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PENERAPAN PRICE LIMIT UNTUK MENGATASI VOLATILITAS RETURN SAHAM Maria Rio Rita; Rendhy Bramantha Wisudana
Journal of Accounting and Investment Vol 11, No 2: July 2010
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

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Abstract

Some stock markets have employed a number of circuit breakers to avoid non-rational overreaction and price limit is one of them. While price limit is widely accepted benchmarks for the prevention of market crash, the question of weather price limit reduces stock price volatility has long attracted research interest. The purpose of this study is to test volatility spillover hypothesis by examining Indonesia Stock Exchange price limit system. We use LQ-45 stocks data from August 2001-January 2002, while research period begins from 3 December 2001- 31 December 2006. The evidence supports that all hypotheses suggesting that price limit may be effective to reduce volatility.
PENGARUH CORPORATE GOVERNANCE TERHADAP PERINGKAT OBLIGASI DAN YIELD OBLIGASI Rita, Maria Rio; Sarquella, Lluis
Jurnal Manajemen dan Keuangan Vol 8, No 1 (2010): Jurnal Manajemen dan Keuangan
Publisher : Jurnal Manajemen dan Keuangan

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Abstract

This paper investigated the effect of corporate governance to bond rating and bond yield. The proxies of corporate governance are institution ownership, independent committee, and managerial ownership. Those proxies are independent variables, and the dependent variables are bond rating and bond yield.Logistic regression (logit) is used to examine first hypothesis, and multiple regression is used to examine second hypothesis. Sample are all bonds that issued period 2004-2007, and data are collected from Indonesia Stock Exchange and Bisnis Indonesia Daily.The result proved that implementation corporate governance influences bond rating. The existence of independent committee have positive effect to bond rating but the opposite effect is to bond yield. The better of corporate governance implementation the higher bond ratings but bond yields wil decrease.Keyword : Corporate governance, bond rating, and bond yield
FINANCIAL ATTITUDES DAN KOMUNIKASI KELUARGA TENTANG PENGELUARAN UANG SAKU : DITINJAU DARI PERBEDAAN GENDER Utaminingsih, Retno; Rita, Maria Rio
Jurnal Manajemen dan Keuangan Vol 8, No 2 (2010): Jurnal Manajemen dan Keuangan
Publisher : Jurnal Manajemen dan Keuangan

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Abstract

Previous researches showed that the range of financial attitudes of male and female are different. In addition, communication patterns between men and women also different, men have a tendency to be less open than women. On the one hand, there is research says that financial issues can trigger conflict affects families and personal lives and academic success. This study attempts to examine the problems using student of Faculty of Economics and Business Satya Wacana Christian University (n = 302). The results showed that there are differences in various financial attitudes between women and men, women and men have the same level of openness in family communication about spending their pocket money and financial attitudes owned by women and men can affect family communication about spending their pocket money.Keyword: Financial Attitudes, Family Communication, Gender
PENGARUH VARIABEL SOSIO DEMOGRAFI DAN KARAKTERISTIK FINANSIAL TERHADAP SIKAP, NORMA SUBYEKTIF DAN KONTROL PERILAKU MENGGUNAKAN KARTU KREDIT (Studi Pada Pegawai di UKSW Salatiga) Rita, Maria Rio; Kusumawati, Ratna
Jurnal Manajemen dan Keuangan Vol 9, No 2 (2011): Jurnal Manajemen dan Keuangan
Publisher : Jurnal Manajemen dan Keuangan

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Abstract

Recent years have seen a boom in research on new electronic payment instruments. The purpose of this research is to investigate the influence of the socio-demographic variables and financial characteristics of attitude toward subjective norm and behavioral control to use credit cards on employees in Satya Wacana Christian University Salatiga. This study used a questionnaire as a tool to collect data, and techniques of analysis used is multiple regression analysis with dummy variables. The study shows that education levels (under graduate and doctoral program) affect the subjective norm and attitude using credit card. But socio-demographic variables and financial characteristics does not simultaneously affect the attitude, subjective norm and behavioral control using credit card.Keywords: Socio Demographic Variables, Financial Characteristics, Attitude, Subjective Norms, Control Behavior, Credit Cards
LITERASI KEUANGAN DAN PERENCANAAN KEUANGAN PADA DANA PENDIDIKAN ANAK Rita, Maria Rio; Santoso, Benny
Jurnal Ekonomi Vol 20, No 2 (2015): July 2015
Publisher : Fakultas Ekonom dan Bisnis, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/je.v20i2.157

Abstract

The purpose of this study is to analyze financial literacy and financial planning on educational funds for children among housewives. The participants of this study are 100 housewives in Sidorejo Lor, Salatiga. Data collection technique is using distribution questionnaires and conducting interviews to obtain more in-depth information. The collected data was analyzed using statistic descriptive analysis approach to investigate the level of financial literacy and financial planning on the children educational funds. Based on the results of the analysis, it can be concluded that: 1) Level of financial literacy on planning children educational funds among housewives in Sidorejo Lor Salatiga is categorized high level; 2) The financial planning on the education of children among housewives in Sidorejo Lor, Salatiga is categorized high.
Shift in the Funding Theory Paradigm: From Newtonian-Positivistic to Critical-Phenomenology Maria Rio Rita; Sony Heru Priyanto
Jurnal Keuangan dan Perbankan Vol 21, No 4 (2017): October 2017
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (279.665 KB) | DOI: 10.26905/jkdp.v21i4.1510

Abstract

Theories about funding have developed rapidly, it was starting from the traditional-rational theory to the behavior-based funding theory, which response to the gap between reality and financial theories. The theoretical developments can depict the real condition of financial management involving funding decisions, investment decisions, and dividend policies in an enterprise. These developments and evolution enable financial managers and also entrepreneurs to realistically apply them in their business activities. This research used a meta-synthesis analysis technique to integrate results from a number of different but inter-related qualitative studies. There has already been a shift in the funding theory paradigm from a Newtonian paradigm which emphasizes positivistic epistemology leading to a Critical paradigm, which places more emphasis on a phenomenological approach to see the reality. This shift has resulted in many changes related to the financial essence, research related to financing, as well as the advantages of the funding or financing theory in a company. A new essence about funding has surfaced, where funding and its benefits can solve company funding problems. DOI: https://doi.org/10.26905/jkdp.v21i4.1510
Likuditas Dan Efisiensi Operasional Bank: Bagaimana Peran Moderasi Ukuran BankPerusahaan Bowi, Devi Mareta; Rita, Maria Rio
AFRE (Accounting and Financial Review) Vol 3, No 1 (2020): July
Publisher : Postgraduate Program Merdeka University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/afr.v3i1.4093

Abstract

This study empirically examines the effect of liquidity on the efficiency of banking operations in Indonesia, with moderation in company size. To measure the level of operational efficiency, the BOPO ratio is used, which is the ratio of operating costs to operating income and liquidity is proxied by the LDR (Loan to Deposit Ratio) ratio. The sample in this study were 35 state-owned (private) and private (BUSN) banks that listed and published complete financial statements on the Indonesia Stock Exchange for the period of 2016 - 2018. This study proves that LDR has a significant negative effect on (BOPO) and the size of the company moderates / weaken the influence of LDR on BOPO. The greater the size of the bank, the effect of the LDR on operational efficiency will be weaker. DOI: https://doi.org/10.26905/afr.v3i1.4093
Pengaruh Likuiditas dan Profitabilitas Perbankan Syariah dengan Moderasi Efisiensi Operasional Rizqa Ratna Febrista; Maria Rio Rita
FINANSIA : Jurnal Akuntansi dan Perbankan Syariah Vol 3 No 1 (2020): FINANSIA : Jurnal Akuntansi dan Perbankan Syariah
Publisher : Fakultas Ekonomi Dan Bisnis Islam IAIN Metro

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (794.811 KB) | DOI: 10.32332/finansia.v3i1.1982

Abstract

Sharia Commercial Banks will have high asset growth rates if they are balanced with a healthy bank performance. The distribution of financing illustrates the ability of bank liquidity that results in increased profitability. It turns out there are other factors that are suspected to affect the relationship between liquidity and profitability. This study is to examine the moderating effect of operational efficiency (BOPO) on the causal relationship between liquidity and profitability in Islamic banking. The results showed that banking efficiency was able to moderate the effect of liquidity on profitability. Banking efficiency is proven to strengthen the effect of liquidity on profitability in Islamic banking.
An entrepreneurial finance study: MSME performance based on entrepreneurial and financial dimensions Maria Rio Rita; Mohamad Nur Utomo
Jurnal Keuangan dan Perbankan Vol 23, No 2 (2019): April 2019
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (529.331 KB) | DOI: 10.26905/jkdp.v23i2.3076

Abstract

Various researches have been conducted towards the dynamics of micro, small, and medium enterprise (MSME) developments, but there are still research gaps that can be explored further. The purpose of this research is to examine the determinant factors of MSME performance as seen from the entrepreneurial dimension and the financial activities done by entrepreneurs. The research objects of this study are two batik MSME centers in Central Java Province, which are Rembang Regency and Surakarta municipality. The research model was tested by using PLS-SEM with WarpPLS version 6.0. The research findings revealed there is a positive influence between the dimensions of entrepreneurship and outside finance, entrepreneurial dimension and MSME performance, outside finance, and MSME performance, as well as innovation investment and MSME performance. Another research finding found that the entrepreneurial dimension, which consists of entrepreneurial emotion and entrepreneurial cognition, does not have a positive influence on MSME performance. Meanwhile, outside finance has a negative influence on innovation investment. This research proposes a future research agenda to add other variables that are suspected of influencing MSME performance, whether from a financial or a non-financial aspect, such as financial literacy and the application of digital marketing.JEL Classification: A10, D19, G40DOI: https://doi.org/10.26905/jkdp.v23i2.3076 
EFEKTIVITAS PENERAPAN PRICE LIMIT DI BURSA EFEK JAKARTA Mario Rita; Eduardus Tandelilin
Journal of Indonesian Economy and Business (JIEB) Vol 22, No 2 (2007): April
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (330.441 KB) | DOI: 10.22146/jieb.37074

Abstract

Some stock markets have employed price limit to prevent market crash. The question about the effectiveness of price limit has long attracted research interest. Price limit advocates claim that price limits decrease stock return volatility, counter overreaction, and do not interfere with trading activity. Conversely, price limit critics claim that price limits cause higher volatility levels on subsequent days, prevent prices from efficiently reaching their equilibrium level, and interfere with trading due to limitations imposed by price limits. Empirical research does not provide conclusive support for either positions.This study empirically investigates the impact of a wide price limit on volatility, and overreaction, using the data from the Jakarta Stock Exchange, over the years 2000-2005. More specifically this study examines whether daily return volatility for stock-hit price limit are expected to be lower in the post limit hit period than the sample control groups. Beside that, in this study the phenomenon of short-term overreaction are examined.The main difference of this paper with the previous literatures is that this study compares volatility levels before and after price limit implementation on JSX.Firstly, empirical results indicate that volatility after price limit implementation shows highest level than before. Second, the results show that stocks-hit experiences their highest level of volatility on the day when stock-hit reach their limits, and then decreases significantly after the hit. Third, the findings indicate the occurrence of short-term overreaction for the sample of downward stock price movement, but not for the sample of upward stock price movement.