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All Journal Jurnal Manajemen Atma Jaya MABIS: Manajemen dan Bisnis Jurnal Manajemen
Mudji Utami
Universitas Surabaya
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

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PENGUJIAN DEBT FINANCED DIVIDEND PADA PENGARUH KEBIJAKAN UTANG TERHADAP KEBIJAKAN DIVIDEN DAN KEPUTUSAN INVESTASI Stevani Putri Kurnia; Putu Anom Mahadwartha; Mudji Utami
Jurnal Manajemen Vol 12 No 2 (2015): Jurnal Manajemen
Publisher : Fakultas Ekonomi dan Bisnis Universitas Katolik Indonesia Atma Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (404.384 KB) | DOI: 10.25170/jm.v12i2.812

Abstract

This study analyzes the effect of debt policy on dividend policy and investment decision on corporate manufacturing industry sector in IDX the period of 2009-2013. This study uses a quantitative approach to multiple linear regression analysis model. This study uses a sample of firms / companies who are in the manufacturing industry sectors in IDX period of 2009-2013. This study finds that debt policy doesn’t have significant effect on dividend policy, while control variable, MBVE has negative significant effect on dividend policy. Debt policy has positive significant effect on investment decision while MBVE doesn’t have significant effect on investment decision on manufacturing industry sector in IDX the period of 2009-2013.
PENGUJIAN DEBT FINANCED DIVIDEND PADA PENGARUH KEBIJAKAN UTANG TERHADAP KEBIJAKAN DIVIDEN DAN KEPUTUSAN INVESTASI Stevani Putri Kurnia; Putu Anom Mahadwartha; Mudji Utami
Jurnal Manajemen Vol 12 No 2 (2015): Jurnal Manajemen
Publisher : Fakultas Ekonomi dan Bisnis Universitas Katolik Indonesia Atma Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (404.384 KB) | DOI: 10.25170/jm.v12i2.812

Abstract

This study analyzes the effect of debt policy on dividend policy and investment decision on corporate manufacturing industry sector in IDX the period of 2009-2013. This study uses a quantitative approach to multiple linear regression analysis model. This study uses a sample of firms / companies who are in the manufacturing industry sectors in IDX period of 2009-2013. This study finds that debt policy doesn’t have significant effect on dividend policy, while control variable, MBVE has negative significant effect on dividend policy. Debt policy has positive significant effect on investment decision while MBVE doesn’t have significant effect on investment decision on manufacturing industry sector in IDX the period of 2009-2013.
The effect of good corporate governance and foreign ownership as a moderating variables on the board interlocking on financial performance Natalie Winter; Werner Ria Murhadi; Mudji Utami
Journal of Management and Business Vol 20, No 1 (2021): MARCH 2021
Publisher : Department of Management - Faculty of Business and Economics. Universitas Surabaya.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24123/jmb.v20i1.436

Abstract

The aims of this research is to analyze the effect of number of board interlocking, board size, family board participation, board independence, control variable such as firm size, firm age, and leverage, and moderate foreign ownership to number of board interlocking towards financial firm perfomance using ROA and Tobin’s Q as a proxy in non financial sector companies listed in Indonesia Stock Exchange (BEI) in period 2014-2018. This research uses quantitative approach with two least square regression analysis model. The sample used in this research is firms which are listed on the non financial in Indonesia Stock Exchange (IDX) on 2014-2018 period. The number of final samples used in this study were 366 business entities with 1830 observations. The findings result of this research indicate that concurrent commissioner positions have positive and significant effect towards ROA in non financial sector companies BEI on the period 2014-2018, while independent commissioners, family of commissioners, board size, and the interaction of multiple positions of commissioners with foreign ownership have insignificant effect towards ROA in non financial sector companies BEI on the period 2014-2018. Then variables independent commissioners, board size of commissioners, and the interaction of multiple positions of commissioner with foreign ownership have positive and significant effect towards Tobin’s Q in non financial sector companies BEI on the period 2014-2018, while the family of commissioners and concurrent commissioner positions have insignificant effect towards ROA in non financial sector companies BEI on the period 2014-2018.
PERBEDAAN MANAGED FLOAT EXCHANGE RATE SYSTEM DAN FREELY FLOATING EXCHANGE RATE SYSTEM DI INDONESIA Mudji Utami
Journal of Management and Business Vol 2, No 2 (2003): September 2003
Publisher : Department of Management - Faculty of Business and Economics. Universitas Surabaya.

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (6469.23 KB) | DOI: 10.24123/jmb.v2i2.61

Abstract

Consequence of the freely floating system and freely foreign exchange system, rupiah could he easily fluctuated, because exchange rate shift not in response but as governed by the interaction between supply and demand in the money markets. The supply and demand forces are influenced by the relative interest rate and relative of inflation. Thus this study examine whether there is a difference of magnitude in the influence of the relative interest rate and relative rate of inflation to the USD - IRD exchange rate when Indonesia adopts respectively the managed float exchange rate system and the freely floating exchange rate system. The finding shows at the level of confidence 95%, that there is no significant difference in the influence of the relative interest rate and relative rate of inflation to the USD - IRD exchange rates between both systems.
THE EFFECT OF PROFITABILITY AND RISK MANAGEMENT ON WORKING CAPITAL MANAGEMENT Mudji Utami
Journal of Management and Business Vol 10, No 1 (2011): MARCH 2011
Publisher : Department of Management - Faculty of Business and Economics. Universitas Surabaya.

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (112.467 KB) | DOI: 10.24123/jmb.v10i1.176

Abstract

This study aims to examine the impact of working capital management on profitability and risks of business companies. Furthermore, this study also examines what are the differences of working capital management industries in the manufacturing sector. Some researchers proved that influence of working capital management on profitability (Rahemanand Nasr 2007; Marc Deloof, 2003 and Hadori, 2005). In addition, Gitman (2009) also states that working capital management has an impact on firm profitability and risk. Business risk of each industry is different, thus working capital management will differ among industries. This study used data from 2001 until 2007 at the manufacturing sector firms which have coherent of annually financial statements during the study period and have been audited. In order to test the hypothesis, this study used regression analysis and analysis of variance. The research proves that working capital management affects profitability and risk of firm manufacturing sector during the period 2001-2007. Moreover, it also proves that there is a difference among working capital management industries in the manufacturing sector.
PENGUJIAN PECKING ORDER HYPOTHESIS DAN MANAGERIAL HYPOTHESIS Go, Lisa Safira; Mudji Utami
Journal of Management and Business Vol 9, No 1 (2010): MARCH 2010
Publisher : Department of Management - Faculty of Business and Economics. Universitas Surabaya.

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (11971.469 KB) | DOI: 10.24123/jmb.v9i1.157

Abstract

This research examines hypotesis that suitable with capital expenditure behavior of services industry in Indonesia. Pecking Order Theory argued that capital expenditure affected mainly from internal cash flow. However, managerial hypothesis argued that managerial ownership also affect capital expenditure amongst firms and on several cases the effect more keen that internal cash flow. The research uses 25 firms from Jakarta Stock Exchange from 2000-2005. The result showed lower managerial ownership will tend to increase the over-investment by managers, therefore the relationship between managerial ownership to capital expenditure. Meanwhile the research alos found a negative relationship between dividend to capital expenditure and align with Pecking Order Hypothesis.
PREDIKSI FINANCIAL DISTRESS DENGAN RASIO ARUS KAS Yolanda Puspita Sari; Mudji Utami
Journal of Management and Business Vol 8, No 2 (2009): SEPTEMBER 2009
Publisher : Department of Management - Faculty of Business and Economics. Universitas Surabaya.

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (9252.945 KB) | DOI: 10.24123/jmb.v8i2.148

Abstract

This research examine financial ratio of cash flow to predict financial distress. This research argues cash flow ratios have an effect on financial distress condition especially for Indonesian firm. There are 13 cash flow ratios from 17 listed manufacturing firms in Indonesia Stock Exchange (IDX). Period of analysis is 1999-2005. The classification of financial distress firm based on Almilia (2006) that divide firm which financial distress has a negative net income and net equity for 2 years consecutively. This research uses logistic regression to conclude the predictability power of research model. Result shows cash flow ratios have a significance affect on financial distress, such ratios are CFFOTA, CFFOS, IPPEPPE, CHWCTU, RPPETS, DITS and NetdebtTS.
INTERDEPENDENSI KEBIJAKAN DEVIDEN, FINANCIAL LEVERAGE DAN INVESTASI: PENGUJIAN PECKING ORDER THEORY Nency Liono; Mudji Utami; Liliana Inggrit Wijaya
Journal of Management and Business Vol 8, No 1 (2009): MARCH 2009
Publisher : Department of Management - Faculty of Business and Economics. Universitas Surabaya.

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (9391.053 KB) | DOI: 10.24123/jmb.v8i1.134

Abstract

The aims of this research to find interdependency relationships among dividend policy, financial leverage, and investment based on pecking order theory testing. Research object includes food and beverages industry which listing in Indonesian Stock Exchange 2002-2007. Given the influence among third the variable hence will know what is there are interdependency among third the variable and what its influence to company in period food and beverage industry 2002-2007 related to company financial decision. Result of this research shows there is interdependency among dividend policy, financial leverage and investment but not support pecking order theory.
Co-Authors Go, Lisa Safira Liliana Inggrit Wijaya Natalie Winter Nency Liono Putu Anom Mahadwartha Stevani Putri Kurnia Werner R Murhadi Yolanda Puspita Sari