Article Per Year (5 Year)
p-Index From 2021 - 2026
1.325
P-Index
This Author published in this journals
All Journal JURNAL SISTEM INFORMASI BISNIS Jurnal Administrasi Bisnis Wacana, Jurnal Sosial dan Humaniora PROFIT : Jurnal Administrasi Bisnis AdBispreneur Jurnal Bisnis dan Manajemen JEMA: Jurnal Ilmiah Bidang Akuntansi dan Manajemen Journal of Secretary and Business Administration International Journal of Economics, Business and Accounting Research (IJEBAR) BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi Journal of International Conference Proceedings
Kusdi Rahardjo
Department Of Business Administration, Faculty Of Administrative Science, Universitas Brawijaya, Malang
Arts Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Electrical & Electronics Engineering Environmental Science Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Social Sciences

Published : 31 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 31 Documents
Search

 1   2   3   4 
The mediation role of financial literation in ensuring MSMEs sustainability: An organizational characteristics perspective Prasetya, Arik; Rahardjo, Kusdi; Mawardi, Mukhammad Kholid; Rustam Hidayat, Raden; Prakasa, Yudha
JEMA: Jurnal Ilmiah Bidang Akuntansi dan Manajemen Vol. 18 No. 1 (2021): JEMA: Jurnal Ilmiah Bidang Akuntansi dan Manajemen
Publisher : University of Islam Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31106/jema.v18i1.10356

Abstract

The Micro, Small, and Medium Enterprise (MSMEs) sector has been recognized as an essential contributor to the economic development of Indonesia. However, the sustainability of MSMEs in Indonesia is still relatively low compared to the rest of ASEAN countries with similar levels of economic growth. This study aims to extend previous studies on the relationship between MSMEs characteristics and their sustainability by specifically including financial literation as a mediation role. This study used proportional random sampling as a sampling technique. A total of 191 MSMEs owner-managers questionnaire data were processed by using Partial Least Square analysis. This study confirmed the positive influence of MSMEs characteristics on financial literacy and financial literacy on the sustainability of MSMEs. Moreover, financial literation proves to be a significant mediator of MSMEs sustainability. This study suggests that MSMEs owner-managers need to be financially literate as it can enable them to make a good financial decision that can ensure their business sustainability.
Business Model Value Chain: Competitiveness Entrepreneurial Retailing Traditional Second-hand Fashion Sakti, Trenggono Pujo; Rahardjo, Kusdi; Mawardi, M. Kholid
Wacana Journal of Social and Humanity Studies Vol. 26 No. 2 (2023): WACANA, Jurnal Sosial dan Humaniora
Publisher : Sekolah Pascasarjana Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.wacana.2023.026.02.06

Abstract

The research aims to utilize the business model value chain to analyze the competitiveness of entrepreneurial retailing of traditional second-hand fashion that potential strategies in Jember. Design qualitative research method case studies with single-case to in-depth interviews with owner/managers retail. The results showed formulating a business model retailing traditional second-hand fashion provides a new lens for competency area, and behavior focus on goal orientation that correlates to reducing surplus waste products and apparel through resale rather than being allocated to the waste system. Thus, research findings utilize the business model value chain on based-oriented: a) sorting, refurbishing, and cleaning as operations, b) innovative redistribution as outbound logistics, c) word-of-mouth as advertising, and d) fitting room simple as service. Therefore, revelatory of the competitiveness highlights the core competency of retailing traditional second-hand fashion on rethinking reducing post-consumer textile waste and further contributing to learning existing business practices. Keywords: value chain model, competitiveness entrepreneurial, retailing second-hand fashion, sustainability
PENGARUH KARAKTERISTIK PEKERJAAN TERHADAP LINGKUNGAN KERJA, STRES KERJA, KEPUASAN KERJA DAN ORGANIZATIONAL CITIZENSHIP BEHAVIOR (Studi pada Pegawai Rumah Sakit Umum Daerah Karel Saidsuitubun Langgur) Rahajaan, Thomas E. V.; Swasto, Bambang; Rahardjo, Kusdi
Profit: Jurnal Adminsitrasi Bisnis Vol. 6 No. 2 (2012): Profit : Jurnal Administrasi Bisnis
Publisher : FIA UB

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (220.826 KB)

Abstract

Studi  ini  adalah  explanatory  research. Tujuan dari studi ini untuk menganalisis dan menjelaskan: pengaruh Karateristik Pekerjaan terhadap Lingkungan  Kerja,  Stres  Kerja, Kepuasan  Kerja, dan Organizational Citizenship Behavior   (OCB). Lingkungan   Kerja   terhadap Stres Kerja, Kepuasan Kerja dan OCB. Pengaruh Stres Kerja  terhadap  Kepuasan  Kerja  dan OCB. Pengaruh  Kepuasan  Kerja  terhadap  OCB. Populasi penelitian   sebanyak  39  pegawai  non kesehatan, 170 pegawai   kesehatan yang bekerja di RSUD Karel Saisuitubun Langgur. Penarikan sampel menggunakan teknik random sampling yang dilanjutkan dengan proportionate random sampling sehingga diperoleh sampel pegawai non kesehatan 26 orang, pegawai kesehatan 111 orang. Pengumpulan data dengan menggunakan kuisioner. Hasil penelitian ini, menunjukan bahwa: (1) Karakteristik Pekerjaan berpengaruh signifikan terhadap Lingkungan Kerja. (2) Karakteristik Pekerjaan berpengaruh signifikan terhadap Stres Kerja, (3) Karakteristik Pekerjaan berpengaruh tidak signifikan terhadap Kepuasan Kerja. (4) Karateristik  Pekerjaan berpengaruh  tidak signifikan  terhadap  OCB. (5) Lingkungan Kerja berpengaruh signifikan  terhadap Stres Kerja. (6) Lingkungan   Kerja  berpengaruh signifikan terhadap  Kepuasan  Kerja. (7) Lingkungan  Kerja berpengaruh  signifikan  terhadap  OCB.  (8) Stres Kerja berpengaruh signifikan terhadap Kepuasan Kerja. (9) Stres Kerja berpengaruh signifikan terhadap OCB. (10) Kepuasan Kerja berpengaruh signifikan terhadap OCB.   Kata Kunci: Karakteristik Pekerjaan, Lingkungan Kerja, Stres Kerja, Kepuasan Kerja, OCB
THE INFLUENCE OF MACROECONOMIC AND MICROECONOMIC VARIABLES ON CAPITAL STRUCTURE AND FINANCIAL PERFORMANCE Nurlaily, Ferina; Suhadak, Suhadak; Rahardjo, Kusdi; Lydia Hsu, Wen-Hsi
Profit: Jurnal Adminsitrasi Bisnis Vol. 7 No. 1 (2013): Profit : Jurnal Administrasi Bisnis
Publisher : FIA UB

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (177.911 KB)

Abstract

Penelitian ini meneliti tentang pengaruh variabel makroekonomi dan mikroekonomi terhadap struktur modal dan kinerja keuangan dari Perusahaan-Perusahaan Makanan dan Minuman selama periode 2004-2010. Dengan menggunakan metode Partial Least Square (PLS), hasil menunjukkan bahwa variabel makroekonomi dan mikroekonomi memiliki pengaruh negatif yang signifikan terhadap kinerja keuangan. Sedangkan struktur modal menunjukkan pengaruh positif yang signifikan terhadap kinerja keuangan. Hal ini mengindikasikan bahwa perusahaan yang menguntungkan lebih bergantung pada hutang sebagai alat pembiayaan mereka yang utama.Kata kunci: Struktur modal,Indonesia, Kinerja Keuangan, Perusahaan Makanan dan MinumanThis research investigated the influence of macroeconomic and microeconomic variabl eon capital structure and financial performance of Indonesia Food and Beverage Companies during period 2004-2010. Using Partial Least Square Method, the result showed that Macroeconomic and Microeconomic Variable has significant negative influence on Financial Performance. However, the influence of Capital Structure on Financial Performance showed significantly positive. This suggested that profitable firms depend more on debt as their main financing option. Keywords: Capital Structure, Indonesia, Financial Performance, Food and Beverages Companies
THE INFLUENCE OF INVESTMENT OPPORTUNITY SET AND DIVIDEND POLICY ON CORPORATE VALUE: EVIDENCE FROM INDONESIA STOCK EXCHANGE Nugraha, Jaka; Suhadak, Suhadak; Rahardjo, Kusdi; Hung, Rern Jay
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 (324.93 KB)

Abstract

Penelitian ini bertujuan untuk melakukan penelitian mengenai pengaruh dari proksi ivestment opportunity set dan kebijakan deviden terhadap nilai perusahaan. Penelitian ini dilakukan di Bursa Efek Indonesia (BEI) senagai salah satu emerging market di dunia, dengan jumlah sampel yaitu 201 perusahaan dalam selama tahun 2009-2011. Penelitian ini memakai pendekatan Structural Equation Model dengan menggunakan Partial Least Square. Sesuai dengan hasil penelitian diketahui bahwa terdapat pengaruh positif antara proksi dari investment opportunity set terhadap kebijakan deviden. Selain itu, terdapat pengaruh positif antara proksi dari kebijakan deviden terhadap nilai perusahaan. Hasil tersebut sesuai dengan informational content of dividend yang menjelaskan bahwa deviden yang telah dibayarkan merupakan salah satu tanda bahwa perusahaan mempunyai pertumbuhan yang baik di masa yang akan datang. Hasil penelitian ini juga mendukung signaling theory yang menyatakan bahwa pembayaran deviden oleh perusahaan merupakan sebuah sinyal terhadap pasar modal. Hasil penelitian yang lainnya yaitu terdapat pengaruh positif antara proksi dari  investment opportunity set terhadap nilai perusahaan. Hasil tersebut sesuai dengan penelitian sebelumnya yang dilakukan oleh Fama (1978) yang menyatakan bahwa pengaruh langsung dari keputusan investasi terhadap nilai perusahaan akan sesuai dengan hasil yang diperoleh dari aktivitas investasi itu sendiri.   Kata kunci: Investment Opportunity Set, Kebijakan deviden, Nilai perusahaan, Emerging market.     The purpose of this paper is to investigate influences the proxy of investment opportunity set and dividend policy on corporate value. This study is tested in Indonesia Stock Exchange as one of emerging market which is contained 201 companies covering a 3-years period from 2009 to 2011. Structural equation modelling with Partial Least Square (PLS) is used in this study. This paper found a significantly positive influence between the proxies of investment opportunity set on dividend policy. In addition, there is a significantly positive influence between the proxies of dividend policy on corporate value. The result had consistently with informational content of dividend that explained that dividend paid was considered to be companies prospect in the future. This result also supported signaling theory that emphasize dividend paid is a signal on the market. The result also revealed a significantly positive influence between the proxies of investment opportunity set on corporate value. This result has supporting and consistently with research result by Fama (1978). Direct effect from investment decision on corporate value is results obtained of investment activity itself.   Keywords: Investment Opportunity Set, Dividend Policy, Corporate Value, Emerging Market
THE IMPACT OF MACROECONOMIC VARIABLES ON THE FLUCTUATION OF JAKARTA COMPOSITE INDEX (JCI) IN INDONESIA STOCK EXCHANGE (STUDY AT INDONESIA STOCK EXCHANGE FOR THE PERIOD OF 2003-2012) Parahita Nareswari, Lalitya Nindya; Suhadak, Suhadak; Rahardjo, Kusdi; Hung, Rern Jay
Profit: Jurnal Adminsitrasi Bisnis Vol. 8 No. 1 (2014): Profit : Jurnal Administrasi Bisnis
Publisher : FIA UB

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (299.652 KB)

Abstract

The purpose of this paper is to analyze the impact of macroeconomic variables on the fluctuation of Jakarta Composite Index (JCI) in Indonesia Stock Exchange. This research consists of four macroeconomic variables as independent variables; inflation, BI rate, exchange rate of rupiah against U.S. dollar and real GDP. The using of JCI as dependent variable is because of it reflects the price change in different types of stocks in the Indonesia capital market as generally. Ordinary Least Square (OLS) is used as data analysis technique. Quarterly data are obtained for the period of ten years starting from January 2003 until December 2012. Augmented Dickey Fuller (ADF) and Phillips-Perron (PP) Unit Root test is employed to check the stationary of data. The results show that data has autocorrelation problem, therefore modifying original equation is taken to take account of the serial correlation by transforming all the variables by r differencing using first differences (regressing yt – yt-1 and xt – xt-1). The result reveals that macroeconomic variables simultaneously have significant impact on JCI. In addition, there are significantly negative impact of BI rate and exchange rate on JCI. The result also reveals that inflation and real GDP do not have any significant impact on JCI. Keywords: Macroeconomic Variables, Inflation, BI Rate, Exchange Rate, Real GDP, Jakarta Composite Index (JCI)
THE INFLUENCE OF MACRO ECONOMY ON THE FIRM VALUE: INVESTMENT DECISION AS THE MEDIATING VARIABLE Lestari, Oktavia R.; Sukoharsono, Eko Ganis; Rahardjo, Kusdi; Hsu, Wen-Hsi Lydia
Profit: Jurnal Adminsitrasi Bisnis Vol. 8 No. 2 (2014): Profit : Jurnal Administrasi Bisnis
Publisher : FIA UB

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (85.681 KB)

Abstract

The purpose of this paper is to investigate the influence of macro economy on the firm value with investment decision as the mediating variable. This study is tested in Indonesia Stock Exchange as one of emerging market. The sample in this study is the manufacture companies listed on the Indonesia Stock Exchange in 4-years period from 2009-2012. Structural equation modelling with Partial Least Square (PLS) is used in this study. This paper found a significantly negative influence between macroeconomy and investment decision, and a significantly positive influence between investment decision and firm value. This paper also analyze whether investment decision can mediate the relationship between macroeconomy and firm value. The result showed that macroeconomy has a significant negative direct effect on the firm value. When investment decision appears on the relationship of macroeconomy and firm value, macroeconomy does not have significant negative influence on the firm value anymore. This result showed that when macroeconomy condition goes down, a firm can retain its value because that firm still earn the profit from its investment and that firm makes the best investment decision.   Keywords: Macroeconomy, Investment Decision, Firm Value, Partial Least Square
OPTIMALISASI STRATEGI INTEGRASI KELAPA SAWIT - SAPI PADA BADAN USAHA MILIK NEGARA (BUMN) PERKEBUNAN DI INDONESIA (Studi Kasus Pada PT. Perkebunan Nusantara III (Persero) Medan, Sumatera Utara) Argo, .; Rahardjo, Kusdi; Wicaksono, Karuniawan Puji
Profit: Jurnal Adminsitrasi Bisnis Vol. 9 No. 1 (2015): Profit : Jurnal Administrasi Bisnis
Publisher : FIA UB

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (209.463 KB) | DOI: 10.21776/ub.profit.2015.009.01.2

Abstract

The objectives of this research are to understand the condition of internal and external environment in applying the strategy of integration between palm oil plants and beef cattles on PTPN III (SOEs). This research also provide alternative strategies in order to optimize the strategy of integration between palm oil plants and beef cattles on PTPN III. The determination of strategy in terms of managerial and operational side. This research use the primary data obtained from, observation, interview and by distibuting questionnaries to the respondents. Its also use secondary data obtained from various medias. Analysis tools used are SWOT analysis (manajerial side) and linear programming (operational side). Based on SWOT analysis showed that PTPN III still has weaknesses internally in harnessing the strengths to overcome weaknesses. On other side PTPN III has provided a positive reponse to the opportunities and threats faced. Alternative strategies offered i.e. production costs efficiency, pursuing product development strategy, improve the technical maintenance of beef cattle, maximize production capacity, conducting training and recruiting human resources on animal husbandry sector, maximize the utilization of palm oil plants waste and insuring the assets owned. Based on linear programming analysis the alternative strategies offered are pursuing fattening system if  ADG development more than or equal to 0,4 kg per day and pursuing breeding system if ADG development less than or equal to 0,3 kg per day.  
ANALISIS LINGKUNGAN EKSTERNAL DAN INTERNAL DALAM MENYUSUN STRATEGI PERUSAHAAN (Studi Perencanaan Strategi Komoditi Kelapa Sawit Pada PT. Perkebunan Nusantara III (Persero)) Gunawan, Dedi Septiadi; Alhabsji, Taher; Rahardjo, Kusdi
Profit: Jurnal Adminsitrasi Bisnis Vol. 9 No. 1 (2015): Profit : Jurnal Administrasi Bisnis
Publisher : FIA UB

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1222.403 KB) | DOI: 10.21776/ub.profit.2015.009.01.3

Abstract

The purpose of this reserach was to gain corporate level strategy for PT. Perkebunan Nusantara III that lead company becoming a champ in competition and provide a sustainable growth. The object of this research is PTPN III (Persero). This type of applied research  use a quantitative approach. Method survey conducted by distributing questionnaires to the respondents as the primary data. Purposively selects respondents (purposive sampling). FDGs also conducted by five men palm oil industry players to determine the weight ang rating values on EFE, IFE, CPM, and QSPM Matrix. Secondary data were obtained from the company internal documentation and other relevant data sources. This research uses STEEPLE and Porter's Five Forces Model analysis approach to analyze the company external environment. For the Internal analysis using Value Chain analysis approach (VCA) to analyze its internal resources. Research tools used for strategy analysis are: SWOT, SPACE, BCG, IE, Grand Strategy, and QSPM Matrix. The research found that the strategy for PTPN III palm industri is Product Development Strategy and Foward Integration Strategy. Recommendations policies at the operational level that supports the selected strategies, includes: changes / additions of the company capital structure, the expansion of oil palm land area, development / downstream palm oil products that provide value-added products, and bench marking as a means of preparing HR and The best technology.  
THE INFLUENCE OF FIRM FINANCIAL PERFORMANCE ON DIVIDEND POLICY AND ITS EFFECT TO THE FIRM VALUE (Study at Manufacturer Companies Listed in Indonesia Stock Exchange for the Period of 2010-2012) Novita, Evaria; Rahardjo, Kusdi; Suyadi, Imam
Profit: Jurnal Adminsitrasi Bisnis Vol. 10 No. 2 (2016): Profit : Jurnal Administrasi Bisnis
Publisher : FIA UB

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (603.697 KB) | DOI: 10.21776/ub.profit.2016.010.02.3

Abstract

The objectives of this research are to analyze the influence of firm financial performance on dividend policy and its effect to the firm value of manufacturer companies listed in Indonesian Stock Exchange (IDX) for the periof of 2010-2012 and give recommendations as the completion upon this research. By applying  Generalized  Structured  Component  Analysis  (GSCA)  of  19  sample  used,  the  analysis attempts to examining the influence among variables. This research uses current ratio (CR), debt to equity ratio (DER), return on common equity (ROE), earning per share (EPS), and price to book value (PBV) as the variables of firm financial performance, dividend payout ratio (DPR) as the variable of dividend policy, and closing stock price as the variable of firm value. Result of the research reveal that CR has no significant influence on DPR, however CR has a positive and signifant influence on stock price. DER has no significant influence to the DPR and also to the stock price. ROE, EPS, and PBV has a positive and significant influence to the DPR and also to the stock price. Furthermore, DPR has a positive and significant influence on stock price. The present research confirms that firm financial performance, dividend policy, and firm value is the essential and important aspect for the investors in determining the profitable stocks. Therefore, it is very useful for investors to considerate these variable of research in order to make the right investment decisions and do stock trading confidently.
Co-Authors Alam, Titah Mustika Alfarez Fajar Sandhria Andriani Kusumawati Anggi Rizki Zaputri Anggun Pratiwi Antin Rakhmawati Argo, . Arik Darmawan Arik Prasetya Arik Prasetya, Arik Arina Idzna Mardlillah Bambang Swasto Bambang Swasto Sunuharyo Dedi Septiadi Gunawan Deliana, Marlina Eko Ganis Sukoharsono Eko Nurtjahjono, Gunawan Endang Siti Astuti Evaria Novita Ferina Nurlaily Hamidah Nayati Utami Ika Ruhana Imam Suyadi Jaka Nugraha Karuniawan Puji Wicaksono Lalitya Nindya Parahita Nareswari M. Djudi Mukzam M. Kholid Mawardi, M. Kholid Manuhutu, Meldi Martha, Ade Rio Mohamed Salem Masoud Zekri Muhammad Nizar Muhammad Nizar Mukhammad Kholid Mawardi Mustika, Silvia Indra Nasyadizi Nilamsar Noor Ni Made Maharani Dwi Ratnasari Nurul Faliha Oktavia R. Lestari Prisky Amalia Merike Cendera Kasih Raden Rustam Hidayat Rern Jay Hung Rustam Hidayat, Raden Sakti, Trenggono Pujo Silvia Indra Mustika Suhadak Suhadak Sumainah Fauziah Taher Alhabsji Thomas E. V. Rahajaan Tri Wulida Afriyanti Wen-Hsi Lydia Hsu Wen-Hsi Lydia Hsu Yudha Prakasa Yudha Prakasa