Browsing by Author "Wijaya, John Henry"
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- ItemANALISIS FAKTOR-FAKTOR YANG BERPENGARUH TERHADAP RETURN SAHAM (Studi pada Kelompok Perusahaan Manufaktur Pertanian yang Terdaftar di Bursa Efek Indonesia)(Jurnal Akuntansi Bisnis & Ekonomi, Fakultas Ekonomi Universitas Widyatama, Vol.3, No.1, 2017-03) Brata, Ignatius Oki Dewa; Wijaya, John Henry; Putra, Ivan Gumilar SambasThe company's ability to generate profits in its operations is the main focus in the assessment of the achievements of companies, because of the profit of the company will be known to the company's ability to fulfill obligations to its investors and is also an important element in the creation of enterprise value which indicates prospects in the future. This study will examine the importance of fundamental analysis so that investors and analysts try to develop the information contained in the financial statements. The information in the financial statements of a company is believed to provide an overview of the current condition of the company as well as to predicting the condition of the company in the future. Because of the financial statements of the company will lead investors reacted to the decline or increase in stock prices. The data used in this research is secondary data from agricultural companies listed on the Indonesian Stock Exchange (BEI). The sampling method used is "purposive sampling". Profitability effect on Beta. The reason is the higher profitability, will minimize the risk of the company. Leverage effect on Beta. The reason is the higher leverage that is owned by the company is concluded under the company is improving Operational Prudoksiksi companies that will lead to increasing the capacity of production of goods produced by the company, so as to improve the profitability of the company.
- ItemANALYSIS OF COMPANY VALUE IN TERMS OF MICROECONOMIC FACTOR ASPECTS OF BUILDING CONSTRUCTION SUBSECTOR COMPANIES LISTED ON THE IDX 2014 – 2019 PERIOD(Solid State Technology Volume: 63 Issue: 3, 2020) Wijaya, John Henry; Saudi, Mohd Haizam; Sinaga, ObsatarThis study aims to determine how company performance is affected by micro-economic variables during the 2014-2019 period in companies that are members of the construction subsector listed on the IDX. This research uses descriptive and verification research methods. Where panel data regression is used for data processing to answer the hypothesis. The results showed that the test model that was formed had passed, as well as the partial test results where the ROE and DER variables had an effect on stock prices.
- ItemANALYSIS OF SOME VARIABLES INFLUENCING POLICIES SUMMARY OF INDUSTRY SECTOR INVESTMENTS IN THE PERIOD 2005-2009(The 3rd International Conference on Quantitative Method Used In Economics And Business, Faculty of Economics, Universitas Malahayati, Bandar Lampung Indonesia, 2010-06-16) Gumilar, Ivan; Wijaya, John HenryInvestments to be undertaken by the company very important role in the improvement of company performance and therefore, in determining the company's investment policy is expected to consider whether the variables that influence it, so hopefully the purpose of holding the investment can be achieved. This study aims to determine the extent of the investment policy variables include profitability, size, growth, DER, DPR, and Ownership structure either simultaneously or partially influence the policy of investment in industrial companies incorporated in various industries during the period 2005-2009. Population there were 49 companies, and the 24 companies included in the sample, but after passing the normality test only six companies. The research method used in this research is descriptive and verification methods. The analytical method used is multiple regression analysis. The test results proved simultaneous investment policy variables affect the investment policy of 79.5%. While partially only firm size variable (size) and DPR variable that significantly, while other variables are profitability, growth, DER, ownership structure does nl)t significantly influence the investment policy.
- ItemANALYSIS OF THE IMPACT OF COVID-19 ON THE PERFORMANCE OF TOURISM SECTOR COMPANIES IN IDX FOR THE PERIOD 2019-2020(Solid State Technology Volume: 63 Issue: 3, 2020) Maharani, Andini Dwi; Febriani, Fira Rizkia; Khorismawati; Fauzia, Novita; Wijaya, John HenryCurrently, the world is experiencing a pandemic that is the outbreak of Corona virus Covid-19. The virus was first discovered in Wuhan, China in late December 2019. The virus spreads very quickly to various regions in China and various countries to take many fatalities. On March 2, 2020, for the first time the government announced two cases of Covid-19 positive patients in Indonesia. During the implementation of Social Distancing communities around the world experienced an economic downturn. Quoted from CNBC Indonesia, the Chief Economist of the International Monetary Fund (IMF) predicts the global economy will shrink 3% this year. The economic impact of the Covid-19 pandemic is quite large on the world economy because the Corona virus has forced various business activities and other activities in many countries to be closed and stopped. This study aims to find out the impact after and before Covid-19 on the performance of tourism sector companies listed in IDX. The method used in this research is Different Test. Different test is a form of variable analysis (data) to find out the difference between two groups of data (variables) or more. The results of this study state that there is a significant influence before and after the announcement of Covid-19 in IDX.
- ItemANALYSIS OF THE IMPACT OF COVID-19 ON THE PERFORMANCE OF TOURISM SECTOR COMPANIES IN IDX FOR THE PERIOD 2019-2020(Solid State Technology, 2020) Maharani, Andini Dwi; Febriani, Fira Rizkia; Khorismawati; Fauzia, Novita; Wijaya, John HenryCurrently, the world is experiencing a pandemic that is the outbreak of Corona virus Covid-19. The virus was first discovered in Wuhan, China in late December 2019. The virus spreads very quickly to various regions in China and various countries to take many fatalities. On March 2, 2020, for the first time the government announced two cases of Covid-19 positive patients in Indonesia. During the implementation of Social Distancing communities around the world experienced an economic downturn. Quoted from CNBC Indonesia, the Chief Economist of the International Monetary Fund (IMF) predicts the global economy will shrink 3% this year. The economic impact of the Covid-19 pandemic is quite large on the world economy because the Corona virus has forced various business activities and other activities in many countries to be closed and stopped. This study aims to find out the impact after and before Covid-19 on the performance of tourism sector companies listed in IDX. The method used in this research is Different Test. Different test is a form of variable analysis (data) to find out the difference between two groups of data (variables) or more. The results of this study state that there is a significant influence before and after the announcement of Covid-19 in IDX.
- ItemCEO REPUTATION AND MARKET REACTIONS IN INDONESIA(International Journal of Psychosocial Rehabilitation, Vol.24, Issue 02, 2020) Utami, Eristy Minda; Wijaya, John Henry; Amaliawati, LiaThis study aims to determine the impact of CEO turnover in companies in the 2011-2017 period on listed companies, this study focused on Abnormal Returns of shares of companies listed on the Stock Exchange which experienced CEO turnover during 2011-2017. This abnormal return change is thought to be stimulated by the CEO turnover announcement. The successor CEO's reputation was also suspected to have affected market reaction. The abnormal return examined here is the average abnormal return and cumulative average abnormal return. Sample withdrawal uses a purposive sampling with a total of 17 companies and Mann Whitney different tests. The results show that investors tend to be negative towards CEO turnover as indicated by abnormal returns which tend to be negative after CEO turnover, besides that there is no difference in performance both before and after the CEO turnover followed by no difference in stock returns.
- ItemEFFECT OF BANK HEALTH LEVEL (USING RGEC METHOD) ON PROFIT GROWTH(International Journal of Psychosocial Rehabilitation, Vol.24, Issue 02, 2020) Wijaya, John Henry; Utami, Eristy Minda; Saudi, Mohd Haizam Mohd
- ItemTHE EFFECT OF DER, ROA, INFLATION ON CORPORATE VALUES AND ITS IMPLICATIONS ON STOCK PRICES (Case Study in Mining Sector Companies Listed in Indonesia Stock Exchange (2014-2018 Period)(International Journal of Psychosocial Rehabilitation, Vol.24, Issue 02, 2020) Hendiarto, R. Susanto; Zulaikha; Yudawisastra, Helin G.; Wijaya, John HenryThe aim of this research is to find out the description and how big the influence of Debt to Equity Ratio (DER), Return on Assets (ROA), Inflation on Company Value and its implications on Stock Prices, on mining sector companies listed on the Indonesia Stock Exchange Period 2008-2017 both simultaneously or partially. This study discusses three variables, namely DER, ROA, inflation as an independent or independent variable, company value as an intervening variable or between, and stock price as a dependent or dependent variable. The method used in this research is descriptive and verification methods with a quantitative approach, so the research method used is descriptive survey method and explanatory survey method. In this research object there is a population frame. The technique taken is purposive sampling technique. Types of data can be grouped into primary data and secondary data. Data collection techniques used are library research (library research) and field research (field research). By using eviews, the results show that DER, ROA, inflation simultaneously influence the value of the company, partially DER has a significant effect on firm value, ROA has no effect and no significant effect on firm value, inflation has no effect and no significant effect on firm value, and value the company has no significant effect on stock prices.Based on this study, companies used as samples are still limited to companies registered in the mining sector so that further research needs to be done by using different research samples in a longer observation period so that it is expected that the results obtained can be generalized.
- ItemEFFECT OF E-FILLING SYSTEM APPLICATION WITH INTERNET UNDERSTANDING OF TAXPAYER COMPLIANCE AS MODERATION VARIABLE IN NORTH KARAWANG NORTH TAX OFFICE(International Journal of Psychosocial Rehabilitation, Vol. 24, Issue 1, 2020) Nadeak, Thomas; Marliani, Sari; Wijaya, John HenryThis study aims to analyze the Effect of Efilling Implementation with internet understanding of Karawang City Taxpayer compliance. The sample used in this study were 100 respondents. This questionnaire was tested with a validity test, a reliability test. The classic test used was the Normality Test, Multi-collinearity Test, Linearity Test. Hypothesis Test using Multiple Linear Regression, T Test, F Test From the research results above the application of the E-filling system 0.520> 0.05 does not significantly influence partially on internet understanding. Taxpayer Compliance 0.025 <0.05 simultaneously influences the internet understanding.
- ItemTHE EFFECT OF LEVERAGE AND GOOD CORPORATE GOVERNANCE ON PROFITABILITY IN BANKING COMPANIES LISTED IN INDONESIA STOCK EXCHANGE IN THE 2014-2016 PERIOD(Journal of Advanced Research in Dynamical & Control Systems, Vol. 11, 03-Special Issue, 2019) Wijaya, John Henry; Saudi, Mohd Haizam Mohd; Sinaga, ObsatarThis research aims to find out whether partially or jointly leverage and good corporate governance has an impact on the profitability of the banking company registered in BEI 2014-2016 period. The factor that was tested in this study is the debt to total assets ratio (DAR), debt to equity ratio (DER) and the composite value of GCG as an independent variable. While the net profit margin (NPM) as the dependent variable. Research methods used in this research is descriptive statistical methods. The sample in this research is as much as 29 banking company. Sample selection technique using a purposive sampling. Whereas the methods of analysis used is regression analysis of the data panel on the significance level of 5 %. The program used in analysing the data using Eviews 9. The result showed that partially also together DAR, DER, a composite value of GCG to NPM.
- ItemTHE EFFECT OF NET PROFIT MARGIN AND DEBT TO ASSET RATIO ON FINANCIAL DISTRESS (Study on Property, Real Estate and Building Construction Companies Listed on Indonesia Stock Exchange (IDX) Period 2015 – 2019)(Solid State Technology Volume: 63 Issue: 4, 2020) Wilianti, Syinthia Andora; Fitrihanny, Indah Liska; Wijaya, John Henry; Rusadi, Nandita Fasya; Ruslandi, Khansa NamiraFinancial distress is a condition of a company's inability to pay its financial obligations at maturity which causes bankruptcy. The purpose of this study is to have an effect on Net Profit Margin and Debt to Asset Ratio on financial distress in property, real estate and building construction companies listed on the Indonesia Stock Exchange in 2015 - 2019. The type of research used is correlation. The data taken for this research is secondary data. The research method used in this research is quantitative research methods. The population of this research is property, real estate, and building construction companies listed on the Indonesia Stock Exchange in 2015 - 2019 which are planned for 94 companies. The samples used in this study were 77 samples. The results of this study indicate that the Net Profit Margin and Debt to Asset Ratio have an effect on Financial Distress.
- ItemTHE EFFECT OF NET PROFIT MARGIN AND DEBT TO ASSET RATIO ON FINANCIAL DISTRESS (STUDY ON PROPERTY, REAL ESTATE AND BUILDING CONSTRUCTION COMPANIES LISTED ON INDONESIA STOCK EXCHANGE (IDX) PERIOD 2015 – 2019)(Solid State Technology, 2020) Wilianti, Syinthia Andora; Fitrihanny, Indah Liska; Wijaya, John Henry; Rusadi, Nandita Fasya; Ruslandi, Khansa NamiraFinancial distress is a condition of a company's inability to pay its financial obligations at maturity which causes bankruptcy. The purpose of this study is to have an effect on Net Profit Margin and Debt to Asset Ratio on financial distress in property, real estate and building construction companies listed on the Indonesia Stock Exchange in 2015 - 2019. The type of research used is correlation. The data taken for this research is secondary data. The research method used in this research is quantitative research methods. The population of this research is property, real estate, and building construction companies listed on the Indonesia Stock Exchange in 2015 - 2019 which are planned for 94 companies. The samples used in this study were 77 samples. The results of this study indicate that the Net Profit Margin and Debt to Asset Ratio have an effect on Financial Distress.
- ItemIMPLEMENTASI ANALISIS KINERJA PORTOFOLIO SAHAM DENGAN METODE SHARPE, TREMVOR DAN JENSEN (Studi Kasus Saham Perusahaan Manufaktur 2014)(Jurnal Bisnis, Manajemen dan Ekonomi, Fakultas Bisnis dan Manajemen, Universitas Widyatama, Volume 14 Nomor 1, 2015-05) Wijaya, John HenryPenelitian ini bertujuan untuk mengetahui bagaimana penerapan metode dalam mengevaluasi kine rja portofolio yang terdiri atas tiga metode yaitu metode Sharpe, Jensen, dan Treynor. Data yang dipergunakan pada penelitian ini adalah laporan keuangan tahunan perusahaan pada sektor manufaktur periode 2014. Analisis data yang digunakan dalam melakukan penelitian ini adalah metode analisis data kuantitatif, yaitu analisis data dengan menggunakan data berupa angka-angka. Data tersebut diperoleh dari nilai harga saham bulanan perusahaan sampel terpilih. Alat analisis data yang digunakan dalam penelitian ini adalah Metode Indeks' Tunggal. Dalam hasil penelitian ini diternukan bahwa untuk membentuk portofolio dengan lima kine rja terbaik pornfolio perusahaan yang sebaiknya dipilih oleh investor adalah PT Gudang Garam, Tbk (GGRM), PT Delta Djakarta, Tbk (DLTA), PT HM Sampoema, Tbk (HMSP), PT Multi Bintang Indonesia, Tbk (MLBI) dan PT Unilever Indonesia, TBK (UNVR).
- ItemIMPLEMENTASI CAPITAL ASSET PRICING MODEL (CAPM) DALAM PENENTUAN SAHAM EFISIEN : STUDI PADA BANK BCA, BRI, DAN BNI PERIODE 2012-2013(SMART (Study & Management Research),LPPM STIE STEMBI -Bandung Business School, Vol. XI,, No. 3, 2014-11) Wijaya, John HenryPenelitian ini dimaksudkan untuk memilih saham efisen dengan menggunakan pendekatan Capital Asset Pricing Model (CAPM), sehingga investor dapat mengambil keputusan investasi yang tepat Objek penelitian ini dilakukan pada saham sektor perbankan tahun 2012-2013. Sampel yang digunakan berdasarkan perusahaan perbankan pada MNC36. Metode yang digunakan di dalam melaksanakan penelitian ini adalah dengan metode deskripti' Berdasarkan hasil penelitian dan analisisyang telah dilakukan, dapat diketahui bahwa dari 3 saham perusahaan sektor perbankan yang dijadikan sebagai sampel penelitian, terdapat 2 saham perusahaan (BBCA dan BBRI) yang masuk dalam kelompok saham efisen disebabkan tingkat pengembalian saham tersebut lebih besar dari tingkat pengembalian yang diharapkan, sehingga keputusan yang harus diambil oleh investor adalah membeli saham tersebut sebelum Aarganya undeivalue. Sementam saham perusahaan BBNI dikatakan tidak efisien karena memiliki tingkat pengembalian saham Iebih kecil dari tingkat pengembalian yang diharapkan, sehingga keputusan yang harus diambil oieh investor adalah menjual saham tersebut sebelum overvalue.
- ItemTHE INFLUENCE OF THE LEVEL OF EDUCATION AND TEACHING EXPERIENCE ON LECTURERS’ TEACHING PERFORMANCE(Widyatama International Seminar, 2014-02-14) Utami, Eristy Minda; Wijaya, John HenryFormal education is broadly taken as a cutting edge investment that can increase workforce’s productivity; therefore, the role of qualified lecturers is indispensable in providing a steady flow of experts and professionals in each specific field. University teaching and administrative staff are an important aspect of a university that has to be constantly upgraded in order to ensure the quality of its graduates who in turn can perform better in their work. The purpose of this research is to analyze the influence of education level and teaching experience both partially and simultaneously on the teaching process effectiveness at Widyatama University.The research uses primary data obtained through interviews and questionnaires from 100 repondents, and secondary data from related sources for each units and also literatures. The result shows that there is a significant influence between a lecturer’s education level and experience and his or her teaching effectiveness partially and simultaneously, whereas both education and experience give positive influence of the effectiveness of teaching process.
- ItemKOINTEGRASI BURSA SAHAM NEGARA MAJU DAN NEGARA BERKEMBANG PERIODE 2014 –2017(Seminar Nasional Akuntansi dan Bisnis (SNAB), Fakultas Ekonomi Universitas Widyatama, 2017-07-20) Wijaya, John HenryPenelitian ini dilakukan untuk mengetahui sejauh mana hubungan jangka panjang (kointegrasi) antara bursa saham negara maju dan negara berkembang. Dimana negara maju yang dijadikan sampel adalah Jepang, Jerman dan Perancis, sementara Indonesia dijadikan sampel untuk negara berkembang. Analisis data yang digunakan adalah uji statistika deskriptif, uji korelasi, uji akar unit dan uji kointegrasi. Hasil penelitian menunjukan bahwa bursa saham Indonesia terintegrasi dengan bursa saham negara Jepang, Jerman dan Perancis, tetapi ketika dilakukan uji kointegrasi antar satuan negara maju dengan Indonesia didapatkan hasil yang sebaliknya.
- ItemMACROECONOMIC 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 HenryThe 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.
- ItemPENGARUH KEPUTUSAN KEUANGAN TERHADAP NILAI PERUSAHAAN BERDASARKAN STRATA STRUKTUR KEPEMILIKAN (Studi Pada Industri Manufaktur Periode 1994-2003)(Departemen Manajemen Fakultas Ekonomi dan Manajemen IPB, 2006-09-16) Haruman, Tendi; Komariah, Siti; Wijaya, John HenryManajemen perusahaan melalui peran Chief Financial Officer mempunyai tujuan untuk meningkatkan nilai perusahaan. Hal ini dicapai melalui implementasi keputusan keuangan yang terdiri dari financing decision, investment decision dan dividend policy. Penelitian ini menjelaskan pengaruh keputusan keuangan tersebut terhadap nilai perusahaan pada berbagai strata struktur kepemilikan. Struktur kepemilikan dalam penelitian ini dibagi menjadi dua strata, yaitu dominan (lebih besar dari 25%) dan moderat (5%-25%). Penelitian ini mengambil objek perusahaan industri manufaktur, dim ana industri ini merupakan emiten yang paling dominan yang tercatat di PT. Bursa Efek Jakarta,. Adapun metode penelitian yang digunakan adalah metode ex post facto, sedangkan metode analisis yang digunakan adalah metode Regresi Linier Berganda. Dari hasil penelitian diketahui bahwa pada strata kepemilikan dominan, keputusan keuangan berpengaruh signifikan terhadap nilai perusahaan. Sedangkan pada strata kepemilikan moderat, keputusan keuangan tidak berpengaruh terhadap nilai perusahaan. Berdasarkan temuan ini disarankan bahwa emiten sebaiknya melepas kepemilikan saham lebih dari 25% agar pasar merespon positifsehingga nilai perusahaan meningkat.
- ItemPENGARUH MANAJEMEN MODAL KERJA DAN KEBIJAKANNYA TERHADAP PROFITABILITAS PERUSAHAAN (Studi Kasus Pada Perusahaan Sektor Aneka Industri Periode 2012-2014)(Conference on Management and Behavioral Studies (CMBS) , Program Studi S1 Manajemen Bisnis Fakultas Ekonomi Universitas Tarumanagara, 2015-10-29) Wijaya, John Henry; Salman, Raden Jodie KaulikaPenelitian ini bertujuan untuk mengetahui pengaruh manajemen modal kerja dan kebijakannya terhadap profitabilitas perusahaan. Penelitian ini menggunakan investment policydan financing policy sebagai variabel independennya dan return on asset sebagai variabel dependennya. Data yang dipergunakan pada penelitian ini ialah laporan keuangan tahunan perusahaan pada sektor aneka industri periode 2012- 2014secara kuantitatif dan kualitatif. Sesuai dengan karakteristik data variabel penelitian yang merupakan gabungan data cross section dan time series, maka penelitian menggunakan regresi data panel.Dalam hasi lpenelitian ini ditemukan bahwa variabel investment policy dan financing policy memiliki pengaruh secara simultan terhadap ROA. Financing policy berpengaruh negatif terhadap ROA sedangkan investment policy berpengaruh positif terhadap ROA meskipun secara uji hipotesis hanya financing policy yang berpengaruh secara parsial terhadap ROA.
- ItemPENURUNAN KINERJA PERUSAHAAN PENGARUHNYA TERHADAP HARGA SAHAM PADA PT TRIKOMSEL OKE TBK DAN PT INDOFARMA TBK(Conference on Management and Behavioral Studies (CMBS) 2014, Program Studi S-1 Manajemen Bisnis Fakultas Ekonomi Universitas Tarumanagara, 2014-10-29) Wijaya, John HenryThis study aims to determine the extent of the effect of a decrease in the share price performance of the company, which a number of factors downgrades consideration is the high working capital requirements and capital structure is considered aggressive. In addition, fierce competition requires extra work. This research is causal-asymmetric, because it aims to clarify the causal relationship between variables through hypothesis testing. In this study, the relationship between the variables used is an asymmetrical relationship in which the relationship occurs when the independent variables affect the dependent variable. The unit of analysis in this study is the stock price of a company registered in the PT. PEFINDO. The results of two studies in which the independent variables (ROA and NPM) has a significance value above 0,05 so that the two independent variables partially have no effect on stock prices, in addition to the variables ROA and NPM together (simultaneously) does not affect the stock price variable.