Dadang Hermawan
Department of Accounting, Politeknik Negeri Bandung, Bandung, Indonesia

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Journal : Indonesian Journal of Economics and Management

Analysis of Optimal Capital Structure in the Pharmaceutical Industry Companies Listed on the Indonesia Stock Exchange Wulan Hamida; Ine Mayasari; Banter Laksana; Dadang Hermawan
Indonesian Journal of Economics and Management Vol 3 No 1 (2022): Indonesian Journal of Economics and Management (November 2022)
Publisher : Jurusan Akuntansi Politeknik Negeri Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35313/ijem.v3i1.3117

Abstract

Capital structure policy is used to help companies determine the optimal composition of capital between debt and equity. This study aims to determine the optimal capital structure of companies in the pharmaceutical industry listed on the Indonesia Stock Exchange for the 2015-2019 period. The data used is secondary data obtained from the financial statements of PT Indofarma Tbk, PT Herbal and Pharmaceutical Industries sido Appear Tbk, PT Kimia Farma Tbk, and PT Merk Tbk which are processed using the method of calculating the cost of capital and comparing returns. On Equity (ROE) with a weighted average cost of capital (Average Weight Cost of Capital). The results showed that PT Indofarmas Tbk had an optimal structure in 2015 and 2019. PT Industri Jamu and Pharmacy Sido Appear Tbk had an optimal capital structure from 2015 to 2017, and PT Kimia Farma Tbk and PT Merk Tbk had an optimal capital structure from 2015. 2015 to 2019. These results can be seen from the ROE generated by the company, which is greater than the WACC in each period.
Effect of Capital Adequacy Ratio and Operational Efficiency Ratio on Return on Assets at PT Bank Negara Indonesia Tbk. Amanda Adelina Putri; Dadang Hermawan; Endang Hatma Juniwati; Tjetjep Djuwarsa
Indonesian Journal of Economics and Management Vol 3 No 2 (2023): Indonesian Journal of Economics and Management (March 2023)
Publisher : Jurusan Akuntansi Politeknik Negeri Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35313/ijem.v3i2.3791

Abstract

This study examines the effect of Capital Adequacy Ratio (CAR) and Operational Efficiency Ratio (OER) on PT Bank Negara Indonesia (Persero) Tbk's Return on Assets (ROA). 2010-2020 This analysis utilizes data from PT. Bank Negara Indonesia (Persero) Tbk's 2010-2020 Financial Report. This study uses secondary data from financial statements and then uses multiple linear regression as a quantitative descriptive method IBM SPSS version 20 was used in this investigation. The regression model in this study successfully completed a test of classical assumptions, indicating that the data are normally distributed and devoid of multicollinearity, heteroscedasticity, and autocorrelation. CAR and OER were both found to have negative impacts on ROA by multiple regression analysis. Hence, Between 2010 and 2020, the ROA of PT Bank Negara Indonesia (Persero) Tbk will be impacted by CAR and OER.
Navigating Uncertain Times: Comparative Analysis of Islamic Banking Financial Performance in Indonesia Before and During the Covid-19 Pandemic Azwar Afandi; Dadang Hermawan
Indonesian Journal of Economics and Management Vol 3 No 2 (2023): Indonesian Journal of Economics and Management (March 2023)
Publisher : Jurusan Akuntansi Politeknik Negeri Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35313/ijem.v3i2.5312

Abstract

This study analyzes the comparison of the financial performance of Islamic banks in Indonesia before and during the Covid-19 pandemic. The population used in this study consists of Islamic Commercial Banks in Indonesia. The research method employed is quantitative research with a comparative approach using IBM SPSS Statistics 25 software. The data used are secondary data in the form of financial reports published by each company's website from 2018 to 2021. The results of this study indicate significant differences in CAR and ROA ratios between before and during the Covid-19 pandemic. However, there are no significant differences in NPF, OER, and FDR ratios between before and during the Covid-19 pandemic. Furthermore, there are significant simultaneous differences in financial performance before and during the Covid-19 pandemic. This comparative analysis sheds light on the dynamic nature of Islamic banking financial performance during the Covid-19 pandemic. The findings provide valuable insights for policymakers, bank regulators, and industry stakeholders in understanding the sector's resilience and the need for adaptive strategies during times of crisis.