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ANALISIS VARIABEL MAKROEKONOMI TERHADAP KINERJA REKSADANA CAMPURAN Augustina Kurniasih; Leonardo David Yuliandy Johannes
Jurnal Manajemen. Volume 19, Nomor 1, Tahun 2015
Publisher : Jurnal Manajemen.

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Abstract

Nowadays investment instruments are growing. One of the investment instruments is mutual fund. Indonesian macroeconomic conditions affected the performance of investments, including on mutual funds. One type of mutual fund is balance mutual funds. This study aims to examine and analyze the effect of stock index returns, return of USD exchange rate, return of JIBOR Interest Rate, and return of government bonds of Indonesia to the performance of balance mutual funds. Observation period is one year (2012), using daily data. Total balance mutual funds in IDX are 120, which meets the criteria of the sample were 86. Method used to answer the research problem is multiple linear regressions. It found that macroeconomic factors that significantly influence the performance of balance mutual funds are returns JCI and JIBOR interest rate return.
DETERMINAN PROFITABILITAS PERUSAHAAN PERUSAHAAN SEKTOR MAKANAN DAN MINUMAN DI BEI Amalia, Kiasatina; Kurniasih, Augustina
Indikator: Jurnal Ilmiah Manajemen dan Bisnis Vol 2, No 1 (2018)
Publisher : Universitas Mercu Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22441/indikator.v2i1.2317

Abstract

The purpose of this research is to know and analyze Factors Affecting Company Profitability (Study on Food and Beverage Sector Listed on Indonesia Stock Exchange Period 2012-2015). This parametric statistical research method uses panel data regression analysis using Eviews Version 8. The number of samples that become the object of research as much as 13 companies of food & beverage sub sector. Sample selection method used is purposive sampling method. This method is based on criteria in the form of certain considerations used as a method of collecting samples. The result of the research shows that (1) The structure of the asset has positive and significant effect to Profitability, (2) Work Capital Turnover has positive and significant effect to Profitability, (3) Liquidity has positive and significant effect to Profitability, (4) Working Capital Funding has positive and significant to Profitability, and (5) Asset Structure, Working Capital Turnover, Liquidity, and Working Capital Funding contribute influence (R2) to Profitability. It is suggested that companies should pay attention to the use of shor-term debt in financing the company's operational activities so that the company's financial risk can be controlled and able to increase profitability.
PENGARUH PERENCANAAN PAJAK, BOARD SIZE DAN DEBT TO EQUITY TERHADAP NILAI PERUSAHAAN (PADA SEKTOR TEXTILE DAN GARMEN TERDAFTAR DI BEI 2015-2019 ) Leni Hartati; Augustina Kurniasih; Pardomuan Sihombing
Jurnal MoZaiK Vol 13 No 1 (2021): Jurnal Mozaik
Publisher : iLearning Journal Center

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Abstract

Nilai perusahaan merupakan persepsi para investor terhadap tingkat keberhasilan perusahaan yang sering dikaitkan dengan harga saham Perencanaan pajak, boards size dan DER diduga sebagai faktor yang memengaruhi secara langsung terhadap nilai perusahaan. Metode penelitian yang dilakukan yaitu menggunakan pendekatan kuantitatif. Analisis yang digunakan yaitu analisis path dengan model Partial Least Square (PLS). Sampel yang dapat diamati yaitu sebesar 97 unit selama lima tahun penelitian. Hasil penelitian ditemukan bahwa perencanaan pajak, boards size, DER tidak berpengaruh langsung terhadap nilai perusahaan.
ANALISIS PENGARUH MULTIFAKTOR TERHADAP RETURN SAHAM DI INDONESIA Sutarso, Sutarso; Kurniasih, Augustina; Haningsih, Luna
Jurnal Manajemen Vol 20, No 3 (2016): October 2016
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (972.541 KB) | DOI: 10.24912/jm.v20i3.17

Abstract

This study aims to examine and analyze the effect of market, size, value and sharia factor on the stock return in Indonesia. Research data is monthly data for 5 years observation period from 2009 until 2013. The population in this research is all listed stock in Indonesia Stock Exchange on observation period. The sampling method used was purposive sampling. The method of analysis used multiple regresion. The results showed that market factor, firm size, BE/ME ratio and sharia factor was significantly affect stock return. Market factor was significantly positive affect stock return. Firm size was significantly positive affect stock return on small firm size and negative affect on big firm size. BE/ME ratio was significantly positive affect stock return on high BE/ME ratio and negative affect on low BE/ME ratio. Sharia factor was significantly positive affect sharia stock return and negative affect on non sharia stock return. In general, the market factor is the factor that most strongly affect stock return than any other factor.
ANALISIS VARIABEL MAKROEKONOMI TERHADAP KINERJA REKSADANA CAMPURAN Kurniasih, Augustina; Johannes, Leonardo David Yuliandy
Jurnal Manajemen Vol 19, No 1 (2015): February 2015
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (159.381 KB) | DOI: 10.24912/jm.v19i1.110

Abstract

Saat ini semakin banyak tersedia pilihan instrumen investasi. Salah satu instrumen investasi adalah reksadana. Kondisi makroekonomi Indonesia mempengaruhi kinerja investasi, termasuk investasi reksadana. Salah satu jenis reksadana adalah reksadana campuran. Penelitian ini bertujuan menguji dan menganalisis pengaruh return IHSG, return Kurs USD, return JIBOR Interest Rate dan return Obligasi Pemerintah Indonesia terhadap kinerja reksadana campuran. Periode penelitian adalah selama satu tahun (2012), menggunakan data harian. Total reksadana campuran di BEI berjumlah 120, yang memenuhi kriteria menjadi sampel sebanyak 86. Metode yang digunakan untuk menjawab permasalahan penelitian adalah regresi linier berganda. Ditemukan bahwa faktor makroekonomi yang berpengaruh signifikan terhadap return reksadana campuran adalah return IHSG dan Suku Bunga JIBOR.Nowadays investment instruments are growing. One of the investment instruments is mutual fund. Indonesian macroeconomic conditions affected the performance of investments, including on mutual funds. One type of mutual fund is balance mutual funds. This study aims to examine and analyze the effect of stock index returns, return of USD exchange rate, return of JIBOR Interest Rate, and return of government bonds of Indonesia to the performance of balance mutual funds. Observation period is one year (2012), using daily data. Total balance mutual funds in IDX are 120, which meets the criteria of the sample were 86. Method used to answer the research problem is multiple linear regressions. It found that macroeconomic factors that significantly influence the performance of balance mutual funds are returns JCI and JIBOR interest rate return.
Determinants of Profitability of Property and Real Estate Companies Listed on Stock Exchange: The Case of Indonesia Pratiwi, Yeni; Kurniasih, Augustina
International Humanities and Applied Science Journal Volume 4, Issue 1, 2021
Publisher : Universitas Mercu Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22441/ihasj.2021.v4i1.01

Abstract

This study aimed to examine and analyze the effect of liquidity, activity, leverage, and company growth on profitability. The objects of this research were property and real estate companies listed on the Indonesia Stock Exchange in 2013-2017. The research sample was selected using the purposive sampling method. The research population comprised of 48 companies, in which 31 companies met the sample criteria. The analytical method used in this study was panel data regression. The results showed that the best panel model was the fixed effect model. It was found that liquidity, activity, leverage, and company growth simultaneously significantly influenced profitability. Partially, the company’s activities and growth had a positive and significant effect on profitability, leverage had a negative and significant effect on profitability, while liquidity had no significant effect on profitability. Activity was the variable which had the biggest effect on profitability.
INTELLECTUAL CAPITAL BANK BUMN TERBUKA DAN PENGARUHNYA TERHADAP KINERJA PERUSAHAAN Augustina Kurniasih; Heliantono Heliantono
MIX: JURNAL ILMIAH MANAJEMEN Vol 6, No 2 (2016): MIX: Jurnal Ilmiah Manajemen
Publisher : Universitas Mercu Buana

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Abstract

Abstract. This study aims to find empirical evidence of intellectual capital conditionand the performance of listed state-owned banks, and the impact of intellectual capitalon the profitability of the company. The results showed that the financial performanceof listed state-owned banks as measured by profitability (ROA) was generally higher inthe period from 2010 to 2012, then decreased in the period 2013-2015. The highestprofitability performance in the 2010-2015 period is PT Bank Rakyat Indonesia. Theexistence of intellectual capital in the listed state-owned banking company affect itsfinancial performance. The better the company able to manage its intellectual capitalthe have, the greater the value of Return on Assets (ROA) generated by the company.Structural capital (SCE) is positive but not significant effect on the financialperformance of listed state-owned company in the financial sector. Capital employedefficiency is significant and have positive effect on the financial performance of thelisted state-owned enterprises in financial sector.Keywords: corporate performance, intellectual capital, state Tbk.Abstrak. Penelitian ini bertujuan menemukan bukti empiris kondisi intellectual capitaldan kinerja bank BUMN Tbk, serta pengaruh intellectual capital terhadap profitabilitasperusahaan. Hasil penelitian menunjukkan bahwa kinerja keuangan Bank BUMN Tbkyang diukur dengan profitabilitas (ROA) secara umum meningkat pada periode 2010-2012, kemudian menurun pada periode 2013-2015. Kinerja profitabilitas tertinggi padaperiode 2010-2015 ditunjukkan oleh PT Bank Rakyat Indonesia. Keberadaanintellectual capital pada perusahaan perbankan BUMN mempengaruhi kinerjakeuangan perusahaan. Semakin baik perusahaan mampu mengelola intellectual capitalyang mereka miliki, maka akan semakin besar pula nilai Return on Aset (ROA) yangdihasilkan oleh perusahaan. Structural capital (SCE) berpengaruh positif namun tidaksignifikan terhadap kinerja keuangan perusahaan BUMN Terbuka sektor keuangan.Capital employed efficiency berpengaruh positif signifikan terhadap kinerja keuanganperusahaan BUMN Terbuka sektor keuangan.Kata Kunci: kinerja perusahaan, intellectual capital, BUMN Tbk
ANALISIS PENGARUH MULTIFAKTOR TERHADAP RETURN SAHAM DI INDONESIA Sutarso Sutarso; Augustina Kurniasih; Luna Haningsih
Jurnal Manajemen Vol. 20 No. 3 (2016): October 2016
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jm.v20i3.17

Abstract

This study aims to examine and analyze the effect of market, size, value and sharia factor on the stock return in Indonesia. Research data is monthly data for 5 years observation period from 2009 until 2013. The population in this research is all listed stock in Indonesia Stock Exchange on observation period. The sampling method used was purposive sampling. The method of analysis used multiple regresion. The results showed that market factor, firm size, BE/ME ratio and sharia factor was significantly affect stock return. Market factor was significantly positive affect stock return. Firm size was significantly positive affect stock return on small firm size and negative affect on big firm size. BE/ME ratio was significantly positive affect stock return on high BE/ME ratio and negative affect on low BE/ME ratio. Sharia factor was significantly positive affect sharia stock return and negative affect on non sharia stock return. In general, the market factor is the factor that most strongly affect stock return than any other factor.
DETERMINAN INTERNAL DIVIDEND PAYOUT RATIO PERUSAHAAN FARMASI TERDAFTAR DI BURSA EFEK INDONESIA Zulkifli Zulkifli; Endri Endri; Augustina Kurniasih
Jurnal Keuangan dan Perbankan Vol 21, No 2 (2017): April 2017
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (248.333 KB) | DOI: 10.26905/jkdp.v21i2.311

Abstract

This study aimed to examine and analyze the effect of the internal determinant of dividend payout ratio pharmaceutical company, annual data observation period 2008 until 2014. The type of this study was quantitative research. The population of the research was the entire pharmaceutical company consisting of 10 companies. The sampled criteria were pharmaceutical companies that consistently paid cash dividends. There were 6 companies listed in Indonesia Stock Exchange with non-probability sampling technique namely purposive sampling. Data analysis using panel data regression fixed effect which had larger R square value. The results showed that current ratio, return on assets, debt to equity ratio, earnings growth, return on equity, earnings per share and market to book value simultaneously were having significant influence to the dividend payout ratio. Partially return on assets and market to book value had a positive significant effect on the dividend payout ratio, while current ratio, debt to equity ratio and return on equity had a significant negative effect. Earnings growth and earnings per share did not have a significant influence on the dividend payout ratio. It was suggested to add external variables factors using more samples of companies. 
KAJIAN PENERAPAN BLUE OCEAN STRATEGY PADA PEMBIAYAAN SINDIKASI SKIM MUSYARAKAH MUTANAQISHAH Eko Tama Putra Saratian; Alugoro Mulyowahyudi; Augustina Kurniasih
Jurnal Ilmiah Manajemen dan Bisnis Vol 5, No 1 (2019): Jurnal Ilmiah Manajemen dan Bisnis
Publisher : Universitas Mercu Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22441/jimb.v5i1.5629

Abstract

Penelitian ini bertujuan untuk menganalisis penerapan blue ocean strategy pada pembiayaan sindikasi skim musyarakah mutanaqishah di Bank Syariah X. Adapun identifikasi masalah pada penelitian yaitu ketatnya persaingan di Industri Perbankan dan adanya fluktuasi pertumbuhan pembiayaan. Strategi yang saat ini digunakan mengacu pada konsep marketing mix 7P (product, price, place, promotion, people, process, physical evidence), namun dibutuhkan strategi baru untuk menjauh dari persaingan yang ketat tersebut. Desain penelitian dalam penelitian ini adalah pendekatan kualitatif. Metode sampling yang digunakan yaitu purposive sampling, dengan analisis data melalui observasi dan in-depth interview dari sumber partisipan internal dan eksternal Bank Syariah X dengan tingkat jabatan manajerial. Hasil penelitian menunjukkan competing factors pada pembiayaan sindikasi skim musyarakah mutanaqishah yaitu, Harga (Pricing), Service Level Agreement (SLA), Manajemen Relasi, Account Holder, Account Executive dan Jaringan Kantor. Dalam pemenuhan rangkaian syarat untuk menentukan ide blue ocean strategy yang layak secara komersial, pembiayaan sindikasi skim musyarakah mutanaqishah dapat memberikan manfaat kepada pembeli, menekan harga, dan pengadopsian strategi yang baik, namun belum dapat menekan biaya secara signifikan.