Jurnal Ilmiah Econosains http://journal.unj.ac.id/unj/index.php/econosains <p style="text-align: justify;"><img style="float: left; padding-right: 10px;" src="/unj/public/site/images/ronifaslah/depan2.png" alt=""><span id="cloak63115"><span id="result_box" lang="en"></span></span></p> <p><span id="result_box" class="" lang="en" tabindex="-1"><span class="">Jurnal Ilmiah Econosains (The Scientific Journal of Econoscience) is an online journal of economics and education with E-ISSN: 2252-8490 P-ISSN: 1693-1661 published by the Faculty of Economics, Universitas Negeri Jakarta / State University of Jakarta (UNJ).</span> <span class="">Jurnal Ilmiah Econosains is </span><span class="">published twice a year (March and August), containing 8-10 articles and it receives articles in areas: economic education, education and teaching studies, economics, finance, human resources and management science studies, with research methodologies that meet</span> <span class="">the standards set for publication.</span> <span class="">The manuscript of the article may come from researchers, academics, practitioners, and other economic and educational observers interested in economic and educational research.</span><br></span></p> <p><span id="result_box" class="" lang="en" tabindex="-1"><span class="">Secretariat: </span></span></p> <p><span id="result_box" class="" lang="en" tabindex="-1"><span class="">Building N. 2nd Floor Campus A </span></span></p> <p><span id="result_box" class="" lang="en" tabindex="-1"><span class="">Universitas Negeri Jakarta, Jl.</span> <span class="">Rawamangun Muka Jakarta Timur, postal code 13220</span></span></p> <p><span id="result_box" class="" lang="en" tabindex="-1"><span class="">Email econosains@unj.ac.id cc: diaharmeliza@unj.ac.id</span></span></p> en-US <p><a href="http://creativecommons.org/licenses/by-nc-sa/4.0/" rel="license"><img style="border-width: 0;" src="https://i.creativecommons.org/l/by-nc-sa/4.0/88x31.png" alt="Creative Commons License"></a><br>Econosains is licensed under a <a href="http://creativecommons.org/licenses/by-nc-sa/4.0/" rel="license">Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License</a>.</p> econosains@unj.ac.id (Dr. Siti Nurjanah, SE., M.Si.) destria@unj.ac.id (Destria Kurnianti) Wed, 10 Aug 2022 00:00:00 +0700 OJS http://blogs.law.harvard.edu/tech/rss 60 The FDI, Exchange Rate, and Export Nexus Automotive Industry in Indonesia: A Granger Causality Approach http://journal.unj.ac.id/unj/index.php/econosains/article/view/27974 <p>This study aims to analyze FDI, Exchange Rate, and Export in the Automotive Industry in Indonesia. Data used from 2006 -2019 with the VAR method. The results obtained in this study are the three variables that do not have a cointegration relationship so the estimation uses the VAR model. Furthermore, the Granger Causality test results show that there is a one-way relationship for each variable. The causal relationship, namely FDI affects the exchange rate, exports affect the exchange rate. VAR test results show that the entry of FDI and the exchange rate does not significantly affect exports. Furthermore, FDI significantly affects the exchange rate, this is because of the integrated trading model with low Exchange Rate volatility. For this reason, it is very important to note the direction of capital inflows, which are used to finance domestic expenditure or finance accumulated capital in the traded or non-traded sectors. If capital inflows are used to finance domestic consumption, it must increase purchasing power and demand for goods traded. The study provides a descriptive picture for the Islamic pension fund provider and government to set a product based on the Muslim attitude and expectation. As far as we are concerned, there is only a small number of research on analyzing FDI, Exchange Rate, and Export but in this research specific on Automotive Industry evidence from Indonesia. This article can give contribution to policy.</p> Muhammad Fawaiq Copyright (c) 2022 Muhammad Fawaiq http://journal.unj.ac.id/unj/index.php/econosains/article/view/27974 Wed, 10 Aug 2022 00:00:00 +0700 Analysis of Capital Asset Pricing Model (CAPM) on Health Sector Stocks as a Growing Sector during the Pandemic http://journal.unj.ac.id/unj/index.php/econosains/article/view/28241 <p>Covid-19 pandemic has changed people's behavior, from initially spending a lot of money to being more active in saving. This pandemic has also increased public interest in investing in line with the desire for financial well-being. Based on KSEI data, this increase in the number of investors is six times higher than at the end of 2017. Capital Asset Pricing Model (CAPM) is a model that can be used to see the expected return in a balanced market. The main objective of CAPM is to assist investors in making optimal stock choices while avoiding risk. This study aims to examine CAPM approach in making investment choices in the health sector. This study uses a quantitative descriptive method. The data used in this study is secondary data in the form of financial reports of health sector companies listed on Indonesia Stock Exchange for the period March 2020 to February 2022. Based on the research results, 18 health sector stocks have a positive average return, 17 stocks are included in the category of efficient stock, and 1 stock is included in the category of inefficient stock. When the stock return exceeds the expected rate of return, then the stock is considered efficient.</p> Muhammad Iffadel Rasyad Copyright (c) 2022 Muhammad Iffadel Rasyad http://journal.unj.ac.id/unj/index.php/econosains/article/view/28241 Tue, 16 Aug 2022 00:00:00 +0700 Factors Affecting the Firm Value of Property and Real Estate Companies: Evidence from Indonesia as Listed on the Indonesian Stock Exchange http://journal.unj.ac.id/unj/index.php/econosains/article/view/23972 <p><strong>Purpose</strong>: The purpose of this paper is to examine the factors affecting firm value of property and real estate companies in Indonesia. This study is to estimate the relationship between asset structure, profitability, liquidity, firm size, and firm value. Property with an emphasis on housing development and construction, besides being one of the sectors that absorbs many workers, also has a long multiplier effect. This study investigates the factors affecting firm value listed on the Indonesian Stock Exchange.</p> <p><strong>Design/methodology/approach</strong> – This research is based on four independent variables with four measurements that were empirically examined for their relationship with firm value. These variables are asset structure (as measured by Fixed Asset Ratio/FAR), profitability (Return on Asset/ROA), liquidity (Current Ratio/CR), firm size (Log Natural Total Asset), and firm value (as measured by Price to Book Value (PBV). The population of this research was property and real estate companies listed on the Indonesian Stock Exchange (IDX) in 2017–2020. Data of eighteen property and real estate companies listed on the Indonesia Stock Exchange from 2017–2020 have been extracted from companies’ annual reports. Pooled ordinary least squares regression and fixed effects or random effect models have been used to analyze the data.</p> <p><strong>Findings</strong> – The findings show that the asset structure as measured by Fixed Asset Ratio (FAR), profitability (ROA), and firm size (SIZE) has a significant effect on firm value. While liquidity (CR) has no significant effect on firm value (PBV). Furthermore, the regression coefficient of Return on Assets provides the largest contribution to firm value.</p> <p><strong>Research limitations/implications</strong> – Due to data availability, the data include only property and real estate companies listed in the Indonesian Stock Exchange. This study may not have included all important financial and stock market performance indicators.</p> <p><strong>Practical implications</strong> – These results benefit not only for internal users such as managers, shareholders, and employees but also for investors, creditors as external users. For internal users this result is beneficial to the determinants of enhancing the firm value of their company. For external users also may gain advantages from these results to make financial decisions. It is clear that a significant impact happened upon this new policy implementation, and on how Indonesian property and real estate companies increase their firm value in the future.</p> <p><strong>Originality/value</strong> – This study differs from previous one in many ways; first, it focuses on property and real estate companies in Indonesia. Previous studies have concentrated on different countries and companies in other sectors, such as manufacturing, banking, and other industrial organizations. Second, this study analyzes the data from property and real estate companies’ annual reports from 2017 to 2020. Third, the study has made use of FAR, ROA, CR and TA as indicators of fundamental factors. Finally, the results of the study provide empirical evidence that firms with a degree of asset structure, profitable operations, and adequate company size, ultimately enhance firm value.</p> Salomon Parlindungan, Vera Intanie Dewi Copyright (c) 2022 Vera Intanie Dewi http://journal.unj.ac.id/unj/index.php/econosains/article/view/23972 Thu, 07 Apr 2022 00:00:00 +0700 The Influence Of Organizational Commitment and Work Motivation Toward Organizational Citizenship Behavior http://journal.unj.ac.id/unj/index.php/econosains/article/view/25071 <p>This study aims to determine the effect of organizational commitment and work motivation on organizational citizenship behavior on employees of The Bogor Regency Transportation Service. The research method used is a survey method with a descriptive approach. The population in this study found 357 employees with a research sample of 189 honorary employees. The data analysis technique used is multiple linear regression analysis using the SPSS v.25.0 programs. The results showed that organizational commitment and work motivation had a positive and significant effect on organizational citizenship<br>behavior by 60.2% and the remaining 39.8% were influenced by other variables not examined</p> Thasya Nabilla, Roni Faslah, Marsofiyati Copyright (c) 2022 Thasya Nabilla http://journal.unj.ac.id/unj/index.php/econosains/article/view/25071 Thu, 05 May 2022 00:00:00 +0700