Aty Herawati | Mercu Buana University (original) (raw)

Papers by Aty Herawati

Research paper thumbnail of Valuation Pada Initial Public Offering (Ipo) Bank Bri Syariah

SWOT : Jurnal Ilmiah Ilmu Manajemen, 2018

Adding the number of ownership by issuing new shares and selling them to the capital market, is o... more Adding the number of ownership by issuing new shares and selling them to the capital market, is one alternative method used with the aim of increasing the Company's finances, funds and capital. The issuance of the company's initial shares and selling them to the capital market is called the Initial Public Offering. BRI Syariah Bank adds capital by conducting an IPO, so that it is necessary to analyze Stock Prices on the Initial Public Offering (IPO) of BRI Syariah Bank to obtain stock fair value that does not harm the company if the stock price is too low or detrimental to investors due to stock prices too high (over valued). The research problem formulation is: How is the valuation of the initial stock price of BRI Syariah Bank using the Relative Valuation Model method, How is the valuation of the initial stock price of BRI Syariah Bank with the Free Cash Flow to Equity (FCFE) method, and Is the initial stock Under Valued or Over Valued. The researcher analyzed the data obtained using quantitative descriptive methods. The value of Bank BRI Syariah shares calculated using the Relative valuation method and FCFE are in an overvalued position. The initial stock decision taken by the company is correct, that is, if the valuation is done using the Relative Valuation and FCFE methods, the company is already due because the stock price in the market is overvalued.

Research paper thumbnail of Analisis Pengaruh Stock Split Terhadap Volume Perdagangan Dan Harga Saham Pada Perusahaan Terdaftar DI Bursa Efek Indonesia Periode 2011-2017

SWOT : Jurnal Ilmiah Ilmu Manajemen, 2018

Research paper thumbnail of Influence of Compensation and Career on Organizational Culture

Utopía y praxis latinoamericana: revista internacional de filosofía iberoamericana y teoría social, 2021

Research paper thumbnail of Model penetapan harga ipo berdasarkan valuasi studi empiris pada perusahaan tercatat di bursa efek indonesia tahun 2000-2014

Research paper thumbnail of Herawati at all 434-448 MIX

The process of initial public offering of a company to the investors called IPO (Initial Public O... more The process of initial public offering of a company to the investors called IPO (Initial Public Offering). .At time the company do an IPO, the shares price at IPO was an agreement between the company and its underwriter. The phenomenon that occurs is the shares price at IPO lower than the intrinsic shares price based on valuation, after the shares has been traded on the stock exchange, the phenomenon that occurs is IPO share price lower than the closing price on the first day. The purpose of this research is to create a model of how to set the share price at the time the company will conduct IPO based on intrinsic share price valuation results. The valuation method used is the Price to Earning Ratio. Research carried out on companies that did an IPO in 2000-2014 with a purposive sampling of 240 companies. The results showed there was a difference between intrinsic shares prices based on the valuation and the shares price that set at the time of IPO. After the shares listed in the se...

Research paper thumbnail of Micro Influence on Earnings Management in the Basic and Chemical Industrial Sectors in Indonesia

International Journal of Innovative Research and Development, 2019

The method of determining the sample of this study was purposive sampling. In accordance with pre... more The method of determining the sample of this study was purposive sampling. In accordance with predetermination criteria, obtained a sample of 29 companies with an observation period of 3 years so that number of samples was 87 companies. The analysis technique used is the Fixed Effect Models. The result Showed that DER, Sales Growth and ROA did not affect earnings Management. Only Firm Size has a significant positive affect on Earning management.

Research paper thumbnail of Pengaruh Manajemen Modal Kerja Dan Likuiditas Terhadap Profitabilitas Pada Perusahaan Manufaktur DI Subsektor Keramik, Kaca Dan Porselin Yang Terdaftar DI Bursa Efek Indonesia Periode 2009-2016

Jurnal Riset Ekonomi dan Bisnis, 2018

Research paper thumbnail of Analysis of Supply Chain Management Affecting the Underpricing of Companies Conducting Initial Public Offerings (IPO) on Indonesia Stock Exchange in 2018

International Journal of Supply Chain Management, 2020

Abstract- In the initial public offering activities of the company to obtain funds from the publi... more Abstract- In the initial public offering activities of the company to obtain funds from the public, there is often an underpricing phenomenon, which is when the determination of the company's stock price at the time of an IPO is lower than the price that occurs on the secondary market on the first day. This study aims to analyze the influence of supply chain management (underwriter reputation, supply chain management reputation, firm age, and percentage of the public offering to underpricing of companies conducting IPO on the Indonesia Stock Exchange in 2018). Research data were cross-section data with observation period from 2nd January to 31st December 2018. The sampling method used was purposive sampling. From the population of 57 companies conducting IPOs, 54 issuers met the sample criteria. The analytical method used in this study was multiple linear regression. The results showed that the reputation of the underwriter, supply chain management's reputation, firm age, an...

Research paper thumbnail of Effect of Career, Organizational Commitment on Turnover Intention through Mediation of Organizational Culture: Evidence from Indonesian Companies

The goal of this paper is to analyse the effect of career on organisational culture, to examine t... more The goal of this paper is to analyse the effect of career on organisational culture, to examine the influence of the organisation's commitment on organisational culture, to study the influence of career in the intention of turnover and to examine the influence of organisational commitment in the intention of turnover. The analytical approach for this research used the LISREL software for SEM analysis. The population in this research included permanent employees of the Indonesian car industry, totalling 351. The study included Structural Equation Model (SEM). Easy random sampling methods distributed the questionnaire. The results of the survey were 263 respondents. The findings of this study are career-related and have a positive effect on organisational culture, meaning career plays a major role in improving the corporate culture. Organizational engagement is positively and significantly influenced by organisational culture. The career has a negative and significant impact on co...

Research paper thumbnail of Effect of Compensation and Organization Commitment on Tournover Intention with Work Satisfaction as Intervening Variable in Indonesian Industries

The purpose of this study is to analyze the effect of compensation on work satisfaction, the effe... more The purpose of this study is to analyze the effect of compensation on work satisfaction, the effect of organization commitment on work satisfaction, the effect of compensation on turn over intention, the effect of organization commitment on turn over intention, the effect of work satisfaction on turn over intention, the effect of compensation through work satisfaction on turn over intention, The influence of organization commitment through work satisfaction on turn over intention. The method used in this research is quantitative method. Collecting data by distributing questionnaires to 221 managers of the pharmaceutical industries in Indonesia. The method for processing and analyzing data is by using PLS and using SmartPLS version 3.0 software. The questionnaire was distributed using simple random sampling technique. The results of this study indicate that compensation has a positive and significant effect on work satisfaction, organization commitment has a positive and significant ...

Research paper thumbnail of Model Penetapan Harga Ipo Berdasarkan Valuation

: The process of initial public offering of a company to the investors called IPO (Initial Public... more : The process of initial public offering of a company to the investors called IPO (Initial Public Offering). .At time the company do an IPO, the shares price at IPO was an agreement between the company and its underwriter. The phenomenon that occurs is the shares price at IPO lower than the intrinsic shares price based on valuation, after the shares has been traded on the stock exchange, the phenomenon that occurs is IPO share price lower than the closing price on the first day. The purpose of this research is to create a model of how to set the share price at the time the company will conduct IPO based on intrinsic share price valuation results. The valuation method used is the Price to Earning Ratio. Research carried out on companies that did an IPO in 2000 - 2014 with a purposive sampling of 240 companies. The results showed there was a difference between intrinsic shares prices based on the valuation and the shares price that set at the time of IPO. After the shares listed in th...

Research paper thumbnail of Effect of Macro Economic Factors on Stock Prices in Banking Sector Companies in Indonesia Stock Exchange (BEI): Studies on Bumn and Bumd Banks for the Period of 2013 - 2017

International Journal of Innovative Research and Development, Oct 31, 2019

Investment growth in a country will be influenced by the country's economic growth. The better th... more Investment growth in a country will be influenced by the country's economic growth. The better the level of a country's economy, the better the level of prosperity of its population. This higher level of prosperity is generally characterized by an increase in the level of community income. With this increase in income, more and more people will have excess funds, the excess funds can be utilized to be saved in the form of savings or invested in securities that are traded on the capital market. The capital market has an important role for a country's economy because the capital market performs two functions, namely first as a means for business funding or as a means for companies to get funds from the investor community. Funds obtained from the capital market can be used for business development, expansion, addition of working capital and others. Both capital markets become a means for people to invest in financial instruments. According to Lusiana Silim (2013), stock prices are influenced by many internal and external factors. Internal factors are factors that are directly related to the performance and condition of the company as seen from the financial statement data. While external factors are factors that are not directly related to the condition of the company but factors outside the company can be seen from macroeconomic conditions such as inflation rates, gross domestic product, the money supply, the BI rate and so forth. Economic growth with the acquisition of high gross domestic product is a picture of the welfare of production factors that also contribute to creating national welfare from both the real sector and the non-real sector. This means that the greater the Gross Domestic Product, the higher the productivity of production factors and the higher the activity in the domestic stock exchange in creating national independence. The value of GDP consistently increases every year until the largest GDP is achieved in 2017 in the amount of Rp 9,912,703.60 billion with a stock price of 4,038.57 million. But the increase in GDP is not always in line with the rise in the stock price index. Along with the increase in the number of GDP in Indonesia, in 2015 the share price experienced a decrease of 2,057.45 million due to the weakening of the rupiah exchange rate and a decrease in interest rates that resulted in slowing economic growth. The rupiah exchange rate is a comparison of the value of the rupiah price with the price of foreign currencies, each country has its own exchange rate, which value is a comparison of the value of a currency with other currencies called foreign exchange rates. Information of the rupiah against the US dollar generally is considered by companies in Indonesia, because the US Dollar is used by the company in general to make the payment of production materials and other business transactions. The exchange rate is also very influential for companies that want to invest, because if the foreign exchange

Research paper thumbnail of The Effect of Profitability, Leverage, and Growth Opportunity on Hedging Activities in 2017 (Study on BUMN Listed on Indonesia Stock Exchange)

Proceedings of the 3rd Asia Pacific International Conference of Management and Business Science (AICMBS 2019), 2020

This study was done to determine the effect of Return on Assets (ROA), Debt to Equity Ratio (DER)... more This study was done to determine the effect of Return on Assets (ROA), Debt to Equity Ratio (DER), and Growth Opportunities for Hedging activities in 2017. The objects of research are state-owned companies listed on the Indonesia Stock Exchange. The sampling technique employed was the purpose-sampling method. This method obtained 19 companies that met the criteria from total of 20 companies in one year. The type of data used was secondary data and the method used was descriptive analysis and logistic regression using the overall model fit, R Square, and T Test. The results show that Return on Assets affects the hedging activity, whereas Debt to Equity Ratio and Growth Opportunities do not affect hedging activities.

Research paper thumbnail of Training of Coconut Business Strategies as Micro, Small Business, Medium Enterprises in Meruya Selatan Village

ICCD, Dec 14, 2018

The development of the industrial sector, whether large, medium, small, micro or home industry, i... more The development of the industrial sector, whether large, medium, small, micro or home industry, is basically an effort to improve the standard of living and welfare of the people. The development of the industrial sector is an activity directed towards developing the industry by increasing added value and can create jobs for the community. The household industry also requires workers both adults and young people who have skills. Workers in the production process can come from the family, the surrounding community or outside the area. Therefore a strategy is needed that can empower sustainable communities. Efforts to mobilize resources to develop the potential of the community by developing an entrepreneurial spirit. One form of entrepreneurship is the processing of coconut which can be done on a home industry scale in the Kembangan District area, especially in the South Meruya Village. This location has a location adjacent to the coconut producing area in Banten Province. This service has the purpose of conducting entrepreneurial training by raising awareness of the potential that is owned, knowing and knowing how to obtain raw materials, carrying out the production process and marketing of processed products. The number of participants invited as many as 30 people consisting of people in various RTs in various villages in South Meruya District. The method of implementing this activity refers to a sustainable coaching program. through several stages of business training, mentoring, handling and business networks. The results of the training evaluation revealed that participants stated that training was very useful to improve understanding regarding the effectiveness of interpersonal communication in coconut management.

Research paper thumbnail of The Application of Risk Management Practices at PT XYZ: Case Study at Industrial Estate Company in 2018)

International Journal of Innovative Research and Development

Research paper thumbnail of Stock Price Index (Cspi)In Indonesia Stock Exchange (Idx) Period 2014-2018

Dinasti International Journal of Economics, Finance & Accounting

This study aims to determine the effect of the BI rate, the dollar exchange rate, the yuan exchan... more This study aims to determine the effect of the BI rate, the dollar exchange rate, the yuan exchange rate, the Dow Jones index, the Shanghai index and world oil prices on the composite stock price index (CSPI). The data used is the period from January 2014 to December 2018 with the multiple regression analysis method. The results showed that the BI rate, Dollar Exchange, Yuan Exchange, Dow Jones, SSE Composite Index and WTI were able to explain the 91.8% effect on CSPI and the remaining 8.2% explained by other variables not examined. T test results show that partially BI interest rates, the yuan and Shanghai exchange rates do not have a significant effect on CSPI. While the dollar exchange rate, Dow Jones Index and world crude oil prices have a significant influence on the composite stock price index (CSPI) with coefficients respectively - 0.41705, +0.21245 and -7.86373. The independent variable that has the most dominant influence on CSPI is Crude Oil (WTI).

Research paper thumbnail of The Effect of Profitability, Capital Structure, and Corporate Value on Stock Return (Pharmaceutical Sub Sector in Indonesia Stock Exchange 2015-2017)

Dinasti International Journal of Education Management And Social Science

This study aims to examine and analyze the influence of ROA, DER, PBV to return stock in a pharma... more This study aims to examine and analyze the influence of ROA, DER, PBV to return stock in a pharmaceutical company. Phenomena research on sub pharmaceutical sector because in recent years, especially in 2015-2017, pharmaceutical company stock returns decrease compared to other subsectors.The importance of this research was conducted to test and analyze the influence of ROA, DER, and PBV to return stock in companies in the Pharmaceutical Sector Sub listed in the Indonesia Stock Exchange. The study uses annual data for the observation period from 2015 up to 2017. The study was descriptive causality. The data used is the data panel that is a combination of annual time serial data and cross section which is processed using panel data regression analysis. The population is all Pharmaceutical Company listed on the Indonesia Stock Exchange in 2015 until 2017 with a sample of eight companies. The results of this study indicate that Return On Asset (ROA) has no effect and significant on stock...

Research paper thumbnail of The Influence of Fundamental Analysis on Stock Prices: The Case of Food and Beverage Industries

EUROPEAN RESEARCH STUDIES JOURNAL

The objective of this study is to determine the effect of fundamental factors, like Debt to Equit... more The objective of this study is to determine the effect of fundamental factors, like Debt to Equity Ratio (DER), Return on Assets (ROA), Current Ratio (CR), Price Earnings Ratio (PER), and Total Assets Turnover (TATO), towards stock prices. The object of this research is the food and beverage industries listed on the Indonesia Stock Exchange in the period 2012-2015. The study used secondary data obtained from the Indonesia Stock Exchange website (www.idx.co.id). The research design used is causal research methods and the sampling technique used is purposive sampling method. There were 11 out of 17 companies that met the criteria during the four-year observation period. The data was analyzed by panel data regression analysis technique using three approaches-Common Effect, Fixed Effect, and Random Effect. Chow test model, Hausman test, and Lagrange Multiplier test were used for the model selection using F test and tstatistical tesst. The result of the study through the use of F tests indicated that the increase or decrease of stock prices are affected by ROA, CR, DER, TATO and PER. The result of the t-statistic test showed that ROA and TATO have a partial influence on the share price, whereas the DER, CR and PER variables have no affect on the stock price of food and beverage companies.

Research paper thumbnail of Hydroponics for Economic Community Development

ICCD

This paper is about empowering the economy for community development through hydroponics cultivat... more This paper is about empowering the economy for community development through hydroponics cultivation. Pre-activity data on partner community were collected by on site interviews and field observation. From the data analysis, it was suggested to do hydroponics farming for partner community. Training on hydroponics and how to grow plants hydroponically was given. The knowledge and skills about food crops produced by hydroponics cultivation were given through training. It was done by giving interactive lecture and on site practice on November 11, 2018 to fifteen participants, mostly homemakers, from Desa Anggadita, East Karawang, West Java as partner community. All participants were involved in group discussion, and were very happy for the training. They got the knowledge on hydroponics. They knew the many economic and social benefits in doing hydroponics farming. Having the knowledge and skills needed for hydroponics farming and couple with partner community enthusiasms, they were cha...

Research paper thumbnail of Strategy Training for Managing Cooperative Finance in South Meruya Village

ICCD

This training is an activity related to the economic empowerment of the community through coopera... more This training is an activity related to the economic empowerment of the community through cooperatives in partner villages. In order to support community economic empowerment, the counseling and training on managing business units in the scope of cooperatives is very precise. Cooperatives can be interpreted as a business entity that has members in which each member has the duties and responsibilities. Each member has the same voting rights in every decision to be taken. The cooperative financial management is very important in the management of cooperatives. How to manage finances on a cooperative will be delivered to this training. Therefore, this activity will give mentoring and training to the managers of cooperatives in particular and the general public so that the partner will be able to implement in the activities of managing the cooperative finances. The expected outcomes from this activity are: (1) Knowledge development in managing the finance of cooperatives in South Meruya...

Research paper thumbnail of Valuation Pada Initial Public Offering (Ipo) Bank Bri Syariah

SWOT : Jurnal Ilmiah Ilmu Manajemen, 2018

Adding the number of ownership by issuing new shares and selling them to the capital market, is o... more Adding the number of ownership by issuing new shares and selling them to the capital market, is one alternative method used with the aim of increasing the Company's finances, funds and capital. The issuance of the company's initial shares and selling them to the capital market is called the Initial Public Offering. BRI Syariah Bank adds capital by conducting an IPO, so that it is necessary to analyze Stock Prices on the Initial Public Offering (IPO) of BRI Syariah Bank to obtain stock fair value that does not harm the company if the stock price is too low or detrimental to investors due to stock prices too high (over valued). The research problem formulation is: How is the valuation of the initial stock price of BRI Syariah Bank using the Relative Valuation Model method, How is the valuation of the initial stock price of BRI Syariah Bank with the Free Cash Flow to Equity (FCFE) method, and Is the initial stock Under Valued or Over Valued. The researcher analyzed the data obtained using quantitative descriptive methods. The value of Bank BRI Syariah shares calculated using the Relative valuation method and FCFE are in an overvalued position. The initial stock decision taken by the company is correct, that is, if the valuation is done using the Relative Valuation and FCFE methods, the company is already due because the stock price in the market is overvalued.

Research paper thumbnail of Analisis Pengaruh Stock Split Terhadap Volume Perdagangan Dan Harga Saham Pada Perusahaan Terdaftar DI Bursa Efek Indonesia Periode 2011-2017

SWOT : Jurnal Ilmiah Ilmu Manajemen, 2018

Research paper thumbnail of Influence of Compensation and Career on Organizational Culture

Utopía y praxis latinoamericana: revista internacional de filosofía iberoamericana y teoría social, 2021

Research paper thumbnail of Model penetapan harga ipo berdasarkan valuasi studi empiris pada perusahaan tercatat di bursa efek indonesia tahun 2000-2014

Research paper thumbnail of Herawati at all 434-448 MIX

The process of initial public offering of a company to the investors called IPO (Initial Public O... more The process of initial public offering of a company to the investors called IPO (Initial Public Offering). .At time the company do an IPO, the shares price at IPO was an agreement between the company and its underwriter. The phenomenon that occurs is the shares price at IPO lower than the intrinsic shares price based on valuation, after the shares has been traded on the stock exchange, the phenomenon that occurs is IPO share price lower than the closing price on the first day. The purpose of this research is to create a model of how to set the share price at the time the company will conduct IPO based on intrinsic share price valuation results. The valuation method used is the Price to Earning Ratio. Research carried out on companies that did an IPO in 2000-2014 with a purposive sampling of 240 companies. The results showed there was a difference between intrinsic shares prices based on the valuation and the shares price that set at the time of IPO. After the shares listed in the se...

Research paper thumbnail of Micro Influence on Earnings Management in the Basic and Chemical Industrial Sectors in Indonesia

International Journal of Innovative Research and Development, 2019

The method of determining the sample of this study was purposive sampling. In accordance with pre... more The method of determining the sample of this study was purposive sampling. In accordance with predetermination criteria, obtained a sample of 29 companies with an observation period of 3 years so that number of samples was 87 companies. The analysis technique used is the Fixed Effect Models. The result Showed that DER, Sales Growth and ROA did not affect earnings Management. Only Firm Size has a significant positive affect on Earning management.

Research paper thumbnail of Pengaruh Manajemen Modal Kerja Dan Likuiditas Terhadap Profitabilitas Pada Perusahaan Manufaktur DI Subsektor Keramik, Kaca Dan Porselin Yang Terdaftar DI Bursa Efek Indonesia Periode 2009-2016

Jurnal Riset Ekonomi dan Bisnis, 2018

Research paper thumbnail of Analysis of Supply Chain Management Affecting the Underpricing of Companies Conducting Initial Public Offerings (IPO) on Indonesia Stock Exchange in 2018

International Journal of Supply Chain Management, 2020

Abstract- In the initial public offering activities of the company to obtain funds from the publi... more Abstract- In the initial public offering activities of the company to obtain funds from the public, there is often an underpricing phenomenon, which is when the determination of the company's stock price at the time of an IPO is lower than the price that occurs on the secondary market on the first day. This study aims to analyze the influence of supply chain management (underwriter reputation, supply chain management reputation, firm age, and percentage of the public offering to underpricing of companies conducting IPO on the Indonesia Stock Exchange in 2018). Research data were cross-section data with observation period from 2nd January to 31st December 2018. The sampling method used was purposive sampling. From the population of 57 companies conducting IPOs, 54 issuers met the sample criteria. The analytical method used in this study was multiple linear regression. The results showed that the reputation of the underwriter, supply chain management's reputation, firm age, an...

Research paper thumbnail of Effect of Career, Organizational Commitment on Turnover Intention through Mediation of Organizational Culture: Evidence from Indonesian Companies

The goal of this paper is to analyse the effect of career on organisational culture, to examine t... more The goal of this paper is to analyse the effect of career on organisational culture, to examine the influence of the organisation's commitment on organisational culture, to study the influence of career in the intention of turnover and to examine the influence of organisational commitment in the intention of turnover. The analytical approach for this research used the LISREL software for SEM analysis. The population in this research included permanent employees of the Indonesian car industry, totalling 351. The study included Structural Equation Model (SEM). Easy random sampling methods distributed the questionnaire. The results of the survey were 263 respondents. The findings of this study are career-related and have a positive effect on organisational culture, meaning career plays a major role in improving the corporate culture. Organizational engagement is positively and significantly influenced by organisational culture. The career has a negative and significant impact on co...

Research paper thumbnail of Effect of Compensation and Organization Commitment on Tournover Intention with Work Satisfaction as Intervening Variable in Indonesian Industries

The purpose of this study is to analyze the effect of compensation on work satisfaction, the effe... more The purpose of this study is to analyze the effect of compensation on work satisfaction, the effect of organization commitment on work satisfaction, the effect of compensation on turn over intention, the effect of organization commitment on turn over intention, the effect of work satisfaction on turn over intention, the effect of compensation through work satisfaction on turn over intention, The influence of organization commitment through work satisfaction on turn over intention. The method used in this research is quantitative method. Collecting data by distributing questionnaires to 221 managers of the pharmaceutical industries in Indonesia. The method for processing and analyzing data is by using PLS and using SmartPLS version 3.0 software. The questionnaire was distributed using simple random sampling technique. The results of this study indicate that compensation has a positive and significant effect on work satisfaction, organization commitment has a positive and significant ...

Research paper thumbnail of Model Penetapan Harga Ipo Berdasarkan Valuation

: The process of initial public offering of a company to the investors called IPO (Initial Public... more : The process of initial public offering of a company to the investors called IPO (Initial Public Offering). .At time the company do an IPO, the shares price at IPO was an agreement between the company and its underwriter. The phenomenon that occurs is the shares price at IPO lower than the intrinsic shares price based on valuation, after the shares has been traded on the stock exchange, the phenomenon that occurs is IPO share price lower than the closing price on the first day. The purpose of this research is to create a model of how to set the share price at the time the company will conduct IPO based on intrinsic share price valuation results. The valuation method used is the Price to Earning Ratio. Research carried out on companies that did an IPO in 2000 - 2014 with a purposive sampling of 240 companies. The results showed there was a difference between intrinsic shares prices based on the valuation and the shares price that set at the time of IPO. After the shares listed in th...

Research paper thumbnail of Effect of Macro Economic Factors on Stock Prices in Banking Sector Companies in Indonesia Stock Exchange (BEI): Studies on Bumn and Bumd Banks for the Period of 2013 - 2017

International Journal of Innovative Research and Development, Oct 31, 2019

Investment growth in a country will be influenced by the country's economic growth. The better th... more Investment growth in a country will be influenced by the country's economic growth. The better the level of a country's economy, the better the level of prosperity of its population. This higher level of prosperity is generally characterized by an increase in the level of community income. With this increase in income, more and more people will have excess funds, the excess funds can be utilized to be saved in the form of savings or invested in securities that are traded on the capital market. The capital market has an important role for a country's economy because the capital market performs two functions, namely first as a means for business funding or as a means for companies to get funds from the investor community. Funds obtained from the capital market can be used for business development, expansion, addition of working capital and others. Both capital markets become a means for people to invest in financial instruments. According to Lusiana Silim (2013), stock prices are influenced by many internal and external factors. Internal factors are factors that are directly related to the performance and condition of the company as seen from the financial statement data. While external factors are factors that are not directly related to the condition of the company but factors outside the company can be seen from macroeconomic conditions such as inflation rates, gross domestic product, the money supply, the BI rate and so forth. Economic growth with the acquisition of high gross domestic product is a picture of the welfare of production factors that also contribute to creating national welfare from both the real sector and the non-real sector. This means that the greater the Gross Domestic Product, the higher the productivity of production factors and the higher the activity in the domestic stock exchange in creating national independence. The value of GDP consistently increases every year until the largest GDP is achieved in 2017 in the amount of Rp 9,912,703.60 billion with a stock price of 4,038.57 million. But the increase in GDP is not always in line with the rise in the stock price index. Along with the increase in the number of GDP in Indonesia, in 2015 the share price experienced a decrease of 2,057.45 million due to the weakening of the rupiah exchange rate and a decrease in interest rates that resulted in slowing economic growth. The rupiah exchange rate is a comparison of the value of the rupiah price with the price of foreign currencies, each country has its own exchange rate, which value is a comparison of the value of a currency with other currencies called foreign exchange rates. Information of the rupiah against the US dollar generally is considered by companies in Indonesia, because the US Dollar is used by the company in general to make the payment of production materials and other business transactions. The exchange rate is also very influential for companies that want to invest, because if the foreign exchange

Research paper thumbnail of The Effect of Profitability, Leverage, and Growth Opportunity on Hedging Activities in 2017 (Study on BUMN Listed on Indonesia Stock Exchange)

Proceedings of the 3rd Asia Pacific International Conference of Management and Business Science (AICMBS 2019), 2020

This study was done to determine the effect of Return on Assets (ROA), Debt to Equity Ratio (DER)... more This study was done to determine the effect of Return on Assets (ROA), Debt to Equity Ratio (DER), and Growth Opportunities for Hedging activities in 2017. The objects of research are state-owned companies listed on the Indonesia Stock Exchange. The sampling technique employed was the purpose-sampling method. This method obtained 19 companies that met the criteria from total of 20 companies in one year. The type of data used was secondary data and the method used was descriptive analysis and logistic regression using the overall model fit, R Square, and T Test. The results show that Return on Assets affects the hedging activity, whereas Debt to Equity Ratio and Growth Opportunities do not affect hedging activities.

Research paper thumbnail of Training of Coconut Business Strategies as Micro, Small Business, Medium Enterprises in Meruya Selatan Village

ICCD, Dec 14, 2018

The development of the industrial sector, whether large, medium, small, micro or home industry, i... more The development of the industrial sector, whether large, medium, small, micro or home industry, is basically an effort to improve the standard of living and welfare of the people. The development of the industrial sector is an activity directed towards developing the industry by increasing added value and can create jobs for the community. The household industry also requires workers both adults and young people who have skills. Workers in the production process can come from the family, the surrounding community or outside the area. Therefore a strategy is needed that can empower sustainable communities. Efforts to mobilize resources to develop the potential of the community by developing an entrepreneurial spirit. One form of entrepreneurship is the processing of coconut which can be done on a home industry scale in the Kembangan District area, especially in the South Meruya Village. This location has a location adjacent to the coconut producing area in Banten Province. This service has the purpose of conducting entrepreneurial training by raising awareness of the potential that is owned, knowing and knowing how to obtain raw materials, carrying out the production process and marketing of processed products. The number of participants invited as many as 30 people consisting of people in various RTs in various villages in South Meruya District. The method of implementing this activity refers to a sustainable coaching program. through several stages of business training, mentoring, handling and business networks. The results of the training evaluation revealed that participants stated that training was very useful to improve understanding regarding the effectiveness of interpersonal communication in coconut management.

Research paper thumbnail of The Application of Risk Management Practices at PT XYZ: Case Study at Industrial Estate Company in 2018)

International Journal of Innovative Research and Development

Research paper thumbnail of Stock Price Index (Cspi)In Indonesia Stock Exchange (Idx) Period 2014-2018

Dinasti International Journal of Economics, Finance & Accounting

This study aims to determine the effect of the BI rate, the dollar exchange rate, the yuan exchan... more This study aims to determine the effect of the BI rate, the dollar exchange rate, the yuan exchange rate, the Dow Jones index, the Shanghai index and world oil prices on the composite stock price index (CSPI). The data used is the period from January 2014 to December 2018 with the multiple regression analysis method. The results showed that the BI rate, Dollar Exchange, Yuan Exchange, Dow Jones, SSE Composite Index and WTI were able to explain the 91.8% effect on CSPI and the remaining 8.2% explained by other variables not examined. T test results show that partially BI interest rates, the yuan and Shanghai exchange rates do not have a significant effect on CSPI. While the dollar exchange rate, Dow Jones Index and world crude oil prices have a significant influence on the composite stock price index (CSPI) with coefficients respectively - 0.41705, +0.21245 and -7.86373. The independent variable that has the most dominant influence on CSPI is Crude Oil (WTI).

Research paper thumbnail of The Effect of Profitability, Capital Structure, and Corporate Value on Stock Return (Pharmaceutical Sub Sector in Indonesia Stock Exchange 2015-2017)

Dinasti International Journal of Education Management And Social Science

This study aims to examine and analyze the influence of ROA, DER, PBV to return stock in a pharma... more This study aims to examine and analyze the influence of ROA, DER, PBV to return stock in a pharmaceutical company. Phenomena research on sub pharmaceutical sector because in recent years, especially in 2015-2017, pharmaceutical company stock returns decrease compared to other subsectors.The importance of this research was conducted to test and analyze the influence of ROA, DER, and PBV to return stock in companies in the Pharmaceutical Sector Sub listed in the Indonesia Stock Exchange. The study uses annual data for the observation period from 2015 up to 2017. The study was descriptive causality. The data used is the data panel that is a combination of annual time serial data and cross section which is processed using panel data regression analysis. The population is all Pharmaceutical Company listed on the Indonesia Stock Exchange in 2015 until 2017 with a sample of eight companies. The results of this study indicate that Return On Asset (ROA) has no effect and significant on stock...

Research paper thumbnail of The Influence of Fundamental Analysis on Stock Prices: The Case of Food and Beverage Industries

EUROPEAN RESEARCH STUDIES JOURNAL

The objective of this study is to determine the effect of fundamental factors, like Debt to Equit... more The objective of this study is to determine the effect of fundamental factors, like Debt to Equity Ratio (DER), Return on Assets (ROA), Current Ratio (CR), Price Earnings Ratio (PER), and Total Assets Turnover (TATO), towards stock prices. The object of this research is the food and beverage industries listed on the Indonesia Stock Exchange in the period 2012-2015. The study used secondary data obtained from the Indonesia Stock Exchange website (www.idx.co.id). The research design used is causal research methods and the sampling technique used is purposive sampling method. There were 11 out of 17 companies that met the criteria during the four-year observation period. The data was analyzed by panel data regression analysis technique using three approaches-Common Effect, Fixed Effect, and Random Effect. Chow test model, Hausman test, and Lagrange Multiplier test were used for the model selection using F test and tstatistical tesst. The result of the study through the use of F tests indicated that the increase or decrease of stock prices are affected by ROA, CR, DER, TATO and PER. The result of the t-statistic test showed that ROA and TATO have a partial influence on the share price, whereas the DER, CR and PER variables have no affect on the stock price of food and beverage companies.

Research paper thumbnail of Hydroponics for Economic Community Development

ICCD

This paper is about empowering the economy for community development through hydroponics cultivat... more This paper is about empowering the economy for community development through hydroponics cultivation. Pre-activity data on partner community were collected by on site interviews and field observation. From the data analysis, it was suggested to do hydroponics farming for partner community. Training on hydroponics and how to grow plants hydroponically was given. The knowledge and skills about food crops produced by hydroponics cultivation were given through training. It was done by giving interactive lecture and on site practice on November 11, 2018 to fifteen participants, mostly homemakers, from Desa Anggadita, East Karawang, West Java as partner community. All participants were involved in group discussion, and were very happy for the training. They got the knowledge on hydroponics. They knew the many economic and social benefits in doing hydroponics farming. Having the knowledge and skills needed for hydroponics farming and couple with partner community enthusiasms, they were cha...

Research paper thumbnail of Strategy Training for Managing Cooperative Finance in South Meruya Village

ICCD

This training is an activity related to the economic empowerment of the community through coopera... more This training is an activity related to the economic empowerment of the community through cooperatives in partner villages. In order to support community economic empowerment, the counseling and training on managing business units in the scope of cooperatives is very precise. Cooperatives can be interpreted as a business entity that has members in which each member has the duties and responsibilities. Each member has the same voting rights in every decision to be taken. The cooperative financial management is very important in the management of cooperatives. How to manage finances on a cooperative will be delivered to this training. Therefore, this activity will give mentoring and training to the managers of cooperatives in particular and the general public so that the partner will be able to implement in the activities of managing the cooperative finances. The expected outcomes from this activity are: (1) Knowledge development in managing the finance of cooperatives in South Meruya...