Prasetiono Prasetiono
Program Studi Manajemen Fakultas Ekonomika Dan Bisnis Universitas Diponegoro

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ANALISIS PENGARUH FIRM SIZE, BOOK TO MARKET RATIO, PRICE EARNING RATIO, DAN MOMENTUM TERHADAP RETURN PORTOFOLIO SAHAM Darusman, Dery; Prasetiono, Prasetiono
Diponegoro Journal of Management Volume 1, Nomor 4, Tahun 2012
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

This research aims at studying the fundamental variables that can be used as predictors short return on investment. Object of research used in this study is the company incorporated in LQ 45 during the 2009-2011 study periode. The variables studied are Firm Size, Book to Market Ratio, Price Earning Ratio and Momentum. Analytical techniques used in this study is the multiple linear regression. This research was conducted with quantitative methods to the financial statements of listed companies in LQ 45 during the period 2009-2011. The total study sample was 27 companies that are consistently listed in 7 (seven) in the period of observation in LQ 45 index and 27 companies are determined through purposive sampling method. Method of hypothesis testing using different test t-test and multiple linear regression. The results showed Firm Size has no significant positive effect on portfolio stock returns. Book to Market Ratio has no significant positive effect on portfolio stock returns. Price Earning Ratio has no significant negative impact on the company's portfolio stock return. Momentum occurred at week 2, 4, and 8 after the formation of stock prices. This could indicate that investors tend to speculative trading in shares on the Indonesia Stock Exchange.
ANALISIS PENGARUH CORPORATE GOVERNANCE TERHADAP KINERJA KEUANGAN PERUSAHAAN DENGAN VARIABEL KONTROL UKURAN PERUSAHAAN DAN GROWTH OPPORTUNITY (Studi Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia (BEI) Tahun 2009-2013) Sinaga, Nobert Steven; Prasetiono, Prasetiono
Diponegoro Journal of Management Volume 3, Nomor 4, Tahun 2014
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

This study aims to determine the effects of corporate governance mechanism on the financial performance of manufacturing companies with control variables firm size and growth opportunity.Financial performance is proxied by Cash Flow Return On Assets (CFROA) as a measure of financial performance based on the company's operations.The sample in this study were manufacturing companies listed in Indonesian Stock Exchange (IDX) in the periode 2009-2013. The number of sample used were 20 companies listed were taken by purposive sampling. The method of analysis of this research used multiple liniear regression.The result of this research showed thatboard of directors had positive and significat influence to CFROA; board of commissioners and firm size had positive and not significant influence to CFROA; institutional ownership had negative and significant influence to CFROA; meanwhile managerial ownership and Growth Opportunity had negative and not significant influence to CFROA.
ANALISIS PENGARUH ROE, FIRM SIZE, CURRENT RATIO DAN DER TERHADAP RETURN DEFENSIVE STOCKS (Studi Kasus pada Perusahaan Manufaktur yang Terdaftar di BEI Periode Tahun 2011-2015) Sakina, Ida; Prasetiono, Prasetiono
Diponegoro Journal of Management Volume 6, Nomor 3, Tahun 2017
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

The aim of infestation is to look for profit in the future. Defensive stocks are low beta stocks (under 1) which can be made by the investor as an infestation strategy alternative in avoiding risk. This infestation strategy could give profits because the risk itself tend to low (beta under 1) that could give optimal return. This research is done to analyze ROE, firm size, current ratio and DER to return defensive stocks. The secondary data of this research is obtained from defensive manufacture company in period 2011 – 2015. The analytical method that is used in this research is multiple linear regression model by testing classical assumptionn, F statistic test, hypothesis test by using t statistic test  and coefficient of determination test (R2). The result of this research explains that ROE variable, firm size and current ratio have significant positive impacts to return defensive stocks. The variables in this research have R2 in amount of 24.6% up to 75.4% return defensive stocks that is described by another factor from this research.
ANALISIS PENGARUH RASIO PROFITABILITAS, LIKUIDITAS, DAN LEVERAGE TERHADAP RETURN SAHAM DENGAN NILAI PERUSAHAAN SEBAGAI VARIABEL INTERVENING Dwikirana, Sekar Aditya; Prasetiono, Prasetiono
Diponegoro Journal of Management Volume 5, Nomor 3, Tahun 2016
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

The purpose of this study is to know the influence of profitability, liquidity, and leverage toward stock return using firm value as intervening variable in manufactured firms registered in Indonesia Stock Exchange in period 2010-2014.Variable used in this study are profitability (ROE), liquidity (CR), and leverage (DER) as an independent variable, Stock Return as a dependent variable, and firm value (PBV) as an intervening variable. The research populations are companies that include in the manufactured firms listed in Indonesia Stock Exchange period 2010-2014 . There are 89 sample manufactured firms by using purposive sampling method. Path analysis used to be analysis technique using program SPSS 16 for windows to determine the effect of mediation. The result of this study show that ROE has positive significant influence on PBV, CR has positive influence on PBV but not significant. ROE and PBV has positive significant influence on Stock Return, CR and DER has negative influence on Stock Return but not significant . The result of sobel test show that firm value (PBV) may mediate the relation between ROE toward Stock Return.
FAKTOR PENENTU PERUSAHAAN MELAKUKAN PENGAMBILAN KEPUTUSAN HEDGING PADA DERIVATIF VALUTA ASING (Studi Kasus pada Perusahaan Manufaktur yang Terdaftar di BEI Periode 2011-2014) Hidayah, Na’imatul Hidayah; Prasetiono, Prasetiono
Diponegoro Journal of Management Volume 5, Nomor 3, Tahun 2016
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

Import export activities requires companies to use foreign currency to make a sale and purchase of products, this causes the company likely to suffer risk of loss foreign currency exchange rates, to reduce the risk of losses incurred, the company needs hedging by using derivative instruments. This study’s purpose is to analyze the influence of Debt to Equity Ratio, Interest Coverage Ratio, Growth Opportunity, Firm Size, Current Ratio, Foreign Liability, Managerial Ownership, and Institutional Ownership on Hedging decision.The population in this research is manufacturing companies listed on Indonesia Stock Exchange 2011-2014 period. The number of sample are 82 companies by using purposive sampling method with the provision of the company that publishes full financial statements.this research used logistic regressions analysis technique, to determine the variables affect the probability of the use of derivative instruments as hedging activity decision. The variabels used in this study are the Debt to Equity Ratio, Interest Coverage Ratio, Growth Opportunity, Firm Size, Current Ratio, Foreign Liability, Managerial Ownership, and Institutional Ownership.The results logistic regression analysis showed that of the eight variables used in this study, the variable Debt to Equity Ratio, Interest Coverage Ratio, Growth Opportunity, Firm Size, Current Ratio and Institutional Ownership significantly influence the decision Hedging, while the variable Foreign Liability and Managerial Ownership not significant effect on Hedging decision. The ability of the variable Debt to Equity Ratio, Interest Coverage Ratio, Growth Opportunity, Firm Size, Current Ratio, Foreign Liability, Managerial Ownership, and Institutional Ownership in explaining the probability of the use of hedging derivatives at 32% and the rest is explained by other variables outside the model.
ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI TINGKAT CASH HOLDING PADA BANK UMUM YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2011-2015 Silaen, Reni; Prasetiono, Prasetiono
Diponegoro Journal of Management Volume 6, Nomor 3, Tahun 2017
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

This research aims to analyze the influence of  creditor’s payment period (CPP), debtor’s collection period (DCP), leverage (LEV), profitability (ROE), size (SIZE) and bank age(AGE) on cash holding in commercial banks listed on the Indonesian Stock Exchange.The population of this research is commercial banks listed on the Indonesian Stock Exchange period  2011-2015.  The types  of  data  used  are secondary  data  and  sample determination used the method of purpose sampling. The analytical tool used is panel data regression.The result shows that creditor’s payment period, debtor’s collection period and bank size has a significant effect on cash holdings, but leverage, profitability, and bank age does not has significant effect on cash holding.
PENGARUH AVERAGE COLLECTION PERIOD, AVERAGE PAYMENT PERIOD, TURNOVER IN DAYS, SALES GROWTH DAN DEBT RATIO TERHADAP PROFITABILITAS PERUSAHAAN Harapan, Anthonius; Prasetiono, Prasetiono
Diponegoro Journal of Management Volume 5, Nomor 3, Tahun 2016
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

This purpose of this research is to analyze the influence of average collection period, average payment period, average inventory turnover in days, sales growth and the debt ratio on profitability in companies listed on the Indonesian Stock Exchange. The population in this research are all manufacturing companies listed in Indonesia Stock Exchange period 2010-2014. The research sample consisted of 116 companies per year listed in the Indonesia Stock Exchange so that the total observation data for 5 years are 580 data. The data used in this research is secondary data and sample selection using purposive sampling method. The analysis model used is multiple linear regression analysis. Using the F-test to determine the effect of simultaneous between company characteristics and profitability. Using t-test to examine the partial correlation of each independent variable on profitability. Based on the results of the analysis showed that the variables average collection period, average paymen period, average inventory turnover in days and the debt ratio has a significant effect on profitability, while sales growth has no significant effect on profitability.
PENGARUH CAR, FDR, NPF, DAN BOPO TERHADAP PROFITABILITAS (RETURN ON EQUITY) (Studi Empiris pada Bank Umum Syariah di Indonesia Periode Tahun 2009-2013) Aulia, Farrashita; Prasetiono, Prasetiono
Diponegoro Journal of Management Volume 5, Nomor 1, Tahun 2016
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

The objectives of this research is to analyze the influence of Capital Adequacy Ratio (CAR), Financing to Deposit Ratio (FDR), Non Performing Financing (NPF), and Operational Efficiency Ratio (BOPO) to Return On Equity (ROE) as a proxy of Islamic’s Bank profitability in Indonesia during 2009-2013 periods. Sample population of this research are ten Islamic’s Banks selected using purposive sampling technique. The analysis technique is using multiple regression. This research uses secondary data from The Islamic Bank’s annual published financial reports during 2009-2013 periods. Meanwhile, the classical assumptions test used in this study are autocorrelation, normality, multicollinearity, and heteroscedasticity. The result of this research shows that CAR and BOPO had a negative and significantly influence on ROE. FDR had a negative influence on ROE, but it doesn’t significantly influence ROE. meanwhile, NPF has a positive and significant influence on ROE.
EFISIENSI TEKNIS DAN EFISIENSI PROFITABILITAS PERBANKAN SEBELUM DAN SETELAH KRISIS EKONOMI 2008 DENGAN MENGGUNAKAN METODE NON PARAMETRIK DATA ENVELOPMENT ANALYSIS (Studi pada Perbankan yang Terdaftar di BEI tahun 2006-2010) Elvira, Finta; Prasetiono, Prasetiono
Diponegoro Journal of Management Volume 1, Nomor 4, Tahun 2012
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

Economic crisis in 2008 affected the entire world, including Indonesia. This crisis indirectly led to the decrease of profit and non-profit income and income before tax which are output variables of efficiency of the bank. The crisis also affected the availability of funds to the community, which in the end affects the cost of capital as the input variable of profitability efficiency. This study measures the technical and profitability efficiency of the banks which are listed on Indonesia Stock Exchange (IDX) over 2006-2010 before and after the 2008 economic crisis. This study used DEA (Data Envelopment Analysis) methods and ANOVA test. The results of hypothesis test with ANOVA test showed no difference in technical efficiency and profitability efficiency before and after the 2008 economic crisis. The result can give some suggestion to company or bank management regarding risk anticipation while crisis, Bank Indonesia regarding evaluation and application of policy on Bank industry, bank depositors, and inestors or shareholders of bank regarding information about bank performance while crisis.
ANALISIS PENGARUH PENGHIMPUNAN DANA DAN PEMBIAYAAN TERHADAP FALAH LABA (Studi pada Bank Umum Syariah di Indonesia Periode 2009-2013) Sany, Ibrahim; Prasetiono, Prasetiono
Diponegoro Journal of Management Volume 3, Nomor 4, Tahun 2014
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

Bank as intermediary financial in conducting its business activities are classified into two categories, namely conventional banks and banks with Islamic principles. As an investment manager, Islamic banks do fund raising with the principles of customer wadi'ah and mudaraba principle. As an investor, Islamic banks channeling funds through investment activities with the principle of profit-sharing financing, principle of sell-buy, or principle of lease financing.This research investigated the relationship on the principle of profit-sharing financing, principle of sell-buy financing, principle of lease financing, principle of wadiah fund raising and principle of mudaraba fund raising to earning falah of Islamic banks. Total population in this research are registered Islamic bank in Bank Indonesia in 2009-2013, the sample can be used as many as four Islamic banks.The results of hypothesis testing the principle of profit-sharing financing had positive significant effect to earnings falah of Islamic Bank in Indonesia, the principle of sell-buy financing had positive significant effect to earnings falah of Islamic Bank in Indonesia, the principle of lease financing had negative not significant effect to earnings falah of Islamic Bank in Indonesia, the principle wadi'ah fund raising had positive significant effect to earnings falah of Islamic Bank in Indonesia, and the principle of mudaraba fund raising had positive significant effect to earnings falah of Islamic Bank in Indonesia.