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Indonesia’s Strategy In Dealing With The Threat of A Global Recession on Foreign Exchange Reserves In Term of Macro Economic Activity 从宏观经济活动的角度看,印尼应对全球经济衰退对外汇储备威胁的策略
Pub Date : 2023-06-20 DOI: 10.57096/return.v2i06.98
Muchammad Arif Deddy Yuanda, Yudi Sutrasna, D. Navalino
IMF Managing Director Kristalina Georgieva said that Indonesia is a bright spot amidst the gloomy world economy. Previously, Indonesia had experienced considerable economic shocks, namely the Asian financial crisis which began in mid-1997 and peaked in 1998, as well as the global economic crisis in 2008 and 2009. Meanwhile, Indonesia is currently at an inflation rate of 5.59% (mom) based on data obtained from BI in the third quarter of 2022 recorded at 130,782 billion USD with an exchange rate of rupiah against the dollar of IDR 15,650. compared to foreign exchange reserves in 2021 of 144.9 billion USD with an exchange rate of rupiah against the dollar of IDR 14,350 with an inflation rate of 1.87% (YoY). To support the increase in foreign exchange reserves from the macroeconomic side is sourced from large export capabilities, in addition to manufacturing investment, and also on foreign exchange circulation through foreign tourists who come to Indonesia by enriching the tourist sector is able to add to the amount of foreign exchange reserves of the Indonesian state in line with research conducted by rizieq (2006). through manufacturing investment and also the presence of foreign tourists who come are able to create jobs indirectly absorb existing unemployment. so that the wave of recession can still be controlled and foreign exchange reserves increase. it is hoped that the research conducted will be able to provide input to the government in making a policy in facing the wave of recession in Indonesia.
国际货币基金组织总裁克里斯塔利娜·格奥尔基耶娃表示,在低迷的世界经济中,印尼是一个亮点。此前,印度尼西亚经历了相当大的经济冲击,即1997年中期开始并在1998年达到顶峰的亚洲金融危机,以及2008年和2009年的全球经济危机。与此同时,根据BI在2022年第三季度获得的数据,印度尼西亚目前的通货膨胀率为5.59% (mom),记录为130,782亿美元,卢比兑美元汇率为15,650印尼盾。而2021年的外汇储备为1449亿美元,卢比兑美元汇率为14350印尼盾,通货膨胀率为1.87%(同比)。支持外汇储备增加的宏观经济方面的来源是庞大的出口能力,除了制造业投资,还有外汇流通,通过外国游客来到印度尼西亚,丰富旅游部门能够增加印尼国家外汇储备的数量,rizieq(2006)进行的研究一致。通过制造业投资和外国游客的到来,能够间接地创造就业机会,吸收现有的失业。这样,经济衰退的浪潮仍能得到控制,外汇储备也会增加。希望所进行的研究能够为印尼政府制定应对经济衰退浪潮的政策提供参考。
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引用次数: 1
Tax Avoidance, Board of Commissioners, And Leverage's Influence on Firm Value With Profitability As Moderation 以盈利能力为调节因素的避税、董事会和杠杆对企业价值的影响
Pub Date : 2023-06-20 DOI: 10.57096/return.v2i06.112
Andre Andre, H. Ruslim
One way to attract investors is to see how a company's performance can be rated well. The purpose of this study is to obtain empirical evidence on the effect of tax avoidance, board of commissioners, and leverage on firm value with profitability being the role of moderating the relationship between the independent variable and the dependent variable. The data used in this study used quantitative data from financial statement data registered on the IDX in 2018 – 2021 with 124 samples used using the purposive sampling method. The hypothesis was tested by regression analysis of panel data. The tests conducted found that tax avoidance and the board of commissioners had a significant effect on firm value, leverage did not affect firm value. The results of the interaction test show that profitability cannot moderate between tax avoidance variables and leverage on firm value, but profitability can moderate the board of commissioners on firm value with result of Adjusted R2 value gets a result of 22.63% , where there are still 77.37% more variables that can affect the dependent variable, including: Firm Value.
吸引投资者的一个方法是看如何给公司的业绩打分。本研究的目的是获得避税、董事会和杠杆对企业价值影响的实证证据,其中盈利能力是自变量和因变量之间关系的调节作用。本研究中使用的数据使用了2018 - 2021年在IDX上注册的财务报表数据的定量数据,使用目的抽样方法使用了124个样本。通过面板数据的回归分析对假设进行检验。通过检验发现,避税和董事会对企业价值有显著影响,杠杆对企业价值没有影响。交互检验的结果表明,盈利能力在避税变量和杠杆对企业价值之间没有调节作用,但盈利能力可以调节董事会对企业价值的调节作用,调整后的R2值的结果为22.63%,其中仍有77.37%的变量可以影响因变量,包括:企业价值。
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引用次数: 0
Indonesian Defense Industrial Cooperation With The United Arab Emirates In A Defense Economic Perspective 从国防经济角度看印尼与阿拉伯联合酋长国的国防工业合作
Pub Date : 2023-06-20 DOI: 10.57096/return.v2i06.109
Ria Anggun Arian, Sri Sundari, Lukman Yudho Prakoso
The implementation of the defense offset mechanism for the procurement of defense equipment has been going on since the early 1960s, although it was effectively only carried out when IPTN, PT. PAL, and PT. PINDAD established cooperation with the state of arms producers and strategic industries in the mid-1970s. The government's policy for cooperation with the United Arab Emirates in the field of defense industry will be very profitable and also equally build a defense economy and also this cooperation is centered on Joint Marketing for CN235 and N219 aircraft, as well as Joint Development for upgrading versions of N219 aircraft and MALE Black Eagle UAVs, along with Engineering, Design & Flight-Testing WorkPackage cooperation in each product development. This cooperation demonstrates the readiness of the domestic industry for the development ofdefense industry products, through three Defense Industry SOEs, in the form of Joint Marketing cooperation for CN235 multipurpose transport aircraft and N219 light passenger aircraft. The method used in this study is a qualitative method based on the study of in-depth understanding. Qualitative research is a method used to understand the phenomena experienced by the research subject by describing in the form of language, words, and specialnatural contexts.
自20世纪60年代初以来,国防装备采购的国防抵消机制一直在实施,尽管只有在20世纪70年代中期,IPTN, PT. PAL和PT. PINDAD与武器生产商和战略工业国家建立合作关系时才有效实施。政府与阿拉伯联合酋长国在国防工业领域的合作政策将非常有利可图,也同样建立国防经济,这种合作的重点是CN235和N219飞机的联合营销,以及N219飞机和MALE黑鹰无人机的升级版本的联合开发,以及每个产品开发中的工程,设计和飞行测试工作包合作。此次合作表明,通过三家国防工业国有企业,以CN235多用途运输机和N219轻型客机的联合营销合作的形式,国内工业为发展国防工业产品做好了准备。本研究采用的方法是基于深入理解研究的定性方法。定性研究是一种通过描述语言、词汇和特殊自然语境的形式来理解研究对象所经历的现象的方法。
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引用次数: 0
The Influence of Regional Expenditure In The Education, Health, And Investment Sectors On The Human Development Index In Eastern Indonesia Region 印度尼西亚东部地区教育、卫生和投资部门的区域支出对人类发展指数的影响
Pub Date : 2023-06-08 DOI: 10.57096/return.v2i06.110
Nilam Nofiana Erwanti, W. Wahyunadi, Hadi Mahmudi
This study aims to analyze the effect of Regional Expenditure on Education and Health derived from the  APBN and APBD, Domestic Investment, and Foreign Investment on the Human Development Index in Eastern Indonesia. This study uses the paneldata analysis method. The research data use time series data from the 2015-2019 period and cross-section data on 13 provinces in Eastern Indonesia. The variables used in this study are the HDI as the dependent variable, then the Education and Health Deconcentration funds, Education and Health Function Expenditures, DDI and FDI Investment Realization as independent variables. The results showed that regional expenditure in the field of education originating from the APBN had a significant negative effect on HDI in Eastern Indonesia, regional expenditure in the field of education originating from the APBD had a significant positive effect on HDI, regional expenditure in the field of health originating from the APBN had a negative and insignificant effect on HDI, regional expenditure in the field of health originating from the APBD had a significant positive effect on HDI. DDI has a positive and insignificant effect on HDI. FDI partially has a negative and insignificant effect on HDI
本研究旨在分析印尼东部地区教育和卫生支出、国内投资和外国投资对人类发展指数的影响。本研究采用面板数据分析法。研究数据使用了2015-2019年期间的时间序列数据和印度尼西亚东部13个省的截面数据。本研究以人类发展指数为因变量,以教育卫生分散资金、教育卫生职能支出、DDI和FDI投资实现为自变量。研究结果表明,来自“太平洋经济区”的区域教育支出对印尼东部地区的HDI有显著的负向影响,来自“太平洋经济区”的区域教育支出对HDI有显著的正向影响,来自“太平洋经济区”的区域卫生支出对HDI的影响为负且不显著。来自亚太区域发展计划的卫生领域区域支出对人类发展指数产生了显著的积极影响。DDI对HDI有显著的正向影响。FDI对HDI有部分负向且不显著的影响
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引用次数: 0
Defining Future Strategies of Warehouse Receipt System Corporation With BCG Matrix Analysis (Case PT Food Station Tjipinang Jaya, Geneng Village, Geneng Sub-District, Ngawi Regency) 用BCG矩阵分析定义仓单系统公司的未来战略(以Ngawi县Geneng街道Geneng村PT食品站Tjipinang Jaya为例)
Pub Date : 2023-05-29 DOI: 10.57096/return.v2i05.106
Andromeda Andromeda, Syarif Imam Hidayat, Mubarokah Mubarokah
The purpose of this research is to formulate the future strategies for warehouse receipt system corporation (PT Food Station Tjipinang Jaya) in Geneng Village, Geneng Sub-District, Ngawi Regency. This research uses Boston Consulting Group matrix analysis and use secondary data from BAPPEBTI as warehouse receipt system (WRS) regulator. Using data from BAPPEBTI (2020-2021) that consist of 7 rice commodity WRS managers, then reduced to 4 rice commodity WRS managers including PT Food Station Tjipinang Jaya. The management of PT Food Station Tjipinang Jaya Strategy decide to conduct strategic formulation using BCG matrix analysis between PT. Tjipinang Jaya Food Station and also 3 of its competitors during 2020-2021 for the rice commodity WRS business. And the results of this analysis it is known that PT Food Station Tjipinang Jaya has a market share of 47.20% and a market growth of 51.59%. Meanwhile, the relative market share value of PT Food Station Tjipinang Jaya is 0.513 times. PT. Tjipinang Jaya Food Station is in quadrant II (0.513 : 51.59%), namely the STARS quadrant. In this quadrant shows the performance of PT. Food Station Tjipinang Jaya with high market growth and relatively high market share. In the STARS quadrant, the strategy adopted by PT. Tjipinang Jaya Food Station is a strategy related to improving warehouse receipt system services consist of : integration strategies (backward, forward and horizontal), market penetration strategy, market development strategy and product development strategy.
本研究的目的是为在Ngawi县Geneng街道Geneng村的仓库收据系统公司(PT Food Station Tjipinang Jaya)制定未来的策略。本研究采用波士顿咨询集团矩阵分析,并使用BAPPEBTI的二手数据作为仓单系统(WRS)调节器。使用BAPPEBTI(2020-2021)的数据,该数据由7个稻米商品WRS管理机构组成,然后减少到4个稻米商品WRS管理机构,包括PT Food Station Tjipinang Jaya。PT Food Station Tjipinang Jaya Strategy的管理层决定在2020-2021年期间,利用PT. Tjipinang Jaya Food Station及其3个竞争对手之间的BCG矩阵分析,对大米商品WRS业务进行战略制定。分析结果可知,PT食品站Tjipinang Jaya的市场份额为47.20%,市场增长率为51.59%。同时,PT食品站Tjipinang Jaya的相对市场份额值为0.513倍。PT. Tjipinang Jaya Food Station位于象限II(0.513: 51.59%),即STARS象限。本象限为PT. Food Station Tjipinang Jaya的业绩,市场增长率高,市场占有率相对较高。在STARS象限中,PT. Tjipinang Jaya Food Station采用的策略是与改善仓单系统服务相关的策略,包括:整合策略(后向、前向、横向)、市场渗透策略、市场开发策略和产品开发策略。
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引用次数: 0
The Determinants of Sustainable Apparel Products In Indonesia Exploring Consumer “Attitude-Purchase Intention” Gap 印尼服装产品可持续发展的决定因素:探讨消费者“态度-购买意愿”差距
Pub Date : 2023-05-29 DOI: 10.57096/return.v2i05.105
Fitriatul Zahroh
Fashion products have a short cycle that results in harmful environmental damage, a shift to more sustainable consumption purchase is needed in Indonesia. Although public interest in sustainability has increased and consumer attitudes are positive, their purchase intentions are inconsistent with attitudes. This study aims to reveal the psychological drivers and barriers (utilitarian consumption, social norms, attitudes) as well as the price-saving orientation of Indonesian consumers' purchase intentions towards thrifting clothing products by exploring the attitude-purchase intention gap. Online survey data were used to examine the moderate impact of utilitarian consumption, social norms and price-saving orientations on the relationship between Indonesian consumers' attitudes and purchase intentions towards thrifting products, particularly the greater Jakarta area. The results of the PLS-SEM analysis show that (1) attitude has a significant influence on purchase intention, (2) utility value negatively moderated the relationship, (3) and social norms negatively moderated the relationship, (4) while price saving orientation has a positive relationship to purchase intention. This study does not validate the attitude-purchase gap model in sustainable consumer purchase, however it does discuss how the current findings can help researchers and practitioners in the Apparel and Textile field to refine and improve sustainable programs and marketing strategies in Indonesia.
时尚产品周期短,对环境造成有害破坏,印尼需要转向更可持续的消费购买。虽然公众对可持续发展的兴趣有所增加,消费者的态度是积极的,但他们的购买意图与态度不一致。本研究旨在通过对态度-购买意愿差距的探究,揭示印尼消费者节俭服装购买意愿的心理驱动因素和障碍(功利主义消费、社会规范、态度)以及价格节约取向。在线调查数据用于检验功利主义消费、社会规范和价格节约取向对印度尼西亚消费者对节俭产品的态度和购买意愿之间关系的适度影响,特别是在大雅加达地区。PLS-SEM分析结果显示:(1)态度对购买意愿有显著影响,(2)效用价值对购买意愿有负向调节作用,(3)社会规范对购买意愿有负向调节作用,(4)价格节约取向对购买意愿有正向影响。本研究并未验证可持续消费者购买中的态度-购买差距模型,但它确实讨论了当前的研究结果如何可以帮助服装和纺织领域的研究人员和从业者改进和改进印度尼西亚的可持续计划和营销策略。
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引用次数: 0
Evaluation of Revenue Accounting Implementation According to Government Regulation No. 71 Of 2010 in Regional Revenue Services of East Java Province 根据2010年第71号政府法规对东爪哇省区域税收服务收入核算实施情况的评估
Pub Date : 2023-05-29 DOI: 10.57096/return.v2i05.104
Gusti Dimas, Prasetyawan Ranuh, Heru Tjaraka
This study was conducted to evaluate the application of revenue accounting in accordance with Government Regulation No. 71 Year 2010 on Government Accounting Standards on accrual basis in Regional Revenue Offices of East Java Province. The application of Government Accounting Standards on accrual basis have to be fully applied by the start of the year 2015. There is still many local government agencies that hasn’t fully applied government accounting standards on accrual basis, the reasons for local government agency that hasn’t fully applied government accounting standards is the lack of human resources that understand the government accounting standards on accrual basis in Government Offices, the accounting application systems that inadequate resulting in financial reporting took a long time. In This study, the writer has conducted interviews in Sub-Division of Finance, responsible to made the financial statements in Regional Revenue Offices of East Java Province. The Interviews conducted were about the application of Government Accounting Standards on accrual basis, revenue accounting policies. The results showed that Regional Revenue Offices of East Java Province has applied the Revenue Income appropriate with The Government Regulation No. 71 Year 2010 on Government Accounting Standards on accrual basis.
本研究旨在根据2010年第71号政府法规《权责发生制政府会计准则》在东爪哇省区域税务局评估收入会计的应用。应在2015年初全面实施权责发生制政府会计准则。目前仍有很多地方政府机关未全面应用权责发生制政府会计准则,地方政府机关未全面应用政府会计准则的原因是政府机关缺乏了解权责发生制政府会计准则的人力资源,会计应用制度不完善导致财务报告耗时较长。在本研究中,笔者在东爪哇省区域税务局负责财务报表制作的财务分科进行了访谈。访谈内容涉及权责发生制政府会计准则的应用、收入会计政策等。结果表明,东爪哇省的区域税务局采用了与权责发生制政府会计准则2010年第71号政府法规相适应的收入。
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引用次数: 0
Assessing PT. Bithouse's Priority Strategy In Achieving The Artificial Intelligence Market 评估PT. Bithouse在实现人工智能市场方面的优先战略
Pub Date : 2023-05-24 DOI: 10.57096/return.v2i05.99
Bagus Putu Ardha Krishna Putra, Nyoman Sri Subawa
This research paper aims to explore the managerial strategies adopted by PT. Bithouse, an IT consulting company specializing in AI application development, penetrates the artificial intelligence market in Indonesia. The study employs a qualitative research method to gain in-depth insights into the strategic approaches used by PT. Bithouse. Through interviews, observations, and document analysis, the research seeks to provide a comprehensive understanding of the company's management practices, decision-making processes, and adaptation strategies in the rapidly evolving AI landscape. The findings of this research can contribute to the knowledge and understanding of effective managerial strategies for AI-focused companies operating in emerging markets like Indonesia.
这篇研究论文旨在探讨PT. Bithouse采用的管理策略,一家专门从事人工智能应用开发的IT咨询公司,渗透到印度尼西亚的人工智能市场。本研究采用定性研究方法,深入了解碧豪斯公司所采用的战略方法。通过访谈、观察和文件分析,该研究旨在全面了解该公司在快速发展的人工智能环境中的管理实践、决策过程和适应策略。这项研究的结果可以帮助在印度尼西亚等新兴市场运营的以人工智能为重点的公司了解和理解有效的管理策略。
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引用次数: 0
Evaluation of Micro, Small And Medium Enterprises (MSMES) Financing Policies For MSME Actors In Yogyakarta 日惹中小微企业(MSMES)融资政策评价
Pub Date : 2023-05-23 DOI: 10.57096/return.v2i05.100
Gusti Gede Heru Marwanto, A. N. Rahmadi, N. Yap
The purpose of this study is to analyze financing policies for Micro, Small and Medium Enterprises (MSMEs) in the Special Region of Yogyakarta.   Because MSMEs are the type of economic activity that is most widely carried out by the Indonesian people as a fulcrum in obtaining income for their survival. The role of MSMEs in the Indonesian economy is not only as an absorber of labor because the percentage reaches 90% when compared to large businesses, but also able to introduce various local products to the international world. The type of research carried out is qualitative research with descriptive analytical methods, descriptive data analysis. The results showed that the development of MSME business actors showed an increase. The main obstacles faced by MSME actors are limited business management and fear of taking risks. The lack of coaching and involvement of related agencies is also considered as a factor in the slow development of their business.  However, the role of the government is needed in the sustainability and improvement of MSMEs in Yogyakarta.
本研究旨在分析日惹特区中小微企业(MSMEs)的融资政策。因为中小微企业是印尼人民最广泛从事的一种经济活动,是他们获得生存收入的支点。中小微企业在印尼经济中的作用不仅是作为劳动力的吸收者,因为与大企业相比,中小微企业的比例达到90%,而且还能够向国际世界介绍各种当地产品。所进行的研究类型是定性研究,采用描述性分析方法,描述性数据分析。结果表明,中小微企业经营主体的发展呈现增长趋势。中小微企业行动者面临的主要障碍是有限的业务管理和害怕承担风险。缺乏相关机构的指导和参与也被认为是其业务发展缓慢的一个因素。然而,政府在日惹中小微企业的可持续发展和改善方面需要发挥作用。
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引用次数: 1
Classic Car Collector: Passion Investment: Study On Classic Car Collectors in Semarang 老爷车收藏家:激情投资:三宝垄老爷车收藏家研究
Pub Date : 2023-05-23 DOI: 10.57096/return.v2i05.102
Bidadari Yuritza Destilasilika, Mirwan Surya Perdhana
This research is a qualitative research. Data collection was carried out using the interview method. This study aims to find out facts about passion investment in classic car collectors in Semarang. In recent years, the investment trend in Indonesia has increased. One alternative investment that is in demand is investing in art. Items that have works of art such as antiques can be used as an investment. In 2023 the number of investors investing in classic cars has increased from the previous year. In addition, over the past decade investing in classic cars has financially done better than many other collectibles such as stamps or coins. In this study generate data regarding the facts of investing in classic cars. Potential investors need significant knowledge about classic cars because not all old cars can be considered classics. The car is rare or available everywhere. Classic cars are depreciable assets, so it is very important for investors to know how to maintain the value of classic cars. Investing in classic cars is a little risky because to generate a reasonable return, investors must buy the vehicle and repair or maintain it before reselling it. Most classic car investors view their investments as a hobby rather than a method of making material gains.
本研究为定性研究。数据收集采用访谈法进行。本研究旨在了解三宝垄老爷车收藏家的热情投资情况。近年来,在印尼的投资趋势有所增加。另一种受欢迎的投资方式是投资艺术品。有艺术品的物品,如古董,可以用作投资。2023年,投资老爷车的投资者数量比前一年有所增加。此外,在过去十年中,投资老爷车在财务上的表现要好于邮票或硬币等许多其他收藏品。在这项研究中,产生了关于投资老爷车的事实的数据。潜在的投资者需要对老爷车有深刻的了解,因为并非所有的老爷车都能被视为经典。这种车很少见,到处都能买到。老爷车属于可折旧资产,因此如何保持老爷车的价值对投资者来说非常重要。投资老爷车有点风险,因为要产生合理的回报,投资者必须在转售之前购买车辆并对其进行维修或保养。大多数老爷车投资者将他们的投资视为一种爱好,而不是一种赚取物质收益的方法。
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引用次数: 1
期刊
Return : Study of Management, Economic and Bussines
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