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Determinants of Indonesia Government Bonds Yield Period 2019-2022 2019-2022 年期间印度尼西亚政府债券收益率的决定因素
Pub Date : 2024-01-20 DOI: 10.59188/devotion.v5i1.660
Destyanah Husein, Endri Endri
This research seeks to examine how the yields of Indonesian government bonds are influenced by various factors, including the BI interest rate, inflation, foreign exchange reserves, IHSG, and exchange rates. The investigation utilizes monthly time series data spanning from 2019 to 2022, focusing on the benchmark series of 10-year SUN. Data analysis is carried out using Eviews 13, and the GARCH-M (1,1) analytical method is employed. The research findings reveal that the BI interest rate has a notably positive and significant effect on bond yields. In contrast, inflation does not exhibit a significant impact on bond yields. Foreign exchange reserves are found to have a considerable negative impact on bond yields. IHSG, on the other hand, does not demonstrate a significant influence on bond yields. Lastly, exchange rates are identified as having a meaningful positive impact on bond yields.
本研究旨在探讨印尼政府债券的收益率如何受到各种因素的影响,包括印尼央行利率、通货膨胀、外汇储备、印尼人寿保险集团(IHSG)和汇率。调查使用了从 2019 年到 2022 年的月度时间序列数据,重点关注 10 年期 SUN 的基准序列。使用 Eviews 13 进行数据分析,并采用 GARCH-M (1,1) 分析方法。研究结果表明,BI 利率对债券收益率有明显的正向显著影响。相比之下,通货膨胀对债券收益率的影响并不大。外汇储备对债券收益率有相当大的负面影响。另一方面,IHSG 对债券收益率没有显著影响。最后,汇率被认为对债券收益率有重要的积极影响。
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引用次数: 0
Determinants of Financial Performance of Sharia Commercial Banks With Capital Adequacy Ratio and Sharia Supervisory Board as Moderator Variables 以资本充足率和伊斯兰教监事会为调节变量的伊斯兰教商业银行财务绩效的决定因素
Pub Date : 2024-01-20 DOI: 10.59188/devotion.v5i1.659
Burhanuddin Burhanuddin, B. S. Marsoem
This study aims to determine and examine the effect of Capital Adequency Ratio, Non-performing Financing (NPF), Islamic Corporate Social Resposibility (ICSR), Financing to Deficit Ratio on Financial Performance and Sharia Supervisory Board as Moderator variables. This study used a type of quantitative descriptive research. The population in this study is 13 sharia Commercial Banks in Indonesia and the sampling technique used is purposive sampling, there are 10 Sharia Commercial Banks that have criteria as research samples. In this study, the data analysis methods used are Descriptive Statistical Analysis, Multiple Linear Regression, Classical Assumption Test, Hypothesis Test and Model Moderated Regression Analysis (MRA) Test. The results showed that Akad Mudharabah and Musyarakah Financing did not have a significant effect on financial performance, Non-performing  Financing (NPF) did not affect  financial performance, Islamic Corporate Social Resposibility (ICSR) had a positive and significant effect on financial performance, Financing to Deficit Ratio does not have a significant effect on Financial Performance. The results showed that the CAR moderator variable could only moderate the ICSR against ROA. Furthermore, for variables DPS moderators can only moderate Akad Mudharabah and Musyarakah  Financing against ROA and moderate ICSR against ROA.
本研究旨在确定和检验资本充足率、不良融资(NPF)、伊斯兰企业社会责任(ICSR)、融资与赤字比率对财务业绩的影响,并将伊斯兰教法监督委员会作为调节变量。本研究采用定量描述性研究。研究对象是印度尼西亚的 13 家伊斯兰商业银行,采用的抽样技术是目的性抽样,其中有 10 家伊斯兰商业银行符合研究样本的标准。本研究采用的数据分析方法包括描述性统计分析、多元线性回归、经典假设检验、假设检验和模型修正回归分析(MRA)检验。结果表明,Akad Mudharabah 和 Musyarakah 融资对财务绩效没有显著影响,不良融资(NPF)对财务绩效没有影响,伊斯兰企业社会责任(ICSR)对财务绩效有积极的显著影响,融资与赤字比率对财务绩效没有显著影响。结果显示,CAR 调节变量只能调节 ICSR 对 ROA 的影响。此外,DPS 调节变量只能调节 Akad Mudharabah 和 Musyarakah 融资对投资回报率的影响,以及调节 ICSR 对投资回报率的影响。
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引用次数: 0
Feasibility Analysis of The Content of BIPA Bahasaku Level 1 Textbook Published By Alam Bahasa Indonesia BIPA 巴哈萨库一级教科书内容的可行性分析(印尼阿拉姆出版社出版
Pub Date : 2024-01-20 DOI: 10.59188/devotion.v5i1.647
Nur Laila Maharani, B. W. B. Widharyanto, Setya Tri Nugraha
Selecting quality textbook is highly predominant in learning process. There are such diverse standards shuould be taken into consideration by the textbook atuhors as content, language, presentation, and graphics. This article describes the appropriateness of the contents of the BIPA Bahasaku level 1 textbook published by Alam Bahasa Indonesia. This research uses a quantitative approach with descriptive quantitative methods. The data analysis technique is carried out through several stages, namely creating scoring criteria, reading qualitative data results, assessing the suitability of the content, and determining eligibility status. The research results show that from the aspect of its content, this book is suitable for utilization in BIPA learning, although several things need to be corrected and improved, namely the depth of the material, the accuracy of learning activities, and the up-to-date references. Based on the assessment results, the contents of this textbook obtained a percentage of 66,6% in the appropriate category. The assessment includes suitability of Competency Standard and Basic Competencies (completeness, breadth, and depth of material), the accuracy of material (accuracy of concepts, definitions, terms, examples, facts, pictures, diagrams, illustrations, data, questions), and learning support material (suitability to development knowledge, up-to-date features/examples/exercises/references, reasoning, problem-solving, relationships between concepts, communication).
在学习过程中,选择高质量的教科书至关重要。教科书编写者应考虑内容、语言、表现形式和图形等不同标准。本文介绍了由印尼国家图书馆出版的 BIPA Bahasaku 一级教科书内容的适当性。本研究采用描述性定量方法。数据分析技术通过几个阶段进行,即创建评分标准、阅读定性数据结果、评估内容的适宜性以及确定资格状态。研究结果表明,从内容上看,本书适合在 BIPA 学习中使用,但有几处需要修正和改进,即材料的深度、学习活动的准确性和参考文献的更新。根据评估结果,这本教科书的内容在适当类别中获得了 66.6% 的百分比。评估内容包括能力标准和基本能力的适用性(材料的完整性、广度和深度)、材料的准确性(概念、定义、术语、示例、事实、图片、图表、插图、数据、问题的准确性)和学习辅助材料(知识发展的适用性、最新特征/示例/练习/参考、推理、解决问题、概念之间的关系、交流)。
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引用次数: 0
Analysis on the Determinants of Republic of Indonesia Sovereign Sukuk Liquidity in Secondary Market 印度尼西亚共和国主权债券二级市场流动性决定因素分析
Pub Date : 2024-01-20 DOI: 10.59188/devotion.v5i1.662
Bahal Anugrah Pranata, R. Rokhim
This study investigates the determinants of liquidity in Sharia Securities (SBSN) by analyzing the impact of bond-specific and macroeconomic factors on the bid-ask spread as a proxy for liquidity. Using panel data regression analysis, the study examines 62 tradable series of SBSN from 2013 to 2022, considering factors such as outstanding amount, time to maturity, yield to maturity, Rupiah exchange rate, inflation rate, reference interest rate, Indonesia Stock Exchange Composite Index (IHSG), and Indonesia Credit Default Swap (CDS). Results indicate that time to maturity, yield to maturity, central bank reference interest rate (BIRate), IHSG, and CDS significantly influence the bid-ask spread of SBSN, while outstanding amount, Rupiah exchange rate, and inflation rate do not. Additionally, analysis reveals that a strengthening IHSG and higher CDS widen the bid-ask spread, indicating reduced liquidity. These findings provide insights for stakeholders including issuers, investors, and regulators in managing SBSN liquidity in the Indonesian market.
本研究通过分析债券特定因素和宏观经济因素对作为流动性代表的买卖价差的影响,研究了伊斯兰教法证券(SBSN)流动性的决定因素。研究采用面板数据回归分析法,考察了 2013 年至 2022 年期间 62 个可交易的 SBSN 系列,考虑了未偿金额、到期时间、到期收益率、印尼盾汇率、通货膨胀率、参考利率、印尼证券交易所综合指数(IHSG)和印尼信用违约掉期(CDS)等因素。结果表明,到期时间、到期收益率、中央银行参考利率(BIRate)、IHSG 和 CDS 对 SBSN 的买卖价差有显著影响,而未偿还金额、印尼盾汇率和通货膨胀率则没有影响。此外,分析表明,IHSG 增强和 CDS 增加会扩大买卖价差,表明流动性降低。这些发现为包括发行商、投资者和监管机构在内的利益相关者提供了管理印尼市场 SBSN 流动性的见解。
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引用次数: 0
Streetscape Characteristic of The Coastal Area 沿海地区的街景特征
Pub Date : 2024-01-20 DOI: 10.59188/devotion.v5i2.680
Pingkan P. Egam, Michael M. Rengkung, Leidy M. Rompas, Arthur H. Thambas
The city corridor is a strategic area with its own aesthetic and functional value. In connection with the city's beauty, streetscape is one of the determining aspects in terms of architecture and spatial planning. The existence of streetscape tends to be overlooked, resulting in the area lacking identity. The presence of streetscape with character can provide a strong identity for the area, especially when the corridor in question has strategic value in terms of function and location. Proximity to the coastal area is indeed one of the advantages, although currently, it is still hidden, especially architecturally. This research aims to analyze streetscape elements with a coastal area approach. The research location is in the corridor of Piere Tendean Street, Manado, divided into 3 segments. The observed units include pedestrians, street furniture, activities, and buildings on the roadside. The conclusion is obtained that there are soft elements, hard elements, mobile elements, and natural elements. Elements closely related to the coastal area are mobile elements, such as activities enjoying the beauty of the beach equipped with breakwaters, activities in pedestrian and park locations, as well as fishing activities conducted in the empty space where the river meets the beach.
城市走廊是一个具有自身美学和功能价值的战略区域。与城市之美相关,街景是建筑和空间规划的决定性因素之一。街景的存在往往被忽视,导致区域缺乏特色。有特色的街景可以为该地区带来强烈的认同感,尤其是当有关走廊在功能和位置方面具有战略价值时。临近沿海地区确实是优势之一,尽管目前它仍被掩盖,尤其是在建筑方面。本研究旨在从沿海地区的角度分析街景元素。研究地点位于万鸦老 Piere Tendean 街的走廊,分为三个部分。观察单元包括行人、街道设施、活动和路边建筑。得出的结论是,存在软要素、硬要素、移动要素和自然要素。与沿海地区密切相关的元素是流动元素,如欣赏装有防波堤的海滩美景的活动、在步行街和公园地点的活动以及在河流与海滩交汇处的空地上进行的捕鱼活动。
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引用次数: 0
The Influence of Big Five Personality and School Climate on Junior High School Students' Altruism Attitudes 大五人格和学校氛围对初中生利他主义态度的影响
Pub Date : 2024-01-20 DOI: 10.59188/devotion.v5i1.674
Dewi Arisanti, Tarmidi Dadeh, Raras Sutatminingsih
This research investigates the influence of Big Five Personality traits and school climate on altruistic attitudes among junior high school students in Medan. Altruism, defined as selfless kindness, is crucial during adolescence, a transitional period marked by various changes. While foreign cultures and individualistic mindsets may hinder altruistic attitudes, teaching altruism from an early age is essential. The study aims to examine the impact of Big Five Personality traits (openness, conscientiousness, extraversion, agreeableness and neuroticism) and school climate on altruistic attitudes. The research involves 728 students from three schools and utilizes scales for personality, school climate, and altruism. The results indicate that school climate significantly predicts altruism, contributing 32%, while Big Five Personality traits contribute 12%. Openness, agreeableness and neuroticism personality types, along with safety and academic dimensions of school climate, play a significant role. Although the joint influence is limited (13.2%), school climate emerges as a more dominant factor in shaping altruistic attitudes among junior high school students. The findings emphasize the importance of fostering a positive school climate to enhance altruistic behaviors.
本研究调查了大五人格特质和学校氛围对棉兰市初中生利他主义态度的影响。利他主义被定义为无私的仁慈,在青春期这个充满各种变化的过渡时期至关重要。虽然外来文化和个人主义思想可能会阻碍利他主义态度的形成,但从小开始教授利他主义是至关重要的。本研究旨在探讨大五人格特质(开放性、自觉性、外向性、合意性和神经质)和学校氛围对利他态度的影响。研究涉及三所学校的 728 名学生,采用了人格、学校氛围和利他主义量表。结果表明,学校氛围对利他主义有明显的预测作用,占 32%,而大五人格特质占 12%。开放性、宜人性和神经质人格类型,以及学校氛围的安全和学术维度都发挥了重要作用。虽然共同影响有限(13.2%),但学校氛围在初中生利他主义态度的形成过程中起着更主要的作用。研究结果强调了营造积极的学校氛围对促进利他行为的重要性。
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引用次数: 0
Systematic Review of Digital Literacy in the Implementation of Indonesian Language Learning 印度尼西亚语言学习中的数字扫盲系统性回顾
Pub Date : 2024-01-20 DOI: 10.59188/devotion.v5i1.672
Wahyu Dini Septiari, S. Suwandi
This research aims to collect, summarize, analyze, and synthesize information about digital media in learning from journal articles published between 2020 and 2024. The researcher conducted a literature search on several online databases, including Crossref and Google Scholar. The selection process resulted in 30 articles for analysis. The research findings indicate that among various learning media discussed in the articles are ICT devices, e-learning, animated videos, social media, Canva applications, Google Sites, Google Docs, pop-up books, flip classrooms, and coding.
本研究旨在从 2020 至 2024 年间发表的期刊论文中收集、总结、分析和归纳有关数字媒体在学习中的应用的信息。研究人员在多个在线数据库(包括 Crossref 和 Google Scholar)上进行了文献检索。经过筛选,共有 30 篇文章可供分析。研究结果表明,文章中讨论的各种学习媒体包括信息和通信技术设备、电子学习、动画视频、社交媒体、Canva 应用程序、谷歌网站、谷歌文档、弹出式图书、翻转课堂和编码。
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引用次数: 0
Legal Standing of The Deed of Sale and Purchase Against Expired Building Rights Certificate (Case Study of Decision No. 571/Pdt.G/2021/PN.Bks jo. Decision No. 591/PDT/2022/PT.BDG) 针对过期建筑权利证书的买卖契约的法律地位(第 571/Pdt.G/2021/PN.Bks jo.第 591/PDT/2022/PT.BDG 号决定)
Pub Date : 2024-01-04 DOI: 10.59188/devotion.v5i1.653
Gerardus Aldo Salim, Ariawan Gunadi
This research aims to determine, assess, and analyze the legal status of the Land Sale and Purchase Deed (AJB) compared to the Expired Building Use Rights Certificate, to investigate and analyze the role of a notary in land registration implementation and reconstruction, and to identify and analyze the latest provisions regarding land ownership rights. This research utilizes a normative juridical approach with a descriptive analytical research method. The data used in this research are the disputed land cases located in Kampung Bojong Menteng, Rawalumbu District, Bekasi City, referring to the Expired Building Use Rights Certificate based on Decision No. 571/Pdt.G/2021/PN.Bks jo Decision No. 591/PDT/2022/PT.BDG. Based on the analysis, it is discovered that Decision No. 591/PDT/2022/PT.BDG, issued on November 10, 2022, has invalidated Decision No. 571/Pdt.G/2021/PN.Bks, issued on August 8, 2022, by the Bekasi District Court. Several differences were identified, including: (1) differences regarding the disputed object; (2) differences regarding the parties involved in the dispute; and (3) differences regarding the principle of nebis in idem. These differences prove the existence of unlawful acts committed by PT. Bangun Tjipta Pratama as the owner of the Expired Building Use Rights Certificate, with unclear ownership rights over the land owned by Rekson Sitorus, and the unlawful act conducted by the Bekasi National Land Agency, which issued SHGB No. 7 as the rightful owner of the land in question.
本研究旨在确定、评估和分析土地买卖契约(AJB)与过期建筑使用权证相比的法律地位,调查和分析公证人在土地登记实施和重建中的作用,并确定和分析有关土地所有权的最新规定。本研究采用规范法学方法和描述性分析研究方法。本研究使用的数据是位于勿加泗市拉瓦伦布区甘榜博宗门登的有争议土地案件,这些案件涉及基于第 571/Pdt.G/2021/PN.Bks 号决定和第 591/PDT/2022/PT.BDG 号决定的过期建筑使用权证。根据分析发现,2022 年 11 月 10 日颁布的第 591/PDT/2022/PT.BDG 号裁决已宣布勿加泗地区法院 2022 年 8 月 8 日颁布的第 571/Pdt.G/2021/PN.Bks 号裁决无效。其中发现了若干差异,包括:(1) 与争议标的物有关的差异;(2) 与争议所涉各方有关的差异;(3) 与一罪不二审原则有关的差异。这些差异证明了 PT.Bangun Tjipta Pratama 公司作为已过期建筑使用权证的所有者,对 Rekson Sitorus 公司所拥有的土地所有权不明确,而勿加泗国家土地局作为涉案土地的合法所有者签发了 SHGB 第 7 号土地使用权证,其行为属于非法行为。
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引用次数: 0
Analysis of Strategy 345 as an Effort to Achieve Participation Targets in BPJS Ketenagakerjaan 分析战略 345,努力实现 BPJS Ketenagakerjaan 的参与目标
Pub Date : 2023-12-25 DOI: 10.59188/devotion.v4i12.641
Tarimantan Sanberto Saragih, Fergie Stevi Mahaganti, An Nisa Pramasanti, Mochammad Andika Putra, Septa Bagaskara, Eldest Augustin, Kania Fitriani
BPJS Ketenagakerjaan has the task and function of administering Employment Social Security through 5 Employment Social Security Programs, namely Employment Injury Insurance Program (EII), Death Benefit Program (DB), Old-Age Benefit Program (OAB), Pension Benefit Program (PB), and Unemployment Insurance Program (UI). The aim of this research is to analyze 345 strategies in an effort to achieve the target of membership in BPJS Ketenagakerjaan. This study used qualitative research methods. The data collection technique in this research is a literature study obtained from Google Scholar and internal research carried out internally at BPJS Ketenagakerjaan. The collected data was analyzed in three stages: data reduction, data presentation, and drawing conclusions. The research results show that the 345 strategy is the right strategy to increase membership with 3 main programs, namely retention, intensification, and expansion, with 4 focuses, namely village ecosystems, market ecosystems, e-commerce and SMEs, and vulnerable workers through 5 engines, namely agency systems, figures, supply chain, auto debit, compliance, and positive supervision. This strategy can increase public awareness, increase coverage, or increase BPJS Ketenagakerjaan participation regarding the benefits of the EII, DB, OAB, PB, and UI programs, as well as increase BPJS Ketenagakerjaan program participants.
BPJS Ketenagakerjaan 的任务和职能是通过五项就业社会保障计划管理就业社会保障,即工伤保险计划(EII)、死亡抚恤金计划(DB)、老年津贴计划(OAB)、养老金津贴计划(PB)和失业保险计划(UI)。本研究旨在分析 345 项战略,以努力实现 BPJS Ketenagakerjaan 的会员目标。本研究采用定性研究方法。本研究的数据收集技术是从谷歌学术中获取的文献研究以及 BPJS Ketenagakerjaan 内部开展的内部研究。收集到的数据分三个阶段进行分析:数据还原、数据展示和得出结论。研究结果表明,"345 "战略是通过 3 个主要方案(即保留、强化和扩大)增加成员的正确战略,4 个重点(即乡村生态系统、市场生态系统、电子商务和中小企业以及弱势工人)通过 5 个引擎(即代理系统、数字、供应链、自动借记、合规和积极监督)实现。该战略可提高公众对经济保险计划、发展银行计划、老年退休金计划、公共预算计划和失业保险计划益处的认识,扩大覆盖面,或提高 BPJS Ketenagakerjaan 的参与度,并增加 BPJS Ketenagakerjaan 计划的参与者。
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引用次数: 0
Transportation Disaster Risk Analysis on The Road Segment Tapan (South Pesisir, West Sumatera) – Sungai Penuh (Kerinci, Jambi) 塔潘(西苏门答腊,南佩西西尔)至双溪潘努(占碑省,杰林西)路段的交通灾害风险分析
Pub Date : 2023-12-20 DOI: 10.59188/devotion.v4i12.638
Fidel Miro
Road segments ranging from local roads to national roads are the most urgent arteries in the mobilization of goods and people and determine the progress of economic development. Therefore the road must be constructed in accordance with the standards set out in the laws and regulations, including here the national road that has high economic value that connects the two regions of the two provinces namely Tapan Pesisir Selatan in the West Sumatra province and the Sungai Penuh Kerinci in Jambi province the two regions is closely related in economic and trade relations and the distance is only close to 64 km, but the terrain conditions have the potential to cause traffic accidents because natural factors penetrate row hills that have high geographical and national road standardization factors that do not have the attributes of road safety equipment complete. In this regard, it is necessary to examine how much the level of potential hazards caused by roads through disaster risk analysis in the transportation sector using the disaster risk analysis model. The results of the analysis using the disaster risk analysis model of the Tapan Sumbar - Sungai Penuh Kerinci Jambi road have a high hazard vulnerability level of 8.05 or above 5 means that this road needs to be improved both its construction and road safety equipment.
从地方公路到国家公路,各路段都是调动货物和人员的最紧迫动脉,决定着经济发展的进程。因此,公路建设必须符合法律法规规定的标准,其中包括这条具有较高经济价值的国道,它连接着两省的两个地区,即西苏门答腊省的 Tapan Pesisir Selatan 和占碑省的 Sungai Penuh Kerinci、但地形条件却有可能导致交通事故,因为自然因素穿透行山的地理因素和国家道路标准化因素较高,不具备完整的道路安全设备属性。为此,有必要利用灾害风险分析模型,通过对交通部门的灾害风险分析,研究公路造成的潜在危害程度有多大。使用灾害风险分析模型对 Tapan Sumbar - Sungai Penuh Kerinci Jambi 公路进行分析的结果显示,该公路的灾害脆弱性等级高达 8.05 或高于 5,这意味着该公路的建设和道路安全设备都需要改进。
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引用次数: 0
期刊
Devotion : Journal of Research and Community Service
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