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Journal : Jurnal Ekonomi

Analisis Perbandingan DER, ROA dan EVA pada Perusahaan Pertambangan Sebelum dan Sesudah Penerapan Peraturan Pemerintah No 1 Tahun 2014 Tentang Larangan Ekspor Mineral Mentah Ariani Ariani; Andewi Rokhmawati; Ahmad Fauzan Fathoni
Jurnal Ekonomi Vol 27, No 3 (2019)
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Riau

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (698.432 KB) | DOI: 10.31258/je.27.3.p.315-324

Abstract

The implemented of Government Regulation No.1 of 2014 concerning the ban on raw mineral exports aims to encourage companies to process mining products before they are sold. so that it is expected to be able to create added value that has an impact on the greater profits that will be obtained by the company. However, after this regulation was implemented, there was a decrease in the company's performance, which led to a decline in sales and a decline in the prices of mining companies' shares and an increase in the average debt in the mining sector. This study aims to determine the average difference in DER, ROA and EVA before and after the application of this Government Regulation. The population in this study were all mining companies listed on the Indonesia Stock Exchange in 2010-2017. Samples were collected on a purposive sampling technique from the criteria determined there were 26 samples selected. The data analysis method used is a different test of Willxocon Signed Rank Test using SPSS version 21. The results of this study indicate that: First there is no difference in DER for mining companies before and after the implementation of government regulations. Secondly there is a difference in ROA for mining companies after the application of government regulations. And thirdly there is a difference in EVA in mining companies after the implementation of government regulations in 2014.
THE EFFECT OF GOOD CORPORATE GOVERNANCE MECHANISM, FINANCIAL DISTRESS ON EARNING MANAGEMENT BEHAVIOR : EMPIRICAL STUDY IN PROPERTY AND INFRASTRUCTURE INDUSTRY IN INDONESIAN STOCK EXCHANGES Ahmad Fauzan Fathoni; Haryetti '; Errin Yani Wijaya; Muchsin '
Jurnal Ekonomi Vol 22, No 01 (2014)
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Riau

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (247.337 KB) | DOI: 10.31258/je.22.01.p.116-131

Abstract

The goal of this reseach is to examine the effect of Good Corporate GovernanceMechanism, Financial Distress on Earning Management Behaviour withFinancial Distress as inteveing variabel. We use some proxies to measure GoodCorporate Governance mechanism, namely: Manajerial Ownership, InstitusionalOwnership, Propotion of Independen Commissioners, and Audit Committee. Inaddition, Altman Z-scores is used as financial distress proxy.We use panel data that uses cross section and time series data from Property andInfrastructure Industry in Indonesian Stock Exhange during 2009-2011 periods.Ordinary Least Squared is used to analyze the data.The result shows that Managerial Ownership, Institutional Ownership, Propotionof Independen Commisioners, and the Number of Audit Committee have negativeeffect toward earning management behavior. On the other hand, only the numberof Audit committee and Proportion of Independen Commisioners variables thathave significant effect. Moreover, Financial Distress has positive effect onearning management but not significance. In addition to those results, themoderation effect shows that the firms that financially distressed tend to attemptto manipulate their earning even they have done Good Corporate Governancemechanism.Keywords : Good Corporate Governance Mechanism, Financial Distress,Earning Management Behavior
Pengaruh Informasi Kinerja Saham terhadap Pengambilan Keputusan Investasi dengan Herding Behavior sebagai Variabel Mediasi Winda Wulan Sari; Ahmad Fauzan Fathoni; Haryetti Haryetti
Jurnal Ekonomi Vol 27, No 3 (2019)
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Riau

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (707.517 KB) | DOI: 10.31258/je.27.3.p.282-292

Abstract

Investor often behave irrationally on investment decision making. Herding behavior is believed to occur in the capital market. This study aims to determine the effect of stock performance information on investment decision making with herding behavior as a mediating variable for investors who open securities accounts through the Investment Gallery at the University of Riau. The population in this study included all respondents' answers to the questionnaire that had been distributed through the google form. Primary data is collected by questionnaire as an instrument to prove the results of research, to test the hypothesis in this study is to use path analysis. The sampling technique that has been chosen is an incidental method that is giving the opportunity to the entire population to be sampled but will be re-elected according to the characteristics desired by the author (142 investors who invest more than 1 year). The results obtained showed that, First of all, information of stock performance has an effect on herding behavior. Secondly, information of stock performance influences investment decision making. Thirdly, herding behavior influences investment decision making. Finally, herding behavior is able to mediate the influence information of stock performance on investment decision making. The findings of this study were investors have an information but they still behave irrational as herding behavior on investment decision making.
Pengaruh Financial Literacy dan Investment Experience terhadap Risk Tolerance dan Investment Decision Nur Asfira; Andewi Rokhmawati; Ahmad Fauzan Fathoni
Jurnal Ekonomi Vol 27, No 4 (2019)
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Riau

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31258/je.27.4.p.340-352

Abstract

Data from the pre-survey results indicated that financial literacy, investment experience was in average good. While in risk-taking, investors tend to take low risks in making investment decisions. This study aims to determine the effects to financial literacy and investment experience on risk tolerance and investment decisions. The sampling technique that has been chosen is an incidental method that is giving an opportunity to the entire population to be sampled but will be re-elected according to the characteristics of 160 respondents. Primary data is collected by questionnaire as an instrument to prove the results of research, to test the hypothesis in the study is to use path analysis with the help of the SPSS program. The results of this study indicate that financial literacy and investment experience has a negative and significant effect on risk tolerance. Financial literacy and investment experience have a positive and significant effect on investment decision. Risk tolerance able to mediate the influence of financial literacy and investment experience on investment decisions. Risk tolerance has a negative and significant effect on investment decision. a good investment decision is influenced by the level of financial knowledge, investment experience, and risk analysis of the investor.