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ANALISIS RISIKO PERUSAHAAN INFRASTRUKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA MENGGUNAKAN VALUE AT RISK (VaR) Sujatmiko, Ibnu; Thamrin, Hakiman
Indikator: Jurnal Ilmiah Manajemen dan Bisnis Vol 2, No 3 (2018)
Publisher : Universitas Mercu Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22441/indikator.v2i3.3288

Penelitian ini meneliti tentang analisis return saham terhadap risiko investor menggunakan Value at Risk (VaR) menggunakan volatilitas yang diukur tidak hanya dengan simple standard deviation namun juga dengan model EWMA dan ARCH/GARCH. Model EWMA dan ARCH/GARCH digunakan karena data return dari indeks bursa saham cenderung bersifat heteroskedasitas. Khusus untuk model ARCH/GARCH, dalam penelitian ini juga digunakan salah satu variannya yaitu IGARCH. Uji Validitas dilaukan dengan metode backtesting untuk nilai VaR dibandingkan dengan actual loss dari 2 Januari 2014 sampai 29 Desember 2017. Hasil penelitian ini menunjukkan bahwa hanya ada dua model yang valid yaitu simple standard deviation dan ARCH/GARCH yang memberikan nilai Actual Loss lebih kecil dari VaR. Untuk Model EWMA dinyatakan tidak valid.

ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI KINERJA KEUANGAN PADA BANK BUKU 4 PERIODE TAHUN 2012-2016 Maudhita, Alista; Thamrin, Hakiman
Indikator: Jurnal Ilmiah Manajemen dan Bisnis Vol 2, No 2 (2018)
Publisher : Universitas Mercu Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22441/indikator.v2i2.3271

Penelitian ini bertujuan menguji dan menganalisis pengaruh rasio keuangan Capital Adequacy Ratio (CAR), Non Performing Loans (NPL), Net Interest Margin (NIM), Beban Operasional dan Pendapatan Operasional (BOPO), dan Loan to Deposit Ratio (LDR) terhadap kinerja bank yang diukur dengan rasio profitabilitas yaitu Return on Asset (ROA). Obyek penelitian adalah seluruh bank BUKU 4 yang tersedia data laporan keuangan triwulannya di Otoritas Jasa Keuangan (OJK) dalam kurun waktu penelitian yaitu Maret 2012 sampai dengan Desember 2016. Metode sampling yang digunakan adalah sampling jenuh, yaitu semua anggota populasi dijadikan sebagai sampel. Jumlah sampel adalah 4 bank. Metode analisis yang digunakan dalam penelitian ini adalah regresi data panel. Model yang digunakan adalah Fixed Effect. Uji asumsi klasik yang digunakan adalah uji autokorelasi, uji multikolinearitas, dan uji heteroskedastisitas. Dari hasil uji F didapat nilai F hitung atau prob (F-statistic) sebesar 0,000 untuk ROA. Hal ini berarti nilai F hitung kurang dari 0,05 yang menunjukkan bahwa variabel CAR, NPL, NIM, BOPO dan LDR secara bersama-sama mempunyai pengaruh signifikan terhadap ROA. Berdasarkan uji t disimpulkan bahwa CAR tidak berpengaruh terhadap ROA, sedangkan NPL, BOPO dan LDR secara parsial berpengaruh negatif signifikan terhadap ROA dan NIM berpengaruh positif signifikan terhadap ROA.

THE QUALITY OF IT PROJECT MANAGEMENT: THE BUSINESS PROCESS AND THE GO PROJECT LEAN APPLICATION Dewi Nusraningrum; Jaswati Jaswati; Hakiman Thamrin
Manajemen Bisnis Vol. 10 No. 1 (2020): April
Publisher : Universitas muhammadiyah malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jmb.v10i1.10808

This study is analyzing dominant aspects that affect the quality of software-based project development from the point of view of project management. The purpose of this study is to determine the effect of the business process and Go Project Lean (GPL) application on the quality of information technology project management. The research using a quantitative approach by conducting a survey as the research technique. Questionnaires were using the Likert Scale and developed based on the indicators of variables. The population of this study is the users of the GPL application which are the Sales Division, Project Management Office Division, and Application Development Division of PT. Infomedia Nusantara. Data were analyzed using multiple linear regression method and the hypothesis tested using the T-test. The results showed that the influence of business process and GPL Application is very strong and significant to the quality of IT project management. The implication of these findings caused by one of the dimensions which are no investment feasibility analysis calculation application that affects on-time delivery.

The Influence of Corporate Governance on Potential Financial Distress on Transportation Companies listed on the Indonesia Stock Exchange for the period 2013-2017 Elisabeth Juliana Lelu; Hakiman Thamrin
Journal of Social Science Vol. 2 No. 1 (2021): Journal of Social Science
Publisher : Syntax Corporation Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46799/jss.v2i1.83

This study aims to empirically examine the effect of characteristics corporate governance (managerial ownership, institutional ownership, board of commissioners, independent commissioners, board of commissioners, audit committee) on financial distress. This study uses data collection methods using the method of library research. In this study the type of secondary data used is in the form of financial statements from transportation companies listed on the Indonesia Stock Exchange in the period 2013-2017. Research data is data that is presented in time series. Data analysis was performed through descriptive statistical tests, followed by testing the feasibility of the regression model, testing the overall Fit Test model, the coefficient of determination test, and the classification matrix. Logistic regression analysis is used because the dependent variable used in this study is a dummy variable, which is a company with the possibility of financial distress. The results of this study indicate that: Managerial ownership has a significant effect on financial distress, Institutional ownership is proven to have a significant influence on financial distress, the Board of Commissioners is proven to have a significant influence on financial distress, independent commissioners is proven to have a significant influence on financial distress, The board of directors is proven to have a significant influence on financial distress and the Audit Committee is proven to have a significant effect on financial distress

Analysis of The Influence of Exchange, Inflation, Gross Domestic Product, Interest Rate, and The Amount of Money Circulation On The LQ45 Index In The Indonesia Stock Exchange Between 2016-2020 Abdul Rahman Nurmansyah; Hakiman Thamrin
Jurnal Syntax Admiration Vol. 3 No. 1 (2022): Jurnal Syntax Admiration
Publisher : Ridwan Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46799/jsa.v3i1.380

The objective of this research was to analyze the short and the long-run relationship between five macroeconomics variables such as exchange rate, inflation, Gross Domestic Product (GDP), SBI rate, and money supply to examine their influence on the LQ45 stock price index. The data sample used in this study is monthly time series data from January 2016 to December 2020. This study used Vector Error Correction Model to analyze the problem. The result shows that in the short run (1 month ago), exchange rate, inflation, Gross Domestic Product (GDP), SBI rate, and money supply do not influence the LQ45 stock price index. In the long run, the exchange rate has positive inflation, SBI rate, and money supply negatively influence the LQ45 stock price index. Therefore, Gross Domestic Product (GDP) does not influence the LQ45 stock price index. The results of the Impulse Response Function and Variance Decomposition, SBI rate, is a variable that provides the most significant contribution to the LQ45 stock price index

Pre & Post Merger Financial Analysis In PT Perusahaan Gas Negara Tbk and PT Pertamina Gas Fitria Fitria; Hakiman Thamrin
Agregat: Jurnal Ekonomi dan Bisnis Vol. 6 No. 1 (2022)
Publisher : Universitas Muhammadiyah Prof. DR HAMKA.

Show Abstract | Download Original | Original Source | Check in Google Scholar

This study obtain financial performance differences of PT Perusahaan Gas Negara and PT Pertamina Gas before and after the merger in April 2018. Authors use state-owned companies in the Energy and Oil and Gas sector as population. The sampling technique was carried out using purposive sampling with the criteria for merging until 2019. SOE Financial Health Assessment method by KEPMENBUMN NO 100 and Pre-test & Post- tests using nine indicators : ROI, ROE, Cash Ratio, Current Ratio, TATO, TETA, Collection Period, Inventory Turn Over, and EVA. By using data two years before the merger (2016) until two years after the merger (2020), the results shows ROE changed after merger process, other indicators show variation results.

Analysis of Financial Performance Towards Firm Value (Case Study at Building Construction Sub Sectors on IDX During Period of 2012-2018) Henry Broto Seno; Hakiman Thamrin
Journal of Accounting and Finance Management Vol. 1 No. 4 (2020): Journal of Accounting and Finance Management (September-October 2020)
Publisher : DINASTI RESEARCH

These research aims to find out those impact from capital structure, profitability, liquidity, activity and company size on firm value. The population in this research were building construction sub-sector companies which registered in Indonesia Stock Exchange during period 2012 till 2018. The samples were determined by purposive sampling technique. These data analysis method used was panel data regression analysis. The selected mode used Fixed Effect Model. The results showed that capital structure, profitability, liquidity, activity and company size simultaneously had an impact on company value. Partially it was found that capital structure and profitability had positive influence on company value, activity and company size had negative influence on company value, while liquidity had none impact towards company value. The most influential variable was profitability with coefficient value was 43.38.

The Influence of Corporate Governance on Potential Financial Distress on Transportation Companies listed on the Indonesia Stock Exchange for the period 2013-2017 Elisabeth Juliana Lelu; Hakiman Thamrin
Journal of Social Science Vol. 2 No. 1 (2021): Journal of Social Science
Publisher : Syntax Corporation Indonesia

This study aims to empirically examine the effect of characteristics corporate governance (managerial ownership, institutional ownership, board of commissioners, independent commissioners, board of commissioners, audit committee) on financial distress. This study uses data collection methods using the method of library research. In this study the type of secondary data used is in the form of financial statements from transportation companies listed on the Indonesia Stock Exchange in the period 2013-2017. Research data is data that is presented in time series. Data analysis was performed through descriptive statistical tests, followed by testing the feasibility of the regression model, testing the overall Fit Test model, the coefficient of determination test, and the classification matrix. Logistic regression analysis is used because the dependent variable used in this study is a dummy variable, which is a company with the possibility of financial distress. The results of this study indicate that: Managerial ownership has a significant effect on financial distress, Institutional ownership is proven to have a significant influence on financial distress, the Board of Commissioners is proven to have a significant influence on financial distress, independent commissioners is proven to have a significant influence on financial distress, The board of directors is proven to have a significant influence on financial distress and the Audit Committee is proven to have a significant effect on financial distress

ANALYSIS OF EFFECT OF CAPR, DAR, ROA AND SIZE ON TAX AVOIDANCE Akbar, Adil; Hakiman Thamrin
Dinasti International Journal of Management Science Vol. 1 No. 5 (2020): Dinasti International Journal of Management Science (May - April 2020)
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31933/dijms.v1i5.285

This study aimed to identify the effect of the independent variable capital intensity (CAPR), return on assets (ROA), debt to asset ratio (DAR), and the size of the company (SIZE) on tax avoidance (CETR) as dependent variable. This study tested using multiple linear regression analysis with the SPSS 25 program with a causality and comparative approach using cross sectional data. The results of the study in 2015 showed that the capital intensity and debt to asset ratio does not affect on tax avoidance, while return on assets and company size have significant negative effect on tax avoidance. In 2017, showed that the capital intensity, debt to asset ratio, and company size does not affect on tax avoidance, while return on assets has a significant negative effect on tax avoidance. Hypothesis testing results indicate that the independent variables simultaneously in 2015 and 2017 affect the dependent variable.

MODEL OF BANKRUPTCY PREDICTION SERVICES COMPANY SECTOR RETAIL IN INDONESIA STOCK EXCHANGE (Study Case Period 2015 - 2017) Indriani, Rina; Hakiman Thamrin
Dinasti International Journal of Digital Business Management Vol. 1 No. 2 (2020): Dinasti International Journal of Digital Business Management (February - March
Publisher : Dinasti Publisher

This study aims to identify the dominant causes in forming a bankruptcy prediction model of retail trade service companies listed on the Indonesia Stock Exchange in the 2015-2017 period. The 2015-2017 observation period with a sample of 20 companies met the criteria as a sample. This research variable is divided into 2 namely dependent and independent variables. The dependent variable in this study is categorical data which is divided into two categories: unhealthy companies symbolized by the number 0 and healthy companies category symbolized by the number 1. The independent variables in this study are 20 financial ratios, among others, Current Ratio, Quick Ratio, Cash Ratio , Working Capital to Total Assets, Debt to Asset Ratio, Debt to Equity Ratio, Time Interest Earned, Working Capital Turn Over, Fixed Asset Turn Over, Receivable Turn Over, Total Asset Turn Over, Inventory Turn Over, Cash Turn Over, Cash Profit Margin, Operating Profit Margin, Gross Profit Margin, Return On Equity, Return On Assets, Return On Investment, Earning Per Share. The analytical method used is discriminant analysis. Discriminant Test Results using the stepwise method can be obtained variables that are selected as discriminator variables, namely the variable Debt to Equity Ratio, Return On Equity, and Earning Per Share to form discriminant functions as follows: R = - 3,197 + 0.292 Debt to Equity Ratio + 0.342 Return On Equity + 0.336 Earning Per Share The cut-off value in this study is 0 with a 75% prediction accuracy in unhealthy service companies and 73.3% in healthy service companies with an accuracy rate of 76.7% in retail trade service companies.

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