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<![CDATA[FAKTOR-FAKTOR YANG BERPENGARUH TERHADAP KEBIJAKAN HEDGING PERUSAHAAN DI INDONESIA ]]>
<![CDATA[Bodroastuti, Tri]]>;
<![CDATA[Paranita, Ekayana Sangkasari]]>;
<![CDATA[Ratnasari, Lia]]>
<![CDATA[ Valid Jurnal Ilmiah Vol 16 No 1 (2019) ]]>
Publisher : <![CDATA[Sekolah Tinggi Ilmu Ekonomi AMM Mataram ]]>
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<![CDATA[Hedging is an action taken to protect companies from exposure to exchange rates. Exposure to exchange rate fluctuations is the vulnerability of firms affected by exchange rate fluctuations. This study aims to analyze the factors that affect the company's hedging policy. The population is a nonfinancial manufacturing company listed on the Indonesia Stock Exchange (IDX) for the period of 2011-2015. The data used comes from the financial statements of each company. The analysis technique used is logistic regression analysis. The research findings show that growth opportunity negatively affect the company's hedging policy, while liquidity, firm size, financial distress, leverage, and managerial ownership have a positive effect on company's hedging policy. This finding is expected to be a consideration for investors before investing in manufacturing companies in BEI.]]>
<![CDATA[ANALISIS PENGARUH KEBIJAKAN HEDGING DENGAN INSTRUMEN DERIVATIF VALUTA ASING DAN VARIABEL-VARIABEL VALUE DRIVERS TERHADAP NILAI KEKAYAAN PEMEGANG SAHAM (Studi Empiris Terhadap Perusahaan Nonfinansial yang Terdaftar di Bursa Efek Jakarta tahun 2000-2003) ]]>
<![CDATA[Paranita, Ekayana Sangkasari]]>
<![CDATA[ JURNAL BISNIS STRATEGI Vol 15, No 1 (2006): Juli ]]>
Publisher : <![CDATA[Magister Manajemen, Fakultas Ekonomika dan Bisnis Undip ]]>
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DOI: 10.14710/jbs.15.1.1-21
<![CDATA[The fluctuation of foreign currency exchange has given a negative influence towards cash flow and firm's value, and it also threats the related-company survive. In the other hand, the company obligates to maximize the shareholder's value. Therefore, to anticipate the negative influence of foreign exchange fluctuation and also to prevent it for the shareholder's importance, thus partly firms have done a hedging policy with foreign exchange derivative instrument. This research has been done to achieve the implication of good managerial both for the investors or the management.This research aims to analyze the influence of hedging policy and foreign exchangederivative instrument towards the shareholder's value with value-drivers control variables. The shareholders value uses Market-to-Book Value of Equity ratio (MBE) indicator. The hedging policy is reflected dummy variable. Whereas the variable control that is used is Total Asset Turnover (TAT), Operating Profit Margin (OPM), Net Fixed Asset to Total Asset (NFA TA), Current Ration (CR), and Debt to Equity Ratio (DER). The type of data that is used is secondary data that gained from !GMO 2003 - 2004 and JAKARTA STOCK EXCHANGE web site. The research population is the whole non-financed companies in JAKARTA STOCK EXCHANGE. The purposive sampling with full sample method gains 104 emitters as the sample during the period of 2000 - 2003. This research uses regression analysis with Least Square Dummy Variable (LSDV) model. The hypothesis test uses t test and F test with 5 % significant level. This research result shows that the hedging policy with foreign exchange derivative instrument in JAKARTA STOCK EXCHANGE does not influence the shareholders value. This is caused by the characteristic of JAKARTA STOCK EXCHANGE that have emerging market characteristic, whereas the United States' stock exchange has developed market characteristic. Then the whole of control variables both partiallyor simultanly contributes a significant influence towards the increasing of shareholders value.]]>
<![CDATA[The Effect of Agency Costs on Hedging Policy in Indonesian Public Companies ]]>
<![CDATA[Paranita, Ekayana Sangkasari]]>;
<![CDATA[Aditya, Elma Muncar]]>
<![CDATA[ JDM (Jurnal Dinamika Manajemen) Vol 11, No 1 (2020): March 2020 (DOAJ Indexed) ]]>
Publisher : <![CDATA[Department of Management, Faculty of Economics, Universitas Negeri Semarang ]]>
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DOI: 10.15294/jdm.v11i1.22566
<![CDATA[The purpose of this study is to examine the effect of agency costs on company hedging policies. This study use the concept of hedging policies derived from synchronizing foreign exchange derivatives based on agency theory and hedging with foreign exchange debt based on balancing theory. The novelty of this research is the application of the synthesis of agency theory and balancing theory as indicators of hedging policies. The hedging policy based on foreign exchange derivatives is synchronized with the hedging policy based on foreign debt. The population was companies listed on the Indonesia Stock Exchange (IDX) in 2012-2017. Using the purposive sampling method, 78 companies for each year from 2012 - 2017 were obtained with a total of 468 data. This research used a panel data regression method. The hypotheses were tested with the Hausman Test, which shows the best research model is the Fixed Effect Model. The results of the study concluded that financial distress and underinvestment had a significant positive effect on hedging policies, while business risk did not affect hedging policies because most companies had relatively low foreign sales. The findings of this study have theoretical implications that support agency and balancing theory.]]>
<![CDATA[Estimasi Penilaian Build Operate and Transfer Atas Aset Daerah Pemerintah Kota Semarang yang Berpotensi Sebagai Wahana Wisata Alam Guna Peningkatan Pendapatan Asli Daerah ]]>
<![CDATA[Paranita, Ekayana Sangkasari]]>
<![CDATA[ Jurnal Ilmiah Aset Vol 10 No 2 (2008): Jurnal ASET Volume 10 No 2 ]]>
Publisher : <![CDATA[STIE Widya Manggala ]]>
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<![CDATA[The purpose of this research is to estimate the value of build operate and transfer (BOT) of regional asset of Semarang municipal government which has potential as natural tourism resort. All this time, a number of assets of Semarang municipality haven’t been managed optimally. At the beginning of 2008, Semarang municaplity through its legal website offered its assets to the investors to be organized cooperately. It pursued to the investors and could be contributed in enchancing regional income. The research estimates the value of BOT of asset of Semarang municipal government which has potency as natural tourism resort based on evaluation approaches that meet Indonesian Evaluation Standard of 2007. By the scenario of BOT cooperation, asset of land in Sodong is expected to be optimally managed, give contribution to regional income, and at the of BOT period, Semarang municipalty could have natural tourism resort as it profitable asset.]]>
<![CDATA[Analisis Pengaruh Rentabilitas, Solvabilitas dan Likuiditas terhadap Nilai Perusahaan ]]>
<![CDATA[Nurhasanah, Silva]]>;
<![CDATA[Paranita, Ekayana Sangkasari]]>
<![CDATA[ Jurnal Ilmiah Aset Vol 21 No 2 (2019): Jurnal ASET Volume 21 No 2 ]]>
Publisher : <![CDATA[STIE Widya Manggala ]]>
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<![CDATA[This study aims to analyze the effect of profitability ratios, solvency ratios, and liquidity ratios towards firm value of the public companies listed on the Indonesia Stock Exchange in the period 2015-2017. The population is twelve automotive and component subsector companies. Sampling of this study was conducted using purposive sampling technique. Data is in the form of secondary data from each company’s financial statements from the Indonesian Stock Exchange website. The analytical method used is multiple linear regression analysis. The results show that of the ratios that measure the company’s financial performance, only the profitability ratio has a significant positive effect on firm value. The solvency ratio and the liquidity ratio does not significantly influence the firm value. But simultaneously, the three financial ratios show a significant positive effect towards firm value. This research model is quite strong, because all three variables contribute highly in explaining variations in firm value.]]>
<![CDATA[Peningkatan Literasi Keuangan di Kampung Makan Rafel’s Jakarta Barat ]]>
<![CDATA[Paranita, Ekayana Sangkasari]]>;
<![CDATA[Syukron Harahap, Azami]]>
<![CDATA[ International Journal of Community Service Learning Vol 4, No 3 (2020): August 2020 ]]>
Publisher : <![CDATA[Universitas Pendidikan Ganesha ]]>
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DOI: 10.23887/ijcsl.v4i3.28858
<![CDATA[Kampung Makan Rafel’s merupakan Pujasera kecil di Jakarta Barat yang tenant dan pengelolanya mengalami kesulitan operasional karena rendahnya perputaran kas. Para tenant dan pengelola belum kenal sumber pembiayaan terpercaya, belum paham pengelolaan keuangan, dan belum paham investasi. Rendahnya tingkat literasi keuangan sangat memprihatinkan karena beresiko buruk terhadap kelangsungan usaha. Program pengabdian kepada masyarakat ini bertujuan meningkatkan literasi keuangan para tenant dan pengelola Kampung Makan Rafel’s. Metode dalam edukasi literasi keuangan meliputi persiapan, pendampingan literasi keuangan, serta monitoring dan evaluasi. Program pendampingan literasi keuangan menghasilkan kemajuan positif terbukti dari peserta paham produk dan jasa keuangan, muncul kesadaran menabung, terampil mengisi buku kas sebagai sarana perencanaan keuangan, dan paham instrumen investasi yang aman. Hal ini berimplikasi bahwa para tenant dan pengelola Kampung Makan Rafel’s sebaiknya tetap dipantau literasi keuangannya, sehingga dapat mempertahankan usahanya secara berkesinambungan.]]>
<![CDATA[Empowerment of Homestay Owners for Business Standards Fulfilment ]]>
<![CDATA[Levyda Levyda]]>;
<![CDATA[Ekayana Sangkasari Paranita]]>;
<![CDATA[Giyatmi Giyatmi]]>
<![CDATA[ Jurnal Pemberdayaan Masyarakat Madani (JPMM) Vol 4 No 1 (2020): Jurnal Pemberdayaan Masyarakat Madani (JPMM) (DOAJ & SINTA 3 Indexed) ]]>
Publisher : <![CDATA[Fakultas Ekonomi Universitas Negeri Jakarta ]]>
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DOI: 10.21009/JPMM.004.1.04
<![CDATA[Increasing the number of tourists to Harapan Island in the Kepulauan Seribu triggers an increase in the number of homestays. But there are still many homestays that do not meet operational standards. The purpose of empowerment is to increase the capability of homestay owners in meeting business standards. The analytical method used is a method of self reflection. The participants are guided by the facilitators for self-reflection on the homestay and its management. Most homestays have two rooms. Most homestays are separate from where the owner lives, only a few offer homestays with the owner. Most homestays do not have signage, do not provide kitchen facilities for guests, and have no complaint records. The majority of homestay owners have not yet attended homestay and ‘sapta pesona’ training. The interaction between homestay owners and guests is relatively low because most guests book rooms through travel agents. Therefore, most homestay owners do not record guest identity. Most homestay owners also do not have a special room for administrative activities, and do not do regular guest and financial administration activities. The capabilities of homestay owners in meeting business standards vary so that empowerment activities are strongly recommended.]]>
<![CDATA[FAKTOR-FAKTOR YANG BERPENGARUH TERHADAP KEBIJAKAN HEDGING PERUSAHAAN DI INDONESIA ]]>
<![CDATA[Tri Bodroastuti]]>;
<![CDATA[Ekayana Sangkasari Paranita]]>;
<![CDATA[Lia Ratnasari]]>
<![CDATA[ Valid: Jurnal Ilmiah Vol 16 No 1 (2019) ]]>
Publisher : <![CDATA[Sekolah Tinggi Ilmu Ekonomi AMM ]]>
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<![CDATA[Hedging is an action taken to protect companies from exposure to exchange rates. Exposure to exchange rate fluctuations is the vulnerability of firms affected by exchange rate fluctuations. This study aims to analyze the factors that affect the company's hedging policy. The population is a nonfinancial manufacturing company listed on the Indonesia Stock Exchange (IDX) for the period of 2011-2015. The data used comes from the financial statements of each company. The analysis technique used is logistic regression analysis. The research findings show that growth opportunity negatively affects the company's hedging policy, while liquidity, firm size, financial distress, leverage, and managerial ownership have a positive effect on company's hedging policy. This finding is expected to be a consideration for investors before investing in manufacturing companies in BEI]]>
<![CDATA[Peningkatan Kualitas Layanan Satu Pintu di Kota Semarang dengan Penerapan Hard Skill dan Soft Skill ]]>
<![CDATA[Tantri Widiastuti]]>;
<![CDATA[Elma Muncar Aditya]]>;
<![CDATA[Ekayana Sangkasari Paranita]]>
<![CDATA[ Jurnal Aplikasi Manajemen Vol 13, No 3 (2015) ]]>
Publisher : <![CDATA[Jurusan Manajemen Fakultas Ekonomi dan Bisnis Universitas Brawijaya ]]>
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<![CDATA[Abstract: Service one door or one stop service (OSS) is a step that can be applied in variousareas in order to increase investment and the one-stop service is expected in reducing thebureaucrat, therefore the process of licensing become shorter. In general, this study aims toimprove the satisfaction of investors who are conducting the licensing process in Semarang.There are 50 employees who are likely to occupy the part of the ministry, therefore thenumber of employees who take the test reach 50 employees who have been appointed by thehead of the Badan Pelayanan Perijinan Terpadu (BPPT). The data analysis uses IPA (Importanceand Performance Analysis). The results showed that (1) employees’ IQ in terms of hardskills at Badan Pelayanan Perijinan Terpadu (BPPT) Semarang are in the level of average.The test that has taken showed less score in terms of the pace of work, precise work, jobstability and work endurance. As for soft skills, which are still getting less score is communication,self-confidence, self-control and emotional stability, showing that only 14 employeeswho meet the qualifications for employment services (front desk) that directly deal with therespondent (front desk). (2) Analysis of the level of satisfaction of respondents indicated thatthe services provided to the respondents do not meet the wishes of the respondents as theaverage value of the performance was lower than expectations of respondents. (3) Takinginto account the hard skills and soft skills of employees in the public service model thatsatisfy investors, the satisfaction of investors who are conducting the licensing process canbe increased.Keywords: services of the door, hard skills and soft skills]]>
<![CDATA[Soft Skill Sebagai Upaya Peningkatan Kualitas Layanan Satu Pintu di Kota Semarang ]]>
<![CDATA[Tantri Widiastuti]]>;
<![CDATA[Elma Muncar Aditya]]>;
<![CDATA[Ekayana Sangkasari Paranita]]>
<![CDATA[ Jurnal Aplikasi Manajemen Vol 12, No 1 (2014) ]]>
Publisher : <![CDATA[Jurusan Manajemen Fakultas Ekonomi dan Bisnis Universitas Brawijaya ]]>
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<![CDATA[Abstract: The purpose of this research is to increasing the service quality of (BPPT) Kota Semarang staffs by optimizing their soft skills. This research is comparing the service quality of BPPT Kota Semarang staffs before and after training. The result of this research showed that the given soft skill training was only able to contribute positively on permit applicant’s satisfaction of four instruments. The four instruments were complaint, staff politeness and hospitality, and staff speed and responsiveness in giving service. However, of the four instruments that were related to human resource were staff politeness and hospitality and staff speed and responsiveness in giving service while the adjustment of paid fee and fixed fee and complaint facility influenced by the system. Keywords: soft skills , quality of service.]]>
