Articles
<![CDATA[Analisis Perbedaan Profitabilitas Pada Industri yang Terdampak COVID-19: Tinggi, Sedang dan Rendah ]]>
<![CDATA[Fransiskus X. H. Dappa Ole]]>;
<![CDATA[Lusianus Heronimus Sinyo Kelen]]>
<![CDATA[ Business Management Analysis Journal (BMAJ) Vol 5, No 1 (2022): Business Management Analysis Journal (BMAJ) ]]>
Publisher : <![CDATA[Universitas Muria Kudus ]]>
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DOI: 10.24176/bmaj.v5i1.7056
<![CDATA[Covid-19 influences the capital market in Indonesia, on the Indonesia Stock Exchange (IDX). Because of Covid-19 was seen as bad news, many investors prefer to sell their shares. This study aims to test whether or not there is a significant difference in profitability for companies listed on the IDX that is affected by Covid-19. This study used 682 companies as samples that have met criteria as companies with complete financial records on the IDX as of December 2020. The analysis used in this study is the Kruskal-Wallis (K-W) test. Non-parametric testing was used in this study because the data from this study were not normally distributed so that the K-W test was used. The results of the analysis in this study indicate that there are differences in profitability of industries affected by Covid-19 highly, moderately and lowly.Covid-19 memiliki pengaruh pada pasar modal di Indonesia terutama di Bursa Efek Indonesia (BEI). Covid-19 mengakibatkan banyak investor lebih memilih untuk menjual sahamnya, karena hal ini merupakan kabar buruk bagi investor. Penelitian ini bertujuan untuk menguji apakah terdapat perbedaan profitabilitas yang signifikan pada perusahaan terdaftar di BEI yang terdampak Covid-19. Sampel yang digunakan dalam penelitian ini berjumlah 682 perusahaan yang telah memenuhi kriteria sebagai perusahaan dengan catatan keuangan yang lengkap di BEI per Desember 2020. Analisis yang digunakan dalam penelitian adalah pengujian Kruskal-Wallis (K-W). Pengujian non parametrik digunakan dalam penelitian ini karena data dari penelitian memiliki ini tidak terdistribusi secara normal sehingga menggunakan pengujian K-W. Hasil dari analisis dalam penelitian ini menunjukkan bahwa terdapat perbedaan profitabilitas dari industri terdampak Covid-19 tinggi, sedang, dan rendah. ]]>
<![CDATA[Pengaruh Socioemotional Wealth Terhadap Keputusan Struktur Modal Usaha Mikro, Kecil, dan Menengah ]]>
<![CDATA[Lusianus Heronimus Sinyo Kelen]]>
<![CDATA[ Jurnal Ilmu Manajemen dan Bisnis Vol 13, No 1 (2022): Jurnal Ilmu Manajemen dan Bisnis. Maret 2022 ]]>
Publisher : <![CDATA[Universitas Pendidikan Indonesia ]]>
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DOI: 10.17509/jimb.v13i1.42549
<![CDATA[If a business wants to "upgrade", it needs a strategy to use debt, so that it can make the business continue in the future. This study aims to prove the pecking order theory in Micro, Small, and Medium Enterprises (MSMEs) in Indonesia. Specifically, this study wanted to examine the effect of socioemotional wealth on the capital structure decisions of MSME owners supporting tourism in Kabupaten Sumba Timur, Propinsi Nusa Tenggara Timur. The selection of MSMEs supporting tourism is because tourism growth in East Sumba Regency is increasing and requires businesses to support tourism. The research sample was 101 respondents spread over two sub-districts (Kambera and Kota Waingapu) which are the centers of MSMEs in Kabupaten Sumba Timur. This study uses a probit regression analysis technique because the dependent variable uses a dummy variable that is included in the nominal scale with the independent variable using an interval scale. The results show that socioemotional wealth affects capital structure decisions, where the higher the socioemotional wealth of MSME owners, the less likely they are to use debt in their business.]]>
<![CDATA[DAMPAK INVASI RUSIA KE UKRAINA TERHADAP AVERAGE ABNORMAL RETURN PERUSAHAAN INDUSTRI ENERGI YANG TERDAFTAR DI BURSA EFEK INDONESIA ]]>
<![CDATA[Christian Krisna Yonathan Huka]]>;
<![CDATA[Lusianus Heronimus Sinyo Kelen]]>
<![CDATA[ Juremi: Jurnal Riset Ekonomi Vol. 2 No. 1: Juli 2022 ]]>
Publisher : <![CDATA[Bajang Institute ]]>
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<![CDATA[Penelitian ini bertujuan untuk mengetahui serta menguji dampak invasi yang dilakukan negara Rusia ke Ukraina pada 24 Februari 2022, terhadap tingkat keuntungan yang diperoleh investor (yang diukur dengan average abnormal return) pada perusahaan-perusahaan industri energi yang tercatat di pasar modal Indonesia. Penelitian menggunakan uji beda (paired sample test) untuk mengetahui pergerakan average abnormal return 14 hari, 7 hari dan 3 hari sebelum dan sesudah invasi terjadi pada 24 Februari 2022. Hasil yang didapatkan berdasarkan uji beda mengatakan bahwa tidak ada pengaruh yang signifikan invasi Rusia ke Ukraina terhadap harga saham industri energi di pasar modal Indonesia. Hasil ini juga menunjukkan bahwa efficient market hypothesis (bentuk semi kuat) tidak terbukti dalam penelitian ini.]]>
<![CDATA[SOSIALISASI LITERASI KEUANGAN DAN PRAKTIK INVESTASI SAHAM KEPADA GENERASI Z DI SMAN 1 WAINGAPU ]]>
<![CDATA[Lusianus Heronimus Sinyo Kelen]]>;
<![CDATA[Yulita Milla Pakereng]]>;
<![CDATA[Vindya Donna Adindarena]]>
<![CDATA[ Jurnal Abdi Insani Vol 9 No 1 (2022): Jurnal Abdi Insani ]]>
Publisher : <![CDATA[Universitas Mataram ]]>
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DOI: 10.29303/abdiinsani.v9i1.527
<![CDATA[Understanding of financial literacy in East Sumba Regency, East Nusa Tenggara (NTT) Province is a serious problem to be overcome. The results of previous research indicate the weakness of financial literacy in entrepreneurs in Waingapu City District, East Sumba Regency. To prevent and minimize this, the Community Service (PkM) implementation team conducted interactive socialization activities related to financial literacy and stock investment practices to Generation Z (in this case 15 students or students) at SMAN 1 Waingapu. This PkM aims to provide knowledge related to financial management and experience in investing in shares for generation Z. The selection of Generation Z as the target for PkM aims to introduce financial management and stock investment as investment products as early as possible. Activities carried out related to the implementation of PkM are financial literacy socialization and stock investment practices. The socialization was attended by students from SMAN 1 Waingapu who were accompanied by teachers. In this activity, students discussed with presenters related to financial literacy, then after the socialization ended the students were accompanied by the PkM team to practice stock investment using one of the financial technologies (fintech), namely Magic. As a result, students already have an account and make an investment of IDR 100,000 in the account that has been created. Then these activities ended with an evaluation to assess the stock development of the students. Community Service (PkM) related to the socialization of financial literacy, and stock investment practices to generation z (students) at SMAN 1 Waingapu was carried out well, where students gained knowledge related to financial management (in terms of financial literacy) as well as experience in make stock investments.]]>
<![CDATA[Analisis Perbedaan Struktur Modal Perusahaaan Manufaktur Sebelum dan Selama Pandemi COVID-19 ]]>
<![CDATA[Lusianus Heronimus Sinyo Kelen]]>;
<![CDATA[Citra Aditya Talundima]]>
<![CDATA[ Journal of Global Business and Management Review Vol 4 No 1 (2022): Journal of Global Business and Management Review ]]>
Publisher : <![CDATA[Program Sarjana Manajemen Universitas Internasional Batam ]]>
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DOI: 10.37253/jgbmr.v4i1.6690
<![CDATA[Penelitian ini bertujuan untuk melihat perbedaan yang terdapat pada struktur modal perusahaan sebelum dan selama masa pandemi COVID-19. Secara spesifik penelitian ini berfokus pada pada modal sendiri dan aset perusahaan. Teori yang digunakan dalam penelitian ini, yaitu Trade-Off dinamis dengan menggunakan dua macam pengukuran yaitu DER (Debt To Equity Ratio) dan DAR (Debt To Asset Ratio). Dengan menggunakan data dua tahun (mulai dari januari tahun 2019 sampai desember tahun 2020) dari 182 perusahaan, dengan menggunakan dua teknik analisis data, uji wilcoxon signed rank, hal ini dilakukan karena hasil pengujian normalitas data menunjukkan data tidak terdistribusi secara normal. Hasil penelitian menunjukkan bahwa tidak adanya perbedaan yang signifikan pada struktur modal (DER maupun DAR) sebelum dan selama terjadinya pandemi COVID-19. Sehingga teori Trade-OFF dinamis tidak terbukti pada penelitian ini.]]>
<![CDATA[Apakah Pembatasan Sosial Berskala Besar Warga Negara Asing Berdampak Pada Average Abnormal Return? Studi Pada Sub Sektor Pariwisata, Perhotelan, dan Restoran di Bursa Efek Indonesia ]]>
<![CDATA[Asnat Susanti Dangga Lolu]]>;
<![CDATA[Lusianus Heronimus Sinyo Kelen]]>
<![CDATA[ Jurnal Akuntansi Terapan dan Bisnis Vol 1 No 2 (2021): Desember ]]>
Publisher : <![CDATA[Politeknik Negeri Jember ]]>
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<![CDATA[This study examines the differences in stock prices listed on the Indonesia Stock Exchange as measured using average abnormal returns on events (event studies) before and after the enactment of Large-Scale Social Restrictions for Foreign Citizens, especially COVID-19 which has an impact not only threatening human health but also has an impact on the economic sector. This condition will certainly have an impact on all sectors including stock trading on the Indonesia Stock Exchange, especially the Tourism, Hospitality, and Restaurant sub-sector. By using a sample of 41 companies on the Indonesia Stock Exchange with a research period of 3 months (16 November 2020 to 15 February 2021) the type of purposive sampling research that meets the criteria and using paired sample t-test, the results show that there is no difference Average Abnormal Return before and after the occurrence of a PSBB event for Foreign Citizens. So it can be concluded that the PSBB for Foreign Citizens has no impact on the average abnormal return obtained by investors.]]>
<![CDATA[Sebuah Pengujian Pasar Modal yang Efisiensi Pada Bursa Efek Indonesia ]]>
<![CDATA[Lusianus Heronimus Sinyo Kelen]]>;
<![CDATA[Alliny Namilana Rambu Hutar]]>
<![CDATA[ JURNAL TRANSFORMATIF UNKRISWINA SUMBA Vol 6 No 1 (2016): Vol VI No 1 Nov 2016 ]]>
Publisher : <![CDATA[Universitas Kristen Wira Wacana Sumba ]]>
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<![CDATA[The development of investment in Indonesia increased rapidly, so it needs to do research related to investment in Indonesia, so it can be useful for decision makers both from the investor (financial community) and the company. Efficient capital market is one of the interesting financial topics to be studied, especially investors and companies desperately need it for better and more informed decision making. In Indonesia alone, research on the efficiency of the capital market has been done is still simple or not robustness. So this study aims to test the form of capital market efficiency in Indonesia.Using a sample of 34 firms and using autocorrelation regression techniques, the results show that capital markets in Indonesia are efficient (weak form), this is indicated by the absence of a relationship between stock prices within the firm. Keywords: Investment, Investor, Company, and Capital Market Efficiency]]>
<![CDATA[Beta On Normal, Up And Down Market: Evidence Crisis In Financial Sector On Indonesia Domestic Exchange ]]>
<![CDATA[Lusianus Heronimus Sinyo Kelen]]>
<![CDATA[ JURNAL TRANSFORMATIF UNKRISWINA SUMBA Vol 3 No 1 (2013): Vol III No 1 Nov 2013 ]]>
Publisher : <![CDATA[Universitas Kristen Wira Wacana Sumba ]]>
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<![CDATA[Artikel ini menguji terkait beta (risiko) pada kondisi pasar normal, meningkat (up) dan menurun (down) di sektor keuangan di Bursa Efek Indonesia (periode Januari 2008 sampai Desember 2012). Hasil penelitian ini menunjukkan bahwa efek beta (risiko) pada return perusahaan adalah positif dan signifikan, jika mengeluarkan data dari periode krisis (periode Januari sampai Desember 2008) dan efek beta (risiko) ketika pasar meningkat (up) dan menurun (down) tidak signifikan terhadap return perusahaan. Risiko pada sub-sektor bank lebih signifikan dibandingkan dengan sub-sektor non-bank. Kata Kunci: Beta, Up and Down Market.]]>
<![CDATA[Menakar Perbedaan Kurs Rupiah Terhadap Dolar Amerika Serikat dan Australia Sebelum dan Setelah PSBB WNA ]]>
<![CDATA[Lusianus Heronimus Sinyo Kelen]]>;
<![CDATA[Nur Asmy Abbas]]>
<![CDATA[ Jurnal Manajemen dan Bisnis Vol 18 No 4 (2021) ]]>
Publisher : <![CDATA[Universitas Pendidikan Nasional ]]>
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DOI: 10.38043/jmb.v18i4.3252
<![CDATA[This study aims to analyze the difference in the exchange rate of the Indonesian rupiah against two foreign currencies: United States dollar and Australian dollar before and after large-scale social restrictions for foreign nationals as of January 1, 2021. The research method used in this thesis is quantitative research. with a descriptive approach. Using the exchange rates of the Indonesian Rupiah (IDR), United States Dollar (USD), and Australian Dollar (AUD) by obtaining data through the Bank Indonesia (BI) website, in the form of a January 2021 report. Analysis conducted on paired sample test, with research results showing no significant differences, it can be concluded that foreign exchange rates in each country are stable and improving]]>
<![CDATA[Profil Kinerja Keuangan Perusahaan yang Melakukan Initial Public Offering (IPO) Selama Pandemi COVID-19 di Indonesia ]]>
<![CDATA[Lusianus Heronimus Sinyo Kelen]]>
<![CDATA[ Jurakunman (Jurnal Akuntansi dan Manajemen) Vol 15, No 2 (2022): JURAKUNMAN, JULI 2022 ]]>
Publisher : <![CDATA[Sekolah Tinggi Ilmu Ekonomi Surya Nusantara ]]>
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DOI: 10.48042/jurakunman.v15i2.125
<![CDATA[This study aims to analyze the profile of the financial performance of firms conducting IPOs during the COVID-19 pandemic through initial returns and analysis of financial statements. This research was conducted by taking a population of shares listed on the Indonesia Stock Exchange when the firm conducted an IPO during the COVID-19 pandemic from March to December 2020. In this study, the sampling method used purposive sampling, the firm listed on the IDX at the time of 51 firms conducted IPOs during the COVID-19 pandemic but the available data met the sampling criteria, thus obtaining as many as 35 firms. The analytical technique used is the descriptive analysis technique by taking data from the prospectus. The results of the first analysis show that the financial performance of firms that conducted IPOs during the COVID-19 pandemic based on initial returns was mostly in good condition so that they received a response from investors. Based on the current ratio in a good condition where the firm obtains funds that can increase liquidity as well. Based on the debt to asset ratio in a good condition where the composition of the capital structure of the firm experienced the same comparison even though it was seen from the slightly larger total debt. Based on the return on equity, most of them are in good condition where the firm's capital ability can generate high profits so that it can benefit the firm.]]>
