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Analysis The Influence Of CSR, Cash Flow, And GCG On Dividend Policy In Consumer Goods Sector Turnip, Jainal Abidin; Usman, Bahtiar
Gema Wiralodra Vol. 15 No. 2 (2024): Gema Wiralodra
Publisher : Universitas Wiralodra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31943/gw.v15i2.714

Abstract

Investors need information that can support their decision to invest, including analyzing the factors that influence a company's decision to distribute dividends. This research aims to analyze and explain the influence of CSR, cash flow and GCG on dividend policy in consumer goods sector companies listed on the IDX. The independent variables are CSR, cash flow, GCG, leverage, liquidity and company size and the dependent variable is dividend policy. Dividend policy is chosen as the dependent variable because it is used to determine the value of earnings per share to be distributed to shareholders. The data used in this research is secondary data sourced from annual reports of consumer goods sector companies listed on the Indonesia Stock Exchange (BEI) during the 2013-2022. The research sample was selected using a purposive sampling method , which was chosen because it allows for a more in-depth analysis of research subjects with specific characteristics. As a result, 13 companies were obtained as samples. The data analysis used for hypothesis testing is multiple regression analysis using E-Views software. The results show that CSR, cash flow, GCG, and liquidity as control variables have a positive influence on dividend policy. The study also indicates that leverage and firm size as control variables do not affect dividend policy. These findings provide significant implications for management in conducting CSR activities and considering the conditions of cash flow, GCG, and liquidity when determining dividend policy . Based on the results, the Adjusted R-squared value indicates that Corporate Social Responsibility, Good Corporate Governance, Cash Flow, Leverage, Liquidity, and Company Size collectively influence Dividend Policy by 31.33%, while the remaining 68.67% is influenced by factors outside the research model.
Service creativity, service excellence, and digital marketing on repeat purchase behavior mediated by customer satisfaction: Educational insights from wellness yoga programs Ramdhani, Rommy Mochamad; Usman, Bahtiar; Yaputra, Hermanto; Rosadi , Barkah
Educenter : Jurnal Ilmiah Pendidikan Vol. 3 No. 2 (2024): Educenter: Jurnal Ilmiah Pendidikan
Publisher : ARKA INSTITUTE

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55904/educenter.v3i2.1256

Abstract

This study explores the influence of service creativity, service excellence, and digital marketing on repeat purchase behavior, with a focus on the educational aspects of wellness yoga programs. Conducted across various regions including Bandung, Klaten, Mojokerto, and Ubud, with a sample of 200 respondents, the research employed AMOS 24 for data analysis. The findings reveal that service excellence, digital marketing strategies, customer satisfaction, and brand image significantly affect repeat purchase behavior. Notably, brand image has a strong influence, potentially fostering customer loyalty and repeat purchases. The study highlights the importance of understanding the educational needs of yoga practitioners, suggesting that yoga studio managers should directly engage with practitioners to tailor services to their specific learning needs. This research contributes to the educational field by offering insights into how service-dominant logic can enhance the learning experience within wellness yoga programs. It underscores the necessity for yoga programs to prioritize service quality, thereby enhancing the educational value and overall effectiveness of yoga health tourism.
PENGARUH CORPORATE SOCIAL RESPONSIBILITY, GOOD CORPORATE GOVERNANCE DAN DIVIDEND POLICY TERHADAP KINERJA PERBANKAN DI INDONESIA Mutianingsih, Veronika; Usman, Bahtiar; Hartini, Hartini
SCIENTIFIC JOURNAL OF REFLECTION : Economic, Accounting, Management and Business Vol. 7 No. 4 (2024): SCIENTIFIC JOURNAL OF REFLECTION: Economic, Accounting, Management, & Business
Publisher : Sekolah Menengah Kejuruan (SMK) Pustek

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37481/sjr.v7i4.952

Abstract

This research aims to examine the influence of corporate social responsibility, good corporate governance (institutional ownership and board size), and dividend policy on the financial performance of banking in Indonesia Stock Exchange (IDX) during the period of 2018 to 2022. A sample of 44 was selected using purposive sampling. The analysis was conducted using E-Views, and the results indicate that corporate social responsibility, good corporate governance, and dividend policy simultaneously affect financial performance. CSR and GCG (institutional ownership and board size) do not significantly influence banking performance in Indonesia, while dividend policy has a significant negative effect on banking performance. This study provides insights for banks and investors to consider dividend policy in managing their businesses and making investment decisions.
The Influence of Risk, Leverage, Board Gender Diversity, Moderated by Firm Size on Profitability of Banking Sector Winiadi, Nicky; Usman, Bahtiar; Nalurita, Febria
JURNAL AKUNTANSI DAN BISNIS : Jurnal Program Studi Akuntansi Vol. 10 No. 2 (2024): November 2024
Publisher : Universitas Medan Area

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31289/jab.v10i2.12431

Abstract

The economic growth has been propelled by substantial changes in the monetary framework, the relaxation of financial limitations, and the incorporation into the international market. Various factors influence how companies operate to gain profits. The theory underpinning this research is risk management theory, focusing on how credit risk and market risk affect company profitability. Credit risk refers to potential losses from parties failing to meet their financial obligations, while market risk relates to asset value fluctuations due to market factors. Leverage (debt usage) represents financial theory innovation, addressing how a company's capital structure impacts profitability. Board diversity represents corporate governance theory innovation, examining the influence of female board representation on profitability. This study aims to determine the influence of credit risk, market risk, leverage, and board gender diversity on profitability, considering the moderating effects of business size. The data employed in this study was acquired from the annual financial reports of banking firms listed on the Indonesia Stock Exchange (IDX), covering the period from 2018 to 2023. Purposive sampling identified a sample of 38 banks. The results show that credit risk and market risk significantly positively influence profitability. Credit risk and market risk moderated by firm size significantly negatively affect profitability. Leverage significantly negatively influences profitability, moderated by firm size. Board gender diversity does not affect profitability, and its moderation by firm size also does not affect profitability. Leverage, credit risk, and market risk have the potential to enhance profitability and attract investors, who can consider these factors for better risk-based investment decisions
The Effect of Trade Credit, Technology Investment, Competition on Firm Performance of Construction Companies in Indonesia Wildan, Wildan; Usman, Bahtiar; Nalurita, Febria
Jurnal Economic Resource Vol. 7 No. 2 (2024): September - February
Publisher : Fakultas Ekonomi & Bisnis Universitas Muslim Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57178/jer.v7i2.1075

Abstract

This study aims to analyze the impact of trade credit, technology investment, and competition on firm performance in Indonesia's construction sector, which is one of the main pillars of the national economy. Indonesia's construction industry has experienced significant growth in recent decades, but also faces complex challenges, especially post-pandemic. This study uses a quantitative approach with data from construction companies in Indonesia over the period 2019-2023. The analytical method used includes multiple linear regression to examine the relationship between the independent variables (trade credit, technology investment, and competition) and the dependent variable (firm performance). The results show that trade credit has a significant positive influence on firm performance, providing important financial flexibility in running operations. In addition, technology investment is proven to increase efficiency and innovation, which has a positive impact on performance. Competition in the industry also encourages firms to adapt and improve performance, although it can create significant pressure. The findings are expected to provide insights for companies, investors, and managers regarding effective strategies to improve firm performance in the face of challenges in the construction sector. This study also recommends the need for policies that support technology investment and sound trade credit practices to promote sustainable growth in the Indonesian construction industry.
Third-Party Interest Rate Spread Determinant of Bank in Indonesia Suyasa, I Ketut; Manurung, Adler; Usman, Bahtiar
International Journal of Economic Research and Financial Accounting Vol 3 No 2 (2025): IJERFA JANUARY 2025
Publisher : CV. AFDIFAL MAJU BERKAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55227/ijerfa.v3i2.248

Abstract

This research examines the determinants of the banks’ third-party interest rate spread. The dependent variable of this research is the banks’ third-party interest rate spread. Independent variables include the bank-specific, macroeconomic, and global condition factors. The bank-specific factors include capital adequacy, unresolved credit, corporate value, operational inefficiency, non-interest income portion, and stocks’ total risk. The reference interest rate and saving propensity are part of macroeconomic factors. The global condition factor uses the COVID-19 pandemic as a dummy variable. The mediating variable uses the banks’ customer trust. The banks’ customer trust consists of depositor trust and debtor trust. The research uses panel data from banks' annual reports, the Indonesian Central Bank (Bank Indonesia), Indonesia's Central Bureau of Statistics (Badan Pusat Statistik), and Yahoo Finance from 2010 to 2022. According to the panel selection and classical test, the Generalize Leases Square Fix Effect Model was chosen for panel data estimation. This research found that unresolved credit, operational inefficiency, and saving propensity significantly affect depositor trust. Unresolved credit, operational inefficiency, saving propensity, and the COVID-19 pandemic significantly affect debtor trust. Capital adequacy, operational inefficiency, saving propensity, stocks’ total risk, the COVID-19 pandemic, depositor trust, and debtor trust significantly affect the third-party interest rate spread. Depositor trust and debtor trust as mediating variables successfully mediated some of the independent variables to influence third-party interest rate spread.
ANALISA FAKTOR-FAKTOR KEPUASAN MITRA KERJA SAMA PADA PROGRAM DOKTOR ILMU EKONOMI UNIVERSITAS TRISAKTI Ekasari, Ayu; Usman, Bahtiar; Warsindah, Lucy
Premium Insurance Business Journal Vol. 9 No. 1 (2022): PREMIUM INSURANCE BUSINESS JOURNAL
Publisher : P3M Trisakti School of Insurance (TSI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35904/premium.v9i1.26

Abstract

This study aims to analyze the factors that determine the satisfaction of partners in Doctoral Programs in Economics, Universitas Trisakti. The population of this study consists of thirty-six institutions/groups that have been actively involved in some activities with the Doctoral Programs in Economics, Universitas Trisakti. The data collection method is a survey by distributing questionnaires to all members of the population. The data is analyzed using the mean score taken from the results of statistic descriptive. Results show that on average the partners are satisfied with the cooperation that has been established. The contribution of this research is to provide inputs for the Doctoral Programs in Economics, Universitas Trisakti. in maintaining and improving factors that influence partners' satisfaction. From an academic perspective, this research expands the domain of relationship marketing which has been dominated by customer satisfaction. The weakness of this research is the use of descriptive statistics. Future research can explore other factors that influence partner satisfaction and use importance-performance analysis to analyze the data.
The Effect of Expectations Disconfirmation and Employee Expertise on Revisit Intention and Recommendation through Tourists’ Satisfaction: EDT Lens Yuwono, Daniel; Syofyan, Syofriza; Aseanty, Deasy; Usman, Bahtiar
Jurnal Bisnis dan Manajemen Vol. 11 No. 2 (2024): Jurnal Bisnis dan Manajemen Volume 11 Nomor 2 Tahun 2024
Publisher : University of Merdeka Malang

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

Abstract

This study aims to analyse the effect of customer expectations (disconfirmation) and employee expertise on revisit interest and the tendency to recommend through customer satisfaction as an intervening variable. This study uses a quantitative research design with an explanatory research approach. Data were collected through questionnaires distributed to tourists. Data analysis using Structural Equation Modeling (SEM) with WarpPLS.The results showed that: Customer expectation (disconfirmation) and employee expertise have a positive effect on customer satisfaction. As well as customer satisfaction has a positive effect on return visit interest and the tendency to recommend. This study make a significant contribution to the understanding of the relationship between customer expectations (disconfirmation), employee expertise, customer satisfaction, return visit interest, and propensity to recommend. The results of this study can also help the tourism industry to develop appropriate strategies and programmes to improve customer expectations (disconfirmation), employee expertise, and customer satisfaction.
Antecendents Of Hotel Performance With Organizational Ambidexterity As Mediation On Employee of Three Star Hotels In Special Region Of Jakarta Happy Vanesa, Valentina; Usman, Bahtiar; Oki Berliyanti, Dita
International Journal of Science, Technology & Management Vol. 5 No. 6 (2024): November 2024
Publisher : Publisher Cv. Inara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46729/ijstm.v5i6.1188

Abstract

The research aims to test and analyze the factors that influence Hotel Employee performance among 3 star hotel employees in Jakarta The unit of analysis is 322 individual employees who work for employees from 10 3-star hotels in Jakarta. Cross-sectional and one-shot data collection was carried out through structured questionnaires distributed via Google Form and also directly. Asymmetric causal research design using quantitative methods. The proposed model includes 123 hypotheses and is tested using Structural Equation Modeling (SEM). The majority of respondents were women aged 20-24 years, with contract employee status, staff positions, working period of less than 5 years with a high school/vocational school/equivalent education level. The results of the test found that Ambidextrous Leadership, Ambidextrous Organizational Culture and Organizational Ambidexterity had a positive influence on Hotel performance while Organizational Ambidexterity had a positive influence from Ambidextrous Leadership and Ambidextrous Organizational Culture The research results can help deepen understanding of the complexity of the relationship between HR Flexibility, ambidextrous, amdixterous leadership and High Performance Work Leadership System on Hotel Employee Performance through organizational Ambidexterity.
The Effect of Audit Committee Characteristics and Board Size Moderated by Ownership Concentration on Profitability of Commercial Banks in Indonesia Maulana, Tubagus Rama; Usman, Bahtiar; Nalurita, Febria
Jurnal Economic Resource Vol. 8 No. 1 (2025): March-August
Publisher : Fakultas Ekonomi & Bisnis Universitas Muslim Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57178/jer.v8i1.1151

Abstract

This study aims to analyze the effect of audit committee size, audit committee independence, audit committee meetings, board size, bank size, leverage on profitability with variable ownership concentration as a moderating variable in banking companies in Indonesia. Profitability in this study is focused on assessing the company's ability to generate corporate profits against company assets (ROA). Sample selection using purposive sampling method in this study was conducted on 41 conventional commercial bank companies listed on the Indonesia Stock Exchange (IDX) for the period 2019 - 2023. The data used in this study are secondary data sourced from the annual reports of banking companies published on the Indonesia Stock Exchange. Data analysis using multiple regression tests, using Eviews 10 in data processing. The results of this study are audit commitee size has an insignificant effect on profitability. In model 1 audit commitee independence has a negative and significant effect on profitability. In model 2 audit commitee independence has an insignificant effect on profitability. In model 1 audit commitee meetings have an insignificant effect on profitability. In model 2, audit committee meetings have a negative and significant effect on profitability. In model 1, board size has a negative and significant effect on profitability. Model 2, board size has a positive and significant effect on profitability. In model 1 ownership concentration has an insignificant effect on profitability. In model 2 ownership concentration has a positive and significant effect on profitability. In model 2, audit committee size moderated by ownership concentration has an insignificant effect on profitability. In model 2 audit committee independence which is moderated by ownership concentration has an insignificant effect on profitability. In model 2 audit committee meetings moderated by ownership concentration have a positive and significant effect on profitability. In model 2 board size which is moderated by ownership concentration has a negative and significant effect on profitability. bank size has a positive and significant effect on profitability. And the leverage variable has a negative and significant effect on profitability.