Articles
<![CDATA[APLIKASI MODEL ARTIFICIAL NEURAL NETWORKS UNTUK STOCK FORECASTING DI PASAR MODAL INDONESIA ]]>
<![CDATA[Christian Herdinata]]>
<![CDATA[ Jurnal Keuangan dan Perbankan Vol 14, No 1 (2010): January 2010 ]]>
Publisher : <![CDATA[University of Merdeka Malang ]]>
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DOI: 10.26905/jkdp.v14i1.945
<![CDATA[This research showed the applicat ion of model Art if icial Neural Networks (ANN) orJaringan Syaraf Tiruan (JST) at the f ield of monetary science, especially for the applicat ion off inancial forecast ing. ANN or JST was a new alternat ive for the applicat ion of f inancialforecast ing.The purpose of this research was to know whether the stock index instantaneouslyand fully ref lect historical informat ion, in Indonesia Stock Exchange (IDX). The research usedcomparison between return of technical t rading rule based Art if icial Neural Networks (ANN)model and return of buy hold st rategy. The result showed that the weakness form ofef f icient market hypothesis was rejected in the Indonesian capital market . Expectat ion ofthis research was giving informat ion and securing the market perpet rators that st ill enabledto get abnormal of return by doing commerce in chnical through forecast ing of model Art ificial Neural Networks (ANN) or Jaringan Syaraf Tiruan ( JST).]]>
<![CDATA[KEPEMILIKAN MANAJERIAL DAN KEPEMILIKAN INSTITUSIONAL TERHADAP KEBIJAKAN LEVERAGE MELALUI PENDEKATAN KESEMPATAN BERTUMBUH DAN RISIKO PERUSAHAAN ]]>
<![CDATA[Cliff Kohardinata]]>;
<![CDATA[Christian Herdinata]]>
<![CDATA[ Jurnal Keuangan dan Perbankan Vol 17, No 3 (2013): September 2013 ]]>
Publisher : <![CDATA[University of Merdeka Malang ]]>
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DOI: 10.26905/jkdp.v17i3.754
<![CDATA[The main purpose of company was to increase companys value through increased prosperity of owner orshareholders. However, the management often had other objectives that caused conflicts of interest betweenmanagement and shareholders of the company, in which the conflict was referred to as Agency Problem (Jensen Meckling, 1976). To minimize the differences between the interests of owners and managers, the owner couldgive shares to managers or increased stock ownership by institutional in order to monitor managers. If theowner of the company wanted to reduce agency conflicts by increasing managerial ownership and institutionalownership, they will affect corporate leverage policy because managerial ownership and institutional ownershipcould reduce the financial risk that occurred from leverage. This study aimed to analyze the effect ofmanagerial ownership and institutional ownership on leverage policy. This study used the entire populationof companies listed in Indonesia Stock Exchange. Sampling was purposive sampling, and analytical techniquesused was ordinary least squares. The control variables were structure of assets, return on assets, financialdistress, asset utilization, asset growth. Furthermore, this paper considered growth opportunities and risksof the company. This study found that managers considered risk factors more than growth opportunities, andthe institutional shareholders considered growth opportunities more than company risk]]>
<![CDATA[Asset Utilization and Company Performance ]]>
<![CDATA[Christian Herdinata]]>
<![CDATA[ Jurnal Bisnis dan Keuangan Vol 4 No 1 (2019): Business and Finance Journal ]]>
Publisher : <![CDATA[UNUSA Press ]]>
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DOI: 10.33086/bfj.v4i1.1091
<![CDATA[This study examines the expropriation that occurs in asset utilization due to tunneling. This study aims to examine the effect of asset utilization on company performance. This study used a sample of 130 companies in Indonesia to examine the effect of asset utilization on company performance. This research uses simultaneous equation model with Three-Stage Least Square tech- nique. The results showed that asset utilization has a positive and significant effect on company performance. The result of the research shows that asset utilization which is managed and well controlled has influence to improve company performance.]]>
<![CDATA[PENGARUH REGULASI DAN KOLABORASI TERHADAP LITERASI KEUANGAN DALAM UPAYA PENERAPAN FINANCIAL TECHNOLOGY PADA USAHA KECIL DAN MENENGAH ]]>
<![CDATA[Christian Herdinata]]>;
<![CDATA[Cliff Kohardinata]]>
<![CDATA[ Jurnal Bisnis dan Keuangan Vol 4 No 2 (2019): Business and Finance Journal ]]>
Publisher : <![CDATA[UNUSA Press ]]>
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DOI: 10.33086/bfj.v4i2.1358
<![CDATA[Financial Technology (Fintech) telah memberikan akses kepada banyak pihak yang tidak memiliki rekening bank untuk masuk ke sektor usaha formal. Penerapan Fintech terbukti mampu membuka akses yang lebih besar terhadap layanan jasa keuangan formal, mendorong pertumbuhan ekonomi, serta pembangunan inklusif dan berkelanjutan. Untuk mendukung penerapan Fintech di Indonesia, maka tujuan penelitian ini adalah mengetahui pengaruh regulasi dan kolaborasi terhadap literasi keuangan pada usaha kecil dan menengah di Jawa Timur - Indonesia. Penelitian ini dilakukan melalui pendekatan kuantitatif dengan menggunakan teknik analisis regresi berganda. Hasil dari penelitian ini yaitu regulasi dan kolaborasi berpengaruh signifikan terhadap literasi keuangan. Maka dari itu, penelitian ini dapat membantu banyak pihak yaitu pemerintah, pengusaha, dan konsumen dalam memberikan pemahaman secara lengkap dan menyeluruh berkaitan dengan literasi keuangan pada usaha kecil dan menengah berkaitan penerapan financial technology.]]>
<![CDATA[THE EFFECT OF INNOVATION PRODUCT AND HALAL LABELIZATION ON BUYING REPURCHASE SPECIAL FOOD IN BLITAR CITY ]]>
<![CDATA[Liestya Padmawidjaja]]>;
<![CDATA[Rama Septriduta Surya Negara]]>;
<![CDATA[Christian Herdinata]]>
<![CDATA[ Jurnal Bisnis dan Keuangan Vol 6 No 2 (2021): Business and Finance Journal ]]>
Publisher : <![CDATA[UNUSA Press ]]>
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DOI: 10.33086/bfj.v6i2.2126
<![CDATA[Increased growth of food and beverage businesses that grow above the Gross Domestic Product (GDP) in the Blitar City area from year to year. Making food and beverage business people must strive to maintain their competitive edge in order to maintain their business amid the many competitors that continue to emerge, especially in this study, namely the typical food product business of the City of Blitar Cang-Jo, Uceng Tho Siti, and Abon Lele Mekarsari. The purpose of this study was to determine and analyze the effect of product innovation and halal label on repurchase interest in Blitar City. The method used in this research is quantitative. The data analysis method used is multiple linear regression using SPSS software. with a research sample of 100 respondents obtained by the technique of calculating the number of indicators of all variables at times 10. Data collection was carried out using hypothesis testing and statistical tests. The results of this study are product innovation and halal labeling have a significant effect on repurchase special food in Blitar City.]]>
<![CDATA[ANALISIS KINERJA REKSADANA SAHAM ]]>
<![CDATA[Hermeindito Kaaro]]>
<![CDATA[ Journal of Management and Business Vol 6, No 2 (2007): SEPTEMBER 2007 ]]>
Publisher : <![CDATA[Department of Management - Faculty of Business and Economics. Universitas Surabaya. ]]>
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DOI: 10.24123/jmb.v6i2.109
<![CDATA[The issue of Indonesian mutual fund crisis in 2005 has not been resolved satisfactorily. Many investors may reluctant to invest in mutual fund market due to the lack of knowledge about the risk and return. Most mutual fund investors are quasi-investors who shift their assets class from less risky asset to risky assets. Hence, this study attempts to resolve the problem, especially in evaluating and analyzing mutual fund performance in Indonesia. The purposes of this study are a) to investigate whether mutual fund outperforms particular benchmarks (market return and risk free rate); b) to analyze both consistency and persistency of mutual fund performance. Sample of this study are 15 equity mutual funds, which provides data from January 2004 to December 2006. Jensen’s Alpha, Treynor and Sharpe indexes are used in this study to measure fund performance. Market adjusted models are used in measuring abnormal return. The t-test is used to test fund performance. This study employs coefficient concordance Kendall’s W to measure the consistency of fund performance. While, autoregressive distribution lag models are employed to analyze the persistency of fund performance. This study finds that fund performance outperforms the particular benchmarks significantly. This study also provides evidence, which supports the hypothesis that there are consistency and persistency of fund performances phenomena in Indonesia. The research results suggest investor’s redemption in mutual fund market in 2005 may not caused by worse fund performance or both inconsistence nor persistence in mutual fund performance, rather than it may caused by investor’s mental set and their lack of knowledge about risk and return.]]>
<![CDATA[THEORY OF JOB SATISFACTION AND JOB PERFORMANCE: TIME FOR A SECOND LOOK ]]>
<![CDATA[Hermeindito Kaaro]]>
<![CDATA[ Journal of Management and Business Vol 3, No 1 (2004): MARCH 2004 ]]>
Publisher : <![CDATA[Department of Management - Faculty of Business and Economics. Universitas Surabaya. ]]>
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DOI: 10.24123/jmb.v3i1.78
<![CDATA[Relationship between job satisfaction and job performance has been extensively searched in previous studies. However, bulk evidences show the correlation between the two is relatively low. This study attempts to refine the concepts of job satisfaction and job performance and proposes mechanism relationship between the two. The present model shows that mechanism between the two is not clearly matching pair. The concepts of job satisfaction more concerns on a set of jobs. The concepts of job performance, on the other hand, more concerns on a particular job. Some methodological problems also arise in empirical research. Both theoretical and methodological problems may lead such previous studies in searching relationship between job performance and job satisfaction has been trapped out of track. Hence, it should not be surprising that such empirical findings are relatively weak to improve this relationship. Some implications for further studies are discussed in this paper.]]>
<![CDATA[Upaya Peningkatan Kemampuan Investasi Bagi Tenaga Kerja Indonesia ]]>
<![CDATA[Christian Herdinata]]>
<![CDATA[ BUDIMAS : JURNAL PENGABDIAN MASYARAKAT Vol 4, No 2 (2022): BUDIMAS : VOL. 04 NO. 02, 2022 ]]>
Publisher : <![CDATA[LPPM ITB AAS Indonesia Surakarta ]]>
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DOI: 10.29040/budimas.v4i2.5507
<![CDATA[Tujuan dari pengabdian masyarakat ini agar para tenaga kerja Indonesia dapat memahami prinsip dari investasi, mengetahui bagaimana caranya berinvestasi, dan mampu dalam mengelola keuangan rumah tangga. Hal ini penting karena investasi diharapakan dapat memberikan return yang sesuai dan memiliki dampak bagi kesejahteraan khususnya bagi tenaga kerja Indonesia. Metode yang digunakan kepada para peserta pelatihan yaitu presentasi materi, tanya jawab dengan seluruh peserta, dan diskusi berdasarkan permasalahan riil yang dihadapi oleh peserta yang merupakan tenaga kerja Indonesia. Hal yang diperoleh yaitu mamahami konsep dasar investasi. Disisi lain, perlu mengetahui bagaimana caranya berinvestasi dengan memahami instrumen investasi berdasarkan profil tingkat risiko dan tingkat keuntungan. Selain itu juga dapat melakukan financial check up untuk dapat mengetahui kesesuaian tujuan keuangan yang direncanakan, anggaran yang dibuat, pelaksanaan eksekusi yang dilakukan, komitmen dalam pelaksanaan, evaluasi dan review yang dilakukan, sehingga keuangan keluarga dapat diatur dengan tepat dan benar. Kata kunci: investasi, financial check up, risk, return]]>
<![CDATA[Analisis Kepemilikan Institusional Tinggi Dan Rendah Terhadap Kinerja Perusahaan Di Indonesia ]]>
<![CDATA[Christian Herdinata]]>
<![CDATA[ BIP's JURNAL BISNIS PERSPEKTIF Vol 8 No 1 (2016): Januari ]]>
Publisher : <![CDATA[Fakultas Ekonomi Universitas Katolik Darma Cendika ]]>
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DOI: 10.37477/bip.v8i1.31
<![CDATA[This study examined based on data of companies in Indonesia about the relationship between institutional ownership and corporate performance. In particular, institutional ownership will be distinguished by a high institutional ownership and low institutional ownership in order to determine the specific impact of institutional ownership on the performance of companies in Indonesia. Data were analyzed using different test mean with a sample of 136 companies. This study shows that a high institutional ownership gives a higher impact on the performance of the company compared with a low institutional ownership. Therefore, it reinforces the finding that high institutional ownership impacts in its monitoring compared to low ownership and corporate performance.]]>
<![CDATA[Pengendalian Tunneling Dalam Asset Utilization: Sebuah Tinjauan Teoritis ]]>
<![CDATA[Christian Herdinata]]>
<![CDATA[ BIP's JURNAL BISNIS PERSPEKTIF Vol 10 No 2 (2018): Juli ]]>
Publisher : <![CDATA[Fakultas Ekonomi Universitas Katolik Darma Cendika ]]>
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DOI: 10.37477/bip.v10i2.57
<![CDATA[Johnson et al. (2000) define tunneling as the transfer of resources out of the company for the benefit of controlling shareholders. This study will focus on institutional ownership and debt policy which will be further investigated as a control mechanism that occurs in asset utilization and has an impact on company performance. The results of the theoretical review of this study, namely institutional ownership and debt policy can control tunneling in asset utilization. Control mechanisms through institutional ownership of company performance can occur because institutional shareholders are very interested in company performance because a large portion of institutional shareholders' wealth is directly related to the company's wealth. The control is relevant to the owner because it is related to wealth that is tied to the company it owns, so that through increasing the proportion of institutional ownership it can reduce agency costs that arise, especially in the case of asset utilization of the company through supervision carried out. The control mechanism through debt policy on company performance can occur because the debt policy is carried out by the owner by transferring it to the banks or creditors to conduct supervision so as to maximize the performance of the company. The control becomes relevant because it is related to funds lent by banks or creditors to the company so that the company is expected to be able to pay interest and principal loans when due.]]>
