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All Journal Economic Journal of Emerging Markets JAKPI Jurnal Ilmiah Mahasiswa FEB Wacana, Jurnal Sosial dan Humaniora JAE (Jurnal Akuntansi dan Ekonomi) Journal of Management - Small and Medium Enterprises (SME's) Contemporary Studies in Economic, Finance and Banking (CSEFB)

David Kaluge

Fakultas Ekonomi dan Bisnis Universitas Brawijaya Malang

Author-ID : 250742

Humanities Economics, Econometrics & Finance Education Environmental Science Law, Crime, Criminology & Criminal Justice Social Sciences

Published : 12 Documents Claim Missing Document

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Articles

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GLOBALIZATION AND GROSS DOMESTIC PRODUCT CONSTRUCTION IN ASEAN Muhammad Sri Wahyudi Suliswanto; David Kaluge
Economic Journal of Emerging Markets Volume 2 Issue 2, 2010
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.v2i2.2303

There is no more doubt about the importance of economic growth, which can be calculated fromGross Domestic Product (GDP). This research analyzes the role of globalization on GDP inASEAN-5 by estimating panel data. It uses a fixed effect approach to accommodate various characteristicsin the countries. To accommodate such variation, it assumes that the intercepts variesacross these countries, while the slopes remain similar. Based on the estimation result, it suggeststhat net export and foreign direct investment represent the globalization process. Both have positiveand significant influences on GDP in the corresponding countries.Keywords: Globalization, international trade, foreign direct investment, gross domestic productJEL classification numbers: E01, F51, F43

PENGARUH BEBERAPA VARIABEL MAKROEKONOMI DAN INDEKS PASAR MODAL DUNIA TERHADAP PERGERAKAN INDEKS HARGA SAHAM GABUNGAN (IHSG) DI BEI Anis Wijayanti; David Kaluge
Jurnal Ilmiah Mahasiswa FEB Vol 1, No 2: Semester Genap 2012/2013
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (414.984 KB)

Perkembangan pasar modal suatu negara banyak dipengaruhi oleh kondisi internal yakni makro ekonomi negara dan faktor eksternal yakni berasal dari pengaruh negara lain. Penelitian ini bertujuan untuk menganalisis pengaruh beberapa variabel makroekonomi dan indeks pasar modal dunia terhadap pergerakan IHSG di BEI. Variabel yang digunakan dalam penelitian adalah pertumbuhan GDP, kurs Rupiah terhadap Dollar, inflasi, SBI, DJIA dan Nikkei 225 (independent variable) serta IHSG (dependent variable). Jenis data berupa data sekunder yang diperoleh dari website terkait dengan periode waktu pengamatan yakni mulai tahun 2005 hingga 2012. Metode penelitian yang digunakan adalah Error Correction Model (ECM). Hasil penelitian menunjukkan bahwa dalam jangka pendek maupun jangka panjang pertumbuhan GDP berpengaruh positif terhadap IHSG, kurs Rupiah terhadap Dollar mempunyai negatif dan signifikan terhadap IHSG baik dalam jangka pendek maupun jangka panjang, Inflasi mempunyai korelasi positif terhadap IHSG namun tidak signifikan baik dalam jangka pendek maupun jangka panjang, SBI dan IHSG mempunyai hubungan negatif dan tidak signifikan, (DJIA) mempunyai korelasi positif dan signifikan terhadap IHSG, Nikkei 225 mempunyai korelasi negatif dan tidak signifikan terhadap IHSG. Nilai R2 sebesar 0,701 menunjukkan bahwa variabel bebas yang digunakan dalam penelitian telah berkontribusi dalam pembentukan IHSG sebesar 70% sedangkan 30% kekurangan dibentuk oleh variabel lain diluar model penelitian. Kata kunci : IHSG, makroekonomi, DJIA, Nikkei 225, ECM

KETERKAITAN INFLASI, SUKU BUNGA KREDIT, DAN TINGKAT PENGANGGURAN TERHADAP KREDIT BERMASALAH PADA BANK UMUM DI INDONESIA Divya Ratna Nindita; David Kaluge
Jurnal Ilmiah Mahasiswa FEB Vol 3, No 2: Semester Genap 2014/2015
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

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This study aimed to analyze relationship beetween Non Performing Loan (NPL), inflation, lending rate, and rate of unemployment. Credit by conventional banks always carry Non Performing Loan. The more amount of credit granted, will carry the higher risk. Indonesian Banking system has been implementing selective credit policy. This selectivity seen from conditions of credit requirement for different categories. This article use Autoregressive Distributed Lag Error Correction Model by Engle Granger to analyze the relationship on the short term and long term. The result showed that in long run, inflation, lending rates, and rate of unemployment has a significant effect in NPL working capital loans, but inflation and rate of unemployment doesn’t have significant effect in NPL investment loans. In the short term,inflation has no effect on both NPL investment and NPL working capital, and rate of unemployment has a significant effect in NPL working capital loans in short term. Key Words: NPL, Investment Loans, Working Capital, ECM

ANALIS PENGARUH POLA PERTUMBUHAN PADA KEMISKINAN DI PROVINSI DKI JAKARTA Rudi Firmansah; David Kaluge
Jurnal Ilmiah Mahasiswa FEB Vol 1, No 2: Semester Genap 2012/2013
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (184.82 KB)

Kajian ini meneliti tentang pro poor growth DKI Jakarta dan pengaruh sektor-sektor ekonomi dan jumlah penduduk terhadap kemiskinan di Provinsi DKI Jakarta tahun 2005-2011. Alat yang digunakan untuk mengkategorikan pro poor growth adalah Poverty Equivalent Growth Rate (PEGR) dan untuk mengetahui pengaruh faktor-faktor terhadap kemiskinan digunakan analisis data panel. Dari hasi kedua analisis tersebut dapat ditarik kesimpulan pertumbuhan di DKI Jakarta lebih didominasi oleh pertumbuhan yang tidak pro poor. Dan sektor kontruksi berpangaruh negatif terhadap kemiskinan sedangkan sektor jasa keuangan, real estate dan jasa perusahaan berpengaruh positif terhadap kemiskinan. Kata kunci: Pro poor growth, data panel kemiskinan. jumlah penduduk , sektor-sektor ekonomi.

Variations of Electricity Supply Patterns in the Regions of Sumenep Madura Island Eni Sri Rahayuningsih; Agus Suman; David Kaluge
Wacana Journal of Social and Humanity Studies Vol. 21 No. 4 (2018)
Publisher : Sekolah Pascasarjana Universitas Brawijaya

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The problem of limited electricity supplies in the Sumenep Madura Islands serves the background of this paper. This study aims to reveal the phenomenon of variations in the electricity supply patterns in Sumenep Madura Islands region. While employing rationality theory, social capital, and collective action, this present study used qualitative research methods with triangulation and snowball sampling techniques to bring out the truth of Emic. This study found that, while most of the geographical conditions of the Sumenep Islands were difficult to reach by transportation and communication facilities, this situation limited electricity supplies and caused a variety of electricity supply patterns. There were at least 6 patterns, each pattern had different characteristics: group size, relationship between group members, electricity use capacity per household (Watt), payment system (pre-paid or post-paid), usage time (hours/days), rates (IDR/household /month), potential conflicts, moral hazard potential, sustainability, perpetrators, and location. The author concludes that local community wisdom can be used as an effective and efficient solution to independently meet electricity demands in the areas whose resources are very limited. The results of this study can be used as a reference to solve problems in other locations that share similar characteristics.

Analisis Pengaruh Faktor-Faktor Fundamental terhadap Harga Saham pada Bank - Bank Plat Merah tahun 2008-2018 Firnanda Novita R; Maureen Inesella LT; David Kaluge
JAKPI - Jurnal Akuntansi, Keuangan & Perpajakan Indonesia Vol 7, No 2 (2019): September
Publisher : Universitas Negeri Medan (UNIMED)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24114/jakpi.v7i2.18152

Abstrak :Pasar modal sebagai sarana investor dalam menjual dan membeli saham (stock) dan obligasi (bond), dimana perusahaan itu memiliki tujuan bahwa hasil penjualan saham itu bisa dimanfaatkan untuk memperkuat dana perusahaan. Penilaian harga saham secara akurat bisa meminimalkan resiko sekaligus membantu investor mendapatkan keuntungan, mengingat investasi saham di pasar modal merupakan jenis investasi yang beresiko tinggi meskipun menjanjikan keuntungan relatif besar.Faktor-faktor fundamental yang diwakili oleh kinerja keuangan menjadi sumber informasi sebagai bahan pertimbangan dalam keputusan investor.Tujuan penelitian ini adalah untuk mengetahui bagaimana pengaruh faktor-faktor fundamental secara parsial dan simultan terhadap harga saham pada Bank - Bank Plat Merah pada tahun 2008-2018.Variabel yang digunakan dalam penelitian ini adalah faktor-faktor fundamental yang diwakili kinerja keuangan sebagai variabel independen dan harga saham sebagai variabel dependen. Kinerja keuangan diukur dengan Earning per Share (X1), Price Earning Ratio (X2), Price to Book Value (X3), Return to Equity (X4) dan Debt to Equity Ratio (X5) serta harga saham (Y). Metode penelitian yangdigunakan adalah model data panel. Data yang digunakan dalam penelitian ini adalah data pooling, yang merupakan kombinasi antara data cross section dan data time series yang diambil dari laporan keuangan tahunan bank-bank plat merah yaitu Bank Mandiri, Bank BRI, Bank BNI dan Bank BTN serta data harga saham yang diambil dari Bursa Efek Indonesia. Pengujian data dilakukan dengan menggunakan analisis statistik yaitu analisis data panel, uji t dan uji F. Uji t digunakan untuk mengguji pengaruh variabel independen secara parsial terhadap variabel dependen. Uji F digunakan untuk menguji pengaruh variabel independen secara bersama-sama terhadap variabel dependen.Hasil penelitian menunjukkan bahwa variabel independen, faktor-faktor fundamental yang diwakili kinerja keuangan secara bersama-sama berpengaruh signifikan terhadap harga saham. Faktor - faktor fundamental yang diwakili oleh variabel EPS, PBV, ROE, dan DER berpengaruh signifikan secara parsial terhadap harga saham, sedangkan variabel PER tidak berpengaruh signifikan secara parsial terhadap harga saham pada Bank-Bank Plat Merah pada tahun 2008-2018. Kata kunci :Faktor-Faktor Fundamental, Kinerja Keuangan, Harga Saham

Dapatkah Institutional Ownership, Good Corporate Governance dan Kebijakan Dividen Mereduksi Indikasi Praktik Ekspropriasi? Bukti pada Perusahaan Manufaktur di Indonesia Richo Diana Aviyanti; David Kaluge
JAE (JURNAL AKUNTANSI DAN EKONOMI) Vol 4 No 1 (2019): JURNAL AKUNTANSI DAN EKONOMI
Publisher : UNIVERSITAS NUSANTARA PGRI KEDIRI

Penelitian ini bertujuan untuk mengetahui dan menganalisis pengaruh institutional ownership, good corporate governance dan kebijakan dividen dalam mereduksi indikasi ekspropriasi. Teknik analisis data dalam penelitian ini menggunakan regresi liniear berganda. Populasi penelitian adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) periode 2017 dan pengambilan sampel menggunakan teknik purposive sampling. Hasil penelitian menunjukkan bahwa institutional ownership, good corporate governance dan kebijakan dividen (DPR) berpengaruh negatif terhadap indikasi praktik ekspropriasi. Hasil tersebut berarti institutional ownership, good corporate governance dan kebijakan dividen (DPR) dapat mereduksi indikasi praktik ekspropriasi yang dijelaskan pada teori keagenan tipe II. Kata Kunci: Ekspropriasi, institutional ownership, good corporate governance, kebijakan dividen dan Dividen Payout Ratio (DPR).

Analisis Pengaruh Struktur Kepemilikan Institusional, Keputusan Pendanaan, Keputusan Investasi Dan Kebijakan Deviden Terhadap Nilai Perusahaan (Studi Empiris Pada Perusahaan Manufaktur di Bursa Efek Indonesia) Annisa Rachmasari; David Kaluge
JAE (JURNAL AKUNTANSI DAN EKONOMI) Vol 4 No 1 (2019): JURNAL AKUNTANSI DAN EKONOMI
Publisher : UNIVERSITAS NUSANTARA PGRI KEDIRI

This study aims to obtain empirical evidence about the structure of institutional ownership of funding decisions, investment decisions, dividend policies that have a positive effect on firm value. Dependent variable Corporate value is calculated using Tobin’s Q, the independent variable uses the institutional ownership structure, DER, investment decision, DPR. Population is a manufacturing company listed on the Indonesia Stock Exchange in 2017. Sampling used a purposive sampling method and obtained as many as 41 companies. This study used Wald's multiple linear regression method and moderate regression analysis. The results of the study indicate that the structure of institutional ownership, funding decisions, investment decisions, and dividend policies have a positive effect on firm value. Keywords: institutional ownership, funding decisions, investment decisions, dividend policy, company value

TEKNOLOGI INFORMASI PEMBENTUK MULTIPLIER EFFECT DALAM BISNIS CORPORASI Marius Robert Seran; David Kaluge
Journal of Management Small and Medium Enterprises (SMEs) Vol 3 No 2 (2016): Journal of Management - Small and Medium Enterprises (SME's)
Publisher : Universitas Nusa Cendana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35508/jom.v3i2.1349

Business corporation must use all of its own resources to face the competitive rivalry in globalizedworld. Information is one of the fundamental thing in business. The application of technology inmanaging information is one of the fomula that can make multiplier effect in business activities.Intervention of information technology through four functions of management, Planing,Organizing, Actuating and Controlling, will influence the operational activities of corporation to beefficient and effective, and create the competitive advantage of the corporation. The multiplier effectcreated by intervene of information technology in business corporation consists of 1. Differentiation;2. Easy of Marketing; 3. Increasing of Productivity; 4. Efficiencies of Cost and Time; 5. Consistencyand Quality Assurance.Keywords : Information Technology, Multiplier Effect

ANALISIS HERDING BEHAVIOR PADA SEKTOR SEKTOR YANG TERDAFTAR DI BURSA EFEK INDONESIA DAN BURSA SAHAM MALAYSIA TAHUN 2015 2021 Ivan Purnama Putera; David Kaluge
Contemporary Studies in Economic, Finance and Banking Vol. 1 No. 3 (2022)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar

The growth of investors in the Indonesian capital market has grown significantly over the past five years. However, this was followed by a fairly slow growth in financial literacy, especially in the capital market sector. The existence of inequality in the growth of these two things can lead to irrational investors because investors who have good literacy will make better investment decisions by doing analysis. One of the irrational behavior as a result of this inequality is herding behavior. In addition, the COVID-19 pandemic which caused panic among investors in the capital market also encouraged herding behavior. This study aims to analyze and detect herding behavior on the Indonesia Stock Exchange and the Malaysia Stock Exchange by dividing it into three different periods, namely before the pandemic, during the pandemic, and after the COVID-19 pandemic. The method used to detect herding behavior in this study is Cross. Sectional Absolute Deviation (CSAD) introduced by Chang et al. (2000) using the rolling regression method. The results showed that the intensity level of herding behavior was very high during the COVID-19 pandemic or in 2020 on the Indonesia Stock Exchange and the Malaysian Stock Exchange. In addition, for the entire study period, the intensity level of herding behavior on the Malaysian Stock Exchange is higher than the Indonesian Stock Exchange.

Co-Authors Agus Suman Anis Wijayanti Annisa Rachmasari Aviyanti, Richo Diana Divya Ratna Nindita Fauzan Aryaputra Firnanda Novita R Ivan Purnama Putera Marius Robert Seran Maureen Inesella LT Morencia Markus Ni Luh Putri Setyastrini Rudi Firmansah Wahyudi

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