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Journal : Performance

BAGAIMANA MEMANFAATKAN DAN MENGKOORDINASIKAN BUSINESS NETWORK RESOURCES UNTUK INTERNASIONALISASI PASAR? Sunarko, Bambang; Suroso, Agus
Performance Vol 15 No 1 (2012): Performance
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman

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Abstract

Globalization has strong influence on SMEs business and some see this phenomenon as an opportunity to expand. Improved technology and communications have made it easier for firms of all sizes and in various locations to do business with each other. More businesses today including SMEs are pursuit foreign market for the reason of business growth. Palm sugar is the main product of Banyumas Regency and its market coverage ranging from domestic to foreign market. This research is aimed to understand the process of internationalization, how the resources are should be organized to reach foreign market. Research strategy used is case study since its complexity of the phenomena. This case study of SMEs illustrate the process of market internationalization and provides useful insight for both government and SMEs which are intend to enter foreign markets.
ANALISIS PENILAIAN HARGA WAJAR SAHAM MENGGUNAKAN PENDEKATAN DIVIDEND DISCOUNT MODEL, PRICE EARNING RATIO DAN PRICE TO BOOK VALUE Ismunarti, Nurbani Aulia; Sunarko, Bambang; Tohir, Tohir
Performance Vol 23 No 2 (2016): Performance
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman

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Abstract

The purpose of this research is to determine the intrinsic value of coal mining company stock listed in LQ45 Index during 2010-2014 period used Dividend Discount Model (DDM) Pertumbuhan Berganda, Price Earning Ratio (PER) and Price to Book Value (PBV) approach. Intrinsic value will compared with market stock value, henceforth be one of basic for taking investment decision in capial market. Difference of intrinsic stock value with market stock value is tasted by Paired Sample T-Test. For this research, the sample used is PT. Adaro Energy Tbk (ADRO), PT. Indo Tambangraya Megah Tbk (ITMG) and PT. Bukit Asam Tbk (PTBA).The result of this research showed that the market stock value of the coal mining company listed in LQ45 Index is higher than intrinsic stock value (overvalued) based DDM Pertumbuhan Berganda and PBV approach. While based PER approach, the market stock value of the coal mining company is lower than intrinsic stock value (undervalued). And then, for the result of paired sample t-test showed that based on DDM Pertumbuhan Berganda , PER and PBV approach has a significant difference between intrinsic value with market stock value.
ANALISIS KELAYAKAN INVESTASI DALAM RANGKA EKSPANSI (STUDI KASUS PADA PDAM TIRTA SATRIA KABUPATEN BANYUMAS) Nofiyanti, Nofa; Sunarko, Bambang; Widiastuti, Ekaningtyas
Performance Vol 23 No 1 (2016): Performance
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman

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Abstract

This research study is a case study conducted in PDAM Tirta Satria Kabupaten Banyumas. This research entitled “Invesment Feasibility Analysis in the Context Ex-pansion (Case Study of PDAM Tirta Satria Kabupaten Banyumas)”. The objective of this research study is to determine the expansion in fixed assets that will conducted by PDAM Tirta Satria Kabupaten Banyumas feasible in the term of Internal Rate of Return (IRR) and Payback Period methods. Population and sample in this research is PDAM Tirta Satria Kabupaten Banyumas, using boring sampling as a sampling method.The result of the research showed: the investment in order to expand the addition of fixed assets that will be run by PDAM Tirta Satria Kabupaten Banyumas feasible by considering the results of the analysis Internal Rate of Return method of 21% which greater than the cost of capital that has been determined of 10% (IRR>k) and Payback Period method, the investment will show a time for 4 years and 8 months 26 days to capital return on investment so that investment is feasible.
Determinan struktur modal dan pengaruhnya terhadap return saham pada industri barang dan konsumsi yang terdaftar di BEI Wulandari, Ega Surya; Sunarko, Bambang; Tohir, Tohir
Performance Vol 24 No 1 (2017): Performance
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman

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Abstract

Purpose: The purpose of this research is to examine influence between profitability measured by return on asset (ROA), liquidity measured by current ratio (CR), cash holding, non-debt tax shield, and asset growth on capital structure measured by debt to equity ratio (DER) and the influence on stock return. Methodology: This research was conducted during the period of 2011-2015. This research is quantitative research that used associative studies to determine the relationship or influence between two or more variables. Population in this research was all of consumer goods industries listed on Indonesia Stock Exchange during the period of research. This research combines multiple and simple regression analysis technique. In addition, hypothesis testing used coefficient of determination, F-test statistic, and t-test statistic. Findings: The result of this research indicates that profitability (ROA) has positive influence toward capital structure. Liquidity (current ratio) and cash holding have negative influence toward capital structure. Non-debt tax shield and asset growth do not have significant influence toward capital structure. Furthermore, capital structure does not have significant influence toward stock return. Keywords: profitability, liquidity, cash holding, non-debt-tax shield, asset growth, capital structure, stock return.
ANALISIS KEBIJAKAN PRIVATISASI PADA BUMN YANG LISTING DI BURSA EFEK INDONESIA TAHUN 2000-2011 Putri, Anggi Arinta; Sunarko, Bambang; Suwaryo, Suwaryo
Performance Vol 17 No 1 (2013): Performance
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman

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Abstract

The aim of Privatization Policy is to improve performance and value added of BUMN. This research analyze, is there differentiation of financial performance in BUMN before and after privatization. The test used 8 distinguishing variable according to Minister Decree No: KEP-100/ MBU/2002. This research used purposive sampling method and Paired Sample T-test to analyze the hypothesis. The research gives empirical findings that there was no significant difference from ROI, Cash Ratio, Collection Period, Inventory Turnover, and Total Equity to Total Assets whereas ROE, Current Ratio, and Total Asset Turnover were significantly different in BUMN after privatization.
MANAJEMEN BISNIS SYARIAH SEBAGAI UPAYA MERAIH RIZKI YANG BERKAH: SEBUAH ARTIKEL ULAS BALIK Karsidi, Karsidi; Sunarko, Bambang; Ashari, Ashari
Performance Vol 23 No 1 (2016): Performance
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman

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Abstract

Islam teaches and recommends us to do all the things in the life seriously and or-derly based on the norms established by the religion. Management means to regulate all the things in order to be well done, precise, in good order, and complete. This activity is declared in Islamic Doctrines. Therefore, if a business is carried out by the guidance of the norms of the Declared-Islamic Doctriness, the business will not only persue the ma-terial benefits,but also will hope the Favor and the Bless of Alloh/God. The business that is carried out based on the law of Islam is then termed by the Syariah Business Manage-ment. The material benefit gained from this business will have favor of Alloh/God and has the grant of Alloh/God in it.
ANALISIS FAKTOR-FAKTOR YANG BERPENGARUH TERHADAP MARKET VALUE ADDED (MVA) PADA INDUSTRI MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA Sunarko, Bambang; Martini, Sri
Performance Vol 13 No 1 (2011): Performance
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman

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Abstract

This research is an empirical study to analyze the data causally (cause and effect). This research entitled by: "Impact Analysis of Earnings, Operating Cash Flows, Economic Value Added (EVA) and DR to the Market Value Added (MVA)". The aim of this study was to determine the performance of manufacturing firms in Indonesia Trade Center. In addition, this study also aimed to determine the influence of Earnings, Operating Cash Flow, Economic Value Added (EVA) and DR to the Market Value Added (MVA). Population in this research are manufacturing companies that listing on the Indonesia Trade Center. Determination of the sample is done by purposive sampling method. The number of companies that used a sample of 23 companies. Period of research is 3 years during 2006 until 2008. Based on the results of research known that the performance of manufacturing firms in Indonesia Trade Center was good. By analysis of data using multiple regression showed that (1) Earnings significantly affect the Market Value Added (MVA), (2) Operating cash flow is not significantly affect the Market Value Added (MVA), (3) Economic Value Added (EVA) not significantly affect to the Market Value Added (MVA),(4) Debt Ratio (DR) significantly affect to the Market Value Added (MVA), (5) Simultaneously, Earnings, Operating Cash Flow, Economic Value Added (EVA) and DR significantly affect the Market Value Added (MVA), and (5) Operating Cash Flow is the most influential variable on Market Value Added (MVA). The implications of the conclusions above are in decision-making, both managers and investors, should see the company's performance. These performance indicators can be seen through Earnings, Operating Cash Flow, Economic Value Added (EVA) and Debt Ratio (DR).
ANALISIS PENGARUH MODAL SENDIRI, MODAL LUAR, VOLUME USAHA, DAN TINGKAT PERPUTARAN PIUTANG TERHADAP SISA HASIL USAHA Putri, Gaviota Gilda; Sunarko, Bambang; Widuri, Retno
Performance Vol 23 No 2 (2016): Performance
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman

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Abstract

The purpose of this research was to describe the development of cooperatives, to investigate the influence of own capital, loan capital, bussines volume, and receivable turn over on added value of cooperatives. The samples of this research were financial statements in Sejati Mulia business cooperatives, Ceger Jaya busiess cooperatives, and Tunas Jaya business cooperatives from 2004-2014. The method of this research was purposive sampling. The technique of data analysis used was linier multiple regression with classical assumption. The result indicated that own capital,loan capital, bussines volume, and
ANALISIS PERENCANAAN KAPASITAS PRODUKSI DENGAN METODE ROUGHT CUT CAPACITY PLANNING (RCCP) PADA PEMBUATAN PRODUK KASUR BUSA (Studi pada PT Buana Spring Foam di Purwokerto) Matswaya, Akrimi; Sunarko, Bambang; Widuri, Retno; Indriati, Suci
Performance Vol 26 No 2 (2019): Performance
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (768.175 KB) | DOI: 10.20884/1.jp.2019.26.2.1624

Abstract

Penelitian dilakukan pada PT Buana Spring Foam di Purwokerto, yang memproduksi spring bed dankasur busa. Pokok masalah dalam penelitian ini adalah menyusun rencana kapasitas produksi kasurbusa sehingga mampu memenuhi permintaan konsumen yang beragam sesuai dengan yangdijadwalkan. Perencanaan kapasitas dilakukan dengan metode Rought Cup Capacity Planning (RCCP)yang memiliki empat langkah yang harus dilakukan. Pertama, melakukan peramalan dengan metodetrend, metode pemulusan dengan musiman, metode moving average, dan metode pemulusan.Kemudian menghitung perencanaan agregat dengan metode tenaga kerja tetap dan metodetransportasi atas dasar hasil peramalan. Selanjutnya dilakukan proses disagregasi dengan metodecut & fit. Kedua, menentukan waktu proses produksi. Ketiga, menghitung bill of capacity dengan caramencari standar hours pada setiap jenis produk. Keempat, menghitung kebutuhan sumber dayaspesifik dan membuat laporan RCCP. Sedangkan untuk kapasitas tersedia didapat dari perhitunganrencana produksi. Bedasarkan hasil perhitungan tersebut dibuat load profile yang menunjukanbahwa hasil penelitian terhadap jadwal induk produksi layak digunakan untuk proses produksikasur busa. Kelayakan ini dihitung berdasarkan kesesuaian antara total kapasitas tersedia 28224unit dengan kapasitas terpakai 19415 unit. Oleh karena itu kapasitas tersedia dapat memenuhikapasitas terpakai.