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INDONESIA
Ekonomi dan Keuangan
ISSN : 23033625     EISSN : -     DOI : -
Core Subject : Economy,
Jurnal Ekonomi dan Keuangan adalah jurnal yang mempublikasi karya ilmiah yang berupaka hasil penelitian, kajian pustaka dan hasil pembuatan model yang berkaitan di bidang ilmu ekonomi, keuangan, moneter, fiskal, regional dan ekonomi Islam.
Arjuna Subject : -
Articles 158 Documents
Analisis Prospek Ekspor Karet Indonesia Ke Jepang Silvia Atika; Syaad Afifuddin S
Ekonomi dan Keuangan Vol 3, No 1 (2015)
Publisher : Departemen Ekonomi Pembangunan USU

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Abstract

The main point of this research is to analyze how Indonesian rubber export prospect to Japan dan factors that affect it. Where observed factors in this research are Indonesian rubber export volume to Japan, Indonesia rubber production, International rubber price, exchange rate dan Japan GDP. For analyze, the research use time series data from 1990-2013. The research model use econometric model. Analysis method use forecasting and Ordinary Least Square (OLS) Linear Regression. Result of this research show that Indonesian rubber export volume variable to Japan will increase every year in the future. Rubber production variable has positive relationship and significant towards Indonesian rubber export to Japan. International rubber price variable has negative relationship and insignificant towards Indonesian rubber volume export to Japan. Exchange rate variable has positive relationship and insignificant towards Indonesian rubber export volume to Japan. Japan GDP variable has negative relationship and insignificant towards Indonesia rubber export volume to Japan.Keywords: prospect, production, exchange rate, GDP, and rubber export
ANALISIS STRUCTURE, CONDUCT, DAN PERFORMANCE (SCP) INDUSTRI TEKSTIL DAN PRODUK TEKSTIL DI INDONESIA Rezeki Angriani Siregar; Irsyad Lubis
Ekonomi dan Keuangan Vol 3, No 2 (2015)
Publisher : Departemen Ekonomi Pembangunan USU

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Abstract

The purpose of this study is to analyze structure, conduct, and performance of textile and garment industry in Indonesia with an annual 2006-2013 and data totaled 2 subsector in TPT industry in group ISIC code 2 digit. The type data at this research is secondary data which is collection from Badan Pusat Statistik (BPS) and literature related to this study. The method used Structure-Conduct-Performance (SCP) analysis and panel data analysis with Random Effect Model (REM). The data process by using software Microsoft Office Excel 7 and E-views 7 program.The result of SCP analysis found that the industrial structure of TPT industry in Indonesia is a loose oligopoly structure, with an average value of CR4 of 12,02 percent. The average value MES of 4,98 percent show an opportunity for the entry of the new firms in to industry. Analysis of conduct of TPT industry seen strategy of product, price, and promotion. In terms of performance can be seen from PCM, efficiency (XEF), and growth.The estimation result of panel data indicate that by parsial, variable that have the greatest effect and significant performance increased (PCM) is efficiency (XEF). CR4 variable no significant negative effect to PCM. While MES and growth no significant positive effect to PCM of TPT industry in Indonesia. And by simultan, CR4, MES, efficiency (XEF), and growth have effect on PCM.Keywords: Structure-Conduct-Performance (SCP), Concentration Ratio (CR4), Minimum Efficiency of Scale (MES), Efficiency (XEF), Growth Output, Price Cost Margin (PCM)
ANALISIS INVESTASI REKSADANA DAN LABA BUMN TERHADAP HARGA SAHAM BUMN DI BURSA EFEK INDONESIA Bryan Mehaga Sebayang; Raina Linda Sari
Ekonomi dan Keuangan Vol 3, No 2 (2015)
Publisher : Departemen Ekonomi Pembangunan USU

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Abstract

This research aims to analyze the mutual funds invesment and SOE profit to SOE share price in Indonesia Stock Exchange. Later in the formulation of the problem can be divided into two, namely the influence of investment funds to the stock price of SOEs in Indonesia Stock Exchange and how the influence of SOE profits on share price of SOEs in Indonesia Stock Exchange. This study uses panel data which combines time series, that is quartal data from 2009 to 2013, and a cross section of 14 state-owned companies that meet the criteria. The analyis and processing of data uses descriptive analysis and panel regression by using Eviews. In the descriptive analysis is descriptive simple. In the panel data regression analysis, the method used is the method of Pooled Least Square (PLS), Fixed Effect Model (FEM), Random Effect Model (REM) and then determined the most appropriate model using the Hausman test and gained Fixed Effect Model (FEM) is a model the most appropriate. The result of reseach shows there is a positive effect of mutual funds investment to SOE share price in Indonesia Stock Exchange and positive effect from SOE profit to SOE share price in Indonesia Stock Exchange.Keywords: SOE Profit, Mutual Funds Investment, SOE Share Prices, SOEs.
ANALISIS DAYA SAING EKONOMI KABUPATEN SERDANG BEDAGAI Tengku siti Fatimah; Paidi Hidayat
Ekonomi dan Keuangan Vol 3, No 1 (2015)
Publisher : Departemen Ekonomi Pembangunan USU

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Abstract

Penelitian ini bertujuan untuk menganalisis faktor-faktor yang mempengaruhi dan menjadi penentu daya saing ekonomi Kabupaten Serdang Bedagai pada tahun 2014 dengan menggunakan metode Analytical Hierarchy Process (AHP). Penelitian ini menggunakan data primer dengan kuisioner dan wawancara terhadap 30 responden yang terdiri dari mahasiswa, pengajar, tokoh masyarakat, birokrasi perbankan, non perbankan, dan pengusaha.Hasil penelitian ini menunjukkan bahwa, faktor yang paling berpengaruh dalam penentuan daya saing ekonomi di Kabupaten Serdang Bedagai yaitu faktor infrastruktur fisik yang memiliki nilai bobot sebesar 0, 255. Kemudian diikuti oleh faktor perekonomian daerah (0,244) faktor tenaga kerja dan produktifitas (0,208), faktor kelembagaan (0,164), dan pada posisi terakhir adalah faktor social politik (0,128).Kata kunci : Daya Saing Ekonomi, Analisis Hierarki Proses.
ANALISIS SEKTOR UNGGULAN DI KOTA MEDAN Rebecka Octaria N; Paidi Hidayat
Ekonomi dan Keuangan Vol 3, No 1 (2015)
Publisher : Departemen Ekonomi Pembangunan USU

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Abstract

The purpose of this study was to determine the centers of economic growth in the city of Medan through analysis of a typology Klassen, schallogram analysis and analysis of gravity. Based on the results obtained Klassen Typology and schallogram in Medan that there are two centers of growth ithat are District of Medan Deli District of Medan Petisah. Based on gravity analysis shows that the sub-district at the center of that growth has the strongest interaction of Medan Deli District is Medan Timur District and the strongest interaction of Medan Petisah District is Medan Helvetia District.Keywords: Based Sector
ANALISIS PEGARUH BETA DAN RASIO KEUANGAN TERHADAP RETURN SAHAM INDEKS KOMPAS 100 Lois Anjela Sembiring; Syarief Fauzie
Ekonomi dan Keuangan Vol 3, No 3 (2015)
Publisher : Departemen Ekonomi Pembangunan USU

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Abstract

The object of this study is to analyze the effect of beta and financial ratios on the stock return in Kompas 100 index. Financial ratios used are Current Ratio (CR), Debt to Equity Ratio (DER), Total Asset Turnover (TAT) and Equity Per Share (EQPS). The data used were 46 companies selected using purposive sampling technique with the criteria (1) The companies whose shares are included in Kompas 100 index registered in Indonesia Stock Exchange during period 2009-2011. (2) The companies which were consistently active during period 2009-2011 in Kompas 100 index. (3) The companies fulfilling the indicator of dependent and independent variables during period 2009-2011. The data to analyze in this research were panel data using Multiple Linier Regression with Fixed Effect Model (FEM). Data processing was done using Eviews 7 program. The results of research showed that simultaneously through f-statistic test the variable of beta, current ratio, debt to equity ratio, total asset turnover and equity per share had significant influence to stock return in Kompas 100 index on significance rate 90%, whereas based on t-statistic test, it can be concluded that the variable of debt to equity ratio, total asset turnover and equity per share had significant influence to stock return in Kompas 100 index, and the variable of beta and current ratio had insignificant influence to stock returns in Kompas 100 index during period 2009-2011 on significance rate 95%. In addition, the coefficient of determination showed that the variable of beta, current ratio, debt to equity ratio, total asset turnover and equity per share are capable only to explain that the variable of stock return in Kompas 100 index for 44.25%.Keywords : Stock Return, Beta, Current Ratio, Debt to Equity Ratio, Total Asset Turnover and Equity Per Share
ANALISIS DAMPAK MERGER DAN AKUISISI TERHADAP ABNORMAL RETURN DAN KINERJA KEUANGAN PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA Pivi Princifal Yosefa Tarigan; Wahyu Ario Pratomo
Ekonomi dan Keuangan Vol 3, No 3 (2015)
Publisher : Departemen Ekonomi Pembangunan USU

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Abstract

This research was conducted to analyze whether there are differences in abnormal returns and financial performance before with after mergers and acquisitions carried out. In this research, financial performance is proxied by financial ratios, namely for the liquidity ratio seen from the current ratio, the profitability ratio seen from return on equity and return on assets, while the solvency ratio seen from debt ratio and debt to equity ratio. The population of this research is a registered company in Indonesia Stock Exchange which do mergers and acquisitions in 2008-2010. The samples using purposive sampling method in order to obtain a sample of 19 companies. The period of observation for the abnormal return is 10 days before to 10 days after mergers and acquisitions. As for the financial performance that is 3 years before to 3 years after the mergers and acquisitions. Processing of the data in this research using SPSS application 17. Hypothesis testing for abnormal returns using the Wilcoxon Signed Rank Test, and for the financial performance using the Paired Sample T-Test. The result of this research showed that there was no difference in abnormal returns and financial performance before with after mergers and acquisitions carried out.Keywords: Mergers, Acquisitions, Abnormal Return, Financial Performance,Financial Ratios
ANALISIS KAUSALITAS ANTARA RISIKO KREDIT DAN RISIKO LIKUIDITAS PADA BANK BUMN PERIODE 2002-2010 Tunggul Patar Naibaho; Syarief Fauzie
Ekonomi dan Keuangan Vol 3, No 3 (2015)
Publisher : Departemen Ekonomi Pembangunan USU

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Abstract

This study aims to analyze the relationship between the variables of credit risk and liquidity risk on a Indonesian state-owned enterprise bank member which those are Mandiri Bank, BRI Bank, BNI Bank, and BTN Bank. The kind of data which is used in this research is time series of the first quarter of the year 2002 through the fourth quarter of the year 2010 (2002:Q1-2010:Q4) were obtained from the Bank of Indonesia’s official website. The test methods are done by using Unit Root Test, Johansen Cointegration Test, VAR, VECM, and Granger Causality.The result of the study concluded that there is a long-term relationship between credit risk and liquidity risk on Mandiri Bank, BRI Bank, and BNI Bank. There is a one-way relationship between credit risk and liquidity risk on BRI Bank. Credit risk affects liquidity risk. Meanwhile, there are no causalities between credit risk and liquidity risk on Mandiri bank, BNI Bank, and BTN Bank.Keywords : Unit root test, Cointegration test, VAR, VECM, and Granger Causality Test
ANALISIS PERBEDAAN IMBAL HASIL ANTARA PERUSAHAAN MANUFAKTUR DENGAN PERTAMBANGAN YANG LISTING DI BURSA EFEK INDONESIA Yandri Rezziansyah Sitompul; Syarief Fauzie
Ekonomi dan Keuangan Vol 3, No 3 (2015)
Publisher : Departemen Ekonomi Pembangunan USU

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Abstract

The purpose of this study was to determine the difference between the yield of a manufacturing company in the field of automotive and mining are listed in the Indonesia Stock Exchange. The data collection techniques used in this research study documentation with data analysis techniques to determine the difference between the yield of a manufacturing company with mining listed in Indonesia Stock Exchange using a different test. The results of this study indicate that the answer to the problem in this research that there is a difference between the yields on the field of automotive manufacturing company with mining listed in Indonesia Stock Exchange. Besides testing different test t test based on table Coefficients known that sig. (2-tailed) and mining stock returns of 0,053 automotive companies which means that the sig. (2-tailed)> 0.05, so it can be said that Ha is accepted, and Ho is rejected which means that there is a difference between the yields on the field of automotive manufacturing company with mines in Indonesian Stock Exchange listingKeyword : Yields, Automotive Company And Mining Company
ANALISIS FAKTOR-FAKTOR PENYEBAB KEENGGANAN MASYARAKAT MEMBAYAR ZAKAT MELALUI INSTANSI BAZIS/LAZ DI KOTA MEDAN ( Studi Kasus : Masyarakat Kecamatan Medan Tembung ) Abdul Hafiz Daulay; Iryad Lubis
Ekonomi dan Keuangan Vol 3, No 3 (2015)
Publisher : Departemen Ekonomi Pembangunan USU

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Abstract

The objective of the research was to find out some factors which caused people to be reluctant to pay/extend their zakat (obligation to contribute to the poor or to religious activities) through BAZIS/LAZ institution, Medan Tembung Subdistrict, Medan, and to analyze some measures and policy which will be taken by BAZIS/LAZ.. The samples were 100 respondents in Medan Tembung Subdistrict, taken by using simple random sampling technique. The data were gathered by distributing questionnaires and analyzed by using descriptive analysis with an SPSS (Statistic Product and Service Solution) version 16 software program.The result of the research showed that the most dominant factor which caused people to be reluctant to pay/extend their zakat through BAZAS/LAZ was religious factor (they felt it was better to donate zakat directly to mustahiqs (the poor and needy) who were still their relatives (33%), followed by location (the location of BAZIS/LAZ was far from their residence) (24%), service (the service provided by BAZIS/LAZ was not satisfactory) (21%), credibility (people did not trust BAZIS/LAZ in distributing zakat to the needy since the management of extending zakat was not transparent) (12%), and income (high income people would rather extend their zakat through organized BAZIS/LAZ) (10%). 88% of the people in Medan Tembung Subdistrict were reluctant to pay/extend their zakat through BAZIS/LAZ, and only 12% of them who paid/extended their zakat through BAZIS/LAZ. They wanted BAZIS/LAZ institution to be professional, managerial, and transparent and to improve its service.Keywords: Reluctance, Zakat, Policy