Claim Missing Document
Check
Articles

Found 10 Documents
Search
Journal : Jurnal Manajemen dan Bisnis Indonesia

Keunggulan Bersaing dan Penciptaan Nilai pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Sri Rani Fauziah; I Made Sudana
Jurnal Manajemen dan Bisnis Indonesia Vol 1 No 1 (2013): Jurnal Manajemen Bisnis Indonesia - Edisi Oktober 2013
Publisher : Forum Manajemen Indonesia (FMI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31843/jmbi.v1i1.6

Abstract

Resources, capabilities and core competencies are the basic characteristics of the competitive advantage. How resources and capabilities for the long time can contribute to creating value to the company and be able to compete in the industry, it is difficult to measure. The prupose of the research is to examine the affect of competitive advantage which consists of customer relationship, supplier relationship, intellectual property and fixed asset management on creating value for the manufacture companies using financial ratio analysis. This research using panel data to investigate 58 companies listed in Indonesia Stock Exchange (BEI) in the year 2008-2011. The results show that the relationship with suppliers, intellectual property and fixed asset management, can increase creating value for the manufacture companies that listed in BEI. Keywords: Competitive advantage, customer relationship, supplier relationship intellectual property,fixed asset management and creating value.
Penerapan Pecking Order Theory dan Kaitannya dengan Pemilihan Struktur Modal Perusahaan pada Sektor Manufaktur di Negara Indonesia dan Negara Australia Iryuvita Januarizka Putri Radjamin; I Made Sudana
Jurnal Manajemen dan Bisnis Indonesia Vol 1 No 3 (2014): Jurnal Manajemen Bisnis Indonesia - Edisi Juni 2014
Publisher : Forum Manajemen Indonesia (FMI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31843/jmbi.v1i3.35

Abstract

This study aimed to determine first , the difference between the capital structures in Indonesian manufacturing company with in Australia , and secondly to determine whether manufacturing companies in Indonesia and Australia applying the packing order theory in determining the capital structure . The analysis model used is the comparative analysis between the two groups of independent samples to determine differences in capital structure manufacturing company in Indonesia with a capital structure of manufacturing companies in Australia. Meanwhile, to determine whether manufacturing companies in Indonesia and Australian applying packing order theory, used Shyam - Sunder and Meyers models . The study was conducted on 42 Australian manufacturing companies and 33 manufacturing companies in Indonesia, which is selected by purposive random sampling over the period 2006-20010. The results showed a significant difference between capital structure manufacturing companies in Indonesia and in Australia. Manufacturing companies in Indonesia using long-term debt is relatively higher compared to manufacturing companies in Australia. In addition, it was also found that in determining capital structure manufacturing companies in Indonesia to implement packing order theory, while manufacturing companies in Australia are not . Keywords : Capital Structure, Deficit External Financing, Pecking Order Theory
Pengumuman Stock Buyback dan Reaksi Pasar Saham (Studi Kasus Perusahaan di Bursa Efek Indonesia) Adhi Suwanto; I Made Sudana
Jurnal Manajemen dan Bisnis Indonesia Vol 2 No 1 (2014): Jurnal Manajemen Bisnis Indonesia - Edisi Oktober 2014
Publisher : Forum Manajemen Indonesia (FMI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31843/jmbi.v2i1.37

Abstract

This study aims to examine the stock market reaction to the announcement of the stock buy back with two indicators of AAR and CAAR. The sample taken is a company that does the announcement of stock buy back in the period 2008 - 2013. Study also tested the market reaction between two groups of companies announcing stock buyback based on BAPEPAM-LK regulations are used. The first group are companies conducting announcements of stock but back by BAPEPAM-​​LK regulations number XI.B.2 which is rules on stock buy back under normal conditions and the second group by BAPEPAM-LK regulation number XI.B.3 which is rules on stock buy back on market conditions potentially crisis. The results showed that there was a significant positive market reaction around the announcement of the stock buy back as indicated by the value of AAR and CAAR are significant. The results also showed that there were significant differences in market reaction between companies that stock buy back announcements reference to BAPEPAM -LK regulations number XI.B.2 with the companies referring to BAPEPAM -LK regulations number XI.B.3. Market reaction to the company that conducting stock buy back announcements with reference to the rules BAPEPAM-LK number XI.B.2 have been reacted all positively, whereas the company that refers to BAPEPAM -LK regulation number XI.B.3 there are some that have been reacted negatively. Keywords : Buy back, Abnormal return, BAPEPAM-LK Regulation
Pengaruh Faktor Spesifik Terhadap Profitabilitas Berdasarkan Kelompok Buku Bank di Indonesia Uum Sholikhah Fitria; I Made Sudana
Jurnal Manajemen dan Bisnis Indonesia Vol 2 No 2 (2015): Jurnal Manajemen Bisnis Indonesia - Edisi Februari 2015
Publisher : Forum Manajemen Indonesia (FMI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31843/jmbi.v2i2.50

Abstract

This study aims to determine the influence of specific factors on bank BUKU groups in Indonesia. The sample was a conventional bank in 2013-2014. This study used multiple linear regression method. The dependent variable in this study are return on assets (ROA) and return on equity (ROE), while the independent variables used are size, operating efficiency (OE), capital adequacy ratio (CAR), credit risk (CR), asset management ( AM), and portfolio composition (PC). The Result from this study indicate that size has positive effect on ROA and ROE BUKU groups 1, 2, 3, and negative effect onROA and ROE on the group BUKU 4. Operating efficiency has negative effect on ROA and ROE in all BUKU groups. Capital adequacy ratio has negative effect on ROA and ROE in all BUKU groups, except on BUKU 3 has positive effect on ROA. Credit risk has negative effect on ROA and ROE in all BUKU groups. Asset management has positive effect on ROA and ROE BUKU 1,2, and 3, while on BUKU 4 has negative effect. Portfolio composition has negative effect on ROA and ROE BUKU group 1 and 2, and on BUKU 3 and 4 have positive effect. Keywords: Bank’s specific factors, profitability, BUKU groups of bank.
Good Corporate Governance dan Kinerja Perusahaan BUMN yang Terdaftar di Bursa Efek Indonesia Tahun 2005-2013 Christian Meichael Renaldo Situmorang; I Made Sudana
Jurnal Manajemen dan Bisnis Indonesia Vol 2 No 3 (2015): Jurnal Manajemen Bisnis Indonesia - Edisi Juni 2015
Publisher : Forum Manajemen Indonesia (FMI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31843/jmbi.v2i3.57

Abstract

This study aims to determine the effect of good corporate governance on corporate’s financial performance and market value. Comprehensively, the influence of good corporate governance is proxied by corporate governance perception index and partially are proxied by the quality of information disclosure, independent commisioner, board size, remuneration and nomination committee, institutional ownership, and managerial ownership. The company's financial performance is proxied by the return on assets and market value is proxied by Tobins'q. The study also use other variables, they are firm size, economic conditions, and leverage. The sample used in this study is a non-financial state-owned enterprises that is listed on the Indonesia Stock Exchange in the year of 2005 to 2013The analysis technique used is multiple linear regression. Corporate governance perception index has an unsignificant positive effect on the firm’s financial performance and market value. The quality of information disclosure, institutional ownership, and managerial ownership have a significant positive effect on firm’s performane. Board size, remuneration and nomination committee, company size, and economi conditions have an unsignificant positive effect on the firm’s financial performance and market value, while independent commisioner and leverage have an unsignficant negative impact on the firm’s financial performance and market value. Keywords: good corporate governance, corporate governance perception index, return on assets, Tobins’q
Reaksi Pasar Terhadap Peristiwa Politik Terkait Jokowi di Bursa Efek Indonesia Anis Sundiyah; I Made Sudana
Jurnal Manajemen dan Bisnis Indonesia Vol 2 No 3 (2015): Jurnal Manajemen Bisnis Indonesia - Edisi Juni 2015
Publisher : Forum Manajemen Indonesia (FMI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31843/jmbi.v2i3.58

Abstract

This research examines stock market reaction to the political events related of Jokowi in the Indonesia Stock Exchange. Variables used in this research are average abnormal return (AAR) and cumulative average abnormal return (CAAR) which measured using a statistical test one sample t-test. In this research, there are 230 sampel in the announcement Jokowi as a presidential candidate, 316 sampelin the announcement of results of presidential election quick count and 339 sampel in the announcement of work cabinet. Analysis model in this research is event study during the test period of 11 days exchange trading. Consistency of the stock market reaction was compared descriptively based on the analysis of AAR and CAAR. Testresults of AAR and CAAR showed that stock market consistently reacted positively to the announcement Jokowi as a presidential candidate and the announcement of the work cabinet and inconsistent with the announcement of the results of quick count because stock market reacted negatively. keywords: event study, political events of Jokowi, AAR, CAAR, consistency reaction.
Reaksi Pasar Saham Terhadap Peristiwa Politik di Parlemen Indonesia Tahun 2014 (Studi Peristiwa Pada Perusahaan yang Terdaftar di BEI) Yovinda Trista Yuliana; I Made Sudana
Jurnal Manajemen dan Bisnis Indonesia Vol 3 No 1 (2015): Jurnal Manajemen Bisnis Indonesia - Edisi Oktober 2015
Publisher : Forum Manajemen Indonesia (FMI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31843/jmbi.v3i1.68

Abstract

Many political events occur in the parliament over 2014, namely announcement of “UU No. 17 Tahun 2014 about MD3” on July 8th, “RUU Pilkada” on September 26th, and People’s Representative Council (DPR) election on October 2nd. The events are considered as information that could affect compay’s stock price on Indonesia Stock Exchange, which will be reacted by the investor if the information is relevant. So, the objective of this research is to observe stock market reaction around the announcement date of political event in the parliament of Indonesia. Event study is applied to each announcement, 310 samples for “UU No. 17 Tahun 2014 tentang MD3”, 322 samples for “RUU Pilkada”, and 284 samples for People’s Representative Council (DPR) election. Using seven days length for window event period, three days before the event, during the event, and three days after the event. By using one-sample t-test for AAR as measuring indicator, there are significant negative AAR at t+1 of the three events. Meanwhile by using CAAR as an indicator, negative result was significant only at the announcement of “UU No. 17 Tahun 2014 about MD3”, but positive significant on “RUU Pilkada” and People’s Representative Council (DPR) election. Key words: politics, parliament, event study, average abnormal return (AAR), cumulative average abnormal return (CAAR)
Brand Value, Asset Tangibility, Profitabilitas Dan Leverage Keuangan I Made Sudana; Gusti Ayu Putu Wyndi Werdhianti
Jurnal Manajemen dan Bisnis Indonesia Vol 5 No 1 (2017): Jurnal Manajemen Bisnis Indonesia - Edisi Oktober 2017
Publisher : Forum Manajemen Indonesia (FMI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31843/jmbi.v5i1.136

Abstract

This study aimed to determine effect of brand value, asset tangibility, and profitability on financial leverage in Indonesia. This study used regression analysis to determine the effect of independent variables consisting of brand value, asset tangibility, and profitability on financial leverage.This study uses data sample of non-financial companies which are listed in Bursa Efek Indonesia during 2013-2016 period, the data is also collected from SWA magazine during 2013-2016 period to get brand value information. The analysis results show that brand value and asset tangibility are positive and significant to financial leverage. The higher brand value of the company, cause to higher creditur’s trust. The higher asset tangibility encourages higher collateral asset of the company to earn more loans. While profitability has negative effect, because the higher profitabiltiy will make the company prefer to use internal funding. Keywords: brand value, asset tangibility, leverage
Karakteristik CEO Dan Kinerja Perusahaan Non-Keuangan Yang Teraftar Di Bursa Efek Indonesia I Made Sudana; Elka Dwiputri
Jurnal Manajemen dan Bisnis Indonesia Vol 5 No 3 (2018): Jurnal Manajemen Bisnis Indonesia - Edisi Juni 2018
Publisher : Forum Manajemen Indonesia (FMI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31843/jmbi.v5i3.169

Abstract

The purpose from this research is to test the effect from CEO characteristics towards firm performance. CEO characteristics was proxied with founder CEO, ownership, tenure, and education. Firm performance was proxied with Tobin’s Q. The sample from this research are every non-financial firm that have been listed in Indonesian Stock Exchange from 2010 – 2015 period. The method from this research is purposive sampling with analysis technique model multiple linier regression. The result from this research showed that founder CEO, CEO ownership, CEO tenure have a positive significant effect towards firm’s performance or Tobin’s Q. Keywords : CEO Characteristics, Firm Performance
Pengaruh Faktor Internal dan, Eksternal terhadap Risiko Kredit pada Bank Perkreditan Rakyat (BPR) di Indonesia I Made Sudana; Andi Siti Asiyah
Jurnal Manajemen dan Bisnis Indonesia Vol 6 No 1 (2018): Jurnal Manajemen Bisnis Indonesia - Edisi Oktober 2018
Publisher : Forum Manajemen Indonesia (FMI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31843/jmbi.v6i1.179

Abstract

This study aims to know the effect of internal factor (capitalization, profitability, inefficiency, size) and external factor (economic growth, inflation) on credit risk of micro bank in Indonesia. This research uses purposive sampling method. Dependent variable in this research is credit risk. The independent variables in this study are capitalization measured by capital adequacy ratio, profitability measured by return on asset, inefficiency measured by BOPO ratio, size, economic growth, and inflation. The results show that credit risk is significantly influenced by capitalization, profitability, inefficiency, size, economic growth, and inflation. Inefficiency and inflation variables have a positive effect on credit risk, while variable capitalization, profitability, size, and economic growth negatively affects credit risk. Keywords: capitalization, profitability, inefficiency, size, economic growth, inflation, credit risk, rural bank.