Proceedings of the 2nd International Conference on Inclusive Business in the Changing World最新文献_第9页

Do Free Cash Flow to Firm and Relative Valuation Method Work in Valuing Building and Construction Companies? : A Test in IDX in 2018 企业自由现金流和相对估值法在评估建筑公司价值时有效吗?: 2018年IDX测试

Proceedings of the 2nd International Conference on Inclusive Business in the Changing World Pub Date : 1900-01-01 DOI: 10.5220/0008427700740084

R. Hendrawan, Florent Ardhi Permadi

{"title":"Do Free Cash Flow to Firm and Relative Valuation Method Work in Valuing Building and Construction Companies? : A Test in IDX in 2018","authors":"R. Hendrawan, Florent Ardhi Permadi","doi":"10.5220/0008427700740084","DOIUrl":"https://doi.org/10.5220/0008427700740084","url":null,"abstract":": This research aimed to take a fair valuation in estimating the stock price at the building construction companies listed in IDX 2018 using DCF method within the FCFF approach and relative valuation methods including PER and PBV. Three scenarios involved; pessimistic scenario (average industry condition), moderate scenario (the most potential condition) and optimistic scenario (the condition above industry growth). The research data were derived from historical data 2013 - 2017 which considered as the reference for the projection years; 2018-2022. Results of this research presented that using DCF method, in the optimistic, moderate, and pessimistic scenario, the intrinsic value of ADHI is overvalued; WSKT is overvalued; WIKA is undervalued, and PTPP is undervalued. Furthermore, in Relative Valuation method within PER approach, the PER value of ADHI in the optimistic, moderate and pessimistic scenario is 4.19, 3.73, and 3.32; WSKT 3.51, 3.13, and 2.38; WIKA 33.8, 33.4, and 26; PTPP 13.7, 13.7, and 13.6. In PBV approach, the PBV value of ADHI in optimistic, moderate and pessimistic scenario is 0.76, 0.64, and 0.54; WSKT 0.64, 0.56, and 0.42; WIKA 4.03, 3.95, and 3.04; PTPP 2.49, 2.49, and 2.47. The conclusion of this research recommends buying ADHI, WSKT, WIKA and PTPP shares.","PeriodicalId":431248,"journal":{"name":"Proceedings of the 2nd International Conference on Inclusive Business in the Changing World","volume":"32 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":"133677967","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}

引用次数: 3

Optimal Capital Structure for Indonesian State-Owned Electricity Company 印尼国有电力公司的最优资本结构

Proceedings of the 2nd International Conference on Inclusive Business in the Changing World Pub Date : 1900-01-01 DOI: 10.5220/0008436007290737

Marita Putri Nirbaya, A. Prasetyo

{"title":"Optimal Capital Structure for Indonesian State-Owned Electricity Company","authors":"Marita Putri Nirbaya, A. Prasetyo","doi":"10.5220/0008436007290737","DOIUrl":"https://doi.org/10.5220/0008436007290737","url":null,"abstract":": Electricity is important in our lives since it is crucial for our basic needs. Along with the inclining population numbers each year, the demand for the electricity also inclining. However, electricity business needs huge amount of investments since the plant and the operational cost are not cheap. There are several funding sources that are possible, it could be inside or outside Indonesia. included as capital-intensive business, business in electricity sector needs massive investments. The source of the funding may vary, it could be from outside or inside Indonesia. In Indonesia, the company that appointed by the government to generate, transmit and distribute electricity is PT PLN Persero. The company itself needs to know their combination of the debt and equity that could generate maximum value of the company or it is known as its optimal capital structure. The theory that is based in this research is the theory from Gitman and Zutter (2015) that said that to maximize firm value we need to maximize the firm’s weighted average cost of capital (WACC). From the calculation of the model used in this research, it is obtained weight combination of 20% domestic cost of equity, 39.66% domestic cost of debt and 40.34% global cost of debt.","PeriodicalId":431248,"journal":{"name":"Proceedings of the 2nd International Conference on Inclusive Business in the Changing World","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":"127832996","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}

引用次数: 0

Should Telkom do IPO for Telkomsel ? Telkom应该为Telkomsel进行IPO吗?

Proceedings of the 2nd International Conference on Inclusive Business in the Changing World Pub Date : 1900-01-01 DOI: 10.5220/0008431003370347

E. A. Hidayat, R. Hendrawan

引用次数: 1

The Effect of eWom, Brand Image, Brand Trust on Community Intelligence eom、品牌形象、品牌信任对社区智慧的影响

Proceedings of the 2nd International Conference on Inclusive Business in the Changing World Pub Date : 1900-01-01 DOI: 10.5220/0008429101900195

K. Putri, Saparuddin Mukhtar, S. B. Istiyanto

{"title":"The Effect of eWom, Brand Image, Brand Trust on Community Intelligence","authors":"K. Putri, Saparuddin Mukhtar, S. B. Istiyanto","doi":"10.5220/0008429101900195","DOIUrl":"https://doi.org/10.5220/0008429101900195","url":null,"abstract":"This research aims to analysis the effect of eWOM, Brand Image, Brand Trust on Community Intelligence. Electronic word of mouth is marketing through new media that is very prevalent today. Brand trust is a consumer need that is trusted by consumers. Community intelligence is a condition of society at the level of education and economic empowerment of the community. This research was carried out by previous research by H. Samuel, Keane and Smith. This research is positivist by predicting future conditions on the problem. The research respondents were the people in the big city in Indonesia. The results of the study were the influence of eWom, brand image, community brand trust has a good influence on people's intelligence. EWom is very potential in this condition. Brand image positive potential for these variables. The intelligence of the Indonesian people is very active in new media. Brand image in Indonesian society does not yet have the same standard. Brand trust in Indonesian society has many variations. The community does not have a brand image at this time. People believe in trends. The conclusion of the research is the influence of electronic research on word of mouth, brand image, brand trust towards people's intelligence.","PeriodicalId":431248,"journal":{"name":"Proceedings of the 2nd International Conference on Inclusive Business in the Changing World","volume":"7 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":"127057879","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}

引用次数: 1

Coal Mining Listed Companies and Their Value: Evidence from Indonesia Stock Exchange 煤矿类上市公司及其价值:来自印尼证券交易所的证据

Proceedings of the 2nd International Conference on Inclusive Business in the Changing World Pub Date : 1900-01-01 DOI: 10.5220/0008427300350044

Anang Dwi Cahyono, R. Hendrawan

{"title":"Coal Mining Listed Companies and Their Value: Evidence from Indonesia Stock Exchange","authors":"Anang Dwi Cahyono, R. Hendrawan","doi":"10.5220/0008427300350044","DOIUrl":"https://doi.org/10.5220/0008427300350044","url":null,"abstract":"Trend of fluctuating stock price and returns can influence investment decisions, so valuations are needed to minimize investment risk. This research aimed to assess the fair value of stock price at Coal Mining Companies listed in IDX 2018. Using Discounted Cash Flow Methods with Free Cash Flow to the Firm approach and to validate the result using relative valuation methods with PER and PBV approach. The sample of this research are ADRO, BYAN, and PTBA which are the big three coal mining company. The research data were derived from historical data years 2013 – 2017 which considered as the reference for the projection years 2018-2022 involving three scenarios namely pessimistic, moderate and optimistic scenario and the value of the research compared within market price on January 2, 2018. Findings from this research showed that using DCF-FCFF method fair value of ADRO, BYAN, and PTBA has undervalued in all scenario. Furthermore, in relative valuation method within PER and PBV approach showed PER and PBV of all sample this research is within the industry range that means a result of the calculation is proper. The conclusion of this research is to recommend buying ADRO, BYAN and PTBA shares.","PeriodicalId":431248,"journal":{"name":"Proceedings of the 2nd International Conference on Inclusive Business in the Changing World","volume":"40 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":"131332491","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}

引用次数: 3

Recommendation on Valuation and Budgeting in Start-Up Company PT X 关于创业公司价值评估与预算编制的建议

Proceedings of the 2nd International Conference on Inclusive Business in the Changing World Pub Date : 1900-01-01 DOI: 10.5220/0008433905770583

A. K. Ong, Budi Frensidy

{"title":"Recommendation on Valuation and Budgeting in Start-Up Company PT X","authors":"A. K. Ong, Budi Frensidy","doi":"10.5220/0008433905770583","DOIUrl":"https://doi.org/10.5220/0008433905770583","url":null,"abstract":"This research aims to get and give a recommendation on valuation calculation at PT X, a start-up company that mainly does management consultation with technology-based, also to suggest on financial planning and control to achieve the projected financial result with the desired valuation. With valuation on hand, PT X can explore the possibility get fund from the investor or even to go public. Financial planning is very crucial for PT X that is currently only having sales target without having profit and loss budgeting or cash flow projection. Financial control is also urgently required by PT X that is presently facing an extremely high burn rate. After assessed use multiple valuation methods, it resulted mostly on positive valuation, which means PT X has the potential to take funding option, either from a loan or additional capital from the investor. However, PT X need to do proper financial planning and control to achieve that valuation result. Financial planning through participative budgeting is the alternatives that PT X can use to build their financial budget. Meanwhile, monthly financial control through variance analysis both on cash flow and profit and loss statement is required to do.","PeriodicalId":431248,"journal":{"name":"Proceedings of the 2nd International Conference on Inclusive Business in the Changing World","volume":"426 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":"133650112","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}

引用次数: 0

Developing Autonomous Maintenance through FMEA-RCM Models to Reduce % Machine Breakdown in Food and Beverages Industry 通过FMEA-RCM模型开发自主维护以减少食品和饮料行业的机器故障

Proceedings of the 2nd International Conference on Inclusive Business in the Changing World Pub Date : 1900-01-01 DOI: 10.5220/0008434706350639

David Rahmad Iswidibyo, G. Nugroho, Arif Al Imam, Hari Junianto, Resti Isma Astutik, Terha Hadi, Karen Puspasari

{"title":"Developing Autonomous Maintenance through FMEA-RCM Models to Reduce % Machine Breakdown in Food and Beverages Industry","authors":"David Rahmad Iswidibyo, G. Nugroho, Arif Al Imam, Hari Junianto, Resti Isma Astutik, Terha Hadi, Karen Puspasari","doi":"10.5220/0008434706350639","DOIUrl":"https://doi.org/10.5220/0008434706350639","url":null,"abstract":"In order to reduce % of breakdown (9 to 16% in semester 1 of 2018) in filling machine type A, Nutrifood Cibitung factory implemented Autonomous Maintenance (AM). Which, operator involves in the maintenance process of the production machine. AM also supports and emphasizes in the proactive-preventive maintenance in the Engineering department. In this research, autonomous maintenance task was developed using Failure Mode Effect Analysis (FMEA) and Reliability Centered Maintenance (RCM) on each part of the machine to determine every failure possibility and the root causes. Autonomous maintenance is developed through an understanding of existing problems or a history of machine breakdown and minimizing the source of deteroriation (Sara, 2015). FMEA-RCM is used to determine every failure possibility and the root causes of the failure. This failure possibility was prevented through the certain task (when, where & how) that is conducted in autonomous maintenance by operator. Scope of the task is limited to 4 tasks: Cleaning, Lubrication, Inspection, and Tightening (CILT) in filling machine type A of Nutrifood Cibitung Factory. Implementation of autonomous maintenance that was developed through FMEA-RCM framework has reduced 40-60% breakdown level from semester 1 of 2018 in filling machine type A. This maintenance activity provides initial detection of a failure in the machine which triggers the maintenance team to fix the problem before getting worse. Autonomous Maintenance also standardizes and increases operator skills in doing maintenance of their machine.","PeriodicalId":431248,"journal":{"name":"Proceedings of the 2nd International Conference on Inclusive Business in the Changing World","volume":"115 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":"133724483","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}

引用次数: 0

Time-Driven Activity based Costing Method for Calculating Unused Capacity of Endoscopy Services: A Case Study of Xyz Hospital 基于时间驱动的活动成本法计算内窥镜服务的未使用容量:Xyz医院的案例研究

Proceedings of the 2nd International Conference on Inclusive Business in the Changing World Pub Date : 1900-01-01 DOI: 10.5220/0008431503800387

Roberta Fifin Amandaningrum, Thomas H. Secokusumo

{"title":"Time-Driven Activity based Costing Method for Calculating Unused Capacity of Endoscopy Services: A Case Study of Xyz Hospital","authors":"Roberta Fifin Amandaningrum, Thomas H. Secokusumo","doi":"10.5220/0008431503800387","DOIUrl":"https://doi.org/10.5220/0008431503800387","url":null,"abstract":": Competition in the healthcare industry and the growth of Endoscopy services prompted XYZ Hospital to evaluate the cost of its services. Management of quality and cost control are key to success in applying value-based healthcare strategy. The purpose of this case study is to demonstrate how Time-Driven Activity Based Costing (TDABC) method is applied in Endoscopy unit of XYZ Hospital by understanding the service processes and the indirect cost allocation using time as the main cost driver so that unused capacity can be identified, and capacity-based income statement can be prepared for better cost control. This is a descriptive case study with qualitative and quantitative approaches through cost analysis in the Endoscopy unit. Data collection based on XYZ Hospital database from January to December 2017 and the results of interviews and a direct observation conducted in October and November 2018. The result of this case study concludes that TDABC enables detail and accurate cost and profitability analysis of endoscopy services where indirect costs are allocated according to the actual usage of resources. Therefore, the efficiency indicator for cost control can be clearly defined and more measurable by showing the unused capacity of each resource group in the capacity-based income statement.","PeriodicalId":431248,"journal":{"name":"Proceedings of the 2nd International Conference on Inclusive Business in the Changing World","volume":"64 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":"115533171","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}

引用次数: 0

Hotel Attributes, Satisfaction, and Travellers’s Intention to Revisit Bali Cultured Hotels 酒店属性，满意度，和游客的意愿重温巴厘岛文化酒店

Proceedings of the 2nd International Conference on Inclusive Business in the Changing World Pub Date : 1900-01-01 DOI: 10.5220/0008429201960202

T. Handriana, Ketut Suryadinata Putra

引用次数: 1

Developing New Wave Marketing Initiatives to Optimize Bancassurance Distribution Channel: Case Study: PT ABL 开发新浪潮营销策略以优化银行保险分销渠道:案例研究:PT ABL

Proceedings of the 2nd International Conference on Inclusive Business in the Changing World Pub Date : 1900-01-01 DOI: 10.5220/0008432604700481

A. Saputra, A. Wicaksono

{"title":"Developing New Wave Marketing Initiatives to Optimize Bancassurance Distribution Channel: Case Study: PT ABL","authors":"A. Saputra, A. Wicaksono","doi":"10.5220/0008432604700481","DOIUrl":"https://doi.org/10.5220/0008432604700481","url":null,"abstract":"Bancassurance is a business model that enables life insurance companies to sell their insurance products through their partnered banks. As part of its strategy, PT ABL has been focusing on the development of its bancassurance channel to help boost the company’s market share in the domestic life insurance market. The objective of this research is to develop marketing initiatives that can help PT ABL optimize its bancassurance channel in the current digital era. Prior to developing the proposed solution, both of the external and internal environment of the business are analyzed using Kotler’s anatomy of change, Porter’s five forces, STP, and marketing mix 4P’s frameworks. Purposive sampling method was used in this research. The primary data is obtained from interviews with internal respondents and a survey to external respondents. The survey shows that the three major factors that can positively drive the purchase decision are customer service quality, brand image, and premium price. Using both new wave marketing and marketing 4.0 concepts, the proposed marketing initiatives focus on improving customer experiences across the new customer path. To optimize its bancassurance channel, PT ABL needs to increase its brand awareness and improve its customer service quality through digitalization across its customer value chain.","PeriodicalId":431248,"journal":{"name":"Proceedings of the 2nd International Conference on Inclusive Business in the Changing World","volume":"262 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":"120894016","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}

引用次数: 1