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ANALYSIS OF FINANCIAL DISTRESS IN COMPANIES THREATEN TO DELISTING ON THE INDONESIA STOCK EXCHANGE USING THE ALTMAN Z-SCORE MODEL Nurul Azizah; Anwar Ramli; Anwar
Journal Management & Economics Review (JUMPER) Vol. 1 No. 2 (2023): August
Publisher : Journal Management & Economics Review (JUMPER)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59971/jumper.v1i2.32

Abstract

This study aims to determine the potential for bankruptcy experienced by companies that are threatened with delisting on the Indonesia Stock Exchange using the Altman Altman Z-Score Model. This type of research uses descriptive quantitative. The research method uses descriptive quantitative. The sample used is a company that is threatened with delisting on the Indonesia Stock Exchange. The data used is secondary data, namely the company's financial statements listed on the Indonesia Stock Exchange. The sampling technique used a purposive sample and obtained a total sample of 5 (five) companies. Data analysis techniques using the Second Altman Z-Score. The results of the study show that in the last five years the potential for bankruptcy for companies that are threatened with delisting is relatively high because the five companies have the potential to experience bankruptcy, namely PT. Bakrie Telecom Tbk. PT. Dua Putra Utama Makmur Tbk. PT. Food Sejahtera Tbk. PT. Leyand International. PT. Trikomsel Oke Tbk. The company is in the precautionary zone to the distress zone.
THE EFFECT OF CAPITAL STRUCTURE ON PROFITABILITY IN ANIMAL FEED SUB-SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE Husnul Khatima; Muh. Ikhwan Maulana Haeruddin; Anwar; Romansyah Sahabuddin; Burhanuddin
Journal Management & Economics Review (JUMPER) Vol. 1 No. 2 (2023): August
Publisher : Journal Management & Economics Review (JUMPER)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59971/jumper.v1i2.34

Abstract

This study aims to determine the effect of capital structure on profitability in animal feed sub-sector companies listed on the Indonesian stock exchange. This type of research is Quantitative Descriptive. This study uses the independent variable capital structure, which is proxied by the ratio of debt to equity or Debt To Equity Ratio (DER). The dependent variable is profitability. Profitability is calculated using the Return On Equity (ROE) ratio. The data used is secondary data derived from the financial statements of animal feed sub-sector companies listed on the Indonesia Stock Exchange in 2014-2021. Samples were taken using the saturated sample method, in order to obtain a sample that met the requirements of 4 companies. The data analysis technique used is simple linear regression with hypothesis testing using the t statistical test, besides that a classic assumption test is also carried out which includes linearity tests, normality tests, and autocorrelation tests. The results of the analysis show that capital structure (DER) has a negative and significant effect on profitability (ROE) in animal feed sub-sector companies listed on the Indonesia Stock Exchange, this negative direction means that the greater the DER value owned by a company identified with total debt, the lower the profitability (ROE) value obtained by the company. The predictive ability of the DER variable on ROE is 23.8% as shown by R Square of 23.8%, while the remaining 76.2% is influenced by other factors not examined.
The Effect of Service Quality on Customer Satisfaction in Purchasing Maryam Ibu Bread in Makassar Nur Faradillah Marzettih Askari; Anwar; Muhammad Ilham Wardhana Haeruddin; Muh. Ichwan Musa; Zainal Ruma
International Journal of Economics, Management and Accounting (IJEMA) Vol. 1 No. 3 (2023): August
Publisher : Lafadz Jaya Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47353/ijema.v1i3.38

Abstract

This study aims to analyze the effect of service quality on consumer satisfaction of Roti Maryam Ibu. The variables in this study are service quality (X) and customer satisfaction (Y). The method used in this study uses quantitative methods. Data collection techniques in this study used questionnaire media with the Likert method. The population in this study are customers from Roti Maryam Ibu. The sampling technique uses the Lemeshow formula with a sample of 88 consumers. The data analysis method used is descriptive analysis and simple linear regression analysis using SPSS to see the effect of the independent variables on the dependent variable, the significance value of the service quality variable is obtained at 0, 00 indicates that the independent variable has a positive and significant effect on the dependent variable with a significance value of 0.00 <0.05. This study shows that the service quality variable has a positive coefficient regression direction with customer satisfaction. The results of the analysis show that there is an influence of service quality on customer satisfaction.
Economic Value Added (Eva) Analysis to Measure Financial Performance in The Pharmaceutical Industry Listed on The Indonesia Stock Exchange (2018-2022 Period) Sayyed Muhammad Fikri Assagaf; Anwar; Andi Mustika Amin; Anwar Ramli; Hety Budiyanti
International Humanity Advance, Business & Sciences Vol 1 No 2 (2023): Oktober
Publisher : PT Maju Malaqbi Makkarana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59971/ijhabs.v1i2.35

Abstract

Abstract This study aims to determine the financial performance of the pharmaceutical industry listed on the Indonesia Stock Exchange using the Economic Value Added (EVA) method during the 2018-2022 period. The type of research used is quantitative using descriptive data. The population in this study is the financial statements of the pharmaceutical industry listed on the Indonesia Stock Exchange consisting of PT Sido Muncul Tbk, PT Pyridam Farma Tbk, PT Kalbe Farma Tbk, PT Kimia Farma Tbk, PT Indofarma Tbk and PT Darya-Varia for the last 5 years, 2018-2022. The sample of this study is the statement of financial position and comprehensive income. The data collection technique used is documentation. The data analysis technique used is Economic Value Added (EVA) analysis which consists of NOPAT, Invested Capital, WACC, and Capital Charges. The results of this study indicate that the value of Economic Value Added (EVA) at PT Sido Muncul Tbk, PT Kalbe Farma Tbk, and PT Darya-Varia Laboratoria Tbk during the 2018-2022 period was always positive (EVA > 0) so it can be said that management is able to create added economic value for the company. However, PT Pyridam Farma Tbk in the period 2018 to 2022 cannot be fully said to be good because there is a negative EVA. In 2019 it was noted that the Economic Value Added (EVA) value of PT Pyridam Farma Tbk decreased to a negative value (EVA <0), so it can be said that the company has not been able to create added economic value for the company.
The Effect of Work Discipline on Employee Performance at the Sinjai Regency Food Security Service Suriani; Anwar; Agung Widhi Kurniawan; Abdi Akbar; Uhud Darmawan Natsir
International Humanity Advance, Business & Sciences Vol 1 No 2 (2023): Oktober
Publisher : PT Maju Malaqbi Makkarana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59971/ijhabs.v1i2.39

Abstract

The role of human resources is essential for an organization. In line with the development of the globalization era, all organizations/institutions are demanded to carry out their tasks responsibly to achieve good performance. One of the factors influencing this performance is work discipline. The purpose of this research is to determine the effect of work discipline on the performance of employees at the Food Security Agency of Sinjai Regency. The research population consists of all 32 employees of the Food Security Agency of Sinjai Regency. The sampling method used is saturated sampling, where all 32 employees are taken as samples. The data from the questionnaires were processed using SPSS version 26.0 software.