This study aimed to determine the effect of capital adequacy, liquidity, credit risk, net income interest, and GWM on the performance of banks with a proxy variable return on asset in the banks listed on the Indonesia Stock Exchange in the observation for the yearperiod 2011-2015.CAR, LDR, NPL, NIM, and GWM are variables that is obtained from the the financial statements or the calculation of annual report banking ended on December 31, were taken from the Otoritas Jasa Keuangan in years 2011-2015. Population used in this research is all banks in Indonesia. Used purposive sampling method, have been selected 27 samples of banks listed on the BEI and has a complete financial report on the years 2011-2015. The analytical method used is multiple linear regression analysis.The results of this research concluded: Simultaneously this model affect the ROA’s banks, but partially, (1) CAR has a significant negative impact on ROA’s banks, (2) LDR has a significant negative impact on the ROA’s banks, (3) NPL has a significant negative impact on ROA’s banks, (4) NIM has a positive significant effect on ROA’s banks (5) GWM has significant negative effect on ROA’s banks.
Micro, Small and Medium Enterprises (MSMEs) have a very significant impact on the Indonesian economy. Therefore, it is important to do research in order to determine the condition of current performance and analyze the factors that influence the development of MSMEs and to provide strategic advice on the development of MSMEs in Surakarta. Long-term goal is the development of MSMEs in Surakarta in the future as measured from the increase in sales, so the SMEs entrepreneurs increase revenue, reduce unemployment and ultimately can reduce the level of poverty in Surakarta by particular and Indonesia by general.The study took a sample of 91 MSMEs entrepreneurs spread across five districts in the city of Surakarta. Each district taken by SMEs entrepreneurs with purposive sampling method. Mapping MSMEs performance conditions were analyzed descriptively to describe various aspects such as firm age, labor, raw materials, capital and problems faced. While the factors that influence the development of MSMEs were statistically analyzed with multiple regression models.The results showed that the performance of the mapping conditions of SMEs in Surakarta average face problems in raw material costs, labor costs and promotion costs, as well as in the capital. Capital cost and total variable evidenced by the positive and significant impact on the development of the business. While the age factor and the company's workforce does not have a significant influence on the development of SME. It can be understood that the main problem in SMEs are raw materials and capital. There is a type of business that is not easy to obtain raw materials in the market. Therefore SME development strategy with more emphasis on the supply of raw material, marketing, production, and capital.
Capital structure is a balance between the use of the capital itself and the debt. It means how much equity and debt to be used, so that it can produce an optimal capital structure. This study aims to determine the effect of internal and external factors on the capital structure of the banking sector during the financial crisis of 2008-2009. Independent variables used are profitability, growth, asset structure, risk, size, liquidity and IHSG. Beside that, IHSG also has the function as a moderating variable.The method that is used for sample research is purposive sampling. It is based on certain criteria. The research was conducted on 72 samples of listed banks in Bank Indonesia, by using the data pooling. It is the combination between time series and the cross section data. Data analysis uses the analysis tools of regression test that was preceded by the classical assumptions, they are normality, multicollinearity, autocorrelation, and heteroscedasticity. Hypothesis test is done by using the F and T test.The result of the data analysis shows that significant profitability, growth, asset structure, risk, size and IHSG that gives the affect to the capital structure of the bank.While liquidity does not affect the bank's capital structure. IHSG has given the proof that it does not moderate the internal variables of the bank's capital structure.
This study aimed to examine the effect of concentration (Herfindahl index, concentration ratio) and market share (Market Share) torisk taking (Zscore) on go public banks in Indonesia. This study using purposive sampling method with a sample size of 40 biggest bank by assets in the country of Indonesia in 2010-2014.These results indicate that concentration with Herfindahl index proxies positive and significant effect on risk-taking. While the concentration of the proxy Concentration ratio and market share but not significant positive effect on risk-taking.
The objective of this study is to examine the difference of investor reaction on rights issue announcement pursuant to the purpose of using fund in Indonesia capital market. Investor react positively if the most using fund of right issue for investment and investor react negatively if the most using fund of right issue for debt payment. This study also examine influence offering price of right issue to investor reaction.The samples are 55 firms that listing the rights issues in Indonesia Stock Exchange. Event study with 21 event window (from day -10 to day +10) are used to investigate the investor's reaction. Investor reaction is proxyed by abnormal return that was calculated by market-adjusted model. To investigate the determinants in investor's reactions are used linier regression between cumulative abnormal return for several days (determined based on significant abnormal return) as dependent variable and the purpose of using fund with dummy and offering price as independent variables.The conclusions of this study are: (1) investor react to right issue announcement, proved by significant abnormal return around right issue announcement date; (2) investor react positively to right issue announcement that mostly using fund for investment; (3) investor react negatively to right issue announcement that mostly using fund for debt payment; (4) offering price of right issue have positively influential to investor reaction.
This study aims to find empirical evidence on the effect of ownership on the performance of banks in Indonesia. This study uses secondary data with the observation period from 2005 to 2011. The population used in this study include domestic banks, foreign banks, state owned banks, and private banks, which have been listed on the Indonesian Stock Exchange. With purposive sampling method, 21 samples obtained.Proxies of the dependent variable, performance, are Return on Assets and Non-Performing Loans. While the independent variable, ownership, are proxied by Domestic-Foreign (DF) and State-owned Private (SP). In addition there are control variables like diversification (DIV), unutilized funds (GAP), firm size (SIZE), and firm age (AGE).The results of the test show that there is no significant effect of ownership on bank performance, except for the variable SP to NPL. The SP variable shows a negative significant effect on NPL. These results suggest that private banks have a better control on their credit risk. These indicates that using the DF and SP variables as proxies of ownership, to measure performance, which is proxied by ROA and NPL, are only relevant for the variable SP to NPL.
The purpose of this study was to determine the effect of commercialization on the productivity of MFIs in Indonesia by using variable profitability consisting of proxies ROA, ROE, NIM and variable liabilities consisting of proxies size of the loan portfolio and leverage. The research is explanatory research with purposive sampling technique in MFIs in Indonesia to use data sources Microfinance Information Exchange from 2010-2015. The samples used in this study were 40 rural banks.Results showed that the profitability and liabilities simultaneously significant positive effect on Yield Rate. And partially, ROE ROA NIM significant positive effect on Yield Rate with a significance level of 5%, 5% and 5%. While the loan portfolio positive effect was not significant to Yield Rate, and leverage negative effect not significant to Yield Rate. Keywords: productivity, microfinance institutions, profitability, liabilities
This research focused on examining the effects of the board the syariah supervisor, the board of directors, the independent board of commissioners and internal ceo power on performance, and the board structure on performance. The results showed that: 1) There is a significant relationship between the syariah supervisory board and the performance, 2) There is a significant relationship between the board of directors and the performance, 3) There is a significant relationship between independent board and performance, 4) There is no significant relationship between Internal CEO and performance, 5) There is a significant relationship between board structure and performance. Keywords: Sharia Supervision, Governance, Performance, Bank Syariah
This study examines the dynamic correlation between gold and sharia stock as a hedge and safe haven in Indonesian financial markets. Researchers used the A-DCC GARCH Model of daily closing price of gold and sharia stock in JII (Jakarta Islamic Index) for the period of 2007 to 2016. The purpose of this study is to analyze the investment choices that should be done by investors whether gold or sharia or gold and sharia stock equity investments are simultaneously combined to protect financial assets primarily in Indonesia's financial markets. In A-DCC the gold model produces a negative correlation especially during periods of crisis indicating that gold can significantly perform its role as a hedge and a safe place for other assets. The researchers also tested empirically for an effective diversification and hedging portfolio for gold and stock combinations. The findings suggest investors should diversify their portfolio by adding gold. Combining gold and stocks together can be a strong hedge and reduce the risk level for investment in Indonesia. Keywords : Hedging, safe haven, gold, index of islam jakarta, syariah stock
The aim of this research are to investigate the effect of cash conversion cycle on firm profitability and to compare that effect to the effect of classic liquidity ratio on firm profitability. This research is also to investigate the effect of cash conversion cycle on firm firm profitability in different firm sizes and industries. The population of research object is companies listed on Indonesian Stock Exchange from 2006 to 2009. Sampling method used is purposive sampling. Samples consist of member of Manufacture industry represented by Plastic and Glass sub-industry and member of Service industry represented by Transportation Service sub-industry. The statistic tool used is multiple regression. The result shows that the cash conversion cycle has negative effect on firm profitability. There is no difference effect between different industry and firm size. Keywords: cash conversion cycle, firm profitability,industry, firm size