Fundamental Management Journal <div style="float: left; margin-right: 1em;"><img src="" alt=""></div> <p>Fundamental Management Journal, a scientific journal published by Fakultas Ekonomi Universitas Kristen Indonesia covered many research such as economic and finance studies, marketing, and human resources.<br>Fundamental Management Journal&nbsp;will publish in two times issues each year.</p> en-US (Dr. Posma Sariguna Johnson Kennedy, ST.,SE.,MSi.,MSE.) (Dr. Posma Sariguna Johnson Kennedy, ST.,SE.,MSi.,MSE.) Wed, 21 Apr 2021 00:00:00 +0000 OJS 60 PERFORMANCE EVALUATION AND FORMATION OF OPTIMAL PORTOFOLIO USING CAPM METHOD AND SINGLE INDEX MODEL IN PROPERTY AND REAL ESTATE SUB-SECTOR COMPANIES REGISTERED IN INDONESIA STOCK EXCHANGE 2015-2019 <p>The purpose of this study is to determine the rate of return, risk of shares in the property sector, and the proportion of funds from the optimal portfolio formed. This study uses the Capital Asset Pricing Model and the Single Index Model. The sample used is 38 stocks of property and real estate companies listed on the Indonesia Stock Exchange.</p> <p>The results showed that there are 9 stocks that are included in the optimal portfolio based on the CAPM model with the proportion of BAPA funds 5.32%, DUTI 3.46%, EMDE 22.18%, FMII 6.01%, GMTD 38.37%, OMRE 10, 67%, PLIN 5.66%, RBMS 3.47% and RDTX 4.85%. The portfolio return is 2.19% per month and 26.34% per year with a risk of 5.44% or 18.84% per year. For the portfolio of the Single Index Model, there are 8 companies that enter the optimal portfolio with the proportion of DILD funds 6.60%, DUTI 7.05%, PUDP 2.51%, RODA 3.97%, OMRE 43.32%, FMII 5.86% , MTLA 22.61% and BKSL 8.08%. Portfolio return of 2.48% per month and 29.85% per year with a risk of 40.24% per year.</p> <p>Portfolios formed based on the CAPM method and the Single Index Model have a historical performance Sharpe ratio greater than the JCI. The CAPM portfolio is 0.326874 per month and 1.132326 per year, the single index model portfolio is 0.178304 per month and 0.6176624 per year, while the JCI is -0.107174 per month and -0.059494 per year.</p> <p><strong>Keyword</strong> : CAPM, MVEP, Model Indeks Tunggal, Expected Return, Deviasi Standar.</p> Andreas Buluama, Roy Sembel , Juaniva Sidharta Copyright (c) 2021 Andreas Buluama, Roy Sembel , Juaniva Sidharta Wed, 21 Apr 2021 13:03:22 +0000 Evaluation of the COVID-19 Handling Programs and National Economic Recovery in Indonesia <p><em>This study aims to see the budget allocation for the Covid-19 Handling Program and National Economic Recovery (PC-PEN), based on realizing the PC-PEN Program budget in 2020 and the challenges in 2021. The research method in this study is to use a qualitative approach through a review of the literature with the primary source coming from the Ministry of Finance, especially from the Warta Fiskal published by the Fiscal Policy Agency of the Ministry of Finance of the Republic of Indonesia, as well as other supporting sources. From data through literature, social protection programs and support for Micro, Small, and Medium Enterprises (UMKM) show significant budget absorption development. While the health management program, sectoral support from ministries/agencies and local governments, and business incentives, the absorption is still low. The Government must pay attention to the implementation and effectiveness of the PC-PEN Program, including maintaining the most subordinate economic groups' consumption and giving priority to the distribution of stimulus funds to the sectors most affected by this pandemic.</em></p> <p><em>Keywords: Pandemic Covid-19, National Economic Recovery (PEN), PEN Budget</em></p> Posma Sariguna Johnson Kennedy Copyright (c) 2021 Posma Sariguna Johnson Kennedy Wed, 21 Apr 2021 13:35:02 +0000 THE EFFECT OF EASE, TRUST AND SECURITY ON INTEREST IN USING GOPAY ON THE GOJEK APPLICATION (Case Study Of Society In The Lippo Cikarang) <p><strong><em>Currently experiencing increasingly rapid technological developments, which have influenced the current economic development. In this modern era, technological developments have made changes where the current payment system has shifted cash into a non-cash payment instrument, its development has further increased. This research is quantitative in nature, the sample was taken in the study, namely the Lippo Cikarang society of respondents as many as 100, to measure interest using Gopay, namely the F test, T test, R<sup>2</sup> (coefficient of determination) used. And variables used in this research are ease, trust, security.</em></strong></p> <p><strong><em>Keywords : ease, trust, security, interest in using, Gopay</em></strong></p> Yuli Fransiska Marbun, Sautman Sinaga, Poerwaningsih Copyright (c) 2021 Yuli Fransiska Marbun, Sautman Sinaga, Poerwaningsih Wed, 21 Apr 2021 13:43:38 +0000 FACTORS AFFECTING CONSUMERS IN BUYING A HOUSE AT GRIYA SRIMAHI INDAH BEKASI UTARA <p><em>This study aims to determine the effectqof price,qlocation andqbuilding on theqdecision toqbuy a house in Griya Srimahi Indah Housing, Bekasi Utara. The data source used is primary data obtained through distributing questionnaires to 75 respondents, while secondary data is obtained through literature studies from the housing sector by searching for data via the internet related to this research. The research method used in this research is quantitative analysis techniques. While the data analysis used SPSS 22, Classical Assumption Test, Multiple Linear Aggression and Hypothesis Test to test the data statistically. Throughqthis researchqit is knownqthat the questionnaire data isqdeclared valid because r count&gt; r table, that is, each r count&gt; 0.2272. Likewise, the questionnaire data was also declared reliable because Cronbach's alpha&gt; 0.60, namely 0.941&gt; 0.60. The conclusion of this study is that the price factor partially does not have a significant effect on the purchasing decisions of residents of Griya Srimahi Indah Housing. While the location and building partially have a significant effect on the purchasing decisions of residents of Griya Srimahi Indah Housing. The price, location and building factors simultaneously have a significant effect on the purchasing decisions of residents of Griya Srimahi Indah housing. The location variable is the variable that has the most dominant influence on the purchasing decisions of residents of Griya Srimahi Indah Housing. Theqcoefficient ofqdetermination (Adjusted RqSquare) is 0.922. This meansqthat 92.2% ofqpurchasing decisionsqcan be explainedqby price, location andqbuilding variables. Whileqthe remaining 7.8% isqexplained byqother factors or variablesqwhich are notqexamined inqthis thesis. The suggestion that the authors can give is that housing developers need to increase the application of prices in housing marketing, if you want to create purchase decisions and can generate profits for both the company and for residential consumers. Housing developers need to add several facilities that can provide added value to the residence, such as a children's playground, land to build a minimarket or do greening in the Griya Srimahi Indah housing area. It is necessary to study other factors that can influence purchasing decisions, because by knowing the many factors that can influence purchasing decisions, developers will be better able to carry out housing development in accordance with market demand.</em></p> <p><em>Keywords: price, location, building and buying decision</em><em>.</em></p> Christine Yolanda Siahaan, Carolina Sembiring Copyright (c) 2021 Christine Yolanda Siahaan, Carolina Sembiring Wed, 21 Apr 2021 13:50:00 +0000 The Effect of the Ban on Nickel Exports on the Economic Profitability of PT Vale Indonesia, Tbk from 2015 - June 2020. <p><em>The purpose of this study was to determine the effect of government policies to prohibit the export of raw materials for mining ore, especially nickel ore, to foreign countries based on Permen ESDM No. 01/2014 on the economic profitability of INCO companies from 2015 to June 2020.</em></p> <p><em>To see the company's economic profitability, it can be seen from the side of gross profit margin, net profit margin, return on assets, and return on equity. This analysis is made by compiling profitability ratios in one table so that it is expected to provide clearer information for interested parties. </em><em>INCO Tbk is a mining company listed on the Indonesia Stock Exchange whose majority shares are owned by foreign countries.</em></p> <p><em>From the results of the research and analysis that has been carried out, it can be concluded that the ban on nickel ore exports has a negative effect on gross profit margin, net profit margin, return on assets, and return on equity from 2015-2017, but the ban on nickel ore exports has no negative effect. on gross profit margin, net profit margin, return on assets, and return on equity from 2018-June 2020.</em></p> <p><strong><em>Keywords:</em></strong><em> economic profitability, gross profit margin, net profit margin, return on assets, and return on equity, exports.</em></p> Humala Situmorang Copyright (c) 2021 Humala Situmorang Thu, 29 Apr 2021 00:00:00 +0000 THE RELATIONSHIP BETWEEN ORGANIZATIONAL CULTURE AND COMMITMENT TO ORGANIZATION CITIZENSHIP BEHAVIOR AT PRESTISA (PT KAYA RAYA TURUN TEMURUN) <p><em>Organizational</em> <em>Citizenship Behavior</em> <em>(OCB) is prosocial</em> <em>behavior or</em> <em>extra precautions</em> <em>that&nbsp; exeed</em> <em>a specified</em> <em>discription of</em> <em>the role</em> <em>within the</em> <em>organization or</em> <em>company. In</em> <em>this study, the</em> <em>issues to be</em> <em>discussed is how</em> <em>is the</em> <em>relationship between</em> <em>organizational culture,</em> <em>organizational</em> <em>commitment, and</em> <em>Organizational Citizenship</em> <em>Behavior. The</em> <em>research was</em> <em>conducted at</em> <em>the PT PRESTISA, Jakarta. The</em> <em>purpose of this</em> <em>study was to</em> <em>determine the</em> <em>relationship of</em> <em>organizational culture and</em> <em>organizational commitment of</em> <em>Organizational Citizenship</em> <em>Behavior (OCB). This</em> <em>research is descriptive-correlational</em> <em>by as many</em> <em>as 30 employees, and data</em> <em>were analyzed</em> <em>using Spearmen</em> <em>Rank Correlation</em> <em>and multiple</em> <em>correlation Pearson</em> <em>Product Moment. The</em> <em>result of</em> <em>this study</em> <em>was indicated</em> <em>that 1) there</em> <em>is a</em> <em>positive and</em> <em>significant relationship</em> <em>between Organizational</em> <em>Culture and OCB</em> <em>of employees</em> <em>at PT PRESTISA. It is</em> <em>shown by t (3,348) is</em> <em>greater than</em> <em>t table (2,048), 2) there</em> <em>is a positiveand significant</em> <em>relationship</em> <em>between</em> <em>Organizational Commitment</em> <em>and OCB&nbsp; of</em> <em>empoyees at PT PRESTISA. It</em> <em>is shown by t (2,483) is greater</em> <em>than table (2,048), 3) there</em> <em>is a positive</em> <em>and significant</em> <em>relationship between</em> <em>Organizational Culture, Organizational</em> <em>Commitment, and OCB</em> <em>of employees</em> <em>at</em> <em>PT PRESTISA. It</em> <em>is shown by F (7,958) is</em> <em>greater than</em> <em>F table (3,354).&nbsp; </em></p> <p><em>Keyword : organizational</em> <em>culture, organizational</em> <em>commitment, organizational citizenship</em> <em>behavior (OCB) </em></p> Joseph Rivan Naiborhu , Nenny Anggraini Copyright (c) 2021 Joseph Rivan Naiborhu , Nenny Anggraini Thu, 29 Apr 2021 09:20:02 +0000 EVALUATION ON THE IMPLEMENTATION OF CUTTING AND DEPOSITION OF INCOME TAX ARTICLE 21 IN EMPLOYEES OF PT. DAYA MITRA SARANA <p><em>Taxes are useful as the main source of revenue from the State Budget and are used to finance all State interests.&nbsp; Therefore, improving services and people's welfare is the final goal of the imposition of taxes.&nbsp; One of the things that the government is trying to attract the public's trust to pay taxes is by implementing a self-assessment system.&nbsp; Therefore the authors want to know the implementation of withholding and depositing income tax article 21 on employees of PT.&nbsp; Daya Mitra Sarana and to find out whether PT.&nbsp; Daya Mitra Sarana is compliant and compliant with the regulations.&nbsp; The method used in this writing is the interview method and literature method.&nbsp; The conclusions that the authors can get as a result of the Job Training Report and the discussion that has been done at PT.&nbsp; Daya Mitra Sarana regarding the Evaluation of the Implementation of Withholding and Depositing Income Tax (PPh) Article 21 for employees, namely the calculation / Withholding and deposit of income tax (PPh) 21 at PT.&nbsp; Daya Mitra Sarana is done every month correctly and never too late and is in accordance with Law No.&nbsp; 36 of 2008 concerning income tax and the Director General of Taxes Regulation No.&nbsp; PER-16 / PJ / 2016</em><em>.</em></p> <p><em>&nbsp;</em><em>Keyword :</em> <em>I</em><em>ncome</em><em>,</em><em> tax (PPh) 21</em></p> Gembira Siregar, Banggas Sitorus, Rutman Lumbantoruan Copyright (c) 2021 Gembira Siregar, Banggas Sitorus, Rutman Lumbantoruan Thu, 29 Apr 2021 09:23:20 +0000 THE EFFECT OF DEBT TO EQUITY RATIO AND GOOD CORPORATE GOVERNANCE AGAINST FIRM VALUE (STUDY ON MINING SECTOR COMPANIES LISTED ON THE INDONESIAN STOCK EXCHANGE PERIOD OF 2014-2018) <p><em>The study aims to identify the effect of debt to equity ratio and good corporate governance on firm value. Researchers used statitic descriptive, classic assumption test and multiple linier method. This study used data of 10 mining sector companies which has been registered on the Indonesia Stock Exchange (BEI) on period of 2014-2018. The study has the results of the debt to equity ratio, managerial ownership, independent board of commissioners have an effect on firm value. Then institusional ownership, audit committee uninfluence on firm value.</em></p> <p><em>&nbsp;&nbsp; Keywords: debt to equity ratio, good corporate governance, firm value</em></p> Gavrila Miranda Situmorang, Johni Siagian, Melinda Malau Copyright (c) 2021 Gavrila Miranda Situmorang, Johni Siagian, Melinda Malau Thu, 29 Apr 2021 09:25:57 +0000 Daftar ISI <p>-</p> Rutman Lumbantoruan Copyright (c) 2021 Rutman Lumbantoruan Thu, 29 Apr 2021 09:29:31 +0000