Browsing by Author "Hadian, Niki"

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    ANALYSIS OF ANNOUCEMENT MERGER AND ACQUISITION AND PAYMENT METHOD TO STOCK RETURN: STUDY OF LISTED COMPANIES AT BEI DURING 2005-2011
    (23rd International Business Research Conference, World Business Institute, 2013-11-18) Dianita, Mirna; Tarmidi, Didi; Hadian, Niki
    Merger and acquistion are important information for share holders. Merger or acquisiton announcement released by a company will affect share price of target company. This research of merger and acquisition with payment method aims to test the effect due to the event.Their reaction depends on early announcement and how a company fund the merger and acquisition. Hypothesis for this research are whether there is positive abnormal return during the announcement date of merger and acquisition, and whether Average abnormal return Merger and acquisition announcements using cash as a method of payment is greater than the announcement Mergers and acquisitions using stock as a method of payment. The method of research used in this study is a method of verificative and descriptive event study approach. The samples used in this research are companies listed on the Indonesia Stock Exchange that announced their mergers and acquisitions in the year 2005-2011 and acquired 20 companies to 10 companies using cash payments and 10 companies using the stock payments. The method of analysis used in this study is event study method, which is to observe the company's stock price and then calculate the average abnormal return before and after the merger issue. Result shows that there is positive abnormal positive return during the announcement date of merger and acquisition, there is a significant AAR prior to the announcement of mergers and acquisitions. And for the payment method, Average abnormal return on the announcement of the merger and acquisition using cash is not greater than the average abnormal return to the stock as a payment method to undertake mergers and acquisitions.
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    THE ANALYSIS OF IMPACT OF MULTINATIONAL COMPANY OPERATIONS CLOSING TO SHARE PRICE COMPANY IN INDONESIA (Study on Automotive Sector)
    (Journal of Advanced Research in Dynamical & Control Systems, Vol. 11, 03-Special Issue, 2019) Dianita, Mirna; Prayitno, Yogo Heru; Gunanta, Remon; Hadian, Niki
    Multinational companies are one indicator of development for a country. The more number of multinational companies open operations in a country, then it will have an impact for the economic improvement of the country. However, in recent years many of these multinational companies have announced retreat from all operations in Indonesia and stop the sale and import of all vehicles. Viewed from the side of investors, certainly provide a variety of responses. Some investors think of this as good news or "good news" so they will buy shares in the automotive sector, and for investors who think the news is bad news they will sell shares in the automotive sector.This study aims to test the market reaction to the closure of multinational corporation operations by examining the abnormal return around the date of announcement both at competitor companies and companies engaged in the same sector.This study is an event study and uses samples from companies listed on the Indonesia Stock Exchange on manufacturing companies in the various industry sectors, and in the automotive sub-sector and components. The test results can be concluded that there is no abnormal return around the occurrence of the announcement of the closing of multinational companies, then this indicates that there is a concurrent market reaction.
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    DESIGN OF INTERACTIVE APPLICATION OF WAREHOUSE INVENTORY USING SMA (SINGLE MOVING AVERAGE) METHOD CASE STUDY PT ESTETIKA PRO INTERNATIONAL
    (International Journal of Psychosocial Rehabilitation, Vol.24, Issue 01, 2020) Setiawati, Popong; Mujib, Ahmad; Novita, Diana; Hadian, Niki
    Less clear, fast and accurate information about the inventory of goods often occurs in every company, as well as what happens in the inventory system of PT Estetika Pro International. Recording business processes are still done manually, there are no warnings for inventories reaching the minimum limit, difficulties in determining inventory for the next month/period, and data duplication is the cause of unclear, slow and inaccurate inventory information. The purpose of this research is to produce an inventory application that can manage inventory data so that data duplication and accumulation of goods do not occur. Moreover, it can reduce delays in inventory information that is useful for decision making in meeting customer needs. The development methodology used is the waterfall method. The tools used are UML (Unified Modeling Language), using PHP programming language and MySql database. The final result of this research is to produce a database system that can manage company data and minimize errors in handling goods and produce inventory applications that have sales, purchases, returns, shipping, history of goods, thinning goods warnings and reports of goods with a user-friendly and computerized display.
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    DETECTION FRAUD OF FINANCIAL STATEMENT WITH FRAUD TRIANGLE
    (23rd International Business Research Conference, World Business Institute, 2013-11-18) Manurung, Daniel T. H.; Hadian, Niki
    This study aims to obtain empirical evidence to detect fraudulent financial statements based on the perspective of fraud triangle. Fraud triangle theory proposed by Cressey (1953) states that there are three conditions that are always present in every instance of fraud, pressure, opportunity and rationalization. Based on the proposed theory of fraud triangle. Fraudulent financial reports on this research is proxied by earnings management. Variables - variables used of fraud triangle is composed of the pressure of financial stability (AGROW), external pressure by proxy leverage ratio (LEV)), Financial Targets with proxy return on assets (ROA) and the ineffectiveness monitoring by proxy the ratio of independent board (BDOUT). Data on indications of fraud financial report in this study are listed in LQ45 stocks. The population in this study is a company registered in LQ45 in periode 2012 –2013. The selection of the sample in this study was conducted with a purposive sampling method and obtained samples are 35 companies listed in the LQ45 both contain elements of fraud in the financial statements and did not commit fraud in the financial statements (by industry and total assets) to perform financial statement presentation back . In this research, hypothesis testing is done using multiple linear regression method. Results of this study indicate that the stability of the financial variables that proxy the asset growth rate (AGROW) has a positive influence by fraud financial statements, financial targets proxied by profitability ratios (ROA) has a positive relationship with fraudulent financial statements, financial effectiveness is proxied by the ratio of the commissioners (BDOUT) has a positive relationship with fraudulent financial statements, the external pressure is proxied by Leverage Ratio (LEV) has a negative relationship with financial statement fraud.
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    THE EFFECT OF ACCOUNTING INFORMATION SYSTEM ON LENDING POLICIES
    (International Journal of Psychosocial Rehabilitation, Vol.24, Issue 02, 2020) Gunanta, Remon; Hadian, Niki; Marwata, Sofa Raiza; Saudi, Mohd Haizam Mohd
    The aim of the paper is to evaluate the impact of the accounting information system on lending policies in Program Kemitraan Witel Bandung . The independent variable in this study is the accounting information system and the dependent variable is the lending policies. The research method used in this research is descriptive verification research method. The results were analysed using simple linear regression analysis. The results showed that the accounting information system has a significant effect on lending policies.
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    THE EFFECT OF GDP GROWTH AND INFLATION ON CHANGES IN STOCK COMPANY PRICES LISTING ON THE IDX 2016-2018
    (International Journal of Psychosocial Rehabilitation, Vol.24, Issue 02, 2020) Dianita, Mirna; Hadian, Niki; Ali, Muhammad; Aryanti, Maya Lisa
    This study was conducted to determine the effect of Gross Domestic Product (GDP) growth and inflation on changes of the stock price of infrastructure companies listed on the Indonesia Stock Exchange in the period of 2016 - 2018. The data sources used in this study are secondary data of three infrastructure companies, namely PT. Citra Marga Nusaphala Persada, Tbk (CMNP), PT. Jasa Marga (Persero), Tbk (JSMR), and PT. Nusantara Infrastructure, Tbk (META). The data are obtained from the Indonesia Stock Exchange, Bank Indonesia and the Central Bureau of Statistics. The analysis technique used in this study is multiple regression analysis. The results show that both partially and simultaneously, the GDP and inflation variables had significant effect on changes in the stock price of infrastructure companies.
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    THE EFFECT OF RETURN ON ASSETS AND RETURN ON EQUITY TOWARD CHANGES IN THE PRICE OF TRANSPORTATION COMPANIES
    (International Journal of Psychosocial Rehabilitation, Vol.24, Issue 02, 2020) Hadian, Niki; Saudi, Mohd Haizam Mohd
    This research purposes to examine the Return On Assets (ROA) effect’s and Return On Equity (ROE) on changes in share prices listed on the ISX at the 2015-2018 period. The method used in this research’s explanatory research. The data used is data of secondary. The population at this research’re all sub-sector of transportation companies listed at the ISX at the period of 2015-2018. Sampling using a purposive method, so the number of samples obtained by 11 corporates with a total observation of 44 data. The analysis of data method uses analysis of panel data and data testing is done using the Eviews 8 program. The results showed that ROA partially had no effect on changes in stock prices. ROE affects the changes in stock prices. With a determination coefficient’s (R2) of 0.217053 which denotes that the variability of the dependent variable that is changes in stock prices can be explained by the variables of independent specificaly Return On Assets and Return On Equity in this study amounted to 21.7053%, and the remaining 78.2947% is explained by others than the research model.
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    THE EFFECT OF RUPIAH EXCHANGE RATE, INFLATION AND GROSS DOMESTIC PRODUCT UPON AUTOMOTIVE MANUFACTURING INDUSTRY IN BURSA EFEK INDONESIA
    (Solid State Technology Volume: 63 Issue: 5, 2020) Natasya, Fransisca; Marlina, Nina; Amaliana, Vinita; Astuti, Yuli Siti; Hadian, Niki
    The funds of market activities in Indonesia become automotive manufacturing industry purposed to conduct and improve country economy. Automotive manufacturing industry in 2019 has its degradation, Badan Pusat Statistik (BPS) Assessed this degradation is necessary to be attention, retrieving the industry is one of supporting sector of economy which have mass effect on Indonesian economy. The purpose of following research is identifying the effect of Rupiah exchange rate, inflation and Gross Domestic Product (GDP) upon the degradation of registered automotive manufacturing industry stock value in Bursa Efek Indonesia. The sample source in this research using the secondary sample from 12 automotive manufacturing factories. The sample are gathered from Bank Indonesia, Bursa Efek Indonesia and Biro Pusat Statistik. Multi-regression analyzing technic is used, with the stated result that inflation and Gross Domestic Product partially had significant and positive effect to stock value, when exchange rate or kurs had significant negative effect to Manufacturing factories stock value in Bursa Efek Indonesia.
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    FAKTOR YANG MENENTUKAN INVESTOR DALAM PENGAMBILAN KEPUTUSAN PEMBELIAN SAHAM SEKTOR INDUSTRI FARMASI (STUDI KASUS TERHADAP INDUSTRI FARMASI YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2013 – 2016)
    (Seminar Nasional Akuntansi dan Bisnis (SNAB), Fakultas Ekonomi Universitas Widyatama, 2017-07-20) Winarso, Eddy; Hadian, Niki
    Penelitian ini bertujuan untuk mengetahui pengaruh rasio keuangan terhadap nilai perusahaan farmasi yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2013-2016, baik secara parsial maupun simultan. Rasio keuangan yang diteliti yaitu: current ratio (CR), debt to equity ratio (DER), return on assets (ROA), total assets turn over (TATO) dan price earnings ratio (PER). Populasi dalam penelitian ini adalah perusahaan farmasi yang terdaftar di Bursa Efek Indonesia (BEI) pada tahun 2013 sampai 2016. Sampel penelitian sebanyak 10 perusahaan farmasi yang diperoleh dengan teknik purposive sampling. Teknik pengumpulan data yang digunakan adalah dokumentasi. Analisis data dilakukan dengan teknik analisis data panel. Hasil penelitian menunjukkan bahwa secara parsial variabel ROA, TATO dan PER berpengaruh signifikan terhadap nilai perusahaan, sedangkan CR dan DER tidak berpengaruh signifikan. Secara simultan variabel CR, DER, ROA, TATO dan PER berpengaruh terhadap nilai perusahaan. Variabel CR, DER, ROA, TATO dan PER dapat menjelaskan nilai perusahaan pada perusahaan farmasi yang terdaftar di Bursa Efek Indonesia (BEI) pada tahun 2013-2016 sebesar 82,65%.
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    FINANCIAL PERFORMANCE ANALYSIS BASED ON PROFITABILITY RATIO (Study at PT Astra International Tbk Period 2009-2018)
    (International Journal of Psychosocial Rehabilitation, Vol.24, Issue 02, 2020) Ali, Muhammad; Dianita, Mirna; Hadian, Niki; Aryanti, Maya Lisa; Wahyuningsih, Nila Dewi
    This study aims to determine the description of the level of profitability at PT Astra International Tbk. The data used in this study are secondary data in the form of the annual financial statements of PT Astra International Tbk for the period 2009-2018. The method used in this research is descriptive method. The average value of Gross Profit Margin (GPM) for the period 2009-2018 was 20.1%, the lowest value of GPM was 18% in 2013 and the highest value of GPM was 23% in 2009. Average Net Profit Margin ( NPM) of 11.4%, the lowest value of NPM of 8% in 2015 and the highest value of NPM of 13%. The average value of Return On Assets (ROA) is 10.3%, the lowest value of ROA is 6% in 2015 and the highest value of ROA is 15% in 2010. The average value of Return On Equity (ROE) is 20.2 %, the lowest value of ROE is 12% and the highest value of ROE is 29%.
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    THE INFLUENCE OF LEVERAGE FACTOR AS FINANCIAL POLICY INDICATOR TOWARD THE BOND RATING
    (Fakultas Ekonomi Universitas Negeri Manado (Volume 6, No.1, Januari-Juni 2014), ) Hadian, Niki
    The Securities Exchange has an important role in a country because it can create facilities for industrial requirements and all entities in fulJilling capital demand and supply. In Indonesia , the presence of securities exchange must still be continued to be expanded for attracting investor 's interest. In a securities exchange, in addition to stock, it is also traded bond. Stock investors generally use profitability valuation for determining of companies which would be utilized as its investing media, meanwhile bond investors generally provides for their focus on organization valuation which it will use as their investing media, there is capability to pay for loan. llerefore, the leverage factor is an important case on company because a good leverage (appropriate financial policy) will make an optimum financial structure for company's party, and in other side , an interesting leverage factor will increase bond investor 's interest. Based on above description, so the author performed a research on the Influence of Leverage Factor as Financial Policy Indicator toward the Bond Rating. This study was carried out in according to data obtained porn PT. Pefindo with number of samples as 16 bond data from 9 companies issuing bond in 2012from January until September. Furthermore, those data were processed until it is obtanined Rank Spearman correlation Sigures as -0,430 and it is interpreted that there is an intermediate correlation level. Furthermore, r,-count figure as this 0,430 is compared with rstable as -0,425 on 5% jkeedom degree and n = 16 ih fact is located within zero hyphotetical rejection area (Ho). Thus the zero hyphotesis that state leverage factor does not signrficantly have influences on bond rating, so that it can be rejected on 5% signrficance level. Therefore, the magnitude of leverage factor signijicantly has influence on bond rating. Meawhile, a negative value shows an inverse relationship pattern, that is, the higher bverage factor, so that bond rating will be lower one. The magnitude of leverage factor on bond rating is 18,49% and the remainder 81,51% are aflected by other factors.
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    INFLUENCE OF OBLIGATION LEVEL CHANGES, INTEREST RATE, SBI, GROWING PDB, EXCANGE RATE RUPIAH-USD, AND INFLATION TOWARDS CHANGE OF CORPORATION OBLIGATION PRICE THAT LISTING ON PT BEI FOR PERIOD 2002-2007
    (Seminar Nasional dan Call For Paper Suitainable Competitive Advantage 3, Universitas Jendral Sudirman, 2013-11-01) Hadian, Niki
    Capital market plays an important role in an economiy. It aimed at establishing a facility for industries and entities to meet their demand for capital and to offer their excess of fund. It is expected that capital market could become a public instrument to support economic development. Bond rating could provide investors with information about the quality and the risk of a bond. The higher the rating the safer the bond is. Changes in bond rating therefore are expected to affect bond price. Beside that macroeconomic indicators such as economic growth, inflation, and foreign exchange could also affect bond price. This study aimed at finding the effect of bond rating changes and indicator of macro economy such as interest rate, economic growth, exchange rate, and inflation rate on the bond price change in Indonesia Stock Exchange market. Multiple Regression analysis is applied to the data of bonds rated by PT. PEFINDO and listed at PT. BEI (BES, in previously) in 2002 to 2007. The results shows that (1) rating change influence the bond price positively and significantly. Therefore, it can be use as a determinant of bond price change in the future, (2) the macroeconomic factors such as interest rate, exchange rate, and inflation rate affect the bond price significantly with negative signs, (3) Economic growth influence bond price negatively. It is shows that, increase in GDP does not effect bond price because Indonesian investors prefer to use their income for consumption rather than saving or investing. The reverse sign of GDP growth might also be resulted from the oil price increase in the observation period. It also shows that bond as an investment instrument is still not well-known to common people
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    THE INFLUENCE OF OWNERSHIP INSIDER AND FREE CASH FLOW ON THE DIVIDEND POLICY (Studies on Manufacturing Corporates Listed on the IDX at 2016 - 2018)
    (Solid State Technology Volume: 63 Issue: 3, 2020) Hadian, Niki; Saudi, Mohd Haizam Mohd; Sinaga, Obsatar
    This study aims to determine the influence of insider ownership and free cash flow companies on dividend policy in manufacturing companies listed on the Indonesia Stock Exchange (IDX) 2016-2018. This research was conducted by the method of documentation using data from the financial statements of manufacturing companies obtained from the website of the Indonesia Stock Exchange. The method of analysis used in this study is multiple linear regression analysis. This study used data manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2016-2018 a total of 25 sample companies. Based on the research results, it shows that the variable that has a significant effect on dividend policy is free cash flow. The greater the free cash flow owned by the company, the greater the dividend payment made in the company. The insider ownership variable does not have a significant effect on dividend policies carried out by manufacturing companies.
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    METAMORPHOSIS OF LEARNING METHODS IN UNIVERSITY (Phenomenological Study on Students of Economics Faculty At Widyatama University of Bandung)
    (Universitas Widyatama, 2014-02-14) Manurung, Daniel T. H.; Gunanta, Remon; Hadian, Niki; Prayitno, Yogo Heru
    The quality of life in a nation is determined by the education. The role of education is very important to create intelligent, peaceful, opened and democratic life. The progress of a nation can only be achieved through the regulation of a good education. Education reform must be always done to improve the quality of national education. The importance of metamorphosis on learning methods in university is to improve the quality of education and to motivate students in learning process. In this study, researchers tried to reveal the problems that occur on learning methods and to find the way how to motivate students of Accounting at Widyatama University of Bandung to learn. This study uses qualitative methods with interpretive paradigm and phenomenological approach to know the effectiveness of learning process and learning methods that can improve non-cognitive skills such as selfesteem, communication skills, interpersonal skills and learning to learn not only for the lecturer but also for the students of accounting at WidyatamaUniversity
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    PENGARUH KEKUATAN BURUH TERHADAP KEBIJAKAN AKUNTANSI YANG DIMODERASI KEPEMILIKAN MANAJERIAL
    (Seminar Nasional, Fakultas Ekonomi , Universitas Kristen Maranatha, 2014-05-22) Hadian, Niki; Utomo, Rochmad Bayu
    The aim of this study is to answer the problem and to test whether: labour power has a negative impact onaccounting policy choices and each of these can be moderated by the influence of managerial ownership.The samples used in this study are manufacturing companies, consist of 112 companies over the years 2007-2009 with purposes of sampling as a sampling method. Hypothesis testing is done using logistic regression. The result of this study was able to prove that labour power had a significant positive impact on accounting policy choices and managerial ownership moderated significantly the positive impact of risk with accounting policy choices.
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    PENGARUH KEKUATAN BURUH TERHADAP METODE PERSEDIAAN
    (Jurnal Ilmiah Akuntansi dan Humanika, Jurusan Akuntansi S1 Universitas Pendidikan Ganesha, Volume 3 Nomor 1, 2013-12) Utomo, Rochmad Bayu; Hadian, Niki
    Tujuan dari penelitian ini adalah untuk menjawah rnasalah dm untuk rnengztji apakah: tenaga kerja memilikr dampak negat~f pa& metode persediaan. Sampel yang digunakan dalarn penelitian ini adalah perusahaan manufabur, terdiri dari 112 perusahaan selama tahun 2007- 2009 dengan tujuan sampling sebagai metode sampling. Uji hipolesis dilahkan dengan rnengpinakan regresi logistik. Hasil penelitian ini mampu mernbuktikan hahja tenaga kerja memiliki dampak positrf yang sign flkan pada metode persediaan.