1,720,958 research outputs found
Pengaruh Variabel Ekonomi Makro Terhadap Indeks Harga Saham DalamSistem Peringatan Dini (Studi Pada Lima Negara ASEAN)
Full text linkTujuan penelitian ini adalah untuk mengetahui variabel ekonomi makro (produk domestik bruto, inflasi, nilai tukar, suku bunga, cadangan devisa, transaksi berjalan, ekspor-impor), yang digunakan sebagai variabel independen yang berpengaruh signifikan terhadap indeks harga saham lima negara ASEAN (Indonesia, Malaysia, Filipina, Singapura, Thailand), yang kemudian digunakan untuk membentuk sistem peringatan dini (SPD) untuk setiap negara ASEAN. Penelitian ini juga mengidentifikasi sensitivitas negara-negara ASEAN terhadap perubahan variabel makro yang mempengaruhi indeks harga saham berdasarkan simulasi sistem peringatan dini.
Metode regresi berganda diterapkan pada data panel untuk menguji variabel makroekonomi yang memiliki pengaruh signifikan terhadap indeks harga saham sebagai variabel dependen. Variabel makroekonomi yang secara signifikan mempengaruhi indeks harga saham digunakan berdasarkan Sistem Peringatan Dini. Metode Markov Switching digunakan untuk menentukan ambang indeks harga saham lima negara ASEAN, di mana 0 adalah bearish dan 1 adalah bullish. Jika hasil perhitungan lebih rendah dari ambang, 0 (nol) diberikan, menunjukkan bahwa indeks harga saham adalah bearish, Jika hasil perhitungan lebih tinggi dari ambang, 1 (satu) diberikan, menunjukkan bahwa indeks harga saham adalah bullish. Metode Multiple Discriminant Analysis (MDA) digunakan untuk membentuk Sistem Peringatan Dini untuk setiap negara ASEAN-5, yang kemudian disimulasikan untuk melihat sensitivitas dan perilaku negara-negara ASEAN-5 terhadap indeks harga saham ketika variabel makroekonomi berubah. Metode Autoregressive Integrated Moving-Average (ARIMA) digunakan untuk menguji Sistem Peringatan Dini dan memprediksi indeks harga saham negara-negara ASEAN-5.
Hasil penelitian menunjukkan bahwa produk domestik bruto, inflasi, nilai tukar dan suku bunga berpengaruh signifikan terhadap indeks harga saham di lima negara ASEAN, namun cadangan devisa, rekening giro dan ekspor-impor tidak berpengaruh. Berdasarkan hasil simulasi, semua indeks harga saham negara-negara ASEAN-5 sensitif terhadap perubahan variabel makroekonomi (produk domestik bruto, inflasi, nilai tukar dan suku bunga).Hasil prediksi ARIMA menunjukkan bahwa indeks saham Indonesia, Filipina dan Thailand cenderung bullish sementara indeks saham Malaysia dan Singapura cenderung bearish
Struktur Kepemilikan dan Nilai Perusahaan pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia
Full text linkThis study aims to examine the effect of ownership structure on firm value with financial decisions and investment decisions as intervening variables. This study uses secondary data from financial reports. The population used in this study are manufacturing companies in the consumer goods sector which listed on Indonesian stock exchange 2013-2019 of 35 (thirty five) companies. While the research sample was taken using certain criteria.The number of samples obtained are 7 (seven) companies. Data processing techniques using smartPLS 3.0. The results state: 1) ownership structure has a significant effect on firm value, 2) ownership structure has a significant effect on funding decisions, 3) ownership structure has a significant effect on investment decisions, 4) funding decisions has a significant effect on firm value, 5) investment decisions has a significant effect on firm value, 6) funding decisions mediate the effect of ownership structure on firm value, 7) investment decisions mediate the effect of ownership structure on firm value. The limitation of the results of this study is that the results of this study cannot be generalized because the objects used are limited to manufacturing companies in the consumer goods sub-sector
The Model Disclosure of Islamic Social Reporting in Islamic Bank Indonesia
Full text linkObjectives: The purpose of this study is to analyze the determinants of the disclosure of Islamic Social Reporting in Islamic banks in IndonesiaMethodology: The population in this study are Islamic banks in Indonesia which amounted to 14 (fourteen) in total, while the sample used was 9 (nine) Islamic banks that have met the criteria, namely Islamic banks that have published financial reports, annual reports and corporate governance reports between the period of period 2015-2019.Finding: The results of this study indicate that compliance with sharia principles, duties and responsibilities of the sharia supervisory board have a significant positive effect on the disclosure of ISR whereas financial performance has no effect on the disclosure of ISR. Corporate governance has shown moderate effect of compliance sharia on the disclosure of ISR, while Corporate governance does not moderate effect of duties and responsibilities of sharia supervisory board on disclosure of ISR and Corporate governance moderate effect of financial performance on the disclosure of ISR.Conclusion: It is important for the Islamic banks in Indonesia to maintain compliance sharia principles, and to increase the role of sharia supervisory boards, financial performance and the implementation of corporate governance
Going Beyond Counting First Authors in Author Co-citation Analysis
Full text linkThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
The Comparative Measurement of Market Risk and the Capital Charge Through Internal Model Approach: An Empirical Studi on Indonesia State-Owned Bank 2015
Full text linkThe objective of the study is to measure the capital charged by Net Open Position (NOP) of the market risk state-owned bank using internal model approach. Market risk management is a part of crucial activities for foreign exchange bank, which these is very related with bank business processes to get profit. So that the bank faces market risk that could lead to further losses if market risk can not be handled properly, then the losses incurred can be fatal to the bank capital that could cause financial loss and the bankruptcy. The adequacy of bank capital can overcome market risk if the bank suffers losses.Measurement of capital charge from market risk through Value at Risk (VaR) using Historical Simulation, Variance-Covariance and Monte-Carlo Simulation method. These method measure the foreign exchange rate volatility within the Bank's Net Open Position (NOP) on Internal Model Approach. Furthermore test the accuracy of the results of VaR models by using backtesting. The result of this study shows if there is different result in measuring VaR and Capital Charge through Historical Simulation, Variance-Covariance and Monte-Carlo simulation method because every method has different approach. Based on the result, it can be shown that Monte-Carlo Simulation becomes the best measurement because it provides detail information and appropriate measurement. Keywords : Market Risk, Value at Risk, Capital Charg
Hubungan Pembiayaan Berkelanjutan dan Keterlibatan Pemangku Kepentingan Dalam Pengembangan Wisata Bahari
Full text linkPenelitian ini bertujuan untuk mengeksplorasi peran pembiayaan berkelanjutan dan keterlibatan pemangku kepentingan dalam mendorong kinerja ekonomi berkelanjutan; dan meningkatkan kesadaran terhadap dampak lingkungan dalam sektor pariwisata bahari. Penelitian dilakukan pada periode Januari hingga Maret 2024 di tiga destinasi utama di Indonesia: Raja Ampat, Bali, dan Pulau Pulau Komodo dengan pendekatan kuantitatif. Data primer dikumpulkan melalui kuesioner terstruktur kepada 167 responden, yang terdiri atas pelaku pariwisata, pembuat kebijakan, komunitas lokal, Lembaga Swadaya Masyarakat (LSM), dan akademisi. Responden dipilih secara purposive sesuai dengan keterlibatan mereka dalam isu pariwisata berkelanjutan. Analisis dilakukan dengan menggunakan metode Structural Equation Modeling (SEM) untuk menguji hubungan antara variabel kesiapan untuk mendukung, pembiayaan berkelanjutan, kinerja ekonomi, kesadaran dampak lingkungan, dan dukungan kebijakan. Hasil penelitian menunjukkan bahwa kesiapan untuk mendukung berpengaruh signifikan terhadap pembiayaan berkelanjutan, kinerja ekonomi, dan kesadaran lingkungan. Pembiayaan berkelanjutan lebih kuat memengaruhi kesadaran lingkungan dibandingkan kinerja ekonomi. Sementara itu, kesadaran lingkungan terbukti sebagai faktor utama yang meningkatkan dukungan terhadap kebijakan keberlanjutan. Temuan ini menegaskan bahwa keterlibatan pemangku kepentingan dan mekanisme pembiayaan yang berkelanjutan menjadi fondasi penting bagi pertumbuhan ekonomi jangka panjang dan kebijakan berbasis lingkungan dalam pengembangan pariwisata bahari di wilayah yang memiliki keanekaragaman hayati tinggi Pulau Komodo Pulau Komodo. Title: Relationship Between Sustainable Financing and Stakeholder Engagement in Marine Tourism DevelopmentThis study investigates the role of sustainable financing and stakeholder engagement in enhancing sustainable economic performance and raising awareness of environmental impacts within the marine tourism sector. The research was conducted between January and March 2024 across three prominent marine tourism destinations in Indonesia, namely Raja Ampat, Bali, and the Komodo Islands. Employing a quantitative approach, primary data were collected through structured questionnaires administered to 167 purposively selected respondents, including tourism operators, policymakers, local community members, representatives of non-governmental organisations (NGOs), and academics—each selected based on their involvement in sustainable tourism initiatives. Data were analysed using Structural Equation Modeling (SEM) to assess the relationships among key variables: readiness to support, sustainable financing, economic performance, environmental impact awareness, and policy support. The findings indicate that readiness to support exerts a significant positive influence on sustainable financing, economic performance, and environmental awareness. Moreover, sustainable financing has a stronger effect on raising environmental awareness than on enhancing economic performance. Environmental awareness, in turn, emerged as a critical determinant of support for sustainability-oriented policies. These results highlight that stakeholder engagement, together with well-structured sustainable financing mechanisms, forms a foundational basis for long-term economic development and environmentally responsible policymaking in marine tourism, particularly in biodiversity-rich areas such as the Komodo Islands
Variations on the Author
Full text link“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
Appropriate Similarity Measures for Author Cocitation Analysis
Full text linkWe provide a number of new insights into the methodological discussion about author cocitation analysis. We first argue that the use of the Pearson correlation for measuring the similarity between authors’ cocitation profiles is not very satisfactory. We then discuss what kind of similarity measures may be used as an alternative to the Pearson correlation. We consider three similarity measures in particular. One is the well-known cosine. The other two similarity measures have not been used before in the bibliometric literature. Finally, we show by means of an example that our findings have a high practical relevance.information science;Pearson correlation;cosine;similarity measure;author cocitation analysis
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