Articles

Found 19 Documents
Search

KEBIJAKAN DALAM PENENTUAN DAN PENDANAAN MODAL KERJA PERUSAHAAN Miswanto, Miswanto
Jurnal Economia Vol 8, No 2 (2012)
Publisher : Fakultas Ekonomi Universitas Negeri Yogyakarta

Show Abstract | Original Source | Check in Google Scholar

Abstract

Abstract: Policy in Determining and Financing Company’s Working Capital. In funding working capital, a company can use hedging policy, conservative policy, and aggressive policy. In relation to long-term versus short-term financing, temporary versus permanent current assets, and the trade-off between risk and profitability, it can be concluded that when the temporary current assets are financed by short-term financing they have moderate risk and profitability, when the temporary current assets are financed by long-term financing they have low risk and profitability, when the permanent current assets are financed by short-term funding they have high risk and profitability, and when the permanent current assets are financed by long-term financing they have moderate risk-profitability. To measure the performance of the working capital management, the working capital position of the company needs to be analyzed. By using the data presented on the balance sheet and income statement, the company can carry out the analysis of working capital performance using financial ratio analysis on working capital, analysis of the funding sources and use of funding statement, and analysis of the companys cash flow statement. Keywords: liquidity, capital, financing, profitability, and risk  Abstrak: Kebijakan dalam Penentuan dan Pendanaan Modal Kerja Perusahaan. Dalam mendanai modal kerja, perusahaan dapat menggunakan kebijakan hedging, kebijakan konservatif, dan kebijakan agresif. Dalam hubungannya antara pendanaan jangka pendek versus jangka panjang, aktiva lancar temporer versus permanen, dan trade-off antara risiko dan profitabilitas diperoleh kesimpulan bahwa jika aktiva lancar temporer dibiayai dengan pendanaan jangka pendek memiliki risiko dan profitabilitas moderat, jika aktiva lancar temporer dibiayai dengan pendanaan jangka panjang memiliki risiko dan profitabilitas rendah, jika aktiva lancar permanen dibiayai dengan pendanaan jangka pendek memiliki risiko dan profitabilitas tinggi, dan jika aktiva lancar permanen dibiayai dengan pendanaan jangka panjang memiliki risiko dan profitabilitas moderat. Untuk mengukur kinerja manajemen modal kerja, posisi modal kerja perusahaan perlu dianalisis. Dengan menggunakan data yang tersaji pada neraca dan laporan laba rugi, perusahaan dapat melakukan analisis kinerja modal kerja dengan menggunakan analisis rasio keuangan pada modal kerja, analisis pada laporan sumber dan penggunaan dana, dan analisis pada laporan aliran kas perusahaan. Kata kunci: likuiditas, modal, pendanaan, profitabilitas, dan risiko
PENGUKURAN RISIKO BISNIS DAN RISIKO PENDANAAN DALAM PERUSAHAAN Miswanto, Miswanto
Jurnal Economia Vol 9, No 1 (2013)
Publisher : Fakultas Ekonomi Universitas Negeri Yogyakarta

Show Abstract | Original Source | Check in Google Scholar

Abstract

Abstrak: Pengukuran Risiko Bisnis dan Risiko Pendanaan dalam Perusahaan. Dalam melakukan pengambilan keputusan leverage, manajer keuangan tidak cukup hanya memperhatikan laba, melainkan juga risiko yang ditimbulkan. Risiko dapat berupa risiko bisnis, risiko pendanaan, dan risiko total. Pengukurannya dapat dilakukan dengan pendekatan statistika dan pendekatan pasar. Menurut pendekatan statistika, risiko total diukur dengan Koefisien Variasi EPS, atau dihitung dari Koefisien Variasi EBIT kali Degree of Financial Leverage (DFL). Risiko bisnis diukur dengan Koefisien Variasi EBIT, dan risiko pendanaan diukur dengan Koefisien Variasi EPS dikurangi dengan Koefisien Variasi EBIT. Menurut pendekatan pasar, risiko total diukur dengan beta leverage firm, risiko bisnis diukur dengan beta unleveraged firm, dan risiko pendanaan diukur dari beta leverage firm dikurangi dengan beta unleverage firm. Melalui pendekatan pasar dapat diperoleh adanya keterkaitan yang berupa trade-off antara risiko leverage dan return yang diharapkan. Kata kunci: beta, bisnis, laba, leverage, pendanaan, dan risiko Abstract:  Business and Financial Risk Measurement in the Firms. In making decisions on leverage, financial managers is not enough to pay attention to the earnings, but should also pay attention to the risks. The risks can be business risk, financial risk, and total risk. They can be measured either by statistical or market approach. With the statistical approach, the total risk is measured by the coefficient of variation of EPS, or calculated from the coefficient of variation of EBIT times the Degree of Financial Leverage (DFL). Business risk is measured by the coefficient of variation of EBIT, and financial risk is measured by the coefficient of variation of EPS reduced coefficient of variation of EBIT. With the market approach, the total risk is measured by beta leverage firm, business risk measured by beta unleveraged firm, and financial risk obtained by reducing beta leverage firm by beta unleveraged firm. Through market approach a trade-off relationship between risk and expected return in leverage can be obtained. Keywords: beta, business, earnings, leverage, financing, and risk
PENGEMBANGAN MODEL KEPEMIMPINAN TRANSFORMASIONAL Miswanto, Miswanto
Fokus Ekonomi Vol 7, No 3 (2008): Vol. 7 No. 3 Desember 2008
Publisher : Fokus Ekonomi

Show Abstract | Original Source | Check in Google Scholar

Abstract

Base on the leadership theory and research shows that transformational leadership is morepromising to sustain the success of the organization, especially the influence of organizationsthat are facing global business today. Development of a transformational leadership modelthat was developed by the authors to adopt and modify the effective transformationalleadership model proposed by Locke and friends. Development of a transformationalleadership model is composed of five parts, namely: 1) the motives and character, 2)knowledge, skill, and ability, 3) organizational culture, 4) vision, and 5)implementation of the vision.Key words: transformational, leadership, organization.
PENGARUH EFISIENSI MODAL KERJA, PERTUMBUHAN PENJUALAN DAN UKURAN PERUSAHAAN TERHADAP PROFITABILITAS PERUSAHAAN Miswanto, Miswanto; Abdullah, Yanuar Rifqi; Suparti, Shofia
Jurnal Bisnis dan Ekonomi Vol 24 No 2 (2017): VOL. 24 NO. 2 EDISI SEPTEMBER 2017
Publisher : Jurnal Bisnis dan Ekonomi

Show Abstract | Original Source | Check in Google Scholar | Full PDF (483.581 KB)

Abstract

The purpose of this study is to examine the effect of Working Capital Efficiency, Sales Growth, and Company Size on Profitability of manufacturing companies listed in Indonesia Stock Exchange period 2012-2014. This research is expected to be useful for the company to know the policy to be taken for business continuity. Based on the results of tests on the existing hypothesis, the results of this study as follows. Working Capital Turnover (WCT) has a positive and significant effect on profitability. The growth of the Company which is proxied by sales growth has negative and insignificant effect on profitability. Firm Size's firm size has a positive and significant effect on profitability. Therefore, profitability and firm size can be used to predict profitability of manufacturing companies listed on Indonesia Stock Exchange period 2012-201., Keywords: Profitability, working capital, company growth, and firm size
MARKET TIMING DAN PENGARUHNYA TERHADAP STRUKTUR MODAL PADA PERUSAHAAN MANUFAKTUR INDONESIA YANG IPO TAHUN 2000-2008 Miswanto, Miswanto
Jurnal Siasat Bisnis Vol 17, No 1 (2013)
Publisher : Jurnal Siasat Bisnis

Show Abstract | Original Source | Check in Google Scholar

Abstract

AbstractThis study aimed to test whether there is equity market timing on capital structure manufacturing company in Indonesia, and whether market timing of equity in the long term (persistent) effect on the capital structure of Indonesian manufacturing company. The sample used is the Indonesian manufacturing companies that go public in Indonesia Stock Exchange (BEI) in 2000-2008, and the data used is panel. Results of this study indicate that there is equity market timing on capital structure. Thus, there are indications of the practice of issuing shares at high and repurchasing at a low price. The results also indicate that equity market timing persistent influence on the capital structure.Keywords: equity market timing, market-to-book ratio, leverage, capital structure, and market value.AbstrakPenelitian ini bertujuan untuk menguji apakah ada market timing ekuitas pada struktur modal perusahaan manufaktur di Indonesia, dan apakah market timing ekuitas dalam jangka panjang (persisten) berpengaruh terhadap struktur modal perusahaan manufaktur Indonesia. Sampel yang digunakan adalah perusahaan manufaktur Indonesia yang melakukan IPO di Bursa Efek Indonesia (BEI) tahun 2000–2008, dan data yang digunakan adalah data panel. Hasil penelitian ini menunjukkan bahwa ada market timing ekuitas pada struktur modal. Dengan demikian, ada indikasi praktik menerbitkan ekuitas saham pada saat harga (nilai) pasar ekuitas tinggi dan stock repurchase (membeli kembali saham) pada harga rendah. Hasil penelitian ini juga menunjukkan bahwa market timing ekuitas berpengaruh secara persisten terhadap struktur modal.Kata kunci: market timing ekuitas, market-to-book ratio, leverage, struktur modal, dan nilai pasar.
PENGARUH EFISIENSI MODAL KERJA, PERTUMBUHAN PENJUALAN DAN UKURAN PERUSAHAAN TERHADAP PROFITABILITAS PERUSAHAAN Miswanto, Miswanto; Abdullah, Yanuar Rifqi; Suparti, Shofia
Jurnal Bisnis dan Ekonomi Vol 24, No 2 (2017): VOL. 24 NO. 2 SEPTEMBER 2017
Publisher : Jurnal Bisnis dan Ekonomi

Show Abstract | Original Source | Check in Google Scholar

Abstract

The purpose of this study is to examine the effect of Working Capital Efficiency, Sales Growth, and Company Size on Profitability of manufacturing companies listed in Indonesia Stock Exchange period 2012-2014. This research is expected to be useful for the company to know the policy to be taken for business continuity. Based on the results of tests on the existing hypothesis, the results of this study as follows. Working Capital Turnover (WCT) has a positive and significant effect on profitability. The growth of the Company which is proxied by sales growth has negative and insignificant effect on profitability. Firm Sizes firm size has a positive and significant effect on profitability. Therefore, profitability and firm size can be used to predict profitability of manufacturing companies listed on Indonesia Stock Exchange period 2012-201., Keywords: Profitability, working capital, company growth, and firm size
DAMPAK PEMBANGUNAN INDUSTRI PARIWISATA TERHADAP ALIH FUNGSI LAHAN Miswanto, Miswanto; Safaat, Mat
Jurnal Antropologi: Isu-Isu Sosial Budaya Vol 20, No 1 (2018): (June)
Publisher : Universitas Andalas

Show Abstract | Original Source | Check in Google Scholar | Full PDF (154.587 KB)

Abstract

Riau Islands as one of the tourism destinations in Indonesia that has unique tourist uniqueness. The uniqueness and potential of tourism in the Riau Islands is developed as one of the tourism destinations based on culture and supported by the beauty of nature is very interesting. The emergence of maritime tourism as the most popular place impacts the tourism in the Riau Islands region. Many changes occur due to the development of tourism. However, the most attention is the high level of tourism accommodation development with a very limited amount of land. The limitation does not necessarily stop development and even leads to a higher level of functional alteration that threatens the existence of green open spaces that also impact to other areas as happened in Teluk Village Mangrove, Gunung Kijang District. Beside that, the lack of human resources, especially in Teluk Bakau Village, Gunung Kijang Sub-district, is still not able to compete in tourism sector either in local, national or international scale. If this is left is not impossible that tourism was originally expected to be able to improve the welfare of society it will threaten the welfare of the community itself. Intangible is seen there is a movement of people who are now tend to orient towards profit financially or profit oriented. Because, tourism industry is seen as a profitable activity and able to bring in great revenue.namun, reality in the field shows that the development of Tourism Village has not been side with the community of Teluk Bakau Village. As the development of coastal tourism is a tourism asset sold for tourist satisfaction. However, the development of tourist villages is not aligned with peoples lives. The socio-economic life of the Bakau Bay community is unchanged while investors reap huge profits from this tourism activity. In fact, if there is no coastal tourism industry tourism in Teluk Bakau Village will not grow
Analisis Perilaku Model Multi Agen dengan Gangguan Achmadi, Sentot; Miswanto, Miswanto
CAUCHY Vol 2, No 4 (2013): CAUCHY
Publisher : Mathematics Department, Maulana Malik Ibrahim State Islamic University of Malang

Show Abstract | Original Source | Check in Google Scholar

Abstract

This paper discuss multi-agent model of the N-dimensional space with the function of attraction and repulsion. In this model is given the disturbance function which is a bounded function. In this paper also discuss about stationary of each agency and stability of the models use stability of Lyapunov. From the analytical results obtained center of the multi-agent is stationary. Also test the stability with Lyapunov method is obtained that the proposed model is a stable model. Numerical simulation results show that each agent will converges to a region that has a certain distance to the center of the multi-agent model
APLIKASI PEMBELAJARAN ANTI KORUPSI BAGI ANAK REMAJA BERBASIS ANDROID Miswanto, Miswanto; Badrul, Mohammad
Jurnal Informatika Vol 3, No 1 (2016): Jurnal INFORMATIKA
Publisher : LPPM Universitas BSI

Show Abstract | Original Source | Check in Google Scholar | Full PDF (885.833 KB)

Abstract

Abstract - Corruption issue is currently the focus of the Indonesian government to be able to be eradicated down until the roots. One way must to do is to give a learning and understanding to the public about the meaning and scope about corruption as well as preventive measures through the media about the corruption-based mobile learning to the public. With the mobile media-based learning allow people, especially the youth to be able to learn directly from a smartphone whenever and wherever they wanted to learn. With the participation of the public (especially teenagers) can create a good critical of the younger generation in conveying criticism and suggestions to the problems of corruption to the Indonesian government or law enforcement related to Corruption. One role of the writer to be able to contribute to the eradication of corruption, in this case in the form of preventing corruption is to design a system for the application of the Anti-Corruption Learning-Based Android for Teenagers, where it is expected that these applications can provide a basic learning and understanding of the associated problems of corruption. Abstraksi — Permasalahan korupsi saat ini sedang menjadi fokus dari pemerintah Indonesia untuk dapat diberantas hingga ke akar-akarnya. Salah satu cara yang perlu dilakukan adalah memberi pembelajaran dan pemahaman kepada masyarakat mengenai pengertian dan ruang lingkup korupsi serta tindakan pencegahan melalui media pembelajaran tentang korupsi berbasis mobile kepada masyarakat. Dengan adanya media pembelajaran berbasis mobile memudahkan masyarakat khususnya para remaja untuk dapat belajar secara langsung dari smartphone yang dimiliki kapanpun dan dimanapun para remaja ingin belajar. Dengan adanya peran serta masyarakat (khususnya para remaja) dapat menciptakan para generasi muda yang kritis dalam menyampaikan kritik dan saran terhadap permasalahan korupsi kepada pemerintah Indonesia atau para penegak hukum yang berhubungan dengan Tindak Pidana Korupsi. Salah satu peran serta penulis untuk dapat berkontribusi dalam pemberantasan korupsi, dalam hal ini dalam bentuk pencegahan korupsi adalah dengan merancang sistem aplikasi Pembelajaran Anti Korupsi bagi Anak Remaja Berbasis Android, dimana diharapkan aplikasi ini dapat memberikan pemahaman dasar terkait masalah korupsiKata Kunci: pembelajaran anti korupsi, anti korupsi, android anti korupsiata Kunci: pembelajaran anti korupsi, anti korupsi, android anti korupsi
EVALUASI PELAKSANAAN PENDIDIKAN PESANTREN MINI DI MADRASAH ALIYAH PATRA MANDIRI PLAJU PALEMBANG Miswanto, Miswanto
El-Idare Vol 2 No 2 (2016): El-Idare
Publisher : Program Studi Manajemen Pendidikan Islam Fak. Ilmu Tarbiyah dan Keguruan

Show Abstract | Original Source | Check in Google Scholar | Full PDF (109.318 KB)

Abstract

Evaluation of educational programs is a process to determine whether the purpose of education can already be realized. This study raised the question of the evaluation of education programs in mini schools Plaju MA Patra Mandiri Palembang. Program Pesantren mini itself is an education that adopts the education system in schools in general, but only a small portion is applied. In conducting the research, the evaluators use this type of model evaluation CIPP (context, input, process, product). The goal is to determine the extent to which the program is running properly. This type of research is the evaluation of a program that uses the model CIPP, namely: contex, input, process and product, with a qualitative approach to the subject of the research is the principal, waka curriculum, waka student, teachers, administrators, and the community around MA Patra Mandiri Plaju Palembang. Data collection techniques in this research is to use observation, interviews and documentation, while for analyzing the data using three procedures, namely data reduction, display, and data verification.