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Characteristics Affecting Creative Business Income of Leading Subsector Economies in Java
Get PDFThis study aimed to fill the literature gap on companies’ characteristics, focusing on the effects of entrepreneurs and business characteristics on the companies’ income. The companies chosen are the ones in the leading subsector, particularly the case in Java. This study also analyzed which characteristics of entrepreneurs and businesses affected income in the creative industry. The method used in this study was multiple linear regression and standardized beta test, with cross-sectional data taken from the specific survey in creative economy issued by BPS and BEKRAF in 2016. The unit of analysis comprises 822 companies in the leading subsector of the creative industry in Java. The results showed that all of the characteristics of entrepreneurs and businesses had significant and positive effects on the company’s income. The factors that affected company income are Intellectual Property Rights (IPR) ownerships and the business’s legal status. The primary factor affecting the income was the number of workers. Meanwhile, for each provincial level in Java, it showed that the number of workers, internet use, and the ownerships of IPR had significant and positive effects, while the IPR ownerships had a substantial magnitude in four provincial levels in Java
NILAI EKONOMI MUSEUM ULLEN SENTALU DENGAN TRAVEL COST DAN CONTINGENT VALUATION METHOD TAHUN 2012
No full textThis research combined the travel cost method and contingent valuation method to estimate the economic value of Museum of Culture and Art Ullen Sentalu, Yogyakarta. Currently Museum Ullen Sentalu is enhancing its popularity through the increase of the number and quality of its facilities and developing new concept of museum (living museum) to enhance the tourism attraction. To conduct the research, the travel cost method was applied by using the count data regression, and the contingent vauluation method was applied by using the ordinary least square.The visitors� reaction to the ticket price enhancement as the implication of the increase of museums� quality was also observed.
Based on the analysis result, the economic value of Museum Ullen Sentalu using the travel cost method was ranged for Rp4.325.031.904,00 - Rp18.844.810.920,00. Meanwhile the willingness to pay value by using the contigent valuation method was ranged for Rp179.785.000,00 - Rp1.797.850.000,00. Factors that significantly affect the number of visits to the museum were travel cost, income, age, and the visitor�s perception about the environment quality of the museum. However, the visitors reacted positively to the ticket price enhancement assumption, only if there is enhancement of its facilities and accessibility of the museu
Pengaruh saluran udara tegangan tinggi terhadap nilai rumah tinggal tahun 2002-2007 :: Studi pada perumahan Harapan Kita, Kabupaten Tangerang
No full textANALISIS PENENTUAN NILAI PASAR WAJAR SAHAM PT. BANK DANAMON INDONESIA Tbk. PASCA KEBIJAKAN RIGHT ISSUE 31 DESEMBER 2012
No full textThis study has the objective is to estimate the intrinsic value of the shares of
Bank Danamon Indonesia Tbk. policy post-rights issue by using the income
approach is to apply the method of discounted cash flows (discounted cash flow)
to the model to the company's free cash flow (free cash flow to the firm) and
market approach (relative valuation). The data used consists of financial
statements of Bank Danamon Indonesia Tbk. past three years from 2009 through
2011. Discounted cash flow method of analysis is done by: projection of financial
statements (balance sheet and income statement), the projected free cash flow to
firm (FCFF), determination of the discount rate, the determination of terminal
value, and determining the estimated value of the company.
Analysis of the market approach (relative valuation) begins with a search
for comparable companies in similar lines of business, choose and assign the
appropriate multiple or ratio of comparable companies. This multiple is used to
convert the book value of the relevant variables of Bank Danamon Indonesia Tbk.
be the estimated market value. Multiple used is: PER (Price Earnings Ratio), PBV
(Price to Book Value), and P/S (Price to SalesRatio).
The results using the discounted cash flow estimate of intrinsic value of
shares acquired Bank Danamon Indonesia Tbk. per December 31, 2012 amounted
to Rp6.269,85 while the estimated value of the shares based on relative valuation
is Rp4.694,11 In this study, the reconciliation of the estimated intrinsic value or
fair value of the shares of Bank Danamon Indonesia Tbk. determined by giving
equal weight between the two approaches so that the obtained value of
Rp5.481,9
ANALISIS PERBANKAN SYARIAHINDONESIA TAHUN 2010-2013 PENDEKATAN STRUCTURE, CONDUCT AND PERFORMANCE DAN RELATIVE EFFICIENCY
No full textThis study aims to analyze the Indonesian Islamic banking in 2010-2013
using Structure-Conduct-Performance and Relative Efficiency approach. To see
the impact of market structure on the performance of Indonesian Islamic banking
industry, this study uses a model of Michael Smirlock that has been modified and
adjusted with other variables. In the study we used a panel data analysis with a
cross section of 10 from 11 Indonesian Islamic banks and time series data from
2010 Q2 to 2013 Q3. The estimation results indicate that this study does not
support the SCP hypothesis with the finding of a negative and significant effect
between market concentration (CR) against profitability (ROE). This proves that
the Indonesian Islamic banking industry is not concentrated in the two largest
banks. Meanwhile , the market share (MS) has a positive and significant effect on
profitability (ROE) as a proxy for performance. This indicates that the Indonesian
Islamic banking industry supports the Relative Efficiency hypothesis. Positive
coefficient shows that the market share of Indonesian Islamic banks run
efficiently. There is a negative and significant effect between NIM and ROA with
ROE also positive but not significant effect between GDPK the ROEvariables.
Keyword: SCP theory, relative efficiency theory, panel data, islamic banking,
profitability
ANALISIS RESPON VARIABEL PASAR KEUANGAN INDONESIA TERHADAP SHOCK BI RATE DAN VARIABEL MAKROEKONOMI 2009:1-2013:12
No full textThis study purpose to analyze IHSG and Yiels SUN response to BI Rate, GDP, CPI and Riil Exchange Rate shock. In addition, this study also purpose to analyze IHSG and Yield SUN contribution to explaining variability of Bi Rate and analyze GDP, CPI Riil Exchange Rate contribution to explaining variability of IHSG and Yield SUN. This study using an analysis tool is VECM. The data used are monthly data with observational data 2009:1 to 2013:12.
Results of Impulse response function indicates that the monetary contraction through increasing BI Rate will positive response by Yield SUN, while on stock market increasing BI Rate will negative response by IHSG. Shock occurs on GDP responded negative by IHSG and Yield SUN. Shock occurs on riil exchange rate will responded positive by Yield SUN and responded negative by IHSG. Shock of CPI equally positive response by IHSG and Yield SUN.
Based on the analysis of variance decomposition BI Rate. In the first model, the contribution SUN yield the most in explaining the variation in the BI Rate. Model of the stock market, the BI rate variation is explained by owneffect. While the BI Rate respected contribution in explaining the variability of financial markets just happened in the stock market (IHSG)
Based on the analysis of variance decomposition Yield SUN and IHSG. Variation of Yield SUN most explained by owneffect and CPI. While variation IHSG explained by BI Rate and own effect and macroeconomic variables do not giving contribution.
Keyword: BI Rate, IHSDG, Yield SUN, Impulse Response Function, Forecast Error Variance Decompositio
ANALISIS INTERAKSI ANTARA NILAI EMISI SUKUK DENGAN NILAI EMISI OBLIGASI, NILAI EMISI SAHAM, BI-RATE, IHSG, DAN INFLASI DI INDONESIA 2010:01 � 2013:03
No full textThis research is aimed to analyze the interaction between the value of sukuk
(Islamic bonds) at issuance and value of obligation and stock at issuance,
Indonesian Composite Index (IHSG), BI rate, and inflation rate in Indonesia. As
one of the variables, value of sukuk issue, a product of sharia capital market, will be
analyzed for its relation with value of obligation and stock issues as conventional
products of capital market, with IHSG as an economic indicator, and with BI-rate
and inflation as the money market instrument of Indonesia. The research uses
secondary data in the form of value of sukuk at issuance (SUK), value of obligation
issue (OBL), value of stock issue (SAH), IHSG, BI-Rate (BIR), and Inflation (INF)
in Indonesia during 2010:01-2013:03 period.
This research employs VAR-VECM model for analysis. The results of
statistical hypothesis tests are as follows: 1) There is a long-term and short-term
relationship found between value of sukuk at issuance and value of stock at
issuance, IHSG, BI-Rate and inflation, while there is only a short-term relationship
found between value of sukuk issue and value of obligation issue 2) In
short-term, BI-Rate and inflation variables have dominant and significant impact to
the value of sukuk issue. Meanwhile, in long-term, IHSG strongly influences value
of sukuk at issuance, followed by BI-rate.
The result of Impulse Response Function (IRF) shows positive response of
value of sukuk issue resulted from the shocks of value of obligation issue, value of
stock issue, and inflation rate. In the other hand, the negative response of value of
sukuk issue resulted from the shocks of IHSG and BI-Rate. Based on estimation
results of Variance Decomposition (VD) in VECM, the variables which strongly
contribute or influence the value of sukuk issue based on order from the strongest to
weakest impacts are as follows: the value of sukuk issue itself, inflation rate, value
of obligation issue, IHSG, BI-Rate, and value of stock issue
Determinan Permintaan Perumahan Bersubsidi di Kabupaten Karanganyar Tahun 2011
No full textHouse is representing requirement of human being base besides food and
clothing. In its growth in the reality house also represent interesting invesment
alternative on the chance of capital gain in the future.. Area housing of subsidiy of
Karanganyar region represent one of the correct choice alternative to cultivation
of invesment in housing area, either from price facet, facility, freshment, location
which located in Karanganyar region can fulfill requirement of modern society of
house besides for residence also for habitable.. This research has aim to to analyse
factors which influencing request of housing specially type of subsidy at
Karanganyar region.
Analysis for this research is using doubled linear regression. This Research
responder is dweller of housing subsidy of Karanganyar region. Based on result of
analysis indicate that price, locatio, substitution price and earnings have an effect
on to decision of purchasing of house, whereas fasility and environment have not
an effect on to decision of purchasing of house. Testing the coefficient of
determination is known that 64.2 percent of the variation that occurs in the
purchase decision variables jointly influenced by the perception variable price,
amenities, location, environment, income and substitution rates. While the rest
equal to 35,8 percent influenced by other factors. Based on the result of this
research we got that subtitution price factor very having an effect on in purchasing
of house. Seen from level of coefficient influencing decision of purchasing of
subtitution price equal to 2,17
PENGARUH FAKTOR-FAKTOR PENGAMANAN BARANG MILIK DAERAH TERHADAP PENGAMANAN ASET TETAP PEMERINTAH KABUPATEN BENGKULU SELATAN
No full textThe research aims to analyze the upshot of goods owned local security
factors, including administration security toward physical, legal security, and the
influence of partially independent variable in securing fixed asset, jointly
independent variable as well as to identify policy strategy in terms of securing
fixed asset of Local Government of South Bengkulu.
Thus, analysis instrument used is scale of likert and Analytical hierarchy
process. Scale of likert is utilized to view perception of manager of goods owned
local in securing fixed asset, while analytical hierarchy process is to view policy
strategy considered the most crucial in securing local owned goods by Local
Government, where the respondent is from executive and legislative side.
The analysis technique, hence, used in the research is ordered regression
model with error distribution logistic.Therefore, the research shows that the
outcome of administration security toward physical, legal has jointly significant
and positive effect. Concerning on the outcome of partially independent variable
toward fixed asset security, the variable of physical security has the most
powerful toward fixed asset security possessed by Local Government of South
Bengkulu. Then, the effect of jointly independent variable toward fixed asset
security has significant and positive influence where administration, physical and
legal security provides 31,54% of the influence, while the rest of other value is
explained by other variable of 68,46%. Moreover, policy strategy considered the
most crucial by respondent is the administration security of
inventorying/recording and the settlement of ownership proof
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