Articles
86 Documents
<![CDATA[The effect of investment and financing decision, dividend policy and cost of capital on Indonesian firm value ]]>
<![CDATA[Rindi Hariyanur]]>;
<![CDATA[Ratna Septiyanti]]>;
<![CDATA[Agus Zahron Idris]]>
<![CDATA[ Asian Journal of Economics and Business Management Vol. 1 No. 2 (2022): Asian Journal of Economics and Business Management (AJEBM) ]]>
Publisher : <![CDATA[Lighthouse Publishing ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (411.591 KB)
|
DOI: 10.53402/ajebm.v1i2.121
<![CDATA[This study aims to determine whether there is a relationship between investment decisions, funding decisions, dividend policies and the cost of capital with firm value. Business developments in the current era have made very significant progress which has made the competition increasingly fierce so that companies are required to be able to compete in order to survive and achieve company goals. To reduce errors in making decisions, companies need to pay attention to factors that can affect the value of the company. However, this topic is still being debated because some previous research results have different results. This study uses secondary data with a population of companies in the consumer goods industry sector and the agricultural industry sector listed on the Indonesia Stock Exchange from 2011 to 2020, the data obtained through the documentation method. The method used is purposive sampling and multiple linear regression analysis to determine the effect of the independent variable on one dependent variable that has a positive or negative relationship. The results showed that investment decisions, funding decisions, dividend policy and the cost of capital simultaneously have a significant effect on firm value. Partially, investment decisions and funding decisions have no significant effect on firm value, while dividend policy has a significant negative effect and the cost of capital has a significant positive effect on firm value. This finding shows that, in contrast to investment and funding decisions, which have not been able to directly or indirectly increase firm value, financial decisions involving dividend policies and the cost of capital can help companies achieve their longterm goals which are expected to be used as information material in decision making invest. The limitation of this research is that the sample used is only companies in the consumer goods industry and agriculture listed on BEI so that the results of the study cannot be generalized. it is recommended to use samples other than the two sectors so that the research results can be generalized, so as to provide more appropriate and comprehensive research results.]]>
<![CDATA[The effect of intellectual capital, dividend policy, and capital structure on financial performance (Study in food and beverage subsector listed on the Indonesia Stock Exchange 2010-2020 period) ]]>
<![CDATA[Ayu Mona Rasuani]]>;
<![CDATA[Mahatma Kufepaksi]]>
<![CDATA[ Asian Journal of Economics and Business Management Vol. 1 No. 2 (2022): Asian Journal of Economics and Business Management (AJEBM) ]]>
Publisher : <![CDATA[Lighthouse Publishing ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (317.932 KB)
|
DOI: 10.53402/ajebm.v1i2.174
<![CDATA[This study aims to determine the effect of intellectual capital with components consisting of VACA, VAHU and STVA, dividend policy and capital structure on financial performance. In the era of industrial globalization, the company's ability to become a benchmark to describe the company's financial condition. The importance of financial performance is to see how the company achieves its goals to gain profits and prosper the company's economy. Based on the results of previous studies, there are inconsistencies in proving variables that can affect financial performance. This study uses secondary data from the food and beverage sub-sector population listed on the IDX for 2010-2020. The method used in this study uses purposive sampling and multiple linear regression models to test the effect of the independent variable on the dependent variable. Based on the research results, the independent variables that significantly positively affect financial performance are STVA (Structural Capital Value Added) and DPR (Dividend Payout Ratio). In contrast, the variable that has a significant but negative or opposite effect is LDER (Long Debt Equity Ratio). Variables VACA (Value Added Capital Employed) and VAHU (Value Added Human Capital) do not affect financial performance. This study suggests using a broader object and not only focusing on the food and beverages subsector.]]>
<![CDATA[The effect of environmental performance, environmental costs, and company size on financial performance through corporate social responsibility ]]>
<![CDATA[Evelyn]]>;
<![CDATA[Sudrajat]]>;
<![CDATA[Rialdi Azhar]]>
<![CDATA[ Asian Journal of Economics and Business Management Vol. 1 No. 2 (2022): Asian Journal of Economics and Business Management (AJEBM) ]]>
Publisher : <![CDATA[Lighthouse Publishing ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (572.568 KB)
|
DOI: 10.53402/ajebm.v1i2.175
<![CDATA[low environmental management applied by the company amid the modern economic era now causes easy environmental damage. This condition must be overcome so that the company's image remains well respected and financial performance has an increasing income. Financial performance is influenced by several factors, including environmental performance, environmental costs, company size and disclosure of corporate social responsibility. This study aims to determine the effect of environmental performance, environmental costs and company size on financial performance with corporate social responsibility as the intervening variable. The population in this study are manufacturing companies listed on the Indonesia Stock Exchange in 2018 - 2020, with a total of 195 companies. Using the purposive sampling method, 38 companies meet the criteria with 114 data sets. The data were analyzed regressively using SmartPLS through descriptive statistical analysis tests, outer models, inner models and hypothesis testing. The results showed that environmental performance, environmental costs and corporate social responsibility had no effect on financial performance, but firm size had a significant positive effect on financial performance. Environmental performance has a significant positive effect on corporate social responsibility. In contrast, environmental costs and company size have no effect on corporate social responsibility, and corporate social responsibility is not proven and can become an intervening variable (mediation) on environmental performance, environmental costs, and company size on financial performance.]]>
<![CDATA[The effect of self-efficacy, organizational culture and work motivation on employee performance at the department of education and culture of lampung province ]]>
<![CDATA[Dhiya Alifya]]>;
<![CDATA[Nova Mardiana]]>
<![CDATA[ Asian Journal of Economics and Business Management Vol. 1 No. 2 (2022): Asian Journal of Economics and Business Management (AJEBM) ]]>
Publisher : <![CDATA[Lighthouse Publishing ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (319.782 KB)
|
DOI: 10.53402/ajebm.v1i2.176
<![CDATA[This study aims to determine the effect of self-efficacy, organizational culture and work motivation on employee performance at the Education and Culture Office of Lampung Province. The type of research used in this research is quantitative research. The sampling technique used is probability sampling with the Simple Random sampling method for as many as 168 employees. The analytical tool used is multiple linear regression analysis using IBM SPSS version 25 software. The results of this study support the hypothesis that self-efficacy, organizational culture, and work motivation have a positive and significant effect on employee performance at the Lampung Province Education and Culture Office. Suggestions for the Education and Culture Office of Lampung Province to pay more attention to the problems faced by employees, such as how to manage stress levels and handle unexpected events. Organizations are also expected to pay more attention to employee penalties or sanctions if performance is not good and to reward employees who excel. Next, pay attention to employees' qualifications and the existing food facilities in the organization's environment. Employees are also expected to stay focused and work-oriented by reducing talking to coworkers about negative aspects of the workplace.]]>
<![CDATA[A system dynamics approach to venture capital investments illustrated by cases from singapore ]]>
<![CDATA[ Asian Journal of Economics and Business Management Vol. 1 No. 3 (2022): Asian Journal of Economics and Business Management (AJEBM) ]]>
Publisher : <![CDATA[Lighthouse Publishing ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.53402/ajebm.v1i3.177
<![CDATA[Despite the amount of research on VC decision-making, very little is known about the dynamic decision processes venture capitalists (VCs) execute in the real world, paying attention to the systemic interactions within the industry. The importance of dynamic decision processes lies in recognizing that investment decisions in VC take place in complex, rapidly changing, and highly competitive markets where growth and returns are expected to be significantly higher. The objective of this paper is to create and simulate a quantitative model of VC investment dynamics drawing on cases from Singapore. The geographic focus is on Singapore and in terms of methodology, the paper makes use of System Dynamics. As key findings, our model captures how the boom-and-bust phenomenon may be generated by the economic agents’ intendedly rational decisions within a competitive VC market, that, however, leads to unintended poor performance for the industry as a whole. Future research could then compare our simulation results not only with each other or to the base run, but also to other kinds of scenarios; for example, an external shock like a market crash scenario.]]>
<![CDATA[The effect of financial factors on tax avoidance in mining companies listed on the indonesia stock exchange 2018 – 2020 ]]>
<![CDATA[ Asian Journal of Economics and Business Management Vol. 1 No. 3 (2022): Asian Journal of Economics and Business Management (AJEBM) ]]>
Publisher : <![CDATA[Lighthouse Publishing ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.53402/ajebm.v1i3.178
<![CDATA[Taxes have a significant role in the development and support of the running of a country's government. Tax collection is used to finance all expenditures issued by the state in order to realize national development. Tax payments are also a manifestation of the state's obligations and the participation of the community in collecting funds to finance the state in national development. This study aimed to determine the effect of profitability and company size on tax avoidance in 2018-2020. In this study, the research method used is descriptive analysis and quantitative techniques, collecting secondary data from the 2018-2020 financial statements. The sampling method used in this research is using a purposive sampling method. The sample set in this study is 30 mining companies listed on the Indonesia Stock Exchange that meet the criteria. The normality test, namely the Kolmogorov-Smirnov test, was used in this study to test whether the data were normally distributed or not. When the data were not normally distributed, it is done by case wise diagnostic. The results showed that the profitability and firm size has a test that is less than 0.05, it can be concluded that profitability and firm size did not affect tax avoidance.]]>
<![CDATA[The effect of leverage, managerial ownership, and profitability on company value ]]>
<![CDATA[ Asian Journal of Economics and Business Management Vol. 1 No. 3 (2022): Asian Journal of Economics and Business Management (AJEBM) ]]>
Publisher : <![CDATA[Lighthouse Publishing ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.53402/ajebm.v1i3.181
<![CDATA[This study examines the effect of leverage, managerial ownership, and profitability on firm value and size as control variables. The sample in this study is manufacturing companies in the consumer goods industry sector listed on the Indonesia Stock Exchange from 2016-2020. This study's method of determining the sample used purposive sampling and multiple linear regression analysis as analytical tools. This study uses five independent variables to achieve these objectives: leverage, managerial ownership, and profitability, with the dependent variable being firm value and firm size as control variables. This research was conducted by directing quantitative methods with secondary data. This secondary data is taken from financial reports downloaded from the Indonesia Stock Exchange website. The results of this study prove that Leverage and Profitability have a significant positive effect on firm value in manufacturing companies in the consumer goods industry sector. However, managerial ownership does not significantly affect firm value in manufacturing companies in the consumer goods sector. The limitation of this study is that it uses a limited sample of manufacturing companies in the consumer goods industry sector listed on the Indonesia Stock Exchange from 2016-2020, while there are still many other sectors that are not used in this study.]]>
<![CDATA[The effect of intellectual capital, size, leverage, and liquidity on company value in manufacturing companies listed on Indonesia Stock Exchange ]]>
<![CDATA[ Asian Journal of Economics and Business Management Vol. 1 No. 3 (2022): Asian Journal of Economics and Business Management (AJEBM) ]]>
Publisher : <![CDATA[Lighthouse Publishing ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.53402/ajebm.v1i3.184
<![CDATA[The rapid growth of technology and information can provide opportunities and also threats to the sustainability of a company. Therefore, companies must change their management patterns in order to take advantage of technological advances and strategies to compete in various markets, as well as maintain a competitive advantage by focusing on operational and financial activities. The company's goal is to maximize the wealth of shareholders by maximizing the value of the company. This study aims to provide empirical evidence related to the influence of intellectual capital, size, leverage, and liquidity on company value. The sample in this study was comprised of 84 manufacturing companies listed on the Indonesian stock exchange in 2018-2020. The analytical tool used in this study is a multiple regression model. The results of hypothesis testing with multiple regression analysis using the SPSS 26 application showed that intellectual capital, size, leverage, and company age control variables had a significant effect on company value. Meanwhile, liquidity has no significant effect on the value of the company. This study made several contributions to theory and methodology. This reinforces previous research on the value of the company. This research is expected to be used as input to evaluate companies related to intellectual capital, size, leverage, and liquidity to increase company value. This study only used a sample of manufacturing companies registered on the IDX that made a profit and only three years of research from 2018-2020. Researchers are then expected to expand the sample of all manufacturing companies listed on the IDX, including both companies that get profits and losses, and can expand the research period in order to provide better and more significant research results.]]>
<![CDATA[Effect of work rotation and training on employee performance (Study at PT Pegadaian (Persero) Palembang Regional Office) ]]>
<![CDATA[ Asian Journal of Economics and Business Management Vol. 1 No. 3 (2022): Asian Journal of Economics and Business Management (AJEBM) ]]>
Publisher : <![CDATA[Lighthouse Publishing ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.53402/ajebm.v1i3.186
<![CDATA[This study discusses the effect of job rotation and training on employee performance at PT. Pegadaian (Persero) palembang regional office. PT. Pegadaian (Persero) is one of the non-banking institutions that provide credit to the public for mortgage laws in Indonesia. Job rotation is a complicated problem for employees, especially those not ready for new changes. Employees become anxious when they have to be transferred to a new position and face unfamiliar work challenges. The training program is still not effective and efficient, especially in training with virtual methods, which usually use the zoom meeting application. Performance appraisal is carried out transparently and objectively. At the beginning of each financial year, Pegadaian sets a Key Performance Indicator (KPI) for each work unit. The sample in this study was 175 respondents with a non-probability sampling with a purposive sampling method—a data collection method using primary data. Analysis of the data used is multiple linear analysis and t-test. The results of this study are that job rotation has a significant positive effect, and training has a significant positive effect on employee performance. This research suggests that job rotation must be scientific and objective and increase productivity and reduce employee burnout. The training program must be appropriate to the needs and values of the employee's job. Then, superiors should give new challenges or assignments and be accompanied by additional compensation for employees so that it can attract employees to always look for new challenges in their work and reduce employee complaints about things that are not important at work.]]>
<![CDATA[Analysis of corporate governance disclosure, environmental performance and company value (study on manufacture companies in indonesia stock exchange for 2015-2019) ]]>
<![CDATA[ Asian Journal of Economics and Business Management Vol. 1 No. 3 (2022): Asian Journal of Economics and Business Management (AJEBM) ]]>
Publisher : <![CDATA[Lighthouse Publishing ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.53402/ajebm.v1i3.193
<![CDATA[Companies must try to find new ways to improve their products in the era of the industrial age 4.0. This is because the competition in industry 4.0 is getting more challenging, so management will try to keep the company's revenue growth. This study uses institutional ownership, the proportion of independent commissioners, the size of the audit committee, and environmental performance as independent variables and firm value as the dependent variable. The research method uses a quantitative approach with a research period of 2015-2019. The results show that the hypotheses for institutional ownership and the size of the audit committee are supported or accepted, while the hypotheses for the size of the audit committee and environmental performance are rejected. Obtaining the results of this study is expected to be the basis for evaluating and determining company policies. In addition, information regarding the research results provides a new perspective to the company that environmental performance is essential in maintaining the sustainability of living things and the company's operations around the community. In this study there are also limitations where the research period is limited to five years so that the results of hypothesis testing can only obtain two supported hypotheses. If the vulnerable research period is extended, the results of the hypothesis will provide more than two supported hypotheses. For further research, the authors provide suggestions in order to expand the research period in order to obtain wider research data and will provide good results compared to previous research.]]>
