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Journal : Jurnal Siasat Bisnis

Diversifikasi korporasi dan biaya modal Katiya Nahda; Marwan Asri
Jurnal Siasat Bisnis Vol 21, No 2 (2017)
Publisher : Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jsb.vol21.iss2.art6

Abstract

Tujuan penelitian ini adalah menguji pengaruh diversifikasi usaha terhadap biaya modal dikaitkan dengan korelasi arus kas antar segmen serta tingkat kendala pendanaan yang dihadapi perusahaan. Model penelitian diuji dengan menggunakan sampel dari seluruh perusahaan di luar sektor keuangan yang terdaftar di Bursa Efek Indonesia periode 2010-2014 dengan metode Feasible Generalized Least Square (FGLS). Hasil penelitian menunjukkan diversifikasi usaha berpengaruh positif terhadap biaya modal secara keseluruhan. Namun, pengujian model secara parsial menunjukkan adanya perbedaan pengaruh diversifikasi terhadap biaya utang dan biaya ekuitas. Di satu sisi diversifikasi usaha menurunkan biaya utang, dan di sisi yang lain juga dapat meningkatkan biaya ekuitas. Temuan yang lain menunjukkan bahwa semakin rendah tingkat korelasi arus kas antar segmen usaha, semakin rendah biaya modal yang ditanggung perusahaan. Tingkat kendala pendanaan juga menunjukkan pengaruh signifikan dalam memoderasi hubungan diversifikasi usaha dengan biaya modal.
Finding presence of the God in investor’s heart: examining the link between religiosity and socially responsible investment Tegar Satya Putra; Marwan Asri
Jurnal Siasat Bisnis Vol 23, No 1 (2019)
Publisher : Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jsb.vol23.iss1.art2

Abstract

Socially Responsible Investment or ethical investment has grown significantly in various countries. This rising trend creates a big question mark in the head of investors and finance scholars as the concept of ethics and investment has not been widely discussed in the finance literature. The discussion mostly focuses on the demographic characteristics of socially responsible investors and there is only a handful of literature which discusses the within-person factors that influence an investor to invest in SRI. Based on those notions, this paper examines the relationship between investors’ religiosity with their decision-making process in SRI. Religiosity is chosen as the possible antecedent because religiosity has discussed widely in the business ethics literature as one major antecedent in an ethics-related construct. It is found that Religiosity does influence investors decision-making process indirectly through their decision frame.