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Contact Name
Iman Lubis
Contact Email
indonesianfinancialreview@gmail.com
Phone
+6287876253358
Journal Mail Official
indonesianfinancialreview@gmail.com
Editorial Address
Kp. Sukasari No.52 Rt.001 Rw.001 Desa Kabasiran Kecamatan Parung Panjang Kabupaten Bogor
Location
Kab. bogor,
Jawa barat
INDONESIA
Indonesian Financial Review
ISSN : -     EISSN : 28073886     DOI : https://doi.org/10.55538/ifr.v1i1
Core Subject : Economy,
The intent of the Editors of The Indonesia Financial Review is to discuss, explore, and disseminate the latest issues and developments in Empirical Financial Economics (JEL classification: G), particularly those related to financial frictions in the Emerging Markets. The others are accepted such as capital markets, financial institutions and services, corporate finance, risk modeling and management, market microstructure in financial markets, Islamic finance, behavioral finance, and financial crisis.
Articles 60 Documents
Effect of Debt Level and Liquidity on Dividend the Pharmaceutical Sub-Sector Listed on the IDX from 2015 to 2020 Mohamad Safii; Hendy Surahman
Indonesian Financial Review Vol. 3 No. 1 (2023)
Publisher : YPPP AL-AMSI

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Abstract

This study aims to determine the effect of debt levels and liquidity on profit persistence (an empirical study of companies in the pharmaceutical sub-sector consumer goods industry listed on the IDX for the 2015-2020 period). This type of research is a quantitative approach research with descriptive analysis method. Samples were taken using purposive sampling technique. A sample of 60 data from 10 companies in the pharmaceutical sub-sector consumer goods industry listed on the Indonesia Stock Exchange in 2015-2020. The data analysis technique used is descriptive statistical techniques and panel data regression using Eviews 9. partially the debt level variable has no effect on dividends, partially the liquidity variable has no effect on dividends and simultaneously the level of debt and liquidity has a simultaneous effect on dividends.
The Influence of Gold Price, World Oil Price, and Unemployment on Inflation Iman Lubis Lubis; Arif Surahman; Nani Rusnaeni
Indonesian Financial Review Vol. 3 No. 1 (2023)
Publisher : Yayasan Pendidikan Penelitian Pengabdian Al-amsi

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Abstract

This research examines the gold price, world oil price, and unemployment on inflation The data is from 2002 to 2022. The model are used ARIMA, ARCH, and GARCH. Type of data are time series. Gold price is stationary in data level. World oil price is stationary in first difference. Unemployment is stationary data in second difference. Gold price has not affected on difference inflation. Difference world oil price has not affected on difference inflation. Double difference unemployment has not affected on difference inflation. Gold price, difference oil price, and double difference unemployment have not affected on difference inflation simultaneously.
Company Value Analysis Using Ratio Models Tobin’s Q at PT Gudang Garam Tbk from 2012 to 2021 Yulianti Yulianti
Indonesian Financial Review Vol. 3 No. 1 (2023)
Publisher : Yayasan Pendidikan Penelitian Pengabdian Al-amsi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55538/ifr.v3i1.24

Abstract

This study aims to find out what the market value, Total Liabilities, Total Assets, and company value are with the Tobin’s Q Ratio model at PT Gudang Garam Tbk for the 2012-2021 period. This type of research is quantitative. The data source used in this study is secondary data, namely the company's financial report data that has been provided by PT Gudang Garam Tbk for the 2012-2021 period. The data analysis technique used in this research is descriptive with a quantitative approach. The data analysis technique used in this study uses the Tobin’s Q firm value ratio. The results of the study show that market value is classified as capable of maximizing market value because it is relatively expensive every year. Liabilities are still able to be paid by assets. Assets are greater than liabilities. Tobin’s Q in 2012-2020 is in an Overvalued position, in 2021 it will be undervalued.
The Influence of Current Ratio and Debt to Equity Ratio on Company Value (Tobin's Q) at PT Kalbe Farma, Tbk from 2012 to 2022 Yuli Yanna Putri
Indonesian Financial Review Vol. 3 No. 1 (2023)
Publisher : Yayasan Pendidikan Penelitian Pengabdian Al-amsi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55538/ifr.v3i1.25

Abstract

This study aims to test and determine the effect of the Current Ratio and Debt To Equity Ratio on Firm Value (Tobin's Q) at PT Kalbe Farma Tbk for the 2012-2022 period. In this study, researchers used secondary data by collecting financial report data through the Indonesia Stock Exchange (IDX) Website, namely www.idx.co.id and quantitative methods to determine the effect of the independent variables on the dependent variable and formulate hypotheses to be tested using the Eviews application. 2012. The results of this study indicate that partially (t test) the Current Ratio has no effect on firm value because the significance value is 0,1247>0,05  and the t value is -1,715037<2,36462  and the Return On Equity Ratio has no effect on firm value because the significance value is 0,4748>0,05  and the t-value is0,742981<2,36462. And simultaneously (F test), Current Ratio and Return On Equity Ratio affect firm value.
Effect of Total Asset Turnover and Net Profit Margin on Company Value at PT Bumi Resources Tbk from 2012 to 2021 Nurul Anisa
Indonesian Financial Review Vol. 3 No. 1 (2023)
Publisher : Yayasan Pendidikan Penelitian Pengabdian Al-amsi

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Abstract

  This study aims to determine the effect of Total Asset Turnover and Net Profit Margin on Firm Value at PT. BUMI Resources, Tbk. Period 2012-2021. This type of research is quantitative. The data source used in this study is secondary data, namely the company's financial report data that has been provided by PT. BUMI Resources, Tbk. For the 2012-2021 period. The results of this study indicate that partially Total Asset Turnover has a significant effect on Firm Value while Net Profit Margin has no significant effect on Firm Value. Simultaneously Total Asset Turnover and Net Profit Margin together have no significant effect on Firm Value.
The impact of the Russian-Ukrainian war on the influence of world oil and world gold on the ASEAN-5 Indexes Iman Lubis Lubis; Arif Surahman; Nani Rusnaeni
Indonesian Financial Review Vol. 3 No. 2 (2023)
Publisher : Yayasan Pendidikan Penelitian Pengabdian Al-amsi

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Abstract

In ASEAN are 5 stock markets which have often been studied in previous financial research. The five countries are Indonesia, Malaysia, Philippines, Thailand, Singapore. This research was tested based on the events of the Ukraine-Russia war because this war had the impact of not achieving world economic growth of no greater than 5%.The aim of this research is to examine changes in world oil prices and changes in world gold prices against the ASEAN-5 indexes. Research data comes from investing.com. Variable X1 is changes in world oil prices. Variable X2 is the change in world gold prices. Variable Y is the ASEAN-5 Index. The ASEAN-5 Index countries are Indonesia, the Philippines, Singapore, Malaysia, and Thailand. The data processing technique is panel data. The result is the best random effect. Changes in world oil prices and world gold prices influence changes in the ASEAN-5 Indexes.
The Influence of Technological Progress on Regional Income Inequality in Indonesia Nur Sholeh, Achmad; Nizar, nefo Indra; Nazir, ahmad
Indonesian Financial Review Vol. 3 No. 2 (2023)
Publisher : Yayasan Pendidikan Penelitian Pengabdian Al-amsi

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Abstract

The aim of this research is to determine the influence of technology on regional economic development as well as prove whether technology can cause income inequality in Indonesia. This research method uses panel data regression estimation. Panel data is a combination of cross section and time series data. Meanwhile, a technology index was calculated based on indicators of smartphone, internet and computer use to see the characteristics of the technological dimensions of each province in Indonesia. The data used is secondary data from provinces throughout Indonesia for the 2016-2022 time period. The data source was taken from the Indonesian Central Statistics Agency. The panel data regression estimation results are estimated  smartphone owners ratio and computer user rasio do not affect regional income inequality significantly meanwhile internet access rasio affect regional income inequality partially. All variables affected regional Income simultaneously or tecnological progress has affected regional income inequality in Indonesia.
The Influence of DER and CR on EVA at PT Adhi Karya (Persero), Tbk from 2012 to 2022 Dianti, Selvi
Indonesian Financial Review Vol. 3 No. 2 (2023)
Publisher : Yayasan Pendidikan Penelitian Pengabdian Al-amsi

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Abstract

The purpose of this research is to find out how much influence DER and CR have on EVA at PT. Adhi Karya (Persero) Tbk. partially and simultaneously. The population and sample data used in this research are financial report data in the form of balance sheets and profit and loss at PT. Adhi Karya (Persero) Tbk for the period 2012 to 2022. The research methodology used is a quantitative descriptive analysis method. The data used is secondary data. Hypothesis testing is carried out using the F test and t test. with a significance level (?) of 5%. Data analysis used statistical data processing software, namely EVIEWS version 12. The results of the study showed that partially the DER) did not have a significant effect on EVA but the CR has no significant effect on EVA. Simultaneously, DER and CR have no significant effect on EVA.
Effect of CR and DER against ROA PT Tempo Scan Pacific Tbk Period 2012-2021 Azhari, Mila
Indonesian Financial Review Vol. 3 No. 2 (2023)
Publisher : Yayasan Pendidikan Penelitian Pengabdian Al-amsi

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Abstract

This research aims to determine the effect of CR and DER on ROA at PT. Tempo Scan Pacific, Tbk 2012-2021. The method used is a quantitative method. The data source for this research is secondary data in the form of an overview of the annual financial reports for the 2012-2021 period. The data methods used in this research are descriptive analysis, classical assumption tests, simple and multiple linear regression tests, significant tests including T and F statistical tests, as well as correlation coefficient and determination coefficient tests. Using SPSS software version 25. The results of this study show that partially the CR does not have a significant effect on ROA. DER partially does not have a significant effect on ROA. Simultaneously, the CR and DER have a significant effect on ROA.
The Influence of CR and DER on ROE in The Non-Cyclical Consumer Sector For Ten Years Apriliani, Nabila
Indonesian Financial Review Vol. 3 No. 2 (2023)
Publisher : Yayasan Pendidikan Penelitian Pengabdian Al-amsi

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Abstract

This research is a quantitative study to determine the effect of the Current Ratio (CR) and Debt to Equity Ratio (DER) on Return On Equity (ROE) in the Consumer Non-Cylclical Sector for the 2012–2021 period. The data used is secondary data obtained from www.idx.co.id. The sample in this study used a purposive sampling method and obtained as many as 4 companies out of 10 population companies in the industrial sector which were used as research objects. The data analysis method used in this research is descriptive statistics, panel data regression analysis, hypothesis testing, and coefficient of determination test. Based on the partial test analysis, CR has no significant effect on ROE in the non-cyclical consumer sector. Then, DER has a significant effect on Return ROE in the non-cyclical consumer. It is concluded that CR and DER together have no effect on ROE, simultaneously.