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Diversivikasi Usaha dan Struktur Modal Wisudanto Wisudanto; Sugiarto Sugiarto
Jurnal Manajemen dan Bisnis Indonesia Vol 2 No 1 (2014): Jurnal Manajemen Bisnis Indonesia - Edisi Oktober 2014
Publisher : Forum Manajemen Indonesia (FMI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31843/jmbi.v2i1.42

Abstract

Keputusan strategi dalam beberapa literatur berpengaruh terhadap kinerja ekonomis perusahaan, salah satu keputusan strategi yang diambil perusahaan adalah diversifikasi.Diversifikasi yang konsisten dengan coinsurance effectdapat meningkatkan kapasitas utang, mengurangi resiko kebangkrutan, meningkatkan penyebaran aset, dan profitabilitas. Penelitian inibertujuan mengetahui pengaruh diversifikasi perusahaan terhadap struktur modal. Diversifikasi perusahaan diukur dengan menggunakan Jacquemin-Berry Entropy Index, sementara struktur modal diukur dengan long term debt to equity ratio.Penelitian ini dilakukan pada24perusahaan (bukan sektor keuangan) yang termasuk dalam daftar LQ45 yang melakukan diversifikasi.Hasil penelitian ini menunjukkan adanya pengaruh positif antara diversifikasi terhadap struktur modal perusahaan.Pengaruh diversifikasi terhadap struktur modal menguatkan pendapat bahwa keputusan strategi berpengaruh terhadap kinerja ekonomis kususnya kinerja keuangan perusahaan. Kata kunci: Diversifikasi usaha, Coinsurance Effect, Struktur Modal.
Aplikasi Teknik Sistem Intensifikasi Potensi Lokal (Siplo) dan CaCl2Terhadap Kualitas dan Hasil Produksi Tanaman Selada (Lactuca Sativa L.) Mohammad Fadli; Siti Asmaniyah Mardiyani; Sugiarto Sugiarto
Folium : Jurnal Ilmu Pertanian Vol 2, No 2 (2018): Folium : Jurnal Ilmu Pertanian
Publisher : Universitas Islam Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (650.321 KB) | DOI: 10.33474/folium.v2i2.1006

Abstract

Selada (Lactuca sativa L) merupakan salah satu komoditas hortikultura yang memiliki prospek dan nilai komersial yang cukup baik. Penelitian ini bertujuan untuk meningkatkan produktifitas dan kualitas tanaman selada dengan mengkombinasikan berbagai interval induksi aplikasi Sistem Intensifikasi Potensi Lokal (SIPLO)  dan larutan CaCl2. Data yang diamati dianalisis menggunakan uji F dengan taraf signifikan 5%, jika terdapat pengaruh yang nyata maka dilakukan uji lanjut menggunakan uji Duncan (DMRT) pada taraf 5%. Uji regresi dilakukan untuk menentukan tingkat dosis optimum interval aplikasi SIPLO. Hasil analisis menunjukkan bahwa secara terpisah perlakuan aplikasi larutan CaCl2 konsentrasi 2% memberikan hasil terbaik pada variabel pertumbuhan (tinggi tanaman dan luas daun). Hasil berat ekonomis terbaik terdapat pada kombinasi perlakuan Interval induksi aplikasi SIPLO 5 hari sekali dan tanpa aplikasi larutan CaCl2. Kombinasi interval aplikasi SIPLO dan aplikasi larutan CaCl2 memberikan hasil kadar air terbaik pada perlakuan interval aplikasi SIPLO 3 hari dan aplikasi larutan CaCl2 konsentrasi 2%).Keyword: Selada, SIPLO, larutan CaCl2, Lactuca sativa L
Respon Dua Varietas Tanaman Kentang (Solanum tuerosum L.) Terhadap Aplikasi Pupuk Majemuk NPK Dian Nitami Quraisyin; Sugiarto Sugiarto; Nurhidayati Nurhidayati
Folium : Jurnal Ilmu Pertanian Vol 4, No 1 (2020): Folium : Jurnal Ilmu Pertanian
Publisher : Universitas Islam Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (346.688 KB) | DOI: 10.33474/folium.v4i1.5080

Abstract

Demand for potatoes from time to time is increasing. Therefore it is necessary to increase the productivity of potatoes through appropriate cultivation techniques especially in new potato varieties. This study aims to determine the effect of NPK (16:16:16) fertilizer dosage on the growth and yield of two potato varieties in the highlands.The design used was factorial Randomized Block Design (RAK) using 2 factors. The first factor was the aplication of NPK fertilizer with 3 levels, namely P0 = without fertilizer, P1 = 400 kg fertilizer NPK ha-1  and P2 = 800 kg NPK fertilizer ha-1. The second factor is the type of variety with 2 levels, V1 = Granola L and V2 = Granolla Arjuno. Of these two factors, there were six treatment, Each treatment was repeated 3 times. There are two observed variables which are growth variables (plant height, number of stems, number of leaves and stem diameter) and yield variables (number of tubers,  weight of , tuber per plot and per hectare). The data collected was analyzed based on F Test at the level of 5% and LSD test 5%. The results showed that the best plant growth was Granolla Arjuno variety with a dose of NPK fertilizer 400 kg ha-1 (P1V2). While the treatment that gives the highest results is Granolla Arjuno variety with a dose of N-P-K fertilizer 400 kg ha-1 (P1V2)
Pengaruh Intensitas Bunyi terhadap Pembukaan Stomata, Pertumbuhan dan Hasil Kedelai (Glycine Max (L.) Merril) Melalui Aplikasi Sonic Bloom Istirochah Pujiwati; Sugiarto Sugiarto
Folium : Jurnal Ilmu Pertanian Vol 2, No 2 (2018): Folium : Jurnal Ilmu Pertanian
Publisher : Universitas Islam Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (475.787 KB) | DOI: 10.33474/folium.v2i2.1014

Abstract

Tujuan penelitian untuk mengetahui pengaruh gelombang suara dengan berbagai level intensitas bunyi terhadap pembukaan stomata, pertumbuhan dan hasil kedelai. Penelitian dilaksanakan di kebun percobaan Fakultas Pertanian Universitas Brawijaya Malang dan Laboratorium Terpadu Fakultas Pertanian Universitas Islam Malang. Percobaan menggunakan rancangan acak kelompok (RAK) dengan perlakuan A0: tanpa pemaparan bunyi (kontrol), A50: intensitas bunyi 50 dB (desibel), A80: intensitas bunyi 80 dB dan A110: intensitas bunyi 110 dB. Hasil penelitian menunjukkan bahwa pemaparan gelombang suara dengan intensitas bunyi 50 dB dan 80 dB memberikan rata-rata lebar stomata terbesar masing-masing sebesar 4,79 μm dan 4,96 μm pada umur tanaman 30 hari setelah tanam (HST). Jumlah dan luas daun terbesar ditemukan pada perlakuan intensitas bunyi 50 dan 110 dB. Perlakuan intensitas bunyi 50 dB memberikan bobot kering biji tanaman tertinggi yaitu sebesar 14,80 g tanaman-1. Intensitas bunyi 80 dB menghasilkan laju pertumbuhan relatif (LPR) terbesar yaitu 1,99 g g-1 hari-1. Perlakuan intensitas bunyi mampu meningkatkan pembukaan stomata, pertumbuhan dan hasil tanaman kedelai dibandingkan kontrol. Untuk meningkatkan hasil tanaman kedelai varietas Anjasmoro yang menggunakan teknologi sonic bloom disarankan menggunakan intensitas bunyi 50 sampai 80 dB. Kata kunci: intensitas bunyi, kedelai, stomata, sonic bloom
Respon Pertumbuhan Tanaman Junggul (Crassocephalum crepidioides) terhadap Pemberian Berbagai Jenis Pupuk Kandang dan Kosentrasi Boron saniman saniman; Mahayu Woro Lestari; Sugiarto Sugiarto; Siti Asmaniyah
Folium : Jurnal Ilmu Pertanian Vol 3, No 2 (2019): Folium : Jurnal Ilmu Pertanian
Publisher : Universitas Islam Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (324.072 KB) | DOI: 10.33474/folium.v3i2.5086

Abstract

One of the medicinal plants known to the public is the superior plant (crassocephalum crepidioides). This plant is a shrub that grows wild in the tropics and sub-tropics. The aim of the study was to determine the interaction between the type of manure and the concentration of boron and the effect of manure and boron concentration on the growth and quality of crassocephalum crepidioides. The method used is factorial Randomized Block Design (RBD). Factor 1 is manure namely Po = No Fertilizer, P1 = Chicken Manure 50 gr/Polybag, P2 = Goat Manure 50 gr/Polybag and P3 = Cow Manure 50 gr/Polybaq. The recommended dosage used is 20 tons / ha. Factor 2 is giving Boron namely Bo = No Boron, B1 = 50 ppm / L, B2 = 100 ppm / L and B3 = 150 ppm/L. Analysis of variance (Test F) with a level of 5% and a follow-up test with Honest Real Difference (BNJ) level of 5%. The results of the type of cow manure (P3) gave a significant effect on the number of branches (8.11 branches), leaf area (1810.08 cm2), and trimmed dry weight of tanman (9.57 g) for cow manure (P3) and ( 6.27 g) for goat manure (P3). The treatment of giving Boron does not show a significant difference in the growth and yield of juntung plants.
Kebijakan Struktur Modal : Penetapan Bersama Struktur Modal Perusahaan-perusahaan Terbuka Non Keuangan di Indonesia Yang Dikontrol keluarga Sugiarto Sugiarto
Ultima Management : Jurnal Ilmu Manajemen Vol 1 No 1 (2009): ULTIMA MANAGEMENT
Publisher : Universitas Multimedia Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (151.78 KB)

Abstract

Compared to non-family controlled firms, family controlled firms have a stronger desire to maintain control to protect their highly valuable private benefits of control and firmspecific human capital. With substantial wealth and human capital at risk, family owners tend to be more risk averse than non-family owners, and also have stronger intention to reduce the prospect of financial distress and bankruptcy. These unique characteristics of family firms potentially make their capital structure decisions different from those of nonfamily firms. Panel data from 137 publicly listed firms in Indonesia from 1996 to 2005 were used to investigate the impact of family control on capital structure decisions. This study found that the family firm’s capital structure follows a pattern which is aligned with Financial distress cost hypothesis (complement). Result indicates that family really put risk as consideration, while non-family firm’s capital structure follow a pattern which is aligned with the agency cost hypothesis (substitute). Further analyses using the simultaneous equations system support the argument that family firms in Indonesia use dividend, leverage, debt maturity and leasing interchangeably to reduce financial distress cost, while their non-family counterparts tend to employ capital structure decisions to reduce agency cost Key words: Family controlled firms, capital structure decisions, agency problem
Kebijakan Utang Jangka Panjang : Kajian Struktur Modal Entitas Terbuka Non Keuangan di Indonesia Yang Dikendalikan Keluarga Sugiarto Sugiarto
Ultima Management : Jurnal Ilmu Manajemen Vol 2 No 1 (2010): ULTIMA MANAGEMENT
Publisher : Universitas Multimedia Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1558.453 KB) | DOI: 10.31937/manajemen.v2i1.170

Abstract

Compared to non-family controlled firms, family controlled firms have a stronger desire to maintain control to protect their highly valuable private benefits of control and firm-specific human capital. With substantial wealth and human capital at risk, family owners tend to be more risk averse than non-family owners, and also have stronger intention to reduce the prospect of financial distress and bankruptcy. These unique characteristics of family firms potentially make their capital structure decisions different from those of non-family firms. Panel data from 137 publicly listed firms in Indonesia from 1996 to 2005 were used to investigate the impact of family control on capital structure, particularly on debt maturity decisions. Keywords: Family controlled firms, capital structure decisions, debt maturity
Komparasi Efektivitas Proksi-Proksi Kinerja Perusahaan Dalam Pengukuran Pengaruh Struktur Kepemilikan Dan Mekanisme Keagenan Pada Perusahaan Publik Di Indonesia Sugiarto Sugiarto; Augustinus Setiawan; Fongnawati Budhijono
Ultima Management : Jurnal Ilmu Manajemen Vol 3 No 1 (2011): ULTIMA MANAGEMENT
Publisher : Universitas Multimedia Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1460.937 KB) | DOI: 10.31937/manajemen.v3i1.174

Abstract

Pemisahan kepemilikan dan pengelolaan perusahaan1 menjadi isu yang penting bagi mekanisme Corporate Governance terlebih lebih berkaitan dengan permasalahan keagenan. Dalam pengertian teori keagenan, pemilik perusahaan (prinsipal) memberikan kewenangan pada pengelola (agent) untuk mengurus jalannya perusahaan serta mengambil keputusan untuk dan atas nama pemilik. Diasumsikan bahwa manusia akan memaksimalkan kepentingannya sendiri dan adanya informasi asimetrik, memungkinkan agen tidak melakukan tindakan yang terbaik bagi kepentingan prinsipal. Informasi asimetrik memungkinkan agen bertindak untuk keuntungan sendiri, dengan mengorbankan kepentingan pemilik. Prilaku agen yang melakukan tindakan untuk memaksimumkan kepentingan sendiri menjadi bagian penting yang harus dikendalikan. Dalam hal ini mekanisme Good Corporate Governance menjadi isu yang penting bagi manajemen modern karena secara normatif mampu menciptakan nilai perusahaan melalui kinerja yang berkesinambungan sebagai hasil dari pelaksanaan operasional manajemen secara tepat (Global Association of Risk Professionals, 2005: 173).
Pemberian Pupuk Organik Cair dari Limbah Cair Tahu Terhadap Pertumbuhan dan Hasil Kubis Bunga (Brassica oleraceae var botrytis L.) Annida Fitria Ma'ruf; Sugiarto Sugiarto; Rika Yayu Agustini
Jurnal Ilmiah Wahana Pendidikan Vol 7 No 6 (2021): Jurnal Ilmiah Wahana Pendidikan
Publisher : Peneliti.net

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (299.724 KB) | DOI: 10.5281/zenodo.5566294

Abstract

Abstract: To increase the amount of production of cauliflower can be done by developing flower cultivation in the lowlands and increasing input in the form of fertilizer. Inorganic fertilizer application of excess leads to reduced soil fertility. Organic fertilizer from tofu waste water can be used as an alternative to reduce the use of inorganic fertilizers. The aim of this study was to find out tofu waste water’s potency as organic liquid fertilizer by observing the optimal concentration for growth and yeild of cauliflower plant (Brassica oleraceae var.botrytis L.). The research method used was a single factor randomized block design (RAK), namely the concentration of POC with 6 treatments and repeated 4 times, A (control), B (POC 10%), C (POC 15%), D (POC 20%), E (25%), F (POC 30%). The results of experiment showed that the concentration of POC tofu waste water did not significantly affect the growth parameters. However, it had significant effect on the cauliflower yield parameters. The highest yields in the B treatment (POC 10%) give diameter of cauliflower (3,59 cm), the weight cauliflower with leaves (30,91 g), and weight cauliflower without leaves (25,41 g).
Convergence of Three Binomial Models into Black Scholes Model in Establishing Option Prices in Hongkong, India, and Indonesia Ikin Solihin; Sugiarto Sugiarto; Gracia Shinta S. Ugut; Edison Hulu
Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences Vol 4, No 3 (2021): Budapest International Research and Critics Institute August
Publisher : Budapest International Research and Critics University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33258/birci.v4i3.2426

Abstract

The establishment of option prices is one of the crucial aspects in derivative trade. Black-Scholes model (BSM) is one of the most popular models of option price establishment. The option exchanges such as CBOE, HKEX, and NSE use this model to determine the price options. Black-Scholes Model is modelled with stock price movement as a stochastic process. Another popular model is binomial model (BSM), originated from stock exchange movement model which divides interval time [0, T] into n equal length step. It holds several models to determine the value of up-move, down-move, and probability. Binomial model is categorised as Cox-Ross-Rubinstein, Jarrow-Rudd, and Leisen-Reimer. There are numerous literatures which discuss the relation between BM and BSM, including the convergence of binomial model and BSM. The former’s model which is often put side-by-side with BSM is Cox-Ross-Rubinstein. Even though this model is quite simple, it requires a lot, even thousands of steps to render Cox-Ross-Rubinstein to converge with BSM. It certainly takes a lot of time to calculate. Therefore, in this study, with limited steps, Jarrow-Rudd and Leisen-Reimer models are compared to BSM with the Cox-Ross-Rubinstein model. It aims to check on which binomial model is more convergent to BSM with limited steps in the same period. The data collected were secondary data from finance.yahoo.com. Judgemental sampling was used for technique sampling and several shares, with large market capitalization in Hongkong, India, and Indonesia are chosen. By calculating the MAFE error value from option price of BSM and BM, it is discovered that Leisen-Reimer with 101 steps is more convergent to BSM. 
Co-Authors Abdul Basit Abiyajid Bustami Abul Ainin Hapis achmad sidiq syafi'i Adeline Adeline adrian kurniawan Agung Pamungkas Agung Tyas Subekti Agus Faturokhman Agus Sugianto Akmal Hidayat Amalia Restu Damayanti Anggit Pratiwi Anggrika Riyanti Annida Fitria Ma'ruf Anton Yustiano Ari Probandari Atiek Sri Purwati August Munar Augustinus Setiawan Bambang Agus Pramuka Bambang Karnaen P Bambang Purwanto Bambang Setyobudi Irianto Budiyanti Wiboworini Cici Wuni Cut Mutiawati Denny Widhiyanuriyawan Dian Nitami Quraisyin Diffah Hanim Dita Wrisnijati Dona Primasari Dwi Atmoko Dwi Susilo Edison Sembiring Edy Victor Haryanto Sianturi Eka Prayitno Eko Wardoyo Elia Azizah Eni Endaryati Entianopa, Entianopa Erislan Erislan Erna Agustin Sukmandari Feri Nurjaya fita fatma pratama Fitri Rachmadhany Fitri Riyanti Fitriani Fitriani Fongnawati Budhijono Gracia S Ugut Gustiana Mega Anggita H. H. Subakir Harjono Harjono Hulu, Edison I Gede Wiwin Suyasa Ikin Solihin Ilham Ilham Indriasari, Ika Intan Herlina Islah Islah Istirochah Pujiwati jek managerxot Julia Ulfa M Kindi Muradi Lestari Maulana Lukman Hakim Lukman Hakim Lukman Hakim Lutfi Afifah Mahayu Woro Lestari Mangku Purnomo Matin Matin Melani Indah Saputri Melda Yenni Melissa Melissa Mohammad Arif Ali, Mohammad Arif Mohammad Fadli Mohammad Sholeh Muhammad Erwin Ashari Haryono Muhammad Isya Muhammad Muhammad Muhammad Wildan Fardian Nirmala Putri Maharani Setiakusuma Novi Arafita Novianty Novianty Nur Aini Haqiqi Nur Siska Nurafni Eltivia Nurhidayati Nurhidayati Nurul Adhilah Busmah oktavia maulani Panji Riyadi Peppy Herawati Poppy Dian I.K PUJI LESTARI Purnomo Purnomo Purwanto Purwanto Putri Sahara Harahap Rahma Anindita Ramadhan Ramadhan Rara Rahmadani Ilya Ray Octafian Renni Angraini Rezzy Eko Caraka Rianti, Winda Rika Rosnelly Rika Yayu Agustini Rilista Putri Amalia Rina Dewi Risda Sari ronald indra wahyudhi Rosmalia Rosmalia Royan Siagian Runi Asmaranto Sahri Sahri saniman saniman Sapta Eka Yanto Setiono Setiono Sifa Nur Awaliyah Siska Anggraeni Larasati Siti Aisyah Siti Asmaniyah Siti Asmaniyah Mardiyani Siti Baitul Mukarromah SITI MUSLIKAH Sofyan M. Saleh Sony Heru Priyatno Sudiyanto Sudiyanto Susi Soviana Suwito Suwito Swadia Gandhi Mahardika Taman Ginting, Taman Tantoro Harmono Tatang Surjana Taufik Nurhidayat TAUFIQ HIDAYAT Tejo Nugroho Tri Suyud Tri Yuli Pramana Triyono Rakhmadi Upik Kesumawati Hadi viki widiantoro Vina Raraswati Vivi Kumalasari Warigit Dri Atmoko Wisudanto Wisudanto Yudhi Andrian Yulanda Ansela Yuni Dame Ria Sinurat Yusfrini Desilva Asri Yusria Darma Yusuf Fuadi Zainal Arifin Hosein