{"title":"EFFECT OF OPERATING CASH FLOW AND ACCOUNTING PROFIT ON STOCK RETURN","authors":"Intan Juniarti, Bambang Satriawan","doi":"10.56107/penanomics.v2i1.102","DOIUrl":"https://doi.org/10.56107/penanomics.v2i1.102","url":null,"abstract":"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","PeriodicalId":445570,"journal":{"name":"PENANOMICS: International Journal of Economics","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125673295","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}
I. Zulkarnain, Riyanti, Sampor Ali, Erika Angelina
{"title":"IMPACT OF CORPORATE OWNERSHIP CONTROL AGAINST COMPANY VALUE","authors":"I. Zulkarnain, Riyanti, Sampor Ali, Erika Angelina","doi":"10.56107/penanomics.v2i1.97","DOIUrl":"https://doi.org/10.56107/penanomics.v2i1.97","url":null,"abstract":"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. \u0000 ","PeriodicalId":445570,"journal":{"name":"PENANOMICS: International Journal of Economics","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115485501","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 EFFECT OF HUMAN RESOURCE DEVELOPMENT ON EMPLOYEE PERFORMANCE AT PT. NUSANTARA PLANTATION V PEKANBARU","authors":"Zakaria, A. Rahman, Suyatni","doi":"10.56107/penanomics.v2i1.104","DOIUrl":"https://doi.org/10.56107/penanomics.v2i1.104","url":null,"abstract":"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. \u0000 ","PeriodicalId":445570,"journal":{"name":"PENANOMICS: International Journal of Economics","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121566165","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":"INTELLECTUAL CAPITAL AND COMPANY VALUE IN MINING COMPANIES ON THE INDONESIA STOCK EXCHANGE","authors":"A. Hanifah, I. Zulkarnain, Riyanti, Dea Herliyana","doi":"10.56107/penanomics.v2i1.103","DOIUrl":"https://doi.org/10.56107/penanomics.v2i1.103","url":null,"abstract":"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.","PeriodicalId":445570,"journal":{"name":"PENANOMICS: International Journal of Economics","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127967971","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 EFFECT OF COMPENSATION, WORK DISCIPLINE AND MOTIVATION ON EMPLOYEE PRODUCTIVITY IN THE SERVICE PEKANBARU CITY MSME COOPERATIVE","authors":"Hendri Arulan, Ibnu Ramadhan Imanuullah, Sabri","doi":"10.56107/penanomics.v2i1.94","DOIUrl":"https://doi.org/10.56107/penanomics.v2i1.94","url":null,"abstract":"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.","PeriodicalId":445570,"journal":{"name":"PENANOMICS: International Journal of Economics","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116877487","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":"HIGHER EDUCATION GOVERNANCE ANALYSIS (EMPIRICAL STUDY ON MUHAMMADIYAH UNIVERSITY IN JAKARTA)","authors":"Haris Sarwoko","doi":"10.56107/penanomics.v2i1.96","DOIUrl":"https://doi.org/10.56107/penanomics.v2i1.96","url":null,"abstract":"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.","PeriodicalId":445570,"journal":{"name":"PENANOMICS: International Journal of Economics","volume":"318 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126754376","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 ELECTRONIC WORD OF MOUTH AND SOCIAL MEDIA MARKETING ON BRAND IMAGE AND INTEREST IN BUYING E-COMMERCE COSMETIC PRODUCTS","authors":"Ismed Jayad, A. Wahyu, Sumardi","doi":"10.56107/penanomics.v2i1.95","DOIUrl":"https://doi.org/10.56107/penanomics.v2i1.95","url":null,"abstract":"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.","PeriodicalId":445570,"journal":{"name":"PENANOMICS: International Journal of Economics","volume":"92 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129282005","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 EFFECT OF PRICES AND PROMOTIONS ON LUTI DRUM BUYING DECISION IN TANJUNG PINANG","authors":"Herri Sumantoro, Muhammad Imam Tabrani, Sabri","doi":"10.56107/penanomics.v2i1.99","DOIUrl":"https://doi.org/10.56107/penanomics.v2i1.99","url":null,"abstract":"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","PeriodicalId":445570,"journal":{"name":"PENANOMICS: International Journal of Economics","volume":"106 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124746739","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}
Nazifah Husainah, Maswanto Maswanto, M. Yusuf, Hapzah Shalsa Sabila
{"title":"APPLICATION OF HUMAN RESOURCE MANAGEMENT FREE OF ISLAMIC VALUES","authors":"Nazifah Husainah, Maswanto Maswanto, M. Yusuf, Hapzah Shalsa Sabila","doi":"10.56107/penanomics.v1i3.75","DOIUrl":"https://doi.org/10.56107/penanomics.v1i3.75","url":null,"abstract":"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.","PeriodicalId":445570,"journal":{"name":"PENANOMICS: International Journal of Economics","volume":"9 2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116656201","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}
Heru Kuncorowati, Heru Noor Rokhmawati, Lalu Supardin
{"title":"The Effect of Job Satisfaction and Employee Loyalty on Employee Performance","authors":"Heru Kuncorowati, Heru Noor Rokhmawati, Lalu Supardin","doi":"10.56107/penanomics.v1i3.50","DOIUrl":"https://doi.org/10.56107/penanomics.v1i3.50","url":null,"abstract":"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","PeriodicalId":445570,"journal":{"name":"PENANOMICS: International Journal of Economics","volume":"73 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127390915","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}