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Journal : Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi

PENGARUH KEPEMILIKAN INSTITUSIONAL, PERTUMBUHAN ASET DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN DIVIDEN SEBAGAI INTERVENING VARIABLE (STUDI PADA PERUSAHAAN LQ-45 YANG TERDAFTAR DI BEI PERIODE 2009-2013) Ningsih, Endang Setya; Efni, Yulia; Halim, Edyanus Herman
Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi Vol 2, No 1 (2015): Wisuda Februari 2015
Publisher : Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi

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Abstract

This study aims to know the effect of institutional ownership directly and indirectly, asset growth and profitability mediated by the dividend policy to firm value in the LQ-45 companies listed in Indonesia Stock Exchange in the period of 2009-2013.There were 45 companies in this study that become the population LQ-45 and the sample consisting of 20 companies with the number N of data as much as 100. The sampling technique is based porposive sampling. Analysis of the data use descriptive analysis and path analysis. The founding indicates that institutional ownership has no significant effect on dividend policy directly, asset growth does not effect significant to the direct dividend policy, the profitability brings significant effect to firm value directly, institutional ownership has no significant effect on firm value directly. In addition, Asset growth does not significantly influence to the value of the company directly, profitability effects significantly to the value of the company directly and then dividend policy effects significantly to the firm value directly. This means that the dividend policy is only able to mediate the relationship between profitability on firm value.Keywords: institutional ownership, asset growth, profitability, dividend policy and firm value.
PENGARUH GOOD CORPORATE GOVERNANCE, PROFITABILITAS DAN UKURAN PERUSAHAAN TERHADAP FINANCIAL PERFORMANCE DENGAN SUSTAINABILITY REPORT SEBAGAI VARIABEL INTERVENING (Studi pada Perusahaan Manufaktur yang Go Public yang Terdaftar di BEI Periode 2013-2015) Saputra, Ardiyansyah Eka; Halim, Edyanus Herman; Haryetti, Haryetti
Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi Vol 4, No 1 (2017): Wisuda Februari
Publisher : Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi

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Abstract

This study aims to determine the effect of Good Corporate Governance (GCG), profitability (ROE) and Company Size (SIZE) of the Financial Performance by the Sustainability Report as an intervening variable. Endogenous variable in this study is the Sustainability Report and Financial Performance, while variable eksogenous is Good Corporate Governance, Profitability and Company Size. The population in this research is manufacturing companies listed in Indonesia Stock Exchange (IDX) in the period from 2013 to 2015 as many as 137 companies. By using purposive sampling technique samples that meet the criteria of 75 companies. Data processing using path analysis. The results showed that the variables of good corporate governance and significant positive effect on the sustainability report and the profitability of positive and significant impact on financial performance. Meanwhile, profitability and significant negative effect on the variable sustainability report. For further research using more accurate data with the amount of data more and with a longer time span. Besides analyzing the variables sustainability report on all aspects: social, economic, and environmental. In addition, by using the method and test equipment more complete and accurate so as to obtain a more valid conclusions.Keywords : Good Corporate Governance, profitability, firm size, Sustainability Report, and Financial Performance
PENGARUH TATA KELOLA PERUSAHAAN DAN KESEMPATAN INVESTASI TERHADAP BIAYA HUTANG DAN STRUKTUR MODAL (Studi Empiris pada Perusahaan Industri Infrastruktur yang Terdaftar di Bursa Efek Indonesia Tahun 2011-2016) Fazilla, Umi; Halim, Edyanus Herman; Fathoni, Ahmad Fauzan
Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi Vol 1, No 1 (2018): Wisuda Februari 2018
Publisher : Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi

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Abstract

This study is motivated by many inconsistencies of previous research and the lack of related research conducted on the industrial infrastructure firms. This study aims to analyze the effect of good corporate governance (GCG) and investment opportunity set (IOS) towards cost of debt (COD) and capital structure (DER). Path analyze was used to analyze data. Using 22 sample of industrial infrastructure companies listed in Indonesia Stock Exchange from 2011-2016, the result showed that good corporate governance had a negative and not significant impact toward cost of debt, however investment opportunity set had a negative and significant impact toward cost of debt. Good corporate governance had a positive and not significant impact toward capital structure (DER), however investment opportunity set had a positive and significant impact toward capital structure (DER). Furthermore this study found that cost of debt did not intervene the effect of good corporate governance and investment opportunity set toward capital structure (DER).Key Words : Good corporate governance (GCG), investment opportunity set (IOS), cost of debt (COD), capital structure (DER).
ANALISIS PENGARUH KINERJA KEUANGAN, GOOD CORPORATE GOVERNANCE, KURS DAN INFLASI TERHADAP KEMUNGKINAN FINANCIAL DISTRESS STUDI EMPIRIS PADA PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI DASAR KIMIA PERIODE 2013-2017 Zamzami Rizky Rian; Halim Herman Edyanus; Efni Yulia
Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi Vol 7, No 2 (2020): (Juli - Desember 2020)
Publisher : Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi

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Abstract

This study aims to determine the effect of financial performance proxied by profitability, solvability and activity ratio.Good corporate governance, exchange rates and inflation to financial distress in manufacturing companies basic industry chemical sector listed on Indonesia Stock Exchange for the period 2013-2017. The population in this study amounted to 65 manufacture companies listed on the Indonesian Stock Exchange with sampling techniques using purposive sampling obtained by 40 companies.The analytical method used is regression logistic analysis with process using SPSS Version 25. The results show that Profitability has a positive and significant effect on financial distress, Solvability does not have a positive significant effect on financial distress, Activity ratio does not have a positive significant effect on financial distress, Good Corporate Governance does not have a positive significant effect on financial distress, Exchange Rate does not have a positive significant effect on financial distress, Inflation does not have a negative significant effect on financial distressKeywords : Financial Performance, Good Corporate Governance, Exchange Rate, Inflation and Financial Distress.
PENGARUH PENGUMUMAN DIVIDEN TERHADAP ABNORMAL RETURN DAN LIKUIDITAS SAHAM PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA (STUDY KASUS KELOMPOK PERUSAHAAN LQ-45 PERIODE FEBRUARI SAMPAI JULI 2013) Surya Aji Sambodo; Yulia Efni; Edyanus Herman Halim
Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi Vol 2, No 1 (2015): Wisuda Februari 2015
Publisher : Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi

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The purpose of this research to determine the difference abnormal return and liquidity of shares before and after the announcement of the dividend on the company group LQ-45 period February to July 2013. This research was conducted by using a population that LQ-45 period from February to July 2013 with a sample of 43 companies that conduct is declared in the period 2009-20012 in Indonesia Stock Exchange (IDX). While the analysis tool used is One sample T-test and paired sample t-test. From the results of the testing that has been done, it is evident that in the aggregate showed that there was no significant difference between the abnormal returns before and after the dividend announcement. Likewise, trading volume activity showed that no significant difference between the average abnormal volume before and the average abnormal volume after announcement.Keywords: Dividen annoucement, Average Abnormal Return, Average trading volume activity
Pengaruh mekanisme good corporate governance dan financial distress terhadap earning management (Studi empiris pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia) Dewi Arum Sari; Edyanus Herman Halim; Ahmad Fauzan Fathoni
Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi Vol 1, No 1 (2014): Wisuda Februari Tahun 2014
Publisher : Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi

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Abstract

This study aims to determine the effect of corporate governance mechanisms and financial distress on earnings management in manufacturing companies listed in Indonesia Stock Exchange (BEI) in the year 2009-2011. Variables tested in this study consists of institutional ownership, managerial ownership, the proportion of independent board, audit committee, financial distress and earnings management.This study used purposive sampling technique, the sample of 119 companies selected from 131 companies. In this study using regression analysis and descriptive statistics for the analysis of the data with the help of the program eviews 6.0.The analysis shows that institutional ownership, managerial ownership, the proportion of independent board no significant positive effect on earnings management. While the audit committee and financial distress significant negative effect on earnings management.Keywords: Institutional Ownership, Managerial Ownership, Board proportion Independent Commissioner, Audit Committee, Financial Distress and Earnings Management.
FAKTOR-FAKTOR YANG MEMPENGARUHI TINGKAT RISIKO REKSADANA SAHAM Nia Andriyani Ningsih; Yulia Efni; Edyanus Herman Halim
Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi Vol 2, No 1 (2015): Wisuda Februari 2015
Publisher : Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi

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The purpose of this research is to inflation, ihsg, tingkat suku bunga take the influence risk mutual fund companies stock price in Bapepam-LK on 2009-2012. Sampling this researce are quantified by using purposive sampling method and the criterias spesifically based only on 36 companies.Hypothesises in this researce are tested by using analysis. From the result, inflation have significant influences risk mutual fund, ihsg, and tingkat suku bunga didn’t give either significant and positive influence to risk mual fund, R square in this research show on 0.325 which mean that the variation of risk mutual fund can be explained inflation, ihsg, tingkat suku bunga in amount of 32.5% while the remaining influence is determined by another variable outside this research.Keywords: risk mutual fund, inflation, ihsg , risk free rate
PENGARUH KEPEMILIKAN INSTITUSIONAL DAN LEVERAGE TERHADAP KEBIJAKAN DIVIDEN DENGAN FREE CASH FLOW SEBAGAI VARIABEL MODERASI PADA PERUSAHAAN MANUFAKTUR DI BEI PERIODE 2011-2015 Hairun Nisa; Edyanus Herman Halim; Haryetti '
Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi Vol 4, No 1 (2017): Wisuda Februari
Publisher : Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi

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This study aims to determine the effect of Institutional Ownership and Leverage (DER) of the Dividend Policy (DPR) by the Free Cash Flow as a moderating variable. The population in this research is manufacturing companies listed in Indonesia Stock Exchange (BEI) in the period 2011-2015. The dependent variable in this study is the dividend policy (DPR), while the independent variable is institutional ownership and leverage (DER). This study has a population of 137 companies in the manufacturing companies listed in Indonesia Stock Exchange 2011-2015 period. This study using purposive sampling techniques and sample that meets as many as 44 companies. Data processing method using multiple regression analysis and regression moderation. 21:00 SPSS software version. The results showed that the variables Institutional Ownership, Leverage, and Free Cash Flow simultaneously significant effect on Dividend Policy. While partially, variable Institutional Ownership significant negative effect on Dividend Policy, Leverage has no effect and no significant effect on Dividend Policy, Free Cash Flow to moderate the relationship Institutional Ownership Dividend Policy and Free Cash Flow are not moderate the relationship Leverage the Dividend Policy.Keywords: Dividend Policy (DPR), Institutional Ownership, Leverage (DER), and Free Cash Flow.
PENGARUH RATING OBLIGASI DAN UKURAN PERUSAHAAN TERHADAP STRUKTUR MODAL DENGAN DEBT TAXSHIELD SEBAGAI VARIABEL MODERASI DI PERUSAHAAN-PERUSAHAAN MANUFAKTUR YANG LISTING DI BEI TAHUN 2011-2015 Maisyaroh Maisyaroh; Edyanus Herman Halim; Rendra Wasnury
Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi Vol 4, No 2 (2017): Wisuda Oktober 2017
Publisher : Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi

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This study aims to analyze Debt Tax Shield moderate the influence of bond rating on capital structure. The population in this study is a manufacturing company listed on the Indonesia Stock Exchange (BEI) period of 2011-2015. Dependent variable in this research is capital structure measured by Debt to Equity Ratio (DER), while independent variable is bond rating and firm size and moderation variable is Debt taxshield. This study has a population of 137 companies in manufacturing companies listed on the Indonesia Stock Exchange period 2011-2015. This research uses purposive sampling technique and sample which fulfill as many as 44 companies. The method of data processing using multiple regression analysis and regression of moderation. SPSS software version 21.00. The result of the research shows that the variable of bond rating has a significant positive effect to the capital structure in the manufacturing company for the period of 2011-2015. The size of the company has a significant positive effect on capital structure in the manufacturing company for the period of 2011- 2015. Debt Tax Shield does not moderate the bond rating relationship to the capital structure and is insignificant as well as with the positive variable value in the manufacturing company for the 2011-2015 period. Debt Tax Shield moderates the firm size relation to the capital structure and is significant and with the negative variable value in the manufacturing company for the period of 2011- 2015.Keywords : Bond rating, Company size, Debt Tax Shield, capital structure
PENGARUH LIKUIDITAS OBLIGASI, JANGKA WAKTU JATUH TEMPO, DAN KUPON OBLIGASI TERHADAP PERUBAHAN HARGA OBLIGASI KORPORASI DENGAN RATING OBLIGASI SEBAGAI VARIABEL MODERATING PADA OBLIGASI KORPORASI DI BURSA EFEK INDONESIA. Teti Indriyanti; Andewi Rokhmawati; Edyanus Herman Halim
Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi Vol 1, No 1 (2018): Wisuda Februari 2018
Publisher : Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi

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This research aims to analyze the effect of Bond Liquidity (BL), Term Maturity (TM), Bond Coupon (BC) on Bond Price Changes are moderated by Bond Rating (BR). This reseacrh was conducted on companies that issue corporate bonds on the Indonesian Stock Exchange in year 2012 – 2015. This research uses the secondary data obtained from ICAMEL, IBPA, BEI. The total sample took as many as 33 corporate bonds, by using purposive sampling method. The method of processing data uses multiple regression analysis method and regression of moderation with SPSS version 21.0 Software. Based on the result of analysis showed that bond liquidity and term maturity have negative effect and significant to change of corporate bond price. The bond rating strengthens the effect of liquidity and maturity on changes in corporate bond prices. The bond coupon has no effect on changes in corporate bond prices and the bond rating does not moderate the bond coupon on changes in the price of corporate bonds.Keyword : Bond Liquidity, Term Maturity, Bond Coupon, Bond Price Changes, and Bond Rating