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ANALISIS PENYERTAAN AGUNAN DALAM PEMBIAYAAN MUDARABAH: : Perspektif Fatwa DSN-MUI No. 07/DSN-MUI/IV/2000 dan Undang-Undang No. 21 Tahun 2008 tentang Perbankan Syari’ah Muhammad Saifi
Jurnal Penelitian Ilmiah INTAJ Vol. 5 No. 1 (2021): drowning
Publisher : LP3M IAI Al-Qolam

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35897/intaj.v5i1.598

Abstract

Islamic banking offers various types of sharia-based financing. One of them is mudarabah financing agreement based on profit sharing, in which the bank requires collateral (guarantee) as well as credit application in conventional banking. In classical fiqh literature, the true mudarabah contract is not allowed to include collateral. However, the bank has its own reasons for implementing it and running its business in accordance with statutory regulations and other supporting instruments such as the DSN-MUI Fatwa. This research is qualitative normative research with conceptual and law official regulation approach. The law materials in this research includes the primary, secondary, and tertiary law material. Primary law material is obtained from the official regulations concerning with the collateral in defrayal of Syari’ah bank and Fatwa DSN-MUI about mudarabah defrayal. Secondary law material is obtained from the books related to the collateral and mudarabah. The tertiary law material is obtained from law dictionary and encyclopedia containing the collateral and mudarabah. This research concluded that Islamic bank could determine the collateral as the requirement in mudarabah defrayal based on accurate principle of the bank and avoid deceitfulness of client. The law No. 21 of 2008 about Syari’ah banking, 26 article 1, clearly stated that the collateral is determined in paying client obligation to the Syari’ah bank. In Fatwa DSN-MUI No. 07/DSN-MUI/IV/2000, the collateral is determined to avoid the divergence committed by mudl?rib.
EFEKTIVITAS PENERIMAAN PAJAK RESTORAN DALAM MENINGKATKAN PENDAPATAN ASLI DAERAH (PAD) (Studi pada Dinas Pendapatan Asli Daerah Kabupaten Kediri) Renaldo Putra Pratama; Muhammad Saifi; Zahro ZA
Jurnal Administrasi Bisnis Vol 30, No 1 (2016): JANUARI
Publisher : Fakultas Ilmu Administrasi Universitas Brawijaya

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Abstract

Local Revenue (PAD) is the income earned and collected by local regulations in accordance with the legislation. Tax restaurant became one of the sectors which have great potential in contributing to regional revenue in Kediri. This study aims to determine the effectiveness of the restaurant tax revenue and tax revenue restaurants effectiveness in improving the regional revenue. This research use descriptive research. The research location is Revenue Service Kediri. Results of the study was the rate of tax effectiveness restaurants in Kediri, show results very effective. The average level of effectiveness of Kediri Regency restaurant tax revenue in 2008-2012 was 145.73%. Restaurant tax contribution to PAD Kediri Regency in 2008-2012 in 2008-2012, respectively for 1.48%, 0.37%, 0.55%, 1.14%, 1.27% with an average of 0.96%. The conclusion that can be obtained from this study showed that the rate of the tax effectiveness of the restaurant is quite high. But the restaurant tax contribution to regional revenue still lacking. It is necessary for the role of government and stakeholders to explore the potential for a sizeable return on the restaurant tax. Keywords: Regional Revenue, Tax Restaurants, Effectiveness, Contributions ABSTRAK Pendapatan Asli Daerah (PAD) merupakan pendapatan yang diperoleh dan dipungut berdasarkan peraturan daerah sesuai dengan peraturan perundang-undangan. Pajak restoran menjadi salah satu sektor yang memiliki potensi besar dalam menyumbang Pendapatan Asli Daerah di Kabupaten Kediri. Penelitian ini bertujuan untuk mengetahui efektivitas penerimaan pajak restoran dan efektivitas penerimaan pajak restoran dalam meningkatkan Pendapatan Asli Daerah. Penelitian ini menggunakan jenis penelitian deskriptif. Lokasi penelitian adalah Dinas Pendapatan Kabupaten Kediri. Hasil penelitian adalah tingkat efektivitas pajak restoran di Kabupaten Kediri menunjukan hasil yang sangat efektif . Rata-rata tingkat efektivitas penerimaan pajak restoran Kabupaten Kediri pada tahun 2008-2012 adalah 145,73% . Kontribusi pajak restoran terhadap PAD Kabupaten Kediri pada tahun 2008-2012 pada tahun 2008-2012 berturut-turut sebesar 1,48%, 0,37%, 0,55%, 1,14%, 1,27% dengan rata-rata sebesar 0,96%. Kesimpulan yang dapat diperoleh dari penelitian ini menunjukan bahwa tingkat efektivitas pajak restoran cukup tinggi. Namun kontribusi pajak restoran terhadap Pendapatan Asli Daerah masih sangat kurang. Untuk itu diperlukan peran Pemerintah dan pihak-pihak terkait untuk menggali kembali potensi yang cukup besar pada pajak restoran. Kata kunci: Pendapatan Asli Daerah, Pajak Restoran, Efektivitas, Kontribusi
ANALISIS KEBIJAKAN LOAN TO VALUE SEBAGAI USAHA MEMINIMALISIR KREDIT BERMASALAH DALAM PENYALURAN KREDIT PEMILIKAN RUMAH (Studi Kasus pada PT. Bank Tabungan Negara (Persero) Tbk Kantor Cabang Kediri) Intan Wulandari; Muhammad Saifi; Devi Farah Azizah
Jurnal Administrasi Bisnis Vol 38, No 1 (2016): SEPTEMBER
Publisher : Fakultas Ilmu Administrasi Universitas Brawijaya

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Abstract

The purpose of this research to find out the policy of loan to value ( ltv ) as the effort to minimize non performing loans and knowing the act of to handle it in credit distribution of mortgage. This type of research used in this research is descriptive case study approach. Loan to value is the ratio between credit ratings can be given bank on the collateral of property at the time of the credit. Bank Indonesia's policy to introduce new rules for observing the principles of prudential credit. But, in practice the distribution of credits are not would go well for a range of factors, one of them of loan defaults. This study was to determine the application of the policy for the loan to value mortgages on PT. Bank Tabungan Negara (Persero) Tbk Kediri Branch Office. In 2015, Bank Indonesia to make changes by giving allowance for the loan to value ratio of 10% in accordance with Bank Indonesia Regulation No. 17/10 / PBI / 2015. Based on calculations by the easing of loan to value ratios, impact on the distribution of mortgage facilities are distributed, and was followed by a decrease in the level of non-performing loan (NPL) is generated. Keyword: Bank Indonesia Policy, Loan To Value,Prudential Principle. ABSTRAK Tujuan penelitian ini untuk mengetahui penerapan kebijakan loan to value (LTV) sebagai usaha meminimalisir kredit bermasalah serta mengetahui tindakan untuk mengatasinya dalam penyaluran Kredit Pemilikan Rumah (KPR). Jenis penelitian yang digunakan dalam penelitian ini adalah penelitian deskriptif, dengan menggunakan pendekatan studi kasus. Loan to value merupakan rasio antara nilai kredit yang dapat diberikan bank terhadap nilai agunan berupa properti pada saat pemberian kredit. Kebijakan Bank Indonesia memperkenalkan aturan baru ini untuk memperhatikan prinsip kehati-hatian kredit. Namun, dalam praktiknya penyaluran kredit tidak dapat berjalan dengan lancar karena berbagai faktor, salah satunya kredit bermasalah. Penelitian ini untuk mengetahui penerapan kebijakan loan to value untuk kredit pemilikan rumah pada PT. Bank Tabungan Negara (Persero) Tbk Kantor Cabang Kediri. Pada tahun 2015 Bank Indonesia melakukan perubahan dengan memberikan pelonggaran terhadap rasio loan to value sebesar 10% sesuai dengan Peraturan Bank Indonesia No. 17/10/PBI/2015. Berdasarkan hasil perhitungan dengan adanya pelonggaran rasio loan to value, berdampak pada penurunan penyaluran fasilitas KPR yang disalurkan, dan diikuti dengan penurunan tingkat non performing loan (NPL) yang dihasilkan. Kata kunci: Kebijakan Bank Indonesia,Loan To Value,Prinsip Kehati-hatian.
PENGARUH RASIO KEUANGAN TERHADAP KINERJA KEUANGAN BANK SYARIAH Saiful Bachri; . Suhadak; Muhammad Saifi
Jurnal Administrasi Bisnis Vol 1, No 2 (2013): APRIL
Publisher : Fakultas Ilmu Administrasi Universitas Brawijaya

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This study aims to obtain empirical evidence about the effect of the Capital Adequacy Ratio (CAR), Non Performing Financing (NPF), Operational Efficiency Ratio (OER) and the Financing to Deposit Ratio (FDR) to the Return On Assets (ROA) and to determine the variable that give the dominant influence on the profitability of Islamic banks. The populations used in this study were all Islamic Banks operating in Indonesia. Purposive sampling was used a sampling method, obtaining three Islamic Banks. Secondary data was used as a form of financial statements quarterly publicized; starting from the first quarter of 2009 to the third quarter of 2012. The data analyses employed the use of multiple linear regression approach. The results of this study indicate that the variable Operational Efficiency Ratio (OER) has a significant influence on the Return on Assets (ROA) with a significance level of 0,000. While, the variable Capital Adequacy Ratio (CAR), Non Performing Financing (NPF) and the Financing to Deposit Ratio (FDR) did not significantly affect to the Return on Assets (ROA) with a significance level of each variable of 0,641 (CAR), 0,166 (NPF) and 0,440 (FDR). Variable that affect dominantly to the Return on Assets (ROA) is the Operational Efficiency Ratio (OER) with a beta value of 0,563.   Keywords: Financial Ratios, Financial Performance
ANALISIS INTERNET FINANCIAL REPORTING (IFR) (Studi Pada Perusahaan Manufaktur Yang Go Public di Indonesia, Singapura, dan Malaysia) Pratiwi Putri Widari Putri Widari; Muhammad Saifi; Ferina Nurlaily
Jurnal Administrasi Bisnis Vol 56, No 1 (2018): MARET
Publisher : Fakultas Ilmu Administrasi Universitas Brawijaya

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Abstract

Technological development become a part in every human life. Technology used because it is more effective in helping users including for companies in doing financial reporting. Internet Financial Reporting (IFR) is a voluntary disclosure of financial statements which measured using the Internet Financial Reporting (IFR) index. The purpose of this study are to know how the quality of Internet Financial Reporting (IFR) on manufacturing companies that go public in Indonesia, Singapore and Malaysia. The type of research is content analysis with quanlitative approach. Data analysis technique used descriptive analysis technique. The results of this study indicate that the quality of Internet Financial Reporting (IFR) at the go public manufacturing companies in Singapore is better than Indonesia, and Malaysia. The quality of the content components at the go public manufacturing companies in Singapore is better than Indonesia, and Malaysia. The quality of the timeliness component at the go public manufacturing companies in Singapore is better than Indonesia, and Malaysia. The quality of the technology component at the go public manufacturing companies Singapore is better than in Malaysia, and Indonesia. The quality of the user support components at the go public manufacturing companies Indonesia is better than in Singapore, and Malaysia. Kеywords: Internet Financial Reporting (IFR), content, timeliness, technology, user support. АBSTRАK Teknologi semakin berkembang dan menjadi bagian dalam kehidupan manusia Teknologi digunakan karena lebih efektif membantu keperluan penggunanya termasuk bagi perusahaan dalam melakukan pelaporan keuangan. Internet Financial Reporting (IFR) merupakan pengungkapan laporan keuangan secara sukarela melalui website perusahaan yang kualitasnya diukur menggunakan indeks Internet Financial Reporting (IFR). Tujuan dari penelitian ini adalah untuk mengetahui bagaimana kualitas Internet Financial Reporting (IFR) secara keseluruhan dan tiap komponennya pada perusahaan manufaktur yang go public di Indonesia, Singapura dan Malaysia. Jenis penelitian yang digunakan adalah penelitian analisis isi dengan pendekatan kuanlitatif. Teknik analisis data yang digunakan adalah teknik analisis deskriptif. Hasil dari penelitian ini menunjukkan bahwa kualitas Internet Financial Reporting (IFR) pada perusahaan manufaktur yang go public di Singapura lebih baik daripada di Indonesia, dan Malaysia. Kualitas pada komponen Content pada perusahaan manufaktur yang go public di Singapura lebih baik daripada di Indonesia, dan Malaysia. Kualitas pada komponen Timeliness pada perusahaan manufaktur yang go public di Singapura lebih baik daripada di Indonesia, dan Malaysia. Kualitas pada komponen Technology pada perusahaan manufaktur yang go public di Singapura lebih baik daripada di Malaysia, dan Indonesia. Kualitas pada komponen User Support pada perusahaan manufaktur yang go public di Indonesia lebih baik daripada di Singapura, dan Malaysia. Kаtа Kunci: Internet Financial Reporting (IFR), content, timeliness, technology, user support.
PENGARUH.KINERJA.KEUANGAN TERHADAP.HARGA.SAHAM.SYARIAH (Studi.pada.perusahaan-perusahaan.yang.terdaftar.di.Jakarta.Islamic.Index.Pada. Bursa.Efek.Indonesia.(BEI).Periode.2007-2010.) Tyas Kinasih; Muhammad Saifi; Topowijono Topowijono
Jurnal Administrasi Bisnis Vol 50, No 5 (2017): SEPTEMBER
Publisher : Fakultas Ilmu Administrasi Universitas Brawijaya

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Abstract

Focus in this research is effect of financial performance against sharia stock especially listed on Jakartа Islаmic Index. The result of this study indicаte thаt independent vаriаbles consisting of Current  Rаtio, Debt Rаtio, Debt to Equity Rаtio, Net Profit Mаrgin, Return on Equity, dаn Eаrning Per Shаre simultаneously аre significаntly influence the Shаriа Stock Price аre 37.2%. This study аlso indicаte thаt the most dominаnt independent vаriаble to influence Shаriа Stock Price is Debt Rаtio, shown from it’s the most  stаndаrdized coefficients, is -0,549. This study indicаte thаt more fund vаriаble effect to Shаriа Stock Price thаn profitаbility vаriаble. Fund vаriаble аre Current Rаtio аnd Debt Rаtio, than Debt to Equity Ratio are unsignificant influence the Sharia Stock Price. Profitаbility vаriаble just one, this is Return on Equity, than Net Profit Margin and Earning Per Share are unsignificant influence the Sharia Stock Price. Keywords : stock, Jakarta Islamic Index, assumtion classic Test, significant, dominant ABSTRАK Fokus pаdа penelitiаn ini аdаlаh besаrnyа pengаruh kinerjа keuаngаn terhаdаp hаrgа sаhаm khususnyа pаdа sаhаm-sаhаm terpilih yаitu Jаkаrtа Islаmic Index. Hаsil penelitiаn menunjukkаn bаhwа vаriаbel  independen  yаng terdiri dаri Current Rаtio, Debt Rаtio, Debt to Equity Rаtio, Net Profit Mаrgin, Return on Equity, dаn Eаrning Per Shаre secаrа simultаn berpengаruh signifikаn terhаdаp Hаrgа Sаhаm Syаriаh sebesаr 37,2%. Hаsil penelitiаn jugа menunjukkаn bаhwа vаriаbel independen yаng berpengаruh dominаn terhаdаp Hаrgа Sаhаm Syаriаh аdаlаh vаriаbel Debt Rаtio yаng ditunjukkаn dаri nilаi stаndаrdized coefficients yаng pаling besаr, yаitu -0.549. Hаsil penelitiаn ini menunjukkаn bаhwа vаriаbel pendаnааn yаng berpengаruh terhаdаp Hаrgа Sаhаm Syаriаh lebih bаnyаk dаri vаriаbel profitаbilitаs, yаitu Current Rаtio dаn Debt Rаtio, sedangkan Debt to Equity Ratio tidak berpengaruh secara signifikan terhadap Harga Saham Syariah.  Vаriаbel profitаbilitаs yang berpengaruh secara signifikan terhadap Harga Saham Syariah hanya satu, yаitu Return on Equity, sedangkan Net Profit Margin dan Earning Per Share tidak berpengaruh secara signifikan terhadap Harga Saham Syariah. Kata Kunci : saham, Jakarta Islamic Index, uji asumsi klasik, signifikan, dominan
ANALISIS PERENCANAAN PERSEDIAAN BAHAN BAKU MENGGUNAKAN METODE ECONOMIC ORDER QUANTITY (EOQ) (Studi Kasus Pada PT. Semen Indonesia (Persero) Tbk Pabrik Tuban) Gian Eka Alynardina; Muhammad Saifi
Jurnal Administrasi Bisnis Vol 49, No 1 (2017): AGUSTUS
Publisher : Fakultas Ilmu Administrasi Universitas Brawijaya

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Abstract

This study aims to find out how the planning of raw materials inventory in PT. Semen Indonesia Tuban factory in 2015 and describes the planning of raw material inventory which is economical according to Economic Order Quantity (EOQ) theory. Population who used in this research is all raw material used in cement production at PT. Semen Indonesia Tbk that amounted to 17 items. The results showed that the existing inventory planning in PT. Semen Indonesia Tbk uses Min-Max method. The method requires companies to continuously order inventory so that no less than the minimum limit and also not exceed the limits that have been determined and Planning inventory at PT. Semen Indonesia in 2015 is not economical compared to the Economic Order Quantity (EOQ) method. Total cost incurred by PT. Semen Indonesia in the planning of raw material inventory is much costly than the use of EOQ method. If the company uses EOQ methods in terms of raw material inventory planning, then the company can save costs around Rp 386.242.843. Keywords : Inventory, Inventory Planning, Raw Material, EOQ АBSTRАK Pеnеlitiаn ini bеrtujuаn untuk mеngеtаhui bаgаimаnа pеrеncаnааn pеrsеdiааn bаhаn bаku yаng аdа di PT. Sеmеn Indonеsiа Pаbrik Tubаn pаdа tаhun 2015 dаn mеndеskripsikаn pеrеncаnааn pеrsеdiааn bаhаn bаku yаng еkonomis mеnurut tеori Еconomic Ordеr Quаntity (ЕOQ). Populаsi yаng digunаkаn dаlаm pеnеlitiаn ini аdаlаh sеluruh bаhаn bаku yаng digunаkаn dаlаm produksi sеmеn di PT. Sеmеn Indonеsiа Tbk yаitu bеrjumlаh 17 itеm. Hаsil pеnеlitiаn mеnunjukаn bаhwа pеrеncаnааn pеrsеdiааn yаng аdа di PT. Sеmеn Indonеsiа Tbk mеnggunаkаn mеtodе Min-Mаx.Mеtodе tеrsеbut mеnghаruskаn pеrusаhааn untuk tеrus mеnеrus mеmеsаn pеrsеdiааn sеhinggа tidаk kurаng dаri bаtаs minimаl dаn jugа tidаk mеlеbihi bаtаs yаng tеlаh ditеntukаn dаn Pеrеncаnааn pеrsеdiааn di PT. Sеmеn Indonеsiа pаdа tаhun 2015 bеlum еkonomis jikа dibаndingkаn dеngаn mеtodе Еconomic Ordеr Quаntity (ЕOQ). Totаl biаyа yаng dikеluаrkаn olеh PT. Sеmеn Indonеsiа dаlаm pеrеncаnааn pеrsеdiааn bаhаn bаku lеbih bеsаr dibаndingkаn dеngаn pеnggunааn mеtodе ЕOQ. Jikа pеrusаhааn mеnggunаkаn mеtodе ЕOQ dаlаm hаl pеrеncаnааn pеrsеdiааn bаhаn bаku, mаkа pеrusаhааn dаpаt mеnghеmаt biаyа sеkitаr Rp 386.242.843 Kаtа Kunci : Pеrsеdiааn, Pеrеncаnааn Pеrsеdiааn, Bаhаn Bаku, ЕOQ
ANALISIS PENENTUAN HARGA POKOK PRODUKSI DENGAN METODE ACTIVITY BASED COSTING SYSTEM (SISTEM ABC) (Studi Kasus pada CV. Indah Cemerlang Malang) Ayu Esa Dwi Prastiti; Muhammad Saifi; Zahroh Z.A Zahroh Z. A
Jurnal Administrasi Bisnis Vol 39, No 1 (2016): OKTOBER
Publisher : Fakultas Ilmu Administrasi Universitas Brawijaya

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Abstract

Activity Based Costing System is a method that can reduce distortion the cost of occuring in calculation cost accounting traditional. Distortion cost happened to cost accounting for on traditional accounting system traditional cost using only one cost driver so that of unit produced as a base determine how overhead a product. This study attemps to been given cost accounting traditional in determining the cost of good production and been given  Activity Based Costing System in determining production. This research using methods descriptive the case study located in CV. Indah Cemerlang Malang. The result of this research shows that calculation occuring difference between traditional cost accounting with Activity Based Costing System, paving stone suffered overcosting Rp.16.952.888 , batako suffered undercosting Rp.11.067.402, and beton buis suffered undercosting Rp.5.172.403. CV. Indah Cemerlang expected to replace cost accounting traditional method with the Activity Based Costing System the calculation more accure compared with the cost accounting traditional and can help management in this matter. Keywords : Production Cost Determination, Activity Based Costing System/ ABSTRAK Activity Based Costing System (Sistem ABC) adalah metode yang dapat mengurangi distorsi biaya yang terjadi dalam perhitungan akuntansi biaya traditional. Distorsi biaya terjadi pada akuntansi biaya tradisional karena pada sistem akuntansi biaya tradisional hanya menggunakan satu pemicu biaya yaitu unit yang diproduksi sebagai dasar untuk menentukan berapa biaya overhead suatu produk. Penelitian ini bertujuan untuk mengetahui perhitungan akuntansi biaya tradisional dalam menentukan harga pokok produksi, mengetahui perhitungan Activity Based Costing System dalam menentukan harga pokok produksi. Penelitian ini menggunakan metode deskriptif dengan pendekatan studi kasus yang berlokasi di CV. Indah Cemerlang Malang. Hasil penelitian ini menunjukkan bahwa terjadi perbedaan perhitungan antara akuntansi biaya tradisional dengan menggunakan Activity Based Costing System, paving stone mengalami overcosting Rp.16.952.888, batako mengalami undercosting sebesar Rp.11.067.402, dan beton buis mengalami undercosting sebesar Rp.5.172.403. CV. Indah Cemerlang Malang diharapkan dapat mengganti metode akuntansi biaya tradisional dengan metode Activity Based Costing System dalam menentukan harga pokok produksi karena Activity Based Costing System perhitungannya lebih akurat dibandingkan dengan metode akuntansi biaya tradisional dan dapat membantu pihak manajemen dalam mengambil keputusan. Kata kunci : Penentuan Harga Pokok Produksi, Sistem ABC9
LEVERAGE, PROFITABILITAS DAN NILAI PERUSAHAAN (Studi pada Perusahaan Tektil dan Garment yang Terdaftar di Bursa Efek Indonesia Tahun 2013-2017) Eka Muliawati; Muhammad Saifi
Jurnal Administrasi Bisnis Vol 72, No 2 (2019): JULI
Publisher : Fakultas Ilmu Administrasi Universitas Brawijaya

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Each company funds to finance the company’s operations in order to support the continuity of its business. Source of production costs can be obtained through internal and external sources of the company. Profit is one type of company’s internal resources, while company’s external sources can be obtained from loans creditors to get investment from prospective investors. The value of the company has a large impact on investment decisions for investors because it reflects company’s financial stability and the level of risk faced by the company. Investors tend to choose companies that have a lower level of risk and higher corporate value as factors to consider company’s prospects in the future. Thus, this research aims to identify the influence of DR, LDER, ROA, and NPM to firm value (Tobin’sQ), the purpose of this research is to assist investors in making decisions to invest. The independent variables in this study are DR (X1), LDER (X2), ROA (X3), and NPM (X4), and the dependent variable is firm value using Tobin’sQ (Y). The type of this research is explanatory research with quantitative approach. The objects in this research are textile and garment companies listed in Indonesia Stock Exchange period 2013-2017. Kеywords: Debt Ratio, Long Term Debt to Equity Ratio, Return on Assets, Net Profit Margin, and Tobin’sQ. АBSTRАK Demi mendukung kelancaran usahanya, setiap perusahaan membutuhkan tambahan dana untuk membiayai aktivitas operasional perusahaan. Pendanan untuk memproduksi dapat diperoleh dari sumber intern dan ekstern perusahaan. Sumber intern perusahaan bisa diperoleh dari laba atau keuntungan, sedangkan sumber ektern perusahaan bisa diperoleh dari pinjaman atau hutang dari kreditur untuk mendapatkan investasi dari calon investor. Nilai perusahaan memiliki dampak besar terhadap keputusan investasi bagi investor, hal ini disebabkan nilai perusahaan mencerminkan kestabilan keuangan dan tingkat resiko yang dihadapi perusahaan. Investor cenderung memilih perusahaan yang memiliki tingkat resiko lebih rendah dan memiliki nilai perusahaan yang tinggi karena memiliki prospek yang baik di masa yang akan datang. Penelitian ini bertujuan untuk mengetahui pengaruh DR, LDER, ROA, dan NPM terhadap nilai perusahaan (Tobin’sQ) sehingga dapat membantu investor dalam mengambil keputusan untuk menanamkan modalnya. Variabel independen dalam penelitian ini adalah DR (X1), LDER (X2), ROA (X3), dan NPM (X4) dan variabel dependen adalah nilai perusahaan menggunakan Tobin’sQ (Y). Jenis penelitian yang digunakan yaitu penelitian explanatory research, dengan pendekatan kuantitatif. Penelitian ini mengambil objek perusahaan tekstil dan garment yang terdaftar di Bursa Efek Indonesia periode tahun 2013-2017. Kаtа Kunci: Debt Ratio, Long Term Debt to Equity Ratio, Return on Assets, Net Profit Margin, dan Tobin’sQ.  
ANALISIS KELAYAKAN USAHA DALAM RANGKA RENCANA PENGEMBANGAN USAHA (Studi Kasus Pada PO. Zena Pariwisata Malang) Ashfa Durri; Muhammad Saifi; Devi Farah Azizah
Jurnal Administrasi Bisnis Vol 35, No 2 (2016): JUNI
Publisher : Fakultas Ilmu Administrasi Universitas Brawijaya

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Abstract

Company generally always wanted to grown to be bigger for exist in the future. One of the way that can be used by company is purchasing fixed asset such as vehicle. A feasibility study need to be done by the company when had a development business plan, so that plans can be successfully in accordance with desire. This research aims to determine the feasibility of a business development plan in order to be performed by PO. Zena Pariwisata Malang. This research was descriptive case study approach. This research focuses on market and marketing aspects, management and organization aspects, and financial aspect of the assessment tool that consist of Average Rate of Return, Payback Period, Net Present Value, Profitability Index, and Internal Rate of Return. Interview and documentations of the data collection techniques used in this study. The results obtained show that the company is feasible to perform business development based on assessment of market and marketing aspects, management and organization aspects, and financial aspect. Keywords: Market Aspect, Organization Aspect, Financial Aspect, Net Present Value, Fixed Assets ABSTRAK Perusahaan pada umumnya selalu menginginkan untuk berkembang menjadi lebih besar untuk menjaga kelangsungan hidup di masa yang akan datang. Salah satu cara yang bisa dilakukan oleh perusahaan adalah dengan melakukan pembelian aktiva tetap baru berupa kendaraan. Sebuah studi kelayakan perlu untuk dilakukan pada saat perusahaan memiliki rencana untuk melakukan pengembangan usaha tersebut agar rencana dapat dilakukan dengan berhasil dan sesuai dengan yang diinginkan. Penelitian ini bertujuan untuk mengetahui kelayakan usaha dalam rangka rencana pengembangan usaha yang akan dilakukan oleh PO. Zena Pariwisata Malang. Jenis penelitian ini merupakan deskriptif dengan pendekatan studi kasus. Penelitian ini berfokus pada aspek pasar dan pemasaran, aspek manajemen dan organisasi, serta aspek keuangan dengan alat penilaian kelayakan yang terdiri dari  Average Rate of Return, Payback Period, Net Present Value, Profitability Index, dan Internal Rate of Return. Wawancara dan dokumentasi merupakan teknik pengumpulan data yang digunakan dalam penelitian ini. Hasil yang diperoleh menunjukkan bahwa perusahaan layak untuk melakukan pengembangan usaha berdasarkan penilaian aspek pasar dan pemasaran, aspek manajemen dan organisasi, serta aspek keuangan. Kata Kunci: Aspek Pasar, Aspek Organisasi, Aspek Keuangan, Net Present Value, Aktiva Tetap  
Co-Authors . Dwiatmanto . Fitrawati . Kertahadi . Moch. Dzulkirom, AR . Suhadak . Zahroh Z. A . Zahroh Z.A . Zahroh Z.A. Aan Zainul Arifin Achmad Husaini Aditya Baskara Aditya Fajar Pradana Agum Sulistio Ahmad Fakhruddin Busthomy Akbar Winisa Putra Alfinda Rohmadini Alhania Farahanny Sofyan Ali Auf Koddеh Amalia Sabrina Irianti Ananda Indra Firmana Aqmar Amalina Ari Darmawan Arief Budiman Arrin Prastiwi Widiarti Putri Ashfa Durri Ayu Esa Dwi Prastiti Ayu Trieesnaning Rahmawati Bagus Wasis Santoso Beny Indrasurya Christina Andrya Herawanny Danico Mastur Adiwinata Deasy Kharissa Debby Yusrina Debora Silly Agustina Kristi Depiana Simarmata Devi Farah Azizah Dian Rahmawati Ahmad Putri Duwi Hardianti Dwi Lestari Megawati Dwiatmanto Dwiatmanto Dеwi Saraswati Edy Yulianto Eka Muliawati Elok Maharani Endah Juli Wulandari Fachrizal Yusha Akbar Farras Caesarmas Putri Ferina Nurlaily Fransisca Yaningwati Fungki Prastyananta Gian Eka Alynardina Hany Mustainah Helda Safira Herbowo Sulaiman I Ketut Suada I Nengah Sudjana Imam Rahmantio Imron Jamil Anam Intan Permana Intan Wulandari Julay Xty Ludea Yasuha Khomi Farisi Maela Alfa Fauza Maria Goretti Wi Endang N.P Maria Goretti Wi Endang NP Mei Cyntia Sabrina Tambunan MG Wi Endang NP. Moch Dzulkirom AR Moch. Dzukirom AR. Moch. Dzulkirom AR Moch. Dzulkirom AR. Muhamad Feprianto Muhammad Hanas Adi Putra Nabila Chandra Dita Nadiny Salwaa Alamsah Nani Manik Neka Ayang Sesiady Nengah Sudjana Nina Dwi Hidayati Nora Yacheva Nur Lutfie Umi Laili Pratiwi Putri Widari Putri Widari Raden Rustam Hidayat Rahmawati Fadila Randy Vrila Triaty Renaldo Putra Pratama Ria Ans Kurniati Ria Wijayaningsih Rindy Hartanti Sholihah Rizky Ariyanti Roissatul Nurwahyuni Saiful Bachri Salsabila Sarafina Sasa Elida Sovia Savera Helena Selly Febrianti WP Sri Mangesti Rahayu Suhadak Suhadak Topowijono Topowijono Tyas Kinasih Ulfah Sayyidah Virgy Ayu Kandita Weninggalih Dinihari Widyo Mukti Hastungkoro Yossi Ahsanul Khuluq Yury Prastyanty Zahro ZA Zahro ZA Zahro ZA Zahroh Z.A Zahroh Z. A Zahroh Z.A Zahroh Z.A Zulvinia Nur Salasa