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PENGARUH TOTAL ASSET TURNOVER, DEBT TO EQUITY RATIO (DER), UKURAN PERUSAHAAN, NILAI TUKAR RUPIAH, DAN IHSG TERHADAP TERJADINYA TINGKAT UNDERPRICING SAHAM Renitia Renitia; Suripto Suripto; M. Iqbal Iqbal Harori
Jurnal Perspektif Bisnis Vol 4 No 1 (2021): Jurnal Perspektif Bisnis
Publisher : Jurusan Administrasi Bisnis, FISIP, Universitas Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1238.282 KB) | DOI: 10.23960/jpb.v4i1.45

Abstract

This study aims to determine the influence of total asset turnover, debt to equity ratio (DER), company size, rupiah exchange rate and IHSG on the occurrence of stock underpricing levels. The population used is companies that conduct IPO (Initial Public Offering) on the Indonesia Stock Exchange period 2015-2019, the population of 177 companies and samples in this study are 133 companies determined through purposive sampling. The data analysis techniques used are multiple linear regression analysis and hypothesis test with t-test and F-test. Based on the hypothetical test results showed that partial variable total asset turnover and the size of the company had a significant effect on the occurrence of stock underpricing, while other variables namely debt to equity ratio, rupiah exchange rate and IHSG were not shown to have a significant effect on the occurrence of stock underpricing. F test results showed that total asset turnover, debt to equity ratio (DER), company size, rupiah exchange rate, and JCI simultaneously had a significant effect on the level of stock underpricing. ABSTRAK Penelitian ini bertujuan untuk mengetahui pengaruh total asset turnover, debt to equity ratio (DER), ukuran perusahaan, nilai tukar rupiah dan IHSG terhadap terjadinya tingkat underpricing saham. Populasi yang digunakan adalah perusahaan yang melakukan IPO (Initial Public Offering) di Bursa Efek Indonesia selama tahun 2015-2019, populasi sebanyak 177 perusahaan dan sampel dalam penelitian ini adalah 133 perusahaan yang ditentukan melalui purposive sampling. Teknik analisis data yang digunakan adalah analisis regresi linier berganda dan pengujian hipotesis serta uji asumsi klasik yang meliputi uji normalitas, uji multikolinearitas, uji heteroskedastisitas dan uji autokorelasi dengan tingkat signifikansi alpha 5%. Berdasarkan hasil uji hipotesis menunjukkan bahwa secara parsial variabel total asset turnover dan ukuran perusahaan berpengaruh signifikan terhadap terjadinya underpricing saham, sedangkan variabel lain yaitu debt to equity ratio, nilai tukar rupiah dan IHSG tidak terbukti berpengaruh signifikan terhadap terjadinya underpricing saham. Hasil uji F menunjukkan bahwa total asset turnover, debt to equity ratio (DER), ukuran perusahaan, nilai tukar rupiah, dan IHSG secara simultan berpengaruh signifikan terhadap tingkat underpricing saham.
The IMPLEMENTASI EARLY WARNING SYSTEM DAN RASIO PERUBAHAAN DANA TABARRU TERHADAP TINGKAT KESEHATAN ASURANSI Vika Lisdiyanti; Suripto Suripto; Supriyanto Supriyanto
Jurnal Perspektif Bisnis Vol 4 No 2 (2021): Jurnal Perspektif Bisnis
Publisher : Jurusan Administrasi Bisnis, FISIP, Universitas Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (473.342 KB) | DOI: 10.23960/jpb.v4i2.87

Abstract

This study aims to determine the effect of financial ratios in the Early Warning System (EWS) method and the ratio of changes in tabarru funds on the health level of shariah life insurance companies in Indonesia. The independent variables of the study include the profitability ratio which is proxied by the claim expense ratio, the liquidity ratio is proxied by the asset liquidity ratio, the premium stability ratio is proxied by the self-retention ratio and the ratio of changes in tabarru funds, while the dependent variable of the study is the health level of shariah life insurance as measured by solvency ratio or Risk Based Capital (RBC). The population in the study were 24 insurance companies and shariah life insurance based on the publication of the Financial Services Authority on February 19th 2016. Based on the purposive sampling method, 10 companies were selected as samples that met the research criteria for 5 years research period. The results of this study indicated in partially the ratio of changes tabarru funds had no significant effect on the health level of shariah life insurance. Meanwhile, profitability ratios, liquidity ratios, and premium stability ratios have a significant effect on the health level of shariah life insurance. Simultaneous, profitability ratios, liquidity ratios, premium stability ratios and the ratio of changes in tabarru funds have a significant effect on the health of shariah life insurance. ABSTRAK Penelitian.ini bertujuan untuk mengetahui pengaruh rasio keuangan dalam metode Early Warning System (EWS) dan rasio perubahaan dana tabarru terhadap tingkat kesehatan asuransi jiwa syariah di Indonesia. Variabel independen penelitian meliputi rasio profitabilitas dengan proksi rasio beban klaim, rasio likuiditas dengan proksi rasio likuiditas aset, rasio stabilitas premi dengan proksi rasio retensi diri dan rasio perubahaan dana tabarru. Sedangkan variabel dependen penelitian adalah tingkat kesehatan asuransi jiwa syariah dengan proksi Risk Based Capital (RBC). Penelitian ini menggunakan populasi sebanyak 24 asuransi jiwa syariah berdasarkan publikasi Otoritas Jasa Keuangan (OJK) pada 19 Februari 2016. Berdasarkan metode pemilihan sampel purposive terpilih 10 asuransi jiwa syariah yang memenuhi kriteria penelitian dengan periode pengamatan selama 5 tahun. Hasil penelitian menunjukkan bahwa secara parsial rasio perubahaan dana tabarru tidak berpengaruh signifikan terhadap tingkat kesehatan asuransi jiwa syariah. Sedangkan rasio profitabilitas, rasio likuiditas, dan rasio stabilitas premi berpengaruh signifikan terhadap tingkat kesehatan asuransi jiwa syariah. Secara simultan, rasio profitabilitas, rasio likuiditas, rasio stabilitas premi dan rasio perubahan dana tabarru berpengaruh signifikan terhadap kesehatan asuransi jiwa syariah.
ANALISIS KEBIJAKAN LINDUNG NILAI PADA PERUSAHAAN SEKTOR PERTAMBANGAN TAHUN 2014-2019 Riko Ardiansyah; Suripto Suripto; Supriyanto Supriyanto
Jurnal Perspektif Bisnis Vol 5 No 2 (2022): Jurnal Perspektif Bisnis
Publisher : Jurusan Administrasi Bisnis, FISIP, Universitas Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23960/jpb.v5i2.67

Abstract

Hedging on a company aims to protect the company from foreign exchange’s exposure. The population in this study is a company mining sectors listed on Indonesian Stock Exchange period 2014-2019. Sampel selection technique is purposive sampling methods . Based on criteria that have been determined, accuired from 8 companies in the sampel. The type of data that is used annual financial report from each companies website and stock closing price from investing.com. Data were analyzed using descriptive analys and logit regression. The result of this research is Market to Book Value, Cash Flow Volatility, Financial Distress and Leverage has a nothing significant influence on hedging policy simultaneously. Partially, Market to Book Value has a nothing significant influence on hedging policy. Cash Flow Volatility has a nothing significant influence on hedging policy. Financial Distress has a nothing significant influence on hedging policy. Leverage has a nothing significant influence on hedging policy. ABSTRAK Lindung nilai pada suatu perusahaan bertujuan untuk melindungi perusahaan dari adanya eksposur valuta asing. Populasi dari penelitian ini adalah perusahaan pertambangan yang terdaftar di Bursa Efek Indonesia pada periode 2014-2019. Teknik pengambilan sampel yaitu dengan metode purposive sampling. Berdasarkan kriteria-kriteria yang telah ditentukan diperoleh sebanyak 8 perusahaan sebagai sampel. Jenis data yang digunakan yaitu laporan keuangan tahunan perusahaan diperoleh dari situs web perusahaan masing-masing dan data harga saham penutupan yeng diperoleh dari investing.com.Teknik analisis data menggunakan analisis deskriptif dan regresi logistik. Hasil dari penelitian ini menunjukkan rasio Market to Book Value, Cash Flow Volatility, Financial Distress dan Leverage secara simultan berpengaruh signifikan terhadap kebijakan lindung nilai. Secara parsial Market to Book Value tidak berpengaruh signifikan terhadap kebijakan lindung nilai. Cash Flow Volatility tidak berpengaruh signifikan terhadap kebijakan lindung nilai. Financial Distress berpengaruh signifikan terhadap kebijakan lindung nilai. Leverage berpengaruh signifikan terhadap kebijakan lindung nilai.
PENGARUH NON PERFORMING LOAN, OPERATING LEVERAGE, DAN FINANCIAL LEVERAGE TERHADAP KINERJA KEUANGAN PERUSAHAAN SEKTOR PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2016-2020 Ribka Rumiris Sihaloho; Suripto Suripto; Mediya Destalia
Jurnal Perspektif Bisnis Vol 5 No 2 (2022): Jurnal Perspektif Bisnis
Publisher : Jurusan Administrasi Bisnis, FISIP, Universitas Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23960/jpb.v5i2.103

Abstract

This study aims to analysis whether or not there is an effect of non performing loans, operating leverage, and financial leverage on the financial performance of companies in the banking sector. This sampling technique in this study was using the purposive sampling method and obtained as many as 7 banking sector companies listed on the Indonesian Stock Exchange during 2016 to 2020. This study uses multiple regression analysis techniques panel data model with analysis tools using Eviews 11. The results of this study indicate that non performing loans have a positive and significant effect on the company’s financial performance, operating leverage has a positive and significant effect on the company’s financial performance, and financial leverage has a negative and insignificant effect on the company’s financial performance. ABSTRAK Penelitian ini bertujuan untuk menganalisis ada atau tidaknya pengaruh dari non performing loan, operating leverage, dan financial leverage terhadap kinerja keuangan perusahaan sektor perbankan. Teknik pengambilan sampel dalam penelitian ini yaitu menggunakan metode sampling purposive dan diperoleh sebanyak 7 perusahaan sektor perbankan yang terdaftar di Bursa Efek Indonesia selama tahun 2016 hingga 2020. Penelitian ini menggunakan teknik analisis regresi berganda model panel data dengan alat analisis menggunakan Eviews 11. Hasil dari penelitian ini menunjukkan bahwa non performing loan berpengaruh positif dan signifikan terhadap kinerja keuangan perusahaan, operating leverage berpengaruh positif dan signifikan terhadap kinerja keuangan perusahaan, dan financial leverage berpengaruh negatif dan tidak signifikan terhadap kinerja keuangan perusahaan.