PENGARUH PROFITABILITAS DAN LIKUIDITAS TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2016-2018

2021 ◽  
pp. 406-415
Author(s):  
Tresa Sayow ◽  
Bertha Mundung ◽  
Michael Miran
Keyword(s):  
Common Effect ◽  
Effect Model

Abstrak Penelitian ini bertujuan untuk mengetahui pengaruh Profitabilitas dan Likuiditas terhadap Kebijakan Dividen pada perusahaan manufaktur. Metode penelitian yang digunakan adalah metode pendekatan kuantitatif. Data sekunder yang digunakan berupa laporan tahunan perusahaan selama 3 tahun. Populasi yang digunakan adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia tahun 2016-2018 sebanyak 168 Perusahaan. Teknik pemilihan sampel dalam penelitian ini adalah teknik porposive sampling. Akan tetapi dalam penelitian ini hanya terpilih 12 perusahaan manufaktur yang memenuhi kriteria pemilihan sampel. Teknik analisis yang digunakan adalah teknik analisis regresi data panel. Persamaan regresi data panel yang terpilih adalah Common Effect Model. Hasil peneltian secara parsial menyimpulkan bahwa profitabilitas berpengaruh terhadap kebijakan dividen, begitu juga likuiditas berpengaruh terhadap kebijakan dividen. Kata Kunci : Profitabilitas, Likuiditas, Kebijakan Dividen    

scholarly journals Product obsolescence of cellular phone market in Indonesia: a consumer perspective

2018 ◽  
Vol 74 ◽  
pp. 05003
Author(s):  
Rafika Maulia ◽  
Alin Halimatussadiah
Keyword(s):  
Online Survey ◽  
Electronic Waste ◽  
Cellular Phone ◽  
Electronic Products ◽  
Common Effect ◽  
Effect Model ◽  
Independent Test ◽  
Chi Squared ◽  
Consumer Perspective ◽  
Analytical Tools

Obsolescence leads to a shorter lifecycle of electronic products which results in generating more electronic waste (e-waste) and excessive use of natural resources to produce goods. It is basically a wearing out of technical or esthetical appliances. Unfortunately, there are only a few studies and data focused on the issue, especially in developing counties. The objective of this study is to show how the lifespan of cellular phone change overtime and to provide data about consumer behavior in the Indonesia’s cellular phone market. A total of 1.030 respondents were recruited from online survey in 13 most populous cities of Indonesia for consumer analysis. Panel regression Common Effect Model (CEM) and Chi-squared independent test were applied as the analytical tools. The result shows that both consumer contribute to the reduction of cellular phone lifecycle. It is confirmed that the lifespan of cellular phone is getting shorter by the year and by the ownership order. In addition, subjective considerations of discarding product significantly reduce cellular phone’s lifespan. Obsolescence is not only an issue that should be addressed to the manufacturers, but also as a responsibility for the consumers.

scholarly journals Analisis Pengaruh Kebijakan Dana Desa Terhadap Pengentasan Kemiskinan Di Kecamatan Terare Kabupaten Lombok Timur Tahun 2016-2017

2019 ◽  
Vol 5 (2) ◽  
pp. 1-31
Author(s):  
Hadi Mahmudi ◽  
Muaidy Yasin ◽  
Lukman Hamim
Keyword(s):  
Common Effect ◽  
Effect Model

Penelitian ini merupakan penilitian kuantitatif deskriptif tentang kebijakan dana desadan pengentasan kemiskinan di KecamatanTerare Kabupaten lombokTimur tahun 2016-2017 dalam mendukung pelaksanaan otonomi daerah. Variabel yang digunakan dalam analisis ini adalah data Dana Desa (DD) dan data Alokasi Dana Desa (ADD) di Kecamatan Terare Kabupaten Lombok Timur tahun 2016-2017 . Alat analisis yang digunakan dalam penelitian ini Regresi berganda data panel.  Hasil analisis regresi data panel memilih model terbaik ialah Common Effect Model, dengan varibel DD berpengaruh tidak signifikan terhadap angka kemiskinan  sedangkan variabel ADD berpengaruh signifikan terhadap angka kemiskinan di Kecamatan Terara. nilai R2 Adjusted sebesar 0,519 atau 52% dari variabel kemiskinan desa di Kecamatan Terara mampu dijelaskan oleh variabel dana desa dan alokasi dana desa. Dana Desa dan Alokasi dana desa memiliki koefisien negatif, yang mana memiliki arti setiap penambahan dana desa dan alokasi dana desa akan menurunkan angka kemiskinan.

scholarly journals PENGARUH PROFITABILITAS, DEWAN KOMISARIS, KOMISARIS INDEPENDEN DAN RISIKO IDIOSINKRATIS TERHADAP DIVIDEND PAYOUT RATIO

2018 ◽  
Vol 14 (1) ◽  
pp. 99
Author(s):  
Rino Tam Cahyadi ◽  
Lilik Purwanti ◽  
Endang Mardiati
Keyword(s):  
Sampling Method ◽  
Idiosyncratic Risk ◽  
Negative Influence ◽  
Positive Influence ◽  
Dividend Payout ◽  
Purposive Sampling ◽  
Common Effect ◽  
Effect Model ◽  
Panel Data Regression ◽  
Data Regression

Abstrak: Pengaruh Profitabilitas, Dewan Komisaris, Komisaris Independen dan Risiko Idiosinkratis Terhadap Dividend Payout Ratio. Penelitian ini bertujuan untuk menguji pengaruh langsung profitabilitas, dewan komisaris, komisaris independen, dan risiko idiosinkratis terhadap Dividend Payout Ratio (DPR). Teknik pemilihan sampel menggunakan purposive sampling dan analisis data menggunakan regresi data panel dengan model common effect. Hasil penelitian menunjukkan bahwa profitabilitas berpengaruh positif terhadap DPR, komisaris independen berpengaruh negatif terhadap DPR, sementara dewan komisaris dan risiko idiosinkratis tidak memiliki pengaruh terhadap DPR. Kata Kunci: profitabilitas, Dewan Komisaris, Komisaris Independen, risiko idiosinkratis, Dividend Payout Ratio Abstract: The Influence of Profitability, Board of Commissioners, Independent Commissioners, and Idiosyncratic Risk on Dividend Payout Ratio. This study aimed to empirically assess the influence of company’s profitability, commissioners, independent commissioners, and idiosyncratic risk on Dividend Payout Ratio (DPR). Samples were selected by using purposive sampling method and this research utilize panel data regression with common effect model to analyze the data. This study found that, profitability had a significantly positive influence on DPR, independent commissioners had a significantly negative influence on DPR; and board of commissioners and idiosyncratic risk had no influence on DPR. Keywords: profitability, board of commissioners, independent commissioners, idiosyncratic risks, dividend payout ratio

scholarly journals Non-Performing Loan and Financial Stability of Banking Industry in Pakistan

2020 ◽  
Vol 9 (4) ◽  
pp. 347-356
Author(s):  
FAZLI RAHMAN KHAN ◽  
MUHAMMAD NISAR KHAN ◽  
SAIMA UROOGE
Keyword(s):  
Commercial Banks ◽  
Financial Stability ◽  
Secondary Data ◽  
Panel Data Models ◽  
Leverage Ratio ◽  
Common Effect ◽  
Effect Model ◽  
Banking Stability ◽  
The Common ◽  
The Stability

The objectives of this study to assess the state of financial stability of commercial banks in Pakistan and then estimate how good, bad and worst economic conditions would influence the stability. Our design of the study is a mix of techniques. Pakistan have not experienced financial crisis due to some shocks, therefore stress events and its effects not included in design. This study examines the effect of non-performing loans on financial stability empirically. Based on the above premise, this thesis investigates the association of financial stability with non-performing loans for all commercial banks of Pakistan for the period of 2014-2018. The study used the 27 commercial banks having 162 bank year observations. The study measured of financial stability (FS) through the financial leverage ratio and liquidity ratio using the common effect model. For the non-performing loans this study uses the non-performing loan ratio. Using secondary data that is panel in nature and applying panel data models for analysis, the study finds out that non-performing loans negatively associated with financial stability of commercial banks in Pakistan. Keywords: Loan, Finance, Banking, Stability, Pakistan.

Estimasi Fixed Effect Model dari Likuiditas Aset, Financial Leverage dan Likuiditas Saham di Indonesia

2019 ◽  
Vol 4 (3) ◽  
pp. 412
Author(s):  
Irdha Yusra ◽  
Awidi Mulfita
Keyword(s):  
Panel Data ◽  
Random Effect ◽  
Random Effect Model ◽  
Fixed Effect Model ◽  
Fixed Effect ◽  
Financial Leverage ◽  
Stock Liquidity ◽  
Common Effect ◽  
Effect Model ◽  
Asset Liquidity

<p><em>In investing, investors don’t assess the expected return, but also liquidity in shares. Because the aspect of liquidity is very important for investors to decide which stocks are attractive investments. This study aims to examine the effect of asset liquidity and financial leverage on stock liquidity. The population is all companies which are listed in Indonesia Stock Exchange in 2013-2017 periods. The sampling technique uses a purposive sampling method with predetermined criteria and obtained a sample of 58 companies with 290 observations. The data of the financial statement of the companies has been obtained from the official website of IDX. The analytical method used is regression analysis of panel data with the help of application E-Views 8. Panel data regression can be estimated using three models, namely Common Effect Model (CEM), Fixed Effect Model (FEM), and Random Effect Model (REM). From the results of the estimation model, it is found that FEM is the best model in this study. Furthermore, the results of the study show that asset liquidity has a positive and not significant effect on stock liquidity, while financial leverage has a negative and significant effect on stock liquidity.</em></p><p>Dalam berinvestasi, investor tidak hanya menilai dari return yang diharapkan, namun juga likuiditas pada saham. Karena aspek likuiditas sangat penting bagi investor untuk memutuskan mana saham yang menarik investasi. Penelitian ini bertujuan untuk menguji pengaruh likuiditas aset dan financial leverage terhadap likuiditas saham. Populasi dalam penelitian ini adalah perusahaan yang terdaftar di Bursa Efek Indonesia (BEI) periode 2013-2017. Teknik pengambilan sampel menggunakan metode purposive sampling dengan kriteria yang telah ditentukan dan diperoleh sampel sebanyak 58 perusahaan. Data laporan keuangan diperoleh dari website resmi BEI. Metode analisis yang dipakai adalah analisis regresi data panel dengan bantuan aplikasi E-Views 8. Regresi data panel dapat diestimasi menggunakan tiga model, yaitu Common Effect Model (CEM), Fixed Effect Model (FEM), dan Random Effect Model (REM). Untuk mendapatkan model terbaik digunakan uji lanjut, yaitu Uji Chow dan Uji Hausman. Dari hasil estimasi model diperoleh bahwa FEM sebagai model terbaik dalam penelitian ini. Lebih lanjut, hasil penelitian menemukan bahwa likuiditas aset berpengaruh positif dan tidak signifikan terhadap likuiditas saham, sedangkan financial leverage berpengaruh negatif dan signifikan terhadap likuiditas saham.</p>

scholarly journals Company Size Moderates the Effect of Real Earning Management and Accrual Earning Management on Value Relevance

ETIKONOMI ◽  
2019 ◽  
Vol 18 (1) ◽  
Author(s):  
Sistya Rachmawati
Keyword(s):  
Predictive Value ◽  
Value Relevance ◽  
Secondary Data ◽  
Fixed Effect Model ◽  
Earning Management ◽  
Company Size ◽  
Real Earning ◽  
Common Effect ◽  
Effect Model ◽  
Value Model

The purpose of the study was to determine the effect of real earning management and accrual earning management on the relevance of values proxied by predictive value, feedback value and timeliness. Furthermore, whether the influence of real earning management and accrual earning management on value relevance can be strengthened by the company size variable. This study uses secondary data from 2014 to 2016 with 61 companies so that there are 183 observations. Data is processed by multiple regression for predictive value model and feedback value model using fixed effect model while timeliness uses common effect model. Before the regression test, normality and classical tests were carried out which included multicollinearity test, heteroscedasticity test and autocorrelation test. The results showed that the effect of real earning management and accrual earning management on predictive value, feedback value was not significant, while the timeliness was only accrual earning mamagement that had significance. On the other hand, company size has been proven to strengthen the effect of real earning management and accrual earning management on predictive value, whereas in the feedback value and timeliness model only accrual earning management can be strengthened by the size of the company

scholarly journals Fundamental Factor Analysis On Banking Stock Price In LQ45

2021 ◽  
Vol 11 (1) ◽  
pp. 118-137
Author(s):  
Idah Zuhroh ◽  
Alvio Veronika
Keyword(s):  
Exchange Rate ◽  
Stock Price ◽  
Model Tests ◽  
Analysis Model ◽  
Research Subjects ◽  
Fundamental Factor ◽  
Common Effect ◽  
Effect Model ◽  
Panel Data Regression ◽  
Data Regression

This study analyzes the influence of fundamental factors (inflation, exchange rates, ROA, ROE, and BOPO) on the LQ 45 Banking Stock Price. The research subjects are banks listed in LQ 45 for the quarterly period 2015-2019, using Panel Data Regression. The analysis model is the Common Effect Model (CEM). This study uses 2 models where the first model tests all variables except ROE, and the second model tests all variables except ROA. The results showed that the inflation and exchange rate variables significantly affect the LQ45 Banking Stock Price. On the other hand, the variables of ROA, ROE, and BOPO did not significantly affect the LQ45 banking financial stock price. The research results simultaneously showed that in model 1, the variables of inflation, exchange rate, ROA, and BOPO significantly affect the LQ45 banking stock price. Whereas in model 2, jointly, the variables of inflation, exchange rate, ROE, and BOPO significantly affect the LQ45 banking stock price.

scholarly journals Faktor yang Mempengaruhi Nilai Perusahaan Properti yang Terdaftar di Indeks Saham Syariah Indonesia 2014-2017

Telaah Bisnis ◽  
2020 ◽  
Vol 19 (2) ◽  
pp. 69
Author(s):  
Devita Alliv Nurdiana ◽  
Widyan Apriliska Fajri
Keyword(s):  
Capital Structure ◽  
Firm Value ◽  
Sampling Method ◽  
Dividend Policy ◽  
Stock Index ◽  
Research Model ◽  
Collection Method ◽  
Common Effect ◽  
Effect Model ◽  
Analysis Technique

The aim of the research is to find empirical evidence about the effect of dividend policy, capital structure, and profitability on firm value. This research uses a sample of property company that listed on Indonesian Islamic Stock Index (ISSI) from 2014-2017. We uses purposive sampling method as data collection method and Common Effect Model as an analysis technique. Using a sample of 16 property firms, we find that the dividend policy, capital structure, and profitability are positivly and significantly affect the firm value. Simultaniously dividend policy, capital structure, and profitability significantly affect the value of the company with a variation of value of 45,9 percent, while the remaining 54,1 percent is explained by other factors not explained in the research model.

scholarly journals The Effect of Government Spending on Education to Human Capital in ACEH Province

2017 ◽  
Vol 6 (4) ◽  
pp. 18
Author(s):  
. SARTIYAH ◽  
Sri HARTOYO ◽  
Yusman SYAUKAT ◽  
Rina OKTAVIANI
Keyword(s):  
Human Capital ◽  
Government Spending ◽  
Local Governments ◽  
Multiple Models ◽  
Remote Areas ◽  
Income Per Capita ◽  
Common Effect ◽  
Effect Model ◽  
Aceh Province ◽  
Per Capita

This study was conducted to examine the effect of government spending on education, poverty, income per capita and the dummy of the main and newly established regions to education in Aceh Province. The data used in this study are panel data of 23 city districts in Aceh Province from 2008 to 2013. To estimate multiple models of data panels, Common Effect Model and The SYSLIN Procedure 2 SLS Estimation using SAS 9.31 Program are used. The results of the study showed that government spending on education, income per capita in main regions are positively and significantly effect on education, while poverty negatively affects on education in Aceh Province. However, education has a small response to government spending on education in Aceh Province. According to the results of the research, it is recommended for local governments to intensify the service and supervision of education in the newly established regions, specifically in remote areas.

scholarly journals Pengaruh Kualitas Institusi, Pengeluaran Pemerintah, dan Foreign Direct Investment terhadap Pertumbuhan Ekonomi

2021 ◽  
Vol 4 (2) ◽  
pp. 86-98
Author(s):  
Anastia Widianatasari ◽  
Evi Yulia Purwanti
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Political Stability ◽  
Government Size ◽  
Regulatory Quality ◽  
Common Effect ◽  
Effect Model ◽  
Control Of Corruption

Pertumbuhan ekonomi di negara berkembang rentan terhadap fluktuasi ekonomi global seperti krisis ekonomi 2008 dan kembali mendapat hambatan dengan terjadinya resesi akibat pandemi Covid-19. Penelitian ini memiliki dua tujuan. Pertama, menganalisis pengaruh kualitas institusi, government size, dan foreign direct investment terhadap pertumbuhan ekonomi. Kedua, menganalisis pengaruh kualitas institusi dan government size terhadap pertumbuhan ekonomi melalui FDI. Terdapat dua metode analisis yang digunakan dalam penelitian ini, yaitu regresi data panel pendekatan common effect model (CEM) dan analisis jalur. Objek yang digunakan penelitian 9 negara berkembang Asia tahun 2012-2019. Hasil penelitian menunjukkan bahwa variabel kualitas institusi yang terdiri dari voice and accountability, political stability and absence of violence/ terrorism, dan regulatory quality berpengaruh signifikan terhadap pertumbuhan ekonomi, sedangkan control of corruption tidak berpengaruh signifikan. Di samping itu, government size tidak berpengaruh signifikan terhadap pertumbuhan ekonomi, tetapi foreign direct investment berpengaruh signifikan terhadap pertumbuhan ekonomi. Lebih lanjut, secara tidak langsung semua variabel kualitas institusi tidak berpengaruh signifikan terhadap pertumbuhan ekonomi melalui FDI. Sebaliknya, government size berpengaruh signifikan terhadap pertumbuhan ekonomi melalui FDI. Pemerintah dapat melakukan reformasi regulasi, meninjau kembali alokasi pengeluaran pemerintah, dan menyaring arus masuk FDI untuk meningkatkan pertumbuhan ekonomi di negara berkembang.

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