Articles
<![CDATA[THE EFFECTIVENESS OF DCD AND FORWARD CONTRACT IN MANAGING FOREIGN EXCHANGE RISK ]]>
<![CDATA[Apriani Dokas Rambu Atahau]]>;
<![CDATA[Surya Wibowo]]>
<![CDATA[ Journal of Management and Business Vol 7, No 2 (2008): SEPTEMBER 2008 ]]>
Publisher : <![CDATA[Department of Management - Faculty of Business and Economics. Universitas Surabaya. ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (8290.459 KB)
|
DOI: 10.24123/jmb.v7i2.126
<![CDATA[Globalization has increase the nature of competition among firms, mainly firms engaged in international trading by the increasing volatility of exchange rates. The existence of the unavoidable foreign exchange risk has brought the development of various kinds of foreign exchange risk management tools; include hybrid securities such as Dual Currency Deposit (DCD) introduced by Development Bank of Singapore. This paper tries to elaborate the effectiveness of DCD innovative instruments in minimizing foreign exchange risks compare to traditional forward contract. The analysis tool being used is option theory applied to data of an innovative product. The results showed that prediction of future spot rate plays a vital role in deciding instruments choose to manage foreign exchange risk. Hence, it is desirable to predict the direction and magnitude of future spot rate in order to optimize the effectiveness of both instruments.]]>
<![CDATA[THE EFFECT OF BOARD DIVERSITY ON FINANCIAL PERFORMANCE OF EMPLOYER’S PENSION FUND ]]>
<![CDATA[Apriani Dorkas Rambu Atahau]]>;
<![CDATA[Supatmi .]]>
<![CDATA[ Journal of Management and Business Vol 10, No 2 (2011): SEPTEMBER 2011 ]]>
Publisher : <![CDATA[Department of Management - Faculty of Business and Economics. Universitas Surabaya. ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (8567.393 KB)
|
DOI: 10.24123/jmb.v10i2.195
<![CDATA[Good corporate governance as a concept gains wide public attention especially after the 19971998 financial crises. The falls of many financial institutions is believed related to the absence of good corporate governance. As one of financial institutions which mainly serve for providing future benefits after retirement, Indonesian employer’s pension fund also required to implement good pension fund governance through a regulation from Flead of BAPEPAM-LK Number Kep-136/BL/2006 about the Guidelines of Pension Fund Governance. The implementation of this regulation will give impacts on the board diversity since the board will be the front line in implementing good pension fund governance.The objective of this research is to examine the effect of board diversity to financial performance of Indonesian employer’s pension fund. In this research, board diversity is measured by three variables, i.e. gender, education background and duality. Financial Performance is measured by Return on Investment, Return on Assets and Fund Sufficiency Ratio. Research sample consists of ten employer’s pension fund as members of Indonesian Christian Pension Fund Association who conduct defined benefit program, which possesses complete data from 2006-2009 Association’s Directory. Analysis is done with multiple regressions by controlling pension fund basis, board size and pension fund size. The result finds that board diversity impact employer’s pension fund financial performance. It implies the need to consider board heterogeneity in the election of board member to optimize employer’s fund financial performance.]]>
<![CDATA[Apakah Profitabilitas Memediasi Pengaruh Manajemen Modal Kerja terhadap Nilai Perusahaan? ]]>
<![CDATA[Evan Yulandreano]]>;
<![CDATA[Apriani Dorkas Rambu Atahau]]>;
<![CDATA[Imanuel Madea Sakti]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol 3, No 2 (2020): December ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.26905/afr.v3i2.5452
<![CDATA[This study aims to examine the effect of working capital management on firm value with profitability as a mediating variable. This study uses a sample of 18 retail companies listed on the Indonesia Stock Exchange from 2014 to 2018. Working capital management is measured by Cash Conversion Cycle (CCC), profitability is measured by Return on Assets (ROA), and company value is measured by Tobins Q. Panel data regression is conducted to test the direct effect, followed by the Sobel test to test for the indirect effect. The results showed that working capital management increased firm value directly and indirectly through profitability. Working capital management with a shorter cycle results in greater profitability, thus driving firm value. The implication of this research is that retail companies are expected to shorten the company's cash cycle so that it has a positive impact on the company's profitability and value. DOI: https://doi.org/10.26905/afr.v3i2.5452]]>
<![CDATA[Apakah Profitabilitas Memediasi Pengaruh Manajemen Modal Kerja terhadap Nilai Perusahaan? ]]>
<![CDATA[Evan Yulandreano]]>;
<![CDATA[Apriani Dorkas Rambu Atahau]]>;
<![CDATA[Imanuel Madea Sakti]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol 3, No 2 (2020): December ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.26905/afr.v3i2.5452
<![CDATA[This study aims to examine the effect of working capital management on firm value with profitability as a mediating variable. This study uses a sample of 18 retail companies listed on the Indonesia Stock Exchange from 2014 to 2018. Working capital management is measured by Cash Conversion Cycle (CCC), profitability is measured by Return on Assets (ROA), and company value is measured by Tobins Q. Panel data regression is conducted to test the direct effect, followed by the Sobel test to test for the indirect effect. The results showed that working capital management increased firm value directly and indirectly through profitability. Working capital management with a shorter cycle results in greater profitability, thus driving firm value. The implication of this research is that retail companies are expected to shorten the company's cash cycle so that it has a positive impact on the company's profitability and value. DOI: https://doi.org/10.26905/afr.v3i2.5452]]>
<![CDATA[Apakah Profitabilitas Memediasi Pengaruh Manajemen Modal Kerja terhadap Nilai Perusahaan? ]]>
<![CDATA[Evan Yulandreano]]>;
<![CDATA[Apriani Dorkas Rambu Atahau]]>;
<![CDATA[Imanuel Madea Sakti]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol 3, No 2 (2020): December ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.26905/afr.v3i2.5452
<![CDATA[This study aims to examine the effect of working capital management on firm value with profitability as a mediating variable. This study uses a sample of 18 retail companies listed on the Indonesia Stock Exchange from 2014 to 2018. Working capital management is measured by Cash Conversion Cycle (CCC), profitability is measured by Return on Assets (ROA), and company value is measured by Tobins Q. Panel data regression is conducted to test the direct effect, followed by the Sobel test to test for the indirect effect. The results showed that working capital management increased firm value directly and indirectly through profitability. Working capital management with a shorter cycle results in greater profitability, thus driving firm value. The implication of this research is that retail companies are expected to shorten the company's cash cycle so that it has a positive impact on the company's profitability and value. DOI: https://doi.org/10.26905/afr.v3i2.5452]]>
<![CDATA[Efek Keputusan Pendanaan terhadap Nilai Perusahaan: GCG sebagai Variabel Moderasi ]]>
<![CDATA[Lorensia Fidelia Charita]]>;
<![CDATA[Apriani Dorkas Rambu Atahau]]>;
<![CDATA[Samuel Martono]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol 4, No 2 (2021): December ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.26905/afr.v4i2.6137
<![CDATA[This study aims to examine the effect of funding decisions on firm value with Good Corporate Governance as a moderating variable. This study uses a sample of manufacturing companies listed on the Indonesia Stock Exchange (IDX). Using purposive sampling method with a total sample of 160 companiesduring 2016-2019 periods, the data were analyzed with panel data regression. The findings shows that the funding decision negatively affect the firm value, while GCG failed to moderate the effect of funding decision on firmvalue. It implies that firms need to optimize their level of debt to boost the value of the firms.Investors see that the company has not been able to manage debt to improve the firm's performance properly. So that an increase in debt will tend to reduce the value of the firms.DOI: https://doi.org/10.26905/afr.v4i2.6137]]>
<![CDATA[Cognitive Dissonance Bias, Overconfidence Bias dan Herding Bias dalam Pengambilan Keputusan Investasi Saham ]]>
<![CDATA[Yehezkiel Chris Setiawan]]>;
<![CDATA[Apriani Dorkas Rambu Atahau]]>;
<![CDATA[Robiyanto Robiyanto]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol 1, No 1 (2018): July ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (487.666 KB)
|
DOI: 10.26905/afr.v1i1.1745
<![CDATA[In practice, there are some aspects which contribute to the decision making process. One of those aspects is the psychological aspect which cannot be separated from human being. The psychological aspect of the study of finance is called the study of behavioural finance (cognitive bias, emotional bias, and social bias) could lead to investor’s irrationality in decision making. This study aimed to analyze the influence of dissonance bias, overconfidence bias, and herding bias on investment decision in Investor Club of Satya Wacana Christian University (SWCU). This study utilizes the purposive sampling method. The sample in this study covers the whole investor in Investor Club of SWCU. The results of this study indicate that: (i) Cognitive dissonance bias has an insignificant influence to investment decision ; (ii) Overconfidence bias has a positive and significant influence to investment decision; (iii) Herding bias has an insignificant influence to the investment decision. This means that investors tend to use the emotional aspect rather than on the cognitive and social aspects of investment decision making. As a result, investors are overconfident of their ability and the outcome of investment decisions is not maximal and can cause losses. DOI: https://doi.org/10.26905/afr.v1i1.1745]]>
<![CDATA[Aplikasi Capital Asset Pricing Model dalam Evaluasi Kelayakan Investasi Daerah ]]>
<![CDATA[Harijono Harijono]]>;
<![CDATA[Ari Budi Kristanto]]>;
<![CDATA[Apriani Dorkas Rambu Atahau]]>
<![CDATA[ Perspektif Akuntansi Vol 4 No 1 (2021) ]]>
Publisher : <![CDATA[Center for Accounting Development and Research (CARD) Program Studi Akuntansi – Fakultas Ekonomika dan Bisnis Universitas Kristen Satya Wacana ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (258.255 KB)
|
DOI: 10.24246/persi.v4i1.p1-12
<![CDATA[Otonomi daerah mendorong pemerintah daerah untuk berinvestasi sebagai salah satu sarana meningkatkan pertumbuhan ekonomi daerah. Dalam rangka mengevaluasi keputusan investasi daerah perlu dilakukan analisis penganggaran modal. Capital Asset Pricing Model adalah metode perhitungan biaya modal dalam analisis investasi yang digunakan secara luas di dunia usaha. Penelitian ini bertujuan mengkaji aplikasi CAPM dalam keputusan investasi daerah. Dengan menggunakan data sekunder dari laporan keuangan dan laporan auditor hipotetis selama periode 2012-2017, hasil penelitian menunjukkan bahwa CAPM dapat digunakan dalam pengambilan keputusan inevstasi daerah. Dengan demikian, analisis kelayakan investasi pemerintah daerah dapat menggunakan CAPM karena CAPM sebagai alat evaluasi akan memberikan obyektifitas penliaian yang diperlukan agar keputusan investasi yang diambil menjadi tepat.]]>
<![CDATA[ANALISIS PORTOFOLIO KREDIT, RISIKO, DAN RETURN BANK UMUM KONVENSIONAL ]]>
<![CDATA[Yosua Sopater Siregar]]>;
<![CDATA[Apriani Dorkas Rambu Atahau]]>;
<![CDATA[Imanuel Madea Sakti]]>
<![CDATA[ Jurnal Manajemen Vol 19 No 1 (2022): Jurnal Manajemen ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Katolik Indonesia Atma Jaya ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.25170/jm.v19i1.2334
<![CDATA[This study aims to determine the credit portfolio strategy (focus or diversification strategy) based on the economic sector in conventional commercial banks grouped by business activity (BUKU) in the period January 2016 - December 2018 and analyze the effect of credit portfolio concentration and credit risk on rates of return. This study uses secondary data obtained from Indonesian Banking Statistics at the Financial Services Authority (OJK). This study used 4 samples, namely BUKU 1, BUKU 2, BUKU 3, BUKU 4. The results showed that the concentration of the credit portfolio had a positive effect on credit risk, while credit risk had a negative effect on return. In addition, the mediating role of the credit risk variable is not proven to affect the effect of the credit portfolio and credit risk. These results suggest that the credit portfolio concentration strategy in certain sector can increase credit risk so that it tends to reduce the rate of return. Thus, banks need to diversify their credit portfolios to minimize credit risk.]]>
<![CDATA[ANALISIS PORTOFOLIO KREDIT, RISIKO, DAN RETURN BANK UMUM KONVENSIONAL ]]>
<![CDATA[Yosua Sopater Siregar]]>;
<![CDATA[Apriani Dorkas Rambu Atahau]]>;
<![CDATA[Imanuel Madea Sakti]]>
<![CDATA[ Jurnal Manajemen Vol 19 No 1 (2022): Jurnal Manajemen ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Katolik Indonesia Atma Jaya ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.25170/jm.v19i1.2334
<![CDATA[This study aims to determine the credit portfolio strategy (focus or diversification strategy) based on the economic sector in conventional commercial banks grouped by business activity (BUKU) in the period January 2016 - December 2018 and analyze the effect of credit portfolio concentration and credit risk on rates of return. This study uses secondary data obtained from Indonesian Banking Statistics at the Financial Services Authority (OJK). This study used 4 samples, namely BUKU 1, BUKU 2, BUKU 3, BUKU 4. The results showed that the concentration of the credit portfolio had a positive effect on credit risk, while credit risk had a negative effect on return. In addition, the mediating role of the credit risk variable is not proven to affect the effect of the credit portfolio and credit risk. These results suggest that the credit portfolio concentration strategy in certain sector can increase credit risk so that it tends to reduce the rate of return. Thus, banks need to diversify their credit portfolios to minimize credit risk.]]>
