ORIGINAL RESEARCH ARTICLE | Aug. 19, 2020
The Effect of Devidend Payout Ratio, Assets Growth on Corporate Value with Debt to Equity Ratio as Moderating Variable (Empirical Study on Manufacturing Company Consumer Goods Industry Sectors listed in Indonesia Stock Exchange 2015-2018)
Rona Tumiur Mauli Carolin Simorangkir
Page no 455-465
This study aims to analyze the affect of dividend payout ratio, asset growth, and Debt to Equity Ratio as a moderation on corporate value. The independent variables used in this study are Dividend Payout Ratio (DPR), Total Asset Growth (TAG), and Debt to Equity Ratio (DER). The dependent variable used is the corporate value with the proxy Tobin's Q. The research sample is a manufacturing company of Consumer Goods Industry that is listed on the Indonesia Stock Exchange (IDX) with a research period of 2015-2018. Data was collected by purposive sampling method. The Data analysis method used is multiple linear regression method by performing statistical testing between variabels. The result of this study indicate that the t-test, Dividend policy (DPR) affect on corporate value. Asset growth (TAG) has no affect on corporate value. DER variable is a moderating variable that affects the relationship between the DPR and Corporate Value Debt to Equity Ratio (DER) affect on corporate value. DER strengthens DPR’s relationship with corporate value. DER variable as a moderating variable does not affect the relationship of AG with Corporate Value.
ORIGINAL RESEARCH ARTICLE | Aug. 20, 2020
Analysis the Influence of Investment Knowledge and Investment Habits against the Investment Champion in the Pandemic COVID Period: Evidence from Indonesia
Page no 466-472
Knowledge of investment regarding the characteristics of benefits and costs of mutual fund products is still very minimal and access to market information on the mutual fund is limited which can be an investment alternative that can be used by the Samarinda community. This Community Service Program aims to provide investment knowledge of mutual fund products through online media whose information can be accessed by every community, especially Samarinda. The PkM program was implemented in 5 sub-districts of welcome sub-districts and 5 sub-districts of Sungai Pinang sub-district on July 8 to August 18 2020 using the online / virtual face-to-face meeting method with online problem solving steps, namely the first step to provide investment knowledge education and introduction to mutual fund product characters, the second step is distributing online questionnaires to community respondents, the third step is processing the questionnaire data, and the fourth step is collecting empirical references and interpreting the observed data. The pandemic covid 19, this motion as investors turned the people of refracting life changed, his extensive and complex investment and the confidence to reach the fixed investment can be achieved .This research includes 268 respondents, the data processed with validity test, reliability test and hypotheses test with analysis 1-10 scale semantic, the independent variable obtained that investment 56,2 percent knowledge and confidence can explain the variable dependent of champion investment in the pandemic covid19 Samarinda Town Kalimantan east of Indonesian society.
ORIGINAL RESEARCH ARTICLE | Aug. 24, 2020
The Effect of Transformational Leadership, Perceived Organizational Support and Workload on Turnover Intention Sharia Banking Company in Jakarta
Noviana Masta, Setyo Riyanto
Page no 473-481
Nowadays, although the technology keeps developing, the quantity of human resources who have competence and expertise in sharia economic continues to be minimum. It gives several direct impacts on sharia banking. One of the direct impacts is high turnover intention. The purpose of this study was to look at the Transformational Leadership effect, Perceived Organizational Support, and Workload on Turnover Intention in one of sharia banking in Jakarta. Samples of the study were employees who worked at one of sharia banking in Jakarta. Sampling was conducted using nonprobability techniques, which is purposive sampling with the Slovin formula of 101 people. This study was conducted quantitatively, and the analysis method used in this study was multiple linear regression analysis. The results of the study showed that transformational leadership, perceived organizational support and workload variables have a significant effect on turnover intention. The result of the study also showed that what affects turnover intention the most is workload. It was proven by the results of the simultaneous test (F test) and partial test (t-test) which showed the numerous value of three independent variables that supported the hypothesis.