Jurnal Riset Finansial Bisnis
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Pengaruh good corporate governance dan manajemen laba terhadap kinerja perusahaan
No full textPurposes - The purpose of this research is to analyze the influence of good corporate governance to earnings management; the influence of good corporate governance on corporate performance; influence of earnings management on company performance; and the influence of good corporate governance on company performance through earnings management.
Methods - The approach used in this research is a quantitative approach. A total of 30 companies was used as samples inthis study using path analysis.
Findings - First, good corporate governance has a negative and insignificant influence on earnings management. Second, good corporate governance has a negative and insignificant effect on company performance. Third, earnings management has a positive and insignificant influence on company performance. Fourth, earnings management does not mediate the influence of good corporate governance on corporate performance.
Keywords - Good corporate governance, earnings management, and corporate performance.Purposes - The purpose of this research is to analyze the influence of good corporate governance to earnings management; the influence of good corporate governance on corporate performance; influence of earnings management on company performance; and the influence of good corporate governance on company performance through earnings management.
Methods - The approach used in this research is a quantitative approach. A total of 30 companies was used as samples inthis study using path analysis.
Findings - First, good corporate governance has a negative and insignificant influence on earnings management. Second, good corporate governance has a negative and insignificant effect on company performance. Third, earnings management has a positive and insignificant influence on company performance. Fourth, earnings management does not mediate the influence of good corporate governance on corporate performance.
Keywords - Good corporate governance, earnings management, and corporate performance
Analisis optimasi portofolio saham dengan menggunakan model indeks tunggal
No full textPurposes - This study aims to determine stocks to form an optimal portfolio of banking companies’ stocks incorporated in the LQ-45 index on the Indonesia Stock Exchange and the percentage of proportion of funds using a single index model.
Methods - Sampling technique of this research was using purposive sampling method, so that got 5 banking company which becomes a sample of research. Technique of collecting data of this research uses documentation with secondary data. The data analysis method used in this research is the single index model.
Findings - The result of the research concludes that the companies that become the sample of research enter into optimal portfolio and the amount of fund proportion as follows: Shares of PT. Bank Tabungan Negara (BBTN) of 29,62%, PT. Bank Central Asia (BBCA) of 24,74 %, PT. Bank Rakyat Indonesia (BBRI) of 11,37%, PT. Bank Mandiri (BMRI) of 27,33% and PT. Bank Negara Indonesia (BBNI) of 6,94%. The portfolio of five stocks provides a portfolio return of 5,97362% and portfolio risk of 0,0218% for each share. The portfolio return is greater than the previously anticipated return of 2,495%.
Keywords - Optimization, stock portfolio, single index model Purposes - This study aims to determine stocks to form an optimal portfolio of banking companies’ stocks incorporated in the LQ-45 index on the Indonesia Stock Exchange and the percentage of proportion of funds using a single index model.
Methods - Sampling technique of this research was using purposive sampling method, so that got 5 banking company which becomes a sample of research. Technique of collecting data of this research uses documentation with secondary data. The data analysis method used in this research is the single index model.
Findings - The result of the research concludes that the companies that become the sample of research enter into optimal portfolio and the amount of fund proportion as follows: Shares of PT. Bank Tabungan Negara (BBTN) of 29,62%, PT. Bank Central Asia (BBCA) of 24,74 %, PT. Bank Rakyat Indonesia (BBRI) of 11,37%, PT. Bank Mandiri (BMRI) of 27,33% and PT. Bank Negara Indonesia (BBNI) of 6,94%. The portfolio of five stocks provides a portfolio return of 5,97362% and portfolio risk of 0,0218% for each share. The portfolio return is greater than the previously anticipated return of 2,495%.
Keywords - Optimization, stock portfolio, single index model  
Pengaruh struktur kepemilikan dan keputusan keuangan terhadap nilai perusahaan go public
No full textTujuan - Tujuan penelitian ini yaitu untuk menganalisis pengaruh nilai perusahaan terhadap struktur kepemilikan; pengaruh nilai perusahaan terhadap keputusan keuangan; pengaruh struktur kepemilikan terhadap keputusan keuangan; dan pengaruh nilai perusahaan terhadap keputusan keuangan melalui struktur kepemilikan.
Metode - Sampel perusahaan ini terdiri dari 30 perusahaan Go Public yang ada di Bursa Efek Indonesia pada tahun 2016.
Hasil - Pertama, Pengaruh langsung X1 (struktur kepemilikan) terhadap X2 (keputusan keuangan) adalah negatif dan tidak signifikan. Kedua, Pengaruh langsung X1 (struktur kepemilikan) terhadap Y (nilai perusahaan) adalah positif dan tidak signifikan. Ketiga, Pengaruh langsung X2 (keputusan keuangan) terhadap Y (nilai perusahaan) adalah negatif dan tidak signifikan. Keempat, Pengaruh tidak langsung X1 (struktur kepemilikan) terhadap Y (nilai perusahaan) tidak dimediasi oleh X2 (keputusan keuangan).
Kata Kunci : Struktur kepemilikan, keputusan keuangan, dan nilai perusahaan.Tujuan - Tujuan penelitian ini yaitu untuk menganalisis pengaruh nilai perusahaan terhadap struktur kepemilikan; pengaruh nilai perusahaan terhadap keputusan keuangan; pengaruh struktur kepemilikan terhadap keputusan keuangan; dan pengaruh nilai perusahaan terhadap keputusan keuangan melalui struktur kepemilikan.
Metode - Sampel perusahaan ini terdiri dari 30 perusahaan Go Public yang ada di Bursa Efek Indonesia pada tahun 2016.
Hasil - Pertama, Pengaruh langsung X1 (struktur kepemilikan) terhadap X2 (keputusan keuangan) adalah negatif dan tidak signifikan. Kedua, Pengaruh langsung X1 (struktur kepemilikan) terhadap Y (nilai perusahaan) adalah positif dan tidak signifikan. Ketiga, Pengaruh langsung X2 (keputusan keuangan) terhadap Y (nilai perusahaan) adalah negatif dan tidak signifikan. Keempat, Pengaruh tidak langsung X1 (struktur kepemilikan) terhadap Y (nilai perusahaan) tidak dimediasi oleh X2 (keputusan keuangan).
Kata Kunci : Struktur kepemilikan, keputusan keuangan, dan nilai perusahaan
Studi kebijakan deviden: Variabel anteseden dan konsekuensi terhadap nilai perusahaan
Full text linkPurposes - This study aims to discuss the effect of profitability on dividend policy; the profitability on firm value; the dividend policy on firm value, and the profitability on firm value mediated by dividend policy.
Methods - This research was conducted at the Banking companies in Indonesian Stock Exchange (IDX). The sample in this study amounted to 6 of 43 banking sub-sector companies listed on the Stock Exchange in the period 2011 to 2015. The data analysis technique used in this study was path analysis.
Findings - The results of this study prove that: Firstly, influence of profitability (return on asset) on dividend policy (dividend payout ratio) was negative and not significant. Secondly, influence of profitability (return on asset) on company value (price book value) was positive and significant. Thirdly, influence of dividend policy (dividend payout ratio) on company value (price book value) was negative and not significant. Fourthly, dividend policy (dividend payout ratio) was not mediated influence of profitability (return on asset) on company value (price book value).
Keywords - Return on assets, dividend payout ratio, price book value.Purposes - This study aims to discuss the effect of profitability on dividend policy; the profitability on firm value; the dividend policy on firm value, and the profitability on firm value mediated by dividend policy.
Methods - This research was conducted at the Banking companies in Indonesian Stock Exchange (IDX). The sample in this study amounted to 6 of 43 banking sub-sector companies listed on the Stock Exchange in the period 2011 to 2015. The data analysis technique used in this study was path analysis.
Findings - The results of this study prove that: Firstly, influence of profitability (return on asset) on dividend policy (dividend payout ratio) was negative and not significant. Secondly, influence of profitability (return on asset) on company value (price book value) was positive and significant. Thirdly, influence of dividend policy (dividend payout ratio) on company value (price book value) was negative and not significant. Fourthly, dividend policy (dividend payout ratio) was not mediated influence of profitability (return on asset) on company value (price book value).
Keywords - Return on assets, dividend payout ratio, price book value
Pengaruh debt to equity ratio dan total asset turn over terhadap price to book value dengan return on asset sebagai variabel intervening
Full text linkPurposes - This study aims to determine and analyze the effect of Debt to Equity Ratio and Total Asset Turn Over on Value of Book Value with Return On Assets as an intervening variable on Property & Real Estate companies mentioned on the Indonesia Stock Exchange.
Methods - This study uses associative approach approach. The population used in this study are 48 Property & Real Estate companies listed on the Indonesia Stock Exchange. While the samples taken were 10 companies using purposive sampling. To obtain the data needed in this study, the author uses documentation techniques from the data published by the company on the official website of IDX www.idx.co.id. As well as annual reports owned by the company. Data analysis techniques in this study are using path analysis, classical assumption test, multiple linear regression, t test, multiple test (Sobel test), F test and coefficient of determination.
Findings - The results of this study indicate partially that the Debt to equity Ratio has a negative and significant effect on Return on Assets. Total Asset Turn Over has no significant effect and positive direction on return on Asset. Debt to Equity Ratio has no significant influence and positive direction on Price to Book Value. Total Asset Turn Over has no effect on Price to Book Value. Simultaneously there is a significant influence between Debt to Equity Ratio and Total Asset Turn Over to Price to Book Value. Return On Asset cannot mediate the influence of Debt to Equity Ratio on Price to Book Value. and Return On Asset cannot mediate the effect of Total Turnover Assets on Price to Book Value on Property & Real Estate Companies listed on the Indonesia Stock Exchange.Purposes - This study aims to determine and analyze the effect of Debt to Equity Ratio and Total Asset Turn Over on Value of Book Value with Return On Assets as an intervening variable on Property & Real Estate companies mentioned on the Indonesia Stock Exchange.
Methods - This study uses associative approach approach. The population used in this study are 48 Property & Real Estate companies listed on the Indonesia Stock Exchange. While the samples taken were 10 companies using purposive sampling. To obtain the data needed in this study, the author uses documentation techniques from the data published by the company on the official website of IDX www.idx.co.id. As well as annual reports owned by the company. Data analysis techniques in this study are using path analysis, classical assumption test, multiple linear regression, t test, multiple test (Sobel test), F test and coefficient of determination.
Findings - The results of this study indicate partially that the Debt to equity Ratio has a negative and significant effect on Return on Assets. Total Asset Turn Over has no significant effect and positive direction on return on Asset. Debt to Equity Ratio has no significant influence and positive direction on Price to Book Value. Total Asset Turn Over has no effect on Price to Book Value. Simultaneously there is a significant influence between Debt to Equity Ratio and Total Asset Turn Over to Price to Book Value. Return On Asset cannot mediate the influence of Debt to Equity Ratio on Price to Book Value. and Return On Asset cannot mediate the effect of Total Turnover Assets on Price to Book Value on Property & Real Estate Companies listed on the Indonesia Stock Exchange
Pengaruh non-performing loan, kredit macet dan laba bersih terhadap penyisihan kerugian kredit
Full text linkPurposes - The purpose of this study is to determine the effect between non-performing loan, bad credit and net profit to allowance for credit losses at PT Bank Sumut Kantor Pusat Medan.
Methods - The independent variables in this study consist of non-performing loan, bad credit and net profit while the dependent variable is allowance for credit losses. Documentation study was techniques for data collection, while multiple regression was a technique for analyzing data in this study.
Findings - The result of this study proves that non-performing loan and bad credit effected on allowance for credit losses, but net profit did not effected on allowance for credit losses.
Keywords - Non-performing loan, bad credit, net profit and allowance for credit losses. Purposes - The purpose of this study is to determine the effect between non-performing loan, bad credit and net profit to allowance for credit losses at PT Bank Sumut Kantor Pusat Medan.
Methods - The independent variables in this study consist of non-performing loan, bad credit and net profit while the dependent variable is allowance for credit losses. Documentation study was techniques for data collection, while multiple regression was a technique for analyzing data in this study.
Findings - The result of this study proves that non-performing loan and bad credit effected on allowance for credit losses, but net profit did not effected on allowance for credit losses.
Keywords - Non-performing loan, bad credit, net profit and allowance for credit losses.  
Pengaruh struktur modal dan profitabilitas terhadap harga saham perusahaan manufaktur
No full textPurposes - The purpose of this study is to analyze the effect of capital structure on stock prices; the influence of capital structure on profitability; the effect of profitability on stock prices; and the effect of capital structure on profitability through stock prices.
Methods - This research approach pertained to quantitative research approach, especially its correlation research. The population in this study is a manufacturing company listed on the Indonesia Stock Exchange (BEI) in 2016. Pursuant to purposive sampling method obtained 30 samples. Data is obtained from its Public Financial Report issued by Bank Indonesia. Data analysis technique in this research uses path analysis.
Findings - First, the capital structure has a negative, but significant effect on profitability; Second, the capital structure has a positive, but insignificant effect on stock prices; Third, profitability has a positive, but not significant effect on stock prices; Fourth, the effect of capital structure on stock prices is not mediated by profitability.
Keywords - Capital Structure, Profitability, Stock PricePurposes - The purpose of this study is to analyze the effect of capital structure on stock prices; the influence of capital structure on profitability; the effect of profitability on stock prices; and the effect of capital structure on profitability through stock prices.
Methods - This research approach pertained to quantitative research approach, especially its correlation research. The population in this study is a manufacturing company listed on the Indonesia Stock Exchange (BEI) in 2016. Pursuant to purposive sampling method obtained 30 samples. Data is obtained from its Public Financial Report issued by Bank Indonesia. Data analysis technique in this research uses path analysis.
Findings - First, the capital structure has a negative, but significant effect on profitability; Second, the capital structure has a positive, but insignificant effect on stock prices; Third, profitability has a positive, but not significant effect on stock prices; Fourth, the effect of capital structure on stock prices is not mediated by profitability.
Keywords - Capital Structure, Profitability, Stock Pric
Pengaruh profitabilitas dan kinerja lingkungan terhadap nilai perusahaan
Full text linkThe purpose of this study is to examine the effect of profitability and environmental performance on the value of the company, both partially and simultaneously. The sample of this study consists of 80 industrial companies listed on the Indonesia Stock Exchange in the period 2014 - 2015 with purposive sampling sampling technique. This research uses multiple linear regression as data analysis technique. The study results indicate that partially or simultaneously, there is no significant effect of profitability and environmental performance on the value of companies in industrial companies listed on the Indonesia Stock Exchange Period 2014 - 2015.
Keywords: Profitability; Environmental performance; Company value. The purpose of this study is to examine the effect of profitability and environmental performance on the value of the company, both partially and simultaneously. The sample of this study consists of 80 industrial companies listed on the Indonesia Stock Exchange in the period 2014 - 2015 with purposive sampling sampling technique. This research uses multiple linear regression as data analysis technique. The study results indicate that partially or simultaneously, there is no significant effect of profitability and environmental performance on the value of companies in industrial companies listed on the Indonesia Stock Exchange Period 2014 - 2015.
Keywords: Profitability; Environmental performance; Company value.  
Studi kebijakan hutang: Antaseden dan dampaknya terhadap nilai perusahaan
Full text linkPurposes - The purpose of this study is to test empirically the influence of institutional ownership, return on equity, debt equity ratio to price book value.Methods - The approach was used in this study is quantitative, especially associative. The samples in this study there were 9 companies. The method was used for data analysis is path analysis.Findings - The results of this study indicate the effect of institutional ownership and return on equity on debt equity ratio were not significant; The influence of institutional ownership and debt equity ratio on price book value were not significant, only the return on equity which was significant effected on price book value.Keywords - Institutional ownership, Return on equity, Debt equity ratio, Price book value.Purposes - The purpose of this study is to test empirically the influence of institutional ownership, return on equity, debt equity ratio to price book value.Methods - The approach was used in this study is quantitative, especially associative. The samples in this study there were 9 companies. The method was used for data analysis is path analysis.Findings - The results of this study indicate the effect of institutional ownership and return on equity on debt equity ratio were not significant; The influence of institutional ownership and debt equity ratio on price book value were not significant, only the return on equity which was significant effected on price book value.Keywords - Institutional ownership, Return on equity, Debt equity ratio, Price book value
Anteseden return on equity dengan kepemilikan institusional sebagai variabel moderating
Full text linkThis study aims is to analyze the partial and the simultaneous influence of the current ratio, debt to equity ratio, total asset turnover and inventory turnover to return on equity in the retail trading company in Indonesia. In addition, this study also aims to analyze the effect of institutional ownership in moderating the relationship between current ratio, debt to equity ratio, total asset turnover and inventory turnover with return on equity of the retail trading company in Indonesia. The type of this research is quantitative, especially for analyzing associative issues. The source of this research data was taken from the retail trading companies listed on the Indonesia Stock Exchange for the period 2010-2014. The study sample consisted of 11 retail trading companies. In this research, the data analysis technique was using multiple linear regression.Result of the research shows that partially current ratio, debt to equity ratio, and total asset turnover do not have significant effect to return on equity, while inventory turnover has significant effect on return on equity. Simultaneously, current ratio, debt to equity ratio, total asset turnover inventory turnover and institutional ownership have no significant effect on return on equity. Institutional ownership does not affect the relationship between current ratio, debt to equity ratio, total asset turnover and inventory turnover on return on equity and institutional ownership is not moderating variable.Keywords: Current ratio, Debt equity ratio, Total asset turnover, Inventory turnover, Return on equity, Institutional ownership.This study aims is to analyze the partial and the simultaneous influence of the current ratio, debt to equity ratio, total asset turnover and inventory turnover to return on equity in the retail trading company in Indonesia. In addition, this study also aims to analyze the effect of institutional ownership in moderating the relationship between current ratio, debt to equity ratio, total asset turnover and inventory turnover with return on equity of the retail trading company in Indonesia. The type of this research is quantitative, especially for analyzing associative issues. The source of this research data was taken from the retail trading companies listed on the Indonesia Stock Exchange for the period 2010-2014. The study sample consisted of 11 retail trading companies. In this research, the data analysis technique was using multiple linear regression.Result of the research shows that partially current ratio, debt to equity ratio, and total asset turnover do not have significant effect to return on equity, while inventory turnover has significant effect on return on equity. Simultaneously, current ratio, debt to equity ratio, total asset turnover inventory turnover and institutional ownership have no significant effect on return on equity. Institutional ownership does not affect the relationship between current ratio, debt to equity ratio, total asset turnover and inventory turnover on return on equity and institutional ownership is not moderating variable.Keywords: Current ratio, Debt equity ratio, Total asset turnover, Inventory turnover, Return on equity, Institutional ownership