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Market Reaction to Indonesia Golden Ring Award Soejono, Fransiska
Jurnal Dinamika Manajemen Vol 8, No 2 (2017): September 2017 (DOAJ Indexed)
Publisher : Department of Management, Faculty of Economics, Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jdm.v8i2.12763

Abstract

This research is attended to analyze market reaction to announcement of Golden Ring Award period 2008-2015. Indonesia Golden Ring Award (IGRA) which was originally called as GRA is a form of award for the telecommunications industry in which the assessment team consist of the journalists who are daily covering the telecommunications industry It used an event study methodology to empirically evidence. The research samples are focused on 6 telecommunication firms listed in Indonesian Stock Exchange with judgement sampling technique. The secondary data consists of daily closing price of shares and composite stock price index with an estimation period during 21 days by using a market adjusted model. Hypotheses are tested by one sample t-test, paired t-test and independent sample t-test. There is significant market reaction to announcement of Golden Ring Award. The second Hypothesis also accepted i.e. there is a significance in different market reaction between the firms getting Golden Ring Award and the firms not getting Golden Ring Award, especially in best operator category. Whereas in best value added category, market didnt show significant reactions. This result gives implication related to the efficient capital market Hypothesis i.e. semi strong form efficiency are proven.
OWNERSHIP TYPE AND COMPANY PERFORMANCE: EMPIRICAL STUDIES IN THE INDONESIAN STOCK EXCHANGE Soejono, Fransiska
Journal of Indonesian Economy and Business Vol 25, No 3 (2010): September
Publisher : Journal of Indonesian Economy and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (166.332 KB)

Abstract

This study is aimed to test the difference in performance among companies with various types of ownership (foreign, state, and private) on a sample of 206 companieslisted in ISE (Indonesian Stock Exchange) between 1999-2006 resulting in 795 company year observations. The ANCOVA model and multiple comparison methods are used to test the hypothesis that private-owned companies have better performance than state-owned enterprises and foreign-owned companies have better performance than private-owned companies. Contrary with the hypothesis, the result shows that state-owned enterprises have better performance than private-owned companies. The possible explanation for this is because state-owned enterprises have more experience than private-owned companies (based on LogAge). State-owned firms may get some special facilities (including the easiness to get debt funding) from government. The result also shows that foreign-owned companies have better performance than private-owned companies which support the hypothesis. Foreign-owned companies have more experience in managing enterprises than private-owned companies. Furthermore, foreign-owned companies in some industries tend to be more active in doing investment than private-owned companies. There are some implications of these results. First, different ownership type gives different effect to thecompany’s performance. Second, government can consider foreign ownership in its privatization policy.Keywords: Ownership type, Performance, Experience, Investment.
COMPETENCY, ENTREPRENEUR CHARACTERISTIC AND BUSINESS PERFORMANCE: STUDY OF THE PEMPEK BUSINESS IN PALEMBANG Soejono, Fransiska; Mendari, Anastasia Sri; Rinamurti, Micheline
Journal of Indonesian Economy and Business Vol 30, No 1 (2015): January
Publisher : Journal of Indonesian Economy and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (477.355 KB)

Abstract

The purpose of this study was to examine empirically the effects of entrepreneurial compe-tencies and characteristics on business performance. Previous studies found that competencies and entrepreneurial characteristics significantly influenced business performance. A quantita-tive method was used and 122 respondents were involved as the sample in this study, who were pempek business owners in Palembang, South Sumatra. The results indicated an effect from entrepreneurial competencies on business performance. It was also found that the entrepre-neurs’ characteristics (owners’ ages) significantly affected the businesses’ performance. This implication requires some sort of course or program for the entrepreneurs to improve their competence to direct the owners to gain better business performance. The growing age of the business owners requires equal insights to ensure age does not stop the owners from improving their business’ performance.Keywords: competency, characteristics, performance, age, entrepreneur
Karir dalam Organisasi Selular (Career in Celullar Organizations) Soejono, Fransiska
Jurnal Manajemen Maranatha Vol 6 No 2 (2007)
Publisher : Universitas Kristen Maranatha

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (202.364 KB) | DOI: 10.28932/jmm.v6i2.214

Abstract

This article explains about the existence of organizational evolution and the existence of career development. Organizational nowadays matching with a global conditions these days is cellular organization, while in recognized by boundaryless career of existence of an career protean. In career protean, career change influenced by change the assess, importance, and individual ability. Specific competence required to reach the success in the twenty first century organization. The change that happened in organizations will influence the individuals who exist in the organizations. Creative individual will exploit the change that happened to reach the career efficacy. A lot of problem which are possible happened because the change in organizations and also in growth of career of twenty first century. That‟s why it needed some consideration and effectivity in career management.
KINERJA KEUANGAN PERUSAHAAN BUMN YANG TERDAFTAR DI BEI SEBELUM DAN SESUDAH PRIVATISASI Soejono, Fransiska
Jurnal Keuangan dan Bisnis Vol 12 No 1 (2014): Jurnal Keuangan dan Bisnis Edisi Maret 2014
Publisher : Lembaga Penelitian dan Pengabdian Masyarakat Universitas Katolik Musi Charitas

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (766.066 KB)

Abstract

Skripsi ini membahas tentang kinerja BUMN sebelum dan setelah privatisasi.Pengambilan sampel dilakukan dengan teknik purposive sampling. Artinyapenentuan dan pengambilan sampel berdasarkan kriteria-kriteria tertentu. Adapunkriteria pengambilan sampel adalah sebagai berikut: (1) BUMN yang melakukanprivatisasi dan terdaftar di BEI, (2) tersedia laporan keuangan lengkap tiga tahunsebelum dan tiga tahun sesudah privatisasi, (3) tidak ada aktivitas lain selainprivatisasi selama tiga tahun sebelum dan tiga tahun sesudah privatisasi. Ukurankinerja yang digunakan pada penelitian kali ini adalah ROE (Return On Asset),PBV (Price Book Value), dan PER (Price Earning Ratio). Tujuan yang ingindicapai dalam penelitian ini adalah untuk mengetahui perbedaan kinerja BUMNsebelum dan sesudah privatisasi. Analisis diawali dengan statistik deskriptif,dilanjutkan pengujian normalitas data untuk mengetahui apakah variabel-variabelyang akan diuji berdistribusi normal atau tidak. Langkah selanjutnya masingmasingvariabel diuji dengan menggunakan uji beda paired sample t-test. Hasilpenelitian ini menunjukkan bahwa pada Bank BNI hipotesis terdukung hanyapada ukuran kinerja ROE dan PBV, pada PT Jasa Marga hipotesis terdukung padaukuran kinerja ROE, dan pada PT Indocement hipotesis terdukung pada ukurankinerja PER.
OWNERSHIP TYPE AND COMPANY PERFORMANCE: EMPIRICAL STUDIES IN THE INDONESIAN STOCK EXCHANGE Soejono, Fransiska
Journal of Indonesian Economy and Business Vol 25, No 3 (2010): September
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (487.101 KB) | DOI: 10.22146/jieb.6288

Abstract

This study is aimed to test the difference in performance among companies with various types of ownership (foreign, state, and private) on a sample of 206 companieslisted in ISE (Indonesian Stock Exchange) between 1999-2006 resulting in 795 company year observations. The ANCOVA model and multiple comparison methods are used to test the hypothesis that private-owned companies have better performance than state-owned enterprises and foreign-owned companies have better performance than private-owned companies. Contrary with the hypothesis, the result shows that state-owned enterprises have better performance than private-owned companies. The possible explanation for this is because state-owned enterprises have more experience than private-owned companies (based on LogAge). State-owned firms may get some special facilities (including the easiness to get debt funding) from government. The result also shows that foreign-owned companies have better performance than private-owned companies which support the hypothesis. Foreign-owned companies have more experience in managing enterprises than private-owned companies. Furthermore, foreign-owned companies in some industries tend to be more active in doing investment than private-owned companies. There are some implications of these results. First, different ownership type gives different effect to thecompany’s performance. Second, government can consider foreign ownership in its privatization policy.Keywords: Ownership type, Performance, Experience, Investment.
COMPETENCY, ENTREPRENEUR CHARACTERISTIC AND BUSINESS PERFORMANCE: STUDY OF THE PEMPEK BUSINESS IN PALEMBANG Soejono, Fransiska; Mendari, Anastasia Sri; Rinamurti, Micheline
Journal of Indonesian Economy and Business Vol 30, No 1 (2015): JANUARY
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (477.355 KB) | DOI: 10.22146/jieb.7332

Abstract

The purpose of this study was to examine empirically the effects of entrepreneurial compe-tencies and characteristics on business performance. Previous studies found that competencies and entrepreneurial characteristics significantly influenced business performance. A quantita-tive method was used and 122 respondents were involved as the sample in this study, who were pempek business owners in Palembang, South Sumatra. The results indicated an effect from entrepreneurial competencies on business performance. It was also found that the entrepre-neurs’ characteristics (owners’ ages) significantly affected the businesses’ performance. This implication requires some sort of course or program for the entrepreneurs to improve their competence to direct the owners to gain better business performance. The growing age of the business owners requires equal insights to ensure age does not stop the owners from improving their business’ performance.Keywords: competency, characteristics, performance, age, entrepreneur
Analisis Perilaku Penggunaan Sistem Informasi Akademik Oleh Mahasiswa Keperawatan Sitanggang, Morlina; Bendi, Reginaldus Kristoforus Jawa; Soejono, Fransiska
JUTSI: Jurnal Teknologi dan Sistem Informasi Vol 1 No 1 (2017): Jurnal JuSiTik (Jurnal Sistem Informasi dan Teknologi Informasi Komunikasi)
Publisher : Universitas Katolik Musi Charitas Program Studi Sistem Informasi

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (257.813 KB) | DOI: 10.32524/jusitik.v1i1.155

Abstract

Pemanfaatan teknologi informasi merupakan hal yang penting bagi organisasi, karena dapat meningkatkan efektifitas dan efisiensi kinerja organisasi. Namun penerapan teknologi informasi tidak selalu berhasil. Salah satu faktor penentu keberhasilan penerapan teknologi informasi adalah sikap pengguna yang memanfaatkan teknologi tersebut. UTAUT merupakan kombinasi delapan model user acceptance of technology yang telah dikembangkan sebelumnya. Studi empiris yang mengadopsi model UTAUT telah banyak dilakukan. UTAUT juga digunakan oleh beberapa peneliti untuk melihat niat dan perilaku pengguna teknologi informasi di bidang pendidikan. Karena itu penelitian ini juga dikembangkan dengan mengadopsi model UTAUT untuk melihat perilaku pengguna SIAK (Sistem Informasi Akademik) pada program studi-program studi keperawatan di lingkungan Universitas Katolik Musi Charitas. Empat konstruk dari UTAUT digunakan sebagai determinan yang mempengaruhi niat pengguna (behavioral intention), yaitu: performance expectancy, effort expectancy, social influence dan facilitating conditions. Populasi penelitian ini adalah mahasiswa aktif prodi D3 Keperawatan, S1 Keperawatan dan prodi Profesi Ners yang menggunakan SIAK. Data dikumpulkan melalui kuesioner yang disebarkan kepada 297 responden. Data diolah dan dianalisis dengan teknik regresi linier berganda. Uji validitas dan reliabilitas menunjukan bahwa kuesioner yang digunakan sebagai instrumen penelitian valid dan reliabel. Hasil uji asumsi klasik menunjukan bahwa data terdistribusi normal dan bebas multikolinieritas, namun belum memenuhi asumsi heteroskedastisitas.Hasil uji hitopesis menunjukan bahwa performance expectancy, effort expectancy, sosial influence, dan facilitating condition berpengaruh positif signifikan terhadap behavioral intention.   Kata kunci: UTAUT, performance expectancy, effort expectancy, social influence, facilitating conditions, behavioral intention
PENGARUH TIPE KEPEMILIKAN TERHADAP PROFITABILITAS PERUSAHAAN: STUDI EMPIRIS DI BURSA EFEK INDONESIA Soejono, Fransiska
EKUITAS (Jurnal Ekonomi dan Keuangan) Vol 14, No 2 (2010)
Publisher : Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya(STIESIA) Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (0.057 KB) | DOI: 10.24034/j25485024.y2010.v14.i2.277

Abstract

This research is aimed to test the difference in financial performance between firms with various types of ownership (foreign, state, and private) on a sample of 206 firms listed in BEI between 1999-2006 period resulting 795 firm-year observations. ANCOVA model and multiple comparisons are used to test the hypothesis that private-owned firms have better financial performance than state-owned firms and foreign-owned firms have better financial performance than private-owned firms. Contrary with the hypothesis, the result shows that state-owned firms have a better financial performance than private-owned firms. The result also shows that foreign-owned firms have better financial performance than private-owned firms which support the hypothesis. There are some implications of these results. First, different type of ownership give different effect to firm’s financial performance. Second, government can consider foreign ownership in its privatization policy.
Kinerja Bank Dan Harga Saham Soejono, Fransiska
Jurnal Keuangan dan Bisnis Vol 12 No 2 (2014): Jurnal Keuangan dan Bisnis Edisi Oktober 2014
Publisher : Lembaga Penelitian dan Pengabdian Masyarakat Universitas Katolik Musi Charitas

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (746.566 KB)

Abstract

The existence of a manager in the company is important for decision-making inparticular funding decision. Managers must examine the nature, cost and sourceof funds that will be used. Financing policy in a company should aim to maximizeprosperity. However, the fact shows that generalty, the level of debt in themanufacturing sector is increasing every year. It is not offset by the growth in theprofitability of the company. This study was conducted to determine the effect ofthe company’s growth, profitability, and dividends on the corporate debt policyeither simultaneously or partially. Population of this research weremanufacturing companies listed on the Stock Exchange (Stock ExchangeIndonesia) from 2011 to 2014. This study used panel data analysis techniquesmixed with eviews. This study was descriptive. The type of data used weresecondary data namely financial report of the sample companies. The resultsshowed that simultaneously the company’s growth, profitability, and dividendsinfluenced corporate debt policy. While partially, the variables of company’sgrowth had negative influence on debt policy variable, the variable of profitabilityhad negative effect on debt policy, and dividends variable had positive effect onthe company's debt policy.