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All Journal MANAJEMEN HUTAN TROPIKA Journal of Tropical Forest Management JURNAL EKONOMI DAN KEBIJAKAN PEMBANGUNAN Sodality: Jurnal Sosiologi Pedesaan MEDIA KONSERVASI MANAJEMEN IKM: Jurnal Manajemen Pengembangan Industri Kecil Menengah Jurnal Manajemen dan Agribisnis Forum Pasca Sarjana Jurnal Ekonomi Pembangunan Signifikan : Jurnal Ilmu Ekonomi ETIKONOMI JURNAL ECONOMIA SOCA: Jurnal Sosial Ekonomi Pertanian Jurnal Ekonomi Sosiohumaniora Jurnal Manajemen Teknologi JURNAL SAINS DAN TEKNOLOGI INDONESIA Jurnal Indo-Islamika Jurnal Keuangan dan Perbankan JDM (Jurnal Dinamika Manajemen) JEJAK Jurnal Penelitian Hutan dan Konservasi Alam Jurnal Penelitian Hasil Hutan Al-Iqtishad : Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics) Indonesian Journal of Agricultural Science Jurnal Agro Ekonomi Analisis Kebijakan Pertanian JAM : Jurnal Aplikasi Manajemen Indonesian Journal of Business and Entrepreneurship (IJBE) Jurnal Agribisnis Indonesia (Journal of Indonesian Agribusiness) Journal of S&T Policy and R&D Management AGRISE Jurnal Pengelolaan Sumberdaya Alam dan Lingkungan (Journal of Natural Resources and Environmental Management) Jurnal Aplikasi Bisnis dan Manajemen (JABM) E-Journal Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Jurnal Wilayah dan Lingkungan Jurnal Tataloka MIX : Jurnal Ilmiah Manajemen Jurnal Ekonomi & Kebijakan Publik Jurnal Penelitian Karet FIKRI : Jurnal Kajian Agama, Sosial dan Budaya Jurnal Riset Manajemen dan Bisnis (JRMB) Fakultas Ekonomi UNIAT MAJALAH ILMIAH GLOBE Jurnal Penelitian Pendidikan IPA (JPPIPA) Journal of Environment and Sustainability Informatika Pertanian International Journal of Islamic Economics and Finance (IJIEF) JEPA (Jurnal Ekonomi Pertanian dan Agribisnis) JURNAL AKUNTANSI, EKONOMI dan MANAJEMEN BISNIS Jurnal Manajemen Pembangunan Daerah Journal of Regional and Rural Development Planning Al-Muzara'ah Jurnal Organisasi Dan Manajemen Buletin Ilmiah Litbang Perdagangan JURNAL MANAJEMEN INDUSTRI DAN LOGISTIK Indonesian Journal of Socio Economics Astonjadro International Journal of Social Science and Business BHUMI: Jurnal Agraria dan Pertanahan Aptisi Transactions on Technopreneurship (ATT) Economics and Finance in Indonesia Amwaluna Jurnal Ekonomi dan Keuangan Syariah Akurasi : Jurnal Studi Akuntansi dan Keuangan Agro Bali: Agricultural Journal Jurnal Ilmiah Edunomika (JIE) Al-Kharaj: Journal of Islamic Economic and Business International Journal of Economics Development Research (IJEDR) Jurnal Manajemen Jurnal Ilmiah Akuntansi Kesatuan Jurnal Aisyah : Jurnal Ilmu Kesehatan Jurnal Penelitian Hasil Hutan Jurnal Agro Ekonomi Analisis Kebijakan Pertanian Jurnal Ekonomi Indonesia Business Review and Case Studies BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi Jurnal Ketenagakerjaan Multidiciplinary Output Research for Actual and International Issue (Morfai Journal) Transekonomika : Akuntansi, Bisnis dan Keuangan International Journal of Science and Society (IJSOC) Jurnal Locus Penelitian dan Pengabdian Jurnal Desain Komunikasi Visual Nirmana Jurnal Bisnis dan Kewirausahaan International Journal of Integrative Sciences Eduvest - Journal of Universal Studies Journal of Livestock and Animal Health (JLAH) Jurnal AGRISEP: Kajian Masalah Sosial Ekonomi Pertanian dan Agribisnis Jurnal Ekonomi dan Pembangunan Indonesia Jurnal Penelitian Pendidikan Indonesia Policy Brief Pertanian, Kelautan, dan Biosains Tropika IJAE Dinamika Pertanian Asian Journal of Social and Humanities Jurnal Ilmiah Bisnis dan Ekonomi Asia (Jibeka)
Hermanto Siregar
Departemen Ilmu Ekonomi, Fakultas Ekonomi Dan Manajemen, Institut Pertanian Bogor Jl. Kamper, Wing 2 Level 5 Kampus IPB Darmaga, Bogor 16680
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DAMPAK TRANSFER PEMERINTAH PUSAT TERHADAP PENURUNAN KETIMPANGAN PENDAPATAN DI INDONESIA Adhitya Wardhana; Bambang Juanda; Hermanto Siregar; Kodrat Wibowo
Sosiohumaniora Vol 15, No 2 (2013): SOSIOHUMANIORA, JULI 2013
Publisher : Universitas Padjadjaran

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (234.649 KB) | DOI: 10.24198/sosiohumaniora.v15i2.5737

Abstract

Pemerintah Pusat berdasarkan UU No 33/2004 memberikan dana transfer kepadapemerintah daerah. Dana transfer pusat tersebut digunakan sebagai perimbangan keuangan daerah.Dana transfer yang diberikan pemerintah seperti Dana Alokasi Umum (DAU), Dana Alokasi Khusus(DAK) yang difungsikan sebagai stimulus fiskal bagi daerah. Dana transfer pusat diharapkan akanmemberikan peningkatan pembangunan bagi daerah. Namun dana transfer pusat tersebut belummemberikan penurunan ketimpangan pendapatan antar daerah. Dana transfer pusat ini setidaknya dapatmenutupi kebutuhan daerah. Ketimpangan pendapatan setiap daerah akan terjadi tetapi pemerintah akanmemikirkan bagaimana ketimpangan pendapatan daerah dapat diturunkan. DAU merupakan salah satuhibah dari pemerintah pusat untuk menurunkan ketimpangan pendapatan antar daerah. Adanya aturanhold-harmless menjadikan pemberian DAU minimum sama dengan tahun lalu yang mengakibatkanfungsi DAU tidak berjalan. Fungsi DAU yaitu daerah yang kapasitas fiskal rendah akan diberikanDAU relatif besar. Dengan diberlakukan hold harmless membuat fungsi DAU tidak terjadi. Aturanhold harmless sudah tidak digunakan lagi setelah tahun 2009. Dalam penelitian ini mencoba untukmelihat faktor-faktor yang mempengaruhi ketimpangan pendapatan di Indonesia melalui instrumenfiskal seperti DAU dan DAK. Periode penelitian tahun 2001-2010 menggunakan regresi panel data.Hasil yang estimasi yang didapat yaitu DAU, DAK, infrastruktur jalan, aturan hold harmless dan jumlahpenduduk mempengaruhi signifikan terhadap ketimpangan pendapatan. Selain melihat hasil estimasidari persamaan ketimpangan pendapatan, penelitian ini akan melihat perkembangan ketimpanganpendapatan provinsi di Indonesia dengan menggunakan indeks Williamson. Hasil yang didapatketimpangan pada daerah miskin lebih merata dibandingkan daerah kaya. Penentuan daerah kaya dandaerah miskin menggunakan median PDRB perkapita.
ANALISIS USAHATANI JAGUNG DAN KEBERLANJUTANNYA DI PULAU KISAR KECAMATAN PULAU-PULAU TERSELATAN KABUPATEN MALUKU BARAT DAYA Stephen Thenu; Setia Hadi; Hermanto Siregar; Endah Murniningtyas
Sosiohumaniora Vol 16, No 2 (2014): SOSIIOHUMANIORA, JULI 2014
Publisher : Universitas Padjadjaran

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (242.322 KB) | DOI: 10.24198/sosiohumaniora.v16i2.5733

Abstract

Jagung merupakan komoditas pangan dominan di Pulau Kisar dan menjadi sumber pangan utamamasyarakat. Pengusahaannya bersifat subsistem dan tradisional untuk memenuhi kebutuhan pangan rumah tanggapetani dan tidak dikomersialkan, meskipun ada yang menjualnya dalam jumlah sangat terbatas jika ada kelebihan.Sistem pertanian lahan kering menetap dengan pola tanam polikultur pada satu lahan dengan kombinasi tanaman setahundan tahunan. Tujuan penelitian ini untuk melihat tingkat keuntungan dan kelayakan serta keberlanjutan usahatanijagung di Pulau Kisar, menggunakan Metode Survei dengan teknik Stratifikasi Random Sampling. Hasil penelitianmenunjukkan bahwa biaya produksi jagung di Pulau Kisar Kecamatan PP Terselatan Kabupaten Maluku Barat Dayaterdiri dari komponen biaya tetap meliputi : biaya penyusutan alat dan biaya sewa lahan, biaya variabel meliputi : biayasaprodi dan biaya tenaga kerja. Biaya variabel memberikan kontribusi terbesar terhadap biaya produksi usahatanijagung. Usahatani jagung menguntungkan dan layak diusahakan, ditunjukkan oleh besarnya rata-rata nilai pendapatanRp.4.488.617 yang diperoleh dibandingkan dengan rata-rata biaya yang dikeluarkan petani sebesar Rp.3.755.917 sertanilai BC rasio sebesar 1,20. Usahatani jagung memiliki keberlanjutan secara ekonomi, ekologi dan sosial.Kata kunci : jagung, usahatani, keuntungan, kelayakan, keberlanjutan
FACTORS AFFECTING TOBIN'S Q COAL MINING COMPANY REGISTERED IN INDONESIA STOCK EXCHANGE E. Batara Manurung; Hermanto Siregar; Imam Teguh Saptono
Indonesian Journal of Business and Entrepreneurship (IJBE) Vol. 2 No. 2 (2016): IJBE, Vol. 2 No. 2, May 2016
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/ijbe.2.2.130

Abstract

The purpose of this study is to examine the effect of capital structure (debt to asset ratio and debt to equity ratio), economic value added, and coal reserves towards Tobin’s Q, as a proxy of firms’ value, of coal companies listed on the Indonesia Stock Exchange (IDX). This study also aims to examine the contribution of Tobin’s Q towards sectoral stock index price of coal production companies. From a total population of 23 companies, this study took a sample of 16 coal production companies using purposive sampling method. The data used is collected from the companies audited financial statements and annual reports in IDX’s website from 2009 to 2014. The results of multiple linear regression analysis show that there is significant impact of economic value added, coal reserves and profitability dummy towards Tobin’s Q. Furthermore, the results of linear regression analysis show that there is significant impact of Tobin’s Q towards sectoral stock index price of coal production companies. Based on the results of this study, the financial decision makers in coal production companies are advised to use economic value added, availability of coal reserves and profitability in improving firm value reflected in its share price.Keywords: capital structure, coal reserves, economic value added, Tobin’s Q
Determinants of Islamic Bank Non-Performing Financing By Financing Contract (Case Study: Bank BRIsyariah Private Company) Moch. Hadi Santoso; Hermanto Siregar; Dedi Budiman Hakim; Mulya E. Siregar
Indonesian Journal of Business and Entrepreneurship (IJBE) Vol. 5 No. 1 (2019): IJBE, Vol. 5 No. 1, January 2019
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/ijbe.5.1.77

Abstract

This study integrates the determinant factors of external and internal factors that affect the Bank BRISyariah Non-Performing Financing (NPF) in the period of Quarter I 2010 to Quarter IV 2017 by using multiple regression analysis. The external variables themselves consist of Inflation Rate, Benchmark Interest Rate/BI Rate, Economic Growth and USD/IDR Exchange Rate while internal factors consist of Return on Assets (ROA), Net Income Margin (NIM), Growth Financing, Financing to Deposit Ratio (FDR), Bank Rating (consisting of Good Corporate Governance, Risk Profile, Profitability and Capital) and NPF Management/NPF handling. Based on this methodology, the results with multiple regression analysis indicate that under existing contracts or financing contracts, the influencing factors are that 1) NPF in murabahah contract is influenced by bank rating - good corporate governance, exchange rate and benchmark interest rate; 2) NPF in ishtisna contract is influenced by bank rating - risk profile, bank rating - good corporate governance, NPF handling and inflation rate; 3) NPF in qardh contract is influenced by bank rating - rentability; 4) NPF in mudharabah/musyarakah contract is influenced by the rate of inflation; 5) NPF in ijarah contract is influenced by bank rating - risk profile, bank rating - good corporate governance, bank rating - rentability, financing growth and inflation rate. This research produces external and internal factors that need to get attention in order to handle non-performing financing based on financing contract better.Keywords: non-performing financing, sharia bank, external factors, internal factors, financing contract
El Nino And Determinants of The Output of Micro and Small Industry in Java Hermanto Siregar; Fahmi Salam Ahmad; Heni Hasanah; Syamsul Hidayat Pasaribu
Indonesian Journal of Business and Entrepreneurship (IJBE) Vol. 6 No. 1 (2020): IJBE, Vol. 6 No. 1, January 2020
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/ijbe.6.1.97

Abstract

Micro and small industry sector plays an important role in the economy of a country including Indonesia, due to its large contribution to gross domestic product and its large labor absorption. The output of the sector is influenced by economic variables and non-economic factors such as the El Nino climate phenomenon. The purpose of this study is to analyze the impact of these economic factors and the climate phenomenon on the output of micro and small industries in Java by using panel data, which are combination of cross section and time series, i.e. 6 provinces of Java from 2011 to 2017. The results showed that these economic factors have positive effect on the output while El Nino has negative effect. In accordance with these results, the government needs to actively facilitate micro and small industries in the fulfillment of economic factors and assist the business actors in anticipating and mitigating the impact of El Nino. Keywords: Economic factors, El Nino, micro and small industry, panel data method
Kebijakan Otonomi Daerah Dan Dampaknya Terhadap Kinerja Industri Gula Di Kabupaten Pasuruan Fahriyah Fahriyah; Hermanto Siregar; Rina Oktaviani
Agricultural Socio-Economics Journal Vol 10, No 1 (2010)
Publisher : Socio-Economics/Agribusiness Department

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (327.027 KB)

Abstract

Pada awalnya kebijakan otonomi daerah di Indonesia didasarkan pada UU No 22/1999 dan UU No 25/1999  yang kemudian diamandemen dengan UU No 32/2004 dan UU No 33/2004. Pelaksanaan otonomi daerah akan berdampak baik pada struktur organisasi pemerintah daerah juga pada kewenangan terhadap keuangan/pembelanjaan daerah. Tujuan dari penulisan makalah ini adalah: (1) mengevaluasi perubahan kelembagaan pemerintah daerah dan (2) menganalisis dampak dari peningkatan kewenangan keuangan daerah terhadap kinerja industri gula. Metode analisis  menggunakan model input-output. Dari penelitian ini diperoleh kesimpulan bahwa rendahnya kemampuan aparat pemerintah daerah menyebabkan kebijakan otonomi daerah belum sepenuhnya dapat dilaksanakan. Penerapan otonomi daerah akan berdampak positif terhadap kinerja industri gula jika pemerintah daerah  memberikan dukungan yang besar terhadap aktivitas perdagangan daerah. Kata kunci: Otonomi Daerah, Industri Gula, Kewenangan
MARKET TIMING, SELEKTIVITAS SAHAM SERTA KINERJA DARI PRODUK REKSA DANA SAHAM DI INDONESIA Benny Kurniawan; Hermanto Siregar; Trias Andati
Jurnal Aplikasi Bisnis dan Manajemen (JABM) Vol. 2 No. 1 (2016): JABM Vol. 2 No. 1, Januari 2016
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.2.1.43

Abstract

Mutual fund share is one of the attractive instruments in investment. This product is able to offer high returns with lower risk than investing directly into equities. However, the results found in the period of 2009-2014 were not the case. The return generated by equity funds was smaller than that of JCI. Because of this, the research on mutual funds was performed to measure the actual capability of mutual fund shares in Indonesia. This study used daily data of 44 stock mutual fund products in Indonesia. In this study, (1) Adjustment risk-return performance, (2) Selectivity of shares and, (3) Market timing were measured; furthermore, in market timing, the data were processed by the econometric models to determine the error model so that an appropriate regression model (OLS or ARCH / GARCH) could be selected. The result revealed that the ability of mutual fund shares in Indonesia is very low. Although the risk-return adjustment performance shown only produced one underperformed product, the selectivity stock is very low in which only 22% showed a positive result in Fama testing; in addition, the portfolio showed a similar composition. For market timing, only about 30% of products are able to apply it appropriately. From these results, it can be concluded that the capability of equity funds in Indonesia in the period of 2009-2014 was still low, both on the selectivity stocks and market timing.Keywords: econometrics, performance, market timing, stock mutual funds, stock selectivity
APLIKASI DATA ENVELOPMENT ANALYSIS UNTUK MENELAAH EFISIENSI BIAYA DAN PENDAPATAN PERUSAHAAN (STUDI KASUS PT.DIAN SWARA) Ari Binuko; Hermanto Siregar; Sri Hartoyo
Jurnal Aplikasi Bisnis dan Manajemen (JABM) Vol. 3 No. 1 (2017): JABM Vol. 3 No. 1, Januari 2017
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.3.1.71

Abstract

The research is to evaluate the cost efficiency level and the income of Dian Swara a company in Purwokerto, Central Java.  The data is analyzed using  DEA (Data Envelopment Analysis) with CRS (Constant Return of Scale) method and as the input is the operational cost, administration cost and marketing cost while the output is the event income, program syndicate income and advertisement income.  The first step in this research is calculating the efficiency value cost and income, also the independent variable consist of ROA (Return of Asset), ROE (Return of Equity),  aging of receivables, DER (Debt to Equity Ratio) and dummy.  The next step is to observe the impact of the independent variables toward the efficiency using multiple linear regression analysis.  The result using DEA shows that the efficiency value from 2009-2014 did not reach 1.  The most efficient is in 2013 where the value was 0.98 and the least efficient was in 2012 the value was 0.71.  Whereas the result from the multiple linear regression analysis shows that ROA and ROE has a positive and significant impact in efficiency.   Keywords: dian swara, CSR, DEA, ROA, ROEAbstrakPenelitian ini untuk mengukur tingkat efisiensi biaya dan pendapatan pada perusahaan Dian Swara yang berada di Purwokerto, Jawa Tengah. Menggunakan DEA (Data Envelopment Analysis) dengan metode CRS (Constant Return of Scale) dan sebagai input adalah biaya operasional, biaya administrasi serta biaya pemasaran. Yang digunakan sebagai output dalam penelitian ini adalah pendapatan event, pendapatan sindikasi program serta pendapatan iklan. Langkah pertama dalam penelitian ini adalah menghitung nilai efisiensi biaya dan pendapatan serta menghitung variabel independennya yang terdiri dari ROA (Return of Asset), ROE (Return of Equity), Umur piutang, DER (Debt to Equity Ratio) serta dummy. Langkah kedua dalam penelitian ini, melihat pengaruh variabel independen terhadap efisiensi dengan menggunakan analisis regresi linear berganda. Hasil dari perhitungan dengan menggunakan DEA menunjukan bahwa nilai efisiensi dari periode tahun 2009 sampai dengan tahun 2014 tidak ada yang mencapai nilai 1.00. Dalam periode tersebut tahun yang paling efisien adalah tahun 2013 dengan nilai 0.98 dan tahun yang inefisien dalam penelitian ini adalah tahun 2012 dengan nilai 0.71. Sedangkan hasil dari analisis regresi menunjukan bahwa ROA dan ROE berpengaruh positif dan signifikan terhadap efisiensi.Kata kunci: dian swara, CSR, DEA, ROA, ROE
Pengaruh Guncangan Makroekonomi terhadap Integrasi Pasar Modal di ASEAN-5 Iyan Anriansyah; Hermanto Siregar; TB Nur Ahmad Maulana
Jurnal Aplikasi Bisnis dan Manajemen (JABM) Vol. 4 No. 1 (2018): JABM Vol. 4 No. 1, Januari 2018
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.4.1.52

Abstract

This study aim is to analyze the effects of the shocks of the macroeconomic variable on the capital market integration in ASEAN 5 represented by stock price indexes. The stock price indexes used included Indonesia (IHSG), Malaysia (KLCI), Singapore (STI), Thailand (SETI) and Philippines (PSEI), and the macroeconomic variables used in Indonesia included the industrial production (IPI), inflation (INFI), interest rate (SBI) and exchange rate (KURSI). The method used was the analysis of VAR/VECM using impulse response function (IRF), forecast error Variance decomposition (FEVD) and granger causality of the study period of 2001-2016. The results showed that IHSG and STI had a two-way causality and had a unidirectional causal relationship to PSEI, KLSE and SET. Shocks of inflation, interest rates and exchange rates had a negative correlation with the Index of the ASEAN 5, while industrial production shocks had a positive relationship. IHSG and KLSE were more influenced by the inflation rate in Indonesia while PSEI, STI and SET were more affected by interest rates in Indonesia.Keywords: composite index, ASEAN 5, macroeconomic variables, VAR /VECM, granger causality
Penggunaan Hedging oleh Perusahaan Telekomunikasi yang Tercatat Pada Bursa Efek Indonesia Basyid Ahmad; Hermanto Siregar; Tb Nur Ahmad Maulana
Jurnal Aplikasi Bisnis dan Manajemen (JABM) Vol. 3 No. 3 (2017): JABM Vol. 3 No. 3, September 2017
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.3.3.435

Abstract

The aims of this research were to have a comprehensive understanding on hedging implementation in telecommunication companies and to comprehend the impact of hedge to firm value of the companies. In this research, hedging is the moderating variable between independent variable and dependent variable. The independent variables included profit, firm size, leverage, growth, dividend and liquidity while the dependent variable included firm value. The method used was the ordinary least Square. The samples were taken from 2 telecommunication companies, and the data observed included the quarterly financial data from 2006 to 2015. The findings showed that derivative transactions used as hedge by the companies included cross currency swap, forward and option. Furthermore, the use of hedging foreign exchange was not seen to affect the firm value for the telecommunication company. This is because the 5 moderating variables did not significantly affect the firm value and only 1 moderating variable had a significantly negative effect on the firm value. Keywords: derivative, foreign exchange, firm value, hedge, telecommunication’ companyAbstrak: Tujuan dari penelitian ini adalah untuk menggambarkan penerapan hedging pada perusahaan telekomunikasi publik serta mengetahui dampak hedging terhadap nilai perusahaan. Dalam penelitian ini, hedging merupakan variabel moderating terhadap berbagai variabel yang memengaruhi nilai perusahaan yaitu variabel profitabilitas, firm size, leverage, growth, dividen dan likuiditas. Teknik analisis yang dipakai, yaitu regresi (ordinary least Square). Sedangkan perusahaan yang diteliti sebanyak 2 perusahaan publik dengan data keuangan triwulan sejak tahun 2006 sampai dengan 2015. Hasil penelitian menunjukkan bahwa hedging dilakukan perusahaan telekomunikasi adalah melalui transaksi derivatif, yaitu cross currency swap, forward dan option. Secara umum hedging tidak memengaruhi nilai perusahaan mengingat 5 variabel yang telah dimoderasi tidak berpengaruh signifikan dan hanya 1 variabel yang telah dimoderasi yaitu profitabilitas berpengaruh signifikan negatif terhadap nilai perusahaan.Kata kunci: transaksi derivatif, mata uang asing, nilai perusahaan, lindung nilai, perusahaan telekomunikasi
Co-Authors . Lukytawati . Mahyuddin ., Harianto AA Sudharmawan, AA Abitur Asianto Adhitya Wardhana Adis Imam Munandar Adler H. Manurung Adler Haymans Manurung Affendi Anwar Agus Lukman Hakim Ahmad Aris, Ahmad Ahmad Naufaldy Pasaribu Ahmad, Fahmi Salam Aini Nurachman Dini Akbar, Chaeka Fitria Ramadhania Akbar, Dudi Duta Akhmad Fauzi Akhmadi Akhmadi Alim, Muhammad sahirul Alla Asmara Alya Dinda Nurrahmi Amzul Rifin Andam Dewi Andrea Emma Pravitasari, Andrea Emma Anggelina Delviana Klau Anny Ratnawati Aprilia Sukmawati Apriyana, Alfin Ardila, Fitri Aning Dwi Ardina Puspitasari Arham Rivai Ari Binuko Arief Darjanto Arief Daryanto Arief Daryanto Arif Imam Suroso Arif Naldi Aris, Diba Anggraini Aristo Purboadji ASEP SAEFUDDIN Asirin, Asirin Astoeti Wahjoe Widiarti Astrika Erlin Nurcahningsih Avianto, Wahyu Aviliani Aviliani Azis, Muh. Ikhsan Aziz, Lukmanul Hakim Azizah B D Nasendi Baba Barus Bagio, Bagio Baida Soraya Bambang Juanda Bandono, Bayu Basyid Ahmad Bayu Bandono Benar Darius Ginting Benny Kurniawan Boedi Tjahjono Bonar M Sinaga Bonar M Sinaga, Bonar M Bonar M. Sinaga Bonar Marulitua Sinaga Bronson Marpaung Bunasor Sanim Bungaran Saragih Bungaran Saragih Bustanul Arifin D. S. Priyarsono D. S. Priyarsono Dahri Dahri Darmawan, Indra Darsono . Deddy S. Bratakusumah Dedi Budiman Hakim Desi Maryanti Diana Septiningrum Diana Septiningrum, Diana Dikky Indrawan Dirga, Satria Prawira Ditha Mangiri Djajuli, Idja Dodik Ridho Nurrochmat Dominicus Savio Priyarsono Dudi S. Hendrawan Dwi Haryono Dwi Suprastyo DWI SURYANTO Dyan Vidyatmoko Dyan Vidyatmoko E. Batara Manurung E. Gumbira-Sa’id Ebed Hamri Eddi Wahyudi, Eddi Eddy Silamat Eduart Wolok Edwin Mahatir Muhammad Ramadhan Eka Intan KP Eka Intan Kumala Putri Eko Wahyu Nugrahadi Endah Murniningtyas Endah Murniningtyas ENDANG SUHENDANG Endriatmo Soetarto Eri Susanto Hariyadi Eri Susanto Hariyadi, Eri Susanto Eriyatno . ERLINA Erlina Erlina Erliza Noor Ernan Rustiadi Erwin Susanto Sadirsan Evi Lisna Evita H. Legowo Fahriyah Fahriyah Faizal Irvansyah Faizul Mubarok Farida Farida Fauzi, Firman Fazri, Muhammad Febriyana, Alfonsia Ferry Ardiansyah Ferry Syarifuddin Ferry Syarifuddin Ferry Syarifuddin Fitria Yuliani Fitriana, Rizqi Gonarsyah, Isang Gustiyan Taufik Mahardika Hadi, Setia Hadiwidjaja, Rini Dwiyani Hakim, Dedi Budiman Hani Laksono Hannoeriadi A., Ivan Hapsari, Umi Indah Harahap, Muhammad Syafril Hardinsyah Hariandja, Nancy Megawati Harianto Harianto Harianto . Harianto Harianto Harianto Harianto Harianto Harianto Harianto Harianto Hastori, . Hendri Tanjung Hendro Sasongko Hendro Sasongko Heni Hasanah Hermawan, Hardy R Hermawan, Rachmad Heru Kustanto Hery Setiawan Heti Mulyati I Gusti Putu Wigena I Wayan Mangku I Wayan Nuka Lantara Ichsan Ichsan, Aulia Idqan Fahmi Ilham, Nyak Ilham, Nyak Illah Sailah Imam Teguh Saptono Imam Teguh Saptono Iman Widhiyanto Iman Widhiyanto Indra Darmawan Indra Gunawan Indra Gunawan Indraprahasta, Galuh Syahbana Ingratubun, Muhammad A Ingrit, Ingrit Irfan Syauqi Beik Irma Citarayani Isang Gonarsyah Ismail, Ahmad Faizal Ivan Hannoeriadi A. Iyan Anriansyah Jajang Jajang Johan Firmansyah Joko S. Usman Jonahar Joyo Winoto Joyo Winoto, Joyo Kadar, Laila Kodrat Wibowo Kusnadi - Kustanto, Heru Laksamana, Patria Lala M Kolopaking Latuconsina, Olivia CH Lestari Agusalim Limetry Liana Mey Limetry Liana, Limetry Liston Siringo Ringo Lokot Zein Nasution, Lokot Zein Lukman M. Baga Lukytawati Anggraeni Lukytawati, . M Parulian Hutagaol M Parulian Hutagaol M. Bobby Afif Nasution M. Husein Sawit M. Ilham Riyadh M. Parulian Hutagaol M. R. Yantu M. Said Didu M. Suryadinata, M. Suryadinata M. Syamsul Maarif M. Yogi Riyantama Isjoni Machfud Machfud Machmud, Musdhalifah MANGARA TAMBUNAN Mangara Tambunan Mangasa Augustinus Sipahutar, Mangasa Augustinus Manurung, Daniel Martahi Bonar Manuwoto, Manuwoto Marpaung, Lenny Romauli Martua Eliakim Tambunan Marulitua Sinaga, Bonar Maulana, Muhamad Neko Maulana, Tubagus NA Megasari, Debbie Minesa, Punti Moch Hadi Santoso Moch. Hadi Santoso Moch. Hadi Santoso Mochammad Imron Awalludin Mohammad Nur Hadi Mudinillah, Adam Muhammad Arief Dirgantoro Muhammad Fazri Muhammad Fazri Muhammad Firdaus Muhammad Firdaus muhammad Firdaus Muhammad Firdaus Muhammad Nanang Prayudyanto Muhammad Sahirul Alim Mulya E. Siregar Mulya E. Siregar Mulya E. Siregar Mulya Siregar Murti, Prima Puspita Indra Nadiah Hidayati Nashwari, Inti Pertiwi Nasution, Sahruddin Naufaldy Pasaribu, Ahmad nFN Sudradjat Nila Rifai Nimmi Zulbainarni nirdukita ratnawati, nirdukita Nugroho Setyo Utomo Nunung Kusnadi Nunung Nuryartono Nur Hasanah Nur Hasanah Nurcahningsiha, Astrika Erlin Nurcahyaningsih, Astrika Erlin Nurlaila Firdani Fajri Nyak Ilham Nyak Ilham Oktovianus Pantjar Simatupang Parulian Hutagaol Perdana Wahyu Santoso Permadi, Hengki Petrus F.T.P. Tampubolon Prabono Roeshardianto Pratikto Winardi Bakhram Prima, Ghaniy Ridha Purwanta, Putri Ayu Purwoko, Agus Putri, Rizavia Mardhika R Marsuki Iswandi R Susila, Wayan Rachmat Pambudy Rahmanta Rahmanta Rahmanta, Rahmanta Ranti Wiliasih Renaldo Prima Sutikno Rezki Erdian Ries Wulandari, Ries Rifki Ismal Rina Oktaviani Rina Oktaviani Rina Oktaviani Rina Oktaviani Rini Dwiyani Hadiwidjaja Riny Kusumawati Ristianto Pribadi Ristiyanto, Nirwan Ristiyanto, Nirwan Riyanto Riyanto Rizal Rahman H. Teapon Rizavia Mardhika Putri Roeshardianto, Prabono Roy Sembel Roy Sembel Rulhendri Rulhendri Safrida . Sajudi, Aditya Samsul Arifin Santun R.P. Sitorus Sarma, Ma’mun Satriadi, Dharma Sekarlaras, Amanda Fortuna Arum Sembel, Roy H. M. Setia Hadi Setia Hadi Setiadi Djohar Setiawan, Andi Sinaga, Jovan Siregar, Mulya E Siti Aida Adha Taridala Situmorang, Kaspar Sjafri Mangkuprawira Sofyan Sjaf Sri Hartoyo Sri Hartoyo Sri Mulatsih Sri Mulatsih Sri Nuryanti Sri Wahyuni Stephen Thenu Sugema, Iman Sugeng Budiharsono Sugimin Pranoto Sugiyanto Sugiyanto Suhardiono Suhardiono Suhardiono Suhardiono, Suhardiono Suhardionob, Suhardionob Sul, Suliamin Kasnar Suprehatin Surjono H. Sutjahjo Surtiati Surtiati Surya Abadi Sembiring Suryaningsih, Widiani Sutikno, Renaldo Prima Sutriono Edi Suwarno Suwarno Suwinto Johan Syahbana, Galuh Syahrir, Azhar Syaiful Syaiful Syaiful Syaiful Syamsul Arifin Syamsul Hidayat Pasaribu Syamsul Ma'arif Syarifuddin, Ferry Syarifuddin, Ferry Syauqi, Muhamad Sylvia Sandyazmara Devi Tanti Novianti Taofiq Rachmat Tatik Mariyanti, Tatik TB Nur Ahmad Maulana Tb. N Ahmad Maulana, Tb. N Ahmad Tony Irawan Trias Andati Trias Andati Trias Andati Trias Andati Trias Andati Trias Andati Trias Andati Trias Andati Tubagus Nur Ahmad Maulana Tubagus Nur Ahmad Maulana Tubagus Nur Ahmad Maulana Tutut Sunarminto Usman - Vidyatmoko, Dyan Wibisono, Afrid Widhiyanto, Iman Widyastutik Winardi Winardi Winardi Winardi Winardi, Winardi Winoto, Joyo Wiwiek Rindayati Wonny A. Ridwan Wulandari Kuswahariani Wulandari, Lita Wurdaningsih Yantu, M. R. Yati Nuryati Yenna Sri Mardiana Yeti Lis Purnamadewi Yulismi, Yulismi Yusman Syaukat Yusman Syaukat Z. Karim, Taufik