This document discusses the business development strategy of PT Beringin Trijaya Internasional (BTI), an Indonesian trading company, as it plans to diversify into real estate development. It analyzes BTI's situation and recommends a diversification strategy of acquisition and merger. It also presents the multi-stage process BTI will undertake, beginning with acquiring land and merging with a design firm, followed by securing investor and bank financing to fund development. Financial analysis using the US Index theory evaluates funding alternatives and recommends a combination of internal, investor and bank funds. The strategy aims to accelerate BTI's entry into real estate through acquisition while maintaining control and leveraging different sources of capital.
Firm Performance Based on Acquisition, Merger, and Debt Policy on SOE in Indo...AJHSSR Journal
ABSTRACT: This study aims to examine the effect of acquisitions, mergers, and debt policies on company
performance in BUMN companies listed on BPS for the 2016-2020 period. The data collection technique used
was purposive sampling, where the sample obtained was 317 that met the criteria. The data analysis techniques
used in this study are descriptive statistics, classical assumption tests, multiple regression analysis tests and
hypothesistesting. Based on the research conducted, the research results show that acquisitions and mergers havea
significant effect on company performance, as well as debt policy which has a significant effect on company
performance.
KEYWORDS: Acquisition, Merger, Debt, Firm Performance
This document is a project report on mergers and acquisitions submitted by Mr. Sunil Shendage. It includes an acknowledgement, objective, table of contents, preface, and various sections analyzing mergers and acquisitions such as the acquisition process, forms of corporate downsizing, the legal procedure, mergers in the IT sector, risk in mergers and acquisitions, and a case study on TATA Tea and Tetley. The report discusses the meaning of mergers and acquisitions, types of mergers like vertical, horizontal, circular and conglomerate combinations, and common objectives for business combinations such as growth, synergy, managerial efficiency, market entry, and diversification.
The document discusses an investment analysis conducted by PT Yonly Glass, a glass processing and application company in Indonesia. It analyzes the investment using Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period (PP), and Return on Investment (ROI). The results of the calculations for each method were positive, with NPV above 0, IRR above the required rate, PP below the target period, and positive ROI. Therefore, the analysis found that the glass processor and application business investment was viable and profitable.
For the second quarter this year, the number of deals stood at 111 with VC investments of $583 million while in January-March quarter this year, 126 deals took place and investments worth at $1.402 billion were done.
CHARTERED ACCOUNTANT’S ASSISTANCE FOR EXPONENTIAL GROWTH OF YOUR BUSINESS IN ...CA. (Dr.) Rajkumar Adukia
This article will be covering how Chartered accountants can make the best use of their expertise to help businesses/organizations in achieving exponential growth by assisting them beyond the areas of taxation & regulatory compliance.
The document discusses the state of the Indian fintech landscape. It notes that the fintech industry in India has reached significant scale, with over $800 billion in annual payments transactions. Fintechs have contributed greatly to the Indian economy and played an important role in providing financial services to more Indians. However, the document also notes that profitability is a major challenge for many fintechs, with over 70% of respondents believing most may not be profitable in the next 2-3 years. It emphasizes the need for fintechs to focus on unit economics and design for profitability from the start. The regulatory framework in India is also discussed as being supportive but needing continued improvements in consistency, communication, collaboration and calibration to further foster
The Effect of Conflict Agency, Leverage, and Political Cost on Creative Accou...ijtsrd
Creative accounting occurs because managers expect a benefit from the actions they take. This creative accounting practice does not violate generally accepted accounting principles, but the existence of this practice can erode public confidence in financial statements. This research type is quantitative, using secondary data on financial statements and company annual reports. The population is infrastructure companies whose shares were listed on the Indonesia Stock Exchange during the 2020 2021. The samples taken amounted to 70 firm years observation that successively disclosed their financial statements and had complete data related to the variables used in the research. MO and audit committee testing results do not affect creative accounting. Leverage and FS have a positive effect on creative accounting. Larger companies choose revenue deferred accounting methods to avoid political costs. Ardhya Yudistira Adi Nanggala "The Effect of Conflict Agency, Leverage, and Political Cost on Creative Accounting" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-4, August 2023, URL: https://www.ijtsrd.com/papers/ijtsrd57522.pdf Paper Url:https://www.ijtsrd.com/economics/accounting/57522/the-effect-of-conflict-agency-leverage-and-political-cost-on-creative-accounting/ardhya-yudistira-adi-nanggala
Capital Budgeting for Profitable Deceision MakingStacey Troup
The document discusses capital budgeting techniques used by The Hershey Company to evaluate investment projects. It describes the capital budgeting process, methods to evaluate projects like net present value, internal rate of return and payback period. It provides examples of how these methods are used to determine if projects will be profitable. It also summarizes several major capital projects undertaken by Hershey from 2010-2019 related to supply chain improvements, cost reductions and productivity gains.
Firm Performance Based on Acquisition, Merger, and Debt Policy on SOE in Indo...AJHSSR Journal
ABSTRACT: This study aims to examine the effect of acquisitions, mergers, and debt policies on company
performance in BUMN companies listed on BPS for the 2016-2020 period. The data collection technique used
was purposive sampling, where the sample obtained was 317 that met the criteria. The data analysis techniques
used in this study are descriptive statistics, classical assumption tests, multiple regression analysis tests and
hypothesistesting. Based on the research conducted, the research results show that acquisitions and mergers havea
significant effect on company performance, as well as debt policy which has a significant effect on company
performance.
KEYWORDS: Acquisition, Merger, Debt, Firm Performance
This document is a project report on mergers and acquisitions submitted by Mr. Sunil Shendage. It includes an acknowledgement, objective, table of contents, preface, and various sections analyzing mergers and acquisitions such as the acquisition process, forms of corporate downsizing, the legal procedure, mergers in the IT sector, risk in mergers and acquisitions, and a case study on TATA Tea and Tetley. The report discusses the meaning of mergers and acquisitions, types of mergers like vertical, horizontal, circular and conglomerate combinations, and common objectives for business combinations such as growth, synergy, managerial efficiency, market entry, and diversification.
The document discusses an investment analysis conducted by PT Yonly Glass, a glass processing and application company in Indonesia. It analyzes the investment using Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period (PP), and Return on Investment (ROI). The results of the calculations for each method were positive, with NPV above 0, IRR above the required rate, PP below the target period, and positive ROI. Therefore, the analysis found that the glass processor and application business investment was viable and profitable.
For the second quarter this year, the number of deals stood at 111 with VC investments of $583 million while in January-March quarter this year, 126 deals took place and investments worth at $1.402 billion were done.
CHARTERED ACCOUNTANT’S ASSISTANCE FOR EXPONENTIAL GROWTH OF YOUR BUSINESS IN ...CA. (Dr.) Rajkumar Adukia
This article will be covering how Chartered accountants can make the best use of their expertise to help businesses/organizations in achieving exponential growth by assisting them beyond the areas of taxation & regulatory compliance.
The document discusses the state of the Indian fintech landscape. It notes that the fintech industry in India has reached significant scale, with over $800 billion in annual payments transactions. Fintechs have contributed greatly to the Indian economy and played an important role in providing financial services to more Indians. However, the document also notes that profitability is a major challenge for many fintechs, with over 70% of respondents believing most may not be profitable in the next 2-3 years. It emphasizes the need for fintechs to focus on unit economics and design for profitability from the start. The regulatory framework in India is also discussed as being supportive but needing continued improvements in consistency, communication, collaboration and calibration to further foster
The Effect of Conflict Agency, Leverage, and Political Cost on Creative Accou...ijtsrd
Creative accounting occurs because managers expect a benefit from the actions they take. This creative accounting practice does not violate generally accepted accounting principles, but the existence of this practice can erode public confidence in financial statements. This research type is quantitative, using secondary data on financial statements and company annual reports. The population is infrastructure companies whose shares were listed on the Indonesia Stock Exchange during the 2020 2021. The samples taken amounted to 70 firm years observation that successively disclosed their financial statements and had complete data related to the variables used in the research. MO and audit committee testing results do not affect creative accounting. Leverage and FS have a positive effect on creative accounting. Larger companies choose revenue deferred accounting methods to avoid political costs. Ardhya Yudistira Adi Nanggala "The Effect of Conflict Agency, Leverage, and Political Cost on Creative Accounting" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-4, August 2023, URL: https://www.ijtsrd.com/papers/ijtsrd57522.pdf Paper Url:https://www.ijtsrd.com/economics/accounting/57522/the-effect-of-conflict-agency-leverage-and-political-cost-on-creative-accounting/ardhya-yudistira-adi-nanggala
Capital Budgeting for Profitable Deceision MakingStacey Troup
The document discusses capital budgeting techniques used by The Hershey Company to evaluate investment projects. It describes the capital budgeting process, methods to evaluate projects like net present value, internal rate of return and payback period. It provides examples of how these methods are used to determine if projects will be profitable. It also summarizes several major capital projects undertaken by Hershey from 2010-2019 related to supply chain improvements, cost reductions and productivity gains.
This document provides a summary of the Indian private equity market in 2012. It finds that while deal activity has been mixed, rigorous due diligence can lead to rewarding results. It notes that the number of exits declined in 2011, creating discomfort for investors. However, the long-term potential of India remains strong due to factors like demographics, industrial growth, and infrastructure needs. Key sectors for private equity investment are seen as e-commerce, IT/ITES, and pharmaceuticals. Exits are expected to remain challenging until stock market conditions improve.
The Influence of Corporate Social Responsibility Disclosure on Total Accounti...ijtsrd
Disclosure of Corporate Social Responsibility for Growth in Accounting Profits at Financing Companies is one of the things in assessing company performance. This study aims to determine the effect of Corporate Social Responsibility Disclosure on Accounting Profit Growth in Financing Companies Listed on the Indonesia Stock Exchange. Data analysis used statistical analysis consisting of simple linear regression, correlation coefficient, coefficient of determination, and t test. The results of this research are simple linear regression equation Y = 497.045 7.0662X, correlation coefficient 0.84881, and determination coefficient 0.7205 and t count t table 3.915 2.132 . The results showed that Corporate Social Responsibility had a positive and significant effect on the amount of accounting profit at PT. BFI Finance Indonesia, Tbk. Nur Aisyah | Nur Fatwa Basar | Rais Muharram "The Influence of Corporate Social Responsibility Disclosure on Total Accounting Profits at PT. BFI Finance Indonesia Tbk" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-1 , December 2020, URL: https://www.ijtsrd.com/papers/ijtsrd38171.pdf Paper URL : https://www.ijtsrd.com/economics/accounting/38171/the-influence-of-corporate-social-responsibility-disclosure-on-total-accounting-profits-at-pt-bfi-finance-indonesia-tbk/nur-aisyah
Comparitive study of online share trading account and market potential of il&...Supa Buoy
Hi Friends
This is supa bouy
I am a mentor, Friend for all Management Aspirants, Any query related to anything in Management, Do write me @ supabuoy@gmail.com.
I will try to assist the best way I can.
Cheers to lyf…!!!
Supa Bouy
Measure What Matters - New Perspectives on Portfolio SelectionUMT
The document discusses new frameworks for IT portfolio selection that consider both financial and strategic metrics. It summarizes that traditional portfolio selection focused solely on financial metrics, but recent research shows this led to underinvestment in strategic areas. The new framework evaluates investments from four perspectives: demand, supply, governance, and alternatives. This allows executives to consider financial returns, strategic alignment, risk exposure, architectural fit, options, costs, deadlines, and skills. Successful companies now use multiple financial and strategic metrics to optimize resource allocation and maximize investment value and benefits.
FINANCIAL ANALYSIS OF RELIANCE JIO PDF.pdfVismayTyagi
The document provides an overview of financial analysis and ratio analysis. It discusses the need to analyze financial statements to better understand a company's financial position and performance. It classifies ratios into traditional categories such as liquidity, activity, profitability, and debt. Common financial analysis tools include ratio analysis, funds flow analysis, and cash flow analysis. Ratio analysis involves calculating and comparing financial metrics over time, against industry benchmarks, and between companies to evaluate performance. The summary discusses the purpose and importance of financial analysis and ratio analysis for decision making.
Capital Investment 5Sources of Finance for the Proposed .docxhacksoni
Capital Investment 5
Sources of Finance for the Proposed CI Project and the Gap between the Theory and Practice of Capital Budgeting
By
Course
Tutor
University
City/State
Date
Introduction Comment by Ufuk Misirlioglu: No need along introduction, and add a very limited contribution.
Capital budgeting is one of the key processes businesses use to determine the potential of projects succeeding or failing to recuperate the initial financial investments. The process is very critical when large companies want to expand or introduce huge assets, which probably require colossal amounts of first cash investment as well as maintenance. These investments and projects can range from constructing massive new production plants to other long-term schemes. In such instances, business capital investment managers often spend a significant amount of time assessing the new project’s prospective lifetime success, including the cash outflows and inflows. This investment appraisal process is important in evaluating whether the potential outcomes or revenues generated can meet the target benchmark.
After achieving a successful capital budgeting plan, it is critical that a firm evaluates its prospective financial sources to fund the proposed projects. For example, based on its financial position, the projected amount of investment capital, and the repayment duration, an organization can either opt for a bank loan or sells its equity to other potential investors. That being said, Foster Construction Ltd needs to assess a wide range of possible financiers to support the purchase of the new ALII. This paper, therefore, mainly discusses some of these capital financing proposals the company can explore, with the last section detailing the existing gap between theory and practice of capital budgeting.
Discussion
A. Sources of Finance for the Proposed CI Project
Foster is a reputable company and boasts of a sizeable annual revenue-meaning that the firm cannot struggle to pay its debts. We truly have quite a range of options that can assist us to fund the new ALII capital project as a private firm. The following are some of the two most viable financial alternatives for the organization:
Firstly, I propose we obtain a short-term loan, probably payable within four years, from a renowned financial institution or commercial bank. I strongly believe a short-term loan can assist the Foster Construction Ltd to buy and maintain the modern ALII crane and restore the old one for the next four years. However, there are critical factors that must be considered before identifying the right financier and the amount we can apply. Current and projected inflation rates in the country will definitely play a central role. We must also consider the interest rates offered by each particular organization to determine the lowest repayable amount within the four years. Comment by Ufuk Misirlioglu: Mismatch. Comment by Ufuk Misirlioglu: This is not a short-term. Comment by .
The document provides an overview of the positive economic developments and outlook for India in 2023 and going into 2024. It discusses how India emerged from 2023 with increased stability and optimism for growth following a successful moon mission and hosting the G20 summit. Key factors contributing to India's strong position include growth in manufacturing attracting global companies, efforts to reduce logistics costs to participate more in global supply chains, and policies to enhance infrastructure and attract investment. Economic indicators like GDP growth, the stock market, and the manufacturing PMI were positive. The outlook for 2024 remains optimistic, though some volatility is possible due to global factors like elections and inflation.
The document analyzes the financial performance of PT Yonly Glass, a glass processing and application company in Indonesia, over a 5-year period using profitability, solvency, and liquidity ratios. The profitability ratios, including gross profit margin, operating profit margin, and net profit margin, showed mostly positive and improving results ranging from 78-82%, 45-52%, and 37-43% respectively over the 5 years. The solvency ratios, debt to asset ratio and debt to equity ratio, decreased over time and remained below 0.05, indicating low debt levels. The liquidity ratios, including current ratio, quick ratio, and cash ratio, revealed the company to be in a stable liquid position. The
Effect of Entrepreneurial Orientation on the Performance of Small EnterprisesAI Publications
Several studies have revealed the importance of the entrepreneurial orientation (EO) concept in improving firm performance since its inception. However, because of the complications that small businesses face, there are still concerns about whether EO can improve their performance. This study investigated the effect of EO on the performance of small enterprises in Abuja, Nigeria. The objective of the study is to specifically assess the effect of the dimensions of EO viz. autonomy, innovativeness, proactiveness and risk-taking on the business performance of small enterprises in Abuja. The study made use of a survey research design to target a population of 2750 small enterprises in Abuja. Using the Taro Yamane formula, a sample size of 349 was obtained. Of the questionnaires randomly issued to the small enterprises, 338 were completed and returned representing a 96.84% response rate. The questionnaires contained closed-ended questions that were rated on a 5-point Likert scale. The data was then analysed using descriptive statistics and multiple linear regression. Arising from the result, the regression model was significant at 0.000 with the calculated value greater than the critical value (16.910>2.399), hence, the null hypothesis was rejected. It was concluded that, overall, EO has a significant effect on business performance. However, of the dimensions tested, autonomy is insignificant, while innovativeness, proactiveness and risk-taking are significant. The study recommends that entrepreneurial development initiative that aims at building the EO dimensions of small enterprises should focus on innovativeness, proactiveness and risk-taking, rather than autonomy.
The Infrastructure sector has been the key driver for the Indian economy. The sector is critically important for sustaining the momentum of the economic growth, and the Government has undertaken policy interventions and initiatives to boost the sector.
Foreign Direct Investment (FDI) received in the construction sector (including townships, housing and built-up infrastructure) from April 2000 to March 2017 is estimated at USD 24.3 billion.
CII, over the years, has been working very closely with stakeholders across the infrastructure verticals to stimulate greater private sector investment. This edition of the Policy Watch focuses on the infrastructure sector.
Determinants of Capital Structure in Indonesian Banking Sector inventionjournals
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Sales related activities in defines geographical area for the purpose of iden...UPMANYU TIWARI
This document summarizes two open job positions - one for a sales role and one for a credit appraiser role. The sales role involves identifying potential buyers, developing relationships, participating in events, achieving sales targets, and maintaining customer satisfaction. It pays a fixed salary of Rs. 3.5 lacs plus incentives. The credit appraiser role involves scrutinizing loan documents, preparing appraisal notes, interacting with customers, and ensuring compliance. It pays a fixed salary of Rs. 3.5 lacs plus bonuses. Both roles require strong communication, relationship building, and computer skills.
Aditya Puri, the CMD of HDFC Bank, is concerned about the bank's performance as targets have been questioned due to market volatility. He reflects on HDFC Bank's growth over the years under his leadership to become one of the top banks in India. The document then provides context about economic reforms in India since 1991 that created challenges for industry. It summarizes reforms in the financial sector, privatization, and social sector development.
Financial literacy for Mutual Fund Investment: An extensive study on investor...AI Publications
Peoples are always intending to invest their savings for several security purposes, but the crucial matter of concern is that where they are investing. Thinking of such investment options, capital market is a superior alternative all the time. Panic due to lack of financial knowledge about that market acts as crucial parameter in becoming the people’s choice of investment. After went over a myriad of investment choices, mutual fund would be a secure platform to invest. The main purpose of this study is to get an overview about the financial literacy level of Bangladeshi investors who invest in mutual fund and trying to assess the implication of financial literacy on investment intension. Data were collected with the help of online survey method from primary sources on the basis of a well-structured questionnaire where convenient sampling is applicable due to focus on mutual fund investors. Respondents’ financial knowledge level is evaluated by asking eleven specific questions on varied financial concepts following the G20 survey of OECD and investment intention is measured by Ajzen’s conceptual and methodological framework. Based on the descriptive statistics, Correlation is used to analyze the collected primary data. Some significant findings are uncovered like Bangladeshi investors belong to low literacy level. Study also indicates a negligible inverse relationship between financial literacy level and investment intention of investors which in turn stimulate existing investors to recommend others to invest in mutual fund due to low literacy level. So it is profound that low literate investors can be a vital key to promote mutual fund and enrich financial market of Bangladesh.
Kraken is one of the largest cryptocurrency exchanges, allowing trading of major cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more. It offers spot trading with low fees and also offers leveraged trading for some cryptocurrencies at leverage ratios between 1:2 to 1:5. While not offering as high leverage as forex brokers, Kraken provides a secure and well-established platform for trading various cryptocurrencies.
This document summarizes a study that examines factors affecting the business sustainability of start-ups in Korea that receive government support. It analyzes how entrepreneurship, market orientation, and network impact business sustainability, with flow experience and entrepreneurial satisfaction acting as mediators. The study surveyed 273 Korean start-ups and found that entrepreneurship impacted sustainability through the mediators of flow experience and satisfaction. Market orientation impacted sustainability through flow experience, and network impacted it through satisfaction. The document provides context on government support for start-ups globally and in Korea, and discusses the importance of entrepreneurship, market orientation, and network for start-up success and sustainability.
This document summarizes a study that examines factors affecting the business sustainability of start-ups in Korea that receive government support. It conducted a survey of 273 Korean start-ups and analyzed whether entrepreneurship, market orientation, and network affected business sustainability, with flow experience and entrepreneurial satisfaction acting as mediators. The results found that entrepreneurship affected sustainability through the mediators of flow experience and satisfaction. Market orientation affected sustainability through flow experience, and network affected it through satisfaction. The study aims to provide implications for developing strategic support to increase the effectiveness of government programs in promoting long-term start-up survival and growth.
Valuation of Startups [with limitation of traditional valuation approach] Nitin Pahilwani
Valuation of Startups [with limitation of traditional valuation approach]
1. Introduction…
2. Factors affecting Start-up Valuation…
3. Limitation of Traditional Valuation Method…
4. Start-up Valuation Method…
a. Venture Capital Method…
b. Berkus Method…
c. Scorecard Method…
d. Risk Factor Simulation Method…
e. First Chicago Method…
5. Closing the Valuation Gap…
Valuation of Startups [with limitation of traditional valuation approach] N Pahilwani & Associates
Valuation of Startups [with limitation of traditional valuation approach]
1. Introduction…
2. Factors affecting Start-up Valuation…
3. Limitation of Traditional Valuation Method…
4. Start-up Valuation Method…
a. Venture Capital Method…
b. Berkus Method…
c. Scorecard Method…
d. Risk Factor Simulation Method…
e. First Chicago Method…
5. Closing the Valuation Gap…
1) The document examines the influence of external bailouts on macroeconomic stability in Ghana from 2008 to 2021 using time series data and vector error correction modeling.
2) It finds that while external bailouts have no short-term impact, there is a long-term causal relationship between bailouts and macroeconomic stability as well as with foreign direct investment, GDP, and imports.
3) To improve stability, the authors recommend that Ghana reduce reliance on external bailouts, increase foreign reserves, and expand agriculture and industrialization.
- The document discusses a study on increasing brand awareness of Oranger Mobile, which is a courier service partner of PT Pos Indonesia responsible for pickups, deliveries, and direct sales.
- Brand awareness of Oranger is currently low, as the number of Oranger drivers did not meet targets in 2021 and most respondents in a survey were not familiar with the Oranger brand.
- The study uses a mixed-methods approach, collecting both qualitative data to measure brand awareness and quantitative data to analyze factors influencing awareness. The results show advertising, publicity, sponsorship, and word-of-mouth can increase Oranger's brand awareness.
This document provides a summary of the Indian private equity market in 2012. It finds that while deal activity has been mixed, rigorous due diligence can lead to rewarding results. It notes that the number of exits declined in 2011, creating discomfort for investors. However, the long-term potential of India remains strong due to factors like demographics, industrial growth, and infrastructure needs. Key sectors for private equity investment are seen as e-commerce, IT/ITES, and pharmaceuticals. Exits are expected to remain challenging until stock market conditions improve.
The Influence of Corporate Social Responsibility Disclosure on Total Accounti...ijtsrd
Disclosure of Corporate Social Responsibility for Growth in Accounting Profits at Financing Companies is one of the things in assessing company performance. This study aims to determine the effect of Corporate Social Responsibility Disclosure on Accounting Profit Growth in Financing Companies Listed on the Indonesia Stock Exchange. Data analysis used statistical analysis consisting of simple linear regression, correlation coefficient, coefficient of determination, and t test. The results of this research are simple linear regression equation Y = 497.045 7.0662X, correlation coefficient 0.84881, and determination coefficient 0.7205 and t count t table 3.915 2.132 . The results showed that Corporate Social Responsibility had a positive and significant effect on the amount of accounting profit at PT. BFI Finance Indonesia, Tbk. Nur Aisyah | Nur Fatwa Basar | Rais Muharram "The Influence of Corporate Social Responsibility Disclosure on Total Accounting Profits at PT. BFI Finance Indonesia Tbk" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-1 , December 2020, URL: https://www.ijtsrd.com/papers/ijtsrd38171.pdf Paper URL : https://www.ijtsrd.com/economics/accounting/38171/the-influence-of-corporate-social-responsibility-disclosure-on-total-accounting-profits-at-pt-bfi-finance-indonesia-tbk/nur-aisyah
Comparitive study of online share trading account and market potential of il&...Supa Buoy
Hi Friends
This is supa bouy
I am a mentor, Friend for all Management Aspirants, Any query related to anything in Management, Do write me @ supabuoy@gmail.com.
I will try to assist the best way I can.
Cheers to lyf…!!!
Supa Bouy
Measure What Matters - New Perspectives on Portfolio SelectionUMT
The document discusses new frameworks for IT portfolio selection that consider both financial and strategic metrics. It summarizes that traditional portfolio selection focused solely on financial metrics, but recent research shows this led to underinvestment in strategic areas. The new framework evaluates investments from four perspectives: demand, supply, governance, and alternatives. This allows executives to consider financial returns, strategic alignment, risk exposure, architectural fit, options, costs, deadlines, and skills. Successful companies now use multiple financial and strategic metrics to optimize resource allocation and maximize investment value and benefits.
FINANCIAL ANALYSIS OF RELIANCE JIO PDF.pdfVismayTyagi
The document provides an overview of financial analysis and ratio analysis. It discusses the need to analyze financial statements to better understand a company's financial position and performance. It classifies ratios into traditional categories such as liquidity, activity, profitability, and debt. Common financial analysis tools include ratio analysis, funds flow analysis, and cash flow analysis. Ratio analysis involves calculating and comparing financial metrics over time, against industry benchmarks, and between companies to evaluate performance. The summary discusses the purpose and importance of financial analysis and ratio analysis for decision making.
Capital Investment 5Sources of Finance for the Proposed .docxhacksoni
Capital Investment 5
Sources of Finance for the Proposed CI Project and the Gap between the Theory and Practice of Capital Budgeting
By
Course
Tutor
University
City/State
Date
Introduction Comment by Ufuk Misirlioglu: No need along introduction, and add a very limited contribution.
Capital budgeting is one of the key processes businesses use to determine the potential of projects succeeding or failing to recuperate the initial financial investments. The process is very critical when large companies want to expand or introduce huge assets, which probably require colossal amounts of first cash investment as well as maintenance. These investments and projects can range from constructing massive new production plants to other long-term schemes. In such instances, business capital investment managers often spend a significant amount of time assessing the new project’s prospective lifetime success, including the cash outflows and inflows. This investment appraisal process is important in evaluating whether the potential outcomes or revenues generated can meet the target benchmark.
After achieving a successful capital budgeting plan, it is critical that a firm evaluates its prospective financial sources to fund the proposed projects. For example, based on its financial position, the projected amount of investment capital, and the repayment duration, an organization can either opt for a bank loan or sells its equity to other potential investors. That being said, Foster Construction Ltd needs to assess a wide range of possible financiers to support the purchase of the new ALII. This paper, therefore, mainly discusses some of these capital financing proposals the company can explore, with the last section detailing the existing gap between theory and practice of capital budgeting.
Discussion
A. Sources of Finance for the Proposed CI Project
Foster is a reputable company and boasts of a sizeable annual revenue-meaning that the firm cannot struggle to pay its debts. We truly have quite a range of options that can assist us to fund the new ALII capital project as a private firm. The following are some of the two most viable financial alternatives for the organization:
Firstly, I propose we obtain a short-term loan, probably payable within four years, from a renowned financial institution or commercial bank. I strongly believe a short-term loan can assist the Foster Construction Ltd to buy and maintain the modern ALII crane and restore the old one for the next four years. However, there are critical factors that must be considered before identifying the right financier and the amount we can apply. Current and projected inflation rates in the country will definitely play a central role. We must also consider the interest rates offered by each particular organization to determine the lowest repayable amount within the four years. Comment by Ufuk Misirlioglu: Mismatch. Comment by Ufuk Misirlioglu: This is not a short-term. Comment by .
The document provides an overview of the positive economic developments and outlook for India in 2023 and going into 2024. It discusses how India emerged from 2023 with increased stability and optimism for growth following a successful moon mission and hosting the G20 summit. Key factors contributing to India's strong position include growth in manufacturing attracting global companies, efforts to reduce logistics costs to participate more in global supply chains, and policies to enhance infrastructure and attract investment. Economic indicators like GDP growth, the stock market, and the manufacturing PMI were positive. The outlook for 2024 remains optimistic, though some volatility is possible due to global factors like elections and inflation.
The document analyzes the financial performance of PT Yonly Glass, a glass processing and application company in Indonesia, over a 5-year period using profitability, solvency, and liquidity ratios. The profitability ratios, including gross profit margin, operating profit margin, and net profit margin, showed mostly positive and improving results ranging from 78-82%, 45-52%, and 37-43% respectively over the 5 years. The solvency ratios, debt to asset ratio and debt to equity ratio, decreased over time and remained below 0.05, indicating low debt levels. The liquidity ratios, including current ratio, quick ratio, and cash ratio, revealed the company to be in a stable liquid position. The
Effect of Entrepreneurial Orientation on the Performance of Small EnterprisesAI Publications
Several studies have revealed the importance of the entrepreneurial orientation (EO) concept in improving firm performance since its inception. However, because of the complications that small businesses face, there are still concerns about whether EO can improve their performance. This study investigated the effect of EO on the performance of small enterprises in Abuja, Nigeria. The objective of the study is to specifically assess the effect of the dimensions of EO viz. autonomy, innovativeness, proactiveness and risk-taking on the business performance of small enterprises in Abuja. The study made use of a survey research design to target a population of 2750 small enterprises in Abuja. Using the Taro Yamane formula, a sample size of 349 was obtained. Of the questionnaires randomly issued to the small enterprises, 338 were completed and returned representing a 96.84% response rate. The questionnaires contained closed-ended questions that were rated on a 5-point Likert scale. The data was then analysed using descriptive statistics and multiple linear regression. Arising from the result, the regression model was significant at 0.000 with the calculated value greater than the critical value (16.910>2.399), hence, the null hypothesis was rejected. It was concluded that, overall, EO has a significant effect on business performance. However, of the dimensions tested, autonomy is insignificant, while innovativeness, proactiveness and risk-taking are significant. The study recommends that entrepreneurial development initiative that aims at building the EO dimensions of small enterprises should focus on innovativeness, proactiveness and risk-taking, rather than autonomy.
The Infrastructure sector has been the key driver for the Indian economy. The sector is critically important for sustaining the momentum of the economic growth, and the Government has undertaken policy interventions and initiatives to boost the sector.
Foreign Direct Investment (FDI) received in the construction sector (including townships, housing and built-up infrastructure) from April 2000 to March 2017 is estimated at USD 24.3 billion.
CII, over the years, has been working very closely with stakeholders across the infrastructure verticals to stimulate greater private sector investment. This edition of the Policy Watch focuses on the infrastructure sector.
Determinants of Capital Structure in Indonesian Banking Sector inventionjournals
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Sales related activities in defines geographical area for the purpose of iden...UPMANYU TIWARI
This document summarizes two open job positions - one for a sales role and one for a credit appraiser role. The sales role involves identifying potential buyers, developing relationships, participating in events, achieving sales targets, and maintaining customer satisfaction. It pays a fixed salary of Rs. 3.5 lacs plus incentives. The credit appraiser role involves scrutinizing loan documents, preparing appraisal notes, interacting with customers, and ensuring compliance. It pays a fixed salary of Rs. 3.5 lacs plus bonuses. Both roles require strong communication, relationship building, and computer skills.
Aditya Puri, the CMD of HDFC Bank, is concerned about the bank's performance as targets have been questioned due to market volatility. He reflects on HDFC Bank's growth over the years under his leadership to become one of the top banks in India. The document then provides context about economic reforms in India since 1991 that created challenges for industry. It summarizes reforms in the financial sector, privatization, and social sector development.
Financial literacy for Mutual Fund Investment: An extensive study on investor...AI Publications
Peoples are always intending to invest their savings for several security purposes, but the crucial matter of concern is that where they are investing. Thinking of such investment options, capital market is a superior alternative all the time. Panic due to lack of financial knowledge about that market acts as crucial parameter in becoming the people’s choice of investment. After went over a myriad of investment choices, mutual fund would be a secure platform to invest. The main purpose of this study is to get an overview about the financial literacy level of Bangladeshi investors who invest in mutual fund and trying to assess the implication of financial literacy on investment intension. Data were collected with the help of online survey method from primary sources on the basis of a well-structured questionnaire where convenient sampling is applicable due to focus on mutual fund investors. Respondents’ financial knowledge level is evaluated by asking eleven specific questions on varied financial concepts following the G20 survey of OECD and investment intention is measured by Ajzen’s conceptual and methodological framework. Based on the descriptive statistics, Correlation is used to analyze the collected primary data. Some significant findings are uncovered like Bangladeshi investors belong to low literacy level. Study also indicates a negligible inverse relationship between financial literacy level and investment intention of investors which in turn stimulate existing investors to recommend others to invest in mutual fund due to low literacy level. So it is profound that low literate investors can be a vital key to promote mutual fund and enrich financial market of Bangladesh.
Kraken is one of the largest cryptocurrency exchanges, allowing trading of major cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more. It offers spot trading with low fees and also offers leveraged trading for some cryptocurrencies at leverage ratios between 1:2 to 1:5. While not offering as high leverage as forex brokers, Kraken provides a secure and well-established platform for trading various cryptocurrencies.
This document summarizes a study that examines factors affecting the business sustainability of start-ups in Korea that receive government support. It analyzes how entrepreneurship, market orientation, and network impact business sustainability, with flow experience and entrepreneurial satisfaction acting as mediators. The study surveyed 273 Korean start-ups and found that entrepreneurship impacted sustainability through the mediators of flow experience and satisfaction. Market orientation impacted sustainability through flow experience, and network impacted it through satisfaction. The document provides context on government support for start-ups globally and in Korea, and discusses the importance of entrepreneurship, market orientation, and network for start-up success and sustainability.
This document summarizes a study that examines factors affecting the business sustainability of start-ups in Korea that receive government support. It conducted a survey of 273 Korean start-ups and analyzed whether entrepreneurship, market orientation, and network affected business sustainability, with flow experience and entrepreneurial satisfaction acting as mediators. The results found that entrepreneurship affected sustainability through the mediators of flow experience and satisfaction. Market orientation affected sustainability through flow experience, and network affected it through satisfaction. The study aims to provide implications for developing strategic support to increase the effectiveness of government programs in promoting long-term start-up survival and growth.
Valuation of Startups [with limitation of traditional valuation approach] Nitin Pahilwani
Valuation of Startups [with limitation of traditional valuation approach]
1. Introduction…
2. Factors affecting Start-up Valuation…
3. Limitation of Traditional Valuation Method…
4. Start-up Valuation Method…
a. Venture Capital Method…
b. Berkus Method…
c. Scorecard Method…
d. Risk Factor Simulation Method…
e. First Chicago Method…
5. Closing the Valuation Gap…
Valuation of Startups [with limitation of traditional valuation approach] N Pahilwani & Associates
Valuation of Startups [with limitation of traditional valuation approach]
1. Introduction…
2. Factors affecting Start-up Valuation…
3. Limitation of Traditional Valuation Method…
4. Start-up Valuation Method…
a. Venture Capital Method…
b. Berkus Method…
c. Scorecard Method…
d. Risk Factor Simulation Method…
e. First Chicago Method…
5. Closing the Valuation Gap…
1) The document examines the influence of external bailouts on macroeconomic stability in Ghana from 2008 to 2021 using time series data and vector error correction modeling.
2) It finds that while external bailouts have no short-term impact, there is a long-term causal relationship between bailouts and macroeconomic stability as well as with foreign direct investment, GDP, and imports.
3) To improve stability, the authors recommend that Ghana reduce reliance on external bailouts, increase foreign reserves, and expand agriculture and industrialization.
- The document discusses a study on increasing brand awareness of Oranger Mobile, which is a courier service partner of PT Pos Indonesia responsible for pickups, deliveries, and direct sales.
- Brand awareness of Oranger is currently low, as the number of Oranger drivers did not meet targets in 2021 and most respondents in a survey were not familiar with the Oranger brand.
- The study uses a mixed-methods approach, collecting both qualitative data to measure brand awareness and quantitative data to analyze factors influencing awareness. The results show advertising, publicity, sponsorship, and word-of-mouth can increase Oranger's brand awareness.
The document summarizes a study on optimizing the stock portfolio of PT XYZ, a state-owned pension fund company in Indonesia. In 2021, PT XYZ's actual stock portfolio performed poorly, with a return of 0.56% and Sharpe ratio of 2.39%, below targets. Using the Markowitz portfolio model and 5 years of stock price data, the study optimized the 2021 portfolio. The optimized portfolio increased the Sharpe ratio to 21.67% and return to 1.62%, outperforming the actual portfolio. An efficient frontier analysis identified multiple portfolio options with different risk-return profiles. The results recommend PT XYZ use the Markowitz method to improve future portfolio performance and evaluation.
The document analyzes the financial performance of 20 health sector companies in Indonesia from 2018-2021 using various financial ratios and DuPont analysis. It finds that hospital companies generally benefited during the pandemic due to increased patient numbers, while pharmaceutical companies saw mixed results depending on retail and distribution impacts. Specifically, the analysis found that one hospital, Metro Healthcare Indonesia, had the highest average return on equity of 0.26 over the period. Other key findings are also presented regarding factors influencing financial performance changes before and during the COVID-19 pandemic.
This document discusses a proposed marketing strategy for Hirka, a shoe company that makes shoes from chicken claw skin. Hirka currently markets its products through social media, e-commerce, and word of mouth. However, brand awareness and sales are still low due to a lack of marketing and advertising. The products are also currently only available for men. The study aims to identify the target market and appropriate marketing strategy to increase Hirka's brand awareness and purchase intention. A survey was conducted of 206 respondents to assess their brand recognition of and purchase intention toward Hirka's products. The results showed most respondents were unaware of the Hirka brand and had low purchase intention. Various analyses were used to develop marketing strategies,
1) The document proposes a marketing strategy to enhance customer loyalty for RAM Water, a water processor product experiencing declining sales.
2) It reviews literature on customer loyalty and satisfaction and how the marketing mix (7Ps) can impact satisfaction.
3) An analysis was conducted using SEM-PLS to evaluate the relationships between the 7Ps, customer satisfaction, and loyalty using data from 153 RAM Water users. The results showed the 7Ps significantly impacted satisfaction which significantly impacted loyalty.
This document proposes an integrated luggage storage and transportation scheme. It analyzes the current luggage storage market and compares traditional and new "Internet +" models. The proposed scheme designs functional modules like storage, transportation, tourism services and insurance. It provides solutions for different business scenarios like short/long term storage, inter-station delivery, and tourism services. The goal is to improve resource utilization and provide convenient luggage services for travelers.
- The Ecobiz.id platform was created to help farmers in Indonesia by facilitating knowledge sharing and connecting farmers to buyers. However, the platform still lacks interactivity and network effects due to poor existing content that does not meet user needs.
- This study examines how to motivate stakeholders, especially potential content creators, to actively participate and create valuable, interesting, and relevant content for users. Improving the quality and variety of content is expected to increase interactivity on the platform and provide value to users.
- Interviews and observations of stakeholders and users were conducted to understand their perspectives on existing content and how content could motivate involvement and interaction on the platform. The results will help improve content marketing strategies to better engage users.
This document analyzes strategies to increase brand awareness and intention to use PosAja, an application-based delivery service owned by PT Pos Indonesia. It conducts external and internal analyses, as well as surveys consumers to measure brand awareness and factors influencing intention to use. The survey finds low brand recognition of PosAja. Quantitative analysis shows brand logo and advertisements significantly impact brand awareness, while brand name and promotions do not. Further analysis is needed to identify strategies to improve awareness and drive more customers to use PosAja.
This document summarizes a research study that examined the effect of budgetary participation and internal control on managerial performance, with job relevant information as a moderating variable. The study was conducted at three type C regional general hospitals in Jambi Province, Indonesia that had intermediate accreditation levels. The results showed that budgetary participation and internal control positively affected managerial performance. Job relevant information was found to moderate the relationship between internal control and managerial performance, but did not moderate the relationship between budgetary participation and managerial performance. The document provides background information on the hospitals studied, discusses relevant theories, and outlines the research questions and objectives.
This document analyzes and compares environmentally friendly cryptocurrencies with the highest trading classical cryptocurrencies from July 2019 to April 2022. It finds a statistically significant correlation between the values of eco-friendly and classical cryptocurrencies, suggesting investors apply similar investment approaches to both. It also concludes the demand for eco-friendly cryptocurrencies is increasing as the world moves toward sustainability. The study uses daily closing price data from various sources to analyze 7 eco-friendly and 7 highest value classical cryptocurrencies over 34 months. Descriptive statistics of the data are presented in a table.
This document summarizes the evolution and enlightenment of global financial regulatory systems based on a comparative analysis of systems in the UK, US, and China. It finds that financial regulatory systems generally evolve from mixed/centralized models to separated/institutional models to more integrated approaches. The UK and US systems demonstrate a progression from separation to unification to twin peaks models. China's system has transitioned from the central bank as sole regulator to separated then integrated regulation. Key lessons for China include understanding the role of regulation in promoting development while preventing risks, and adapting international best practices to its national context.
This study analyzed the impact of e-service quality (e-servqual) on customer satisfaction and loyalty at Bank Negara Indonesia (BNI). A survey was conducted with 274 BNI customers who use the mobile banking app. The results of structural equation modeling showed that e-servqual has a significant positive effect on both customer satisfaction and loyalty. Customer satisfaction also has a significant positive effect on loyalty. The study concludes that improving e-servqual can increase customer satisfaction and loyalty for BNI, which is important for the bank's future success.
The document discusses intellectual effort and references. It notes that the brain is just a gateway to the mind, and the mind needs to maintain the brain to concentrate on useful thoughts. It also argues that those who do evil will not get an afterlife, and animals cannot attain infinite spiritual energy or an afterlife. The document concludes that solving problems requires analyzing causes, and that politics and total quality management will become more connected over time. Reform requires having a theory and being a bit of a philosopher.
- Evergrande Group, one of China's largest real estate developers, fell into a major debt crisis with total liabilities reaching 1.97 trillion yuan.
- The crisis was caused by deteriorating cash flow, an overreliance on high-leverage financing, and aggressive diversification into unrelated industries.
- Potential countermeasures discussed include restructuring debt through negotiations, asset sales, and government support to stabilize the real estate market and prevent wider economic impact.
- The document discusses strategies for increasing brand awareness and intention to use Pospay, a digital wallet launched by PT Pos Indonesia.
- Currently, 98.5% of Pospay users are PT Pos Indonesia employees, showing low brand awareness and usage outside the company.
- The study analyzes factors influencing brand awareness and usage intention through a literature review, value proposition canvas analysis, and survey data.
- Results show Pospay can create discounts/cashback and develop new features like inter-wallet transfers to boost awareness and intention to use.
The document proposes an integrated marketing communication strategy for KOST.ON3 Residence through benchmarking against competitors. It analyzes KOST.ON3 Residence's external environment and internal capabilities. The proposed strategy focuses on strengthening advertising using third-party platforms to improve brand awareness and reputation based on insights from an integrated marketing communication analysis and customer journey analysis. Using third-party platforms can help KOST.ON3 Residence expand its customer base by developing greater trust in its brand.
This document proposes marketing strategies to improve the performance of Wifi.id Corner, an internet access service provided by PT Telkom Indonesia. It analyzes Wifi.id Corner's external environment using PESTEL, Porter's Five Forces, and competitor and consumer analyses. An internal analysis uses STP and the 7Ps. SWOT and TOWS matrix analyses identify strengths, weaknesses, opportunities, and threats. Based on these, three strategies are proposed: using social media effectively, collaborating with the government and SMEs, and improving Wifi.id Corner's ambience. The goal is to enhance sales by creating purchase intention among consumers.
Datang International is a major Chinese power company that discloses carbon information in its social responsibility reports. The summary analyzes:
1) Datang International's carbon disclosure includes monetary information like environmental fees and subsidies, and non-monetary strategies, measures, and goals.
2) Disclosed strategies commit to green development and increasing clean energy, but some details are lacking.
3) Carbon reduction measures focus on upgrading generator units, developing clean energy, and conserving resources. However, some financial data is not reported.
This document summarizes a research article about the effect of social media marketing and quality of human resources on business development of MSMEs in Maros Regency, Indonesia. The article provides background on the importance of MSMEs to the Indonesian economy. It then reviews literature on topics like the definition of MSMEs, quality of human resources, use of social media marketing, and benefits of social media. The research aims to analyze the effect of social media marketing and quality of human resources on business development of MSMEs in Maros Regency using a quantitative survey method.
𝐔𝐧𝐯𝐞𝐢𝐥 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐄𝐧𝐞𝐫𝐠𝐲 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐰𝐢𝐭𝐡 𝐍𝐄𝐖𝐍𝐓𝐈𝐃𝐄’𝐬 𝐋𝐚𝐭𝐞𝐬𝐭 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬
Explore the details in our newly released product manual, which showcases NEWNTIDE's advanced heat pump technologies. Delve into our energy-efficient and eco-friendly solutions tailored for diverse global markets.
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...my Pandit
Explore the fascinating world of the Gemini Zodiac Sign. Discover the unique personality traits, key dates, and horoscope insights of Gemini individuals. Learn how their sociable, communicative nature and boundless curiosity make them the dynamic explorers of the zodiac. Dive into the duality of the Gemini sign and understand their intellectual and adventurous spirit.
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...BBPMedia1
Nathalie zal delen hoe DEI en ESG een fundamentele rol kunnen spelen in je merkstrategie en je de juiste aansluiting kan creëren met je doelgroep. Door middel van voorbeelden en simpele handvatten toont ze hoe dit in jouw organisatie toegepast kan worden.
Best Competitive Marble Pricing in Dubai - ☎ 9928909666Stone Art Hub
Stone Art Hub offers the best competitive Marble Pricing in Dubai, ensuring affordability without compromising quality. With a wide range of exquisite marble options to choose from, you can enhance your spaces with elegance and sophistication. For inquiries or orders, contact us at ☎ 9928909666. Experience luxury at unbeatable prices.
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
During the budget session of 2024-25, the finance minister, Nirmala Sitharaman, introduced the “solar Rooftop scheme,” also known as “PM Surya Ghar Muft Bijli Yojana.” It is a subsidy offered to those who wish to put up solar panels in their homes using domestic power systems. Additionally, adopting photovoltaic technology at home allows you to lower your monthly electricity expenses. Today in this blog we will talk all about what is the PM Surya Ghar Muft Bijli Yojana. How does it work? Who is eligible for this yojana and all the other things related to this scheme?
The Genesis of BriansClub.cm Famous Dark WEb PlatformSabaaSudozai
BriansClub.cm, a famous platform on the dark web, has become one of the most infamous carding marketplaces, specializing in the sale of stolen credit card data.
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
SATTA MATKA SATTA FAST RESULT KALYAN TOP MATKA RESULT KALYAN SATTA MATKA FAST RESULT MILAN RATAN RAJDHANI MAIN BAZAR MATKA FAST TIPS RESULT MATKA CHART JODI CHART PANEL CHART FREE FIX GAME SATTAMATKA ! MATKA MOBI SATTA 143 spboss.in TOP NO1 RESULT FULL RATE MATKA ONLINE GAME PLAY BY APP SPBOSS
The Steadfast and Reliable Bull: Taurus Zodiac Signmy Pandit
Explore the steadfast and reliable nature of the Taurus Zodiac Sign. Discover the personality traits, key dates, and horoscope insights that define the determined and practical Taurus, and learn how their grounded nature makes them the anchor of the zodiac.
1. American International Journal of Business Management (AIJBM)
ISSN- 2379-106X, www.aijbm.com Volume 5, Issue 01 (January-2022), PP 101-109
*Corresponding Author: Calvin Steven Ray 1
www.aijbm.com 101 | Page
BUSINESS DEVELOPMENT STRATEGY, TOWARDS
DIVERSIFICATION, ACQUISITION, AND SMART
FINANCING (CASE STUDY: PT BERINGIN
INTERNATIONAL, BANDUNG WEST JAVA INDONESIA)
*
Calvin Steven Ray, and Uke Marius Siahaan
Master of Business Administration Program, School of Business and Management, InstitutTeknologi Bandung,
Indonesia
*Corresponding Author: Calvin Steven Ray
ABSTRACT : In this research, a study was conducted on the business development strategy of PT
BeringinTrijayaInternasional (BTI) for a real estate business plan in the Walini area, West Bandung Regency,
West Java Province. Based on the analysis of the business situation, the type of business development strategy
that is suitable for PT BTI is Diversification through acquisitions and the Merger of PT SS which is engaged in
spatial and visual works. The total investment required for financing a real estate project is estimated at IDR
Rp151,665,661,468.75. To realize PT BTI's plan, a financial feasibility study was conducted using the US Index
theory. There are 4 alternative financing proposals that can be used in this project, namely internal funds, angel
investors, loans from banks and combination. Based on the comparison shows alternative 4 (Combination) more
benefits. This alternative gives an NPV of Rp 223,554,624,355.98, Profitability Index (PI) of 4968%, Internal
Rate of Return (IRR) of 543.61%, Payback Period (PP) of 7 months 6 days year. This is also evidenced by the
results of the US Index above 1 with a result of 199.60, this means the company needs to leverage to finance
expansion projects.
KEYWORDS -Business Development Strategy, Diversification, Acquisitions, Merger, Financial Feasibility
I. INTRODUCTION
Real estate is a business sector that has a trend of positive economic performance value growth every
year. Data given by the Indonesian statistical center quoted from the Bisnis.com page stated that the real
business throughout 2021 had a positive growth of 0.94 percent. This business sector was able to survive and
show a positive trend when other business fields experienced a decline during the Covid 19
pandemic(Febriyanto, 2018; Zemlyanskiy, 2021). With the current direction of government policy which
focuses on infrastructure development such as roads, transportation and communications, property and real
estate companies are developing.
In terms of banking, Bank Indonesia (BI) sees the property sector will grow better in 2021 compared to
the previous year. The policy of reducing interest rates on housing loans or mortgages is one of the triggers to
create demand in the property sector (Febriyanto, 2018; Firman et al., 2020; Mohammad Hamim, 2019).
Moreover, the country has a young population with around 50% of the population under the age of 30, implying
that many Indonesians are predicted to buy their first property in the near to medium term(Gursida&Indrayono,
2019).
This real estate business opportunity is not only used by companies in the same field, many companies
from other sectors are playing in this area of primary needs. One of these companies is PT
BeringinTrijayaInternasional, hereinafter referred to as PT BTI. PT BTI is a company engaged in the trading
sector or also known as a general importer of computer machines, lamps, cameras and several other types of
products. PT BTI sees a great opportunity in the real estate business in the Walini area, West Bandung Regency,
West Java Province. Walini is one of five areas where the Jakarta – Bandung high-speed train station will be
built. Walini is projected as an international business center with environmentally friendly residential
development.
One form of business expansion that is appropriate for PT BTI is business diversification. The
diversification method itself is commonly used by a company to increase the number of sales with new product
systems and new markets. There are several business diversification strategies that are developing in the
business world, including entering new businesses, internal development, joint ventures, and acquisitions. The
diversification strategy by way of direct entry and internal development has a large enough risk and requires
quite a long time. Companies will be faced with various obstacles such as difficulty in establishing relationships
with suppliers, advertising costs, large promotions, and so on. A joint venture, also known as co-ownership, is a
2. BUSINESS DEVELOPMENT STRATEGY, TOWARDS DIVERSIFICATION, ACQUISITION…
*Corresponding Author: Calvin Steven Ray 1
www.aijbm.com 102 | Page
strategy developed by cooperating with other companies and becoming a company in order to achieve a
concentration of economic power regardless of the size of the capital (Holzmayer & Schmidt, 2020; Janavi et
al., 2020; Yu & Kim, 2020). Because it is cooperative, the partner factor is the key to success in running a
business. Failure to cooperate with partners will be a risk that must be borne by a company. Acquisition is a type
of strategy that is often used in business diversification.
Acquisition can be defined as a business combination in which one of the companies, namely the
acquirer, gains control over the net assets and operations of the acquired company (acquiree), by giving certain
assets, recognizing an obligation, or issuing shares (Kishwar & Ullah, 2019; Rebner & Yeganeh, 2019;
Soundarya et al., 2019). This strategy is better than the joint venture in terms of control. This means that if there
is a dispute between the acquirer and the acquiree, the acquirer is more entitled to determine the policy.
Acquisition Strategy is a business diversification strategy that is suitable to be applied to PT BTI in its business
expansion. In this research, a study and development of a business diversification strategy using the Acquisition
method by PT BTI was carried out for business expansion to be carried out in the real estate sector. In addition,
financial analysis was also carried out as the basis for developing smart finance in PT BTI's real estate
investment. There are many goals that can be achieved through this research, including: Study and analyze the
business diversification strategy that will be carried out by PT BTI for real estate projects, Calculating project
feasibility and financial analysis as a reference for further company decision making and find creative funds
raising strategies for real estate projects by companies.
II. HEADINGS
Conceptual framework is a tool made to illustrate a research project’s purpose by the relevant
variables. A hypothetical structure shows key segments of how they relate to each other.
Figure 1. Conceptual framework
PT BTI, which was previously a trading company, will expand its business into the property sector,
especially real estate. For this reason, PT BTI analyzes the business situation internally using the SWOT method
and the canvas business model and externally using PEST and Porter's Five Force analysis. From this analysis,
PT BTI is recommended to diversify the corporate stage through acquisitions and mergers.
As explained in the background section, PT BTI is a company engaged in trading, but is interested in
developing a business in the property sector. Several analyzes of PT BTI's needs in business development
include:
• The field of business development is not related to the main type of business
• PT BTI does not have the capability to develop a new business
• PT BTI wants to accelerate the business development process
• PT BTI still wants to have great control over the company, both on shares and overall assets
3. BUSINESS DEVELOPMENT STRATEGY, TOWARDS DIVERSIFICATION, ACQUISITION…
*Corresponding Author: Calvin Steven Ray 1
www.aijbm.com 103 | Page
To accommodate the needs of PT BTI, an appropriate and efficient strategy is needed. The right
strategy for PT BTI is a diversification strategy through acquisitions and mergers.
In addition to the business strategy proposed to PT BTI as above, this study also reviews the funding
strategy that must be prepared before starting this project in the property sector. For this reason, financial
analysis is also carried out using the US index theory (Aloina et al., 2019; Giovani&Siahaan, 2013; Herman
Ibrahim et al., 2019; Siahaan et al., 2014). The US Index Theory was introduced by Dr. Ir. Uke Marius Siahaan,
MBA as a tool and the financial parameters for assessing repayment capacity of a company, as well as a
determinant to decide whether a business entity should maximize use of Debt or Equity in running the operation
(Dr. Ir. Uke Marius Siahaan, 2019).
The US Index could determine a company’s ability to meet its obligation by comparing its Business
Generic Profitability (BGP) to the Loan Interest Rates (I) which can be formulated as follows:
𝑼𝑺𝑰𝒏𝒅𝒆𝒙 = 𝑩𝒖𝒔𝒊𝒏𝒆𝒔𝒔𝑮𝒆𝒏𝒆𝒓𝒊𝒄𝑷𝒓𝒐𝒇𝒊𝒕𝒂𝒃𝒊𝒍𝒊𝒕𝒚 ÷ 𝑳𝒐𝒂𝒏𝑰𝒏𝒕𝒆𝒓𝒆𝒔𝒕𝑹𝒂𝒕𝒆
Generic Business Profitability (BGP) is the result of profit margin of a company which derives from its
business activities were financed by its capital either in from of debt/ loan or equity. The formula is formulated
as follows:
𝑩𝑮𝑷 = (𝑬𝒂𝒓𝒏𝒊𝒏𝒈𝒔𝒃𝒆𝒇𝒐𝒓𝒆𝑰𝒏𝒕𝒆𝒓𝒆𝒔𝒕𝒂𝒏𝒅𝑻𝒂𝒙𝒆𝒔 ÷ 𝑻𝒐𝒕𝒂𝒍𝑨𝒔𝒔𝒆𝒕𝒔) ∗𝟏𝟎𝟎%
The concept started with the needs of capital expenditure in ordering to generate operational profit. If
the capital source comes from debt then company will have obligation to bank to pay interest expense as the
payment on the agreement. The loans itself could generate Business Generic Profit (BGP) a minimum of Loan
Interest Rate (I) so the company could meet to cover its loan interest obligation to the bank. The conceptual of
US Index framework can be seen on below figure.
In order to maximize its operating profit, the company should take the optimal decision on its capital
structure whether financed by equity or debt. As the result, the financing decision should generate greater profit
than the operating cost and financial cost which is called leverage. According to the result of US Index values,
the signs can be defined as follows:
1. US Index > 1 company should go leverage
2. US Index < 1 company should go equity
3. US Index = 1 company is free to choose either go leverage or go equity.
III. METHODS
Systematically, the solution business carried out by PT BTI for the planned real estate project can be
seen as shown below:
Figure 3.1 PT BTI's business solutions
4. BUSINESS DEVELOPMENT STRATEGY, TOWARDS DIVERSIFICATION, ACQUISITION…
*Corresponding Author: Calvin Steven Ray 1
www.aijbm.com 104 | Page
• Stage 1. PT BTI Purchased land. In this section, all of the funding sources come from internal capital
owned by PT BTI. The planned area of this project is approximately 20 hectares. The purchase of this
land was carried out in 2 stages, namely a 10% down payment (DP) and a 90% payment after PT BTI
received funds from investors. Based on the Decree of the State Minister of Agrarian Affairs/Head of
BPN No. 21 of 1994 concerning Procedures for Land Acquisition for Companies in the Context of
Investment, to acquire land for the purposes of the company can be done in two ways, namely through
the transfer of rights and relinquishment of rights. These two methods can only be done after the
company has obtained a location permit from the regent or mayor. The transfer of rights to the
company can be carried out if the land to be transferred has been certified as "land rights". The transfer
of rights can also be carried out if the land rights to be transferred are of the same type as the land
rights required by the company to run its business.
• Stage 2, PT BTI made the acquisition and merger of PT SS. PT SS is a company engaged in the field of
spatial and visual. There are two factors that become the focus of the acquisition and merger carried out
by PT BTI, namely the first, the Company wants fast growth, both in size, stock market, and business
diversification, it can carry out mergers and acquisitions. The company does not have the risk of new
products. In addition, if it expands through mergers and acquisitions, the company can reduce
competitors or reduce competition. second, improving the company's skills and technology in the
property sector, especially real estate.
• Stage 3, PT SS, which has been under PT BTI, makes design and analysis of real estate projects. The
land planning includes the design of the master plan or site plan and landscape, unit design, area
design, mechanical and electrical design of units and areas, project gate design, open space design in
the form of playgrounds, sports fields and other social facilities. The point in this activity is to design
the entire project including the project's Budget Plan.
• Stage 4, PT BTI is looking for investors. To pay off 90% of land purchases, PT BTI is looking for
investors who can temporarily fund it. The profit obtained by investors in this project is the return on
capital plus the share ownership of 10%. Investors like this are usually called angel investors. angel
investors usually come from family members and business partners of PT BTI. One of the advantages
that you will get is that you don't have to worry about returning your money when you experience a
loss. They have researched and analyzed well for companies with great long-term potential. That way,
becoming a lender is their decision so that if there is a risk they must bear it.
• Stage 5, PT BTI applies for a loan to the bank based on the project analysis that has been made
previously. To obtain the planned loan, PT BTI must meet the project loan criteria set by the Bank such
as legality of the company and land ownership, sound financial data and other complete documents. In
addition, to make banks more interested, PT BTI will develop the company in terms of human
resources, offices and other equipment.
• Stage 6, PT BTI has obtained a loan from a bank for a real estate project to be implemented. Part of this
loan is used to pay off capital from investors.
• Stage 7, real estate development and marketing programs are carried out by PT BTI using loan data
from banks. Real estate development is carried out in several stages which will be explained later.
• Stage 8 PT BTI has found a potential buyer who can then pay off the interest costs. PT BTI made a sale
where the proceeds were used to pay installments to the bank and increase the company's financial
strength.
Like real estate in general, the project will be divided into several stages to streamline business
operations and finances. Figure 3 shows the stages of the project to be carried out along with the main
operational activities of each stage.
5. BUSINESS DEVELOPMENT STRATEGY, TOWARDS DIVERSIFICATION, ACQUISITION…
*Corresponding Author: Calvin Steven Ray 1
www.aijbm.com 105 | Page
Figure 3 Project Stage
IV. RESULTS AND DISCUSSION
Project cost
Project Cost is the total funds needed to complete the project or work that consists of a Direct Cost and
Indirect Cost. The Project Costs are any expenditures made or estimated to be made, or monetary obligations
incurred or estimated to be incurred to complete the project which are listed in a project baseline.
Stage Project Cost
Stage 1 of the development of this real estate project, it consists of the acquisition of PT SS and
operational planning for 1 year, purchase of land with a 10% down payment, land preparation, project design
and planning, making house layouts, marketing and licensing processes. Details of costs in stage 1 can be seen
in table 1.
Table 1. Stage I of Project Cost
No Description Price (Rp) Amount Total (Rp)
1 Acquisition of PT SS 200,000,000 1 200,000,000
2 1 year operating Expenses 300,000,000 1 300,000,000
3 Land (Dp 10%) 200,000 200000 4,000,000,000
4 Land maturation 18,000 200000 360,000,000
5 Development planning 1,452,440,000 1 1,452,440,000
6 House construction type 100/150 500,000,000 1 500,000,000
7 House construction type 80/100 400,000,000 1 400,000,000
8 Marketing 128,872,000 1 128,872,000
9 Legal 128,872,000 1 128,872,000
Total 7,470,184,000
Stage II
In this second stage, physical development will begin, including the construction of houses,
infrastructure and social facilities. Construction in the second phase accounts for 11% of all development
projects.
6. BUSINESS DEVELOPMENT STRATEGY, TOWARDS DIVERSIFICATION, ACQUISITION…
*Corresponding Author: Calvin Steven Ray 1
www.aijbm.com 106 | Page
Table 2 Stage II of Project Cost
No Description Price (Rp) Amount Total (Rp)
1 House construction type 100/150 27,843,750,000 1 27,843,750,000
2 House construction type 80/100 27,472,500,000 1 27,472,500,000
3 Road infrastructure 7,973,900,000 1 7,973,900,000
4 Paving and Drainage Road 797,390,000 1 797,390,000
5 Infrastructure 904,688,125 1 904,688,125
6 Social Facilities 1,802,500,000 1 1,802,500,000
Total 66,794,728,125
Stage III
Stage 3 construction is a continuation of the physical development phase by 22% of the total.
Table 3 Stage III of Project Cost
No Description Price (Rp) Amount Total (Rp)
1 House construction type 100/150 73,406,250,000 1 73,406,250,000
2 House construction type 80/100 72,427,500,000 1 72,427,500,000
3 Paving and Drainage Road 1,754,258,000 1 6,124,800,000
4 Infrastructure 1,893,513,875 1 6,354,847,500
Total 158,313,397,500
Stage IV
Stage 4 development is project development with a total percentage of 45%. This stage is the largest stage of
development compared to other stages.
Table 4 Stage IV of Project Cost
No Description Price (Rp) Amount Total (Rp)
1 House construction type 100/150 137,826,562,500 1 137,826,562,500
2 House construction type 80/100 135,988,875,000 1 135,988,875,000
3 Paving and Drainage Road 3,947,080,500 1 3,947,080,500
4 Infrastructure 4,260,406,219 1 4,260,406,219
Total 282,022,924,219
Stage V
The fifth stage is the last stage of the entire project with a total percentage of 22%.
Table 3.7 Stage V of Project Cost
No Description Price (Rp) Amount Total (Rp)
1 House construction type 100/150 74,120,062,500 1 74,120,062,500
2 House construction type 80/100 73,131,795,000 1 73,131,795,000
3 Paving and Drainage Road 2,122,652,180 1 2,122,652,180
4 Infrastructure 2,291,151,789 1 2,291,151,789
Total 151,665,661,469
Operating Expenditure
Operating expenditure explains about the Cost of Goods Sold (COGS) and Operating Expenses (OPEX)
that served as the base assumption to forecast the project. The difference between COGS and OPEX is COGS
are expenses that directly related to the production of finished goods, while OPEX are expenses that indirectly
related to the production process.
a. Cost of Goods Sold (COGS)
Cost of Goods Sold is a measurement on the direct costs spent on manufacturing products that purchased by
customers during the period. On this project, the Cost of Goods Sold is limited to direct material and direct
employee costs.
7. BUSINESS DEVELOPMENT STRATEGY, TOWARDS DIVERSIFICATION, ACQUISITION…
*Corresponding Author: Calvin Steven Ray 1
www.aijbm.com 107 | Page
No Description Details Large
Price
(Rp
million)
Amount
(Rp
million)
Amount/
Unit
(Rp
million)
Number
of
Buildings
Total
(million
Rp)
1
House
Construction
Type 100/150
Land 150 0.286 85,800
1,360.8 225 306,180
Building 100 5 1,275,000
2
House
Construction
Type 80/100
Land 100 0.286 57,200
807.2 333 268,797.6
Building 80 5 750,000
Total 574,977.6
b. Operating Expenses (OPEX)
Operating Expenses is indirect costs that affected the production of finished goods. For this project, the
operating expenses are general & administrative expense, business development expense, and marketing
expense
Financing Strategy Analysis
Based on business analysis in previous section, originally the company is trying to pursue angel
investment or making its own internal financing. Business Angel, in most cases, prefer to invest on well-known
industry so they able to measure industry trend and valuation. The other alternatives which is internal financing,
the company retained earnings couldn’t manage to finance the investment itself, equity and debt financing will
be assessed in this section. The most profitable alternative will be selected with consideration of company’s
business outlook and financial condition.
In this research, author will examine some financing alternatives the company can use in ordering to grow
the business. The financing strategy alternatives that can be explain more is internal financing, angel financing,
and debt financing. In addition, US Index analysis of the company for 10 years projected income statement will
be conducted first as determinant to decide company’s capital structure. The calculation of US Index can be
seen as follows:
• Alternative 1: Internal Financing
The first financing strategy is internal financing. Internal financing is a fund that is initiated by the firm in
its regular course of performance such as retained earnings.
• Alternative 2: Angel Investor
An angel investor (also known as a business angel, informal investor, angel funder, private investor, or seed
investor) is an individual who provides capital for a business start-up, usually in exchange for convertible debt
or ownership equity. Angel investors usually give support to start-ups at the initial moments (where risks of the
start-ups failing are relatively high) and when most investors are not prepared to back them. Angels, in most
cases, provide capital for start-up or early stages businesses and lack operational plans. Business angels typically
invest within a period of 3-7 years before exiting the investment or the firm’s failing.
• Alternative 3: Debt Financing
Financing strategy is debt financing using bank loan. Bank will provide the agreed amount of money with
specific interest rates and receive the loan principal over a period of time. This alternative is trying to calculate
with composition bank loan and equity.
• Alternative 4: Combination
This combination method is a business or project financing method sourced from internal funding,
investors and loans from the Bank which is applied in combination in order to obtain alternative funding that is
more effective and practical. This method was proposed by Calvin in 2021.
This section will give insight for the 4th financing alternatives done in previous section. The three
alternatives examine with capital structure techniques and Free Cash Flow to the Firm (FCFF) analysis. Overall,
all of the alternatives are feasible for financing the expansion project within 10 years period. Although internal
financing is not applicable due to current shareholder condition, it will be used as baseline for other alternatives
with US Index result > 1 to justify the use of debt to finance expansion project.
Description
Internal
Financing
Angel Investing Debt Financing
Calvin Style
Financing
WACC 3% 27% 15% 3%
Pay Back Period 2 Years 326 days 2 Years 1 months 2 1 year 7 months 6 days
8. BUSINESS DEVELOPMENT STRATEGY, TOWARDS DIVERSIFICATION, ACQUISITION…
*Corresponding Author: Calvin Steven Ray 1
www.aijbm.com 108 | Page
days
Total PV FCF
34,509,595,011.6
9
61,664,457,755.49
62,593,372,465.3
3
228,054,624,355.98
Net Present Value
30,009,595,011.6
9
57,164,457,755.49
58,093,372,465.3
3
223,554,624,355.98
Total Fair Market
Value
27,595,097,643.9
8
61,664,457,755.49
357,695,727,450.
26
119,561,303,884.85
ROI 360% 306% 415% 1336%
ROE 351% 191% 367% 1043%
Internal Rate of
Return
84% 138% 136% 544%
US Index 40.01% 22.22% 23.07% 199.60%
Profitability Index 767% 1370% 1391% 4968%
IRR 83.83% 137.87% 135.95% 543.61%
Based on the comparation above, it is shows alternative 4 (Combination) generating more benefits.
Along with the high exposure of debt, of US Index calculation for Alternatives 4 gives the result of 199.60 or
more than 1 which means the selected financing alternatives has good ability to cover debt repayment.
Moreover, the options come along with the risk will be faced by the company
V. CONCLUSION
Based on business issues exploration and financial studies that have been carried out in this research
for PT BTI's business development plan in a real estate project in the Walini area, Bandung Regency, West
Java, the conclusions are as follows: The right business development strategy carried out by PT BTI in real
estate projects is diversification by acquiring and merging PT SS. Some of the benefits felt by PT BTI with this
strategy include: Have the ability in the field of property, especially real estate which can assist in project
planning and analysis, Can save project planning costs of IDR 1,452,902.00 and Have full control in project
handling, both in making operational, financial and other strategic decisions.
There are three alternative financing proposed in this research. First, internal financing will use its own
equity to fund this project. The second is angel investors where the company will maintain its capital with angel
investors as much as 100%. The 4th alternative is debt financing where 90% is taken from bank loans and 10%
is equity. Based on the comparison shows alternative 4 (Combination) more benefits. This alternative gives an
NPV of Rp 223,554,624,355.98, Profitability Index (PI) of 4968%, Internal Rate of Return (IRR) of 543.61%,
Payback Period (PP) of 7 months 6 days year. This is also evidenced by the results of the US Index above 1 with
a result of 199.60, this means the company needs to leverage to finance expansion projects. Alternative 4 will
increase the value of the company in several ways such as diversification of financial risk, tax benefits on
interest payments, guaranteed retained earnings, rapid disbursement of funds, and maintaining the balance of
shareholder equity.
REFERENCES
[1]. Aloina, G., Sembiring, A. C., Budiman, I., PebrinaTarigan, U. P., Saragih, K. P., &Siahaan, U. (2019).
Determining Credit Term Strategy Of Textile Industry. Journal Of Physics: Conference Series,
1230(1). Https://Doi.Org/10.1088/1742-6596/1230/1/012061
[2]. Febriyanto, F. C. (2018). The Effect Of Leverage, Sales Growth And Liquidity To The Firm Value Of
Real Estate And Property Sector In Indonesia Stock Exchange. Eaj (Economics And Accounting
Journal), 1(3). Https://Doi.Org/10.32493/Eaj.V1i3.Y2018.P198-205
[3]. Firman, A., Mustapa, Z., Ilyas, G. B., & Putra, A. H. P. K. (2020). Relationship OfTqm On Managerial
Perfomance: Evidence From Property Sector In Indonesia. Journal Of Distribution Science, 18(1).
Https://Doi.Org/10.15722/Jds.18.01.20201.47
[4]. Gursida, H., &Indrayono, Y. (2019). Understanding Capital Market Responses To Government
Economic Policy Announcements: An Event Study On Indonesia’s Economic Policy Package.
Management Science Letters, 9(11). Https://Doi.Org/10.5267/J.Msl.2019.6.004
[5]. Herman Ibrahim, A., Umar Daihani, D., Mariyanti, T., & Marius Siahaan, U. (2019). The Effect Of
Sukuk Financing And Capital Structure On Financial Performance And Corporate Value: A Study Of
Sukuk Issuer Listed In Indonesian Stock Exchange. In International Journal Of Islamic Business (Issue
2).
9. BUSINESS DEVELOPMENT STRATEGY, TOWARDS DIVERSIFICATION, ACQUISITION…
*Corresponding Author: Calvin Steven Ray 1
www.aijbm.com 109 | Page
[6]. Holzmayer, F., & Schmidt, S. L. (2020). Financial Performance And Corporate Diversification
Strategies In Professional Football – Evidence From The English Premier League. Sport, Business And
Management: An International Journal, 10(3). Https://Doi.Org/10.1108/Sbm-03-2019-0019
[7]. Janavi, E., Mansourzadeh, M. J., &Samandar Ali Eshtehardi, M. (2020). A Methodology For
Developing Scientific Diversification Strategy Of Countries. Scientometrics, 125(3).
Https://Doi.Org/10.1007/S11192-020-03685-1
[8]. Kishwar, A., &Ullah, A. (2019). The Role And Impact Of Merger & Acquisition Of Banking Sector In
Pakistan. Financial Markets, Institutions And Risks, 3(3). Https://Doi.Org/10.21272/Fmir.3(3).113-
121.2019
[9]. Lorenz, F., Willwersch, J., Cajias, M., &Fuerst, F. (2021).Interpretable Machine Learning For Real
Estate Market Analysis.Ssrn Electronic Journal. Https://Doi.Org/10.2139/Ssrn.3835931
[10]. Mohammad Hamim, A. A. D. R. A. (2019). Effect Of Good Corporate Governance On Company
Profitability Re & Property Sector In Indonesia. JurnalAkuntansi, 23(1).
Https://Doi.Org/10.24912/Ja.V23i1.457
[11]. Pramandika, D. A., &Siahaan, U. M. (2020). Inorganic Strategy Priority And The Company Valuation
Analysis Of Pt Bank BniSyariah To Become Buku Iii Bank. European Journal Of Business And
Management Research, 5(5). Https://Doi.Org/10.24018/Ejbmr.2020.5.5.575
[12]. Rebner, S., &Yeganeh, B. (2019).Mindful Mergers & Acquisitions.Organization Development Review,
51(3).
[13]. Siahaan, U. M., Suhadak, Handayani, S. R., &Solimun. (2014). The Influence Of Company Size And
Capital Structure Towards Liquidity, Corporate Performance And Firm Value, For Large And Small
Group Companies. European Journal Of Business And Management, 6(18).
[14]. Soundarya, M. B., Lavanya, S. M., &Hemalatha, S. (2019). Merger And Acquisition Of Business
Organization And Its Impact On Human Resources. Journal Of Business Strategy Finance And
Management, 1 And 2(1 And 2). Https://Doi.Org/10.12944/Jbsfm.01.0102.07
[15]. Yu, H., & Kim, T. (2020). The Effects Of Status On The Performance Of Portfolio Diversification
Strategies. Journal Of Strategy And Management, 14(2). Https://Doi.Org/10.1108/Jsma-06-2020-0156
[16]. Zemlyanskiy, O. A. (2021). Analysis Of The Real Estate Market For Business Activities.
VestnikUniversiteta, 5. Https://Doi.Org/10.26425/1816-4277-2021-5-60-68