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Analisis Reaksi Pasar Terhadap Pengumuman Dividen Perusahaan LQ45 Handoko, Liza
JURNAL RISET BISNIS DAN MANAJEMEN Vol 4, No 3 (2016): JRBM Vol 4 no 3 tahun 2016
Publisher : Universitas Sam Ratulangi

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The purpose of this research is to test whether there is a difference in abnormal return and trading volume activity responded to dividend announcement made by companies in Index LQ45. This research conducted using event study method and uses paired sample t-test as the statistic tool. Cum-date dividend was choosed as the event day and thus make 11 days of window period consist of 5 days before cum-date, cum-date, and 5 days after cum-date. The sample consist of 34 companies which in the list of index LQ45 for the year of 2015. The findings in this research show that there is no significant difference between abnormal before the announcement and after the annoucement and there is no significant difference between trading volume activity before the announcement and after the annoucement. Keywords: dividend announcement, abnormal return, trading volume activity, event study.

Dancing with Uncertainty: Unraveling Firm Investment Inefficiencies in the Asia Pacific Region Juliana, Rita; Handoko, Liza; Lee, Nicholas
Journal of Economics, Business, and Accountancy Ventura Vol. 27 No. 1 (2024): April - July 2024
Publisher : Universitas Hayam Wuruk Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v27i1.4096

This study explores the intricate relationship between uncertainty and corporate investment inefficiencies in the Asia-Pacific region, utilizing data from non-financial firms between 2008 and 2021. The method used in the study is fixed effect regression with Driscoll-Kraay robust standard error. The empirical analysis unveils that uncertainty leads to overinvestment. This phenomenon is more pronounced in middle and low-income economies, while high-income countries display a distinct trend of less susceptibility to uncertainty-induced suboptimal investment choices. The study’s implications extend to policymakers and industry stakeholders, urging a closer examination of firms’ risk management strategies, particularly considering the strategic potential of overinvestment as a buffer against uncertainty’s adverse effects. This holds particular significance in the dynamic economic landscape of the Asia-Pacific countries, where the study contributes to a deeper understanding of the interplay between uncertainty and inefficiency of investment decisions across diverse economic settings.

MENINGKATKAN KINERJA UKM MELALUI MANAJEMEN MODAL KERJA DI KOTA BITUNG Handoko, Liza; Kim, Sung Suk; Ugut, Gracia; Lusmeida, Herlina
Proceeding National Conference Business, Management, and Accounting (NCBMA) 7th National Conference Business, Management, and Accounting
Publisher : Faculty of Economics and Business Universitas Pelita Harapan

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Usaha Kecil dan Menengah (UKM) memiliki peran penting dalam perekonomian Indonesia dan mendapat perhatian khusus dari pemerintah. Untuk bertahan dan berkembang, setiap UKM harus mengembangkan keunggulan kompetitifnya, yang memerlukan modal kerja yang baik untuk mendukung kegiatan operasional sehari-hari dan investasi jangka panjang. Pelatihan ini bertujuan membuka wawasan para pengusaha UKM mengenai pengelolaan modal kerja. Diharapkan pelatihan ini membantu pengusaha UKM di Dinas Koperasi dan UKM Kota Bitung menjadi lebih handal dalam mengelola modal kerja, sehingga penggunaannya lebih efektif dan memastikan keberlangsungan usaha mereka.

UNRAVELING QUALITATIVE RESEARCH: BREAKING BARRIERS? Handoko, Liza; Wuisan, Dewi; Meilani, Yohana; Sitompul, Thomson; Soetardjo, Mulyadi
Proceeding National Conference Business, Management, and Accounting (NCBMA) 7th National Conference Business, Management, and Accounting
Publisher : Faculty of Economics and Business Universitas Pelita Harapan

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This research aims to assist the researchers at Surya Nusantara Adventist College in gaining knowledge about qualitative research methods. The goal is to encourage respondents to conduct research using qualitative approaches in their respective fields of expertise. The workshop covered the following topics: What is qualitative research methodology, and how does it differ from quantitative methodology? What are the strengths and weaknesses of qualitative research, and how can one effectively conduct qualitative research (tips)? Prior to the workshop, the respondents admitted to having difficulty with qualitative research due to a lack of understanding. However, after the workshop, the respondents reported a better understanding of qualitative research concepts and felt motivated to consider qualitative research as an alternative method. 75% of participants stated that the material presented met their needs, and 81% said that it broadened their insights. They expressed motivation to apply qualitative research in their future projects.

SENSITIVITAS ARUS KAS TERHADAP KAS PERUSAHAAN INDONESIA Widjaja, Richeart; Handoko, Liza
Proceeding National Conference Business, Management, and Accounting (NCBMA) 7th National Conference Business, Management, and Accounting
Publisher : Faculty of Economics and Business Universitas Pelita Harapan

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Penelitian ini mengkaji apakah sensitivitas arus kas terhadap kas perusahaan di Indonesia bersifat asimetris. Data yang digunakan dalam penelitian ini mencakup 620 perusahaan non-finansial dan non-utilitas di Indonesia selama periode 2009-2021, menghasilkan total 5.360 observasi. Hasil analisis regresi menunjukkan bahwa terdapat asimetri dalam sensitivitas arus kas terhadap kas perusahaan. Ketika perusahaan mengalami arus kas positif, sensitivitas arus kas terhadap kas bersifat negatif. Sebaliknya, ketika perusahaan mengalami arus kas negatif, sensitivitas arus kas bersifat positif. Asimetri ini semakin nyata pada perusahaan yang memiliki keterbatasan akses terhadap keuangan eksternal (keterbatasan keuangan). Temuan ini menegaskan adanya asimetri dalam sensitivitas arus kas terhadap kas dan dampak keterbatasan keuangan eksternal terhadap kebijakan perusahaan di negara berkembang.

PROMOTING BLUE ECONOMY: FACTOR IDENTIFICATION AND MODEL DEVELOPMENT FOR MICRO SMALL & MEDIUM ENTERPRISES (MSME) IN BITUNG, NORTH SULAWESI: A RESEARCH PROPOSAL Handoko, Liza; Sihombing, Sabrina O.; Layman, Chrisanty V.
Proceedings of the International Conference on Entrepreneurship (IConEnt) Vol. 2 (2022): Proceedings of the 2nd International Conference on Entrepreneurship (IConEnt)
Publisher : Universitas Pelita Harapan

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As an archipelagic country, Indonesia has so much potential to promote a blue economy. The blue economy refers to industrialized fishery activities promoting and accelerating economic growth. In other words, this industrialization in the marine and fishery sector is the process of adding value to the productivity and production scale. The fishery sector is one of the main sectors contributing to Indonesia’s economic growth and is not a standalone sector. However, it also brings other sectors into motion, such as tourism. Furthermore, we would like to dive deep into the technology-based blue economy. This research proposal aims to identify inhibiting and supporting factors for the digitalization of SMEs in the fishery sector.Moreover, after gathering those factors, this research will continue to build a model that explains entrepreneurial self-motivation in promoting and hindering digitalization programs. Two important reasons that this research is necessary are, first, limited studies were trying to identify factors that cause the technology gap for the SMEs in the fishery sector. Secondly, developing a model of internal factors that promote and hinder SMEs from going digital, particularly in the blue economy. This research will be conducted in Bitung City, North Sulawesi, as the object of research due to the potential of natural resources in the fishery sector.

SENSITIVITAS ARUS KAS TERHADAP KAS PERUSAHAAN INDONESIA Widjaja, Richeart; Handoko, Liza
Proceeding National Conference Business, Management, and Accounting (NCBMA) 7th National Conference Business, Management, and Accounting
Publisher : Faculty of Economics and Business Universitas Pelita Harapan

Show Abstract | Download Original | Original Source | Check in Google Scholar

Penelitian ini mengkaji apakah sensitivitas arus kas terhadap kas perusahaan di Indonesia bersifat asimetris. Data yang digunakan dalam penelitian ini mencakup 620 perusahaan non-finansial dan non-utilitas di Indonesia selama periode 2009-2021, menghasilkan total 5.360 observasi. Hasil analisis regresi menunjukkan bahwa terdapat asimetri dalam sensitivitas arus kas terhadap kas perusahaan. Ketika perusahaan mengalami arus kas positif, sensitivitas arus kas terhadap kas bersifat negatif. Sebaliknya, ketika perusahaan mengalami arus kas negatif, sensitivitas arus kas bersifat positif. Asimetri ini semakin nyata pada perusahaan yang memiliki keterbatasan akses terhadap keuangan eksternal (keterbatasan keuangan). Temuan ini menegaskan adanya asimetri dalam sensitivitas arus kas terhadap kas dan dampak keterbatasan keuangan eksternal terhadap kebijakan perusahaan di negara berkembang.

MENINGKATKAN KINERJA UKM MELALUI MANAJEMEN MODAL KERJA DI KOTA BITUNG Handoko, Liza; Kim, Sung Suk; Ugut, Gracia; Lusmeida, Herlina
Proceeding National Conference Business, Management, and Accounting (NCBMA) 7th National Conference Business, Management, and Accounting
Publisher : Faculty of Economics and Business Universitas Pelita Harapan

Show Abstract | Download Original | Original Source | Check in Google Scholar

Usaha Kecil dan Menengah (UKM) memiliki peran penting dalam perekonomian Indonesia dan mendapat perhatian khusus dari pemerintah. Untuk bertahan dan berkembang, setiap UKM harus mengembangkan keunggulan kompetitifnya, yang memerlukan modal kerja yang baik untuk mendukung kegiatan operasional sehari-hari dan investasi jangka panjang. Pelatihan ini bertujuan membuka wawasan para pengusaha UKM mengenai pengelolaan modal kerja. Diharapkan pelatihan ini membantu pengusaha UKM di Dinas Koperasi dan UKM Kota Bitung menjadi lebih handal dalam mengelola modal kerja, sehingga penggunaannya lebih efektif dan memastikan keberlangsungan usaha mereka.

UNRAVELING QUALITATIVE RESEARCH: BREAKING BARRIERS? Handoko, Liza; Wuisan, Dewi; Meilani, Yohana; Sitompul, Thomson; Soetardjo, Mulyadi
Proceeding National Conference Business, Management, and Accounting (NCBMA) 7th National Conference Business, Management, and Accounting
Publisher : Faculty of Economics and Business Universitas Pelita Harapan

Show Abstract | Download Original | Original Source | Check in Google Scholar

This research aims to assist the researchers at Surya Nusantara Adventist College in gaining knowledge about qualitative research methods. The goal is to encourage respondents to conduct research using qualitative approaches in their respective fields of expertise. The workshop covered the following topics: What is qualitative research methodology, and how does it differ from quantitative methodology? What are the strengths and weaknesses of qualitative research, and how can one effectively conduct qualitative research (tips)? Prior to the workshop, the respondents admitted to having difficulty with qualitative research due to a lack of understanding. However, after the workshop, the respondents reported a better understanding of qualitative research concepts and felt motivated to consider qualitative research as an alternative method. 75% of participants stated that the material presented met their needs, and 81% said that it broadened their insights. They expressed motivation to apply qualitative research in their future projects.

FACTORS AFFECTING FINANCIAL DISTRESS: EVIDENCE FROM INDONESIA Chrissentia, Tirza; Handoko, Liza
Milestone: Journal of Strategic Management Vol 5. No. 1 April 2025
Publisher : Universitas Pelita Harapan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19166/ms.v5i1.8607

This study analyzes the impact of various factors on financial distress in Indonesian companies, focusing on profitability, institutional ownership, firm size, firm age, interest expense, dividend payout, retained earnings, and the COVID-19 pandemic. The objective of the research was to understand the effects of those internal and external factors before crisis, during crisis and post crisis. Data from companies listed on the Indonesia Stock Exchange (excluding the financial sector) from 2013 to 2022. The numbers of the sample based on the criteria were 691 companies, which makes 6132 observation points in total as the sample for this research. The sample was analyzed using logistic regression to determine the relationship between these variables and financial distress. The study found that profitability significantly reduces the likelihood of financial distress, while firm size, firm age, high interest expenses, high retained earnings, and the COVID-19 pandemic significantly increase the likelihood of financial distress. Based on the findings, this study analyzed the impact of a company's condition during a crisis and the effect of external factors on the probability of financial distress and its impact on the company. The study can be used as a basis for company planning under external pressure conditions, considering the possibility of future events like pandemics or other crises.

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