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PENGARUH CAPITAL ADEQUACY RATIO (CAR), FINANCING TO DEPOSIT RATIO (FDR), UKURAN DIREKSI, UKURAN DEWAN PENGAWAS SYARIAH, DAN UKURAN BANK TERHADAP RETURN ON DEPOSIT (ROD) PADA BANK UMUM SYARIAH DI INDONESIA DENGAN KEPEMILIKAN ASING SEBAGAI VARIABEL DUMMY Nofendi, Deki; Wahyudi, Sugeng
Diponegoro Journal of Management Volume 6, Nomor 4, Tahun 2017
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

Return on Deposit (ROD) is one of profitability measures in syaria bank. The purpose of this paper is to analyze determinants of Return on Deposit (ROD)   of syaria bank in Indonesia. Those determinant factors are Capital Adequacy Ratio (CAR), Financing to Deposit Ratio (FDR), board size, Shari’a Supervisory Board size, bank size, market interest rate, and foreign ownership. The sample in this study consisted of 11 syari’a banks from year periode of 2011 until 2015. The sample was selected by purposive sampling method. The research hypothesis testing method of this paper uses multiple regression analysis. The results show that Capital Adequacy Ratio (CAR), Financing to Deposit Ratio (FDR), and Shari’a Supervisory Board size  significantly influence Return on Deposit (ROD) in positive way. However, the results do not show any relationship between board size and  Return on Deposit (ROD) neither do banks’ size and Return on Deposit (ROD). Domestic sharia bank has better ROD’s performance than foreign sharia bank.
KEBIJAKAN HEDGING DAN FAKTOR-FAKTOR YANG MEMPENGARUHINYA (Studi Empiris Pada Perusahaan Non Finansial yang Terdaftar Di BEI Periode 2012-2014) Goklas, Fernando; Wahyudi, Sugeng
Diponegoro Journal of Management Volume 5, Nomor 4, Tahun 2016
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

Foreign exchange risk is one of the biggest risks facing the company in its activities in international trade. Changes in foreign currency exchange rates may result in losses to the company. Therefore, companies must anticipate doing risk management one of which is through hedging policy. This study aimed to analyze the effect of liquidity, managerial ownership, dividend policy, leverage, cash flow volatility, growth opportunity and control variables company size on the derivative instruments hedging policy on non-financial companies listed on the Stock Exchange 2012-2014.This study using purposive sampling method in order to obtain a total of 27 sample companies. This study used logistic regression analysis to determine the variables that affect the use of derivative instruments as hedging policy tool. Tests using logistic regression analysis only Overall Model Fit Test, Cox and Snell's R Square and Nagelkerke's R Square, Hosmer and Lemeshow Goodness of Fit Test, Classification Table and logistic regression analysis, so it does not require normality test.The results showed empirical evidence there are two variables that significantly influence the policy of hedging derivative instruments. Variable liquidity and volatility of cash flow positive and significant effect and in accordance with the predicted against the policy of hedging with derivatives insturmen. As for the other independent variables that significantly affect dividend policy does not however have the effect as predicted direction. In variable managerial ownership, leverage and growth opportunity not show direction as predicted. Control variables firm size did not show significant results on the dependent variable.
ANALISIS PENGARUH GWM, EQUITY RATIO, EARNING VOLATILITY, CREDIT RISK, DAN SIZE TERHADAP LIQUIDITY CREATION PADA BANK UMUM DI INDONESIA DENGAN SIZE SEBAGAI VARIABEL KONTROL (Studi Kasus Pada Bank Umum di Indonesia Periode 2010-2014) Pratama, Raditya Utari Putra; Wahyudi, Sugeng
Diponegoro Journal of Management Volume 5, Nomor 1, Tahun 2016
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

The purpose of this study was to analyze the influence of Reserve Requirement Ratio (RRR), Bank Capital Ratio (EQRAT), Earning Volatility (EARNVOL), Credit Risk, and Size toward Liquidity Creation ten largest Conventional Banks in Indonesia. The sampling technique used in this study is purposive sampling technique with the criteria of ten largest conventional Banks who publish annual financial reports periodically during 2010-2014. The data used in this study was obtained from annual financial reports on the website of conventional Banks with a sample of ten largest conventional Banks in Indonesia. Methods of data analysis in this study with Multiple Regression Analysis, which previously performed classical assumption test. Hypothesis testing using F-statistic test, t-statistical test and the determination of coefficients Adjusted  with a significance level of 5%. The results of the study are the independent variables simultaneously (F test) effect on Liquidity Creation with a significance level of 0.000. While partially (t test) showed that the variable RRR, EARNVOL, and Size has no significant effect on Liquidity Creation. Variable EQRAT has significant negative effect on Liquidity Creation. Variable Credit Risk has significant positive effect on Liquidity Creation. Adjusted  is 0.477 which means that the ability of the four independent variables and one control variable can explain Liquidity Creation amounted to 47.7%, while the rest is explained by other factors.
Analisis Pengaruh Kinerja Keuangan dan Good Corporate Governance Terhadap Nilai Perusahaan Dengan Pengungkapan Corporate Social Responsibility Sebagai Variabel Mediating (Studi Kasus Pada Perusahaan Manufaktur yang Terdaftar di BEI Periode 2010-2014) S Depari, Frans Elkana; Wahyudi, Sugeng
Diponegoro Journal of Management Volume 5, Nomor 3, Tahun 2016
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

This study aimed to examine the effect of the financial performance and corporate governance on corporate value with the disclosure of corporate social responsibility as a mediating variable. The dependent variable in this study is the value of a company that is proxied by Price Book Value, the independent variable is corporate governance and financial performance, as well as mediation variable is the social responsibility disclosure perususahaan.This study uses secondary data derived from the financial statements of companies listed on the Indonesia Stock Exchange 2010-2014. Total observation amounted to 121 companies. This study using purposive sampling method and to test hypotheses using multiple regression analysis and Sobel test with SPSS 21. Prior to the multiple regression analysis, first tested using classic assumption test.The results showed significant negative effect of managerial ownership to social responsibility, ROA is not insignificant to social responsibility, social responsibility is not significant to the ROA. Managerial ownership, ROA, social responsibility significant positive effect on firm value. In addition, social responsibility is not able to mediate the relationship between managerial ownership and corporate value and social responsibility are also unable to mediate the relationship between ROA and the value of the company.
ANALISIS PENGARUH NPL DAN LDR TERHADAP NIM DENGAN ROA SEBAGAI INTERVENING, PENGARUH NPL TERHADAP NIM DENGAN CAR DAN ROA SEBAGAI INTERVENING, SERTA BOPO TERHADAP NIM BANK GO PUBLIC DI INDONESIA PERIODE 2011-2015 Nugrahaning P, Sarwendah; Wahyudi, Sugeng
Diponegoro Journal of Management Volume 5, Nomor 4, Tahun 2016
Publisher : Faculty of Economics and Business Diponegoro University

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This study aims to examine the influence of CAR, NPL, LDR to NIM with ROA as Intervening variabel, the influence of BOPO and ROA to NIM, and the influence of NPL to NIM with CAR and ROA as Intervening Variable.The analysis method of this research is Path Analysis and Sobel Test. Total sample of this research is 23 commercial banks, which is obtain through purposive sampling. The data obtained from the official website of Otoritas Jasa Keuangan.The result of this research shows: NPL has negatif and not significant effect on CAR and  has negatif and significant effect on ROA, however has negatif and significant effect on NIM. ROA significantly mediatin NPL to NIM. CAR has positive and not significant effect on ROA, and has positive and significant effect on NIM. LDR has positive and not significant effect on ROA, and positive and significant effect on NIM. ROA significantly mediating LDR to NIM. BOPO and ROA has positive and significant effect on NIM.
Analisis Pengaruh Orientasi Kewirausahaan dan Penerapan SCM Terhadap Kinerja Bisnis UKM Ritel Fashion Jawa Tengah dengan Keunggulan Kompetitif sebagai Variabel Intervening (Studi Pada UKM Ritel Fashion di Jawa Tengah) Agusta, Anthony; Wahyudi, Sugeng; Djastuti, Indi
JURNAL BISNIS STRATEGI Vol 28, No 2 (2019): Desember
Publisher : Magister Manajemen, Fakultas Ekonomika dan Bisnis Undip

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1028.655 KB) | DOI: 10.14710/jbs.28.2.99-109

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Penelitian yang difokuskan pada UKM ritel fashion di Jawa Tengah ini bertujuan utama untuk menganalisa pengaruh dari orientasi kewirausahaan dan penerapan SCM terhadap keunggulan kompetitif serta kinerja bisnis. Penelitian dilakukan dengan cara menyebar kuesioner yang nantinya dilakukan pengolahan data secara statistik. Populasi dari penelitian ini adalah UKM ritel fashion di Jawa Tengah, dimana jumlah populasinya tidak diketahui. Responden dari penelitian ini adalah pengambil keputusan dengan jumlah total 150 orang dari UKM ritel fashion yang tersebar di beberapa kota di Jawa Tengah. Pengolahan data adalah menggunakan metode SEM dengan menggunakan bantuan perangkat lunak AMOS. Hasil dari penelitian ini adalah terdapat hubungan signifikan positif antara variabel keunggulan kompetitif terhadap kinerja bisnis, penerapan SCM terhadap kinerja bisnis, orientasi kewirausahaan terhadap kinerja bisnis, penerapan SCM terhadap keunggulan kompetitif, serta orientasi kewirausahaan terhadap keunggulan kompetitif. Keunggulan kompetitif berfungsi sebagai variabel mediator parsial. Keterbatasan waktu pengisian kuesioner oleh responden, nilai normalitas data pada beberapa variabel yang agak tinggi, dan nilai R squared 0,524 yang cenderung berada di kategori moderat menjadi kelemahan yang ada pada penelitian ini. Akan tetapi, disamping keterbatasan yang ada originalitas dari penelitian ini mampu memperkaya hasil penelitian terdahulu.
Investor Behavior In Green Investment Information Puspitasari, Intan; Wahyudi, Sugeng; Pangestuti, Irene Rini Demi
AL-ARBAH: Journal of Islamic Finance and Banking Vol 2, No 1 (2020)
Publisher : Universitas Islam Negeri (UIN) Walisongo Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/al-arbah.v2i1.5497

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AbstractPurpose - This study aims to analyze the behavior of investors towards voluntary disclosure in the form of green investment information.Method - This research is using qualitative descriptive method, the data will be taken and collected from several literatures and literature studies.Result - The result of this research indicates that there are investors’ behaviors in voluntary disclosure of green investment information.The first, green investor refers to the investors rejecting to the stocks that do not receive green investment, investor will react positively if a disclosure of green investment information stands.The second, the investors react negatively by giving pessimistic respond towards green investment, investors who do not have choice of shares from other companies.Implication - This study uses the data from study of literature.Originality - This research develops several old and new theories related to green investment and it is applied using certain different types of companies as the objects.
PENGARUH FINANCIAL DISTRESS, SIZE, LEVERAGE, OPERATING CASH FLOW, AUDIT QUALITY, OWNERSHIP CONCENTRATION, DAN GROWTH DENGAN GFC SEBAGAI VARIABEL MODERATING TERHADAP MANAJEMEN LABA (Studi pada Perusahaan Manufaktur yang Terdaftar di BEI Periode 2007-2017) Hetami, Muhammad Nighwan; Wahyudi, Sugeng
Diponegoro Journal of Management Volume 10, Nomor 2, Tahun 2021
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

The aim of this paper is to analyze the effect of financial pressure, size, leverage, operating cash flow, audit quality, ownership concentration, and growth as independent variables on earnings management as the dependent variable, and the global financial crisis as a moderating variable. This paper uses Discretionary Accruals as a proxy for earnings management which is calculated using a modified Jones model. The data selection method used was purposive sampling. The total sample used was 50 manufacturing companies listed on the IDX in 2007-2017. Data analysis was performed using multiple linear regression analysis method. Our results showed that financial distress, leverage, operating cash flow, ownership concentration had a significant negative effect on earnings management. Therefore, audit quality and growth have a significant positive effect on earnings management, while size has no significant effect on earnings management, and the global financial crisis does not moderate the relationship between financial distress and size on earnings management.
Penal Policy on Assets Recovery on Corruption Cases in Indonesia Wahyudi, Sugeng
JILS (Journal of Indonesian Legal Studies) Vol 4 No 1 (2019): Penal Policy and The Development of Criminal Law Enforcement
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jils.v4i01.28224

Abstract

Corruption is an extraordinary crime whose impact on actions can undermine a country, corruption is increasingly becoming increasingly common. Even though not a few of the former state officials or state officials until all the villages have felt how fierce the law enforcers, especially the KPK arrested them all, either hand-grabbing operations or the development of public reporting, impressed by them all were endless corruptors kept appearing , Law enforcement in this modern era is not only concerned with prosecution and prevention, in this case corruption is regulated by the return of state losses as asset recovery, which in turn will maximize the return of state losses from corruptors. As for the problems of this study are: 1. Why is the politics of criminal law (strafrechtpolitiek) in the framework of restoring state losses not significant with the real state losses due to criminal acts of corruption? 2. How is the politics of criminal law ideally (strafrechtpolitiek) implemented so that the maximum return on state losses due to corruption? The benefits of research consist of theoretical benefits and practical benefits. Theoretical benefits are expected to contribute to theoretical thinking in criminal law, especially concerning the politics of criminal law in the context of eradicating criminal acts of corruption. Practical benefits are expected to be able to provide information scientifically to the public both in general and specifically. This study uses a descriptive legal approach that is supported by primary, secondary and tertiary data obtained from documentation and literature studies then analyzed using qualitative descriptive analysis methods. The results showed that the Politics of Criminal Law in the Framework of Returning State Losses due to Corruption in Indonesia was not maximal, as evidenced by the lack of maximum or no maximum return on state losses for corruption, therefore recommendations on simplifying regulations in terms of early prevention or since In the beginning of corruption cases which caused a lot of damage to the state's financial need, there was a special formulation so that the handling could be maximized to restore state losses in corruption.
ANALISIS PENGARUH GROWTH, FIRM SIZE, EARNING VOLATILITY, TANGIBILITY, ROA, DAN LIQUIDITY TERHADAP RASIO SOLVABILITAS (Studi Empiris pada Seluruh Perusahaan Transportasi di Indonesia yang Tercatat di BEI Periode 2015-2019) Nisa, Marsya Ainun; Wahyudi, Sugeng
Diponegoro Journal of Management Volume 10, Nomor 3, Tahun 2021
Publisher : Faculty of Economics and Business Diponegoro University

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Abstract

ABSTRACT The purpose of this research to determine any factors that influencing Company Growth (GROWTH), Firm Size (FSIZE), Earning Volatility (EVOL), Tangibility (TAN), Return on Assets (ROA), and Liquidity (LIQ) to the level of Solvency of ratio with 2 calculation of 2 ratio are Debt to Asset (DTA) and Debt to Equity (DTE) for transportation companies in Indonesia. This study uses secondary data that obtained from the annual financial reports of transportation companies that listed on Indonesia Stock Exchange (IDX) during 2015-2019. The total sampel used in this study was 30 samples with the purposive sampling method, that a total of 150 observations were obtained for each dependent variable. This study uses panel data regression method with Eviews 10 program to test the factors that affecting the solvency ratio on the sample. The result from this study is to indicating that FSIZE and LIQ have negative and significant effect on high or low DTA. Inn addition, the results showed that TAN had a negative and significant effect on changes in the level of DTE ratio. But negative and insignificant effect for DTA. The ROA variable has a positive and significant effect on the level of DTA ratio, on the other hand there is a negative and insignificant result on DTE. Meanwhile, the GROWTH and EVOL variables showed no significant effect on the level of the solvency ratio.