The purpose of this research is to identify the risk management process and the sources of risk, to assess the risks that may arise and to analyze the strategies that will be carried out by MSMEs in dealing with or managing these risks in the city of Banjarmasin. This research was conducted in accordance with the risk management process (ISO 31000:2018), namely risk identification, risk analysis, risk evaluation and risk treatment. The population of this research is all MSME business actors in Banjarmasin City. Based on this population, a stratified random sampling method was used for the sampling method of MSME business actors. This is done to reduce the error rate. The use of this sampling method is because the MSMEs that are the research subjects are MSMEs with different types of businesses and occupying different geographical locations. According to Roscoe (1975) quoted by Uma Sekaran (2006). To obtain good results, the number of samples is between 30 and 500. So the number of samples used in this study is 30 SMEs. Home industry products of Tanggui, Crackers and Sasirangan in Banjarmasin City. The results of the identification and risk analysis show that there are 6 main risks faced by MSMEs. The research data are: (1) Capital Risk: (a) lack of capital, and (b) difficulties in accessing capital and capital assistance from banks. (2) HR risk: (a) lack of experts in the production process, (b) lack of training from related parties, and (c) conventional financial management. (3) The risk of raw materials: (a) The price of raw materials continues to rise (expensive), and (b) the durability of raw materials is not long. (4) Process/Operational Risks: (1) limited supply of raw materials, (b) lack of development innovation, and (c) limited expertise in certain production processes. (5) The risk of equipment/machinery: (a) the machine used is not optimal, and (b) the technology used is generally manual.
<p><em>This research is aimed to analyze the influence of Corporate Governance (CG) mechanism consisting of Capital Adequacy Ratio (X1), Number of Board of Commissioner (X2), Number of Board of Directors (X3) as independent variables toward financial performance of Rural Bank (Y) as dependent variable in Indonesia either simultaneously or partially during 2015 to 2016.</em></p><p><em> The population in this study are all Rural Banks (BPR) operating in Indonesia according to Statistics of National Banking 2016. The sample was selected using purposive sampling obtained 50 BPRs with the largest total assets nationally. This study uses secondary data which is the BPR's financial report 2015-2016 published in Bank Indonesia Directory and Otoritas Jasa Keuangan websites. Hypothesis testing in this study using classical assumption test, multiple linear regression with α 0,05, which determine, fit test model (F test), and t test with SPSS Program.</em></p><p><em> The results of this study indicate that partially, Capital Adequacy Ratio and the number of Board of Commissioners have significant positive effects to BPR financial performance, while the number of Board of Directors has a significant negative effect on the financial performance of BPR.</em></p>
Kata kunci: studi peristiwa, pemilihan presiden, harga saham gabungan, nilai tukar PendahuluanRisiko politik merupakan salah satu faktor penting yang mempengaruhi operasi Pasar keuangan suatu negara. Secara umum risiko politik merupakan kemungkinan terjadinya kejadian tertentu yang mempunyai dampak negatif terhadap perekonomian suatu negara bahkan negara lainnya yang berhubungan dengan negara tersebut. Risiko Politik dapat berupa Perubahaan Undang-undang, kudeta, pemilihan presiden, atau perubahan rezim di suatu negara. Peristiwa-peristiwa politik sangat berkaitan dengan kestabilan perekonomian suatu negara. Selain itu peristiwa politik dapat menyebabkan menurunnya tingkat kepercayaan investor, jika peristiwa tersebut mengancam stabilitas negara. Hal ini disebabkan karena salah satu faktor investor mau berinvestasi di suatu negara jika stabilitas politiknya kondusif.Menurut Mendelson (1976), Kinerja pasar saham dan pasar uang dipengaruhi oleh aktivitas pemerintahan dan aktivitas perekonomian secara umum. Hal yang sama juga dikemukakan oleh Zaqi (2006) menyatakan bahwa semakin penting peran pasar modal dan pasar uang dalam kegiatan ekonomi, membuat bursa saham semakin sensitif terhadap peristiwa disekitarnya, baik berkaitan ataupun tidak berkaitan secara langsung dengan peristiwa ekonomi. Artinya adalah pasar modal dan pasar uang disuatu Negara yang merupakan salah satu indikator baik tidaknya perekonomian di sebuah negara tidak terlepas dari berbagai pengaruh lingkungan, baik lingkungan ekonomi maupun lingkungan non ekonomi.Pengaruh lingkungan ekonomi terbagi atas dua yaitu ekonomi mikro dan ekonomi makro. Untuk lingkungan ekonomi mikro yang sering mendapat respon dari Investor adalah kinerja perusahaan, perubahan strategi perusahaan, pengumuman laporan keuangan atau pembagian dividen perusahaan. Selain itu, perubahan lingkungan ekonomi makro yang terjadi seperti perubahan suku bunga tabungan dan deposito, kurs valuta asing, inflasi, serta berbagai
Abstract The purpose of this research is to identify the process of financial risk management, to assess the financial risks that may arise and to analyze the strategies that will be carried out by MSMEs in dealing with or managing these financial risks. This research was conducted in accordance with the risk management process (ISO 31000:2018), namely financial risk identification, financial risk analysis, financial risk evaluation and financial risk treatment. In this study, using Census Sampling, which is a sampling method when all members of the population are used as samples. The number of population and sample is the same (saturated sample) from this study are MSME business actors around the coast of the Martapura river in Banjarmasin City. The number of samples used in this study were 50 MSMEs located on the coast of the Martapura river in Banjarmasin City. The results of the risk analysis show that there is capital risk, and liquidity risk is included in the categoryUnacceptable (red)that is Financial risk treatment must be carried out immediately even though the costs are high because it involves the continuity of the company so that capital risk and liquidity risk become the main focus and also because these financial risks have a major impact on MSMEs. Market risk and credit risk fall into the categoryUnacceptable (red) then risk treatment needs to be done so that the financial risk is minimized. Keywords: Finance Risk Management, SWOT Analysis, SMEs. ABSTRAK Tujuan dari penelitian ini adalah mengidentifikasi proses manajemen risiko keuangan, melakukan penilaian terhadap risiko keuangan yang kemungkinan muncul dan melakukan analisa terhadap strategi yang akan dilakukan oleh UMKM dalam menangani ataupun mengelola risiko keuangan tersebut. Penelitian ini dilakukan sesuai dengan proses manajemen risiko (ISO 31000:2018) yaitu identifikasi risiko keuangan, analisis risiko keuangan, evaluasi risiko keuangan dan perlakuan risiko keuangan. Pada penelitian ini menggunakan Sampling Sensus yaitu metode penarikan sampel bila semua anggota populasi dijadikan sebagai sampel. Jumlah populasi dan sampel adalah sama (sampel jenuh) dari penelitian ini adalah pelaku usaha UMKM sekitar pesisir sungai Martapura di Kota Banjarmasin. Jumlah sampel yang digunakan dalam penelitian ini adalah sebanyak 50 UMKM yang berada di pesisir sungai Martapura di Kota Banjarmasin. Hasil analisis risiko terdapat risiko permodalan, dan risiko likuiditas termasuk dalam kategori Unacceptable (merah) yaitu perlakuan risiko keuangan harus segera dilakukan walaupun biaya mahal karena menyangkut kelangsungan perusahaan sehinga risiko permodalan dan risiko likuiditas menjadi fokus utama dan juga dikarenakan risiko keuangan tersebut berdampak besar pada UMKM. Risiko pasar dan risiko kredit masuk dalam kategori Unacceptable (merah) maka perlakuan risiko perlu dilakukan agar risiko keuangan tersebut menjadi minimal. Kata Kunci : Manajemen Risiko Keuangan, Analisis SWOT, UMKM
Abstract The aim of this research is to examine and analyse the impact of activity ratio with fixed assets turnover, total assets turnover, and working capital turnover on profitability ratio with return on assets and return on equity as the measurement standart. The objects of this research were Food and Beverages Industries listed at BEI in 2015-2018 period. According to the above objectives, six hypotheses have been formulated. The samples in this research were taken by “sampling jenuh” method using certain criteria to be fulfilled. This research used 16 samples, which one of them did not fulfill the criteria, two of them have negatif financial report and three of them have not continue published financial report. To solve the problem, this research used multiple regression analysis processed by SPSS 16.0. The result of the research showed that fixed assets turnover, total assets turnover and working capital turnover had impacts on return on assets in the first equation. In the second equation fixed assets turnover and working capital turnover had impact on return on equity. Meanwhile, total asset turnover did not have impact on return on equity in second equation. Keywords: Fixed assets turnover, Total assets turnover, Working capital turnover Return on assets, Return on equity
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