The aim of the study was to find out how strong the impact of intellectual capital, profitability and dividends is on the market capitalization of companies listed on the Indonesia Stock Exchange (IDX) and included in the LQ45 index from 2014 to 2018. The authors employ the multiple linear regression method. They measure the value of intellectual capital by the value added intellectual coefficient (VAIC ™), and the profitability -by return on assets (ROA) and return on equity (ROE). To calculate a dividend per share (DPS), they divide the annual dividend by the number of outstanding shares. The results of this study show that intellectual capital and return on assets (ROA) do not significantly affect the company's market capitalization, while return on equity (ROE) and dividends do. The authors conclude that by the level of efficiency and effectiveness of the company in capital management, one may see whether investors receive higher profits. Therefore, investors are more interested in companies that have a high level of dividend distribution.
Abstract: Agrowisata merupakan salah satu bidang usaha pariwisata yang potensial di Indonesia, berlandaskan konsep pertanian, serta kondisi alam, dan budaya yang beragam. Kabupaten Banyuasin merupakan kabupaten yang memiliki lahan yang subur untuk pertanian dan didukung dengan perairan yang sangat baik serta menyimpan banyak potensi wisata, termasuk wisata alam yang sangat cocok untuk dikembangkan menjadi daerah Agrowisata. Salah satunya Agrowisata Tekno 44 yang terletak di Desa Gelebak Dalam Kecamatan Rambutan.Semakin banyaknya industri pariwisata, Agrowisata Techno 44 juga harus dapat bersaing dan mengimbangi jumlah pengunjung dengan pengembangan wisata. Pengembangan Desa Gelebek Dalam sebagai Agrowisata Techno 44, terdiri dari identifikasi potensi dan pemetaan daya tarik wisata, pembentukan kelembagaan, meliputi, perencanaan dan pengembangan produk wisata, peningkatan kapasitas sumber daya manusia (SDM), dan pemasaran dan promosi. Pengembangan wisata edukasi yang berbasis pada perkebunan, perikanan dan perternakan di Desa Gelebek Dalam dilakukan dengan konsep: diarahkan pada sektor perkebunan, perikanan dan perternakan dengan didukung oleh sektor-sektor yang menunjang pengembangan perkebunan, perikanan dan peternakan. Secara umum potensi agrowisata techno 44 di Desa Gelebak, Kabupaten Banyuasin berpeluang besar untuk diberdayakan secara maksimal. Pemberdayaan tersebut perlu dilakukan secara terintegrasi dengan melibatkan masyarakat setempat secara penuh dengan mengubah paradigma membangun desa menjadi desa membangun untuk mewujudkan one stop ecotourism
Purpose: This study aims to determine the effect of mergers on BSI's financial performance. Research methodology: The method used in this research is descriptive comparative, namely research that describes a certain situation within a predetermined period of time. The data used in this study comes from the financial statements of the three Islamic banks before the merger (2019) and BSI after the merger (2021). Results: The results of this study show that of the nine ratios studied, six ratios have increased, namely the quick ratio, debt to equity ratio, times interest earned, return on assets, return on equity, and net profit margin, while the other four have decreased, namely the current ratio, cash ratio , and debt ratios. Limitations: The observation period is limited to a year before and a year after the merger. Contribution: As for suggestions for BSI, it is necessary to pay attention to important and dominant aspects that can improve the quality of company assets and financing. Novelty: The difference between this study and previous studies is that the ratios used in this study are Current Ratio (CR), Quick Ratio (QR), Cash Ratio, Debt Ratio (DR), Debt to equity ratio (DER), Times interest earned (TIE), Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin (NPM) as a comparison to see the financial performance before and after the merger from BSI.
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