BALANCE: Economic, Business, Management and Accounting Journal最新文献

{"title":"Konstruksi Dimensi Intellectual Capital Dalam Mendukung Kinerja Dosen Perguruan Tinggi Muhammadiyah Di Sulawesi Selatan","authors":"Edi Jusriadi, M. Rusydi, Abdul Muttalib","doi":"10.30651/blc.v15i02.1781","DOIUrl":"https://doi.org/10.30651/blc.v15i02.1781","url":null,"abstract":"ABSTRACTHuman Resource Development in the micro context is characterized by a shift in the type of society, from industrial society based on tangible resourcement towards knowledge-based knowledge society, technology and information (intangibleresource) and the change of accounting reporting system from stewardship function to new paradigm more see that the financial statements serve as a source of information to take economic decisions by investors and creditors (main users) based on current value. So that the existence of employees in an organization is no longer viewed as a mere production factor but has become a human capital or long-term organizational assets.The purpose of this research is to construct the intellectual capital dimension so that found the concept and model of Human Resource performance development based on Intellectual Capital. The research population is lecturer and head of Muhammadiyah university in South Sulawesi with 158 samples chosen by multistage sampling through accidental technique using descriptive statistic method and Sturctural Equation Model (SEM) analysis.The research finds: 1) That to improve the lecturer's caturdharma performance, the role of human capital as one of the intellectual capital dimension needs to be improved through the development of IES-Q, and 2) the intellectual capital dimension has not all contribute directly in improving the performance of lecturer of Muhammadiyah University's lecturer South Sulawesi. Keywords                : Intellectual Capital, IES-Q, PTM, Performance Tridharma LecturerCorrespondence to : edipsdm@gmail.com. /edi.jusriadi@unismuh.ac.id ABSTRAK              Human Resource Development dalam konteks mikro ditandai terjadinya pergeseran tipe masyarakat, dari masyarakat industrialis yang berbasis tangible resourcemenuju  masyarakat berpengetahuanyang berbasis ilmu pengetahuan, teknologi dan informasi (intangibleresource) serta adanya perubahan sistem pelaporan akuntansi dari fungsi stewardship (pertanggungjawaban pengelola kepada pemilik) menuju paradigma baru yang lebih melihat bahwa laporan keuangan berfungsi sebagai sumber informasi untuk mengambil keputusan ekonomi oleh investor dan kreditor (pengguna utama) berdasarkan current value. Sehingga eksistensi pegawai dalam suatu organisasi tidak lagi di pandang sebagai faktor produksi semata tetapi sudah menjadi human capital atau asset organisasi yang bersifat jangka panjang.Tujuan penelitian adalah untuk mengkonstruksi dimensi intellectual capital sehingga ditemukan konsep dan model pengembangan kinerja Sumber Daya Manusia yang berbasis Intellectual capital. Populasi penelitian adalah dosen dan pimpinan Perguruan Tinggi Muhammadiyah di Sulawesi Selatan dengan jumlah sampel sebanyak 158 orang yang dipilih secara multistage sampling melalui Teknik accident dengan menggunakan metode statistik dekskriptif dan analisis Sturctural Equation Model (SEM).Hasil penelitian menemukan:1) Bahwa untuk meningkatkan kinerja caturdharma dosen","PeriodicalId":342761,"journal":{"name":"BALANCE: Economic, Business, Management and Accounting Journal","volume":"51 9-10","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120897848","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":"Tanggung Jawab Sosial Perusahaan Pada Industri Rokok","authors":"Ahmad Rizal Solihudin, Bagus Gumelar","doi":"10.30651/BLC.V15I02.1785","DOIUrl":"https://doi.org/10.30651/BLC.V15I02.1785","url":null,"abstract":"ABSTRACT This study aims to map and analyze the performance of corporate social responsibility in the cigarette industry. This is done to assess the extent of the cigarette industry's contribution to the social aspects with the company's value benchmark. This research is a quantitative research using content analysis method. The unit of analysis in this study is the annual report of tobacco companies listed on the BEI. The results showed that market valuation had a significant effect on the performance of the social responsibility of cigarette companies in Indonesia on aspects of labor and human rights. In addition, the distribution of social responsibility contributions was less optimal so there needed to be rules that technically direct the activities of tobacco companies so that the benefits are acceptable to all stakeholders optimally. Keywords : cigarette, stakeholder, social responsibility.Correspondence to : arsolihudin@gmail.com ABSTRAK               Penelitian ini bertujuan memetakan dan menganalisis kinerja tanggung jawab sosial perusahaan padaindustri rokok.Hal ini dilakukan untuk menilai seberapa jauh kontribusi industri rokok pada aspek sosial dengan tolak ukur nilai perusahaan. Penelitian ini merupakan penelitian kuantitatif dengan menggunakan metode analisis konten. Unit analisis dalam penelitian ini adalah laporan tahunan perusahaan rokok yang terdaftar pada BEI. Hasil penelitian menunjukkan bahwa penilaian pasar berpengaruh signifikan terhadap kinerja tanggung jawab sosial perusahaan rokok di Indonesia pada aspek tenaga kerja dan hak asasi manusia.Selain itu, pemerataan kontribusi tanggung jawab sosial kurang optimal sehingga perlu ada aturan yang secara teknis mengarahkan aktifitas tanggung jawab sosial perusahaan rokok agar manfaat dapat diterima semua stakeholder secara optimal.Kata kunci                   :rokok;stakeholder;tanggung jawab sosial.Korespondensi             : arsolihudin@gmail.com","PeriodicalId":342761,"journal":{"name":"BALANCE: Economic, Business, Management and Accounting Journal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128246150","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 Faktor-Faktor Lingkungan Kerja Internal Dan Pekerjaan Terhadap Motivasi Kerja Karyawan Pada PT. Warnatama Cemerlang Gresik","authors":"M. Firmansyah, Budi Wahyu Mahardhika","doi":"10.30651/BLC.V15I02.1782","DOIUrl":"https://doi.org/10.30651/BLC.V15I02.1782","url":null,"abstract":"ABSTRACT  Environmental factors that can affect employee work motivation are reliable, work environment factors and external work environment factors. Internal working environment factors include infrastructure, funding sources, control or supervision, procedures, supervision, working conditions, work climate and welfare.While the external work environment factors, including: science and technology, global environment, law, marketing, information, products and services / services. Based on multiple linear regression analysis it is known that internal work environment variables have a dominant influence on employee work motivation, it is seen from the value of multiple linear regression contribution and beta value of 0.424 one unit. Results calculation of multiple correlation coefficient of 0.714 this means that between the internal work environment and work simultaneously have a positive relationship to employee motivation. Coefficient of determination doubled (R2) that is equal to 0,510 which means that existence of rise and fall of work motivation of employees can be explained by internal work and work environment simultaneously equal to 51% and the remaining 49% explained other variables not examined in this research model. Keyword                     : Internal Working Environment, Work and Work MotivationCorrespondence to        : anangfirmansyah.61@gmail.com,budi.w.mahardhika@gmail.com ABSTRAKFaktor lingkungan yang dapat mempengaruhi motivasi kerja karyawan adalah faktor lingkungan kerja yang dapat diandalkan dan faktor lingkungan kerja eksternal. Faktor lingkungan kerja internal meliputi infrastruktur, sumber pendanaan, kontrol atau pengawasan, prosedur, pengawasan, kondisi kerja, iklim kerja dan kesejahteraan. Sedangkan faktor lingkungan kerja eksternal, termasuk: ilmu pengetahuan dan teknologi, lingkungan global, hukum, pemasaran, informasi, produk dan layanan / layanan. Berdasarkan analisis regresi linier berganda diketahui bahwa variabel lingkungan kerja internal memiliki pengaruh dominan terhadap motivasi kerja karyawan, hal ini dilihat dari nilai kontribusi regresi linier berganda dan nilai beta 0,424 satu unit. Hasil perhitungan koefisien korelasi berganda sebesar 0,714 ini berarti bahwa antara lingkungan kerja internal dan kerja secara simultan memiliki hubungan positif terhadap motivasi kerja karyawan. Koefisien determinasi dua kali lipat (R2) yaitu sebesar 0,510 yang berarti bahwa adanya naik turunnya motivasi kerja karyawan dapat dijelaskan oleh kerja internal dan lingkungan kerja secara bersamaan sebesar 51% dan sisanya 49% menjelaskan variabel lain yang tidak diteliti dalam model penelitian ini. Kata Kunci        : Lingkungan Kerja Internal, Motivasi Kerja dan KerjaKorespondensi  : anangfirmansyah.61 @ gmail.com, budi.w.mahardhika @ gmail.com","PeriodicalId":342761,"journal":{"name":"BALANCE: Economic, Business, Management and Accounting Journal","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122761197","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 Lingkungan Kerja Dan Kompensasi Terhadap Kinerja Pada Divisi Laboratorium PT. Wings Surya","authors":"M. Harianto, M. Firmansyah, Rina Maretasari","doi":"10.30651/blc.v15i02.1784","DOIUrl":"https://doi.org/10.30651/blc.v15i02.1784","url":null,"abstract":"ABSTRACT PT. Wings Surya pays attention to the work environment and compensation to improve employee performance. This study examines the influence of the work environment (X1) and compensation (X2) on employee performance (Y) in the laboratory division of PT. Wings Surya. This study aims to determine the effect of the work environment and compensation on employee performance. This study uses a descriptive quantitative approach. Data collection methods used were distributing questionnaires and recording documents. Data analysis in this study uses multiple linear regression analysis which is processed using a computer with the SPSS 20 for Windows program. Based on the results of research testing can be drawn two conclusions that Work environment (X1) and compensation (X2) affect simultaneously (simultaneously) on employee performance in the laboratory division of PT. Wings Surya (Y) because the Fcount value is 51,548> Ftable 3,172. Among the work environment (X1) and compensation (X2) the more dominant variable significantly influences the employee's performance on the laboratory division of PT. Wings Surya is Compensation (X2) because the regression coefficient is biggest that is 0,481 .. Researcher suggest to Human Resources Department PT. Wings Surya pays attention to the work environment and compensation. In order for employees of laboratory division of PT. Solar Wings can improve their performance. Keywords : Performance, Work Environment and CompensationCorrespondence to : muhammadharianto@gmail.com, anang.firmansyah@fe.um-surabaya.ac.id,  rina.maretasari@fe.um-surabaya.ac.id ABSTRAK             PT. Wings Surya memperhatikan lingkungan kerja dan kompensasi untuk meningkatkan kinerja karyawan. Penelitian ini meneliti tentang pengaruh lingkungan kerja (X1) dan kompensasi (X2) terhadap kinerja karyawan (Y) pada divisi laboratorium PT. Wings Surya. Penelitian ini bertujuan untuk mengetahui pengaruh lingkungan kerja dan kompensasi terhadap kinerja karyawan. Penelitian ini menggunakan pendekatan kuantitatif deskriptif. Metode pengumpulan data yang digunakan adalah menyebarkan kuesioner dan mencatat dokumen-dokumen. Analisis data dalam penelitian ini menggunakan analisis regresi linier berganda yang diolah menggunakan komputer dengan program SPSS 20 for Windows. Berdasarkan hasil pengujian penelitian dapat ditarik dua kesimpulan yaitu Lingkungan kerja (X1) dan kompensasi (X2) berpengaruh secara bersama-sama (simultan) terhadap kinerja karyawan pada divisi laboratorium PT. Wings Surya (Y) karena nilai Fhitung 51,548 > Ftabel 3,172. Diantara lingkungan kerja (X1) dan kompensasi (X2) variabel yang lebih dominan secara signifikan pengaruhnya terhadap kinerja karyawan pada divisi laboratorium PT. Wings Surya adalah Kompensasi (X2) karena koefisien regresinya paling besar yaitu 0,481.. Peneliti menyarankan kepada bagian Human Resources Departement PT. Wings Surya memperhatikan lingkungan kerja dan kompensasi. Agar karyawan divisi laboratorium PT. Wings S","PeriodicalId":342761,"journal":{"name":"BALANCE: Economic, Business, Management and Accounting Journal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128349232","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":"Kualitas Pelayanan Dampaknya Terhadap Kepuasan Dan Loyalitas Pasien Rumah Sakit Muhammadiyah Palembang","authors":"Maftuhah Nurrahmi, Hardiansyah Al Fikri","doi":"10.30651/BLC.V15I02.1783","DOIUrl":"https://doi.org/10.30651/BLC.V15I02.1783","url":null,"abstract":"ABSTRACT               This research is formulated whether or not there was significant influence of service quality toward the patients’ satisfaction and loyality impact at mauhammadiyah hospital Palembang. This research was aimed at determining the significant influence of service quality toward the patients’ satisfaction and loyality impact at muhammadiyah hospital Palembang. This research type was such an associative. The research location was at muhammadiyah hospital of Palembang. There were 100 respondents used as sample of the research. The data sources were primary data and secondary data. To collect the data, the researcher used questionnaire. To analyze the data, the researcher used Structural Equation Model (SEM) for windows 8.70 version. The resuls showed that there was significant of service quality toward the patients’ satisfaction and loyality impact at muhammadiyah hospital Palembang. Keywords                   : service quality, patients’ satisfaction, loyality Correspondence to       : umiulul@gmail.com, ikhwanperindu@gmail.com  ABSTRAK               Rumusan masalah dalam penelitian ini yaitu 1) adakah pengaruh kualitas pelayanan  terhadap kepuasan pasien Rumah Sakit Muhamadiyah Palembang. 2) Adakah pengaruh kepuasan pasien terhadap loyalitas pasien Rumah Sakit Muhammadiyah Palembang. Tujuan penelitian ini 1) Untuk mengetahui pengaruh kualitas pelayanan terhadap kepuasan pasien Rumah Sakit Muhamadiyah Palembang. 2) Untuk mengetahui pengaruh kepuasan pasien terhadap loyalitas pasien Rumah Sakit Muhammadiyah Palembang. Jenis penelitian ini adalah asosiatif dengan tempat penelitian di rumah sakit Muhammadiyah Palembang. Penelitian ini menggunakan sampel sebanyak 100 responden. Data yang digunakan adalah primer dan sekunder, sedangkan teknik pengumpulan datanya adalah kuesioner. Adapun teknik analisis data yang dugunakan adalah Structural Equation Modelling (SEM) for windows versi 8.70. Hasil penelitian menujukkan bahwa 1) Kualitas pelayanan berpengaruh positif signifikan terhadap kepuasan pasien rumah sakit Muhammadiyah Palembang. 2) kepuasan pasien berpengaruh positif signifikan terhadap loyalitas pasien rumah sakit Muhammadiyah Palembang. Kata Kunci                  : Kualitas Pelayanan, Kepuasan Pasien, Loyalitas Pasein.Korespondensi             : umiulul@gmail.com, ikhwanperindu@gmail.com","PeriodicalId":342761,"journal":{"name":"BALANCE: Economic, Business, Management and Accounting Journal","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114582419","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 Kinerja Ekonomi, Non Ekonomi, Dan Nilai Personal Dalam Proses Pengambilan Keputusan Manajer","authors":"Rusdianto","doi":"10.30651/BLC.V15I02.1329","DOIUrl":"https://doi.org/10.30651/BLC.V15I02.1329","url":null,"abstract":"ABSTRACT  The purpose of research is to examine the impact of economic and noneconomic performance (environmental and social), information types, and personal value on manajer preference in evaluating project. The research employs experiment method for collecting data.138 students of economic and business participated  in the study. The hypothesis assumes that manager in evaluating project considers environmental and social information, information types, and personal value on manager preference in decision making. The result finds that manager consider environmental and social information, but the result fails to show benefit of information  types.  Personal  values  is  partially  support.  The  result  strengtened  previous research about benefit of environmental and social information by  manager. The implication of the result is its role importance of management accounting for identifying environmental and social information as part of company strategy.Keywords :  environmental  and  social  information,  economic information,  personal  value, stakeholderCorrespondence to       :  rusdianto@act.uad.ac.id ABSTRAK     Tujuan penelitian ini adalah menguji pengaruh informasi kinerja ekonomi dan nonekonomi (lingkungan dan sosial), bentuk-bentuk informasi lingkungan dan sosial, dan nilai personal pada preferensi keputusan manajer dalam evaluasi proyek. Penelitian ini menggunakan metode eksperimen, mahasiswa ekonomika dan bisnis sebagai partisipan. 138 mahasiswa berpartisipasi dalam penelitian ini. Hipotesis penelitian ini adalah bahwa manajer dalam mengevaluasi proyek bisnis mempertimbangkan informasi lingkungan dan sosial, mempertimbangkan bentuk informasi lingkungan dan sosial kuantitatif daripada kualitatif, dan nilai-nilai personal memengaruhi preferensi manajer dalam pengambilan keputusan. Hasil pengujian menunjukkan bahwa manajer mempertimbangkan informasi lingkungan dan sosial, tetapi gagal menunjukkan kebermanfaatan bentuk informasi kualitatif dan kuantitatif. Nilai personal terdukung sebagian dalam penelitian ini. Temuan pada penelitian ini memperkuat penelitian sebelumnya mengenai kebergunaan informasi lingkungan dan sosial dalam keputusan bisnis oleh pihak manajer internal. Implikasi lainnya adalah penekanan pada pentingnya  peran  akuntan  manajemen  dalam  mengidentifikasi  informasi  lingkungan  dan sosial sebagai bagian dari strategi perusahaan.Kata kunci : informasi lingkungan dan sosial, informasi ekonomi, nilai personal, pemangku kepentingan.Korespondensi :  rusdianto@act.uad.ac.id","PeriodicalId":342761,"journal":{"name":"BALANCE: Economic, Business, Management and Accounting Journal","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115413912","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":"Persepsi Mahasiswa Akuntansi Terhadap Pentingnya Akuntansi Forensik Sebagai Pengajaran Akuntansi Di Universitas ( Studi Kasus Pada Universitas Muhammadiyah Surabaya )","authors":"Andrianto, Rieska Maharani, Fitri Nuraini","doi":"10.30651/blc.v15i02.1786","DOIUrl":"https://doi.org/10.30651/blc.v15i02.1786","url":null,"abstract":"ABSTRACT  This study aims to explore the opinions of accounting students last semester regular morning and afternoon at the University of Muhammadiyah Surabaya regarding the perception of the importance of teaching curriculum Forensic Accounting in Indonesia. Student Accounting Forensic Accounting view that teaching is necessary and needs to be included in the curriculum of study Accounting. Both groups of respondents gave a special emphasis on the importance of teaching Forensic Accounting as part of efforts to eradicate corruption in Indonesia. The study also found that accounting students saw no serious obstacles in the implementation of Forensic Accounting in the accounting curriculum already now. Keywords                   : Forensic Accounting, Fraud, Accounting Curriculum.Correspondence to       : andrianto914@yahoo.com, rieskamaharani@gmail.com, ftr_account@yahoo.co.id ABSTRAK                Penelitian ini bertujuan untuk menggali pendapat mahasiswa akuntansi semester lalu reguler pagi dan sore hari di Universitas Muhammadiyah Surabaya mengenai persepsi pentingnya pengajaran kurikulum Forensik Akuntansi di Indonesia. Akuntansi Mahasiswa Akuntansi Forensik memandang bahwa mengajar itu perlu dan perlu dimasukkan dalam kurikulum studi Akuntansi. Kedua kelompok responden memberikan penekanan khusus pada pentingnya pengajaran Akuntansi Forensik sebagai bagian dari upaya untuk memberantas korupsi di Indonesia. Studi ini juga menemukan bahwa mahasiswa akuntansi tidak melihat kendala serius dalam pelaksanaan Akuntansi Forensik dalam kurikulum akuntansi sudah sekarang. Kata kunci : Akuntansi Forensik, Penipuan, Kurikulum Akuntansi.Korespondensi : andrianto914@yahoo.com, rieskamaharani@gmail.com, ftr_account@yahoo.co.id","PeriodicalId":342761,"journal":{"name":"BALANCE: Economic, Business, Management and Accounting Journal","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115906827","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":"Relevansi Cum-Dividend Date Dengan Perubahan Harga Saham Pada Sektor Manufaktur Di Bursa Efek Indonesia","authors":"A. Lestari, Alfi Arif, Bayu Wijayantini","doi":"10.30651/BLC.V15I02.1279","DOIUrl":"https://doi.org/10.30651/BLC.V15I02.1279","url":null,"abstract":"ABSTRACT  This study focuses on analyzing the stock price changes in the days around the cum-dividend date. Cum-dividend date is the date when the shareholdersare entitled to receive the dividend already declared, which will be paid on the pre-determined date. The sample of this study consists of 37 manufacturing companies that are continuously distributing dividends from 2014 to 2016. The results show stock prices tend to be higher on the cum-dividend date. The analysis onyear 2015 data shows that significant stock price differences were found only between the cum-dividend date and the first day after cum-dividend date. Different results are found for data of 2016, where significant stock price differences occur between cum-dividend date and day one, day two, and day three after cum-dividend date. The implication of the research result is that cum-dividend date has the potential to become one of investment strategy in capital market.Keywords                   : stock price, cum-dividend date, investment strategyCorrespondence to       : retsi_ayu@yahoo.co.id, alfi.rif@unej.ac.id, bayu@unmuhjember.ac.id ABSTRAK Penelitian ini berfokus pada kajian perubahan harga saham pada hari-hari di sekitar cum-dividend date. Cum-dividend date (hari dengan dividen) adalah tanggal ketika pemilik saham berhak untuk menerima dividen yang telah dinyatakan, yang akan dibayarkan pada suatu waktu. Sampel penelitian ini berjumlah 37 perusahaan manufaktur yang secara terus menerus membagikan dividen tahun 2014 sampai 2016. Hasil penelitian menunjukkan harga saham cenderung lebih tinggi pada cum-dividend date. Pada analisis terhadap data tahun 2015, perbedaan harga saham yang signifikan ditemukan hanya antara cum-dividend date dan hari pertama sesudah. Hasil berbeda ditemukan untuk data tahun 2016, dimana perbedaan harga saham yang signifikan terjadi antara cum-dividend date dan hari pertama, kedua, dan ketiga sesudah cum-dividend date. Implikasi hasil penelitian adalah cum-dividend date berpotensi untuk dijadikan sebagai salah satu strategi berinvestasi di pasar modal.Kata kunci                  : harga saham, cum-dividend date, strategi investasiKorespondensi             : retsi_ayu@yahoo.co.id, alfi.rif@unej.ac.id, bayu@unmuhjember.ac.id","PeriodicalId":342761,"journal":{"name":"BALANCE: Economic, Business, Management and Accounting Journal","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131054546","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}