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Pengaruh Struktur Kepemilikan dan Ukuran (Size) Perbankan Terhadap Kinerja Perbankan 2009-2014 Henny Ritha
Transparansi : Jurnal Ilmiah Ilmu Administrasi Vol 8, No 2: september 2016
Publisher : Institut Ilmu Sosial dan Manajemen STIAMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (466.903 KB) | DOI: 10.31334/trans.v8i2.65

Abstract

The ownership structure and size is an important part of long-term survival of banking industry, both of which can affect  the quality of manager (agent) to manage a bank, and encourage shareholders (principals) to manage banking operations in order to improve the performance of the banking system.This study is conducted to analyze the effect of Ownership Structure and size of banks on banks performance. Both Ownership structure which is represented by Institutional Ownership and Managerial Ownership and.size are independend variables, with Return On Equity is used as a proxy for performance valuation. This study used 6 samples of banks listed in Indonesian Stock Exchange for the period 2009-2014. Technique analysis used panel data regression analysis with Microsoft Excel 2003 data processing and Eviews.8. From the results of the panel data processing, the Common Effect Model approach is obtained as the best model for estimating panel data regression model. The research proves that managerial ownership and banks size  have significant impact on banks performance, meanwhile institutional ownership has no significant impact on banks performance. Simultaneously, the three variables have a significant effect and contributed 63.07 percent to the banks performance in Indonesian Stock Exchange from 2009 to 2014, meanwhile the remaining 36,93 percent is  influenced by other variables.Researcher suggests prolonging the research period, extending the sample criteria and increasing the ownership structure of foreign ownership, the government and society as well as adding the variable of Price Earning Ratio (PER) as a proxy for banking performance.
Pengaruh Laba Per Lembar Saham, Dividen Per Lembar Saham Dan Pengungkit Keuangan Terhadap Harga Saham Perusahaan Otomotif Yang Terdaftar di Bursa Efek Indonesia Periode 2006-2010 Henny Ritha; Luna Mukti Lestari
Transparansi : Jurnal Ilmiah Ilmu Administrasi Vol 6, No 2: september 2014
Publisher : Institut Ilmu Sosial dan Manajemen STIAMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31334/trans.v6i2.40

Abstract

This study aimed to determine the effect of Earnings Per Share, Dividend Per Share and the Financial Leverage of the company's stock price on auto listed in Indonesia Stock Exchange 2006-2010 period either simultaneously or partially. The method used is the method of documentation, the data processing techniques using the Software Package for Social Sciences (SPSS) version 19.0 for windows evaluation. In conducting this study the authors using multiple linear regression analysis. The results either simultaneously or partially indicates that a significant difference between earnings per share, dividend per share and financial leverage on stock prices. This is evident from the calculated F and t is greater than F table (2.975) and t table (1,706). In addition, 69.3 % stock price able to be explained by the variable earnings per share, dividend per share and financial leverage. The remaining 30.7 % can be explained by other variables, such as Return On Assets (ROA), SBI Interest Rate, Price Earning Ratio (PER). The result is expected to be useful for the researchers themselves, the automotive company's management, as well as potential investors for further research. For automotive company's management should pay attention to earnings per share, dividend per share and the financial leverage that can be used to predict the rise or fall of stock prices is then to take the decision to invest.
TECHNICAL AND SCALE EFFICIENCY OF SYARIAH BANKING IN INDONESIA: DATA ENVELOPMENT ANALYSIS APPROACH Endri Endri; Henny Ritha; Puji Hadiyati
Journal of Economics, Business, & Accountancy Ventura Vol 13, No 1 (2010): April 2010
Publisher : STIE Perbanas Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v13i1.418

Abstract

So far, efficiency tends to be a very important issue for discussion. Therefore, such a topic needs attention. This is crucial when it is related syariah banking industry development. In that case, the best performance of shraiah banking can be reached sot hat it has high competitivepower in national banking industry. Besides that, it is also expected to be able for expandingthe market share. Using the non-parametric method of Data Envelopment Analysis (DEA), this study investigates the recent efficiency of the Islamic Banking operations in Indonesia over the period 2005 to 2007. The attributions of technical efficiency (utilization of capacity) and scale efficiency (optimality of scale achieved) are identified. The principal findings for the period under study indicate that technical and scale efficiency scores are improving but not optimal 100% during research period. The findings provide useful guidelines for policy implications and may also assist banks concerned with their strategic planning with regard to the future of Islamic banking
Faktor-faktor yang Mempengaruhi Kebijakan Dividen pada Bank yang Terdaftar di Bursa Efek Indonesia Henny Ritha -; Tria Anisa -
Jurnal Ekonomi Bisnis Manajemen Prima Vol. 2 No. 1 (2020): Jurnal Ekonomi Bisnis Manajemen Prima
Publisher : JEBIM Prima

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34012/jebim.v2i1.1190

Abstract

This research is aimed to analyze the effect of profitability, cash ratio, debt to equity ratio, size, and growth on dividend policy in Indonesia Stock Exchange from 2008 to 2013. The sample was selected by using purposive sampling technique. Technique analysis used panel data regression analysis with Microsoft Excel 2010 data processing and Eviews.8. From the results of the panel data processing, the Fixed Effect Model approach is obtained as the best model for estimating panel data regression model. The research proves that partially, profitability and cash ratio have negative and significant impact on dividend policy. Meanwhile, debt to equity ratio, size, and growth did not have any significant impact on dividend policy. An ability of independent variables state the dependent variable  48.78%, meanwhile the remaining  51.22% is influenced by other variables.    
KINERJA KEUANGAN PERUSAHAAN SEBELUM DAN SESUDAH PENAWARAN SAHAM PERDANA DI BURSA EFEK INDONESIA Henny Ritha; Yusi Wahmisa Kurniasari
Jurnal Akuntansi Vol 10 No 2 (2021): Edisi Agustus
Publisher : Lembaga Penelitian dan Pengabdian kepada Masyarakat Institut Bisnis dan Informatika Kwik Kian Gie

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46806/ja.v10i2.805

Abstract

The purpose of this research is to analyze differences in the company's financial performance before and after the initial public offering (IPO) on the Indonesian stock exchange using financial ratios. The research variables consisted of Current Ratio, Debt Equity Ratio, Debt Asset Ratio, Return on Equity, Return on Asset, Net Profit Margin, Fixed Asset Turnover, Turn Asset Turnover. The population in this research were companies that conducted an IPO in 2014 and selected samples based on the purposive sampling method were 14 companies. The method of data analysis uses paired test with the Wilcoxon signed ranked test. The results showed that there were no significant differences on Current Ratio, Return on Asset, Net Profit Margin, Fixed Asset Turnover and Total Asset Turnover before and after the IPO while significant differnces were found on Debt Equity Ratio, Debt Asset Ratio and Return on Equity. Keywords: Financial performance, Financial ratio, IPO. References: Arfandi, A., & Taqwa, S. (2018). Analisis Kinerja Keuangan Sebelum dan Sesudah Initial Public Offering (IPO) Pada Perusahaan Non Keuangan di Bursa Efek Indonesia. Wahana Riset Akuntansi, 6(2), 1347–1364. Brigham, E. F., & Houston, J. F. (2018). Dasar-dasar Manajemen Keuangan. Penerbit: Salemba Empat Cahyani, R. T., & Suhadak, S. (2017). Analisis Kinerja Keuangan Perusahaan Sebelum dan Sesudah Perusahaan Melakukan IPO (Initial Public Offering) Di Bursa Efek Indonesia (BEI) (Studi pada Perusahaan yang Listing Di BEI pada tahun 2013). Jurnal Administrasi Bisnis (JAB). Vol. 1. April 2017 Fitriyani, M.M. (2016). Analisis Kinerja Keuangan Perusahaan Sebelum dan Sesudah Initial Public Offering (IPO) di Bursa Efek Indonesia , Universitas Pendidikan Indonesia. repository.upi.edu | perpustakaan.upi.edu Hartono, J. (2017). Teori Portofolio dan Analisis Investasi. Edisi kesebelas. Yogyakarta: BPFE. Ikhsan, Adhisyahfitri Evalina. (2011). Initial Public Offerings dan Kinerja Keuangan. Jurnal Keuangan dan Bisnis. Vol.3 No. 3. Khatami, N., Hidayat, R. R., & Sulasmiyati, S. (2017). Analisis Kinerja Keuangan Perusahaan Sebelum dan Sesudah Initial Public Offering (IPO) di Bursa Efek Indonesia (Studi pada Perusahaan Non Finansial yang Listing di BEI Tahun 2011). Jurnal Administrasi Bisnis (JAB). Vol. 47. No. 1. Juni 2017. Kusumawati, Fitri Lita dkk. (2014). Analisis Kinerja Keuangan Perusahaan Sebelum dan Sesudah Initial Public Offering (IPO) di Bursa Efek Indonesia (Studi Pada Perusahaan yang Listing di BEI Tahun 2009). Jurnal Administrasi Bisnis (JAB). Vol. 8 No. 2. Maret 2014. Munisi, G. H. (2017). Financial performance of initial public offerings: Companies listed on Dares Salaam Stock Exchange. Banking, Economics and Business Research (ICMABEBR-19). Pastusiak, Radoslaw et al. (2016). Company Profitability Before and After IPO. Is It a Windows Dressing or Equity Dilution Effect?. Prague Economic Papers. Vol. 25. No. 01. Pusporini, Ariyanti. (2014). Dampak Initial Public Offering terhadap Kinerja Keuangan PT Verena Multi Finance Tbk. dan PT Batavia Prosperindo Finance, Tbk. Institut Pertanian Bogor. Putra, E. K., Soesetio, Y., & Wijijayanti, T. (2016). Pengaruh Kinerja Keuangan Perusahaan terhadap Pembentukan Initial Return (Studi pada Perusahaan yang melakukan Initial Public Offering (IPO) di Bursa Efek Indonesia Periode Tahun 2011-2015). Ekonomi Bisnis, 21(2), 179–189. Sugiyono. (2016). Metode Penelitian Kuantitatif, Kualitatif dan R&D. Bandung : Alfabeta. Wirajunayasa, P. A. A., & Putri, I. (2017). Analisis Kinerja Keuangan Perusahaan Sebelum dan Sesudah Initial Public Offerings. E-Jurnal Akuntansi Universitas Udayana, Vol. 19(3), 1916–1942.
PENGARUH STRUKTUR KEPEMILIKAN TERHADAP KINERJA PERUSAHAAN (STUDI EMPIRIS PADA PERUSAHAAN LQ-45 2013-2015) Henny Ritha
Aliansi : Jurnal Manajemen dan Bisnis Vol 13, No 1 (2018): Aliansi : Jurnal Manajemen dan Bisnis
Publisher : Sekolah Tinggi Manajemen IMMI Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46975/aliansi.v13i1.5

Abstract

This study is conducted to analyze the effect of Ownership Structure of LQ-45 firms’ performance. Both Ownership structure which is represented by Institutional Ownership, Managerial Ownership and Foreign Ownership are independend variables, with Retun On Equity is used as a proxy for performance valuation. This study used secondary data that consist of annual financial reports obtained from the Indonesia Stock Exchange for the period 2013 to 2015, and the number of the samples are consisting of 23 LQ-45 companies listed on the Indonesia Stock Exchange. The method used is a Multiple Linier Regression and hypothesis test namely model feasibility test (F test) and partial test (T-test). The research proves that managerial ownership has significant impact on firms LQ-45 performance, meanwhile institutional ownership and foreign ownership have no significant impact on firms LQ-45 performance. Simultaneously, the three variables have a significant effect and contributed 22.54 percent to the firm’s performance in Indonesian Stock Exchange from 2013 to 2015, meanwhile the remaining 77,46 percent is influenced by other variables. Researcher suggests prolonging the research period, extending the sample criteria and doing a qualitative study on investor behavior in investing.
PENGARUH STRUKTUR KEPEMILIKAN SEBAGAI MEKANISME CORPORATE GOVERNANCE TERHADAP KINERJA PERBANKAN Henny Ritha
Jurnal Manajemen Vol 9 No 1 (2019): November
Publisher : Lembaga Penelitian dan Pengabdian kepada Masyarakat Institut Bisnis dan Informatika Kwik Kian Gie

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46806/jm.v9i1.609

Abstract

The financial crisis has raised questions about the finance institution’s Corporate Governance. Thisstudy analysed about the mechanism of corporate governance from the ownership structuresdimension and not from the managerial / control structures. This study was aimed at analyzing theeffect of ownership structure as the corporate governance’s mechanism on banking performance. Thevariables of ownership structure consisted of institutional ownership, managerial ownership, foreignownership, and public (society) ownership with Return On Asset (ROA) as the proxy of performancemeasurement. This study used sample which consisted of 19 banking companies that listed inIndonesian Stock Exchange in the period of 2011-2016. The analytical technique used to examine thehypotheses was multiple linear regression method. The results showed that institutional ownership andmanagerial ownership had an effect on banking performance, while foreign and public ownership hadno effect on banking performance.