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All Journal Jurnal Bisnis, Manajemen, dan Informatika Hasanuddin Journal of Applied Business and Entrepreneurship JPP IPTEK (Jurnal Pengabdian dan Penerapan IPTEK) Jurnal Sistem Informasi, Manajemen, dan Akuntansi (SIMAK) Jurnal Ilmiah Edunomika (JIE) HASANUDDIN JOURNAL OF BUSINESS STRATEGY Paulus Journal of Accounting (PJA)
Cepi Pahlevi
Universitas Hasanuddin
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Mathematics Social Sciences Other

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Journal : Hasanuddin Journal of Applied Business and Entrepreneurship

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ANALISIS PELUANG MERGER BANK PERKREDITAN RAKYAT TERHADAP KINERJA BANK (STUDI KASUS BANK PERKREDITAN RAKYAT BAHTERAMAS DI PROVINSI SULAWESI TENGGARA) Maria Regina Rosario Sianturi; Cepi Pahlevi; Muhammad Sobarsyah
Hasanuddin Journal of Applied Business and Entrepreneurship Vol 1 No 3 (2018)
Publisher : Master of Management, Faculty of Economics and Business, Hasanuddin University.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hjabe.v1i3.93

Abstract

Good company performance can be seen from its efficiency. This study aims to determine to know the effect of merger by Rural Banks of Bahteramas in Southeast Sulawesi Province to the financial performance and efficiency. The type of this research is descriptive research, which is research which describe a problem that exist at the present time based on the way of collecting data, arrange it, explain it, analyze and draw conclusion. The study was prepared based on the financial statements of 12 Rural Banks of Bahteramas Southeast Sulawesi and has published financial statements in the period 2014 to 2016 that have been audited. The process of collecting research data conducted on the Financial Services Authority (OJK) from September until November 2017 until the necessary data has been obtained and complete. The results of the research show that from BPR Bahteramas ratios analysis, there are some Bahcam Rural Bureau of Southeast Sulawesi which still shows inefficiency condition but some BPR have good financial efficiency and performance condition, market ratio ratio analysis using HHI and CR4 is known that some BPR still dominate market share of BPR Bahtermas customers in Southeast Sulawesi. In this case still shows the oligopoly market, while for the existing bank organizational structure is still in the category of big. In a sense, the ranks of organizations within the bank is wide enough, so that in terms of operational financing also swell.
FAKTOR-FAKTOR PENENTU PERTUMBUHAN LABA (STUDI KASUS PERUSAHAAN TERDAFTAR PADA INDEX LQ-45 BURSA EFEK INDONESIA PERIODE 2012-2016) Fatwal Sam; Cepi Pahlevi; Erlina Pakki
Hasanuddin Journal of Applied Business and Entrepreneurship Vol 1 No 4 (2018)
Publisher : Master of Management, Faculty of Economics and Business, Hasanuddin University.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hjabe.v1i4.129

Abstract

Companies as one form of organization in general have a specific goal to be achieved. One of the company's main objectives is to meet the interests of investors. This study aims to examine the effect of these financial ratios on profit growth, especially in companies listed on the index LQ 45 Indonesia Stock Exchange period 2012 to 2016. This research method using quantitative methods of research that emphasizes the testing of theories through the measurement of research variables with numbers and perform data analysis with statistical procedures. This study is based on the financial statements of companies listed in the LQ-45 index of the Indonesia Stock Exchange and has published financial statements in the period 2012 to 2016 that have been audited. The result of this research is Working Capital to Total Asset (WCTA) ratio has positive effect to profit growth, current ratio ratio (CR) has negative effect to profit growth. Debt to Equity Ratio (DER) has negative influence to profit growth, Turn Asset Total Asset ratio (TAT) has positive effect to profit growth, Net Profit Margin Ratio (NPM) has positive effect to profit growth, while Gross Profit Margin Ratio (GPM) to profit growth.
ANALISIS KINERJA BERDASARKAN BALANCED SCORECARD DEPARTEMEN CAPITAL DAN PROJECT MANAGEMENT PT. VALE INDONESIA TBK DI TAHUN 2015 Rusmin Muliadi; Cepi Pahlevi; Mursalim Nohong
Hasanuddin Journal of Applied Business and Entrepreneurship Vol 1 No 4 (2018)
Publisher : Master of Management, Faculty of Economics and Business, Hasanuddin University.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hjabe.v1i4.132

Abstract

Performance appraisal plays an important role in the business world, because with the performance appraisal can be known the effectiveness of the determination of a strategy and its application within a certain period. Performance appraisal can detect weaknesses or deficiencies that still exist within the company, for further improvement in the future. This research was conducted at PT. Vale Indonesia Tbk. Department of Capital and Project Management. Data were collected using questionnaires, interviews, and observations. After all data collected and processed then performed data analysis using Financial Perspective Analysis, Data Analysis Questionnaire, then diguanakan tools balance scorcard. The results of this study can be seen from several aspects that are based on the assessment of customer perspective variables above, the total value of overall customer perspective of 3.49, the financial perspective of Capital and Project Management Department seen from the ratio of liquidity and solvalitas better than the standard size industry. When viewed from the ratio of activities, the collection period is better and total asset turnover is below industry value, while the cost recovery rate of Capital and Project Management Department is above ideal value, the three variables from the process perspective, the overall value of internal business process perspective performance is 3 , 66 which can be categorized good enough, variable of learning perspective and growth above, hence can be calculated value of whole variable of learning and growth perspective equal to 3,68 and the value entered in category enough baik.Balanced Scoreccard can measure performance which include financial perspective, Customer, internal business process perspective, and learning and growth perspective to obtain recapitulation of all aspects.
PENGARUH KEPUTUSAN KEUANGAN TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABELMODERATING Stella Butje; Cepi Pahlevi; Erlina Pakki
Hasanuddin Journal of Applied Business and Entrepreneurship Vol 2 No 1 (2019)
Publisher : Master of Management, Faculty of Economics and Business, Hasanuddin University.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hjabe.v2i1.145

Abstract

The value of the company is affected by a number of internal factors of the company where these factors are often used by potential investors in assessing the company's ability in an attempt to increase the value of the company. This study aims to provide empirical evidence on the influence of dividend policy, debt policy and investment policy on the value of manufacturing companies of various industry sub-sector listed in Indonesia Stock Exchange period 2012-2016. To test and provide empirical evidence on whether profitability can moderate the effect of dividend policy, debt policy and investment policy on the value of manufacturing companies of various industry sub-sectors listed in Indonesia Stock Exchange period 2012-2016. The result of empirical analysis that dividend policy have positive and significant effect to company value. Debt policy (DER) has a positive and significant impact on company value. Investment policy has a positive and significant effect on company value. Interaction test found that profitability can not moderate the influence of dividend policy to firm value. Interaction test results obtained findings that profitability can moderate the influence between debt policy to profitability and profitability can not moderate the influence of investment policy on the value of manufacturing companies’ sub-sector miscellaneous industries listed in Indonesia Stock Exchange 2012-2016.
STRATEGI PENGELOLAAN RUMAH PEMOTONGAN HEWAN RUMINANSIA (RPH-R) MOPAHDALAM MENINGKATKAN PENDAPATAN ASLI DAERAH (PAD) KABUPATEN MERAUKE Anthonia Lobwaer; Cepi Pahlevi; Andi Ratna Sari Dewi
Hasanuddin Journal of Applied Business and Entrepreneurship Vol 2 No 2 (2019)
Publisher : Master of Management, Faculty of Economics and Business, Hasanuddin University.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hjabe.v2i2.200

Abstract

Government policies that restrict imports of beef also lead to high domestic beef prices. This study aims to identify internal and external strategic factors that become strengths, weaknesses, opportunities and threats and formulate the right strategy for the management of RPH-R Mopah in increasing the PAD of Merauke Regency. This research uses descriptive approach with qualitative and quantitative research type. Qualitative methods will be used in the stage of collecting various data required and reduce the gnats in accordance with the needs of this research then at the stage of the analysis will use quantitative methods. The results of research indicate the strategic factors that become the strength is Access to information and regulation, Financing and infrastructure facilities. the number and skills of officers pengolala and socialization and promotion are the strategic factors that become weaknesses. market, regulation, technological development of animal husbandry and area potency are stratgeis factors which give opportunity to increase retribution of RPH-R Mopah as one of source of PAD and transportation outside Merauke Regency become strategic factors become threat. Alternative strategies obtained in this study can be ranked based on the highest attractiveness to the lowest as follows: Increase in Number and Skills of Human Resources (7.70), Improved Supervision of Cutting and Circulation of Meat (7.60), Regulatory Improvement (7,13) Socialization and Promotion Efforts (6.43), Addition of Other PAD Source from RPH-R Mopah (5.82) and Addition of Operating hours (5.83).
VALUASI HARGA SAHAM PERDANA PT. BINTRACO DHARMA TBK Tarsimin Tarsimin; Cepi Pahlevi; Muhammad Sobarsyah
Hasanuddin Journal of Applied Business and Entrepreneurship Vol 2 No 2 (2019)
Publisher : Master of Management, Faculty of Economics and Business, Hasanuddin University.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hjabe.v2i2.201

Abstract

Valuation of initial share price must be undertaken by companies that conduct an initial public offering (IPO). This study aims to assess the initial stock price made by PT. Bintraco Dharma, Tbk a car sales and finance company. The design of this study uses data proposed sampling collected by researchers from various sources such as company websites, automotive related agencies and departments as well as website provider financial reports and stock prices on the Indonesia Stock Exchange. The result of research with three valuation methods used by the researcher shows that the initial share offering of PT. Bintraco Dharma, Tbk for Rp 1,750, - is undervalued because each method produces valuation value above the offering price ie discounted free cash flow to the firm stock price Rp 1.967, -, the relative valuation method with the average price to earnings ratio industry based on 10 automotive companies in BEI Rp 2.472, - and method of price to earnings ratio with multivariate regression analysis resulted in price Rp 2.084,. Multivariate analysis showed that return on asset (P = 0.0081 <0.5%) had a significant influence on price to earnings ratio while the other four variable such as dividend payout ratio, cost of debt, debt to equity ratio, and risk (beta) earnings ratio for shares of PT. Bintraco Dhama, Tbk is less significant. The result of determination test shows the value of R-square = 0.1603 or about 16.03% stock price is determined by the independent variable used in the research and the rest (83.97%) is determined by other factors, so that the next researchers can do the valuation by using variables other than used in this research. It was concluded that PT. Bintraco Dharma, Tbk is offered undervalued based on valuation using three methods used in this research, so that investors should buy and hold within a certain period until the price approaches its intrinsic value considering the good fundamentals of the company several years.
The Effect of Job Promotion and Mutation on Performance of Universitas Hasanuddin Civil Servant through Job Satisfaction. Nurmawati Nurmawati; Cepi Pahlevi; Mursalim Nohong
Hasanuddin Journal of Applied Business and Entrepreneurship Vol 3 No 3 (2020)
Publisher : Master of Management, Faculty of Economics and Business, Hasanuddin University.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hjabe.v3i3.341

Abstract

This study aims to analyze the effect of position and mutation on the performance of Hasanuddin University civil servants mediated by job satisfaction. This study uses a non probability sampling technique, so that all populations are sampled as many as 81 civil servant respondents within the Faculty of Engineering, Hasanuddin University. The research data was obtained from a questionnaire (primary), literature study and direct interviews with relevant parties according to the purpose of the study. The analysis technique uses multiple regression analysis consisting of structural models, measurement models and the sobel method. The results showed that, promotion had a positive and significant effect on job satisfaction showed, mutation had a positive and significant effect on job satisfaction indicating, job satisfaction had a positive and significant effect on performance, promotion had no positive and significant effect on performance, promotion had an effect on performance if mediated by job satisfaction variables, mutations have a positive and significant effect on performance mediated by job satisfaction.
ANALYSIS OF INTERNAL EFFECT ON CORPORATE VALUES WITH EXCHANGE RATE AS MODERATED VARIABLES (Case Study of Food and Beverage Companies Listed on the Indonesia Stock Exchange in 2014-2018) Erniwati Erniwati; Cepi Pahlevi; Andi Aswan
Hasanuddin Journal of Applied Business and Entrepreneurship Vol 3 No 4 (2020)
Publisher : Master of Management, Faculty of Economics and Business, Hasanuddin University.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hjabe.v3i4.379

Abstract

This study aims to analyze the effect of profitability, sales growth, capital costs, and asset growth on firm value, and analyze the exchange rate moderating the effect of profitability, sales growth, capital costs, and asset growth on firm value. The sample used is the Food and Beverage sub-sector companies listed on the Stock Exchange totaling 12 companies, data collection techniques through observation and websites. Data analysis techniques using moderate regression analysis (MRA). The findings show that ROA has a significant and positive effect on firm value, WACC has a significant and negative effect on firm value, sales growth has no effect on firm value, asset growth has no effect on firm value. The exchange rate against company value is not significant, while the moderating variable of the exchange rate moderates the relationship between the effect of profitability on company value, the exchange rate that moderates the relationship between the effect of capital costs on company value, the exchange rate does not have the potential to be a moderating variable that affects the strength of the relationship between growth variables sales with the value of the company, and the exchange rate does not have the potential to be a moderating variable that affects the strength of the relationship between the variable growth of assets with the value of the company.
The Effect of Capital Structure and Dividend Policy on Firm Value with Profitability as an Intervening Variable (Study of Companies Listed on the LQ 45 Index on the Indonesia Stock Exchange 2014 - 2018 Period) Lanny Tandean; Cepi Pahlevi; Ria Mardiana Yusuf
Hasanuddin Journal of Applied Business and Entrepreneurship Vol 4 No 3 (2021)
Publisher : Master of Management, Faculty of Economics and Business, Hasanuddin University.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hjabe.v4i3.464

Abstract

This study aims to analyze the effect of capital structure, dividend policy on firm value in companies listed on the LQ 45 index on the Indonesia Stock Exchange with Profitability as an intervening variable. This study uses secondary data with purposive sampling method. The sample of this research is 25 companies with the amount of data observed is 125 data. The hypothesis test used in this study is Path Analysis with IBM SPSS software version 25. The results of this study indicate that (1) Partially, the capital structure and profitability variables have a direct influence, which means that they have a positive and significant effect on firm value in companies listed on the LQ 45 index on the Indonesia Stock Exchange for the 2014-2018 period. Meanwhile, the dividend policy does not have a direct and significant effect on the value of companies listed on the LQ 45 index on the Indonesia Stock Exchange for the 2014-2018 period. (2) Indirectly, the variables of capital structure and dividend policy have a significant effect on firm value through profitability as an intervening variable. Simultaneously, the variables of capital structure, dividend policy, and profitability have a significant effect on firm value.
The Effect Earning Per Share (EPS), Return on Equity (ROE), and Debt to Equity Ratio (DER) Toward Stock Return with dividend policy as Intervening Variable (Case study on Transportation and Logistics Sector Companies Listed in The Indonesia Stock Exchange Trisnawati Nur Hikmah; Cepi Pahlevi; Kasman Damang
Hasanuddin Journal of Applied Business and Entrepreneurship Vol 5 No 1 (2022)
Publisher : Master of Management, Faculty of Economics and Business, Hasanuddin University.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hjabe.v5i1.504

Abstract

Earning per share (EPS) shows the profit that is entitled to each shareholder of one share of common stock. The debt to equity ratio shows the company's ability to pay debts with its equity. The higher return on equity (ROE) shows the company's performance is getting better and has an impact on the company's stock price. ROE is not a true measure of shareholder return because it does not take into account dividends and capital gains for shareholders. Return is the result obtained from the investment or the level of profit enjoyed by the investor on an investment he does. An investor who invests funds in securities cannot only look at the trend of stock prices. Dividend Payout Ratio (DPR) is the percentage of profits distributed in the form of cash dividends. The purpose of this study was to determine the effect of Earning per Share (EPS), Return on Equity (ROE), Debt to Equity Ratio (DER) on Stock Return with Dividend Policy as an Intervening Variable. The population of this study is the transportation and logistics sector companies listed on the Indonesia Stock Exchange in 2016-2020. The samples taken were 34 samples. The sampling technique used was the purposive sampling technique. The analytical method used multiple linear regression analysis with SPSS software version 21 which is supported by the classical assumption test. This research used is the Sobel test. The results show earnings per share (EPS) have a significant positive effect on dividend policy, return on equity (ROE) and debt to equity ratio (DER) have a significant negative effect on dividend policy, dividend policy (DPR) have a significant negative effect on stock returns, earnings per share (EPS) have an insignificant negative effect on stock returns, return on equity (ROE) and debt to equity ratio (DER) has an insignificant positive effect on stock returns, the dividend payout ratio (DPR) cannot mediate the effect of earnings per share (EPS) on stock returns, the dividend payout ratio (DPR) mediate the effect of return on equity and debt to equity ratio (DER) on stock returns.
Co-Authors Akbar Azis ANDI ASWAN Andi Aswan Andi Ruslan Andi Tenri Ulmi Anthonia Lobwaer Bernon Sampe Tondok Bintang Balele Dewi, Andi Ratna Sari Erlina Pakki Erlina Pakki Erniwati Erniwati Fatwal Sam Fauzi R Rahim Fauziah Umar Haris Maupa J Indah Perdana Sri Rahayu Kasman Damang Lanny Tandean Mahlia Muis Marhawati Marhawati Maria Regina Rosario Sianturi Martinus Kirimanop Muhammad Akhyar Muhammad Idrus Taba Muhammad Ismail Muhammad Sobarsyah Muhammad Sobarsyah Muhammad Yunus Amar Mursalim Nohong Mursalim Nohong Natalia Desi Devita Nurmawati Nurmawati Ratna Ayu Damayanti Ria Mardiana Yusuf Rusmin Muliadi Sanny Feria Juliana Stella Butje Syamsu Alam Syarifuddin Syarifuddin Tarsimin Tarsimin Trisnawati Nur Hikmah