Claim Missing Document
Check
Articles

Found 38 Documents
Search

Peran Managerial Ability dalam Memoderasi Hubungan antara Research & Development Intensity dan Kinerja Perusahaan Sektor Manufaktur di Bursa Efek Indonesia Oktavia, Maharani; Rahim, Rida; Adrianto, Fajri
Journal of Accounting and Finance Management Vol. 6 No. 4 (2025): Journal of Accounting and Finance Management (September - October 2025)
Publisher : DINASTI RESEARCH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/jafm.v6i4.2451

Abstract

Penelitian ini bertujuan menganalisis pengaruh Research & Development (R&D) Intensity dan Managerial Ability terhadap kinerja perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode 2020–2024, serta menguji peran Managerial Ability sebagai variabel moderasi. Variabel kontrol yang digunakan meliputi leverage, firm size, dan firm age untuk memberikan gambaran lebih komprehensif. Sampel penelitian ditentukan melalui purposive sampling, dengan metode analisis regresi data panel random effect model menggunakan aplikasi Stata. Kinerja keuangan diproksikan melalui Return on Assets (ROA). Hasil penelitian menunjukkan bahwa R&D Intensity berpengaruh positif signifikan terhadap kinerja perusahaan, yang menegaskan pentingnya investasi penelitian dan pengembangan dalam meningkatkan efisiensi operasional serta daya saing. Selain itu, Managerial Ability juga berpengaruh positif signifikan terhadap kinerja, sejalan dengan teori Upper Echelons yang menekankan peran kemampuan manajerial tingkat atas dalam menentukan arah strategis perusahaan. Namun, peran Managerial Ability sebagai variabel moderasi tidak terbukti signifikan. Temuan ini mengindikasikan bahwa pengaruh R&D Intensity terhadap kinerja perusahaan bersifat langsung, tanpa dipengaruhi oleh variasi kemampuan manajerial.
Strengthening the Capacity of Soetan Island Tourism Actors through Digitalization of Android Application-Based Tourism Services Rivai, Harif Amali; Putra, Rahmat Eka; Syafrizal, Syafrizal; Adrianto, Fajri; Handika, Rebi Fara; Meidilisa, Velia; Wahyudi, Wahyudi
Warta Pengabdian Andalas Vol 32 No 3 (2025)
Publisher : Lembaga Penelitian dan Pengabdian kepada Masyarakat (LPPM) Universitas Andalas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25077/jwa.32.3.335-342.2025

Abstract

This community service activity aims to support the development of digital-based tourism on Soetan Island, Pesisir Selatan Regency, by integrating tourism operators into an Android application. The application is designed as a transaction platform for booking tour packages offered by local operators, covering key destinations in the Mandeh Island area, particularly Soetan Island. Tourists can easily select and book various available tour packages, thereby expanding access and enhancing the region's tourism appeal. To support the implementation of this technology, a series of outreach and awareness-raising activities were conducted in stages with tourism operators. These activities aimed to provide a deeper understanding of the importance of digital information technology in managing and promoting tourism businesses. The methods used included a participatory approach through training, focus group discussions (FGDs), and direct technical assistance in using the application. The results of this activity were the development of an Android-based Soetan Island tourism application accessible to tourists, as well as increased understanding and readiness of local business operators to utilize digital technology as a strategic tool in tourism business development. This activity is expected to be the first step towards an inclusive and sustainable digital tourism ecosystem in the coastal areas of West Sumatra model.
Determinants of Long-Term Performance of Initial Public Offering: Evidence from Indonesia Stock Exchange Eka Yuyan, Febby; Adrianto, Fajri; Hamidi, Masyhuri
Journal of World Science Vol. 1 No. 10 (2022): Journal of World Science
Publisher : Riviera Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58344/jws.v1i10.111

Abstract

Introduction: Companies conducting initial public offerings have two main anomalies in stock exchanges around the world, namely underpricing (short-term performance) and poor long-term performance (poor long-run term performance). One of the factors that can provide information on the performance of an initial public offering company is the initiation of dividends, the age of the company, and the reputation of the underwriter. The purpose of this study is to analyze the long-term performance of Indonesian IPOs made during the period from 2012 to 2018. Method: This type of research is quantitative research, and the type of data used is secondary data. The population in this study are all initial public offering companies listed from 2012 to 2018. The sampling technique is non-probability sampling. The data analysis technique used SPSS 24. Result: IPO companies that experienced a positive initial return of 78% consisting of 139 companies, this was an advantage for investors while underpricing for the company while experiencing a negative initial return of 22% consisting of 40 companies. The initiation dividend has a coefficient (B) of -0.023 and a significant value of 0.349, indicating that the initiation dividend has a negative and insignificant effect on the long-term stock performance of IPO companies. The variable age of the company has a coefficient value (B) of 0.001 with a significance value of 0.049 which means that the age of the company has a positive and significant effect on buy and hold abnormal returns. The results of testing the influence of underwriter reputation1, underwriter reputation2, underwriter3 reputation, and underwriter reputation4 have no significant effect on the long-term stock performance of IPO companies. Conclusion: In general, the results of the long-term performance of IPOs in Indonesia from 2012 to 2018 during the three years after the IPO found negative abnormal results.  
The Influence of Environmental, Social, and Governance Performance Disclosure on Stock Performance Novia, Novia; Adrianto, Fajri; Geraldina, Ira
Journal of World Science Vol. 3 No. 1 (2024): Journal Of World Science
Publisher : Riviera Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58344/jws.v3i1.529

Abstract

This research aims to evaluate the effect of environmental, social, and governance (ESG) performance disclosure on the stock performance of companies listed on the Indonesia Stock Exchange (BEI) during the 2018-2022 period, using the price earning ratio (PER) as an indicator of stock performance. The research population includes companies listed on the IDX with ESG scores from the Thomson Reuters Eikon Database during the period studied. The research sample of 190 companies was selected using a purposive sampling technique. The data analysis method used is Panel Data Regression Analysis with the help of STATA 14 for Windows software. The research results show that environmental performance partially has a positive and significant influence on stock performance, while social and governance performance has no significant influence. Simultaneously, environmental, social, and governance performance variables influence the company's stock performance. This research implies that companies on the IDX can improve their stock performance by paying attention to environmental performance aspects. Even though social and governance performance does not partially show a significant influence, attention to these three aspects can improve overall stock performance. These findings provide insight to practitioners, regulators, and investors regarding the importance of ESG disclosure in the context of the Indonesian capital market.
Tax Avoidance on Institutional Ownership: Case Study of Banking Companies in Indonesian Capital Market Reswita, Yefri; Lukman, Syukri; Febrianto, Rahmat; Adrianto, Fajri
JURNAL MANAJEMEN UNIVERSITAS BUNG HATTA Vol 19 No 2 (2024): Jurnal Manajemen Universitas Bung Hatta
Publisher : Management Department, Faculty of Economics and Business, Universitas Bung Hatta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37301/jmubh.v19i2.25523

Abstract

One of the causes of tax avoidance actions is influenced by corporate governance factors, including ownership structure. This study examines the relationship between institutional ownership structure and tax avoidance activities, with the moderating effect of independent directors. The research utilizes panel data from banking companies listed on the Indonesia Stock Exchange (IDX) from 2013 to 2022, totaling 430 firm-year observations. The estimation model employs Ordinary Least Square (OLS) approach. The results indicate that institutional ownership structure has a significant negative effect on tax avoidance actions. The moderating effect of independent directors does not have a significant influence on the relationship between institutional ownership structure and tax avoidance activities. Monitoring and internal control mechanisms are essential to mitigate actions detrimental to the interests of minority shareholders.
Pengaruh Financial Literacy dan Modal Investasi terhadap Trading Activity Investor Pemula di Bursa Efek Indonesia Frima, Rini; Husni, Tafdil; Hamidi, Masyhuri; Adrianto, Fajri
Owner : Riset dan Jurnal Akuntansi Vol. 8 No. 3 (2024): Artikel Research July 2024
Publisher : Politeknik Ganesha Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33395/owner.v8i3.2240

Abstract

This empirical study aims to test and analyze the influence of financial literacy and investment capital on the trading activity of beginner investors on the Indonesia Stock Exchange (BEI). This research was conducted on Politeknik Negeri Padang Accounting Department students who have had a Rekening Dana Nasabah (RDN) on the IDX for less than 1 (one) year. The research sample is students who have taken courses in financial management and capital markets. The trading activity observed is the frequency of share buying and selling transactions on the IDX from April 1 to June 30, 2022. Investment capital is the amount of rupiah deposited to RDN at the start of the transaction. 54 respondents participated in this research and the data was processed. The data obtained were processed and analyzed using descriptive statistical and multiple linear regression using SPSS 26. The results of the study showed that partially, investment capital had a positive effect on trading activity, while financial literacy did not affect trading activity. However, the investment capital and financial literacy variables influence the trading activity of beginner investors on the IDX in 2022.
Pengaruh Rating, Profitabilitas, Indikator Makroekonomi Terhadap Yield to Maturity: Studi Komparatif Non-Green Bond dan Green Bond di Indonesia Putra, Friska Agril Perdana; Hamidi, Masyhuri; Adrianto, Fajri
Jurnal Disrupsi Bisnis Vol. 8 No. 4 (2025): Jurnal Disrupsi Bisnis
Publisher : Prodi Manajemen, Fakultas Ekonomi, Universitas Pamulang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32493/drb.v8i4.52072

Abstract

Penelitian ini bertujuan untuk menguji pengaruh rating kredit, profitabilitas (Return on Assets/ROA), inflasi, dan nilai tukar dengan jenis obligasi (green bond dan non-green bond) sebagai variabel moderasi terhadap Yield to Maturity (YTM) obligasi di Indonesia selama periode 2018 sampai dengan tahun 2024. Metode penelitian yang digunakan adalah penelitian kuantitatif kausal komparatif, memanfaatkan analisis regresi data panel tidak seimbang dengan bantuan perangkat lunak statistik. Data yang digunakan adalah data sekunder yang bersumber dari laporan keuangan emiten, Bursa Efek Indonesia (BEI), Kustodian Sentral Efek Indonesia (KSEI), Badan Pusat Statistik (BPS), dan Bank Indonesia (BI). Hasil analisis menunjukkan ROA berpengaruh signifikan terhadap YTM secara negatif, tetapi pengaruh negatif ini melemah dengan jenis obligasi sebagai variabel moderasi; inflasi berpengaruh signifikan terhadap YTM secara positif, tetapi pengaruh positif ini melemah dengan jenis obligasi sebagai variabel moderasi; nilai tukar berpengaruh signifikan terhadap YTM secara positif, tetapi pengaruh positif ini melemah dengan jenis obligasi sebagai variabel moderasi; rating tidak berpengaruh signifikan terhadap YTM, dan interaksi rating dengan jenis obligasi tidak dapat diestimasi. Variabel dummy green bond sendiri berpengaruh signifikan terhadap YTM secara positif, mengindikasikan adanya greenium negatif. Penelitian ini dapat memberikan kontribusi untuk menambah literatur terkait dinamika pembentukan YTM pada green bond dan non-green bond di pasar berkembang, serta menjadi dasar pertimbangan bagi regulator dan investor dalam mengembangkan ekosistem obligasi berkelanjutan yang lebih responsif.
ENTREPRENEURSHIP ORIENTATION AND BUSINESS PERFORMANCE: THE ROLE OF GOVERNMENT SUPPORT AS MODERATION (In Gen Z as Culinary Serving MSME Actors in Padang City) Saputra, syailendra Eka; Lukman, Syukri; Hamidi, Masyhuri; Rahim, Rida; Adrianto, Fajri
JURNAL ECONOMICA : Research of Economic And Economic Education Vol 12, No 2 (2024): Economica: Journal Of Economic And Economic Education
Publisher : Economic Education Faculty of Economics and Business Universitas PGRI Sumatera Barat

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22202/economica.2024.v12.i2.7003

Abstract

This study aims to empirically prove the effect of entrepreneurial orientation and government support on culinary MSME business performance in Padang City. In addition, this research also aims to prove the role of government support to strengthen the relationship between entrepreneurial orientation and culinary MSME business performance in Padang City. In this research, as many as 120 culinary actors managed by gen Z or business actors aged between 16 and 23 years were used at this time. Data collection was carried out through distributing questionnaires. The data analysis method used is quantitative by using path analysis. The results of testing the hypothesis found that entrepreneurial orientation will encourage increased culinary MSME business performance managed by gen Z in Padang City. The research results obtained also found that government support in the form of financial or non-financial has a strong influence on the performance of micro business businesses managed by gen Z in Padang City. Another finding obtained through our research is that government support moderates the relationship between entrepreneurial orientation and business performance. These findings show that the implementation of an entrepreneurial orientation will be carried out and on target if it gets financial or non-financial support from the government so that it can encourage increased business performance.