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PT PRIMA LAYANAN NASIONAL ENJINIRING FAIR MARKET VALUE OF EQUITY ANALYSIS RELATED TO INITIAL PUBLIC OFFERING (IPO) PLAN BY RELATIVE VALUATION APPROACH Rizani, Ahmad
International Journal of Social Science and Business Vol 1, No 3 (2017)
Publisher : Universitas Pendidikan Ganesha

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (44.443 KB) | DOI: 10.23887/ijssb.v1i3.10965

Abstract

PT Prima Layanan Nasional Enjiniring (PT PLN Enjiniring) plans to conduct an initial public offering in 2012 that is intended for business development. Purpose of this research was to estimate the fair market value of equity of PT PLN Enjiniring in the framework of an initial public offering. Fair market value of equity of PT PLN Enjiniring is acquired by using relative valuation method with multiple PER (price to earning ratio), PBV (price to book value) and PSR (price to sales ratio). Information used for this research come from two secondary data from financial reports and other information contained in the annual report 2008-2010 PT PLN Enjiniring years audited by public accountants, comperative financial reports, and company’s stock data comparison. The estimated fair market value of equity of PT PLN Enjiniring per December 31st 2011 by using the method of relative valuation is obtained indication the fair market value of equity amounting to Rp3.048.352.406.030
Modifikasi Geometri Peledakan Pada Sisi Free Face Di Area Low Wall Tambang Batubara Rizani, Ahmad; Hadi, Sofwan; Asy'ari, Muhammad Aril
POROS TEKNIK Vol. 10 No. 2 (2018)
Publisher : P3M Politeknik Negeri Banjarmasin

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31961/porosteknik.v10i2.696

Abstract

Faktor yang mempengaruhi penanganan peledakan pada sisi free face menggunakan modifikasi geometri adalah material hasil peledakan yang terdapat pada sisi free face keras sehingga menyebabkan digging time suatu alat gali tidak optimal dan dapat menimbulkan permasalahan yang dapat menghambat aktivitas peledakan berikutnya. Lokasi studi penelitian terletak di PT Kalimantan Prima Persada Jobsite PT Bhumi Rantau Energi di Desa Bitahan Baru Kecamatan Lokpaikat, Kabupaten Tapin, Provinsi Kalimantan Selatan. Data yang diperoleh berupa data digging time alat gali di area free face, geometri peledakan dan powder factor, dimana data diolah menggunakan rumus ICI Explosives (Rule of Tumb) untuk memodifikasi geometri agar sesuai dengan kondisi jenjang di lapangan. Hasil dari geometri peledakan aktual kemudian didapatkan rata-rata digging time alat gali pada sisi free face di area low wall pada tambang batubara. Setelah dilakukan modifikasi geometri, digging time alat gali lebih optimal dari pada sebelumnya. Permasalahan yang sebelumnya menghambat aktivitas peledakan diharapkan dapat lebih mudah diatasi dalam melakukan prepare lokasi peledakan, sehingga dapat diketahui sejauh mana modifikasi geometri peledakan dilakukan sebagai alternatif untuk mendapatkan hasil yang lebih optimal. Berdasarkan geometri peledakan aktual didapatkan rata-rata digging time untuk PC 1250 pada sisi free face PIT Mahoni low wall selama 12,63 detik. Setelah dilakukan modifikasi geometri nilai digging time lebih optimal sebesar 10,60 detik. Prepare lokasi pemboran dan peledakan lebih rapi, rata dan bebas dari bund wall yang lebih banyak serta unit drilling lebih mudah dalam melakukan reposisi pada sisi free face.
ANALYSIS OF ECONOMIC POTENCY IN AGRICULTURAL, FORESTRY AND FISHERY SECTOR OF JEMBER DISTRICT Rizani, Ahmad
International Journal of Social Science and Business Vol 2, No 2 (2018)
Publisher : Universitas Pendidikan Ganesha

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (457.28 KB) | DOI: 10.23887/ijssb.v2i2.13098

Abstract

This study aims to examine the economic potential in the sector and sub-sector of agriculture, forestry and fishery of Jember Regency. In addition, this study also highlights and determines the leading sectors and sub-sectors in Jember Regency to provide an overview of superior economic activities that can be developed in increasing the economic potential in Jember District. The data used in this study is secondary data in the form of time series (time series) for 6 years from 2010 to 2015 Gross Regional Domestic Product (GRDP) of East Java Province, GRDP (Gross Regional Domestic Product) Jember District. The data was obtained from Central Bureau of Statistics (BPS) of East Java Province and Central Bureau of Statistics (BPS) of Jember Regency. Shift-Share, Location Quotient (LQ), and Growth Ratio Model (MRP). From the results of the research: (1) shift-share analysis shows that the economy of Jember Regency during 2010-2015 period increased by Rp2,412.3 billion. The performance improvement in Jember Regency can be seen from the sectors and sub-sectors of agriculture, forestry and fisheries; (2) based on the analysis of Quotient Location (LQ) of the sector and the leading sub-sector in Jember Regency there is 1 sector and 1 sub-sector with average LQ> 1 or potential sectors and subsectors namely agriculture, farming, hunting & agricultural services and plantation sub-sector; (3) Growth Ratio Model (MRP) analysis shows the dominant sectors of growth and subsector of plantation, sub-sector of agricultural and hunting services, forestry and logging sector, and fishery sector. Keywords: Economic Potential, Shift-Share, Quotient Location (LQ), Growth Ratio Model (MRP)
ANALISIS POTENSI EKONOMI DI SEKTOR DAN SUBSEKTOR PERTANIAN, KEHUTANAN DAN PERIKANAN KABUPATEN JEMBER Rizani, Ahmad
Jurnal Ekonomi Pembangunan Vol 15, No 2 (2017): JURNAL EKONOMI PEMBANGUNAN
Publisher : Pusat Pengkajian Ekonomi dan Kebijakan Publik

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (259.474 KB) | DOI: 10.22219/jep.v15i2.5361

Abstract

This study aims to examine the economic potential in the sector and sub-sector of agriculture, forestry and fishery of Jember Regency. In addition, this study also identifies and determines the leading sectors and sub-sectors in Jember Regency to provide an overview of the leading economic activities that can be developed in increasing the economic potential in Jember District. Analyzer used in this research include analysis of Shift-Share, Location Quotient (LQ), and Growth Ratio Model (MRP). From the research result, it can be seen that: (1) shift-share analysis shows Jember Regency economy during 2010-2015 period increased by Rp2,412.3 billion. The improvement of economic performance in Jember Regency can be seen from positive sector of agriculture sector, forestry and fishery; (2) Based on the analysis of Location Quotient (LQ) sector and the leading sub-sector in Jember Regency there is 1 sector and 1 sub-sector having average LQ> 1 or sector and subsector of the (potential) ie agriculture, farming, and plantation sub-sector; (3) Growth Ratio Model (MRP) analysis shows that the dominant sectors of growth and large contribution include estate crop sub-sector, agriculture and hunting services sub sector, forestry and logging sector, and fishery sector; (4) weighted results based on Shift-Share, Location Quotient (LQ) and Growth Ratio (MRP) analysis were obtained by the highest ranking sub-category of the most potential weighted crops sub-sector.
Studi Potensi Bahan Galian Bijih Emas (Au) Menggunakan Data Geolistrik Pada Desa Buang Baru Kecamatan Sekatak Kabupaten Bulungan Kalimantan Utara Rizhan, Muhammad; Rizani, Ahmad; Adhi Fajar, Reza; Djihad, Fajar
POROS TEKNIK Vol. 13 No. 1 (2021)
Publisher : P3M Politeknik Negeri Banjarmasin

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31961/porosteknik.v13i1.943

Abstract

Studi potensi bahan galian emas (Au) dilakukan di Desa Buang Baru, Kecamatan Sekatak, Kabupaten Bulungan, Kalimantan Utara dengan menggunakan data geolistrik konfigurasi Pol - Dipol sebanyak 4 titik. Metode geolistrik merupakan salah satu metode geofisika yang digunakan untuk mengetahui kondisi geologi bawah permukaan berdasarkan sifat kelistrikan batuannya. Emas merupakan native element dari batuan beku yang mempunyai sifat kelistrikan batuan yang kontras dengan batuan disekitarnya yang umumnya berupa batuan sedimen, sehingga metode geolistrik cocok digunakan untuk mengidentifikasi keberadaannya di bawah permukaan sekaligus menghitung potensi volume. Kegiatan pengukuran menghasilkan dua macam model, yaitu penampang 2D dan block model 3D. Pesebaran nilai tersebut diinterpretasikan sebagai lokasi keberadaan dari potensi emas yang terdapat diarea pengukuran. Area dengan nilai resistivity >1000 ohm.m diinterpretasikan sebagai area pesebaran batuan tersilisifikasi. Area dengan nilai 100-1000 ohm.m diinterpretasikan sebagai area pesebaran batuan terargilitkan dengan didalam area-area tersebut, terdapat interpretasi dari keberadaan bijih emas, yaitu area berwarna ungu kemerahan dengan nilai IP >250 msec. Interpretasi model 3D menunjukan bahwa alterasi batuan di area pengukuran secara umum didominasi oleh batuan yang terargilitkan. Batuan tersilisifikasi secara umum mengisi bagian tepi dari batuan terargilitkan pada model dengan bijih terbentuk diselimuti oleh batuan-batuan tersebut. batuan yang diinterpretasikan mengandung emas, terhitung memiliki volume 623.000 m3.
Investment Decision Making in Digital Business Using Tsukamoto Fuzzy Logic Fuad, Muhammad; Wattimena, Fegie Yoanti; Rizani, Ahmad; Yuswardi
International Journal Software Engineering and Computer Science (IJSECS) Vol. 3 No. 2 (2023): AUGUST 2023
Publisher : Lembaga Komunitas Informasi Teknologi Aceh (KITA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35870/ijsecs.v3i2.1525

Abstract

This research investigates the application of Tsukamoto's Fuzzy Logic in investment decision making in a digital business context. By integrating human knowledge and numerical data, this method seeks to overcome the challenges of complexity and uncertainty that often arise in the fast-changing digital business environment. Through analysis of case studies and interviews with industry practitioners, this study identifies the steps for implementing effective Tsukamoto Fuzzy Logic, including the formation of fuzzy variables, determination of membership functions, application of fuzzy rules, and defuzzification processes. The results of Tsukamoto's Fuzzy Logic calculations are applied to digital investment cases, providing an overview of investment quality based on various input variables. This research shows that this method can produce a holistic and informative approach in making investment decisions. In addition, the diverse participation of practitioners in various regions provides valuable insights in dealing with the uncertainties of digital business. In this challenging digital era, this research provides guidance for decision makers in dealing with the complexities of a dynamic business environment.
Dampak Employee Stock Option (ESO) Terhadap Abnormal Return pada Perusahaan Terdaftar di Bursa Efek Indonesia: Analisis Peran Corporate Governance sebagai Pemoderasi Rizani, Ahmad; Judijanto, Loso; Setiadi, Sandi; Iswanto, Juni
Jurnal EMT KITA Vol 7 No 4 (2023): OCTOBER 2023
Publisher : Lembaga Otonom Lembaga Informasi dan Riset Indonesia (KITA INFO dan RISET) - Lembaga KITA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35870/emt.v7i4.1702

Abstract

The purpose of this study is to examine how employee stock options (ESOs) affect abnormal returns while controlling corporate governance. Institutional ownership, management ownership, and independent commissioners are the corporate governance proxy variables that are employed. Using a purposive sample technique, the research sample was made up of businesses that were listed between 2015 and 2020 on the Indonesia Stock Exchange. Data from the 20 sample companies were analyzed using moderated regression analysis (MRA). The findings of the study indicate that employee stock options (ESOs) have a major impact on abnormal returns, and that corporate governance plays a crucial moderating role in controlling the relationship between ESOs and abnormal returns. These findings provide a better understanding of the dynamics between ESOs, corporate governance, and corporate financial performance in the Indonesian capital market.
Analysis of Financial Decision-Making with a Behavioral Economics Approach: Perspectives on Capital Market Investors Rizani, Ahmad; Zakariyya Rasyad, Rizky; Budiarti, Lina; Sri Sulistyawati, Upik
International Journal of Management Science and Information Technology Vol. 3 No. 2 (2023): July - December 2023
Publisher : Lembaga Otonom Lembaga Informasi dan Riset Indonesia (KITA INFO dan RISET)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35870/ijmsit.v3i2.1471

Abstract

This study aims to analyze the financial decision-making of investors in capital markets using the approach of behavioral economics. Behavioral economics studies how psychological and emotional factors influence financial decision-making. This study involves analyzing various aspects of investor behavior including loss aversion, information framing, overconfidence, herd behavior, and demographic factors. The results show that investors tend to fear losses more than profits, which affects prudent decision-making. The way information is presented also influences investment decisions, where the formation of a positive or negative frame can affect perceptions of risk and opportunities for profit. Overconfidence also plays a role in investment decision-making, with overconfident investors tend to underestimate risk. Herd behavior is also seen in this study, where investors tend to follow market trends without in-depth analysis, which can increase market volatility. Demographic factors such as age, gender, education, and investment experience also play a role in investment strategy and risk preference. This research provides important insights to investors and market participants about the psychological factors that influence financial decision-making. With a better understanding of investor behavior, it is hoped that investors will be able to make more informed and informed decisions, as well as reduce the impact of psychological biases in the future. financial decision-making in capital markets.
The Effect of Income Tax Policy on Foreign Direct Investment: Panel Data Analysis in Developing Countries Judijanto, Loso; Fakhriah, Syahriati; Guilin, Xie; Ladjin, Nurjanna; Rizani, Ahmad
Rechtsnormen Journal of Law Vol. 2 No. 2 (2024)
Publisher : Yayasan Pendidikan Islam Daarut Thufulah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55849/rjl.v2i2.858

Abstract

Background. Research Background Foreign direct investment (FDI) is an important component in accelerating the economic growth of developing countries. As competitive tax rates can be an important factor in foreign investors' investment location selection, income tax policy has been the focus of attention in an effort to attract FDI. However, the real impact of these tax policies on foreign direct investment flows in developing countries is still in doubt. Purpose. This study aims to understand whether a reduction or increase in income tax rates has a significant impact on the amount and flow of foreign direct investment in developing countries, using panel data analysis. This research is expected to enhance the understanding of the role of tax policy in attracting FDI and its implications for the economic growth of developing countries. Method. This study aims to understand whether a reduction or increase in income tax rates has a significant impact on the amount and flow of foreign direct investment in developing countries, using panel data analysis. This research is expected to enhance the understanding of the role of tax policy in attracting FDI and its implications for the economic growth of developing countries. Results. The analysis shows that developing countries' income tax policies and foreign direct investment are closely linked. The main results show that a reduction in income tax rates tends to increase foreign investment inflows, while an increase in rates can have the opposite effect. In addition, the interaction between tax policy and other economic components, such as political stability and infrastructure, also affects the impact of tax policy on FDI. Conclusion. This study shows that income tax policy plays an important role in determining the level of foreign direct investment in developing countries. Developing countries can increase foreign investment flows by lowering income tax rates. However, to create an effective policy, it is also necessary to consider other aspects such as political stability, regulation, and infrastructure.
Hubungan Status Gizi Dengan Kejadian Diare Pada Balita Di Puskesmas Martapura 1 Kabupaten Banjar Khofifah, Noor; yuniarti, yuniarti; rizani, Ahmad
Jurnal Skala Kesehatan Vol 14 No 2 (2023): JURNAL SKALA KESEHATAN
Publisher : Politeknik Kementerian Kesehatan Banjarmasin

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31964/jsk.v14i2.399

Abstract

Diarrhea is a major cause of mortality and morbidity among children less than 5 years of age. Based on data from the Banjar District Health Office in 2019, the Martapura 1 Health Center was the first of 24 health centers in Banjar Regency with the highest number of diarrhea sufferers in toddlers, namely 52.4% of diarrhea cases in toddlers. The purpose of this study was to determine the relationship between nutritional status and the incidence of diarrhea in children under five at the Martapura 1 Health Center. This research method uses an analytical survey with a cross sectional approach. The population of 892 toddlers brought by their parents was taken for treatment to the Martapura 1 Public Health Center aged 1-59 months. The sample taken is 892 respondents. Sampling with the Probability Sampling technique with the Total Sampling Technique. The collection of research data is secondary data. Data analysis using univariate and bivariate analysis techniques using the Sperman Rank test. The results showed that the value of (0.002) < (0.05) thus concluded that there was a significant relationship between nutritional status and the incidence of diarrhea in children under five in the working area of Maartapura 1 Public Health Center, Banjar Regency.