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PERILAKU OPORTUNISTIK MANAJERIAL TERHADAP FREE CASH FLOW DAN NILAI PERUSAHAAN PADA PERUSAHAAN YANG TERDAFTAR DIBURSA EFEK INDONESIA Misrah Misrah
Jurnal Ekonomi dan Bisnis Kontemporer Vol 3, No 2 (2017): Vol 3 No 2 September 2017
Publisher : Universitas Pandanaran

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Abstract

This study aims to develop and analyze the effect of managerial opotunistic behavior on free cash flow and firm value on manufacturing companies listed on the Indonesian stock exchange. The result of the research showed that the variable of firm size (X1) to Free Cash Flow (Y1), obtained structural coefficient of -0.033, and P-value 0.336. Because P-value 0.05, Corporate Size (X1) to Corporate Value (Y2), structural coefficient is 0102, and P-value 0.002. Because P-value 0.05, Leverage (X2) to free cash flow (Y1), obtained structural coefficient of 0.037, and P-value 0.041. Because P-value 0.05, Leverage (X2) to firm value (Y1), obtained structural coefficient of -0.014, and P-value 0.681. Because P-value 0.05, Systemic Risk (X3) to free cash flow (Y1), obtained structural coefficient of -0.006, and P-value 0.861. Because P-value 0.05, Systemic Risk (X3) to firm value (Y2), obtained structural coefficient of 0.884, and P-value 0.000.
EFEKTIVITAS PENGEMBALIAN PIUTANG DANA SIMPAN PINJAM KELOMPOK PEREMPUAN PADA UNIT PENGELOLA KEGIATAN PNPM KABUPATEN POHUWATO Misrah Misrah
AkMen JURNAL ILMIAH Vol 11 No 1 (2014): AKMEN Jurnal Ilmiah
Publisher : Lembaga Penelitian dan Publikasi Nobel Indonesia

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Abstract

This study aims determine the savings and loan management system, determine the development of savings and loan refunds on activities management unit (CGU) in District Buntulia PNPM Pohuwato. The results showed that the system of management of the national community empowerment program (PNPM) in District Buntulia Pohuwato already accomplished in accordance with existing procedures so that funds are available ranging from 2009 to 2010 have been realized or spread throughout poor communities, especially in the group of women who want pioneering venture or want to develop their business better and more developed in the District Buntulia Pohuwato district. PNPM funds are dispersed to the community, especially the women's savings and credit groups in the period 2009-2010 in six villages in kacamatan Buntulian Pohuwato of Rp . 1.449125 billion, the Village Sipatana of Rp . 218 500 000, Village Middle Buntulia of Rp. 221 500 000, North Buntulia Village of Rp.335.000.000, Taluduyunu village of Rp . 194 375 000, North Taluduyunu Desa of Rp . 172 million, Desa Indah Karya Rp. 174 750 000, and Hulawa village of Rp . 133,000,000
PENGARUH STRUKTUR KEPEMILIKAN TERHADAP KEBIJAKAN DEVIDEN DAN NILAI PERUSAHAAN Misrah Misrah
Jurnal Bisnis dan Kewirausahaan Vol. 12 No. 1 (2023): Jurnal Bisnis dan Kewirausahaan
Publisher : Lembaga Penelitian, Publikasi dan Pengabdian pada Masyarakat (LP3M) Nobel Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37476/jbk.v12i1.3818

Abstract

This study aims to develop and analyze the effect of ownership structure on dividend policy and firm value on manufacturing companies listed on Indonesian stock exchanges. The result showed that managerial ownership variable to dividend policy had positive and significant effect of 3,005 with t value 0,617 with standard of error 4,874 at significance level 0,537 and company value equal to 0,048 with value t equal to 1,079 with standard of error (SE) 0.045 at significance level of 0.281. The institutional ownership of the dividend policy had negative effect of -1.497 with the value of t equal to -2.981 with the standard of error 0,502 at significance level 0,003 and at company value equal to 0,064 with t value equal to 2,990 with standard of error 0,21 at significance level 0.003. While dividend policy to firm value have positive and significant effect equal to 0,025 with t value equal to 37,398 with standard of error 0,001 at 0.000 significance level. The results of this study indicate that when the proportion of managerial and institutional ownership increases, it will be followed by a decrease in dividend payments but will increase the value of the company.
STRUKTUR KEPEMILIKAN MANAJERIAL TERHADAP KEPUTUSAN INVESTASI DAN NILAI PERUSAHAAN Misrah Misrah
Jurnal Bisnis dan Kewirausahaan Vol. 12 No. 3 (2023): Jurnal Bisnis dan Kewirausahaan
Publisher : Lembaga Penelitian, Publikasi dan Pengabdian pada Masyarakat (LP3M) Nobel Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37476/jbk.v12i3.4077

Abstract

This study aims to synthesize and test empirically the effect of ownership structure on firm value and investment decisions as intervening variables. The population of this study were manufacturing companies listed on the Indonesia Stock Exchange with an observation period from 2016 to 2022. The data collection method used was purposive sampling and a sample of 122 companies was obtained. then testing of all hypotheses in this study is to use path analysis through the Amos 20.0 program package. The findings of this study indicate that the ownership structure can reduce the tendency of managers to behave opportunistically. The increase in ownership structure affects the increase in firm value. The findings of this study indicate that ownership structure influences investment decisions. Finally, the findings of this study show that investment decisions are a variable mediating the causal relationship between ownership structure and firm value.
978-623-09-6726-9 Manajemen Keuangan: Asuransi Dan Manajemen Risiko Andi Sartika Juniarmita, Andi Sartika Juniarmita; Misrah, Misrah; Agus umar Gazali, Agus umar Gazali; Ris Akril Nurimansjah, Ris Akril Nurimansjah; Mustafa, Mustafa; Nurlaela, Nurlaela; Samsu Gaffar, Samsu Gaffar; Andi Aris Mattunruang, Andi Aris Mattunruang; Andi Tenri Uleng Akal, Andi Tenri Uleng Akal; Syamsul Bakhtiar Ass, Syamsul Bakhtiar Ass; Andi Muhammad Irwan, Andi Muhammad Irwan; Sarnawiah, Sarnawiah; Darnawati, Darnawati; Haeril, Haeril
Lajagoe Pustaka
Publisher : Lajagoe Pustaka

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Abstract

Buku "Manajemen Keuangan : Asuransi dan Manajemen Risiko" merangkum secara komprehensif prinsip-prinsip dasar asuransi dan strategi manajemen risiko. Dengan kontribusi berbagai penulis dan praktisi di bidangnya, buku ini menjadi panduan penting bagi pembaca yang ingin memahami dan mengaplikasikan konsep-konsep tersebut. Berikut adalah ringkasan inti dari buku ini: Konsep Dasar Manajemen Risiko; Pengertian, Tujuan, Dan Fungsi Manajemen Risiko; Mengidentifikasi Risiko; Kerugian Potensial; Pengukuran Risiko; Pengendalian Risiko; Pemindahan Risiko Kepada Pihak Asuransi; Dampak Asuransi Terhadap Kehidupan Sosial Ekonomi; Hukum Asuransi Di Indonesia; Prinsip Dasar Asuransi Dan Polis Asuransi; Premi Asuransi; Asuransi Jiwa; Asuransi Kerugian. Buku ini tidak hanya memberikan pemahaman mendalam tentang asuransi dan manajemen risiko tetapi juga merangsang pemikiran kritis dan inovasi. Dengan membaca buku ini, pembaca diharapkan dapat mengambil keputusan yang lebih baik terkait dengan perlindungan risiko dan pengelolaan aset mereka.
Analisis Kolaborasi Pemerintahan Desa terhadap Komitmen Organisasi Pada Masyarakat Desa Bonto Jai Kecamatan Bissappu Kabupaten Bantaeng Provinsi Sulawesi Selatan Misrah, Misrah; Tamrin, Muhammad
Jurnal Manajemen dan Ekonomi Terapan Vol. 1 No. 2 (2023): Oktober 2023
Publisher : Yayasan Insan Literasi Cendekia (INLIC) Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35914/jmet.v1i2.64

Abstract

Tujuan penelitian ini adalah untuk menemukan model yang baru dengan mengelaborasi komitmen organisasi dalam memediasi kolaborasi pemerintahan desa terhadap kualitas pelayanan pada masyarakat Desa Bonto Jai Kecamatan Bissappu Kabupaten Bantaeng Provinsi Sulawesi Selatan. Penelitian ini dilaksanakan di kantor Desa Bonto Jai Kecamatan Bissappu Kabupaten Bantaeng Provinsi Sulawesi Selatan, berlangsung selama kurang lebih 2 (dua) bulan yakni bulan November-Desember 2022. Populasi dalam penelitian ini adalah seluruh kepala keluarga desa Bonto Jai yang terdiri dari 3 dusun total kepala keluarga sebanyak 563 kepala keluarga. Dengan menggunakan tehnik stratified random yakni pengambilan sampel melalui cara pembagian populasi ke dalam setiap dusun yang ada, memilih sampel acak setiap KK tiap dusun yang pernah mendapatkan pelayanan di kantor desa Bonto Jai dan menggabungkannya untuk menaksir parameter populasi sehingga sampel yang digunakan adalah 150 kepala keluarga. Tehnik pengumpulan data dilakukan melalui observasi, kuesioner dan dokumentasi, sedangkan analisis data menggunakan path analysis. Hasil penelitian menunjukkan bahwa kualitas pelayanan pada masyarakat Desa Bonto Jai Kecamatan Bissappu Kabupaten Bantaeng Provinsi Sulawesi Selatan dapat ditingkatkan oleh adanya kolaborasi pemerintahan desa, dan komitmen organisasi. Pengaruh langsung dalam penelitian ini yang menunjukkan kontribusi besar adalah kolaborasi pemerintah desa terhadap komitmen organisasi, bahwa kolaborasi merupakan sebuah prosess dan struktur dalam manejemen dan perumusan keputusan kebijakan publik yang melibatkan masyarakat yang secara konstruktif berasal dari berbagai level, baik dalam tataran pemerintahan dan atau instansi publik, institusi swasta dan masyarakat sipil dalam rangka mencapai tujuan publik yang tidak dapat dicapai apabila dilaksanakan oleh satu pihak saja.
Pengungkapan Corporate Social Responsibility (CSR) terhadap respon investor dimoderasi oleh kinerja keuangan Asrini, Asrini; Misrah, Misrah
Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan Vol. 5 No. 7 (2023): Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan
Publisher : Departement Of Accounting, Indonesian Cooperative Institute, Indonesia

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Abstract

This study aims to examine the effect of CSR disclosure on investor response, as well as examine financial performance as a reinforcing variable between CSR disclosure and investor response in Islamic banking. This type of research used is quantitative research. The population used in this study are all Islamic banking companies for the period 2018 – 2020 which are listed on the Indonesia Stock Exchange (IDX). The sample selection method in this study used a purposive sampling method. The total sample of this research is 13 companies. The data analysis technique uses the regression model selection test, the classical assumption test and the partial hypothesis test with the SPSS version 22 program. The findings of this study are that CSR disclosure has a positive and significant effect on investor response. Financial performance strengthens the effect of CSR disclosure on investor response.
An Investigation Of Free Cash Flow Againts Investment Decisions And Company Value Misrah, Misrah; Sari, Purnama
Economics and Digital Business Review Vol. 6 No. 2 (2025)
Publisher : STIE Amkop Makassar

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Abstract

Investment choices are closely tied to the internal and external funding sources. The market friction affects investment decision, and debt financing decision. The relationship between cash flow and investment efficiency has been extensively examined when making investment decisions. In terms of agency cost justifications, managers frequently spend internal funds when a company has a strong free cash flow. This study aims to synthesize and to test empirically the impact of free cash flow on investment choices and company valuation as a supplemental factor. Manufacturing firms registered on the Indonesia Stock Exchange made up the study's sample. Purposive sampling was utilized to gather the data, and a sample of 117 businesses was obtained. The findings show that the boosting free cash flow had a positive impact on business value. Investment choices were affected by free cash flow. Additionally, the causal relationship between free cash flow and firm value was mediated by investment choices. With an observation period from 2016 to 2022, it can be concluded that free cash flow has a favorable and significant impact on company valuation and investment decisions on the Indonesia Stock Exchange.
978-623-10-6200-0 (PDF) MANAJEMEN KEUANGAN : Studi Kasus dan Analisis Nilai Perusahaan S.Sos.I., S.E., M.M, Dr. Misrah.,; Sari, S.E., M.M, Purnama; Kurnia M, S.E., M.M, Dr. Fakhruddin
Lajagoe Pustaka
Publisher : Lajagoe Pustaka

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Abstract

Penyusunan buku ini bertujuan untuk menjadi referensi bagi para mahasiswa, akademisi, serta praktisi yang ingin memperdalam pengetahuan dan wawasan mengenai teori serta praktik dalam bidang keuangan dan investasi. Melalui bab-bab yang disajikan secara sistematis, diharapkan pembaca dapat memahami dengan lebih baik konsep-konsep penting seperti manajemen keuangan, hubungan keagenan, struktur kepemilikan, hingga peran pasar modal dalam mendukung perekonomian. Buku ini juga dilengkapi dengan studi kasus yang bertujuan untuk memberikan gambaran nyata tentang bagaimana berbagai variabel seperti struktur kepemilikan, free cash flow, dan leverage mempengaruhi keputusan investasi, kebijakan dividen, serta nilai perusahaan. Dengan adanya studi kasus ini, kami berharap pembaca dapat memperoleh wawasan yang lebih aplikatif dan kontekstual dalam memahami fenomena-fenomena yang terjadi di dunia keuangan.
Mastery of financial accounting and market orientation: Driving competitive advantage in Indonesian SMEs Arifin, Arifin; Misrah, Misrah; Mujahida, Sitti; Abubakar, Herminawaty
Asian Management and Business Review Volume 5 Issue 2, 2025
Publisher : Master of Management, Department of Management, Faculty of Business and Economics Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/AMBR.vol5.iss2.art3

Abstract

SMEs play a vital role in economic growth, yet sustaining competitiveness remains a challenge. This study examines the impact of market orientation and financial acumen on SME competitiveness in Indonesia, with innovation capability and resource optimization as mediators and market dynamics and financial decision-making ability as moderators. Using Structural Equation Modeling (SEM) with SmartPLS, data were collected from 500 SME owners and managers across various regions in Indonesia. The findings confirm that market orientation and financial acumen positively influence SME competitiveness, with innovation capability and resource optimization significantly mediating these effects. Additionally, market dynamics strengthen the impact of market orientation, while financial decision-making ability enhances the effect of financial acumen on competitiveness. These results emphasize the need for SMEs to integrate market-driven strategies with strong financial management practices to sustain long-term success. Practically, SME owners should invest in financial literacy, strategic decision-making, and innovation to enhance their competitive advantage. Policymakers and financial institutions should provide financial training programs, market intelligence resources, and innovation incentives to support SME growth. Future research could explore longitudinal studies and industry-specific dynamics to refine SME competitiveness strategies.