Article Per Year (5 Year)
p-Index From 2021 - 2026
2.286
P-Index
This Author published in this journals
All Journal Jurnal Keuangan dan Perbankan Media Ekonomi dan Manajemen Jurnal Ekonomi & Studi Pembangunan DERIVATIF TIJAB (The International Journal of Applied Business) Jurnal Proaksi Value: Jurnal Manajemen dan Akuntansi Journal of Economics Research and Social Sciences International Journal of Digital Entrepreneurship and Business (IDEB) Jurnal Manajemen dan Pemasaran Jasa Ekonomi Digital Dirkantara Indonesia
Powell Gian Hartono
STIE Jakarta International College
Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Industrial & Manufacturing Engineering Social Sciences Other

Published : 15 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 15 Documents
Search

 1   2 
Prediktor-Prediktor Kebijakan Dividen: Studi Empiris Perusahaan Real Estat dan Properti Indonesia Ramadhany, Yasika Aulia; Sabe, Celine Catharine; Hartono, Powell Gian
Ekonomi Digital Vol. 4 No. 2 (2025): Oktober
Publisher : PT. Cendekia Sapta Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55837/ed.v4i2.179

Abstract

Purpose ― Penelitian ini bertujuan untuk menginvestigasi pengaruh profitabilitas, leverage, ukuran perusahaan, dan usia perusahaan terhadap kebijakan dividen pada perusahaan sektor real estat dan properti di Indonesia. Methods ― Studi ini menggunakan pendekatan kuantitatif berbasis data panel pada 20 perusahaan selama periode 2014–2023, dengan estimasi Random Effect Model (REM) berbasis Generalized Least Squares. Findings ― Hasil regresi menunjukkan bahwa profitabilitas dan usia perusahaan berpengaruh positif dan signifikan terhadap kebijakan dividen, sementara ukuran perusahaan berpengaruh negatif. Leverage menunjukkan pengaruh positif namun tidak searah dengan dugaan awal. Temuan ini mengindikasikan bahwa struktur keuangan internal dan kematangan siklus hidup perusahaan lebih dominan dalam memengaruhi kebijakan dividen dibandingkan skala perusahaan. Implication ― Hasil ini merekomendasikan perlunya penguatan kinerja laba dan optimalisasi struktur modal sebagai instrumen pengelolaan reputasi dan stabilitas pasar dalam kebijakan dividen. Originality ― Penelitian ini memberikan kontribusi kontekstual terhadap literatur kebijakan dividen di sektor properti negara berkembang, dengan menyoroti dinamika spesifik sektoral yang belum banyak terungkap dalam studi lintas negara.
Perencanaan Keuangan Jangka Pendek Untuk Menentukan Kebutuhan Kas Pada UMKM Matusin, Anita Roosmalina; Darasih, Ratna; Wulan sari; Nurhayati; Hartono, Powell Gian; Trisanti, Nadia; Raudha, Sita Noveni
Dirkantara Indonesia Vol. 2 No. 2: September-Februari 2024
Publisher : PT. Cendekia Sapta Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55837/di.v2i2.69

Abstract

Pandemi Covid-19 di Indonesia sudah mengalami penurunan. Pertumbuhan ekonomi nasional mengalami penurunan signifikan akibat dari pandemi Covid-19. Hal ini disebabkan pemerintah mengeluarkan kebijakan PPKM untuk mencegah penularan Covid-19 di masyarakat, sehingga terjadi penurunan konsumsi masyarakat yang berdampak pada penurunan penjualan dan pendapatan di semua bisnis termasuk UMKM. Untuk bangkit kembali dari keterpurukannya, masalah utama yang dihadapi oleh UMKM adalah masalah modal usaha. Untuk membantu UMKM agar dapat bangkit kembali, pemerintah mengeluarkan program PEN seperti merestrukturisasi kredit. Selain itu agar usaha berjalan lancar, pelaku UMKM juga harus mampu membuat perencanaan keuangan jangka pendek dengan membuat laporan anggaran kas sehingga diketahui kebutuhan kas di waktu yang akan datang serta langkah-langkah yang dilakukan jika mengalami kelebihan atau kekurangan kas, sehingga usaha berjalan lancar dan dapat memperoleh keuntungan maksimal
Did investment opportunity moderate the influence of the COVID-19 crisis on dividend policy? Hartono , Powell Gian; Tinungki, Georgina Maria; Suade, Yuyun Karystin Meilisa; Rahardja, Liana; Triany, Novika Ayu; Tyas, Isthi Wahyuning; Hartono, Patrick Gunawan
Jurnal Manajemen dan Pemasaran Jasa Vol. 17 No. 2 (2024): September
Publisher : Lembaga Penerbit Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25105/v17i2.20006

Abstract

During the COVID-19 crisis, the investment opportunity experienced a low condition, indicated by a decrease in the market price to book value during the crisis, believed to moderate the impact of the COVID-19 crisis on dividend policy, specifically focusing on companies within the real estate and property sector in Indonesia. Therefore, this study examines the effect of the COVID-19 crisis, measured by GDP growth, on dividend policy moderated by investment opportunity. Employing a quantitative approach, the research spans from 2014 to 2021, using a purposive sampling technique to select 31 real estate and property sector companies as samples. Statistical analysis is conducted using dynamic panel data regression, employing the System-Generalized Method of Moments with a Two-Step estimator to produce more efficient parameter estimates and accommodate the dynamics of dividend policy. The findings reveal that during the COVID-19 crisis, companies in this sector tended to adopt higher dividend policies than non-crisis periods. Furthermore, investment opportunity was proven to positively moderate the influence of the COVID-19 crisis, proxied by GDP growth, on dividend policy. This study has implications for company management when considering investment opportunities that can moderate dividend policy during a crisis. Additionally, it advises investors to pay attention to the moderation of investment opportunities on the impact of the COVID-19 crisis on dividend policy to achieve optimal stock investment returns, especially dividend returns. The originality of this research lies in testing the moderation of investment opportunity on the impact of the COVID-19 crisis on dividend policy.
The profitability of Indonesian infrastructure companies amid COVID-19: Quantile regression for stability testing Wijaya, Jason; Hartono, Powell Gian; Setiawati, Jacky; Wijaya, Janssen; Sutanto, Reinhard Stenley; Chendry, Efan James William
Jurnal Ekonomi & Studi Pembangunan Vol. 26 No. 1: April 2025
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v26i1.24971

Abstract

: The COVID-19 pandemic has significantly impacted the global economy, including Indonesia, adversely affecting financial performance, particularly profitability, in sectors such as infrastructure, which are highly sensitive to macroeconomic conditions. This study aims to examine the profitability of Indonesian infrastructure companies during the COVID-19 crisis period. Using annual GDP growth (GDPG) as a proxy for macroeconomic conditions and return on assets (ROA) as a measure of profitability, the study incorporates control variables in an empirical model. A sample of 41 companies was selected through purposive sampling, and Quantile Regression was employed to test stability across various quantile distributions of the endogenous variable. The findings reveal that infrastructure companies experienced a decline in profitability during the crisis years of 2020 and 2021 compared to the pre-crisis period, with profitability improving in 2022 as GDP growth rebounded. Robustness checks confirm consistent results across quantiles 0.1 to 0.7, indicating stability in low (τ = 0.1–0.3) and medium (τ = 0.4–0.6) profitability levels. However, the relationship was unstable at higher quantiles (τ = 0.7–0.9), with significant effects observed only at τ = 0.7. These empirical findings suggest managerial implications for corporate executives and financial decision-makers within Indonesian infrastructure companies, emphasizing the need for operational strategy adaptations, including cash flow efficiency, revenue diversification, and risk mitigation, to navigate macroeconomic dynamics and capitalize on economic recovery opportunities.
The Determinants of Dividend Policy: An Empirical Study of Inconsistent Distribution of Dividends Using Balanced Panel Data Analysis Hartono, Powell Gian; Sari, Wahyuni Rusliyana; Tinungki, Georgina Maria; Jakaria, Jakaria; Hartono, Agus Budi
Media Ekonomi dan Manajemen Vol 36, No 2 (2021): July 2021
Publisher : Fakultas Ekonomika dan Bisnis UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (519.718 KB) | DOI: 10.24856/mem.v36i2.2023

Abstract

The inconsistent distribution of dividends is a unique phenomenon and it needs to be examined. Therefore, the purpose of this study is to examine ten predictors affecting dividend policy of the inconsistent distribution of dividends. This study used the purposive sampling method to analyze the data that were obtained from a total sample of 133 observation objects collected in the 19 real estates, property, and building construction companies listed on the IDX Between 2013 - 2019. Furthermore, the method used is hypotheses testing and statistical analysis tool used is the hierarchical multiple panel data regression with the Least Squares Dummy Variables. The results obtained from panel A are firm risk, financial leverage, and investment opportunity that affect the dividend policy. Meanwhile, the panel B results are company risk, financial leverage, investment opportunity, and previous dividend, although the previous dividend had no effect due to the different direction of influence. This study proves the determinants and relevance of the parametric statistical analysis in the inconsistent distribution of dividends. Moreover, it is useful for managerial practitioners to pay attention to predictors for increasing company performances and to ensure investors obtain optimal return of their dividend.
Co-Authors Agus Budi Hartono Anang Kistyanto Anita Roosmalina Matusin Arianto, Arselia Stefy Chendry, Efan James William Dwiarko Nugrohoseno Erwin Erwin Firman, Afrizal Fransisca Laij Georgina Maria Tinungki Hartono, Agus Budi Hartono, Patrick Gunawan Isthi Wahyuning Tyas, Isthi Wahyuning Jakaria Jakaria Kiandra Putri Susanto Lestari, Henny Setyo Maichal Maichal Monalisa Monalisa Monalisa Monalisa Muhammad Yaasiin Raya Nurhayati Rahardja, Liana Ramadhany, Yasika Aulia Ratna Darasih Raudha, Sita Noveni Richy Wijaya Sabe, Celine Catharine Setiawati, Jacky St Salmah Sharon Suade, Yuyun Karystin Meilisa Sutanto, Reinhard Stenley Tinungki, Georgina Maria Triany, Novika Ayu Trisanti, Nadia Wijaya, Janssen Wijaya, Jason Wilopo, Chezter Christopher Wulan Sari Yudha, I Made Endra Kartika Yuyun Karystin Meilisa Suade