Proceedings of the 16th International Symposium on Management (INSYMA 2019)
Session: Financial Management
14 articles
Proceedings Article
Financial inclusion on small medium enterprise
Agus Zainul Arifin, Mr. Yanuar, Ni Nyoman Sawitri
This study aims to examine the influence of Social Capital, Financial Attitude, and Financial Self Efficacy on Financial Inclusion. This research was conducted on Micro, Small, and Medium Enterprises (MSME) in Jakarta in 2018. The sampling method is incidental sampling. The subject of this research was...
Proceedings Article
Factors affecting company’s cash holding
Arif Herlambang, Werner R. Murhadi, Devia Cendrati
This study aims to analyze the factors affecting several companies’ cash holdings. Some of the factors were net working capital (NWC), cash flow, capital expenditure, leverage, and market-to-book. The samples used in this study were 318 non-financial companies listed in the IDX in 2013-2017. The approach...
Proceedings Article
Company performance before and after a merger
Cicilia Beverly, Bertha Silvia Sutejo, Werner R. Murhadi
This study aims to compare the financial performance of non-finance companies listed on the Indonesia Stock Exchange for the 2010-2014 period before and after a merger and acquisition. This study used the long-term pre and post-merger financial data to investigate the long-term performance. The present...
Proceedings Article
A study on the effects of good corporate governance – gender diversity on the company performance
Clara Claudia Gunawan, Werner R. Murhadi, Mudji Utami
This research aimed at evaluating the effect of Female Directors and Independent Director towards the performance of a company measured by accounting-based and market-based. This research used a sample of 1720 years of observation consisting of 344 companies listed in the Indonesian Stock Exchange. The...
Proceedings Article
Analysis of government financial performance: allocation of capital costs
Eni Wuryani, Yuninigsih Yuninigsih
The study aims to analyze the financial performance of local government to the allocation of capital expenditure. Variable financial performance used consists of the ratio of regional financial independence (RFI), the ratio of the effectiveness of local revenue (ELR) and the degree of contribution of...
Proceedings Article
Ambiguity and inconsistency of investor buying behavior
Ferdinandus Yohanes Nugraha Sutrisno, Putu Anom Mahadwartha
This study aims to examine the effect of Investor's "baper (highly sensitive)" character on purchasing behavior in Indonesia. This study used a quantitative approach with respondents who have “baper” character and never invested in IDX shares. The data source used was primary data by spreading the questionnaire....
Proceedings Article
The effect of board gender diversity on firm risk
Fiona Nathaniel, Endang Ernawati, Putu Anom Mahadwartha
This research aims to analyze the effect of board gender diversity on firm risk with the annualized standard deviation of monthly stock return as a proxy. The independent variables used were board gender diversity, board size, profitability, and firm size. This research used a quantitative approach with...
Proceedings Article
The effect of good corporate governance on capital structure in financial sector firms listed on the Indonesia stock exchange over the period of 2012-2016
Gladys Vashella Kumalasari, Werner R. Murhadi, Liliana Inggrit Wijaya
The purpose of this study is to examine the effect of board size, managerial ownership, institutional investors, profitability, size, and growth as the independent variables on the capital structure of all non-financial companies listed on the Indonesia Stock Exchange. This study used a quantitative...
Proceedings Article
Internationalization, firm performance, and capital structure: an empirical study in Indonesia
Joshua Hendra Edward, Deddy Marciano
The objective of this study is to examine the impact of internationalization, firm performance, and capital structure: an empirical study in Indonesia. This research used industrial manufacturing companies listed on the Indonesian Stock Exchange over the 2012-2016 period. The dependent variable in this...
Proceedings Article
The effect of good corporate governance on dividend policy
Kania Ester Gunawan, Werner R. Murhadi, Arif Herlambang
This study aims to determine the effect of good corporate governance on dividend policy. The study used a sample of all non-financial companies listed on the Indonesia Stock Exchange. This research also used control variables of firm size, profitability, leverage, firm growth, and free cash flow. The...
Proceedings Article
A review of creating shareholder value through the financial management decision
Maryam Mangantar, Joubert B. Maramis, Ivone S. Saerang
In modern companies, financial management decisions (financing, investment, and dividends), can function as a tool to control management behavior by the owner in order to create common goals in achieving profit maximization and owner's wealth. Shareholder value in theory and empirical evidence can be...
Proceedings Article
GCG disclosure and risk profile on bank performance: case studies on state-owned banks
Mr. Sutrisno
This study aims to examine the effect of corporate governance disclosures and risk profiles on bank performance where bank performance was measured by return on assets (ROA) and corporate governance disclosures were measured by a self-assessment conducted by the bank. Moreover, the risk profile consists...
Proceedings Article
Risk based bank rating and stock return a case study on state-owned bank in Indonesia
Sutrisno, Bagus Panuntun
The purpose of this research is to examine the effect of bank soundness as measured by risk based bank rating on stock returns. Risk based bank rating consists of risk profile (credit risk-NPL and liquidity risk-LDR), GCG disclosure, earnings (return on assets-ROA and operating expense to income ratio-OEIR),...
Proceedings Article
A study on short momentum phenomenon
Werner R. Murhadi, Dita Yohana Putri Abrianto
This study aimed at examining the phenomenon of short-term momentum in the Southeast Asian capital market. The sample capital markets were Singapore, Thailand, and Indonesia, with years of observation over the 2014 to 2016 period. Tests were carried out using the one-sample t-test to test whether there...