Articles

Pengaruh Suku Bunga Deposito, Sbi, Kurs Dan Inflasi Terhadap Harga Saham Perusahaan Real Estate Dan Property Di Bei Efni, Yulia
Jurnal Ekonomi Vol 17, No 01 (2009)
Publisher : Jurnal Ekonomi

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Tujuan penelitian ini adalah untuk menganalis pengaruh suku bunga deposito, SBI, Kurs dan inflasiterhadap harga saham perusahaan real estate dan property di BEI. Teknik analisis yang digunakanadalah analisis regresi linier berganda.Berdasarkan hasil penelitian dapat disimpulkan bahwa variabel suku deposito, SBI, kurs dan inflasisecara simultan mempunyai pengaruh terhadap harga saham sedangkan secara parsial adalah sukubunga deposito dan inflasi mempunyai pengaru yang signifikanterhadap harga saham dan kurs tidakmempunyai pengaruh yang signifikan terhadap harga saham. Sedangkan variable SBI mempunyaipengaruh yang signifikan secara parsial terhadap harga saham dengan memasukkan variable SBImaka terjadi multikolinieritas karena mempunyai kolinieritas yang tinggi dengan Tingkat suku BungaDeposito.
Analisis Kebijakan Pendanaan, Kepemilikan Manajerial Dan Aliran Kas Bebas Terhadap Kebijakan Dividen Pada Perusahaan Non Manufaktur Yang Terdaftar Di Bursa Efek Indonesia ( BEI ) Efni, Yulia
Jurnal Ekonomi Vol 19, No 01 (2011)
Publisher : Jurnal Ekonomi

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Penelitian ini bertujuan menganalisis kebijakan pendanaan, kepemilikan manajerial dan aliran kasterhadap penentuan kebijakan deviden pada perusahaan Non Manufaktur . Berdasarkan hasil regresilinear berganda dan pengujian hipotesis maka secara simultan kebijakan pendanaan, kepemilikanmanajerial dan alirankan bebas mempunyai kontribusi secara bersama terhadap penetapan kebijakandeviden. Secara parsial variable kepemilikan manajerial mempunyai pengaruh yang paling signifikandalam penentuan kebijakan deviden, sedangkan kebijakan pendanaan ( hutang) juga signifikanterhadap kebijakan deviden dan alirankas bebas tidak mempunyai pengaruh yang signifikan.
ANALISA DAMPAK PENGUMUMAN RIGHT ISSUE TERHADAP ABNORMAL RETURN, LIKUIDITAS SAHAM DAN REAKSI PASAR PADA PERUSAHAAN YANG ISSUER DI BURSA EFEK INDONESIA PERIODE 2007 – 2008 Efni, Yulia
PEKBIS ( Jurnal Pendidikan Ekonomi Dan Bisnis ) Vol 2, No 03 (2010)
Publisher : PEKBIS ( Jurnal Pendidikan Ekonomi Dan Bisnis )

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Penelitian ini dimaksudkan untuk mengetahui seberapa besar dampakpengumuman right issue terhadap abnormal return, likuiditas saham dan reaksipasar pada perusahaan yang issuer di bursa efek indonesia periode 2007 - 2008.Sebagai variabel dependen (terikat) adalah abnormal return, likuiditas saham danreaksi pasar, sedangkan variabel independen (bebas) yang digunakan adalahabnormal return dan trade volume activity (TVA). Periode yang digunakan dalampenelitian ini adalah dari tahun 2007 sampai dengan tahun 2008, dengan sampelsebanyak 22 perusahaan issuer yang terdaftar di Bursa Efek Indonesia (BEI),sedangkan metode pengambilan sampel adalah metode purposive sampling.Metode analisa data yang digunakan adalah analisis uji beda sign test two relatedsample (non parametrik) dengan menggunakan bantuan program SPSS versi 16.Berdasar hasil uji sign test diperoleh kesimpulan bahwa right issue tidakberpengaruh terhadap abnormal return saham sebelum dan sesudah right issue,maupun terhadap likuiditas saham sebelum dan sesudah right issue. Tetapi rightissue berpengaruh secara signifikan terhadap reaksi pasar sebelum dan sesudahright issue.
PENGARUH PENDIDIKAN DAN PELATIHAN, KOMPETENSI TERHADAP KINERJA KARYAWAN PT. BANK RIAU KEPRI KANTOR PUSAT PEKANBARU Hendriani, Susi; Efni, Yulia; Fitriani, Arika
PEKBIS ( Jurnal Pendidikan Ekonomi Dan Bisnis ) Vol 5, No 2 (2013)
Publisher : PEKBIS ( Jurnal Pendidikan Ekonomi Dan Bisnis )

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The purpose of the study was to analyze the effect of education and training towardperformance, the effect of competence toward performance, and the effect ofeducation and training toward competence, and the effect of education and trainingtoward performance which is mediated by competence. This research wasconducted at PT Bank Riau Kepri Cabang Kantor Pusat Pekanbaru with 65 officersas the samples of the research. Path Analysis was used to analyze the researchdata. The research results showed that (1) Education and training variableinfluences significantly 0.379 toward performance, (2) Competence variableinfluences significantly 0.385 toward performance, (3) Education and trainingvariable influences significantly 0.397 toward competence, (4). Education variableinfluences significantly 0.535 toward performance which is mediated bycompetence.Keywords: education and training, competence and performance
Pengaruh intellectual capital terhadap market value pada perusahaan telekomunikasi yang terdaftar di Bursa Efek Indonesia tahun 2006-2011 Psp, Doni Diwaf; Efni, Yulia; Wijaya, Errin Yani
Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi Vol 1, No 1 (2014): Wisuda Februari Tahun 2014
Publisher : Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi

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This study examined the effect of Intellectual Capital (IC) on financial performance. the variable is the Human Capital Efficiency (HCE), Structural Capital Efficiency (SCE) and Customer Capital Efficiency (CCE) to variable Market to Book Value (MB).The population on this research is the entire of telecommunications sector companies that have go public and listed on the Indonesia Stock Exchange (IDX) during the period of 2006-2011. The sampling technique used was a saturated sampling (census) population in which all members of the research sample. Obtained a total sample of 5 companies. The analysis technique used is multiple regression analysis with the least squares equation, hypothesis testing using the t-statistic and f-statistic with a significance level of 5%, and also performed classical assumption.The results showed that the variables of intellectual capital (human capital, structural capital and customer capital) significantly jointly (simultaneously) to the market value. While partially indicates that the variable Human Capital Efficiency (HCE) and no significant negative effect on Market Value (MB).Keywords: intellectual capital, human capital, structural capital, customer capital, market value.
PENGARUH KEPUTUSAN PENDANAAN DAN KEADAAN PASAR MODAL YANG DI MEDIASI OLEH RISIKO KEUANGAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR SEKTOR ANEKA INDUSTRI YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PERIODE 2008-2012 Nugraha, Ganda; Efni, Yulia
Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi Vol 1, No 2 (2014): wisuda oktober 2014
Publisher : Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi

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The aim of the research is to test the direct and indirect effect of financing decision and capital market condition in mediated by risk toward firm value the company manufactures a variety of industrial sectors companies listed in Indonesia Stock Exchange (IDX) period 2008-2012. The population of the research is 54 company and the variety of industry sectors into a sample of 21 companies by N of data as much as 105. The sampling method used is based purposive sampling. Data analysis using descriptive analysis and path analysis. By path analysis, some important findings are obtained that financing decisions no significant influence directly toward company value. Capital markets condition directly is significant influence toward company value. Financing decisions no significant influence directly toward Financial risk. Capital markets condition directly is significantly influence toward Financial risk. Financial risk no significant influence direct toward company value. This means indirectly the financial risk is not able to mediate the relationship between financing decisions toward company value. And financial risks are also not able to mediate the relationship between the capital markets condition toward value of company.Keywords: Financing decision, capital markets condition and company value
PENGARUH KEPUTUSAN PENDANAAN DAN KEBIJAKAN DEVIDEN YANG DIMEDIASI RESIKO KEUANGAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR SEKTOR ANEKA INDUSTRI YANG TERDAFTAR DI BURSA EFEK INDONESIA(BEI) PRIODE 2008-2012 Efni, Yulia
Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi Vol 1, No 2 (2014): wisuda oktober 2014
Publisher : Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi

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The aim of the research is to test the direct and indirect effect of financing decision and dividend policy in mediated by risk toward firm value the company manufactures a variety of industrial sectors companies listed in Indonesia Stock Exchange (IDX) period 2008-2012. The population of the research is 54 company and the variety of industry sectors into a sample of 21 companies by N of data as much as 105. The sampling method used is based purposive sampling. Data analysis using descriptive analysis and path analysis. By path analysis, some important findings are obtained that financing decisions no significant influence directly toward firm value, dividend policy did not significantly influence directy toward firm value, Financing decisions no significant influence directly toward Financial risk. dividend policy did not significantly influnce directly toward financial risk, while the financial risk significatly effects on firm value. This means indirectly the financial risk is not able to mediate the relationship between financing decisions toward firm value. This means indirectly the financial risk is not able to mediated the relationship between the dividend policy firm value.Keywords: Financing Decision,Dividend Policy, Financial Risk, the firm Value
Pengaruh Keputusan Investasi dan Keputusan Pendanaan yang Dimediasi Oleh Risiko Terhadap Nilai Perusahaan (Studi Pada Perusahaan Manufaktur Sektor Aneka Industri Periode 2008-2012) Handayani, Meitri; Efni, Yulia; Fathoni, Ahmad Fauzan
Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi Vol 1, No 2 (2014): wisuda oktober 2014
Publisher : Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi

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The purpose of this research is to examine direct and indirect effect of investment decision and financing decisionon business risk and firm value. Furthermore inderect effect on examined with testing investment decision and financing decision on firm value mediated by business risk. Purposive sampling is use to get our samples from fifty-four firms population that include in miscellaneous industry. We get twenty-one firms that used as our samples to analysis the data we use path analysis. The result show that investment decision didn’t influential toward risk, but financing decision is influentian toward risk. Investment decision didn’t influential toward firm value but financing decision is influentian toward firm value. and risk didn’t influential toward firm value. this indicates that risk varable only mediates the financing decision on firm value.Keywords: Investment Decisions, Financing Decision, Enterprise Risk and Firm Value
PENGARUH KEPUTUSAN INVESTASI DAN KEADAAN PASAR MODAL TERHADAP NILAI PERUSAHAAN YANG DIMEDIASI OLEH RISIKO PERUSAHAAN MANUFAKTUR SEKTOR ANEKA INDUSTRI YANG TERDAFTAR DI BEI PERIODE 2008-2012 Yanto, Edy; Efni, Yulia; Fathoni, Ahmad Fauzan
Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi Vol 1, No 2 (2014): wisuda oktober 2014
Publisher : Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi

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The aim of this research is to test the direct and indirect effect of investment decision and capital market condition toward firm value in mediated by risk of manufacture companies of miscellaneous industry sectors listed in Indonesian Stock Exchange period 2008-2012. The population of the research is 54 companies. The sampling technique used purposive sampling, which obtained 21 samples of firm that fitted the sample criteria by N of data as much as 105. Data analysis used descriptive analysis and path analysis. Path Analysis results, investment decision and capital market condition had a significant influence directly toward firm value. Meanwhile investment decision directly had a significant influence toward business risk while capital market condition had no significant influence toward business risk. Business risk itself had no significant influence toward firm value, it meant that business risk could not able to mediate the influence of investment decision and capital market condition toward firm value.Keywords : investment decision, capital market condition, business risk, Tobin’s Q, path analysis
Keputusan Investasi, Keputusan Pendanaan dan Kebijakan Deviden: Pengaruhnya terhadap Nilai Perusahaan (Studi pada Sektor Properti dan Real Estate di Bursa Efek Indonesia) Efni, Yulia; Hadiwijoyo, Djumilah; Salim, Ubud; Rahayu, Mintarti
Jurnal Aplikasi Manajemen Vol 10, No 1 (2012)
Publisher : Jurusan Manajemen Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18202/jam.v10i1.406

Abstract

Hasil studi empirik tentang pengaruh tiga keputusan keuangan utama yaitu keputusan investasi, keputusan pendanaan, dan kebijakan deviden terhadap nilai perusahaan belum konsisten. Ketidak konsisten hasil ditengarai ada kaitannya dengan variabel resiko sebagai mediator antara ketiga keputusan dengan nilai perusahaan; Namun penelitian secara terpadu belum ditemukan. Tujuan penelitian ini untuk: mengidentifikasi dan mengukur kontribusi pengaruh keputusan investasi, keputusan pendanaan dan kebijakan deviden yang dimediasi oleh resiko pada sektor properti dan real estat di Bursa Efek Indonesia. Dengan pendekatan analisis jalur diperoleh beberapa temuan yang penting yaitu keputusan investasi berpengaruh terhadap nilai perusahaan namun tidak berpengaruh terhadap resiko perusahaan, Keputusan pendanaan hanya berpengaruh terhadap nilai perusahaan bila keputusan pendanaan mampu menurunkan resiko perusahaan (resiko bisnis, resiko keuangan dan resiko pasar). Kebijakkan deviden tidak berpengaruh terhadap nilai perusahaan,baik secara langsung maupun melalui resiko perusahaan. Ini menunjukkan bahwa variabel resiko hanya memediasi keputusan pendanaan. Dari ketiga macam keputusan tersebut ternyata keputusan investasi memberikan kontribusi paling utama pada nilai perusahaan.Kata Kunci: keputusan investasi, keputusan pendanaan, kebijakan deviden, resiko, nilai perusahaan