Claim Missing Document
Check
Articles

Analisis Akurasi Prediksi Kebangkrutan Model Altman Z-Score pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Marcelinda, Sheilly Olivia; -, Hadi Paramu; -, Novi Puspitasari
e-Journal Ekonomi Bisnis dan Akuntansi Vol 1, No 1 (2014)
Publisher : e-Journal Ekonomi Bisnis dan Akuntansi

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (252.029 KB)

Abstract

This research aimed to analyse the accuracy of the Altman Z -Score bankruptcy prediction model using auditors opinion in companies listed in Indonesia Stock Exchange. The data used in this study were secondary data obtained from the annual financial statements of manufacturing firms during 2010-2012. Selected companies listed in Indonesia Stock Exchange in 2010-2012 and having the independent auditors report were used as a sample. The analytical method used was Altman Z -Score model and comparation between the Altman Z -Score and the auditors opinion . Results of this study showed that the percentage of accuracy of models modified Altman Z -Score 27.96 % . It can be concluded that Altman Z -Score bankruptcy prediction model has a low level of accuracy in predicting bankruptcy of companies listed on the Indonesia Stock Exchange 2010-2012 .
Risiko Akad Murabahah Serta Pengelolaan Risiko Akad Murabahah Pada BMT-UGT Sidogiri Cabang Wongsorejo, Kabupaten Banyuwangi Hasanah, Nur; Puspitasari, Novi; Farida, Lilik
e-Journal Ekonomi Bisnis dan Akuntansi Vol 2, No 1 (2015)
Publisher : e-Journal Ekonomi Bisnis dan Akuntansi

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (266.411 KB)

Abstract

Penelitian ini bertujuan untuk mengetahui praktek pembiayaan murabahah dan untuk mengetahui risiko apa saja yang sering menyertai pembiayaan murabahah serta untuk mengetahui bagaimana BMT-UGT Sidogiri cabang Wongsorejo dalam mengelola risiko-risiko tersebut. Penelitian ini dilakukan pada salah satu koperasi yang berbasis syariah di Indonesia, yaitu BMT-UGT Sidogiri cabang Wongsorejo, yang beroperasi sesuai dengan prinsip-prinsip syariah dan etika bisnis dalam Islam. Penelitian ini menggunakan metode penelitian kualitatif deskriptif. Hasil dari penelitian ini adalah praktek pembiayaan yang berbasis jual beli dengan menggunakan akad murabahah yang ada di BMT-UGT Sidogiri cabang Wongsorejo sudah sesuai dengan prinsip-prinsip syariah. BMT-UGT Sidogiri cabang Wongsorejo pernah mengalami risiko yang terkait dengan sistim pembayaran  yaitu pembayaran kurang lancar dari anggota karena terjadi risiko murni yang dialami oleh anggota. BMT-UGT Sidogiri cabang Wongsorejo telah menetapkan manajemen risiko untuk meminimalisir risiko yang akan terjadi. Pengelolaan risiko pada BMT-UGT Sidogiri cabang Wongsorejo berbeda-beda  berdasarkan risiko yang terjadi.
Determinants of Tabarru’ Fund Proportion In Family Takaful in Indonesia Siti Ulviatul Arofah; Novi Puspitasari; Lilik Farida
Tazkia Islamic Finance and Business Review Vol. 13 No. 1 (2019)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v13i1.201

Abstract

This paper aims to analyze the determinants of the proportion of tabarru’fund in family takaful in Indonesia at the periods 2012 – 2016. Insurance growth reach 75%  which 60% came from family takaful. Family takaful implements separation on fund management. Fund management with fund separation is in line with Shariah Split Fund Theory which in practice requires proportion. The method used in the research data is panel data regression. The independent variables of this study are claims (Cit), retakaful (RTit), commission fees (CFit), and administrative and general expenses (AGit). The dependent variable of this study is the proportion of tabarru’fund (Tit). The sample was chosen by using purposive sampling method and obtained sample member as many as 15 companies of Takaful. The results of this study indicate that claims affect the proportion of tabarru’ fund and these variables as determinant of tabarru’ fund proportion. While retakaful have not positive effect on the proportion of tabarru’ fund, and then commission fees and administrative and general expenses have not negative effect on the proportion of tabarru’ fund.
Pengaruh Persepsi Dukungan Organisasi Terhadap Kinerja Tenaga Kependidikan Universitas Muhammadiyah Jember Melalui Kepuasan Kerja Sebagai Variabel Intervening Septy Holisa Umamy; Sri Wahyu Lelly Hana Setyanti; Novi Puspitasari
Jurnal Penelitian IPTEKS Vol 6, No 2 (2021): JURNAL PENELITIAN IPTEKS
Publisher : Universitas Muhammadiyah Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32528/ipteks.v6i2.4978

Abstract

Penelitian ini bertujuan untuk mengeskplorasi pengaruh persepsi dukungan organisasi terhadap kinerja tenaga kependidikan Universitas Muhammadiyah Jember yang dimediasi oleh variabel kepuasan kerja. Objek penelitian ini adalah tenaga kependidikan karena tenaga kependidikan merupakan salah satu sumber daya manusia pada perguruan tinggi yang memiliki peran dalam menjalankan dan membantu pelaksanaan Tri Dharma perguruan tinggi. Berdasarkan hasil wawancara dan pra penelitian pada tahun 2020 ditemukan beberapa permasalahan dalam kinerja tenaga kependidikan diantaranya 45% datang terlambat, 23,5% belum disiplin melakukan presensi di fingerprint dan SIMPEG. Penelitian ini menggunakan kuisioner dengan skala likert melalui google form, populasi dan sampel penelitian ini merupakan sampel jenuh yakni 120 tenaga kependidikan dan metode analisis data menggunakan Partial Least Square (PLS) dengan software SmartPLS versi 3.2.9. Hasil penelitian ini menyatakan bahwa semua hipotesis diterima yakni persepsi dukungan organisasi berpengaruh signifikan terhadap kinerja, persepsi dukungan organisasi berpengaruh signifikan terhadap kepuasan kerja dan kepuasan kerja berpengaruh signifikan terhadap kinerja tenaga kependidikan Universitas Muhammadiyah Jember. 
FAKTOR-FAKTOR PEMBEDA PROFITABILITAS UMKM WARUNG PECEL GARAHAN JEMBER Dwi Perwitasari Wiryaningtyas; Tatang Ary Gumanti; Novi Puspitasari
RELASI : JURNAL EKONOMI Vol 18 (2013)
Publisher : STIE Mandala Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31967/relasi.v18i0.9

Abstract

Micro Small and Medium Enterprise (MSME) is a bussines activity that is able to expand employment and opportunities and very important in the economyof the Nation. MSMEs are expected to reduce the problem of poverty in Indonesia by enhancing the productivity of the poor to increase their income. This research examines the factors that differentiate the profitability of MSMEs of “warung pecel Garahan Jember”. Two groups of factors are examined, namely financial performance and non-financial performance factors. Financial performance factors examined are working capital, debt, cost of production and selling price.Non-financial factors include the level of education, the location, the old establishment, and gender. A total of 31 warung pecel are included in the analysis, and this research start March 2013 until April 2013. Mann-Whitney test analysis is used to analyze the differential factors of profitability MSME “warung pecel Garahan Jember”. Results show that only cost of production is found to be the differentiating factor of profitability of “warung pecel Garahan Jember”. And the other factors like working capital, debt, selling price, level of education, the location, the old establishment and gender are not the differential factor of profitability at “warung pecel Garahan Jember”.
RASIO KEUANGAN DAN PERUBAHAN LABA PERUSAHAAN AGROINDUSTRI DI BURSA EFEK INDONESIA Nindhika Paramawardhani; Tatang Ary Gumanti; Novi Puspitasari
RELASI : JURNAL EKONOMI Vol 19 (2014)
Publisher : STIE Mandala Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31967/relasi.v19i0.40

Abstract

This research is intended to evaluate the relationship between financial ratios and profit change. The financial ratios examined in this study include Current Ratio (CR), Working Capital to Total Asset (WCTA), Debt to Equity Ratio (DER), Current Liability to Inventory (CLI), Operating Income to Total Liabilities (OITL), and Total Asset Turnover (TATO). Profit change is measured as the different between gross profit in year t and year t-1. Sample used in this research is firm in agroindustry sector listed at Indonesia Stock Exchange. The selection ofagroindustry firm is based on the contribution in Indonesia economy. Population of agroindustry company was 21 in which 12 company were selected as the sample. The data cover a period from 2008-2012. The technique of analyses to test the hypotheses was multiple linier regression. The results of this research indicate that Debt to Equity Ratio (DER) and Operating Income to Total Liabilities (OITL) are positive significantly effect profit change, while Current Ratio (CR), Working Capital to Total Asset (WCTA), Current Liability to Inventory (CLI), and Total Asset Turnover (TATO) aren’t significantly effect profit change.
PENGARUH LIKUIDITAS, KUPON, JANGKA WAKTU JATUH TEMPO DAN SUKU BUNGA PASAR TERHADAP HARGA PASAR OBLIGASI BERPERINGKAT RENDAH DAN HARGA PASAR OBLIGASI BERPERINGKAT TINGGI Endri Purnomo; Novi Puspitasari
RELASI : JURNAL EKONOMI Vol 13 No 1 (2017)
Publisher : STIE Mandala Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31967/relasi.v13i1.104

Abstract

This paper aims to determine the effect of liquidity, coupon, maturity and market interest rates on the market price of low rated bonds and the market price of high rated bond. This study conducted on banking companies issuing bonds in the Indonesia Stock Exchange in the period 2011-2015. Low rated bonds taken out of bonds that are rated between A- to CCC as many as 52 sample data, while the high-rated bonds taken out of bonds that are rated AAA and AA + as many as 124 sample data. The method used in this research is multiple linear regression analysis. The results of partial testing showed that liquidity, coupon and maturity of no significant impact on the market price of low rated bonds. The same results were obtained on a partial test in high rated bonds, the liquidity and maturities have no significant impact on the market price of the high rated bond. however, the coupons have a significant effect on the market price of high rated bond. Variable market interest rate can not be processed because the data is constant so as not to do regression testing.
Pengaruh Inflasi, Nilai Tukar, Dan Suku Bunga Terhadap Indeks Harga Saham Gabungan Di Bursa Efek Negara-Negara ASEAN Devi Dwi Wulandari; Novi Puspitasari; Ana Mufida
RELASI : JURNAL EKONOMI Vol 16 No 1 (2020)
Publisher : STIE Mandala Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31967/relasi.v16i1.346

Abstract

The stock market of ASEAN at present has experienced various of development rapidly on one side, but on the other side also extremely vulnerable to influence various changes in macro economy, social, and political in the country and overseas. Macro economy conditions can influence composite stock price index. Indicators of macro economy are chosen in research is inflation, exchange rate, and interest rate. The three is part of the key variables of macro economy that can be used to see the activity of a country’s economy. This research analyzed the influence of third macro economy variables to composite stock price index in five ASEAN countries namely Indonesia, Malaysia, Singapore, Philippines, and Thailand were using analysis multiple linear regression with research’s periode January 2014 up to December 2016. Results showing that partially, only exchange rate which have significant effect on composite stock price index, while inflation and interest rate has no significant effect on composite stock price index. Simultaneously the inflation, exchange rate, and interest rate equally had a significant effect on the composite stock price index, but only able to explain as much as 19,1 %. This research is only use 3 economy variables. Further research is expected to add other variables considered more potential.
Siklus Kehidupan Perusahaan dan Kaitannya dengan Investment Opportunity Set, Risiko, dan Kinerja Finansial Tatang A. Gumanti; Novi Puspitasari
Jurnal Akuntansi dan Bisnis Vol 8, No 2 (2008)
Publisher : Accounting Study Program, Faculty Economics and Business, Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jab.v8i2.80

Abstract

This study examined the effect of firms’ financial performance that include dividend yield, leverage, profitability, and systematic risk on the investment opprotunity set (IOS) measured using market to book value of assets ratio on each of the firm’s life cycle. A sample of 171 firms meeting the selection criteria covering a five-year period from 1999-2003 was examined. The regression analysis was used to test the hypothesis that the examined variables affect the level of IOS in each of the firm’s life cycle. The findings indicated that on the inital expansion stage, dividend yield was found to have negative effect on IOS, profitability and systematic risk had positive effect. On the final expansion stage, three variables namely leverage, profitability, and systematic risk all had positive effect on IOS. For mature stage, thwo variables, leverage and profitability were found to have significant effect. Whilst, for decline stage, only leverage was found to have significant effect. Overall, this study suggested that the life cycle stage affect the decisions of management in their investment strategies.
PREDIKSI PERINGKAT OBLIGASI SYARIAH DI INDONESIA Ike Arisanti; Isti Fadah; Novi Puspitasari
JURNAL ILMU MANAJEMEN Vol 11, No 3 (2014): Agustus
Publisher : Universitas Negeri Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21831/jim.v11i3.11780

Abstract

This study purposes to analyze the influence of financial and non financial factors to prediction of the rating islamic bond in indonesia. The study used independent variable,that is financial factor (growth, size, profit sharing/fee, liquidity) and non financial factor ( secure and maturity) and dependent variable that is the rating of islamic bond. This study applied logistic regresion analysis with sample collection methods using purposive sampling. After selecting fixed criterias, there were 25 islamic bonds chosen with the numbers of 75 investigation from periods of 2010-2012. The result of this study showed that significantly effect the variable growth (X1) , size(X2), profit sharing/ fee (X3), liquidity (X4), secure (X5), maturity (X6) simultaneously to the rating prediction of islamic bond in indonesia. Partially, variable variables of growth (X1) , size (X2), profit sharing/ fee (X3) which referred not significant affecting to the rating prediction of islamic bond in indonesia. Meanwhile, variables of liquidity (X4), secure (X5), maturity ( X6) referred significant affecting to the rating prediction of islamic bond in indonesia.