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Pengaruh Variabel Fundamental pada Harga Saham Bank yang Terdaftar di Bursa Efek Indonesia Sebelum dan pada Masa Krisis Ekonomi Global -, Ernawati; Swandari, Fifi
Jurnal Aplikasi Manajemen Vol 8, No 3 (2010)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

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Abstract

The aims of this research are to analyze the impact of fundamental variables on bank stock price in two different period. We analyze two years before and one year during global economic crisis in Indonesian Stock Market. The samples consist of 24 banks listed at Indonesia Stock Market. Linier regression is used to analyzed the impact of independent variables on dependent variable. We use Capital Adequate Ratio (CAR), Non Performing Loan ( NPL), Return on Asset (ROA), ratio Operating Cost to Operating Revenue (BOPO), Loan to Deposit Ratio (LDR) and deposit rate as independent variables. Dependent variable is banks stock price. We find all fundamental variables and deposit rate have impact on banks stock price simultaneosly before crisis period. Different result showed in another period, none of the variables have impact on banks stock price. We find ROA and LDR have impact on bank stock price partially before crisis. CAR, NPL, BOPO and deposit rate have no impact on banks stock price. This result shows that fundamental variables have different impact in two different period. The potential explanation is investors become irrational in the period of crisis so none of fundamentals variables have no impact on banks stock price.Keywords: fundamentals variables, bank stock price, global economic crisis period.
PENGARUH PERILAKU RESIKO, KEPEMILIKAN INSTITUSI DAN KINERJA TERHADAP KEBANGKRUTAN BANK UMUM DI INDONESIA Swandari, Fifi
Journal of Indonesian Economy and Business Vol 17, No 4 (2002): October
Publisher : Journal of Indonesian Economy and Business

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Abstract

This paper investigates the impact of risk taking behavior, institution ownership and performance on bank failure. I predict that risk-taking behavior has positive impact on bank failure, institution ownership and performance have negative impact on bank failure. Result shows that risk taking behavior and institution ownership give little support to hypothesis. Performance has result as predicted. The result suggests that the impact of risk taking behavior and institution ownership needs further investigation.Keyword: risk taking, institutional ownership, performance, bank failure
The Effect of Ownership Structure, Profitability, Leverage, and Firm Size on Corporate Social Responsibility (CSR) Swandari, Fifi; Sadikin, Ali
Binus Business Review Vol 7, No 3 (2016): Binus Business Review
Publisher : Bina Nusantara University

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Abstract

Corporate Social Responsibility (CSR), indicator used was the index of CSR disclosure with 64 companies listed in Indonesia Stock Exchange period of 2012 as the samples. This research used multiple regression analysis. The results show that institutional ownership, managerial and foreign has no effect on CSR. This indicates that the ownership structure could not improve CSR in the company. On the contrary, profitability has an influence on CSR. It indicates that companies with high profits have the fund flexibility to implement CSR programs that have been set. Moreover, corporate debt levels also affect the CSR with the negative direction. This means that companies with high debt levels will usually focus more on managing faced business risks rather than on CSR program. Last, company size has no effect on the company CSR.
Pengembangan Model Pembelajaran Berbasis Kearifan Lokal di Daerah Bantaran Sungai Barito Suratno, Suratno; Swandari, Fifi; Yamin, M.
Jurnal Pendidikan Progresif Vol 5, No 2 (2015): Jurnal Pendidikan Progresif
Publisher : Fakultas Keguruan dan Ilmu Pendidikan, Universitas Lampung

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Abstract

This research aimed to investigate and analyze the society behaviour in general and school society who lived along the Barito river, and what kind of strategy which was used to investigate the local wisdom value as the activator of the society in growing the ecological awareness. This research used Research and Development (R&D) with qualitative approach. The result of the research (define and design stage) showed that whether the teacher or parents gave various opinion about the content of the muatan lokalbased on local wisdom along the Barito river.Keywords: learning model, local wisdom, barito riverPenelitian ini bertujuan mengetahui dan menganalisis perilaku masyarakat secara umum dan masyarakat sekolah yang berdiam di bantaran sungai Barito; dan strategi apa yang digunakan untuk menggali nilai-nilai kearifan lokal sebagai penggerak masyarakat dalam menumbuhkan kesadaran ekologisnya. Penelitian ini menggunakan pendekatan kualitatif dengan metode Research and Development (R & D). Hasil penelitian (tahap define dan design) menunjukkan bahwa baik guru maupun orang tua siswa memberikan pendapat beragam mengenai isi muatan lokal berkearifan lokal di daerah bantaran sungai Barito.Kata kunci: jiwa kewirausahaan, kompetensi guru kewirausahaan, minat berwirausaha
PENGARUH KOMPONEN RGEC (RISK PROFILE, GOOD CORPORATE GOVERNANCE, EARNING, CAPITAL) TERHADAP RETURN SAHAM SEKTOR PERBANKAN Studi Pada Bursa Efek Indonesia Rezeki, Yuliarti; Swandari, Fifi; Hadi, Abdul
JWM (Jurnal Wawasan Manajemen) Vol 5, No 3 (2017)
Publisher : Program Magister Manajemen

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Abstract

The purpose of this research is to analyze the influence of RGEC Components ie Non Performing Loans, Interest Rate Risk, Loan To Deposit Ratio, Institutional Ownership, Proportion of Independent Commissioner, Audit Committee, Return on Asset, Net Interest Margin and Capital Adequacy Ratio to stock return.The analysis test used is multiple linear regression analysis. The population used by banking companies listed in Indonesia Stock Exchange period 2011-2015 period and which meet the criteria of sample selection. The sample used is 23 companies. Data are collected through secondary data collection in the form of company annual report for 2011-2015 period published in Indonesia Stock Exchange. The research hypothesis was tested by multiple linear regression that has met the classical assumption test.The result of analysis shows that Non Performing loan, Interest Rate Risk, Proportion of Independent Board of Commissioner, Net Interest Margin and Capital Adequacy Ratio have no significant effect on stock return while Loan To Deposit Ratio, Institutional Ownership, Audit Committee, and Return on Asset have significant effect to return stock.
PENGARUH FAKTOR-FAKTOR FUNDAMENTAL TERHADAP RETURN SAHAM PERUSAHAAN JASA TRANSPORTASI Septina, Siska; Swandari, Fifi
JWM (Jurnal Wawasan Manajemen) Vol 6, No 1 (2018)
Publisher : Program Magister Manajemen

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Abstract

This research as “Effect Fundamental Factors toward stock return of Transportation’s Company”. Aims analyzed fundamental factors to haven influence stock return of transportation  company at Indonesia Stock Exchange (BEI). Fundamental factors such as Earning Per Share (EPS), Book Value Per Share (BVS), Price Earning Ratio (PER), Debt to Equity Ratio (DER), Return on Asset (ROA), and  Return On Equity (ROE).Methodology research used purposed sampling with criteria as 1. Stock of Transportation company which listed  fm th. 2009-2013. 2.Stocked was trade at Indonesian Stock Exchange (BEI). Sample totally 13 and data analysis with multiple regression of ordinary least square and hypothesis test used F statistics and t statistic at level significance 5%.Analysis result is fm totally 6 (six) of fundamental factors, only Price Earning Ratio (PER), Debt to Equity Ratio (DER) and Return on Asset (ROA) significance influance stock return of 13 (thirteen) transportation company at BEI, while others are not significance.The future result suggested to expand other fundamental factors and suggested to add more variabels so can get better result.
PENGARUH MEKANISME GOOD CORPORATE GOVERNANCE DAN STRUKTUR KEPEMILIKAN TERHADAP KINERJA KEUANGAN PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI TAHUN 2010-2012 ., Wehdawati; Swandari, Fifi; Jikrillah, Sufi
JWM (Jurnal Wawasan Manajemen) Vol 3, No 3 (2015)
Publisher : Program Magister Manajemen

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Abstract

This  study  aims  to  identify  and  analyze  the  influence  of  the  number  of commissioners,  the  proportion  of  independent  board,  the  number  of  audit committee,  the  number  of  the  board  of  directors,  managerial  ownership, institutional ownership as the independent variables, and the company size as the control variable either partially or simultaneously on the company’s financial performance, namely ROA and ROE as dependent variables in companies listed on the Stock Exchange from 2010 to2012.The  method  of  sampling  was  done  through  purposive  sampling  method.  The population of companies were the ones listed on the Stock Exchange from 2010 to 2012. The obtained samples were 91 companies, so that the amount of data used were as many as 273, but there are some outlier data that must be removed in order to meet the assumption of normality. Therefore, the amount of the final samples  used  in  this  study  were  75  companies  with  the  amount  of  data  used were 194. The analytical tool used was multiple linear regression analysis, and to test the level of significance the F test and the t-test were used which were processed with SPSS 22.The  results  showed  that  the  variable  of  the  proportion  of  independent  board significantly  gave  negative  effects  on  ROA  and  ROE,  while  the  variable  of the  number  of  commissioners,  the  number  of  board  of  directors,  managerial ownership,  institutional  ownership  and  firm  size  did  not  affect  the  ROA  and ROE. The variable of the number of the audit committee was not used in the analysis because the data had constant value.Keywords : Corporate governance, ownership structure, financial performance
PENGARUH STRUKTUR MODAL TERHADAP KINERJA PERUSAHAAN Imadudin, Zaki; Swandari, Fifi; ., Redawati
JWM (Jurnal Wawasan Manajemen) Vol 2, No 1 (2014)
Publisher : Program Magister Manajemen

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Abstract

The  purpose  of  this  study  is  to  examine  the  impact  of  capital  structure  on corporate performance after crisis 2008. DAR and DER are used as independent variables and ROA and ROE are used as dependent variables. Two variables are used as control variables namely size and sales. The population in this study is index LQ 45 which are listed in Indonesia Stock Exchange during 2009-2012. Regression analysis were used to test the impact of capital structure on corporate performance.The result shows that DAR has impact positive but not signifi cant with ROA and negative but not signifi cant with ROE while DER has negative but not signifi cant with ROA dan positive but not signifi cant with ROE. Size has negative but not signifi cant with ROA and ROE and Sales has positive signifi cant with ROA and ROE. Keywords :Capital Structure, corporate performance, size, sales.
Pengaruh Rasio Aktivitas Dan Rasio Leverage Terhadap Tingkat Profitabilitas Noormuliyaningsih, Tri; Swandari, Fifi
JWM (Jurnal Wawasan Manajemen) Vol 4, No 1 (2016)
Publisher : Program Magister Manajemen

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Abstract

The objectives of this research to analyze the influence of activity ratio (inventory turnover, fixed assets turnover, and total assets turnover) and leverage ratio (debt ratio and debt to equity ratio) to profitability level (return on assets and return on equity) on food and beverage companies that listed in Indonesia Stock Exchange (IDX).  Sample on this research consist of 14 (fourteen) food and beverage companies that listed in Indonesia Stock Exchange (IDX). The observation periods  are 3 (three) years that start from 2012 until 2014. Multiple linear regression is a method that used to analyze data, and for testing the raised hypothesis with t test. The result of research conclude that debt ratio significantly affect the company’s profitability level (return on assets and return on equity) with value of negative coefficient. Other variables such as inventory turnover, fixed assets turnover, and total assets turnover are not affect to profitability level (return on assets and return on equity). Influence of debt to equity ratio an profitability level can not be concluded in this research. Keywords: Activity Ratio, Inventory Turnover, Fixed Assets Turnover, Total Assets Turnover, Leverage Ratio, Debt Ratio, Debt to Equity Ratio, Profitability Level, Return On Assets, Return On Equity.
Perbandingan NPL, LDR, CAR, ROA, dan BOPO Antara Bank BNI Dan Bank BUMN Lain Wahyuningsih, Tri; Swandari, Fifi
JWM (Jurnal Wawasan Manajemen) Vol 4, No 2 (2016)
Publisher : Program Magister Manajemen

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Abstract

This study aims to analyze the differences in financial performance of Bank BNI and other BUMN Banks by the measuring the ratio of Non Performing Loan (NPL), Loan to Deposit Ratio (LDR), Adecuacy Capital Ratio (CAR), Return on Assets (ROA) and BOPO. The study was conducted by using descriptive analysis method. The results of this study explained that the performance NPL, LDR, and Bank BNI's CAR on average during the past eight semesters was still better than BUMN Banks on average, while the performance of ROA and BOPO remained below the average Revenues and Operating Expenses of Operational Income of  Bank BUMN. The results also showed that all BUMN banks still showed good and healthy performance and in accordance with the provisions set by Bank Indonesia. This study also presented the strategy undertaken by Bank BNI to improve its financial performance, that is, the business synergy of all units unit, growth in good-quality assets, optimization of the customer engagement, strengthening the network and develop alliances, optimization of existing resources and simplification of processes, and enhancing customer experiences through improving processes and business models to  digital banking.Keywords: Non-Performing Loans, Loan to Deposit Ratio, Capital Adequacy Ratio, Return on Assets, Revenues and Operating Expenses of Operational Income, Bank BNI, Bank BUMN.