{"title":"Analysis of Method Used to Predict Financial Distress Potential in Pulp and Paper Companies of Indonesia","authors":"Fadrul Fadrul, R. Ridawati","doi":"10.37385/ijedr.v1i1.29","DOIUrl":"https://doi.org/10.37385/ijedr.v1i1.29","url":null,"abstract":"This study aims to predict financial distress in pulp and paper companies in Indonesia. The data used are the financial statements of each pul and paper company listed on the Indonesia Stock Exchange in 2012-2017. \u0000Data analysis techniques used descriptive analysis with three methods of financial distress prediction, namely the Altman Z-Score, Springate, and Zmijewski methods. The results showed that the Zmijewski method is a prediction method with the highest accuracy rate of 100%, with an error type of 0%. The Altman Z-Score method has an accuracy rate of 28.6%, with an error type of 71.4%. \u0000While the Springate method has an accuracy rate of 14.3%, with an error type of 85.7%. Therefore an accurate prediction method to predict the potential for financial distress is the Zmijewski method.","PeriodicalId":361475,"journal":{"name":"International Journal of Economics Development Research (IJEDR)","volume":"316 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122803972","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":"Integrated Model To Analyze FDI Role In Success of Commercialization of High-Tech Innovations in Asia","authors":"Sarli Rahman, Andi Oh","doi":"10.37385/ijedr.v1i1.28","DOIUrl":"https://doi.org/10.37385/ijedr.v1i1.28","url":null,"abstract":"This study aims to analyze the role of FDI in the success of commercialization high tech innovation in Asia countries. The success was marked by the increasing contribution from Asia countries to the export value of high tech products in the world. \u0000 From 49 sovereign countries in Asia, 21 countries have been selected as research samples. The result SEM analysis shows that FDI inflows to Asia countries generally pure investment from multinational companies to gain profits from the low cost of production factor in Asia, therefore increase their profit margin. \u0000 In other words, FDI in Asia countries only increase production quantity of high tech products without increasing innovation activity in the countries, which innovation activity can be measured by R&D expenditure, number of resident patent application and number of scientific journals international publication.","PeriodicalId":361475,"journal":{"name":"International Journal of Economics Development Research (IJEDR)","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134552386","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}
Restu Hayati, Mimelientesa Irman, Lintang Nur Agia
{"title":"Sell in May and Go Away or Just Another January Effect? Studied of Anomaly in Indonesia Stock Exchange","authors":"Restu Hayati, Mimelientesa Irman, Lintang Nur Agia","doi":"10.37385/ijedr.v1i1.27","DOIUrl":"https://doi.org/10.37385/ijedr.v1i1.27","url":null,"abstract":"Sell in May and go away is a phenomenon of return anomaly that starts in May and lasts until October. These months are called the worst months of stocks. Conversely, the months of November to April are often referred to as the best months of the stock where a higher rate of return is achieved throughout the year. Although it has not been proven academically, this phenomenon has been mentioned by various media in Indonesia such as Kontan, CNN Indonesia, and Tempo Business which are predicted to correct the JCI throughout 2017. \u0000 The purpose of this study is to prove the phenomenon of sell in May and go away on the Indonesia Stock Exchange, and find out whether the average best return of the month is affected by the high return in January. \u0000 The results prove that even though the average returns increase in November-April was due to the high return in January, but there was no sell in May and go away on the Indonesia Stock Exchange. Under these conditions, the direction of the relationship between risk and return is the opposite that directs the Indonesia Stock Exchange to the efficient market hypothesis.","PeriodicalId":361475,"journal":{"name":"International Journal of Economics Development Research (IJEDR)","volume":"571 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129542755","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":"Economic Transformation: The New Spiritual Leadership Model In Blimbingsari Village Jembrana Bali","authors":"W. Junaedi, Dermawan Waruwu","doi":"10.37385/ijedr.v1i1.23","DOIUrl":"https://doi.org/10.37385/ijedr.v1i1.23","url":null,"abstract":"A spiritual leader can appear in any situation. It can not be just a genetic theory that allows a person to be a spiritual leader but is supported by social theory and ecological theory. In addition to the above theory, there is one more the most fundamental theory of the emergence of a spiritual leader of Divine theory. \u0000 The aim of this study is to identify the meaning of spiritual leadership in Blimbingsari Village, to identify the principle of spiritual leadership in Blimbingsari Village, and to analyze what does the spiritual Leader do to the economic transformation of Blimbingsari village. \u0000 The methodology used is qualitative with data collection techniques are participant observation or participatory nature of direct involvement, interview, literature review, case study, and documentation. \u0000 Village leaders Blimbingsari always increase leadership capacity through the intervention of the factors of spiritual values, work ethics, social capital, and entrepreneurial factors. These factors are growing in the middle of the village of Blimbingsari understood as a pattern of beliefs, values, and behaviors and leaders as agents of change do the role and relationship with the community intensive because it is influenced by historical trends, social attitudes, and socioeconomic factors.","PeriodicalId":361475,"journal":{"name":"International Journal of Economics Development Research (IJEDR)","volume":"114 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121426481","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}