Kegiatan Penelitian

Dipublikasikan pada Proceding Semnas Univ Andalas Padang 2016

PENGARUH KARAKTERISTIK BISNIS DAN KARAKTERISTIK PENGUSAHA TERHADAP KEBERHASILAN PENGELOLAAN UKM MAHASISWA FE UNESA

Achmad Kautsar

Universitas Negeri Surabaya

achmadkautsar@unesa.ac.id

Nadia Asandimitra Haryono

Universitas Negeri Surabaya

Abstrak

Potensi bisnis di bidang industri kreatif masih terbuka luas untuk digarap pelaku usaha di Indonesia. Kekayaan budaya dan tradisi di Indonesia masih bisa terus digali untuk dikembangkan. Hal tersebut memicu mahasiswa saat ini untuk menyalurkan kreatifitas untuk menghasilkan pendapatan. Pada penelitian ini, variabel keberhasilan digambarkan dari besarnya penjualan usaha, kemudian faktor yang memengaruhi keberhasilan yang digunakan dalam penelitian ini adalah usia, pendidikan, pengalaman kerja, usia bisnis, ukuran perusahaan.

Pendekatan penelitian yang digunakan adalah penelitian kuantitatif. Penelitian ini dirancang sebagai penelitian eksplanasi untuk menjelaskan pokok bahasan tentang pengaruh karakeristik bisnis dan karekteristik pengusaha dengan keberhasilan bisnis UKM di kalangan mahasiswa FE Unesa. Lokasi pelaksanaan penelitian adalah di Fakultas Ekonomi Universitas Negeri Surabaya. Penelitian ini menggunakan sampel 30 mahasiswa yang memiliki karakteristik usaha sendiri.

Hasil penelitian menunjukkan usia, pendidikan, pengalaman kerja (Karakteristik pengusaha) tidak berpengaruh terhadap keberhasilan usaha di kalangan mahasiswa FE Unesa. Hal ini disebabkan karakteristik responden merupakan pengusaha dengan rata-rata berusia antara 19-22 kurang. Adanya pengaruh usia bisnis dan ukuran perusahaan (Karakteristik Bisnis) terhadap keberhasilan usaha di kalangan mahasiswa terjadi karena berkaitan dengan kurva belajar.

Kata kunci: Karakteristik Bisnis, Karakteristik Pengusaha, Keberhasilan Usaha

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Dipublikasikan pada Simposium Riset FMI ke 7 Jakarta 2015

ANALISIS PENGARUH GOOD CORPORATE GOVERNANCE TERHADAP DIVIDEN

PERUSAHAAN PROPERTI DAN KONSTRUKSI PADA BEI TAHUN 2010-2013

Achmad Kautsar

Universitas Negeri Surabaya

zar.manajemen@gmail.com

Trias Madanika Kusumaningrum

Universitas Negeri Surabaya

triasmadanika@gmail.com

Abstract

This paper aims to document the interaction between good corporate governance and dividend payout on the Indonesian Stock Exchange (IDX). Dividend payout has been an issue of interest in financial literature. Panel data covering a period from 2010 to 2013. The population are 55 companies in property and building construction sector. The paper reports institutional ownership have a statistically negative effect on dividend payout. But managerial ownership is not significant on dividend payout among the corporate governance variables. The results also indicate that profitability haven’t effect on dividend payout. The other side, leveraged firms would significantly reduce dividend payments. Finally, firm size were found to be negative significant determinants of dividend payout on the property and building construction sector.

  Keywords: good corporate governance, dividend payout

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(Dipublikasikan pada Journal of Research in Economics and Management Volume 15, No 1, Januari - Juni 2015)

ANALISIS PENGARUH GOOD COORPORATE GOVERNANCE TERHADAP KINERJA PERUSAHAAN YANG DIMEDIASI STRUKTUR MODAL

PADA PERUSAHAAN PERTAMBANGAN YANG LISTED DI BEI 2009-2012

Achmad Kautsar

Universitas Negeri Surabaya

Email: zar.manajemen@gmail.com

Trias Madanika Kusumaningrum

Universitas Negeri Surabaya

Email: triasmadanika@gmail.com

Abstract

The main objective of the study is to analyze the impact of these Good Corporate Governance on Firm Performance whichcan mediate with Capital Structure. Data is used secondary data that Published on Mining Sector in Indonesian Stock Exchange from 2009-2012. This analisys used Secondary Regression and Sobel Test. Sampling technique used here is purposive sampling, andfrom the31listed companies, only 8 companies that can be sampled.The first result of this study is Good Corporate Governance have not significant on Firm Performance; second result of this study is Good Corporate Governance have not significant on Capital Structure; third result of this study is Capital Structure have significant on Firm Performance. The last resul, Capital Structure isn’t proved to be a mediating variable of Good Corporate Governance to Firm Performance.

Keywords: Good Corporate Governance, Firm Performance, Capital Structure

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(Dipublikasikan pada Jurnal Bisnis Strategi Vol 23, No 2 (2014))

ANALISIS PENGARUH FIRM SIZE, DER, DAN SALES GROWTH TERHADAP DIVIDEND PAYOUT RATIO DENGAN ROE SEBAGAI VARIABEL INTERVENING PADA  PERUSAHAAN NON KEUANGAN YANG LISTED DI BEI TAHUN 2009-2011

Achmad Kautsar, S.E., M.M.

Universitas Diponegoro Semarang

zar.manajemen@gmail.com

Abstract

This research studies the relation between Firm Size, DER, Sales Growth, and ROE on Dividend Payout all non financial firms which listed in the Indonesian Stock Exchange from 2009-2011. Dividend payout has been an issue of interest in financial literature. The problems in this research is still have an inconsistency of data empirical phenomena and still found a gap research that examines the  Dividend Payout  Ratio which is measured by Firm Size, Debt Equity Ratio, and Sales Growth. Moreover, this research try to test ROE as an intervening variable.

In this research using the technique of path analysis with AMOS. Sampling technique used here is purposive sampling, and from the 461 listed companies, only 77 companies that can be sampled. Before using the path analysis, we must do the test assumption of normality and outliers.

The research found a significant positive relations Firm Size and ROE on DPR, as well as a significant positive relations Firm Size and Sales Growth on ROE. The research also found a significant negative relationship DER on DPR. However, this research has found no significant effect Sales Growth on DPR, as well as in relation DER on ROE. ROE was found able to be intervening variables for influence of Firm Size on DPR. While in the test influence of DER and Sales Growth on DPR, ROE can’t be intervening variable.

          

Keyword : Return On Equity (ROE), Firm Size, Debt to Equity Ratio (DER), Sales Growth , dan Dividend Payout Ratio (DPR)

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(Dipublikasikan pada Jurnal BISMA UNESA)

PENGARUH RETURN ON EQUITY(ROE),

DEBT TO EQUITY RATIO (DER), INVESTMENT OPPORTUNITY SET  (IOS), DAN INFLASI TERHADAP DIVIDEND PAYOUT RATIO (DPR)

(Studi : Pada Perusahaan Property and Real Estate

yang Listed di BEI Tahun 2006-2009)

Achmad Kautsar

Universitas Negeri Surabaya

zar.manajemen@gmail.com

Abstract

Industrial development real estate and properties in Indonesia drove the rapid post-financial crisis in 1998, indicated by increasing capacity of national property and reduced level of NPL property loans. On the other, the distribution of dividend to shareholders decreased, even many who do not share. The research was also supported by the existence of the research gap from previous studies. This study aims to examine the influence of Return On Equity (ROE), Debt to Equity Ratio (DER), Investment Opportunity Set  (IOS), and Inflation toward Dividend Payout Ratio (DPR) on property and real estate companies which listed on Indonesian Stock Exchange 2006-2009. Data obtained from the publication of the company’s performance summary report published in IDX. It is gained sample amount of 6 companies from 41 companies those listed on Indonesian Stock Exchange.

The analysis technique used here is multiple regressions with the least square difference and hypothesis test using t-statistic to examine partial regression coefficient and F-statistic to examine the mean of mutual effect with level of significance 0,05 or 5%. In addition, classical assumption is also performed including normality test, multicolinearity test, heteroscedasticity test and autocorrelation test. Based on the results of the study did not find any irregularities classical assumptions.

The analysis indicates that ROE variable partially significant toward DPR in property and real estate company which is listed in BEI over period 2006- 2009. While the DER, IOS and Inflation variable partially not significant toward DPR. Simultaneously the ROE, DER, IOS and Inflation have significant influence to DPR, it proved by sig-F value lower than 5% significances. Predictable of four variables toward DPR is 41,8% as indicated by adjusted R square that is 41,8% while the rest 58,2% is affected by other factors which are not included into the study model.

Keywords : Return On Equity (ROE), Debt to Equity Ratio (DER), Investment Opportunity Set  (IOS), Inflasi, dan Dividend Payout Ratio (DPR)