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All Journal Signifikan : Jurnal Ilmu Ekonomi Jurnal Manajemen Teknologi Jurnal Keuangan dan Perbankan JOURNAL OF INDONESIAN ISLAM Journal of Applied Finance & Accounting TEKMAPRO Journal of Industrial Engineering and Management Jurnal Aplikasi Bisnis dan Manajemen (JABM) E-Journal Akuisisi : Jurnal Akuntansi IJBE (Integrated Journal of Business and Economics) International Research Journal of Business Studies (E-Journal) EKONOMIS : Journal of Economics and Business Jurnal Organisasi Dan Manajemen JURNAL MANAJEMEN INDUSTRI DAN LOGISTIK Jurnal Penelitian Kelapa Sawit Owner : Riset dan Jurnal Akuntansi International Journal of Social Science and Business Jurnal Bisnis Terapan Jurnal Muara Sains, Teknologi, Kedokteran dan Ilmu Kesehatan Dinasti International Journal of Management Science Jurnal Akuntansi dan Manajemen The Indonesian Journal of Accounting Research Dinasti International Journal of Digital Business Management Cakrawala Repositori Imwi Budapest International Research and Critics Institute-Journal (BIRCI-Journal): Humanities and Social Sciences Jurnal Ilmu Manajemen Terapan (JIMT) Jurnal Manajemen Pendidikan dan Ilmu Sosial (JMPIS) Dinasti International Journal of Economics, Finance & Accounting (DIJEFA) Journal of Industrial Engineering & Management Research (JIEMAR) Studi Ilmu Manajemen dan Organisasi Interdisciplinary Social Studies Indonesian Journal of International Law International Journal of Science and Society (IJSOC) Indonesian Journal of Multidisciplinary Science East Asian Journal of Multidisciplinary Research (EAJMR) Management Science Research Journal Formosa Journal of Applied Sciences (FJAS) Journal of Law, Poliitic and Humanities JURNAL ECONOMINA JRAP (Jurnal Riset Akuntansi dan Perpajakan) Jurnal Indonesia Sosial Teknologi Cerdika: Jurnal Ilmiah Indonesia Eduvest - Journal of Universal Studies Journal of Business, Management and Social Studies Madani: Multidisciplinary Scientific Journal Jurnal Riset Ekonomi dan Akuntansi e-Jurnal Apresiasi Ekonomi ELIGIBLE : Journal of Social Sciences International Journal of Management Research and Economics Jurnal Riset dan Inovasi Manajemen Jurnal Manajemen dan Pemasaran Digital Jurnal Bisnis dan Ekonomi Jurnal Ilmiah Ekonomi dan Manajemen IIJSE Master Manajemen Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Jurnal Akademi Akuntansi Indonesia Padang JURNAL RUMPUN MANAJEMEN DAN EKONOMI Indonesian Journal of Economics and Strategic Management PROFESOR : Professional Education Studies and Operations Research International Journal of Economics, Management and Accounting Jurnal Siber Multi Disiplin Siber Journal of Advanced Multidisciplinary International Research Journal of Business Studies Pajak dan Manajemen Keuangan Jurnal Manajemen Bisnis Digital Terkini Greenation International Journal of Economics and Accounting Jurnal Pendidikan dan Kebudayaan Nusantara Jurnal Komunikasi dan Ilmu Sosial Dinasti Accounting Review Jurnal Kewirausahan dan Multi Talenta (JKMT) Fibonacci : Jurnal Ilmu Ekonomi, Manajemen dan Keuangan
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Pembentukan Portofolio dengan Elton Gruber dan Pengaruh Makro Ekonomi Rosalinda Manullang, Mitha Debora; Manurung, Adler Haymans; Sinaga, Jhonni; Simorangkir, Panubut
Jurnal Manajemen Vol 20 No 1 (2023)
Publisher : Sekolah Tinggi Ilmu Ekonomi Indonesia (STEI) Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36406/jam.v20i01.946

Abstract

Penelitian ini bertujuan melihat pengaruh tingkat pengembalian portofoilo yang dibentuk oleh Model Elton Gruber dan juga diperbandingkan dengan return Portofolio dengan penimbang sama serta penimbang Kapitalisasi Pasar. Saham-saham pada portofolio merupakan saham yang ada pada Indeks Bisnis 27. Penelitian ini menggunakan data bulanan pada periode 2015 sampai dengan Juni 2022. Hasil riset ini menemukan bahwa Portofolio Penimbang sama mempunyai tingkat pengembalian yan tertinggi sementara tingkat pengembalian portofolio model Elton Gruber dan penimbang kapitalisasi pasar menghasilkan return yang sama. Return Pasar berpengaruh secara signifikan terhadap tiga tingkat pengembalian Portofolio yang dibentuk, sementara nilai kurs, tingkat bunga dan harga minyak tidak berpengaruh terhadap tingkat pengembalian portofolio yang dibentuk .
INTELLECTUAL CAPITAL, INCOME DIVERSIFICATION AND BANK PERFORMANCE IN INDONESIAS REGIONAL DEVELOPMENT BANKS Anggaredho, Panji Patra; Manurung, Adler Haymans; Buchdadi, Agung Dharmawan; Yusuf, Muhammad
Jurnal Apresiasi Ekonomi Vol 12, No 3 (2024)
Publisher : Institut Teknologi dan Ilmu Sosial Khatulistiwa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31846/jae.v12i3.810

Abstract

Indonesia's economic growth has demonstrated quite impressive achievements in recent years due to the support from the banking sector in stimulating the economy. However, the high performance of the national banking has not been aligned by the Regional Development Banks' (BPD) performances. Thus, this study was conducted to investigate variables that affect BPD performance, such as intellectual capital and income diversification. This study also tested the moderating effect of income diversification between intellectual capital on bank performance. This study used panel data containing financial reports for 23 BPDs in Indonesia. We took annual data from the Financial Services Authority of the Republic of Indonesia with an observation period for the last 16 years (2008-2023). The results of this study show that intellectual capital & income diversification have a positive and significant effect on bank performance. Finally, for testing the moderation effect, this study shows that income diversification provides a moderation effect that can significantly weaken the influence of intellectual capital on bank performance.Keywords: Bank performance, Intellectual capital, Income diversification.
Construction capital structure; soe and non-soe in the pandemic era Hariandja, Nancy Megawati; Siregar, Hermanto; Suroso, Arif Imam; Manurung, Adler Haymans
Jurnal Manajemen Industri dan Logistik Vol 6, No 1 (2022): page 01 - 176
Publisher : Politeknik APP Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30988/jmil.v6i2.1000

Abstract

This research aims to actuate the determinants of the capital structure of the state and non-state-owned construction industries during the infrastructure policy and the Covid-19 pandemic periods. Secondary data were collected quarterly from 2013 to 2020 from the Indonesia Stock Exchange (IDX), Bank Indonesia, and the Ministry of Public Works and Public Housing budget using a dynamic panel data with the Generalized Method of Moments. It was found that speed of adjustment, profitability, tangibility, activity, and infrastructure policies affect the capital structure of state-owned construction companies. Meanwhile, speed of adjustment, profitability, tangibility, and exchange rate affect non-state-owned construction companies. The result showed that state-owned and non-state-owned construction companies have a gap of 27.3% and 17.7% %, respectively. Furthermore, both companies have speed adjustment values of 1.38 period and 1.21 period. This means that non-state-owned construction companies' adjustment speed is faster than their state-owned counterpart. Therefore, the decision-making of debt construction companies needs to consider the financial characteristics and ownership of the company.
Determinan Likuiditas Pasar di Bursa Efek Indonesia Sundari Oktaviana; Adler Haymans Manurung; Wirawan Widjanarko; Muhammad Richo Rianto; Jhonni Sinaga
Master Manajemen Vol. 2 No. 3 (2024): Master Manajemen
Publisher : Fakultas Ekonomi & Bisnis, Universitas Nusa Nipa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59603/masman.v2i3.443

Abstract

One of the barometers used by investors to invest in the capital market is by looking at the high level of liquidity. The higher the liquidity of a market, the easier it will be for investors to sell and buy assets according to their portfolio needs and market developments. By evaluating and analyzing the determinants of market liquidity in Indonesia, it can be concluded which factors can affect market liquidity positively or negatively. This study aims to analyze whether variables such as return volatility, market return, and foreign ownership have an influence on market liquidity recorded in the Indonesia Stock Exchange (IDX) from January 2012 to December 2023. This research uses secondary data as a data source and a quantitative approach method. The population used in this study is companies listed in the Business-27 index. The sampling technique used in this study is a purposive sampling method. The results of this study show that return volatility has a positive and significant effect on market liquidity, market return has a negative and insignificant effect on market liquidity, and foreign ownership has a negative and significant effect on market liquidity.
ANALISIS KECURANGAN DALAM PELAPORAN KEUANGAN:BAGIAN DARI BUKTI RASIO KEUANGAN Ade Onny Siagian; Adler Haymans Manurung; Tri Widyastuti; Sugeng Suroso
Jurnal Bisnis Terapan Vol. 8 No. 1 (2024): Jurnal Bisnis Terapan
Publisher : Politeknik Ubaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24123/jbt.v8i1.6266

Abstract

The case study related to the abuses of financial reports is damaging the trust of the public and stakeholders. This research was designed to identify and evaluate the importance of financial ratios in identifying potential fraudulent financial statements of non-financial companies on the Indonesia Stock Exchange. These companies were selected based on the Beneish M-Score as the first sign of fraud. The results of the analysis show that the debt to equity ratio, receivables to income, and current ratio indicate the possibility of fraud. Analyzing the period 2019 to 2023, we find that the current ratio can detect fraud a year earlier. These results suggest that metrics such as debt to equity, receivables to revenue, and current ratio can help detect fraud, potentially benefiting shareholders, regulators, and creditors. The results of this study was still in line those studies which have been conducted before in different parts of Indonesia and at the time or period of time.
Pengaruh Kepemimpinan, Disiplin, Lingkungan Kerja, dan Pelatihan Terhadap Kinerja Karyawan Melalui Motivasi Sebagai Variabel Moderasi pada PT Suzuki Indomobil Motor Triskamto, Triskamto; Haymans Manurung, Adler; Wahyu Hidayat, Wastam
Jurnal Manajemen dan Pemasaran Digital Vol. 2 No. 3 (2024): Jurnal Manajemen dan Pemasaran Digital (Juli - September 2024)
Publisher : Siber Nusantara Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/jmpd.v2i3.230

Abstract

Penelitian ini bertujuan untuk mengidentifikasi dan menganalisis Pengaruh Kepemimpinan, Disiplin, Lingkungan Kerja, dan Pelatihan terhadap Kinerja Karyawan melalui Motivasi sebagai variabel moderasi pada PT Suzuki Indomobil Motor. Metode yang digunakan dalam penelitian ini adalah pendekatan kuantitatif pengumpulan data melalui kuesioner yang dibagikan kepada karyawan dengan jumlah sampel 180 karyawan. Model analisis yang digunakan adalah analisis jalur (path analysis). Hasil penelitian menunjukkan bahwa : 1) Kepemimpinan berpengaruh positif dan signifikan terhadap kinerja karyawan. 2) Disiplin berpengaruh positif dan signifikan terhadap kinerja karyawan. 3) Lingkungan kerja tidak berpengaruh dan tidak signifikan terhadap kinerja karyawan 4) Pelatihan berpengaruh positif terhadap kinerja karyawan. 5) Motivasi tidak mampu memoderasi kepemimpinan, lingkungan kerja dan pelatihan terhadap kinerja karyawan namun mampu memoderasi disiplin terhadap kinerja karyawan. Penelitian ini memberikan kontribusi pentingnya meningkatkan lingkungan kerja dengan cara menyediakan fasilitas yang memadai menyediakan ruang istirahat yang nyaman, membuka jalur komunikasi yang terbuka antara manajemen dan karyawan, menegakkan disiplin dengan menerapkan reward and punishment dan meningkatkan motivasi dengan family gathering melibatkan keluarga karena terbukti dapat meningkatkan kinerja karyawan.
Analisis Forecasting Harga Saham Perbankan Blue Chip Periode Maret 2019 – Maret 2021 Menggunakan Model ARCH-GARCH Manurung, Adler Haymans; Simatupang, Apriani; Puspitasari, Veny Anindya
Eligible : Journal of Social Sciences Vol. 1 No. 1 (2022): ELIGIBLE : Journal of Social Sciences
Publisher : Lembaga Layanan Pendidikan Tinggi Wilayah III DKI Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53276/eligible.v1i1.17

Abstract

Pengambilan keputusan pembelian dan penjualan saham dilakukan beberapa analisis. Salah satu analisis yang digunakan sebelum membeli atau menjual saham adalah forecasting (peramalan). Penelitian ini bertujuan untuk melakukan peramalan harga saham perbankan yang termasuk ke dalam saham-saham bluechip dengan menggunakan model ARCH-GARCH. Metode analisis yang digunakan adalah metode analisis deskriptif kuantitatif. Analisis deskriptif kuantitatif digunakan untuk menggambarkan hasil perhitungan forecasting yang dilakukan. Saham perbankan blue chip yang dimaksud terdiri dari saham BBCA, BBNI, BBRI dan BMRI. Penelitian ini mengungkapkan ramalan saham pilihan jika terjadi fenomena anomali pasar dalam hal ini pandemic covid 19 di hari Rabu. Hasil analisis penelitian menunjukkan bahwa berdasarkan standar deviasi, investor risk averse lebih sesuai memilih BBRI sedangkan investor risk taker lebih sesuai memilih BBCA. Berdasarkan perhitungan RMSE, MAE dan MAPE, maka saham BBRI dan BMRI dapat menjadi saham pilihan karena risikonya lebih rendah selain itu berdasarkan hasil analisis forecasting yang dilakukan harga penutupan saham BBRI memiliki kenaikan yang lebih tinggi dibandingkan saham perbakan bluechip lainnya.
Determinan Struktur Modal Perusahaan Property dan Real Estate Yang Terdaftar di BEI Periode 2017 - 2023 Satrio Waliyudin Azhar; Adler Haymans Manurung; Jhonni Sinaga; Djuni Thamrin; AWN Fikri
JURNAL RUMPUN MANAJEMEN DAN EKONOMI Vol. 1 No. 3 (2024): Juli
Publisher : CV. KAMPUS AKADEMIK PUBLISHING

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61722/jrme.v1i3.2225

Abstract

Determinants of Capital Structure of Property and Real Estate Companies Listed on the IDX for the 2017-2023 Period. The success of a company can be seen from its capital structure. By evaluating achievements by analyzing Return On Assets, Company Size and Company Growth, it can be concluded whether these factors are able to influence the capital structure well or vice versa. This study aims to ROA, Size and Growth whether they have an influence on the capital structure (DER) listed on the Indonesia Stock Exchange (IDX) during the 2017-2023 period. This study uses secondary data as a data source, and a quantitative approach method. The population used in this study are companies listed on the Indonesia Stock Exchange for the 2017-2023 period. The results of this study indicate that ROA, Size and Growth have a positive and significant effect on Capital Structure, ROA has a positive and insignificant effect on Capital Structure, Size has a negative and significant effect on Capital Structure, and Growth has a positive and significant effect on Capital Structure
Moderation Analysis of Inflation and Interest Rates on the Effect of PBV and ROA on the Share Price of the Infrastructure Sector Listed on the IDX Sari, Imelda; Manurung, Adler Haymans; Buchdadi, Agung Dharmawan; Yusuf, Muhammad
PROFESOR : Professional Education Studies and Operations Research Vol. 1 No. 02 (2024): December 2024
Publisher : AGUSPATI RESEARCH INSTITUTA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.7777/srqkcb93

Abstract

 The aim of this study is to analyze the moderation of inflation and interest rates on the influence of PBV and ROA on the price of shares in infrastructure sectors listed in the EIB. Data analysis techniques are descriptive statistical analysis and hypothesis testing using double regression using the statistical program SPSS version 24. The variables in this study consist of three types of variables, namely: 1) Independent variable, i.e. PBV and ROA; 2) Dependent variabel, that is, the price of stocks; 3) Moderation variable: inflation and interest rates. The population in this study is a company in the infrastructure sector that publishes its financial report 10 years back and is listed on the Indonesian Stock Exchange for the period 2017-2022. The results of the study are divided into three parts of the six proposed hypotheses. Hypotheses 1 and 2, i.e. the variables PBV and ROA have a positive and significant influence on the stock price variables. The hypotheses 3 and 6 are that the inflation moderation variables strengthen the influence of PBW on the share price and the interest-rate moderators strengthen ROA on the price of the stock. Samples of research on one infrastructure sector. Further research is suggested to conduct a comparative study between the infrastructure sector with other sectors, such as the technology sector, to see if the same results apply to other industries.
Moderation Firm Size to Intellectual Capital, Commissioner Independent, Sales Growth And Firm Value Margie, Lyandra Aisyah; Manurung, Adler Haymans; Buchdadi, Agung Dharmawan; Yusuf, Muhammad
PROFESOR : Professional Education Studies and Operations Research Vol. 1 No. 02 (2024): December 2024
Publisher : AGUSPATI RESEARCH INSTITUTA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.7777/gmt8cd12

Abstract

The aim of this research is to examine the influence of intellectual capital, independent commissioners and sales growth on firm value with firm size as a moderating variable. The population used is property & real estate sub-sector companies listed on the IDX in 2017-2022. The sample was selected using the purposive sampling method. The results of data processing carried out by researchers were tested using moderated regression analysis (MRA) with the IBM SPSS Statistics Version 25 application. The research results showed that independent commissioners had a significant negative effect on firm value, while intellectual capital and sales growth did not have a significant effect on firm value. Firm size as a significant moderating variable weakens the relationship between independent commissioners and firm value. Meanwhile, firm size is unable to moderate the influence of intellectual capital and sales growth on firm value.
Co-Authors Abdinagoro, Sri Bramantoro Ade Onny Siagian Adyatma Prio Anggoro Agung Dharmawan Buchdadi AGUNG GALIH SATWIKO Ahmad Faqih Syukri Alfian Amran Ali Imron Ambarwati, Eliza Dyah Amran Manurung Amran Manurung, Amran Annisa Lestari Arif Imam Suroso Asih, Kiki Nindya AWN Fikri Aziz, Lukmanul Hakim Azizah Suci Pratiwi Bahtiar Saleh Abbas Budi Paryanti, Atik Carlos, Gerry Juan D.S. Priyarsono D.S. Priyarsono Damayanti, Endah Suci Darmawan, Indra Darminto . Dedi Budiman Hakim Desi, Dona Elvia Djuni Thamrin DODY KURNIAWAN Dominicus Savio Priyarsono Dwi Winarno, Dwi Dwitanto, Ardo Ryan Dyah Budiastuti Edward Efendi Edward Efendi Silalahi Elia Rossa Endah Suci Damayanti Erliza Noor Farah Margaretha Fauziah, Dinda Fikri , Adi Wibowo Noor Fikri, AWN Firdaus, Fairuz Zayyan Gatot Nazir Ahmad Gerry Juan Carlos Gerson Hadita Simamora Hakim , Dedi Budiman Hakim Sangapan, Lukman Hapzi Hapzi Ali Hardiyanti, Siti Epa Hariandja, Nancy Megawati Hasanuddin Hasanuddin Hendri Setiadi Hendriarto, Prasetyono Hermanto Siregar Hibatullah, Fadh Fauzi I Gusti Ketut Agung Ulupui Idel Eprianto Idris Gautama So, Idris Gautama Imelda Sari Indra Darmawan Ivan Jan Jaya Silaen Jhonni Sinaga John E.H.J. Foeh John Sihar Manurung - Josua Panatap Soehaditama Jumawan Khan, Muhammad Asif Kosasih, Wibowo Kurniana Lukman Hakim Sangapan M. Jhonni Sinaga M.Rizal Mangalindung, Giovani Huiser Manurung, Catarina Manurung, Gerson Margie, Lyandra Aisyah Marinda Machdar, Nera Martua Eliakim Tambunan Maula, Dela Azkiatul Monika Sari Siagian, Friska Muhamad Ramdan, Muhamad Muhammad Asif Khan Muhammad Yusuf Munir, Ningky Sasanti NACHROWI D. NACHROWI Narpati, Bintang Nathania yunus, Angeline Nera Marinda Machdar Nimmi Zulbainarni Noer A. Achsani, Noer A. Nopriadi Saputra Novita Sari Nur Khosim Nurcahyaningsih, Astrika Erlin Oktariswan, Dony Oktaviana, Sonya Palti Marulitua Sitorus Pamuji Gesang Raharjo Pamuji Gesang Raharjo Panji Patra Anggaredho, Panji Patra Panubut Simorangkir Paryanti, Atik Budi Pasaribu, Rasnius Prameswari, Syanindita Princes, Elfindah Puspitasari, Veny Anindya Putra, Christophorus Indra Wahyu Rahmadani, Peni Ratnawaty Marginingsih Retno Yuliati Rewang Budi Prasetyo Rezki Adhitia Rianto, Muhammad Richo Robertus Suraji Rony, Zahara Tussoleha Rosalinda Manullang, Mitha Debora Rosma Titis Hapsari Roy Sembel Salsabila Hasani Sangapan, Lukman Sangapan, Lukman Hakim Sangapan, Lukman Hakim Sangapan Satriadi, Dharma Satrio Waliyudin Azhar Sholeh, M Asrorun Niam Silalahi, Edward Efendi Silvana Syah Simatupang, Apriani Sinaga, Jhonni Suci Damayanti, Endah Sudaryono Sugeng Suroso SUGENG SUROSO, SUGENG Sundari Oktaviana Susy Muchtar Sutawidjaya, Ahmad Hidayat Tanti Novianti Tarigan, Paul Augustin Taufik Raharjo, Taufik Tegar Maulana Hidayat Tony Irawan Tri Widyastuti Triskamto, Triskamto Tubagus Ahmad Maulana Tubagus Nur Ahmad Maulana Tubagus Nur Ahmad Maulana Viranti Margaretta Wahyu Hidayat, Wastam Wastam Wahyu Hidayat Widjanarko, Wirawan Willy Cahya Sundara Wirawan Widjanarko Wirawan Widjanarko Wiyandari, Esti Yayan Hendayana Yuliansyah, M. Roby Yulyanah, Yulyanah Zahara Tussoleha Rony Zenal Asikin