974 research outputs found
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Stock valuation before and after the COVID-19 pandemic: Free Cash Flow to Firm (FCFF) and relative valuation approach with Discounted Cash Flow (DCF) valuation method
No full textPurpose: This study compares the valuation of hospital companies in the healthcare sector in Indonesia before and during the Covid-19 pandemic on the Indonesia Stock Exchange (IDX). Global crises, including the Covid-19 pandemic, have had a significant impact on stock prices in the IDX and have affected company valuations. Therefore, it is important to study the valuation of stocks in the healthcare sector, especially in hospital companies that are directly related to the pandemic. This research is expected to provide important lessons about stock valuation in the future if a similar phenomenon occurs.
Method: This research focuses on the period before Covid-19 and the period during the peak of Covid-19, specifically in July 2021. This study compared the stock valuations of three hospital companies: HEAL, MIKA, and SILO. The valuation methods used are Discounted Cash Flow using the Free Cash Flow to Firm model and Relative Valuation using PBV and PER.
Results: From the research results, it is known that there has been an increase in the intrinsic value (value per share) of SILO, MIKA, and HEAL from the period before Covid-19 and after the peak of Covid-19 in either pessimistic, moderate, and optimistic scenarios. This increase in intrinsic value is followed by an increase in share prices. MIKA’s valuation did not change in the three scenarios, whereas SILO and HEAL changed only in moderate scenarios. In the relative valuation analysis, there was an increase in PER for SILO, HEAL, and MIKA before and after the peak of Covid-19
Proposed business model for PT. SHR in contractor business
No full textPurpose: The business issue to fill in the gap of sales increase and scale up the business, will be the purpose of this research.
Research Methodology: The study conducts the qualitative approach. The data gained through the interview to key persons and the project's visit. Finding out how the sales growth was not as significant as previous years, and formulating the proposed business model strategy for this growing company. The business model strategy in the research, utilizes the Business Canvas Model – a one-page tool to visualize the business nine essential elements.
Results: The business model development is evaluating the business model within each of the building blocks regarding the questions list tools. First, presents a big picture assessment of PT. SHR and describe how the company has built strategically on that model since. Second, based on a set of checklists for assessing current business model strengths, weaknesses, opportunities, and threats (SWOT). The business model development results in the New Business Model Canvas. The New Business Model Canvas resulted in incremental innovation for PT. SHR. There are the additions of elements in each building block that connected to another. The additional elements are: the new customer segment and new value propositions that projected the new high of sales that produce the revenue stream with the control of cost spending. The realization of the new value proposed creates additional elements of the infrastructures that are the key resources, key activities, and key partnerships. At the end, the company delivers the value proposed to meet the customers through the customer interface that is the new customer segment, integrated channel, and a new customer relation element. This proposed new value proposition is the company scale up the contractor business to the housing developer. Thus, how the new business model strategy generates multiple sales and income
Right to health services for people with HIV/AIDS in Bandarlampung: Challenges and fulfillment
No full textPurpose: This study aimed to determine how the right to health services is fulfilled for people living with HIV/AIDS (PLWHA) in Bandar Lampung City and what are the obstacles to fulfilling the right to health services for HIV/AIDS sufferers there.
Research Methodology: This research uses empirical normative research that employs a literature study approach and research directly at the research location. The data sources for this research were the library and field data.
Results: The research results show that: (1) Fulfillment of the right to health services for people with HIV/AIDS in Bandar Lampung City has been implemented in accordance with Minister of Health Regulation (PMK) Number 23 of 2022 concerning the Management of HIV AIDS and Sexually Transmitted Infections. Fulfillment is realized by the availability of health services for HIV/AIDS sufferers in hospitals, community health centers, and organizations that focus on HIV/AIDS issues and have special programs for HIV/AIDS sufferers.
Limitations: In reality, there are still obstacles faced in fulfilling the right to health services for people with HIV/AIDS in Bandar Lampung City, namely inadequate financial support, antiretroviral drugs that are still dependent on the center, as well as stigma and discrimination by health workers towards HIV/AIDS sufferers.
Contribution: Human Immunodeficiency Virus (HIV) / Acquired Immune Deficiency Syndrome (AIDS) has been declared a world pandemic and a disease that is a serious health problem. HIV/AIDS sufferers sometimes experience difficulties in getting health services
Conservation of Palm Wine Using Ultraviolet Radiation
No full textPurpose
This study investigated the conservation of palm wine using ultraviolet radiation.
Research Methodology
The palm wine was conserved by sterilization with ultraviolet rays sterilizer. The time of contact of the rays and the intensity of the rays with palm wine was varied. The microorganisms considered include mould, yeast and bacteria.
Results
Results obtained shows that the microbial load of sterilized palm wine decreased with time of contact with rays. The microbial loads of the wine before and after sterilization were determined. More so, the microbial load further decreased during storage of sterilized samples. In fact, sterilization time of 240 seconds (4 minutes) reduced the mould and yeast from to and then to zero after 10 days of preservation.
Limitation
This research did not consider the effect of stirring on the microbial load reduction.
Contribution
This research has established an ideal sterilization time of 240 seconds (4 minutes) for palm wine sterilization
The Influence of Organizational Behavior and Finger Print Technology on Employee Work Discipline at The Palopo City Land Office
No full textPurpose: The aim of this research is that researchers want to determine whether organizational behavior and fingerprint technology influence the work discipline at the Palopo City Land Office.
Research methodology: Quantitative methods were used in this study. This research was conducted at the Palopo City Land Office between October and November 2023. Data were obtained by distributing questionnaires to 80 respondents. The collected data were tested using multiple linear regression analysis with SPSS statistics application program version 20 to test two or more independent variables against the dependent variable.
Results: From the results of the T test, it is proven that the organizational behavior variable has a partial effect on work discipline at the Palopo City Land Office, and that the fingerprint technology variable has a partial effect on work discipline at the Palopo City Land Office. The test results from this research show that fcount > Fiable or 117,552 3.11, with a significance value of 0.001 < 0.05, can be said to be significant because this proves that organizational behavior and fingerprint technology have a positive effect on work discipline.
Implementation: Thus, it can be concluded that all independent variables in this research work together or simultaneously on the dependent variable. The coefficient of determination in this study was also 0.753 or 75.3%, which shows that organizational behavior and fingerprint technology can influence changes in work discipline, while the remaining 24.7% is explained by other factors outside of this research
Impact of employee competency, budget planning, and ERP on the budget implementation performance
No full textPurpose: This study analyzes the impact of employee competency, budget planning, and enterprise resource planning (ERP)-based information systems on the performance of budget implementation in state financial management.
Method: A quantitative approach was used, with data collected via a survey questionnaire distributed in December 2023. The questionnaire used a Likert scale ranging from 1 to 6. Respondents were selected through purposive sampling, targeting officials or staff managing state finances in the Working Unit of the Bureau for General Affairs and Procurement Goods/Service of the Ministry of Marine Affairs and Fisheries of Indonesia. The final sample consisted of 32 observations and was analyzed using SmartPLS 3.0.
Results: The study found that Employee competency positively impacts budget implementation performance in state financial management. However, budget planning and ERP-based information systems did not significantly influence budget implementation performance.
Limitations: The sample size of the study was limited because of the limited time for data collection. Furthermore, the study focused solely on officials responsible for managing state finances, excluding Budget Planners and Procurement Officers, who also played a vital role in the budget process.
Contribution: This study provides valuable insights for future studies and serves as a reference for improving government performance. It also offers practical recommendations for decision makers.
Novelty: This study introduces new indicators based on current regulations, focusing on ERP-based systems in Indonesia's public sector. The SAKTI system, an ERP-based budget implementation tool, was fully implemented across all Ministries/Agencies in Indonesia by 2022, making this study particularly timely
Implementation of AI-driven automation: A game-changer in accounting research
No full textPurpose: This study examined the implementation of Artificial Intelligence-driven Automation as a game changer in accounting research. Specifically, this study assessed the advantages and disadvantages of AI-driven automation in enhancing the quality of accounting research.
Methods: A descriptive survey design was used in the study. The study sample comprised of 137 accounting academics. Primary data for this study were collected using a structured questionnaire. The collected data were assigned quantitative measurements using a Likert scale system of ranks. Descriptive analytical tools (frequency and mean-point analyses) were used to analyze the data with the aid of the SPSS version 25 software.
Results: The findings show a general consensus that AI-driven automation enhances the accuracy, efficiency, and comprehensiveness of accounting research, with high acceptance of its benefits. However, there are notable concerns about potential drawbacks such as reduced originality, difficulties in validation, and the risk of introducing biases or compromising ethical standards.
Limitations: This study’s limitations include a narrow sample of academics, potential response biases, and the inability to assess long-term AI impacts across diverse accounting professionals.
Contribution: The implementation of AI-driven automation represents a game-changer in accounting research because it offers new opportunities to enhance the quality, efficiency, and scope of academic inquiry, as well as challenges and risks that must be carefully managed to ensure that the benefits of AI are fully realized while maintaining the integrity and rigor of the research process. Therefore, this study recommends that academic institutions and research ethics committees develop workable training programs that emphasize the importance of maintaining human oversight, creativity, and ethical standards when utilizing AI-driven automation in accounting research
Legal analysis of civil law settlement in the perspective of criminal legal settlement
No full textPurpose: This thesis aims to analyze in depth the settlement of civil law from the perspective of criminal law settlement. With the background of the complexity and interaction between the civil and criminal legal systems that often affect the way legal disputes are resolved. The main focus of this study is to explore how the mechanism of civil dispute resolution interacts with the criminal settlement process, as well as its impact on the rights and obligations of the parties involved.
Research Methodology: The research method used is a conceptual approach with normative analysis of laws and regulations, relevant legal practices and library research. The conceptual approach is intended to analyze legal materials so that the meaning contained in legal terms can be known. This is done as an effort to obtain new meanings contained in the terms studied or to test the legal terms in theory and practice. While library research is a study that uses library literature by studying books, books or other information that is relevant to the scope of the discussion
Results: In the criminal law process, it often has a significant impact on the resolution of civil disputes, both in the form of determining responsibility and influencing civil court decisions. On the other hand, the outcome of the civil legal process can affect the course of the criminal process, especially in cases involving the same elements.This study suggests the need for better harmonization and coordination efforts between the civil and criminal legal systems to ensure more optimal justice and efficiency in dispute resolution. Thus, it is hoped that the legal system can provide fairer and more comprehensive solutions for all parties involved
The influence of motivation, work culture and work environment on performance through empowering managers of village-owned enterprises (BumDesa) in the Riau Islands Province
No full textPurpose: This study analyzes the influence of motivation, work culture, and work environment on the performance of Village-Owned Enterprise Management (Bum Desa) with empowerment as an intervening variable in the Riau Islands Province. In 2023, of the 249 villages in the Riau Archipelago Province, only 10 (ten) Village BUMs, 4 (four)% of which were classified as Advanced Village BUMs. Village BUMs with a Developing classification are only 34 (34) Village BUMs 8.5% (eight point five). Meanwhile, the rest are still basic qualifications and are growing.
Methods: Using primary data from 302 managers of Village-Owned Enterprises, this study found that work culture and work environment did not have a significant direct effect on empowerment.
Results: In contrast, motivation, work culture, and work environment were proven to have a significant influence on performance, highlighting the importance of work culture and work environment for improving performance.
Recommendations: The proposed recommendation is to focus on improving work culture, work environment and empowerment as well as other aspects that have a more direct influence on performance
The impact of innovation, corporate social responsibility, environmental practices, and organizational culture on organizational sustainability
No full textPurpose: This study analyzes how corporate social responsibility (CSR), innovation, and environmental policies influence organizational sustainability. It also examines how organizational culture mediates these factors to enhance overall performance.
Research Methodology: This study employed a quantitative research design and distributed structured questionnaires to employees and managers in various industries. The data were analyzed using Structural Equation Modeling (SEM) to assess the relationships between the independent variables (innovation, CSR, and environmental practices), mediating variable (organizational culture), and dependent variable (organizational sustainability).
Results: The findings show that Environmental practices, CSR, and innovation significantly improve organizational sustainability. The relationship between these independent variables and organizational performance was found to be mediated by organizational culture. In particular, a strong organizational culture amplifies the benefits of these factors on performance, indicating that cultivating a strong culture is essential for attaining sustainability.
Contribution: This study advances our understanding of organizational sustainability by presenting data on important factors and the mediating function of organizational culture. This provides practitioners and policymakers with helpful ideas on how to use these characteristics to enhance performance.
Originality: A comprehensive model of organizational sustainability was created by combining five independent, mediating, and dependent variables. It presents a fresh viewpoint on how internal variables amplify the influence of sustainability drivers by highlighting the function of organizational culture and offering a comprehensive strategy for enhancing sustainability