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PENGARUH PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN LEVERAGE SEBAGAI VARIABEL MODERATING PADA PERUSAHAAN SUB SEKTOR FARMASI YANG TERDAFTAR DI BURSA EFEK INDONESIA Siallagan, Maria Emas P.; Siahaan, Yansen; Jubi, Jubi; Inrawan, Ady
SULTANIST: Jurnal Manajemen dan Keuangan Vol 6, No 2 (2018): Desember: 2018
Publisher : Sekolah Tinggi Ilmu Ekonomi Sultan Agung Pematangsiantar

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Abstract

The purposes of this research are to know the description of profitability, firm value, and leverage, to determine the effect of profitability on the value and to determine leverage ability to moderated profitability reletionships with firm value  at  Farmasi Sub-Sector Company listed on the Indonesia Stock Exchange. The research was conducted with qualitative descriptive analysis method and quantitative descriptive analysis. The data are collected  by using documentation method. The analysis technique used simple linear regression, moderation regression, correlation coefficient, determination coefficient and hypothesis test. Data are analysed with the help of SPSS version 20.          The results of this research be summarized as follows: 1. Average ROE fluctuated and tended to decline, the average DER fluctuated and tended to increase, and the average PBV fluctuated and tended to increase. 2. The results of simple linear regression test showed that profitability has negative effect on firm value. 3. The results of the moderation regression test showed that leverage weakens the profitability relationship with the value. 4. The results of testing the first hypothesis can be concluded that profitability has a negative effect not significant on firm value. 5. The results of the second hypothesis test can be concluded that leverage is  able to moderate the relationship between profitability and firm value.The research suggest that companies increase sales to optimize profits, use debt to increase company productivity, control the existing management of the company and distribute dividend to shareholders.
PENGARUH LIKUIDITAS, UKURAN PERUSAHAAN DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SUB SEKTOR KERAMIK PORSELIN DAN KACA YANG TERDAFTAR DI BURSA EFEK INDONESIA Br Nainggolan, Jenny Frida; Siahaan, Yansen; Jubi, Jubi; Inrawan, Ady
SULTANIST: Jurnal Manajemen dan Keuangan Vol 6, No 2 (2018): Desember: 2018
Publisher : Sekolah Tinggi Ilmu Ekonomi Sultan Agung Pematangsiantar

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Abstract

The purpose of this study is 1. To determine the liquidity, company size, profitability and value of the company in the Ceramic, Porcelain and Glass Sub-Sector Companies listed on the Indonesia Stock Exchange. 2. To determine the effect of liquidity, company size, profitability and firm value on the Ceramic, Porcelain and Glass Sub-Sector Companies listed on the Indonesia Stock Exchange both simultaneously and partially. This research was conducted using quantitative descriptive analysis and quantitative descriptive analysis. The object of the research is the Ceramic, Porcelain and Glass Sub-Sector Company listed on the Indonesia Stock Exchange. Data collection is done by documentation method. The analysis technique used is the classical assumption test, multiple linear regression analysis correlation coefficient, determination coefficient, hypothesis testing. This analysis was carried out using the IBM SPSS Statistic Program version 21.0.The results of this research can be concluded as follows: 1. Overall average value of Current Ratio (CR) fluctuates tends to increase 2. overall the average value of size has fluctuated tends to increase. 3. overall the average value of Return on Assets (ROA) fluctuates but tends to decrease. 4. F test found that simultaneously the magnitude of Fcount> Ftable of H0 is rejected, meaning that liquidity, firm size, and profitability have no significant effect on the value of the company in the Ceramic, Porcelain and Glass Sub-Sector Company listed on the Indonesia Stock Exchange in 2013-2017 .
ANALISIS LIKUIDITAS, SOLVABILITAS DAN KEBIJAKAN DIVIDEN DAPAT MENINGKATKAN NILAI PERUSAHAAN PADA PT KEBELINDO MURNI,Tbk YANG TERDAFTAR DI BURSA EFEK INDONESIA Pardede, Demak Aldi; Jubi, Jubi; Inrawan, Ady; Putri, Juan Anastasia
SULTANIST: Jurnal Manajemen dan Keuangan Vol 7, No 1 (2019): Juni: 2019
Publisher : Sekolah Tinggi Ilmu Ekonomi Sultan Agung Pematangsiantar

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Abstract

The purpose of this study are: 1. To find out an overview of liquidity, solvency, dividend policy and company value in PT Kabelindo Murni, Tbk, which is listed on the Indonesia Stock Exchange. 2. To find out what factors cause company value in PT Kabelindo Murni, Tbk to increase.               The author's research was conducted using qualitative descriptive analysis techniques, comparative analysis techniques and inductive analysis techniques. The type of data in the study are qualitative data and quantitative data. The data source used is secondary data. Data collection in research is documentation techniques.               The results of this study concluded 1. The average value of liquidity with the parameter Current Ratio (CR) fluctuates and tends to increase, but the increase in current assets was followed by an analysis with a decrease in the value of current liabilities. 2. The average solvency value with the parameters Debt to Asset Ratio (DAR) fluctuates and tends to decrease, this is due to a decrease in debt which is higher than the decrease in the total assets of the company. 3. Dividend Policy (DPR) experienced fluctuations and tended to increase. This was caused by an increase in dividends per share while there was a decrease in earnings per share. 4. The company value with PBV parameters fluctuates and tends to increase, this is due to an increase in stock prices higher than the increase in book value per share.               Suggestions for this research are: It is better for companies to add working capital by making long-term debt to buy inventory that can increase sales, it is best for companies to increase sales and reduce operating expenses so that profits can increase and increasing profits can increase EPS so that the DPR can be controlled, it is best for companies to increase profits by increasing sales and streamlining operating expenses. Increasing profit can be used as working capital of the company. Keywords : Liquidity Analysis, Solvability, Dividend Policy and  Company Value
EFEKTIVITAS PENGELOLAAN ALOKASI DANA DESA DALAM MENINGKATKAN PEMBANGUNAN FISIK DESA KARANG SARI KECAMATAN GUNUNG MALIGAS KABUPATEN SIMALUNGUN Prihana, Noni; Siahaan, Yansen; Inrawan, Ady; Nainggolan, Christine Dewi
SULTANIST: Jurnal Manajemen dan Keuangan Vol 6, No 2 (2018): Desember: 2018
Publisher : Sekolah Tinggi Ilmu Ekonomi Sultan Agung Pematangsiantar

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Abstract

AbstractThe objectives of this research are: 1. To find out the general description of the Village Fund Allocation management in the physical development of Karang Sari Village, Gunung Maligas District, Simalungun Regency. 2. To determine the effectiveness of the management of Village Fund Allocation in the physical development of Karang Sari Village, Gunung Maligas District, Simalungun Regency.This research uses field research and library research. Data collection in this research were questionnaires and documentation. Respondents in this research were several Village Consultative Bodies and village communities who understood the allocation of village funds in Karang Sari Village, Gunung Maligas District, Simalungun Regency. The analysis technique used is qualitative descriptive analysis and inductive analysis.The results of this research can be concluded that the physical development of Karang Sari Village, Gunung Maligas District, Simalungun District has been said to be effective. The physical development of Karang Sari Village has been carried out based on mutual agreement and deliberation. As well, Management of village fund allocation has been based on the principles of planning, implementation and supervision.The suggestion of the results of this research that the Karang Sari Village Government needs to develop some future development and socialize the allocation of village funds to all levels of society in Karang Sari Village, Gunung Maligas District, Simalungun Regency
ANALISIS LAPORAN KEUANGAN UNTUK MENILAI KINERJA KEUANGAN PADA PT MAYORAN INDAH,Tbk YANG TERDAFTAR DI BURSA EFEK INDONESIA Sitorus, Fauziyah; Siregar, Liper; Inrawan, Ady; Nainggolan, Christine
SULTANIST: Jurnal Manajemen dan Keuangan Vol 7, No 1 (2019): Juni: 2019
Publisher : Sekolah Tinggi Ilmu Ekonomi Sultan Agung Pematangsiantar

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The purpose of this research are : 1. Know the description of the company,s financial performance at PT Mayora Indah, Tbk. 2. To find out what factors caused Mottled financial performance at PT Mayora Indah, Tbk tend to increase. The research was conducted using qualitative, descriptive methods of analysis, methods of trend and inductive methods. The research of the data is qualitative and quantitative data. The data of this research is used secondary data. Data collection is used by the method of documentation.            The results of this research can be summed up as follows: 1. Trend quick ratio has increased. Trend in the Debt to asset Ratio has increased. Total Assets Turn over trend has increased. The trend of Return On Assets (ROA), Return On Equity (ROE), the Net Profit Margin (NPM) experienced an increase in the company's financial performance so that it can be said better. 2. The factors that lead to good performance is the business accounts receivable, short term loans, increased sales and inventory.            The results of the analysis suggest that PT Mayora Indah, Tbk We recommend you be cautious in doing short term loans. In addition the company should improve the effectiveness of the management of inventory. Should the company optimizes the management of accounts receivable in order to collect the accounts receivable business to the company. We recommend that you keep the company sales activity is stable so that the company obtained more optimal net profit margin.
PENGARUH EKUITAS MEREK DAN WORD OF MOUTH TERHADAP KEPUTUSAN PEMBELIAN SMARTPHONE OPPO (SURVEI PADA MAHASISWA STIE SULTAN AGUNG SEMESTER VI TAHUN AKADEMIK 2016/2017) Manurung, Ganda; Lie, Darwin; Butarbutar, Marisi; Inrawan, Ady
JURNAL MANAJEMEN MAKER STIE SULTAN AGUNG Vol 4, No 2 (2018): DESEMBER 2018
Publisher : Sekolah Tinggi Ilmu Ekonomi (STIE) SULTAN AGUNG

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (396.952 KB) | DOI: 10.37403/maker.v4i2.96

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The result of this research: 1. Brand equity, word of mouth and purchasing decisions already high. 2. The results of the regression analysis is Ŷ = 8,177 + 0,724X1 + 0,255X2, means this research have positive between of the brand equity and word of mouth on consumer purchasing decisions. 3. The results of correlation analysis obtained by r = 0,813 , it mean there is a high correlation and positive between the brand equity and word of mouth, to consumer purchasing. Purchasing decisions are influenced by the brand equity and word of mouth of 66.2%. 4. The hypothesis of research H0 is rejected and Ha is accepted, it means that the brand equity and word of mouth positive and significant effect of the purchase on the Oppo smartphone either simultaneously or partial. As for the suggestion of this research is to increase brand equity, the need for sophisticated feature innovations in accordance with the wishes of consumers selfie features with the quality front camera which is very nice as well as the resolution of the camera that is large enough for the sake of who were the selfie. To preserve the word of mouth on the Oppo smartphone, then spread information or promotion through advertising in prime time hours, preferably with a more interesting advertising concept that users increasingly Oppo smartphone products. Whereas, to maintain the increasing konsumenn purchasing decisions, by making innovations in presenting a unique design and specification put forward in order to get the attention of consumers. Keywords: Product Quality, Price, and Consumer Satisfaction.
PENGARUH KOMITMEN PEGAWAI DAN DISIPLIN KERJA TERHADAP KINERJA PEGAWAI PADA DINAS KOPERASI, USAHA KECIL MENENGAH DAN PERDAGANGAN KOTA PEMATANGSIANTAR Mustika, Widya; Lie, Darwin; Efendi, Efendi; Inrawan, Ady
JURNAL MANAJEMEN MAKER STIE SULTAN AGUNG Vol 5, No 1 (2019): JUNI 2019
Publisher : Sekolah Tinggi Ilmu Ekonomi (STIE) SULTAN AGUNG

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (322.074 KB) | DOI: 10.37403/maker.v5i1.111

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The results of this study can summarized as follows: 1. Employee commitment is moderately high correlation, work discipline and employee performance are good. 2. The results of multiple linear regression indicate a positive influence between employee commitment and work discipline on employee performance. 3. The results of the analysis of the correlation coefficient have a moderately high and positive correlation between employee commitment, work discipline and employee performance at Dinas Koperasi, Usaha Kecil Menengah dan Perdagangan Pematangsiantar. 4. The hypothesis test results stated that H0 was rejected, meaning that employee commitment and work discipline had a positive and significant effect on the performance of employees at Dinas Koperasi, Usaha Kecil Menengah dan Perdagangan Pematangsiantar both simultaneously and partially.Keywords: Employee Commitment, Work Discipline, and Employee Performance
ANALISIS PERANAN RASIO AKTIVITAS DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN PADA PT KALBE FARMA, Tbk. YANG TERDAFTAR DI BURSA EFEK INDONESIA Nurleli, Merry; Tarigan, Parman; jubi, jubi; Inrawan, Ady
JURNAL AKUNTANSI FINANCEIAL STIE SULTAN AGUNG Vol 2, No 1 (2016): JUNI
Publisher : JURNAL AKUNTANSI FINANCEIAL STIE SULTAN AGUNG

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Tujuan dari penelitian ini adalah : 1) Untuk mengetahui gambaran rasio aktivitas, profitabilitas dan nilai perusahaan pada PT Kalbe Farma, Tbk yang terdaftar di Bursa Efek Indonesia 2) Untuk mengetahui peranan rasio aktivitas dan profitabilitas terhadap nilai perusahaan pada PT Kalbe Farma, Tbk yang terdaftar di Bursa Efek Indonesia. Teknik analisa data yang dipergunakan dalam penelitian ini adalah analisis deskriptif, analisis komparatif.Hasil penelitian ini adalah : 1)  Nilai TATO tertinggi adalah pada tahun 2010 yaitu 1,454 kali, nilai TATO terendah adalah pada tahun 2011 yaitu 1,318 kali. Nilai ROA tertinggi adalah pada tahun 2010 yaitu 0,191 kali, nilai ROA terendah adalah pada tahun 2009 yaitu 0,162 kali. Nilai MBR tertinggi adalah pada tahun 2014 yaitu 8,738 kali, nilai MBR terendah adalah pada tahun 2009 yaitu 0,551 kali  2)  Secara keseluruhan trend Rasio Aktivitas cenderung stabil sedangkan Nilai Perusahaan mengalami peningkatan, hal yang sama juga terjadi pada trend  Profitabilitas yang cenderung stabil namun Nilai Perusahaan mengalami peningkatan.
PENGARUH LEVERAGE DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL MODERATING PADA PERUSAHAAN SUB SEKTOR PROPERTY DAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA Simanjuntak, Tio Friska; Siahaan, Yansen; Inrawan, Ady; Supitriyani, Supitriyani
JURNAL AKUNTANSI FINANCEIAL STIE SULTAN AGUNG Vol 5, No 1 (2019): Juni
Publisher : JURNAL AKUNTANSI FINANCEIAL STIE SULTAN AGUNG

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Abstract

The aim of this research are to determine: 1. The description of leverage, profitability, dividend policy and firm value. 2. The effect of leverage and profitability on firm value either simultaneously or partially. 3. The ability of dividend policy to moderated leverage and profitability relationship with firm value at Sub Sector Property and Real Estate on The Indonesia Stock Exchange partially.          The result of the research can be summarized as follows: 1. Leverage, profitability, dividend policy and firm value has decreased. 2. The results of multiple linear regression test without moderating is known that leverage and profitability has a positive effect on firm value. 3. The results of multiple linear regression test with moderating variable is known that dividend policy weakens the relationship of leverage with firm value, while dividend policy strengthens the relationship of profitability with firm value. 4. The results of the first hypothesis test can be concluded that leverage and profitability have significant effect on firm value either simultaneously and partially. 5. The second hypothesis test results can be concluded that partially dividend policy can moderate but has no significant relationship of leverage with firm value while dividend policy can moderate has significant relationship of profitability with firm value.          This research suggest that company should manage assets efficiently, increase company profit, and increase dividend distribution so that firm value will also increase. Keywords: Leverage, Profitability, Dividend Policy and Firm Value
PENGARUH LIKUIDITAS DAN LEVERAGE TERHADAP PROFITABILITAS PADA PERUSAHAAN SUB SEKTOR PERTAMBANGAN BATUBARA YANG TERDAFTAR DI BURSA EFEK INDONESIA Pratiwi, Dewi; Lie, Darwin; Jubi, Jubi; Inrawan, Ady
JURNAL AKUNTANSI FINANCEIAL STIE SULTAN AGUNG Vol 4, No 1 (2018): Juni
Publisher : JURNAL AKUNTANSI FINANCEIAL STIE SULTAN AGUNG

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Abstract

AbstrakTujuan dari penelitian ini adalah untuk mengetahui gambaran likuiditas, leverage, dan profitabilitas serta pengaruh likuiditas dan leverage terhadap profitabilitas pada Perusahaan Sub Sektor Pertambangan Batubara yang terdaftar di Bursa Efek Indonesia. Desain penelitian yang digunakan adalah penelitian kepustakaan. Teknik analisis data yang digunakan dalam penelitian ini seperti: uji asumsi klasik, analisis deskriptif kualitatif dan kuantitatif.Hasil persamaan regresi penelitian ini adalah   Y = 0,178-0,010X1-0,237X2. Koefisien korelasi sebesar 0,598 dan nilai R Square sebesar 0,357. Hasil uji F menunjukkan Fhitung>Ftabel (12,496>3,20) atau tingkat signifikansi 0,000<0,05 berarti likuiditas dan leverage berpengaruh signifikan terhadap profitabilitas pada Perusahaan Sub Sektor Pertambangan Batubara yang terdaftar di Bursa Efek Indonesia. Hasil uji t untuk likuiditas thitung<ttabel (0,676<1,67943) atau Sig.>alpha (0,502>0,05), berarti likuiditas berpengaruh tidak signifikan terhadap profitabilitas. Hasil uji t untuk leverage thitung>ttabel (4,630>1,67943) atau Sig.<alpha (0,000<0,05), berarti leverage berpengaruh signifikan terhadap profitabilitas pada Perusahaan Sub Sektor Pertambangan Batubara yang terdaftar di Bursa Efek Indonesia.Saran yang dapat diberikan adalah perusahaan sebaiknya mengelola dana pada sisi aktiva lancar dan mempertahankan tingkat leverage dengan mengelola penggunaan aset dan kewajibannya secara lebih efektif dan efisien, meningkatkan penjualan serta menekan beban operasional sehingga meningkatkan profitabilitas yang  menjadi perbandingan bagi investor dan calon investor untuk menanamkan modalnya pada perusahaan. Kata Kunci: Likuiditas, Leverage, dan Profitabilitas.