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Pengaruh Profitabilitas dan Nilai Perusahaan terhadap Volume Perdagangan Saham Pada LQ45 Ell Bryan Timothy; Francis M. Hutabarat
Jurnal Ilmiah Universitas Batanghari Jambi Vol 22, No 3 (2022): Oktober
Publisher : Universitas Batanghari Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33087/jiubj.v22i3.2749

Abstract

Companies tend to have the main focus on seeking maximum profits to attract potential investors. Companies that have the ability to earn profits and have good corporate value can be considered by potential investors in investing. The purpose of this study was to determine the relationship between profitability and firm value on stock trading volume partially and simultaneously. The sample taken for this study revealed 28 companies from companies listed on LQ45 in the 2017–2020 time span, respectively. This research uses several analyses such as descriptive analysis, linear regression interpretation, classical assumption test, f-test, t-test, and coefficient of determination with the help of the SPSS program. The results obtained are profitability does not affect stock trading volume, firm value has a significant effect on stock trading volume, and simultaneously profitability with firm value has a significant effect on stock trading volume.
The ROLE OF LEVEL OF INCOME AND EDUCATION ON DIGITAL DIVIDE: A LOOK AT JAKARTA WORK FORCE Heddry Purba; Francis Hutabarat
Jurnal Terapan Ilmu Manajemen dan Bisnis (JTIMB) Vol. 5 No. 2 (2022): JTIMB | Desember 2022
Publisher : Program Studi Magister Manajemen Universitas Advent Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58303/jtimb.v5i2.3019

Abstract

Communication technologies is important in supporting economic, human, and social growth. However, it common knowledge that communication technologies are differ between countries. And the digital difference inside nations can be as high as that between countries. ). The objectives of this study are to assess the Indonesia home digital divide for its Jakarta workforce and to examine the demographic features, specifically: education and level of income as factors influencing digital divide. The study is descriptive and survey questionnaire is employed. Indonesian workers in Jakarta and graduates of the Indonesia Adventist University in Bandung are the study's subjects. There are 239 sample of the study. Frequencies, correlation, significant test, and regression test were used in the analysis. The study found that, simultenously, there is a significant relationship between education and level of income on digital divide of Jakarta workforce. The study also indicates there is no significant relationship based on t-test between education and digital divide. On the other hand, level of income shows that it has significant result with t-test at 10% level of significant.
The Mediating Effect of EPS on the Relationship between ROE and Stock Prices of 15 Banks Listed on Indonesia Stock Exchange Francis Hutabarat; Mega Sari
Journal of Applied Business and Technology Vol. 1 No. 3 (2020): Journal of Applied Business and Technology
Publisher : Institut Bisnis dan Teknologi Pelita Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (638.939 KB) | DOI: 10.35145/jabt.v1i3.25

Abstract

This research is descriptive which collects and presents data from financial statements from 2014 - 2018 by taking ROE and EPS data as independent variables and stock prices as the dependent variable. Measurement scales used statistical scales such as regression analysis test, f test, and t-test. The results showed that 15 bank sector companies as a place of this research had good management performance and performed their functions well, it can be seen from the ratio of ROE and EPS. From the test results based on the regression analysis test, f test, and t-test, the results are obtained that the contribution of ROE to changes in the Stock price is 25.8%, with EPS mediation, the contribution of ROE and EPS to changes in the Stock price is found to be 47.2% and the change in the value of R-Square change of 0.219 or 21.9%. Significant test results indicate a significant effect between ROE on Stock prices. This can be seen from the F-test value of 26,668 and significant value of 0,000 at α = 0.05 or 5% and with the presence of EPS mediation, the effect of ROE and EPS on the stock price is significant with a significant level of 0,000 at α = 0.05 or 5% with F -The existence of EPS mediation, it was found that ROE and Stock’s Prices have a significant effect of 0.019 at a significant level of 5%. Thus any change in ROE will change to an increase in Stock Price by 0.236 significantly.Therefore, because ROE and the Stock price have significant value, EPS does not fully mediate the effect of ROE and the stock pricetest 34,129.
The The Effect of Liquidity and Profitability on Firm Values in Telecommunication Subsector Companies Francis Hutabarat; Jellyra Sihotang
Journal of Applied Business and Technology Vol. 1 No. 2 (2020): Journal of Applied Business and Technology
Publisher : Institut Bisnis dan Teknologi Pelita Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (628.781 KB) | DOI: 10.35145/jabt.v1i2.26

Abstract

The background of this research is how to make investors have a good perception of the company that can be determined through the results of the company's valuation. This research aims to examine the partial and simultaneous relationship between liquidity using the current ratio (CR), and profitability using Return on Assets (ROA) to the company's value of companies using Tobins'Q in telecommunications companies related to IDX (Indonesia Stock Exchange), in 2015-2018. The data get it from financial statements on the Indonesia Stock Exchange with 5 companies as samples. The independent variables of this study are liquidity, profitability and the dependent variable in this study is firm value. This study uses several linear regression methods. the results showing a significant effect between current ratio and Return on Total Assets on firm value and the same results show that there is a significant effect between Return on Total Assets and firm value.
Pengaruh Leadership Position dan Financial Literacy terhadap Keputusan Investasi P. E. Sudjiman; Lorina Siregar Sudjiman; Francis Hutabarat
Ekonomis: Journal of Economics and Business Vol 7, No 1 (2023): Maret
Publisher : Universitas Batanghari Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33087/ekonomis.v7i1.799

Abstract

When the investment industry develops rapidly, the general public's demand will increase, and it is generally assumed that investing will increase one's income. One aspect of personal finance that has caught the attention of academics is the concept of investment risk. Risk takers include those with lavish lifestyles, high-level jobs, and leadership roles within companies. The main objective of this study is to better understand the impact of leadership position and financial literacy on investment decisions. Quantitative method with correlated design is used in this research. Questionnaire results data were used in this study through a sample data collection technique involving 239 individuals drawn from six communities. SPSS is an analytical tool used in research as a strategy analysis. Findings from studies on the influence of leadership and financial literacy on investment decisions suggest a measurable, if modest, impact. A person's financial literacy has no effect on investment decisions, although a person's leadership position does have some influence in this area.
PRICE EARNING RATIO, AVERAGE VOLUME AND STOCK BETA OF INDONESIA SE HEALTHCARE COMPANIES Francis Hutabarat
Jurnal Terapan Ilmu Manajemen dan Bisnis (JTIMB) Vol. 5 No. 2 (2022): JTIMB | Desember 2022
Publisher : Program Studi Magister Manajemen Universitas Advent Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58303/jtimb.v5i2.3030

Abstract

This research is entitled Price Earning Ratio, Average Volume and Stock Beta of Indonesia SE Healthcare Companies. This research method uses multiple linear regression analysis with data processing using the PSPP software. The sampling method of this research uses purposive sampling technique. The results showed that simultaneous Price earning ratio and average volume had significant affect on stock beta. The results of the t test show that the variables Price earning ratio and average volume partially have significant effect on stock beta with a significance level of 2,4%, and 4,2%, respectively.
PENGARUH DEFERRED TAX & TAX TO BOOK RATIO TERHADAP FIRM PERFORMANCE Andre Sihombing; Francis Hutabarat
Klabat Accounting Review Vol 4 No 1 (2023): Klabat Accounting Review
Publisher : UNKLAB Business School

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (374.916 KB) | DOI: 10.60090/kar.v4i1.909.17-25

Abstract

The purpose of this study was to determine the effect of deferred tax & tax-to-book ratio on company performance. Technological developments affect many business sectors, including the technology sector, but every company must understand the tax in their company. The population and research samples use companies on the IDX in the technology sector. There are 48 research samples from 4 years of observation 2018-2021. This study analyzes with regression analysis the research variables, namely deferred tax, tax to book ratio, company performance. The results of the study show that there is a significant influence between deferred taxes and company performance in the corporate technology sector on the Indonesia Stock Exchange. In contrast, company performance is not affected by the tax to book ratio in technology sector companies on the Indonesia Stock Exchange. Tujuan penelitian ini untuk mengetahui pengaruh deferred tax & tax to book ratio terhadap firm performance. Perkembangan teknologi mempengaruhi banyak sektor bisnis, termasuk sektor teknologi, namun setiap perusahaan harus memahami pajak dalam perusahaan mereka. Populasi dan sampel penelitian menggunakan perusahaan pada BEI di sector teknologi. Terdapat 48 sampel penelitian dari 4 tahun pengamatan 2018-2021. Penelitian ini menganalisa dengan analisa regresi variabel penelitian yaitu deferred tax, tax to book ratio, firm performance. Hasil penelitian menunjukkan ada pengaruh yang signifikan antara deferred tax dan firm performance pada perusahaan sektor teknologi di Bursa Efek Indonesia. Sebaliknya, firm performance tidak dipengaruhi tax to book ratio pada perusahaan sektor teknologi di Bursa Efek Indonesia. Kata Kunci: Deferred tax, tax to book ratio, firm performance
PENGARUH UKURAN PERUSAHAAN DAN REPUTASI KAP TERHADAP AUDIT REPORT LAG PADA SEKTOR TEKNOLOGI DI BURSA EFEK INDONESIA Jonathan Hutahaean; Francis Hutabarat
Klabat Accounting Review Vol 4 No 1 (2023): Klabat Accounting Review
Publisher : UNKLAB Business School

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (330.939 KB) | DOI: 10.60090/kar.v4i1.895.35-45

Abstract

The purpose of this study is to find out how the influence of company size and KAP reputation on audit report lag. The sample used in this study was collected using a purposive sampling method, with a total sample of 15 companies engaged in the technology sector on the Indonesia Stock Exchange (IDX) in the 2019-2021 period. The method applied in this study is multiple linear regression which is used with the aim of obtaining the relationship between the variables studied. This research succeeded in obtaining an answer stating that company size and KAP reputation can affect audit report lag in technology sector companies listed on the Indonesia Stock Exchange (IDX). Kata Kunci: Ukuran Perusahaan, Reputasi Auditor, Audit Report Lag Abstrak Tujuan dari penelitian ini adalah untuk mengetahui bagaimana pengaruh ukuran perusahaan dan reputasi KAP terhadap audit report lag. Sampel yang digunkan pada penelitian ini dikumpulkan melalui metode purposive sampling, Dengan jumlah sample yakni 15 perusahaan yang bergerak pada sektor teknologi pada Bursa Efek Indonesia (BEI) pada kurun waktu 2019-2021. Adapun metode yang diterapkan di penelitian ini yakni regresi linier berganda yang digunakan dengan maksud untuk memperoleh kaitan antar variable yang diteliti. Dengan itu penelitian ini berhasil memperoleh jawaban yang menyatakan bahwa, Ukuran perusahaan dan reputasi KAP dapat mempengaruhi audit report lag pada perusahaan sektor teknologi yang terdaftar di Bursa Efek Indonesia (BEI). Kata Kunci: Ukuran Perusahaan, Reputasi Auditor, Audit Report Lag
STOCK VALUATION ANALYSIS USING DIVIDEND DISCOUNTED MODEL DAN FREE CASH FLOW TO EQUITY OF TECHNOLOGY COMPANIES LISTED AT IDX Christian Sihotang; Francis Hutabarat
Klabat Journal of Management Vol 4 No 1 (2023): Klabat Journal of Management
Publisher : Faculty of Economics and Business, Universitas Klabat

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (328.496 KB) | DOI: 10.60090/kjm.v4i1.894.20-29

Abstract

The economic situation in Indonesia has suffered a major hit in various sectors since the end of 2019. This study aims to analyze the Valuation of Technology Company Shares listed on the Indonesia Stock Exchange using the Dividend Discount Model and Free Cash Flow to Equity. This study uses a sample of 8 companies from 35 technology companies on the Indonesia Stock Exchange. The research data compares stock valuations in 2019, 2020 and 2021 before, during and after Covid 19. Statistical analysis uses the Kolmogorov-Smirnov one sample, Pair-Sample t-test, and descriptive statistical analysis. The research results show that there is a significant difference between the valuation of free cash flow to equity shares in 2019 before Covid 19 and in 2020 during Covid 19 in technology companies on the Indonesia Stock Exchange. Conversely, for a comparison of 2019 and 2021 stock valuations, no significant difference was found and for the dividend discount model it was found that there was no significant difference between stock valuations in 2019 and in 2020, and 2021. Keywords: Dividend discount model, free cash flow to equity, stock valuation Situasi ekonomi di Indonesia mengalami pukulan besar di berbagai sektor sejak akhir era 2019. Penelitian ini hendak menganalisis Valuasi Saham perusahaan Teknologi yang terdaftar di Indonesian Stock Exchange dengan menggunakan Dividen Discounted Model dan Free Cash Flow to Equity. Penelitian ini menggunakan sample 8 perusahaan dari 35 perusahaan teknologi di Indonesian Stock Exchange. Data penelitian membandingkan valuasi saham pada tahun 2019, 2020 dan 2021 pada masa sebelum, saat, dan sesudah covid-19. Analisa statistik menggunakan one sample Kolmogorov-Smirnov, Pair-Sample t-test, dan analisa statistik deskriptif. Hasil penelitian menunjukkan bahwa ada perbedaan yang signifikan antara valuasi saham free cash flow to equity pada tahun 2019 sebelum covid-19 dan pada tahun 2020 saat covid-19 di perusahaan teknologi di Indonesia Stock Exchange. Sebaliknya, untuk perbandingan valuasi saham 2019 dan 2021, ditemukan tidak ada perbedaan yang signifikan dan untuk dividend discounted model ditemukan tidak ada perbedaan signifikan antara valuasi saham pada tahun 2019 dan pada tahun 2020, dan 2021. Kata Kunci: dividend discount model, free cash flow to equity, valuasi saham
Pengaruh Value Added Intellectual Capital Terhadap Kinerja Keuangan BUMN20 Tahun 2019-2020 Thalia Thalia; Francis Hutabarat
Klabat Journal of Management Vol 3 No 2 (2022): Klabat Journal of Management
Publisher : Faculty of Economics and Business, Universitas Klabat

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (350.524 KB) | DOI: 10.60090/kjm.v3i2.851.1-10

Abstract

The purpose of this research is to find out the impact of company’s value added intellectual capital from 2019-2020. This research used quantitative approach, which using numeral data and descriptive statistics. The sample of this research utilizes “BUMN20 - company’s index” that reported financial statement from 2019-2020 and It has a positive outcome in terms of the profit. The result of this research will be tested whether it is significant or not. When the ‘f’ value is below its confidence level (5%) we can conclude that Value Added Human Capital (VAHU), Structural Capital Value (STVA), and Value Added Capital Employed (VACA) has a significant effect towards financial performance of BUMN20 firm. Partially, this research found out the significant test of ‘t’ VACA is 0.006 which there is a significant relationship between VACA and financial performance of BUMN20 firm. On the contrary, this research shows that the variables of VAHU and STVA have no significant impact between VAHU and financial performanxe and the same way about the relationship between STVA and financial performance of BUMN20. Keywords: Financial Performance, Structural Capital Value, Value-Added Intellectual Capital, Value-Added Capital Employed, Value-Added Human Capital. Tujuan penelitian ini adalah untuk mengetahui pengaruh value added intellectual capital perusahaan bumn pada tahun pengamatan 2019-2020. Penelitian ini menggunakan pendekatan kuantitatif dimana penelitian ini menggunakan data berbentuk angka serta merupakan suatu penelitian statistik deskriptif. Sampel penelitian menggunakan perusahaan index BUMN20 yang menerbitkan laporan keuangan 2 tahun berturut-turut dalam 2019-2020 dan memiliki laba bersih positif selama periode pengamatan. Hasil penleitian ini menunjukan bahwa secara simultan nilai dari signifikansi uji f sebesar 0.046 < 0.05 yang berarti value added human capital (VAHU), structural capital value added (STVA), dan value added capital employed (VACA) berpengaruh secara signifikan terhadap kinerja keuangan perusahaan BUMN20. Secara parsial didapati bahwa nilai signifikan uji t VACA 0.006 yang berarti adanya pengaruh signifikan antara VACA dengan kinerja keuangan pada perusahaan BUMN20. Sebaliknya, penelitian ini menunjukan bahwa untuk variabel VAHU dan STVA didapati bahwa tidak ada pengaruh signifikan antara VAHU dengan kinerja keuangan dan juga STVA dengan kinerja keuangan perusahaan BUMN20. Kata kunci: Kinerja Keuangan, Structural Capital Value Value-Added Intellectual Capital, Value-Added Capital Employed,,Value-Added Human Capital.
Co-Authors Abigail Cantika Nainggolan Adriella Resmita Sunny Pardosi Agnes Zefanya Manalu, Bunga Alessandro Del Piero Riwu Andre Sihombing Andrea Sihotang, Yolanda Andriyani, Jesica Angeline Margaretha Aprilliani Hutajulu Arbino Sinaga Beriana Hotmaria Sinaga Bracha Mannuel Calvin Pebrian Zulkarnaen Caroline, Verawaty Cethy Sinaga Chatherine Marpaung Chelsea Michelle Malau Christian Sihotang Darwin Simanjuntak David Hutajulu Edison Sihotang Matanari Ell Bryan Timothy Ellen Simbolon Elsyeba A. Panjaitan Elzza Emelia Ginting Erlianny, Vivin Evi Agustina Br Perangin-Angin Fani Setianingrum Febri Andrian Lowel Naibaho Febricia Frontalin Kumendong Frischa Sitohang Frischa Sitohang Gerald Christian Tauran Girsang, Laverin Imelda Grace Orlyn Sitompul Gracia Naibaho Hariwibowo Nuryanto, Henokh Harlyn L. Siagian Harman Malau Harman Malau Hartono, Chelsea Aprillia Heddry Purba Herold Moody Manalu Hudson Junifer Malau Hutabarat, Mel Susilawati Hutagaol, Jenifer Hutajulu, Aprilliani Ibrani Saragi James Sylvanus Uly Reke James Sylvanus Ulyreke Jellyra Sihotang Jesica Andriyani Jhon Rinendy Joan Yuliana Hutapea Johan Manurung Jojor Marito Jonathan Hutahaean Joseph Andre Sinaga Judith Tagal Gallena Sinaga Kathleen Lowry Sinaga Krista Sinaga Leader Joy Lumbanraja Lenita Waty Leri Santoso Hutasoit Lorina Siregar Sudjiman Loviana Simarmata, Ruth Lubis, Santoso F. Majilang, Deanna Beryl Manullang, Shekinah Vitareyn Manurung, Christine Surya Manurung, Erly Nofriyanty Manurung, Vio Lolyta Marito, Jojor Sihol Maropen Simbolon Martcelina Utami Sinaga Mega Sari Meidy Lieke Karundeng Meysi BR Napitupulu Michelle Sabatamia Pardosi Mira, Jennifer Brooklin Nababan, Meli Julianty Permatasari Naibaho, Febri Andrian Lowel Naibaho, Novselyn Nainggolan, Abigail Cantika Nainggolan, Kelian Stephen Karuyan Naomi, Rut Novi Lamria Manurung Oktavianto, Dentar Oktri Veronika Sitanggang Pamungkas, Amos Haposan Pandiangan, Austin Alleyn Pangaribuan, Hisar Panggabean, Sartika Yuliani Pardosi, Habel Pardosi, Marissa Catherine Paul E. Sudjiman, Paul E. Pramesti, Larasati Anggun Pratama Marbun, Midian Puspitasari, Gladys Beatrice Angelia Ramdini, Sherly Fristylia Rani Sihotang Rebecca SIMANJUNTAK Remista Simbolon Reymand M. Hutabarat Richard Friendly Simbolon Riky Sai Maruli Rinaldi Siringoringo Ronny Buha Sihotang RUT NAOMI Ruth Christy Aritonang Sagala, Denovendri Douglas Sagala, Joyce Margaretha Samuel Hamonangan Aruan Samuel Parlindungan Silalahi Sartika Yuliani Panggabean Saut Rediman Situmorang Senjaya, Vianny Felicia Setiadi, Abigail Dwi Pangestu Shekinah Manullang Sherly Fristylia Ramdini Siagian, Vienzo Silalahi, Samuel Parlindungan Simanjuntak, Yuliana Efriani Kristianingsih Simbolon, Betaria Sinabutar Santa Monica Sinaga, Judith T. Gallena Sinaga, Samuel Pradinata Siregar, Lorina Sisobadodo Zendrato Sitanggang, Henry Sitanggang, Sondang Uli Susanti, Mila Tampubolon, Charles Johansen Living Stone Thalia Thalia Uli Ultni Manalu Ulyreke, James Slyvanus Valentine Siagian Verawaty Caroline Yasmin Ester Yasmin Ester Zakharia Sabatian Zendrato, Sisobadodo