Article Per Year (5 Year)
p-Index From 2019 - 2024
0.92
P-Index
This Author published in this journals
All Journal ETIKONOMI Jurnal Manajemen Teknologi Jurnal Manajemen Studi Kasus Inovasi Ekonomi
Perdana Wahyu Santosa
Faculty of Economics and Business University of YARSI
Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Published : 6 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 6 Documents
Search

 1 
KOMPETISI DAN STABILITAS PERBANKAN DI INDONESIA Suatu Pendekatan Analisis Panel Vector Autoregression Apriadi, Intan; Sembel, Roy; Santosa, Perdana Wahyu; Firdaus, Muhammad
Jurnal Manajemen Vol 21, No 1 (2017): February 2017
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (417.964 KB) | DOI: 10.24912/jm.v21i1.146

Abstract

Banking fragility phenomenon  in the world as well as in Indonesia whip out some interesting issues to be investigated. The objective of this study is to investigate the dynamic causality relationship between competitionand stability of bank in Indonesia. The relationship between competition and stability of bank has long been a controversy before some crises takes place in the world either in theoretical or in empirical sphere. The crucial question  such as will competition  increase stability of banking industry  or the other way around will competition create instability in banking system in Indonesiaare going to be investigated in this study. Stability will be analyzed by z-score, and competition will be measured by HHI. Testing the relationship between competition and stability will be conducted by Panel Vector Autoregression, a relatively new approach in econometrics. Empirical result indicates that competition  decreasedstability of banking industry,whereas stability has aninsignificant effect to competition.
Corporate Fundamentals, Bi Rate And Systematic Risk: Evidence From Indonesia Stock Exchange Nita Puspitasari, Perdana Wahyu Santosa,
Jurnal Manajemen Vol 23, No 1 (2019): February 2019
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (420.247 KB) | DOI: 10.24912/jm.v23i1.443

Abstract

The aim of this study is to understand the effect of company's fundamental factors and BI rate on systematic risk (beta) on the Indonesia Stock Exchange (IDX). In portfolio theory, there are two types of risk, namely systematic risk and non-systematic risk. The focus of this study is on systematic risk which was measured through beta (β), where each stock had a different beta. The analyses used independent variables of sales growth (SG), net profit margin (NPM), debt to equity ratio (DER) and BI rate (benchmark interest rate) on stock beta. The data used were quarterly data of issuers listedin the LQ-45 index in the period of 2009-2016 which were analysed using panel data regression method. The conclusion from panel data analysis of LQ-45 index is that SG, NPM and DER contribute a significant impact on systematic risk, but the macroeconomic proxy, namelyBI rate, does not offer significant influence on stock beta (β).Implication: corporate fundamental factors such as sales growth, net profit margin and solvency has effect significantly on beta (β), however BI rate does not.
Financial Performance, Exchange Rate and Stock Return: Evidence from Manufacturing Sector Santosa, Perdana Wahyu
Jurnal Manajemen Teknologi Vol 18, No 3 (2019)
Publisher : SBM ITB

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12695/jmt.2019.18.3.5

Abstract

Abstract This study aims to find out and understand what variables influence stock returns on the Indonesia Stock Exchange. Stock return is the first and foremost consideration for investors in making investment decisions, besides fundamental factors and the business environment. The methodology uses financial data with a sample of manufacturing companies recorded in the period 2013-2018, on the Indonesia Stock Exchange. The analysis used multiple regression analyisis and moderated regression analysis (MRA) for before and after mediating the IDR-USD exchange rate. The findings obtained are before being moderated, and after being mediated shows the liquidity (CR), efficiency (TATO), profitability (ROA and EPS), and solvency (DER) proxy, have a significant effect on stock returns, both before and after being mediated. Thus, it is evident that the exchange rate can influence financial performance factors, both partially and simultaneously. Managerial implications: capital market practitioners, especially investors/asset managers, can consider the variables and observe the movements of the IDR-USD exchange rate above as a component of investment decision making.Keywords: Stock return, financial performance, liquidity, efficiency, profitability, solvency, exchange rateAbstrak Studi ini bertujuan untuk mengetahui dan memahami variabel apa saja yang bepengaruh terhadap return saham di Bursa Efek Indonesia. Return saham merupakan pertimbangan pertama dan utama bagi invstor dalam mengambil keputusan investasinya, di samping aspek fundamental dan lingkungan bisnis. Metodologi menggunakan data finansial dengan sampel perusahaan manufaktur sektor Barang Konsumsi yang tercatat pada periode 2013-2018, di Bursa Efek Indonesia. Analisis menggunakan regresi berganda dan moderated regression analysis (MRA) untuk sebelum dan sesudah termoderasi nilai tukar IDR-USD. Temuan yang didapat adalah sebelum termoderasi dan sesudah dimediasi menunjukkan proksi likuiditas (CR), efisiensi (TATO), profitabilitas (ROA dan EPS), dan solvabilitas (DER), berpengaruh signifikan terhadap return, baik sebelum maupun sesudah dimoderasi. Dengan demikian, terbukti bahwa nilai tukar mampu mempengaruhi faktor-faktor kinerja finansial, baik secara parsial maupun simultan. Implikasi manajerial: praktisi pasar modal terutama investor/manajer aset dapat mempertimbangkan variabel-variabel serta mengamati pergerakan nilai tukar IDR-USD sebagai komponen pengambilan keputusan investasi.Kata kunci: Return, likuiditas, efisiensi aset, profitabilitas, solvabilitas, nilai tukar.
PELATIHAN USAHA TANI SAYUR HIDROPONIK BERBASIS MANAJEMEN SYARIAH, DI DESA AMANSARI, KECAMATAN RENGASDENGKLOK, KRAWANG Asaari, Masagus; Setianingrum, Any; Santosa, Perdana Wahyu
Studi Kasus Inovasi Ekonomi Vol 4, No 1 (2020)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/skie.v4i1.9816

Abstract

      Mitra adalah kelompok tani, Ikatan Remaja Masjid, ibu-ibu PKK yang merupakan komunitas penggiat dan pemberdayaan masyarakat di wilayah Desa Amansari, Kecamatan Rengasdengklok, Karawang. Hampir semua mitra belum memahami potensi ekonomi dari usaha sayur hidroponik dan bagaimana mengembangkannya. Pelatihan penting diadakan untuk memberikan pembekalan dan pemantapan terkait dengan pemanfaatan sumber daya alam sebagai tambahan pendapatan keluarga, memanfaatkan ruang terbuka hijau, sebagai pusat kegiatan lingkungan dan ekonomi alternatif, mendapat sumber pangan yang sehat bagi pemenuhan kebutuhan keluarga dan menciptakan lapangan kerja. Mitra sangat membutuhkan lapangan kerja, karena kebutuhan untuk meningkatkan pendapatan keluarga sangat mendesak. Mitra hampir dapat dikatakan tidak lagi memiliki akses  terhadap lahan pertanian, baik sebagai penggarap apalagi sebagai pemilik, karena sebagian besar tanah sudah menjadi lahan industri. Sedangkan lapangan kerja dari sektor industri di sekitar lokasi mitra memiliki daya tampung yang sangat terbatas.      Berdasarkan problem tersebut, solusi yang diberikan adalah pelatihan produksi, dan akses pasar dengan menghubungkan mitra dengan koperasi hidroponik Karawang. Pelatihan permodalan diberikan dengan materi pemodalan secara syariah yakni pengadaan modal berdasarkan sistem partnership dan bagi  hasil.      Metode pelaksanaan yang digunakan adalah pelatihan, penyuluhan, diskusi, musyawarah, dengan mengundang pakar hidroponik, nara sumber keuangan syariah, serta ketua koperasi usaha tani hidroponik Karawang. Dalam metode tersebut juga diberikan pelatihan motivasi agar mitra senantiasa memiliki jiwa kewirausahaan yang mandiri, dan pantang menyerah dari saat pelatihan dan hingga konsisten mengimplementasikan pengetahuan dan ketrampilan yang diperoleh. Metode evaluasi dan monitoring dilakukan dengan cara kunjungan, konsultasi, pendampingan, pantauan khususnya selama 1 tahun setelah kegiatan PKM. Luaran yang ditargetkan adalah dokumentasi dalam bentuk foto dan video kegiatan (100%), publikasi dimedia masa (100%), jurnal nasional terakreditasi (100%), peningkatan pengetahuan (70%), peningkatan ketrampilan (70%), peningkatan produksi (100%), peningkatan jumlah petani sayur hidroponik (25%), peningkatan penjualan (100%), peningkatan akses pasar (100%), peningkatan ruang terbukan hijau (100%), peningkatan sumber sayuran sehat bebas bahan kimia (100%).
The Relationship of Macro-risk Indicators, Internal Factors, and Risk Profile of Islamic Banking in Indonesia Perdana Wahyu Santosa; Any Setianingrum; Nurul Huda
ETIKONOMI Vol 19, No 2 (2020)
Publisher : Faculty of Economic and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/etk.v19i2.15528

Abstract

This study is essential because Islamic banks have a higher NPF level than conventional banks and examine whether macroeconomic indicators (macro-risk), internal factors of banking (GCG-earnings-capital) risk profile correlate term Indonesian Islamic banking. The method used is the correlation analysis involving four macro-risk variables (Forex; BI rate; Inflation and GDP), three GEC variables (GCG; ROA, and CAR), and two risk profiles (FDR and NPF). The number of samples is the ten largest Indonesia sharia commercial banks with the 2011-2018 periods. This research finds that macroeconomic indicators positively correlate to non-performing financing (NPF). The GEC positively correlates to NPF and FDR; GEC is negatively correlated to macro-risk indicators. However, some indicators are negatively correlated, such as GDP-corporate governance, Forex-profitability, GDP-efficiency, BI rate-capital, and profitability-NPF. The study proposed managerial implications to understand the relationship between macroeconomic, internal factors, and risk profile in Islamic bank lending.JEL: D02; G21, G32How to Cite:Santosa, P. W., Setianingrum, A., & Huda, N. (2020). The Relationship of Macro-risk Indicators, Internal Factors and Risk Profile of Islamic Banking in Indonesia. Etikonomi: Jurnal Ekonomi, 19(2), 221-236. https://doi.org/10.15408/etk.v19i2.15528.
Financial Performance, Exchange Rate and Stock Return: Evidence from Manufacturing Sector Perdana Wahyu Santosa
Jurnal Manajemen Teknologi Vol. 18 No. 3 (2019)
Publisher : Unit Research and Knowledge, School of Business and Management, Institut Teknologi Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12695/jmt.2019.18.3.5

Abstract

Abstract This study aims to find out and understand what variables influence stock returns on the Indonesia Stock Exchange. Stock return is the first and foremost consideration for investors in making investment decisions, besides fundamental factors and the business environment. The methodology uses financial data with a sample of manufacturing companies recorded in the period 2013-2018, on the Indonesia Stock Exchange. The analysis used multiple regression analyisis and moderated regression analysis (MRA) for before and after mediating the IDR-USD exchange rate. The findings obtained are before being moderated, and after being mediated shows the liquidity (CR), efficiency (TATO), profitability (ROA and EPS), and solvency (DER) proxy, have a significant effect on stock returns, both before and after being mediated. Thus, it is evident that the exchange rate can influence financial performance factors, both partially and simultaneously. Managerial implications: capital market practitioners, especially investors/asset managers, can consider the variables and observe the movements of the IDR-USD exchange rate above as a component of investment decision making.Keywords: Stock return, financial performance, liquidity, efficiency, profitability, solvency, exchange rateAbstrak Studi ini bertujuan untuk mengetahui dan memahami variabel apa saja yang bepengaruh terhadap return saham di Bursa Efek Indonesia. Return saham merupakan pertimbangan pertama dan utama bagi invstor dalam mengambil keputusan investasinya, di samping aspek fundamental dan lingkungan bisnis. Metodologi menggunakan data finansial dengan sampel perusahaan manufaktur sektor Barang Konsumsi yang tercatat pada periode 2013-2018, di Bursa Efek Indonesia. Analisis menggunakan regresi berganda dan moderated regression analysis (MRA) untuk sebelum dan sesudah termoderasi nilai tukar IDR-USD. Temuan yang didapat adalah sebelum termoderasi dan sesudah dimediasi menunjukkan proksi likuiditas (CR), efisiensi (TATO), profitabilitas (ROA dan EPS), dan solvabilitas (DER), berpengaruh signifikan terhadap return, baik sebelum maupun sesudah dimoderasi. Dengan demikian, terbukti bahwa nilai tukar mampu mempengaruhi faktor-faktor kinerja finansial, baik secara parsial maupun simultan. Implikasi manajerial: praktisi pasar modal terutama investor/manajer aset dapat mempertimbangkan variabel-variabel serta mengamati pergerakan nilai tukar IDR-USD sebagai komponen pengambilan keputusan investasi.Kata kunci: Return, likuiditas, efisiensi aset, profitabilitas, solvabilitas, nilai tukar.
Co-Authors Any Setianingrum Any Setianingrum, Any Apriadi, Intan Asaari, Masagus DWI SURYANTO Nurul Huda Roy Sembel