M. Rustam, M.
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Pengaruh Keuangan Inklusif Terhadap Kredit yang Disalurkan pada Sektor Usaha Mikro, Kecil dan Menengah di Indonesia M Fahmy, Obaid; Rustam, M.; Asmayadi, Evi
Jurnal Ekonomi Bisnis dan Kewirausahaan Vol 5, No 2 (2016): Jurnal Ekonomi Bisnis dan Kewirausahaan (JEBIK)
Publisher : Fakultas Ekonomi dan Bisnis, UNTAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (547.435 KB) | DOI: 10.26418/jebik.v5i2.17145

Abstract

This research is a quantitative study which aims to find out  the effect of financial inclusion(banking access dimension and banking service usage dimension) on loans channeled to theMicro Small and Medium Sized Enterprises (MSMEs) sector in Indonesia. The variables used inthis research were loans channeled to the MSMEs as dependent variable, and successivelybanking access dimension and banking service usage dimension as the independent variables.Using the purposive sampling method, a total of 33 provinces in Indonesia were selected as thesamples with an observation period from 2010 to 2013. LDR (Loan to Deposit Ratio) and NPL(Non Performing Loan) were used as the control variables. Simultaneously there was a positiveand significant effect of banking access dimension, banking service usage dimension, and LDRon loans channeled to the MSMEs sector, while NPL had a negative but insignificant effect.  
Penentuan Struktur Modal Optimal Pada Perusahaan Sektor Properti, Real Estate, dan Kontruksi yang Terdaftar di Bursa Efek Indonesia Rustam, M.
Jurnal Ekonomi Bisnis dan Kewirausahaan Vol 4, No 1 (2015): Jurnal Ekonomi Bisnis dan Kewirausahaan (JEBIK)
Publisher : Fakultas Ekonomi dan Bisnis, UNTAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (317.485 KB) | DOI: 10.26418/jebik.v4i1.11463

Abstract

The purpose of this study is to determine the optimal capital structure of property, real estate, and construction companies listed in Indonesia Stock Exchange. The motivation of this study is due to the current research results are still not able to answer whether the optimal capital structure exists. Based on trade-off theory, the optimal capital structure occurs when a company has a minimum capital cost. However,   it is not explained how much capital structure needed to achieve the company maximum value. In addition, this sample business sector is chosen because there are a numeours firms with an adequate long-term debt which make it possible to examine their capital structure. The method used are the nonlinear regression and Monte Carlo simulation method. These methods were chosen because the formulation of optimal capital structure is arguably complex. There are 47 samples from all property, real estate, and construction companies. The data set covered 11 years ie (2000-2010). The results showed that the optimal capital structure of properties, real estate and construction companies which are measured by the ratio between the long-term debt and equity is 0.99. Most companies of these sectors have not reached the optimal capital structure yet because the average results from these companies are 0.31.