Persero Tbk Research Articles

Analisis Penggunaan Model Zmijewski (X-Score) dan Altman (Z-Score) untuk Memprediksi Potensi Kebangkrutan pada PT Waskita Karya Persero Tbk

This study aims to predict the potential bankruptcy of PT Waskita Karya Persero Tbk. Quantitative descriptive research type. The population used is the financial statements of PT Waskita Karya Persero Tbk with a sample of financial position reports and income statements from 2018-2023. Research data collection was carried out using documentation and literature studies. The analysis technique is the Zmijewski model (X-Score) with the three ratios, namely return on assets, debt ratio, current ratio and Altman model (Z-Score) with four ratios, namely the ratio of working capital to total assets, retained earnings to total assets, earning before interest and taxes to taotal assets, book value of equity to book value of debt. The research results of the Zmijewski model (X-Score) show that PT Waskita Karya Persero Tbk in 2018 is predicted to be a healthy company because the X-Score value is below the value of 0, in 2019-2023 it is predicted that the company has the potential fo bankruptcy because the X-Score value is above the value of 0. Meanwhile the Altman (X-Score) model shows that PT Waskita Karya Persero Tbk in 2018 is in gray zone because the Z-Score value is between 1.1 and 2.60, in 2019-2023 it is ini the danger zone because the Z-Score value is below the value of 1.1.

Digital Marketing Effectiveness By Implementing Search Engine Optimization (SEO) In The Indonesian Banking Sector

This study evaluates the use of Search Engine Optimization (SEO) in digital marketing strategies within the Indonesian banking sector, specifically focusing on Bank Central Asia Tbk (BCA), Bank Mandiri Persero Tbk, and Bank Rakyat Indonesia Persero Tbk (BRI), during the period from February 2024 to April 2024. Employing an exploratory qualitative method, the research aims to gain an in-depth understanding of how these three banks implement SEO and how these strategies impact their customer engagement. The findings indicate that BCA utilizes Twitter as the primary platform for delivering rapid information, while Bank Mandiri and BRI prefer WhatsApp Web for direct and personal communication with customers. Additionally, BRI leverages video content on YouTube to enhance user engagement. The dominance of WhatsApp Web in social traffic for Bank Mandiri and BRI highlights the effectiveness of instant messaging platforms in building direct communication with customers. Conversely, Twitter proves effective in reaching a broader audience for BCA. This study emphasizes the importance of tailoring digital marketing strategies to suitable platforms to achieve specific business objectives and demonstrates the value of qualitative methods in understanding the dynamics and complexities of digital marketing within the banking sector.

Pengaruh Gaya Kepemimpinan, Lingkungan Kerja dan Motivasi Kerja terhadap Kinerja Karyawan (Studi pada PT. Indosat Persero Tbk Semarang : Gerai Indosat Ooredo Hutchison Semarang)

This study aims to analyze the influence of leadership style, work environment, and work motivation on employee performance at PT. Indosat Persero Tbk Semarang (Indosat Ooredo Hutchison Pandanaran Outlet). As one of the important factors in human resources, employee performance plays a crucial role in achieving company goals. Primary data were obtained through questionnaires distributed to 110 employees selected using purposive sampling techniques. The analysis methods include validity testing with factor analysis, reliability testing using Cronbach Alpha, and hypothesis testing with multiple regression analysis. The results of the study indicate that leadership style, work environment, and work motivation have a positive and significant influence on employee performance. Keywords: Leadership Style, Employee Performance, Work Environment, Work Motivation

Contributions of Corporate Green Space In Conserving Plant Diversity and Its Potential Usefulness: Case Study Wikasatrian Pusat Kepemimpinan

Abstract Wikasatrian Pusat Kepemimpinan, under the PT Wijaya Karya Persero Tbk management, applies sustainability principles in managing its landscape. Wikasatrian Forest is a green-forested space in the Wikasatrian that is allowed to grow and develop naturally with no or lesser management. A study on plant diversity was conducted to strengthen its conservation value. The study aimed to identify the plant variety of the Wikasatrian Forest, assess the population, and its potential usefulness for people and nature in the landscape and other needs. Data were collected using the line transect method and quadrats analysis of 10 x 10 m squares for trees, 5 x 5 m squares for saplings, and 1 x 1 m squares for ground covers, with six plots of 10 x 100 m squares, in line with the forest track. Results showed that 26 tree species from 20 families were found. On all structure levels, the Shannon’s diversity index (H) was moderate (2.53 – 2.78), and the species evenness index (E) was high (0.7 – 0.82). These showed that this area has a good ecosystem balance with diverse plant species. Most species have multiple potential uses, which are used for medicinal purposes (14) and food sources (10). Some are for materials (9) and environmental improvement (6).

Penilaian Tingkat Kesehatan Keuangan pada PT. Jasa Marga Persero Tbk Periode 2018–2022

Assessing the level of financial health of a company is an important thing that can help evaluate the company's current and past financial position and operating results. This also does not fail to happen to State-Owned Enterprises (BUMN). To measure financial performance or health, the Ministry of BUMN has regulated it and made it an assessment standard for BUMN, which is stated in the Decree of the Minister of BUMN No. KEP-100/MBU/2002. This research aims to analyze the financial statements for the 2018–2022 period of PT. Jasa Marga Persero Tbk based on the Ministerial Decree. This research uses quantitative data measured on a numerical scale. This research uses quantitative descriptive analysis, which explains the research results in the form of financial report data related to company performance. The data is in the form of accounting information which will then be analyzed using the necessary financial ratios and can show information regarding liquidity, solvency, activity and profitability. The research results show that the assessment of the health level of PT. Jasa Marga (Persero) Tbk. 2018–2022 based on the Decree of the Minister of BUMN No. KEP-100/MBU/2002, if seen from the profitability and the liquidity ratio is considered to be getting better, while the activity and solvency ratio is considered to be less good. Apart from that, the research results also showed that the level of financial health was “not healthy,” but in 2022 the health level of PT. Jasa Marga (Persero) Tbk improved to “healthy.”

Analisis Teknikal Menggunakan Moving Average (MA), Moving Average Convergence-Divergence (MACD), dan Relative Strength Index (RSI) Untuk Mengoptimalkan Dalam Pengambilan Keputusan Investasi Pada Saham Sektor Manufaktur Index LQ45 BEI Tahun 2022-2023

This research examines technical stock analysis techniques for six manufacturing sector companies listed on the Indonesia Stock Exchange for the 2022–2023 period, using the Moving Average (MA), Moving Average Convergence and Divergence (MACD) and Relative Strength Index (RSI) indicators. . Astra International Tbk (ASII), PT Indofood Sukses Makmur Tbk (INDF), PT Indofood CBP Sukses Makmur Tbk (ICBP), PT Semen Indonesia Persero Tbk (SMGR), PT Indah Kiat Pulp & Paper Tbk (INKP), and PT Kalbe Farma Tbk (KLBF) are some of them. The analysis was conducted using charts from the stockbit.com website to evaluate the accuracy of signals and the investment performance of these three indicators. The research results indicate that RSI has the highest signal accuracy rate, namely 92%, while MA and MACD have accuracy rates of approximately 58% and 55%, respectively. Despite MACD producing more signals, RSI remains accurate with fewer signals. In terms of return on investment, RSI achieved a total return of 238%, followed by MACD with a total return of 161%, and MA with a total return of 101%. RSI proves to be a reliable indicator by generating positive returns without any negative returns on the studied stocks. In conclusion, RSI is the primary choice in making investment decisions in the manufacturing sector stocks on the Indonesia Stock Exchange due to its accuracy and positive investment returns. However, MA remains useful for trend analysis, and investors are advised to pay attention to the entire stock market, consider additional indicators, and have sufficient understanding of technical analysis. For future research, it is recommended to consider other sectors and a broader range of indicators.

Case Study of Customer Satisfaction In A State-Owned Construction Companies

Customer satisfaction has been recognised by researchers as one of the main factors for the success of project. Customer satisfaction to build a loyal relationship between users and service providers is an interesting challenge. This study aims to provide information from literature regarding the on factors that affect customer satisfaction, and to determine the assessment of customer satisfaction with the performance of PT PP Persero Tbk, especially in the building division. The study from 28 literatures show that the quality of work and a professional team are the factors that most affect customer satisfaction. The results of the customer satisfaction assessment (CSS) of PT PP Persero Tbk state that the quality of human resources and interpersonal communication with customers is the most valued by customers in assessing project performance. These result prove that a professional team consisting of quality human resources is important in providing customer satisfaction. This research only focuses on subjective assessment methods applied to construction management to obtain customer satisfaction.

PENGARUH RETURN ON ASSET (ROA), RETURN 0N EQUITY (ROE), DAN EARNING PER SHARE (EPS) TERHADAP HARGA SAHAM PADA PT BANK NEGARA INDONESIA (PERSERO) Tbk PERIODE 2012-2021

This study aims to determine the effect of Return On Asset (ROA), Return On Equity (ROE), and earnings per Share (EPS) on Stock Price. The data used in this study are associative Quantitative data. The type of data used in this study is secondary data obtained from financial statements published in the financial statements and annual reports of banking companies listed on the Indonesia Stock Exchange through the official website of PT Bank Negara Indonesia Persero Tbk for the 2012-2021 period, and www.idx.co.id, www.idn.financial.com. Data collection techniques in this study used documentation techniques. Data analysis techniques use descriptive statistical tests, classical assumption tests, multiple linear regression and hypothesis tests, namely f test, t test and coefficient of determination test (R2) with Eviews 10 tools. The results showed that simultaneously (F test) all variables ROA, ROE and EPS had a significant effect on stock prices as evidenced by the prob (F-statistical) value of 0.000031 < 0.05. And the partial sacra (t test) of the ROA variable has a significant effect on the stock price as evidenced by a significance value smaller than 0.05, namely 0.0004 < 0.05 and the ROE variable has a significant effect on the stock price with a significance value of 0.0002 < 0.05 as well as the EPS variable showing a significant effect on the stock price with a significance result of 0.0189 < 0.05.

Case Study of Customer Satisfaction in a State-Owned Construction Companies

Customer satisfaction has been recognised by researchers as one of the main factors for the success of project. Customer satisfaction to build a loyal relationship between users and service providers is an interesting challenge. This study aims to provide information from literature regarding the on factors that affect customer satisfaction, and to determine the assessment of customer satisfaction with the performance of PT PP Persero Tbk, especially in the building division. The study from 28 literatures show that the quality of work and a professional team are the factors that most affect customer satisfaction. The results of the customer satisfaction assessment (CSS) of PT PP Persero Tbk state that the quality of human resources and interpersonal communication with customers is the most valued by customers in assessing project performance. These result prove that a professional team consisting of quality human resources is important in providing customer satisfaction. This research only focuses on subjective assessment methods applied to construction management to obtain customer satisfaction.

ANALISIS DETEKSI FRAUD LAPORAN KEUANGAN DENGAN METODE BENEISH M-SCORE (STUDI KASUS PT BANK TABUNGAN NEGARA PERSERO TBK)

The financial statements present important disclosures in maintaining the quality of the capital market also explain the current state of the company and its going concern in the future. However, many financial reports are disclosed as misstatements due to manipulation, falsification, and fraud by changing the value and financial information. Self-detection of financial statement fraud is an important matter that must be prioritized. This study uses the Beneish M-Score model to detect potential manipulation of annual financial reports with case study in PT Bank Tabungan Negara (BTn) Persero Tbk for the 2017-2019 book year.
 Based on the results of data processing, the M-Score value of the company’s financial statement in 2017, 2018, and 2019 respectively was -2,16; -2,20; and -1,87. Those value were greater than the reference value was -2,22. So it can be concluded that based on this model there was potential for manipulation in PT BTN Persero Tbk’s financial statements. The Beneish M-Score model is used to detect potential financial statement fraud or income manipulation in the company’s financial statements. Moreover this model is very useful for shareholders, investors, and creditors to examine the fairness of company’s financial statement. 
 Keywords : Beneish M-Score, Fraud, Financial Statement, Bank BTN Persero Tbk

The Influence of Non-Performing Loans on Profitability at Bank Rakyat Indonesia Persero Tbk

The purpose of this study is to obtain developments to what extent the influence of Non-Performing Loans (NPL) on Profitability (ROA). The method used in this research is descriptive and verification method by testing the hypothesis. From the research results, data analysis shows that the influence of variable X or non-performing loans on profitability is 70.4% and the remaining 29.6% is influenced by other variables not tested in this study. Besides that the t-table is still in the area of HO rejection, so HO is rejected and H1 is accepted, so it can be concluded that Non-Performing Loans have a significant effect on Profitability (ROA) at PT. Bank Rakyat Indonesia, Tbk. Therefore, through the research of PT. Bank Rakyat Indonesia, Tbk is expected to increase the profit value by taking into account the NPL value analysis.
 Keywords: Non-Performing Loans (NPL); Profitability (ROA); Bank; hypothesis; Profit
 Abstrak
 Tujuan penelitian ini adalah untuk memperoleh perkembangan sejauh mana pengaruh Non Performing Loan (NPL) terhadap Profitabilitas (ROA). Adapun metode yang digunakan pada penelitian ini adalah metode deskriptif dan verifikatif dengan melakukan uji hipotesis. Dari hasil penelitian analisis data menunjukkan bahwa Pengaruh variabel X atau non perfoming loan terhadap Profitabilitas sebesar 70,4% dan sisanya 29,6% dipengaruhi variabel lain yang tidak diuji dalam penelitian ini. Selain itu t-tabel masih berada didaerah penolakan HO maka HO ditolak dan H1 diterima, sehingga dapat disimpulkan Non Performing Loan berpengaruh signifikan terhadap Profitabilitas (ROA) pada PT. Bank Rakyat Indonesia, Tbk. Oleh sebab itu, melalui penelitian PT. Bank Rakyat Indonesia, Tbk ini diharapkan dapat meningkatkan nilai laba dengan memperhatikan analisis nilai NPL.
 Kata Kunci: Kredit bermasalah (NPL); Profitabilitas (ROA); Bank; Hipotesis; Laba

Pengaruh Efektifitas Pelatihan Pemasaran dan Kompetensi Relasional terhadap Kinerja Tenaga Pemasaran melalui Kompensasi Finansial

The purpose of this study is to examine and analyze the effect of training effectiveness, marketing personnel and relational competence directly and indirectly on the performance of marketing personnel through financial compensation. This study used quantitative research. The population of this research was the marketing staff at PT Ciputra Properti Persero Tbk. The sample was 58 marketing personnel. Data collection techniques used questionnaires. The data analysis used in this research was path analysis. The results of the study showed that the effectiveness of marketing training and relational competence indirectly affects the performance of marketing personnel through financial compensation.

PENGARUH PENERIMAAN, PENEMPATAN KERJA, DAN KOMPETENSI KARYAWAN LOKAL BATURAJA TERHADAP KINERJA KARYAWAN DIVISION OPERATION PT. SEMEN BATURAJA (PERSERO) TBK

This study aims to analyze and prove the effect of work experience, level of education and training on the performance of employees of PT Semen Baturaja (persero) Tbk in the Operations Division, either partially or simultaneously. The population of this study were 286 employees of PT Semen Baturaja (Persero) Tbk in the Operations Division with a sample of 127 employees. The sampling technique used is non-probability sampling with purposive sampling. The results showed that the t-value of the work experience variable (4.204) > t-table (1.97944), the t-value of the education level variable (4.218) > t-table (1.97944), the t-count of the training variable (6.067) > t-table (1 , 9746) and Fcount value (65.117) > Ftable (2.68). The correlation coefficient (R) 0.783 shows a strong and positive relationship, the coefficient of determination (R2) is 0.614 which means 61.4% of the employee performance variables at PT Semen Baturaja (Persero Tbk in the Operations Division) can be explained by variables of work experience, level of education and training and 38 .6% is influenced by other variables. The conclusion of this study shows that the variables of work experience, level of education and training partially and significantly have a positive and significant effect on employee performance.

PENGARUH PENGALAMAN KERJA, TINGKAT PENDIDIKAN DAN PELTIHAN TERHADAP KINERJA KARYAWAN PT SEMEN BATURAJA (persero) Tbk DI DIVISI OPERATION

This study aims to analyze and prove the effect of work experience, level of education and training on the performance of employees of PT Semen Baturaja (Persero) Tbk in the Operations Division, both partially and simultaneously. The population of this study is 286 employees of PT Semen Baturaja (Persero) Tbk in the Operations Division with a sample of 127 employees. The sampling technique used is Non-probability sampling with the type of sampling that is purposive sampling. The results showed that the t value of the work experience variable (4.204) > ttable (1.97944), the t-count value of the education level variable (4.218) > t table (1.97944), the t-count value of the training variable (6.067) > ttable (1 .9746) and calculated F value (65.117) > F table (2.68). The correlation coefficient (R) 0.783 shows a strong and positive relationship, the coefficient of determination (R2) is 0.614 which means 61.4% of the employee performance variables of PT Semen Baturaja (Persero Tbk in the Operations Division can be explained by the variables of work experience, level of education and training and 38 ,6% is influenced by other variables.The conclusion of this study shows that the variables of work experience, level of education and training partially and significantly have a positive and significant influence on employee performance.

Analisis Rasio Keuangan PT. Telkom Persero, Tbk. Sebelum dan Setelah Memasuki Masa Pandemi Covid-19


 Financial statements are an important part for every company, because financial statements are records that contain information relating to the financial condition of a company. Therefore, various financial statement analyzes are needed, one of which is the company's financial ratio analysis which looks at the company's health condition based on existing financial ratios. PT Telkom Indonesia or PT Telkom Persero Tbk. Is one of the state-owned enterprises (State-Owned Enterprises) which is engaged in services, namely information and communication technology services. PT Telkom Persero Tbk always publishes financial reports and can be accessed directly through www.idx.co.id . And with the financial statements, an analysis of the financial ratios of PT Telkom Persero Tbk can be made by calculating the financial ratios needed to see its financial condition.
 Keywords: Financial Statements, Financial Ratio Analysis, PT Telkom Persero, Tbk

PREDIKSI HARGA SAHAM MENGGUNAKAN GEOMETRIC BROWNIAN MOTION WITH JUMP DIFFUSION DAN ANALISIS RISIKO DENGAN EXPECTED SHORTFALL (Studi Kasus: Harga Penutupan Saham PT. Waskita Karya Persero Tbk.)

Investment is an activity that is quite popular among investors in recent years. One of the forms of investment in the financial sector is investing in the capital market by buying stocks in a company. The level of profit from stock investment activities can be seen from the value of stock returns. Factors that can affect the value of stock returns are stock prices. However, stock prices often experience unpredictable changes so that they experience fluctuating movements with increasing time and developing situations, therefore a stock price model is needed to predict stock prices in the future period. The Geometric Brownian Motion with Jump Diffusion’s method is more appropriate to be used in predicting stock prices if there is a jump in stock price data. Predicted stock prices can be used as a basis for measuring the value of investment risk. The results of data processing indicate that the stock return data of PT. Waskita Karya Persero Tbk has a kurtosis value > 3 which means there is a jump in stock return data so that it is more accurately modeled using the Geometric Brownian Motion with Jump Diffusion’s method. The prediction results have a good level of accuracy based on the MAPE value of 18,733%. Furthermore, in order to measure the investment risk of the predicted stock price of PT. Waskita Karya Persero Tbk used the Expected Shortfall Historical Simulation’s method with a significance level of α = 5%, the results were 0,10939, and for the significance level α = 10%, the results were 0,07596. The calculation results show that the greater the trust level used, the greater the risk borne by investors.Keywords: Jump Diffusion Process, Expected Shortfall, Risk, Extreme Value

Pengaruh Desain Kerja dan Efektivitas Kerja Terhadap Kinerja Karyawan (Studi PT. Semen Indonesia Persero Tbk)

The Key Performance Indicator (KPI) method can be used to measure employee performance in a company. Key Performance Indicators for 2019 PT. Semen Indonesia Persero Tbk stil has a high percentage of not meeting the target, which means that there are factors that cause employee performance not be achived. it is suspected that work effectiveness are the cause of the employee’s not achieving performance. In addition, there are still inconsistencies in the results of previous studies with the results. So this thesis is the result of quantitative research that aims to answer the formulation of the problem regarding the effect of work design and work effectiveness on employee performance with a case study at PT. Semen Indonesia Persero Tbk either through partial or simultaneous testing. This research methodology uses quantitative research with causal research type. For the research sample, namely some of the employees of PT. Semen Indonesia Persero Tbk taken according to purposive sampling technique. The testing used is starting from testing the research questionnaire using validity and reliability tests. Furthermore, data analysis begins with the classical assumption test, multiple linier regression, t test, simultaneous test (f test) and the coefficient of determination test. In the testing phase, researchers used SPSS version 25 to test the statistics. The results obtained from the tests that have been carried out obtain the results that work design has no significant effect on employee performance, work effectiveness has a significant effect on employee performance. While the letter, namely simultaneously work design and work effectiveness have a significant effect on the performance of employees of PT. Semen Indonesia Persero Tbk.

PENGARUH BUDAYA ORGANISASI TERHADAP KINERJA KARYAWAN PADA PT BANK MANDIRI AREA MEDAN IMAM BONJOL

This research aimed to know the effect of organizational culture and individual characteristics to performance with intrinsic motivation as intervening variable in the Employee Marketing Division of PT. Bank Mandiri Persero Tbk Medan Imam Bonjol II. Population in this research is all employees of marketing division of PT. Bank Mandiri (Persero), Tbk Imam Bonjol Medan Area which amounted to 50 people. Sampling using sampling saturated, where all the population used as a sample. The method of analysis used in this study is quantitative descriptive method and the nature of this study using the level of associative explanation and analysis techniques used the regression analysis. The result of the research shows that independent variables, organizational culture have a significant and significant effect on the performance of PT. Bank Mandiri Persero Tbk Medan Imam Bonjol II Area with determination coefficient of 0,567 or 56,7%. Partially organizational culture, individual characteristics, and intrinsic motivation, simultaneously have a significant and positive effect on performance

PENGARUH KINERJA, MOTIVASI, DAN KOMPENSASI TERHADAP DISIPLIN KERJA OUSOUCING UNIT ATMRC PT BNI PERSERO TBK KANTOR WILAYAH PALEMBANG

The purpose of this study was to determine the effect, motivation and compensation on work discipline of employees of the Outsourcing Atmrc Unit of PT BNI Persero Tbk Palembang Regional Office partially or simultaneously. This research method uses survey and verification descriptives, field data collection uses questionnaires, interviews and documentation. This research is an associative research, where in this study there are variables that are related and can influence other variables. The population of this study were 62 employees of the BPKP Representative Office Auditor, South Sumatra Province. Data processing using SPSS 25 analysis tool. The results of the study stated that performance had an effect on work discipline, there was an effect of motivation on work discipline, compensation had an effect on work discipline. Performance, Motivation and Compensation affect Discipline simultaneously

PENGARUH KUALITAS PELAYANAN TERHADAP LOYALITAS NASABAH DENGAN KEPUASAN NASABAH SEBAGAI VARIABEL INTERVENING (PT BANK RAKYAT INDONESIA PERSERO TBK CABANG BANJARMASIN SAMUDERA)

The purpose of this study is to analyze the Effect of Service Quality on Customer Loyalty with Customer Satisfaction (Case Study of PT Bank Rakyat Indonesia Persero Tbk Banjarmasin Samudera Branch. The type used in this research is explanatory research because this research explains the causal relationship between research variables through the hypothesis test that has been formulated previously. The analytical method uses Structural Equation Model (SEM) with Partial Least Square (PLS) Program. The results of this study prove that Service Quality has no effect on Customer Satisfaction at BRI Bank Prince Samudera Banjarmasin Branch, while Customer Satisfaction has a positive and significant effect on Customer Loyalty. And Service Quality has a positive and significant effect on Customer Loyalty.The results of this study prove that Service Quality has no effect on Customer Satisfaction at BRI Bank Prince Samudera Banjarmasin Branch, while Customer Satisfaction has a positive and significant effect on Customer Loyalty. And Service Quality has a positive and significant effect on Customer Loyalty.Keywords: Service Quality, Customer Loyalty, and Customer Satisfaction