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Financial Performance of Investment Companies Using the Treynor-Black Method: An Analysis of Risk-Adjusted Returns and Portfolio Optimization Manap, Abdul; Yusnindar, Yusnindar; Buana, Lilik Swartana Angga; Pane, Saut; Agung, Mohamad Ramadhan
RIGGS: Journal of Artificial Intelligence and Digital Business Vol. 4 No. 2 (2025): Mei - Juli
Publisher : Prodi Bisnis Digital Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/riggs.v4i2.457

Abstract

This study evaluates the financial performance of investment firms using the Treynor-Black Method, which optimizes portfolios by combining high-alpha assets with the market portfolio to enhance risk-adjusted returns. The study applies the method to a sample of investment firms to examine its effectiveness in improving key performance metrics, including the Sharpe Ratio, Treynor Ratio, and Jensen's Alpha. The findings indicate that the Treynor-Black Method substantially improves portfolio performance, with optimized portfolios exhibiting higher Sharpe and Treynor Ratios and positive Jensen's Alpha. These results suggest systematic risk management and effective value addition through active management. However, the study acknowledges limitations such as reliance on historical data, potential data quality issues, and challenges in estimating alpha and beta. These constraints highlight the need for careful interpretation and suggest future research directions, including the use of real-time data and alternative optimization approaches. The study provides practical insights for investment managers, offering an enhanced framework for portfolio construction and performance evaluation. It contributes to the field by validating and extending the Treynor-Black Method, enhancing strategies for aligning portfolios with risk-return objectives.
Influence of Financial Ratios and Good Corporate Governance on Financial Performance Manap, Abdul; Br Ginting, Riah Ukur; Sasmiyati, Rini Yulia; Pane, Saut; Pujadi, Arko
RIGGS: Journal of Artificial Intelligence and Digital Business Vol. 4 No. 4 (2026): November - January
Publisher : Prodi Bisnis Digital Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/riggs.v4i4.3116

Abstract

This study aims to examine and analyze the influence of profitability, liquidity, and good corporate governance on the financial performance of Food and Beverage sector companies listed on the Indonesia Stock Exchange during the 2020–2024 observation period. The research applies a purposive sampling technique to select companies that meet predetermined criteria that are relevant to the research objectives, resulting in a total sample of 14 companies with 70 annual report observations for five consecutive years. The data analysis method used in this study is multiple linear regression, supported by descriptive statistical analysis, classical assumption testing, and hypothesis testing to ensure the reliability and validity of the findings. The results of the study show that profitability has a positive and significant effect on financial performance, meaning that companies with higher profitability ratios tend to achieve better financial outcomes. However, liquidity and institutional ownership as part of good corporate governance do not have a significant effect on financial performance, indicating that they may not directly influence a firm’s ability to generate returns in this industry context. These findings emphasize that profitability is one of the most dominant internal factors in determining financial success, while liquidity and institutional ownership have a limited role. Overall, the study contributes to strengthening empirical evidence regarding the role of financial management and governance practices in shaping company performance in the Indonesian Food and Beverage industry.
Analysis of The Influence of Brand, Price and Product Quality on The Decision to Purchase Rackets at The Bogor Ambasador Sport Shop Manap, Abdul; Sekianti, Atik; Pane, Saut; Pujadi, Arko; Saepullah, Asep
Innovative: Journal Of Social Science Research Vol. 4 No. 2 (2024): Innovative: Journal Of Social Science Research
Publisher : Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/innovative.v4i2.10653

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh citra merek, harga, dan kualitas produk terhadap keputusan pembelian raket di toko Ambasador Sport. Dalam penelitian ini, digunakan metode kuantitatif yang mana data diperoleh dari hasil survei dan olah data kuesioner berdasarkan prosedur statistik. Berdasarkan rumus Yount, sampel didalam penelitian ini adalah sebanyak 55 responden. Pada penelitian ini, telah didapatkan hasil persamaan regresi Y = -0,953+ 0.124X1 + 0.187X2 + 0.307X3 + e. Variabel citra merek tidak ada pengaruh terhadap keputusan pembelian dengan nilai thitung (0,848) < ttabel (2,00758), variabel harga tidak ada pengaruh terhadap keputusan pembelian dengan nilai thitung (1,165) < ttabel (2,00758), variabel kualitas produk memiliki pengaruh terhadap keputusan pembelian dengan nilai thitung (4,025) > ttabel (2,00758), dan variabel citra merek, harga, dan kualitas produk berpengaruh secara simultan dengan menunjukkan hasil perhitungan Fhitung (29,334) > Ftabel (2,79) dimana jika Fhitung > Ftabel. Sedangkan nilai R2 sebesar 0,633 atau 63,3%, yang menandakan bahwa variabel independen (X1, X2, X3) mempengaruhi variabel dependen (Y) sebesar 63,3%, sementara sisanya sebesar 36,7% dipengaruhi oleh variabel lain diluar penelitian ini.
MEDIA PEMBELAJARAN BERBASIS TEKNOLOGI: APAKAH EFEKTIF DALAM MENINGKATKAN MOTIVASI DAN HASIL BELAJAR MAHASISWA PADA PERGURUAN TINGGI? Sulistyaningsih, Murni; Sartipa, Dewi; Sukini, Sukini; Julina, Sinta; Buana, Lilik Swarnata Angga; Pane, Saut
Jurnal Review Pendidikan dan Pengajaran Vol. 7 No. 4 (2024): Special Issue Vol. 7 No. 4 Tahun 2024
Publisher : LPPM Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/jrpp.v7i4.38573

Abstract

Penelitian ini bertujuan untuk menganalisis efektivitas media pembelajaran berbasis teknologi dalam meningkatkan motivasi dan hasil belajar mahasiswa di perguruan tinggi. Seiring dengan pesatnya perkembangan teknologi, penggunaan media pembelajaran berbasis teknologi seperti Learning Management System (LMS), aplikasi pembelajaran, dan video interaktif semakin populer dalam dunia pendidikan tinggi. Penelitian ini menggunakan metode studi literatur, dengan mengumpulkan dan menganalisis berbagai sumber literatur yang relevan mengenai penerapan teknologi dalam pendidikan. Hasil penelitian menunjukkan bahwa penggunaan media berbasis teknologi memiliki dampak positif terhadap motivasi belajar mahasiswa, karena memberikan kemudahan akses materi, meningkatkan interaksi, serta memungkinkan pembelajaran yang lebih fleksibel dan menarik. Selain itu, media teknologi juga terbukti dapat meningkatkan hasil belajar mahasiswa, terutama jika teknologi tersebut dirancang dengan baik dan disesuaikan dengan kebutuhan pembelajaran. Namun, faktor seperti keterampilan dosen, kesiapan mahasiswa, serta dukungan infrastruktur menjadi elemen penting yang memengaruhi efektivitas teknologi dalam pembelajaran. Penelitian ini juga menemukan bahwa meskipun teknologi dapat meningkatkan motivasi dan hasil belajar, tantangan seperti keterbatasan akses dan kesenjangan digital masih perlu diperhatikan untuk menjamin keberhasilan penerapan media berbasis teknologi dalam pendidikan tinggi.
The Role of Financial Literacy and Household Economic Resilience in Community Service Programs in the Era of Global Uncertainty Manap, Abdul; Buana, Lilik Swarnata Angga; Pane, Saut; Pujiningsih, Diana; Pujadi, Arko
Tirakat: Jurnal Terobosan Peduli Masyarakat Vol 3 No 2 (2026): May 2026
Publisher : PT. LITERASI SAINS NUSANTARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61100/j.tirakat.v3i2.343

Abstract

Global uncertainty driven by economic changes, inflation, and the rapid development of digital technology has affected household economic stability across various social groups. These conditions have made financial literacy and household economic resilience increasingly relevant topics in community service programs. This study aims to analyze the role of financial literacy and household economic resilience in community service programs while expanding references related to community service in the field of community economic empowerment. The study employed a literature review method using a descriptive qualitative approach. Data were obtained from Google Scholar and several credible websites covering publications from 1964–2026. The initial search identified 50 articles, which were then strictly screened, resulting in 29 main articles used as analytical sources. The findings indicate that financial literacy influences people’s ability to manage income, control expenditures, and respond to household economic risks in a more adaptive and sustainable manner.