Prasetiono Prasetiono
Program Studi Manajemen Fakultas Ekonomika Dan Bisnis Universitas Diponegoro

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ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI NON PERFORMING LOAN (Studi Pada Bank Umum Konvensional Go Public Di Indonesia Periode 2010-2014) Wardhana, Galih Wisnu; Prasetiono, Prasetiono
Diponegoro Journal of Management Volume 4, Nomor 4, Tahun 2015
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

Conventional commercial bank is vulnerable hit by Non Performing Loans (NPL) because credit as the main source of income comes from a conventional bank Although the bank’s management had made efforts based on the credit rating of 5C+1C but still the banks potentially exposed tho tb he credit risk The purpose of this research was to know how big the influence of variable CAR, LDR, BANK SIZE, ROA, and BOPO, against Non Performing Loan (NPL) in Conventional commercial banks go public in 2010-2014.This research was conducted with purposive sampling. The samples used were 25 conventional commercial banks go public in Indonesia. The data used in this research are the Annual Report of each bank in 2010-2014 were obtained from Bloomberg, the official website of Indonesian Stock Exchange (IDX), and the official website of Bank Indonesia.. This research uses multiple linear regression analysis as data analysis tools.Based on the test for normality, multicollinearity test, heteroskedastisitas test and autocorrelation test, there were no deviations from goodness of fit. This indicates that the available data has been qualified to use the model of multiple linear regression equation. From the analysis indicates that CAR, LDR, ROA have no significance effect on NPL, Whereas Bank Size and ROA have significant influence on the NPL. Predictive capabilityof the five variables to Non Performing Loan (NPL) of 29%, while the remaining 71% influenced by other factors not included in the research model.
ANALISIS PENGARUH CASH CONVERTION CYCLE, AVERAGE COLLECTION PERIOD, INVENTORY COLLECTION PERIOD, AVERAGE PAYMENT PERIOD DAN CURRENT RATIO TERHADAP PROFITABILIITAS (Studi Empiris Pada Sektor Industri Barang Konsumsi BEI Pada Tahun 2013-2017) Rosyid, Sholeh Fauzan; Prasetiono, Prasetiono
Diponegoro Journal of Management Volume 8, Nomor 3, Tahun 2019
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

The purpose of this study was to determine the effect of working capital management (Cash Convertion Cycle (CCC), Average Collection Period (ACP), Inventory Collection Period (ICP) Average Payment Period (APP) and Current Ratio (CR) to profitability of Go Public consumer goods company. Profitability is proxied by ROA as a measure of the size of profit that produced.The sample in this study is a sector of consumer goods company that listed on the IDX (Indonesia Stock Exchange) during the period 2013-2017. The number of samples were 35 company taken by purposive sampling method. The analytical method of this study uses multiple linear regression with the SPSS 25 program which has previously passed the classic assumption test.The results of this study indicate that Cash Convertion Cycle (CCC), Average Collection Period (ACP) and Inventory Collection Period (ICP) had negative and significant effect on ROA. Current Ratio (CR) has positive and significant effect on ROA. While the Average Payment Period (APP) has an insignificant positive effect on ROA.
Analisis Faktor-Faktor Yang Mempengaruhi Risiko Sistematis (Beta) Saham Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia (BEI) Periode 2009-2014 Aji, Rio Satriyo; Prasetiono, Prasetiono
Diponegoro Journal of Management Volume 4, Nomor 4, Tahun 2015
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

This study aims to determine the effect of Asset Growth, Firm Size, Current Ratio, Financial Leverage, and Operating Leverage on stock beta. This study used five independent variables, namely Asset Growth, Firm Size, Current Ratio, Financial Leverage, and Operating Leverage, with one dependent variable is stock beta.Sampling technique used was purposive sampling criteria (1) company have already listing before the end observation period. (2) company listed in Indonesia Stock Exchange and has the most complete financial statements and have been published during the observation period from 2009 to 2014. (3) company has the most complete of financial variabels (Asset Growth, Firm Size, Current Ratio, Financial Leverage, and Operating Leverage) which will be used to research samples in the period of 2009-2014. Data obtained by the publication of financial statements listed on the website of Indonesia Stock Exchange. The obtained sample number is 22 companies. Analysis technique used is multiple regression. Before that, 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, this research finds that Firm Size, Financial Leverage, dan Operating Leverage have positive but not significant impact on stock beta. The variable Current Ratio has a negative effect but not significant. The variable Asset Growth has a negative effect and significant on stock beta
ANALISIS PENGARUH HARGA MINYAK DUNIA, KURS RUPIAH/US$, DAN FED RATE TERHADAP INDEKS SEKTORAL PASAR SAHAM DI INDONESIA (PERIODE JANUARI 2006 – DESEMBER 2016) Pamungkas PAP, Bintang Surya; Prasetiono, Prasetiono
Diponegoro Journal of Management Volume 7, Nomor 2, Tahun 2018
Publisher : Faculty of Economics and Business Diponegoro University

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Stock is one of investment instruments that have high risk. It happens because stock is very sensitive to macroeconomics change. There are many macroeconomic variables affecting stock prices including World Oil Price, Exchange Rate and Interest Rate. The previous study of macroeconomic effect on sectorial index has shows inconsistents results. The aim of this study is to investigate the effect of macroeconomic factors toward sectorial index at Indonesian Stock Market.Generalized AutoRegressive Conditional Heteroscedasticity (GARCH) method is used in this study to test proposed hypothesis. The period of January 2006 to December 2016 is used as a research sample by taking the monthly price of each variable, so that 132 samples are obtained. World oil price, exchange rate, and interest rate are used to explain macroeconomics variabels.The result of hypothesis testing by GARCH method shows that world oil pricesignificantly have positive effect to   the index of agriculture sector, and mining sector. Then the rupiah exchange rate variables significantly have negative effect towards the nine existing sector indices. While the fed rate variable show positive effect to the index of infrastructure sector and trade sector.
ANALISIS PENGARUH RETURN ON ASSETS, SALES GROWTH, STRUCTURE ASSETS, FIRM SIZE, DAN INVESTMENT OPPORTUNITY TERHADAP FINANCIAL LEVERAGE (studi perbandingan pada perusahaan manufaktur sektor aneka industri dan barang konsumsi yang terdaftar di BEI periode 20 Pujiani, Suci; 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 was conducted to test influence of the Return on Assets, Sales Growth, Structure Assets, Firm Size, and Investment Opportunity measure of firm to financial leverage. This research was compared two sectors of the manufacturing company which had gone public in Indonesian Stock Exchange periode 2008-2011. The intake techinque was purposive sampling methode and the obtained data were 15 manufacturing companies of miscellaneous industry sector and 25 of consumer goods sector. Data analysis using are the classic assumption test, multiple linear regression analysis, T test, F test, coefficient of determination, and the last is use of different test (chow test). Result of analysis in this research indicated that in miscellaneous industry companies, retun on assets, structure assets, and investment opportunity were significant. While in consumer goods companies, retun on assets and investment opportunity were accepted. To test for equality of coefficients from miscellaneous industry and consumer goods companies, this research used the different test chow test. Result of chow test showed the value of F calculate more than F table (2.26 >1.53) and this indicated there is difference between the determination of funding decision miscellaneous Industry sector companies and consumer goods sectors.
ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI KEBIJAKAN CASH HOLDING PADA PERUSAHAAN MANUFAKTUR YANG LISTING DI BURSA EFEK INDONESIA TAHUN 2010-2014 Afif, Saleh; Prasetiono, Prasetiono
Diponegoro Journal of Management Volume 5, Nomor 4, Tahun 2016
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

This research aims to analyze and provide empirical evidence related to the effect of firm size (SIZE), leverage (LEV), cash flow (CF), net working capital (NWC), and Dividend Payment (DPR) to cash holding (CHD) manufacture companies listed on the Indonesia Stock Exchange in 2010 – 2014. This research uses secondary data collected from the Indonesian Stock Exchange (IDX). The data used in the form of financial statement data manufacture company from 2010 – 2014. Of the 144 manufacture company, acquired 83 companies sampled in this study. Data were analyzed using multiple linear regression analysis. Based on the results of hypothesis testing through the F test, indicating that the variable SIZE, LEV, CF, NWC, and DPR simultaneous effect on CHD. Then through the t test showed that the SIZE, CF, and DPR variable have significant positive effect on CHD. LEV variable have significant negative effect on CHD. NWC variable has negative but not significant effect on CHD.
ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI KEBIJAKAN HUTANG PERUSAHAAN (Studi pada Perusahaan Manufaktur yang Terdaftar di BEI Tahun 2009-2013) Novita Sari, Dita; Prasetiono, Prasetiono
Diponegoro Journal of Management Volume 4, Nomor 2, Tahun 2015
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

Funding decisions a company to fund its operations, must be in accordance with the main objectives of the company. The funding decision was able to minimize the risks and costs that the company's main goal is reached. To achieve the goal, the company must have an optimal capital structure. The many factors affecting capital structure or debt policy, the study aims to analyze the factors that influence the policy of the company's debts. The independent variable of this study consisted of liquidity (CR), sales growth (SG), company size (SIZE), profitability (ROA), institutional ownership (INST), and managerial ownership (MOWN). Meanwhile, the dependent variable is the Debt to Equity Ratio or DER.Object of this research is manufacturing companies listed in Indonesia Stock Exchange in 2009 until 2013. The sample used in this study were 8 manufacturing company. The sampling method is done by using purposive sampling. Analysis of data using multiple linear regression analysis, which is preceded by the classical assumption, consisting of normality test, multicollinearity, autocorrelation, and heteroscedasticity test. Hypothesis testing is done by using the F test and t-test.The results of this study indicate that liquidity, sales growth, firm size, profitability, institutional ownership, and managerial ownership together influence the company’s debt policy. While, in partial, liquidity (CR),  profitability (ROA), and managerial ownership (MOWN) significant negative effect on the DER. Variable institutional ownership (INST) did not significant negative effect on the DER. While, firm size (SIZE) and sales growth (SG) had no significant positive effect on the DER. The degree of determination (Adjusted R Square) is 0,457. This means that the independent variable (CR, ROA, SIZE, Sales Growth, INST, and MOWN) can explain the dependent variable (DER) by 45.7%. While, the remaining 54.3% is explained by other variables outside the model study.
ANALISIS PENGARUH WCTA, TAT, DR, ROA, SETA, SENSITIVITAS INFLASI, SENSITIVITAS KURS, DAN SENSITIVITAS SUKU BUNGA BI TERHADAP FINANCIAL DISTRESS (STUDI PADA PERUSAHAAN MANUFAKTUR 2010-2014) Sativa, Amila; Prasetiono, Prasetiono
Diponegoro Journal of Management Volume 5, Nomor 3, Tahun 2016
Publisher : Faculty of Economics and Business Diponegoro University

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The purpose of this study is to analyze the influence of Working Capital to Total Assets (WCTA), Total Assets Turnover (TAT), Debt Ratio (DR), Return On Assets (ROA), Shareholder Equity to Total Assets (SETA), Inflation Sensitivity, Exchanger Rate Sensitivity, BI Interest Rate Sensitivity toward Financial Distress on manufacturing companies listed in BEI from 2010 to 2014.             The sampling technique used in this study is purposive sampling technique using 95 manufacturing companies listed in BEI. Secondary data in this research using manufacturing companies financial reports during 2010-2014. The analysis technique is using logistic regression.            The result of this research shows that WCTA, ROA, SETA, and BI Interest Rate Sensitivity had a negative and significantly influence on financial distress. Variable TAT had a negative and no significant effect on financial distress. Variable DR and Inflation Sensitivity had positive and no significant effect on financial distress. Variable Exchange Rate had positive significant effect on financial distress..
ANALISIS PENGARUH RETURN ON EQUITY, FIRM SIZE, FREE CASH FLOW, INVESTMENT OPPORTUNITY SET, DAN DEBT RATIO TERHADAP DIVIDEND PAYOUT RATIO (Studi Empiris Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2011-2014) Hesti Secsio, Esa Nursanti Dwi; Prasetiono, Prasetiono
Diponegoro Journal of Management Volume 5, Nomor 4, Tahun 2016
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

The  values  of  Return  on  Equity,  Firm  Size,  Free  Cash  Flow,  Investment Opportunity Set, and Debt Ratio in manufacturing companies fluctuate annually during the research period. The fluctuation is the opposite of the increase on Dividend Payout Ratio during the year of 2011 to 2014. Due to the said phenomena gap, this research aims to test the effect of ROE, firm size, free cash flow, investment opportunity set, and debt ratio of dividend payout ratio of Manufacturing Companies listed on IDX during the period of 2011-2014.The sample employed  in  this  research selected  by purposive sampling  method which contains of 22 companies fitting the criteria set during the period of 2011-2014. The data is obtained based on the published annual report and financial report. The method of analysis employed is regression with least squares equation and the hypothesis is tested by using t-statistic to reveal partial regression coefficient as well as F-statistic to test the simultaneous effect with confidence level at 5%.The result reveals partial result that free cash flow affect DPR positively and significantly. ROE, firm size, and investment opportunity set affect positively but non- significantly on DPR. Meanwhile, Debt Ratio affect negatively and non-significantly on DPR. Simultaneously, ROE, firm size, free cash flow, investment opportunity set, and debt ratio affect DPR significantly. The result of regression estimation reveals the prediction competence from the 5 independent variable on DPR is at 11.9% meanwhile the other 88.1% is affected by other factors which are not included in this research.
ANALISIS PENGARUH FINANCIAL PERFORMANCE, PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY (CSR), INSIDER OWNERSHIP, FIRM SIZE, DIVIDEND POLICY DAN PROPORSI KOMISARIS INDEPENDEN TERHADAP NILAI PERUSAHAAN (Studi Kasus pada Perusahaan Manufaktur yang Listing di Bursa Efek Indonesia Periode 2010-2015) Panggabean, Deo; Prasetiono, Prasetiono
Diponegoro Journal of Management Volume 6, Nomor 4, Tahun 2017
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

This research purposes to indentify the main factors influencing firm value that proxied by Price Book Value (PBV) especially in manufacturing companies sector listed on the Indonesian Stock Exchange (IDX) during period 2010-2015.The population of this research consists of manufacturing companies listed on the IDX period 2010-2015. This research used secondary data anda used purposive sampling method in determining the sample. The total of sample in this case are 50 companies. Multiple regression is used as the analysis technique in this research.The study documents the positive significant of financial performance, firm size, dividend policy and proportion of independent commissioner on firm value. While the disclosure of corporate social responsibility and insider ownership found influental positive but insignificant to firm value.