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THE MACROECONOMIC SURPRISE EFFECTS ON LQ45 STOCK RETURN VOLATILITY Andika, Tommy; Fahmi, Idqan; Andati, Trias
Jurnal Aplikasi Manajemen Vol. 17 No. 2 (2019)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.jam.2019.017.02.06

Abstract

Surprise macroeconomic news causes high volatility in stock market return to the stock market becomes riskier. This study aims to analyze the effects of surprise from the announcement of the United States (US) and domestic macroeconomic news on the LQ45 stock returns volatility. There are 25 stocks chosen because consistently in LQ45 during the 2013 - 2018 research period. The Generalized Autoregressive Conditional Heteroscedasticity (GARCH) model is used to analyze the volatility of returns for each stock. The analysis shows that negative surprise from the Bank Indonesia benchmark interest rate, positive surprise from Indonesia's trade balance, positive surprise from Consumer Price Index US, and positive surprise from ISM Manufacturing US have a significant effect in reducing volatility return and making most LQ45 Stocks return more stable and less risky. Other macroeconomic surprises show different directions of influence. Finally, this study also provides recommendations for the investor to choose stocks according to their respective risk profiles. The risk averse investor can invest in PT Astra International Tbk (ASII), PT Lippo Karawaci Tbk (LPKR) and PT AKR Corporindo Tbk (AKRA) which have low volatility during the release of surprise macroeconomic, while the risk taker investor can invest to PT Astra Agro Lestari Tbk (AALI), PT Vale Indonesia Tbk (INCO), and PT. Media Nusantara Citra Tbk (MNCN) which respond to many surprises of macroeconomic news.
Pengungkapan Corporate Social Responsibility Berdasarkan Global Reporting Initiative 3.1 di Indonesia Handrian, Irfan; Fahmi, Idqan
Jurnal Aplikasi Manajemen Vol. 13 No. 1 (2015)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/

Abstract

This research objectives are (1) Assess the level of CSR in public companies in Indonesia based on their sustainability reports (2) Suggest improvements for CSR assessment framework. Based on secondary data obtained from Companies sustainability reports registered on the Stock Exchange. Through descriptive analysis method and the AHP weighting scale to see the priority of parameter. CSR in Indonesia during the year 2007-2012 showed a small percentage of CSR reporting, proving the laws are still weak, low motivation on the part of the company and the low influence of stakeholders (stakeholders). According to the results of the company-s CSR reporting based on GRI 3.1 in Indonesia, has a value of B and A +. Mapping CSR pyramid based company Caroll in Indonesia shows that the company including the philanthropic category is an important sector is the mining sector; infrastructure, utilities and transportation; and consumer goods industries.
Analisis Kepuasan Masyarakat terhadap Pembuatan Akta Kelahiran di Depok, Jawa Barat Windyani, Amita Rizka; Hubeis, Aida Vitayala S.; Fahmi, Idqan
Jurnal Aplikasi Manajemen Vol. 12 No. 1 (2014)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Birth certificate is a basic civil right that should be granted to every citizen. Dinas Kependudukan dan Pencatatan Sipil (Disdukcapil) as a birth certificate registration organizers seek to provide excellent service with attention to people's satisfaction. This study aim to analyse the commitment of Disdukcapil in the service of registration of birth certificate, analyse the level of public satisfaction about Disdukcapil's public service, and formulate a strategy to improve the quality of service. The research method is descriptive analysis. The data used are primary and secondary derived from observations, interviews, and questionnaires. Internal officer's perceptions were analyzed using the test of customer service and customer-focused test characteristics. Customers's perceptions were analyzed using SERVQUAL method, Importance Performance Analysis, and Customer Satisfaction Index. The results show that Disdukcapil structural officers have had community-oriented in the implementation of public service. Characteristics that stand out in the application of quality management is readiness to find and eliminate the problems of the people on birth certificate registration. Servqual analysis results show that acceptable performance is still below people's expectations so that the gap is negative. Importance-performance analysis show that the attributes need immediate attention is the service support materials, attitude immediately provide service and a helpful attitude when busy. Overall community satisfaction index had reached Satisfied level.
Perancangan Sistem Pengukuran Kinerja Otoritas Pelabuhan Pana, Otto Baka; Fahmi, Idqan; Damar, Ario
Warta Penelitian Perhubungan Vol. 29 No. 1 (2017): Warta Penelitian Perhubungan
Publisher : Sekretariat Badan Penelitian dan Pengembangan Perhubungan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25104/warlit.v29i1.312

Abstract

Otoritas Pelabuhan adalah lembaga pemerintah di pelabuhan sebagai otoritas yang melaksanakan fungsi pengaturan, pengendalian, dan pengawasan kegiatan kepelabuhanan yang diusahakan secara komersial. Oleh karena itu perlu sebuah metode pengukuran kinerja yang komprehensif yang menyeleraskan visi dan misi organiasasi ini dalam menjawab kebutuhan dunia kepelabuhanan yang sudah semakin berkembang dan kompleks. Balanced scorecard  menawarkan suatu peta jalan yang sistematis, obyektif, dan komprehensif untuk menerjemahkan pernyataan visi dan misi ke dalam sekumpulan ukuran kinerja yang saling berkaitan. Perancangan sistem pengukuran kinerja Otoritas Pelabuhan mengambil studi kasus pada Kantor Otoritas Pelabuhan Utama Tanjung Priok karena dianggap lebih kompleks dan mewakili Otoritas Pelabuhan yang ada di Indonesia. Perancangan pengukuran ini mengambil metode balanced scorecard yang dilakukan dengan melibatkan pihak manajemen Otoritas Pelabuhan Utama Tanjung Priok dangan beberapa ahli manajemen kepelabuhan. Metode analisis yang diterapkan untuk pengolahan data adalah AHP (analytical hierarchy process). Hasil AHP menunjukan urutan kepentingan tiap perspektif pada balanced scorecard pelabuhan. Hasil dari penyebaran kuesioner diperoleh nilai pembobotan dari keempat perspektif balanced scorecard, yaitu: responden memilih perspektif pelanggan sebagai perspektif yang paling penting yang ditandai dengan nilai tertinggi yaitu sebesar 37,5% terhadap visi Otoritas Pelabuhan, perspektif pembelajaran dan pertumbuhan sebesar 31,5%, kemudian diikuti oleh perspektif keuangan sebesar 17,6%, dan yang terakhir adalah perspektif proses bisnis internal 13,4%.
Strategy and Business Model Reformulation for Development of Zakat, Infaq, Alms, and Waqf (ZISWAF) (Case Study Bank XYZ, Pekanbaru) Rahman, Aulia; Fahmi, Idqan; Saptono, Imam Teguh
Journal of Consumer Sciences Vol. 7 No. 2 (2022): Journal of Consumer Sciences
Publisher : Department of Family and Consumer Sciences, Faculty of Human Ecology, IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jcs.7.2.149-168

Abstract

Indonesia has enormous potential for zakat and waqf, but Bank XYZ has not maximized the collection through the sharia business unit (UUS). Therefore, it is necessary to reformulate the strategy and business model of developing ZISWAF Bank XYZ in order to obtain optimal results. This study used a qualitative descriptive method with a case study at Bank XYZ. The research was conducted from February 2021 to October 2021. The response survey was determined based on purposive sampling consisting of internal practitioners, academics, BWI, BAZNAS, and ziswaf institutions affiliated with Islamic banks. The data collection technique was based on observation, in-depth interviews, and questionnaires to respondents. Data analysis used IPA, BMC, SWOT, and QSPM approaches. Based on IPA analysis, this study recommends that three selected elements be developed: value proposition, channel, and critical resource. Technology adjustment and strengthening of bank image as ZISWAF recipients, improving bank channels through optimizing office networks and utilizing social media marketing and customer databases, as well as improving SOPs to improve the business model of Bank XYZ in the future.
The Antecedents of Intention to Use Telemedicine Khotimah, Fitri Kinasih Husnul; Fahmi, Idqan; Hartono, Sri
Journal of Consumer Sciences Vol. 7 No. 2 (2022): Journal of Consumer Sciences
Publisher : Department of Family and Consumer Sciences, Faculty of Human Ecology, IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jcs.7.2.97-115

Abstract

The Covid-19 pandemic has accelerated the adoption of technology in various sectors, one of which is the healthcare industry. Telemedicine users increased during the Covid-19 pandemic, but only 10% of Indonesia's population. This study aims to analyze the factors influencing the intention to use telemedicine. This research uses a descriptive quantitative method. The sampling technique used non-probability sampling with a voluntary sampling technique. Data analysis applied Structural Equation Modeling using LISREL version 8.8. Data were obtained from 225 respondents in Greater Jakarta and Greater Bandung from January to March 2022, but only 192 were included in the analysis. The results showed that the intention to use telemedicine was directly influenced by attitude (A) and indirectly influenced by interrelated variables such as trust (T), perceived ease of use (PEU), perceived usefulness (PU), information quality (IQ), service quality (SrQ), and system quality (SQ). Implications that telemedicine service providers can apply to increase the use of telemedicine are to create the best experience, user friendly, provide complete information, and increase the reliability of information systems.
Analysis of Marketing Mix and MSME Loan Distribution Strategies at Bank Tabungan Negara Alfarizy, Rifki Salman; Fahmi, Idqan; Santoso, Moch Hadi
Journal of Consumer Sciences Vol. 9 No. 1 (2024): Journal of Consumer Sciences
Publisher : Department of Family and Consumer Sciences, Faculty of Human Ecology, IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jcs.9.1.63-81

Abstract

Bank Tabungan Negara (BTN), a state-owned company, is committed to the government to expand access to capital for all MSMEs. Bank BTN MSME, loan distribution performance, is still low and unable to meet the targets set by the government and regulators, so further studies need to be carried out through market research. This research aims to analyze the marketing mix on the decision to use BTN MSME loan products and formulate loan distribution strategies by improving the marketing mix in connection with the low performance of Bank BTN's MSME loan distribution. The sampling technique used convenience sampling involving 100 respondents, who were then analyzed using SEM-PLS and Importance Performance Analysis (IPA) matrix to determine priorities for improving the marketing mix. The results show a significant effect of the marketing mix variables product, price, place, promotion, people, and process on the decision to use a BTN MSME loan, while the physical evidence does not have a significant effect. There are five indicators of marketing mix variables that take in the high-priority quadrant of the IPA Matrix: price suitability, price affordability, processing time, convenience, and online channels. Based on research results, Bank BTN is advised to prioritize improvement strategies on these five variable indicators to increase BTN MSME loan distribution.
Sistem Rantai Pasok Dan Traceability Sayuran Hidroponik Di PT. Asabi Riany, Matelda Septia; Fahmi, Idqan; Suprehatin, Suprehatin
Mimbar Agribisnis : Jurnal Pemikiran Masyarakat Ilmiah Berwawasan Agribisnis Vol 10, No 1 (2024): Januari 2024
Publisher : Universitas Galuh

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25157/ma.v10i1.11888

Abstract

Supply chain and traceability are solutions for horticultural production, because supply chain can add value for product and traceability exists to ensure transparency, reduce the risks and costs. Asabi is one of the companies that runs horticultre business in Bogor with hydroponics systems. The presence of retail consumers needs higher quality, ensure integrity and safety. Therefore Asabi needs to implement a supply chain system and traceability for that consumer demand. This study uses primary data about business process, cycle time, and cost from observation and interviews with Asabi’s team. Secondary data: SCORmark by APICS and SCOR data by similar companies from internet and related research journal. Data were used to descriptive analysis using FSCN, calculating the SCOR, and analyzing the development of traceability. The data compare in two situations, before (H1) and after retail customers (H2). Asabi supply chain consists of upstream, processing and downstream. Supply chain SCOR performance shows that retail increases Asabi's sales, but lower reliability, and high cost. The traceability has not been built yet in Asabi, from the simulation application, Asabi needs to estimate the harvest, improve the sorting process and utilize the use of greenhouses to increase reliability and minimize costs.
Co-Authors abdul halim Adelia Oktarina Adetiya Prananda Putra Adi Yusup Tauruy Adi, Dian Purnomo Adwirman Adwirman Agus Maulana Agus Maulana Agus Maulana Agus Setiyono Agustina Widi Palupiningrum‬ Ahmad Mukhlis Yusuf Ahmad Mukhlis Yusuf Ahmad Mukhlis Yusuf Ahmad Ridho Aida Vitayala S. Hubeis Aida Vitayala S. Hubeis Aida Vitayala S. Hubeis Aisyah Fitri Yuniasih Alfarizy, Rifki Salman Alla Asmara Amita Rizka Windyani Amita Rizka Windyani Andika, Tommy Andreas Nicholas Gandaputra Simbolon Angraini, Febi Adnesia Anny Ratnawati Anwar Hadi Musaddad Aria Kekalih Ariani Dian Pratiwi Arief Daryanto Arief Daryanto Arief Safari Arief Safari Arief Safari Arif Imam Suroso Arif Satria Ario Damar Aslam Mei Nur Widigdo Aulia Rahman Aurora Nur Firdausi Azhar Syahrir Bagus Sartono Bambang Eka Muliano Bambang Juanda Cecep Mukti Soleh Chandra Dewi, Galuh Deasy Indriani Dedi Kurniadi Dedy Aguspriandono Suprapto Deni Sakri Harumantaka Dhanu Dian Widi Prasetyo Diani Mustika Prianti Didin Hafidhuddin MS Dodi Supriatna Dodik Ridho Nurrochmat Dodik Ridho Nurrohmat DWI SURYANTO E. Gumbira Sa'id E. Gumbira-Sa’id Eka Nurjati Eka Sudarmaji Erliza Noor Ernawati, Erni Ety Sri Setiyanti Evy Damayanthi Fajar Adi Febi Adnesia Angraini Galuh Chandra Dewi Gendut Suprayitno Handayani Boa Handrian, Irfan Hardianto, Andi Harianto Harianto Haryono, Adi Hasim Hendra Wijaya Hendro Sasongko Hermanto Siregar Heryandri, Kemal Heti Mulyati Hilman Hakiem Homisah Homisah Huub Mudde Ika Febriana Imam T Saptono Imam Teguh Saptono Imam Teguh Saptono Indra Setia Dewi IPB, DGB Irfan Handrian Irfan Syauqi Beik Isak Kehek Jovan Sinaga Kemal Heryandri Khodijah Mustaqimah Khotimah, Fitri Kinasih Husnul Lala M Kolopaking Luky Adrianto M Agus Setiadi Ma'mun Sarma Machfud Maghfira Puti Gaisani Mahpud Mahpud Marimin , Marimin Marimin Moch. Hadi Santoso Mohamad Syamsul Ma’arif Muhamad Randy Wiguna Semesta Muhammad Erianto Septayadi Muhammad Firdaus Muhammad Firdaus Muhammad Syafei Mukhamad Najib Musa Hubeis Nada Maharani Wiradarya Nadya Tanaya Ardianti Nahrowi Niken Dyah Wanodyanti Nina Kurnia Dewi Noorisiva Larasati Nurjati, Eka Oktarina, Adelia Oktariza, Wawan Pana, Otto Baka Parmana Parmana Purwiyatno Hariyadi Putri Irina Mayang Sari Raden Dikky Indrawan Ratih Wulandari Ratnadianti, Aulia Reza Satrya Arjakusuma Riany, Matelda Septia Rifki Ismal Rifki Ismal Rifki Ismal Rina Oktaviani Rini Andrida Rita Nurmalina Rizal Syarief Roy Hutahaean Ruddy Suwandi Sa'id, E. Gumbira Safira Aulia Rosalini Salman Al Parisi Santoso, Moch Hadi Saptowulan Satyawan Sunito Savelia Salsa Bila Setiadi Djohar Setiadi Djohar Shalihati, Fithriyyah Shinta Setiadevi Siti Jahroh Soegesty, Nugraha Bagoes Sofyan Baehaqie Sri Damar Setiawan Sri Hartono, Sri Sri Hartoyo Sri Hartoyo Sri Mulatsih Sri Purwaningsih, Sri Sri Wahyuni Sudradjat Sufrin Hannan Suhartoyo Suhartoyo Suhendi Sumiati Suprehatin Suprehatin Suria Darma Tarigan Syarifah Amaliah Syekh Farhan Robbani Tambunan, Sofyan Ahmadi Tandra, Hansen Tanti Novianti Toni Priyanto Trias Andati Trias Andati Ujang Sumarwan Ulfah Juniarti Siregar Utami Dyah Syafitri Vera Nora Indra Astuti Wahyu Rosid Widodo CK, Agus Puji Yandra Arkeman Yandra Arkeman Yelli Yulian Yelli Yulian Yeni Marlina Yohandira Yohandira Yossi Wibisono Yossi Wibisono Yudha Heryawan Asnawi Yudhie Dwi Kristanto Yulistiana Endah Utami Yusman Syaukat Zeetpy Maisana