Analisis Rasio Keuangan Terhadap Harga Saham Pada Perusahaan Farmasi

The research has the objective of analyzing financial ratios to stock prices of pharmaceutical sector companies that are listed on the Indonesia Stock Exchange. Accumulated buy events often occur in pharmaceutical company shares, but the issuer's share price remains stagnant. Where shares are bought by many investors, but the price is still maintained. This research was conducted on the Indonesia Stock Exchange of pharmaceutical entities on the IDX. The population in this research is the financial statements of pharmaceutical entities on the IDX for the period 2016-2020 and that meet the sample criteria, there are 10 companies. This research applies financial ratios including the current ratio, debt to equity ratio. The method applied is a multiple regression linear analysis model. The findings of the F test simultaneously current ratio and debt equity ratio have a significant effect on stock prices. The findings of the current ratio t test have a significant impact on stock prices. debt equity ratio has no significant effect on stock prices. Based on the value of R Square 0.180. This figure is 18% of the percentage of variables studied in this research, the remaining 82% is due to other factors that have not been discussed in the research

Underestimating risk leading to the collapse of a market leader in tourism

The topic of this paper, underestimating risk leading to the collapse of the market leader in tourism, is demonstrated on the example of the British travel agency Thomas Cook, which at one time was one of the oldest and largest travel agencies in the world. The aim of this paper is to analyze the development of the stock prices of Thomas Cook from May 13, 2018 to May 19, 2019 and the factors that had an impact on the share price of this company in the monitored period. The base source of data are the share prices of the travel agency Thomas Cook in the specified period from May 13, 2018 to May 19, 2019 published by MarketWatch. A statistical description of time series is used, a moving average trend line is displayed, and a cause-and-effect analysis evaluating the impact of the published information on the value of Thomas Cook’s stocks is carried out. The general lesson for companies resulting from this contribution is that every negative event, announcement or piece of information has a negative impact on the value of a company’s shares and a collapse could happen even to the leader of a given industry. The collapse of Thomas Cook provides lessons for companies doing business in tourism, so that in the event of a planned merger, a suitable company is selected, the company’s funds are under control and development trends in the field are monitored.

Tinjauan Teoritis Likuiditas Dan Profitabilitas Terhadap Nilai Perusahaan

The value of the company is the selling value of the company or the value of growth for shareholders, the value of the company is reflected in its share price. The main goal of the company is to maximize the value of the company. Increasing the value of the company can also increase investment opportunities by investors so that companies can get additional sources of funds. The purpose of this study is to examine the effect of profitability, liquidity on firm value on the Indonesian stock exchange. The results of this study indicate that (1) liquidity does not affect firm value and (2) profitability affects firm value. Simultaneously, liquidity and profitability affect the value of banking companies listed on the IDX. Keywords : Liquidity, Profitability, Firm Value, IDX

Determinant Factors of the Public Company’s Value which Listed in Indonesia Stock Exchange

The study was conducted to evaluate and analyze the factors that influence the value of the company, using 3 (three) alternative regression models, namely the stock market value; share price to book value; and the rate of return as a proxy for company value. Using the stratified random sampling technique, 22 companies were listed on the Indonesia Stock Exchange over a 10-year period from 2009 to 2018. The appropriate panel data estimation method for analyzing the regression model in this study used the fixed effect model (FEM). Regression results show that the variable of debt to total asset (DAR), return of asset (ROA) and gross profit margin (GPM) significantly influenced the value of the company measured by price to book value (PBV) as the dependent variable. For further research has to pay attention to differences in industry characteristics and also consider to use of other variables, such as age the company and the level of risk of the company that measures with the market model, so that it is possible to get better estimation results.

Sustainable business models to create sustainable competitive advantages: strategic approach to overcoming COVID-19 crisis and improve financial performance

Purpose The purpose of this study is to evaluate whether the implementation of sustainable business models contributes to improving a firm’s performance during a global crisis, such as the one caused by COVID-19. Based on the triple bottom line theory, the paper explores the relation between the creation of value through solid corporate social responsibility (CSR) strategies, United Nations (UN) Global Compact’s (GC) business model proposals and Global Reporting Initiative’s (GRI) reporting scheme. Design/methodology/approach The present paper studies companies within the European Union, focusing specifically on the long-term impact of using the world’s most widely used standards for sustainability reporting – the GRI’s standards and/or the UNGC management models, as well as on the firm’s performance based on the financial results during COVID-19 crisis. To achieve this goal, the study analyses the share price of firms publicly listed in the FTSEMIB (benchmark index of Italy’s largest trading platform) out of those companies that are implementing the UN and GRI’s tools. Findings Findings show how a commitment to sustainable business models and long-term CSR strategies can contribute to firm’s ability to overcome periods of economic crisis. Furthermore, implementing GRI standards and UNGC guidelines within the business model seems to have a positive impact in overcoming a hard context such as COVID-19. In addition, it contributes to a better understanding of stakeholders’ needs, consumer profiling and value creation. Originality/value This study evaluates firms’ business models, considering the effects of decisions made in the context of COVID-19. The role of UNGC and GRI is evaluated in terms of their contribution to firms’ financial performance and corporate reputation during a context of hardship. Consequently, this study contributes to academia and practice, adding value in areas related to strategic planning and business model design.

Australian Biotechnology: A 10-Year Study of Investor Performance

A recent study assessed the investor performance of the Australian drug development biotech (DDB) sector over a 15-year period from 2003 to 2018. The current study builds on that research and extends the analysis to 2020, using a 10-year period starting 2010, to exclude the impact of the global financial crisis in 2008/09. Based on a value-weighted portfolio of all 41 DDB firms, the overall sector delivered a negative annualized return of -4.1%. Individual firm performance was also assessed using the compound annual growth rate (CAGR) in share price over the period as a measure of investor outcomes. On this basis 68% of firms produced negative CAGRs over the period, and of the 32% of firms that produced positive CAGRs, six firms produced CAGRs greater than 20% per annum and in three cases of recently-listed firms, the CAGR’s were greater than 50%. Overall however, the sector overall delivered very poor investor returns and despite a relatively large number of listed biotech firms, Australian biotechnology continues to be small and weak in terms of its contribution to global biotechnology industrialization. As such it lacks the critical mass to grow a robust bioeconomy based on drug development, which remains the standard-bearer of biotechnology industrialization.

STRUCTURE, BEHAVIOR, AND MARKET PERFORMANCE ON MARKETING OF PATCHIE OIL IN BUKUT VILLAGE, TERANGUN DISTRICT GAYO LUES DISTRICT

Patchouli (Pogostemon cablin Benth) is an essential oil-producing plant which is a source of foreign exchange for the country. Indonesia is currently the world's producer of patchouli oil with a contribution of 90%, for that it is necessary to maintain market opportunities by increasing production through appropriate cultivation techniques, improving the quality of patchouli oil and developing patchouli plantings in areas that have bright prospects seen from the level of suitability. land and climate.The purpose of this study was to determine market structure, market behavior (various forms of collusion) and market appearances that occurred in the marketing of nimal oil in Bukut Village, Terangun District, Gayo Lues Regency. The data used are primary data and secondary data, for market participants, snowball sampling is used. The method used to analyze the market structure is Concentration Ratio analysis tools (Market Share, Herfindal Index and Concentration Ratio for Biggest Four or ), Degree of Product Differentiation, Barriers to Market Entry and Level of Market Knowledge. To analyze Market Behavior, it is descriptively analyzed about collusion and strategies that occur. To analyze the Market Performance used the analysis tools of Marketing Margin, Share Price, and Cost and Profit Ratio.〖CR〗_4.Market share at the collector levelthere is an oligopoly marketing system for patchouli oil with loose concentration. The concentration of buyers in marketing patchouli oil in Bukut village, both collectors, village collectors, and representative warehouses/ wholesalers is oligopsony. The marketing structure of Patchouli Oil in Gayo Lues, at the level of collector traders is a loose oligopoly with a CR4 value of 0.5421, at the level of a village collector it is a tight oligopoly with a CR4 value of 0.8855, while at the warehouse representative/ wholesaler level it is a tight oligopoly with a CR value, reaching 1.00. should have a value of 1.00 is a monopoly, but because there are still three competing companies, it is categorized as a strict oligopoly.

Determinant Factors of the Public Company’s Value which Listed in Indonesia Stock Exchange

The study was conducted to evaluate and analyze the factors that influence the value of the company, using 3 (three) alternative regression models, namely the stock market value; share price to book value; and the rate of return as a proxy for company value. Using the stratified random sampling technique, 22 companies were listed on the Indonesia Stock Exchange over a 10-year period from 2009 to 2018. The appropriate panel data estimation method for analyzing the regression model in this study used the fixed effect model (FEM). Regression results show that the variable of debt to total asset (DAR), return of asset (ROA) and gross profit margin (GPM) significantly influenced the value of the company measured by price to book value (PBV) as the dependent variable. For further research has to pay attention to differences in industry characteristics and also consider to use of other variables, such as age the company and the level of risk of the company that measures with the market model, so that it is possible to get better estimation results.

To the top: the impact of digital transformation on the market value of Magazine Luiza

Objective of the study: This article aims to highlight the aspects that drove the implementation of digital transformation on Magazine Luiza and contribute to the development of the digital transformation theory.Relevance/originality: Information technology (IT) offers opportunities for businesses to automatize operations and change business strategies (Henderson Venkatraman, 1999), but it is still not clear for every business how to embrace technology (Drnevich Croson, 2013).Methodology/approach: Using a case study, we analyzed the main aspects of the digital transformation of the Brazilian retailer Luiza Magazine, which achieved a 43,000% increase in its share price between 2015 and 2020, mainly due to innovations enabled by IT.Main results: We identify that some of the main aspects of the company's digital transformation have not been properly studied in the literature, such as the use of a bimodal IT structure and the use and interconnectivity between traditional and new technologies in innovative and even disruptive ways.Theoretical/methodological contributions: This study contributes to the literature by analyzing empirical data on the pillars that support the implementation of digital transformation in an organization, which can be used as input to theory development on digital transformation.Social/management contributions: The digital transformation of Magazine Luiza resulted in a large increase in the market value of the company. This, aligned with the company’s expansion and increasingly better results, suggests that technology has the potential to change the company’s strategy and lead to its success, corroborating Bharadwaj’s (2013) view.