ANALISIS CAPITAL BUDGETING SEBAGAI ALAT PENGAMBILAN KEPUTUSAN INVESTASI: Studi Kasus
DOI:
https://doi.org/10.12928/si.v16i2.11542Keywords:
MSMes, Capital Budgeting, Investment Decisions, Fixed AssetsAbstract
A good investment decision analysis has to go through to find out the work done will benefit or not. To avoid the losses that investors received, then investors should know the proposed investment with long-term risks will be accepted. The purpose of this research is to analyze the feasibility of investment of fixed assets in the form of replacement of fixed assets fixed assets the old with new in the MSMes Serabi in Surakarta, Central Java by using techniques of Capital Budgeting. This research method is the method of the description with quantitative approach. Data analysis using the latest financial reports to count ARR, PP, NPV, and PI. Data analysis of the results ARR 126.6 % > 20% the investment received, PP 5.13 month < 5 years then the investment received, NPV 41,682,000 > 0 then received investments, PI 11.69 > 1 then received investments. From research done then capital budgeting can be used as a decision-making tool investment fixed assets on the MSMes Serabi Surakarta to anticipate long-term losses.References
Al-Ani, M. K. (2015). A Strategic Framework to Use Payback Period in Evaluating the Capital Budgeting in Energy and Oil and Gas Sectors in Oman, International Journal of Economics and Financial, 5(2) pp. 469-475.
Arsyad, A. (2012). Net Present Value is better than Internal Rate of Return, Interdisciplinary Journal of Contemporary Research In Business, 4(8), pp. 211-219.
Esen, O. M. & Perek, A. A. (2016). The Revaluation Model and Its Effects on Financial Statements: An Examination on Bist 100 Companies. Bilgi Ekonomisi ve Yönetimi Dergisi.
Gurau, M. A. (2012). The Use Of Profitability Index In Economic Evaluation of Industrial Investment Projects, Proceedings in Manufacturing Systems, 7(1), pp. 55-58.
Hery & Lekok, W. (2011). Akuntansi Keuangan Menengah 2, Ed.1. Jakarta: Bumi Aksara.
Kengatharan, L. (2016). Capital Budgeting Theory and Practice: A Review and Agenda for Future Research. Applied Economics and Finance, 2 (3), pp. 15-38.
Khamees, B. A. (2010). Capital budgeting practices in the jordanian industrial corporations. International Journal of Commerce and Management, 20(1). pp. 49-63.
Lech, M. & Kamieniecka, M. (2014). Valuation of Tangible Fixed Assets at the Moment ff Transition to the IFRS/IAS (BASED ON KGHM JSC.). Management, Knowledge and Learning.
Maroyi, V., & Poll, F. M. V. D. (2012). A survey of capital budgeting techniques used by listed mining companies in South Africa. African Journal of Business Management. 6 (32), pp. 9279-9292.
Mbabazize, P. M., & Daniel, T. (2014). Capital Budgeting Practices In Developing Countries: A Case Of Rwanda. Research journali’s Journal of Finance. 2(3) pp. 1-19.
Rigopoulos, G. (2015). A review on real options utilization in capital budgeting practice. International Journal of Information, Business and Management. 7(2). pp. 1-16.
Singh, S., Jain, P. K., & Yadav, S. S. (2012). Capital budgeting decisions: Evidence from India. Journal of Advances in Management Research. 9 (1). pp. 96 – 112.
Sofiyati, P., Rahayu, S. M & Endang, W. I. (2015). Analisis Capital Budgeting Sebagai Sarana Pengambilan Keputusan Investasi Aset Tetap. Jurnal Administrasi Bisnis. Vol. 25, pp. 1-10.
Sugiyono. (2009). Metode Penelitian Bisnis (Penedekatan Kuantitatif, Kualitatif dan R&D). Bandung: Alfabeta.
Tendelilin, E. (2010). Portofolio Investasi Teori dan Aplikasi. Edisi Pertama. Yogyakarta: Kanisius.
Viviers, S., & Cohen, H. (2011). Perspectives on capital budgetingin the south african motor manufacturing industry. Meditari Accountancy Research,19(1). pp.75-93.
Žižlavský, O. (2014). Net Present Value Approach: Method for Economic Assessment of Innovation Projects, Procedia - Social and Behavioral Sciences, 156. pp. 506-512.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
