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INITIAL PUBLIC OFFERING: NEW EVIDENCE FROM INDONESIA Bonnie Mindosa; Pananda Pasaribu
Journal of Business And Entrepreneurship Vol 8 No 1 (2020): JOURNAL OF BUSINESS AND ENTREPRENEURSHIP (May 2020 Edition)
Publisher : APPS Publications

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Abstract

The authority of capital market in Indonesia has been trying to increase the participation of investors and the number of listed firms to boost the economic growth. Recently, the number of listed firms have increased significantly. However, there are firms that are unable to show good financial performance, in fact several firms entered financial distress and delisting from the market. This essay uses newly listed firms between 2012 and 2019. This essay shows that there exists underpricing in the short term (1-3 days) and underperformance in the long term (1-3 years) after going public. This essay recommends that investors should take advantage the underpricing, but they must be smart in selecting newly listed stocks as some may suffer from credit risk and poor corporate governance.
Pengaruh Board Diversity terhadap Stabilitas Bank: Bukti dari Bank Tercatat di Indonesia Pananda Pasaribu; Masripah Masripah
Jurnal Pasar Modal dan Bisnis Vol 4 No 1 (2022)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37194/jpmb.v4i1.108

Abstract

This research tries to examine the effect of board diversity, namely gender, education, and age on bank stability (credit risk and risk-taking decisions). This study uses listed banks in Indonesia during the period 2010 and 2020, which include foreign banks and governments banks. The estimation method used is panel data regression with fixed-effect method to anticipate endogeneity problems that may arise when analyzing the diversity of directors/commissioners on bank stability. The results of the descriptive analysis show that there is a tendency for Indonesian banks to choose individuals who fill the boards with homogeneous characteristics, particularly the low partipicipation of females on board. However, there is a positive trend during the observation period to increase the diversity of characteristics in these important positions. The results of the regression analysis show that various board diversity can affect bank stability, but the relationship may be affected by bank size, in which large banks may obtain most of benefits of board diversity.
Corporate Governance Mechanism on Financial Performance (Evidence from the Indonesia’s Listed State-owned Enterprises) Anak Agung Kompiyang Ratih Maldini; Pananda Pasaribu; Christian Haposan Pangaribuan
Journal of Business, Management, and Social Studies Vol. 1 No. 1 (2021): Journal of Business, Management, and Social Studies (Apr-Jun 2021)
Publisher : APPS Publications

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (607.283 KB) | DOI: 10.53748/jbms.v1i1.6

Abstract

Objective – This study aims to find the impact of privatization, which proxied by good corporate governance toward the financial performance of SOEs in Indonesia. Methodology – This study used 16 privatized SOEs that are listed in Indonesia Stock Exchange and also 16 privatized non-SOEs as the comparison. The data is collected from the year 2014 to 2018 and analyzed by using multiple regression panel data. Findings – This study found that director size and board independence have a positive impact toward SOEs financial performance. The director size and board independences have a positive significant impact toward the SOEs financial performance while the privatized non-SOEs is not significantly affected Novelty – This study examines proper governance structure in SOEs and non-SOEs, thus providing new insights about good corporate governance regulation in the Indonesian context.
The Influences of Content Creation and Community Building on Purchase Decision during COVID-19: A Case Study of Sociolla Nadiyah Asmaranti Anita Putri; Pananda Pasaribu
Journal of Business, Management, and Social Studies Vol. 2 No. 3 (2022): Journal of Business, Management, and Social Studies (Jul-Sep 2022)
Publisher : APPS Publications

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Abstract

This study aims to ascertain the influence of social media marketing via Instagram, which includes content creation and community building, on purchase decision in Sociolla during the pandemic. This study collected primary data from respondents via questionnaires. The respondents were 101 people with customers who became Sociolla followers and made online purchases on Sociolla during the COVID-19 pandemic. SPSS was used to analyze the data in this analysis. Analytical techniques include multiple linear regression analysis, the t test for partial hypotheses, the F test for simultaneous hypotheses, and the coefficient of determination (R²). This study found that content creation and community development had a significant positive effect on purchase decision. The partial results (t test) indicate that the variables relating to content sharing most influence purchase decision. While concurrently (F test) demonstrates that content creation and community building have a significant effect on purchasing decisions. Although the relationship between community building and purchase decision has been examined in past research, the specific relationships examined in this study in comparison with the content creation-purchase decision relationship has not yet been previously investigated using a local cosmetic brand followers in Indonesia.
Memetakan Hubungan antara Harga Diskon, Kualitas Produk, dan Niat Membeli Secara Impulsif melalui e-Commerce Meisya Wanda; Pananda Pasaribu
Journal of Business, Management, and Social Studies Vol. 2 No. 3 (2022): Journal of Business, Management, and Social Studies (Jul-Sep 2022)
Publisher : APPS Publications

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Abstract

The study aimed to analyze the relationships between price discounts, impulsive purchasing behavior, and perceived quality. This study collected primary data from respondents via questionnaires. Using the Smart PLS tools, this study uses the t-test and data regression to validate the hypothesis. The perceived quality factor performed an essential mediating effect in the relationship between price discounts and impulsive buying. When the direct effect of price discounts on impulsive buying was investigated, it was discovered that price discounts have no effect on people’s impulsive purchase. However, when perceived quality served as a mediator, the feelings created by a price discount led to a positive perception of product and give significant impact on impulsive buying behavior.