Media Riset Bisnis & Manajemen (E-Journal)
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PENGARUH NON-PERFORMING LOANS TERHADAP PROFITABILITY BANK KOMERSIAL YANG TERDAFTAR DI BURSA EFEK INDONESIA
AbstrakTujuan-Penelitian ini bertujuan untuk mengetahui pengaruh NPL terhadap profitability. Desain/Metodologi/Pendekatan-Regresi data panel berganda digunakan untuk mengukur pengaruh faktor internal bank seperti NPL, LDR, bank size, dan GDP Growth Rate sebagai faktor eksternal bank terhadap profitability. Hasil–Penelitian ini menjelaskan bahwa NPL berpengaruh negatif signifikan terhadap profitability, sedangkan LDR dan bank size mempunyai pengaruh positif yang signifikan terhadap profitability, serta GDP Growth Rate tidak berpengaruh terhadap profitability.Keterbatasan/Nilai-Faktor yang digunakan untuk menguji profitability bank pada penelitian ini hanya terbatas pada NPL, LDR, bank size, dan GDP Growth Rate. AbstractPurpose-This study aims to determine the effect of NPL on the profitability of commercial banks.Design/Methodology/Approach-Multiple panel data regression is used to measure the effect of bank internal factors such as NPL, LDR, bank size, and GDP Growth Rate as bank external factors on profitability.Result–NPL have a significant negative effect on profitability, while LDR and bank size have a significant positive effect on profitability, and GDP Growth Rate has no effect on profitability.Novelty/Values-The factors used to determine bank profitability in this study are limited to NPL, LDR, bank size, and GDP Growth Rate
THE EFFECT OF ENVIRONMENTAL, SOCIAL, GOVERNANCE (ESG) DISCLOSURE ON COMPANY’S PROFITABILITY & VALUE IN THE SRI-KEHATI INDEX 2015 - 2020
Purpose - The aim of this research is to examine the impact of environmental, social, and governance (ESG) disclosure on company profitability and value in the SRI-KEHATI index from 2015 to 2020.Design/methodology/approach - The methodology used is a quantitative technique based on secondary data. Statistical software was used to do the data analysis. The study data is derived from the Thomson Reuters ESG Database and the financial reports of seven Indonesia Stock Exchange nonfinancial firms chosen with the purposive sampling method. The research includes three independent factors (environmental score, social score, and governance score), as well as control variables (leverage) and dependent variables (profitability with return on equity as a proxy and company value with Tobin’s Q as a proxy).Findings - This research concludes that companies with good corporate governance had a beneficial effect on both dependent variables in this research. Meanwhile, the environmental score has a negative impact on return on equity and company value. In addition, the social score has a negative impact on company value and gives no effect on return on equity. Stakeholders may utilize the implications of this finding to assess the company\u27s performance.Originality/Value - The outcome of this research can be used to present a successful model for non-financial companies in Indonesia listed in the SRI-KEHATI Index to implement the role of ESG disclosure in performance. Keywords: ESG, firm value, profitability, strategic managemen
PENGARUH PELUANG PERTUMBUHAN DAN UKURAN PERUSAHAAN TERHADAP RETURN PEMEGANG SAHAM PADA PERUSAHAAN MERGER DAN AKUISISI DIBURSA EFEK INDONESIA: PENGARUH PELUANG PERTUMBUHAN DAN UKURAN PERUSAHAAN TERHADAP RETURN PEMEGANG SAHAM PADA PERUSAHAAN MERGER DAN AKUISISI DIBURSA EFEK INDONESIA
Abstrak
Tujuan - Untuk mengetahui dan menganalisis pengaruh peluang pertumbuhan dan ukuran perusahaan terhadap return pemegang saham pada perusahaan yang melakukan merger dan akuisisi di Bursa Efek Indonesia.
Metodologi Penelitian – Metode penelitian yang digunakan dalam penelitian ini adalah purposive sampling dengan jumlah sampel sebanyak 105 perusahaan. Metode analisis yang digunakan dalam penelitian ini adalah analisis regresi liner berganda dan uji asumsi klasik. Perhitungan return pada penelitian ini menggunakan metode event study untuk menghitung cumulative abnormal return (CAR) yang merupakan jumlah akumulasi dari abnormal return (AR).
Hasil Penelitian – Peluang pertumbuhan berpengaruh positif tidak signifikan terhadap return pemegang saham pada perusahaan merger dan akuisisi yang terdaftar di Bursa Efek Indonesia. Sedangkan, ukuran perusahaan berpengaruh negatif signifikan terhadap return pemegang saham pada perusahaan Merger dan akuisisi yang terdaftar di Bursa Efek Indonesia.
Originalitas – Menggunakan return pemegang saham pada perusahaan yang melakukan M&A yang terdaftar dalam BEI sebagai variabel dependen yang dihitung menggunakan cumulative Abnormal Return (CAR).
Abstract
The aims of this research to find out and analyze the effect of growth opportunity and firm size to shareholders return in merger and acquisition firm on the Indonesia Stock Exchange (IDX).
Research methodology – The method used in this research is purposive sampling with a total sample of 105 companies. The analytical method used in this research is multiple linear regression analysis and classical assumption test. The return calculation in this study uses the event study method to calculate the cumulative abnormal return (CAR) which is the accumulated amount of abnormal return (AR).
Findings – Growth opportunity have positive no significant effect on shareholders return in merger and acquisition firm listed on the Indonesia Stock Exchange (IDX). The firm size has a negative significant negative effect on shareholders return in merger and acquisition firm listed on the Indonesia Stock Exchange (IDX).
Originality - using the return of shareholders on merger and acquisition firm listed on the Indonesia Stock Exchange (IDX) as the dependent variable which is calculated using the cumulative abnormal return (CAR)
DETERMINAN DAYA SAING DESTINASI UNTUK MEWUJUDKAN PEMASARAN PARIWISATA BERKELANJUTAN PADA OBYEK WISATA SEJARAH DI KOTA SEMARANG
Abstrak
Tujuan - Tujuan penelitian ini memberikan kontribusi terbentuknya rumusan daya saing destinasi untuk mewujudkan paradigma baru pemasaran pariwisata, sehingga diharapkan akan muncul konsep pemasaran pariwisata berkelanjutan
Desain/Metodologi/Pendekatan - Variabel yang diuji untuk membangun Daya Saing Destinasi pada obyek Wisata Sejarah di kota Semarang adalah Atraksi Wisata, Kualitas Kawasan Wisata dan Destination Image. Daya Saing Destinasi diharapkan mampu memediasi pengaruh Destination Image pada Pemasaran Pariwisata Berkelanjutan
Populasi adalah semua pengunjung obyek wisata Sejarah di kota Semarang, sedangkan sampel ditentukan sebesar 150, responden ditentukan dengan menggunakan teknik Cluster Sampling. Alat analisis yang dipergunakan adalah Structural Equation Medelling (SEM) dengan aplikasi program Partial Least Square (PLS) yaitu smartPLS.3.0
Hasil Penelitian - Hasil pengujian hipotesis menunjukkan bahwa Daya Saing Destinasi dapat dimanifestasikan melalui pengelolaan Atraksi Wisata, Kualitas Kawasan Wisata dan Destination Image yang optimal. Pemasaran Pariwisata Berkelanjutan pada Obyek Wisata Sejarah di Kota Semarang dapat diaplikasikan melalui Daya Saing Destinasi. Destination Image secara langsung tidak signifikan mempengaruhi Pemasaran Pariwisata Berkelanjutan. Daya Saing Destinasi mampu berfungsi sebagai perfect mediation pengaruh Destination Image pada Pemasaran Pariwisata Berkelanjutan pada Obyek Wisata Sejarah di Kota Semarang. Daya Saing Destinasi dipengaruhi Atraksi Wisata, Kualitas Kawasan Wisata dan Destination Image sebesar 52,793%. Nilai Q Square variabel Daya Saing Destinasi menunjukkan bahwa model memiliki predictive relevance moderate pada Atraksi Wisata, Kualitas Kawasan Wisata dan Destination Image dengan Daya Saing Destinasi Obyek Wisata Sejarah di Kota Semarang karena nilai yang dihasikan sebesar 0.2787 (>0). Pemasaran Pariwisata Berkelanjutan dipengaruhi Destination Image Obyek Wisata di Kota Semarang sebesar 40,068%. Nilai Q Square variabel Daya Saing Destinasi menunjukkan bahwa model memiliki predictive relevance moderate pada Daya Saing Destinasi Obyek Wisata Sejarah di Kota Semarang karena nilai yang dihasikan sebesar 0,1605 (>0 )
Keterbaruan/Nilai - Rumusan pemasaran pariwisata berkelanjutan pada obyek wisata sejarah di kota Semarang
Abstract
Objectives - The purpose of this research is to contribute to the formulation of destination competitiveness to realize a new paradigm of tourism marketing, so that it is hoped that the concept of sustainable tourism marketing will emerge.
Design/Methodology/Approach - The variables tested to build Destination Competitiveness on historical tourism objects in Semarang are tourist attractions, quality of tourist areas and destination images. Destination Competitiveness is expected to be able to mediate the influence of Destination Image on Sustainable Tourism Marketing.
The population is all visitors to historical tourism objects in the city of Semarang, while the sample is determined at 150, the respondents are determined using the Cluster Sampling technique. The analytical tool used is Structural Equation Medelling (SEM) with the application of the Partial Least Square (PLS) program, namely smartPLS.3.0
Research Results - The results of hypothesis testing indicate that Destination Competitiveness can be manifested through optimal management of Tourist Attractions, Quality of Tourist Areas and Destination Image. Sustainable Tourism Marketing on Historical Tourism Objects in Semarang City can be applied through Destination Competitiveness. Destination Image directly does not significantly affect Sustainable Tourism Marketing. Destination Competitiveness is able to function as a perfect mediation of the influence of Destination Image on Sustainable Tourism Marketing on Historical Tourism Objects in Semarang City. Destination competitiveness is influenced by tourist attractions, quality of tourist areas and destination image by 52.793%. The value of Q Square of the Destination Competitiveness variable shows that the model has moderate predictive relevance in Tourist Attractions, Quality of Tourist Areas and Destination Image with Competitiveness of Historical Tourist Destinations in Semarang City because the value generated is 0.2787 (> 0). Sustainable Tourism Marketing is influenced by Destination Image of Tourism Objects in Semarang City by 40.068%. The value of Q Square of the Destination Competitiveness variable shows that the model has moderate predictive relevance on the Competitiveness of Historical Tourism Destinations in Semarang City because the value generated is 0.1605 (> 0 )
Recency/Value - The formulation of sustainable tourism marketing on historical tourism object
DETERMINAN BRAND AWARENESS TERHADAP MILLENIAL’S PURCHASE BEHAVIOUR PADA MEREK ZALORA
AbstrakTujuan - Penelitian berikut bertujuan untuk mengetahui perkembangan trend fashion di kalangan Milenial dan untuk mengetahui pengaruh Brand Awareness, Brand Consciousness, serta Brand Nationality terhadap produk ZALORA. Desain/Metodologi/Pendekatan - penelitian yang digunakan adalah survei dengan instrumen penelitian google form – dimana total sampel 114 yang merupakan pelanggan Zalora. Data yang terkumpul kemudian dianalisis menggunakan Structural Equation Model (SEM) dengan menggunakan software AMOS 23.Hasil Temuan – menunjukkan bahwa Brand Awareness, Brand Nationality, Brand Consciousness berpengaruh positif terhadap Perilaku Pembelian Milenial , Kesadaran Merek dan Perilaku Pembelian Milenial yang dimediasi oleh Kesadaran Merek sedangkan Kesadaran Merek, Kebangsaan Merek mempengaruhi positif dalam Perilaku Pembelian Milenial dan Kesadaran Merek.Nilai/Implikasi - Hasil penelitian ini mampu memberikan implikasi manajerial untuk digunakan terhadap perusahaan untuk memahami dan menambah wawasan sehingga perusahaan dapat menjadi lebih baik dari sebelumnya. Dengan mengembangkan brand awareness, brand consciousness, dan brand nationality maka akan meningkatkan millennial’s purchase behaviour AbstractPurpose - The following research aims to determine the development of fashion trends among Millennials and to determine the effect of Brand Awareness, Brand Consciousness, and Brand Nationality on ZALORA products.Design/Methodology/Approach - The research method used is a survey using the Google Form research instrument – where the total sample is 114 who had bought and used Zalora product. The collected data was then analyzed using the Structural Equation Model (SEM) using AMOS 23 software.Finding – The finding showed that Brand Awareness, Brand Nationality, Brand Consciousness have a positive effect on Millennial Buying Behavior, Brand Awareness and Millennial Buying Behavior mediated by Brand Awareness while Brand Awareness, Brand Nationality positively affect Millennial Buying Behavior and Brand Awareness.Value/Implication - The results of this study are able to provide managerial implications to be used for companies to understand and add insight so that companies can be better than before. By developing brand awareness, brand consciousness, and brand nationality, it will increase millennial\u27s purchase behavio
ANTESENDEN TRUST PADA SHIPPING INDUSTRY DI INDONESIA
Purpose - The purpose of this study was to analyze the influence of leadership (leading organizational and leading people) on terust trust and its impact on organizational performance Design/Methodology/Approach –The research design used is correlational research which aims to test and analyze the effect of the independent variable on the dependent variable. The variables used consist of leadership which consists of leading organizational and leading people, trust and organizational performance. The data used are primary data through a questionnaire distributed via google form. The number of respondents used was 195 respondents where the sampling method used purposive sampling. The analysis tool used is the Structural Equation Model (SEM) using AMOS 23 software.Finding – The results showed that leadership consisting of leading organizations and leading people had a positive effect on trust, while trsut million was proven to have a significant positive effect on organizational performance.Value / Implication - The results of the study have managerial implications for decision makers in companies that leadership, especially the leader\u27s ability to leading employees, must receive a larger portion compared to the ability to leading the organization as an effort to improve organizational l performance
DETERMINAN PRICE EARNING RATIO PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA
ABSTRACT Purpose – This study aims to determine the factors that affect the P/E ratio. Price Earning Ratio (P/E Ratio) is an indicator in assessing the performance of a company. A company that has a high P/E ratio means that it has high growth prospects.Design/Methodology/Approach – The sample used in this study is manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2015 to 2019. The independent variables used are dividend growth, dividend payout ratio, dividend yield, earnings growth, leverage ratio, net. asset value per share, return on assets, return on equity, size, and Tobin\u27s Q. The dependent variable in this study is the P/E ratio. The number of samples used was 30 manufacturing companies taken using purposive sampling method. By using multiple regression analysis with the General Least Square (GLS) approach method.Finding – The results of this study indicate dividend payout ratio,dividend yield, earnings growth, return on assets, return on equit, size and Tobin\u27s Q have an effect on P/E ratio. Dividend growth, leverage and net asset value per share have no effect on P/E ratio. The results of this study are expected to be used by future researchers, company managers and investors in determining the factors that can affect the P/E ratio in manufacturing companies. ABSTRAK Tujuan - Penelitian ini bertujuan untuk mengetahui faktor-faktor yang mempengaruhi P/E ratio. Price Earning Ratio (P/E Ratio) merupakan salah satu indikator dalam menilai kinerja suatu perusahaan. Perusahaan yang memiliki P/E ratio yang tinggi berarti memiliki prospek pertumbuhan yang tinggi pulaDesain/Metodologi/Pendekatan - Sampel yang digunakan dalam penelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) dari tahun 2015 sampai dengan 2019. Variabel bebas yang digunakan adalah pertumbuhan dividen, dividend payout ratio, dividend yield, pertumbuhan laba, rasio leverage, net. nilai aset per saham, return on assets, return on equity, size, dan Tobin\u27s Q. Variabel terikat dalam penelitian ini adalah P/E ratio. Jumlah sampel yang digunakan adalah 30 perusahaan manufaktur yang diambil dengan menggunakan metode purposive sampling. Dengan menggunakan analisis regresi berganda dengan metode pendekatan General Least Square (GLS).Temuan – Hasil penelitian ini menunjukkan bahwa pertumbuhan dividen, dividend payout ratio, nilai aset bersih per saham, return on assets, return on equity, dan Tobin\u27s Q berpengaruh terhadap P/E ratio. Dividen yield, pertumbuhan laba, leverage dan size tidak berpengaruh terhadap P/E ratio. Hasil penelitian ini diharapkan dapat digunakan oleh peneliti selanjutnya, manajer perusahaan dan investor dalam menentukan faktor-faktor yang dapat mempengaruhi rasio P/E pada perusahaan manufaktur
ANALISIS RASIO KEUANGAN DALAM MEMPREDIKSI PERUBAHAN LABA PADA BANK-BANK DI INDONESIA
Financial ratio\u27s information that come from oompanys financial report usually. Used to evalu-ate company\u27s performance, but if that information used for the prediction of company\u27s profit is very rare to explore this time. The objective of this research is to examine that kind of things and from empiric invention there are some financial ratio that can be used for the prediction of the profit changes in the some in Indonesia like Quick ratio, Gross Yield to Total Asset, Net Income to Total Asset, Leverage Multiplier and Deposit Risk Ratio.Even though the using of this financial ratio can\u27t predict the whole future in comp in Indonesia. This can be happened be cause the lack of data that provide from the research subject and unharmonious from the bank financial report
KEBIJAKAN STRUKTUR MODAL DAN KINERJA PERUSAHAAN PROPERTI DAN REAL ESTATE INDONESIA
Abstrak Tujuan: Penelitian ini bertujuan untuk menguji pengaruh struktur modal terhadap kinerja perusahaan property dan real estate yang terdaftar di Bursa Efek IndonesiaDesain/Metodologi/Pendekatan Data yang digunakan adalah data dari perusahaan property dan real estate yang terdaftar di Bursa Efek Indonesia selama tahun 2011-2018 untuk mengukur rasio hutang (leverage), dan kinerja berbasis akuntansi (ROA dan ROE) dan kinerja berbasis pasar (Tobin’s Q). Regresi data panel digunakan untuk mengetahui pengaruh struktur modal terhadap kinerja perusahaan.Hasil Penelitian: Struktur modal berpengaruh negatif terhadap ROA dan berpengaruh positif terhadap Tobin’s Q. Tidak ditemukan adanya pengaruh struktur modal terhadap ROE.Keterbaruan/Nilai: Penelitian ini tidak hanya menggunakan kinerja berbasis akuntansi (ROA dan ROE) tetapi juga menggunakan pengukuran kinerja berbasis pasar (Tobin’s Q).Abstract Propose This study aims to examine the effect of capital structure on the performance of property and real estate companies listed on the Indonesia Stock ExchangeDesign/Methodology/Approach The data used is data from property and real estate companies listed on the Indonesia Stock Exchange during 2011-2018 to measure debt ratios (leverage), and accounting-based performance (ROA and ROE) and market-based performance (Tobin\u27s Q) Panel data regression is used to determine the effect of capital structure on company performanceHasil Penelitian The capital structure has a negative effect on ROA and has a positive effect on Tobin\u27s Q. No effect of capital structure was found on ROEKeterbaruan/Nilai This research not only uses accounting-based performance (ROA and ROE) but also uses market-based performance measurement (Tobin\u27s Q)
PENGARUH SELF CONGRUITY DAN PERCEIVED CONGRUENCE TERHADAP BRAND EQUITY DAN KONSEKUENSINYA
AbstrakTujuan - Penelitian ini bertujuan untuk menganalisis pengaruh self-congruity dan perceived congruence terhadap brand equity dan konsekuensinyaDesain/Metodologi/Pendekatan - Metode pengumpulan data dilakukan dengan penyebaran kuesioner secara online. Jumlah responden yang dianalisa adalah 180 responden. Pengujian dilakukan dengan menggunakan SEMHasil Penelitian - . Hasil penelitian ditemukan bahwa self-congruity tidak berpengaruh langsung terhadap brand equity namun akan berpengaruh positif jika ditambahkan variabel brand identification sebagai variabel intervening / mediasi. Perceived congcruence berpengaruh secara langsung dan positif terhadap brand equity. Brand credibility tidak memediasi pengaruh perceived congruence terhadap brand equity.Keterbaruan/Nilai - , konsekuensi yang ditimbulkan oleh brand equity hanya brand preference bukan purchase intention. Untuk penelitian selanjutnya disarankan untuk meneliti merek produk yang lain atau merek jasa dan menambahkan variabel satisfaction dan trust. AbstractPurpose - This research aims to analyze the the effects of self-congruity and perceived congruence towards brand equity and its consequences.Design/Methodology/Approach - Online questionnaires are distributed and 180 respondents are collected. Structural Equation Model (SEM) is used for hypothesis testing.Finding - The results found that self-congruity is not directly affecting brand equity; it must be mediate by brand identifications. Perceived congruence is directly affecting brand equity, brand credibility is not a mediating variable. The consequence of brand equity is brand preference not brand purchase intentions. For further researchOrganization/nilai - The consequence of brand equity is brand preference not brand purchase intentions. For further research, it is advised to do more research on other products’ brand or services and add variables such as satisfaction and trus