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Pengaruh Faktor Fundamental Mikro Dan Makro Ekonomi Terhadap Harga Saham Kurniasari, Hana; Andarwati, Andarwati
Jurnal Management Risiko dan Keuangan Vol. 3 No. 4 (2024)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jmrk.2024.03.4.05

Abstract

The objective of this study is to identify the effects of microeconomic and macroeconomic fundamental factors on the stock prices of telecommunication companies listed on the Indonesia Stock Exchange. This quantitative explanatory research corroborates the relationships between its variables in order to test the previously formulated hypotheses. Using saturated sampling, all six telecommunication companies listed on the Indonesia Stock Exchange during the 2014-2022 period were selected as the sample. The analysis was performed using multiple linear regression, while the model’s feasibility test was conducted via F-test and coefficient of determination test, and the hypothesis testing was done using t-test. This study finds that Earnings Per Share (EPS) and Return on Equity (ROE) significantly influence the stock prices, that EPS positively influences the stock prices, and that ROE negatively impacts the stock prices. Further, Price-to-Book Value (PBV), Debt-to-Equity Ratio (DER), and inflation do not significantly affect the stock prices.   Abstrak Penelitian ini bertujuan untuk mengetahui pengaruh fundamental faktor mikroekonomi dan makroekonomi terhadap harga saham perusahaan subsektor telekomunikasi yang terdaftar di Bursa Efek Indonesia. Jenis penelitian menggunakan explanatory research dengan pendekatan kuantitatif dengan tujuan menjelaskan hubungan antara variabel-variabel untuk menguji hipotesis yang sebelumnya telah dirumuskan. Penelitian menggunakan populasi perusahaan subsektor telekomunikasi yang terdaftar di Bursa Efek Indonesia selama periode tahun 2014 – 2022 sebanyak 6 perusahaan. Sampel penelitian diambil dengan metode sampling jenuh. Penelitian menggunakan metode analisis regresi linear berganda dengan uji kelayakan model menggunakan uji F dan koefisien determinasi serta pengujian hipotesis menggunakan uji t. Hasil penelitian menunjukkan bahwa variabel Earning Per Share (EPS) dan Return on Equity (ROE) berpengaruh signifikan terhadap harga saham. Adapun EPS berpengaruh secara positif dan ROE berpengaruh secara negatif, sedangkan pada variabel Price to Book Value (PBV), Debt to Equity Ratio (DER) serta inflasi tidak memiliki pengaruh yang signifikan terhadap harga saham.
THE EFFECT OF MONEY AVAILABILITY, TIME AVAILABILITY AND PROMOTION OF IMPULSE PURCHASE BEHAVIOR OF CHOCOLATE SNACK PRODUCTS THROUGH POSITIVE EMOTIONS Pranoto, Hadi; Andarwati, Andarwati; Sunaryo, Sunaryo
Jurnal Aplikasi Manajemen Vol. 19 No. 4 (2021)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.jam.2021.019.04.03

Abstract

This study examines and analyzes the influence of money available, time availability, and the promotion of impulse purchases through positive emotions as a mediating variable on chocolate snack products. This research is quantitative research conducted in Hypermart Malang Town Square (Matos), Giant Hypermarket Malang Olympic Garden (MOG), Giant Ekstra Sawojajar, and Giant Ekstra Kebonagung. The population studied were consumers who bought chocolate snack products on impulse purchases. The sample used 190 respondents. Data collection techniques using questionnaires, interviews, and literature review. Data analysis techniques in this research use validity test, reliable test, linear test, diagram test, PLS, and hypothesis test on the variable of money availability, time availability, promotion, impulse purchase, and positive emotion on chocolate snack product. This study indicates that the variable availability of money can impact positive emotional variables. The varying availability of money cannot impact impulse buying variables. The time availability variable does not affect the positive emotional variables. Meanwhile, the time availability variable impacts the impulse buying variable. Furthermore, promotional variables affect positive emotional variables as well as impulse buying variables. However, the positive emotional variable has no impact on the impulse buying variable. The positive emotional variable proved the relationship between money and promotional variables' variable availability in the mediation test. In contrast, the variable availability of time is not a provable positive emotional variable as a liaison influence the variable of time availability with impulse buying.
Pengaruh Ukuran Perusahaan, Profitabilitas, Pertumbuhan Penjualan dan Kepemilikan Manajerial terhadap Struktur Modal dan Nilai Perusahaan Manufaktur di Indonesia (Perspektif Pecking Order Theory) Nirmala, Aulia; Moeljadi, Moeljadi; Andarwati, Andarwati
Jurnal Aplikasi Manajemen Vol. 14 No. 3 (2016)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (95.62 KB) | DOI: 10.18202/jam23026332.14.3.16

Abstract

The universities are currently facing many challenges as an institution of higher education providers, especially private universities to compete for students, maintaining the values of academic that produce graduates who can compete in creating jobs, and enter the workforce. This study aimed to analyze the effectof market orientation and image to the student satisfaction, and the implication to the student loyalty.Data collection was taken from students in Jambi as many as 200 samples with analytical methods WarpPLS Structural Equation Model 3.0. The result showed that all of hypothesis has positive and significant impact, which Market Orientation greatest effect. 
Pengaruh Strategi Resource-Based terhadap Keunggulan Bersaing melalui Inovasi pada Usaha Mebel Kayu di Kota Pasuruhan Darojatin, Kharisma; Surachman, Surachman; Andarwati, Andarwati
Jurnal Aplikasi Manajemen Vol. 14 No. 4 (2016)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (307.248 KB) | DOI: 10.18202/jam23026332.14.4.12

Abstract

This study aimed to examine and determine the effect of resource-based strategy to innovation, the effect of resource-based strategies for competitive advantage, the effect of innovation on competitive advantage, and the effect of indirect resource-based strategy for competitive advantage through innovation in the wood furniture business in Pasuruan.This study is the explanation (explanatory research). The analysis tool is Structural Equation Modelling (SEM). Primary data were collected by field research methods. The data collection techniques is questionnaires and interviews. The sample in this study were 100 respondents wood furniture business in Pasuruhan. The results showed that the Resource-Based Strategy which is actualized in financial resources, physical resources, human resources, technological resources, and organization's reputation resources affect theinnovation that improved the innovation. The betterResource-Based strategy that can improve competitive advantage in terms of cost, quality, time, and flexibility. Improved the innovation in terms of process innovation, product innovation, organizational innovation, and business innovation can improve competitive advantage in the wooden furniture business in Pasuruan in terms of consumer recognition of the product, reduced costs, and improved product quality. Resource-based strategy has an indirect effect to competitive advantage through innovation on the wood furniture business in Pasuruan.
Implementasi TPACK untuk Meningkatkan Hasil Belajar Peserta Didik XI PS-2 SMKN 2 Malang Permatasari, Novita; Andarwati, Andarwati; Yulianingsih, Wiwin
Juwara: Jurnal Wawasan dan Aksara Vol. 4 No. 2 (2024)
Publisher : Yayasan Pendidikan dan Pengembangan Harapan Ananda

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58740/juwara.v4i2.113

Abstract

This study aims to understand the increase in students' knowledge by applying the TPACK learning approach to class XI students. In accordance with the results of observations that have been carried out previously, there is a tendency that students in class XI PS-2 SMK Negeri 2 Malang have a fairly poor level of understanding of public speaking skills. This is exacerbated by the lack of effective learning approaches used by teachers during the learning process. This research was carried out through the Classroom Action Research (PTK) method which was implemented in two cycles and used research subjects, namely all students of class XI PS-2 SMK Negeri 2 Malang with a total of 29 students consisting of 4 men and 25 women. Based on this research, it can be concluded that there is an increase in knowledge of public speaking skills in XI PS-2 students, this is evidenced by the initial average learning outcomes showed a sufficient understanding category which was originally 81.76 in cycle I there was an increase in the category to very good understanding with an average value of 90.30.
PENGARUH KEPEMILIKAN INSTITUSIONAL, ARUS KAS BEBAS TERHADAP KEBIJAKAN DIVIDEN DAN VOLATILITAS HARGA SAHAM (STUDI PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI) Prabowo, Satriya Candra Bondan; Salim, Ubud; Andarwati, Andarwati
Profit: Jurnal Adminsitrasi Bisnis Vol. 7 No. 2 (2013): Profit : Jurnal Administrasi Bisnis
Publisher : FIA UB

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (14.316 KB)

Abstract

The manufacturing companies ability in facing the economic fluctuation finally influence the policy making, including dividend policy. Beside that the ownership composition of manufacturing companies in Indonesia that mostly dominated by institution, make research to investigate the agency relation in the developed countries interesting. Agency theory was appears at the mature countries where the stock ownership is spread  and not as in Indonesia. At the manufacturing companies that listed at Indonesian Stock Exchange only few stockholders that have initiative and ability to control and monitor the management decision  and activities, then the agencies will emerge so the dividend become important that influence the company stocks price volatility. The research aimed at 1) to know the influence of  institutional ownership  to the dividend policy 2) to know the influence of free cash flow to the dividend policy 3) to know the influence of institutional ownership to the stock price volatility, 4) to know the influence of free cash flow to the stock price volatility 5) to know the influence of dividend policy to the stock price 6) to know the influence of institutional ownership to the stock price volatility through dividend policy 7) to know the influence of free cash flow to the stock price volatility through dividend policy. The research is explanatory research, explained the causal relation among researched variables through hypothesis testing. The researched samples were 12 manufacturing companies. Data analysis by path analysis. Result of the research 1) the institutional ownership directly influence the dividend policy 2) free cash flow directly influence dividend policy 3) institutional ownership directly not influence the stock price volatility 4) free cash flow directly influence the stock  price volatility 5) dividend policy directly influence the stock price volatility 6) dividend policy able to mediate the institutional ownership influence to the stock price volatility 7) dividend policy able to mediate the free cash flow influence to the stock price volatility. Keywords: institutional ownership, free cash flow, dividend policy, and stock price volatility.   Kemampuan perusahaan manufaktur dalam menghadapai fluktuasi ekonomi pada akhirnya berimbas dalam pembuatan kebijakan, termasuk kebijakan dividen. Selain itu, komposisi kepemilikan saham perusahaan manufaktur di Indonesia yang masih banyak dikuasai oleh institusi, membuat hubungan agensi di perusahaan manufaktur menjadi menarik untuk diteliti. Hal ini dikarenakan teori agensi dibangun di negara-negara maju yang kepemilikan sahamnya bersifat menyebar, tidak seperti di Indonesia. Pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia hanya ada sedikit pemegang saham saja yang mempunyai insentif dan kemampuan untuk mengontrol dan memonitor keputusan dan aktivitas manajemen, maka masalah agensi akan muncul sehingga dividen menjadi penting yang akan berpengaruh terhadap volatilitas harga saham perusahaan. Tujuan penelitian ini adalah 1) mengetahui pengaruh kepemilikan institusional terhadap kebijakan dividen,  2)  mengetahui pengaruh arus kas bebas terhadap kebijakan dividen, 3) mengetahui pengaruh kepemilikan institusional terhadap volatilitas harga saham, 4) mengetahui pengaruh arus kas bebas terhadap volatilitas harga saham, 5) mengetahui pengaruh kebijakan dividen terhadap volatilitas harga saham, 6) mengetahui pengaruh kepemilikan institusional terhadap volatilitas harga saham melalui kebijakan dividen, 7) mengetahui pengaruh arus kas bebas terhadap volatilitas harga saham melalui kebijakan dividen. Penelitian yang dilakukan termasuk penelitian penjelasan (explanatory research). Explanatory research adalah penelitian yang menjelaskan hubungan kausual antara variabel-variabel penelitian melalui pengujian hipotesis. Jumlah sampel yang diteliti adalah 12 perusahaan manufaktur. Analisis data yang digunakan adalah Path Analysis. Hasil penelitian ini adalah 1) Kepemilikan institusional secara langsung berpengaruh terhadap kebijakan dividen. 2) Arus kas bebas secara langsung berpengaruh terhadap kebijakan dividen. 3) Kepemilikan institusional secara langsung tidak berpengaruh terhadap volatilitas harga saham. 4) Arus Kas bebas secara langsung berpengaruh terhadap volatilitas harga saham. 5) Kebijakan dividen secara langsung berpengaruh terhadap volatilitas harga saham. 6) Kebijakan dividen dapat memediasi pengaruh kepemilikan institusional terhadap volatilitas harga saham. 7) Kebijakan dividen dapat memediasi pengaruh arus kas bebas terhadap volatilitas harga saham. Kata Kunci :  Kepemilikan Institusional, Arus Kas Bebas, Kebijakan Dividen, dan Volatilitas Harga  Saham.
PELATIHAN DAN PENDAMPINGAN STRATEGI PEMASARAN DALAM MEMPERLUAS PANGSA PASAR DI INDONESIA TIMUR DAN PERHITUNGAN BIAYA POKOK PRODUK PADA UMKM DI KAB. KEDIRI Andarwati, Andarwati
Jurnal Likhitaprajna Vol 8 No 2 (2024)
Publisher : FKIP Universitas Wisnuwardhana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37303/peduli.v8i2.692

Abstract

This community service activity aims to provide training and assistance related to how to determine marketing strategies in expanding market share to the Eastern Indonesia region and calculating product costs for MSMEs in Kediri Regency. The MSMEs that are guided are focused on MSMEs engaged in snacks that are in high demand in the market. Based on the results of initial communication with prospective partners, namely small and medium business actors in the city of Kediri, where these small business actors do not yet understand the importance of determining the right marketing strategy to support the development of their business. Business actors only do marketing in conventional or traditional ways. This will certainly be a definite obstacle for MSMEs because with this method, consumers are only limited to the community around the MSME area. So the solution offered is to provide training and assistance in determining marketing strategies in expanding market share and calculating product costs for MSMEs in Kediri Regency. The results of this training and assistance are that the participants better understand and are able to apply how to determine marketing strategies that are in accordance with the business they are running and the participants also better understand the importance of calculating production costs for the sustainability of their business.
MEANINGS IN LITERATURE Andarwati, Andarwati
LiNGUA: Jurnal Ilmu Bahasa dan Sastra Vol 3, No 2 (2008): LiNGUA
Publisher : Laboratorium Informasi & Publikasi Fakultas Humaniora UIN Maulana Malik Ibrahim Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18860/ling.v3i2.582

Abstract

The use of language must have a connection with the external world, as this relationship relates to its meaning. In literary works, meaning refers to the intention of the author or creator of the work. There are two types of meaning in literature: (1) total meaning, which is the experience of how the literary work is communicated, and (2) prosaic meaning, which is the mode of expression of that experience. Language in literature is highly multidimensional, consisting of words that carry multiple meanings: both denotative and connotative. The implications of this paper emphasize the complex interplay between language, meaning, and intention in literature. By distinguishing between total meaning and prosaic meaning, this study highlights the layered nature of literary communication, where understanding extends beyond literal interpretation to include emotional, cultural, and experiential dimensions. Furthermore, the multidimensionality of language in literature reveals the richness of expression and the inherent ambiguity in human communication. This insight is significant for literary analysis, as it suggests that uncovering meaning requires not only textual interpretation but also an exploration of the broader contexts in which the work was created and received.
Naturalitas Islamisasi Ilmu Pengetahuan di Lembaga Pendidikan Islam Andarwati, Andarwati
el Harakah: Jurnal Budaya Islam Vol 4, No 2 (2002): EL HARAKAH
Publisher : UIN Maulana Malik Ibrahim Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18860/el.v4i2.4638

Abstract

The emergence of the concept of Islamization of science has invited much attention from various social circles, including those from Islamic educational institutions. Basically education aims to lift human dignity through a process in the form of transfer of knowledge and transfer of values. Al Faruqi demonstrates the demands of competence complexity in order to meet the criteria of educational standards of eligibility in the Islamization of science. It was concluded that for Islamic educational institution, Islamization of science is a requirement because the substance of learning is expected to produce human with intellectual and moral quality. This will be a preventative effort against intellectual bias. The formulation of the substance and practice of education based on Islamization of science is a potential challenge as it requires multi-capable and multi-skill educators. All of them have to rely on the elements of aqidah and tawhid derived from Al Quran and Hadith. In addition, educators are expected to combine those elements integrally and holistically. Munculnya konsep Islamisasi ilmu pengetahuan telah mengundang banyak perhatian dari berbagai kalangan sosial, termasuk dari kelompok praktikan lembaga pendidikan Islam. Pada dasarnya pendidikan bertujuan untuk mengangkat harkat dan martabat manusia melalui suatu proses dalam bentuk transfer pengetahuan dan transfer nilai. Al Faruqi menunjukkan adanya tuntutan kompleksitas kompetensi untuk dapat memenuhi kriteria standar kelayakan pendidik dalam Islamisasi ilmu pengetahuan. Disimpulkan bahwa bagi lembaga pendidikan Islam, Islamisasi ilmu pengetahuan adalah suatu kebutuhan karena dari substansi pembelajarannya diharapkan dapat mencetak manusia yang memiliki kualitas intelektual dan moral. Ini akan menjadi upaya preventif terhadap bias intelektual. Perumusan substansi dan praktek pendidikan berbasis Islamisasi ilmu pengetahuan ini menjadu suatu tantangan yang potensial karena menuntut pendidik memliki multi kapabilitas dan multi skill. Kesemuanya harus bertumpu pada unsur-unsur akidah dan tauhid yang bersumber dari Al Quran dan Hadits. Selain itu pendidik diharapkan mampu memadukan unsur-unsut tersebut secara integral dan holistik.