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OPPORTUNITIES AND CHALLENGES FOR MICRO-SMALL AND MEDIUM BUSINESS IN INDONESIA FACING ASEAN ECONOMIC COMMUNITY Rahadi, Raden Aswin
Jurnal Manajemen dan Kewirausahaan (Journal of Management and Entrepreneurship) Vol 18, No 1 (2016): MARCH 2016
Publisher : Institute of Research and Community Outreach - Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (659.752 KB) | DOI: 10.9744/jmk.18.1.45-53

Abstract

This research is a part of a continuous study to analyze the opportunities and challenges for micro-small and medium business in Indonesia when facing ASEAN Economic Community (AEC) in 2016. It has its own uniqueness, as it will combine the point of view between current business owners and current literature study synthesis on business perception towards AEC. Ten business owners have been interviewed. The results suggested AEC provides challenges for the business owners, particularly in terms of capital; competitiveness; sales system; innovation; finance, bureaucracy; and government preparedness. AEC also provides opportunities, in terms of market potential; creativity; export opportunities; business owners’ resistances and sustainability; and knowledge of local market. From all of the keywords mentioned by the respondents, there are four main attributes considered as important: human resources; creativities; market share; and capital. Finally, most of the respondents suggested that AEC will bring more positive influences for the development of micro-small and medium business in Indonesia.
OPPORTUNITIES AND CHALLENGES FOR MICRO-SMALL AND MEDIUM BUSINESS IN INDONESIA FACING ASEAN ECONOMIC COMMUNITY Rahadi, Raden Aswin
Jurnal Manajemen dan Kewirausahaan Vol 18, No 1 (2016): MARCH 2016
Publisher : Institute of Research and Community Outreach - Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (659.752 KB) | DOI: 10.9744/jmk.18.1.45-53

Abstract

This research is a part of a continuous study to analyze the opportunities and challenges for micro-small and medium business in Indonesia when facing ASEAN Economic Community (AEC) in 2016. It has its own uniqueness, as it will combine the point of view between current business owners and current literature study synthesis on business perception towards AEC. Ten business owners have been interviewed. The results suggested AEC provides challenges for the business owners, particularly in terms of capital; competitiveness; sales system; innovation; finance, bureaucracy; and government preparedness. AEC also provides opportunities, in terms of market potential; creativity; export opportunities; business owners’ resistances and sustainability; and knowledge of local market. From all of the keywords mentioned by the respondents, there are four main attributes considered as important: human resources; creativities; market share; and capital. Finally, most of the respondents suggested that AEC will bring more positive influences for the development of micro-small and medium business in Indonesia.
Study of Correlation Between Selected Financial Components (EBIT, Dividends, Retained Earnings, and Debt to Equity Ratio) with Stock Prices of Companies in Indonesian Real Estate Industry Rahadi, Raden Aswin; Yondi, Harris Kristianto; Hartadi Budiman, Alexius Reinaldo
JAF- Journal of Accounting and Finance Vol 3 No 2 (2019): JAF- Journal of Accounting and Finance
Publisher : Telkom University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25124/jaf.v3i2.2169

Abstract

The real estate industry in Indonesia is forecasted to keep growing in the future. There will be significant opportunities in the capital market for investment. It is essential for investors who will invest in this industry to understand what factors are essential to predict stocks price movement, especially for stock trading investors. For companies in the industry, knowing what they should do to attain growth more significant than the industry itself is essential to attract investors. The research purposes are to study the correlation between selected financial components and stock price. The analysis was done by calculating the correlation between financial components with stock price using 10-years period data. The results show there are six classes of companies according to correlation analysis: significant with EBIT, significant with dividend, significant with RE, significant with DER, multi significant, and insignificant. The most substantial component is the debt to equity ratio. Recommendation for investors is to understand the industry and aware of companies' activities before investing. Investing in sustainable companies leads to stable capital gain while for risk-taker investors, investing in other companies should be based on the projects handled by the company. For companies, they should have focused on the factors that correlate with their stock price.
Development Of Appropriate Technology Adoption For Coffee Farmers In Sukawangi Village, Sumedang Budiman, Bentang Arief; Purnama, Hari; Nugrahapraja, Husna; Rasyid, Muhammad Abdur; Daryono Putra, Natas Setiabudhi; Suryani, Sri Aswin; Nurillah, Annisa Ratna; Zainuddin, Ima Mulyama; Putri, Rindia Maharani; Shalannanda, Wervyan; Rahadi, Raden Aswin
Jurnal Ilmu Sosial Politik dan Humaniora Vol 2 No 2 (2019): Jurnal Ilmu Sosial Politik dan Humaniora
Publisher : Fakultas Ilmu Sosial dan Ilmu Politik Universitas Garut

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36624/jisora.v2i2.42

Abstract

In this paper, the authors propose solutions to increase the added value of coffee in the form of the process of making the process of making coffee using appropriate technology adoption. This paper uses qualitative methods of locational survey and literature study. Survey activities are conducted in the form of interviews and observations. The team conducted interviews with coffee farming communities in the area and observed the conditions of coffee farming. The literature study was conducted by synthesizing literature reviews and continued by formulating the theory and principles of appropriate technology in the context of local agriculture in Sukawangi Village, Sumedang Regency, West Java. In this paper, the authors describe the solution proposals related to the problems of coffee farmers in Sukawangi, Sumedang. Two suggestions for increasing the value added of coffee beans are by using appropriate technology adoption. With both of these solutions, it is expected that the quality of coffee plantation in Sumedang can be increased and can be marketed in both domestic and international markets. As a result, the welfare of farmers in Sumedang will increase.
DO SOCIO-DEMOGRAPHIC CHARACTERISTICS AND FINANCIAL LITERACY MATTER FOR SELECTING ISLAMIC FINANCIAL PRODUCTS? Widityani, Salma Fadhilah; Faturohman, Taufik; Rahadi, Raden Aswin; Yulianti, Yulianti
Journal of Islamic Monetary Economics and Finance Vol 6 No 1 (2020)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jimf.v6i1.1057

Abstract

Indonesia is a promising market for the Islamic finance industry since most of the population is Muslim. However, the growth of Islamic finance in Indonesia is still low. Therefore, Islamic financial literacy needs to be improved in order to grow the Islamic finance industry significantly. The purpose of this study is to determine the factors that enhance Islamic financial literacy among college students in Indonesia. The development of validated constructs for Islamic financial literacy is important because conventional financial literacy might contain some elements that are not compatible with Islamic financial principles. This study also measures the level of Islamic financial literacy and its relationship with socio-demographic characteristics using multilinear regression. Furthermore, the relationship between Islamic financial literacy and the possession of Islamic financial products is observed by logistic regression. The determinant factors are perception, attitude and behaviour, and knowledge. The study found that type of educational institution, Islamic finance course experience, being educated to Master’s degree level, having one’s own income, and having an income above five million have a significant relationship with the Islamic financial literacy of college students. The factors that have a significant relationship with the possession of Islamic financial products are Islamic financial literacy, choice of major, Islamic finance course experience, and monthly income above five million. This research attempts to provide an Islamic financial literacy measurement through exploratory factor analysis. The development of a validated instrument for an Islamic financial literacy index and its determinant factors is our scientific and practical contribution to the literature on Islamic financial literacy in Indonesia.
SURVIVAL ANALYSIS OF DELISTED INDONESIAN COMPANIES Parmonangan, Lincoln Ramadhani; Rahadi, Raden Aswin
JAF- Journal of Accounting and Finance Vol 4 No 1 (2020): JAF- Journal of Accounting and Finance
Publisher : Telkom University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25124/jaf.v4i1.2175

Abstract

The real estate industry in Indonesia is forecasted to keep growing in the future. There will be significant opportunities in the capital market for investment. It is essential for investors who will invest in this industry to understand what factors are essential to predict stocks price movement, especially for stock trading investors. For companies in the industry, knowing what they should do to attain growth more significant than the industry itself is essential to attract investors. The research purposes are to study the correlation between selected financial components and stock price. The analysis was done by calculating the correlation between financial components with stock price using 10-years period data. The results show there are six classes of companies according to correlation analysis: significant with EBIT, significant with dividend, significant with RE, significant with DER, multi significant, and insignificant. The most substantial component is the debt to equity ratio. Recommendation for investors is to understand the industry and aware of companies' activities before investing. Investing in sustainable companies leads to stable capital gain while for risk-taker investors, investing in other companies should be based on the projects handled by the company. For companies, they should have focused on the factors that correlate with their stock price.
Consumer Preference Influence Towards Revenue Optimization for Local Brand Accessories in Bandung Rahadi, Raden Aswin; Shafira, Shanaya Ratu
Jurnal Manajemen Indonesia Vol 20 No 2 (2020): Jurnal Manajemen Indonesia
Publisher : Fakultas Ekonomi dan Bisnis, Telkom University.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25124/jmi.v20i2.3205

Abstract

Planning a careful market and good product strategy in launching new products is very important to help new company succeed in the market with knowing the consumer preference and cashflow projection. This research raises the issue of the importance of consumer preference to get optimal revenue on launching new product. This research was conducted at Soigne, a local brand accessory in Bandung. The purpose of this study is to determine how the company conducts feasibility study through consumer preferences for knowing the suitable price and products to launch in 2019. This study also analyses the sensitivity analysis to delimit the changes of financial conditions. According to the result of the research, there are recommendations that can be applied in Soigne to launch a suitable product to gain optimal revenue based on consumer preference. The best combination product to launch in Soigne is accessories product between earrings, bracelet, and necklace with neutral color, simple design, and price range between IDR 100,000.00 to IDR 250,000.00. Customer service, packaging design, materials and durability is other factor that important to provide by the company. For the optimal revenue, Soigne recommended to launch earrings with price IDR 149,000.00, bracelet with price IDR 169,000.00, and necklace with price IDR 189,000.00 in the next one year and increase 10% for the price in the next two and three years which are the best financial scenario of researcher projection. Keywords— Cashflow Projection; Consumer Preference; Feasibility Study; Launching New Product; and Sensitivity Analysis
The effect of credit and liquidity risk on bank's financial performance: the case of Indonesian banks in buku 3 and 4 Dayuwati, Galia Surya; Rahadi, Raden Aswin
Journal of Business and Management Vol 9, No 2 (2020)
Publisher : Journal of Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Abstract. In 2019, global growth weakened to 2.4 per cent, which affected banks in Indonesia. It is said that banks with strong liquidity must be careful, especially BUKU 3 and BUKU 4 banks since the liquidity of these banks was still relatively high; those are 103.49% and 91.81%. With the strict Liquidity risk, BUKU 3 and BUKU 4, it is necessary to see how much influence liquidity and credit risk has on the performance of BUKU 3 and 4 banks. Thus, the banks were able to do risk mapping and immediately mitigated the risk to improve bank performance and avoid default risk. In conducting this research, the data are gathered in the form of financial statements released by each bank sample found on each Bank's website and OJK website. The range of the data gathered is from 2015- 2019 in the five years of the published financial statement from 32 sample Banks categorized in BUKU 3 and BUKU 4 banks. This research uses panel regression to test each hypothesis. The result of this research shows that credit risk, which is represented by NPL Ratio, has a significant negative effect with ROA and ROE. At the same time, the liquidity ratio has a significant and positive effect on ROA and ROE. The effect of Bank Capital has a positive impact on ROA. While Bank Size does not affect all dependent variables partially but simultaneously affects ROA, ROE, and NIM. Meanwhile, the NIM variable is partially not affected by each independent variable. However, simultaneously, NIM is affected by all independent variables in this study. From the result, the author recommended each Bank needs to improve the credit monitoring process, in order to minimize credit risk and to overcome this liquidity risk, banks must seek other funding such as issuing sub-debt (debt securities), bonds, and increase capital.Keywords: Credit Risk, Liquidity Risk, Return on Asset, Return on Equity, Net Interest Margin, Bank's Performance
Determining and Measuring Factors Influencing Housing Affordability in Bandung with Case Study at Singgasana Pradana Gabriella, Milka; Rahadi, Raden Aswin
Journal of Business and Management Vol 9, No 2 (2020)
Publisher : Journal of Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Abstract. The house is one of basic human needs for living besides food and clothing. But as the  population grows in Indonesia and the limited land available, house prices from year to year tend to increase. Rising house prices will have an impact on one’s housing affordability. In this study, the author aims to explore factors influence housing affordability and measure the effect of each factor. There are six main factors tested that affect housing affordability, including; the growth of sharing economy, environment, price, purchase intention, location and facilities. This research was conducted quantitatively. The data used in this study are primary data obtained from conditional surveys distributed by the author. The method used in this study is ordinal logistic regression. The findings ofthis study is that the predictor variable that has the most impact is the growth of sharing economy. The calculation result shows that a person had to increase his or her housing affordability level by 1,704 times because of the growth of sharing economy. In conclusion, ones’ housing affordability is  influenced by personal choices and then followed by external factors offered by housing developers or property developers. Keywords: Housing Affordability, Measuring and Determining Factors, Houses, Bandung City
EFFECT OF GOVERNMENTAL ANNOUNCEMENT AND DECISIONS DURING COVID-19 ON INDONESIAN SECTORAL INDEXES Adriatama, Irshad; Rahadi, Raden Aswin
Jurnal Manajemen dan Kewirausahaan Vol. 23 No. 1 (2021): MARCH 2021
Publisher : Management Study Program, Faculty of Business and Economics, Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.9744/jmk.23.1.61-75

Abstract

Global economy is suffering from a crisis due to COVID-19, during few months after the virus had begun to spread stock prices had been falling drastically all over the world. This paper aim to analyze what is happening to the stock market in Indonesia during the period of COVID-19 pandemic. The analysis will be done by looking at the historical data of several composite index from different sectors during the period of pandemic. We will take notes of important dates during this pandemic such as: first confirmed case, first death, work-from-home policy date, and other dates, to see whether these events can affect the index price during this pandemic by analyzing abnormal return on a certain period near those dates.