This study aims to analyze the Level of Financial Soundness on Financial Performance in Cement Companies that are Go Public Listed on the Indonesia Stock Exchange (BEI). Analysis of the level of financial health using the Altman Z-Score with several ratios, namely the ratio of Working Capital to Total Assets (X1), the ratio of retained earnings to total assets (X2), the ratio of EBIT to Total Assets (X3), the ratio of stock market value to book value ofabilities (X4), the ratio of Sales to Total Assets (X5) to the dependent variable on Financial Performance (Return on Assets). The data analysis technique used in this research is the Altman Z-Score with the criteria for bankruptcy and to find its effect with the panel data regression model assisted by E-Views software. The results of the calculation and analysis of the Z-Score criteria in cement companies in Indonesia, it is known that there is no cement company whose company finances are stated in a healthy condition. One company is prone to bankruptcy (gray zone) while the rest according to the Z-Score criteria are bankrupt. Furthermore, based on the panel data regression examiner simultaneously the five independent variables on financial performance (Y), while partially the working capital ratio to total assets (X1) affects financial performance (Y), the retained earnings ratio to total assets (X2) has no effect on Financial performance (Y), EBIT ratio to total assets (X3) affects financial performance (Y), stock market value ratio to book value of liabilities (X4) has no effect on financial performance (Y), Sales to Total Assets ratio (X5) affect financial performance.
The purpose of this study was to determine the effect of Leverage, Liquidity, Profitability and Company Size on Accounting Conservatism in food and beverage sub-sector companies on the Indonesia Stock Exchange (IDX). The research period used was 5 years, namely the period 2013-2017. The population of this study includes food and beverage companies listed on the Indonesia Stock Exchange for the 2013-2017 period. The sampling technique used purposive sampling technique. Based on the criteria set, the number of 9 companies is obtained. The type of data used is secondary data obtained from the Indonesian Stock Exchange website. The analytical method used is panel data regression analysis. The results showed that partially Leverage and Liquidity had no effect on Accounting Conservatism, while Profitability and Firm Size had an effect on Accounting Conservatism.
Tujuan dari Penelitian ini diharapkan mampu digunakan dalam memprediksi kebangkrutan dengan menggunakan metode analisa Altman Z-score. Penelitian ini merupakan penelitian deskriptif kuantitatif. Objek dari penelitian ini perusahan semen yang terdaftar di Bursa Efek Indonesia, sebanyak 6 perusahaan yaitu: PT Indocement Tunggal Prakarsa Tbk, PT Semen Indonesia Tbk, PT Wijaya Karya Beton Tbk, PT Semen Baturaja Tbk, PT Solusi Bangun Indonesia Tbk., dan PT Waskita Beton Precast Tbk dengan tahun pengamatan 2016 sampai 2019. Data dari penelitian ini berupa data sekunder dan sumber data diambil dari Bursa Efek Indonesia dalam bentuk laporan keuangan Hasil penelitian ini mengungkap bahwa lima dari enam perusahaan berada pada zona kebangkrutan sementara satu perusahaan berada pada zona grey yang artinya rawan mengalami kebangkrutan.
Penelitian ini bertujuan untuk menguji relevansi penilaian harga wajar saham dengan metode Discounted Cash Flow Model (DCF) dengan pendekatan valuasi Free Cash Flow to Equity (FCFE) dan metode relative valuation pada saham-saham yang terdaftar di Bursa Efek Indonesia. Obyek penelitian pada karya tulis ini adalah saham-saham yang terdaftar pada IDX30. Hasil penelitian ini menunjukan bahwa harga wajar saham IDX30 dengan metode relative valuation dengan pendekatan Price to Book Value (PBV) menghasilkan 6 saham perusahaan mengalami undervalued dan 24 saham mengalami overvalued dan dengan pendekatan Price Earning Ratio (PER) menghasilkan 12 saham mengalami undervalued dan 18 saham mengalami overvalued. Sedangkan dengan menggunakan metode Discounted Cash Flow Model dengan pendekatan Free Cash Flow to Equity menghasilkan 19 saham yang mengalami undervalued dan 11 saham yang mengalami overvalued.Kata Kunci : Valuasi, DCF, FCFE, Indeks IDX30, Relative valuation, Price to Book Value dan Price Earning Ratio
The purpose of this study was to analyze the Causes of Job Satisfaction Involved by Leadership Ethics and Organizational Commitment of Employees. The design of this study is a descriptive study that describes the information and characteristics of the population or phenomenon being studied. The description used is for statistical calculation, whereas survey investigation is conducted to measure the variables with questionnaires spread by 18 questions using five points LIKERT SCALE. The method used to evaluate the survey results of several studies with regression, primary data collected from the respondents and also secondary data to support information. From the results of this study indicate that there is a positive and significant relationship between leadership ethics, organizational commitment and employee job satisfaction. Data analysis used in this study is SPSS. The results of this study conclude that leadership ethics has a certain influence on organizational commitment and employee job satisfaction. Keywords: Leadership Ethics, Organizational Commitment, Employee Job Satisfaction.
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