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PENGARUH DETERMINAN P/E DAN P/E RASIO TERHADAP KEPEMILIKAN INSTITUSI : STUDI DI BURSA EFEK INDONESIA TAHUN 2004-2008 Anggraini, Mita; Mahastanti, Linda Ariany
Jurnal Manajemen dan Keuangan Vol 9, No 1 (2009): Jurnal Manajemen dan Keuangan
Publisher : Jurnal Manajemen dan Keuangan

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Abstract

Institutional investors needs analysis in making decisions for investing activities. Analysis of the most widely used is the fundamental analysis approach is through a P/E ratio. P/E (price earnings ratio) can be interpreted as an indicator of market confidence in the companys growth prospects in the future. High P/E indicates that the better performance of the company and this caught a lot of institutional investors to buy shares so that the percentage of institutional ownership in the company will be many. And investor institutions have hope will get high profit. The factors that influence the P/E has significance for investors before making an investment decision. Because of these factors predicted to influence the rise and decline of P/E. This study aims to determine the effect of P/E and P/E determinant of institutional ownership. This study uses panel regression analysis model to analyze the data using 25 sample manufacture  companies listed on stock exchanges of Indonesia. The result indicated that DPR does not affect the P/E ratio, ROE affect the P/E ratio but has a negative coefficient, variable BV did not affect the P/E ratio and P/E ratio does not affect ownership of the institution ownership Key words: the determinant of P/E, P/E ratio and institutional investors
BIAS GENDER DALAM AKSES KREDIT PERBANKAN (Studi pada Pengusaha Mikro dan Menengah di Salatiga) Mahastanti, Linda Ariany; Nugrahanti, Yeterina Widi
Modus Journals Vol 25, No 2 (2013): MODUS
Publisher : Faculty of Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/modus.v25i2.559

Abstract

Women-owned business are often thought to face difculties in applying for and securing bank loans. They face any systematic non-economic discrimination in applying  for credit. We test two question related to the success of women owned business in accessing commercial bank fnancing. First, are women-owned business less likely to apply for bank loan than business owned by man?, second if approved on their most recent application, are they more likely to receive a smaller loan?. Using quantitative methodologies with logit and multiple regression analysis, this study explores bias gender in applying bank loan at SMEs in Salatiga. We found gender to be related the size of the loan but not to be to the application for bank loan. These fnding may due to an omitted variable that could capture women’s concerns about maintaining control over their business.Keywords  : Women-owned business, small and medium business, bank, credit availability, gender
FENOMENA PERATAAN LABA DI INDONESIA: GARBLING VS SIGNALLING Pratiwi, Setha Octatiasari; Mahastanti, Linda Ariany
AMONG MAKARTI Vol 6, No 1 (2013): AMONG MAKARTI
Publisher : Jurnal Ilmiah Among Makarti, STIE AMA Salatiga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52353/ama.v6i1.79

Abstract

Abstract The purpose of this study is to analyze whether the phenomenon of income smoothing in Indonesia is signalling or garbling. The sample in this study was 10 manufacture companies which released financial statement since 2010-2012 and published obligation. Using Tucker and Zarowin’s income smoothing statistic, this study discovered companies with high level of income smoothing and companies with low level of income smoothing. Descriptive statistic test with mean, maximum and minimum analysis tools were used in this study to analyze the difference between companies with high yield and companies with low yield and to analyze the difference of company characteristics of companies with signaling income smoothing and companies with garbling income smoothing. Study results showed that the income smoothing phenomenon in Indonesia tended to be garbling. It showed that investors in Indonesia were more selective in making investment decision. Keywords: income smoothing, cost of debt, garbling, signalling, profit
Capital Aset Pricing Model (CAPM) Revisited: The Context of Sharia-based Stocks with the Barakah Risk Premium Variable Linda Ariany Mahastanti; Marwan Asri; Bernadus M. Purwanto; Eddy Junarsin
Jurnal Keuangan dan Perbankan Vol 25, No 2 (2021): April 2021
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jkdp.v25i2.5572

Abstract

The purpose of this study is to answer the question about the inconsistency of research results in the field of Islamic stock investment. This study uses literature for digging the uniqueness of Sharia stock investments which cannot be explained completely with a quantitative approach. In the last part of this research, we adjust the Capital Asset Pricing Model (CAPM) in the Sharia capital market based on a literature study. The classical finance theories such as CAPM need to adjust by incorporating the unique characteristics of faith-based investment products. The main difference between faith-based and conventional investment products lies in the presence of religious teachings that underlie the formation of these products. Consequently, investors employ not only the objective risk-and-return analysis to select investment choices, but also the subjective risk-and-return analysis based on Islamic teachings. Subjective gains (nonmonetary) are reflected by the barakah risk premium on which investors initially base their investment selection decisions between sharia-based and conventional stock investment. This research found a new variable called Barakah risk premium and Barakah return. This type of risk and return are very specific which is only found in sharia stock investments DOI : https://doi.org/10.26905/jkdp.v25i2.5572
Peranan Wanita Pendamping Suami Menjalankan Bisnis Keluarga Dalam Pengembangan Bisnis Studi Industri Kecil Kerupuk di Tuntang Kabupaten Semarang Linda Ariany Mahastanti; Yeterina Widi Nugrahanti
Jurnal Siasat Bisnis Vol. 14 No. 1 (2010)
Publisher : Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia

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Abstract

The phenomenon of women working to fulfill their families’ needs in times of economic crisis is very interesting. This research focused on women co-entrepreneur who cooperated with their husbands in running their business. This research has been undertaken in Tuntang Semarang. The method of collecting data utilized descriptive statistic with questionnaire and in-depth interview with key persons. Findings examined whereas women co-entrepreneurs have barrier to operate their business like season, raw materials, financial capital and managerial, they have motivation to work due to improving their family prosperity. Keywords: women co-entrepreneur, motivasi, peran, hambatan, tuntang
MENTAL ACCOUNTING DAN VARIABEL DEMOGRAFI : SEBUAH FENOMENA PADA PENGGUNAAN KARTU KREDIT Linda Ariany Mahastanti
KINERJA Vol. 16 No. 2 (2012): Kinerja
Publisher : Faculty of Business and Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/kinerja.v16i2.360

Abstract

The aim of this research is to analysis relationships of demographic factor towards mental accounting inusing credit card. Demographic factors which use in this research is sex, age, and income. Researcher takesthe sample from the employees of Bumi Arta bank, Tbk. Surakarta which have and use credit card. To analysisthe primary data, the writer use chi-square test as a tool. The result of this research shows that sex and incomehave relationships on mental accounting in using credit card.Keywords : Demographic factors, mental accounting, credit
Faktor-Faktor Yang Dipertimbangkan Investor Dalam Melakukan Investasi Linda Ariany Mahastanti
Jurnal Manajemen Teori dan Terapan | Journal of Theory and Applied Management Vol. 4 No. 3 (2011): Jurnal Manajemen Teori dan Terapan - Desember 2011
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (150.155 KB) | DOI: 10.20473/jmtt.v4i3.2424

Abstract

Investor has many options in an investment with the current number of investment instruments. Previous studies of retail investor behavior have examined motivation from economic perspectives or studied relationships between economic, behavioral and demographic variables. Examination of the various utility-maximization and behavioral variables underlying individual investor behavior provides a more comprehensive understanding of the investment decision process. This research will examine the seven factors that considered investors' decisions to invest, and investor behavior in taking the decision to invest. The data used are primary data that obtained by sending questionnaires through via email at Danareksa investors domiciled in Salatiga and Semarang. The analysis method used is tabulation frequencies and cross tabulation (Crosstab). Based on the results of the research, it is known that the factors that considered investor' decisions is Neutral Information and Accounting Information factor. For the result of demographic aspects effect research against investment decision is investor who are aged 25-29 and 50-54 years which is considered all of the factors. While for sex, female consider many factors than male. For educational level with high educational level makes the investor pay attention to the factors that associated with investment decisions, and investors who invest for 1-3 years old considering many factors before making investment decisions.
Perbandingan Tingkat Akurasi Model Prediksi Financial Distress pada Perusahaan Sektor Property dan Real Estate Linda Ariany Mahastanti; Astri Dian Utami
AFRE (Accounting and Financial Review) Vol 5, No 1 (2022): March
Publisher : Postgraduate Program Merdeka University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/afr.v5i1.7526

Abstract

This study aims to find the most accurate financial distress prediction model for use in the property and real estate sectors listed on the Indonesia Stock Exchange. The financial distress prediction models used in this study are the Altman model, the Springate model, the Zmijewski model, and the Grover model. The population in this study amounted to 79 of property and real estate sector companies listed on the IDX. There are 28 companies in this study that were used as research samples with a total of 112 observations for 4 periods. The sampling process used a purposive sampling technique. The data analysis method used is a different test using McNemar Test on SPSS version 26, the data from the model predictions are compares with sample category 1 (financial distress) and category 0 (non-financial distress). This study also uses robustness check to test the robustness of the first prediction results. The results showed that Grover model was the most accurate predictive model with an accuracy rate of 88 percent, then the Altman model at 76,8 percent, the Springate model at 55,3 percent, and the Zmijewski model at 68 percent.
Analisis pengaruh Financial Literacy dan Locus of Control sebagai variabel moderating terhadap Management Behaviour Emawati Natan; Linda Mahastanti
Owner : Riset dan Jurnal Akuntansi Vol. 6 No. 3 (2022): Artikel Volume 6 Issue 3 Periode Juli 2022
Publisher : Politeknik Ganesha Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33395/owner.v6i3.985

Abstract

Financial management Behavior needs to be carried out by every individual, including students. However, not all individuals are accustomed to financial management behavior. Financial management behavior in students is thought to be influenced by financial literacy, student locus of control through locus of control as a moderating variable. The purpose of this study was to analyze the effect of financial literacy and locus of control on financial management behavior with locus of control as a moderating variable. Quantitative research is the  type of research used. Questionnaires were used as a data collection technique. The total population of the study was 2,338 active undergraduate students. Purposive sampling was used for sampling. Classical assumption test, validity test, reliability test and regression analysis were used as a technique for data analysis and used SPSS 21 software. This study resulted in 1) There is a positive and significant effect of financial literacy on financial management behavior in students. 2) There is a positive and significant influence of locus of control on financial management behavior in students. 3) There is an influence of financial literacy on financial management behavior with locus of control as a moderating variable.
Integration of Indonesian Capital Market and ASEAN Capital Market: A Study during the Covid-19 Pandemic Linda Ariany Mahastanti; Ursula Brigitta Anggun Dwiandaru Oktavia
Jurnal Keuangan dan Perbankan Vol 26, No 3 (2022): JULY 2022
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jkdp.v26i3.7813

Abstract

This research was conducted to examine the integration of the Indonesian capital market with the capital markets of other countries in ASEAN before and during the COVID-19 pandemic, so the results of this study are expected to provide an overview for investors in making investment decisions. Investment decision-making, especially in international diversification. The sample used in this study is the capital market index of Indonesia, Malaysia, Singapore, the Philippines, Thailand, and Vietnam. The analysis technique uses the Vector Error Correction Model (VECM). The analytical tool used is Eviews 11 software. The results show that there is proven integration between the Indonesian capital market and the capital markets of Malaysia, Singapore, the Philippines, Thailand, and Vietnam. In addition, this research also states that there is an increase in the integration of the Indonesian capital market with the capital markets that are members of the ASEAN Exchange, especially during the Covid-19 period.