Indonesian Development of Economics and Administration Journal

Financial Statement Analysis of PT XWZ Tbk For The Periode of 2019-2023

Vicky Haeru Putera — 2025-04-01

This study aims to analyze the financial performance of PT Gudang Garam Tbk during the period 2021-2023 through a financial ratio approach, which includes liquidity, solvency, and profitability ratios. The results of the analysis show a downward trend in the liquidity ratio, which could threaten the company's ability to meet short-term obligations in the future. Although the company's solvency is in a stable condition, fluctuations in the debt to equity ratio (DER) require attention to maintain a balanced capital structure. On the other hand, the company's profitability experienced a significant decline during the period 2019-2022, with signs of recovery starting to appear in 2023. This study concludes that although PT Gudang Garam Tbk still has a relatively strong financial capacity, attention to liquidity and profitability trends is essential to maintain competitiveness and business sustainability amidst the increasingly complex challenges of the cigarette industry.

Risk Management and Investment Sustainability in the Era of Economic Uncertainity

Ayu Novitasyari — 2025-04-01

This study examines the relationship between the implementation of risk management and investment sustainability in the face of global economic uncertainty. Well-planned, data-driven risk management, through strategies such as portfolio diversification, the use of financial instruments, and stress testing, has proven effective in enhancing investment stability by mitigating the impact of market volatility. Additionally, integrating Environmental, Social, and Governance (ESG) principles into investment decision-making processes contributes positively to portfolio resilience against external risks and supports long-term investment value growth. This study also highlights the importance of leveraging advanced technologies, such as artificial intelligence and big data, to improve the accuracy of risk analysis, as well as the need for collaboration among various stakeholders to create a sustainable investment ecosystem. The findings are expected to make a significant contribution to both individual and institutional investors in formulating resilient, sustainability-oriented investment strategies amid global economic challenges.

Securities Transaction Assistance Based On Capital Market Trading Mechanism In Indonesia With Interactive Simulation In Kendari City

Rizki Satria — 2025-04-01

. The capital market is vital for Indonesia's economy, providing mechanisms for companies to raise funds and for individuals to invest. However, in Kendari City, public participation in securities investment remains low, largely due to limited knowledge and accessibility. This study investigates the trading mechanisms of Indonesia's capital market, identifies challenges faced by the community in Kendari, and explores the use of interactive simulations as an innovative mentoring tool. A qualitative case study approach was employed, incorporating observations, interviews, and thematic analysis. Results demonstrate that interactive simulations effectively enhance understanding and confidence in securities transactions, leading to greater participation and better financial decision-making. The findings underscore the importance of financial education programs that integrate modern technological tools to improve public literacy and engagement in the capital market. Recommendations are provided for stakeholders to optimize these strategies for broader implementation, fostering sustainable growth in Kendari's capital market.

The Effect of Exchange Rate, Inflation and GDP Growth on The Share Price of The Mining Sub-Sector Listed on The Indonesia Stock Exchange

Akbar Hilman — 2025-04-01

This study aims to analyze the influence of exchange rates, inflation, and Gross Domestic Product (GDP) growth on the share price of the mining sub-sector listed on the Indonesia Stock Exchange (IDX) for the 2020–2024 period. This study uses a quantitative approach with a multiple linear regression method, where secondary data is taken from the company's financial statements, Bank Indonesia, and the Central Statistics Agency. The results of the analysis show that the exchange rate has a significant positive influence on stock prices, while inflation has a significant negative influence. In contrast, GDP growth showed a negative but not significant influence on stock prices. Simultaneously, these three variables have a significant influence on the share price of the mining sub-sector. These findings indicate that exchange rate fluctuations can increase the income of export-based companies, while rising inflation tends to suppress corporate profit margins. Although GDP growth has a limited impact, the study emphasizes the importance of considering macroeconomic factors in investment decision-making. This research contributes to the capital market literature and can be a guide for investors to manage their portfolios more effectively.

Analysis of the Influence of Company Size, Profitability, Capital Structure and Stock Price on Company Value

Yudi Guntara — 2025-04-01

This study aims to determine the effect of Company Size, Profitability, Capital Structure and Stock Price on Company Value. The population in this study were LQ45 Index companies listed on the Indonesia Stock Exchange in 2014-2018, sample selection using purposive sampling technique, from 45 samples 21 companies were selected as samples. The analysis used was panel data regression analysis. The test results showed that Company Size had a negative and significant effect on Company Value, Return On Assets (ROA) had a positive and significant effect on company value, Net Profit Margin (NPM) and Earning Per Share (EPS) had a negative and significant effect on company value, Debt to Asset Ratio (DAR) and Debt to Equity Ratio (DER) did not have a significant effect on company value, stock price had a positive and significant effect on company value. High stock prices indicate that the company is able to provide welfare for shareholders, so that many investors are willing to buy shares of the company and will increase the value of the company.

Capital Market in Indonesia

Sarjan Sarjan — 2025-04-01

The capital market in Indonesia has experienced rapid development in recent decades, along with the increasing need for corporate funding and public interest in investment. This study aims to analyze the role of the capital market in the national economy, focusing on the mechanisms, challenges, and opportunities faced. This research uses a qualitative method based on a literature study to evaluate the dynamics of the capital market, including regulation, the role of the Indonesia Stock Exchange (IDX), and the contribution of financial technology. The analysis shows that the capital market provides efficient resource allocation, increases liquidity, and enables risk diversification. However, this market faces challenges such as low financial literacy and dependence on foreign capital. Great opportunities also arise from technological advances and the development of ESG-based financial instruments. The study concludes that increased collaboration between regulators, market participants, and the public can support the inclusiveness and growth of Indonesia's capital market.

Analysis Eligibility Calculated Solar Panel Investment based on Payback Period and Depreciation at PT. ABC

Melinda Pratiwi — 2025-04-01

Solar energy has become one of the most important solutions in efforts to overcome the energy crisis and environmental problems facing the world today. This research aims to explore the use of solar panels as an efficient and sustainable renewable energy source. This study examines various types of solar panels energy conversion efficiency, and the latest technology in solar cell development. In addition, this research also analyzes factors that influence solar panel performance, including weather conditions, orientation and installation angle. Using solar panels with an average of 3 hours sunlight/day can reduce company operational costs by 5% for electricity usage each month.Solar panel maintenance costs are also relatively efficient because it is assumed that a maximum of 3 panels are replaced in a year if there is damage.

Potrait Empirical Performance Finance Banking Sharia in Indonesia: Systematic Literature Reviews

Adinda Sandya Novalia — 2025-04-01

The aim of this study was to analyze the financial performance of Islamic banking using data collected from journals published between 2017 and 2021, applying a systematic literature review method. The findings from the review reveal the following: 1) A total of 31 articles were reviewed, with 11 articles published in 2017, 6 in 2018, 7 in 2019, 5 in 2020, and 2 in 2021; 2) Researchers predominantly employed a descriptive quantitative method using descriptive statistical approaches, with no studies utilizing qualitative or mixed-method approaches; 3) Financial ratios were the primary tools used for performance measurement; 4) The financial performance of Islamic banking was found to be volatile but generally showed an improving trend; 5) To enhance performance, Islamic banks are advised to improve their financial ratios; and 6) The study's limitations include the sample size, number of variables and indicators, observation period, and analytical techniques used

The Role of Financial Analysis in Diversifying Investment Portfolios

Ria Irama K Sigalingging — 2025-04-01

To limit risks and increase returns, intelligent decision-making is required in today's complicated financial markets. This journal looks at the importance of financial analysis in diversifying investment portfolios. It investigates fundamental and technical methodologies, risk assessment methods, case studies, and the consequences of market behavior. The findings emphasize the critical role that financial analysis plays in allowing investors to appropriately allocate assets and attain financial stability. This paper also examines problems and options for overcoming the constraints of present analytical tools. The Financial Analysts Journal regularly brings academic finance theory to practice, but often, it opens up new challenges for academics to explore. This article traces the development of modern portfolio management by touring some of the Financial Analysts Journal’s most important contributions to the field. The choices are personal. Academics have introduced a number of key models and methods into practice over the past few decades, but translating, adapting, and using these models has been a major concern in practice. The contributors to the Financial Analysts Journal have been and continue to be pioneers in this paper.

Hedging Strategy With Bonds: A Solution To Reduce Portfolio Volatility

Masno Marjohan — 2025-04-01

High financial market volatility poses significant risks to investment portfolios. Therefore, this research aims to explore hedging strategies using bonds as a solution to reduce portfolio volatility. A qualitative approach was used with case study methods and in-depth interviews with investment managers, market analysts, and academics who have expertise in portfolio and bond management. Primary data were collected through semi-structured interviews, while secondary data were obtained from academic literature, bond market reports, and official documents. Research results show that bonds, particularly government bonds, are effective instruments for portfolio stabilization due to their characteristics of low risk and fixed income. The effectiveness of this hedging strategy is influenced by the duration of the bonds, market conditions, and the proportion of asset diversification in the portfolio. However, challenges such as liquidity constraints on corporate bonds and external impacts like global monetary policy need to be managed carefully. This research emphasizes the importance of bonds in portfolio risk management strategies, particularly in the context of the Indonesian market. These findings contribute both practically for investors and portfolio managers and academically to the development of risk management studies. The recommendation for further research is to integrate bonds with derivative instruments to enhance hedging efficiency.