This study analyzes the behavior of cash compensation, corporate governance, dividend policy and the performance of the Banking Industry in Indonesia. This study uses 33 go-public banks that are listed on the Indonesia Stock Exchange with 165 observations in 2014-2018. The analytical method uses Panel data regression with the Random Effect Model (REM). The results of the regression data obtained by the executive compensation had a significant positive effect on company performance, the proportion of compensation received by executives tended to have a direct impact on firm value. The results also showed that dividend policy had a significant positive effect on firm value, the greater the number of dividends distributed gave a positive signal to the market.
This paper aims to explore the role of a visionary leader in rebuilding the city's civilization dubbed the ghost town as a result of being abandoned by its inhabitants because of the cessation of mining activity in Sawahlunto City. This mayor-level visionary leader's role is considered successful as an example of a successful visionary leader for achievement in reviving the dying city and making the city a growing economy. The methodology used in this study is a literature review and a comprehensive library review and case study approach. The collecting data were conducted by interviewing some local communities and women entrepreneurs in Sawahlunto to strengthen this study. The interview was recorded in video recording. The success of the visionary leader begins with the success of the leader on the city's vision. The regulatory legitimacy becomes a reference and common goal in building the city. The success is associated with the vision implementation sustainability through real action by the next leadership's successor encompasses the key success factor. The success is indicated by the achievement gained in 2019 as one of the world Heritage Sites by UNESCO. However, some questions are proposed related to the city's vision sustainability on age and destination, the forming of cadres of leadership, and the next leader's vision commitment.
Desain penelitian ini adalah desain pengujian hipotesis. Populasi penelitian ini meliputi seluruh Bank Umum swasta Nasional Non Devisa selama periode 2013-2019. Teknik pemilihan sampel menggunakan metode Purposive sampling dan data penelitian diperoleh 18 bank. Metode analisis data yang digunakan adalah analisis regresi dengan data panel. Hasil penelitian ini menunjukkan : Capital Adequacy Ratio (CAR) berpengaruh negatif dan tidak signifikan, kemudian Non Performing Loan (NPL), Biaya Operasional terhadap pendapatan operasional (BOPO), Loan to Deposit Ratio (LDR), Inflasi, dan Ukuran Perusahaan (Size) berpengaruh positif tidak signifikan. Sedangkan Return On Assets (ROA) satu-satunya variabel yang memiliki pengaruh positif dan siginifikan terhadap financial sustainability ratio (FSR). Nilai adjusted R square sebesar 0,236, menunjukkan bahwa Financial Sustainability Ratio (FSR) dipengaruhi oleh Loan to Deposit Ratio (LDR), Non Performing Loan (NPL), Return On Assets (ROA), Biaya Operasional terhadap pendapatan operasional (BOPO), Capital Adequacy Ratio (CAR), Inflasi, dan Ukuran Perusahaan (Size) sebesar 23,6 % , sedangkan sisanya 76,3% dipengaruhi oleh faktor lain yang tidak diteliti dalam penelitian ini. Hasil penelitian ini dapat digunakan untuk melakukan penelitian selanjutnya, dan menambah wawasan pengetahuan dalam bidang perbankan, khususnya dalam kinerja keuangan perbankan. Sehingga investor/nasabah dapat lebih mudah membuat keputusan dengan adanya informasi terhadap kinerja keuangan perushaan yang terkait.
Capital structure is increasingly important in determining the optimal combination of funding for investment needs that can increase firm value from profitability. The study aims to examine the effect of capital structure on profitability of electricity companies in Southeast Asia. The study used multiple regression model represented by pooled least square to calculate 48-panel data from the annual financial report during the time period of 2009-2016. We utilized short-term debt to total assets (STD), long-term debt to total assets (LTD), total debt to total assets (TD), and debt to equity ratio (DER) as proxies of capital structure (independent variables). Operating income margin (OIM), return on asset (ROA), and return on equity (ROE) were the profitability proxies (dependent variables). Firm size and firm age were used as control variables in the study. The results of this study indicate that STD and LTD have a negative relationship that consequently has significant effect on LTD and OIM. Other than positive and negative relationships between the capital structure (TD and DER) and profitability, this study also finds that TD and DER have positive significant influence on OIM and ROE, but have negative insignificant relation with ROA. Thus, it is necessary to optimize the capital structure by adjusting the target of capital structure that can provide a balance on the marginal cost and marginal benefit.
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