Title:
THE TRINITY OF CENTRAL BANK POLICIES AND THE COMPETITIVE POSITION OF EXPORT COMPANIES IN INDONESIA

Authors:
Bunyamin, Hanif Mauludin, Muchammad, Indonesia

Abstract:

The research objective is to examine the impact of the trinity of central bank policies on the company's internal, investment growth, and competitiveness of the company. The objects observed were export companies listed on the Indonesia Stock Exchange for the period 2016 to 2018. The sample was determined by purposive sampling and obtained 59 companies that matched the sample criteria. Data analysis method using WarpPLS. The result of the research notes that the rupiah exchange rate does not affect investment policy and sales growth. The inflation rate has no effect on investment policy but has a significant positive effect on sales growth. The interest rate has a significant negative effect on investment policy but has no effect on sales growth. Sales growth has a significant positive effect on investment policy. Investment policy has a significant positive effect on company competitiveness. The novelty of this research is a comprehensive review of the impact of external factors on the company's internal and competitiveness of the company. We also offer a measure of competitiveness based on ROI which is classified into five criteria.