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Moderasi Kepemilikan Institusional terhadap Pengaruh Karakteristik Keuangan pada Dividen Tunai Putra, Budi Kirana; Hasnawati, Sri; Hendrawaty, Ernie
COMSERVA : Jurnal Penelitian dan Pengabdian Masyarakat Vol. 5 No. 1 (2025): COMSERVA: Jurnal Penelitian dan Pengabdian Masyarakat
Publisher : Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/comserva.v5i1.3133

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh karakteristik keuangan yang meliputi profitabilitas, likuiditas, leverage, arus kas bebas, dan ukuran perusahaan terhadap kebijakan pembayaran dividen pada perusahaan manufaktur di Indonesia, dengan mempertimbangkan peran moderasi kepemilikan institusional dalam kerangka teori keagenan. Studi ini menggunakan pendekatan kuantitatif berbasis data panel dari 85 perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia selama periode 2010–2021. Analisis dilakukan menggunakan Moderated Regression Analysis (MRA) dengan pendekatan Fixed Effect Model (FEM), serta pengujian asumsi klasik untuk memastikan validitas model. Hasil penelitian menunjukkan bahwa likuiditas dan ukuran perusahaan berpengaruh positif signifikan terhadap pembayaran dividen, sementara profitabilitas, leverage, dan arus kas bebas tidak berpengaruh signifikan. Kepemilikan institusional hanya memoderasi hubungan antara likuiditas dan ukuran perusahaan terhadap dividen, namun tidak pada variabel lainnya. Penelitian ini berkontribusi dalam memperkaya literatur terkait peran ganda kepemilikan institusional sebagai mekanisme pengawasan eksternal pada pasar berkembang, serta memperjelas kompleksitas determinan kebijakan dividen di sektor manufaktur. Implikasi kebijakan yang diusulkan mencakup pentingnya memperhatikan faktor likuiditas dan skala perusahaan dalam merancang kebijakan dividen, serta mengoptimalkan kepemilikan institusional sebagai alat mitigasi konflik keagenan. Penelitian lanjutan disarankan untuk memasukkan variabel non-keuangan dan analisis lintas sektor guna memperluas generalisasi temuan.
Effect of Free Float and Volatility on Stock Liquidity in Indonesia Stock Exchange VIRATAMA, Dimaz Irja; HASNAWATI, Sri; HENDRAWATI, Ernie
International Journal of Environmental, Sustainability, and Social Science Vol. 5 No. 2 (2024): International Journal of Environmental, Sustainability, and Social Science (Mar
Publisher : PT Keberlanjutan Strategis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38142/ijesss.v5i2.352

Abstract

Liquidity is one of the important things in investing in the stock market. The Indonesia Stock Exchange as a regulator makes and establishes regulations in the capital market to conduct trading in an orderly, fair and efficient manner. One of the amended provisions in the regulation is regarding the free float or the percentage of the number of shares outstanding in the public with the aim of increasing the liquidity of the listed shares. In addition to free float, the risk in investing also needs to be considered. Behind a high return there is a high risk as well. High risk in the volatility of stock returns. High volatility attracts investors to invest in the stock market. Investors with risk-taking tendencies prefer this high-volatility condition because it allows them to earn higher returns, thereby increasing liquidity through the trading volume of these shares. This study involves a number of control variables that together determine market liquidity, namely Stock Return, Firm Size and Stock Price. The analysis was carried out on property and construction sector companies listed in the 2016-2020 period. The analytical method used is multiple linear regression analysis using the E-Views 10 application. The results of the analysis found that free float and volatility have a positive effect on stock liquidity, either by including or including control variables. These results indicate that information about free float and volatility is a consideration in capital market investment decisions
ANALISIS OVERREACTION HYPOTHESIS PADA HARGA SAHAM Radiyanti, Eka; Hasnawati, Sri
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
RESPON PASAR TERHADAP PENGUNGKAPAN SUSTAINABILITY REPORT PADA PERUSAHAAN TERINDEKS SRI-KEHATI Humaira, Alika; Hasnawati, Sri
Jurnal Bisnis dan Manajemen (JBM) JBM Vol 20 (2024): 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.v20i3.2459

Abstract

The sustainability report represents the development of the sustainability concept and commitment to achieving the United Nations’ SDGs performed by companies. One of the institutions that contribute to enhancing the implementation of the sustainability concept in Indonesia is the Yayasan Kehati, with one of its stock indices named SRI-KEHATI, which is well-known among Indonesian investors. This research examines the effect of the disclosure of economic, environmental, and social indicators in the sustainability report on the company’s market performance. The population of this study is companies listed on the Indonesia Stock Exchange and included in the SRI-KEHATI index from 2018 to 2022, with a sample collection of 12 companies using purposive sampling techniques. Using multiple linear regression for panel data and the Eviews data processing software, this research finds that economic and environmental indicators in the sustainability report positively affect market performance, while social indicators in the sustainability report negatively impact market performance. This research indicates that the sustainability report influences investors’ decision-making and successfully impacts the company’s market performance. Keywords: Sustainability; Disclosure; Performance; Investor response Abstrak Sustainability report merupakan wujud dari perkembangan konsep sustainability dan komitmen mencapai SDGs PBB yang dilakukan oleh perusahaan. Salah satu instansi yang ikut andil meningkatkan implementasi konsep sustainability di Indonesia adalah Yayasan Kehati dengan salah satu indeks sahamnya yang bernama SRI-KEHATI dan sudah cukup dikenal oleh investor Indonesia. Penelitian ini menguji pengaruh pengungkapan indikator ekonomi, lingkungan, dan sosial sustainability report terhadap performa pasar perusahaan. Populasi penelitian ini adalah perusahaan yang terdaftar di Bursa Efek Indonesia dan termasuk dalam indeks SRI-KEHATI pada tahun 2018 hingga 2022 dan pengambilan sampel sebanyak 12 perusahaan dengan menggunakan teknik purposive sampling. Dengan menggunakan regresi linier berganda untuk data panel dan menggunakan software pengolah data berupa Eviews, penelitian ini menemukan bahwa indikator ekonomi dan lingkungan dalam sustainability report mempengaruhi performa pasar secara positif, sedangkan indikator sosial dalam sustainability report berpengaruh negatif pada performa pasar. Penelitian ini menunjukkan bahwa pengambilan keputusan investor terpengaruh oleh sustainability report dan berhasil memberikan pengaruh bagi performa pasar perusahaan. Kata Kunci: Sustainability, Pengungkapan, Performa, Respon Investor
PAPER WASTE MANAGEMENT DI DESA BUMI NABUNG SEBAGAI TUJUAN SDGs DESA “DESA EKONOMI TUMBUH MERATA” Dalimunthe, Nindytia Puspitasari; Mutiasari Nur Wulan; Sri Hasnawati; Dwi Asri Siti Ambarwati
BEGAWI : Jurnal Pengabdian Kepada Masyarakat Vol. 2 No. 1 (2024): Volume 2 - Nomor 1 - Januari 2024
Publisher : Faculty of Economics and Business Lampung University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23960/begawi.v2i1.34

Abstract

Abstract : Purpose: Village SDGs goal number 2: Village economic growth evenly includes: Village SDGs 8: Village economic growth is even; Village SDGs 9: Village infrastructure and innovation according to needs; Village SDGs 10: villages without gaps; and Village SDGs 12: environmentally conscious Village consumption and production will be the focus of this service activity. Environmental problems are still a concern for environmentalists, the government and the wider community. One of the environmental problems is related to waste, namely the large amount of paper waste that has not been utilized. Implementing paper waste management by making recycled paper products that can be used to achieve the SDGs goals, such as for making notes or as a basic material for printing invitation paper, can be a village program to realize these goals. This training activity aims to increase awareness and skills of residents Bumi Nabung District, Central Lampung in processing paper waste into goods that have economic value Methodology/approach: This activity was carried out at Bumi Nabung using lecture and discussion methods. The participants in this activity are teachers so that these skills can be taught to students. Results/findings: Participants were given training in the form of making recycled paper using unused paper by providing counseling through videos on making recycled paper. Participants watched the demo with great enthusiasm. Conclusion: these skills can be applied not only to reduce paper waste but also as a source of income by selling recycled paper.
The Effect Of Corporate Governance, Derivative Hedging, And Risk Governance On Company Value In Manufacturing Companies Listed On The Indonesia Stock Exchange In 2018-2022 Kern Rahman Maulana Asnawi Putra; Mahatma Kufepaksi; Sri Hasnawati
International Journal of Economics, Business and Innovation Research Vol. 5 No. 01 (2026): December - January, International Journal of Economics, Business and Innovatio
Publisher : Cita konsultindo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63922/ijebir.v5i01.2620

Abstract

This study aims to analyze the effect of Corporate Governance, Derivative Hedging, and Risk Governance on firm value in manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the period 2018–2022. The research is based on the importance of corporate governance, hedging strategies, and risk management as factors that can influence investor perception and enhance firm value. The study population consisted of 225 manufacturing companies listed on the IDX, and through purposive sampling, 45 companies were selected as samples that met the criteria. Secondary data were obtained from annual reports and analyzed using EViews software. The results indicate that Good Corporate Governance (GCG) has a positive coefficient, but does not have a significant effect on firm value. Derivative hedging also shows a positive relationship, however it is not significant in increasing firm value. Furthermore, Risk Governance is found to have no significant effect on firm value, suggesting that the risk management practices disclosed by companies have not provided a substantial impact on enhancing firm value. These findings emphasize that the three variables have not become primary determinants in shaping the firm value of manufacturing companies listed on the IDX during the study period.