UG Economics Facultydestidirnaemi.staff.gunadarma.ac.id/Publications/files/... · 24. Performance...

UG Economics FacultyInternational Conference 2018

PROCEEDING UG ECONOMICS FACULTY

INTERNATIONAL CONFERENCE 2018 Digital Economy Evolution in The World of

Innovation, Competition and Growth October 31th 2018

Campus J6 Universitas Gunadarma

Jaka Mulya, Cikunir Bekasi Indonesia 17146

iii

PROCEEDING UG ECONOMICS FACULTY

INTERNATIONAL CONFERENCE 2018 Digital Economy Evolution in The World of

Innovation, Competition and Growth October 31th 2018

Campus J6 Universitas Gunadarma

Jaka Mulya, Cikunir Bekasi Indonesia 17146

ISSN : 9772654887009

Copyright @2018 by Gunadarma Publications

Gunadarma Publications

Jl. Margonda Raya 100 Pondok Cina Depok, 16424

Phone: +62-21-78881112 Fax: +62-21-7872829

iv

PROCEEDING

UG Economic Faculty International Conference 2018 Digital Economy Evolution in The World of Innovation, Competition and Growth October 31th 2018 Campus J6 Universitas Gunadarma Jaka Mulya, Cikunir Bekasi Indonesia 17146 Cover: Beni Susanti & Team Copyright @2018 by Gunadarma Publications ISSN : 9772654887009

HOST:

Co Host:

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Scientific Board

1. Prof. Dr. E.S. Margianti, SE., MM, Gunadarma University, Jakarta, Indonesia 2. Prof. Suryadi H.S., Ssi., MMSI, Gunadarma University, Jakarta, Indonesia 3. Prof. Dr. Alexandru Stratan, National Institute for Economic Research, Republic of

Moldova 4. Prof. Dr. Didin Mukodim, Gunadarma University, Jakarta, Indonesia 5. Ir. Toto Sugiharto, M.Sc., Ph.D, Gunadarma University, Jakarta, Indonesia 6. Prof. Dr. Ercan Uygur, Turkish Economic Association, Ankara, Turkey 7. Prof. Dr. Euphrasia Susy Suhendra, Gunadarma University, Jakarta, Indonesia 8. Prof. Dr. Budi Hermana, Gunadarma University, Jakarta, Indonesia 9. Prof. Dr. Dharma Tintri Ediraras, SE., Ak., MBA, Gunadarma University, Jakarta,

Indonesia 10. Y. C. Paya HSU, Ph.D, Duy Tan University, Da Nang, Viet Nam 11. Dr. Ing. I Made Wiryana, M.Sc., Gunadarma University, Jakarta, Indonesia 12. Dr. Peni Sawitri, SE., MM, Gunadarma University, Jakarta, Indonesia 13. Iman Murtono Soenhadji, Ph.D, Gunadarma University, Jakarta, Indonesia 14. Prof. Dr. Jitender Bhandari, Asia-Pacific Institute of Management, New Delhi, India 15. Dr. Imam Subaweh, SE., MM, Ak., CA, Gunadarma University, Jakarta, Indonesia 16. Dr. Misdiyono, SE., MM, Gunadarma University, Jakarta, Indonesia 17. Dr. Himanshu Dutt, Bajaj Capital, Ltd., New Delhi, India 18. Prof. Dr. Ikramov Murat Akramovic, Tashkent University of Economy, Uzbekistan

Editorial Board

1. Dr. Sri Murtiasih 2. Dr. Emmy Indrayani 3. Sundari, SE., MM 4. Dr. C. Widi Pratiwi 5. Dr. Lies Handrijaningsih

vi

Foreword from

The Rector of Gunadarma University Indonesia

First of all, on behalf of Gunadarma University, I would like to welcome all speakers and participants of the UG Economics Faculty International Conference 2018 in Campus J6 Gunadarma University, Bekasi- Digital Economy Evolution in The World of Innovation, Competition and Growthin the global economy as it has challenged the economy during the era of globalization.

University always attempts to have a golden opportunity in taking parts of increasing the abilities and competition of Indonesia economics. After passing quite a long journey of history, currently Gunadarma University has been existing in Indonesia for more than a quarter of century, which has no less than 35,000 students as well as more than 70,000 graduates. Gunadarma University has succeeded in achieving the pinnacle of its career by having a good reputation as a prominent university in Indonesia as well as globally.

Based on the conference theme, Digital Economy is one of the economic factors which is needed particularly in the global economics. In this conference, various Digital Economics problems will be investigated by the involvement of researchers across the globe who are in the developing countries. Theses researchers eventually act as a bridge of the dominance of thought of researchers in developed countries and developing countries. It is also a provision of platform in exchanging management thoughts in this new era of globalization.

The main topic is determined due to the current economy condition from the whole world which continuously keeps the pressure on the digital condition which becomes the essential needs from the

economy must always be maintained in order to hold up the value of a particular country. Hence,

As the medium for knowledge sharing, a proceeding is published and distributed. In these publications, all valuable articles which are presented on the conference can be found. The articles cover a broad spectrum of topics of digital economy. The articles provide an overview of critical research issues reflecting on past achievements and future challenges.

In this occasion, I would like to thank our keynote speaker, H.E. Ulugbek Rosukulov, the ambassador of Republik of Uzbekistan, and also to our distinguished speakers, Prof. Dr. Alexandru Stratan, Dr. Herman Saherudin and Dr. Himanshu Dutt

In addition to the efforts of all those people, the success of the conference was due to the financial support from Gunadarma University Indonesia, as well as our sponsors Bank DKI, PT. Pamapersada Nusantara, AAMAI and PT. Maskapai Reasuransi Indonesia, Tbk during this event.

Finally, we owe gratitude to all the conference participants for their contributions to the intellectual discourse during the conference.

vii

As closing remarks, let us say thank you to the Lord Almighty God for all His blessing on us. Ultimately, I hope that this conference will produce a wide range of formulation forms which can be used by many parties in order to increase competition, and the ability of Indonesia in particular as well as other countries.

Jakarta, 31st October 2018

Prof. Dr. E.S. Margianti, SE. MM

Rector of Gunadarma University

viii

Acknowledgement

Thank God for the blessing and grace without which the accomplishment of the UG Economics Faculty International Conference 2018 would have not been possible. The proceeding contains a number of research articles on economics, accounting, finance and marketing already presented in the UG Economics Faculty International Conference 2018. We would like to express our gratitude that our ideas were positively responded by the speakers and participants from such different countries as Indonesia, Uzbekiztan, India, Moldova, and Vietnam. Our gratitude hereby specially goes to:

1. Prof. Dr. E.S., Margianti, SE., MM, the Rector of Gunadarma University 2. Prof Suryadi HS., SSi., MMSI, the Vice Rector II 3. Ir. Toto Sugiharto, MSc. Ph.D, the Dean of Economic Faculty 4. Prof. Dr. Euphrasia Susy Suhendra 5. The Speakers 6. The moderator 7. The presenters 8. The reviewers 9. The organizing committee

We are equally thankful for the great support and sponsorship from Bank DKI, AAMAI, PAMA, Marein and Nusa Megarkencana as the Co Host. We certainly acknowledge the possible mistakes or imperfection in either the presentation or the content of the book, which may result from our limited knowledge and capacity. Accordingly, constructive suggestion and correction are welcome. We expect that this work will contribute much to the improvement of our scientific knowledge and insight. Finally, our infinite thanks for the time shared by the families and friends. We are deeply indebted to their understanding and support in completing this work. Hopefully, this book will bring benefit to us. October 2018 Editor

Proceeding UG Economic Faculty-International Conference Gunadarma University Campus J6,Oct 31th 2018 ISSN: 9772654887009

Table Of Content ix

TABLE OF CONTENT

NO Title Page

1. The Effect Of Net Income, Operation Cash Flow, Stock Price, And Inflation On Cash Dividend In Industrial Sector Of Consumtion Goods In Index LQ-45.

Fitri Apriyanti, Desi Pujiati

1-10

2. The Influence Of Innovation, Creativity, And Market Orientation Towards Marketing Performance Through Competitive Advantage As An Intervening Variable. (A Case Study On The Rubber And Plastic Goods Industry In Jakarta).

Waseso Segoro, Rina Ardia Kusumawati

11-17

3. Institutional Ownership, Board Of Commissioners, Audit Committee, Audit Quality On Tax Avoidance

Fitri Madiana, Desi Pujiati

18-26

4. Effect Of Export And Import On Rupiah Exchange Rate Per Us Dollar Desti Dirnaeni, Christera Kuswahyu Indira, Irfan Ardiansyah

27-34

5. The Digitalization Process Of Salak Pondoh Marketing At Gapoktan Of Ngudi Luhur Magelang, Central Java

Budiman, Ali Akbar, Ade Irmayanti

35-39

6. Analysis and Design Cash Sales Accounting Information System In Utama Aluminium Stores

Azhelia Syafira, Lana Sularto

40-49

7. Bankruptcy Prediction Analysis Using Altman Z-Score, Springate, Zmijewski, Foster, Grover And Fulmer Model at PT. Bakrie & Brothers Tbk Period 2013-2017

Muhammad Habibur Rahman, Lana Sularto

50-58

8. The Influence Of The Original Regional Revenue (PAD), General Allocation Funds (DAU), Special Allocation Funds (DAK), And Revenue Sharing Funds (DBH) On Capital Expenditures In Bengkulu Province Period 2013-2016

Maria Goretty Kurnia Sari, Lana Sularto

59-68

9. The Influence Of The Quality Of Digital Services On The Satisfaction Of Services In The Service Of Population And Civil Registration Of The City Of Palembang

Sunarto, Maulana Ali

69-75

10. The Effect Of Financial Pressure, Opportunity And Rationalization To Financial Statement Fraud (Studi Kasus Pada Perusahaan Pertambangan Di Bursa Efek Indonesia)

Tina Aprilia, Caecilia Widi Pratiwi

76-83

Proceeding UG Economic Faculty-International Conference ISSN: 9772654887009 Gunadarma University Campus J6,Oct 31th 2018

x Table Of Content

NO Title Page

11. Financial Distress Prediction And Seeing The Influence Of Altman Ratio On Company Financial Distress

Hadhi Dharmaputra Juliyani, Bertilia Lina Kusrina

84-88

12. Analysis of The Effect of Fundamental Factor (ROE, DAR, and EPS) On Stock Prices

Muhammad Iman Fadhillah, Bertilia Lina Kusrina

89-97

13. Utilization Of Resources Through Community-Based Tourism Dhiana Ekowati, Winanto Nawarcono

98-110

14. The Effect Of Intellectual Capital On Financial Performance

Arif Rahmad Hidayat, Bertilia Lina Kusrina

111-121

15. Knowledge Management Model In Social Media Inayatulloh, Winda Widya Ariestya

122-127

16. Factors Influencing Consumer Interest Of Jd.Id Online Shop

Anisa Khaerusani, Lies Handrijaningsih, Anisah

128-137

17. The Human Capital Effect On Economic Growth Through Information Technology In Asean

,, Noor Muhammad Adipati, Dini Andriyani

138-145

18. Evaluation Of Flypaper Effect In District / City Government In Jawa Tengah Province 2014-2016 Period

Dyah Kurniawati, Caecilia Widi Pratiwi

146-155

19. The Effect Of CSR, Mechanism Of GCG, And Size On Tax Avoidance: Empirical Study On Food And Beverage Companies Listed At IDX In Period 2013-2016 Nyimas Gusti Tunjung Arum, Cicilia Erly Istia

156-161

20. Implemented Of Fuzzy Tsukamoto Method In Production Quantity Predicting

Boldson Herdianto Situmorang, Prihastuti Harsani, Winda Widya Ariestya, Puji Wahyuutami

162-167

21. Effect Of Firm Size, Leverage, Profitability And Liquidity To The Disclosure Of Internet Financial Reporting (IFR) In Banking Companies Listed In BEI Year 2012-2016

Dwi Ayu Maharafni, Imam Subaweh

168-177

22. The Important of Digital Marketing for Innovative Economic Sustanaibility Ikramov M.A, Eshmatov S.A.

178-180


Table Of Content xi

NO Title Page

23. The Effects Of Fundamental Factor Toward Stock Return In Sub Sector Of Textile And Garment Companies Listed In Indonesia Stock Exchange On 2012-2017

Sri Dewi Sekarningsih, Lies Handrijaningsih, Angga Putri Ekanova, Septi Mariani T.R

181-188

24. Performance Analysis Of PT Blue Bird Tbk Using Balanced Scorecard Measurement (2015 - 2017 Financial Period)

Piter Paolas Pangemanan, Toto Sugiharto

189-200

25. Comparison Of The Accuracy Among Altman Z-Score, Springate, Zmijewski, And Grover In Assessing The Potential Financial Distress: Empiricalstudy In Retail Trade Subsector Companies Registered In The Indonesia Stock Exchange 2013-2016 Period

Ani Riyani, Toto Sugiharto

201-215

26. Revenue Optimization By The Simplex Method At Osuki Outlet (Branch Of Lippo Plaza Kramat Jati)

Rahmi Meyliza Putri, Masodah

216-225

27. Social Media Influencer: Marketing Strategy For SMES

Subagyo, Gesty Ernestivita

226-236

28. Factors For Determining Internet Financial Reporting On Local Government Websites In Indonesia

Luthfi Yuliana, Peni Sawitri

237-245

29. Correlation Between Foreign Transaction And Performance Of Islamic Stocks (ISSI) In Indonesian Stock Exchange

Riskayanto, Bagus Nurcahyo, Sulimah

246-250

30. Influence Of Tax, Tunneling Incentive, Bonus Plan, Good Corporate

In Manufacturing Companies Listed On Indonesia Stock Exchange 2012-2016 Period

Andrea Vindi Sukmana, Sundari

251-256

31. Buruh Gendong Attitude In Customer Service (Case Study In Beringharjo Market Yogyakarta)

Sri Darini, Dhiana Ekowati, Winanto Nawarcono

257-265

32. Keyword For Disclosure Index Application Case Indonesia Banking

Romdhoni Susilatmadja, Lintang Yuniar Banowosari, Annisa A. Dwinuri

266-270

33. -Puncu Kediri Community Health Center

Restin Meilina

271-280


xii Table Of Content

NO Title Page

34. Social Media As A Channel For Promoting E-Commerce Platform

Detty Purnamasari, Lucky Rachmadeni, Koko Bachrudin 281-286

35. Information System Design In Po Sinar Jaya Ticket Reservation Website On Cibitung Bekasi Branch

Wahyu Supriyatin, Ida Astuti

287-294

36. Fundamental Analysis And Discounted Cash Flow Valuation Of Healthcare Stock At Indonesian Stock Exchange

Zharfan Dhaifullah

295-305

37. The Automated Test Software Design And Cost Benefit In Sanity Testing

Muhammad Isa Wibisono, Rizky Sugiharti Utami, Fakhrul Ridha, Aris Budi Setyawan

306-314

38. A Determining Of Demand Function Model Of Motorcycle Sparepart At CV Sumber Motor

Tia Chisca Anggraeni, Dewi Anggraini P. Hapsari, Winda Widya Ariestya

315-319

39. Effect Of Security, Perception, Usefulness, And Price Against The Use Of E-Money Card Mandiri As A Tool Transaction

Sri Nawangsari, Mutia Lariza Andini

320-328

40. The Effects Of Financial Stability, Leverage, Financial Target, Audit Quality, And Financial Expertise Of Committee Audit Member To Financial Statement Fraud (Case Study On Manufacturing Firms Which Listed In Indonesia Stock Exchange Period 2012-2016)

Wilda Nur Syahputri, Sri Sapto Darmawati

329-337

41. Determinants Of Good Governance And Their Implications On Public Listed Banks In Indonesia Stock Exchange

Sri Sapto Darmawati, Dharma Tintri E, Emmy Indrayani

338-347

42. Market Potential And Reality Application Of Digital Martketing In Vietnam Enterprise During Current Period

Trinh Le Tan, Dao Thi Dai Trang

348-353

43. A Linier Graphics Analysis To Predicting The Equilibrium Function Using Matlab

Dewi Anggraini P. Hapsari, Sugeng Santoso, Desi Novianti

354-358

44. Information Tecnology Audit at PT Link Net, Tbk By Using Isaca Instruments Christopher Iskin Putra, Ary Natalina

359-370

45. Financial Technology Impacts On Financial Performance An Empirical Study On Banking

B. Sundari, Natania Hanna

371-380


Table Of Content xiii

NO Title Page

46. Financial Technology An Evidance From Indonesia Study Case From Finance Public Entities

B. Sundari, Maharani Kinanti Djuanita

381-389

47. Islamic Banking Intellectual Capital And Islamic Social Responsibility Effect On Financial Performance

Masodah, Octavia Berliana, Laina Zahra

390-400

48. The Effect Of Bank Health Levels On Firm Values With Corporate Social Responsibility As Intervening Variable (In National And Private Commercial Banks Period 2012-2016)

Nur Khasanah, Sugiharti Binastuti

401-410

49. Concept Of Marketing And Promotion Mix For New Business Hydroponics Minimun Plant Point

Ema Nurzainul Hakimah, Sri Aliami

411-420

50. The Evidence Of Seasonal Market Anomalies In Indonesia Stock Exchange Rina Sugiarti, Desy Atikah Surahman

421-430

51. Oil-Gas And Non Oil-Gas Export Commodities: Determinants And Its Impact On National Foreign Exchange Reserves Case Studi : Indonesia 1998 - 2017

Vina Esly Marini, Iman Murtono Soenhadji

431-437

52. Direct And Indirect Effect Of E-Service Quality, Trust, And Experience On Re-Purchase Intention Through Customer Satisfaction

Laravia Nendri, Reni Anggraini

438-445

53. Comparison Of Promotion Mix On Consumer Purchase Intention Of Music Products In Indonesia And India In The Digital Era

Teddy Oswari, Reni Diah Kusumawati, Tristyanti Yusnitasari, Himanshu Dutt

446-451

54. Using Computer Assisted Audit Tools And Techniques (Caatts), And The Quality Of Tax Auditing

Detty Purnamasari, Fenni Agustina, Aldefa, Dharma Tintri E

452-457

55. The Analysis Effect Of Shopping Motivations And Contextual Elements Of Daily Deals Website On Compulsive Buying Consumers In Indonesia

Auliya Cornelia Hidayat, Sri Murtiasih

458-465

56. Decision Making System In Selecting Seeds Of Chili Hybrida Superior Variety Using Ahp (Analytic Hierarchy Process).

Onny Marleen, Suharni, Anggraeni Ridwan, Rani Puspita

466-478

57. A Tutored Approach: Flashcard Based Digital Storytelling System Jumail, Eka Budhy Prasetya, Rita Dwi Risanty

479-486


xiv Table Of Content

NO Title Page

58. Analysis Of Shopee E-Commerce Performance By Load Testing And Stress Testing

Aviarini Indrati, Pertiwi Kusumastuti, Dea Adlina

487-494

59. National Competitiveness Evolution In The World Of Innovation, Competition And Growth

Alexandru Stratan

495-503

60. The Influence of Website Quality, Lifestyle Shopping, and Price Discount on Impulse Buying Behavior on Online Shopping Sites Betyeka Anggiyangsari Retnaningtyas, Emmy Indrayani

504

61. intention towards energy-saving light bulbs Paya Y.C. Hsu , Emmy Indrayani

505


Dirnaeni, Indira, Ardiansyah 27

Effect Of Export And Import On Rupiah Exchange Rate Per Us Dollar

Desti Dirnaeni1, Christera Kuswahyu Indira2, Irfan Ardiansyah3

Faculty of Economics Gunadarma University, Jakarta Indonesia [email protected], [email protected] 2,

[email protected]

ABSTRACT

Import will impact the exchange rate of currency. Embargoes, quotas & rates are policies that will greatly affect the exchange rate of our currency. This study aims to determine the condition of the development of exports and imports as well as their influence on the Rupiah exchange rate per US Dollar during the period 1996-2017. The weakness in exports occurred in 2009 and import in 1998 and increase on export and import in 2010. Exports will impact on the Rupiah exchange rate against the US dollar, higher exports will be followed by a rise in the US dollar, so that the rupiah will weaken. If the US dollar strengthens the country will reduce imports, it will impact on entrepreneurs

Keyword: Export Value, Import Value and Exchange Rate (Exchange Rate)

JEL Codes: F31

INTRODUCTION In this world no country is able to meet the needs of its own country without interference from other countries, it is due to differences in the resources of each country, for this reason cross-country trade (export-import) becomes a sure thing to happen. For example, Japan is a country with minimal iron natural resources, so that Japan buys iron ore one of them from Indonesia, and vice versa Indonesia imports vehicles from Japan due to limited human resources. In carrying out cross-country economic activities (export-import), the nation's currencies that transact into each other are the key valuable trade, in accordance with the law of the demand for goods and services, this applies also to the value of currencies for countries that adhere to the free floating exchange rate system (Free Floating Rate) like Indonesia. The higher the market demand for the Rupiah, the higher the selling value and purchasing power of the Rupiah against foreign currencies. Maintaining the value of the Rupiah is the same as maintaining national sovereignty in economic terms. United States of America or United State of America (USA) with US Dollar ($), is a superior country in the economic field due to its enormous trading power. Almost all countries have economic relations with the United States and are widely used internationally, this is what makes the American Dollar an international currency. Indonesia also has a dynamic trade relationship with the United States, most of Indonesia's exports are in the form of mining products (petroleum, coal, iron ore etc.) while most of what we import from America are technological goods (computers, mining equipment, medical equipment etc). Dependence on import, will cause the exchange rate to be very vulnerable as economic policy is always changing. Embargoes, quotas & rates are policies that will greatly affect the exchange rate of our currency if we are too dependent on imports. Then what is the Government's efforts as the holder of the regulation, maintaining the exchange

listed in the 1945 Constitution. Based on the description above, the problem in this study is how the condition of Indonesia's export and import development during the period 1996-2017? and How is the influence of exports and imports on the Rupiah exchange rate per US Dollar during the period 1996-2017? imports as well as their influence on the exchange rate of Rupiah per US Dollar during the period 1996 to 2017.

mailto:[email protected]:[email protected]:[email protected]

Proceeding UG Economic Faculty-International Conference ISSN: 9772654887009 Gunadarma University Campus J6, Oct 31h 2018

28 Dirnaeni, Indira, Ardiansyah

RESEARCH METHODS The sample which used in this study is saturated samples, where all the population members are used as sample (Sugiyono, 2011). Data collection methods which used in this study with census methods during the period 1996 to 2017, and the data was obtained from the Ministry of Home Affairs (Ministry of Trade of the Republic of Indonesia) data for the period 1996 to 2017. This type of research is literature study by collecting various literature and previous studies using secondary data as information material that is processed in descriptive and quantitative ways. The analytical tool used in this study, namely: Descriptive Analysis

The analysis is a descriptive analysis that is used to provide an overview of developments in the research variables (Mustika, 2015), therefore the following formula is used:

Multiple Linear Regression To analyze the effect of exports and imports on the rupiah exchange rate, multiple regression is used, as follows:

1X1 2X2 + e = constant

X1 = Export X2 = Import Y = Rupiah exchange rate per USD e = Error Partial Influence Test (T Test)

Statistical test T basically shows how far the influence of an independent variable individually in explaining the variation of the dependent variable. The basis for decision making is to use a significant probability number, which is to compare the t-statistic value with a critical point according to the table. If the t-statistic value resulting from the calculation is higher than the t-table, we accept the alternative hypothesis which states that an independent variable individually affects the dependent variable. Simultaneous Effect Test (Test F)

The F test is used for research in order to determine the significance level of the influence of independent variables, namely purchasing decisions together (simultaneously) on the dependent variable, namely experiential marketing. Formula:

F = / n- k -1

Where: R2 = multiple determination coefficient n = number of respondents k = number of independent variables



RESULTS AND DISCUSSION

Development Of Indonesian Exports In Period 1996 To 2017

Exports are one of the macro economic see the development of Indonesian exports during the period 1996 to 2017 can be seen in the following table:

Table 1. Development of Indonesian Exports in 1996 to 2017

YEAR INDONESIAN EXPORT (MILLION USD)

DEVELOP-MENT %

1996 49814,90 1997 53443,50 7,28 1998 48847,60 -8,60 1999 48665,40 -0,37 2000 62124,00 27,66 2001 56320,90 -9,34 2002 57158,80 1,49 2003 61058,10 6,82 2004 71584,60 17,24 2005 85659,95 19,66 2006 100798,59 17,67 2007 114100,90 13,20 2008 137020,38 20,09 2009 116510,00 -14,97 2010 157778,80 35,42 2011 203496,60 28,98 2012 190020,20 -6,62 2013 182551,90 -3,93 2014 175979,90 -3,60 2015 150366,30 -14,55 2016 145186,10 -3,45 2017 168828,30 16,28

Average 110787,08 6,65 Source: Ministry of Trade of the Republic of Indonesia, 2017 to 2017 havig fluctuation with an average of export value 110787,08 in million US dollars and an average development of 6,65%. During the period 1996 to 2017 Indonesia faced various kinds of events which had an impact

2009 the period, which amounted to -14,97% and the highest export development occured in 2010 which was 35,42 %. Development of Indonesian Imports for The Period 1996 to 2017 Imports are the same as exports, which is one of the macro economic indicators that also greatly affect the expenditure of companies that are still dependent on imported goods, to see development of Indonesian imports during the period of 1996 to 2017 can be seen in the following table:



Table 2. Development of Indonesian Imports from 1996 to 2017

YEARS INDONESIAN IMPORT (MILLION

USD) DEVELOP-MENT

% 1996 42928,5 1997 41679,8 -2,91 1998 27336,9 -34,41 1999 24003,3 -12,19 2000 33514,8 39,63 2001 30962,1 -7,62 2002 31288,9 1,06 2003 32550,7 4,03 2004 46524,52 42,93 2005 57700,87 24,02 2006 61065,54 5,83 2007 74473,3 21,96 2008 129197,3 73,48 2009 96856,2 -25,03 2010 135606,1 40,01 2011 177435,7 30,85 2012 191689,6 8,03 2013 186628,7 -2,64 2014 178178,7 -4,53 2015 142694,8 -19,91 2016 135652,8 -4,94 2017 156985,7 15,73

Average 92497,95 8,79 Source: Ministry of Trade of the Republic of Indonesia, 2017 From the data above, can be seen that the development of Indonesia's imports during the period 1996 to 2017 fluctuated with an average import value of 92497.95 in million US dollars and an average growth of 8.79%. During the period 1996 to 2017 Indonesia faced the problem of the weakening of the Rupiah exchange rate against the United States Dollar lately having an impact on business people in Indonesia, one of which is MSMEs that use imported raw materials. During this period, the lowest imports occurred in 1998, which amounted to -34.41% and the highest import growth occurred in 2010, which was 42.93%. Development Of The Rupiah Against The United States Dollar For The Period 1996-2017 The exchange rate is one of the macroeconomic indicators that can affect a country's economic condition, in this case the comparison is the Indonesian currency against the United States dollar because Indonesia's foreign exchange reserves are the United States dollar and the current dollar is considered international currencies that can be used in almost every country in the world, the United States is also included in the Indonesian export and import countries. During the period 1996 to 2017 the rupiah exchange rate against the dollar had a tendency to always increase and its peak occurred in 1998, where Indonesia experienced an economic crisis and after that fluctuations in the rupiah exchange rate began to be relatively stable and not too striking in its rise and decline, in other words sharply unlike what happened in 1998, the value of the rupiah experienced a decline against the US dollar because in that year Indonesia had crisis.



The economy and political crisis were severe enough that it also had an impact on the rupiah exchange rate against the United States dollar. However, throughout the period the rupiah exchange rate tended to decline. To see the development, it can be seen more clearly in the following table:

Table 3. Development of the rupiah exchange rate against the United States dollar

YEARS RUPIAH EXCHANGE RATE PER US

DOLLAR DEVELOP-MENT % 1996 2383,00 1997 4650,00 95,13 1998 8025,00 72,58 1999 7100,00 -11,53 2000 9595,00 35,14 2001 10265,67 6,99 2002 9261,17 -9,79 2003 8571,17 -7,45 2004 9030,42 5,36 2005 9750,58 7,97 2006 9141,25 -6,25 2007 9142,42 0,01 2008 9771,67 6,88 2009 10356,17 5,98 2010 9078,25 -12,34 2011 8773,25 -3,36 2012 9418,58 7,36 2013 6644,92 -29,45 2014 11884,50 78,85 2015 13457,58 13,24 2016 13329,83 -0,95 2017 13398,17 0,51

Average 9228,57 11,59 Source: Ministry of Trade of the Republic of Indonesia, 2017 From the data above it can be seen that during the period 1996 to 1997 the average exchange rate of the rupiah against the United States dollar was 9228,57 and the average development rate was 11,59% with the highest rupiah appreciation occurring in 2013 amounting to -29,45% and the highest rupiah decline occurred in 1997 at 95,13%. Effect Of Export And Import On Rupiah Exchange Rate Per Us Dollar Double Regretion Linear To determine the effect of export and import values on the Rupiah exchange rate per USD in accordance with the data analysis used in research method chapter is a multiple linear regression method so that the following result: Table 4 Result of regression of the value of export and import of the Rupiah exchange rate per US Dollar



Image 1 Coefficients Coefficientsa

a. Dependent Variable: EXCHANGE RATE From the output table above, the regression model equation can be made as follow: Rupiah exchange rate per USD= 5114,36 + 0,081X1 0, 053X2 =+e From the result of the regression equation above shows that if the value of exports and imports is in zero position, the rupiah exchange rate is 5114.36 in percent, while if the export value rises by 1 percent then the Rupiah exchange rate per USD increases 0.081 in percent units, and if the import value rises by 1 percent, the Rupiah exchange rate per USD will decrease by 0,053 in percent. Increasing exports that occur in the year will have an impact on the increase in the rupiah exchange rate or in other words the rupiah is depreciating against the US dollar. While the import of Indonesia also experienced an increase in 2010, in this condition means there was a depreciation in the price of imported goods increased. Partial Influence Test (T Test)

From the results of the T test contained in 4th table; the result of the export value of 1,533 with a probability of 0,142 means that the export does not affect the rupiah exchange rate, while the import of -1,330 with a probability of 0,273 means that imports have no effect on the Rupiah exchange rate per US Dollar.

Simultaneous Effect Test (F Test)

To determine the effect of exports and imports when calculated simultaneously, can be seen in the table below: Table 4 Result of regression of the value of export and import of the Rupiah exchange rate per US Dollar

Image 1 Table ANOVA

From the result of the simultaneous effect test in the table above, the result is 3,374 which means that exports and imports together affect the increase of the Rupiah exchange rate per US dollar.



CONCLUSIONS AND IMPLICATION CONCLUSION Based on the problem identifications which are in the introduction above, find the following results:

1. The conditions for the development of exports and imports in Indonesia are increasing and decreasing or fluctuating. The weakness in exports occurred in 2009 while an increase occurred in 2010. Likewise with imports, there was a weakness in 1998 and an increase in 2010.

2. Based on the results of research that has been done, it has been found that exports affect the exchange rate of the rupiah against the US dollar, or it can be said that the higher exports will be followed by an increase in the United States dollar, so that the rupiah will weaken. While on imports, has a negative influence on the exchange rate of the rupiah against the US dollar, meaning that if the dollar strengthens then the country will reduce imports, and this will have an impact on entrepreneurs who use imported raw materials.

RECOMMENDATION Based on the result of the conclusions in the study, then the suggestions can be given are as follows:

1. For increasing the exports, government and industrial society should collaborate by minimizing exports of raw materials, and maximizing exports of finished goods. In addition to reducing import dependence, the government must increase human resources who are competent on their fields, so that each product can be produced domestically.

2. The government and industry community must look for trading partners from other countries as an alternative when the rupiah exchange rate against the dollar is weak.

IMPLICATION

Based on the result of the conclusions in the study, then the suggestions can be given are as

follows: 1. For increasing the exports, government and industrial society should collaborate by

minimizing exports of raw materials, and maximizing exports of finished goods. In addition to reducing import dependence, the government must increase human resources who are competent on their fields, so that each product can be produced domestically.

2. The government and industry community must look for trading partners from other countries as an alternative when the rupiah exchange rate against the dollar is weak.

REFERENCES Agustina & Reny (2014, October). Pengaruh Ekspor, Impor, Nilai Tukar Rupiah dan Tingkat Inflasi

Terhadap Cadangan Devisa Indonesia. Jurnal Wira Ekonomi Mikroskil. Vol 4 No. 02, hal: 61-70.

Hidayat, Dayat & Ari Usman Efendi. (2015, January). Analysis Effect of Inflastion Rates, Interesr Rates, Export and Imports to Value of Currency Exchange Rate of Rupiah Against United States Dollars 1998-2012. Jurnal Akuntansi. Vol. 1 No. 2. ISSN: 2339-2436. hal: 31-43.

Mustika, Candra, Etik Umiyati & Erni Achmad. (2015). Analisis Pengaruh Ekspor Neto Terhadap Nilai Tukar Rupiah Terhadap Dolar Amerika Serikat dan Pertumbuhan Ekonomi di Indonesia. Jurnal Paradigma Ekonomika. Vol 10 No. 2, Oktober 2013, hal: 292-301.

Suharyono, Afni Amantagama Nagari. (2017). Pengaruh Tingkat Inflasi Nilai Tukar Terhadap Ekspor Tekstil dan Produk Tekstil Indonesia (Studi Pada Tahun 2010-2016). Jurnal Administrasi Bisnis. Vol. 53 No. 1, Desember 2017, hal: 202-210.

Zainuri, Nurul Azizah & Sebastiana Viphindrartin. (2017). Pengaruh JUB, Suku Bunga, Inflasi, Ekspor dan Impor Terhadap Nilai Tukar Rupiah atas Dolar Amerika Serikat. E-Journal Ekonomi Bisnis dan Akuntansi. Vol. 4 No. 1, hal: 97-103.



AUTHORS PROFILE

Desti Dirnaeni., SE, MM. Is a lecturer of the faculty of Economic Science Department of Management Gunadarma University, Jakarta. She has completed a

Education from Department of Magister Management. Corresponding author: [email protected].

Christera Kuswahyu Indira., SE, MM. Is a lecturer of the faculty of Economic Science Department of Management Gunadarma University, Jakarta. She has compand Magister Education from Department of Magister Management. Corresponding author: [email protected]

Irfan Ardiansyah., SE, MM. Is a lecturer of the faculty of Economic Science Department of Management Gunadarma University, Jakarta. He has completed a

University and Magister Education from Department of Magister Management. Corresponding author: [email protected].

mailto:[email protected]:[email protected]:[email protected].

http://seminar.gunadarma.ac.id/ugefic2018

PAMA
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