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Muhammad Wali
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INDONESIA
Indonesian Journal Economic Review (IJER)
Published by Lembaga Mitra Solusi Teknologi Informasi
ISSN : 28082176     EISSN : 28081129     DOI : https://doi.org/10.35870/ijer
Core Subject : Economy,
Economics, Econometrics & Finance
Indonesian Journal Economic Review with published by Research Division Lembaga Mitra Solusi Teknologi Informasi. This journal covers fields such as People Knowledge and Management, Operations and Performance Management, Business Risk, Finance and Accounting, Entrepreneurship, Strategic Business, Strategic Marketing, and Decision Making and Negotiation. This journal is a peer reviewed online journal dedicated to high-quality research publications focused on research and implementation.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 143 Documents
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Effects of Liquidity and Solvency on Stock Investment Returns in PT Telkom Indonesia Tbk for the 2014-2025 Period Nurwita; Noryani; Lisdawati
Indonesian Journal Economic Review (IJER) Vol. 6 No. 2 (2026): June
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v6i2.820

Abstract

This study analyzes the effects of liquidity and solvency on stock investment returns in PT Telkom Indonesia Tbk for the 2014-2025 period. A quantitative design is applied using secondary data from the company’s annual financial statements and year-end stock closing prices. Liquidity is measured by the current ratio, while solvency is measured by the debt to equity ratio. Stock investment return is calculated from yearly stock price changes. The data are tested through multiple linear regression with SPSS version 26. The findings show that liquidity and solvency have no significant effect on stock investment returns, either individually or jointly. The coefficient of determination reaches 45.2%, meaning that both financial ratios explain less than half of the variation in stock investment returns. The remaining 54.8% is linked to other factors outside the model. This result suggests that a healthy liquidity or solvency position does not automatically lead to higher stock returns. Investors need to compare these ratios with profitability, dividend policy, interest rates, market sentiment, and industry conditions before making investment decisions.
A Comparative Analysis of the Degree of Fiscal Decentralisation Between the City of Jambi and Batanghari Regency Dewi Purnama Sari; Nurhayani; Parmadi
Indonesian Journal Economic Review (IJER) Vol. 6 No. 2 (2026): June
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v6i2.833

Abstract

Fiscal decentralisation is a key instrument in the implementation of regional autonomy, aimed at enhancing the financial independence of local governments. The success of fiscal decentralisation can be measured by a region’s ability to optimise its own-source revenue (PAD) and reduce its dependence on central government transfers. This study aims to analyse the degree of fiscal decentralisation and identify differences in fiscal capacity between the City of Jambi and Batang Hari Regency during the period 2020–2024. The study employs a quantitative approach using a descriptive comparative method. The data used consists of secondary data obtained from the Budget Implementation Reports (LRA) of the City of Jambi and Batang Hari Regency. The analysis was conducted using ratios of the degree of fiscal decentralisation based on Local Own-Source Revenue (PAD), Tax and Non-Tax Revenue Sharing (BHPBP), and central government transfers. Furthermore, differences in the fiscal capacity of the two regions were analysed using an independent samples t-test. The results indicate that Jambi City possesses a higher level of fiscal autonomy compared to Batang Hari Regency, as evidenced by a relatively higher contribution of PAD to total regional revenue. Conversely, Batang Hari Regency exhibits a greater degree of dependence on revenue-sharing funds and central government transfers. The results of the t-test also indicate a significant difference in the degree of fiscal decentralisation between the two regions. These findings suggest that regional economic characteristics and the capacity to manage local revenue sources play a significant role in determining the level of fiscal autonomy of local governments.
Analysis of Fiscal Equalisation Funds and Local Financial Autonomy in West Tanjung Jabung Regency Muhammad Teja; Zulfanetti; Jaya Kusuma Edy
Indonesian Journal Economic Review (IJER) Vol. 6 No. 2 (2026): June
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v6i2.854

Abstract

This study aims to analyze the development of balancing funds, the structure of balancing funds, and the level of regional financial independence in Tanjung Jabung Barat Regency during the 2020 to 2024 period. This study uses a descriptive quantitative approach with secondary data obtained from the Regional Revenue and Expenditure Budget (APBD) Realization Report published by the Directorate General of Fiscal Balance (DJPK), Ministry of Finance of the Republic of Indonesia. The analytical methods used include development analysis, contribution analysis, and regional financial independence ratio analysis. The results show that balancing funds remain the main source of regional revenue, with an average contribution of 87% to total regional revenue. The structure of balancing funds is dominated by Revenue Sharing Funds (DBH) and General Allocation Funds (DAU), while the average regional financial independence ratio is only 8%, which is categorized as very low. These findings indicate that Tanjung Jabung Barat Regency still has a high level of dependence on central government transfers. Therefore, efforts are needed to optimize Regional Original Revenue (PAD) to increase fiscal capacity and strengthen regional financial independence.

Page 15 of 15 | Total Record : 143

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