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PENGARUH MANAJEMEN MODAL KERJA TERHADAP KINERJA PERUSAHAAN : STUDI PADA PERUSAHAAN-PERUSAHAAN MANUFAKTUR YANG TELAH GO PUBLIK DI BURSA EFEK INDONESIA Silalahi, Donalson; Silalahi, Esli
Jurnal Manajemen dan Bisnis Vol 21 No. 2 Tahun 2021
Publisher : UNIKA Santo Thomas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54367/jmb.v21i2.1406

Abstract

The purpose of this study is to obtain the empirical evidence about the impact of: (a) the average conversion period on company performance. (b) the inventory conversion period on company performance. (c) the average payment period on company performance and (d) the cash conversion cycle on company performance on the Indonesia Stock Exchange. To achieve this goal, research was carried out on manufacturing companies listed on the Indonesia Stock Exchange and the sample size is 48 companies. Thus, the sampling technique in this study used a purposive sampling. The data used in this study is secondary data. All data is obtained from the Indonesia Stock Exchange website. Furthermore, the regression coefficient of each independent variable was tested using the t test and the F test with α 10 percent. Referring to the results of research, the following conclusions can be made: First, the average conversion period has a positive and significant effect on company performance. The ability of the average conversion period in explaining the company's performance is 13.4 percent. Second, the inventory conversion period has a positive and significant effect on company performance. The ability of the inventory conversion period to explain the company's performance by 19.4 percent. Third, the average payment period has a positive and insignificant effect on company performance. The ability of average payment period in explaining the company's performance is 0.9 percent. Fourth, the cash conversion cycle has a positive and significant effect on company performance. The ability of the cash conversion cycle to explain the company's performance by 14.7 percent. Fifth, the cash conversion cycle and the quadratic cash conversion cycle can explain the variation in company performance by 23 percent. Sixth, there is no optimal working capital in the companies under study.
PENGARUH KEPEMILIKAN INSTITUSIONAL TERHADAP LIKUIDITAS PASAR SAHAM: STUDI PADA PERUSAHAAN-PERUSAHAAN MANUFAKTUR YANG TELAH GO PUBLIC DI BURSA EFEK INDONESIA Purba, Saut; Silalahi, Donalson
Jurnal Manajemen dan Bisnis Vol 21 No. 2 Tahun 2021
Publisher : UNIKA Santo Thomas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54367/jmb.v21i2.1408

Abstract

The purpose of this study is to obtain the empirical evidence about the impact of institutional ownership on stock market liquidity in manufacturing companies that have gone public on the Indonesia Stock Exchange. To achieve this goal, research was carried out on the Indonesia Stock Exchange using a research sample of 100 companies included in the manufacturing industry group. In explaining the effect of institutional ownership on stock market liquidity, 2 (two) models are used. The first model only uses institutional ownership as an independent variable, and the second model includes control variables, namely the standard deviation of price and volume of stock trading using the t test and the F test with α (alpha) of 10 percent. Based on the results of research and discussion, several conclusions can be drawn as follows: First, institutional ownership has a negative and significant effect on stock market liquidity and institutional ownership capacity in explaining stock market liquidity of 4.7 percent. Second, institutional ownership has a negative and significant effect on stock market liquidity, standard deviation of stock prices has a negative and significant effect on stock market liquidity, stock trading volume has a moderate and negative effect on stock market liquidity. The ability of these three variables in explaining stock market liquidity is 13.1 percent.Third, institutional ownership can increase stock market liquidity as indicated by the value of the direction coefficient and the level of significance of the variable of institutional ownership and the coefficient of direction and significance level of the standard deviation variable of stock prices.
BEBERAPA FAKTOR YANG MEMPENGARUHI PERINGKAT OBLIGASI PERUSAHAAN NON-KEUANGAN DI BURSA EFEK INDONESIA PERIODE 2017-2020 Situmorang, Paulina Octavia; Silalahi, Donalson
Jurnal Manajemen dan Bisnis Volume 22 No. 1 Tahun 2022
Publisher : UNIKA Santo Thomas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54367/jmb.v22i1.1725

Abstract

This study was conducted to determine the effect of several factors that affect the ratings of non-financial company bonds that have gone public on the Indonesian stock exchange. To achieve this purpose, a study was conducted with a research period of 2017 – 2020 and used purposive sampling as a sampling method and the data were analyzed using multiple regression analysis. The results showed that partially the current ratio had no significant effect on bond ratings, the ratio of debt to equity had a negative and significant effect on bond ratings, and the ratio of net income to total assets had a positive and significant effect on bond ratings. The ability of the three ratios in explaining bond ratings is 51.3 percent.
PERBANDINGAN CAPITAL ASSET PRICING MODEL DAN ARBITRAGE PRICING THEORY DALAM MEMPREDIKSI RETURN SAHAM LQ45 YANG TERDAFTAR DI BURSA EFEK INDONESIA (PERIODE 2018-2020) Gea, Jerni Natalia; Silalahi, Donalson
Jurnal Manajemen dan Bisnis Volume 22 No. 2 Tahun 2022
Publisher : UNIKA Santo Thomas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54367/jmb.v22i2.2150

Abstract

Investors in investing in the capital market need to pay attention to two things, namely: the level of risk and the expected return. In determining the expected return, the CAPM and APT methods can be used. This study is intended to identify and explain which method is more accurate in predicting returns. To achieve this purpose, a study was conducted on the shares of companies included in the LQ45 group on the Indonesia Stock Exchange with a sample of 33 company shares with a research period of 2018 - 2020. By using the t test on MAD it can be stated that: the CAPM method is more accurate in predicting returns expected when compared with the APT method
PENGARUH STRUKTUR AKTIVA, PROFITABILITAS DAN PERTUMBUHAN PENJUALAN TERHADAP STRUKTUR MODAL PADA PERUSAHAAN FOOD AND BEVERAGE DI BURSA EFEK INDONESIA PERIODE 2015-2020 Haloho, Befriana Utami; Silalahi, Donalson
Jurnal Manajemen dan Bisnis Volume 23 No. 1 Tahun 2023
Publisher : UNIKA Santo Thomas

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Abstract

This study aims to determine and explain the effect of asset structure, profitability (return on equity) and sales growth on the capital structure of food and beverage companies on the Indonesia Stock Exchange for the 2015-2020 period. To achieve this goal, a research was conducted using secondary data taken from the Indonesian stock exchange with website: www.idx.co.id. By using purposive sampling, the research sample was 14 companies and used multiple linear regression as an analytical tool. The results show that: First, asset structure has a positive and significant effect on capital structure, profitability (return on equity) has a negative and insignificant effect on capital structure and sales growth has a positive and significant effect on capital structure in food and beverage companies listed on the Indonesian Stock Exchangefor the 2015-2020 period. Second, variations in asset structure, profitability (return on equity) and sales growth are able to explain variations in capital structure by 21.9 percent.
PENGARUH PROFITABILITAS, LIKUIDITAS, UKURAN PERUSAHAAN, STRUKTUR AKTIVA, DAN RISIKO BISNIS TERHADAP STRUKTUR MODAL PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI TAHUN 2018-2021 Silalahi, Donalson; Limbong, Sriladepa; Munthe, Kornel; Sipahutar, Robinson; Purba, Saut
Jurnal Manajemen dan Bisnis Volume 23 No. 2 Tahun 2023
Publisher : UNIKA Santo Thomas

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Abstract

The purpose of this research was to determine and explain the influence of the profitability, liquidity, firm size, asset structure, and business risk on the capital structure of manufacturing companies listed on the Indonesian Stock Exchange for the 2018-2021 period. This research focuses on food and beverage sub-sector manufacturing companies and obtain 30 companies as sample. The data analysis technicque used multiple regression model. The results show that the profitability and liquidity have a negative and significant effect on capital structure. Firm size and asset structure have a negative and insignificant effect on capital structure, and business risk have a positive and insignificant effect on capital structure. Simultaneously that profitability, liquidity, firm size, asset structure, and business risk are able to explain variations in the capital structure of manufacturing companies listed on the Indonesian Stock Exchange for the 2018-2021 period by 46,4 percent.
PENGARUH PELATIHAN, MOTIVASI INTRINSIK DAN EKSTRINSIK TERHADAP KINERJA KARYAWAN PADA PT. PLN (PERSERO) ULP BERASTAGI Silalahi, Donalson; Saragih, Alvyoni
Jurnal Manajemen dan Bisnis Volume 24 No. 1 Tahun 2024
Publisher : UNIKA Santo Thomas

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Abstract

This research aims to determine and explain the influence of training, intrinsic and extrinsic motivation on employee performance. To achieve this goal, research was carried out at PT. PLN (Pesero) ULP Berastagi using the census as a sampling technique obtained a sample of 52 employees. The data used is primary and secondary data. By using multiple regression analysis as an analytical tool, the following results were obtained: Training has a positive and significant effect on employee performance, intrinsic motivation has a positive and significant effect on employee performance, extrinsic motivation has a positive and significant effect on employee performance. Variations in training, intrinsic and extrinsic motivation are able to explain variations in employee performance by 73.8 percent. Intrinsic motivation is the most important variable to maintain for employees with a bachelor's/diploma education and extrinsic motivation is a very important variable for employees with a high school education and the intrinsic motivation variable is a variable that has a consistent impact on employee performance.
PENGARUH SUKU BUNGA, LIKUIDITAS DAN MATURITY TERHADAP HARGA OBLIGASI KORPORASI DI BURSA EFEK INDONESIA Silalahi, Donalson; Ndruru, Devi Sartika
Jurnal Manajemen dan Bisnis Volume 24 No. 2 Tahun 2024
Publisher : UNIKA Santo Thomas

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Abstract

This research aims to determine and explain the influence of interest rates, liquidity and maturity on corporate bond prices on the Indonesian Stock Exchange. This research was conducted on bonds on the Indonesian Stock Exchange with the research period covering the 1st quarter to the 4th quarter of 2020-2022. The population in this study was 705 bond codes, and the sample used was 38 bond codes selected using a purposive sampling method so that 456 observation data were obtained. The analysis technique used in this research is multiple linear regression. The research results show that the interest rate has a negative and significant effect on bond prices with a linear regression coefficient of -2.356 and a significance value of 0.000. Liquidity (trading volume) has an insignificant influence on bond prices with a linear regression coefficient of -0.001 and a significance value of 0.456. Meanwhile, maturity (remaining life) has a positive and significant effect on bond prices with a linear regression coefficient of 0.283 and a significance value of 0.000.
PENGARUH KUALITAS PELAYANAN, HARGA DAN FASILITAS TERHADAP KEPUASAN PASIEN RAWAT JALAN PADA RUMAH SAKIT IMELDA Tambunan, Putri Handini; Silalahi, Donalson; Tarigan, Miska Irani; Tarigan, Imanuel; Sitompul, Pandapotan
Jurnal Manajemen dan Bisnis Volume 25 No. 1 Tahun 2025
Publisher : UNIKA Santo Thomas

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Abstract

This study aims to determine and explain the influence of service quality, prices and facilities on outpatient satisfaction at Imelda Hospital. Data was collected using surveys, documentation and interviews. The research approach used was quantitative, with 100 respondents selected using purposive sampling. The data in this study were analyzed using SPSS. The research results show that service quality, prices and facilities have a good influence. Together they have a positive and significant effect on patient satisfaction. The coefficient of determination value of 0.441 shows that 44.1% of patient satisfaction can be explained by service quality, price and facilities while the remaining 55.9% is explained by other factors such as trust, location and brand image.
PENGARUH KUPON, SISA UMUR OBLIGASI DAN YIELD TO MATURITY TERHADAP HARGA OBLIGASI KORPORASI DI BEI Sigalingging, Maria E.; Silalahi, Donalson
KUKIMA : Kumpulan Karya Ilmiah Manajemen Volume 1 Nomor 1 April 2022
Publisher : LPPM Universitas Katolik Santo Thomas Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54367/kukima.v1i1.1807

Abstract

This study aims to determine and explain the effect of bond coupons, remaining bond life, and yield to maturity on the price of corporate bonds on the Indonesia Stock Exchange. To achieve this goal, a study with a research period of 2017 - 2019 was conducted on 22 companies that issue bonds. By using purposive sampling as a sampling technique, 105 data were observed. The analytical method used is multiple regression analysis. The results showed that the bond coupon variable had a positive and significant effect on bond prices, the remaining life of the bonds had a significant effect on bond prices. The direction of the effect of the remaining life of the bond on the price of the bond depends on the price of the bond, whether the price of the bond is perium or the discount price. Furthermore, yield to maturity has a negative and significant effect on bond prices. The ability of these three variables to explain variations in bond prices is 66.1 percent.