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The Impact Of Current Ratio And Gross Profit Margin Towards Financial Distress In Technology Sector Companies Listed In Indonesia Stock Exchange For Period 2016-2020 Ciptawan, Ciptawan; Frandjaja, Brian Owen
Journal of Industrial Engineering & Management Research Vol. 3 No. 1 (2022): February 2022
Publisher : AGUSPATI Research Institute

The growth of the Indonesian economy has increased rivalry among technological companies. Due to the fact that Indonesia's economy is still in its development, firms cannot be guaranteed to survive. Financial ratios can be used to foresee a company's bankruptcy, which has a huge influence on its investors; further analysis and study are required to forecast future financial distress. Thus, the purpose of this study is to ascertain the effect of the current ratio and gross profit margin on financial distress. This study employs a quantitative method based on secondary data. Between 2016 and 2020, the population is Technology Industry Companies Listed on the Indonesian Stock Exchange. A purposive sampling technique is use to determine 35 samples. The findings of this study indicate that Current Ratio does not have significant impact on business financial distress, similar to how Gross Profit Margin does not have significant impact on firm financial distress. Finally, both the current ratio and gross profit margin have a simultaneous impact but not significant on a firm's financial distress. Keywords : Current Ratio, Gross Profit Margin, Financial Distress

PENGARUH RETURN ON EQUITY, DEBT TO EQUITY RATIO, SALES GROWTH DAN DIVIDEN TERHADAP HARGA SAHAM PADA PERUSAHAAN WHOLESALE AND RETAIL TRADE YANG TERDAFTAR DI BEI PERIODE 2012-2016 CIPTAWAN .
JURNAL ILMIAH MAKSITEK Vol 3 No 2 (2018): JURNAL ILMIAH MAKSITEK
Publisher : LP2MTBM MAKARIOZ

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Information on the performance of the company is one of the important information and one type of information that into consideration investors in taking investment decisions. Company performance is generally assessed by comparison of the ratio of the fundamental elements within the company. This study aims to determine the effect of return on equity, debt to equity ratio, sales growth and dividends on stock prices on Wholesale And Retail Trade companies listed on the Indonesia Stock Exchange either partially or simultaneously. This research uses hypothesis test with descriptive quantitative by using multiple linear regression analysis. The results showed that partially debt to equity ratio and dividend affect the stock price while return on equity and sales growth does not affect the stock price in Wholesale And Retail Trade company listed on Indonesia Stock Exchange. Simultaneously, return on equity, debt to equity ratio, sales growth and dividend affect stock prices at Wholesale And Retail Trade companies listed on Indonesia Stock Exchange. Testing of coefficient of determination obtained value 0,436 means independent variable that is return on equity, debt to equity ratio, sales growth and dividend affect amount 43,6% to stock prices while 56,4% influenced by other variable like price earning ratio, earnings per share, net profit margin and so on.

Dampak Resesi Dunia Di Indonesia Tahun 2023 Ciptawan, Ciptawan; Melina, Melina
Jurnal Bangun Manajemen Vol. 2 No. 2: November 2023
Publisher : PT Bangun Harapan Bangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56854/jbm.v2i2.233

Resesi dunia merupakan ancaman ekonomi yang berpengaruh diberbagai aspek. Banyak faktor yang menjadi pemicu terjadinya resesi di tahun 2023 ini, diantaranya yaitu : Pandemi Covid-19, Perang Rusia-Ukraina, tingginya tingkat inflasi dan kenaikan suku bunga acuan. Dimana Amerika Serikat, Eropa, China, Mongolia, Korea Selatan dan Indonesia menjadi Negara yang mengalami resesi. Dimata Indonesia krisis ekonomi pernah terjadi pada tahun 1998, 2008, 2013, dan tahun 2020. Kalaupun disebut resesi global, kondisi ekonomi dunia 2023 diperkirakan lebih ringan dibandingkan krisis sebelumnya. Yang paling dekat adalah resesi sebagai dampak langsung dari pandemi Covid-19. Tahun 2020, ekonomi dunia terkontraksi 3,0 persen. Resesi ekonomi dunia 2009 yang terjadi karena krisis keuangan global tahun 2008. Pada 2009, ekonomi dunia mengalami kontraksi 0,1 persen. Ekonomi Indonesia dapat tumbuh 4,7 persen dan rebound 6,4 persen pada 2010. Dengan proyeksi IMF tahun 2023, pertumbuhan ekonomi Indonesia lebih dari 5 persen bukanlah hal yang sulit.

Upaya Perlindungan Hukum Konsumen Terhadap Produk Yang Tidak Memenuhi Kewajiban Standar Nasional Indonesia Ciptawan, Ciptawan; Ginting, Budiman; Sunarmi, Sunarmi; Siregar, Mahmul
Locus: Jurnal Konsep Ilmu Hukum Vol 3 No 1 (2023): Maret
Publisher : LOCUS MEDIA PUBLISHING

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56128/jkih.v3i1.39

SNI merupakan bentuk nyata keinginan pemerintah dalam memberikan perlindungan kepada konsumen. UU No. 8 tahun 1999 tentang Perlindungan Konsumen tidak menyatakan secara jelas standard dan syarat apa yang harus dipenuhi pelaku usaha, penerapan dan pemberlakuan standar tidak diuraikan secara jelas dan lengkap pengaturannya. Kewajiban SNI secara garis besar diatur dalam UU No. 20 Tahun 2014 Tentang Standardisasi dan Penilaian Kesesuaian, sedangkan Pengaturan lanjutan diterapkan melalui Peraturan Menteri dan Petunjuk Teknis. Pertanggungjawaban pelaku usaha yang tidak memenuhi kewajiban SNI adalah pertanggungjawaban produk (product liability), sehingga pelaku usaha dapat diminta pertanggungjawaban secara perdata dan pidana. UU No. 20 Tahun 2014 tentang Standardisasi dan Penilaian Kesesuaian tidak mengatur perihal pertanggungjawaban perdata pelaku usaha. Upaya hukum penyelesaian sengketa dengan pelaku usaha sebagai akibat kerugian yang ditimbulkan oleh produk yang tidak memenuhi kewajiban SNI dapat diajukan melalui Badan Penyelesaian Sengketa Nasional (BPSK) atau diajukan langsung kepada peradilan umum berdasarkan pilihan sukarela para pihak yang bersengketa. UU No. 9 Tahun 1999 Tentang Perlindungan Konsumen mengatur perihal penyelesaian sengketa, tetapi UU No. 20 Tahun 2014 Tentang Standardisasi dan Penilaian Kesesuaian tidak mengatur perihal tersebut. Kata kunci: Konsumen, Perlindungan Hukum, Tanggung Jawab Hukum, SNI. Abstract Indonesian Compulsory Standard (SNI) is the government action to give protection to consumers. Law No. 8 Year 1999 concerning Consumer Protection does not clearly mention what kind of standard and requirement should be fulfilled by business practitioners, the implementation of standard are not clearly explained, as well with its arrangementCompulsory standards are highlighted under Law No. 20 Year 2014 concerning Standardization and Conformity Assessment, for the further arrangement is implemented under Ministry Regulations and Technical Instructions. Products that do not fulfil compulsory standards can be exposed with product liability, and therefore business practitioners must bear the criminal and the civil liability. The attempt of dispute settlement with the business practitioners as a result of loss caused by products that do not fulfil compulsory standard can be advised through National Dispute Settlement Body or directly to the tribunal court based on voluntarily choices by the conflicted parties. Law No 9 Year 1999 about Consumer Protection regulate the issues of dispute settlement, but Law No. 20 Year 2014 concerning Standardization and Conformity Assessment does not regulate such issues. Keywords: Consumer, Legal Responsibility, Legal Protection, SNI.

THE IMPACT OF RETURN ON ASSETS, INSTITUTIONAL OWNERSHIP, AND FIRM SIZE ON TAX AVOIDANCE IN PROPERTY AND REAL ESTATE COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE Ciptawan, Ciptawan; Lim, Sheryn
Proceeding National Conference Business, Management, and Accounting (NCBMA) 7th National Conference Business, Management, and Accounting
Publisher : Faculty of Economics and Business Universitas Pelita Harapan

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Taxes play a huge role as the state’s main income to develop a country, these funds come from tax payments by taxpayers. Since taxes are used for the country’s well-being, government strive to receive as much amount of tax as possible, while taxpayers try to minimize tax payments as it is viewed as burden that decreases their net income, this practice is known as tax avoidance. Thus, there are a few key factors discussed in this study, namely return on assets, institutional ownership, and firm size on how they impact tax avoidance, focusing on Property and Real estate companies listed on the Indonesia Stock Exchange (IDX) from 2020 to 2022. Purposive sampling method is used as sampling technique in this study. From a population of 86 property and real estate companies, 25 of them are used as sample by adopting quantitative research design and utilizing secondary data, which are financial statements published on Indonesia Stock Exchange. Method of data analysis is carried out using multiple linear regression, processed through IBM SPSS version 26. The result of this study shows that return on assets has significant impact on tax avoidance, while institutional ownership and firm size does not have significant impact on tax avoidance. Simultaneously, all three independent variables have significant impact on tax avoidance.

THE INFLUENCE OF LOAN TO DEPOSIT RATIO, EFFECTIVE TAX RATE AND NON-PERFORMING LOAN TOWARD RETURN ON ASSET IN BANKING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE Ciptawan, Ciptawan; Melly, Melly
Proceedings of the International Conference on Entrepreneurship (IConEnt) Vol. 2 (2022): Proceedings of the 2nd International Conference on Entrepreneurship (IConEnt)
Publisher : Universitas Pelita Harapan

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Bank is an intermediary institution in charge of receiving deposits from customers and lending them to customers (economic units) who need funds. One of the main activities of banks is to channel funds to the public in the form of credit. The bank will need to pay attention to the Loan to Deposit Ratio to secure its liquidity, effective tax rate as the tax planning to secure the tax paid and Non-Performing Loan to control the bad debt. The bank will need all the variables to control the Return on Assets. The research result showed that partially Loan to Deposit Ratio (LDR) has no influence toward Return on Asset, Effective Tax Rate (ETR) has negative influence toward Return on Asset, Non Performing Loan (NPL) has negative influence toward Return on Asset. Simultaneously hypothesis showed that Loan to Deposit Ratio, Effective Tax Rate and Non Performing Loan have effect toward Return on Asset.

THE IMPACT OF RETURN ON ASSETS, INSTITUTIONAL OWNERSHIP, AND FIRM SIZE ON TAX AVOIDANCE IN PROPERTY AND REAL ESTATE COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE Ciptawan, Ciptawan; Lim, Sheryn
Proceeding National Conference Business, Management, and Accounting (NCBMA) 7th National Conference Business, Management, and Accounting
Publisher : Faculty of Economics and Business Universitas Pelita Harapan

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

Taxes play a huge role as the state’s main income to develop a country, these funds come from tax payments by taxpayers. Since taxes are used for the country’s well-being, government strive to receive as much amount of tax as possible, while taxpayers try to minimize tax payments as it is viewed as burden that decreases their net income, this practice is known as tax avoidance. Thus, there are a few key factors discussed in this study, namely return on assets, institutional ownership, and firm size on how they impact tax avoidance, focusing on Property and Real estate companies listed on the Indonesia Stock Exchange (IDX) from 2020 to 2022. Purposive sampling method is used as sampling technique in this study. From a population of 86 property and real estate companies, 25 of them are used as sample by adopting quantitative research design and utilizing secondary data, which are financial statements published on Indonesia Stock Exchange. Method of data analysis is carried out using multiple linear regression, processed through IBM SPSS version 26. The result of this study shows that return on assets has significant impact on tax avoidance, while institutional ownership and firm size does not have significant impact on tax avoidance. Simultaneously, all three independent variables have significant impact on tax avoidance.

The Investigation of the Impact of Good Corporate Governance on the Value of Manufacturing Companies Listed on the IDX Ciptawan, Ciptawan; Andoko; Putra, Ali Syah; Yenni; Arifin
Indonesian Journal Economic Review (IJER) Vol. 5 No. 2 (2025): October
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v5i2.571

This study aims to determine the effect of good corporate governance on company value (a study of manufacturing companies listed on the IDX in 2022-2024). The selection of this study used purposive sampling, so that the number of samples used was 41 companies from a population of 144 companies. In this study, the results of the analysis were carried out to draw conclusions about the effect of good corporate governance on company value (a study of manufacturing companies listed on the IDX in 2022-2024). Data processing using Eviews 12. The results of the study show that managerial ownership affects company value in Manufacturing Companies on the IDX in 2022-2024. Institutional ownership affects company value in Manufacturing Companies on the IDX in 2022-2024.

Nurturing the Next Generation with the Utilization of Entrepreneurial, Cultural, and Financial Competencies Khong, Rifin; Kaban, Lila Maria; Alimin, Erina; Meilani, Meilani; Ciptawan, Ciptawan
JPM: Jurnal Pengabdian Masyarakat Vol. 6 No. 2 (2025): October 2025
Publisher : Forum Kerjasama Pendidikan Tinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/jpm.v6i2.2655

This article presents a community service initiative conducted by university lecturers and students aimed at nurturing entrepreneurial, cultural, and financial competencies among children in a local orphanage in Medan, Indonesia. A preliminary interview with the orphanage manager showed that the children required intensive engagement and education outside their schools and community. The one-day onsite program involved children, ranging from primary to high school level, through interactive learning modules that included entrepreneurship education, cultural awareness, and financial literacy. Activities such as simulations, group discussions, and games were used to encourage active participation and improve understanding. The results showed increased entrepreneurial motivation by 28%, cultural appreciation by 27%, and basic financial knowledge by 22% among participants. Student facilitators also gained practical experience in community engagement and leadership. Despite time limitations, the program successfully created a positive learning environment and promoted essential life skills for vulnerable youth. Recommendations are to extend the program duration, create age-specific content, and develop long-term mentorship to enhance impact. This initiative underscores the vital role of higher education in community empowerment and sustainable youth development.

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