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COMPETENCY, ENTREPRENEUR CHARACTERISTIC AND BUSINESS PERFORMANCE: STUDY OF THE PEMPEK BUSINESS IN PALEMBANG Soejono, Fransiska; Mendari, Anastasia Sri; Rinamurti, Micheline
Journal of Indonesian Economy and Business Vol 30, No 1 (2015): January
Publisher : Journal of Indonesian Economy and Business

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Abstract

The purpose of this study was to examine empirically the effects of entrepreneurial compe-tencies and characteristics on business performance. Previous studies found that competencies and entrepreneurial characteristics significantly influenced business performance. A quantita-tive method was used and 122 respondents were involved as the sample in this study, who were pempek business owners in Palembang, South Sumatra. The results indicated an effect from entrepreneurial competencies on business performance. It was also found that the entrepre-neurs’ characteristics (owners’ ages) significantly affected the businesses’ performance. This implication requires some sort of course or program for the entrepreneurs to improve their competence to direct the owners to gain better business performance. The growing age of the business owners requires equal insights to ensure age does not stop the owners from improving their business’ performance.Keywords: competency, characteristics, performance, age, entrepreneur
OWNERSHIP TYPE AND COMPANY PERFORMANCE: EMPIRICAL STUDIES IN THE INDONESIAN STOCK EXCHANGE Soejono, Fransiska
Journal of Indonesian Economy and Business Vol 25, No 3 (2010): September
Publisher : Journal of Indonesian Economy and Business

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Abstract

This study is aimed to test the difference in performance among companies with various types of ownership (foreign, state, and private) on a sample of 206 companieslisted in ISE (Indonesian Stock Exchange) between 1999-2006 resulting in 795 company year observations. The ANCOVA model and multiple comparison methods are used to test the hypothesis that private-owned companies have better performance than state-owned enterprises and foreign-owned companies have better performance than private-owned companies. Contrary with the hypothesis, the result shows that state-owned enterprises have better performance than private-owned companies. The possible explanation for this is because state-owned enterprises have more experience than private-owned companies (based on LogAge). State-owned firms may get some special facilities (including the easiness to get debt funding) from government. The result also shows that foreign-owned companies have better performance than private-owned companies which support the hypothesis. Foreign-owned companies have more experience in managing enterprises than private-owned companies. Furthermore, foreign-owned companies in some industries tend to be more active in doing investment than private-owned companies. There are some implications of these results. First, different ownership type gives different effect to thecompany’s performance. Second, government can consider foreign ownership in its privatization policy.Keywords: Ownership type, Performance, Experience, Investment.
Market Reaction to Indonesia Golden Ring Award Soejono, Fransiska
JDM (Jurnal Dinamika Manajemen) Vol 8, No 2 (2017): September 2017 (DOAJ Indexed)
Publisher : Department of Management, Faculty of Economics, Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jdm.v8i2.12763

Abstract

This research is attended to analyze market reaction to announcement of Golden Ring Award period 2008-2015. Indonesia Golden Ring Award (IGRA) which was originally called as GRA is a form of award for the telecommunications industry in which the assessment team consist of the journalists who are daily covering the telecommunications industry  It used an event study methodology to empirically evidence. The research samples are focused on 6 telecommunication firms listed in Indonesian Stock Exchange with judgement sampling technique. The secondary data consists of daily closing price of shares and composite stock price index with an estimation period during 21 days by using a market adjusted model. Hypotheses are tested by one sample t-test, paired t-test and independent sample t-test. There is significant market reaction to announcement of Golden Ring Award. The second Hypothesis also accepted i.e. there is a significance in different market reaction between the firms getting Golden Ring Award and the firms not getting Golden Ring Award, especially in best operator category. Whereas in best value added category, market didn’t show significant reactions. This result gives implication related to the efficient capital market Hypothesis i.e. semi strong form efficiency are proven.
Literasi Keuangan Dosen-Dosen Perguruan Tinggi di Palembang: Faktor Gender dan Usia Soejono, Fransiska; Mendari, Anastasia Sri
Benefit: Jurnal Manajemen dan Bisnis Volume 3 No 1 Juni 2018
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/benefit.v3i1.6181

Abstract

This study aims to measure the level of financial literacy of lecturers in Palembang. The method of analysis in this research is descriptive analysis. The number of respondents in this study were 153 respondents. Data collection techniques used survey techniques with questionnaires. Financial literacy index is determined through four stages: (1) Grouping of financial literacy variables in 2 groups, namely basic financial literacy and advanced financial literacy, (2) giving score 1 for correct answer and 0 for other answer that is unknow, wrong answer and refused to answer, (3) Calculate the weight of each variable by using simple weight, (4) Calculate index of financial literacy. The results showed that on average the basic financial literacy of lecturers in Palembang was included in the moderate category, while the average advanced financial literacy was in the low category. The level of financial literacy or Financial Literacy Index as a whole including the low category. Distribution of basic financial literacy based on gender and age average dominant in high category reverse dominant advanced financial literacy distribution in low category.
Privatization and Firm Performance: a Study of Indonesia’s State-owned Enterprises Soejono, Fransiska; Heriyanto, Heriyanto
JDM (Jurnal Dinamika Manajemen) Vol 9, No 2 (2018): September 2018 (DOAJ Indexed)
Publisher : Department of Management, Faculty of Economics, Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jdm.v9i2.14970

Abstract

This study aimed to examine the differences in the company’s performance before and after privatization. This study also examined the differences in performance before and after privatization on specific sub-samples of the data which is based on privatization method. Government policy of carrying out the privatization toward SOEs is still pro and contra. Various Privatization methods offer its weaknesses and strengths. There are different opinions on the best method for SOE privatization in Indonesia. The population is all companies which execute the privatization method. Secondary data were used namely financial statement which was taken from the Indonesia Stock Exchange, and the company’s website. Data were analyzed using normality test data. In addition, the paired t-test by using normally distributed data assumption was used to test the hypothesis. The results showed that Direct method privatization positive and significant changes in measuring Total Asset Turnover. Performance conducted Privatization through the capital markets showed different results. Test on the capital market method of data showed a similar effect with an analysis on the entire data (without separating the privatization method used) that occur significant performance degradation, especially in measuring Total Asset Turnover, Debt Ratio and Return On Equity. Conducted Management/ Employee Buy-Out (MBO) privatization implied a substantial reduction in measuring Debt Ratio and Return on Equity Performance.
Analisis Perilaku Penggunaan Sistem Informasi Akademik Oleh Mahasiswa Keperawatan Sitanggang, Morlina; Bendi, Reginaldus Kristoforus Jawa; Soejono, Fransiska
JUTSI: Jurnal Teknologi dan Sistem Informasi Vol 1 No 1 (2017): Jurnal JuSiTik (Jurnal Sistem Informasi dan Teknologi Informasi Komunikasi)
Publisher : Universitas Katolik Musi Charitas Program Studi Sistem Informasi

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (257.813 KB) | DOI: 10.32524/jusitik.v1i1.155

Abstract

Pemanfaatan teknologi informasi merupakan hal yang penting bagi organisasi, karena dapat meningkatkan efektifitas dan efisiensi kinerja organisasi. Namun penerapan teknologi informasi tidak selalu berhasil. Salah satu faktor penentu keberhasilan penerapan teknologi informasi adalah sikap pengguna yang memanfaatkan teknologi tersebut. UTAUT merupakan kombinasi delapan model user acceptance of technology yang telah dikembangkan sebelumnya. Studi empiris yang mengadopsi model UTAUT telah banyak dilakukan. UTAUT juga digunakan oleh beberapa peneliti untuk melihat niat dan perilaku pengguna teknologi informasi di bidang pendidikan. Karena itu penelitian ini juga dikembangkan dengan mengadopsi model UTAUT untuk melihat perilaku pengguna SIAK (Sistem Informasi Akademik) pada program studi-program studi keperawatan di lingkungan Universitas Katolik Musi Charitas. Empat konstruk dari UTAUT digunakan sebagai determinan yang mempengaruhi niat pengguna (behavioral intention), yaitu: performance expectancy, effort expectancy, social influence dan facilitating conditions. Populasi penelitian ini adalah mahasiswa aktif prodi D3 Keperawatan, S1 Keperawatan dan prodi Profesi Ners yang menggunakan SIAK. Data dikumpulkan melalui kuesioner yang disebarkan kepada 297 responden. Data diolah dan dianalisis dengan teknik regresi linier berganda. Uji validitas dan reliabilitas menunjukan bahwa kuesioner yang digunakan sebagai instrumen penelitian valid dan reliabel. Hasil uji asumsi klasik menunjukan bahwa data terdistribusi normal dan bebas multikolinieritas, namun belum memenuhi asumsi heteroskedastisitas.Hasil uji hitopesis menunjukan bahwa performance expectancy, effort expectancy, sosial influence, dan facilitating condition berpengaruh positif signifikan terhadap behavioral intention.   Kata kunci: UTAUT, performance expectancy, effort expectancy, social influence, facilitating conditions, behavioral intention
Kinerja Bank Dan Harga Saham Soejono, Fransiska
Jurnal Keuangan dan Bisnis Vol 12 No 2 (2014): Jurnal Keuangan dan Bisnis Edisi Oktober 2014
Publisher : Lembaga Penelitian dan Pengabdian Masyarakat Universitas Katolik Musi Charitas

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Abstract

The existence of a manager in the company is important for decision-making inparticular funding decision. Managers must examine the nature, cost and sourceof funds that will be used. Financing policy in a company should aim to maximizeprosperity. However, the fact shows that generalty, the level of debt in themanufacturing sector is increasing every year. It is not offset by the growth in theprofitability of the company. This study was conducted to determine the effect ofthe company’s growth, profitability, and dividends on the corporate debt policyeither simultaneously or partially. Population of this research weremanufacturing companies listed on the Stock Exchange (Stock ExchangeIndonesia) from 2011 to 2014. This study used panel data analysis techniquesmixed with eviews. This study was descriptive. The type of data used weresecondary data namely financial report of the sample companies. The resultsshowed that simultaneously the company’s growth, profitability, and dividendsinfluenced corporate debt policy. While partially, the variables of company’sgrowth had negative influence on debt policy variable, the variable of profitabilityhad negative effect on debt policy, and dividends variable had positive effect onthe company's debt policy.
KINERJA KEUANGAN PERUSAHAAN BUMN YANG TERDAFTAR DI BEI SEBELUM DAN SESUDAH PRIVATISASI Soejono, Fransiska
Jurnal Keuangan dan Bisnis Vol 12 No 1 (2014): Jurnal Keuangan dan Bisnis Edisi Maret 2014
Publisher : Lembaga Penelitian dan Pengabdian Masyarakat Universitas Katolik Musi Charitas

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Abstract

Skripsi ini membahas tentang kinerja BUMN sebelum dan setelah privatisasi.Pengambilan sampel dilakukan dengan teknik purposive sampling. Artinyapenentuan dan pengambilan sampel berdasarkan kriteria-kriteria tertentu. Adapunkriteria pengambilan sampel adalah sebagai berikut: (1) BUMN yang melakukanprivatisasi dan terdaftar di BEI, (2) tersedia laporan keuangan lengkap tiga tahunsebelum dan tiga tahun sesudah privatisasi, (3) tidak ada aktivitas lain selainprivatisasi selama tiga tahun sebelum dan tiga tahun sesudah privatisasi. Ukurankinerja yang digunakan pada penelitian kali ini adalah ROE (Return On Asset),PBV (Price Book Value), dan PER (Price Earning Ratio). Tujuan yang ingindicapai dalam penelitian ini adalah untuk mengetahui perbedaan kinerja BUMNsebelum dan sesudah privatisasi. Analisis diawali dengan statistik deskriptif,dilanjutkan pengujian normalitas data untuk mengetahui apakah variabel-variabelyang akan diuji berdistribusi normal atau tidak. Langkah selanjutnya masingmasingvariabel diuji dengan menggunakan uji beda paired sample t-test. Hasilpenelitian ini menunjukkan bahwa pada Bank BNI hipotesis terdukung hanyapada ukuran kinerja ROE dan PBV, pada PT Jasa Marga hipotesis terdukung padaukuran kinerja ROE, dan pada PT Indocement hipotesis terdukung pada ukurankinerja PER.
Literasi Keuangan Dosen di Palembang: Faktor Pendapatan, Pendidikan, dan Kepemilikan Produk Keuangan Soejono, Fransiska; Sri Mendari, Anastasia
Benefit: Jurnal Manajemen dan Bisnis Volume 4 No 1 Juni 2019
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/benefit.v4i1.7762

Abstract

This study aims to measure the level of financial literacy of lecturers in Palembang based on their income, education, and ownership of financial produk. The study sample was 153 respondents. Data were analyzed using descriptive analysis techniques and crosstabulation. Distribution of questionnaires with closed questions is done to collect data. The financial literacy index is divided into two groups, namely basic financial literacy and advanced financial literacy. The calculation for each variable is done using the simple weight method. The results showed that on average the basic financial literacy index of high income lecturers was included in the high category, while the advanced financial literacy index average was included in the low category for lecturers with income categories of less than or equal to nine million rupiah. The basic financial literacy index of lecturers with an average S1 education background is in the low category, while the advanced financial literacy index of lecturers with educational backgrounds S1, S2, and S3 is in the low category. The basic financial literacy index of lecturers of state and private universities is more dominant in the high category, while the advanced financial literacy index of the dominant state and private higher education lecturers is in the low category. The basic financial literacy index of lecturers from the Faculty of Economics / Business is more dominant in the high category, while lecturers from non-economic / business faculties are more dominant in the low category. Lecturers with a basic financial literacy index that is low, moderate and high in addition to having a savings account also have several financial products that are not too high risk such as government securities and mutual funds. Lecturers with a low advanced financial literacy index are more dominant in having bank and non-bank savings as well as insurance and credit cards.
HUBUNGAN TINGKAT LITERASI DAN PERENCANAAN KEUANGAN Mendari, Anastasia Sri; Soejono, Fransiska
Modus Journals Vol 31, No 2 (2019): MODUS
Publisher : Faculty of Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (305.047 KB) | DOI: 10.24002/modus.v31i2.2412

Abstract

ABSTRACTThis study aims to determine the financial planning of lecturers in Palembang and analyze its relationship with the financial literacy index. The data analysis method used in this study is descriptive analysis, validity, reliability, and normality test data. Hypothesis testing uses Pearson correlation test. The number of respondents in this study was 153 respondents. Data collection techniques use survey techniques with questionnaires. The results showed that the average lecturer was good enough in terms of implementing the steps of financial planning and debt management. The lecturer has realized the importance of insurance but lacks understanding of the insurance products needed. Lecturers are still not optimal in investing. The lecturer realizes the importance of preparing a pension fund, but the average lecturer does not have a retirement plan. Lecturers consider inheritance planning to be important, but they have not planned their inheritance too much. The results of the study also show that there is a relationship between financial literacy and financial planning.Keywords: financial literacy; financial planning; financial managementABSTRAKPenelitian ini bertujuan untuk mengetahui perencanaan keuangan para dosen di Palembang dan menganalisis hubungannya dengan indeks literasi keuangan. Metode analisis data yang digunakan adalah analisis deskriptif, uji validitas, reliabilitas, dan normalitas data. Pengujian hipotesis dilakukan dengan menggunakan uji Pearson correlation. Jumlah responden adalah 153. Pengumpulan data dilakukan menggunakan metode survei dengan kuesioner. Hasil penelitian ini menunjukkan bahwa rata-rata dosen telah melakukan perencanaan keuangan dan manajemen hutang dengan langkah-langkah yang baik. Para dosen juga sudah memahami pentingnya asuransi, namun kurang mengetahui tipe produk asuransi yang mereka butuhkan. Para dosen juga belum optimal dalam melakukan investasi. Para dosen memahami akan pentingnya menyiapkan dana pensiun, namun rata-rata dosen tidak memiliki perencanaan pensiun. Para dosen memandang warisan sebagai hal yang penting, namun mereka belum memiliki banyak perencanaan mengenai hal tersebut. Hasil penelitian ini juga menunjukkan adanya hubungan antara literasi keuangan dan perencanaan keuangan. Kata kunci: literasi keuangan; perencanaan keuangan; manajemen keuangan