Indonesia Conference Directory

Corresponding Author
Imelda Ogi

Institutions
Faculty of Economy and Business, Universitas Sam Ratulangi, Manado, Indonesia *kumaatrobby007[at]gmail.com; debby-rotinsulu[at]unsrat.ac.id

Abstract
Economic growth is a continuous process of increasing output per capita in the long run. Economic growth is one indicator of development success, the main source of which is improving peoples living standards. Therefore the higher economic growth is usually the higher the welfare of the community. The success or failure of development programs in developing countries is often judged by the high and low levels of growth in national output and income. (Todaro and Smith, 2004) High economic growth accompanied by income distribution is the goal of each region. The economy is considered to experience growth if all real service fees for the use of production factors in a certain year are greater than in the previous year. In other words the economy is said to experience growth if the real income of the community in a given year is greater than the real income of the community in the previous year (Basri, 2002). Economic growth shows the extent to which economic activity will generate additional community income in a given period. Because economic activity is basically a process of using factors of production to produce output, this process will in turn produce a flow of services to factors of production owned by the community (Basri, 2002), with economic growth, it is expected that peoples income as owners of factors of production will also increase.

Keywords
Economic Growth, Poverty, Income

Topic
Corporate Finance

Link: https://ifory.id/abstract/c79CjUfzvLQW

Corresponding Author
Rida Rahim

Institutions
Faculty of Economi, Andalas University

Abstract
This study analyzes the behavior of cash compensation, corporate governance, dividend policy and the performance of the Banking Industry in Indonesia. This study uses 33 go-public banks that are listed on the Indonesia Stock Exchange with 165 observations in 2014-2018. The analytical method uses Panel data regression with the Random Effect Model (REM). The results of the regression data obtained by the executive compensation had a significant positive effect on company performance, the proportion of compensation received by executives tended to have a direct impact on firm value. The results also showed that dividend policy had a significant positive effect on firm value, the greater the number of dividends distributed gave a positive signal to the market

Keywords
Cash Compensation, Corporate governance, dividends, and the performance of the Banking Industry

Topic
Corporate Finance

Link: https://ifory.id/abstract/QPJLVtU6XZxA

Corresponding Author
Pristina Hermastuti Setianingrum

Institutions
Department of Management
Sekolah Tinggi lmu Ekonomi Indonesia

Abstract
The purpose of this research is to measure and to analyze the impact of financial ratios to companies- stock price, while using macroeconomics variable as control variable. The financial ratios used in this research are: price earnings ratio, price to book value, net profit margin and return on equity. The samples of this research are stock price of 25 companies in consumption and financial sectors in Indonesia stock market during period 2009 to 2016, therefore there are 200 panel balance observation. Using Fixed Effect Model, result of the research shows that companies financial ratios have strong influence on stock price. Test of hypotheses showed that together all financial ratios have significant impact on stock price. However, partially, only price earnings ratio and price to book value have significant impact on stock price.

Keywords
stock price, price earnings ratio, price to book value, net profit margin, return on equity, Indonesia stock market

Topic
Corporate Finance

Link: https://ifory.id/abstract/h6ejTGqybBZ9

Corresponding Author
Dian Surya Sampurna

Institutions
a). Sekolah Tinggi Ilmu Ekonomi Indonesia
Jl. Kayujati Raya 11 A Rawamangun, Jakarta Timur 13220, Indonesia
*dian_surya_sampurna[at]stei.ac.id

Abstract
This study seeks to examine the determinants of firm value of listed manufacturing companies in Indonesia Stock Exchange (IDX) during a five-year period. The factors namely institutional ownership, firm size, profitability, leverage, and investment opportunity set. The sample was determined based on panel data, with a total sample of 144 manufacturing companies, so as many as 420 observations were obtained during the study period. The data analysis method used regression panel data. The results show size, return on assets, and market to book value of equity have a positive significant on firm value. The results also show debt to total assets have a negative significant on firm value. However, institutional ownership have a negative insignificant on firm value. The main value of this study is the identification of the factors that influence the firm value of listed manufacturing companies in Indonesia.

Keywords
institutional ownership; firm size; profitability; leverage; investment opportunity set; firm value

Topic
Corporate Finance

Link: https://ifory.id/abstract/XmB3WFkuNgDh

Corresponding Author
Mohammad Benny Alexandri

Institutions
Sekolah Tinggi Ekonomi Indonesia

Abstract
The stages of the investment decision process include five stages of decision, which is the determination of investment objectives; investment policy determination; selection of portfolio strategy; asset selection; measurement and evaluation of portfolio performance. This study aims is to find out (1) which optimal portfolio is best performing after being measured by Sharpe, Treynor, and Jensen Indexes (2) Comparison of the performance rankings of the Sharpe, Treynor, and Jensen models of the optimal portfolios of the Jakarta Islamic Index which were formed before, medium, and after the crisis whether the results obtained are the same or there are differences between the three models. The results of this study indicate that there is no significant difference in the measurement of optimal portfolio performance in the period before, during, and after the 2008 global crisis using the Sharpe, Treynor, and Jensen methods

Keywords
Sharpe, Treynor, Jensen, Jakarta Islamic Index

Topic
Corporate Finance

Link: https://ifory.id/abstract/Y9gNWCHahfDz

Corresponding Author
Rudolf Lumbantobing

Institutions
Faculty of Economics and Business
Krida Wacana Christian University (Ukrida), Jakarta

Abstract
This study purposed to confirm the influence of financial ratios toward the possibility of financial distress in the listed manufacturing companies in the Indonesia Stock Exchange. Using a selected sample consist of 30 emitens with 90 units of analysis, the relationship between financial ratios and financial distress during the period of 2015-2017 was tested. The results revealed that the ratios of activity is not significantly affect the possibility of financial distress. Liquidity ratios significant negatively affect the possibility of financial distress. Furthermore debt ratios and earning ratios significant positively affect the possibility of financial distress. The research recommends that liquidity ratios and debt ratios are the best ratios that can be used to predict financial distress. The study also recommends that the earning ratios associated with liquidity ratios be provided in financial statements in order for users to make informed decisions in case of financial distress possibility

Keywords
debt ratio, liquidity, earning, activity, possibility of financial distress

Topic
Corporate Finance

Link: https://ifory.id/abstract/2MybrXEa8Reh

Corresponding Author
Muhammad Anhar

Institutions
a,b) Department of Management, Sekolah Tinggi Ilmu Ekonomi Indonesia Jakarta
Jl. Kayu Jati Raya No.11 A, Rawamangun, Jakarta Timur
Jakarta, Indonesia
muhammad_anhar[at]stei.ac.id

Abstract
Abstract – This study aims to prove the existence of an unusual phenomenon in the short-term investment market of Sharia stocks in Indonesia in 2018. The usual phenomenon that is in accordance with the fundamental analysis of stock investment is "high profitability - high return, low profitability - low return". Does this phenomenon exist? An understanding on the rank of the emiten-s profitability and investment returns of stock investments will be useful in the stocks analysis, especially in the analysis phase when potential investors will determine the stocks that will be the object of investment. Data on emiten-s profitability and investment returns of Sharia stocks are taken and processed from the IDX data. Descriptive analysis is carried out to explain the ranking of profitability and investment return. Inferential analysis (Test of Rank Difference) is carried out to test hypotheses about the difference between profitability and return ranking. Research shows the results that profitability rank and return rank are differ. This shows that the phenomenon of "high profitability - high return, low profitability - low return" does not exist in the short-term investment market of sharia stocks in Indonesia in 2018, or that the unusual phenomenon occurs.

Keywords
Profitability; Index, Return, Rank, Sharia Stock.

Topic
Corporate Finance

Link: https://ifory.id/abstract/uNYZqJxkrGHQ

Corresponding Author
Muhammad Anhar

Institutions
a,b) Department of Management, Sekolah Tinggi Ilmu Ekonomi Indonesia Jakarta
Jln. Kayu Jati Raya No.11 A, Rawamangun, Jakarta Timur
muhammad_anhar[at]stei.ac.id

Abstract
Abstract – this study aims to prove the existence of an unusual phenomenon in the short-term investment market of Sharia stocks in Indonesia in 2018. The usual phenomenon that is in accordance with the axiom "Risk and Return Trade-off" is "high risk - high return, low risk - low return", both for total risk, systematic risk, and specific risk. Does this phenomenon exist?. An understanding of the returns and risks rankings of stock investments will be useful in the stocks analysis, especially in the analysis phase when potential investors will determine the stocks that will be the object of investment. Data on investment returns and risk of Sharia stocks are taken and processed from the IDX data. Descriptive analysis is carried out to explain the ranking of profitability, returns and risk of existing investments. Inferential analysis (Rank Difference Test) is carried out to test hypotheses about the difference between return and risk ranking. Research shows the results that rank of return and risks ratings are differ. This shows that the phenomenon of "High risk - high return, low risk - low return" does not exist in the short-term investment market of sharia stocks in Indonesia in 2018, or that the unusual phenomenon occurs.

Keywords
Index; Return, Risk, Ranking, Sharia Stock.

Topic
Corporate Finance

Link: https://ifory.id/abstract/tYGhATNBZgjr