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Journal : The Asian Journal of Technology Management (AJTM)

Discriminant Function Analysis to Distinguish the Performance of Information and Communication Technology (ICT) Companies (A Study of U.S. Companies Listed in U.S. Stock Market) Soekarno, Subiakto; Kinanthi, Enggar Sukma
The Asian Journal of Technology Management (AJTM) Vol 13, No 2 (2020)
Publisher : School of Business and Management Institut Teknologi Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12695/ajtm.2020.13.2.2

Abstract

Abstract. The growing important role of ICT companies in digital era has attracted many institutions and researchers to conduct studies to measure the value creation created by digitalization. However, not many of them emphasize the importance of financial information as a performance measurement for ICT companies that are useful for their sustainability in the rapid pace of technology. Therefore, this study aims to find the importance of financial ratios in assessing the performance of ICT companies. This study uses discriminant function analysis to find the best financial ratios that distinguish the ICT companies’ performance based on their grade in the credit ratings. The scope of this study is 70 US-based companies listed in US stock market within ICT groups with 35 companies in each group of Investment Grade and Non-investment Grade. There are 4 financial ratios that best discriminate the performance between the two groups which are ROA, CFO to current liabilities, total debt to EBITDA, and CFO to net sales. This model has a predictive accuracy or early warning ability of 87.1% in the latest full-year financial statements prior to rating date and 80% in the longer period (up to 3rd last full-year financial statements prior to rating date).Keywords:  Discriminant function analysis, financial ratio, performance, information and communication technology
Technology Transfer Challenges in Indonesia: An Experience from Industry Turbine Overhaul Soekarno, Subiakto; Maya Damayanti, Sylviana; Samsu Wibowo, Putri Maharani
The Asian Journal of Technology Management (AJTM) Vol 2, No 1 (2009)
Publisher : School of Business and Management Institut Teknologi Bandung

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Abstract

This paper discusses the problems and challenges that Indonesia faces in the process of its technology transfer. Matters discussed in this paper are based on the lead writer’s personal observation and experience of the technology transfer taking place in Indonesia’s turbine maintenance and overhaul industry.The first challenge faced is the lack of basic skills on the part of factory workers. The next challenge is the lack of supporting industries. Furthermore, the low level of English proficiency of the workforce has contribution to the technology transfer problems. Final challenges are the low credibility of the government entities that oversee the turbine maintenance industry in Indonesia. The steps undertaken in the technology transfer in the turbine maintenance and overhaul industry in Indonesia is done through several complex stages.Keywords: challenges in the transfer of technology, technology transfer in Indonesia, turbine maintenance and overhaul industry.
Analysis of Financial Ratio to Distinguish Indonesia Joint Venture General Insurance Company Performance using Discriminant Analysis Soekarno, Subiakto; Azhari, Dhinda Arisyiya
The Asian Journal of Technology Management (AJTM) Vol 3, No 2 (2010)
Publisher : School of Business and Management Institut Teknologi Bandung

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Abstract

Insurance industry stands as a service business that plays a significant role in Indonesiaeconomical condition. The development of insurance industry in Indonesia, both of generalinsurance and life insurance, has increased very fast. The general insurance industry itselfdivided into two major players which are local private company and Joint Venture Company.Lately, the use of statistical techniques and financial ratios models to asses financial institutionsuch as insurance company have been used as one of the appropriate combination inpredicting the performance of an industry. This research aims to distinguish between JointVenture General Insurance Companies that have a good performance and those who are lessperforming well using Discriminant Analysis. Further, the findings led that DiscriminantAnalysis is able to distinguish Joint Venture General Insurance Companies that have a goodperformance and those who are not performing well. There are also six ratios which are RBC,Technical Reserve to Investment Ratio, Debt Ratio, Return on Equity, Loss Ratio, and ExpenseRatio that stand as the most influential ratios to distinguish the performance of joint venturegeneral insurance companies. In addition, the result suggest business people to be concernedtoward those six ratios, to increase their companies’ performance.Key words: general insurance, financial ratio, discriminant analysis