International Journal of Economics Development Research (IJEDR) https://journal.yrpipku.com/index.php/ijedr <p>IJEDR focuses on economics, innovation, and investment fields. Dedicated to enhancing economics development a country, regional and the world in general. It aims to publish original articles, whether in the form of theoretical studies, empirical studies or practical studies. IJEDR invites papers on a wide range of topics, including the following (but not limited to these topics), are Economic growth, Monetary and fiscal policy effect, Innovation practices, Innovation capability, Innovation impact, Financial econometrics, Investment, Banking, International Finance, Stock Exchange.</p> Yayasan Riset dan Pengembangan Intelektual en-US International Journal of Economics Development Research (IJEDR) 2715-7903 Integrated Model To Analyze FDI Role In Success of Commercialization of High-Tech Innovations in Asia https://journal.yrpipku.com/index.php/ijedr/article/view/28 <p><em>This study aims to analyze the role of FDI in the success of commercialization high tech innovation in Asia countries. The success was marked by the increasing contribution from Asia countries to the export value of high tech products in the world. </em></p> <p><em>&nbsp;</em><em>From 49 sovereign countries in Asia, 21 countries have been selected as research samples. The result SEM analysis shows that FDI inflows to Asia countries generally pure investment from multinational companies to gain profits from the low cost of production factor in Asia, therefore increase their profit margin. </em></p> <p><em>&nbsp;</em><em>In other words, FDI in Asia countries only increase production quantity of high tech products without increasing innovation activity in the countries, which innovation activity can be measured by R&amp;D expenditure, number of resident patent application and number of scientific journals international publication.</em></p> Sarli Rahman Andi Oh Yusrizal Copyright (c) 2020 International Journal of Economics Development Research (IJEDR) 2020-01-02 2020-01-02 1 1 3 18 10.37385/ijedr.v1i1.28 Economic Transformation: The New Spiritual Leadership Model In Blimbingsari Village Jembrana Bali https://journal.yrpipku.com/index.php/ijedr/article/view/23 <p><em>A spiritual leader can appear in any situation. It can not be just a genetic theory that allows a person to be a spiritual leader but is supported by social theory and ecological theory. In addition to the above theory, there is one more the most fundamental theory of the emergence of a spiritual leader of Divine theory. &nbsp;</em></p> <p><em>&nbsp;</em><em>The aim of this study is to identify the meaning of spiritual leadership in Blimbingsari Village, to identify the principle of spiritual leadership in Blimbingsari Village, and to analyze what does the spiritual Leader do to the economic transformation of Blimbingsari village. &nbsp;</em></p> <p><em>&nbsp;</em><em>The methodology used is qualitative with data collection techniques are participant observation or participatory nature of direct involvement, interview, literature review, case study, and documentation. </em></p> <p><em>&nbsp;</em><em>Village leaders Blimbingsari always increase leadership capacity through the intervention of the factors of spiritual values, work ethics, social capital, and entrepreneurial factors. These factors are growing in the middle of the village of Blimbingsari understood as a pattern of beliefs, values, and behaviors and leaders as agents of change do the role and relationship with the community intensive because it is influenced by historical trends, social attitudes, and socioeconomic factors.</em></p> Wayan Junaedi Dermawan Waruwu Copyright (c) 2020 International Journal of Economics Development Research (IJEDR) 2020-01-02 2020-01-02 1 1 19 35 10.37385/ijedr.v1i1.23 Analysis On The Influence Of Current Ratio, Debt to Equity Ratio and Total Asset Turnover Toward Return On Assets On The Otomotive and Component Company That Has Been Registered In Indonesia Stock Exchange Within 2011-2017 https://journal.yrpipku.com/index.php/ijedr/article/view/26 <p><em>A good company can be seen from the level of return on assets invested, and it affects the interest of an investor to invest in. But the high or low level of profit can be influenced by the financial performance of one of the financial performance is the Current Ratio, Debt to Equity Ratio, and Total Asset Turnover. </em></p> <p><em>&nbsp;</em><em>Therefore, a study was conducted to find out whether the Current Ratio, Debt to Equity Ratio, and Total Asset Turnover had an effect on Return On Assets in Automotive and Component companies listed on the Indonesia Stock Exchange for the period 2011-2017. The study population consisted of 12 companies selected by purposive sampling. Financial report data is obtained from the Indonesia Stock Exchange (IDX). </em></p> <p><em>&nbsp;</em><em>The data analysis technique used is multiple linear regression analysis with SPSS 19.0 and SMART PLS 2019 application tools. The results obtained from this study are the Current Ratio which has a significant effect on Return On Assets, Debt to Equity Ratio has a not significant negative effect on Return On Assets, and Total Asset has a significant positive effect on Return On Assets.</em></p> Mimelientesa Irman Astri Ayu Purwati Copyright (c) 2020 International Journal of Economics Development Research (IJEDR) 2020-01-02 2020-01-02 1 1 36 44 10.37385/ijedr.v1i1.26 Sell in May and Go Away or Just Another January Effect? Studied of Anomaly in Indonesia Stock Exchange https://journal.yrpipku.com/index.php/ijedr/article/view/27 <p><em>Sell in May and go away is a phenomenon of return anomaly that starts in May and lasts until October. These months are called the worst months of stocks. Conversely, the months of November to April are often referred to as the best months of the stock where a higher rate of return is achieved throughout the year. Although it has not been proven academically, this phenomenon has been mentioned by various media in Indonesia such as Kontan, CNN Indonesia, and Tempo Business which are predicted to correct the JCI throughout 2017. </em></p> <p><em>&nbsp;</em><em>The purpose of this study is to prove the phenomenon of sell in May and go away on the Indonesia Stock Exchange, and find out whether the average best return of the month is affected by the high return in January.</em></p> <p><em>&nbsp;</em><em>The results prove that even though the average returns increase in November-April was due to the high return in January, but there was no sell in May and go away on the Indonesia Stock Exchange. Under these conditions, the direction of the relationship between risk and return is the opposite that directs the Indonesia Stock Exchange to the efficient market hypothesis.</em></p> Restu Hayati Mimelientesa Irman Lintang Nur Agia Copyright (c) 2020 International Journal of Economics Development Research (IJEDR) 2020-01-02 2020-01-02 1 1 45 56 10.37385/ijedr.v1i1.27 Analysis of Method Used to Predict Financial Distress Potential in Pulp and Paper Companies of Indonesia https://journal.yrpipku.com/index.php/ijedr/article/view/29 <p>This study aims to predict financial distress in pulp and paper companies in Indonesia. The data used are the financial statements of each pul and paper company listed on the Indonesia Stock Exchange in 2012-2017.</p> <p>Data analysis techniques used descriptive analysis with three methods of financial distress prediction, namely the Altman Z-Score, Springate, and Zmijewski methods. The results showed that the Zmijewski method is a prediction method with the highest accuracy rate of 100%, with an error type of 0%. The Altman Z-Score method has an accuracy rate of 28.6%, with an error type of 71.4%.</p> <p>While the Springate method has an accuracy rate of 14.3%, with an error type of 85.7%. Therefore an accurate prediction method to predict the potential for financial distress is the Zmijewski method.</p> Fadrul Fadrul Ridawati Ridawati Copyright (c) 2020 International Journal of Economics Development Research (IJEDR) 2020-01-02 2020-01-02 1 1 57 69 10.37385/ijedr.v1i1.29