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All Journal Jurnal Ekonomi : Journal of Economic Jurnal Keuangan dan Perbankan EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis WIDYAKALA JOURNAL International Research Journal of Business Studies (E-Journal) Jurnal Pengabdian Masyarakat AbdiMas Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan Journal of Multidisciplinary Academic (JRAMB) Jurnal Riset Akuntansi Mercu Buana JMB : Jurnal Manajemen dan Bisnis Jurnal Ilmiah Manajemen Kesatuan Enrichment : Journal of Management Dinasti International Journal of Economics, Finance & Accounting (DIJEFA) Jurnal Cafetaria Quantitative Economics and Management Studies International Journal of Business, Law, and Education Golden Ratio of Finance Management Journal of Management and Digital Business Journal of Innovative and Creativity International Research Journal of Business Studies Asian Journal of Management, Entrepreneurship and Social Science
Sapto Jumono
Universitas Esa Unggul
Arts Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Energy Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Mathematics Neuroscience Social Sciences Other

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The Impacts of ALMA Primary Variables on Profitability: An Empirical Study of Indonesian Banking Jumono, Sapto; Achsani, Noer Azam; Hakim, Dedi Budiman; Firdaus, Muhamad
INTERNATIONAL RESEARCH JOURNAL OF BUSINESS STUDIES Vol 8, No 1 (2015): April-July 2015
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (671.626 KB)

Abstract

INDUSTRI PERBANKAN INDONESIA PERIODE 2001-2014: DETEKSI KONSENTRASI PASAR DAN PRESTASI ALMA Jumono, Sapto; Achsani, Noer Azam; DB Hakim, DB Hakim; M Firdaus, M Firdaus
Jurnal Ekonomi : Journal of Economic Vol 7, No 01 (2016): Jurnal Ekonomi
Publisher : Lembaga Penerbitan Unversitas Esa Unggul

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47007/jeko.v7i01.1520

Abstract

This descriptive study aims to explain the condition of credits market and deposit market of Indonesian banking in the period of 2001-2014 includes the achievement of ALMA and CAMEL based on the secondary data and financial statements of 97 Indonesian banks. This graph result and tabulation and financial ratio show the information that Indonesian banking market is in the competitive condition (CR4 index and HHI index decrease and the market is classified in loose oligopoly condition), however all main variables of ALMA show the high ranking. Keywords: CR4,HHI, ALMA dan CAMEL
Deteksi Praktis Aplikasi Pot (Pecking Order Theory) Jumono, Sapto; Abdurrahman, Abdurrahman; Amalia, Lia
Jurnal Ekonomi : Journal of Economic Vol 4, No 1 (2013): Jurnal Ekonomi
Publisher : Lembaga Penerbitan Unversitas Esa Unggul

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47007/jeko.v4i1.1023

Abstract

AbstractThe purpose of this study to obtain empirical evidence about the detection of the capital structure of the research is a qualitative approach. The analysis tools are descriptive to explain deficit financing by following formula made by Fama and French (2005). The study population was the Telecommunications Industry. The research sample was PT. Telecommunications, Tbk. Object of study is the issuer's financial statements in the Indonesia Stock Exchange, PT Telkom Tbk. Observation period between 1993 to 2010. The unit of analysis is a PT. Telekomunikasai, Tbk.The content in an easy and practical periodical and time series.Design results showed growth in net assets during the period between 1993 to 2010 to increase the high trend. Leverage enterprise sxampai period between 1993 to 2008 showed an average Debt to Equity Ratio (DER) is greater than 1 (one), which means that capital structure under normal conditions and good. Meanwhile, the period between 2008 to 2009 showed that companies tend not to exist in a state of long-term debt, as well as the composition of the capital structure so filled with their own capital solvency of the company is very strong. In 2010, indicating a resurgence in the number and proportion of debt that is so small that a dominant proportion of equity in the capital structure. The results of the application detection Pecking Order Theory for PT Telecom, Tbk occurred in 1994, 1995, 1996, 1997, 1998, 2000, 2001, 2002, 2003, and 2008, 2009 and 2010. Meanwhile, in 2004, 2005, 2006 and 2007 there was no application of Pecking Order Theory.The findings showed that application of Pecking Order Theory does not always follow the growth of net assets. The implication, for the effectiveness of information Pecking Order Theory in order to enhance shareholder value, needs to study in depth by connecting to the company's profitability. Keywords: pecking order theory, leverage, DER  Abstrak Isu utama studi ini adalah mengkaji Pecking Order Theory pada struktur modal suatu perusahaan baik ditinjau secara periodik maupun runtut waktu (time Series). Ide tersebut muncul dari riset empirik yang memberi kesimpulan kajian Pecking Order Theory (POT) pada struktur modal hanya menghasilkan kesimpulan umum, serta tidak mampu memberi jawaban mengenai ada tidaknya penerapan Pecking Order Theory pada periode tertentu di perusahaan dalam suatu industri. Tujuan penelitian ini untuk memperoleh bukti empiris tentang pendeteksian kandungan struktur modal secara mudah dan praktis baik secara periodik maupun  runtut waktu. Desain penelitian ini merupakan pendekatan kualitatif. Alat analisis yang digunakan adalah deskriptif untuk menjelaskan financing deficit dengan mengikuti rumus yang dibuat oleh Fama dan French (2005). Populasi penelitian adalah Industri Telekomunikasi. Sampel  penelitian adalah PT. Telekomunikasi, Tbk.  Objek penelitian adalah laporan keuangan emiten di Bursa Efek Indonesia yaitu PT Telkom Tbk. Periode pengamatan antara tahun 1993 sampai dengan tahun 2010. Unit analisis adalah perusahaan PT. Telekomunikasai, Tbk. Hasil penelitian menunjukan pertumbuhan net asset selama periode antara tahun 1993 sampai dengan 2010 mengalami kenaikan trend yang tinggi. Leverage perusahaan periode antara tahun 1993 sxampai dengan 2008 menunjukkan rata-rata Debt to Equity Ratio (DER) lebih besar dari 1 (satu), yang berarti struktur modal dalam kondisi normal dan baik. Sedangkan, periode antara tahun 2008 sampai dengan 2009 menunjukkan perusahaan dalam kondisi cenderung  tidak ada utang jangka panjang, serta komposisi struktur modal dipenuhi oleh  modal sendiri sehingga solvabilitas perusahaan sangat kuat. Tahun 2010, menunjukkan timbulnya kembali utang dalam jumlah dan proporsi yang sangat kecil sehingga proporsi modal sendiri sangat dominan dalam struktur modal. Hasil deteksi  penerapan Pecking Order Theory pada PT Telekomunikasi, Tbk terjadi pada tahun 1994, 1995, 1996, 1997, 1998, 2000, 2001, 2002, 2003, serta 2008, 2009 dan 2010. Sedangkan, pada tahun 2004, 2005, 2006 dan 2007  tidak terdapat penerapan Pecking Order Theory. Temuan penelitian menunjukkan bahwa penerapan Pecking Order Theory tidak selalu mengikuti pertumbuhan net asset perusahaan. Implikasinya, untuk efektivitas informasi Pecking Order Theory dalam rangka meningkatkan nilai  perusahaan, perlu kajian secara mendalam dengan  menghubungkan pada profitabilitas  perusahaan.Kata kunci: pecking order theory, leverage, DER
MENCARI ALTERNATIF METODE IDENTIFIKASI KETERKAITAN STRUKTUR PASAR, EFISIENSI DAN PROFITABILITAS, DENGAN ANALISIS DINAMIK PANEL DATA Jumono, Sapto; Fathmala, Chajar Matari
Jurnal Ekonomi : Journal of Economic Vol 8, No 02 (2017): Jurnal Ekonomi
Publisher : Lembaga Penerbitan Unversitas Esa Unggul

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47007/jeko.v8i02.2027

Abstract

This study aims to identify the market structure of the Indonesian banking industry. Particularly, this research tend to find out whether Indonesian banking adopts SCP hypothesis (Structure-Conduct Performance), RMP hypothesis (Relative Market Power), RES hypothesis (Relative Efficient Structure), SES (scale efficiency structure) hypothesis, or QL (Quiet Life) hypothesis. This research uses annual data of 10 largest commercial banks in Indonesia during 2009 to 2014 and using data panel regression analysis. The result shows that SCP hypothesis and RMP hypothesis are valid in Indonesian banking, while the RES hypothesis, SES hypothesis, and QL hypothesis are not valid. Keywords: Bank, Market structure, efficiency and profitability
Pelatihan Penyusunan Artikel Publikasi Ilmiah pada Mahasiswa Perguruan Tinggi di Jakarta Barat Adhikara, MF Arrozi; Handayani, Sri; Jumono, Sapto; Darmansyah, Darmansyah
Jurnal Pengabdian Masyarakat AbdiMas Vol 1, No 1 (2014): Jurnal Pengabdian Masyarakat Abdimas
Publisher : Universitas Esa Unggul

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47007/abd.v1i1.1189

Abstract

Mahasiswa  mengalami kesulitan  untuk lulus dari perguruan tinggi karena persyaratan menulis karya  tulis  ilmiah. Mahasiswa enggan menulis  karya tulis  ilmiah  karena  kurang  pengetahuan  dan  kemampuan  tentang  pembuatan  karya tulis ilmiah.Tujuan utama pelatihan penyusunan artikel yang layak publikasi pada mahasiswa adalah Memberikan  wawasan  pengetahuan  tentang  pentingnya  peningkatan  kualitas  dan kuantitas  karya  penelitian dan memberikan kemampuan untuk mengembangkan karya berbentuk pelaporan penelitian dan artikel ilmiah. Metode yang digunakan dalam pengabdian masyarakat bentuk pelatihan penulisan karya ilmiah adalah workshop. Pelaksanaan program melalui pelatihan, pembinaan, dan pendampingan dalam proses penyusunan artikel ilmiah. Bahan yang digunakan adalah hasil skripsi mahasiswa yang diringkas dalam bentuk jurnal atau artikel ilmiah.Pelaksanaan pengabdian ini berhasil karena kesesuaian materi dengan kebutuhan mahasiswa untuk meningkatkan kemampuannya, respon  yang  positif  dari mahasiswa, dan sebagian  besar memahami  konsep dan arti penting pengembangan  karya ilmiah. Kata Kunci: hasil penelitian, publikasi, kualitas
Analysis of Cash Position Effect, Debt to Equity Ratio, Return on Assets, And Loan to Deposit Ratio, Net Call Money Over Pay-out Ratio Dividends (Case Study of Banking Companies Listed on the Indonesia Stock Exchange in 2012 - 2018) Dwi Ramadani; Sapto Jumono
Journal of Multidisciplinary Academic Vol 4, No 3 (2020): Science, Engineering and Social Science Series
Publisher : Penerbit Kemala Indonesia

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Abstract

Dividend policy is the most controversial topic in the context of corporate finance, where the variables that influence it are still uncertain in the literature. Thus, in this study aimed to analyze the effect of cash position, debt to equity ratio, return on assets Loan To Deposit Ratio, and Net Call Money on dividend pay-out ratios, as well as providing information and pictures to investors whose investment objectives are to pursue dividends based on variables. Here, we obtain the observation data form 7 banking companies listed at Indonesia Stock Exchange and actively distributed dividends from 2012 to 2018. The results showed that the variable cash position, debt to equity ratio, and net call money had a positive and significant effect on dividends pay-out ratio, and return on assets, loan to deposit ratio, and a negative and significant effect on the dividend pay-out ratio on data regression.
THE EFFECT OF MANAGEMENT AND WORKING CAPITAL POLICIES ON THE PROFITABILITY OF MANUFACTURING COMPANIES LISTED IN INDONESIA STOCK EXCHANGE Bobby Cornelius; Sapto Jumono
(JRAMB) Jurnal Riset Akuntansi Mercu Buana Vol 7, No 1: Mei 2021
Publisher : Universitas Mercu Buana Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26486/jramb.v7i1.1418

Abstract

The purpose of this study was to determine the effect of the receivable period, the debt period, cash turnover, investment policies, and financing policies on profitability. This study used linear regression analysis with 30 manufacturing sector companies listed on the Indonesia Stock Exchange in 2015-2017 used as a sample. The results showed that there was a statistical significance between profitability, measured through the receivable period, the working capital investment policy, and the working capital financing policy. Extension of the credit period to customers is a cost for the company. Following a conservative investment policy by having high-level short-term investments has a negative effect on profitability and firm value. While working capital financing policies have a significant positive effect on profitability, following a conservative financing policy by using more long-term debt to fund the company's operating activities has a positive effect on company profitability.
Intellectual Capital Measurement and Company Performance, Any Real Impact? Noel Singgih Haryo Pradono; Eka Bertuah; Sapto Jumono; Agus Munandar
Enrichment : Journal of Management Vol. 12 No. 5 (2022): December: Management Science And Field
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (470.582 KB) | DOI: 10.35335/enrichment.v12i5.886

Abstract

This study aims to determine the effect of Intellectual Capital measured by VAIC on company performance measured with ROA, ROE and MBV. As many as 19 non-financial companies with 183 observations for the period of 2010-2020 (unbalanced panel) was used for panel data regression model. fixed effect model with robust is the most suitable model for ROA and ROE panel data regression. For MBV random effect model is considered appropriate in this research. According to the results only human capital is the most significant component for ROA and ROE. For MBV, none of the components have significant impact on share performance. Regression result showed that MBV is not suitable to measure company share performance.
Hubungan Makroekonomi dan Psikologi Investor Terhadap Resiko Pengambilan Keputusan Investasi Saham Alfian Yudha Sasongko; Sapto Jumono; Eka Bertuah
JMB : Jurnal Manajemen dan Bisnis Vol 11, No 2 (2022): JMB : Jurnal Manajemen dan Bisnis
Publisher : Universitas Muhammadiyah Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31000/jmb.v11i2.6995

Abstract

This study aim to determine the relationship between psychological factors (risk perception, herding and overconfidence) and macroeconomic factors (inflation, interest rate and exchange rate) on investment decision making. Population in this study was 150 respondents investor in Jakarta using purposive sampling with criteria investor being at least 17 years old. Distribution of questionnaires to respondent using google from to carry out processing of collecting respondent data with multiple linier regression analysis techniques using SPSS (Statical Package for the Socials Science). The result of this research indicate that psychological factor overconfidence has positive and significant effect on investment decision making, while herding has a positive and insignificant effect on investment decision making. This affect the intention and belief in making investment decisions making based on theory reasoned action
The Effect of Non Performing Loan (NPL), Independent Commissioner (KMI), and Capital Adequacy Ratio (CAR) on Firm Value (PBV) Mediated by Return on Asset (ROA) M. Ikhsan; Sapto Jumono; Agus Munandar; Abdurrahman Abdurrahman
Quantitative Economics and Management Studies Vol. 3 No. 5 (2022)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (884.831 KB) | DOI: 10.35877/454RI.qems1063

Abstract

The purpose of this study was to analyze the effect of Non Performing Loan (NPL), Independent Commissioner (KMI) and Capital Adequacy Ratio (CAR) on Firm Value (PBV) mediated by Return on Assets (ROA). The population of this study are all banking companies listed on the Indonesia Stock Exchange for the 2016-2020 period. The sample in this study were 22 banking companies that were selected based on the purposive random sampling method. This study was conducted with a path analysis approach using panel data regression analysis on Eviews 10. The results of this study conclude the following: NPL has a negative and significant effect on ROA, KMI has a positive and significant effect on ROA, CAR has a positive and insignificant effect on ROA, NPL has a positive and insignificant effect to PBV, KMI has a positive and significant effect on PBV, CAR has a significant and positive effect on PBV and ROA has a significant positive effect on PBV. The relationship between NPL and PBV mediated by ROA shows that it is fully mediated. Meanwhile, the relationship between KMI and CAR on PBV mediated by ROA shows that there is a partial mediated.
Co-Authors Abddurahman, Abddurahman Abdurahman Abdurrahman Abdurrahman Abdurrahman Abdurrahman Abdurrahman Abdurrahman Abdurrahman Adhikara, Muhammad Fachruddin Arrozi Agus Munandar Alfian Yudha Sasongko Angela, Michelle Anhar, Febri Anisya Suwardi Anugrah, Faisal Bobby Cornelius Chajar Matari Fath Mala DB Hakim, DB Hakim Dedi Budiman Hakim Dwi Ramadani Eka Bertuah Erliza Noor Fadli, Jul Aidil Fathmala, Chajar Matari Hakim, Dedi Budiman Imanuel Madea Sakti Jatmiko Jatmiko Kartika Sitorus Kristina , Desi Laksono Trisnantoro Langgeng Harum Islami LIA AMALIA M Firdaus, M Firdaus M. Ikhsan Mala, Chajar Matari Fath MF. Arrozi Adhikara Muhamad Firdaus Noel Singgih Haryo Pradono Rahayu, Nurjannah Endah Royhisar Martahan Simanungkalit SL Hastirin Djulijanti SL Hastirin Djulijanti Solly Aryza Sri Handayani Sugiyanto - Suharna, Jaka TATI NURHAYATI Tirta, Yonathan Harun Windarko Windarko Yusuf Iskandar Zahra, Ghaida Tsuraya