Articles
784 Documents
MENINGKATKAN NILAI PERUSAHAAN MELALUI INVESTASI TEKNOLOGI INFORMASI
Wahyu Wiyani
Jurnal Keuangan dan Perbankan Vol 12, No 2 (2008): May 2008
Publisher : University of Merdeka Malang
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (197.565 KB)
|
DOI: 10.26905/jkdp.v12i2.889
Adopting information technology is a necessary requirement for conducting anybusiness in such globalized competitive era. Using the innovative information technologywill give the chance for a firm to become the winner from the competition cause the firm canwork efficiently and effectively, it can increase performance so that it can boots its firm value.
JURISTIC OBSTACLE IN DECLARING BANKRUPTCY AGAINST INSURANCE COMPANY WHICH FAIL TO SETTLE ITS DEBT LIABILITY
Imron, Ali
Jurnal Keuangan dan Perbankan Vol 12, No 2 (2008): May 2008
Publisher : University of Merdeka Malang
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.26905/jkdp.v12i2.890
Legal obligation to pay compensation of an insurance company arise immediatelyafter the evenement occurred, if this obligation not being settled right away it can becategorized as fall due debt and claimable, and this can be used as a reason to proposebankruptcy application. The creditors fundamental rights practically impeded by Section 2article (5) of Insolvency Act, which give absolute authority to Minister of Finance in proposingbankruptcy application for insurance company. This authority is attached to the status of Ministerof Finance as the guider and supervisor of insurance institution in Indonesia, but this authorityoften might reduce peoples trust to insurance institution itself if it is not used carefully andwisely. For the sake of law and justice, Minister of Finance should acts proportionally if thebankruptcy application doesnt have enough reason, according to Ministers authority in thecase of bankruptcy application for insurance company against their insured and other creditors.
STUDI ATAS KINERJA BUMN SETELAH PRIVATISASI
Sri Lestari Kurniawati;
Wiwik Lestari
Jurnal Keuangan dan Perbankan Vol 12, No 2 (2008): May 2008
Publisher : University of Merdeka Malang
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (195.681 KB)
|
DOI: 10.26905/jkdp.v12i2.891
This paper examined the post-privatization both of financial and market performanceof State-owned company (BUMN). The findings indicated that there was no significant increasein financial performance after privatization. All variables tested were statistically the samebetween before and after privatization. However, market performance showed significantresult in cumulative abnormal in 6th month. It meant that, investing in BUMN could give asignificant return after investing at least six months.
PERILAKU KEPEMIMPINAN BERORIENTASI HUBUNGAN SEBAGAI ANTESEDEN, SELFEFFICACY DAN ORGANIZATIONAL CITIZENSHIP BEHAVIOR
Pieter Sahertian
Jurnal Keuangan dan Perbankan Vol 12, No 2 (2008): May 2008
Publisher : University of Merdeka Malang
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (159.335 KB)
|
DOI: 10.26905/jkdp.v12i2.892
This study was aimed at analyzing the influence of the worker perception about theleadership behavior which had relationship-oriented from the leader or the supervisor towardsthe work through self-efficacy and organizational citizenship behavior. To gain the objectives,explanatory research was conducted in correlational research. The samples were made of 125respondents from the workers of PT. Bank Central Asia Tbk. District VII Malang who had thepositions from supervisors (SPV) till chief managers (CM) with simple sampling technique. Thedata were taken from questionnaire and interview as the instruments of the research. Then,they were analyzed by using Structural Equation Modelling (SEM) as the statistical techniquewith rate a = 0,05. The results of the research showed: 1) the tendency of the leaders of PT BCATbk. District VII Malang in applying leadership behaviour with relationship-oriented was high,and so were the self-efficacy, and extra-role (OCB) workship (either the employee or theemployer). 2) The influence of leadership behaviour with relationship-oriented towards extrarole (OCB) workship was not significant. The correlations among those variables changed afterthey were interfered by self-efficacy variable as the moderator variable. 3) The result of thisresearch showed that self-efficacy variable mediated the influence of leadership behaviourwith relationship-oriented towards extra-role workship (OCB).
HUBUNGAN STRUKTUR KEPEMILIKAN DAN EXTERNAL MONITORING TERHADAP AGENCY COST DAN ALIRAN KAS
Yustina Ade
Jurnal Keuangan dan Perbankan Vol 12, No 3 (2008): September 2008
Publisher : University of Merdeka Malang
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (144.838 KB)
|
DOI: 10.26905/jkdp.v12i3.898
Capital credit was credit given by private/government public bank to solve theproblem of liquidation on companies. In a small company, inhibiting liquidation andinformation which was asymmetric influenced manpower recruitment, especially in managerlevel and it could make adverse selction problem. In agency theory, it was mentioned thatagency problem could appear if there was a different self-interest between (1) capital ownerand manager (2) capital owner and bank. This research was aimed to analyze if ownershipstructure and external monitoring had influence to agency cost and whether agency cost hadinfluence to cash flow. The samples of this research were small companies running inmanufatures, corporation, and which got capital credit. Samples taken were 101 companiesand the analyzes method used was SEM. This research concluded that agency cost was in smallcompanies that the manager was not the capital owner, but there was no indication of moralhazard.
ECONOMIC VALUE ADDED DAN MARKET VALUE ADDED TERHADAP RETURN SAHAM
Kartini Kartini;
Gatot Hermawan
Jurnal Keuangan dan Perbankan Vol 12, No 3 (2008): September 2008
Publisher : University of Merdeka Malang
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (224.132 KB)
|
DOI: 10.26905/jkdp.v12i3.899
This research purposes were to prove the hypothesis consisted of: (1) EVA which hada positive correlation to the stock return, (2) MVA which had a positive correlation to the stockreturn. This research used regression analysis to find how much the contribution of theindependent variable in influencing the stock return was. Data used in this research was asecondary data provided by Jakarta Stock Exchange (JSX) since 2005 until 2006. The type ofdata analyze was manufacturing companies sub consumers goods, from 2005 to 2006. Theconclusion of this research was that EVA and MVA did not significantly influence the stockreturn. This was proved by the evidence of the Fstatistic which was lower than the Ftable(1,0753,15) and the significance was more than 0.05 (r0.05). EVA did not positively correlateto the stock return. It was proved by the significances of 0,695 higher than 0.05 (p0,05). MVAdid not positively correlate to the stock return. It was proved by the significances of 0,238higher than 0.05 (p0,05).
STRATEGI VALUATION MODEL: PENGAMBILAN KEPUTUSAN INVESTASI PADA PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA
Hasa Nurrohim KP;
Sri Dwi Ari Ambarwati
Jurnal Keuangan dan Perbankan Vol 12, No 3 (2008): September 2008
Publisher : University of Merdeka Malang
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (347.049 KB)
|
DOI: 10.26905/jkdp.v12i3.900
This research was based upon Riahi-Belkaoui Picur (2001) and Richard G Baker(1999) result which supposed there was relation between IOS with dividend and retained earningpolicy. Purpose of this research was to know empirically impact of valuation model strategy toinvestment decision making on manufacturing company. Using data of manufacturing companieswas listed during 2000-2005 in Indonesia Stock Exchange and analyzed with multiple regression.The results found were: 1). There was no effect between stock price with dividend on companiesand High IOS (Investment Opportunity Sets) although Low IOS. 2). There was significantlypositive effect between stock price with retained earning on companies and High IOS (InvestmentOpportunity Sets).
KEPEMILIKAN MANAJERIAL DAN INSTITUSIONAL, KEBIJAKAN DIVIDEN, UKURAN PERUSAHAAN, STRUKTUR AKTIVA DAN PROFITABILITAS TERHADAP KEBIJAKAN HUTANG
Yuli Soesetio
Jurnal Keuangan dan Perbankan Vol 12, No 3 (2008): September 2008
Publisher : University of Merdeka Malang
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.26905/jkdp.v12i3.901
This research was conducted to know several factors that affected Debt policy andto know the significance level and the correlation between dependent and independent variable.Analysis instrument used was parametric statistic. Based on the result of statistic test, all ofindependent variables were able to explain simultaneously dependent variable of Debt policy,and particularly, variable of Managerial Ownership, Institutional Ownership, Assets Structure,and Profitability which were affected significantly towards Debt policy.
KEPEMILIKAN MANAJERIAL TERHADAP KEBIJAKAN PENDANAAN DAN DIVIDEN
Soleman H. Abdul Kahar
Jurnal Keuangan dan Perbankan Vol 12, No 3 (2008): September 2008
Publisher : University of Merdeka Malang
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (163.273 KB)
|
DOI: 10.26905/jkdp.v12i3.902
The aim of this investigation was to provide evidence that managerial ownershipeffected to financing and dividend policy. The result showed there was positive significancebetween managerial ownership and financing policy. Manager could monitor the bestinvestment and add capital from extern financing (demand hypothesis). Besides, managerialownership effect was negative but not significant to dividend policy. Investor as owner andmanager of corporate preferred to choose other compensations such as salary, bonus or otherlong time incentive rather than dividend.
KARAKTERISTIK PERUSAHAAN TERHADAP TINGKAT LEVERAGE
Rusman Soleman
Jurnal Keuangan dan Perbankan Vol 12, No 3 (2008): September 2008
Publisher : University of Merdeka Malang
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (167.561 KB)
|
DOI: 10.26905/jkdp.v12i3.903
The objective of this research was to identify the effect of firm characteristics (firmsize, and asset growth, and profitability) simultaneously and individually on leverage rate atpublic firm of manufacturer sector listed in Indonesia Stock Exchange (BEI). This research wereexplanatory research, was done by survey method on public firm of manufacturer sector listedin Jakarta Stock Exchange (BEJ). The minimal samples were taken in the amount of 35 firmfrom population amount of 157 which calculated base on Yamane method for cross sectiondata in the year at 2003 2005. Based on multiple regression model of analysis, the resultsshowed that firm characteristics (firm size, and asset growth, and profitability) simultaneouslyand individually have influence on leverage rate at public firm of manufacturer sector listed inIndonesia Stock Exchange (BEI).