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Board Diversity and Its Effects on Performance and Risk: A Study in Banking Firms in Indonesia Maulida Nurul Innayah; Bima Cinintya Pratama; Naelati Tubastuvi
Journal of Accounting and Investment Vol 22, No 1: January 2021
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (579.689 KB) | DOI: 10.18196/jai.v22i1.10005

Abstract

Research aims: This study examines the effect of board diversity on firm performance and risk in Indonesia's banking firms.Design/Methodology/Approach:  The population in this study was the banking industry in Indonesia obtained from the Bloomberg database, OSIRIS database, and company annual reports. The sampling technique used in this study was purposive sampling. The sample in the study consisted of 160 company-years of observation for 40 listed banks in Indonesia. The period of the analysis was from 2014 to 2018.Research findings: The results showed that a woman director had a positive effect on performance. The results also revealed that a woman director had a negative effect on the risk because a woman director could correct bias in important decisions. These results are consistent with resource dependence theory that different types of directors provide additional beneficial resources to the firm. This paper then confirms that in banks, the type of diversity seems to be vital because a more diverse board provides more valuable resources, which should improve firm performance and reduce risk. Otherwise, based on the research data, the small number of foreign directors made their existence not affecting performance and risk.Theoretical contribution /Originality: There is still a lack of previous studies that examined the effect of board diversity on performance and risk, especially regarding the heterogeneity of the directors’ nationality in Indonesia. Based on the explanation, this research is expected to contribute to the knowledge regarding the diversity of directors in Indonesia in managing performance and risk.Practitioner/Policy implication: Based on the empirical evidence, directors' gender diversity had a positive effect on optimizing firm performance and minimizing risk. Thus, the company's policy regarding the diversity of directors can be considered, especially about the existence of a woman director.Research limitation/Implication: This study only took a sample of companies included in the banking industry, so this study's results are not necessarily generalizable to companies with different industry types. This study also looked at the diversity of directors based on the directors' demographic characteristics, namely gender and nationality. Future research may use or add to other types of diversity.
Pengaruh Financial Literacy, Financial Behavior dan Financial Experience Terhadap Keputusan Investasi Generasi Milenial di Batam Naelati Tubastuvi; Arienda Gitty Ramadani; Erny Rachmawati; Ika Yustina Rahmawati
JURNAL MANAJEMEN DAN BISNIS INDONESIA Vol 8, No 1 (2022)
Publisher : Universitas Muhammadiyah Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (189.206 KB) | DOI: 10.32528/jmbi.v8i1.6464

Abstract

Di tengah tekanan ekonomi akibat pandemi COVID-19, ketertarikan individu untuk berinvestasi semakin meningkat dari waktu ke waktu karena investasi tidak lagi dianggap sulit untuk dilakukan. Penelitian ini bertujuan untuk mengetahui pengaruh Financial Literacy, Financial Behavior dan Financial Experience terhadap Keputusan Investasi Generasi Milenial di Batam secara parsial. Sampel yang digunakan pada penelitian ini berjumlah 80 sampel. Metode penelitian menggunakan metode asosiatif dan kuantitatif dengan teknik analisis data regresi linear berganda. Hasil penelitian ini menunjuukan bahwa secara parsial variabel Financial Literacy, Financial Behavior dan Financial Experience berpengaruh positif terhadap Keputusan Investasi. Besar pengaruh variabel Financial Literacy, Financial Behavior dan Financial Experience terhadap variebel Keputusan Investasi adalah 71,5% dan sisanya sebesar 28,5% dipengaruhi oleh variabel lain yang tidak diteliti pada penelitian ini.
Struktur Modal, Profitabilitas, Dan Likuiditas Terhadap Nilai Perusahaan Dengan Kebijakan Dividen Sebagai Moderasi Muhamad Riki; Naelati Tubastuvi; Akhmad Darmawan; Ika Yustina Rahmawati
Jurnal Akademi Akuntansi Vol. 5 No. 1 (2022): Jurnal Akademi Akuntansi (JAA)
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jaa.v5i1.19409

Abstract

The current developments of industry are very competitive with each other, including Indonesia’s industry. The rise and fall of a company’s value is commonly seen in companies. This study aims to obtain empirical evidences and examine the effect of capital structure, profitability, and liquidity on company’s value moderated by dividend policy in the primary consumer goods sector listed on the Indonesia Stock Exchange (IDX) in the 2016-2020 period. This study uses a quantitative approach. A total of 18 companies were selected using the purposive sampling method, using the 2016-2020 period, which resulted in 90 sample data. The analytical method used in this research is multiple regression analysis and absolute difference for the moderating variable. The results showed that capital structure and profitability had positive and significant effects on company’s value, while liquidity had negative and significant effects on company’s value. And dividend policy can moderate the effect of capital structure on company’s value, but dividend policy is not able to moderate the effect of profitability and liquidity on company’s value.
THE EFFECT OF INTELLECTUAL CAPITAL AND GOOD CORPORATE GOVERNANCE ON FINANCIAL PERFORMANCE IN BANKING SECTOR REGISTERED IN INDONESIA STOCK EXCHANGE WITH COMPETITIVE ADVANTAGE AS INTERVENING VARIABLES FOR 2016-2019 Novi Crisnandani; Ika Yustina Rahmawati; Naelati Tubastuvi; Totok Haryanto
International Journal of Economics, Business and Accounting Research (IJEBAR) Vol 5, No 2 (2021): IJEBAR, VOL. 05 ISSUE 02, JUNE 2021
Publisher : LPPM ITB AAS INDONESIA (d.h STIE AAS Surakarta)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/ijebar.v5i2.2312

Abstract

The purpose of this study is to obtain empirical evidence of the role of Competitive Advantage in mediating the relationship between Intellectual Capital and Good Corporate Governance and Financial Performance. The population of this study is the banking sector companies listed on the Indonesia Stock Exchange (BEI) 2016-2019. The method of determining the sample using a purposive sampling technique. The number of samples obtained was 31 companies with a total of 124 observations. Based on the research results, it was found that the variable that had a direct influence on the Competitive Advantage was the Good Corporate Governance variable, while the Intellectual Capital variable did not have a direct effect. Meanwhile, the variables that have a direct influence on financial performance are the variables of Good Corporate Governance and Competitive Advantage. Based on the results of the analysis, it was also found that Competitive Advantage was not able to mediate the relationship between Intellectual Capital and Financial Performance but was able to mediate the relationship between Good Corporate Governance and Financial Performance. Keywords: Intellectual Capital, Good Corporate Governance, Competitive Advantage, Financial Performance
Factors Affecting Personal Financial Management Syaefa Intan Salsabilla; Naelati Tubastuvi; Purnadi Purnadi; Maulida Nurul Innayah
Jurnal Manajemen Bisnis Vol 13, No 1: March 2022
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/mb.v13i1.13489

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Research aims: This study aims to analyze the effect of financial education in the family, financial literacy, peers, and a hedonism lifestyle on personal financial management. Design/Methodology/Approach: Based on Roscoe's calculations, 100 respondents were sampled. The results of the analysis show that financial education in the family do not affect students personal financial management. The population in this study were undergraduate students of the Faculty of Economics and Business, University of Muhammadiyah Purwokerto, Jenderal Soedirman University, and State Islamic University of Saifuddin Zuhri class of 2018-2020. The sample selection in this study used a purposive sampling technique. Research findings: The results of the analysis show that financial education in the family do not affect students personal financial management. Meanwhile, financial literacy, peers, and hedonism lifestyle have a positive effect on students personal financial management. Theoritical contribution/Originality: This study uses the theory of planned behavior, which in this theory states that there are three factors that influence this theory, namely 1) attitude towards behavior, 2) subjective norm, and 3) perceived behavioral control. This study gives contribution to manage personal management.Practitioner/Policy implication: Practically, this research implies the importance of managing personal finances so as to avoid consumptive behavior. Research limitation/Implication: Limitations in this study are the results of R2 of 46%, which means that the variables studied are good enough to influence the personal financial management of students and also this research is only in 1 faculty with a sample of 100.
Efforts to improve the economy of rural communities through the development of Banjarandap tourism management strategies Dwi Winarni; Naelati Tubastuvi; Rhis Ogie Dewandaru
Community Empowerment Vol 7 No 4 (2022)
Publisher : Universitas Muhammadiyah Magelang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (310.975 KB) | DOI: 10.31603/ce.5957

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Tourism development requires strategic management in order to improve the economy of the community. The same commitment and vision must be shared by all managing institutions, including tourism awareness groups, village-owned enterprises, youth organizations, and village governments. Institutional management, potential mapping, financial management that has not been systemized, and the lack of a marketing strategy and long-term tourism sustainability are some of the challenges in pioneering and developing Banjarandap tourism. As a result, efforts have been made to establish an institutional structure, the formation of a vision and mission, potential mapping, licensing of tourist sites, management of tourism development strategies, financial management training and assistance, marketing training and assistance, and long-term sustainability through the use of technology. The contributions and benefits obtained by partners and the community are improving the quality of sustainable village tourism management, improving socio-economic conditions, improving morals and character, as well as community education through mutual cooperation and mutual concern for welfare and peace in Banjaran Village.
ANALISIS PENGARUH PROFITABILITAS, STRUKTUR KEPEMILIKAN, DAN UKURAN PERUSAHAAN TERHADAP KINERJA PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI VARIABEL INTERVENING Herdina Indah Utami; Naelati Tubastuvi
Media Ekonomi Media Ekonomi : Vol 19 No 1 Januari 2019
Publisher : Lembaga Publikasi Ilmiah dan Penerbitan (LPIP)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30595/medek.v19i01.4884

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Penelitian ini bertujuan untuk menguji pengaruh profitabilitas, struktur kepemilikan, dan ukuran perusahaan terhadap kinerja perusahaan dengan struktur modal sebagai variabel intervening. Populasi dalam penelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode 2014-2016. Sampel dalam penelitian ini dipilih menggunakan metode purposive sampling, dan diperoleh sebanyak 27 perusahaan. Teknik analisis yang digunakan dalam penelitian ini adalah analisis regresi linier berganda. Hasil analisis menunjukkan bahwa profitabilitas, struktur kepemilikan, dan ukuran perusahaan secara simultan berpengaruh terhadap struktur modal, dan menunjukkan bahwa profitabilitas, struktur kepemilikan, ukuran perusahaan dan struktur modal secara simultan berpengaruh terhadap kinerja perusahaan. Hasil analisis uji parsial menunjukkan bahwa profitabilitas, struktur kepemilikan berpengaruh negatif signifikan terhadap struktur modal, sedangkan ukuran perusahaan berpengaruh positif signifikan terhadap struktur modal. Hasil penelitian ini juga menunjukkan profitabilitas, struktur kepemilikan, ukuran perusahaan dan struktur modal berpengaruh positif signifikan terhadap kinerja perusahaan. Struktur modal dapat memediasi pengaruh variabel profitabilitas, struktur kepemilikan dan ukuran perusahaan terhadap kinerja perusahaan.
Pemberdayaan Warga Aisyiyah Kecamatan Lumbir melalui Pemanfaatan Lahan Sempit dengan Produksi Tanaman Hidroponikan Naelati Tubastuvi; Tiara Pandansari; Ika Yustina Rahmawati
Prosiding University Research Colloquium Proceeding of The 8th University Research Colloquium 2018: Bidang Sosial Ekonomi dan Psikologi
Publisher : Konsorsium Lembaga Penelitian dan Pengabdian kepada Masyarakat Perguruan Tinggi Muhammadiyah 'Aisyiyah (PTMA) Koordinator Wilayah Jawa Tengah - DIY

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (244.686 KB)

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Kegiatan IbM ini bertujuan untuk memberikan pelatihan mengenai pemanfaatan lahan sempit melalui media hidroponikan dan usaha produktif berbasis teknologi hidroponik. Kegiatan IbM dilakukan pada kelompok Pengurus dan anggota Aisiyah Cabang Lumbir Kabupaten Banyumas. Kegiatan ini dilakukan oleh tim pelaksana dari fakultas ekonomi Universitas Muhammadiyah Purwokerto. Hasil dari kegiatan ini adalah Proses pelaksanaan praktek produksi tanaman hidroponik sangat menarik antusias dan minat dari ibu-ibu aisyiyah karena mudah untuk dilakukan. Peserta juga tergerak untuk meminta infomasi mengenai cara memperoleh alat dan bahan yang diperlukan sebagai bentuk antusiasme dari keberlanjutan program ini, Evaluasi dilakukan dengan memberikan pertanyaan seputar feedback (umpan balik) kegiatan. Dari hasil evaluasi, diketahui bahwa bagi peserta pelatihan ini sangat bermanfaaat bagi peserta.
The Effect of Financial Literacy, Financial Knowledge, Financial Attitudes and Personality on Financial Management Behavior in MSME Rizka Septiana Putri; Naelati Tubastuvi; Ika Yustina Rahmawati; Hermin Endratno
BASKARA : Journal of Business and Entrepreneurship Vol 5, No 2 (2023): BASKARA: Journal of Business and Entrepreneurship
Publisher : Universitas Muhammadiyah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54268/baskara.5.2.136-151

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The research was conducted with the aim of examining the influence of financial literacy, financial knowledge, financial attitudes and personality on financial management behavior. The subjects in this examine were Micro, Small and Medium Enterprises (MSMEs) in Banyumas Regency with a population of 8,542 MSMEs and the sample in this observe was 159 MSMEs. Information were dissected the utilizing validity test, reliability test, descriptive analysis, classical assumption test, and multiple regression test. The study demonstrates that financial literacy, financial knowledge, financial attitudes, and personality traits have a significant and positive impact on financial management behavior. Based on this research, financial management behavior for MSME is very important, MSME must understand how important it is to understand financial literacy, financial knowledge, financial attitudes and personality. Thus, some Banyumas MSMEs have implemented good financial management behaviors and can be an example for other MSMEs.
The Effect Of Capital Structure, Profitability and Liquidity on Firm Value With Dividend Policy As A Moderating Variable Arafah Esa Yuswandani; Naelati Tubastuvi; Akhmad Darmawan; Ika Yustina Rahmawati
SENTRALISASI Vol. 12 No. 2 (2023): Sentralisasi
Publisher : Universitas Muhammadiyah Sorong

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33506/sl.v12i2.2156

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Goals of this study are to see if there is an effect of capital structure, profitability and liquidity on firm value by including dividend policy as a moderation variable. In this study, a quantitative approach was chosen. This study’s population includes all companies in the LQ45index from periode 2018-2021 and purposive sampling is used in this research sampling techniques. Multiple regression analysis and the absolute difference test were used in this study. According to the findings of this study, capital structure has no effects on firm alue, profitability has positive effects on firm value, and liquidity has positive effects on firm value, dividend policy as moderation is not able to moderate the effect of capital structure on firm value, dividend policy variable as moderation is unable to moderate the effect of profitability on firm value also liquidity on firm value cannot moderate by dividend policy.