I Gusti Bagus Wiksuana
Fakultas Ekonomi dan Bisnis , Universitas Udayana, Bali

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STUDI PERBANDINGAN RENTABILITAS BANK SEBELUM DENGAN SETELAH PENERAPAN MANAJEMEN RISIKO Adi Sustika; I Gusti Bagus Wiksuana
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.05.NO.02.TAHUN 2016
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

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Abstract

Risk management is a set of method and procedures used to identify, measure, monitor, and control risk arising in all business of the bank. Risk management was first time implemented in the Bank Pembangunan Daerah Bali, in 2011. The application of risk management is an addition to measure, monitor, and control risk arising from all the business of the banks, which is also expected to improve the performance of organizational and increase the profitability of the bank itself.   This research was conducted at the Bank Pembangunan Daerah Bali, which the ratio of profitability studied are Return on Assets Ratio (ROA), Return on Equity (ROE), and Operating Expenses to Operating Income (BOPO) in the period prior to the application of risk management i.e. 2009 to by the year 2010, and the period after the implementation of risk management in 2012 to 2013 quarterly period. The methods of data analysis used are two different test methods on average, which the number of samples used as many as eight (8) pairs of data. The data of this study is a secondary data obtained from the financial statements and risk management at the Bank Pembangunan Daerah Bali. Results showed that: (1) There are significant differences relationship between ROA before and after the implementation of Risk Management. (2) There are significant differences between ROE before and after the implementation of Risk Management. (3) There are significant differences between BOPO before and after the implementation of Risk Management. Suggested to PT. Bank Pembangunan Daerah Bali to keep the implementation of risk management and continuously fix it to be better, because it significantly take effect especially to ROA and ROE.
STUDI KELAYAKAN PEMBANGUNAN PUSAT PERBELANJAAN COKROAMINOTO I Kadek Sutika; I G. B. Wiksuana; Luh Gede Sri Artini
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.06.NO.02.TAHUN 2017
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

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Abstract

This study was concerned with the evaluation of investment plans of Tjokroaminoto Shopping Center planned by the Government of the City of Denpasar. Provision of facilities in the form of the construction of Shopping Center located at Tjokroaminoto, the Village of North Pemecutan, Denpasar. This study aimed to determine the feasibility of the development plan of government assets which would be revitalized to be Shopping Center from the legal, technical and management, market and marketing, social and financial aspects. The data was collected through observation and interview methods. The results of the feasibility study showed that the construction of Shopping Centre is feasible both from a legal, technical and management, market and marketing, and social and financial aspects. The assessment of the financial aspects was indicated by the ARR amounting to 50.32%; PP would be 4.6 years; Positive NPV totaled Rp 95,747,663,065; and PI was 1.83.
PERAN PROFITABILITAS DALAM MEMEDIASI PENGARUH FINANCIAL LEVERAGE DAN INVESTMENT OPPORTUNITY SET TERHADAP KEBIJAKAN DIVIDEN DI BURSA EFEK INDONESIA Ni Made Dewi Puspita Sari; I Gusti Bagus Wiksuana
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.07.NO.01.TAHUN 2018
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (541.236 KB) | DOI: 10.24843/EEB.2018.v07.i01.p06

Abstract

The purpose of this study was to determine the role of profitability in mediating the effect of financial leverage and investment opportunity set on the dividend policy. The populations in this study were manufacturing companies listed on the Indonesia Stock Exchange. The sampling of the research was done by census and the number of samples were 12 companies. The data of research were secondary data obtained from Indonesia Stock Exchange website and Indonesian Capital Market Directory from 2011 to 2015. Testing of research hypothesis was conducted by using path analysis technique by tool of SPSS application.The results showed that financial leverage has a negative and significant effect on dividend policy. Investment opportunity set has negative and insignificant effect on dividend policy. Financial leverage has a positive and significant impact on profitability. Investment opportunity sets also have a positive and significant impact on profitability. Profitability has a positive and significant effect on dividend policy. Profitability is able to mediate the effect of financial leverage and investment opportunity set on dividend policy.
Analisis Overreaction Saham Winner - Loser Pada Perusahaan Indeks BISNIS - 27 Di Bursa Efek Indonesia Putu Trisna Dewanthi; I Gusti Bagus Wiksuana
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.06.NO.11.TAHUN 2017
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (706.76 KB) | DOI: 10.24843/EEB.2017.v06.i11.p08

Abstract

Penelitian ini bertujuan untuk menganalisis keberadaan reaksi berlebihan (overreaction) pasar saham winner dan loser pada perusahaan Indeks BISNIS – 27 Bursa Efek Indonesia. Penelitian ini merupakan penelitian komparatif dengan menggunakan data sekunder. Penentuan sampel dilakukan dengan metode purposive sampling. Populasi dalam penelitian ini adalah 27 perusahaan dan sampel yang di dapat setelah diseleksi adalah 25 perusahaan yang terdaftar dalam Indeks BISNIS – 27 tahun 2016. Dari 25 perusahaan terdapat 14 saham yang yang tergolong winner dan 11 saham yang tergolong loser. Penelitian ini menggunakan abnormal return sebagai variabel penelitian. Abnormal return diperoleh dari selisih antara actual return dengan expected return. Metode yang digunakan untuk menghitung expected return adalah market model. Pengujian statistik yang digunakan dalam penelitian ini adalah independent sample t – test, untuk menguji perbedaan average abnormal return winner dan average abnormal return loser. Hasil penelitian berdasarkan pengujian hipotesis menunjukkan bahwa tidak terdapat overreaction yang signifikan secara statistik pada perusahaan yang terdaftar dalam Indeks BISNIS – 27 sepanjang tahun 2016, yang ditandai dengan abnormal return saham winner secara konsisten lebih besar dibandingkan dengan abnormal return saham loser secara signifikan.
PENGARUH INFLASI TERHADAP RETURN SAHAM PADA PERUSAHAAN PROPERTI DAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA (RISIKO SISTEMATIS DAN PROFITABILITAS SEBAGAI VARIABEL MEDIASI) Made Ayu Desy Geriadi; I Gusti Bagus Wiksuana
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.06.NO.09.TAHUN 2017
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (651.401 KB) | DOI: 10.24843/EEB.2017.v06.i09.p10

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh inflasi terhadap return saham, risiko sistematis dan profitabilitas sebagai variabel mediasi pada perusahaan properti dan real estate yang terdaftar di Bursa Efek Indonesia. Populasi dalam penelitian ini adalah perusahaan properti dan real estate yang terdaftar di Bursa Efek Indonesia. Pengambilan sampel penelitian dilakukan dengan metode purposive dan jumlah sampel penelitian ini sebanyak 25 perusahaan. Data penelitian merupakan data sekunder yang diperoleh dari website Bursa Efek Indonesia dan Indonesia Capital Market Directory dari tahun 2011 sampai dengan tahun 2015. Pengujian hipotesis penelitian menggunakan teknik analisis jalur (path analysis), dengan alat bantu aplikasi SPSS.Hasil penelitian menunjukkan bahwa: (1) inflasi berpengaruh negatif dan signifikan terhadap return saham. (2) risiko sistematis berpengaruh positif dan signifikan terhadap return saham. (3) profitabilitas berpengaruh positif dan signifikan terhadap return saham. (4) inflasi berpengaruh positif dan signifikan terhadap risiko sistematis (5) inflasi berpengaruh positif dan signifikan terhadap profitabilitas. Risiko sistematis dan profitabilitas tidak memediasi pengaruh inflasi terhadap return saham.
PERAN KINERJA BANK DALAM PENGARUH MAKRO EKONOMI TERHADAP RETURN SAHAM Putu Yesi Fransiska Dewi; I Gusti Bagus Wiksuana; luh Gede Sri Artini
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.05.NO.09.TAHUN 2016
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

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Abstract

The banking sector is an attractive sector for investors to receive a return.  The ambition of this investigation is to appreciate the character of the bank's performance in theinteraction of  macro-economic and stock returns in banking sector BEI. 23 banking companies used to be sample using purposive method with the provisions of banking companies during the 2010-2014 period did not suffer losses.  The role of mediation was tested using path analysis and Sobel test This investigation resulted in the depreciation of macroeconomic causes decreased stock return and increase the good performance of banks led to an increase in stock return. Instead bank performance positively and significantly influenced by the macro economy. Sobel test proved that the role of performance of the bank as a partial mediation in the relationship of macroeconomic influence to stock return of the banking sector in the BEI. 
PENGARUH NILAI TUKAR RUPIAH TERHADAP RETURN SAHAM DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING Putu Eka Pujawati; I Gusti Bagus Wiksuana; Luh Gede Sri Artini
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME 04.NO.04.TAHUN 2015
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

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Abstract

Returns and profitability is the target to be achieved by all companies. Many things affect the return of which is the exchange rate. The research is aiming to determine the effect of the exchange rate on stock returns in the stock exchanges of Indonesia hospitality industry with profitability as an intervening variable The population in this research are all the companies in the hospitality industry are listed in the Indonesia Stock Exchange during the period 2012-2013. The data is analyzed by path analysis (path analysis), supported by SPSS version 17.0 The results of this study shows  that: (1) exchange rate negative effect on the profitability of return while positive impact on return. (2) the effect of the exchange rate returns through greater profitability than the direct effect of exchange rate on return. Recommended for  future research to increase the variables that affect the return and also expand the sample to the research results could be better.
Pengaruh Struktur Modal Terhadap Nilai Perusahaan dengan Profitabilitas Sebagai Variabel Intervening pada Perusahaan Properti dan Real Estate di Bursa Efek Indonesia Rahman Rusdi Hamidy; I Gusti Bagus Wiksuana; Luh Gede Sri Artini
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME 04.NO.10.TAHUN 2015
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

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Abstract

Pemegang saham mempunyai kepentingan untuk meningkatkan nilai perusahaan demi memaksimalkan kekayaannya, peningkatan nilai perusahaan lebih direpresentasikan oleh harga saham (diproksikan dengan price book value). Penelitian ini bertujuan untuk mengetahui kemampuan profitabilitas (diproksikan dengan return to equity) dalam memediasi pengaruh struktur modal (diproksikan dengan debt to equity ratio). Populasi penelitian adalah perusahaan properti dan real estate di BEI Tahun 2008-2012. Penentuan sampel dengan purposive sampling method. Pengujian hipotesis menggunakan tehnik analisis jalur dengan alat bantu aplikasi SPSS versi 16. Penelitian menunjukkan hasil dimana profitabilitas mampu memediasi pengaruh struktur modal terhadap nilai perusahaan, karena utang akan dapat meningkatkan nilai perusahaan, dan peningkatan nilai perusahaan ini akan lebih besar apabila utang dapat meningkatkan profitabilitas dari perusahaan. Perusahaan yang menjadi sampel penelitian belum mencapai titik optimal pada tingkat utangnya, sehingga penambahan proporsi utang yang dapat meningkatkan profitabilitas dapat digunakan untuk mendapatkan nilai perusahaan yang lebih tinggi.  
VARIABEL KEUANGAN YANG MEMBEDAKAN TINGKAT LIKUIDITAS BANK UMUM DI BURSA EFEK INDONESIA A.A.AYU DIAH AMBARAWATI; I Gusti Bagus Wiksuana; Luh Gede Sri Artini
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.06.NO.12.TAHUN 2017
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (464.138 KB) | DOI: 10.24843/EEB.2017.v06.i12.p04

Abstract

This research developed a research model that aims to explain financial ratio that can differentiate the liquidity level of commercial banks, and identify the financial ratios which among the financial ratios that sever the most dominant to sever the liquidity level of banks listed on the IDX period 2010-2014. The independent variables in the research are bank financial ratios of bank size, NWC, CAR, ROA, ROE and NPL. Dependent variable used in this research is liquidity ratio with Loan to Deposit Ratio (LDR) indicator. The data analysis in this research uses discriminant analysis technique. Based on discriminant test with simultaneous method, the discriminant model of Unstandardized Canonical Discriminant Function (UCDF) can classify two groups of commercial banks based on their discriminant value by exactly 69.2% of the total sample or classification error of 30,8%. The result of research indicate from the six independent variables in this research, only 3 (three) variables have significance value <0,1 so it can sever liquidity level of commercial bank. Variables that can differentiate the liquidity level of the commercial banks are CAR (sig = 0.061), NPL (sig = 0.067) and NWC (sig = 0.074). CAR variable with the lowest significance value shows that the most dominant variable sever the liquidity level of commercial banks listed BEI.
KINERJA PT BANK PERKREDITAN RAKYAT (BPR) NAGA BERBASIS BALANCED SCORECARD DI GIANYAR Ida Ayu Suryaningrat Intan Sari; I Gusti Bagus Wiksuana; Luh Gede Sri Artini
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.05.NO.04.TAHUN 2016
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

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Abstract

Balanced Scorecard merupakan sebuah konsep manajemen yang mengukur kinerja perusahaan melalui empat perspektif. Keempat perspektif ini mewakili tiga stakeholder utama dari perusahaan yaitu para pemegang saham, customers dan para karyawan. Penelitian ini merupakan studi kasus untuk mengetahui penilaian kinerja PT BPR NAGA berbasis balanced scorecard dari tahun 2011 sampai tahun 2014. Berdasarkan penelitian yang dilakukan diperoleh hasil pada perspektif keuangan, empat rasio keuangan yang digunakan yaitu NPL, LDR, BOPO dan ROA menunjukkan kondisi yang sehat. Perspektif pelanggan walaupun terjadi penurunan tingkat pertumbuhan nasabah tetapi tingkat kepuasan nasabah berada dalam kondisi puas. Perspektif proses bisnis internal berdasarkan rasio realisasi kredit dan service cycle efficiency (SCE) menunjukkan adanya peningkatan dalam penyaluran kredit ke masyarakat. Perspektif Pembelajaran dan Pertumbuhan baik tingkat employee retention dan tingkat kepuasan karyawan menunjukkan hasil yang puas. Secara keseluruhan penilaian kinerja PT BPR NAGA berbasis balanced scorecard berada dalam kondisi baik dengan nilai indeks komposit yang diperoleh sebesar 3,012.