Claim Missing Document
Check
Articles

Found 3 Documents
Search

Diversification Strategy and Good Governance: Does It Affect Firm’s Leverage? Katiya Nahda; Azaria Lionara Rahmadana
Jurnal Keuangan dan Perbankan Vol 25, No 3 (2021): Juli 2021
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jkdp.v25i3.5758

Abstract

This paper aims to analyze whether firm diversification affects firm leverage in developing countries. This research model is based on the agency theory view that focuses on diversification in leverage through good governance mechanisms. The data comes from 43 companies from 215 observation companies listed on the Indonesia Stock Exchange in the 2014–2018 period, supporting the co-insurance hypothesis; our findings suggest a positive effect of diversification on debt levels. Our findings show that cost advantages occur in diversified firms, including higher debt ratios in the firm’s capital structure. These effects are more substantial when firms have better corporate governance. These findings add value to the existing literature on the relationship between firm diversification, corporate management, and leverage and can be helpful for managers and policy-makers regarding the evaluation of diversification strategy and corporate governance implementations in Indonesia that has been widely studied.DOI: 10.26905/jkdp.v25i3.5758
Diversifikasi korporasi dan biaya modal Katiya Nahda; Marwan Asri
Jurnal Siasat Bisnis Vol 21, No 2 (2017)
Publisher : Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jsb.vol21.iss2.art6

Abstract

Tujuan penelitian ini adalah menguji pengaruh diversifikasi usaha terhadap biaya modal dikaitkan dengan korelasi arus kas antar segmen serta tingkat kendala pendanaan yang dihadapi perusahaan. Model penelitian diuji dengan menggunakan sampel dari seluruh perusahaan di luar sektor keuangan yang terdaftar di Bursa Efek Indonesia periode 2010-2014 dengan metode Feasible Generalized Least Square (FGLS). Hasil penelitian menunjukkan diversifikasi usaha berpengaruh positif terhadap biaya modal secara keseluruhan. Namun, pengujian model secara parsial menunjukkan adanya perbedaan pengaruh diversifikasi terhadap biaya utang dan biaya ekuitas. Di satu sisi diversifikasi usaha menurunkan biaya utang, dan di sisi yang lain juga dapat meningkatkan biaya ekuitas. Temuan yang lain menunjukkan bahwa semakin rendah tingkat korelasi arus kas antar segmen usaha, semakin rendah biaya modal yang ditanggung perusahaan. Tingkat kendala pendanaan juga menunjukkan pengaruh signifikan dalam memoderasi hubungan diversifikasi usaha dengan biaya modal.
The Effect of Financial Literacy on MSME Performance Through Financial Access and Financial Risk Attitude as a Mediation Variable Anisa Salsabila Kemala Fikri; Katiya Nahda
Jurnal Economic Resource Vol. 6 No. 2 (2023): September - February
Publisher : Fakultas Ekonomi & Bisnis Universitas Muslim Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57178/jer.v6i2.664

Abstract

Micro, Small and Medium Enterprises (MSMEs) play an important role in increasing the rate of economic growth in developing countries, especially Indonesia. The purpose of this study is to test the variable that evaluates the performance of SMEs, namely the financial literacy of the organizers. Equipped with the median variable, namely access to financial facilities and financial risk tolerance. Through a quantitative approach and SEM data analysis. The sample numbered 165 respondents managing MSMEs in the Yogyakarta City area because they contributed a lot to the MSME sector in Indonesia. This study found a positive impact on financial literacy, access to finance and financial risk attitudes on the performance of MSMEs. It was also found that the mediating role of financial access and financial risk attitudes was related to the relationship between literacy and performance.