Pengaruh Biaya Modal dan Profitabilitas Terhadap Nilai Saham Bank BTPN Syariah Periode 2018-2020

Operations and investments of Islamic banks certainly require capital as the foundation and start of the bank's business, so estimating the cost of capital required is an important process and good corporate profits will provide a good image for the company. This study aims to determine the effect of capital with the Weighted Average Cost Of Capital (WACC) method on stock values. The effect of profitability with the ratio of Return On Equity (ROE) on stock value. And the effect of the cost of capital and profitability on the value of the stock. This study uses a descriptive quantitative research method. By using secondary data in the form of monthly financial statements of Bank BTPN Syariah for the 2018-2020 period. All of these data are materials for estimating and calculating the cost of capital and profitability of Bank BTPN Syariah. The results showed that partially the cost of capital had a significant positive effect on the stock value, profitability had a significant negative effect on the stock value. Meanwhile, simultaneously the cost of capital and profitability affect the value of the stock.

Pengaruh Rasio Keuangan dan Makro Ekonomi terhadap Harga Saham pada Perusahaan Sektor Consumer Goods di BEI

This research examines the relation of financial ratio and macroeconomics to stock price. The financial ratios used in this research are the return on assets (ROA), debt to assets ratio (DAR), debt to equity ratio (DER), dan price earning ratio (PER). However, the macroeconomy uses inflation, Bank Indonesia rate, and exchange rate. The research sample uses secondary data such as annual reporting from consumer goods companies listed in Indonesia Stock Exchange (IDX). Twenty-eight companies were used as a sample in this research, using the purposive sampling technique. This research uses multiple regression analysis and uses SPSS 24.0 as a tool. This research shows that ROA, PER, and inflation had no significant influence on the stock price. On the other hand, DAR, DER, Bank Indonesia rate, and exchange rate significantly influenced the stock price. ROA does not have a significant influence on stock price can be caused by investors' view that ROA can be changed not only driven by corporate profits but can also be caused by the changes of corporate assets. So the decline in ROA does not always reflect a decrease in corporate profits but can be caused by an increase in corporate investments. PER does not have a significant influence on stock price can be caused by the high level of investor confidence in the prospects of consumer goods sector companies because the consumer goods sector contains companies that produce consumption needs. While inflation does not have a significant influence on stock price can be caused by the view of investors that inflation in the long term will not endanger the funds of investors who are in the capital market.

China will not prioritise women’s online safety

Significance This is only the most recent example of a long litany of occurrences where the interests and concerns of girls and women have taken second seat to the interests of corporate profits. In China, the regulatory and political manifestation of online gender issues is different. Impacts Hyper-nationalist rhetoric from the government will likely fuel misogynist messaging online. As China’s online regulations tighten, the operating environment for Western firms will become more complex. The government will protect senior officials accused of crimes against women.

Data Mining Method for Identifying Biased or Misleading Future Outlook

In this study, we introduce a data mining method to identify biased and/or misleading outlooks for future performance of various factors, such as income, corporate profits, production, countries’ GDP, etc. The method consists of several components. One very important component involves building a general model, where the dependent variable is a factor suspected of projecting an over-optimistic impression in some records. Explanatory variables in the model are viewed as representing the potential for the satisfactory performance of the dependent variable. The second component involves evaluating the potential for the individual records of interest (specific countries, corporations, production facilities, etc.), and allows us to identify possible gaps between the upbeat/optimistic projections into the future (of the dependent variable) versus low and/or declining potential. In other words, low and/or declining potential basically tells us that the optimistic future performance of the dependent variable is unattainable, and could also represent misleading or deceitful information. The important novelty of this study is the capability to identify a highly exaggerated outlook of future performance, by utilizing a soft regression tool and the concept of “performance potential”. The process is explained in detail, including the conditions for successful evaluations. Case studies to evaluate expected economic success are presented.

Global tax reform is on track, but hurdles remain

Significance More than 130 countries have agreed rules to allow the minimum taxation of excess corporate profits and a formula for allocating revenue shares by country. However, several EU states have yet to agree to the former, while the latter faces resistance in the United States, where a two-thirds congressional majority is needed. Impacts Countries that attract multinationals with low effective tax rates will shift to indirect pro-business policies. Multinationals will reduce their presence in tax havens but not necessarily in low-tax jurisdictions. Digital services taxes will be removed if the revenue-sharing formula applies from 2023, but other measures may be introduced on big tech.

A branch & cut/metaheuristic optimization of financial supply chain based on input-output network flows: investigating the iranian orthopedic footwear

Financial flows are one of the three majors in a Supply Chain (SC). Ignoring financial flows, regardless of the quality of freight transport and information, could lead the organization to a state of bankruptcy, which is a situation directly resulting from a lack of control over financial inputs/outputs. This study proposes a multi-product mathematical model, which makes it possible to choose among suppliers, manufacturing sites, distribution centres, retailers, and transportation vehicles. The purpose of the model is to integrate physical and material dimensions to maximize net corporate profits through inbound and outbound financial flows; it involves payment mechanisms between the financial and physical flows through maximizing the cash flows of manufacturing sites and suppliers, as two conflicting objectives that must consider the reciprocal effects of their decisions. These objectives are calculated by subtracting costs from the revenue; this process, of course, will ultimately result in an optimization of the organization’s financial flow. To solve the proposed mathematical model, the study relies on two algorithms, namely Particle Swarm Optimization (PSO) and Imperialist Competition Algorithm (ICA). The sample under investigation is solved separately using the three algorithms, and results are then compared. The observations of the study reveal the better performance of PSO.

PENGARUH EARNINGS MANAGEMENT DAN GOOD CORPORATE GOVERNANCE TERHADAP EXPENSE STICKINESS

Abstract—Expense stickiness is the thickness of the charge showed a response asymmetric load behavior towards a change in activity, ie when the activity decreases the burden will decline more slowly than when the activity increases. If a company's activity has decreased but also followed the rapid decline in the cost, also has been called Decrease expense stickiness, researchers predict there are motivation of management to manage earnings. The existence of good corporate governance, that with good corporate governance activities of companies that declined to follow a decreasing cost also for their efficiency on costs. It was concluded that good corporate governance also affects decreasing expense stickiness, although not as strong earnings management.The purpose of this study was to examine the pattern of expense stickiness whether companies in Indonesia tend to earnings management or good corporate governance to increase corporate profits. The population used in this study are all non-financial entities listed on the Indonesia Stock Exchange (BEI) in the period 2014-2015. To see the effect of earnings management to use variable expense stickiness total log administration and operational expense (SGA). As for the influence of good corporate governance to use variable expense stickiness total log administration and operational expense (SGA) or the FACT which is a variable of good corporate governance.The results of this study found that companies using earnings management do not lower the expense stickiness. This shows that company management directs the achievement of performance through real activities management rather than just accrual recognition of performance. As for good corporate governance tends to decrease the stickiness expense, prove that GCG is able to oversee management activities in managing the company. Asymmetric/ opportunistic management actions can be reduced through the effectiveness of the GCG mechanism. Keywords: Corporate Governance; Earnings Management; Expense Stickiness.

The Signal Effect of New Energy Vehicles Promotion on Enterprise Innovation

Entering the promotion catalogue is the basis for China’s new energy vehicle (NEV) enterprises to obtain promotion subsidies. Using a multistage difference-in-differences (DID) model with a sample of listed NEV enterprises in China from 2008 to 2017, this paper empirically analyzes the impact of entering the promotion catalogue on the innovation of NEV enterprises. The results indicate that entering the promotion catalogue can significantly promote innovation of NEV enterprises from the perspective of radical innovation, incremental innovation, and external technology introduction of NEV enterprises. In the mediation mechanism examination, this study finds that entering the promotion catalogue promotes innovation in NEV enterprises by increasing corporate profits and easing financing constraints. Based on the conclusions above, this paper recommends to strengthen core technology breakthrough of NEVs, cultivate market demand of NEVs industry, and improve subsidy supervision system of NEVs.

Effects of emission trading schemes on corporate carbon productivity and implications for firm-level responses

Since the South Korean government enacted the Emission Trading Scheme (ETS), companies have been striving to simultaneously improve productivity and reduce carbon emissions, which represent conflicting goals. We used firm-level emissions and corporate variables to investigate how ETS enactment has affected carbon productivity, which is a firm-level revenue created per unit of carbon emission. Results showed that firm-level carbon productivity increased significantly under the ETS, and such a trend was more evident for high-emission industries. We also found that companies with high carbon productivity were (1) profitable, (2) innovative, and (3) managed by CEOs with experience in environmental fields. These findings suggest that to achieve the conflicting goals of increasing corporate profits while reducing emissions, firms have to invest in green technologies, and such decisions are supported by green leadership. Our findings also have implications for corporate leadership; data highlight the importance of managing human resources and deploying investment policies to respond to ETS.