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Effect of governance, risk management and compliance on a firm’s value (healthcare industry) Sula Yosege Sembiring Kembaren; Gunardi Endro; Okder Pendrian
Enrichment : Journal of Management Vol. 12 No. 5 (2022): December: Management Science And Field
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/enrichment.v12i5.947

Abstract

A high firm’s value is one of the main goals of investors. Management will seek to optimize all factors that have the potential to increase the firm’s value, including the GRC component. The healthcare sector is one of the industries that has shown good performance in several years, including during the crisis due to the Covid-19 pandemic. This pandemic is considered a catastrophic event. Using the explanatory quantitative method, this research aims to prove the difference in the effect of GRC on firm value through two different conditions, before and after the pandemic. The firm’s value is proxied by Tobin's Q, and GRC is measured based on the Indonesian GRC Award scoring method. Through purposive sampling technique on the population of the healthcare industry, as many as 22 companies listed on the Indonesia Stock Exchange, this research took a sample of 11 companies with data sources from 2018 to 2021. The data was processed using a simple linear regression statistical model. The study results show that GRC positively affects firm value, with an explanatory level of 33.8% in pool data. Based on data segregation, the results show that the explanatory level during the pandemic period is more significant.
Pengaruh Entrepreneurship, Inovasi dan Peluang terhadap Kinerja Usaha Budi Setiawan; Suwandi Suwandi; Gunardi Endro
JURNAL ILMIAH EDUNOMIKA Vol 8, No 3 (2024): EDUNOMIKA
Publisher : ITB AAS Indonesia Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jie.v8i3.14062

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh entrepreneurship, inovasi, dan peluang usaha terhadap kinerja usaha pada wirausaha makanan di Jakarta Barat. Metode penelitian yang digunakan adalah metode deskriptif kuantitatif dengan pengumpulan data melalui kuesioner yang disebarkan kepada 142 wirausaha makanan. Analisis data dilakukan menggunakan regresi linier berganda. Hasil penelitian menunjukkan bahwa entrepreneurship berpengaruh positif secara parsial terhadap kinerja usaha, inovasi berpengaruh positif secara parsial terhadap kinerja usaha, dan peluang usaha tidak memiliki pengaruh signifikan terhadap kinerja usaha. Entrepreneursip, inovasi dan peluang usaha berpengaruh positif secara simultan terhadap kinerja usaha. Temuan ini mengindikasikan bahwa peningkatan kemampuan entrepreneurship, inovasi, dapat meningkatkan kinerja usaha wirausaha makanan di Jakarta Barat. Implikasi praktis dari penelitian ini adalah pentingnya pelatihan dan pengembangan keterampilan entrepreneurship serta dorongan untuk menciptakan inovasi guna meningkatkan kinerja usaha
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.
The Influence of Celebrity Endorser and Brand Image on Rational Purchasing Decisions Scarlett Whitening With Consumer Trust as an Intervening Variable (Case Study of DKI Jakarta and DI Yogyakarta Students) Rian Indra Wibowo; Lenny Christina Nawangsari; Gunardi Endro
Jurnal Ekonomi dan Bisnis Digital Vol. 3 No. 2 (2024): April 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ministal.v3i2.8655

Abstract

The development of free trade has created increasingly fierce business competition, which has encouraged companies to become more creative in carrying out their business activities. The market is characterized by various new products and services, with innovation continuing to develop. The company makes various efforts to increase sales, meet customer needs, and increase trust. Scarlett Whitening is a beauty product quite popular in Indonesia, as seen from its high sales figures, and it can beat foreign products. It is necessary to evaluate and improve several promotional efforts that have been carried out, such as those of celebrity endorsers and brand image, when faced with purchasing decisions and consumer trust as intervening variables. This research aims to determine the influence of Celebrity Endorsers and Brand Image on purchasing decisions, with consumer trust as an intervening variable. This type of research is quantitative. Data is presented through questionnaires distributed to 150 student representatives throughout Indonesia using the SEM PLS method for testing and hypothesizing. The results of this research show that there is no influence between celebrity endorsers and consumer trust and purchasing decisions.