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FACTORS THAT DETERMINE DIVIDEND POLICY ON BANKING IN THE INDONESIA STOCK EXCHANGE Mega Febriani; Farah Margaretha
Business and Entrepreneurial Review Vol. 18 No. 2 (2018): OCTOBER 2018
Publisher : Universitas Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (743.282 KB) | DOI: 10.25105/ber.v18i2.5332

Abstract

The problem of this research was to test and analyze empirically the influence to financial characteristics, ownership structure and board structure that have significant effects on dividend decisions. The objective of this research was banking firm that listed in Indonesian Stock Exchange for period 2010-2017. The  methodology of this research was applies purposive sampling. The data obtained in this the secondary data was taken from Indonesian Stock Exchange. This research was panel least square model and processed using software eviews 9. Total number of samples is 27 companies. The purpose of this test is to prove the effect of the independent variables on the dependent variable.The result of this research shows that the financial characteristics, significant effected dividend decisions, meanwhile profitability, likuidity, free  cash  flow. Growth opportunity, age, size, leverage and asset tangibility does not effects the dividend decisions. Ownership structure significant effected dividend decisions, meanwhile institusional ownership and goverment ownership. And board structure significant effected dividend decisions, meanwhile independen director. The Managerial Implications from this research are how the company manages the capital sources from free cash flow and likuidity, how to make the company can be efficient in running the company and make earning.
Board Diversity Terhadap Underpricing IPO dan Firm Value pada Perusahaan terdaftar di Bursa Efek Indonesia (BEI) Rafi Altaf Tjaputra; Henny Setyo Lestari; Farah Margaretha
Journal of Management and Bussines (JOMB) Vol 5 No 2 (2023): Journal of Management and Bussines (JOMB)
Publisher : IPM2KPE

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31539/jomb.v5i2.6123

Abstract

This research aims to determine the effect of Board Diversity on IPO Underpricing and Firm Value in companies listed on the Indonesia Stock Exchange (BEI). This research method uses hypothesis testing method. Hypothesis testing in this research examines the influence of the variables Bsize, outside, AGE_SD, and woman on the underpricing and firm value variables. secondary data is data obtained indirectly. The data sources in this research were obtained from the BEI website (https://www.idx.co.id), investing.com website (https://www.investing.com). There are control variables, namely CAPEX, Age, leverage, ROA, size and new shares. The data used in this research is panel data, namely a combination of cross sectional and time series data on companies that conducted an IPO in 2017 on the IDX with observations for 5 years (2017 - 2021). In conclusion, that Board Size has no effect on IPO Underpricing and Board Size has a significant effect on Firm Value. Keywords : Board Diversity, Firm Value, IPO, Underpricing
Pengaruh Asset Tak Berwujud, Kebijakan Keuangan Dan Kinerja Keuangan Terhadap Nilai Perusahaan Pada Perusahaan LQ45 Dewi Perabawati; Eki Veronika; Jessica Novia; Reny Eryda; Farah Margaretha
RELASI : JURNAL EKONOMI Vol 18 No 2 (2022)
Publisher : STIE Mandala Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31967/relasi.v18i2.583

Abstract

The purpose of this study was to determine the effect of intangible assets, financial policies and financial performance on firm’s value. The population in this study are companies that are included in LQ45 on the Indonesia Stock Exchange (IDX). This study uses a purposive sampling method and gets a sample of 24 companies with an observation period from 2016-2019. The results showed that intangible assets had a significant positive effect on firm value. Financial policy calculated by dividends has no significant effect, while the measurement using leverage has a significant positive effect on firm value. Financial performance calculated by asset turnover and return on assets has a significant positive effect, while the calculation with the current ratio has no significant effect on firm’s value. The results of this study can be used by the company to determine the direction of policy and financial management to increase the firm’s value. Keywords: Asset turnover, Current ratio, Financial Performance, Financial Policies, Firm value, Intangible asset, leverage, return on asset
Penelitian Empiris Menyelidiki Dampak Dewan Perusahaan Terhadap Keputusan Leverage di Bank-Bank Indonesia Marji Uliansyah; Indra Maulana; Christy Yanwar Yosapat; Henny Setyo Lestari; Farah Margaretha
JURNAL MANAJEMEN PENDIDIKAN DAN ILMU SOSIAL Vol. 5 No. 3 (2024): Jurnal Manajemen Pendidikan dan Ilmu Sosial (April - Mei 2024)
Publisher : Dinasti Review

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/jmpis.v5i3.1877

Abstract

Tujuan dari penelitian ini adalah untuk menganalisis pengaruh jenis kelamin dewan direksi, ukuran dewan direksi, rapat dewan direksi, profitabilitas, kepemilikan dewan direksi, ukuran perusahaan, big4, dan pertumbuhan ekonomi terhadap tingkat leverage bank. Metode yang digunakan adalah metode regresi data panel yang terdiri dari common effect (pooled less square), fixed effect dan random effect. Hasil penelitian menunjukkan bahwa Board Female Gender, Board Meeting, Board Ownership, Profitability, Big4, Inflation berpengaruh terhadap Leverage. Board Size, Firm Size, Economic Growth tidak berpengaruh terhadap Leverage.
Decoding Financial Performance: The Role of Leverage and Market Risk in Indonesia's LQ45 Budiman Budiman; Farah Margaretha
Jurnal Akuntansi dan Keuangan Vol. 26 No. 2 (2024): NOVEMBER 2024
Publisher : Institute of Research and Community Outreach - Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.9744/jak.26.2.118-130

Abstract

This study examines the determinants of financial performance in LQ45 Index companies from 2018–2022. It focuses on factors such as equity multiplier, interest coverage, financial leverage, fixed charge coverage, debt to EBITDA, capitalization ratio, and market risk. Control variables include company age, sales growth, and firm size. Using multiple regression analysis on data from 48 companies, the study finds that interest coverage, fixed charge coverage, market risk, company age, and sales growth positively impact financial performance, while financial leverage, debt to EBITDA, capitalization ratio, and firm size have a negative effect. The equity multiplier shows no significant influence. The findings suggest maintaining high interest and fixed charge coverage ratios and effective risk management to enhance financial performance. Careful management of high debt to EBITDA levels is necessary to prevent negative impacts. Investors should consider these factors when assessing a company's financial health.
Pengaruh Karakteristik Dewan Direksi dan Tanggung Jawab Sosial Perusahaan terhadap Kinerja Keuangan yang di Moderasi Ukuran Bank pada Perbankan Indonesia Rakha Achmad Fadhillah; Farah Margaretha; Kristian Chandra
Management Studies and Entrepreneurship Journal (MSEJ) Vol. 7 No. 1 (2026): Management Studies and Entrepreneurship Journal (MSEJ)
Publisher : Yayasan Pendidikan Riset dan Pengembangan Intelektual (YRPI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/msej.v7i1.9725

Abstract

Penelitian ini bertujuan menganalisis karakteristik dewan direksi dan tanggung jawab sosial perusahaan terhadap kinerja keuangan dengan moderasi ukuran bank pada perbankan Indonesia. Variabel tata kelola yang dianalisis mencakup ukuran dewan, dewan independen, keberagaman gender, dan tanggung jawab sosial, serta variabel kinerja keuangan yaitu tingkat pengembalian aset (ROA), yang diukur dengan total pendapatan bersih dibagi total aset dan dan tingkat pengembalian ekuitas (ROE) total pendapatan bersih dibagi total ekuitas. Data sekunder diperoleh dari laporan keuangan dan tahunan perusahaan perbankan yang terdaftar di OJK periode 2019–2024. Sampel diperoleh dengan metode purposive sampling sebanyak 35 perusahaan, dengan total 150 observasi. Hasil penelitian menunjukkan bahwa tanggung jawab sosial, keberagaman gender memiliki pengaruh negatif signifikan terhadap ROA dan ROE. Sebaliknya, ukuran dewan, dewan independen dan tingkat pendidikan tidak berpengaruh terhadap kinerja keuangan. Untuk variabel tanggung jawab sosial dan keberagaman gender yang dimoderasi oleh ukuran bank berpengaruh terhadap ROA dan ROE. Penelitian ini menyarankan manajemen bank untuk meningkatkan alokasi anggaran pada aktivitas tanggung jawab sosial guna meningkatkan profitabilitas, mengarahkan program CSR pada aktivitas yang mendukung keberlanjutan bisnis, mengembangkan budaya kerja yang inklusif dan kolaboratif. Sebaliknya, saat ekonomi melemah, strategi konservatif seperti pengetatan kredit dan efisiensi biaya lebih relevan menjaga profitabilitas. Temuan ini juga memberikan gambaran kepada investor mengenai strategi bank dalam merespons perubahan kondisi ekonomi.
Analysis of the Impact of Social Investment of PT Bank Central Asia, Tbk on the Tourism Village Improvement Program Justin Saputra*; Farah Margaretha; Maria C Widiastuti
Riwayat: Educational Journal of History and Humanities Vol 7, No 3 (2024): July, Educational and Social Issue
Publisher : Universitas Syiah Kuala

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/jr.v7i3.39968

Abstract

This study was conducted to analyze the impact of a social investment made by PT Bank Central Asia, Tbk on the improvement of tourist villages by calculating the cost-benefit analysis the rate of return on social investment, the contribution of the program to the achievement of Sustainable Development Goals, as well as the analysis of the creation of Corporate Social Innovation in the tourist village improvement program. The results of this study prove that the cost-benefit analysis and the rate of return on social investment show positive numbers, which means that the positive benefits created are greater than the costs/investments incurred for the improvement of tourist villages. In addition, the tourism village improvement program contributes to the 6 points of the Sustainable Development Goals, as well as corporate social innovation created from the dimensions of accessibility, amenity, and attractions including the addition of new tour packages and increasing visitors' awareness of waste. The HR, Community, and Industry dimensions, include innovation in improving services, as well as creating a memorable experience for visitors. The Branding, Advertising Selling dimension includes increasing creativity in promotion on social media. The managerial implication of this research is that the tourism village development program creates long-term changes for beneficiaries, such as increasing income, increasing the skills and knowledge of local communities, creating economic independence, encouraging the use of technology in the tourism village operation business, and creating social innovation in developing the attraction aspect of a tourism village. These changes in impact create a good relationship between the company and program stakeholders, where social investment programs directly provide business benefits for the company, and support the company's commitment to achieving ESG, especially in social aspects
Penyuluhan Tentang Strategi Pemasaran  Digital Untuk UMKM Bagi Siswa Sekolah Kewirausahaan Bina Amanah Cordova Ayu Ekasari; Farah Margaretha; Christina Dwi Astuti; Oktafalia Marisa; Tri Indahyanti; Darra Pradita Hidayat
NuCSJo : Nusantara Community Service Journal Vol. 1 No. 4 (2025)
Publisher : Lembaga Penelitian Dan Publikasi Ilmiah (lppi) Yayasan Almahmudi Bin Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70437/nucsjo.v1i4.203

Abstract

Data dari Kementerian Koperasi dan UKM menunjukkan ada 64 juta UMKM di seluruh Indonesia yang menyumbang sekitar 60.5% terhadap Produk Domestik Bruto Indonesia dan menyerap kurang lebih 97% total tenaga kerja (Redaksi, 2025). Masih dari Redaksi ( 2025) Pemerintah telah merancang berbagai program untuk pengembangan UMKM seperti digitalisasi,pemberian Kredit Usaha Rakyat (KUR) dengan syarat dan bunga ringan, perlindungan terhadap UMKM melalui regulasi serta penyuluhan, pelatihan dan pendampingan. Pengabdian Kepada Masyarakat yang dilaksanakan oleh Fakultas Ekonomi dan Bisnis Universitas Trisakti bertujuan memberi pemahaman kepada para siswa Sekolah Bina Amanah Kewirausahaan Cordova di Jurang Mangu, Tangerang Selatan mengenai pentingnya mempromosikan usaha mereka melalui strategi komunikasi pemasaran digital yang tepat. Penyuluhan ini dilandasi oleh berkembangnya berbagai cara promosi yang memanfaatkan teknologi digital dan belum banyak dipraktekkan oleh para siswa yang juga merupakan pelaku UMKM. Metode penyuluhan yang digunakan adalah presentasi materi, tanya jawab serta diskusi. Sebelum dan setelah penyuluhan , peserta diminta menjawab pertanyaan tentang strategi komunikasi pemasaran digital. Dari hasil analisa jawaban peserta, terdapat peningkatan pemahaman mereka mengenai strategi komunikasi pemasaran digital. Dengan demikian, penyuluhan tentang strategi komunikasi pemasaran digital ini cukup berhasil dan dapat ditindaklanjuti untuk memberikan pelatihan praktek menggunakan pemasaran digital.
Pengaruh Karakteristik Dewan dan Struktur Kepemilikan Terhadap Kinerja Keuangan Perbankan di Indonesia Adhi Nugroho; Dita Evelyn Elintra Kloko; Henny Setyo Lestari; Farah Margaretha
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 7 No. 4 (2025): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v7i4.6513

Abstract

To analyze the effect of board independence, board size, board meetings, managerial ownership, foreign ownership and control variables, namely firm size and firm age on financial performance (Tobin's Q).  This research includes quantitative research. The sample in this study were 38 banks in Indonesia with 190 observations in 5 years (2019 - 2023). The data used is secondary data and the data is obtained from companies that publish financial reports and annual reports. The sample withdrawal technique in this study is based on purposive sampling method with certain criteria. Panel data regression analysis was used in this study with the Eviews 12 software analysis tool. The results of this study are Board independence has an effect on financial. Board size has no effect on financial performance as expressed by Tobin's Q. Board meetings have an effect on financial performance. Managerial ownership has no effect on financial performance.  Foreign ownership has no effect on financial performance. Firm size affects board characteristics and ownership on financial performance.  Firm age does not affect board characteristics and ownership on financial performance. 
The Effect of Credit Risk Management on Financial Performance in the Banking Industry Listed on the Indonesia Stock Exchange Amelinda Fairuz Azura; Pramesti Baskoro Dewi; Indri Ilma Yuannitha; Henny Setyo Lestari; Farah Margaretha
Journal of Social Research Vol. 3 No. 1 (2023): Journal of Social Research
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/josr.v3i1.1884

Abstract

This study aims to empirically test credit risk management on financial performance measured by return on assets and return on equity at commercial banks listed on the Indonesian stock exchange in 2020-2022. The data was collected from 44 banks and examined by applying standard descriptive statistics and the random effect model for hypothesis testing. It is concluded from the regression outcomes that only loan to deposit ratio which has not a significant impact to return on asset but only loan to deposit ratio, risk asset ratio, and size are have a significant impact to return on equity. Based on these findings, it is suggested that bank companies must watch carefully the loans’ performance and analyze thoroughly the clients’ credit history an ability to pay back their debts prior to any approval of loan applications. The researchers recommend that future studies on credit risk management influence on banks’ financial performance should consider more independent variables and longer periods of study such as twenty or thirty years to have more accuracy and generalized results.