1,720,971 research outputs found
ANALISIS STRATEGI DIVERSIFIKASI BISNIS (STUDI KASUS PT SUN STAR MOTOR GROUP)
Full text linkTo realize the vision and mision of PT Sun Motor Group to be the leading company and to create stakeholders value, it needs the right strategy for the company to grow and compete in the long term (competitive sustainable adventage).
As a part of the automotive players in Indonesia, PT Sun Motor Group determined to become a major player in the automotive industry, but with the development of business world PT Sun Motor Group deems it necessary to enter the field of another industry that have a very good growth rate and then entering the property and hotels industry.
This paper aims to analyze the strategy implemented and already appropriate strategy to support business growth of PT Sun Motor Group.
Based on the results of the analysis that has been done can be concluded that the strategy has been implemented is quite appropriate and proven to enhance shareholder value. However, in line with the development of the business world, the influence of macro and micro economics, then it must continually evaluate this strategy to adapt the growth of business and to continue to enhance shareholder value.
 
Pengaruh Hari Libur Islam Pada Return Saham Di Pasar Modal Indonesia
No full textThis study aims to examine the effect of Islamic religious holidays on stock returns in the Indonesian Capital Market. Islamic holidays in Indonesia consist of Eid al-Fitr, Eid al-Adha, Isra Miraj, Maulid Nabi Muhammad SAW and the Hijri New Year. The study used a different test, with a non-parametric Wilcoxon signed rank test because the data were not normally distributed. The research data uses the Composite Stock Price Index (CSPI) for the period 2006 to 2021. The test results show that Islamic religious holidays in Indonesia have no effect on the capital market. For further research, it is recommended to also examine the impact on trading volume and stock prices, to test whether Islamic religious holidays really have no effect on the Indonesian Capital Market.
Keywords: Analysis, Effect, Holidays Islam, Stock Return, Indonesian Capital MarketPenelitian ini bertujuan untuk menguji pengaruh hari raya keagamaan Islam terhadap return saham di Pasar Modal Indonesia. Hari besar Islam di Indonesia terdiri dari Idul Fitri, Idul Adha, Isra Miraj, Maulid Nabi Muhammad SAW dan Tahun Baru Hijriah. Penelitian menggunakan uji beda, dengan uji peringkat bertanda Wilcoxon non parametrik karena data tidak berdistribusi normal. Data penelitian menggunakan Indeks Harga Saham Gabungan (IHSG) periode tahun 2006 sampai dengan tahun 2021. Hasil pengujian menunjukkan hari besar keagamaan Islam di Indonesia tidak berpengaruh terhadap pasar modal. Untuk penelitian selanjutnya disarankan juga untuk mengkaji dampak volume perdagangan dan harga saham, untuk menguji apakah hari besar keagamaan Islam benar-benar tidak berpengaruh terhadap Pasar Modal Indonesia.
Kata Kunci: Analisis, Efek, Liburan Islam, Return Saham, Pasar Modal Indonesi
ANALISIS KESULITAN KEUANGAN PT SRITEX
Full text linkThis study aims to analyze the financial performance of PT Sritex in the period 2014 to 2024, so that it was declared bankrupt in 2025. What factors caused the Company to go bankrupt. measurement of financial difficulties using the Grover, Springate and Zmijewski models. The three models are used because they are common or frequently used and the measurement method is simple but is able to provide a fairly strong picture of the potential bankruptcy of a Company. Based on the calculation of financial difficulties with three models namely Grover, Springate and Zmijewski, the three models produce the same conclusion that PT Sritex has been in financial difficulties from 2021 to 2024. Financial difficulties began in 2021 where the Company's working capital was in a minus position of 982,037,149 US but the Company's profits were unable to cover the debt which had reached 1,571,358,369 US $. In the case of PT Sritex, it can be concluded that the financial difficulties experienced by the Company were caused by two main factors, namely, a very large increase in the amount of debt in 2021 without being accompanied by the ability of the Company's management to earn sufficient profits to pay the Company's obligations, then another main factor is poor Corporate Governance, where debt that should have been used to increase the Company's productivity was actually misused by the Company's management.
Keywords: Performance, Finance, Bankruptcy, Sritex, Governanc
FORMULASI STRATEGI KORPORASI DALAM KETIDAKPASTIAN MASA DEPAN PASCA COVID-19
Full text linkThe Covid-19 virus which has swept the world and become a global pademic has changed the world order. The reduced social economic activities of the community to reduce social interaction that can accelerate the spread of the virus, resulting in a decline in the performance of economic sectors. Many industries experience a decline in revenue and can result in further cessation of company operations. Pademi Covid-19 to date has not been able to predict how long it will end which causes uncertainty about the future. In order for a company to continue to exist and grow sustainably, it is very important to formulate a future strategy that is full of uncertainty. In this article, we review strategies options that can be applied to various levels of uncertainty. In the future uncertainty, the leadership of the company is demanded to be more courageous in making strategic decisions. From a variety of alternative strategy choices, in order to deal with the difficult conditions at the moment, the initial theory regarding investment management can be considered in the form of a business diversification strategy. So that the risks experienced can be spread in various fields of business / industry not only in one business, as the theory of the father of investment management Herry Markowizt "don't put all your eggs in one basket"
FINANCIAL DISTRESS ANALYSIS USING THE ZMIJEWSKI METHOD
Full text linkThis study aimed to determine the level of financial distress of the company using the Zmijewski method and conducted on three companies listed on the Indonesia Stock Exchange, namely PT Bakrieland Development Tbk, PT Central Omega Resources Tbk and PT Buana Lintas Lautan Tbk who received warnings from the IDX due to the delay in submitting financial reports. The results: the three companies are in good condition, with no financial distress. PT Bakrieland Development Tbk and PT Buana Lintas Lautan Tbk showed an increase in performance during the year 2016-2018 but PT Central Omega Resources Tbk decreased during the year 2016-2018. Companies are required to maintain the ability to meet their obligations and reduce the level of obligation so that it can be maintained does not lead to financial distress. Delays in the delivery of financial statements must be reduced so as not to harm investors. Analysis of financial distress needs to be continued to determine the company's financial condition. Contrast to previous studies that analyzed financial distress by comparing testing models and testing on companies listed on the IDX, this study focused on testing companies that received IDX warnings due to late financial reporting
Going Beyond Counting First Authors in Author Co-citation Analysis
Full text linkThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Variations on the Author
Full text link“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
Appropriate Similarity Measures for Author Cocitation Analysis
Full text linkWe provide a number of new insights into the methodological discussion about author cocitation analysis. We first argue that the use of the Pearson correlation for measuring the similarity between authors’ cocitation profiles is not very satisfactory. We then discuss what kind of similarity measures may be used as an alternative to the Pearson correlation. We consider three similarity measures in particular. One is the well-known cosine. The other two similarity measures have not been used before in the bibliometric literature. Finally, we show by means of an example that our findings have a high practical relevance.information science;Pearson correlation;cosine;similarity measure;author cocitation analysis
Pengaruh Nilai Perusahaan, Tingkat Utang, Dan Kesulitan Keuangan Terhadap Keputusan Hedging
Full text linkThe purpose of this research is to investigate the influence of firm value, debt level, and financial distress on hedging decisions. The population of this research is the manufacturing company sector various industrial that listed in the Indonesia Stock Exchange (IDX) in 2015-2019. The sample used in this research consist of 12 manufacturing companies in the various industrial sector. The sampling method is non probability sampling with the sampling technique using purposive sampling. The analysis is performed by using regression analysis logistic. The results of the research with the logistic regression test show that in the LR test simultaneously all independent variables, namely Firm Value, Debt Level, and Financial Distress together have a effect on hedging decisions with a significant value less than 0.05, namely 0.004023 < 0,05. In the Z-score Test Statistic (partially), the Firm Value with a significant value of 0,0527 > 0.05, it does not affect the Hedging Decision. The Debt Level with a significant value of 0,0218 < 0.05 has effect on hedging decisions. Financial distress with a significant value of 0,0018 < 0.05, it has a significant effect on hedging decisions. The McFadden R2 test for the three variables obtained 16% while the remaining 84% was explained by other variables not explained in this research.
Keywords: Firm Value, Debt Level, Financial Distress, Hedging Decisions.
 
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