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Penal Policy on Assets Recovery on Corruption Cases in Indonesia Wahyudi, Sugeng
JILS (Journal of Indonesian Legal Studies) Vol 4 No 1 (2019): Penal Policy and The Development of Criminal Law Enforcement
Publisher : Faculty of Law, Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (816.33 KB) | DOI: 10.15294/jils.v4i01.28224

Abstract

Corruption is an extraordinary crime whose impact on actions can undermine a country, corruption is increasingly becoming increasingly common. Even though not a few of the former state officials or state officials until all the villages have felt how fierce the law enforcers, especially the KPK arrested them all, either hand-grabbing operations or the development of public reporting, impressed by them all were endless corruptors kept appearing , Law enforcement in this modern era is not only concerned with prosecution and prevention, in this case corruption is regulated by the return of state losses as asset recovery, which in turn will maximize the return of state losses from corruptors. As for the problems of this study are: 1. Why is the politics of criminal law (strafrechtpolitiek) in the framework of restoring state losses not significant with the real state losses due to criminal acts of corruption? 2. How is the politics of criminal law ideally (strafrechtpolitiek) implemented so that the maximum return on state losses due to corruption? The benefits of research consist of theoretical benefits and practical benefits. Theoretical benefits are expected to contribute to theoretical thinking in criminal law, especially concerning the politics of criminal law in the context of eradicating criminal acts of corruption. Practical benefits are expected to be able to provide information scientifically to the public both in general and specifically. This study uses a descriptive legal approach that is supported by primary, secondary and tertiary data obtained from documentation and literature studies then analyzed using qualitative descriptive analysis methods. The results showed that the Politics of Criminal Law in the Framework of Returning State Losses due to Corruption in Indonesia was not maximal, as evidenced by the lack of maximum or no maximum return on state losses for corruption, therefore recommendations on simplifying regulations in terms of early prevention or since In the beginning of corruption cases which caused a lot of damage to the state's financial need, there was a special formulation so that the handling could be maximized to restore state losses in corruption.
ANALYSIS OF EFFECT OF FIRM SIZE, INSTITUTIONAL OWNERSHIP, PROFITABILITY, AND LEVERAGE ON FIRM VALUE WITH CORPORATE SOCIAL RESPONSIBILITY (CSR) DISCLOSURE AS INTERVENING VARIABLES (Study on Banking Companies Listed on BEI Period 2012-2016) Astuti, Fitria Yuni; Wahyudi, Sugeng; Mawardi, Wisnu
JURNAL BISNIS STRATEGI Vol 27, No 2 (2018): Desember
Publisher : Magister Manajemen, Fakultas Ekonomika dan Bisnis Undip

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (990.819 KB) | DOI: 10.14710/jbs.27.2.95-109

Abstract

The main objective of the company survives in the stringent competitive by maximizing the value of the company to shareholder wealth. Firm value is experiencing a downward trend is a problem that must be resolved. The banking company also undertakes a social responsibility that is perceived to have a positive impact on the company's image. This study aimed to analyze the effect of the firm size, institutional ownership, profitability, and leverage with corporate social responsibility (CSR) disclosure as a variable intervening.Populations are banking companies listed on the Indonesia Stock Exchange Period 2012-2016. Sampling technique used is purposive sampling with 29 companies selected according to predetermined criteria. This research is done by using multiple linear regression analysis methods and path analysis also Sobel test to examine the effect of intervening. Test results with CSRD as the dependent variable indicate that institutional ownership and Leverage have no effect on CSRD While firm size and profitability (ROA) have a positive significant effect on CSRD. The result of testing with Firm Value (Tobins'Q) as the dependent variable indicates that Firm Size, Institutional Ownership, and Profitability (ROA) have no effect on Firm Value (Tobins'Q). Leverage (DAR) has a negative and significant influence on Firm  Value (Tobins'Q) while CSRD has a significant positive effect on Firm Value (Tobins'Q). CSRD does not mediate the effect of Institutional Ownership, Profitability (ROA) and Leverage (DAR) on Firm Value (Tobins'Q). CSRD mediates the effect of Firm Size on Firm Value (Tobins'Q).
PENERAPAN TEKNOLOGI INFORMASI DAN COUSTUMER RELATIONSHIPMANAGEMENT SEBAGAI KEUNGGULAN BERSAING BERKELANJUTKANGUNA MENINGKATKAN KINERJA PERUSAHAAN Dinata, Benny Martha; Wahyudi, Sugeng; Yuniawan, Ahyar
JURNAL BISNIS STRATEGI Vol 25, No 1 (2016): Juli
Publisher : Magister Manajemen, Fakultas Ekonomika dan Bisnis Undip

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (549.782 KB) | DOI: 10.14710/jbs.25.1.1-15

Abstract

This study was conducted to examine the effect of Information Technology and Customer Relationship Management (CRM) of the Company's Performance with Sustainable Competitive Advantage as an intervening variable. Object of this research is the workshops authorized Toyota network in Central Java and Yogyakarta, Indonesia.This research is an empirical study with a sample of the entire population in the data collection. Data obtained by conducting a survey of 30 Chief and Assistant Chief Workshop an authorized Toyota network in Central Java and Yogyakarta, Indonesia. Data analysis was done using descriptive analysis and Structural Equation Model (SEM). The type of SEM in this study is the variance based SEM or Partial Least Square (PLS) SEM using an application program SmartPLS (Partial Least Square) 2.0 M3.Based on the calculation result R2 is known that variable of Information Technology, Customer Relationship Management, and Sustainable Competitive Advantage Companies able to explain the variable performance of 57.87%, while 42.13% is explained by factors outside the model. Thus, indicating that the resulting model is good and has a level of closeness that a strong correlation (substantial).
PENGARUH UKURAN BANK, BOPO, RISIKO KREDIT, KINERJA KREDIT, DAN KEKUATAN PASAR TERHADAP NET INTEREST MARGIN (Studi Perbandingan pada Bank Persero dan Bank Asing Periode Tahun 2008-2012) NIHAYATI, AINI; WAHYUDI, SUGENG; SYAICHU, MUHAMMAD
JURNAL BISNIS STRATEGI Vol 23, No 2 (2014): Desember
Publisher : Magister Manajemen, Fakultas Ekonomika dan Bisnis Undip

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (792.459 KB) | DOI: 10.14710/jbs.23.2.14-44

Abstract

AbstractThis research intends to analyze the influence of Bank Size, Operational Cost of Operational Income (or BOPO), Credit Risk, Credit Performance and Market Power on the Net Interest Margin (NIM). It examines arrange of data set from Persero and Foreign Banks between2008-2012. As such, the goal of this research is to determine whether there arecomparative differences in the influence of Bank Size, BOPO, Credit Risk, CreditPerformance and Market Power on the NIM of Persero and Foreign Banks.The researcher utilizes purposive sampling method with four Persero Banks and four Foreign  Bank from period 2008-2012. This research used multiple regression analysis, Classical Test  Assumptions and Goodness of Fit Test. A Chow test is carried out to find out whether there  are comparative differences in the effects of Bank Size, BOPO, Credit Risk, Credit  Performance and Market Power on the NIM of Persero and Foreign Banks.Findings from this research conclude that Bank Size does not have significant effect on the NIM of sampled Persero and Foreign Banks. In Persero Banks, BOPO has negative effect on NIM; Credit Risk, Credit Performance and Market Power has positive effect on NIM. Meanwhile, in Foreign Banks, BOPO and Credit Performance has negative effect on NIM; Credit Risk and Market Power has positive effect on NIM. Based on the Chow Test result, it can be inferred that, there are comparative differences in the influence of Bank Size, BOPO, Credit Risk, Credit Performance and Market Power on the NIM of Persero and Foreign Banks. 
THE INFLUENCE OF DIVIDEND POLICY, DEBT POLICY, INDEPENDENT COMMISSIONER, AND INSTITUTIONAL OWNERSHIP ON THE FIRM VALUE WITH GROWTH OPPORTUNITIES AS MODERATOR VARIABLES (Study on Non-Financial Companies Listed on IDX in the Period of Years of 2012-2015) Setiyawati, Lia; Wahyudi, Sugeng; Mawardi, Wisnu
JURNAL BISNIS STRATEGI Vol 26, No 2 (2017): Desember
Publisher : Magister Manajemen, Fakultas Ekonomika dan Bisnis Undip

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (291.987 KB) | DOI: 10.14710/jbs.26.2.146-162

Abstract

Tobin's q is the ratio of market value of equity plus the market value of debt to total assets. This ratio measures the value provided by financial markets for any management and organization as a growing company. Tobin's q also shows how far a company is able to create its value relative to the amount of capital invested. The greater the value of Tobin's q indicates that the company has good growth prospect. This study aimed at examining the influence of Dividend Payout Ratio (DER), Independent Commissioner (KI) and Institutional Ownership (INST) on Tobin's q with Size and Return on Investment (ROI) as control variable and Market to Book Value (MBV) as a moderating variable.The population in this study is all manufacturing companies listed on Indonesia Stock Exchange in the period of 2012-2015. The sampling technique used purposive sampling and obtained 28 companies becoming the research sample. The analysis technique used in this research was multiple regression analysis using SPSS where the data, previously, had been tested using classical assumption tests like normality, multicollinearity, and autocorrelation tests.
PERKEMBANGAN DAN PROSPEK PASAR MODAL DI INDONESIA TAHUN 2005 (EVENT STUDY: PENDEKATAN MANAGEMEN STRATEGIK) Wahyudi, Sugeng
JURNAL BISNIS STRATEGI Vol 13, No 1 (2004): Juli
Publisher : Magister Manajemen, Fakultas Ekonomika dan Bisnis Undip

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1110.081 KB) | DOI: 10.14710/jbs.13.1.96-107

Abstract

Penelitian tentang event study telah banyak dilakukan, namun demikian pendekatannya umumnya dilakukan secara parsial. Pada penelitian ini dilakukan pendekatan secara komprehensif dengan menggunakan pola manajemen strategik. Pendekatan secara komprehensif mempertimbangkan berbagai variabel baik yang terukur seperti aspek fundamental internal perusahaan maupun aspek eksternal. Kajian pada aspek eksternal pada ruang lingkup aspek sosial politik, ekonomi, ekologi pada tingkat global maupun pada level nasional. Penelitian ini dilakukan pada bursa efek Jakarta dalam kurun waktu 17 Agustus 2003 sampai dengan 17 Agustus 2004. Data diperoleh dari Bursa Efek Jakarta maupun dari pengamatan pengembangan bursa melalui perusahaan sekuritas. Penelitian ini bertujuan untuk menganalisis faktor-faktor yang mempengaruhi kinerja bursa dan prospeknya di BEJ .Pendekatan strategik digunakan mengingat bahwa secara menyeluruh faktor-faktor tersebut bersifat terukur dan tidak terukur yang meliputi aspek sosial politik, ekonomi, ekologi dan fundamental internal perusahaan. Analisis regresi digunakan sebagai penguat pengaruh variabel terukur terhadap kinerja bursa.Variabel ekonomi kurs rupiah terhadap dolar AS dan tingkat suku bunga dan tingkat inflasi merupakan faktor yang mempengaruhi perkembangan bursa dan prospek bursa di tahun 2003. Target APBN tahun 2005 kurs rupiah RpB. 600, - dan suku bunga SBI 6,5 % serta inflasi 5,5 % merupakan signal positip terhadap pengembangan bursa tahun 2005. Faktor politik berupa pengembangan metode pemilihan kepemimpinan nasional masih berperan sebagai stimulus positip terhadap pengembangan bursa. Pengaruh bursa global terutama bursa Nikei Jepang akan mewarnai perkembangan bursa efek Jakarta. Sedangkan faktor lingkungan berupa ekologi wabah penyakit seperti flu burung nampaknya masih sebagai faktor yang membatasi investasi dan pengembangan bursa. Faktor fundamental internal berupa aksi korporasi stock split atau pemecahan saham dan penawaran umum perdana saham baru juga merupakan faktor pendorong terhadap pengembangan bursa. Secara umum dapat dirumuskan prospek pasar modal di Indonesia tahun 2005 cukup cerah meskipun tidak secerah tahun 2004 yang telah menciptakan return pasar sebesar 45,5%.
Perkembangan dan Prospek Pasar Modal di Indonesia Tahun 2005 (Event Study: Pendekatan Managemen Strategik) Wahyudi, Sugeng
JURNAL BISNIS STRATEGI Vol 13, No 1 (2004): Juli
Publisher : Magister Manajemen, Fakultas Ekonomika dan Bisnis Undip

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1113.806 KB) | DOI: 10.14710/jbs.13.1.97-107

Abstract

Penelitian tentang event study telah banyak dilakukan, namun demikian pendekatannya umumnya dilakukan secara parsial. Pada penelitian ini dilakukan  pendekatan secara komprehensif dengan menggunakan po/a manajemen strategik. Pendekatan secara komprehensif mempertimbangkan berbagai variabel baik yang terukur seperti aspek fundamental internal perusahaan maupun aspek eksternal. Kajian pada aspek ekstemal pada ruang lingkup aspek sosial politik, ekonomi,ekologi pada tingkat global maupun pada level  nasional.Penelitian ini dilakukan pada bursa efek Jakarta dalam kurun waktu 17 Agustus 2003 sampai dengan 17 Agustus 2004. Data dipero/eh dari Bursa Efek Jakarta maupun dari pengamatan pengembangan bursa melalui perusahaan sekuritas. Pene/itian ini bertujuan untuk menganalisis faktor-faktor yang mempengaruhi kinerja bursa dan prospeknya di BEJ .Pendekatan strategik digunakan mengingat bahwa secara menye/uruh faktor-faktor tersebut bersifat terukur dan tidak terukur yang meliputi aspek sosial politik, ekonomi, ekologi dan fundamental internal perusahaan. Analisis regresi digunakan sebagai penguat pengaruh variabel terukur terhadap kinerja bursa.Variabel ekonomi kurs rupiah terhadap dolar AS dan tingkat suku bunga dan tingkat inflasi merupakan faktor yang mempengaruhi perkembangan bursa dan prospek bursa di tahun 2003. Target APBN tahun 2005 kurs rupiah RpB. 600, - dan suku bunga SB/ 6, 5 % serta inflasi 5, 5 % merupakansignal positip terhadap pengembangan bursa tahun 2005. Faktor politik berupa pengembangan metode pemilihan kepemimpinan nasional masih berperan sebagai stimulus positip terhadap pengembangan bursa. Pengaruh bursa global terutama bursa Nikei Jepang akan mewarnai perkembangan bursa efek Jakarta. Sedangkan faktor lingkungan berupa ekologi wabah penyakit seperti flu burung nampaknya masih sebagai faktor yang membatasi investasi dan pengembangan bursa.Faktor fundamental internal berupa aksi korporasi stock split atau pemecahan saham dan penawaran umum perdana saham baru juga merupakan faktor pendorong terhadap pengembangan bursa. Secara umum dapat dirumuskan prospek pasar modal di Indonesia tahun 2005 cukup cerah meskipun tidak secerah tahun 2004 yang telah menciptakan return pasar sebesar 45,5%.
NALISIS PENGARUH CURRENT RATIO, FIRM SIZE, DAN ASSETS TANGIBILITY TERHADAP RETURN ON ASSET DENGAN DEBT TO TOTAL ASSET SEBAGAI VARIABEL INTERVENING (Studi pada Perusahaan Sektor Pertambangan yang Terdaftar di BEI Tahun 2008-2011) NURSATYANI, ANISA; WAHYUDI, SUGENG; SYAICHU, MUHAMAD
JURNAL BISNIS STRATEGI Vol 23, No 2 (2014): Desember
Publisher : Magister Manajemen, Fakultas Ekonomika dan Bisnis Undip

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (232.765 KB) | DOI: 10.14710/jbs.23.2.97-127

Abstract

AbstractThis study to examine the effect  of Current Ratio (CR), firm size, and assets tangibility  to Return on Assets  (ROA) with Debt to Total Assets  (DTA) as an intervening  variable. Object studies at mining companies listed on Indonesia Stock Exchange during 2008-2011. Sampling technique using purposive sampling method based on particular criteria which was appropriate with research purposes.  This study use 15 mining companies. Methods of data analysis using  multiple  linear regression  analysis, path analysis, and Sobel test.The results show  Debt to Total Asset (DTA), Current Ratio (CR), and assets  tangibility  have negative effect on Return on Assets  (ROA), but firm size has not effect on Return on Assets  (ROA). Current Ratio (CR) has negative effect  on Debt to Total Assets  (DTA), but firm size and asset tangibility  have not effect on Debt to Total Assets  (DTA). Debt to Total Assets  (DTA) is able to mediate  relationship  between  Current Ratio (CR) to Return on Assets  (ROA), but is not able to mediate relationship  between firm size and assets tangibility to Return on Asset (ROA).  
TRANSFER INFORMASI HARGA SAHAM-SAHAM YANG LISTING DI JAKARTA STOCK EXCHANGE DAN NEW YORK STOCK EXCHANG Wardani, Heni Setia; Wahyudi, Sugeng; Waridin, Waridin
JURNAL BISNIS STRATEGI Vol 6, No 4 (2001): Juli
Publisher : Magister Manajemen, Fakultas Ekonomika dan Bisnis Undip

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (799.17 KB) | DOI: 10.14710/jbs.6.4.35-46

Abstract

The stock price's information transfer between the stock exchanges which trading in dual listing stock will present information for the investor to evaluated the issuers prospect, because the information is a signal for the investor to make decision. When there is no obstacles against the information ditribution, the stock price's information transfer will work appropriately so that the information dissemination runs quickly. The distribution information here means thatb every investor receives the same information set. In fact, however, there were investor receiving information other than the others, so that thwe asymmetrical information generated., it was only some investors obtaining the suitable information. consequently the investor receiving this information could enjoy the ubnormal returns The rsearch utilized the listing stocks et the emerging and developed stock exchanges, because at present the investor tended to move their invesment strategy through the under-depeloved countries. in this research, the emerging stock exchange was jakarta stock exchange while the developed stock exchange was  new york stock exchange.This research intended to understand the movement direction of the stock price's information transfer and to detect the movement response of the stock price's information transfer from New York Stock Exchange to Jakarta Stock Exchange and/or on the contrary from Jakarta Stock Exchange to New York Stock Exchange.In reach of this study census was applied as the reserach method because all population members became the research  objects. The relevant population  comprised all issuers performing the listing at  New York Stock Exchange and Jakarta Stock Exchange. The secondary data involving daily data of the stock price, exchanges rates, Jakarta Composite Index , and Dow Jones Industrial index stemmed From Bisnis Indonesia Daily News during 1999 was used within this research.  The analysis tool used in this was ordinary linear regression to know the movement direction and response of stock price's information transfers.Based on this research it was found that the stock price's information transfer running to two directions, from New York Stock Exchange to Jakarta Stock Exchange even so from Jakarta Stock Exchange to New York Stock Exchange and the stronger impact moved from Jakarta Stock Exchange to New York Stock Exchange.
Analisis Anggaran Parsitipatif dan Pengaruhnya Terhadap Kinerja Wahyudi, Sugeng
JURNAL BISNIS STRATEGI Vol 2, No 1 (1998): Juli
Publisher : Magister Manajemen, Fakultas Ekonomika dan Bisnis Undip

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (471.681 KB) | DOI: 10.14710/jbs.2.1.31-39

Abstract

Partisipasi  dalam proses penyusunan  anggaran sebagai  variabel perilaku  secara   parsial  terbukti mempunyai hubungan yang signifikan terhadap Kinerja manajer.   Namun demikian  secara parsial variabel ini ternyata hanya mempunyai kemampuan menje­laskan  rendah  terhadap kinerja manajer.Pengembangan alternatif dengan cara memasukkan  variabel perilaku yang lain  yaitu pendidikan ternyata memberikan gambaran yang lebih baik pada model  dalam  arti kemampuan menjelaskan  2  variabel ini lebih meningkat,  sehingga dapat  dinyatakan "Partisipasi yang disertai  dengan ilmu akan  menjadi lebih bermakna". Pengembangan  alternatif lain  dengan cara  membagi  sampel   menjadi   2 kelompok yaitu cabang  kelas  I dan cabang kelas  II  memberikan  makna tambahan pada  model.  Hasilnya bahwa partisipasi lebih bermakna pada cabang kelas I, yang relatif kondisi keuangannya lebih baik dari  cabang kelas II.Pengembangan alternatif dengan membagi Kinerja  manajer menjadi 3 kelompok manajer sesuai bidangnya  ternyata  tidak menjadikan model  ini  lebih  baik.  Hal  ini dapat dinyatakan bahwa  partisipasi mempunyai dampak Synergi  terhadap Kinerja manajer secara  utuh.Pengembangan  alternatif dengan memasukkan  variabel pengalaman mendampingi variabel partisipasi dan pendidikan ternyata variabel pengalaman tidak  signifikan  terhadap Kinerja manajer Pengembangan  alternatif Par­tisipasi  diperinci menurut unsur­-unsur partisipasi secara  parsial ternyata memberikan gambaran yang tidak lebih baik pada  model.Unsur­-unsur partisipasi yang diklasifikasikan  menjadi   6  unsur merupakan unsur­-unsur yang terintegrasi.  Penggabungan 6  unsur tersebutmenciptakan synergi sehingga analisis  integratif dari 6 unsur tersebut memberikan gambaran yang lebih  baik dibanding dengan  analisis parsial masing­masing unsur  tersebut.