Article Per Year (5 Year)
p-Index From 2019 - 2024
0.983
P-Index
This Author published in this journals
All Journal JURNAL BISNIS STRATEGI Jurnal Studi Manajemen Organisasi Diponegoro Journal of Management JEJAK Jurnal Pasar Modal dan Bisnis
Erman Denny Arfianto
Faculty Of Economic And Business, Diponegoro University,
Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice

Published : 46 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 46 Documents
Search

 1   2   3   4   5 
ANALISIS PENGARUH NPL, CAR, ROA, LDR DAN SIZE TERHADAP CKPN (Studi Kasus pada Bank Konvensional yang Tercatat di Bursa Efek Indonesia 2010-2014 ) Fitriana, Maretha Eka; Arfianto, Erman Denny
Diponegoro Journal of Management Volume 4, Nomor 4, Tahun 2015
Publisher : Faculty of Economics and Business Diponegoro University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (97.071 KB)

Abstract

Loan Loss Provision (CKPN) is important in the banking because CKPN can keep banking in remain likuid. The problems on the average CKPN in commercial banks during the 2010-2014 periode, CKPN value is always decreasing, but not in accordance with the provisions stipulated by Bank Indonesia. This study aimed to examine the effect of the Non-performing Loan, Capital Adequacy Ratio, Loan to Deposit Ratio, Size and Return On Asset against the Allowance for Impairment Loss Loan Provision Conventional Bank Listed in Indonesia Stock Exchangeperiod 2010-2014 so we can know why the CKPN value can not accordance with the provisions stipulated by Bank Indonesia.            The sampling technique that used in this research is purposive sampling method. The total sample in this research is 21 conventional bank. The analysis used multiple regression. The results of this study found that  NPL, CAR and ROA has significant and positive impact on CKPN, while the Size variable have no significant positive effect on CKPN and LDR have no significant negative effect on CKPN. Additionally obtained adjusted R -square value of 54.5 %. This means that for 45.5 % explained by other variables outside the model.
THE IMPACT OF CAPITAL ADEQUACY, EFFICIENCY, SIZE, EQUITY, LIQUIDITY AND FEE BASED INCOME TO BEHAVIOR OF FUNDING AND FINANCING OF ISLAMIC BANKING IN INDONESIA Adlina, Hannina; Arfianto, Erman Denny
Diponegoro Journal of Management Volume 5, Nomor 2, Tahun 2016
Publisher : Faculty of Economics and Business Diponegoro University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (137.503 KB)

Abstract

Bank as the financial intermediary institution take a role to facilitate the channeling between the parties who have excessive fund and distribute to the parties who need fund. This study aimed to see the implication of CAR, efficiency, size, equity, liquidity and fee based income to the behavior of funding and financing. This study used  Data Envelopment Analysis to measure efficiency value through intermediary approach and Multiple Regression Analysis. The samples are 11 Islamic Banks listed in Financial Service Authority database in years period January 2010 until December 2014. The result indicates that CAR has positive and significant impact to funding behavior, however some other determinants such as efficiency, asset, equity, liquidity and fee based income do not affect funding behavior. Meanwhile asset and liquidity has positive and significant impact to financing, equity has negative impact to financing, however other determinants such as CAR, efficiency and fee based income do not affect financing behavior.
ANALISIS PENGARUH STRUKTUR KEPEMILIKAN MANAJERIAL, GROWTH OPPORTUNITY DAN CASH FLOW TERHADAP TIPE PEMBIAYAAN AKUISISI (Studi Empiris pada Perusahaan yang Terdaftar di BEI yang Melakukan Akuisisi Periode Tahun 2009-2014) Afiffah, Dini Zahra; Arfianto, Erman Denny
Diponegoro Journal of Management Volume 4, Nomor 3, Tahun 2015
Publisher : Faculty of Economics and Business Diponegoro University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (233.676 KB)

Abstract

This study aimed to examine the effect of managerial ownership structure, growth opportunity, and cash flow on method of payment in Acquisition by bidder.  Sample of this study used bidding companies listed on Indonesia Stock Exchange during 2009-2014. The sampling technique used in this research is purposive sampling method covering 44  companies as samples.        Hypothesis testing is using multinomial logistic regression models which the dependent variabel in categories. The category from method of payment consisted of cash financing, debt financing, and equity financing. The analysis method used in this study is Multicoloniarity Test, Overall Model Fit, Goodness of Fit Test, Coefficient of Determination Pseudo R-Square and multinomial logistic regression Analysis.Based on the results using multinomial logistic regression analysis, managerial ownership structure and cash flow has negative effect and no significant on equity financing. Growth opportunity that measured with Tobin’sQ has positif effect on equity financing. 
ANALISIS HUBUNGAN SIMULTAN KEBIJAKAN INVESTASI, HUTANG & DIVIDEN PERUSAHAN (Studi Kasus Perusahaan Property & Real Estate yang Terdaftar di BEI Tahun 2011-2014) Efendi, Mochamad Yusuf; Arfianto, Erman Denny
Diponegoro Journal of Management Volume 5, Nomor 2, Tahun 2016
Publisher : Faculty of Economics and Business Diponegoro University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (179.874 KB)

Abstract

The purpose of this research is to analyze simultaneous relationship between the Investment Policy, Debt and Dividend of firms. The effect of Uncertainty and Sales Growth to Investment Policy, The effect of Asset Tangibility and Deficit Financing the Debt Policy and The effect of the Return On Asset (ROA) and Retained Earnings (RE) to the Dividend Policy of Property and Real Estate Firm listed on Indonesia Stock Exchange.Sample in this research were selected by using purposive sampling method with some criteria. The samples are 39 firm listed in Indonesia Stock Exchange 2011-2014 period. The statistic method that used in this research are descriptive analysis, classical assumption test (Normality test, Heteroscedasticity test, multicollinearity test, autocorrelarity test), simultaneous equation models analysis (Three Stage Least Squares), Hausman Test, hypothesis test (F-statistics Test, t-statistics test, and Coefficient of Determination Test).The results showed that The Investment Policy and Debt Policy have a negative and unrelated simultaneously, Investment Policy and Dividend Policy have a negative and unrelated simultaneously, Debt Policy and Dividend Policy have a negative and related simultaneously. Uncertainties have a negative and not significant to Investment Policy and Sales Growth have a positive and not significant to Investment Policy, Asset Tangibility have a positive and not significant to Debt Policy and Deficit Financing have a negative and significant to Debt Policy, Return on Assets (ROA) have a positive and significant to Dividend Policy and Retained Earnings (RE) have a positive and no significant to Dividend Policy.
PENGARUH COINCIDENT ECONOMIC INDICATOR DAN LEADING ECONOMIC INDICATOR TERHADAP RETURN SAHAM (Studi terhadap Indeks Harga Saham Gabungan di Bursa Efek Indonesia periode 2003-2011) Sumartini, Ade; Denny, Erman
Diponegoro Journal of Management Volume 1, Nomor 4, Tahun 2012
Publisher : Faculty of Economics and Business Diponegoro University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (321.725 KB)

Abstract

The research looked at the influence of Coincident Economic Index and Leading Economic Index besed on Business cycle theory for the period of JCI stock returns from 2003 to 2011. The variables used are issued by the Danareksa Institute variables to form the Coincident Economic Index (CEI) and the Leading Economic Index (LEI). Coincident Economic Index is used to determine a country's current economic conditions and the Leading Economic Index is used to predict economic conditions in the future. CEI variables used are retail sales, consumption of cement, the money supply and car sales. While the LEI variable used was the arrival of foreign tourists, exports and consumer price index. This research using multiple regression with SPSS program.
PENGARUH LIKUIDITAS, LEVERAGE, EFISIENSI OPERASI, DIVIDEND PAYPUT RATIO, PROFITABILITAS DAN UKURAN PERUSAHAAN TERHADAP RISIKO SISTEMATIS DAN NON-SISTEMATIS (Studi pada Perusahaan Non-Keuangan Indeks LQ45 Periode 2012-2016) Januardi, Nana Varian; Arfianto, Erman Denny
Diponegoro Journal of Management Volume 6, Nomor 3, Tahun 2017
Publisher : Faculty of Economics and Business Diponegoro University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (258.177 KB)

Abstract

             Risk is a very important part in investment decision. Therefore, any factors that explain the risk dynamics need further research. There are 2 types of investment risk, systematic risk and non-systematic risk. Liquidity, leverage, operating efficiency, dividend payout ratio, profitability, and company size are financial variables that expected to be a determinants of systematic and non-systematic risks.             The objective of this research is to understand the relationship between liquidity, leverage, operating efficiency, dividend payout ratio, profitability, and company size with systematic and non-systematic risks in Indonesia capital markets. This research was done by observing non-finance companies indexed in LQ45 2016 between 2012 to 2016 (5 years).             The result shows that liquidity has a  negative and significant effect towards systematic and non-systematic risks. Profitability carries negative and significant effect towards systematic risk, operating efficiency and company size carries negative and significant effect towards non-systematic risk.
ANALISIS PERILAKU HERDING BERDASARKAN TIPE INVESTOR DALAM KEPEMILIKAN SAHAM (Studi Kasus pada Saham LQ-45 Periode Januari 2009-Juni 2014) Tristantyo, Rajendra Wishnu; Arfianto, Erman Denny
Diponegoro Journal of Management Volume 3, Nomor 4, Tahun 2014
Publisher : Faculty of Economics and Business Diponegoro University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (266.986 KB)

Abstract

This research will analyze herding behavior based on the types of investors in Indonesian capital market 2009-2014. Investors are not only using the estimate of the prospects of investment instruments, but psychological factors also determine the investment. The presence of psychological factors can affect investment and results to be achieved. Analysis by type investor, time effect herding, impact of the transmission investor, and how behavior relation ships a cross investor.This research using method of Vector Autoregression (VAR), shares volume by using a sample of companies which listed on the stock index LQ-45 month period January 2009 to June 2014. The reason using LQ-45 index because the share of liquidity, market capitalization high, has a high-frequency trading. In this VAR Analysis model there are four method that had selected which are: VAR analysis, impulse respond function (IRF), Variance Decomposition, and Granger causality test.The results of VAR analysis shows that impact of herding behavior that issignificantly affected by a fellow investor. IRF showed a response to average shock occurred during first month, variance decomposition results show impact of behavior fellow investors responded only type of investor. Granger causality show that there is a causal relationship between type investors of foreign institutional to domestic individual, domestic institutional to foreign institutional, and domestic institutional to domestic individual relationship is going in one direction. The results four analyzes can explain existence of herding behavior in Indonesian capital market, although the effect only on a fellow investor type.
ANALISIS PENGARUH STRUKTUR KEPEMILIKAN TERHADAP MANAJEMEN LABA (STUDI KASUS PADA PERUSAHAAN PERTAMBANGAN DI BEI PERIODE 2008-2013) Prasetyo, Rifky; Arfianto, Erman Denny
Diponegoro Journal of Management Volume 5, Nomor 2, Tahun 2016
Publisher : Faculty of Economics and Business Diponegoro University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (138.321 KB)

Abstract

Corporate value is very important especially for those companies go public. Corporate value can be reflected through the stock market price. The higher the price the higher the stock market value of the company. In the long term, the company's goal is to optimize company’s value. Based on previous research, there is research gap on what factors that affecting corporate value at the corporate minning. The aim of this study was to analyze factors affecting company’s value at a mining company listed on the Indonesia Stock Exchange in 2009-2014.The study population was all financial data of companies listed on the Indonesia Stock Exchange in 2009-2014. The sampling method used in this research is purposive sampling method. The sample used in this study is a mining company listed on the Indonesia Stock Exchange in 2009-2014. The analysis technique used is multiple linear regression analysis.Based on the results ROA and DER positively influence company’s value while NPM, DPR and firm size does not affect company’s value. Based Adjusted R Square, the coefficient of determination of this study is 0.231, this means that the variations in company’s value can be explained by the independent variable by 23.1%.
THE DETERMINANT OF FINANCIAL HEALTH ON SHARIA LIFE INSURANCE COMPANY (Empirical Research on Sharia Life Insurance Company in Indonesia Period 2010-2015) Primayanti, Asih; Arfianto, Erman Denny
Diponegoro Journal of Management Volume 5, Nomor 3, Tahun 2016
Publisher : Faculty of Economics and Business Diponegoro University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (190.363 KB)

Abstract

Financial health is a term used to describe the state of one's personal or company financial situation. Considering the many factors that affect the level of health of the company, this research will develop research to analyze the effect of Firm Size (siz), Investment Performance (IP), Liquidity Ratio (LR), Incurred Loss Ratio (ILR) on Financial Health of Sharia Insurance company. The purpose of this study was to determine and analyze the factors that affect the Financial Health of Sharia Life Insurance Company in Indonesia the period 2010 to 2015.The Financial Health measured by two methods, namely by Altman Zscore and the second with a Risk Based Capital (RBC) with Firm Size (siz), Investment Performance (IP), Liquidity Ratio (LR), Incurred Loss Ratio (ILR) as independent variables . Samples used in this study as many as 14 Sharia Life Insurance, where the method used is purposive sampling is a sampling method that takes an object with certain criteria and using cross section data, where every year the amount of data taken is not same. Analysis of data using multiple regression analysis.The results of data analysis or regression results indicate that simultaneous Firm Size (siz), Investment Performance (IP), Liquidity Ratio (LR), and Incurred Loss Ratio (ILR) affects Financial Health (Z) and Financial Health (RBC). While partially produced different results, which is only variable Investment Performance (IP) which partially affects Financial Health (Z), but on the Financial Health (RBC), Investment Performance (IP), Liquidity Ratio (LR), Incurred Loss Ratio ( ILR) partially affect the Financial Health (RBC). The magnitude of the coefficient of determination (adjusted R-square) Financial Health (Z) is equal to 0.376. This means that 37.6% dependent variable, namely the Financial Health 1 (Z) can be explained by four independent variables, ie variables Firm Size (siz), Investment Performance (IP), Liquidity Ratio (LR), Incurred Loss Ratio (ILR) while the remaining 62.4% level Financial Health (Z) is explained by variables or other causes beyond the model. Then, magnitude of the coefficient of determination (adjusted R-square) Financial Health (RBC) is approximately 0.567. This means that 56.7% dependent variable 2, namely the Financial Health (RBC) can be explained by four independent variables are variables Firm Size (siz), Investment Performance (IP), Liquidity Ratio (LR), Incurred Loss Ratio (ILR) while the remaining 43.3% Financial Health (RBC) is explained by variables or other causes beyond the model.
ANALISIS PENGARUH MOMENTUM, TRADING VOLUME DAN SIZE TERHADAP DISPOSITION EFFECT DAN RETURN APLIKASI CROSS SECTIONAL REGRESSION (Studi pada Indeks Saham Kompas 100 Tahun 2012-2015) Maharani, Ema; Arfianto, Erman Denny
Diponegoro Journal of Management Volume 6, Nomor 1, Tahun 2017
Publisher : Faculty of Economics and Business Diponegoro University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (456.763 KB)

Abstract

Momentum and disposition effect in modern stock markets are distractions against the Efficient Market Hypothesis. The effect might be elaborated by disposition effect model in which momentum is explored through behavioral bias. The aim of this research was to analyze the propensity of previously winning-stock to perform better than losing-stock as a strategy of momentum attributable to disposition effect. The study case incorporated Stock Index of Kompas 100 in Indonesia Stock Exchange during the period of 2012–2015 by employing cross sectional regression.Weekly stock data from 79 companies were taken as sample--comprising of volume and outstanding share. The variables consist of momentum in the sort-term, medium-term, and long term; consecutively taken from past-return week-1, past-return week 5 to 52, past return week 52 to 156. Additionally, to examine the size, trading volume variables were used consisting of average trading volume in the sort-term, medium-term, and long term; consecutively taken from week 1 to 4, 5 to 52, and 53 to 156.Capital gains overhang were used as a proxy of disposition effect. The results revealed that momentum exists on Indonesia Stock Exchange; furthermore, capital gains overhang is sufficient to be a proxy of disposition effect. In other words, disposition effect is driven by momentum. Up to the point od this study, Indeks Stock Kompas 100 has experienced a capital losses; implicating an inclination to remain perform satisfactorily ahead.
Co-Authors Ade Sumartini Adhitya Dasha Syafrizaliadhi, Adhitya Dasha Aisyah Oktasari Dian Pertiwi, Aisyah Oktasari Alda Aspasia, Donna Bella Antin Azizah Ali, Antin Asih Primayanti, Asih Axel Giovanni Bintang Bramantya, Bintang Dewi, Katri Septiana Diajeng Sarsa Putranto Dini Zahra Afiffah, Dini Zahra Ervina Sutanto, Ervina Hannina Adlina, Hannina Hidayat, Dicky Permana I Made Bayu Dirgantara Ivan Irawan Izza Fityani, Izza Januardi, Nana Varian Jayendati, Rabita Asri Kartiko Aji, Hapsoro Kusuma, Carissa Lumbanradja, Ramos Luthfi Hartanto, Luthfi Maharani, Ema Maretha Eka Fitriana, Maretha Eka Medikatama Hestiyani, Medikatama Mirwan Surya Perdhana Mochamad Husin Rahman, Mochamad Husin Mochamad Yusuf Efendi, Mochamad Yusuf Nicolaus Gerry Christiawan Nicolaus Gerry Christiawan Novan Reza Pahlevi, Novan Nur Syahid, Nur Nurita Kusumastuti, Nurita Rajendra Wishnu Tristantyo, Rajendra Wishnu Rifky Prasetyo, Rifky Rifqi, Ammar Rizal Hari Magnadi Rizqiyana, Amaliya Romo Putra Mada, Romo Putra Sembiring, Vijai Steven Adriel Antonia, Steven Tri Endrawati, Melati Wahyu Ulfah, Firda Huwaida Winda Safitri Pramusinta, Winda Safitri Zulfikar, Reno