Articles
THE INFLUENCE OF INFLATION RATE, INTEREST RATE, AND MONEY SUPPLY ON SHARE PRICE LQ45
Gursida, Hari
Sinergi : Jurnal Ilmiah Ilmu Manajemen Vol. 8 No. 1 (2018)
Publisher : Economic and Bussiness Faculty, Dr Soetomo University
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DOI: 10.25139/sng.v8i1.667
The purpose of this study is to determine the influence of inflation rate, interest rate, and money supply on LQ45 stock price either partially or simultaneously. This research is a quantitative research that aims to test the hypothesis. Objects in this study are: inflation rate, interest rate, money supply, and stock price LQ45. The research period is 2010 to 2016. The data used is quantitative data from secondary sources. The method of analysis used is multiple linear regression with hypothesis testing using t test and F test. Based on the results of the study it can be concluded that: 1) the inflation rate does not affect the CSPI LQ45; 2) the interest rate does not affect the CSPI LQ45; 3) the money supply has a significant influence on CSPI LQ45; 4) Simultaneously, the inflation rate, interest rate and money supply have a significant influence on CSPI LQ45.
The Role of Work-Life Balance and Job Satisfaction as Predictors of Organizational Commitment
Nancy Yusnita;
Hari Gursida;
Erna Herlina
Jurnal Economia Vol 18, No 1: April 2022
Publisher : Faculty of Economics Universitas Negeri Yogyakarta in collaboration with the Institute for
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DOI: 10.21831/economia.v18i1.40236
AbstractMuch of the research on organizational commitment has generated findings that organizational commitment considers to predict individual performance. The purpose of the study is to examine the factors that affect organizational commitment, namely work-life balance and job satisfaction. The study was conducted at PT. PLN Indonesia, and mainly utilized quantitative data (from questionnaires). The sample for the study consisted of 210 permanent employees of PT. PLN. Path analysis was used to find out the relationship among variables. The results showed, there was a positive effect of job satisfaction on organizational commitment; a negative effect work-life balance on organizational commitment; a positive effect of work-life balance on job satisfaction; a positive effect of work-life balance on organizational commitment through job satisfaction. This study proposed some recommendations tostrong indicators that have a high contribution to the organizational commitment in order to improve employees' organizational commitment. Keywords: organizational commitment, job satisfaction, work-life balance, individual performancePeran Kesimbangan Pekerjaan – Kehidupan Pribadi dan Kepuasan Kerja sebagai Prediktor Komitmen terhadap Organisasi pada Perusahaan Publik AbstrakBanyak penelitian berkaitan dengan komitmen organisasi menunjukkan bahwa komitmen organisasi diyakini memprediksi kinerja individu. Tujuan dari penelitian ini adalah untuk mengkaji faktor-faktor yang mempengaruhi komitmen organisasi yaitu work-life balance dan kepuasan kerja. Penelitian dilakukan di PT. PLN Indonesia, dan menggunakan data kuantitatif (dari kuesioner). Sampel penelitian terdiri dari 210 karyawan tetap PT. PLN. Analisis jalur digunakan untuk mengetahui hubungan antar variabel. Hasil penelitian menunjukkan, terdapat pengaruh positif kepuasan kerja terhadap komitmen organisasi; pengaruh negatif work-life balance terhadap komitmen organisasi; pengaruh positif work-life balance terhadap kepuasan kerja; pengaruh positif work-life balance terhadap komitmen organisasi melalui kepuasan kerja. Penelitian ini mengusulkan beberapa rekomendasi indikator kuat yang memiliki kontribusi tinggi terhadap komitmen organisasi dalam rangka meningkatkan komitmen organisasi karyawan. Kata kunci: komitmen terhadap organisasi, kepuasan kerja, keseimbangan Pekerjaan-Kehidupan Pribadi, kinerja individu
Perbankan Syariah vs Perbankan Konvensional: Apa Perbedaan Kinerja Keuangan?
Hari Gursida
Jurnal Ilmiah Econosains Vol 15 No 1 (2017): Bahasa Indonesia
Publisher : Fakultas Ekonomi Universitas Negeri Jakarta
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DOI: 10.21009/econosains.0151.10
The purpose of this study was to describe and analyze differences in financial performance between the Islamic Banking and Conventional Banking in terms of Loan to Deposit Ratio (LDR), Non Performing Loan (NPL), Capital Adequacy Ratio (CAR), Return on Equity (ROE), Return on Assets (ROA), Cost Operations to Operating Income (BOPO). This study uses 12 Banks as sample, with sampling method using purposive sampling, and consists of 6 Islamic banks and 6 conventional banks.The analysis technique used is t-test. The results showed that there was a significant difference between financial performance between Sharia (Islamic) banking and conventional banking in terms of LDR, NPL, ROE, ROA and BOPO
The Influence of Liquidity, Solvency, and Exchange Rate to Company Profitability and It’s Implication to Stock Price at Mining Sector Company
Hari Gursida
JURNAL TERAPAN MANAJEMEN DAN BISNIS Vol 3, No 2 (2017): Volume 3 Number 2 (2017)
Publisher : STKIP Singkawang
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DOI: 10.26737/jtmb.v3i2.323
This study aims to determine the effect of Liquidity, Solvency, and Exchange Rates on Stock Price, either directly or indirectly through Profitability. This research uses descriptive quantitative approach by using mining sector company listed in BEI period 2011-2015 as its object. Sampling method used is purposive sampling, so there are 11 companies that meet the criteria as a sample. This research proxy liquidity variable with cash ratio, solvency with debt to asset ratio, exchange rate with rupiah exchange rate to USD, profitability with return on asset. The estimation method used in this research is Structual Equation Modeling to test the research hypothesis. Based on the results of research indicate that Cash Ratio, DAR, and Exchange Rate does not directly influence Stock Price, while ROA has direct effect on Stock Price. Cash Ratio, DAR, and Exchange Rate have a significant effect on Stock Price through ROA as moderating variable.
The Influence of Fundamental and Macroeconomic Analysis on Stock Price
Hari Gursida
JURNAL TERAPAN MANAJEMEN DAN BISNIS Vol 3, No 2 (2017): Volume 3 Number 2 (2017)
Publisher : STKIP Singkawang
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DOI: 10.26737/jtmb.v3i2.324
The purpose of this research is to analyze the effect of fundamental and macroeconomic analysis on stock price. The research was conducted at a coal company listed on the Indonesia Stock Exchange. Fundamental analysis measured by current ratio, debt to equity ratio (DER), earning per share (EPS), return on assets (ROA), and total assets turnover (TATO), while macroeconomic analysis is measured by inflation and exchange rate. Current ratio (CR) has a positive effect on Stock Price. Strengthening this level of liquidity can provide information to investors to decide to buy shares of companies that tend to be healthy and stable. Return on assets (ROA) has a positive and significant influence on stock price. Efforts to maximize the level of profitability by increasing the value of return on assets can provide information to investors that investments invested in the company will provide good profit. The impact of stock prices will rise. While debt to equity ratio (DER), earning per share (EPS) and total assets turnover (TATO) have no effect on Stock Price. Macroeconomic analysis shows: (a) Inflation rate has no effect on stock price of coal company. This can be because the inflation rate in Indonesia is at the level of 6% -7% per year and included in the category of mild inflation. Mild inflation resulted in very slow economic growth, not affecting stock prices. The exchange rate has a negative and significant effect on coal company stock price. If the Rupiah is depreciated then the stock price of the coal company will decrease.
ANALISIS KINERJA KEUANGAN TERHADAP RETURN SAHAM PADA PERUSAHAAN LQ 45 GO PUBLIC DI BURSA EFEK INDONESIA
Hari Gursida
MAGMA : JURNAL MAGISTER MANAJEMEN Vol 1, No 1 (2013): VOL 1 NO 1 TAHUN 2013
Publisher : Universitas Pakuan
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The purpose of this study is to analyze the financial performance of the company's stock return at LQ 45 go public in Indonesia Stock Exchange. Thecompany's financial performance is measured by using the Net Profit Margin(NPM), Total Assets Turnover (TATO), and Debt to Equity Ratio (DER). The population for this study is LQ 45 with a total sample of 20 companies.Collected data is processed using the technique of path analysis (path analysis). The results showed that the NPM has a direct positive influence on stockreturns with 41 path coefficient = 0.378 and 2.645 t NPM with significance ? of0.05, the significance of t ? Addressing NPM 37.8% effect on stock returns. Inthis study the effect on stock returns TATO has 41 beta coefficient = -0.001 witha significant level thitung TATO on stock return is -0.010 to 0.992 for ? so TATOhas no effect on stock returns. Based on the results of path coefficient analysis showed that DER directimpact negatively on the Stock Return with direct negative influence on 43path coefficient = -0.308. This means that if DER declining, stock returns willincrease.Keywords: Net Profit Margin (NPM), Total Assets Turnover (TATO), Debt to Equity Ratio (DER), and Stock Return
PENGARUH PROFITABILITAS DAN LEVERAGE TERHADAP HARGA SAHAM PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA
Hari Gursida
MAGMA : JURNAL MAGISTER MANAJEMEN Vol 3, No 1 (2015): VOL 1 NO 1 TAHUN 2015
Publisher : Universitas Pakuan
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ABSTRACTThis study aimed to analyze the effect of profitability and leverage to the price of property companies in Indonesia Stock Exchange 2011-2015 period. Samples in this study as many as nine companies. Sampling in this study using a purposive sampling. Data were analyzed using multiple linear regression analysis. The results show: Return on Investment is partially significant effect on stock prices. Where the higher the return on investment of a company's share price the company would be higher. Earning per Share significantly influence stock prices. Where the higher a company's earnings per share the company's share price will be higher. Debt to equity ratio and significant negative effect on stock prices. Where the results DER negatively affect the stock price. This suggests that the changes DER information can be obtained from the company's financial statements affect the decision of stock prices in the capital market.In simulation, Return on Investment, Earning Per Share and Debt to Equity Ratio simultaneously or together significantly positive effect on stock prices.Keywords: Profitability, Leverage and Stock Price
PENGARUH TINGKAT SUKU BUNGA BANK INDONESIA, KUPON OBLIGASI, WAKTU JATUH TEMPO OBLIGASI, DAN NET PROFIT MARGIN (NPM) EMITEN TERHADAP HARGA OBLIGASI YANG TERDAFTAR DI IBPA TAHUN 2012 – 2016
Firman Ferdian;
Hari Gursida;
Arief Tri Hardiyanto
MAGMA : JURNAL MAGISTER MANAJEMEN Vol 4, No 2 (2019): Edisi Desember
Publisher : Universitas Pakuan
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The purpose of this research is to examine the influence BI rate, maturity, coupon bond, and net profit margin (NPM) emiten to bond prices which are listed in Indonesia Bond Price Agency (IBPA). The population has been obtained by using purposive sampling on emisi which are listed in Indonesia Bond Price Agency in 2012 - 2016 periods and based on the predetermined criteria 49 emisi have been selected as samples. The analysis method has been done by using multiple linear regression analysis and the SPSS (Statistical Product And Service Solutions) 23. The result of partial test shows that (1) BI rate, and coupon bond give influence to the bond price. (2) There is influence between BI rate (X1) , coupon bond (X2), maturity (X3), and Net Profit Margin (NPM) Emiten (X4) together with bond prices.
PENGARUH KINERJA KEUANGAN TERHADAP PROYEKSI KEBANGKRUTAN PADA PERUSAHAAN SUB SEKTOR PERIKANAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2009-2016)
Lakonardi Nurraditya;
Hari Gursida;
Arief Tri Hardiyanto
MAGMA : JURNAL MAGISTER MANAJEMEN Vol 4, No 1 (2019): Edisi Mei
Publisher : Universitas Pakuan
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The purpose of this study is to determine and analyze the effect of financial performance on the projection of bankruptcy in the company of fishery sub-sector. This research was conducted by using secondary data of fishery sub-sector company period 2009-2016. In this study the amount of data taken is 5 companies for 8 years. The data analysis used multiple linear regression with the help of SPSS program. Liquidity there is no significant effect on the projection of bankruptcy. Profitability has no significant effect on bankruptcy projection. Solvency has no significant effect on bankruptcy projection. Activity there is significant influence to bankruptcy projection Together F test results can be known F value is positive marked 81.956 with a significance value of 0.000 0.05 thus this shows that the resulting regression equation is feasible to use, and liquidity factor, profitability , solvency and activity together have a significant positive effect on the projection of bankruptcy at companies listed in the stock exchange indonesia period 2009-2016.
Indonesian Case: Good Corporate Governance, Company Size, Taxes, and Transfer Pricing
Mamay Komarudin;
Hari Gursida;
Yohanes Indrayono
Journal of Business and Management Review Vol. 3 No. 12 (2022): (Issue-December)
Publisher : Profesional Muda Cendekia Publishing
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DOI: 10.47153/jbmr311.5022022
ge companies have tax deficiencies and will inevitably use more aggressive transfer pricing manipulations. GCG and company size can influence company decisions in making transfer pricing. This research is fundamental to developing a model and conceptual coding and causality of transfer pricing practices while testing the influence of motivational factors on transfer pricing. The problem in this study is that Good Corporate Governance (GCG) strengthens the effect of taxes on transfer pricing in multinational companies, and apakah of company size weakens the influence of taxes on transfer pricing in multinational companies. This type of research is explanatory research using data from 2010-2020. The type of data used in this study is secondary data in the form of financial statements of manufacturing companies published by the Indonesia Stock Exchange obtained from the IDX Fact Book and OJS. The population in this study, namely all multinational companies in the manufacturing and services sector listed on the KOMPAS 100 index on the Indonesia Stock Exchange (IDX), amounted to 100 companies. The sample was based on purposive sampling, so 48 companies were selected. The data collection technique in this study is documentation. This study used a simultaneous equation model for panel data analysis and the Granger causality test. Based on the results of the study, it can be concluded that 1) The role of GCG in strengthening the influence of taxes on transfer pricing is significantly indicated by the p-value test t variable moderation GCG *tax of 0.000 < 0.05; 2) The role of company size weakens the effect of taxes on transfer pricing significantly, indicated by the p-value test t variable moderation size *tax of 0.000 < 0.05.