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All Journal Sosiohumaniora Journal of Business and Management EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis Jurnal Mirai Management Widya Cipta : Jurnal Sekretari dan Manajemen Journal of Innovation, Business and Entrepreneurship Sebatik JATI EMAS (Jurnal Aplikasi Teknik dan Pengabdian Masyarakat) Jurnal Social Library Journal of Social Science Eduvest - Journal of Universal Studies Prosiding Seminar Nasional Pengabdian Masyarakat IIJSE Journal Integration of Management Studies Widya Cipta : Jurnal Sekretari dan Manajemen
Asep Darmansyah
School Of Business And Management, Institut Teknologi Bandung
Aerospace Engineering Arts Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Energy Engineering Health Professions Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Medicine & Pharmacology Neuroscience Public Health Social Sciences Other

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Improving Infinity Haircut Financial Performance using Financial Statements Projection Harisman, Taufik; Darmansyah, Asep
Journal of Innovation, Business and Entrepreneurship Vol 2, No 1 (2017)
Publisher : Journal of Innovation, Business and Entrepreneurship

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Abstract. Financial performance of a company indicates the health condition of its organization, it is possible to be able to know current financial performance of a company by analyzing using various kinds of calculation. The main objective in this research is to project financial statement of a company based on its financial performance which would be assessed using financial ratio and common-sized analysis. By using time-series analysis to compare historical data of Infinity Haircut financial statement, it enables researcher to fine the root problem and propose improvements for Infinity Haircut. From the analysis, it was discovered that the profitability ratios in Infinity Haircut indicates a low financial performance. The cause of this problem is low value of profitability ratios that were caused by the low amount of total sales. The result of this analysis creates a projection which can be used as a target for Infinity Haircut in the future to have better financial performance.Keywords: Financial Performance, Financial Ratio, Financial Statement Projection.
Analysis of Financial Statement and Sustainability of CDMA Service Provider Company (A Case of PT Smartfren Tbk and PT Bakrie Telecom Tbk) Ayu, Athira Azalika; Darmansyah, Asep
Journal of Business and Management Vol 4, No 10 (2015)
Publisher : Journal of Business and Management

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Abstract. Telecommunications is very vital to help people socialize and live. Various means are provided to facilitate the course of the telecommunications activities. One of them is the establishment of telecommunication service provider company. In Indonesia itself, there are to types of telecommunication service provider, which are GSM and CDMA. In the past year, CDMA service provider companies suffer bankruptcy one by one leaves only two companies remaining named PT Telecommunication X and PT Telecommunication Y. The purpose of this research is to determine the financial performance of the companies during the period 2011 through 2014 at the CDMA service provider companies and to determine the sustainability prediction in the future at the CDMA service provider companies. If those companies are aware of its financial condition and able to improve its performance, the company would likely to survive in telecommunication industry. The financial performance of both companies were analyzed and compared using financial ratio calculation and trend financial statement. For the sustainability analysis, Altman Z-Score is the method used in this research to predict a future bankruptcy indicator. The result of analysis shows that PT Telecommunication X and PT Telecommunication Y are not performing a good financial performance and are in the state of bankruptcy based on Altman Z-Score analysis. Keywords: Telecommunication industry; financial ratios; Altman Z-Score; sustainability analysis; trend analysis, financial performance.
Empirical Relationship Between Macroeconomic Volatility and Islamic Stock Returns (Case Study on Jakarta Islamic Index within Period of 2009-2014) Putra, Gilang Perdana; Darmansyah, Asep
Journal of Business and Management Vol 4, No 7 (2015)
Publisher : Journal of Business and Management

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Abstract- Capital market as one of the promising economic instruments is the investment object that quite interesting, but still not much glimpsed by Indonesian people. Recorded only about 4% of people who know about the capital market, and based on an index of literacy in services and financial sector, the utilization rate of capital market products and services only reached 0.11%. Meanwhile, the market share of Islamic stocks has mastered 50% of the shares in the Indonesian Stock Exchange. Thus the Jakarta Islamic Index (JII) as one of sharia stock index may be a reference to an attractive investment for the Muslim majority of Indonesian people (87.18%). On the other hand, gold that has a long history and relations with the Islamic economic world is still a favorite commodity to invest. World Gold Council noted that Indonesia becomes the highest gold consumer in Southeast Asia. However, despite being one of the safest investment due to its value tends to rise, but the gold return tends to be lower than stock returns. Meanwhile the year 2009 was a year with a positive vision for the Indonesian economy after the global crisis of 2008. Various economic indicators experienced a positive trend, as inflation reached 2.78%, the lowest in the history of the Indonesian economy. As well as the performance of the Indonesian capital market, IHSG in 2009 increased by 87% from the previous year, the highest in ASEAN. By contrast, the exchange rate of has weakened against US dollar over the years, with the exception of 2010 which is capable strengthened to Rp8.900, - per US dollar. Also the nominal GDP has increased from year to year. This research aimed to determine the effect of macro-economic factors that have been mentioned, that are inflation, exchange rate and GDP, as well as the price of gold toward stock returns in companies listed in JII from 2009 to 2014. The data used in this research is the annual secondary data of each variable. By using panel data regression method, this research found that inflation, exchange rates and the gold price has a significant effect on stock returns in JII, while GDP has no significant effect. But simultaneously, all four of these variables have a significant effect and are able to explain as much as 62% of the information on the stock return of companies listed in JII, the rest of 38% is explained by other variables outside the four independent variables in this research. This research is also expected can give consideration to investors who want to invest in the capital market, especially Islamic stock in JII. Keywords: capital market, stock returns, inflation, exchange rates, gross domestic product, the price of gold, panel data regression, Jakarta Islamic Index
ANALYSIS OF BEEF CATTLE INVESTMENT IN SUBDISTRICT BANCAR DISTRICT TUBAN, EAST JAVA Aulia, Hilmi; Darmansyah, Asep Darmansyah
Journal of Business and Management Vol 6, No 3 (2017)
Publisher : Journal of Business and Management

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Abstract. The Study was purposed to find out the feasibility of beef cattles ystems (profit sharing system and payroll system) in District Tuban.. This research was conducted in Subdistrict Bancar, District Tuban because it is one of the subdistricts with the largest beef cattle population in Tuban. This research was conducted at Wahyu Utama farm and Plandi Rejo farm group. Wahyu Utama is a farm that uses a payroll system for farmers, while Plandi Rejo uses a profit sharing system. This study uses capital budgeting method which will be calculated NPV, IRR, and Payback Period of both kinds of system. The results of this study indicate that that in payroll system the NPV that will obtained is Rp 5,380,156,468, IRR obtained by 26.9%, Payback Period for 5 years and 7 days, and B/C Ratio is 1.207. While the company with profit sharing system will get NPV of Rp 42.677,854, IRR obtained by 12.5%, Payback Period will be achieved within 9 years 10 months, and B/C Ratio is 1.217. Based on the calculation results it can be concluded that the payroll system will be more profitable for investors. Keywords: Beef Cattle, NPV, IRR, Payback Period
Feasibility Study Hakmaz Taba Syariah Hotel Cooperate with PT Grahawita Santika Maruszama, Mahfidarwan Akbar; Darmansyah, Asep
Journal of Business and Management Vol 5, No 4 (2016)
Publisher : Journal of Business and Management

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Abstract.Hakmaz Taba Syariah Hotel is one of the hotels in Lubuklinggau who participate actively welcome the tourists who come to Lubuklinggau.Hakmaz Taba Syariah Hotel located at Jl. Yos Sudarso No 28 Lubuklinggau, South Sumatera, Indonesia. The hotel established since 1997. Hakmaz Taba Syariah Hotel is a hotel with the nuances of Islamic, elegant minimalist decor blends with local culture. The hotel has 48 rooms with facilities such as restaurant, cafe, swimming pool, children play ground, outdoor garden party, ballroom, ATM Center, and meeting room. There are a couple of things and the perceived problems that need to be repaired. Some of the problems being experienced are owner does not have experience in the hospitality sector, cause the hotel is not well controlled, the financial statements hotel is not recorded properly while already using the system / software, the marketing activity is not running, and the human resources are difficult to find in South Sumatra.Lubuklinggau have an interesting developments, competitors can lead to decreased number of occupancy of Hakmaz Taba Syariah Hotel. Because of it, the owners had approached and meetings with some of the operators of the hotel management, which are Starwoods Hotels, Swiss-Belhotel, Accor, Tauzia, Santika, and Dafam. The results of the meeting with the hotel management operator and conclusions given by the hotel owners indicate a match with PT Grahawita Santika (GWS). All problem identification in this paper will be solved using economical feasibility study.A business feasibility study can be defined as a controlled process for identifying problems and opportunities, determining objectives, describing situations, defining successful outcomes, and assesing the range of costs and benefits associated with several alternatives for solving a problem. This study is used to support the decision-making process based on a cost benefit analysis of the actual business or project viability.It should help the company to find out does this invesment is the correct decision to do. The author will take the approach of the financial feasibility of using several methods such as NPV and IRR calculation, assisted by a brief explanation of market feasibility and legal feasibility The theoritical framework of this final assignment is based on various source which are text books, internet data and secondary data that collected from the company. Those source are used to find some supportive theories, information, and data to accomplish this final project.Formula that could be supportive for this final project are Net Present Value (NPV), Internal Rate of Return (IRR), Weighted Average Cost of Capital (WACC), and other formulas that related to financial feasibility.After analyzing the initial investment, income statement, statement of cash flow of the project, Author finally meet the conclusion that the project is not feasible to do. The project stated not feasible because the Net Present Value of the project is negative, Payback Period occur in the 9th year, and the Internal Rate of Return are lower than the discount rate which is Weighted Average Cost of Capital. If the owners still have the desire to run the project, there are some things that need to be calculated.Keywords : Financial, Hotel, Investment, Tourism, Lubuklinggau, Indonesia, Feasibility
Analysis of chef works’ master budget to minimize the value of leftover product Wiguna, Giovanni Julius; Darmansyah, Asep
Journal of Innovation, Business and Entrepreneurship Vol 4, No 2 (2019)
Publisher : Journal of Innovation, Business and Entrepreneurship

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Abstract. Culinary business is one of the fastest growing business in Indonesia. According to Badan Ekonomi Kreatif Indonesia or BEKRAF, culinary as one of creative economy sub-sector is in the top of sub-sector that has the most number of businesses. Chef Works is one of business that runs in food and beverages industry and located in Bandung. Right now, Chef Works focuses on making packaged filling bread with “modern” fillings. As a new established company, finance is become one of the most important factor to grow the business. Based on 2018 financial data, Chef Works has leftover products and ingredients or waste expense worth approximately 1.6 million rupiah in a year. The issue is related to the inaccurate of budgeting process in the first place. By using fishbone analysis, it is known that the company did inaccurate in making budgeting process especially in sales budget when the company should determine sales target unit forecast. To minimize the value of leftover product, the company should create a “right” initial budgeting. To create the most suitable budgeting for the company, company should consider factors that can affect company in determining the budgeted sales or sales forecast such as customer preference. After considering several factors, then the researcher creates a new master budget for the company. But the company needs other aspect/unit support especially marketing to run the budgeting plan. It is ineffective if the marketing unit does not make any moves to support the sales.Keywords: leftover products, inaccurate, budgeting, sales forecast
Business risks level of consequences identification: case of women formal fashion smes in Bandung and Jabodetabek Putri, Ghaissani Elsa; Darmansyah, Asep
Journal of Innovation, Business and Entrepreneurship Vol 4, No 2 (2019)
Publisher : Journal of Innovation, Business and Entrepreneurship

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Fashion SMEs is one of the creative industry sectors in Indonesia that contributes high to the gross domestic product (GDP). Based on a study, inexperienced people (in this case, fashion SMEs) usually do not see the risks that might occur, or if they do, they underestimate the possibility that they will be affected by them. This study aims to identify business risks and their level of consequences in women's formal fashion SMEs. This research use a qualitative approach with in-depth interview methods. Based on the research known from the five risk categories according to the reference literature, each has a different level of impact. This level of consequences is strongly influenced by the condition of the business scale, business models, vision and mission.Keyword:Business Risk, Risk Identification, Risk Level of Consequences, Small and Medium Enterprises, Women Formal Fashion
Financial Performance Analysis of MSMEs Using KUR (People Business Credit) Funds Before and During the Covid-19 Pandemic Sigalingging, Mega Setia Mawarni; Darmansyah, Asep
Journal of Business and Management Vol 9, No 2 (2020)
Publisher : Journal of Business and Management

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Abstract. Pandemic Covid-19 is predicted by the IMF to bring world finances worse than the 2007-2008 crisis to -3% in 2020. KUR (People's Business Credit) is a government program in supporting MSMEs as a contributor to GDP in Indonesia, especially in the capital. However, this pandemic significantly affects the sustainability of MSMEs, especially in the Doloksanggul sub-district. This study will conduct a financial ratio analysis between before and during a pandemic to see the weaknesses of MSMEs, which can help restore Indonesia's finances. The analysis carried out with three ratios: solvency, activity, and profitability, to three business sectors: trade, production, and services. Based on the results of the analysis, for MSMEs engaged in trade, especially those who sell gas, the solvency ratio decreases while the ratio of activity and profitability increases. For production businesses, those producing snacks and services, namely tailors, experience the opposite of business in trade. In solvency has increased, and the ratio of activity and profitability has decreased. It can conclude that the trade sector experienced excellent financial performance while other businesses did not.Keywords: MSMEs, KUR (People Business Credit), Financial Ratio Analysis.
Determinants of Islamic Banking Profitability in Indonesia A'la, Sabila Hikmatul; Darmansyah, Asep
Journal of Business and Management Vol 10, No 3 (2021)
Publisher : Journal of Business and Management

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Any economic growth and stability mostly depend on its banking sector. However, the ROA of conventional banks in Indonesia always higher than Islamic banks in the previous 5 years period. This research focuses on finding the internal-bank factors that may affect the profitability of Islamic banks in Indonesia. Internal-bank factors as independent variables that tested in this research are bank size (SIZE), Capital Adequacy Ratio (CAR), Liquidity of Assets (LIQ), Operational Efficiency (BOPO), Gearing Ratio (GR), Non-Performing Financing (NPF), and Financing to Deposit Ratio (FDR). Return on Asset (ROA) used as dependent variable which represent profitability of banks. The data samples have passed the classical assumption test and continued with multiple linear regression. The result shows that partially SIZE and BOPO give a negative significant effect on ROA. CAR, LIQ, GR gives a positive significant influence on ROA. NPF and FDR have no effect on profitability of Islamic banks in Indonesia. The simultaneously significant effect is given by SIZE, CAR, LIQ, BOPO, GR, NPF, and FDR on the ROA of Islamic banks in Indonesia. Keywords: Bank size, Capital Adequacy Ratio, Liquidity of Assets, Operational Efficiency, Gearing Ratio, Non-Performing Financing, Financing to Deposit Ratio, Return on Asset.
STRATEGI KERJA SAMA ANTAR PUSAT DAN DAERAH DALAM PEMBERDAYAAN MASYARAKAT KAWASAN TIMUR INDONESIA (KTI) Asep Darmansyah; Wawan Gunawan; Hamidah Hamidah
Sosiohumaniora Vol 6, No 1 (2004): SOSIOHUMANIORA, MARET 2004
Publisher : Universitas Padjadjaran

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24198/sosiohumaniora.v6i1.5321

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Penelitian dilakukan di lima propinsi KTI yaitu Kalimantan Barat, Kalimantan Selatan, Sulawesi Utara, Nusa Tenggara Barat, dan Papua. Tujuan penelitian adalah untuk mensinerjikan kebijakan, strategi, program dan kegiatan departemen/lembaga antar pusat dan daerah, serta mengoptimalkan sarana dan prasarana yang ada agar tercapai efisiensi dan efektivitas dalam rangka pemberdayaan masyarakat. Metode penelitian berbentuk survai, dengan jenis penelitian deskriptif dan verifikatif. Data terdiri dari data primer dan data sekunder. Sumber data primer adalah responden yang ditentukan secara purposive sampling. Pengumpulan data primer dilakukan melalui wawancara mendalam menggunakan kuisioner. Setiap propinsi diambil responden sebanyak 12 orang dari kalangan individu masyarakat dan 18 orang pimpinan/staf kelembagaan formal dan non formal. Data sekunder diperoleh dari laporan, hasil penelitian dan pustaka lain yang berkaitan dengan program pemberdayaan masyarakat. Analisis data yang dilakukan terdiri dari : (a) Analisis peran, (b) Analisis prosedur manajemen, (c) Analisis sistem, dan (d) Analisis SWOT. Hasil penelitian menunjukkan bahwa dalam rangka pemberdayaan masyarakat KTI, perlu strategi optimalisasi kerja sama pusat dan daerah melalui strategi pengembangan kelembagaan pemberdayaan masyarakat di daerah, strategi tahapan pemberdayaan masyarakat yang benar dan utuh, strategi perencanaan partisipatif program pemberdayaan masyarakat, strategi organisasi dan koordinasi program pemberdayaan masyarakat, strategi pengendalian program secara transparan dan menyeluruh, strategi monitoring dan evaluasi partisipatif. Kata kunci : Kerja sama, pusat dan daerah, pemberdayaan masyarakat, kawasan timur Indonesia
Co-Authors A'la, Sabila Hikmatul Acip Sutardi Acip Sutardi Adam Aliya Silmi Afgani, Kurnia Fajar Ali, Kresnanda Anggoro, Yudo Annisa Rizkia Syaputri Asharyanto, Hudan Astari, Airen Widhia Athira Azalika Ayu, Athira Azalika Aulia, Hilmi Ayudiatri, Safira Cintya Nindy Nofita Dc, Achmad Furqaan Dematria Pringgabayu Desy Kharohmayani Eko Susanto Faiz, Ahmad Naufal Fernady, Dhegatala Fitria Rahayu Khaerani Fitria Rahayu Khaerani Fitria Rahayu Khaerani Fitrianda, Saldy Gilang Perdana Putra, Gilang Perdana Halim, Robbyson Hamidah - Hamidah Hamidah Hamidah Rachmat Harijanto, Steven Mikael Harisman, Taufik Indrayana, Gun Gun Kurnia Fajar Afgani Kurnia Fajar Afgani Kurnia Fajar Afgani Maruszama, Mahfidarwan Akbar Mega Fitriani Adiwarna Prawira Octaviani Ratnasari Santoso Probo Apsoro, Darjito Wahyu Purbayati, Radia Putri, Ghaissani Elsa Raden Aswin Rahadi Saiful Akbar Septyandi, Chandra Budhi Sigalingging, Mega Setia Mawarni Siti Herni Rochana Syifaa Novianti Tuntun Salamatun Zen Umi Zuraida Wawan Gunawan Wawan Gunawan Wiguna, Giovanni Julius Yedi Purwanto Yedi Purwanto Yezsa Bella Nugroho Yunieta Anny Nainggolan