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Pengaruh Good Corporate Governance Terhadap Saham Return Perusahaan Perbankan yang Tercatat di BEI Periode 2016–2019 [The Influence of Good Corporate Governance on Stock Returns of Banking Companies Listed on IDX from 2016 to 2019] Natalia, Natalia; Lusmeida, Herlina
Milestone: Journal of Strategic Management Vol. 1 No. 2 September 2021
Publisher : Universitas Pelita Harapan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19166/ms.v1i2.4368

The purpose of this study is to analyze the effect of good corporate governance on stock returns. Return is the level of profit obtained by investors on investment activities. Good corporate governance used in this study is an independent board of commissioners, audit committee, managerial ownership, and institutional ownership. This research was conducted using the annual report documentation method of banking companies listed on the Indonesia Stock Exchange (IDX) from 2016 to 2019. The sampling method in this study was purposive sampling with the number of samples obtained is 106 samples. Data processing is done by quantitative method using multiple linear regression analysis. The results of the study show that the audit committee and institutional ownership have a negative and significant effect on stock returns, while independent commissioners and managerial ownership have no effect on stock returns.BAHASA INDONESIA ABSTRAKTujuan dari penelitian ini adalah untuk menganalisis pengaruh good corporate governance terhadap pengembalian saham. Return adalah tingkat keuntungan yang diperoleh investor atas kegiatan investasi. Good corporate governance yang digunakan dalam penelitian ini adalah dewan komisaris independen, komite audit, kepemilikan manajerial dan kepemilikan institusional. Penelitian ini dilakukan dengan metode dokumentasi laporan tahunan perusahaan perbankan yang terdaftar di Bursa Efek Indonesia (BEI) 2016–2019. Metode pengambilan sampel dalam penelitian ini adalah purposive sampling dengan jumlah sampel yang diperoleh sebanyak 106 sampel. Pengolahan data dilakukan dengan metode kuantitatif dengan menggunakan analisis regresi linier berganda. Hasil penelitian menunjukkan variabel komite audit dan kepemilikan institusional berpengaruh negatif dan signifikan terhadap return saham, sedangkan dewan komisaris independen dan kepemilikan manajerial tidak berpengaruh terhadap return saham.

PREDICTION OF HEALTH INSURANCE PRODUCT PURCHASE ALLOCATION IN VARIOUS INDUSTRIES IN INDONESIA USING THE RANDOM FOREST METHOD Achmadi, Hendra; Naibaho, Eduard Ary Binsar; Sembel, Sandra; Lusmeida, Herlina
Milestone: Journal of Strategic Management Vol. 4 No 2 September 2024
Publisher : Universitas Pelita Harapan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19166/ms.v4i2.8752

The objective of this research is identifying which industry can absorb the product of wealth management such as health insurance. Secondly is to identify what the most factors important to determine closing the health insurance premium. The life insurance penetration and density in Indonesia is the lowest level among the Asian country, so the data population in this research is from 38 different companies from different types of industries with 143 data sample, by using the purposive sampling. Most factors which influence the purchasing of health insurance are Listrik, Industry, domicile, age and position, whether the industry that the most contribution for the health insurance sales is banking and education industry. The methodology that is used in this research is called CRIPS-DM (Cross Industrial Standards Program Data Mining). The first steps what is the purpose of the organization, and the second is what data that needed, and continue to data preparation, after modeling, it will make an interpretation of the result, and the final steps is deployment, it will plan how it will be implemented in the real world, and the accuracy score from this model is 58%. From the result of the projection closing health insurance from each industry, it can be concluded that the most industry that closed the health insurance is Banking Industry, the second is from insurance and the third is education and the next is education, retail, health, manufacturing and finance, hospitality, legal, publishing, technology and government and service industries.

DETERMINAN GOOD CORPORATE GOVERNANCE DAN KINERJA KEUANGAN TERHADAP MANAJEMEN LABA PADA PERUSAHAAN MANUFAKTUR Lusmeida, Herlina
Journal of Business And Entrepreneurship Vol. 7 No. 2 (2019): JOURNAL OF BUSINESS AND ENTREPRENEURSHIP (November 2019 Edition)
Publisher : APPS Publications

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The purpose of this study was to determine the effect of corporate governance mechanisms and financial performance on income smoothing in manufacturing companies. The independent variable of this study is the mechanism of corporate governance and financial performance, while the dependent variable is earnings management. The sample of this research is manufacturing companies listed on the Indonesia Stock Exchange for the period 2015-2017, the method of determining samples is purposive sampling, and the data is processed using regression. The results of this study are that there is no negative influence of corporate governance mechanisms consisting of the proportion of the board of commissioners, the number of boards of commissioners, managerial ownership and CEO duality on earnings management. For KAP (Public Accounting Firm), there is a significant negative effect on earnings management. For liquidity, leverage has a negative effect on earnings management while profitability has a significant positive effect on earnings management and there is no negative effect on sales growth on earnings management. Keywords: governance, financial performance, profit management, manufacturing Tujuan penelitian ini untuk mengetahui pengaruh mekanisme tata kelola dan kinerja keuangan perusahaan terhadap perataan laba pada perusahaan manufaktur. Variabel independen penelitian ini adalah mekanisme tata kelola perusahaan dan kinerja keuangan, sedangkan variabel dependennya adalah manajemen laba. Sampel dari penelitian ini adalah perusahaan manufaktur yang terdaftar di BEI periode 2015-2017, metode penentuan sample dengan purposive sampling, data diolah dengan menggunakan regresi. Hasil dari penelitian ini adalah tidak terdapat pengaruh negatif mekanisme tata kelola perusahaan yang terdiri dari proporsi dewan komisaris, jumlah dewan komisaris, kepemilikan manajerial dan CEO duality terhadap manajemen laba. Untuk KAP (Kantor Akuntan Publik), terdapat pengaruh signifikan negatif terhadap manajemen laba. Untuk likuiditas, leverage berpengaruh negatif terhadap manajemen laba sedangkan profitabilitas berpengaruh positif signifikan terhadap manajemen laba dan untuk pertumbuhan penjualan sendiri tidak terdapat pengaruh negative terhadap manajemen laba. Kata Kunci: tata kelola, kinerja keuangan, manajemen laba, manufaktur

The Effect of Good Corporate Governance, Sustainable Growth Rate on Disclosure of Sustainability Reporting and Moderated by Covid-19 Lusmeida, Herlina; Adilla, Paskalis Krisna Putra Novaldi
Proceeding of International Conference on Entrepreneurship (IConEnt) Vol 3 (2023): Proceeding of 3rd International Conference on Entrepreneurship (IConEnt)
Publisher : Universitas Pelita Harapan

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This study aims to determine the effect of Good Corporate Governance (“GCG”) and Sustainable Growth Rate (“SGR”) on Sustainability Reports (“SR”). GCG variables are measured using 15 indices that describe the overall GCG structure. Meanwhile, SGR is calculated using an analysis of the calculation of Return on Equity (ROE) minus the Dividend Payout Ratio. The research samples taken were companies engaged in manufacturing, mining, and industry which were listed on the Indonesia Stock Exchange (IDX). The data collected consists of secondary data taken from the period before COVID-19 (2018-2019) and the period during COVID-19 (2020-2021). The results that have been done show a significant effect between GCG and SR, SGR and SR, and the effect of COVID-19 on GCG on SR. while the effect of COVID-19 on SGR on SR did not have a significant effect. This study takes the renewal of the influence of GCG, SGR, on SR by measuring the influence of COVID-19 by taking companies that have an influence on the country's development. Good GCG and SGR can help disclose good SR with factors that have been taken into account against the tested line of business and coupled with the influence of COVID-19 making the Company show its commitment in providing good performance on factors that affect their daily operational work environment.

MENINGKATKAN KINERJA UKM MELALUI MANAJEMEN MODAL KERJA DI KOTA BITUNG Handoko, Liza; Kim, Sung Suk; Ugut, Gracia; Lusmeida, Herlina
Proceeding National Conference Business, Management, and Accounting (NCBMA) 7th National Conference Business, Management, and Accounting
Publisher : Faculty of Economics and Business Universitas Pelita Harapan

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Usaha Kecil dan Menengah (UKM) memiliki peran penting dalam perekonomian Indonesia dan mendapat perhatian khusus dari pemerintah. Untuk bertahan dan berkembang, setiap UKM harus mengembangkan keunggulan kompetitifnya, yang memerlukan modal kerja yang baik untuk mendukung kegiatan operasional sehari-hari dan investasi jangka panjang. Pelatihan ini bertujuan membuka wawasan para pengusaha UKM mengenai pengelolaan modal kerja. Diharapkan pelatihan ini membantu pengusaha UKM di Dinas Koperasi dan UKM Kota Bitung menjadi lebih handal dalam mengelola modal kerja, sehingga penggunaannya lebih efektif dan memastikan keberlangsungan usaha mereka.

THE RELATIONSHIP BETWEEN CSR AND FINANCIAL DISTRESS: MODERATED BY CORPORATE LIFE CYCLE Tjendrawirawan, Bella; Lusmeida, Herlina
Proceeding National Conference Business, Management, and Accounting (NCBMA) 7th National Conference Business, Management, and Accounting
Publisher : Faculty of Economics and Business Universitas Pelita Harapan

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This research aims to prove empirically the relationship between Corporate Social Responsibility (CSR) performance and Financial Distress. Also to prove empirically how Mature Stage of Corporate Lifecycle is moderating the relationship between CSR performance and Financial Distress. The independent variable (CSR) is divided into 2 categories namely positive and negative. The populations are consumer sectors companies listed on the IDX during the period of 2018-2020. Based on purposive sampling criteria, the total observation for this study is 153 companies. Data were analysed using logistic regression analysis method by using a statistical software namely SPSS version 26. The results showed that positive corporate social responsibility has negative significant relationship with financial distress and mature stage of corporate life cycle is not significantly strengthen the relationship between positive corporate social responsibility and financial distress.

ETIKA BISNIS MEMODERASI PENGARUH MANAJEMEN RISIKO, MODAL INTELEKTUAL HIJAU DAN HAK PEMEGANG SAHAM TERHADAP KEUANGAN BERKELANJUTAN Lusmeida, Herlina; Khomsiyah; J. Arsjah, Regina
Media Riset Akuntansi, Auditing & Informasi Vol. 24 No. 1 (2024): April
Publisher : LEMBAGA PENERBIT FAKULTAS EKONOMI DAN BISNIS UNIVERSITAS TRISAKTI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25105/v24i1.19580

By using business ethics as a moderator, this research seeks to examine the impact of management risk, environmentally friendly intellectual capital, and shareholder rights on sustainable financing. This research uses secondary data, with the research period starting from 2018 to 2021, multiple linear regression analysis is used to analyze the data. The research sample consisted of 65 financial services organizations listed on the Indonesia Stock Exchange. Sustainable finance can be influenced by risk management, green intellectual capital and ethical corporate practices. Meanwhile, shareholder rights have no effect on sustainable finance. The research results show that business ethics does not strengthen the positive influence of risk management, green intellectual capital on sustainable finance, but there is an interaction between business ethics and shareholder rights so that it can influence sustainable finance.

The Effect of Enterprise Risk Management, Intellectual Capital, and Dividend Policy on Firm Value Moderated by Good Corporate Governance Tampubolon, Sylvana Noviakusuma; Herlina Lusmeida
Proceedings of the International Conference on Entrepreneurship (IConEnt) Vol. 4 (2024): Proceedings of the 4th International Conference on Entrepreneurship (IConEnt)
Publisher : Universitas Pelita Harapan

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This study aims to test and empirically prove the effect of Enteprise Risk Management, Intellectual Capital, and Dividend Policy on Firm Value with Good Corporate Governance as a moderator. The source of this study uses data secondary data from companies available at S&P Capital IQ with a total of 141 observations that have met the criteria used using purposive sampling techniques . This study employed quantitative research by using multiple regression analysis with a moderator effect (Moderated ) Regression Analysis ) with the STATA program . The results of the study showed that Enterprise Risk Management had negative influence on firm value, Company policy, namely dividend policy , had positive effect on firm value, and Intellectual Capital also Good Corporate Governance had no effect on firm value. The study too showed that Good Corporate Governance as a moderator variable strengths the relationship between company policies, namely dividend policy , on firm value but Good Corporate Governance can't moderate the relationship between both Enterprise Risk Management and Intellectual Capital on firm value.

The Effect of Good Corporate Governance, Sustainable Growth Rate on Disclosure of Sustainability Reporting and Moderated by Covid-19 Lusmeida, Herlina; Adilla, Paskalis Krisna Putra Novaldi
Proceedings of the International Conference on Entrepreneurship (IConEnt) Vol. 3 (2023): Proceedings of the 3rd International Conference on Entrepreneurship (IConEnt)
Publisher : Universitas Pelita Harapan

Show Abstract | Download Original | Original Source | Check in Google Scholar

This study aims to determine the effect of Good Corporate Governance (“GCG”) and Sustainable Growth Rate (“SGR”) on Sustainability Reports (“SR”). GCG variables are measured using 15 indices that describe the overall GCG structure. Meanwhile, SGR is calculated using an analysis of the calculation of Return on Equity (ROE) minus the Dividend Payout Ratio. The research samples taken were companies engaged in manufacturing, mining, and industry which were listed on the Indonesia Stock Exchange (IDX). The data collected consists of secondary data taken from the period before COVID-19 (2018-2019) and the period during COVID-19 (2020-2021). The results that have been done show a significant effect between GCG and SR, SGR and SR, and the effect of COVID-19 on GCG on SR. while the effect of COVID-19 on SGR on SR did not have a significant effect. This study takes the renewal of the influence of GCG, SGR, on SR by measuring the influence of COVID-19 by taking companies that have an influence on the country's development. Good GCG and SGR can help disclose good SR with factors that have been taken into account against the tested line of business and coupled with the influence of COVID-19 making the Company show its commitment in providing good performance on factors that affect their daily operational work environment.

THE RELATIONSHIP BETWEEN CSR AND FINANCIAL DISTRESS: MODERATED BY CORPORATE LIFE CYCLE Tjendriawan, Bella; Lusmeida, Herlina
Proceeding National Conference Business, Management, and Accounting (NCBMA) 7th National Conference Business, Management, and Accounting
Publisher : Faculty of Economics and Business Universitas Pelita Harapan

Show Abstract | Download Original | Original Source | Check in Google Scholar

This research aims to prove empirically the relationship between Corporate Social Responsibility (CSR) performance and Financial Distress. Also to prove empirically how Mature Stage of Corporate Lifecycle is moderating the relationship between CSR performance and Financial Distress. The independent variable (CSR) is divided into 2 categories namely positive and negative. The populations are consumer sectors companies listed on the IDX during the period of 2018-2020. Based on purposive sampling criteria, the total observation for this study is 153 companies. Data were analysed using logistic regression analysis method by using a statistical software namely SPSS version 26. The results showed that positive corporate social responsibility has negative significant relationship with financial distress and mature stage of corporate life cycle is not significantly strengthen the relationship between positive corporate social responsibility and financial distress.

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