Articles
PENGARUH GROWTH DAN LEVERAGE TERHADAP PRICE TO BOOK VALUE DALAM MEDIASI RETURN ON EQUITY DAN DIVIDEND PAYOUT RATIO
Mai, Muhamad Umar
Performance Vol 19 No 1 (2014): Performance
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman
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This study aims to examine the influence of leverage and growth to price book value, and test the mediation return on equity and dividend payout ratio in the causal relationship. The study population was categorized as a company of Jakarta Islamic Index listed on the Indonesia Stock Exchange in the period 2004-2009. Data collection methods used is purposive sampling. Criteria on the sample used, the company must have positive earnings per share and issued financial statements make it possible to determine the variables of the study.Testing of all hypotheses in this study using path analysis with Amos 16.0 package program. Furthermore, some important findings from this study can be statedas follows: 1)growth does not significantly effect the price to book value, 2) leveragehas positive and significant effect on the price to book value, 3) return on equity anddividend payout ratio to mediate the influence growth of the price to book value. However, this study found no evidence that the return on equity mediates the effect ofleverage on price to book value.
PERILAKU OPORTUNISTIK MANAJERIAL, KEBIJAKAN DIVIDEN, DAN MEDIASI PROFITABILITAS
Mai, Muhamad Umar
Performance Vol 12 No 1 (2010): Performance
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman
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This study aims to examine the influence of managerial opportunistic behavior on dividend policy, either directly or through an intervening variable as a profitability. The population of this research is the manufacturing companies listed in Indonesia Stock Exchange with the observation period starting in 2001 until the year 2007. Data collection method used was purposive sampling, and obtained as many as 154 sample firms. Furthermore, testing of all hypotheses in this study used path analysis through Amos program package 16.0. Results showed that: 1) managerial opportunistic behavior as proxy for business risk (systematic risk) have a positive effect and significant on profitability; 2) profitability and managerial opportunistic behavior with a proxy of debt to asset ratio have a positive influence and significant on dividend policy; and 3 ) profitability does not mediate the relations of causality between managerial opportunistic behavior and dividend policy.
MEKANISME CORPORATE GOVERNANCE INTERNAL DAN KECENDERUNGAN MANAJER UNTUK BERPERILAKU OPORTUNISTIK
Mai, H. Umar
Performance Vol 11 No 2 (2010): Performance
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman
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This study aims to determine and analyze the influence of internal corporate governance mechanisms of the tendency of managers to behave opportunistically. Samples used are manufacturing companies listed in Indonesia Stock Exchange with the observation period started in 2000 to 2007, and data analysis methods used are the path analysis through Amos 1.6 program. The results of this study show that: 1) internal corporate governance mechanisms that represented with independent boards and boards size could prevent the tendency of managers to opportunistic behavior represented by debt to assets ratio; 2) the internal mechanisms of corporate governance represented by boards size are able to prevent the tendency of managers to behave opportunistic represented with systematic risk.
STRUKTUR MODAL, PRODUKTIVITAS, DAN PROFITABILITAS SERTA CAPAIAN NILAI PERUSAHAAN
Mai, Muhamad Umar
Performance Vol 22 No 2 (2015): Performance
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman
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The purpose of this study is to investigate and analyze: First, the effect of capitalstructure decisions towards the level of productivity of firm. Second, the effect of capitalstructure decisions and the level of productivity towards the company's profitability.Third, the effect of capital structure decisions and profitability towards achievements ofthe value of firm. This study conducted at the manufacturing companies went public inthe Indonesia Stock Exchange, with the observation period from 2010 to 2012.The results showed that the use of debt in the capital structure of firm is proxied totaldebt to total asset ratio (leverage) when controlled properly in the sense of caution orcare, it will have a positive impact to the profitability proxy return on equity and valueof the firm. is proxied price to book value. However, manufacturing firms are profitablein the period 2010 to 2012 in the Indonesia Stock Exchange has a strong tendency toreduce the portion of debt in their capital structure
PERILAKU OPORTUNISTIK MANAJERIAL, KEBIJAKAN DIVIDEN, DAN MEDIASI PROFITABILITAS
Muhamad Umar Mai
Performance: Jurnal Personalia, Financial, Operasional, Marketing dan Sistem Informasi Vol 12 No 1 (2010): Performance
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman
Show Abstract
|
Download Original
|
Original Source
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Check in Google Scholar
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Full PDF (271.54 KB)
This study aims to examine the influence of managerial opportunistic behavior on dividend policy, either directly or through an intervening variable as a profitability. The population of this research is the manufacturing companies listed in Indonesia Stock Exchange with the observation period starting in 2001 until the year 2007. Data collection method used was purposive sampling, and obtained as many as 154 sample firms. Furthermore, testing of all hypotheses in this study used path analysis through Amos program package 16.0. Results showed that: 1) managerial opportunistic behavior as proxy for business risk (systematic risk) have a positive effect and significant on profitability; 2) profitability and managerial opportunistic behavior with a proxy of debt to asset ratio have a positive influence and significant on dividend policy; and 3 ) profitability does not mediate the relations of causality between managerial opportunistic behavior and dividend policy.
MEKANISME CORPORATE GOVERNANCE INTERNAL DAN KECENDERUNGAN MANAJER UNTUK BERPERILAKU OPORTUNISTIK
H. Umar Mai
Performance: Jurnal Personalia, Financial, Operasional, Marketing dan Sistem Informasi Vol 11 No 2 (2010): Performance
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (243.264 KB)
This study aims to determine and analyze the influence of internal corporate governance mechanisms of the tendency of managers to behave opportunistically. Samples used are manufacturing companies listed in Indonesia Stock Exchange with the observation period started in 2000 to 2007, and data analysis methods used are the path analysis through Amos 1.6 program. The results of this study show that: 1) internal corporate governance mechanisms that represented with independent boards and boards size could prevent the tendency of managers to opportunistic behavior represented by debt to assets ratio; 2) the internal mechanisms of corporate governance represented by boards size are able to prevent the tendency of managers to behave opportunistic represented with systematic risk.
STRUKTUR MODAL, PRODUKTIVITAS, DAN PROFITABILITAS SERTA CAPAIAN NILAI PERUSAHAAN
Muhamad Umar Mai
Performance: Jurnal Personalia, Financial, Operasional, Marketing dan Sistem Informasi Vol 22 No 2 (2015): Performance
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (182.614 KB)
The purpose of this study is to investigate and analyze: First, the effect of capitalstructure decisions towards the level of productivity of firm. Second, the effect of capitalstructure decisions and the level of productivity towards the company's profitability.Third, the effect of capital structure decisions and profitability towards achievements ofthe value of firm. This study conducted at the manufacturing companies went public inthe Indonesia Stock Exchange, with the observation period from 2010 to 2012.The results showed that the use of debt in the capital structure of firm is proxied totaldebt to total asset ratio (leverage) when controlled properly in the sense of caution orcare, it will have a positive impact to the profitability proxy return on equity and valueof the firm. is proxied price to book value. However, manufacturing firms are profitablein the period 2010 to 2012 in the Indonesia Stock Exchange has a strong tendency toreduce the portion of debt in their capital structure
PENGARUH GROWTH DAN LEVERAGE TERHADAP PRICE TO BOOK VALUE DALAM MEDIASI RETURN ON EQUITY DAN DIVIDEND PAYOUT RATIO
Muhamad Umar Mai
Performance: Jurnal Personalia, Financial, Operasional, Marketing dan Sistem Informasi Vol 19 No 1 (2014): Performance
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (244.828 KB)
This study aims to examine the influence of leverage and growth to price book value, and test the mediation return on equity and dividend payout ratio in the causal relationship. The study population was categorized as a company of Jakarta Islamic Index listed on the Indonesia Stock Exchange in the period 2004-2009. Data collection methods used is purposive sampling. Criteria on the sample used, the company must have positive earnings per share and issued financial statements make it possible to determine the variables of the study.Testing of all hypotheses in this study using path analysis with Amos 16.0 package program. Furthermore, some important findings from this study can be statedas follows: 1)growth does not significantly effect the price to book value, 2) leveragehas positive and significant effect on the price to book value, 3) return on equity anddividend payout ratio to mediate the influence growth of the price to book value. However, this study found no evidence that the return on equity mediates the effect ofleverage on price to book value.