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                        An Examining the Firm Life-Cycle Theory of Dividends in Indonesia 
                    
                    Murtiana, Suci; 
Yulianto, Arief                    
                     Management Analysis Journal Vol 7 No 3 (2018): Management Analysis Journal 
                    
                    Publisher : Universitas Negeri Semarang 
                    
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                                DOI: 10.15294/maj.v7i3.23441                            
                                            
                    
                        
                            
                            
                                
This study aims to examine the company’s propensity of manufacture companies to pay dividend effected by retained earning to total equity (RE/TE) in their life cycle stages by controlling profitability, sales growth and firm size. Furthermore, this study also explains the company’s propensity to pay a dividend before and after the global crisis particularly Subprime Mortgage. The firm ’s life cycle consists of four stages: start-up, growth, mature and decline stage. This research is explanatory research by using regression qualitative response analysis. The purposive sampling used to determine the research sample. Thus 75 manufacture companies which are listed on the Indonesia Stock Exchange (IDX) in 2005 to 2016 have been selected as the research sample. This result shows that the Manufacture companies listed on IDX in 2005 to 2016 tend to pay a dividend on the mature stage before and after Subprime Mortgage. In the mature stage, the manufacture companies have a bigger probability of paying a dividend rather than in start-up, growth and decline stage in 2005 to 2016. The company’s propensity to pay a dividend in the mature stage is bigger than the start-up, growth and decline stage before and after the Subprime Mortgage crisis. The conclusion of this study explains that the manufacture companies employ the life-cycle theory of dividend in their dividend policy.
                            
                         
                     
                 
                
                            
                    
                        Speed of Adjustment Capital Structure 
                    
                    Sibuea, Ely Yulianita; 
Yulianto, Arief                    
                     Management Analysis Journal Vol 7 No 4 (2018): Management Analysis Journal 
                    
                    Publisher : Universitas Negeri Semarang 
                    
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                                DOI: 10.15294/maj.v7i4.23480                            
                                            
                    
                        
                            
                            
                                
The aim of this study is to analyze the effect of company size variables, asset growth, asset structure and business risk against capital structure adjustment speed with dynamic approach. The number of samples in this study was 63 companies by using purposive sampling method. Multiple regression method with fixed effect model was used as data analysis in this study. The results of this study indicate that company size and asset structure have positive significant effect on capital structure adjustment speed, whereas asset growth has significant negativeeffect on capital structure adjustment speed and business risk does not have significanteffect on capital structure adjustment speed.
                            
                         
                     
                 
                
                            
                    
                        Determinants of Dividend Payout of Indonesian Companies 
                    
                    Octaviana, Irma; 
Yulianto, Arief                    
                     Management Analysis Journal Vol 8 No 3 (2019): Management Analysis Journal 
                    
                    Publisher : Universitas Negeri Semarang 
                    
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                                DOI: 10.15294/maj.v9i3.34306                            
                                            
                    
                        
                            
                            
                                
Dividend policy is a decision about how much earning after tax that will paid as dividend rather than being retained for investment in the company. The data from Indonesia Stock Exchange show that there are still many company that do not pay dividends consistently, whereas dividend policy use as a signal given by the company to outsiders for their performance. This study aims to determine the effect of profitability, leverage, and firm size to dividend policy.The type of this research is a quantitative research by using secondary data. The population in this research are the company that listed in Indonesia Stock Exchange period 2005-2017. The samples used are 43 companies with purposive sampling method. The method of data analysis used is multiple linear regression by using fixed effect model (Least Square Dummy Variable). The research results reveals that leverage and firm size affects significantly on the dividend policy, whereas profitability do not affect significantly on the dividend policy.
                            
                         
                     
                 
                
                            
                    
                        Agency Theory: Ownership Stucture and Capital Structure as Determinants of Dividend Policy 
                    
                    Anggoro, Haris Dwi; 
Yulianto, Arief                    
                     Management Analysis Journal Vol 8 No 4 (2019): Management Analysis Journal 
                    
                    Publisher : Universitas Negeri Semarang 
                    
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                                DOI: 10.15294/maj.v9i4.34313                            
                                            
                    
                        
                            
                            
                                
The purpose of this study is to analyze the effect of ownership structure and capital structure in decision-making about dividend policy. Observation units used in this study consisists off all manufacturing companies listed on the Indonesia Stock Exchange which pay dividend during 2008 to 2017. This research uses purposive sampling method. The number of samples in this study was 21 companies consist of 210 data. The research variables consist of Institutional Ownership, Public Ownership and Capital Structure as independent variables and Dividend Policy as the dependent variable. Data analysis method used is descriptive analysis, determinan of panel data estimation model, multiple linear regression with Eviews 9. The result of this study shows that institutional ownership and public ownership has a negative effect and significant to the dividend policy. Capitsal structure has a positive but not significant to the dividen policy.
                            
                         
                     
                 
                
                            
                    
                        Board Interlocking and Firm Performance: Evidence from Indonesia 
                    
                    Pertiwi, Meilinda Brielyan; 
Yulianto, Arief                    
                     Management Analysis Journal Vol 9 No 1 (2020): Management Analysis Journal 
                    
                    Publisher : Universitas Negeri Semarang 
                    
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                                DOI: 10.15294/maj.v9i1.34585                            
                                            
                    
                        
                            
                            
                                
This study aims to determine the relationships of board interlocking and firm performance as measured by Return on Assets (ROA). This research method uses a quantitative approach with research objects of all companies listed on the Indonesia Stock Exchange period 2008-2017. The sample selection method uses a purposive sampling. The sample used was 4450 observation. Data analysis methods used are descriptive analysis and dummy variable regression Analysis of Covariance (ANCOVA). The result showed that the average performance of companies that do interlock of directors at other companies at the same time is higher than companies that do not do interlock. The existence of a director who has do interlock allows directors to get access in other places and can mutually utilize resource supported by empirical result where the total assets of companies that do interlock higher than companies that did not interlock. Although concurrent positions can improve the company, the company still complies with government regulations so that the company does not get the law and get sanctionse.
                            
                         
                     
                 
                
                            
                    
                        Institutional Ownership, Political Connestions and Dividend Payment 
                    
                    Yunita, Ratna; 
Yulianto, Arief                    
                     Management Analysis Journal Vol 9 No 1 (2020): Management Analysis Journal 
                    
                    Publisher : Universitas Negeri Semarang 
                    
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                                DOI: 10.15294/maj.v9i1.34971                            
                                            
                    
                        
                            
                            
                                
This study aims to examine the effect of institutional ownership and differences in the average dividend payout policy in the presence of a political connection variable. The population in this study are all companies listed on the Indonesia Stock Exchange in 2008-2017. The sample in this study was based on purposive sampling. The sample of this study were 1157 observations. The analytical method used is a dummy covariance analysis (ANCOVA) regression model. The results showed that institutional ownership had a coefficient value of 0.039768. political connections have a coefficient value of 0.042068. That is, institutional ownership and political connections have a positive influence on dividend payment policies in Indonesia.
                            
                         
                     
                 
                
                            
                    
                        Government Ownership and Dividend Payment Policy 
                    
                    Putri, Pavita Bayu; 
Yulianto, Arief                    
                     Management Analysis Journal Vol 9 No 2 (2020): Management Analysis Journal 
                    
                    Publisher : Universitas Negeri Semarang 
                    
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                                DOI: 10.15294/maj.v9i2.37344                            
                                            
                    
                        
                            
                            
                                
The purpose of this study to examine and analyze differences in the average policy of dividend payments with government ownership in companies listed on the Indonesia Stock Exchange in period 2008-2017. Previous research still shows differences in research results or inconsistent results between one study and another. The results showed that the average dividend payment policy carried out by the government was higher than companies that did not have government ownership. This is considered as government ownership, so the amount of dividends distributed will increase. Based on the results of this study it can be concluded that government ownership provides an average higher dividend payment policy than non-government ownership. Suggestions for company management, in making dividend payment policies, the company should always consider the interests of the company’s owners. Investors should pay attention to factors outside the economy in investing. For further researchers, it can be used as an additional reference and research can be done one by one sector.
                            
                         
                     
                 
                
                            
                    
                        Problematic Firms Mostly Take More Risks? : Prospect Theory Testing in Indonesia 
                    
                    Rahman, Fernanda Alfian; 
Yulianto, Arief                    
                     Management Analysis Journal Vol 10 No 2 (2021): Management Analysis Journal 
                    
                    Publisher : Universitas Negeri Semarang 
                    
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                                DOI: 10.15294/maj.v10i2.49034                            
                                            
                    
                        
                            
                            
                                
Prospect Theory Kahneman & Tversky (1979) is a behavioral theory that discusses risk taking viewed under certain conditions, whether in a win or loss condition. There is inconsistent behavior between theory and reality in companies in Indonesia. This research method uses a quantitative approach with the object of research being all companies listed on the Indonesia Stock Exchange from 2010 to 2019. The sample selection uses a purposive sampling method. The sample used as many as 206 companies with 1614 observations. This research uses ANOVA data analysis technique. Based on the results of this study, it shows that prospect theory is not supported in this study
                            
                         
                     
                 
                
                            
                    
                        PELAKSANAAN BILINGUAL BOARDING SCHOOL (STUDI KASUS DI MADRASAH TSANAWIYAH NEGERI WINONG PATI) 
                    
                    Mauludiyah, Nurlaily; 
Sugiyo, Sugiyo; 
Yulianto, Arief                    
                     Educational Management Vol 5 No 1 (2016): June 2016 
                    
                    Publisher : Educational Management 
                    
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Penelitian ini bertujuan untuk mendiskripsikan dan menganalisis peran SDM dalam perencanaan, pelaksanaan, evaluasi dalam pelaksanaan bilingual boarding school MTs Negeri Winong Pati. Penelitian ini mengguakan metode kualitatif dengan pendekatan studi kasus desain kasus tunggal terjalin (embeded). Teknik pengumpulan data dengan wawancara, observasi dan dokumentasi. Teknik keabsahan data yang digunakan adalah triangulasi teknik, sumber dan waktu. Teknik analisis data yang digunakan adalah model interaktif. Hasil temuan menunjukkan bahwa pelaksanaan bilingual boarding school MTs Negeri Winong Pati meliputi perencanaan pelaksanaan bilingual boarding school sudah disusun dengan rapat dan semua pihak dilibatkan, akan tetapi perencanaan dalam menetapkan standar kualifikasi guru belum disusun, Pengelolaan pelaksanaan bilingual boarding school berkaitan dengan layanan pendidikan dan agenda rutin dalam proses pendampingan langsung oleh volunteer kurang optimal, Pelaksanaan bilingual boarding school dalam PBM dengan bilingual pada mata pelajaran bahasa inggris dan bahasa arab mencapai 50% dan mata pelajaran lainnya 25% hanya ditekankan pada greeting dan evaluasi dilakukan langsung oleh Waka bilingual terhadap guru dan disampaikan secara langsung atau melalui rapat. Disarankan pada madrasah agar lebih meningkatkan pengelolaan pelaksanaan bilingual boarding school sehingga dapat meningkatkan lulusan yang berkualitas dan menjadikan Madrasah Tsanawiyah Negeri Winong Pati yang unggul dengan memiliki SDM yang berkompetensi khususnya dalam bidang bilingual dan memiliki kemampuan mengajar yang sesuai dengan bidang masing-masing.
                            
                         
                     
                 
                
                            
                    
                        Model Supervisi Klinis Berbasis Teknologi Informasi dan Komunikasi Untuk Menigkatkan Kinerja Guru Produktif di Smkn 1 Kota Bima 
                    
                    Septio Bintoro Andani, Yan; 
Yulianto, Arief; 
Murwatiningsih, Murwatiningsih                    
                     Educational Management Vol 6 No 2 (2017): December 2017 
                    
                    Publisher : Educational Management 
                    
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Pengembangan model supervisi klinis berbasis teknologi informasi dan komunikasi adalah suatu model supervisi klinis dengan menggunakan alat bantu media komunikasi menggunakan whatapp dan rekaman video mengajar guru. Tujuannya adalah menganalisis pelaksanaan supervisi klinis saat ini,mengembangkan model,dan menganalis efektifitas model. Penelitian menggunakan metode Research and Development. Studi pendahuluan dengan pendekatan kualitatif dan kuantitatif. Teknik pengumpulan data dengan wawancara, angket dan observasi. Tahap pengembangan melibatkan ahli dan praktisi dengan menggunakan lembar peniliaan. Tahap evaluasi menggunakan one grup pretest-posttest design untuk mengetahui efektifitas model. Supervisi klinis yang dilakukan pengawas sekolah saat ini ditemukan beberapa tantangan: (1) guru merasa tidak nyaman bila di observasi kelas; (2) jumlah pengawas produktif tidak sebanding dengan jumlah guru binaan; (3) komunikasi guru dan pengawas hanya terbatas pada saat kunjungan pengawas. Berdasarkan penelitian pendahuluan dikembangkan sebuah model supervisi klinis berbasis teknologi informasi dan komunikasi. Model hipotetik tersebut divalidasi oleh ahli dan menjadi model yang valid dan selanjutnya dilakukan uji coba terbatas. Kesimpulan dari penelitian ini adalah: (1) model supervisi klinis saat ini masih kurang efektif; (2) model yang supervisi klinis yang dibutuhkan saat ini adalah berbasis TIK; (3) model yang dikembangkan efektif meningkatkan kinerja guru. Saran model ini tidak hanya diujicoba pada skala terbatas dan tidak hanya guru produktif saja tetapi bisa di uji coba skala luas pada kelompok guru mata pelajaran yang lainnya. Development of clinical supervision model based on information and communication technology is a clinical supervision model by using whatapp and video recording as a communication media in teaching learning process. This research purpose to analyze the current implementation of clinical supervision, the developing of models, and analyze the effectiveness of the model. This research have to use Research and Development method. Introduction studies using by qualitative and quantitative approach. Collection data are interview, questionnaire and observation. The experts and practitioners were involved to validatea asessmen sheet in development step. One group pretest-posttest was conducted in evaluation step to determine the model effectiveness. The introduction studies shows that: (1) the teacher feels uncomfortable on academic supervision conducted by school supervisor; (2) the supervisors amount less the teacher amount (3)communication between teacher and supervisors happened only during supervisor visits. Based on these facts, the researcher tends to develop the clinical supervision model based on information and communication technology. The hypothetical model is validated by an expert and becomes a valid model and then performed a limited trial. The conclusions of this study are: (1) the current model of clinical supervision is still less effective; (2) the model of clinical supervision required today is ICT-based; (3) the model developed effectively improves teacher performance. The suggestion of this model is not only tested on limited scales and not only productive teachers but can be tested on a large scale in other subject teachers groups