Detail Analisa Penjualan Piutang Pembiayaan Konsumen (Asset Sales) kepada Pihak Investor sebagai Alternatif Pendanaan yang Efektif bagi Perusahaan Pembiayaan (Studi Kasus pada Perusahaan Pembiayaan PT X) Bibliografi Author: Wan, Wei Yiong (Advisor); Ayuningsih, Silvia Topik: Assets Sales; Pendanaan; Penjualan Piutang Bahasa: (ID )     Penerbit: Program Studi Magister Manajemen Sekolah Pascasarjana Universitas Katolik Indonesia Atma Jaya     Tempat Terbit: Jakarta    Tahun Terbit: 2008     Jenis: Theses - Master Thesis Fulltext: Silvia Ayuningsih Master Theses.pdf (5.03MB; 40 download) Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: MM-502 Non-tandon: tidak ada Tandon: 1  Lihat Detail Induk Abstract Due to their objective to offer credit to public, finance companies always need liquid fund to be used as a working capital. Liquid fund also helps them to settle the current payables. Finance companies are also need bigger additional fund in order to increase the amount of theirs consumers financing. If the finance company only obtained the required additional fund in order to increase the amount of theirs consumers’ financing. If the finance company only obtained the required additional fund from debt funding, it will increased debt to equity ratio of the company; otherwise debt funding also increased debt to equity ratio of the company; otherwisedebt funding also increased company’s interest payable. Anticipated the negative possibility from debt funding, finance company need to look other funding. Finance company have to look and make effort to create mutual cooperation with investor or bank. One type of this mutual cooperation is known as asset sales, where the finance company only obtained the required additional fund from debt funding, it will increased debt to equity ratio of the company; otherwise debt funding also increased company’s interest payable. Anticipated the negative possibility from debt funding, finance company need to look the other funding. Finance company have to look and make effort to create mutual cooperation with investor bank. One type of this mutual cooperation with investor or bank Asset sales means the bank takes over consumer’s receivable of finance company with negotiated discount rate. And for this co-operation, bank also appoints the involved finance company to manage all the outstanding consumers’ receivable that have been taken over. This thesis purpose to analyze whether assets sales in an effective funding for finance company perforamance with or without asset sales funding. The effectiveness of asset sales fundingis measured by calculating opportunity cost from additional fresh fund earning, decreasing of bad debt risk, and ratio analysis through leverage analysis (DER) and profitability analysis (ROI and ROE). The result of this analysis, assets sales funding is an effective funding source alternative for finance company. It can contributes additional earning that can be used for new financing approximate 32.86-39.97 percent. It also reduced bad debt risk approximate 15.969-27.393 percent and pressed Debt to Equity Ratio of Company from 4.548 times to 3.062 times on 2006, and from 3,714 times to 3,165 times until mid year of 2007. Assets sales funding is called effective funding because it also increased company Return On Investment from 2.414 percent to 3.151 percent on 2006, regardless until mid year 2007. ROI of company is a little bit down from 1.275 percent to 1.208 percent, because the assets sales funding is not maximized used by company. Another benefits for finance company through asset sales funding are: the smoothes of business as additional working capital is guaranteed, company obtains additional earning from investor as service fee for outstanding consumers’ receivable managed. The other benefit are cost of fund from this asset sales funding is relative low, relative easy to be obtained and finance company not need waiting too long to obtain the fund, and asset sales funding can be used by finance company every time they need fund injection during the term of agreement between finance company and investor. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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