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The determinants of hedging and firm value: an empirical study in mining companies listed on Indonesia stock exchange Irawanti, Garnis; Moeljadi, Moeljadi; Indrawati, Nur Khusniyah
MEC-J (Management and Economics Journal) Vol 2, No 2 (2018)
Publisher : Faculty of Economics, State Islamic University of Maulana Malik Ibrahim Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (858.946 KB) | DOI: 10.18860/mec-j.v0i1.5017

Abstract

This study aims to determine the determinant factors in the company's hedging decisions and to determine whether the activities of corporate hedging decisions through derivative instruments provide increased value for the company. The sample consisted of 33 mining companies listed on Indonesia Stock Exchange during 2011-2015 period. The method used in this study is logistic regression and independent sample t-test. The result of logistic regression by using variable of financial distress, underinvestment cost, and size showed a positive correlation to corporate hedging decision. Meanwhile, by using an independent sample t-test found that the company's hedging decisions significantly affect the value of firms and the companies with hedging decision activity through derivative instruments have more superior value than companies by using natural hedging decisions. 
Penerapan Enterprise Risk Management dalam Meningkatkan Kinerja Keuangan di Perusahaan “XYZ” Pranatha, Mohamad A’ar; Moeljadi, Moeljadi; Hernawati, Erna
Ekonomi dan Bisnis Vol 5, No 1 (2018): Ekonomi dan Bisnis
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Pembangunan Nasional Veteran Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (415.268 KB) | DOI: 10.35590/jeb.v5i1.686

Abstract

The research will be discussed about the impact of the implementation of Enterprise Risk Management in improving financial performance in Company "XYZ". This research is done by using Qualitative method. In this study, the analysis of operational activities and the results of identification shows low risk, medium risk and high risk. This research is done by interview, observation and document analysis about the application of Enterprise Risk Management. This study shows that there are 18 risks that arise in the company. With the ERM, the company is more sensitive to the various risks that can occur the company can also provide an assessment of each risk and provide appropriate response and in accordance with the risk rating and can take a policy on decision making appropriate for the sustainability of the company.
Pengaruh Perencanaan Pajak, Struktur Modal, dan Ukuran Perusahaan Terhadap Nilai Perusahaan pada Perusahaan yang Terdaftar Di Bursa Efek Indonesia Astuti, Novi Endri; Moeljadi, Moeljadi; Hernawati, Erna
Syntax Literate Jurnal Ilmiah Indonesia
Publisher : CV. Ridwan Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (358.495 KB) | DOI: 10.36418/syntax-literate.v6i1.4611

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh perencanaan pajak, struktur modal, dan ukuran perusahaan terhadap nilai perusahaan pada perusahaan LQ45. Populasi dalam penelitian ini adalah perusahaan dalam Indeks LQ45 di Bursa Efek Indonesia antara tahun 2017-2019. Data yang digunakan dalam penelitian ini adalah laporan keuangan dan data harga pasar saham yang diperoleh dari BEI. Sampel yang digunakan sebanyak 28 perusahaan yang dipilih melalui metode purposive sampling. Penelitian ini menggunakan metode regresi data panel dan menggunakan Eviews versi 10 untuk pengolahannya. Hasil pengujian menunjukkan bahwa perencanaan pajak dan struktur modal tidak mempengaruhi nilai perusahaan, sedangkan ukuran perusahaan mempunyai pengaruh negative pada nilai perusahaan
PENGARUH HERDING BEHAVIOR DAN OVERCONFIDENCE TERHADAP KEPUTUSAN INVESTASI Prisiliya, Deva Ayu; Moeljadi, Moeljadi
Jurnal Management Risiko dan Keuangan Vol. 1 No. 1 (2022)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (364.992 KB) | DOI: 10.21776/jmrk.2022.01.1.06

Abstract

The Covid-19 pandemic which began at the end of 2019 resulted in increased pu­blic awareness of investment. The increase in public awareness of investing in the capital mar­­ket occurs because people are starting to realize the importance of investing to protect their money. This study aims to analyze the effect of herding behavior and overconfidence on the investment decisions of young East Java investors in the Capital Market. This type of re­search is explanatory research with a quantitative approach. Explanatory research is research that explains the relationship between variables through hypothesis testing. This study has 113 young investors sample in East Java obtained through the distribution of google form questionnaires using the purposive sampling technique. This research uses multiple re­gression analysis methods with the SPSS application. The results of this study indicate that herd­ing behavior and overconfidence variables have a significant effect on the investment de­cisions of young investors in East Java. This research implies that investors must be more ca­reful in making their investment decisions to avoid herding and overconfidence behavior that can harm their investment.
Pengaruh Rasio Pasar, Rasio Solvabilitas, dan Rasio Profitabilitas Terhadap Harga Saham Sebelum dan Selama Pandemi Covid-19 Alhamzah, Anya Sendy Aprista; Moeljadi, Moeljadi
Jurnal Management Risiko dan Keuangan Vol. 2 No. 2 (2023)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jmrk.2023.02.2.02

Abstract

The Covid-19 pandemic has affected the economic growth of various company sectors in Indonesia. The restriction on people’s activity to prevent the spread of the disease has caused the drop of domestic companies’ financial performance and stock price. This research was conducted to identify the companies’ financial performance by analyzing their financial reports using financial ratios. The better their financial performance, the more likely investors invest in them. The objective of this research is to identify the effects of Earnings per Share (EPS), Debt-to-Equity Ratio (DER), Net Profit Margin (NPM), and Return on Assets (ROA) on the stock prices before and during the Covid-19 pandemic. The sample of this quantitative explanatory research is nine pharmaceutical and health research sub-sector companies listed on the Indonesia Stock Exchange. A Multiple linear regression analysis was performed on the secondary data, i.e., the semiannual financial reports published in the investment gallery of the Indonesia Stock Exchange, in IBM SPSS version 29.0. This study finds that EPS before the pandemic has no significant effect, that EPS during the pandemic have positive and significant effect, that DER and NPM before the pandemic has positive and significant effects, that DER and NPM during the pandemic have significant and negative effects, and that ROA has no significant effect both before and during the pandemic. In this research investors saw EPS, DER, and NPM as main components for their investment decision making but did not consider ROA since it did not directly affect dividend or capital gain that they have expected.   Abstrak Pandemi COVID-19 membawa dampak pada pertumbuhan ekonomi berbagai sek­tor perusahaan di Indonesia. Aktivitas masyarakat dibatasi untuk mencegah penyebaran virus COVID-19 menyebabkan turunnya kinerja keuangan serta harga saham perusahaan-perusa­haan dalam negri. Penelitian ini bertujuan untuk mengetahui pengaruh Earning per Share, Debt to Equity Ratio, Net Profit Margin, dan Return on Assets terhadap Harga Saham sebelum dan selama pandemi COVID-19. Jenis penelitian ini adalah penelitian eksplanatori dengan pendekatan kuantitatif. Sampel da­lam penelitian ini adalah 9 perusahaan subsektor Farmasi dan Riset Kesehatan yang terdaf­tar di Bursa Efek Indonesia. Penelitian ini menggunakan data sekunder berupa laporan keu­angan semester perusahaan. Pengujian dalam penelitian ini menggunakan analisisi regresi linier berganda. Hasil yang diperoleh yaitu EPS sebelum pandemi tidak berpengaruh signifikan, EPS selama pandemi berpengaruh signifikan positif, DER dan NPM sebelum pandemi berpengaruh signifikan positif, DER dan NPM selama pan­demi berpengaruh signifikan negatif, ROA sebelum dan selama pandemi tidak berpengaruh signifikan. Pada penelitian ini investor memperhatikan EPS, DER, dan NPM sebagai komponen utama dalam pengambilan keputusan investasi, namun tidak melihat ROA karena ROA tidak berdampak langsung pada Deviden atau Capital Gain yang diharapkan Investor.
Dampak Pertumbuhan Dana Pihak Ketiga, Pertumbuhan Kredit, Risiko Kredit dan Financial Technology terhadap Profitabilitas Bank Konvensional Masa Pandemi Covid-19 Manalu, Novita Yenni Boang; Moeljadi, Moeljadi; Widiastuti, Ni Putu Eka
Jurnal Samudra Ekonomi dan Bisnis Vol 14 No 3 (2023): JSEB
Publisher : Fakultas Ekonomi Universitas Samudra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33059/jseb.v14i3.7057

Abstract

This study was conducted with the aim of analyzing the impact of third party funds (DPK), credit growth and financial technology on the profitability of conventional banking during the Covid-19 pandemic. The population is conventional banking in Indonesia listed on the IDX in 2018-2021. Sample selection used purposive sampling technique. The secondary data source used taken from financial reports of samples for the 2018-2021 period and is analyzed using panel data regression technique. The findings indicated that DPK and credit growth have an insignificant effect on bank profitability, credit risk has a negative impact on bank profitability, while financial technology is proven to have a significant effect on bank profitability. The implication of the results is to provide an overview of the impact of DPK growth, credit growth, credit risk, and financial technology on the profitability of conventional banking during the Covid-19 outbreak.
The Role of Maritime Intelligence Agency in Fostering the Basics of National Maritime Resilience in Indonesia Kusumaningrum , Adi; Moeljadi, Moeljadi; P., Widyanto Pudyo; Wijaya, Windu Wahyu
Indonesian Journal of Social Science Research Vol 5 No 1 (2024): Indonesian Journal of Social Science Research (IJSSR)
Publisher : Future Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.11594/ijssr.05.01.06

Abstract

Excellent relations between the coordinator Ministry for maritime affairs and Investment as users with all stakeholders in the maritime domain as a collector of maritime intelligence data must be established so that users or decision-makers could make the right decisions promptly. Qualitative research is then conducted to find out what hindrances can impede the smooth supply of maritime intelligence data from collector to user and to look into requirements to produce good quality intelligence data for users. The research's data are obtained through library research and then analyzed through the data collection phase, data condensation phase, and data display phase. Finally, it ended by concluding that it is timely for the Indonesian government to create a maritime intelligence agency by grouping intelligence personnel from each maritime stakeholder, which performs maritime intelligence data gathering separately. The next new agency would serve as the only government body to supply maritime intelligence data for users. By doing so, sectoral ego and other hindrances, which often impede unity in serving the country, would be abolished. Additionally, maritime intelligence data sent to users must reflect the truth on the ground from several reliable intelligence sources.
THE EFFECTS OF ENTREPRENEURIAL SKILLS ON COMPETITIVENESS AT SMEs OF TEMPE CHIPS: THE ROLE OF INNOVATION ABILITY Pratama, Aldino Reza; Moeljadi, Moeljadi; Rofiq, Ainur
Jurnal Aplikasi Manajemen Vol. 20 No. 3 (2022)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.jam.2022.020.03.18

Abstract

This study aims to analyze the effect of entrepreneurial skills on competitiveness. This study also analyzes the effect of entrepreneurial skills on innovation ability. This study also analyzes the effect of innovation ability on competitiveness. Finally, this study also analyzes and examines the mediating role of innovation ability on the effect of entrepreneurial skills on competitiveness. The sampling technique in this study used purposive sampling with a sample of 110 SMEs entrepreneurs' tempe chips and data collection using a questionnaire. The data analysis technique used in this study is Partial Least Squares. The study results conclude that entrepreneurial skills positively and significantly affect competitiveness. Entrepreneurial skills have a positive and significant effect on innovation ability. The ability to innovate has a positive and significant impact on competitiveness. Finally, it was found that innovation ability mediates the effect of entrepreneurial skills on competitiveness. Further researchers are advised to add other variables affecting competitiveness, such as entrepreneurial and market orientation.
The Effect of Capital Structure, Business Risk, and Asset Structure on Financial Performance: An Empirical Study of Automotive Companies Listed on the Indonesia Stock Exchange for the 2019–2023 Period Irmayanti, Irmayanti; Supriadi, Yudi Nur; Nurwati, Etty; Purwanto, Sri; Moeljadi, Moeljadi
Dinasti International Journal of Education Management And Social Science Vol. 6 No. 4 (2025): Dinasti International Journal of Education Management and Social Science (April
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijemss.v6i4.4202

Abstract

This study aims to analyze the effect of capital structure (Debt-to-Equity Ratio/DER), business risk (Beta), and asset structure (Current Asset to Total Asset Ratio/CATA) on the financial performance (Return on Assets/ROA) of automotive companies listed on the Indonesia Stock Exchange during the 2019–2023 period. This research employs a quantitative approach utilizing secondary data. The population consists of all automotive companies listed on the Indonesia Stock Exchange from 2019 to 2023, with purposive sampling used to select the sample. The study applies Descriptive Statistical Analysis, Classical Assumption Tests, Multiple Linear Regression Analysis, t-test, F-test, and the Coefficient of Determination (R²). The results show that Beta and CATA have a positive and significant effect on the ROA of automotive companies in Indonesia, while DER does not have a significant effect. Simultaneously, the three independent variables (DER, Beta, and CATA) have a significant effect on ROA, with an Adjusted R² of 86.23%, reflecting the model's ability to explain the variability in financial performance. This study is original as it integrates the analysis of capital structure, business risk, and asset structure to provide a comprehensive assessment of financial performance in the automotive sector, while also updating the analysis period through 2023.
STRATEGY TO IMPROVE THE QUALITY OF PERFORMANCE OF MAINTENANCE SECTION EMPLOYEES AT PT. ADICIPTA BOGA INTIPRIMA TANGERANG Raharjo, Teguh; Ramadhan, Muhammad Zaid; Mardiana, Nana; Suherna, Endang; Moeljadi, Moeljadi
Jurnal Comparative: Ekonomi dan Bisnis Vol 7, No 1 (2025): February
Publisher : Univesitas Muhammadiyah Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31000/combis.v7i1.13241

Abstract

This research focuses on strategies for improving the quality of performance of maintenance employees at PT. Adicipta Boga Intiprima. The maintenance department has an important role in maintaining the company's smooth operations, however the performance of employees in this section has decreased in recent years. Problems such as lack of motivation, limited technical skills, and ineffective communication between management and employees were identified as factors causing the decline in performance. This research uses a qualitative approach with a case study method to understand in depth the factors that influence the performance of maintenance employees as well as strategies that can be implemented to improve the quality of performance. Data was collected through in-depth interviews, participatory observation and documentation, with research subjects consisting of maintenance employees and managers at PT. Adicipta Boga Intiprima. The results of this research indicate that factors such as effective leadership, supportive organizational culture, and continuous training are important elements in improving employee performance. Apart from that, a performance-based incentive system and improved internal communication between management and employees also play a significant role in motivating employees to work better. Based on these findings, several performance improvement strategies were prepared that could be implemented at PT. Adicipta Boga Intiprima to achieve more optimal performance and operational efficiency.