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Does Gender Diversity in the Boardroom Improve Firm Performance? Evidence from Indonesia Pananda Pasaribu; Masripah Masripah; Bonnie Mindosa
Economics and Finance in Indonesia Volume 65, Number 1, June 2019
Publisher : Institute for Economic and Social Research

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (246.186 KB) | DOI: 10.47291/efi.v65i1.597

Abstract

This study investigates board gender diversity in Indonesia’s listed firms and its effect on firm performance from 2011–2016. After addressing the endogeneity of diversity, the results in this paper show that the proportion of female in the boardroom marginally improve firm performance. Firms with two or more female in the boardroom have a stronger impact on firm performance than firms with one female in the boardroom, consistent with the critical mass effect. Finally, certain sectors will gain more benefits of appointing females in the boardroom. The results suggest that increasing gender diversity in the boardrooms can have beneficial effects on firm performance, but the benefits may be subject to the critical mass and firm industry.
ANALISIS VARIABEL MAKRO DAN FAKTOR LUAR NEGERI PADA IHSG PERIODE 2004-2007 Bonnie Mindosa
Jurnal Ekonomi Perusahaan Vol. 24 No. 1 (2017): Jurnal Ekonomi Perusahaan Edisi Maret 2017 Vol.24 No.1
Publisher : Business and Entrepreneurship Department, Kwik Kian Gie School of Business and Information Technology, Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (266.102 KB) | DOI: 10.46806/jep.v24i1.500

Abstract

The objective of this study is to examine the impact of macro economy variables, such as: GDP, INFLATION, EXCHANGE RATE, SBI RATE and eksternal factors, such as: HANG SENG INDICES and INTERNATIONAL OIL PRICE toward capital market in Indonesia. The data that used in this study is quarterly since 2004 to 2007. The examination using multiple regression ordinary least square and the classic assumption test is conducted previously. The results revealed that all variables satisfy the ordinary least square basic assumption. The model could describe the variant of independent variable 98% and all variables have strong correlation. The first hypothesis test explained that all variables affect simultaneously and the second hypothesis test explained that only GDP, SBI RATE and INTERNATIONAL OIL PRICE affect IHSG with 5% significant level meanwhile GDP become the dominant variable.Keywords: Macro variables, Eksternal factors, Classic assumption and Multiple regression.
PERSIAPAN DANA PENSIUN : PROGRAM PELATIHAN DAN PENDAMPINGAN BERKELANJUTAN BAGI USAHA MIKRO KECIL DAN MENENGAH (UMKM) ANGGOTA KOPERASI GARUDAYAKSA DI JAKARTA SELATAN Sugi Suhartono; Ari Hadi Prasetyo; Bonnie Mindosa
J-ABDI: Jurnal Pengabdian kepada Masyarakat Vol. 1 No. 11: April 2022
Publisher : Bajang Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53625/jabdi.v1i11.1692

Abstract

Pelatihan dan pendampingan berkelanjutan dalam rangka persiapan dana pensiun ini diselenggarakan bagi pengurus dan anggota Koperasi Garudayaksa Nusantara. Tujuan dari pelatihan ini adalah memahami dan mengetahui tujuan dana pensiun di hari tua, dapat menghitung, memperkirakan dan merencanakan jumlah kebutuhan dana yang akan diperlukan di masa pensiun, memahami dan mengetahui sumber-sumber dana yang dapat digunakan untuk mempersiapkan masa pensiun, memberikan pemahaman dan penjelasan bagaimana cara memlilih produk keuangan yang cocok untuk mempersiapkan dana pensiun. Acara pelatihan ini merupakan kegiatan pengabdian masyarakat bagi dosen-dosen, khususnya staf dosen Akuntansi dan Manajemen Institut Bisnis dan Informatika Kwik Kian Gie. Kegiatan ini dilakukan oleh dosen Kwik Kian Gie bekerja sama dengan Koperasi Garudayaksa Nusantara, Pasar Minggu Jakarta Selatan. Manfaat pelaksanaan pelatihan ini memberikan pengertian, pemahaman, dan pengetahuan betapa pentingnya mempersiapkan, merencanakan, dan mengelola dana pensiun, agar memperoleh jaminan hidup di hari tua yang lebih sejahtera.
The Bank Specific Determinants of Loan Growth and Stability: Evidence from Indonesia Pananda Pasaribu; Bonnie Mindosa
Journal of Indonesian Economy and Business Vol 36 No 2 (2021): May
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (782.89 KB) | DOI: 10.22146/jieb.v36i2.1385

Abstract

Introduction/Main Objectives: This study aims to examine the specific determinants of loan growth and the consequences of excessive loan growth on bank stability. Background Problems: Bank loans play an important role in economic growth, but previous studies indicate that excessive loans lead to bank instability. Novelty: This study undertakes a comprehensive analysis, as it will discuss both the loan determinants and excessive loans simultaneously. Research Methods: This study covers more than 89% of the total loans of commercial banks (listed and non-listed banks) between 2002 and 2018 and it employs GMM in order to obtain robust estimations. Finding/Results: The growth of customers’ deposits and gross NPL are the most important factors in explaining loan growth in Indonesia. Banks with excessive loans tend to have high levels of credit risk. Conclusion: Banks’ liquidity and credit risk have important roles in explaining banks’ loans. However, excessive loans could lead to bank instability, particularly for small banks.
PORTOFOLIO OPTIMAL INDEKS LQ 45 METODE INDEKS TUNGGAL Bonnie Mindosa; Bernadetta Dwi Suatmi; Jeffrey Van Halen
Jurnal Manajemen Vol 11 No 1 (2021): November
Publisher : Lembaga Penelitian dan Pengabdian kepada Masyarakat Institut Bisnis dan Informatika Kwik Kian Gie

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46806/jm.v11i1.319

Abstract

This study aims to develop an optimal stock portfolio using the single index method on the stocks listed on the LQ 45 Index in the 2018 – 2020 period. This study also aims to calculate the proportion of funds in each stock, the return and risk of the portfolio optimally formed. The single index method is a simplification of the Markowitz model. Based on the observation that the price of a security fluctuates in the direction of the market price index so that the single index method does not require much variance and covariance in calculating risk. The data in this study are secondary data obtained from Yahoo Finance, OJK, and IDX. The number of samples taken amounted to 29 companies using purposive sampling method. The analytical technique used is descriptive analysis with data processing using Microsoft Excel. The results of this study indicate the optimal portfolio combination containing 3 stocks with the proportion of each share, namely: ANTM (Aneka Tambang Tbk.) of 61.20%, INCO (Vale Indonesia Tbk.) of 18.15%, and BBCA (Bank Central Asia Tbk.) by 20.65%. The optimal portfolio formed has a return rate of 0.1397% with a risk level borne by investors of 0.07%. Next research is expected to use a longer research period and also can use other optimal portfolio methods. Keywords: Optimal Stock Portfolio, single index method, Return, Risk.
Dampak Merger & Akuisisi Pada Kinerja Keuangan: Studi Pada Perusahaan Non Keuangan Yang Terdaftar Di Bursa Efek Indonesia Periode 2012-2016 Stevanie ,Bonnie Mindosa
Jurnal Manajemen Vol 8 No 2 (2019): Mei
Publisher : Lembaga Penelitian dan Pengabdian kepada Masyarakat Institut Bisnis dan Informatika Kwik Kian Gie

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Merger and acquisition are one of many growth strategies that can be opted by a firm in order to gain competitive advantages. Merger is business combination from two different companies become one entity that still alive and the others is liquidate meanwhile acquisition is a take over of one company. This research aims to examine the effect of merger and acquisition activities on the company's financial performance which can be measured by using financial ratios, such as current ratio, net profit margin, return on assets, and debt to equity. This research provides evidence about the comparison of financial performance before and after mergers and acquisitions. This research using purposive sampling method and sample of this research consist of 35 companies listed on the Indonesia Stock Exchange in since 2012 to 2016. This research is using paired sample t-test and Wilcoxon test. The result from this research showed current ratio (CR), return on asset (ROA) and debt to equity (DER) did not show significantly difference after merger and acquisitions. But the net profit margin (NPM) showed difference after merger and acquisitions significantly. The conclusion from this research, there are not significantly differences for financial performance before and after merger and acquisition.Keywords: Mergers and Acquisitions, Financial Ratio, Paired Sample t Test, Wilcoxon Signed Rank Test
Pengaruh Environmental, Social, dan Governance terhadap Profitabilitas pada Perusahaan terdaftar di BEI 2021 Gharchia, Shalsa Ellya De; Mindosa, Bonnie
Jurnal Manajemen Vol 12 No 2 (2023): Mei
Publisher : Lembaga Penelitian dan Pengabdian kepada Masyarakat Institut Bisnis dan Informatika Kwik Kian Gie

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46806/jm.v12i2.1092

Abstract

The Sustainable Development Goals (SDGs) are a global action plan approved by world leaders, including Indonesia. In an effort to support the implementation of Environmental, Social, and Governance (ESG) practices, particularly in Indonesia, the Indonesia Stock Exchange has launched a new index called IDX ESG Leaders. This index comprises 30 companies that have good ESG assessments and standards. However, despite being intended as a guide for investors, the index has not shown satisfactory performance. Based on this phenomenon, the author decided to choose the topic of the impact of ESG performance on the financial performance of companies listed on the Indonesia Stock Exchange in 2021. The underlying theories for this research include agency theory, legitimacy theory, and stakeholder theory. The concepts used include profitability, measured using return on assets as a proxy for financial performance, and ESG performance measured through Refinitive ESG Score. The research objects include all companies listed on the Indonesia Stock Exchange in 2021. Sampling was done using non-probability sampling techniques and purposive sampling methods. The analysis method used includes descriptive analysis, classical assumption tests, determination coefficients, F-tests, and t-tests for multiple linear regression analysis with the assistance of SPSS 25. Based on the t-test results, it was found that environmental performance has a positive and significant impact on profitability, while social and governance performance does not have a significant influence on profitability. The results of this research are expected to encourage companies in Indonesia to pay attention to and implement the values found in ESG.
INITIAL PUBLIC OFFERING: NEW EVIDENCE FROM INDONESIA Mindosa, Bonnie; Pasaribu, Pananda
Journal of Business And Entrepreneurship Vol. 8 No. 1 (2020): JOURNAL OF BUSINESS AND ENTREPRENEURSHIP (May 2020 Edition)
Publisher : APPS Publications

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Abstract

The authority of capital market in Indonesia has been trying to increase the participation of investors and the number of listed firms to boost the economic growth. Recently, the number of listed firms have increased significantly. However, there are firms that are unable to show good financial performance, in fact several firms entered financial distress and delisting from the market. This essay uses newly listed firms between 2012 and 2019. This essay shows that there exists underpricing in the short term (1-3 days) and underperformance in the long term (1-3 years) after going public. This essay recommends that investors should take advantage the underpricing, but they must be smart in selecting newly listed stocks as some may suffer from credit risk and poor corporate governance.
Perbandingan Kinerja Reksa Dana Saham dan Campuran dengan Metode Sharpe, Treynor, Jensen, Information, dan Sortino Ratio (2021-2023) Sutjipto, Nathanael; Mindosa, Bonnie
Jurnal Manajemen Vol 14 No 1 (2024): November 2024 – April 2025
Publisher : Lembaga Penelitian dan Pengabdian kepada Masyarakat Institut Bisnis dan Informatika Kwik Kian Gie

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46806/jm.v14i1.1364

Abstract

The significant growth of mutual fund investors underscores the importance of meticulous fund selection based on performance. This study compares the performance of equity and balanced funds using various metrics including Sharpe, Treynor, Jensen's Alpha, Information, and Sortino ratios to determine their relative strengths. Conducted as a case study, the research delves into the performance analysis of these fund types. Findings reveal that equity funds outperform in Sharpe, Treynor, and Sortino ratios, while balanced funds exhibit superiority in Jensen's Alpha and Information ratios despite their overall negative performance. The study highlights the advantages of balanced funds according to their higher number of products generating positive returns and outperforming the IHSG. However, equity funds demonstrate superiority in certain measurement methods. The importance of careful fund selection for investors is emphasized, urging consideration of historical performance and measurement methods aligned with their investment objectives. This research contributes to informing investors' decisions in navigating the mutual fund market.