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All Journal Jurnal Manajemen dan Agribisnis Jurnal Ilmiah Manajemen dan Bisnis (JIMB) MIX : Jurnal Ilmiah Manajemen Business and Finance Journal Indonesian Journal of Business Analytics (IJBA) Journal of Accounting and Finance Management (JAFM) Indonesian Journal of Society Development (IJSD)
Agus Herta Sumarto
Universitas Mercu Buana
Agriculture, Biological Sciences & Forestry Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Industrial & Manufacturing Engineering Social Sciences Other

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DETERMINANT OF FINANCIAL DISTRESS: THE CASE OF PULP & PAPER COMPANIES REGISTERED IN INDONESIA STOCK EXCHANGE Augustina Kurniasih; Heliantono; Agus Herta Sumarto; Rianti Setyawasih; Isti Pujihastuti
Jurnal Manajemen & Agribisnis Vol. 17 No. 3 (2020): JMA Vol. 17 No. 3, November 2020
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jma.17.3.254

Abstract

The pulp and paper industry contributes to the Indonesian economy, especially to the non-oil and gas processing industry. Empirical research shows that pulp and paper companies listed on the Indonesia Stock Exchange (IDX) indicated financial distress. This study aims to find the effect of liquidity, leverage, profitability, and efficiency on pulp & paper companies' financial distress listed on the IDX. Using the Altman Z-score as a measure of financial distress, it was found that profitability, efficiency, and liquidity had a significant adverse effect on financial distress. In contrast, leverage had a significant positive effect on financial distress. Profitability has the greatest influence on financial distress, so it needs the primary intention of management. Keywords: financial distress, liquidity, profitability, leverage, efficiency
The Comparison of Dynamic Relationship between Sharia Stock Index and Composite Index with Macroeconomic Variables: A Case Study of Indonesia Agus Herta Sumarto
Jurnal Ilmiah Manajemen dan Bisnis Vol 7, No 1 (2021): Jurnal Ilmiah Manajemen dan Bisnis
Publisher : Universitas Mercu Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22441/jimb.v7i1.10592

Abstract

This research analyses the dynamic relationship between sharia stock exchange (ISSI) and macroeconomics condition then it would be compared to the relationship of the composite stock exchange (IDX Composite Stock). The method used in this study is Dynamic Conditional Correlation (DCC) analysis. Based on DCC method, it seems that macroeconomic variable have changing pattern of correlation relationship. This changeable pattern is not only on value scale but until its number sign. It indicated that macroeconomic variable has not any significant impact on sharia stock index (ISSI) and IDX composite index and vice versa.
ANALISIS EFISIENSI INDUSTRI PERBANKAN INDONESIA DENGAN MENGGUNAKAN METODE PARAMETRIK: DISTRIBUTION FREE APPROACH Suharyadi Suharyadi; Agus Herta Sumarto
MIX: JURNAL ILMIAH MANAJEMEN Vol 7, No 1 (2017): MIX: Jurnal Ilmiah Manajemen
Publisher : Universitas Mercu Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (465.73 KB)

Abstract

Abstract. This research uses the parametric method, Distribution Free Approach(DFA), by using intermediation approach to analyze the level of cost efficiency, profitefficiency, and alternative profit efficiency of the banking industry in Indonesia. Thedata used are annual report data of 89 conventional commercial banks operating for 12years (2004-2015). The result shown that the level of profit efficiency and alternativeprofit efficiency are higher than cost efficiency in the Indonesian banking industry.State-owned bank is the most efficient in cost efficiency, while the foreign bank is themost efficient in profit efficiency and alternative profit efficiency.Keyword: DFA, Cost Efficiency, Profit Efficiency, Alternative Profit Efficiency
IMPACT OF FINANCIAL DISTRESS ON STOCK PRICE: THE CASE OF PULP & PAPER COMPANIES REGISTERED IN INDONESIA STOCK EXCHANGE Augustina Kurniasih; Heliantono; Agus Herta Sumarto; Yulia Efni
Jurnal Bisnis dan Keuangan Vol 7 No 2 (2022): Business and Finance Journal
Publisher : UNUSA Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33086/bfj.v7i2.2976

Abstract

Cellulose is an organic component that is widely found in wood fibers. Cellulose is the main component in the pulp/paper industry. As in wood, the raw material for pulp contains cellulose fibers. Cellulose is often used and processed to produce various types in the paper industry. Pulp is the primary material for different paper products, ranging from factories’ boards to daily necessities such as paper, tissue, tea bags, and magazines. Meanwhile, paper is a new change in literature and language that has played a significant role in the history of the development of human civilization. The pulp and paper industry in Indonesia provides a reasonably good contribution to the Indonesian economy. Several pulp & paper companies are listed on the Indonesia Stock Exchange. The results of previous studies indicate that several pulp & paper companies are in a stage of financial difficulty. This study aims to prove empirically that the Z-score as a measure of the company's economic challenges affects stock prices. The results showed that the Z-score affected stock prices. From several ratios that make up the Z-score, it is known that the ratio of working capital to total assets, market value of equity to book value of debt, and sales to total assets have a significant effect on stock prices.
Analisis Efisiensi Keuntungan Alternatif Perbankan Indonesia Sebelum Pandemi Covid Dengan Menggunakan Metode Distribution Free Approach (DFA) Nurliyanti, Nurliyanti; Herta Sumarto, Agus
Journal of Accounting and Finance Management Vol. 6 No. 1 (2025): Journal of Accounting and Finance Management (March - April 2025)
Publisher : DINASTI RESEARCH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/jafm.v6i1.1585

Abstract

Penelitian ini menganalisis efisiensi keuntungan alternatif bank umum konvensional selama periode 2017 – 2019 menggunakan metode Distribution Free Approach (DFA). Metode ini dipilih karena fleksibilitasnya dalam mengukur efisiensi tanpa asumsi distribusi tertentu pada komponen error. Hasil menunjukkan rendahnya Nilai rata-rata efisiensi keuntungan alternatif senilai 0,264 atau 26.40 persen. Faktor seperti skala ekonomi, regulasi pemerintah, harga input, Jumlah output, Kuantitas fixed netputs dan NPL berkontribusi signifikan terhadap efisiensi keuntungan alternatif. Hasil ini dapat memberikan rekomendasi untuk meningkatkan keuntungan dengan memanfaatkan keuntungan yang ada.
Analysis of the Influence of Environmental Concern and Perceived Value on The Purchase Intention of Electric Cars with TPB Mediation Among Generation Y In Jakarta M.Jimmy Hadi Wijaya; Didik J. Rachbini; Agus Herta Sumarto
Indonesian Journal of Business Analytics Vol. 5 No. 4 (2025): August 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijba.v5i4.15299

Abstract

This study aims to analyze the influence of Environmental Concern and Perceived Value on Purchase Intention, mediated by Subjective Norm, Attitude, and Perceived Behavioral Control. The study population consists of Generation Y individuals in Jakarta, with a total sample of 385 respondents determined using Cochran's formula. The sampling technique used was purposive sampling mixed with Snowball Sampling, and data were collected through an online questionnaire distributed via Google Form. The results show that Environmental Concern has a positive and significant effect on Subjective Norm, Attitude, Perceived Behavioral Control, and Purchase Intention. All three mediating variables partially mediate the relationship between Environmental Concern and Purchase Intention. In addition, Subjective Norm, Attitude, and Perceived Behavioral Control each have a positive and significant effect on Purchase Intention. Perceived Value also positively affects Attitude and Purchase Intention, with Attitude acting as a partial mediator. All forms of mediation identified in this study are classified as partial mediation. These findings indicate that Generation Y’s intention to purchase electric vehicles in Jakarta is influenced not only by environmental concern and perceived product value, but also significantly shaped by Subjective Norm, Attitude, and Perceived Behavioral Control in the Purchase Intention to electric vehicles.
Entrepreneurship Development Based on Financial Management for the Community Kota Bambu Selatan - Palmerah, West Jakarta Sumarto, Agus Herta; Soelton, Mochamad; Siswanti, Indra; Hanafiah, Ali; Thoullon, Muhammad Shirhan; Ali, Anees Jane; Karyatun, Subur
Indonesian Journal of Society Development Vol. 3 No. 4 (2024): August 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijsd.v3i4.10368

Abstract

The waste problem in Indonesia is no longer strange, recently the waste problem, which is becoming increasingly mounting day by day, has become a topic of conversation that has attracted the attention of every group. The problem of waste has become a daily problem for Indonesian people. Various types of waste have colored our every point of view. Waste is a serious matter that must be dealt with immediately. You can imagine the waste thrown away by households and industry. And like it or not, we have to admit that the Indonesian people still don't understand much about waste. Various methods have been taken by the government and some communities to reduce the volume of waste in Indonesia. Therefore, as an alternative way, I tried to use unused drink packaging cardboard into a unique wall decoration with high selling value. Carrying out community service activities regarding used goods waste is very challenging for our implementing team. Our activities include socializing the use of domestic waste, apart from being able to process it into craft innovations, to support the Urban MSME program RT 11/RW 06 Kota Bambu Selatan Subdistrict, Palmerah, West Jakarta and socializing the use of domestic waste to create waste from used goods. Later, residents, especially the Karang Taruna RT 11/RW 06, Kota Bambu Selatan Village, Palmerah, West Jakarta, can start creating creativity from used goods
The Influence of Electronic Word of Mouth (EWOM) in TikTok Social Media on Purchase Interest of Haircare Products Nurhandayani, Bernadeta Maria Anie; Sumarto, Agus Herta; Rachbini, Didik J
Indonesian Journal of Business Analytics Vol. 4 No. 1 (2024): February 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijba.v4i1.8147

Abstract

Online communication has a rapid growth rate through social media, websites, blogs and other media. The increasing popularity of electronic word-of-mouth communication is having a significant impact on consumer behavior. The presence of social media has also changed the way of marketing, from traditional marketing to digital marketing. This study aims to determine the Influence of Electronic Word of Mouth (EWOM) in TikTok Social media on Purchase Interest of Hair Care Products. The research uses a quantitative, causal descriptive approach. The samples used were purposive and accidental sampling with 101 respondents. The research analysis method uses the Partial Least Square (PLS) method based on the Structural Equation Model (SEM) technique. The research findings indicate that Information Adoption and Information Usefulness of eWOM on TikTok have a positive influence on the Purchase Intention of hair care products. Other factors such as Quality, Quantity, Credibility, Information task-fit, Need, and Attitude toward Information also influence the Usefulness of eWOM Information on the TikTok social media platform.
Co-Authors Ali Hanafiah Ali, Anees Jane Augustina Kurniasih Didik J Rachbini Didik J. Rachbini Heliantono Isti Pujihastuti Karyatun, Subur M.Jimmy Hadi Wijaya Mochamad Soelton Nurhandayani, Bernadeta Maria Anie Nurliyanti, Nurliyanti Rianti Setyawasih Suharyadi Suharyadi Thoullon, Muhammad Shirhan Yulia Efni