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PENGARUH RISIKO SISTEMATIS TERHADAP KINERJA PERUSAHAAN DAN IMPLIKASINYA PADA NILAI PERUSAHAAN (Studi Pada Perusahaan Food and Beverage di Bursa Efek Indonesia Tahun 2007-2011) Alghifari, Erik Syawal
JURNAL ILMU MANAJEMEN DAN BISNIS Vol 5, No 1 (2014): Jurnal Ilmu Manajemen dan Bisnis. Maret 2014
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/jimb.v5i1.1009

Abstract

Penelitian ini bertujuan untuk mengetahui 1) Gambaran risiko sistematis 2) Gambaran kinerja perusahaan 3) Gambaran nilai perusahaan 4) Pengaruh risiko sistematis terhadap kinerja perusahaan 5) Pengaruh kinerja perusahaan terhadap nilai perusahaan 6) Pengaruh risiko sistematis terhadap nilai perusahaan. Teknik pengambilan sampel menggunakan metode teknik sampling purposive. Teknik pengumpulan data menggunakan teknik dokumentasi dengan data sekunder. Metode analisis data yang digunakan meliputi statistik deskriptif dan analisis jalur. Hasil penelitian menunjukkan 1) Rata-rata beta agresif (nilai β lebih besar dari satu) terjadi pada tahun 2010 dan tahun 2011, rata-rata beta defensif (nilai β lebih kecil dari satu) terjadi pada tahun 2007, tahun 2008 dan tahun 2009 2) Rata-rata ROA positif terjadi pada tahun 2009, tahun 2010 dan tahun 2011, rata-rata ROA negatif terjadi pada tahun 2007 dan tahun 2008 3) Rata-rata nilai perusahaan tahun 2007-2011 memiliki rasio q atau Tobin’s Q diatas satu 4) Tidak terdapat pengaruh risiko sistematis terhadap kinerja perusahaan 5) Terdapat pengaruh kinerja perusahaan terhadap nilai perusahaan 6) Terdapat pengaruh risiko sistematis terhadap nilai perusahaan.
Strategi Promosi melalui Media Sosial dan Electronic Word of Mouth untuk Komunikasi Konsumen Erik Syawal Alghifari; Ratih Hurriyati; Puspo Dewi Dirgantari; Rohmat Sarman
JKBM (JURNAL KONSEP BISNIS DAN MANAJEMEN) Vol 8, No 2 (2022): JKBM (JURNAL KONSEP BISNIS DAN MANAJEMEN) MEI
Publisher : Universitas Medan Area

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31289/jkbm.v8i2.6267

Abstract

This study discusses issues related to purchasing decisions. The research focused on the social networking community on social media facebook with a sampling technique using non-probability sampling. The method used in this research is Partial Least Squares Structural Equation Modeling (PLS-SEM) analysis with Smart-PLS version 3.3.5 software support. The results of the study conclude that promotional strategies through social media have a positive influence on purchasing decisions. Promotional strategies through social media have a positive influence on electronic word of mouth. Electronic word of mouth has a positive influence on purchasing decisions. Electronic word of mouth mediates the effect of promotional strategies through social media on purchasing decisions. The practical implication of this research is that companies in the organic agricultural sector, especially organic rice products, are recommended to carry out promotional strategies through social media because this strategy is one of the most effective and appropriate tools in marketing, so that electronic word-of-mouth marketing will be formed, which ultimately has an impact on purchasing decisions.
The influence of cognitive biases on investor decision-making: the moderating role of demographic factors Yofy Syarkani; Erik Syawal Alghifari
Jurnal Siasat Bisnis VOL 26, NO 2 (2022)
Publisher : Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jsb.vol26.iss2.art5

Abstract

Purpose – This study aims to see investor behavior in making investment decisions influenced by cognitive biases, namely overconfidence bias and the illusion of control bias by looking at the situational factors such as age, gender, and education. Design/methodology/approach – This study is conducted using a quantitative method by distributing a questionnaire. The questionnaires are measured using a 5-point Likert scale. The samples are taken from the population of individual investors in Bandung, West Java, with a number of 100 respondents. Findings – The results of this study prove that: (1) Illusion of control bias has an influence on investors’ decision-making, (2) Gender and education moderates the influence between the illusion of control bias on investor decision-making, (3) Age does not moderate the influence between the illusion of control bias on investor decision-making, (5) Overconfidence bias has an influence on investor decision-making, (6) Gender moderates the influence between overconfidence bias on investor decision-making, and (7) Age and education do not moderate the influence between overconfidence bias on investor decision-making. Research limitations/implications – The population in this study is limited to individual investors in Bandung. Future studies can conduct research in a similar direction using other populations, or focusing on a certain population, to ensure the generalizability of the results. Practical implications – Investors should be aware of cognitive biases while making decisions to invest. The biases can occur whether the investors realize it or not. Therefore, it would be useful for them to understand their cognitive biases so that investors can act rationally while making investment decisions. Originality/value – This study fills the research gap from the previous studies by examining the differences of investors' decision-making based on demographic factors, which are used as the moderating variables.
DETERMINANTS OF COMMERCIAL BANKS PROFITABILITY: EVIDENCE FROM GERMANY Szilard Farkasdi; Budi Septiawan; Erik Syawal Alghifari
JRAK Vol 13 No 2 (2021): October Edition
Publisher : Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23969/jrak.v13i2.4500

Abstract

This study aims to determine the determinants of profitability in commercial banks in Germany. The population is 7 banking sector companies listed in the DAX (Deutscher Aktienindex) Bank during the 2017-2020 period, with a sample of 5 banks and producing 20 observational data. The method used is descriptive and verification with multiple regression analysis. The results show that asset size, capital adequacy, deposits and non-interest income have a significant positive effect on profitability. Partially, asset size, capital adequacy and non-interest income have a significant positive effect, while the deposit has a significant negative effect on profitability. The most dominant factor affecting profitability is non-interest income.
AGENCY PROBLEM ANALYSIS FROM COMMITTEE AND OWNERSHIP STRUCTURES Bayu Indra Setia; Erik Syawal Alghifari; Nugraha Nugraha; Maya Sari
JRAK Vol 14 No 1 (2022): April Edition
Publisher : Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23969/jrak.v14i1.4841

Abstract

This study aims to determine the factors that influence the agency problem. A sample of 14 restaurant, hotel, and tourism sub-sector companies listed on the Indonesia Stock Exchange during the 2010–2019 period with a total of 140 observations was used as the unit of analysis. The method used is descriptive and verified with panel data regression analysis. The results showed that the audit committee and independent commissioners had a positive and significant effect on agency problems, while managerial ownership and institutional ownership had a negative and significant effect on agency problems
MODAL INTELEKTUAL, MANAJEMEN LABA, IMBAL HASIL SAHAM SAAT INI DAN MASA DATANG Vicky Dwi Putra; Jaja Suteja; Erik Syawal Alghifari
JRAK Vol 11 No 2 (2019): Edisi Oktober
Publisher : Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23969/jrak.v11i2.3178

Abstract

Future stock returns are factors for investors to consider investing. This research aims to identify the influence of intellectual capital, earning management, and stock return toward future stock return in manufacturing companies of sub sectors food and beverages industry listed in Indonesia Stock Exchange period 2012 to 2017. This research used quantitative research methods with the sample as many as 7 companies. The sampling technique is used, as well as purposive sampling done based on certain criteria. The type of data used is secondary with analysis using panel data regression model with Eviews 10. The result shows that simultaneosly intellectual capital, earning management, and stock returns gave influence on future stock returns as much as 76.15%. Partially, intellectual capital had a positve but not significant, earning management had a negative and significant, stock returns had a positive and significant effects to future stock returns.
PERILAKU MASYARAKAT SUNDA MUSLIM DALAM MENGONSUMSI PRODUK HALAL DI KOTA BANDUNG Mulyaningrum Mulyaningrum; Erik Syawal Alghifari
Jurnal Riset Bisnis dan Manajemen Vol. 11 No. 1 (2018): Edisi Februari
Publisher : Faculty of Economic and Business, University of Pasundan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (256.844 KB) | DOI: 10.23969/jrbm.v11i1.870

Abstract

This study aims to analyze the relationship between the level of knowledge and behavior of the Sundanese Muslim community in Bandung about halal food and beverage products. The method used in this research is descriptive and verifikatif. The data were collected using questionnaires, completed with observation. Data analysis using validity test, reliability test, linear regression, correlation, hypothesis test, and coefficient of determination. The correlation test result is 0.376, which shows that it is in the interval 0.20 - 0.399, and the coefficient of determination test shows the influence of 0.142. This means that the influence of knowledge level on the behavior of Muslim sunda society is 14.2%. The difference of 85.8% is the influence of other factors not examined. This figure indicates that the increased knowledge of respondents on halal products will increase the behavior in consuming halal products.
PELATIHAN UNTUK MENENTUKAN HARGA JUAL PRODUK PADA UMKM MELALUI APLIKASI BERBASIS ANDROID Budi Septiawan; Erik Syawal Alghifari; Endra Herdiansyah; Liza Laila Nurwulan; Ruslina Lisda
JURNAL PENGABDIAN KEPADA MASYARAKAT Vol 29, No 2 (2023): APRIL-JUNI
Publisher : Universitas Negeri Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24114/jpkm.v29i2.43602

Abstract

Perkembangan teknologi berdampak kepada berbagai hal, salah satunya dalam dunia usaha dan juga pengelolaannya. Pengelolaan keuangan merupakan salah satu unsur yang vital dalam menjalankan bisnis, namun pengelolaan keuangan yang baik bukanlah tugas yang mudah bagi usaha mikro, kecil dan menengah (UMKM) di Indonesia. Sebagian besar UMKM mengelola keuangan mereka dengan cara tradisional yakni hanya mencatat pemasukan dan pengeluaran saja. Begitu juga penetapan harga jual produk yang tepat merupakan bagian dari manajemen keuangan pada sektor UMKM. Banyak UMKM yang tidak mengetahui faktor biaya yang terkait dengan usahanya dan merasa kesulitan ketika harus menentukan harga jual suatu produk. Tujuan sosialisasi dan pelatihan penggunaan aplikasi ini adalah agar para pelaku usaha dapat menentukan harga jual produknya dengan mudah dan sederhana. Pelatihan dalam penetapan harga jual produk dengan menggunakan aplikasi berbasis android ini, terbukti dapat meningkatkan pemahaman peserta dan juga keterampilannya untuk menentukan harga jual produk usahanya. Hasil pre-test dan post-test juga menunjukkan bahwa pelaku UMKM siap dengan perubahan dan tentunya ingin melakukan perubahan secara lebih digital dengan bantuan aplikasi berbasis adroid.
Is the Markowitz Model Still Effective in Forming an Optimal Stock Portfolio? Empirical Evidence from the IDX ESG Leaders Index Erik Syawal Alghifari; Ardi Gunardi; Nugraha Nugraha; Ika Waspada; Maya Sari
Indonesian Journal of Sustainability Accounting and Management Vol. 7 No. 1 (2023): June 2023
Publisher : Universitas Pasundan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28992/ijsam.v7i1.585

Abstract

The current portfolio calculation was basically developed by Markowitz (1952) who gave rise to the Modern Portfolio Theory. However, along with the development of science, other models emerged in portfolio calculation. This study tried to provide a flashback to whether the Markowitz portfolio model is still effective in forming an optimal portfolio compared to other portfolio calculation models. This study used descriptive research with a quantitative approach. This study used secondary data in the form of daily stock prices of companies, including the IDX ESG Leaders Index on the Indonesia Stock Exchange for the period of December 2020 to March 2022. The results showed that 11 stocks out of 25 stock samples were included in the optimal portfolio in both the Markowitz model and the Single Index Model but with different stock compositions. In terms of portfolio performance, the Markowitz model is still superior to the Single Index Model. This can be seen from the calculation results of the three indexes used, including the Sharpe Index, Treynor Index, and Jensen Index. This study provided an important contribution that the Markowitz model portfolio formation can be used and has proven to perform well in the formation of a stock portfolio.
PEMBERDAYAAN MASYARAKAT MELALUI PELATIHAN, PENDAMPINGAN, DAN PENGEMBANGAN DIVERSIFIKASI PRODUK BERBAHAN BAKU SINGKONG Atty Tri Juniarti; Bayu Indra Setia; Erry S. R. Pangestu; Erik Syawal Alghifari; Lira Mustika Sari
JMM (Jurnal Masyarakat Mandiri) Vol 7, No 4 (2023): Agustus
Publisher : Universitas Muhammadiyah Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31764/jmm.v7i4.15463

Abstract

Abstrak: Desa Gandamekar memiliki produk unggulan namun dalam pemanfaatannya belum dilakukan secara maksimal sehingga produksi hanya sebatas menjual tape singkong. Permasalahan selanjutnya yang umum dialami yaitu permasalahan keuangan terutama dalam penentuan harga jual. Pelaku UMKM masih menghitung penentuan harga produknya dengan mengira-ngira sehingga pelaku usaha tidak mengetahui apakah produk yang ditawarkan memberikan keuntungan ataukah sebaliknya. Dalam memberikan solusi ini dilaksanakan proses penyelesaian dengan tiga tahapan diantaranya analisis kebutuhan, sosialisasi dan pembinaan kegiatan produksi (diversifikasi produk), hingga sosialisasi dan pelatihan penentuan harga pokok produksi serta harga jual produk. Subjek penelitian berjumlah 55 pelaku UMKM di Desa Gandamekar Kabupaten Garut. Evaluasi pelaksanaan menggunakan kuesioner. Hasil menunjukkan pemahaman atas materi yang disampaikan mencapai 75,09 persen sehingga sosialisasi dan pelatihan dapat terkategorikan baik. Sosialisasi diversifikasi produk dengan mengenalkan ide kreatif pengolahan singkong yang dapat menginspirasi dalam meningkatkan nilai tambah serta mengetahui jenis biaya yang menjadi dasar perhitungan harga pokok produksi secara manual hingga melalui aplikasi.Abstract: Gandamekar Village has superior products but its utilization has not been carried out optimally so that production is only limited to selling cassava tape. The next problem that is commonly experienced is financial problems, especially in determining selling prices. MSME players still calculate the determination of the price of their products by guessing so that business actors do not know whether the products offered provide benefits or vice versa. In providing this solution, a settlement process is carried out with three stages including needs analysis, socialization and coaching of production activities (product diversification), to socialization and training on determining the cost of goods produced and selling prices of products. The research subjects amounted to 55 MSME actors in Gandamekar Village, Garut Regency. Evaluation of implementation using questionnaires. The results showed that the understanding of the material presented reached 75,09 percent so that socialization and training could be categorized well. Socialization of product diversification by introducing creative ideas for cassava processing that can inspire in increasing added value and knowing the types of costs that are the basis for calculating the cost of goods produced manually through the application.