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PENGARUH PERTUMBUHAN PERUSAHAAN, LIKUIDITAS, DAN MATURITY TERHADAP PERINGKAT OBLIGASI PERUSAHAAN DI BURSA EFEK INDONESIA Ni Kadek Sirma Nila Sucipta; Henny Rahyuda
E-Jurnal Manajemen Vol 4 No 3 (2015)
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (337.094 KB)

Abstract

The purpose of this study was to determine the effect of companies growth, companies liquidity and bond maturity towards the bond rating from PT. PEFINDO in Indonesia Stock Exchange (IDX) 2009-2012. This study used a non-participant  observation method by analyzing financial statements and corporate bond data which published on the official website of the Stock Exchange (www.idx.co.id). The sample was 15 companies which are taken by purposive sampling method. The data analysis technique used is logistic regression. The results of this study indicate that companies growth, companies liquidity and bond maturity partially positive and significant impact on the ratings of bonds issued by PT. PEFINDO on the Indonesia Stock Exchange        2009-2012.
PENGARUH PROFITABILITAS, LIKUIDITAS DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN SEKTOR INDUSTRI BARANG KONSUMSI DI BEI Kadek Yuliana Dewi; Henny Rahyuda
E-Jurnal Manajemen Vol 9 No 4 (2020)
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (346.055 KB) | DOI: 10.24843/EJMUNUD.2020.v09.i04.p02

Abstract

Tujuan dari penelitian ini adalah untuk mengetahui signifikansi pengaruh profitabilitas, likuiditas dan kebijakan dividen terhadap nilai perusahaan. Penelitian ini dilakukan pada perusahaan sektor industri barang konsumsi di Bursa Efek Indonesia (BEI) periode 2016-2018. Jumlah sampel pada penelitian ini adalah 17 perusahaan dengan metode purposive sampling. Pengumpulan data dilakukan dengan metode observasi non partisipan yaitu melalui data laporan keuangan yang dipublikasikan pada website resmi BEI yaitu www.idx.co.id. Hasil analisis diperoleh bahwa profitabilitas berpengaruh positif signifikan terhadap nilai perusahaan. Likuiditas dan kebijakan dividen berengaruh negatif tidak signifikan terhadap nilai perusahaan. Hal ini berarti profitabilitas merupakan faktor utama yang paling mempengaruhi nilai perusahaan dan diperhatikan oleh investor untuk berinvestasi. Kata Kunci: nilai perusahaan, profitabilitas, likuiditas, kebijakan dividen
PERBANDINGAN KINERJA REKSA DANA SAHAM DENGAN METODE SHARPE, TREYNOR, DAN JENSEN Ni Putu Ayu Darmayanti; Ni Putu Santi Suryantini; Henny Rahyuda; Sayu Ketut Sutrisna Dewi
Jurnal Riset Ekonomi dan Bisnis Vol 11, No 2 (2018): Agustus 2018
Publisher : Universitas Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (483.811 KB) | DOI: 10.26623/jreb.v11i2.1079

Abstract

Reksa dana saham merupakan reksa dana yang menawarkan keuntungan yang tinggi namun juga memiliki risiko yang tinggi karena dipengaruhi oleh fluktuasi yakni penurunan harga saham yang dipengaruhi mekanisme pasar di bursa efek. Oleh karena itu para calon investor harus memiliki pengetahuan dalam memilih reksa dana mana yang akan dipilih. Dalam penelitian ini ingin membandingkan antara metode pengukuran kinerja Treynor, Sharpe, dan Jensen. Tujuan dari penelitian ini adalah untuk mengetahui ranking kinerja reksa dana saham yang dihasilkan menggunakan  ketiga metode tersebut, membandingkan kinerja reksa dana saham dengan suatu standar pengukuran (benchmark) yaitu kinerja IHSG, dan kemudian untuk mengetahui ada atau tidaknya perbedaan ranking yang dihasilkan oleh ketiga metode tersebut. Berdasarkan hasil penilaian kinerja dengan metode Sharpe, jika dibandingkan dengan IHSG sebagai benchmark, sebanyak 17 (18,5 persen)  reksa dana memiliki kinerja yang outperform atau kinerjanya di atas kinerja portofolio pasar. Sisanya sebanyak 75 reksa dana ditemukan underperform atau kinerjanya di bawah portofolio pasar. Hasil penilaian kinerja dengan metode Treynor dan Jensen, sebanyak 33 (35,87 persen) reksa dana memiliki kinerja yang outperform atau kinerjanya di atas kinerja portofolio pasar. Sisanya sebanyak 59 reksa dana ditemukan underperform. Reksa dana yang outperform dapat dipertimbangkan oleh investor sebagai alternatif investasi. Dari hasil pengujian statistik mengenai perbedaan ranking kinerja reksa dana dengan menggunakan metode Sharpe, Treynor, dan Jensen, dapat disimpulkan bahwa ketiga metode penilaian kinerja tidak menghasilkan ranking kinerja yang berbeda-beda secara signifikan Equity funds are mutual funds that offer high profits but also have a high risk because they are influenced by fluctuations in the decline in stock prices which are influenced by market mechanisms on the stock exchange. Therefore, potential investors must have knowledge in choosing which mutual fund to choose. In this study wanted to compare the performance measurement methods of Treynor, Sharpe, and Jensen. The purpose of this study was to determine the ranking performance of equity funds generated using these three methods, compare the performance of equity funds with a benchmark standard, namely the JCI performance, and then to find out whether or not there are ranking differences generated by these three methods. . Based on the results of the performance evaluation with the Sharpe method, when compared with the JCI as a benchmark, as many as 17 (18.5 percent) mutual funds have outperformed performance or performance above the market portfolio performance. The results of the performance appraisal with the Treynor and Jensen methods, as many as 33 (35.87 percent) mutual funds have outperformed performance or performance above the market portfolio performance. Mutual funds that are outperformed can be considered by investors as an alternative investment. From the results of statistical tests regarding differences in the ranking of mutual fund performance using the Sharpe, Treynor, and Jensen methods, it can be concluded that the three methods of performance appraisal do not produce performance ratings that differ significantly.
Pengembangan Model Promosi Media Sosial Untuk Peningkatan Penjualan Usaha Mikro “Nasi Jinggo” di Kota Denpasar Ni Nyoman Kerti Yasa; I Gusti Ayu Ketut Giantari; Henny Rahyuda; Ni Wayan Ekawati; Putu Dyah Krismawintari
JPM: Jurnal Pengabdian Masyarakat Vol. 2 No. 2 (2021): November 2021
Publisher : Forum Kerjasama Pendidikan Tinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/jpm.v2i2.278

Abstract

The COVID-19 pandemic has had a negative impact on many businesses, including the “Nasi Jinggo” micro business in Denpasar City, especially the Nasi Jinggo angkringan located on Jalan Gajah Mada, Denpasar. The amount of sales that can be achieved, the operating profit that can be earned, and the number of customers that can be served have decreased. Therefore, it is necessary to consider alternatives that can be employed to address existing issues. One approach to do this is to create a promotional model that integrates several relevant social media platforms. The purpose of this community service is to develop Nasi Jinggo's entrepreneurs' abilities to promote social media and create social media promotion media such WhatsApp, Instagram, and Facebook to communicate their products. This service includes training on the importance of social media promotion and also guidance or consultation on how to make social media promotions through WhatsApp. This project takes place on Jalan Gajah Mada, Denpasar City, which is a member of the micro business group or Angkringan Nasi Jinggo. After the activity was carried out, the Nasi Jinggo micro business owner who had agreed to use the business name "Nasi Jinggo Bu Kojek" was able to promote using social media in several available platform options such as Instagram, Facebook, Whatshapp. Sales performance may improve as a result of the development of this social media campaign, and the Nasi Jinggo angkringan "Bu Kojek" brand is strengthened. It is hoped that in the future this community service activity can be sustainable by offering other social media platforms
Corporate Governance Toward Sustainability Disclosure: Recent Development and Future Research Agenda Luh Gede Krisna Dewi; Ni Luh Putu Wiagustini; Henny Rahyuda; I Putu Sudana
Jurnal Ilmiah Akuntansi dan Bisnis Vol 17 No 2 (2022)
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Udayana bekerjasama dengan Ikatan Sarjana Ekonomi Cabang Bali

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24843/JIAB.2022.v17.i02.p05

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The concept of sustainability is important in global business practices. Companies should manage business practices that are in line with the achievement of the SDGs agenda. This study aims to review previous research and fill gaps using a literature review approach. It critically reviews the theoretical perspectives and issues based on the relationship between corporate governance mechanisms and the level of corporate sustainability disclosure. This study adopts a systematic literature review approach with bibliometric analysis methods and content analysis using 44 articles from the Scopus database. The results of this study describe three clusters in the latest research developments. The first cluster is with regard to corporate social responsibility, the second is board composition; and the third is practical implications. Another finding is female director and independent director variables appear to be predictors of the sustainability report disclosure. The implication of the research is to provide comprehensive future research agenda. Keywords: corporate governance, sustainability disclosure, board composition, bibliometric analysis
PENGARUH MODAL INTELEKTUAL DAN LEVERAGE TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL MEDIASI Rama Adi Kusuma; Henny Rahyuda
E-Jurnal Manajemen Vol 11 No 7 (2022)
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24843/EJMUNUD.2022.v11.i07.p07

Abstract

Tujuan dari penelitian ini yaitu untuk menguji pengaruh modal intelektual dan profitabilitas terhadap nilai perusahaan yang dimediasi oleh profitabilitas. Penelitian ini dilakukan pada perusahaan subsektor food and baverages di BEI periode 2018-2020 Jumlah sampel yang digunakan dalam penelitian ini yaitu 17 perusahaan dan metode pengambilan sampel dalam penelitian ini yaitu menggunakan purposive sampling. Teknik analisis yang digunakan pada penelitian ini yaitu dengan analisis jalur (Parth Analysis) dengan bantuan software SPSS. Hasil penelitian ini menunjukan bahwa modal intelektual berpengaruh negatif terhadap nilai perusahaan, leverage tidak berpengaruh terhadap nilai perusahaan dan profitabilitas, modal intelektual berpengaruh positif terhadap profitabilitas, profitabilitas berpengaruh positif terhadap nilai perusahaan, profitabilitas mampu berperan sebagai mediasi pengaruh modal intelektual terhadap nilai perusahaan sedangkan profitabilitas tidak mampu memediasi pengaruh leverage terhadap nilai perusahaan. Kata Kunci : Nilai Perusahaan, Modal Intelektual, Leverage, Profitabilitas
Competitive Advantage and Intellectual Capital as Mediators of the Influence of Corporate Governance on Firm Value Gede Putu Agus Jana Susila; I. B. Anom Purbawangsa; Henny Rahyuda; Luh Gede Sri Artini
Jurnal Ilmiah Akuntansi Vol 8 No 1 (2023)
Publisher : Universitas Pendidikan Ganesha

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23887/jia.v8i1.59442

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This study aims to test and explain the relationships between corporate governance, firm values, competitive advantage, and intellectual capital. This research is explanatory research using quantitative research designs conducted on companies participating in the Asean Corporate Governance Scorecard assessment from six countries, namely Indonesia, Malaysia, Thailand, Singapore, the Philippines and Vietnam during 2019 to 2021. The total population in this study was 135 companies based on ASEAN asset classes per Country, 2019, namely: 10 companies for Indonesia, 37 companies for Malaysia, 19 companies for the Philippines, 26 companies for Singapore, 42 companies for Thailand, 1 company for Vietnam. ASEAN asset class award recipients consist of diverse companies from the financial, industrial, goods and services, consumer, property, energy, telecommunications and media sectors. The results show that (1) corporate governance have a negative effect on the company's firm value, (2) corporate governance have a positive effect on competitive advantage, (3) corporate governance have a positive influence on intellectual capital, (4) intellectual capital have a positive effect on firm value, (5) intellectual capital has a positive influence on competitive advantage, and (6) competitive advantage v has a positive effect on firm value.
Intellectual capital research opportunities on the sustainable growth of the MSME Industry in Indonesia Ekayani, Ni Nengah Seri; Purbawangsa, Ida Bagus Anom; Artini, Luh Gede Sri; Rahyuda, Henny
Jurnal Ekonomi dan Bisnis Jagaditha Vol. 11 No. 1 (2024): Jurnal Ekonomi dan Bisnis Jagaditha
Publisher : Universitas Warmadewa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22225/jj.11.1.2024.1-9

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The purpose of this paper is to briefly review the literature on intellectual capital and sustainability growth in manufacturing companies, service companies or other industries and propose research opportunities related to the role of intellectual capital in influencing sustainable growth in the Micro, Small and Medium Enterprises (MSME) industry. Two steps are involved in developing a research proposition. First, identify the characteristics of the contingent faced by each type of business. Second, match the characteristics of the contingent for each type of company with the appropriate intellectual capital based on the results of previous research. The contingent characteristics of the type of MSME business can be identified as innovation, management knowledge, competence, competitive advantage, and technological ability to be able to demonstrate sustainable growth of a business. These variables can be used and combined to improve managerial performance as the basis for sustainable growth of a business. From the various problems experienced by MSMEs, it is deemed necessary to raise the issue of the influence of intellectual capital on sustainability growth with a combination of these variables.
The Effect of Macroeconomic Indicators on Profitability and Firm Value Made Reina Candradewi; Rahyuda, Henny
Ekuitas: Jurnal Pendidikan Ekonomi Vol. 11 No. 2 (2023)
Publisher : Fakultas Ekonomi Universitas Pendidikan Ganesha

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23887/ekuitas.v11i2.68672

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The objective of this study encompasses an examination of the influence of inflation, gross domestic product, and profitability on the valuation of companies within the Indonesian stock market, with specific emphasis on corporations listed in the LQ45 index on the Indonesia Stock Exchange (IDX). The LQ45 index as it offers a focused and comprehensive view of the Indonesian stock market, allowing them to draw meaningful conclusions about the impact of inflation, GDP, profitability, and other factors on the valuation and performance of these selected companies. The primary aim of this research is to provide valuable insights to corporations regarding the significance of maintaining profitability and firm value while taking into consideration macroeconomic indicators. The research methodology employed in this investigation is of a quantitative nature. The study encompasses the entirety of companies listed within the LQ45 Index on the IDX as the designated population. The technique employed for sample selection is purposive sampling. The selected sample comprises companies that have consistently maintained their listing in the LQ45 Index on the IDX from 2016 to 2022, totaling 31 companies. The outcomes of the goodness-of-fit examination and the robustness assessment of the model utilized within this study unequivocally affirm the model's exceptional effectiveness in aligning with the available dataset. The analysis of the results of the regression analysis and the mediation assessments leads to the definitive conclusion that the Gross Domestic Product variable exerts a remarkably positive and statistically significant influence on Firm Value. Likewise, the Profitability variable significantly and positively impacts firm value. However, it is imperative to acknowledge that profitability does not function as a mediating factor in the relationship between Inflation and Gross Domestic Product in the context of firm value.
DETERMINANTS OF BUDGET ABSORPTION IN REGIONAL APPARATUS THROUGHOUT EAST NUSA TENGGARA Ngongo, Ardini Hartarti; Rahyuda, Henny
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 12 (2024): December
Publisher : Adisam Publisher

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Abstract

Budget absorption targets that are not properly absorbed will trigger idle funds and eliminate the benefits of spending, so attention is needed from each regional apparatus. This research aims to determine the determinants of budget absorption in regional apparatus throughout East Nusa Tenggara. The samples in this research are financial management officials who are directly related to budget planning, budget implementation and budget absorption, namely: Budget Users (PA), Technical Implementing Officials (PPTK), and Expenditure Treasurer. The sample selection technique was purposive sampling, totaling 207 respondents. This research uses a quantitative approach, with primary data in the form of a questionnaire in the form of a Google Form platform. The analytical method used in this research is Structural Equation Modeling Partial Least Square (SEM) using the Partial Least Square (PLS) approach using SmartPLS 4.0 software. The research results show that budget planning, budget implementation, procurement of goods and services, and management commitment have a positive effect on budget absorption. While human resource competency has a negative effect on budget absorption. The results of the respondents' descriptions found that the most prominent budget absorption problem in Regional Devices throughout East Nusa Tenggara was the placement of financial management officials who did not match their competencies. Although the competencies they have are high, the placement of financial management officials who do not match their competencies has an impact on low communication skills so that there is no effective coordination between fields, which has an impact on low budget absorption.
Co-Authors A.A. Ngurah Bagus Aditya Permana Ade Kusuma Dewi Adnyani, I G. A Dewi Agus Ari Widana Anak Agung Ayu Puteri Prameswari Armen Armen Ayu Mirah Astari Putri Ayu Trisna Dewi BARRETO, Vital Nascimento Cok Istri Diah Novitayanti Cokorda Istri Indah Puspitadewi Dewa Putu Wisnu Pramana Putra Dewi, Luh Gede Krisna Dewi, Sayu Ketut Sutrisna Eka Puji Lestari Fahrizal Fahrizal Gde Agung Satria Gede Putu Agus Jana Susila Giantari, I G. A. K. Gita Syeba Lubis I G. A Dewi Adnyani I G. A. K. Giantari I G. A. Ngr Jaya Widagda I Gde Kajeng Baskara I Gst. Ngr. Jaya Agung Widagda I Gusti Agus Andiyasa I Gusti Ayu Ketut Giantari I Gusti Bagus Wiksuana I Gusti Bagus Wiksuana I Kadek Dwik Darmawan I Kadek Gita Permana I Ketut Adi Mahaputra I Ketut Budiasa I Nyoman Sidhi Adiyadnya I Putu Gde Sukaatmadja I Putu Sudana I Wayan Adi Suarjaya1 I. B. Anom Purbawangsa I.G.A Ketut Giantari, I.G.A Ketut Ica Rika Candraningrat Ida Ayu Anggawulan Saraswathi Ida Bagus Anom Purbawangsa Ida Bagus Ketut Surya John Santo Kadek Ary Asta Pramita Sari Kadek Yuliana Dewi Ketut Sutrisna Dewi, Sayu Krismawintari, N.P.D. Kustina, Ketut Tanti Luh Gede Sri Artini Luh Gede Sri Artini Made Reina Candradewi Maharani, Ida Ayu Dinda Priyanka Ngongo, Ardini Hartarti Ni Kadek Ema Yunita Ni Kadek Sirma Nila Sucipta Ni Ketut Diah Supriyanthi Ni Luh Putu Dewi Sunari Setyarini Ni Luh Putu Wiagustini Ni Luh Putu Wiagustini Ni Made Deni Indiyanti Ni Made Dwiyana Rasuma Putri Ni Made Suastini Ni Made W Pradnyaparamita Ni Nengah Seri Ekayani Ni Nyoman Kerti Yasa Ni Putu Ayu Darmayanti Ni Putu Mirah Darmayanti Ni Putu Santi Suryantini Ni Putu Tresna Widiastuti Ni Wayan Ekawati Ni Wayan Ekawati Ni Wayan Eva Santhi Rahayu Ni Wayan Karina Pereira, José Agostinho da Costa Belo Putu Ayu Govika Krisna Dewi Putu Cahya Baskara Putu Gde Sukaatmadja Putu Laksmita Dewi Rahmayanti Rahmayanti , Putu Laksmita Dewi Rama Adi Kusuma Satria, Gde Agung Sayu Ketut Sutrisna Dewi Selaras Christiani Ginting Shinta Febriyanti Sindu, Karlina Mechtildis Suputra, Gusti Alit Vitriyanti, Made Aprilia Wiagustini, Ni Luh Widagda, I Gst. Ngr. Jaya Agung