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Pardomuan Sihombing, Pardomuan

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Religion Arts Humanities Chemical Engineering, Chemistry & Bioengineering Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Electrical & Electronics Engineering Environmental Science Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Mathematics Social Sciences Other

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Pengaruh Profitabilitas, Efisiensi & Covid-19 Terhadap Kredit Bermasalah Pada Ukuran Perusahaan Pada Tahun 2018-2021 Sebagai Variabel Moderating Dadan Nurhidayat; Erlangga Tri Adhiguna; Sri Dewi Nur Pasha; Pardomuan Sihombing
Populis : Jurnal Sosial dan Humaniora Vol 8, No 1 (2023)
Publisher : Universitas Nasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47313/pjsh.v8i1.1752

The purpose of this research is to examine the relationship between profitability ratios (ROA), efficiency ratios (BOPO), the Covid-19 pandemic & firm size, and banking non-performing loans (NPL). The study population consisted of Indonesia Stock Exchange (IDX)-listed banking issuers from 2018 to 2021. The method of sampling was purposive, with the researcher establishing the criteria for selecting a sample of 17 banking companies, and the methodology was panel data regression with the Random Effect Model (REM). The study found that the profitability ratio (ROA) and Covid-19 partially have no significant effect on NPL, but in the other hand, the efficiency ratio (BOPO) and the firm size negatively impacting NPL. Furthermore, the size of a company can moderates the outcome of profitability (ROA) on NPL, then, it strengthens the influence between the two variables. The effect of efficiency ratio (BOPO) on NPL cannot be moderated by firm size while the impact Covid-19 pandemic on NPL can be moderated by firm size in the term of strengthening influence between variables. Conclusion: It is critical for commercial banks in Indonesia to maintain a healthy financial ratio in order to control non-performing loans.Penelitian ini bertujuan untuk menguji hubungan antara rasio profitabilitas (ROA), rasio efisiensi (BOPO), pandemi COVID-19 & ukuran perusahaan, dan kredit bermasalah (Non Performing Loan/NPL) perbankan sebagai variabel dependen. Populasi dalam penelitian ini adalah perusahaan perbankan yang terdaftar di Bursa Efek Indonesia (BEI) dari tahun 2018 sampai dengan tahun 2021. Metode pengambilan sampel adalah purposive, dimana peneliti menetapkan kriteria untuk memilih sampel sebanyak 17 perusahaan perbankan, dan metodologi yang digunakan adalah regresi data panel dengan Random Effect Model (REM). Studi ini menemukan bahwa rasio profitabilitas (ROA) dan Covid-19 secara parsial tidak berpengaruh signifikan terhadap NPL, namun pada sisi yang lain, hasil rasio efisiensi (BOPO) dan ukuran perusahaan berpengaruh secara negatif terhadap NPL. Selanjutnya, ukuran perusahaan dapat memoderasi pengaruh profitabilitas (ROA) terhadap NPL, kemudian ukuran perusahaan memperkuat pengaruh antara kedua variabel tersebut. Pengaruh rasio efisiensi (BOPO) terhadap NPL tidak dapat dimoderasi oleh ukuran perusahaan sedangkan dampak pandemi Covid-19 terhadap NPL dapat dimoderasi oleh ukuran perusahaan dalam hal penguatan pengaruh antar variabel. Kesimpulan: Sangat penting bagi bank umum di Indonesia untuk menjaga rasio keuangan yang sehat untuk mengendalikan kredit bermasalah.

The Impact of Stock Selection, Market Timing and Equity Fund Size on Equity Funds Performance during Covid-19 Arifin Hasudungan Manurung; Pardomuan Sihombing
Kontigensi : Jurnal Ilmiah Manajemen Vol 11 No 1 (2023): Kontigensi: Jurnal Ilmiah Manajemen
Publisher : Program Doktor Ilmu Manajemen, Universitas Pasundan, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56457/jimk.v11i1.341

Investors in Indonesia pay attention to the financial market's investment tools, including mutual funds. Some mutual funds even provide a higher return on investment than alternative stock investments, with a lower level of risk be-cause investment managers properly manage them. This research aims to determine how stock mutual fund success is affected by factors such as stock selection, market timing, mutual fund size, and Covid-19, with Covid-19 serving as a moderator. Purposive sampling was utilized to conduct research on Indonesian equity funds. This study's sample consists of equity funds administered by fourteen investment management firms authorized and regulated by the Financial Services Authority (OJK). Panel data regression analysis in Eviews is used to examine the information. It was discovered that neither mutual fund size nor Covid-19 played a statistically important role in determining the success of equity funds. However, equity fund returns are significantly influenced by company picking and market timing. As a supplementary benefit, Covid-19 can significantly reduce the beneficial effects of overly optimistic stock picking on the returns of equity funds. This research also demonstrates that the effects of mutual fund size and market timing on stock fund returns are not reduced by using Covid-19.

Dampak Kinerja Keuangan Terhadap Return Saham Perusahaan Menerbitkan Sukuk di Indonesia Muhammad Sahirul Alim; Pardomuan Sihombing
Syntax Literate Jurnal Ilmiah Indonesia
Publisher : Syntax Corporation

Tujuan dari penelitian ini adalah untuk menganalisis dampak kinerja keuangan dengan indikator yaitu Sukuk to Equity Ratio (SER), Debt to Equity Ratio (DER), Size, Return on Equity (ROE), dan Earning Per Share (EPS) terhadap return saham pada perusahaan yang menerbitkan sukuk dan tercatat di Bursa Efek Indonesia. Data tahunan untuk periode pengamatan dari 2016 hingga 2020 digunakan. Populasi dalam penelitian ini adalah 21 perusahaan. Teknik Purposive Sampling digunakan dan ditemukan perusahaan dengan kriteria tertentu dalam waktu 5 tahun pengamatan yang membuat jumlah total pengamatan sebanyak 20. Data dikumpulkan dari Bursa Efek Indonesia. Dianalisis dengan menggunakan Analisis Regresi Data Panel. Model penelitian yang dipilih adalah Fixed Effect Model. Hasil analisis menunjukkan bahwa SER memiliki dampak positif terhadap return saham sebagaimana disebutkan dalam Signalling Theory. Ukuran dan EPS juga berdampak positif pada return sedangkan DER dan EPS berdampak negatif terhadapnya.

Yield to maturity determinants in Indonesia corporate bonds with leverage as moderating variable Yosephine Amanda Bonowati; Pardomuan Sihombing
JPPI (Jurnal Penelitian Pendidikan Indonesia) Vol 9, No 2 (2023): JPPI (Jurnal Penelitian Pendidikan Indonesia)
Publisher : Indonesian Institute for Counseling, Education and Theraphy (IICET)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29210/020232745

The capital market is a forum for companies to sell shares and bonds in the hope of obtaining additional funds raised from the proceeds of selling part ownership of the company or issuing debt securities. The long-term market or commonly called the capital market has a variety of instruments that can be considered for investors. Furthermore, the purpose of this study is to analyze the important determinants which can have an impact on the yield to maturity of company obligations in Indonesia by placing leverage variable as a moderation variable. The data in this study was obtained from 25 company bonds as a sample of the total population of 59 corporate bonds in industrial sector which were further tested with panel data analysis techniques. It made the total data of 75 with 3 years of research duration. This study found that profitability, leverage and company size influenced the yield to maturity of company bonds in Indonesia. otherwise, bond ratings were found to have no effect. Subsequent findings suggest the role of leverage as a moderation variable. In addition, the end of this part of the study presents practical and academic advice as a form of researcher contribution, to invest in corporate bonds with higher degree of profitability, leverage and company size.

Analysis of the influence internal and external factors on the performance of IDXV30 Tumpal Samosir; Pardomuan Sihombing
JPPI (Jurnal Penelitian Pendidikan Indonesia) Vol 9, No 3 (2023): JPPI (Jurnal Penelitian Pendidikan Indonesia)
Publisher : Indonesian Institute for Counseling, Education and Theraphy (IICET)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29210/020232849

In this research, authors examine the internal influence of BI7DRR, Inflation, Exchange Rate and JCI and external DJIA, the Fed, HSI and the contribution of factors that influence the performance of Index Value 30 (IDXV30) during the period September 2019 – December 2022. Type of data used is monthly time series data using the saturated sampling technique which is processed using the Eviews 12 application program using the VECM analysis method. The analysis phase is through the Stationarity Test, Optimal Lag Test, VAR Stability Test, Granger Causality Test, Cointegration Test, Impulse Response Function (IRF), and Forecast Error Variance Decomposition (FEVD). The results of the study prove that the Exchange Rate and DJIA together have a negative influence on the performance of the IDXV30 while the HSI and Inflation positively affect the IDXV30's performance. JCI, BI7DRR, FED have a negative influence on the performance of IDXV30. While the contributing factors are the IDXV30 itself while macroeconomics and global stock exchanges do not contribute.

Examining Stock Return Drivers in Garment and Textile Firms on the Indonesia Stock Exchange Sihombing, Pardomuan; Melitana, Cyndi Loisa; Oktavia, Dinda
Research of Finance and Banking Vol. 1 No. 2 (2023): October 2023
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rfb.v1i2.140

The problem of this research was entering the era “New Normal” has become an opportunity for economic players to invest in the capital market. Due to the unstable economic conditions, Therefore, investors need to conduct fundamental analysis in macro and micro economics so that their investments can obtain high stock returns the objective of this research was analysis of Factors Affecting Stock Returns with Firm Sizeas Moderating Variable in the Garment and Textile Industry Listed on the Indonesia Stock Exchange (IDX) 2016-2020. The methodology of this research was the collection of data using the scondary data by annual report firm Garment and Tekstil in BEI. The samples used in research as many as 16 firm with technique purposive sampling. The results of the study showed that there is no effect significant of ROE, DER, DER onstock returns. There is a significant negative effect of Interest Rates and Firm Size on stock returns. Variable Firm Size was also not proven to play a moderating role in the influence of ROE, DER, and CR, but Firm Size was able to significantly moderatinge the effect of interest rates on stock returns of garment and textile companies 2016-2020.

Effect of Dividend, Profitability, and Interest Rates on Firm Value with Leverage as Moderating Sihombing, Pardomuan; Pranata, Natanael; Kwee, Yohanes
Research of Finance and Banking Vol. 2 No. 1 (2024): April 2024
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rfb.v2i1.218

This research aims to determine the effect of dividend policy, profitability, and interest rates on firm value with leverage as a moderating variable in coal sector firms listed on the Indonesia Stock Exchange. The sampling method uses purposive sampling, with several predetermined criteria, the number of samples is 12 coal sector firms. This research uses panel data analysis. The appropriate panel data model in research uses a fixed effects model. The research results show that dividend policy, profitability, and interest rates have no effect on firm value, and leverage as a moderating variable can strengthen the relationship between dividend policy and profitability on firm value. Companies that use leverage can improve firm performance so that firm value increases. Managerial implications stem from these findings. Executives should adopt dividend policies aligned with firm growth objectivesbalancing shareholder returns with reinvestment opportunities. Enhancing profitability through operational efficiency and strategic decision-making remains paramount. Additionally, monitoring interest rate fluctuations enables proactive management of financing costs and investment decisions. This study examines the influence of dividend policy, profitability, and interest rates on firm value, with leverage acting as a moderating variable. The findings provide valuable insights for managerial decision-making

Macroeconomic Variables Effect on 10-Year Tenor Government Bonds Yield Sihombing, Pardomuan; Edi Santoso; Dini Hariyanti
Research of Economics and Business Vol. 1 No. 2 (2023): SEPTEMBER 2023
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/reb.v1i2.83

This study aims to analyze the effect of macroeconomic conditions on the yield of 10-year government bonds. The macroeconomic indicators studied were the consumer price index, BI 7 days reverse repo rate, foreign exchange reserves, Indo CDS 5 years, and the Government Budget Deficit from January 2009 to December 2019. This research uses the Vector Error Correction Model (VECM) method because there is cointegration between variables, indicated by Trace Statistics and Max-Eigenvalue statistics, which are greater than Critical Value. The analysis results show that the Consumer Price Index (CPI) and the Government Budget Deficit positively influence the 10-year tenor government bond yield. In contrast, the 5-year Indo CDS, BI 7 days reverse repo rate, and Foreign Exchange Reserves negatively affect the 10-tenor government bond yield year. The policy implications for the yield of 10-year government bonds can be beneficial and useful for the government as the economic authority in issuing bonds, the regulator (Bank Indonesia), and helping investors to develop investment strategies in government bonds by continuously monitoring and predicting the direction of movement of these variables so that they can creating an optimal portfolio of government bonds.

The Effect of Coal Production, Profitability, Leverage, Newcastle Price on Firm Value with Renewable Energy Moderation Sihombing, Pardomuan; Priambhodo, Yohanes Dimas
Research of Economics and Business Vol. 2 No. 1 (2024): MARCH 2024
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/reb.v2i1.203

The flow of investment funds from global fund managers to energy sector stocks is increasing and is focused on renewable energy. Regarding this, several energy sector companies in Indonesia have started to diversify their business into renewable energy. This research uses panel data analysis, which aims to see the influence of various variables, including coal production, profitability, leverage, and Newcastle coal price with renewable energy as a moderator on the value of energy sector companies. The companies in the sample are the coal sub-sector energy sector listed on the Indonesia Stock Exchange in 2018-2022. The results of this research show that profitability has a positive influence on firm value. For coal production, leverage and Newcastle coal prices do not affect firm value. Apart from that, renewable energy is also unable to moderate the influence of coal production, leverage, and Newcastle coal price on Firm value. The managerial implication of this research is that companies in the energy sector need to pay attention not only to traditional factors such as coal production, profitability, and leverage but also to new factors such as Newcastle coal prices and renewable energy as moderators.

Determinants of the Developed Country Index and Indonesian Macroeconomic on the IDX Growth 30 and IDX Value 30 Sihombing, Pardomuan; Samsudin, Idris
Research of Economics and Business Vol. 2 No. 2 (2024): SEPTEMBER 2024
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/reb.v2i2.209

This study analyzes the determinants of the Developed Country Index (Hang Seng Index, Dow Jones Index) and Indonesian macroeconomic variables (10-Year Government Bond Yield, Foreign Ownership in Government Bonds, and the BI-7 Day Reverse Repo Rate, BI7DRR) on the movement of the IDX Growth 30 Index (IDXG30) and IDX Value 30 Index (IDXV30) from 2018–2022. Monthly time series data is used with a saturated sampling technique, processed via Eviews 12 using VECM analysis. The study conducts Stationarity, Optimal Lag, VAR Stability, and Cointegration Tests, along with Impulse Response Function (IRF) and Forecast Error Variance Decomposition (FEVD) analyses Results show that the Hang Seng Index and Foreign Ownership in Government Bonds negatively affect IDXG30 and IDXV30, while BI7DRR positively influences both. The Dow Jones Index positively affects IDXG30 but negatively impacts IDXV30. Meanwhile, the 10-Year Government Bond Yield negatively affects IDXG30 and positively influences IDXV30. Additionally, the performance of IDXG30 and IDXV30 themselves and BI7DRR significantly contribute to both indices' movements.

Co-Authors ,, Rizal Abitur Asianto Agustina Suparyati, Agustina Amanda Yosephine Bonowati Amrie Firmansyah Anastasia Sianturi Andy Kurniawan, Andy Ardhiani Fadila Ardy Fardiansyah Arifin Hasudungan Manurung Augustina Kurniasih Bonowati, Yosephine Amanda Christi, Eva Aprilia Cynthia Java Al Maduri Dadan Nurhidayat Desmita Desmita Diamanta Putri, Rimada Diamanta Putri Difoasih, Garys Dini Hariyanti Ecryna Cyntia Hutapea Elia Zakchona Erlangga Tri Adhiguna Fitri Apriyana Gultom, Hesekiel Maranatha Gusfriyanto, Harri Hati, Elyana Husni, Ricky Albert Hutajalu, Clinton Banua Betlehem Ida Busnetty Indira Puspa Gustiah Irwan Daud Irwan Daud Jayawarsa, A.A. Ketut Kartikasari, Rachma Kasman Pandiangan Kuncoro, Ignatius Bayu Kwee, Yohanes Leni Hartati Levy Perwiro Garnoko Manik, Defriyanti Cicilia Manurung, Arifin Hasudungan Melitana, Cyndi Loisa Muhamad Taufiq Muhammad Sahirul Alim Muhammad Zilal Hamzah Mukhlis Novawiguna K, . . Nur Kamri Hardi Oktavia, Dinda Prabowo, Bumi Prabu Prakosa Andiantyo Pranata, Natanael Priambhodo, Yohanes Dimas Priyo Adiwibowo Putra, Rubby Prastya Putra, Wahyu Sastra Reza Alfianto Siregar, Muhammad Richo Dany Wijaya Richo Dany Wijaya, Richo Dany Rizal , Samsuar, Alfan Samsudin, Idris Sarva Jayana, Nur Satria Fajar Maulana Siagian, Fahri Gunawan Sri Dewi Nur Pasha Sri Marti Pramudena Sri Yani Kusumastuti Suhandi Suhandi Suhandi, Suhandi Sumiyarti Sundoro, Hary Saputra Tri Kunawangsih Tri Kunawangsih Purnamaningrum Triadji, Iwan Tumpal Samosir Tyara Pratiwi Poernomoputri VICTOR SIAGIAN Wahyuningsih, Mutia Yosephine Amanda Bonowati Zakchona, Elia Zakchona, Elia

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