Jurnal Ekonomi dan Bisnis

Good Corporate Governance (GCG) and Corporate Value : The Mediating Role of Return on Equity in The Banking Sector

2025-07-13T16:38:37+07:00

This study is important as it provides insights for investors and stakeholders in understanding how aspects of Good Corporate Governance (GCG) influence firm value, both directly and indirectly, with Return on Equity (ROE) as a mediating variable. The study examines the impact of four GCG aspects on firm value, with ROE serving as the mediating variable. A sample of 13 banking sector companies listed on the Indonesia Stock Exchange (IDX) from 2020 to 2022 was selected using purposive sampling. To evaluate the mediation effect, panel data regression analysis and the Sobel test were employed. The results of Structural Model I indicate that the board of directors does not have a significant effect on ROE, while institutional ownership, independent commissioners, and managerial ownership show significant impacts. The simultaneous test confirms that the independent variables collectively and significantly influence ROE. The results of Structural Model II reveal that institutional ownership, managerial ownership, and ROE significantly affect firm value (PBV), whereas independent commissioners and the board of directors do not have a significant impact. The simultaneous test further confirms that PBV is significantly influenced by the independent variables collectively. According to the Sobel test results, ROE does not function as a mediating variable in the relationship between the independent variables and PBV.

Analysis of the Role of Market Levies in Increasing Regional Revenue in Indonesia

2025-07-13T17:55:32+07:00

Market levies play a strategic role in strengthening Local Own-Source Revenue and supporting regional fiscal independence. This study analyzes the effectiveness, contribution, and factors influencing the management of market levies based on research findings from eleven regions, including Jombang Regency, Prabumulih City, Takalar Regency, Manggarai Regency, Sikka Regency, Blora Regency, South East of Maluku Regency, Balangan Regency, Wajo Regency, Pandaan City, and Banjarbaru City. The method employed is content analysis of quantitative and qualitative data obtained from each location. The findings indicate that regions with high effectiveness levels, such as Regency Jombang and Prabumulih City, have shown a positive impact on PAD. Conversely, regions with low effectiveness, such as Sikka Regency, have yet to achieve optimal results. Supporting factors include good management, accurate data collection, trader participation, and the use of digital technology, while inhibiting factors consist of low trader awareness, weak supervision, and inaccurate market potential data.

Analysis of the Influence of the Number of Workers, Population and Regional Levies on Regional Original Income

2025-08-21T05:06:01+07:00

This study examines the influence of the number of workers, population size, and regional retribution on Regional Original Revenue in Probolinggo City during the period 2009 to 2023. Although showing an upward trend, PAD in Probolinggo City remains relatively low compared to other regions in East Java. Using a quantitative time series approach, secondary data were analyzed through multiple linear regression using SPSS version 25. The regression model meets classical assumptions and is considered valid, with an R² value of 0.886. Partially, only the population variable has a significant effect. This indicates that population growth has the potential to expand the region's economic and fiscal base, while the contributions of labor and retribution remain limited due to the dominance of the informal sector and inefficiencies in the collection system. These findings highlight the need for policies aimed at strengthening the local economic structure, improving labor quality, and reforming the retribution collection system to support more sustainable PAD growth.

Regional Fiscal Landscape : Examing the Dynamics of District Balance in the Context of Regional Development

2025-07-13T17:30:47+07:00

This research analyzes the dynamics of Indragiri Hulu Regency's financial balance sheet for 2019-2024 and its regional development implications. This study uses a quantitative descriptive approach to examine trends, composition, and economic performance based on solvency ratios and fiscal independence. The results show a shift in asset structure from liquid to illiquid assets, with fixed assets reaching 90.05% by 2024. Significant decreases occurred in current assets by 48.22% (2024) and cash equivalents by 85.95% (2024). Solvency ratios are excellent, with a debt-to-asset ratio below 1% and no long-term liabilities, but fiscal independence remains low (8.2%-11.5%). The Local Revenue Effectiveness Ratio is considered adequate (101.2%), while the financial efficiency ratio is less efficient (100.8%). The research recommends strengthening cash management, adopting asset performance management, reforming receivables management, diversifying revenue, and developing innovative financing strategies to enhance fiscal sustainability and support regional development.

The Role of Foreign Investment and Domestic Investment in Indonesia's Gross Domestic Product (GDP)

2025-07-13T16:45:59+07:00

This research is important to provide a clear picture of Indonesia's economic dynamics and to support better decision-making in economic policy. Increased domestic investment is not enough to drive overall economic growth, and foreign investment is also not in line with the increase in domestic investment due to a mismatch between domestic investment and expected economic growth outcomes. The purpose of this study is to analyze the role of foreign investment and domestic investment on Indonesia's Gross Domestic Product (GDP). This study uses time series data from 2014-2023. The results of this study indicate that Foreign Direct Investment (FDI) does not have a significant positive effect on Indonesia's Gross Domestic Product (GDP). Although it shows a positive direction, the effect is not significant, so increasing foreign investment is still needed to drive the growth of Indonesia's Gross Domestic Product (GDP). Domestic Direct Investment (DDI) has a significant positive effect on Indonesia's Gross Domestic Product (GDP). This indicates that PMDN significantly contributes to GDP growth in Indonesia, with a stronger role than foreign investment. Simultaneously, foreign investment and domestic investment had a positive and significant impact on Indonesia's Gross Domestic Product (GDP) from 2014 to 2023. This indicates that although domestic investment had a partial negative impact, both simultaneously still made a positive contribution to economic growth.

Factors Influencing Tax Avoidance in Food and Beverage Subsector Companies

2025-07-13T19:21:50+07:00

This study aims to examine the extent to which liquidity, leverage, profitability, and sales growth influence tax avoidance practices. The research sample consists of 12 manufacturing companies in the food and beverage subsector listed on the Indonesia Stock Exchange (IDX) during the 2019–2023 period, selected using purposive sampling. Data analysis was conducted through classical assumption tests and multiple linear regression, with the support of SPSS version 25. The results reveal that, partially, liquidity proxied by the Current Ratio (CR), leverage measured by the Debt to Equity Ratio (DER), and profitability proxied by Return on Assets (ROA) each have a positive and significant effect on tax avoidance. Likewise, sales growth is shown to contribute positively and significantly to tax avoidance practices. Furthermore, when tested simultaneously, all four variables—CR, DER, ROA, and sales growth—also exhibit a significant influence on tax avoidance. These findings imply that higher liquidity, debt-based capital structure, profitability, and revenue growth can encourage firms to optimize their tax burden. Therefore, the study highlights the importance for management to design more effective financial strategies and tax policies in order to balance fiscal compliance with corporate performance.