Rescollacomm (E-Journals)
Not a member yet
727 research outputs found
Sort by
Analysis of the French Five Factors Fama Model on Excess Return of Stocks Listed on IDXBUMN20 for the Period 2020-2023
Get PDFExcess return is the difference between the rate of return earned on an investment and the rate of risk-free return in a given period. This shows how much return is received because they are willing to take risks in investing. This study aims to analyze the Fama French Five Factor model on the excess return of stocks listed in IDXBUMN20 2020-2023 period. The factors in the model are market factors, size factors, book to market ratio, profitability, and investment. The population in this study amounted to 20 companies registered in the IDXBUMN20 index, the sample selection in this study used the purposive sampling method and a sample of 12 companies was obtained. The data used in the study are close price, number of shares outstanding, Bank Indonesia (BI) interest rate, and company financial statements. The analysis method used was the Common Effect Model (CEM) panel data regression analysis. Based on hypothesis testing, market factors were obtained which only had an effect on excess returns. This factor shows the influence of the ups and downs of market performance on the price of a stock
Comparison of Islamic and Conventional Bank Stock Portfolio Performance Using the Markowitz Model: Risk and Return Analysis on Four Selected Issuers
Get PDFThis study aims to compare the performance of Islamic and conventional bank stock portfolios in Indonesia using the Markowitz Model approach that focuses on return and risk optimization. The object of research includes four banking issuers, namely BBCA and BBNI (conventional), and BRIS and BTPS (sharia), with daily closing price data during the period March 2020 to March 2021. Calculations were made on expected return, risk (standard deviation), sharpe ratio, and optimal portfolio composition. The results show that the Islamic stock portfolio has a higher expected return (0.009385) than the conventional portfolio (0.001652), but is accompanied by greater risk. Nevertheless, the efficiency of the Islamic portfolio remains competitive based on the sharpe ratio indicator and the ratio of return to variance. The optimal composition in the Islamic portfolio is dominated by BTPS stocks (68.69%), while in the conventional portfolio it is dominated by BBNI stocks (62.19%). These findings suggest that an Islamic bank stock portfolio can be an investment alternative that is not only ethical, but also financially superior in terms of risk and return
Actuarial Analysis of PNS Group III/D Pension Fund: Comparison of Projected Unit Credit and Individual Level Premium Methods
Get PDFIndonesia’s Civil Servants (PNS) pension system uses a defined benefit scheme managed by PT Taspen (Persero). However, the scheme faces serious challenges such as increasing life expectancy, a growing number of retirees, and an imbalance in pension contributions and liabilities. Evaluation of the liability calculation method is important to ensure the sustainability of the system. This study aims to compare the Projected Unit Credit (PUC) and Individual Level Premium (ILP) methods in calculating the pension fund for PNS Group III/D. This research uses a quantitative approach through actuarial simulation of data on civil servants of Group III/D with the assumptions of salary, retirement age, and annual salary increase. The analysis is done by calculating Actuarial Liability and Normal Cost for each method. The results show that the PUC method produces a Normal Cost that increases with the age of participants, while ILP provides a fixed contribution even though it is larger at the beginning. Both Actuarial Liability values also increase as the retirement age approaches, but ILP tends to be higher at all ages. From the manager\u27s perspective, ILP is more stable and planned, while PUC is lighter on participants at the beginning and takes into account salary increases. Therefore, the choice of method must consider the ability of the agency to pay contributions consistently and the expectations of participants to get decent retirement benefits. The results of this study are expected to be taken into consideration in improving a fairer and more sustainable pension system for PNS, especially Group III/D
A Comparative Study of Projected Unit Credit and Attained Age Normal Methods for Actuarial Liability Estimation: A Case Study of PT Taspen
Get PDFThe selection of an appropriate actuarial liability calculation method will help PT Taspen (Persero) to ensure the adequacy of pension funds that must be prepared, optimize pension fund management, and reduce the risk of future underfunding. This study aims to analyze the comparison between the Projected Unit Credit and Attained Age Normal methods in the context of estimating actuarial liabilities at PT Taspen (Persero), and evaluate how the differences in these methods affect pension fund planning and management. Through this analysis, it is expected to find a method that is more suitable for the characteristics of pension participants and the long-term needs of PT Taspen (Persero) in ensuring the sustainability of an efficient pension program. Comparative descriptive research was conducted in this study to describe the comparison of the results of estimating actuarial liabilities from two methods: Projected Unit Value (PUC) and Attained Age Normal (AAN) and assess their impact on funding conditions. In total, the value of actuarial liabilities generated by the PUC method is slightly higher at Rp421,875,241,393.40, compared to the AAN method of Rp420,746,185,877.40. This difference shows that the method used in the calculation greatly affects the amount of liabilities that must be met by the pension fund
Comparison of Dengue Hemorrhagic Fever (DHF) Cases Between Male and Female in Bandung City
Get PDFDengue Hemorrhagic Fever (DHF) is an infectious disease that is a serious health problem in tropical regions such as Indonesia, including Bandung City, which has a high population density and environmental conditions that support the development of the Aedes aegypti vector. This study aims to determine the difference in the number of DHF cases between men and women in Bandung City during the period 2023-2024. Secondary data were obtained from two different sources and analyzed using the chi-squared statistical test. The combined results show that the number of DHF cases in men was 1,607 cases, which shows a higher number compared to women, who had 1,590 cases. The calculated value in 2023 was 0.65, and in 2024, it was 0.015. While the combined data in 2023-2024 had a X2 Value of 0.5708. This shows that the results of the three calculations are smaller than the X2 Table value of 3.84 (α = 0.05; df = 1), so the null hypothesis is accepted and the alternative hypothesis is rejected. Thus, it can be concluded that there is no significant difference in the number of dengue fever cases between men and women. This finding suggests that gender is not a determining factor in the spread of dengue fever cases in Bandung City
Multiple Linear Regression Analysis of Factors Influencing Human Development Index By Regency/City in East Java Province in 2024
Get PDFThe Human Development Index (HDI) is an indicator used to assess the success of human development. The Human Development Index (HDI) is used to measure the impact of efforts to improve basic human capital capabilities. Based on BPS data, the HDI in East Java has consistently increased and has reached a high category, however, when compared to DKI Jakarta and DI Yogyakarta, the HDI in East Java is still relatively low. This study aims to determine the factors that influence the HDI in East Java Province. The research data are the 2024 HDI data for East Java Province obtained from the BPS of Lamongan Regency and the BPS website of East Java Province. This study uses the multiple linear regression method with RStudio software. Based on the results of the study, the multiple linear regression model with HLS, RLS, UHH, and GK factors has an influence of 97.94% on the HDI in East Java Province, while the TPT does not show a significant influence on the HDI in East Java Province
Strategic Management Practices of PT Bank Central Asia Tbk: Navigating Challenges and Leveraging Opportunities in Indonesia\u27s Banking Sector
Get PDFThis paper provides an in-depth analysis of strategic management practices employed by PT Bank Central Asia Tbk (BCA), one of Indonesia\u27s leading banks. The study investigates BCA\u27s strategic initiatives across multiple dimensions including organizational strategy, competitive positioning, customer service enhancement, digital transformation, and sustainability efforts. Through a strategic management lens, the analysis examines how BCA has navigated challenges and capitalized on opportunities in the dynamic banking landscape of Indonesia. Key strategic decisions, such as market segmentation, product innovation, and technology adoption, are explored to understand their impact on BCA\u27s market leadership and financial performance. Additionally, the paper discusses the role of corporate governance and leadership in driving BCA\u27s strategic objectives forward
Strengthening Community-Based Tourism through Eco-Edu Tourism Innovation in Baha Village
Get PDFThis community engagement programme aimed to enhance the capacity of tourism practitioners in Baha Tourism Village, located in Badung Regency, by adopting an eco-edu tourism innovation approach. Although Baha Village possesses strategic potential as a tourist destination, it currently faces three primary challenges: suboptimal institutional structures and human resources, limited innovation in tourism products, and weak marketing strategies. The activities conducted included educational outreach, focus group discussions (FGDs), and assessments of participants’ understanding through pre-tests and post-tests. The content focused on institutional strengthening, the development of tourism products based on local potential, and strategies for digital branding and marketing. The results indicated a significant improvement in participants\u27 understanding of eco-edu tourism concepts and management practices. In addition, several innovative ideas for tourism development emerged, such as the creation of an educational flower garden and the exploration of wellness tourism opportunities. Evaluation of the programme also showed a positive response from participants, in terms of content quality, enthusiasm for further learning, and a strong commitment to applying the acquired knowledge. This initiative is expected to serve as an initial step towards the revitalisation of Baha Tourism Village, while also offering a potential model for sustainable village tourism development that directly empowers local communities
Circular Economy Socialization for the General Public Around the Citarum River Basin
Get PDFEnvironmental issues are becoming increasingly concerning and endangering the life of the ecosystem on this earth. The environmental problems faced will certainly endanger human life now and for future generations. The issue of sustainability has become a very interesting study to discuss, both by academics, practitioners, relevant authorities, and even the general public, especially in developing countries. The concept of the five Rs: Reduce, Reuse, Recycle, Repair, and Recover, which has long been offered as a solution to reduce industrial waste, community waste, and family (household) waste, continues to be developed and is now the concept of the circular economy. The trending concept of the circular economy must be disseminated so that everyone realizes the importance of playing a role in realizing a circular economy for the sustainability of life in the future. This is the background to the implementation of the Student Creativity Program (PKM) with the topic of the Circular Economy for the General Public. The PKM was carried out offline and targeted the participants\u27 understanding and interest in the circular economy. After the PKM implementation, understanding of the circular economy increased; where initially the community was not familiar with and familiar with the circular economy, after participating in the socialization showed a change in paradigm and attitudes, as well as knowledge about the circular economy
Empowerment Strategy for BUMDes-Assisted MSMEs through Management and Technology Innovation in Tanara Village
Get PDFBUMDes Tanara, located in Tanara District, Serang Regency, Banten Province, has good potential for empowering MSMEs fostered by Tanara BUMDes. Tanara BUMDes has developed partnerships with home industries that are capable of competing with other home industry products in the vicinity of Tanara Village and with various MSME products. Home industry actors frequently encounter challenges such as the absence of technology in their production processes, business mentoring and socialization activities conducted by BUMDes or other entities, and marketing that is still performed manually and does not take advantage of e-commerce assistance or technology. This community service aims to provide knowledge and skills to BUMDes fostered partners in increasing the use of technology and business mentoring, especially in marketing, which the PKM team will carry out through socialization and salesmanship training. Therefore, the community service carried out by the PKM team of Bina Bangsa University, funded by DPPM Kemendiktisaintek, for the Fiscal Year 2025, can provide solutions to Tanara BUMDes fostered partners. The method used was gradual outreach and counseling for BUMDes Tanara\u27s fostered partners. The results of the outreach and counseling activities conducted by the Community Partnership Empowerment (PKM) team demonstrated that mentoring and outreach regarding science and high technology needs for the home industry players, fostered by BUMDes Tanara