Esensi: Jurnal Bisnis dan Manajemen
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Prediksi Financial Distress Pada Perusahaan Manufaktur Di Bursa Efek Indonesia
No full textFinancial Distress Prediction in Manufacturing Companies at Indonesian Stock ExchangeThis study aims to identify, analyze, demonstrate and test the differences in health status between the model results Grover, Springate, and Zmijewski. The model used by investors who will invest in the company. This study has a characteristic that is tested three models and find the one best model. Data was tested using chi-square test. Results showed Hypothesis 1 accepted that there are differences in health status in the test model of Grover, Springate, and Zmijewski on manufacturing companies listed on the Stock Exchange 2006-2015. Model Springate is the best predictive model than the model Grover and Springate, because it has more components than the other models and models Springate have EBIT To Current Liabilities component is how much profit the ability to pay debts. This component is a very important component to see financial distress, due to financial distress occur because one debt that not covered by the companyDOI: 10.15408/ess.v7i2.479
Pemodelan Efisiensi Bank di Indonesia: Perbandingan antara Bank Syariah dan Bank Konvensional
No full textModeling of Indonesian Banks\u27 Efficiency: Comparative Study Between Islamic Banks and Conventional BanksThis study aims to analyze the efficiency comparison between Islamic banks and conventional banks in Indonesia in 2012-2014. The method used in this study is non-parametric approach with data envelopment analysis (DEA) and Panel data regression whereas input and output variables are treated in intermediary function. To measure the efficiency level of Islamic banks and conventional banks the independent sample t test is used. The result of the study shows that there is significant difference of efficiency between Islamic banking and conventional banking in 2012-2014. The empirical factors that affect Islamic banks and Conventional banks efficiency are ROA, CAR, and FDR variables. On the other hand, NPF results insignificantly and affects negatively towards Islamic banks efficiency. Lastly, ROA, NPL, LDR, and CAR had significantly affected Conventional banks efficiency.DOI: 10.15408/ess.v7i2.4989
Prediksi Financial Distress Bank Umum di Indonesia: Analisis Diskriminan dan Regresi Logistik
No full textFinancial Distress Prediction in The Indonesian Banks: Discriminant Analysis and Logistic RegressionThis research aims to create early warning models for predicting financial distress on Indonesian commercial banks. Early warning models is made by estimating bank indicators that led bank run into financial problems which to be shut down by the government. Estimation use two methods, discriminant analysis, logistic regression. The data used to create models is bank\u27s financial ratios in 1994-1997 gathered from Direktori Perbankan Indonesia (DPI). Out of the sample test use the data in 1998. All model were used to predict the bank\u27s financial distress after 2000. This study found some characteristics of distressed banks that will be in the state of failure in two or three years. Finally, this research found that early warning system models is able to predict the probability of financial distress on commercial banks.DOI: 10.15408/ess.v7i1.4686
Front Matter Volume 7, No. 1, April 2017
No full textFront Matter Volume 7, No. 1, April 2017DOI: 10.15408/ess.v7i1.489
Faktor Penentu Audit Report Lag Pemerintah Daerah di Indonesia
No full textThe Determine Factors of Audit Report Lag at Local Government in IndonesiaThis study aims to determine the effect of internal audit and the assistance of state development audit agency (BPKP) to audit report lag (ATR) at 330 local governments in Indonesia in 2013. Internal audits are proxied with the sufficiency of the number of internal auditors and the number of internal auditors that the local government has indicated, while the assistance of BPKP is projected by the implementation of the information system. This research is able to give a result that sufficient number of internal auditor, number of trained internal auditor, implementation of information system implementation have negative effect to audit report lag It is also important to implement a reliable system of financial management in order to make the financial management process more accountable and transparent.DOI: 10.15408/ess.v7i2.519
Posisi Negara Dalam Menangani Kepemilikan Publik: Distribusi Tanah Milik Negara Dalam Membangun Ekonomi Masyarakat Miskin
No full textLand is a fundamental part of human life. In fact, people\u27s access to land is very small, even lost due to government regulation in this sector does not support. The state policy through land reform regulations Act 56 of 1960 that people should not have more than five hectares of land (java), seems not yet realized properly. With literacy studies, the authors attempt to compile the various views, both in theory and concepts in order to find the position of the state in improving the local economy through a policy of land distribution.DOI: 10.15408/ess.v5i2.234
Pengaruh Mekanisme Corporate Governance Terhadap Tingkat Kepatuhan Mandatory Disclosure Pasca Konvergensi IFRS
No full textThe proportion of independent commissioners and the number of audit committee meeting. Data analysis method used is descriptive analysis method and hypothesis testing. The result in this study showed the average level of mandatory disclosure compliance after convergence of IFRS in statement comprehensive income is 59.73%. The result showed that corporate governance mechanism simultaneously affect the level of compliance with mandatory disclosure after convergence of IFRS. Meanwhile corporate governance mechanism variables that affect compliance are the managerial ownership, institutional ownership and the proportion of independent commissioners. Other variable that no affect is the numbers of audit committee meeting.DOI: 10.15408/ess.v5i2.234
Resistensi Masyarakat Terhadap Perbankan Syari’ah di Kota Langsa
No full textThe People Resistance to Islamic Banking in LangsaThe presence of Islamic Banking in Langsa since 2005 is in line with the aspirations of the Acehnese as an application of Islamic law. In this case the economic and finance tailored to the sharia is to establishe the people to be compete constructively in favor and the successful life such as happiness, glory, and the hereafter (falah). This things is to realized the shariah goal (maqashid sharia) especially in dharuriah five dimensions, such as: religion, life, thought, ancestry, and wealth. The Islamic banks has established in Langsa since 14 years ago, but the people in Langsa not yet fully trust the operational of Islamic banks. They think there is no difference between Islamic banks and conventional banks, beside using sharia label only. The people that become a conventional bank’s customer has a perception that either the Islamic banks or conventional banks still contains a riba.DOI: 10.15408/ess.v6i2.357
The Phenomenon of Bearish and Bullish in The Indonesian Stock Exchange
No full textThe Phenomenon of Bearish and Bullish in The Indonesian Stock ExchangeBearish and bullish pattern commonly exist in any of stock exchanges all over the world. Hereby, the volatility of price on specific stock and index will generally perform a typical co-movement. This study is officially intended to reveal the existence of bearish and bullish phenomenon in Indonesia stock exchange. The technical tool used in this study was known as candlestick analysis. It is utilized to discover the inclination of price movement and the percentage of bearish and bullish shown by the index. Further, it is noted that the object of this study is Indonesia stock exchange, which is surrogated by IDX Composite (IHSG). This research finally proved that there were 61 bearish (38.85%) and 96 time bulish (61.15%) patterns in IDX Composite (IHSG).DOI: 10.15408/ess.v6i2.375