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ANALISIS PENGARUH VARIABEL FUNDAMENTAL DAN MAKROEKONOMI TERHADAP EKSPOSUR EKONOMI (Studi pada Perusahaan Manufaktur yang Terdaftar di BEI Tahun 2015-2017 ) Yoseva Maria Pujirahayu Sumaji
Jurnal Bisnis Terapan Vol. 3 No. 02 (2019): Jurnal Bisnis Terapan
Publisher : Politeknik Ubaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24123/jbt.v3i02.2514

Abstract

Globalization is growing rapidly, inter-state economic relations will become intertwined and increase flow of trade of goods and money as well as capital between countries. Changes in macroeconomic indicators occurring in other countries will indirectly impact the country’s economic indicators. Indonesia is one of the countries with the largest potential land for the development of industrial sectors. This is related to the many resources in Indonesia for both raw materials and labour. The results of Indonesia’s manufacturing industry increasingly propagate into world markets. The Central Statistic Agency (BPS) records the Indonesian economy in cumulative growth of 5.78 percent in 2013. The achievement of Indonesia’s economic growth is still far below China and India, however, in terms of economic growth, Indonesia is among the three major. The number of middle class citizens reached 36 million people and was relatively productive. While the manufacturing industry becomes an important component to economic exposure (study on the IDX-listed manufacturing company 2015-2017). There are 120 non-financial companies in Indonesia. The sampling technique in this study is nonprobability sampling (unrandomized withdrawal of samples). The data collection technique in this study is to use the documentation method published by the Indonesian Stock Exchange (IDX). The analysis of the research data includes descriptive statistical analysis, inferential statistical analysis and hypothesis testing.
Analysıs of Market Rısk in Stock Investment Usıng Value at Rısk Method (Study on Manufacturıng Companıes in Lq-45 Lısted on Indonesıa Stock Exchange) Yoseva Maria Pujirahayu Sumaji; Wen-Hsi Lydia Hsu; Ubud Salim
APMBA (Asia Pacific Management and Business Application) Vol 6, No 1 (2017)
Publisher : Department of Management, Faculty of Economics and Business, Brawijaya University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (357.71 KB) | DOI: 10.21776/ub.apmba.2017.006.01.1

Abstract

Capital flows as one part of this economic growth is sourced from the capital markets namely Indonesia stock exchange. The capital markets have a function of economics because capital markets provide a facility or vehicle which brings together two interests, namely those who have excess funds and those who need funds. Before investing, investors should set a goal of investing and the magnitude of the funds invested. Any investment decisions taken have the risks borne by the investor, either investment in bonds or stocks. Stocks with known characteristics of high risk-high return, which means the stock provides an opportunity to earn high profits but also potentially high loss risk. Value at Risk (VaR) models has been extensively used not only in the banking sector but also in calculating in many sectors. The aim of this paper is to outline Value at Risk methodology by giving more emphasis on variance covariance method, historical simulation, and Monte Carlo model. The model used to investigate the applicability and usefulness of VaR in stock investment in Indonesia Manufacturing companies. Using the methodologies as described, the maximum potential loss on each stock and its portfolio of nine stocks calculated at 95% confidence level. The models were validated using back testing and Kupiec test. The research found that there are different results of VaR calculated using variance covariance, historical simulation, and Monte Carlo models. However, variance covariance model is the valid one to measure the maximum potential loss of stocks.
MEASUREMENT OF FINANCIAL RISK TO ECONOMIC POLICY IN INDONESIA Yoseva Maria Pujirahayu Sumaji
FIRM Journal of Management Studies Vol 6, No 2 (2021): FIRM JOURNAL OF MANAGEMENT STUDIES
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/firm.v6i2.1554

Abstract

The world of economy is in a state of uncertainty as shown by the improvement in the projected growth of the world by international institutions. The state of development of the world economy is flutuative due to declining economic growth of developed and developing countries, lower commodity prices, and the difference in direction between monetary and fiscal policy. The development of the world economy can be seen from the Real Effective Exchange Rate (REER) indicator, which sees the exchange rate as a measure of the state of the world economy. This can attract investors to invest in Indonesia due to good REER conditions. REER can be used as one of the reference by investors to make investment decisions in the company that will later affect the company's decision-making. Decision-making will determine how far the company will experience the financial risks that will be set up in risk management. There are 120 non-financial companies registered with IDX Indonesia. The sampling techniques in this study used nonprobability sampling. The inferential statistical analysis conducted in this study is through classic assumption tests, regression analysis, mediation tests and hypothesis tests. The results of the study showed that the Risk Measurement of Economic Policy in Indonesia had a significant positive effect.
THE CALCULATION OF VALUE AT RISK USING VARIANCE COVARIANCE IN LQ-45 COMPANIES Yoseva Maria Pujirahayu Sumaji
Jurnal Bisnis dan Keuangan Vol 6 No 2 (2021): Business and Finance Journal
Publisher : UNUSA Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33086/bfj.v6i2.2156

Abstract

The Government of Indonesia is trying to find some solutions to Indonesia's economic problems. One of the problems of Indonesia's economic growth is the lack of capital and correct calculation of capital risks, especially in stock investments can reduce the occurrence of various capital problems in accordance with the criteria required and obtained by 9 companies analyzed. The analytical method used in calculating market risk in stock investments in this study is variance covariance value at risk. This method is a risk measurement through the highest estimated losses over a period of time and assumed confidence levels. To prove the level of trust of the variance covariance value at risk method, analysis was conducted using back testing method. The results of this study show that the method of calculating variance covariance value at risk is the right and accurate method to calculate market risk from the company's stock.
Effect of Supply Chain Management Practices on Financial and Economic Sustainable Performance of Indonesian SMEs Christina Whidya Utami; Hendro Susanto; Fanny Septina; Yoseva Maria Pujirahayu Sumaji; Ikbar Pratama
International Journal of Supply Chain Management Vol 8, No 5 (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 (445.404 KB)

Abstract

In contemporary business environment firms focus on sustainable Financial and Economic performance. Sustainable performance of the firms happens is the result of continuous value generation for shareholders and stakeholders of firm. This study intended to investigate the effect of Supply Chain Management Practices (SCMP) on Financial and Economic Sustainable Performance of Indonesian SMEs. For the achievement of the objective of study, researcher used quantitative research approach and questioner method was applied for the collection of data. To fulfil the objectives of this study, the data was collected from the managing directors, supply chain managers, planning managers, and procurement managers. PLS-SEM approach was carried out by the study for the examination hypotheses. The results of study concluded that SCM Practices have significant and positive influence on Financial and Economic Sustainable Performance of Indonesian SMEs. Moreover, findings of this study indicated that effective application of SCMP could enhance the financial and economic performance of the SMEs in developing countries. Findings of the study highlighted that the relationship with customer, strategic supplier integration and level of information sharing is necessary for financial and economic sustainable performance of SMEs. This study contributes to Supply chain literature and offer new empirical evidence that supply chain management practices are significant for sustainable financial performance. However, this study used only three SCM practices (relationship with customer, strategic supplier integration and level of information sharing), the other important aspects of SCM practices such as SCM formulation, implementation and evaluation would be used in future research.
PENGARUH GAYA HIDUP TERHADAP MINAT BELI PRODUK KAYU TREE-X Yashinta Armadita Hadi; Damelina Basauli Tambunan; Yoseva Maria Pujirahayu Sumaji
Jurnal Performa : Jurnal Manajemen dan Start-up Bisnis Vol. 7 No. 2 (2022): Performa
Publisher : Universitas Ciputra Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37715/jp.v7i2.2016

Abstract

Covid-19 pandemic causes great impact on all aspects. Event a lot of companies hold to do marketing activity for a while until the condition starts to be normal and under controlled. Each individual reaction on crisis situation during pandemic like recently is different. In addition, during the pandemic, it also causes change of consumer behavior. Survey that had been done by BPS in 2020 showed that there was income change either UMK or UMB. There was income change of course got decreased of 82.29% for UMB and as many as 84.20% for UMK. This income change was caused by its decrease of economic condition due to Covid 19. Its weakening of community purchase intention played great role in income decrease that was experienced by UMK and UMB. This research is done to test the lifestyle factor of risk takers on handicraft product purchase intention, the lifestyle factor of experiencers on handicraft product purchase intention and the lifestyle factor of traditionalists on handicraft product purchase intention. This research uses quantitative method. The population of the research is men and women age of 18 to 29 years old in which its number is certainly unknown. The sampling technique in this research is non-probability sampling with 96 samples. The tool that is used in this research is SPSS 22. This research uses multiple linear regression analysis. The result of this research is the lifestyle of risk takers and the lifestyle of traditionalists significant effect on handicraft product purchase intention. Keywords: Lifestyle of risk takers, Lifestyle of experiencers, Lifestyle of traditionalists, purchase intention
ENTREPRENEURIAL ECOSYSTEM, ENTREPRENEURIAL SELF-EFFICACY, AND ENTREPRENEURIAL INTENTION IN HIGHER EDUCATION: EVIDENCE FROM EAST JAVA Syahrin, Nabila; Sumaji, Yoseva; Utami, Christina
JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis dan Inovasi Universitas Sam Ratulangi). Vol 11 No 1 (2024): JMBI UNSRAT Volume 11 Nomor 1
Publisher : FEB Universitas Sam Ratulangi Manado

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35794/jmbi.v11i1.54548

Abstract

The main objective of this study is to conduct an empirical analysis of the influence of entrepreneurial ecosystem factors (EE) and entrepreneurial self-efficacy (ESE) on entrepreneurial intention (EI). This study also used the role of location as a control variable in this relationship. The population used in this study is among students both in East Java and outside East Java. The sample data obtained by 200 respondents and analyzed using the PLS-SEM approach with the help of Smart PLS 3.0. The results showed that EE had a significant positive effect on student EI. Meanwhile, ESE has a negative influence on EI when directly related, but if treated as a moderator variable, it can strengthen the relationship between EE and EI, although it has not had significant results, To further examine the role of this moderator, the researchers also elaborated the ESE factor with other variables such as Location, Gender, and Age using the ANOVA Two-Way Interaction Test and concluded that ESE can function as Substantial catalysts in encouraging people to embark on entrepreneurial ventures, but the role of the ESE tends to fluctuate, especially as we age.
PENGARUH FIVE ASPECT MEAL MODEL TERHADAP KEPUASAN KONSUMEN PADA KONSUMEN REDBACK SPECIALITY COFFEE SURABAYA Tan, Joseline Ivana Tanuwidjaja; Sumaji, Yoseva
Primanomics : Jurnal Ekonomi & Bisnis Vol. 22 No. 2 (2024): Primanomics : Jurnal Ekonomi dan Bisnis
Publisher : Fakultas Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31253/pe.v22i2.2793

Abstract

RedBack Specialty Coffee is a coffee shop that was founded in 2017 with a modern concept located in elite real estate in West Surabaya. Aspects of the room at RedBack feature an attractive design; the cafe boasts indoor and outdoor spaces, each with its own allure. Customer reviews elaborate that RedBack Coffee GF has excellent decor that aligns with its vibes, which relates to the aspect of atmosphere influencing customer satisfaction. The objective of this research is to ascertain the impact of the Five Aspect Meal Model (consisting of the following elements: Room, Meeting, Product, Management Control System, and Atmosphere) on the dependent variable of Customer Satisfaction as it relates to RedBack Specialty Coffee Surabaya patrons. The research procedure employed in this study is quantitative in nature. The present study employs purposive sampling as its method of sampling. The participants for this study comprised 150 individuals who had patronized RedBack Specialty Coffee Surabaya on at least one occasion within the preceding half-year (November 2022-April 2023). This research employs the SPSS software to analyze the data. The findings of this research demonstrate that various elements of Redback Specialty Coffee—room, meeting, product, management control system, and atmosphere—have a substantial and positive impact on customer satisfaction. The findings of this study emphasize the significance of comprehensive dining experiences in augmenting customer contentment and propose ramifications for the management and marketing approaches of coffee shops.
PUSPENERBAL ENTREPRENEURSHIP PROGRAM MEMBANGUN MINDSET ENTREPRENEURSHIP UNTUK KEMANDIRIAN FINANSIAL PASCA PURNATUGAS Bramantyo, Paskalis Dio; Utami, Christina Whidya; Sumaji, Yoseva Maria Pujirahayu; Susanto, Hendro; Teguh, Monika
ADIMAS Jurnal Pengabdian Kepada Masyarakat Vol 6, No 2 (2022): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/adi.v6i2.4082

Abstract

Transformasi SDM pertahanan ditubuh TNI menuntut pengelolaan SDM secara professional baik dari awal karir hingga menjelang masa purna tugas. Dalam perspektif yang lebih khusus pendekatan human capital pada komponen utama sistem pertahanan dapat dilihat dari aspek adanya human capital capabilities (kapabilitas kemampuan prajurit) harus dimiliki oleh setiap personel dalam rangka mendukung tugas pokoknya sebagai sebuah kemampuan maksimal manusia dalam organisasi termasuk dalam kesatuan Puspenerbal (Pusat Penerbangan Angkatan Laut) Indonesia. Universitas Ciputra melalui program pembinaan bertajuk Puspenerbal entrepreneurship program telah berhasil memberikan jawaban atas tantangan tersebut dengan memberikan pelatihan pada para prajurit TNI AL yang mempersiapkan masa purna tugas. Tujuan program tersebut adalah untuk meningkatkan kompetensi berwirausaha purnawirawan TNI AL yang mendekati masa pensiun dan mengembangkan ide bisnis untuk membangun kemandirian finansial pada masa purna tugas.
PENGARUH MOTIVASI KERJA DAN LINGKUNGAN KERJA TERHADAP KEPUASAN KERJA KARYAWAN UD.PUTRA UYUNG JAYA Indra Putra , Anak Agung Ngurah Manik; Sumaji, Yoseva Maria Pujirahayu
PERFORMA Vol. 8 No. 5 (2023): Performa
Publisher : Universitas Ciputra Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37715/jp.v8i5.3825

Abstract

This research aims to determine the partial and simultaneous effects of work motivation and work environment on employee job satisfaction. The population in this study consisted of 40 respondents. The data analysis techniques used in this study were Classical Assumption Test, Multiple Linear Regression Analysis, Coefficient of Determination Test, F-Test, and t-Test. The results of the study showed that work motivation had a significant positive effect on employee job satisfaction, work environment had a significant positive effect on employee job satisfaction, and simultaneously, work motivation and work environment had a significant effect on employee job satisfaction. The magnitude of the influence of the independent variables on employee job satisfaction was 85.7%. The researchers suggest that the superiors at UD. Putra Uyung Jaya provide motivation that can be beneficial for their employees and create a comfortable work environment for their subordinates, such as providing suitable rooms and ensuring good air circulation and minimal noise.