1,720,967 research outputs found
ANALISIS KONERJA KEUANGAN PERUSAHAAN SEBELUM DAN SESUDAH AKUISISI : STUDI KASUS PT. TUNAS RIDEAN TBK.
No full textANALISIS FAKTOR–FAKTOR YANG MEMPENGARUHI STRUKTUR MODAL PADA PERUSAHAAN REAL ESTATE DAN PROPERTY YANG TERDAFTAR DI BEI
No full textSaat ini sudah terdapat 46 perusahaan industri property dan real estate yang terdaftar di Bursa Efek Indonesia (BEI). Hal ini berkaitan dengan perkembangan ekonomi khususnya dalam industri property dan real estate. Penelitian dilakukan untuk mengetahui dan menganalisis pengaruh variabel independen struktur aktiva, skala perusahaan, operating leverage, profitabilitas, dan likuiditas terhadap struktur modal perusahaan Real Estate dan Property. Sampel penelitian ini adalah perusahaan Real Estate dan Property yang terdaftar di BEI pada periode 2008 sampai tahun 2012, dengan menggunakan metode Purposive Sampling. Maka dari itu, diperoleh sebanyak 29 Perusahaan Real Estate dan Property dari 46 populasi yang ada. Selanjutnya, dilakukan uji asumsi klasik untuk menghasilkan penduga yang tidak bias, diantaranya melakukan uji normalitas, uji Multikolinearitas, uji Heterokedastisitas, dan uji Autokorelasi. Terakhir, data dianalisis dengan metode Regresi Linear Berganda dengan Uji F dan Uji t menggunakan program SPSS versi 16. Berdasarkan hasil analisis pada penelitian, menunjukkan secara simultan, variabel struktur aktiva, skala perusahaan, operating leverage, profitabilitas, dan likuiditas berpengaruh signifikan terhadap struktur modal dengan signifikansi 0.000 atau kurang dari 0.05. Secara parsial, variabel Struktur Aktiva (FTA) berpengaruh negatif dan signifikan terhadap struktur modal dengan koefisien regresi sebesar -0.151 dan tingkat signifikan 0.057. Variabel skala perusahaan (SIZE) berpengaruh positif dan tidak signifikan terhadap struktur modal dengan koefisien regresi sebesar 0.014 dan tingkat signifikan 0.179. Variabel Operating Leverage (DOL) berpengaruh negatif dan tidak signifikan dengan koefisien regresi sebesar -0.106 dan tingkat signifikan 0.919. Variabel Profitabilitas (NPM) berpengaruh positif dan tidak signifikan terhadap struktur modal dengan koefisien regresi sebesar 0.019 dan tingkat signifikan 0.534 dan variabel Likuiditas (CR) berpengaruh negatif dan signifikan terhadap struktur modal dengan koefisien regresi sebesar -0.024 dengan signifikansi 0.000
ANALISIS PENGARUH RASIO KEUANGAN TERHADAP PERINGKAT OBLIGASI PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA
No full textAbstract. The data used are the data of manufacture corporate bonds are listed on the Indonesia Stock Exchange (IDX) and assessed by a rating agency PEFINDO in the year 2008-2010. Variable research is Current Ratio, Debt-to-Equity ratio, Return on Assets and Firm size. In this study the sample were 38 manufacturing firms.The sampling technique is determined using targeted sampling (purposive sampling),whereas the method of analysis used double regression analysis. This research result that Return on Assets and Firm Size positive effect on bond ratings. This shows that the Return on Assets and Firm Size can affect the good and bad bond rating companies manufacturing. While the Current Ratio and Debt-to-Equity Ratio has no effect on bond ratings. This means high or low level of these variables did not affect the good and bad bond rating companies, especially manufacturing firms in Indonesia Stock Exchange
EVALUASI ATAS PENGELOLAAN BARANG BARANG MILIK NEGARA YANG BERASAL DARI DAN ADE KONSENTASI DAN DANA TUGAS PEMBANTUAN TAHUN ANGGARAN 2012
No full textThe objectiv e o f th e s tudy i s t o det er min e t he i mple ment at ion o f state p rope rty man ag e ment on deconc e ntr at ion a nd s upport fu nds of provinc i al t reasur y offices Bengkulu. Th e kind o f resea rc h is a desc ri ptive analys is , Whic h is needed t o dete rmi ne the ext ent o f implementat i on o f s tate prope rt y m anag em ent from D econce ntratio n an d Co‐Administration fun ds bas e d on t he Govern ment Re g ulation N o.6 of 2006 a n d G ove rnm ent Regulation N o. 7 of 20 08 as t h e l evel of dis c retion an d i m p lementation. I n t h i s s t udy , t h e a uth o rs c onduc t e d s e c o nda ry d at a a nal y s i s b y using fin an cial s tate ment s of workin g unit lev el a reas th at rec eive d dec o n c entratio n a nd c o‐ admin i st ratio n o f fun ds in 2012. Fu rthe rm ore, res ea rc h met h od of data c ollec tion in t his r ese arch i s using docu me nts tha t recor ds th e re quir e d da ta from t he f i nanc i al s tatem e nts. I n th is study, t he data is depic ted by th e fac t tha t th ere is, e s p e c ia lly on ed uc atio n D K /TP di str ict l ev el UAPPA/B‐W DK/TP s c ope DJ PB Of fi ce o f Be ngku lu P ro vi nc e . The res ults show that there ar e 74 unit D K /TP Le vel UAPPA/B R eg io n W DK /T P ha d against the rule, with 121 on educati on lev e l Unit UAKPA/B D K/TP after an e v aluation. The n a s man y a s 38 S KP D DK /T P l e ve l UA P PA /B r egi o n ‐ W D K / TP h ad ag athe r ule wit h 41 o n educ ation DK/TP Unit L ev el work . A ccord anc e to the provisions, as m an y as 3 6 S KP D D Kl e ve l UAP P A r e gi o n /B W D K /TP w i th 80 T as k Fo r c e s o n e duc ati on level U AKPA/B D K/TP are not appropri ate or in fri ng e the provisi ons .
THE INFLUENCE OFEQUITY OWNERSHIP TOWARDS LEVERAGE IN MANUFACTURING COMPANY LISTED AT THE INDOENSIAN STOCK EXCHANGE FOR 2005-2008
No full textThis research investigates lhe influence of ownership structure towards firms' leveragge in the magnitude of
finns' growth opportunities (high growth and low growth opportunities). According to free cash flow Itypothesis, leverage is used by rnanager as an instrument to reduce the
overinvestment. The leverage and the ownership sltacture can also be used as a control mechanism in afficting thefinancing decision. There are 24 manufacluring companies used as sample in this research. Those companies should have managerial ownership or institutional ownership
during 2005-2008 and shauld be listed in the Indonesian Stoek Exchange during that time. In the methodolog,t, hypolhesis testing is used in this research. The dnta are analyzed through multiple regression analysis using SPSS (statistical package for socisl science) for Windows Yersian
15. The variables analyzed are managerial ownership, institutional ownership, size, fixed asset, R&D expenses, growth, interest tax credit and net operating loss towards debt or leverage. Simultaneously, using F-Test, there is a significant inJluence between independent variables with
dependent variable (leverage) in high growth firms and law growth firms. Partiolly, the result shows that there is n.o causal or influence relationship between ownership structure that consists of managerial ownership and.
institutionnl ownership towards leverage at the companies with high growth opportunities and the companies with low grawtlt opportunities. In high growth firms, only variables .fixed asset and size have signficant influence towardy letterage. In loy, growth.firms, variable,s growth,
assets, and size have significant inJluence towards leverage. fixe
ANALISIS EFEKTIVITAS PENGGUNAAN MODAL KERJA DALAM UPAYA MENINGKATKAN RENTABILITAS EKONOMI(STUDI KASS PADA KOPERASI PEGAWAI NEGERI(KPN)GURU SD KABUPATEN KEPAHIANG)
No full textThis s tudy a ims to analyze the d evelopme nt of the effectiven ess of the use of workin g c apital an d th e f act ors th at i nfl uence t he e c onomic rentability of t he c oop era t ive civ i l s e rv ants ( KP N)Elementary Sc h ool Teac hers Kep ahiang R eg ency.This researc h was a des c riptive an al ysis. Th e data use d in t his study was sec on da ry dat a in th e form of fin an c ial s tatement d ata c ooperati v e civil serv ants (KPN) El e menta ry Sc h ool Teache r s Kepah i ang Rege nc y i n 20 07 to 2 01 1 whic h had been a u dite d. T h e method use d i n this s tu dy were usin g t h e ratio o f ac tivity to anal yzed th e developmen t of e ffective ness of us e of workin g c apital and th e ratio of re ntability t o analyze d the factors that affected t he ec on omi c rent ab ility. The ten denc i es of r es ul ts o btai n ed l a te r s eby usin g t he trend analys i s. T he r es ults s how that t he dev el opment of e cono mic rent ab ili ty veryeffective but progress te n ds to d ecrea se from 2007 to 2011. T h e factors th at cause th e decline of economic r entability are operatin g ass et turnover an d profi t ma rgi ns d ec l i ne. D ecr e as e i n ope rating as set turn over due to dec rease of t he e ffectiven es s o f t h e us e of w o rki n g c ap i t acash tur nover an d acc o unts r ec eiv abl e tu rnove r . W he re too much idle c ash that c a n not b e optimize. While the factors th at c a u se a dec reas e i n p rofit m ar gi n is t h e i nc re as e i n e xp e ngre at e r th an th e i nc r e as e o f i nc om e . T h e do mi n ant f ac to r c au s e an i nc re as e in e xp e nse i s th e cos t of loan i nte rest t o th e outs iders . For futu re resea rc h are advisable t o dev e lop the scope of the res e arch area and furth e r en ric h the l iterat ure refe rs t o t h e s tan d ar d m e as u re me nt of economic rentability. the e ffective nes s of the use of working capit al, the e conomi c re nta bility , p rofit
ANALISA KINERJA KEUANGAN PERUSAHAAN JASA KONSTRUKSIDI BURSA EFFEK JAKARTA
No full textThe pu rp ose of t his study we re t o: 1) investigate th e de velop me nt p osition of financial c ompany from l iquidit y, ac tivi t y, levera ge , an d pro fitabil ity aspect h e lpful into p rac t ical with inv estor t o mak e t h e i r f or mul a s t r at e gy . 2) a nal y ze t h e c om p ari s o n o f fi nanc i al p e rfo rmanc e c o n s t ruc t i on c om pan y wi t h t h e a v e ra ge f ro m i nd us try . I n th i s s tudy dat a c o ul d be a c q u ai r e f ro m th e v aof fin anci al, such as the liquid ity rati o, l av erage, activity rat i o, a nd p ro f i tability rat i o, tha n c om pa ri s on t h e r ati o f ro m o ne p e ri o de w i th th e ot h e rs p e ri o de , a n d c o m p ari s o n t h e c omp arat i o with t he i n dustr y ave r ag e. F ro m the g rapi c we get ab o ut t he de v elopme nt o f fi na ncial p e rfo rm anc e s ome c omp a ny, fro m t h e o ne p e ri o de t o t h e ne xt p e riod e, a nd c omp a ri s on wi th t h eave r ag e o f i n dus t ry . F ro m t h e r e s ul t of th e dat a a nal yi s i t c oul d be m ade conclusion as fo llows: 1) l iq uidity rati o of the constructio n c ompany i s fluctuatif , it i s cau sed especially f rom the c h ang e o f e a rni n gs , th e c ons ump ti o n of t h e l i a bi l i ti e s , a n d t h e c ons umption of cu rrent ass et fo r tools exp e ns e and in vestment. 2) th e leverag e ratio o f the con s truction companie s duri ng 20 07 –2 00 8 wer e dec re a s ing, i t is c ause d f ro m the i nc re as e of th e li abilities, p ay ment of liabilities e xpire d, a nd t he c o nsumption o f cu rre nt asset f or t oo ls e xpe nse, as fo r 20 08‐ 201 0 it has signi fic ant inc reas e especially c a used f rom a c hieve ment of ea rni ngs ove r t h e t a rget. 3) Workin g c ap ital tu rn o ve r r at io o r equity h as de c rease at J as a M arga i n 20 09 , wh er eabouts equity h as d ecreas e acute, i t is c a use d of the d ec re ase c u rren t ass et and t he i nc reas e of th e current liabi l ities c onsumption for i nvesment t o the roa d p r oje c t. 4) r e t urn o n e qui t y at 2until 2010 is fuktuat if, but the result was not s ignificant , it wa s b e t we e n 1 % t h e d e vi at i onfor the Adhi K arya an d Total B an gu n Pe rsa da a t 2008‐2009 has in cr eas e to 7‐8 % , i t we re caused fr o m the i ncrease of earnings , an d th e in ve stor h as got e n th e pr ofit u ntil 22 % .
ANALISIS HUBUNGAN K HUBUNGAN DINAMIS A ANALISIS HUBUNGAN KOINTEGRASI DAN KAUSALITAS SERTA HUBUNGAN DINAMIS ANTARA SHANGHAI COMPOSITE INDEX (SHCOMP) CHINA DAN INDEKS HARGA SAHAM GABUNGAN (IHSG INDEX (SHCOMP) CHINA DAN INDEKS HARGA SAHAM GABUNGAN (IHSG) INDONESIA
No full textSudah banyak penelitian yang mengkaji hubungan kointegrasi antara beberapa penggunaan Bursa efek maupun indeks. Sebagai contoh, beberapa penelitian menguji hubungan kointegrasi antara DJI terhadap IHSG, AMEX terhadap IDX dan lain sebagainya. Sejalan dengan penelitian yang telah dilakukan, hampir sebagian besar ataupun indeks yang diuji hubungan kointegrasinya adalah indeks atau bursa yang
berlokasi di daerah yang berbeda jauh karakteristik pasar ataupun industrinya. Seperti ketika peneliti membandingkan bursa efek China dengan bursa efek Indonesia, kedua
bursa ini cenderung sangat berbeda, di mana bursa efek China sudah memainkan instrumen derivasi yang lebih canggih dibandingkan buresa efek di Indonesia.Pengujian terhadap hubungan kointegrasi masih cukup menarik dilakukan,
terutama bila diterapkan pada bursa efek dengan pasar yang masih berkembang. Dengan demikian dapat diidentifikasi bagaimana hubungan yang terjadi. Dalam penelitian ini,
bursa saham atau indeks yang diuji hubungan koiintegrasinya adalah antara bursa efek China yang diwakili oleh Shanghai Composite Index (SHCOMP) dan bursa efek Indonesia yang diwakili oleh Indeks Harga Saham Gabungan (IHSG).
Penelitian ini dilakukan dengan menggunakan data bulanan yang diperoleh dari website Bursa Efek Indonesia dan website Bursa efek China. Agar dapat melihat hubungan jangka panjang yang terjadi di antara kedua jenis bursa, maka data yang digunakan adalah data time series dengan periode pengamatan dari tahun 2008 sampai dengan 2012.
Tahapan pengujian diawali dengan melakukan uji akar unit (unit root test), yaitu untuk melihat apakah data stasioner atau sebaliknya, data non stasioner. Setelah itu,
dilakukan pengujian lag untuk mencari lag optimal yang dapat menjelaskan hubungan yang terjadi di antara kedua jenis bursa. Lebih lanjut, pengujian sebab akibat dua arah
juga dilakukan dengan menggunakan Granger causality test. Setelah dipastikan estimasi VAR akan dilakukan dengan menggunakan bentuk differensi atau VECM, maka dilakukan pengujian selanjutnya, yaitu dengan mengestimasi hasil pengujian VAR ke dalam variance decomposition dan impulse response.Hasil penelitian menunjukkan bahwa krisis ekonomi yang terjadi di China dan diproksi oleh Shanghai Composite Index (SHCOMP) berpengaruh terhadap pergerakan Bursa Efek Indonesia yang diproksi oleh Indeks Harga Saham Gabungan (IHSG). Hal ini terjadi karena antara Indonesia dan China memiliki hubungan afiliasi perdagangan yang cukup erat, sehingga meskipun dampak yang dirasakan Indonesia tidak terlalu besar, tetapi turut memiliki andil terhadap
terkoreksinya nilai indeks saham di Indonesia pada tahun 2009. Selain itu, respon Shanghai Composite Index (SHCOMP) lebih banyak disebabkan oleh goncangan (shock) pada SHCOMP itu sendiri atau dari goncangan variabel lainnya yang
berada di luar model yang dibangun dalam penelitian ini. Sedangkan respon Indeks Harga Saham Gabungan (IHSG) hanya sedikit yang disebabkan oleh shock Shanghai Composite Index (SHCOMP)
STUDI KELAYAKAN PEMBUKAAN CABANG PT. SERUMPUN BERNAS DI PROVINSI JAMBI (KAJIAN ASPEK FINANSIAL)
No full textThis research is a descriptive research that aims to find the result of Investment analysis of Serumpun Bernas Trading Company development in Jambi Province marketing area, according to Pay Back Period (PP) Point of view, Net
Present Values (NPV), Discounted Pay Back Period (DPP), Modified Internal Rate of Return (MIRR) and Internal Rate of Return (IRR) Point of View. This research focuses on the capital source, sales projection, operational budget, cash flow, investment budget and investment analysis variables. Data obtained from the calculation of the company's financial statements from 2008 to 2012. This research
shows that Serumpun Bernas infestation is worth to be applied or not according to Pay Back Period (PP) calculation, Net Present Value (NPV), Discounted Pay Back
Period (DPP), Modified Internal Rate of Return (MIRR) and Internal Rate of Return calculation (IRR). Therefore, it is hope that helps Serumpun Bernas trading Company to take the right desitions and cosidering they investation plan
PERCEIVED ALTERNATIVES OPPORTUNITY SEBAGAI PEMODERASI PENGARUH KEPUASAN KERJA TERHADAP TURNOVER INTENTION PADA KARYAWAN CONSIGNMENT PT MATAHARI DEPARTEMENT STORE TBK. CABANG BENGKULU
Full text linkThe purpose of this study is to determine the Perceived Alternatives Opportunitiy as moderating the effect of job satisfaction on turnover intention in employee consignment in PT. Matahari Departement Store Tbk Bengkulu City. This research use quantitative approach by using primary data collected by questionnaire. The sample is consignment employees at PT. Matahari Departement Store Tbk Bengkulu City for amount 169 person taken using the sencus method. The data processing technique of this study used Statistical Package For Social Science (SPSS) software version 16.0. The analysis which is used including validity test and reliability test. The results of this study; 1) job satisfaction has a negative effect on Turnover Intention. 2) Job Satisfaction and Perceived Alternatives Opportunity affect Turnover Intention. 3) Perceived Alternatives Opportunity moderate the effect of Job Satisfaction on Turnover Intention.Keywords : Job Satisfaction, Perceived Alternatives Opportunity, TurnoverIntentio
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