{"title":"Valuation Analysis of PT XYZ's Initial Share Value Regarding the 2020 IPO Plan with Discounted Free Cash Flow and Relative Valuation Method","authors":"Affandy Sasongko, Edward Tanujaya","doi":"10.4108/eai.5-8-2020.2301192","DOIUrl":"https://doi.org/10.4108/eai.5-8-2020.2301192","url":null,"abstract":". The PT XYZ is a company in the automotive industry in Indonesia that has a plan to offer its initial public offering or IPO in 2020. In the IPO activity it is necessary to analyze the price of the initial shares to be offered. This paper is a case study and aims to find the value of the first shares obtained through the valuation of the company PT XYZ. Valuations are carried out using the Discounted Free Cash Flow to Equity and Discounted Free Cash Flow to the Firm each method with two projection approaches, namely reinvestment rate and sales projections, and with the Relative Valuation method. The results of the valuation of PT XYZ's initial share price for the discounted free cash flow method are in the range of Rp706.76 to Rp2,002.49 per share, while the results of the calculation of relative valuation are at Rp2,433.32 per share","PeriodicalId":331092,"journal":{"name":"Proceedings of the 2nd International Conference of Business, Accounting and Economics, ICBAE 2020, 5 - 6 August 2020, Purwokerto, Indonesia","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131332467","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Innovation Revolution in Business Models in Indonesian Hybrid Organizations","authors":"B. Sumantri, S. Suhardi, S. Samari","doi":"10.4108/eai.5-8-2020.2301080","DOIUrl":"https://doi.org/10.4108/eai.5-8-2020.2301080","url":null,"abstract":"That business model innovation often does not occur because organizations cannot identify business models that are suitable for new technologies or solutions. Innovation revolution in business models in hybrid organizations in Indonesia. This research is a library research in the early stages of deepening hybrid organizations in Indonesia related to the revolution of innovation in a business model. Primary data sources used are research journals, on-line news, and legislation in Indonesia related to this research. It can be concluded that the innovation revolution in the business model of hybrid organizations in Indonesia is as follows: the conclusions of this paper are: Business models continue to be developed that affect innovations of hybrid organization-business models in Indonesia consisting of three organizational patterns, namely: cooperatives, MSMEs, and BUMDesa. The pattern of Indonesian cooperative organizations based on templates was developed from Europe. The pattern of MSME Organizations in Indonesia, in a template, is mirrored in the United States. Explanation of the BUMDesa organizational pattern is the marketisation of the non-profit sector, where nonprofit organizations are encouraged to focus on generating commercial revenue from service delivery contracts. The strengths of policies and operational processes in hybrid organizations in Indonesia are as follows: Law Number 25 of 1992 concerning Cooperatives, Law Number 20 of 2008 concerning Micro, Small and Medium Enterprises (MSMEs), and Law Number 06 of 2014 concerning villages.","PeriodicalId":331092,"journal":{"name":"Proceedings of the 2nd International Conference of Business, Accounting and Economics, ICBAE 2020, 5 - 6 August 2020, Purwokerto, Indonesia","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130911298","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Effects of Human Resource Practices on Job Satisfaction: The Mediating Role of Affective Organizational Commitment and Organizational Identification (Study on Millennial Generation Employees in Indonesia)","authors":"M. Samadi, E. Pusparini","doi":"10.4108/eai.5-8-2020.2301144","DOIUrl":"https://doi.org/10.4108/eai.5-8-2020.2301144","url":null,"abstract":"","PeriodicalId":331092,"journal":{"name":"Proceedings of the 2nd International Conference of Business, Accounting and Economics, ICBAE 2020, 5 - 6 August 2020, Purwokerto, Indonesia","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134448594","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Development of DKI Jakarta Regional Fiscal Capacity in 2014-2019","authors":"M. Setyowati, Aldy Widiarto, I. Indriani","doi":"10.4108/eai.5-8-2020.2301220","DOIUrl":"https://doi.org/10.4108/eai.5-8-2020.2301220","url":null,"abstract":"","PeriodicalId":331092,"journal":{"name":"Proceedings of the 2nd International Conference of Business, Accounting and Economics, ICBAE 2020, 5 - 6 August 2020, Purwokerto, Indonesia","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132712609","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Influence Of Organizational Communication Towards Work Motivation At Bappelitbangda Office Of Luwu Regency","authors":"Muhammad Mahsyam, S. Salju, Suhardi M. Anwar","doi":"10.4108/eai.5-8-2020.2301152","DOIUrl":"https://doi.org/10.4108/eai.5-8-2020.2301152","url":null,"abstract":"This study was intended to measure the effect of the Work Communication variable on Employee Performance at BAPPELITBANGDA Office of Luwu Regency. Organizational communication variables have an influence on employee performance. This research applied quantitative methods using simple regression. Respondents used as samples in this study were 63 people using probability sampling as a method of sampling. The research instrument used to process data in this study was SPSS 21. The results of testing using the application SPSS 21 indicate that the variables in this study, namely organizational communication significantly affect the variable of work motivation. This result shows significance value of 0,000. The results of the coefficient of determination indicate that organizational communication vaeribal influence the work motivation variable by 40.2%. Based on the previous results, it can be concluded that communication skills in organizing have a very good category. For employee work motivation variables included in the high category. There are some things that need serious attention in conveying communication such as the delivery of information with other intermediaries and the ability to work done by employees.","PeriodicalId":331092,"journal":{"name":"Proceedings of the 2nd International Conference of Business, Accounting and Economics, ICBAE 2020, 5 - 6 August 2020, Purwokerto, Indonesia","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129421094","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Comparative Analysis Of The Biggest Banking Performance In Indonesia","authors":"Triska Dewi Pramitasari","doi":"10.4108/eai.5-8-2020.2301098","DOIUrl":"https://doi.org/10.4108/eai.5-8-2020.2301098","url":null,"abstract":". Covid-19 hit the ASEAN banking industry, especially Indonesia, through weaker economic growth, which resulted in slowing credit growth and resulting in declining profitability. This study aims to analyze banking performance before and after the Covid-19 pandemic. The sampling method uses the saturated sampling method (census) where there is only one sample, namely Bank Rakyat Indonesia (Persero) Tbk. The data in this study are secondary data was obtained from the banking quarterly annual report 2019-2020 period accessed through the IDX website. Performance is measured using ROA, NPL and LDR indicators with the Paired T-Test . This study found that financial ratios are in the form of ROA and LDR before and after the Covid-19 pandemic had significantly different values, while the NPL were not significantly different. In general there are significant differences in the performance of the largest banks in Indonesia before and after the Covid-19 pandemic.","PeriodicalId":331092,"journal":{"name":"Proceedings of the 2nd International Conference of Business, Accounting and Economics, ICBAE 2020, 5 - 6 August 2020, Purwokerto, Indonesia","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128554166","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Human Development Index Modelling In Indonesia Using Spatial Error Model Approach","authors":"A. Rahma","doi":"10.4108/eai.5-8-2020.2301175","DOIUrl":"https://doi.org/10.4108/eai.5-8-2020.2301175","url":null,"abstract":"","PeriodicalId":331092,"journal":{"name":"Proceedings of the 2nd International Conference of Business, Accounting and Economics, ICBAE 2020, 5 - 6 August 2020, Purwokerto, Indonesia","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131305392","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Role of Brand Community in Creating Loyalty","authors":"I. Susila, E. Saputro, Pamula Mahardhika","doi":"10.4108/eai.5-8-2020.2301210","DOIUrl":"https://doi.org/10.4108/eai.5-8-2020.2301210","url":null,"abstract":"","PeriodicalId":331092,"journal":{"name":"Proceedings of the 2nd International Conference of Business, Accounting and Economics, ICBAE 2020, 5 - 6 August 2020, Purwokerto, Indonesia","volume":"79 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116597808","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Comparative Analysis of Financial Performance and Its Effect on Stock Prices of Banking and Consumer Goods Companies","authors":"Mursidah Nurfadillah, Ermi Utami","doi":"10.4108/eai.5-8-2020.2301188","DOIUrl":"https://doi.org/10.4108/eai.5-8-2020.2301188","url":null,"abstract":"This present study carried out a comparative analysis of financial performance and its effect on the stock prices of consumer goods and banking companies, both simultaneously and partially, and analyzed financial ratios that affected stock prices. The data in this research were collected through a panel data collection technique in a five-year lapse starting from 2012 to 2016. The objects of the research were consumer goods and banking companies registered on the Indonesia Stock Exchange. This research was categorized as causal research using the quantitative method and data analysis was performed using multiple linear regression. The results showed that the performance of the consumer goods companies was better than banking companies. Simultaneously, all research variables significantly influenced the stock prices of both banking and consumer goods companies with a significance value of 0,000. Partially, the variables that influenced banking stock prices were price book value and ROE. Whereas the shares of consumer goods were significantly affected by net profit, margins, and debt to equity ratio.","PeriodicalId":331092,"journal":{"name":"Proceedings of the 2nd International Conference of Business, Accounting and Economics, ICBAE 2020, 5 - 6 August 2020, Purwokerto, Indonesia","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123023875","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Rina Mudjiyanti, Alfalisyado Alfalisyado, Nur Cw, Lela Maynita
{"title":"The Influence of Profitability, Liquidity and Book Tax Differences toward Profit Growth (Study on Companies Listed in the Compass Index 100, 2013-2017)","authors":"Rina Mudjiyanti, Alfalisyado Alfalisyado, Nur Cw, Lela Maynita","doi":"10.4108/eai.5-8-2020.2301178","DOIUrl":"https://doi.org/10.4108/eai.5-8-2020.2301178","url":null,"abstract":". This research aims to test the influence of profitability, liquidity and book tax differences on profit growth. Profitability is measured by ROE (Return On Equity), while liquidity is measured by CR (Current Ratio), and book tax differences proxy ed by permanent differences and temporary differences. Profit growth is very useful for internal companies to see corporate performance and external companies, it is useful for investors and creditors for making investment decisions. The population of this research is a company listed in the compass index 100 for the period 2013-2017. By purposive sampling method, the number of samples obtained are 86 data. The analysis method of this research used multiple linear regression. The result shows that profitability has a negative effect on the profit growth, while liquidity, the book tax differences have no effect on the profit growth,","PeriodicalId":331092,"journal":{"name":"Proceedings of the 2nd International Conference of Business, Accounting and Economics, ICBAE 2020, 5 - 6 August 2020, Purwokerto, Indonesia","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123425668","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}