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PENDEKATAN MODEL PENILAIAN DALAM PENGAMBILAN KEPUTUSAN INVESTASI SAHAM DI BURSA EFEK INDONESIA Sri Isworo Ediningsih; Aryono Yacobus
Jurnal Keuangan dan Perbankan Vol 16, No 3 (2012): September 2012
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (86.744 KB) | DOI: 10.26905/jkdp.v16i3.1077

Abstract

A valuation model was a mechanism that converted a set of forecast, a series of company and economic variablesinto a forecast of market value for the companys stock. The purpose of this study was to examine relevance amongdividend yield, retained earnings, book value and total debt on stock price: approximation valuation model in theIndonesia Stock Exchange. Samples in this study were manufacture firms listed on the Indonesia Stock Exchangeperiod 20082011 and divided dividend. The results showed that few of samples were undervalue and the otherswere overvalue. It meant valuation model could be applicated in the Indonesian stock exchange. By using multipleregressions, this study found that: valuation model relevans used in investment decission in manufacturefirms in the Indonesia Stock Exchange could prove simultaneously dividend yield, retained earnings, book valueand total debt had significant effect to stock price and partially dividend yield had no significant effect to stockprice and whereas retained earnings, book value and total debt had significant effect in partial to stock price.
Determinants Of Capital Market Investment Interest In The Millenial Generation In The Covid-19 Pandemic Biggita Berliana; Sri Dwi Ari Ambarwati; Aryono Yacobus
International Journal of Economics, Business and Accounting Research (IJEBAR) Vol 6, No 2 (2022): IJEBAR, VOL. 06 ISSUE 02, JUNE 2022
Publisher : LPPM ITB AAS INDONESIA (d.h STIE AAS Surakarta)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/ijebar.v6i2.5525

Abstract

The increase in investment interest during the COVID-19 pandemic is influenced by various factors. This study aims to show the factors that can influence investment interest in the capital market in the millennial generation during the covid-19 pandemic. The data analysis technique used is multiple linear regression with SPSS application. The results showed: motivation, technological progress, investment returns, investment risk, and social media had a significant positive effect and financial literacy and minimum investment capital had a significant negative effect on investment interest. Application/Originality/Value: This study examines more independent variables than previous studies and this study finds that financial literacy actually has the opposite effect on investment interest during the COVID-19 pandemic. This is in line with the existing phenomenon that the high interest in investing in the millennial generation during the COVID-19 pandemic is not matched by a high level of financial literacy. Keywords: Motivation, Technological Advancement, Financial Literacy, Minimum Investment Capital, Investment Return, Investment Risk, Social Media, Investment Interest, Millennial Generation.
Determinants of Dividend Policy on Development Board Index: Manufacturing Sector in Indonesia Stock Exchange (IDX) Resti Aulia Safitri; Sri Dwi Ari Ambarwati; Aryono Yacobus
Management Research Studies Journal Vol. 4 No. 1 (2023): Management Research Studies Journal
Publisher : Perbanas Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56174/mrsj.v4i1.511

Abstract

This study aims to investigate the determinant factors that affect dividend policy in Development Board Index  (DBX), with the manufacturing sector listed in Indonesia stock exchange (IDX) and the period 2018-2021. There are independent variables such as ROA, debt, sales growth and firm age and dividend policy as dependent variables. The study population are manufacturing companies which are listed on the development board index. This study examines 8 companies with a total of 32 data samples. The panel data regression with random effect model was used to analyze data. The results of this study are ROA, and sales growth has an impact on dividend policy. ROA has a positive impact, and sales growth has a negative impact on dividend policy. Meanwhile, debt and age have no significant impact on the dividend policy.   Keywords: Development Board Index, Dividend Policy, Profitability, Debt, Sales Growth        
PENINGKATAN SHU SEBAGAI DAMPAK MODAL PINJAMAN DAN JUMLAH ANGGOTA KOPERASI Yacobus, Aryono
Jurnal Ilmu Keuangan dan Perbankan (JIKA) Vol. 8 No. 2: Juni 2019
Publisher : Program Studi Keuangan & Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (310.76 KB) | DOI: 10.34010/jika.v8i2.1935

Abstract

Cooperative of Government Employee of Bandung during some periods have decreased the added value of cooperative and members where as the loan capital have increase .This research aims to analyze the influence of loan capital and members towards the added value of cooperative. The method used in this research is descriptive verificati method, the sample used in this research is financial report in the last five years. The results of the research showed that the loan capital and members partially has significant influence to added value of cooperative. The loan capital and members simultaneously has significant influence to added value of cooperative. Keywords: Loan Capital, Members, and Added Value of Cooperative Koperasi “UPN” Veteran Yogyakarta dalam beberapa periode tertentu terjadi penurunan sisa hasil usaha (SHU) dan jumlah anggota sedangkan modal pinjaman mengalami kenaikan. Penelitian ini bertujuan untuk menganalisis pengaruh modal pinjaman dan jumlah anggota terhadap sisa hasil usaha (SHU). Metode yang digunakan dalam penelitian ini adalah metode deskriptif verifikatif, sampel yang digunakan dalam penelitian ini adalah 5 tahun terakhir data laporan keuangan. Hasil penelitian menunjukkan bahwa modal pinjaman dan jumlah anggota secara parsial berpengaruh signifikan terhadap sisa hasil usaha (SHU). Modal pinjaman dan jumlah anggota secara simultan berpengaruh signifikan terhadap sisa hasil usaha (SHU). Kata Kunci: Pinjaman Modal, Anggota, Nilai Tambah Koperasi
PENGARUH KONDISI FINANCIAL DISTRESS TERHADAP RASIO AKTIVITAS DI PERUSAHAAN MANUFAKTUR YANG TERCATAT DI BURSA EFEK INDONESIA PERIODE 2019-2020 Putra, Hasa Nurrohim Kurniawan; Yacobus, Aryono
Jurnal Ilmu Keuangan dan Perbankan (JIKA) Vol. 11 No. 2: Juni 2022
Publisher : Program Studi Keuangan & Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34010/jika.v11i2.6696

Abstract

This study aims to re-examine the Profitability Ratio, Liquidity Ratio, Profitability Ratio, Financial Leverage Ratio, Cash Position Ratio, Growth Ratio, Operating Activity Ratio. Second, to determine the effect of financial distress on the activities of companies in the manufacturing industry sector on the Indonesia Stock Exchange for the 2019-2020 period. Is there an effect of financial ratios on activities for companies experiencing financial distress for the 2019-2020 period. The analytical tool used is logistic regression statistical analysis, while to determine whether the company is experiencing financial distress or not, it uses Altman's Z Score analysis. After testing, it was found that the cash position ratio and activity ratio had a significant effect on companies experiencing financial distress. Keywords: Financial Ratios, Financial Distress, Logistics Regression Statistics. Penelitian ini bertujuan untuk menguji kembali Rasio Profitabilitas, Rasio Likuiditas, Rasio Profitabilitas, Rasio Financial Leverage, Rasio Posisi Kas, Rasio Pertumbuhan, Rasio Aktivitas Operasi. Kedua, untuk mengetahui pengaruh financial distress terhadap aktivitas perusahaan pada sektor industri manufaktur di Bursa Efek Indonesia periode 2019-2020. Apakah ada pengaruh rasio keuangan terhadap aktivitas bagi perusahaan yang mengalami financial distress periode 2019-2020. Alat analisis yang digunakan adalah analisis statistik regresi logistik, sedangkan untuk mengetahui apakah perusahaan mengalami financial distress atau tidak digunakan analisis Altman's Z Score. Setelah dilakukan pengujian diketahui bahwa cash position ratio dan activity ratio berpengaruh signifikan terhadap perusahaan yang mengalami financial distress. Keywords : Rasio Keuangan, Kesulitan Keuangan, Statistik Regresi Logistik.
Financial Ratio Analysis in Predicting Financial Distress at Tourism Companies, Restaurants, and Hotels Listed on the Indonesia Stock Exchange (IDX) 2021 Sukarno*, Agus; Yacobus, Aryono; Satmoko, Agung
Jurnal Ilmu Keuangan dan Perbankan (JIKA) Vol. 12 No. 2: Juni 2023
Publisher : Program Studi Keuangan & Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34010/jika.v12i2.8994

Abstract

This study aims to determine and analyze liquidity, profitability, leverage, and operational cash flow on financial distress in tourism companies, restaurants, and hotels listed on the Indonesia Stock Exchange in 2021. By measuring the effect of liquidity, profitability, leverage, and operational cash flow on financial distress. Financial distress is measured using the X-Score. The method of analysis of this research uses the logistic regression analysis method. The results of this study indicate that liquidity harms financial distress, profitability harms financial distress, leverage has a positive effect on financial distress, and the operational cash flow ratio does not affect financial distress. Keywords: Financial ratios; Financial Distress; Leverage; Oprational Cash Flow X-Score; Profitability Abstrak Penelitian ini bertujuan mengetahui dan menganalisis liquidity, profitability, leverage dan operational cash flow terhadap financial distress pada perusahaan pariwisata, restoran dan hotel yang terdaftar di Bursa Efek Indonesia tahun 2021. Dengan mengukur pengaruh liquidity, profitability, leverage dan operational cash flow terhadap financial distress. Financial distress diukur menggunakan X-Score. Metode analisis penelitian ini menggunakan metode analisis regresi logistik. Hasil penelitian ini menunjukkan bahwa liquidity berpengaruh negatif terhadap financial distress, profitability berpengaruh negatif terhadap financial distress, leverage berpengaruh positif terhadap financial distress, operational cash flow ratio tidak berpengaruh terhadap financial distress. Kata Kunci: Rasio Keuangan; Rasio Arus Kas Operasional; Kesulitan Keuangan; Profitabilitas; Manfaat X-Score
Analisis Perbandingan Kinerja Keuangan Perbankan Sebelum Dan Saat Pandemi Covid-19 Menggunakan Analisis RGEC Pada Bank BUMN (Bank Umum Persero) Yang Terdaftar di Bursa Efek Indonesia Periode 2019-2020 Fatimah, Siti; Yacobus, Aryono; Nurohim, Hasa
SINOMIKA Journal: Publikasi Ilmiah Bidang Ekonomi dan Akuntansi Vol. 1 No. 5 (2023)
Publisher : CV. Lafadz Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/sinomika.v1i5.611

Abstract

This research was motivated by the Covid-19 virus which spread to Indonesia and caused a pandemic outbreak. The impact of the Covid-19 pandemic on the banking sector is related to the level of financial health of banks in Indonesia. This study aims to determine the level of financial health of banks, especially BUMN Banks (Persero Banks) before the Covid-19 pandemic and during the Covid-19 pandemic in 2020 using RGEC analysis (Risk Profile, Good Corporate Governance, Earning and Capital).The data analysis tool method used is SPSS (Statistical Package for Social Sciences).The results of this study prove that there is no significant difference in banking financial performance between before and during the 2020 Covid-19 Pandemic at BUMN Banks (Persero) as measured by the ratio Risk Profile. There is no significant difference in the financial performance of banks between before and during the 2020 Covid-19 Pandemic in BUMN Banks (Persero) as measured by the ratio Good Corporate Governance. There is a difference in the financial performance of banks between before and during the 2020 Covid-19 Pandemic in BUMN Banks (Persero) as measured by the ratio Earnings. There is no difference in banking financial performance between before and during the 2020 Covid-19 Pandemic at State-Owned Banks (Persero) as measured by the ratio Capital.
The Effect of Digital Financial Inclusion and Financial Literacy on MSME Performance Study on Kapanewon Dlingo MSMEs Hidayati, Nur; Yacobus, Aryono
Indikator: Jurnal Ilmiah Manajemen dan Bisnis Vol 8, No 3 (2024)
Publisher : Universitas Mercu Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22441/indikator.v8i3.27962

Abstract

The aim of this research is to examine the effect of digital financial inclusion on the performance of MSMEs in the Kapanewon Dlingo area and to test the effect of financial literacy on the performance of MSMEs in the Kapanewon Dlingo area. The phenomenon in this research is related to MSME actors in the Kapnewon Dlingo area. This research includes quantitative or statistical research carried out to test hypotheses. This research uses two types of data, namely primary data and secondary data. The population in this study was 736 MSMEs recorded in the Kapanewon Dlingo Prosperity Bureau. The sampling technique used purposive sampling with a sample of 238 Kapanewon Dlingo MSMEs. The analysis technique in this research uses descriptive analysis techniques and partial analysis or t-test with the help of the SPSS version 25 program. The results of this research show that 1) digital financial inclusion has a significant effect on the performance of Kapanewon Dlingo MSMEs, 2) Financial literacy has a significant effect on the performance of Kapanewon Dlingo MSMEs.