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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
IPTEK MANAJEMEN PORTOFOLIO SAHAM BAGI CALON INVESTOR DI KALANGAN MAHASISWA UNIVERSITAS ESA UNGGUL JAKARTA Sugiyanto, Sugiyanto; Rahayu, Nurjannah Endah; Jumono, Sapto; Fathmala, Chajar Matari
Jurnal Pengabdian Masyarakat AbdiMas Vol 9, No 02 (2022): Jurnal Pengabdian Masyarakat Abdimas
Publisher : Universitas Esa Unggul

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47007/abd.v9i02.6192

Abstract

Berinvestasi saham di bursa memberikan keuntungan yang cukup tinggi, bagi investor yang memahami strategi investasi. Namun bagi investor yang tidak mengetahui strategi berinvestasi saham di bursa akan merugi. Karena faktor ini, investor baru, terutama di kalangan mahasiswa, masih enggan berinvestasi di pasar modal. Untuk meningkatkan literasi masyarakat khususnya investor baru agar tertarik untuk berinvestasi di pasar modal, maka perlu diadakan pelatihan pengelolaan portofolio sebagai sarana untuk melakukan pengelolaan aset investasi. Mitra atau peserta pelatihan ini adalah 60 calon investor yang terdiri dari mahasiswa FEB Universitas Esa Unggul. Pelatihan dilaksanakan dari Juli 2021 hingga Desember 2021. Hasil dari kegiatan ini adalah peningkatan pemahaman konsep investasi dan pembentukan portofolio dari para peserta. Keberhasilan kegiatan abdimas ini terlihat dari semangat dan antusiasme peserta pelatihan untuk mengikuti kegiatan hingga selesai, serta meningkatnya literasi peserta pelatihan dan meningkatnya minat untuk berinvestasi di pasar modal. Kata kunci : Manajemen Portofolio, Asset investasi,literasi keuangan
Faktor-faktor yang mempengaruhi struktur modal pada perusahaan farmasi yang terdaftar di BEI periode 2015-2020 Kristina , Desi; Jumono, Sapto
Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan Vol. 5 No. 3 (2022): Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan
Publisher : Departement Of Accounting, Indonesian Cooperative Institute, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32670/fairvalue.v5i3.2473

Abstract

This study aims to determine the effect of Net Profit Margin, Current ratio , Growth Asset, Firm Size Sales, Assset Structure, and covid-19 condition (dummy) on the Capital Structure (Long Term Debt Equity) in manufacturing companies in the pharmaceutical sub-sector on the IDX for the 2015-2020 period. Using a sampling technique with purposive sampling and obtained 8 issuers with a research period of 6 years (quarters), and the total sample data is 192. The method of analysis in this study is panel data regression. The results of this study indicate that simultaneously the NPM, CR, GA, FZS, AS, and Dummy influence the long-term debt equity (LTDER). Result from GA, AS, and Dummy partially have a significant positive effect on long-term debt equity. While the NPM, CR, and FZS partially have a significant negative influence on long-term debt equity.
Faktor-faktor yang mempengaruhi struktur modal pada perusahaan perdagangan eceran yang terdaftar di BEI periode 2015-2020 Angela, Michelle; Jumono, Sapto
Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan Vol. 5 No. 3 (2022): Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan
Publisher : Departement Of Accounting, Indonesian Cooperative Institute, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32670/fairvalue.v5i3.2474

Abstract

This study aims to determine the factors that affect the capital structure of retail trade sub-sector service companies listed on the Indonesia Stock Exchange for the 2015-2020 period by using purposive sampling as a sampling technique. This research method uses associative research using a quantitative method.. The sample used in this study was 15 companies with a total of 360 observations made for 6 years (quarters). The data analysis method used in this study is panel data regression which combines cross-section and time series data. The results of this study indicate that simultaneously the ROE, CR, AS, SIZE, GSTY, and DUMMY influence the capital structure (long-term debt to equity). The results in this study indicate that ROE, AS, SIZE, and DUMMY partially have a significant positive effect on capital structure (long-term debt to equity). Meanwhile, CR partially has a significant negative influence on capital structure (long-term debt to equity). And for the GSTY variable in this study, the results showed no effect on the capital structure (long-term debt to equity).
Market Power and Bank Liquidity Risk: Implementations of Basel III using Net Stable Funding Ratio Approach Fadli, Jul Aidil; Sakti, Imanuel Madea; Jumono, Sapto
Jurnal Keuangan dan Perbankan Vol 25, No 2 (2021): April 2021
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jkdp.v25i2.5525

Abstract

Net Stable Funding Ratio (NSFR) published by Basel III as a new standard of bank liquidity risk management. In Indonesia, the Financial Services Authority (OJK) issued the OJK Regulation No. 50/POJK. 03/2017 concerning the obligation to fulfill the NSFR for commercial banks. The research objective is to test the influence of bank market power of assets, loans, and third-party funds toward bank's liquidity risk that measured by NSFR. The research uses a data panel from 37 commercial banks in Indonesia in the period 2018Q1-2019Q4. The hypotheses are examined by using linear regression methods with a random effect model. The result shows that the effect of market power on the risk of bank liquidity is proved. Market power will increase the NSFR, which means the higher the market power, the better management of liquidity risk. This research is expected to contribute theoretically to provide the latest literature on the application of Basel III through the NSFR approach, a current measurement for bank liquidity risk. Furthermore, this research is expected to contribute practically to banks and regulators in the formulation of policies related to market control and bank liquidity risk management. Based on the result, financial consolidation to enhance market power can be a solution to encourage bank liquidity. DOI : https://doi.org/10.26905/jkdp.v25i2.5525
FAKTOR-FAKTOR YANG MEMPENGARUHI PROFITABILITAS DENGAN TATA KELOLA PERUSAHAAN YANG BAIK SEBAGAI VARIABEL MODERAT PADA BANK PEMBANGUNAN DAERAH Anhar, Febri; Abdurrahman, Abdurrahman; Bertuah, Eka; Jumono, Sapto
JURNAL CAFETARIA Vol 5 No 2 (2024): JURNAL CAFETARIA
Publisher : UNIVERSITAS KARIMUN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51742/akuntansi.v5i2.1393

Abstract

This research aims to determine the role of credit risk, liquidity and capital adequacy ratio on profitability moderated by Good Corporate Governance at Regional Development Banks in Indonesia for 2017 - 2022. Data obtained from the annual financial reports of Regional Development Banks and using 23 Regional Development Banks with a total sample 184 banks. Data collection used the purposive sampling method, and the data analysis used was Moderated Regression Analysis (MRA). Data analysis management uses Eviews 13.0 software. This test uses hypothesis testing in the form of the F and t-tests. Apart from that, classical assumption tests are also used in the form of normality tests, multicollinearity tests, autocorrelation tests and heteroscedasticity tests. The results of this research indicate that credit risk has a negative effect on profitability, liquidity and capital adequacy do not affect profitability and good corporate governance can strengthen the relationship between the influence of credit risk, liquidity and capital adequacy on profitability.