Jurnal Ekonomi Modernisasi最新文献_第3页

Analisis fenomena Kurva J di Indonesia 印度尼西亚Kurva J现象分析

Jurnal Ekonomi Modernisasi Pub Date : 2022-03-31 DOI: 10.21067/jem.v18i1.6438

Lia Ika Lestari, Birgitta Dian Saraswati, Yustinus Wahyudi

{"title":"Analisis fenomena Kurva J di Indonesia","authors":"Lia Ika Lestari, Birgitta Dian Saraswati, Yustinus Wahyudi","doi":"10.21067/jem.v18i1.6438","DOIUrl":"https://doi.org/10.21067/jem.v18i1.6438","url":null,"abstract":"The free-floating exchange rate system in Indonesia has consequences for fluctuations in the Rupiah exchange rate. In accordance with the J-Curve theory, will the weakening of the Rupiah value have an impact on improving the trade balance in the long term or will it worsen the trade balance condition in the long term. This study will examine how the influence of the Rupiah exchange rate on the trade balance in both the short and long term and whether the J-Curve phenomenon occurs in Indonesia using the Vector Error Correction Model (VECM) analysis technique in the observation period 2015.1-2020.12. The results of this study prove that the J-Curve phenomenon occurs in the Indonesian economy. The findings show that the depreciation of the Rupiah in the short term will cause a trade balance deficit, but in the long term, the depreciation of the Rupiah will cause a trade balance surplus. The results of the variance decomposition show that the exchange rate has a major role in the formation of fluctuations in the trade balance. In addition, shocks that occur in the exchange rate will be responded to by movements in the trade balance position and permanent, namely for the next ten periods. The limitation of this research is that the identification of the existence of the J curve phenomenon is generally carried out on the entire trade balance. Further research is expected to identify the J curve phenomenon specifically in several trading partner countries of Indonesia.","PeriodicalId":31068,"journal":{"name":"Jurnal Ekonomi Modernisasi","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42729926","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}

引用次数: 0

Komitmen pimpinan sebagai moderasi pengaruh good school governance terhadap kinerja sekolah 领导承诺:适度地调整好学校治理对学校表现的影响

Jurnal Ekonomi Modernisasi Pub Date : 2022-03-31 DOI: 10.21067/jem.v18i1.6535

Iin Novitasari, Rosidi Rosidi, Umi Muawanah

{"title":"Komitmen pimpinan sebagai moderasi pengaruh good school governance terhadap kinerja sekolah","authors":"Iin Novitasari, Rosidi Rosidi, Umi Muawanah","doi":"10.21067/jem.v18i1.6535","DOIUrl":"https://doi.org/10.21067/jem.v18i1.6535","url":null,"abstract":"This study aims to analyze the effect of Good School Governance on school performance, analyze the effect of leadership commitment on school performance and the moderating role of leadership commitment on the effect of good school governance on school performance. The research approach uses quantitative methods, the research sample of the principals of Kindergarten institutions in Turen District, Malang Regency as many as 46 respondents. The analytical method used is Moderated Regression Analysis (MRA). The research findings indicate that Good School Governance has a significant influence on school performance, leadership commitment has a significant influence on school performance, the interaction of leadership commitment and Good School Governance has a significant influence on school performance. In terms of managerial implications, the practice of Good School Governance is positively related to school performance and leadership commitment as a moderating variable in an effort to improve school performance and quality. In particular, the commitment of the leadership as a manager, as a leader and the right decision maker to achieve a goal that must be developed and improved.","PeriodicalId":31068,"journal":{"name":"Jurnal Ekonomi Modernisasi","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42410732","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}

引用次数: 0

Stock return during Pandemic Covid 19: a comparison between Indonesia and Singapore stock market 新冠肺炎疫情期间的股票回报率：印度尼西亚和新加坡股市的比较

Jurnal Ekonomi Modernisasi Pub Date : 2022-03-31 DOI: 10.21067/jem.v18i1.6436

Romieo Romieo, Hesniati Hesniati, Robin Robin

引用次数: 2

Penilaian returns investasi saham dengan Augmented Three Factor model pada kondisi political uncertainty di Indonesia 印尼政治不确定性条件下股票投资收益的增强三因子模型评估

Jurnal Ekonomi Modernisasi Pub Date : 2022-03-31 DOI: 10.21067/jem.v18i1.6601

Rika Rahayu, Mar’atus Zahro

{"title":"Penilaian returns investasi saham dengan Augmented Three Factor model pada kondisi political uncertainty di Indonesia","authors":"Rika Rahayu, Mar’atus Zahro","doi":"10.21067/jem.v18i1.6601","DOIUrl":"https://doi.org/10.21067/jem.v18i1.6601","url":null,"abstract":"This study aims to analyze the market factor portfolio beta, small minus big portfolio beta, high minus low portfolio beta, market volatility beta portfolio effect on investment returns with the Fama and French augmented three factor model in the manufacturing industry under conditions of political uncertainty. This research is a quantitative research with the hypothesis that there is an effect of market factor portfolio beta, small minus big portfolio beta, high minus low beta portfolio, market volatility beta portfolio on investment returns with the Fama and French augmented three factor model in the manufacturing industry under political conditions uncertainty. The variables used in this study include the dependent variable, namely investment returns and the independent variables include market factor portfolio beta, small minus big beta portfolio, high minus low portfolio beta, market volatility portfolio beta. The measurement results with small minus big and market volatility have an effect on stock returns, while high minus low and market factors have no effect on investment returns. This study only focuses on the assessment of investment returns with the augmented three factor model of the Fama and French models, so for future researchers it would be better if they could use another model as a comparison.","PeriodicalId":31068,"journal":{"name":"Jurnal Ekonomi Modernisasi","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47668277","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}

引用次数: 0

Harga saham ditinjau dari intellectual capital dan competitive advantage: Studi pada perusahaan otomotif dan komponen terdaftar di Bursa Efek Indonesia 知识资本和竞争优势支撑的股价：对在印尼证券交易所注册的汽车公司和零部件的研究

Jurnal Ekonomi Modernisasi Pub Date : 2022-03-31 DOI: 10.21067/jem.v18i1.6611

Nindia Destiani Aska, Augustina Kurniasih

{"title":"Harga saham ditinjau dari intellectual capital dan competitive advantage: Studi pada perusahaan otomotif dan komponen terdaftar di Bursa Efek Indonesia","authors":"Nindia Destiani Aska, Augustina Kurniasih","doi":"10.21067/jem.v18i1.6611","DOIUrl":"https://doi.org/10.21067/jem.v18i1.6611","url":null,"abstract":"The research aims to analyze the effect of intellectual capital consisting of Value Added Capital Employee (VACA), Value Added Human Capital (VAHU), Structural Capital Value Added (STVA) and competitive advantage on stock prices. The population in this study are all automotive and component sub-sector companies listed on the Indonesia Stock Exchange in 2021. The research data is secondary data with an observation period of 4 years. The sampling method used is purposive sampling, where from all automotive and component companies listed on the IDX, 12 companies are taken that publish financial statements and earn profits continuously for the 2016-2019 period. The data analysis method used is panel data regression then selected model is Random Effect Model. The results of this study can be concluded that stock prices can be explained or influenced by the variabels VACA, VAHU, STVA and competitive advantage of 40,95%, while the remaining amount is explained or influenced by other variabels outside the model. The results of this study partially VACA and competitive advantage have no effect on stock prices, VAHU has a positive and significant effect on stock price, STVA has a negative and significant effect on stock price.","PeriodicalId":31068,"journal":{"name":"Jurnal Ekonomi Modernisasi","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44538379","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}

引用次数: 0

Peran healthy lifestyle dan advertising intrusiveness terhadap repurchase intention mie instan Lemonilo 健康的生活方式和广告的侵入性，使人们有了购买意愿

Jurnal Ekonomi Modernisasi Pub Date : 2022-03-31 DOI: 10.21067/jem.v18i1.6451

Ida Nur Fitriana, Mega Mirasaputri Cahyanti

引用次数: 0

Pengaruh Leverage, Capital Intensity, dan Corporate Social Responsibility terhadap agresivitas pajak 杠杆率、资本密集度和企业社会责任与积极进取的关系

Jurnal Ekonomi Modernisasi Pub Date : 2022-03-31 DOI: 10.21067/jem.v18i1.6260

Sebastian Soelistiono, Priyo Hari Adi

{"title":"Pengaruh Leverage, Capital Intensity, dan Corporate Social Responsibility terhadap agresivitas pajak","authors":"Sebastian Soelistiono, Priyo Hari Adi","doi":"10.21067/jem.v18i1.6260","DOIUrl":"https://doi.org/10.21067/jem.v18i1.6260","url":null,"abstract":"Tax aggressiveness is the company's effort to reduce the tax burden. The decrease in tax is due to differences in opinion between the company and the government. Corporate tax aggressiveness can be caused by leverage, capital intensity, and corporate social responsibility. This study aims to determine the effect of leverage, capital intensity, and corporate social responsibility on tax aggressiveness. The research was conducted on mining companies listed on the Indonesia Stock Exchange (IDX). There are 19 companies as the research sample with a total of 57 data. The analytical technique used in this research is multiple linear regression analysis. The results showed that leverage did not affect tax aggressiveness, due to the use of debt and commitment to creditors. Capital intensity has a significant effect on tax aggressiveness, because mining companies consider the costs and benefits of investing in fixed assets. Corporate social responsibility also has a significant effect on tax aggressiveness, because the goal is to improve the impact of activities accompanied by a reduction in the amount of mining company taxes. Related to further research, it can increase the research period to expand sample selection and use ISO 26000 as a proxy for corporate social responsibility.","PeriodicalId":31068,"journal":{"name":"Jurnal Ekonomi Modernisasi","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48590841","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}

引用次数: 1

Stewardship Theory di antara hubungan corporate risk, kompensasi eksekutif, karakteristik eksekutif, dan kepemilikan saham pemerintah terhadap tax avoidance 公司风险关系、高管薪酬、高管特征与政府持股避税之间的管理理论

Jurnal Ekonomi Modernisasi Pub Date : 2022-03-31 DOI: 10.21067/jem.v18i1.6575

Rahmad Efendi, Umi Muawanah, Kohar Adi Setia

{"title":"Stewardship Theory di antara hubungan corporate risk, kompensasi eksekutif, karakteristik eksekutif, dan kepemilikan saham pemerintah terhadap tax avoidance","authors":"Rahmad Efendi, Umi Muawanah, Kohar Adi Setia","doi":"10.21067/jem.v18i1.6575","DOIUrl":"https://doi.org/10.21067/jem.v18i1.6575","url":null,"abstract":"This research expected to understand the effect of corporate risk as measured by the standard deviation of EBITDA divided by total assets, executive compensation, executive characteristics as proxied by age and executive education and government share ownership on tax avoidance (ETR). The research sample of state-owned enterprises found on the official website bumn.go.id, was selected using the purposive sampling method, and 31 state-owned enterprises were obtained as observation data that met the sample criteria. The analysis to examine the effect of each independent variable on the dependent uses Multiple Regression. The results of the study state that corporate risk has a significant influence on tax avoidance, however, the results of this research are different when the researcher tries to exclude state-owned companies that are subject to final income tax from the research sample. From the results of this study, it was found that corporate risk has no effect on tax avoidance. executive compensation, executive characteristics of government share ownership have no effect on tax avoidance. Further research can use financial ratios, company age or other proxies that may affect tax avoidance. In addition, future researchers are expected to use private companies as a comparison of tax avoidance practices.","PeriodicalId":31068,"journal":{"name":"Jurnal Ekonomi Modernisasi","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46167906","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}

引用次数: 1

Bagaimana konflik pekerjaan-keluarga dapat membahayakan kinerja? Integrasi Conservation of Resources Theory 家庭之间的冲突如何会影响表现？积分资源守恒理论

Jurnal Ekonomi Modernisasi Pub Date : 2022-03-31 DOI: 10.21067/jem.v18i1.6343

Ikhsan Maksum, N. Fikriah, Agus Iqbal Hawabi

引用次数: 0

Modeling the returns volatility of Indonesian stock indices: The case of SRI-KEHATI and LQ45 印尼股指收益波动性建模——以SRI-KEHATI和LQ45为例

Jurnal Ekonomi Modernisasi Pub Date : 2022-03-31 DOI: 10.21067/jem.v18i1.6411

Regi Muzio Ponziani

{"title":"Modeling the returns volatility of Indonesian stock indices: The case of SRI-KEHATI and LQ45","authors":"Regi Muzio Ponziani","doi":"10.21067/jem.v18i1.6411","DOIUrl":"https://doi.org/10.21067/jem.v18i1.6411","url":null,"abstract":"The purpose of this research is to model the volatility of Stock Indices in Indonesian capital market. This research focuses on two stock indices namely SRI-KEHATI and LQ45. SRI_KEHATI is a stock index that consists of companies whose operations are sustainable and environmentally friendly. This stock index is also known as â€œgreen indexâ€ due to its environment and sustainability concern. This is the novelty of this research that fills in the gap in the literature in which not much known regarding this green index. As the comparison, LQ45 stock index was modeled. The data used in this model were daily returns data of both index. The research period extended from 2 January 2019 to 1 November 2021. The research employed four models i.e. ARCH (1), ARCH (2), GARCH (1,1) and GJR-GARCH (1,1) for both indices returns. The ARCH and GARCH model were employed to capture the conditional variance of the indices return, while GJR-GARCH was specifically chosen to investigate whether there exists asymmetric effect in which return reacts more to bad news than good news. Akaike Information Criterion (AIC) and Schwarz Information Criterion (SIC) were chosen as the parameters for choosing the best models. Data analysis showed that GJR-GARCH was the best model for modeling the returns volatility of SRI-KEHATI and LQ45. This model was able to capture the essential property of asymmetric effect present in both models. The second best model was ARCH (2). Apparently, returns variance of Indonesian stock indices are affected more by lagged residuals. The limitation of this research lies in its research period that covered both pre-pandemic and post-pandemic period. Stock market behavior might be very different between these two periods. Future research may endeavor to investigate how the volatility of stock differs between pre-pandemic and post-pandemic period.","PeriodicalId":31068,"journal":{"name":"Jurnal Ekonomi Modernisasi","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42356506","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}

引用次数: 2