Any Setianingrum
Fakultas Ekonomi Universitas Az Zahra Jakarta

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Perbandingan Kinerja Reksadana Konvensional dengan Syariah Trie Utari Handayani; Perdana Wahyu Santosa; Any Setianingrum
Journal of Economics and Business Aseanomics (JEBA) Vol 4, No 2 (2019): Juli - Desember 2019
Publisher : Universitas YARSI

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (388.522 KB) | DOI: 10.33476/j.e.b.a.v4i2.1242

Abstract

Penelitian ini membandingkan kinerja reksadana konvensional dengan reksadana syariah di Bursa Efek Indonesia (BEI). Penelitian menggunakan data sekunder dan pengambilan sampel menggunakan metode purposive sampling. Metode analisis yang digunakan adalah uji beda independent samples t-test. Reksadana yang diuji adalah pendapatan tetap dan saham dengan periode 2014-2016 dengan motode Treynor, Sharpe dan Jensen.Temuan pengujian kinerja reksadana menunjukkan bahwa reksadana konvensional dan reksadana syariah pendapatan tetap mempunyai kinerja yang tidak berbeda pada imbal hasilnya. Sedangkan dengan metode Jensen kinerja reksadana mempunyai perbedaan. Pada reksadana konvensional dan reksadana syariah saham menunjukkan kinerja return yang tidak berbeda, menggunakan metode Treynor, Sharpe dan Jensen
Corporate governance and leverage on firm value: Evidence of Indonesian large firms Perdana Wahyu Santosa; Any Setianingrum; Chadra Yusuf
Jurnal Keuangan dan Perbankan Vol 26, No 4 (2022): OCTOBER 2022
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jkdp.v26i4.7664

Abstract

This paper aims at the nexus of corporate governance, leverage, and firm value of selected Indonesian large firms in the 2014-2019 period. Specifically, the study is concerned about the effect of independent commissioner board size, institutional ownership, and audit committee size as proxies of corporate governance on firm value. The controlling variables are leverage and firm age. Panel regression analyzed secondary data collected from the LQ-45 index at Indonesia Stock Exchange firms as the large firms. The findings show that institutional ownership positively impacted firm value. However, the independent commissioner and audit committee exerted insignificant influence. The study results further showed that firm age and leverage significantly negatively impact firm value, respectively. Decisively, findings from this paper reflect that corporate governance positively influences firm value significantly. The study recommended that corporate governance dynamics in firms be empowered and re-examined, especially the audit committee's effectiveness. Both firm age and leverage do not affect productivity and firm value. The audit committee's role is more than optimal in carrying out the supervisory and control functions of the corporate management so that the responsibility of the management is considered transparent and results in an increase in shareholder trust. It is also recommended that the increase in firm age and excessive leverage be balanced with the creation of innovation and productivity of large firms.