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Kajian Efektivitas Program Corporate Social Responsibility (CSR) Yayasan Unilever Indonesia Irwanto, Abdul Kohar; Prabowo, Angga
Jurnal Manajemen Vol 1, No 1 (2009): Jurnal Manajemen, Agustus 2009
Publisher : Jurnal Manajemen

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Abstract

Since the year of 2000 until 2007, PT Unilever Indonesia Tbk has put in place the CSR program into the working agenda of the company from the corporate structure through the whole related business part. The company has been emphasizing the effort to achieve the better prosper of public quality of life. The main objective of the research is to understand the effectiveness of the CSR program of Unilever Indonesia Foundation as part of the CSR program definition which so far has been conducted and in order to compare the CSR program among other similar companies. The information and data that has been collected within this research are covering both the primary and secondary data based on the date of August 2008 to October 2008. The method of the analysis are using the descriptive analysis and Rank Spearman correlation analysis. Based on the research, to conclude, there are three CSR program operated by the Unilever Indonesia Foundation which include environmental program, recycling, and education. Based on the regression analysis, the results show the factors affecting the environmental program that are including organizational issue and priority of needs. As for the recycle program, the factors that affect the effectiveness of the CSR program are the party who receive the support and organizational issue. Additionally, the education program is mainly driven by the priority of needs.Keywords: Effectiveness, Corporate Social Responsibility, Environmental Preservation.
Strategi Optimasi Sistem Manajemen Risiko Pembiayaan pada Bank Jabar Banten Syariah Sharif, Adnan; Irwanto, Abdul Kohar; Maulana, Tubagus Nur Ahmad
MANAJEMEN IKM: Jurnal Manajemen Pengembangan Industri Kecil Menengah Vol 10, No 2 (2015): MANAJEMEN IKM
Publisher : Institut Pertanian Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (724.254 KB) | DOI: 10.29244/mikm.10.2.143-150

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One of the success indicator for the bank into manage their financing risk is a Non Performing Financing (NPF) level. On the last three years, BJB Syariah?s NPF trend keep increased, then be required a research to find out profile and financing risk level that be faced by BJB Syariah. This research has some objective to: (1) Analyzing of financing risk level that be faced by BJB Syariah and (2) Analyzing, reviewing of management such as mitigation program for financing risk that be faced by BJB Syariah. To analyzing financing risk level has been used CreditRisk+ model, meanwhile to reviewing management and financing risk mitigation has been used internal and external analysis, SWOT analysis (Strengths, Weaknesses, Opportunities and Threats) and AHP (Analytical Hierarchy Process). The result from this research is profile and financing risk level of BJB Syariah still quite fit. This matter looks from expected loss period 2012-2014 still can be covered by reserved productive asset that has been done by BJB Syariah. Strategy that needed to be performed as follows enhancement director act to make a financing strategic policy such as financing portfolio spread for industry sectors that has fit prospect, making feasibility valuation for new debtor with more prudent and right on target also strengthen character valuation for new debtor using credit bureau until scorecard method
STRATEGI PENINGKATAN PENGELOLAAN BARANG MILIK DAERAH PADA PEMERINTAH KABUPATEN KEPULAUAN ANAMBAS Syahputra, Khoirul; Syaukat, Yusman; Irwanto, Abdul Kohar
Jurnal Manajemen Pembangunan Daerah Vol 10, No 1 (2018)
Publisher : Program Studi Manajemen Pembangunan Daerah. Fakultas Ekonomi dan Manajemen. IPB

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (207.679 KB) | DOI: 10.29244/jurnal mpd.10.1.%p

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ABSTRACTReformation agenda is in various fields. One of the reformation agenda is in implementing the good governance. Regulation of the home affairs minister No. 19 Year 2016 is the regulation to rule local government wealth becoming adequated, informative, transparent and accountable. The purpose of this study are evaluating, knowing and describing the regional management assets. This study also formulating priority strategies to improve regional assets management of the Anambas government. The data consists of primary and secondary data. Primary data was obtained from direct observation, interview and questioners with purposive sampling method. While the secondary data was obtained from literature and related documents. This study use rating scale analysis, SWOT and QSPM analysis. This study has shown the weaknesses of the human resources competeny in assets management was caused by lackig in guidance, supervision and controlling which influenced the assets managements performance. The priority strategy was improving the quality of human resources in managing and reporting the local goverment assets.Key words :  Strategy, improvement  management of BMDABSTRAKReformasi diberbagai bidang di pemerintahan salah satunya adalah manisfestasi pelaksanaan prinsip tata kelola pemerintahan yang baik (good governance), Permendagri No. 19 Tahun 2016 tentang pengelolaan BMD adalah wujudnya aturan yang mengatur suatu sistem pengelolaan kekayaan daerah yang memadai, informatif, transparan dan akuntabel. Tujuan penelitian ini untuk mengevaluasi, mengetahui dan mendeskripsikan proses pengelolaan BMD dan merumuskan strategi yang perlu diprioritaskan dalam meningkatkan pengelolaan BMD pada Pemerintah Kabupaten Kepulauan Anambas. Data penelitian ini terdiri dari data primer dan data sekunder, data primer diperoleh dengan cara observasi langsung, wawancara dan penyebaran kuesioner kepada responden yang dipilih secara sengaja (purposive sampling). Sedangkan untuk mendapatkan data sekunder berasal dari studi pustaka dan kajian terhadap dokumen terkait. Metode analisis yang digunakan untuk menjawab tujuan penelitian adalah : analisis rating scale, analisis SWOT dan metode QSPM.  Hasil penelitian menunjukkan bahwa lemahnya komptensi SDM pengelola BMD tidak terlepas dari kurang optimalnya pembinaan, pengawasan dan pengedalian pada pengurus BMD dan ini juga berdampak pada kinerja aparatur pengelola BMD. Strategi prioritas yang tepat untuk diimplementasikan yaitu peningkatan kualitas SDM pengurus BMD dalam mengelola dan menyusun laporan BMD.Kata kunci: Strategi, Peningkatan Pengelolaan BMD.
Strategi Peningkatan Kinerja Perusahaan Berdasarkan Keunggulan Kompetitif yang Berkelanjutan dan Perencanaan Sumber Daya Purnama, Dase; Purwanto, Budi; Irwanto, Abdul Kohar
Jurnal Manajemen dan Organisasi Vol 9, No 1 (2018): Jurnal Manajemen dan Organisasi
Publisher : Institut Pertanian Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (505.598 KB) | DOI: 10.29244/jmo.v1i1.25337

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Optimization of resources can be achieved by using technology to improve operating performance in order to support the company's business activities. This study was conducted in the implementation of Enterprise Resource Planning (ERP) system in plantation company conducted by PT Kencana Group in 16 subsidiaries, five subsidiaries have implemented ERP as an effort of transformation in using information system. Information and Technology can provide a competitive advantage for the company by adding value to various aspects such as increased operational performance and cost reduction. The research aims to identify the utilization of the company's ERP, ERP implementation measure performance, identify factors that affect the performance of the company, as well as measuring the impact of ERP on business performance. Methods of data analysis used in this research is descriptive and qualitative analyzes to provide a general overview of the study. Inter-variable relationship analysis was done by structural equation modeling (SEM) with partial least square approach using SmartPLS software. Hypothesis test is done by regression analysis to measure the validity and significance of influence of each veriabel, and to estimate the direction and magnitude of its influence respectively. The results showed that there is a significant influence of performance factors of ERP utilization that can affect company performance. Operating performance increased by 1% would increase the net profit margin amounted to 38.7%. Furthermore, enterprise resource planning and sustainable competitive advantage have a positive effect on company performance with general and environmental cost factor significantly less than 0.05. The impact of ERP on the performance of the company has decreased the cost of general expenses. While the impact of SCA on the company's perceived performance at this time is that the environment such as the acreage still has not reached the hectare per staple, and the standard number of labor has not been in accordance with the normative of the garden area.
ANALISIS PENGARUH RASIO KEUANGAN TERHADAP PROBABILITAS KEBANGKRUTAN EMPAT BANK DALAM KELOMPOK LG 45 DI BURSA EFEK INDONESIA Agus, Sekargita; Irwanto, Abdul Kohar; Maulana, Tubagus Nur Ahmad
Widyariset Vol 17, No 1 (2014): Widyariset
Publisher : LIPI-Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (995.082 KB)

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Bank is an entity that acts as a financial intermediary that puts the public funds entrusted to it, to be dis- tributed back to the community in form of loans, and the business world at large in form of credit. Outstanding funds through banks can be optimized to support the investment, which in turn encourages economic growth, and improves standards of living and equitable development. Therefore, the banking operations should be monitored closely by the stakeholders. The purpose of this study was to analyze the probability of bankruptcy of the banking sector and to analyze the relationship between accounting information in form of financial ratios (APB, ROA, ROA, ROE, LDR, NPL, ATTM, CAR, and NIM) to the probability of default (PD) by using KMV Merton. The object of this study is banks that are consistent listed in LQ 45 period 2009–2012 and issuing bond. The research result showed that the probability of bank failure from KMV Merton models give an indication of low level of bank failures with the highest rating of AAA, so PT Bank Rakyat Indonesia Tbk., PT Bank Mandiri Tbk, PT Danamon Indonesia Tbk., and PT BPD of West Java and Banten Tbk. are worth to be invested. The regression analysis of financial ratios can explain 88.44% in PD equation model. Based on the regression analysis performed, the independent variables in the regression have a significant effect on the dependent variable of the banks listed in LQ-45, which is the Operating Expenses to Operating Income (ROA) has a positive influence on PD and Against Capital Fixed Assets (ATTM ) has a negative effect on PD.
MANAJEMEN KONSERVASI ENERGI LISTRIK MELALUI PENDEKATAN FINANCIAL ASSESSMENT PADA PT XYZ Mukarom, Ajen; Irwanto, Abdul Kohar; Tambunan, Armansyah H.
Widyariset Vol 17, No 1 (2014): Widyariset
Publisher : LIPI-Press

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Abstract

ThisresearchdiscussestheimplementationofelectricalenergyconservationmanagementatPT XYZ.The method used in this research utilizes measurement, survey, and interview. The data analysis includes descriptive analysis,EnergyConsumptionIntensity(IKE)measurement,identification ofenergysavingopportunities,and financialassessmentanalysisapproach.Theresultsofthisresearchshowthattheusagelevelandelectricalenergy costandIKEvalueon  PTXYZduring2012fluctuatedbuttheytendtodecline,theelectricityqualityofcosphi, electrical current unbalance, electrical frequency, voltage and current harmonic are still quite good.  However, the maximum value of electrical current unbalance exceeds the standard value, mainly in TR2/AC. Based on the observationandmeasurementontheOverallThermalTransferValue,ventilatingandairconditioning,andbuild- ing illumination areal system are suitable to the Indonesia National Standards (SNI). However, there are several ways to achieve the electrical energy conservation in ventilating and air conditioning, and lighting systems.MANAJEMEN KONSERVASI ENERGI LISTRIK MELALUI PENDEKATAN FINANCIALASSESSMENT PADAPTXYZ
Analisis Strategi Optimalisasi Portofolio Saham LQ 45 (pada Bursa Efek Indonesia Tahun 2009-2011) Larasati, Dwi; Irwanto, Abdul Kohar; Permanasari, Yusrina
Jurnal Manajemen dan Organisasi Vol 4, No 2 (2013): Jurnal Manajemen dan Organisasi
Publisher : Institut Pertanian Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1278.179 KB) | DOI: 10.29244/jmo.v4i2.12623

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Capital market is a meeting place for people who have excess money and those who need money for  transaction of security. Every investor needs optimal profits with minimal risk. Portfolio is basically related to how one allocates a number of stocks into various investment types that results in optimal profits. By making diversification, investors may reduce the rate of risk and at the sametime optimize the rate of expected return. Based on this case this research raises the problem of how to design an optimal portfolio simulation. i.e. a combination of liquid shares LQ 45 list ini Indonesian Stock Exchange in the period of 2009-2011 by using two methods, using Single Index Model and Indexing. Single index Model is a model of portfolio analysis using the account of Excess Return to Beta (ERB) ratio and value of C* to gain optimal shares  on portfolio. The procedure of indexing is to make one?s own group i.e liquid LQ 45 calculating the risk and return then compare the result with Single Index Model, the procedure of all securities are ranked by ERB instead of Excess Return to Risk (ERR). After securities were ranked using the above ratio, securities with greater Excess return to standart deviation and cut off point (C*) were included into the optimal portfolio. The conclusion of this research is that it is better to choose Single Index Model as the methode  resulting in optimal profits.  Keyword: Optimum portfolio, LQ 45, single index, indexing
Analisis Hubungan Corporate Governance, Corporate Social Responsibility, dan Corporate Financial Performance pada Perusahaan Kompas 100 Caesari, Annisa Putri; Irwanto, Abdul Kohar; Syamsun, Muhammad
Jurnal Aplikasi Manajemen Vol 14, No 1 (2016)
Publisher : Jurusan Manajemen Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18202/jam23026332.14.1.09

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In accommodating the objectives and obligations, the company may apply a system called Corporate Governance (CG) and Corporate Social Responsibility (CSR). The implementation of CG and CSR are related because CSR is a consequence of the implementation of CG. CG and CSR are also interconnected with Corporate Financial Performance (CFP). Through the implementation of CG, the company can improve CFP. While the relationship between CSR and CFP can be associated positively or negatively. CSR can improve CFP during the company does not over investment in CSR activities. The research was conducted on one hundred companies listed in Kompas100 index to determine the relationship of implementation of CG on the disclosure of CSR, the relationship of implementation of CG to the CFP, the relationship disclosure of CSR to the CFP, and the relationship of implementation of CG to the CFP with CSR as a moderating variable in the sample companies. structural equation modeling (SEM) analysis uses in order to determine the relationship of these three variables. The results show that the implementation of CG which is reflected in board size indicator significantly positive related to the disclosure of CSR activities. However, the implementation of CG significantly negative related to the company’s financial performance that is reflected in PER ratio. Moreover, CSR disclosure is significantly negative related to the financial performance. Due to the relationship between CG and CFP and the relationship between CSR and CFP is significantly negative related, implementation of CG is also significantly negative related to the CFP through the disclosure of CSR as a moderating variable.
Pengaruh Pengungkapan Corporate Social Responsibility terhadap Kinerja Keuangan dan Harga Saham pada Sektor Properti di Bursa Efek Indonesia Hidayansyah, Putri Fika; Hubeis, Musa; Irwanto, Abdul Kohar
Jurnal Manajemen dan Organisasi Vol 6, No 1 (2015): Jurnal Manajemen dan Organisasi
Publisher : Institut Pertanian Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (737.889 KB) | DOI: 10.29244/jmo.v6i1.12195

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The company operational activities are performed with the purpose to maximize shareholder values; however, the company's activities have impacts on environment, social, economiy and community. In order to comply with the government regulation, companies must conduct Corporate Social Responsibility (CSR), because investors are more interested in companies which have a good image in the community. This leads to make consumer loyalty higher and subsequently increases the company's profitability and company's stock values. The purpose of this study was to analyze the influence of CSR disclosure on Corporate Financial Performance (CFP) and stock prices. This study used 20 samples of property companies in the Indonesia?s Stock Exchange selected by purposive sampling. Data were processed and analyzed using Structural Equation Modeling (SEM) with software smartPLS. This research shows that valid indicators measure CSR at property sector include environment, human rights and society. A valid indicator measuring financial performance construct is only Market Value Added (MVA) and stock return is the valid indicator to measure stock price construct. The hypothesis test shows that CSR disclosure had significant effect on CFP, but the CSR disclosure had no significant effects on stock price, and CFP had no significant effects on stock prices.Keywords : corporate social responsibility, financial performance, stock price, property sector
Pengaruh Arus Kas Terhadap Profitabilitas dan Kinerja Saham Emiten Kompas 100 di Bursa Efek Indonesia Sitepu, Samsudin; Purwanto, Budi; Irwanto, Abdul Kohar
Jurnal Manajemen dan Organisasi Vol 8, No 3 (2017): Jurnal Manajemen dan Organisasi
Publisher : Institut Pertanian Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (490.474 KB) | DOI: 10.29244/jmo.v8i3.22472

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ABSTRACTIn carrying out its activities, the company needs funds or capital originating from internal and external. Source of internal funds derived from capital contributions owner while external funding sources can be obtained through the sale of shares to the public in the capital market. Important information about a company's cash flow is very useful for users of financial statements as a basis for assessing the company's ability to generate cash and cash equivalents, as well as a basis for assessing how the company uses cash flow. Furthermore, this study aimed to analyze the effect of cash flows to profitability and stock performance. Using SEM-PLS, the study was used 51 of 100 enterprises listed on Compas 100 that have met the criteria such as manufacturing companies listed on the IDX during the period 2013 to 2016, the company has never been delisted during the observation period, companies that publish the financial statements in rupiah currency and the company has a complete datas on the financial statements during the period of observation. Variables used in this study was changes in operating cash flow, changes in cash flow investments, changes in cash flow funding, return on asset, return on equity, net profit margin, changes of stock performence, Earning per Share, and Price Earning Ratio.  Furthermore, SEM?s test results found that cash flows has positively significant influence profitability and performance stock, profitability has positively significant influence performance stock. These findings implied that investors need to consider the enterprise cash flows and profitability analysis, before deciding to make investment in order to earn maximum and poisitive revenue.ABSTRAKDalam menjalankan kegiatannya, perusahaan membutuhkan dana atau modal yang berasal dari internal dan eksternal. Sumber dana internal berasal dari setoran modal pemilik sedangkan sumber dana eksternal dapat diperoleh perusahaan melalui penjualan saham kepada masyarakat di pasar modal untuk menjaga arus kas perusahaan. Secara teori informasi penting tentang arus kas suatu perusahaan sangat berguna bagi pemakai laporan keuangan sebagai dasar dalam menilai kemampuan perusahaan dalam menghasilkan kas dan setara kas, juga sebagai dasar untuk menilai penggunaan arus kas di perusahaan tersebut, namun teori ini sering terbantahkan dengan perilaku investor untuk berinvestasi di bursa yang lebih memperhatikan perolehan laba perusahaan dari pada ketersediaan arus kas. Oleh karena itu penelitian ini bertujuan untuk menganalisis pengaruh arus kas terhadap profitabilitas dan kinerja saham.  Metode yang digunakan pada penelitian ini adalah SEM-PLS, penelitian ini menggunakan sampel 51 perusahaan dari 100 perusahaan yang terdaftar di Kompas 100 yang telah memenuhi kriteria seperti perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia selama periode 2013 sampai 2016, perusahaan tersebut tidak pernah dihapus dan keluar daftar selama periode pengamatan, perusahaan laporan keuangan disajikan dalam mata uang rupiah demikian juga perusahaan memiliki data secara  lengkap tentang laporan keuangan selama periode pengamatan. Variabel yang digunakan dalam penelitian ini adalah variabel laten arus kas dengan indikator perubahan arus kas operasi, perubahan arus kas investasi, dan perubahan arus kas pendanaan, variabel laten profitabilitas dengan indikator return on asset, return on equity, net profit margin, dan variabel laten kinerja saham yang digunakan dengan indikator return saham, earning per share, dan price earning ratio. Hasil uji SEM-PLS menghasilkan bahwa arus kas memiliki pengaruh positif signifikan terhadap profitabilitas dan kinerja saham, dan profitabilitas berpengaruh positif signifikan terhadap kinerja saham. Hasil penelitian ini  menghasilkan dan merekomendasikan kepada calon investor di bursa saham, bahwa sebelum mengambil keputusan investasi sebaiknya perlu mempertimbangkan analisa likuiditas perusahaan dengan arus kas dan analisa kinerja perusahaan dengan profitabilitas, yang kemudian dapat memutuskan untuk melakukan investasi pada perusahaan di Bursa Efek Indonesia guna memperoleh pendapatan yang positif dan maksimal.