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ANALISIS FAKTOR FAKTOR YANG MEMPENGARUHI SHARE REPURCHASE (Studi pada Perusahaan Non-Keuangan yang Terdaftar di Bursa Efek Indonesia Periode 2008-2014) Rahmadhani, Arindra Karunia; Mawardi, Wisnu
Diponegoro Journal of Management Volume 5, Nomor 3, Tahun 2016
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

This study aims to determine factors that influencing the magnitude of share repurchases. The Independent variables used in this study are dividend payout ratio, market to book ratio, free cash flow, firm size and debt to equity ratio. The population of this study includes all firms registered in Indonesia Stock Exchange that conduct share repurchase program in 2008-2014. Sample choosen using purposive sampling technique with the criteria are share repurchases held by non-financial firms that paying cash dividend in the prior year of repurchase. Approximately 53 repurchases are obtained from 39 sample firms. Multiple Regression Analysis is used to examine the influence of each variable toward share repurchase. The result show that free cash flow have positive and significant effect toward share repurchase. Firm size have positive and significant effect toward share repurchase. Dividend payout ratio have positive but insignificant effect. Market to book ratio have positive but insignificant effect. Debt to equity ratio have negative but insignificant effect toward share repurchase.
FAKTOR-FAKTOR YANG MEMPENGARUHI PROFITABILITAS BANK DENGAN PERTUMBUHAN KREDIT SEBAGAI VARIABEL INTERVENING (Studi pada Bank Umum Go Public yang Terdaftar di Bursa Efek Indonesia Tahun 2012-2016) Adistya, Renna; Mawardi, Wisnu
Diponegoro Journal of Management Volume 7, Nomor 4, Tahun 2018
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

This study aims to analyze the factors that effect bank profitability (ROA) in commercial banks go public that is listed on the Indonesia tock Exchange period of 2012-2016. Independent variables used in study are Capital Adequacy Ratio (CAR), Third Party Fund (DPK), Non Performing Loan (NPL) and credit growth as an intervening variable.The population used in this study are all commercial banks go public which is listed on Indonesia Stock Exchange (IDX) period of 2012-2016. Sampling in this study using saturation sampling which resulted in a sample into 43 commercial banks go public. The analysis technique used is Path Analyst which is a development of multiple regression analysis.The results of this study showed that CAR has a positive effect and insignificant to credit growth, DPK has positive effect and significant to credi growth. NPL has negative effect and significant to credit growth. CAR has positive effect and insignificant to profitability. DPK and credit growth have positive and significant to profitability. NPL has negative and significant to profitability. Then, credit growth is able to mediate the effect of DPK to profitability. But credit growth is not able to mediate the effect of  CAR and NPL to profitability.
ANALISIS PENGARUH PROFITABILITAS KEPUTUSAN INVESTASI KEPUTUSAN PENDANAAN DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN (Studi pada Perusahaan yang Terdaftar di Jakarta Islamic Index Tahun 2011-2015) Kurniawan, Noval; Mawardi, Wisnu
Diponegoro Journal of Management Volume 6, Nomor 2, Tahun 2017
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

The main goal of the company is to maximize shareholder wealth, and it can be achieved by maximizing the value of company. This study is aim to examine the effect of profitability, investment decision, financing decision, dividend policy to the firm value. Return On Asset (ROA) was used as a proxy of profitability, Total Asset Growth (TAG) was used as a proxy of investment decision, Debt to Equity Ratio (DER) was used as a proxy of financing decision, Dividen Payout Ratio (DPR) was used as a proxy of dividend policy and Price Book Value (PBV) was used as a proxy value of the firm. This results partially on profitability (ROA) and invesment decision (TAG) have the positive and significant effect to the firm value (PBV). In contrast, financing decision (DER) and dividend policy (DPR) has the positive and unsignificant effect to the firm value (PBV). Simultaneously, the four independent variables that affect the company's variable value (PBV), but the value of the company is not only influenced by internal factors, the company's value is also influenced by external factors such as interest rates, inflation rates, exchange rates and social and political situation.
Analisis Risiko Kebangkrutan Bank Syariah dengan Metode Zscore (Studi Kasus pada Bank Umum Syariah di Indonesia periode 2008-2014) Hasanatina, Foza Hadyu; Mawardi, Wisnu
Diponegoro Journal of Management Volume 5, Nomor 2, Tahun 2016
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

This study aims to examine islamic bank’s insolvency risk in Indonesia. Insolvency risk is measured by Zscore method. Factors are used in this study which influence islamic bank’s insolvency risk are fee based income, cost inefficiency, loan asset ratio and size.            The population are islamic banks in Indonesia. This study use purposive sampling technique and select 5 (five) islamic bank for the sample. Characteristic of the sample are islamic banks in Indonesia which have periodic accounting data published by Otoritas Jasa Keuangan (OJK) in 2008-2014. The analisys method is multiple linier regression analysis.             The result show that fee based income, cost inefficiency and loan asset ratio have significant and positive influence on islamic bank’s insolvency risk, but size has no significant influence on islamic bank’s insolvency risk. Judging by the value of adjusted R square was 31,3% which means the independent variabel is able to explain 31,3% variation of dependent variabel.
ANALISIS PENGARUH CAPITAL ADEQUACY RATIO, LOAN TO DEPOSIT RATIO, BOPO, DAN NET INTEREST MARGIN TERHADAP KINERJA KEUANGAN BANK. ( Studi pada Bank Umum Konvensional yang Terdaftar di Bursa Efek Indonesia Tahun 2010-2014 ) Ardiansyah, Rizki; Mawardi, Wisnu
Diponegoro Journal of Management Volume 6, Nomor 4, Tahun 2017
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

The banking industry in Indonesia facing a difficulty after the crisis and showing its performance.. This study aims to obtain empirical evidence about the effect of Capital Adequacy Ratio (CAR), Loan Deposit Ratio (LDR), Operating Expenses to Operating Income (BOPO) and Net Interest Margin (NIM) to the Return On Assets (ROA) and determine the variabel that give the dominant influence on the annual report of conventional banks in Indonesia.The object of research is 41 conventional banks in Indonesia in assets listed on the Bursa Efek Indonesia (BEI) for the period 2010-2014 and the sample used in this research is secondary data from Return On Assets (ROA). This study used the purposive sampling method. The data analyses employed the use of multiple linear regression. The result from this study indicates that CAR and NIM has not significant influences on ROA. And then, LDR and BOPO has significant influence on ROA.
Analisis Pengaruh Struktur Aktiva, Asset Turnover, Growth Terhadap Profitability Melalui Variabel Capital Structure Sebagai Variabel Intervening (Studi Kasus pada Perusahaan Consumer Goods BEI Periode Tahun 2012-2014) Wardhana, Iga Bagus Jaya; Mawardi, Wisnu
Diponegoro Journal of Management Volume 5, Nomor 2, Tahun 2016
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

The objectives of this research are to find and analyze connection between Assets Structure, asset turnover, growth asset, to profitability. In this case, Capital Structure become a intervening variable to know the relationship between  Asset Structure, total asset turnover, growth asset to profitability.            This research conducted in manufacture companies on consumer goods sector that listed in Indonesian Stock Exchanges on period 2012-2014. The data used in this research is from financial report on Indonesian Stock Exchanges. The method of this research is using quantitative approach with path analysis. The sample used is 26 companies with specific criteria.            The result show that Asset Structure have a positive significant impact to the capital structure. Total asset turnover have a negative impact to capital structure. Growth asset don’t have any impact to capital structure. Assets Structure have a positive significant impact to profitability. Total asset turnover have a positive significant impact to the profitability and growth asset don’t have any impact to profitability.
PENGARUH NON INTEREST INCOME, GROWTH OF ASSET, LOAN TO ASSET, CAR, DAN LOAN LOSS PROVISION TO ASSET TERHADAP RISIKO BANK Putra, Ardhilo; Mawardi, Wisnu
Diponegoro Journal of Management Volume 6, Nomor 4, Tahun 2017
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

The increasing demands of financial services and technology has led the bank to increase their service to compete in the banking industry. Other service that bank provide by now will increase non interest income and led to bank income diversification. This research was conducted to examine the effect of bank income diversification (non interest income), Growth of assets (ΔTA), Loan to asset, CAR, and Loan loss provision to asset towards bank risk measured by SDROA (Deviation Standard of Return on Asset) and SDROE (Deviation Standard of Return on Equity). We use commercial banks that listed on Indonesia Stock Exchange (IDX) through period 2011-2015 as a sample of the research and based on purposive sampling, we selected 24 banks as the sample of this research. We use multiple regression analysis to examine the effect.The Result indicate that some determinants of Bank Risk such as NNII, Loan to Asset, and Loan Loss Provision to Asset affect SDROA (Standard Deviation of Return on Asset) as a risk measure, and NNII, ΔTA, and Loan Loss Provision to Asset affect SDROE (Standard Deviation of Return on Equity) as other risk measure.  However, Capital Adequacy Ratio do not affect bank risk that measured by SDROA and SDROE in this research by another variables which not include in these research model.
ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI FINANCIAL DISTRESS PADA PERUSAHAAN PERBANKAN DI INDONESIA (Studi Pada Bank Umum Swasta Devisa dan Non Devisa Periode 2012-2016) Yurivin, Nerissa; Mawardi, Wisnu
Diponegoro Journal of Management Volume 7, Nomor 4, Tahun 2018
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

Banking is a business entity that has the task of rasing funds from public in the form of credits and/or others forms in order to improve the lives of many people. Private banks, especially Foreign Exchange and Non-Foreign Exchange in Indonesia are susceptible to financial distress, one of which is reflected in the decreasing level of net income. This study aims to find out the influence of CAMEL ratio proxied by Capital Adequacy Ratio, Non Performing Loan, Operational Cost for Operating Income, Return on Asset, and Loan to Deposit Ratio on Foreign Exchange Banks and Non-Foreign Exchange Banks against financial distress.The sample used in this research comes from Foreign Exchange Banks and Non-Foreign Exchange Banks listed on Indonesia Stock Exchange from 2012 to 2016, which is then selected by using purposive sampling technique. The number of samples obtained is 55 samples with 5 years time of observation. The samples obtained were processed using logistic regression model, after the previous goodness of fit test was done to test the feasibility of the data.The results of this study indicate Non Performing Loan and Return on Asset have an influence on the financial distress of Foreign Exchange and Non-Foreign Exchange Banking. Meanwhile, Capital Adequacy Ratio, Operational Cost for Operating Income and Loan to Deposit Ratio have no influence on the financial distress of Foreign Exchange and Non-Foreign Exchange Banking. In this test we get goodness of fit test result of 57,5% for Nagelkerke’s R Square test and 93,1% for Hosmer test and Lameshow’s goodness fit model.
PENGARUH GIRO WAJIB MINIMUM (GWM), SUKU BUNGA DEPOSITO BERJANGKA, DANA PIHAK KETIGA (DPK) DAN COST OF LOANABLE FUNDS TERHADAP BASE LENDING RATE (BLR) (Studi Pada Bank Swasta Nasional dan Bank Persero yang Terdaftar di Bursa Efek Indonesia Periode 2010-201 Nabilah, Hashifah; Mawardi, Wisnu
Diponegoro Journal of Management Volume 5, Nomor 3, Tahun 2016
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

Base lending rate is the implementation process of the management of bank funding. In banking industry which more competitive, banks are required to offer a low base lending rate. On the other hand, the banks had no motivation to maximize revenue. This study is aimed to analyze the effect of reserve requirements, deposit interest rates, third party funds and cost of loanable funds to the base lending rate.            The samples used in this study are 14 private national banks and state-owned banks listed on the Indonesia Stock Exchange in 2010-2014. The method of this research is using multiple regression model with IBM SPSS Statistics 22 program to analyze the effect of independent variables to the dependent variable.            The result shows that the deposit interest rate and the cost of the loanable funds have positive and significant effect to the base lending rate. However, reserve requirements and third party funds does not affect to base lending rate. These results proved that high interest rates on time deposits are the bank's strategy to increase market share of time deposits which is bank's largest sources of funding and the component that has the biggest influence on BLR is COLF amounted to 33.79% of the components that form BLR.
ANALISIS PENGARUH BOPO, EAR, LAR DAN FIRM SIZE TERHADAP KINERJA KEUANGAN (Studi kasus pada bank umum konvensional yang terdaftar di Bursa Efek Indonesia periode 2008-2011) Kurnia, Indra; Mawardi, Wisnu
Diponegoro Journal of Management Volume 1, Nomor 4, Tahun 2012
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

This study aims to determine the effect of Operating Expenses to Operating Income (BOPO), Equity to Total Assets Ratio (EAR), Loan to Assets Ratio (LAR) and firm size on Return on Assets (ROA). This study used four independent variables, namely BOPO, EAR, LAR, and firm size, with one dependent variable is Return on Assets (ROA). Sampling technique used was purposive sampling criteria (1) banking company listed in Indonesia Stock Exchange and has the most complete financial statements and have been published in the Bank Indonesia during the observation period from 2008 to 2011, (2) conventional commercial banks have already listing before the end observation period. Data obtained by the publication of financial statements listed on the website of Bank Indonesia. Obtained the sample of 12 companies. Analysis technique used is multiple regression, the assumptions of classical test and test hypotheses using t-statistics, testing the coefficient of determination and F-statistics to test the effect of the joint - the same as the level of significance of 5%. It also tested the classical assumptions that included tests of normality, multicollinearity test, test of heteroscedasticity, and autocorrelation test. Based on the results of data analysis, showed that: BOPO variables, firm size, loan to Assets Ratio (LAR) has a positive and significant impact on Return on Assets (ROA). The variable Equity to Total Assets Ratio (EAR) has a negative effect but not significant and have the smallest impact on Return on Assets (ROA).
Co-Authors Adistya, Renna Anisqe Adita Ardiansyah, Rizki Arief Rachman Arindra Karunia Rahmadhani, Arindra Karunia Asriyani, Rahma Asti Mardiana Putri, Asti Mardiana Astuti, Fitria Yuni Asyazilal, Abieta Cahyana, Muhammad Aziz Catur Karyanto Pilih Chotrianda, Nadhia Fortuna Dea Adielyani Diah Meani R.M.D Dinda Ayu Septiana Doni Setiawan Dul Muid Eliezer Yudha Nattan Fahmi Hasan, Fahmi Farhanditya, Ferdiansyah Djody Farich Novrina Sandy Fitri Andriani, Lia Foza Hadyu Hasanatina, Foza Hadyu Fuad Mas’ud Glady Precillia Arindi, Glady Precillia Hadi, Naufal Handayani, Heny Harjum Muharam Harris, Rizky Muhammad Hashifah Nabilah Hashifah Nabilah, Hashifah Hendra Fitrianto Hendratno, Roberto Heny Handayani Iffada, Berliana Iga Bagus Jaya Wardhana, Iga Bagus Jaya Indra Kurnia Irene Rini Demi Pangestuti Kurniawan, Noval Kusuma, Difa Putra Makusara, Kumaralalita Mansur Mansur Miyasto Miyasto Mochammad Ardani Muhajir, Atok Muhammad Aziz Cahyana Muhammad Azmi Fauzan, Muhammad Azmi Nugroho, Leonardus Jayadi Pangestika, Devi Wahyu Pradhipta, Rama Dwika Prasetyo, Ivan Pratama, Anaszaki Purbayu Budi Santosa Putra, Ardhilo Putranto, Andre Novia Rachmawati, Windasari Rahmitha, Sasya Ramadhan, Aryasatia Rayhan, Raditya Valeri Aurelia Retno Hidayati Reza Surya Akdiwidjaya Riza, Mukaffi Rizky Utami, Anindya Rizqi Amalia Yasinta Putri Robiyanto Robiyanto Robiyanto, Robiyanto Robiyanto, Robiyanto Ryan Havidhian Putra Sari, Dwi Kamilah Sasya Rahmitha Setiyawati, Lia SUGENG WAHYUDI Sugeng Wahyudi, Sugeng Susilowati, Titi Indah Syafa’ati, Fiskia Tarigan, Edi Suranta Thoriq, Ezar Aufa Tiari Aprisilya, Tiari Vidianto, Muhammad Afiq Wafdayanti, Haasya Widiastuti, Cahyaning Ajeng Yurivin, Nerissa Zakiah Zakiah