Garuda - Garba Rujukan Digital

PENGARUH MANAJEMEN LABA RIIL TERHADAP PERINGKAT DAN PREMI PENERBITAN OBLIGASI KORPORASI Anthony, Aries Wicaksono; Frensidy, Budi
Jurnal Akuntansi Vol 20, No 2 (2016): May 2016
Publisher : Fakultas Ekonomi dan Bisnis Universitas Tarumanagara

Penelitian ini bertujuan untuk mengetahui pengaruh antara manajemen laba riil terhadap peringkat dan premipenerbitan obligasi perusahaan yang terdaftar di BEI dalam periode observasi 2009-2013. Penelitian ini menggunakan 40 perusahaan dengan sampel observasi obligasi sebanyak 92 obligasi. Model yang digunakan dalam penelitian ini mengikuti model yang digunakan dalam penelitian Ge dan Kim (2014). Penelitian ini memberikan hasilbahwa arus kas operasiyang semakin tinggi disebabkan manipulasi penjualanakan berpengaruh signifikan terhadapperingkat obligasi yang lebih baik dan manajemen laba riil tidak memiliki pengaruh yang signifikan terhadap yieldspread.This study aims to determine the effect of real earnings management towardsrating and yield spread of new corporate bonds listed on the BEI within the observation period 2009-2013. This study used sample of 40 companies with 92bonds observations. The model used in this study follows the model used in the research Ge and Kim (2014). This study provides results that higher level of operating cash flow from sales manipulation will significantly influence better bond rating and real earnings management has no significant effect on yieldspread.

Analisis Penerapan Program Laku Pandai pada PT XYZ Sari, Putu Ayu Sruti Permata; Frensidy, Budi
JURNAL ILMU MANAJEMEN DAN BISNIS Vol 10, No 2 (2019): Jurnal Ilmu Manajemen dan Bisnis. September 2019
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/jimb.v10i2.16997

Laku pandai merupakan program inklusi keuangan dan literasi keuangan yang diusung pemerintah agar lebih banyak masyarakat yang dapat tersentuh jasa keuangan. Realisasi nasabah laku pandai tahun 2018 PT XYZ tidak sesuai yang ditargetkan. Bagaimana pelaksanaan program laku pandai pada PT XYZ? Mengapa target nasabah PT XYZ tidak tercapai? Berdasarkan permasalahan tersebut, maka tujuan penelitian ini adalah untuk mengevaluasi pelaksanaan laku pandai di PT XYZ dan menganalisa faktor-faktor yang menyebabkan target nasabah laku pandai tidak tercapai pada tahun 2018. Metode penelitian dalam penelitian ini menggunakan metode kualitatif. Data yang digunakan adalah data primer. Analisis data pada penelitain ini menggunakan descriptive qualitative analysis. Temuan pada penelitian ini menunjukkan target nasabah laku pandai tidak tercapai karena pelaksanaan laku pandai PT XYZ menggunakan struktur di mana tersentralisasi, masih belum terintegrasi, masih memiliki fitur yang terbatas pada setoran, tarikan, dan transfer antar rekening laku pandai. Selain itu PT XYZ kurang memiliki pengalaman dalam menangani segmen pasar laku pandai, proses pembukaan rekening nasabah laku pandai PT XYZ memerlukan waktu yang melebihi SLA. Kata kunci: laku pandai, inklusi keuangan, literasi keuangan, branchless banking, bank.

The Performance of Undiversified Portfolio In Indonesia Stock Exchange Budi Frensidy
International Multidiciplinary Conference on Social Sciences (IMCoSS) Vol 1 (2015): 3rd IMCoSS 2015
Publisher : Bandar Lampung University

Show Abstract | Download Original | Original Source | Check in Google Scholar

This research is aimed to analyze the diversification practice among domestic retail investors at the Indonesia Stock Exchange (IDX) and its portfolio performance. An individual domestic investor at IDX holds 4.3 stocks on average with the median two stocks. This is in line with the findings of Goetzmann & Kumar (2008), Kelly (1995), and Polkovnichenko (2005). For the performance, without considering risk, minimum and moderate diversification portfolios tend to be better than the extensive diversification. However, when risk is taken into account, the undiversified portfolios do not outperform the extensive diversification.

The Effect of Hedging with Financial Derivatives on Firm Value at Indonesia Stock Exchange Budi Frensidy; Tasya Indah Mardhaniaty
Economics and Finance in Indonesia Volume 65, Number 1, June 2019
Publisher : Institute for Economic and Social Research

This study aims to analyze the effect of hedging for the risks of foreign currency, interest rate, and commodity price on firm value as measured by Tobin’s Q. The findings reveal that hedging with derivative instruments is insignificantly related to firm value but significantly varied in financial risks. Hedging for foreign currency risk has a significantly positive relation to firm value, while hedging for interest rate and commodity price risk has no relation. Furthermore, this study provides a novelty compared to previous studies in the utilization of the extent of hedging as the variable to measure the implementation of hedging.

PENGARUH MANAJEMEN LABA RIIL TERHADAP PERINGKAT DAN PREMI PENERBITAN OBLIGASI KORPORASI Aries Wicaksono Anthony; Budi Frensidy
Jurnal Akuntansi Vol. 20 No. 2 (2016): May 2016
Publisher : Fakultas Ekonomi dan Bisnis Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ja.v20i2.60

Penelitian ini bertujuan untuk mengetahui pengaruh antara manajemen laba riil terhadap peringkat dan premipenerbitan obligasi perusahaan yang terdaftar di BEI dalam periode observasi 2009-2013. Penelitian ini menggunakan 40 perusahaan dengan sampel observasi obligasi sebanyak 92 obligasi. Model yang digunakan dalam penelitian ini mengikuti model yang digunakan dalam penelitian Ge dan Kim (2014). Penelitian ini memberikan hasilbahwa arus kas operasiyang semakin tinggi disebabkan manipulasi penjualanakan berpengaruh signifikan terhadapperingkat obligasi yang lebih baik dan manajemen laba riil tidak memiliki pengaruh yang signifikan terhadap yieldspread.This study aims to determine the effect of real earnings management towardsrating and yield spread of new corporate bonds listed on the BEI within the observation period 2009-2013. This study used sample of 40 companies with 92bonds observations. The model used in this study follows the model used in the research Ge and Kim (2014). This study provides results that higher level of operating cash flow from sales manipulation will significantly influence better bond rating and real earnings management has no significant effect on yieldspread.

ANALISIS PENGARUH AKSI BELI-JUAL ASING, KURS, DAN INDEKS HANG SENG TERHADAP INDEKS HARGA SAHAM GABUNGAN DI BURSA EFEK INDONESIA DENGAN MODEL GARCH Budi Frensidy
Media Riset Bisnis & Manajemen Vol. 8 No. 1 (2008): Media Riset Bisnis & Manajemen
Publisher : Universitas Trisakti

The identify of investors doing a transaction, either domestic or foreign, is so transparent in our capital market. This allow some traders to follow the trading of a certain group of traders, namely foreign investors. This herding behavior is based on two assumptions. First, foreign investors are believed to have bigger capital. Second, they are also regarded to own more superior information and better fundamental outlook than the domestic investors.Based on this phenomenon, it is predicted that there is a positive relationship between IHSG (the composite stock index of Indonesian Stock Exchange) and the net daily foreign fund flow in the market. Besides confirming the above hypothesis, this study also tries to find out the effect of exchange rate and regional stock index on the IHSG, using GARCH model.Keywords: Foreign investor, Herding, Exchange rate

Analysis of Buy or Rent Measuring Tank Equipment Decision at PT ABC Regina Fitriafrishanti; Budi Frensidy
Budapest International Research and Critics Institute-Journal (BIRCI-Journal) Vol 5, No 2 (2022): Budapest International Research and Critics Institute May
Publisher : Budapest International Research and Critics University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33258/birci.v5i2.5363

PT. ABC Group is committed to providing and developing renewable energy to create national energy independence. The process of stockpiling fuel oil in storage tanks throughout work area is an activity that is inseparable from a fuel stockpiling terminal. Measurement activities can be done manually or automatically. Measurements performed manually have many limitations. These limitations can be solved if measurements are carried out using Automatic Tank Gauging (ATG). ATG is able to convert data into digital form so that it can be used for reading or processing data in other systems. The required ATG can be obtained in several ways for instance buying with a loan or renting. The purpose of this study is to apply the analysis of NPV (Net Present Value) and APV (Adjusted Present Value) to implement the use of ATG. NPV and APV analysis were used to obtain the most favorable option for using ATG. Based on the results of the analysis conducted on the data and assumptions obtained, it can be concluded that there is no choice between renting and buying with a loan that is always superior to all conditions in providing ATG. Many factors influence each decision, including the percentage of the rental price compared to the ATG value, technological developments, and the amount of the discount rate or expected return value by the company.

Title

Found 7 Documents
Search

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Title Search

Found 7 Documents Search

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Title

Found 7 Documents
Search