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Designing Strategy of Indonesia Port Car Terminal Based on Analysis of Profitability Ratio Before And After the IPO Ilman, Hanif Insan; Chumaidiyah, Endang; Zulbetti, Rita
International Journal of Mechanical Engineering Technologies and Applications Vol. 2 No. 1 (2021)
Publisher : Mechanical Engineering Department, Engineering Faculty, Brawijaya University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/MECHTA.2021.002.01.5

Abstract

Indonesia has managed to get out of the low-income zone and into the middle-income zone. However, Indonesia still has a challenge that is to get out of the middle-income trap zone. These challenges must be resolved by improving the performance of BUMN. Indonesia Port Center Terminal is one of the BUMN subsidiary companies precisely a subsidiary of Indonesia Port Center II (Persero). The purpose of the study was to determine differences in performance indicators before and after the IPO in profitability ratios, namely ROA, ROE, OPM, and NPM and recommendations for performance improvement strategies. The data obtained is based on the 2016-2019 financial statements and questionnaires to expert judgment. The method used is the Wilcoxon Paired t-Test, AHP, and SWOT test. The results of the Wilcoxon Paired t-Test test before and after the IPO were no difference. The results of the company's SWOT analysis are in the position of quadrant I (strength and opportunities). The recommended strategy applied in this condition is to support an aggressive growth policy that prioritizes the strengths and opportunities of the company.
Perancangan Strategi Peningkatan Kinerja Perusahaan Berdasarkan Analisis Rasio Profitabilitas, Solvabilitas Dan Inflasi Terhadap Return Saham (Studi Kasus: Perusahaan Sektor Kesehatan Di Bei) Fitriani, Elsa; Chumaidiyah, Endang; Zulbetti, Rita
SEIKO : Journal of Management & Business Vol 6, No 2.1 (2023)
Publisher : Program Pascasarjana STIE Amkop Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37531/sejaman.v6i2.5523

Abstract

Sektor kesehatan memiliki dampak yang penting pada Produk Domestik Bruto (PDB) Indonesia, khususnya dalam rentang waktu 2020 hingga 2022. Penelitian ini mengadakan penilaian terhadap pengaruh simultan dan parsial dari rasio profitabilitas, solvabilitas, dan inflasi terhadap return saham dalam sektor kesehatan. Tujuan lain dari penelitian ini adalah merancang strategi yang mampu meningkatkan kinerja perusahaan melalui analisis faktor internal dan eksternal. Sumber data yang digunakan berasal dari sembilan perusahaan yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2020 hingga 2022. Melalui pemanfaatan data sekunder berupa rangkaian data waktu, penelitian ini mengimplementasikan regresi linier berganda. Hasil analisis menunjukkan bahwa Gross Profit Margin (GPM), Return on Equity (ROE), Debt to Equity Ratio (DER), dan tingkat inflasi secara bersama-sama memengaruhi return saham dalam sektor kesehatan. Di samping itu, variabel ROE, DER, dan inflasi juga menunjukkan signifikansi secara individual. Analisis ini mengintegrasikan elemen internal yang berasal dari hasil regresi dengan elemen eksternal. Integrasi ini menghasilkan pengelompokan strategi berdasarkan kuadran SWOT. Pemetaan serta validasi oleh para ahli menghasilkan tujuh rekomendasi strategi yang difokuskan pada peningkatan performa finansial dan pemasaran, optimalisasi teknologi, serta efisiensi gerakan sosial. Kata Kunci: rasio profitabilitas, rasio solvabilitas, inflasi, return saham, kinerja perusahaan
The Triad of Influence: How Price, Payment, and Trust Shape Online Purchase Behavior Adzirah Muzaffirah; Wahib Muhaimmin, Abdul; Hidayat, Kliwon; Elita Dewi, Heptari; Zulbetti, Rita; Daffa Dezar, Muhammad
Profit: Jurnal Adminsitrasi Bisnis Vol. 19 No. 2 (2025): Profit: Jurnal Administrasi Bisnis
Publisher : FIA UB

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.profit.2025.019.03

Abstract

Despite the growing popularity of online grocery shopping, consumers remain hesitant to purchase fresh produce online. All things that lead to practicality are straightforward to find in every business nowadays, even agricultural companies, as well as payment methods that have begun to switch to digital. This study investigates the factors influencing their purchasing decisions on the K platform. This research took place from January to March 2024. The respondents in this study amounted to 88 in The Greater Jakarta area. Data were obtained and analyzed using Structural Equation Models-Partial Least Square (SEM-PLS). Unlike prior research, we examine the moderating role of consumer trust on the relationship between price and purchasing decisions. Our findings reveal that price and payment methods significantly affect consumer purchasing decisions. However, consumer trust can mitigate the negative impact of price increases on sales. By understanding these dynamics, businesses can develop more effective strategies to attract and retain online customers in the competitive market for fresh produce.
Institutional Ownership and Firm Value: Conditional Process Model (CPM) P, Perwito; Zulbetti, Rita; Muabrok, Rifqi Ali; Setiawan, Ilham; Azyuranie, Rezqya. A
Dinasti International Journal of Economics, Finance & Accounting Vol. 6 No. 3 (2025): Dinasti International Journal of Economics, Finance & Accounting (July-August 2
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijefa.v6i3.4703

Abstract

The effect of institutional ownership on firm value with the conditional process model (CPM) approach: This study aims to test and analyze how and when Institutional Ownership is effective in increasing Firm Value. The research method uses a quantitative approach, the research design uses a descriptive approach, and an explanatory survey to test and analyze causal relationships. Research on public companies in Indonesia in the consumer-non-cyclical sector, as much as 488 pooled times series data with the analysis period 2016-2023, with the Conditional Process Model (CPM) approach to explain how (Mediation effect) and when / under what conditions (moderation effect) the effect occurs on the institutional ownership structure on firm value both directly and indirectly, to estimate the research model using Macro for SPSS V3.4. Research findings: institutional ownership, investment efficiency, and an independent board of commissioners affect increasing the value of the firm, The researcher produced a model formula that institutional ownership of the firm value through investment efficiency, is more visible to the company by involving an independent Board of Commissioners that leads to a high level, and investment efficiency can be used as a mitigation in making investment policies that can produce positive returns,  increase the value of the company, so that it can compete sustainably.
Sustainable finance and green economic growth: Evidence from the Indonesian banking sector Zulbetti, Rita; Muzaffirah, Adzirah; Alfiana, Alfiana; Perwito, Perwito
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 13 No. 1 (2025): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22437/ppd.v13i1.39325

Abstract

Green economic growth has emerged as a global priority in pursuing sustainable development. This study examines the role of resource allocation efficiency in supporting green economic growth, as influenced by green financing practices, sustainable finance policies, and green financial products. A quantitative research approach was employed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The study population consisted of 107 financial institutions. A purposive sampling technique was used to select 168 respondents from 84 banks, comprising senior managers, division heads, and executives responsible for implementing sustainable finance policies—averaging two respondents per institution. The results reveal that green financing practices, sustainable finance policies, and green financial products directly and significantly impact green economic growth. Moreover, resource allocation efficiency plays a mediating role in strengthening these relationships. These findings underscore the importance of the banking sector in driving innovation in green financial products, implementing sustainable finance policies, and enhancing resource utilization efficiency. In conclusion, the banking sector holds a strategic position in advancing green economic growth. Future research could extend this framework by examining the role of non-financial sectors or exploring how digital technology transformation facilitates green financing to support sustainable development goals further.
Designing Strategy of Indonesia Port Car Terminal Based on Analysis of Profitability Ratio Before And After the IPO Ilman, Hanif Insan; Chumaidiyah, Endang; Zulbetti, Rita
International Journal of Mechanical Engineering Technologies and Applications Vol. 2 No. 1 (2021)
Publisher : Mechanical Engineering Department, Engineering Faculty, Brawijaya University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/MECHTA.2021.002.01.5

Abstract

Indonesia has managed to get out of the low-income zone and into the middle-income zone. However, Indonesia still has a challenge that is to get out of the middle-income trap zone. These challenges must be resolved by improving the performance of BUMN. Indonesia Port Center Terminal is one of the BUMN subsidiary companies precisely a subsidiary of Indonesia Port Center II (Persero). The purpose of the study was to determine differences in performance indicators before and after the IPO in profitability ratios, namely ROA, ROE, OPM, and NPM and recommendations for performance improvement strategies. The data obtained is based on the 2016-2019 financial statements and questionnaires to expert judgment. The method used is the Wilcoxon Paired t-Test, AHP, and SWOT test. The results of the Wilcoxon Paired t-Test test before and after the IPO were no difference. The results of the company's SWOT analysis are in the position of quadrant I (strength and opportunities). The recommended strategy applied in this condition is to support an aggressive growth policy that prioritizes the strengths and opportunities of the company.
The Comparison of Stock Price Before and After Pandemic to Identify The Health of Sector Company Retinda Liandya Gita; Endang Chumaidiyah; Rita Zulbetti
International Journal of Innovation in Enterprise System Vol. 6 No. 2 (2022): International Journal of Innovation in Enterprise System
Publisher : School of Industrial and System Engineering, Telkom University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25124/ijies.v6i02.185

Abstract

At the beginning of the Covid-19 outbreak in Indonesia, almost all activities in this country weredisrupted and economic activity was no exception. Indonesia's current economic growth is down2.07% in 2020 due to the Covid-19 pandemic which has caused it to be reduced to a low and middleincome country. Based on the gross domestic product (GDP), most sectors of the Indonesian economyexperienced a decline in growth in 2020. Only 5 economic sectors showed positive growth. The sectorwith the largest positive growth was the health services sector and social activities, which amountedto 11.60%. This growth affects the stock price of health sector companies. Grounded on the IDXIndustry category (IDXHEALTH) from 2018-2022, there was an increase of 41.28%. The HealthSector which continues to grow is driven by the payment of Covid- 19 incentives. This study wasconducted to identify the Difference in Stock prices of Health Sector Companies before and afterCovid- 19 with the supposition that the Covid- 19 pandemic occurred in March 2020 by observingstock price fluctuations two years before and after the Covid- 19 Pandemic. Based on the PairedSample T-test, the stock prices of 3 companies from 6 companies have significant differences in thespecified sample period, namely DVLA, PRDA, and MERK companies where the stock prices ofDVLA and PRDA have increased. In addition, PRDA's stock price has the largest stock price amongother health sector companies, meaning that PRDA companies have good performance.
Perancangan Strategi Perusahaan Berdasarkan Rasio Finansial pada PT Fajar Surya Wisesa Tbk Sebelum dan Sesudah Munculnya Covid-19 Tsabitah, Aliva; Chumaidiyah, Endang; Zulbetti, Rita
Jurnal Ilmiah Universitas Batanghari Jambi Vol 24, No 2 (2024): Juli
Publisher : Universitas Batanghari Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33087/jiubj.v24i2.4375

Abstract

This study aims to design strategic recommendations based on financial ratios at PT Fajar Surya Wisesa Tbk before and after Covid-19. This research is motivated by a decline in global paper demand and production as well as a decline in the value of stock prices in the manufacturing sector. Particularly at PT Fajar Surya Wisesa Tbk. In this study, data was collected using the financial reports and stock prices of PT Fajar Surya Wisesa Tbk 12 quarters before the emergence of Covid-19 (April 2017–March 2020) and 12 quarters after the emergence of Covid-19 (April 2020 – March 2023). The data processing method used is the Wilcoxon Signed Ranks Test. The results of the Wilcoxon signed ranks test in the form of 9 financial ratio variables found a significant difference between the values before and after Covid-19. Meanwhile, for the 6 other financial ratio variables and stock prices, there is no significant difference between the values before and after Covid-19. After that, strategic recommendations are given based on test results, and a mapping is carried out on the Strengths and Weaknesses quadrants to get recommendations for strategies that are suitable for the company. In this study the authors provide recommendations on strategies that can be implemented by companies to improve financial performance.
Perancangan Strategi Berdasarkan Analisis Pengaruh Rasio Keuangan dan Rasio Pasar terhadap Harga Saham (Studi Kasus pada Perusahaan Indeks IDX30 di Bursa Efek Indonesia Tahun 2016-2022) Nurrahman, Ahmad Rizky; Chumaidiyah, Endang; Zulbetti, Rita
Jurnal Ilmiah Universitas Batanghari Jambi Vol 24, No 1 (2024): Februari
Publisher : Universitas Batanghari Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33087/jiubj.v24i1.4360

Abstract

Investment has played a crucial role in driving Indonesia's economic growth post Covid-19 pandemic, notably contributing to the IDX30 index and witnessing a rise in investor numbers. The aim of this study was to uncover trends and the influence of financial and market ratios on stock prices, both concurrently and partially. Another aim also offers recommendations for investors and companies to optimize investment benefits and enhance future corporate performance. The sample for this research comprises 9 companies listed in the IDX30 index for the years 2016-2022. The data utilized encompasses secondary data, processed using panel data regression, and primary data collected through an AHP questionnaire. The findings of this study revealed that trends of ROE, CR, PBV, and HS show a decreasing trend, while DER and EPS indicate an increasing trend. ROE, CR, DER, EPS, and PBV collectively exert a significant impact on stock prices. Furthermore, partial effects showed that ROE, EPS, and PBV significantly affect stock prices. Enhanced performance strategies for companies, both internally and externally, are formulated using IFAS and EFAS, followed by their integration into a SWOT matrix. These results are used to recommend strategies for investors and companies to optimize investments and overall corporate performance.
PENDIDIKAN KEUANGAN UNTUK PEDAGANG PASAR: MENINGKATKAN KEMAMPUAN MENGATUR KEUANGAN DAN MENGHADAPI TANTANGAN EKONOMI Fidyah, Feny; Supiani, Supiani; Zulbetti, Rita; Verawaty, Verawaty; Irdawati, Irdawati
Community Development Journal : Jurnal Pengabdian Masyarakat Vol. 5 No. 3 (2024): Volume 5 No. 3 Tahun 2024
Publisher : Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/cdj.v5i3.29292

Abstract

Artikel ini membahas pentingnya pendidikan keuangan bagi pedagang pasar dalam meningkatkan kemampuan mengatur keuangan dan menghadapi tantangan ekonomi. Melalui metode literature review, artikel ini mengkaji berbagai studi yang telah dilakukan terkait pendidikan keuangan bagi pedagang pasar, baik di Indonesia maupun di negara lain. Hasil kajian menunjukkan bahwa pendidikan keuangan dapat membantu pedagang pasar memahami konsep keuangan dasar, merencanakan anggaran, mengelola utang, serta mengambil keputusan keuangan yang lebih baik. Selain itu, pendidikan keuangan juga dapat meningkatkan ketahanan ekonomi pedagang pasar dalam menghadapi fluktuasi ekonomi dan krisis keuangan. Artikel ini menyimpulkan bahwa program pendidikan keuangan yang disesuaikan dengan kebutuhan pedagang pasar sangat penting untuk memperkuat sektor informal dan mendorong pertumbuhan ekonomi yang inklusif.
Co-Authors Abielya Steffina Nasyachril Adzirah Muzaffirah Adzirah Muzaffirah Ai Susi Susanti Alderajat Mudayanah, Allyka Alfiana Alfiana Alfiana Andi Primafira Bumandava Eka Andi Primafira Bumandava Eka Areilya Stefhany Nasyachri Arifin, Childan Berlian Azyuranie, Rezqya. A Bakri, Asri Ady Cakranegara, Pandu Adi Chatarina Umbul Wahyuni Ciptaningrum Luthfi Nur Afuah Daffa Dezar, Muhammad Dede Hertina Dewi, Yunita Fourina Dhiana Pratiwi Dimas Nugraha Dwi Sulistia Putri, Nadila Dwiyanti Dwiyanti Dwiyanti Dwiyanti, Dwiyanti edy susanto Elita Dewi, Heptari Emeral Sakinah Endang Chumaidiyah Endang Chumaidyah Endang Chumaidyah Farhan Anwar Farid Roihan, Muhammad Fathia Rahma Kamila Fauziyyah, Hana Fidyah, Feny Fitra Nurhakim Fitriani, Elsa Henky Hendrawan Ilham Setiawan Ilman, Hanif Insan Irdawati Irdawati Irfan Widyanto Jeremy Joseph Jonathan Riestario Kartika, Erawati Kiki Andriyana Klemens Mere Kliwon Hidayat Loso Judijanto Mira Veranita Muabrok, Rifqi Ali Mubarok, Rifqi Ali Mustika Pamungkas3, Jaka Muzaffirah, Adzirah Nadia Nurul Azzmi Niken Ekawati Nouvandry Alexander Nurrahman, Ahmad Rizky Nurwita Nurwita P, Perwito PA Andiena Nindya Putri PA Andiena Nindya Putri Perwita Perwito Perwito Perwito Perwito Perwito Perwito, Perwito Piartrini, Putu Saroyini Priyo Nugroho, Anton Putri Indah Sari Putri, Mayarani Rahmani, Annisa Ramadani Kurnia Dewi Ratna H, Yunyun Resanti Lestari Resha Setiawan Retinda Liandya Gita Retinda Liandya Gita Reza Miftah Pebrianto Riestario, Jeremy Joseph Jonathan Rifqi Ali Mubarok Sali Setiatin Santy Christinawati Setiawan, Ilham Setiawan, Resha Sherly Nurul Syifa Supiani Supiani, Supiani Tata Maulidin Toharudin, Andi Tsabitah, Aliva Upik Djaniar Verawaty Verawaty Vina Anggilia Puspita Wahib Muhaimmin, Abdul Wahyu Trimasuti Yulvani Pertiwi, Citra YUSUF, RAMAYANI