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All Journal Journal of Economic, Bussines and Accounting (COSTING) The IJICS (International Journal of Informatics and Computer Science) JURNAL MAHAJANA INFORMASI Jatilima : Jurnal Multimedia Dan Teknologi Informasi INFOKUM Jurnal Sistem Komputer dan Informatika (JSON) Jurnal Akuntansi, Manajemen dan Ilmu Ekonomi (JASMIEN) Instal : Jurnal Komputer International Journal of Multidisciplinary Sciences and Arts Jurnal Komputer Indonesia (JU-KOMI) Jurnal Manajemen, Akuntansi dan Rumpun Ilmu Ekonomi (MAR-Ekonomi) Marsipature Hutanabe: Jurnal Pengabdian Kepada Masyarakat Pascal: Journal of Computer Science and Informatics JURNAL TEKNOLOGI, KESEHATAN DAN ILMU SOSIAL Jurnal Publikasi Sistem Informasi dan Manajemen Bisnis
Monang Juanda Tua Sihombing
Unknown Affiliation
Humanities Biochemistry, Genetics & Molecular Biology Chemical Engineering, Chemistry & Bioengineering Computer Science & IT Control & Systems Engineering Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Electrical & Electronics Engineering Engineering Health Professions Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Mechanical Engineering Nursing Physics Public Health Social Sciences

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Determinants of Stock Returns with Dividend Policy as a Moderating Variable in Consumer Goods Companies Monang Juanda Tua Sihombing; Sri Trianovie
International Journal of Multidisciplinary Sciences and Arts Vol. 4 No. 3 (2025): International Journal of Multidisciplinary Sciences and Arts, Article July 2025
Publisher : Information Technology and Science (ITScience)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47709/ijmdsa.v4i3.6967

Abstract

This study investigates the determinants of stock returns with dividend policy as a moderating variable in consumer goods companies listed on the Indonesia Stock Exchange during 2020–2024. A quantitative approach was employed using Structural Equation Modeling Partial Least Squares (SEM-PLS) with Smart PLS software. The sample consisted of 61 consumer goods companies selected through purposive sampling. The results indicate that net profit margin has no significant effect on stock returns, suggesting that profitability does not necessarily influence investor decisions in this sector. Inflation, however, shows a positive and significant effect on stock returns, highlighting that inflationary changes encourage investors to adjust their investment strategies. In contrast, the Bank Indonesia interest rate does not significantly affect stock returns, implying that interest rate fluctuations are not a primary factor for investors in consumer goods companies. Furthermore, the residual test demonstrates that dividend policy, measured by the dividend payout ratio, does not moderate the relationships between financial ratios, macroeconomic variables, and stock returns. These findings imply that dividend distribution alone does not guarantee investor interest, as investors tend to prioritize fundamental and long-term company performance over short-term payouts. The study contributes to the literature on stock return determinants by integrating firm level profitability and macroeconomic conditions with dividend policy as a moderating factor. It also provides practical insights for investors and managers, particularly regarding the limited role of dividend policy in influencing investment behavior in the Indonesian consumer goods sector.
Decision Support System for Selecting Business and Industrial Partners (DUDI) for Industrial Internship Placement Using the Simple Additive Weighting (SAW) Method at SMK Negeri 1 Barus Utara Kristian Siregar; Riswan Limbong; RL. Harmadi Tamba; Monang Juanda Tua Sihombing
Pascal: Journal of Computer Science and Informatics Vol. 3 No. 02 (2026): Pascal: Journal of Computer Science and Informatics
Publisher : Devitara Innovations

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

Abstract

Vocational High Schools (SMKs) play a strategic role in producing graduates who are competent, skilled, and prepared to meet the demands of the industrial workforce. One of the core programs designed to achieve this objective is the Industrial Internship Program (Praktik Kerja Industri/Prakerin), which enables students to apply the theoretical knowledge acquired in the classroom to real workplace environments. However, selecting appropriate Business and Industrial Partners (Dunia Usaha dan Dunia Industri—DUDI) remains a challenging task due to the involvement of multiple evaluation criteria, including curriculum compatibility, industrial facilities, accessibility, accommodation costs, and partner reputation. At SMK Negeri 1 Barus Utara, the selection process is still conducted manually, making it susceptible to subjectivity and inconsistency. This study proposes a Decision Support System (DSS) employing the Simple Additive Weighting (SAW) method to objectively rank potential DUDI partners based on predefined evaluation criteria and their corresponding weights. The research adopts a quantitative approach within the Multi-Criteria Decision Making (MCDM) framework. Five assessment criteria were established through interviews with internship coordinators, and five DUDI partners were evaluated as alternatives. The findings indicate that PT Sibolga Citra Komputindo achieved the highest preference score (0.7700), making it the most suitable internship partner. The implementation of the SAW method demonstrates its effectiveness in producing objective, transparent, and measurable recommendations, thereby improving the quality of internship management and supporting informed decision-making in vocational education.
PENGARUH PRAKTIK AKUNTANSI KONSERVATIF, PROFITABILITAS, LIKUIDITAS, LEVERAGE DAN UKURAN PERUSAHAAN TERHADAP PERINGKAT OBLIGASI PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) SEKTOR MAKANAN DAN MINUMAN PERIODE 2020-2023 Robben Sebastian Marcelino Pasaribu; Jhon Lismart Benget. P.; Kevin Simbolon; Advent Josua Simanjuntak; Monang Juanda Tua Sihombing
Journal of Economic, Bussines and Accounting (COSTING) Vol. 9 No. 2 (2026): Journal of Economic, Bussines and Accounting (COSTING)
Publisher : Institut Penelitian Matematika, Komputer, Keperawatan, Pendidikan dan Ekonomi (IPM2KPE)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31539/bfxgha19

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh praktik akuntansi konservatif, profitabilitas, likuiditas, leverage dan ukuran perusahaan terhadap peringkat obligasi perusahaan yang terdaftar di bursa efek Indonesia (BEI) sektor makanan dan minuman periode 2020-2023. Metode penelitian yang digunakan adalah metode kuantitatif dengan memakai data sekunder berupa laporan keuangan tahunan. Teknik pengambilan sampel menggunakan purposive sumpling, sehingga diperoleh 28 perusahaan dengan total 112 observasi. Analisis dilakukan dengan menggunakan regresi linear berganda dengan bantuan SPSS 20. Hasil penelitian menunjukkan bahwa secara parsial, profitabilitas dan ukuran perusahaan bepengaruh secara positif dan signifikan terhadap peringkat obligasi, sedangkan praktik akuntansi konservatif, likuiditas, leverage tidak berpengaruh signifikan. Temuan ini menunjukkan bahwa profitabilitas dan ukuran perusahaan berperan dalam kualitas peringkat obligasi perusahaan, sehingga hasil penelitian ini diharapkan dapat menjadi referensi bagi peneliti-peneliti selanjutnya dalam mengkaji fakktor faktor yang mempengaruhi peringkat obligasi perusahaan.
Analisis Aspek Budaya dan Aspek Pemasaran terhadap Studi kelayakan Bisnis Pada Warkop Lampoeh Kuphi Monang Juanda Tua Sihombing; Michelle Fitalocca Tamba; Grace Anastasia Tamba; Nadhirah Raihanah; Eka Agustina; Ronda Deli Sianturi
Jurnal Akuntansi, Manajemen dan Ilmu Ekonomi (Jasmien) Vol. 6 No. 2 (2026): Jurnal Akuntansi, Manajemen dan Ilmu Ekonomi (Jasmien)
Publisher : Cattleya Darmaya Fortuna

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54209/jasmien.v6i2.2515

Abstract

The rapid growth of coffee shop businesses in Medan City reflects changes in consumer lifestyles and increasing demand for locally produced coffee. As an integral part of Micro, Small, and Medium Enterprises (MSMEs), coffee shops contribute significantly to regional economic development and employment generation. This study aims to examine the influence of cultural aspects and marketing aspects on the business feasibility of Warkop Lampoeh Kuphi in Medan City. A quantitative approach was employed using a survey method involving 100 respondents selected through accidental sampling. Primary data were collected using structured questionnaires and analyzed with the Statistical Package for the Social Sciences (SPSS), including validity, reliability, multiple linear regression, t-test, F-test, and coefficient of determination (R²). The findings indicate that cultural aspects have a positive and significant effect on business feasibility by strengthening local identity, customer loyalty, and social interaction. Furthermore, marketing aspects significantly enhance business feasibility through competitive pricing, product quality, excellent service, and effective word-of-mouth promotion. Simultaneously, both variables significantly influence business feasibility, suggesting that integrating local culture with effective marketing strategies enhances the sustainability and competitiveness of MSMEs.
Co-Authors Abdul Sani Sembiring Advent Josua Simanjuntak Batubara, Muhammad Iqbal Denni M Rajagukguk Denni M Rajagukguk Denni M.Rajagukguk Denny JC Sihombing Edward Robinson Siagian Eka Agustina Elvitrianim Purba Fachry Abda El Rahman Grace Anastasia Tamba Jhon Lismart Benget. P. Kevin Simbolon Khairunnisa Khairunnisa Kristian Siregar Kristian Siregar Kumala Dewi Kumala Dewi M.Rajagukguk, Denni Manalu, Mamed Rofendi Michelle Fitalocca Tamba Muhammad Iqbal Panjaitan Nadhirah Raihanah Nurmala Sridewi Pandi Barita Nauli Simangunsong Panjaitan, Muhammad Iqbal Purba, Elvitrianim Putra Ritonga, Mirwansyah Rajagukguk , Denni M. Riswan Limbong Riswan Limbong RL. Harmadi Tamba Robben Sebastian Marcelino Pasaribu Ronda Deli Sianturi Sembiring, Abdul Sani Siagian, Edward Robinson Siddik Karo-Karo Sihite, A M Hatuaon Simangunsong, Pandi Barita Nauli Sri Trianovie Tamba, RL. Harmadi Trianovie, Sri Zebua, Heppi Ratnawati