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Journal : Diponegoro Journal of Management

ANALISIS PENGARUH CORPORATE GOVERNANCE DAN LEVERAGE TERHADAP PROFITABILITAS PERUSAHAAN DENGAN FIRM SIZE SEBAGAI VARIABEL KONTROL (Studi Empiris : Perusahaan Go Public Non Keuangan yang Terdaftar di Bursa Efek Indonesia Tahun 2009 sampai dengan 2014) Hardiyawan, Aditya Tri; Demi Pangestuti, Irene Rini
Diponegoro Journal of Management Volume 4, Nomor 4, Tahun 2015
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

This  Research  aims  to  analyze  the  influence  of  board  independent,  board    ofdirectors, institusional ownership, managerial ownership, and leverage to financial performance that measured by ROA. fThis research also used firm size as control variable. Case study on company non financial in Indonesian Stock Exchange in period 2009-2014.The sampling technique used in this research is purposive sampling. There are 60 companies that used during the research. Analytical technique used in this research is multiple regression analysis by using SPSS 21. In this study the data were obtained from the Indonesian Capital Market Directory (ICMD) 2009-2014, IDX Company Report 2009-2014, and www.idx.co.id. Analysis technique used Ordinary Least Square Regressio (OLS), statistical t-test and classic assumption test that includes a test of normality test, multicollinearity test, heteroskedastisitas test, autucorrelation test.The result shows that board independent and managerial ownership haven’t influenced to ROA, board of directors and institutional ownership has positive influenced to ROA,  and leverage has negative influenced to ROA,
ANALISIS EFISIENSI BANK UMUM SEBELUM DAN SETELAH KRISIS EKONOMI 2008 DENGAN MENGGUNAKAN METODE NON PARAMETRIK DATA ENVELOPMENT ANALYSIS (DEA) Suharno, Arfinda Piradipta; Demi Pangestuti, Irene Rini
Diponegoro Journal of Management Volume 3, Nomor 3, Tahun 2014
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

The economic crisis that occurred in quarter IV of 2008 until the quarter II 2009 which took place in the world including Indonesia handy, have resulted in a variety of global financial institutions suffered losses and bankruptcy. Bankruptcy that plagued banks-banks in Indonesia is affected by bank accepted deposits increased, while loans provided decreased, leading to increased interest on loans given to banks.Population research used are commercial banks listed on the IDX (Indonesia stock exchange) period 2006-2012. This study used the method of DEA (Data Envelopment Analysis) and test different ANOVA.The results of hypothesis testing with different ANOVA test showed the presence of tidal differences in the efficiency of banking performance before and after the economic crisis. The results can provide advice to companies banking on anticipated at the time of the crisis, bank indonesia concerning the banking performance evaluation andimplementation of the industrial policy of banks, borrowers, investors, banks and stockholders about the banking efficiency information at the time of the crisis.
PENGARUH CAR, NPL, LDR, GROWTH DEPOSIT DAN BANK OWNERSHIP TERHADAP NIM DENGAN BANK SIZE SEBAGAI VARIABEL KONTROL (Studi Empiris pada Bank Konvensional yang Terdaftar Pada Bursa Efek Indonesia Periode 2010-2014) Fathinna, Sarah Dewi; Demi Pangestuti, Irene Rini
Diponegoro Journal of Management Volume 5, Nomor 3, Tahun 2016
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

This research aims to test the influence of Capital Adequacy Ratio, Non Performing Loan, Loan to Deposit Ratio, Growth Deposit, and Bank Ownership to Net Interest Margin, with using Bank Size as control variable to compare the difference between using Bank Size as control variable and not using Bank Size as control variable.Research population in this paper is Banking listed in IDX 2010-2014 period and the amount of the banks is 30 not-liquidated banks by IDX and Bloomberg. Analysis technique used by this research is Pooled Panel OLS (Ordinary Least Square) with F-statistic test, t-statistic test, classic assumption test such as Normality test, Autocorrelation test, Heteroscedasticity test, and Multicolinearity test. Results show that CAR  and LDR have positive and significant to NIM, NPL and Growth Deposit have negative and significant to NIM, Bank Ownership has positive and not significant to NIM.
ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI STOCK UNDERPERFORMANCE IPOPADA PERUSAHAAN YANG LISTING DI BURSA EFEK INDONESIA TAHUN 1998-2012 Robinson, Robinson; Pangestuti, Irene Rini Demi
Diponegoro Journal of Management Volume 4, Nomor 2, Tahun 2015
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

This study aims to examine the factors that affect stock underperformance of IPOshares  listed  on  the  Indonesia  Stock  Exchange.  This  study  uses  eight  independent variables, namely hot market (TIME), firm age (Age), underwriter reputation (UR), underpericing (UP), IPO volume (VOL), industry dummy (INDUM), capitalization of IPO (SIZE), with the dependent variable is the underperformance.The sampling technique used was purposive sampling criteria (1) The Company listed its shares on the Indonesia Stock Exchange, (2) Shares IPO companies experienced underperformance in the first period of one year, (3) the company has sufficient data to do research. The data sample obtained was 107 companies. The analytical method used is a multivariate regression. The assumption of classical test and hypothesis test using t- statistic, testing the coefficient of determination (R2), and the F-statistic to test the effect of model variables together with a significance level of 5%. This study also includes the classic assumption normality test, autocorrelation test, heteroscedasticity test, and multicollinearity test.Based on the data normality test results, the study shows that the data are normally distributed. Based on the test results with the classical assumption of multicollinearity test, autocorrelation and heteroscedasticity test did not find any data that deviate from the classical assumption. It shows that the data used in this study are qualified to use a multivariate regression model. From the analysis in this study showsage of the company during  the IPO (Age) variable significant  negative effect  on  stock underperformance. Underprice variable positive and significant effect on stock underperformance.Variable IPO volume (VOL), has a negative and significant impact on the stock underperformance. Variable hot market (TIME), industry dummy (INDUM), and capitalization IPO (SIZE) has a negative correlation coefficient and no significant effect on stock underperformance. Variable underwriter reputation (UR) has a positive correlation coefficient and no significant effect on stock underperformance.
ANALISIS PENGARUH ROE, ROA, EPS, DPS, DOL, DAN DFL TERHADAP MARKET VALUE ADDED PADA INDUSTRI MANUFAKTUR DI BEI TAHUN 2011-2014 Sitorus, Michael; Demi Pangestuti, Irene Rini
Diponegoro Journal of Management Volume 5, Nomor 3, Tahun 2016
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

This Research aimed to analyze the influence of Return on Equity, Return on Assets, Earnings Per Share, Dividend Per Share, Degree Of Operating Leverage and Degree Of Financial Leverage to Market Value Added. Case study on manufacture company in Indonesia Stock Exchange during the period 2011- 2014 Research population used manufacture company in Indonesia Stock Exchange during period 2011-2014. By using purposive sampling method obtained a sample of 19 companies. Company data used in this study was obtained from the Indonesian Capital Market Directory for 2010-2014 and www.idx.com. The analysis technique used is Ordinary Least Squares Regression (OLS). The results showed only a Dividend Per Share (DPS) which has positive and significant against Market Value Added, while ROE, ROA, EPS, DOL, and DFL does not affect the Market Value Added.
PENGARUH STRUKTUR KEPEMILIKAN, CORPORATE GOVERNANCE, DAN UNDERWRITER REPUTATION TERHADAP IPO UNDERPRICING (Studi Empiris Pada Perusahaan Yang IPO di Bursa Efek Indonesia tahun 2006-2014) Irawan, Puji; Demi Pangestuti, Irene Rini
Diponegoro Journal of Management Volume 4, Nomor 4, Tahun 2015
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

Underpricing is a phenomenon when the price in the IPO is lower than the secondary market so that issuers can’t maximally to obtaining additional capital from go public. It is often occurs in various countries in the world. In Indonesia from 2006-2014 there are 189 companies and 153 companies or 80,9% companies experienced underpricing. Underpricing not only influenced by financial factors but also non financial factors (board structure an ownership structures).This study aimed to examine the effect of board size, board independence, ownership concentration, institutional ownership, and the underwriters of the IPO underpricing reputation.The research sample as many as 64 companies had an Initial Public Offering (IPO) in Indonesia Stock Exchange in 2006-2014 and experiencing underpricing. The sampling method used in this study is proposive sampling. Technical analysis that used in this study is Ordinary Least Squares Regression (OLS), t statistical test, and classical assumption test including normality test, multicolinearity test, heterocedasticity test, and autocorrelation test.These results indicate that the number of commissioners have a negative and significant effect on underpricing, while the concentration of ownership has a positive and significant effect on underpricing. However, there was no significant effect of the independence of the commissioners, institutional ownership and reputation underwiter the level of underpricing.
PENGARUH STRUKTUR PASAR, KOMPETISI, DIVERSIFIKASI, DAN RISIKO KREDIT TERHADAP PROFITABILITAS BANK DENGAN BANK SIZE SEBAGAI VARIABEL KONTROL (STUDI PADA BANK YANG TERDAFTAR DI BURSA EFEK INDONESIA) Putra, Aditya Mahendra; Pangestuti, Irene Rini Demi
Diponegoro Journal of Management Volume 8, Nomor 1, Tahun 2019
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

The aims of this research was to examine the effect of market structure (market share,) competition (lerner index), diversification (herfindahl-hirschman index), and credit risk (non performing loans) on Return on Asset (ROA) as a measure of profitability. Firm size is added as control variable on this research. This research used secondary data with population consist of 44 banking listed in Indonesia Stock Exchange in the period of 2012-2016. The purposive sampling method was used in selecting the research sample and 26 banking are chosen to being sample on this research. This research used multiple regression technique for measure the statistic analysis. The result of this research shows that market structure, competition and diversification has a positive significant effect on profitability, but credit risk has a negatif significant effect on profitability.
ANALISIS PENGARUH AVERAGE DAY’S INVENTORY, AVERAGE COLLECTION PERIOD, AVERAGE PAYMENT PERIOD, DEBT TO EQUITY RATIO, CURENT RATIO, SIZE, DAN GROWTH TERHADAP PROFITABILITAS PERUSAHAAN Fatiha, Cynthia Rahma; Demi Pangestuti, Irene Rini
Diponegoro Journal of Management Volume 4, Nomor 3, Tahun 2015
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

The purpose of this study is to identify and analyze the factors that affect to return on assets (ROA) at manufacturing companies in 2010-2013. ROA is a dependent variable in this study, as an indicator of profitability. There are seven independent variables used, the average day's inventory, average collection period, average payment period, debt-to-equity ratio, current ratio, size, and growth.               Sampling techniques is purposive sampling with certain criteria, ie companies listed on the Stock Exchange 2010-2013 period, so there are seventy-six datas as sample of one hundred fifty two manufacturing companies in Indonesia during the period 2010-2013. The data is processed by using a multiple linear regression equation with odinary least squares method using the SPSS program.            The result showed that there is a negative and significant correlation between the average day’s inventory, average collection period, and debt to equity ratio to the ROA, while there is a positive and significant relationship between the Size to the ROA.
Analisis Pengaruh CAR, NPL, LDR, NIM, dan BOPO Terhadap Profitabilitas Bank (Perbandingan Bank Umum Go Public Dan Bank Umum Non Go Public Di Indonesia Periode Tahun 2011-2014) Avrita, Risky Diba; Demi Pangestuti, Irene Rini
Diponegoro Journal of Management Volume 5, Nomor 2, Tahun 2016
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

This study aimed to analyze the influence of Capital Adequacy Ratio (CAR), Non Performing Loan (NPL), Loan to Deposit Ratio (LDR), Net Interest Margin (NIM), Operating Expenses to Operating Income (BOPO) of the Banking Profitability (ROA). The population in this study is the object of all commercial banks in Indonesia which consists of banks go public and non go public banks listed in the Otoritas Jasa Keuangan in 2014. While the number of samples used by 69 commercial banks, comprised of 23 banks go public and 46 bank non go public. Samples were taken by purposive sampling system with the criterion that the banking companies whose financial statements have been published by the Otoritas Jasa Keuangan in the period 2011-2014. The method used in this study using multiple regression analysis with the hypothesis test tools t test and F test. Through the simultaneous hypothesis test (test F) note that the CAR, NPL, LDR, NIM and ROA have significant effect on the profitability of banks, both banks go public and non bank go public with a significance level of 0.000. While based on the partial hypothesis test (t test) on commercial banks to go public indicates that the variable NPL, NIM and BOPO significant effect on bank profitability(ROA). While the variable CAR and LDR no significant effect on bank profitability. The value of adjusted R2 in regression models go public bank obtained at 0.869. This shows that the influence of independent variables namely CAR, NPL, LDR, NIM and BOPO to dependent variable (ROA) of 86.9% while the remaining 13.1% is influenced by other factors. On the results of partial hypothesis test (t test) on banks non go public indicates that the variable CAR and BOPO significant effect on bank profitability. While variable NPL, LDR and NIM no significant effect on bank profitability (ROA). The value of adjusted R2 in the regression model non go public bank earned 0.637. This shows that the influence of independent variables namely CAR, NPL, LDR, NIM and BOPO to dependent variable (ROA) of 63,7% while the remaining 36.3% is influenced by other factors.
ANALISISPERBEDAAN FAKTOR-FAKTOR YANG BERPENGARUH TERHADAP PROFITABILITAS BANK KONVENSIONAL DAN BANK SYARIAH DI INDONESIA PERIODE TAHUN 2011 - 2018 Priono, Andri; Pangestuti, Irene Rini Demi
Diponegoro Journal of Management Volume 8, Nomor 3, Tahun 2019
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

This study aims to analyze how profitability differs between conventional banks and Islamic banks in Indonesia by analyzing the effect of Equity to Total Assets (ETA), Loan Loss Provision (LLP), Loan to Total Assets (LTA), Operation Costs (OC), Size , Non Interest Income (NII), and Market Power (MP) to ROA.Currently, Islamic banks are developing rapidly in Indonesia. Many conventional banks began to open sharia activities, so that the majority of Indonesian people who are Muslim can use the services of banks without having to fear usury (riba). The sample in this study is conventional commercial banks that open business activities according to sharia principles, and all Islamic commercial banks which are subsidiaries of conventional commercial banks or the results of conversion from conventional commercial banks, with the period from 2011 to 2018 and their financial statements can be accessed through Otoritas Jasa Keuangan (OJK) website, Bloomberg, and official website of the these banks. The method used in this study uses multiple regression analysis with a hypothesis testing tool that is the t test and the F test. However, before conducting multiple regression analysis, the classical assumption test is first performed. To analyze the differences, the Chow-Test and Independent-T Test Sample are used.Through partial hypothesis test results (t test) on conventional commercial banks, it shows that LLP, LTA, SIZE, NII, and MP variables have a significant effect on ROA. Whereas Islamic banks show that the variables ETA, LLP, OC, NII, and MP significantly influence ROA. Adjusted R² in regression models with conventional banks amounted to 80.1%; whereas in Islamic banks is 76.6%. Based on the Chow-Test it can be concluded that there are significant differences from the influence of independent variables on ROA of conventional commercial banks and Islamic commercial banks so that the profitability between the two types of banks is different.
Co-Authors Aditya Tri Hardiyawan, Aditya Tri Advento Johanes Pangomo Ajeng Nurmalasari Al Hazmi, Muhammad Zaky Afkar Amie Kusumawardhani, Amie Andri Ismatullah Gani Ardian, Rico Arfinda Piradipta Suharno, Arfinda Piradipta Ariyani, Hilma Faza Augusty Tae Ferdinand Basthiani, Ikrimah Anggita Budi Rahman Clara Dewi Novitasari, Clara Crissy Norris Sianturi, Crissy Norris Cynthia Rahma Fatiha, Cynthia Rahma Cyrena, Maudhita Desi Natalia Pardede, Desi Natalia Dinar Nur Septiyanto Ega Arminta Ega Arminta Fachry Abda El Rahman Fauziah Putri Gantika, Fauziah Febrina Wahyu Widiasari, Febrina Gloria Anindya Perwitaningtyas, Gloria Anindya Hariyanti, Nunik Harjum Muharam Hersugondo Hersugondo Idris Idris Imam Indra Permana Indana, Dina Intan Puspitasari Intan Puspitasari Isdiputra, Feisal Johanis Darwin Borolla Kinasih, Raras Sekar Lhadualiese Sidauruk, Lhadualiese Luthfiati, Fitria Makusara, Kumaralalita Marpaung, Clier Romi Melati Lindasari, Melati Meryta Wityasari, Meryta Meygawan Nurseto Aji Michael Sandra Pramana, Michael Sandra Michael Sitorus, Michael Mochammad Chabachib Mudzakir, Fahmi Utomo Muhammad, Yusuf Muninggar, Aliya Inggita Prameswari Mussadun Mussadun, Mussadun Nashirah, Azizah Fatin Nida ‘Ul Chasanah, Fatihah Nugrahandini, Yuliastanti Nurul Hakim, Nurul Oktaviani oktaviani Otto Fitriandy Pradhipta, Rama Dwika Prianka Ratri Nastiti, Prianka Ratri Priono, Andri Puji Irawan, Puji Putra, Aditya Mahendra Putri, Aisya Sylvana Rahmadani, Salsabila Gading Ramadhan, Iqbal Ryan Retno Susanti Risky Diba Avrita, Risky Diba Robinson robinson Robiyanto Safitri, Maria Sarah Dewi Fathinna, Sarah Dewi Septi Rianasari, Septi Simanjuntak, Tagora Bangkit Pahala Siwa Adnyana, Ida Bagus Putu Soares, Ersilda Dos Santos Mota Soegiono Soegiono Sugeng Wahyudi, Sugeng Suryanegara, Arya Susilo Toto Raharjo Swaskarina, Neisya Hafizha Triana, Tika Tsabit, Ilhaam Anggra Za’im Wafdayanti, Haasya Wakhidah Kurniawati Widiastuti, Cahyaning Ajeng Wisesa, Baskara Bayu Wisnu Mawardi Yesica Yulian Adicondro, Yesica Yulian Yesy Hartina Alusia, Yesy Hartina Yudha, Aji Yudistira, Eka Maisa Yuwana Sari, Rida