Garuda - Garba Rujukan Digital

Article Per Year (5 Year)

All

Jurnal Keuangan dan Perbankan

jkdp
Website

Published by Universitas Merdeka Malang

ISSN : - EISSN : - DOI : -

Core Subject : Economy,

Economics, Econometrics & Finance

Arjuna Subject : -

Articles 784 Documents

24 25 26 27 28

REAKSI INVESTOR TERHADAP PENGUMUMAN DIVIDEN DI BURSA EFEK INDONESIA Sugeng Haryanto
Jurnal Keuangan dan Perbankan Vol 15, No 2 (2011): May 2011
Publisher : University of Merdeka Malang

This study analyzed the investor reaction to dividend announcements. The sampling technique used waspurposive sampling with the criteria that these companies entered LQ45 2007-2009 and distributed cashdividends continuously. The purpose of this study was to investigate investor reaction to announcements ofcash dividends at Indonesia Stock Exchange. This research was an event study, the research analyzed themarket reaction to an event. This study aimed to test whether the information dividend announcement wasimportant information for investors and it affected investor reaction. Statistical analysis techniques were usedin different test against the Average Abnormal Return (AAR) before and after the dividend announcement. Theresults showed that investors did not react to that information. This was indicated by the absence of differencesin AAR before and after the dividend announcement.

STRATEGI AKTIF PASIF DALAM OPTIMALISASI PORTOFOLIO SAHAM INDEKS LQ-45 Ibnu Khajar
Jurnal Keuangan dan Perbankan Vol 15, No 2 (2011): May 2011
Publisher : University of Merdeka Malang

The objective of investors to invest their money in the stock exchange was to maximize return although theywere subject to constraints, primarily risk. Return was the motivating force in the investment process. It was thereward for undertaking the investment. To overcome and lesson the risk, an investor needed to make diversificationthrough the formation of portfolio. The aim of this research was to know the return and risk from theactive and passive strategy in the stocks of LQ45, for 6 months periods, August 2009 until January 2010. Theactive strategy used the single index model and passive used the LQ45 share itself. The results of this researchindicated that active strategy (single index model): return portfolio was 5.43% and risk was 4.03%. Passivestrategy (following the index): return portfolio was 2% and risk was 3.5% and there was a linear relationshipbetween an assets risk and its required rate of return, the bigger the amount of return, the bigger the risk takenby investors or the reverse. The finding showed that between the two strategies, the return and risk of activestrategy as a whole was bigger than that of the passive strategy.

PERBANDINGAN IMPLEMENTASI ISO DAN PELUNCURAN ENTERPRISE RESOURCES PLANNING TERHADAP INDEKS KINERJA KEUANGAN Sautma Ronni Basana
Jurnal Keuangan dan Perbankan Vol 15, No 2 (2011): May 2011
Publisher : University of Merdeka Malang

Recently, companies implemented projects which applied on companies overall system. These recent bestpractices of pursuing companies effectiveness and efficiency would be implementation of ISO 9000 and ERP.Previous research showed that these two projects could bring benefits for these companies which implementedit. However, it had not been compared which project would bring more benefits to these companies. Thisresearch observed 35 companies which consisted of 15 companies in food and beverages industry, 9 companiesin pharmaceutical industry, 4 companies in cigarettes industry, 4 companies in cosmetics industry, and 3companies in household appliances industry. The data were taken by observing and recording the valueswhich related to COGS (cost of goods sold), total inventory, net income, gross income, operating income, pretaxincome, cash flow operation, total liabilities, and total asset after ISO and ERP implementation. The resultsshowed that there was no significant difference of the ISO and ERP implementation on the factors of inventoryturnover, and weeks of supply. While the other factors showed significant differences between the implementationof ERP and ISO. Net profit margin, gross profit margin, and operating profit margin showed better resulton ERP launching. On the other hand, pretax margin showed better than ISO 9000 implementation. Overall,ERP implementation showed better results compared with ISO 9000.

PENGEMBANGAN DAYA SAING UMKM DI MALAYSIA DAN SINGAPURA: SEBUAH KOMPARASI Abdul Mongid; FX Soegeng Notodihardjo
Jurnal Keuangan dan Perbankan Vol 15, No 2 (2011): May 2011
Publisher : University of Merdeka Malang

Small and medium enterprises (SMEs) play a vital role in the Singapore and Malaysian economy and areconsidered to be the backbone of industrial development in the countries. This paper tries to investigate howgovernment play role in development of SMEs and in what kind of support. The key messages from this paperare SMEs in both countries were facing some similar problems especially from foreign competitors and accessto business opportunities but both had a different approach. In Malaysia, it is very clear that SMEs developmentis a part of efforts to restructure economic activities among ethnics groups. National Strategy for SMEdevelopment is also put in place. There is a synergic effort among government bodies to develop SMEs. BankNegara Malaysia plays an active role in supporting and financing. In Singapore, SMEs development programsare aimed as a conscious effort to foster local private enterprise. The strategy is applied to support theestablishment, development and then internationalization. Internationalization is stressed as Singapore openseconomy where free trade and globalization are as the soul. In the effort, no protection is given but support.Government strategy is to improve Money, Managerial, Market and Know-how it does. To increase access toglobal market, government assists SMEs in term of competency, connection and capital. Government requiresthe MNCs to serve both as mentors and as market outlets for their products. The target is to achieve theinternational competitiveness of SMEs through technology and international marketing requisites such asglobal standard and quality on the hope, SMEs will become a valuable partner in the future economic developmentof Singapore.

DISPOSITION EFFECT TERHADAP HUBUNGAN ANTARA NILAI FUNDAMENTAL DAN HARGA SAHAM PADA PERIODE KRISIS FINANSIAL Yohanes Indrayono
Jurnal Keuangan dan Perbankan Vol 15, No 3 (2011): September 2011
Publisher : University of Merdeka Malang

Stock price was positively affected by a change of company fundamental value which included profitability,growth, and dividend factors. Excess volatility hypothesis, on the other hand, indicated that stock price wastoo volatile correlated to its fundamental value. This study empirically investigated the moderating impact ofdisposition effect - the tendency to sell stocks that had appreciated in price (winners) too soon and to hold stocksthat trade price below the purchase price (losers) too long - on the relationship between fundamental values andstock prices. Fifty-three stocks of Indonesian Stock Exchange were chosen as the research sample based onsampling criteria for the periods before, during, and after the 2008 financial crisis. By using multiple regressionsanalyses, this study revealed that during these periods, disposition effect weakened the positive relationshipbetween earning per share and stock prices as well as between book value per share and stock prices. Thehigher the proportion of disposition investors, the less sensitive the stock price to the changes in fundamentalvariables. Unlike previous studies that investigated the direct impact of disposition effects on stock prices, thisstudy investigated the indirect impact of disposition effect on stock prices. Thus, this study contributed to theexisting behavioral finance literature by providing some useful insights into understanding why stock priceswere less sensitive to the changes in fundamental variables in the presence of disposition effect.

THE LIQUIDITY AND INFORMATIONAL EFFICIENCY IN STOCK AND BOND MARKET Dewi Tamara
Jurnal Keuangan dan Perbankan Vol 15, No 3 (2011): September 2011
Publisher : University of Merdeka Malang

This paper was taking a first step toward an integrated approach to stock and bond liquidity and informationalefficiency. We drew from the literature to develop comprehensive understanding about liquidity and informationevent in stock and bonds market. We used variables from Chordia, et al. (2005), to explore cross-marketliquidity dynamics by estimating a vector regressive model for liquidity such as bid-ask spread and depth,returns, volatility, and order flow in the stock and Treasury bond markets. We analyzed the work fromHotchkiss, et al. (2002) to find the informational efficiency of corporate bond prices. It was similar to that of theunderlying stocks. The central contribution of this paper was to reveal the possibility in applying this kind ofresearch in Indonesian market.

KINERJA FINANSIAL DAN OPERASIONAL BADAN USAHA MILIK NEGARA YANG GO PUBLIC Tona Aurora Lubis
Jurnal Keuangan dan Perbankan Vol 15, No 3 (2011): September 2011
Publisher : University of Merdeka Malang

The main purpose of this study was to find out the effects of public ownership as the result of privatization byinitial public offering (IPO) on financial and operational performance in private state owned enterprises(SOE). Target populations of this research were 9 private SOEs. The analysis of the study used partial leastsquare (PLS). The finding of this study showed that public ownership, as the result of privatization, mightimprove financial and operational performance only at leverage decrease and profitability increase.

KOMISARIS INDEPENDEN, KOMITE AUDIT, INTERNAL AUDIT DAN RISK MANAGEMENT COMMITTEE TERHADAP MANAJEMEN LABA Nurika Restuningdiah
Jurnal Keuangan dan Perbankan Vol 15, No 3 (2011): September 2011
Publisher : University of Merdeka Malang

The purpose of this research was to examine the impact of independency of board commisioner, audit committee,internal audit and risk management comittee to earning management. Regression Analysis of 35 publiccompanies listing in Indonesia Stock Exchange on year 2009 through a random sampling technique indicatedthat there was no significant impact of independency of board commisioner, audit committee, internal auditand risk management comittee to earning management. The implication of this study was relevant to thedecision maker of public companies to consider the skill and expertise of board commisioner, audit committe,internal audit and risk management comittee to support the internal corporate governance mechanism.

MICRO FINANCING SCHEME BASED ON OPTIMIZATION OF NETWORK (MFS-ON): APROPOSED IMPROVEMENT ON CURRENT PRACTICES Soenartomo Soepomo; Moch. Doddy Ariefianto
Jurnal Keuangan dan Perbankan Vol 15, No 3 (2011): September 2011
Publisher : University of Merdeka Malang

One important method in reducing poverty was through finance.The poor were lack of qualification andcapacity to borrow from formal financial sector. Therefore they should resort their financing needs to informalsources albeit very high cost implication.This dependency in turn would disrupt their productive capacitysincethe interest was very high. We focus on special segment of theproductive poor. We reviewed various financingscheme that widely practiced both domestically and globally. We perceived that existing schemes were inadequatefrom several perspectives: (1) partial nature, (2) substandard business practices, (3) lack of cooperationand (4) limited coverage. We proposed an alternative financing scheme.The spirit of the approach emphasizedthe critical role of self-sufficiency of Microfinance Institution (MFI). Through self sufficiency, MFI coulddevelop a healthy business with reasonable rate of return. In addition to self sufficiency, first, the proposal alsoincluded financing from private sector through mobilization of Corporate Social Responsibility (CSR) funds.The funding sources became broad and economics scale could be achieved. Second, the proposal improved risksharing mechanism by introducing the regional government banks as well as insurers. Third, the proposalmade the distribution channel optimum by involvement of society elements

RETURN SAHAM, INFLASI, DAN STRUKTUR KEPEMILIKAN TERHADAP RISIKO INVESTASI Siti Komariah; Julenah Julenah; M. Chudori
Jurnal Keuangan dan Perbankan Vol 15, No 3 (2011): September 2011
Publisher : University of Merdeka Malang

The economic crisis in Indonesia had an impact on the declining performance of the companys fundamentalson the stock market. This degradation was caused by a failure in risk management, especially the unsystematicrisk. Many companies could not manage their debt policy, investment decision, earnings management,liquidity, and ownership structure that had implications for the risk. The objective of this research was toinvestigate the effect of stock return, inflation and ownersip stucture to investment risk of manufacturerindustries in 2003-2009. Population of this research was manufacturing companies listed in BEI. The samplingmethod used in this research was purposive sampling and the results were 126 companies based on thecriteria of the sample. Polling data method and judgment sampling were used to collect the data and two stageleast squares (2 SLS) were as the analysis method. Based on the hypothesis test, it could be summarized that allpredictors had a significant effect simultaneously. Result of the 1st model showed that only investment andprofitability effect to stock return partially ; 2nd model, SBI, KURS, and M2 had an effect to the inflationpartially; 3rd model was only dividend payout ratio and debt to equity ratio effected to ownership structurepartially ; 4th model showed that only return variable significantly influenced to investment risk partially

Page 26 of 79 | Total Record : 784

24 25 26 27 28

Filter by Year

2000 2023

Filter By Issues

All Issue Vol 27, No 3 (2023): July 2023 Vol 27, No 2 (2023): April 2023 Vol 27, No 1 (2023): January 2023 Vol 26, No 4 (2022): OCTOBER 2022 Vol 26, No 3 (2022): JULY 2022 Vol 26, No 2 (2022): APRIL 2022 Vol 26, No 1 (2022): January 2022 Vol 25, No 4 (2021): October 2021 Vol 25, No 3 (2021): Juli 2021 Vol 25, No 2 (2021): April 2021 Vol 25, No 1 (2021): January 2021 Vol 24, No 4 (2020): October 2020 Vol 24, No 3 (2020): July 2020 Vol 24, No 2 (2020): April 2020 Vol 24, No 1 (2020): January 2020 Vol 23, No 4 (2019): October 2019 Vol 23, No 3 (2019): July 2019 Vol 23, No 2 (2019): April 2019 Vol 23, No 1 (2019): January 2019 Vol 22, No 4 (2018): October 2018 Vol 22, No 3 (2018): July 2018 Vol 22, No 2 (2018): April 2018 Vol 22, No 1 (2018): January 2018 Vol 21, No 4 (2017): October 2017 Vol 21, No 3 (2017): July 2017 Vol 21, No 2 (2017): April 2017 Vol 21, No 1 (2017): January 2017 Vol 20, No 3 (2016): September 2016 Vol 20, No 2 (2016): May 2016 Vol 20, No 2 (2016): Jurnal Keuangan dan Perbankan Mei 2016 Vol 20, No 1 (2016): January 2016 Vol 19, No 3 (2015): September 2015 Vol 19, No 3 (2015): September 2015 Vol 19, No 2 (2015): May 2015 Vol 19, No 1 (2015): January 2015 Vol 18, No 3 (2014): September 2014 Vol 18, No 2 (2014): May 2014 Vol 18, No 1 (2014): January 2014 Vol 17, No 3 (2013): September 2013 Vol 17, No 2 (2013): May 2013 Vol 17, No 1 (2013): January 2013 Vol 16, No 3 (2012): September 2012 Vol 16, No 2 (2012): May 2012 Vol 16, No 1 (2012): January 2012 Vol 15, No 3 (2011): September 2011 Vol 15, No 2 (2011): May 2011 Vol 15, No 1 (2011): January 2011 Vol 14, No 3 (2010): September 2010 Vol 14, No 2 (2010): May 2010 Vol 14, No 1 (2010): January 2010 Vol 13, No 3 (2009): September 2009 Vol 13, No 2 (2009): May 2009 Vol 13, No 1 (2009): January 2009 Vol 12, No 3 (2008): September 2008 Vol 12, No 2 (2008): May 2008 Vol 12, No 1 (2008): January 2008 Vol 1, No 1 (2000) More Issue

Home Page

OAI Link

Editorial Team

Contact

Reviewer

Google Scholar

Contact Name
-

Contact Email
-

Phone
-

Journal Mail Official
-

Editorial Address
-

Location
Kota malang,

Jawa timur

INDONESIA

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Home Page

OAI Link

Editorial Team

Contact

Reviewer

Google Scholar

Contact Name -

Contact Email -

Phone -

Journal Mail Official -

Editorial Address -

Location Kota malang, Jawa timur INDONESIA

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Contact Name
-

Contact Email
-

Phone
-

Journal Mail Official
-

Editorial Address
-

Location
Kota malang,

Jawa timur

INDONESIA