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Sales Growth and Firm Size Impact on Firm Value with ROA as a Moderating Variable Thomas Sumarsan Goh; Henry Henry; Erika Erika; Albert Albert
MIX: JURNAL ILMIAH MANAJEMEN Vol 12, No 1 (2022): MIX: Jurnal Ilmiah Manajemen
Publisher : Universitas Mercu Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22441/jurnal_mix.2022.v12i1.008

Abstract

Objectives: This study aims to determine the sales growth and firm size impact of the firm value, and the return on assets as the moderating variable. These independent variables are the sales growth and firm size, where the dependent variable is firm value. The objects of this study are the consumer goods companies which was listed on the Indonesia Stock Exchange market from 2015 to 2020.Methodology: The amount of sample is ten consumer goods companies based on the purposive sampling technique. The research method is using SPSS application to run the regression analysis and which covered the descriptive statistics, classical assumption tests, multiple linear regression analysis, moderation regression analysis, and the hypotheses tests. The data of the study are normally distributed, free from multicollinearity and heteroscedasticity.Finding: The hypothesis results show that sales growth results have negative impact and not significant to the firm value; the total assets have positive impact and not significant on the firm value; sales growth and total assets have impact on the firm value which is not significant simultaneously. Investors have to be careful on investing in the company because if they are taking sales growth and firm size into the account to invest, this may make mistakes. The variable of ROA also cannot moderate the model. Conclusion: A company with high sales growth and large firm size does not guarantee to operate efficiently to generate profit and increase the firm value. 
Dividend Policy as Moderating Variable to the Consumer Goods Company on the Indonesia Stock Exchange Nagian Toni; Enda Noviyanti Simorangkir; Thomas Sumarsan Goh
Binus Business Review Vol. 12 No. 3 (2021): Binus Business Review
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/bbr.v12i3.6815

Abstract

The capital market in Indonesia includes many companies from several sectors. One company that cannot be separated from the Indonesian stock market is a consumer goods company. The research aimed to analyze the effect of profitability and capital structure on the company with dividend policy as moderating variable to the consumer goods companies registered on the Indonesia Stock Exchange in the period of 2014-2018. The population in the research was consumer goods companies with subsector of food and drink, cigarette, cosmetic pharmacy, and household goods and appliances. The research applied purposive sampling and obtained 15 companies with 5 years of observation or around 75 samples. Then, the data were analyzed using Smart PLS 3.0. The analysis result shows that profitability, capital structure, and company size positively and significantly influence the company value. However, dividend policy cannot moderate the effect of profitability and capital structure on the company value. The dividend policy can moderate the effect of company size on the company value. Then, profitability, capital structure, and company size influence the company value of 88,6%, while the other factors influence the rest. Investors should decide on issuers with high profitability above 5%, the optimal capital structure with the debt-to-equity ratio between 0,8-1,2, and total assets above five trillion Rupiah.
The Influence of CSR, the Size of the Board of Commissioners and Leverage on Profitability of Manufacturing Companies Listed in BEI Thomas Sumarsan Goh; Henry Henry; Erika Erika
Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences Vol 4, No 1 (2021): Budapest International Research and Critics Institute February
Publisher : Budapest International Research and Critics University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33258/birci.v4i1.1756

Abstract

This research aims to know the impact of CSR, number of commissioners committee and leverage on profitability at manufacturing companies at Indonesian Stock Exchange. This study is quantitative descriptive. The data collection is from taking manufacturing companies’ financial statements that are listed at Indonesian Stock Exchange, according to the number of samples, selecting from purposive sampling. Data analysis method is multiple regression method at 5% of significant. The result of the study is the coefficient determination is 20.6%, means that the impact of independent variables is 20.6%, and the remaining is affected by other variables. The result of the study shows that leverage has impact on ROA, partially, and CSR and number of commissioner have no impact on ROA; however, simultaneously, CSR, number of commisioners and leverage has impacted significantly on ROA
Faktor yang Mempengaruhi Return Saham dengan Harga Saham sebagai Variabel Moderasi (Studi Kasus pada Perusahan Perbankan yang Terdaftar di BEI) Thomas Sumarsan Goh; Henry Henry; Syawaluddin Syawaluddin; Erika Erika; Albert Albert
Owner : Riset dan Jurnal Akuntansi Vol. 6 No. 1 (2022): Artikel Volume 6 Nomor 1 Januari 2022
Publisher : Politeknik Ganesha Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33395/owner.v6i1.612

Abstract

This study aims to know the factors that impact stock return with Market Price as the moderating variable of the banking company listed on the IDX from 2015 to 2020. The data is retrieved from idx.co.id. The population of this article is 43 banking companies, and to select the sample for this article has used purposive sampling and has selected 11 companies. The analysis method of this article has used descriptive statistics. The data has gone through BLUE (best linear unbiased estimator) test, such as normality test, autocorrelation test, multicollinearity test, and heteroscedasticity test before doing the hypothesis test. Further, the analysis data has used F-test, t-test, the equation of multiple linear regression, determination coefficient, and moderation. The study's findings are that, partially, LDR does not affect SR, ROA does not affect SR, and BOPO does not affect SR. PBV can not moderate the effect of LDR, ROA, and BOPO on stock return. The determination coefficient is 0.048 (4.8%), which means that the LDR, ROA, and BOPO have impacted SR as much as 4.8%, and the remaining is affected by other factors. The contribution of the research is to help the investors select the right stock.
Computer Anxiety and Computer Attitude in Increasing Staffs’ Interest in Using the System through Perceived Usefulness and Perceived Ease of Use Hantono Yang; Thomas Sumarsan Goh; Partogian Sormin
Quantitative Economics and Management Studies Vol. 3 No. 3 (2022)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (723.834 KB) | DOI: 10.35877/454RI.qems923

Abstract

Nowadays information technology has developed rapidly therefore the need for Information Technology (IT) has become an essential for every organization, especially in carrying out activities so that an accounting information system implemented properly, can produce reliable financial information for the company. The use of technology in information systems in running a business should consider the usability and convenience of its users so that the system becomes effective. The purpose of this study was to analyze the effects of Computer Anxiety and Computer Attitude in terms of aspects in increasing employees’ interest in operating the system through perceived usefulness and perceived ease of use. The research was conducted on employees in the company in Medan city. The number of research samples were 200 respondents selected by non-probability sampling method. Data was collected by using a questionnaire via google form and literature studies supporting this research. The method used in this study were the Structural Equation Model (SEM) using Partial Least Square (PLS) version 3.0. PLS consists of external relationships (outer model) and internal relationships (inner model), cross loading > 0.7, Composite Reliability, Convergent Validity, Exploratory Factor Analysis (EFA) and Confirmatory Factor Analysis (CFA). Based on the results of the analysis, it was found that computer anxiety had no effect on interest, while Computer Attitude, Perceived Usefulness, Perceived Ease of Use had an effect on interest
THE INFLUENCE OF WORKLOAD AND INTELLECTUALS ON THE WORK ETHIC OF PT. MEGA BINTANG MAS MEDAN Wiriaty Wijaya; Syawaluddin; Aidil Putra; Thomas Sumarsan Goh
JIM UPB (Jurnal Ilmiah Manajemen Universitas Putera Batam) Vol 10 No 2 (2022): Volume 10 Nomor 2 2022
Publisher : Universitas Putera Batam

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33884/jimupb.v10i2.5633

Abstract

This research was conducted on employees who work at PT. Mega Bintang Mas Medan. The purpose of this study was to determine and analyze the influence of workload and intellectuality on the work ethic of employees. The population and sample in this study amounted to 31 people. The sampling technique used is saturated. Data collection techniques are by distributing questionnaires and interviews. Data analysis used multiple linear regression analysis. The conclusion in the study that simultaneously workload and intellectual have a positive and significant effect on the work ethic of employees of PT. Mega Bintang Mas Medan. Partially, the workload affects the work ethic of the employees of PT. Mega Bintang Mas Medan. Partially, intellectuals do not have a positive and significant effect on the work ethic of the employees of PT. Mega Bintang Mas Medan. The magnitude of the coefficient of determination can be seen from the value of Adjusted R Square is: 0.330 means Workload and Intellectuals are able to explain the work ethic of employees by 33.0% while the remaining 67.0% is influenced by variables not examined such as: organizational culture, work environment, motivation work, and so on.
The Influence Of Work Facilities And Work Placement On Work Performance Of Pt. Masa Mitra Pratama Medan Caroline Iewanto; Syawaluddin; Aidil Putra; Thomas Sumarsan Goh
Jurnal Mantik Vol. 6 No. 2 (2022): August: Manajemen, Teknologi Informatika dan Komunikasi (Mantik)
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/mantik.v6i2.2641

Abstract

PT. Masa Mitra Pratama is a company engaged in the service and sale of banking electronic needs such as: money counting machines, teller machines, and others who started their business in 2007 and continues to grow by opening various branches, one of which is located in Medan. Employees cannot perform well at work such as: in terms of quality, employees often make mistakes in completing their work. The company does not provide adequate facilities for its employees. Employee work placements in the company are still not in accordance with the criteria or abilities possessed by employees, making employees slow to work. This research uses quantitative descriptive research. The research population that will be used in the study is all employees who work at the company as many as 41 employees. Determination of the research sample using saturated sampling. Simultaneously there is a significant influence between the variables of work facilities and work placement on the work performance of PT. Masa Mitra Pratama . While partially found the variable work facilities have a significant effect on the work performance of PT. Masa Mitra Pratama . Partially it was found that the work placement variable had a significant effect on the work performance of PT. Masa Mitra Pratama . The results of this study indicate that the variable work facilities have more influence than work placement on the work performance of PT. Masa Mitra Pratama
The Effect Of Discounts And Consumer Behavior On Customer Loyalty Of Pt. Masterban Berkat Indonesia Leony Chandra; Syawaluddin; Aidil Putra; Thomas Sumarsan Goh
Jurnal Mantik Vol. 6 No. 2 (2022): August: Manajemen, Teknologi Informatika dan Komunikasi (Mantik)
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/mantik.v6i2.2642

Abstract

PT. Masterban Berkat Indonesia is a company engaged in the sale of tires and repairs which is located at Jalan Prof. HM. Yamin No. 271 BC, Medan. Customer loyalty to the company is still relatively low so that customers rarely make purchases and some customers are seen often trying products from other companies and starting to switch from the company. There are complaints or complaints given by consumers regarding the price of products from the company where consumers judge that the company has never given discounts or discounts to consumers even though they have often made purchases. Lack of understanding of consumer behavior from the company makes it difficult for companies to know the needs and desires of consumers so that attracting consumers to buy regularly becomes difficult. This research uses quantitative descriptive research. The total population in the study was 133 customers. The sampling technique using the Slovin formula was obtained as many as 100 samples. Simultaneously there is a significant influence between the discount variable and consumer behavior on customer loyalty at PT. Masterban Berkat Indonesia. While partially it was found that the discount variable had a significant effect on customer loyalty at PT. Masterban Berkat Indonesia. Partially, it was found that consumer behavior variables had a significant effect on customer loyalty at PT. Masterban Berkat Indonesia. The results of this study indicate that consumer behavior variables have more influence than discounts on customer loyalty at PT. Masterban Berkat Indonesia.
The Influence Of Organizational Culture And Communication On Work Conflicts Of Employees At Pt.Nagamas Agro Mulia Medan Melissa Rinata; Syawaluddin; Aidil Putra; Thomas Sumarsan Goh
Jurnal Mantik Vol. 6 No. 2 (2022): August: Manajemen, Teknologi Informatika dan Komunikasi (Mantik)
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/mantik.v6i2.2643

Abstract

PT. Nagamas Agro Mulia is a company engaged in the processing of palm oil. Phenomena that occur in the company are: the existence of work conflicts between employees, causing disruption to company activities. This problem is allegedly caused by organizational culture and communication. The population in this study were all employees of PT. Nagamas Agro Mulia, totaling 174 employees. This study uses the Slovin Formula, so the number of samples is 121 respondents. This study uses multiple linear regression analysis to get a picture of the relationship between variables. The results of the simultaneous hypothesis test show that simultaneously, organizational culture and communication have a significant effect on work conflict of employees at PT. Nagamas Agro Mulia Medan. Partially, each variable of organizational culture and communication has a significant effect on work conflicts of employees at PT. Nagamas Agro Mulia Medan.
PENGARUH GAYA KEPEMIMPINAN DAN FASILITAS TERHADAP PRODUKTIVITAS KERJA KARYAWAN PT. KENCANA ANDALAN NUSANTARA Melisa Melisa; Syawaluddin Syawaluddin; Mila Asmawiani Okta; Thomas Sumarsan Goh
Eqien - Jurnal Ekonomi dan Bisnis Vol 11 No 1 (2022): EQIEN- JURNAL EKONOMI DAN BISNIS
Publisher : Sekolah Tinggi Ilmu Ekonomi Dr Kh Ez Mutaqien

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (580.462 KB) | DOI: 10.34308/eqien.v11i1.828

Abstract

PT. Kencana Andalan Nusanatara is one of the companies engaged in the development of oil palm. For the office of PT. Kencana Andalan Nusantara Medan itself is located on Jalan Cemara No.3, Medan. PT. Kencana Andalan Nusantara Medan also has 42 employees. Decreased employee productivity causes employees to be unable to work effectively and efficiently in providing optimal work results to the company. Superiors are considered unable to make good decisions when needed by their subordinates and make subordinates have to spend time waiting for directions from superiors. Strict supervision and care in order to make employee expenses efficient makes it difficult for employees to work. This research uses quantitative descriptive research. The total population in the study was 42 employees with a sampling technique using a saturated sample. Simultaneously there is a significant influence between the variables of leadership style and facilities on the work productivity of employees of PT. Kencana Andalan Nusantara. While partially found leadership style variables have a significant effect on the work productivity of employees of PT. Kencana Andalan Nusantara. Partially it was found that the facility variable had a significant effect on the work productivity of PT. Kencana Andalan Nusantara. The results of this study indicate that the facility variable has more influence than the leadership style on the work productivity of PT. Kencana Andalan Nusantara.
Co-Authors Abda Abda Agus Kristian Agustina Agustina Ahmad Ramadan Aidil Putra Aidil Putra Aidil Putra Aidil Putra Aidil Putra Aidil Putra Aidil Saputra Albert Albert Albert Albert Albert Albert Aldy Vincent Alpian Tionarto Alvin Alvin Alvinia Christina Sinaga Amin Hou Anasthasia Pricillia Handayani Angel, Mary Angelai Rena Angelina Fransisca Angeline Malik Apriani Magdalena Sibarani Apriani Magdalena Sibarani Archa Erica Arison Nainggolan Arison Nainggolan, Arison Aroha, Lila Arthika Iradat R Lase Arthur Simanjuntak Billy Jovan Bramanto Wijaya Carin Carin Carissa Carissa Caroline Iewanto Cherry Cherry Chon Cho Reynols Manday Chon Cho Reynols Manday Chrestella Chrestella Christina Marsella Cindy Jessica Cindy Seleste Clara Pasha Lim Clarissa Daslim Cleren Cleren Cynthia Cynthia Cynthia Daniel Christian daniel christian Darwanto Pangestu David David David Patar Sitangggang Denny Denny Desy Putri Sari Dewi Fortuna Diego Abbas Dimita H. P. Purba Dona Pasaribu Duma Megaria Elisabeth Duma R. Situmorang Duma Rahel Situmorang, Duma Rahel Eda Judith Edison Sagala Edison Sagala Edison Sagala Edison Sagala Edison Sagala Edison Sagala Edison Sagala Edwin Edwin Elcy Handayani Pramita Elcy Handayani Pramita Elcy Handayani Pramita Elcy Handayani Pramita Eldo Wijaya Elidawati Elidawati Elidawati Elidawati Elidawati Elidawati Elidawati Elidawati Elidawati Elidawati Elidawati Elidawati Elidawati Elidawati Elidawati, Elidawati Enda Noviyanti Simorangkir Erika Erika Erika Erika Erika Erika Erika Erika Erika Erika Erika Erika Erika Errie Margery Errie Margery Errie Margery Errie Margery Errie Margery Errie Margery Ester Ananda Natalia Eva Julia Gunawati Harianja Fadillah, Ega Nur Falio Kristianto Fandy Susanto Farida Sagala Fati Gratianus Nafiri Larosa Fernando, Allen Stephen Feronika Feronika Fidelia, Jesselynn Fitriyanti, Elvira Frith Willy Geraldo Fransiskho Ginting, Mitha C. Ginting, Mitha Christina Giovanna Lodeva Gracesiela Y Simanjuntak Gracesiela Y Simanjuntak HAN TONO HANTONO Handayani Pramita, Elcy Handoko Syahputra Salim Henny Permata Sari Henry Henry Henry Henry Henry Henry Henry Henry Henry Henry Henry, Henry Heri Imanuel Nadeak Hery Hery Hong, Rita Hotlan Butar-Butar Hutabarat, Chiristian Veri Irene Apriani Widjaya Ivo M. Silitonga Ivo Maelina Silitonga Jaja Suteja Jamaluddin Januardi Mesakh Jatongam Nainggolan Jatongan Nainggolan Jeffry Tanoto Jennifer Jennifer Jessica Jessica Jessica Jessica Jeudi A. T. P. Sianturi Jimmy Andreas Juliani Juliani Julianti Julianti, Julianti Julina Julina Kamal Arif Al-Farouqi Karen Karsa, Aldo Hermaya Aditiya Nur Kelvin Alwendo Kenny Khaterine Pratama Kristanty M N Nadapdap Larosa, Dian Priliany Lase, Arthika Iradat R Leni Leni Leony Chandra Lianna Primavera Liem, Gai Sin Lisa Fredicia Lisa Susan Liviani Luis Andreas Mahfudi, Khasan Malik, Angeline Manda Dwipayani Bhastary Margery, Errie Mario Handoko Markus Doddy Simanjuntak Melanie Friska Melanthon Rumapea Meliati Meliati Melisa Melisa Melissa Rinata Melviana Melviana Melviana, Melviana Merry Anna Napitupulu Michael Tek Kaslim Putra Mila Asmawiani Mila Asmawiani Okta Mila Asmawiani Okta Mila Asmawiani Okta Mila Asmawiani Okta Mirabel, Ellene Mitha Christina Ginting Mulatua Silalahi, Mulatua Nadapdap, Kristanty M.N. Nadeak, Heri Nagian Toni Nagian Toni Nagian Toni Naipospos, Cindy Febly Kisse Nasib Niastyna Simorangkir Nindy L Simanullang Noveliana Noveliana Novita Sari nur subiantoro Nyoto Nyoto Nyoto Nyoto, Nyoto Panjaitan, Rike Yolanda Pomelia Pomelia Pomelia, Pomelia Pramita, Elcy Handayani Putri J. Sitorus PUTRI JESICA SITORUS Qurotul Aini Rahel Junita Rahel Yunita Raja, Rosmauli Lumban Ramulia Sembiring Rasmulia Sembiring Regina Jaya Reki Briyan Iwan Saputra Ricardo Albert Richard Richard Rike Y. Panjaitan Rimky M. P. Simanjuntak Rimky Mandala Putra Simanjuntak Rinaldi Rintan Saragih Rita Hong Robinhot Gultom Rocky Louis Linardi Roma Simbolon Sagala, Edison Sagala, Edison Sagala, Lamria Sahala Purba Samantha Martinez Santa Lusianna Sitorus Saur Melianna Sipayung, Saur Melianna Selli Selli Selywati Selywati Sembiring, Yosephine N. Sembiring, Yosephine Natalita Septony B. Siahaan Shella Shelly Carolina Shelly Shelly Sherina Sherina Siahaan, Septoni B. Sihombing, Daulat Silitonga, Ivo Maeliana Simanjuntak, Faido M. P. Simanjuntak, Faido M.P. Simanjuntak, Gracesiela Y SIMANJUNTAK, GRACESIELA YOSEPHINE Simanullang, Nindy L Simbolon, Roma Sipayung, Saur Meliana Sipayung, Tasya Krista Winda Siregar, Jeremia Siti Normi Sjukun Sondang Visiana Sihotang Sormin, Partogian Stefanni Stefanni Stephanie Stephanie Steven Chandra Sunarji Harahap Sunarji Harahap Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin Syawaluddin, Syawaluddin Syawaludin Syawaludin Sylvy Sylvy Tambunan, Erheina Cristy Br Tan, Willy Tandiono, Trys Hartono Tanoto, Michael Tantri, Elisabeth Theresia Cuangnita Tiur Rajagukguk, Tiur Tiurida Lily Anita Tongam Pratama Sitompul Toni, Nagian Tri Darma Sipayung Tri Dharma Sipayung Tri Dharma Sipayung Tri Dharma Sipayung, Tri Dharma Umi Narimawati Untung Rahardja Vanessa Vanessa Vanny Vanny Venesa Vin Sen Vincent Alberto Vinniesya Vinniesya Viona Violita vivi Kosalim Vivi Meilinda Vivian Diaphenia Wesly Andri Simanjuntak Widya Widya Wilbert Wilbert Willy Tan Wily Julitawaty Wily Julitawaty Wily Julitawaty Wily Julitawaty Windya Permai Br Sirait Winnie Winniecia Winniecia Winny Ricky Wiriaty Wijaya Yauandi, Kevin Marcelino Yosephine Natalita Sembiring Yosephine Sembiring