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Pengaruh Leverage Operasi, Leverage Keuangan, dan Karakteristik Perusahaan terhadap Risiko Sistematik Saham: Studi Empirik pada Emiten Sektor Pertambangan di Bursa Efek Indonesia Bram Hadianto; Lauw Tjun Tjun
Jurnal Akuntansi Vol. 1 No. 1 (2009)
Publisher : Universitas Kristen Maranatha

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28932/jam.v1i1.379

Abstract

Systematic risk or beta is a risk that considered by investor as relevant risk in investing stock. Therefore, factors that influence beta remark important. The aim of this research is to know the impact of operating leverage, financial leverage, and firm’s characteristic on the systematic risk of mining sector stocks. Firm characteristic is proxied by qualitative dummy variable with two categories. First category consists of LQ45 index constituent mining companies and the second is excluding group of LQ45 index constituent mining companies. This research employs ANCOVA model with pooled data. The result states that operating leverage and the financial leverage have no impact on systematic risk. Firm characteristic is positively impact on systematic risk. In other words, the systematic risk of LQ45 index constituent mining companies group is higher than the excluding group of LQ45 index constituent mining companies. Keywords: Systematic risk, Firm characteristic.
Pengaruh Profitabilitas dan Kesempatan Investasi terhadap Kebijakan Dividen: Studi Empirik pada Emiten Pembentuk Indeks LQ45 di Bursa Efek Indonesia Elyzabet Indrawati Marpaung; Bram Hadianto
Jurnal Akuntansi Vol. 1 No. 1 (2009)
Publisher : Universitas Kristen Maranatha

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28932/jam.v1i1.382

Abstract

The purpose of this research is to find the impact of profitability and investment opportunity on dividend policy. In this research, Sales Growth (SG) and Market To Book Value Ratio (MTBV) are proxies of the investment opportunity. Purposive sampling is used as sampling technique. The sample is taken from LQ45 index constituent company for year of 2004 until 2006. In this period, every company must pay dividend consistently. The polled data regression model is conducted as method of analysis. The results state that profitability and market to book ratio have positive impact on dividend policy. Sales growth has no impact on dividend policy. Keywords: profitability, market to book value ratio, dividend policy.
Board Governance and Debt Cost: Evidence from technology companies listed on the Indonesian capital market Widarmawan, Natasha Cindy; Hadianto, Bram
Owner : Riset dan Jurnal Akuntansi Vol. 9 No. 2 (2025): Artikel Riset April 2025
Publisher : Politeknik Ganesha Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33395/owner.v9i2.2721

Abstract

Debt cost is critical in strategic corporate decision-making, particularly for creditors and investors prioritizing fund recovery assurance. At the same time, top management must mitigate financial risks by establishing an optimal financing structure. This investigation aims to inspect the determinants of the cost of debt. According to the governance mechanism, one of the determinants is the supervisory board, which is quantifiable through the total number of people in this position and its independence. Furthermore, this investigation uses a quantitative design to verify the hypotheses, the saturated sampling method to select the Indonesian capital market technology companies between 2018 and 2023, the regression model with pooling data estimated by ordinary least squares (OLS), and the t-statistic to examine the hypotheses, and the generalized method of moments (GMM) to check the robustness of pooling data. Based on the estimation, both GMM and OLS provide an equal tendency, making the data robust. Overall, the size of the supervisory board has a positive influence on the cost of debt, but its independence has a negative one. Based on these circumstances, technology companies should establish a small supervisory board to reduce debt costs and consider additional outside supervisory boards to further decrease this cost.
The Personal Debt Management Literacy for the Participants affiliated with Penabur Christian Education Agency Foundation in Cirebon Peter, Peter; Iskandar, Dini; Herlina, Herlina; Martalena, Martalena; Wahyusaputra, Tedy; Hadianto, Bram
Abdimas Galuh Vol 7, No 2 (2025): September 2025
Publisher : Universitas Galuh

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25157/ag.v7i2.18611

Abstract

This community service aims to make the participants associated with Penabur Christian Education Agency Foundation in Cirebon comprehend debt management by delivering knowledge of credit cards, pawnshops, pay-later, and online peer-to-peer lending platforms. Because of the numerous people, the keynote speaker utilizes the lecture technique to deliver them, followed by a question-and-answer section. Furthermore, this committee designed the related multiple choice questions through the questionnaire and asked the participants to complete them before and after the material delivery (MD) to know this effectiveness. As a result, 70.95% of precise answers exist after MD, elevated from 65.77% of precise ones before MD. This situation indicates that the participants understand this debt literacy well. Indeed, by having it, they can correctly decide the debt sources used to avoid financial problems.
Financial Literacy To Create A Bright Future Peter, Peter; Hadianto, Bram; Raihin, Yusuf Osman; Aribowo , Agus; Tan , Ming Kuang
Prima Abdika: Jurnal Pengabdian Masyarakat Vol. 4 No. 1 (2024): Volume 4 Nomor 1 Tahun 2024
Publisher : Program Studi Pendidikan Guru Sekolah Dasar Universitas Flores Ende

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37478/abdika.v4i1.3343

Abstract

This service to the community aims to prove the effectiveness of financial literacy substances delivered, i.e., financial, investment, and retirement planning, to the related people in Badan Pendidikan Kristen (BPK) Penabur Metro in Lampung Province. This is due to their inadequate knowledge, obtained after the Maranatha Christian University team interviewed the chief of BPK Penabur Metro. Furthermore, the questions of Chen and Volpe (1988) are utilized to evaluate the success of this event based on the precise answers (PA). Moreover, their percentage gets statistically compared after and before the material delivery (MD). To deliver materials, the presenters utilize the lecture technique. Besides, the discussion is utilized to answer participants' curiosity about the topics. Based on this statistical examination, the portion of PA after the MD is higher than that before the MD, where the level is 62.45% and 36.58%, respectively. In other words, this service to the community successfully elevates their ability to answer these questions.
Destination image, unforgettable traveling experience, and revisit intention: Viewpoint from tourists visiting cultural attraction Dagustani, Asyrafil Herza; Tjahyadi, Rully Arlan; Hadianto, Bram
Jurnal Manajemen Strategi dan Aplikasi Bisnis Vol 6 No 2 (2023)
Publisher : Lembaga Pengembangan Manajemen dan Publikasi Imperium

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36407/jmsab.v6i2.1039

Abstract

Bandung is recognized as a flower city because of its beauty. Besides, it provides several destinations for tourists. One is Saung Angklung Udjo (SAU), oriented to Sundanese culture. For the tourism business, the revisiting intention of tourists becomes valuable for its sustainability. Therefore, this study reveals the determinant of revisiting intent. According to previous research, they are a destination image and an unforgettable traveling experience. In other words, this study aims to check and analyze three effects. The first and second are the influence of destination image on revisiting intention and unforgettable traveling experience. The third is the impact of the memorable touring experience on this intention. Then, to achieve this purpose, it employs 169 domestic tourists visiting SAU as the sample and the covariance-based structural equation model with its feature to examine three hypotheses formulated. After investigating them, this study concludes destination image positively affects revisit intention and unforgettable traveling experience. Similarly, this positive sign exists for the relationship between this experience and intention.
Entrepreneurial leadership and innovative behavior: Manager perspective Mariana, Ana; Hadianto, Bram; Karen, Karen
Jurnal Manajemen Strategi dan Aplikasi Bisnis Vol 7 No 1 (2024)
Publisher : Lembaga Pengembangan Manajemen dan Publikasi Imperium

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36407/jmsab.v7i1.1125

Abstract

Innovation becomes a keyword for the company to survive in its environmental business. Therefore, the company must establish a suitable leadership style. Based on the previous studies, the entrepreneurial style can be an alternative for managers to lead the company. After applying it, they can innovatively behave. This research investigates and analyzes the association between this leadership and innovative behavior. The population of this study is the managers of a conglomeration firm in Indonesia. Moreover, this study utilizes the required minimum sample of 200 for theory verification, and 216 managers are obtainable as the samples. Hence, this study uses a structural equation model based on covariance to test the hypothesis and concludes that entrepreneurial leadership can effectively enhance the innovative behavior of managers in the workplace.
Enhancing Investment Literacy Level among people in Tasikmalaya Peter, Peter; Iskandar, Dini; Martalena, Martalena; Wahyusaputra, Tedy; Herlina, Herlina; Hadianto, Bram
KOMUNITA: Jurnal Pengabdian dan Pemberdayaan Masyarakat Vol 4 No 4 (2025): November
Publisher : PELITA NUSA TENGGARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60004/komunita.v4i4.264

Abstract

Low investment literacy in the community can lead to society being exploited by fraudsters offering high returns for a short period, only to require the invested money later, as seen in some cases in Tasikmalaya. Therefore, socialization to open social minds is needed: The legal investment instruments are still in the capital market as alternatives. Moreover, this service community educates members of society in Tasikmalaya, specifically those affiliated with the Christian Education Agency Foundation, who serve as participants. Using a lecture-and-question-and-answer approach, this community service works. To test their comprehension, committee members shared a Google Form containing multiple-choice investment problems based on Lusardi and Mitchell (2009) to gather correct responses before and after the material presentation. After that, the proper responses are compared. As a result, the average correct answer ratio increases from 65.38% to 77.56% before and after material presentation, respectively. Therefore, community service effectively enhances their understanding of the subject matter. Through this activity, the risk of fraudulent investment can be significantly reduced, allowing people to choose a suitable instrument based on their risk profile, especially in Tasikmalaya.
Prediksi Arus Kas Bebas, Kebijakan Utang, dan Profitabilitas terhadap Kemungkinan Dibayarkannya Dividen: Studi Empirik pada Emiten Pembentuk Indeks Kompas 100 di Bursa Efek Indonesia Hadianto, Bram; Herlina, Herlina
International Research Journal of Business Studies Vol. 3 No. 1 (2010): April-July 2010
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/

Abstract

The aim of this research is to know the prediction of some explanatory factors that impact on probability of public company to divide earnings to investor and find the accuracy rate to classify public company become two group based on some explanatory factor. First group is dividend payer’s company, and second group is non-dividend payer’s company. Some explanatory factors that we used are free cash flow, debt policy, and profitability. We employ logistic regression model as data analysis method. Our sample is taken from the Kompas 100 Index constituent public company in 2007. The results point out both debt policy and profitability are positively relationship with dividend policy and free cash flow has no significant relationship with dividend policy. In addition, the accuracy of all factors that used to classify both dividend payer’s company group and dividend non-payer’s company group are 69%.