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STRATEGY FOR THE FORMATION OF OPTIMAL CAPITAL STRUCTURE WITH SWOT ANALYSIS IN PHARMACEUTICAL SUBSECTORS COMPANIES Andini Nurwulandari; Hasanudin Hasanudin; Burhan Artardo
JABE (Journal of Applied Business and Economic) Vol 7, No 3 (2021): JABE (Journal of Applied Business and Economics)
Publisher : UNIVERSITAS INDRAPRASTA PGRI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30998/jabe.v7i3.9840

Abstract

This study aims to determine the optimal capital structure formation in pharmaceutical sub-sector companies during the period 2014 - 2019 by analyzing profitability, dividend policy, and the SWOT matrix model by analyzing strengths, weaknesses, opportunities, and threats and being the basis for formulating various alternatives. These strategies can be carried out by company management. The company's profitability is not optimal; the company can still distribute dividends. And the results of the study illustrate that the capital structure of the pharmaceutical sub-sector company is not yet optimal. The average proportion of long-term debt capital structure of pharmaceutical sub-sector companies is 18.43% debt and 81.57% equity. Calculation of company value from 2014 - 2019 using the Modigliani Miller approach with a debt proportion of 0% - 100% shows that the highest company value of pharmaceutical sub-sector companies is in the composition of 30% debt and 70% equity. The total WACC averages 47% of the debt. By producing a WACC of 1.92% - 16.89% with a total average WACC of 10%. By considering the WACC, it is concluded that the optimal capital structure for the average pharmaceutical sub-sector company is in the composition of 30% to 60% of the debt. Meanwhile, the average WACC is 11.10%, and with financial distress, the average WACC value is 10%. Based on considering the company value and WACC above, the capital structure of the pharmaceutical sub-sector company is not optimal. The optimal capital structure will result in high Firm Value and the lowest cost of capital. The results of this study have implications for financial performance, capital structure, firm value, the weighted average cost of capital (WACC), and SWOT analysis, which need to be optimized to achieve optimal capital structure.
Pengaruh Suku Bunga, Nilai Tukar Mata Uang, Harga Emas Dunia, dan Indeks Dow Jones terhadap Harga Saham Perusahaan Properti dan Real Estat dengan Inflasi sebagai Variabel Moderasi Hasanudin Hasanudin; Anugrah Kumaruza
FOCUS Vol 1 No 1 (2020): FOCUS: Jurnal Ilmu Sosial
Publisher : Neolectura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37010/fcs.v1i1.276

Abstract

The purpose of this research is to study the effect of interest rates, rupiah currency exchange rates, world gold prices, and the Dow Jones Index on stock prices of property and real estate companies with inflation as a moderating variable. This study uses a case study of 4 stocks, namely BSDE, CTRA, PWON, and SMRA with the research data period January 2014-December 2019. The analysis was carried out using the ARCH / GARCH model using the Eviews 10 application. The results showed that there were quite varied results regarding patterns of the relationship between the independent variables on the four stock prices studied. The most notable difference is in the PWON stock
The Effect of Capital Structure, Profitability and Liquidity on the Company's Value in the Automotive Sub-Sector and Components for the Period 2017-2021 Hasanudin Hasanudin
Enrichment : Journal of Management Vol. 12 No. 2 (2022): Management Science and Field
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (952.229 KB) | DOI: 10.35335/enrichment.v12i2.426

Abstract

This research was conducted to determine the influence of Capital Structure, Profitability and Liquidity on Company Value using company time series panel data with a research period of 2017-2021. Using the panel data linear regression analysis method, with a sample of 9 companies from 13 automotive and component sub-sector companies in Indonesia. This research was analyzed using E views version 9 software with the results of the study, namely the capital structure proxiated by Debt Equity Ratio (DER) has a positive and significant effect on the Company's Value which is proxikan with Price to Book Value (PBV), Profitability produced by Return On Asset (ROA) has a negative and significant effect on the value of the Company proxikan with Price to Book Value (PBV) and Liquidity proxikan with Current Ratio (CR) have a positive and insignificant effect on the value of companies proxistivated with Price to Book Value (PBV).
Analysis of the Effect of Asset Allocation on Portfolio Performance with Diversification as an Intervening Variable Dipa Teruna Awaludin; Hasanudin; Faysal Deni Rahman
International Journal of Science and Society Vol 3 No 3 (2021): International Journal of Science and Society (IJSOC)
Publisher : GoAcademica Research & Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (466.254 KB) | DOI: 10.54783/ijsoc.v3i3.350

Abstract

This study aims to analyze the effect of asset allocation on portfolio performance with diversification as an intervening variable in the Pension Fund, a non-bank financial institution that manages the pension program and is registered and supervised by the Financial Services Authority (OJK) in the 2016-2019 period. A total of 34 Pension Funds were sampled so that the total sample was 136 in the 2016-2019 period. Data analysis using Structural Equation Modeling (SEM). The results showed that Selection Ability and Fund Size had a significant effect on Diversification, while Timing Ability had a significant effect on Portfolio Performance. Intervening test using Sobel Test shows that Diversification has not been able to mediate Asset Allocation on Portfolio Performance.
The Effect of Inflation, Exchange Rate, BI Rate and Dow Jones Index to Indonesia Composite Index in Indonesia Stock Exchange on the Year 2013-2018 Hasanudin
International Journal of Science and Society Vol 3 No 3 (2021): International Journal of Science and Society (IJSOC)
Publisher : GoAcademica Research & Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (678.412 KB) | DOI: 10.54783/ijsoc.v3i3.353

Abstract

The purpose of this study is to demonstrate the influence of inflation, currency exchange rates, SBI interest rates, and the Dow Jones index on the Jakarta Composite Index on the Indonesian Stock Exchange from 2013 to 2018. Methods of quantitative research utilizing Structural Equation Modeling (SEM) analytic techniques in conjunction with the use of SmartPLS 3. The findings of this study indicate that inflation has a substantial negative influence on the CSPI. This indicates that as inflation increases, the JCI decreases. The exchange rate has a substantial negative effect on the JCI. This demonstrates that the exchange rate variable has a direct effect on the direction of the high exchange rate, lowering the JCI in the process. The SBI interest rate has no effect on the JCI and is rather detrimental to it. This indicates that when the number of SBI interest rates increases, the CSPI remains same. The Dow Jones index has a sizable positive correlation with the CSPI. This indicates that the Dow Jones index's rise has an effect on the JCI. By a factor of 0.982, the Dow Jones Index has the greatest effect on work motivation, followed by inflation, exchange rates, and SBI interest rates on the IHSG on the 2013-2018 Stock Exchange.
Current Ratio, Debt to Equity Ratio, dan Return on Asset terhadap Return Saham Hasanudin Hasanudin
Journal of Management and Bussines (JOMB) Vol 4 No 1 (2022): Journal of Management and Bussines (JOMB)
Publisher : IPM2KPE

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31539/jomb.v4i1.3713

Abstract

This study aims to determine the effect of Current Ratio, Debt to Equity Ratio, and Return On Assets on Stock Returns in telecommunication services sub-sector companies listed on the Indonesia Stock Exchange in 2017-2021. This research method is descriptive quantitative. This data source uses secondary data in the form of financial statements from each of the telecommunications services sub-sector companies from 2017-2021. The method used in this study is multiple linear regression using the EVIEWS 9 application. The results show, Current Ratio (CR) has a positive and insignificant effect on stock returns, Debt to Equity Ratio (DER) has a negative and insignificant effect on stock returns, and Return on Assets (ROA) has a negative and insignificant effect on Stock Return. Conclusions, a) the size of the Current Ratio does not necessarily produce a high return, b) the company experiences a decrease in the value of the company if there is an increase in debt in the company; c) changes in the value of return on assets will give a negative contribution to stock returns. However, if ROA increases, the company will get a low share return contribution or vice versa, a smaller change in the value of return on assets will have an impact on higher stock returns. Keywords: Current Ratio, Debt to Equity Ratio, Return on Assets, Stock Return
THE IMPACT OF CASH TURNOVER, ACCOUNTS RECEIVABLE TURNOVER, AND INVENTORY TURNOVER ON RETURN ON ASSETS (ROA) FOR AGRIBUSINESS COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE (IDX) DURING THE PERIOD 2016 - 2020 Hasanudin Hasanudin; Dipa Teruna Awaloedin; Dea Dwi Arviany
Jurnal Info Sains : Informatika dan Sains Vol. 12 No. 02 (2022): Informatics and Science, September 2022
Publisher : SEAN Institute

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

Abstract

The purpose of this research is to assess the impact that cash turnover, accounts receivable turnover, and inventory turnover have on the return on assets (ROA) of agricultural firms that are traded on the Indonesia Stock Exchange (IDX) throughout the period of 2016-2020. For the purpose of this research, the sample consisted of twenty agricultural corporations that were listed on the Indonesia Stock Exchange between the years 2016 and 2020. Secondary data in the form of financial statements received from the Indonesia Stock Exchange are used for the purpose of this research. In this particular research endeavor, the kind of statistical analysis that was used was a linear regression analysis of panel data carried out using the eviews 9 software. The findings indicate that CTO has a positive impact on ROA that is not statistically significant, RTO has a positive effect on ROA that is statistically significant, and ITO has a negative effect on ROA that is statistically significant..
PENYULUHAN TENTANG PEMANFAATAN DIGITAL MARKETING BAGI UMKM DI KABUPATEN SUMEDANG JAWA BARAT Hasanudin Hasanudin; Dipa Teruna Awaloedin
Jurnal Abdimas Bina Bangsa Vol. 4 No. 1 (2023): Jurnal Abdimas Bina Bangsa
Publisher : LPPM Universitas Bina Bangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46306/jabb.v4i1.482

Abstract

MSMEs are believed to be able to boost the Indonesian economy, but the existence of MSMEs using MSMEs are believed to be able to boost the Indonesian economy, but the existence of MSMEs using digital marketing is not matched by a shift in marketing behavior from conventional to digital. The potential for MSMEs to become the center of economic power lies in implementing digital technology-based marketing strategies. MSMEs in Indonesia are expected to be able to choose media for marketing their products through digital media. This is because digital media is the best choice for developing a business, with digital media business actors can reach a wider market both nationally and internationally. Regular specialty media, which require a lot of changes and are much more convoluted, are currently not a major problem for SMEs due to computerized marketing. The reason for this action is to help MSME business people by involving virtual entertainment as their way of progress, etc. Explain the importance of digital marketing in the widespread promotion of their products. Given the intense competition that occurs in the use of digital technology, it is hoped that this activity can motivate business actors. This activity hopes to provide additional knowledge and motivate MSME entrepreneurs to become young entrepreneurs by understanding digital marketing, and with this counseling it is hoped that it can increase motivation, provision and enthusiasm, and we hope that MSME actors are ready to enter the 4.0 era with digital marketing-based in Sumedang and surrounding areas
PENYULUHAN PADA WIRAUSAHA MUDA DALAM MEWUJUDKAN USAHA BERBASIS DIGITAL DI DESA TAJUR KECAMATAN CITEUREUP KABUPATEN BOGOR Hasanudin Hasanudin; Dipa Teruna Awaloedin
Jurnal Abdimas Bina Bangsa Vol. 5 No. 1 (2024): Jurnal Abdimas Bina Bangsa
Publisher : LPPM Universitas Bina Bangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46306/jabb.v5i1.885

Abstract

This community engagement program aims to provide guidance on the role of young entrepreneurs in developing digital-based businesses in Tajur Village, Citeureup District, Bogor Regency. The team of lecturers aims to impart knowledge and motivation to young individuals and budding entrepreneurs concerning digital business, as well as principles of business and management. By facilitating relevant materials and modules, it is anticipated that participants will comprehend the significance of digital business within the context of the Covid-19 pandemic era. The outreach is directed towards boosting the enthusiasm and readiness of young individuals in running businesses, with the hope of fostering the growth of resilient entrepreneurship in the Bogor Regency and its surrounding areas. Through an understanding of digital business, participants are expected to confront challenges arising from the pandemic situation and broaden their insights regarding technological utilization in business. It is hoped that this outreach program will provide participants with knowledge and inspiration, thereby preparing them qualitatively and quantitatively to enter the world of entrepreneurship, making a positive impact on the economic growth in their respective regions. This research involves collaboration between the team of lecturers and the participants, with the expectation of generating a positive impact in increasing the number of competent and competitive young entrepreneurs in the current digital era
Exploring the Interplay of Investment Knowledge, Motivation, Minimum Capital, and Risk Perception in Shaping Students' Interest in Capital Markets Hasanudin Hasanudin
Jurnal Manajemen dan Kewirausahaan Vol 11, No 2 (2023): December (2023)
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jmdk.v11i2.11073

Abstract

The primary objective of this research is to conduct an analysis of the impact of independent variables, specifically Investment Knowledge, Motivation, Minimum Capital, and Risk Perception, on Investment Interest. The study encompasses the 2019 cohort of students enrolled in the Management Study Program, comprising a total of 453 individuals, including both regular students and employees. The selection of the research sample follows a probabilistic approach, utilizing purposive sampling techniques. This method involves the establishment of specific criteria that prospective samples must meet, resulting in a final sample size of 212 students. Data collection was accomplished through the distribution of questionnaires to the student cohort, serving as the primary data collection instrument. The data analysis procedures employed in this study encompass descriptive analysis and inferential analysis, with the latter involving multiple linear regression. Statistical analysis was conducted using the Statistical Product and Service Solution (SPSS) version 23.0 software. The findings of this research underscore the significant and positive influence of Motivation, Minimum Capital, and Risk Perception on Investment Interest. However, it is worth noting that Investment Knowledge, while positively correlated with Investment Interest, did not yield statistically significant results in this context.