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Analisis Struktur Modal, Kebijakan Dividen, dan Volatilitas Pendapatan terhadap Kinerja Emiten Terbaik Nidar, Sulaeman Rahman
Jurnal Trikonomika Vol 9, No 2 (2010): Edisi Desember 2010
Publisher : Jurnal Trikonomika

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Abstract

Financial condition of firms is one of the main concerns of investor in a capital market. At present, Investor does not need to calculate and analyze listed company performance himself. One of the magazines which informs listed company performance is Majalah Investor. One of the information is the 100 best listed companies annual of JSX. Rank of the best listed company changed annually, and it is needed to be analyzed for investigating which factors influence listed companies to become the best listed companies rank. The research employs 37 listed companies from the 100 best listed companies Majalah Investor’s version. This research attempts to investigate interdependence mechanism among capital structure, dividend policy, earnings volatility and performance of the firm. The research findings that performance of the firm partially and simultaneously is influenced by capital structure, dividend policy, and earnings volatility. And the 100 best listed companies reported by Majalah Investor for 2004–2005, indicate that abnormal return for 10 days before and after announcement of the report have no significant influence on performance of the firm. Market does not give any significant reaction to the announcement.
Lending Rationale of Financial Institution and Fintech on the Perception of Borrowers: A Qualitative Study Anwar, Mokhamad; Nidar, Sulaeman Rahman; Widianto, Sunu; Layyinaturrobaniyah, Layyinaturrobaniyah
JDM (Jurnal Dinamika Manajemen) Vol 12, No 2 (2021): September 2021 (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.v12i2.31896

Abstract

The development of Financial Institutions including Financial Technology (Fintech) in providing loans to borrowers is increasingly important in the current business financing system. This study aims to determine the perceptions of borrowers by exploring their views on lending practices pro- vided by financial institutions and fintech and identifying the factors that influence the institution’s decision to provide loans to them. This study uses a qualitative research method by asking a number of questions to debtors in one of the Micro and Small and Medium Enterprises (MSMEs) commu- nities in the city of Bandung, Indonesia. The questionnaire form is in the form of open-ended ques- tions and is distributed to 47 MSMEs in the city with various types of business fields. The results show that the factors that influence the success of borrowers in obtaining credit from both financial institutions and fintech are the factors classified as 5 Cs of credit in terms of Character, Capacity, Capital, Collateral, and Conditions. All these factors are summarized as soft information and hard information, which are applied by financial institutions and financial technology institutions.
Kunjungan Wisatawan dan Bisnis Kuliner di Kota Bandung Sulaeman Rahman Nidar; Sutisna Sutisna; Egi Arvian Firmansyah
Ultima Management : Jurnal Ilmu Manajemen Vol 10 No 1 (2018): Ultima Management : Jurnal Ilmu Manajemen
Publisher : Universitas Multimedia Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (3402.024 KB) | DOI: 10.31937/manajemen.v10i1.793

Abstract

The city of Bandung is one of the cities which becomes a tourist destination for local and foreign tourists. This study explores the number of culinary business expected to increase the number of tourists visiting Bandung. The research was conducted using the survey method with culinary respondents of entrepreneurs or businesses, tourism office and tourists. This study aims to determine the influence or relationship between the number of culinary business and the number of tourists interested in culinary. Besides, this research aims to know the profile of tourists visiting Bandung. This research is descriptive and quantitative research. The results showed that the majority of tourists who come to Bandung are loyal tourists. They believe that culinary is one of the most interesting aspects of Bandung. In addition, statistically it is also known that the number of culinary entrepreneurs is positively correlated with the number of tourists who come to Bandung. The variable of the number of tourists can be explained by the variable number of culinary entrepreneurs, but not significant. Keywords: Bandung, Culinary Tour, Tourists
EFFICIENCY AND COMPETITIVENESS OF BANK PERKREDITAN RAKYAT (BPR) IN THE BALI PROVINCE OF INDONESIA Layyinaturrobaniyah .; Mokhamad Anwar; Ratna Komara; Sulaeman Rahman Nidar
Journal of Management and Business Vol 18, No 2 (2019): SEPTEMBER 2019
Publisher : Department of Management - Faculty of Business and Economics. Universitas Surabaya.

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (340.556 KB) | DOI: 10.24123/jmb.v18i2.366

Abstract

This study aims to estimate and test technical efficiency and conduct analysis on the competitiveness of BPRs in the Province of Bali for the period 2012-2016. Estimation on efficiency with the Data Envelopment Analysis (DEA) method was carried out on 134 BPRs whose data is obtained from OJK Regional Office 8 Bali and Nusa Tenggara. Meanwhile, to analyze competitiveness, a questionnaire was distributed to BPR customers, upon which data from customers is analyzed by Focus Group Discussion (FGD) together with BPR and OJK management as regulators. The Results of this study showed that in average, the technical efficiency of BPRs in Bali decreased from year to year from, i.e., 0.6581 in 2012 to 0.5993 in 2016. Buleleng Regency is listed as an area that has the most efficient BPRs with an average efficiency value of 0.7575, then followed BPRs from Karangasem Regency in second place with efficiency scores of 0.7184, and BPRs from Gianyar Regency in third place with a score of 0.6854. Further, based on the results of the analysis of competitiveness and from the FGD, it can be concluded that one of the strengths of BPRs in Bali Province is the loyalty of its customers.
Pengujian Fama & French Three Factor terhadap Return Saham Perusahaan Jasa yang Terdaftar di Indeks IDX80 Saat Pandemi Covid-19 Sheilla Putri Agustin; Sulaeman Rahman Nidar; Meinanda Kurniawan
Jurnal Manajemen (Edisi Elektronik) Vol 13, No 2 (2022): Jurnal Manajemen (Edisi Elektronik)
Publisher : Universitas Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32832/jm-uika.v13i2.6723

Abstract

This study shows the Fama & French Three Factors of weekly stock returns during the pandemic. Of the three variables, only the market variable has a significant effect on returns and has the strongest influence. Meanwhile, the variable size, book to market and the number of Covid-19 cases are not significant to the return. Simultaneously, market variables, size, book to market and the number of Covid-19 cases together or simultaneously have an influence on returns. The magnitude of the simultaneous influence of these variables is 31.02%.
Risk Management Analysis Based on Supply Chain Business Process for Public Private Partnership Public Housing Erman Sumirat; Sulaeman Rahman Nidar; Aldrin Herwany; Sudarso Kaderi Wiryono
International Journal of Supply Chain Management Vol 9, No 6 (2020): International Journal of Supply Chain Management (IJSCM)
Publisher : International Journal of Supply Chain Management

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Abstract

Covid19 Pandemic has made many countries like Indonesia spent their budget heavily on health and economy recoveries, meaning that some allocated budget including for infrastructure has been cut. In contrast, number of backlogs which determine numbers of people that need shelters are still remain high especially for low income groups (LIG). To tackle the problem, government has an initiative to engage private sectors through public private partnership (PPP) in public housing. The process is quite complex and has taken so many stakeholders like government, private sectors, consultants, contractors, vendors, subcontractors and financial institutions like banks and insurance companies. The complexities in PPP business models which involving so many stakeholders can create potential risks. Therefore, besides calculating investment return in the feasibility study stage, it is also important to make a risk management analysis based on supply chain business process. The supply chain business process must start from mapping business process, i.e. planning stage, contract award stage, implementation and the phase of hand over the facilities once the concessional period would end, transfer the ownership back from private sectors to government. This study has an objective to conduct literature study about risk management analysis by using ISO 31000: 2018, the relative new concept in risk management that replaces the same standard but from year of 2009. The model then will be combined with supply chain business process so risk management can be mitigated in each business process. The model of the study use supply chain business process in establishing the context in risk analysis followed by risk identification, risk analysis, risk evaluation with the integrated process of communication and consultation, recording and reporting as well as reviewing and monitoring. Study has found that there are critical risks that must be mitigated namely design risk, land price risk, legal land status risk, political risk, contractual risk, market risk, business risk, material price risk, operational risk, legal risk in hand over and asset impairment risk. The model has proposed several new techniques to mitigate risk namely using value at risk (VaR) by monte carlo simulation to measure market risk, business risk and operational risk, developing digitalization for the process in communication communication, recording reporting as well reviewing monitoring. It is also recommended the using of supply chain financing to vendors and subcontractors as Banks have the accessed data from digitalization that consider government and private sectors’ guarantees.
Kinerja Reksa Dana Saham di Indonesia Pada Masa Pandemi Covid-19 Ira Aprilianti; Sulaeman Rahman Nidar; Kurniawan Saefullah
Glosains: Jurnal Sains Global Indonesia Vol. 3 No. 1 (2022): Glosains : Jurnal Sains Global Indonesia
Publisher : Green Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36418/glosains.v3i1.52

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Pandemi Covid-19 memberikan dampak terhadap kinerja pasar keuangan khususnya reksa dana di Bursa Efek Indonesia. Dengan menggunakan pendekatan kuantitatif deksriptif dan verifikatif melalui pengujian independent t-test, penelitian bertujuan untuk menganalisi kinerja reksa dana saham di Indonesia sebelum dan pada masa pandemi covid-19, khususnya produk reksa dana saham LQ 45 yang berada dalam pengelolaan PT Bank Mandiri (Persero), Tbk. Dengan menggunakan data sampel sebanyak 19 produk reksa dana saham, penelitian menyimpulkan bahwa terdapat perbedaan kinerja reksa dana saham sebelum dan pada masa pandemi covid-19 dimana kinerja reksa dana saham pada masa pandemi lebih optimal dibandingkan dengan sebelum masa pandemi.
“Panengen” Indigenous Knowledge as the Financial Behavior of Cikalong Community Nurul Azizah; Sulaeman Rahman Nidar; Kurniawan Saefullah
ijd-demos Volume 4 Issue 2 (2022)
Publisher : HK-Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37950/ijd.v4i2.283

Abstract

AbstractThis study aims to examine the panengen culture, an indigenous knowledge as the basis of the financial management of the Cikalong community. This study uses a qualitative method with a case study approach, which analyzes data based on in-depth interviews, non-participatory observations, and documentation about the panengen culture in the financial management of the Cikalong community. The results of this study show that the financial management process of the Cikalong community is based on the cultural concepts of panengen such as basajan, pamali, and neundeun miraweuy which shape their financial behavior.Keywords: Panengen culture, Financial Behavior, Financial Literacy AbstrakPenelitian ini bertujuan untuk mengkaji mengenai budaya panengen yang menjadi indigenous knowledge sebagai dasar pengetahuan dalam pengelolaan keuangan masyarakat Desa Cikalong. Metode yang digunakan dalam penelitian ini adalah metode kualitatif dengan pendekatan studi kasus, dimana data yang dianalisis berdasarkan data dari wawancara mendalam, observasi non partisipatoris, dan dokumentasi berkaitan dengan budaya panengen dalam pengelolaan keuangan masyarkat Desa Cikalong. Hasil dalam penelitian ini menunjukan proses pengelolaan keuangan masyarakat Desa Cikalong berlandaskan dari konsep-konsep budaya panengen yaitu basajan, pamali dan neundeun miraweuy yang membentuk financial behavior mereka.Kata Kunci: Budaya Panengen, Financial Behavior, Financial Literacy
Rural Bank Technical Efficiency in West Java Indonesia: Evaluation by Ownership and District Mokhamad Anwar; Layyinaturrobaniyah Layyinaturrobaniyah; Ratna Komara; Sulaeman Rahman Nidar
Jurnal Bisnis Manajemen Vol 19, No 2 (2018): September 2018
Publisher : Fakultas Ekonomi dan Bisnis Universitas Padjadjaran

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1486.917 KB) | DOI: 10.24198/jbm.v19i2.188

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This study examines the efficiency of rural banks in West Java Indonesia in terms of technical efficiency. The analysis covers the 212 banks spread over some districts in west java province during the period 2012-2016. Those banks are under the supervision of the Financial Services Authority Regional Office of Bandung. The study employs Data Envelopment Analysis to obtain the technical efficiency of the banks over the study period. The study results suggest that there are some rural banks from certain districts enjoying most efficient; average efficiency of those banks over the study period is inclined to increase with the peak performance occurred in 2015. The other findings suggested that capital adequacy and bank size are of essential factors determining rural bank efficiency in West Java.
Company Life Cycle and Capital Structure of Manufacturing Sector In the Consumer Goods Industry Sulaeman Rahman Nidar; Rizki Agung Ponco Utomo
Jurnal Bisnis Manajemen Vol 18, No 1 (2017): March 2017
Publisher : Fakultas Ekonomi dan Bisnis Universitas Padjadjaran

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (277.786 KB) | DOI: 10.24198/jbm.v18i1.43

Abstract

Determination of the optimal capital structure is to be done by each company Capital structure is the balance or ratio between foreign capital and equity capital. One proxy of capital structure is leverage. The well-known theory in determining the leverage or capital structure is the pecking order theory. This theory explains that the company will use the funds to have a safer risk in advance in the determination of corporate leverage. There are many variables that affect the determination of a company's leverage, so it has not acquired a standard model in determining the leverage or capital structure of the company. One variable that will be added to add an explanation of the determination of a company's leverage is the life cycle proposed by Dickinson (2011). Company life cycle differentiated by the company's cash flow includes cash flow from operating, financing, and investment. This study aims to determine whether the company life cycle that can explain the determination of leverage or capital structure of the company, and find out how the influence of other variables such as profitability, liquidity, size of firm, non debt tax shield, asset tangibility, and growth opportunities for determination of leverage or capital structure of the company. The study was conducted in the consumer goods sector companies in 2012 and 2013. This study uses regression with dummy variables. The results showed that in 2012 and 2013 variable life cycle can be one of the variables that can explain leverage the company's decision. Variables that affect the leverage is profitability, liquidity, non debt tax shield, asset tangibility, and growth opportunities. Variable has no effect on leverage is size of the company.