Garuda - Garba Rujukan Digital

Supply Chain Strategy for Assessing the Stock Prices of Property Sector Companies in Indonesia Stock Exchange Sinurat, Mangasi; Erlina, Erlina; Daulay, Murni; Saputra, Jumadil; Sadalia, Isfenti; Nur Ilham, Rico
International Journal of Supply Chain Management Vol 9, No 4 (2020): International Journal of Supply Chain Management (IJSCM)
Publisher : International Journal of Supply Chain Management

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The global crisis in 2008 has a tremendous impact on Indonesian economic stability. It ultimately led to increases in asset prices including property. It drives investors to invest in property companies namely stock. Thus, this study aims to examine the effect of Economic Value Added, Return on Equity, and Earnings per Share toward Stock Price. Also, the role of Price Earnings Ratio as a Moderating Variable in the relationship among variables studied. The secondary data obtained from annual reports, financial statements. The data source is the property sector companies issued on the Indonesia Stock Exchange. There are 30 companies involved in this study. The data analyzed by using the multiple linear regression analysis and moderating test applied the residual method. The results of this study indicate that partially Economic Value Added has a positive and significant effect on stock prices, Return on Equity has a negative and significant effect on stock prices, and Earning per Share has a positive and significant effect on stock prices. Variable Price Earnings Ratio does not moderate the relationship of Economic Value Added, Return on Equity and Earnings per Share to stock prices both partially and simultaneously.

Analisis Potensi dan Risiko Investasi pada Instrumen Keuangan dan Aset Digital Cryptocurrency di Indonesia Jufridar, Jufridar; Ilham, Rico Nur; Sinurat, Mangasi
Jurnal EMT KITA Vol 5, No 1 (2021): Journal EMT KITA
Publisher : Lembaga KITA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35870/emt.v5i1.425

Cryptocurrency or virtual currency is a form of investment that has developed since 2010. Today, there are more than 2,000 types of crypto currencies worldwide. Cryptocurrency research in Indonesia is still focused on the legal status and legal status of cryptocurrency investments. This quantitative descriptive study aims to describe the returns and risks of investing in crypto currencies. Descriptive analysis by calculating risk measures and using the heteroscedastic model GARCH (1,1) was carried out on the return data of 15 crypto currencies that had the greatest value. Information was obtained that investing in most crypto currencies resulted in higher returns than investing in foreign currencies or the stock market. On the other hand, Crypto currencies have a higher risk of loss and volatility clustering or heteroscedasticity. Further research is needed to uncover the characteristics of Crypto currency returns and their performance in the form of a portfolio.

The Debt Policy and Performance of State-Owned Companies in Indonesia Sinurat, Mangasi; Ilham, Rico Nur; Sinta, Irada; Ahmad, Shabir
Jurnal Manajemen Bisnis Vol 15, No 1: March 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/mb.v15i1.20285

Research Aims: This research aims to explore the factors influencing debt policy in "red-license plate" companies in Indonesia from 2010 to 2020. Design/Methodology/Approach: The research method used is empirical studies to achieve the study's objectives.Research Findings: The first analysis result showed that their debt policy was significantly determined by collateral value of assets, profitability, company size, business risk, liquidity. However, those factors partly clarified the policies, whereas other factors outside the observation defined the rest. The result of the second analysis meanwhile showed that the debt policy has significant negative impact on the company performance both long-term and short-term period.Theoretical Contribution/Originality: Several research strategies that may be useful in this respect are discussed, and a typology of constructs is proposed on the basis of this analysis is Short term debt policy, Long term debt policy, and The thermal design power are as latent variables; the collateral value of assets, Profitability, Company size, Business risk, Growth opportunity, and Liquidity are construct variables.Practitioners/Policy Implications: The first stage of analysis is intended to examine the factors influencing debt policy, both total debt policy, short term debt policy, and long-term debt.Research Limitations/Implications: Considering the limited amount of data available, this study conducts a risk assessment based on historical data only. A more complete identification of risks and vulnerabilities will include a forward-looking assessment using sensitivity analysis, scenarios, and testing of debt policies on "state-owned" companies in Indonesia from 2010 to 2020 and the impact of debt policies on the financial performance of companies during that period. We will next explain the methods used to achieve the objectives of the study. Furthermore, it further describes the results of research and discussion and winds up with conclusions and suggestions.

Investigating the Supply Chain Strategy for Stock Investment Decision Making: Theory Planned Behavior and Reasoned Action Sadalia, Isfenti; Sinurat, Mangasi; Omar, Khatijah; Susanto, Agus; Ilham, Rico Nur
International Journal of Supply Chain Management Vol 9, No 5 (2020): International Journal of Supply Chain Management (IJSCM)
Publisher : ExcelingTech

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59160/ijscm.v9i5.5443

Abstract— Stock Investment Decision involves both parties, i.e., individuals and organizations. The decision to buy or sell shares determined by attitude, subjective norms, and perceived control. However, three main factors are used to predict stock investment appropriately. In other ways, the value-added in-stock service is essential to investors. It aims to ensure the investors ease to use for gaining certainty and increase their trust in shares investment. Also, internet stock trading because it has a positive relationship with the behavioral intentions of stock investors. Also, the intention to behave requires communication interventions, including providing smart equipment, software that can do the calculation, and the availability of large data. We focus only on profit (price) with religion. This study suggests that government support through policies implemented by the government also needs to pay attention to the length of time of observation, both past, and future so that actual measurements can be made accurately.Keywords— Supply Chain Strategy, Stock Investment, Theory Reasoned Action, Planned Theory of Behavior, Investment Decision making.

The Debt Policy and Performance of State-Owned Companies in Indonesia Sinurat, Mangasi; Ilham, Rico Nur; Sinta, Irada; Ahmad, Shabir
Jurnal Manajemen Bisnis Vol. 15 No. 1: March 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/mb.v15i1.20285

Research Aims: This research aims to explore the factors influencing debt policy in "red-license plate" companies in Indonesia from 2010 to 2020. Design/Methodology/Approach: The research method used is empirical studies to achieve the study's objectives.Research Findings: The first analysis result showed that their debt policy was significantly determined by collateral value of assets, profitability, company size, business risk, liquidity. However, those factors partly clarified the policies, whereas other factors outside the observation defined the rest. The result of the second analysis meanwhile showed that the debt policy has significant negative impact on the company performance both long-term and short-term period.Theoretical Contribution/Originality: Several research strategies that may be useful in this respect are discussed, and a typology of constructs is proposed on the basis of this analysis is Short term debt policy, Long term debt policy, and The thermal design power are as latent variables; the collateral value of assets, Profitability, Company size, Business risk, Growth opportunity, and Liquidity are construct variables.Practitioners/Policy Implications: The first stage of analysis is intended to examine the factors influencing debt policy, both total debt policy, short term debt policy, and long-term debt.Research Limitations/Implications: Considering the limited amount of data available, this study conducts a risk assessment based on historical data only. A more complete identification of risks and vulnerabilities will include a forward-looking assessment using sensitivity analysis, scenarios, and testing of debt policies on "state-owned" companies in Indonesia from 2010 to 2020 and the impact of debt policies on the financial performance of companies during that period. We will next explain the methods used to achieve the objectives of the study. Furthermore, it further describes the results of research and discussion and winds up with conclusions and suggestions.

Investigating the Effects of Democratic Leadership Style and Compensation on Indonesian Civil Servants' Performance Siahaan, Rumiris; Sinurat, Mangasi; Rusmewahni, Rusmewahni; Jayanti, Suci Etri; Ilham, Rico Nur
International Journal of Business, Economics & Financial Studies Vol. 2 No. 1 (2024): May 2024
Publisher : Indonesia Academia Research Society

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62157/ijbefs.v2i1.47

Employee performance is the outcome of a process measured over a specific period on the basis of predetermined provisions or agreements. Generally, performance can be interpreted as an individual's entire work process, with results as a basis for determining whether their work is satisfactory. This study investigated the influence of democratic leadership style and compensation on employee performance at the Office Secretariat of the Regional People's Representative Council of the Serdang Bedagai Regency. The study employed a quantitative data method to determine the research focus, select informants as sources, assess data quality, analyse and interpret data, and draw conclusions from the findings. The findings reveal that work status and work environment influence employee performance. Besides that, democratic leadership style and compensation did not demonstrate a significant impact. However, when considered collectively, all four factors were found to influence employee performance. These results provide valuable insights for organisational management to understand and improve employee performance within this context.

Effect of Leadership Style and Job Satisfaction on Employee Performance: Evidence from Indonesia Honorary Staff Rusmewahni, Rusmewahni; Jayanti, Suci Etri; Siahaan, Rumiris; Sinurat, Mangasi; Ilham, Rico Nur
International Journal of Business, Economics & Financial Studies Vol. 2 No. 1 (2024): May 2024
Publisher : Indonesia Academia Research Society

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62157/ijbefs.v2i1.48

This study investigates the impact of leadership style and job satisfaction on employee performance within the General Section of the Regional Secretariat of the Serdang Bedagai Regency. Multiple linear regression analysis was employed to examine the relationships between variables using questionnaires, interviews, and literature reviews for data collection. The findings reveal that leadership style in a department is categorized as high or good, significantly influencing employee performance. It aligns with the theoretical expectation that appropriate leadership is crucial for enhancing employee performance, particularly when performance declines. Surprisingly, contrary to expectations, job satisfaction was classified as low and did not significantly affect employee performance. The study concludes that leadership style and job satisfaction are well received in the General Section, as evidenced by their highly descriptive classification. These factors collectively and simultaneously influence employees’ performance. This research recommends addressing and fulfilling employees’ needs to improve job satisfaction and potentially impact performance. This study contributes to understanding Human Resource Management practices in a specific organizational context by highlighting the importance of effective leadership and the need for strategies to enhance job satisfaction. These findings provide valuable insights for managers and policymakers in developing targeted interventions to improve employee performance in similar organizational settings.

Investigating the Effect of Job Motivation on Employee Work Quality at Honda Workshop: The Mediating Role of Dominion Power Damanik, Sri Winda Hardiyanti; Sinurat, Mangasi; Siahaan, Rumiris; Purba, Rakhmawati; Jayadi, Usman; Ilham, Rico Nur; Riinawati, Riinawati
International Journal of Business, Economics & Financial Studies Vol. 2 No. 1 (2024): May 2024
Publisher : Indonesia Academia Research Society

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62157/ijbefs.v2i1.49

Performance is vital for organizational success, and employee work quality is essential. A decline in individual or group performance can significantly affect a company's effectiveness. This study, conducted at the Honda Sei Rampah Dealer beginning in July 2020, used quantitative data analysis to investigate the independent variables of dominion power image and employee work quality, with dominion power as the dependent variable. The study involved 45 employees (43 males and 2 females, aged 18–29, both single and married). Validity testing was performed using SPSS version 17.00, based on the calculated r values. Partial hypothesis testing assesses the impact of each independent variable on the dependent variable. The findings indicated a significant relationship between job motivation and employee work quality and that dominion power had a notable effect on employee quality. Future research should explore dominion power among employees, especially their resilience in challenging work environments, through encouragement initiatives. Examining colleagues’ relationships and implementing stricter regulations to enhance compliance and obedience may also be beneficial. To better understand the complexities of dominion power and its impact on organizations, future studies should incorporate more variables that could lead to improved organizational performance and effectiveness.

Psychological Factors and Higher Branded Price to Purchase Decision of MS Glow Skin Care Jayanti, Suci Etri; Rusmewahni, Rusmewahni; Siahaan, Rumiris; Sinurat, Mangasi; Ilham, Rico Nur
International Journal of Business, Economics & Financial Studies Vol. 2 No. 1 (2024): May 2024
Publisher : Indonesia Academia Research Society

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62157/ijbefs.v2i1.50

The beauty industry has evolved, with skincare becoming crucial for women. It protects against environmental factors and prevents issues caused by make-up. The Indonesian skincare market is growing, reflecting the increasing importance of skin health. This study investigates the influence of lifestyle, psychological factors, and pricing on MS Glow skincare product-purchasing decisions among students at the University of North Sumatra's Faculty of Education. Using primary data from 100 respondents, multiple linear regression analysis was employed to examine the relationships between the independent variables (lifestyle, psychological factors, and price) and the dependent (purchase decision) variables. This research aims to understand consumer behavior in skincare product acquisition, focusing on MS Glow. Contrary to expectations, price does not significantly influence purchase decisions. However, lifestyle and psychological factors play substantial roles, exhibiting positive and statistically significant relationships with the dependent variable. These findings challenge conventional wisdom about the importance of pricing in student consumer decision-making and highlight the need for lifestyle-oriented and psychologically driven marketing approaches in the skincare industry. This study contributes valuable insights into university students' decision-making processes for personal care products, enhancing the understanding of consumer behaviour in this demographic.

Analisis Sistem Akuntansi Penjualan Pada UD. Istana Mobil Fahreza, Abdi; Sinurat, Mangasi; Cahyadi, Willy
Jurnal Akuntansi dan Pajak Vol. 25 No. 1 (2024): JAP : Vol. 25, No. 1, Februari 2024 - Juli 2024
Publisher : ITB AAS INDONESIA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jap.v25i1.16606

Penelitian ini bertujuan untuk menganalisis sistem akuntansi penjualan dan penerimaan kas pada UD. Istana Mobil. Fokus penelitian terletak pada evaluasi efektivitas penerapan sistem serta kelemahan yang ada dalam pengendalian internal. Metode penelitian yang digunakan adalah pendekatan deskriptif kualitatif dengan pengumpulan data melalui wawancara, observasi, dan studi dokumentasi. Hasil penelitian menunjukkan bahwa UD. Istana Mobil telah menerapkan sistem akuntansi penjualan dan penerimaan kas menggunakan Power Pro System, sebuah aplikasi yang disewa untuk membantu pencatatan keuangan secara lebih baik. Sistem ini memberikan manfaat dalam penyajian informasi bagi pimpinan perusahaan. Namun, sistem tersebut belum sepenuhnya efektif karena masih terdapat kelemahan dalam pengendalian internal, terutama terkait pengawasan dan pencatatan manual dalam proses operasional.Â Keywords : Sistem Akuntansi, Akuntansi Penjualan

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