Bambang Sunarko

ANALISIS PENGARUH MODAL SENDIRI, MODAL LUAR, VOLUME USAHA, DAN TINGKAT PERPUTARAN PIUTANG TERHADAP SISA HASIL USAHA

The purpose of this research was to describe the development of cooperatives, to investigate the influence of own capital, loan capital, bussines volume, and receivable turn over on added value of cooperatives. The samples of this research were financial statements in Sejati Mulia business cooperatives, Ceger Jaya busiess cooperatives, and Tunas Jaya business cooperatives from 2004-2014. The method of this research was purposive sampling. The technique of data analysis used was linier multiple regression with classical assumption. The result indicated that own capital,loan capital, bussines volume, and receivable turn over have the positive effect on added value of cooperatives.

ANALISIS PENILAIAN HARGA WAJAR SAHAM MENGGUNAKAN PENDEKATAN DIVIDEND DISCOUNT MODEL, PRICE EARNING RATIO DAN PRICE TO BOOK VALUE

The purpose of this research is to determine the intrinsic value of coal mining company stock listed in LQ45 Index during 2010-2014 period used Dividend Discount Model (DDM) Pertumbuhan Berganda, Price Earning Ratio (PER) and Price to Book Value (PBV) approach. Intrinsic value will compared with market stock value, henceforth be one of basic for taking investment decision in capial market. Difference of intrinsic stock value with market stock value is tasted by Paired Sample T-Test. For this research, the sample used is PT. Adaro Energy Tbk (ADRO), PT. Indo Tambangraya Megah Tbk (ITMG) and PT. Bukit Asam Tbk (PTBA).nThe result of this research showed that the market stock value of the coal mining company listed in LQ45 Index is higher than intrinsic stock value (overvalued) based DDM Pertumbuhan Berganda and PBV approach. While based PER approach, the market stock value of the coal mining company is lower than intrinsic stock value (undervalued). And then, for the result of paired sample t-test showed that based on DDM Pertumbuhan Berganda , PER and PBV approach has a significant difference between intrinsic value with market stock value.

Determinan struktur modal dan pengaruhnya terhadap return saham pada industri barang dan konsumsi yang terdaftar di BEI

Purpose: The purpose of this research is to examine influence between profitability measured by return on asset (ROA), liquidity measured by current ratio (CR), cash holding, non-debt tax shield, and asset growth on capital structure measured by debt to equity ratio (DER) and the influence on stock return. nMethodology: This research was conducted during the period of 2011-2015. This research is quantitative research that used associative studies to determine the relationship or influence between two or more variables. Population in this research was all of consumer goods industries listed on Indonesia Stock Exchange during the period of research. This research combines multiple and simple regression analysis technique. In addition, hypothesis testing used coefficient of determination, F-test statistic, and t-test statistic. nFindings: The result of this research indicates that profitability (ROA) has positive influence toward capital structure. Liquidity (current ratio) and cash holding have negative influence toward capital structure. Non-debt tax shield and asset growth do not have significant influence toward capital structure. Furthermore, capital structure does not have significant influence toward stock return. nKeywords: profitability, liquidity, cash holding, non-debt-tax shield, asset growth, capital structure, stock return.