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All Journal Journal of Applied Finance & Accounting Jurnal Manajemen Atma Jaya Binus Business Review Business Economic, Communication, and Social Sciences Journal (BECOSS) Jurnal Manajemen
Rahmat Siauwijaya, Rahmat
Bina Nusantara University
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Industrial & Manufacturing Engineering Social Sciences

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ANALISIS EFISIENSI TEKNIS PERBANKAN DI INDONESIA Dewi, Kartika; Siauwijaya, Rahmat
Jurnal Manajemen Vol 13, No 2 (2016): Jurnal Manajemen
Publisher : Jurnal Manajemen

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (389.225 KB)

Abstract

This research investigates the technical eficiency of the banks listed in Jakarta Stock Exchange in Indonesia from year 2009 to 2012. This research also compares the levels of technical efficiency between Bank Umum Milik Negara (BUMN), Bank Umum Swasta Nasional (BUSN) Devisa and Bank Umum Swasta Nasional (BUSN) Non Devisa by using non-parametric Data Envelopment Analysis (DEA). DEA was calculated using input orientation and variable return to scale. ANOVA is also applied to compare efficiency between banks. The sample was selected using purposive sampling of 33 banks listed in Jakarta Stock Exchange for period 2009-2012. The result of this study shows that BUMN is the most efficient banks compared to the BUSN Devisa and BUSN Non Devisa. Furthemore, BUSN devisa is the least efficient bank. Finally, this research found that there is a significant difference of the technical efficiency between the groups of banks.Keywords: Eficiency Technique, Banking, Data Envelopment Analysis
The Evaluation of Bank Efficiency in Post Merger Stage in Banking Industry Siauwijaya, Rahmat
Binus Business Review Vol 8, No 2 (2017): Binus Business Review
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/bbr.v8i2.1452

Abstract

This research evaluated the technical efficiency of the banks before and after the merger. This research observed 15 banks which involve in merger activities. This research used the Data Envelopment Analysis (DEA) method with variables of returns to scale (VRS) and input orientation. Analysis of variance (ANOVA) was also applied to test the difference between the technical efficiency in pre- and post-merger activities. This research finds that only six banks are efficient after the merger. Furthermore, four banks have a better technical efficiency than before, andfive banks have lower technical efficiency after the merger.
ANALISIS EFISIENSI TEKNIS PERBANKAN DI INDONESIA Dewi, Kartika; Siauwijaya, Rahmat
Jurnal Manajemen Vol 13 No 2 (2016): Jurnal Manajemen
Publisher : Fakultas Ekonomi dan Bisnis Universitas Katolik Indonesia Atma Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (389.225 KB)

Abstract

This research investigates the technical eficiency of the banks listed in Jakarta Stock Exchange inIndonesia from year 2009 to 2012. This research also compares the levels of technical efficiency betweenBank Umum Milik Negara (BUMN), Bank Umum Swasta Nasional (BUSN) Devisa and Bank UmumSwasta Nasional (BUSN) Non Devisa by using non-parametric Data Envelopment Analysis (DEA).DEA was calculated using input orientation and variable return to scale. ANOVA is also applied tocompare efficiency between banks. The sample was selected using purposive sampling of 33 banks listed inJakarta Stock Exchange for period 2009-2012. The result of this study shows that BUMN is the mostefficient banks compared to the BUSN Devisa and BUSN Non Devisa. Furthemore, BUSN devisa is theleast efficient bank. Finally, this research found that there is a significant difference of the technicalefficiency between the groups of banks.
ANALISIS EFISIENSI TEKNIS PERBANKAN DI INDONESIA Kartika Dewi; Rahmat Siauwijaya
Jurnal Manajemen Vol 13 No 2 (2016): Jurnal Manajemen
Publisher : Fakultas Ekonomi dan Bisnis Universitas Katolik Indonesia Atma Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (389.225 KB) | DOI: 10.25170/jm.v13i2.801

Abstract

This research investigates the technical eficiency of the banks listed in Jakarta Stock Exchange inIndonesia from year 2009 to 2012. This research also compares the levels of technical efficiency betweenBank Umum Milik Negara (BUMN), Bank Umum Swasta Nasional (BUSN) Devisa and Bank UmumSwasta Nasional (BUSN) Non Devisa by using non-parametric Data Envelopment Analysis (DEA).DEA was calculated using input orientation and variable return to scale. ANOVA is also applied tocompare efficiency between banks. The sample was selected using purposive sampling of 33 banks listed inJakarta Stock Exchange for period 2009-2012. The result of this study shows that BUMN is the mostefficient banks compared to the BUSN Devisa and BUSN Non Devisa. Furthemore, BUSN devisa is theleast efficient bank. Finally, this research found that there is a significant difference of the technicalefficiency between the groups of banks.
The Evaluation of Bank Efficiency in Post Merger Stage in Banking Industry Rahmat Siauwijaya
Binus Business Review Vol. 8 No. 2 (2017): Binus Business Review
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/bbr.v8i2.1452

Abstract

This research evaluated the technical efficiency of the banks before and after the merger. This research observed 15 banks which involve in merger activities. This research used the Data Envelopment Analysis (DEA) method with variables of returns to scale (VRS) and input orientation. Analysis of variance (ANOVA) was also applied to test the difference between the technical efficiency in pre- and post-merger activities. This research finds that only six banks are efficient after the merger. Furthermore, four banks have a better technical efficiency than before, andfive banks have lower technical efficiency after the merger.
ANALISIS EFISIENSI TEKNIS PERBANKAN DI INDONESIA Kartika Dewi; Rahmat Siauwijaya
Jurnal Manajemen Vol 13 No 2 (2016): Jurnal Manajemen
Publisher : Fakultas Ekonomi dan Bisnis Universitas Katolik Indonesia Atma Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (389.225 KB) | DOI: 10.25170/jm.v13i2.801

Abstract

This research investigates the technical eficiency of the banks listed in Jakarta Stock Exchange inIndonesia from year 2009 to 2012. This research also compares the levels of technical efficiency betweenBank Umum Milik Negara (BUMN), Bank Umum Swasta Nasional (BUSN) Devisa and Bank UmumSwasta Nasional (BUSN) Non Devisa by using non-parametric Data Envelopment Analysis (DEA).DEA was calculated using input orientation and variable return to scale. ANOVA is also applied tocompare efficiency between banks. The sample was selected using purposive sampling of 33 banks listed inJakarta Stock Exchange for period 2009-2012. The result of this study shows that BUMN is the mostefficient banks compared to the BUSN Devisa and BUSN Non Devisa. Furthemore, BUSN devisa is theleast efficient bank. Finally, this research found that there is a significant difference of the technicalefficiency between the groups of banks.
The Impact of Financial Ratios on the Dividend Payout Ratio in Coal Mining Companies Aldo Sebastian; Rahmat Siauwijaya
Business Economic, Communication, and Social Sciences (BECOSS) Journal Vol. 3 No. 2 (2021): BECOSS
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/becossjournal.v3i2.7246

Abstract

The purpose of this study is to determine the impacts of current ratio, debt to equity ratio, return on asset, total asset turnover ratio, and working capital turnover ratio on the dividend payout ratio in coal mining companies listed in Indonesia Stock Exchange 2016-2018. The sample used in this study was determined based on a purposive sampling method. The type of data used in this study is secondary data and the technique used to analyze the data in this study is panel data regression analysis. The results show that the debt to equity ratio has a negative and significant effect on the dividend payout ratio. While, current ratio, return on asset, total asset turnover ratio, and working capital turnover ratio have no significant effect on the dividend payout ratio.
Selection of Inventory Valuation Method Using FIFO and Weighted Averaged Aulia Azahra; Rahmat Siauwijaya
Business Economic, Communication, and Social Sciences (BECOSS) Journal Vol. 4 No. 1 (2022): BECOSS
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/becossjournal.v4i1.7773

Abstract

The research aims to analyze the factors that influence the selection of inventory valuation methods. This study employs case questions and SPSS version 24 to answer the research questions. Seventy-three manufacturing firms listed in the Indonesian stock exchange from 2010-2019 were selected with the purposive sampling method and analyzed with binary logistic regression. The results reveal that the selection of inventory valuation method affected taxes, net income, and ending inventory. Moreover, it is found that Inventory turnover and gross profit margin significantly affect inventory valuation selection methods. In contrast, current ratio and financial leverage do not significantly affect inventory valuation selection methods.
Bitcoin, Gold, the Indonesian Stock Market, and Exchange Rate: GARCH Volatility Analysis Rahmat Siauwijaya; Dewi Sanjung
Business Economic, Communication, and Social Sciences Journal (BECOSS) Vol. 4 No. 3 (2022): BECOSS
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/becossjournal.v4i3.8671

Abstract

Bitcoin has gained popularity as an investment asset because of its similarity to gold, which sparked the idea that bitcoin can be used as a hedging instrument to the fiat currency exchange rate. This paper aims to analyze bitcoin's volatility and return to gauge its feasibility as an investment asset, and hedging tool for the USD-IDR exchange rate with the GARCH and EGARCH models. With data on the daily closing price of bitcoin, gold, IDX composite index, and USD-IDR exchange rate from January 1, 2016, to December 31, 2020, the study attempts to find factors affecting bitcoin returns with the independent variables of bitcoin’s price, gold, and USD-IDR exchange rate by estimating their correlation. Following the analysis, this study shows that the volatility of USD-IDR exchange rates negatively influences bitcoin returns, making it a relatively safe investment asset. Additionally, the study found that bitcoin returns are not affected by the variables of gold price and the IDX composite index. However, we found that the USD-IDR exchange rate significantly affects bitcoin returns, while gold price and bitcoin’s price does not significantly affect bitcoin returns. Further, the analysis found that bitcoin is unsuitable for hedging due to its sensitivity to asymmetric shocks.
ANALYSIS OF INFLUENCE OF FINANCIAL FACTORS ON CASH HOLDINGS OF NON-FINANCIAL COMPANIES Siauwijaya, Rahmat; Putri, Shinta
Journal of Applied Finance and Accounting Vol. 11 No. 1 (2024): Publish on June 2024
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/jafa.v11i1.9935

Abstract

This study investigates the influence of several factors on company cash holdings, including market to book ratio, net working capital, liquidity, company size, and cash flow. It utilizes a balanced panel dataset consisting of 80 non-financial companies in the property and real estate sector listed on the Indonesia Stock Exchange during the period of 2010-2021. The research sample was selected based on specific criteria, resulting in a total of 33 companies. The findings indicate that the market to book ratio variable has a significant differential impact on cash holdings between companies with high and low levels of cash holdings. Additionally, net working capital and company size also exhibit significant effects on cash holdings, while liquidity does not have a significant influence on companies with high cash holdings. These findings provide valuable insights for corporate management and financial regulators in managing company cash and making financial decisions. The practical implication underscores the importance of effective cash management and transparency in financial practices for sustainable business growth.
Co-Authors Aldo Sebastian Aulia Azahra Dewi Sanjung Kartika Dewi Kartika Dewi Putri, Shinta