Nila Nuzula - Academia.edu (original) (raw)

Papers by Nila Nuzula

Proceedings of the 2nd Annual International Conference on Business and Public Administration (AICoBPA 2019), 2020

Indonesian stock market are unpopular sources of capital for companies. Stock market have 2 main ... more Indonesian stock market are unpopular sources of capital for companies. Stock market have 2 main products that is stock and bond. Bond is much more unpopular than stock. This study will examine the relations between risk, stock return, and bond returns relation in Indonesian Public Companies. Sample are 51 companies that listed in Indonesian Stock Exchange and issues bond during 2011-2018. Risk as endogen variable measured by Altman Z score. Stock values as exogenous variables using stock returns and dividend yields as indicators. Endogen variable bond value having bond returns and Yield to maturity as measurements. Data then analysed using warp PLS. The results shows that stock returns are mediating the relations between bankruptcy risk and bond return in Indonesia. This is consistent with optimal capital structure and financial distress theory. Companies usually choose to issued stock rather than bond. If it choose both, it will be like to use stock rather than bond. Hence, investor also choose in the stock when companies risk is higher rather than bond.

Health Assessment Bank Perkreditan Rakyat (BPR) Based on the Decree of the Board of Directors of ... more Health Assessment Bank Perkreditan Rakyat (BPR) Based on the Decree of the Board of Directors of Bank Indonesia No. 30/12/KEP/DIR 1997 (Study on PT. BPR Artha Pamenang ,Pare Kabupaten Kediri). Increased competition in the competitive banking world can limit the space for Bank Perkreditan Rakyat (BPR) in carrying out the operations of the bank. Is possible because of the limited Bank Perkreditan Rakyat (BPR) which does not serve a payment traffic and the limited area of ​​operation in the region served alone. The problem often faced by Bank Perkreditan Rakyat (BPR) is related to a shortage of Human Resources (HR), lack of funds, competition, and limited working area. Limitations for BPR be motivated to work on improving and maintaining consistency BPR business health. BPR hygiene regulations have stipulated in the regulations of Bank Indonesia (BI) No. 30/12/KEP/DIR Date of 30 April 1997 on Procedures for the Health Assessment of Bank Perkreditan Rakyat (BPR). BPR health assessment ...

Penelitian ini bertujuan untuk mengetahui evaluasi kinerja dengan menggunakan perbandingan analis... more Penelitian ini bertujuan untuk mengetahui evaluasi kinerja dengan menggunakan perbandingan analisis rasio selama tahun 2010-2014. Jenis penelitian menggunakan penelitian deskriptif dengan menggunakan data sekunder yang diperoleh dari situs resmi BEI www.idx.co.id sebanyak 12 perusahaan. Analisis data penelitian ini menggunakan analisis rasio. Analisis rasio terdiri dari rasio likuiditas, rasio aktivitas, rasio leverage, rasio profitabilitas, dan rasio pasar dengan jumlah sebanyak 19 rasio. Hasil penelitian menunjukkan bahwa rasio likuiditas yang cukup baik diperoleh perusahaan INDF, AISA, dan ULTJ. Rasio aktivitas yang cukup baik diperoleh perusahaan ICBP, CEKA, MLBI, dan ROTI. Rasio leverage yang cukup baik diperoleh perusahaan DLTA, ICBP, INDF, ROTI, dan ULTJ. Rasio profitabilitas dan rasio pasar yang cukup baik diperoleh perusahaan DLTA dan MLBI.

Investors usually react to the announcement rights issue conducted by the company. The market rea... more Investors usually react to the announcement rights issue conducted by the company. The market reaction can be measured by abnormal return. This study aims to determine whether there are differences between abnormal return before and after the announcement of rights issue on companies that are included in the manufacturing industry within period 2010 – 2016. This research using purposive sampling method, there are 30 companies that fulfill the criteria in the selection of the sample. This study applied secondary data derived from the Indonesia Stock Exchange such as daily stock prices and Joint Stock Index (IHSG) data . The type of research used in this study is the type of event study with the observation period 5 days before the announcement right issue and 5 days after the announcement. This study uses a market adjusted model to measure the expected return. The results of this study indicate that there is no significant difference between abnormal return in the period before and a...

This research aims to analyze the reaction of indonesia capital market toward the policy of biodi... more This research aims to analyze the reaction of indonesia capital market toward the policy of biodiesel 20 in Indonesia palm oil plantation companies listed in Indonesia Stock Exchange in 2018. This research is using event study method with abnormal return and trading volume activity as research variable. Event window used in this research is 11 day. The result of this research is supported by robustness test which aims to confirm the consistency of research result. Robustness test in this research used 2 different event window which is 7 days and 15 days. Data analyses used in this research are descriptive statistics and inferential statistics by using parametric test - paired sample t test and non parametric test -wilcoxon signed rank test. The analysis of this research found that there is no significant difference in average abnormal return due to the announcement of B20 policy. The result also show that there is no significant difference in average trading volume activity due to t...

This research is a quantitative research and using descriptive statistical analysis. This study a... more This research is a quantitative research and using descriptive statistical analysis. This study aims to analyze the performance of Venture Bank 2012-2016 based on the risk, good corporate governance, earning and capital (RGEC) factor . The indicators used are 9 financial ratios and 11 GCG indicators based on Bank Indonesia Regulation Number: 13/1 / PBI / 2011 on Rating of Bank Commercial Rating. This ratio is 4 risk factor ratios, 3 rentability ratios and 2 capital ratios. The result of the research is ​​Bank which has the best performance in risk factor is Bank Paribas, Bank which has the best performance in profitability is Bank Rabobank and Bank that have the best performance in capital is Bank Commonwealth. The Bank with the lowest performance in risk factor is ANZ Bank, the Bank with the lowest performance of profitability and capital is Rabobank Bank. Of all factors, the best performing Bank is the Bank Paribas and the Bank with the lowest performance is Bank Rabobank. Keyword...

The purpose of this study was to examine the effect of environmental management partially and sim... more The purpose of this study was to examine the effect of environmental management partially and simultaneously towards profitability, using profitability ratios consists of ROA (Return on Assets) and ROE (Return on Equity). Environmental management consists of environmental investment and environmental cost which were independent variables, while ROA and ROE were dependent variables. This study used 42 samples from 16 electronic appliances companies and 26 chemical companies. Data sourced from Sustainability or Environmental or Corporate Social Responsibility Report, and profitability data from Annual Report from 2014-2016. So, total of samples was 126 sample companies. This type of research was explanatory research with a quantitative approach. The results showed that: 1) Environmental investment had no significantly and partially effect on ROA, 2) Environmental costs had no significantly and partially effect on ROA, 3) Environmental investment and environmental costs had no signific...

Thе rеsеarch is conductеd to find out thе fairnеss of sharе pricе of sharia companiеs listеd in B... more Thе rеsеarch is conductеd to find out thе fairnеss of sharе pricе of sharia companiеs listеd in Bursa Еfеk Indonеsia and Bursa Malaysia and to givе rеcommеndation rеlatеd to thе valuation rеsult obtainеd by using fundamеntal analysis of Discountеd Cash Flow (DCF) approach. Thе rеsеarch typе is dеscriptivе rеsеarch with quantitativе approach. Thе population in this study arе all companiеs listеd in Jakarta Islamic Indеx (JII) and FTSЕ Bursa Malaysia Hijrah Shariah Indеx (FBMHS) in 2015. Total of еach indеx is 30 companiеs. Thе total rеsеarch population is 60 companiеs. Data collеction tеchniquе usеd for this rеsеarch is documеntation tеchniquе. Data analysis conductеd in this study using fundamеntal analysis of DCF approach. The result of this research shows that Petronas Gas Bhd and Tenaga Nasional Bhd are in undervalued condition. Investors should decide to buy the stock. For Axiata Group Bhd, Petronas Chemicals Group Bhd., PT. Indofood CBP Sukses Makmur Tbk., PT. Telekomunikasi In...

This study aims to determine the shares of sectoral index Property, Real Estate and Building Cons... more This study aims to determine the shares of sectoral index Property, Real Estate and Building Construction which could be used as forming an optimal portfolio and how large proportion of the funds and determine the magnitude of expected return and risk of the portfolio is formed. This research is descriptive with quantitative approach. The population used was stock sectoral index Property, Real Estate and Building Construction period 2013-2015 the number of the selected sample as many as 15 stocks. The data used is secondary data and data analysis used is the implementation of Single Index Model. The results of the calculation of optimal portfolio can generate a Single Index Model 4 candidate as a constituent stock optimal portfolio. Candidates shares included in the optimal portfolio is the stock Gowa Makassar Tourism Development Tbk (GMTD) amounted to 3.60%, Metropolitan Kentjana Tbk (MKPI) amounted to 44.55%, PP (Persero) Tbk (PTPP) amounted to 36.09% and Waskita Karya (Persero) T...

Profit, 2020

The purpose of this review is to find out the amounts of profit, company size, and dividend polic... more The purpose of this review is to find out the amounts of profit, company size, and dividend policy which can influence the company's value. LQ45 which is listed in Indonesian Stock Exchange is in the year of 2015-2018. This research is using Explanatory Research with quantitative approach. The sampling technique is using purposive sampling. Profitability is a financial method used to gauge company's profit. Company's profit that comes from sales and investment return, can influence the company's size. The company's scale is an important information, used by investor who wants to invest their wealth to the company. The magnitude of company can influence dividend return. Company's profit can affect the size of company and dividend return. It can be reflected in the increasing of company' value. The performance of company can be a parameter used by investor to do an investment or funding to the company.

Journal of Food and Life Sciences, Jul 11, 2018

Potensi pertanian di desa tertinggal selama ini belum terpetakan sehingga sulit untuk digunakan s... more Potensi pertanian di desa tertinggal selama ini belum terpetakan sehingga sulit untuk digunakan sebagai acuan dalam program pembangunan. Tujuan penelitian ini adalah untuk mengetahui potensi pertanian di Desan Binusan. Metode yang digunakan adalah pendekatan kualitatif dengan analisis data diskriptif. Hasil penelitian menunjukkan bahwa potensi utama di desa Binusan adalah rumput laut dan kelapa sawit.

Transformasi: Jurnal Pengabdian Masyarakat, 2021

mengembangkan kampung wisata secara mandiri. Tokoh masyarakat dan penggerak usaha wisata berhasil... more mengembangkan kampung wisata secara mandiri. Tokoh masyarakat dan penggerak usaha wisata berhasil mengajak masyarakat lokal untuk mengembangkan berbagai paket wisata yang fokus menawarkan pengalaman hidup di kampung kepada wisatawan. Namun, terjadinya pandemi menjadikan usaha wisata terhenti. Inisiatif untuk membangkitkan kembali partisipasi aktif masyarakat dusun hanya bertumpu kepada tokoh masyarakat dan inisiator kampung wisata. Para pemuda belum memiliki kemauan dan insiatif dalam melakukan promosi untuk membangkitkan dan meningkatkan skala usaha wisata. Pemahaman dan pengetahuan para pemuda kampung tentang prinsip dasar usaha wisata belum memadai dan merata. Untuk membantu mengurangi kekhawatiran tokoh masyarakat dan penggerak usaha wisata tentang keberlangsungan usaha (business longevity) Kampung Wisata Kungkuk, pengabdian masyarakat ini dilakukan untuk mengenalkan prinsip dasar usaha wisata berbasis konsep business model canvas (BMC) kepada para pemuda desa pelaku usaha wisata. Dengan menerapkan metode Participatory Action Research (PAR), para pemuda diajak untuk berdiskusi aktif menentukan sembilan unsur business canvas. Hasil diskusi tersebut menjadi dasar identifikasi kekuatan (strength), kelemahan (weakness), kesempatan (opportunity) dan ancaman (threat) dan selanjutnya menjadi data untuk pengembangan strategi bisnis. Tim pengabdian membantu menerjemahkan berbagai usulan pemuda desa menjadi empat strategi pengembangan bisnis, yaitu competitive, invasive, diversification, dan defensive strategies. Salah satu rekomendasi kepada para pemuda kampung wisata adalah memperkuat komitmen dan mengembangkan kesepakatan bersama tentang langkah apa yang perlu diambil untuk menjaga dinamika dan kelangsungan usaha Kampung Wisata Kungkuk.

Foreign exchange exposure is a risk that will be faced by any company who transact internationall... more Foreign exchange exposure is a risk that will be faced by any company who transact internationally, both import or export. Transaction exposure, part of foreign exchange exposure, arises when the future cash flow of the firm is affected by exchange rate fluctuation. Fluctuation in exchange rate occurs over time, resulting in uncertainty over the amount of future cash flow. This study seeks to know the benefit of forward contract hedging implementation to reduce transaction exposure risk at PT. Unilever Indonesia, Tbk. This research is a descriptive research with case study approach. The required data for this study are the annual report of PT. Unilever Indonesia, Tbk year 2015, PT. Unilever Indonesia’s forward contract year 2016, historical data of exchange rate fluctuation during 2015 and historical data of exchange rate fluctuation from January to March 2016. Those data were obtained from PT. Unilever Indonesia’s official website www.unilever.co.id and Bank of Indonesia’s official...

Corporate Social Responsibility (CSR) is a concept that can encourage companies to be able to con... more Corporate Social Responsibility (CSR) is a concept that can encourage companies to be able to contribute to sustainable development and encourage companies to conduct transparent business practices, which are based on ethical values ​​by paying attention to those who have an interest in the survival of the company. Disclosure of corporate social responsibility is a report made by the company in order to communicate to interested parties regarding the company's social activities, with the reporting being carried out it is expected that the company can grow sustainably. There are several factors that are considered to influence the disclosure of corporate social responsibility, namely company size (size), profitability, leverage and the size of an independent board of commissioners. This study aims to determine whether company size (size), profitability, leverage and the size of independent board of commissioners have a significant effect on the disclosure of corporate social resp...

This research is proposed to find out market reaction about Employee Stock Options Program (ESOP)... more This research is proposed to find out market reaction about Employee Stock Options Program (ESOP) implementation which is showed as significant differences on abnormal return and trading volume activity. Type of research used is comparative method with quantitative approach. This research is also belonged to event study, which is financial research technique using financial market data. Event study is used to test an event that can effected on corporate value, where showing by abnormal return and trading volume activity in the capital market. Time period is done during 11 days about 5 days before and after announcement of ESOP implementation, and a day (event date) when ESOP implementation was announced. The research samples are company listed in Indonesia Stock Exchange 2011-2015 period. There are 10 samples with 38 announcement date which have been implemented an announcement of ESOP price. The result is based on hypothesis test that showing there is no significant difference of ...

Global business competition is needed as a producer of high profit or optimum profit and increase... more Global business competition is needed as a producer of high profit or optimum profit and increased prosperity for shareholders. Efforts to improve shareholder’s prosperity, found that difference of interest between the manager of the company called agent with the investor and shareholders that they called principals to execute business management. This difference of interst is called agency problem. The way to solved the conflict of agency problem needed the existence of good corporate governance. The context of implementation of Good Corporate Governance mechanism is still often found the existence of cheating or called(fraud), especially fraud on financial statements that result in information asymetry including get profitability. The companies in getting profitability also influenced by capital structure condition. This research attempts to identify the influence of Corporate Governance which is proxied by independent variabel Proportion of Board of Commisioners Independent(X 1 )...

Britain Exit (Brexit) is a referendum conducted by British on June 23 th , 2016 to determine UK’s... more Britain Exit (Brexit) is a referendum conducted by British on June 23 th , 2016 to determine UK’s membership status in UE. The impact of Brexit event not only happens in UE as an abandoned community. However, some stock market in other countries like Indonesia is also shows change due to the event. Stock market can’t be separated by various economic and non-economic factors as major role in economy a country. Hence , examining the impact of Brexit event on LQ-45 index which is the most liquid index is the purpose of this study . I ts abnormal return and trading volume activity are employed in required the analyzing. Furthermore, event study methodology are employed to identify the impact of Brexit event by using one sample t-test and paired sample t-test with 100 days estimated period and 11 days event window. In addition, to examine its power robustness test is employed. The result found that Brexit event has information which is capable to incur market reaction. However, that isn’...

This study aims to determine the effect of non financial variable toward underpricing occurs on i... more This study aims to determine the effect of non financial variable toward underpricing occurs on initial public offering in Indonesia Stock Exchange period 2015-2018. The authors apply underwriter reputation, auditor reputation, company age, type of industry and share offering percentage as a variable . The type of this research is explanatory research with a quantitative approach. This study used secondary secondary data obtained the official website of Indonesia Stock Exchange. The populatin using in this research are 128 companies. The samples are 93 companies and the method uses purposive sampling. The data analysis that used is multiple regression analysis. Hypotheses test used T-statistics and F-statistics at level significance 5%. The result showed that partially underwriter reputation and auditor reputation has a significant and negative effect on underpricing, and company age has a significant and positive effect on underpricing, mean while type of industry and share offerin...

Every syariah bank is certainly inseparable from the possibility of facing non performing financi... more Every syariah bank is certainly inseparable from the possibility of facing non performing financing that can occur in the future. One of the efforts made by PT Bank "X" Syariah Tbk Malang Branch is to apply the principle of providing proper financing before providing these facilities to prospective customers. To gain confidence about prospective customers, the bank needs to carry out a careful financial assessment of character, capacity, capital, condition, and collateral which is then known as the 5C’s principle. The results of this study indicate that PT Bank “X” Syariah Tbk Malang Branch has implemented the 5C’s principle assessment which consists of character, capacity, capital, condition, and collateral according to syariah principles before providing financing to prospective customers. The bank has various assessment criteria from every aspect of 5C’s principle that are used as a reference in assessing prospective customers as a whole. The 5C’s principle assessment c...

Proceedings of the 2nd Annual International Conference on Business and Public Administration (AICoBPA 2019), 2020

Indonesian stock market are unpopular sources of capital for companies. Stock market have 2 main ... more Indonesian stock market are unpopular sources of capital for companies. Stock market have 2 main products that is stock and bond. Bond is much more unpopular than stock. This study will examine the relations between risk, stock return, and bond returns relation in Indonesian Public Companies. Sample are 51 companies that listed in Indonesian Stock Exchange and issues bond during 2011-2018. Risk as endogen variable measured by Altman Z score. Stock values as exogenous variables using stock returns and dividend yields as indicators. Endogen variable bond value having bond returns and Yield to maturity as measurements. Data then analysed using warp PLS. The results shows that stock returns are mediating the relations between bankruptcy risk and bond return in Indonesia. This is consistent with optimal capital structure and financial distress theory. Companies usually choose to issued stock rather than bond. If it choose both, it will be like to use stock rather than bond. Hence, investor also choose in the stock when companies risk is higher rather than bond.

Health Assessment Bank Perkreditan Rakyat (BPR) Based on the Decree of the Board of Directors of ... more Health Assessment Bank Perkreditan Rakyat (BPR) Based on the Decree of the Board of Directors of Bank Indonesia No. 30/12/KEP/DIR 1997 (Study on PT. BPR Artha Pamenang ,Pare Kabupaten Kediri). Increased competition in the competitive banking world can limit the space for Bank Perkreditan Rakyat (BPR) in carrying out the operations of the bank. Is possible because of the limited Bank Perkreditan Rakyat (BPR) which does not serve a payment traffic and the limited area of ​​operation in the region served alone. The problem often faced by Bank Perkreditan Rakyat (BPR) is related to a shortage of Human Resources (HR), lack of funds, competition, and limited working area. Limitations for BPR be motivated to work on improving and maintaining consistency BPR business health. BPR hygiene regulations have stipulated in the regulations of Bank Indonesia (BI) No. 30/12/KEP/DIR Date of 30 April 1997 on Procedures for the Health Assessment of Bank Perkreditan Rakyat (BPR). BPR health assessment ...

Penelitian ini bertujuan untuk mengetahui evaluasi kinerja dengan menggunakan perbandingan analis... more Penelitian ini bertujuan untuk mengetahui evaluasi kinerja dengan menggunakan perbandingan analisis rasio selama tahun 2010-2014. Jenis penelitian menggunakan penelitian deskriptif dengan menggunakan data sekunder yang diperoleh dari situs resmi BEI www.idx.co.id sebanyak 12 perusahaan. Analisis data penelitian ini menggunakan analisis rasio. Analisis rasio terdiri dari rasio likuiditas, rasio aktivitas, rasio leverage, rasio profitabilitas, dan rasio pasar dengan jumlah sebanyak 19 rasio. Hasil penelitian menunjukkan bahwa rasio likuiditas yang cukup baik diperoleh perusahaan INDF, AISA, dan ULTJ. Rasio aktivitas yang cukup baik diperoleh perusahaan ICBP, CEKA, MLBI, dan ROTI. Rasio leverage yang cukup baik diperoleh perusahaan DLTA, ICBP, INDF, ROTI, dan ULTJ. Rasio profitabilitas dan rasio pasar yang cukup baik diperoleh perusahaan DLTA dan MLBI.

Investors usually react to the announcement rights issue conducted by the company. The market rea... more Investors usually react to the announcement rights issue conducted by the company. The market reaction can be measured by abnormal return. This study aims to determine whether there are differences between abnormal return before and after the announcement of rights issue on companies that are included in the manufacturing industry within period 2010 – 2016. This research using purposive sampling method, there are 30 companies that fulfill the criteria in the selection of the sample. This study applied secondary data derived from the Indonesia Stock Exchange such as daily stock prices and Joint Stock Index (IHSG) data . The type of research used in this study is the type of event study with the observation period 5 days before the announcement right issue and 5 days after the announcement. This study uses a market adjusted model to measure the expected return. The results of this study indicate that there is no significant difference between abnormal return in the period before and a...

This research aims to analyze the reaction of indonesia capital market toward the policy of biodi... more This research aims to analyze the reaction of indonesia capital market toward the policy of biodiesel 20 in Indonesia palm oil plantation companies listed in Indonesia Stock Exchange in 2018. This research is using event study method with abnormal return and trading volume activity as research variable. Event window used in this research is 11 day. The result of this research is supported by robustness test which aims to confirm the consistency of research result. Robustness test in this research used 2 different event window which is 7 days and 15 days. Data analyses used in this research are descriptive statistics and inferential statistics by using parametric test - paired sample t test and non parametric test -wilcoxon signed rank test. The analysis of this research found that there is no significant difference in average abnormal return due to the announcement of B20 policy. The result also show that there is no significant difference in average trading volume activity due to t...

This research is a quantitative research and using descriptive statistical analysis. This study a... more This research is a quantitative research and using descriptive statistical analysis. This study aims to analyze the performance of Venture Bank 2012-2016 based on the risk, good corporate governance, earning and capital (RGEC) factor . The indicators used are 9 financial ratios and 11 GCG indicators based on Bank Indonesia Regulation Number: 13/1 / PBI / 2011 on Rating of Bank Commercial Rating. This ratio is 4 risk factor ratios, 3 rentability ratios and 2 capital ratios. The result of the research is ​​Bank which has the best performance in risk factor is Bank Paribas, Bank which has the best performance in profitability is Bank Rabobank and Bank that have the best performance in capital is Bank Commonwealth. The Bank with the lowest performance in risk factor is ANZ Bank, the Bank with the lowest performance of profitability and capital is Rabobank Bank. Of all factors, the best performing Bank is the Bank Paribas and the Bank with the lowest performance is Bank Rabobank. Keyword...

The purpose of this study was to examine the effect of environmental management partially and sim... more The purpose of this study was to examine the effect of environmental management partially and simultaneously towards profitability, using profitability ratios consists of ROA (Return on Assets) and ROE (Return on Equity). Environmental management consists of environmental investment and environmental cost which were independent variables, while ROA and ROE were dependent variables. This study used 42 samples from 16 electronic appliances companies and 26 chemical companies. Data sourced from Sustainability or Environmental or Corporate Social Responsibility Report, and profitability data from Annual Report from 2014-2016. So, total of samples was 126 sample companies. This type of research was explanatory research with a quantitative approach. The results showed that: 1) Environmental investment had no significantly and partially effect on ROA, 2) Environmental costs had no significantly and partially effect on ROA, 3) Environmental investment and environmental costs had no signific...

Thе rеsеarch is conductеd to find out thе fairnеss of sharе pricе of sharia companiеs listеd in B... more Thе rеsеarch is conductеd to find out thе fairnеss of sharе pricе of sharia companiеs listеd in Bursa Еfеk Indonеsia and Bursa Malaysia and to givе rеcommеndation rеlatеd to thе valuation rеsult obtainеd by using fundamеntal analysis of Discountеd Cash Flow (DCF) approach. Thе rеsеarch typе is dеscriptivе rеsеarch with quantitativе approach. Thе population in this study arе all companiеs listеd in Jakarta Islamic Indеx (JII) and FTSЕ Bursa Malaysia Hijrah Shariah Indеx (FBMHS) in 2015. Total of еach indеx is 30 companiеs. Thе total rеsеarch population is 60 companiеs. Data collеction tеchniquе usеd for this rеsеarch is documеntation tеchniquе. Data analysis conductеd in this study using fundamеntal analysis of DCF approach. The result of this research shows that Petronas Gas Bhd and Tenaga Nasional Bhd are in undervalued condition. Investors should decide to buy the stock. For Axiata Group Bhd, Petronas Chemicals Group Bhd., PT. Indofood CBP Sukses Makmur Tbk., PT. Telekomunikasi In...

This study aims to determine the shares of sectoral index Property, Real Estate and Building Cons... more This study aims to determine the shares of sectoral index Property, Real Estate and Building Construction which could be used as forming an optimal portfolio and how large proportion of the funds and determine the magnitude of expected return and risk of the portfolio is formed. This research is descriptive with quantitative approach. The population used was stock sectoral index Property, Real Estate and Building Construction period 2013-2015 the number of the selected sample as many as 15 stocks. The data used is secondary data and data analysis used is the implementation of Single Index Model. The results of the calculation of optimal portfolio can generate a Single Index Model 4 candidate as a constituent stock optimal portfolio. Candidates shares included in the optimal portfolio is the stock Gowa Makassar Tourism Development Tbk (GMTD) amounted to 3.60%, Metropolitan Kentjana Tbk (MKPI) amounted to 44.55%, PP (Persero) Tbk (PTPP) amounted to 36.09% and Waskita Karya (Persero) T...

Profit, 2020

The purpose of this review is to find out the amounts of profit, company size, and dividend polic... more The purpose of this review is to find out the amounts of profit, company size, and dividend policy which can influence the company's value. LQ45 which is listed in Indonesian Stock Exchange is in the year of 2015-2018. This research is using Explanatory Research with quantitative approach. The sampling technique is using purposive sampling. Profitability is a financial method used to gauge company's profit. Company's profit that comes from sales and investment return, can influence the company's size. The company's scale is an important information, used by investor who wants to invest their wealth to the company. The magnitude of company can influence dividend return. Company's profit can affect the size of company and dividend return. It can be reflected in the increasing of company' value. The performance of company can be a parameter used by investor to do an investment or funding to the company.

Journal of Food and Life Sciences, Jul 11, 2018

Potensi pertanian di desa tertinggal selama ini belum terpetakan sehingga sulit untuk digunakan s... more Potensi pertanian di desa tertinggal selama ini belum terpetakan sehingga sulit untuk digunakan sebagai acuan dalam program pembangunan. Tujuan penelitian ini adalah untuk mengetahui potensi pertanian di Desan Binusan. Metode yang digunakan adalah pendekatan kualitatif dengan analisis data diskriptif. Hasil penelitian menunjukkan bahwa potensi utama di desa Binusan adalah rumput laut dan kelapa sawit.

Transformasi: Jurnal Pengabdian Masyarakat, 2021

mengembangkan kampung wisata secara mandiri. Tokoh masyarakat dan penggerak usaha wisata berhasil... more mengembangkan kampung wisata secara mandiri. Tokoh masyarakat dan penggerak usaha wisata berhasil mengajak masyarakat lokal untuk mengembangkan berbagai paket wisata yang fokus menawarkan pengalaman hidup di kampung kepada wisatawan. Namun, terjadinya pandemi menjadikan usaha wisata terhenti. Inisiatif untuk membangkitkan kembali partisipasi aktif masyarakat dusun hanya bertumpu kepada tokoh masyarakat dan inisiator kampung wisata. Para pemuda belum memiliki kemauan dan insiatif dalam melakukan promosi untuk membangkitkan dan meningkatkan skala usaha wisata. Pemahaman dan pengetahuan para pemuda kampung tentang prinsip dasar usaha wisata belum memadai dan merata. Untuk membantu mengurangi kekhawatiran tokoh masyarakat dan penggerak usaha wisata tentang keberlangsungan usaha (business longevity) Kampung Wisata Kungkuk, pengabdian masyarakat ini dilakukan untuk mengenalkan prinsip dasar usaha wisata berbasis konsep business model canvas (BMC) kepada para pemuda desa pelaku usaha wisata. Dengan menerapkan metode Participatory Action Research (PAR), para pemuda diajak untuk berdiskusi aktif menentukan sembilan unsur business canvas. Hasil diskusi tersebut menjadi dasar identifikasi kekuatan (strength), kelemahan (weakness), kesempatan (opportunity) dan ancaman (threat) dan selanjutnya menjadi data untuk pengembangan strategi bisnis. Tim pengabdian membantu menerjemahkan berbagai usulan pemuda desa menjadi empat strategi pengembangan bisnis, yaitu competitive, invasive, diversification, dan defensive strategies. Salah satu rekomendasi kepada para pemuda kampung wisata adalah memperkuat komitmen dan mengembangkan kesepakatan bersama tentang langkah apa yang perlu diambil untuk menjaga dinamika dan kelangsungan usaha Kampung Wisata Kungkuk.

Foreign exchange exposure is a risk that will be faced by any company who transact internationall... more Foreign exchange exposure is a risk that will be faced by any company who transact internationally, both import or export. Transaction exposure, part of foreign exchange exposure, arises when the future cash flow of the firm is affected by exchange rate fluctuation. Fluctuation in exchange rate occurs over time, resulting in uncertainty over the amount of future cash flow. This study seeks to know the benefit of forward contract hedging implementation to reduce transaction exposure risk at PT. Unilever Indonesia, Tbk. This research is a descriptive research with case study approach. The required data for this study are the annual report of PT. Unilever Indonesia, Tbk year 2015, PT. Unilever Indonesia’s forward contract year 2016, historical data of exchange rate fluctuation during 2015 and historical data of exchange rate fluctuation from January to March 2016. Those data were obtained from PT. Unilever Indonesia’s official website www.unilever.co.id and Bank of Indonesia’s official...

Corporate Social Responsibility (CSR) is a concept that can encourage companies to be able to con... more Corporate Social Responsibility (CSR) is a concept that can encourage companies to be able to contribute to sustainable development and encourage companies to conduct transparent business practices, which are based on ethical values ​​by paying attention to those who have an interest in the survival of the company. Disclosure of corporate social responsibility is a report made by the company in order to communicate to interested parties regarding the company's social activities, with the reporting being carried out it is expected that the company can grow sustainably. There are several factors that are considered to influence the disclosure of corporate social responsibility, namely company size (size), profitability, leverage and the size of an independent board of commissioners. This study aims to determine whether company size (size), profitability, leverage and the size of independent board of commissioners have a significant effect on the disclosure of corporate social resp...

This research is proposed to find out market reaction about Employee Stock Options Program (ESOP)... more This research is proposed to find out market reaction about Employee Stock Options Program (ESOP) implementation which is showed as significant differences on abnormal return and trading volume activity. Type of research used is comparative method with quantitative approach. This research is also belonged to event study, which is financial research technique using financial market data. Event study is used to test an event that can effected on corporate value, where showing by abnormal return and trading volume activity in the capital market. Time period is done during 11 days about 5 days before and after announcement of ESOP implementation, and a day (event date) when ESOP implementation was announced. The research samples are company listed in Indonesia Stock Exchange 2011-2015 period. There are 10 samples with 38 announcement date which have been implemented an announcement of ESOP price. The result is based on hypothesis test that showing there is no significant difference of ...

Global business competition is needed as a producer of high profit or optimum profit and increase... more Global business competition is needed as a producer of high profit or optimum profit and increased prosperity for shareholders. Efforts to improve shareholder’s prosperity, found that difference of interest between the manager of the company called agent with the investor and shareholders that they called principals to execute business management. This difference of interst is called agency problem. The way to solved the conflict of agency problem needed the existence of good corporate governance. The context of implementation of Good Corporate Governance mechanism is still often found the existence of cheating or called(fraud), especially fraud on financial statements that result in information asymetry including get profitability. The companies in getting profitability also influenced by capital structure condition. This research attempts to identify the influence of Corporate Governance which is proxied by independent variabel Proportion of Board of Commisioners Independent(X 1 )...

Britain Exit (Brexit) is a referendum conducted by British on June 23 th , 2016 to determine UK’s... more Britain Exit (Brexit) is a referendum conducted by British on June 23 th , 2016 to determine UK’s membership status in UE. The impact of Brexit event not only happens in UE as an abandoned community. However, some stock market in other countries like Indonesia is also shows change due to the event. Stock market can’t be separated by various economic and non-economic factors as major role in economy a country. Hence , examining the impact of Brexit event on LQ-45 index which is the most liquid index is the purpose of this study . I ts abnormal return and trading volume activity are employed in required the analyzing. Furthermore, event study methodology are employed to identify the impact of Brexit event by using one sample t-test and paired sample t-test with 100 days estimated period and 11 days event window. In addition, to examine its power robustness test is employed. The result found that Brexit event has information which is capable to incur market reaction. However, that isn’...

This study aims to determine the effect of non financial variable toward underpricing occurs on i... more This study aims to determine the effect of non financial variable toward underpricing occurs on initial public offering in Indonesia Stock Exchange period 2015-2018. The authors apply underwriter reputation, auditor reputation, company age, type of industry and share offering percentage as a variable . The type of this research is explanatory research with a quantitative approach. This study used secondary secondary data obtained the official website of Indonesia Stock Exchange. The populatin using in this research are 128 companies. The samples are 93 companies and the method uses purposive sampling. The data analysis that used is multiple regression analysis. Hypotheses test used T-statistics and F-statistics at level significance 5%. The result showed that partially underwriter reputation and auditor reputation has a significant and negative effect on underpricing, and company age has a significant and positive effect on underpricing, mean while type of industry and share offerin...

Every syariah bank is certainly inseparable from the possibility of facing non performing financi... more Every syariah bank is certainly inseparable from the possibility of facing non performing financing that can occur in the future. One of the efforts made by PT Bank "X" Syariah Tbk Malang Branch is to apply the principle of providing proper financing before providing these facilities to prospective customers. To gain confidence about prospective customers, the bank needs to carry out a careful financial assessment of character, capacity, capital, condition, and collateral which is then known as the 5C’s principle. The results of this study indicate that PT Bank “X” Syariah Tbk Malang Branch has implemented the 5C’s principle assessment which consists of character, capacity, capital, condition, and collateral according to syariah principles before providing financing to prospective customers. The bank has various assessment criteria from every aspect of 5C’s principle that are used as a reference in assessing prospective customers as a whole. The 5C’s principle assessment c...