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A Maritime-Based Fiscal Development Strategy Model in East Kalimantan Province, Indonesia Irhamsyah; Sutanto Hidayat; Maranatha Wijayaningtyas; Nanta Sigit
International Journal of Technology and Education Research Vol. 3 No. 04 (2025): October - December, International Journal of Technology and Education Research
Publisher : International journal of technology and education research

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63922/ijeter.v3i04.2543

Abstract

This study integrates economic and geospatial approaches to analyze the effectiveness of capital expenditures, fund allocation, and physical monitoring in regional development and improving community welfare, particularly in Kalimantan. This integration aims to provide a more comprehensive understanding of the contribution of fiscal policy to regional development. Fiscal instruments such as the General Allocation Fund (DAU), Special Allocation Fund (DAK), and Regional Original Revenue (PAD) are analyzed to determine the extent to which each impacts regional economic growth and improves the quality of life of the community. In addition to the fiscal aspect, this study also evaluates the use of geospatial technology in monitoring the progress of physical development in the field. This technology was assessed in terms of accuracy, efficiency, and its potential to support real-time development planning and monitoring processes. A quantitative approach was used, applying panel data regression models, Partial Least Squares (PLS) analysis, and spatial analysis to comprehensively describe the relationships between variables. The results of the study indicate that the integration of fiscal and spatial data can provide more accurate and relevant information for decision-making in regional development planning. The combination of these two approaches has been proven to strengthen the effectiveness of development policies and can be used as a reference in developing data-driven, sustainable development strategies that are oriented towards equitable distribution of community welfare.
Impact of Middle East Conflict on Financial Performance of Contractor Firms Listed on the Indonesia Stock Exchange Grace citra dewi; Amir; Irhamsyah
International Journal of Economics, Business and Innovation Research Vol. 5 No. 02 (2026): February - March, International Journal of Economics, Business and Innovation
Publisher : Cita konsultindo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63922/ijebir.v5i02.3055

Abstract

This study examines the impact of the Middle East conflict on the financial performance of contractor companies listed on the Indonesia Stock Exchange (IDX). Escalating geopolitical tensions in the Middle East have contributed to rising energy prices, supply chain disruptions, and increased global financial uncertainty, which may indirectly influence firm-level profitability, particularly in capital-intensive sectors such as construction. This research aims to analyze the effect of internal financial indicators Cash Ratio, Debt to Asset Ratio (DAR), Firm Size, and Inventory Turnover on Return on Assets (ROA) within the context of geopolitical instability. Using a quantitative research design, this study employs panel data derived from the annual financial statements of contractor companies listed on the IDX during the observation period. Multiple regression analysis is utilized to examine both the partial and simultaneous effects of liquidity, leverage, firm size, and operational efficiency on profitability. The findings indicate that internal financial characteristics significantly influence ROA. Liquidity plays an important role in maintaining operational stability, although excessive cash holdings may reduce asset efficiency. Leverage is found to increase financial vulnerability during periods of uncertainty, while larger firms demonstrate greater resilience due to stronger access to capital and diversified operations. Inventory turnover also contributes to profitability by reflecting operational efficiency, although it may be affected by global supply chain disruptions. This study contributes to the literature by integrating external geopolitical risk considerations with firm-level financial ratio analysis in an emerging market context. The results provide practical implications for corporate managers, investors, and policymakers in formulating financial strategies to enhance resilience against global geopolitical instability, particularly within the construction sector.