Annisa Putri Caesari_19315409417

ANALISIS PENGARUH CORPORATE GOVERNANCE, CORPORATE SOCIAL RESPONSIBILITY, DAN CORPORATE FINANCIAL PERFORMANCE PERUSAHAAN INDEKS KOMPAS100

 Annisa Putri Caesari

Abdul Kohar Irwanto

Muhammad Syamsun

Pasca Sarjana Ilmu Manajemen Institut Pertanian Bogor

Jl. Raya Darmaga, Bogor, Jawa Barat 16680

annisaputricaesari@yahoo.com

Abstract

The operational activities of a company are conducted to maximize the profits of shareholders. But besides that, the company also has an obligation to give contribution to society. To accommodate the goals and the obligations of the company, systems called Corporate Governance (CG) and Corporate Social Responsibility (CSR) can be applied. The implementations of CG and CSR are related because CSR is the consequence of applying CG. Besides CG and CSR are related one another, CG and CSR also linked to Corporate Financial Performance (CFP). A research was conducted on one hundred companies listed in Kompas100 index in order to know the relation among the implementation of CG, the exposure of CSR, and CFP. Analysis to know the relation of three variables was conducted using analysis of structural equation modeling (SEM). The result shows that the implementation of CG positively influenced to the exposure of CSR. Nevertheless, the implementation of CG is negatively nfluenced to the CFP. Similarly, the exposure of CSR is negatively influenced to the CFP. Due to the influence CG to CFP and the influence CSR to CFP is negative, implementation of CG is also influence negatively to the CFP through the disclosure of CSR as a moderating variable.

Keywords: CG, CSR, CFP

19315409417_Annisa Putri Caesari (Full Text)

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Dedhy Sulistiawan_19315400408

REAKSI ASIMETRI ATAS SINYAL BELI DAN JUAL ANALISIS TEKNIS: PENGUJIAN BIAS KONFIRMASI SEBELUM PENGUMUMAN LABA*

Dedhy Sulistiawan

Jurusan Akuntansi Fakultas Bisnis dan Ekonomika Universitas Surabaya

dedhy@ubaya.ac.id

 ABSTRACT

The main purpose of this study is to examine asymmetry reaction on buying and selling technical analysis signal before earnings announcements. Behavioral finance theory is used in explaining why confirmation bias stimulates asymmetry reaction to stock return. To support that idea, this article uses technical analysis as an important feature in testing confirmation bias. Using Indonesian stock market data, the results show that technical analysis signal produce higher return in buying signal than selling signal. Investors give different attention in anticipating technical analysis signal around earnings announcements. This finding contributes to behavioral finance and technical analysis studies.

Keywords: Technical analysis, asymmetry reaction, confirmation bias, and earnings announcements.

19315400408_Dedhy Sulistiawan (Full Text)

Sutrisno_193418430

PERBANKAN SYARIAH:  ANTARA IDEALISME DAN OPORTUNISME

Studi Kasus pada Perbankan Syariah di Indonesia

SUTRISNO

Program Pascasarjana Fakultas Ekonomi

Universitas Islam Indonesia – Yogyakarta

sutrisno_uii@yahoo.com

ABSTRACT

 There are two motives establishment of Islamic banks in Indonesia, first established with the aim to develop the Islamic financial institutions (idealistic group). Second, Islmaic banks founded because there is profitable business opportunities (opportunistic group). The purpose ofthis study was to examine whether there are differences in performance between the idealistic Islamic banking group with opportunistic group. Variables in this study are financing, banking risk and profitability of Islamic banking. The populationin this study were all Islamic banks in Indonesia that divided into idealist goup and opportunist group. The results showed that financing by the opportunist group dominated by financing based on profit margin concept or trade concept, while the financing portion of idealist group provides the finiancing base on profit sharing concept. In terms of risk aspect, there is a significant difference in liquidity risk (FDR) and operating risk (BOPO) between groups of idealists by opportunists, while the risk capital(CAR) and risk financing (NPF) the difference was not significant. From the aspect of profitability, there are significant differences between idealist group and opportunists group.

Keywords: idealists group, opportunists group, profit sharing, trade concpt, the banking risk

19315418430_Sutrisno (Full Text)

Gatot Nazir Ahmad_19315431438

Determinan Profitabilitas Bank : Studi Kasus Pada Bank Pembangunan Daerah

Gatot Nazir Ahmad

jurusan Manajemen Fakultas Ekonomi Universitas Negeri Jakarta

Gd RA Kartini Lantai 8 Komplek IKIP Rawamangun Muka 13220

Email: gatot11510@yahoo.com

Abstract

This research has purpose to analyze determinants that affect State Development Bank’s (BPD) profiitability. This research is inspired by Bank Decree, State Bank Regulation and State Autonomy Decree when doing ths research. By using panel data analysis, random effect, we find that almost all determinants have predicted sign accordingly and statistically significant.

Keywords: BPD, panel data, random effect, bank decree.

19315431438_Gatot Nazir Ahmad (Full Text)

 

Syaiful Anwar_19315439449

Competitive Strategy of Banking Industry  (Studies in Bengkulu Province)

 Syaiful Anwar.AB

gahenodi@yahoo.com

Lecturer of Management StudiesFaculty of Economics and Business, University of Bengkulu

Abstract

The purpose of this study examines the competitive strategies tested the banking industry in the province of Bengkulu. Issues raised in this study is the extent the competitive strategy of banking and can ultimately increased customer. The aim to be achieved is to know what strategies can be applied. The analysis tool is to use qualitative paradigm mapping descriptive with banks in the province of Bengkulu with cluster analysis. Data collection method used in this study was secondary data collection and in-depth interviews. The results of this study conducted that the application of competitive strategy of Bank Rakyat Indonesia, Bank Mandiri, Bank Bengkulu and market penetration strategy was by opening a branch office network and cash office assistant sub-district area are yielded  positive results. From the aspect of services offered, the customer feels that the diversification of services has been able to meet customer needs. The aspect of competitive strategy, distribution aspects of a positive assessment, especially the ease of access, is felt more quickly. Customers feel that the branch offices is still lack, particularly for the Bank are classified as market followers. Customers feel that the promotion is still lacking, particularly those Bank whose branches or cash office in the area. The  strategy  that may be used is a segmentation strategy, developing target market, and positioning.

Keywords: competitive strategy, penetration, segmentation, targeting and positioning

19315439449_Syaiful Awar AB (Full Text)

Adinoto_19315450462

PENGARUH INTERNET BANKING, KUALITAS LAYANAN, REPUTASI PRODUK, LOKASI, TERHADAP LOYALITAS NASABAH DENGAN INTERMEDIASI KEPUASAN NASABAH

ADINOTO NURSIANA

STIE Wiyatamandala

Paramount Skyline Tower D, Jalan Boulevard Gading Serpong,

Tangerang, 15810

Email : adinoto_n@yahoo.com

 ABSTRACT

Customer loyalty is one of the important factor that affect the growth of the bank.  This research examined  the effect of internet banking, service quality, reputation, product, and location  on customer loyalty with the intermediation  customer satisfaction. As analycal tool in this research is using software LISREL 8.80.Result from  this research. first, internet banking has a negative and not significant impact on customer satisfaction and customer layalty,  second, service quality, reputation, product, and location  have a positif and significant impact on customer satistaction, but its have a negative and not significant impact on customer layalty, third, customer satisfaction has a negative and not significant impact on customer loyalty.  So as to enhance customer loyalty, banks need to provide the best relationship between bank’s marketer and customer.

Keyword : Internet banking, Service quality, reputation, product, location,  customer satisfaction,and customer loyalty.

19315450462_Adinoto Nursiana (Full Text)

Tien Yustini_19315463474

PENGARUH SUKU BUNGA, JUMLAH PERUSAHAAN DAN PERTUMBUHAN EKONOMI TERHADAP PENYALURAN KREDIT MODAL KERJA BAGI UMKM DI SUMATERA SELATAN

 Tien Yustini

yustini28470@yahoo.com

 SEKOLAH TINGGI ILMU MANAJEMEN AMKOP PALEMBANG

Jalan Letnan Murod No. 55, Talang Ratu KM 5, Palembang 30127

 Abstract

To develop micro, small and middle bussiness (MSMB) depend on Working Capital Credit (WCC). WCC depends on interest rate, the amount of company and economic growth. This study aimed to analize the effect of interest rate, the amount of company and economic growth on Working Capital Credit of MSMB in South Sumatera. To process the data used instrument statistic program of Eviews 7.2 application that will give numeric output. This study used pooled data regression test with Ordinary Least Square (OLS) and using two estimation approaches: Fixed Effect model and Random Effect model. Besides, to examines the two models, it was used Hausman Test. The result showed that interest rate has positive influence to MSMB in villages/cities in South Sumatra Province with amount of interest rate 0.311346 and probability 0.0245 because the interest rate at that time was subsidized by government, so eventhough the interest rate was high people did not get trouble to borrow money in the bank. Economic growth has positive and significant influence to MSMB as amount 1.077473 because if economic growth increases so people income will increase, then the consume will increase and the output will increase too.

 Keyword : interest rate, amount of firm, economic growth

19315463474_Tien Yustini (Full Text)