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PERAN DEBT TO EQUITY RATIO DALAM MEMEDIASI PENGARUH CURRENT RATIO DAN INSTITUTIONAL OWNERSHIP TERHADAP DIVIDEND PAYOUT RATIO PADA PERUSAHAAN MANUFAKTUR Fitriati, Ika Rosyada
Business Management Analysis Journal (BMAJ) Vol 2, No 1 (2019): Business Management Analysis Journal (BMAJ)
Publisher : Universitas Muria Kudus

This study aims to examine the effect of current ratio variables and institutional ownership on dividend payout ratio and the role of debt to equity ratio in mediating those effects. The sampling method that is used in the study is purposive sampling method. This study uses financial statement data published in Indonesian Capital Market Directory (ICMD). The feasibility test of the model was tasted using a multicollinearity test, test the coefficient of determination and significance test. Path analysis and sobel test are used in hypothesis testing. The result of the study found that the current ratio has a significant negative effect on the debt to equity ratio, the debt to equity ratio has a significant negative effect on the dividend payout ratio and the debt to equity ratio is able to mediate the effect of the current ratio on the dividend payout ratio.

ANALISIS RASIO KEUANGAN YANG MEMENGARUHI KINERJA KEUANGAN PERBANKAN KONVENSIONAL YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2015-2017 Larasati, Hartina Dwi; Sudarsi, Sri; Irsad, Moch.; Fitriati, Ika Rosyada
Proceeding SENDI_U 2019: SEMINAR NASIONAL MULTI DISIPLIN ILMU DAN CALL FOR PAPERS
Publisher : Proceeding SENDI_U

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Penelitian ini bertujuan untuk menguji pengaruh Rasio Keuangan (LDR, NPL, NIM, BOPO, dan CAR) terhadap Kinerja Keuangan (ROA) Perbankan Konvensional yang terdaftar di Bursa Efek Indonesia periode 2015-2017. Populasi penelitian ini adalah seluruh perbankan konvensional yang terdaftar di BEI selama 2015-2017. Sumber data yang digunakan berasal dari Laporan Keuangan Tahunan perbankan konvensional yang terdaftar di BEI. Pengambilan sampel menggunakan metode purposing sampling, sehingga sample yang layak digunakan sebanyak 31 perusahaan perbankan konvensional yang terdaftar di BEI. Teknik penelitian ini menggunakan analisis regresi linear berganda. Hasil penelitian menunjukkan bahwa NIM berpengaruh positif signifikan terhadap kinerja keuangan (ROA), dan BOPO berpengaruh negatif signifikan terhadap kinerja keuangan (ROA), sedangkan variabel LDR, NPL dan CAR tidak berpengaruh signifikan terhadap kinerja keuangan (ROA). Kata Kunci : LDR, NPL, NIM, BOPO, CAR dan Kinerja Keuangan (ROA)

SENTIMEN PASAR TERHADAP BERITA MENINGGALNYA SOSOK PENDIRI PERUSAHAAN (STUDY KASUS PADA MENINGGALNYA EKA TJIPTA 26 JANUARI 2019, FOUNDER SINARMAS GROUP) Pradita, Nungki; Mansyur, Anwar; Fitriati, Ika Rosyada; Hayuningtias, Kristina Anindita
Proceeding SENDI_U 2019: SEMINAR NASIONAL MULTI DISIPLIN ILMU DAN CALL FOR PAPERS
Publisher : Proceeding SENDI_U

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Sentimen investor adalah perasaan individu yang optimis atau pesimis yang berlebihan terhadap suatu situasi, yang menentukan terbentuknya harga di pasar saham. Penelitian ini bertujuan untuk menguji apakah terdapat sentimen investor atas meninggalnya sosok pendiri perusahaan yang mana dalam penelitian ini founder dari Sinarmas Group. Penelitian ini melibatkan 11 perusahaan dari Sinarmas group yang melantai pada bursa efek Indonesia. Metode yang digunakan dalam penelitian ini adalah studi peristiwa (event study) yang menggunakan pendekatan kuantitatif, dalam penelitian ini digunakan pengamatan sepuluh hari sesudah dan sepuluh hari sebelum terjadinya peristiwa. Hasil dalam penelitian ini diperoleh bahwa terdapat sentiment negative terhadap peristiwa meninggalnya sosok pendiri perusahaan bahkan terjadi overreaction pada beberapa perushaan yang memiliki fundamental kurang baik. Kata Kunci: pendiri, overreaction, reaksi pasar, sentiment investor

DETEKSI BEHAVIORAL BIASES INVESTASI MELALUI PERSONALITY TRAITS Fitriati, Ika Rosyada; Mansyur, Anwar; Pradita, Nungki
Proceeding SENDI_U 2020: SEMINAR NASIONAL MULTI DISIPLIN ILMU DAN CALL FOR PAPERS
Publisher : Proceeding SENDI_U

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Penelitian ini bertujuan untuk mengetahui pengaruh personality traits terhadap behavioral biases padainvestor saham yang masih berstatus sebagai mahasiswa. Behavioral biases yang teliti adalah perilakuoverconfidence dan herding sedangkan personality traits menggunakan the big five peronality. Objek penelitianini adalah investor mahasiswa. Sampel diambil dengan teknik purposive sampling. Penelitian ini menggunakananalisis regresi untuk mengestimasi pengaruh independen terhadap variabel dependen. Sebelum mengujihipotesis terlebih dahulu dilakukan uji kelayakan model yang dilakukan dengan uji convergent validity dandiscriminant validity. Hasil penelitian menujukkan bahwa consientiousness berpengaruh positif signifikanterhadap herding dan extraversion memiliki pengaruh positif signifikan terhadap overconfidence. Hasilpenelitian dapat membantu investor untuk menghindari bias perilaku investasi sehingga keputsan investasi lebihoptimal.

KEBIJAKAN HUTANG PERUSAHAAN REAL ESTATE DAN PROPERTY Yustanti, Oktavia; Fitriati, Ika Rosyada
Proceeding SENDI_U 2021: SEMINAR NASIONAL MULTI DISIPLIN ILMU DAN CALL FOR PAPERS
Publisher : Proceeding SENDI_U

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Penelitian ini bertujuan untuk mengetahui pengaruh current ratio, struktur aset, profitabilitas, dan kepemilikan institusional terhadap kebijakan hutang pada perusahaan real estate dan property yang terdaftar pada Bursa Efek Indonesia tahun 2016-2019.Data yang digunakan adalah laporan keuangan dan laporan tahunan yang dijadikan sampel. Metode pengambilan sampel menggunakan purposive sampling dengan kriteria perusahaan yang terdaftar di BEI periode 2016- 2019. Bedasarkan kriteria tersebut diperoleh sampel 146 perusahaan. Penelitian ini menggunakan metode analisis regresi linier berganda untuk melihat hubungan antar variabel. Hasil penelitian menunjukkan bahwa Current Ratio (CR) berpengaruh negatif signifikan terhadap kebijakan hutang (DER), Struktur Aset (ASSETS) berpengaruh positif signifikan terhadap kebijakan hutang (DER), Profitabilitas (ROA) berpengaruh negatif signifikan terhadap kebijakan hutang (DER), Kepemilikan Institusional (KI) berpengaruh positif tidak signifikan terhadap kebijakan hutang (DER).

Strengthening digital ecosystem for SMEs through readiness to change and agile leadership Hasan Abdul Rozak; Ardian Adhiatma; Ika Rosyada Fitriati
Jurnal Siasat Bisnis Vol 25, No 2 (2021)
Publisher : Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jsb.vol25.iss2.art6

Purpose: This study aims to describe and analyze the relationship between readiness to change and agile leadership on the dynamic capabilities of SMEs. Furthermore, this study also examines the effect of dynamic capabilities in strengthening the digital ecosystem of SMEs.Design/methodology/approach: The data used in the study are collected from 250 SMEs through structured questionnaires. This study analyzes three hypotheses using structural equation modeling.Findings: The results of the study show that readiness to change and agile leadership can improve the dynamic capabilities of SMEs. The improved dynamic capabilities of SMEs are proven to be able to strengthen the digital ecosystem in SMEs. The results of this study are expected to contribute to SMEs in strengthening the growth of the digital economy in Indonesia.Research limitations/implications: This research has several limitation aspects, the research design is cross-sectional, and the research design cannot ensure that the causal relationship is specified in the hypothesis; in fact, the results tend to be consistent with theoretical reasoning. This study analyzes dynamic capabilities, a more specific approach may be needed to be able to fully utilize each process for the realization of a digital ecosystem. Another limitation, this study only examines the direct effect between a penchant for change and agile leadership on the capabilities of SMEs. Then test the direct influence between dynamic capabilities on the realization of a digital ecosystem.Practical Implications: The implication of the results of this research for management is as a literature on efforts to strengthen the digital ecosystem for SMEs through dynamic capabilities formed fro readiness to change and agile leadership. SME entrepreneurs must realize that change is a necessity along with the development of society and technology so that readiness to change becomes veri important. Besides, SME entrepreneurs are also required to have an agile leadership spirit so that they can guide and influence their team in achieving targets and solving problems properly.Originality/value: This study focuses on change readiness and agile leadership in relation to the dynamic capabilities of SMEs that can ultimately shape digital ecosystems. the results of this study provide additional empirical evidence for areas of research where there are few studies exist.

ANALISIS PENGARUH RETURN ON EQUITY, FIRM SIZE, CURRENT RATIO DAN INSTITUTIONAL OWNERSHIP TERHADAP DIVIDEND PAYOUT RATIO DENGAN DEBT TO EQUITY RATIO SEBAGAI VARIABEL INTERVENING Ika Rosyada Fitriati; Mohammad Chabachib; Harjum Muharam
Jurnal Riset Ekonomi dan Bisnis Vol 11, No 3 (2018): Desember 2018
Publisher : Universitas Semarang

Penelitian ini bertujuan untuk mengujipengaruh variabel return on equity, firm size, current ratio dan institutional ownership terhadap dividend payout ratio dengan debt to equity ratio sebagai variabel intervening. Pengambilan sampel menggunakan purposive sampling. Data diambil dari Indonesian Capital Market Directory (ICMD). Uji kelayakan model menggunakan uji multikolinieritas, uji koefisien determinasi dan uji signifikansi. Teknk analisis menggunakan analisis jalur dan sobel test. Hasil penelitian ini menunjukkan bahwa current ratio dan institutional ownership berpengaruh negatif signifikan terhadap debt to equity ratio, firm size dan current ratio berpengaruh positif signifikan terhadap dividend payout ratio, debt to equity ratio berpengaruh negatif signifikan terhadap dividend payout ratio serta debto equity ratio mampu memediasi pengaruh current ratio terhadap dividend payout ratio dan pengaruh institutional ownership terhadap dividend payout ratio.The aimed of this study is examine the effect of variable return on equity, firm size, current ratio and institutional ownership toward dividend payout ratio with debt to equity ratio as an intervening variable. Sampling using purposive sampling. Data taken from Indonesian Capital Market Directory (ICMD). The test of feasibility models using multicoliniarity test, coefficient determination test and test of significance. The analysis technique using path analysis and sobel test. The result of this study indicate that the current ratio and institutional ownership have significant negative effect on debt to equity ratio, firm size and current ratio have significant positive effect on dividend payout ratio, debt to equity ratio has significant negative effect on dividend payout ratio and the debt to equity ratio capable of mediating influence current ratio toward dividend payout ratio and the effect of institutional ownership toward dividend payout ratio.

Kebijakan hutang perusahaan manufaktur di Indonesia Hadi - Surento; Ika Rosyada Fitriati
Al Tijarah Vol 6, No 3 (2020): Special Issue Seminar Nasional Manajemen & MADIC 6, 2020
Publisher : Universitas Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/tijarah.v6i3.5608

The purpose of this paper is to explore the most significant determinant of debt policy on manufacturing firm in Indonesia. This paper carries out a panel data analysis of 318 observations from 106 listed manufacturing firms on the Indonesia Stock Exchange over period 2016-2018. Multiple regression model and correlation matrix have been used as statistical tools to investigate the most significant determinants of debt policy on manufacturing firm in Indonesia. The results of this research shows that there is a significant negative effect of liquidity and profitability on debt policy, while the asset structure and firm size have a significant positive effect on debt policy.

Peran Debt To Equity Ratio dalam Memediasi Pengaruh Current Ratio dan Institutional Ownership terhadap Dividend Payout Ratio pada Perusahaan Manufaktur Ika Rosyada Fitriati; Nungki Pradita
Business Management Analysis Journal (BMAJ) Vol 2, No 1 (2019): Business Management Analysis Journal (BMAJ)
Publisher : Universitas Muria Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24176/bmaj.v2i1.2973

This study aims to examine the effect of current ratio variables and institutional ownership on dividend payout ratio and the role of debt to equity ratio in mediating those effects. The sampling method that is used in the study is purposive sampling method. This study uses financial statement data published in Indonesian Capital Market Directory (ICMD). The feasibility test of the model was tasted using a multicollinearity test, test the coefficient of determination and significance test. Path analysis and sobel test are used in hypothesis testing. The result of the study found that the current ratio has a significant negative effect on the debt to equity ratio, the debt to equity ratio has a significant negative effect on the dividend payout ratio and the debt to equity ratio is able to mediate the effect of the current ratio on the dividend payout ratio.

RASIO KEUANGAN DAN UKURAN PERUSAHAAN DALAM MEMPREDIKSI KEBIJAKAN DIVIDEN Sri Sudarsi; Ika Rosyada Fitriati; Andi Kartika
Fokus Ekonomi : Jurnal Ilmiah Ekonomi Vol 16, No 2: Desember 2021
Publisher : STIE Pelita Nusantara Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34152/fe.16.2.356 - 371

This research aims to provide the empirical evidence of financial ratios and the company size in predicting the dividend policy. The research object was carried out on banking companies that listed on the Indonesian stock exchange for the 2014-2018 period. The sample selection was carried out using the proposive sampling method, in which the sample selection used certain criteria, and obtained a sample of 210 companies. Data analysis techniques using the multiple linear regression. The results of this research prove that the profitability ratio has a positive and significant effect on the dividend policy, the company size has a positive and significant effect on the dividend policy, while liquidity has no effect on the dividend policy.

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