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LOAN-TO-VALUE POLICY AND PROPERTY LOANS RISK IN CONVENTIONAL COMMERCIAL BANKS OF INDONESIA Sasikirono, Nugroho; Sumanto, Syelma; Sudana, I Made; Meidiaswati, Harlina
INTERNATIONAL RESEARCH JOURNAL OF BUSINESS STUDIES Vol 12, No 3 (2019): December 2019 - March 2020
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (158.401 KB)

This study aims to determine the effect of loan-to-value (LTV) policy on bank's property loan risk. This study utilizes a purposive sampling method and multiple linear regression analysis techniques. The number of samples in this study is 66 banks with 563 observations data. The results show that bank's property loan risk, which is proxied by the NPL ratio of property loans, is lower in the LTV tightening policy period than the easing period. We utilize some control variables in this study: inflation, gross domestic product growth, property loan growth, and bank size. Inflation, property loan growth, and bank size have a significant positive effect on non-performing loans, while gross domestic product growth has a significant negative effect.

Faktor fundamental dan perubahan deposito sebelum periode penjaminan dan pada saat penjaminan (Studi pada perbankan di Indonesia) Rani Widya Prihastuty; I Made Sudana
Jurnal Siasat Bisnis Vol. 20 No. 1 (2016)
Publisher : Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jsb.vol20.iss1.art5

Penelitian ini bertujuan untuk mengetahui pengaruh faktor fundamental bank terhadap perubahan deposito sebelum ada peraturan penjaminan deposito periode 1996-1997 dan pada saat diterapkannyaperaturan penjaminan penuh deposito periose 1999-2005. Sampel yang diteliti adalah bank komersial yang tetap beroperasi sejak 1996-2005. Penelitian ini menggunakan metode analisis regresi linier berganda. Variabel dalam penelitian ini adalah rasio CAMEL yang terdiri atas CAR, NPL, NIETA, ROA, dan CTA untuk mengukur faktor fundamental bank di Indonesia sebagai variabel independen, dan perubahan deposito sebagai variabel dependen. Hasil penelitian ini menunjukkan bahwa terdapat tiga variabel, yaitu NIETAyang memiliki pengaruh negatif signifikan terhadap perubahan deposito, sementara ROA dan CTA memiliki pengaruh positif signifikan terhadap perubahan deposito pada periode sebelum ada peraturan penjaminan. Sebaliknya, variabel CAR, ROA, dan CTA memiliki pengaruh positif tetapi tidak signifikan terhadap perubahan deposito berjangka, dan hanya NPL memiliki pengaruh negatif yang signifikan terhadap perubahan deposito berjangka pada saat diterapkannya peraturan penjaminan penuh.

Leverage Keuangan Dan Likuiditas Saham Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Jakarta I Made Sudana; Nurul Intan
Jurnal Manajemen Teori dan Terapan | Journal of Theory and Applied Management Vol. 1 No. 3 (2008): Jurnal Manajemen Teori dan Terapan - Desember 2008
Publisher : Universitas Airlangga

This research focus on the effect of financial leverage on stock liquidity, with control variables included stock risk, return on assets, market capitalization, volume, institutional ownership during 2003-2004. This research used 86 manufacture company that listing in Jakarta Stock Exchange. Analysis method use multivariate regression. The result of partial multivariate regression indicates that financial leverage as independent variable and control variables include stock risk, return on assets, market capitalization, volume, institutional ownership have positive impact on stock liquidity. Independent variable is financial leverage and control variables include return on assets, volume, institutional ownership have significant impact on stock liquidity, while other control variables such as stock risk and market capitalization have not significant impact on stock liquidity. Simultaneously, financial leverage, stock risk, return on assets, market capitalization, volume, institutional ownership have significant impact on stock liquidity.

Corporate Governance Dan Pengungkapan Corporate Social Responsibility Pada Perusahaan Go-Public Di Bursa Efek Indonesia I Made Sudana; Putu Ayu Arlindania
Jurnal Manajemen Teori dan Terapan | Journal of Theory and Applied Management Vol. 4 No. 1 (2011): Jurnal Manajemen Teori dan Terapan - April 2011
Publisher : Universitas Airlangga

This research investigates the influence of corporate governance toward corporate responsibility disclosure. This research using the proxy of women representation on board, existence of foreign nationalities on board, size of board of independent commissioner as the variable of corporate governance and size, ROE, DER as control variable. The corporate social responsibility disclosure include details of the environment, energy, employee health and safety, employee other, products, community involvement, and general. The sample of this research was extracted with purposive sampling method. The population is the companies listed at Indonesia Stock Exchange. The technique for examining hypothesis is multiple regression analysis. The results indicate that woman on board and DER have a negative non significant effect to corporate social responsibility disclosure. Existence of foreign nationalities on board, size of board of commissioner, size and ROE have a positive significant effect to corporate social responsibility disclosure.

Diversifikasi Investasi Saham: Perbandingan Risiko Total Portofolio Melalui Diversifikasi Domestik Dan Internasional Tyas Auruma S; I Made Sudana
Jurnal Manajemen Teori dan Terapan | Journal of Theory and Applied Management Vol. 6 No. 1 (2013)
Publisher : Universitas Airlangga

This study aims to obtain two empirical proofs, are about the difference of total portfolio risk between internationally diversification and domestically diversification, then, the influence of the number of shares in the portfolio toward the total risk of portfolio. The model analysis used in this study is the difference t test on average two independent sample groups and for effect estimation, using simple regression equation. There were 21 blue chips stocks( LQ45 Indonesia;DAX30 German;FTSE100 UK;DJA – USA) choosen randomly, and used as sampel for both of internationally diversification and domestically diversification within period beginning January until December 2011. The results show that there are a difference in the total risk of the portfolio which is generated through internationally diversification and domestically diversification .Total risk of portofolio internationally diversification is smaller than total risk of portfolio domestically diversification, and the number of shares in portfolio affect significant negative toward the total risk of portfolio.

Market Performance, Roe, Cash Flow Dan Keputusan Investasi Dengan Cash Holdings Sebagai Moderasi Pada Perusahaan Manufaktur Di Indonesia I Made Sudana; Heti Rachmawati
Jurnal Manajemen Teori dan Terapan | Journal of Theory and Applied Management Vol. 10 No. 1 (2017)
Publisher : Universitas Airlangga

This study aims to determine the effect of market perfomance, ROE, cash flow and investment decisions with cash holdings as a moderating in manufacturing company in Indonesia which is listed on the Stock Exchange from 2012 to 2015. This study took 112 manufacturing companies in Indonesia. Research methods band is used in this study using purposive sampling method. Dependent variable in this research is investment decisions were measured by capital expenditure. Independent variables in this study is the market performance measured by Tobin's q, return on equity, cash flow, while moderating variable in this study is cash holdings. The method used in this research is multiple linear regression analysis. The results of this study significantly show that market performance, cash flow positive influence on investment decisions, while ROE negative effect on investment decisions. The influence of of cash flow to capital expenditure is moderated by cash holding that indicated by significant negative influence.

Price Earnings Ratio dan Pendapatan Saham Perusahaan Non Keuangan di Bei I Made Sudana; Hilda Putri Maulidiyah
Jurnal Manajemen Teori dan Terapan | Journal of Theory and Applied Management Vol. 11 No. 2 (2018)
Publisher : Universitas Airlangga

This research aims to examine which ratio between PER, PEG, and PERG that can better predict the stock returns of the firms, in addition to analyze the effect of each that ratio onstock return. The research sample consist of 310 non-financial firms in IDX during the period of 2010-2016. In this study, multiple linear regression methods have been conducted to explain the effect of PER, PEG, and PERG with control variable SIZE, M/B, FLEV, and DPRon stock return. The results indicate that PERG can explain stock returns better than PER and PEG based on the higher value of R-square. Using 5% level of significance, M/B and FLEV had a significant effect, while PER, PEG, and PERG had no significant effect on stock return. Thestudy also showed a negative effect PER, PEG, PERG, SIZE, FLEV, and DPR as well as thepositive effect of M/B on stock returns.

Loan-to-Value Policy and Property Loans Risk in Conventional Commercial Banks of Indonesia Nugroho Sasikirono; Syelma Sumanto; I Made Sudana; Harlina Meidiaswati
INTERNATIONAL RESEARCH JOURNAL OF BUSINESS STUDIES Vol 12, No 3 (2019): December 2019 - March 2020
Publisher : Universitas Prasetiya Mulya

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

This study aims to determine the effect of loan-to-value (LTV) policy on bank's property loan risk. This study utilizes a purposive sampling method and multiple linear regression analysis techniques. The number of samples in this study is 66 banks with 563 observations data. The results show that bank's property loan risk, which is proxied by the NPL ratio of property loans, is lower in the LTV tightening policy period than the easing period. We utilize some control variables in this study: inflation, gross domestic product growth, property loan growth, and bank size. Inflation, property loan growth, and bank size have a significant positive effect on non-performing loans, while gross domestic product growth has a significant negative effect.Keywords:Loan-to-value policy, bank risk, property loan risks, non-performing loans, Indonesia.* Faculty of Economics and Business, Universitas Airlangga, **PT Mandiri Sekuritas *** Faculty of Economics, Kartini University https://doi.org/10.21632/irjbs.12.3.267-276

Chief Executive Officer (CEO) Power, CEO Keluarga, Dan Nilai IPO Premium Perusahaan Keluarga Di Indonesia I Made Sudana; Ni Putu Nina Aristina
Jurnal Akuntansi Vol. 21 No. 2 (2017): May 2017
Publisher : Fakultas Ekonomi dan Bisnis Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ja.v21i2.196

he development of family firms led to increase the funding requirement forexpansion. Family firms can obtain funds from capital market by doing initial publicoffering (IPO). The aims of this research is to know the influence of CEO power usingproxy of CEO voting right, CEO tenure, and CEO interlock on IPO premium, and theinfluence of family CEO on IPO premium. This research uses 65 samples of family firm inIndonesia during 2001-2014. The result of multiple regression showed that CEO votingright, CEO interlock, and family CEO are positive significantly affect IPO premium. Thisfinding reveal that when investors make investment decision on IPO’s firms, they willevaluate the quality of firm’s CEO. Also, the presence of family CEO increase investor’svaluation on company shares that increase IPO premium.

The effect of foreign ownership on stock return volatility, with government ownership as a moderator Nugroho Sasikirono; Mega Rizki Febriana; I made Sudana; Harlina Meidiaswati
Journal of Innovation in Business and Economics Vol. 4 No. 01 (2020): Journal of Innovation in Business and Economics
Publisher : Faculty of Economics and Business, University of Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jibe.v4i01.10177

This research aims to determine the relationship between foreign institutional ownership and the stock return volatility, as well as the moderating effect of the state-owned enterprises on this relationship. This study uses two proxies of return volatility, namely total and idiosyncratic volatility. The research sample was determined by the purposive sampling method and analysis was conducted by OLS and moderated regression analysis. The number of samples in this study was 181 companies with 342 observations of data for the period 2014-2018. The analysis shows that share ownership by foreign institutional investors has a significant negative effect on the total and idiosyncratic return volatility. Ownership of shares by the government in state-owned enterprises has a moderating effect on such a relationship. The control variables of trading turnover and book-to-market ratio show a significant effect on volatility. Meanwhile, other control variables, which include ownership by domestic institutional and individual investors and free float ratio, do not show the effect on both total and idiosyncratic volatility. Robustness checks by quantile regression come into the same results. The results indicated the important role of foreign investors in the Indonesian capital market in providing market stability and thus stimulating investment climate.

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