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All Journal JURNAL PENDIDIKAN TAMBUSAI Jurnal Manajemen dan Bisnis SULTANIST: Jurnal Manajemen dan Keuangan Jurnal Proaksi Jurnal Ilmiah Akuntansi Kesatuan JURNAL ILMIAH MAKSITEK Economics and Digital Business Review Visi Sosial Humaniora Jurnal Ilmiah Wahana Pendidikan Jurnal Manajemen dan Bisnis Jurnal Media Informatika Jurnal Ekonomi Strategic: Journal of Management Sciences Journal Business and Management
Raya Panjaitan
Universitas HKBP Nommensen
Religion Agriculture, Biological Sciences & Forestry Arts Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Engineering Health Professions Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Medicine & Pharmacology Public Health Social Sciences Other

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Analysis of Consumer Consideration Factors on Moderated Purchase Decisions in Online Shopping By Consumer Trust (Study on Students of Master of Management Study Program, Postgraduate at HKBP Nommensen University, Medan) Tongam Sihol Nababan; Ferry Panjaitan; Raya Panjaitan; Pasaman Silaban; Pantas H. Silaban
Strategic: Journal of Management Sciences Vol 1 No 2 (2021): Strategic: Journal of Management Sciences
Publisher : Program Pascasarjana (S2-Ilmu Manajemen) Sekolah Tinggi Ilmu Ekonomi Sultan Agung

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (684.69 KB) | DOI: 10.37403/strategic.v1i2.18

Abstract

Objective. This study aims to identify and analyze consumer considerations factors in online purchasing decisions with trust as a moderating variable. Research Methods.This research is an associative research. The population in this study were students of the Study Program of Master of Management, Postgraduate, Universitas HKBP Nommensen Medan who had made online purchases. The number of samples was 80 respondents who were taken using purposive sampling technique. Primary data collection used questionnaires and secondary data collection used literature study. Testing the hypothesis in this study used linear regression analysis and interaction test with a significance value of = 5% (0.05). Results.The results showed that the variables of consumer consideration factors and consumer confidence had a positive and significant effect on online purchasing decisions for students of Postgraduate Management Master Program. Consumer trust was able to strengthen the influence of consumer considerations factors on consumer purchasing decisions online. Conclusion.All aspects contained in these variables consisting of price, product, ease of transaction and transaction security have a significant positive influence on consumer purchasing decisions to shop online. The better and clearer the practice of prices, products, convenience and security of transactions provided by companies or individual online sellers, the easier it is for consumers to make purchasing decisions.
Pengaruh Return On Equity (ROE), Return On Assets (ROA) Dan Net Profit Margin (NPM) Terhadap Harga Saham PT Handjaja Mandala Sampoerna (HMSP) Tbk. Tahun 2011-2020 Josua Parlinggoman Pangaribuan; Raya Panjaitan; Nancy Nopeline
Visi Sosial Humaniora Vol. 3 No. 1 (2022): Visi Sosial Humaniora: Edisi Juni 2022
Publisher : LPPM Universitas HKBP Nommensen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51622/vsh.v3i1.869

Abstract

This study aims to determine the effect of Return On Equity (X1), Return On Assets (X2), and Net Profit Margin (X3) to Stock Price (Y) at PT Handjaja Mandala Sampoerna (HMSP) Tbk. Year 2011-2020. Population in this study are the financial statements of PT Handjaja Mandala Sampoerna (HMSP) Tbk. and the sampling of 40 in this study is financial statements of PT Handjaja Mandala Sampoerna (HMSP) Tbk. quarterly from 2011-2020. Based on the results of multiple linear regression test the regression equation obtained is Y = 3411.421 – 13.683X1 – 15.000X2 + 65.210X3 + e. Based on the results of the partial test, it was found that the variable Return On Equity has a significant effect on Stock Prices, Return On Assets does not significant effect on the Stock Price, While the Net Profit Margin significant effect on Stock Prices. Simultaneous test results it is known that Return On Equity, Return On Assets, and Net Profit Margin do not significant effect on Stock Prices. R Square value in research this is 0.146 which means the ability of the independent variable to explain the dependent variable is 14.6%. The remaining 85.4% is influenced by the variable other than this research model.
PENGARUH FINANCIAL ATTITUDE, SELF EFFICACY, DAN SOZIALIZATION AGENTS TERHADAP PERILAKU MANAJEMEN KEUANGAN PADA MAHASISWA DI KOTA MEDAN: PENGARUH FINANCIAL ATTITUDE, SELF EFFICACY, DAN SOZIALIZATION AGENTS TERHADAP PERILAKU MANAJEMEN KEUANGAN PADA MAHASISWA DI KOTA MEDAN Sibagariang, Carisa Yulia; Panjaitan, Raya; Purba, martin Luter; Simanjuntak, Sri Ida Royani
Journal Business and Management Vol. 2 No. 2 (2024): Journal Business and Management (Oktober 2024)
Publisher : Departemen Manajemen Fakultas Ekonomi dan Bisnis Universitas HKBP Nommensen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51622/jbm.v2i2.2500

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh Financial Attitude, Self Efficacy, dan Socialization Agents terhadap Perilaku Manajemen Keuangan mahasisa Universitas Negeri yang berlokasi di Kota Medan. Populasi dalam penelitian ini yaitu sebanyak 100 orang dan tehnik sampling yang digunakan yaitu simple random sampling, artinya pengambilan anggota sampel dari populasi dilakukan secara acak tanpa memperhatikan strata yang ada dalam populasi itu. Data penelitian diperoleh dari penyebaran kuisioner terhadap mahasiswa Universitas Negeri yang berlokasi di Kota Medan. Teknik analisi data menggunakan analisis regresi linear berganda. Hasil penelitian ini menunjukkan bahwa Financial Attitude berpengaruh positif dan signifikan terhadap perilaku manajemen keuangan. Financial Self Efficacy berpengaruh positif dan tidak signifikan terhadap perilaku manajemen keuangan. Financial Socialization Agents berpengaruh positif dan signifikan terhadap perilaku manajemen keuangan.
STRATEGI PEMERINTAH DAERAH DALAM MENINGKATKAN PENDAPATAN ASLI DAERAH DI TENGAH PANDEMI COVID-19 GEE, HARIANI; PANJAITAN, RAYA; PANJAITAN, FERRY
JURNAL ILMIAH MAKSITEK Vol 6 No 3 (2021): JURNAL ILMIAH MAKSITEK
Publisher : LP2MTBM MAKARIOZ

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The emergence of the Covid-19 pandemic which resulted in disruption of the community's economy which affected the increase in the Regional Original Income of Kabupaten Nias Selatan, of course the Regional Government of Kabupaten Nias Selatan has a strategy in increasing PAD. This study aims to determine the strategy Regional Government Kabupaten Nias Selatan in increasing Regional Original Income during the Covid-19 pandemic. This type of research is qualitative research. Data collection techniques by means of in-depth interviews, documentation. The data analysis technique used in this research is inductive analysis techniques, namely data reduction, data presentation, data verification (make conclusions). The results of the study found that the Covid-19 pandemic had a negative impact on the realization of Regional Original Income, and the Regional Income and Asset Financial Management Agency, especially the Regional Revenue Planning and Evaluation Sector, did not have a new strategy to increase local revenue. In fact, the Regional Government of South Nias Regency lowered its target of Original Regional Revenue in 2020 due to the unstable economy of the community.
ANALYSIS OF THE FINANCIAL PERFORMANCE OF STATE-OWNED ENTERPRISES (BUMN) BANKS BEFORE AND DURING THE COVID-19 PANDEMIC Panjaitan, Raya; Silaban, Pantas H.; Marbun, Roma Narumata
SULTANIST: Jurnal Manajemen dan Keuangan Vol. 11 No. 2 (2023)
Publisher : Sekolah Tinggi Ilmu Ekonomi Sultan Agung Pematangsiantar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37403/sultanist.v11i2.514

Abstract

The research objective was to examine and analyze the effect of Job Satisfaction, Work Discipline, and Promotion on Employee Performance at PT. Sumatra Anugerah Teknindo Perkasa Medan. The population in this study was 167 employees and the sample size in this study was 118 employees. The sampling technique used was random sampling. Data collection techniques used questionnaires, interviews and documentation studies. The data analysis technique uses multiple linear regression analysis. The results of testing the hypothesis partially obtained tcount > ttable or 3.428 > 1.981 and significantly obtained 0.001 <0.05, meaning that partially Job Satisfaction has a positive and significant effect on Employee Performance at PT. Sumatra Anugerah Teknindo Perkasa Medan. The value of tcount > ttable or 4, 610 > 1.981 and the significant obtained is 0.000 <0.05, meaning that partially Work Discipline has a positive and significant effect on Employee Performance at PT. Sumatra Anugerah Teknindo Perkasa Medan.
ANALYSIS OF EFFICIENCY AND ELASTICITY OF LABOR ALLOCATION IN MANUFACTURING INDUSTRY IN INDONESIA Nababan, Tongam Sihol; Panjaitan, Raya; Panjaitan, Ferry; Sihombing, Eriko; Nopeline, Nancy
SULTANIST: Jurnal Manajemen dan Keuangan Vol. 11 No. 2 (2023)
Publisher : Sekolah Tinggi Ilmu Ekonomi Sultan Agung Pematangsiantar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37403/sultanist.v11i2.524

Abstract

AbstractThe purpose of this study is to analyse the level of efficiency and elasticity of the large and medium manufacturing industry sector during 2012 - 2020 in the Indonesian Standard Industrial Classification (ISIC) 2-digit level (major groups 10 to 33), consisting of 24 types of manufacturing sub-industries. In this study, the Cobb-Douglas production function model with linear logarithmic was used to analyse the manufacturing efficiency index. The results showed that: (1) during the period 2012-2020, the production efficiency of the 2-digit ISIC sub-sector (24 sub-sectors) increased on average by 445% or 4. 45 times, (2) all the output elasticity values of the 2-digit ISIC subsector (24 subsectors) were less than one (EL < 1), which showed that the marginal value added of labour was lower than the average value added of labour, so that the additional allocation of labour in large and medium-sized industries tended to reduce the average value added of labour, (3) the highest efficiency index in order were ISIC 26 (computer, electronic and optical products), ISIC 17 (paper and paperboard), ISIC 18 (electrical machinery and equipment), ISIC 19 (machinery and equipment) and ISIC 20 (machinery and equipment); ISIC 17 (paper and paper products); ISIC 31 (furniture) and ISIC 29 (motor vehicles, trailers and semi-trailers).
THE EFFECT OF NARROW MONEY (M1), BROAD MONEY (M2) AND EXCHANGE RATE ON PROFITABILITY OF KBMI 1 AND 2 BANKS Simbolon, Ika Pratiwi; Panjaitan, Raya; Angelia, Nia
SULTANIST: Jurnal Manajemen dan Keuangan Vol. 12 No. 1 (2024)
Publisher : Sekolah Tinggi Ilmu Ekonomi Sultan Agung Pematangsiantar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37403/sultanist.v12i1.571

Abstract

The aim of this research is to analyze the effect of narrow money (M1), broad money (M2) and exchange rates on the profitability of KBMI 1 and 2 banks. This research is quantitative research that relies on numerical data. This study is crucial to deliver valuable informations to investors and management of company. The method of data analysis in this paper is carried out quantitatively which will be measured using statistics through SPSS version 27. The data used in this study is secondary data from January 2018 - December 2023 at KBMI 1 and 2 banks. Based on this study, it can be summarized that M1 and M2 have significant effect to ROA for KBMI 1 Banks. Exchange rate has significant effect to ROA for KBMI 2 Banks. The monetary authority really needs to maintain economic stability by making good monetary policy. This will also have an impact on increasing profitability in the banking sector in Indonesia. The findings of this study can help investors, policy makers, and other stakeholders in making decision and improving the bank performance in the future. This study has several limitations, there’s no investigation further of Return on Asset of the other countries such as developing and developed countries. Researchers who want to conduct research with the same theme are expected to use other variables more specific to Return on Asset. It is hoped that further research will pay attention to other factors that can effect Return on Asset of banking companies.
COMPARATIVE ANALYSIS OF FINANCIAL PERFORMANCE FOR BANKING COMPANIES BASED ON BUKU I AND BUKU IV Panjaitan, Raya; Simbolon, Ika Pratiwi
SULTANIST: Jurnal Manajemen dan Keuangan Vol. 12 No. 2 (2024)
Publisher : Sekolah Tinggi Ilmu Ekonomi Sultan Agung Pematangsiantar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37403/sultanist.v12i2.625

Abstract

The research aim is to test the difference between bank performance as measured by ROA and NIM for BUKU I and BUKU IV Banks in Indonesia. The paper uses monthly data from annual report. There is significant difference between bank performance for BUKU I and BUKU IV. Policy makers, investors and other shareholders should consider the results of this study in making important policies. The performance of banks is quite different if they have different amounts of capital. Regarding the research limitations, future research can use the research object not limited to comparative analysis of banking companies, but more to discover research model for bank performance determinants for each bank categories based on capital. Future research may use longer period for better prediction ability.
INVESTIGATING THE RELATIONSHIP BETWEEN ECONOMIC GROWTH AND HUMAN DEVELOPMENT INDEX: ARE THEY SIMULTANEOUSLY RELATED ? Nababan, Tongam Sihol; Panjaitan, Raya; Panjaitan, Ferry; Napitupulu, Sungguli
SULTANIST: Jurnal Manajemen dan Keuangan Vol. 12 No. 2 (2024)
Publisher : Sekolah Tinggi Ilmu Ekonomi Sultan Agung Pematangsiantar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37403/sultanist.v12i2.653

Abstract

This study aims to investigate and prove whether economic growth and the human development index, each of which is influenced by its determinants, have a simultaneous relationship. The data used is secondary data in the form of panel data from North Sumatra Province consisting of 29 districts / cities for the period 2018 - 2022. The analysis method used is simultaneous equation with two stages least square. The study results show that the variables that have a positive and significant effect on economic growth are the output value variable of large and medium industries and the labor force participation rate variable, while the employment opportunity variable has a negative and significant effect on economic growth. The variables that have a positive and significant effect on the human development index variable are the per capita income variable and the life expectancy variable. However, the economic growth variable has a negative and significant effect on the human development index. By using two stages least square analysis, it is found that economic growth does not have a simultaneous relationship with the human development index variable.
EXPLORING AUTHENTIC LEADERSHIP'S IMPACT ON CREATIVITY AND PERFORMANCE: A STUDY IN THE TOURISM INDUSTRY Silaban, Pantas Hasiholan; Panjaitan, Raya; Damanik, Hanna Meilani
SULTANIST: Jurnal Manajemen dan Keuangan Vol. 12 No. 2 (2024)
Publisher : Sekolah Tinggi Ilmu Ekonomi Sultan Agung Pematangsiantar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37403/sultanist.v12i2.673

Abstract

Kepemimpinan autentik merupakan bentuk dasar kepemimpinan yang diperlukan untuk menciptakan lingkungan kerja yang kompetitif. Khususnya dalam industri pariwisata, konsep ini semakin mendapat perhatian karena fokusnya pada pengembangan kreativitas dan kinerja karyawan. Penelitian ini bertujuan untuk mengeksplorasi pengaruh kepemimpinan autentik terhadap kreativitas dan kinerja karyawan di sektor perhotelan di Sumatera Utara. Penelitian ini menggunakan metode kuantitatif dengan desain penelitian korelasional. Sebanyak 150 responden yang memenuhi kriteria menyelesaikan survei. Semua variabel penelitian dianalisis menggunakan Structural Equation Modeling (SEM) dengan Smart PLS 4.0. Temuan penelitian menunjukkan bahwa kreativitas karyawan dapat meningkatkan kinerja karyawan. Komponen kepemimpinan autentik, yaitu kesadaran diri, transparansi relasional, dan proses yang seimbang, ditemukan dapat mendorong kreativitas karyawan, sedangkan perspektif moral yang terinternalisasi tidak. Hal ini menunjukkan bahwa kreativitas karyawan dapat dipengaruhi oleh pemimpin yang menunjukkan kesadaran diri yang tinggi, keterbukaan dengan timnya, dan proses yang seimbang, yang ditunjukkan dengan perilaku manajerial yang adil yang memotivasi karyawan untuk berpikir dan bertindak lebih kreatif. Namun, nilai-nilai moral yang dianut secara konsisten oleh pemimpin dapat menghambat karyawan dalam mengekspresikan ide-ide kreatifnya. Wawasan ini dapat bermanfaat bagi para manajer, yang menyoroti bahwa kepemimpinan yang tepat dapat berkontribusi pada peningkatan hasil kerja karyawan.
Co-Authors Angelia, Nia Boangmanalu, Ria Salonika DAMANIK, HANNA MEILANI Ernest Grace GEE, HARIANI Hutabarat, Reynaldi Hutajulu, Maulina Inten, Inten Dania Butar Butar Josua Parlinggoman Pangaribuan Julyanthry, Julyanthry K. Simamora, Marsauliana Manalu, Rita P. Manurung , Hiskia Manurung, Nancy Cecilia Manurung, Sinta Marito Marbun, Roma Narumata Maulina Hutajulu Nancy Nopeline Napitupulu, Sungguli Nelly Ervina Nopeline, Nancy Pakpahan, Rani Uli Panjaitan, Elyana Margareta Panjaitan, Ferry Panjaitan, Juni A.T Pantas H Silaban Pasaman Silaban Pasaman Silaban, Pasaman Pasaribu, Fatrycia Aurelia Pinem, Neni Anita Purba, Cindy Braveta Purba, Martin Luter Purba, Rama R. Riny, Riny Saragih, Veny S. Saragih, Yeni Enjelina Siahaan, Jeremy Sibagariang, Carisa Yulia Sidabutar, Herlina Yusrianti Sihombing, Eriko Sijabat, Paulina Martua Silaban, Pantas Hasiholan Silaban, Patar Rifandi Silaban, Rayun A.R Silalahi, Andri D. K. Silalahi, Jhosua Simangunsong, Irmawati Simanjuntak, Nopriani Simanjuntak, Sri Ida Royani Simarmata, Felix C. Simbolon, Ika Pratiwi Sinaga, Leony A.M Sinaga, Renni A.E Sitorus, Eben Ezer Sitorus, Friska Rohayu Situmeang, Debi J. Situmorang, Ririn S.W Sunday Ade Sitorus Tampubolon, Lilianti Tarigan, Mutiara Asnatika Tongam Sihol Nababan Waruwu, Niska S.