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Determinan Share Repurchase Pada Perusahaan Non Keuangan Yang Terdaftar Di Bursa Efek Indonesia Lailiyah, Elliv Hidayatul; Soeharto, Sri Maemunah
Arthavidya Jurnal Ilmiah Ekonomi Vol 21, No 1 (2019)
Publisher : Arthavidya Jurnal Ilmiah Ekonomi

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (297.835 KB)

Abstract

This study examined the determinants of share repurchase. The sample determined by purposive sampling method with certain criteria, non-financial companies listed on the Indonesia Stock Exchange in 2009-2017 and conducted share repurchase between 2010 and 2017 periode. Multiple linear regression used for data analysis. This study found that free cash flow had a positive impact on share repurchase. Dividend had a positive impact and share repurchase was a complement of dividend. Misprice had a positive impact because in Indonesia, share repurchase  also carried out by companies with overvalued shares. Companies with leverage below the target tend to share repurchase. Size had a positive impact and managerial ownership had no impact on share repurchase. Key word: determinant; share repurchase
Motif perusahaan dalam stock repurchase Lailiyah, Elliv Hidayatul; Soeharto, Sri Maemunah
FORUM EKONOMI Vol 21, No 2 (2019)
Publisher : Faculty of Economics and Business Mulawarman University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (338.942 KB) | DOI: 10.29264/jfor.v21i2.4846

Abstract

Penelitian ini mengenai motif stock repurchase terutama motif distribusi kas, investasi dan struktur modal (meningkatkan rasio leverage). Sampel ditentukan dengan metode purposive sampling dengan kriteria tertentu, yaitu perusahaan non-keuangan yang terdaftar di Bursa Efek Indonesia pada 2012-2017 dan melakukan pembelian kembali saham antara periode 2013 hingga 2017. Regresi linier berganda digunakan untuk analisis data. Penelitian ini menemukan bahwa motif untuk distribusi kas adalah motif utama perusahaan dalam melakukan stock repurchase karena hal ini sesuai dengan tujuan perusahaan yaitu memaksimalkan kekayaan pemegang saham. Stock repurchase dilakukan untuk motif investasi karena perusahaan memiliki kelebihan kas dan tidak memiliki peluang investasi menguntungkan lainnya. Studi ini tidak mendukung motif signaling undervaluation, karena di Indonesia tidak hanya perusahaan undervalue yang melakukan stock repurchase tetapi perusahaan yang overvalue juga melakukan. Penelitian ini membuktikan bahwa motif untuk meningkatkan rasio leverage juga merupakan salah satu alasan perusahaan melakukan stock repurchase. Perusahaan dengan rasio leverage di bawah target cenderung untuk membeli kembali saham mereka.
Determinan Share Repurchase Pada Perusahaan Non Keuangan Yang Terdaftar Di Bursa Efek Indonesia Lailiyah, Elliv Hidayatul; Soeharto, Sri Maemunah
Arthavidya Jurnal Ilmiah Ekonomi Vol 21 No 1 (2019)
Publisher : Fakultas Ekonomi Universitas Wisnuwardhana

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (297.835 KB) | DOI: 10.37303/a.v21i1.116

Abstract

This study examined the determinants of share repurchase. The sample determined by purposive sampling method with certain criteria, non-financial companies listed on the Indonesia Stock Exchange in 2009-2017 and conducted share repurchase between 2010 and 2017 periode. Multiple linear regression used for data analysis. This study found that free cash flow had a positive impact on share repurchase. Dividend had a positive impact and share repurchase was a complement of dividend. Misprice had a positive impact because in Indonesia, share repurchase  also carried out by companies with overvalued shares. Companies with leverage below the target tend to share repurchase. Size had a positive impact and managerial ownership had no impact on share repurchase. Key word: determinant; share repurchase
Misprice, Leverage and Stock Buyback: Evidence in Indonesia Lailiyah, Elliv Hidayatul; Purwanti, Ika; Sulton, Muhammad
Jurnal Ekonomi Bisnis dan Kewirausahaan Vol 9, No 2 (2020): Jurnal Ekonomi Bisnis dan Kewirausahaan (JEBIK)
Publisher : Fakultas Ekonomi dan Bisnis, UNTAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26418/jebik.v9i2.41547

Abstract

Cash distribution by stock buyback is one ways to increase stockholder wealth. This study is to analyze the effect of misprice (misvaluation) and leverage on stock buyback. Limited prior study discussed about stock buyback and misprice especially in Indonesia, theoritically, in Indonesia not only firm with undervalue stock do stock buyback but also firm with overvalue stock. Stock buyback can increase the stock prices, but the implementation in Indonesia is still small. Non-financial firms listed on the Indonesia Stock Exchange from 2010 to 2017 used in this study. Samples were taken by a purposive sampling method based on certain criteria. The data analysis techniques use multiple linear regression statistical analysis. The results showed that misprice has a positive effect on buyback. The different thing found in Indonesia because overvalued firms hold stock buyback. Leverage has a negative effect on stock buyback. Firms with leverage below the target tend to do a stock buyback. In addition, the stock buyback also used to correct prices (for undervalued stock to be fair). The implication in this study is stock buyback not only viewing to correct prices but also giving a signal to the market that the firm is in a good fundamental condition.
Edukasi Perilaku Hidup Bersih dan Sehat (PHBS) dalam Pencegahan Covid-19 di Desa Plosowahyu Kabupaten Lamongan Lailiyah, Elliv Hidayatullah; Hakim, Dinasti Aulia; Alifah, Alifah
Community Empowerment Vol 6 No 2 (2021): Forthcoming Issue
Publisher : Universitas Muhammadiyah Magelang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (394.121 KB) | DOI: 10.31603/ce.4403

Abstract

Pengabdian kepada masyarakat ini dilatarbelakangi adanya pandemi Covid-19 dan terjadi peningkatan angka positif Covid-19 di Kabupaten Lamongan. Menghadapi peningkatan angka positif Covid-19 khususnya di Desa Plosowahyu Kabupaten Lamongan, dilakukan pendidikan perilaku hidup bersih dan sehat (PHBS) pada kelompok anak-anak dan masyarakat desa. Kegiatan pengabdian kepada masyarakat ini bertujuan untuk edukasi perilaku hidup bersih dan sehat dalam rangka meningkatkan pemahaman beserta kesadaran pentingnya perilaku hidup bersih dan sehat dengan harapan dapat menurunkan angka positif Covid-19, meminimalisir serta memutus rantai penularan Covid-19. Metode pelaksanaan yang diterapkan adalah dengan melakukan penyuluhan sebagai bentuk pendidikan masyarakat dan dilanjutkan dengan tindakan partisipatif yang melibatkan kelompok masyarakat yaitu kelompok anak-anak serta masyarakat Desa Plosowahyu. Hasil dari kegiatan pengabdian kepada masyarakat ini adalah adanya peningkatan pemahaman dan kesadaran pentingnya perilaku hidup bersih dan sehat terutama untuk menghadapi pandemi Covid-19 di Desa Plosowahyu, Kecamatan Lamongan, Kabupaten Lamongan.
BRAND IMAGE, PROMOSI, DAN KEPUTUSAN PENDENGAR (Studi pada PT. Radio Praja Media Swara (Prameswara) FM 103,9 MHZ Lamongan) Kholis, M Nur; Lailiyah, Elliv Hidayatullah; Sawabi, Sawabi
Economos : Jurnal Ekonomi dan Bisnis Vol 4, No 2 (2021): ECONOMOS : Jurnal Ekonomi dan Bisnis
Publisher : Universitas Muhammadiyah Parepare

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31850/economos.v4i2.835

Abstract

Radio is one of the mass media that can be used to disseminate various kinds of information as well as for entertainment. Currently, many radio stations have been established so that each radio station is competing to disseminate a variety of interesting and worthy information to be sold to the public. One way to achieve a sustainable competitive advantage is to establish a good brand image. Equally important for the world of broadcasting is the promotion that broadcasters can do to stay afloat. A strong brand image and promotion that is widely recognized by consumers is a long-term investment for the company. This study aims to determine the effect of brand image and promotion on listener decisions at Radio Prameswara FM 103.9 MHZ Lamongan. This study uses a survey method with data collection using questionnaires and interviews. The data analysis technique used multiple linear regression. The results showed that brand image had a positive effect on listeners' decisions. If the brand image is implemented better, it will improve listeners' decisions in choosing radio broadcasting institutions. The promotion has a positive effect on the listener's decision. The existence of good product promotion will influence listeners' thinking and convince listeners in choosing the products offered by radio broadcasters.  
Market Concentration and Risk-Taking in Banking Sector Listed on Indonesian Stock Exchange Lailiyah, Elliv Hidayatul; Purwanti, Ika; Suyanto, Umar Yeni
INTERNATIONAL RESEARCH JOURNAL OF BUSINESS STUDIES Vol 13, No 3 (2020): December 2020 - March 2021
Publisher : Universitas Prasetiya Mulya

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Abstract

The financial institution roles as the bank credit distribution. According to the banking surveys in Indonesia, it indicates that new credit growth has been strengthened. The increasing of credit leds to increase the level of risk taking by banks that its concentration of banking in a country plays in influencing banking risk taking. This study examined the effect of banking market concentration on bank risk taking. It also explored the moderating variable of bank size on the effect of market concentration on risk taking in the banking sector. The results of the study showed that the banking market concentration has the positive effect on banking risk taking. The size of the bank weakens the positive effect of market concentration on bank risk taking. The larger the size of the bank in a concentrated banking market, the lower the risk taking of the bank. The concentrated banking market requires to distribute the market share in banks to be carried out by banking regulators so that the banking market is not concentrated and reduces banking risk taking.Keywords: Market concentration, Risk-Taking, Bank Size* Department of Management, Institut Teknologi dan Bisnis Ahmad Dahlan Lamongan, Jalan KH. Ahmad Dahlan No.41, Lamongan, Jawa Timur, 62115 https://doi.org/10.21632/irjbs.13.3.285-292
Agency Cost dan Kebijakan Dividen (Studi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia) Elliv Hidayatul Lailiyah; Muhammad Dzikri Abadi
JURNAL AKUNTANSI DAN BISNIS : Jurnal Program Studi Akuntansi Vol 7, No 1 (2021): Mei 2021
Publisher : Universitas Medan Area

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31289/jab.v7i1.4302

Abstract

Manufacturing companies in Indonesia are large-scale companies and dominate the Indonesia Stock Exchange. The number of companies listed on the stock exchange is increase every year, which results in more people having the opportunity to own a company. The spread of more investors who own the company makes conflict between owners even higher. The purpose of this study is to determine the effect of agency cost proxied by insider ownership, dispersion of ownership, free cash flow, and collateralizable assets on dividend policies of manufacturing companies in Indonesia. Data in the form of secondary data in the form of financial reports and annual reports for the period 2012-2019. The data used multiple linear regression statistical analysis techniques. The results of this study show that agency cost, which is proxied by dispersion ownership, free cash flow and collateralizable assets, has a positive effect on dividend policy. A  firm in its operational activities, carries out agency relationships. Agency problems arise when an agent acts not in accordance with the principal's interests, which causes a conflict of interest between the principal and agent. Agency problems will increase agency cost. The agency problem can be reduced by the dividend payment mechanism, namely by increasing the proportion of dividend payments from company profits for stockholders. In contrast to insider ownership which does not affect dividend decisions because the percentage of company ownership owned by insiders is limited in Indonesia.
ANALISIS PERBANDINGAN KINERJA REKSADANA SYARIAH DAN REKSADANA KONVENSIONAL (Studi pada Reksadana yang Terdaftar di Otoritas Jasa Keuangan Periode 2012-2016) Elliv Hidayatul Lailiyah; . Suhadak; Sri Sulasmiyati
Jurnal Administrasi Bisnis Vol 35, No 2 (2016): JUNI
Publisher : Fakultas Ilmu Administrasi Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (581.188 KB)

Abstract

The purpose of this research are to know, describe and analyze the performance of comparison between Sharia and Conventional Mutual Funds based on Sharpe, Treynor, Jensen and growth of AUM (Asset Under Management) methods. The type of this research is descriptive research with the quantitative approach. This study uses NAV (Net Asset Value) data from November 2012 to January 2016 with 20 samples of Sharia and Conventional Mutual Funds.The result of data analysis show that Conventional Mutual Funds has better performance than Sharia Mutual Funds by using Sharpe, Treynor and growth of AUM methods. Meanwhile, by using Jensen method, Sharia Mutual Funds has better performance than Conventional Mutual Funds. Keywords : performance, Sharia Mutual Funds, Conventional Mutual Funds, comparison ABSTRAK Tujuan dalam penelitian ini adalah untuk mengetahui, mendeskripsikan dan menganalisis perbandingan kinerja Reksadana Syariah dan Konvensional berdasarkan metode Sharpe ,Treynor, Jensen, dan pertumbuhan AUM (Asset Under Management). Jenis penelitian yang digunakan dalam penelitian ini adalah jenis penelitian deskriptif dengan pendekatan kuantitatif. Penelitian ini menggunakan data NAB (Nilai Aktiva Bersih) dari bulan November 2012 hingga Januari 2016 dengan jumlah sampel sebanyak 20 reksadana yang terdiri dari Reksadana Syariah dan Konvensional. Hasil analisis data menunjukkan bahwa Reksadana Konvensional memiliki kinerja yang lebih baik dibandingkan dengan Reksadana Syariah jika menggunakan perhitungan dengan metode Sharpe, Treynor dan pertumbuhan AUM. Sedangkan jika menggunakan metode Jensen, Reksadana Syariah memiliki kinerja yang lebih baik dibandingkan dengan Reksadana Konvensional. Kata kunci : kinerja, Reksadana Syariah, Reksadana Konvensional, perbandingan
KOMPENSASI, DISIPLIN KERJA DAN KOMITMEN KARYAWAN (Studi Pada PT Cahaya Indah Madya Pratama Lamongan) BAYU AJI SANTOSO; ELLIV HIDAYATUL LAILIYAH; SAWABI SAWABI
Makro : Jurnal Manajemen Dan Kewirausahaan Vol 5, No 2 (2020): MAKRO Jurnal Manajemen Dan Kewirausahaan
Publisher : Universitas Madura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53712/jmm.v5i2.867

Abstract

The success of a company can be determined by the human resources that are in it. The concept of commitment is an important aspect of the philosophy of human resource management. Lack of understanding of commitment makes the State of Indonesia has a low Commitment Index Value. Index of employee commitment in Indonesia according to Watson Wyatt's calculation, is only 57% lower by 7 points compared to Asia Pacific. This means that the level of employee loyalty in Indonesia is low in the Asia Pacific region. This study aims to determine the effect of compensation and work discipline on employee commitment. This research was conducted at PT. Cahaya Indah Madya Pratama. The study population was employees at PT Cahaya Indah Madya Pratama Lamongan, with a sample of 60 employees as respondents. This research is quantitative by using primary data sources in the form of answers from questionnaires obtained by total sampling technique. Data analysis tools used in this study are multiple linear regression test with the help of a SPSS computer program. Based on the results of data analysis, it can be concluded that compensation has a positive effect on employee commitment. Work discipline has a positive effect on employee commitment.