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Journal : Jurnal Scientia

The Influence Of External Factors And Internal Factors On Stock Prices In The Property Sector For The 2013-2023 Period On The Indonesian Stock Exchange I Putu Risky Dharma Putra Tenaya; Ign Oka Widana; Gunardi Endro
Jurnal Scientia Vol. 13 No. 03 (2024): Education and Sosial science, June - August 2024
Publisher : Sean Institute

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Abstract

This study analyzes the effect of external factors, such as interest rates, property capitalization value, and house price index, as well as internal factors such as the value of DER (Debt Equity Ratio), ROA (Return on Assets), and NPM (Net Profit Margin), on the price of property stocks on the Indonesia Stock Exchange (IDX) during the period 2013-2023. In this study, the population in this study were property stocks totaling 85 issuers of shares that were sloping on the Indonesia Stock Exchange. And in this study to determine the sample to be used, the researchers used the simple random sampling method. The method in this study uses quantitative methods with simple random sampling techniques. In this case the sample to be used is as many as 20 samples of property stocks listed on the IDX for the period 2013-2023. The data used is secondary data in the form of financial statements. the analysis used is descriptive statistical analysis technique, time series method, multiple linear regression analysis, classical assumption test, Multivariate Test using SPSS. The results showed, ROA, DER, house price index and interest rates had a positive and significant effect on property stock prices for the period 2013-2023 while the capitalization value of the property had no significant effect on stock prices. The negative coefficient direction explains that an increase in market capitalization will result in a decrease in stock prices on the IDX for the 2013-2023 period. The results of this study show an Rsquare value of 0.580 or 58% of the influence of the independent variable (x) on the dependent variable (y) while 42% of the stock price can be explained by other variables. The implication is that investors and market participants can consider information about relevant external and internal factors in the property market. This research provides important contributions and contributions in understanding the dynamics of the property stock market in Indonesia and can be a reference for further researchers in this field.
Maturity Analysis of Governance, Risk, and Compliance (GRC) Implementation at PT Kimia Farma Trading & Distribution Romi Taofik Sudrajat; Gunardi Endro
Jurnal Scientia Vol. 14 No. 01 (2025): Education and Sosial science, Februari 2025
Publisher : Sean Institute

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Abstract

In an era of globalization and increasingly fierce competition, companies in Asia, including Indonesia, face increasingly complex challenges in maintaining and improving their position in the market. Competition with other Asian countries is one of the main factors that encourages companies to continue to adapt and improve their performance. In an effort to face this challenge, company management has developed from conventional concepts to focus on governance, risk, and compliance, known as GRC (Governance, Risk and Compliance). The aim of this research is to determine the maturity of the implementation of Governance, Risk and Compliance (GRC) at PT Kimia Farma Trading & Distribution (KFTD). This study utilized qualitative methods to understand and describe the situation that takes place in the research environment. The analysis began with the coding stage of the data derived from the results of the interviews which had been transcribed into text using a case study approach. The research concludes that the maturity level of Governance, Risk Management, and Compliance (GRC) implementation at KFTD is currently at an early stage, with the integration between governance, risk management, and compliance not yet fully achieved. Although the organizational structure and regulatory compliance provide support, GRC functions are still operating separately, and internal awareness and commitment need to be enhanced. A more mature GRC implementation is necessary to improve operational efficiency, decision-making, and ensure business sustainability. Recommendations for KFTD include strengthening GRC socialization programs, developing an integrated GRC system, increasing management support, conducting regular maturity assessments, and leveraging technology for monitoring and reporting.