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Jurnal Manajemen & Keuangan
Published by Universitas Samudra
ISSN : 2252844X     EISSN : 26151316     DOI : -
Jurnal Manajemen & Keuangan merupakan wahana hasil penelitian dan telaah konseptual dalam bidang manajemen dan keuangan, diterbitkan sejak tahun 2012 dan terbit 2 kali setahun pada bulan Mei dan November.
Arjuna Subject : -
Articles 215 Documents
Factors Affecting SOEs Returns in IDX Ghazali Syamni; Wirdha Ramadhani; Wahyuddin; Faisal; Rasyidin M.
Jurnal Manajemen dan Keuangan Vol 11 No 2 (2022): JURNAL MANAJEMEN DAN KEUANGAN
Publisher : Program Studi Manajemen Fakultas Ekonomi Universitas Samudra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33059/jmk.v11i2.4455

Abstract

This study aims to examine the effect of corporate social responsibility programs, fundamental and macroeconomic variables on returns in SOEs on the IDX. This study uses financial report documentation data obtained from the pages of the Financial Services Authority, Bank Indonesia, and the Central Statistics Agency for the period 2018-2021 so that the number of observations is 80. The data analysis method uses a static panel regression approach. The results of the study found that the stock returns of SOEs were only determined by the price earning ratio. While there are no other variables that affect stock returns, including the implementation of corporate social responsibility programs that have been carried out by state owned companies. Furthermore, this study finds that the return on assets of state owned companies is determined by inflation, current ratio, leverage and earnings per share. While the variables of corporate social responsibility, price earning ratio, gross domestic product and exchange rate have no effect on return on assets. Meanwhile, other findings of this study found that corporate social responsibility has a negative effect on return on assets, while in addition to earnings per share, exchange rates and inflation. While the other variables used do not affect the return on equity.
Analisis Pengaruh Struktur Kepemilikan dan Tata Kelola Perusahaan terhadap Efisiensi Investasi pada Perusahaan Pertambangan Atnis Dika Mistiani; Ahmad Juliana
Jurnal Manajemen dan Keuangan Vol 11 No 2 (2022): JURNAL MANAJEMEN DAN KEUANGAN
Publisher : Program Studi Manajemen Fakultas Ekonomi Universitas Samudra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33059/jmk.v11i2.4481

Abstract

Tujuan dari penelitian ini untuk menganalisis pengaruh struktur kepemilikan dan tata kelola terhadap efisiensi investasi pada perusahaan pertambangan yang terdaftar di Bursa Efek Indonesia periode 2016-2020. Teknik yang dilakukan dalam pengambilan sampel menggunakan purposive sampling sebanyak 17 perusahaan yang lolos sebagai sampel. Metode yang digunakan berupa metode kuantitatif dengan alat analisis regresi data panel dengan pendekatan Fixed Effect Model dan Random Effect Model. Berdasarkan hasil penelitian menunjukkan bahwa konsentrasi kepemilikan berpengruh positif signifikan terhadap efisiensi investasi, sedangkan kepemilikan manajerial dan dewan komisaris independen tidak berpengaruh terhadap efisiensi investasi
Learning Organizations and Competitive Advantage as Mediating the Effect of Network Capability on Organizational Performance Bunyamin Bunyamin; Kadarusman Kadarusman
Jurnal Manajemen dan Keuangan Vol 11 No 2 (2022): JURNAL MANAJEMEN DAN KEUANGAN
Publisher : Program Studi Manajemen Fakultas Ekonomi Universitas Samudra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33059/jmk.v11i2.4875

Abstract

This study aims to test the effect between the Network Capability and Organizational Performance and Learning Organization, with the Competitive Advantage being served as the moderating variable conducted at Small and Medium Enterprises (SME) in Malang city. This study was done by distributing the questioners filled in by the owners and the heads of the small and medium enterprises firms in Malang city. The data was processed using smartpls program. The result shows that the Network Capability directly affects the Organizational Performance, Learning Organization, and Competitive Advantage. Organizational Performance is also directly and positively affected by the Learning Organization and Competitive Advantage. The indirect effect suggests that the Learning Organization and Competitive Advantage are variables that mediate the effect between the Network Capability and Organizational Performance and serve as partial mediation. Based on this study, it is hoped that it gives. This result is expected to give a deeper understanding of the importance of the strategy implementation referring to the resource-based view of the organization. The Network Capability improvement can be a trigger to develop the organization's learning capability, competitive and organizational performance. Practically, is expected to be implemented within an organization to collaborate either with internal or external parties
Manajemen Strategik dalam Transformasi Koperasi Himpunan Pedagang Pasar Cikapundung Menuju Koperasi Modern Indri Ferdiani Suarna; Agus Rahayu; Lili Adi Wibowo
Jurnal Manajemen dan Keuangan Vol 11 No 2 (2022): JURNAL MANAJEMEN DAN KEUANGAN
Publisher : Program Studi Manajemen Fakultas Ekonomi Universitas Samudra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33059/jmk.v11i2.5028

Abstract

Di era new normal koperasi diharapkan dapat terus kreatif dan responsif dalam menjalankan bisnis usahanya. Melalui modernisasi koperasi dengan memanfaatkan teknologi digital menjadi strategi inovasi untuk mencapai efisiensi dan aktivitas layanan koperasi. Koperasi modern juga harus memiliki skala usaha dan kapasitas produksi besar, melakukan sinergi antar pihak berbasis ekosistem, serta dikelola oleh manajemen profesional. Koperasi pasar bisa jadi role model koperasi modern. Penelitian ini bertujuan untuk mengetahui faktor-faktor internal dan eksternal yang mempengaruhi kinerja Koperasi Himpunan Pedagang Pasar Cikapundung (KOHIPPCI) mengidentifikasi posisi koperasi dengan analisis matriks internal eksternal, grand strategy matrix, GE matriks, BCG matriks, dan TOWS matriks, serta menemukan alternatif strategi yang bisa dikembangkan untuk meningkatkan kinerja koperasi tersebut. Penelitian menggunakan metode deskriptif kualitatif dengan analisis SWOT yang dikembangkan untuk mengidentifikasi Strategic Factor Analysis Summary (SFAS). Hasil penelitian menunjukkan ada banyak kekuatan dan kelemahan dari lingkungan internal serta peluang dan ancaman dari faktor eksternal terhadap KOHIPPCI. Meski demikian, KOHIPPCI masih mampu mengelola faktor-faktor tersebut yang ditunjukkan dengan posisinya pada kelompok tumbuh dan bangun pada matriks internal eksternal serta kuadran I grand strategy matrix, GE matriks di kuadran V dan BCG matriks di posisi cash flow.
The Effect of State Sukuk and Macroeconomics on The Trading Volume of Corporate Sukuk with Yield and Sukuk Rating as Control Variables Mellyana Alvi Purniaji; Sunarsih Sunarsih
Jurnal Manajemen dan Keuangan Vol 11 No 2 (2022): JURNAL MANAJEMEN DAN KEUANGAN
Publisher : Program Studi Manajemen Fakultas Ekonomi Universitas Samudra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33059/jmk.v11i2.5045

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh sukuk negara dan makroekonomi terhadap volume perdagangan sukuk korporasi di pasar sekunder Indonesia dengan yield dan peringkat sukuk korporasi sebagai variabel kontrol. Metode yang digunakan dalam penelitian ini adalah analisis regresi data panel dengan menggunakan alat uji Stata-14. Hasil penelitian ini menemukan bahwa setelah menggunakan variabel kontrol variabel sukuk negara yang diukur dengan nilai outstanding sukuk ritel berpengaruh negatif signifikan terhadap volume perdagangan sukuk korporasi di pasar sekunder dan variabel pertumbuhan ekonomi (GDP) berpengaruh positif signifikan terhadap volume perdagangan sukuk korporasi di pasar sekunder Indonesia. Sementara variabel inflasi dan suku bunga tidak berpengaruh terhadap volume perdagangan sukuk korporasi di pasar sekunder Indonesia
Struktur Aktiva, Profitabilitas, Risiko Bisnis Dan Pengaruhnya Terhadap Struktur Modal Pada Perusahaan Makanan Dan Minuman Di Indonesia Muhammad Rizal
Jurnal Manajemen dan Keuangan Vol 8 No 3 (2019): EDISI KHUSUS: JURNAL MANAJEMEN DAN KEUANGAN
Publisher : Program Studi Manajemen Fakultas Ekonomi Universitas Samudra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33059/jmk.v8i3.6770

Abstract

Tujuan dari penelitian ini adalah untuk mengetahui pengaruh Struktur Aktiva, Profitabilitas dan Risiko Bisnis terhadap Struktur Modal di perusahaan makanan dan minuman yang terdaftar di Bursa Efek Indonesia (BEI). Populasi dalam penelitian ini meliputi seluruh perusahaan makanan dan minuman yang terdaftar di Bursa Efek Indonesia yaitu sebanyak 21 perusahaan. Metode pengambilan sampel yang digunakan adalah metode purposive sampling yaitu metode penentuan sampel berdasarkan kriteria atau pertimbangan tertentu, sehingga diperoleh sampel sejumlah 10 perusahaan selama periode 2013-2019. Metode analisis data yang digunakan dalam penelitian ini adalah analisis regresi linear berganda dengan menggunakan AMOS. Hasil penelitian menunjukkan bahwa variabel Profitabilitas dan Struktur Aktiva miliki pengaruh positif dan signifikan terhadap Struktur Modal, sebaliknya Risiko Bisnis memiliki pengaruh negatif dan signifikan terhadap Struktur Modal. Secara simultan menunjukkan bahwa variabel Profitabilitas, Struktur Aktiva, dan Risiko Bisnis berpengaruh signifikan terhadap Struktur Modal
Determination of A Firm Value with CSR as a Moderation Variable Dinda Spanyolia Agassi; Achmad Saiful Ulum Ulum
Jurnal Manajemen dan Keuangan Vol 12 No 1 (2023): JURNAL MANAJEMEN DAN KEUANGAN
Publisher : Program Studi Manajemen Fakultas Ekonomi Universitas Samudra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33059/jmk.v12i1.4484

Abstract

The study aims to test the effect of profitability, leverage, and corporate size on a Firm Value with CSR as a moderation variable. Based on research methods, this research is classified as pure research. The method of data collection used in this study is to use the method of documentation through the company's financial statements published through the official website of the Indonesia Stock Exchange (IDX) which is www.idx.co.id. The population in this study used companies listed on the Indonesia Stock Exchange for the period 2015-2020. The sample used is a manufacturing company listed on the Indonesia stock exchange for the period 2015-2020. The sampling method uses purposive sampling with a sample of 24 companies that fit the criteria. Data analysis techniques use multiple linear regression analysis and multiple regression analysis, using spss software application version 25. The results showed that simultaneously profitability, leverage, and the size of the company had a significant effect on the Firm Value. Partially profitability and laverage have a significant positive effect on the Firm Value. But the size of the company has no effect on the Firm Value. CSR variables are able to moderate the influence of profitability and the influence of leverage on the Firm Value. But at the size of the company, corporate social responsibility is not able to moderate the influence of the size of the company on the Firm Value
Impact of The Covid 19 Pandemic: Is There Overreaction in LQ 45 Stock? Deden Rizal Riadi; Erna Garnia; T Tahmat Tahmat
Jurnal Manajemen dan Keuangan Vol 12 No 1 (2023): JURNAL MANAJEMEN DAN KEUANGAN
Publisher : Program Studi Manajemen Fakultas Ekonomi Universitas Samudra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33059/jmk.v12i1.4727

Abstract

The Covid-19 pandemic has had an impact on various aspects of life, including the capital market which has caused a negative response on most stock exchanges around the world, including the Indonesia Stock Exchange. The Effecieny Market Hypothesis (EMH) explains that the price of a stock will always be reflected from the information available in the market or investors tend to be rational. However, dramatic events such as COVID-19 allow investors to overreact. The results showed that there was an overreaction in both winner and loser stocks in the LQ 45 group on the IDX in 3 months of observation since covid was announced as a pandemic. This overreaction is then followed by a price reversal even though it has not given a significant return after t+13 for both winner and losser stocks. The speed of price recovery (magnitude effect) after the price reversal on the loser stock is higher (faster) than the winner stock. The speed of this price recovery is significantly affected by the company's capital structure and share ownership of individual investors (local and foreign).
Pengaruh Program KUR dan BLT terhadap Kinerja UMKM dengan Strategi Diferensiasi sebagai Variabel Mediasi Irma Suryani; Maria Rio Rita
Jurnal Manajemen dan Keuangan Vol 12 No 1 (2023): JURNAL MANAJEMEN DAN KEUANGAN
Publisher : Program Studi Manajemen Fakultas Ekonomi Universitas Samudra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33059/jmk.v12i1.5310

Abstract

This study aims to examine the impact of the Kredit Usaha Rakyat (KUR) and Bantuan Langsung Tunai (BLT) programs on the performance of MSMEs through differentiating mediation strategies. This study involved SMEs in Salatiga City using a purposive sampling method to purchase samples. Data is processed using Partial Least Square-Structural Equation Modeling (PLS-SEM). The reported findings are that the KUR and BLT programs have a significant positive effect on the differentiation strategy and also on the performance of MSMEs. It is also proven that differences in strategy mediate the effect of the KUR and BLT programs on MSME performance. This can be a reference for MSME actors to increase capital in a business by wisely using the KUR and/or BLT programs to support the implementation of a differentiation strategy to improve operations.
Peran Barrier Memoderasi Pengaruh Motivasi dan Enabler terhadap Perilaku Berbagi Pengetahuan Pegawai Ilafi Rani Yoasti; Hedwigis Esti Riwayati; Ovalia; Muhammad Iqbal
Jurnal Manajemen dan Keuangan Vol 12 No 1 (2023): JURNAL MANAJEMEN DAN KEUANGAN
Publisher : Program Studi Manajemen Fakultas Ekonomi Universitas Samudra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33059/jmk.v12i1.5653

Abstract

This study aims to investigate and analyze the effect of motivation, enabler and enabler on knowledge sharing behavior in Ministry of Finance with barrier as moderating variable. This study adopts a quantitative method with a sample of 100 employees of Ministry of Finance. The data employed are primary data derived from questionnaire. Moderated Regression Analysis (MRA) is used to analyse the data. From the results of the study, it was found that motivation and enabler had a significant and positive effect on the knowledge sharing behavior of Ministry of Finance employees. The results also showed that the barrier did not moderate the influence of motivation or enabler on the knowledge sharing behavior of MoF employees.