Widyatama University :: Browsing by Author "Komariah, Siti"

Browsing by Author "Komariah, Siti"

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ANALISIS BEBERAPA FAKTOR YANG MEMPENGARUHI KEBIJAKAN DIVIDEN DAN PENGARUHNYA TERHADAP NILAI PERUSAHAAN PADA INDUSTRI BARANG KONSUMSI PERIODE 1994-2003
(Seminar Nasional Knowledge Management 2006, ITB dan Universitas Widyatama, 2006-08-05) Haruman, Tendi; Komariah, Siti
Dividend policy is one of the company function to reach the increasing of company value. Company should determine dividend policy in a good way because with it company can decide how many percent from company profit would be shared to the stock holders until the company target to increase prosperous ofstockholders can be full filled The purpose of this research is to know how far the dividend policy variable which are liquidity, profitability, risk, financing, investment and ownership simultaneously or partially to dividend policy and stock price company which are unite in consumers goods industry period 19942003. Population that used are 43 companies with 27 samples and after normality test had been done, the result only 8 companies. Research method used to reach that point is description method or systematically visual offact, characteristic or relationship inter phenomenon from the malleI' that is investigated then test hypothesis or variable relationship from statistic calculation by analyzed verivicative using double regret ions method. And to make it easier, Excel and SPSS are used in this research. Simultaneously test result show that variable dividend policy significantly influence to DPR 22,2%' Partially only liquidity, profitability, risk and investment variable significantly influence. Test result to stock price showed that significantly dividend policy variable simultaneously influence to stock price 23, I %. And partially, only financing, investment and ownership variable significantly influence to stock price. Test result of inter dependent variable showed that DPR is not influence significantly to stock price.
CEO POWER AND STOCK PRICE: An Emperical Study of Indonesia Automotive and Components Listing Firms
(International Journal of Psychosocial Rehabilitation, Vol.24, Issue 02, 2020) Gusni; Komariah, Siti; Puspitasari, Devy Mawarnie
Relationhip between CEO power and stock price is still an interesting issue in the literature of corporate finance. The purpose of this study is to indentifies the effect of CEO power on the firms stock pricing. The study also interested to show factors that investors rely on to take their investment decisions in the automotive and components firms listed in the Indonesian capital market. This research using secondary data gathered from the official website of Indonesia Capital Market. In the way to fulfill the research objective, this study using a panel data analysis method in which the sample was taken from 12 firms by using a purposive sampling technique. The research finding was denoted that CEO power has strong effect on the firms stock price. Our finding important for the investor as information and consideration in making invstment decisions.
THE DETERMINANTS OF STOCK PRICE: FUNDAMENTAL AND TECHNICAL VARIABLE
(Solid State Technology Volume: 63 Issue: 3, 2020) Rulloh, Akbar; Amelia; Sayida N, Adela; Kartawijaya, Adhiyudha Catur; Komariah, Siti
Indonesia is known as a rich country in natural resources, especially in the mining sector. The mining sector provides a high contribution to the sustainability of the country's economy and is also a major contributor to state revenue, especially non-tax revenue. However, market performance as measured by the mining industry's stock price is currently experiencing a downward trend. For this reason, the purpose of this study is to examine the factors that affect stock prices seen from the fundamental and technical approaches. Sampling was carried out by purposive sampling method and those that met the sample selection criteria were 37 companies engaged in the mining sector and were always listed on the Indonesia Stock Exchange (BEI) during the 2015-2019 period. The analysis technique used in this research is panel regression. Hypothesis testing uses the F-test and hypothesis testing uses the T-test. The results showed that only the variable Earning Per Share (EPS) and world oil prices have an effect on stock prices. Meanwhile, the variable Return on Assets (ROA), and Debt to Assets Ratio (DAR), and Trading Volume Activity (TVA) have no effect on stock prices.
THE DETERMINANTS OF STOCK PRICE: FUNDAMENTAL AND TECHNICAL VARIABLE
(Solid State Technology, 2020) Rulloh, Akbar; Amelia; N, Adela Sayida; Kartawijaya, Adhiyudha Catur; Komariah, Siti
Indonesia is known as a rich country in natural resources, especially in the mining sector. The mining sector provides a high contribution to the sustainability of the country's economy and is also a major contributor to state revenue, especially non-tax revenue. However, market performance as measured by the mining industry's stock price is currently experiencing a downward trend. For this reason, the purpose of this study is to examine the factors that affect stock prices seen from the fundamental and technical approaches. Sampling was carried out by purposive sampling method and those that met the sample selection criteria were 37 companies engaged in the mining sector and were always listed on the Indonesia Stock Exchange (BEI) during the 2015-2019 period. The analysis technique used in this research is panel regression. Hypothesis testing uses the F-test and hypothesis testing uses the T-test. The results showed that only the variable Earning Per Share (EPS) and world oil prices have an effect on stock prices. Meanwhile, the variable Return on Assets (ROA), and Debt to Assets Ratio (DAR), and Trading Volume Activity (TVA) have no effect on stock prices.
THE DETERMINANTS OF STOCK PRICE: FUNDAMENTAL AND TECHNICAL VARIABLE
(Solid State Technology, 2020) Rulloh, Akbar; Amelia; N, Adela Sayida; Kartawijaya, Adhiyudha Catur; Komariah, Siti
Indonesia is known as a rich country in natural resources, especially in the mining sector. The mining sector provides a high contribution to the sustainability of the country's economy and is also a major contributor to state revenue, especially non-tax revenue. However, market performance as measured by the mining industry's stock price is currently experiencing a downward trend. For this reason, the purpose of this study is to examine the factors that affect stock prices seen from the fundamental and technical approaches. Sampling was carried out by purposive sampling method and those that met the sample selection criteria were 37 companies engaged in the mining sector and were always listed on the Indonesia Stock Exchange (BEI) during the 2015-2019 period. The analysis technique used in this research is panel regression. Hypothesis testing uses the F-test and hypothesis testing uses the T-test. The results showed that only the variable Earning Per Share (EPS) and world oil prices have an effect on stock prices. Meanwhile, the variable Return on Assets (ROA), and Debt to Assets Ratio (DAR), and Trading Volume Activity (TVA) have no effect on stock prices.
THE EFFECT OF WORK ENVIRONMENT AND WORK CULTURE ON HEALTH EMPLOYEE SATISFACTION: A STIUDY ON PUSKESMAS
(International Journal of Psychosocial Rehabilitation, Vol. 24, Issue 1, 2020) Anggela, Flora Patricia; Wanta; Komariah, Siti
This study entitled the effect of the work environment and work culture on job satisfaction of health workers in Puskesmas employees in Kota Baru District. The purpose of this study is to find out and analyze the work environment, work culture and job satisfaction, to know and analyze the effects simultaneously and partially. The research design in this study uses descriptive survey and explanatory methods. In this study the population was all employees in the Kotabaru sub-district, amounting to 104 people and used as a sample in the study. The analysis model used is multiple linear analysis. The analysis design used is to use scale techniques, scale range analysis, correlation coefficient test, coefficient of determination test, t test, and F test. The results of the research analysis obtained the average value of respondents' responses regarding the work environment by 420.125 (353 - 436 = Good), this means that the work environment at the Community Health Center in Kota Baru District was considered good. the average value of respondents' responses regarding work culture was 420,125 (353 - 436 = Good), this meant that the work culture at the Puskesmas in Kota Baru District was considered good. the average value of respondents' responses regarding job satisfaction was 417.67 (353 - 436 = Satisfied), this meant that job satisfaction at the Puskesmas in Kota Baru District was considered satisfied. Fcount value of 11.471 with a significance value of 0,000 (0,000 <0.05). This means that the work environment and work culture simultaneously and significantly influence job satisfaction. tcount work environment is 1,616 with a significance level of 0.109 (0.109> 0.05), this means that partially the work environment has no significant effect on job satisfaction. The tcount of work culture is 3,732 with a significance level of 0,000 (0,000 <0,05), this means that work culture partially has a significant effect on job satisfaction.
FACTORS AFFECTING INITIAL RETURN IN COMPANIES THAT CONDUCT INITIAL PUBLIC OFFERING (IPO) ON INDONESIA STOCK EXCHANGE
(Solid State Technology Volume: 63 Issue: 4, 2020) Komariah, Siti; Ariyanti, Rika; Ibrahim, Wulan Noor; Pujilestari, Agnes; Zaki, Muhammad Haikal
Corporate firms that need more funding can have more corporate action firms called IPO. The IPO public initials (initial public initials) is the first public offering of shares or corporate bonds to the public or public. The IPO companies' performance is reflected in massive initials return. The company samples on this study totaled 204 companies during the 2014-2019 period. The analysis technique used in this research is linear regression with section cross data. Testing models using f-test and hypothetical testing using t-test. Research shows that variable profitability, the size of the enterprise and the age of the company reflect the initials return. Leverage does not affect an initial return.
FACTORS AFFECTING INITIAL RETURN IN COMPANIES THAT CONDUCT INITIAL PUBLIC OFFERING (IPO) ON INDONESIA STOCK EXCHANGE
(Solid State Technology, 2020) Komariah, Siti; Ariyanti, Rika; Ibrahim, Wulan Noor; Pujilestari, Agnes; Zaki, Muhammad Haikal
Corporate firms that need more funding can have more corporate action firms called IPO. The IPO public initials (initial public initials) is the first public offering of shares or corporate bonds to the public or public. The IPO companies' performance is reflected in massive initials return. The company samples on this study totaled 204 companies during the 2014-2019 period. The analysis technique used in this research is linear regression with section cross data. Testing models using f-test and hypothetical testing using t-test. Research shows that variable profitability, the size of the enterprise and the age of the company reflect the initials return. Leverage does not affect an initial return.
FUNDAMENTAL ANALYSIS TO AFFECT STOCK PRICE
(Solid State Technology Volume: 63 Issue: 3, 2020) Ichsani, Sakina; Komariah, Siti
This study aims to determine whether fundamental analysis or micro analysis using financial performance has an influence on stock prices. The financial performance used in this study is the liquidity ratio with the current asset as the proxy; the debt ratio using the debt to equity ratio; the proxies used in the turnover ratio are total asset turnover, net profit margin as a proxy for profitability ratios and market ratios with a proxy price to book value. The object of this study is companies listed in the Consumer Goods Industry on the Indonesia Stock Exchange for the period 2015-2019 with a sample of 29 companies. The results of the study show that financial performance affects stock prices with an effect of 56.13%. Partially, the liquidity ratio and debt ratio have a negative effect on stock prices, while the profitability ratio has a positive effect on stock prices. However, turnover ratios and market ratios have no effect on stock prices. Suggestions for this study are investors have to pay attention to the movement of ratios that affect stock prices, companies to maintain financial ratios that affect stock prices; other researchers add other variables such as macro analysis and industry analysis.
THE INFLUENCE OF AGENCY COST , INVESTMENT RISK, AND PROFITABILITY TO INVESTMENT DECISION
(Forum Manajemen Indonesia ke 4, Fakultas Ekonomi Universitas Islam Indonesia, 2012-11-13) Komariah, Siti; Suryopratomo, Bony; Wulandari, Deasy; Risbaya, Insani Septiani
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THE INFLUENCE OF CAPITAL STRUCTURE AND WORKING CAPITAL TURNOVER ON PROFITABILITY
(2013 SIBR Conference (Kuala Lumpur) on Interdisciplinary Business and Economics Research, Society of Interdisciplinary Business Research - Universitas Kualalumpur Business School, 2013-02-15) Suryopratomo, Bonny; Komariah, Siti
Telecommunication industry in Indonesia has been growing rapidly since 15 years ago. PT. Telkom Tbk (TLKM) for years has become the leader of the market. Now the situation has changed as many competitors came to compete with the market leader starting from PT. Indosat Tbk (ISAT) and PT. XL Axiata Tbl (EXCL) as the main competitors until PT. Bakrie Telecom (BTEL), PT. Smartfren Telecom Tbk (FREN), and PT. Inovisi Infracom (INVS). The competition among companies in telecommunication industry has made the profitability among them under question. From 2007 until 2011, profitability in telecommunication industry had decreased significantly. The objective of this research is to investigate the effect of capital structure and working capital turnover on profitability in telecommunication industry from 2007 until 2011. This research used four regression model: 1st model is to investigate the effect of capital structure factors on capital structure ; 2nd Population of this research is telecomunication companies listed in Indonesia Stock Exchange. The sampling method used in this research is purposive sampling and there are 5 companies which are suitable according to the criteria of the sample and two stage least squares (2 SLS) as the analysis method is to investigate the effect of capital structure and working capital turnover on profitability. The result of the 1st Model, all independent variables have no significant effect on dependant variable either silmutaneously or partially ; 2nd model, silmutaneously there is no effect on proftability but working capital turnover affect profitability partially.
THE INFLUENCE OF STOCK RETURN, INFLATION, AND OWNERSHIP STRUCTURE TO THE INVESTMENT RISK (The studied on manufacture industry which listed at Indonesian Stock Market 2003-2009 Period)
(Society Interdisciplinary Business and Economy Research Conference (SIBR) 2011, FE Tammasat University Bangkok, 2011-06-16) Komariah, Siti
Economic development in Indonesia is currently facing the risk increases even during the global financial crisis. The global financial crisis affects the economy of a country including Indonesia. The economic crisis in Indonesia have an impact on the declining performance of the company's fundamentals on the stock market. This degradation caused by a failure in risk management, especially the unsistematic risk. Many companies can’t manage they debt policy, investment decisions, earnings management, liquidity and ownership structure that has implications for the risk. The objective of this research is to investigate the effect of stock return, inflation and ownersip stucture to investment risk of Manufacturer Industries in 2003-2009. This research used fourmultiple regression model, and the models are: 1st model to investigate effect of the stock return factors to stock return ; 2nd model used to investigate effect of the inflation factors to the inflation ; 3rd model used to investigate effect of the ownership structure factors to the ownership structure ; 4th model used to investigate effect of the stock return factor, inflation as the regional monetary factor, and ownership structure factors to investment risk. Population of this research is manufacturing companies listed in BEI. The sampling method used in this research is purposive sampling and the results are 126 companies according to the criteria of the sample. Pooling data method and judgment sampling is used to collect the data and two stage least squares (2 SLS) as the analysis method. Base on the hypothesis test it can be summarized that all predictor have significant effect simultaneously. Result of the 1st Model, Only Investment and Profitability Effect to stock return partially ; 2nd model, SBI, KURS, and M2 effect to the inflation partially; 3rd model only Diividend Payout Ratio and Debt to Equaity Ratio Effected to Ownership Structure partially ; 4th model, only return variable significantly influence to Investment Risk partially.
THE INFLUENCE OF STOCK RETURN, INFLATION, AND OWNERSHIP STRUCTURE TO THE INVESTMENT RISK (The studied on manufacture industry which listed at Indonesian Stock Market 2003-2009 Period)
(Society Interdisciplinary Business and Economy Research Conference (SIBR) 2011, FE Tammasat University Bangkok, 2011-06-16) Komariah, Siti
Economic development in Indonesia is currently facing the risk increases even during the global financial crisis. The global financial crisis affects the economy of a country including Indonesia. The economic crisis in Indonesia have an impact on the declining performance of the company's fundamentals on the stock market. This degradation caused by a failure in risk management, especially the unsistematic risk. Many companies can’t manage they debt policy, investment decisions, earnings management, liquidity and ownership structure that has implications for the risk. The objective of this research is to investigate the effect of stock return, inflation and ownersip stucture to investment risk of Manufacturer Industries in 2003-2009. This research used fourmultiple regression model, and the models are: 1st model to investigate effect of the stock return factors to stock return ; 2nd model used to investigate effect of the inflation factors to the inflation ; 3rd model used to investigate effect of the ownership structure factors to the ownership structure ; 4th model used to investigate effect of the stock return factor, inflation as the regional monetary factor, and ownership structure factors to investment risk. Population of this research is manufacturing companies listed in BEI. The sampling method used in this research is purposive sampling and the results are 126 companies according to the criteria of the sample. Pooling data method and judgment sampling is used to collect the data and two stage least squares (2 SLS) as the analysis method. Base on the hypothesis test it can be summarized that all predictor have significant effect simultaneously. Result of the 1st Model, Only Investment and Profitability Effect to stock return partially ; 2nd model, SBI, KURS, and M2 effect to the inflation partially; 3rd model only Diividend Payout Ratio and Debt to Equaity Ratio Effected to Ownership Structure partially ; 4th model, only return variable significantly influence to Investment Risk partially.
MACROECONOMICS AND NET ASSET VALUE (NAV) ON EQUITY MUTUAL FUNDS
(International Journal of Psychosocial Rehabilitation, Vol.24, Issue 02, 2020) Komariah, Siti; Amalia, Shendy; Suhardi, Agatha Rinta
The number of equity mutual funds in Indonesia continues to grow. The increase in the number of equity mutual funds pushed the net asset value (NAV) up 7.9 percent from the end of 2017. However, the development of the number of equity mutual funds was not followed by an increase in Net Asset Value per Participation Unit (NAB / UP). During the first semester of 2017 the equity mutual fund industry's performance showed a downward trend. The purpose of this study was to determine the effect of the Composite Stock Price Index (IHSG), Inflation, Interest Rates and Exchange Rates on Net Asset Value Per Unit Participation in Equity Mutual Funds in Indonesia in 2013-2017. This research sample consisted of 70 equity mutual funds that were actively traded during the study period which were taken using Purposive Sampling. The research method used is the description of analysis using multiple linear regression. Based on data processing, the results are obtained that only the exchange rate has an influence on the Price of Equity Mutual Funds, while the IHSG (NAB / UP), Inflation and Interest Rates have no effect on the Price of Equity Mutual Funds.
PENGARUH KEPUTUSAN KEUANGAN TERHADAP NILAI PERUSAHAAN BERDASARKAN STRATA STRUKTUR KEPEMILIKAN (Studi Pada Industri Manufaktur Periode 1994-2003)
(Departemen Manajemen Fakultas Ekonomi dan Manajemen IPB, 2006-09-16) Haruman, Tendi; Komariah, Siti; Wijaya, John Henry
Manajemen perusahaan melalui peran Chief Financial Officer mempunyai tujuan untuk meningkatkan nilai perusahaan. Hal ini dicapai melalui implementasi keputusan keuangan yang terdiri dari financing decision, investment decision dan dividend policy. Penelitian ini menjelaskan pengaruh keputusan keuangan tersebut terhadap nilai perusahaan pada berbagai strata struktur kepemilikan. Struktur kepemilikan dalam penelitian ini dibagi menjadi dua strata, yaitu dominan (lebih besar dari 25%) dan moderat (5%-25%). Penelitian ini mengambil objek perusahaan industri manufaktur, dim ana industri ini merupakan emiten yang paling dominan yang tercatat di PT. Bursa Efek Jakarta,. Adapun metode penelitian yang digunakan adalah metode ex post facto, sedangkan metode analisis yang digunakan adalah metode Regresi Linier Berganda. Dari hasil penelitian diketahui bahwa pada strata kepemilikan dominan, keputusan keuangan berpengaruh signifikan terhadap nilai perusahaan. Sedangkan pada strata kepemilikan moderat, keputusan keuangan tidak berpengaruh terhadap nilai perusahaan. Berdasarkan temuan ini disarankan bahwa emiten sebaiknya melepas kepemilikan saham lebih dari 25% agar pasar merespon positifsehingga nilai perusahaan meningkat.
PENGUKURAN EFISIENSI KINERJA DENGAN METODE STOCHASTIC FRONTIER APPROACH PADA PERBANKAN SYARIAH
(Jurnal Bisnis & Manajemen, Fakultas Ekonomi Universitas Lampung, 2011-01) Gumilar, Ivan; Komariah, Siti
RETURN SAHAM, INFLASI, DAN STRUKTUR KEPEMILlKAN TERHADAP RlSlKO INVESTASI
(Jurnal Keuangan dan Perbankan , Universitas Merdeka Malang, Volume 15, Nomor 3, 2011-09) Komariah, Siti; Julenah; M. chudori
The economic crisis in Indonesia had an impact on the declining performance of the company'sfindamentals on the stock market. This degradation was caused by a failure in risk management, especially the unsystema tic risk. Many companies could not manage their debt policy, investment decision, earnings management, liquidity, and ownership structure that had implications for the risk. The objective of this research was to investigate the effect of stock return, inflation and ownersip stucture to investment risk of manufacturer industries in 2003-2009. Population of this research was manufacturing companies listed in BEI. The sampling method used in this research was purposive sampling and the results were 126 companies based on the criteria of the sample. Polling data method and judgment sampling were used to collect the data and two stage least squares (2 SLS) were as the analysis method. Based on the hypothesis test, it could be summarized that all predictors had a significant eflect simultaneously. Result of the I" model showed that only investment and profitability effect to stock return partially ; 2" model, SBI, KURS, and M2 had an effect to the inflation partially; 3* model was only dividend payout ratio and debt to equity ratio effected to ownership structure partially; 4" model showed that only return variable signijicantly influenced to investment risk partially.
STOCK EXCHANGE COINTEGRATION IN DEVELOPED AND DEVELOPING COUNTRIES IN ASIA DURING THE COVID-19 PANDEMIC
(WIBEST-II, 2021) Komariah, Siti; Mulyani, Isti Sri; Afriandi, Faisal; Indriani, Putri; Septiana, Antia Elsa
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YIELD TO MATURITY: INFLATION, INTEREST RATES, PROFITABILITY, LEVERAGE, MATURITY AND SUKUK SUKUK RATING
(Journal of Advanced Research in Dynamical & Control Systems, Vol. 11, 03-Special Issue, 2019) Komariah, Siti
Yield to Maturity (YTM) is an important indicator that investors need to consider in investing in sukuk.The purpose of this study is to determine the effect of inflation, interest rates, profitability, leverage, maturity and sukuk rating on sukuk Yield to Maturity (YTM) in companies that issue Shariabond (sukuk) which are listed on the Indonesia Stock Exchange (IDX) during the period 2015 - 2017. There are 17 types of sukuk used as research through purposive sampling method. This study uses multiple regression analysis to test the hypothesis. The results of this study indicate that the variable inflation, interest rates, leverage, maturity and sukuk rating have a significant effect on Yield to Maturity (YTM). Only variable profitability does not affect Yield to Maturity (YTM). This is evidenced by the magnitude of the influence of inflation, interest rates, profitability, leverage, maturity and sukuk rating on Yield to Maturity (YTM) of 69.64%, while the remaining 30.36% is influenced by other factors not measured in this study.

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