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All Journal HASANUDDIN JOURNAL OF BUSINESS STRATEGY
Muhammad Sobarsyah
Economics and Business Faculty, Hasanuddin University
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

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Analysis of the Management and Control System of Trade Receivables on the Effectiveness of the Corporate Cash Flow on PT. Enseval Putera Megatrading, tbk Syarifah Nuriah; Abdul Rakhman Laba; Muhammad Sobarsyah
Hasanuddin Journal of Business Strategy Vol 2 No 1 (2020): Hasanuddin Journal of Business Strategy
Publisher : Magister Management, Hasanuddin University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hjbs.v2i1.309

Abstract

This study aims to determine the management and control system of trade receivables on the effectiveness of the cash flow company’s at PT. Enseval Putera Megatrading, Tbk. The data source used in this study is the primary data source, obtained directly from the company. The analytical method used for testing the management and control system of receivables on the effectiveness of cash flow is the analysis of financial ratios. In this study, the data used for analysis are qualitative data analysis and financial ratio analysis, namely the activity ratio (RTO, ACP, Arrears Ratio, and Billing Ratio). The results showed that (1) RTO of PT. Enseval Putera Megatrading, the highest rate in 2017 was 189 times, while the lowest RTO was in 2015 which was 115 times. This shows the normal level of turnover. The faster the payment terms, the better for the company, because the faster the working capital embedded in receivables returns to capital or cash, which means the higher the receivables turnover. (2) ACP or the average age of collection of receivables applied by companies, especially the value in 2017 is 2 days. This means that the company has been effective in managing its accounts receivable because the standard for collecting receivables set by the company is the repayment limit or due date no later than 7 (seven) to 90 (Ninety) calendar days from the billing statement received by the service user. (3) The Arrears Ratio, namely from 2014-2018, the largest was only 1.11%. This shows that the lower the arrears ratio, the better for the company, which means the company is able to handle its receivables properly. (4) Billing Ratio shows that from 2014-2018 the lowest that is 98.88% shows the greater the value of collectible receivables means the greater the percentage value of the collection ratio so that the better for the company because of the greater return on corporate capital. Then it can be concluded that the Billing Ratio of PT. Enseval Putera Megatrading, it's not working effectively.
The Effect of Corporate Governance on Financial Performance and Tax Avoidance on LQ45 Companies Rusni Syamsuddin; Muhammad Ali; Muhammad Sobarsyah
Hasanuddin Journal of Business Strategy Vol 2 No 4 (2020): Hasanuddin Journal of Business Strategy
Publisher : Magister Management, Hasanuddin University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hjbs.v2i4.362

Abstract

Tax avoidance is a strategy applied by taxpayers to undertake legally burden taxes to decrease tax payment. Avoidance techniques by exploiting loopholes in tax laws. The purpose of this study is to examine the effect of corporate governance (institutional ownership, the board size, independent commissioners, audit boards) on tax avoidance (ETR) mediated by financial performance measured by Return on assets (ROA). The samples used were companies listed in the LQ45 index from the period of 2014 to 2018, with a total of 30 companies collected through purposive sampling. The study applied path analysis techniques using IBM SPSS 23 statistical software. These results indicate that corporate governance simultaneously influences financial performance and tax avoidance. Institutional ownership and audit committees have a positive and significant effect on financial performance. Interestingly, the size of the board of commissioners and independent commissioners were found insignificant to financial performance. To tax avoidance, the size of the board of commissioners, independent commissioners, and the audit board has a significant positive effect, but institutional ownership does not have a significant negative effect on tax avoidance, while financial performance negatively correlates to tax avoidance. Financial performance can mediate institutional ownership of tax avoidance. Differently, other independent variables did not show relationships.
Analysis of Business Strategy in Improving Product Marketing Mulyan Pulubuhu; Abdul Rahman Kadir; Muhammad Sobarsyah
Hasanuddin Journal of Business Strategy Vol 4 No 1 (2022): Hasanuddin Journal of Business Strategy
Publisher : Magister Management, Hasanuddin University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hjbs.v4i1.499

Abstract

This study aims to analyze the business strategy in improving the product marketing of PT. JAMKRIDA SulSel, a credit guarantee company, through SWOT Analysis approach and BCG Matrix. Guarantee companies play a major role in supporting economic development in the context of providing guarantees to Banks or Non-Bank Financial Institutions regarding access to financing or credit for the implementation of development projects and assisting small, micro and medium enterprises (MSMEs). The research design is explanatory with a qualitative descriptive approach without any hypothesis testing by analyzing the company's strategic factors. Data were collected through observation, interviews, and documentation studies at PT. JAMKRIDA SulSel. The analytical techniques in this study are IFAS and EFAS analysis, SWOT analysis, and BCG Matrix Analysis. The results showed that the position of the company is in Quadrant I (Progressive). The SWOT analysis also suggests alternative implementations of the S-O Strategy. The BCG Matrix shows that credit guarantee products from rural banks or Bank Perkreditan Rakyat (BPR) are in the “Stars” quadrant; credit guarantees from Bank Sulselbar are in the “Cash Cows” quadrant; and credit guarantees from the Revolving Fund Management Institution or called Lembaga Pengelola Dana Bergulir (LPDB) and Surety Bond products are in the “Question marks” quadrant.
The Influence of Social Media Influencer on Students’ Interest in Investing in the Capital Market Andi Tenri Ulmi; Cepi Pahlevi; Muhammad Sobarsyah
Hasanuddin Journal of Business Strategy Vol 4 No 1 (2022): Hasanuddin Journal of Business Strategy
Publisher : Magister Management, Hasanuddin University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hjbs.v4i1.512

Abstract

The purpose of this study is to find out how social media influencers attract students' interest in investing. With the use of 150 students as samples for this research, the study targeted students at state universities in Makassar. Before conducting the main analysis, limited numbers of data are first evaluated to ensure their validity and reliability. The collected data are then processed with classical-assumption tests before examining simple regression analysis. On the basis of statistical analysis, the results of the study showed that social media influencers have significantly affected students' interest in investing in the capital market. This finding strengthens the existing literature that repeated information received could influence decisions. Gallery at university is seemingly an effective way to target students to highly participate and form student attractive in investing in the capital market.
Evaluation Performance of Stock Portfolio Using The Risk Adjusted Performance Methods Ema Sari; Syamsu Alam; Muhammad Sobarsyah
Hasanuddin Journal of Business Strategy Vol 4 No 1 (2022): Hasanuddin Journal of Business Strategy
Publisher : Magister Management, Hasanuddin University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hjbs.v4i1.514

Abstract

This study aims to determine the differences in performances of the LQ 45 stock portfolio using 3 different methods, which are Sharpe, Treynor, and Jensen from 2016 until 2020. The study applied a purposive sampling technique with certain criteria. Portfolio formation in this study uses a single index model. Each sample is measured by all conditions or periods, a one-way analysis of variance by rank with the method used that is the Kruskal-Wallish test. It is then tested whether the portfolio performance in each period will have a similar rank or not if measured by different methods. The test results with the Kruskal-Wallish test on the three methods obtained X2 = 0.004 with a probability of 0.998. With, this evaluation, the results indicate that there is no significant difference between the tests using the Sharpe, Treynor, and Jensen methods. Interestingly, Treynor shows consistent measurement than the other two methods.
Do Loan Service Quality and Loan Administrative Satisfy? Cristine Supone; Cepi Pahlevi; Muhammad Sobarsyah
Hasanuddin Journal of Business Strategy Vol 4 No 2 (2022): Hasanuddin Journal of Business Strategy
Publisher : Magister Management, Hasanuddin University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26487/hjbs.v4i2.527

Abstract

This study aims to determine the effect of loan service quality and administrative loan procedures (KUR) on customer satisfaction at PT. Bank BNI Regional Office 07 Makassar. The study uses a sample of 100 respondents using a questionnaire. Data collected is then analyzed using multiple linear regression. The result of the study indicated that the service quality satisfied loan customers. Differently, administrative micro-loan did not show a significant relationship, suggesting it did not affect the administrative loans on customer satisfaction.
Co-Authors Abdul Rahman Kadir Abdul Rakhman Laba Andi Tenri Ulmi Cepi Pahlevi Cepi Pahlevi Cristine Supone Ema Sari Muhammad Ali Mulyan Pulubuhu Rusni Syamsuddin Syamsu Alam Syarifah Nuriah