STRUKTUR KEPEMILIKAN DAN STRUKTUR MODAL TERHADAP KEBIJAKAN DIVIDEN DAN NILAI PERUSAHAAN

The company’s long-term goal was to maximize corporate value. Maximization of corporate value could be realized by using the aspect of corporate financial decisions and the amount of stock ownership by management in the company. This study aimed to determine the effect of direct and indirect ownership structure and capital structure toward dividend policy and firm value. Ownership structure was measured by total percentage of stock ownership by management, capital structure was measured with debt to equity ratio (DER), dividend policy was measured by dividend payout ratio (DPR) and the value of the firm measured by price to book value (PBV). Population research was all the firms in the manufacturing industries listed in Indonesia Stock Ex- change (IDX) from 2006 until the year of 2009 namely 149 companies. Sampling conducted in the research was purposive sampling method. Based on the criteria obtained by purposive sampling, 15 companies were eligible to be utilized as the research sample. The results of this research were the impact of ownership structure was not significant on dividend policy, the ownership structure had a significant positive impact on corporate value, capital structure did not significantly effect on dividend policy, capital structure did not significantly affect the value companies, dividend policy had a significant positive impact on corporate value

Analisis Pendapatan Asli Daerah (PAD) dalam Upaya Pelaksanaan Otonomi Daerah di Kabupaten Badung Bali

The consequence of running an autonomous region is that each region is required to increase the sources of revenue for funding the government\u27s implementation and further improving public service. This study aims to determine efficiency and effectiveness level of local taxes and determine their contributions in increasing local revenues in Badung regency in 2011-2015. This study uses descriptive quantitative analysis techniques. The data used in this study was obtained from the Central Bureau of Statistics and the Department of Revenue of Badung Regency. The result shows that the tax efficiency levelof Badung regency in 2011-2015 as very efficient and the local tax effectiveness levelof Badung in 2011-2015 as very effective. The contribution of local taxes on local revenue is in excellent level. Badung regency\u27s government has been able to optimize and managethe local tax revenues well

Reaksi Pasar Modal Indonesia Terhadap Pemilu Legislatif 2014 Pada Indeks Lq45 Di Bei

This study aimed to find the significant difference of abnormal return in stock Index LQ45 before and after the legislative election in 2014. This study used saturation sampling from stock index LQ45 that was registered during the period from February to July 2014. The data analysis technique used was a different test in pairs, and the window periods used were 7 days before and 7 days after the course of legislative election in 2014. The results of this study found that there was no significant difference before and after the legislative election. Based on the results, it is shown that market was not in the form of half-strong market in terms of information, which means it did not react toward the occurrence of legislative election in 2014, as the investors had predicted that the results of Legislative Election 2014 were not much different from the information obtained from the survey agency which was conducted prior to Legislative Election 2014

The role of profitability in mediating company ownership structure and size of firm value in the pharmaceutical industry on the Indonesia stock exchange

The purpose of this study was to examine the effect of ownership structure, firm size, and profitability on firm value. The research model was built by placing profitability measured by Return on Equity (ROE) as a mediating variable on the effect of ownership structure and firm size on the firm value measured by Price to Book Value (PBV). The study was conducted on the Pharmaceutical Industry in the Indonesia Stock Exchange for the period 2013-2018, with a total sample of 42 obtained by purposive sampling technique and analyzed by path analysis method. The results showed that foreign ownership had a significant positive effect on profitability but did not have a significant positive effect on firm value. Managerial ownership has no significant positive effect on profitability and no significant negative effect on firm value. Institutional ownership does not have a significant positive effect on profitability and firm value. The firm size has a significant positive effect on profitability but does not have a significant positive effect on firm value. Profitability has a significant positive effect on firm value

Prediksi Kurs Spot dan Kurs Forward terhadap Kurs Future Spot sebagai Dasar Pengambilan Keputusan Hedging pada PT. S. C. Enterprises di Kuta Badung

Penelitian ini bertujuan membahas bagaimana fluktuasi kurs mata uang asing yang dapat menimbulkan foreign exchange exposure dan berpengaruh terhadap arus kas di masa yang akan datang yang dimikili oleh PT. S. C. Enterprises yang merupakan eksporter pada industri garmen. Permasalahan menitikberatkan pada apakah Perusahaan perlu melakukan tindakan hedging berdasarkan prediksi kurs spot dan kurs forward pada bulan Januari, februari, dan Maret tahun 2011 terhadap kurs future spot bulan April, Mei dan Juni tahun 2011. Penelitian ini merupakan jenis penelitian kuantitatif dan analisis dengan menggunakan metode analisis trend kuadrat terkecil (Least square method) karena dianggap memiliki standar deviasi dan tingkat kesalahan prediksi terkecil. Hasil penelitian yang ditemukan dari prediksi yang dilakuan menunjukkan bahwa kurs IDR terhadap USD pada tiga bulan berikutnya diprediksi mengalami fluktuasi yang signifikan sehingga dapat disimpulkan untuk penerimaan pelunasan piutang ekspor ketika kurs IDR terhadap USD melemah tindakan hedging sebaiknya tidak dilakukan, karena jika dibandingkan dengan kurs forward yang ditawarkan oleh pihak bank, future spot diprediksi memiliki nilai yang lebih tinggi sehingga menguntungkan bagi Perusahaan. Sementara untuk penerimaan pelunasaan piutang ekspor ketika kurs IDR terhadap USD menguat, Perusahaan sebaiknya melakukan tindakan hedging karena jika dibandingkan dengan kurs forward yang ditawarkan, nilai dari future spot lebih kecil sehingga dapat menimbulkan kerugian bagi Perusahaan apabila tindakan hedging tidak dilakukan

Analisis Kemandrian Keuangan Daerah di Era Otonomi pada Pemerintah Kabupaten Tabanan

The aim of this research is to know the rate of autonomous, effectiveness, and efficiency of financial performance from Tabanan regency's government. This research was did for period 2007 until 2011. the type of this research is descriptive research. based from analysis, we found that the rate of autonomous financial performance from Tabanan regency's government during fiscal year 2007 until 2011 is 16,33%, rate of local financial capability is 101,62%, the effectiveness of government revenue is 120,29%, and average efficiency rate is 14,77%

Dampak Pengumuman Dividen Terhadap Abnormal Return Pada Perusahaan Lq45 Yang Terdaftar Di Bursa Efek Indonesia

Penelitian ini bertujuan untuk mengetahui dampak pengumuman dividen terhadap abnormal return pada Perusahaan LQ45 di Bursa Efek Indonesia. Populasi yang digunakan dalam penelitian ini adalah seluruh Perusahaan yang tergabung dalam LQ45 di Bursa Efek Indonesia. Terdapat 44 Perusahaan yang diteliti dengan 50 jumlah peristiwa pengumuman dividen. Metode yang digunakan untuk penentuan sampel adalah metode Purposive Sampling. Teknik analisis data yang digunakan adalah Uji Analisis t (t-test), dengan uji beda dua rata-rata untuk mengukur signifikansi perbedaan antara 2 kelompok data. Cara pengolahannya dengan menggunakan program SPSS (Statistic Produk Service Solution) dan Microsoft Excel. Hasil penelitian ini menunjukkan bahwa pengujian pada abnormal return sebelum dan setelah pengumuman dividen, mendapatkan hasil bahwa terdapat perbedaan rata-rata abnormal return yang signifikan antara sebelum dan sesudah pengumuman dividen, yang artinya pengumuman pembayaran dividen menunjukkan reaksi pasar dan informasi tersebut merupakan good news yang kemungkinan besar akan memberikan keuntungan bagi investor