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THE EFFECT OF MEMBER EMPOWERMENT PROGRAM ON THE WELFARE OF THE CREDIT UNION MEMBERS IN EAST JAVA Nekhasius Agus Sunarjanto; Cicilia Erna Susilawati; Elisabeth Supriharyanti
KINERJA Vol. 24 No. 2 (2020): KINERJA
Publisher : Faculty of Business and Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/kinerja.v24i2.3137

Abstract

This study focuses on the institutions in the form of credit unions that provide credit loans to micro-businesses. The sample of this study consisted of 102 members of 15 different credit co-operatives in East Java as the research participants. The research objective of this study was to determine the effect of empowerment programs on the welfare of the members. The empowerment programs were divided into (1) educational, (2) training, (3) savings and loan, and (4) network development programs. The results showed that the empowerment programs through education and training programs had a significantly positive effect on increasing the welfare of the members, while the savings and loan programs as well as the network building program did not significantly affect the welfare of the members. This was possible because members who already had networks and received funding assistance would not succeed without good education and training programs. The research was expected to contribute academically in the development of savings and loan co-operative unions (CUs) and provide a foundation and solution for all CU administrators in developing the CUs, especially in improving the welfare of their members.Keywords: Credit Union, member empowerment, and member welfare
Penguatan Kelembagaan Credit Union Melalui Perencanaan Keuangan Cicilia Erna Susilawati; Nekhasius Agus Sunarjanto; Herlina Yoka Roida; Cyrillius Martono; Erick Teofilus Gunawan
PeKA: Jurnal Pengabdian Kepada Masyarakat Vol 4, No 2 (2021): Desember
Publisher : LPPM, Universitas Katolik Widya Mandala Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (323.825 KB) | DOI: 10.33508/peka.v4i2.3559

Abstract

Financial planning is an important part in improving Credit Union (CU) institutions, especially for management. CU as an institution engaged in community empowerment must understand and develop its management with good financial planning. So that it can carry out the empowerment of members properly and correctly. The implementation of ABDIMAS has a positive impact on the management. Hopefully the impact of this training does not stop at the management but extends to members and the wider community
Perencanaan Kesejahteraan Hari Tua pada Warga Kelurahan Semolowaru Kecamatan Sukolilo Surabaya Ani Suhartatik; C. Erna Susilawati; Arini Arini; Ninuk Muljani; Tuty Lindawati; P. Julius F. Nagel; Shanti Shanti
PeKA: Jurnal Pengabdian Kepada Masyarakat Vol 4, No 1 (2021): Juni
Publisher : LPPM, Universitas Katolik Widya Mandala Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (240.989 KB) | DOI: 10.33508/peka.v4i1.3296

Abstract

This Abdimas activity aims to provide insight to the residents of Semolowaru Village, Sukolilo District, Surabaya on the importance of financial management for retirement planning. The target of this activity is 40 residents of Semolowaru Village who are members of Pemberdayaan dan Kesejahteraan Keluarga (PKK) Rukun Warga 03, Semolowaru Village, Surabaya. The implementation of this Abdimas activity uses discourse, discussion, practice, and simulation to prepare a family revenue and expense budget. The members of PKK Rukun Warga 03, Semolowaru Village, Surabaya are given the opportunity to practice their abilities, for example completing tasks and exercises in financial planning for the welfare of pension time, checking the financial health of the family with the Financial Health Check-up website program.
Financial Behavior Sebagai Moderasi Pengaruh Financial Knowledge dan Financial Attitude Terhadap Financial Distress pada Generasi Milenial Cicilia Erna Susilawati; Vania Dewi Sugiarto
J-MAS (Jurnal Manajemen dan Sains) Vol 6, No 2 (2021): Oktober
Publisher : Universitas Batanghari

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33087/jmas.v6i2.295

Abstract

Millennials is very familiar with technology that makes it easier for them to access information and to do many things easily. However, this often makes the millennial generation less careful in managing finances, and causes financial problems. The study wanted to find out how the influence of financial knowledge and financial attitude on financial distress through financial behavior in the millennial generation. Data was collected using a questionnaire for millennial generation respondents who already have their own income. Data analysis using path analysis. The results show that financial knowledge does not directly affect financial distress, but financial knowledge has an effect on financial distress through financial behavior. This indicates that financial knowledge does not guarantee that millennials will avoid financial distress, if this knowledge is not applied in financial behavior. The results also show that financial attitude affects financial distress either directly or through financial behavior.
Asymmetric Information: Tinjauan Berdasarkan Rekomendasi Analis Sekuritas dan Revisi Earning Forecast Cicilia Erna Susilawati
Ekonomis: Journal of Economics and Business Vol 4, No 1 (2020): Maret
Publisher : Universitas Batanghari Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (597.314 KB) | DOI: 10.33087/ekonomis.v4i1.128

Abstract

Trading in the stock market occur due to differences in opinion on the expected value of the securities. In the other side, asymmetric information between investors and companies caused the stock price does not reflect the real price. So, asymmetric information should be reduced. Information by securities analysts is an information that is expected to reduce that. This study investigates the performance of securities analysts through its role in reducing asymmetric information. This is motivated by some previous studies that stated that the Indonesian capital market is inefficient, because high levels of asymmetric information. Analysts is considered as inform market participant who can reduce the asymmetric information so as to make capital market to be efficient. The role of securities analysts is seen through the product. There are stock recommendation and earnings forecast revision. Testing the consistency of the analyst's stock recommendations and earnings forecast revision before testing their impact on asymmetric information. The results showed that output in the form of stock securities analysts and earnings forecast recommendation are consistent but has not been able to reduce the asymmetry of information that occurs between investors and companies.
KOMPETENSI IBU DALAM PENDIDIKAN LITERASI KEUANGAN ANAK SEJAK DINI Di KELURAHAN SEMOLOWARU SURABAYA Ani Suhartatik; Cicilia Erna Susilawati; Arini Arini; Shanti Shanti
PeKA: Jurnal Pengabdian Kepada Masyarakat Vol 5, No 1 (2022): Juni
Publisher : LPPM, Universitas Katolik Widya Mandala Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33508/peka.v5i1.3740

Abstract

This community service aims to provide insight to the residents of Semolowaru Village surabaya on the importance of increasing maternal competence in children's financial literacy from an early age The method of devotion applied in the form of 1) discussion and sharing of semolowa village mothers with the hope of this activity mothers get insight knowledge about financial management in accordance with the stages of child development, 2) training in the development of literacy learning methods for children. This training is expected to modify according to the characteristics of children so that children are able to apply financial management according to their age and development. Results from the implementation of activities are monitored and evaluated based on the results of questionnaires. The questionnaire was compiled by Tim Abdimas to be filled out by 20 participants whose results showed that 80% of the mothers of abdimas activity participants were able to absorb the concepts of financial management for children submitted by the abdimas team and were able to implement them to their children. This shows that in general, abdimas activities have a real impact on increasing the mother's knowledge about financial management for children
RELEVANSI NILAI PENGUNGKAPAN MODAL INTELEKTUAL SECARA VOLUNTARY DAN INVOLUNTARY (THE VALUE RELEVANCE OF INTELLECTUAL CAPITAL VOLUNTARY AND INVOLUNTARY DISCLOSURES) Rachmawati, Dyna; Susilawati, C. Erna
Jurnal Akuntansi dan Keuangan Indonesia Vol. 15, No. 2
Publisher : UI Scholars Hub

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The main purpose of this study is to examine the value relevance of intellectual capital dis-closures voluntary and involuntary. Previous studies use annual reports as main source to determine intellectual capital disclosures voluntary. Annual report is less reliable, unobjec­tive and contain advertorial. This study seeks for alternative sources to identify intellectual capital disclosures. To determine intellectual capital disclosures voluntary (involuntary), we use website (online business media). This study uses companies in Kompas 100 during Janu­ary – December 2017 as research samples. Intellectual capital disclosures measured by con­tent analysis method. The results show that intellectual capital disclosures both voluntary and involuntary have value relevance. The main contribution of this study is an alternative source to collect data on intellectual capital disclosures.
Analisis Stock Split Berdasarkan Ukuran Perusahaan dan Market to Book Ratio Saham di Bursa Efek Indonesia Cicilia Erna Susilawati; Rita Soehartono; Cyrillius Martono
J-MAS (Jurnal Manajemen dan Sains) Vol 7, No 2 (2022): Oktober
Publisher : Universitas Batanghari

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33087/jmas.v7i2.753

Abstract

A stock split is a corporate action aimed at increasing trading liquidity. Where is carried out when the stock price is overvalued and reduces the ability of investors to buy the stock. The announcement of the stock split contains information that will be responded positively by investors. Company size and market to book ratio are company characteristics that can have an impact on investor response. Therefore, this study aims to analyze the difference in abnormal returns before and after the stock split by considering the size of the company and the market to book ratio. The research sample is a company that did a stock split in 2005-2019 with a total sample of 117 stocks. The results show that there is no difference in abnormal returns before and after the announcement of the stock split in companies with large and small sizes. However, there are differences in abnormal returns in medium-sized companies. Meanwhile, based on the market to book ratio, both companies with high and low market to book ratios have differences in abnormal returns before and after the announcement of the stock split.
NILAI INTELLECTUAL CAPITAL PADA PERUSAHAAN-PERUSAHAAN DI INDONESIA Dyna Rachmawati; C. Erna Susilawati
Media Riset Bisnis & Manajemen Vol. 8 No. 1 (2008): Media Riset Bisnis & Manajemen
Publisher : Universitas Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1807.959 KB) | DOI: 10.25105/mrbm.v8i1.654

Abstract

Intellectual Capital (IC) is an intangible asset, as a hidden value, needed by company to explore the company's competitive advantages. This study tried to identify IC as one of company's resources to generate earnings. We propose 5 valuation models to identify IC role as one of firm value from price and earnings.There are 3 hypotheses that have been proposed in this study. The first hypothesis is proved by valuation model 1-4. The result shows that IC has influenced significantly to share price. The second and third hypothesis has failed to accept. We use valuation model 5 to prove these hypotheses. Those are implied that IC has not been used optimally to generate earnings.This study concludes that companies in Indonesia have not yet have the capabilities to innovate and creativity in order to generate eamings. Companies in Indonesia are more tangible insentive rather than intangible insentive.Keywords: Intellectual capital, Share price, Earnings
VOLUME PERDAGANGAN DAN PERUBAHAN HARGA SAHAM : ANALISIS BERDASARKAN JENIS INFORMASI C. Erna Susilawati
Media Riset Bisnis & Manajemen Vol. 8 No. 2 (2008): Media Riset Bisnis & Manajemen
Publisher : Universitas Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1173.893 KB) | DOI: 10.25105/mrbm.v8i2.1065

Abstract

Stock trading exists because there is a difference between trader's opinions about expected value and security which is generating by same information. Traders opinion and expectation are reflected in trade volume. Trade volume can be classified in two components, i.e. trade frequency and transaction volume. The purpose of the study is to analyze the impact of trade frequency and transactions volume through stock price change. The study also discusses the impact of public and private information through transaction frequency and transactions volume. We use 45 stocks from 15 industries which classified to 3 (three) types of portfolios according to each market capitalization. The results of this study shows that trade frequency have significant impact to stock price change and neither to transactions volume. This mean tharbade frequency have information (private information). It can be concluded that each trader in Indonesian Stock Exchange (IDX) hase relative same information about public information but not to that of private information.Keywords: Trade frequency, transaction volume, public information, private information.