Claim Missing Document
Check
Articles

Found 3 Documents
Search

Arbitrage Pricing Theory Model Application on Tobacco and Cigarette Industry in Indonesia Sakina Ichsani; Neneng Susanti; Agatha Rinta Suhardi
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 (386.69 KB) | DOI: 10.33019/ijbe.v3i2.160

Abstract

The purpose of this study was to applicant the Arbitrage Pricing Theory model in the tobacco and cigarette industry listed on the IDX. The APT model in this study uses macroeconomic variables consisting of exports, inflation, exchange rates, GDP and economic growth. Object of this research is companies listed on the Indonesia Stock Exchange in the period 2012-2017 using monthly periods, which is Gudang Garam Tbk., Handjaya Mandala Sampoerna Tbk., and Bentoel International Investama Tbk. This study uses quantitative methods and analysis will be used with regression analysis methods and data processed using Eviews 10. The results of the study show that there are simultaneous effects between the variables of exports (X1), inflation (X2), exchange rates (X3), GDP (X4), and economic growth (X5) on stock returns (Y). There is a significant positive effect between economic growth on stock returns, while there is a significant negative effect between inflation on stock returns and GDP on stock returns. While exports do not affect the stock returns of the tobacco and cigarette industry as well as the exchange rate does not affect stock returns. Suggestions for investors are if investors are going to invest in the tobacco and cigarette industry, then investors should pay attention to the macroeconomic conditions that affect stocks, while for companies can minimize the risks that might occur through agreements between the destination countries for cigarette sales.
Pengaruh Struktur Modal, Perputaran Modal Kerja, dan Ukuran Perusahaan Terhadap Nilai Perusahaan Muhammad Rhamadan Setiawan; Neneng Susanti; Nugi Mohammad Nugraha
Owner : Riset dan Jurnal Akuntansi Vol. 5 No. 1 (2021): Article Research Februari 2021
Publisher : Politeknik Ganesha Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33395/owner.v5i1.383

Abstract

This study aims to obtain empirical evidence regarding the effect of capital structure, working capital turnover, and firm size on firm value. This research is focused on the property and real estate sub-sector companies listed on the Indonesia Stock Exchange for the period 2014-2018. The population in this study were all property and real estate sub-sector companies listed on the Indonesia Stock Exchange as many as 54 companies. The number of observations in this study was as many as 130 company annual reports with 26 research samples obtained by non-probability sampling method, namely purposive sampling technique. The type of data used is panel data which is a combination of time series and cross-section data. The analysis technique used in this research is multiple linear regression analysis. The results of the analysis show that partially the three independent variables, namely capital structure, working capital turnover, and company size have a significant effect on firm value. Simultaneously, Capital Structure, Working Capital Turnover, and Company Size have a significant effect on Firm Value. The adjusted R square value is 32.15% of the Firm Value in the property and real estate sub-sector companies listed on the Indonesia Stock Exchange can be explained by the Capital Structure, Working Capital Turnover, and Company Size, while the remaining 67.85% is influenced by other variables. which were not examined in this study
Role of Teachers in Supply Chain Education in Indonesia Obsatar Sinaga; Heri Heryono; Neneng Susanti; Noor H. Jabarullah
International Journal of Supply Chain Management Vol 8, No 1 (2019): International Journal of Supply Chain Management (IJSCM)
Publisher : International Journal of Supply Chain Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (870.173 KB)

Abstract

Creating student’s interest in supply chain learning is most crucial and significant to achieve better outcomes. It is challenging for the teachers to develop student’s interest in learning. Teachers have been developing and establishing new techniques to stimulate students interest. Therefore, in this direction, the main purpose of this study is to ensure the student’s interest in supply chain education with the help of teacher’s willingness and ability. Furthermore, the moderating role of fun learning by the teacher for enhancing the student’s interest has also been discussed. Besides this was a cross sectional study. Sample size of this study was 300 students of schools. 5-point Likert scale was used to collect the response. Smart PLS software was used to analyze the data. Findings of this study were that teacher’s willingness and ability created interest with the help of fun learning which increases supply chain performance (SCP). Further, it’s also been concluded that fun learning put a strong effect in enhancing student’s creativity and SCP.