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All Journal Jurnal Mirai Management Hasanuddin Journal of Applied Business and Entrepreneurship Accounting Profession Journal (APAJI) Paulus Journal of Accounting (PJA) Jurnal Ilmiah MEA (Manajemen, Ekonomi, dan Akuntansi) Scientium Management Review Journal of Accounting Issues Journal of Business Issues Journal of Risk and Uncertainty Issues
Muhammad Sobarsyah
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Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Social Sciences

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ANALISIS FAKTOR YANG MEMPENGARUHI EFISIIENSI RUMAH SAKIT (STUDI PADA RUMAH SAKIT BLUD DI PROVINSI NUSA TENGGARA TIMUR) Yosefina Andia Dekrita; Rahman Laba; Muhammad Sobarsyah; Maat Pono; Paulus Libu Lamawitak
Jurnal Mirai Management Vol 5, No 1 (2020)
Publisher : STIE AMKOP

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (313.702 KB) | DOI: 10.37531/mirai.v5i1.588

Abstract

Penelitian ini bertujuan untuk mengeksplorasi hubungan langsung dan tidak langsung antara cash holding, cash conversion cycle dan net working capital terhadap efficiency melalui debt dan mengeksploitasinya ke dalam model konseptual baru yang didasarkan pada teori utama yaitu agency theory, trade-off theory, pecking order theory dan Modigliani and Miller Theory. Data yang digunakan adalah Neraca dan Realisasi Laporan Pendapatan dan Biaya tahun 2014-2018. Analisa data menggunakan statistik deskriptif dan regresi linier berganda, pengujian hipotesis (uji T dan uji F) dan analisis regresi moderasi. Hasil penelitian menunjukkan bahwa cash holding tidak berpengaruh terhadap efficiency sedangkan cash conversion cycle memiliki pengaruh positif terhadap efficiency dan net working capital memiliki pengaruh negatif pada efficiency. Namun secara bersamaan menunjukkan bahwa cash holding, cash conversion cycle dan net working capital berpengaruh positif yang signifikan terhadap efficiency. Dengan analisis regresi moderasi dapat disimpulkan bahwa net working capital yang diuji dalam model ini memiliki pengaruh yang signifikan terhadap debt sedangkan variabel cash holding dan cash conversion cycle tidak memiliki pengaruh yang signifikan terhadap efficiency. Dengan Analisis Regresi Moderasi dapat disimpulkan bahwa net working capital yang diuji dalam model ini memiliki pengaruh signifikan terhadap efficiency sedangkan variabel cash holding dan cash conversion cycle tidak memiliki pengaruh signifikan terhadap efficiency. Hal Ini berarti bahwa variabel debt dapat dikatakan sebagai variabel moderasi antara net working capital dan efficiency. Keywords - Cash Holding, Cash Conversion Cycle, Net Working Capital, Debt, Efficiency
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.
PENGARUH MOTIVASI DAN PERCEIVED ORGANIZATIONAL SUPPORT TERHADAP KOMITMEN DAN KINERJA DALAM STRATEGI PENINGKATAN KINERJA KARYAWAN (STUDI KASUS PT VALE INDONESIA Tbk) Yanuar Putra; Muhammad Idrus Taba; 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.v2i2.197

Abstract

For PT Vale Indonesia Tbk, performance is one of the important indicators for the company. Performance is also mentioned and described in the proceeds of the 2014 Joint Task Force which is the result of management agreements with trade unions as representatives of employees. To analyze the influence of motivation and perceived organizational support towards commitment and performance in employee performance improvement strategy at PT Vale Indonesia Tbk, used data collection technique through questionnaires distribution to selected employee as sample. Data analysis technique used in this research is Structural Equation Modeling (SEM) technique. This method is commonly used for the examination of relatively complex relations simultaneously with a sample of 202 people at PT Vale Indonesia Tbk. The results showed that commitment was positively and significantly influenced by Perceived Organizational Support and motivation, performance was positively and significantly influenced by motivation and Perceived Organizational Suppor, while commitment had positive and significant effect on employee performance at PT. Vale Indonesia Tbk, so the hypothesis in this research is accepted.
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.
STUDI EVALUASI STRATEGI PENINGKATAN PENERIMAAN PENDAPATAN DAERAH MELALUI PROGRAM PENINGKATAN KAPASITAS DAN KINERJA PADA BADAN PENDAPATAN DAERAH PROVINSI SILAWESI SELATAN Ali Taufiq; Muhammad Idrus Taba; Muhammad Sobarsyah
Hasanuddin Journal of Applied Business and Entrepreneurship Vol 2 No 4 (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.v2i4.268

Abstract

The purpose of this research is to analyze the evaluation process of the implementation of SKPD capacity and performance improvement program strategy with SWOT analysis. This research uses quantitative methods because this research is presented with words or verbs from people and observable behaviors. The reason for choosing a qualitative approach is because it relates to the concept of title and problem formulation on the evaluation study of regional income revenues improvement strategy through capacity building and performance program at Regional Revenue Board of South Sulawesi Province. Based on the results of the evaluation process analysis of the implementation of the capacity and performance improvement program strategy, the strategy undertaken by the Regional Income Board of South Sulawesi Province in an effort to increase the revenue of the region through capacity and performance improvement program is intensification strategy which is done through the improvement of operational power capability in the field, take advantage of roles and cooperation with agencies in the management and supervision of revenue revenues and assess the shortcomings and maximize the local financial management system.
PENGARUH STRUKTUR MODAL DAN PERTUMBUHAN TERHADAP PROFITABILITAS DAN NILAI PERUSAHAAN (STUDI KASUS PADA PERUSAHAAN OTOMOTIF YANG TERCATAT DI BURSA EFEK INDONESIA) Muhammad Khakani Harusi; Muhammad Ali; Muhammad Sobarsyah
Hasanuddin Journal of Applied Business and Entrepreneurship Vol 3 No 1 (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.v3i1.292

Abstract

Intense competition in the business world encourages each company to improve its performance so that the company's goals can be achieved. Companies that have gone public will always try to increase the value of the company, through capital structure, growth and profitability. This study aims to determine and analyze: the influence of capital structure and company growth on profitability. Effect of capital structure and company growth on firm value. The effect of profitability on firm value, the effect of capital structure on firm value is mediated by profitability, and to find out and analyze the effect of company growth on firm value mediated by profitability. This study uses a quantitative approach. While data collection techniques using observation, and documentation. The data analysis technique used is descriptive analysis, classic assumption test, path analysis. The results of the analysis in this study indicate that the capital structure (DER) has a negative and significant effect on profitability. Company growth has a positive and significant effect on profitability (ROA). Capital structure has a negative effect on firm value. Company growth has a significant influence in increasing the value of the company. High profitability (ROA) will have an influence in increasing the value of the company. Mediation test results show that profitability can mediate the effect of capital structure (DER) on firm value. It can be seen that the capital structure (DER) affects profitability (ROA) so that it has implications for the low value of the company (PER). Mediation test results show that profitability can have an effect on firm growth on firm value, which means that corporate growth affects the increase in profitability (ROA) which has implications for increasing company value (DER).
THE EFFECT OF INNOVATION, MARKET ORIENTATION, AND KNOWLEDGE MANAGEMENT ON COMPETITIVE ADVANTAGE AND COMPANY’S PERFORMANCE AT PT. TELKOMSAT CENTRAL OFFICE JAKARTA Marwanto Tumonglo; Syamsu Alam; Muhammad Sobarsyah
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.v3i3.340

Abstract

This research aims to determine the effect of innovation, market orientation, and knowledge management on company’s performance with competitive advantage as mediating variable at PT. Telkomsat central office of Jakarta as the object of research. This research was a quantitative study using validity test, reliability test, descriptive analysis, and path analysis techniques. The samples were the employees of PT. Telkomsat central office, Jakarta consisting of 73 respondents. The data were obtained using questionnaire and interview and they were processed using SPSS 23 software. The result of the research indicate that innovation and market orientation have a positive and insignificant effect on competitive advantage; knowledge management has a positive and significant effect on competitive advantage; innovation has a positive and significant effect on company’s performance; market orientation has a positive and insignificant effect on company’s performance; knowledge management has a positive and significant effect on company’s performance; competitive advantage has a positive and insignificant effect on company’s performance; innovation indirectly has a positive and insignificant effect on company’s performance through competitive advantage; market orientation indirectly has a positive and insignificant effect on company’s performance through competitive advantage; and knowledge management indirectly has a positive and insignificant effect on company’s performance through competitive advantage.
MERGER ANALYSIS ON GLOBAL AUTOMOTIVE INDUSTRY A CASE STUDY AT DAIMLER-CHRYSLER AUTOMOTIVE COMPANY Nur Fitriani; Syamsu Alam; Muhammad Sobarsyah
Hasanuddin Journal of Applied Business and Entrepreneurship Vol 4 No 1 (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.v4i1.427

Abstract

This research aims to analyze mergers in global automotive industries to find out the causes of merger failure in the global automotive industry. This research used a case study at Daimler-Chrysler automotive company. The decision to committed a merger strategy had an impact on the Daimler-Chrysler company, mainly in cultural differences between Germany and the United States of America, where the Daimler-Benz and Chrysler Corporation originated. This research used a literature study research method by using library research related to the Daimler-Chrysler merger, with qualitative descriptive analysis techniques. The results of this research indicated that the agreement to do a merger strategy between Daimler-Benz and Chrysler Corporation was caused by cultural differences as a new Daimler-Chrysler company. It makes Daimler-Chrysler must be able to collaborate and synergized with each other for merger integration can be successful. However, this was not able to be done by Daimler-Chrysler, so the merger between Daimler-Chrysler was failed in the end.
FINANCIAL PERFORMANCE ON COMPANY VALUE WITH FINANCIAL DISTRESS AS VARIABLE INTERVENING IN RETAIL TRADING COMPANIES LISTED ON IDX Ina Fitriani; Muhammad Toaha; Muhammad Sobarsyah
Hasanuddin Journal of Applied Business and Entrepreneurship Vol 4 No 4 (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.v4i4.478

Abstract

This study aims to analyze the effect of financial ratio analysis on firm value with financial distress as an intervening variable in manufacturing companies listed on the Indonesia Stock Exchange from 2017 to 2020. This type of research is causal comparative. Sampling using proportional random sampling method, obtained a sample of 17 companies from 25 company populations with a total of 68 units of observation of analysis. Secondary data collection uses the technique of documenting the annual financial statements of IDX manufacturing companies published on the website www.idx.co.id. Methods of data analysis through classical assumption test, multiple linear regression test and mediation test with path analysis using Sobel test. The results showed that liquidity, solvency, profitability and financial distresss simultaneously and partially have an effect directly significant to the value of retail trading companies listed on the IDX liquidity, solvency and profitability variables have a significant effect on firm value retail trade listed on the IDX through financial distress as an intervening variable.
Business Profitability and Minimum Capital Adequacy Ratio of Regional Development Banks in The Middle of The Covid19 Pandemic Crisis Iswadi Ayub; Syamsu Alam; Muhammad Sobarsyah
Hasanuddin Journal of Applied Business and Entrepreneurship Vol 4 No 4 (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.v4i4.487

Abstract

The purpose of this study is to analyze the effect of return on assets (ROA) on the capital adequacy ratio (CAR); To analyze the effect of Net interest margin (NIM) on the capital adequacy ratio (CAR); To analyze the effect of operating costs versus income (BoPo) on the capital adequacy ratio (CAR); and to analyze the influence of the most dominant ROA, NIM, or BoPo on the capital adequacy ratio (CAR). In this study, the authors conducted an analysis to see the effect of the profitability ratios (RoA, NIM, and BoPo) on the capital ratio of BPD banks in Indonesia during the Covid19 pandemic crisis (2019-2020). The data in the form of financial ratios is processed using the IBM SPSS program with multiple regression analysis techniques. The results showed that the ROA variable had no significant positive effect on the CAR variable. This means that the high and low ROA does not always affect the CAR, the NIM variable does not have a significant positive effect on the CAR variable. This means that the high and low NIM does not always affect the CAR, the BOPO variable has a significant negative effect on the CAR variable. This means that the higher the BOPO, the lower the CAR, and vice versa, the lower the BOPO will increase the CAR. The BOPO shows the dominant influence on the CAR variable.
Co-Authors Abd Rahman Kadir Abdul Rahman Kadir Abdul Rakhman Laba Ali Taufiq Andi Navira Cancerina, Aqua sylvii Cepi Pahlevi Dian Viany S. Aritonang Ghufran Yusuf Haris Maupa Ina Fitriani Iqbal Mudir Iswadi Ayub Laksono Trisnantoro Maat Pono Magfirah Kadir Maria Regina Rosario Sianturi Marwanto Tumonglo Muhammad Ali Muhammad Idrus Taba Muhammad Khakani Harusi Muhammad Toaha Nur Dwiana Sari Saudi Nur Fitriani Paulus Libu Lamawitak Raden Mohamad Herdian Bhakti Rahman Laba Rezki Arianty Akob Solly Aryza Sumardi syamsul bahri Tarsimin Tarsimin Temi Alriady Yanuar Putra Yosefina Andia Dekrita