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ANALISIS ECONOMIC EXPOSURE DAN DETERMINANNYA PADA PERUSAHAAN YANG LISTING DI BURSA ELEK JAKARTA (AGUSTUS 1997 - JUNI 2003) Hastuti, Fitri; Hady, Hamdy
JURNAL BISNIS STRATEGI Vol 13, No 1 (2004): Juli
Publisher : Magister Manajemen, Fakultas Ekonomika dan Bisnis Undip

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (2130.827 KB) | DOI: 10.14710/jbs.13.1.15-38

Abstract

The aim of this research is to examine the elasticity and the sign of economic exposure of listed companies in period sample and subperiod sample, and also to analyze the potential factors that determine the elasticity of economic exposure. To achieve those goals, we use two linear regression equations with Ordinary Least Square (OLS) method. The first regression called first stage regression use time series data from August 1997 until June 2003. The second one called second stage regression use cross section data of sample 35 companies. The first stage regression result shows the elasticity and the sign of economic exposure of 35 companies during sample period of August 1997 until June 2003 and also in 3 sub-period samples. The second stage regression shows that economic exposure elasticity is significantly influenced by firm size, the company's operational area, the percentage of asset in foreign currency relative to total asset, and the percentage of debt in foreign currency relative to total debt. While traded sector and source of financing don't influence economic exposure elasticity significantly.
ANALISIS FAKTOR-FAKTOR DETERMINASI KURS RUPIAH BERDASARKAN PENDEKATAN MONETER Hady, Hamdy
JURNAL BISNIS STRATEGI Vol 13, No 2 (2004): Desember
Publisher : Magister Manajemen, Fakultas Ekonomika dan Bisnis Undip

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1111.934 KB) | DOI: 10.14710/jbs.13.2.141-156

Abstract

Penelitian ini bertujuan untuk menguji keabsahan model moneter pada kasus Indonesia, untuk mengetahui apakah postulasinya memang terbukti pada nilai kurs Rupiah terhadap mata uang ketiga negara mitra dagang . Melihat berapa lama model tersebut dapat mengestimasi perubahan kurs Rupiah, apakah ia valid untuk jangka waktu lama atau hanya bersifat short-run saja. Hasil penelitian menunjukkan bahwa model moneter tidak dapat diandalkan sebagai estimator kurs karena hasil penelitian menunjukkan hanya ada 29. 63 % observasi yang bergerak sesuai dengan hipotesis pendekatan moneter. Artinya, kurs tidak mengalami depresiasi hanya karena money supply atau suku bunga suatu negara lebih tinggi daripada negara lain, juga tidak terapresiasi bila pendapatannya lebih besar daripada negara lain. Hipotesis model moneter tidak terbukti pada kasus rupiah terhadap US $, Yen dan Singapore $. Walapun ada 29, 63% kasus yang valid, usia validitasnya sangat pendek karena dari kasusyang valid ini, 55% diantaranya hanya berusia 2 sampai 3 tahun. Artinya, untuk long-run, model moneter sama sekali tidak berlaku. Untuk mata uang Jepang dan Singapura, validitas model moneter lebihterlihat pada awal periode observasi yaitu dari tahun 1987 sampai 1988 atau tidak lama sesudah devaluasi 1986. Sedangkan untuk dolar Amerika, validitas model moneter baru muncul pada tahun 1995 dan 1996 atau menjelang kerontokkan Rupiah. Dengan menggunakan money supply, pendapatan dan suku bunga sebagai penduga, dolar Singapura ternyata paling volatile karena koefisiennya berubah dengan magnitude yang besar dan tanda koefisiennya sangat tidak menentu. Ketidakpastian ini semakin memperlihatkan ketidakhandalan model moneter. Di antara ketiga variabel bebas, money supply adalah penjelas perubahan kurs yang terbaik, sedangkan suku bunga terbukti kurang berpengaruh, dan pendapatan adalah unsur yang tidak berperan. Namun tidak tertutup kemungkinan bahwa kecilnya pengaruh pendapatan dan suku bunga karena ada interaksi antara ketiga variabel bebas itu sendiri, sebab analisis menunjukkan ada korelasi erat antara mereka bertiga.
Analisis faktor-faktor yang mempengaruhi risiko likuiditas pada bank yang terdaftar di BEI Yumaita, Ria; Hady, Hamdy; Naluria, Febria
Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan Vol. 5 No. 2 (2022): Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan
Publisher : Departement Of Accounting, Indonesian Cooperative Institute, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (370.279 KB) | DOI: 10.32670/fairvalue.v5i2.1985

Abstract

This study to determine the factors that can effect liquidity risk. The sample used in this study is banking companies listed on the Indonesian Stock Exchange in the 2015-2020 research period. The independent variable in this study were capital adequacy ratio, loan risk, profitability, bank size, liquidity gap, inflation rate and growth domestic product, while dependent variable in this study is liquidity risk. The number of research samples were 39 banking companies using purposive sampling technique. Based on the result of panel regression, it shows that capital adequacy ratio, loan risk, bank size, liquidity gap have a positive effect on liquidity risk, meanwhile profitability, inflation rate and growth domestic product have no effect on liquidity risk. The finding of this study expected to be a reference for banking companies in increasing the size of low-lying banks by increasing the assets owned by banks so that they can be channelled, paying more attention to and managing their capital well and maintaining high loan growth.
Pengaruh good corporate governance, leverage, dan ukuran perusahaan terhadap kinerja perusahaan perbankan di Indonesia Haryanto, Ridhwan Lazuardi; Hady, Hamdy; Nalurita, Febria
Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan Vol. 5 No. 3 (2022): Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan
Publisher : Departement Of Accounting, Indonesian Cooperative Institute, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32670/fairvalue.v5i3.2422

Abstract

This study aims to determine the factors that affect firm’s performance. The samples used in this study were banking companies that registered on Indonesian Stock Exchange (IDX) during period 2016 – 2021. The independent variables in this study are board meetings, audit committee, managerial ownership, institutional ownership, leverage, and firm size. The dependent variable used in this study was firm’s performance that measured by ROE. 13 banking companies used in this study were selected using purposive sampling technique. The model used in this study is random effect model. The result show that board meetings and firm size have significant effect on firm’s performance, while audit committee, managerial ownership, institutional ownership, and leverage have no effect on firm’s performance. The results of this study are expected to provide input for financial managers and investors to be more considerate of board meeting frequency and company size, because these two factors can affect the firm’s performance.
Pengaruh Profitabilitas, Leverage, Likuiditas, Ukuran, Dividen Dan Struktur Aset Terhadap Nilai Perusahaan Industri Farmasi Endartono, Muhammad Fildza; Hady, Hamdy; Nalurita , Febria
Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan Vol. 5 No. 5 (2022): Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan
Publisher : Departement Of Accounting, Indonesian Cooperative Institute, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32670/fairvalue.v5i5.2740

Abstract

The purpose of this study is to specify the factors that influence firm value. This study uses a sample of manufacturing companies in the pharmaceutical sub-sector listed on the Indonesian Stock Exchange (IDX) for the 2015-2020 period. The independent variables in this study include profitability, leverage, liquidity, firm size, dividend policy and asset structure. The dependent variable of this research is firm value. There are a total sample of 8 manufacturing companies in the pharmaceutical sub-sector obtained using purposive sampling technique. The conclusion of this panel data regression study is that leverage, liquidity, dividend policy and asset structure have a significant negative effect on firm value, while profitability and firm size have no effect on firm value. Companies are advised to pay attention to leverage, liquidity, dividend policy and asset structure because they have a negative effect on firm value. The results of this study are expected to provide information to companies and potential investors to pay attention to leverage, dividend policy liquidity and asset structure because they affect firm value.
The Influence of Brand Image and Product Quality Towards Customer Satisfaction Among High School Students Using Xiaomi Brand Widodo, Arif Siaha; Hady, Hamdy; Muharam, Hari
International Journal of Law Policy and Governance Vol. 3 No. 1 (2024)
Publisher : Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54099/ijlpg.v3i1.901

Abstract

This research aims to test how big the influence of branding is on customer satisfaction. To test how much influence product quality has on customer satisfaction . To test how big the influence of brand and product quality is on customer satisfaction among high school students using Xiaomi brand smartphones in the city of South Tangerang. . The method approach used in this research is a quantitative approach. The population used in this research were S LTA students using Xiaomi brand smartphones in South Tangerang City. The sample consisted of 388 respondents. The sampling technique uses accidental sampling using the Slovin formula in determining the number of samples. Meanwhile, the data analysis method tests research instruments using validity tests, reliability tests. Data analysis techniques consist of descriptive analysis of respondent characteristics and SEM Lisrel analysis. The results of this research show that (1) Brand image has positive and significant effect on customer satisfaction (2) Product quality has positive and significant effect on customer satisfaction (3) Brand image and product quality simultaneously has positive and significant effect on customer satisfaction
Influence of Brand Image and Product Quality Towards Customer Loyalty Among High School Students Using Xiaomi Brand Smartphones in South Tangerang Widodo, Arif Siaha; Hady, Hamdy; Muharam, Hari
International Journal of Management and Business Applied Vol. 3 No. 1 (2024)
Publisher : Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54099/ijmba.v3i1.886

Abstract

This research aims to test how big the influence of branding is on customer loyalty. To test how much influence product quality has on customer loyalty. To test how much influence customer satisfaction has on customer loyalty. To test how big the influence of brand and product quality and customer satisfaction simultaneously on customer loyalty among high school students using Xiaomi brand smartphones in the city of South Tangerang. The method approach used in this research is a quantitative approach. The population used in this research were high school students who using Xiaomi brand smartphones in South Tangerang. The sample consisted of 388 respondents. The sampling technique uses accidental sampling using the Slovin formula in determining the number of samples. Meanwhile, the data analysis method tests research instruments using validity tests, reliability tests. Data analysis techniques consist of descriptive analysis of respondent characteristics and SEM Lisrel analysis. The results of this research show that brand image influences customer loyalty with positive and signifiant, product quality has positive and significant effect on customer loyalty, customer satisfaction has positive and significant effect on customer loyalty. Brand image, product quality and customer satisfaction simultaneously influence on customer loyalty with positive and significant.
THE DETERMINANTS AND IMPLEMENTATION OF RISK-BASED CAPITAL ON THE FINANCIAL PERFORMANCE OF INSURANCE COMPANIES IN INDONESIA Hery, Yaudil; Hady, Hamdy; Arsjah, Regina J.
UTSAHA: Journal of Entrepreneurship Vol. 2 Issue 3 (2023)
Publisher : jfpublisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56943/joe.v2i3.340

Abstract

The insurance company is one of the pillars in supporting economic growth. In Indonesia, insurance companies are required to report their solvency ratio to the government on a regular basis. Therefore, the objective of this research is to assess the effect of retention, investment assets, leverage, technical reserves and maturity mismatch on Risk Based Capital (RBC) and financial performance of insurance companies in Indonesia. This research is a quantitative approach using panel data regression method. The population of this research is companies in the insurance industrial sector in 2014-2018. The sample used in this research was 91 insurance companies. This research used secondary data obtained from financial reports published in print media and company websites during 2014-2018. The results of this research indicate that retention and investment assets have a positive effect on risk-based capital (RBC) and the financial performance of insurance companies. While leverage has no effect on risk-based capital (RBC) or financial performance of insurance companies. On the other hand, the technical reserve variable only affects the financial performance of insurance companies but has no effect on the company’s risk-based capital. In addition, the maturity mismatch variable indicates a negative effect on risk-based capital but has no effect on the financial performance of insurance companies. Meanwhile, risk-based capital affects the financial performance of insurance in Indonesia.
The Influence of Governance Characteristics and Enterprise Risk Management on Intellectual Capital in Banking in Indonesia Rohayati, Rohayati; Hady, Hamdy; Nalurita, Febria
Gema Wiralodra Vol. 15 No. 2 (2024): Gema Wiralodra
Publisher : Universitas Wiralodra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31943/gw.v15i2.712

Abstract

Intellectual capital (IC) is a crucial driver of developing knowledge-based economic value for an organization, such as a bank. With intellectual capital, company can generate knowledge-based economic value as a source of competitive advantage, influencing innovation and value for stakeholders. This research aims to analyze and explain the influence of governance characteristics and enterprise risk management on intellectual capital in banking in Indonesia. The independent variables are audit committee, board independence, institutional ownership, enterprise risk management, return on assets, leverage and corporate social responsibility as well as the dependent variable intellectual capital. The data used in this research is secondary data sourced from the annual reports of banking companies listed on the Indonesia Stock Exchange (BEI) during the period 2018 to 2022. The research sample was selected using a purposive sampling method so that 42 companies were sampled. The data analysis used to test the hypothesis is multiple regression analysis using e-views 9. The research results show that the audit committee has a positive effect, board independence has a negative effect, institutional ownership has a negative effect, enterprise risk management has no effect, return on assets has an effect positively, leverage has no effect, and corporate social responsibility has a negative effect on intellectual capital. Implications of this research to understand how bank managers affect intellectual capital, this study examines a variety of factors, including audit committee, board independence, institutional ownership, enterprise risk management, return on assets, leverage and corporate social responsibility. It suggests that managers should focus on enhancing their intellectual capital to make informed investment decisions and effectively manage their bank's resources, thereby enhancing their investment performance.
Pengaruh Struktur Modal Berdasarkan Profitabilitas, Pertumbuhan Aset, dan Ukuran Perusahaan pada Perusahaan Manufaktur Dwijayanti, Nita; Hady, Hamdy; Elfiswandi
Jurnal Informatika Ekonomi Bisnis Vol. 1, No. 4 (December 2019)
Publisher : SAFE-Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (268.046 KB) | DOI: 10.37034/infeb.v1i4.6

Abstract

This study aims to measure the level of influence of profitability, asset growth, and company size on changes in capital structure in manufacturing companies. The method used for sample determination is purposive sampling with analytical methods using descriptive statistics, classic assumption tests and multiple panel data regression. The data tested in the study were 112 companies in the basic and chemical industry sectors, consumer goods, and the textile and garment sub-sector listed on the Indonesia Stock Exchange (IDX). The results showed that partially profitability had a negative and significant effect on capital structure, while asset growth had a positive and significant effect. Then the company must be able to choose the right combination of financing sources in order to be able to produce optimal profits.