scholarly journals FAKTOR –FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN BUMN DI BURSA EFEK INDONESIA TAHUN 2011-2015

2017 ◽  
Vol 1 (2) ◽  
pp. 25
Author(s):  
Ardian Prima Putra ◽  
Sri Wahyu Agustiningsih ◽  
Purwanto Purwanto

This study aims to examine the factors that affect the value of state enterprises in the Indonesia Stock Exchange Year 2011-2015. State companies have an important role in the Indonesian economy. State companies also serve to generate revenue for the Indonesian government to fund the Indonesian State Budget. Factors affecting the value of state firms tested in this research are Cash Holding, Leverage, Exchange Rate, Net Working Capital, ROA, Size, and Firm Age. In addition, this study also uses control variables to test the effect of independent variables on the dependent variable of firm value. The control variables used in this study are International Trade, Growth Opportunity, GDP per capita, and Total Asset Turnover Ratio. This study uses a sample of state companies listed on the IDX 2011-2015. This research uses multiple regression analysis to test the influence of independent variable and control variable to Dependent variable. The results show that Cash Holding, Leverage, Exchange Rate, Net Working Capital, ROA, Size, Firm Age, International Trade, Growth Opportunity, GDP per capita, and Total Asset Turnover Ratio simultaneously have significant effect on firm value measured by tobin-q. The t test shows that firm size partially has a significant negative effect on firm value while other variables show insignificant results.

2019 ◽  
Vol 2 (2) ◽  
Author(s):  
Magister Manajemen

  JURNAL MANAJEMEN BISNISDAN KEWIRAUSAHAAN   Volume 02/No.2/Maret /2018                                                                 e-ISSN 2598-0289  Terbit enam kali dalam setahun. Berisi tulisan yang diangkat dari hasil penelitian di bidang Ilmu Manajemen dan Kewirausahaan.   Ketua Dewan PenyuntingProf. Ir. Carunia Mulya Firdausy, MA, Ph.D – Universitas Tarumanagara  Wakil Ketua Dewan PenyuntingDr. Eko Harry Susanto – Universitas Tarumanagara  Anggota Dewan Penyunting Dr. Ir. Agus Zainul Arifin, MM – Universitas TarumanagaraDr. Eddy Supriyatna MZ, M.HUM – Universitas TarumanagaraDr. Anas Lutfi, MM, MKN – Universitas IndonesiaDr. Hardius Usman, M.Si – Universitas IndonesiaDr. Indra Widjaja, SE, MM – Universitas TarumanagaraDr. Hetty Karunia Tunjung Sari – Universitas Tarumanagara   SekretariatMaria Benedicta, SEStephanie Pane, SE, MM    Alamat Penyunting dan Tata Usaha: Program Studi MM Untar, Kampus 1, Gedung Utama, Lantai 14, Jl. Let. Jen. S. Parman No. 1 Grogol, Jakarta 11440. Telp. (62-21) 5655806 dan Fax. (62-21) 5655808. Email: [email protected]    JURNAL MANAJEMEN BISNIS & KEWIRAUSAHAAN        Maret 2018, Volume  02, No.2                                                                                                        ISSN 2598-0289Halaman 1-126   ANALISIS PENERAPAN BALANCED SCORECARD  UNTUK MENGUKUR KINERJA PERUSAHAAN  PADA PT. XYZ TBK.Sudiman                                                                                                                                                                                   01-07 DO POLICY MAKER CREATES FINANCIAL INNOVATION AND SUPPORT GROWTH?Suwinto Johan                                                                                                                                                                          08-15 PENGARUH GROWTH OPPORTUNITY, PROFITABILITAS, TINGKAT LIKUIDITAS TERHADAP STRUKTUR MODAL PADAPERUSAHAAN SUB SEKTOR MAKANAN DAN MINUMAN  YANG TERDAFTAR DI BURSA EFEK INDONESIA .Elvina Kurniawati Hadiyanto dan Indra Widjaja                                                                                                                       16-23 KINERJA REKSA DANA SAHAM DENGAN MENGGUNAKAN METODE SHARPE, TRENYOR DAN JENSEN PADAPERIODE JANUARI 2014 SAMPAI DESEMBER 2015Methirana                dan Indra Widjaja                                                                                                                                                     24-32 STRATEGI PEMASARAN MELALUI PESAN DALAM IKLAN ROKOK SAMPOERNA HIJAU DI TELEVISIVERSI DATANG KONDANGANYehuda                                                                                                                                                                                    33-41 PENGARUH ACTIVITY RATIO, WORKING CAPITAL MANAGEMENT, FIRM SIZE DAN LEVERAGE RATIO TERHADAPPROFITABILITY PADA PERUSAHAAN SUB SEKTOR PROPERTY DAN REAL ESTATE YANG TERDAFTAR DALAMBURSA EFEK INDONESIANadia Lionardi                                                                                                                                                                         42-49 FAKTOR-FAKTOR PREDIKTOR INVESTMENT OPPORTUNITY SET DAN FIRM VALUE PADA PERUSAHAAN PROPERTY DAN REAL ESTATE YANG TERDAFTAR DI BEIRita Amelinda dan Indra Widjaja                                                                                                                                              50-56 PENGARUH WORKING CAPITAL TURNOVER, TOTAL ASSET TURNOVER, ASSET GROWTH  DAN SALES GROWTHTERHADAP KINERJA KEUANGAN PERUSAHAAN CONSUMER GOODS YANG TERDAFTAR DI BURSA EFEK INDONESIASELAMA TAHUN 2013-2016Shelly Andelline dan Indra Widjaja                                                                                                                                             57-65 STRATEGI PEMASARAN DALAM RANGKA MENINGKATKAN PENJUALAN BENQ INTERACTIVE FLAT PANELMike Avelinus Thendry dan Anas Lutfi                                                                                                                                      66-73 PENGARUH CUSTOMER PERCEIVED VALUE , SERVICE QUALITY, DAN PHYSICAL  ENVIRONMENTTERHADAP KEPUASAN DAN KESETIAAN PELANGGANShelly Agustina Natawijaya dan Keni                                                                                                                                        74-81 ANALISA MANAJEMEN STRATEGIK PT FONDACO JAYATAMA DALAM BERSAINGMauren Astria dan Eko Harry Susanto                                                                                                                                     82-90 PENGARUH KEPUASAN KONSUMEN, HARGA, KUALITAS PRODUK, DAN PROMOSI TERHADAP LOYALITASMEREK ALAT ANGKAT / CRANE XYZ PADA PT.ABCTommy                                                                                                                                                                                    91-96 PENGARUH PROMOSI MELALUI INSTAGRAM TERHADAP KEPUTUSAN PEMBELIAN DI FOOD COURTElin Lininati                                                                                                                                                                              97-102 PENGARUH CITRA PERUSAHAAN DAN REPUTASI TERHADAP KUALITAS PELAYANAN DAN DAMPAKNYAPADA KEPUASAN PELANGGAN (Pada Nasabah Tabungan Bank Artha Graha)Kevin dan Mukti Rahardjo                                                                                                                                                       103-109 FAKTOR-FAKTOR YANG MEMPENGARUHI PRICE EARNING RATIO SAHAM LQ45 DI INDONESIATaruna dan Carunia Mulya Firdausy                                                                                                                                        110-119 ANALISIS STRATEGI SOAR PT. XYZ DALAM  MENINGKATKAN PENJUALAN BAHAN BAKU KIMIA UNTUKINDUSTRI TEKSTIL, KAYU, PAKAIAN DAN DETERJENCalvin Chiu                                                                                                                                                                              120-126       


Author(s):  
Nanda Setyaningrum ◽  
◽  
Erma Setiawati ◽  

Penelitian ini bertujuan untuk mengetahui pengaruh growth opportunity, net working capital, cash conversion cycle, dan dividend payout terhadap cash holding perusahaan sektor industri barang konsumsi yang terdaftar di Bursa Efek Indonesia. Desain penelitian ini adalah penelitian asosiatif kausal. Populasi dari penelitian ini adalah perusahaan sektor industri barang konsumsi yang terdaftar si Bursa Efek Indonesia. Periode penelitian yang digunakan yaitu periode 2015-2018. Sampel dalam penelitian ini diperoleh dengan metode purposive sampling. Berdasarkan kriteria yang ada, didapatkan 19 perusahaan yang menjadi sampel penelitian. Data yang digunakan adalah data sekunder. Teknik analisis data dengan menggunakan analisis regresi linier berganda dengan menggunakan SPSS versi 21. Hasil penelitian menunjukkan bahwa net working capital dan cash conversion cycle berpengaruh terhadap cash holding, sedangkan growth opportunity dan dividend payout tidak berpengaruh terhadap cash holding.


2015 ◽  
Vol 3 (1) ◽  
pp. 97-112
Author(s):  
Ajeng Andriani Hapsari

Penelitian ini bertujuan untuk menguji pengaruh beberapa faktor pemegangan kas Badan Usaha Milik Negara (BUMN) periode 2009-2013. Penelitian ini merupakan penelitian yang bertipe deskriptif dan verifikatif dengan teknik purposive sampel. Metode pengumpulan data menggunakan model data panel. Hasil yang diperoleh adalah ukuran perusahaan, growth opportunity, cash flow dan capital expenditure berpengaruh positif tetapi tidak signifikan pada pemegangan kas perusahaan. Sementara itu, leverage dan dividen berpengaruh negative dan tidak signifikan pada pemegangan kas perusahaan. Sehingga dapat disimpulkan bahwa net working capital dan return on asset yang berpengaruh positif dan signifikan pada pemegangan kas perusahaan. Kata Kunci : Cash Holding, BUMN, Data Panel,Purposive Sample


2019 ◽  
Vol 113 ◽  
pp. 381-383
Author(s):  
Ronald Eberhard Tundang

For over five decades, countries in Southeast Asia and its surroundings in Asia, the Pacific Ocean, and Pacific Rim have enjoyed peace and stability, upon which economic growth and welfare have accumulated. The marvel of uninterrupted development has transformed them into a group of countries that are part of the engines of global economic growth. Over the period of 1967 until 2017, Southeast Asian region recorded growth in gross domestic product (GDP) per capita almost thirty-three times bigger, from USD 122 to USD 4,021. In 2016, the region represented 6.2 percent GDP of the world in 2016, almost doubled the share in 1967 at just 3.2 percent. The period also saw an immense trade growth from USD 9.7 billion to USD 2.2 trillion. Right now the region has become the third largest economy in Asia and the fifth largest in the world.


2020 ◽  
Vol 16 (1) ◽  
pp. 44-58
Author(s):  
Dirvi Surya Abbas Dirvi

Penelitian ini bertujuan untuk mengetahui apakah informasi Growth Opportunity, Net Working Capital, Cash Conversion Cycle, Investment Opportunity Set dan Leverage digunakan dalam memberikan sinyal kepada investor atas Cash Holding. Penelitian ini menggunakan sampel perusahaan sektor Makanan dan Minuman selama tahun 2014-2018 dengan menggunakan metode purposive sampling. Data yang digunakan diperoleh dari laporan tahunan yang terdaftar di Bursa Efek Indonesia. Metode analisis yang digunakan adalah analisis regresi berganda dengan bantuan SPSS versi 16.0. Hasil Penelitian dari pengujian ini menghasilkan bahwa Variabel Net Working Capital dan Investment Opportunity Set secara parsial berpengaruh terhadap Cash Holding. Sedangkan variabel Growth Opportunity, Cash Conversion Cycle dan leverage tidak memiliki pengaruh terhadap Cash Holding.


2020 ◽  
Vol 1 (1) ◽  
pp. 524-530
Author(s):  
Siti Masrifah ◽  
R. Bambang Dwi Wiryanto ◽  
Fauziyah

Untuk menguji dan mendapati dampak dari tiap variabel terhadap peraturan cash holding (kas ditangan) di industri properti yang tercatat pada Bursa Efek Indonesia (BEI) 2015-2019 ialah tujuan penelitian ini. Sebanyak 20 perusahaan properti menjadi sampel dalam penelitian. Kajian data yang dimanfaatkan yaitu, regresi linier berganda menggunakan metode kuantitatif dengan program SPSS release 23.0. Hasil penelitian : (1) cash flow, firm size, dan cash corversion cycle secara parsial tidak berdampak signifikan pada cash holding; (2) net working capital, growth opportunity, leverage, dan board size  secara parsial berdampak signifikan atas cash holding; (3) cash flow, net working capital, firm size, growth opportunity, leverage, board size, dan cash conversion cycle secara simultan berdampak pada cash holding (kas ditangan) perusahaan property dan real estate yang tercatat pada Bursa Efek Indonesia (BEI) 2015-2019


2021 ◽  
Vol 1 (1) ◽  
pp. 117-134
Author(s):  
Radiman Radiman ◽  
Sri Fitri Wahyuni ◽  
Ike Nurjanah

The aims of this study are to: (1) find out and analyze the effect of growth opportunity on cash holding, (2) find out and analyze the effect of expenditure on cash holding, (3) find out and analyze the effect of firm value on cash holding, and (4) find out and analyze the growth opportunity, expenditure and company value together have an effect on cash holding. The population in this study are all mining companies listed on the Indonesia Stock Exchange as many as 48 companies and the research sample as many as 8 companies with 5 years of observation. Data collection techniques in this study using documentation techniques. The data analysis technique in this study uses the Classical Assumption Test, Multiple Linear Regression, t-test and F-test, and the Coefficient of Determination.


Author(s):  
Luh Putu Erma Liestyasih ◽  
Luh Putu Wiagustini

This research aims to determine the effect of firm size and growth opportunity to cash holding and firm value. Manufacturing companies that listed in Indonesian Stock Exchange are used as population. Annual ?nancial data of 38 ?rms from manufacturing companies listed on Indonesian Stock Exchange from 2013 to 2016 examined as sample. Path analysis technique used to analysis hypothesis of  the research by SPSS software. The results showed that: firm size and growth opportunity had positive and significant impact on firm value. Firm size had negative and significant impact on cash holding. Growth opportunity had positive and significant impact on cash holding. Cash holding had positive and significant impact on firm value. Cash holding mediated the effect of growth opportunity on firm value significantly.


Author(s):  
Abdul Rehman ◽  
Irum Saba ◽  
Rehana Kousar

Financial and Social Development plays pivotal role in the economic growth of nations. Developed countries have strong financial and social infrastructure. This study focuses on the social and financial development in relation to economic growth of developed, developing and frontier economies. Gross Domestic product (GDP) per capita used as dependent variable. Domestic credit, market capitalization, turnover ratio, household consumption, foreign direct investment, capital formation, Co2 Emission and trade openness are used as independent variables. government expenditures on education and current health expenditures are use as social variables. Unemployment and inflation rate also use as control variables. Pooled OLS (ordinary least squares), fixed effects and random effects models are used to check the relationship among variables from 2001-2017.  Results show positive and significant relation between Gross Domestic product (GDP) Domestic credit, education expenditures and health expenditures in case of developing countries. Market capitalization, turnover ratio, foreign direct investment, and trade openness have a positive but insignificant relationship. Co2 Emission, inflation and unemployment rate have negative and insignificant relation with GDP per capita. In advanced countries Inflation rate trade openness and FDI have positive and significant relation with GDP per capita. Domestic credit, market capitalization, turnover ratio, household final consumption and Co2 Emission have a negative relation with GDP per capita. Education and health also have a negative and insignificant relation with GDP per capita. In Frontier economies there is a positive and insignificant relation of market capitalization, FDI, Co2 Emission and health expenditures with GDP per capita. capital formation, turnover ratio, household consumption, trade openness has negative and significant relation with per capita. Education expenditures have positive and significant relation with GDP per capita. Co2 have positive but insignificant relation. Inflation and unemployment rate have negative but insignificant relation with GDP per capita.


The working capital management has an important role for the firm’s success or failure because of its effect on firm’s performance and liquidity. A well designed and implemented working capital management is expected to contribute positively to the creation of a firm’s value. “Working Capital” is the capital invested in different items of current assets needed for the business, viz, inventory, debtors, cash and other current assets such as loans & advances to third parties. Those current assets are essential for smooth business operations and proper utilization of fixed assets. The study is descriptive in nature. The secondary data is used for this study and four years balance sheet. The Working Capital Turnover Ratio, Current Asset Turnover Ratio, Probability Ratio. It was concluded that the working capital is a vital role of an organization


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