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Determinan RAROC pada Perusahaan Manufaktur (LQ45) di Bursa Efek Indonesia (BEI) periode 2017 – 2023 Ivan Jan Jaya Silaen; Adler Haymans Manurung; Jhonni Sinaga; Djuni Thamrin; AWN Fikri
Pajak dan Manajemen Keuangan Vol. 1 No. 4 (2024): Agustus : Pajak dan Manajemen Keuangan
Publisher : Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/pajamkeu.v1i4.353

Abstract

This research aims to determine the determinants of RAROC in manufacturing companies on the IDX for the 2017 - 2023 period. The data used in this research is secondary data. This data is quantitative data obtained from the Indonesian Stock Exchange (BEI) with shares included in the LQ45 Index in the form of annual financial reports for the period 2017 - 2023. The sample for this research was 33 companies obtained using purposive sampling technique. The data analysis technique used is multiple linear regression analysis and hypothesis testing using determinate coefficient tests, simultaneous F-tests and partial T-tests. The data analysis technique was carried out using the Eviews13 For Windows program. The research results show that Gross Profit Margin (GPM), Debt to Equity Ratio (DER) and Interest Coverage Ratio (ICR) together (simultaneously) have a significant effect on Risk-Adjusted Return on Capital (RAROC). Gross Profit Margin (GPM) partially has a negative and significant effect on Risk-Adjusted Return on Capital (RAROC), Debt to Equity Ratio (DER) partially has a positive and significant effect on Risk-Adjusted Return on Capital (RAROC) and Interest Coverage Ratio (ICR) partially has a negative and insignificant effect on Risk-Adjusted Return on Capital (RAROC).
Determinan Arus Kas Perusahaan Manufaktur Indeks LQ 45 yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2018 - 2023 Annisa Lestari; Adler Haymans Manurung; Edward Efendi Silalahi; Muhammad Richo Rianto; Jhonni Sinaga
Pajak dan Manajemen Keuangan Vol. 1 No. 4 (2024): Agustus : Pajak dan Manajemen Keuangan
Publisher : Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/pajamkeu.v1i4.354

Abstract

Free cash flow is a way to calculate the remaining cash flow that is not used for investment or operations. The purpose of this study is to determine how the variables net profit, depreciation, and changes in investment have an effect on free cash flow recorded on the Indonesia Stock Exchange during the period 2018-2023. This study uses a quantitative approach method. The results of this study indicate that Net Profit has a positive and significant effect on Free Cash Flow, Depreciation has a positive and significant effect on Free Cash Flow, and Changes in Investment have a negative and insignificant effect on Free Cash Flow.
PENGARUH HARGA, PERSEPSI KUALITAS DAN PEMASARAN RELIGIUSITAS TERHADAP KEPUTUSAN ORANG TUA DALAM MEMILIH SEKOLAH ISLAM DI KOTA BEKASI Ahmad Faqih Syukri; Muhammad Richo Rianto; Bintang Narpati; Adler Haymans Manurung; Jhonni Sinaga
IJESM Indonesian Journal of Economics and Strategic Management Vol. 3 No. 1 (2025): March
Publisher : Draf Solusi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69718/ijesm.v3i1.439

Abstract

Penelitian ini bertujuan untuk mengkaji pengaruh harga, persepsi kualitas dan pemasaran religiusitas terhadap keputusan orang tua dalam memilih sekolah Islam di Kota Bekasi. Penelitian ini menggunakan metodologi kuantitatif, menggunakan hair dan accidental sampling sebagai teknik pengumpulan data. Sampel penelitian ini berjumlah 134 responden. Data primer diperoleh dengan mengelola survei yang diisi oleh orang tua yang berada di Kota Bekasi. SmartPLS 4.0 digunakan untuk analisis data. Hasil penelitian ini adalah: 1) Harga berdampak positif dan signifikan terhadap keputusan orang tua; 2) Persepsi Kualitas berdampak posiitf dan signifikan terhadap keputusan orang tua; 3) Religiusitas berdampak negatif terhadap keputusan orang tua.
Single Index Model dalam Pemilihan Saham Optimal Jhonni Sinaga; Aurlia Hayatunisa; Supriyanto Supriyanto
Sammajiva: Jurnal Penelitian Bisnis dan Manajemen Vol. 2 No. 3 (2024): September : SAMMAJIVA : Jurnal Penelitian Bisnis dan Manajemen
Publisher : Institut Nalanda

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47861/sammajiva.v2i3.1190

Abstract

This study aims to analyze the optimal stock selection on the Indonesia Stock Exchange using the Single Index Model method, focusing on stocks included in the LQ45 index during the 2019-2023 period. The selection of data samples used in this study is Purposive Sampling and the analysis technique in this study is quantitative descriptive analysis. Based on the results of the analysis, 15 stocks were selected that were included in the LQ45 index category. The results of the study showed that from a sample of 15 stocks, there were 2 stocks that fell into the optimal stock criteria, namely Adaro Energy Tbk (ADRO) and Bank Central Asia Tbk (BBCA), these stocks had an overall Expected Return (ER) of 3.95% and an overall Variance of 2.447%.
Dampak Modal Kerja Terhadap Harga Aset dan Kinerja Keuangan Pada Harga Saham Perusahaan Fauzi, Achmad; Jhonni Sinaga; Khomarudin Jein; Mayang Puspita Ayu; Liza Adelia; Lusitania Kembaren; Melani Aprilya
Jurnal Kewirausahaan dan Multi Talenta Vol. 1 No. 4 (2023): Jurnal Kewirausahan dan Multi Talenta (Oktober-Desember 2023)
Publisher : Siber Nusantara Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/jkmt.v1i4.105

Abstract

Tujuan dari penelitian ini adalah untuk menyelidiki pengaruh modal kerja terhadap nilai aset dan efisiensi fungsi keuangan bisnis. Karena digunakan untuk operasional sehari-hari suatu perusahaan, maka modal kerja merupakan komponen yang sangat penting dalam suatu lembaga usaha. Pengelolaan modal kerja yang efektif merupakan faktor lain yang berkontribusi terhadap pencapaian keuntungan. Iaba mempunyai arti yang paling tinggi karena mempunyai potensi mempengaruhi profitabilitas suatu perusahaan. Kinerja keuangan perusahaan meningkat sebanding dengan jumlah laba yang dapat dihaslikannya. Modal kerja, yang terdiri dari aset lancar dan kewajiban lancar, merupakan komponen penting dalam pengelolaan sumber daya keuangan suatu perusahaan. Saat menjalankan bisnis di lingkungan yang selalu berubah, penting untuk memiliki pemahaman yang kuat tentang bagaimana modal kerja mempengaruhi harga aset dan kinerja keuangan. Tujuan penelitian ini adalah untuk mengetahui hubungan antara modal kerja, harga aset, dan kinerja keuangan dengan menggunakan data yang diperoleh dari analisis komparatif review jurnal. Hasil penelitian ini tidak menutup kemungkinan dapat dijadikan referensi bagi para peneliti dan akademisi yang tertarik pada bidang analisis keuangan perusahaan dan manajemen keuangan.
PENGARUH FAKTOR KEUANGAN DAN NON KEUANGAN TERHADAP KEPUTUSAN PENGGUNAAN PAY LATER DI KOTA BEKASI UTARA Salsabila Hasani; Muhammad Richo Rianto; Adler Haymans Manurung; Jhonni Sinaga
IJESM Indonesian Journal of Economics and Strategic Management Vol. 3 No. 1 (2025): March
Publisher : Draf Solusi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69718/ijesm.v3i1.394

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh literasi keuangan, perilaku keuangan, gaya hidup, dan pengaruh sosial terhadap keputusan penggunaan paylater di kota Bekasi Utara. Penelitian menggunakan pendekatan kuantitatif dengan 150 responden yang di pilih berdasarkan kriteria tertentu. Data dianalisis menggunakan perangkat lunak SmartPLS 4.0 untuk menguji kelayakan model dan hipotesis. Hasil menunjukkan bahwa gaya hidup dan pengaruh sosial memiliki dampak positif signifikan terhadap keputusan penggunaan PayLater, sementara literasi keuangan dan perilaku keuangan memiliki dampak negatif dan tidak signifikan.
Pengaruh Budaya Betawi, Inovasi, Word of Mouth dan Lokasi Terhadap Keputusan Pembelian Traditional Food Betawi Nathania yunus, Angeline; Muhammad Richo Rianto; Bintang Narpati; Adler Haymans Manurung; Jhonni Sinaga
IJESM Indonesian Journal of Economics and Strategic Management Vol. 3 No. 1 (2025): March
Publisher : Draf Solusi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69718/ijesm.v3i1.421

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh Budaya Betawi, Inovasi, Word of Mouth, dan Lokasi terhadap Keputusan Pembelian Traditional Food di Kota Bekasi Utara. Metode penelitian menggunakan pendekatan kuantitatif dengan kuesioner sebagai alat pengumpul data. Sampel berjumlah 140 responden yang merupakan konsumen pembeli makanan tradisional Betawi. Analisis data menggunakan Partial Least Square (PLS) dengan software SmartPLS 4.0. Hasil penelitian menunjukkan bahwa Budaya Betawi berpengaruh signifikan, Inovasi tidak berpengaruh signifikan, Word of Mouth dan Lokasi berpengaruh signifikan terhadap Keputusan Pembelian. Implikasinya, produsen traditional food perlu berinovasi dengan tetap mempertahankan ciri khas budaya Betawi, serta meningkatkan kualitas word of mouth dan membuka outlet di lokasi strategis.
Pengaruh Motivasi Kerja, Lingkungan Kerja, dan Kepuasan Kerja terhadap Produktivitas Karyawan di PT. Nihon Seiki Indonesia Santa Clara Putri; Jhonni Sinaga; Supriyanto Supriyanto
Jurnal Bisnis Inovatif dan Digital Vol. 2 No. 3 (2025): Juli : Jurnal Bisnis Inovatif dan Digital
Publisher : Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/jubid.v2i3.700

Abstract

This study aims to determine the influence of Work Motivation, Work Environment, and Job Satisfaction on Employee Productivity at PT. Nihon Seiki Indonesia. This research is motivated by the phenomenon of declining employee productivity as shown by the non-achievement of work targets in recent months. This problem indicates the possibility of a decline in internal quality that needs to be evaluated, such as low motivation, less supportive work environment conditions, and less than optimal job satisfaction. This decline can also have an impact on the company's overall performance, including in terms of efficiency, production quality, and customer satisfaction that are declining over time. The method used in this study is a quantitative method with a descriptive and verifiable approach. The data collection technique was carried out through the distribution of questionnaires to 90 employees as a sample of the total population of 115 employees working in the company. The research instrument was tested through validity and reliability tests. Data were analyzed using multiple linear regression analysis, t-test (partial), F test (simultaneous), and determination coefficient (R²) test, with the help of SPSS software version 26. The results of the study show that Work Motivation, Work Environment, and Job Satisfaction have a significant effect on Employee Productivity, both partially and simultaneously. These findings confirm that the increase in employee work productivity is not only dependent on external factors such as technology and management systems, but is also highly determined by internal factors that are directly related to individual comfort and satisfaction at work. Therefore, company management needs to focus more on efforts to create a conducive work environment, build strong motivation, and increase employee job satisfaction as a strategy to optimize productivity. In addition, continuous training and effective communication between teams also need to be improved to maintain morale, collaboration, and the achievement of overall organizational targets.
SPORTS BUSINESS: THE ROLE OF BUSINESS INTELLIGENCE IN BUSINESS SUCCESS IN SPORTS FIELD RENTAL Achmad Fauzi; Ahmad Muchlisin Natas Pasaribu; Muzakki Sudirman; Ratilla Amanda Edwar; Teti Aliyanti; Lola Kambuno; Reifa Galih Ramadhanti; Putri Ayu Shayekti Melani; Jhonni Sinaga
IJESM Indonesian Journal of Economics and Strategic Management Vol. 1 No. 02 (2023): July 2023
Publisher : Draf Solusi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

In business there is the science of collecting accurate data and information that can be obtained from various sources, this knowledge is called Business Intelligence. This knowledge can help to provide appropriate options for business needs. The method used in writing this journal is a qualitative method, namely a method that collects previous research data as reference material for this journal research, how much influence one variable has on another. Business Intelligent is used to identify customer satisfaction in renting sports fields by collecting data from various sources using technology. Business Intelligent can strategically identify field locations leased to customers. This journal has literature results in the form of: 1) Customer satisfaction with sports field rentals; 2) The influence of Business Intelligent on sports field rental costs that are affordable for strategic locations.
BUSINESS INTELLIGENCE IMPLEMENTATION IN MARKETING STRATEGY IN START UP PERFORMANCE Achmad Fauzi; Jhonni Sinaga; Immanuel Pharosandika Sihombin; Indah Wulandari; Amelia Seli Febrianti; Selliatun Nuriah; Eny Trisno Wanti; Naufal Khairiansyah
IJESM Indonesian Journal of Economics and Strategic Management Vol. 1 No. 02 (2023): July 2023
Publisher : Draf Solusi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Intelligence implementation in marketing strategy Competition in the field of marketing is increasing, the implementation of artificial intelligence has become an increasingly important topic in the digital era. Now it can help startup companies process data more quickly and efficiently, enabling them to make smarter decisions and make the most of their own marketing strategy. Rules or systems that can be used in marketing is through customer data analysis. By using rules or machine learning processes, companies can analyze the existing behavior and uses of their customers, and predict their future needs and wants. Thus, companies can customize their products or services and enhance their marketing to achieve the business goals that startup companies require.