3559 research outputs found
Sort by
Pengaruh penggunaan mobile Collection terhadap kinerja collector di PT Mandiri Tunas finance
Full text linkThe economy and organization underwent an unprecedented transformation
driven by technological developments. These changes drastically affect
organizational culture, business processes, resources, and organizational
capabilities. Organizations and companies develop various technologies as effort
to adapt to the changes as well as to prepare for increasingly fierce competition.
One example of such development is Mobile Collection, an application used
internally by PT. Mandiri Tunas Finance (MTF).
Mobile Collection aims at helping collectors in the billing process to the
consumers. The more efficient billing process is further expected to improve the
collectors’ performance. Therefore, this study purposes are two fold, firstly to see
how effective the use of Mobile Collection, and secondly to study the effect of
Mobile Collection on the collectors’ performance. The data is generated from
sample of respondents from MTF collectors, choosen by probability sampling with
cluster sampling method. This study further employs Structural Equation Model
(SEM) program with the Partial Least Square (PLS) approach.
The results showed that the quality of the system and the quality of
information have a significant influence on the use of Mobile Collection.
Moreover, the effectiveness of using mobile collections was a moderating variable
that played a role in increasing the effect of using mobile collections on collector
performance. Ultimately, the using Mobile Collection has a significant influence
on the collectors’ performance
Hubungan Karakteristik Personal dengan Pelatihan UMKM dan Orientasi Kewirausahaan
Full text linkEntrepreneurship training helps to support culture and entrepreneurship by
changing mindsets and increasing expertise. Micro, Small and Medium
Enterprises (MSMES) training program has a challenge to pay more attention to
the personal characteristics of entrepreneur to make it effective. Personal
characteristics affect the training process, which is generate training success by
obtaining satisfaction of the participants because the knowing of knowledge that is
necessary and unnecessary. The study aims to examines personal characteristics;
learning motivation, personal targets, and extraversion personality, as aspects that
influence relationship between training and entrepreneurship orientation.
The study was conducted through quantitative and qualitative approaches.
Primary data collection obtained from entrepreneurs who participated in
entrepreneurship training program using questionnaires and in-depth interview
collected in December 2018 until February 2019. The results of the questionnaire
were analyzed with the SEM PLS model and supported by the result of the
interview which were first analyzed using narrative analysis.
From the results of the study, personal characteristics as moderation have no
significant influence or relationship to the strength of the relationship between
training and entrepreneurial orientation. However, personal characteristics have a
direct attachment to entrepreneurial orientation. The results of this study can be a
reference for the implementation of the training to stimulates the trainees' personal
characteristics to form an entrepreneurial orientation as a benefit of the training
Strategi PT GAS menghadapi Persaingan Bisnis Industri Hilir Gas Bumi Distribusi Wilayah Jawa Barat dan Banten di Indonesia
Full text linkIndonesia still has conventional natural gas reserves of 100.36 TSCF
(Trillion Standard Cubic Feet), and 42.46 TSCF are potential reserves. Apart from
conventional natural gas, Indonesia has the potential of non-conventional natural
gas, namely coal methane gas known as CBM (Coal Bed Methane) or natural gas
from coal and Shale Gas (Flake Gas) potential of 452 TSCF and 574 respectively
TSCF.
The amount of natural gas reserves illustrates the strategic value of natural
gas to fulfill national energy. However, the enormous potential of gas
commodities has not yet had a tremendous impact on PT GAS development.
Over the past six years, the growth of PT GAS's performance has decreased. This
study aims to analyze the internal and external factors that influence the business
development of PT GAS, formulate various alternative business development
strategies of PT GAS, and determine priority strategies that can apply to PT GAS
business development.
The research started from November 2018 to April 2019. Primary research
data obtained from interviews and discussions with a focus group discussion
(FGD) approach and the distribution of questionnaires to nine informants who
were considered competent in this study were those directly involved in the
preparation of the company's strategy during This was done by PT GAS. Samples
took using a purposive sampling method. The data obtained were analyzed
descriptively. The strategy formulation analysis consisted of the input stage using
an internal and external factor evaluation matrix, the matching stage using IE
Matrix and SWOT, and the decision stage using QSPM.
The results showed that internal factors were affecting business
development obtained from identifying the company's strengths and weaknesses
and external factors obtained from opportunities and threats. Internal factor
evaluation results got a value of 3.00 (strength of 2.20 and weakness of 0.80) and
an external evaluation value of 3.02 (opportunity 2.33 and threats 0.69). Internal
and external evaluation calculations determine the company's position in the
quadrant grow and build or grow and build.
The results of the IE and SWOT analysis results showed seven alternative
strategies as well as the priority order of the plan after calculating using the
QSPM calculation, namely a) Market Penetration b) Product Diversification c)
Improving Pipe Networks d) Improving gas quality e) Improving service quality
f) Company reputation g) Strengthening branding.
After going through three strategic management planning stages, the next step was
selecting the main strategic alternatives that use QSPM as a tool. The primary
strategy that gets the highest attractiveness value (3.20) in QSPM is "Market
Penetration on an ongoing basis by strengthening the marketing research base by
maximizing the pipeline network that there and good gas quality as a value
proposition. This strategy is the most attractive strategy for PT GAS today. PT
GAS must create a strong marketing research base by strengthening marketing or
marketing divisions and increasing budgets for advertising and marketing and
using the marketing department the spearhead of the company
Analisis Return Saham saat Siklus Ekonomi Resesi dan Ekspansi pada Sektor Consumer Goods dan Sektor Pertambangan Terdaftar di BEI
Full text linkIn investing, all investors expect an optimal rate of return. But the rate of
return received by investors (actual return) does not always match the expected rate
of return (expected return). This situation shows that investors face investment risk,
which is reflected in the value of beta (β). Beta is a systematic risk measure of a
stock or portfolio. The term beta refers to an indicator, which shows the level of
stock risk against the level of market risk. Beta value indicates the size of the
sensitivity of changes in the level of stock returns to changes in market profit levels.
This study aims to analyze stock returns during a recession and expansion
cycle on two characteristics of different stock sectors, namely the Consumer goods
Sector and the Mining Sector. This study also analyzes the asset pricing model with
the best level of accuracy in estimating stock returns for two different sectors and
two economic cycles. This study uses multiple regression to see the effect of beta
and gross domestic product growth on stock returns and the Mean Absolute
Deviation Method to measure the asset pricing model with the best level of
accuracy.
The analysis shows that beta has a significant influence on the return of
shares of the consumer goods sector and the mining sector during recession and
expansion. While the growth of gross domestic product only has a significant effect
on the stock returns of the mining sector during recession and expansion. But in the
consumer goods sector, gross domestic product growth has no significant effect on
stock returns during recession and expansion cycles. The model with the best level
of accuracy for estimating stock returns in the consumer goods sector is the
Arbitrage Pricing Theory at the time of recession and expansion. As for the mining
sector, the best models are Arbitrage Pricing Theory during a recession and the
Capital Asset Pricing Model when expansion cycle.
Managerial implications that can be conveyed for the type of risk averse
investor with a low degree of risk aversion can choose the mining sector (aggressive
stocks) and during the expansion cycle, due to better average stock returns. And,
for the type of risk averse investor with a high degree of risk aversion can choose
the consumer goods sector (defensive stocks) and during a recession, due to better
stock returns. As for the asset pricing model in estimating stock returns with the
best level of accuracy is Arbitrage Pricing Theory, illustrated from the expected
return value and the smallest error value.
This illustrates that in general, stock return analysis in the consumer goods
sector and the mining sector both during the recession cycle and expansion cycle is
influenced by macroeconomic variables contained in the calculation of the expected
return model Arbitrage Pricing Theory as the model with the best level of accuracy
Pengaruh kinerja keuangan dan makroekonomi terhadap harga saham sektor industri konsumsi di Indonesia
Full text linkFinancial performance and macroeconomic are factors that can effect stock
price. Firm and investor need to understand the effect of financial performance
and macroeconomic toward stock price in order to make good decision. The first
goal of this study is to analyze the financial performance of firms in consumer
goods industry, and the second goal of this study is to analyze the effect of
financial performance and macroeconomic toward stock price.
The type of data used in this study is secondary data, such as firm financial
data taken from the quarterly financial report during 2012-2017 period.
Macroeconomic data from Bank Indonesia is used during 2012-2017 period.
The number of samples in this study is 20 firms of consumer goods industry that
listed in Indonesia Stock Exchange. Descriptive Analytics is used to analyze the
financial performance, and panel data regression is used to analyze the effect of
financial performance and macroeconomic toward stock price.
Liquidity ratio of consumer industry during 2012-2017 period is 286%,
this sector's liquidity is quite good because the ability of companies in this sector
to meet current debt is quite large. The average debt ratio of the consumer
industry is 35%, sector's debt ratio is still low, which shows that companies in this
sector still rely on internal financial sources. The average profitability is 8.36%,
this shows that companies in this sector show a positive performance in
generating profits.
The result of this study shows that current ratio (CR) has a significant and
negative effect toward stock price, while return on equity (ROE) has a significant
and positive effect toward stock price. Macroeconomic inflation and exchange
rate have a significant and positive effect toward stock price. Firms with high
liquidity ratio (CR) have to control the liquidity ratio, because in the long term
high liquidity has a negative effect toward stock price so the stock price may
decrease. Investor need to compare the financial performance in order to make a
good decision
Strategi pengembangan bisnis DOC (Day Old Chicken) ayam kampung PT PQR menggunakan kanvas model bisnis
Full text linkIndonesian food consumption patterns still dominated by consumption of
carbohydrate resources and still lacked of consumption of protein resources. Native
chicken is one of protein resources with a significant good prospect. The
development of native chicken production also increased year by year.
PT PQR is a company engaged in native chicken farms. In 2017 PT PQR
unable to fulfill all customer requests due to insufficient production facilities. In
2018, PT PQR increased its production to meet requests from the Government. By
the end of 2019 the government program will be complete. PT PQR has concern
about the sustainability of its business in the future.
Based on the existing problems, it is necessary to know the factors that
influence the sustainability of PT PQR's business by knowing the business model
and business strategy that will be carried out. The purpose of this study is to map
the current business model run by PT PQR, to adapt the demands faced by PT PQR
with current strengths, weaknesses, opportunities and threats and analyze the
transformation that needs to be carried out by the company in developing in the
future. The method used to map canvas business models by analyzing nine elements
of the canvas business model obtained from in depth interviews with managerial
internal and observations. Strengths, weaknesses, opportunities and threats of
companies with SWOT analysis. Alternative strategy for the new canvas business
model with SWOT matrix.
Based on results of the study, customer segments from PT PQR are the
government, independent farmers, group farmers, restaurant owners, supermarkets.
Value propositions are pure strain of local chicken, guarantee healthy chichken,
DOC has been vaccine, and product can be costumed. Channel elements, namely
communication, sales, distribution. Revenue Streams from DOC sales, live chicken
sales, carcass sales, and sources of capital come from bank loans. The main
resources are physical, intellectual, human resources and financial resources. Key
activities include production activities and product marketing. The main
partnerships are suppliers. The cost structure is about fixed costs and variable costs.
The current business canvas model still needs to be improved in several
elements to meet customer demand. PT PQR has strength of having a team of
experts. The elements to be improved were elements customer relationships, key
resources, key activities, and key partnerships
Pengaruh fundamental dan eksternal terhadap harga saham (studi kasus: Freeport McMoran)
Full text linkThe extraordinary fluctuations of world oil prices, the uncertainty of
American economic conditions after the subprime mortgage financial crisis and the
implementation of Indonesian government regulation to coal and mining industry
(UU Minerba) led to Freeport McMoRan’s operational uncertainty over mine
exploration in Indonesia through PTFI, made pressure on corporate consolidate
revenues causing losses in 2014-2016. Significant drops in FCX stock prices caused
by factors from within the organization as well as form outside must be reviewed
by management to make measures expected by the market and by all investors to
reduce risk factors.
Analyses over financial ratios to assess the company's long-term capabilities
or going concern that became the foundation for determining the stock value of
McMoRan's Freeport company and external factors that had influence on the
company's operational should be well reviewed. In this study, researchers used
fundamental analysis or analysis of the company’s financial ratio to undertake
reviews of the company’s ability to benefit shareholders over operational activity
conducted among them, which is: Net Profit Margin (NPM), Earning Per Share
(EPS), Working Capital Turn Over (WCTO), Return on Equity (ROE), Return on
Asset (ROA) as well as risk factors coming from outside the organization,
uncontrollable but has an effect on Freeport McMoRan's stock price movement,
which is: world oil prices, world gold prices, the Fed's interest rate, systematic risks
and Indonesian government policy, concentrate export bans over PT. Freeport
Indonesia (Dummy variable)
The source of the study was obtained from various sources which is, quarterly
financial statements on the Securities Exchange and Commission (SEC) in USA
and sources from the internet for stock prices and commodity prices, Federal
Reserved website for information on the Fed's interest rate during the period of
2000 thru 2019. The method of analysis used is the VAR/VECM method.
The results from the study are known that simultaneously fundamental and
external variables have a significant influence on FCX stock prices. Partially oil
prices in the short term have significant positive influence and in the short term
interest rates the Fed has significant negative influence, whereas dummy variables
have significant negative influence, this strengthens that PTFI's policy of
prohibition-concentrating export sanctions has a significant influence on FCX's
stock prices in New York Stock Exchange, Impulse Response Function reveals in
addition to shocks on stock prices in previous period shocks against EPS and NPM
on fundamental factors having an influence on the fundamental factors that have
had influences that strong on FCX stock prices and shocks against oil prices and
the Fed's interest rate change had a strong influence on FCX's stock price. Forecast
Error Variance Decomposition revealed external factors had a greater influence
than fundamental factors on FCX stock prices.
Referring to the results of the study, researchers provided managerial
implications for management in exercising control over the fundamental ratios which is cost control and corporate spending as well as anticipation of external
factors that the organization could not control by doing good corporate governance
Arsitektur Strategik PT Latinusa Tbk.
Full text linkThe tinplate industry is a unique industry category in Indonesia, single
player, PT Latinusa Tbk, does not guarantee that PT Latinusa Tbk can achieve
production capacity and meet national consumption in Indonesia. After the reform
era, the import faucet was wide open. Foreign competitors invade tinplate into
Indonesia at unreasonable prices, making PT Latinusa Tbk must have the
competitiveness to survive.
In a highly competitive business world, a company’s competitive advantage
will only last so much due to the uncertain and dynamic environment of the business
industry. Sustainable competitive advantage must be the basis for core
competencies for the company to survive. Just surviving does not support the
sustainability of the company, in order to be sustainable, PT Latinusa must be able
to accept the provision of corporate challenges that exist in the future.
Photographing this problem, researchers see the urgency to conduct this research
This research has three main objectives, namely to compile the
competencies currently required by Latinusa, formulate Latinusa's future industrial
scenarios, and compile Latinusa's strategic architecture for the next 10 years. This
study uses a descriptive qualitative method that provides a description of an event
or fact in a particular place by using non-statistical research with surveys and
observations conducted at PT Latinusa Tbk. Data processing and analysis
techniques in this research are qualitative and quantitative descriptive analysis,
namely data collection using questionnaires, focus group discussions, interviews,
and literature review. The analytical tools used are VRIO analysis for company
competencies, foresight analysis and gap analysis to determine the company's
strategic competence, and strategic architectural planning to get an overview of the
company's strategy in the future industry. This research lasted for one year from
June 2019 to December 2020.
Based on consideration of company competencies using VRIO analysis, the
company's current core competencies are obtained regarding customer relations,
collaboration, competition, government relations, and customer service. The
strategy to transform the company's business in the future is to change its industry
from the tinplate industry to the tinplate industry and tool providers. The new core
competencies that must be mastered in this new industry are customer relationship
management and supply chain management. A new business unit was formed at PT
Latinusa Tbk, which is a printing service for tinplate sheets and cans. Architecture
strategies’ design arranged in the framework of realizing new industries through
three walls of strategies to strengthen new competencies, strengthen business
(grow) and improve performance (excellence)
Analisa Pembentukan Portofolio Optimal Berbasis Risk dan Return pada Sukuk Korporasi di Indonesia
Full text linkThe concept of sharia-based finance is currently growing rapidly with a
variety of supporting instruments. One of the Islamic financial instruments that has
contributed to the growth of Islamic financial assets in Indonesia is sukuk or Islamic
bonds. Each sukuk structure or contract has a different risk and return profile. This
difference in risk and return profiles has an impact on the emergence of advantages
and disadvantages of each instrument.
The objective of this research was to analyze the optimal portfolio of
corporate sukuk in Indonesia using the Markowitz risk return analysis approach and
the CML (Capital Market Line) model in order to foster investor interest in
investing in corporate sukuk instruments. The research was conducted by using data
during 2014-2018 and divided into three measurement periods, namely (1) 2014-
2016 (2) 2016-2018 and (3) 2014-2018, each period representing the conditions of
the Indonesian and global economies. The data in this study are secondary data
obtained from Bloomberg and the Indonesia Bond Pricing Agency (IBPA), namely
data on the rate of return of corporate sukuk throughout 2014 - 2018.
The results show that during the crisis period, sukuk with an ijarah contract
was superior both in terms of risk and return compared to the sukuk mudharabah,
so that the optimal portfolio composition is to maximize the sukuk ijarah
composition. However, in the post-crisis period (improvement in economic
conditions) and long-term measurements, the portfolio composition is more varied
depending on the objectives of each investor, either to maximize returns or to
minimize risks. The optimal portfolio combination (referring to the benchmark rate)
between sukuk mudharabah and sukuk ijarah is as follows: (1) 0% mudharabah:
100% ijarah for the period 2014 - 2016 with a yield rate of 3.9 and a risk of 0.49,
(2) 81% mudharabah: 19% ijarah for the period 2016 - 2018 with a return of 2.71
and a risk of 0.65, and (3) 85% mudharabah: 15% of ijarah for the period 2014 -
2018 with a return of 2.77 and a risk of 0.79. With this combination, investors can
form an efficient frontier that provides a comparison of the same level of return and
risk
Analisis Kualitas Layanan Aplikasi Online Kartu Kredit BRI Menggunakan Metode Servqual
Full text linkDuring the Covid-19 Pandemic, Indonesia Central Bank ordered credit card
issuer to establish and implement policies aimed at providing convenience in
carrying out the credit card marketing process. Therefore, Bank BRI has
implemented the use of online applications as one of the credit card marketing
channels to make it easier for customers to apply for credit card. One way to
improve the quality of company services is to measure and analyze the factors that
affect the quality of service itself for customer satisfaction. This measurement of
customer perceptions is very important in order to determine the criteria and factors
that need to be improved for the benefit of innovation, improvement of company
services, and increasing company profitability in the future. There are several
measurement frameworks that can be used to measure the level of quality of a
service. The five dimensions of measurement in Servqual include Tangibles,
Reliability, Responsiveness, Assurance and empathy.
The key problem in this research is related to the quality of service provided
whether it has provided sufficient understanding of prospective customers so that
there has been an increase in the number of credit cards at BRI Bank and what kind
of services customers expect on the BRI credit card online application.
The research method used is the descriptive analysis method with data
collection carried out by distributing questionnaires to 100 respondents, the
sampling method using the servqual method, Likert scale, SEM amos 18. Based on
the analysis of service quality in the aspect of Assurance or Assurance greatly
affects customer satisfaction in using application services online BRI credit cards,
while the quality of other services such as Tangibles, Reliability, Responsiveness
and empathy do not have a positive effect in increasing customer satisfaction. From
the analysis, it is known that there are still many service dimensions as reflected in
service indicators that need to be improved by the management of BRI Bank in
order to increase customer satisfaction