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MANA JEMEN RISIKO DAN KINERJA KEUANGAN (BANK KONVENSIONAL VS BANK SYARIAH) Apriani Simatupang; Farah Margaretha; Bahtiar Usman
Jurnal Tabarru': Islamic Banking and Finance Vol. 4 No. 2 (2021): Jurnal Tabarru' : Islamic Banking and Finance
Publisher : Department of Islamic Banking, Faculty of Islamic Studies, Islamic University of Riau (UIR)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25299/jtb.2021.vol4(2).7945

Penelitian ini bertujuan untuk menganalisa dampak manajemen resiko terhadap kinerja keuangan bank konvensional dan bank syariah dan untuk membandingkan dampak manajemen resiko terhadap kinerja keuangan pada bank konvensional dengan bank syariah. Manfaat penelitian ini dapat memberikan informasi terutama kepada investor dalam menentukan investasi dalam perbankan. Metode penelitian yang digunakan yakni terdiri atas uji statistik deskriptif (memberikan deskripsi setiap variabel yang digunakan dan hasil mean serta median) dan uji regresi yang terdiri dari uji asumsi klasik (uji normalitas, uji multikolinearitas, uji autokorelasi, dan uji heterokedastisitas) dan uji teori (yang terdiri dari : uji F, uji R2, dan uji t) setelah itu membuat model matematik yang terbentuk dari data yang ada. Hasil penelitian menunjukkan bahwa manajemen resiko (NPL, LDR, CAR, CIR, NIM) bank konvensional dan bank syariah secara simultan memiliki dampak terhadap kinerja keuangan (ROA dan ROE). Dampak manajemen resiko terhadap ROA (sebesar 44,91%) pada bank konvensional lebih besar daripada ROE (sebesar 32,06%). Dampak manajemen resiko terhadap ROA (sebesar 48,99%) pada bank syariah lebih besar daripada ROE (sebesar 36,57%). Manajemen resiko yang berpengaruh terhadap kinerja keuangan ROA pada bank konvensional adalah NPL, NIM, LDR dan CIR. Manajemen resiko yang berpengaruh terhadap kinerja keuangan ROE pada bank konvensional adalah NPL, NIM, LDR dan CIR. Manajemen resiko yang berpengaruh terhadap kinerja keuangan ROA pada bank syariah adalah NIM, LDR dan CIR. Manajemen resiko yang berpengaruh terhadap kinerja keuangan ROE pada bank syariah adalah LDR dan CIR.

PENGARUH SUKU BUNGA DEPOSITO, PDB DAN VOLUME PERDAGANGAN SAHAM TERHADAP IHSG DI INDONESIA ( Pengguna Model ARCH-GARCH, Kointegrasi dan ECM ) Bahtiar Usman
Media Riset Bisnis & Manajemen Vol. 7 No. 1 (2007): Media Riset Bisnis & Manajemen
Publisher : Universitas Trisakti

The Study purpose is to choose the best model to predict changes in Indek Harga Saham Gabungan at Indonesia capital market. The resarch use IHSG, Stock Trading Volume, Interest Rate and GDP data from 1992: 01-2005: 12. The study find that Arch-Garch is the best model to predict changes in IHSG rather than ECM because this model fit to data which contains heterochasticity where prior error volatility occurred. The results are, interest rate have negative effect to IHSG while Stock Trading Volume and GDP have a positive effect with R2 around 87.27%.

MODAL KERJA SEBAGAI PREDIKTOR NILAI PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA Henny Setyo Lestari; Bahtiar Usman
Media Riset Bisnis & Manajemen Vol. 20 No. 1 (2020): Media Riset Bisnis & Manajemen
Publisher : Universitas Trisakti

AbstrakPurpose - This study aims to determine the effect of working capital on firm value. The dependent variable in this study is firm value (tobin’s q). The independent variable is investment policy, financing policy, cash conversion cycle and debt control variable, liquidity, company sizeDesign/Methodology/Approach - Data penelitian ini menggunakan laporan keuangan perusahaan yang terdaftar di Bursa Efek Indonesia sebanyak 73 perusahaan manufaktur sebagai sampel dengan periode penelitian dari tahun 2014-2018. Metode penelitian ini menggunakan pengujian hipotesis dan analisis regresi berganda.Finding - Hasil penelitian menunjukkan bahwa kebijakan pembiayaan, likuiditas dan ukuran perusahaan berpengaruh negatif terhadap nilai perusahaan, sedangkan siklus konversi kas dan hutang berpengaruh positif terhadap nilai perusahaan.Organization/nilai - Memaksimalkan kemakmuran pemegang saham dan nilai perusahaan dapat diwujudkan dengan memperhatikan kebijakan pembiayaan, suklus konversi tunai, hutang, likuiditas dan ukuran dari perusahaan.

COVERED INTEREST ARBITRAGE UNTUK BEBERAPA VALUTA ASING YANG KUAT TERHADAP RUPIAH Bahtiar Usman
Media Riset Bisnis & Manajemen Vol. 1 No. 2 (2001): Media Riset Bisnis & Manajemen
Publisher : Universitas Trisakti

Economic agents preffered to invest in foreign exchange in recent year. Where circu- lation of money and capital are faster than transaction on goods & services one of the common type of then is arbitrage The high return from one transaction facility will give the high risk, as a result the decision making for such investment in foreign exchange is becoming important The purpose of this study is to do the simulation by using Arbitrage facilities for such investment on foreign exchange. This study will find the best foreign exchange between US Dollar, Deutsche Mark, Poundsterling and Yen, with the bestinterest rate and the best inflation rate for such transaction by using Arbitrage transaction mechanism. in foreign exchange transaction, the speculation risk is very high but this is becoming a reason why this kind of transaction being attractive and obviously more economic agents done this business. When the exchange rates become high, economic agents have a chance to get the high profit because of such differences occurred on exchange rates. The problem is how to manage this situation as well as possible mainly for managers. The role of estimation on foreign exchange for example by knowing the variables that determined foreign exchange rates, is important for trading on foreign exchange. Beside that, Arbitrage can give an additional profit from such investment in a foreign exchange and windfall profit from spread of the foreign exchange.

HUBUNGAN ANTARA KARAKTERISTIK PERUSAHAAN DENGAN IMPLIED COST OF CAPITAL PADA PERUSAHAAN DI INDONESIA Bahtiar Usman
Media Riset Bisnis & Manajemen Vol. 3 No. 2 (2003): Media Riset Bisnis & Manajemen
Publisher : Universitas Trisakti

This study, proposes an altenative technique for estimating the cost of capital. Specifically, it use discounted residualincome model. The examine firms characteristic that are systemati- cally related to this estimate of cost of capital, it show that a firm's cost of capital isa function of its long term Debt to Book Ratio (Ln D/B), Long Fim Size (Ln Size), Eaming Variability (Ln Ev) and Long Debt to Market Ratio (Ln D/M). These variables explain around 63% of the coss secional variaton in future implied costof capital. The findings suggest that they can be exploited to estimate future cost of capital in Indonesia.

DETERMINAN PRICE EARNING RATIO PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA Bahtiar Usman; Henny Setyo Lestari
Media Riset Bisnis & Manajemen Vol. 21 No. 1 (2021): Media Riset Bisnis & Manajemen
Publisher : Universitas Trisakti

ABSTRACT Purpose – This study aims to determine the factors that affect the P/E ratio. Price Earning Ratio (P/E Ratio) is an indicator in assessing the performance of a company. A company that has a high P/E ratio means that it has high growth prospects.Design/Methodology/Approach – The sample used in this study is manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2015 to 2019. The independent variables used are dividend growth, dividend payout ratio, dividend yield, earnings growth, leverage ratio, net. asset value per share, return on assets, return on equity, size, and Tobin's Q. The dependent variable in this study is the P/E ratio. The number of samples used was 30 manufacturing companies taken using purposive sampling method. By using multiple regression analysis with the General Least Square (GLS) approach method.Finding – The results of this study indicate dividend payout ratio,dividend yield, earnings growth, return on assets, return on equit, size and Tobin's Q have an effect on P/E ratio. Dividend growth, leverage and net asset value per share have no effect on P/E ratio. The results of this study are expected to be used by future researchers, company managers and investors in determining the factors that can affect the P/E ratio in manufacturing companies. ABSTRAK Tujuan - Penelitian ini bertujuan untuk mengetahui faktor-faktor yang mempengaruhi P/E ratio. Price Earning Ratio (P/E Ratio) merupakan salah satu indikator dalam menilai kinerja suatu perusahaan. Perusahaan yang memiliki P/E ratio yang tinggi berarti memiliki prospek pertumbuhan yang tinggi pulaDesain/Metodologi/Pendekatan - Sampel yang digunakan dalam penelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) dari tahun 2015 sampai dengan 2019. Variabel bebas yang digunakan adalah pertumbuhan dividen, dividend payout ratio, dividend yield, pertumbuhan laba, rasio leverage, net. nilai aset per saham, return on assets, return on equity, size, dan Tobin's Q. Variabel terikat dalam penelitian ini adalah P/E ratio. Jumlah sampel yang digunakan adalah 30 perusahaan manufaktur yang diambil dengan menggunakan metode purposive sampling. Dengan menggunakan analisis regresi berganda dengan metode pendekatan General Least Square (GLS).Temuan – Hasil penelitian ini menunjukkan bahwa pertumbuhan dividen, dividend payout ratio, nilai aset bersih per saham, return on assets, return on equity, dan Tobin's Q berpengaruh terhadap P/E ratio. Dividen yield, pertumbuhan laba, leverage dan size tidak berpengaruh terhadap P/E ratio. Hasil penelitian ini diharapkan dapat digunakan oleh peneliti selanjutnya, manajer perusahaan dan investor dalam menentukan faktor-faktor yang dapat mempengaruhi rasio P/E pada perusahaan manufaktur.

The Influence of Service Performance Capabilities, Service Encounter, and Storynomics Tourism on Customer Delight Mediated by Memorable Tourism Experiences Ari Yuniarso; Bahtiar Usman; Justine Tanuwijaya
International Journal Of Humanities Education and Social Sciences (IJHESS) Vol 5 No 5 (2026): IJHESS APRIL 2026
Publisher : CV. AFDIFAL MAJU BERKAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55227/ijhess.v5i5.2130

This study examines the influence of service performance capabilities, service encounters, and storynomics tourism on customer delight, with memorable tourism experiences acting as a mediating variable. Grounded in the view that emotionally meaningful tourism experiences extend beyond conventional satisfaction, this explanatory study was conducted in Madiun City, East Java, Indonesia. Data were collected from 250 tourists using structured questionnaires measured on a five-point Likert scale and analyzed using Structural Equation Modelling–Partial Least Squares (SEM-PLS). The results indicate that service performance capabilities and storynomics tourism do not have a significant direct effect on customer delight, but both significantly enhance memorable tourism experiences. In contrast, service encounters exert a significant direct influence on both memorable tourism experiences and customer delight. Furthermore, memorable tourism experiences have a strong positive effect on customer delight and fully mediate the relationships between service-related variables and customer delight. The findings show that service performance capabilities (O = 0.032, p = 0.586) and storynomics tourism (O = 0.076, p = 0.197) do not have a significant direct effect on customer delight, although both significantly enhance memorable tourism experiences (O = 0.439 and O = 0.360, respectively; p = 0.000). Service encounters, however, have a significant positive impact on both memorable tourism experiences (O = 0.287, p = 0.000) and customer delight (O = 0.164, p = 0.000). Memorable tourism experiences strongly predict customer delight (O = 0.446, p = 0.000) and fully mediate the effects of service-related variables. These findings underscore the strategic importance of experience-based value creation and provide empirical support for service-dominant logic within the tourism context.

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