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Implikasi Value Added Intellectual Capital Terhadap Financial Company’s Performance Ekadjaja, Margarita; Ekadjaja, Agustin; Siswanto, Halim Putera
Manajemen Bisnis Kompetensi VOL. 14 NO. 01 JANUARI - JUNI 2019
Publisher : Manajemen Bisnis Kompetensi

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Abstract

Economic developments are increasingly complex, raising issues in research in the field of intellectual capital. The company’s ability to be competent in competition does not only lead to ownership of real assets but rather leads to new discoveries in managing the organization and human resources of the company. This study analyzes intellectual capital (as an independent variable) and financial company’s performance (as the dependent variable, namely Return On Assets, Return On Equity and Asset Turnover), on banking companies listed on the Indonesia Stock Exchange for 3 years (2015-2017). The differentiator of this research with previous research is the addition of measuring the ratio of company activity in evaluating company performance. The subject of banking companies is because the banking industry is one of the most intensive sectors of intellectual capital. The purpose of this study was to analyze the implications of value added intellectual capital on a company’s financial performance as measured by Return on Assets, Return on Equity, and Assset Turnover. After knowing the variables of value added intellectual capital that have implications for the company’s financial performance, it can be used as a basis for the company in an effort to increase the value of the firm. Based on partial testing, Value Added of Intellectual Capital has a significant positive effect on Return on Assets and Return on Equity, but a negative and not significant effect on Asset Turnover.Keywords: Intellectual Capital, Return On Asset, Return On Equity, Asset Turnover
Eksistensi gosip di media sosial dalam menentukan return saham di bursa efek indonesia dan persistensi pengaruhnya bersama hari bursa Widoatmodjo, Sawidji; Siswanto, Halim Putera
Jurnal Ekonomi Vol 22, No 2 (2017): July 2017
Publisher : Fakultas Ekonom dan Bisnis, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/je.v22i2.223

Abstract

It isn’t easy to define whether a stock return is determined by a certain factor or trading days. There were many research evidence that some factors had influenced stock return. There were also, however, many researches on stock return anomaly providing the facts that stock return, especially their abnormal returns, were caused by specific trading days, such as week-day effect, January effect, and many others. This research attempts to explore this logic. We tested the impact of gossips that spreaded-out through social media, as a certain factor, and all trading days in a week to a stock return. We used the gossips in social media as response of the massive use of the internet in stock investment. The existence of the gossips is more strengthened by the existence of noise traders. Nowadays, noise traders use the internet, such as mailing list, message board, facebook, and others, that are called as social media, as a media to spread gossips. This research investigates whether gossips spreaded through mailing list have a role in mispricing, so then it can be used to determine the stock return. If they have the role, then how long is the persistence? To anticipate the impact of trading days, this research also includes trading days as a control variable. Using multivariate statistical technique and combined with event study with five windows (five days before and after a gossip has been posted), this research analyzes the stock return that gets the most gossips posted by investors. The result suggests that the gossips in social media don’t show significant influence on the stock return, and automatically no persistence exists. Based on that result, the conclusion is that the gossips in social media can’t be used to determine the stock return. The implication is that even social media can facilitate the stock transaction better, the investors in Indonesia Stock Exchange can’t exploit the gossips in social media for taking profit through behaving as noise traders.
PRODUK PERUSAHAAN PEMBIAYAAN DAN TEKNIK PENCATATAN SECARA AKUNTANSI SEBAGAI PENDUKUNG AKTIVITAS USAHA Siswanto, Halim Putera; Ekadjaja, Margarita; Henny, Henny; Ekadjaja, Agustin
Jurnal Bakti Masyarakat Indonesia Vol 2, No 1 (2019): Jurnal Bakti Masyarakat Indonesia
Publisher : Lembaga Penelitian dan Pengabdian kepada Masyarakat, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (478.915 KB) | DOI: 10.24912/jbmi.v2i1.4310

Abstract

Menjadi wirausahawan (entrepreneur) adalah pilihan yang menantang, karena selain dibutuhkan soft skill untuk melaksanakan kegiatan usahaanya juga diperlukan dana yang cukup untuk membiayai kegiatan usahanya. Suatu kondisi keuangan yang sehat dapat dicapai jika seseorang sudah mengetahui dengan jelas tujuan yang akan dicapai dan mampu mengelola sumber daya keuangannya secara tepat guna mencapai tujuan dimaksud. Selama tujuan penggunaan dari barang atau jasa tersebut merupakan suatu kebutuhan untuk tujuan produktif, maka meminjam dari sumber dana lain seperti perusahaan pembiayaan adalah keputusan yang dapat dibenarkan. Masih terdapat banyak pengusaha Usaha Mikro Kecil Menengah (UMKM) di Indonesia yang memiliki ide-ide usaha kreatif namun belum mendapatkan akses layanan dari jasa pembiayaan yang ada. Hal ini disebabkan karena minimnya pengetahuan mereka tentang perusahaan pembiayaan, analisis kredit, dan teknik pencatatan secara akuntansi. Hal ini yang mendorong perlu dilakukannya program Pengabdian Kepada Masyarakat (PKM). Program PKM ini berupa pelatihan kepada perusahaan Multi Global Electrindo, dikarenakan perusahaan tersebut merupakan perusahaan perseorangan dengan jumlah karyawan yang masih relatif sedikit dan masih memerlukan dana besar. Program PKM ini didanai oleh Direktorat Penelitian Pengabdian Masyarakat Universitas Tarumanagara (DPPM UNTAR). Tujuan pelaksanaan kegiatan PKM ini adalah dapat menghasilkan kontribusi positif bagi entrepreneur dalam hal peningkatan pemahaman mengenai literasi keuangan dan juga sebagai pemicu kegiatan-kegiatan PKM lanjutan untuk membantu program pemerintah dalam hal pengenalan literasi keuangan melalui Universitas Tarumanagara yang mendanai kegiatan ini
THE ANTECEDENTS OF COFFEE SHOP CUSTOMERS’ SATISFACTION (A CASE STUDY ON ‘KOPI KENANGAN’ OUTLET IN WEST JAKARTA, INDONESIA) Ruslim, Tommy Setiawan; Sukaman, John Victorino; Siswanto, Halim Putera; Saktiana, Galuh Mira
International Journal of Application on Economics and Business Vol. 2 No. 2 (2024): May 2024
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v2i2.3772-3779

Abstract

A phenomenon of the popular and rapid development in coffee shops in Indonesia has driven an increasingly fierce competition among business actors in this industry. The purpose of this research was to examine the effects of coffee quality, service quality, and perceived price on the satisfaction of ‘Kopi Kenangan’ customers in West Jakarta, Indonesia. The samples of this study were 302 customers of ‘Kopi Kenangan’ outlet at Citraland Mall in West Jakarta. Data was processed in this study using SmartPLS version 3.2.9. As the results of this research, coffee quality, service quality, and perceived price partially has a positive and significant effect on the satisfaction of ‘Kopi Kenangan’ customers at Citraland Mall outlet in West Jakarta. This finding can be expected to help business owners in formulating the ideal marketing strategies in the future.
Pengaruh Modal Kerja Terhadap Profitabilitas pada Emiten Saham Manufaktur di Bursa Efek Indonesia Periode 2020-2022 Tandean, Charles; Siswanto, Halim Putera
Jurnal Sosial Teknologi Vol. 5 No. 5 (2025): Jurnal Sosial dan Teknologi
Publisher : CV. Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/jurnalsostech.v5i5.32121

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh Siklus Konversi Kas, Likuiditas, dan Perputaran Modal Kerja terhadap Profitabilitas pada emiten saham manufaktur yang tercatat di Bursa Efek Indonesia, dengan menggunakan teknik purposive sampling. Sampel yang dipilih adalah sebanyak 20 emiten di sektor manufaktur, yang kemudian diolah dengan menggunakan aplikasi EViews 13. Variabel dependen dalam penelitian ini adalah Profitabilitas (yang diproksikan dengan Pengembalian atas Aset), dan variabel independen berupa Siklus Konversi Kas, Likuiditas (yang diproksikan dengan Rasio Lancar), dan Perputaran Modal Kerja. Penelitian ini dilakukan dengan menggunakan metode analisis regresi linier berganda. Hasil penelitian menunjukkan bahwa ketiga variabel tersebut secara simultan berpengaruh signifikan terhadap profitabilitas emiten sektor manufaktur selama periode 2020-2022. Implikasi dari hasil penelitian ini adalah bahwa manajemen perusahaan manufaktur perlu mengoptimalkan pengelolaan modal kerja, khususnya dalam meningkatkan perputaran modal kerja, untuk meningkatkan profitabilitas perusahaan. Selain itu, hasil ini dapat menjadi bahan pertimbangan bagi investor dalam menilai kinerja keuangan perusahaan manufaktur di pasar modal Indonesia.
THE EFFECT OF WORKING CAPITAL MANAGEMENT ON COMPANY FINANCIAL PERFORMANCE Rorlen, Rorlen; Siswanto, Halim Putera; Ekadjaja, Margarita; Krisnaputra, Ariel
International Journal of Application on Economics and Business Vol. 1 No. 2 (2023): May 2023
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v1i2.557-565

Abstract

The purpose of this study is to determine the effect of the company's efforts to manage working capital in improving the company financial performance. One way to operate the company's working capital properly, is by implementing the cash conversion cycle. Cash conversion cycle is a cycle of cash flow in the company which is measured by using the ratios of the Average Collection Period, Inventory Turnover, and Average Payment Period, and indirectly has an influence on the profitability of the company. The research subjects are retail companies listed on Indonesia Stock Exchange (IDX) between 2017-2020. Using double regression analysis with the EViews application, the result was obtained that the Average Collection Period (ACP) has a positive but not significant effect on financial performance. Different results were obtained from the variables of Average Payment Period (APP) and Inventory Collection Period (ICP), in which each of them has a significant and negative effect on financial performance of the company.
DETERMINANTS OF UNDERPRICED INITIAL STOCK: A STUDY ON THE INDONESIA STOCK EXCHANGE Ekadjaja, Margarita; Rorlen , Rorlen; Siswanto, Halim Putera
International Journal of Application on Economics and Business Vol. 1 No. 4 (2023): November 2023
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v1i4.2064-2074

Abstract

In the company, the issuer also wants profit, so expect a high initial price. However, on the part of the underwriters on the contrary, they expect a low initial price because they are bound by the full commitment stock guarantee system that applies in Indonesia. This difference in interests causes the issuer to compromise a bit by setting a lower initial share price so that investors are interested in buying the launched initial shares. As a result, when conducting an initial public offering, the company has difficulty in determining the price because there is no reference so that there is a potential for underpriced shares to occur. This study to analyze the factors that influence the level of undepriced, which is focused on age, return on total assets, financial leverage and firm size. First, the test will be carried out partially with a t-test to test the effect of each factor on the level of underpriced initial shares. Furthermore, the test will be carried out simultaneously with the F-test, namely to test the effect of the four factors together on the level of underpriced initial shares. The population in this study are companies that offer their initial shares on the Indonesia Stock Exchange and have underpricing stock values. The results show that company age has a positive effect on underpriced initial shares, while the return on total assets, financial leverage and firm size variables get the opposite result.
THE EFFECTS OF WORK FROM HOME AND FLEXIBLE WORKING ARRANGEMENT ON EMPLOYEE PERFORMANCE DURING COVID-19 PANDEMIC Arifin, Agus Zainul; Siswanto, Halim Putera; Kurniawan, Vincentius Kevin; Kristian, Michelle
International Journal of Application on Economics and Business Vol. 1 No. 4 (2023): November 2023
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v1i4.2107-2122

Abstract

The purpose of this study was to analyze the effects Work from Home (WFH) and Flexible Working Arrangement (FWA), with Work Motivation (MOT) moderation, on Employee Performance (EP). The research is quantitative research. The type of research used based on the research objective is explanatory research. The data analysis technique in this study used Partial Least Square (PLS). This study uses the two-factor theory of Frederick Herzberg. The results obtained that Work from Home has a positive and significant effect on Employee Performance. Work from Home has a positive and significant effect on Work Motivation. Flexible Working Arrangement has a positive and significant effect on Work Motivation. Flexible Working Arrangement has a positive and significant effect on Employee Performance. Work Motivation has a positive and significant effect on Employee Performance. Work from Home, with Work Motivation intervention, does not have a positive and significant effect on Employee Performance. Meanwhile, Flexible Working Arrangement with Work Motivation intervention, also does not have a positive and significant effect on Employee Performance. Flexible working arrangements can be selected by employees based on different work schedules to meet personal or family needs. Companies can adjust work as the new normal for employees who are still working from home to return to full-time work on a hybrid basis. It is important for companies to understand and develop work from home and flexible working arrangements to encourage productive behavior and prevent unproductive behavior considering the role of work motivation in influencing performance.
DETERMINANTS OF TAX SUBJECTS’ INTENTION TO PARTICIPATE IN THE VOLUNTARY DISCLOSURE PROGRAM Yuniarwati, Yuniarwati; Siswanto, Halim Putera; Weruin, Urbanus Ura
International Journal of Application on Economics and Business Vol. 2 No. 1 (2024): February 2024
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v2i1.2936-2948

Abstract

The Voluntary Disclosure Program (PPS) is an opportunity for taxpayers to report/disclose tax obligations that have not been fulfilled voluntarily through payment of PPh based on asset disclosure. This program is expected to increase voluntary taxpayer compliance and is carried out based on the principles of simplicity, legal certainty and expediency. There are many factors that influence an individual taxpayer's intention to participate in PPS. Therefore, this research aims to examine the influence of tax sanctions, subjective norms and tax administration on individual taxpayers' intentions to participate in PPS. The population in this study is individual taxpayers who live in Tangerang City and the sample was chosen randomly among individual taxpayers who were willing to fill out the questionnaire. After calculations, there were 105 individual taxpayers participating in this research. The data was then analyzed using multiple linear regression using the SPSS version 25 software program. The results of data analysis showed that the first and third hypotheses were accepted, while the second hypothesis was rejected. Thus, tax sanctions and tax administration have a significant effect on individual taxpayers' intentions to participate in PPS, whereas this is not the case with subjective norms.
FACTORS INFLUENCING GOING CONCERN AUDIT OPINION AMONG BASIC MATERIALS COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE (IDX) DURING THE PERIOD OF 2019-2021 Kristian, Michelle; Tanusdjaja, Hendang; Catherine , Catherine; Siswanto, Halim Putera
International Journal of Application on Economics and Business Vol. 2 No. 1 (2024): February 2024
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v2i1.3126-3140

Abstract

The purpose of this research is to obtain empirical evidence about the effects of profitability, liquidity, solvency, and firm size on going concern audit opinion in basic materials companies listed on the Indonesia Stock Exchange (IDX) for the 2019-2021 period. This research uses firm age as control variable. This research uses 49 samples and 147 data from basic materials companies selected by the purposive sampling method. Data processing techniques uses logistic regression analysis and processed using SPSS version 26. The result of this research indicate that profitability has a negative and significant effect on going concern audit opinion, solvency has a positive and significant effect on going concern audit opinion, liquidity and firm size have no significant effect on going concern audit opinion.