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Dampak guncangan variabel makroekonomi terhadap beta indeks sektoral di bursa efek indonesia periode 2001-2015
Get PDFSystematic risk is measured using a beta (β) market, the beta of a security relative to market risk. The use of beta as a measure of market risk due to that market beta measuring the response of each of the securities to market movements. Beta is also used to measure the volatility of a stock or portfolio return within a certain Waku. The beta value of a security is important for investors because it is through the beta value investors can mengalisis such securities and the value of beta is also a consideration in the form of a portfolio investor. The changes that occur in macro economic factors have the potential to increase or decrease the systematic risk. Research on the sector beta as a proxy yields and stock market risk indicators were by (Hadad et al. 2004) in the period of 1996-2004 beta value fluctuates with negative and positive values, but the average value of beta is relatively in line with the market. However, this study has not put any suspected macro economic factors have an impact on systemic risk in the capital market so interesting to do research on the impact of macroeconomic factors on beta-sector index in the Indonesia Stock Exchange in the period before the crisis, and after the global finansial crisis.
Beta stocks used were beta stock of 10 sectoral indices listed on Indonesia Stock Exchange namely agriculture, mining, basic industry, various industries, consumer goods, manufacturing, property, infrastructure, finance and trade. Macroeconomic variables used were external macroeconomic variables, fedrate, dow jones index, oil price and internal macroeconomic variables, namely inflation, industrial production index (IPI), exchange rate (Kurs) and interest rate (SBI). The method used is the analysis of VAR / VECM using impulse response function (IRF) and forecast error variance decomposition (FEVD) the study period 2001-2015.
The result of the research showed that stock of agriculture and mining sectors which classified as primary sector were aggressive stock in responding to change in market conditions because it has the highest average beta value of 1.42 and 1.4 respectively. Property and Real Estate were sectors that have defensive stock characteristics because it has a very low average beta value of 0.03. Based on the results of impulse response function (IRF) analysis it was found that agriculture, various industries, consumer goods and finance were majority sector index that responded positively to macroeconomic variable shocks. Macroeconomic variables that most influence the increase of risk / beta value were inflation, interest rates, exchange rate and oil price in the long-term period. So it is known that macroeconomic factors that contributes a lot to the movement of beta of sectoral indices is coming from within the country which are inflation and interest rates, this condition indicates that the Indonesian capital market is not too heavily influenced by external macro variables shocks.
Managerial implication from this study is that beta value of sectoral indices can be used as a reference for the investor in forming an investment portfolio, because beta is dynamic in which it’s movements can be influenced by macroeconomic conditions then, investors need to pay attention to the macroeconomic variables such as global oil price, inflation, interest rates and the exchange rate because those variables contribute the most in affecting the movement of beta sectoral indices. For stock management authority, the information on beta sectoral indices should be made available to the public or investors. For companies / issuers listed on the Stock Exchange are expected to pay attention to shocks that occur on macroeconomic variables, especially global oil price, inflation, interest rates and the exchange rate so that the company's performance is maintained and did not lead to negative sentiment by investors against shares of the company in the capital marke
Perhitungan indeks harga dan karakteristik saham sektor ict (information and communication technology) di bei
Get PDFThe ICT sector (Information and Communication Technology) is a sector that is rapidly growing both in Indonesia and in the world. The growth of the ICT sector itself has the highest percentage growth of Indonesian GDP about 10 % by 2015 above other sector. This fact indicates that the ICT sector has grown very quickly compared to other sector. The objectives of this study were to (1) assort and calculate ICT stock index and saw the dynamic of stock prices reflected in the ICT sector share price index (2) analyze the characteristics of shares contained in the ICT index.
Result of this study show that there was 31 issuers categorized into shares of ICT sector based in ISIC Rev.4. IHSICT have abnormal movement caused by JECC issuer, if this issuer excluded from IHSICT then the index movements become more normal. IHSICT has a fluctuating movement and has a similar trend with JCI. It is known from the high value of the correlation between JCI and IHSICT (correlation value is 0.9). IHSICT performance during the research period showed a daily average return is higher than JCI. In addition the largest market capitalization which became the index movers of IHSICT during the period of the research was JECC and TLKM.
The results of the stock analysis characteristic indicates that in General, IHSICT has defensive characteristic stocks or have beta less than 1. In addition, the fundamental conditions of the company also has a relationship with beta stock. When EPS, BVS, PBV, DER and ROE increased, the beta stock will be increased too
Perancangan balanced scorecard sebagai sistem pengukuran kinerja pt xyz
Get PDFOne of the business sectors that is growing significantly in Indonesia is the travel umroh business. PT XYZ is an umroh travel that also has the potential to grow significantly if PT XYZ knows some indicators that can improve company performance. Unfortunately, PT XYZ's performance measurement still only focus on the level of sales without involving other factors. Balanced scorecard is another approach that can be used to measure the performance of PT XYZ, by measuring performance from several perspectives: financial perspective, customer perspective, internal business process perspective and learning and growth perspective. This study aims to find perspectives, determine strategic goals, determine the strategy map, determine key performance indicators, and determine the balanced scorecard that suitable for PT XYZ. The research was conducted in Bogor in September 2016-December 2016. The data used were primary and secondary data. Primary data was obtained through questionnaires and interviews with several respondents. While secondary data collected through literature study. Processing and data analysis through literature study, focus group discussion, in-depth interview, and analytic hierarchy process (AHP). The results of the study formulated 23 strategic objectives from four balanced scorecard perspectives which then became causal relationships in the strategy map and 27 key performance indicators to measure the performance of PT XYZ. From expert opinion, financial perspective is the perspective with the highest priority level. This indicates that financial have an important role in improving the performance of PT XYZ
Analisis pengaruh regulasi pemerintah terhadap return saham industri roko
Get PDFThe cigarette industry is one of the main industries at Indonesia Stock Exchange which has a high rate of return and risk. The rate of return can be measured by asset valuation methods. One of the asset valuation methods is the Three Factor Model Fama-French. The study was carried out to analyze the Three Factor Model Fama-French's variables developed from CAPM model by Fama-French, and to understand / comprehend the effect of the market, size, and book to the market ratio of stock return in tobacco industries at Indonesia Stock Exchange. A sample of this study is four firms from tobacco industries ranging from the period of December 2012 to January 2017.
The sample of this research using four companies from IHT starting from December 2012-January 2017, are PT. Gudang Garam Tbk. (GGRM), PT HM. Sampoerna Tbk. (HMSP), PT BentoeI International Investama Tbk. (RMBA) and PT Wismilak Inti Makmur Tbk. (WIIM). This research uses descriptive approach by collecting data to answer the problem in this research which is done in the form of case study also qualitative and quantitative analysis with econometrics using secondary data from companies belonging to cigarette industry which has been listed in Indonesia Stock Exchange. Processing techniques and data analysis in this study is a quantitative descriptive analysis of panel data. The analysis tool that used by writer is E-views 9 with panel data method (Fama and French Three Factors Model Analysis). This research uses two models and analyzed by regression of panel data with fixed effect model.
The results of this study indicate that the market, SMB, HML, dummy1 and dummy2 of the Fama-French Three Factor Model in the Indonesian tobacco industry are very fluctuating during the period of December 2012 until January 2017. Both models show that market and companies size have significant influence on excess Return from the four tobacco companies
Perencanaan strategik pabrik produk beton bogor pt xyz tbk
Get PDFDevelopment in Indonesia has been conducted to increase economic growth by integrating several parties including central and regional governments, state-owned and regional government enterprises, and private parties. The demand for rapid development process can be fulfilled by the use of precast concrete. Pefindo discloses that state-owned enterprises engaged in infrastructure and construction hold a more superior advantage than the similar private companies i.e. holding a greater chance to obtain government-related projects. Moreover, they also face a smaller financial risk towards unpaid bills on the ongoing project. One of the state-owned construction companies with the highest rating among other infrastructure and construction providers is Wijaya Karya (Persero) Tbk with its subsidiary in the field of precast concrete i.e. PT XYZ Tbk. Up to 2015, the company had the largest production capacity in producing precast concrete with 38.6% of total production capacity in Indonesia.In running its business, PT XYZ Tbk has eight factories, one of which is Bogor concrete product factory that has the highest production capacity i.e. 26% of the total company's production. Although it has a large capacity, the factory faces some product issues produced by Bogor concrete factory, in which every year, the total production fluctuates making the factory unable to achieve its real capacity, and the number of product sales has decreased over the past few years. By looking at the opportunities and problems faced, strategic planning is required.
This research has two objectives i.e. identifying external and internal factors influencing present and future conditions, and formulating business strategic plans to face the intensity of competition. The techniques of data processing and analysis used in this study id descriptive analysis, using IFE, IFE, IE Matrix, SWOT and QSPM. The data utilized in this study were primary and secondary data obtained through FGD, interview, questionnaire and observation. The sampling technique was determined purposively by using purposive sampling.
In reference to the internal environment analysis the strength were competent and experienced human resources, has aproduction capability with large capacity, product brand image, quality consistency, the research programs implementation and strategic location. While weaknesses consist of a lack of regeneration of human resources, limited field of factory development and high product prices. Furthermore, the analysis of external environment included the aspects of opportunities were supports of workers from the surrounding areas, government development programs, precast concrete development, growth of Indonesia's construction industry. Meanwhile, the threat of the external environment were the rise of new competitors of the precast concrete industry, policy in the increase of provincial minimum wage (UMP), and material limitations.
Strategic planning based on the priorities of alternative strategy is to optimizing the resources to undertake large production project. Second, Innovate new products, Third, optimizing the number of workers and working hours. Fourth, employee regeneration in accordance with the qualifications and
requirements. Furthermore is to cooperate with suppliers for material availability. Lastly, rented land around the factory site for the stock yard
Pengaruh program pelatihan dan motivasi kerja terhadap kinerja karyawan pt. td automotive compressor indonesia
Get PDFChallenges to deal with the development of the industry resulted in the charges against the high performance of Human Resources (HR). Individual performance will increase as increase the individuals ability, there is the motivation of the individual and the support of his organization. Through training and motivation will improve employee performance. The purpose of this study is; (1) analyze the impact of training on employee motivation PT. TD Automotive Compressor Indonesia; (2) analyze the impact of training on employee performance PT. TD Automotive Compressor Indonesia; and (3) analyze the effect of motivation on employee performance PT. TD Automotive Compressor Indonesia.
This study was a descriptive study using survey and to test the hypothesis used SEM (Structural Equation Modelling) analysis technique which is operated through a program of Linear Structural Relationship (LISREL). The population in this study are all leaders who have been trained in TI-JI as many as 104 people
Based on SEM analysis results it can be concluded that the training give significant and positive impact on employee motivation. Improved training of employees will be able to obtain any increase employee motivation. TI-JI training by the company to the leader is able to increase the motivation of employees to work with enthusiasm, finish job on time and responsibility towards their job. Training give significant and positive effect on employee performance. Improved training of employees will be able to improve employee performance. TI-JI training by the company to the leader is able to improve the performance of employees to complete the work in accordance with established standards, on time and can use the time well. Work motivation give significant and positive impact on employee performance. The better employee motivation will be able to improve performance karyawan. Motivasi arising after TI-JI training to improve the performance leader. Leader also able to teach their members about how the good, true and secure so that the lower the deviation – deviatio
Analisis pengembangan strategi kelompok usaha dan pemberdayaan ekonomi keluarga (kupek) assolahiyah
Get PDFEconomic problems always been a major problem in the communities. This can be seen by the increasing number of poverty in Indonesia, especially in rural areas (Sunyoto 2004). These conditions encourage the government to create a policy oriented to community empowerment to alleviate poverty. Micro Small Enterprises (UMK) is the community economic activities that is considered to increase the rate of economic growth. The role of SMEs in the Indonesian economy is very important and provitable to increase the Gross Domestic Product (GDP) to improve the Indonesian economy. In addition, with the large number of workers absorbed by the SME sector, it is expected to improve per capita income of the community and as well as increase equity people income to alleviate poverty. Cilamaya Kulon is one of the rice-producer districts in Karawang. In this region is also growing microenterprises. Problems microenterprises in the region is the quality of human resources, limited market access, poor quality of product, limited access to capital (Firmansyah et al. 2016). Base on these problems, Assolahiyah Institute in cooperation with PT Pertamina EP Asset 3 Subang Field and CARE LPPM IPB initiative to form business and economic empowerment family group (KUPEK) Assolahiyah.
This research has three objectives i.e analyze the internal and external factors that become the determinants of the strengths, weaknesses, opportunities and threats of KUPEK Assolahiyah, to analyze the most important sub-factors of determinants of strength, weakness, opportunities and threats to KUPEK Assolahiyah, and to formulate alternative strategies for the development of KUPEK Assolahiyah. The research method used is descriptive analysis, SWOT analysis and SWOT-AHP combined analysis. The data utilized in this study were primary and secondary data obtained through FGD, interview, questionnaire and observation. The sampling technique was determined purposively by using purposive sampling.
The result of identification of internal factors (strength and weakness) in KUPEK Assolahiyah are commitment of adequate management, facilities and infrastructure, KUPEK already known and trusted, limited professional and full time personnel who accompany SMEs, limited marketing workforce of KUPEK products, and administrative management that not regularly. External factors that exist in KUPEK Assolahiyah are development of information and technology, has a partnership ABG-C, support from CSR PT Pertamina EP Asset 3 Subang Field, government support for the development of MSEs, the rapid transfer of technology from outside, and competition in marketing similar products with products that are members of KUPEK.
Weighting at the factor level produces the highest weight of the strength with a value of 0.395 with subfactors of commitment from the manager to the sustainability of KUPEK which has the greatest weight value. Then followed by an opportunity with a value of 0.312 with subfactors of government support for the development of MSEs that have the greatest weight value, weakness with a
value of 0.149 with subfaktor minimal professional staff and full time to assist MSEs as subfactors that have the greatest weighting value in the group of weakness factors, And threats with a value of 0.144 with a subfactor of competition in marketing of similar products as the main threat to be overcome.
Based on the results of SWOT-AHP, five alternative strategies for organizational development in increasing the income of KUPEK members are (1) promotion and cooperation promotion strategy (weight = 0,266); (2) human resource development strategy (weight = 0,213); (3) IT and social media utilization strategy as a medium to provide assistance (weight = 0,200); (4) strategies to train and recruit professionals to assist MSEs (weight = 0,197); And (5) strategy to maintain the quality of KUPEK product quality (weight = 0,125)
Rancangan prototype sistem pencatat aktifitas perilaku pengguna aplikasi berbasis mobile dengan pendekatan model event stream processing
Get PDFPT. Metra Digital Media (mdmedia) is a media agency company. In 2015 mdmedia launched yellowpages mobile based applications. While the condition of the era of advertising spending on digital marketing in indonesia moves up, the application is expected to be a new source of revenue for the company. But in fact this product does not show good sales results.
This product is assessed as having a shortage in the eyes of its customers. Where this digital product has not been able to present a complete report from the available ad inventory. Measurements over who has viewed and accessingad inventory that has been aired can not be presented to advertisers. More specifically, advertisers expect their ads to be invested in targeted inventory. Because the users of these applications are extremely diverse both in terms of the location and user segments.
This final work is expected to be a solution to the above problems. The author conducted research and studies related to the latest technology that can be applied to the above conditions. Event stream processing model approach chosen as the solution combined with big data technologies. The author began developing the prototype by recording the activity, especially when users select a menucategoryand the location of the user when using the the application. All activities are recorded and forwarded into the data stream on a apache kafka topic. Distributed encoding of apache storm used to get and forward the data from the apache platform kafka flow into the storage media. Media storage of apache cassandra database used in this study.
In this study the authors see the limitations of which obtained the findings of the complete lack of basic user profile data is performed at the time of initial registration. Another limitation arethe memory and storage capacity from the development server that is used.due to these restrictions, data sampling has to be stopped.
The activity customer behavior profile database has been stored in a apache cassandra database for three months. In this three-month period after the process of data transformation and cleansing, 21.779 transactions were recorded. The 21.779 transactions data is obtained from the 89 active registered users and 202 anonymous users.
The author uses the help of qlikview applications to visualize the final data. From the data visualization is known the five most interest of users are industries, hotels, culinary, automotive, and housing. In terms of the spread of the user's location, the center of jakarta, surabaya, south jakarta, west jakarta and north jakarta are thehighest application usage. From the combination of segment interest and location of the user is obtained how the city's profile based on user segmentation, and conversely how user segmentation profile based on the cities.
The process of collecting activity user behavior is expected to enrich the userinformation, geography segmentation and behavioral grouping profiles ofthe application as well. This information is ultimately expected to assist the company
in implementing its marketing strategy, especially on segmentation strategies, targets, and position of yellowpages product.
Measurement of how much the accuracy of advertising on the mobile version yellowpages application can be applied to further product development. The interest of advertisers investing in this product will increase. Andthe desire to buy an ad in the yellow pages from the advertiser can be improved. Finally,the company's revenue may increase, especially from the sale of advertising from yellowpages application
Analisis faktor-faktor yang mempengaruhi keputusan pembelian ekstrak kulit manggis garcia
Get PDFConsumers are faced with various types of product choices offered by each company to meet the needs and wants of consumers. Many factors influence a consumer's decision to make a choice. The variety of factors and the character of each individual is different, it is interesting in conducting consumer behavior research on a product. Consumer behavior in purchasing decisions is one of the goals achieved by marketers or companies. Purchasing decision phase is the end result of the impact of internal and external factors that can affect consumer behavior toward a product. PT Zena Nirmala Pratama is one of the players in traditional medicine industry. The marketed product is extract from mangosteen peel which is packed in capsule form which is bottled. So the approach to the consumer is the key to success for the company in maintaining and expanding market share.
This study aims to determine the characteristics of consumers, the process in purchasing decisions (consumption), consumer consumption patterns, factors that affect (marketing mix, attitude, knowledge, motivation, reference group) consumer behavior, and managerial implications better for the company.
Research conducted nationally in Indonesia. Sampling technique used is quota sampling, with 492 respondents who have made purchases Garcia products in the last 3 (three) months of research conducted and aged minimum 17 years. The analytical tool used is descriptive analysis and SEM (Structural Equation Modeling) based on covariance with software Lisrel 8.8. Based on the results of descriptive analysis, the majority of consumers who buy are women, Islam, aged 36-53 years, as housewife (IRT), the average expenditure of Rp 1,000,000 - 2,000,000 for food and non food.
Consumer purchasing decision process in general at every stage that is, 1) Knowledge needs: consumers have reason and hope to the product is to maintain health; 2) Information search: information obtained by consumers is sourced from friends and focuses attention on product benefits; 3) Alternative evaluation: the consumer considers the benefit attribute, the quality of the product seen from the natural ingredients, looking elsewhere if the product is not available, and the similar brand known to the consumer is Mastin; 4) Purchase decision: the consumer buys the product because of his own and planned wishes; 5) Post-purchase evaluation: the consumer is satisfied and will buy back, keep buying even though the product is experiencing price increases, and advise others to buy the product because of perceived benefits. Then, consumption patterns, the usual place to buy is in Garcia's official agent, every purchase of 1 bottle, and the product is consumed by itself. Consumers spend 1 (one) bottle for a month with consumption per day as much as 2 capsule.
The result of SEM analysis shows that marketing mix variables, knowledge, and reference group have positive and significant influence on purchasing decision except attitude and motivation. Marketing mix variables are the most
dominant factor. Recommendations of managerial implications that are more emphasized to marketers (the company) is the side of the place (distribution) and promotion. Garcia's product distribution needs to open an online store in addition to a physical store (authorized dealer). Promotion Garcia products need to empower its official agent to conduct health socialization activities related to the benefits of mangosteen skin in the community. As well as the official agent reported the consumer database to head office
Strategi bisnis pt.pelayaran bahtera adhiguna dalam industri pelayaran
Get PDFThe condition of the Indonesian economy shows an improvement since 2015-2016. The increase has a positive impact on the growth of the shipping industry in Indonesia. Despite the growth, the productivity of national shipping companies is still unable to compete with foreign companies. The productivity can be seen from the shipping capacity of foreign shipping companies which is still superior compared to the national shipping company's transportation capacity. Transportation of coal commodities by sea transportation is one of the most reliable transportation by shipping companies in Indonesia. The 35,000 megawatt power plant program that requires equal distribution of coal supplies makes it a challenge for every national shipping company. This study aims to identify performance in operational function of PT Pelayaran Bahtera Adhiguna (BAg), analyze internal condition and external condition, formulate strategic architecture that can be applied for BAg business strategy in the future.
This research uses descriptive qualitative method that gives description of an event or symptom in a certain place by using approach of non statistical research with survey conducted at BAg. The results obtained from the analysis in the form of a solution of the problem conditions facing the company today. Respondents in this study are employees of BAg who have authority in strategic decision making.
Processing techniques and data analysis in this study is descriptive qualitative analysis that is by using interviews and questionnaires. The analytical tool used is the analysis of the external environment using the EFE matrix, the internal environment analysis using the IFE and using the architecture strategy to get an overview of future business strategy. Based on the results of research on BAg can be obtained conclusion of the company's financial performance, especially the cost of maintenance costs still have to get attention. Long-term transport contracts are the company's main strength in maintaining the limitations of the information technology system to support operational activities. The coal requirement in the 35,000 MW power plant program enables BAg to continue to enhance the company's existence in the tight competition of shipping companies in Indonesia. The company's business strategy is focused by providing optimal services with supporting facilities in the form of integrated information technology system in operational activities