1,720,967 research outputs found
Synergy Calculation of PT Perusahaan Gas Negara’s Acquisition Plan toward PT Pertamina Gas: SCBTII Proceeding Book The 7th Smart Collaboration for Business in Tehcnology and Information Industries, August 15th-16th 2016
No full textRecently, the Ministry of State Owned Enterprises (SOE) is assigned to form six holding companies. The holding companies are expected to increase the efficiency and funding ability of SOE. Prior to the holding companies forming, it is beneficial that the company with same business line should be merged first, to ensure that there will be no overlap of the operational activity. The government planned to merge PT Perusahaan Gas Negara Tbk and PT Pertamina Gas to increase efficiency of national natural gas management. Due to many negative opinions and a lot of disapproval from the stakeholders, the acquisition process is still suspended. According to those facts, the purpose of this research is to propose a recommendation toward the acquisition decision that will be beneficial as the analysis before establishing holding company in energy sector. The author use macro and micro environmental analysis, discounted cash flow valuation, and synergy calculation to determine whether the acquisition is
beneficial or not. The financial data in this research are collected from the companies’ annual report from the last 5 years. The result of this research is that there is value of synergy after the acquisition, in the amount of $3,362,411,250. The value of synergy is built on the assumption that there will be operating synergy and financial synergy. The result of this research is the acquisition plan of PT Perusahaan Gas Negara toward PT Pertamina Gas is recommended to be conducted based from the
synergy generated.
Keyword: State Owned Enterprises; Acquisition; Merger; Discounted Cash Flow; Valuation; PT Perusahaan Gas Negara; PT Pertamina Gas; Synerg
Influence of Financial Literacy on the Stock Market Participation and Financial Behavior among Indonesian Millennials
No full textManajemen keuangan untuk wirausaha mula
No full textBuku ini ditulis untuk mengisi kebutuhan para wirausaha dalam memahami seluk- beluk manajemen keuangan yang sesuai untuk pengelolaan bisnis mula
Stock Valuation of Indonesian Natural Gas Company in the Middle of Global Economic Slowdown
No full textThe Determinants of Financial Literacy And Financial Inclusion Towards Disparity In Indonesia: SCBTII Proceeding Book The 7th Smart Collaboration for Business in Tehcnology and Information Industries, August 15th-16th 2016
No full textPeople with a higher level of financial literacy tend to be more proper in making their financial decision, manage their money well and make contribute to their prosperity. Unfortunately, people in many levels were lack of financial literacy. Demographic factors such as age, gender, ethnicity and also financial education are generally assumed as the factors that affect financial literacy. However, there are also some evidences prove that those factors have no effecton increasing financial literacy. This research focuses on financial literacy of business students Institut Teknologi Bandung. This research is intended to examine the level of financial literacy index of students and examine which demographic factors impact financial literacy index of students using multi-linear regression as the analytical tool. The data for this research was collected through questionnaire adapted from DEFINIT-SEADI_OJK (2013) and distributed to 300 business students in ITB. The finding of this
research indicates that the financial literacy index of students is generally in low level of financial literacy and the determinants of financial literacy among business students are age, gender, and financial education
Keywords: financiual literacy; financial inclusion; education; demographic
Capital Structure Strategy to Enhance Value of PT. Astra International: SCBTII Proceeding Book The 7th Smart Collaboration for Business in Tehcnology and Information Industries, August 15th-16th 2016
No full textBeing the best company in their field is every company’s goal. One of the success measurements of being the best company is how the company enhances its shareholders value through the prosperity increase of the owners or shareholders. Looking at the current performance of PT Astra International Tbk it is unfavourable for current investors and potential investors because of the declining in PT Astra International Tbk’s value which lead to generate less earnings for its shareholders. Consequently the purpose of this research is to propose financial strategy namely capital structure strategy to calculate the
appropriate proportion of debt and equity through optimal capital structure calculation that able to enhance the value of PT Astra International Tbk. As for the methodology used in this research, it consists of financial ratio analysis, Discounted Cash Flow (DCF) Valuation and Weighted Average Cost of Capital (WACC) Approach for Optimal Capital Structure calculation.
These methodologies will be used in determining the capital structure strategy for PT Astra International Tbk. The financial data in this research are collected from the companies’ annual report from the last 6 years and the data from Indonesian Stock Exchange. According to the analysis in this result, the optimal capital structure for PT Astra International Tbk occurs when the company’s debt proportion at 40% which generates the firm value of Rp295.786.553.748.130.
Keywords: PT Astra International; Financial Ratio Analysis; Discounted Cash Flow (DCF) Valuation; Weighted Average Cost
of Capital (WACC) Approach; Optimal Capital Structure
Literature Review on Digitalization and Financial Performance
No full textThe purpose of this study is to summarize research on digitalization and emphasize how it affects financial performance. Additionally, applicable methodology from recent studies in a variety of domains is shown in this study. The state-of-the-art in digitalization research is described in this review article, which combines technology, finance, marketing, and innovation literature. In recent years, research on digitalization has expanded rapidly in a number of domains, employing both qualitative and quantitative techniques. The elements that affect an organization’s financial performance as a result of its digitalization—such as big data analytics, cloud computing, artificial intelligence, process automation, the Internet of Things (IoT), computer simulations, and online technology—have been the subject of more recent studies. Even if studies on digitalization have been more popular over the past five years, adding new dimensions and investigating qualitative methods remain fascinating areas of study. For academics who are unfamiliar with digitalization, this article provides an overview of how to explore the process. The article enhances the review of the impact of digitization on financial performance
Going Beyond Counting First Authors in Author Co-citation Analysis
Get PDFThe 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
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