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KEBIJAKAN DIVIDEN DI BURSA EFEK INDONESIA PADA PERUSAHAAN KELOMPOK LQ 45 Hasnawati, Sri
Jurnal Manajemen Vol 21, No 1 (2017): February 2017
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (144.332 KB) | DOI: 10.24912/jm.v21i1.152

Abstract

Dividend policy is very important in Finance Management. But until now the concept of dividend policy remains a debatable issue: should corporate profits be distributed or should they be kept as return earnings? In order to address the issue, research on public companies listed on the Indonesian stock exchange on LQ 45 companies is conducted. A model of multiple regression is used to explain what factors should be considered in carrying out the company’s dividend policy. The result of this study shows that main factors that should be considered in distributing the cash dividend are investment and leverage that may have an impact on the reduction of dividend. Size and liquidity variables do not affect dividend policy. When this study is related to agency theory, it seems that the companies in the LQ 45 have reduced agency conflict by increasing investment from internal and external sources. The creditors supplied external sources to increase management  control. The dividends were distributed in order to give a return on shareholders.
The Analysis Effect of Leverage, Asymmetric Information and Corporate Governance to Firm Value in Manufacture Companies Listed in Indonesia Stock Exchange Octaviana, Lisa Tyas; Hasnawati, Sri; Hendrawaty, Ernie
International Journal of Economics, Business, and Entrepreneurship Vol 2 No 1 (2019): IJEBE January - June 2019
Publisher : FEB - Universitas Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (289.264 KB) | DOI: 10.23960/ijebe.v2i1.49

Abstract

Company value or Firm value is a certain condition that has been achieved by the company as an illustration of public trust and shareholders towards the company after going through an activity process for several years, since the company was first established until now. This study aims to determine the effect that occurs between Leverage, Asymmetric Information, and Corporate Governance on the Firm Value through Cash Holdings as a mediating variable. The data used in this study are published financial report from 33 manufacturing companies in the Consumer Goods Industry Sector listed on the Indonesia Stock Exchange from 2011 - 2017. The conclusion of this study is that cash holdings are only able to mediate the influence of corporate governance with a proxy proportion of the board independence on firm value. Directly cash holding and corporate governance with a proxy proportion of the number of independent commissionersalso influence the firm value while leverage, asymmetric information and corporate governance with a proxy percentage of the number of share ownership by managerial do not directly affect the firm value of the company. So as to increase the value of the company, companies should determine the proportion of the right amount of board independence so it can create good corporate governance that can increase value of the company.
Dampak Set Peluang Investasi Terhadap Nilai Perusahaan Publik di Bursa Efek Jakarta Sri Hasnawati
Jurnal Akuntansi dan Auditing Indonesia Vol. 9 No. 2 (2005)
Publisher : Accounting Department, Faculty of Business and Economics, Universitas Islam Indonesia

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

Abstract

The objective of this research is to get an understanding on the effect of investment deci¬sions on value of a company using Structural Equation Model (SEM). It is expected that this model will give more comprehensive analysis on the effect of the investment decisions on value of the fir. This analysis was based on target population of 259 public companies at Jakarta Stock Exchange, with following finding.The investment decision effect on the value of the companies, respectively 12,25%. The theoretical finding on this research can be developed to make an investment decision at stock ex¬change. In other words, the investment decision made by companies will have some means of effect on company’s value compare with other factors.Keywords:    structural equation mode, invest¬ment opportu¬nity set, return saham, market value
Pengaruh size dan beta terhadap return pada perusahaan kecil dan besar yang terdaftar di Bursa Efek Indonesia periode 2010-2014 Y.S. Soefian Nur Hidayat; Sri Hasnawati; Ernie Hendrawaty
Journal of Business & Banking Vol 9, No 1 (2019): Mei - Oktober 2019
Publisher : STIE Perbanas Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jbb.v9i1.1748

Abstract

This study aims to empirically prove the effect of size and beta on returns. The analytical method used in this research is descriptive and statistical analysis methods. This research was conducted in the period 2010-2014 with a sample of 953 public companies. The results of the study stated that the effect of size on stock returns in small companies is stronger than large companies. The effect of beta on stock returns is higher in small companies than in large companies. Based on these findings, large companies must be able to improve their performance so that they are able to increase stock returns so investors are interested in investing.
PENYULUHAN PENGELOLAAN SDM DAN FINANCIAL LITERASI BAGI PENGELOLA DAN ANGGOTA KOPERASI KREDIT GENTIARAS DI KECAMATAN PRINGSEWU KABUPATEN PRINGSEWU LAMPUNG Sri Hasnawati; Yuningsih Yuningsih; Aida Sari; Nuzul Inas Nabila
Abdi Laksana : Jurnal Pengabdian Kepada Masyarakat Vol 3, No 2 (2022): Edisi Mei
Publisher : LPPM Universitas Pamulang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32493/al-jpkm.v3i2.20306

Abstract

Koperasi merupakah salah satu soko guru perekonomian Indonesia. Kontribusi koperasi dan UKM terhadap PDB (pendapatan domestik bruto) nasional mencapai 56,5%. Kemenkop UKM mencatat, sampai saat ini 99% pelaku perekonomian Indonesia berasal dari koperasi dengan jumlah 177.483 unit, dan UKM yang berjumlah 52,7 juta unit.  Keberlangsungan  koperasi tergantung pada Sumber Daya Manusia dan bagaimana Mengelola Keuangan . Pengelolaan sumber daya manusia yang baik tidak terlepas dari perencanaan SDM  bagi pengelola pada khususnya dan anggota pada umunya. Pengelolaan keuangan koperasi diperlukan agar setiap keputusan keuangan yang dilakukan koperasi mampu memberi nilai tambah bagi para stakeholdersnya. Selain bagi pengelola,  anggota koperasi harus memahami bagaimana mengelola keuangan dengan baik dan melek keuangan (financial literacy). Untuk tujuan ini diperlukan adanya suatu penyuluhan mengenai pengelolaan SDM pada koperasi dan penyuluhan tentang financial literasi bagi pengelola dan anggotanya. Penyuluhan ini diharapkan mampu menambah wawasan dan pemahaman yang baik pagi pengurus maupun anggota koperasi tentang SDM dan manajemen keuangan.  Pengabdian masyarakat yang dilakukan dengan  metode penyuluhan  tentang pengelolaan SDM dan financial literasi bagi pengurus dan anggota KopDit Gentiaras di Kecamatan Pringsewu, Lampung berhasil dengan baik dan berjalan lancer. Hal ini dapat dilihat dari peningkatan pemahaman tentang pengelolaan SDM dan  financial literasi dari hasil posttest yang diperoleh. Oleh karena itu diperlukan dukungan dan pendampingan bagi pengurus dan anggotanya supaya dapat berkembangan guna mendukung perekonomian  masyarakat sekitar  dan pengelolaan koperasi secara professional.Kata Kunci : SDM, Financial Literasi, dan Koperasi Kredit
PENINGKATAN KAPASITAS STUDI KELAYAKAN BISNIS PADA BUMDES DAN UMKM DI SUNGAI LANGKA KABUPATEN PESAWARAN Muslimin; Sri Hasnawati; Nindya Puspitasari Dalimunthe; Rialdi Azhar
Jurnal Abdimas Bina Bangsa Vol. 2 No. 1 (2021): Jurnal Abdimas Bina Bangsa
Publisher : LPPM Universitas Bina Bangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (195.659 KB) | DOI: 10.46306/jabb.v2i1.61

Abstract

The aim of this paper to describe how to enhance technical skill of Bumdes and SMEs in developing business financial feasibility analysis. Specifically, this activity aims to identify local economic potentials as a foundation to foster SME’s growth by facilitating developing financial plan of their business. Participatory approach is used to transfer of knowledge of the training. As the pandemic situation, social media is used to account skill required. By using pre and post test to evaluate the training, the results show that the participants need to continuous training to apply the steps of feasibility study analysis. Even there is a progress in developing the materials technically, the score is still lower to transform the aspect financially. Financial literate dissemination is still needed to enhance financial skills of the participants.
The Effect of Investment Decision, Financing Decision, Dividend Policy on Firm Value Ginanjar Agung; Sri Hasnawati; R.A. Fiska Huzaimah
Jurnal Bisnis dan Manajemen (JBM) JBM Vol 17 (2021): Issue 1
Publisher : Faculty of Economics and Business University of Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23960/jbm.v17i1.189

Abstract

This study aims to determine the influence of investment decision, financing decision, dividend policy on firm value. Using purposive sampling method, 22 firms in the food and beverage industry listed in Indonesia Stock Exchange for the period 2016-2018 were selected as samples. Data were analyzed using multiple linear regression. It is concluded that Investment Decision (PER) has a positive and significant effect on firm value, supports the Signaling Theory which explains the relationship between investment decision and firm value. Financing Decision (DER) has no effect on firm value, according to Trade Off Theory which explains that at a certain level of debt, tax savings (tax shields) from additional debt will be equal to the cost of financial distress. Dividend Policy (DPR) has a positive and significant effect on firm value, supported by the Signaling Theory which states that good quality firms will deliberately give signals to the market. The results of the suitability test model show that simultaneously investment decision (PER), financing decision (DER) and dividend policy (DPR) influence firm value. Keywords: Firm value, investment decision, financing decision, dividend policy ABSTRAK Penelitian ini bertujuan untuk mengetahui pengaruh keputusan investasi, keputusan pendanaan, dan kebijakan dividen terhadap nilai perusahaan. Dengan menggunakan metode purposive sampling, 22 perusahaan di industri makanan dan minuman yang terdaftar di Bursa Efek Indonesia periode 2016-2018 dipilih sebagai sampel. Analisis data menggunakan regresi linier berganda. Disimpulkan bahwa Keputusan Investasi (PER) berpengaruh positif dan signifikan terhadap nilai perusahaan, mendukung teori Signaling yang menjelaskan hubungan keputusan investasi dengan nilai perusahaan. Keputusan Pembiayaan (DER) tidak berpengaruh terhadap nilai perusahaan, menurut Trade Off Theory yang menjelaskan bahwa pada tingkat hutang tertentu, penghematan pajak (tax shields) dari tambahan hutang akan sama dengan biaya financial distress. Kebijakan Dividen (DPR) berpengaruh positif dan signifikan terhadap nilai perusahaan, didukung oleh Signaling Theory yang menyatakan bahwa kualitas perusahaan yang baik akan dengan sengaja memberikan sinyal kepada pasar. Hasil uji kesesuaian model menunjukkan bahwa secara simultan keputusan investasi (PER), keputusan pendanaan (DER) dan kebijakan dividen (DPR) berpengaruh terhadap nilai perusahaan. Kata kunci: nilai perusahaan, keputusan investasi, keputusan pendanaan, kebijakan dividen
Ramadan Effect and Volatility Risk by Garch Model: Evidence in Indonesia Stock Market Dery Westryananda Putra; Sri Hasnawati; Muslimin Muslimin
Jurnal Bisnis dan Manajemen (JBM) JBM Vol 17 (2021): Issue 2
Publisher : Faculty of Economics and Business University of Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23960/jbm.v17i2.220

Abstract

This study aims to analyze the effect of the Ramadan effect and volatility risk on the Indonesian stock market using the GARCH model. The population in this study are companies listed on the LQ45 index on the Indonesia Stock Exchange during 2019. There are 42 companies used as samples in this study. The research sample was taken using purposive sampling method. This study uses the GARCH model as an analytical tool. The results of this study indicate that there is no Ramadan effect on the LQ45 index, but the volatility in the month of Ramadan affects the volatility in the LQ45 index. Keywords: Ramadan Effect, Volatility Risk, GARCH Model Abstrak Penelitian ini bertujuan untuk menganalisis pengaruh Ramadhan effect dan risiko volatilitas terhadap pasar saham Indonesia dengan menggunakan model GARCH. Populasi dalam penelitian ini adalah perusahaan yang terdaftar pada indeks LQ45 di Bursa Efek Indonesia selama tahun 2019. Terdapat 42 perusahaan yang dijadikan sampel dalam penelitian ini. Sampel penelitian diambil dengan menggunakan metode purposive sampling. Penelitian ini menggunakan model GARCH sebagai alat analisis. Hasil penelitian ini menunjukkan bahwa tidak ada pengaruh Ramadhan terhadap indeks LQ45, namun volatilitas pada bulan Ramadhan berpengaruh terhadap volatilitas pada indeks LQ45. Kata Kunci: Ramadhan Effect, Risiko Volatilitas, Model GARCH
PENGARUH KEPUTUSAN INVESTASI, KEBIJAKAN DIVIDEN, DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN Rieke Diah Delarosa Sarmin; Sri Hasnawati; Ahmad Faisol
Jurnal Bisnis dan Manajemen (JBM) JBM Vol 17 (2021): Issue 3
Publisher : Faculty of Economics and Business University of Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23960/jbm.v17i3.305

Abstract

The decisions that managers in a company will take will affect firm value in their company. This decision consists of investment decisions, financing decisions, and dividend policy. The firm value determined not only the decisions taken but also the amount of profit earned. This research aimed to examine the effect of investment decisions, financing decisions, and dividend policy on firm value. The secondary data in this research was obtained from the official website of the Indonesia Stock Exchange. By using the purposive sampling method, the sample selected was 11 manufacturing companies listed in the LQ45 index. The analysis technique used in this study were descriptive statistics and multiple linear regressions. The error rate used is 5%. The finding shows that investment decisions and profitability positively affect firm value, while dividend policy does not.
Do Independent Commissioners Control the Effect of Family-Owned Business Characteristics on Dividend Policy? A Study in Indonesian Manufacturing Companies Ernie HENDRAWATY; Sri HASNAWATI; Lia PURNAMASARI
International Journal of Environmental, Sustainability, and Social Science Vol. 2 No. 2 (2021): International Journal of Environmental, Sustainability, and Social Science (Jul
Publisher : Indonesia Strategic Sustainability

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38142/ijesss.v2i2.71

Abstract

This study aims to determine the role of independent Commissioners to control the effect of family-owned business characteristics on dividend policy. This study construct panel data that estimate using panel regression with a fixed-effect model. The model is estimated using financial data of 64 Indonesian manufacturing companies that were observed from the period 2016-2018. The result showed that family-owned business characteristics have a positive effect on dividens. The Independent Commisioners were able to control the effect of family business characteristics on the dividend policy. The Independent Commissioners have a role in reducing the positive effect of family-owned businesses characteristics on dividends.