Property Companies Research Articles

Pengaruh Likuiditas, Ukuran Perusahaan, Leverage dan Jaminan Terhadap Peringkat Obligasi pada Sektor Keuangan

This study aims to investigate the impact of Liquidity, Company Size, Leverage, and Collateral on Bond Ratings in the Financial Sector. The study centers on Real Estate and Property companies that are publicly traded on the Indonesia Stock Exchange (IDX) from 2017 to 2021, including a total of 28 enterprises. The sampling method used is nonprobability purposive sampling. The major data source for this study is the secondary data obtained from the financial reports of these firms, as published by the IDX. Data collection entails the systematic process of acquiring, recording, and reviewing secondary data using the documentation technique. Analytical approaches encompass descriptive analysis, classical assumption tests, tests for normalcy, multicollinearity, heteroskedasticity, and Autocorrelation. Additionally, hypothesis testing is conducted by t-tests, F-tests, and determination coefficient analysis. The research findings suggest that Liquidity, Company Size, Leverage, and Collateral exert a substantial impact on Bond Ratings within the Financial Sector.

Optimizing Strategy for Property Development Plan Changes: A Multi-Criteria Decision-Making Approach Using AHP Methods (Case Study: Project Bumi Cipta 3 Jakarta)

This study examines the optimization strategy of property development plan changes for Bumi Cipta 3 Jakarta, a project by PT Cipta Bangun Property, one of the largest property companies in Indonesia. The analysis uses the Analytic Hierarchy Process (AHP), a multi-criteria decision-making (MCDM) method. The project is motivated by significant post-pandemic shifts in office space demand within Jakarta’s Central Business District. The study identifies four alternative development options: continuing with the office tower plan, or pivoting to an apartment, data center, or hospital. By interviewing key decision-makers and using the AHP method, the research evaluates financial and non-financial criteria, such as market attractiveness and site analysis. The findings suggest that the hospital alternative offers the highest potential in both financial returns and market alignment, followed by the data center and apartment projects. Strategic recommendations are provided to prioritize the hospital project while keeping the other alternatives in consideration for phased development, thus ensuring flexibility in response to future market conditions.

Firm Value between the Banking and Property Industry: Evidence of Pandemic Covid 19 in Indonesia

The study aims to find evidence of the impact of profitability and dividend policy on firm value. The population of this study are banking and property companies listed on the IDX (Indonesia Stock Exchange). The findings of this study indicate that in the banking industry, the average value of firm value and dividend policy during the pandemic increased, while profitability decreased. For the property industry, the average firm value and profitability during the pandemic increased, while the dividend policy decreased. There is a difference between the average profitability before and after the Covid-19 outbreak for the banking and property industries. Meanwhile, the average dividend policy and firm value are not statistically different.

DOES A REDUCTION IN TAX RATES INFLUENCE TAX AGGRESSIVENESS? AN ANALYSIS WITH ADDITIONAL FACTORS

This study investigates the effect of reduction tax rates in Indonesia and other factors that may impact tax aggressiveness. This study employs multiple linear regression analysis, using E-Views 12 as analytical software. A sample of fourteen real estate and property companies listed on the Indonesia Stock Exchange (IDX) for 2017 to 2023 was identified through purposive sampling. This study relies on secondary data derived from the company's financial statements. The results showed that the reduction in tax rates and the presence of independent commissioners did not significantly affect tax aggressiveness. In contrast, institutional ownership and profitability factors positively correlate with tax aggressiveness, while leverage shows a negative correlation. It is expected that the results of this study will contribute to the development of taxation policies for companies in Indonesia, aiming to reduce aggressive taxation practices and assist companies in their tax-related decision-making framework.

The Effect of Institutional Ownership, Profitability, and Liquidity on Capital Structure with the Cost of Capital as a Mediating Variable: Empirical Study on Property Companies Listed on the Indonesia Stock Exchange 2018 - 2022

This study aimed to determine and analyze the effect of institutional ownership, profitability, and Liquidity on capital structure with the cost of Capital as a mediating variable in property companies listed on the Indonesian stock exchange in 2018 - 2022. The method used in this research is quantitative. The population in the study were 92 Property and Real Estate companies listed on the Indonesia Stock Exchange in 2018-2022. The sampling technique used purposive sampling. The data analysis technique uses the classic assumption test and hypothesis testing. The results showed that in property companies on the IDX for the 2018-2022 period, institutional ownership had no significant effect on the structure and cost of Capital. Profitability has a significant negative effect on capital structure and a significant positive effect on the cost of Capital. Liquidity has no significant effect on capital structure, but is significantly negative on the cost of Capital. The cost of Capital has a significant positive effect on capital structure. It can mediate the effect of profitability on capital structure. However, it does not mediate the effect of institutional ownership and Liquidity. This study has implications for corporate financial policy, especially in managing capital structure and cost of Capital. Companies need to pay attention to profitability and liquidity factors in making financial decisions, because both significantly influence the structure and cost of Capital.

The Influence of Performance Appraisal and Reward on Employee Performance ss Mediated by Employee Job Satisfaction on PT. Expert Jaya Group (Property Company)

The Influence of Performance Appraisal and Reward on Employee Performance ss Mediated by Employee Job Satisfaction on PT. Expert Jaya Group (Property Company)

Pengaruh Cash Turnover, Current Ratio, dan Debt to Equity Ratio Terhadap Profitabilitas Pada Perusahaan Properti yang Terdaftar di Bursa Efek Indonesia

The purpose of this study is to determine the effect of cash turnover, current ratio and debt to equity ratio on profitability conducted in property companies listed on the Indonesia Stock Exchange. The sampling technique used was purposive sampling, so the samples in this study were 78 samples. The data analysis technique used is multiple linear regression. The results showed that Cash Turnover had no effect on Return On Assets in Property Companies Listed on the Indonesia Stock Exchange. This indicates that the increase in Cash Turnover cannot affect the increase in Return On Assets in Property Companies Listed on the Indonesia Stock Exchange. Current Ratio has a positive effect on Return On Assets in Property Companies Listed on the Indonesia Stock Exchange. This indicates that an increase. in the Current Ratio can affect the increase in Return On Assets in Property Companies Listed on the Indonesia Stock Exchange. Debt to Equity Ratio does not affect Return On Assets in Property Companies Listed on the Indonesia Stock Exchange. This indicates that an increase in the Debt to Equity Ratio cannot affect the increase in Return On Assets in Property Companies Listed on the Indonesia Stock Exchange

Incorporating Honey Badger Algorithm in Estimating Gamma Distribution With Application to Stock Price Modelling

This study evaluates the performance of various estimation methods in stock price analysis across diverse parameters, focusing on the Honey Badger Algorithm (HBA). The purpose is to determine the most accurate and reliable method for parameter estimation. Methodologically, we analyze data spanning eight years from publicly traded Malaysian property companies, employing financial metrics such as Mean Absolute Error (MAE) and Root Mean Square Error (RMSE). Our findings highlight HBA’s consistent precision in parameter estimation, with values closely aligning with initial parameters across different stock sizes. For example, HBA-Gamma model achieves an MAE of 0.0592 and an RMSE of 0.8458 for 13 stocks, demonstrating its proficiency in capturing stock price distributions in dynamic markets. In contrast, the Artificial Immune System (AIS) provides reasonable estimates but with higher variability. The Regression Method exhibits mixed outcomes, displaying accuracy in some cases but notable variability and reduced precision, especially with larger datasets. The Moment Method, while adequate, shows slightly higher variance compared to both HBA and AIS. Further analysis using Log Likelihood values confirms HBA’s superior fit to the data, consistently surpassing AIS, Regression Method, and Moment Method in likelihood maximization across various stock numbers. Specifically, HBA exhibits lower MAE and RMSE values of 0.1034 and 0.06723, respectively, for 26 stocks, further validating its effectiveness in parameter estimation and stock price prediction. These findings underscore the importance of integrated approaches that account for market nuances rather than relying solely on individual model forecasts. The results affirm HBA’s potential for informed investment decision-making, emphasizing its robust performance and enhanced predictive capabilities compared to alternative methodologies. However, further research is needed to assess the generalizability of these findings to other markets and contexts.

Pengaruh Profitabilitas, Likuiditas, Leverage Terhadap Nilai Perusahaan pada Perusahaan Properti Yang terdaftar Di Bursa Efek Indonesia

This research aims to analyze the influence of profitability, liquidity also leverage on company value in property companies listed on the Indonesia Stock Exchange(BEI)for the 2019-2023 period. Profitability is measured using Return on Assets(ROA), Liquidity is measured using Current Ratio(CR), also Leverage is measured using Debt to Equity Ratio(DER), Company value is measured using Price to Book Value(PBV). This research uses quantitative research methods. The population of this research is all property companies registered on the IDX for the 2019-2023 period, namely 18 companies. The sample selection in this study used purposive sampling with certain criteria so that 5 data samples were obtained for research. The data used is secondary data obtained from financial reports on the IDX. The data analysis technique uses multiple linear regression analysis. This research shows that profitability has a positive also significant effect on company value, liquidity has an insignificant negative effect on company value, also leverage has an insignificant positive effect on company value.

The Influence of Good Corporate Governance on The Company's Financial Performance

This research investigates the impact of Good Corporate Governance (GCG) on the financial performance of property companies listed on the Indonesia Stock Exchange (BEI) from 2018 to 2023. Key governance variables include the board of commissioners, board of directors, audit committee, institutional ownership, and managerial ownership. A quantitative associative method was utilized, with data collected from the annual reports of 31 property companies selected via purposive sampling. The analysis was conducted using multiple linear regression with SPSS 25 software. The study reveals that the board of commissioners, board of directors, and audit committee positively and significantly affect financial performance. Conversely, institutional and managerial ownership show a significant negative impact. These findings underscore the importance of effective governance structures in enhancing company performance. Larger boards of commissioners and directors, along with an active audit committee, contribute to better financial outcomes. However, higher levels of institutional and managerial ownership may lead to decisions that negatively affect performance. Good Corporate Governance practices significantly influence the financial performance of property companies. This research provides valuable insights for improving governance frameworks to enhance financial health in the property sector.

The Impact of Managerial Competence, Digital Project Innovation, and Entrepreneurial Ecosystems on Project Performance and Business Resilience in Property Companies

The aim of this research is to determine the influence of managerial competence, digital project innovation, and the entrepreneurial ecosystem on project performance and business resilience at company properties. This research is included in quantitative research. The population in this research is all property companies in Indonesia. On the results of the analysis, it was found that Managerial Competence had no effect on Project Performance; There is a positive and significant influence by Digital Project Innovation on Project Performance; There is a positive and significant influence by the Entrepreneurship Ecosystem on Project Performance; There is a positive and significant influence by Managerial Competence on Business Resilience; Digital Project Innovation has no effect on Business Resilience; The Entrepreneurship Ecosystem has no effect on Business Resilience; There is a positive and significant influence of Project Performance on Business Resilience; There is no mediating effect of Project Performance on Managerial Competence on Business Resilience; There is a mediating effect of Project Performance on Digital Project Innovation on Business Resilience; There is a mediating influence of Project Performance in the Entrepreneurial Ecosystem on Business Resilience.

Web-Based Inventory Management System Using First In First Out Algorithm

<p>PT. Agung Selaras Group is a property company that operates in the business of selling houses. With a good sales management system, the property company can support its work activities. The aim of this research is to develop a system that can simplify stock management and minimize the risk of loss in the sales process. The data source for this research was obtained from direct observation and interviews with PT. Agung Selaras Group. In this system the author will combine the First In First Out method in managing incoming and outgoing product stock. The results of this research are that the system that has been designed can make it easier for managers to collect data on incoming and outgoing goods so that the risk of managing product stock can be minimized, and with computerized reports it can provide more precise, accurate and fast information. From the results of black box testing, the percentage of this application system can run well.</p>

BEYOND THE NUMBER: TONE ANALYSIS IN ANNUAL REPORTS

In making decisions, stakeholders utilize not only quantitative information but also qualitative information, such as annual reports. However, annual reports in narrative form are often used to exaggerate company performance data. One aspect that influences stakeholders’ decision is tone. This study aims to examine the impact of positive tone disclosure in management analysis reports and discussions on company value. This study was conducted on 166 financial and property companies listed on the IDX. Management analysis and discussion reports were categorized according to their tone. Using linguistic inquiry and word count software (LIWC-22), the procedure yielded more precise and consistent analysis. Financial data used to determine the value of company was the price-to-book-value (PBV) ratio. The results of the test using robust regression analysis showed that the positive tone disclosure with an informative nature had a positive influence on the company’s value. This finding suggests that managers must use positive tones when regulating the company's situation in order to maintain the expected value of company.

Analyzing the Impact of COVID-19 Pandemic on the Performance of Property Companies

Analyzing the Impact of COVID-19 Pandemic on the Performance of Property Companies

Analisis Likuiditas, Solvabilitas, Profitabilitas Sebelum dan Saat Covid-19 Terhadap Return Saham pada Perusahaan Real Estate and Property yang Terdaftar di Bursa Efek Indonesia Tahun 2016-2021

This study aims to examine and analyze the influence of liquidity, solvency and profitability before and after Covid-19 on stock returns in real estate and property companies listed on the Indonesia Stock Exchange. The population of this study are 54 real estate and property companies listed on the Indonesia Stock Exchange and a sample of 10 real estate and property companies listed on the Indonesia Stock Exchange. This study uses the classical assumption test, heroscadicity test and different test. The results of the research on liquidity did not have a significant effect before Covid-19 with a significant value of 0.338 on stock returns in real estate and property companies listed on the Indonesia Stock Exchange and liquidity during Covid-19 had no effect with a significant value of 0.273 on stock returns in real estate and property companies listed on the Indonesia Stock Exchange, solvency had a significant effect before with a significant value of 0.001 and during Covid-19 it was not significant with a significant value of 0.184 on stock returns in real estate and property companies listed on the Indonesia Stock Exchange and profitability had a significant effect before Covid-19 with a significant value of 0.001 on stock returns in real estate and property companies listed on the Indonesia Stock Exchange and profitability has a significant effect with a significant value of 0.000 on stock returns in real estate and property companies listed on the Indonesia Stock Exchange.

Determinants of Dividend Policy: A Case of the Property and Real Estate Sector

This study aimed to determine the effect of free cash flow, leverage, and liquidity on dividend policy and profitability as intervening variables in property companies and real estate. Companies were selected based on purposive sampling techniques to produce 50 samples from 10 companies. The data analysis technique used for testing the hypothesis was the path analysis test and the Sobel test. The research results showed that free cash flow, leverage and liquidity had no direct effect on dividend policy. Profitability had a mediate effect of free cash flow and liquidity on dividend policy while profitability was unable to mediate the relationship leverage on dividend policy. Companies can distribute dividends regardless of free cash flow, leverage and company liquidity. The results of the study indicated that there were no factors that are thought to have a direct influence on dividend policy that are proven to be significant, so it is suggested that further research include other factors that can influence dividend policy. Keywords: free cash flow, leverage, liquidity, profitability, dividend policy

The Effect of Operational Audit and Internal Control on Raw Material Inventory Management

Economic developments in this era are in line with world developments which give rise to competition between companies and require company management to make the best decisions. The aim of this research is to analyze how much influence operational audits and internal control have on raw material inventory management. In this research, a quantitative method was applied where data was collected using a questionnaire, which was then processed using the SPSS data analysis tool. The research target was employees who worked at the house property company at PT Baritana Indah Persada Medan, with a total sample of 60 respondents. The data analysis methods applied in this research include descriptive statistics, classical assumption analysis, multiple linear regression, classical assumption analysis, hypothesis testing and coefficient of determination. The findings of this research reveal that there is a significant relationship between raw material inventory management and operational audits and internal controls to smooth the company's operations well.

Factors Affecting Audit Report Lag in Property And Real Estate Companies On The IDX 2017-2021

Issuers listed on the stock exchange are mandated by Regulation No. 29/PJOKK.04/2016, issued by the Financial Services Authority (OJK), to submit their annual reports by the conclusion of the fourth month following the end of the financial year. However, there remains a deficiency in awareness regarding this obligation among entities, particularly concerning the reporting of audited financial statements. As reported by www.kontan.co.id (2023) the Indonesian Stock Exchange (BEI) revealed recently that sixty-one listed companies have not submitted audited financial reports by December 31, 2022, as required by law. As a result, they were fined IDR 50,000,000 for the delay and issued a level II written warning. Twelve of these businesses are involved in the real estate and property industry. The purpose of this study is to look at the elements that affect this industry's audit report delays. With the help of purposive sampling, 15 companies were chosen as research samples for the study, which focuses on real estate and property companies listed on the IDX. Multiple linear regression analysis was used to assess hypotheses after secondary data analysis. The findings suggest that although the age of the company and profitability influence audit report delays, the complexity of the company's operations and debt do not have a significant impact on these delays.

The 2021 extreme rainfall in Gävle, Sweden: impacts on municipal welfare services and actions towards more resilient premises and operations

Abstract Climate-related risks, vulnerabilities, and impacts are increasing in cities, illustrated by precipitation-driven pluvial floods. Post-event analyses can aid in reducing urban flood risks, but knowledge gaps exist regarding how welfare services and premises are impacted and can be adapted. This study analyses an extreme precipitation-driven event generating extensive flooding in Gävle, Sweden, in 2021. The objective is to increase knowledge about how municipal welfare services are vulnerable to pluvial floods, and of appropriate actions towards improving the response capacity and building more resilient welfare premises and operations. The study shows that the Swedish weather warning system generally worked well, but the analysed property companies lacked strategies and equipment to evade flooding in their properties. Flood damages in 60 analysed buildings were generated by different causes, demonstrating the importance of contemplating the vulnerability of welfare buildings when conducting flood risk assessments. Although the flood event did not cause deaths or serious personal injuries, the study identified impacts on welfare service operations in both the short and long terms. The event increased learning on climate adaptation but did not trigger adaptive action. Identified keys for adaptation include prioritizing premises to protect, knowledge of flood protection equipment, insurance company requirements, and updated emergency plans.

THE INFLUENCE OF FINANCIAL PERFORMANCE ON STOCK PRICES IN THE PROPERTY SECTOR AVAILABLE ON THE INDONESIAN STOCK EXCHANGE

The aim of this research is to determine the effect of financial performance on share prices in the property sector listed on the IDX. The population in this research is property sector companies listed on the Indonesia Stock Exchange (BEI), with a sample of 12 companies. This research was conducted using quantitative methods with the variables used in this research being Financial Ratios which are proxied by Current Ratio (CR), Return On Assets (ROA), Price Earning Ratio (PER), and Debt Equity Ratio (DER). The data analysis techniques used in this research are the classical assumption test, multiple linear regression analysis, hypothesis testing with partial tests (t tests) and determination tests with the help of SPSS software. The results of this research show that the Current Ratio (CR) has a positive and significant effect on the share prices of property companies listed on the Indonesia Stock Exchange (BEI) for the 2018-2022 period. Which means that the level of a company's ability to fulfill all its short-term obligations has a positive and significant effect on share prices, Return On Assets (ROA) has a positive and significant effect on the share prices of listed property companies (BEI) for the 2018-2022 period. Which means that the return on assets of a company has a positive and significant effect on share prices, the Price Earning Ratio (PER) has a positive and significant effect on the share prices of property companies listed on the Indonesia Stock Exchange (BEI) for the 2018-2022 period. Which means PER has increased in share prices. And the Debt Equity Ratio (DER) has no effect on the share prices of property companies listed on the Indonesia Stock Exchange (BEI) for the 2018-2022 period. Which means that the level of a company's ability to use owner's capital has no effect on share prices.