Rengga Madya Pranata
Program Studi Manajemen, Fakultas Ekonomi dan Bisnis, UBP Karawang

Published : 2 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 2 Documents
Search

PENGARUH SOLVABILITAS, PROFITABILITAS, DAN KEPEMILIKAN MANAJERIAL TERHADAP RETURN SAHAM Wildan Army Abdillah; Muhammad Iqbal Nurfauzan; Rengga Madya Pranata
DINAMIKA: Jurnal Manajemen Akuntansi, Bisnis dan Kewirausahaan Vol. 7 No. 2 (2021): Jurnal Dinamika
Publisher : FEB Institut Bakti Nusantara

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

Abstract

This study aims to examine and analyze the effect of Solvency, Profitability, and managerial ownership on Stock Returns in non-BUMN basic and chemical industrial companies listed on the Indonesia Stock Exchange during the 2010-2019 period. The population in this study are basic and chemical industrial companies listed on the Indonesia Stock Exchange. A sample of 41 companies was taken using purposive sampling technique. Multiple regression analysis was used to test the hypothesis with the help of Eviews software version 9. The results showed that profitability partially had a positive and significant effect. Meanwhile, solvency and managerial ownership have no effect on stock returns of non-BUMN basic and chemical industrial companies listed on the Indonesia Stock Exchange. These results do not support the signaling theory where the disclosure of financial statements is able to provide a good signal to investors and potential investors. And the results of this study have not been able to support agency theory as a link between managerial ownership and stock returns.
ANALISIS FORWARD CONTRACT HEDGING, MONEY MARKET HEDGING DAN OPEN POSITION DALAM MENGHADAPI EKSPOSUR VALUTA ASING DI MASA COVID-19 Syarif Alamsyah; Rengga Madya Pranata; Wildan Army Abdillah
DINAMIKA: Jurnal Manajemen Akuntansi, Bisnis dan Kewirausahaan Vol. 7 No. 2 (2021): Jurnal Dinamika
Publisher : FEB Institut Bakti Nusantara

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

Abstract

Multinational companies around the world will always be faced with risks due to international transactions. One of the risks that will be faced by multinational companies is transaction exposure that arises due to currency fluctuations which can affect the company's cash flows in the future and is influenced by the presence of the COVID-19 virus pandemic resulting in economic disruption, especially in Indonesia, one aspect that is significantly disrupted namely, the Indonesian currency exchange rate. This study aims to compare the forward contract hedging method, money market hedging with the open position method conducted by PT. Unilever Indonesia, Tbk in an effort to reduce the risk of transaction exposure during the pandemic. The main object of this research is derivative transactions contained in the company's financial statements. This research is a descriptive research with a qualitative approach. Sources of data used are secondary data obtained from the annual financial statements of PT. Unilever Indonesia, Tbk in 2019 Quarter IV – 2020 Quarter III.