Rescollacomm (E-Journals)
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Does Environmental Cost and Tax Aggressiveness Affect Minings Firm Value?
Get PDFEnvironmental problems caused by companies still occur in various countries. The environment that should be protected is still being ignored by surrounding companies. Even though it is clear in Indonesian Law, UU No. 40 2007 that all companies especially who are directly related to nature, are required to carry out environmental responsibility. Mining companies are companies whose business activities are directly related to nature, so the mining sector is obliged to carry out this responsibility. Environmental cost are cost incurred to environmental damage and environmental protection from company activities. The environmental cost will affect the good image of the company which will affect the firm value. Tax aggressiveness is an act of tax avoidance which is conducted aggressively and it’s also affect the firm value, these must be considered because the value of the company is one of the important information for stakeholders. The purpose of this research is to determine the effect of environmental cost and tax aggressiveness on firm value. The sample method used in this reseacrh is purposive sampling and obtained 80 financial statements from 20 mining companies listed on the Indonesian stock exchange for the 2018-2021 period. Based on the results of the research, partially that environmental cost have a significant positive effect on firm value, tax aggressiveness has no significant effect on firm value and simultaneously environmental cost and tax aggressiveness affect the value of mining companies listed on the Indonesian stock exchange for the 2018-2021 period
Investment Portfolio Optimization Using Black-Litterman Model in Smart Carbon Economy Transition
Get PDFAn optimal investment portfolio needs to be formed before an investor invests because it can help investors determine which financial instruments are suitable to choose in order to get the maximum return or profit and the minimum level of risk. In the current situation, where there is an economic transition to a smart carbon economy or low carbon economy, it is necessary to form the optimal portfolio of stocks to facilitate investors in making investments. The purpose of this study is to form the optimal investment portfolio using the Black-Litterman model in a smart carbon economy. The data used is stock data from 24 companies listed on the LQ45 Low Carbon Leaders index for the period 2022-2023. Based on the research results, the Black-Litterman model generates the optimal portfolio with a 0.1% expected return. Thus, the optimal portfolio results with the Black-Litterman model are estimated to generate a profit of 0.1% for smart carbon stock data listed on the LQ45 Low Carbon Leaders index for the 2022-2023 period
The Impact of Lending Growth and Financial Statistics on Bank Profitability : The Moderating Role of Credit Risk
Get PDFThe purpose of this study was to examine the effect of Lending Growth, BOPO, and CAR on Banking ROA with NPL as a moderating variable. The problem contained in this study is that there is a gap between the value of theory and the value of real practice based on the factors that create variations in ROA value. Indonesian banking companies for the period 2018-2022 published on the IDX website are used as the research population in this study. Selection of research samples through purposive sampling to obtain 19 companies. Panel Data Regression Analysis is a data analysis process that processes data using the Eviews 12 program. The level of loan, BOPO, and CAR are assumed to have an effect on bank profitability in this analysis. The effect of credit risk ratio amplifies the impact on the level of lending, BOPO, and CAR on profitability. The results of data analysis contain the statement that bank profitability can be influenced by lending and BOPO, but cannot be influenced by CAR. Similarly, the role of credit risk cannot moderate the effect of CAR on ROA but can weaken the effect of lending and BOPO on bank ROA
Effect of Structural Alignment on Performance of Selected Micro Finance Institutions in Meru County, Kenya
Get PDFOne of the most significant challenges affecting the financial sector pertains to issues such as loan non-repayment, a weak legal framework, and ineffective strategies for lender recourse and bad debt recovery. This has particularly impacted microfinance institutions, leading to Non-Performing Loans (NPLs) that diminish profits through credit losses and direct write-offs for loans turning into bad debts, ultimately reducing the funds available for lending. These challenges have posed a serious threat to the stability and survival of some Microfinance institutions in Kenya. Recognizing this gap, the research delved into exploring the effect of structural alignment on the performance of selected microfinance institutions in Meru County Kenya. Employing a descriptive research design, the study targeted 530 individuals comprising of Senior Managers, Tellers/Field Officers, and Customers of the ten selected Microfinance institutions within Meru County. Using Cochran (1977) formula as adopted by Chaokromthong and Sintao (2021) the study came up with a sample size of 223 respondents who were selected randomly to participate in the survey. Primary data was collected using questionnaires, and the semi-structured instrument was pilot-tested by 20 staff from Key Microfinance. The questionnaires were delivered to the respondents\u27 workplaces and subsequently collected for analysis, which involved both descriptive and inferential statistical methods. The study\u27s findings were presented through tables, figures, and qualitative discussions for analysis
Analysis Volatility Spillover of Stock Index in ASEAN (Case Study: Indonesia, Singapore, Malaysia)
Get PDFEvery country has its own income, including ASEAN countries such as Indonesia, Singapore, and Malaysia. One source of national income can come from stocks, which can be measured by the stock index. The income of each country depends on each other and can be influenced by a phenomenon, such as the Covid-19 pandemic. The Covid-19 pandemic can also cause volatility spillover. This research aims to analyze volatility spillover in ASEAN countries (Indonesia, Singapore, and Malaysia) before and during Covid-19 by looking at the effects of asymmetric volatility. Volatility spillover testing in this study uses the Exponential Generalized Autoregressive Conditional Heteroscedasticity (EGARCH) model, starting with creating a time series model and then modeling the residuals from that model, then finding the estimated parameter results of asymmetric volatility effects. The results of this study indicate that during the period before Covid-19, there is volatility spillover for Indonesia and Malaysia. Then, during the Covid-19 period, there is volatility spillover for Indonesia and Malaysia, for Indonesia and Singapore, and for Singapore and Malaysia
Based Stock Valuation Analysis on Fuzzy Logic for Investment Selection (Case Study: PT. XL Axiata Tbk. and PT. Telkom Indonesia Tbk.)
No full textThe stock value of a company fluctuates with capital market conditions, requiring investors to consider various factors for precise investment decisions. Stock valuation determines the fair price of a company\u27s stock, guiding buying and selling transactions. This research uses Discounted Cash Flow (DCF), Price to Earnings (P/E), and Enterprise Value to EBITDA (EV/EBITDA) to ascertain fair stock prices, integrating results with Mamdani fuzzy logic to determine investment weights. The result of this research is that both EXCL and TLKM hold significant weight in the investment portfolio with TLKM has slightly higher stock weight than EXCL. This suggests TLKM offers more potential for profitable future investments. Investors can use these results in portfolio management for investment selectio
The Impact of Smartphone Use on the Psychology of Young Children in Parungponteng District
Get PDFThis research aims to analyze the impact of gadget use on the psychological development of elementary school-aged children at Cibuntu Elementary School, Cibungur Village, Parungponteng District. The research method used is a qualitative approach using observation, questionnaires and interviews as data collection techniques. The research results show that the use of gadgets has both positive and negative impacts on children\u27s psychological development. Positive impacts include improved cognitive skills and access to information, while negative impacts include the risk of addiction and behavioral disorders. The role of parents and schools in supervising and directing gadget use is very important to minimize negative impacts. This research provides a comprehensive picture of the complexity of the interaction between technology and child development
Exploring the Impact of Traditional Games on Children\u27s Motor Skills Development: A Literature Review
Get PDFThis study explores the potential of traditional games in enhancing children\u27s motor skills, focusing on eye-hand-foot coordination. Through a comprehensive literature review, various traditional games were identified, including Boy-Boyan, Fireball, Lato-lato, Blowgun, Sipak Rago, Post Box, Gatrik, Throwing Bananas, Stilts, Clogs, Spinning Top, Throw the Can, Marbles, Clap Stick, Sorolok Rifle, Bekel Ball, Kite, Chicken Feather Football, Angklek, and Pleto. Each game involves different coordination aspects, contributing to the development of children\u27s motor skills. This study highlights the importance of preserving traditional games as cultural heritage and promoting their role in children\u27s physical development
Using a Storybook and the Four Resources Model to Foster Critical Literacy in an English as a Foreign Language Classroom
Get PDFThe ideology and social-political viewpoints of the author have an impact on their texts. Students should thus assess their reading and writing assignments from several angles and avoid taking any material at face value. However, there is still a lack of literacy practice in the EFL environment that goes beyond breaking down linguistic elements and comprehending the surface material of the texts. As a result, educators should switch from conventional literacy to critical literacy. Beyond just decoding words, critical literacy interprets them in light of their context to conclude the social, political, and ideological viewpoints expressed in the text. This research aims to determine if using a storybook and the four resources model of critical literacy may help first- semester students in the English Language Education Study Program at Universitas Bale Bandung practice critical literacy. The four resources model suggested by Luke and Freebody (1999) served as the foundation for the text discussions. Focus group interviews, classroom observations, and notebooks they kept while researching a tale were all used to gather the data. The results demonstrated that including an account and four resources help pupils strengthen their critical thinking skills. Through breaking codes exercises, discussion of the storybook during the meaning-making stage, comprehension of the story\u27s structural elements and social function during the text-use phase, and critical discussion of the storybook, the students could identify the writer\u27s language choice and challenge social norms. Despite its drawbacks and limitations, this research shows that critical literacy practice is feasible in EFL contexts, particularly in reading classroom
The Rate of Modelling the Change of Hydrodynamic Components and Ecosystem Degradation due to the Existence of Coastal Reclamation Research in 2012-2022
Get PDFReclamation is defined as an action made to increase the use of land resources while considering environmental and socioeconomic factors, such as landfilling and land drainage. Unfortunately, as man-made structures in the waters, coastal reclamation has the potential to significantly caused a disruption towards nature processes. This research aims to examine the pace of inquiry into the negative effects of coastal reclamation. The search was conducted using Publish or Perish Software, which was used to choose data sources in the form of Google Scholar from 2012-2022, and we applied a systematic Literature Review method. Identification and evaluation were carried out using two types of software such as Publish or Perish and VOSviewer. This research showed that China and India are the most frequent countries to be chosen as the area of interest related to this topic due to their experiences in handling a lot of coastal reclamations in their territorial. Mean-while, other countries such as Indonesia, Singapore, Malaysia, Philippines and some Europe Countries counted as the low rate areas for this type of publication even though they had a huge number of similar projects