Analisis Overreaction Hypothesis dan Pengaruh Ukuran Perusahaan, Bid-ask Spread, dan Likuiditas Saham terhadap Fenomena Price Reversal: (Studi Empiris pada Perusahaan yang Terdaftar di Bei )

Penelitian ini menguji return saham yang mengikuti satu hari Perubahan besar hargasaham di Bursa Efek Indonesia (BEI) periode 2007 - 2010. Sampel dari penelitian inimenggunakan 30 Perusahaan yang terdaftar di BEI.Sampel ini kemudiandiklasifikasikan lagi menjadi 20 Perusahaan yang menjadi sampel winner dan 20perusahaan yang menjadi sampel loser.Penelitian ini menggunakan data harian,sedangkan perhitungan abnormal return menggunakan Market Adjusted Model.Periode pengamatan dalam penelitian ini adalah 5 hari sebelum t=0 dan 20 harisetelah t=0. Analisis yang digunakan adalah uji t, korelasi, dan regresi berganda.Data yang digunakan dalam penelitian ini adalah closing price, IHSG, kapitalisasipasar, volume perdagangan saham, serta bid dan ask price. Hasil penelitian melaluiuji t mengidentifikasikan bahwa pada saham winner maupun loser terjadipembalikan harga.Dari analisis korelasi, didapatkan hasilkorelasi yang bernilainegatif dan signifikan berbeda dengan nol. Hal inimenunjukkan terdapat reaksiberlebihan dari investor.Reaksi berlebihan inikemudian disadari investor sehinggamelakukan koreksi terhadap tindakan tersebut.Terdapatnya reaksi berlebihan dariinvestor dalam pembalikan harga mengimplikasikan bahwa pasar belum efisien,karena harga saham dapat diprediksikan berdasarkan harga saham masa lalu.Persamaan regresi untuk saham winner dan loser menunjukkan bahwa hanyaterdapat sedikit bukti yang signifikan bagi faktor-faktor ukuran Perusahaan, bid-askspread, dan likuiditas saham dalam mempengaruhi terjadinya pembalikan harga

Pengaruh Likuiditas, Leverage, Profitabilitas,operating Capacity dan Biaya Agensi Manajerial terhadap Financial Distress (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2011-2013)

This study aimed to examine the effect of liquidity, leverage, profitability, operating capacity and managerial agency cost on financial distress in manufacturing companies listed in Indonesia Stock Exchange 2011-2013. Purposive sampling method is used as a method of sampling, in order to obtain a sample of 18 companies. Technique of analysis data used logistic regression analysis. Based on the result of the research showed that liquidity, leverage and profitability that have significant impact on the financial distress. While operating capacity and managerial agency cost do not have a significant effect on the financial distress

Analisis Faktor-faktor dalam Struktur APBD dan Kinerja Keuangan Daerah yang Mempengaruhi Belanja Modal pada Kabupaten/Kota di Provinsi Riau

Penelitian ini bertujuan untuk membuktikan secara empiris pengaruh Dana Bagi Hasil (DBH), Dana Alokasi Umum (DAU), Dana ALokasi Khusus (DAK), Sisa Lebih Perhitungan Anggaran (SiLPA), rasio ketergantungan keuangan daerah dan rasio derajat desentralisasi terhadap belanja modal pada kabupaten/kota di Provinsi Riau. Populasi dalam penelitian adalah seluruh kabupaten/kota di Provinsi Riau. Seluruh populasi dijadikan sampel dalam penelitian ini. Data yang digunakan adalah data sekunder berupa Laporan Realisasi APBD (LRA) masing-masing kabupaten/kota untuk tahun anggaran 2012 sampai dengan 2016. Metode analisis data yang digunakan adalah analisis regresi linear berganda dengan program Software Statistical Package for Social Science (SPSS) Versi 23. Hasil penelitian menunjukkan bahwa DBH dan DAU terbukti secara empiris memberikan pengaruh positif terhadap belanja modal. Sedangkan DAK, SiLPA, rasio ketergantungan keuangan daerah dan rasio derajat desentralisasi terbukti secara empiris tidak memberikan pengaruh terhadap belanja modal

Pengaruh Struktur Kewenangan, Karakteristik Sistem Informasi Keuangan Daerah dan Perilaku Manajer terhadap Kesadaran Akan Biaya (Studi Empiris pada Pemerintahan Daerah Kabupaten Siak)

This research aims to analyze and determine the influenceof the authority structure, regional characteristics of financialinformation systems, and the behavior of managers towards costconciousness. This research was conducted throughout theDepartment/ Agency/ Office of Siak . The sample in this study is allSKPD Head (Department/ Agency/ Office of Siak) as budget officerswhich consists of 15 agency heads, 8 agency heads, 18 head of officeand secretariat, 1 head of hospitals and 1 Inspectorate. Furthermore,the financial section for each department, agency, office andsectretariat 1, so that the entire sample was 65 people, taken bypurposive sampling method . While the analysis of data usingmultiple regression models. The results of this study stated thatformal authority, financial information systems and behaviours ofmanager in Siak Regency, Riau province has a significant effect onincreased of the cost conciousness. While informal authority in SiakRegency, Riau province has no significant effect on the increasedofthe cost conciousness. The coefficient of determination by Adj R2 =0.923 . This means that the cost conciousness in Siak Regency of RiauProvince is affected by the independent variable (formal authority,informal authority, financial information systems and managerbehavior) are of 93.2 % . While approximately 7.8 % is influenced byother variables

Pengaruh Laba Bersih, Arus Kas Operasi Dan Pertumbuhan Penjualan Terhadap Kebijakan Dividen Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2011-2013

The aim of this study was to examine the effect of Net Profit, Operating Cash Flow and Sales Growth on Dividend Policy in manufacturing companies. The population in this study were all manufacturing company engaged in the Manufacturing Industry in Indonesia Stock Exchange and using the 2011 -2013 financial statements of 142 companies. The sample in this study were all manufacturing companies that meet the criteria numbering as many as 26 companies. The analytical method used in this study was multiple regression analysis. Based on the analysis of data, it can be concluded that: 1) there is no significant influence of Net Profit on Dividend Policy; 2) there is a significant influence of Operating Cash Flow on Dividend Policy; and 3) there is a significant influence of Sales Growth on Dividend Policy. In addition, this study also showed that the influence of variables Net Profit, Operating Cash Flow, and Sales Growth can be explained the model of this equation is 31.4% and the remaining 68.6% is influenced by other factors that are not included in the regression equation

Analisis Penerapan Metode Activity Based Costing untuk Penetapan Biaya Kamar Rawat Inap RSUD Kota Dumai

This study purpose to determine Activity Based Costing (ABC) toward hospitalization costing in Dumai General Hospital. Hospital is a service company whose orientation is non-profit; therefore the accuracy of management is required in taking decision especially in determination of hospitalization cost. The problem of this study is how to determine hospitalization cost in Dumai General Hospital by using ABC methods. The data used in this study were primary data from interview result and secondary data from the hospitals financial report related to this study. Data collection techniques were done by collecting the documents from financial reports as well as data related to the object of research and conducted interview with leader and employees asociated with necessary data in this study. ABC methods assessed can provide more accuracy than with traditional methods in calculating the hospitalization cost that can assist management in determining hospitalization cost according to the facilities in each class of hospitalization. In this study, cost driver used in the calculation of hospitalization costing consisted of the number of day hospitalization, number of patients, power consumption and space of hospitalization room. Result of the calculation using ABC method in Dumai General Hospital for hospitalization cost showed that the cost charged by activities that occurred in each room according to the facilities given by hospital at standard level of hospitalization.Keywords: Analyze, Costing, Hospitalization, and Rate