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Analisis Komparasi Potensi Kebangkrutan Perusahaan Ritel di Indonesia dengan Metode Altman Z-Score, Springate, dan Zmijewski Annisa Aulia Puspa Anggraeni; Palti MT Sitorus
Liquidity: Jurnal Riset Akuntansi dan Manajemen Vol 8 No 1 (2019)
Publisher : Institut Teknologi dan Bisnis Ahmad Dahlan Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32546/lq.v8i1.325

Abstract

The retail industry or retail trade experienced a slowdown in growth in early 2013 due to the weakening of the rupiah exchange rate, rising prices of raw materials, and the emergence of e-commerce that prevented the retail industry from developing. The impact is some retail companies closed their stores in 2017, so it can be caused bankruptcy. This study aims to determine the bankruptcy potential of 17 retail companies listed on the Indonesia Stock Exchange for the period 2012-2017 using Altman Z-score, Springate, and Zmijewski methods. The result is Altman Z-Score method has an accuracy rate of 33.3% in predicting bankruptcy. The Springate method has an accuracy rate of 63.6%, and the Zmijewski method has an accuracy rate of 61.1%. It means that in predicting the bankruptcy of a retail company, Springate method has the highest level of accuracy.
KEBERHASILAN HOTEL BERWAWASAN RAMAH LINGKUNGAN DI ASIA-PASIFIK: FAKTOR PENDORONG APAKAH YANG DOMINAN? Cut Irna Setiawati; Palti Sitorus
Jurnal Siasat Bisnis Vol. 18 No. 1 (2014)
Publisher : Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jsb.vol18.iss1.art5

Abstract

Saat ini bidang operasional hotel ditekankan untuk lebih memperhatikan isu lingkungan karena dampak kerusakan yang ditimbulkan dari aktivitas perhotelan meningkat dan penggunaan jumlah sumber daya alam yang besar. Namun dalam penerapannya tergantung faktor pendorong antara lain government, customer demand, level of competition, greenness at the organizational level dan attitude toward change. Tujuan dari penelitian ini: (1) mendeskripsikan faktor pendorong dalam penerapan operasional hotel berwawasan ramah lingkungan; dan (2) menemukan faktor dominan penerapan operasional hotel ramah lingkungan pada kawasan Asia dan Pasifik secara spesifik. Berdasarkan tujuan, jenis penelitian ini adalah eksploratif. Teknik analisis dilakukan secara analisis isi (content analysis), analisis-sintesis serta model data reduction, data display dan conclusion drawing/verification. Hasil penelitian menunjukkan bahwa kelima faktor pendorong terdapat pada seluruh objek hotel ramah lingkungan dengan tingkat kekuatan mendorong yang berbeda. Selain itu, diperoleh faktor dominan holistic environmental practices-driven, resort-driven dan government-driven pada kawasan Asia dan Pasifik.Kata kunci: Operasional, Faktor Pendorong, Kinerja Lingkungan.
STRUKTUR MODAL DAN KEPUTUSAN INVESTASI PADA PERUSAHAAN TELEKOMUNIKASI INDONESIA Palti Marulitua Sitorus; D.S. Priyarsono D.S. Priyarsono; Adler Haymans Manurung; Tubagus Ahmad Maulana
Jurnal Keuangan dan Perbankan Vol 18, No 2 (2014): May 2014
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (228.918 KB) | DOI: 10.26905/jkdp.v18i2.797

Abstract

This study aimed to explore the interconnection of capital structure and investment decisions based on therelationship between corporate leverage and investment options. The samples used were telecommunicationcompanies in Indonesia which had already become public companies from 2006 to 2013. The data was processedby using multiple regression technique and t test and F test to see the difference of investment source.This study revealed that an increase in the firm value as a result of an increase in the debts of the company andits increase was different between the companies that the investment came from foreign investment and localinvestment. Investment selection by using the debt was considered to be the correct choice made by management.The value of the company was obtained better by companies that used local investment. Telecommunicationbusiness was still considered by investors to be the prospective industries.
STRUKTUR MODAL OPTIMAL PADA PERUSAHAAN TELEKOMUNIKASI INDONESIA Palti Marulitua Sitorus
Jurnal Keuangan dan Perbankan Vol 17, No 3 (2013): September 2013
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (336.72 KB) | DOI: 10.26905/jkdp.v17i3.758

Abstract

The background of this study was begun with the operational capital needs of telecommunication operators indebt. Bad managing of debt could cause the bankruptcy of the company. The purpose of this research was toknow the optimal capital structure of telecommunication companies in Indonesia. The method used were asimple linear regression and graphs of simulation. The logic was used when a company that used capital withlow cost got high value of company. There were two companies that had an optimal capital structure i.e. PTExcelcomindo Axiata and PT Indosat with optimal capital structure 1, 132 and 1,003.
PENGARUH STRUKTUR MODAL TERHADAP KUALITAS LABA PADA PERUSAHAAN SUB SEKTOR TEKSTIL DAN GARMEN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2016-2018 Rissella Jihan Syanita; Palti MT Sitorus
Jurnal Mitra Manajemen Vol 4 No 3 (2020): Jurnal Mitra Manajemen Edisi Maret
Publisher : Kresna Bina Insan Prima

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (303.234 KB) | DOI: 10.52160/ejmm.v4i3.349

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh struktur modal terhadap kualitas laba pada perusahaan-perusahaan sub sektor tekstil dan garmen yang terdaftar di Bursa Efek Indonesia (BEI) per triwulan periode 2016-2018. Variabel dalam penelitian ini yaitu struktur modal (variabel bebas) diukur dengan membandingkan modal sendiri dan modal pinjaman (DER) dan kualitas laba (variabel terikat) diukur dengan membandingkan cash flow from operating dengan earning before interest and tax (EQ). Jenis penelitian ini adalah kuantitatif dengan menggunakan data sekunder pada lembaga Indonesia dengan sampel laporan keuangan perusahaan. Data dianalisis menggunakan uji regresi sederhana, uji korelasi dan uji-t. Hasil penelitian ini menunjukan bahwa struktur modal berpengaruh tidak signifikan terhadap kualitas laba..
PERAN KEMAMPUAN KEUANGAN SEBAGAI MEDIATOR PENDIDIKAN KEUANGAN DAN KEPUASAN KEUANGAN (STUDI KASUS PADA USIA PRODUKTIF D.I YOGYAKARTA) Eni Rahmawati; Palti MT Sitorus
Jurnal Mitra Manajemen Vol 4 No 3 (2020): Jurnal Mitra Manajemen Edisi Maret
Publisher : Kresna Bina Insan Prima

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (217.917 KB) | DOI: 10.52160/ejmm.v4i3.355

Abstract

Pendidikan keuangan mempunyai banyak manfaat untuk kesejahteraan masyarakat dalam mengatur keuangannya. Dengan masih rendahnya pendidikan keuangan pada usia produktif, peran kemampuan keuangan sebagai mediator pendidikan keuangan perlu mendapat perhatian. Pada penelitian ini akan diteliti mengenai peran kemampuan keuangan sebagai mediator pendidikan keuangan dan kepuasan keuangan. Metode pengumpulan data dilakukan dengan menyebar kuesioner secara langsung kepada masyarakat usia produktif Daerah Istimewa Yogyakrta dengan jumlah 400 responden. Penelitian ini menggunakan teori Baron dan Kenny, kemudian menggunakan Sobel Z test untuk mengetahui pengaruh mediasi kemampuan keuangan dalam hubungan antara pendidikan keuangan dan kepuasan keuangan. Hasil dalam penelitian ini yaitu pendidikan keuangan mempunyai pengaruh yang signifikan terhadap kemampuan keuangan, kemampuan keuangan mempunyai pengaruh yang signifikan terhadap kepuasan keuangan, dan kemampuan keuangan secara parsial terbukti bahwa memediasi hubungan antara pendidikan keuangan dan kepuasan keuangan.
Analisis Pengaruh Financial Knowledge dan Finansial Attitude Terhadap Financial Management Behavior dengan Parental Income sebagai Variabel Intervening (Studi Kasus Pada Generasi-Z Di Kota Bandung) Thasania Fitri Driana; Palti Marulitua Sitorus
SEIKO : Journal of Management & Business Vol 5, No 2 (2022): July - December
Publisher : Program Pascasarjana STIE Amkop Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37531/sejaman.v5i2.2396

Abstract

Abstrak Kegiatan konsumsi yang berlebihan dilakukan oleh generasi Z mencerminkan seberapa mapan mereka dalam mengelola keuangan. Pemahaman literasi keuangan yang sekaligus dapat menilai indikator pengetahuan dan sikap keuangan generasi ini masih tergolong pas-pasan. Keterkaitan antara keadaan parental income dengan kesiapan mereka memberikan uang saku untuk anaknya dapat mempengaruhi gaya hidup yang dimiliki generasi Z. Terlebih populasi mereka yang mendominasi jika dibandingkan generasi lain di Indonesia maupun Kota Bandung. Penelitian ini bertujuan mengetahui pengaruh financial knowledge (X1) dan financial attitude (X2) terhadap financial management behavior (Y) melalui parental income (Z) pada generasi Z di Kota Bandung. Metode penelitian kuantitatif yang digunakan serta pengukuran yang memanfaatkan skala likert dengan populasi adalah masyarakat generasi Z di Kota Bandung sebanyak 395.762 jiwa dengan usia 15 hingga 24 tahun. Teknik sampling yang digunakan adalah purposive sampling dan kuesioner sebagai sumber data primer dengan target sampel sebanyak 400 responden. Penelitian ini menggunakan metode analisis data Structural Equation Modeling (SEM) diolah dengan SmartPLS. Hasil penelitian menjelaskan bahwa terdapat pengaruh yang signifikan pada variabel financial knowledge dan financial attitude terhadap financial management behavior dengan parental income sebagai variabel intervening pada generasi Z di Kota Bandung. Kata Kunci: Financial Knowledge, Financial Attitude, Parental Income, Financial Management Behavior, Generasi Z. Abstract Excessive consumption activities carried out by Generation Z reflects how well they are in managing finances. The understanding of financial literacy which can at the same time assess indicators of financial knowledge and attitudes of this generation is still relatively mediocre. The relationship between the state of parental income and their establishment of providing pocket money for their children can affect the lifestyle of Generation Z. Moreover, their population dominates when compared to other generations in Indonesia and the city of Bandung. This study aims to determine the effect of financial knowledge (X1) and financial attitude (X2) on financial management behavior (Y) through parental income (Z) in generation Z in the city of Bandung. The quantitative research method used as well as measurements using a Likert scale with a population of Generation Z in the city of Bandung as many as 395,762 people with ages 15 to 24 years. The sampling technique used is purposive sampling and questionnaires as the primary data source with a target sample of 400 respondents. This research uses Structural Equation Modeling (SEM) data analysis method processed with SmartPLS. The results of the study explain that there is a significant influence on the financial knowledge and financial attitude variables on financial management behavior with parental income as an intervening variable in Generation Z in Bandung City. Keywords: Financial Knowledge, Financial Attitude, Financial Management Behavior, Parental Income, Z Generation.
Feasibility Study Pembangunan Technopark di Kabupaten Toba Mutiara Zallya Rizkita; Palti Marulita Sitorus; Khairunnisa Khairunnisa; Andry Alamsyah; Maman Abdurohman
Journal on Education Vol 5 No 3 (2023): Journal on Education: Volume 5 Nomor 3 Tahun 2023 In Press
Publisher : Departement of Mathematics Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/joe.v5i3.1316

Abstract

Science and Technology Parks (also known as technoparks) are centers for the efficient and effective sharing of knowledge and resources across various sectors of society, including business, academia, government, and the nonprofit sector. The purpose of this study is to answer the formulation of the problem, namely the Feasibility Study in Technopark Development in Toba Regency. The research method used is qualitative research. Using literature review studies by looking for secondary sources of information, such as previous research, data from affiliated organizations, local village records, and so on. The results of the study show that within 10 years, the NPV is IDR 679,597,945 with income increasing every year until the fifth year, because the NPV value is positive, the NPV is acceptable and the PP calculation itself is for 5.5 years. The conclusion obtained from the Technopark development in Toba Regency can be said to be feasible and with the existence of this Technopark it can be a breakthrough in business.
Analisis Pengaruh Economic Value Added (EVA), Return On Asset (ROA) Dan Return On Equity (ROE) Terhadap Market Value Added (MVA) Luthfiyani Zahrah Alfairah; Palti Marulitua Sitorus
Journal of Economic, Bussines and Accounting (COSTING) Vol 7 No 1 (2023): COSTING : Journal of Economic, Bussines and Accounting
Publisher : Institut Penelitian Matematika, Komputer, Keperawatan, Pendidikan dan Ekonomi (IPM2KPE)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31539/costing.v7i1.6418

Abstract

This study aims to find out the influence of EVA, ROA, and ROE on MVA both partially and simultaneously on companies listed in the highway, airport, port, and allied products sub-sector on the Indonesian Stock Exchange in 2017-2021. The sum of EVA, ROA, and ROE as free variables (independent), while MVA variables as bound variables dependent). The population in this study is listed in the Sub-sector of toll roads, airports, ports, and allied products on the Indonesia Stock Exchange from 2017-2021. Three companies used samples. The sampling technique used in this study was purposive sampling. The data analysis technique used is descriptive statistics. The results of the data obtained will be processed using IBM SPSS 26. Research results show that EVA partially has no significant relationship with MVA, while ROA and ROE have significant relationships with MVA. And EVA, ROA, and ROE simultaneously have no effect on MVA. The results of this study are expected to provide new knowledge to readers. Especially investors who will start investing are expected to pay attention to other factors besides EVA, ROA, and ROE. Keywords: Economic Value Added, Return On Assets, Return On Equity, Market Value Added, IBM SPSS 26