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Journal : Jurnal Scientia

THE EFFECT OF GOOD CORPORATE GOVERNANCE ON THE FINANCIAL PERFORMANCE OF BUMD, WEST JAVA PROVINCIAL GOVERNMENT FINANCIAL INSTITUTIONS Jejen Jaenudin; Nastiti RIzky Shiyammurti
Jurnal Scientia Vol. 12 No. 03 (2023): Education, Sosial science and Planning technique, 2023 (June-August)
Publisher : Sean Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58471/scientia.v12i03.1756

Abstract

The low financial performance of BUMDs in West Java province has become a problem that has received intensive attention from various groups. This is because the low financial performance causes the contribution of Regional Original Income (PAD) from existing BUMDs to be low. Of course this is not worth the investment made by the provincial government or level 2 local government, where the funds come from the people who should be held accountable. Based on the results of interviews with BPKP, the Governor of West Java, the Provincial DPRD and other stakeholders, it can be concluded that the factor for the low financial performance of BUMDs in West Java is the problem with the implementation of Good Corporate Governance ( GCG). This study aims to analyze the effect of GCG (institutional ownership, audit committee and board of commissioners / supervisors) on financial performance at BUMD in West Java by using Return on Assets (ROA) as a proxy for measuring financial performance. Based on literature studies, the majority of related research is conducted on companies listed on the Indonesia Stock Exchange (IDX), companies that are included in the Corporate Governance Perception Index (CGPI) and BUMNs so that this research conducted on BUMD will provide additional references from existing ones. The method of this research is panel data regression where one has to find an appropriate estimation model. Is the dominant common effect model, fixed effect model or random effect model. After that, the chow test, lagrange multipler test and hausman test were carried out. The next stage is the normality test, multicollinearity test, heteroscedasticity test and autocoleration test. The last is the interpretation stage in the form of adjusted R Square test, F test, Partial T test, Goodness of Fit test (hypothesis test). It is hoped that this research can provide recommendations to BUMD regarding the management of Good Corporate Governance in order to produce good financial performance. In terms of the level of technology absorption, it can be concluded that this research has reached stage 3. The main challenge of this research is the availability of data from 27 cities/regencies in West Java, so that the researcher makes a roadshow scenario to each city-district for data requests if the data is not readily available. complete at the Bureau that handles BUMD at the West Java Provincial Government.
THE INFLUENCE OF SALES AND OPERATIONAL COSTS ON NET INCOME (CASE STUDY ON TEXTILE AND GARMENT SUB-SECTOR MANUFACTURING COMPANIES LISTED ON THE INDONESIAN STOCK EXCHANGE 2015 - 2022) Nastiti Rizky Shiyammurti; Sindy Supartini
Jurnal Scientia Vol. 12 No. 04 (2023): Education, Sosial science and Planning technique, 2023, Edition September-Nov
Publisher : Sean Institute

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Abstract

This study aims to determine the effect partially and simultaneously of variable sales and operating costs on net income. The problem that occurs in this research is the fluctuating net income, this research was conducted at textile and garment sub sector manufacturing companies that are listed on the Indonesia Stock Exchange from 2015-2022. The method of analysis in this study uses multiple linear regression analysis with the help of SPSS 26 software. The results of regression analysis test show that sales partially have a positive and significant effect on net income, operating costs partially have a negative and significant effect on net income, while simultaneously sales and operating costs have a significant effect on net income. To test the coefficient of determination or R2, the results are 0.623 or 62.3%, both of these variables affect net income. 37.7% for the rest is influenced by other variables not examined in this study.
The Effect Of Company Size And Capital Structure On Company Value (Study On Property And Real Estate Companies Listed On The Indonesian Stock Exchange) Nastiti Rizky Shiyammurti; Yanti Ramadanti
Jurnal Scientia Vol. 13 No. 03 (2024): Education and Sosial science, June - August 2024
Publisher : Sean Institute

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Abstract

The purpose of this study was to examine and determine the effect of firm size and capital structure partially and simultaneously on firm value. This study uses property and real estate companies listed on the Indonesia Stock Exchange during the 2016-2022 period as the population. The sampling technique used is purposive sampling method where the sample is taken based on certain criteria according to the will of the researcher, so that based on these retrieval criteria a sample of 140 companies is obtained. This study uses secondary data and the data analysis method is carried out by multiple linear regression tests with the help of SPSS version 25 software as a data processing programme. In this study, the ratio used as an indicator to measure the dependent variable of firm value is PBV (Price to Book Value). The results of this study indicate that partially firm size and capital structure have a significant and negative effect on firm value. While simultaneously firm size and capital structure have a significant and positive effect on firm value.
The Effect Of Leverage Level And Company Size On Profit Growth (Study On Food And Beverage Companies Listed On The Indonesian Stock Exchange (IDX) 2019-2023) Nastiti Rizky Shiyammurti; Ersa Malani Karamoy
Jurnal Scientia Vol. 13 No. 03 (2024): Education and Sosial science, June - August 2024
Publisher : Sean Institute

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Abstract

The purpose of this study is ti test and analyze the the influence of leverage level and company size on profit growth in Food and Beverage companies listed on the Indonesia Stock Exchange for the period 2019-2023. The level of leverage is measured using the Debt to Equity Ratio (DER) and the company size measured using natural logarithms. The total sample used in this study is 18 companies through purposive sampling. The data used in this study in secondary data. To the test hypothesis in this study, a multiple linear regression analysis method with a result of the determination coefficient in this stydu is 50,5% which can be explained by independent variabels, namely leverage level and company size on the profit growth variable. The result of this study show that the level of leverage has a significant effect on profit growth. The level of leverage and the size of the company simultaneously affect the profit growth of food and beverage companies listed on the Indonesia Stock Exchange (IDX). Because the significance level is <0,0