Articles
<![CDATA[Does Ceoâs Hubris Affecting Dividends Payout? ]]>
<![CDATA[Abiprayu, Kris Brantas]]>;
<![CDATA[Wiratama, Bayu]]>
<![CDATA[ Jurnal Dinamika Manajemen Vol 7, No 1 (2016): March 2016 (DOAJ Indexed) ]]>
Publisher : <![CDATA[Department of Management, Faculty of Economics, Semarang State University, Indonesia ]]>
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DOI: 10.15294/jdm.v7i1.5760
<![CDATA[The purpose of this research is to examine the effect of CEOâs Overconfidence (KDB) on non-financial firmâs dividend that listed in Indonesia Stock Exchange (IDX) from 2004 to 2013. It is being said that almost every person has overconfidence, similarly with a CEO of a company, particularly because of the scale of power that they hold. CEO with overconfidence has a tendency to lower their dividend payout because they are driven by their subjective consciousness of the possibility of getting an investment opportunity in the future. The samples of this study are 327 companies listed in Indonesia Stock Exchange (IDX). The model is using a logit regression. The result shows that company being lead by CEO with overconfidence will have a tendency to hold or reduce their dividend payout.Penelitian ini bertujuan untuk mengetahui pengaruh Kepercayaan Diri yang Berlebihan (KDB) dari para CEO terhadap dividen non-financial perusahaan yang terdaftar di Bursa Efek Indonesia (BEI) dari tahun 2004-2013. Hal ini dikatakan bahwa hampir setiap orang memiliki KDB, sama halnya dengan CEO dari sebuah perusahaan. Hal ini terutama karena skala kekuasaan yang mereka pegang. Para CEO dengan KDB memiliki kecenderungan untuk menurunkan pembayaran dividennya karena mereka selalu didorong oleh kesadaran subjektif mereka tentang kemungkinan untuk mendapatkan kesempatan investasi di masa mendatang. Sampel penelitian ini berjumlah 327 perusahaan yang terdaftar di BEI. Model yang digunakan dalam penelitian ini adalah regresi logit. Hasil penelitian ini menunjukkan bahwa perusahaan yang dipimpin oleh CEO dengan KDB akan memiliki kecenderungan untuk menahan atau mengurangi pembayaran dividen.]]>
<![CDATA[Political Connection and Cost of Capital Indonesian Case Study ]]>
<![CDATA[Abiprayu, Kris Brantas]]>
<![CDATA[ Management Analysis Journal Vol 10 No 2 (2021): Management Analysis Journal ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
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DOI: 10.15294/maj.v10i2.48927
<![CDATA[This research aims at examining the impact of political connection on financing facilitation by measuring cost of capital imposed to non-finance companies in Indonesia from 2009-2017. During the period, there is a change in the Indonesian government which is initially led by President Yudhoyono (2009-2014) from the Democratic Party and then by President Joko Widodo (2014-now) from the Indonesian Democratic Party of Struggle. Opposing one another, both parties share different political views. Therefore, it is interesting to find out how governmental change influence cost of capital. The research sample is financial statements of non-finance companies.]]>
<![CDATA[Political Connection and Cost of Capital Indonesian Case Study ]]>
<![CDATA[Abiprayu, Kris Brantas]]>
<![CDATA[ Management Analysis Journal Vol 10 No 2 (2021): Management Analysis Journal ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
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DOI: 10.15294/maj.v10i2.48927
<![CDATA[This research aims at examining the impact of political connection on financing facilitation by measuring cost of capital imposed to non-finance companies in Indonesia from 2009-2017. During the period, there is a change in the Indonesian government which is initially led by President Yudhoyono (2009-2014) from the Democratic Party and then by President Joko Widodo (2014-now) from the Indonesian Democratic Party of Struggle. Opposing one another, both parties share different political views. Therefore, it is interesting to find out how governmental change influence cost of capital. The research sample is financial statements of non-finance companies.]]>
<![CDATA[Slow Budget Realization: An Empirical Analysis in Higher Education ]]>
<![CDATA[Zulfaturrohmah, Festi]]>;
<![CDATA[Handoko, Fitrian Budi]]>;
<![CDATA[Abiprayu, Kris Brantas]]>
<![CDATA[ Management Analysis Journal Vol 10 No 4 (2021): Management Analysis Journal ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
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DOI: 10.15294/maj.v10i4.48928
<![CDATA[This research aims to test the influence of planning, human resources, and organizational commitment to budget absorption at the Faculty of Education UNNES. One indicator of achieving the effectiveness and efficiency of budget management is the distribution of budget absorption evenly in each period. In the end, the implementation of an effective and efficient performance-based budget has not been fully implemented. There is still a delay in the absorption of funds, especially in some faculties at Universitas Negeri Semarang. This study aims to test a wide range of factors that can cause delays in budget absorption. The result show that budget realization affected by several factors such as budget planning, human resource and organizational commitment]]>
<![CDATA[Encouraging student ethical behavior through ethical climate in higher education ]]>
<![CDATA[Nurdian Susilowati]]>;
<![CDATA[Kusmuriyanto Kusmuriyanto]]>;
<![CDATA[Kris Brantas Abiprayu]]>
<![CDATA[ Journal of Education and Learning (EduLearn) Vol 15, No 2: May 2021 ]]>
Publisher : <![CDATA[Intelektual Pustaka Media Utama ]]>
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DOI: 10.11591/edulearn.v15i2.19271
<![CDATA[This study investigated the direct and indirect effects of learning styles, ethics education, and ethical climate on student’s ethical behavior. The samples were obtained through a proportionate random sampling technique so that 273 students had taken the courses of conservation education, professional ethics for teachers, and business ethics. The data were collected using questionnaires and analyzed using path analysis. The research findings showed that learning styles and ethical education could directly influence ethical behavior. At the same time, the ethical climate did not have a direct influence on ethical behavior. The ethical climate could not mediate the effect of learning styles and ethics education on ethical behavior. It means that learning styles and ethical education contribute significantly to the formation of good behavior and student’s characters. It is supporting a learning styles approach suggests that it offers benefit to students.]]>
<![CDATA[Does managerial bias pose destructive impact on company? A non-linear relationship between CEO’s overconfidence and company value ]]>
<![CDATA[Bayu Wiratama]]>;
<![CDATA[Kris Brantas Abiprayu]]>;
<![CDATA[Siti Ridloah]]>
<![CDATA[ Diponegoro International Journal of Business Vol 1, No 2 (2018) ]]>
Publisher : <![CDATA[Department of Management | Faculty of Economics and Business | Universitas Diponegoro ]]>
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DOI: 10.14710/dijb.1.2.2018.105-111
<![CDATA[This research aims at testing the influence of CEO’s Overconfidence (KDB) on the values of companies registered with the Indonesian Stock Exchange in the period 2007-2015. KDB is a bias inherent in individual, particularly corporate CEO resulted from his/her great authority. A CEO with KDB will assume that his/her company has investment opportunities in the future and, thus, reduce dividend in anticipation of acquiring an investment opportunity in the future. Some opinions argue that KDB’s benefit will be maximal when the confidence is at moderate level. A manager is deemed able to contribute to his/her company, have a good innovation level, have optimal motivation level, and present lower level of cost of debt or capital and optimal amount and rate of investment return. Too low or too high KDB is deemed only to pose negative impact on company value as resulted from non-optimal degree of leverage and investment.]]>
<![CDATA[The Impact of Conservation Information on Average Abnormal Return: Time Series Analysis ]]>
<![CDATA[Murwatiningsih Murwatiningsih]]>;
<![CDATA[Arief Yulianto]]>;
<![CDATA[Kris Brantas Abiprayu]]>;
<![CDATA[Andhi Wijayanto]]>
<![CDATA[ Jurnal Bisnis Manajemen Vol 19, No 1 (2018): March 2018 ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Padjadjaran ]]>
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DOI: 10.24198/jbm.v19i1.171
<![CDATA[The aims of this research are to examine the impact of conservation-based information to average abnormal return of firms. The data which used in this research are all of the news regarding corporate action especially conservation-based information that gathered from Bisnis Indonesia from July 2016 through August 2017. All of the firm which also listed in Sri Kehati Index. The order of the examination within this research are (1) stationery test (2) ARCH or GARCH test (3) Dummy test (Least Square Dummy Variable) and (4) Hypothesis test). The results show that the change in AAR is not influenced by conservation publication made by Bisnis Indonesia. It means that the average AAR difference occurs only in the sample yet the result cannot be generalized in capital market in Indonesia.]]>
<![CDATA[Perilaku Ekonomi Dalam Pengendalian Anggaran Pada Pemerintahan Kota Semarang ]]>
<![CDATA[Festi Zulfaturrohmah]]>;
<![CDATA[Julius Pungky Wasono Widagdo]]>;
<![CDATA[Kris Brantas Abiprayu]]>;
<![CDATA[Dheasey Amboningtyas]]>
<![CDATA[ Innovative: Journal Of Social Science Research Vol. 4 No. 1 (2024): Innovative: Journal Of Social Science Research ]]>
Publisher : <![CDATA[Universitas Pahlawan Tuanku Tambusai ]]>
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DOI: 10.31004/innovative.v4i1.7518
<![CDATA[Penelitian ini bertujuan untuk memberikan rekomendasi mengenai tingkat keketatan/fleksibilitas pengendalian anggaran yang diterapkan pada pemerintah kota semarang, sehingga defisit atau surplus anggaran dapat dihindari dan kinerja anggaran meningkat. Data diperoleh melalui beberapa metode yaitu survei dengan kuisioner dan observasi serta verifikasi data arsip anggaran dan laporan realisasi anggaran serta data makroekonomi dari Badan Pusat Statistik Pemerintah Kota Semarang. Selain itu, menganalisis data secara kuantitatif dan kualitatif. Ada tiga tujuan yang ingin dicapai dalam penelitian ini, yaitu 1) Mengetahui apakah Pengendalian Anggaran Ketat berpengaruh terhadap penyimpangan anggaran, 2) Mengetahui apakah Pengendalian Anggaran Ketat memerlukan kebijakan dalam pelaksanaannya, dan 3) Mengetahui seberapa erat kaitannya Pengendalian Anggaran Ketat dengan turbulensi anggaran. Populasi dalam penelitian ini adalah Pemerintah Kota Semarang. Penentuan sampel dilakukan secara purposif berdasarkan pemetaan tipologi wilayah Klassen. Data tersebut diuji untuk mengestimasi model pengukuran dan model struktural, dengan menggunakan metode Partial Least Square (PLS), dan menguji pengaruh interaksi dengan Regresi Ordinary Least Square (OLS). Hasil penelitian ini dapat digunakan untuk mengantisipasi terjadinya faktor kontinjensi berupa turbulensi anggaran dalam menjamin efektivitas penganggaran, apalagi turbulensi anggaran ini mempengaruhi hubungan antara pengendalian anggaran yang ketat dengan penyimpangan anggaran. Dan manfaatnya bagi UNNES, dengan penelitian ini suatu perguruan tinggi juga memerlukan pengendalian anggaran yang ketat dalam bentuk lembaga agar tidak terjadi turbulensi anggaran, meskipun sudah ada Renstra dan Renop.]]>
<![CDATA[Market Overreaction and Price Reversal in Indonesian Stock Exchange ]]>
<![CDATA[Kris Brantas Abiprayu]]>;
<![CDATA[Ascariena Rafinda]]>;
<![CDATA[Bayu Wiratama]]>
<![CDATA[ Management Analysis Journal Vol 11 No 2 (2022): Management Analysis Journal ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
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DOI: 10.15294/maj.v11i2.55880
<![CDATA[Capital market is a market that all prices that occur should be caused because the market mechanism that has been in such a way able to respond to all the information that exists automatically. Such a market is a market that conforms to the concept of an efficient market. In an efficient market, market participants or investors, will not be able to gain an edge over other investors in terms of investment decisions based on the information they get. The market efficiently assumes that the information that is in the market can be accessed by all actors. In fact, many anomalies occur in the market that break through all assumptions built by the concept of an efficient market, one is the phenomenon of price reversal. Price reversal is a phenomenon in which the price of a stock instrument that suddenly experiences a price reversal because there is information that enters the market and is responded to excessively (overreaction) by the market. Research uses quantitative paradigms to prove a particular hypothesis built into research. The data used is secondary data obtained using stock transaction data as well as financial statement data of each sample company.]]>
<![CDATA[Cashless Society and Financial Literacy in Campus Life to Support Accountable Financial Management ]]>
<![CDATA[Festi Zulfaturrohmah]]>;
<![CDATA[Julius Pungky Wasono Widagdo]]>;
<![CDATA[Kris Brantas Abiprayu]]>;
<![CDATA[Dheasey Amboningtyas]]>
<![CDATA[ Economic Education Analysis Journal Vol 12 No 3 (2023): Economic Education Analysis Journal ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
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DOI: 10.15294/eeaj.v12i3.74699
<![CDATA[Rapid technological trends have had a massive have an effect on on Indonesian society, particularly in the use of non-cash transactions. Apart from that, the high growth of internet users is one of the factors in the development of the digital economic system in Indonesia. The Financial Services Authority (OJK) referred to that the usage of digital transactions has also expanded appreciably. This boom in digital transactions is supported via changes in people’s cashless existence, which can be absolutely supported via Bank Indonesia because the valuable financial institution by using launching the National Cashless Movement (GNTT). This motion creates a cashless society organization or frequently known as the “Cashless Society”. This study is covered in quantitative research with the aim of finding out the impact of monetary literacy and lifestyle on the monetary conduct of technology Z in a cashless society. Generation Z at Semarang State University was chosen because the item of studies. The sampling technique in this research uses possibility sampling and the pattern selection in this study makes use of easy random sampling. Calculations to determine the number of samples used the Slovin system. Data collection became completed by means of distributing questionnaires through Google Form and analyzed the usage of Partial Least Square (PLS). The research results show that cashless transactions have not been able to reduce the amount of cash needed by generation Z or Semarang State University students. So it has not been possible to reduce the amount of cash circulated indirectly.]]>
