Company Valuation of PT Adaro Energy Indonesia Due to the Coal Price Volatility

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This study examines the financial performance and valuation of PT Adaro Energy Indonesia, a major coal mining company in Indonesia, considering declining coal prices. The analysis reveals a downward trend in the forecast coal price index from 2023 to 2030, but the company’s coal production continues to grow due to global demand. Financial ratios indicate a strong performance compared to industry peers. Discounted cash flow analysis shows positive cash flow, assuming coal price growth ceases by 2030 due to zero carbon emission policies. The study concludes that PT Adaro Energy Indonesia is overvalued and suggests strategic measures such as diversification and exploring new business areas to mitigate risks and enhance long-term sustainability.

The Development of RBL-STEAM Learning Materials to Improve Student’s Metaliteracy Thinking Skills in Solving RVAC Problems and It’s Application on Design Motif Batik

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Education is a milestone in the development of every individual’s mindset. With the development of the times, it is necessary to adjust in the field of education. One way is by developing learning tools using the research-based learning-STEAM model which aims to improve students’ meta literacy thinking skills. The method to be used in this research is a mixed method and the research procedure to be used, namely in the form of 4D development research consists of the defining stage, the design stage, the development stage, and the dissemination stage. From the device development process, the validation score obtained in each device is 3.6 for RTM, 3.5 for LKM, 3.5 for meta literacy skills test, 3.5 for the response questionnaire, 3.5 for implementation observation, 3.4 for activity observation, and 3.56 for the questionnaire. The practicality test of the learning device obtained 3.89 with a percentage of 97.25%. The effectiveness test was divided into the completeness of the meta-literation skills test with 85% of students completed, analysis of student activities with 95.5% activity, and 81.8% for the results of positive student questionnaire responses. The device as a whole meets the criteria of validity, practicality, and effectiveness. Furthermore, the Chi-Square test was conducted. Chi-Square test results obtained Asymp. Sig. 0.004 <0.05, which means that there is an increase in the distribution of student meta-literacy skill test levels from those that tend to gather in low-medium thinking abilities with 17 low-level students and 10 medium-level students at the pre-test, to those that tend to gather in the medium-high meta literacy thinking category with 11 medium-level students and 12 high-level students at the post-test.

Designing the Knowledge Management Strategy to Foster Continuous Improvement and Innovation in the Transportation Company

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In the contemporary business landscape, organizations and enterprises harness their knowledge as a distinctive competitive advantage to compete with competitors. The emergence of new technology-based transportation services along with the unprecedented COVID-19 pandemic has prompted Limosin Sejahtera, one of the business units of PT. Transportasi Inovatif Indonesia recognizes the importance of knowledge management as a strategic approach to leverage its knowledge assets. Through the APO Knowledge Management Assessment Tool and stakeholder interview, the research identifies several challenges that hinder the organization’s ability to leverage its knowledge assets effectively and impede innovation and continuous improvement initiatives. APO KM Assessment shows that KM maturity has already reached the Expansion level. The results then serve as a pivotal reference point, guiding the identification of precise strategies that have the potential to elevate knowledge management (KM) practices and lead the organization to foster continuous improvement and innovation culture.

Proposed Business Strategy for Enhancing the Market Competitiveness of Argo Parahyangan Facing the Jakarta – Bandung High-Speed Train

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This research analyzes the competition between the Argo Parahyangan train and the Jakarta-Bandung High-Speed Train (HST) on the Jakarta-Bandung route. The objective is to make an informed decision about the continuation of the Argo Parahyangan train, considering passenger preferences. Factors such as accessibility, comfort, travel cost, safety, and travel time influence passengers’ mode of transport choice. The study identifies travel cost and time as primary considerations for passengers. Proposed strategies include optimizing schedules, enhancing customer experience, promoting scenic views, utilizing social media, offering promotions, and forming partnerships. Implementing these strategies would enhance the market competitiveness of the Argo Parahyangan train, operated by the Indonesian Railway Service Company, in response to the Jakarta-Bandung HST operations.

The Development of RBL-STEM Learning Materials to Improve Students’ Computational Thinking Skills in Solving Rainbow Vertex Antimagic Coloring Problems and It’s Application for Batik Motif Design

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Computational thinking is thinking process that is needed in formulating problems and solutions, so that these solutions can be effective information processing agents in solving problems. Indicators of computational thinking consist of problem decomposition, algorithmic thinking, pattern recognition, abstraction and generalization. To improve higher-order thinking skills, we apply RBL learning integrated with STEM approach and their aplication to batik matif design. To improve students’ thinking skills, it is necessary to develop tools that support the success of learning activities. The learning tools that have been developed meet the criteria of valid, practical, and effective. The validity score obtained on each device is 3.58 for the student assignment plan (RTM), 3.47 for the student worksheet (LKM), and 3.64 for the learning outcomes test (THB). The observation result of the learning implementation score was 3.72 with a percentage of 93%. In addition to being valid and practical, the material also meets the criteria for effectiveness. On average, 95% of students in this trial class are classified as complete students and the response from students is positive. Based on the test results, researchers got 23 students who scored above 60. This means that 82% of students in this class have completed and met one of the effectiveness criteria. Student response questionnaires also give more positive responses than negative responses.

The Influence of Social Media Endorsement on Customer Purchase Decision

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Celebrity social media endorsement has become a popular marketing strategy over the last decade. However, it is not always effective in the consumer purchase decision process. Sometimes, it brings adverse effects to the brand and product due to the wrong selection of celebrity figures. and for MSME who have limited capital, it is very important to effectively choose celebrities on social media for endorsement so that marketing strategies carried out result in consumer purchase decisions. Therefore, this research aimed to investigate three variables that related to celebrity social media endorsement but had the most significant influence on purchase decisions. Among others: expertise, trustworthiness, and attractiveness so it can be used by marketers or MSME as an insight. This research used a quantitative method to collect the data; there were 205 respondents as a sample. The data will be analyzed with inner and outer models and calculated with PLS statistics. The findings revealed that all variables, including expertise, trustworthiness, and attractiveness, have a positive influence on purchase decisions. However, it is only trustworthiness and attractiveness that have significant influence, with the p-values of trustworthiness (0.042  0.050) and a coefficient obtained of 0.175, which means they have a positive and significant influence also p-values of attractiveness (0.000  0.050) with a coefficient obtained of 0,647, which means a positive and significant influence and expertise had an insignificant influence on purchase decisions with p-values (0.843 > 0.050) and a coefficient of 0.014, which means it had a positive and insignificant influence on purchase decisions. This research has come to the conclusion that MSME may consider applying celebrity social media endorsements to their campaigns, but they must take into account the variables that have a significant influence on the purchase decision. Particularly attractiveness, which had the most significant influence.

The Role of Management Information Systems in Kerambitan Village Governance with Tri Hita Karana Culture as a Mediation Variable

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This study aims to examine the effect of Management Information Systems on Governance. The mediating variable, namely the concept of Hindu culture Tri Hita Karana is included in this study. This research was conducted in one of the agro-tourism villages in Bali, namely Kerambitan Village – Tabanan by taking 128 research samples. The overall model evaluation results are based on the R-Square (R2), Q-Square Predictive Relevance (Q2) and Goodness of Fit (GoF) values, so the model is declared good. The results obtained by the Management Information System have a positive effect on Tri Hita Karana, Tri Hita Karana has a positive effect on corporate governance and Tri Hita Karana mediates the influence of management information systems on corporate governance.

The Development of RBL – STEM Learning Materials to Improve Student’s Conjecturing Thinking Skills in Solving Rainbow Vertex Antimagic Coloring Promblems and it’s Application to Supply Chain Management Using ANN

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One of the educational developments in recent years has to do with STEM. The term STEM (Science, Technology, Engineering, and mathematics) is one approach in the learning process that is quite influential to be used today. STEM-based learning focuses students on solving problems in everyday life by combining the four fields of science: science, technology, engineering, and mathematics. The resulting device has met the validity criterion of 3.25≤ Va<4; the suggestion from validators does not change the device as a whole, but only a tiny part. The validity score obtained in each device is 3.6 for RTM (valid), 3.5 for LKM (practical), and 3.6 for THB (practical). This math learning tool also meets the criteria of practicality, and the practitioner’s advice does not change the device as a whole but only a tiny part. In addition to being valid and practical, the device also meets the criteria of effectiveness. The average student in this trial class is classified as a complete student, and the response from students is positive. Based on the test results, researchers found 16 students with 70% presentations who scored above 60.

Risk Assessment Analysis for the Merger of Online Platform Companies

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The risks connected to the merger of Company X and Y, a well-known online platform company, are examined in this research, along with suggestions for efficient risk management tactics. The study identifies potential risks like revenue loss, increased debt, compliance with regulations, conflicts between corporate cultures, and data privacy issues. The research suggests strategies to reduce the identified risks and guarantee a successful merger process after thoroughly analyzing these risks. The recommendations cover the creation of strong risk management strategies, efficient coordination and communication between the merging businesses, retention of key personnel, implementation of data privacy measures, proactive risk management of legal and regulatory risks, market monitoring, and ongoing evaluation and updates of risk management plans. By putting these suggestions into practice, Company X and Y can successfully manage risks, reduce potential negative effects, and position itself for long-term success in the phase following the merger. This research makes a contribution to the field of risk management in the context of corporate mergers by offering insightful information for businesses engaged in mergers and acquisitions.

Investment Strategy, Manager Characteristics, and Corporate Governance Effects on Mutual Fund Performance: A Study of PT Asuransi Jiwasraya (Persero) During Period of 2013-2018

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This study aims to examine the relationships between investment strategies, investment manager characteristics, and corporate governance on the investment performance of PT Asuransi Jiwasraya (Persero)’s mutual funds investment from 2013 to 2018. The year 2013 marked the introduction of a new bancassurance product, which necessitated PT AJS to generate higher returns on investment in a short-term period. The sudden change in management in 2018 brought the mismanagement case to public attention. The analysis utilized a cross-sectional multilinear regression approach, allowing for the examination of multiple independent variables and their relationship with the dependent variable. Data for the study is collected from various sources, including annual reports, financial reports, prospectuses, and court documents. The relationships are assessed using seven regression models, with measures such as mean return, standard deviation, beta, Sharpe ratio, Treynor ratio, Jensen’s Alpha, and state loss as the dependent variables. The regression models are estimated using SPSS software, and assumptions of linearity, independence of errors, homoscedasticity, and absence of multicollinearity are checked to ensure the validity of the analysis. Hypothesis testing is conducted to determine the statistical significance of the relationships, and measures such as R-squared, adjusted R-squared, and F-statistic are used to assess the overall goodness-of-fit of the models. The findings indicate that the models for mean return, Treynor ratio, Jensen’s Alpha, and state loss are statistically significant, demonstrating a strong correlation and high explanatory power. The results suggest that value investing and smaller market capitalization of constituent stocks have a positive association with investment performance. Additionally, reducing the presence of dividend-paying and suspect stocks is beneficial for investment performance. Factors such as management fees, education background, and years of experience show significant positive relationships, while investment horizon, asset size, and past performance have significant negative relationships with investment performance. The age of the investment manager does not exhibit a significant relationship. Furthermore, corporate governance demonstrates a negative relationship with investment performance. These findings provide valuable insights for improving investment performance and offer important lessons to prevent similar cases of mismanagement of investment funds in the future.