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The Effect Of Market Timing On Capital Structure In Non-Financial Companies That Do IPO (Initial Public Offering) on the Indonesia Stock Exchange for the 2010-2017. Mohammad Athian MANAN; Mahatma KUPEFAKSI; Sri HASNAWATI
International Journal of Environmental, Sustainability, and Social Science Vol. 3 No. 1 (2022): International Journal of Environmental, Sustainability, and Social Science (Mar
Publisher : Indonesia Strategic Sustainability

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38142/ijesss.v3i1.153

Abstract

Market timing theory (MTT) refers to the practice where the companies issue shares when the share prices are high prices and repurchase the shares when the share prices are low. This study aims to determine the effect of market timing on the company's capital structure and to determine whether there is a persistent (long-term) effect of market timing on the capital structure during the IPO period up to 3 years after the IPO. This study used a purposive sampling method and obtained 102 companies that conducted Initial Public Offerings on the IDX for the 2010-2017 period. The data analysis technique used is multiple linear regression analysis, while research testing is done using eviews. This study also uses four control variables, namely profitability, firm size, asset tangibility, and growth. The results of this study indicate that market timing has a significant negative effect on capital structure. However, this study also shows that market timing does not affect capital structure in the long term.
The Mediating Effect of Strategic Agility in the Relationship of Supply Chain Management Activities and Firm Performance of the Textile Industry of Indonesia Suradi Suradi; Mahrinasari MS; Sri Hasnawati
International Journal of Supply Chain Management Vol 9, No 3 (2020): International Journal of Supply Chain Management (IJSCM)
Publisher : International Journal of Supply Chain Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (494.711 KB)

Abstract

The study purpose is to investigate the mediating effect of strategic agility in the relationship of supply chain management activities (SCMA) and firm performance (FP) of the textile industry of Indonesia. For this purpose, data was collected from 300 supply chain managers by using a simple random sampling technique which yield a 50 percent response rate. The Structural Equation Modeling (SEM) has applied for the hypothesis testing. The direct effect of the study has shown that SMA has positive and significant relationship with the strategic agility (SA) and FP which supports to the hypothesis. In addition, SA also has also an association with the FP. On the other hand, the indirect mediating effect also show that SA is partially mediates in the relationship of SCMA and FP in the textile industry of Indonesia. Therefore, this mediating effect is considered to be a big contribution of the study which could become a new research area in future. The research limitations and future directions are discussed at the end of the study.
Pemanfaatan Produk Fintech bagi UMKM di Bandar Lampung Ernie Hendrawaty; Nairobi; Agrianti Komalasari; Sri Hasnawati; Sri Suningsih
I-Com: Indonesian Community Journal Vol 3 No 1 (2023): I-Com: Indonesian Community Journal (Maret 2023)
Publisher : Fakultas Sains Dan Teknologi, Universitas Raden Rahmat Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (497.768 KB) | DOI: 10.33379/icom.v3i1.2245

Abstract

Mengembangkan bisnis UMKM terkadang membutuhkan biaya yang tidak sedikit, dan solusi permodalan lembaga keuangan bisa menjadi pilihan utama para pengusaha. Sayangnya, tidak banyak pelaku UMKM yang dapat memanfaatkan fasilitas financial technology dalam menjalankan usahanya. Hal ini disebabkan beberapa faktor, salah satunya pelaku UMKM yang non-bankable. Fintech juga menjadi salah satu solusi bagi UMKM berdomilisi jauh dari pusat kota untuk memdapatkan permodalan. Tim pengabdian kepada masyarakat FEB-Unila telah mengadakan pelatihan  pemanfaatan fintech bagi UMKM di Bandar Lampung. Adapun output dari kegiatan ini yaitu peningkatan pemahaman peserta terkait beberapa produk fintech yang legal dan terdaftar di OJK yang dapat menjadi solusi bagi permasalahan permodalan para pelaku UMKM di Bandar Lampung sehingga terhindar dari pinjaman bodong atau tidak legal. Hasil uji pengetahuan sebelum dan sesudah pelatihan menunjukkan adanya peningkatan pengetahuan peserta terkait pemanfaatan produk fintech untuk pengembangan usaha.
Pemberdayaan Masyarakat dalam Identifikasi dan Pencegahan Diabetes Melitus Dian Isti Angraini; Novita Carolia; Intanri Kurniati; Agustyas Tjiptaningrum; Sri Hasnawati
Jurnal Abdimas ADPI Sains dan Teknologi Vol. 4 No. 2 (2023): Juni
Publisher : Asosiasi Dosen Pengabdian kepada Masyarakat Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47841/saintek.v4i2.315

Abstract

Diabetes Mellitus (DM) is one of the chronic diseases which is the highest cause of death in Indonesia and the number of morbidities continues to increase so that the health costs of DM disease are also higher. Diabetes is a disease that can be controlled or prevented if it can be detected as early as possible, because diabetes is often associated with a person's lifestyle and diet which results in increased blood sugar levels in the body. The purpose of this activity is to empower the community, such as health cadres and community members in identifying and preventing diabetes mellitus. The method that will be carried out is health education through lectures and interactive discussions, and videos. This activity was carried out for 1 day and took place in Sumberrejo Village, Kemiling sub-district, Bandar Lampung City. Participants totaled 30 people who were village officials, health cadres and community members. The results of the evaluation of the service implementation found that there was an increase in the participants' understanding of 93.33% to a good understanding, 6.67% of the participants had a fairly good understanding, and no participants had a poor understanding of the signs and symptoms, risk factors, and prevention of DM. The average pretest result was 58.2 and there was an increase in the posttest result which was 84.5. Based on the analysis using the Wilcoxon test, it was found that there was a statistically significant mean difference in the participants' pretest and posttest scores (p=0.001). Community empowerment activities in identifying and preventing DM have proven effective.
Reaksi Pasar Modal Terhadap Kenaikan Harga Bahan Bakar Minyak (Pada Perusahaan Sektor Transportasi Dan Logistik Yang Terdaftar Di Bursa Efek Indonesa Tahun 2022) Talitha Khairunnisa; Sri Hasnawati
Innovative: Journal Of Social Science Research Vol. 3 No. 4 (2023): Innovative: Journal Of Social Science Research
Publisher : Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/innovative.v3i4.4211

Abstract

Penelitian ini merupakan studi peristiwa yang bertujuan untuk menunjukkan bagaimana reaksi pasar modal atas pengumuman kenaikan harga Bahan Bakar Minyak (BBM) pada tanggal 3 September 2022 dengan menggunakan indikator abnormal return, trading volume activity, dan bid ask spread. Tujuan dari penelitian ini adalah untuk mengetahui apakah terdapat perbedaan yang signifikan antara abnormal return, trading volume activity, dan bid-ask spread sebelum dan sesudah pengumuman kenaikan harga BBM. Objek penelitian ini adalah perusahaan sektor transportasi dan logistik yang terdaftar di Bursa Efek Indonesia tahun 2022, sampel yang digunakan dalam penelitian ini sejumlah 29 perusahaan. Periode peristiwa pada penelitian ini adalah sepuluh hari sebelum dan sepuluh hari sesudah pengumuman kenaikan harga BBM. Pengujian dilakukan dengan menggunakan analisis statistik deskriptif, uji normalitas data, dan uji hipotesis menggunakan wilcoxon signed rank test. Hasil penelitian menunjukkan bahwa terdapat perbedaan abnormal return, tidak terdapat perbedaan trading volume activity yang signifikan, dan tidak terdapat perbedaan bid ask spread yang signifikan antara sebelum dan sesudah peristiwa pada saham sektor transportasi dan logistik yang terdaftar di Bursa Efek Indonesia.
ANALISIS OVERREACTION HYPOTHESIS PADA HARGA SAHAM Eka Radiyanti; Sri Hasnawati
Jurnal Bisnis dan Manajemen (JBM) JBM Vol 20 (2024): 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.v20i1.1980

Abstract

The purpose of this research is to see if there is an overreaction hypothesis on stock prices on the Indonesia Stock Exchange. This study's population consists of 229 manufacturing companies registered on the Indonesia Stock Exchange between 2018 and 2022. This study's sample was drawn using a purposive sampling approach, yielding a sample of 127 companies. The study used a significance t test which was processed using SPSS 22 software. The research period is an annual period. Shares are classified into 2 types, namely winner stocks and loser stocks. The results of the study show that winner and loser stocks have experienced several reversals, but these symptoms cannot be proven statistically. As a result, there is no overreaction hypothesis for manufacturing companies registered on the Indonesia Stock Exchange between 2018 and 2022. Keywords: Overreaction Hypothesis, Winner Stocks, Loser Stocks, Abnormal Return Abstrak Tujuan dari penelitian ini adalah untuk melihat apakah terdapat overreaction hypothesis terhadap harga saham di Bursa Efek Indonesia. Populasi penelitian ini terdiri dari 229 perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia tahun 2018-2022. Pengambilan sampel penelitian ini menggunakan pendekatan purposive sampling, sehingga menghasilkan sampel sebanyak 127 perusahaan. Penelitian menggunakan uji signifikansi t yang diolah dengan menggunakan software SPSS 22. Periode penelitian adalah periode tahunan. Saham diklasifikasikan menjadi 2 jenis, yaitu saham winner dan saham loser. Hasil penelitian menunjukkan bahwa saham winner dan loser telah mengalami beberapa kali pembalikan, namun gejala tersebut tidak dapat dibuktikan secara statistik. Hasilnya, tidak ada overreaction hypothesis untuk perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia tahun 2018-2022. Kata Kunci: Overreaction Hypothesis, Winner Stocks, Loser Stocks, Abnormal Return
PENGARUH PROFITABILITAS, STRUKTUR MODAL, DIVIDEN, DAN PERTUMBUHAN (GROWTH) TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN FARMASI YANG TERDAFTAR DI BEI PERIODE 2017-2022 Meliana Fitri Wulansari; Sri Hasnawati
Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi Vol. 2 No. 7 (2024): Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi
Publisher : Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.572349/neraca.v2i7.1905

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh profitabilitas, struktur modal, dividen, dan pertumbuhan (growth) berpengaruh terhadap nilai perusahaan subsektor famasi yang terdaftar di Bursa Efek Indonesia periode 2017-2022. Penelitian ini memiliki sampel sebanyak 9 perusahaan dengan total data sebanyak 54 data. Perhitungan menggunakan model analisis data panel yang menggunakan software Eviews 12. Berdasarkan perhitungan secara statistik serta pembahasan pada bab sebelumnya, maka dapat ditarik kesimpulan sebagai berikut. Profitabilitas yang diproksikan melalui Return on Equity (ROE) berpengaruh terhadap nilai perusahaan, Struktur modal yang diproksikan melalui Long-term Debt to Equity Ratio (LtDER) tidak berpengaruh terhadap nilai perusahaan, kebijakan dividen yang diproksikan melalui Dividen Payout Ratio (DPR) tidak berpengaruh, pertumbuhan perusahaan yang diproksikan melalui Growth Ratio tidak berpengaruh terhadap nilai perusahaan.
PENGARUH STRUKTUR MODAL, KEBIJAKAN DIVIDEN, DAN PROFITABILITAS, TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SUB SEKTOR BATU BARA PERIODE 2017-2023 Latifatun Hasanah; Sri Hasnawati
Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi Vol. 2 No. 7 (2024): Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi
Publisher : Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi

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

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh profitabilitas, struktur modal, dan kebijakan dividen berpengaruh terhadap nilai perusahaan subsektor batu bara yang terdaftar di Bursa Efek Indonesia periode 2017-2023. Penelitian ini memiliki sampel sebanyak 10 perusahaan dengan total data sebanyak 70 data. Perhitungan menggunakan model analisis data panel yang menggunakan software Eviews 12. Berdasarkan perhitungan secara statistik serta pembahasan pada bab sebelumnya, maka dapat ditarik kesimpulan sebagai berikut. Struktur modal yang diproksikan melalui Long-term Debt to Equity Ratio (LtDER), tidak berpengaruh terhadap nilai perusahaan, kebijakan dividen yang diproksikan melalui Dividen Payout Ratio (DPR) berpengaruh positif terhadap nilai perusahaan, Profitabilitas yang diproksikan melalui Return on Equity (ROE) berpengaruh positif terhadap nilai perusahaan
Kegiatan Pendampingan dalam Meningkatkan Penjualan Pada Badan BUMDES Barokah Kecamatan Gadingrejo Kabupaten Pringsewu Eliza Delicia; Dwi Asri Siti Ambarwati; Nindytia Puspitasari Dalimunthe; Sri Hasnawati; Aida Sari
SAFARI :Jurnal Pengabdian Masyarakat Indonesia Vol. 3 No. 4 (2023): Oktober: Jurnal Pengabdian Masyarakat Indonesia
Publisher : BADAN PENERBIT STIEPARI PRESS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56910/safari.v3i4.929

Abstract

Bumdes Barokah is a village business entity that operates in the business of selling goats. Since April 2021, BUMDes Barokah has experienced difficulties in generating income. This causes BUMDes Barokah not to run as expected so there was a need for a business strategy so that business activities at BUMDes could develop and BUMDes could achieve the desired results. The aim of this activity is to assist BUMDES in finding and implementing the right business strategy to increase sales. The technique used to find the right business strategy is by using SWOT analysis and the Business Model Canvas (BMC). The results of the SWOT analysis found that sales outside of holidays were low and there were competitors who could threaten the BUMDes goat sales business. It is hoped that the results of this activity can be an input for BUMDes in terms of business strategies to increase sales at BUMDes Barokah.
The Influence of Financial Literacy and Risk Tolerance on Student Investment Decisions with Demographic Factors as Moderating Variables Anindya, Camelia Nur; Hasnawati, Sri
International Journal Of Education, Social Studies, And Management (IJESSM) Vol. 4 No. 2 (2024): The International Journal of Education, Social Studies, and Management (IJESSM)
Publisher : LPPPIPublishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52121/ijessm.v4i2.369

Abstract

This research explores how Financial Literacy and Risk Tolerance affect Investment Decisions, with a particular focus on the role of demographic factors such as Gender and Income as moderating variables. In this study, Financial Literacy and Risk Tolerance are examined as independent variables, while Investment Decision is the dependent variable. The sample for this study comprises 120 respondents, all of whom are students with experience in stock investments. These respondents were selected using a convenience sampling method. The analysis of the data reveals that both Financial Literacy and Risk Tolerance have a significant impact on Investment Decisions made by students. However, the study finds that demographic factors such as Gender and Income do not act as moderators in the relationship between Financial Literacy and Investment Decisions. Similarly, these demographic factors do not moderate the effect of Risk Tolerance on the students' investment decisions. The purpose of this study is to offer insights that could aid in the development of more targeted and effective financial education programs. By understanding the direct influence of Financial Literacy and Risk Tolerance on investment choices and recognizing the non-moderating role of Gender and Income, the study aims to enhance strategies that promote investment participation among students.