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Russian-Ukraine Invasion's Effect on the Stock Market: An Event Study on Kompas 100 Index i kadek bellyoni dwijaya; Saparman Saparman; muhammad yunus kasim
Jurnal Manajemen Bisnis Performa Vol 20, No 1 (2023)
Publisher : Universitas Islam Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29313/performa.v20i1.11328

Abstract

This study evaluates the reaction of the stock market to the Russian-Ukraine invasion that occurred on February 24, 2022. Using an event study approach, test the average abnormal return and the cumulative average abnormal return. The research sample uses all stocks listed on the Kompas 100 index, with a classification of 9 sectors on the Indonesia Stock Exchange (IDX). The analytical method uses a nonparametric test of difference with the Wilcoxon signed rank test. Statistical results show that there is no significant difference in the average abnormal return indexed by Kompas 100 in all study window periods, despite one of the sectors having the most significant negative impact, namely the mining sector. Cumulatively, most of the stocks show a positive trend. The performance of stocks in Indonesia is better than that of stocks in Europe, which have been significantly affected. These results provide evidence that the stock market in Indonesia is more resilient as a result of the Russia-Ukraine conflict. This research has implications for mining company investors making investment decisions in turbulent situations.Keywords: Event Studies; Market Reaction; Russian-Ukraine Invasion Penelitian ini mengevaluasi reaksi pasar saham atas invasi Rusia-Ukraina yang terjadi pada 24 februari 2022. Dengan menggunakan pendekatan studi peristiwa dengan menguji average abnormal return dan Cummulative average abnormal return. Sampel penelitian menggunakan seluruh saham yang terdaftar pada indeks Kompas 100, dengan klasifikasi 9 sektor di Bursa Efek Indonesia (BEI). Metode analisis menggunakan uji beda nonparametrik dengan uji wilcoxonesigned rank test. Hasil statistik menunjukan tidak terdapat perbedaan yang signifikan average abnormal return diindeks Kompas 100 pada semua periode jendela penelitian,salah satu sektor yang paling berdampak negatif signifikan yaitu sektor pertambangan. Secara kumulatif sebagian besar saham menunjukan trend positif. Performa saham di Indonesialebih baik dibandingkan saham di Eropa yang sangat terdampak signifikan. Hasil ini memberikan bukti bahwa pasar saham di Indonesia lebih tanguh akibat dari konflik Rusia-Ukraina. Penelitian ini memberikan implikasi bagi investorperusahaan pertambangan dalam membuat keputusan investasipada situasi yang penuh gejolak.Kata Kunci: Invasi Russia-Ukraina; Reaksi Pasar; Studi Peristiwa
ANALISIS KINERJA KEUANGAN DENGAN METODE RGEC PADA BANK PEMBANGUNAN DAERAH DI BURSA EFEK INDONESIA Suwedy Aziz; Muhammad Yunus Kasim; Husna Husna
Jurnal Akun Nabelo: Jurnal Akuntansi Netral, Akuntabel, Objektif Vol 5, No 2 (2023)
Publisher : Department of Accounting, Faculty of Economics and Business, Universitas Tadulako

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

Abstract

This study aims to analyze the financial performance of publicly listed Regional Development Banks on the Indonesia Stock Exchange for the 2016-2020 period using the descriptive quantitative method. In this study, all populations were the samples or censuses. The results of this study that the financial performance of the Regional Development Bank for the 2016-2020 period is seen from the Risk Profile of the NPL ratio of regional banks BJBR category is very good, BJTM is good and BEKS is quite good, for the LDR ratio of BJTM regional banks in general is still very good, BJBR banks are quite good and BEKS banks are not good. The GCG assessment of BJBR regional banks for the 2016-2020 period is in the good category, BJTM banks in general are still in the good category and BEKS banks are quite good. Earnings, ROA and BOPO ratios of regional banks BJBR and BJTM for the 2016-2020 period are generally very good while BEKS banks are not good. Capital, the CAR ratio of regional banks BJBR and BJTM for the 2016- 2020 period is very good while BEKS banks are still in good condition.
PEMETAAN DAN PELATIHAN SISTEM INFORMASI POTENSI DESA (SID) WATUMAETA Kadek Agus Dwiwijaya; Muhammad Ikbal Abdullah; Muslimin Muslimin; Muhammad Yunus Kasim; Zakiyah Zahara
MAJU : Indonesian Journal of Community Empowerment Vol. 1 No. 4 (2024): MAJU : Indonesian Journal of Community Empowerment, JULI 2024
Publisher : Lembaga Pendidikan dan Penelitian Manggala Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62335/75mbqs72

Abstract

Desa Watumaeta yang kaya akan sumber daya alam dan budaya menghadapi tantangan dalam pengelolaannya. Untuk mengatasi ini, program pengabdian masyarakat ini bertujuan memetakan potensi desa dan melatih penggunaan Sistem Informasi Desa (SID). Program ini bertujuan memetakan sumber daya desa, mengembangkan dan menerapkan SID yang dapat diakses oleh masyarakat dan pemerintah desa, melatih warga dan aparat desa dalam menggunakan SID, serta meningkatkan partisipasi masyarakat dalam pengelolaan potensi desa. Tahapan pelaksanaan meliputi survei awal, koordinasi dengan pemerintah desa, pengumpulan data, pemetaan digital, desain dan pengembangan SID, uji coba, pelatihan teknis, workshop, serta evaluasi dan monitoring penggunaan SID. Hasil yang diharapkan adalah peta potensi desa yang komprehensif dan dapat diakses oleh masyarakat, serta peningkatan kompetensi aparat desa dan warga dalam mengelola SID, yang mendorong partisipasi masyarakat dalam pengembangan desa berbasis data.
EVALUASI KINERJA KEUANGAN PEMERINTAH DAERAH (Studi Kasus Pemerintah Daerah Kabupaten Morowali) Muhammad Yunus Kasim; Mohammad Ega Nugraha; Siti Marwiah; Rosmida Haisi
Tadulako Social Science and Humaniora Journal Vol. 2 No. 1 (2021): Tadulako Social Science and Humaniora Journal
Publisher : LPPM Universitas Tadulako

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22487/sochum.v2i1.15544

Abstract

Penelitian ini bertujuan untuk menganalisis kinerja keuangan APBD Pemda Kab. Morowali. Permasalahan yang dikemukakan dalam penelitian ini adalah bagaimana tingkat efektivitas PAD, tingkat aktivitas, dan tingkat pertumbuhan kinerja keuangan PAD, belanja rutin, dan belanja modal) Pemda Kab. Morowali. Untuk mengetahui permasalahan dalam penelitian ini digunakan alat analisis rasio kinerja keuangan yaitu; rasio efektivitas, rasio aktivitas, dan rasio pertumbuhan. Dari hasil analisis ditemukan bahwa PAD masih kurang efektif. Adapun tingkat aktifitasnya, alokasi belanja modal masih besar dibandingkan dengan belanja rutinnya. Sementara rasio tingkat pertumbuhanya, baik rasio pertumbuhan PAD, belanja rutin, dan belanja modal masih dikategorikan tidak berhasil. Kata Kunci : efektivitas, aktivitas dan pertumbuhan.
Performance of Mergers and Acquisitions in Go Public Company Yunus Kasim; Siti Marwah; Mohamad Ega Nugraha
Tadulako Social Science and Humaniora Journal Vol. 3 No. 1 (2022): Tadulako Social Science and Humaniora Journal
Publisher : LPPM Universitas Tadulako

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22487/sochum.v3i1.15733

Abstract

This research aims to examine the effect of merger and acquisition firm performance at Indonesia Stock Exchange. Firm performance is measured by financial ratios: current ratio, quick ratio, return on investment, return on equity, debt to equity ratios, fixed assets turnover, operating profit margin, price book value, price earning ratio, and abnormal return around announcement date of merger and acquisition. Sample of this research is determined by purposive sampling method, consist of 27 Indonesia Stock Exchange excluded banking that did merger and acquisition from period of 2015-2020. This research analysis used Wilcoxon Signed Ranked Test for abnormal distribution data. The result of this research showed that financial ratios at 1 year before and 1 year after merger and acquisition are not all significant, except abnormal return variable, price book value and price earnings ratio indicated different significantly. This result indicated that merger and acquisition did not provide synergy for firms. Market reaction indicated that investor influenced by merger and acquisition of the firms and they believed that the announcement will give them hope about better future performance
IMPLEMENTASI PENCATATAN KEUANGAN DALAM PENGEMBANGAN UMKM DI DESA POMBEWE KABUPATEN SIGI Trimustikapuri, Trimustikapuri; Kasim, Muh. Yunus; Fattah, Vitayanti; Islianty, Nur Riski
Jurnal Inovasi Bisnis Indonesia (JIBI) Vol. 1 No. 3 (2024): March
Publisher : PT. Tangrasula Tekno Kreatif

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61896/jibi.v1i3.40

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Abstrak Jika sebuah bisnis ingin bertahan lama, pencatatan keuangan atau pembukuan harus dilakukan. Ini karena kegiatan bisnis pasti memerlukan pencatatan keuangan atau pembukuan agar semua transaksi dapat diketahui dengan jelas. Penelitian ini bertujuan untuk mengetahui penerapan pencatatan keuangan  pada unit Usaha Mikro Kecil Menengah (UMKM) yang ada di Desa Pombewe Kabupaten Sigi,. Data yang dikumpulkan diperoleh melalui wawancara  dan observasi kepada pelaku UMKM di Desa Pombewe untuk mengetahui manfaat yang diperoleh dalam penerapan pencatatan keuangan   serta tantangan yang dihadapi dalam penerapan pencatatan keuangan.. Dari hasil penelitian menunjukkan bahwa pelaku UMKM di Desa Pombewe yang telah menerapkan pencatatan keuangan mendapatkan manfaat bagi usaha yang mereka jalankan, . Pelaku UMKM bisa mengetahui rincican pemasukan dan pengeluaran , untung atau rugi usaha yang dijalankan serta mendapatkan informasi penting dalam pengambilan keputusan bisnis, seperti menentukan harga jual, menentukan kuantitas produksi dan bisa membantu pelaku UMKM dalam memenuhi persyaratan pinjaman kepada pihak lembaga keuangan seperti bank dan koperasi untuk modal dalam mengembangkan usaha.. Meskipun masih terdapat beberapa kendala yang dialami pelaku UMKM di Desa Pombewe dalam melakukan pencatatan keuangan, namun implementasi pencatatan keuangan telah memberi manfaat  dalam pengembangan usaha terhadap pelaku UMKM di Desa Pombewe Kabupaten Sigi. Kata Kunci: Implementasi pencatatan keuangan,  Pengembangan,UMKM Abstract If a business wants to last long, financial recording or bookkeeping must be done. This is because business activities definitely require financial records or bookkeeping so that all transactions can be clearly known. This research aims to determine the implementation of financial recording in Micro, Small and Medium Enterprises (UMKM) units in Pombewe Village, Sigi Regency. The data collected was obtained through interviews and observations with MSME actors in Pombewe Village to find out the benefits obtained in implementing financial recording as well as the challenges faced in implementing financial recording. The research results show that MSME actors in Pombewe Village who have implemented financial recording have benefited for the business they run, . MSME players can find out details of income and expenses, profits or losses of the business they are running and get important information in making business decisions, such as determining selling prices, determining production quantities and can help MSME players fulfill loan requirements from financial institutions such as banks and cooperatives. capital in developing businesses.. Although there are still several obstacles experienced by MSME actors in Pombewe Village in carrying out financial records, the implementation of financial recording has provided benefits in business development for MSME actors in Pombewe Village, Sigi Regency. Keywords: Implementation of financial records, Development, MSMEs
Moderation of profitability against determinants company value Juliana Kadang; Djayani Nurdin; Yunus Kasim; Husnah Moh
Manajemen dan Bisnis Vol 22, No 2 (2023): September 2023
Publisher : Department of Management - Faculty of Business and Economics. Universitas Surabaya.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24123/jmb.v22i2.679

Abstract

Banks in carrying out the intermediation function require additional capital. Therefore, part of the bank's ownership is sold to the public in the form of shares and debt securities. Firm value is one of the indicators for investors in assessing the performance of a company. The aims of this study are: 1) To determine the factors that influence the value of Indonesian banking companies. These factors are capital structure, efficiency and size of the bank. 2) To find out that profitability moderates the value of Indonesian banking companies. This research uses quantitative verification research. The research analysis technique with moderate variables uses the Moderated Regression Analysis (MRA) model. Using secondary data from the financial statements of each bank. The financial reports are downloaded through the Indonesia Stock Exchange (IDX) website. Processing data using the e-Views 11 application. The results of this study show that the capital structure and the size of the bank have a significant positive impact on corporate value. If a bank is inefficient, it will not have a significant impact on corporate value. Profitability as a mitigation variable cannot amplify the impact of capital structure, efficiency, or bank size on corporate value.
Measuring the Efficiency of State-Owned Stocks Using Capital Asset Pricing Model (CAPM) I Kadek Bellyoni Dwijaya; Muhammad Yunus Kasim; Sri Dewi Fitrianingsih
Jurnal Nusantara Aplikasi Manajemen Bisnis Vol 9 No 1 (2024): Jurnal Nusantara Aplikasi Manajemen Bisnis
Publisher : UNIVERSITAS NUSANTARA PGRI KEDIRI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29407/nusamba.v9i1.21162

Abstract

Abstract Research aim : This study examines market efficiency using the Capital Asset Pricing Model (CAPM) method on BUMN stocks in Indonesia. Design/Methode/Approach : This model explains the relationship between risk and return in an efficient market. The analysis focuses on using stock beta calculations for 5 years. Research Finding : The research results are as follows: 1) the BUMN stock market in Indonesia is classified as efficient, namely 11 stocks where 5 companies have positive individual returns, namely ANTM, TINS, KRAS, BBNI, and PGAS. There are 6 companies that have negative returns, namely WSKT, ADHI, WIKA, PTPP, SMBR, and BBTN. 2) the analysis was carried out during the covid-19 pandemic period, the basic material sector is a collection of stocks that are classified as resilient during the pandemic showing positive and efficient returns. 3) overall, there is a high systematic risk of BUMN stocks in Indonesia, and actively responds to any changes that occur in market prices. Theoretical contribution/Originality : This contribution is expected to be a reference for investors and market participants. Practitionel/Policy implication : These results provide information for investors to choose efficient State-Owned Enterprises (BUMN) stocks in deciding to invest and still consider the nature and characteristics of each investor. Research limitation : Future research is expected to use other methods in analyzing the level of stock risk such as Arbitrage Pricing Theory (APT) or estimating future stock prices using the ARIMA / GarCH forecasting method and increasing the number of samples in the study or different market indices so that the expected results are more accurate in predicting future stock prices.
Analisis Tingkat Literasi Keuangan Pada Pelaku UMKM Yang Terdaftar Di Inkubator Bisnis Kota Palu Tahun 2023-2024 Manginda, Firma; Fattah, Vitayanti; Kasim, Muhammad Yunus; Fera, Fera
Jurnal Media Wahana Ekonomika Vol. 21 No. 4 (2025): Jurnal Media Wahana Ekonomika, Januari 2025
Publisher : Universitas PGRI Palembang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31851/jmwe.v21i4.17589

Abstract

ABSTRAK Penelitian ini bertujuan untuk menganalisis tingkat literasi keuangan UMKM yang terdaftar di Inkubator Bisnis Kota Palu tahun 2023-2024, dengan fokus pada pemahaman dasar keuangan, pengelolaan kredit, tabungan, investasi, dan manajemen risiko. Penelitian ini menggunakan metode deskriptif kualitatif dengan teknik pengambilan sampel sensus. Data dikumpulkan melalui penyebaran kuesioner kepada 57 tenant UMKM, namun hanya 30 UMKM yang mengisi kuesioner. Penelitian ini menggunakan empat indikator utama dalam mengukur literasi keuangan, yaitu pengetahuan umum pengelolaan keuangan, pengelolaan kredit, pengelolaan tabungan dan investasi, serta manajemen risiko. Populasi dalam penelitian ini adalah UMKM yang terdaftar di Inkubator Bisnis Kota Palu, dan data dianalisis menggunakan Microsoft Excel. Hasil penelitian menunjukkan bahwa mayoritas UMKM yang terdaftar di Inkubator Bisnis Kota Palu memiliki pemahaman yang baik terhadap prinsip dasar pengelolaan keuangan, penggunaan kredit yang bijak, kebiasaan menabung secara rutin, serta identifikasi dan mitigasi risiko keuangan. Namun, secara keseluruhan, tingkat literasi keuangan UMKM berada pada kategori sedang, yang menunjukkan masih adanya kesenjangan dalam penerapannya di kehidupan sehari-hari. Oleh karena itu, diperlukan pelatihan intensif dan pendampingan praktis agar literasi keuangan dapat diimplementasikan secara optimal dalam pengelolaan usaha. Kata Kunci: Literasi keuangan, UMKM, pengelolaan keuangan, manajemen risiko, Inkubator Bisnis.   ABSTRACT   This study aims to analyze the financial literacy level of MSMEs registered in the Palu City Business Incubator for the years 2023-2024, focusing on basic financial understanding, credit management, savings, investment, and risk management. This research employs a qualitative descriptive method with a census sampling technique. Data were collected through the distribution of questionnaires to 57 MSME tenants, but only 30 MSMEs completed the questionnaire. This study utilizes four key indicators to measure financial literacy: general knowledge of financial management, credit management, savings and investment management, and risk management. The study population consists of MSMEs registered in the Palu City Business Incubator, and the data were analyzed using Microsoft Excel. The results indicate that the majority of MSMEs registered in the incubator have a good understanding of basic financial management principles, prudent credit usage, regular saving habits, and the identification and mitigation of financial risks. However, overall, the financial literacy level of MSMEs falls into the moderate category, indicating a gap in its practical application in daily business operations. Therefore, intensive training and practical assistance are necessary to ensure the optimal implementation of financial literacy in business management. Keywords : inancial literacy,MSMEs, financial management, risk management, Business Incubator.
The Effectiveness of Financial Planning on the Performance of the Realization of Village Funds: A Study from Palupi Village, Palu City, Indonesia Ananda, Mutiara Dea; Kasim, Muhammad Yunus; Kadang , Juliana; Fera , F.
Golden Ratio of Finance Management Vol. 5 No. 1 (2025): October - March
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grfm.v5i1.1045

Abstract

This study aims to analyze the effectiveness of financial planning on the performance of the realization of urban village funds in Palupi Village, Palu City, in 2022-2024. The research method used is descriptive qualitative, utilizing secondary data in annual cash reports, village budgets, and realization of village funds. Results showed that budget realization reached 100% effectiveness in 2022 and 2023 but decreased to 91.5% in 2024 due to budget reallocation for other urgent priorities. The budget allocation shows the main focus on community empowerment activities, which reached 87.3% of the total budget in 2024. An evaluation based on agency theory indicates that the local government, as an agent, has tried to meet the community's needs as the principal. However, community participation in planning still needs to be improved. This research recommends increasing community participation and improving program implementation distribution to support the accountability and effectiveness of Village fund management. With these steps, it is expected that the management of urban village funds can support sustainable development and optimally improve community welfare.