Rahmat Heru Setianto
Departemen Of Management, Faculty Of Economics And Business, Universitas Airlangga

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Intellectual Capital and Islamic Banks Performance; Evidence from Indonesia and Malaysia Rahmat Heru Setianto; Raditya Sukmana
IQTISHADIA Vol 9, No 2 (2016): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v9i2.1736

Abstract

Examining the Islamic stock market efficiency: Evidence from nonlinear ESTAR unit root tests Setianto, Rahmat Heru; Manap, Turkhan Ali Abdul
Indonesian Capital Market Review Vol. 7, No. 1
Publisher : UI Scholars Hub

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This paper empirically examines the efficient market hypothesis (EMH) in the Islamic stock market namely Jakarta Islamic Index by emphasizing on the random walk behavior and nonlinearity. In the first step, we employ Brock et al. (1996) test to examine the presence of nonlinear behavior in Jakarta Islamic Index. The evidence of nonlinear behavior in the indices, motivate us to use nonlinear ESTAR unit root test procedure recently developed by Kapetanios et al. (2003) and Kruse (2011). The nonlinear unit root test procedure fail to rejects the null hypothesis of unit root for the indices, suggesting that Jakarta Islamic Index characterized by random walk process supporting the theory of efficient market hypothesis. In addition, Lumsdaine and Papel (LP) test identified significant structural breaks in the index series.
Corporate Financial Flexibility, Investment Activities, And Cash Holding: Evidence From Indonesia Setianto, Rahmat Heru; Kusumaputra, Addenver
Indonesian Capital Market Review Vol. 9, No. 2
Publisher : UI Scholars Hub

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This paper examines empirically the impact of financial flexibility on investment activities. Furthermore, we also investigate how financial flexibility determines the sensitivity of investment activities to cash flow. Using annual data of Indonesian manufacturing firms spanning five years, our analyses reveal that financial flexibility enhances investment ability and decreases sensitivity of investment activities to cash flow. Further analysis indicates that financially flexible firms in Indonesia tend to hold higher cash as a buffer to achieve financial flexibility. These findings yield important implications to managers and investors as Indonesia’s domestic market is expanding rapidly and large business opportunities are created. This condition provides firms with incentive to grow faster, hence increasing financing needs to finance firms’ expansion.
Peran Diversifikasi Pendapatan pada Pengaruh Kekuatan Pasar terhadap Stabilitas Bank Ahmad Setiyono; Mahadva Meutia Maramis; Rahmat Heru Setianto
Al Tijarah Vol. 5 No. 1 (2019): Al Tijarah | June
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/tijarah.v5i1.3612

Abstract

Penelitian ini bertujuan untuk menguji pengaruh kekuatan pasar terhadap stabilits bank di Indonesia. Penelitian ini juga menguji peran moderasi diversifikasi pendapatan pada pengaruh kekuatan pasar teradap stabilitas bank. Datayang digunakan adalah 38 bank umum antara perode 2008- 2017. Hasil uji regresi menunjukkan bahwa kekuatan pasar akan meningkatkan stabilitas bank. Hasil dari regresi moderasi mengindikasikan bahwa pengaruh kekuatan pasar terhadap stabiltas bank akan semakin uat pada bank dengan diversifikasi pendapatan yang tinggi. Hasil ini akan membawa implikasi bagi para manajer dan pembuat kebijakan dalam mengelola bank.
Peningkatan Manajemen BUMDES dan Pengembangan Kewirausahaan Anggota Karang Taruna Berbasis Sumber Daya Lokal dan Ekonomi Kreatif di Desa Kutu Kulon Kecamatan Jetis Kabupaten Ponorogo Setianto, Rahmat Heru; Handriana, Tanti; Arina, Nidya Ayu
Jurnal Manajemen Teori dan Terapan| Journal of Theoretical and Applied Management Vol. 13 No. 3 (2020)
Publisher : Universitas Airlangga

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Abstract

Village-Owned Enterprises (BUMDesa) and Karang Taruna Desa Kutukulon since the establishment of BUMDesa in 2016 have not been able to significantly contribute to the development of economy of the society. Based on the analysis, some fundamental problems are observed, namely: traditional business management, production skills, materials and means of production, and marketing reach. The management problem is related to the managers' lack of understanding of the principles of modern management in business. The problem of production skills is related to the ability and skill to produce quality products as well as meet market tastes. Material problems and business facilities are related to the unavailability of adequate business tools/facilities to be able to produce quality products at an efficient cost. Marketing problems include managers' lack of understanding of effective marketing strategies and techniques. Community service activities aim to overcome the problems in these various problems. This program provides training and assistance in relation to each problem identified, as well as the procurement of materials and production facilities to improve the quality and competitiveness of BUMDesa products. The output of this program is the implementation of modern management principles in the BUMDesa, increasing the quality and quantity of products, increasing marketing reach, increasing revenues of BUMDesa and the income of society. This community service program is expected to produce outcomes in the form of (1) publications in ISSN/Proceedings (published) journals; (2) publication in print/online/repository mass media; (3) videos of activities that were published in campus media; (4) the development of BUMDesa so that it can increase community empowerment
Foreign Institutional Ownership and Dividend Policy Muthoharoh, Luluk; Setianto, Rahmat Heru
Southeast Asian Business Review Vol. 1 No. 1 (2023)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/sabr.v1i1.48977

Abstract

Increasing institutional investors in manufacturing companies encourage companies to be more wise in making financial decisions, including dividend policy. Dividend policy related to profits earned by the company will be distributed to shareholders in the form of dividends or saved as retained earnings for reinvestment purposes. This study aims to examine the effect of foreign institutional ownership on dividend policy. This research was conducted on manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2013-2017, with a total of 466 observations. The Generalized Method of Moment (GMM) logistic regression and dynamic panel data estimation model was used in this study, with the dependent variable being dividend policy and the independent variable being ownership of foreign institutions. The study shows that foreign institutional ownership has a positive effect on dividend policy.