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ANALISIS FAKTOR INTERNAL PERUSAHAAN DAN AGENCY COST TERHADAP FINANCIAL DISTRESS PADA PERUSAHAAN RITEL Erna Apriani
Valuasi : Jurnal Ilmiah Ilmu Manajemen dan Kewirausahaan Vol. 2 No. 2 (2022): Jurnal Valuasi : Jurnal Ilmiah Ilmu Manajemen dan Kewirausahaan
Publisher : LP2M Universitas Bina Bangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46306/vls.v2i2.112

Abstract

This study aims to examine the effect of financial ratios of profitability, liquidity, leverage and agency costs on financial distress. The financial ratios tested are profitability, liquidity, leverage, and agency cost ratios. This type of research is casuality research and the data used is secondary data, the population of this study is retail companies listed on the IDX for the 2018-2020 period, the sampling technique was carried out with purposive sampling techniques, based on the criteria obtained a sample of 13 companies, the data analysis used in this study used binary logistic regression. Based on the results of the research conducted, it shows the results of the profitability ratio of the liquidity ratio, the leverage ratio which has no effect on the possibility of financial distress, and agenct costs affecting the positive direction of the possibility of financial distress. Limitations in this study.  First, the study was conducted only on retail companies. Second, this study only focuses on financial factors that can affect financial distress.  Third, the research period is only from 2018-2020. These four studies are only focused on research variables. This research contribution can be used as a reference for companies or individuals to analyze the possibility of financial distress, and for academics it can be used as a repression for continuous research
Determinan Peringkat Obligasi Korporasi Erna Apriani; Indra Permana
SEIKO : Journal of Management & Business Vol 5, No 2 (2022): July - December
Publisher : Program Pascasarjana STIE Amkop Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37531/sejaman.v5i2.2669

Abstract

Bonds are one of the company's instruments for obtaining income without going through banks and financial institutions. In 2020, at the beginning of the emergence of the covid-19 pandemic in Indonesia, the issuance of bonds scored a record high for the last five years. This shows that corporations are trying to raise funding through debt securities. During the pandemic, many countries went into lockdown. Of course, this affected corporations whose sales were more than 50% of exports; from this description, the researchers chose mining sector corporations listed on the IDX to analyze how big and influential they are 1). Profitability to bond ratings, 2). Leverage on bond ratings, 3). Coupons against bond ratings, 4). Maturity to bond rating. The method in this study includes the type of applied causality with the type of quantitative analysis that is analytic, the population in this study is the mining sector corporate bonds which are still traded in 2020-2021, with a sample of 45 corporate bonds from 5 mining sector issuing companies, the analytical technique used is ordinal logistic regression, using SPSS 25 analysis tool. The study results conclude that leverage (DER) harms bond ratings, while profitability (ROA), coupons, and maturity do not affect bond ratings. Keywords : Profitability, Leverage, Coupon, Maturity, Bond Rating
Literasi Investasi Digital pada Pasar Modal Indonesia di Lingkungan Desa Tambaksari Abdul Latif; Erna Apriani; Zulfa Zakiatul Hidayah; Wiyarno
Majalah Ilmiah UPI YPTK Vol. 29 (2022) No. 2
Publisher : Universitas Putra Indonesia YPTK Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35134/jmi.v29i2.129

Abstract

Pertumbuhan ekonomi suatu negara dapat dilihat dari perkembangan pasar modal negara itu sendiri. Indonesia memiliki potensi untuk menjadi negara besar dalam tahap negara berkembang saat ini, namun disayangkan perkembangan pasar modal Indonesia masih relatif rendah dibanding negara lainya. Rendahnya literasi dan inklusi pada pasar modal menjadi salah satu faktor penyebabnya. Kegiatan pengabdian ini bertujuan untuk memberikan pemahaman, wawasan, dan segala hal terkait pasar modal Indonesia serta hal-hal yang harus diantisipasi dan dipersiapkan dalam transaksaksi di pasar modal. Di zaman yang serba digital tentu pasar modal adalah salah satu instrumen investasi yang cukup lama ditransaksikan secara digital, serta diskusi dan evaluasi bersama dengan kepala desa takabaksari yang dilatarbekangi dengan kebutuhan pada lingkungan mitra pengabdian yang sangat antusias ingin mengetahui dan memahami hal-hal terkait pasar modal. Dengan demikian tema pengabdian terkait pasar pasar modal adalah permintaan mitra mengabdian guna menambah literasi yang emang sudah ada cukup lama namun tidak dibarengi edukasi serta penyuluhan secara optimal. Populasi dalam pengabdian ini ialah perangkat dan jajaran desa Tambaksari seperti ketua rukun tetangga (RT) dan ketua rukun warga (RW) serta jajaran yang terlibat dalam pengurusan desa tambaksari. Setelah diselenggarakan pengabdian dengan tema pasar modal Indonesia diharapkan wawasan peserta pengabdian dapat bertambah dan dapat merubah cara berinvestasi dari metode lama ke metode digitalisasi yang lebih efesiensi.
Efektivitas Digitalisasi Terhadap Keputusan Pembelian Online Wiyarno Wiyarno; Erna Apriani; Indra Permana
SEIKO : Journal of Management & Business Vol 6, No 1 (2023): January - Juny
Publisher : Program Pascasarjana STIE Amkop Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37531/sejaman.v6i1.4025

Abstract

Technological developments in digitalization are so very rapid. Their influence is also very significant in changes and human behavior. They are starting from using the internet, social media, online transactions, and virtual meetings to increasingly sophisticated smartphones supporting all these activities. Digitalization has made changes consumer behavior in shopping change drastically. Nowadays, changes in consumer behavior in shopping have been dominated by online transactions. The average cross-generation has used and understood the use of online media, especially the millennial and gen z generations. This study analyzes the effectiveness of digital marketing, influencer marketing, and online customer reviews on purchasing decisions. The analysis method in this study is quantitative causality. The population taken is Pelita Bangsa University students, the sample taken is students belonging to the millennial and gen z generations who transact online shopping in e-commerce and marketplaces, with data analysis techniques in this study using regression double linear. The results of the data analysis that has been carried out, the first and second hypotheses are rejected, with the conclusion that digital marketing and influencer marketing do not influence online purchasing decisions. The results of the third hypothesis are accepted, with the conclusion that online customer reviews can influence online purchasing decisions in a positive direction.
Analisis Financial Literacy Dan Financial Inclution Fintech Terhadap Personal Finance Generasi Z di Indonesia Zulfa Zakiatul Hidayah; Erna Apriani
Innovative: Journal Of Social Science Research Vol. 3 No. 2 (2023): Innovative: Journal Of Social Science Research (Special Issue)
Publisher : Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/innovative.v3i2.2054

Abstract

Perkembangan Ekonomi era society 5.o sangat pesat sekali. Financial Technology (FinTech) sudah populer di kalangan masyarakat khususnya generasi z, dengan perkembangan tersebut seharusnya kita dapat mengimbangi atau jangan sampai ketinggalan pengetahuan dalam menggunakan fasilitas-fasilitas yang tersedia. Berbicara keuangan perlu kita ketahui masyarakat pada zaman sekarang dengan sangat mudahnya mengakses FinTech namun literasi kita akan keuangan itu sendiri masih kurang, hal ini dapat berpengaruh pada cara kita dalam menggunakan kemudahan yang ada. Inklusi keuangan maupun literasi keungan dapat menjadi pengaruh atas personal finance atau perilaku mengontrol keuangan personal dalam mengelola keuangannya agar lebih bijaksana lagi, kita harus tahu mengatur cash flow, saving, hingga kredit yang kita miliki. Generasi yang sangat dekat dengan teknologi adalah Generasi Z karena perkembangan teknologi berputar di zaman mereka, penerimaan informasi sangat cepat terlebih dikalangan pengguna sosial media seperti wanita sehingga literasi dan inklusi keuangan seharusnya tersampaikan dengan mudah, hal tersebut dapat menjadi point lebih dalam pengelolaan keuangan pribadi mereka. Penelitian ini bertujuan untuk mengetahui faktor yang mempengaruhi Personal Finance meliputi Literasi Keuangan dan Inklusi Keuangan Financial Technology yang dilakukan pada Generasi Z Indonesia yang akan dikhususkan di daerah Cikarang yang memiliki gender wanita, ukuran sampel akan menggunakan metode penentuan Roscoe yang mana jumlah sampel yang akan digunakan maksimal 100 elemen dengan teknik probability sampling(Sugiono, 2015). Metode penelitian menggunakan pendekatan kuantitatif dengan metode statistik(Cahyani et al., 2020). Studi yang dilakukan peneliti adalah untuk mengukur terkait adanya pengaruh positif dari beberapa indikator pada setiap variabel didalamnya dengan menggunakan alat uji statistik dengan Partial Least Square (PLS) menggunakan software SmartPLS 3.0.
PENGUATAN MANAJEMEN KEUANGAN DAN MEDIA SOSIAL PADA KARANG TARUNA DESA WANGUN HARJA Abdul Latif; Erna Apriani; Zulfa Zakiatul Hidayah; Wiyarno Wiyarno; Isarianto Isarianto
RESWARA: Jurnal Pengabdian Kepada Masyarakat Vol 4, No 2 (2023)
Publisher : Universitas Dharmawangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46576/rjpkm.v4i2.3211

Abstract

Literasi keuangan tidak lepas dari seni dalam pengelolaan keuangan individu, di zaman yang terus berkembang serta dibarengi pertumbuhan teknologi informasi yang pesat, tentu generasi muda harus bisa mengoptimalkan penghasilan serta efisiensi pengeluaran untuk kepentingan pribadi pada jangka pendek dan jangka Panjang. Sebagian besar generasi milienial dan gen z kurang dalam efisiensi penghasilannya dikarenakan kurangnya pemahaman terkait manajemen keuangan. Tujuan dari kegiatan untuk memberikan pemahaman, penguatan, wawasan, serta semua hal terkait manajemen keuangan dan media sosial dan segala hal yang mesti dipersiapkan dan diantisipasi dalam implikasi IPTEK tersebut. Mitra pada kegiatan pengabdian ini merupakan remaja dan pengurus karang taruna Desa Wangun Harja. Metode pelaksanaan dilakukan dengan edukasi, sosialisasi, serta penguatan manajemen keuangan, dan pengelolaan media sosial bagi para anak muda, anggota, dan pengurus Karang Taruna Desa Wangun Harja. Setelah diselenggarakan pengabdian dengan tema penguatan manajemen keuangan dan media sosial, wawasan, dan pemahaman peserta pengabdian menjadi bertambah dan lebih bijak dalam pengelolaan keuangan pribadi dan organisasi, serta bijak dalam pengelolaan media sosial. Kesimpulan pada kegiatan ini Sebagian besar generasi milenial dan gen Z kurang memahami literasi keuangan, dan pengelolaan keuangan pribadi, sehingga tidak mudah untuk menabung dan membeli aset dari hasil kerja dan usahanya, dari kegiatan ini para peserta sudah berpikir lebih realistis dalam pengelolaan keuangan, dan pemahaman instrument investasi yang cocok pada kondisi keuangan masing-masing, serta pengem, serta sosial media yang cocok untuk dikembangkan dalam organisasi
Holding Period of the Energy Sector: Market Value Factor, Bid-Ask Spreads, and Variance Return Abdul Latif*; Wiyarno Wiyarno; Erna Apriani
JIM: Jurnal Ilmiah Mahasiswa Pendidikan Sejarah Vol 8, No 1 (2023): Januari, Social, Education, Political, Economic and Humanities
Publisher : Universitas Syiah Kuala

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/jimps.v8i1.23551

Abstract

The level of investor confidence in a company going public is by holding the company's shares for a long time, which improves the holding period of a share. Especially during a pandemic, it is a significant record for companies going public to maintain a reputation for their performance towards investors. During the pandemic, the energy sector became the target of investors because consumer levels increased sharply during the pandemic. This phenomenon makes the holding period in the energy sector worthy of research. Thus this study aims to analyze the effect of market value on the energy sector holding period, bid-ask spreads on the energy sector holding period, and variance return on the energy sector holding period. The data used in this study is secondary data in the form of data on the number of outstanding shares, daily data on the volume of stock trading transactions, the bid price and ask price of shares, and the average stock return of energy sector companies during 2021 with cross-sectional data types. The population and sample in this study are all go-public companies that belong to the energy sector on the Indonesian stock exchange, namely 76 companies on all accelerator boards with a period of 2021. The data analysis tool used is a multiple linear regression model to influence market value, bid-ask spreads, and variance returns in the energy sector holding period. The results of this study show that the market value variable has a positive effect on the holding period, and for the results of the bid-ask spreads variable, the variance return does not affect the holding period.
Macroeconomic Perspective on the Growth of Corporate Sharia Bonds (Sukuk) in Indonesia Erna Apriani; Dian Rachmawati Afandi; Abdul Latif; Aprilianti
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 10 No. 4 (2023): Juli-2023
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol10iss20234pp352-364

Abstract

ABSTRACT This study aimed to examine macroeconomic factors such as economic growth, inflation, money supply, unemployment rate, and world oil prices as moderating variables on the growth of corporate Islamic bonds (sukuk) in Indonesia. The method of analysis in this research was quantitative causality with an analytical approach. The analysis technique used was a moderation regression model. The sample in this study was the growth of corporate Islamic bonds (sukuk) for the last ten years, from 2013 to 2022, in monthly data. The results showed that the growth of Sukuk was partially affected by the variables of inflation, money supply, and unemployment. However, the GDP variable does not affect the growth of Sukuk. The moderating variable of world oil prices can moderate the variables of GDP, money supply, and unemployment rate on the growth of Sukuk, but does not moderate the variable of inflation on the growth of Sukuk. The results of this study can be used as an academic reference and information for issuers and potential investors in making investment decisions from macroeconomic factors that have been studied such as inflation, money supply, unemployment rate, and world oil prices. Keywords: Gross Domestic Product, Macroeconomics, Unemployment Rate, Corporate Sukuk   ABSTRAK Penelitian ini bertujuan untuk mengetahui faktor-faktor makroekonomi seperti pertumbuhan ekonomi, inflasi, uang beredar, tingkat pengangguran, dan harga minyak dunia sebagai variabel moderasi pada pertumbuhan obligasi syariah (sukuk) korporasi di Indonesia. Metode analisis pada penelitian ini ialah kuantitatif kausalitas dengan pendekatan analitik. Teknik analisis yang dipakai menggunakan model regresi moderasi. Sampel penelitian ini ialah pertumbuhan obligasi syariah (sukuk) korporasi sepuluh tahun terakhir, dari tahun 2013 sampai dengan 2022 dalam data bulanan. Hasil penelitian menunjukan secara parsial variabel inflasi, uang beredar, dan tingkat pengangguran mempengaruhi pertumbuhan sukuk, namun berbeda dengan variabel GDP tidak mempengaruhi pertumbuhan sukuk. Variabel moderasi harga minyak dunia mampu memoderasi variabel GDP, uang beredar, dan tingkat pengangguran pada pertumbuhan sukuk, namun tidak memoderasi variabel inflasi pada pertumbuhan sukuk. Hasil penelitian ini dapat dipakai sebagai refrensi akdemisi, dan informasi bagi perusahaan penerbit serta para calon investor dalam menentukan keputusan investasi dari faktor makroekonomi yang telah diteliti seperti inflasi, uang beredar, tingkat pengangguran, dan harga minyak dunia. Kata kunci: Gross Domestic Product, Makro Ekonomi, Tingkat Pengangguran, Sukuk Korporasi
Du Pont Analysis on the Financial Performance of PT Garuda Indonesia (Persero) Tbk Abdul Latif; Fatimah Fatimah; Pebiola Pebiola; Erna Apriani; Akfika Rizky Sabilla
JOURNAL ECONOMICS AND STRATEGY Vol 4 No 1 (2023): Januari - Juni 2023
Publisher : Fakultas Ekonomi Dan Bisnis Universitas Tjut Nyak Dhien

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36490/jes.v4i1.750

Abstract

Investors, companies, and the public assessing the performance of the company certainly look at the information instruments provided by the company in the financial statements in assessing the company's financial performance. PT Garuda Indonesia (Persero) Tbk is one of the State-Owned Enterprises (BUMN) engaged in aviation services in Indonesia; the condition and performance of the company have certainly been highly monitored by the government and other stakeholders, especially since this company in recent years has always experienced losses in its business operations so that it often injects funds from the government. This study aims to analyze the company's financial performance with Du Pont analysis techniques such as total assets turnover, net profit margin, equity multiplier, and return on equity for the 2020-2022 period. The analysis method used in this research is a descriptive quantitative analysis of the company's financial ratios with Du Pont analysis. The results showed that the Total Assets Turnover ratio in 2020, 2021, and 2022 was still below the industry average and was in poor condition. The Net Profit Margin ratio in 2020 and 2021 is below the industry average, negative with poor conditions, and 2022 above the industry average with good conditions. The Return On Investment ratio in 2020 and 2021 experienced a negative ratio with a conclusion of poor condition; in 2022, it improved with a positive ratio in good condition. The Equity Multiplier ratio in 2020, 2021, and 2022 needs to be in better condition, below standard, and hostile. The Return On Equity ratio in 2020, 2021, and 2022 needs to be in better condition. Keywords: Financial Performance, Financial Statements, Financial Ratios
A Bibliometric Analysis of Sharia Bonds (Sukuk) in Islamic Capital Market Erna Apriani; Abdul Latif; Indra Permana
Proceeding International Pelita Bangsa Vol. 1 No. 01 (2023): September 2023
Publisher : DPPM Universitas Pelita Bangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37366/pipb.v1i01.2679

Abstract

Sharia bonds (Sukuk) are one of the products of the Islamic capital market; the development of Islamic bonds is rapid in countries where most of the population is Muslim, using Islamic law principles. This study systematically explores the development of Sharia bond research (Sukuk) in the Islamic capital market in the observation period for six years, namely from 2017 to 2022. Bibliometrics is a data analysis approach in this study using the VOSviewer application. Quantitative description is an analysis method used in this study to describe the econometric literature with a network visualization model on the topic to be discussed. The sample is obtained using the publish or perish application with data from Google Scholar and Scopus, so the data obtained is then sorted to become relevant sample data of 760 articles related to Sukuk in the Islamic capital market. The results of the first VOSviewer mapping are ten articles with the most citations, network visualization, overlay visualization, and density visualization, and there are five clusters between item relationships; the keyword "Sharia Bond" became a popular keyword during the observation period, so that Islamic Bonds have been in great demand as evidenced by the development of research related to Sharia bonds.