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FINANCIAL PERFORMANCE, INSTITUTIONAL OWNERSHIP, SIZE, AND FIRM VALUE : A STRUCTURAL EQUATION MODELING APPROACH N Rusnaeni; Hari Gursinda; Hendro Sasongko; Dani Rahman Hakim
International Journal of Economics, Business and Accounting Research (IJEBAR) Vol 6, No 1 (2022): IJEBAR
Publisher : LPPM ITB AAS INDONESIA (d.h STIE AAS Surakarta)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/ijebar.v5i4.3856

Abstract

This study analyzed the effect of financial performance, institutional ownership, and firm size on firm value. This study used the partial least square structural equation modeling (PLS-SEM) analysis to examine which indicators best measure financial performance. This study employed panel data from Indonesia's 13 property and real estate sector companies. This study found that the return on assets ratio is the only indicator measuring financial performance. This study also found that financial performance positively affects firm value. On the other hand, institutional ownership affected the firm value negatively. In contrast, this study failed to prove any positive effect of firm size on firm value. This study indicated that investors tend to pay close attention to profitability as the primary consideration when investing in property and real estate companies' shares. Another implication of this research is that the significant institutional ownership in a company tends to make investors uninterested
Strategic management model with lens of knowledge management and competitive intelligence Reza Suriansha; Hendro Sasongko
Journal of Economics and Business UBS Vol. 11 No. 1 (2022): Journal of Economics & Business UBS
Publisher : UniSadhuGuna Business School

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52644/joeb.v11i1.79

Abstract

Lingkungan bisnis yang dinamis, bergejolak dan kompleks telah memaksa organisasi masa kini untuk menggunakan informasi dan pengetahuan yang akurat dari lingkungan internal dan eksternal mereka dalam membuat keputusan strategis, operasional dan taktis. Keputusan yang diambil melalui cara ini dapat menghasilkan keunggulan kompetitif berdasarkan sumber daya informasi dan pengetahuan. Inilah sebabnya mengapa abad kedua puluh satu disebut “Abad Pengetahuan” atau “Era Pengetahuan”. Dalam konteks era pengetahuan ini, Peter Drucker, bapak teori manajemen, dengan tepat menggambarkan bahwa baik modal maupun manusia, bahkan sumber daya alam, tidak akan menjadi alat produksi. Sebaliknya itu akan menjadi pengetahuan tambahan yang disajikan dengan teori pandangan berbasis pengetahuan perusahaan. Penelitian ini menggunakan metode systematic literature review pada penelitian-penelitian dalam rentang waktu tahun 2000-2016. Peneliti menggunakan model manajemen strategis Fred David. Untuk mencapai tujuan tersebut, melibatkan pemutakhiran matriks evaluasi internal dan eksternal kunci secara terus menerus, terbentuk pada tahap perencanaan strategis, dan identifikasi faktor internal dan eksternal lainnya yang muncul. Kesimpulan dari penelitian ini adalah pengetahuan dan informasi merupakan sumber daya strategis agar organisasi dapat unggul dan kompetitif.
ANALISIS PERHITUNGAN HARGA POKOK PRODUKSI DENGAN METODE ACTIVITY BASED COSTING SYSTEM PADA KONVEKSI THANKZ PROJECT Retno Martanti Endah Lestari; Hendro Sasongko; Devia Leviasari
Entrepreneurship and Small Business Research for Economic Resilience Vol. 1 No. 2 (2022): Volume 1 Nomor 2 Tahun 2022
Publisher : Fakultas Ekonomi dan Bisnis Universitas Pakuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53698/essence.v1i2.8

Abstract

ABSTRAK Penelitian ini bertujuan untuk mengetahui perhitungan harga pokok produksi dengan perbandingan perhitungan menggunakan metode yang biasanya digunakan oleh konveksi thankz project dan dengan metode activity based costing. Penelitian ini merupakan penelitian kuantitatif. Data yang digunakan adalah data primer dan data sekunder yang diperoleh dengan cara wawancara, observasi, dan dokumentasi. Metode analisis data yang digunakan pada penelitian ini adalah analisis deskriptif. Hasil dari penelitian ini menunjukkan bahwa perhitungan dengan metode activity based costing mengalami undercosting pada beberapa produk di konveksi thankz project yaitu jaket, hoodie dan merchandise dan juga mengalami overcosting pada produk kaos, hal ini terjadi karena perubahan biaya overhead pabrik setelah dilakukannya perhitungan dengan metode activity based costing. Dapat disimpulkan bahwa penentuan harga pokok produksi dengan metode activity based costing lebih favorable apabila diterapkan pada konveksi thankz project. ABSTRACT This study aims to determine the calculation of the cost of goods manufactured by comparison using the method usually used by the thankz project convection and with the activity based costing method. This research is a quantitative study. The data used are primary data and secondary data obtained by means of interviews, observations, and documentation. The data analysis method used in this research is descriptive analysis. The results of this study, calculations using the activity based costing method experienced undercosting on several products in the thankz project convection, namely jackets, hoodies and merchandise and also experienced overcosting on t-shirt products, this happened due to changes in overhead costs after calculations using the activity based costing method. It can be concluded that the determination of cost of goods manufactured by the activity-based costing method is more favorable when applied to the thankz project convection.
Determinant of Foreign Direct Investment in Indonesia Plantation Sector RIZKY P. LUBIS; MUHAMMAD FIRDAUS; HENDRO SASONGKO
Jurnal Bisnis Manajemen Vol 16, No 2 (2015): September 2015
Publisher : Fakultas Ekonomi dan Bisnis Universitas Padjadjaran

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (503.066 KB) | DOI: 10.24198/jbm.v16i2.11

Abstract

Realization of investment in Indonesia is dominated by foreign investors where capital intensive sector such as mining industry is the primary focus. To strengthen their roles in national economies, foreign investors should be directed to plantation sector since it has huge role in labor absorption and positive trade balance. According to MP3EI, realization of investment in plantation sector has reached 2.29 percent in march 2013 which was still below of target. This research aimed to analyze determinants of foreign direct investment conducted vector error correction model analysis and formulated strategies by using SWOT matrix to increase Indonesia plantation sector. Variables used in this model were foreign direct investment, exports value, exchange rates, domestic interest rates, interest rates in United State of America, consumer price index, gross domestic product and crisis as dummy variable. The strategy alternatives were formulated by SWOT model based on the questionnaire and respondents interview designed in analytical hierarchy process framework. The result from model suggested that in the short term exchange rate, value of exports, United States interest rates, gross domestic product and consumer price index had positive impact to foreign direct investment. On the other side crisis had negative impact. Meanwhile in long term, domestic interest rates, gross domestic product and consumer price index had positive impact but crisis had negative contribution. The strategy priority to increase foreign direct investment in Indoensia plantation sector can be undertaken through harmonization between central and local governments regulations.Keywords: Foreign Direct Investment, Vector Error Correction Model, SWOT Matrix
IMPLEMENTATION OF GOOD CORPORATE GOVERNANCE FOR SUSTAINABLE BUSINESS IN BUMDES IN BOGOR DISTRICT Hari Gursida; Didik Notosudjono; Yohannes Indrayono; Hendro Sasongko
Rural Development For Economic Resilience (RUDENCE) Vol. 2 No. 2 (2023): Vol. 2 No. 2 (2023)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Pakuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53698/rudence.v2i2.45

Abstract

ABSTRACT There are quite a number of Village-Owned Enterprises (BUMDES) in the Bogor Regency area. However, of the number of BUMDES there are still a few whose business conditions are in the developing and advanced category. By looking at this condition, community service activities are aimed at providing ways, namely how to apply good business governance for sustainable businesses, especially for BUMDes that are in the developing and advanced category, so that their business can be sustainable. The method of implementing community service is carried out by first determining which BUMDES are in the developing and advanced category, identifying BUMDES problems, classifying BUMDES problems, analyzing and providing solutions and their implementation. The results of this activity BUMDES must apply governance in the fields of finance, human resources, and taxation in a good and consistent manner so that the business runs in a sustainable manner. ABSTRAK Jumlah Badan Usaha Milik Desa (BUMDES) cukup banyak di wilayah Kabupaten Bogor. Namun, dari jumlah BUMDES masih ada beberapa yang kondisi usahanya masuk kategori berkembang dan maju. Dengan melihat kondisi tersebut, kegiatan pengabdian kepada masyarakat ditujukan untuk memberikan cara-cara, yaitu bagaimana menerapkan tata kelola usaha yang baik bagi usaha yang berkelanjutan, khususnya bagi BUMDes yang berada dalam kategori berkembang dan maju, sehingga usahanya dapat berkelanjutan. Metode pelaksanaan pengabdian kepada masyarakat dilakukan dengan terlebih dahulu menentukan BUMDES mana yang masuk kategori berkembang dan maju, mengidentifikasi permasalahan BUMDES, mengklasifikasikan permasalahan BUMDES, menganalisis dan memberikan solusi serta pelaksanaannya. Hasil dari kegiatan ini BUMDES harus menerapkan tata kelola di bidang keuangan, sumber daya manusia, dan perpajakan secara baik dan konsisten agar usaha berjalan secara berkelanjutan.
ANALISIS POTENSI KEWIRAUSAHAAN GULA AREN BADUI, AKSELERASI TEKNOLOGI INOVATIF DAN PEMBERDAYAAN SDM EKSIS DI MASA KRISIS DAMPAK COVID19 Giovanni Inez Erika Margaretha; Geraldy Samuel Ivan; Roosganda Elizabeth; Rinsan Hutabarat; Annisaa Soeyono; Ratu Erlina G,; Didik Notosudjono; Arief T. Hardiyanto; Hamzah Bustomi; Hendro Sasongko; Martinus Tukiran; Hari Muharam
Mimbar Agribisnis : Jurnal Pemikiran Masyarakat Ilmiah Berwawasan Agribisnis Vol 9, No 1 (2023): Januari 2023
Publisher : Universitas Galuh

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25157/ma.v9i1.9286

Abstract

Changes in the business, economic, employment and income climate during the Covid 19 pandemic caused the global financial crisis to weaken economic growth, increase unemployment and people's purchasing power. This paper aims to present the various entrepreneurial potentials of Bedouin palm sugar, accelerate innovative technology and empower human resources for Bedouin palm sugar craftsmen to exist in the never-ending Covid-19 era. With the mixed method BEP, R/C ratio, SWOT which is interpreted descriptively qualitatively and reviews various research results and related literature. From the field findings it can be predicted that the high potential and entrepreneurial development that can be carried out by the Bedouin community in general. It is necessary to evaluate agricultural development policies from the institutional aspect of processed products, so that processed product strategies are not just raw materials and efforts to accurately formulate policies in supporting the increase in rural agro-industry going forward. Strategies for access to technology and information according to needs, the existence of adequate operational policy tools, the functioning of various supporting institutions (research, counseling, marketing), as well as regulatory support as government policies that are more focused and one-sided to accelerate the achievement of technological innovation.
PERAN INOVASI DAN STRATEGIK MANAJEMEN MENDUKUNG KESIAPAN SDM MEMASUKI DUNIA KERJA DAN USAHA DI ERA GLOBALISASI – REVOLUSI TEKNOLOGI 4.0 Giovanni Inez Erika Margaretha; Geraldy Samuel Ivan; Roosganda Elizabeth; Rinsan Hutabarat; Annisaa Soeyono; Ratu Erlina G,; Didik Notosudjono; Arief T. Hardiyanto; Hamzah Bustomi; Hendro Sasongko; Hari Muharam; Martinus Tukiran
Mimbar Agribisnis : Jurnal Pemikiran Masyarakat Ilmiah Berwawasan Agribisnis Vol 9, No 1 (2023): Januari 2023
Publisher : Universitas Galuh

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25157/ma.v9i1.9287

Abstract

The era of globalization is called the era of technological revolution 4.0, where technology is developing rapidly, all-digital technology is an absolute requirement for human resources to enter the world of work and business. There are still limited levels of education, skills, competence. The weaker motivation of human resources is the impact of rampant downsizing of the workforce, the bankruptcy of large and small companies. This paper aims to comprehensively present the role and influence of innovation and strategic management on the readiness of human resources to enter the world of work and business in the era of globalization – technological revolution 4.0, interpreted using a descriptive qualitative method of reviewing various literature and study results to enrich writing insights. The results of the writing show that the COVID-19 pandemic has had a very large and significant impact on all aspects of human life and almost all government institutions/organizations/companies in the world, in the economic, social, political, etc. fields, will become history that will never be forgotten for all people. who live in the era of the industrial revolution 4.0. The occurrence of various technological changes is required to increase innovation and creativity in managing strategies to deal with it. Technological change does not automatically bring goodness. Digital literacy is different from a digital mindset. In innovation and strategic execution/implementation, monitoring and evaluation of the most important stages and government alignment (regulation, conducive alignment).
Financial performance, capital structure, and firm's value: The moderating role of dividend policy N Rusnaeni; Dani Rahman Hakim; Hari Gursida; Hendro Sasongko
Journal of Busiess, Social and Technology (Bustechno) Vol. 4 No. 1 (2023): Journal of Business, Social and Technology (Bustechno)
Publisher : Politeknik Siber Cerdika Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (534.44 KB) | DOI: 10.46799/jbt.v4i1.113

Abstract

This study examines the effect of financial performance and capital structure on firm value with dividend policy as a moderating variable. The sample in this study was 13 property and real estate sector companies from 2011 to 2020, with a total of 130 observations. This study found that financial performance and capital structure positively affect firm value. Meanwhile, this study finds that dividend policy cannot moderate the effect of financial performance and capital structure on firm value. The results of this study indicate that property and real estate investors still prioritize the firm's financial performance. Investors are relatively more cautious in investing in property and real estate sector companies even though the dividends offered are pretty high. Thus, property and real estate sector companies need to be more creative in improving their financial performance and obtaining resources to develop their business.
The Influence of Productive Asset Quality, Loan to Deposit Ratio, Non Performing Loan, and Operating Expenses to Operating Income on Profit with Capital Adequacy Ratio as Moderating Variable in Indonesian Banking Hendro Sasongko; Nancy Yusnita
Jurnal Manajemen dan Keuangan Vol 12 No 1 (2023): JURNAL MANAJEMEN DAN KEUANGAN
Publisher : Program Studi Manajemen Fakultas Ekonomi Universitas Samudra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33059/jmk.v12i1.7455

Abstract

Banking has an important role in the economy and has a function as an agent of trust, agent of development, and agent of services. In creating a healthy banking system, Bank Indonesia issued a program to strengthen national banking to strengthen capital in order to improve the ability of banks to manage business and risk. The purpose of this study was to analyze the effect of earning asset quality, loan to deposit ratio, non-performing loans, and operating expenses on operating profit with the capital adequacy ratio as a moderating variable in Indonesian banking. The sample selection was carried out by purposive sampling method, namely the 10 largest banks in Indonesia. The model estimation analysis method is done by panel data regression analysis. The results showed that the CAR variable as an intervention variable succeeded in increasing the effect of earning asset quality, loan to deposit ratio, non-performing loans, and expenses to operating income on return on assets
ANTECEDENT IN DEVELOPING VILLAGE ECONOMIC CENTER IN REMBANG DISTRICT CENTRAL JAVA INDONESIA Hendro Sasongko; Yuary Farradia; Retno Martanti Endah Lestari; Hamzah Hamzah; Hasrul Hasrul; Herman Herman
International Journal of Engagement and Empowerment Vol. 3 No. 1 (2023): International Journal of Engagement and Empowerment
Publisher : Yayasan Education and Social Center

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53067/ije2.v3i1.101

Abstract

Local economic development is one of the Indonesia national development strategy in order to achieve sustainable development goals. Villages sustainable development goals will contribute to the local economic development. Establishing a village economic centre is one of the strategy to support village sustainable development. Rembang district located in Northern Java has potential production on various agribusiness products. A village economic centre in Rembang will play a key role for villages development. Collaboration program among village’s stakeholders such as between education institution with the village community are important namely community services. A community service in Rembang district was done to educate the community on how important to conduct feasibility study and analysis before execute various development strategy such as technology, information system and human resource development. The result of this community service was an understanding and commitment from village stakeholders that continuous village economic centre have to be established based on feasibility study
Co-Authors Abdul Halik Abrar Setiawan Achyar Rasyidi Achyar Rasyidi, Achyar Agung Fajar Ilmiyono Agus Setyo Pranowo Aldillah, Zhafira Huriya Ali Akil Parlindungan Siregar Amelia, Rizka Wahyuni Anggareni, Lukytawati ANGGRAENI, ADITHIA Anggraini, Anggun Anneke Puspasari Annisa Tiaranti Annisaa Soeyono Anny Ratnawati Arief Daryanto Arief Daryanto Arief T. Hardiyanto Arif Imam Suroso Arif Kurniadi Arif Kurniadi Asep Alipudin Asrori Asrori Asto Hadiyoso Awal Susmanto Azizah Bonar M Sinaga Cosmas A.I. Wardojo D S Priyarsono Dani Rahman Hakim Dani Rahman Hakim, Dani Rahman Daniel Martahi Bonar Manurung Danika Reka Artha Danika Reka Artha Dedi Budiman Hakim Dessy Herlisnawati Devia Leviasari Dewi Apriani Dewi Apriani Fr DIAN LESTARI Dida Marhamah Dida Marhamah Didik Notosudjono Dion Achmad Armadi Dwi Kurniawan, Dwi Eni Puji Astuti Epiet Dwi Anggoro Erliza Noor Estuti Fitri Hartini Faisal Azmi Fara Shaliza Geraldy Samuel Ivan Geraldy Samuel Ivan Giovanni Inez Erika Margaretha Giovanni Inez Erika Margaretha Gusrida, Hari Hadiyoso, Asto Hamzah Hamzah Bustomi Hamzah Hamzah Hamzah Hamzah Harahap, Serarifi Elagin Hardiyanto, Arief Tri Hari Gursida Hari Gursinda Hari Muharam Hartoyo Hartoyo Haryadi Krisnandar Hasrul Hasrul Hendramiko Heni Nelawati herdiyana, Herdiyana Herman, Herman Hermanto Siregar Hermanto Siregar Hermanto Siregar Idqan Fahmi Ignatius Leonardus Lubis Imam W Sukoco Imbron, Imbron Indrayono, Yohanes Irman Hermadi Isbat, Isbat Jaka Wiramanggala Jeperson Pardede Jufri, Supriadi Juliando Saragih Kahiyang Ayu Kemas Nurcholish Thoriq Kurniawan, Prasetyo Kusuma, Pradana Jati Lukytawati Anggraeni M Firdaus Maghfira Puti Gaisani Mailini, Dini Marhamah, Dida Marimin , Martinus Tukiran Maulida Aulia Rezki Meita Ratna Saomi Mohamad Nur Hadi Mohammad Nur Hadi Muhamad Firdaus Muhammad Firdaus Muhammad Firdaus Muhammad Firdaus Muhammad Rifqi Syauqi Muhammad Salam Taufiqi N. Rusnaeni Nancy Yusnita Nani Yuheti Yuniatin Nimmi Zulbainarni Obed Fernando Harefa Pradana Jati Kusuma Raden Roro Anita Nur Rimadhani Raden Yogi Arieffiandi Ramadhoni Tiar Saputra Ratu Erlina G, Retno Martanti Endah Lestari Reza Suriansha Rinsan Hutabarat Riyani S. Saputri Riyanti, Evy RIZKY P. LUBIS Rochman Marota Roosganda Elizabeth Roosganda Elizabeth Roy Sembel Rusmanah, Enok Santosa Santosa Setyo Wibowo Shaliza, Fara Siahaan, Matdio Sianipar, Makmur Siti Sofiah Sri Hartoyo Sri Mulatsih Syamsiar, Syamsiar Tintin Sarianti Tony Irawan Tridoyo Kusumastanto Vedi Oktavia Fitry Ani Wardani, Firmansyah Warizal Wihartika, Doni YOHANES INDRAYONO Yohanes Indrayono Yohannes Indrayono Yuary Farradia Yuliandi Yuliandi Yuliarti, Erni Yusman Syaukat yusnita, nancy