Penelitian ini bertujuan untuk mengetahui dan menganalisis besarnya pengaruh Indeks Harga Saham R... more Penelitian ini bertujuan untuk mengetahui dan menganalisis besarnya pengaruh Indeks Harga Saham Regional terhadap Indeks Harga Saham Gabungan (IHSG) di Bursa Efek Indonesia dan menganalisis Indeks Harga Saham regional teridentifikasi yang memiliki pengaruh dominan terhadap IHSG di BEI. Ruang lingkup penelitian ini dilakukan terhadap 5 (lima) Indeks Harga Saham Regional yang merupakan Indeks Harga Saham yang sering di publikasikan dan cukup dikenal oleh masyarakat Indonesia dan IHSG di BEI. Data yang digunakan adalah data sekunder, yaitu data yang meliputi perkembangan Indeks Harga Saham Gabungan di BEI dan beberapa Indeks harga Saham pada beberapa Bursa Saham Regional. Metode penelitian adalah menggunakan Explanatory Research , metode analisis yang digunakan dalam penelitian ini adalan analisis jalur (Path Analysis) denganmenggunakan program AMOS 5. Kesimpulan dalam penelitian ini adalah Selama periode 2005–2008, terdapat pengaruh simultan dan parsial Indeks Harga Saham Regional terhadap IHSG di BEI, yakni melalui Indeks Harga Saham di Kuala Lumpur (KLCI) dan Indeks Harga Saham di Singapur (STI),. STI di Singapur memiliki pengaruh yang dominan terhadap Indeks Harga Saham Gabungan (IHSG) dengan pengaruh sebesar 39,83%.
International Journal of Professional Business Review
Purpose: This study aims to hypothesize the companies that apply income smoothing to Industry tra... more Purpose: This study aims to hypothesize the companies that apply income smoothing to Industry trade, services, and investment on Indonesia Stock Exchange. Theoretical framework: Theoretical basis of the income smoothing hypothesis was used to examine the differences in stock returns between the trading, service, and investment industries that apply income smoothing on the Indonesia Stock Exchange. Test differences in stock risk between the trading, service, and investment industries that apply income smoothing and the trading, service, and investment industries do not determine income smoothing on the Indonesia Stock Exchange. Design/methodology/approach: The0 1method0 1used0 1in0 1this0 1study0 1is0 1a0 1comparative0 1descriptive0 1method.0 1The0 1analysis0 1used0 1is0 1descriptive0 1analysis,0 1normality0 1test,0 1and0 1t-test0 1to0 1conclude0 1whether0 1there0 1are0 1differences0 1in0 1the0 1treatment0 1of0 1these0 1variables.0 1In0 1addition,0 1it0 1also0 1calculates0 1the0 ...
TADULAKO INTERNATIONAL JOURNAL OF APPLIED MANAGEMENT
This research intends to analyze the financial performance at Regional Development Banks listed o... more This research intends to analyze the financial performance at Regional Development Banks listed on the Indonesian Stock Exchange for the 2016-2020 period using the RGEC (Risk Profile, Good Corporate Governance, Earnings, Capital). This research applied quantitative descriptive approach. Data were collected through annual financial reports published in each bank of 3 regional banks. Results of this research reveals that the financial performance at regional development Banks listed on the on the Indonesian Stock Exchange for the 2016-2020 period is identified through the Risk Profile, namely by analyzing financing risk with the NPL ratio of regional banks BJBR in the very good category, BJTM in the good category and BEKS is adequate but was not in good category in 2020 period. Liquidity risk analysis with the LDR ratio of regional banks of BJTM for the 2016 period is adequate, the 2017 period is good and in the period of 2018-2020 it is very good, the BJBR bank is in the adequate cat...
International Journal of Professional Business Review, 2022
This study aims to hypothesize the companies that apply income smoothing to Industry trade, servi... more This study aims to hypothesize the companies that apply income smoothing to Industry trade, services, and investment on Indonesia Stock Exchange. Theoretical framework: Theoretical basis of the income smoothing hypothesis was used to examine the differences in stock returns between the trading, service, and investment industries that apply income smoothing on the Indonesia Stock Exchange. Test differences in stock risk between the trading, service, and investment industries that apply income smoothing and the trading, service, and investment industries do not determine income smoothing on the Indonesia Stock Exchange.
This study aims to examine the market reaction to the Covid-19 pan-demic using stocks listed on t... more This study aims to examine the market reaction to the Covid-19 pan-demic using stocks listed on the LQ45 Index, by using the event study method to calculate and analyze the difference in Average Abnormal Return (AAR) and Trading Volume Trading (TVA) during the Covid-19 pandemic that occurred in Indonesia. The population for the study is companies listed on the LQ45 Index with a sample of 41 companies taken by purposive sampling technique. Statistical analysis was con-ducted by using events study with paired sample t-test in determining the abnormal return difference test for each event. The first finding was that the LQ45 stock market reacted positively since the confirmation of the Covid-19 outbreak in Wuhan, China, as investors did not consider this information bad news. Second, LQ45 shares have shown a decline since the first confirmed Covid-19 patients in Indonesia. Third, the announcement of a pandemic by the World Health Organization (WHO) continued until the Jakarta regional lockdown in April 2020 made LQ45 respond negatively. The market began to respond positively after the first vaccination in Indonesia in January 2021. Overall, the results show that the LQ45 stock market has responded quickly to the Covid-19 pandemic from the start events and responses vary over time depending on events during the pandemic. Investors tend to be quick to respond to any event so that stock movements are
Tadulako Social Science and Humaniora Journal, 2021
Penelitian ini bertujuan untuk menganalisis kinerja keuangan APBD Pemda Kab. Morowali. Permasalah... more Penelitian ini bertujuan untuk menganalisis kinerja keuangan APBD Pemda Kab. Morowali. Permasalahan yang dikemukakan dalam penelitian ini adalah bagaimana tingkat efektivitas PAD, tingkat aktivitas, dan tingkat pertumbuhan kinerja keuangan PAD, belanja rutin, dan belanja modal) Pemda Kab. Morowali. Untuk mengetahui permasalahan dalam penelitian ini digunakan alat analisis rasio kinerja keuangan yaitu; rasio efektivitas, rasio aktivitas, dan rasio pertumbuhan. Dari hasil analisis ditemukan bahwa PAD masih kurang efektif. Adapun tingkat aktifitasnya, alokasi belanja modal masih besar dibandingkan dengan belanja rutinnya. Sementara rasio tingkat pertumbuhanya, baik rasio pertumbuhan PAD, belanja rutin, dan belanja modal masih dikategorikan tidak berhasil. Kata Kunci : efektivitas, aktivitas dan pertumbuhan.
Jurnal Ilmu Manajemen Universitas Tadulako (JIMUT), 2016
The purpose of this study is to determine simultaneous and partial influence of dividend policy, ... more The purpose of this study is to determine simultaneous and partial influence of dividend policy, profitability, and growth of corporate assets on the value of companies in the Manufacturing industry listed on the Indonesia Stock Exchange. This research is a quantitative descriptive. Sample consists of 11 companies in manufacturing industry listed on Indonesia Stock Exchange with research period of 5 years starting from 2012 until 2016. The study uses panel data regression with fixed effect model. The result shows that dividend policy, profitability, and growth of company asset simultaneously have significant influence on company value with R square value of 0.9588 means that dividend policy, profitability, and growth of company asset is 95,88% and the rest of 4,12 % influenced by other variables that are not examined. Partially, dividend policy and growth of company asset have non- significant influence on company’s value while profitability has significant influence. Tujuan penelit...
Jurnal Ilmu Manajemen Universitas Tadulako (JIMUT), 2020
This study aims to determine the effect of dividend and leverage policy on firm value in manufact... more This study aims to determine the effect of dividend and leverage policy on firm value in manufacturing sector in the Indonesia Stock Exchange (IDX) with good corporate governance as moderating variable for the 2013-2017 period. The population in this study amounted to 130 companies. The research sample of 17 companies using purposive sampling techniques. The analytical tool used is panel data regression with moderate regression analysis (MRA). The results showed that dividend policy (DPR) and leverage (DER) simultaneously had positive and significant effect on firm value (Q). Partial testing shows that dividend policy and leverage have positive and significant effect on firm value. Whereas GCG (KM) as moderating weakens the relationship between dividend policy on firm value and leverage on firm value. Penelitian ini bertujuan untuk mengetahui Pengaruh Kebijakan Dividen dan Leverage Terhadap Nilai Perusahaan Pada Sektor Manufaktur di Bursa Efek Indonesia (BEI) dengan Good Corporate...
Jurnal Ilmu Manajemen Universitas Tadulako (JIMUT), 2020
Sample in study consists of 11 companies that were selected by purposive sampling method. Data co... more Sample in study consists of 11 companies that were selected by purposive sampling method. Data collecting technique is documentary analysis using the data of annual reports of food and beverage companies listed on Indonesia Stock Exchange in 2010 – 2014. Method of data analysis uses panel data and multiple linear regressions with software Eviews version 7. The results show that six independent variables studied simultaneously influence the company value with sig. probability 0.000011 and F-count <0.05. The t-tests indicate that the Times Interest Earned Ratio, Long term- Debt to Equity Ratio, ROA, NPM and ROE have no significant influence on the company value: X2 = 0.2845, X3 = 0.1626, X4 = 0.0576, 0.2678 = X5, X6 = 0.6344, 0.05 ≥ α. Debt Ratio has significantinfluence on company value, with the value X1 = 0.0192 ≤ 0.05. R2 value is 0.483863 and simultaneously, six independent variables studied influence the dependent variable (the value of the company) of 48.38%, while the remai...
Jurnal Ilmu Manajemen Universitas Tadulako (JIMUT), 2016
The purpose of the research are 1) to find out and analyze simultaneous effect of working capital... more The purpose of the research are 1) to find out and analyze simultaneous effect of working capital consisting of quantitative working capital, qualitative working capital, and functional working capital on profitability at CV. IFMI Motor Kotaraya. 2) to find out and analyze the partial influence of quantitative working capital on rentability at CV. IFMI Motor Kotaraya. 3) to determine and analyze the partial effect of qualitative working capital on rentability at CV. IFMI Motor Kotaraya. 4) to determine and analyze partial effect of functional working capital on rentability at CV. IFMI Motor Kotaraya. Type of research is causal descriptive. Data analysis technique is path analysis. The results show that: 1) working capital of CV. IFMI Motor Kotaraya during 2012-2016 seen from the quantitative working capital and functional working capital has been decreased every year, while the qualitative working capital showed annual increase. 2) working capital consisting of quantitative working ...
Penelitian ini bertujuan untuk mengetahui dan menganalisis besarnya pengaruh Indeks Harga Saham R... more Penelitian ini bertujuan untuk mengetahui dan menganalisis besarnya pengaruh Indeks Harga Saham Regional terhadap Indeks Harga Saham Gabungan (IHSG) di Bursa Efek Indonesia dan menganalisis Indeks Harga Saham regional teridentifikasi yang memiliki pengaruh dominan terhadap IHSG di BEI. Ruang lingkup penelitian ini dilakukan terhadap 5 (lima) Indeks Harga Saham Regional yang merupakan Indeks Harga Saham yang sering di publikasikan dan cukup dikenal oleh masyarakat Indonesia dan IHSG di BEI. Data yang digunakan adalah data sekunder, yaitu data yang meliputi perkembangan Indeks Harga Saham Gabungan di BEI dan beberapa Indeks harga Saham pada beberapa Bursa Saham Regional. Metode penelitian adalah menggunakan Explanatory Research , metode analisis yang digunakan dalam penelitian ini adalan analisis jalur (Path Analysis) denganmenggunakan program AMOS 5. Kesimpulan dalam penelitian ini adalah Selama periode 2005–2008, terdapat pengaruh simultan dan parsial Indeks Harga Saham Regional terhadap IHSG di BEI, yakni melalui Indeks Harga Saham di Kuala Lumpur (KLCI) dan Indeks Harga Saham di Singapur (STI),. STI di Singapur memiliki pengaruh yang dominan terhadap Indeks Harga Saham Gabungan (IHSG) dengan pengaruh sebesar 39,83%.
International Journal of Professional Business Review
Purpose: This study aims to hypothesize the companies that apply income smoothing to Industry tra... more Purpose: This study aims to hypothesize the companies that apply income smoothing to Industry trade, services, and investment on Indonesia Stock Exchange. Theoretical framework: Theoretical basis of the income smoothing hypothesis was used to examine the differences in stock returns between the trading, service, and investment industries that apply income smoothing on the Indonesia Stock Exchange. Test differences in stock risk between the trading, service, and investment industries that apply income smoothing and the trading, service, and investment industries do not determine income smoothing on the Indonesia Stock Exchange. Design/methodology/approach: The0 1method0 1used0 1in0 1this0 1study0 1is0 1a0 1comparative0 1descriptive0 1method.0 1The0 1analysis0 1used0 1is0 1descriptive0 1analysis,0 1normality0 1test,0 1and0 1t-test0 1to0 1conclude0 1whether0 1there0 1are0 1differences0 1in0 1the0 1treatment0 1of0 1these0 1variables.0 1In0 1addition,0 1it0 1also0 1calculates0 1the0 ...
TADULAKO INTERNATIONAL JOURNAL OF APPLIED MANAGEMENT
This research intends to analyze the financial performance at Regional Development Banks listed o... more This research intends to analyze the financial performance at Regional Development Banks listed on the Indonesian Stock Exchange for the 2016-2020 period using the RGEC (Risk Profile, Good Corporate Governance, Earnings, Capital). This research applied quantitative descriptive approach. Data were collected through annual financial reports published in each bank of 3 regional banks. Results of this research reveals that the financial performance at regional development Banks listed on the on the Indonesian Stock Exchange for the 2016-2020 period is identified through the Risk Profile, namely by analyzing financing risk with the NPL ratio of regional banks BJBR in the very good category, BJTM in the good category and BEKS is adequate but was not in good category in 2020 period. Liquidity risk analysis with the LDR ratio of regional banks of BJTM for the 2016 period is adequate, the 2017 period is good and in the period of 2018-2020 it is very good, the BJBR bank is in the adequate cat...
International Journal of Professional Business Review, 2022
This study aims to hypothesize the companies that apply income smoothing to Industry trade, servi... more This study aims to hypothesize the companies that apply income smoothing to Industry trade, services, and investment on Indonesia Stock Exchange. Theoretical framework: Theoretical basis of the income smoothing hypothesis was used to examine the differences in stock returns between the trading, service, and investment industries that apply income smoothing on the Indonesia Stock Exchange. Test differences in stock risk between the trading, service, and investment industries that apply income smoothing and the trading, service, and investment industries do not determine income smoothing on the Indonesia Stock Exchange.
This study aims to examine the market reaction to the Covid-19 pan-demic using stocks listed on t... more This study aims to examine the market reaction to the Covid-19 pan-demic using stocks listed on the LQ45 Index, by using the event study method to calculate and analyze the difference in Average Abnormal Return (AAR) and Trading Volume Trading (TVA) during the Covid-19 pandemic that occurred in Indonesia. The population for the study is companies listed on the LQ45 Index with a sample of 41 companies taken by purposive sampling technique. Statistical analysis was con-ducted by using events study with paired sample t-test in determining the abnormal return difference test for each event. The first finding was that the LQ45 stock market reacted positively since the confirmation of the Covid-19 outbreak in Wuhan, China, as investors did not consider this information bad news. Second, LQ45 shares have shown a decline since the first confirmed Covid-19 patients in Indonesia. Third, the announcement of a pandemic by the World Health Organization (WHO) continued until the Jakarta regional lockdown in April 2020 made LQ45 respond negatively. The market began to respond positively after the first vaccination in Indonesia in January 2021. Overall, the results show that the LQ45 stock market has responded quickly to the Covid-19 pandemic from the start events and responses vary over time depending on events during the pandemic. Investors tend to be quick to respond to any event so that stock movements are
Tadulako Social Science and Humaniora Journal, 2021
Penelitian ini bertujuan untuk menganalisis kinerja keuangan APBD Pemda Kab. Morowali. Permasalah... more Penelitian ini bertujuan untuk menganalisis kinerja keuangan APBD Pemda Kab. Morowali. Permasalahan yang dikemukakan dalam penelitian ini adalah bagaimana tingkat efektivitas PAD, tingkat aktivitas, dan tingkat pertumbuhan kinerja keuangan PAD, belanja rutin, dan belanja modal) Pemda Kab. Morowali. Untuk mengetahui permasalahan dalam penelitian ini digunakan alat analisis rasio kinerja keuangan yaitu; rasio efektivitas, rasio aktivitas, dan rasio pertumbuhan. Dari hasil analisis ditemukan bahwa PAD masih kurang efektif. Adapun tingkat aktifitasnya, alokasi belanja modal masih besar dibandingkan dengan belanja rutinnya. Sementara rasio tingkat pertumbuhanya, baik rasio pertumbuhan PAD, belanja rutin, dan belanja modal masih dikategorikan tidak berhasil. Kata Kunci : efektivitas, aktivitas dan pertumbuhan.
Jurnal Ilmu Manajemen Universitas Tadulako (JIMUT), 2016
The purpose of this study is to determine simultaneous and partial influence of dividend policy, ... more The purpose of this study is to determine simultaneous and partial influence of dividend policy, profitability, and growth of corporate assets on the value of companies in the Manufacturing industry listed on the Indonesia Stock Exchange. This research is a quantitative descriptive. Sample consists of 11 companies in manufacturing industry listed on Indonesia Stock Exchange with research period of 5 years starting from 2012 until 2016. The study uses panel data regression with fixed effect model. The result shows that dividend policy, profitability, and growth of company asset simultaneously have significant influence on company value with R square value of 0.9588 means that dividend policy, profitability, and growth of company asset is 95,88% and the rest of 4,12 % influenced by other variables that are not examined. Partially, dividend policy and growth of company asset have non- significant influence on company’s value while profitability has significant influence. Tujuan penelit...
Jurnal Ilmu Manajemen Universitas Tadulako (JIMUT), 2020
This study aims to determine the effect of dividend and leverage policy on firm value in manufact... more This study aims to determine the effect of dividend and leverage policy on firm value in manufacturing sector in the Indonesia Stock Exchange (IDX) with good corporate governance as moderating variable for the 2013-2017 period. The population in this study amounted to 130 companies. The research sample of 17 companies using purposive sampling techniques. The analytical tool used is panel data regression with moderate regression analysis (MRA). The results showed that dividend policy (DPR) and leverage (DER) simultaneously had positive and significant effect on firm value (Q). Partial testing shows that dividend policy and leverage have positive and significant effect on firm value. Whereas GCG (KM) as moderating weakens the relationship between dividend policy on firm value and leverage on firm value. Penelitian ini bertujuan untuk mengetahui Pengaruh Kebijakan Dividen dan Leverage Terhadap Nilai Perusahaan Pada Sektor Manufaktur di Bursa Efek Indonesia (BEI) dengan Good Corporate...
Jurnal Ilmu Manajemen Universitas Tadulako (JIMUT), 2020
Sample in study consists of 11 companies that were selected by purposive sampling method. Data co... more Sample in study consists of 11 companies that were selected by purposive sampling method. Data collecting technique is documentary analysis using the data of annual reports of food and beverage companies listed on Indonesia Stock Exchange in 2010 – 2014. Method of data analysis uses panel data and multiple linear regressions with software Eviews version 7. The results show that six independent variables studied simultaneously influence the company value with sig. probability 0.000011 and F-count <0.05. The t-tests indicate that the Times Interest Earned Ratio, Long term- Debt to Equity Ratio, ROA, NPM and ROE have no significant influence on the company value: X2 = 0.2845, X3 = 0.1626, X4 = 0.0576, 0.2678 = X5, X6 = 0.6344, 0.05 ≥ α. Debt Ratio has significantinfluence on company value, with the value X1 = 0.0192 ≤ 0.05. R2 value is 0.483863 and simultaneously, six independent variables studied influence the dependent variable (the value of the company) of 48.38%, while the remai...
Jurnal Ilmu Manajemen Universitas Tadulako (JIMUT), 2016
The purpose of the research are 1) to find out and analyze simultaneous effect of working capital... more The purpose of the research are 1) to find out and analyze simultaneous effect of working capital consisting of quantitative working capital, qualitative working capital, and functional working capital on profitability at CV. IFMI Motor Kotaraya. 2) to find out and analyze the partial influence of quantitative working capital on rentability at CV. IFMI Motor Kotaraya. 3) to determine and analyze the partial effect of qualitative working capital on rentability at CV. IFMI Motor Kotaraya. 4) to determine and analyze partial effect of functional working capital on rentability at CV. IFMI Motor Kotaraya. Type of research is causal descriptive. Data analysis technique is path analysis. The results show that: 1) working capital of CV. IFMI Motor Kotaraya during 2012-2016 seen from the quantitative working capital and functional working capital has been decreased every year, while the qualitative working capital showed annual increase. 2) working capital consisting of quantitative working ...
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