Djoko Sampurno
Jurusan Manajemen Fakultas Ekonomika Dan Bisnis Universitas Diponegoro

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ANALISIS PENGARUH FUND AGE, MARKET TIMING ABILITY, STOCK SELECTION SKILL, PORTFOLIO TURNOVER DAN FUND SIZE TERHADAP KINERJA REKSA DANA SYARIAH PERIODE 2013 - 2015 Wicaksono, Muhammad Pambudi; Sampurno, R. Djoko
Diponegoro Journal of Management Volume 6, Nomor 3, Tahun 2017
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

Mutual funds is one means of investment consisting of a collection of funds obtained from various investors to be invested in securities portfolio by the investment manager. Sharia mutual funds are mutual funds whose operations are based on Islamic sharia principles. This study aims to analyze the influence of fund age, market timing ability, stock selection skill, portfolio turnover and fund size to the performance of Islamic mutual funds in Indonesia. The method used is multiple regression analysis with classical assumption test as statistical requirement. The data used in this study consist of monthly NAV data, effective date of mutual fund, mutual fund financial report, SBIS and JCI in the period 2013-2015. The sample is divided according to the purpose of investment consisting of 8 sharia equity funds, 7 sharia balanced funds and 3 sharia fixed income funds. The results showed that simultaneously fund age character, market timing ability, stock selection skill, portfolio turnover and fund size influence sharia mutual fund performance by 19%. In partial test, it is found that fund age has negative and insignificant effect on sharia mutual fund performance. Market timing ability and portfolio turnover have positive and insignificant effect on sharia mutual fund performance. Stock selection skill and fund size have a positive and significant effect on sharia mutual fund performance.
ANALISIS PENGARUH PROFITABILITAS (ROA), LIKUIDITAS (CR), SALES GROWTH DAN FIRM SIZE TERHADAP STRUKTUR MODAL DENGAN TANGIBILITY ASSET DAN FIRM AGE SEBAGAI VARIABEL KONTROL (Studi Kasus pada Perusahaan Subsektor Dagang Eceran Yang Terdaftar di Bursa Efek Indonesia Tahun 2013-2017) Pramesti, Prisca Regita; Sampurno, R. Djoko
Diponegoro Journal of Management Volume 8, Nomor 2, Tahun 2019
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

This study aims to examine the effect of variable of profitability (ROA), liquidity (CR), sales growth and firm size on capital structure with tangibility asset and firm age as control variable.The population in this study were retail trade sub-sector companies that were listed on the Indonesian Stock Exchange in 2013 – 2017. The sample technique used was purposive sampling. So that a sample of 12 companies was obtained, thus obtained 60 research data. The analysis technique used is multiple linear regression using the classical assumption test and regression analysis with a significance level of 5%.Based on the results of research that simultaneously uses the F test variable profitability, liquidity, sales growth, firm size, tangibility asset and firm age as control variable significantly influence the capital structure. The result of partial testing using the T test show that profitability, liquidity, firm size, tangibility asset and firm age have a negative and significant effect on capital structure. While sales growth has a positive and insignificant effect on capital structure and the result of control variables there are tangibility asset and firm age are -3,223 with the significantcy 0,001 and -3,915 with the significantcy 0,003 so tangibility asset and firm age has a negative and significant effect on DER. Determination of coefficient R2 of 0,471 shows that 47,1% of the variation of the DER is explained by the independent variables in the study while the remaining 52,9% is explained by other variables outside the research.
ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI STRUKTUR MODAL (STUDI KASUS PADA PERUSAHAAN MAKANAN DAN MINUMAN YANG TERDAFTAR DI BEI PERIODE 2012 – 2016) Guna, Michael Adi; Sampurno, R. Djoko
Diponegoro Journal of Management Volume 7, Nomor 2, Tahun 2018
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

Capital Structure or in English called debt to equity ratio is one financial ratio that compares the total debt to capital. Capital Structure has a usefulness that is to be a management reference of a company in making decisions about working capital to be used by companies, that the capital itself was funded by external / debt and capital funded by internal company. This research was conducted on companies engaged in food and beverage. This study also looks deeper about the relationship between capital structure with profitability, asset structure, firm size, sales growth and current ratio.The method used is multiple regression analysis with classical assumption test as statistical requirement. The data used in this study consisted of annual data from the related  company financial statements in the period 2012-2016. The sample is divided according to the purpose of research is on 14 food and beverage companies.The results showed that simultaneously the character of profitability, asset structure, current ratio, firm size and sales growth influenced the performance of capital structure by 43.3%. In partial test of capital structure. Profitablility, company size, asset structure and sales growth have positive and insignificant effect on capital structure performance. While the current ratio has a positive and significant effect on the performance of capital structure.
ANALISIS PENGARUH RETURN ON ASSET, DIVIDEND PAYOUT RATIO, ASSET GROWTH, DEBT TO EQUITY RATIO, DAN OPERATING LEVERAGE TERHADAP RISIKO SISTEMATIS (Studi Kasus pada Sektor Manufaktur yang Terdaftar di BEI Periode 2010-2014) Purbawisesa, Annisa; Sampurno, R. Djoko
Diponegoro Journal of Management Volume 5, Nomor 3, Tahun 2016
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

Investment in a stock market may be the most effective way to resolve the economic crisis since the stock market is a dependable source of income. Investors will get a considerable return if make a proper investment decisions and vice versa, so then it is needed both fundamental analysis and technical analysis. A good investment should consider the factors that influence the risk in order to obtain the expected return, the risk is systematic risk and unsystematic risk. Unsystematic risk is the risk that can be eliminated with a diversification in a stock portfolio, while systematic risk is the risk that can’t be eliminated by diversification. This study aimed to analyze the factors that can affect systematic risk, this factors include ROA, dividend payout ratio, asset growth, DER, and DOL.This study used a purposive sampling method, which selecting sample based on the criteria of research needs. The population of this study is 112 company of manufatured sectors that listed in BEI in the period 2010-2014, and there is a 25 companies that fulfilled the criteria, but because of the outliers, this study only used 18 companies as samples. The analysis method used in this research is a multiple regression analysis.The results of this study indicate that ROA, dividend payout ratio, asset growth, DER and DOL affect systematic risk simultaneously, while partially, only dividend payout ratio are negatively and significantly affect systematic risk.
Analisis Pengaruh Net Profit Margin, Current Ratio, Debt to Equity Ratio, Company’s Growth, Firm Size, dan Collateralizable Assets terhadap Dividend Payout Ratio (Studi Empiris pada Perusahaan Non Keuangan yang Terdafar di Bursa Efek Indonesia Tahun 2007- Prasetyo, Fayakun Nur; Sampurno, R. Djoko
Diponegoro Journal of Management Volume 2, Nomor 2, Tahun 2013
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

This research was conducted to examine the influence of the company's financial performance through the net profit margin, current ratio, debt to equity ratio, growth, firm size and collateralizable assets of company’s dividend payout ratio in non-financial companies listed inIndonesia Stock Exchange (IDX) in the period 2007 to 2010. Problems of this research is that the contradiction between theory and facts about the effect of net profit margin, current ratio, debt to equity ratio, growth, firm size and collateralizable assets during the observation period in 2007-2010.This research uses secondary data of the non-financial companies which listed on BEI periods 2007-2010. Research sample of 23 non-financial companies, where the method used is purposive sampling, sampling method that takes an object with the specified criteria. The method of analysis used is Multiple Regression with a significance level of 5%. Besides previously also tested the assumption which includes the classical normality test, multicollinearity test, heteroskedastisity test, and autocorrelation test.The results of the research show that Net Profit Margin has positive significant influence to dividend payout ratio and Current Ratio has negative significant influence to dividend payout ratio, while DER, Growth, Firm Size, and Collateralizable Assets have no influence to dividend payout ratio. All of this variable significant effected the value simultaneously, with the sum of the effect was 12,5%
Analisis Pengaruh Cash Ratio, Return On Assets, Growth, Firm Size, Debt to Equity Ratio Terhadap Dividend Payout Ratio : ( Studi Pada Perusahaan Manufaktur Yang Terdaftar di Bursa Efek Indonesia Tahun 2008-2011) Marietta, Unzu; Sampurno, Djoko
Diponegoro Journal of Management Volume 2, Nomor 3, Tahun 2013
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

Manufacturing firm is processing industry company go through raw material into a goods. There are phenomenon in 2009 which showed that variable cash ratio, Return On Assets, size increased but it is not followed by increase Dividend Payout Ratio.This research aims to analyze the effect mechanism of liquidity, profitability, growth, firm size and financial leverage against the dividend payout ratio at manufacturing companies listed on the Indonesia stock exchange (IDX) for the period 2008-2011. The mechanism of liquidity determined by variable cash ratio, the mechanism of profitability described by variable return on assets, while financial leverage in this research described by variable debt to equity ratio. The sample used in this study 29 companies listed on the Indonesian stock exchange (IDX) for the period 2008-2011. Method of samples conducted by using purposive sampling. This research using multiple regression analysis including descriptive statistic test, classic assumptions test, and goodness of fit test. The result of this research showed that cash ratio had positive and not significant influence to dividend payout ratio, return on assets and size simultaneously had positive and significantly influence to dividend payout ratio, Growth was negative and not significant influence to Dividend Payout Ratio, meanwhile Debt to Equity Ratio had positive and significant influence to the Dividend Payout Ratio. Based on the coefficient of determination ( R2 ), having results of 0,224. It means independent variable influences the Cash Ratio, ROA, Growth, Size of the dependent variables, DER DPR can be described by this equation of 22,4%. While the rest of 77.6% is explained by other factors that are not included in the regression model.
ANALISIS PENGARUH PROFITABILITAS (ROA), LIKUIDITAS (CR), SALES GROWTH DAN FIRM SIZE TERHADAP STRUKTUR MODAL DENGAN TANGIBILITY ASSET DAN FIRM AGE SEBAGAI VARIABEL KONTROL (Studi Kasus pada Perusahaan Subsektor Dagang Eceran Yang Terdaftar di Bursa Efek Indonesia Tahun 2013-2017) Pramesti, Prisca Regita; Sampurno, R. Djoko
Diponegoro Journal of Management Volume 8, Nomor 1, Tahun 2019
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

This study aims to examine the effect of variable of profitability (ROA), liquidity (CR),sales growth and firm size on capital structure with tangibility asset and firm age as controlvariable.The population in this study were retail trade sub-sector companies that were listed on theIndonesian Stock Exchange in 2013 – 2017. The sample technique used was purposive sampling.So that a sample of 12 companies was obtained, thus obtained 60 research data. The analysistechnique used is multiple linear regression using the classical assumption test and regressionanalysis with a significance level of 5%.Based on the results of research that simultaneously uses the F test variable profitability,liquidity, sales growth, firm size, tangibility asset and firm age as control variable significantlyinfluence the capital structure. The result of partial testing using the T test show that profitability,liquidity, firm size, tangibility asset and firm age have a negative and significant effect on capitalstructure. While sales growth has a positive and insignificant effect on capital structure and theresult of control variables there are tangibility asset and firm age are -3,223 with the significantcy0,001 and -3,915 with the significantcy 0,003 so tangibility asset and firm age has a negative andsignificant effect on DER. Determination of coefficient R2 of 0,471 shows that 47,1% of thevariation of the DER is explained by the independent variables in the study while the remaining52,9% is explained by other variables outside the research.
ANALISIS PENGARUH STRUKTUR PASAR DAN RASIO KEUANGAN TERHADAP PROFITABILITAS BANK UMUM KONVENSIONAL DI INDONESIA TAHUN 2009-2013 Indra Aurum, M. Rizki; Sampurno, R. Djoko
Diponegoro Journal of Management Volume 4, Nomor 2, Tahun 2015
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

This study aimed to examine the effect of variable market share  and the level of concentration (concentration rate) as a proxy of market structure and bank financial ratios such as Net Interest Margin (NIM), Capital Adequacy Ratio (CAR), the Loan to Deposit Ratio (LDR ), and Operating Expenses Operating Income (BOPO) on the profitability of commercial banks.This study uses data obtained from the annual financial statements published by the bank in the Condensed Financial Statements Financial Services Authority. The population in this study are120 commercial banks listed on the FSA between 2009 and 2013. The samples used with judgment sampling as many as 20 commercial banks with the largest amount of assets. Data analysis methods used in this research is panel data regression with Fixed Effect Method (FEM). Hypothesis test using t-test to test the effect of individual variables, as well as the F-test to test the effect of variables simultaneously with a significance level of 5%. The results showed that the structure of the banking industry in Indonesia in 2009-2013 led to the traditional hypothesis, which profitability affected by market concentration. Market share has positive effect and not significant on profitability. NIM and CAR have positive effect and significant positive effect on profitability, while LDR and BOPO have negative effect and significant on profitability.
Analisis Pengaruh CAR, NIM, LDR, Biaya Operasi, Size dan DPK Terhadap ROA (Studi Kasus pada Bank Umum Konvensional yang Terdaftar di BEI pada Periode 2010-2014) Arumastuti, Nimas Kusudiatmi; Sampurno, R. Djoko
Diponegoro Journal of Management Volume 5, Nomor 2, Tahun 2016
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

The purpose of this research is to examine the effects of Capital Adequacy Ratio, Net Interest Margin, Loan to Deposit Ratio, Operating Cost, Size and Third Party Funds on commercial banks profitability (ROA). This research uses data from the annual report published by banks, taken from Bloomberg and the official website of Indonesian Stock Exchange. Uses the purposive sampling method, samples for this research are 17 commercial banks with the amount of assets above 35 trillion. Data analysis method used in this research is multiple linear regression with panel data with significance level 5%. The result showed that CAR has negative relation and doesn’t significantly influences towards ROA. NIM has positive relation and significantly influence towards ROA. LDR and Operating Cost have negative relation and significantly influences towards ROA. Size and Third Party Funds have positive relation but don’t significantly influences to ROA. In this research, ROA could be explained by independent variables 72.8% whereas the rest explained by other variables which were not explained in this research.
ANALISIS PENGARUH CASH POSITION, FIRM SIZE, GROWTH OPPORTUNITY, OWNERSHIP, DAN RETURN ON ASSET TERHADAP DIVIDEND PAYOUT RATIO Satria Pribadi, Anggit; Sampurno, R. Djoko
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 performed to examine influence of Cash Position, Firm Size, Growth Opportunity, Ownership, and Return on Asset (ROA) on Dividend Payout Ratio (DPR). Sample for this research were taken using a purposive sampling method from manufacturing companies listed on Indonesia Stock Exchange (BEI) in period 2008 to 2011. From 134 listed companies, acquired 15 companies that meet the criteria specified in the research period from 2008 until 2011. Analyze technique that use in this research is multiple regression analysis, and hypothesis test with t test for testing the partial regression coefficient, F test for testing the simultaneously influence with level of significance 5% and determinant coefficient test. Furthermore, classical assumption test also performed including normality test, multicollinearity test, heteroscedasticity test and autocorrelation test. The results of this research indicate that the variable Ownership and Return on Asset (ROA) have significantly positive influence on Dividend Payout Ratio (DPR). While, Cash Position and Firm Size have significantly negative influence on Dividend Payout Ratio (DPR). Whereas Growth Opportunity hasn’t correlation influence towards Dividend Payout Ratio (DPR). It’s recommended for investors whose purpose to gain dividend, to pay more attention about information that companies spend on investment-related decisions. In this research, Return on Asset (ROA) is the most influential variable to Dividend Payout Ratio (DPR) with a standardized beta coefficient value 0,701. Predictive capability of five independent variables in this research to dividend by 43%, while other 57% were influenced by independent variables that have not been included in the research model.