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All Journal Jurnal Reviu Akuntansi dan Keuangan MATRIK: JURNAL MANAJEMEN, STRATEGI BISNIS, DAN KEWIRAUSAHAAN Jurnal Keuangan dan Perbankan Jurnal Manajemen Teori dan Terapan Jurnal Ekonomi dan Bisnis Islam Riset Akuntansi dan Keuangan Indonesia Ekonomi Bisnis Jurnal Manajemen dan Bisnis Indonesia Jurnal Ekonika : Jurnal Ekonomi Universitas Kadiri EKSPANSI al-Uqud : Journal of Islamic Economics JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis dan Inovasi Universitas Sam Ratulangi) J-MKLI (Jurnal Manajemen dan Kearifan Lokal Indonesia) Jurnal Manajemen Bisnis Riset Akuntansi dan Keuangan Indonesia

Muhammad Madyan, Muhammad

Airlangga University

Author-ID : 3226530

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Social Sciences Other

Published : 26 Documents Claim Missing Document

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Articles

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Real Estate Credit and Liquidity Risk with Ownership Structure as Moderating Variables in Banking Companies Listed on The Indonesia Stock Exchange Muhammad Madyan; Ilham Ramadhani; Rayindha Galuh Setyowati
Jurnal Manajemen Teori dan Terapan | Journal of Theory and Applied Management Vol. 14 No. 2 (2021)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jmtt.v14i2.26673

The purpose of this study is to investigate the effect of real estate credit on liquidity risk. This study also looked at the role of government ownership and foreign ownership in moderating the effect of real estate credit on bank liquidity risk. There are 43 banking companies listed on the Indonesia Stock Exchange for the 2014-2018 period used as samples. This study used a multiple linear regression model with the Ordinary Least Square (OLS) estimation method and robustness tests using the Maximum Likelihood (MLE) estimation method. The results of this study concluded that real estate credit has a significant positive effect on liquidity risk. Government ownership strengthens the positive effect of real estate credit on liquidity risk, while foreign ownership weakens the positive effect of real estate credit on liquidity risk.

Education Level of The Board of Directors and Financial Performance of Go Public Banks at The Indonesia Stock Exchange Muhammad Madyan; Rayindha Galuh Setyowati; Wulan Rahmadani Setiawan
Jurnal Manajemen Teori dan Terapan | Journal of Theory and Applied Management Vol. 14 No. 3 (2021)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jmtt.v14i3.31210

Having experience, knowledge, and expertise in banking is important for the board of directors to properly manage its activities, which is indicated by their financial performance. This study investigates the effect of the formal education level of the board of directors on financial performance in terms of profitability. The sample used in this study was 31 banking companies, especially conventional commercial banks listed on the Indonesia Stock Exchange in 2009-2018, with 244 observations. This study uses multiple linear regression analysis with the Ordinary Least Square (OLS) approach. In this study, the dependent variables used are Return On Assets (ROA) and Net Interest Margin (NIM). The independent variables used are the level of education of the board of directors divided into Master and Ph.D. This study indicates that the board of directors with the highest educational level of Masters and Ph.D has a significant positive effect on ROA. Meanwhile, the board of directors with the and education level of Masters has a significant negative effect, and the board of directors with the highest education level of Ph.D has a significant positive effect on NIM.

Zombie Company and CSR Performance with Corporate Governance and Ownership as Moderator Variables Muhammad Madyan; Nugroho Sasikirono; Putri Maulidya
Riset Akuntansi dan Keuangan Indonesia Vol 5, No 3 (2020): Riset Akuntansi dan Keuangan Indonesia
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/reaksi.v5i3.11756

This study aims to determine the relationship between zombie companies and the performance of corporate social responsibility, with corporate governance and ownership as moderator variables. A zombie company is a near-insolvent firm due to inefficiency and low profitability but still survive with external support from the government or bank (Kane, 1987). The determination of the sample is done by a purposive sampling method, with OLS and Moderated Regression Analysis methods. The number of research samples is 288 companies with a total of 1865 observations for the period 2010-2017. The analysis shows that CSR performance in zombie companies is lower than that of non-zombies. The moderator variable of corporate governance is proxied by board composition, while ownership is proxied by family ownership and institutional ownership. The board composition and institutional ownership variables do not moderate the negative effects of zombie companies on CSR performance, while the family ownership variable worsens the relationship between zombie companies and CSR performance. The research control variables are financial leverage, a dummy of state-owned enterprise, and firm size. While financial leverage has no effect on the CSR performance, the state-owned enterprise and firm size are positively related to that performance.

FAKTOR PENENTU RISIKO SAHAM PERBANKAN DI INDONESIA (STUDI PADA INDUSTRI PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA) Muhammad Madyan
Ekonomi Bisnis Volume 23, No. 2, Oktober 2018
Publisher : Jurusan Manajemen Fakultas Ekonomi Universitas Negeri Malang

Penelitian ini bertujuan untuk menganalisis dan menguji pengaruh portofolio kredit, diversifikasi pendapatan, total asset, non performing loan, foreign ownership, short term loan, dan non-interest income terhadap risiko saham pada industri perbankan di Indonesia. Data yang digunakan adalah laporan keuangan 25 perbankan go public dalam jangka waktu 2009-2013. Risiko saham diukur menggunakan standar deviasi dari return saham. Hasil penelitian ini menunjukkan bahwa variabel non-interest income, total asset, non-performing loan, dan diversifikasi pendapatan berpengaruh signifikan terhadap risiko saham perbankan. Sedangkan variabel short-term loan, foreign ownership, dan portofolio kredit berpengaruh negatif tetapi tidak signifikan terhadap risiko saham perbankan

DETERMINAN SIKLUS KONVERSI KAS INDUSTRI MANUFAKTUR DI INDONESIA (STUDI PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA) Muhammad Madyan
Ekonomi Bisnis Volume 24, No. 1, Mei 2019
Publisher : Jurusan Manajemen Fakultas Ekonomi Universitas Negeri Malang

Penelitian ini bertujuan untuk menguji dan menganalisis determinan siklus konversi kas pada industri manufaktur di Indonesia. Variabel determinan siklus konversi kas yang digunakan pada penelitian ini adalah ukuran perusahaan, pertumbuhan penjualan, profitabilitas, debt ratio, quick ratio dan operating cash flow. Data yang digunakan adalah laporan keuangan perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia dan memenuhi kelengkapan studi sejumlah 128 perusahaan dalam jangka waktu 2007-2011. Hasil penelitian ini menunjukkan bahwa profitabilitas, operating cash flow, ukuran perusahaan berpengaruh signifikan pada siklus konversi kas. Sedangkan variabel pertumbuhan penjualan, debt ratio, dan quick ratio berpengaruh tidak signifikan terhadap siklus konversi kas

FAKTOR INTERNAL, KEPEMILIKAN ASING DAN RISIKO SAHAM PERBANKAN DI INDONESIA Muhammad Madyan; Astriani Wahyuningati; Gagas Gayuh Aji; Novian Abdi Firdausi
Ekonomi Bisnis Volume 24, No. 2, Oktober 2019
Publisher : Jurusan Manajemen Fakultas Ekonomi Universitas Negeri Malang

Sebagai sektor yang telah mature, perbankan telah membuat banyak perubahan dramatis dalam mengurangi berbagai risiko manajemen dekade terakhir. Namun tetap saja perbankan masih rentan, seperti terhadap risiko saham. Faktor penentu risiko saham perbankan sangat bervariasi sehingga diperlukan adanya pengembangan penelitian. Menggunakan data komprehensif yang mencakup 25 bank go public di Indonesia selama periode 2009-2013, penelitian ini menyelidiki dampak faktor internal dan kepemilikan asing terhadap risiko saham perbankan. Dengan menggunakan metode pengujian regresi linear berganda, penelitian ini menemukan bukti kuat bahwa faktor internal seperti non-interest income, total asset, non-performing loan, dan diversifikasi pendapatan berpengaruh signifikan terhadap risiko saham perbankan. Namun untuk faktor internal lain, yaitu short-term loan dan portofolio kredit meskipun berpengaruh negatif, tetapi tidak signifikan terhadap risiko saham perbankan di Indonesia. foreign ownership, sebagai faktor non internal, juga tidak terdukung didalam hubungannya dengan risiko saham.

THE EFFECT OF MANAGERIAL OVERCONFIDENCE ON CORPORATE INVESTMENT Mochamad Ali Fudin Al Islami; Muhammad Madyan
Manajemen Bisnis Vol. 10 No. 1 (2020): April
Publisher : Universitas muhammadiyah malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jmb.v10i1.11787

The research aims to analyze the impact of managerial overconfidence on corporate investment (investment scale, overinvestment and underinvestment) using companies listed in Indonesia’s Stock Exchange in 2012-2018 as a sample. The analysis method used Ordinary Least Square and robustness test used Maximum Likelihood Estimation. The result shows that managerial overconfidence has a significantly positive impact on the corporate investment scale. It means that managerial overconfidence makes overinvestment problem more severe (more inefficient) and underinvestment problem less severe (more efficient).

PENGARUH PERKEMBANGAN KEUANGAN TERHADAP EMISI CO2 DI INDONESIA Muhammad Madyan; Deni Kusumawardani; Hasbi Ash Shidiq
Ekspansi: Jurnal Ekonomi, Keuangan, Perbankan, dan Akuntansi Vol 14 No 2 (2022)
Publisher : Jurusan Akuntansi Politeknik Negeri Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35313/ekspansi.v14i2.4536

This study aims to examine the effect of financial developments on CO2 emissions in Indonesia from 1980 to 2019 by adding financial developments as a moderating variable using multiple linear regression analysis. This study extended the STIRPAT framework as a research model. The results of the study found that financial developments had a negative effect on CO2 emissions and significantly weakened the positive effects of economic growth on CO2 emissions. In addition, economic growth, energy consumption, and urbanization negatively affect environmental quality. The results revealed that financial developments have an important role in improving environmental quality and controlling CO2 emissions.

Peluang Investasi, Pendanaan Perusahaan, dan Kebijakan Dividen Akbar Nugraha; Muhammad Madyan
Jurnal Ekonika : Jurnal Ekonomi Universitas Kadiri Vol. 7 No. 1 (2022): April 2022
Publisher : Fakultas Ekonomi Universitas Kadiri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30737/ekonika.v7i1.1131

This study aims to analyze the effect of investment opportunities and corporate financing on dividend policy. The data used in this study are companies that are included in the LQ-45 index listed in Indonesia`s Stock Exchange in 2012 - 2018 with a total of 224 observations obtained from the annual financial reports of each company with access to the website www.idx.com. The analytical method used is Ordinary Least Square (OLS) and as a robustness test using Maximum Likelihood Estimation (MLE). The results found contrary to previous studies, that investment opportunities have a positive effect on dividend policy. Corporate Financing has a negative effect on dividend policy. This research can be used as a consideration for investors in expecting dividends when investing on LQ-45 companies in Indonesia`s Stock Exchange.

How does ESG explain excess returns in emerging market? An Asset-Pricing Approach Clarissa Mulialim; Muhammad Madyan
Journal of Theoretical and Applied Management (Jurnal Manajemen Teori dan Terapan) Vol. 16 No. 2 (2023)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jmtt.v16i2.48072

Objective: Previous studies found several important risk factors for the capital market in explaining stock performance. However, most studies only consider conventional investment factors without considering sustainable ones. This study examines Environmental, Social, and Governance (ESG) performance's effect as a risk factor in a multi-factor model. Design/Methods/Approach: This study employs secondary data from the company's financial reports, annual reports, and Thomson Reuters ESG score data. The sample for this study were companies listed on the LQ45 index during the 2015-2019 period, which were selected using the purposive sampling method and produced a selection of 19 non-financial companies that met the criteria. Findings: The results show that ESG negatively affects 21 out of 30 portfolios, and the four-factor ESG model is better at explaining excess returns than the three-factor Fama-French model. Originality/Value: This study provides new insights by including ESG as a risk factor in the three-factor Fama-French model in explaining stock returns. The existence of the ESG variable allows us to identify whether sustainability is an essential determinant in explaining the average portfolio return. This study adds new insights, where using sustainability reports in the form of ESG can capture cross-sectional variations in stock returns, not only on market factors, size factors, and book-to-market factors. Practical/Policy implication: Given the established evidence that ESG factors can mitigate risk, investors are encouraged to thoroughly evaluate a company's sustainability report to assess the efficacy of its ESG performance. For managers of companies, this serves as the foundation for developing strategies that will enhance the long-term profitability and sustainability of the organization.

Co-Authors Achsania Hendratmi Akbar Nugraha Alamsyah, Fatimah Anita Carolina Astriani Wahyuningati Bayu Arie Fianto Bayu Indra Kurniawan Bin Mohd Dali, Nuradli Ridzwan Shah Clarissa Mulialim Deni Kusumawardani Gagas Gayuh Aji, Gagas Gayuh Haka Adila Harlina Meidiaswati Harlina Meidiaswati Hasbi Ash Shidiq Herlambang, Muhammad Hadyan Ilham Ramadhani Kholidah, Himmatul Maulidya, Putri Mochamad Ali Fudin Al Islami Muhammad Hadyan Herlambang Nisful Laila Novian Abdi Firdausi Novian Abdi Firdausi Novian Abdi Firdausi Nur Maulydia Rachman Pratiska, Riska Gita Puji Sucia Sukmaningrum Putri Maulidya Putri Yanti Lestyarini Raditya Sukmana Rayindha Galuh Setyowati Saraswati Kuntum Widuri Sasikirono, Nugroho Tika Widiastuti Wida Kusmayana Wulan Rahmadani Setiawan

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