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Asri Jaya

Universitas Muhammadiyah Makassar, Fakultas Ekonomi & Bisnis, Faculty Member

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Papers by Asri Jaya

Pengaruh Karakteristik Perusahaan dan Ekonomi Makro terhadap Return Saham Syariah yang Listing di Jakarta Islamic Index

Jurnal Manajemen dan Bisnis Universitas Bandar Lampung, Apr 30, 2013

Islamic stock is a stock company in accordance with the principles of Islamic law, either on the ... more Islamic stock is a stock company in accordance with the principles of Islamic law, either on the product or its management. This study aimed to see how they affect the characteristics of the company (EPS, DER, ROA, CR) and Macroeconomics (inflation and exchange rate) to the return of Islamic stocks listed in the Jakarta Islamic Index (JII). The object of this study are all Islamic stocks listed in the Jakarta Islamic Index (JII) in the Jakarta Stock Exchange (JSX) in the period 2008 to 2012 as many as 30 listed companies and a total sample of 9 companies to pass multi shapes purposive sampling based on the availability of data during the study period and type of the data is secondary data, while the analysis method used is multiple linear regression model. The results showed that partially independent variables ROA (X3) = 2,255 and foreign exchange (X6) = 2.347 have a significantly positive effect on stock return of sharia. Meanwhile, the inflation rate (X5) =-6.133 have a significantly negative effect on stock returns of shariah. Meanwhile, the The Variable EPS (X1) =-1.875, DER (X2) =-1.819 and CR (X3) =-1.394 proved no significant effect on the stock return of shariah and the results of this study indicates that inflation is the most dominant variable affecting stock returns of shariah.

Empowering the Bunga Teratai Msmes Through the Implementation of a Digital Business Management System to Enhance Their Potential and Capabilities

JMM (Jurnal Masyarakat Mandiri), Feb 12, 2024

Adopsi teknologi digital semakin penting bagi pertumbuhan dan keberlanjutan UMKM. Namun, banyak U... more Adopsi teknologi digital semakin penting bagi pertumbuhan dan keberlanjutan UMKM. Namun, banyak UMKM menghadapi tantangan dalam memanfaatkan alat dan sistem digital secara efektif untuk manajemen bisnis mereka. Kegiatan ini bertujuan meningkatkan kemampuan pelaku UMKM dalam mengimplementasikan sistem manajemen bisnis berbasis digital. Kegiatan ini berfokus pada penguatan soft skill dan hard skill mitra UMKM. Mitra adalah kelompok Usaha Mikro "Bunga Teratai" yang telah menjalankan bisnisnya lebih dari sepuluh tahun. Ada dua permasalahan mitra yang ditangani, yaitu penguatan dan peningkatan kemampuan SDM pelaku Usaha Mikro dalam memanfaatkan teknologi digital. Pemanfaatan teknologi digital fokus pada penyusunan laporan keuangan dan strategi pemasaran berbasis digital. Pendekatan yang digunakan adalah pelatihan partisipatif dan pendampingan. Metode pelaksanaan dengan Adaptive Collaboration Management (ACM). Evaluasi keberhasilan kegiatan dilakukan melalui tiga tahapan, yakni evaluasi awal, evaluasi formatif dan evaluasi akhir. Indikator keberhasilan diukur dengan meningkatnya kemampuan SDM, implementasi sistem manajemen bisnis berbasis digital dan keberlanjutannya. Hasil kegiatan ini adalah meningkatnya kemampuan mitra dalam mengimplementasikan sistem manajemen bisnis berbasis digital.

The Effects 0f Capital Structure and Profitability on the Value of Registered Pharmaceutical Sector Manufacturing Companies Indonesian Stock Exchange

Capital Structure; The value of the company; Manufacturing companies This research aims to invest... more Capital Structure; The value of the company; Manufacturing companies This research aims to investigate the influence of capital structure and profitability variables on the company value within the pharmaceutical sector, focusing on firms listed on the Indonesia Stock Exchange from 2016 to 2020. The study encompasses all Manufacturing Companies in the Pharmaceutical Sector listed on the IDX during this period, with a purposive sampling method selecting 11 companies. Utilizing a descriptive verification approach with a quantitative methodology, the research involved analyzing data through validity testing, multiple linear regression analysis, and hypothesis testing using the t-test. The findings revealed that the capital structure, represented by DAR, exhibited a substantial and meaningful impact on firm value. On the other hand, the study found that profitability, as proxied by ROA, did not exert any significant influence on firm value. These outcomes shed light on the intricate dynamics within the pharmaceutical sector, emphasizing the significance of capital structure in determining firm value while indicating that profitability, as measured by ROA, may not be a sole determinant of firm value in this context. Further research could delve into exploring additional variables and their potential impact on company value within this sector.

JURNAL RISET ILMU EKONOMI

The deceleration of the global economy resulted in a significant decline in world commodity price... more The deceleration of the global economy resulted in a significant decline in world commodity prices, especially coal. The decline in these commodities made the stock price of the coal subsector decline. This study aims to analyze the accuracy of William's moving average and fractal indicator prediction signals with actual results on stock charts. The method used in this study is the Mann Whitney test. The study's conclusions show that the use of both technical analysis indicators to predict the direction of changes or movements in stock prices produces accurate findings, with predictive signals from fractal indicators and moving averages not much different from each other. Based on the accuracy rates of 87% and 85% respectively for William's fractals and moving averages, it can be concluded that William's fractal indicator is significantly more reliable than moving averages in predicting buy and sell signals for mining stock. Based on the findings of this study, both short-and long-term investors can benefit from using the Williams fractal indicator to predict future price trends and identify when to buy and sell stocks to maximize profits.

EMPOWERING THE BUNGA TERATAI MSMES THROUGH THE IMPLEMENTATION OF A DIGITAL BUSINESS MANAGEMENT SYSTEM TO ENHANCE THEIR POTENTIAL AND CAPABILITIES

Nurlina, Asri Jaya dkk, 2024

banyak UMKM menghadapi tantangan dalam memanfaatkan alat dan sistem digital secara efektif untuk... more banyak UMKM menghadapi tantangan dalam memanfaatkan alat dan sistem digital
secara efektif untuk manajemen bisnis mereka. Kegiatan ini bertujuan meningkatkan kemampuan
pelaku UMKM dalam mengimplementasikan sistem manajemen bisnis berbasis digital. Kegiatan
ini berfokus pada penguatan soft skill dan hard skill mitra UMKM. Mitra adalah kelompok Usaha
Mikro ”Bunga Teratai” yang telah menjalankan bisnisnya lebih dari sepuluh tahun. Ada dua
permasalahan mitra yang ditangani, yaitu penguatan dan peningkatan kemampuan SDM pelaku
Usaha Mikro dalam memanfaatkan teknologi digital. Pemanfaatan teknologi digital fokus pada
penyusunan laporan keuangan dan strategi pemasaran berbasis digital. Pendekatan yang
digunakan adalah pelatihan partisipatif dan pendampingan. Metode pelaksanaan dengan Adaptive
Collaboration Management (ACM). Evaluasi keberhasilan kegiatan dilakukan melalui tiga
tahapan, yakni evaluasi awal, evaluasi formatif dan evaluasi akhir. Indikator keberhasilan diukur
dengan meningkatnya kemampuan SDM, implementasi sistem manajemen bisnis berbasis digital
dan keberlanjutannya. Hasil kegiatan ini adalah meningkatnya kemampuan mitra dalam
mengimplementasikan sistem manajemen bisnis berbasis digital.

COD-based Sales Productivity for Business Users in Makassar

Proceedings of the 3rd International Conference of Business, Accounting, and Economics, ICBAE 2022, 10-11 August 2022, Purwokerto, Central Java, Indonesia

This research is a qualitative descriptive study that tries to build a complex phenomenon in a ce... more This research is a qualitative descriptive study that tries to build a complex phenomenon in a certain context, with intensity, patterns of technology use, and social impacts that cannot be clearly separated where the phenomenon takes place (Basuki, 2016). The data were obtained by conducting surveys and interviews with 9 (nine) informants. Selection of informants with criteria; 1). SMEs that applies e-commerce, 2). Consumers who applied e-commerce, 3). MSMEs and consumers who did a transact with cash on delivery (COD)-based ecommerce, and 4). Consumers were domiciled in Makassar City. The results of research and interviews showed that sales already increased after the COD-based business strategy was used and this was proven by the increase in sales volume and operating income during the pandemic.

Pemetaan Potensi Desa Melalui Business Model Canvas Untuk Pengelolaan Bumdes

JMM (Jurnal Masyarakat Mandiri)

Abstrak: Permasalahan mitra pada pengabdian ini, yaitu pengurus Badan Usaha Milik Desa (BUMdes) d... more Abstrak: Permasalahan mitra pada pengabdian ini, yaitu pengurus Badan Usaha Milik Desa (BUMdes) di Kecamatan Toili Kabupaten Banggai belum memiliki konsep pemetaan bisnis dalam menentukan potensi bisnisnya, tujuan program pengabdian ini memberikan pelatihan dan pendampingan pemetaan potensi bisnis dengan menggunakan konsep Business Model Canvas (BMC). Metode yang digunakan berupa workshop dengan memberikan pelatihan dan pendampingan penyusunan BMC untuk menentukan pemetaan potensi bisnis dengan menentukan karakteristik dan value bisnisnya. Mitra pengabdian yaitu kepala desa dan pengurus BUMDes, dengan jumlah peserta sebanyak 14 orang yang merupakan wakil dari 8 desa. Hasil analisis evaluasi peserta menunjukkan 66% peserta mampu menggambarkan potensi desanya masing-masing; keaktifan dalam mengikuti pemaparan materi 94% dan 78% peserta dapat membuat konsep dan memetakan potensi bisnisnya melalui tehnik BMC; 75% peserta telah memahami penggunaan laporan keuangan dalam pengelolaan BUMDe...

Kebijakan Hutang Terhadap Nilai Perusahaan Sektor Consumer Goods Yang Terdaftar Di Index LQ45

Ekombis sains: jurnal ekonomi, keuangan dan bisnis, Mar 20, 2022

Penelitian ini memiliki tujuan untuk mengetahui pengaruh kebijakan utang terhadap nilai perusahaa... more Penelitian ini memiliki tujuan untuk mengetahui pengaruh kebijakan utang terhadap nilai perusahaan pada sektor consumer goods yang terdaftar di indeks LQ45 periode 2015 sampai 2020. Populasi dalam penelitian ini adalah perusahaan pada sector consumer goods yang terdaftar di indeks LQ45 dan terdaftar di Bursa Efek Indonesia(BEI). Metode pemilihan sampel menggunakan purposive sampling. Penelitian ini menggunakan metode kuantitatif. Data yang digunakan dalam penelitian ini menggunakan data sekunder berupa laporan keuangan tahunan perusahaan. Berdasarkan hasil uji hipotesis dengan menggunakan analisis regresi linear sederhana menunjukkan bahwa kebijakan utang memperoleh nilai t hitung sebesar 10,244 dengan tingkat sig sebesar 0,000. Sementara nilai t tabel sebesar 2,501 dengan tingkat probabilitas 0,05. Dengan demikian dapat dinyatakan bahwa kebijakan utang berpengaruh signifikan terhadap nilai perusahaan. Artinya peningkatan penggunaan utang dalam perusahaan akan meningkatkan nilai perusahaan.

Analysis of Optimal Portfolio Formation Using Single Index Model on Stocks Included in the LQ 45 Market Index on the Indonesia Stock Exchange

Atma Jaya Accounting Research, Aug 31, 2022

Investigating Islamic Financial Market: a Study in Jakarta Islamic Index

International Journal of Religious and Cultural Studies

This study aims to determine the effect of the current ratio (CR), debt-toequity ratio (DER), ret... more This study aims to determine the effect of the current ratio (CR), debt-toequity ratio (DER), return on equity (ROE), and earnings per share (EPS) on the stock prices of companies listed on the Jakarta Islamic Index (JII) for the 2016-2016 period. 2020. By employing a descriptive quantitative approach, and secondary data collected, a multiple linear regression analysis was conducted. The results of the study found that: the current ratio (CR) has a positive and significant effect on the stock prices of companies listed in JII, and the debt-to-equity ratio (DER) has no effect on the stock prices of companies listed on JII. Meanwhile, ROE has a positive and significant effect on the stock price of companies listed on JII and EPS has a positive and significant effect on the stock prices of companies listed on JII.

Analisis Komporasi Tingkat Pengembalian, Risiko Dan Koefisien Variasi Pada Saham Syariah Dan Saham Konvensional DI LQ45

Ar-Ribh : Jurnal Ekonomi Islam

This study aims to examine the comparison of returns, risks and coefficient of variation in shari... more This study aims to examine the comparison of returns, risks and coefficient of variation in sharia and conventional companies in LQ45. The sample collection method uses the Purpose Sampling method, namely the selection of samples based on certain criteria so that each of the 4 Islamic and conventional shares is obtained. The technique used is the independent sample T test. Based on the results of the study indicate that there is no significant difference between the rate of return, risk and coefficient of variation in Islamic and conventional companies in LQ45Keywords: Returns, Risk, Variation Coefficient, Sharia Shares, Conventional Shares, LQ 45

Analysis of Cash Round and Receivables Towards Liquidity of PT. Telecommunication Indonesia Tbk

Accounts receivable turnover is high in a company is a condition of capital that will be higher a... more Accounts receivable turnover is high in a company is a condition of capital that will be higher and can be said to be liquid. High accounts receivable turnover will cause the company's capital to increase so that the company can be said to be liquid and vice versa if the receivables turnover is low it will cause the company's capital to decrease, so that the company is said to be illiquid. The cash flow statement is a tool to measure the level of liquidity of a company. Cash flow information is useful for assessing the ability of a company to generate cash flow. Cash flow forms the basis for company management to make decisions about whether to pay dividends to shareholders or to maintain funds and for future expansion and growth of the company. Liquidity is really needed by companies as a guarantee of fulfillment of short-term obligations. Management of current assets effectively and efficiently is very important for a company in order to maintain its liquidity, which plays...

Pengaruh Corporate Action Terhadap Pengambilan Keputusan Dalam Pembelian Saham (Studi Pada Investor DI Kota Makassar)

INVOICE : JURNAL ILMU AKUNTANSI, 2020

This research uses quantitative methods. This study aims to examine and see the effect of Corpora... more This research uses quantitative methods. This study aims to examine and see the effect of Corporate Action consisting of dividends, right issues and stock split on decision making in purchasing shares. This study uses multiple regression analysis using a sample of 80 respondents, namely investors in the city of Makassar. The analytical tool used is the SPSS version 20 program. The results of this study are dividend variables that positively and significantly influence investors 'decision making in buying shares, right issue variables that are positive but not significant, although positive right issues do not affect investors' decision making in buying shares because they are not significant to decision making, Stock split variables are positive but not significant, although positive stock split does not affect investor decision making in buying shares because it is not significant to decision making

Pengaruh Rasio Keuangan Terhadap Kinerja Bank Umum Konvensional Periode 2014-2019

The purpose of this study was to test: 1) the influence of CAR on ROA in Conventional Commercial ... more The purpose of this study was to test: 1) the influence of CAR on ROA in Conventional Commercial Banks, 2) the influence of LDR on ROA on Conventional Commercial Banks, 3) the influence of NIM on ROA in Conventional Commercial Banks. Data collection method using non participant observation method is by documenting all data required in this research as stated in the Indonesian Banking Statistics Report for the period of 2014 - 2019 which is available on the OJK website. The data analysis method in this study used multiple linear regression analysis to obtain a comprehensive picture of the influence between independent variables (CAR, LDR, NIM) and dependent variables (ROA) using the SPSS for Window program. The results showed the following: 1) Capital Adequacy Ratio (CAR) has a significant effect on variable Return on Asset (ROA) in conventional commercial banks indicated by a value of significance less than 0.05, so hypothesis 1 is accepted. 2) Loan To Deposit Ratio (LDR).has no sig...

Pengaruh Leverage, Efektivitas Asset Dan Sales Terhadap Profitabilitas Dan Pengaruhnya Pada Nilai Perusahaan Sektor Industri Komsumsi DI Bursa Efek Indonesia Periode Tahun 2014-2018

This study aims to determine and analyze the effect of leverage, asset effectiveness and sales on... more This study aims to determine and analyze the effect of leverage, asset effectiveness and sales on profitability and its effect on the company value of the consumption industry sector in the Indonesia Stock Exchange for the 2014-2018 period and to identify and analyze the variables that have a direct or indirect effect on price to book. value. This research has been conducted on the Indonesia Stock Exchange. The analytical method used in this research is quantitative method, through path analysis and SEM testing. The results of this study indicate that Debt to Equity has a significant positive effect on Return on Assets; Total Asset Turnover has a significant positive effect on Return on Assets; Sales have a significant positive effect on Return on Assets; Debt to Equity Ratio has a significant positive effect on Price to Book Value; Sales have a significant positive effect on Price to Book Value; Return on Asset has a positive effect on Price to Book Value; Debt to Equity Ratio has ...

Pengaruh Leverage Financial Dan Ukuran Perusahaan Terhadap Real Earning Management Pada Perusahaan Manufaktur

Tujuan penelitian ini yaitu untuk melakukan pengujian dan menganalisis adanya efek financial leve... more Tujuan penelitian ini yaitu untuk melakukan pengujian dan menganalisis adanya efek financial leverage dan ukuran perusahaan terhadap real earning management pada Perusahaan Manufaktur yang terdaftar di BEI. Jenis penelitian yang digunakan dalam penelitian adalah Quantitative research dengan pendekatan Causal research bertujuan untuk melihat hubungan dampak atau pengaruh dari variabel dependen dengan variabel independen yaitu dimana financial leverage dan ukuran perusahaan yang merupakan variabel bebas terhadap real earning management yang merupakan variabel dependen. Adapun populasi dalam penelitian ini yaitu seluruh propinsi yang ada di Indonesia yaitu sebanyak 50 perusahaan manufaktur dengan total sampel adalah sebanyak 150 sampel Pengujian Hipotesis dilakukan dengan menggunakan alat uji SPSS for windows 24.0. Adapun hasil penelitian menunjukan bahwa Financial Laverage berpengaruh positif dan sugnifikan terhadap Real earning management, sehingga besarnya nilaiutang dapat dijadikan...

Implementasi Pengelolaan Keuangan PTM Dalam Mendukung Good University Governance (Gug) Pada Perguruan Tinggi Muhammadiyah DI Sulawesi Selatan

The purpose of this study was to determine the implementation of financial management in PTM, the... more The purpose of this study was to determine the implementation of financial management in PTM, the application of GUG in financial management in PTM, and the efforts of PTM in implementing GUG in accordance with the rules / guidelines for financial management of the Higher Education Council of PP Muhammadiyah. This research uses qualitative research. The research object used was the financial statements of Muhammadiyah Universities (PTM) in South Sulawesi with a sample size of 5 PTMs. The instrument used in this study was the interview with the informant, then the answers from the informants were analyzed and described descriptively. The results showed that Muhammadiyah Higher Education (PTM) in South Sulawesi had implemented a financial management system based on the management guidelines for the Muhammadiyah Higher Education Council, Muhammadiyah Higher Education (PTM) in South Sulawesi had implemented Goog University Governance principles, namely in terms of financial management. ...

Pemanfaatan Media Sosial Facebook Sebagai Media Penyampaian Materi Ajar Bagi Peserta Diklat DI Balai Pendidikan Dan Pelatihan Ilmu Pelayaran (BP2IP) Barombong

COMPETITIVENESS, 2019

This study aims to find out the use of Facebook social media as a medium of delivery of teaching ... more This study aims to find out the use of Facebook social media as a medium of delivery of teaching materials, where activities in the form of delivery of teaching materials, namely uploading material with various types of files (documents, pdf, images, videos), discussions / comments, assignments and workmanship, and online replays. The informants in this study consisted of Improvement Training Participants and Instructors, both instructors who have used Facebook social media as a medium of delivery of teaching materials, and who have not utilized them. The research was conducted starting in July 2018 and ending in December 2018. This research uses qualitative approach, data collection using observation method, interview, and documentation. The results showed that instructors responded positively to the use of Facebook social media as a medium of delivery of teaching materials at BP2IP Barombong, they hope there are rules governing the use of Facebook social media. Those who have used Facebook as a medium of delivery of teaching materials, have not optimized the features on Facebook. Online replays that can be easily applied with Facebook are also still minimal in utilization. Instructors are bothered when they have to type multiple choice questions online, they prefer to give questions / assignments in the form of essays to be done by training participants and send them in the comment box on Facebook. Training participants are very enthusiastic about online learning and replays, especially when instructors are unable to attend teaching. They hope all lessons can be utilized on Facebook social media as a medium of delivery of teaching materials.

Olistostrome and the mesozoic tectonic of the bantimala complex, South Sulawesi

MATEC Web of Conferences, 2017

The study aims to determine the presences and spreads of the olistostrome as one components of th... more The study aims to determine the presences and spreads of the olistostrome as one components of the tectonic complex of Bantimala area. The basement rocks of Bantimala area is a metamorphic rocks, which are unconformably overlain by Balangbaru Formation and radiolarian chert. Beneath in between cherts and basement rocks are presence breccia schists which give rise to various presumptions and interpretations of the environment and conditions of formation as submarine deposit, ideally cherts in the area underlain by oceanic crust.Schist breccias presence underneath of cherts in the Bantimala Complexes were suggested an olistostrome deposit. It was characterized by poorly sorting, unfoliated, shows deformed textures and composed olisthtolits which are embedded in sandy matrices, and in the cherts are presence layer sandstones and schist fragments. Olistostrome is sedimentary deposit as preserved in the trench, they will give us an interpretation that prior to formed cherts in the Bantimala area, initially tectonic subduction activity which are deforming and brecciation of the basement rocks subsequently as the constituent material of olistostrome.

Potensi Rembesan Hidrokarbon Dan Pola Strukrur Geologi Di Daerah Kabupaten Barru

Jurnal Geomine, 2021

Penelitian ini dilatar belakangi oleh pentingnya informasi rembesan hidrokarbon yang dapat memban... more Penelitian ini dilatar belakangi oleh pentingnya informasi rembesan hidrokarbon yang dapat membantu dalam melakukan kajian sistem hidrokarbon sebuah wilayah, keberadaan rembesan-rembesan di permukaan bumi yang tersebar di daerah Barru belum pernah dikaji lebih mendalam. Melalui pendekatan analisis pola struktur geologi dan analisis geokimia hidrokarbon telah menyediakan informasi awal tentang keberadaan rembesan di wilayah ini. Berdasarkan pola struktur, posisi rembesan memiliki karakteristik berbeda. Lokasi Jeppee dan Kerengnge berada pada kontak litologi antara blok tektonik Barru dan batuan sedimen karbonat Formasi Tonasa, dan juga dikontrol oleh pola kelurusan struktur Baratlaut-Tenggara (NW-SE). Sedangkan rembesan di Ralla, Watu, dan Ullo dikontrol oleh pola kelurusan Baratlaut-Tenggara (NW-SE) dan berada pada batuan sedimen karbonat Formasi Tonasa. Hasil pengujian gas chromatography and mass spectrometry (GC-MS) juga memberikan indikasi berbeda yaitu: dua lokasi menunjukkan kandungan senyawa hidrokarbon dengan komposisi kandungan senyawa organik benzenediol (C8H10OS), ethanone (C7H8O3) dan benzenetriol (C6H6O3), dua lokasi merupakan rembesan gas yang ditandai oleh kandungan ethanol (C2H6O) dan phenol (C6H6O). Kehadiran senyawa alkana (heptadecane, octadecane, and nanodecane) pada sampel dari lokasi Ralla mengindikasikan potensi hidrokarbon pada daerah tersebut.

Pengaruh Karakteristik Perusahaan dan Ekonomi Makro terhadap Return Saham Syariah yang Listing di Jakarta Islamic Index

Jurnal Manajemen dan Bisnis Universitas Bandar Lampung, Apr 30, 2013

Islamic stock is a stock company in accordance with the principles of Islamic law, either on the ... more Islamic stock is a stock company in accordance with the principles of Islamic law, either on the product or its management. This study aimed to see how they affect the characteristics of the company (EPS, DER, ROA, CR) and Macroeconomics (inflation and exchange rate) to the return of Islamic stocks listed in the Jakarta Islamic Index (JII). The object of this study are all Islamic stocks listed in the Jakarta Islamic Index (JII) in the Jakarta Stock Exchange (JSX) in the period 2008 to 2012 as many as 30 listed companies and a total sample of 9 companies to pass multi shapes purposive sampling based on the availability of data during the study period and type of the data is secondary data, while the analysis method used is multiple linear regression model. The results showed that partially independent variables ROA (X3) = 2,255 and foreign exchange (X6) = 2.347 have a significantly positive effect on stock return of sharia. Meanwhile, the inflation rate (X5) =-6.133 have a significantly negative effect on stock returns of shariah. Meanwhile, the The Variable EPS (X1) =-1.875, DER (X2) =-1.819 and CR (X3) =-1.394 proved no significant effect on the stock return of shariah and the results of this study indicates that inflation is the most dominant variable affecting stock returns of shariah.

Empowering the Bunga Teratai Msmes Through the Implementation of a Digital Business Management System to Enhance Their Potential and Capabilities

JMM (Jurnal Masyarakat Mandiri), Feb 12, 2024

Adopsi teknologi digital semakin penting bagi pertumbuhan dan keberlanjutan UMKM. Namun, banyak U... more Adopsi teknologi digital semakin penting bagi pertumbuhan dan keberlanjutan UMKM. Namun, banyak UMKM menghadapi tantangan dalam memanfaatkan alat dan sistem digital secara efektif untuk manajemen bisnis mereka. Kegiatan ini bertujuan meningkatkan kemampuan pelaku UMKM dalam mengimplementasikan sistem manajemen bisnis berbasis digital. Kegiatan ini berfokus pada penguatan soft skill dan hard skill mitra UMKM. Mitra adalah kelompok Usaha Mikro "Bunga Teratai" yang telah menjalankan bisnisnya lebih dari sepuluh tahun. Ada dua permasalahan mitra yang ditangani, yaitu penguatan dan peningkatan kemampuan SDM pelaku Usaha Mikro dalam memanfaatkan teknologi digital. Pemanfaatan teknologi digital fokus pada penyusunan laporan keuangan dan strategi pemasaran berbasis digital. Pendekatan yang digunakan adalah pelatihan partisipatif dan pendampingan. Metode pelaksanaan dengan Adaptive Collaboration Management (ACM). Evaluasi keberhasilan kegiatan dilakukan melalui tiga tahapan, yakni evaluasi awal, evaluasi formatif dan evaluasi akhir. Indikator keberhasilan diukur dengan meningkatnya kemampuan SDM, implementasi sistem manajemen bisnis berbasis digital dan keberlanjutannya. Hasil kegiatan ini adalah meningkatnya kemampuan mitra dalam mengimplementasikan sistem manajemen bisnis berbasis digital.

The Effects 0f Capital Structure and Profitability on the Value of Registered Pharmaceutical Sector Manufacturing Companies Indonesian Stock Exchange

Capital Structure; The value of the company; Manufacturing companies This research aims to invest... more Capital Structure; The value of the company; Manufacturing companies This research aims to investigate the influence of capital structure and profitability variables on the company value within the pharmaceutical sector, focusing on firms listed on the Indonesia Stock Exchange from 2016 to 2020. The study encompasses all Manufacturing Companies in the Pharmaceutical Sector listed on the IDX during this period, with a purposive sampling method selecting 11 companies. Utilizing a descriptive verification approach with a quantitative methodology, the research involved analyzing data through validity testing, multiple linear regression analysis, and hypothesis testing using the t-test. The findings revealed that the capital structure, represented by DAR, exhibited a substantial and meaningful impact on firm value. On the other hand, the study found that profitability, as proxied by ROA, did not exert any significant influence on firm value. These outcomes shed light on the intricate dynamics within the pharmaceutical sector, emphasizing the significance of capital structure in determining firm value while indicating that profitability, as measured by ROA, may not be a sole determinant of firm value in this context. Further research could delve into exploring additional variables and their potential impact on company value within this sector.

JURNAL RISET ILMU EKONOMI

The deceleration of the global economy resulted in a significant decline in world commodity price... more The deceleration of the global economy resulted in a significant decline in world commodity prices, especially coal. The decline in these commodities made the stock price of the coal subsector decline. This study aims to analyze the accuracy of William's moving average and fractal indicator prediction signals with actual results on stock charts. The method used in this study is the Mann Whitney test. The study's conclusions show that the use of both technical analysis indicators to predict the direction of changes or movements in stock prices produces accurate findings, with predictive signals from fractal indicators and moving averages not much different from each other. Based on the accuracy rates of 87% and 85% respectively for William's fractals and moving averages, it can be concluded that William's fractal indicator is significantly more reliable than moving averages in predicting buy and sell signals for mining stock. Based on the findings of this study, both short-and long-term investors can benefit from using the Williams fractal indicator to predict future price trends and identify when to buy and sell stocks to maximize profits.

EMPOWERING THE BUNGA TERATAI MSMES THROUGH THE IMPLEMENTATION OF A DIGITAL BUSINESS MANAGEMENT SYSTEM TO ENHANCE THEIR POTENTIAL AND CAPABILITIES

Nurlina, Asri Jaya dkk, 2024

banyak UMKM menghadapi tantangan dalam memanfaatkan alat dan sistem digital secara efektif untuk... more banyak UMKM menghadapi tantangan dalam memanfaatkan alat dan sistem digital
secara efektif untuk manajemen bisnis mereka. Kegiatan ini bertujuan meningkatkan kemampuan
pelaku UMKM dalam mengimplementasikan sistem manajemen bisnis berbasis digital. Kegiatan
ini berfokus pada penguatan soft skill dan hard skill mitra UMKM. Mitra adalah kelompok Usaha
Mikro ”Bunga Teratai” yang telah menjalankan bisnisnya lebih dari sepuluh tahun. Ada dua
permasalahan mitra yang ditangani, yaitu penguatan dan peningkatan kemampuan SDM pelaku
Usaha Mikro dalam memanfaatkan teknologi digital. Pemanfaatan teknologi digital fokus pada
penyusunan laporan keuangan dan strategi pemasaran berbasis digital. Pendekatan yang
digunakan adalah pelatihan partisipatif dan pendampingan. Metode pelaksanaan dengan Adaptive
Collaboration Management (ACM). Evaluasi keberhasilan kegiatan dilakukan melalui tiga
tahapan, yakni evaluasi awal, evaluasi formatif dan evaluasi akhir. Indikator keberhasilan diukur
dengan meningkatnya kemampuan SDM, implementasi sistem manajemen bisnis berbasis digital
dan keberlanjutannya. Hasil kegiatan ini adalah meningkatnya kemampuan mitra dalam
mengimplementasikan sistem manajemen bisnis berbasis digital.

COD-based Sales Productivity for Business Users in Makassar

Proceedings of the 3rd International Conference of Business, Accounting, and Economics, ICBAE 2022, 10-11 August 2022, Purwokerto, Central Java, Indonesia

This research is a qualitative descriptive study that tries to build a complex phenomenon in a ce... more This research is a qualitative descriptive study that tries to build a complex phenomenon in a certain context, with intensity, patterns of technology use, and social impacts that cannot be clearly separated where the phenomenon takes place (Basuki, 2016). The data were obtained by conducting surveys and interviews with 9 (nine) informants. Selection of informants with criteria; 1). SMEs that applies e-commerce, 2). Consumers who applied e-commerce, 3). MSMEs and consumers who did a transact with cash on delivery (COD)-based ecommerce, and 4). Consumers were domiciled in Makassar City. The results of research and interviews showed that sales already increased after the COD-based business strategy was used and this was proven by the increase in sales volume and operating income during the pandemic.

Pemetaan Potensi Desa Melalui Business Model Canvas Untuk Pengelolaan Bumdes

JMM (Jurnal Masyarakat Mandiri)

Abstrak: Permasalahan mitra pada pengabdian ini, yaitu pengurus Badan Usaha Milik Desa (BUMdes) d... more Abstrak: Permasalahan mitra pada pengabdian ini, yaitu pengurus Badan Usaha Milik Desa (BUMdes) di Kecamatan Toili Kabupaten Banggai belum memiliki konsep pemetaan bisnis dalam menentukan potensi bisnisnya, tujuan program pengabdian ini memberikan pelatihan dan pendampingan pemetaan potensi bisnis dengan menggunakan konsep Business Model Canvas (BMC). Metode yang digunakan berupa workshop dengan memberikan pelatihan dan pendampingan penyusunan BMC untuk menentukan pemetaan potensi bisnis dengan menentukan karakteristik dan value bisnisnya. Mitra pengabdian yaitu kepala desa dan pengurus BUMDes, dengan jumlah peserta sebanyak 14 orang yang merupakan wakil dari 8 desa. Hasil analisis evaluasi peserta menunjukkan 66% peserta mampu menggambarkan potensi desanya masing-masing; keaktifan dalam mengikuti pemaparan materi 94% dan 78% peserta dapat membuat konsep dan memetakan potensi bisnisnya melalui tehnik BMC; 75% peserta telah memahami penggunaan laporan keuangan dalam pengelolaan BUMDe...

Kebijakan Hutang Terhadap Nilai Perusahaan Sektor Consumer Goods Yang Terdaftar Di Index LQ45

Ekombis sains: jurnal ekonomi, keuangan dan bisnis, Mar 20, 2022

Penelitian ini memiliki tujuan untuk mengetahui pengaruh kebijakan utang terhadap nilai perusahaa... more Penelitian ini memiliki tujuan untuk mengetahui pengaruh kebijakan utang terhadap nilai perusahaan pada sektor consumer goods yang terdaftar di indeks LQ45 periode 2015 sampai 2020. Populasi dalam penelitian ini adalah perusahaan pada sector consumer goods yang terdaftar di indeks LQ45 dan terdaftar di Bursa Efek Indonesia(BEI). Metode pemilihan sampel menggunakan purposive sampling. Penelitian ini menggunakan metode kuantitatif. Data yang digunakan dalam penelitian ini menggunakan data sekunder berupa laporan keuangan tahunan perusahaan. Berdasarkan hasil uji hipotesis dengan menggunakan analisis regresi linear sederhana menunjukkan bahwa kebijakan utang memperoleh nilai t hitung sebesar 10,244 dengan tingkat sig sebesar 0,000. Sementara nilai t tabel sebesar 2,501 dengan tingkat probabilitas 0,05. Dengan demikian dapat dinyatakan bahwa kebijakan utang berpengaruh signifikan terhadap nilai perusahaan. Artinya peningkatan penggunaan utang dalam perusahaan akan meningkatkan nilai perusahaan.

Analysis of Optimal Portfolio Formation Using Single Index Model on Stocks Included in the LQ 45 Market Index on the Indonesia Stock Exchange

Atma Jaya Accounting Research, Aug 31, 2022

Investigating Islamic Financial Market: a Study in Jakarta Islamic Index

International Journal of Religious and Cultural Studies

This study aims to determine the effect of the current ratio (CR), debt-toequity ratio (DER), ret... more This study aims to determine the effect of the current ratio (CR), debt-toequity ratio (DER), return on equity (ROE), and earnings per share (EPS) on the stock prices of companies listed on the Jakarta Islamic Index (JII) for the 2016-2016 period. 2020. By employing a descriptive quantitative approach, and secondary data collected, a multiple linear regression analysis was conducted. The results of the study found that: the current ratio (CR) has a positive and significant effect on the stock prices of companies listed in JII, and the debt-to-equity ratio (DER) has no effect on the stock prices of companies listed on JII. Meanwhile, ROE has a positive and significant effect on the stock price of companies listed on JII and EPS has a positive and significant effect on the stock prices of companies listed on JII.

Analisis Komporasi Tingkat Pengembalian, Risiko Dan Koefisien Variasi Pada Saham Syariah Dan Saham Konvensional DI LQ45

Ar-Ribh : Jurnal Ekonomi Islam

This study aims to examine the comparison of returns, risks and coefficient of variation in shari... more This study aims to examine the comparison of returns, risks and coefficient of variation in sharia and conventional companies in LQ45. The sample collection method uses the Purpose Sampling method, namely the selection of samples based on certain criteria so that each of the 4 Islamic and conventional shares is obtained. The technique used is the independent sample T test. Based on the results of the study indicate that there is no significant difference between the rate of return, risk and coefficient of variation in Islamic and conventional companies in LQ45Keywords: Returns, Risk, Variation Coefficient, Sharia Shares, Conventional Shares, LQ 45

Analysis of Cash Round and Receivables Towards Liquidity of PT. Telecommunication Indonesia Tbk

Accounts receivable turnover is high in a company is a condition of capital that will be higher a... more Accounts receivable turnover is high in a company is a condition of capital that will be higher and can be said to be liquid. High accounts receivable turnover will cause the company's capital to increase so that the company can be said to be liquid and vice versa if the receivables turnover is low it will cause the company's capital to decrease, so that the company is said to be illiquid. The cash flow statement is a tool to measure the level of liquidity of a company. Cash flow information is useful for assessing the ability of a company to generate cash flow. Cash flow forms the basis for company management to make decisions about whether to pay dividends to shareholders or to maintain funds and for future expansion and growth of the company. Liquidity is really needed by companies as a guarantee of fulfillment of short-term obligations. Management of current assets effectively and efficiently is very important for a company in order to maintain its liquidity, which plays...

Pengaruh Corporate Action Terhadap Pengambilan Keputusan Dalam Pembelian Saham (Studi Pada Investor DI Kota Makassar)

INVOICE : JURNAL ILMU AKUNTANSI, 2020

This research uses quantitative methods. This study aims to examine and see the effect of Corpora... more This research uses quantitative methods. This study aims to examine and see the effect of Corporate Action consisting of dividends, right issues and stock split on decision making in purchasing shares. This study uses multiple regression analysis using a sample of 80 respondents, namely investors in the city of Makassar. The analytical tool used is the SPSS version 20 program. The results of this study are dividend variables that positively and significantly influence investors 'decision making in buying shares, right issue variables that are positive but not significant, although positive right issues do not affect investors' decision making in buying shares because they are not significant to decision making, Stock split variables are positive but not significant, although positive stock split does not affect investor decision making in buying shares because it is not significant to decision making

Pengaruh Rasio Keuangan Terhadap Kinerja Bank Umum Konvensional Periode 2014-2019

The purpose of this study was to test: 1) the influence of CAR on ROA in Conventional Commercial ... more The purpose of this study was to test: 1) the influence of CAR on ROA in Conventional Commercial Banks, 2) the influence of LDR on ROA on Conventional Commercial Banks, 3) the influence of NIM on ROA in Conventional Commercial Banks. Data collection method using non participant observation method is by documenting all data required in this research as stated in the Indonesian Banking Statistics Report for the period of 2014 - 2019 which is available on the OJK website. The data analysis method in this study used multiple linear regression analysis to obtain a comprehensive picture of the influence between independent variables (CAR, LDR, NIM) and dependent variables (ROA) using the SPSS for Window program. The results showed the following: 1) Capital Adequacy Ratio (CAR) has a significant effect on variable Return on Asset (ROA) in conventional commercial banks indicated by a value of significance less than 0.05, so hypothesis 1 is accepted. 2) Loan To Deposit Ratio (LDR).has no sig...

Pengaruh Leverage, Efektivitas Asset Dan Sales Terhadap Profitabilitas Dan Pengaruhnya Pada Nilai Perusahaan Sektor Industri Komsumsi DI Bursa Efek Indonesia Periode Tahun 2014-2018

This study aims to determine and analyze the effect of leverage, asset effectiveness and sales on... more This study aims to determine and analyze the effect of leverage, asset effectiveness and sales on profitability and its effect on the company value of the consumption industry sector in the Indonesia Stock Exchange for the 2014-2018 period and to identify and analyze the variables that have a direct or indirect effect on price to book. value. This research has been conducted on the Indonesia Stock Exchange. The analytical method used in this research is quantitative method, through path analysis and SEM testing. The results of this study indicate that Debt to Equity has a significant positive effect on Return on Assets; Total Asset Turnover has a significant positive effect on Return on Assets; Sales have a significant positive effect on Return on Assets; Debt to Equity Ratio has a significant positive effect on Price to Book Value; Sales have a significant positive effect on Price to Book Value; Return on Asset has a positive effect on Price to Book Value; Debt to Equity Ratio has ...

Pengaruh Leverage Financial Dan Ukuran Perusahaan Terhadap Real Earning Management Pada Perusahaan Manufaktur

Tujuan penelitian ini yaitu untuk melakukan pengujian dan menganalisis adanya efek financial leve... more Tujuan penelitian ini yaitu untuk melakukan pengujian dan menganalisis adanya efek financial leverage dan ukuran perusahaan terhadap real earning management pada Perusahaan Manufaktur yang terdaftar di BEI. Jenis penelitian yang digunakan dalam penelitian adalah Quantitative research dengan pendekatan Causal research bertujuan untuk melihat hubungan dampak atau pengaruh dari variabel dependen dengan variabel independen yaitu dimana financial leverage dan ukuran perusahaan yang merupakan variabel bebas terhadap real earning management yang merupakan variabel dependen. Adapun populasi dalam penelitian ini yaitu seluruh propinsi yang ada di Indonesia yaitu sebanyak 50 perusahaan manufaktur dengan total sampel adalah sebanyak 150 sampel Pengujian Hipotesis dilakukan dengan menggunakan alat uji SPSS for windows 24.0. Adapun hasil penelitian menunjukan bahwa Financial Laverage berpengaruh positif dan sugnifikan terhadap Real earning management, sehingga besarnya nilaiutang dapat dijadikan...

Implementasi Pengelolaan Keuangan PTM Dalam Mendukung Good University Governance (Gug) Pada Perguruan Tinggi Muhammadiyah DI Sulawesi Selatan

The purpose of this study was to determine the implementation of financial management in PTM, the... more The purpose of this study was to determine the implementation of financial management in PTM, the application of GUG in financial management in PTM, and the efforts of PTM in implementing GUG in accordance with the rules / guidelines for financial management of the Higher Education Council of PP Muhammadiyah. This research uses qualitative research. The research object used was the financial statements of Muhammadiyah Universities (PTM) in South Sulawesi with a sample size of 5 PTMs. The instrument used in this study was the interview with the informant, then the answers from the informants were analyzed and described descriptively. The results showed that Muhammadiyah Higher Education (PTM) in South Sulawesi had implemented a financial management system based on the management guidelines for the Muhammadiyah Higher Education Council, Muhammadiyah Higher Education (PTM) in South Sulawesi had implemented Goog University Governance principles, namely in terms of financial management. ...

Pemanfaatan Media Sosial Facebook Sebagai Media Penyampaian Materi Ajar Bagi Peserta Diklat DI Balai Pendidikan Dan Pelatihan Ilmu Pelayaran (BP2IP) Barombong

COMPETITIVENESS, 2019

This study aims to find out the use of Facebook social media as a medium of delivery of teaching ... more This study aims to find out the use of Facebook social media as a medium of delivery of teaching materials, where activities in the form of delivery of teaching materials, namely uploading material with various types of files (documents, pdf, images, videos), discussions / comments, assignments and workmanship, and online replays. The informants in this study consisted of Improvement Training Participants and Instructors, both instructors who have used Facebook social media as a medium of delivery of teaching materials, and who have not utilized them. The research was conducted starting in July 2018 and ending in December 2018. This research uses qualitative approach, data collection using observation method, interview, and documentation. The results showed that instructors responded positively to the use of Facebook social media as a medium of delivery of teaching materials at BP2IP Barombong, they hope there are rules governing the use of Facebook social media. Those who have used Facebook as a medium of delivery of teaching materials, have not optimized the features on Facebook. Online replays that can be easily applied with Facebook are also still minimal in utilization. Instructors are bothered when they have to type multiple choice questions online, they prefer to give questions / assignments in the form of essays to be done by training participants and send them in the comment box on Facebook. Training participants are very enthusiastic about online learning and replays, especially when instructors are unable to attend teaching. They hope all lessons can be utilized on Facebook social media as a medium of delivery of teaching materials.

Olistostrome and the mesozoic tectonic of the bantimala complex, South Sulawesi

MATEC Web of Conferences, 2017

The study aims to determine the presences and spreads of the olistostrome as one components of th... more The study aims to determine the presences and spreads of the olistostrome as one components of the tectonic complex of Bantimala area. The basement rocks of Bantimala area is a metamorphic rocks, which are unconformably overlain by Balangbaru Formation and radiolarian chert. Beneath in between cherts and basement rocks are presence breccia schists which give rise to various presumptions and interpretations of the environment and conditions of formation as submarine deposit, ideally cherts in the area underlain by oceanic crust.Schist breccias presence underneath of cherts in the Bantimala Complexes were suggested an olistostrome deposit. It was characterized by poorly sorting, unfoliated, shows deformed textures and composed olisthtolits which are embedded in sandy matrices, and in the cherts are presence layer sandstones and schist fragments. Olistostrome is sedimentary deposit as preserved in the trench, they will give us an interpretation that prior to formed cherts in the Bantimala area, initially tectonic subduction activity which are deforming and brecciation of the basement rocks subsequently as the constituent material of olistostrome.

Potensi Rembesan Hidrokarbon Dan Pola Strukrur Geologi Di Daerah Kabupaten Barru

Jurnal Geomine, 2021

Penelitian ini dilatar belakangi oleh pentingnya informasi rembesan hidrokarbon yang dapat memban... more Penelitian ini dilatar belakangi oleh pentingnya informasi rembesan hidrokarbon yang dapat membantu dalam melakukan kajian sistem hidrokarbon sebuah wilayah, keberadaan rembesan-rembesan di permukaan bumi yang tersebar di daerah Barru belum pernah dikaji lebih mendalam. Melalui pendekatan analisis pola struktur geologi dan analisis geokimia hidrokarbon telah menyediakan informasi awal tentang keberadaan rembesan di wilayah ini. Berdasarkan pola struktur, posisi rembesan memiliki karakteristik berbeda. Lokasi Jeppee dan Kerengnge berada pada kontak litologi antara blok tektonik Barru dan batuan sedimen karbonat Formasi Tonasa, dan juga dikontrol oleh pola kelurusan struktur Baratlaut-Tenggara (NW-SE). Sedangkan rembesan di Ralla, Watu, dan Ullo dikontrol oleh pola kelurusan Baratlaut-Tenggara (NW-SE) dan berada pada batuan sedimen karbonat Formasi Tonasa. Hasil pengujian gas chromatography and mass spectrometry (GC-MS) juga memberikan indikasi berbeda yaitu: dua lokasi menunjukkan kandungan senyawa hidrokarbon dengan komposisi kandungan senyawa organik benzenediol (C8H10OS), ethanone (C7H8O3) dan benzenetriol (C6H6O3), dua lokasi merupakan rembesan gas yang ditandai oleh kandungan ethanol (C2H6O) dan phenol (C6H6O). Kehadiran senyawa alkana (heptadecane, octadecane, and nanodecane) pada sampel dari lokasi Ralla mengindikasikan potensi hidrokarbon pada daerah tersebut.

The Impact of Financial Literacy and Investor Behavior on Investment Decision Making in the Capital Market

EAI, 2024

This study explores how investor behavior and financial literacy influence capital market investm... more This study explores how investor behavior and financial literacy influence capital market investment decisions. Using a quantitative approach, the study collects data via questionnaires from investors registered at the IDX investment gallery of Muhammadiyah University of Makassar. Purposive sampling is applied to select individuals actively investing in the capital market. Multiple linear regression analysis, conducted with SPSS software, is used for data analysis. Results reveal a positive and significant effect of financial literacy on investment decisions, as indicated by a significant value of 0.000 < 0.05 and a t-value of 4.201, exceeding the t-table value of 1.985. Additionally, investor behavior characteristics positively and significantly impact investment choices, with a t-value of 5.448, also greater than 1.985, and a significant level of 0.000. Thus, both financial literacy and investor behavior play crucial roles in shaping investment decisions.