scholarly journals Jurnal Manajemen Bisnis Dan Kewirausahaan

2019 ◽  
Vol 2 (2) ◽  
Author(s):  
Magister Manajemen
Keyword(s):  
Real Estate ◽  
Balanced Scorecard ◽  
Firm Value ◽  
Working Capital ◽  
Leverage Ratio ◽  
Customer Perceived Value ◽  
Growth Opportunity ◽  
Investment Opportunity Set ◽  
Asset Turnover ◽  
Asset Growth

  JURNAL MANAJEMEN BISNISDAN KEWIRAUSAHAAN   Volume 02/No.2/Maret /2018                                                                 e-ISSN 2598-0289  Terbit enam kali dalam setahun. Berisi tulisan yang diangkat dari hasil penelitian di bidang Ilmu Manajemen dan Kewirausahaan.   Ketua Dewan PenyuntingProf. Ir. Carunia Mulya Firdausy, MA, Ph.D – Universitas Tarumanagara  Wakil Ketua Dewan PenyuntingDr. Eko Harry Susanto – Universitas Tarumanagara  Anggota Dewan Penyunting Dr. Ir. Agus Zainul Arifin, MM – Universitas TarumanagaraDr. Eddy Supriyatna MZ, M.HUM – Universitas TarumanagaraDr. Anas Lutfi, MM, MKN – Universitas IndonesiaDr. Hardius Usman, M.Si – Universitas IndonesiaDr. Indra Widjaja, SE, MM – Universitas TarumanagaraDr. Hetty Karunia Tunjung Sari – Universitas Tarumanagara   SekretariatMaria Benedicta, SEStephanie Pane, SE, MM    Alamat Penyunting dan Tata Usaha: Program Studi MM Untar, Kampus 1, Gedung Utama, Lantai 14, Jl. Let. Jen. S. Parman No. 1 Grogol, Jakarta 11440. Telp. (62-21) 5655806 dan Fax. (62-21) 5655808. Email: [email protected]    JURNAL MANAJEMEN BISNIS & KEWIRAUSAHAAN        Maret 2018, Volume  02, No.2                                                                                                        ISSN 2598-0289Halaman 1-126   ANALISIS PENERAPAN BALANCED SCORECARD  UNTUK MENGUKUR KINERJA PERUSAHAAN  PADA PT. XYZ TBK.Sudiman                                                                                                                                                                                   01-07 DO POLICY MAKER CREATES FINANCIAL INNOVATION AND SUPPORT GROWTH?Suwinto Johan                                                                                                                                                                          08-15 PENGARUH GROWTH OPPORTUNITY, PROFITABILITAS, TINGKAT LIKUIDITAS TERHADAP STRUKTUR MODAL PADAPERUSAHAAN SUB SEKTOR MAKANAN DAN MINUMAN  YANG TERDAFTAR DI BURSA EFEK INDONESIA .Elvina Kurniawati Hadiyanto dan Indra Widjaja                                                                                                                       16-23 KINERJA REKSA DANA SAHAM DENGAN MENGGUNAKAN METODE SHARPE, TRENYOR DAN JENSEN PADAPERIODE JANUARI 2014 SAMPAI DESEMBER 2015Methirana                dan Indra Widjaja                                                                                                                                                     24-32 STRATEGI PEMASARAN MELALUI PESAN DALAM IKLAN ROKOK SAMPOERNA HIJAU DI TELEVISIVERSI DATANG KONDANGANYehuda                                                                                                                                                                                    33-41 PENGARUH ACTIVITY RATIO, WORKING CAPITAL MANAGEMENT, FIRM SIZE DAN LEVERAGE RATIO TERHADAPPROFITABILITY PADA PERUSAHAAN SUB SEKTOR PROPERTY DAN REAL ESTATE YANG TERDAFTAR DALAMBURSA EFEK INDONESIANadia Lionardi                                                                                                                                                                         42-49 FAKTOR-FAKTOR PREDIKTOR INVESTMENT OPPORTUNITY SET DAN FIRM VALUE PADA PERUSAHAAN PROPERTY DAN REAL ESTATE YANG TERDAFTAR DI BEIRita Amelinda dan Indra Widjaja                                                                                                                                              50-56 PENGARUH WORKING CAPITAL TURNOVER, TOTAL ASSET TURNOVER, ASSET GROWTH  DAN SALES GROWTHTERHADAP KINERJA KEUANGAN PERUSAHAAN CONSUMER GOODS YANG TERDAFTAR DI BURSA EFEK INDONESIASELAMA TAHUN 2013-2016Shelly Andelline dan Indra Widjaja                                                                                                                                             57-65 STRATEGI PEMASARAN DALAM RANGKA MENINGKATKAN PENJUALAN BENQ INTERACTIVE FLAT PANELMike Avelinus Thendry dan Anas Lutfi                                                                                                                                      66-73 PENGARUH CUSTOMER PERCEIVED VALUE , SERVICE QUALITY, DAN PHYSICAL  ENVIRONMENTTERHADAP KEPUASAN DAN KESETIAAN PELANGGANShelly Agustina Natawijaya dan Keni                                                                                                                                        74-81 ANALISA MANAJEMEN STRATEGIK PT FONDACO JAYATAMA DALAM BERSAINGMauren Astria dan Eko Harry Susanto                                                                                                                                     82-90 PENGARUH KEPUASAN KONSUMEN, HARGA, KUALITAS PRODUK, DAN PROMOSI TERHADAP LOYALITASMEREK ALAT ANGKAT / CRANE XYZ PADA PT.ABCTommy                                                                                                                                                                                    91-96 PENGARUH PROMOSI MELALUI INSTAGRAM TERHADAP KEPUTUSAN PEMBELIAN DI FOOD COURTElin Lininati                                                                                                                                                                              97-102 PENGARUH CITRA PERUSAHAAN DAN REPUTASI TERHADAP KUALITAS PELAYANAN DAN DAMPAKNYAPADA KEPUASAN PELANGGAN (Pada Nasabah Tabungan Bank Artha Graha)Kevin dan Mukti Rahardjo                                                                                                                                                       103-109 FAKTOR-FAKTOR YANG MEMPENGARUHI PRICE EARNING RATIO SAHAM LQ45 DI INDONESIATaruna dan Carunia Mulya Firdausy                                                                                                                                        110-119 ANALISIS STRATEGI SOAR PT. XYZ DALAM  MENINGKATKAN PENJUALAN BAHAN BAKU KIMIA UNTUKINDUSTRI TEKSTIL, KAYU, PAKAIAN DAN DETERJENCalvin Chiu                                                                                                                                                                              120-126       

scholarly journals FAKTOR –FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN BUMN DI BURSA EFEK INDONESIA TAHUN 2011-2015

2017 ◽  
Vol 1 (2) ◽  
pp. 25
Author(s):  
Ardian Prima Putra ◽  
Sri Wahyu Agustiningsih ◽  
Purwanto Purwanto
Keyword(s):  
Firm Value ◽  
Gdp Per Capita ◽  
Cash Holding ◽  
Firm Age ◽  
Working Capital ◽  
Turnover Ratio ◽  
Growth Opportunity ◽  
Asset Turnover ◽  
Per Capita ◽  
Trade Growth

This study aims to examine the factors that affect the value of state enterprises in the Indonesia Stock Exchange Year 2011-2015. State companies have an important role in the Indonesian economy. State companies also serve to generate revenue for the Indonesian government to fund the Indonesian State Budget. Factors affecting the value of state firms tested in this research are Cash Holding, Leverage, Exchange Rate, Net Working Capital, ROA, Size, and Firm Age. In addition, this study also uses control variables to test the effect of independent variables on the dependent variable of firm value. The control variables used in this study are International Trade, Growth Opportunity, GDP per capita, and Total Asset Turnover Ratio. This study uses a sample of state companies listed on the IDX 2011-2015. This research uses multiple regression analysis to test the influence of independent variable and control variable to Dependent variable. The results show that Cash Holding, Leverage, Exchange Rate, Net Working Capital, ROA, Size, Firm Age, International Trade, Growth Opportunity, GDP per capita, and Total Asset Turnover Ratio simultaneously have significant effect on firm value measured by tobin-q. The t test shows that firm size partially has a significant negative effect on firm value while other variables show insignificant results.

scholarly journals Faktor-Faktor Prediktor Investment Opportunity Set Dan Firm Value Pada Perusahaan Propertydan Real Estate Yang Terdaftar Di Bei

2019 ◽  
Vol 2 (2) ◽  
Author(s):  
Rita Amelinda Dan Indra Widjaja
Keyword(s):  
Real Estate ◽  
Cash Flow ◽  
Firm Value ◽  
Financial Risk ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Free Cash Flow ◽  
Investment Opportunity ◽  
Working Capital ◽  
Investment Opportunity Set

Great integration and similar point of view between  stakeholders are essential to build an optimal firm value. As alongwith firm value, most of investor also view rate of return in their investment. Therefore, investment opportunity set could also become a mediator to optimize firm value. Recently ,in a crisis and financial distress condition, these two main variables lead to dilemma for some company such. This study aims to find out about the factors which predict the firm value and investment opportunity set. The sample of this research consist on 39 companies in property and real estate industry sector which listing in Indonesia Stock Exchange (IDX) between 2012 until 2016 period. This research used panel regression analysis with fixed effect method to test their hypothesis. The conclusion of this study indicate that simultaneously, leverage, financial risk, free cash flow, institutional ownership, and working capital affect the firm value significantly. While, partially, only leverage, free cash flow, and working capital which affect the firm value significantly. On the other hand, investment opportunity set has only perfectly mediating between financial risk and institutional ownership to firm value and partially mediating leverage to firm value.

scholarly journals PENGARUH GROWTH OPPORTUNITY TERHADAP NILAI PERUSAHAAN MELALUI STRUKTUR MODAL (pada Perusahaan Sektor Property, Real Estate & Building Construction yang Terdaftar di Bursa Efek Indonesia Tahun 2011-2014)

2018 ◽  
Vol 4 (2) ◽  
pp. 15-28
Author(s):  
Nova Adhitya Ananda ◽  
I Nyoman Nugraha Ardana P
Keyword(s):  
Real Estate ◽  
Capital Structure ◽  
Firm Value ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Partial Least Square ◽  
Least Square ◽  
Building Construction ◽  
Construction Company ◽  
Growth Opportunity

ABSTRACT  The purpose of this research is to find the influence of growth opportunity and capital structure on firm value. The research objects used is property, real estate and building construction company which listed in Indonesian Stock Exchange in 2011-2014. This research used a purposive sampling technique in determining the research sample. The number of companies chosen as the sample in 37 company of 54 companies registered in property, real estate and building construction sector. This research was included in the explanatory research using quantitative approach. Data analysis method used in this research is partial least square (PLS) analysis. The result showed that in directly growth opportunity and capital structure has a significant effect on firm value. Growth opportunity undirectly has significant effect on the firm value by means of capital structure. Growth opportunity has a positive and significant effect on capital structure and capital structure has a negative and significant effect on firm value.Keywords : Growth Opportunity, Capital Structure and Firm Value

scholarly journals Assets Growth, Earnings Persistence, Investment Opportunity Setand Earnings Management on Dividend Policy and Firm Value (Study at Bank Companies in Indonesia)

2021 ◽  
Vol 56 (2) ◽  
pp. 220-234
Author(s):  
Indrayati ◽  
Basuki Rachmat ◽  
Slamet
Keyword(s):  
Earnings Management ◽  
Firm Value ◽  
Earning Management ◽  
Significant Positive Effect ◽  
Investment Opportunity ◽  
Insignificant Effect ◽  
Investment Opportunity Set ◽  
Negative Effect ◽  
Asset Growth ◽  
Positive Effect

The purpose of this study was to test the effect empirically the influence of growth and earnings management on dividend payment policies and company value in as many as 40 banking companies listed on the Indonesian stock exchange in 2015-2019. The research method is explanatory research with secondary data, based on documentation data, data processing using the Structural Equation Model test. The results showed that asset growth had a negative and insignificant effect on dividends, persistence had no significant negative effect on dividends, investment opportunity set had a significant positive effect on dividends, earning management had a positive and insignificant effect on dividends, asset growth had no significant negative effect on the value company, dividends had a significant positive effect on firm value. Persistence has no significant positive effect on firm value. Investment opportunity set has a positive and insignificant effect on firm value, and earning management had a significant positive effect on firm value.

Pengaruh Perputaran Modal Kerja dan Perputaran Persediaan Terhadap Profitabilitas Perusahaan Properti dan Real Estate yang Terdaftar di Bursa Efek Indonesia

2021 ◽  
Vol 5 (2) ◽  
pp. 67-77
Author(s):  
Meidita Kurnia ◽  
Hendra Gunawan
Keyword(s):  
Real Estate ◽  
Bank Loans ◽  
Working Capital ◽  
Short Term ◽  
Cross Sectional ◽  
Real Estate Sector ◽  
Negative Effect ◽  
Asset Turnover ◽  
Inventory Turnover ◽  
Positive Effect

This study aims to test whether working capital turnover has a negative effect on profitability and inventory turnover has a positive effect on the profitability of property and real estate sector companies listed on the IDX for the 2014-2018 period. This study has one dependent variable, namely profitability and five independent variables, namely working capital turnover, inventory turnover, asset turnover, short-term bank loans, liquidity and mark up. The sampling method used the cross-sectional technique, with a sample of 210 companies in the 5 years of the study. The results of the study found that working capital turnover has a negative effect and inventory turnover has a positive effect, asset turnover has a positive effect, short-term bank loans have a negative effect, while liquidity and mark-up have a negative effect on company profitability. This shows that the lower the working capital turnover of a company, the lower the company's profitability, the smaller the inventory turnover rate, the higher the company's profitability, the higher the asset turnover, the better the company's ability to generate profits, the higher the company's short-term debt. the lower the company's profitability, the higher the liquidity and mark-up, the more difficult the company's ability to generate high profits.

scholarly journals Pengaruh Activity Ratio, Working Capital Management, Firm Size Dan Leverage Ratio Terhadap Profitability Pada Perusahaan Sub Sektor Property Dan Real Estate Yang Terdaftar Dalam Bursa Efek Indonesia

2019 ◽  
Vol 2 (2) ◽  
Author(s):  
Nadia Lionardi
Keyword(s):  
Real Estate ◽  
Firm Size ◽  
Activity Ratio ◽  
Stock Exchange ◽  
Random Effect ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Leverage Ratio ◽  
Independent Variables

The purpose of this research was to determine the effect of activity ratio, working capital management, firm size and leverage ratio to company’s profitability in sub sector property and real estate listed in Indonesia Stock Exchange. The sampling method was done by using purposive sampling. Secondary data collection methods were taken from IDX published financial statements. This research used multiple regression analysis with random effect method to test their hypothesis using Eviews 6. The results show that activity ratio, firm size and leverage ratio have a positive significant affect to company’s profitability measured using ROE, while working capital management has a negative insignificant affect to company’s profitability. F-test result show that all independent variables in this research simultaneously have a significant effect to company’s profitability in sub sector property and real estate listed in Indonesia Stock Exchange. In the test of Adjusted R2, the analysis results showed that 39,83% profitability was influenced by the independent variables of this research while the remaining 60,17% influenced by other factors not studied.

scholarly journals Pengaruh Times Interest Earned Ratio, Total Asset Turnover dan Perputaran Modal Kerja terhadap Profitabilitas pada Perusahaan Sub Sektor Property dan Real Estate yang terdaftar di Bursa Efek Indonesia periode 2013-2017

2019 ◽  
Vol 2 (2) ◽  
pp. 253-264
Author(s):  
Yunita Yunita ◽  
Shelly Shelly ◽  
Novia Ariani ◽  
Erline Chandra ◽  
Selvia Selvia ◽  
...  
Keyword(s):  
Real Estate ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Total Asset ◽  
Coefficient Of Determination ◽  
Research Approach ◽  
Working Capital ◽  
Asset Turnover

This research was conducted with the aim of testing and analyzing how the influence of times interest earned ratio, total asset turnover and working capital turnover on profitability both simultaneously and partially in property and real estate companies listed on the Indonesia Stock Exchange in 2013-2017. The research method used in this study is a quantitative research approach, the type of research is associative or relationship and the nature of research is a causal relationship. The population in this study were all property and real estate companies listed on the Indonesia Stock Exchange in 2013-2017. Withdrawal of the study sample using purposive sampling technique, so that the research sample obtained as many as 90 observation observations. Data analysis method used in this study is the classic assumption test and multiple linear regression analysis with the SPSS program. The results of this study indicate that simultaneously times interest earned ratio, total asset turnover and working capital turnover have a significant effect on profitability. Partially, times interest earned ratio and total asset turnover have a significant effect on profitability while time working capital turnover has no effect on profitability. The test results of the coefficient of determination obtained by the value of R Square of 0.502, which means that the influence of times interest erned ratio, total asset turnover and working capital turnover on profitability in property and real estate companies listed on the Indonesia Stock Exchange in 2013-2017 is 50.2%, while the remaining 49.8% is influenced by other factors.

scholarly journals Faktor-faktor yang Mempengaruhi Firm Value

2021 ◽  
Vol 5 (4) ◽  
pp. 425
Author(s):  
Cynthia Ruana ◽  
Indra Widjaja
Keyword(s):  
Real Estate ◽  
Firm Value ◽  
Sampling Method ◽  
Institutional Ownership ◽  
Working Capital ◽  
Purposive Sampling ◽  
Independent Variables ◽  
Program Version

The purpose of this research is to examine what factors can trigger an increase in Firm Value. Therefore, this research cause Firm Value as a dependent variable and Leverage, Growth, Institutional Ownership, and Working Capital Turnover used as independent variables. Property and real estate companies listed in BEI period 2014-2018 used as a subject. The sample was determined by purposive sampling method of 38 companies. This research used Eviews program version 9.0. The results of the study indicate that Leverage and Institutional Ownership have a positive and significant impact on Firm Value, while Growth and Working Capital Turnover have a positive but insignificant impact on Firm Value. Tujuan dari penelitian ini untuk menguji factor-faktor apa saja yang mampu menjadi pemicu peningkatan nilai perusahaan. Maka dari itu, penelitian menjadikan nilai perusahaan sebagai variabel dependen dan variabel independen yang digunakan yakni Leverage, Growth, Institutional Ownership dan Working Capital Turnover. Subjek yang digunakan yakni perusahaan property and real estate yang terdaftar di BEI periode 2014-2018. Pengambilan sampel menggunakan metode purposive sampling sebanyak 38 perusahaan. Penelitian ini menggunakan aplikasi pengolah data Eviews 9.0. Hasil dari penelitian menunjukkan bahwa Leverage dan Institutional Ownership berdampak positif dan signifikan terhadap nilai perusahaan sedangkan Growth dan Working Capital Turnover berdampak positif namun kurang signifikan terhadap nilai perusahaan. 

scholarly journals PENGARUH GROWTH OPPORTUNITY, NWC, CASH CONVERSION CYCLE, IOS DAN LEVERAGE TERHADAP CASH HOLDING

2020 ◽  
Vol 16 (1) ◽  
pp. 44-58
Author(s):  
Dirvi Surya Abbas Dirvi
Keyword(s):  
Cash Holding ◽  
Investment Opportunity ◽  
Working Capital ◽  
Purposive Sampling ◽  
Cash Conversion Cycle ◽  
Growth Opportunity ◽  
Investment Opportunity Set

Penelitian ini bertujuan untuk mengetahui apakah informasi Growth Opportunity, Net Working Capital, Cash Conversion Cycle, Investment Opportunity Set dan Leverage digunakan dalam memberikan sinyal kepada investor atas Cash Holding. Penelitian ini menggunakan sampel perusahaan sektor Makanan dan Minuman selama tahun 2014-2018 dengan menggunakan metode purposive sampling. Data yang digunakan diperoleh dari laporan tahunan yang terdaftar di Bursa Efek Indonesia. Metode analisis yang digunakan adalah analisis regresi berganda dengan bantuan SPSS versi 16.0. Hasil Penelitian dari pengujian ini menghasilkan bahwa Variabel Net Working Capital dan Investment Opportunity Set secara parsial berpengaruh terhadap Cash Holding. Sedangkan variabel Growth Opportunity, Cash Conversion Cycle dan leverage tidak memiliki pengaruh terhadap Cash Holding.

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