{"title":"PROFITABILITAS DAN DAMPAK MEDIASINYA TERHADAP NILAI PERUSAHAAN (Studi Empirik Pada Perusahaan Sektor Pertambangan yang Terdaftar di Bursa Efek Indonesia Periode 2011-2015)","authors":"Akhmadi Akhmadi, Ariandini Ariadini","doi":"10.35448/jmb.v11i1.4328","DOIUrl":"https://doi.org/10.35448/jmb.v11i1.4328","url":null,"abstract":"The purpose of this study was to determine whether there is influence between firm growth and firm size to firm value, using profitability as an intervening variable. This type of research is descriptive and associative. The population of mining listed company on the Indonesia Stock Exchange period 2011-2015 by 41 companies using purposive sampling method obtained a sample of 28 companies. The data used is secondary data. Analysis of the data using the classical assumption test, partial test (t test) and path analysis. By using SPSS (Statistics Product and Service Solution) program 20 for windows. From the calculation, all the classical assumption has been fulfilled. The first regression equation namely, [ROA = 0.075 growth + 0.048 size + 0.996] and a second regression equation namely, [PBV = 0.101 growth + (-0.064) size + 0.454 roa + 0.880]. The results of research partially firm growth has no effect and not significant effect to firm value. Firm size has no effect and does not significant to firm value. Profitability positive and significant effect to firm value. The growth of the company has no effect and not significant on profitability. The size of the firm has no effect and is not significant on profitability. Path analysi of the test result showed that the profitability as intervening variable is unable to mediate the inffect of firm growth on firm value but its influence is not significant. Profitability as an intervening variable is able to mediate the effect of firm size on firm value but its effect is not significant.","PeriodicalId":145379,"journal":{"name":"Sains: Jurnal Manajemen dan Bisnis","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133812082","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Pengaruh Kebijakan Dividen Terhadap Nilai Perusahaan Dengan Kebijakan Hutang Sebagai Variabel Intervening Pada Perusahaan Sub Sektor Industri Barang Konsumsi Periode 2011-2016","authors":"Titin Koesmia Wati, S. Sriyanto, Enis Khaerunnisa","doi":"10.35448/jmb.v11i1.4319","DOIUrl":"https://doi.org/10.35448/jmb.v11i1.4319","url":null,"abstract":"Penelitian ini bertujuan untuk mengetahui pengaruh Kebijakan Dividen yang diproksikan dengan Dividen Payout Ratio (DPR) (X) terhadap Nilai Perusahaan yang diproksikan dengan Price Book Value (PBV) (Y) melalui Kebijkan Hutang yang diproksikan dengan Debt Equity Ratio (DER) (Z) sebagai variabel intervening. Populasi yang digunakan yaitu pada Sektor Industri Barang Konsumsi yang terdaftar di Bursa Efek Indonesia (BEI) periode 2011-2016 sebanyak 38 Perusahaan. Sampel penelitian ini sebanyak 16 perusahaan dengan menggunakan purposive sampling . Metode pengumpulan data yaitu metode kepustakaan, metode dokumentasi dan research gap. Metode analisis data yaitu uji asumsi klasik, uji path analysis, uji sobel tes dan uji t. Pengolahan data dengan SPSS 22. Hasil persamaan yaitu Sub-Struktural 1 yaitu DER = -0,601 – 0,073 DPR + 0,996 dan persamaan Sub-Struktural 2 yaitu PBV = 2,413 + 0,622 DPR + 0,558 DER + 0,8763. Hasil penelitian ini: 1). Kebijakan Dividen (DPR) berpengaruh positif dan signifikan terhadap Nilai Perusahaan (PBV). 2). Kebijakan Hutang (DER) berpengaruh positif dan signifikan terhadap Nilai Perusahaan (PBV). 3). Kebijakan Dividen (DPR) tidak berpengaruh dan tidak signifikan terhadap Kebijakan Hutang (DER). 4). Kebijakan Hutang (DER) tidak mampu memediasi Kebijakan Dividen (DPR) terhadap Nilai Perusahaan (PBV).","PeriodicalId":145379,"journal":{"name":"Sains: Jurnal Manajemen dan Bisnis","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122742596","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional Dan Kebijakan Hutang Terhadap Nilai Perusahaan (Studi Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Periode 2011- 2015)","authors":"Fella Eka Darmayanti, Fauji Sanusi","doi":"10.35448/jmb.v11i1.4284","DOIUrl":"https://doi.org/10.35448/jmb.v11i1.4284","url":null,"abstract":"The purpose of this study was to determine the effect of managerial ownership on firm value, to determine the effect of institutional ownership on the value of the company, to determine the policy of debt to firm value. In this study the method used to analyze is the method of library study and documentation study. While the research design used is basic research, causality, and quantitative. The sample of this study were 12 companies so that the data obtained were 60 data. The data used is secondary data. Data analysis uses classical assumption test, multiple regression, and partial test (t test). Based on the results of the analysis using IBM SPSS 22 software it is known that the role of dividend policy in mediating the value of the company using multiple linear regression equation is Y = 1.883 + 0.100KM + 0.393KI + (-4.210) DER + 0.224 which means that: 1) managerial ownership is influential positive for PBV with t count> t table (4.024> 1.67203) and sig value (0.000 0,05). 3) debt policy (DER) has a negative effect on PBV with -thitung> -table (-2.994> -1.67203) and sig value (0.004> 0.05).","PeriodicalId":145379,"journal":{"name":"Sains: Jurnal Manajemen dan Bisnis","volume":"336 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122427327","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Pengaruh Likuiditas Terhadap Kebijakan Dividen Dengan Profitabilitas Sebagai Variabel Intervening (Studi Empiris Perusahaan LQ 45 yang Terdaftar di BEI Periode 2011-2015)","authors":"Silviana Sapitri, Emma Suryani","doi":"10.35448/jmb.v11i1.4338","DOIUrl":"https://doi.org/10.35448/jmb.v11i1.4338","url":null,"abstract":"The aimed of this study is investigate whether the liquidity affect the dividend policy, using profitabilty is able to intervening variable. In this study, the dividend policy is measured by dividend payout ratio, liquidity measured by current ratio, and profitability measured by return on equity. In addition, the sample obtain from LQ 45 company, which are listed on the Indonesian Stock Exchange (IDX) from 2011-2015 and gathered 12 firms-years observation as sample with purposive sampling method. The analytical method are using outlier test, classic assumption test, partial test (t test) and path analysis. From hypothesis result by using t test and path analysis shos that: 1) liquidity don’t have a significant effect on profitability, 2) liquidity and profitability don’t have a significant effect on dividend policy; profitability can not be intervening the relationship of liquidity and dividend policy value.","PeriodicalId":145379,"journal":{"name":"Sains: Jurnal Manajemen dan Bisnis","volume":"91 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130892267","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"PENGARUH RASIO KEUANGAN TERHADAP PERTUMBUHAN LABA PADA PT KRAKATAU STEEL (PERSERO) TBK PERIODE 2010-2014","authors":"Ariani Dwi Yahya","doi":"10.35448/JMB.V11I1.4339","DOIUrl":"https://doi.org/10.35448/JMB.V11I1.4339","url":null,"abstract":"Analysis of financial reports is indispensable for the understanding of financial reporting information. The report laba-rugi, which listed the profit or loss that the company is one of the main financial statements of companies that reported results of activities within a certain period to profit while the balance sheet lists the source power company. This research aims to know the influence of current Ratio, total debt to total assets ratio, return on investment and total asset turnover against a profit growth of PT Krakatau Steel (persero) Tbk on 2010-2014 year, and aims to find out profit growth of PT Krakatau Steel (Persero) Tbk in 2010-2014. The methods used in this research is a case study of time series methods (timeframe, so that data can be found and a description of the relationships between variables). His variables independent variables namely divided on financial ratio (current ratio, total debt to total assets ratio, return on investment) and a dependent variable i.e. profit growth. Statistical test results or partial test shows the variable current ratio there is no influence between current ratio against the profit growth. Variable total debt to total assets ratio there is influence between the Total debt to total asset ratio against the profit growth. Variable return on investment there is no influence between return on investment against profit growth. Variable total asset turnover there was no influence between total asset turnover against profit growth at PT Krakatau Steel (Persero) Tbk 2010-2014 Period. It is also supported by the determination of the coefficient indicates that the increase and decrease of 85.7% profit growth can be explained by the magnitude of the financial ratios on the company. The remaining 14.3% is affected by other variables not in this study.","PeriodicalId":145379,"journal":{"name":"Sains: Jurnal Manajemen dan Bisnis","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129918293","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Effects Of Ownership Structures And Specific Characteristics On The Capital Structures Of Idx-Listed Banks","authors":"Imas Maesaroh","doi":"10.35448/jmb.v11i1.4317","DOIUrl":"https://doi.org/10.35448/jmb.v11i1.4317","url":null,"abstract":"The present study observes the effects of ownership structures and specific characteristics on the capital structures of banks listed in Indonesia Stock Exchange (IDX). The author finds that the ownership structures and bank-specific characteristics (e.g., profitability, size and credit risk) do not have significant partial effect on the capital structures, while expense management does. This is consistent with a strand of previous studies including Haruman ( 2008), Yuke and Hadri ( 2005), Rista and Bambang ( 2011), Siringoringo ( 2012) and (Imas, et al., 2015).","PeriodicalId":145379,"journal":{"name":"Sains: Jurnal Manajemen dan Bisnis","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121789359","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Peran Mediasi Minat Beli Pada Pengaruh Kepercayaan Merk Terhadap Keputusan Beli (Studi Pada Fakultas Teknik Universitas Muhammadiyah Tangerang)","authors":"Lutfi Lutfi, Hayatin Nupus","doi":"10.35448/JMB.V11I1.4324","DOIUrl":"https://doi.org/10.35448/JMB.V11I1.4324","url":null,"abstract":"This study aims to analyze the mediating effect of purchase intentions on the influence of brand trust on purchase decisions, studies at the Faculty of Engineering, University of Muhammadiyah Tangerang (FT-UMT). The sampling technique in this study with nonprobability sampling technique, whereas in determining the sample using accidental sampling technique. The population is all FT-UMT students with a total of 1817 students. The sample of respondents who will be analyzed in this study is 100 respondents. The findings of this study are the mediating effects of Purchase Intentions on Brand Trust Influence on Purchase Decisions. Future research is expected to examine the further effects of Purchase Decisions on Marketing Performance. The final part of this paper also discusses the implications of this study.","PeriodicalId":145379,"journal":{"name":"Sains: Jurnal Manajemen dan Bisnis","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115149944","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Prediksi Return Emerging Market di Indonesia Dan Malaysia","authors":"Ossi Ferli","doi":"10.35448/JMB.V10I2.4194","DOIUrl":"https://doi.org/10.35448/JMB.V10I2.4194","url":null,"abstract":"The purpose of this research is to models daily returns with conditional heterocedasticity to investigate the volatility of returns by using mean process model of AR(1) and comparing two conditional variance model EGARCH and GARCH (1,1) of Indonesia and Malaysia stock index market. The result of the research are EGARCH are a better predictor for return volatility of Indonesia and Malaysia.","PeriodicalId":145379,"journal":{"name":"Sains: Jurnal Manajemen dan Bisnis","volume":"60 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115263466","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Pengaruh Kompensasi Dan Motivasi Terhadap Kinerja Karyawan (Studi Kasus PT Indoraya Internasional di Yogyakarta)","authors":"F. Wibowo","doi":"10.35448/JMB.V10I2.4176","DOIUrl":"https://doi.org/10.35448/JMB.V10I2.4176","url":null,"abstract":"The purpose of this paper is to determine the effect of compensation and motivation on the performance of employees of PT Indoraya International. The research was done by spreading the quaterner, while the research method using Simple Random Sampling . The t test shows that the magnitude of t for compensation (X1) is 2.843 and the value of t arithmetic for motivation (X2) is 2,373. all of which show larger than t table is 1,984. so the hypothesis that states compensation and motivation have a positive effect partially on employee performance at Company PT Indoraya International, F test, F calculated> F table or 25.984> 2.70 or signification level (sig) 0.000 <0.05 so that the hypothesis that states compensation and work motivation together affect the employee's performance at Company PT Indoraya International and coefficient of determination indicate that compensation and work motivation contributed 37.7% to Employee Performance at PT.Indoraya International.","PeriodicalId":145379,"journal":{"name":"Sains: Jurnal Manajemen dan Bisnis","volume":"115 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117112895","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"THE USE OF DERIVATIVES AS FINANCIAL RISK MANAGEMENT INSTRUMENTS IN INDONESIAN MANUFACTURED COMPANIES","authors":"I. Purbasari","doi":"10.35448/JMB.V10I2.4202","DOIUrl":"https://doi.org/10.35448/JMB.V10I2.4202","url":null,"abstract":"","PeriodicalId":145379,"journal":{"name":"Sains: Jurnal Manajemen dan Bisnis","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130262092","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}