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EFFECT OF OPERATING CASH FLOW AND ACCOUNTING PROFIT ON STOCK RETURN 经营性现金流和会计利润对股票收益的影响
Pub Date : 2023-02-10 DOI: 10.56107/penanomics.v2i1.102
Intan Juniarti, Bambang Satriawan
This research aims to examine: (1) The Influence of Operating Cash Flow to Stock Return in 2013-2016, (2) The influence of Accounting Profit to Stock Return in 2013-2016, (3) The Influence of Operating Cash Flow and Accounting Profit Together to Stock Return in 2013-2016. The data in this research is secondary data obtained from the company's annual financial statements in the Indonesian Stock Exchange (IDX). This type of research is the research of causality. This research was conducted by using sample of 24 LQ-45 companies listed in Indonesia Stock Exchange during the period 2016 to 2019. The data analysis techniques used are descriptive statistics, classical assumption test, simple linear regression analysis and analysis multiple linear regression. Based on hypothesis testing by using t test, it is concluded that Operating Cash Flow is not positive influence on Stock Return and Accounting Profit have positive effect on Stock Return. Based on F test it is concluded that Operating Cash Flow and Accounting Profit simultaneously have a positive effect on Stock Return
本研究旨在考察:(1)2013-2016年经营性现金流对股票收益的影响;(2)2013-2016年会计利润对股票收益的影响;(3)2013-2016年经营性现金流和会计利润共同对股票收益的影响。本研究的数据是从公司在印尼证券交易所(IDX)的年度财务报表中获得的二手数据。这种类型的研究是因果关系的研究。本研究以2016 - 2019年在印尼证券交易所上市的24家LQ-45公司为样本进行研究。使用的数据分析技术有描述性统计、经典假设检验、简单线性回归分析和分析多元线性回归。采用t检验进行假设检验,得出经营性现金流量对股票收益无正向影响,会计利润对股票收益有正向影响的结论。通过F检验,得出经营性现金流量和会计利润同时对股票收益有正向影响的结论
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引用次数: 0
IMPACT OF CORPORATE OWNERSHIP CONTROL AGAINST COMPANY VALUE 公司所有权控制对公司价值的影响
Pub Date : 2023-02-10 DOI: 10.56107/penanomics.v2i1.97
I. Zulkarnain, Riyanti, Sampor Ali, Erika Angelina
This research is expected to improve theories related to company value. Jensen and Meckling (Jensen and Meckling) point out that agency theory is a theory of unequal interests between the party granting the authorization (principal), i.e. the investor, and the party receiving the authorization (agent), that is, the manager. As a company manager, the manager is accountable to the owner, which will affect the funds of the investor's or creditor's company. This research uses a quantitative approach. The main data needed is secondary data derived from the company's Annual report within 6 years, namely from 2015-2020 obtained from IDX or the website of each company The research population is 30 companies listed on the IDX data collected using the documentation method. The results showed that, that Ho was accepted and Ha was rejected, meaning that the Institutional Ownership variable had no effect and was not significant to the value of the company. Then Ho is accepted and Ha is rejected, meaning that the Concentrated Ownership variable has a positive and significant effect on the value of the company. And there is an influence of Institutional Ownership and Concentrated Ownership together as having a significant effect on the value of the company.  
本研究有望完善公司价值相关理论。Jensen和Meckling (Jensen and Meckling)指出,代理理论是授权方(委托人)即投资者与接受授权方(代理人)即管理者之间利益不平等的理论。作为公司经理,经理对所有者负责,这将影响投资者或债权人公司的资金。本研究采用定量方法。所需要的主要数据为次级数据,来源于公司6年内的年报,即从IDX或各公司网站上获得的2015-2020年的数据。研究对象为采用文献法收集的IDX数据上列出的30家公司。结果显示,Ho被接受,Ha被拒绝,这意味着机构所有权变量对公司价值没有影响,不显著。则Ho被接受,Ha被拒绝,说明股权集中变量对公司价值有显著的正向影响。机构持股和股权集中共同对公司价值产生显著影响。
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引用次数: 1
THE EFFECT OF HUMAN RESOURCE DEVELOPMENT ON EMPLOYEE PERFORMANCE AT PT. NUSANTARA PLANTATION V PEKANBARU 努桑达拉林场与北干巴鲁人力资源开发对员工绩效的影响
Pub Date : 2023-02-10 DOI: 10.56107/penanomics.v2i1.104
Zakaria, A. Rahman, Suyatni
The purpose of this study was to determine the effect of human resource development on employee performance. This research was conducted with the title "The Influence of Human Resource Development on Employee Performance at PT. Nusantara V Pekanbaru Plantation". The population of this study is only part of the data information that the average number of employees at PT. Perkebunan Nusantara V Pekanbaru about 153 people, the determination of the sample using the census technique method, namely the population was used as the research sample. Therefore, the sample used in this study were 42 respondents, drawn from the human resources, finance and accounting sections and the procurement and IT departments. Data collection techniques in this study used questionnaires and interviews. The data analysis in this study is descriptive analysis and simple linear regression analysis with SPSS version 25 application tools. The results show that partially human resource development variables have a positive and significant effect on employee performance at PT. Perkebunan Nusantara V Pekanbaru, and the results shown in simple linear regression show that the human resource development variable has a positive influence on employee performance at PT. Nusantara V Pekanbaru Plantation.  
本研究的目的是确定人力资源开发对员工绩效的影响。本研究的题目是“PT. Nusantara V北干巴鲁种植园人力资源开发对员工绩效的影响”。本研究的人口只是部分数据信息,即PT. Perkebunan Nusantara V Pekanbaru的平均雇员人数约为153人,样本的确定采用人口普查技术方法,即以人口作为研究样本。因此,本研究中使用的样本为42名受访者,分别来自人力资源、财务和会计部门以及采购和IT部门。本研究的数据收集技术采用问卷调查和访谈。本研究的数据分析采用描述性分析和简单线性回归分析,使用SPSS 25版应用工具。结果表明,部分人力资源开发变量对PT. Perkebunan Nusantara V Pekanbaru种植园员工绩效有显著的正向影响,简单线性回归结果表明,人力资源开发变量对PT. Nusantara V Pekanbaru种植园员工绩效有正向影响。
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引用次数: 0
INTELLECTUAL CAPITAL AND COMPANY VALUE IN MINING COMPANIES ON THE INDONESIA STOCK EXCHANGE 印尼证券交易所矿业公司的智力资本和公司价值
Pub Date : 2023-02-09 DOI: 10.56107/penanomics.v2i1.103
A. Hanifah, I. Zulkarnain, Riyanti, Dea Herliyana
This study is aimed at analyzing the influence of Intellectual Capital and Company Value on Mining Companies (Metal and Mineral Sub-Sector) listed on the Indonesia Stock Exchange (IDX) peride 2015-2020. The sample of this study used four companies obtained using the purposive sampling method, namely PT. Antam, PT Cita, PT. DKFT and PT Tins. The variables used, for the Dependent variable, namely Company Value (TobinsQ) and Independent variables (Intellectual Capital) which consist of Value Added Capital Employeed (VACA), Value Added Human Capital (VAHU), Stuctural Capital Value Added (SCVA) and Value Added Intelectual Coeficient (VAIC). The results of the VACA study have a positive and sig effect, VAHU has a negative and significant effect, STVA has a negative and significant effect and CVIA has a positive and significant effect. The value of R square of 0.384 means that 38.4 %. The value of the company is determined by the variable intellectual capitaland the remaining 61.6% is determined by other variables that did not participate in this study.
本研究旨在分析2015-2020年期间智力资本和公司价值对印尼证券交易所(IDX)上市的矿业公司(金属和矿产子行业)的影响。本研究的样本采用目的抽样法获得的四家公司,分别是PT. Antam, PT. Cita, PT. DKFT和PT Tins。因变量使用的变量,即公司价值(TobinsQ)和自变量(智力资本),包括增加值雇用资本(VACA),增加值人力资本(VAHU),结构资本增加值(SCVA)和增加值智力系数(VAIC)。VACA研究结果为积极显著效应,VAHU为消极显著效应,STVA为消极显著效应,CVIA为积极显著效应。R平方值0.384表示38.4%。公司的价值是由可变的智力资本决定的,剩下的61.6%是由没有参与本研究的其他变量决定的。
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引用次数: 0
THE EFFECT OF COMPENSATION, WORK DISCIPLINE AND MOTIVATION ON EMPLOYEE PRODUCTIVITY IN THE SERVICE PEKANBARU CITY MSME COOPERATIVE 北干巴鲁市中小微企业服务型合作社薪酬、工作纪律和工作动机对员工生产力的影响
Pub Date : 2023-02-09 DOI: 10.56107/penanomics.v2i1.94
Hendri Arulan, Ibnu Ramadhan Imanuullah, Sabri
The purpose of this study was to determine the effect of compensation on employee productivity at the Department of Cooperatives of UMKM in Pekanbaru City. To determine the effect of motivation on employee productivity at the Department of Cooperatives of SMEs in Pekanbaru. This study aims to determine the effect of compensation, work discipline and motivation on employee productivity at the Pekanbaru City UMKM Cooperative Service. The method in this study using a quantitative approach. The data analysis technique in this study used the classical assumption test, multiple linear regression, hypothesis testing (t test and F test), and the coefficient of determination. Based on the results of the study, it showed that the partial compensation had a significant effect on the employees of the Pekanbaru City UMKM Cooperative Service. The results of this study indicate that work discipline has a significant effect on employees of the Pekanbaru City UMKM Cooperative Office. The results of this study indicate that motivation partially has a significant effect on employees of the Pekanbaru City UMKM Cooperative Service. Based on the results of this study, compensation, work discipline and motivation simultaneously affect employee productivity at the Department of Cooperatives of UMKM in Pekanbaru City.
本研究的目的是确定补偿对北干巴鲁市UMKM合作社部员工生产力的影响。以北坎巴鲁中小企业合作部为研究对象,探讨激励对员工生产力的影响。本研究旨在探讨薪酬、工作纪律和工作动机对北干巴鲁市UMKM合作社员工生产力的影响。本研究方法采用定量方法。本研究的数据分析技术采用经典假设检验、多元线性回归、假设检验(t检验和F检验)和决定系数。研究结果表明,部分补偿对北干巴鲁市UMKM合作服务的员工有显著的影响。本研究结果显示,工作纪律对北干巴鲁市UMKM合作办公室员工有显著影响。本研究结果显示,动机对北干巴鲁市UMKM合作服务员工有部分显著影响。根据本研究的结果,薪酬、工作纪律和动机同时影响北干巴鲁市UMKM合作社部的员工生产力。
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引用次数: 3
HIGHER EDUCATION GOVERNANCE ANALYSIS (EMPIRICAL STUDY ON MUHAMMADIYAH UNIVERSITY IN JAKARTA) 高等教育治理分析(以雅加达穆罕默德迪亚大学为例)
Pub Date : 2023-02-09 DOI: 10.56107/penanomics.v2i1.96
Haris Sarwoko
Functioning of the role of group manager in the management of the organization can improve productivity. However, the function is also a phenomenon in the relationship between principals and agents, where there is a divergence of interests between owners and managers of organizations who then create the agency problem, because basically the agent has their own interests. This is where the role of control is needed to suppress agency problems. Departure from this idea, the research aim is to understand the mechanisms of control and rational behavior of agents in the practices of elections, financial reporting, and compensation. The study concludes: 1) the norms and cultural values appear to be more prominent than economic value in the control mechanism. Norms and values restrict the organization's behavior and justify the sanction for any inappropriate behavior in the system. Lack of commitment and socialization occur relatively high on the system of organization members who continually give up some or all personal interests to become a member of Muhammadiyah; 2) the rationality that is developed within the organization is a form of mental construction agent based on social experience, character local and specification. Muhammadiyah values tradition that was developed by Ahmad Dahlan have become the source of agent, especially in the rationalization measures gain legitimacy from the environment.
小组经理在组织管理中的作用可以提高生产力。然而,这种功能也是委托人和代理人之间关系中的一种现象,在这种关系中,组织的所有者和管理者之间存在利益分歧,这就产生了代理问题,因为基本上代理人都有自己的利益。这就是需要控制的作用来抑制代理问题的地方。从这一观点出发,本研究的目的是了解代理人在选举、财务报告和薪酬实践中的控制机制和理性行为。研究得出结论:1)规范和文化价值在控制机制中显得比经济价值更为突出。规范和价值观限制组织的行为,并为系统中任何不当行为的制裁辩护。在不断放弃部分或全部个人利益成为穆罕默德迪亚成员的组织成员体系中,缺乏承诺和社会化的情况相对较高;2)组织内部发展的理性是一种基于社会经验、性格地方性和规范的心理建构代理形式。Ahmad Dahlan所发展的Muhammadiyah价值观传统已经成为代理的来源,特别是在合理化措施中从环境中获得合法性。
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引用次数: 0
THE INFLUENCE OF ELECTRONIC WORD OF MOUTH AND SOCIAL MEDIA MARKETING ON BRAND IMAGE AND INTEREST IN BUYING E-COMMERCE COSMETIC PRODUCTS 电子口碑和社交媒体营销对品牌形象和购买电商化妆品兴趣的影响
Pub Date : 2023-02-09 DOI: 10.56107/penanomics.v2i1.95
Ismed Jayad, A. Wahyu, Sumardi
Electronic word of mouth (E-WOM) and Social Media Marketing are widely used by consumers to explore information about a product. Information obtained from various sources on the internet will affect consumer perceptions of brand image, risk and encourage consumer buying interest. This study aims to examine the effect of electronic word of mouth, and social media marketing variables on purchase intention with brand image as an intervening variable. This study used a purposive sampling technique on 250 respondents. The study was conducted on all Indonesian citizens who are interested in buying and using cosmetics through e-commerce and already have income. The method used is the Structural Equation Model with AMOS 24.0 Software. The results of this study indicate that electronic word of mouth has a positive and significant effect on brand image and buying interest, and social media marketing has a positive effect on brand image and buying interest and is significant on brand image but not significant on buying interest. Meanwhile, brand image has a positive and significant effect on purchase intention.
电子口碑营销(E-WOM)和社会媒体营销被消费者广泛用于探索有关产品的信息。在互联网上从各种来源获得的信息会影响消费者对品牌形象的认知、风险和鼓励消费者的购买兴趣。本研究以品牌形象为中介变量,考察电子口碑、社交媒体营销变量对购买意愿的影响。本研究对250名受访者采用了有目的的抽样技术。这项研究的对象是所有对通过电子商务购买和使用化妆品感兴趣并已经有收入的印尼公民。采用的方法是结构方程模型,采用AMOS 24.0软件。本研究结果表明,电子口碑对品牌形象和购买兴趣有正向显著影响,社交媒体营销对品牌形象和购买兴趣有正向影响,对品牌形象有显著影响,对购买兴趣不显著。同时,品牌形象对购买意愿有正向显著的影响。
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引用次数: 0
THE EFFECT OF PRICES AND PROMOTIONS ON LUTI DRUM BUYING DECISION IN TANJUNG PINANG 价格和促销对丹戎槟榔地区芦笛鼓购买决策的影响
Pub Date : 2023-02-09 DOI: 10.56107/penanomics.v2i1.99
Herri Sumantoro, Muhammad Imam Tabrani, Sabri
This study aims to test the effect of price and promotion on the purchasing decision of Luti Gendang in Tanjung Pinang. The repondents in this study are consumers in Tanjung Pinang. The number of respondents in this study was 100 respondents. Sampling is carried out by purposive sampling technique. This study used multiple linear regression analysis techniques with SPSS as an analysis tool. The results of multiple linear regression tests showed that: 1) The price partially had a significanteffect on the purchasing decision of Luti Gendang in Tanjung Pinang. 2) Promotion partially affects the purchase decision of Luti Gendang in Tanjung Pinan
本研究旨在检验价格与促销对丹绒槟榔屿鹿地根当购买决策的影响。本研究的调查对象为丹绒槟榔屿的消费者。本研究的调查对象为100人。抽样采用目的抽样技术。本研究以SPSS为分析工具,采用多元线性回归分析技术。多元线性回归检验的结果表明:1)价格对丹戎槟榔屿地区路堤根当的购买决策有部分显著影响;2)促销对丹戎槟榔屿地区路堤根当的购买决策有部分影响
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引用次数: 0
APPLICATION OF HUMAN RESOURCE MANAGEMENT FREE OF ISLAMIC VALUES 摆脱伊斯兰价值观的人力资源管理的应用
Pub Date : 2022-12-31 DOI: 10.56107/penanomics.v1i3.75
Nazifah Husainah, Maswanto Maswanto, M. Yusuf, Hapzah Shalsa Sabila
The purpose of this study is to find out how the application of MSDM to Islamic banks, whether it is in accordance with Islamic values, by looking at the management practices carried out by Islamic banks. This research uses a qualitative method where data collection is carried out with interviews and observations in more depth during a certain period so as  to be able to explore and get further information about the application of MSDM based on Islamic values.  The object of this study is a bank engaged in a sharia system. Then the sample in this study is an employee at a Sharia bank who has served for more than 1 year and is a permanent employee.  The results obtained state that in general, Islamic values are still considered and applied in MSDM practice in Islamic banks. The Islamic aspect is demonstrated by including some criteria, tests, or materials in some management practices. Then the spirituality side is also seen from the participation of employees in several religious activities held, this reflects the Islamic side of a person.
本研究的目的是通过观察伊斯兰银行所进行的管理实践,找出MSDM在伊斯兰银行中的应用,是否符合伊斯兰价值观。本研究采用定性的方法,在一定时期内进行更深入的访谈和观察来收集数据,从而探索和获得基于伊斯兰价值观的MSDM应用的进一步信息。本研究的对象是一家从事伊斯兰教法体系的银行。那么本研究的样本是伊斯兰银行的一名员工,已经服务了1年以上,是一名正式员工。得到的结果表明,总体而言,伊斯兰价值观在伊斯兰银行的MSDM实践中仍然被考虑和应用。在一些管理实践中包括一些标准、测试或材料,这表明了伊斯兰教的方面。然后从员工参加的几次宗教活动中也可以看出灵性的一面,这反映了一个人伊斯兰教的一面。
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引用次数: 0
The Effect of Job Satisfaction and Employee Loyalty on Employee Performance 工作满意度、员工忠诚度对员工绩效的影响
Pub Date : 2022-12-31 DOI: 10.56107/penanomics.v1i3.50
Heru Kuncorowati, Heru Noor Rokhmawati, Lalu Supardin
This study aims to examine the effect of job satisfaction and employee loyalty on employee performance in Ros-In Hotel at Yogyakarta. Respondents in this study were employees of Ros-In Hotel. The number of respondents in this study were 50 respondents. Sampling was done by purposive sampling technique. This study uses multiple linear regression analysis technique with SPSS as an analytical tool. Based on the results of data testing, it shows that: 1) Job satisfaction partially has a significant effect on employee performance in Ros-In Hotel at Yogyakarta. 2) Employee loyalty partially has a significant effect on employee performance in Ros-In Hotel at Yogyakarta. 3) Job satisfaction and employee loyalty simultaneously have a significant effect on employee performance in Ros-In Hotel at Yogyakarta
本研究旨在探讨日惹ross - in酒店的工作满意度和员工忠诚度对员工绩效的影响。本研究的调查对象为ross - in酒店的员工。本研究的调查对象为50人。采用目的抽样技术进行抽样。本研究以SPSS为分析工具,采用多元线性回归分析技术。根据数据检验的结果表明:1)工作满意度对日惹ross - in Hotel员工绩效有部分显著影响,2)员工忠诚度对日惹ross - in Hotel员工绩效有部分显著影响,3)工作满意度和员工忠诚度同时对日惹ross - in Hotel员工绩效有显著影响
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引用次数: 1
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PENANOMICS: International Journal of Economics
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