Effect of Solvency and Liquidity on The Profitability of Property Companies Listed on The Sharia Stock Index 2018-2020

<p><em>This study analyzes the effect of Solvency and Liquidity on the profitability of property companies listed on the Indonesian Islamic stock index for the 2018-2020 period. This research is quantitative research with secondary data from financial reports from 2018 to 2021. Regression model analysis using Common Effect Model (CE) or Ordinary Least Square (OLS) method. The findings show that DAR has a negative effect on ROA, which explains that debt will burden the company and reduce the profit level of Islamic property companies. On the other hand, DAR has no effect on ROE because debt does not affect the value of equity owned by the company itself. DER has no effect on ROA and ROE, this is certainly contrary to the Pecking Order Theory. Current Ratio has a negative effect on ROA, this is not in accordance with </em><em>Pecking Order Theory</em><em>. Cash ratio has a positive effect on ROA and also on ROE, and is in accordance with </em><em>Pecking Order Theory</em><em>. The cash ratio as the company's ability to pay short term has a positive influence, because the company is not limited to being responsible for the environment around the company but also socially responsible to the community.</em></p><p> </p><p>Penelitian ini menganalisis pengaruh Solvabilitas dan Likuiditas terhadap profitabilitas perusahaan properti yang terdaftar di indeks saham syariah Indonesia periode 2018-2020. Penelitian ini menggunakan pendekatan kuantitatif dengan data sekunder dari laporan keuangan tahun 2018 sampai dengan tahun 2021. Analisis model regresi menggunakan metode Common Effect Model (CE) atau Ordinary Least Square (OLS). Hasil analisis menunjukkan bahwa DAR berpengaruh negatif terhadap ROA, yang menjelaskan bahwa utang akan membebani perusahaan dan mengurangi tingkat keuntungan perusahaan properti syariah. Di sisi lain, DAR tidak berpengaruh terhadap ROE karena hutang tidak mempengaruhi nilai ekuitas yang dimiliki oleh perusahaan itu sendiri. DER tidak berpengaruh terhadap ROA dan ROE, hal ini tentunya bertentangan dengan Pecking Order Theory. Besarnya ekuitas utang secara khusus tidak berdampak pada tingkat keuntungan perusahaan properti. Current Ratio berpengaruh negatif terhadap ROA, hal ini tidak sesuai dengan Stakeholder Theory. Kondisi ini menyebabkan Current Ratio berpengaruh negatif terhadap ROE. Cash ratio berpengaruh positif terhadap ROA, dimana Cash Ratio berpengaruh positif terhadap ROE, dan sesuai dengan Stakeholder Theory. Rasio kas sebagai kemampuan perusahaan untuk membayar jangka pendek memiliki pengaruh positif, karena perusahaan tidak sebatas bertanggung jawab terhadap lingkungan sekitar perusahaan tetapi juga bertanggung jawab secara sosial kepada masyarakat.</p><p><em> </em><em></em></p><br /><p class="MsoNormal" style="text-align: justify; border: none; mso-padding-alt: 31.0pt 31.0pt 31.0pt 31.0pt; mso-border-shadow: yes;"><input id="ext" type="hidden" value="1" /><input id="ext" type="hidden" value="1" /></p>

Corporate Governance and Leverage Mechanisms on Integrity of Financial Report: Conservatism Index Approach in BUMN

The integrity of financial statements is related to one of the characteristics required by IFRS, namely faithful representation. The financial statements that are presented must contain information that is relevant and reliable so that it has high integrity and can be used by stakeholders in making decisions. In reality, realizing the integrity of financial statements is a difficult thing. There have been several cases that cast doubt on the level of integrity of financial statements. One of them happened to PT Jiwasraya (Persero) recently. This research is aimed to examine the effect of corporate governance mechanisms proxied by (institutional ownership, proportion of independent commissioners, and audit committee meetings) and leverage on the integrity of financial statements using a conservatism index approach in the market book value. Firm size as a control variable. The population is BUMN listed on the Indonesia Stock Exchange from 2016 to 2018 with a sample of 22 companies. The data analysis method used is panel data regression. The results of the common effect model test that only the audit committee meeting variable has a significant influence on the integrity of the financial statements, while the variable institutional ownership, the proportion of independent commissioners and leverage has an effect but is not significant on the integrity of the financial statement

PENGARUH PROFITABILITAS DAN LIKUIDITAS TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2016-2018

Abstrak Penelitian ini bertujuan untuk mengetahui pengaruh Profitabilitas dan Likuiditas terhadap Kebijakan Dividen pada perusahaan manufaktur. Metode penelitian yang digunakan adalah metode pendekatan kuantitatif. Data sekunder yang digunakan berupa laporan tahunan perusahaan selama 3 tahun. Populasi yang digunakan adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia tahun 2016-2018 sebanyak 168 Perusahaan. Teknik pemilihan sampel dalam penelitian ini adalah teknik porposive sampling. Akan tetapi dalam penelitian ini hanya terpilih 12 perusahaan manufaktur yang memenuhi kriteria pemilihan sampel. Teknik analisis yang digunakan adalah teknik analisis regresi data panel. Persamaan regresi data panel yang terpilih adalah Common Effect Model. Hasil peneltian secara parsial menyimpulkan bahwa profitabilitas berpengaruh terhadap kebijakan dividen, begitu juga likuiditas berpengaruh terhadap kebijakan dividen. Kata Kunci : Profitabilitas, Likuiditas, Kebijakan Dividen

The Relationship Between Prior Cancer Diagnosis and All-Cause Dementia Progression Among U.S. Adults

Cancer-related cognitive impairment is a common effect of cancer that shares symptoms with dementia. Only one study examined cancer’s longitudinal association with dementia. This analysis expands to a larger clinical sample. Electronic health record data were extracted from July 2003-February 2020. Baseline cognition/progression on the Alabama Brief Cognitive Screener (ABCs) by cancer history were assessed using linear mixed effects models, with interaction by race. After adjustment for demographics/socioeconomics, those with cancer history had higher baseline cognition (⃞: 1.49 [0.91-2.07]), and declined slower (⃞: 0.40 [0.08-0.71]) than those without. Health behaviors/comorbidities attenuated this association. Non-Hispanic Blacks with cancer history demonstrated lower cognition throughout follow-up compared to non-Hispanic Whites / other race/ethnicities with cancer history and participants without cancer history. Health behaviors/comorbidities confound and race modifies the relationship between cancer and dementia. Exploring the role of health behaviors/comorbidities on this association and causes of racial disparities is needed.

SOES CORPORATE PERFORMANCE ON IDX AND SOME INFLUENCED FACTORS

State-owned enterprises are government-owned businesses that have been privatized and can be close to politicians from political parties. They are also notorious for being poorly managed. The purpose of this research is to examine how political connections, institutional ownership, cash holdings, company size, and leverage affect the performance of state-owned enterprises on the Indonesia Stock Exchange. The data for this study comes from the annual reports of 20 state-owned enterprises (SOEs) listed on the IDX from 2014 to 2018. This research model is a panel regression model that tests the common effect, fixed-effect, and random effect models. Based on the Chow test and Hausman test, the best model in this study is the random effect model. The results found that political connections, institutional ownership, and cash holding are significant factors affecting the performance of state-owned companies. Another finding was that companies with stronger political connections affect the performance of state-owned companies. On the other hand, this study did not find companies having political connections affect the performance of state-owned companies. This finding is expected to provide benefits for investors to consider SOEs companies to invest.

Converging Effects of Three Different Endocrine Disrupters on Sox and Pou Gene Expression in Developing Rat Hippocampus: Possible Role of microRNA in Sex Differences

Endocrine disrupting chemicals (EDCs) can impair hippocampus-dependent behaviors in rat offspring and in children. In search for key processes underlying this effect, we compared the transcriptomes of rat hippocampus on postnatal day 6 after gestational and lactational exposure to three different EDCs at doses known to impair development of learning and memory. Aroclor 1254, a commercial PCB mixture (5 mg/kg or 0.5 mg/kg), or bisphenol A (5 mg/kg or 0.5 mg/kg) were administered in chow, chlorpyrifos (3 mg/kg or 1 mg/kg) was injected subcutaneously. Male hippocampus exhibited a common effect of all three chemicals on genes involved in cell-autonomous processes, Sox6, Sox11, Pou2f2/Oct2, and Pou3f2/Brn2, all upregulated at the high dose. Additional genes of the Sox and Pou families were affected by only one or two of the chemicals. Real time RT PCR showed a comparable expression change for bisphenol A also at the lower dose. Female hippocampus exhibited much fewer genes with expression changes (almost none with false discovery rate &lt;0.05), and none of the genes of the Sox and Pou families was affected. Since gene network analyses in male hippocampus suggested a link between Sox6 and miR-24, known to be repressed by activation of ER-alpha and to repress Sox6 in other tissues, this microRNA was measured. miR-24 was downregulated by all chemicals at the high dose in males. Values of Sox6 mRNA and miR-24 were inversely correlated in individual male hippocampus samples, supporting the hypothesis that the change in Sox6 expression resulted from an action of miR-24. In contrast, miR-24 levels remained unchanged in hippocampus of females. A sexually dimorphic response of miR-24 may thus be at the basis of the sex difference in Sox6 expression changes following exposure to the three chemicals. ER-alpha expression was also sex-dependent, but the expression changes did not parallel those of potential downstream genes such as Sox6. Sox6 is known to suppress differentiation of Parvalbumin (Pvalb)-expressing interneurons. Individual Sox6 levels (FPKM) were inversely correlated with levels of Pvalb, but not with markers of Sox6-independent interneuron subpopulations, Nos1 and 5HT3aR. Effects on interneuron development are further suggested, in males, by expression changes of Nrg1 and its receptor Erbb4, controlling interneuron migration. Our study disclosed new types of EDC-responsive morphogenetic genes, and illustrated the potential relevance of microRNAs in sexually dimorphic EDC actions.

Pengaruh Kualitas Institusi, Pengeluaran Pemerintah, dan Foreign Direct Investment terhadap Pertumbuhan Ekonomi

Pertumbuhan ekonomi di negara berkembang rentan terhadap fluktuasi ekonomi global seperti krisis ekonomi 2008 dan kembali mendapat hambatan dengan terjadinya resesi akibat pandemi Covid-19. Penelitian ini memiliki dua tujuan. Pertama, menganalisis pengaruh kualitas institusi, government size, dan foreign direct investment terhadap pertumbuhan ekonomi. Kedua, menganalisis pengaruh kualitas institusi dan government size terhadap pertumbuhan ekonomi melalui FDI. Terdapat dua metode analisis yang digunakan dalam penelitian ini, yaitu regresi data panel pendekatan common effect model (CEM) dan analisis jalur. Objek yang digunakan penelitian 9 negara berkembang Asia tahun 2012-2019. Hasil penelitian menunjukkan bahwa variabel kualitas institusi yang terdiri dari voice and accountability, political stability and absence of violence/ terrorism, dan regulatory quality berpengaruh signifikan terhadap pertumbuhan ekonomi, sedangkan control of corruption tidak berpengaruh signifikan. Di samping itu, government size tidak berpengaruh signifikan terhadap pertumbuhan ekonomi, tetapi foreign direct investment berpengaruh signifikan terhadap pertumbuhan ekonomi. Lebih lanjut, secara tidak langsung semua variabel kualitas institusi tidak berpengaruh signifikan terhadap pertumbuhan ekonomi melalui FDI. Sebaliknya, government size berpengaruh signifikan terhadap pertumbuhan ekonomi melalui FDI. Pemerintah dapat melakukan reformasi regulasi, meninjau kembali alokasi pengeluaran pemerintah, dan menyaring arus masuk FDI untuk meningkatkan pertumbuhan ekonomi di negara berkembang.

Implementation of ethiodized oil for treatment of endometriosis-associated infertility.

One of the leading health conditions associated with female infertility is endometriosis, which is the presence of endometrial-like tissue outside the uterine cavity. It is estimated that endometriosis can be demonstrated in up to half of infertile patients, but this does not mean that in all cases, it is the only cause that reduces fertility. Apart from the relatively rare case of endometriosis-induced anatomical changes that mechanically impede fertilization, the main effect is to modify the immune system by the secretion of soluble signaling factors by ectopic endometriotic lesions. The primary treatment of endometriosis in patients trying to become pregnant is radical excision of foci outside the uterus, which is associated with the normalization of immune system disorders and often leads to pregnancy. However, the significant technical complexity and the possibility of complications make the surgery a good solution, mainly for patients who, apart from infertility, pain is also an important factor. An important medical problem remains the development of methods that could eliminate disorders caused by endometriosis and, at the same time, could be used in patients with minor or moderate ailments and in patients with contraindications to surgery. At present, despite many approaches, there are no specific immunotherapy methods. It is interesting that for several decades, it has been reported that the examination of the patency of the Fallopian tubes has a beneficial effect on the possibility of pregnancy. Detailed analyzes have shown that this is not a common effect, but it mainly concerns patients with endometriosis and the use of etiodized oil contrast. In this group, there is a significant, five-fold increase in infertility. Therefore, every second previously infertile patient becomes pregnant within six months. A smaller but also distinct effect is observed in the case of idiopathic infertility. The impact is so significant that it can be used both for the practical treatment of patients as well as to understand the mechanisms underlying fertility disorders occurring in endometriosis. The data so far show that the immunotherapeutic effect of etiodized oil contrast is overwhelming. However, it is not entirely clear why the improvement is not achieved using other currently more popular water contrasts. The dissemination of perfusion of the uterine cavity and Fallopian tubes with the use of oil contrast seems to be a simple, safe and effective strategy that allows patients to offer patients alternative treatment methods and improve the final effectiveness and increase the pharmacoeconomics of treatment of endometriosis-related infertility.

Pengaruh Financial Stability & Financial Tergets Terhadap Financial Statement Fraud Pada Perusahaan Manufaktur Sektor Property, real estate, & Konstruksi Bangunan Yang terdaftar di BEI Periode 2016-2019

Riset ini bertujuan untuk menginvestigasi pengaruh”financial stability”and financial target”berpengaruh terhadap “financial statement fraud. Penelitian ini bersifat asosiatif dengan jenis data yang digunakan yaitu data kuantitatif yang didapatkan dari laporan keuangan yang sudah diaudit pada Bursa Efek Indonesia pada saat periode penelitian. Populasi penelitian ini yaitu perusahaan Sektor Property, Real Estate & Konstruksi Bangunan Yang Terdaftar Pada Bei Tahun 2016-2019 dengan jumlah populasi yaitu 58 perusahaan. Berdasarkan kriteria pengambilan sampel dan perusahaan yang memiliki data outlier maka tersisa 12 perusahaan dikali empat tahun periode penelitian yang menjadi sampel pada penelitian ini, yaitu 48 data pengamatan. Regresi linear berganda data panel merupakan teknik analsisi data, model pendekatan yang terpilih yaitu Common Effect Model. Hasil penelitian secara parsial menyimpulkan financial stability tidak berpengaruh terhadap financial statement fraud. Sedangkan financial targets berpengaruh terhadap financial statement fraud dan secara simultan financial stability & financial statement”memiliki pengaruh”terhadap financial”statement fraud.”

Examining Appropriacy of CFI/TLI Cutoff Value in Multiple-group CFA Test of Measurement Invariance to Enhance Accuracy of Test Score Interpretation

The most common effect size when using a multiple-group confirmatory factor analysis approach to measurement invariance is ΔCFI/TLI with a cutoff value of 0.01 (Cheung &amp; Rensvold, 2002). However, this recommended cutoff value may not be ubiquitously appropriate and may be of limited utility for some tests (e.g., measures using dichotomous items or different estimation methods, sample sizes, or model complexity). Moreover, prior cutoff value estimations often have ignored consequences resulting in using measures that more accurately estimate countries’ or learners’ proficiency for some countries or groups versus others. In this study, we investigate whether the cutoff value proposed by Cheung and Rensvold (ΔCFI/TLI=0.01) is appropriate across educational measurement contexts. Specifically, we investigated the performance of ΔCFI/TLI in capturing LOI at the scalar level in dichotomous items within item response theory on groups whose test characteristic curves differed by 0.5. Simulation results showed that the proposed cutoff value of 0.01 in ΔCFI/TLI was not appropriate to capture LOI under the study conditions, which may result in the misinterpretation of test results or inaccurate inferences.