scholarly journals Signifikansi Pengaruh Sentimen Pemberlakuan PSBB Terhadap Aspek Ekonomi: Pengaruh Pada Nilai Tukar Rupiah dan Stock Return (Studi Kasus Pandemi Covid-19)

2020 ◽  
Vol 7 (2) ◽  
pp. 223-239
Author(s):  
Irma Lestari Made
Keyword(s):  
Exchange Rate ◽  
Stock Returns ◽  
Stock Return ◽  
Large Scale ◽  
Herd Immunity ◽  
Wilcoxon Test ◽  
Analysis Tool ◽  
Public Sentiment ◽  
Before And After ◽  
The Government

The Large-Scale Social Limitation Policy (Pembatasan Sosial Berskala Besar/PSBB) was chosen by the Indonesian government in responding to the pandemic covid-19. The PSBB policy is preferred by the government to be implemented instead of lockdown. Much controversy in public over the PSBB policy has built the sentiment. Consideration of the economic aspects has been the main reason in making these policies. With consideration of the state of the Indonesian economy, the government believes that this policy is an effective and efficient pathway with a note that the public will be able to conduct pandemic covid-19 health protocol discipline and form herd immunity. This study aims to evaluate the effect of the implementation of the PSBB which has an impact on public sentiment fluctuations, using secondary stock return data on blue-chip stocks and the rupiah exchange rate in the range of time before and after the implementation of the PSBB begun, April 10, 2020. Wilcoxon test is used as data analysis tool of nonparametric statistics. The test results stated that the exchange rate of the rupiah against the US dollar was significantly affected by public sentiment towards the implementation of the PSBB, while the stock return was not significantly affected. Several factors beyond the implementation of PSBB need to be considered in influencing stock returns as well as the rupiah exchange rate.

scholarly journals How does the impact of the COVID-19 pandemic on Indonesia's Islamic stock returns?

2021 ◽  
Vol 18 (1) ◽  
pp. 21
Author(s):  
Isnaini Nuzula Agustin
Keyword(s):  
Stock Returns ◽  
Stock Return ◽  
Large Scale ◽  
Control Variable ◽  
Economic Sectors ◽  
Daily Growth ◽  
Negative Effect ◽  
The Government ◽  
The Impact ◽  
Death Cases

The unprecedented COVID-19 pandemic has ripped down the worldwide economies since the beginning of 2020. The stock market was one of the economic sectors that experienced depression and crashed during the pandemic. In this study, we mount an investigation on how Indonesia's large-scale social restrictions (known as "PSBB"), the announcement of the daily growth in total confirmed and death cases by COVID-19 affect the dynamic of Islamic stock returns in the Jakarta Islamic Index. This study used panel regression to test the effect between variables with market-to-book ratio and market capitalization ruled as a control variable. This study concluded that the announcement of daily growth in total confirmed cases by COVID-19 and the implementation of PSBB has a negative effect on the deterioration of the Islamic stock market's stability. Therefore, the higher growth of the total confirmed cases by COVID-19 and the tightening of the PSBB that was announced and implemented by the government would impact on the volatility of market and shareholders returns negatively. Interestingly, this study also found that there was a positive and significant relationship between the daily growth of death cases and stock return. Furthermore, the sectors of consumer goods, mining, and trading counted as the most performed market during the pandemic crisis.

scholarly journals Indonesian MSME E-Commerce among the Covid-19 Pandemic

2020 ◽  
Vol 8 (4) ◽  
pp. 267-277
Author(s):  
Elya Kurniawati ◽  
Immamul Huda Al Siddiq
Keyword(s):  
Large Scale ◽  
Jel Classification ◽  
Education Level ◽  
Online Media ◽  
Economic Activities ◽  
Average Income ◽  
Level Of Education ◽  
Before And After ◽  
The Government ◽  
Transaction Pattern

Objective - This study aims to find out (1) how the e-commerce utilization model before and during the pandemic, (2) the influence of the level of education on the tendency to use e-commerce (3) the marketing media used before and after the Covid-19 pandemic, and ( 4) the average income of MSME actors before and after the Covid-19 pandemic. The research method used is an explanative quantitative method, using a questionnaire, examining theories and policies related to Covid-19 and the application of e-commerce. Methodology/Technique – This study used a sample of 75 MSME actors and found that there was a significant increase in the use of e-commerce by Indonesian MSME actors during the Covid-19 pandemic. The use of online media in economic activities during the pandemic increased from 21.33% to 54.67%. Meanwhile, the education level of the MSME actors did not influence the decision to change the transaction pattern from offline to online with r score of 0.132. Finding – This means that this pandemic has changed the way of transactions in economic activity to its roots no matter how high the education level of the MSME actors is. The income of MSME actors has actually dropped dramatically during the pandemic, especially the period when the government implemented the Large-Scale Social Restrictions (PSBB) policy. Type of Paper: Empirical JEL Classification: L81, O32. Keywords: COVID-19, E-Commerce, Social Distancing, MSME Reference to this paper should be made as follows: Kurniawati, E; Siddiq, I.H.A. (2020). Indonesian MSME E-Commerce among the Covid-19 Pandemic, GATR Global J. Bus. Soc. Sci. Review, 8(4): 267 – 277. https://doi.org/10.35609/gjbssr.2020.8.4(8)

scholarly journals PENGARUH LOAN TO DEPOSITE RATIO, RETURN ON ASSETS, CAPITAL ADEQUACY RATIO, EXCHANGE RATE DAN INTEREST RATE TERHADAP RETURN SAHAM

2017 ◽  
Vol 19 (3) ◽  
pp. 340
Author(s):  
Ketut Asmara Jaya
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Stock Returns ◽  
Significant Influence ◽  
Stock Return ◽  
Random Effect ◽  
Capital Adequacy ◽  
Return On Assets ◽  
Capital Adequacy Ratio ◽  
Lm Test

Pertumbuhan pasar modal pada akhir tahun 2010 menunjukkan kinerja yang luar biasa dengan meningkatnya kembali nilai saham dengan dipengaruhi oleh berbagai faktor, baik faktor internal ataupun faktor eksternal dari setiap perusahaan. Studi ini menganalisis untuk pinjaman deposit rasio (LDR), pengembalian asset (ROA), rasio kecukupan modal (CAR), nilai tukar dan suku bunga yang berdampak pada keuntungan saham di perusahaan perbankan. Studi panel ini menggunakan data LM test statistik yang menunjukkan perhitungan metode random effect adalah cara yang lebih tepat digunakan untuk mengestimasi model dalam penelitian ini. Hasil studi menunjukkan bahwa variabel ROA memberikan pengaruh positif dan signifikan dalam return saham. Sedangkan variabel LDR, CAR dan Kurs tidak ada pengaruh yang signifikan terhadap return saham, dan hanya kecenderungan jika LDR, CAR dan Kurs meningkat maka return saham dapat meningkat pula Suku bunga variabel tidak memberikan pengaruh positif dan pengaruh signifikan karena tidak memiliki hubungan dengan return saham.Growth of Capital market in late 2010 showed outstanding performance with rising of stock return which is influenced by various factors, both internal factors and external factors of each company it self. This study analyzes the Loan To Deposite Ratio (LDR), Return On Assets (ROA), Capital Adequacy Ratio (CAR), Exchange Rate and Interest Rate impact on stock returns in corporate banking. This study uses panel data with LM Test statistical calculation it is shown that Random Effect method is more precise to be used in this study. The result of the study shown that ROA variable gives positive and significant influence in stock return. While LDR, variables CAR and exchange rate of no influence and significantly to return stock, and only tendency if LDR, CAR and exchange rate increase then return shares can be increased as well. The Interest Rate variable did not give positive and significant influence because of not having relationship with stock return.

scholarly journals The Stock Market and Exchange Rates in Five South Asian Countries

2017 ◽  
Vol 18 (1) ◽  
pp. 102 ◽  
Author(s):  
Firmansyah Firmansyah ◽  
Shanty Oktavilia
Keyword(s):  
Exchange Rate ◽  
Financial Crisis ◽  
Stock Market ◽  
Exchange Rates ◽  
Stock Returns ◽  
Stock Prices ◽  
Stock Return ◽  
The Philippines ◽  
Short Run ◽  
The Exchange Rate

The composite price index and return of stocks are the important indicators, both as a measure of the company's portfolio performance, as well as an indicator of macroeconomic health and the aggregate investment. In addition, the stock prices are also influenced by macroeconomic variables and one of the most important is the exchange rates. The objective of this study is to determine the behavior of exchange rate affects the stock returns in Southeast Asia, pre and post of the 2008 world financial crisis. By employing the daily stock market return in Indonesia, Malaysia, the Philippines, Thailand, and Singapore more than seventeen years from 1 September 1999 to 31 March 2017, this study utilizes Engle-Granger error correction model and cointegration approach to investigate and compare the long and short run of the structural effect of the exchange rates on stock returns. To differentiate the behavior of variables between pre and post occurrence of 2008 world financial crisis, the estimation of the model is divided into two periods. This study finds that the exchange rate growth influence the stock returns in the long and short run, and proves that the cointegration between the two variables exist in all countries. The study has the implication that the exchange rate, which the one of the fundamental measures of a country's macroeconomic health, is an important determinant of influencing stock return, even its effects are responded by the stock return in one day.

scholarly journals The Influence of Exchange Rate, World Oil Price, and BI Rate on Airline Companie’s Return in Indonesian Stock Market

2019 ◽  
Vol 3 (3) ◽  
pp. 321
Author(s):  
Yonatan Alvin Stefan ◽  
Robiyanto Robiyanto
Keyword(s):  
Exchange Rate ◽  
Stock Returns ◽  
Stock Return ◽  
Stock Exchange ◽  
National Development ◽  
Oil Price ◽  
Infrastructure Development ◽  
Daily Data ◽  
Analysis Technique ◽  
The Us

In an effort to support the economic growth of Indonesia, an infrastructure development is carried out to achieve the national development. It brings positive influences on transportation companies in Indonesia. Many companies list their shares to Indonesia Stock Exchange, including PT. Garuda Indonesia (Persero) Tbk (IDX code: GIAA) and PT. AirAsia Indonesia Tbk (IDX code: CMPP), aiming to have additional capital sources. The two companies can be such a reference for investors to make investments, but they still need to consider the macro factors attached. This study examines the influende of exchange rate, world oil price, and Bank Indonesia (BI) rates on the GIAA and CMPP stock returns. The analysis technique used was Generalize Autoregressive Conditional Heteroscedasticity (GARCH) and daily data starting from their IPO to February 28th, 2019. The results showed that the exchange rate negatively affected the GIAA and CMPP stock returns, while the world oil prices only negatively affected the CMPP stock return, and the BI rates only negatively affected the GIAA stock return. In general, the investors are suggested not to buy the GIAA and CMPP shares when the IDR exchange rate weakens against the US dollar exchange rate.

scholarly journals Indonesian MSME E-Commerce among the Covid-19 Pandemic

2020 ◽  
Vol 11 (1) ◽  
pp. 95-95
Author(s):  
Elya Kurniawati ◽  
Immamul Huda Al Sidiq
Keyword(s):  
Large Scale ◽  
Physical Distance ◽  
Education Level ◽  
Economic Life ◽  
Online Media ◽  
Economic Activities ◽  
Average Income ◽  
Before And After ◽  
The Government ◽  
Transaction Pattern

The Covid-19 virus pandemic has devastated all aspects of life, especially the economy. The responsibility to wear masks and physical distance has logical consequences in people's economic life. This causes the use of E-Commerce in economic activities to be a necessity. For this reason, this study aims to find out (1) how the e-commerce utilization model before and during the pandemic, (2) the influence of the level of education on the tendency to use e-commerce (3) the marketing media used before and after the Covid-19 pandemic, and ( 4) the average income of MSME actors before and after the Covid-19 pandemic. The research method used is an explanative quantitative method, using a questionnaire, examining theories and policies related to Covid-19 and the application of e-commerce. This study used a sample of 75 MSME actors and found that there was a significant increase in the use of e-commerce by Indonesian MSME actors during the Covid-19 pandemic. The use of online media in economic activities during the pandemic increased from 21.33% to 54.67%. Meanwhile, the education level of the MSME actors did not influence the decision to change the transaction pattern from offline to online with r score of 0.132. This means that this pandemic has changed the way of transactions in economic activity to its roots no matter how high the education level of the MSME actors is. The income of MSME actors has actually dropped dramatically during the pandemic, especially the period when the government implemented the Large-Scale Social Restrictions (PSBB) policy. Keywords: COVID-19, E-Commerce, Social Distancing, UMKM

scholarly journals In Science we (should) trust: expectations and compliance during the COVID-19 pandemic

2020 ◽  
Author(s):  
Cristina Bicchieri ◽  
Enrique Fatas ◽  
Abraham Aldama ◽  
Andres Casas ◽  
Ishwari Deshpande ◽  
...  
Keyword(s):  
Large Scale ◽  
Strong Predictor ◽  
Survey Experiment ◽  
High Expectations ◽  
Country Level ◽  
Before And After ◽  
Low Expectations ◽  
Normative Expectations ◽  
The Government ◽  
Vignette Experiment

Abstract The magnitude and nature of the COVID-19 pandemic prevents public health policies from relying on coercive enforcement. Practicing social distancing, wearing masks and staying at home are voluntary and conditional on the behavior of others. We present the results of a large-scale survey experiment in nine countries with representative samples of the population. We find that both empirical expectations (what others do) and normative expectations (what others approve of) play a significant role in compliance, beyond the effect of any other individual or group characteristic. In our survey experiment, when empirical and normative expectations of individuals are high, compliance goes up by 55% (relative to the low expectations condition). Similar results are obtained when we look at self-reported compliance among those with high expectations. Our results are driven by an asymmetric interaction with individuals’ trust in government and science. Holding both expectations high, the effect of trusting science is substantial and significant in our vignette experiment (22% increase in compliance), and even larger in self-reported compliance (76% and 127% increase before and after the lockdown). By contrast, trusting the government only generates modest effects. At the macro level, the country-level trust in science, and not in government, becomes a strong predictor of compliance.

Building Domestic Support for West Germany's Integration into NATO, 1953–1955

2020 ◽  
Vol 22 (2) ◽  
pp. 133-162
Author(s):  
Jan Uelzmann
Keyword(s):  
Public Relations ◽  
Large Scale ◽  
Federal Republic Of Germany ◽  
Lower Saxony ◽  
The West ◽  
The North ◽  
Public Sentiment ◽  
Competing Events ◽  
The Government ◽  
Domestic Support

Konrad Adenauer's government in the Federal Republic of Germany (FRG) engaged in a large-scale media campaign to create political consent for the FRG's integration into the West, a policy that rested to a large extent on rearmament and entry into the North Atlantic Treaty Organization. To counter public criticism of rearmament, the West German authorities used Mobilwerbung, a company that maintained a fleet of mobile film screening vans. Clandestinely financed by the government, Mobilwerbung brought government-commissioned films and political speakers into the FRG's remotest areas. Based on archival records on deployments in Lower Saxony and North Rhine-Westphalia, this article traces Mobilwerbung's role as a government unit that reacted dynamically to competing events. Through highly detailed reporting on audience reactions, Mobilwerbung served both as a public relations vehicle to foster consent and as an analytical tool that allowed the mapping of public sentiment regarding rearmament.

scholarly journals DAMPAK PENERAPAN INDONESIA - JAPAN ECONOMIC PARTNERSHIP AGREEMENT (IJEPA) TERHADAP NILAI EKSPOR IMPOR INDONESIA

2020 ◽  
Vol 2 (3) ◽  
pp. 19
Author(s):  
Jesica Sitepu
Keyword(s):  
Exchange Rate ◽  
Real Exchange Rate ◽  
Bilateral Trade ◽  
Random Effect ◽  
Random Effect Model ◽  
Estimation Model ◽  
The Real ◽  
Before And After ◽  
The Government ◽  
The Impact

This study aims to analyze the impact of the IJEPA agreement on bilateral trade (export - import) of Indonesia with Japan using 20 main commodities of trade according to the 2 digit HS code in the period 2001-2018 with the Random Effect Model (REM) estimation model. This study also analyzes whether GDP, population, and the real exchange rate of Indonesia - Japan has an influence on the development of Indonesia's export and import values.          The analysis showed that both before and after the enactment of IJEPA cooperation did not have a significant effect on the value of exports from Indonesia - Japan. The variable GDP, population, and the real exchange rate have a significant effect on exports and imports. Therefore, the government of Indonesia and Japan can review the IJEPA agreement in order to increase the benefits of IJEPA.

scholarly journals Large-Scale Social Restriction (LSSR) Policy and Dengue Hemorrhagic Fever Cases during COVID-19 Pandemic in Indonesia (Case Studies: Five Cities/Districts in East Java Province)

2021 ◽  
Author(s):  
Aldio Yudha Trisandy ◽  
Muhammad Azmi Maruf ◽  
Ririh Yudhastuti ◽  
Muhammad Farid Dimjati Lusno ◽  
Hari Basuki Notobroto
Keyword(s):  
Dengue Hemorrhagic Fever ◽  
Quantitative Research ◽  
Large Scale ◽  
Hemorrhagic Fever ◽  
Wilcoxon Test ◽  
P Value ◽  
Significant Difference ◽  
Social Restriction ◽  
The Government ◽  
The One

The first positive case of coronavirus disease 2019 (COVID-19) in Indonesia was announced in March 2020. Since then, the positive cases have continued to increase. This condition prompted the government to adopt the Large-Scale Social Restriction (LSSR)/Pembatasan Sosial Berskala Besar (PSBB). Some areas included in endemic regions for dengue face two problems: overcoming COVID-19 and Dengue Hemorrhagic Fever (DHF) simultaneously. Five economic growth center cities/districts in East Java Province (Gresik, Bangkalan, Surabaya, Sidoarjo, and Lamongan) were affected by the COVID-19 pandemic and dengue fever. This was a quantitative research with a comparative design study using the Wilcoxon test to compare the cases of DHF pre-COVID-19 and during the COVID-19 pandemic. The Wilcoxon test result showed no significant difference with a p-value of 0.319 (p-value>0.05). It can be concluded that DHF still becomes a problem in five cities/districts in East Java Province even though LSRR was applied. Extra attention is needed to overcome DHF. One of the efforts to prevent and control DHF during the COVID-19 pandemic is to build community independence through the one house one health cadres’ movement.

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