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PENGARUH PENYINGKAPAN KEBERLANJUTAN TERHADAP PENGEMBALIAN SAHAM PADA BANK UMUM DI INDONESIA Azman Ghalib Ibrahim; Atika Irawan
Jurnal Cahaya Mandalika ISSN 2721-4796 (online) Vol. 4 No. 3 (2023)
Publisher : Institut Penelitian Dan Pengambangan Mandalika Indonesia (IP2MI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36312/jcm.v4i3.1912

Abstract

Every company shared one same goal which is to maximize the shareholder’s wealth. In order to do that, companies have several options such as increasing their profit, increase the company’s value, and do sustainability initiative. The sustainability option has gained more attention from the public recently. However, studies show different results about the effect of the sustainability initiative in increasing the shareholder’s wealth in different industries. In determining the shareholder’s wealth, several studies use different proxy such as stock price, stock return, and company performance. While in this research, stock returns will be used because it shows how the stock price perform in a period of time. This research aimed to determine the effect of the sustainability in the banking industry because bank is considered as one of the most important industries in a country. To analyze it, a panel data regression was done using STATA 17.0 with 13 commercial banks in Indonesia from 2017-2022 as the sample. The results shows that only the social aspect that has a positive effect on the stock return of banks and for the economic and environmental aspects does not have any effect on the stock return of banks. This indicates that banks can maximize their shareholders’ wealth by paying more attention on the social aspect of sustainability.
Financial Feasibility of Business on Toy Startup: A Case Study of Cody Kit Jagatpati, Thomas Aquinas Ardi; Irawan, Atika
Proceedings International Conference on Education Innovation and Social Science 2023: Proceedings International Conference on Education Innovation and Social Science
Publisher : Universitas Muhammadiyah Surakarta

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Abstract

Coding and computer science has been a hot topic lately, and according to OECD estimates, approximately 10 billion jobs around the world are likely to be transformed by technology in the next decade. Coding and computer science are nominated as the essence of our future, as we are slowly arriving to an era where technology is a daily part of most of our lives. In spite of that, 825 million children worldwide are still not learning the skill they essentially need, including computer science. Cody Kit is a startup company who will become the answer to the problems. Cody Kit is a startup company which innovates a coding-based learning toy that integrates physical products with programming systems based on visual block games. The kit is concepted as an educational product that applied a step-by-step and coding-based learning method. However, Cody Kit hasn't done a financial feasibility study. The purpose of this research is to conduct a financial feasibility study for the development of Cody Kit where it uses a quantitative approach with company data as primary data and similar company data as secondary data. The financial feasibility will be analyzed by calculating the payback period, net present value (NPV), and the internal rate of return (IRR) then the risk will be assessed using scenario analysis. The results show that Cody Kit is financially feasible with a payback period of 2.821 years, with NPV of Rp21,175,355, and an IRR of 16.05% which is far greater than the WACC, which is 9.29%.
Understanding an Excellence Financial Strategy using Feasibility Study Towards FNB Startup: A Case Study of SYFO Wijayanto, Kevin Nurizky; Irawan, Atika
Proceedings International Conference on Education Innovation and Social Science 2023: Proceedings International Conference on Education Innovation and Social Science
Publisher : Universitas Muhammadiyah Surakarta

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Abstract

SYFO is an emerging company in the food and beverage sector that offers households and career women throughout Indonesia with SYFOin, a ready-to-cook product that simplifies their daily culinary activities. Prior to implementing a go-to-market strategy, a financial feasibility study was necessary. This study employed quantitative methodology, acquiring primary data from SYFOin and secondary data from industry peers. This investigation's feasibility study was evaluated employing Payback Period, Net Present Value (NPV), and Internal Rate of Return (IRR), along with scenario evaluation, in order to assess and reduce the business's financial risks. The SYFO feasibility analysis consisted of three scenarios: the most probable, the pessimistic, and the optimistic. The findings of the financial feasibility analyze indicate that SYFO is financially viable as a FnB startup company with a payback period of 2.54 years achieved before the end of the project life (5 years), with a favorable total NPV of IDR 892,696,221 and an IRR value of 42.06%, which is greater than the pessimistic and optimistic scenarios.
The Application of Discounted Cash Flow Valuation Method Towards Adaptive Fashion Company in Indonesia Maulana, Rizki Firman; Irawan, Atika
Proceedings International Conference on Education Innovation and Social Science 2023: Proceedings International Conference on Education Innovation and Social Science
Publisher : Universitas Muhammadiyah Surakarta

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Abstract

People with disabilities (PWDs) often experience difficulties in carrying goods, moreover there are issues related to inclusiveness in the field of fashion which may limit their space for expression in this field. For this reason, a startup company called Beyond is here to address this issue by providing fashionable adaptive bags for wheelchair users in Indonesia. With the booming trend for local businesses and the high rate of habitual buying of goods and accessories owned by Indonesians, Beyond has a huge opportunity in the market. However, this company does not yet know the valuation even though this is very necessary to increase capital for Beyond's business continuity. As a result of this research, the valuation of Beyond is measurable, namely IDR 510,736,887 equivalent to 1021.47% of the initial investment value.