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The Effect of a Company's Financial Performance on a Company's Value Siregar, Firman; Achsani, Noer Azam; Bandono, Bayu
Journal of Social Research Vol. 2 No. 10 (2023): Journal of Social Research
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/josr.v2i10.1472

Abstract

An investor evaluates a company's success by analyzing its low valuation. Investors hold the expectation that a firm would enhance its performance in the early years subsequent to an initial public offering (IPO) as a means to evaluate its future potential. Consequently, there is a widely held belief that the success of a firm has an impact on its overall value. The COVID-19 pandemic that occurred from 2020 to 2021 represents a remarkable occurrence that might potentially influence both the performance and value of a firm. The focus of this study is the firm that had an Initial Public Offering (IPO) in 2019, consisting of 31 companies. The financial report data analyzed in this study pertains to the years 2019-2021. The study used panel data regression analysis to examine the relationship between corporate value dependent variables (Tobin's Q), corporate performance independent factors (ROA, ROE, DAR, DER, CR, TATO, GR), and COVID-19 dummy variables. The valuation of the firm is concurrently and substantially affected by all of the independent factors as well as a binary variable. The primary determinant that exerts substantial downward pressure on the company's valuation is the COVID-19 pandemic, as investors exhibit considerable uncertainty over its potential financial and operational ramifications. The adjusted R2 values obtained are 0.730134 and 0.540228. This finding indicates that the relationship between corporate performance and the impact of COVID-19 on corporate value (measured by Tobin's Q) accounts for 73.01% of the observed variation, while the remaining 26.99% may be attributed to other factors.
Optimization investment portfolio of ESG capital market in Indonesia: An investigation of Polynomial Goal Programming based on higher moments Gasmara, Dimas Dhanubrata; Achsani, Noer Azam; Bandono, Bayu
Jurnal Ekonomi dan Bisnis Vol. 26 No. 2 (2023)
Publisher : Fakultas Ekonomika dan Bisnis Universitas Kristen Satya Wacana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24914/jeb.v26i2.9666

Abstract

Perkembangan investor pasar modal di Indonesia mengalami pertumbuhan yang sangat pesat sehingga menyebabkan pergerakan pasar domestik yang semakin volatile. Dalam menghadapi permasalah tersebut, perusahaan atau Manajer Investasi dituntut untuk tetap dapat membentuk portofolio asset dengan expected return yang optimal dengan risiko yang terukur. Penelitian ini bermaksud untuk menganalisa kemungkinan kombinasi yang dapat terbentuk menggunakan ESG Capital Market Indonesia 2022 dan instrument safe-haven menggunakan teori Markowitz dan metode Polynomial Goal Programming (PGP). Penelitian ini menggunakan data sekunder dan objek penelitian yang digunakan adalah ESG Capital Market Indonesia 2022 dan emas pada periode Januari 2007 sampai Desember 2022. Berdasarkan penelitian sebelumnya, pembentukan kombinasi portofolio menggunakan instrumen safe-haven menggunakan teori Markowitz dan metode Polynomial Goal Programming (PGP) dapat memberikan kombinasi portofolio investasi yang lebih baik ketika menghadapi krisis. Selanjutnya, masing-masing kombinasi yang terbentuk diukur kinerjanya menggunakan Sharpe Ratio. Hasil peneltian mengindikasikan bahwa teori Markowitz dapat menghasilkan kinerja yang lebih baik dibandingkan metode PGP. Namun, memiliki nilai skewness dan kurtosis yang kurang optimum dibandingkan dengan metode PGP.
Analysis of Factors Affecting Non-Performing Loan at PT Xyz Financing Company Before and During Covid-19 (2018-2022) Sajudi, Aditya; Siregar, Hermanto; Bandono, Bayu
TRANSEKONOMIKA: AKUNTANSI, BISNIS DAN KEUANGAN Vol. 5 No. 1 (2025): January 2025
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/transekonomika.v5i1.846

Abstract

Non-Performing Loan is a situation where the ratio of the volume of non-performing loans (arrears >30 days) to total loans. This study aims to analyse the factors that influence the amount of credit (total loans) and the factors that influence Non-Performing Loan at PT XYZ in the range of 2018-2022. This study aims to analyse the factors that influence the amount of credit (total loans) at PT XYZ measured using multiple linear regression methods, while the factors that influence Non-Performing Loan at PT XYZ are measured using Binary Logistic Regression. The data in this study uses secondary data from PT XYZ in 2018-2022. The results of this study indicate that the factors that affect the amount of credit are Vehicle Price, Effective Rate, Installment Value per month, amount of downpayment (DP), total financing, tenor, age, education, gender, marital status, occupation and unit type, while the factors that affect the chances of customers becoming NPF are inflation, customer area and covid-19 pandemic and the Sumatra area is an area that needs special attention because it has a 121.4% higher chance of becoming an NPL.