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All Journal Jurnal Ekonomi dan Bisnis Digital (MINISTAL) East Asian Journal of Multidisciplinary Research (EAJMR) Indonesian Journal of Business Analytics (IJBA) Formosa Journal of Multidisciplinary Research (FJMR)
I Gusti Agung Musa Budidarma Budidarma
Faculty Of Business And Economics, Klabat University
Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Industrial & Manufacturing Engineering Social Sciences

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Corporate Governance and R&D Strategic Decision Making Lee-Anne C Johennesse; I Gusti Agung Musa Budidarma Budidarma
East Asian Journal of Multidisciplinary Research Vol. 1 No. 3 (2022): April 2022
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (280.235 KB) | DOI: 10.55927/eajmr.v1i3.150

Abstract

This study seeks to develop understanding from the literature the important relationship between corporate governance mechanism especially board characteristics and R&D strategic decision making. Some board characteristics, such as board size and independence are positively associated with firm performance. Directors of different ethnic, cultural backgrounds and different nationalities stimulate a firm to improve or develop new products. Older directors are less risk-tolerant than younger ones and invest less in risky R&D investments. The effect of board size on performance is negative and significant, while it has a positive and significant impact on R&D investment. Therefore, board characteristics are the considerable factors in affecting the effective R&D strategic decision making.
Board characteristics and Bank Performance: Which factor is more important? Lee-Anne C Johennesse; I Gusti Agung Musa Budidarma Budidarma
Indonesian Journal of Business Analytics Vol. 2 No. 1 (2022): April 2022
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (312.401 KB) | DOI: 10.55927/ijba.v2i1.276

Abstract

This study seeks to find the rank of corporate governance characteristics that affect bank performance. The artificial neural network is employed in the analysis instead of regression analysis. There are two dependent variables which are ROA and PER that represents the accounting performance and the market performance. Size of the board of directors, gender diversity of the board, and board independence are the corporate governance characteristics considered in this study. Board independence is the most important factor in determining both accounting performance and market performance. However, the size of the board of directors becomes the second-factor affecting a bank’s accounting performance and the last factor affecting the bank’s market performance, while gender diversity is the last factor for accounting performance and the second factor for market performance.
The Effect of Good Corporate Governance on Banking Profitability Gebrill Kimberly Pendong; Yuansi Ester Tumilaar; I Gusti Agung Musa Budidarma
East Asian Journal of Multidisciplinary Research Vol. 1 No. 5 (2022): June 2022
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/eajmr.v1i5.488

Abstract

This study aims to determine and analyze the effect of Good Corporate Governance on profitability in the banking sector listed on the Indonesia Stock Exchange. Proxies of good corporate governance are managerial ownership, institutional ownership, the composition of independent commissioners, and the size of the board of directors, profitability is proxied by the ratio of Return on Net Operating Assets (RNOA). The sample of this research was taken using purposive sampling to obtain 43 companies that meet the criteria as a sample. The data analysis technique in this study used multiple linear regression. The results obtained in this study indicate that managerial ownership, institutional ownership, and the size of the board of directors have no significant effect on profitability, while the composition of independent commissioners has a significant effect on profitability.
Maintaining the Firm’s Performance Stability of Indonesia’s Small to Medium Enterprises (SMEs): RBV and CSV Perspective I Gusti Agung Musa Budidarma
East Asian Journal of Multidisciplinary Research Vol. 1 No. 7 (2022): August 2022
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/eajmr.v1i7.487

Abstract

The objective of this paper is to discuss the theoretical approach to pursuing firm performance stability by integrating RBV and CSV. This paper provides a literature review of RBV theory and CSV theory. Based on the theory, RBV and CSV might lead the firm to achieve a competitive advantage. The competitive advantages are superior firm resources compared to a competitor and the increasing of productivity. As a consequence, the firm's stable performance could be achieved since the firm generates more revenue, lowers costs, and then increases profit. This paper also has the managerial implication that the CSV mindset trains the manager’s attention on opportunities to take on societal and environmental challenges in innovative ways.
Pengaruh Penerapan Tata Kelola Perusahaan yang Baik terhadap Profitabilitas pada Perusahaan Consumer Goods Eirene Virginia Budikasi; Priskilia Wuwancong Jacob; I Gusti Agung Musa Budidarma
Formosa Journal of Multidisciplinary Research Vol. 1 No. 5 (2022): September 2022
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/fjmr.v1i5.1039

Abstract

Penelitian ini bertujuan untuk mengetahui dan menganalisa pengaruh dari tata kelola perusahaan yang baik terhadap profitabilitas pada sektor consumer goods yang terdaftar di Bursa Efek Indonesia. Dimana Komisaris Independen, Direktur Independen dan Komite Audit menjadi variabel bebas dan profitabilitas yang diproksikan dengan Return on Assets (ROA) dan Return on Equity (ROE) sebagai variabel terikat. Sampel pada penelitian ini diambil dengan menggunakan purposive sampling sehingga memperoleh hasil akhir sampel berjumlah 5 perusahaan consumer goods. Penelitian ini menggunakan metode analisis regresi linear berganda. Hasil penelitian ini menunjukkan bahwa komisaris independen berpengaruh signifikan terhadap ROA dan ROE, direktur independen berpengaruh signifikan terhadap ROA tetapi tidak berpengaruh terhadap ROEdan komite audit tidak berpengaruh signifikan terhadap ROA tetapi berpengaruh negatif signifikan terhadap ROE. Penelitian juga menunjukkan bahwa Komisaris Independen, Direktur Independen, dan Komite Audit secara simultan berpengaruh terhadap Return on Assets dan Return on Equity. 
The Influence of Earnings Management on Pharmaceutical Company Stock Prices Stefanie Valencia Kezia Kalengkian; Sheren Laura Lasaru; I Gusti Agung Musa Budidarma
Jurnal Ekonomi dan Bisnis Digital Vol. 2 No. 1 (2023): January, 2023
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ministal.v2i1.2577

Abstract

This research was conducted to determine and analyze the effect of earnings management on the stock prices of pharmaceutical companies in Indonesia. In this study, earnings management is the independent variable and stock prices are the dependent variable. The sample used is a pharmaceutical company listed on the Indonesia Stock Exchange. The sampling method was carried out using purposive sampling. Detection of earnings management behavior in this study was measured using the modified Jones model. The data analysis technique uses the classical assumption test, namely the multicollinearity test and the heteroscedasticity test by testing the hypothesis using multiple linear regression. The results of this study indicate that pharmaceutical companies actually practice earnings management by reducing profits as seen from the average negative discretionary accruals (DA). According to the results of the study, earnings management has no effect on the stock prices of pharmaceutical companies listed on the IDX. This means that there are other factors that will further influence the movement of pharmaceutical company stock prices in Indonesia in 2017-2021.
Co-Authors Eirene Virginia Budikasi Gebrill Kimberly Pendong Lee-Anne C Johennesse Priskilia Wuwancong Jacob Sheren Laura Lasaru Stefanie Valencia Kezia Kalengkian Yuansi Ester Tumilaar