{"title":"The Investment Decisions in the Fish, Meat and Poultry Industries Using the Capital Asset Pricing Model (CAPM) Method: Period 2022","authors":"Ana Sabrina Rachman","doi":"10.31294/jp.v21i1.14860","DOIUrl":"https://doi.org/10.31294/jp.v21i1.14860","url":null,"abstract":"This journal discusses the investment decisions in the Fish, Meat, & Poultry Industries Using the Capital Asset Pricing Model (CAPM) Method. This study uses a quantitative descriptive research method using a sample of 10 stocks from companies in the Fish, Meat, & Poultry sector that are listed on the Indonesia Stock Exchange continuously in the 2022 period. This study aims to see which companies will provide the highest returns that can exceed risk-free returns among companies in the fish, meat, & poultry sector in Indonesia and only stocks that have a return value more than the CAPM return will recommended for investors investing. The results of this study is from 10 company, there are only 2 companies in the Fish, Meat, & Poultry Industries in Indonesia which has efficient shares, namely Charoen Pokphand Indonesia Tbk and Morenzo Abadi Perkasa Tbk because they have a stock return value that is greater than the CAPM return value.Keywords: Capital Asset Pricing Model (CAPM), Investment Decisions, Industries","PeriodicalId":30642,"journal":{"name":"Jurnal Perspektif Pembiayaan dan Pembangunan Daerah","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73113871","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Analisis Pengaruh Kualitas Pelayanan Lintas Penyeberangan Ujung – Kamal Terhadap Loyalitas Penumpang","authors":"Riska Angga Dewi, Yenita Yenita","doi":"10.31294/jp.v21i1.15265","DOIUrl":"https://doi.org/10.31294/jp.v21i1.15265","url":null,"abstract":"The Ujung-Kamal crossing is a crossing served by Ro-Ro ships that connects Java Island with Madura Island. In its time, the Ujung-Kamal crossing was a very busy crossing, but since the opening of the SURAMADU Bridge in June 2009, the users of Ujung-Kamal crossing services have decreased dramatically and continue to experience losses. Amid the declining number of passengers at the Ujung-Kamal crossing, this study aims to analyze the effect of service quality represented by 3 variables namely comfort, safety and reliability on passenger loyalty. This research uses quantitative descriptive method with data analysis using SEM PLS 3.0 application with data collection method using Probability Sampling method. Data analysis using SEM PLS aims to measure the relationship between variables with measuring indicators and is used to measure the causal relationship between the dependent variable and the independent variable based on the hypothesis that has been made. The results showed that comfort, safety and reliability variables affect passenger satisfaction. In addition, the safety variable is stated to have an effect on passenger loyalty but comfort and reliability are stated to have no effect on passenger loyalty. Meanwhile, if through passenger satisfaction as an intervening variable, comfort and safety affect passenger loyalty but reliability has no effect. Keywords: ferry transportation, , loyalty, satisfaction.","PeriodicalId":30642,"journal":{"name":"Jurnal Perspektif Pembiayaan dan Pembangunan Daerah","volume":"117 26 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84290594","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Amin Setio Lestiningsih, Sabil Sabil -, L. -, D. Widodo
{"title":"Hubungan Implementasi Sistem Manajemen ISO 9001-2015 terhadap Peningkatan Standar Mutu Produk Baja Tulangan di Jakarta","authors":"Amin Setio Lestiningsih, Sabil Sabil -, L. -, D. Widodo","doi":"10.31294/jp.v21i1.11925","DOIUrl":"https://doi.org/10.31294/jp.v21i1.11925","url":null,"abstract":"The purpose of this study was to analyze the effect of the implementation of the ISO 9001-2015 management system on improving the quality standards of bridging steel products, this research method is quantitative. Data collection through questionnaires was carried out using simple random sampling technique and the number of respondents was 539, consisting of 493 executive employees and 27 respondents who were elements of the leadership of a reinforcing steel company in Jakarta. Data processing uses SPSS version 21 and uses the help of Microsoft Excel. The results of this study conclude that there is a strong and significant relationship between the ISO 9001: 2015 Quality Management System and the Reinforcing Steel Product Quality Standards in Jakarta. Taking into account the Pearson correlation value, it can be said that the relationship between both variables are very strong and dominant. The ISO 9001: 2015 Quality Management System that is positive in this case is the desire to be appreciated in carrying out work so that it can produce Quality Standards for Reinforcing Steel Products in accordance with applicable standards. The novelty of this research is the influence of the quality management system which has a significant effect on the quality standards of steel allowances. Keywords: ISO Management System, Quality Standards","PeriodicalId":30642,"journal":{"name":"Jurnal Perspektif Pembiayaan dan Pembangunan Daerah","volume":"11 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87252461","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Pengaruh Pandemi Covid-19 terhadap Fluktuasi Harga Saham dan Volume Transaksi Saham Supermarket di BEI","authors":"Imelda Sari","doi":"10.31294/jp.v21i1.15075","DOIUrl":"https://doi.org/10.31294/jp.v21i1.15075","url":null,"abstract":"This study aims to determine the decline or increase in stock prices and stock transaction volume after the announcement of the arrival of Covid-19 in Indonesia. The companies studied were companies belonging to the D113 supermarket sector, consisting of AMRT, HERO, MIDI, MPPA, AND RANC. The research time is 35 days of stock transactions before March 2 2020 and 35 days of stock transactions after March 2 2020. The research approach uses quantitative analysis. This study uses secondary data, namely stock price data and stock transaction volume data. The analytical method used is multiple linear regression using SPSS, namely the Normality Test followed by the T-Test Paired Samples Test. The results of the study found that stock prices and stock transaction volume had different results. Share prices have decreased after the entry of Covid-19, but the volume of stock transactions has actually increased. Supermarket management to take steps to adjust quickly and accurately to changes that occur as a result of the government's mobility restrictions. It is hoped that the stability of sales in supermarkets will be able to increase sales so that investors want to buy shares, so that share prices rise again. Keywords: Stock Price, Stock Volume, Supermarket","PeriodicalId":30642,"journal":{"name":"Jurnal Perspektif Pembiayaan dan Pembangunan Daerah","volume":"12 2 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80407255","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Pengaruh Inflasi, Tingkat Suku Bunga, Nilai Tukar, dan Struktur Modal terhadap Return Saham Perusahaan Sektor Farmasi","authors":"Angelina Mourine, Fanny Septina","doi":"10.31294/jp.v21i1.12943","DOIUrl":"https://doi.org/10.31294/jp.v21i1.12943","url":null,"abstract":"Return is one of the factors that can motivate investors to invest. There are two factors that can affect the rate of return, there are macro and microeconomic factors This study aims to determine the effect of macroeconomic factors, such as inflation, interest rates, and exchange rates and microeconomic factors, there are capital structure on stock returns in pharmaceutical sector companies listed in Indonesia Stock Exchange for the 2015-2020 period. This research is a quantitative approach, there are calculations on the data in the form of numbers. The research sample uses pharmaceutical companies that have been listed on the IDX for the 2015-2020 period using a purposive sampling technique, obtained 48 samples of the company during the 2015-2020 period. The research is secondary data which is already available about financial reports and annual reports of pharmaceutical sector companies for the 2015-2020 period and obtained from Indonesian Stock Exchange official website. The results showed that inflation have a significant effect on stock returns, interest rates have a significant effect on stock returns, the exchange rate have no significant effect on stock returns, capital structure have no significant effect on stock returns, and company size as a control variable do not have a significant effect on stock returns in pharmaceutical companies listed on the IDX for the 2015-2020 period.Keywords : Exchange Rates, Capital Structure, Inflation, Interest Rates, Stock Returns","PeriodicalId":30642,"journal":{"name":"Jurnal Perspektif Pembiayaan dan Pembangunan Daerah","volume":"4 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84949862","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Islamic bank efficiency: an efficiency method with SFA","authors":"Fajra Octrina, Hariadi Eka Priatmojo","doi":"10.22437/ppd.v10i6.18250","DOIUrl":"https://doi.org/10.22437/ppd.v10i6.18250","url":null,"abstract":"Judging from the financial ratios, the performance of Islamic banking in Indonesia was remarkably stable both before and during the Covid-19 pandemic. However, another thing is whether this condition could make Islamic banks continue to work effectively. This study aimed to measure the cost efficiency of Islamic commercial banks in Indonesia quarter I of 2019 – quarter IV of 2020 and analyze the influencing factors in cost efficiency. The study used a saturated sampling technique with a total sample of 14 Islamic commercial banks, while the efficiency level was determined using the Stochastic Frontier Analysis (SFA) method. It turns out that PT. Bank Muamalat Indonesia Tbk. has the highest efficiency value of 0.9284. Several banks with an efficiency value of more than 0.5 are PT. Bank Aceh Syariah, PT. Bank BNI Syariah, and PT. Bank Mega Syariah. In this study, only inflation variables affect efficiency. In contrast, bank size, Return on Assets (ROA), Net Operating Margin (NOM), Non-Performing Financing (NPF), Financing to Deposit Ratio (FDR) variables, Capital Adequacy Ratio (CAR), Gross Domestic Product (GDP), and the rupiah exchange rate don’t affect the efficiency. Overall, all the company's internal variables and environmental variables affect efficiency.","PeriodicalId":30642,"journal":{"name":"Jurnal Perspektif Pembiayaan dan Pembangunan Daerah","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46279264","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Who get paid higher? A study on wages decomposition between manufacturing and non-manufacturing workers in Indonesia","authors":"Arief Ibrahim, Nasri Bachtiar, Elvina Primayesa","doi":"10.22437/ppd.v10i6.20744","DOIUrl":"https://doi.org/10.22437/ppd.v10i6.20744","url":null,"abstract":"In 2008, Indonesia became a member of the G20, and it is estimated that in 2030 it will be in the top seventh economic countries if it can keep growing. Nevertheless, high economic growth was followed by an inequality problem. This study will analyze the wage gap between manufacturing and non-manufacturing workers. Using Sakernas 2020 and the Mincer wage model regression, the result showed that all independent variables: age, level of education, gender, region of residence, marital status, toddler, disability status, and certificate training influence wages for both manufacturing and non-manufacturing workers. Next, the Blinder-Oaxaca method decomposes the wage gap between both groups. It is shown that manufacturing workers get higher wages than non-manufacturing workers because of differences in the characteristic of workers and also industry attributes which, in this case, capital intensity.","PeriodicalId":30642,"journal":{"name":"Jurnal Perspektif Pembiayaan dan Pembangunan Daerah","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49433326","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Local government performance: financial condition perspective","authors":"S. Rahayu, Y. Yudi, Rahayu Rahayu","doi":"10.22437/ppd.v10i6.11779","DOIUrl":"https://doi.org/10.22437/ppd.v10i6.11779","url":null,"abstract":"The government performance measurement is essential to assess target achievement and public services, one of which is measured from the perspective of financial conditions. This study aimed to measure the performance of the regency and municipal in Jambi Province. The measurement used eight ratios of the basic factors of local governments' finance to analyze financial conditions. Furthermore, Jambi municipal and Sungai Penuh municipal are the regions with the best financial condition viewed from regional income factors. At the same time, Tanjabbar has the best financial condition from regional expenditure factors. From operational factors, the best position was held by three regions: Kerinci, Tanjabbar, and Sarolangun Regencies. Additionally, Muaro Jambi Regency has the best financial condition viewed from the debt structure factor. Overall, the regencies and municipalities in Jambi Province are in good financial condition. Four regions are averagely good, six regions have better financial conditions, and one region is in the best financial condition compared to those included in the assessment process.","PeriodicalId":30642,"journal":{"name":"Jurnal Perspektif Pembiayaan dan Pembangunan Daerah","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41703977","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Saddam Rassanjani, Risky Novialdi, Nur Saribulan, Dahlawi Dahlawi
{"title":"Overcoming the threat of poverty and social welfare amid the COVID-19 pandemic through sustainable funding sources","authors":"Saddam Rassanjani, Risky Novialdi, Nur Saribulan, Dahlawi Dahlawi","doi":"10.22437/ppd.v10i6.18017","DOIUrl":"https://doi.org/10.22437/ppd.v10i6.18017","url":null,"abstract":"The COVID-19 outbreak is believed to have slowed economic acceleration in several countries, including Indonesia. Dramatic economic changes affect the country's performance in overcoming poverty and unemployment. This article aims to analyze the social and economic impact of the pandemic. It can be seen that the government, as the holder of the mandate of power, still and will continue to rely on social protection programs in dealing with the social and economic impacts that are currently being faced. The government can expand social security and assistance programs by strengthening collaboration between local authorities and non-state institutions. In addition to social protection, Indonesia, known as a country with a Muslim majority, has a religious instrument called zakat, which is believed to overcome the spike in poverty. Moreover, zakat is also considered a potential instrument to support some countries in achieving SDG goals as long as they are appropriately managed.","PeriodicalId":30642,"journal":{"name":"Jurnal Perspektif Pembiayaan dan Pembangunan Daerah","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49652350","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Convergence of income across regencies in Central Java: spatial econometric approach","authors":"Edy Yusuf Agung Gunanto, M. Hendarto, S. Fathoni","doi":"10.22437/ppd.v10i6.18768","DOIUrl":"https://doi.org/10.22437/ppd.v10i6.18768","url":null,"abstract":"The development of an economy is oriented towards not only growth but also equality. Furthermore, economic interaction across regions has to be captured in a development analysis to avoid the possibility of biased results. This study analyzes Central Java, Indonesia's economic development, by considering spatial interactions across regencies. The Spatial Durbin Model (SDM) is used for the analysis. The results show significant spatial interaction across regencies/cities in Central Java in the spatial model and economic convergence that occurs faster than in the non-spatial model. Then, the mismatch between the curriculum of education and industry needs is a presumption illustrated in the insignificant relationship of human capital to income. And an anomaly occurs where physical capital has a negative impact on income.","PeriodicalId":30642,"journal":{"name":"Jurnal Perspektif Pembiayaan dan Pembangunan Daerah","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44914717","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}