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PENGARUH FAKTOR FUNDAMENTAL DAN RISIKO SISTEMATIK TERHADAP HARGA SAHAM SEKTOR PROPERTI DI BURSA EFEK INDONESIA TAHUN 2008-2012 Elsanti, Yunavita Uzzie; Lukiastuti, Fitri; Pantawis, Setyo
MAKSIMUM Vol 4, No 2 (2014): MEDIA AKUNTANSI UNIMUS
Publisher : Universitas Muhammadiyah Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26714/mki.v4i2.1349

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Investing in property is included in the invesment sector which has a hogh risk because the property is very sensitive to macroeconomic conditions. Therefore property share prices in the stock market is very volatile. Fundamental analysis and systematic risk is one step that can be used before investing especially in the property sector. For this study it was established with the aim to find  out and obtain empirical avidence about the fundamental and systematic risk factors that affect the stock price of the property. Fundamental factors use are NPM, ROA, ROE, EPS, DER, BVS, and Systematic Risk represented by the Beta. This study used purposive sampling to select  a sample of the population of the properties listed companies on the Stock Exchange from 2008-2012. The data analysis technique used is multiple linear regression. The results showed that the only variable that ROA has a positive influence in the share price of the property, while the variable NPM, ROE, DER, EPS, BVS, and Systematic Risk does not have an influence on the stock price of the property. Adjusted R2 value in this study was 25%.Keywords : Fundamental Factors, Systematic Risk, Stock Price
PENGARUH FAKTOR FUNDAMENTAL DAN RISIKO SISTEMATIK TERHADAP HARGA SAHAM SEKTOR PROPERTI DI BURSA EFEK INDONESIA TAHUN 2008-2012 Elsanti, Yunavita Uzzie; Lukiastuti, Fitri; Pantawis, setyo
MAKSIMUM Vol 5, No 2 (2015): MEDIA AKUNTANSI UNIMUS
Publisher : Universitas Muhammadiyah Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26714/mki.5.2.2015.%p

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ANALISIS PENGUKURAN KINERJA PADA PD. BPR BKK BANJARHARJO KABUPATEN BREBES DENGAN PENDEKATAN BALANCED SCORECARD P., Medi Tri; Lukiastuti, Fitri; Rachmansyah, Yanuar
PRESTASI Vol 10, No 2 (2012): Desember Prestasi
Publisher : PRESTASI

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (11.745 KB)

Abstract

This research was conducted at the scope of PD BPR BKK Bandarharjo, Regency of Brebes. The aims of research were: (1) to analyze organizational performance by conventional concept through CAMEL criterion dan Balanced Score Cards concept through four perspectives. (2) to analyze the difference between performance appraisal results between conventional concept and Balanced Score Card concept.The focus of research was application of Balanced Score Card concept in management performance appraisal. Population of research was financial report data from merger process since 2007 until 2010 and population of depositors was 2.946 persons at 2010 and population of employees was 42 persons. Sample of financial report was assorted from 2008 until 2010. Whereas, the number of samples of employees were 100 persons.Both primary and secondary data were used in this research. Primary data was obtained through interview to get information from the respondent and questionnaires to measure customers satisfaction level. Later, to the questionnaires, validity and reliability test were conducted. Through both test, validity and reliability criterions could be fulfilled.To measure institutional performance, conventional appraisal through CAMEL criterion and appraisal based on Balanced Score Card method were applied. CAMEL criterion including Capital, Assets Quality, Management, Earning, and Liquidity. Whereas, performance appraisal based on Balanced Score Card method including financial, customers, internal process, and growth and learning perspectives.Based on both performance appraisal methods, several conclusions formulated were:  (1) Institutional performance appraisal through conventional concept that was focused on only financial aspects just could give historical results and it could not measure non financial performance. (2) Institutional performance appraisal through  four Balanced Score Cards perspectives criterions (financial, customers, internal process, and growth and learning perspectives) showed that generally, this financial institution had been able to run the business well. (3) There was difference between performance appraisal through conventional concept and Balanced Score Cards criterions. It indicated that conventional method could measure corporate success level from financial point of view only. Whereas, Balanced Score Cards concept could give more comprehensive information because it could give performance appraisal from both dinancial and non financial aspects and being able to create new strategy in the future.Keywords: CAMEL, Balanced Score Cards, dan institutional performance
INTEGRASI MANAJEMEN STRATEJIK DAN KEWIRAUSAHAAN DALAM MENDORONG PERTUMBUHAN UKM Lukiastuti, Fitri; Rachmansyah, Yanuar
PRESTASI Vol 8, No 2 (2011): Desember Prestasi
Publisher : PRESTASI

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Abstract

Pemikiran stratejik telah menjadi suatu keharusan bagi para pengusaha (entrepreneurs) di masa persaingan global saat ini, perubahan teknologi dan meningkatnya dinamika pasar. Seperti yang telah dipaparkan dalam teksbook-teksbook terkemuka mengenai kewirausahaan/entrepreneurships, pengembangan sebuah rencana bisnis (business plan) merupakan sebuah elemen penting dalam keberhasilan usaha kewirausahaan (entrepreneurial venture). Tetapi tidak semua pengusaha (entrepreneurs) dan usaha kecil dan menengah (UKM) menyandarkan keberhasilan mereka pada rencana-rencana bisnis, karena mereka cenderung untuk melakukan perluasan, dan bukan untuk memformulasikan diri mereka, walaupun praktek-praktek formulasi rencana bisnis, perencanaan stratejik dan pengambilan keputusan sistematis dapat dianggap sebagai sebuah penentu kunci keberlangsungan dan keberhasilan UKM (Zimmerer dan Scarborouh, 1996). Namun, dalam penelitian-penelitian sebelumnya, hubungan antara perencanaan stratejik dan pertumbuhan UKM yang memasukkan berbagai elemen perencanaan stratejik belum banyak mendapat perhatian. Dalam tulisan ini, penulis mengusulkan bahwa perencanaan stratejik dapat dipertimbangkan sebagai sebuah prediktor penting bagi pertumbuhan UKM. Kata Kunci : entrepreneurial actions, strategic actions, innovation, internasionalisasi, pembelajaran organisasi, pengelolaan dan tim manajemen puncak, pertumbuhan, perencanaan stratejik, wealth.
ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI MOTIVASI MAHASISWA STIE BANK BPD JATENG UNTUK MENJADI ENTREPRENEUR Lukiastuti, Fitri; Marfuah, Ismiati
PRESTASI Vol 4, No 01 (2009): Juni PRESTASI
Publisher : PRESTASI

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ABSTRAKTujuan penelitian ini adalah untuk mengetahui seberapa besar peranan STIE Bank BPD Jateng dalam memotivasi mahasiswa menjadi entrepreneur atau wirausahawan, untuk mengetahui faktor apa yang memotivasi mahasiswa STIE Bank BPD Jateng untuk menjadi entrepreneur atau wirausahawan, untuk mengetahui seberapa besar peranannya dalam memotivasi mahasiswa menjadi entrepreneur atau wirausahawan dan untuk mengetahui apakah kurikulum kewirausahaan yang diberikan sudah sesuai atau perlu perubahan. Populasi dalam penelitian ini adalah seluruh mahasiswa STIE Bank BPD Jateng peserta mata kuliah SIM (Sistem Informasi Manajemen) angkatan 2007-2008 sebanyak 40 orang. Seluruh anggota populasi diambil sebagai sampel penelitian ini. Adapun alat analisis yang digunakan adalah Analisis Faktor. Analisis faktor adalah suatu analisa yang digunakan untuk mereduksi, meringkas dari banyak variabel ke dalam satu atau beberapa faktor, proses ini identik dengan proses penggalian faktor dari kumpulan variabel yang ada (Widayat, 2004:195).Hasil penelitian ini memperlihatkan bahwa faktor yang paling dominan memotivasi mahasiswa menjadi wirausahawan adalah faktor kesempatan, faktor kepuasan dan faktor kebebasan. Ketiga faktor itulah yang membuat mereka berkeinginan menjadi wirausahawan. Penelitian ini sangat membantu pihak perguruan tinggi dalam memberikan informasi kepada para mahasiswanya bahwa menjadi wirausahawan akan mendapatkan beberapa kesempatan, kebebasan dan kepuasan. Proses penyampaian ini harus sering dilakukan sehingga mahasiswa semakin termotivasi untuk memulai berwirausaha. Sebab banyak mahasiswa merasa takut menghadapi resiko bisnis yang mungkin muncul yang membuat mereka membatalkan rencana bisnis sejak dini. Motivasi yang semakin besar pada mahasiswa menyebabkan wadah yang disiapkan oleh pihak perguruan tinggi tidak sia-sia melainkan akan melahirkan wirausahawan muda yang handal.Kata kunci : kewirausahaan, wirausaha, motivasi, analis faktor.
Pengaruh Corporate Governance terhadap Nilai Perusahaan pada Perusahaan Perbankan yang Terdaftar di BEI Tahun 2011-2014 Meindarto, Andy; Lukiastuti, Fitri
Telaah Bisnis Vol 17, No 2 (2016): Desember 2016
Publisher : Telaah Bisnis

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Abstract This study aims to determine the effect of corporate governance on corporate value with the quality of earnings as an intervening variable. Corporate governance mechanism uses four variables managerial: ownership, institutional ownership, the proportion of independent directors and audit committee. The sample consist of 28 banking companies in 2011-2014. The research used Multiple Linear Regression Analysis to test the influence of in­dependent variables on dependent variable. Varible of earnings quality that measured by DA (Discretionary Accrual) has effect on firm value. Institutional ownership of independent board and audit committee have effect on earning quality. Other variables such managerial owner­ship and institutional ownership have no effect on earnings quality. Institutional ownership and independent board have effect on firm value, meanwhile managerial ownership and the audit committee have no effect on firm value. The value of adjusted R2 for the effect of corporate gov­ernance mechanisms on the quality of earnings was 0.170 or 17%. While the value of adjusted R2 for the effect of corporate governance mechanisms on firm value with the quality of earnings as an intervening variable was 0.311 or 31.1%.
PENGARUH ORIENTASI STRATEJIK ENTREPRENEURS TERHADAP PENINGKATAN KINERJA UKM : STUDI PADA UKM BATIK DI KABUPATEN SRAGEN. Lukiastuti, Fitri; Rachmansyah, Yanuar
Conference In Business, Accounting, And Management (CBAM) Vol 1, No 1 (2012): Conference In Business, Accounting And Management (Cbam) 2012
Publisher : Conference In Business, Accounting, And Management (CBAM)

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (622.88 KB)

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Analisis paper ini ditinjau dari karakteristik manajemen RBV (resource-based view) UKMâ?¦menurut orientasi stratejik para pemilik dan/atau para manajer UKMâ?¦dan konsekuensinya terhadap kinerja UKM dan efisiensi usaha. Tipologi strategi yang dikembangkan berasal dari tipologi Miles dan Snow, yang memiliki implikasi penting bagi pihak manajemen UKM, karena berdasarkan orientasi stratejik yang dimiliki oleh para pemilik dan/atau manajer UKM â?? defender, prospector, atau analyzer â?? perusahaan dapat lebih memfokuskan pada perluasan beberapa aspek-aspek manajemen usahanya, sepert posisi teknologikal, inovasi, disain organisasional, dan manajemen/pengelolaan sumber daya manusianya. Lebih jauh, aspek-aspek manajemen ini secara luas dapat menentukan kinerja UKM dan efisiensi usahanya. Sampel yang diambil berasal dariâ?¦..UKM diâ?¦.. Hasil yang diperoleh menunjukkan adanya korelasi yang diharapkan, mengungkapkan adanya perbedaan yang signifikan antara UKM prospector, UKM analyzer, dan UKM defender berkenaan dengan faktor-faktor utama karakteristik manajemen, dan perbedaanpengaruh setiap orientasi stratejik terhadap kinerja UKM.
ANALISIS PENGARUH KINERJA KEUANGAN, MANAJEMEN RISIKO DAN MANAJEMEN MODAL KERJA TERHADAP RETURN SAHAM Prabawa, Dwian Wahyu; Lukiastuti, Fitri
Jurnal Manajemen Indonesia Vol 15 No 1 (2015)
Publisher : Fakultas Ekonomi dan Bisnis, Telkom University.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25124/jmi.v15i1.388

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Level stock returns telecommunications in Indonesia is influenced by various factors such as financial performance, risk management and working capital management. The purpose of this research was to analyze the influence of financial performance through parameters Debt to Equity Ratio (DER), Return On Investment (ROI), Current Ratio (CR) dan Total Assets Turn Over (TATO). Risk management using parameters (interest rate) and working capital management using parameters Cash Conversion Cycle (CCC). The population in this study is a telecommunications companies listed in Indonesia Stock Exchange 2010-2013. In analyzing the effect of variable DER, ROI, CR, TATO, ir and CCC using multiple linear regression. The analysis showed that the Debt to Equity Ratio (DER) has effect on stock returns with significant value 0,009, Return on Investment (ROI) has effect on stock returns with significant value 0,006. And Total Asset Turn Over (TATO) has effect on stock returns with significant value 0,025. While the Current Ratio (CR) ,interest rate, and Cash Conversion Cycle not effect on stock returns with significant value 0,403; 0,047; 0,977. All the independent variables simultaneously affect the stock on telecommunication companies.
Pengaruh Kompetensi dan Independensi pada Kinerja Auditor Internal Pemerintah dengan Etika Auditor sebagai Variabel Moderasi (Studi Pada Inspektorat Kabupaten Tegal) Ulfah, Uly Maria; Lukiastuti, Fitri
Jurnal Manajemen Teori dan Terapan | Journal of Theory and Applied Management Vol 11, No 1 (2018)
Publisher : Department of Management, Faculty Economics & Business, Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (274.731 KB) | DOI: 10.20473/jmtt.V11I1.39-49

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Government internal auditors must comply with labor regulations as civil servants and must comply with the APIP code of ethics and APIP audit standards that have been established when conducting guidance and supervision. Auditors need two main things, namely competence and independence to produce high audit quality. This study aims to provide empirical evidence about the influence of competence and independence on the performance of government internal auditors, as well as the role of auditor ethics in moderating the influence of competence and independence on the performance of government internal auditors. The population in this study are all auditors who work in the Tegal District Inspectorate, amounting to 40 people. The analytical method used is Moderated Regression Analysis. The results of the study prove that auditor competence and independence have a positive and significant effect on auditor performance. Other results from auditor ethics analyze the relationship between competency and auditor independence to auditor performance.
PENGARUH ORIENTASI WIRAUSAHA DAN KAPABILITAS JEJARING USAHA TERHADAP PENINGKATAN KINERJA UKM DENGAN KOMITMEN PERILAKU SEBAGAI VARIABEL INTERVIENING (Studi Empiris pada Sentra UKM Batik di Sragen, Jawa Tengah) Lukiastuti, Fitri
Jurnal Organisasi dan Manajemen Vol 8 No 2 (2012)
Publisher : LPPM Universitas Terbuka

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Abstract

In order to be able to seize the opportunities that a dynamic operating environment opens up, entrepreneurial SMEs have to reconfigure their existing asset base and processes. This study explores the effect of behavioral commitment on entrepreneurial orientation process and a firms reconfiguring network capabilities on performance by using survey data from 105 owners/manajers of batik SMEs in Sragen batik centrer, Central Java. Our findings indicate that indirectly, a SMEs entrepreneurial orientation have higher influence on SMEs performance through behavioral commitment; and reconfiguring network capabilities have an effect on its international performance and provide empirical support for the dynamic capability view of the firm. Entrepreneurial orientation process combined with behavioral commitment reconfiguring capabilities constitutes a potential source of competitive advantage. Dalam rangka untuk mendapatkan peluang usaha di lingkungan yang dinamis dan terbuka, UKM yang berorientasi wirausaha harus mengkonfigurasi lagi proses-proses bisnis dan asset yang dimiliki saat ini. Studi ini mengeksplorasi pengaruh komitmen perilaku terhadap proses orientasi wirausaha dan pengaruh konfigurasi kapabilitas jejaring perusahaan/UKM terhadap kinerja usaha. Penelitian ini menggunakan metode survey. Data yang digunakan berasal dari 105 pemilik/manajer UKM batik di sentra batik Kabupaten Sragen. Temuan dari penelitian ini adalah: secara tidak langsung orientasi wirausaha mempunyai pengaruh yang lebih besar terhadap kinerja usaha UKM yang dimediasi oleh variabel komitmen perilaku; dan rekonfigurasi kapabilitas jejaring usaha mempunyai pengaruh terhadap kinerja internasionalnya dan memberikan bukti dukungan empiris terhadap pandangan kapabilitas dinamis perusahaan. Proses orientasi wirausaha dikombinasikan dengan komitmen perilaku mekonfigurasi lagi kapabilitas yang menjadi sumber potensial keunggulan daya saing.