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The Influence Of DAU (General Allocation Fund) And DAK (Special Allocation Fund) On Capital Expenditure Of Bali Province Suryantini, Ni Putu Santi
Economics and Business Solutions Journal Vol. 1 No. 2 (2017): Economics and Business Solutions Journal
Publisher : Universitas Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (675.631 KB) | DOI: 10.26623/ebsj.v1i2.620

Abstract

Due to the governmental implementations and services to the public in accordance with the decentralization principle, the regional areas have the authority to collect taxes/levies and manage the Natural Resources (SDA). The regional areas funding sources consist of Own-Source Revenue (PAD), Fiscal Balance/Revenue Sharing Fund (DBH), General Allocation Fund (DAU) and Special Allocation Fund (DAK) which are directly managed by the regional government through its Regional Revenue and Expenditure Budget (APBD). This research aims at analyzing the influence of PAD, DAU, and DAK on capital expenditure of Bali province. The research population is all city/regency governments in Bali. This research employs a census method involving all Regencies and municipalities in Bali Province. The data are the regional government expenditure realization during the period of 2010 to 2015. The results show that PAD does not significantly influence Capital Expenditure, while DBH, DAU, and DAK significantly influence Capital Expenditure.
THE INFLUENCE OF INDEPENDENCE RATIO AND EFFECTIVENESS RATIO ON ECONOMIC GROWTH THROUGH CAPITAL EXPENDITURE Ni Made Santi Dewi Pradnyani; Ni Putu Santi Suryantini
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 11 (2024): November
Publisher : Adisam Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Indonesia's economic growth over the last few years has experienced quite significant fluctuations. The large economic growth rate cannot be separated from the large influence of regional income for each province in Indonesia, one of which is Bali Province. This research aims to determine the effect of the independence ratio and effectiveness ratio on economic growth through capital expenditure in districts/cities in Bali Province for the 2018-2022 period. This research method uses an associative type of quantitative research. The data in this research is secondary data, consisting of data on economic growth, independence ratio, effectiveness ratio, and capital expenditure with the population of all Regencies/Cities of Bali Province. The data analysis technique in this research uses panel data regression using EViews version 10.0 because EViews has special capabilities for processing panel data, namely data that combines cross-section and time series data. The research results show thatthe independence ratio has a significant positive effect on capital expenditure, the effectiveness ratio has a significant negative effect on capital expenditure, the independence ratio has an insignificant negative effect on economic growth, the effectiveness ratio and capital expenditure have a significant positive effect on economic growth, while capital expenditure is unable to mediate the effect of the independence ratio and ratio of effectiveness to economic growth. This research contributes to local governments in districts/cities in Bali Province in designing effective and sustainable economic development policies.
Reaksi Pasar Sebelum dan Sesudah Stock Split Gladys Rilana Suryadi; Ni Putu Santi Suryantini
EKONOMIKA45 :  Jurnal Ilmiah Manajemen, Ekonomi Bisnis, Kewirausahaan Vol. 11 No. 2 (2024): Juni : Jurnal Ilmiah Manajemen, Ekonomi Bisnis, Kewirausahaan
Publisher : Fakultas Ekonomi Universitas 45 Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30640/ekonomika45.v11i2.2424

Abstract

Profit is the goal of investing in the capital market. Based on market efficiency theory, market share prices in the semi-strong form reflect all information regarding past prices and all information published by related companies, so investors need information to reduce uncertainty. A stock split is an activity of splitting a number of shares into a larger number of shares using a proportionally lower nominal value per share. This research is research with a quantitative approach in the event study category. In this research, there are 31 samples of companies listed on the Indonesia Stock Exchange and carrying out stock splits in the 2020-2023 period. The research data tested is secondary data accessed via the Indonesia Stock Exchange website. The aim of this research is to find out whether there are significant differences in stock trading volume and abnormal returns before and after the stock split. The results of this study show that there is no significant difference in stock trading volume and abnormal returns before and after the stock split.
The Influence of Liquidity and Leverage on Stock Returns with Profitability as A Mediating Variable : A Study on Telecommunication Companies on the Indonesia Stock Exchange Gede Diva Mahesa Saputra; Ni Putu Santi Suryantini
International Journal of Management Research and Economics Vol. 3 No. 1 (2025): February : International Journal of Management Research and Economics
Publisher : Institut Teknologi dan Bisnis (ITB) Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54066/ijmre-itb.v3i1.2924

Abstract

The purpose of investors investing in stock securities is to get a high return with a certain level of risk. Return is the main factor that motivates investors to invest and as a reward for the courage to bear the risk of the investment made. This study aims to determine the influence of liquidity and leverage on stock returns with profitability as a mediating variable in Telecommunications Companies on the Indonesia Stock Exchange. This research is an associative research, by selecting telecommunication companies on the Indonesia Stock Exchange as the scope of research. The type of data in the study is secondary data obtained from www.idx.com. The sampling method used in the study used a simple random sampling method with the Slovin formula and obtained 15 telecommunications companies for the period 2020-2022. The analysis technique used in the research is descriptive analysis and path analysis. Based on the results of the analysis, it was found that liquidity has an insignificant effect on stock returns. Leverage has a negative significant effect on stock returns. Liquidity has a positive and significant effect on profitability. Leverage has a negative and significant effect on profitability. Profitability is able to mediate the effect of liquidity on stock returns and the effect of leverage on stock returns.
PENGARUH INVESTMENT OPPORTUNITY SET DAN KEPEMILIKAN MANAJERIAL TERHADAP NILAI PERUSAHAAN YANG DIMEDIASI OLEH KEBIJAKAN DIVIDEN Luthfy Maghfiroh Ilahi; Ni Putu Santi Suryantini
E-Jurnal Manajemen Vol 13 No 12 (2024)
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24843/EJMUNUD.2024.v13.i12.p05

Abstract

Nilai perusahaan dipengaruhi oleh pandangan investor, yang menyebabkan terjadinya fluktuasi harga saham. Terjadi fluktuasi nilai perusahaan dalam indeks LQ45 antara Tahun 2018 sampai 2022. Penelitian ini bertujuan untuk menganalisis pengaruh investment opportunity set dan kepemilikan manajerial terhadap nilai perusahaan melalui mediasi kebijakan dividen. Data dikumpulkan dengan metode observasi non-partisipant yang dikumpulkan dari data sekunder yaitu laporan keuangan Tahun 2018 hingga 2022. Metode analisi yang digunakan adalah uji asumsi klasik dan path analisis, path analisis digunakank menemukan korelasi pengaruh langsung dan tidak langsung antara variabel. Hasil dari penelitian menunjukkan bahwa investment opportunity set dan kepemilikan manajerial berpengaruh positif signifikan terhadap kebijakan dividen. Investment opportunity set dan kebijakan dividen berpengaruh positif signifikan terhadap nilai perusahaan, namun kepemilikan manajerial berpengaruh negatif terhadap nilai perusahaan. Kebijakan dividen mampu memediasi kepemilikan manajerial terhadap nilai perusahaan, tetapi tidak dapat memediasi hubungan investment opportunity set terhadap nilai perusahaan. Kesimpulan dari penelitian ini menekankan pentingnya kebijakan dividen sebagai variabel mediasi dalam hubungan antara kepemilikan manajerial dan nilai perusahaan. Hasil penelitian ini diharapkan membantu manajer mengenai pentingnya kebijakan dividen, peluang investasi dan kepemilikan manajerial dalam meningkatkan nilai perusahaan. This study examines the impact of investment opportunity set and managerial ownership on firm value, with dividend policy as a mediating factor. Data was collected through nonparticipant observation from secondary sources, namely financial statements of companies in the LQ45 index from 2018 to 2022. Analytical methods used include the classic assumption test and path analysis to determine direct and indirect relationships between variables. The findings reveal that both the investment opportunity set and managerial ownership positively influence dividend policy. Moreover, the investment opportunity set and dividend policy have a significant positive effect on firm value, while managerial ownership negatively affects firm value. Dividend policy successfully mediates the relationship between managerial ownership and firm value but fails to mediate the relationship between the investment opportunity set and firm value. These results highlight the critical role of dividend policy as a mediating variable between managerial ownership and firm value. The study underscores the importance of aligning investment opportunities, managerial ownership, and dividend policies to enhance firm value. These insights are expected to guide managers in making informed decisions on leveraging dividend policies and investment strategies for sustainable growth.
The Influence of Profitability, Liquidity, Inflation, and Interest Rates on Stock Returns of Infrastructure Sector Companies on The Indonesia Stock Exchange Ni Putu Kartika Cahyani; Ni Putu Santi Suryantini
ePaper Bisnis : International Journal of Entrepreneurship and Management Vol. 2 No. 2 (2025): ePaper Bisnis : International Journal of Entrepreneurship and Management
Publisher : Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/epaperbisnis.v2i2.376

Abstract

Stock return refers to the gain that investors may obtain when allocating their funds in the capital market. The stock returns of infrastructure sector companies experienced consecutive declines over the three-year period from 2021 to 2023. These declines may be attributed to both internal and external factors affecting the companies. The purpose of this study is to examine the effects of profitability, liquidity, inflation, and interest rates on stock returns. This research was conducted on infrastructure sector companies listed on the Indonesia Stock Exchange for the period 2021–2023. The study employed quantitative data derived from secondary sources published by the Indonesia Stock Exchange and Bank Indonesia. The sample comprised all 56 companies in the population, selected using a saturated sampling method. The research employed a non-participant observation method. The analytical technique used was multiple linear regression. The results show that profitability has a positive and significant effect on stock returns, while liquidity, inflation, and interest rates do not have a significant effect on stock returns. These findings suggest that profitability serves as an important signal for investors when making investment decisions.
PERBANDINGAN KINERJA KEUANGAN PERUSAHAAN PERBANKAN DI INDONESIA SEBELUM DAN SESUDAH MERGER Dewi, Anak Agung Istri Mas Kirana; Suryantini, Ni Putu Santi
Jurnal Review Pendidikan dan Pengajaran Vol. 7 No. 3 (2024): Vol. 7 No. 3 (2024): Volume 7 No 3 Tahun 2024 (Special Issue)
Publisher : LPPM Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/jrpp.v7i3.31068

Abstract

Setiap perusahaan pasti akan mengalami perubahan kondisi kinerja keuangan berupa peningkatan maupun penurunan setiap tahunnya. Untuk mengetahui perubahan kinerja keuangan, perusahaan dapat melakukan analisis laporan keuangan untuk mengidentifikasi faktor-faktor yang mempengaruhi kinerja keuangan dan membantu dalam pengambilan keputusan strategis guna meningkatkan kualitas kinerja keuangan perusahaan. Penelitian ini bertujuan untuk mengetahui apakah terdapat perbedaan Current Ratio (CR), Debt to Assets Ratio (DAR), Return on Assets (ROA), dan Total Asset Turnover (TATO) sebelum dan sesudah merger pada perusahaan perbankan di Indonesia yang melakukan merger periode tahun 2019. Populasi dalam penelitian ini merupakan perusahaan perbankan yang terdaftar di Bursa Efek Indonesia dan melakukan aktivitas merger pada tahun 2019. Metode penentuan sampel yang digunakan dalam penelitian teknik non probability sampling dengan metode sampling jenuh. Teknik analisis yang digunakan untuk menguji hipotesis adalah Wilcoxon Sign Rank Test dan Paired Sample T-test. Hasil penelitian ini menunjukan bahwa tida terdapat perbedaan pada CR, DAR, ROA dan TATO sebelum dan sesudah merger. Penelitian ini juga memberikan implikasi bahwa tidak terdapat perbedaan signifikan pada kinerja kuangan sebelum dan sesudah merger. Hal tersebut mengindikasikan bahwa perusahaan belum dapat mencapai sinergi keuangan sesuai dengan harapan perusahaan setelah melakukan merger.
REAKSI PASAR TERHADAP PERISTIWA KENAIKAN HARGA BAHAN BAKAR MINYAK Pipiyanti, Ayu; Suryantini, Ni Putu Santi
Jurnal Review Pendidikan dan Pengajaran Vol. 7 No. 3 (2024): Vol. 7 No. 3 (2024): Volume 7 No 3 Tahun 2024 (Special Issue)
Publisher : LPPM Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/jrpp.v7i3.31077

Abstract

Penelitian ini adalah studi peristiwa yang bertujuan untuk mengamati bagaimana pasar modal bereaksi terhadap pengumuman kenaikan harga bahan bakar pada 3 September 2022, dilihat dari abnormal return dan aktivitas volume perdagangan. Tujuan penelitian ini adalah untuk mengetahui apakah terdapat perbedaan signifikan antara abnormal return dan aktivitas volume perdagangan sebelum dan sesudah pengumuman kenaikan harga bahan bakar. Metode yang digunakan dalam penelitian ini adalah studi peristiwa, dengan sampel berupa saham-saham yang termasuk dalam kategori LQ45 yang terdaftar di Bursa Efek Indonesia. Sampel yang digunakan adalah 25 perusahaan yang dipilih dengan teknik purposive sampling. Penelitian ini mencakup periode peristiwa selama sepuluh hari sebelum dan sepuluh hari setelah pengumuman kenaikan harga bahan bakar. Pengujian dilakukan melalui analisis statistik deskriptif, uji normalitas data, dan pengujian hipotesis menggunakan metode Wilcoxon signed rank test. Hasil penelitian menunjukkan bahwa tidak ada perbedaan signifikan dalam abnormal return, tetapi terdapat perbedaan signifikan dalam aktivitas volume perdagangan antara periode sebelum dan sesudah kenaikan harga bahan bakar.