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ANALISIS PERBANDINGAN KINERJA INVESTASI EMAS DAN INVESTASI SAHAM SELAMA MASA INFLASI 1994 - 2013 WAHYUNI, ASRI NUR
JURNAL BISNIS STRATEGI Vol 23, No 2 (2014): Desember
Publisher : Magister Manajemen, Fakultas Ekonomika dan Bisnis Undip

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (195.685 KB) | DOI: 10.14710/jbs.23.2.128-150

Abstract

AbstractThis purpose  of this research is to analyze the causal relationship between gold return  and stock market return as well as the influence of the two variables and the effect of inflation as a macroeconomic   variable to gold return  and stock  market return.  This research was conducted to determine the best investment choice between gold investments  dan stock investments during time of inflation from 1994 ? 2013. During the research period occurs phenomenon in which relationships between variables are not in accordance with the theories that have been proposed.  This is upported by the differences in the results of several previous  researches.This study is done by using the monthly data of gold price, JCI and inflation end of each month during the period January 1994 ? December 2013. Methods of analysis used in this study using VAR estimation  model  by using the optimal lag test, stationary test, Johansen cointegration test, Granger causality  test, IRF and  analysis  of VD.This results  of this research showed no causal relationship between gold returns  and stock market returns. Based on the estimated  VAR models  it is known that in the short term gold returns  have no effect on stock  market returns  and vice versa as well as the inflation variable does not affect the return of gold and stock market returns. Johansen cointegration test results show there is a long ? term relationship between the three variables. IRF analysis  results indicate that stock market return is convergent  and has no effect permanently. These results  were confirmed  by the results  analysis of VD which  shows  that the gold returns reached stability in the fifth period after the shock is given, while the stock market returns in the sixth period. It can be concluded that the movement that occurs in gold investment does not cause movement of the stock investment and they do not have a relationship of mutual influence and variable inflation has not effect on them. In the end, it is known that gold investment is the best option compared to stock investment during times of inflation.  
PENILAIAN KINERJA KEUANGAN PERUSAHAAN MANUFAKTUR DENGAN INFLASI SEBAGAI VARIABEL MODERASI Wahyuni, Asri Nur; Lukiastuti, Fitri
ECONBANK: Journal of Economics and Banking Vol 1 No 1 (2019): Edisi April
Publisher : Sekolah Tinggi Ilmu Ekonomi Bank BPD Jateng

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (646.223 KB) | DOI: 10.35829/econbank.v1i1.3

Abstract

One consideration of an investor before investing is to look at the company's financial performance. There are several variables that influence the assessment of the company's financial performance, in the proposed research, it will examine the variables of liquidity, solvability, activity and profitability and macroeconomic variables, namely inflation as a moderating variable.The research object is all manufacturing sector companies for 5 years (2013-2017). Data requirements to be analyzed are obtained from the company's financial statements published through IDX and ICMD (Indonesia Capital Market Directory). The analytical tool used is MRA analysis (moderate regression analysis). Based on the results of the analysis, it is known that the influence of company financial statements that reflect the financial performance of manufacturing companies that are increasingly reinforced by inflation as a macroeconomic factor.The results of this study are expected to provide empirical contributions regarding the assessment of the company's financial performance based on financial statement analysis taking into account the impact of inflation that occurs and become the reference basis for investors before investing their capital.
ANALISIS LIKUIDITAS, SOLVABILITAS, DAN AKTIVITAS PERUSAHAAN TERHADAP PROFITABILITAS PADA PERUSAHAAN MANUFAKTUR Wahyuni, Asri Nur; K.H., Suryakusuma
Jurnal Manajemen Vol 15 No 1 (2018): Jurnal Manajemen
Publisher : Fakultas Ekonomi dan Bisnis Universitas Katolik Indonesia Atma Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (607.028 KB) | DOI: 10.25170/jm.v15i1.95

Abstract

The purpose of this research to determine the effect of liquidity, solvency and corporate activity on corporate profitability on go public company of manufacturing sector in 2012-2016. Sampling is done by purposive sampling method. The use of multiple linear regression test with all classical assumption tests such as multicollinearity, autocorrelation, heteroscedasticity and normality tests showed that the regression model is feasible to use and pass all classical assumption tests. Partial significance test (t test) shows the results of liquidity, solvency and corporate activity have partially significant effect on corporate profitability and simultaneous significance test results (F test) show that all independent variables significantly influence the profitability of the company.