Effect of Loss on Exchange on Net Income State-Owned Enterprises in Indonesia

Abstract

The study was conducted to determine the effect of loss on the exchange of net income by using mediating variables in the form of economic activity and the operationalization of companies related to globalization in the context of an open economy, either partially or simultaneously. This study uses a quantitative descriptive approach, with the population being state-owned enterprises listed on the capital market in 2021 and on the Indonesia Stock Exchange for 2018-2021. The sampling technique used Probability Sample with a purposive sampling method. Also, the sampling obtained sample data from 10 companies and 10 data samples due to the limited number of state-owned enterprises in the capital market. Data analysis using SmartPLS4 software with research results that the variable loss on exchange and economic activities and the operations of companies related to global in the context of an open economy affect the net income of state-owned enterprises in the capital market registered in 2021, which are listed in Indonesia Stock Exchange for the period 2018-2021. Thus, H₁, H₂, and H₃ are accepted, which means that there is a significant influence between loss on exchange and economic activity and the operations of companies related to global business in the context of an open economy with net income.