Papers by Dwita Sakuntala
E-Jurnal Manajemen Universitas Udayana
Riset ini berusaha agar mengidentifikasi serta menganalisis, baik secara individual maupun secara... more Riset ini berusaha agar mengidentifikasi serta menganalisis, baik secara individual maupun secara simultan, dampak nilai tukar, suku bunga, serta inflasi terhadap IHSG di Indonesia. Riset ini menggunakan 40 sampel data dengan teknik analisis Ordinary Least Square. Data telah memenuhi persyaratan asumsi Gauss Markov. Hanya nilai tukar yang memberikan dampak terhadap IHSG. Nilai uji determinasi menunjukkan bahwasannya IHSG dapat dijelaskan oleh nilai tukar, suku bunga dan inflasi. Sedangkan sisanya dijelaskan oleh faktor lain yang tidak diteliti dalam penelitian ini. Kata Kunci : Nilai Tukar, Suku Bunga, Inflasi, IHSG
Pengaruh Kinerja Keuangan Terhadap Pertumbuhan Laba Perusahaan Sub-Sektor Otomotif Dan Komponen Di Bursa Efek Indonesia
This study aims to analyze the effect of current ratio, total asset turnover, dan debt to equity ... more This study aims to analyze the effect of current ratio, total asset turnover, dan debt to equity ratio to the profit growth at the companies automotive was listed on the Indonesia Stock Exchange. The samples used in this study were 5 automotive companies listed on the Indonesia Stock Exchange in the period 2006-2018. A method of data analysis in this study using multiple linear regression. empirical results show current ratio and debt to equity ratio variables have a positive and significant effect on profit growth, while total asset turnover not affect profit growth.
FIDUSIA : JURNAL KEUANGAN DAN PERBANKAN, 2020
This study aims to determine the financial ratios represented by capital structure (DER), company... more This study aims to determine the financial ratios represented by capital structure (DER), company size (ln total assets), business risk (DOL) to firm value. Data collection techniques using purposive sampling and obtained as many as 17 sample companies from 73 populations of chemical sub-sector companies listed on the Indonesia Stock Exchange (IDX) for the 2014-2018 period. The analysis model uses multiple linear regression. Based on the results of the coefficient test, the R square value of 0.749 shows that the correlation or closeness of the relationship of capital structure, company size, business risk and company value is only 74.9%. Adjusted R Square value of 0.735 indicates that the variable capital structure, company size, and business risk explains the variable to the company value of 73.5%. In the F test shows that the value of Fcount> Ftable (53,644> 2.78) so that simultaneously DER, ln total assets, DOL affect the value of the company in the chemical sub-sector of 2...
FIDUSIA : JURNAL KEUANGAN DAN PERBANKAN, 2020
This research aims to determine the impact of Return on Assets, Operational Efficiency Ratio, Non... more This research aims to determine the impact of Return on Assets, Operational Efficiency Ratio, Non Performing Loan and Loan to Deposit Ratio on Share prices at Conventional Banks on the Indonesia Stock Exchange in 2014 to 2018. The sampling method used was purposive sampling technique. The number of samples obtained was 27 conventional banks. The data used was secondary data. The analysis model uses multiple linear regression equations. The results show that partially Return On Assets have a significant positive effect on stock prices and Operational Efficiency Ratio has a significant negative effect on stock prices. The results show that simultaneously Return On Assets, Operational Efficiency Ratio, Non Performing Loan and Loan to Deposit Ratio have a significant effect on stock prices with a significance level of 0,000
GOING CONCERN : JURNAL RISET AKUNTANSI, 2020
This study aims to determine and to analyze the effect of the efficiency ratio, operation risk an... more This study aims to determine and to analyze the effect of the efficiency ratio, operation risk and liquidity against profitability in Textile and Garment Sub Sector Companies listed on the Indonesia Stock Exchange for the period 2012-2018. The research method used in this research is quantitative research methods, the type of research is quantitative descriptive. The population in this study were all companies in the Textile and Garment Sub-Sector as many as 17 companies with purposive sampling techniques obtained by 6 companies the data analysis method used in this study is the method of multiple linear regression and the classical assumption test. The results of this study indicate that simultaneously efficiency ratio, liquidity operational risk has a significant effect on profitability in the Textile and Garment sub-sector companies listed on the Indonesia Stock Exchange for the period 2012-2018 with the results of Fcount = 4.586> Ftable = 2.85. Partially, the efficiency and o...
Penelitian ini bertujuan untuk menguji dan menganalisis pengaruh Intellectual Capital, Earning Pe... more Penelitian ini bertujuan untuk menguji dan menganalisis pengaruh Intellectual Capital, Earning Pershare, dan Leverage terhadap Nilai Perusahaan Food and Beverage yang terdaftar di Bursa Efek Indonesia periode 2013-2018. Populasi dalam penelitian ini adalah seluruh perusahaan Food and Beverage yang terdaftar di Bursa Efek Indonesia yang berjumlah 26 perusahaan dengan sampel berjumlah 11 perusahaan dengan periode 2013-2018 selama 6 Tahun serta menggunakan teknik pengambilan sampel yaitu Purposive Sampling. Metode analisis yang digunakan dalam metode penelitian ini adalah metode regresi linier berganda. Jenis penelitian adalah statistik deskriptif dan sifat penelitiannya adalah Explannatory. Hasil penelitian ini menunjukkan secara Simultan (F) Intellectual Capital¸ Earning PerShare, dan Leverage berpengaruh dan signifikan terhadap nilai perusahaan Food and Beverage yang Secara Parsial(T) Intellectual Capital dan Earning PerShare tidak berpengaruh dan signifikan terhadap Nilai Perusahaa...
The study examines the effect of monetary policy, global uncertainty and environmental damage on ... more The study examines the effect of monetary policy, global uncertainty and environmental damage on the green stock market in Indonesia in the long and short term, using the Autoregressive Distributed Lag (ARDL) bound test method. The ARDL bound test results show that there is cointegration in the long term between the green stock market and monetary policy, global uncertainty and environmental damage. Empirical evidence finds that in the long term, the variables that affect the green stock market in Indonesia are monetary policy from interest rates, global uncertainty and environmental damage from carbon emissions. While in the short term the variables that affect the green stock market are interest rates without lag, lag 1, lag 2 and lag 3; global uncertainty in lag 1 and lag 2; and carbon emissions without lag and lag 1; while forest damage without lag shows a very weak effect at the 10% significance level. Coefficient Ect t-1 also shows significant and negative sign. A deeper analysis found that there is a bidirectional causality from monetary policy to green stock markets and vice versa, and from carbon emissions to green stock markets and vice versa.
International Journal of Energy Economics and Policy, Nov 28, 2022
The study examines the effect of monetary policy, global uncertainty and environmental damage on ... more The study examines the effect of monetary policy, global uncertainty and environmental damage on the green stock market in Indonesia in the long and short term, using the Autoregressive Distributed Lag (ARDL) bound test method. The ARDL bound test results show that there is cointegration in the long term between the green stock market and monetary policy, global uncertainty and environmental damage. Empirical evidence finds that in the long term, the variables that affect the green stock market in Indonesia are monetary policy from interest rates, global uncertainty and environmental damage from carbon emissions. While in the short term the variables that affect the green stock market are interest rates without lag, lag 1, lag 2 and lag 3; global uncertainty in lag 1 and lag 2; and carbon emissions without lag and lag 1; while forest damage without lag shows a very weak effect at the 10% significance level. Coefficient Ect t-1 also shows significant and negative sign. A deeper analysis found that there is a bidirectional causality from monetary policy to green stock markets and vice versa, and from carbon emissions to green stock markets and vice versa.
Analisis Fundamental Moneter Terhadap Perubahan Kurs Rupiah Setelah Krisis 2008
The objectives of this research are to determining the effect of various macroeconomic variables ... more The objectives of this research are to determining the effect of various macroeconomic variables that caused changes in rupiah exchange rate against US dollar and to see the elasticity of the most elastic exchange rate changes. The research model uses multiple linear equations with analysis technique Error Correction Mechanism (ECM) – Domowitz-Elbadawi model. Research period q1.2010 to q4.2016. The empirical results show that partially the change of difference in the money supply, the change of difference in the inflation, the change of difference in the interest rate, the difference in the inflation of the previous period, the difference the interest rate of the previous period, the current account balance of the previous period and error correction variable (EC) of the previous period. While other variables research have no effect. ECM models are valid with error correction coefficients (speed of adjustment) marked positive and statistically significant. R-squared value of 0.83743...
Analisis Faktor-Faktor Yang Mempengaruhi Neraca Pembayaran Indonesia Melalui Pendekatan Moneter
Krisis keuangan global yang semakin dalam sejak September 2008 memberikan tekanan yang cukup sign... more Krisis keuangan global yang semakin dalam sejak September 2008 memberikan tekanan yang cukup signifikan pada kinerja Neraca Pembayaran Indonesia (NPI). Penelitian ini bertujuan untuk menganalisis faktor-faktor yang mempengaruhi neraca pembayaran Indonesia yang meliputi pendapatan domestik riil, nilai tukar, harga luar negeri, tingkat suku bunga dan kredit domestik. Analisis pengaruh dilakukan dalam jangka pendek dengan menggunakan teknik Model Koreksi Kesalahan (Error Correction Mechanism = ECM). Data yang digunakan adalah data time series dari tahun 2000 hingga tahun 2013. Dasar teori yang digunakan adalah teori pendekatan moneter terhadap neraca pembayaran. Hasil penelitian menunjukkan bahwa nilai tukar, tingkat harga luar negeri, tingkat suku bunga dan kredit domestik memiliki pengaruh yang signifikan terhadap neraca pembayaran Indonesia. Sedangkan pendapatan domestik riil tidak memiliki pengaruh yang signifikan terhadap neraca pembayaran Indonesia. Dari hasil koefisien determina...
JIMEK : Jurnal Ilmiah Mahasiswa Ekonomi, 2020
Investment is carried out with the purpose of obtaining benefits. One of the investor benchmarks ... more Investment is carried out with the purpose of obtaining benefits. One of the investor benchmarks before invest their capital to a company is by monitoring its stock price. The objective of the research is to know the financial ratio indicated through a capital structure (DER), Firm size, dividend policy (DPR) towards the stock price. The researcher collects data by pulling documentation study sampling and purposive sampling to obtain 24 companies as research samples. In this research, data were analyzed using the Regression Testing method. The researcher found out that DER, Firm Size, DPR simultaneously affecting the stock price of Trade, Service & Investment companies from the year 2014 to 2018. Investors are expected to observe DER, Firm Size, DPR prior to investing. Investasi dilakukan dengan tujuan untuk memperoleh keuntungan sesuai dengan yang diharapkan. Salah satu hal yang menjadi tolak ukur bagi investor untuk menanamkan modalnya kepada suatu perusahaan adalah dengan melihat...
Proceedings of the 2019 International Conference on Organizational Innovation (ICOI 2019), 2019
The study aimed to analyze the financial performance of companies in the consumer goods industry ... more The study aimed to analyze the financial performance of companies in the consumer goods industry sector in Indonesia which might affect the stock price using Return on Assets (ROA) variable and moderated by compliance with Corporate Social Responsibility (CSR) activities and dividend policy. The sample of this research was sixty financial reports of companies using a quantitative research approach. The data analysis method was performed by path analysis using SmartPLS. The study results showed that current ratio and debt to equity ratio had significant effect on ROA. While ROA had a positive and significant effect on the stock price, CSR had a negative and significant effect on the stock price. Moreover, ROA moderated by CSR and DPR had no significant effect on the stock price.
Jurnal Benefita, 2017
One of company goals is growth. Every company growth is wishing to got benefit as much as possibl... more One of company goals is growth. Every company growth is wishing to got benefit as much as possible. Moreover, value of the stock will increase too. Goal of this research is to determine the effect of firmsize, internal finance, external finance, growth opportunities, and firm-age as a independen variable with company growth as dependen variable. This research using 125 company at Indonesia as a sample. Result of the hypothesis testing showed that independen variable like firm-size is significant negative with company growth and internal finance, external finance and growth opportunities is significant positive with company growth but independen variable like firm-age didn't have any significant with company growth.
Jurnal Ekonomi Bisnis Manajemen Prima, 2021
This study aims to determine the financial ratios represented by the liquidity ratio, activity ra... more This study aims to determine the financial ratios represented by the liquidity ratio, activity ratio, solvency ratio, profitability ratio to dividend payout ratio. Data collection techniques using purposive sampling and obtained as many as 21 samples of companies from 132 populations of companies in the trade, service, and investment sectors listed on the Indonesia Stock Exchange (BEI). The analysis technique uses multiple linear regression. Based on the results of the coefficient test, the R square value of 0.141 indicates that the correlation or closeness of the relationship between the liquidity ratio, activity ratio, solvency ratio, profitability ratio and dividend payout ratio is only 14.1%. The Adjusted R Square value of 0.097 indicates that the liquidity ratio, activity ratio, solvency ratio, profitability ratio explains the variable to the dividend payout ratio of 9.7%. The F test shows that the value of Fcount> Ftable (3,235> 2.49) so that simultaneously the quick rat...
Saat ini industri kimia merupakan salah satu fokus implementasi industri 4.0. Walau di tahun 2017... more Saat ini industri kimia merupakan salah satu fokus implementasi industri 4.0. Walau di tahun 2017 sektor industri kimia ini memberikan pendapatan yang cukup signifikan bagi PDB, namun nilai perusahaan pada perusahaan sektor ini mengalami fenomena naik turun sepanjang tahun 2013 hingga 2017. Artikel ini bertujuan untuk memaparkan hasil penelitian tentang pengaruh growth opportunity , struktur modal dan likuiditas terhadap nilai perusahaan pada perusahaan sub sektor kimia yang terdaftar di Bursa Efek Indonesia selama kurun waktu 2013-2017. Populasi dalam penelitian ini adalah seluruh perusahaan sub sektor kimia di Bursa Efek Indonesia periode 2013-2017. Teknik pengambilan sampel yang digunakan adalah purposive sampling . Jumlah sampel yang didapat adalah 30 data observasi. Model analisis menggunakan regresi linier berganda. Hasil penelitian menunjukkan bahwa secara parsial g rowth o pportunity, dan struktur modal berpengaruh negatif dan signifikan terhadap nilai perusahaan, sedangkan ...
Quantitative Economics Journal, 2020
At the end of 2008 there was a financial crisis in America that impacted the global economy inclu... more At the end of 2008 there was a financial crisis in America that impacted the global economy including Indonesia. This condition causes the movement of the rupiah to weaken following the global economy. The weakening of the rupiah causes, the economic conditions in Indonesia participate weakened. This study aims to determine the effect of money supply, gross domestic income, inflation and interest rates on the rupiah against the US dollar after the 2008 global economic crisis.The basic theory used in this research is the monetary approach theory was developed by Frenkel (1984). The analysis model used is ARCH/GARCH model with Maximum Likelihood estimation method. The empirical result of these research shows that the variable which have positive and significant influence is variable of money supply, and interest rates. Real GDP have negative and significant influence to the exchange rate. While inflation has no effect.
Conference Presentations by Dwita Sakuntala
The study aimed to analyze the financial performance of companies in the consumer goods industry ... more The study aimed to analyze the financial performance of companies in the consumer goods industry sector in Indonesia which might affect the stock price using Return on Assets (ROA) variable and moderated by compliance with Corporate Social Responsibility (CSR) activities and dividend policy. The sample of this research was sixty financial reports of companies using a quantitative research approach. The data analysis method was performed by path analysis using SmartPLS. The study results showed that current ratio and debt to equity ratio had significant effect on ROA. While ROA had a positive and significant effect on the stock price, CSR had a negative and significant effect on the stock price. Moreover, ROA moderated by CSR and DPR had no significant effect on the stock price.
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Papers by Dwita Sakuntala
Conference Presentations by Dwita Sakuntala