Hermanto Hermanto
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PENGARUH PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI VARIABEL PEMODERASI PADA PERUSAHAAN SEKTOR PERTANIAN YANG TERDAFTAR DI BURSA EFEK INDONESIA Sigit Cahyono; Ni Ketut Surasni; Hermanto Hermanto
JMM UNRAM - MASTER OF MANAGEMENT JOURNAL Vol. 8 No. 4 (2019): JMM November 2019
Publisher : Master of Management, Mataram University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (387.47 KB) | DOI: 10.29303/jmm.v8i4.455

Abstract

This research aims to analyze the effect profitability to firm value with capital structure as moderating variable in agriculture companies listed on the Indonesia Stock Exchange (IDX). The dependent variable used is firm value (PBV), the independent variable is profitability (ROA), and capital structure (DER) as a moderating variable. The sampling technique was purposive sampling so that the number of samples obtained was 9 companies, with an observation period of 2014-2017. This type of research is associative causal. The analysis technique used in this study is panel date regression (common effect modell) using eviews, with a significant level of 5 percent. Descriptive statistics were also included which included average, median, minimum, maximum, and std. deviation. The results of this study indicate that profitability has a positive and significant effect on firm value and, capital structure is weaken on the relationship of profitability to firm value. Capital structure is a quasi moderating where as the effect of capital structure to firm’s value and the effect of capital structure interaction to firm’s value is also significant.Keywords: Profitability, Capital Structure, Firm Value
PENGARUH PROFITABILITAS TERHADAP RETURN SAHAM DENGAN STRUKTUR MODAL SEBAGAI VARIABEL PEMODERASI PADA PERUSAHAAN KOSMETIK DAN KEPERLUAN RUMAH TANGGA YANG TERDAFTAR DI BURSA EFEK INDONESIA Ni Nyoman Ayu Dewi Widiastini; Hermanto Hermanto; Siti Aisyah Hidayati
JMM UNRAM - MASTER OF MANAGEMENT JOURNAL Vol. 8 No. 4 (2019): JMM November 2019
Publisher : Master of Management, Mataram University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (355.864 KB) | DOI: 10.29303/jmm.v8i4.457

Abstract

This study aims to analyze the effect of profitability on stock returns with capital structure as a moderating variable in cosmetic and household needs companies listed on the Indonesia Stock Exchange (IDX). The data analysis technique in this study is inferential statistics (linear regression) using MRA, with a significant level of 5 percent using the SPSS program. The results of this study indicate that ROE has a positive and significant effect on stock returns. DER is not able to moderate the effect of ROE on stock returns in cosmetic companies and household needs for the 2011-2018 period.Keywords:ROE, Return Saham, DER
PENGARUH FIRM SIZE, FINANCIAL DISTRESS, DEBT LEVEL, DAN MANAGERIAL OWNERSHIP TERHADAP KEPUTUSAN HEDGING PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA Husna Anniyati; Hermanto Hermanto; Siti Aisyah Hidayati
JMM UNRAM - MASTER OF MANAGEMENT JOURNAL Vol. 9 No. 1 (2020): JMM Maret 2020
Publisher : Master of Management, Mataram University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (402.721 KB) | DOI: 10.29303/jmm.v9i1.484

Abstract

This study aims to analyze the influence of firm size, financial distress, debt level, and managerial ownership on hedging decisions on manufacturing companies listed on the Indonesia Stock Exchange. This type of research is associative-causality research. The population of this research is all the go pubic manufacturing companies on the Indonesia Stock Exchange, which are 170 companies. The number of samples used was 81 companies, which were taken using a purposive sampling method. Data collection techniques use documentation techniques obtained from the annual financial statements of manufacturing companies. The data analysis technique uses the logistic regression analysis method. The results of data analysis show that: (1) firm size and managerial ownership variables have a positive and significant effect on hedging decisions and (2) financial distress and debt levels have a negative and insignificant effect on hedging decisions.Keywords:hedging, firm size, financial distress, debt level, managerial ownership
KAJIAN DAMPAK KEPEMIMPINAN DAN BUDAYA ORGANISASI TERHADAP KNOWLEDGE SHARING DI PERUSAHAAN DAERAH AIR MINUM PULAU LOMBOK Hermanto Hermanto; Agusdin Agusdin; Surati Surati; Ni Ketut Surasni
JMM UNRAM - MASTER OF MANAGEMENT JOURNAL Vol. 9 No. 2 (2020): JMM Juni 2020
Publisher : Master of Management, Mataram University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (643.21 KB) | DOI: 10.29303/jmm.v9i2.548

Abstract

Tujuan penelitian  ini adalah menguji dan menjelaskan pengaruh langsung kepemimpinan dan budaya organisasi terhadap knowledge sharing yang secara teori bisa berpengaruh di PDAM se-Pulau Lombok. Penelitian ini menggunakan pendekatan kuantitatif dan pengumpulan data dengan metode survey dengan metode analisis data yang digunakan adalah partial least square.Hasil penelitian menunjukkan bahwa kepemimpinan dan budaya organisasi memiliki pengaruh langsung positif dan signifikan terhadap proses knowledge sharing berdasarkan indikator socialization, externalization, combination dan internalization.Keterbatasan penelitian ini terletak pada ruang yang terbatas hanya di lingkungan PDAM Pulau Lombok yang terdiri dari 4 PDAM sehingga diperlukan kajian yang lebih luas untuk memperkuat hasil penelitian. Selain itu perlu dipertimbangkan menggunakan variabel lain sebagai enabler dari knowledge sharing. Kata kunci :    Kepemimpinan, Budaya Organisasi, Knowledge Sharing, Partial Least Square, Kinerja Organisasi
PERCEPTION OF MILLENIAL GROUP BUSINESS CONDUCTORS ON HALAL TOURISM IMPLEMENTATION IN LOMBOK ISLAND Lalu Suparman; Hermanto Hermanto; Aryan Agus Pratama; Baiq Mustika Sari; Baiq Nikmatul Ulya; Lalu Mat'ul Arifin; Uswatun Nafi'ah
JMM UNRAM - MASTER OF MANAGEMENT JOURNAL Vol. 9 No. 3 (2020): JMM September 2020
Publisher : Master of Management, Mataram University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (618.574 KB) | DOI: 10.29303/jmm.v9i3.554

Abstract

The tourism industry on the island of Lombok has experienced rapid development and made Halal tourism a leading sector. This study aims to examine the perceptions of tourism business actors from the millennial group in implementing the concept of Halal tourism on the island of Lombok. This study uses a qualitative descriptive phenomenology approach. The data were obtained through observation and in-depth interviews from Muslim tourism businesses which were determined by snowball sampling. The results show that millennial business actors in the tourism sector have good perceptions and positive attitudes towards the implementation of the Halal tourism concept on the island of Lombok. Limited knowledge and understanding regarding Halal indicators and standards is not a big obstacle to applying Halal principles because it is the culture and culture of the people of Lombok.Keywords:Halal Tourism Implementation, Perception, Muslim Millennial Groups, Lombok
RENT EXTRACTION PADA PERUSAHAAN DENGAN STRUKTUR KEPEMILIKAN TERKONSENTRASI DI BURSA EFEK INDONESIA Ni Ketut Surasni; Hermanto Hermanto
JMM UNRAM - MASTER OF MANAGEMENT JOURNAL Vol. 9 No. 4 (2020): JMM November 2020
Publisher : Master of Management, Mataram University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1032.256 KB) | DOI: 10.29303/jmm.v9i4.625

Abstract

This study aims to examine the existence of rent extraction by examining the market reaction to the increase and decrease in dividends. For this purpose, the method used is an event study. Market reaction is measured using cumulative average abnormal return (CAAR). If CAAR is high> CAAR is low. hence rent extraction is proven, dividends are proven to relieve conflict between majority and minority. By using the difference test, it was not proven that high CAAR> low CAAR. These results indicate that investors do not react to increases or decreases in dividends. In companies with a concentrated ownership structure, dividends do not function as a reliever for conflicts between majority and minority. Kata kunci: Concentrated ownership structure, rent extraction, dividends.
TRACER STUDY ALUMNI MAGISTER MANAJEMEN FAKULTAS EKONOMI DAN BISNIS UNIVERSITAS MATARAM, 2020 Akhmad Saufi; Hermanto Hermanto; Muttaqillah Muttaqillah
JMM UNRAM - MASTER OF MANAGEMENT JOURNAL Vol. 10 No. 1 (2021): JMM Maret 2021
Publisher : Master of Management, Mataram University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1103.536 KB) | DOI: 10.29303/jmm.v10i1.649

Abstract

Tracer studies help educational institutions obtain information to increase the relevance of their curriculum to meet employment’s need and improve the graduate performance. This applied research aims to evaluate the implementation of study programs in order to increase the relevance of the curriculum and the graduate performances. This research adopts a qualitative approach. 77 informants were involved in the research, consisting of 64 alumni and 13 stakeholders. Data were collected through online interviews and questionnaires containing open-ended questions, and then analyzed using content analysis. The results showed that the implementation of study programs, service quality, curriculum relevance, and alumni performance were rated at "good" and "very good" levels. To improve services, MM study program needs to improve the quality of communication among lecturers and academic staff, and organize information technology-based learning, learning activities outside the campus (industry), and learning mechanisms for alumni. The study suggests to the importance of soft and hard skills particularly related to integrity; professionalism; leadership element; and the communication skills of graduates in the curriculum.Keywords :Tracer study, Alumni, Stakeholder, Service quality, Curricullum relevance