cover
Article Per Year (5 Year)
All
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
Jurnal Keuangan dan Perbankan
Published by Universitas Merdeka Malang
ISSN : -     EISSN : -     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
Arjuna Subject : -
Articles 784 Documents
 61   62   63   64   65 
The background of board, compensation, leverage, and fixed asset revaluation decision Fanani, Zaenal; Kamelia, Arika
Jurnal Keuangan dan Perbankan Vol 24, No 3 (2020): July 2020
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jkdp.v24i3.4220

Abstract

This research aims to obtain empirical evidence in Indonesia whether it is true that companies with boards of commissioners and directors with political, accounting, military background, and the amount of compensation received will affect the selection of revaluation methods to measure their fixed assets that revaluation is commonly used to facilitate the company in obtaining additional loan funds and attract investors to invest. This can occur because in the revaluation method, the company's fixed assets are presented under fair conditions. In addition, this study also wants to test whether a company with high debt levels will tend to revalue its fixed assets measured by the leverage of the company. This research used the entire company population in all types of industries listed on the IDX for the period 2016. The final sample used in this research was 458 using logistic regression analysis. In this research, it is found that political background and accounting background has no positive effect, military background had positive effect, and compensation and leverage had no negative effect on the asset revaluation decision remains. JEL Classification: M48, D72, G32DOI: https://doi.org/10.26905/jkdp.v24i3.4220
Sustainable and responsible investment portfolio performance analysis in Indonesia Stock Exchange Natasha Angelica; Cynthia Afriani Utama
Jurnal Keuangan dan Perbankan Vol 24, No 3 (2020): July 2020
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jkdp.v24i3.4338

Abstract

This study is intended for knowing the Sustainable and Responsible Investment (SRI) stock portfolio performance in the Indonesia Stock Exchange (IDX). SRI is a concept where the investor is not only considering financial performance, but also non-financial aspects in the company such as Environmental, Social, and Governance (ESG). The main objective of this study is to compare the performance of the SRI portfolio with the performance of comparable portfolios. Is the performance of the SRI portfolio in IDX better than conventional portfolio and Islamic portfolio? To answer this question, the SRI portfolio will be formed from SRI-KEHATI Index (SRI), a conventional portfolio will be formed from the LQ45 index, and the Islamic portfolio will be formed from Jakarta Islamic Index (JII). The performances of those three portfolios will be compared based on alpha value, Sharpe Ratio, Treynor Ratio, and Sortino Ratio. This study result shows that the SRI portfolio performance in IDX is better than the conventional portfolio and Islamic portfolio. That performance occurs because the average of SRI portfolio excess return has positive value during the study period. JEL Classification: F64, G11, G32DOI: https://doi.org/10.26905/jkdp.v24i3.4338
Investor attention and return reversal in sneakers resale market Deliana Deliana; Irwan Adi Ekaputra
Jurnal Keuangan dan Perbankan Vol 24, No 3 (2020): July 2020
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jkdp.v24i3.4434

Abstract

Sneakers, traditionally refer to rubber-soled shoes, are worth more than just footwear nowadays. Resellers believe that sneakers may be considered an investment-grade item due to the profit they booked in recent years. To the best of our knowledge, no former research has investigated the sneakers' resale market behavior specifically. Considering the global sneakers resale market's growth, we aim to analyze investor attention's association with sneakers' return in the sneakers resale market. We use hand-collected sneakers data from StockX.com website and Google Search Volume Index (SVI) as the proxy of investor attention. Based on the system GMM dynamic panel data analysis using some best-seller sneakers as the sample, we conclude that an increase in investor attention tends to increase the sneakers' return as well. Furthermore, the GMM and Fama-Macbeth regression results robustly show short-term return reversals indicated by the negative impact of sneakers' return in the previous period to sneakers' return in the current period. The return reversal may indicate that sneakers' price and return are driven by attention-grabbing information rather than fundamental value.JEL Classification: G11, G14DOI: https://doi.org/10.26905/jkdp.v24i3.4434
The role of structural factors in real interest rate behaviour: A cross-country study Ariefianto, Moch. Doddy; Trinugroho, Irwan
Jurnal Keuangan dan Perbankan Vol 24, No 3 (2020): July 2020
Publisher : UNIVERSITY OF MERDEKA MALANG

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jkdp.v24i3.4777

Abstract

Real Interest Rate (RIR) has a profound impact on the well-functioning of any economy hence a good understanding of its behavior is a key policy element. Using a Keynesian framework, we model and empirically test the relationship of RIR to selected structural variables namely inequality, dependency, financial depth, and institutional set up. We employ a panel dataset comprised of 115 countries with annual frequency from the period 2000 to 2018. Considering the structure of the dataset and possible endogeneity in the model; System GMM is used to estimate regressions parameters. We found that inequality and dependency do not have a significant influence on RIR. Financial development contributes to improving efficiency while institutional set up has a quadratic relationship with RIR. The better institution first increases RIR; after passing a certain cut off; further institution development would improve efficiency. RIR is found to be significantly procyclical. Further elaboration on the model; also revealed two different global RIR regimes with 2008 as threshold. There is also a significant counter cycle impact of financial development: negative interaction effect with the business cycle. JEL Classification: C23, E43, E32, O43 DOI: https://doi.org/10.26905/jkdp.v24i3.4777
The impact of diversity and educational backgrounds of executive boards on Indonesian bank performance Putri, Arisma Solicha; Mandala, Eka; Harahap, Muhammad Farhan Hakim; Adinur, Reyhan Satria; Ahad, Sasi Waliyul; Hanggraeni, Dewi
Jurnal Keuangan dan Perbankan Vol 25, No 2 (2021): April 2021
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jkdp.v25i2.5154

Abstract

This study identifies and analyzes the relationship between the diversity of the board of directors and the president director's educational background on the bank's financial performance. Based on 38 samples of Indonesian banks that have been listed on the Indonesia Stock Exchange. This study examines the static and dynamic relationship between the framework, which controls for the specific effects of each of the factors being tested. The results of this study indicate a significant influence and direction of negative correlation between gender diversity and citizenship diversity on bank financial performance. This study also shows a significant influence and direction of a positive correlation between the president director with an economic or business education background on the bank's financial performance. This study also discusses several managerial implications for banking companies and recommendations for the government in relation to the regulation of the board of directors of banks in Indonesia. DOI : https://doi.org/10.26905/jkdp.v25i2.5154
The Determinants of Manufacturing Firms' Transfer Pricing Decisions in Indonesia Badingatus Solikhah; Deni Dwi Aryani; Anna Kania Widiatami
Jurnal Keuangan dan Perbankan Vol 25, No 1 (2021): January 2021
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jkdp.v25i1.5127

Abstract

The purpose of this study is to analyze the influence of tunneling incentives, corporate governance mechanisms, foreign operations, bonus mechanisms, and debt covenants toward transfer pricing. This study compares two proxies for transfer pricing variables: Related Party Transaction Asset and Liability (RPTAL) and Transfer Pricing Intensity (TPI). Manufacturing companies that have transactions with foreign related parties are employed in this study. The researchers purposively selected the Panel data from 24 companies in the period 2014 - 2018. There were 120 units analyzed using panel data regression. The research shows that transfer pricing practice via asset and liability transactions (RPTAL) and related parties receivables transaction is relatively high. The difference in the scope of measurement with the RPTAL and TPI causes differences n the study results in model 1 and model 2. Model 1 showed tunneling incentives, foreign operations, and debt covenants proved to have a significant positive effect. In model 2, it is found there is a positive association between tunneling incentives and transfer pricing.DOI: https://doi.org/10.26905/jkdp.v25i1.5127
Optimal Portfolio Formation with Combination of LQ45 Stocks and Corporate Bonds Soraya, Arditya
Jurnal Keuangan dan Perbankan Vol 25, No 4 (2021): October 2021
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jkdp.v25i4.6381

Abstract

The objective of investors to invest their money was to maximize return, although they were subject to constraints, primarily risk, so this study aims to provide an alternative to the formation of portfolios and corporate bonds to obtain optimal returns with acceptable risk. The alternative model is to combine Graham's stock selection model with the formation of an optimal portfolio model, namely the Markowitz model. The results of the selection using the Graham model of defensive investors and aggressive investors are 9 and 13 stocks, respectively, of the 45 stocks listed on the LQ45 index. From the selected stocks, the optimal portfolio is formed using the Markowitz model. The results show that the Markowitz model optimizing portfolio provides better performance (reward to variability ratio) than the LQ45 portfolio index with a yield difference of 13.68 – 20.24% per year. Furthermore, the selection of corporate bonds for the optimal portfolio resulted in 8 corporate bonds with a portion of each bond, and this portfolio can generate rates of 8.88% per annum.JEL: G10, G11, G12
Determinants of Net Interest Margin on Conventional Banking: Evidence in Indonesia Stock Exchange Lestari, Henny Setyo; Chintia, Helda; Akbar, Ilham Cahyo
Jurnal Keuangan dan Perbankan Vol 25, No 1 (2021): January 2021
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jkdp.v25i1.5102

Abstract

Net Interest Margin (NIM) is an important indicator in assessing the sustainability and health of the banking system. A bank that has a high NIM means that the bank has a greater opportunity to generate profits, power to resist the financial crisis, and provide welfare for parties who have an interest in the bank. This study aims to determine the factors that influence NIM. The sample used in this study is the banking industry listed on the Indonesia Stock Exchange (BEI) from 2015 to 2019. In this study the independent variables used are bank size, lending scale, credit risk, equity capital, loan to deposit ratio, management efficiency and inflation rate. The dependent variable in this study is NIM. The number of samples used was 37 conventional banks which were taken using purposive sampling method. By using multiple regression analysis with the General Least Square (GLS) approach method. The results of this study indicate that the bank size, credit risk, equity capital, loan to deposit ratio, management efficiency and inflation rate have an effect on NIM, while the lending scale has no effect on NIM. The results of this study are expected to be used by future researchers, bank managers, and investors in determining the factors that can affect the NIM at the Bank.DOI: https://doi.org/10.26905/jkdp.v25i1.5102 
Investor Sentiment, Market Volatility, and IPO Initial Returns Soeroto, Wisudanto Mas; Saputra, Sahdan; Arifin, Vanesa Aristanti; Hasina, Zahwaril; Putri, Tri Veny
Jurnal Keuangan dan Perbankan Vol 25, No 4 (2021): October 2021
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jkdp.v25i4.6119

Abstract

This research seeks to determine the impact of investor sentiment and market volatility on IPO initial return when an issuer conducts an Initial Public Offering (IPO). This research lasted ten years, from 2009 to 2020, with a total issuer of 237 conducting Initial Public Offerings (IPOs) on the Indonesia Stock Exchange. The total number of issuers conducting an initial public offering (IPO) met the purposive sampling criteria is 285. Multiple linear regression analysis, with control variables such as Gap of Days, Firm Age, IPO Size, and Firm Size, is used to determine the effect of Investor Sentiment and Market Volatility on IPO Initial Returns. The findings showed that Investor Sentiment and Market Volatility positively affected the IPO Initial Return during the study period. This research aims to increase investor awareness of the importance of IPO stock price, increasing the initial return in the future. In Indonesia, Otoritas Jasa Keuangan (OJK) plays a critical role in policies that facilitate Indonesian investors' monitoring of the volatility of stock price changes in the market.JEL: M2, M21
The Impact of Firm Size, Leverage, Firm Age, Media Visibility and Profitability on Sustainability Report Disclosure Maryana, Maryana; Carolina, Yenni
Jurnal Keuangan dan Perbankan Vol 25, No 1 (2021): January 2021
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jkdp.v25i1.4941

Abstract

This study aims to see the impact of firm size, leverage, firm age, media visibility, and industry affiliation on sustainability reporting disclosure as measured by the score of the GRI indicator. This study uses multiple linear regressions with E-views software. This study also utilizes pollution from firms that are admitted to the LQ 45 index listed on the BEI from 2014 to 2018. The research sample used was 18 purposive sampling method selected firms. The results of this study that have been processed simultaneously are that firm size, leverage, firm age, media visibility and profitability have a significant impact on SR disclosure. Partially, Firm Size and Media Visibility do not have a significant impact on SR disclosure. Leverage and Firm Age have a negative and significant impact on SR disclosure, while profitability has a positive and significant impact on SR disclosure.DOI: https://doi.org/10.26905/jkdp.v25i1.4941

Page 63 of 79 | Total Record : 784

 61   62   63   64   65 

Filter by Year

2000 2023


Reset
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