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Portfolio business to self-financing of research institution (Case study: Research Institute for Tea and Cinchona) Bestari, Srihadiyati Ayu; Firdaus, M; Suprihatini, Rohayati; Andati, Trias
Jurnal Penelitian Teh dan Kina Vol 19, No 1 (2016)
Publisher : Research Institute for Tea and Cinchona

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (425.476 KB) | DOI: 10.22302/pptk.jur.jptk.v19i1.99

Abstract

Case of business portfolio for self financing of  Indonesia Research Institute for Tea and Cinchona is very interesting to study. In general, the research institute of tea in tea producing countries in the world receive finan­cing from the funds cess or levy or Government Budget. In PPTK, is a very rare case because the status of PPTK is a corporate. The unit of research and development as a cost center to produce innovations to increase the compe­titiveness of national commodity tea as well as Cinchona, should be financed from the portfolio business unit. Therefore, portfolio business strategies are needed in order to play optimally the role of  PPTK accordance with its mandate. The method used to determine the position of corporate is SWOT analysis especially  method to the value of  IFE and EFE. Furthermore, to determine the position and strategize potfolio business units use Boston Consulting Group (BCG) matrix. The results showed that the value of its IFE and EFE (-0.14; 0.11) is in quadrant II that  position of stability/ratio­nalization, which led to the Selective Main­tenance Strategy. BCG matrix of the mapping results, the majority of the business portfolio in PPTK be in the Quetion Mark. One business unit shoul be divested is Stevia estate due to its position of the Dog business group. Meanwhile, the business unit of  Cash Cow group are unit of garden and black tea factory and tea experiment garden of Simalungun. In order to better self financing of PPTK, several business units in the group of Question Mark with specific strategies should be push to move into the star groups, namely (1) unit of superior plant material production of tea and cinchona; (2) unit of garden and green tea factory; (3) laboratory services and expertise; and (4) unit of production of white tea and tea packaging.
Font Size: Small Medium Large Economic Sector Portfolio Optimization in the Commercial and Retail Segments Sulistyorini, Diah Diana; Hartoyo, Sri; Andati, Trias
BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi Vol. 22, No. 1
Publisher : UI Scholars Hub

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

Abstract

Credit disbursement is an investment decision in the banking business. Therefore, the concept of "high risk high return" becomes the focus of banks in managing credit. One of the effort of these banks to manage risk and enhancing/ increasing returns is forming their portfolio. This research was conducted in one of the state banks in Indonesia, which has the goal of increasing lending in the retail and commercial segments. Single Index Model is used to find the optimal composition of the economic sector. This model recommends economic sectors into the portfolio on the basis of Excess Return to Beta, which represents the difference between the rates of return in the form of interest income with a risk-free asset returns, divided by beta sectors of the economy itself. The results showed that the return portfolio can be improved and the risks derived using that approach. Banking business purpose is the return and growth so that the portfolio optimization needs to be supported with other parameters when the economic sectors that are not recommended put in a portfolio. Analysis of the performance of RAROC is a performance metric that of performance that computes net profit after adjusting for potential losses than capital allocation, can be used to help the formation of portfolios that received the return and risk are still in line with expectations.
STRATEGI PENGUATAN SISTEM PENGENDALIAN INTERN DALAM PENATAUSAHAAN BARANG MILIK DAERAH KABUPATEN BOGOR Anthoni, Richard; Rachmina, Dwi; Andati, Trias
Jurnal Manajemen Pembangunan Daerah Vol. 8 No. 2 (2016)
Publisher : Program Studi Manajemen Pembangunan Daerah. Fakultas Ekonomi dan Manajemen. IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (709 KB) | DOI: 10.29244/jurnal_mpd.v8i2.24822

Abstract

The report of examination of the Supreme Audit Agency (BPK) in Bogor Regency Government has always found the weaknesses of internal control sistem in administering of fixed assets. One of them had a significant impact on the qualified opinion (WDP) of their financial statements in 2010-2014. This research aimed to evaluate the implementation of internal control sistem on the fixed assets administration within Bogor Regency Government by using the criteria in COSO and the Government Regulation Number 60 Year 2008 on the Government Internal Control Sistem. According to perception of the statement of 65 respondents resulted in a score of 2.89 (Likert scale of 4) / 72.35 % included in less category. In formulating the alternative strategies a SWOT analysis was used, while the determining main strategy used QSPM analysis as continuation of the SWOT analysis. The resulting strategy was increasing the quantity and quality of human resources, monitoring fixed assets and risk mitigation supported by the information technology. ABSTRAKHasil pemeriksaan yang dilakukan oleh BPK pada Pemerintah Kabupaten Bogor setiap tahunnya selalu menemukan kelemahan-kelemahan system pengendalian intern dalam penatausahaan barang milik daerah. Salah satu dampaknya adalah opini laporan keuangan Kabupaten Bogor dari tahun 2010-2014 meraih Wajar Dengan Pengecualian (WDP). Penelitian ini bertujuan untuk melakukan evaluasi implementasi system pengendalian intern dalam penatausahaan barang milik daerah berdasarkan kriteria COSO dan PP Nomor 60 Tahun 2008. Berdasarkan persepsi 65 responden penelitian dihasilkan skor 2,89 (likert skala 4)/72.35% dengan kriteria kurang baik Dalam merumuskan alternative strategi digunakan analisis SWOT, sedangkan dalam menentukan prioritas strategi digunakan analisis QSPM yang merupakan lanjutan SWOT. Prioritas strategi yang dihasilkan adalah peningkatan kuantitas dan kualitas SDM, pengawasan barang milik daerah, dan mitigasi risiko yang didukung pemanfaatan teknologi informasi.
Influence of the Quality of Implementation of Islamic Corporate Governance and Complexity on the Frequency of Fraud in Sharia Banking in Indonesia Suharto, Suharto; DS, Priyarsono; Andati, Trias
Budapest International Research and Critics Institute-Journal (BIRCI-Journal) Vol 4, No 4 (2021): Budapest International Research and Critics Institute November
Publisher : Budapest International Research and Critics University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33258/birci.v4i4.3394

Abstract

The purpose of this study is to explore the quality of Islamic Corporate Governance in sharia banking in Indonesia and analyze the effect of the quality of Islamic Corporate Governance implementation and bank complexity on the frequency of fraud in sharia banking in Indonesia from 2011 through 2020. This study uses a descriptive method with a quantitative approach. The population in this study were all Indonesian sharia commercial banks based on banking statistics issued by the Financial Services Authority (OJK) in December 2020, which were 14 sharia commercial banking, then selected by the purposive sampling method using sharia commercial banking criteria that reported a complete self-assessment report during 2011 – 2020, which is as many as 10 sharia commercial banking. The type of data used is secondary data whose data collection is carried out by online data search methods through website searches. The data analysis method used panel data regression. The results of the study showed that the quality of Islamic Corporate Governance implementation at sharia commercial banking during 2011 - 2020 on average had a "good" predicate, minimum value (best implementation quality "very good", and maximum value (lowest implementation quality " good enough". The implementation of Islamic Corporate Governance in sharia commercial banking BUKU III is better than sharia commercial banking BUKU II and BUKU I. The results also show that the quality of Islamic Corporate Governance implementation has a significant effect on fraud with an estimated coefficient of 1.3251, meaning that if the composite ICG value increases (the quality of ICG implementation decreases) by 1 unit, then fraud will increase by 1.3251 units. Then, the complexity has no effect on the frequency of fraud with a probability value of 0.1651 > 0.05 (α=5%), meaning that the complexity of banks is reflected in the category of BUKU 1 banks has the same level of fraud as BUKU II and III banks.
The Factors of Initial Return Related to IPO Companies on The Indonesia Stock Exchange Widyawati, Glynae; Juanda, Bambang; Andati, Trias
Journal of Consumer Sciences Vol. 4 No. 2 (2019): Journal of Consumer Sciences
Publisher : Department of Family and Consumer Sciences, Faculty of Human Ecology, IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (713.292 KB) | DOI: 10.29244/jcs.4.2.119-135

Abstract

Companies that conduct IPOs will increase company’s value with an optimal capital structure. Initial return is a profit that investors can obtain from the initial share price is lower than the opening price of the secondary shares on the first day. Underpricing conditions occurs because the initial stock price is lower than the secondary stock price on the first day. This study aimed to analyze factors that impact initial returns on companies that conduct IPOs on the Indonesia Stock Exchange, analyze the effects of financial factors (ROE, DER, and BI Rate) and non-financial factors (professional auditors and underwriters) on initial returns to companies conducting IPOs in IDX, and how the behavior of investors towards those analysis. The linear regression data processing using SPSS 16 produced result that only the BI Rate variable which affected the initial return on the seven days, 30 days, and one year after the IPO observation period. The statistical results show the best r-square value is 17.6 percent, which means that the independent variables can be used to explain the effect to the initial return on 17.6 percent.
A Strategy Map Model to Improve The Efficiency of Indonesian Banks Mulyana, Rahmat; Achsani, Noer Azam; Andati, Trias; Maulana, Tubagus N.A.
Jurnal Manajemen & Agribisnis Vol. 19 No. 3 (2022): JMA Vol. 19 No. 3, November 2022
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jma.19.3.471

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This study approaches the problem of banking efficiency in an innovative way. It aims to identify workable solutions for enhancing the efficiency of Indonesian banks as something that is very important after this pandemic Covid-19 time. In order to build a strategy map model, the research is divided into four steps: (1) a desk study of best practices for enhancing banking efficiency; (2) a survey for choosing strategies; (3) a focus group discussion to identify relationships among strategies; and (4) an Analytic Network Process (ANP) modeling to prioritize and build a strategy map model. According to the Strategy Map, the following areas should be prioritized for efficiency improvement: Financial, Customer Value, Learning and Growth, and Internal Process. Indonesian bankers could allocate limited resources in ways that would boost the efficiency of the majority of banks based on the designed strategy map. Despite the fact that these strategy maps are not universal, the research shows that the suggested method is a practical and objective way to create more justified strategy maps. Keywords: banking efficiency, bank performance, efficiency strategy, strategy map, ANP
A Text Analytic on Dynamic Capability Yudistira, Yudi; Arkeman , Yandra; Andati, Trias; Jahroh , Siti
International Journal of Economics, Business, and Entrepreneurship Vol 5 No 2 (2022): IJEBE July - December 2022
Publisher : FEB - Universitas Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23960/ijebe.v5i2.224

Abstract

Business strategy is a variable that affects the use of financial and non-financial performance metrics by firms. Companies use financial and non-financial performance measurements as a source of information to make continuous changes. This constant improvement encourages the development of dynamic capabilities so that the business may compete effectively in an environment of intense competition. A company's business plan serves as a guide for enhancing its fundamental skills. Unique resources in the form of dynamic capabilities represent core competences. Companies have diverse dynamic capabilities. This distinction provides a corporation with a competitive advantage over its rivals. This study aims to identify the published development map and trend of Dynamic Capability from trustworthy sources. More than 873 Scopus-indexed research publications were reviewed. The export data is then processed and analyzed with the R Biblioshiny program to generate the development map for Dynamic Capability. According to the study's findings, the number of publications on the evolution of research's function continues to climb. In addition, the study draws a number of important findings about Dynamic Capability and the direction of future research development.
Effects Of Coupon, Maturity, Liquidity, And Bond Rating On The Yields Of Banking Bonds Putri, Rizavia Mardhika; Siregar, Hermanto; Andati, Trias
Jurnal Ilmiah Bisnis dan Ekonomi Asia Vol 14 No 1 (2020): Jurnal Ilmiah Bisnis dan Ekonomi Asia
Publisher : LP2M Institut Teknologi dan Bisnis Asia Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32812/jibeka.v14i1.125

Abstract

Banks as bond issuers must be able to offer attractive bond yields to investors. The study aims to determine the effect of characteristics of bonds such as coupons, maturity, liquidity and rating of bonds to bond yields. In addition, in the study also forecasting the yield of banking bonds in the next year. The sample in this study is BUKU 3 Bank bonds that are actively traded in the Indonesian bond market, with a purposive random sampling technique, then a sample of 14 bonds is selected from 7 banks. The data analysis technique uses panel data regression with the fixed effect model. The results showing coupons and maturities have a significant positive effect, then the rating variable bonds have a negative effect on bond yields. While the variable liquidity has no effect on bond yields. Forecasting results of bond yields using a time series forecasting relationship model of 14 bonds in the sample there are 13 bonds showing a decreasing yield trend and only 1 bond showing an increasing yield trend.
Estimasi Efisiensi Teknis Perbankan Indonesia Berbasis Stochastic Frontier Analysis Mulyana, Rahmat; Achsani, Noer Azam; Andati, Trias; Maulana, Tubagus Nur Ahmad; Pratama, Alfin Yoga
Technomedia Journal Vol 7 No 2 October (2022): TMJ (Technomedia Journal)
Publisher : Pandawan Incorporation, Alphabet Incubator Universitas Raharja

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (872.783 KB) | DOI: 10.33050/tmj.v7i2.1897

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Indonesia's banking efficiency is still a concern for many stakeholders, especially with the challenges to compete in the era of the ASEAN Economic Community. This study estimates the value of banking technical efficiency using Stochastic Frontier Analysis and shows that the numbers have not improved significantly in the last ten years. From the time-varrying SFA model it appears that the national banking industry experienced a decline in efficiency from 2007-2009, most likely due to the impact of the world financial crisis but improved again in 2010 and so on at a certain average level until 2016. Hausman test results from three SFA models show that the time-invariant model is statistically better so that it can be concluded that banking efficiency has stagnated over the past decade (2007-2016). The measurement result of Indonesian banking technical efficiency in that period have an average value of 0.677.
EXTERNAL FACTORS WITH GOVERNMENT AND COMPANY POLICIES THAT HAVE AN IMPACT ON THE DEBT SERVICE COVERAGE RATIO OF COAL COMPANIES Hermawan, Irwan; Sinaga, Bonar M.; Andati, Trias
Jurnal Aplikasi Manajemen Vol. 18 No. 2 (2020)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.jam.2020.018.02.18

Abstract

Coal companies are industries that require large capital in building their industries, therefore companies must be able to know what external factors and internal factors that can affect financial performance and DSCR. This study uses a quantitative approach with secondary data from 4 coal companies listed on the IDX in 2011-2018. In this study structural and identity, equations are used with the 2SLS method. The results showed that (1) DSCR conditions, companies that had financial flexibility, with DSCR above the minimum requirements namely ADRO, INDY, and PTBA but BYAN did not have (2) the number of coal exports was influenced by the difference in Chinese GDP and the number of export coal sales, the number of domestic coal sales is influenced by differences in Indonesian GDP and the number of domestic coal sales. EBIT which is the company's profitability performance is affected by gross profit. FCF is the company's liquidity performance which is influenced by EBITDA and CAPEX. Principal payments are the company's liquidity performance that is affected by liabilities. DSCR, corporate solvency performance is influenced by the principal payment ratio, (3) the decline in Chinese GDP is anticipated by lowering production costs, general and administrative costs, sales and marketing costs, and CAPEX, have an impact on increasing the financial flexibility of the company and its DSCR. If The amount of DMO is added and the domestic coal price was set by the government or by market price, it impacted on increasing the financial flexibility of the company and its DSCR.