Rumah Jurnal Unisnu Jepara (Universitas Islam Nahdlatul Ulama Jepara)
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PERFORMANCE EVALUATION OF LQ45 STOCKS IN THE INDONESIA STOCK EXCHANGE DURING PERIOD OF 2016-2018
Get PDFObjective: This study investigates the performance evaluation of each LQ45 stock in the Indonesia Stock Exchange conducted by using the Sharpe Index, Treynor Ratio, Jensen Alpha, Sortino Ratio, and Information Ratio. Stocks evaluated are those that consistently listed in the LQ45 index during 2016-2018. Research Design & Methods: The number of samples used in this study was 32 stocks taken using a purposive sampling technique. The data used in this study are the monthly closing price of stocks, the composite stock price index, and the BI 7-day Repo Rate interest rate data. Findings: The results of this study show that not all stocks included in the LQ45 index have good performances. The results of this study show that BBCA stock is the best stocks based on Sharpe Index and Information Ratio. Based on the Jensen Alpha method and the Sortino Ratio, PTBA stock is the best stocks. As for the Treynor Ratio method, the best stock is INCO. Recommendations: There is a blemish in research for further research that is expanding the scope of research, not only companies included in LQ45. Future studies can analyze portfolios consisting of LQ45 stocks and updating periods because stock performance is cyclical. Contribution & Value Added: This research contributes to the analysis of LQ45 stock performance based on five methods including Sortino and Information Ratio that are rarely used and show differences in the results of the five stock performance indices
AN INVESTIGATION OF CONSUMER BRAND ENGAGEMENT ANTECEDENTS ON IPHONE SMARTPHONE USERS
Get PDFObjective: This research provide evidence that there are significant and positive influences between the three main predictors of CBE (Consumer Brand Engagement) namely consumer involvement, consumer participation, and self-expressive brand on the three dimensions of CBE namely cognitive processing, affection, and activation. Research Design & Methods: This quantitative research is using purposive sampling combined with snowball sampling method to collect data from 295 respondents which are Iphone users/consumers at several location in Indonesia. Structural Equation Modeling - AMOS is also used to test the nine hypothesis. Findings: six of nine research hypothesis are significantly and positively supported between analyzed variables. Meanwhile, the other three hypothesis aren’t supported. Implications & Recommendations: Based on the findings, it can be stated that for the Apple Inc., as the owner of Iphone brand, they should give more experience, encourage participation, and emotional relation to their consumers as they continue using the products. Ideas, critics, and suggestion from consumers is also important factors to the brand. Contribution & Value Added: This research provides insight to understand CBE dimensions and its antecedents on Iphone smartphone brand which are consumers involvement, consumer participation, and self-expressive brand on cognitive processing, affection, and activation
THE EFFECT OF PERSONALITY, SELF-CONTROL AND FINANCIAL CONSTRAINTS ON FINANCIAL PLANNING
Get PDFObjective: Small and medium enterprises (SMEs) have become a focus of attention by economists until now. Furthermore, their financial planning capacity as reflected in the level of their financial literacy in Central Java province which is 33.51% and this is included in the not-literate category. This paper describes the results of a study investigating the effect of personality, self-control, and financial constraints on SME financial planning in Jepara, Central Java. Research Design & Methods: A quantitative approach is used to determine the effect of personality, self-control, and financial constraints to financial planning by using using software SmartPLS. This study used 285 questionnaires collected from SME owners in Jepara by proportional random sampling. The sample size was determined using the Slovin formula. Measurement of variables was done by the adoption of indicators of previous studies by adjusting it according to current situation. Findings: The results showed that personality, self-control, and financial constraints have a positive and significant effect on financial planning. The positive personality shown by SME owners and their ability to control emotions have a positive impact on the financial planning process. These findings also indicate that financial constraints are not an obstacle for SMEs to remain productive and conducting future financial planning. Implications & Recommendations: SME owners can use the results of this study as they are more enthusiastic to increase productivity. SMEs must begin to develop financial planning in more detail to improve business performance and maintain themselves in the market. Future research can re-examine the concept of this research on a larger scale, nationally or even internationally. Contribution & Value Added: This research contributes to social and financial literature because it involves personality in the financial planning process
Analisis Faktor-Faktor yang Mempengaruhi Return Saham (Studi Kasus Pada Perusahaan Manufaktur Sektor Food and Beverages yang Terdaftar di BEI Periode 2013-2018)
Get PDFOpportunities for investment in food and beverage companies are very promising, because seen from sales turnover, food and beverage companies always experience an increase, of course this is very attractive for investors to invest their capital. The purpose of this study is to determine the effect of ROA, ROE, NPM, EPS, PER and DER on Manufacturing Companies in the Food and Beverages sector on the Indonesia Stock Exchange. The type of research used in this research is quantitative data. The dependent variable in this research is Stock Return. The independent variables in this study are: Return On Assets (ROA), Return On Equity (ROE), Net Profit Margin (NPM), Earning Per Share (EPS), Price Earning Ratio (PER), Debt to Equity Ratio (DER). The population taken in this study was obtained from manufacturing companies in the food and beverages sector listed on the Indonesia Stock Exchange starting from 2013 to 2018 with a total of 29 companies. The results showed that the independent variables, namely ROA, ROE, NPM, EPS, PER and DER simultaneously affected the dependent variable of stock returns. This means that if the variables ROA, ROE, NPM, EPS, PER and DER if there is an increase or decrease, it will have an impact on increasing and decreasing stock returns listed on the Indonesia Stock Exchange in 2013 - 2016
Analisis Pengaruh Pengungkapan Corporate Sosial Responsibility Terhadap Nilai Perusahaan dengan Profitabilitas Sebagai Varabel Moderasi (Studi Empiris Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia Periode 2016-2019)
Get PDFThis research stems from the problem of the lack of attention of a number of companies on corporate social responsibility so that the purpose of this study is to determine whether Corporate Social Responsibility has an effect on firm value with profitability as a moderating variable in mining companies listed on the Stock Exchange for the 2016-2019 period. This study uses descriptive statistical data analysis techniques, classical assumption test, multiple linear regression, R2 test, F test, and T test. The sample of this research is the disclosure of corporate social responsibility through annual reports in the mining sector for the 2016-2019 period using the sampling method. Fed up. There are 64 companies listed on the IDX for the 2016-2019 period. By using saturated sampling, the entire population was sampled, so that the sample in this study was 64 companies. Based on the results of research conducted using the Statistical Product and Service Solution (SPSS 20), it shows that corporate social responsibility has an effect on firm value and profitability is able to strengthen the influence of corporate social responsibility on firm value, it is known that the t-count value is smaller than the t-table value, and the significance value is greater than the level of significance. Simultaneously or simultaneously, the independent variables of corporate social responsibility and profitability as moderating influence on the dependent variable, namely firm value
WORKPLACE SPIRITUALITY AND JOB CRAFTING: EFFORTS TO ELIMINATE THE IMPACT OF WORK OVERLOAD
Get PDFObjective: This study discusses the importance of job crafting and workplace spirituality on the impact of role overload, which in turn leads to increase job performance. There is a limited previous research on job crafting and workplace spirituality, especially in the microfinance institutions. Research Design & Methods: Our research seeks to gain further understanding of the overall work overload occurrence, so we choose samples from microfinance institutions that can be expected to show excessive roles because of character of their work that is frequently in high pressure. Data collected from 119 questionnaires were analyzed using PLS-SEM with SMART-PLS software. Findings: The results showed that employees experienced work overload of both quantitative overload (feeling of any more work than the available time allocation) and qualitative overload (sense that the work requires skills, abilities and knowledge beyond the capacity of the individual), yet failed to show the role of workplace spirituality as a moderating variable. Implications & Recommendations: Future research can be carried out at larger institutions or industries and a larger number of samples for the sake of generalization and work overload occurence related to certain industrial situations. Contribution & Value Added: Our main contributions lie on the proposition that job crafting and workplace spirituality play a role in eliminating the impact of work overload. This study reinforces role evidence of job crafting and workplace spirituality on the impact of role overload
AN ANALYSIS OF THE RELATIONSHIP BETWEEN EARNINGS AND CORPORATE TAXES ON DIVIDEND POLICY OF COMPANIES IN SRI-KEHATI INDEX
Get PDFObjective: This study examines the effect of earnings and corporate taxes role on the company's dividend policy in the SRI-KEHATI Index. In this research, dividend policy means dividends paid proportion to shareholders. Earnings are estimated by four financial ratios namely contributed capital ratio, prior year-earnings, sales growth, and return on assets.Research Design & Methods: The sample is taken according to purposive sampling with the criteria of the consistency of the company listed in the SRI-KEHATI Index during 2014-2017 and routinely distributes annual dividends, finally 14 companies are taken from 33 companies. Panel data were examined with the assistance of Eviews 9.0 software. Data collected from the company's financial statements and measured using a formula adopted from earlier research. Findings: Empirical results found that capital ratio, prior year-earnings, sales growth, and corporate taxes did not significantly affect the dividend payout ratio. While return on assets has a positive effect on dividend payout ratio. Companies that grow well will need more funds to cover their financing and try to keep up their income proportion, one way is to pay a constant dividend, lower, or even zero dividends. Limitations & Recommendations: This finding recommends that investors should pay attention to company profitability by measuring return on assets. Future research can use the new stock index’s constituents such as IDX High Dividend 20 and include other factors that indicated to determine dividend policy. Contribution & Value Added: This result contributes to the financial literature, especially related to the dividend policy of public listed companies in Indonesia. Practically, investors can use this result as additional information in investment decisions
Analisis Penerapan Prioritas Penggunaan Dana Desa Berdasarkan Permendesa PDTT di Desa Karangaji Kecamatan Kedung Kabupaten Jepara Pada Tahun 2016-2019
Get PDFThis study aims to analyze the application of priority use of village funds based on the Permendesa PDTT in Karangaji Village, Kedung District, Jepara Regency in 2016-2019. This research is descriptive qualitative research using a case study model (Case Study). The data used are primary data (interview results) and secondary data (copy file of the Village Revenue and Expenditure Budget (APBDes) from Karangaji Village, Kedung District, Jepara Regency in 2016-2019). Informants from this study were the Village Head, Village Secretary, Head of Administrative and General Affairs, and Head of Financial Affairs. The data processing method used is data sorting, data classification, data editing, and data confirmation. The analytical method used in this research is the analytical technique by Miles & Huberman which starts from data collection, data reduction, data presentation to conclusion drawing, and data verification. The results of this study explain that the application of the Permendesa PDTT or the Regulation of the Minister of Villages for Disadvantaged Regions and Transmigration regarding the priority of using village funds can be said to have not been fully implemented, there are several obstacles related to the implementation of the priority use of village funds experienced by Karangaji Village to create some expectations regarding the achievement of priorities the use of village funds in Karangaji Village
Pengaruh Ukuran Perusahaan, Tipe Auditor, Profitabilitas, dan Leverage Terhadap Pengungkapan Modal Intelektual (Studi Pada Perusahaan di Bidang Infrastruktur, Utilitas, dan Transportasi yang Terdaftar di BEI Tahun 2018-2019)
Get PDFThis study is to analyze the effect of company size, industry type, auditor type, profitability and leverage on intellectual capital disclosure (Study on Infrastructure, Utilities, and Transportation Companies listed on the IDX in 2018-2019). The population in this study are Companies in the Infrastructure, Transportation and Utilities that are listed on the IDX in 2018-2019, as many as 104 companies. The sampling technique used was the Saturated Sampling (Census Sampling) method, that is, the total population was used as the research sample. Data analysis methods are descriptive statistical analysis, classical assumption test, regression analysis, and hypothesis testing. The results of this study indicate that there is no effect of industry type, profitability, and leverage on intellectual capital disclosure. However, firm size has a negative effect and the type of auditor has a positive and significant effect on intellectual capital disclosur
Pengaruh Faktor Internal Dan Faktor Eksternal Terhadap Return Saham Pada Perusahaan yang Terdaftar di Jakarta Islamic Index (JII) Periode 2014-2018
Get PDFThis research aims to measure and find out empirically how the influence of internal factors Return On Assets (ROA), Debt to Equity Ratio (DER), Current Ratio (CR), and Earning Per Share (EPS) while the external fakor inflation and Rupiah Exchange Rate (exchange rate) on the return of Islamic stocks. This research consists of companies listed in the Jakarta Islamic Index (JII) from various sectors in the period 2014-2018. Sampling in this study used purposive sampling, with a sample count of 14 companies. The data used is secondary data with descriptive quantitative research methods, while hypothesis testing using a multiple liner regression analysis model with the help of statistical product and service solution (SPSS) program version 23. The results showed that internal factors as well as external factors together have a significant influence on stock returns. While partially the influence varies, variable return on asset (ROA) and inflation proved to affect stock returns. While those that proved to have no effect on stock returns were variable Debt Equity Ratio (DER), Current Ratio (CR), Earning per Share (EPS), and rupiah exchange rate against sharia stock return in the Jakarta Islamic Index (JII)