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TRANSMISI HARGA JAGUNG DI PROVINSI LAMPUNG Rati Purwasih; Muhammad Firdaus; Sri Hartoyo
Jurnal Agribisnis Indonesia Vol. 5 No. 1 (2017): Juni 2017 (Jurnal Agribisnis Indonesia)
Publisher : Departmen of Agribusiness, Economics and Management Faculty, Bogor Agricultural University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jai.2017.5.1.75-88

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Corn is one of the leading commodities in Lampung Province. The average corn price received by farmers (producers) from January 2009 to December 2014 amounted to Rp 1.820 per kilogram, while the average price of corn at the consumer level was at Rp 3.205 per kilogram. Corn prices at the consumer level are more volatile when compared with the price of corn at the producer level. The purpose of this study are to analyze the transmission of corn prices from the consumer level to the producer level in Lampung Province. The data used was a monthly time series data from January 2009 to December 2014 (72 month). Asymmetric Error Correction Model (AECM) developed by von Cramon-Taubadel and Loy (1996) was used to analyze corn price transmission from the consumer level to the producer level. Causality test results indicate that corn prices at the consumer level affect the formation of corn prices at the producer level. From AECM estimates obtained, the short run corn price transmission from the consumer level to the producer level was asymmetric. However, the long-run transmission of corn prices from the consumer level to the producer was symmetric. After the Wald test, results obtained showed that there was no prove of asymmetric price transmission from the consumer level to the producer level in the long run.
APLIKASI DATA ENVELOPMENT ANALYSIS UNTUK MENELAAH EFISIENSI BIAYA DAN PENDAPATAN PERUSAHAAN (STUDI KASUS PT.DIAN SWARA) Ari Binuko; Hermanto Siregar; Sri Hartoyo
Jurnal Aplikasi Bisnis dan Manajemen (JABM) Vol. 3 No. 1 (2017): JABM Vol. 3 No. 1, Januari 2017
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.3.1.71

Abstract

The research is to evaluate the cost efficiency level and the income of Dian Swara a company in Purwokerto, Central Java.  The data is analyzed using  DEA (Data Envelopment Analysis) with CRS (Constant Return of Scale) method and as the input is the operational cost, administration cost and marketing cost while the output is the event income, program syndicate income and advertisement income.  The first step in this research is calculating the efficiency value cost and income, also the independent variable consist of ROA (Return of Asset), ROE (Return of Equity),  aging of receivables, DER (Debt to Equity Ratio) and dummy.  The next step is to observe the impact of the independent variables toward the efficiency using multiple linear regression analysis.  The result using DEA shows that the efficiency value from 2009-2014 did not reach 1.  The most efficient is in 2013 where the value was 0.98 and the least efficient was in 2012 the value was 0.71.  Whereas the result from the multiple linear regression analysis shows that ROA and ROE has a positive and significant impact in efficiency.   Keywords: dian swara, CSR, DEA, ROA, ROEAbstrakPenelitian ini untuk mengukur tingkat efisiensi biaya dan pendapatan pada perusahaan Dian Swara yang berada di Purwokerto, Jawa Tengah. Menggunakan DEA (Data Envelopment Analysis) dengan metode CRS (Constant Return of Scale) dan sebagai input adalah biaya operasional, biaya administrasi serta biaya pemasaran. Yang digunakan sebagai output dalam penelitian ini adalah pendapatan event, pendapatan sindikasi program serta pendapatan iklan. Langkah pertama dalam penelitian ini adalah menghitung nilai efisiensi biaya dan pendapatan serta menghitung variabel independennya yang terdiri dari ROA (Return of Asset), ROE (Return of Equity), Umur piutang, DER (Debt to Equity Ratio) serta dummy. Langkah kedua dalam penelitian ini, melihat pengaruh variabel independen terhadap efisiensi dengan menggunakan analisis regresi linear berganda. Hasil dari perhitungan dengan menggunakan DEA menunjukan bahwa nilai efisiensi dari periode tahun 2009 sampai dengan tahun 2014 tidak ada yang mencapai nilai 1.00. Dalam periode tersebut tahun yang paling efisien adalah tahun 2013 dengan nilai 0.98 dan tahun yang inefisien dalam penelitian ini adalah tahun 2012 dengan nilai 0.71. Sedangkan hasil dari analisis regresi menunjukan bahwa ROA dan ROE berpengaruh positif dan signifikan terhadap efisiensi.Kata kunci: dian swara, CSR, DEA, ROA, ROE
Faktor Internal dan Eksternal yang Memengaruhi Underpricing pada Saat IPO di Bursa Efek Indonesia Kemas Nurcholish Thoriq; Sri Hartoyo; Hendro Sasongko
Jurnal Aplikasi Bisnis dan Manajemen (JABM) Vol. 4 No. 1 (2018): JABM Vol. 4 No. 1, Januari 2018
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.4.1.19

Abstract

This study aims to examine the variables that influenced the underpricing stock price when the company put its initial public offering in Indonesia Stock Exchange of the 2010-2015 period. The dependent variable in this study was underpricing measured by the value of initial returns, while the independent variables included ROA, DER, company age, company size, type of Industry, underwriter’s reputation, exchange rate and inflation. The data used in this study were secondary data collected by using purposive sampling method. The samples of 135 companies from were taken from 137 population companies conducted IPOs from 2010-2015 in Indonesia Stock Exchange. This study used logistic regression for data analysis. The results of this study showed that ROA, DER, age and inflation influenced the level of underpricing is proven. Other variables influencing the level of underpricing is not proven. This research model showed that the independent variables explained the variation in the level of underpricing of 89.6%.Keywords: underpricing, internal and external factors, ROA, DER
PENDUGAAN ELASTISITAS PENAWARAN OUTPUT DAN PERMINTAAN INPUT USAHATANI JAGUNG Adang Agustian; Sri Hartoyo
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 13, No 2 (2012): JEP Desember 2012
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jep.v13i2.172

Abstract

This study aims to determine the effect of changes in output and input prices, corn research expenditures and road infrastructure on output supply and input demand for corn in the Province of East Java and West Java. The data that are analyzed are those of structure of costs of corn farming in the Province of East Java and West Java in 1985-2009. Estimation model employed is the method of Seemingly Unrelated Regression. The results showed that the output supply of corn both in the province of East Java and West Java are elastic to its price changes, however it is inelastic to the price changes of: seed, urea, TSP and labor. Input demand of seed, urea, TSP and labor area inelastic to their price changes. Policy implications of this research is efforts to increase the supply of corn can be carried out by increasing its price, expenditures of corn research, and road infrastructure.
KARAKTERISTIK BANK TARGET AKUISISI ASING (CROSS-BORDER) DAN DOMESTIK PADA PERBANKAN INDONESIA Yutrizal Jacoub; Dedi Budiman Hakim; Sri Hartoyo; Perdana Wahyu Santosa
MIX: JURNAL ILMIAH MANAJEMEN Vol 10, No 2 (2020): MIX: Jurnal Ilmiah Manajemen
Publisher : Universitas Mercu Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22441/mix.2020.v10i2.006

Abstract

The aims of this paper were to study the difference in the characteristic of acquisition target bank for cross-border and domestic over the period of 2002 – 2017 in Indonesia banking industry. There were 41 transactions of merger and acquisition during the period, and hence there was 31 ownership of private local banks have been transferred to foreign/cross-border investor. The data was obtained from Otoritas Jasa Keuangan (OJK) consists of financial publication reports of 24 banks sample and also annual reports of those banks. The methods used were descriptive statistics and independent sample test for both parametric and non-parametric data. The results show that: i) There is a significant difference on the profitability (ROE), asset size, cost efficiency, quality of loans, and liquidity between both groups of the target banks; ii) Whereas ROA and capitalization (CAR) are not different for both group of the target banks; iii) Target banks for cross border acquisition is public bank which is different with non-public banks for domestic acquisition.
MODEL PENETAPAN HARGA IPO BERDASARKAN VALUATION Aty Herawati; Noer Azam Achsani; Sri Hartoyo; Roy Sembel
MIX: JURNAL ILMIAH MANAJEMEN Vol 6, No 3 (2016): MIX: Jurnal Ilmiah Manajemen
Publisher : Universitas Mercu Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (466.255 KB)

Abstract

Abstract : The process of initial public offering of a company to the investors calledIPO (Initial Public Offering). .At time the company do an IPO, the shares price at IPOwas an agreement between the company and its underwriter. The phenomenon thatoccurs is the shares price at IPO lower than the intrinsic shares price based onvaluation, after the shares has been traded on the stock exchange, the phenomenon thatoccurs is IPO share price lower than the closing price on the first day. The purpose ofthis research is to create a model of how to set the share price at the time the companywill conduct IPO based on intrinsic share price valuation results. The valuation methodused is the Price to Earning Ratio. Research carried out on companies that did an IPOin 2000 - 2014 with a purposive sampling of 240 companies. The results showed therewas a difference between intrinsic shares prices based on the valuation and the sharesprice that set at the time of IPO. After the shares listed in the secondary market, therewas a difference between IPO share price and the closing price on the first day.Meanwhile, there is no difference between the intrinsic shares price and the closingprice on the first day, so in order to avoid underpricing, the IPO price can be predictedbased on intrinsic shares price valuation.
Analisis Resiko Produksi, Pilihan Resiko, dan Efisiensti Teknis Usahatani Tembakau (Pendekatan FUngsi Produksi Frontier dengan Struktur Error Heterokedastis) Elys Fauziyah; Sri Hartoyo; Nunung Kusnadi; Sri Utami Kuntjoro
SOCA: Jurnal Sosial Ekonomi Pertanian Vol. 10, No. 1 Februari 2010
Publisher : Program Studi Agribisnis, Fakultas Pertanian, Universitas Udayana Jalan PB.Sudirman Denpasar, Bali, Indonesia. Telp: (0361) 223544 Email: soca@unud.ac.id

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (7832.087 KB)

Abstract

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DAMPAK BANTUAN PENANGGULANGAN/PENGENTASAN KEMISKINAN TERHADAP PRODUKSI, PENDAPATAN DAN KESEJAHTERAAN RUMAHTANGGA PETANI Novindra Novindra; Bonar M Sinaga; Sri Hartoyo; Bernard B. deRosari; Hastuti Hastuti; Ferdy Adif I. Fallo; Dea Amanda
Journal of Agriculture, Resource and Environmental Economics Vol. 2 No. 1 (2019): JURNAL EKONOMI PERTANIAN SUMBERDAYA DAN LINGKUNGAN
Publisher : Departemen Ekonomi Sumberdaya dan Lingkungan, Fakultas Ekonomi dan Manajemen, Institut Pertanian Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (640.988 KB) | DOI: 10.29244/jaree.v2i1.25977

Abstract

Program bantuan penanggulangan/pengentasan kemiskinan bertujuan untuk meningkatkan kesejahteraan masyarakat di pedesaan, menggunakan instrumen peningkatan produksi dan daya beli (pengeluaran) untuk meningkatkan kesejahteraan rumahtangga. Tujuan penelitian: (1) mengidentifikasi sumber, jenis, jumlah bantuan penanggulangan/pengentasan kemiskinan yang diterima oleh rumahtangga petani, (2) menganalisis biaya, penerimaan, dan pendapatan usahatani, (3) menganalisis pendapatan dan pengeluaran (indikator kesejahteraan) rumahtangga petani. Penelitian di Kabupaten Timor Tengah Selatan (Desa Kualin dan Nulle) dan Kabupaten Kupang (Desa Ponain dan Tesabela) Provinsi NTT yang ditentukan secara purposive karena merupakan daerah sentra populasi sapi dan rumahtangga penerima skim kredit dan bantuan modal. Sumber kredit yang diterima rumahtangga petani berasal dari bank (umum dan non umum) dan bantuan modal dari pemerintah (pusat dan daerah) dan non pemerintah. Nilai kredit dan bantuan modal yang diterima rumahtangga petani tertinggi di Desa Tesabela namun alokasinya untuk biaya usahatani terendah. Pendapatan usahatani tertinggi di Desa Kualin yang terutama bersumber dari pendapatan usaha ternak (44%), sedangkan total pendapatan rumahtangga petani tertinggi di Desa Ponain terutama bersumber dari pendapatan usaha non pertanian. Total Pengeluaran rumahtangga (kesejahteraan) tertinggi di Desa Tesabela terutama alokasi untuk pengeluaran investasi (49%), sedangkan Desa Kualin total pengeluaran rumahtangga terendah tetapi alokasi untuk pengeluaran konsumsi tertinggi (51%).
MODEL POLICY DESIGN FOR THE BEEF CATTLE DEVELOPMENT IN SOUTH SULAWESI Machmud Achmad; Sri Hartoyo; Bustanul Arifin; Muhammad Said Didu
Journal of Management and Business Review Vol 11, No 2 (2014)
Publisher : Research Center and Case Clearing House PPM School of Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34149/jmbr.v11i2.54

Abstract

This study examines some factors that influence policies on developing cattle beef and designing integrated planning systems in South Sulawesi. The method for this study includes qualitative and quantitative approaches using survey method to obtain primary data. Data were analysed and presented in the form of descriptive tables and graphs with analytical tools policy. Results were obtained from choices of recommendations which are elaborated in the form of strategy and policy implications based on expert opinions (expert judgment). Internal and External Matrices were generated by the SWOT analysis and the QSPM. The results show that current position of beef cattle in South Sulawesi is in the quadrant of growth and development. Analysing all the factors from SWOT approach, four strategies were developed to determine the beef cattle policy strategy. Using the QSPM, the results further suggest that the best strategy is priority strategy as seen from its QSPM value of 6,901.An integrated system between the beef cattle rancher and crop (rice and corn), implies that in order to achieve this goal, technology improvement and innovation play important roles, especially technology for the feed processing system.
Analisis Efisiensi Teknis, Efisiensi Alokatif, dan Efisiensi Ekonomi Usahatani Jagung Berdasarkan Varietas di Provinsi Gorontalo Andi Yulyani Fadwiwati; Sri Hartoyo; Sri Utami Kuncoro; I Wayan Rusastra
Jurnal Agro Ekonomi Vol 32, No 1 (2014): Jurnal Agro Ekonomi
Publisher : Pusat Sosial Ekonomi dan Kebijakan Pertanian

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21082/jae.v32n1.2014.1-12

Abstract

EnglishThis study aims to measure technical, allocative, and economic efficiencies of maize farming and factors influencing the technical inefficiency in Boalemo, Pohuwato, and Gorontalo Regencies, Gorontalo Province. Random sampling was used in selecting the respondents of 355 farmer households in 2012. The data were analyzed using the Cobb-Douglas stochastic frontier production function. Adoption of new improved variety (VUB) is more efficient than that of the old one (VUL). VUB’s technical, allocative and economic efficiencies were each of 84%, 40%, and 34%, respectively. VUL’s technical, allocative and economic efficiencies were 75%, 36%, and 26%, respectively. Factors causing technical inefficiency were educational level, farmer group membership, access to credit, and agriculture extension. Increased efficiency can be achieved through farm management improvement, i.e. both technical and managerial capabilities of farmers. IndonesianPenelitian ini bertujuan untuk mengukur efisiensi teknis, efisiensi alokatif, dan efisiensi ekonomi usahatani jagung, serta faktor-faktor apa yang memengaruhi inefisiensi teknis. Penelitian dilakukan di Provinsi Gorontalo, yaitu Kabupaten Gorontalo, Kabupaten Boalemo dan Kabupaten Pohuwato. Pengambilan sampel dilakukan dengan metode random sampling, yaitu sebanyak 355 rumah tangga petani dengan menggunakan data cross section tahun 2012. Metode analisis menggunakan fungsi produksi stochastik frontier Cobb-Douglas, dan efisiensi alokatif serta ekonomis dianalisis menggunakan pendekatan dari sisi input. Hasil penelitian menunjukkan bahwa penggunaan varietas unggul baru lebih efisien dibandingkan dengan penggunaan varietas unggul lama dengan tingkat efisiensi teknis, alokatif dan ekonomi masing-masing 84%, 40%, dan 34% untuk VUB, sedangkan untuk VUL masing-masing 75%, 36%, dan 26%. Faktor–faktor yang menjadi penyebab inefisiensi teknis adalah lama pendidikan, keanggotaan dalam kelompok tani, akses kredit dan penyuluhan. Implikasi kebijakan, yaitu peningkatan efisiensi dapat dilakukan melalui peningkatan manajemen usahatani baik teknis maupun kapabilitas manajerial petani.
Co-Authors ., Harianto Adang Agustian Adang Agustian Ade Hendar Purnawan Adler H. Manurung Ahmad Yousuf Kurniawan Alla Asmara Amzul Rifin Ancelina Balagaise Andam Dewi Andi Yulyani Fadwiwati Anto Ariyanto Ari Binuko Arief Daryanto Arief Daryanto Arnanto Arnanto Aty Herawati Baida Soraya Bernard B. deRosari Bonar M Sinaga Bonar M Sinaga Bonar M. Sinaga Bonar M. Sinaga Bonar M. Sinaga Bonar M. Sinaga Bonar Marulitua Sinaga Dahlia Nauly Danil Danil Dea Amanda Deden Djaenudin Dedi Budiman Hakim Desfaryani, Rini Devi Ayuni Dominicus Savio Priyarsono Edi Setiawan Ely Nurhayati Elys Fauziyah Erliza Noor Erma Suryani Ervin Nora Susanti Esra Frandika Barus Esra Frandika Karo-Karo Fariyanti, Anna Fasika Khaerul Zaman Ferdy Adif I. Fallo Firna Varina Harianto Harianto Harianto Harianto Harianto Hariyatno Dwiprabowo Hartoyo Hartoyo Hastuti Hastuti Hendra Wijaya Hendri Utami Hendro Sasongko Hendro Sasonko Henoch Kindangen Heny K. S. Daryanto Hermanto Siregar Hubbansyah, Aulia Keiko Hutagaol, Manuntun Paruliah I Wayan Rusastra Idqan Fahmi Illah Sailah Jan Horas Veryady Purba Jan Horas Veryady Purba Kemas Nurcholish Thoriq Khodijah Mustaqimah Kuntjoro Kuntjoro Kuntjoro Kuntjoro Lala M Kolopaking Lilis Imamah Ichdayati Luh Putu Ratna Sundari Lukman M. Baga Lukytawati Anggraeni M. Parulian Hutagaol M. Yogi Riyantama Isjoni Ma'mun Sarma Machmud Achmad Made Oka Adnyana Manalu, Doni Sahat Tua Mariyah Mariyah Mohammad Junaedi Muhammad Firdaus Muhammad Firdaus Muhammad Said Didu Mulia Simatupang Mumuh Mulyana Nenah Sunarsih nFN Kuntjoro nFN Sumaryanto Nila Windiyarti novindra . Nunung Kusnadi Nunung Nuryartono Nur Oktalia Dwine Arwanda Pamian Siregar Pantjar Simatupang Paula Florina Perdana Wahyu Santosa Rati Purwasih Reza Satrya Arjakusuma Rina Oktaviani Rina Oktaviani Rita Yuliana Riyani S. Saputri Ronald Giok Tampubolon Roy Sembel Rusdi Sahara Sinaga, Roeskani Soesetyo Priharjanto Sri Mulatsih Sri Utami Kuncoro Sri Utami Kuntjoro Sri Utami Kuntjoro Sriyani Wahyuni Tangahu Suharno Sukardi Sukardi Sukiswo Dirdjosuparto Tanti Novianti Ulfira Ashari Wahyu Dyah Novitasari Widyastutik Wilson H Limbong Wiwiek Rindayati Yandra Arkeman Yusman Syaukat Yutrizal Jacoub Zeetpy Maisana