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PENENTUAN PORTOFOLIO OPTIMAL DENGAN MENGGUNAKAN SINGLE INDEX MODEL SEBAGAI ANALISIS SAHAM-SAHAM LQ45 (STUDI KASUS PADA BURSA EFEK JAKARTA) herdiyana, Herdiyana
JIMFE (Jurnal Ilmiah Manajemen Fakultas Ekonomi) Vol 1, No 1 (2009): Vol. 1 No.1 2009
Publisher : Universitas Pakuan

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AbstractIn allocating fund or investment, an investor either asindividual or institution always confronts return and risk. Arational investors will focus their attention to (1) highestreturn with certain risk or (2) certain risk with low risk.Both conditions represent the optimal investment. One wayto reduce risk is by constructing portfolio, because by doingso, the risk can be diversified or spread among securitiesselected in the portfolio. The principle of Dzdon’t put your alleggs into one basketdz is the basic idea of investors inpracticing their investment. One of the model which can beused to determine or analyze securities in order to obtainthe optimal portfolio is single index model.This research is aimed to learn, analyze and conclude:(1) determination of stocks in LQ45 which are selected toconstruct the optimal portfolio optimal by using single indexmodel; (2) determination of fund allocation, calculatereturn and risk of optimal portfolio that will be earned byinvestor from selected stocks in optimal portfolio by usingsingle index mode.The research concludes: (1) By using single indexmodel procedure which are ERB ratio and cutoff rate, sevenstocks are selected to construct the optimal portfolio whichinclude AALI, INCO, CMNP, UNSP, LSIP, SMRA, and BNGA;(2) The proportion of fund allocation for each stock are asfollow: 28,27% in AALI, 16,43% in INCO, 12,04% in CMNP,13,96% in UNSP, 10,80% in LSIP, 14,35% in SMRA and4,16% in BNGA. Portfolio return earned by investors if theyinvested their fund in those seven stocks with the proportionas mentioned earlier is 41,29%. The possible risk that theinvestors can receive is measured by standard deviation ofportfolio which is 1, 52.Key words : Single Index Model : Excess Return to Beta,Cutoff Rate, Portfolio Return and Risk..
EVALUASI KINERJA OPERASIONAL PUSAT PELAYANAN KESEHATAN MASYARAKAT DI KOTA BOGOR Herdiyana, Herdiyana
JIMFE (Jurnal Ilmiah Manajemen Fakultas Ekonomi) Vol 2, No 2 (2016): VOLUME 2 NO 2 TAHUN 2016
Publisher : Universitas Pakuan

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Abstrak Tujuan dari penelitian ini adalah untuk mengidentifikasi faktor-faktor lingkungan yang paling penting yang menyebabkan ragam pada  kinerja Pusat Pelayanan Kesehatan Masyarakat  (Puskesmas), mengukur efisiensi relatif Puskesmas umum di sektor publik menggunakan DEA, dan memeriksa intensitas dampak faktor-faktor lingkungan terhadap efisiensi relatif Puskesmas. Metode analisis data yang akan diterapkan adalah Data Envelopment Analysis (DEA), terdiri dari analisis kuantitatif dan analisis kualitatif. Hasil pengukuran efisiensi relatif Puskesmas umum di sektor publik menggunakan DEA model BCC (asumsi VRS) orientasi input dan output diperoleh dari enam Puskesmas di Kota Bogor, terdapat 4 Puskesmas yang masuk dalam kategori Puskesmas efisien (Achieved 100%), diantaranya Puskesmas Bogor Timur, Puskesmas Kayu Manis, Puskesmas Bogor Selatan dan Puskesmas Tanah Sareal. Untuk Puskesmas yang tergolong dalam Puskesmas inefisien diantaranya adalah Puskesmas Warung Jambu (Achieved 91,16%) dan Puskesmas Sempur (Achieved 93,75%).  Kata kunci: Faktor Lingkungan, Puskesmas, Efisiensi Kinerja, Data Envelopment Analysis (DEA)
ANALISIS PENGARUH STOCK SPLIT TERHADAP HARGA SAHAM PADA PERUSAHAAN GO PUBLIC DI BURSA EFEK INDONESIA (PERIODE 2007 S.D. 2011) Nasution, Yan Noviar; Herdiyana, Herdiyana
JIMFE (Jurnal Ilmiah Manajemen Fakultas Ekonomi) Vol 4, No 2 (2012): Vol 4, No 2 (2012)
Publisher : Universitas Pakuan

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ABSTRACT Stock splits is cosmetic or the actions are not has an economic of value that should not change the stock price. However some researchers conclude that stock splits has a significant influence on stock price changes. stock splits performed on the basis of two theories. According to the Trading Range Theory, stock prices High is the driving force for the company to conduct a stock splits with the hope to increasing the liquidity of stock trading, placing these shares at the optimal trading range will cause the more investors who invest. Signaling theory states that stock splits is a carrier of information about the performance and prospects companies to the market. This study aims to obtain empirical about evidence the impact of stock splits on stock prices relative The research data was taken from the 30 companies in Indonesia Stock Exchange who doing stock splits during the years 2007 until 2011. Stock price data of each company for five days before and five days after the stock splits. Analysis techniques are used to test the hypothesis is Wilcoxon Signed Ranked Test (Wilcoxon Signed Rank Test) with a confident level of 95 percent (α = 0.05). Based on the analysis has been carried out on 30 issuers for five days before and five days after the stock splits in the year 2007-2011 in Indonesia Stock Exchange can be concluded that based on test results, either per issuer or average and overall, it showed there is a different of stock prices relative before and after stock splits. Key words: Solving stock, Signaling theory, Trading range theory
PENGARUH HASIL ANALISIS FUNDAMENTAL TERHADAP RETURN SAHAM PT RAMAYANA LESTARI SENTOSA TBK herdiyana, Herdiyana; Kartika, Kartika
JIMFE (Jurnal Ilmiah Manajemen Fakultas Ekonomi) Vol 1, No 1 (2015): Vol 1 No 1 Tahun 2015
Publisher : Universitas Pakuan

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ABSTRACTThe company can be knowledge have a good fundamentals if the company has current assets that are notbloated and mediocre sales, total assets and total capital is greater than the total debt, and the value ofEarning Per Share has a positive growth over the last five years. The higher the earning per share, thehigher the stock price. This contrasts with the fact that of the PT Ramayana Lestari Sentosa, Tbk becausethe company has current assets increased growth while the sales growth rate decreased in the period2008-2009. The method used in this research is explanatory survey. The study states that the resultsobtained in the Current Ratio and Debt to Equity Ratio, due to the variable multikolinearitas problemoccurs during testing. Total Asset Turnover and Net Profit Margin partially influence on stock prices.Total Asset Turnover partial effect on stock returns, while Net Profit Margin partially no effect on stockreturns. Simultaneously Total Asset Turnover and Net Profit Margin is the result of fundamental analysisinfluence on stock prices and stock returns.Keywords: Current Ratio, Debt to Equity Ratio, Total Asset Turnover, Net Profit Margin, Stock Price,Dividend Yield.
FINANCIAL PERFORMANCE IN VALUE IN THE AUTOMOTIVE SECTOR AND COMPONENTS GO PUBLIC IN INDONESIA Herdiyana, Herdiyana; Setiawan, Nelly
JIMFE (Jurnal Ilmiah Manajemen Fakultas Ekonomi) Vol 2, No 1 (2016): VOL 2, NO 1 2016 EDISI 2
Publisher : Universitas Pakuan

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ABSTRAKPenelitian ini bertujuan untuk mengetahui pengaruh nilai kinerja keuangan perusahaan secara bersama-sama. Kinerja keuangan diukur dengan menggunakan Total Debt to Equity Ratio Total (DER), Total Debt to Total Asset Ratio (DAR), Net Profit Margin (NPM) dan Return on Assets (ROA). Jangka waktu penelitiandari 2009-2013. Metode analisis yang digunakan adalah analisis kuantitatif dengan menggunakan analisis regresi linier berganda. Penelitian ini menyatakan bahwa uji t menunjukkan DER dan DAR tidak berpengaruh pada nilai perusahaan, tetapi ROA t hitung > t tabel (-3.233 <-1,697) dengan signifikansi 0,003 <0,05 dan NPM t> t tabel (2.788> 1,697) dengan signifikansi 0,009 <0,05 sehingga dapat meramalkan nilai perusahaan ROA dan NPM (Price to Book value) yang tepat. Sementara pengujian hipotesis menggunakan uji F menunjukkan bahwa DER, DAR, ROA, dan NPM secara simultan atau bersama-sama mempengaruhi nilai perusahaan (Price to Book value), karena nilai F hitung> F tabel (3.827> 2,69) dengan signifikansi 0,013 <0,05. koefisien determinasi (R Square) dari 0338 ATAU 33,8% hasil ini menunjukkan bahwa variasi Price to Book value (PBV) dapat dijelaskan oleh nilai DER, DAR, ROA, dan NPM 33,8% sedangkan sisanya 66,2% (100% - 33,8%) dijelaskan oleh variabel lain yang tidak termasuk dalam model.Kata kunci: DER, DAR, ROA, NPM, and Price to Book Value.
ANALISIS FUNDAMENTAL TERHADAP HARGA SAHAM DALAM MENARIK INVESTOR PADA PT. BAKRIE TELECOM, Tbk. Herdiyana, Herdiyana; Sinaga, Rosianna
JIMFE (Jurnal Ilmiah Manajemen Fakultas Ekonomi) Vol 3, No 1 (2011): Vol 3, No 1 (2011)
Publisher : Universitas Pakuan

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ABSTRAK Salah satu analisis yang dapat digunakan oleh investor untuk mengetahui bagaimana kinerja suatu perusahaan adalah analisis fundamental. Analisis fundamental adalah salah satu teknik analisis yang dipergunakan agar dapat memilih saham yang memberikan return yang baik sehingga investor dapat memperoleh nilai tambah dalam investasinya tanpa mengalami kerugian. Indikator yang dilihat oleh investor dalam laporan keuangan suatu perusahaan antara lain nilai saham, nilai penjualan, laba dan laba per lembar perusahaan yang akan dijadikan wahana investasinya. Indikator-indikator tersebut mencerminkan kinerja suatu perusahaan. Hasil penelitian berdasarkan analisis rasio saham dengan menggunakan pengukuran Earning Per Share (EPS), Price Earning Ratio (PER) dan Price Book Value (PBV), kondisi perusahaan cenderung mengalami penurunan, hanya pada tahun 2007 saja yang nilainya paling baik. Kondisi perusahaan berdasarkan analisis profitabilitas dan rasio saham tersebut ternyata sejalan dengan hasil perhitungan EVA, dimana dinilai EVA dari tahun 2006, 2008 dan 2009 negatif, hanya tahun 2007 yang positif. Dengan demikian dapat disimpulkan bahwa PT Bakrie Telecom Tbk memiliki kinerja perusahaan yang relatif kurang baik. Hasil analisis dengan CAPM menunjukkan risiko dari tahun 2006 – 2009 setiap tahunnya selalu meningkat. Sedangkan return atau tingkat pengembalian perusahaan setiap tahunnya cenderung mengalami penurunan, bahkan pada tahun 2008 nilainya negatif. Dengan demikian kinerja saham perusahaan relatif kurang baik. K ata kunci: Analisis fundamental dan harga saham.
STUDI KEPUTUSAN PEMBELIAN KONSUMEN BERDASARKAN LOYALITAS MEREK herdiyana, Herdiyana; Simamora, Patar
JIMFE (Jurnal Ilmiah Manajemen Fakultas Ekonomi) Vol 2, No 1 (2010): Vol.2 No.1 2010
Publisher : Universitas Pakuan

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ABSTRAKLoyalitas merek merupakan suatu konsep yang sangat penting,khususnya pada kondisi pasar dengan tingkat pertumbuhan yang sangatrendah, namun tingkat persaingannya sangat ketat saat ini. Sehinggakeberadaan konsumen yang loyal pada merek sangat dibutuhkan agarperusahaan dapat bertahan dalam dunia bisnis. Keputusan pembelianmerupakan sutu pemilihan tindakan dari dua atau lebih pilihan alternatifyang didapatkan untuk membeli atau tidak membeli, maka dengankondisi seperti ni konsumen berada pada posisi untuk membuat suatukeputusan.Hasil analisis regresi menghasilkan persamaan Y = 32,428 +0,682X, dimana hasil ini dapat diartikan, jika nilai loyalitas merek adalah1 maka keputusan pembelian akan meningkat sebesar 0,682. Sedangkankoefisien korelasi antar kedua variabel adalah 0,829 yang berarti bahwaterjadi hubungan yang kuat dan positif antara loyalitas merek dengankeputusan pembelian konsumen. Dari hasil perhitungan koefisiendeterminasi, dapat diketahui bahwa loyalitas merek memilki kontribusisebesar 68,72% dalam mempengaruhi keputusan pembelian konsumen,dan sisanya sebesar 31,28 dipengaruhi oleh faktor-faktor lainnya yangdapat mempengaruhi keputusan pembelian konsumen seperti promosidan saluran distribusi.Kata kunci : Loyalitas Merek, Keputusan Pembelian Konsumen.
INFLASI, TINGKAT BUNGA, DAN HARGA SAHAM herdiyana, Herdiyana
JIMFE (Jurnal Ilmiah Manajemen Fakultas Ekonomi) Vol 3, No 1 (2017): Volume 3 No. 1 Tahun 2017
Publisher : Universitas Pakuan

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ABSTRAKTujuan dari penelitian ini adalah untuk mengetahui hubungan antara inflasi dengan suku bunga, serta pengaruh inflasi dan suku bunga secara parsial dan simultan terhadap IHSG. Penelitian yang dilakukan merupakan penelitian kuantitatif atau pengujian hipotesis. Objek dalam penelitian ini yaitu tingkat inflasi, tingkat suku bunga dan Indeks Harga saham Gabungan (IHSG). Periode penelitian yaitu dari tahun 2010 sampai 2015. Data yang digunakan merupakan data sekunder yang dikumpulkan secara elektronik. Metode analisis menggunakan regresi linier berganda dengan pengujian hipotesis uji statistik t dan uji statistik F. Hasil penelitian menunjukkan bahwa: 1) antara inflasi dengan suku bunga terdapat hubungan yang signifikan; 2) antara inflasi dan suku bunga yang memiliki pengaruh signifikan terhadap IHSG adalah suku bunga. Namun secara simultan, kedua variabel tersebut berpengaruh signifikan terhadap IHSG. Kata Kunci: Inflasi, Tingkat Suku Bunga, dan Indeks Harga Saham Gabungan
ANALISIS KINERJA KEUANGAN PERUSAHAAN YANG TERMASUK DALAM KELOMPOK INDEKS LQ 45 DAN JII DENGAN MENGGUNAKAN ROE DAN ROA PADA BURSA EFEK INDONESIA TAHUN 2010 Nasution, Yan Noviar; Herdiyana, Herdiyana
JIMFE (Jurnal Ilmiah Manajemen Fakultas Ekonomi) Vol 3, No 2 (2011): Vol 3, No 2 (2011)
Publisher : Universitas Pakuan

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This Research is entitled “The Analysis of the Financial Performance Companies which Included in group  an index to LQ 45 And JII by using ROE and ROA  at Indonesia  Stock Exchange in the Year of 2010”. As for target of this research to know the difference between the mean of Return Equity on ( ROE) and Return On Assets ( ROA) of the public companies is merged into go to group of LQ 45 which have large asset and LQ 45 which have small asset, of the public companies is merged into go to group of JII which  have large asset and JII which have small asset, and of the public companies is merged into go to group of LQ 45 which have large asset and JII which  have large asset and also of the public companies is merged into go to group of LQ 45 which have small asset and JII which  have small asset and of the public companies is merged into go to group of LQ 45 which have large asset and JII which  have small  asset and also of the public companies is merged into go to group of LQ 45 which have small asset and JII which  have large asset .The research method used is case study of the public companies which is merged into go to group of LQ 45 and JII ( Jakarta Islamic Index ) which are listed in Indonesia Stock Exchange. Analysis of the different test using the criteria of asset ownership, meaning the companies split in two groups of assets, the company went public that beraset beraset small and large. Where restrictions on the size of a company, obtained from the calculation of the average assets held by the sample firms went public in each group of assets While companies taken as sample is companies which enlist in two period of the announcement of Indonesia Stock Exchange or one full  year of (2010) and data used in this research is data of secondary in Web IDX.Based on the hypothesis test results concluded that there are significant differences between the ROA average of the public companies is merged into go to group of LQ 45 which have large asset with  the average ROA of the public companies is merged into go to group of JII which have large asset or which have small asset. As well as that there are significant difference between the average the ROA of the public companies is merged into go to group of JII which have large asset with the average the ROA of the public companies is merged into go to group of JII which have small asset.  While for the group of LQ45 index  there is no significant difference between the ROA average of the public companies is merged into go to group of LQ 45 which have large asset with the ROA average of the public companies is merged into go to group of LQ 45 which have small asset. Meanwhile, for the ROE average in general there is no significant difference between of the public companies is merged into go to group of LQ 45 or  the group of  JII, except between the ROE average of the public companies is merged into go to group of LQ 45 which have large asset with  the average ROE of the public companies is merged into go to group of JII which  have large asset.
PENINGKATAN POTENSI USAHA MIKRO KECIL BIDANG KULINER MELALUI STRATEGI PEMASARAN, KEUANGAN, DAN PERIZINAN Mutiara Puspa Widyowati; Haqi Fadillah; Herdiyana Herdiyana
Rural Development For Economic Resilience (RUDENCE) Vol. 1 No. 2 (2022): Vol. 1 No. 2 (2022)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Pakuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53698/rudence.v1i2.22

Abstract

ABSTRAK Tujuan kegiatan ini adalah meningkatkan potensi para pelaku usaha mikro kecil atau usaha rumahan dalam hal pembuatan strategi pemasaran, perhitungan harga pokok produksi, dan pengajuan perizinan usaha makanan. Sasaran kegiatan ini adalah para pelaku usaha binaan Dapur Lokal Indonesia Untuk Sesama (DLIUS) yang rata-rata adalah ibu-ibu rumah tangga yang baru memulai bisnis dalam bidang kuliner. Kegiatan pengabdian dilakukan melalui kegiatan transfer ilmu pembuatan strategi pemasaran yang tepat, perhitungan harga pokok penjualan, dan prosedur pengajuan perizinan produk makanan. Luaran dari kegiatan ini adalah peningkatan pengetahuan para mitra DLIUS sehingga mampu menentukan target pasar sampai membuat media pemasaran, mampu menghitung harga pokok penjualan dengan tepat, dan mampu mengurus legalitas produk makanannya. Selain itu, untuk membantu para pelaku usaha mikro lainnya yang lebih luas luaran kegiatan ini berupa buku panduan pemasaran, keuangan, dan perizinan untuk usaha kecil, serta buku berupa panduan dan templat perhitungan harga pokok penjualan.   ABSTRACT The purpose of this activity is to increase the potential of micro and small business actors or home businesses in terms of making marketing strategies, calculating the cost of production, and applying for food business licenses. This potential increase is carried out through knowledge transfer activities in making the right marketing strategy, calculating the cost of goods sold, and applying for food product licensing procedures. The output of this activity is an increase in the knowledge of DLIUS partners so that they are able to determine the target market to create marketing media, be able to calculate the cost of goods sold correctly, and be able to take care of the legality of their food products. In addition, to assist other micro-enterprises, the output of this activity is in the form of marketing, finance, and licensing guidebooks for small businesses, as well as books in the form of guides and templates for calculating the cost of goods sold.