KARYA DOSEN Fakultas Ekonomi UM
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Pengaruh Beberapa Kinerja Keuangan Terhadap Harga Saham Perusahaan
No full textInvestment policies represents investors' reaction to firms' performance. Beaver (1968), Ball and Brown (1968), Morse (1981), Bamber (1987), Houlthausen and Verrechia (1990), Cready and Mynatt (1991), and Penman (1992) have found that investment policy set by investor is significantly influenced by financial performance information. The relevance of financial performance information on investement decision making has been proved by Beaver (1968), Beaver and French (1970), Machfoedz (1994), Cheon (1995), Mardiyah dan Indriyantoro (2001). They found that dividend payout, leverage, and earning signifincantly reflect firms' performance so that such variables can be significantly as a basis for investment decision making. It is indicated in the Bird in Hand Theory by Gordon and Litner (1979) and Battacharya (1979), that high dividend is more preferable to investors. Dividend Signaling Theory by Miller and Rock (1985) and Bernesh (1983) is also indicates that there is a reciprocal relationship between dividend and investment policy. In essence, dividend is an investment redistribution to stockholders. Accordingly, dividend has basically the same meaning with earning per share as well as dividend yield.To address the research problems, this research has proposed 17 hypotheses to be examined. Financial statement data were used in this research to collected mainly from Jakarta Stock Eaxchage Directory with sample period of 1999 to 2002. Sample firms were drawn using a stratified proportional random sampling. Sampling stratification was based on stock liquidity as indicated by those included in LQ45. Sample size obtained proportionally consisted of 192 firms including those 84 were ever recruited and those 108 were never recruited into LQ45. Six out of 192 sample firms were found not to fit the sampling requirement and that such firms were dropped from research sample. This procedure resulted in the final sample size of 186 firms.The findings of this research indicate some important theoretical and practical implications including: (1) firm managers need to be more profersional in improving operating capital and firm's performance; (2) investors are suggested to include all independent variables addressed in this research in making decision on stock trading volume and price; (3) academicians are suggested not to asume that finacial management theories are not totally hold to our context where this research was conducted, they seem to need adjustment to some fundamental aspects such as social, economic, culture, and politic. Finally, the findings of this research are also a meaningful basis for futher research in related areas in financial and capital market.Keywords: Capital Market, Financial Performance, Stock Pric
Beberapa Faktor Yang Mcmpengaruhi Keputusan Lulusan SMK/SMK Memilih Studi Lanjut Pada Fakultas Ekonomi Universitas Negeri Malang
No full textKualitas lulusan juga dipengaruhi o!eh kualitas calon mahasiswanya (input) karcnanya strategi pcmasaran dalam rangka mcnjaring para lulusan SMA/SMK perlu dilakukan dan memahami perilaku serta karakteristik sasaran strategi pemasaran menjadi penting. Penelitian ini bertujuan untuk mengeklorasi guna mengetahui beberapa faktor yang mempengaruhi keputusan lulusan SMA/SMK studi lanjut pada fakultas ekonomi Universitasn Negeri Malang (UM). Yang menjadi responden dalam penelitian ini adalah sebanyak 100 mahasiswa baru dari berbagai jurusan dan program studi yang ada pada Fakultas Ekonomi yang diambil secara proporsional. Instrumen yang digunakan dalam menggali data adalah daftar questioner yang disusun tertutup dengan model bedaan semantik bipolar, adapun alat statistik yang digunakan mengolah data adalah analisis faktor eksploratory. Dari 20 variabel yang semula akan diuji anaiisis faktor dan setelah melalui proses akurasi datanya terdapat 16 variabel yang memenuhi kecukupan untuk diolah selanjutnya. Dan temuan penelitian menunjukkan bahwa terdapat 5 faktor utama yang mempengaruhi keputusan lulusan dalam memilih tempat studi lanjut di FE UM yakni (1) Faklor Produk jasa, (2) Faktor Fisik bangunan dan lingkungan kampus, (3) Faktor Pengaruh Orang lain, (4) Faktor Hargadiri.Prestise dan (5) Faktor Harga Jasa. Saran yang dikemukakan adalah pentingnya promosi lembaga yang tidak hanya kepada calon mahasiswa potensial tetapi juga kepada para anggota keluarga lainnya yang ternyata bcrpengaruh terhadap keputusan memilih tempat studi lanjut, termasuk perlunya pengembangan program studi serta pentaan lingkungan fisik yang menarik.Kata-kata Kunci: Beberapa faktor, Lulusan SMA/SMK Memilih Studi Lanju
Perspektif untuk Berubah,Nilai-Nilai Motivasional Kewirausahaan dan Pengaruhnya terhadap Orientasi dalam Pengembangan Karir
No full textNowadays, there are climate and values changes on competitiveness of employability and on openness of flexibility of career management system. These provide opportunities and challenges for individual to updating and improving their work capabilities to fulfill the needs of working worlds. This in turn be expected will guarantee their career development. The aim of this research is to investigate the simultaneous and partial effects of perspective to change and entrepreneurship motivational values variables on career development orientation. By using expost facto design and proportion estimation sampling technique on 5% alpha, the data was obtained from 33 respondents through questionnaires. The population was employees came from spread out Indonesia who studied at the Faculty of Economics, State University of Malang. The result found that simultaneously there is significant effect of independent variables to dependent up to 58%. Separately, there is significant effect of entrepreneurship motivational values on career development orientation up to 33%. Key words: perspective to change, motivational values, entrepreneurship, and career development
Informasi Akuntansi dalam Pasar Sekuritas yang Efisien
No full textSecurity market is part of financial market, commonly called capital market. Security market trades long-term financial instruments, such as bonds and stocks. In the security market, accounting or financial information has an important role either partial or integral that stimulates investors in investment decision making, then in turn influence security market reaction. This reaction can be seen from the changing of security price and volume traded. Accounting information that persuades security market reaction regularly is called useful information. This information is able to assist users in decision making. To meet the requirements, the information has to have characteristics such as comparable, relevant, reliable, and material. The market that react the information quickly is called efficient security market. Unfortunately, this efficient market frequently is affected by morale hazard and asymmetrical information. To avoid this problem, the information provided in security market should be useful and understood easily. Two contradictory security characteristics are possible to happen in investment decision making, that is to say as risky and non-risky securities. Repayment for non-risky security can be determined, and this includes investment in bonds and treasury stocks. The problems are able to happen in risky investment decision making in which its repayment cannot be determined. Markowitz proposes the use of portfolios as a mode to solve problems of these risky investments. These portfolios consist of bunch of diversified securities, either risky or non-risky. According to theory, a profitable portfolio is able to provide a certain amount of repayment compare to a little risk. As a consequence, an investor has to have capability to select and decide among profitable portfolios.Keywords: efficient market, accounting theory, decision making, useful information
Penerapan Pembelajaran Kooperatif Model Numbered Head Together (NHT) untuk Meningkatkan Hasil Belajar Siswa pada Mata Diklat Manajemen Perkantoran Kelas X APK di SMK Ardjuna 01 Malang
No full textThe research was intended to describe the application of cooperative learning by using Numbered Head Together (NHT) method. The action research was elected as a research design. The subjects were Lhe tenth-grade students at vocational high school of Ardjuna 01, Malang. The result showed that: (1) NHT was effective to increase the student achievement; the average of achievement test score increase from 42,27 (first cycle) to 70,45 (second cycle), and (2) the students gave positive response to NHT. Further researches were recommended to verified the cooperative learning (wider than NHT) at vocational high school.Keywords: cooperative learning. Numbered Head Together, student achievemen
EFEKTIVITAS PEMBERDAYAAN MASYARAKAT PEDAGANG SAYUR KELILING “ETHEK” DENGAN STIMULUS KREDIT USAHA BUMDES DI KECAMATAN PAKEL KABUPATEN TULUNGAGUNG PROPINSI JAWA TIMUR
No full textEthek is around vegetables retail that are needed by house wife at the village in Tulungagung, East Java. Such another entrepreneur, Ethek also needs professional business management to achieve their purpose. Utami Makmur BUMDES in Pakel village has 106 members and Etheks are part of it. To develop their business, Etheks use credit from Utami Makmur BUMDES. The general purpose of this research is to know the effective of Ethek's forceful with stimulus credit of BUMDES. Results of this research showed that Ethek's problem in develop their business are financial and marketing management subject. That's a while the characteristic of Ethek in Pakel village is society who has high desire to change but they have no power to realize their change. The solution to forceful this society's type is give them education and training, skills, guidance, modals, etc. The models that would be implemented forEthek's forceful in Pakel are education, training and guidance about small business management. The success of this program will be measured by changing of behavior, developing of creativity, sales and profit. After finishing this program can be known that the forceful model with education, training and guidance is effective to solve the Ethek's problem. Because over 50% Ethek have changed their behavior and developed their creativity, also their sales and profit. Keywords: the forceful of Ethek, credit of BUMDES
Pengaruh Kualitas Layanan Perbankan Terhadap Kepuasan Nasabah
No full textKetatnya iklim persaingan pada dunia bisnis dewasa ini mengharuskan para pelaku bisnis memperhatikan keinginan konsumen yang cepat berubah. Dalam perspektifnya, konsumen cenderung memperhatikan nilai-nilai kepuasan yang dirasakannya. Sebagai konsekuensinya, setiap usaha penyedia layanan jasa juga perlu memperhatikan kualitas layanan yang diberikan sehingga mampu memenuhi tuntutan konsumen. Penelitian dilakukan pada P.T. Bank Mandiri Ritel Cabang Surabaya Jl. Kusuma Bangsa. Tujuan penelitian adalah ingin mengetahui pengaruh kualitas layanan jasa terhadap kepuasan nasabah. Dengan mempergunakan sampling acak sederhana, penelitian berhasil menjaring 100 responden. Hasil penelitian membuktikan bahwa secara signifikan kualitas layanan jasa berpengaruh terhadap kepuasan konsumen.Kata-kata kunci: kualitas layanan jasa, kepuasan nasabah, perbanka
Pengaruh Variabel Hubungan Atasan-Bawahan terhadap Kepuasan Kerja dan Komitmen Organisasional
No full textLeader-Member Exchange (LMX) refers to closeness of social relationships between super ordinates and its subordinates. In organizational context, it is considered as fundamental aspect to create cohesive interaction among organization members, and it is also intended to develop individual satisfaction, trust and loyalty to organization. Moreover, this will result high performing achievement of responsibilities attached to each individual. This survey research was conducted at high school economics teachers at three cities in East Java (Surabaya, Malang, and Jember). Structural equation modeling was employed to analyze variables investigated. Research findings revealed that LMX has significant direct effect to job satisfaction, and then job satisfaction has significant direct effect to organizational commitment, and finally LMX has significant indirect effect to organizational commitment. Keywords:Leader-Member Exchange, Job Satisfaction, Organizational Commitment, economics teachers, high school
Pengembangan Karir Tenaga Kependidikan: (Analisis Perbedaan Gender dan Pengaruh Perspektif untuk Berubah)
No full textWithin the school context, educational professional career development is related to cope teachers' capability with changing situation. The outcome of professional development is not only affecting to teachers' career but also the quality of learning as a result of learning process conducted by qualified teachers. Gender desegregation is still an actual issue to search and perspective to change as well. This research is intended to figure out in which are there gender-based differences for the variables investigated in terms of professional career development for teachers. Moreover, it is also intended to look forme impact of perspective to change as predictor of staff development issues, agreeableness of career development areas, and school-higher education collaboration as criterion variables. By using ex-post facto design and survey technique, this research used 75 respondents from four junior high schools taken by using multistage sampling technique. Research findings reveal that there are no differences between men and women, and it is also proved that perspective to change contributes significantly to criterion variables. Key words: educational career development, gender, perspective to change
Kolaborasi antara Sekolah dan Perguruan Tinggi Dalam Peningkatan Profesionalisme Guru
No full textSekolah-sekolah pengembangan profesional merupakan suatu model hubungan antara sekolah dan perguruan tinggi, yakni suatu kolaborasi profesional untuk meningkatkan kualitas program pendidikan. Model hubungan ini akan memperkuat upaya peningkatan profesional guru dan pengembangan kependidikan. Kata-kata kunci: kolaborasi, profesionalita