PENGARUH RISIKO LIKUIDITAS DAN LEVERAGE TERHADAP KINERJA BANK YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2010--2015

This empirical study aims for examining the influence of liquidity risk on bank performance from the period 2010 to 2015 listed on Indonesia Stock Exchange. The measurement of liquidity risk will involve deposits or third-party fund, cash, and liquidity gap whereas the leverage will involve total debts to total assets as the independent variables. Meanwhile, the dependent variables of this study involve ROA and Tobin’s Q. This study was conducted under the purposive sampling method which involved 22 banks as samples. This study also used a panel data regression method and three testing models, including Common Effect Model, Fixed Effect Model, and Random Effect Model. The findings suggest a positive and significant influence of the third-party fund on ROA and Tobin’s Q. In contrast, the liquidity gap has a negative and significant influence on ROA and Tobin’s Q. Besides, the findings also suggest a positive and significant influence of cash on ROA and negatively significant on Tobin’s Q. The leverage has negative and significant influence on ROA and positively significant on Tobin’s Q.

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Do Gender and Education Matter for Company Financial Performance? Evidence from Indonesian Companies

JURNAL MANAJEMEN DAN KEWIRAUSAHAAN ◽

10.26905/jmdk.v9i1.5801 ◽

2021 ◽

Vol 9 (1) ◽

pp. 14

Author(s):

Adam Zakaria ◽

Suherman Suherman ◽

Agung Dharmawan Buchdadi ◽

Sukma Andika Rahmayanti ◽

Muhammad Edo Suryawan Siregar

Keyword(s):

Financial Performance ◽

Stock Exchange ◽

Random Effect ◽

Gender Diversity ◽

Random Effect Model ◽

Further Education ◽

Company Performance ◽

Tobin’S Q ◽

Tobin's Q ◽

Return On Equity

This research is aimed to investigate the influence of gender diversity and educational level in board of commissioner on the performance of non-financial company listed in Indonesia Stock Exchange for 2013-2017 period. Gender diversity as the first research variable was measured by female existence as the head of commissioner, female existence on board of commissioner and its proportion. Meanwhile, education level of female in board of commissioner as the second variable was measured with dummy 1 for master and doctoral graduate and 0 for other levels. Next, the company performance variable is proxied with a return on assets (ROA), return on equity (ROE), and Tobin’s Q. The model employed in this research was an unbalanced data panel using fixed and random effect model approach. The results show that gender diversity has a significant impact on ROA, but an insignificant impact on ROE and Tobin’s Q. Further, education does not have a significant impact on financial performance. In general, board characteristics do not have an important role in determining financial performance.

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Nilai Pasar, Aset Tetap, Profitabilitas, Struktur Modal dan Nilai Perusahaan pada Perusahaan yang Melakukan IPO di Tahun 2013

Jurnal Manajemen Bisnis dan Kewirausahaan ◽

10.24912/jmbk.v1i1.4762 ◽

2019 ◽

Vol 1 (1) ◽

pp. 133

Author(s):

Matilda Matilda

Keyword(s):

Capital Structure ◽

Firm Value ◽

Stock Price ◽

Random Effect ◽

Random Effect Model ◽

Market Value ◽

Fixed Effect Model ◽

Tobin’S Q ◽

Tobin's Q ◽

Effect Model

This research aims to find out financial performance of firms that conduct an IPO of shares in the year of 2013 which are listed in the Indonesian Capital Market (Bursa Efek Indonesia) for observation period 2013 until 2016, using Tobin’s Q model. To get the value of Tobin’s Q, data are collected form internet, such as financial statement and closing stock price. Companies with highest Q value (overvalued condition) illustrates that the company has high investment growth. Which variations are influenced by variations of free variables such as market value, tangibility, profitability, and capital structure. The specific uniqueness is emperical data are generally applied for IPO-firms. Because IPO is a phenomenon of the early phase of growth. This research conducted by using Eviews 8. Model 1 uses random effect model. Model 2 uses fixed effect model. The conclusion of this research is that market value, tangibility dan profitability have significant influence for capital structure. Futhermore, firm value would be more fit with capital structure as compared to profitability. Because profitability of firms that conduct an IPO of share is negative.

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Analisis Pengaruh Kepemilikan Blockholder, Kepemilikan Manajerial, Kepemilikan Institusional, dan Komite Audit terhadap Nilai Perusahaan

INDONESIAN JOURNAL OF ACCOUNTING AND GOVERNANCE ◽

10.36766/ijag.v2i1.10 ◽

2018 ◽

Vol 2 (1) ◽

pp. 96-121

Author(s):

Iwan Wirawardhana ◽

Meco Sitardja

Keyword(s):

Firm Value ◽

Audit Committee ◽

Stock Exchange ◽

Random Effect ◽

Random Effect Model ◽

Institutional Ownership ◽

Managerial Ownership ◽

Estimation Model ◽

Effect Model ◽

Positive Effect

The aim of this study is to analyse the effect of Blockholder Ownership, Managerial Ownership,Institutional Ownership, and Audit Committee towards Firm Value. The background of this research isthe agency theory and ownership theory. The population in this study are 46 property companies listedon the Indonesia Stock Exchange (IDX) for the period 2012-2016. By using purposive samplingtechnique, 35 companies are qualified as data samples. This research uses the random effect model asthe estimation model and multiple regression as the method of analysis. The results of this study showsthat Institutional Ownership has a positive effect on Firm Value. Meanwhile, Blockholder Ownership,Managerial Ownership, and Audit Committee have no effect on Firm Value. Moreover, the F-testimplies that the variables, blockholder ownership, managerial ownership, institutional ownership, andaudit committee, simultaneously influence firm value.

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PENGARUH VARIABEL MAKROEKONOMI TERHADAP DANA PIHAK KETIGA BANK UMUM SYARIAH DI INDONESIA

Jurnal Muara Ilmu Ekonomi dan Bisnis ◽

10.24912/jmieb.v4i1.7299 ◽

2020 ◽

Vol 4 (1) ◽

pp. 164

Author(s):

Muhammad Dzulfaqori Jatnika

Keyword(s):

Interest Rates ◽

Commercial Banks ◽

Random Effect ◽

Random Effect Model ◽

Least Square ◽

Third Party ◽

Ordinary Least Square ◽

Effect Model ◽

Per Capita ◽

The Right

Tujuan penelitian ini adalah menganalisis pengaruh faktor makroekonomi yaitu nilai tukar, inflasi, suku bunga, dan GDP per kapita terhadap dana pihak ketiga di bank umum Syariah. Penelitian ini merupakan penelitian kuantitatif dengan data sekunder yang berupa data panel. Teknik analisis yang digunakan adalah metode analisis linier berganda Ordinary Least Square (OLS). Hasil uji Hausman menunjukan model yang tepat dalam penelitian ini adalah random effect model. Semua variabel signifikan, variabel inflasi dan nilai tukar memiliki pengaruh positif sedangkan variabel suku bunga dan GDP per kapita memiliki pengaruh yang negatif terhadap dana pihak ketiga di bank umum Syariah. Hasil penelitian ini memiliki implikasi bagi para pelaku usaha perbankan untuk menentukan waktu yang tepat dalam menarik dan menyalurkan dana pihak ketiga dari masyarakat. Dan dapat menjadi acuan untuk mengeluarkan kebijakan terkait bisnisnya. Dan bagi peneliti selanjutnya dapat menjadi acuan untuk mengembangkan kembali penelitian berikutnya. Pada penelitian selanjutnya diharapkan dapat menambah variabel-variabel terkait lainnya selain variabel yang telah diteliti dalam penelitian ini. Kebaruan dalam penelitian ini adalah tambahan variabel yang mempengaruhi dana pihak ketiga dan juga tambahan sampel bank umum Syariah sehingga diharapkan penelitian ini lebih mendalam daripada penelitian sebelumnya. The purpose of this study is to analyze the influence of macroeconomic factors, namely the exchange rate, inflation, interest rates, and GDP per capita on third party funds in Islamic commercial banks. This research is a quantitative study with secondary data in the form of panel data. The analysis technique used is the Ordinary Least Square (OLS) multiple linear analysis method. The Hausman test results showed the right model in this study was the random effect model. All variables are significant, inflation and exchange rates have a positive effect while interest rates and GDP per capita have a negative effect on third-party funds in Islamic commercial banks. The results of this study have implications for banking businesses to determine the right time in attracting and channelling third party funds from the public. And can be a reference for issuing policies related to business. And for further researchers can be a reference to develop further research. In the next research, it is expected to be able to add other related variables besides the variables that have been examined in this study. The novelty in this study is the addition of variables that affect third party funds and also additional samples of Islamic commercial banks so that this research is expected to be more in-depth than previous research.

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PENGARUH KEPEMILIKAN INSTITUSIONAL, INTELLECTUAL CAPITAL, DAN LEVERAGE TERHADAP FINANCIAL DISTRESS

JAF- Journal of Accounting and Finance ◽

10.25124/jaf.v2i2.2125 ◽

2019 ◽

Vol 2 (2) ◽

pp. 27

Author(s):

Saskhia Irving Maest Purba

Keyword(s):

Intellectual Capital ◽

Financial Distress ◽

Stock Exchange ◽

Random Effect ◽

Random Effect Model ◽

Sampling Technique ◽

Institutional Ownership ◽

Effect Model ◽

Panel Data Regression ◽

Data Regression

The purpose of this study is to determine the influence of institutional ownership (KI), intellectual capital (IC) and Leverage (DER) to financial distress (Springate) financial distress condition. Independent variables in this study are institutional ownership (KI), intellectual capital (IC) and Leverage (DER) and financial distress (Springate) partially or simultaneously. Population in this study is Manufacture companies’s sector listed on Indonesia Stock Exchange in 2014-2017. The sampling technique was using purposive sampling, obtained 128 sample data and use Panel data regression analysis using software Eviews 10. Random effect model was chosen after 3 regression panel test. Simultaneously, all the independet variables have significant effect to dependent variable (financial distress). Partially intellectual capital (IC) have negative significant effect with to financial distress. Leverage (DER) have positive significant effect to financial distress. But institutional ownership (KI) have no significant effect to financial distress. Keyword: Financial distress, Institutional Ownership, Intellectual Capital, Leverage

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FAKTOR DETERMINAN AUDIT REPORT LAG PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2017-2019

JOURNAL OF APPLIED MANAGERIAL ACCOUNTING ◽

10.30871/jama.v5i2.3053 ◽

2021 ◽

Vol 5 (2) ◽

pp. 132-141

Author(s):

Zulfa Rosharlianti

Keyword(s):

Financial Distress ◽

Stock Exchange ◽

Random Effect ◽

Random Effect Model ◽

Manufacturing Companies ◽

Audit Report ◽

Investment Opportunity ◽

Analysis Techniques ◽

Effect Model ◽

Independent Variable

This study aims to determine the description and determinants of audit report lag factors in manufacturing companies listed on the Indonesia Stock Exchange in 2017-2019. The research independent variable is financial distress, investment opportunity and KAP reputation, while the dependent variable is audit report lag. Samples were taken through purposive sampling, in order to obtain a number of 31 companies. Data analysis techniques used multiple linear regression panel data Random Effect Model. The results of this study are that together financial distress, investment opportunity and KAP reputation have a significant effect on audit report lag. Partially, financial distress has no effect on the audit report lag, investment opportunity has no effect on the audit report lag, and the reputation of KAP has no effect on the audit report lag.

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Analisis Pengaruh Profitabilitas, Likuiditas dan Struktur Modal Terhadap Nilai Perusahaan Perbankan yang Terdaftar Di Bursa Efek Indonesia (BEI) Periode 2014-2018

Jurnal Manajemen Bisnis dan Kewirausahaan ◽

10.24912/jmbk.v4i6.9796 ◽

2020 ◽

Vol 4 (6) ◽

pp. 293

Author(s):

Richard Richard

Keyword(s):

Regression Analysis ◽

Capital Structure ◽

Firm Value ◽

Stock Exchange ◽

Random Effect ◽

Random Effect Model ◽

Model Method ◽

Effect Model ◽

Research Show

This study examines the effect of profitability, liquidity and capital structure on firm value of banking companies listed in Indonesia Stock Exchange from 2014 until 2018. Samples of this study were 20 banking company. The method of analysis used in this research is regression analysis of data panel with Random Effect Model method. The result of this research show that profitability and capital structure partially have significant effect on firm value of banking company, while liquidity have no significant effect on firm value of banking company.

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Excess cash holding, likuiditas, dan nilai perusahaan: Studi pada perusahaan non-finansial Indonesia

Jurnal Manajemen Maranatha ◽

10.28932/jmm.v20i2.3477 ◽

2021 ◽

Vol 20 (2) ◽

pp. 159-166

Author(s):

Felicia Santoso ◽

Rita Juliana

Keyword(s):

Firm Value ◽

Stock Exchange ◽

Random Effect ◽

Random Effect Model ◽

Cash Holding ◽

Financial Constraint ◽

Financial Firms ◽

Effect Model ◽

Excess Cash ◽

Positive Effect

This study aims to investigate the effect of excess cash on liquidity and firm value. The sample that is used is 211 non-financial firms listed in Indonesia Stock Exchange (IDX) with period from 2007 to 2017, resulting a total of 2321 firm-year observations. The regression model used are fixed effect and random effect model. The results show that excess cash increase trading continuity and decrease liquidity risk. This result can be caused by uninformed trader trading participation. Additionally, excess cash has a positive effect on firm value directly because with excess cash firm can invest. The study also finds that the effect of excess cash on illiquid firm value is negative, this result happened because excess cash can increase firm’s information asymmetry problem. Finally, we also find that excess cash has higher effect on small size firms with financial constraint problems and higher growth opportunities.

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Pengaruh Board Diversity terhadap Manajemen Laba

Journal of Applied Accounting and Taxation ◽

10.30871/jaat.v4i2.908 ◽

2019 ◽

Vol 4 (2) ◽

pp. 223-233

Author(s):

Dewi Fatimah

Keyword(s):

Earnings Management ◽

Stock Exchange ◽

Random Effect ◽

Gender Diversity ◽

Random Effect Model ◽

Fixed Effect Model ◽

Ordinary Least Squares ◽

Least Squares Regression ◽

Board Diversity ◽

Effect Model

This study examines the effect on board diversity against earning management. The used samples are non-financial companies listed on the Indonesia Stock Exchange from 2010 to 2013. The data collection method using a purposive sampling method and data used are panel data. The regression used is ordinary least squares regression (OLS) with a fixed-effect model approach and the random effect model. The results showed that board diversity proxied by gender, age, education, and tenure no significant effect on earnings management, whereas the diversity proxy board with tenure significant effect on earnings management. Earnings management using discretionary accruals proxy and use a proxy for board gender diversity, age, minority education, and tenure.

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The Influence Of Profitability, Asset Tangibility, Firm Size, Liquidity, And Agency Conflict Toward Capital Structure On Food And Beverage Companies Listed In Indonesia Stock Exchange Period 2014-2017

Journal of Emerging Economies and Islamic Research ◽

10.24191/jeeir.v8i2.8293 ◽

2020 ◽

Vol 8 (2) ◽

pp. 1

Author(s):

Erika Jimena Arilyn

Keyword(s):

Capital Structure ◽

Firm Size ◽

Stock Exchange ◽

Random Effect ◽

Random Effect Model ◽

Sampling Technique ◽

Agency Conflict ◽

Effect Model ◽

Food And Beverage ◽

The Capital Structure

This study is conducted in order to know whether profitability, asset tangibility Please do not firm size, liquidity, and agency conflict influence the capital structure. This study is also would compare result of the previous researchers within this research. Sample of this research is food and beverage companies that listed in Indonesia Stock Exchange for period 2014 – 2017 and publish its annual report which available to be accessed by public. Research method used in this paper is quantitative method. Purposive sampling is used as a sampling technique, where nine companies met the criteria and were analyzed using descriptive statistic and panel data regression with random effect model to test the hypotheses. Results of this study indicate that profitability, liquidity, and agency conflict influence the capital structure, while asset tangibility and firm size do not influence the capital structure.

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