Indikator: Jurnal Ilmiah Manajemen & Bisnis
INDIKATOR is a scientific journal of management and business published three times a year in January, April and August. The journal scope and focus are human resource management, marketing and finance.
Articles
266 Documents
<![CDATA[The Effect of Price, Product Quality and Service Quality Analysis at Jelly Potter Palsigunung Branch ]]>
<![CDATA[Dewi Panca Lestari Wijaya]]>
<![CDATA[ Indikator: Jurnal Ilmiah Manajemen dan Bisnis Vol 7, No 1 (2023) ]]>
Publisher : <![CDATA[Universitas Mercu Buana ]]>
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DOI: 10.22441/indikator.v7i1.17193
<![CDATA[This study aims to analyze the effect of Price, Product Quality and Service Quality on customer satisfaction at Jelly Potter Palsigunung branch. The population of this research is the customers at Jelly Potter Palsigunung branch. The sample were 100 customers, calculated based on the Djarwanto and Subagyo formula. Sampling method using accidental sampling. This research used survey methods, with the research instrument is a questionnaire. The data analysis method uses Statistical Program Social Scientist (SPSS) version 20. The result showed that price has a positive and significant effect on customer satisfaction, product quality has a positive and significant effect on customer satisfaction, and Service Quality has a positive and significant effect on customer satisfaction.]]>
<![CDATA[Effect of Liquidity, Solvency, Profitability and Market Ratio on Stock Price ]]>
<![CDATA[Rivi Suci Fahriyana]]>;
<![CDATA[Sari Puspitarini]]>
<![CDATA[ Indikator: Jurnal Ilmiah Manajemen dan Bisnis Vol 7, No 1 (2023) ]]>
Publisher : <![CDATA[Universitas Mercu Buana ]]>
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DOI: 10.22441/indikator.v7i1.17876
<![CDATA[The purpose of this study was to analyze and examine the effect of Liquidity Ratio (CR), Solvency Ratio (DER), Profitability Ratio (ROE) and Market Ratio (EPS) on Stock Prices in Manufacturing Companies in the Food and Beverage Sub-Sector Listed on the Indonesia Stock Exchange Period 2016-2020. Investors or potential investors must analyze the stock price first so that there are no mistakes when investing because the movement of a company's stock price cannot be easily predicted. So it is necessary to know what things can affect stock prices. The data in this study were obtained from the financial statements of 14 manufacturing companies in the food and beverage sub-sector with secondary data collection techniques using panel data regression with eviews 10 software. The results of the study showed that CR, DER, and ROE had a positive effect and did not have a significant effect. to stock prices. While the EPS variable has a positive and significant effect on stock prices]]>
<![CDATA[The Effect of Financial Literacy and Income on Investment Decisions ]]>
<![CDATA[Agus Yulianto]]>
<![CDATA[ Indikator: Jurnal Ilmiah Manajemen dan Bisnis Vol 7, No 1 (2023) ]]>
Publisher : <![CDATA[Universitas Mercu Buana ]]>
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DOI: 10.22441/indikator.v7i1.17331
<![CDATA[This research is a quantitative research with descriptive analysis which aims to determine the effect of financial literacy and income on investment decisions. Good financial financial literacy can help in investment decisions from illegal investments or fraudulent investment portals and thus income becomes a benchmark for the ability to make the best investment decisions for the future. In this study the population is the number of permanent employees at PT. Indotech Scientific with 30 research respondents. Data collection is done by distributing google forms to respondents. The research technique uses non-probability sampling through a purposive sampling approach. In data analysis assisted by using SPSS version 25 . This research applies to multiple regression analysis, t test, F test and coefficient of determination to test financial literacy and income on investment decisions. Based on statistical tests that have been carried out, it is found that financial literacy and income have a positive and significant effect on investment decisions for employees of PT. Indotech Scientific]]>
<![CDATA[Horizontal Financial Ratio Analysis to Estimate the Chronological Period of Financial Difficulties at PT Garuda Indonesia 2013-2021 ]]>
<![CDATA[Teti Chandrayanti]]>;
<![CDATA[Rizka Hadya]]>
<![CDATA[ Indikator: Jurnal Ilmiah Manajemen dan Bisnis Vol 7, No 1 (2023) ]]>
Publisher : <![CDATA[Universitas Mercu Buana ]]>
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DOI: 10.22441/indikator.v7i1.17987
<![CDATA[PT Garuda Indonesia is one of the state-owned companies experiencing financial distress because of complex. Financial distress condition can be analyzed based on financial statements. This article aims to investigate the financial performance of the company by using horizontal analysis of financial ratio to estimate chronological period of financial difficulties at PT Garuda Indonesia in 2013-2021. Financial distress that is not managed properly will effect to bankrupt condition. This study uses financial ratio that are liquidity ratio, solvability ratio, and profitability ratio to evaluate the financial distress condition of PT Garuda Indonesia. Data was obtained from financial position statement and income statement. The results of research shown that In 2013 the company has experienced illiquid continuously until 2021. This is an early signal of financial difficulties occurring. In 2014, there was an insolvency until the end of the analysis year. Losses occurred in 2014, but the next 2 years experienced gains. Continuous losses occurred from 2017 to 2021. Illiquid, insolvency, and losses aggravated the condition of financial difficulties so that PT Garuda is currently in a insolvency bankrupt condition. Professional and integrated financial management is needed so that problems can be resolved immediately.]]>
<![CDATA[Comparison Analysis Between Accuracy of CAPM and APT Models in Predicting Return of IDX-30 Stocks during Covid-19 Pandemic ]]>
<![CDATA[Siji Jati Sindhuarta]]>;
<![CDATA[Ricky Albert Husni]]>;
<![CDATA[Tumpal Samosir]]>
<![CDATA[ Indikator: Jurnal Ilmiah Manajemen dan Bisnis Vol 7, No 1 (2023) ]]>
Publisher : <![CDATA[Universitas Mercu Buana ]]>
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DOI: 10.22441/indikator.v7i1.15992
<![CDATA[This study is done to analyze and compare the accuracy of Capital Asset Pricing Model (CAPM) and Arbitrage Pricing Theory (APT) Model in predicting stocks’ actual return. The purpose of the study is to find the discrepancy of accuracy of CAPM and APT models in predicting company stocks’ return registered in IDX-30 index from Indonesian Stock Exchange from January 2020-2022. The period is chosen because of the Covid-19 pandemic in Indonesia. The chosen stocks are the stocks which have positive return, never leave the index, never have any changes in stocks’ amount in major and minor evaluation, never do stock split, and have routine dividend payout along the study’s period. The result is there is a significant difference between CAPM and APT models in predicting the actual return based on the result from t-test independent samples. Observed from the Mean Absolute Deviation (MAD) of the two models, CAPM model MAD is smaller than those from APT model, thus CAPM is the more accurate model in calculating return form IDX-30 stocks from January 2020-2022.]]>
<![CDATA[The Determinants of Firm’s Value through Intellectual, Capital, Debt Policy, and Business Risk ]]>
<![CDATA[Siti Nurhikmah]]>;
<![CDATA[Raeesah Shalsabila Anjani Prameswary]]>
<![CDATA[ Indikator: Jurnal Ilmiah Manajemen dan Bisnis Vol 7, No 1 (2023) ]]>
Publisher : <![CDATA[Universitas Mercu Buana ]]>
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DOI: 10.22441/indikator.v7i1.17597
<![CDATA[This study examines and analyzes the effect of debt policy, intellectual capital, and business risk on firm value in food and beverage sub-sector companies listed on the Indonesia Stock Exchange for the 2015-2020 period. The independent variables used in this study are debt policy, intellectual capital, and business risk. Moreover, the dependent variable used in this study is firm value. The data used in this study is secondary data in the form of financial statements of each sample company reported to the IDX from 2015-2020. The sample in this study consisted of 12 food and beverage companies listed on the Indonesia Stock Exchange (IDX) for the 2015-2020 period. Sampling was done by using the purposive sampling method. The data analysis used in this Research is the panel data regression method with the help of Eviews version 10 software. The results of this study state that debt policy has a positive and significant effect on firm value in food and beverage companies. Intellectual capital positively and significantly affects firm value in food and beverage companies. At the same time, business risk has a positive but insignificant effect on company value in food and beverage companies.]]>
<![CDATA[The Effect of Overconfidence Bias and Representativeness Bias on Investment Decision With Risk Tolerance as Mediating Variable ]]>
<![CDATA[Yessi Rianita Sihombing]]>;
<![CDATA[Raeesah Shalsabila Anjani Prameswary]]>
<![CDATA[ Indikator: Jurnal Ilmiah Manajemen dan Bisnis Vol 7, No 1 (2023) ]]>
Publisher : <![CDATA[Universitas Mercu Buana ]]>
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DOI: 10.22441/indikator.v7i1.18396
<![CDATA[This research is intended to determine the effect of overconfidence bias and representative bias on investment decisions with risk tolerance as a mediating variable. The object of this research is investors who invest in the Indonesian Capital Market. The technique of collecting data is by using a questionnaire through online media and a literature study with the criteria of active investors with a sample of 200 investors. Data analysis in this study uses an alternative method of Structural Equation Modeling (SEM) version 3.0. The first stage in this research is to test the validity of each variable's questions along with their reliability. The second stage examines the relationship between overconfidence bias and representativeness bias on investment decisions with risk tolerance as a mediating variable. The results of this study indicate that the overconfidence bias variable and the representative bias have a significant positive effect on investment decisions either directly or through the mediating risk tolerance variable.]]>
<![CDATA[Banking against Global Economic Crisis: Comparison of Covid-19 Pandemic and 2008 Recession ]]>
<![CDATA[Putri Andari Ferranti]]>;
<![CDATA[Riska Rosdiana]]>;
<![CDATA[Indra Raharja]]>
<![CDATA[ Indikator: Jurnal Ilmiah Manajemen dan Bisnis Vol 7, No 1 (2023) ]]>
Publisher : <![CDATA[Universitas Mercu Buana ]]>
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DOI: 10.22441/indikator.v7i1.16998
<![CDATA[In the last twenty years, there has been two major global economic crises in Indonesia with very different origin, the 2008 global financial crisis was induced by failure of international banks while the 2020 global pandemic crisis was induced by economic slowdown due to worldwide infectious disease. Previous researches implied that the financial crisis had more tendency to deplete capital without slowing down credit distribution thus facing bigger risk of illiquidity while it had the opposite effect on the pandemic crisis where banks withhold their capital too much and distributed too little leading to less profitability. We found that the persistence of changes of CAR, LDR, NPL, and ROA as capital, liquidity, and profitability measures during both crises don’t differ significantly. Keywords: Banking, pandemic, economic crisis. ]]>
<![CDATA[The Effect of Dividend Policy, Debt Policy and Investment Decisions on Firm’s Value ]]>
<![CDATA[Mega Octaviany]]>;
<![CDATA[Sari Puspitarini]]>
<![CDATA[ Indikator: Jurnal Ilmiah Manajemen dan Bisnis Vol 7, No 1 (2023) ]]>
Publisher : <![CDATA[Universitas Mercu Buana ]]>
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DOI: 10.22441/indikator.v7i1.17762
<![CDATA[This research aims to analyze the effect of Dividend Policy, Debt Policy and Investment Decisions on Firm Value. The population in this research are Property and Real Estate sub-sector companies listed on the Indonesia Stock Exchange (BEI) for the period 2014-2020. The sample used in the research was eight companies with the sample selection method of data collection using the documentation method in the form of secondary data obtained from the Indonesia Stock Exchange website and the company annual report. The sample used in the research was 8 (Eight) companies with the sample selection method using purposive sampling. The method of data collection using the documentation method in the form of secondary data on financial statements for the period 2014-2020 obtained from the company website and the Indonesia Stock Exchange website (BEI). The data analysis method uses a Fixed Effect Model with an Ordinary Least Square through the statistical program Eviews 10. The result of this research indicated that Dividend Policy (DPR) has an insignificant negative effect on Firm Value, Debt Policy (DER) has no significant positive effect on Firm Value and Investment Decisions (PER) have an insignificant negative effect on Firm Value]]>
<![CDATA[High Performance Work Systems (Hpws) and Employee Satisfaction ]]>
<![CDATA[Damaro Olusoji Arubayi]]>
<![CDATA[ Indikator: Jurnal Ilmiah Manajemen dan Bisnis Vol 7, No 1 (2023) ]]>
Publisher : <![CDATA[Universitas Mercu Buana ]]>
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DOI: 10.22441/indikator.v7i1.18405
<![CDATA[The study examined the influence of a high-performance work system on employee satisfaction. The study mainly covered three selected companies in Delta State: Hallmark Business Solutions, Kleekit and Unicus. Four research questions were posed, from which the study objectives and hypotheses were derived. The cross-sectional research design was adopted for the study. The structured questionnaire was used as the main instrument of data collection while Yamane's formula was used to determine the sample size and the simple random sampling technique was utilized for selecting the samples from the population and simple percentage, frequency distribution table, mean and Pearson product-moment correlation statistical techniques were used to analyze the generated data. Findings showed that there is no significant relationship between selective hiring and employee satisfaction and there is no significant relationship between high results-based competition and employee satisfaction. The study further found that there is a significant relationship between training by the commitment and employee satisfaction and that there is a significant relationship between sharing key information and employee satisfaction. Following the findings, the study recommends that every organization should provide relevant training to its employees over time as this will enables employees to acquire needed skills and capabilities that enhance their confidence and level of satisfaction in an organization. The study also recommends that the management of every organization should provide compensation to employees based on exceptional or significant performance and organizations should eliminate or minimize the element of selective hiring from their high-performance work system. Finally, the study recommends that efforts should be made by organizations to boost employee satisfaction through modern mechanisms of employee-focused administration and management.]]>
