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Journal : Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi

PENGARUH GROWTH OPPORTUNITY DAN TAX SHIELD TERHADAP STRUKTUR MODAL DAN KINERJA KEUANGAN PERUSAHAAN (STUDI PADA PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI BARANG KONSUMSI YANG TERDAFTAR DI BEI PADA PERIODE 2009-2012) Famela Oktarina; Yulia Efni; Haryetti -
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

The purpose of this study was to determine the direct and indirect effect of growth opportunity and the tax shield that is mediated by the capital structure of the company's performance in the manufacturing sector of the consumer goods industry listed in Indonesia Stock Exchange (IDX) in the 2009-2012 period.The population in this study were 38 companies manufacturing consumer goods industry sector, and the sample used in this study were 27 companies with the number N of data as much as 104. The sample data collection technique is based on purposive sampling. Data analysis using descriptive analysis and path analysis.Based on the results of this study indicate that growth opportunity has a significant negative effect directly on the performance of the company, the tax shield has a significant influence directly on the performance of the company, capital structure has a significant negative effect directly on the performance of the company, growth opportunity does not have a significant effect on performance companies through direct capital structure and tax shield does not have a significant effect on the performance of the company through direct capital structure. This means that capital structure is not able to mediate the relationship between growth opportunity and the tax shield on the performance of the company.Keywords: Growth Opportunities, Tax Shield, Capital Structure and Company Performance.
PENGARUH GOOD CORPORATE GOVERNANCE INDEKS DAN FINANCIAL DISTRESS TERHADAP NILAI PERUSAHAAN DENGAN KINERJA PERUSAHAAN SEBAGAI VARIABEL INTERVENING (STUDI PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PERIODE 2009-2012) Liza Tamarani; Yulia Efni; Haryetti -
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

The purpose of this study was to determine whether there is any effect of good corporate governance index and Financial Distress to company value with corporate performance as an intervening variable in manufacturing companies listed on the Indonesia Stock Exchange 2009-2012.The population in this study was 143 Manufacturing companies listed on the BEI. The sample used in this study were 35 companies selected by purposive sampling. Hypothesis testing performed in this study by using statistical methods, namely; normality test, linear test, and coefficient of determination. Based on the hypothesis testing and data analysis has been conducted in this study can be concluded about the effect of corporate governance indices and Financial Distress on Company Value with the performance of the company as an intervening variable. Based on the results of this study indicate that the implementation of the GCG index has no significant effect directly to company performance. financial distress significantly influence directly to company performance, GCG index does not significantly influence directly to company value, financial distress does not significantly influence directly to the company value, the company performance has a significant effect directly to company value. This means that the company performance is only able to moderate the relationship between financial distress on the comapany value.Keywords: Good Corporate Governance index (GCG index), Financial Distress, Company Performance and Value Company
PENGARUH KEPUTUSAN PENDANAAN DAN KEADAAN PASAR MODAL YANG DI MEDIASI OLEH RISIKO KEUANGAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR SEKTOR ANEKA INDUSTRI YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PERIODE 2008-2012 Ganda Nugraha; Yulia Efni; Haryetti '
Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi Vol 1, No 2 (2014): wisuda oktober 2014
Publisher : Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi

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Abstract

The aim of the research is to test the direct and indirect effect of financing decision and capital market condition in mediated by risk toward firm value the company manufactures a variety of industrial sectors companies listed in Indonesia Stock Exchange (IDX) period 2008-2012. The population of the research is 54 company and the variety of industry sectors into a sample of 21 companies by N of data as much as 105. The sampling method used is based purposive sampling. Data analysis using descriptive analysis and path analysis. By path analysis, some important findings are obtained that financing decisions no significant influence directly toward company value. Capital markets condition directly is significant influence toward company value. Financing decisions no significant influence directly toward Financial risk. Capital markets condition directly is significantly influence toward Financial risk. Financial risk no significant influence direct toward company value. This means indirectly the financial risk is not able to mediate the relationship between financing decisions toward company value. And financial risks are also not able to mediate the relationship between the capital markets condition toward value of company.Keywords: Financing decision, capital markets condition and company value
Pengaruh Keputusan Investasi dan Keputusan Pendanaan yang Dimediasi Oleh Risiko Terhadap Nilai Perusahaan (Studi Pada Perusahaan Manufaktur Sektor Aneka Industri Periode 2008-2012) Meitri Handayani; Yulia Efni; Ahmad Fauzan Fathoni
Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi Vol 1, No 2 (2014): wisuda oktober 2014
Publisher : Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi

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Abstract

The purpose of this research is to examine direct and indirect effect of investment decision and financing decisionon business risk and firm value. Furthermore inderect effect on examined with testing investment decision and financing decision on firm value mediated by business risk. Purposive sampling is use to get our samples from fifty-four firms population that include in miscellaneous industry. We get twenty-one firms that used as our samples to analysis the data we use path analysis. The result show that investment decision didn’t influential toward risk, but financing decision is influentian toward risk. Investment decision didn’t influential toward firm value but financing decision is influentian toward firm value. and risk didn’t influential toward firm value. this indicates that risk varable only mediates the financing decision on firm value.Keywords: Investment Decisions, Financing Decision, Enterprise Risk and Firm Value
PENGARUH KEPUTUSAN INVESTASI DAN KEBIJAKAN DEVIDEN YANG DI MEDIASI OLEH VARIABEL RISIKO TERHADAP NILAI PERUSAHAAN STUDI PADA PERUSAHAAN MANUFAKTUR SEKTOR ANEKA INDUSTRI YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2008-2012 Ruth Siregar; Yulia Efni; Ahmad Fauzan Fathoni
Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi Vol 1, No 2 (2014): wisuda oktober 2014
Publisher : Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi

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Abstract

The purpose of this research is to examine direct and indirect effect ofinvestment decision and dividend policy, business risk and firm value.Furthermore inderect effect on examined with testing investment decision and dividend policyon firm value mediated by business risk. Purposive sampling is use to get our samples from fifty-four firms population that include in miscellaneous industry. We get twenty-one firms that used as our samples to analysis the data we use path analysis. The results of this study indicate that direct investment decision no significant effect on the business risk, dividend policy no significant effect on business risk directly. Direct investment decision no significant effect on the firm value, dividend policy directly significant effect on firm value. Direct business risk had significant effect on firm value. This means that the business risk is not able to mediate the relationship between investment decision on firm value And business risk are also not able to mediate relationship between the dividend policy condition on the firm value.Keywords:Investment Decision, Dividend Policy, Business Risk, and Firm Value
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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Abstract

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 KEBIJAKAN DIVIDEN, KEPEMILIKAN MANAJERIAL, DAN UKURAN DEWAN DIREKSI TERHADAP KEBIJAKAN HUTANG (Studi pada Perusahaan Sektor Perbankan yang Terdaftar di Bursa Efek Indonesia Periode 2011-2015) Nur Febriyana Dewi; Yulia Efni; Andewi Rokhmawati
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 determine the effect of Dividend Policy,Managerial Ownership and Board of Directorsto the Debt Policy with Firm Size as a control variable. The population in this study was banking companies listed in Indonesia Stock Exchange in the period of 2011-2015. Dependent variable in this study has Debt Policy, while independent variables are Dividend Policy, Managerial Ownership, Board of Directors and Firm Size as control variables. This study had population as many as 45.This study used purposive sampling techniques and the samples included were 29 companies. To analysis the data, this research used are multiple regression by using SPSS version 23.00. The results show that the Dividend Policy,Managerial Ownership, Board of Directorsand Firm Size simultaneously have a significant effect on Debt Policy. Meanwhile partially, Dividend Policy has anegative significant effect on Debt Policy.Managerial Ownership does not have a significant effect on Debt Policy. Board of Directors has a negative significant effect on Debt Policy. Firm Size has a positive significant effect on Debt Policy.Keywords: Debt Policy (DER), Divident Policy (DPR), Board of Directors (BZ) and Firm Size (SIZE).
PENGARUH STRUKTUR KEPEMILIKAN MANAJERIAL DAN GROWTH OPPORTUNITY TERHADAP STRUKTUR MODAL DAN KINERJA KEUANGAN PERUSAHAAN (STUDI PADA PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI DAN KONSUMSI BARANG YANG TERDAFTAR DI BEI PERIODE 2009-2012) Mimi Khairani; Yulia Efni; Haryetti -
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

The purpose of this study was to determine whether there is any effect of Managerial Ownership Structure and Growth Opportunity for Financial Performance Company with capital structure as an intervening variable in the manufacturing industry sector and consumption of goods listed on the BEI 2009-2012.The population in this study were 26 companies Manufacturing Industry sector and consumption goods listed on the BEI. Hypothesis testing conducted in this research is by using statistical methods, namely; normality test, linear and coefficient of determination. Based on the hypothesis testing and data analysis has been carried out in this study can be concluded regarding the influence of Managerial Ownership Structure and Growth Opportunity for Financial Performance Company with capital structure as an intervening variable.Based on the results of this study indicate that the Managerial Ownership Structure not significant effect directly on capital structure, Growth Opportunity significantly influence directly on Capital Structure, Ownership Structure Managerial no significant effect directly on the Financial Performance of the Company, Growth Opportunity no significant effect directly on the Company's Financial Performance. Capital Structure significant effect on the Company's financial performance directly, but the capital structure are not able to moderate the relationship between Managerial Ownership Structure and Corporate Financial Performance. In addition, Capital Structure able to moderate the relationship between Growth Opportunities and Corporate Financial Performance.Keywords: Managerial Ownership Structure, Growth Opportunities, Capital Structure and Corporate Financial Performance.
ANALISIS KINERJA REKSA DANA SAHAM MENGGUNAKAN METODE SHARPE, M SQUARE DAN INFORMATION RATIO DENGAN INDEKS LQ-45 SEBAGAI BENCHMARK Meinanda Dwi Cahya; Yulia Efni; Fitri Fitri
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 was aims to determine the mutual fund performance to the benchmark by using Sharpe, M Square and Information Ratio Method. The population in this research was mutual fund listed in Financial Service Authority as many as 245 mutual funds. The sample collection has been carried out by using purposive sampling technique. Based on determined criteria, the samples are 23 mutual funds. The measurement of mutual fund performance and its benchmark used Sharpe, M Square and Information Ratio Method. The analysis the data, this researh is defferent test by using Statistical Package for the Social Sciences (SPSS) version 23. The result of this research shows based on the Mann-Whitney U different test has concluded that there is no significant difference of mutual fund performance with LQ-45 Index measured by Sharpe Method. There is no significant difference of mutual fund performance with LQ-45 Index measured by M Square Method. There is no significant difference of mutual fund performance with LQ-45 Index measured by Information Ratio Method. Moreover, the result of this research shows based the Kruskal Wallis different testhas concluded that there is no significant different of mutual fund performance measured by Sharpe, M Square and Information Ratio Method.Key Word : Mutual Fund, Mutual Fund Performance, Sharpe, M Square and Information Ratio
PENGARUH STRUKTUR KEPEMILIKAN, STRUKTUR MODAL DAN UKURAN PERUSAHAAN TERHADAP KINERJA PERUSAHAAN (Studi Pada Perusahaan Properti dan Real Estate Yang Terdaftar Di Bursa Efek Indonesia Periode 2011-2015) Ardi Wiranata; Andewi Rokhmawati; Yulia Efni
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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Abstract

The purpose of this research was to know the influence of foreign ownership, managerial ownership, institutional ownership, capital structure, company size to company performance. The capital structure in this study is calculated through debt equity ratio (DER) and firm size was calculated with logarithma of total asset. While the bound variable in this research is measured by return on asset (ROA). This study was conducted on property and real estate companies listed on the Indonesian Stock Exchange (IDX) from 2011-2015. The samples studied were 36 companies obtained by purposive sampling method. The type of data used is secondary data obtained by using documentation method. Data analysis method used in this research was multiple linear regression. The simultaneous test results of ownership structure, capital structure, firm size have significant effect to company performance. Partial test of foreign ownership does not have on effect on company performance. Managerial ownership does not have on effect on company performance. Instutitional ownership has a significant effect on company performance. Capital structure has a significant effect on company performance. Company size has a significant effect on company performance.Keywords : Ownership Structure, Capital Structure, Company Size, Company Performance