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Effects of Government's Policy in Stock Price: A Case of Nepse 政府政策对股票价格的影响:以Nepse为例
Pub Date : 2022-01-12 DOI: 10.37479/jsm.v4i1.11903
Ganesh Prasad Niraula
The purpose of this study is to find out the relationship of government's policy on the price movement of Nepal stock exchange (NEPSE). This study followed a case study research design, because it offers a deeper perspective and clearer understanding of the stock price movement of Nepalese joint venture banks. The sample size of this study consists of five joint venture commercial Banks, economic analysis and survey reports conducted by central bank of Nepal (Nepal Rastra Bank).The judgmental sampling method has been applied for selection of joint venture banks. The study was totally based on secondary data. in order to make proper analysis descriptive and inferential statistics were used using SPSS software version 26. The finding of this study revealed that the GDP and import are inversely associated with stock price movement and CRR, export, interest rate and inflation are positively associated with stock price movement. Further, it is found that the macroeconomic variables are key factors to determine the Nepalese stock price movement. More importantly, stock market has been found to respond significantly to changes in the government policy. It is recommended that CRR, EXPORT, INTEREST RATE and INFLATION are major factors which largely affect the stock price movement of NEPSE. GDP and IMPORT are not compliance with the stock price movement as they produce negative association with the stocks volatility.
本研究的目的是找出政府政策对尼泊尔证券交易所(NEPSE)价格变动的关系。本研究遵循案例研究的研究设计,因为它提供了一个更深入的视角和更清晰的了解尼泊尔合资银行的股价走势。本研究的样本量包括五家合资商业银行,尼泊尔中央银行(尼泊尔拉斯特拉银行)进行的经济分析和调查报告。采用判断抽样法对合资银行进行选择。这项研究完全基于二手数据。为了进行适当的分析,使用SPSS软件26版进行描述性统计和推理统计。本研究发现GDP、进口与股价变动呈负相关,而CRR、出口、利率和通货膨胀与股价变动呈正相关。进一步,我们发现宏观经济变量是决定尼泊尔股票价格变动的关键因素。更重要的是,人们发现股市对政府政策的变化反应显著。建议CRR,出口,利率和通货膨胀是影响NEPSE股价走势的主要因素。国内生产总值和进口与股价波动呈负相关,与股价波动呈负相关。
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引用次数: 1
Investigating Customer Satisfaction of the Bakauheni-Palembang Toll Road Bakauheni-Palembang收费公路客户满意度调查
Pub Date : 2022-01-12 DOI: 10.37479/jsm.v4i1.11445
Dini Dwi Wulandary, Agung Kresnamurti Rivai, R. Rahmi
This study aims to determine the effect of service quality, E-WOM, and perceived value on customer satisfaction of the Bakauheni-Palembang Toll Road. This study uses quantitative methods. Data collection technique using a survey method with an instrument in the form of a questionnaire. The sample in this study amounted to 200 respondents who have used the Bakauheni-Palembang Toll Road at least twice in the last year. Use SPSS 22 version and Lisrel 8.8 SEM (Structural Equation Model) for technical data analysis to process and analyze research data. The results showed that service quality has no significant effect on E-WOM, service quality had no significant effect on customer satisfaction, the perceived value has a significant effect on E-WOM, perceived value has a significant effect on customer satisfaction, E-WOM has a significant impact on customer satisfaction, service quality has no significant effect on customer satisfaction through E-WOM, perceived value has a significant effect on customer satisfaction through E-WOM.
本研究旨在探讨服务品质、电子口碑及感知价值对巴考亨尼-巨港收费公路顾客满意度的影响。本研究采用定量方法。使用问卷形式的工具进行调查的数据收集技术。本研究的样本为200名受访者,他们在过去一年中至少两次使用Bakauheni-Palembang收费公路。使用SPSS 22版和Lisrel 8.8 SEM(结构方程模型)进行技术数据分析,对研究数据进行处理和分析。结果表明:服务质量对电子口碑没有显著影响,服务质量对顾客满意没有显著影响,感知价值对电子口碑有显著影响,感知价值对顾客满意有显著影响,感知价值对电子口碑有显著影响,服务质量对电子口碑对顾客满意没有显著影响,感知价值对电子口碑对顾客满意有显著影响。
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引用次数: 2
Internal Control Systems in Nepal: A Case of Nepal Telecom 尼泊尔的内部控制制度:以尼泊尔电信为例
Pub Date : 2021-07-14 DOI: 10.37479/JSM.V3I2.10447
Ballav Niroula, Achut Gyawali
The purpose of this study is to discover the efficacy of internal control system of Nepal Telecom. This study followed a case study research design, because it offers a deeper perspective and clearer understanding of the internal control system and its practices. The sample size of this study consisted of all the employees working at different level in Nepal Telecom. The convenience sampling method has been applied for selection of respondents. The researchers distributed 280 questionnaires out of them only 240 respondents returned usable questionnaires. This study was totally based on primary data. In order to make proper analysis descriptive and inferential statistics were used using SPSS software version 23. The finding of this study showed that the control environment, risk assessment, control activities, communication and monitoring affects perceived performance of organization. Effective internal control system helped to increase working efficiency also. The recommendations were made that the company should emphasize the required internal organizational management structure to be implemented. This is because of the internal organizational management structure positively affects the execution of strategies and policies, thereby achieving a sustainable competitive advantage and increment of profit.
本研究的目的是发现尼泊尔电信内部控制制度的有效性。本研究采用个案研究的研究设计,因为它提供了一个更深入的视角和更清晰的了解内部控制制度及其实践。本研究的样本量为尼泊尔电信不同层级的所有员工。调查对象的选择采用了方便抽样的方法。研究人员发放了280份问卷,其中只有240名受访者返回了可用的问卷。这项研究完全基于原始数据。为了进行适当的分析,使用SPSS软件23版进行描述性和推断性统计。本研究发现,控制环境、风险评估、控制活动、沟通和监控影响组织的感知绩效。有效的内部控制制度也有助于提高工作效率。建议公司应强调实施所需的内部组织管理结构。这是因为组织内部管理结构对战略和政策的执行产生了积极的影响,从而获得了持续的竞争优势和利润增量。
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引用次数: 0
Capital Structure and Financial Performance of Manufacturing Companies in Indonesia 印尼制造业企业的资本结构与财务绩效
Pub Date : 2021-07-14 DOI: 10.37479/JSM.V3I2.11139
Ni Luh Ira Suitri, Mohamad Agus Salim Monoarfa, Srie Isnawaty Pakaya
This study aims to determine whether the Capital Structure affects the financial performances partially and simultaneouslly. The Capital Structure in this study is proxide by Debt to Asset Ratio (DAR) and Long Term Debt to Equity Ratio (LTDER), whereas the financial performance is proxide by Return On Asset (ROA). the type of data used in this study is secondary data obtained from the financial statements os plastic and packaging companies listed on the Indonesia Stock Exchange in 2012-2019. The analysis method uses multiple linier regression analysis. The result revealed that partially DAR had negative and significant effect on ROA, while LTDER had no significant effect on ROA. The result also shows that simultaneouslly DAR and LTDER have a significant effect on ROA.
本研究旨在确定资本结构是否部分且同时影响财务绩效。本研究中的资本结构由债务与资产比率(DAR)和长期债务与权益比率(LTDER)提供,而财务绩效由资产收益率(ROA)提供。本研究中使用的数据类型是从2012-2019年在印度尼西亚证券交易所上市的塑料和包装公司的财务报表中获得的二手数据。分析方法采用多元线性回归分析。结果表明,部分DAR对ROA有负显著影响,而LTDER对ROA无显著影响。结果还表明,DAR和LTDER同时对ROA有显著影响。
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引用次数: 0
The Relevance Analysis Of Accounting Information, Corporate Social Responsibility And Leverage As Moderation Variables 会计信息、企业社会责任和杠杆作为调节变量的相关性分析
Pub Date : 2021-07-14 DOI: 10.37479/JSM.V3I2.6981
Indhung Listyaningrum, K. Titisari, S. Nurlaela
An investor always needs accounting information in determining an investment decision. Accounting information relates to many matters relating to the Company's activities in certain periods. The research aims to test and analyse the relevance of accounting information, corporate social responsibility and leverage as moderation variables. The study population of 11 banking companies registered in the IDX period was 2015 – 2018 with a sample number of 44 observations. This sampling technique uses the purposive sampling method. This research hypothesis test uses multiple linear regression with the Moderated Regression Analyys (MRA) approach. Independent variables in this study are the value of profit, book value, and corporate social responsibility. Leverage as a moderation variable and stock price as the dependent variable. The results of this study show that the value of profit, book value and corporate social responsibility affect the stock price. Leverage as a moderation variable can strengthen the book value relationship to the share price, but it cannot strengthen the value of profit relationship to the share price and corporate social responsibility towards the share price. It can be concluded that the value of profit, book value and corporate social responsibility has the relevance of accounting information value. Leverage as a moderation variable can only strengthen the book value relationship to the share price. The degree of research is expected to increase the amount of data samples to achieve more significant results.
投资者在作出投资决策时总是需要会计信息。会计信息涉及与公司在特定时期的活动有关的许多事项。本研究旨在检验和分析会计信息、企业社会责任和杠杆作为调节变量的相关性。在IDX期间注册的11家银行公司的研究人口为2015年至2018年,样本数量为44个观察值。这种抽样技术采用目的性抽样方法。本研究的假设检验采用多元线性回归与有调节回归分析(MRA)方法。本研究的自变量为利润价值、账面价值和企业社会责任。杠杆为调节变量,股价为因变量。研究结果表明,利润价值、账面价值和企业社会责任对股价有影响。杠杆作为调节变量可以强化账面价值对股价的关系,但不能强化利润价值对股价的关系和企业社会责任对股价的关系。可以得出利润价值、账面价值和企业社会责任价值与会计信息价值具有相关性的结论。杠杆作为一个调节变量只能加强账面价值与股价的关系。研究程度有望增加数据样本量,取得更显著的成果。
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引用次数: 0
The Corporate Governance Effect on Financial Performance 公司治理对财务绩效的影响
Pub Date : 2021-07-14 DOI: 10.37479/JSM.V3I2.7018
Anggit Riyadi, K. Titisari, Purnama Siddi
This study aims to examine corporate governance effecton the financial performance of manufacturing companies in the food and beverage industry sector in the Indonesia Stock Exchange in 2014 - 2018. The independent variables in this study are the audit committee, the board of commissioners, the board of directors, and debt to equity ratio (DER). Whereas the dependent variable in this test is Return on Equity (ROE). The sampling technique is done by using purposive sampling method, namely the determination of sampling with certain considerations. Data analysis techniques include (1) Descriptive Statistics (2) Classical Assumption Tests covering Normality, Multicollinearity, Heteroscedasticity, and Autocorrelation (3) Multiple Linear Regression Tests (4) F Tests (5) Hypothesis Tests (6) Determinant Coefficient Test (R2) . The sample used in this test is manufacturing companies in the food and beverage industry sector which were listed on the Indonesia Stock Exchange in 2014 - 2018, with a total of 10 companies and there were 50 samples that met the criteria. The results of this test concluded that the variables of the board of directors and debt to equity ratio (DER) affect financial performance, while the variables of the audit committee and the board of commissioners have no effect on financial performance.
本研究旨在研究公司治理对2014 - 2018年印度尼西亚证券交易所食品和饮料行业制造公司财务绩效的影响。本研究的自变量为审计委员会、董事会、董事会和负债权益比(DER)。而本检验的因变量是净资产收益率(ROE)。抽样技术采用目的性抽样方法,即在确定抽样时考虑一定的因素。数据分析技术包括:(1)描述性统计(2)经典假设检验(包括正态性、多重共线性、异方差和自相关)(3)多元线性回归检验(4)F检验(5)假设检验(6)决定系数检验(R2)。本次测试使用的样本为2014 - 2018年在印尼证券交易所上市的食品和饮料行业的制造公司,共有10家公司,有50个样本符合标准。本检验的结果表明,董事会和负债权益比(DER)这两个变量对财务绩效有影响,而审计委员会和董事会这两个变量对财务绩效没有影响。
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引用次数: 0
The Role Of E-Commerce Era Covid-19 in The Revolution Of The Accounting Information Systems 电子商务时代在会计信息系统变革中的作用
Pub Date : 2021-07-14 DOI: 10.37479/JSM.V3I2.9765
Lesi Hertati
The purpose of this study is to determine the effect of e.commmerce Era Covid-19, Corporate Strategy in the Covid-19 era on the accounting information system industrial revolution. The company's strategy is a company trick in determining and expressing the main planning policies that ultimately determine the scope, character and results of the company's activities and their parts to achieve the company's goals. The fact states that the influence of e.commerce, the company's strategy has various problems including the problem of collecting and storing data on organizational activities, resources and personnel, converting data into information so that management can plan, implement, control and evaluate activities, resources and personnel, provide adequate controls for storing organizational assets and data. The population of this research is 7000 employees of PT Freeport Indonesia, with a total sample of 852 employees obtained through simple random sampling. The purpose of this study is to determine the use of E-Commerce in the Covid-19 Era, the company's strategy in the Industrial Revolution accounting information system. This method is a descriptive and verification method, and the analytical tool is SEM Lisrel modeling. The results showed that E-Commerce is a company strategy in the Industrial Revolution in accounting information systems.
本研究的目的是确定电子商务时代Covid-19的企业战略对会计信息系统产业革命的影响。公司战略是确定和表达主要规划政策的公司技巧,这些政策最终决定了公司活动的范围、性质和结果,以及实现公司目标的各部分。事实表明,电子商务的影响,公司的战略有各种问题,包括收集和存储组织活动,资源和人员数据的问题,将数据转化为信息,以便管理层可以计划,实施,控制和评估活动,资源和人员,为存储组织资产和数据提供适当的控制。本研究的人口为印度尼西亚PT自由港的7000名员工,通过简单随机抽样的方式获得的总样本为852名员工。本研究的目的是确定利用电子商务在新冠时代,公司的战略,在工业革命的会计信息系统。该方法是一种描述性和验证性的方法,分析工具为SEM Lisrel建模。结果表明,电子商务是企业在会计信息系统工业革命中的战略。
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引用次数: 0
The Influence Of The Work Environment On Employee Work Motivation At PT. Loka Indah Lestari Pohuwato 工作环境对PT员工工作动机的影响[j]
Pub Date : 2020-01-26 DOI: 10.37479/jsm.v2i1.4437
A. Nawawi, A. Pakaya, Endi Rahman
The research aimed to find out to what extent the effect of work environment on work motivation. The population of this research was all 74 permanent employees at PT. Loka Indah Lestari in Popayato Barat, Pohuwato. The analysis method used simple linear regression analysis. The result of analysis revealed that the work environment had a significant effect on work motivation from tcount 3,975 > ttable 1,666 with a significance level of 0,000 < 0,05. Thus, it found that work environment affected work motivation for 39,2% or it was low effect between work envornment on work motivation, and it certainly contained a phenomenon of lack of company attention to employees related to the work environment, particuraly inadequate road access and communication media (signal). Meanwhile, simultaneously work environment had a significant effect on work motivation through the test of R-value coefficient model, namely 0,424, which meant a strong relationship. In addition, the value of R square was 0,180 or 18% whereas the rest 0,820 or 82% was affected by relationship with other factors out of this research.
本研究旨在了解工作环境对工作动机的影响程度。本研究的研究对象是位于波胡瓦托巴拉特的PT. Loka Indah Lestari的74名正式员工。分析方法采用简单线性回归分析。分析结果显示,工作环境对工作动机有显著的影响,从统计3,975 >表1,666,显著性水平为0,000 < 0.05。因此,研究发现工作环境对工作动机的影响为39.2%,或者工作环境对工作动机的影响程度较低,并且它肯定包含了公司对员工缺乏与工作环境相关的关注的现象,特别是道路通道和通信媒体(信号)的不足。同时,通过r值系数模型检验,工作环境对工作动机也有显著影响,即0.424,关系较强。此外,R平方值为0,180或18%,而其余的0,820或82%受本研究中其他因素的关系影响。
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引用次数: 0
How Does The Relationship Between Lifestyle With Consumer Decisions In Buying Motorbikes? 生活方式与消费者购买摩托车的决定之间的关系如何?
Pub Date : 2019-07-30 DOI: 10.37479/jsm.v1i2.2495
Hapsawati Taan, Djoko Lesmana Radji
This study aims to test and analyze the influence of lifestyle on purchasing decisions of Yamaha ZR vega motorcycles at PT. Hasjrat Abadi Gorontalo. This research uses quantitative methods. Respondents are they who ever buy vega zr motors for three last years of 2016, 2017, 2018 that all over 97 people. Data were analyzed using simple regression analysis. The results showed that lifestyle variables had a significant effect on purchasing decisions at PT Hasjrat Abadi Gorontalo City. Suggestions should the leadership of PT Hasjrat Abadi Kota Gorontalo pay more attention to consumer lifestyles, for example, from various motor designs, motorcycle brand images and promotions. In addition, it is expected to pay more attention to the selection of inadequate alternatives and the lack of products with the latest models.
本研究旨在测试和分析生活方式对PT. Hasjrat Abadi Gorontalo的雅马哈ZR vega摩托车购买决策的影响。本研究采用定量方法。受访者是在2016年、2017年、2018年这三年中购买过vega zr电机的人,总数超过97人。数据分析采用简单回归分析。结果表明,生活方式变量对PT Hasjrat Abadi Gorontalo市的购买决策有显著影响。建议PT Hasjrat Abadi Kota Gorontalo的领导应该更多地关注消费者的生活方式,例如从各种汽车设计,摩托车品牌形象和促销中。此外,预计将更加注意替代品的选择不足和缺乏最新型号的产品。
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引用次数: 0
The Effect Of Green Marketing Concept On Consumer Intention To Buy Savana Project Product 绿色营销理念对消费者购买草原工程产品意愿的影响
Pub Date : 2019-07-30 DOI: 10.37479/jsm.v1i2.2499
Rizky Faizal Alamin, Ike Ratnasari
This study aims to determine and analyze the influence part of the green marketing concept where the variables studied include green product, green promotion, green packaging. Towards Savana Project product buying intention, and to know and analyze which variables have the dominant influence on consumer buying interest. The population of this study is all prospective buyers of Savana Project products using the Non-Probability Sampling Method, namely convenience sampling where members of the population can be easily selected as samples. The number of samples in this study were 121 respondents. The analysis technique used is multiple linear regression analysis. Based on the results of the analysis show that all variables simultaneously have a significant effect on buying intention, and are able to contribute to customer loyalty variables by 58.8%. Partially only green products that do not have a significant influence on buying interest. While the other two, namely green promotion and green packaging have a significant influence on consumer buying interest. green promotion becomes the dominant influence variable on customer loyalty with a regression coefficient of 0.501 greater than the other three variables. This shows that green promotion is a variable that greatly influences consumer buying interest.
本研究旨在确定和分析绿色营销理念的影响部分,其中研究的变量包括绿色产品,绿色促销,绿色包装。对热带草原项目产品的购买意愿,了解并分析哪些变量对消费者的购买兴趣有主导影响。本研究的人口是所有Savana项目产品的潜在购买者,使用非概率抽样方法,即方便抽样,可以很容易地选择人口中的成员作为样本。本研究的样本数量为121名受访者。使用的分析技术是多元线性回归分析。基于分析的结果表明,所有变量同时对购买意愿有显著的影响,能够贡献58.8%的顾客忠诚变量。部分绿色产品对购买兴趣没有显著影响。而另外两项,即绿色促销和绿色包装对消费者的购买兴趣有显著影响。绿色促销成为影响顾客忠诚度的主导变量,其回归系数为0.501,大于其他三个变量。这表明绿色促销是一个极大影响消费者购买兴趣的变量。
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引用次数: 3
期刊
Jambura Science of Management
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