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BANKRUPTCY ANALYSIS OF STARTUP COMPANIES WITH USING THE Z-SCORE METHOD (ALTMAN) Mukarram, Hadratul; Dipoatmodjo, Tenri S.P; Nurman; Anwar; Aslam, Annisa Paramaswary
Journal Management & Economics Review (JUMPER) Vol. 1 No. 4 (2023): October
Publisher : Malaqbi Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59971/jumper.v1i4.94

Abstract

This research aims to determine the potential bankruptcy of PT Bukalapak.com (BUKA) and PT Gojek Tokepedia Tbk (GOTO) using the Z-Score (Altman) method. The population in this study is the financial reports of PT Bukalapak.com (BUKA) and PT Gojek Tokepedia Tbk (GOTO), with a sample of the financial reports of PT Bukalapak.com (BUKA) from 2020 to 2022 and PT Gojek Tokepedia Tbk (GOTO) from 2020 to 2022. Data collection This research was carried out using the documentation method. The data analysis technique uses the Z-Score (Altman) model with the variables Working Capital to Total Assets, Retained Earnings to Total Assets, EBIT to Total Assets, and Book Value of Equity to Book Value of Debt. The results of this research show that in 2020 PT Bukalapak.com (BUKA) and PT Gojek Tokepedia Tbk (GOTO) were in bankruptcy because the Z-Score was below 1,10. In 2021-2022 PT Bukalapak.com (BUKA) and PT Gojek Tokepedia Tbk (GOTO) are in a healthy condition because the Z-Score is above 2,60.
THE INFLUENCE OF FINANCIAL LITERACY ON THE USE OF QRIS AS A PAYMENT METHOD Mansyur, Muthmainnah; Idris, Abdi Akbar; Nurman; Ramli, Anwar; Aslam, Annisa Paramaswary
Journal Management & Economics Review (JUMPER) Vol. 1 No. 5 (2023): November
Publisher : Journal Management & Economics Review (JUMPER)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59971/jumper.v1i5.97

Abstract

This research aims to determine the influence of Financial Literacy on the Use of QRIS as a Payment Method among Students of the Management Program, Faculty of Economics and Business, University State of Makassar, batch 2020-2022. The data used in this research is primary data from 135 samples. The methods used to analyze the relationship between independent and dependent variables include descriptive analysis, assumption tests, validity tests, reliability tests, and simple linear regression analysis. The findings in this research show that Financial Literacy (X) affects the Use of QRIS (Y), with a p-value of 0.000 < 0.05, a correlation coefficient of 0.661, and an R Square value of 0.437, which indicates that financial literacy affects the use of QRIS by 43.7%. The regression coefficient value for Financial Literacy (X) is 0.833, meaning that any increase in Financial Literacy leads to an increase in the variable of QRIS Usage. This result is consistent with (H1), which states that Financial Literacy influences the Use of QRIS as a Payment Method among Students of the Management Study Program, Faculty of Economics and Business, Makassar State University.
ANALYSIS OF THE INFLUENCE OF FUNDAMENTAL FACTORS ON FIRM VALUE IN TELECOMMUNICATIONS COMPANIES LISTED ON THE BEI Juliani Khairul, Nila; Widhi Kurniawan, Agung; Nurman; Tawe, Amiruddin; Aslam, Annisa Paramaswary
Journal Management & Economics Review (JUMPER) Vol. 1 No. 5 (2023): November
Publisher : Journal Management & Economics Review (JUMPER)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59971/jumper.v1i5.109

Abstract

This study aims to determine the effect of liquidity, solvency, and profitability on firm value. The independent variables in this study are liquidity, solvency, and profitability. The dependent variable in this study is firm value. The population in this study is telecommunications companies listed on the IDX for the period 2015-2022. The method of determining the sample that was used in this study was purposive sampling, namely the sampling technique using certain criteria, obtained 5 companies that met the sample criteria in this study so that the total sample in this company was 40 samples. The analysis method used in this study is multiple linear regression analysis method. The results of this study indicate that liquidity has a negative but insignificant effect on firm value while solvency and profitability have a positive and significant effect on firm value.
EFFECT OF NET PROFIT MARGIN, PRICE TO BOOK VALUE EARNING PER SHARE ON STOCK RETURNS : in Food and Beverage Companies Listed on The Indonesia Stock Exchange Fausyah, Nur; Musa, Muh Ichwan; Nurman; Musa, Chalid Imran; Amin, Andi Mustika
Journal Management & Economics Review (JUMPER) Vol. 1 No. 5 (2023): November
Publisher : Journal Management & Economics Review (JUMPER)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59971/jumper.v1i5.114

Abstract

The aim of this research is to determine the effect of net profit margin, price to book value, and earnings per share on stock returns in food and beverage companies listed on the IDX in 2018-2022. The independent variables in this research are net profit margin, price to book value, and earnings per share. The dependent variable in this research is stock returns.The population in this research is food and beverage companies registered on the IDX for the 2018-2022 period. The sampling method in this research is purposive sampling, namely the sampling technique uses certain criteria, 10 companies were obtained that met these criteria so that the total sample in this research was 50 samples. The analytical method used in this research is the multiple linear regression analysis method. The results of this research show that net profit margin has a negative and significant effect on stock returns in food and beverage companies listed on the IDX, while price to book value and earnings per share have a positive and significant effect on stock returns in food and beverage companies listed on the IDX , and simultaneously net profit margin, price to book value, earnings per share have a positive and significant effect on stock returns in food and beverage companies listed on the IDX.
PROFITABILITY RATIO ANALYSIS TO ASSESS FINANCIAL PERFORMANCE AT BANK SYARIAH INDONESIA (BSI) Ramadhani, Khusnul Khatimah Putri; Haeruddin, M. Ikhwan Maulana; Nurman; Amin, Andi Mustika; Aslam, Annisa Paramaswary
Journal Management & Economics Review (JUMPER) Vol. 1 No. 6 (2023): December
Publisher : Journal Management & Economics Review (JUMPER)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59971/jumper.v1i6.119

Abstract

This research aims to find out and analyze the financial performance of Bank Syariah Indonesia for the 2021-2022 quarter period, ratios based on profitability, namely net profit margin, return on assets, return on equity, and operational expenses to operating income. This research uses a quantitative approach using profitability ratio measurements. The data studied is in the form of Bank Syariah Indonesia's financial reports for the quarterly period 2021-2022. Based on the results of the analysis, it was concluded that the performance based on Net Profit Margin (NPM) was in very good criteria, the Return On Assets (ROA) was in fairly good criteria, the Return On Equity (ROE) was in fairly good criteria, and the Operational Expenses on Operational Costs (BOPO) are in perfect criteria.
OPTIMAL PORTFOLIO FORMATION ANALYSIS USING THE SINGLE INDEX MODEL DURING THE COVID-19 PANDEMIC: A Study on The LQ 45 Index on the Indonesian Stock Exchange (IDX) Rafiana A. S., Andi Besse; Maulana, M. Ikhwan; Anwar; Burhanuddin; Nurman
JOURNAL OF HUMANITIES, SOCIAL SCIENCES AND BUSINESS Vol. 2 No. 3 (2023): MAY
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/jhssb.v2i3.625

Abstract

This study aims to determine the optimal portfolio formation using the single index model method on LQ 45 Index stocks for the period from March 2020 to December 2021. The population in this study consists of all company shares included in the LQ 45 Index during the specified period, totaling 45 stocks. A sample of 36 companies was selected using a nonprobability sampling technique with a purposive sampling method. Data collection was carried out using documentation techniques, primarily focusing on collecting closing stock price data. The data analysis process involved collecting the closing stock price data and utilizing the single index model method to identify an optimal portfolio. The results of this study indicate that 18 company shares were included in the optimal portfolio. These companies are ADRO (7.46%), AKRA (14.51%), ANTM (7.97%), ASII (4.42%), BBNI (3.3%), BBTN (1.8%), BMRI (4.55%), CPIN (1.45%), ERAA (11.14%), EXCL (3.19%), INCO (8.55%), INKP (3.98%), ITMG (5.08%), JPFA (4.86%), JSMR (3.37%), KLBF (8.3%), TKIM (1.85%), and TOWR (4.23%). The expected return for the portfolio is 4.38% per month, with a portfolio risk borne by investors of 0.29% per month. The study suggests that constructing a portfolio with the identified stocks can yield favorable returns. However, it is crucial to regularly reassess and adjust portfolios due to changing market conditions and individual risk preferences. The implications highlight the benefits of using the single index model for portfolio formation. By considering the relationship between individual stocks and the LQ 45 Index, investors can make informed decisions to maximize returns while managing risk. These specific stocks can serve as a starting point for further research in portfolio management.
THE INFLUENCE OF WORK ENVIRONMENT AND WORK MOTIVATION ON EMPLOYEE PERFORMANCE AT UPT OFFICE. SAMSAT BULUKUMBA Adelia, Haera; Nurman; Idris, Abdi Akbar; Musa, Chalid Imran; Haeruddin, M. Ikhwan Maulana
JOURNAL OF HUMANITIES, SOCIAL SCIENCES AND BUSINESS Vol. 2 No. 3 (2023): MAY
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/jhssb.v2i3.648

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This study aimed to examine the impact of work environment and work motivation on employee performance at the UPT office, Samsat Bulukumba. The sample population comprised 28 employees from the UPT office, and a saturated sampling method was employed for this quantitative research. Primary and secondary data were collected using a questionnaire distribution technique. The data were analyzed using SPSS 21. The findings indicated a positive relationship between the work environment (X1) and employee performance (Y), with a coefficient value of 0.396 (>2.059) and a significant value of 0.005 (<0.05). However, the work motivation (X2) exhibited a negative effect on employee performance (Y), with a coefficient value of -0.070 (<2.059) and a non-significant value of 0.559 (>0.05). The coefficient of determination revealed that the variables of work environment and work motivation accounted for 29.9% of the influence on employee performance, while the remaining percentage was attributed to other variables beyond the scope of this study.
PENERAPAN MANAJEMEN KEUANGAN SEKOLAH DI SMP NEGERI 1 BAJENG KABUPATEN GOWA Fadilah, Nurul; M. Ikhwan Maulana Haeruddin; Nurman
MANABIS: Jurnal Manajemen dan Bisnis Vol. 2 No. 2 (2023): Juni 2023
Publisher : Yayasan Pendidikan Penelitian Pengabdian Algero

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54259/manabis.v2i2.1775

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This study aims to determine the mechanism for implementing school financial management at SMP Negeri 1 Bajeng, Gowa Regency. The type of research used in this research is descriptive qualitative with data collection methods through observation, interviews and documentation studies. The data management and data analysis techniques used are data reduction, data presentation and drawing conclusions. The results of this study indicate that the implementation of educational financial management at SMP Negeri 1 Bajeng, Gowa Regency can be carried out in a controlled and effective manner, especially in terms of financial allocation. Although in practice there are still some obstacles experienced by the school. The school education financial management system is implemented with reference to the preparation of the RKAM. The mechanism for implementing educational financial management at SMP Negeri 1 Bajeng includes financial planning, and auditing and financial accountability. With the creation of the RKAM that has been produced by the school during the annual work meeting, this is very helpful and supports the school in achieving the maximum success of each implementation of educational operational activities. The ability of human resources owned by SMP Negeri 1 Bajeng is a supporting factor for the school in overcoming obstacles that occur due to existing financial conditions with priority and unexpected financial expenditures/allocations
ANALISIS KINERJA KEUANGAN DENGAN PENDEKATAN METODE ECONOMIC VALUE ADDED (EVA) PADA PT. KALBE FARMA TBK TAHUN (2016-2020) Taufiq, Muhammad Azizil; Nurman; Budianti, Hety
TRANSEKONOMIKA: AKUNTANSI, BISNIS DAN KEUANGAN Vol. 2 No. 5 (2022): September 2022
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/transekonomika.v2i5.177

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This study aims to determine how the financial performance of PT. Kalbe Farma, Tbk in 2016 to 2020 and to find out whether or not there is a difference between the EVA value produced by the company before the 2016-2019 pandemic and during the 2020 pandemic. The population in this study is the company's annual financial report, while The sample used is the company's balance sheet and income statement. The data collection technique in this study is user documentation, then it will be analyzed using the Economic Value Added (EVA) method, which consists of the calculation of NOPAT, Invested Capital, WACC, Capital Charge, and EVA which is then tested using the Kruskal Wallis H Test method. The results of this study indicate that the company's EVA value from 2016 to 2020 continues to be positive, so it can be said that there is an economic added value to the company. Then, based on the Kruskal Wallis H Test by producing the Asymp value. Sig. of 0.157 (p > 0.05), it can be said that there is no difference in the EVA value generated by the company in the period before the 2016-2019 pandemic with the period during the 2020 pandemic.
PENGARUH KEPEMIMPINAN TERHADAP KINERJA KARYAWAN UD TIGA PUTRA DI KABUPATEN BULUKUMBA Jamnur, Adrian Maulana; Ruma, Zainal; Nurman
TRANSEKONOMIKA: AKUNTANSI, BISNIS DAN KEUANGAN Vol. 2 No. 5 (2022): September 2022
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/transekonomika.v2i5.232

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This study aims to test whether the variables have an effect on employee performance at UD Tiga Putra. The population in this study is a total of 32 employees of UD Tiga Putra, while the sample in this study using the saturated sample technique will be found 32 people. The data collection technique used is a questionnaire. The data collected is then entered into a simple linear regression equation. The findings in this study indicate that partially the leadership variable has a positive and significant effect on employee performance at UD Tiga Putra in Bulukumba Regency. Hence, every time there is an increase in leadership it will improve employee performance and vice versa. So that the hypothesis in this study is accepted. Based on the results of the study, it can be said that companies need to maintain a leadership strategy by receiving good suggestions, paying attention to employees and not only the company and employee involvement in the company's decision-making process as a step in improving employee performance. In addition, UD Tiga Putra needs to improve on leadership in making decisions that must be carried out absolutely by employees, because this will have an impact on suppressing employees which will make the employee's performance decrease.
Co-Authors A. Nur Azilah A. Wulandari Abdi Akbar Idris Abdul Rahman Abdul Rahman Abdullah, Nur Hudaya Achmad Hamka Hamid Adelia, Haera Adri, Mutia Tasyah Ageng Aufa Zaki Agung Widhi Kurniawan Ahmad Ali Amalia Reviska Selamanda Amiruddin Tawe Amrullah, Dirhamzah Anang Setiawan Andi Dwi Wulandari Andi Mustika Amin Annisa Oktavia Ramadhani Annisa Paramaswary Annisa Paramaswary Aslam Anugrah Nurjannah Anugrah, Fira Anwar Anwar Anwar Anwar Anwar Ramli Anwar Ramli Aria Saputra Armiati Arsil Ainun Rahman Aslam, Annisa Paramaswary Asniwati Ayu Afrilia Budianti, Hety Burhanuddin Chalid Imran Musa Chalid Imran Musa Darmayanti, Puput Amelia Dawa, Natsharani Tasik Dipoatmodjo, Tenri S.P Dipoatmodjo, Tenri S.P. Dwi Anugerah Lestari Musa Eli Rahmawati, Eli Evi Puspita Sari Fadelia, Regita Fadianti, Nurhas Fausyah, Nur Hanafi, Anhar Ahmad Syah Hartini Hasbiah, Siti Hayati Hety Budiyanti Hety Budiyanti, Hety Husnia Ichwan Musa, Muhammad Idris, Abdi Akbar Ilma Wulansari Hasdiansa Indriani Agustina, Indriani Isra' Indriyani Jamnur, Adrian Maulana Juliani Khairul, Nila Karmila Kasrianti Khairun Umrah Lidia Ning Tias Lintang Dwi Wulandari Luthfiana, Andi Gita Aqilah M. Ikhwan Maulana Haeruddin Madina Maghfirah Sultan, Nurul Maisyaroh, Ummi Mansyur, Muthmainnah Maulana, M. Ikhwan Maulidsa Qadyannu Mukarram, Hadratul Musa, Muh Ichwan Musa, Muhammad Ichwan Musfira, Nur Fauziah Natsir, Uhud Darmawan Nur Hidayah Nur Suka Nengsih Nuralisa Nurjannah Nurmelisa Nurqalby, Azzahrah Nursafitri Nursyahidah, Sumaya Nurul Amanda Nurul Fadilah Aswar Nurul Fadilah, Nurul Paramaswary Aslam, Annisa pengelola, pengelola Pertiwi, Nabilah Rafiana A. S., Andi Besse Rahmadani, Dwi Rahmalia Putri Ramadhani, Gina Ramadhani, Khusnul Khatimah Putri Rezky Amalia Hamka Rini Anggraeni Risdayanti Idris Riska Romansyah Sahabuddin Rosmah Ruma, Zainal Safira Ainu Nadira Sofyan Saiful Sapira, Amani Sahra Serli Siti Hasbiah Syaiful, Muhammad Fadhil Syamsul, Ikhlazhizha Syarif Hidayat Amrullah Taufiq, Muhammad Azizil Tawe, Amiruddin Tenri Sayu Puspitaningsih Dipoatmodjo Thoharoh, Muchibatut USWATUN HASANAH Vira Ayustina We Batary Pada Widhi Kurniawan, Agung Yand. S, Britny Zainal Ruma Zehroh, Halimatus Zulkarnaen, Muh. Faiq