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Bankruptcy analysis using altman z-score model in retail trading company listed in Indonesia stock exchange Ramadona Simbolon; Sri Elviani
Proceedings of AICS - Social Sciences Vol 7 (2017): 7th AIC in conjuction ICMR 2017 Universitas Syiah Kuala October 2017
Publisher : Proceedings of AICS - Social Sciences

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (220.914 KB)

Abstract

The purpose of this study was to bankruptcy prediction in trading retail companies listed in Indonesian Stock Exchange. The population of this study is a retail company listed on the Indonesia Stock Exchange, which amounted to 22 companies. The research samples were 19 companies, selected using purposive sampling method. This study uses secondary data that collected from Indonesian Stock Exchange website in the form of audited financial statements for years 2015 and 2016. We used Altman Z Score for data analysis. This study find that 3 firms in 2016 and 2015 are always on the bankruptcy classification with z score of less than 1.8, so the findings of this study can be useful for managers and shareholders in financial decision-making to take steps financial and business strategic and for governments to work out solutions to prevent bankruptcy by boosting economic growth and suppressing inflation rates to increase public purchasing power. This study also find 8 firms are always in a non-bankrupt or healthy classification with an Altman score of z score greater than 2.9, so, these findings can be useful for managers and shareholders to make financial decisions, by looking for investment options to make available funds can be utilized and not just focus on retail companies only.
The Accuracy of the Altman, Ohlson, Springate and Zmejewski Models in Bankruptcy Predicting Trade Sector Companies in Indonesia Sri Elviani; Ramadona Simbolon; Zenni Riana; Farida Khairani; Sri Puspa Dewi; Fauzi Fauzi
Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences Vol 3, No 1 (2020): Budapest International Research and Critics Institute February
Publisher : Budapest International Research and Critics University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33258/birci.v3i1.777

Abstract

Bankruptcy prediction models continue to develop both in terms of forms, models, formulas, and analysis systems. Various bankruptcy prediction studies currently conducted aim to find the most appropriate and accurate bankruptcy prediction model to be used in predicting bankruptcy. This study aims to determine the most appropriate and accurate model in predicting the bankruptcy of 53 trade sector companies in Indonesia. The analysis technique used in this study is binary logistic regression. The results of this study prove that the most appropriate and accurate model in predicting bankruptcy of trade sector companies in Indonesia is the Springate model and the Altman model
The Determinants of Earnings Response Coefficients: Case Study from Chemical Industry in Indonesia Sri Elviani; Zenni Riana; Ramadona Simbolon; Sri Puspa Dewi
Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences Vol 5, No 1 (2022): Budapest International Research and Critics Institute February
Publisher : Budapest International Research and Critics University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33258/birci.v5i1.4089

Abstract

This study aims to analyze the factors that influence the earnings response coefficient. This study uses secondary data that applies a multiple linear regression model with a sample period 2015-2018 of the basic chemical industry companies listed on the Indonesia Stock Exchange. The test results indicate that capital structure effect negatively to earnings response coefficient and profitability affect positively to earnings response coefficient. While growth opportunity, company size, audit quality and systematic risk partially do not affect the earnings response coefficient. This study provides an insight that growth opportunity, capital structure, company size, profitability, audit quality, systematic risk can affect the earnings response coefficient. This research is expected to assist investors in conducting fundamental analysis in the valuation model to determine the market reaction to the earnings information of a company, so that investors can find out the size of the share price response to the company's earnings information. The limitation in this study is the amount of samples that only take data on basic chemical industry companies listed on the Indonesian stock exchange.
Pelatihan Online Citation dan Reference Manager dengan Menggunakan Aplikasi Mendeley dalam Meningkatkan Kualitas Penulisan Karya Ilmiah Mahasiswa Fakultas Ekonomi Sri Elviani; Ramadona Simbolon; Zenni Riana; Yusrita; Nur Augus Fahmi
Jurnal SOLMA Vol. 11 No. 1 (2022)
Publisher : Universitas Muhammadiyah Prof. DR. Hamka (UHAMKA Press)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22236/solma.v11i1.7872

Abstract

Background: Tindakan plagiasi sering sekali dilakukan secara tidak sengaja oleh mahasiswa dalam menulis karya ilmiah ataupun tugas akhir seperti skripsi. Hal ini terjadi disebabkan karena mahasiswa belum memahami bagaimana membuat sebuah sitiran yang baik dan benar. Untuk memberikan pengetahuan dan pemahaman dalam dalam membuat sitasi dibutuhkan sebuah aplikasi yang berfungsi sebagai citation dan refernce manager. Mendeley adalah salah satu aplikasi “citation dan reference manager” yang penggunaannya mudah dipahami. Kegiatan pengabdian kepada masyarakat (PKM) ini dilaksanakan dalam bentuk pelatihan yang bertujuan untuk melatih dan mendampingi mahasiswa Fakultas Ekonomi Universitas Islam Sumatera Utara, Universitas Muslim Nusantara dan Universitas Budi Darma dalam menambah pengetahuan dan meningkatkan ketrampilan meraka membuat sitasi dan daftar pustaka dengan menggunakan mendeley. Metode: Metode yang digunakan dalam kegiatan ini adalah ceramah yang dilakukan oleh pemateri, demostrasi oleh pemateri, praktek dan latihan oleh peserta dan pendampingan oleh pemateri. Hasil: setelah mengikuti pelatihan mahasiswa memahami dan terampil dalam mengaplikasikan mendeley, sehingga memudahkan mereka membuat sitasi dan reference manager dalam menulis karya ilmiah. Dengan pemahaman dan keterampilan dalam membuat sitasi dan reference manager akan menghindari mahasiswa dalam praktik Tindakan plagiarism yang dilakukan secara tidak sengaja dalam menghasilkan sebuah karya ilmiah. Kesimpulan: Mahasiswa Fakultas Ekonomi dapat menggunakan aplikasi Mendeley dan terampil dalam membuat sitasi dan reference manager dalam menghasilkan sebuah karya ilmiah.
ASPEK RENTABILITAS, LIKUIDITAS DAN SOLVABILITAS PADA KINERJA KEUANGAN PT. PERKEBUNAN NUSANTARA III SUMATERA UTARA PERIODE 2012-2014 Ramadona Simbolon
JRAM (Jurnal Riset Akuntansi Multiparadigma) Vol 4, No 3 (2017)
Publisher : Universitas Islam Islam Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (234.223 KB) | DOI: 10.30743/akutansi.v4i3.328

Abstract

This study focused on financial performance of PT. Perkebunan Nusantara III (Persero) in the period 2012-2014, before the company was appointed as a chief of holding company of State-Owned Enterprises (BUMN). This appointed holding company caused to raise questions related to the condition of the company such as related to management, production and finance; whether the company belonged to healthy company. Therefore, this research was conducted by referring to the Decree of the Minister of Finance of the Republic of Indonesia No. 826/KMK.013/1992 which described the standardization of healthy company in terms of profitability, liquidity and solvency. This research was a qualitative descriptive research with data collection from both primary and secondary sources in the form of documents. Analyzing data was performed on these documents by detailing, comparing and describing them for conclusions. The results of this study indicated that the overall financial performance level of the company was unhealthy based on the average for three years, from 2012 to 2014 by considering to the Decree of the Minister of Finance of RI. No. 826 KMK.013/1992 in terms of profitability, liquidity and solvency. The average achievement rate over the last three years was 64.52%, where the achievement was less than 90. This might be due to several internal factors such as non-business costs or lack of power in paying corporate liabilities. Therefore for the next period the company must pay attention to these factors in order to achieve company goals in accordance with expectations.
FAKTOR-FAKTOR YANG MEMPENGARUHI HARGA SAHAM PERUSAHAAN TELEKOMUNIKASI Sri Elviani; Ramadona Simbolon; Sri Puspa Dewi
JRAM (Jurnal Riset Akuntansi Multiparadigma) Vol 6, No 1 (2019): Juli
Publisher : Universitas Islam Islam Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (553.048 KB) | DOI: 10.30743/akutansi.v6i1.1408

Abstract

The purpose of this study was to analyze the effect of Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin (NPM), Debt to Asset Ratio (DAR), Debt to Equity Ratio (DER) and Earning per Share (EPS) towards the share price of telecommunications companies in Indonesia. The population of this study is a company engaged in telecommunications registered on the Indonesia Stock Exchange in 2012-2017. This study used a purposive sampling method which resulted in a total sample of 30 samples. The analysis technique of this study uses multiple linear regression to describe the relationship between one variable with other variables. The results of this study indicate that the ROE, and DER variables have a positive and significant effect on the share price of telecommunications companies, for the variables ROA, NPM, DAR and EPS do not have a positive and significant effect on the share price of telecommunications companies. On the other hand, the variables ROA, ROE, NPM, DAR, DER and EPS together have an influence on the share price of telecommunications companies. The adjusted R-Square value is 0.538, this means that 53.8% of the dependent variable stock price can be influenced by the variables ROA, ROE, NPM, DAR, DER and EPS.
PENGARUH LEVERAGE, WORKING CAPITAL TURNOVER, DAN NET PROFIT MARGIN TERHADAP PROFITABILITAS PADA PERUSAHAAN BUMN YANG TERDAFTAR DI BURSA EFEK INDONESIA Cut Riska Jafira; Sri Elviani; Yusrita .; Ramadona Simbolon
JRAM (Jurnal Riset Akuntansi Multiparadigma) Vol 8, No 1 (2021): Juli
Publisher : Universitas Islam Islam Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (329.347 KB) | DOI: 10.30743/akutansi.v8i1.4064

Abstract

The objectives in this study are whether Debt to equity ratio, Debt to assets ratio, Working capital turnover and Net profit margin simultaneously affect the Profitability projected with Return on Assets on state-owned companies listed on the Indonesia Stock Exchange. In this study, there is an influence of Debt to equity ratio, Debt to assets ratio, Working capital turnover and Net profit margin on Profitability which is projected with Return on Assets on state-owned companies listed on the Indonesia Stock Exchange.The population in this study is state-owned companies listed on the Indonesia Stock Exchange in 2017-2019.  The selection of samples in this research was conducted using purposive sampling method, which became a sample of 16 companies. The data type in this study is secondary data. The analysis method used is descriptive statistics. The results concluded that the impartiality of theDebt to assets ratio andNet profit margins had an impact on theprofitability of theDebt to equity ratio and working capital turnover did not affect the Simultaneous Productability (Test F) that the overall independent variable significantly affected profitability in state-owned companies listed on the Indonesia Stock Exchange.
PENGARUH KINERJA KEUANGAN DAN ECONOMIC VALUE ADDED TERHADAP RETURN SAHAM PADA PERUSAHAAN FARMASI DI BURSA EFEK INDONESIA Awaluddin .; Shofwan Andri; Ramadona Simbolon
JRAM (Jurnal Riset Akuntansi Multiparadigma) Vol 8, No 2 (2021): Desember
Publisher : Universitas Islam Islam Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (384.963 KB) | DOI: 10.30743/akutansi.v8i2.4770

Abstract

The purpose of this study is to prove the relationship between return on assets and economic value added with stock returns in pharmaceutical sector companies listed on the Indonesia Stock Exchange, from 2017 to 2019. Sampling was carried out by purposive sampling, and there were 6 companies used as samples. as research samples from 10 companies. The source of data in this study is secondary data obtained from the Indonesia Stock Exchange. Data were analyzed using multiple linear regression. The results of this study provide evidence that individually, return on assets has a positive and significant effect on stock returns, and economic value added does not have a significant effect on stock returns. Meanwhile, simultaneously return on assets and economic value added have a positive and significant effect on stock returns.
Determinan koefisien respon laba: studi kasus industri kimia di Indonesia Sri Elviani; Zenni Riana; Sri Puspa Dewi; Ramadona Simbolon
Proceeding of National Conference on Accounting & Finance Volume 4, 2022
Publisher : Master Program in Accounting, Faculty of Economics, Universitas Islam Indonesia

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Abstract

Penelitian ini bertujuan untuk menganalisis faktor-faktor yang mempengaruhi koefisien respon laba.”Penelitian ini menggunakan data sekunder yang menerapkan model regresi linier berganda dengan periode sampel 2015-2018. Dengan menggunakan sampel 90 perusahaan industry kimia dasar yang terdaftar di Bursa Efek Indonesia.”Hasil penelitian “menunjukkan bahwa growth opportunity, capital structure, company size, profitability, audit quality dan systematic risk secara simultan berpengaruh terhadap ERC.”Secara parsial “capital structure berpengaruh negative terhadap earnings response coefficient dan profitability berpengaruh positif terhadap earnings response coefficient.” Sedangkan growth opportunity, company size, audit quality dan systematic risk secara parsial tidak berpengaruh terhadap ERC. Study mengenai earnings response coefficient akan terus menarik untuk diamati karena pasar akan selalu menunjukkan adanya reaksi yang berbeda terhadap berita baik atau buruk dari perusahaan yang berbeda.
Perhitungan Kerugian Infrastruktur dan Ekonomi Pasca Bencana Hidrometerologi Ronal H. T. Simbolon; Ramadona Simbolon; Anisa Lukman
JEKKP (Jurnal Ekonomi, Keuangan dan Kebijakan Publik) Vol 4, No 2 (2022): 30 Desember 2022
Publisher : Universitas Islam Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1617.868 KB) | DOI: 10.30743/jekkp.v4i2.6509

Abstract

Assessment of post-disaster damage and losses is to as soon as possible measure the scale of the disaster's impact so that priority can be determined for handling and determining strategies for reconstruction and rehabilitation. In addition, the damage and loss assessment aims to estimate the benefits of the investment that will be allocated to the community and the development of areas affected by the disaster. However, it is difficult for government institutions to calculate post-disaster losses, which can lead to asymmetric information and budget abuse. Therefore, the document for calculating infrastructure and economic losses is important in providing fast and accurate information after a hydrometeorological disaster