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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.
THE INFLUENCE OF ORGANIZATIONAL CULTURE AND COMPENSATION ON EMPLOYEE PERFORMANCE WITH MOTIVATION AS AN INTERVENING VARIABLE AT JALA AMMARI HOSPITAL MAKASSAR CITY Marhawati Marhawati; Cepi Pahlevi; Muhammad Sobarsyah
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.v5i1.509

Abstract

This study aims to determine the effect of organizational culture and compensation on employee performance with motivation as an intervening variable at Jala Ammari Hospital Makassar. The number of samples in this study was 43 people, the type of research used was quantitative research with survey research. The results of this study show that organizational culture and compensation variables have a positive and significant effect on employee motivation at Jala Ammari Hospital Makassar City, then employee motivation variables have a positive and significant impact on employee performance at Jala Ammari Hospital Makassar City, organizational culture variables do not have a positive effect on employee performance at Jala Ammari Hospital Makassar City, the compensation variable has no positive effect on employee performance at Jala Ammari Hospital Makassar City, organizational culture variable has a positive and significant effect on employee performance with overall motivation. as the intervening variable at Jala Ammari Hospital Makassar City, and the compensation variable has a positive and significant effect on employee performance with motivation as an intervening variable at Jala Ammari Hospital Makassar City
Pelatihan Pembuatan Proposal Kegiatan untuk Mendorong Partisipasi Masyarakat di Desa Bontoparang, Kecamatan Mangarabombang, Kabupaten Takalar Syarifuddin Syarifuddin; Ratna Ayu Damayanti; Mahlia Muis; Cepi Pahlevi
JPP IPTEK (Jurnal Pengabdian dan Penerapan IPTEK) Vol 6, No 1 (2022)
Publisher : LPPM ITATS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31284/j.jpp-iptek.2022.v6i1.2343

Abstract

Tujuan pegabdian masyarakat ini adalah untuk mendorong upaya masyarakat dalam menuangkan ide-ide pemikirannya ke dalam bentuk tulisan atau proposal yang akan diajukan dalam mekanisme proses perencanaan pembangunan. Dengan kata lain, agar ide masyarakat sejalan dengan visi dan misi pembangunan pemerintah sehingga ide yang tertuang dalam proposal dapat diterima oleh pemerintah daerah. Dampak dari pengabdian ini adalah partisipasi aktif masyarakat desa dalam perencanaan pembangunan dapat meningkat. Metode yang digunakan adalah focus group discussion. Masyarakat desa, dikumpulkan untuk membicarakan isu tentang ide dan gagasan mereka tentang pembangunan yang selanjutnya secara bersama-sama menuangkannya ke dalam proposal kegiatan. Proposal kegiatan yang telah selesai, kemudian, diusulkan kepada pemerintah desa. Temuan pengabdian ini adalah masyarakat sangat membutuhkan keterampilan dalam menyusun proposal yang mumpuni. Karenanya, upaya semacam ini perlu terus untuk digalakkan dan ditingkatkan.
Pengaruh Struktur Modal, Pertumbuhan Perusahaan, Ukuran Perusahaan Terhadap Profitabilitas dan Nilai Perusahaan yang Terdaftar di Bursa Efek Indonesia Bernon Sampe Tondok; Cepi Pahlevi; Andi Aswan
Hasanuddin Journal of Business Strategy Vol 1 No 3 (2019): Hasanuddin Journal of Business Strategy
Publisher : Magister Management, Hasanuddin University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hjbs.v1i3.254

Abstract

This study examines the effect of capital structure, company growth, company size on profitability and company value the cases of manufacturing companies listed on the Indonesia Stock Exchange. This research is quantitative descriptive research using path analysis. Classical assumption evaluations are conducted comprising of normality, linearity, autocorrelation, multicollinearity, and heteroscedasticity test. The sample is 33 manufacturing companies listed on the Indonesia Stock Exchange from period 2013 – 2017. The results of the study found that there was a positive impact of capital structure, company growth, firm size on profitability and value of manufacturing companies.
The Influence of Organizational Culture on Organizational Commitment and Job Satisfaction to Improve the Officer Performance Assigned In Boven Digoel Regency Martinus Kirimanop; Cepi Pahlevi; Fauziah Umar; Bintang Balele
Hasanuddin Journal of Business Strategy Vol 2 No 4 (2020): Hasanuddin Journal of Business Strategy
Publisher : Magister Management, Hasanuddin University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hjbs.v2i4.363

Abstract

The research objective is to analyse the effect of organizational culture on employee performance with the mediation of the variable organizational commitment and job satisfaction. Data analysis in this research is quantitative using a path analysis model (Path) with the help of Smart PLS Software version 3.2 .8. The results found that organizational culture had a positive and significant effect on organizational commitment and job satisfaction. Interestingly, it indicates an insignificant effect on employee performance. Organizational commitment and job satisfaction both show a significant positive effect on employee performance. For testing the indirect effect is found empirical facts that organizational culture has a significant positive effect on employee performance if mediated by organizational commitment. The organizational culture does not have a significant positive effect on employee performance if mediated by job satisfaction.
The Effect of Sukuk Issuance on Price Reaction and Growth of Sharia Capital Market Akbar Azis; Cepi Pahlevi; Erlina Pakki
Hasanuddin Journal of Business Strategy Vol 3 No 1 (2021): Hasanuddin Journal of Business Strategy
Publisher : Magister Management, Hasanuddin University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hjbs.v3i1.408

Abstract

This study aims to analyze the effect of the value of Sukuk, Sukuk rating, and risk of Sukuk on the growth of the Islamic capital market mediated by Sukuk price during the period of 2014-2019 using value at risk. This study uses secondary data obtained from the Indonesia Stock Exchange and The Indonesian Capital Market Institute. Data were analyzed using the SPSS statistical program with path analysis techniques. The results of this study indicate that the variable value of Sukuk and the rating of Sukuk have a positive and significant effect on the price reaction of Sukuk, while the risk variable of Sukuk shown a negative and significant score. The variable value of Sukuk has a positive and significant effect on the reaction to the growth of the Islamic capital market, while negative and significant results are indicated by the variable rating of Sukuk and the risk variable of Sukuk. The Sukuk price reaction variables have a positive and significant effect on the reaction to the growth of the Islamic capital market. Interestingly, the study found that the Sukuk price reaction variable is unable to mediate the relationship between the value of Sukuk and the growth reaction of the Islamic capital market. This mediation result is also the same for the Sukuk rating and Sukuk risk.
The Effect of Financial Compensation and Work Pressure on Employees’ Performance through Job Satisfaction Muhammad Akhyar; Cepi Pahlevi; Muhammad Idrus Taba
Hasanuddin Journal of Business Strategy Vol 3 No 1 (2021): Hasanuddin Journal of Business Strategy
Publisher : Magister Management, Hasanuddin University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hjbs.v3i1.419

Abstract

This study aims to examine and analyze the effect of financial compensation and work pressure on the performance of employees through job satisfaction in DGT Regional office of South, West and South-East Sulawesi. Data was collected by a survey method, using questionnaire instruments created by Google Form platform and distributed to all civil servants of DGT Regional office of South, West and South-East Sulawesi and are grouped into five clusters. Of the 1,701 employee population, there were 352 employees who responded. Data is then analyzed using the Structural Equation Model (SEM) with the help of the SPSS AMOS application. The results showed that financial compensation and work pressure have a significant positive effect on job satisfaction. Interestingly, both variables, financial compensation and work pressure, did not show a significant effect on employees’ performance. Job satisfaction has a significant positive effect on employees’ performance.
The Effect of Profitability, Earning Per Share, Price Book Value on Share Prices Mediated by Dividend Payout Ratio J Indah Perdana Sri Rahayu; Cepi Pahlevi; Andi Aswan
Hasanuddin Journal of Business Strategy Vol 3 No 3 (2021): Hasanuddin Journal of Business Strategy
Publisher : Magister Management, Hasanuddin University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hjbs.v3i3.460

Abstract

The current development of the capital market represents an important development for the Indonesian economy. This occurs due to the increasing public interest in the capital market, the increasing number of companies registered in the capital market, and government support through investment policies. This could be achieved by maximizing the market value of the share price concerned. The purpose of this study was to determine and analyze the effect of ROE, EPS, PBV on DPR, to analyze the effect of ROE, EPS, PBV, and DPR on stock prices, DPR on stock prices, the effect of ROE, EPS, and PBV on stock prices through DPR. The technique of collecting data is through documentation, with data analysis techniques using descriptive analysis of research variables, descriptive statistics, classical assumption tests, multiple regression analysis, and path analysis. The results of the study found that ROE, EPS, and PBV had a positive and significant effect on the dividend payout ratio. The ROE has a negative and significant effect on stock prices, while EPS, PBV, and DPR have a positive and significant effect on stock prices. However, the dividend payout ratio cannot mediate the effect of profitability (ROE) on stock prices. The dividend payout ratio can mediate the effect of earnings per share and price-book value on stock prices.