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Pemodelan Struktur Modal Perusahaan Farmasi yang Terdapat di Bursa Efek Indonesia Faustina Ignes Anastasia; Benny Budiawan Tjandrasa
MONETER - JURNAL AKUNTANSI DAN KEUANGAN Vol 9, No 1 (2022): Periode April 2022
Publisher : Universitas Bina Sarana Informatika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31294/moneter.v9i1.11877

Abstract

Industri farmasi di Indonesia tidak terlepas dari pengaruh faktor makroekonomi dan mikroekonomi. Salah satu hal yang perlu mendapat perhatian investor adalah struktur modal yang terdapat pada perusahaan-perusahaan farmasi di BEI. Struktur modal berbagai perusahaan farmasi di BEI diduga dipengaruhi oleh faktor-faktor tertentu yang terdapat pada kinerja perusahaan maupun makroekonomi. Sejumlah variabel yang diteliti sebagai proxy dari faktor-faktor tersebut adalah current ratio, total asset turnover, return on equity, tingkat inflasi, tingkat suku bunga SBI, nilai kurs IDR-USD, dan debt equity ratio. Pengambilan data sekunder menggunakan systematic random sampling dengan interval waktu tahunan karena laporan keuangan perusahaan yang sudah diaudit terdapat dalam periode waktu tahunan. Temuan yang menarik pada penelitian ini adalah peningkatan laba akan meningkatkan pula utang perusahaan, dan ketika inflasi meningkat perusahaan akan memilih menjual saham ketimbang berutang. Hal lainnya adalah semua variabel kinerja perusahaan dan makroekonomi yang diuji dalam penelitian ini memiliki pengaruh secara simultan terhadap struktur modal perusahaan farmasi yang tergabung di BEI.
Secure Image Role in Online Business Competition Benny Budiawan Tjandrasa
Integrated Journal of Business and Economics (IJBE) Vol 3, No 2 (2019): Integrated Journal of Business and Economics
Publisher : Fakultas Ekonomi, Universitas Bangka Belitung

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (390.926 KB) | DOI: 10.33019/ijbe.v3i2.163

Abstract

Consumer tastes have changed, technology is increasingly sophisticated and communication is no longer constrained by distance and time. Ease and speed of this transaction also support the development of online stores in Indonesia. On the one hand, the presence of online stores has become the main competitor of conventional stores, but on the other hand, the competition between online stores is getting tighter. For this reason, the study discusses several things such as the impact of the development of the industrial revolution on business management from time to time; market potential, benefits and costs of online stores from the perspective of society and government; competition patterns that will be faced between online stores; how do online business site providers survive in the current pattern of competition. This study using exploratory research which aims to photograph developments, market potential, patterns of competition and find ways to survive in online business. Research was conducted by identifying and categorizing previous studies to get various thoughts from previous researchers. Findings of this study showed the potential of the online-store market in Indonesia will grow further along with population growth, but besides the benefits, there are also costs that must be borne by the society and government, for that the government must make strict rules to minimize these losses. Moreover, online-store entrepreneurs must continue to make efficiency while trying to differentiate so that they are not trapped in the pattern of perfect competition market.
The Effect of Consumer Expectation Index, Economic Condition Index and Crude Oil Price on Indonesian Government Bond Yield Benny Budiawan Tjandrasa
Journal of Economics, Business, & Accountancy Ventura Vol 20, No 1 (2017): April - July 2017
Publisher : STIE Perbanas Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v20i1.935

Abstract

Governments sell bonds to finance their budget. The investors willing to buy government bonds because of the yield they will get, but on the other hand if government bond yields is  too high it would burden the state in paying the interest due. Various studies have been done to find the variables that affect government bond yield significantly, such as exchange rate, inflation rate, interest rate, and oil price. This study found two more variables namely consumer expectations index and the economic conditions index to complement the variables that have been discovered. Those two variables are used as a proxy of economic stability of a country, the increase of those variables represent the increase of economic stability and will reduce the level of risk and lowering the yield that investors demand. This research use descriptive method and explanatory study with secondary data using multivariate regression equation model. The results shown consumer expectation index and economic condition index have significant effect on Indonesian Government Bond yield. To keep consumer expectation index and economic condition index increase government should give a positive signal and a sense of security to investor.
The influence of secure image, rate and charges, and variation of product towards customer interest in selecting certain banks and the role in net-interest margin in Indonesia Benny Budiawan Tjandrasa
Journal of Economics, Business, & Accountancy Ventura Vol 21, No 2 (2018): August - November 2018
Publisher : STIE Perbanas Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v21i2.1441

Abstract

The purpose of this paper is to prove the influence of the secure image on the interest of customers in selecting certain banks, and to explore the role of the secure image in net interest margin in Indonesia. This research uses a triangular approach which is a combination of a scientific approach and a naturalist approach. The number of questionnaires collected is 300, using simple random sampling, and the hypothesis test uses logistic regression. The results of the research include two things: statistical test result indicates the secure image variable affects the interest of customers in choosing a particular bank; and the exploratory research can explain the role of the secure image variable in Net Interest Margin in Indonesia. The implications of this research are: first, banks and other financial institutions can improve competitiveness by enhancing secure image through enhanced security technology and maintaining the company's reputation in terms of security. Second, the role of the secure image variable in net interest margin can be explained through the application of demand-supply theory. The originality of this research is the verification of the effect of the secure image variable on customer interest in a particular bank and its role in NIM
The Effect of Promotion on Financial Literacy in Increasing Buying Interest in Government Bonds Agus Aribowo; Benny Budiawan Tjandrasa
Petra International Journal of Business Studies Vol. 3 No. 2 (2020): DECEMBER 2020
Publisher : Master of Management, School of Business and Management, Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (116.641 KB) | DOI: 10.9744/ijbs.3.2.94-97

Abstract

The economic development of a country as a whole can be seen from the equitable distribution of national development. To support development activities, funds are needed. The kind of funds needed is sustainable development funds to maintaineconomic development. Government Bonds (Surat UtangNegara/ SUN) are seen by the government as an alternative instrument for financing the State Budget, covering short-term cash shortages and managing the country's debt portfolio. This study aims to examine the Effect of Promotion and Financial Literacy on Buying Interest in Government Bonds (SUN). It used a descriptive survey and explanatory survey methods. The primary data collection method was obtained directly from thesource with a sample size of 100 students of Maranatha Christian University and Parahyangan University who have known about promotion and financial literacy. The distribution of the questionnaire was carried out using a non-probability sampling technique, namely purposive sampling. For data analysis, multiple linear regression statistical tool was used with a significance level of 5% for t-test and F-test. The results of this study indicate that both the partial and simultaneous tests show that promotion and financial literacy variables affect interest in the Buying Interest.
Determinants of Political Stability to Support Foreign Investment in Indonesia Benny Budiawan Tjandrasa
Petra International Journal of Business Studies Vol. 4 No. 2 (2021): DECEMBER 2021
Publisher : Master of Management, School of Business and Management, Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (544.364 KB) | DOI: 10.9744/ijbs.4.2.97-108

Abstract

What investors often consider before deciding to invest in various countries is the political situation. The risks faced by investors in the event of political instability are regulatory changes, legal disputes, forced takeovers of companies, disruption to regional stability, policies against acts of terrorism, and changes in state ideology. The purpose of this study is to find a determinant of political stability in Indonesia that will be useful for investors and multinational companies, and the government in maintaining political stability. Systematic secondary data sampling from January 2015 to December 2019 was used for explanatory study purposes and to build a model. This study concludes that the rule of law, control of corruption, and oil prices have a significant effect on political stability in Indonesia, while the inflation rate does not have a significant effect on political stability in Indonesia. The novelty of this research is the formation of a political stability model for Indonesia and why an increase in control of corruption actually has a negative effect on political stability in Indonesia.
Model Denda Berdasarkan Tingkat Inflasi untuk Mendukung Anggaran Belanja Negara yang Berkelanjutan Benny Budiawan Tjandrasa; Ida Ida; Kayla Abigail Christy
Journal of Management and Business Review Vol 19, No 2 (2022)
Publisher : Research Center and Case Clearing House PPM School of Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34149/jmbr.v19i2.340

Abstract

The imposition of fines in articles of the Criminal Code aims to provide a deterrent effect and as income for the state to compensate for the losses incurred, but some of the fines in the existing articles are so small that they do not cause a deterrent effect and do not provide significant income for the state. The inflation rate in Indonesia for several decades has made the determination of the value of fines in rupiah values in the prevailing articles no longer relevant for the sustainability of a deterrent effect and compensation for the state. This study proposes a model of fines that can be used sustainably with a value equivalent to the increase in inflation using multivariate regression analysis. The samples used are the prices of gold, silver, and platinum to represent precious metals, and the exchange rates used are USD and JPY. The test results of USD and platinum precious metal have a significant and positive correlation. Considering that the Republic of Indonesia is a sovereign country and does not want to depend on other countries' monetary systems or economic policies, it is advisable to choose the price of the platinum precious metal as the amount of the fine imposed in legal cases.
Pengaruh Kinerja Keuangan Perusahaan dan Faktor Makroekonomi terhadap Stock Return Perusahaan Consumer Goods Chaterine Suyanto; Benny Budiawan Tjandrasa
MONETER - JURNAL AKUNTANSI DAN KEUANGAN Vol 10, No 1 (2023): Periode April 2023
Publisher : Universitas Bina Sarana Informatika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31294/moneter.v10i1.14471

Abstract

Abstrak  - Jumlah penduduk semakin bertambah dan terus mengalami peningkatan akan mendorong peningkatan kebutuhan barang konsumsi. PT Unilever Indonesia Tbk adalah perusahaan yang cukup mendominasi di Indonesia, tetapi harga saham perusahaan tersebut pada periode 2017-2021 terus mengalami penurunan. Perusahaan-perusahaan yang sejenis dengan PT Unilever Indonesia Tbk justru memiliki harga saham yang relatif stabil. Dari fenomena tersebut dan perbedaan hasil peneliti sebelumnya, maka dilakukan penelitian mengenai pengaruh kinerja keuangan perusahaan juga faktor makroekonomi terhadap stock return perusahaan consumer goods di Indonesia. Penelitian ini menggunakan data panel yang diperoleh dari kombinasi data sekunder saham-saham perusahaan pada periode tahun 2017-2021. Tujuan penelitian ini ialah untuk mendeskripsikan dan menjelaskan fenomena yang terjadi, sehingga jenis penelitian bersifat deskriptif dan eksplanatif. Pendekatan yang digunakan adalah metode kuantitatif dengan alat uji regresi multivariabel yang digunakan untuk memproses data panel, dengan terlebih dahulu menguji berbagai model yang sesuai dari sejumlah alternatif. Penelitian ini membuktikan secara simultan kinerja keuangan perusahaan dan faktor makroekonomi yaitu tingkat inflasi berpengaruh terhadap perubahan return saham yang tergabung dalam industri consumer goods. Adapun faktor exchange rate tidak berpengaruh terhadap return saham karena mayoritas produk food and beverage di Indonesia menggunakan bahan baku dari dalam negeri
Dynamic Environment Augmented Reality Menggunakan Metode SLAM untuk Simulasi Penempatan Furnitur Andrew Sebastian Lehman; Benny Budiawan Tjandrasa; Joseph Sanjaya
Smart Comp :Jurnalnya Orang Pintar Komputer Vol 12, No 3 (2023): Smart Comp: Jurnalnya Orang Pintar Komputer
Publisher : Politeknik Harapan Bersama

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30591/smartcomp.v12i3.4746

Abstract

Seiring berkembangnya teknologi dibidang komputer yang semakin pesat, mesin-mesin vision banyak dikembangkan seperti penggunaan Augmented Reality untuk simulasi penyimpanan objek visual. Mebel adalah objek interior yang pada saat pembeliannya memerlukan penggambaran visual. Masih banyak orang yang tidak bisa memvisualisasikan estetika penempatan objek interior yang dapat menyebabkan penyesalan pasca pembelian. Berdasarkan fakta tersebut, dikembangkan dan dibuat Software Augmented Reality yang dapat mensimulasikan penempatan mebel menggunakan bidang 3D untuk memvisualisasikan penempatan mebel.