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PENGARUH FINANCIAL DISTRESS, LIQUIDITY RATIO, DAN FIRM SIZE TERHADAP PENERAPAN HEDGING Wiranda, Nadya Ade; Rahim, Rida
Menara Ilmu Vol 14, No 2 (2020): VOL. XIV NO. 2 APRIL 2020
Publisher : LPPM Universitas Muhammadiyah Sumatera Barat

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31869/mi.v14i2.1887

Abstract

This research was conducted aiming to find out the factors that influence the use of derivative instruments in the application of hedging policies in manufacturing companies in the Indonesia Stock Exchange for the period 2015 to 2018. Independent variables in this study include financial distress, liquidity ratio, and firm size, while hedging is used as the dependent variable. This research using purposive sampling technique and 103 companies are used as research samples. The data analysis used in this study is logistic regression, where the results obtained, liquidity ratios have a significant and negative effect then financial distress and size variables have a significant effect and are positive. Keywords : hedging, instrument derivatives, financial distress, liquidity ratio, size
Pengembangan Model Sentra Industri Kreatif Motif Kerajinan Minang melalui Adaptability IKM, Inovasi, Kewirausahaan dan Keunggulan Kompetitif Rahim, Rida; Husni, Tafdil; yanti, yanti
Jurnal Kajian Manajemen Bisnis Vol 3, No 2 (2014): Jurnal Kajian Manajemen Bisnis
Publisher : Jurusan Manajemen Fakultas Ekonomi Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (237.938 KB) | DOI: 10.24036/jkmb.473400

Abstract

Small industries are required to improve and maintain its competitiveness in quality and diversification of products that can adapt (adaptability) with market demand and constantly innovating in producing its products so as to achieve competitive advantage (competitive advantage) both in the national market as well as International market. This study used qualitative methods. Qualititatif method begins with the implementation of research results that have been obtained in the first year, then offer solutions to problems that have been identified through the implementation of some activities that are beneficial to the development of research centers in order to have a more competitive advantage. Training activities undertaken include: customer database creation activities, creation of leaflets documentation, creation of websites / blogs, and discussion through entrepreneurship education seminars. As a form of evaluation of solutions offered activities, researchers will conduct follow-up through the method of in-depth interviews and focus group discussions involving SMEs and relevant officials as a comparison between before and after the training to the SME Specifically this study Implementing a model of industrial centers Minang craft creative motif through the adaptability of SMEs, entrepreneurship and competitive advantage that can be used by the parties involved in fostering the creative industry center.
Determinant factors affecting the value of manufacturing companies in indonesia Rahim, Rida; Alfajri, Doni; Nasfi, Nasfi
INOVASI Vol 17, No 2 (2021)
Publisher : Faculty of Economics and Business Mulawarman University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (260.984 KB) | DOI: 10.29264/jinv.v17i2.7878

Abstract

This study aims to examine the effect of investment decisions, funding decisions, and dividend policies on firm value of Indonesian manufacturing companies listed on the Indonesia Stock Exchange from 2014 to 2018. The research sample consisted of 23 companies with 115 observations conducted during the period. Manufacturers, which process raw materials into semi-finished or finished goods, are identical with factories that use machinery, equipment, engineering techniques, and labour (Heizer & Render, 2015). The study found that partially the effect of investments with the proxy investment opportunity set (IOS) on firm value was positive and significant. It demonstrates the ability of a company to obtain and manage capital that ultimately has a positive impact on firm value. This study found that the effect of funding decisions on firm value was negative and significant. While the effect of dividend policy on firm value was proved to be positive but not significant. The study selected firm size as the control variable that had a positive but insignificant effect on firm value.
Pengaruh Faktor Keuangan dan Non Keuangan terhadap Financial Sustainability Ratio Perbankan Nurhikmah, Suci; Rahim, Rida
Journal of Management and Business Review Vol 18, No 1 (2021)
Publisher : Research Center and Case Clearing House PPM School of Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34149/jmbr.v18i1.214

Abstract

The design of this study is the design of hypothesis testing. The population of this study includes all private non-foreign exchange national commercial banks for the period 2013-2019. The sample selection technique uses purposive sampling method and research data obtained by 18 banks. The data analysis method used is regression analysis with panel data. The results of this study indicate: Capital Adequacy Ratio (CAR) has negative and insignificant effect, then Non Performing Loans (NPL), Operating Costs to Operating Income (BOPO), Loan to Deposit Ratio (LDR), Inflation, and Company Size (Size) insignificant positive effect. While Return on Assets (ROA) is the only variable that has a positive and significant influence on the financial sustainability ratio (FSR). The adjusted R square value of 0.236, shows that the Financial Sustainability Ratio (FSR) is influenced by Loan to Deposit Ratio (LDR), Non Performing Loans (NPL), Return On Assets (ROA), Operating Costs to Operating Income (BOPO), Capital Adequacy Ratio (CAR), Inflation, and Company Size (Size) of 23.6%, while the remaining 76.3% is influenced by other factors not examined in this study. The results of this study can be used to carry out further research, and add insight into banking knowledge, particularly in banking financial performance. So that investors/customers can more easily make decisions with the information on the  financial performance of the company concered.
PENGARUH CAR, NPF, FDR DAN BOPO TERHADAP ROA PADA BANK SYARIAH YANG TERDAFTAR DI BURSA EFEK INDONESIA Nidia Anggreni Das; Tafdil Husni; Rida Rahim; Fani Elfarisy
Procuratio : Jurnal Ilmiah Manajemen Vol 8 No 4 (2020): Procuratio : Jurnal Ilmiah Manajemen
Publisher : Institut Bisnis dan Teknologi Pelita Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35145/procuratio.v8i4.720

Abstract

Sharia bank is a bank that in carrying out its business activities refers to sharia principles, namely the rules of agreement based on Islamic law between banks and other parties to deposit funds and / or finance business activities, or other activities declared in accordance with sharia. This study aims to analyze the influence of Capital Adequacy Ratio (CAR), Non-Performing Financing (NPF), Operational Costs to Operating Income Ratio (BOPO) and Financing to Deposit Ratio (FDR) to Return on Assets (ROA), both partially and simultaneously. The object of research is 7 Islamic banks in Indonesia with a span of 5 years starting from 2014 to 2018. Analysis is carried out by multiple regression and based on the results of t test (partial) it is known that CAR has no significant effect. On ROA, NPF has a significant effect on ROA, FDR variable has a significant effect on ROA and BOPO also affects ROA. While simultaneously based on the results of the F test, it can be seen that all variables, namely Capital Adequacy Ratio (CAR), Non Performing Financing (NPF), Operational Costs to Operating Income Ratio (BOPO) and Financing to Deposit (FDR) ratios have a simultaneous effect on Return on Assets (ROA). Bank syariah adalah bank yang dalam menjalankan kegiatan usahanya mengacu pada prinsip syariah, yaitu aturan perjanjian berdasarkan hukum Islam antara bank dan pihak lain untuk menyetor dana dan / atau membiayai kegiatan usaha, atau kegiatan lain yang dinyatakan sesuai dengan syariah. Penelitian ini bertujuan untuk menganalisis pengaruh Capital Adequacy Ratio (CAR), Non-Performing Financing (NPF), Biaya Operasional terhadap Rasio Pendapatan Operasional (BOPO) dan Rasio Financing to Deposit (FDR) terhadap Return on Asset (ROA), keduanya secara parsial dan secara bersamaan. Objek penelitian adalah 7 bank syariah di Indonesia dengan rentang waktu 5 tahun mulai dari tahun 2014 hingga 2018. Analisis dilakukan dengan regresi berganda dan berdasarkan hasil uji t (parsial) diketahui bahwa CAR tidak memiliki pengaruh yang signifikan. pada ROA, NPF berpengaruh signifikan terhadap ROA, variabel FDR berpengaruh signifikan terhadap ROA dan BOPO juga mempengaruhi ROA. Sementara secara simultan berdasarkan hasil uji F, dapat diketahui bahwa semua variabel, yaitu Capital Adequacy Ratio (CAR), Non Performing Financing (NPF), Biaya Operasional terhadap Rasio Pendapatan Operasional (BOPO) dan rasio Financing to Deposit (FDR) memiliki efek simultan pada Return on Asset (ROA).
The Impacts of the Day of the week Effect on The JII Returns and Risks Rida Rahim; Dery Berlian M
Jurnal Ilmiah Poli Bisnis Volume 12 Nomor 1 Tahun 2020
Publisher : Politeknik Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30630/jipb.12.1.410

Abstract

This study aims to examine the impacts of the day of the week effect on stock returns and measurements of risks in companies listed on the Jakarta Islamic Index (JII) for the June 2018-May 2019 period. The sample consisted of 28 companies. This study found that there is an influence of the day of the week effect on the Jakarta Islamic Index stock returns. It partially showed that the Monday effect had a significant negative effect on the JII stock returns. While the Friday effect had a positive and significant effect on the Jakarta Islamic Index stock returns. In the buy and sell decision-making, investors may firstly consider and look at the trends in the market. In addition, this study revealed that there was no significant difference between the results of the measurement of risk (value-at-risk) with the historical simulation and variance-covariance methods on the JII stock risk for the June 2018-May 2019 period. This was due to differences in sampling techniques, sample selection, and the period of observation. Key words : day of the week effect, Monday effect, Friday effect, return, VaR, Historical Simulation
Identification of Internal Academic Factors Affecting Academic Entrepreneurship: A Case Study Prima Fithri; Rida Rahim; Donard Games; Alizar Hasan; Ikhwan Arief
Jurnal Optimasi Sistem Industri Vol. 20 No. 2 (2021): Published in November 2021
Publisher : The Industrial Engineering Department of Engineering Faculty at Universitas Andalas

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (479.002 KB) | DOI: 10.25077/josi.v20.n2.p72-82.2021

Abstract

Academic Entrepreneurship is an entrepreneurial activity conducted by scientists/academics who market their research results commercially to achieve specific economic benefits or rewards. This research focuses on academic entrepreneurship that occurs at Andalas University. There is still a lack of academics whose research products for commercialization are about 22.73%. It is because there are factors that influence academic entrepreneurship activities at  Andalas University. One of them is the internal academic factor. The internal factors are Control System, Organizational Culture, Human Resource Management System, Organizational Structure, and Academic Leadership Behavior. The purpose of this study is to analyze the university's internal factors on academic entrepreneurship. This research uses a quantitative approach derived from 106 Andalas University academics with Structural Equation Modelling (SEM) methods with SmartPLS Software. The result obtained in this study is that the control system exerts a positive and negative influence on academic entrepreneurship. In contrast, other factors have a significant positive influence on academic entrepreneurship.  The research results show that the university's control system, organizational structure, and human resources had no significant positive effect on academics at Andalas University. Meanwhile, entrepreneurial behavior and organizational culture have a significant positive effect on academic entrepreneurship at Andalas University. Further research should be analyzed for all universities with innovative products and are ready for commercialization throughout Indonesia. This research is still a case study and needs to be developed.
COMPETITION AND PROFITABILITY: IMPACT ON STABILITY IN INDONESIAN BANKING Ivo Nila Krisna; Rida Rahim; Mohamad Fany Alfarisi
JBTI : Jurnal Bisnis : Teori dan Implementasi Vol 13, No 1 (2022): APRIL
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jbti.v13i1.14309

Abstract

Currently the banking industry has undergone major changes in recent years due to regulatory deregulation. Seeing this, in implementing it, banks must be managed more carefully, one of which is by maintaining it. Banking instability occurs because banks face too many risks. The purpose of this study is to examine how the influence of competition and profitability on banks in the Indonesian banking industry. The population used is commercial banks listed on the Indonesia Stock Exchange in 2015-2019. A series of indicators from internal and external banks are also used in this study to support the research results, which consist of bank size, concentration, inflation, and GDP. That is, banking is measured using three risks, credit risk with NPL proxy, liquidity risk with LDR proxy, and insolvency risk with Z-score proxy. Using panel data analysis, the following results were found in the 2015-2019 research period, competition had a positive and insignificant effect on credit risk, competition had a negative and insignificant effect on liquidity risk and insolvency risk. Profitability has a negative and significant effect on credit risk and insolvency risk, and profitability has a positive and insignificant effect on liquidity risk.
PENGARUH KEPEMILIKAN MANAJERIAL, LIKUIDITAS DAN UKURAN PERUSAHAAN TERHADAP FINANCIAL DISTRESS STUDI KASUS PADA PERUSAHAAN PERHOTELAN, RESTORAN DAN PARIWISATA YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2015-2019 Tilawatil Ciseta Yoda; Rida Rahim; Yefri Reswita; Febrina Permata Sari
Jurnal Ilmiah Mahasiswa Ekonomi Manajemen Vol 6, No 3 (2021): Agustus
Publisher : Departemen Manajemen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/jimen.v6i3.17377

Abstract

Financial distress adalah tahap dimana terjadinya penurunan kondisi keuangan perusahaan sebelum terjadinya kebangkrutan ataupun likuidasi. Ada banyak faktor yang mungkin dapat menyebabkan financial distress pada suatu perusahaan. Penelitian ini bertujuan untuk mengetahui pengaruh kepemilikan manajerial, likuiditas dan ukuran perusahaan terhadap financial distress pada seluruh perusahaan perhotelan, restoran dan pariwisata yang terdaftar di BEI tahun 2015-2019 yang sekaligus merupakan populasi dalam penelitian ini. Pemilihan sampel menggunakan metode purposive sampling sesuai dengan kriteria yang ditetapkan dan diperoleh sampel sebanyak 16 perusahaan pada periode 2015-2019 sehingga diperoleh 80 data observasi. Proksi pengukuran Financial distress yang digunakan adalah interest coverage ratio (ICR). Penelitian ini memakai analisis regresi logistik dengan bantuan STATA. Hasil penelitian menunjukkan bahwa ukuran perusahaan memiliki pengaruh signifikan dan positif terhadap financial distress, sedangkan kepemilikan manajerial dan likuiditas secara partial tidak memiliki pengaruh terhadap financial distress. Penelitian ini memiliki implikasi dalam menambah bukti empiris dalam literatur keuangan perusahaan serta sebagai bahan pertimbangan bagi investor dalam keputusan investasi.
PENGARUH OWNERSHIP, INDEPENDENT BOARD DAN FIRM SIZE TERHADAP KINERJA KEUANGAN PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2014-2018 Yefri Reswita; Rida Rahim
Jurnal Ilmiah Mahasiswa Ekonomi Manajemen Vol 5, No 4 (2020): November
Publisher : Departemen Manajemen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/jimen.v5i4.15518

Abstract

Banking companies are companies that provide financial services for all levels of society. Over time, the company developed to follow the market demand so that most companies listed their stocks in Indonesia Stock Exchange to obtain additional capital. Of course, with this decision, the company will be owned by investors so that each investor has their respective interests. This study deals with knowing the commitment of independent commissioners, share ownership either insiders (Commissioners, Directors) or outsiders (institutional) to the financial performance measured by Return on Assets (ROA) and Tobins'Q. The control variable that is utilized is Firm Size. The sample that is used in this study was 200 banking companies listed on the Indonesia Stock Exchange. The analysis used is multiple regression analysis with SPSS application. This study proves that the share ownership of both insiders and outsiders does not affect either the Return on Assets (ROA) or the value of Tobins'Q. Independent board has a significant effect on Return on Assets (ROA), and on Tobins'Q value. While  firm size affects the Return on Assets (ROA) but does not affect Tobins'Q value.