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Pengaruh Struktur Modal, Kepemilikan, dan Faktor Eksternal pada Penentuan Nilai Perusahaan Suteja, Jaja; Manihuruk, Winston
Jurnal Trikonomika Vol 8, No 2 (2009): Edisi Desember 2009
Publisher : Jurnal Trikonomika

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Abstract

This Study investigates the factors which influence value of the firm in publicly traded companies listed at Jakarta Stock Exchange. In this research, capital structure influenced by liquidity ratio, operational income volatility, profitability, size of the firm, capital expenditures, economy crisis and exchang rate. Meanwhile, value of the firm be influenced by capital structure estimate, managerial ownership, institutional ownership, profitability, economy crisis, exchange rate and IHSG. The result of this research will be expected to explain determinants of capital structure and value of the firm thereby the firm could anticipate its in order to avoid over leverage and decreaing value of the firm. This research using survei method toward publicly traded company listed in Indonesian Stock Exchange as grouped in manufacturing companies from 1994to 2005. The data collected consist of daily transaction share and lHSG from 1994 to 2004. This research using panel data analysis. According to the result of this research could be formulate concluding remark these: value of the firm influenced by capital structure, managerial ownership, institutional ownership, economic crisis, exchange rate and IHSG. Meanwhile capital structure influence liquidity ratio, earning volatility, profitability, size of the firm, capital expenditures, economic crisis and exchange rate.
Model Prediksi Kepemilikan Manajerial Perusahaan Go Public Berbasis Pendekatan Multinomial Logit Suteja, Jaja
Jurnal Trikonomika Vol 10, No 2 (2011): Edisi Desember 2011
Publisher : Jurnal Trikonomika

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Abstract

The objective of this research is to provide empirical evidence of the factors that influence the probability of the managers to take part in managerial ownership. The examined factors on this study are consisted of investment opportunity sets, leverage, dividend payout ratio, profitability, growth rate of the firm, size of the firm, value of the firm, equity market value, and institutional ownership. The sample is consisted of 66 firms of which 41 of them had no managerial ownership, 10 firms had medium managerial ownership and 15 firms had high managerial ownership. The data collected is the data in the year 2007 and it is conducted by stratified random sampling. Multinomial Logit Regression is used in order to test the research hypothesis. The research finding indicates that investment opportunity sets, equity market value, size of the firm and institutional ownership are variables that significantly predict the managerial ownership. The result of this research also indicates that investment opportunity set, equity market value, the size of the firm as well as institutional ownership are statistically significant in predicting companies that have no managerial ownership.
Determinan Profitabilitas Bank: Suatu Studi pada Bank yang Terdaftar di BEI Suteja, Jaja; Ginting, Gerinata
Jurnal Trikonomika Vol 13, No 1 (2014): Juni 2014
Publisher : Jurnal Trikonomika

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Abstract

Penelitian ini bertujuan untuk memberikan bukti empiris pengaruh non interest income, non interest expense, loan loss provisions, equity, total assets, GDP, market capitalization terhadap ROA. Populasi penelitian adalah 20 perusahaan perbankan yang terdaftar di Bursa Efek Indonesia selama periode penelitian tahun 2003–2011. Data dianalisis menggunakan regresi berganda. Berdasarkan hasil pengujian disimpulkan bahwa non interest income, non interest expense, loan loss provisions, equity, total assets, GDP, market capitalization berpengaruh signifikan terhadap ROA.
Determinan Return Saham Industri Otomotif dan Komponen yang Terdaftar di BEI Suteja, Jaja; Seran, Patrisius
Jurnal Trikonomika Vol 14, No 1 (2015): Trikonomika Juni 2015
Publisher : Jurnal Trikonomika

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Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh dari Return on Equity (ROE), Debt to Equity Ratio (DER), Net Profit Margin (NPM), inflasi, nilai tukar, dan suku bunga terhadap return saham Industri Otomotif dan Komponen. Metode yang digunakan adalah metode regresi panel data dengan lama penelitian antara tahun 2009 sampai dengan 2013. Hasil penelitian menunjukkan bahwa ROE, DER, NPM, inflasi, nilai tukar, dan suku bunga memberikan pengaruh terhadap return saham Industri Otomotif dan Komponen. Secara parsial, ROE dan inflasi berpengaruh positif terhadap return saham, sedangkan nilai tukar dan suku bunga berpengaruh negatif terhadap return saham. Sisanya, DER dan NPM tidak memberikan pengaruh terhadap return saham.
Hydroponic: Empowering Local Farmer Knowhow to Gain Value Added on Agriculture Commodity Suryaningprang, Andre; Suteja, Jaja; Mulyaningrum, Mulyaningrum; Herlinawati, Erna
Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences Vol 4, No 1 (2021): Budapest International Research and Critics Institute February
Publisher : Budapest International Research and Critics University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33258/birci.v4i1.1676

Abstract

The agricultural sector is one of the potential commodities in business at domestic and abroad, local farmers in the West Java area are trying to run the best farming system that is adapted to market needs. Conventional farming systems that require large tracts of land, the availability of farmer labor and the length of time for harvesting are obstacles for local farmers to expand their businesses and increase their production yields. A concept in the agricultural system that is different from conventional agriculture yet can be used by local farmers at this time is hydroponic farming. Hydroponic farming that uses water as a planting medium can be implemented anywhere such as urban areas because it does not require large tracts of land. One of the hydroponic techniques that is currently developing is the NFT or Nutrient Film Technique which can be applied in the highlands and lowlands. This system can provide quality harvests. The NFT system provides added value for farmers by increasing farmers' knowledge about the hydroponic farming system and increasing agricultural commodities produced, through this system the farmers can run their farming business on land that is not extensive in urban areas. The commodities produced are of high quality because they are environmentally friendly, with efficient fertilizer, water and the use of non-pesticide ingredients. In fact, this hydroponic system requires a large enough cost to purchase material, regardless of the greater quantity of harvest and shorter harvest time. Increasing the quality and quantity of agricultural products encourage local farmers to run a hydroponic system in meeting market needs so that they have high economic value and can improve the welfare of local farmers.
Is Investment Policy Value-Enhancing through CSR Disclosure? Jaja Suteja; Annisa Nur Mayasari
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 (184.885 KB) | DOI: 10.26905/jkdp.v21i4.1724

Abstract

This study aims to analyze the effect of funding policy, dividend, and investment on firm value and the influence of corporate social responsibility (CSR) disclosure as moderating variable in the relationship between investment policy and firm value. By using purposive sampling methods, the selected sample of this research is 6 property, real estate and construction companies listed on IDX within the period of 2012-2016. Data analysis using the moderated regression analysis. From this study, it has been found that funding policy has no significant effect on firm value, dividend policy has a significant effect on firm value, and investment policy has a significant effect on firm value. The result also significantly showed CSR disclosure proved to be a moderating variable of the relationship between investment policy to firm value. Disclosure of CSR should be considered as a result of the implementation of the decision. The property, real estate, and construction companies should be more aware of the importance of implementing corporate social responsibility to increase corporate value. Disclosure of CSR should be considered as a result of the implementation of the decision.DOI: https://doi.org/10.26905/jkdp.v21i4.1724
Does Corporate Social Responsibility Shape the Relationship between Corporate Governance and Financial Performance? Jaja Suteja; Ardi Gunardi; Rani Janisa Auristi
Indonesian Journal of Sustainability Accounting and Management Vol 1, No 2 (2017): December 2017
Publisher : Universitas Pasundan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (344.391 KB) | DOI: 10.28992/ijsam.v1i2.33

Abstract

The correlation between theoretical and empirical of corporate governance (CG) and corporate financial performance (CFP) is not there without controversy. This paper aims to determine the moderating effects of corporate social responsibility (CSR), on the relationship between corporate governance and corporate financial performance. The sample of this research are banking companies that are listed on Indonesia Stock Exchange between the period of 2010-2014, taken by using purposive sampling method. Moderated Regression Analysis (MRA) analysis was used in this study. The results of this study indicate that corporate governance affects the company's financial performance positively. Aspects of corporate governance such as audit committees and number of board meetings have a positive relationship with financial performance, but there is no relationship from the aspect of independent board of commissioners. Furthermore, CSR can only strengthen the positive relationship between the number of board of commissioners’ meetings and the financial performance of the company. The frequency intensity of board of commissioners’ meetings can increasingly address corporate governance reforms by improving and realizing social responsibility as part of sustainability innovation by optimizing media and CSR reporting methods.
PENGUATAN STRUKTUR MODAL SEBAGAI PEMENUHAN REGULASI DAN PENDUKUNG PENGEMBANGAN BISNIS Tedi Setiawan; Jaja Suteja; Ellen Rusliati
JRAK Vol 12 No 1 (2020): Edisi April
Publisher : Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23969/jrak.v12i1.4229

Abstract

Decision on capital structure have an important role in determinig banking performance.This study aims to find alternative strategies for Bank X in fulfilling the capital requirements and to measure its the effectivities in order to reach the capital requirements of the Bank X to be in accordance with the regulations in 2018. The results of this study are expected to provide useful information related to the importance of strengthening the capital structure of the company, especially in the banking industry in order to maintain the continuity of business and to win in the market competition. The study was conducted at Bank X was located in Bandung. The research method used was survey with qualitative research approaches. While the type of research was explorative descriptive analysis. The results of the study was found three effective strategies to meet the capital needs of Bank X in 2018, namely asset revaluation, reduction in dividend payout ratio (DPR) and the issuance of subordinated bonds. These three strategies could improve Capital Adequacy Ratio (CAR). while alternative simulations need to be carried out to determine the impact of the decision making.
KEBIJAKAN DIVIDEN, HUTANG, DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN Pery Sutisna; Jaja Suteja
JRAK Vol 12 No 1 (2020): Edisi April
Publisher : Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23969/jrak.v12i1.4043

Abstract

Firm value was a goal that must be achieved in the context of the welfare of shareholders. The objective of this research was to investigate the effect of dividend policy, debt policy, and profitability to firm value of property and real estate industries in 2012-2016. Population of this research was property and real estate companies listed in Indonesia Stock Exchange (IDX). The sampling method used was purposive sampling and the results were 10 companies according to the criteria of the sample. Method analysis using pooled regression. The results showed that dividend policy, debt policy, and profitability have significant effect to firm value simultaneously. Partially, dividend and debt policy have not significant effect to the firm value partially, but profitability has significant effect.
MODAL INTELEKTUAL, MANAJEMEN LABA, IMBAL HASIL SAHAM SAAT INI DAN MASA DATANG Vicky Dwi Putra; Jaja Suteja; Erik Syawal Alghifari
JRAK Vol 11 No 2 (2019): Edisi Oktober
Publisher : Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23969/jrak.v11i2.3178

Abstract

Future stock returns are factors for investors to consider investing. This research aims to identify the influence of intellectual capital, earning management, and stock return toward future stock return in manufacturing companies of sub sectors food and beverages industry listed in Indonesia Stock Exchange period 2012 to 2017. This research used quantitative research methods with the sample as many as 7 companies. The sampling technique is used, as well as purposive sampling done based on certain criteria. The type of data used is secondary with analysis using panel data regression model with Eviews 10. The result shows that simultaneosly intellectual capital, earning management, and stock returns gave influence on future stock returns as much as 76.15%. Partially, intellectual capital had a positve but not significant, earning management had a negative and significant, stock returns had a positive and significant effects to future stock returns.