Pub Date : 2020-04-04DOI: 10.33830/jom.v3i2.795.2007
Hendrik Gamaliel
One of factors causing expectation gap is difference in perception of expectation on audited financial statements among users of audited financial statements. The different perception rises due to different perspective in dimensions of responsibility, reliability, and usefulness of audited financial statements. Expectation gap is a rising problem that can influence credibility of accountant profession. The aim of this research is to analyze perception of student empirically - particularly accounting and management students- on audit result and audited financial statements in relation to responsibility, reliability and usefulness of audited financial statements. This research used students as proxy of financial statement users.Data was collected through questionnaire using random sampling method. Sample was student of Accounting and Management Departments attending Profession Education and S2 program in Faculty of Economics and Business, Gadjah Mada University Yogyakarta (UGM). It used research instrument of Best, Buckby, & Tan (2001), with few necessary modifications. Testing used one way analysis of variance (ANOVA). Result of the research indicated empirical evidence that there was different perception among student, particularly accounting and management student, on audit result and audited financial statements in relation to dimension of auditor responsibility. Meanwhile, in relation to dimensions of reliability, and usefulness of audit result and audited financial statements, there was no different perception.
{"title":"ANALISA PERSEPSI MAHASISWA TERHADAP HASIL AUDIT DAN LAPORAN KEUANGAN AUDITAN DALAM KAITANNYA DENGAN TANGGUNG JAWAB, KEANDALAN DAN KEGUNAAN UNTUK MENILAI KINERJA PERUSAHAAN MASA DEPAN","authors":"Hendrik Gamaliel","doi":"10.33830/jom.v3i2.795.2007","DOIUrl":"https://doi.org/10.33830/jom.v3i2.795.2007","url":null,"abstract":"One of factors causing expectation gap is difference in perception of expectation on audited financial statements among users of audited financial statements. The different perception rises due to different perspective in dimensions of responsibility, reliability, and usefulness of audited financial statements. Expectation gap is a rising problem that can influence credibility of accountant profession. The aim of this research is to analyze perception of student empirically - particularly accounting and management students- on audit result and audited financial statements in relation to responsibility, reliability and usefulness of audited financial statements. This research used students as proxy of financial statement users.Data was collected through questionnaire using random sampling method. Sample was student of Accounting and Management Departments attending Profession Education and S2 program in Faculty of Economics and Business, Gadjah Mada University Yogyakarta (UGM). It used research instrument of Best, Buckby, & Tan (2001), with few necessary modifications. Testing used one way analysis of variance (ANOVA). Result of the research indicated empirical evidence that there was different perception among student, particularly accounting and management student, on audit result and audited financial statements in relation to dimension of auditor responsibility. Meanwhile, in relation to dimensions of reliability, and usefulness of audit result and audited financial statements, there was no different perception.","PeriodicalId":293886,"journal":{"name":"Jurnal Organisasi dan Manajemen","volume":"67 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132882369","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-04-04DOI: 10.33830/jom.v3i2.794.2007
Ginta Ginting
Tulisan ini mengetengahkan suatu model untuk mereposisi sektor pariwisata di Indonesia dengan menekankan pada pengembangan strategi pemasaran. Pengembangan model ini lebih melihat pada aspek kontekstual strategis. Bahasan terfokus pada repositioning pariwisata dengan menggunakan tiga tahapan strategis: analisis situasi saat ini, proses dan implementasi. Beberapa teori pemasaran seperti differentiation, segmentation dan positioning digunakan sebagai pendekatan untuk mengidentifikasi persepsi dan preferensi konsumen terhadap produk dan service yang dihasilkan oleh sektor pariwisata. Paradigma ‘cultur base’ yang melandasi teori ini menggunakan pendekatan konsep experience marketing yang menekankan pada sisi keatraktifan dan keunikan dalam menciptakan competitive advantage. Model ini diharapkan dapat bermanfaat dalam memecahkan problem sektor pariwisata secara komprehensif.
{"title":"REPOSITIONING TOURISM IN INDONESIA USING CONCEPTUAL MODEL OF STRATEGIC MARKETING","authors":"Ginta Ginting","doi":"10.33830/jom.v3i2.794.2007","DOIUrl":"https://doi.org/10.33830/jom.v3i2.794.2007","url":null,"abstract":"Tulisan ini mengetengahkan suatu model untuk mereposisi sektor pariwisata di Indonesia dengan menekankan pada pengembangan strategi pemasaran. Pengembangan model ini lebih melihat pada aspek kontekstual strategis. Bahasan terfokus pada repositioning pariwisata dengan menggunakan tiga tahapan strategis: analisis situasi saat ini, proses dan implementasi. Beberapa teori pemasaran seperti differentiation, segmentation dan positioning digunakan sebagai pendekatan untuk mengidentifikasi persepsi dan preferensi konsumen terhadap produk dan service yang dihasilkan oleh sektor pariwisata. Paradigma ‘cultur base’ yang melandasi teori ini menggunakan pendekatan konsep experience marketing yang menekankan pada sisi keatraktifan dan keunikan dalam menciptakan competitive advantage. Model ini diharapkan dapat bermanfaat dalam memecahkan problem sektor pariwisata secara komprehensif.","PeriodicalId":293886,"journal":{"name":"Jurnal Organisasi dan Manajemen","volume":"93 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129956867","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-04-04DOI: 10.33830/jom.v3i2.797.2007
Jan Hotman
This study aimed to know performance of food crops sector in North Sumatera Province. The sector roles were analyzed by linkages. The data was the North Sumatera Province Input Output data, year 2002 update from year 2000. Data was analyzed by using Grimp 7.1. The result show indicate that linkages the food crops sector haven law with other sectors
{"title":"KETERKAITAN SEKTOR TANAMAN BAHAN MAKANAN DENGAN SEKTOR PEREKONOMIAN LAINNYA DI PROPINSI SUMATERA UTARA","authors":"Jan Hotman","doi":"10.33830/jom.v3i2.797.2007","DOIUrl":"https://doi.org/10.33830/jom.v3i2.797.2007","url":null,"abstract":"This study aimed to know performance of food crops sector in North Sumatera Province. The sector roles were analyzed by linkages. The data was the North Sumatera Province Input Output data, year 2002 update from year 2000. Data was analyzed by using Grimp 7.1. The result show indicate that linkages the food crops sector haven law with other sectors","PeriodicalId":293886,"journal":{"name":"Jurnal Organisasi dan Manajemen","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131837289","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-09-05DOI: 10.33830/jom.v15i2.702.2019
Prayitno, Sutrisno, Mahben Jalil
Rapid external changes without being followed by internal changes will have a negative impact on tertiary institutions. Internal change begins with the ability of senior lecturers because they are at the forefront in following changes. Organizational commitment is evidenced by the high quality of the lecturers’ work ability. This study utilized combined research methods or exploratory mix methods with data taken from forlap dikti and Sinta, and quantitative and qualitative analysis using WAI (Work Ability Index). Results of the study showed that the work ability of senior lecturers is lacking (0.1-1), while organizational commitment is still low as evidenced by the results of scientific journals during the past three years. The innovation of this study is the Emotional Work Community (EWC) as a concept model to improve lecturers' performance abilities that are lacking.
{"title":"The Effect of Disrupting Changes on Senior Lecturers Performance","authors":"Prayitno, Sutrisno, Mahben Jalil","doi":"10.33830/jom.v15i2.702.2019","DOIUrl":"https://doi.org/10.33830/jom.v15i2.702.2019","url":null,"abstract":"Rapid external changes without being followed by internal changes will have a negative impact on tertiary institutions. Internal change begins with the ability of senior lecturers because they are at the forefront in following changes. Organizational commitment is evidenced by the high quality of the lecturers’ work ability. This study utilized combined research methods or exploratory mix methods with data taken from forlap dikti and Sinta, and quantitative and qualitative analysis using WAI (Work Ability Index). Results of the study showed that the work ability of senior lecturers is lacking (0.1-1), while organizational commitment is still low as evidenced by the results of scientific journals during the past three years. The innovation of this study is the Emotional Work Community (EWC) as a concept model to improve lecturers' performance abilities that are lacking.","PeriodicalId":293886,"journal":{"name":"Jurnal Organisasi dan Manajemen","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129378136","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-09-05DOI: 10.33830/jom.v15i2.705.2019
Noorina Hartati, Rini Dwiyani Hadiwidjaja
Intellectual Capital (IC) consists of VACA (CE), VAHU (HC), STVA (SC), Ownership Managerial (OM), and Institutional Ownership (OI). This study aims to examine whether Intellectual Capital (IC) has a positive effect on company performance, which is proxied by ROA and ROE, with the Leverage and Total Assets as control variables. Specifically, the researcher tested eight (8) hypotheses using multiple linear regression (p-values). The results of multiple linear regression tests (p-value) show that the variables VACA (CE), VAHU (HC), STVA (SC), and Intellectual Capital (VAICtm) have a positive effect on SMEs financial performance, both with ROA and ROE proxies. However, Ownership Managerial (OM) and Ownership Institutional (OI) variables do not affect both ROA and ROE. Then for the control variable, leverage affects ROA, while Total Assets affect ROE. Therefore, the research further strengthens previous studies that Intellectual Capital and its components, which include Employed Capital, Human Capital, and Structural Capital, affect SME's financial performance, both through ROA and ROE. VAICTM is the best indicator to measure IC (Intellectual Capital). The improvement of the financial performance of Small and Medium Enterprise (SMEs), it is necessary to pay attention to their employees (HC), capital structure (CE), and organizational structure in the company (SC).
{"title":"The Value Relevance of Intellectual Capital and Ownership Structure on the SMEs Performance","authors":"Noorina Hartati, Rini Dwiyani Hadiwidjaja","doi":"10.33830/jom.v15i2.705.2019","DOIUrl":"https://doi.org/10.33830/jom.v15i2.705.2019","url":null,"abstract":"Intellectual Capital (IC) consists of VACA (CE), VAHU (HC), STVA (SC), Ownership Managerial (OM), and Institutional Ownership (OI). This study aims to examine whether Intellectual Capital (IC) has a positive effect on company performance, which is proxied by ROA and ROE, with the Leverage and Total Assets as control variables. Specifically, the researcher tested eight (8) hypotheses using multiple linear regression (p-values). The results of multiple linear regression tests (p-value) show that the variables VACA (CE), VAHU (HC), STVA (SC), and Intellectual Capital (VAICtm) have a positive effect on SMEs financial performance, both with ROA and ROE proxies. However, Ownership Managerial (OM) and Ownership Institutional (OI) variables do not affect both ROA and ROE. Then for the control variable, leverage affects ROA, while Total Assets affect ROE. Therefore, the research further strengthens previous studies that Intellectual Capital and its components, which include Employed Capital, Human Capital, and Structural Capital, affect SME's financial performance, both through ROA and ROE. VAICTM is the best indicator to measure IC (Intellectual Capital). The improvement of the financial performance of Small and Medium Enterprise (SMEs), it is necessary to pay attention to their employees (HC), capital structure (CE), and organizational structure in the company (SC).","PeriodicalId":293886,"journal":{"name":"Jurnal Organisasi dan Manajemen","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130701853","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-09-04DOI: 10.33830/jom.v15i2.734.2019
Abel Gandhy, Michael Chang, Siti Rahmi
Taman Wisata Lebah is tourism service based on honey bees. It is one of the pioneer of the apitourism in Indonesia. The objective of this reserach are to analyze the service quality and customer satisfaction of Taman Wisata Lebah. Research method used in this research is quantitative. Respondent in this research are 100 respondents, using purposive sampling technique. Data analysis techniques are Importance Performance Analysis (IPA) and Customer Satisfaction Index (CSI). Based on the calculation of CSI, the number is indicated that in general consumers of Taman Wisata Lebah are satisfied with the services provided. Findings. Based on the calculation of Importance Performance Analysis, there are five attributes with high importance and low performance and highly recomended to improve. The atributes consists of provide more safety equipment for customers, evaluate staff shifting schedule to ensure the existence of staff in field, improvement product knowledge for field staff, create safety box for bee colony. Overall, service quality in Taman Wisata Lebah is excellent.
Taman Wisata Lebah是一项基于蜜蜂的旅游服务。它是印尼旅游业的先驱之一。本研究的目的是分析塔曼·维萨塔·勒巴的服务质量和顾客满意度。本研究采用的研究方法是定量的。本研究的调查对象为100人，采用有目的的抽样方法。数据分析技术有重要性绩效分析(IPA)和顾客满意度指数(CSI)。通过CSI的计算，表明Taman Wisata Lebah的消费者对提供的服务总体上是满意的。发现。根据重要性绩效分析的计算，有5个属性具有高重要性和低绩效，并且强烈建议改进。属性包括为客户提供更多的安全设备，评估员工轮班时间表以确保现场员工的存在，提高现场员工的产品知识，为蜂群创造安全箱。总的来说，塔曼威萨塔勒巴的服务质量非常好。
{"title":"Service Quality and Customer Satisfaction in the Apiculture-Based Agritourism","authors":"Abel Gandhy, Michael Chang, Siti Rahmi","doi":"10.33830/jom.v15i2.734.2019","DOIUrl":"https://doi.org/10.33830/jom.v15i2.734.2019","url":null,"abstract":"Taman Wisata Lebah is tourism service based on honey bees. It is one of the pioneer of the apitourism in Indonesia. The objective of this reserach are to analyze the service quality and customer satisfaction of Taman Wisata Lebah. Research method used in this research is quantitative. Respondent in this research are 100 respondents, using purposive sampling technique. Data analysis techniques are Importance Performance Analysis (IPA) and Customer Satisfaction Index (CSI). Based on the calculation of CSI, the number is indicated that in general consumers of Taman Wisata Lebah are satisfied with the services provided. Findings. Based on the calculation of Importance Performance Analysis, there are five attributes with high importance and low performance and highly recomended to improve. The atributes consists of provide more safety equipment for customers, evaluate staff shifting schedule to ensure the existence of staff in field, improvement product knowledge for field staff, create safety box for bee colony. Overall, service quality in Taman Wisata Lebah is excellent.","PeriodicalId":293886,"journal":{"name":"Jurnal Organisasi dan Manajemen","volume":"52 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133124724","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-09-04DOI: 10.33830/jom.v15i2.733.2019
Septian Indra Kusuma, A. Atahau
The purpose of this study is to determine the efficiency level of Islamic commercial banks and Sharia Business Units for the period of 2012-2017 and to examine the existence of size effect in bank efficiency. Using Data Envelopment Analysis (DEA) method, this research employs total assets, deposits, and operating costs as the inputs, while the output is total financing and operating income. The samples are 11 Islamic commercial Banks and 20 Sharia Business Units. Results of this study show that Islamic commercial banks are more efficient than Sharia Business Units during the period of analysis and large Islamic commercial banks are more efficient than small sharia business units which provide evidence of size effect existence in bank efficiency. Thus, the policymaker needs to consider bank size in policy formulation regarding bank efficiency.
{"title":"Islamic Commercial Banks and Sharia Business Units; How Efficient Are They?","authors":"Septian Indra Kusuma, A. Atahau","doi":"10.33830/jom.v15i2.733.2019","DOIUrl":"https://doi.org/10.33830/jom.v15i2.733.2019","url":null,"abstract":"The purpose of this study is to determine the efficiency level of Islamic commercial banks and Sharia Business Units for the period of 2012-2017 and to examine the existence of size effect in bank efficiency. Using Data Envelopment Analysis (DEA) method, this research employs total assets, deposits, and operating costs as the inputs, while the output is total financing and operating income. The samples are 11 Islamic commercial Banks and 20 Sharia Business Units. Results of this study show that Islamic commercial banks are more efficient than Sharia Business Units during the period of analysis and large Islamic commercial banks are more efficient than small sharia business units which provide evidence of size effect existence in bank efficiency. Thus, the policymaker needs to consider bank size in policy formulation regarding bank efficiency.","PeriodicalId":293886,"journal":{"name":"Jurnal Organisasi dan Manajemen","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129842302","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-09-04DOI: 10.33830/jom.v15i2.712.2019
Syufriadi Ibrahim, D. Nurrochmat, A. Maulana
The main objective of this research is to analyze the strategy of developing the footwear business. Case studies were carried out at CV Hikmah Shoes Bogor. The initial analysis was carried out by identifying the business of the ongoing CV Hikmah Shoe model and analyzing the external and internal scope to identify problems that occurred in the company. The descriptive method used to identify CV Hikmah Shoes Bogor using, Internal Factor Matrix (IFE) and External Evaluation Factor (EFE) used to analyze internal and external factors at CV Hikmah Shoesr. SWOT matrix selected to determine the strategy to be implemented and Quantitative Strategy Planning Matrix (QSPM) is used as a process to determine strategic priorities for the company. The results of the SWOT Matrix in this study produced six alternative strategies that were chosen as development strategies at CV Hikmah Shoes, Bogor. results The best strategy taken in developing the footwear business is to maximize promotion and marketing using social media or e-commerce and to continue with the improvement business.
{"title":"SMEs Development Strategy of Footwear Business","authors":"Syufriadi Ibrahim, D. Nurrochmat, A. Maulana","doi":"10.33830/jom.v15i2.712.2019","DOIUrl":"https://doi.org/10.33830/jom.v15i2.712.2019","url":null,"abstract":"The main objective of this research is to analyze the strategy of developing the footwear business. Case studies were carried out at CV Hikmah Shoes Bogor. The initial analysis was carried out by identifying the business of the ongoing CV Hikmah Shoe model and analyzing the external and internal scope to identify problems that occurred in the company. The descriptive method used to identify CV Hikmah Shoes Bogor using, Internal Factor Matrix (IFE) and External Evaluation Factor (EFE) used to analyze internal and external factors at CV Hikmah Shoesr. SWOT matrix selected to determine the strategy to be implemented and Quantitative Strategy Planning Matrix (QSPM) is used as a process to determine strategic priorities for the company. The results of the SWOT Matrix in this study produced six alternative strategies that were chosen as development strategies at CV Hikmah Shoes, Bogor. results The best strategy taken in developing the footwear business is to maximize promotion and marketing using social media or e-commerce and to continue with the improvement business. \u0000 ","PeriodicalId":293886,"journal":{"name":"Jurnal Organisasi dan Manajemen","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128112199","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-09-04DOI: 10.33830/jom.v15i2.736.2019
Agustina Ekasari, Jasanta Peranginangin
This research aims to find path analysis that influencing emloyee performance in Indonesia manufacturing company. Design of this research is quantitative methode, There is 150 questionaires spreaded to manufacturing company. This research using multivariate anlysis with Statistical Package for the Social Sciences (SPSS). The result of this paper will described the important factors to build employee performance in manufacturing company. This study will strengtened the previous research about employee performance in manufacturing company. This research finding provides conceptual framework job satisfaction and employee performance. there are six hypotheses developed in this study, there are Four accepted hypotheses and two rejected hypotheses. This research will contributed to the body of knowledge, particularly in human resource management science.
{"title":"Predictors Employee Performance In Indonesian Manufacturing Company Using Path Anlysis","authors":"Agustina Ekasari, Jasanta Peranginangin","doi":"10.33830/jom.v15i2.736.2019","DOIUrl":"https://doi.org/10.33830/jom.v15i2.736.2019","url":null,"abstract":"This research aims to find path analysis that influencing emloyee performance in Indonesia manufacturing company. Design of this research is quantitative methode, There is 150 questionaires spreaded to manufacturing company. This research using multivariate anlysis with Statistical Package for the Social Sciences (SPSS). The result of this paper will described the important factors to build employee performance in manufacturing company. This study will strengtened the previous research about employee performance in manufacturing company. This research finding provides conceptual framework job satisfaction and employee performance. there are six hypotheses developed in this study, there are Four accepted hypotheses and two rejected hypotheses. This research will contributed to the body of knowledge, particularly in human resource management science.","PeriodicalId":293886,"journal":{"name":"Jurnal Organisasi dan Manajemen","volume":"102 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115893614","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-09-03DOI: 10.33830/jom.v15i2.709.2019
Rubianto Pitoyo, Afriany
The purpose of this study is to look for factors that differentiate bond ratings listed on PEFINDO. This study uses 32 random samples of corporate bond ratings listed on PEFINDO, and will be analyzed using the multiple discriminant method. The results of this study are of 5 independent variables; corporate size, debt variation, net profit margin, debt to equity, and profit consistency, only 3 independent variables; debt variation, net profit margin and profit consistency that are able to differentiate the bond rating of corporates listed on PEFINDO. Based on the analysis using the Stepwise method, the net profit margin variable is the first variable used for analysis, where the net profit margin variable cannot partially distinguish the bond rating group. In the second stage, the results by using 2 variables, net profit margin and profit consistency are obtained that these two variables are able to distinguish groups of bonds ranked A and AA. Whereas when the debt variation variable is added, then these three variables can distinguish bonds ranked AAA, AA and A.
{"title":"What the Factors Differentiates Bond Ratings?","authors":"Rubianto Pitoyo, Afriany","doi":"10.33830/jom.v15i2.709.2019","DOIUrl":"https://doi.org/10.33830/jom.v15i2.709.2019","url":null,"abstract":"The purpose of this study is to look for factors that differentiate bond ratings listed on PEFINDO. This study uses 32 random samples of corporate bond ratings listed on PEFINDO, and will be analyzed using the multiple discriminant method. The results of this study are of 5 independent variables; corporate size, debt variation, net profit margin, debt to equity, and profit consistency, only 3 independent variables; debt variation, net profit margin and profit consistency that are able to differentiate the bond rating of corporates listed on PEFINDO. Based on the analysis using the Stepwise method, the net profit margin variable is the first variable used for analysis, where the net profit margin variable cannot partially distinguish the bond rating group. In the second stage, the results by using 2 variables, net profit margin and profit consistency are obtained that these two variables are able to distinguish groups of bonds ranked A and AA. Whereas when the debt variation variable is added, then these three variables can distinguish bonds ranked AAA, AA and A.","PeriodicalId":293886,"journal":{"name":"Jurnal Organisasi dan Manajemen","volume":"122 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131591908","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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