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Contact Name
Muhammad Ridwan
Contact Email
bukharyahmedal@gmail.com
Phone
+6281375313465
Journal Mail Official
bukharyahmedal@gmail.com
Editorial Address
Komplek Jasari Muslim Jl. Perjuangan, Bandar Klippa, Percut Sei Tuan, Kabupaten Deli Serdang, Sumatera Utara 20371, Indonesia
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INDONESIA
Budapest International Research and Critics Institute-Journal (BIRCI-Journal): Humanities and Social Sciences
ISSN : 26151715     EISSN : 26153076     DOI : DOI: https://doi.org/10.33258/birci
Budapest International Research and Critics Institute (BIRCI-Journal) : Humanities and Social Sciences is a peer-reviewed journal published in February, May, August and November by Budapest International Research and Critics University Journal (BIRCU-Journal). BIRCI welcomes research papers in Humanities: Language and Linguistics, History, Literature, Performing Art, Philosophy, Religion, Visual Arts. Social Sciences: Economics, Anthropology, Sociology, Psychology, Geography, Culture and Ethics Studies, Gender and Sexuality Studies, Area Studies, Archaeology, and other related areas and it is published in both online and printed versions.
Articles 2 Documents
Search results for , issue "Vol 6, No 4 (2023): Budapest International Research and Critics Institute November, In Progress" : 2 Documents clear
Merger and Acquisition: Do They Really Creates A Synergy Effect? Gadis Arimbi Puspita; Irni Yunita
Budapest International Research and Critics Institute-Journal (BIRCI-Journal) Vol 6, No 4 (2023): Budapest International Research and Critics Institute November, In Progress
Publisher : Budapest International Research and Critics University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33258/birci.v6i4.7775

Abstract

As competition continues to intensify across various industry sectors, companies are compelled to formulate strategies to remain competitive. One commonly used strategy is expansion through Mergers and Acquisitions (M&A), which, in theory, should create synergy and added value for the company. This research aims to test the effects of post-merger synergy, specifically operational synergy tested using Sales Growth and Earnings Per Share (EPS), and financial synergy tested using Debt Equity Ratio (DER). The study examined 17 companies that underwent M&A during the years 2015-2019, with a testing period of 3 years before and after the events, divided into 12 quarters. The research results indicate no significant differences in the three variables. Meanwhile, the synergy level tests using Gain Score Analysis show that 58.82% of companies did not experience operational synergy, as tested using Sales Growth. Furthermore, 64.71% of companies did not experience operational synergy, as tested using Earnings Per Share (EPS). Additionally, 47.06% of companies did not experience financial synergy, as tested using Debt Equity Ratio (DER).
Study on Development of Virgin Coconut Oil Agroindustry System in North Sulawesi, Indonesia Herry Frits Pinatik; I Ketut Satriawan; Dwi Putra Darmawan; I Wayan Widia
Budapest International Research and Critics Institute-Journal (BIRCI-Journal) Vol 6, No 4 (2023): Budapest International Research and Critics Institute November, In Progress
Publisher : Budapest International Research and Critics University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33258/birci.v6i4.7769

Abstract

The development of virgin coconut oil (VCO) agro-industry products has been studied. Research objectives are; 1). Analyzing the added value of VCO processing agroindustry on the scale of UMKM in North Sulawesi Province 2). Determining the factors that influence the added value. This study uses the Hayami value added analysis method. The results of the study found that for every use of 1 kg of raw coconut meat processed into VCO products, UMKM business actors received a profit of Rp. 19.771.71, meaning that from agricultural activities in processing VCO products, UMKM actors get a significant economic value added. The conclusions of this study are: 1). Analysis of the added value of the Virgin Coconut Oil (VCO) agroindustry in North Sulawesi, the output value is Rp. 31,428.57/liter, the added value generated is Rp. 21,428.57, - with a ratio of 68.18%, labor compensation work amounting to Rp 1,656.86/liter or 7.73%, and a profit margin of Rp 21,428.57/liter or 92.27%; 2). The factors that influence the added value are raw materials, product prices, labor coefficient, conversion factors and the average wage of labor.

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