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Determinan Struktur Modal dan Dampaknya terhadap Nilai Perusahaan (Studi pada Perusahaan Makanan dan Minuman di Bursa Efek Indonesia) Sari, Dessy Handa; Djazuli, Atim; Aisjah, Siti
Jurnal Aplikasi Manajemen Vol. 11 No. 1 (2013)
Publisher : Universitas Brawijaya, Indonesia

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

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The study aimed at measuring and analyzing the effects of probability, firm size, growth, assetstructure and non debt tax shield to the capital structure and the impact to the firm value of food andbeverage companies in the Indonesian Stock Exchange. It is expected the results of the research able to givecontribution for study development about financial management, especially at the capital structure andfirm value. Study population is the food and beverage companies that is listed in the Indonesian StockExchange 2005-2011, in data collection, the census method was used. The regression of two stage methodwas used to analyze the qualitative data. The study results are to find the influence between profitability,firm size and capital structure, but did not find influence between able growth, asset structure and non debttax shield to capital structure, and the influence capital structure and firm value.
Cognitive Drivers of Investment Behavior: Analyzing the Mediation-Moderation Model on Herding Behavior among Gen-Z Investors Siti Aisjah; Wildan Fadhila; Cicik Retno Wati; Atim Djazuli; Sri Palupi Prabandari
Management Analysis Journal Vol. 14 No. 3 (2025): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v14i3.33498

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This study examined the influence of herding behavior on investment behavior with risk tolerance as a mediator and financial literacy as a moderator. Since Investment participation among young generations in Indonesia has grown significantly, yet behavioral biases such as herding continue to undermine rational decision-making Previous studies reported inconsistent findings regarding the direct impact of herding on investment behavior, leaving an important research gap. A quantitative approach was employed using survey data from 386 Gen Z investors in East Java, analyzed with SEM-PLS. The results confirmed that herding significantly affected both investment behavior and risk tolerance, while risk tolerance strongly influenced investment behavior and partially mediated the herding–investment link. Moreover, financial literacy strengthened the effect of herding on investment behavior. The findings imply that improving financial literacy and strengthening risk management education are essential for fostering rational investment decisions. Future research should expand the demographic scope and additional psychological and social factors to the model.
Pembinaan Sosial Media Marketing di Niki Kerupuk Tuna Kota Malang Moko, Wahdiyat; Djazuli, Atim; Imtiyaz, Muhammad Daffa; Venus, Muhammad; Rabbani, Riza; Aini, Maya Faridhotul; Abanan, M. Zuhri Ramadhani
Jurnal Pengabdian kepada Masyarakat Nusantara Vol. 6 No. 1.1 (2024): Jurnal Pengabdian kepada Masyarakat Nusantara (JPkMN) SPECIAL ISSUE
Publisher : Lembaga Dongan Dosen

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Abstract

Dalam era digital yang semakin kompetitif, pelaku Usaha Mikro, Kecil, dan Menengah (UMKM) di Indonesia, termasuk di Kota Malang, menghadapi tantangan besar dalam mempertahankan dan meningkatkan daya saing bisnis mereka. Di antara tantangan tersebut, keterbatasan dalam pemahaman dan penerapan digital marketing menjadi salah satu faktor penghambat utama dalam mendorong pertumbuhan dan ekspansi bisnis. Pengabdian kepada masyarakat ini bertujuan untuk mengatasi kesenjangan tersebut melalui pelatihan yang komprehensif, mencakup strategi digital marketing dan analisis media sosial, yang dirancang khusus untuk pelaku UMKM di bidang olahan makanan kerupuk ringan. Dengan memanfaatkan media sosial sebagai platform pemasaran yang efektif, UMKM dapat meningkatkan eksposur produk mereka secara signifikan dan menjangkau pasar yang lebih luas. Urgensi pelatihan ini didasarkan pada kebutuhan mendesak untuk membekali pelaku UMKM dengan keterampilan digital yang relevan, guna memperkuat posisi mereka di pasar dan memastikan keberlanjutan bisnis di tengah persaingan global. Hasil dari pengabdian ini menunjukkan peningkatan yang nyata dalam kapasitas digital peserta, yang berimplikasi pada penguatan strategi bisnis mereka dan peningkatan kinerja usaha.
The effect of fundamental and technical variables on stock price (Study on manufacturing companies listed in Indonesia Stock Exchange) Astutik, Eva Dwi; Surachman, Surachman; Djazuli, Atim
Journal of Economics, Business, and Accountancy Ventura Vol. 17 No. 3 (2014): December 2014
Publisher : Universitas Hayam Wuruk Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v17i3.356

Abstract

A capital market is any trade in securities which are called stock  exchanges. In the capital market, the sellers and buyers meet in order to raise capital. More specifically, stock price used by investors is one of the important information before deciding investment. Therefore, the investors must have guidelines when investing to be done. This study aims to analyze the effect of fundamental and technical variables on stock prices. The variables used in this study are Debt Equity Ratio (DER), Return On Equity (ROE), Price Earnings Ratio (PER), Interest Rates (IR), and Exchange Rates (ER). Data analysis was performed on 45 manufacturing companies listed in Indonesia stock Exchange during 2007-2011 by using multiple analysis regression. The results showed that Return on Equity, Price Earnings Ratio and Exchange Rate have positive effect to stock prices, but Debt to Equity Ratio and Interest Rates has no effect on stock prices. The practical implication is that in determining stock prices not only from the company's internal factors, but also from external companies.
Reaksi Pasar Modal Indonesia Terhadap Peristiwa Pemilihan Gubernur DKI Jakarta Putaran II 2012 (Event Study pada Saham Anggota Indeks Kompas 100) Wardhani, Laksmi Swastika; Djazuli, Atim
Jurnal Ilmiah Mahasiswa FEB Vol. 1 No. 1
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

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Abstract

Abstract: This research is an event study that aims to discover whether there is any empirical evidence of the Indonesia capital market reaction to one of the political events in the country, namely Jakarta Governor Election 2012 Round II, by using indicator abnormal return and trading volume activity. Population in this research is the stocks included in the Kompas 100 index on the Indonesia Stock Exchange, and the data used in this research are secondary data consists of daily stock prices, daily share trading volume, and daily stock prices index during the five days before, one day at the time of, and five days after the event. Statistical tool used to test the hypothesis is t-test and Wilcoxon Signed Rank Test. T-test calculation results indicate that there are significant positive value of abnormal return at a few days around the event date, which means the market responds to this event as a good news. While the results of Wilcoxon Signed Rank Test prove that there is a significant difference between the average abnormal return in the period at the time of-after the event, but not significant in the period before-at the time of and the period before-after the event. The results of Wilcoxon Signed Rank Test also shows that there are significant differences between the average trading volume activity in the period before-at the time of and the period at the time of-after the event, but not significant in the period before-after the event. Keywords: Capital Markets, Event Study, Abnormal Returns, Trading Volume Activity
Pengaruh Pengungkapan Corporate Social Responsibility Dan Kinerja Keuangan Perusahaan Terhadap Return Saham Perusahaan di Indeks LQ45 Bursa Efek Indonesia Periode 2008-2010 Budi, Tomas Setya Wahyu; Djazuli, Atim
Jurnal Ilmiah Mahasiswa FEB Vol. 1 No. 2
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

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Abstract

This research investigates the effect of corporate social responsibility disclosure and firm financial performance of stock return by analyzed the performance on the companies that have made the disclosure of corporate social responsibility and corporate performance reports disclose in its annual report. The research was conducted at the companies that listed in the LQ45 Index of Indonesia Stock Exchange. The data that was analyzed is an quantitative data in the form of time series in 2008-2010. Those quantitative data in the form was such as calculation of stock return, calculation of Corporate Social Responsibility Disclosure (CSRDi), as well as the firm’s financial performance (NPM, ROA, EPS, PER). Data analysis using descriptive analysis, multiple linear regression analysis, and statistical tests. There are findings in this study that the effect of the simultaneous of Corporate Social Responsibility disclosure as measured by the Index of Corporate Social Responsibility Disclosure and Firm Financial Performance is measured by the NPM, ROA, EPS and PER have a positive influence on stock returns of listed companies in the LQ45 index IDX. The following variables in partially test, Corporate Social Responsibility Disclosure, Return On Asetss (ROA), Earning Per Share (EPS) have a positive effect on stock prices of listed companies in the LQ45 index IDX. Keywords: Stock Return, Corporate Social Responsibility, Firms Financial Performance
Pengaruh Dow Jones Industrial Average, Deutscher Aktienindex, Shanghai Stock Exchange Composite Index, dan Straits Times Index Terhadap Indeks Harga Saham Gabungan di Bursa Efek Indonesia (Periode 2010 – 2012) Tamara, Shevanda Febrilia; Djazuli, Atim
Jurnal Ilmiah Mahasiswa FEB Vol. 1 No. 2
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

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Abstract

This research aimed to know and analyze the effect of Dow Jones Industrial Average, Deutscher Aktienindex, Shanghai Stock Exchange Composite Index, and Straits Times Index to Indeks Harga Saham Gabungan. The data used in this research are monthly data from January 2010 to December 2012. In this research, methods of data analysis used were multiple linear regression. The results of this research shows that simultaneously Dow Jones Industrial Average, Deutscher Aktienindex, Shanghai Stock Exchange Composite Index, and Straits Times Index affect the movement of Indeks Harga Saham Gabungan. But, partially only Dow Jones Industrial Average, Shanghai Stock Exchange Composite Index, and Straits Times Index that have significant effect to Indeks Harga Saham Gabungan. During the observation period, Dow Jones Industrial Average and Straits Times Index have a positive effect to Indeks Harga Saham Gabungan. While Shanghai Stock Exchange Composite Index have a negative effect to Indeks Harga Saham Gabungan. Keywords: Dow Jones Industrial Average, Deutscher Aktienindex, Shanghai Stock Exchange Composite Index, Straits Times Index, Indeks Harga Saham Gabungan
PENGUJIAN THE DAY OF THE WEEK EFFECT, WEEK FOUR EFFECT, DAN ROGALSKY EFFECT TERHADAP RETURN SAHAM LQ-45 DI BURSA EFEK INDONESIA aji, Lutfi; Djazuli, Atim
Jurnal Ilmiah Mahasiswa FEB Vol. 2 No. 1
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

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Abstract

Market anomaly can be describe as a technique or strategy that appear to contradict efficient market. Some reaserch about this phenomena in Indonesia Stock Exchange have defferent result. The purpose of this research is to examine the appereance daily market anomaly that are the day of the week effect, week four effect, and rogalsky effect toward stock return in Indonesia Stock Exchange January-desember 2012 period Sampel of this research is selected by using purposive sampling technique. This research samples are 35 active stocks wich is listing in LQ-45 index in Indonesia Stock Exchange. Type of data which is used is secondary data that are open and closing daily stock price during Januari-Desember 2012. The statistic methods which are used to test hypotheses are Kruskall-Wallis test, Wilcoxon right side test, and Wilcoxon left side test. The result show that the day of the week effect and week four effect exist in Indonesia Stock Exchange, but rogalsky effect doesn’t exist in Indonesia Stock Exchange during Januari-Desember 2012. Key words: stock return, the day of the week effect, week-four effect, rogalsky effect.
PENGARUH RETURN ON INVESTMENT, CURRENT RATIO, DEBT TO EQUITY RATIO TERHADAP DIVIDEND PAYOUT RATIO (Studi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia ) Wijaya, Fabio Putra; Djazuli, Atim
Jurnal Ilmiah Mahasiswa FEB Vol. 2 No. 1
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

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Abstract

Dividen adalah bagian dari laba yang diberikan kepada para pemegang saham yang tergantung pada kebijakan dividen masing-masing perusahaan. Penelitian ini bertujuan untuk mengetahui seberapa besar faktor-faktor Return On Investment, Current Ratio, dan Debt to Equity Ratio berpengaruh terhadap Dividend Payout Ratio. Populasi dalam penelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode tahun 2009-2011. Sampel penelitian ini diambil dengan menggunakan teknik Purposive Sampling, yaitu pemilihan anggota sampel berdasarkan kriterian-kriteria tertentu. Alat analisis yang digunakan dalam penelitian ini adalah regresi linear berganda. Berdasarkan penelitian ini, secara simultan Return On Investment, Current Ratio, dan Debt to Equity Ratio berpengaruh signifikan terhadap Dividend Payout Ratio. Return On Investment dan Current Ratio secara parsial berpengaruh signifikan terhadap Dividend Payout Ratio, sedangkan Debt to Equity Ratio secara parsial tidak berpengaruh. Variabel Return On Investment merupakan variabel yang memiliki pengaruh dominan terhadap Dividend Payout Ratio.   Kata Kunci : Dividend Payout Ratio, Return On Investment, Current Ratio, Debt to Equity Ratio
ANALISIS TINGKAT KESEHATAN BANK UMUM DENGAN MENGGUNAKAN METODE CAMELS (Studi pada Bank Umum Swasta Nasional Devisa yang Terdaftar di BEI) Christianto, Vincentius; Djazuli, Atim
Jurnal Ilmiah Mahasiswa FEB Vol. 2 No. 2
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

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Abstract

Bank sebagai lembaga intermediasi  memainkan peran yang sangat penting dalam menggerakkan perekonomian suatu negara. Dalam menjalankan perannya bank wajib dikelola dengan hati  –  hati dan perlunya pengawasan khusus dari pemerintah. Bank Indonesia sebagai otoritas telah mengeluarkan peraturan mengenai penilaian tingkat kesehatan perbankan melalui peraturan Bank Indonesia No. 6/10/PBI/2004 tanggal 12 April 2004 yang berisi tentang panduan dalam menilai tingkat kesehatan bank. Peraturan perbankan yang baru dalam menilai tingkat kesehatan bank digunakan analisis CAMELS (Capital, Asset Quality, Management, Earning, Liquidity and Sensitivity to Market Risk).   Penelitian ini bertujuan  untuk mengetahui perkembangan tingkat kesehatan  pada Bank Umum Swasta Nasional (BUSN) Devisa dengan penilaian apakah bank tersebut dalam kondisi yang sehat, cukup sehat, kurang sehat, dan tidak sehat. Penelitian ini menggunakan metode CAMELS dengan rasio keuangan CAR, NPL, BOPO, ROA, ROE, NIM, LDR, dan RGR. Data yang digunakan dalam penelitian ini diperoleh dari data Laporan Keuangan Publikasi Tahunan Bank Umum periode 2010 – 2012. Populasi dalam penelitian ini adalah  bank umum  konvensional di Indonesia. Dengan melewati tahap purposive sampling  terdapat 12  sampel Bank Umum Swasta Nasional (BUSN) Devisa  yang terdaftar di BEI periode tahun 2010-2012. Metode analisis data yang digunakan adalah metode analisis deskriptif kuantitatif guna menjelaskan penilaian tingkat kesehatan bank dengan menggunakan metode CAMELS berdasarkan peringkat komposit setiap faktor. Hasil penelitian ini menunjukkan apakah bank tersebut dalam kondisi yang sehat, cukup sehat, kurang sehat, dan tidak sehat  selama periode penelitian. Berdasarkan hasil perhitungan CAR bank yang diteliti berada dalam kondisi sehat dan diatas standar yang diberikan Bank Indonesia. Pada penilaian kualitas aset yang dimiliki sebagian besar bank berada dalam kondisi sehat meskipun terdapat dua bank yang pernah mengalami kondisi cukup sehat atau berada pada peringkat 3. Hasil perhitungan BOPO menunjukkan bank  umum berada dalam kondisi sehat selama periode penelitian. Pengukuran rentabilitas dinilai dengan 3 rasio dimana ROA, ROE dan NIM sebagian besar menunjukkan berada dalam kondisi sehat. Faktor likuiditas berdasarkan perhitungan LDR menunjukkan masih ada dua bank yang berada dalam kondisi kurang sehat. Sensitivitas pada resiko pasar diperoleh dari perhitungan RGR dimana sebagian besar bank masih berada dalam kondisi sehat. Kata kunci: CAR, NPL, BOPO, ROA, ROE, NIM, LDR, RGR
Co-Authors . Djumahir . Djumahir Abanan, M. Zuhri Ramadhani Abrian Amir Rahman Abrian, Gusti Awang Aini, Maya Faridhotul AINUR ROFIQ Al Kautsar, Odi Arifin Sabeni Aster Indah Widowati Aster Indah Widowati Atika, Nurul Bambang Subroto Cicik Retno Wati Dedi Suselo Defin Shahrial Putra Deni, Febrianto Frans Dessy Handa Sari Dewi, Kadek Ayu Silvi Septya Dian Meithasari Djawahir, Helmy Djumahir A Djumahir Djumahir Ericson M Erlin Yulia Rahma Erlin Yulia Rahma Eva Dwi Astutik Eva Dwi Astutik Fabio Putra Wijaya Fadhila, Wildan Fani Wahyu Utomo Feryal Agizha H.M. HARRY - SUSANTO H.M. HARRY - SUSANTO Hanif Rani Iswari Harits, Abdul Gamal Hatiuran, Kezia Agustina Helmy Djawahir Herdina, Ajeng Mira Himmiyatul Amanah Jiwa Juwita Himmiyatul Amanah Jiwa Juwita Ignatia Thomasita Bau Mau Imtiyaz, Muhammad Daffa Izza, Alfiano Kusuma Ratnawati Laili, Choirun Nisful Laksmi Swastika Wardhani Lutfi aji Luthfiyah, Viviani M Taufik Akbar M, Ericson M. Syafi’ie - Idrus M. Syafi’ie - Idrus Made Sudarma Mau, Ignatia Thomasita Bau Mila Diana Sari, Mila Diana Mohammad Reza Muhammad Husnul Hilal Murtianingsih Murtianingsih, Murtianingsih Nabella, Efryca Ayu Najubah, Zian Nawianto, Syaifurridzal Nindya Gitaya Nur Khusniyah Indrawati Odi Al Kautsar P., Moeljadi Pratiwi, Risma Pristia Hanum Ramadhani PUJI ASTUTIK Puji Astutik PUTRI, SELLYNDAH PRIMADANI Rabbani, Riza Rahajeng, Riyan Pinasti Rahman, Abrian Amir Raisa Fitri Ramadhani, Pristia Hanum RIKI RIKI, RIKI Risma Pratiwi Risna Wijayanti Riyan Pinasti Rahajeng Rofiaty, Rofiaty Roni, Hamam S.M. Kiptiyah - - Safina Syabani Aisyah SELLYNDAH PRIMADANI PUTRI Shevanda Febrilia Tamara Sihombing, Ruth Vrinida Sitepu, Rafi Ashari Siti Aisjah SLAMAT HARIJONO ARITONANG Sri Dewi Yusuf Sri Palupi Prabandari Sudjatno, Sudjatno Sumarsono Sumarsono Surachman Surachman Surachman Surachman Tomas Setya Wahyu Budi Ubud Salim Utomo, Fani Wahyu Venus, Muhammad Vincentius Christianto Wahdiyat Moko Wandari, Rosita Wati, Cicik Retno Wildan Fadhila Yovita Leyla Pradipta Yulianti - - Yunita Castelia Arisadi Yusuf, Dimas Maulana