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Journal : Media Ekonomi

ANALISIS FAKTOR-FAKTOR YANG MEMEPENGARUHI PENYISIHAN PENGHAPUSAN AKTIVA PRODUKTIF (PPAP) PADA PERBANKAN SYARIAH DI INDONESIA Nita Shintya; Akhmad Darmawan
Media Ekonomi Media Ekonomi : Vol 15 No 2 Juli 2015
Publisher : Lembaga Publikasi Ilmiah dan Penerbitan (LPIP)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30595/medek.v15i2.1143

Abstract

Tujuan penelitian ini adalah untuk menganalisis faktor-faktor yang mempengaruhi Penyisihan Penghapusan Aktiva Produktif (PPAP) pada perbankan syariah di Indonesia. Variabel dependen yang digunakan dalam penelitian ini adalah penyisihan penghapusan aktiva produktif (PPAP), sedangkan variabel independen yang digunakan dalam penelitian ini adalah Total pembiayaan (TotalFinancing/TF), Risiko pembiayaan (Non Performing Financing/NPF), Profitabilitas (Earnings Before Taxes and Provisions/EBTP). Populasi dalam penelitian ini adalah Bank Umum Syariah di Indonesia. Sampel dalam penelitian ini adalah 36 sampel yang diklasifikasikan dengan metode purposive sampling. Data penelitian yang digunakan adalah laporan keuangan triwulanan Bank Umum Syariah dari tahun 2011 hingga 2013 yang dipublikasikan di website Bank Indonesia. Hasil penelitian ini menunjukkan bahwa total pembiayaan (TF) tidakberpengaruh positif dan signifikan terhadap PPAP ditolak. Hal ini ditunjukan dengan nilai thitung sebesar –4,770 lebih kecil dari ttabel 1,703. Selanjutnya resiko pembiayaan (NPF) tidakberpengaruh positif dan signifikan terhadap PPAP ditolak. Hal ini ditunjukan dengan nilai thitung sebesar 1,650 lebih kecil dari ttabel 1,703. Kemudian profitabilitas (EBTP) tidakberpengaruh negatif dan signifikan terhadap PPAP ditolak. Hal ini ditunjukan dengan nilai thitung sebesar 1,637 lebih kecil dari ttabel 1,703. Dan secara simultan Total Pembiayaan (TF), Resiko Pembiayaan (NPF), Profitabilitas (EBTP) berpengaruh signifikan terhadap PPAP diterima. Hal ini ditunjukan dengan nilai Fhitung sebesar 10,754 lebih besar dari Ftabel 2,96. Kata Kunci: Penyisihan Penghapusan Aktiva Produktif (PPAP), Total Pembiayaan (Total Financing/ TF) , Resiko Pembiayaan (Non Performing Financing/ NPF), Profitabilitas (Earnings Before Taxes Provisions/ EBTP).
PENGARUH ECONOMIC VALUE ADDED, MARKET VALUE ADDED, RESIDUAL INCOME, EARNINGS DAN ARUS KAS OPERASI TERHADAP RETURN SAHAM (Studi Empiris pada perusahaan LQ-45) Hari Cahyadi; Akhmad Darmawan
Media Ekonomi Media Ekonomi : Vol 16 No 1 Januari 2016
Publisher : Lembaga Publikasi Ilmiah dan Penerbitan (LPIP)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30595/medek.v16i1.1144

Abstract

This study to get empirical evidence that the EVA, MVA, Residual income, Earnings and operating cash flow affect the return earned by shareholders, either partially or simultaneously. The sampling method used was purposive sampling, with the criteria of the company that is always inclouded in the LQ-45 index listed in the Indonesia Stock Exchange (BEI) during the observation period of 2011-2014. Companies used in the sample have a positifve data. The analytical method used was multiple linear regression test. The result of this study concluded that the MVA, residual income and operating cash flows simultaneously affected the return earned by shareholders. MVA partially had no effect on returns received by shareholders. Residual income partially had an effect on returns received by shareholders. Operating cash flow partially had an influence on return received by shareholders. The second and the fifth hypothesis in this study could not be tested because EVA variables and earnings experienced multi co linearity, thus it was excluded from the study. Keywords : EVA, MVA, Residual income, Earnings, operating cash flows and stock returns
The Effect Of Insider Ownership, Dept Policy, Divident Payment Policy And Profitability On Stock Return (On The Manufacture Companies Registered in BEI) ALdo Hermanda Prasma Putra; Akhmad Darmawan
Media Ekonomi Media Ekonomi : Vol 14 No 2 Juli 2014
Publisher : Lembaga Publikasi Ilmiah dan Penerbitan (LPIP)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30595/medek.v14i2.1160

Abstract

This research aimed to find out the effect of insider ownership. debt policy, dividen payment policy and profitability partially and simulianeusly on stock return on the manufacture companies registered in BEI in 2010-2012 The data of this research was from audited financial report and annualy financial report gained from www.idx.co.id. The sample of this research was the manufacture companies registered in BEI in 2010-2012. The analysis technicue was by double linier regression. The result of this research showed that simultaneusly, insider ownership, debt policy and dividend payment policy efectted significantly on stock return. Partially, only 1 independent variable that was profitability that effected positively significant to the stock return, while insider ownership had a negative significant effect, and partially, debt policy and dividen payment did not affect on stock return. the researcher suggested that the investor of insider ownership variable and profitability could be applied to explain stock return of the maufacture companies then this ratio could be the investor's consideration in analyzing the company's performance that influance the stock return rise Keyword : Insider Ownership, Dept Policy, Dividen Payment Policy, Prifitability Stock Return
ANALISIS KELAYAKAN INVESTASI PENGEMBANGAN USAHA ARTOMORO 2 DI MART DI GENTASARI Angga Merlinda Septiana; Akhmad Darmawan
Media Ekonomi Media Ekonomi : Vol 15 No 1 Januari 2015
Publisher : Lembaga Publikasi Ilmiah dan Penerbitan (LPIP)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30595/medek.v15i1.1142

Abstract

This research was aimed at knowing whether or not the the ARTOMORO2 Mart was feasible to be established on the market and marketing aspect, technical aspect of production and technology, management and human resources aspect, financial and economic aspect as well as the aspect of law and legality. The object of this research was an Analysis on the investment Expedience of Business Development of Artomoro2 Mart. The analysis used were leasquare method, market share method, qualitative method or score load, S.W.O.T analysis method, Payback Period,Net present value, Internal Rate of Return, Profitability Index, and S.W.O.T Analysis of legal aspect. The result of this research showed that based on the market and marketing aspect, ARTOMORO2 Mart was feasible to be established because it was good in the competitive strategy. ARTOMORO2 Mart was also feasible accourding to the technical aspect of production and technology because it applied an advanced technology. The market did not produce commodities due to the fact that market was only selling. Based on the management and human resources aspect, ARTOMORO2 Mart was also feasible to be established because of the calculation of financial aspect showing that the investment was feasible to be established because of the calculation of financial aspect showing that the investment was feasible to be done. Based on the legal aspect analysis, ARTOMORO2 Mart was not feasible yet because it did not have a strong legal agency which was legitimized by the ministry of justice. Keyword : Market and Marketing Aspect, Technical Aspect of Production and Technology, Management and Human Resources and Aapect, Financial and Economic Aapect, Legal Aapect