Widyatama University :: Browsing by Author "Hertina, Dede"

Browsing by Author "Hertina, Dede"

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CAPITAL MARKET REACTION TO THE IMPLEMENTATION OF PSBB IN THE MIDDLE OF PANDEMIC COVID 19
(Solid State Technology, 2020) Hertina, Dede; Fadhila, Yolla; Maulida, Prima Noor; Satriani, Gilby; Aprilia, Namira; Ventresca; Saudi, Mohd Haizam; Sinaga, Obsatar
This research is an event study research that aims to determine differences by analyzing the market reaction represented by the average abnormal stock returns that occurred in the period before, during, and after the implementation of the PSBB policy in the mids of the COVID 19 pandemic by the Indonesian government. This study uses secondary data in the form of daily stock activity data from before to after the implementation of the PSBB policy by the government. The sample selection method in the study used saturated sampling where there were 33 sample companies with a 21-day observation period. Data analysis was performed using the paired sample t-test parametric statistical test. The results showed that there was no significant difference in the average abnormal return in the before- time and beforeafter periods. However, in the period after which the results of the study prove that there is a significant difference in the average abnormal return.
CAPITAL MARKET REACTION TO THE IMPLEMENTATION OF PSBB IN THE MIDDLE OF PANDEMIC COVID 19
(Solid State Technology Volume: 63 Issue: 4, 2020) Hertina, Dede; Fadhila, Yolla; Maulida, Prima Noor; Satriani, Gilby; Aprilia, Namira; Ventresca, M; Saudi, Mohd Haizam Mohd; Sinaga, Obsatar
This research is an event study research that aims to determine differences by analyzing the market reaction represented by the average abnormal stock returns that occurred in the period before, during, and after the implementation of the PSBB policy in the mids of the COVID 19 pandemic by the Indonesian government. This study uses secondary data in the form of daily stock activity data from before to after the implementation of the PSBB policy by the government. The sample selection method in the study used saturated sampling where there were 33 sample companies with a 21-day observation period. Data analysis was performed using the paired sample t-test parametric statistical test. The results showed that there was no significant difference in the average abnormal return in the before- time and beforeafter periods. However, in the period after which the results of the study prove that there is a significant difference in the average abnormal return.
COMPANY PERFORMANCE IMPACT OF CAPITAL STRUCTURE, PROFITABILITY AND COMPANY SIZE
(Solid State Technology Volume: 63 Issue: 4, 2020) Hertina, Dede; Damayanti, Carissa Novia; Hadiyusuf, Fajar
This study aims to determine the effect of capital structure, profitability, company size on the performance of the cigarette sub-sector companies listed on the IDX for the 2014-2018 period. This research uses descriptive and verification methods with regression analysis tools and the coefficient of determination. The results of the analysis of the coefficient of determination state that there is a strong and unidirectional relationship between the independent variable and the dependent variable and has a determination coefficient value of 47.91%. The results of testing the F test hypothesis indicate that the capital structure, profitability and company size simultaneously have a significant effect on company performance. Hypothesis testing using t test shows that the capital structure has no significant effect on company performance, profitability has a significant effect on company performance and company size has a significant effect on company performance.
DOES FINANCIAL DISTRESS USING ALTMAN Z-SCORE CAPITAL AFFECT STOCK PRICE?
(International Journal of Psychosocial Rehabilitation, Vol.24, Issue 02, 2020) Ichsani, Sakina; Widajatun, Vincentia Wahju; Hertina, Dede
Changes in stock prices that occur in the capital market can be influenced by various factors from internal factors and external factors. The failure of the company can be seen from financial conditions that are not good and the company's stock price that continues to fall or experience stagnation. This condition if it is not immediately addressed by the company, the company may be able to experience the condition of bankruptcy or financial distress. The purpose of this study is to determine the effect of the Altman Z-Score ratio which consists of working capital to total assets, retained earnings to total assets, earnings before interest and tax to total assets, market value to book value of debt and sales to total assets to stock prices. The results of the study show that simultaneously the variables forming the Altman Z-Score affect the stock price by 30.83%. While partially only variables sales to total assets that have no influence on stock prices. The suggestion of this study is that companies and potential investors always pay attention to the financial performance of textile and garment companies, while the suggestion to other researchers is to use other financial distress models which affected stock price.
EFFECT OF CURRENT RATIO, DEBT TO EQUITY RATIO AND TOTAL ASSET TURNOVER ON PROFIT GROWTH IN PHARMACEUTICAL SUB SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FOR THE 2014-2018 PERIOD
(International Journal of Solid State Technology Volume: 63 Issue: 4, 2020) Hertina, Dede; Sutarman, Deden; Verdyansyah
This study aims to determine the effect of Current Ratio, Debt to Equity Ratio, and Total Assets Turnover on profit growth. The method used in this research is descriptive and verification with a quantitative approach. The population in this study was the pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange for the period 2014-2018 using a purposive sampling technique. There were 8 companies as a sample. The results showed that Current Ratio, Debt to Equity Ratio and Total Assets Turnover had a significant effect on profit growth. The results of the study partially show that the Debt to Equity Ratio has an effect on profit growth, while the Current Ratio and Total Assets Turnover have no effect on Profit Growth.
EFFECTIVENESS OF WORK TRAINING IMPLEMENTATION THAT IMPACT TO IMPROVING PERFORMANCE OF EMPLOYEES
(International Journal of Psychosocial Rehabilitation, Vol. 24, Issue 2, 2020) Budi Santoso, Anton; Oktafien, Shinta; Hertina, Dede
This study aims to analyze and measure to what extent the influence of job training on employee performance in the Environmental Department of Majalengka Regency. The population in this study is the total number of employees who work in the Department of the Environment of Majalengka Regency with a total of 72 people. Meanwhile, for the number of research samples taken in this study as many as 61 respondents with a sampling technique used in the form of cluster random sampling. For the research method used in this study is a survey research method for which data processing and analysis techniques are used in the form of simple regression analysis. The results of his research indicate that job training has a significant effect on employee performance in the Environmental Department of Majalengka Regency. Thus, it is said that the more effective job training that is held at an organization or company, the higher the work results that can be shown by the employees that are included in connection with increasingly increasing the work ability of employees at work.
THE EFFECTS OF PERSONALITY AND SOCIAL COMPETENCE OF TEACHER PERFORMANCE AND ACHIEVEMENT ISLAMIC RELIGIOUS EDUCATION: A STUDY OF CLASS XI SMA KORPRI KARAWANG
(International Journal of Psychosocial Rehabilitation, Vol. 24, Issue 1, 2020) Isyanto, Puji; Tuhagana, Aji; Hertina, Dede
Efforts to improve the quality of student achievement is highly dependent on the competence of teachers who formed professionalism. Among the components of the competence it is personal competence and social competence. In this study focused on a secondary school teacher, both of these competencies is an exogenous latent variables which proved a positive effect on endogenous latent variable teacher performance. From the data processing is also obtained, that a number of indicators ranked at the top in contributing to the exogenous variables studied. The order of ranking indicators in personal competence, leadership, work ethic, self development and achievement orientation; rank order indicators in social competence is komunikastif, objective, non-discriminatory, and authority. The results of these studies should receive attention, consideration and further elaboration by the parties with respect to the process of establishing and improving the competence of teachers, both in the administration PLPG, PPG In the office, PPG Prajabatan, education and teacher training in LPTK.
ISLAMIC BANKING IN KUWAIT : THEORIES, PRACTICES AND INSIGHTS
(International Conference on Islamic Economics Management Accounting Business and Social Sciences (ICIEMABS)I, Fakultas Ekonomi dan Bisnis Universitas Padjajaran, STIE Ibnu Sina, APTISI, 2016-08-10) Hertina, Dede
The broad aim of this paper is to introduce knowledge of Islamic banking theories and practices to banking financeand practitioners in Kuwait, as well as draw some useful insights on Islamic banking in Kuwait. Prohibition of interest, low consumer lending, profit and loss sharing and high real sector investing are primary characteristics of Islamic banks. Islamic banks operate the three conventional deposit accounts. They also engage in investment financing, trade financing, lending, and other financial services. Differences between Islamic and conventional banks lie in prohibition of interest, emphasis on Islamic principles of morality, emphasis on collateral, certainty of deposits and returns, liquidity risk and solvency risk; while similarities between Islamic and conventional banks lie in profit-making objective and nature of banking services. Though there is a dearth of Islamic banks in Kuwait, Islamic banking has become a fast growing concept. The emergence of full-fledged Islamic banks in Kuwait should be expected in the near future.
MACROECONOMIC AND GLOBAL COMPOSITE INDEXES THAT AFFECT JCI PERFORMANCE
(International Journal of Psychosocial Rehabilitation, Vol.24, Issue 02, 2020) Ichsani, Sakina; Hertina, Dede; Yudawisastra, Helin G.; Wijaya, John Henry
The purpose of this study is to determine the effect of macroeconomic and global composite index to the performance of Indonesia Stock Index (JCI) for the period 2018-2019 using monthly observation period. The research method used is verification analysis. In this study, the dependent variable is the JCI performance while the independent variable consists of macroeconomic elements, such as inflation, exchange rates, Bank Indonesia (BI) interest rates, and the money supply (M2) and also global composite index consisting of Dow Jones index and Shanghai Composite Index (SSEC). Data used is secondary data, published by Bank Indonesia and financial reports that reported to the Indonesia Stock Exchange. The population in this study is macroeconomic conditions in Indonesia and in the global composite period in January 2018-September 2019 that consisting 147 data. The results showed that simultaneously inflation, exchange rate, BI rate, M2, Dow Jones Index and SSEC had a significant effect to JCI with as much influence 72.63%. The results of this study also showed that partially exchange rates, M2 and SSEC affect JCI; while inflation, the BI rate and Dow Jones have no effect on JCI. Suggestions for this research are that the government and investors always pay attention to macroeconomic conditions in Indonesia and always monitor economic conditions in the world. Suggestions for other researchers are to increase the time period of the study and to add other macroeconomic variables and global composite index.
MACROECONOMIC EFFECT TO STOCK RETURNS IN PROPERTY AND REAL ESTATE COMPANIES
(Journal of Advanced Research in Dynamical & Control Systems, Vol. 11, 03-Special Issue, 2019) Ichsani, Sakina; Widajatun, Vincentia Wahju; Puspitasari, Devy Mawarnie; Hertina, Dede
The purpose of this study was to determine the effect of macroeconomic variables using inflation, exchange rates, BI Rate, GDP and economic growth on stock returns in the property and real estate sector listed on the IDX for the period 2013-2017. The method used purposive sampling so that the sample of this study is 27 companies. The research method in this study uses quantitative methods with analysis using regression analysis methods and data processed using eviews10. The results of the study show that there is a simultaneous influence between inflation, exchange rates, BI Rate, GDP and economic growth on stock returns. While partially, the BI rate and GDP have a significant positive effect on stock returns. Suggestion of research is for the next researcher can use the company in other industries as a comparison material and or can add research variables that influence stock returns. As for investors, if they are going to invest in property and real estate sectors, investors should pay attention to the macroeconomic conditions that affect stocks. The suggestion for the government is that the government always controls macroeconomic variables because this affects stock returns.
PROFITABILITY: IMPACT OF INSTITUTIONAL OWNERSHIP, MANAGERIAL OWNERSHIP AND CAPITAL STRUCTURE IN THE AGRICULTURAL SECTOR IN INDONESIA
(International Journal of Psychosocial Rehabilitation, Vol. 24, Issue 2, 2020) Hertina, Dede; Mawarnie, Devy; Ichsani, Sakina
This research was conducted to examine the effect of institutional ownership, managerial ownership and capital structure on profitability in the agricultural sector listed on the Indonesia Stock Exchange for the period 2013-2017. The research population is in agricultural companies listed on the Indonesia Stock Exchange in the period 2013-2017. The sample selection uses a purposive sampling method and there are 10 companies that fit the sample criteria. Data analysis method uses panel data with the results of partial hypothesis testing showing that institutional ownership does not affect profitability with a probability level of 0.3423. Managerial ownership influences profitability with a probability level of 0.0489. Capital structure has a negative and significant effect on profitability with a probability level of 0.0002. The use of a large debt will reduce the profit generated by the company, because of the amount of interest that must be paid by the company for the company's debt.
RETURN ON ASSET, NET PROFIT MARGIN AND EARNING PER SHARE THE IMPACT ON STOCK EXPECTED RETURN
(Jour of Adv Research in Dynamical & Control Systems, Vol. 11, 03-Special Issue, 2019) Hertina, Dede; Hidayat, Mohamad Bayu Herdiawan
Purpose: The study aims to investigate the analyze of financial performance of companies influence this focus on Return On Asset, Net Profit Margin, Earning Per Share of the return on company stock in pharmacy sector period 2012 - 2016 by manufacture’s company. Methodology: The Analysis method used in this research that is with panel data regression, hypothesis test that is classic assumption test, test F and test T with E Views 8. Findings: This research is simultaneous significant effect among return on asset, net Profit Margin, Earning Per Share to stock returns expected. And only net profit margin that has no effect on stock return expected, return on asset and earning per share significant effect on stock return expected. Practical implications: Research can be used references for other researchers who will raise the same theme but from different angles. Originality: This is the first study on Return on Assets, Net Profit Margin and Earning per Share against Expected Profit Shares in pharmaceutical industry companies.
SHARE PRICE IMPACT OF SALES GROWTH, ASSET STRUCTURE, COMPANY SIZE AND CASH FLOW STABILITY
(Solid State Technology Volume: 63 Issue: 4, 2020) Hertina, Dede; Priyatna, Eka; Dwiartha, Tian
This study aims to determine the impact of share prices from sales growth, asset structure, company size and cash flow stability in manufacturing companies in the basic industry and chemical sub-sectors listed on the Indonesia Stock Exchange for the period 2014-2018. Sales growth variable is measured using sales, Asset Structure variable is measured using total assets, company size variable is measured using the logarithm of total asset nature and stability. Cash flow is measured using net income. This study uses secondary data with a sample of 42 companies selected using purposive sampling method. The results showed that sales growth, asset structure and cash flow stability had no effect on stock prices, while firm size had a significant effect on stock prices.
SHARE PRICE INDEX IMPACT OF INFLATION, BI RATE, EXCHANGE, TOTAL CURRENCY, DOW JONES INDEX AND NIKKEI 225 INDEX
(International Journal of Solid State Technology Volume: 63 Issue: 4, 2020) Hertina, Dede; Hartatik, Sri; Bachtiar, Raden Arief
This study aims to determine the effect of inflation, BI rate, exchange rate, money number, Dow Jones index and Nikkei 225 index on the stock index. The data analysis technique used multiple regression analysis. This study uses a quantitative descriptive method with the object of research on telecommunications companies engaged in sectors listed on the IDX in 2009- 2019. The sample selection method used purposive sampling technique. The results of the research simultaneously state that inflation, BI rate, exchange rate, money supply, Dow Jones index and Nikkei 225 index have a significant effect on the stock price index, while partially inflation, exchange rate, money supply, Dow Jones index, and The Nikkei 225 index has a significant effect on the stock price index in telecommunications subsector companies and the BI rate does not have a significant effect on the stock price index in the period telecommunications sub-sector companies listed on the IDX for the 2009-2019 period.
SHARPE, TREYNOR AND JENSEN METHODS IN DOING STOCK PORTFOLIO PERFORMANCE ANALYSIS
(Review of International Geographical Education, 11(5), Spring, 2021) Hertina, Dede; Destriani, Nada; Naufal, Muhammad Daffa; Dauliah, Riva Desilva; Sinaga, Dewi Sisca; Nursapriti, Ayu Wardani; Saudi, Mohd Haizam
This study aims to determine the performance of stock portfolios in the Property Industry, Real Estate and Building Construction sectors listed on the IDX for the period 2015 - 2019 using the Sharpe, Treynor and Jensen methods. The research method uses a comparative descriptive method. The population in this study were 91 companies. The sample selection technique used purposive sampling method and obtained a sample of 50 companies. The calculation of stock portfolio performance in this study uses a different test using One Way of Variance by Rank with Kruskal-Wallis. The results showed that there were significant differences in stock performance between the Sharpe, Treynor and Jensen methods. Another test by looking at the difference in the three mean ranks, the Treynor method is the one that shows the most consistency, because Treynor has the lowest mean rank difference compared to using the Sharpe and Jensen methods.
SHARPE, TREYNOR AND JENSEN METHODS IN DOING STOCK PORTFOLIO PERFORMANCE ANALYSIS
(WIBEST-II, 2021) Hertina, Dede; Destriani, Nada; Naufal, Muhammad Daffa; Dauliah, Riva Desilva; Sinaga, Dewi Sisca; Nursapriti, Ayu Wardani; Saudi, Mohd Haizam
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STOCK PRICE IMPACT OF LIQUIDITY, SOLVENCY, AND PROFITABILITY
(WIBEST-II, 2021) Hertina, Dede; Verawati, Dyah Adi; Permatasari, Dahlia Dyah; Betari, Annisa Tri; Oktavia, Siska Nur; Fauzan, Muhammad Farhan; Sinaga, Obsatar
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STOCK PRICE IMPACT OF NON-PERFORMING LOANS, RETURN ON ASSETS AND EARNING PER SHARE
(International Journal of Psychosocial Rehabilitation, Vol. 24, Issue 2, 2020) Hertina, Dede; Hidayat, Mohamad Bayu Herdiawan; Deningtyas, Fika
This study aims to determine the effect of Non-Performing Loans, Return On Assets, Earning Per Share on Stock Prices in the Banking sector listed on the Indonesia Stock Exchange in the period 2013-2017. The research method used is descriptive and verification methods. The population of this study amounted to 43 banks, while the study sample used the purposive sampling technique of 31 banks. Data analysis using panel data regression analysis. The results of the study simultaneously showed that Non-Performing Loans, Return On Assets, Earning Per Share affect the Stock Price. The research results partially show that Return On Assets have a positive effect on Stock Prices, while Non-Performing Loans and Earning Per Share are not significant on Stock Prices
STOCK RETURNS IMPACT OF ECONOMIC VALUE ADDED AND MARKET VALUE ADDED
(International Journal of Solid State Technology Volume: 63 Issue: 5, 2020) Hertina, Dede; Priyatna, Eka; Dwiartha, Tian
This study aims to determine the impact of Economic Value Added and Market Value Added on Stock Returns. This study used a purposive sampling technique and obtained a sample of 15 companies in the property and real estate sector which are listed on the Indonesia Stock Exchange for the 2016-2019 period. The analysis technique used in this research is multiple linear regression. Based on the results of the F test, it was found that Economic Value Added and Market Value Added on stock returns did not have a significant effect on stock returns, as evidenced by Fcount (2.197) < Ftable (3.24) with a significance of 0.125> 0.05, while the t test results stated that Economic Value Added did not significant effect on stock returns, this is evident from the value of tcount 1.995 < 2.023 t table with a significance level of 0.053 ≥ α = 0.05, the results of MVA have no significant effect on stock returns, it is proven that the value of tcount 0.735 < 2.023 t table with a significance level of 0.46 > α = 0.05.

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