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ANALISIS FAKTOR KEUANGAN DAN NON KEUANGAN YANG MEMPENGARUHI PREDIKSI PERINGKAT OBLIGASI SYARIAH (STUDI EMPIRIS PADA PERUSAHAAN PENERBIT OBLIGASI SYARIAH YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2010-2012) Arisanti, Ike; Fadah, Isti; Puspitasari, Novi
JURNAL EKONOMI AKUNTANSI DAN MANAJEMEN Vol 13, No 2 (2014)
Publisher : Universitas Jember

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This study purposes to analyze the influence of financial and non financial factors to prediction of the rating Islamic bond in indonesia. The study used independent variable,that is financial factor (growth, size, profit sharing/fee, liquidity) and non financial factor ( secure and maturity) and dependent variable that is the rating of Islamic bond. This study applied logistic regresion analysis with sample collection methods using purposive sampling. After selecting fixed criterias, there were 25 Islamic bonds chosen with the numbers of 75 investigation from periods of 2010-2012. The result of this study showed that significantly effect the variable growth (X1) , size(X2), profit sharing/ fee (X3), liquidity (X4), secure (X5), maturity (X6) simultaneously to the rating prediction of Islamic bond in indonesia. Partially, variable variables of growth (X1) , size (X2), profit sharing/ fee (X3) which referred not significant affecting to the rating prediction of Islamic bond in indonesia. Meanwhile, variables of liquidity (X4), secure (X5), maturity ( X6) referred significant affecting to the rating prediction of Islamic bond in indonesia. Key word: slamic Bond rating, financial and non financialfactors, purposive sampling and logistic regression analysis.
ANALISIS KELAYAKAN FINANSIAL DAN LINGKUNGAN INDUSTRI TERHADAP PEMBANGUNAN SARANA RETEST, REPAIR DAN REPAINT TABUNG GAS LPG 3KG (STUDI KASUS PT MK TABANAN, BALI) Utomo, Slamet Sucahyo; Fadah, Isti; Puspitasari, Novi
JURNAL EKONOMI AKUNTANSI DAN MANAJEMEN Vol 13, No 1 (2014)
Publisher : Universitas Jember

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High level of confidence required in an investment planning. This is an important according to the accuracy of the strategic policy choices before an investment project to be executed. Appropriate recommendations are derived from the financial assessment (quantitative) and non-financial (qualitative) are expected to provide appropriate recommendations to the investment plan. This study was conducted to determine the feasibility of construction of infrastructure investment retest, repair and repaint 3kg LPG gas cylinders in terms of the financial aspects of investment models approach the Net Present Value (NPV), (2) Internal Rate of Return (IRR), (3) Payback Period (PP), (4) Profitability Index (PI) and non-financial aspects of the environmental analysis of the industry using Porters 5 Forces approach Keywords: Project Investment, NPV, IRR, PP, PI, Porter 5 Forces
ANALISIS PENGARUH FAKTOR INTERNAL EMITEN TERHADAP BAGI HASIL INVESTOR PADA OBLIGASI SYARIAH MUDHARABAH DI INDONESIA Rahayu, Sri; Fadah, Isti; Puspitasari, Novi
JURNAL EKONOMI AKUNTANSI DAN MANAJEMEN Vol 12, No 1 (2013)
Publisher : Universitas Jember

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This study aims to analyze the influence of internal factors of emitens that affect the investors profit-sharing to the mudharabah islamic bond in Indonesia. This study used an independent variable in the form of internal factors (debt ratio, current ratio, ROA and ROE) and the dependent variable in the form of profit-sharing mudharabah islamic bond investors. This research is using multiple linear regression analysis and using purposive sampling as the sampling method. The results showed that significantly affect the variable debt ratio (X1), current ratio (X2), ROA (X3) and ROE (X4) simultaneously to the profit-sharing mudharabah islamic bond investors. Partially, variable followed by current ratio, ROA, and ROE which significantly affect the results of profit-sharing mudharabah islamic bond investors in Indonesia. Keywords: Mudharabah Islamic bond of profit-sharing, financial ratios, purposive sampling and multiple linier regression analysis.
ANALISIS PERBANDINGAN KINERJA KEUANGAN BANK KONVENSIONAL DAN BANK SYARIAH Putri, Yudiana Febrita; Fadah, Isti; Endhiarto, Tatok
JURNAL EKONOMI AKUNTANSI DAN MANAJEMEN Vol 14, No 1 (2015)
Publisher : Universitas Jember

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Penelitian ini bertujuan untuk menganalisis perbandingan kinerja keuangan Bank Konvensional dan Bank Syariah. Metode pengambilan sampel yang digunakan yaitu teknik purposive sampling artinya memilih sampel dilakukan dengan kriteria tertentu. Sampel dalam penelitian ini berdasarkan kriteria adalah empat bank untuk Bank Konvensional (PT BRI, Tbk, PT Mandiri, Tbk, PT BTN, Tbk, PT BNI, Tbk) dan lima bank untuk Bank Syariah (PT Bank BRI Syariah, PT Bank Syariah Mandiri, PT Bank Muamalat Indonesia, Tbk, PT Bank Syariah Bukopin, PT Bank Mega Syariah). Penelitian ini menggunakan rasio keuangan berupa Loan to Deposit Ratio (LDR), Return On Equity (ROE), Return On Asset (ROA), Capital Adequacy Ratio (CAR), Non Performing Loan (NPL), Biaya Operasional Pendapatan Operasional (BOPO). Penelitian ini menggunakan uji hipotesis Independent Sample t-Test. Hasil penelitian menunjukkan bahwa Bank Konvensional dan Bank Syariah terdapat perbedaan yang signifikan pada rasio LDR, ROA, CAR, BOPO. Sedangkan pada rasio ROE dan NPL tidak terdapat perbedaan yang signifikan antara Bank Konfensional dan Bank Syariah. Kata Kunci: Capital Adequacy Ratio, kinerja keuangan, Loan to Deposit Ratio, Non Performing Loan, dan  Return On Equity.
PENGARUH KEPEMIMPINAN, LINGKUNGAN KERJA, DAN REWARD TERHADAP KINERJA PEGAWAI DI PERUM PEGADAIAN CABANG BESUKI Agustyantono, Galang; Fadah, Isti; Titisari, Purnamie
BISMA: Jurnal Bisnis dan Manajemen Vol 10 No 1 (2016)
Publisher : Jurusan Manajemen Fakultas Ekonomi dan Bisnis

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Abstract: This study is aimed to analyze the effect of leadership, work environment,and reward on the employee’s performance at Perum Pegadaian Besuki. The population was all employees of Perum Pegadaian Besuki. The samples were consisted of32 respondents. Multiple linear regression was employed as the method of analysis. The results show that leadership has positive and significant effecton employee performance, work environment has positive and significant effect on employee performance, reward has positive and significant effect on employee performance,and leadership, work environment, and reward have positive and significant effect on employee performance of Perum Pegadaian Besuki. Keywords: Leadership, Work Environment, Reward, and Employee’s Performance
EVALUASI KELAYAKAN YANG MEMPERTIMBANGKAN KETIDAKPASTIAN PADA INVESTASI MESIN PRODUKSI BOTOL PADA PT. SPT JEMBER Putra, Mohamad Hengki Riaran; Fadah, Isti; Sukarno, Hari
BISMA: Jurnal Bisnis dan Manajemen Vol 10 No 1 (2016)
Publisher : Jurusan Manajemen Fakultas Ekonomi dan Bisnis

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Abstract: This study examines the feasibility of the investment plan. The data used were primary data that consisted of the data of investment planning and cash flow estimation data for the upcoming period, and secondary data generated from the company's financial data. Investment valuation methods used are the discounted payback period, net present value (NPV), internal rate of return (IRR), modified rate of return (MIRR), profitability index (PI), and transfer pricing. Results of analysis show that the discounted payback period is less than 3 years, NPV is Rp. 441.032.525, IRR is 56.2%, MIRR is 47.9%, PI is 1.7, and the cost calculation of company’s own production and price transfers shows that the company’s own production (investment in new machines) is more profitable. According to the project acceptance criteria, the results of the analysis indicate that the investment plan of PTSPT is feasible. Keywords: Investment,Uncertainty, Payback Period, NPV, IRR, MIRR, and PI
PENGARUH KOMPETENSI SUMBER DAYA MANUSIA DAN PEMANFAATAN TEKNOLOGI INFORMASI TERHADAP KUALITAS LAPORAN KEUANGAN MELALUI PENGELOLAAN BARANG MILIK DAERAH Wahyuni, Sri; Fadah, Isti; Tobing, Diana Sulianti
BISMA: Jurnal Bisnis dan Manajemen Vol 12 No 1 (2018)
Publisher : Jurusan Manajemen Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19184/bisma.v12i1.7602

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Abstract: The purpose of this study is to analyze the influence of human resource competency and utilization of information technology on the financial statement quality mediated by the local property management in the Government of Bondowoso Regency. This is a quantitative research with the population consists of all property administrators, operators of Local Management Information System (SIMDA)/financial report makers, and Financial Administration Officials (PPK). Sampling method used is saturated sampling (census). Data used were collected from questionnaires distribution and analyzed using Structural Equation Modeling (SEM). Results of the research prove that human resource competency affects local property management and financial statement quality, while utilization of information technology only affects financial statement quality, but it has no effect on local property management. In addition, local property management affects financial statement quality. These mean that local property management partially mediates the influence of human resource competency on financial statement quality, but it does not mediate the influence of utilization of information technology on financial statement quality. Keywords: Human Resource Competency, Utilization of Information Technology, Management of Local Property, and Quality of Financial Statement.
ANALISIS RASIO-RASIO KEUANGAN SEBAGAI DASAR PENILAIAN TERHADAP KINERJA KEUANGAN PERUSAHAAN PADA INDUSTRI BARANG KONSUMSI YANG LISTED DI BURSA EFEK JAKARTA Fadah, Isti; Apriono, Markus; Shodiqin, M
Jurnal Ekonomi Modernisasi Vol. 1 No. 1 (2005): Februari
Publisher : Fakultas Ekonomika dan Bisnis, Universitas Kanjuruhan Malang

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Penelitian ini mempunyai tujuan untuk mengetahui rasio-rasio keuangan yang dapat digunakan dalam mengklasifikasi perusahaan yang berkinerja keuangan baik dan tidak baik, serta mengetahui rasio-rasio keuangan yang dominan dalam membedakan kinerja keuangan perusahaan pada industri barang konsumsi yang listed di Bursa Efek Jakarta. Jumlah populasi dalam penelitian ini 43 perusahaan, sedangkan sampel yang diambil sebanyak 27 perusahaan dengan metode purposive sampling berdasarkan kriteria rata-rata Price Earning Ratio (PER), Dari 27 sampel perusahaan  perusahaan berkinerja keuangan baik sebanyak 12 perusahaan dan perusahaan berkinerja keuangan tidak baik sebanyak 15 perusahaan,. Data yang dianalisis berupa rasio keuangan selama tahun 1999-2002. Hasil analisis menunjukkan bahwa rasio keuangan yang telah dirumuskan dapat menjelaskan secara nyata atas terjadinya perbedaan kelompok perusahaan yang berkinerja keuangan baik dan tidak baik. Dari kedelapan belas rasio yang terpilih secara Discriminant Simultaneous Methode tersebut, net profit margin merupakan rasio keuangan yang paling dominan sebagai pembeda dalam pengelompokan perusahaan yang berkinerja keuangan baik dan tidak baik yaitu sebesar 4,378. Sedangkan secara Discriminant Stepwise Methode, yang paling dominan adalah total debt to total capital assets yaitu sebesar 2,833.
Short Term and Long Term Performance of IPOs: Comparison Between CARs and BHARs Anggraeni Putri Manikam; Tatang Ary Gumanti; Isti Fadah
Jurnal Manajemen dan Usahawan Indonesia Vol 42, No 3 (2013): Jurnal Manajemen Usahawan Indonesia
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Indonesia

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Para investor umumnya mengharapkan keuntungan yang setinggi-tingginya darimodal yang diinvestasikan, baik jangka pendek maupun jangka panjang. Namun, adateori yang mengungkapkan adanya perbedaan antara apa yang diharapkan investordengan kondisi riil yang terjadi di pasar modal. Sejumlah studi mengungkapkanperbedaan hasil kinerja pengembalian jangka panjang perusahaan yang sudah gopublic dengan menggunakan metode yang berbeda. Ada 2 metode yang digunakanuntuk mengukur kinerja pengembalian jangka panjang perusahaan, yaitu CumulativeAbnormal Returns (CARs) dan Buy-and-Hold Abnormal returns (BHARs). Penelitian inimemiliki dua tujuan. Tujuan pertama adalah menganalisis kinerja pengembalian jangkapanjang perusahaan yang melakukan penawaran umum perdana (IPO) di Bursa EfekIndonesia. Tujuan kedua adalah mengkaji apakah terdapat perbedaan hasil kinerjapengembalian jangka panjang setelah IPO dengan menggunakan dua metode yangberbeda, yaitu CARs dan BHARs di Bursa Efek Indonesia. Penelitian ini dilakukanterhadap 53 perusahaan yang melakukan IPO antara tahun 2005 dan 2009. Penelitianini menggunakan uji t untuk uji beda rata-rata yang dikombinasikan dengan ujiWilcoxon untuk uji beda median. Sampel dipisahkan ke dalam tiga kelompok berdasarkanukuran perusahaan (firm size) dan book to market ratio. Hasil penelitian menunjukkanbahwa IPO mengalami kinerja kurang baik (underperform) dalam periode jangkapanjang. Temuan ini menegaskan hasil yang dilaporkan dalam studi sebelumnya.Kelompok ukuran perusahaan dan book to market ratio berbasis CARs dan BHARsmemiliki pola hasil yang sama. Perbandingan menggunakan CARs dan pengukuranBHARs mengungkapkan bahwa mean dan median CARs sebagian besar lebih tinggidari BHARs. Studi ini menghasilkan kesimpulan bahwa CARs lebih tinggi daripadaBHARs dalam mengukur kinerja jangka panjang perusahaan yang melakukan IPO.
FAKTOR PENENTU DIVIDEN DAN BIAYA KEAGENAN SERTA PENGARUHNYA PADA NILAI PERUSAHAAN Isti Fadah
Jurnal Keuangan dan Perbankan Vol 14, No 3 (2010): September 2010
Publisher : University of Merdeka Malang

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The goals of the research were to know about ownership structure, cash dividend policy and agency cost, toknow the effect of ownership structure, risk and free cash flow to cash dividend and agency cost and to knowthe effect of cash dividend and agency cost to corporate value in Indonesian Stock Exchange. To find thebest measurement of latent variable used was confirmatory analysis. To test causality relationship, it usedstructural equation model. The result of confirmatory analysis showed that the best measurement of cashdividend policy variable was dividend payout ratio while for agency cost was selling and general administrativeratio. Before millennium era, risk had a significant effect to cash dividend. Risk had a significanteffect to agency cost and a significant effect to firm value. In Millennium era, risk had a significant effectto cash dividend. Risk had a significant effect to agency cost and cash dividend had a significant effect tofirm value. The test result on two different time horizons had a consistency result. It could be seen on test ofgoodness of fit and path analysis gave a consistent result.