scholarly journals Determinants of the Risk-Based Capital of Insurance Companies in Indonesia

2021 ◽  
pp. 72-77
Author(s):  
Anggy Renaldo ◽  
◽  
Unggul Purwohedi ◽  
Gatot Nazir Ahmad ◽  
◽  
...  
Keyword(s):  
Interest Rates ◽  
Stock Exchange ◽  
Insurance Industry ◽  
Fixed Effect Model ◽  
External Factors ◽  
Insurance Companies ◽  
Internal Factors ◽  
Macroeconomic Factors ◽  
Negative Effect ◽  
The Interest Rate

The insurance industry is one of the important components of the world financial system because it provides economic protection for the society. Risk-based capital is a certain amount of capital that insurance companies must have on hand in order to hedge against their risks. This capital is there to make sure that the company can maintain solvency, and can fulfill all of its financial operating needs. This study aims to determine the factors that influence Risk-based capital (RBC) as the level of solvency of insurance companies in Indonesia. These factors are generally divided into 2 groups: internal factors (company characteristics) and external factors (macroeconomic factors). Internal factors consist of such variables as premium and liquidity. External factors consist of such variables as economic growth (GDP) and interest rates. The sample of this study is presented by 12 insurance companies that listed on the Indonesia Stock Exchange (IDX). The study covers the period from 2014 until 2019. The analysis method used in this study is multiple regression with the Fixed Effect Model (FEM) approach using Eviews software version 9.0. This method is used to analyze the effect of independent variables towards the dependent variable. The research results showed that the liquidity variable had a significant positive effect on risk based capital. At the same time the interest rate variable has a significant negative effect on risk based capital.

scholarly journals Study of Internal Factors and External Factors of Insurance Companies Towards Company Value (Study on Indonesia Stock Exchange)

2020 ◽  
Vol 86 ◽  
pp. 01010
Author(s):  
Chairul Anam
Keyword(s):  
Interest Rates ◽  
Firm Value ◽  
Stock Exchange ◽  
External Factors ◽  
Insurance Companies ◽  
General Description ◽  
Internal Factors ◽  
Return On Equity ◽  
Company Value ◽  
Equity Ratio

The purpose of this study is to determine the influence of the company’s external factors with proxies: inflation and interest rates, and the company’s internal factors with proxies: Return on Equity, and Debt to Equity Ratio partially and simultaneously to firm value in insurance sector companies listed on the Stock Exchange Indonesia. The research method used in this study is quantitative research methods, with the object of research of insurance companies listed on the Indonesia Stock Exchange, amounting to 14 companies. This study used a purposive sampling technique that produced 8 companies as the research sample. The research data source uses secondary data in the form of documents including data about the company’s general description and financial statements of insurance companies on the Indonesia Stock Exchange (IDX) for 5 years. The results of this study indicate inflation, interest rates, Return on Equity, and Debt to Equity Ratio simultaneously have a positive but not significant effect on company value, then partially the other 3 variables, namely inflation, interest rates, and Debt to Equity Ratio have a positive effect but not significant to firm value, while variable Return on Equity has a positive and significant effect on firm value. Based on the coefficient of determination of 0.138 this shows the influence of 4 variables, namely inflation, interest rates, return on equity, debt to equity ratio of 13.8% while the remaining 86.2% is influenced by other factors, for example: the level of competition, policy company, developments in macroeconomic conditions.

scholarly journals Pengaruh Internal dan Eksternal Perusahaan terhadap Nilai Perusahaan pada Perusahaan Properti dan Real Estate

2021 ◽  
Vol 5 (1) ◽  
pp. 191
Author(s):  
Santi Duwi Nuryani ◽  
Anita Wijayanti ◽  
Endang Masitoh
Keyword(s):  
Real Estate ◽  
Interest Rates ◽  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Statements ◽  
External Factors ◽  
Multiple Linear Regressions ◽  
Internal Factors ◽  
Linear Regressions

This study aims to test and analyze the influence of leverage, liquidity, inflation, and interest rates on the value of the company. Property and real estate companies listed on the Indonesia Stock Exchange in 2016-2019 as a population. Purposive sampling method for sampling and research is quantitative type. The data sources used secondary data are obtained from annual financial statements and analysis used multiple linear regressions. The results of research into external factors of the company namely inflation and interest rates influenced the increase in the value of the company. While the company's internal factors namely leverage and liquidity do not affect the increase in the value of the company.

scholarly journals DAMPAK FAKTOR INTERNAL DAN EKSTERNAL TERHADAP HARGA SAHAM SEKTOR INFRASTRUKTUR

2020 ◽  
Vol 4 (1) ◽  
Author(s):  
Bonita Restu Dwijayati ◽  
Robiyanto Robiyanto
Keyword(s):  
Interest Rates ◽  
Stock Price ◽  
Quantitative Methods ◽  
Stock Exchange ◽  
Sample Selection ◽  
Sampled Data ◽  
Negative Effect ◽  
The Interest Rate ◽  
Internal And External Factors ◽  
The Impact

This research aims to test the impact of internal and external factors both simultaneously and partially against the stock price of infrastructure sectors. Research using quantitative methods. The population in this study is the entire infrastructure, utilities and transportation company listed on the Indonesia Stock Exchange in the period 2014-2018. The sample selection technique is using the purposive sampling method. Based on predefined criteria, acquired 30 companies are being sampled. Data analysis techniques use a regression analysis of data panels. The results showed that the simultaneous variables of the DPR, NPM, CCC and interest rates had significant effect on the stock price of infrastructure sectors. As for the partial, the variables of the DPR and NPM positively influence insignificant against the stock price. On the other hand the CCC variables have significant negative effect on the stock price and the interest rate is significantly positive against the stock price.

scholarly journals DETERMINAN PROFITABILITAS: KAJIAN PENGELOLAAN FAKTOR INTERNAL DAN EKSTERNAL PERUSAHAAN TEKSTIL DAN PRODUK TEKSTIL (TPT) YANG TERDAFTAR DI BURSA EFEK INDONESIA

2019 ◽  
Vol 5 (1) ◽  
Author(s):  
Nugraheni Siwi
Keyword(s):  
Risk Management ◽  
Interest Rates ◽  
Liquidity Risk ◽  
External Factors ◽  
Current Ratio ◽  
Internal Factors ◽  
Managerial Implication ◽  
Macroeconomic Factors ◽  
Internal And External Factors ◽  
Bearing Analysis

This research looks at the effect of internal factors or microeconomics and external factors or macroeconomic factors on profitability of textiles and textiles products companies. The result showed that partially, only current ratio and the interest rates which have significant impact on ROA. simultanously, internal and external factors have significant impact on ROA. Managerial implication based on this research are, the companies should apply liquidity risk management like mitigation on liquidity crisis and liquidity risk bearing analysis also look for another fund resources to decrease interest rates expenses.

scholarly journals Benarkah Suku Bunga Memengaruhi Volatilitas Pasar Saham Syariah?

2021 ◽  
Vol 2 (1) ◽  
pp. 56
Author(s):  
Septiana Indarwati
Keyword(s):  
Stock Market ◽  
Interest Rates ◽  
Stock Markets ◽  
Stock Exchange ◽  
Significant Variable ◽  
Stock Return Volatility ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Negative Effect ◽  
The Interest Rate

AbstractThis research attempts to explore to what extent the sensitivity volatility of Islamic stock markets in Indonesia toward macroeconomics. The writer examines inflation, exchange rates, money supply (JUB), interest rates (BIRATE), and Industrial Production Index (IPI) as part of the macroeconomic variables. Meanwhile, the writer also uses Jakarta Islamic Index (JII) as the measurements for Islamic stock markets. This research uses the calculation of the stock return volatility based on the Generalized Autoregressive Conditional Heteroscedasticity (GARCH (2, 1)) combined with Regressive Distributed Lag (ARDL) analysis. The writer uses monthly data from Indonesia Stock Exchange, starting from January 2006 to December 2019 as part of the data collection. This research found that BIRATE has a negative effect on the conventional stock market while the Islamic stock market has a positive and insignificant effect on the level α = 5%.  It points out the Islamic principles that the interest rate is not a significant variable in explaining the stock market’s volatility. According to the finding of this research, the writer argues that stabilizing interest rates will not significantly impact the volatility of the Islamic stock market.AbstrakPenelitian ini mencoba untuk mengeksplorasi sejauh mana sensitivitas volatilitas pasar saham syariah di Indonesia terkait dengan ekonomi makro. Penulis menggunakan inflasi, nilai tukar rupiah, penawaran uang (JUB), suku bunga (BI rate) dan Indeks Produksi Industri (IPI) sebagai pengukuran dari ekonomi makro. Sementara itu, penulis menggunakan Jakarta Islamic index (JII) sebagai pengukuran pasar saham syariah. Penelitian ini menggunakan perhitungan volatilitas return saham dengan Generalized Autoregressive Conditional Heteroskedasticity (GARCH (2, 1) dikombinasikan dengan Analisis Autoregressive Distributed Lag (ARDL). Pengumpulan data dalam penelitian ini menggunakan data bulanan dari Bursa Efek Indonesia dari bulan Januari 2006 sampai Desember 2019. Penelitian ini menemukan bahwa, variable BI Rate tidak berpengaruh signifikan terhadap pasar saham syariah pada taraf α=5%. Ini menyoroti prinsip-prinsip Islam bahwa tingkat bunga bukanlah variabel yang signifikan dalam menjelaskan volatilitas pasar saham. Menurut temuan pada penelitian ini, penulis memberikan dukungan lebih lanjut bahwa menstabilkan suku bunga tidak akan berdampak signifikan pada volatilitas pasar saham syariah.

scholarly journals The Influence of Internal and External Factors on Firm Value

2020 ◽  
Vol 5 (5) ◽  
Author(s):  
Dewi Cahyani Pangestuti ◽  
Azzahra Meirizqi Louisa Tindangen
Keyword(s):  
Capital Structure ◽  
Interest Rates ◽  
Firm Value ◽  
Stock Exchange ◽  
Sampling Technique ◽  
P Value ◽  
Significance Level ◽  
Company Value ◽  
Negative Effect ◽  
The Interest Rate

This research was conducted to analyze the effect of capital structure, liquidity, interest rates and exchange rates in influencing company value in mining sector companies listed on the Indonesia Stock Exchange (BEI). Sampling technique using a purposive sampling method the mining company listed on the Indonesia Stock Exchange in the year 2016 -2019 resulted in 37 companies that meet the criteria. Data analysis was performed using regression panel data with E-Views program 10 and a significance level of 5%. The results of the test were obtained that the capital structure influence significantly restricted a p-value of the company, liquidity does not have a significant effect on firm value, the interest rate does not have a significant effect on firm value, and the exchange rate stated with the middle rate has a significant negative effect on firm value.

scholarly journals Capital Adequacy Ratio dan Tingkat Suku Bunga Kredit Terhadap Penyaluran Kredit di Bursa Efek Indonesia

2017 ◽  
Vol 1 (1) ◽  
pp. 59
Author(s):  
Fitri Malini
Keyword(s):  
Interest Rates ◽  
Stock Exchange ◽  
Capital Adequacy ◽  
Independent Variables ◽  
Capital Adequacy Ratio ◽  
Negative Effect ◽  
Loan Interest Rates ◽  
The Interest Rate ◽  
Research Period ◽  
Positive Effect

His study aimed to determine the effect of the Capital Adequacy Ratio (CAR), and the interest rate loans to total lending in the banking companies in the Indonesia Stock Exchange. The method used in this research is the method of explanation, the independent variables used in this study consisted of Capital Adequacy Ratio (CAR), and loan interest rates while the dependent variable is the amount of lending. The population in this study were banking companies in the Indonesia Stock Exchange, samples taken amounted to 10 (ten) companies with the research period between 2009 and 2013. Partially Capital Adequacy Ratio (CAR), significant negative effect on the amount of lending, and loan interest rates are not significant positive effect on the amount of lending. While simultaneously Capital Adequacy Ratio (CAR), and loan interest rates not significant effect on the amount of lending to the banking company in BEI 2009-2013.

scholarly journals The Effect of Economic Growth, Inflation Rate, and Interest Rates of Bank Indonesia on the Composite Stock Price Index on the Indonesia Stock Exchange for the 2015-2019 Period

2021 ◽  
Vol 11 ◽  
Author(s):  
Ahmad Firdausi Akmal Al Haytami ◽  
Heri Widodo
Keyword(s):  
Economic Growth ◽  
Interest Rates ◽  
Stock Price ◽  
Price Index ◽  
Inflation Rate ◽  
Stock Exchange ◽  
Validity And Reliability ◽  
Macroeconomic Factors ◽  
Stock Price Index ◽  
The Interest Rate

Generally, investors use the Composite Stock Price Index (IHSG) as a parameter of stock performance listed on the Indonesian stock exchange. One of the factors that can affect the IHSG is macroeconomic factors such as economic growth, inflation, and interest rates. This study aims to determine the effect of economic growth, inflation rate, and interest rates of Bank Indonesia on the IHSG. The population and sample in this study are quarterly economic growth, inflation, Bank Indonesia interest rates, the monthly Composite Stock Price Index (IHSG) from 2015-2019. Testing the hypothesis of this study using validity and reliability tests with the SmartPLS version 3 application. The results showed that the variables of economic growth and inflation had no significant effect on the Composite Stock Price Index (IHSG). Meanwhile, the interest rate variable of Bank Indonesia has a significant effect on the IHSG.

Estimasi Pengaruh Faktor Internal Bank dan Stabilitas Makroekonomi terhadap Profitabilitas dengan Mediasi Rasio Pembiayaan Bermasalah di PT Bank Muamalat Indonesia

2020 ◽  
Vol 3 (2) ◽  
pp. 93-108
Author(s):  
Annisa Siti Fathonah ◽  
Dadang Hermawan
Keyword(s):  
Secondary Data ◽  
Financial Statements ◽  
Significant Positive Effect ◽  
Return On Assets ◽  
Internal Factors ◽  
Macroeconomic Factors ◽  
Operating Income ◽  
Significant Negative Effect ◽  
Negative Effect ◽  
Positive Effect

This study aims to determine and analyze how much influence the bank's internal factors such as Equity, Operational Costs per Operating Income (BOPO), Financing Deposit to Ratio (FDR), Non Performing Financing (NPF) as a mediator and external or macroeconomic factors namely inflation and Gross Domestic Product (GDP) on profitability represented by Return on Assets (ROA) at Bank Muamalat Indonesia for the period 2008-2018. The data used in this research are secondary data obtained from the publication of quarterly financial statements from 2008 to quarter 2 of 2018. The method that used in this research is path analysis with SPSS 20.0 as the analytical tool. The results of the study partially test the hypothesis (t-test), in substructure I shows that the capital variable has a significant negative effect on NPF, BOPO and inflation has a significant positive effect on NPF, FDR and GDP do not significantly influence NPF at Bank Muamalat Indonesia. In substructure II partially, Capital, BOPO, significant negative effect on ROA, FDR and NPF has a significant positive effect on ROA, Inflation and GDP does not significantly influence ROA while simultaneously significantly influencing ROA. Based on the sobel test, capital has a significant effect on ROA through NPF, BOPO has a significant effect on ROA through NPF, FDR has a significant effect on ROA through NPF, Inflation has a significant effect on ROA through NPF, while GDP has no significant effect on ROA through NPF.

Pengaruh Inflasi, BI Rate, NPF, dan BOPO terhadap Profitabilitas Bank Umum Syariah di Indonesia

2018 ◽  
Vol 6 (1) ◽  
pp. 133-153
Author(s):  
Toufan Aldian Syah
Keyword(s):  
Banking Industry ◽  
External Factors ◽  
Coefficient Of Determination ◽  
Muslim Country ◽  
Internal Factors ◽  
Slowing Down ◽  
The World ◽  
Negative Effect ◽  
Test Correlation ◽  
The Ideal

Banking industry has a very important role in economic development in a country. Indonesia, which is the largest Muslim country in the world, certainly has the prospect of the development of Sharia Banking Industry is very good in the future. However, the development of Sharia Bank has been slowing down in recent years and the profitability of sharia comercial banking is still below the ideal value. This study aims to determine the internal factors and external factors that affect the profitability of Sharia Bank in the year of January 2012 until August 2017. The variables used in this study are ROA, Inflation, NPF, and BOPO. The data used is aggregate data of all Sharia Commercial Banks recorded at Bank Indonesia. Measurement of Statistic Description, F-Test, T-Test, Correlation Coefficient, Coefficient of Determination and Multiple Linear Regression using IBM SPSS 21 software. The results showed that significant negative effect of BI rate, NPF and BOPO was found, while Inflation variable showed negative but not significant. Overall, the above variables affect the ROA of 87.7%, while 12.3% is likely to be influenced by other factors.

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