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PENGARUH PROFITABILITAS, STRUKTUR AKTIVA, PERTUMBUHAN PENJUALAN, DAN UKURAN PERUSAHAAN TERHADAP STRUKTUR MODAL (Studi Pada Perusahaan Food and Beverage yang Terdaftar di Bursa Efek Indonesia Tahun 2010-2013) Cokorda Agung Mahadika; Kusuma Ratnawati
Jurnal Ilmiah Mahasiswa FEB Vol 3, No 2: Semester Genap 2014/2015
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

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Abstract

Tujuan penelitian ini adalah untuk mengetahui pengaruh profitabilitas, struktur aktiva, pertumbuhan penjualan ,dan ukuran perusahaan terhadap struktur modal pada perusahaan food and beverage yang terdaftar di BEI tahun 2010-2013. Sampel pada penelitian yaitu berjumlah 14 dengan menggunakan metode purposive sampling. Penelitian menggunkan data sekunder berupa data keuangan yang didapat dari BEI. Penelitian ini dilakukan dengan menggunakan regresi linier berganda. Berdasarkan hasil perhitungan regresi linier berganda, maka dapat diketahui bahwa secara simultan variabel profitabilitas, struktur aktiva, pertumbuhan penjualan, dan ukuran perusahaan berpengaruh signifikan terhadap struktur modal. Sedangkan secara parsial, hasil penelitian menunjukkan bahwa selama periode penelitian terdapat tiga variabel saja yang signifikan, yakni profitabilitas, struktur aktiva, dan pertumbuhan penjualan. Serta hasil penelitian ini juga menegaskan bahwa variabel yang perlu diperhatikan sekaligus yang mempengaruhi struktur modal paling dominan adalah profitabilitas. Berdasarkan temuan dan hasil penelitian, maka dalam penetapan struktur modalnya, perusahaan makanan dan minuman perlu untuk melihat variabel profitabilitas, struktur aktiva, dan pertumbuhan penjualan, terutama pada variabel ukuran perusahaannya.
Analisis Karakteristik Organisasi dan Gaya Manajemen serta Pengaruhnya terhadap Orientasi Kewirausahaan dan Kinerja Perusahaan (Studi pada Usaha Kecil Sandang di Jawa Timur) Sri Muljaningsih; Djumilah Zain; Kusuma Ratnawati; Made Sudarma
Jurnal Aplikasi Manajemen Vol 9, No 2 (2011)
Publisher : Jurusan Manajemen Fakultas Ekonomi dan Bisnis Universitas Brawijaya

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Abstract

Many companies have been affected by the economics crisis, including high inflation rates, large number of bankrupt companies that lead  to fire the employess dan the choice of big companies to become small indutry that incompete to improve the performance in terms of the increase in sales and profitability. Based on this fact, purpose of this research is to identify and measure (1) the influence of Organization Characteristics towards Entreprenurial Orientation, (2) the influence of Organization Characteristics towards Company's Performance, (3) the influence of Management Style towards Entreprenurial Orientation, (4) the influence of Management Style towards Company's Performance, (5) the influence of Entreprenurial Orientation towards Company's Performance. Using 169 small industries from 7 (seven) cities/regencies in East Java with 135 respondents as the samples, and Structural Equation Modelling (SEM) with support of AMOS ver. 5.0 in analysing data, we find that the organization characteristics as reflected in a good communication betwen employers dan employee and also constant monitoring to the employees work improvement increasr the sales growth and the accuracy in taking risk. However, organization characteristics can indirectly influence the company performance without high enterpreneurial orientation. On the other hand, the opportunity given to employess to be more innovative can increase their sense of belonging and comitment to increase the employees performance. Besides, high entrepreneurial orientation can intensify the competition spirit so aggressive that manager is more innovative and proactive in taking bussiness oppurtunities which affect the improvement of bussiness. The performance of small industries in East Java is not only succeeded by team work but also by leadership which can approach the employees to be more responsible to their work.Keywords : Organization Characteristics, Management Style, Entrepreneurial Orientation and Performance.
Influence of Fundamental Factors on Dividend Payout Policy: Study on Construction Companies Listed on Indonesian Stock Exchange Rico Eka Wahyu Hudiwijono; Siti Aisjah; Kusuma Ratnawati
Wacana Journal of Social and Humanity Studies Vol. 21 No. 1 (2018)
Publisher : Sekolah Pascasarjana Universitas Brawijaya

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Abstract

This study examines the fundamental factors that influence the dividend payout policy, namely leverage, liquidity, free cash flow, firm size, firm growth, business risk and profitability. Several previous research results indicate differences in research findings. This study was conducted on five construction contractor companies listed in Indonesia Stock Exchange during 2010 to 2016. Multiple regression analysis was operated through SPSS 20 program and hypoteses testing simultaneously with F-test and partially with t-test. The results show that all independent variable are important factors in dividend payout policy, and firm size is the most dominant factors affecting dividend payout policy. 
PENGARUH TOTAL QUALITY MANAGEMENT (TQM) TERHADAP KINERJA KARYAWAN DENGAN MEDIASI KEPUASAN KERJA Desy Eka Kartika Sari; Surachman Surachman; Kusuma Ratnawati
Jurnal Bisnis dan Manajemen Vol 5, No 1 (2018): Jurnal Bisnis dan Manajemen Volume 5 Nomor 1 Tahun 2018
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (281.887 KB) | DOI: 10.26905/jbm.v5i1.2313

Abstract

This study analyzes both of directly effects between implementation of Total Quality Management (TQM) on employee’s performance and indirectly effect through job satisfaction. Subjects of this study were all the employees sited on production department of PT. Setia Kawan Makmur Sejahtera Tulungagung. The sampling technique used is the simple random sampling with 152 respondents. Model analysis used is a structural model with the Partial Least Square (PLS). The result of this study reveal that the improving of TQM practices would led to increased both of employee’s job satisfaction and employee’s performance directly. Then, the higher of job satisfaction can also enhance the employee’s performance directly. The mediation test result show that job satisfaction have partial mediationg role in effect of TQM practices on employee’s performance. Moreover, the overall results implies that teamwork is the most important aspect in building a good relations among employees, so as to encourage the employee’s job satisfaction and ultimately improve the quality of employee’s performance. DOI : https://doi.org/10.26905/jbm.v5i1.2313
The Effect of Technological Complexity (KT) and Compatibility (KOM) on The Sustainability of The Green and Smart Port Concept (CTU): TAM Extended Approach Case Study at Teluk Lamong Terminal, A Subsidiary of PT Pelindo III Reka Yusmara Mardiputra; Kusuma Ratnawati; Ananda Sabil H
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.v14i2.27668

Abstract

This study examines and analyzes the relationship between the technological complexity (KT) and compatibility (KOM), to a continuance to use (CTU) of green and smart port concepts using TAM theory extended. Adding technological complexity and compatibility as an external factor into TAM in terms of perceived usefulness (PU) and perceived ease of use (PEOU) that affect continuance to use green and smart concepts. This study uses a survey method. It is distributed to owners/operational/invoicing managers of Terminal Teluk Lamong (TTL) Customers (Shipping Company, Forwarding, Trucking Company) in Surabaya, Indonesia. The sampling technique is using Slovin's formula with 304 respondents. The data analysis technique uses SEM (Structural Equation Modelling) with SMART PLS 3.0. Both KT and KOM have a significant effect on PU and PEOU. Both PU and PEOU have a significant effect on CTU, and PEOU has a significant effect on PU. This research was conducted at TTL, the only terminal in Indonesia that uses the green and smart port concept. There is no comparison with other terminals in Indonesia on the implementation of the green and smart port concept. Especially for shipping companies, respondents cannot reach owner/principal/shareholders due to Indonesian government policy that international Shipping Companies are not allowed to open branches independently. However, they have to cooperate with local companies (agents). Port Industries (TTL) can develop an appropriate marketing strategy based on this research's results. Technological complexity and compatibility have a significant effect on the continuance to use GSP. Management of TTL has to consider technology and operational systems development with a low-level complexity and according to customer's needs. This research contributes to enrichment and extending TAM theory in terms of green and smart port concept sustainability. Not only affected by PU and PEOU but technological complexity (KT) and Compatibility (KOM) factors are important.
Implication of Digital Economy and Financial Technology Towards Performance of Financial Services Sector in Indonesia Kusuma Ratnawati; Christin Susilowati
MIX: JURNAL ILMIAH MANAJEMEN Vol 12, No 1 (2022): MIX: Jurnal Ilmiah Manajemen
Publisher : Universitas Mercu Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22441/jurnal_mix.2022.v12i1.011

Abstract

Objectives: This study aims to understand the relationship between financial technology, digital economy, and performance of the financial services sector; as well as to find out the role of digital economy as a mediator in the relationship between financial technology and performance of the financial services sector.Methodology: This study uses a quantitative explanatory approach. The population of this study is financial services sector companies in Indonesia, which is determined using purposive sampling as a method of sampling design. The data used in this study is a secondary data with the research period from 2015-2019 and a total number of 50 data. The data analysis used in this study is path analysis.Finding: The mediating role of the digital economy that influences the relationship between financial technology and the performance of the financial services sector. The influence of financial technology in driving the growth of the digital economy creates a momentum for economic growth and development.Conclusion: The results explained that financial technology and the digital economy has a significant influence on performance of the financial services sector.
Pengaruh Variabel Determinan terhadap Struktur Modal dan Dampak Struktur Modal terhadap Nilai Perusahaan (Studi Empiris pada Perusahaan Sektor Manufaktur yang Terdaftar di Bursa Efek Indonesia). Ni Nyoman Suli Asmara Yanti; Kusuma Ratnawati; Djumahir Djumahir
Jurnal Manajemen dan Kewirausahaan Vol 6, No 2 (2018): December 2018
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jmdk.v6i2.2210

Abstract

This study aims to analyze determinant variables of capital structure and impact of capital structure on firm value. The determinants of capital structure such as  tangibility, profitability, non-debt tax shields, uniqueness, and shares price performance are used as independent variables. Capital structure and firm value are used as dependent variables. Data analysis in this research uses regression analysis. The samples are 62 manufacturing firms listed on Indonesian Stock Exchange from 2012 to  2016. The result shows : 1) tangibility has a positive and significant impact on capital structure; 2) profitability has a negative and significant impact on capital structure; 3) non-debt tax shields, uniqueness and shares price performance do not impact on capital structure; 4) capital structure has  a negative and significant impact on firm value  https://doi.org/10.26905/jmdk.v6i2.2210
PENGARUH PERTUMBUHAN PENJUALAN, PROFITABILITAS, STRUKTUR AKTIVA DAN UKURAN PERUSAHAAN TERHADAP STRUKTUR MODAL (Studi Pada Perusahaan Property dan Real Estate yang Terdaftar di Bursa Efek Indonesia Tahun 2012-2014) Athifah Hanun; Kusuma Ratnawati
Jurnal Ilmiah Mahasiswa FEB Vol 3, No 2: Semester Genap 2014/2015
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

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Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh pertumbuhan penjualan, profitabilitas, struktur aktiva dan ukuran perusahaan terhadap struktur modal pada perusahaan property dan real estate yang terdaftar di BEI tahun 2012-2014 baik secara parsial maupun simultan. Sampel perusahaan ini mencakup 35 perusahaan yang dipilih melalui teknik sensus. Penelitian ini menggunakan data sekunder berupa laporan keuangan perusahaan yang diterbitkan di BEI yang telah lolos uji asumsi klasik dan dianalisis menggunakan analisis regresi linier berganda. Hasil uji F menunjukan bahwa pertumbuhan penjualan, profitabilitas, struktur aktiva dan ukuran perusahaan secara simultan berpengaruh terhadap keputusan struktur modal dengan nilai R2 sebesar 50,8%. Hasil uji t menunjukan bahwa variabel profitabilitas, struktur aktiva dan ukuran perusahaan memiliki pengaruh yang signifikan secara parsial terhadap keputusan struktur modal, sementara variabel pertumbuhan penjualan tidak memiliki pengaruh yang signifikan secara parsial terhadap keputusan struktur modal.  Kata kunci:  Struktur modal, pertumbuhan penjualan, profitabilitas, struktur aktiva, ukuran perusahaan.
ANALISIS RASIO PROFITABILITAS SEBAGAI ALAT UKUR KINERJA PADA BANK BNI SYARIAH Arta Kusuma; Kusuma Ratnawati
Jurnal Ilmiah Mahasiswa FEB Vol 2, No 1: Semester Ganjil 2013/2014
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

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Abstract

Tujuan penelitian ini adalah untuk menganalisis kinerja keuangan pada Bank BNI Syariah periode 2010-2012 bila diukur berdasarkan rasio profitabilitas sejak menjadi Bank Umum Syariah pada pertengahan tahun 2010. Berarti bahwa Bank BNI Syariah sudah berjalan tiga tahun terhitung sejak menjadi Bank Umum Syariah. Sebelumnya status Bank BNI Syriah adalah anak perusahaan Bank BNI 46 dengan status Unit Umum Syariah. Jenis penelitian yang digunakan adalah penelitian deskriptif dengan pendekatan studi kasus.  Data yang diperlukan penulis untuk melakukan penelitian ini adalah data sekunder  berupa laporan laporan keuangan Bank Syariah dari tahun 2010-2012 yang didapat dari Galeri Investasi Bursa Efek Indonesia (BEI) Universitas Brawijaya Malang. Adapun rincian datanya adalah berupa Laporan Neraca dan Laporan Rugi/Laba. Hasil penelitian ini menunjukkan bahwa nilai Return On Asset dan Return On Equity Bank BNI Syariah periode 2010-2012 berada di posisi cukup baik, karena mengalami peningkatan tiap tahunnya. Nilai  Gross Profit Margin periode 2010-2012 berada di posisi yang baik, karena nilai GPM  tiap tahunnya mengalami peningkatan. Sedangkan Nilai Net Profit Margin  cenderung fluktuatif. Ditahun 2011 nilai NPM mengalami penurunan dari tahun sebelumnya. Tahun 2012 nilai  Net Profit Margin mengalami peningkatan dari tahun 2011. Hal ini berarti Bank BNI Syariah pada tahun 2012 lebih efisien dalam penggunaan biaya operasional perusahaannya jika dibandingkan tahun 2011. Kata Kunci : Return On Asset, Return On Equity Gross Profit Margin , Net Profit Margin
PENGARUH AGENCY COSTS TERHADAP DIVIDEND PAYOUT RATIO (Studi Pada Perusahaan Manufaktur Listed Di BEI Tahun 2009-2011) Zainul Arifin; Kusuma Ratnawati
Jurnal Ilmiah Mahasiswa FEB Vol 1, No 2: Semester Genap 2012/2013
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

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Abstract

This study aims to determine the effect of agency costs that proxied insider ownership, institutional ownership, collateralizable assets, debt to total assets, and firm size on dividend payout ratio. This study uses multiple linear regression model on the 13 companies sample’s that listed on the Indonesia Stock Exchange (BEI) in 2009-2011. The study found the evidence of the variable insider ownership, institutional ownership, collateralizable assets, debt to total assets, and firm size simultaneously affect on the dividend payout ratio. In partial, the variable of institutional ownership and collateralizable assets has positive effect and significant, while the variable of insider ownership and firm size has negative effect and insignificant, and variable of debt to total assets has positive effect and insignificant on dividend payout ratio. Forming variable costs of the agencies that most dominant on the company’s dividend payout ratio is collateralizable assets. Keyword : agency costs, insider ownership, institutional ownership, collateralizable assets, debt to total assets, firm size, dan dividend payout ratio.
Co-Authors A. Dewantoro Marsono abdillah, luthfi Achmad Helmy Djawahir Achmad Helmy Djawahir Afriani Afriani Ananda Sabil Hussein Armanu, Armanu Arta Kusuma Athifah Hanun Atim Djazuli Bintang Nurrama Putra Christin Susilowati Clara Shinta Wiryana Cokorda Agung Mahadika Damayanti, Renata Desy Eka Kartika Sari Dewantara, Prasetya Putra Djumahir . Djumahir Djumahir Djumahir Djumahir Djumilah Hadiwidjojo Djumilah Hadiwidjojo Djumilah Hadiwidjojo Djumilah Zain Edi Purwanto Edi Purwanto Efionita, Yolanda Eka Zahra Solikahan Eko Purwanto Ekromi Fraida Tsalasah Esther Novelina Hutagalung Firdaus, Ema Zahra Hanifa Bennu Nur Hanun, Athifah Hedwigh Hendrikus Temai Lejap Herdina, Ajeng Mira Humaira, Khaula Fathia Kesuma, Satrio Fajar KEWAKUMA, ANGELINE STELLA VENTARI Kurniasari, Irma Lana Emilia Gondowahjudi Lia Pranata Putri Liana, Esti luthfi abdillah M.S. Idrus Made Sudarma Mahadika, Cokorda Agung Margono Setiawan Mochamad Rizky Pratama Moeljadi Moeljadi MujiLestari, Dian Muliawati, Elisa Cahya Nazzal, Ayman Ni Nyoman Suli Asmara Yanti Noermijati, Noermijati Nova Juwita Hersanti Nur Khusniyah Indrawati Nurmasari, Nuraini Desty Nushobah, Ahmad Royan Pertiwi, Nanda Purnamasari, Citra Putra, Kevin Surijanto Putradia, Mikhael Kefas Putri, Belinda Nursabila Putri, Rizki Ariendra Ammellia R Safiroh Febrina Reka Yusmara Mardiputra Rico Eka Wahyu Hudiwijono Riyadi, Indra Rofiaty, Rofiaty Rosyanti, Daisy Marthina Santika, IBM Shen Chien Wen Shen Chien Wen, Shen Chien Siahaan, Andriyuda Siti Aisjah Slamet Mulyono Sri Muljaningsih Sumiati Sumiati . Sumiati Sumiati Surachman Surachman Tomas Setya Wahyu Budi Tomas Setya Wahyu Budi Ubud Salim Wahdiyat Moko Wardani, Salsabilah Herman Putri Wati, Cicik Retno ZAINUL ARIFIN Zainul Arifin Zaroug, Yousef Ali Mohamed