Repository Universitas Pakuan

Detail Karya Ilmiah Dosen

Epiet Dwi Anggoro, Nimmi Zulbainarni, Hendro Sasongko

Judul : Strategi Struktur Modal Industri Keuangan Non Bank Pada Bisnis Microfinance (Studi Kasus Pada PT. XYZ)

Abstrak :
Abstract: PT. XYZ is the non-bank institutions with a special task in empowering UMKM that has different funding sources. Funding sources affect the capital structure and business activities. Thus, the development of the capital structure of PT. XYZ needs to be studied, along with the impact of the funding sources types on PT. XYZ strategy and sustainability. Financial reports and in-depth interviews of experts were collected. WACC, SWOT and QSPM used to analyze the capital structure and corporate strategic planning. The results showed that the capital structure of PT XYZ came from capital deposits and government programs, and it increased by getting loans from financial institutions and capital market instruments. The capital market instruments, as the optimal funding source, influenced profit parameters and development agents. PT XYZ's primary chosen strategy was business expansion.
Keywords: microfinance, optimal capital structure, QSPM, strategic management, WACC
Abstrak: PT. XYZ adalah salah satu lembaga keuangan non bank yang mendapat tugas khusus dalam pemberdayaan UMKM dan memiliki sumber pendanaan yang berbeda dimana akan mempengaruhi struktur modal dan kegiatan bisnis perusahaan. Oleh karena itu, diperlukan penelitian untuk menganalisa perkembangan capital structure PT. XYZ, pengaruh dan dampak dari jenis sumber-sumber pendanaan terhadap sustainable PT. XYZ, serta strategi perusahaan. Data laporan keuangan dan depth interview pakar diolah untuk menganalisis struktur modal dan perencanaan strategi perusahaan menggunakan Weighted Average Cost of Capital (WACC), SWOT (Strengths, Weakness, Opportunitiess, Threats) dan QSPM (Quantitative Strategic Planning Matriks). Hasil penelitian menunjukkan bahwa struktur modal PT XYZ pada awalnya berasal dari setoran modal dan program pemerintah dan bertambah dengan pinjaman lembaga keuangan dan instrumen pasar modal seiring dengan pertumbuhan usaha. Penggunaan instrumen pasar modal sebagai sumber pendanaan optimal perusahaan memberikan pengaruh dan dampak yang positif pada parameter profit dan development agent. Strategi utama terpilih PT XYZ adalah ekspansi bisnis.
Kata kunci: microfinance, struktur modal, QSPM, manajemen strategik, WACC

Tahun : 2020 Media Publikasi : Jurnal Nasional Terakreditasi A

Kategori : Jurnal No/Vol/Tahun : 1 / 6 / 2020

ISSN/ISBN : 2460-7819

PTN/S : Universitas Pakuan Program Studi : MANAJEMEN

Bibliography :
Daftar
Abrar A, Javaid AY. 2016. The impact of capital structure on the profitability of microfinance institutions. South Asian Journal of Management Sciences 10(1): 21–37. https://doi.org/10.21621/SAJMS.2016101.03.
Alima S. 2015. Pengaruh struktur modal terhadap profitabilitas pada perusahaan industri tekstil dan garment yang terdaftar di bursa efek Indonesia. Jom FISIP 2(2): 1–13.
[BI] Bank Indonesia. 2018. Statistik Ekonomi dan Keuangan Indonesia (SEKI). https://www.bi.go.id/id/statistik/seki/terkini/moneter/Contents/Default.aspx [2018 Februari 10].
Bappenas. 2016. Warta KUMKM. https://www.bappenas.go.id/index.php/download_file/view/22661/832 [2017 November 10].
Boutilda R. 2015. Analisis pengaruh struktur modal terhadap profitabilitas perusahaan (studi empiris perusahaan-perusahaan manufaktur yang terdaftar di BEI periode 2009-2013). Jurnal Fakultas Ekonomi-UI2015.
Bubic J, Susak T. 2016. Distinctive features of companies with optimal capital structure. 16th International Scientific Conference on Economic and Social Development – The Legal Challenges of Modern World – Split, 1-2 September 2016.
Dulababu T. 2016. Case study: an analytical study of the impact of capital structure on profitability of top it companies in India. Advances In Management 9(9): 6–13.
Fersi M, Boujelbéne M. 2017. Capital structure decisions of microfinance institutions and managerial behavioral biases: a survey and future directions. ACRN Oxford Journal of Finance and Risk Perspectives 6(1): 70–89.
Haninun, AngelinaF. 2016. Pengaruh strukturmodal terhadap profitabilitas pada perusahaan manufaktur yang terdaftar di BEI periode 2011-2013. Jurnal Akuntansi & Keuangan 7(1): 73–86.
Hasbi H. 2015. Islamic microfinance institution: the capital structure, growth, performance and value of firm in Indonesia. Procedia - Social and Behavioral Sciences 211(2015): 1073 – 1080. https://doi.org/10.1016/j.sbspro.2015.11.143.
Indayani, Ghozali I, Isgiyarta J. 2017. Capital structure, corporate governance and financial sustainability in microfinance. International Journal of Economic Research 14(14): 291–304
Johnson C. 2015. The Impacts of Capital Structure on Depth of Outreach in Sub-Saharan Africa. Working paper. Illinois State University. Spring 2015.
Kundid A. 2012. How much is the choice of capital structure important for bank profitability in Croatia? Zagreb International Review of Economics & Business 15: 53–68.
Marusya P, Magantar M. 2016. Pengaruh struktur modal terhadap profitabilitas pada perusahaan tobacco manufacturers yang terdaftar di bursa efek indonesia (BEI) periode 2008-2015. Jurnal Berkala Ilmiah Efisiensi 16(03): 484–492.
Omare OS. 2017. Effect of capital structure on performance of microfinance institutions: a case of deposit taking microfinance institutions. International Journal of Business Management and Finance 1(7):105–120.
Sekabira H. 2013. Capital structure and its role on performance of microfinance institutions: the ugandan case. Sustainable Agriculture Research 2(3): 86–100. https://doi.org/10.5539/sar.v2n3p86.
Setiono O, Siregar H, Anggraeni L. 2017. Struktur modal dan modal kerja pt xyz serta pengaruhnya terhadap kinerja perusahaan. Jurnal Aplikasi Bisnis dan Manajemen 3(1): 131–142. https://doi.org/10.17358/jabm.3.1.131.
Taqi M, Ajmal M, Pervez A. 2016. Impact of capital structure on profitability of selected trading companies of India. Arabian Journal of Business and Management Review (Oman Chapter) 6(3): 1–16. https://doi.org/10.12816/0033239.
Thalib D. 2016. Intermediasi, struktur modal, efisiensi, permodalan dan risiko terhadap profitabilitas bank. Jurnal Keuangan dan Perbankan 20(1): 116–126.https://doi.org/10.26905/jkdp.v20i1.155.
Violita RY, Sulasmiyati S. 2017. Pengaruh struktur modal terhadap profitabilitas (studi pada perusahaan food and baverages yang terdaftar di BEI tahun 2013-2016). Jurnal Administrasi Bisnis (JAB) 51(1): 138–144.
Warsawinangun RZ, Darminto, Nuzula NF. 2014. Penetapan struktur modal yang optimal dalam upaya meningkatkan nilai perusahaperusahaan. Jurnal Administrasi Bisnis 9(2): 1–8
Waweru MW, Wanyoike D. 2016. Effect of capital structure on profitability of microfinance institutions in Nakuru Town, Kenya. International Journal of Economics, Commerce and Management IV(10): 1144–1167.

URL : https://journal.ipb.ac.id/index.php/jabm/article/view/29954

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Detail Karya Ilmiah Dosen

Epiet Dwi Anggoro, Nimmi Zulbainarni, Hendro Sasongko

Judul	:	Strategi Struktur Modal Industri Keuangan Non Bank Pada Bisnis Microfinance (Studi Kasus Pada PT. XYZ)
Abstrak	:	Abstract: PT. XYZ is the non-bank institutions with a special task in empowering UMKM that has different funding sources. Funding sources affect the capital structure and business activities. Thus, the development of the capital structure of PT. XYZ needs to be studied, along with the impact of the funding sources types on PT. XYZ strategy and sustainability. Financial reports and in-depth interviews of experts were collected. WACC, SWOT and QSPM used to analyze the capital structure and corporate strategic planning. The results showed that the capital structure of PT XYZ came from capital deposits and government programs, and it increased by getting loans from financial institutions and capital market instruments. The capital market instruments, as the optimal funding source, influenced profit parameters and development agents. PT XYZ's primary chosen strategy was business expansion. Keywords: microfinance, optimal capital structure, QSPM, strategic management, WACC Abstrak: PT. XYZ adalah salah satu lembaga keuangan non bank yang mendapat tugas khusus dalam pemberdayaan UMKM dan memiliki sumber pendanaan yang berbeda dimana akan mempengaruhi struktur modal dan kegiatan bisnis perusahaan. Oleh karena itu, diperlukan penelitian untuk menganalisa perkembangan capital structure PT. XYZ, pengaruh dan dampak dari jenis sumber-sumber pendanaan terhadap sustainable PT. XYZ, serta strategi perusahaan. Data laporan keuangan dan depth interview pakar diolah untuk menganalisis struktur modal dan perencanaan strategi perusahaan menggunakan Weighted Average Cost of Capital (WACC), SWOT (Strengths, Weakness, Opportunitiess, Threats) dan QSPM (Quantitative Strategic Planning Matriks). Hasil penelitian menunjukkan bahwa struktur modal PT XYZ pada awalnya berasal dari setoran modal dan program pemerintah dan bertambah dengan pinjaman lembaga keuangan dan instrumen pasar modal seiring dengan pertumbuhan usaha. Penggunaan instrumen pasar modal sebagai sumber pendanaan optimal perusahaan memberikan pengaruh dan dampak yang positif pada parameter profit dan development agent. Strategi utama terpilih PT XYZ adalah ekspansi bisnis. Kata kunci: microfinance, struktur modal, QSPM, manajemen strategik, WACC
Tahun	:	2020	Media Publikasi	:	Jurnal Nasional Terakreditasi A
Kategori	:	Jurnal	No/Vol/Tahun	:	1 / 6 / 2020
ISSN/ISBN	:	2460-7819
PTN/S	:	Universitas Pakuan	Program Studi	:	MANAJEMEN
Bibliography	:	Daftar Abrar A, Javaid AY. 2016. The impact of capital structure on the profitability of microfinance institutions. South Asian Journal of Management Sciences 10(1): 21–37. https://doi.org/10.21621/SAJMS.2016101.03. Alima S. 2015. Pengaruh struktur modal terhadap profitabilitas pada perusahaan industri tekstil dan garment yang terdaftar di bursa efek Indonesia. Jom FISIP 2(2): 1–13. [BI] Bank Indonesia. 2018. Statistik Ekonomi dan Keuangan Indonesia (SEKI). https://www.bi.go.id/id/statistik/seki/terkini/moneter/Contents/Default.aspx [2018 Februari 10]. Bappenas. 2016. Warta KUMKM. https://www.bappenas.go.id/index.php/download_file/view/22661/832 [2017 November 10]. Boutilda R. 2015. Analisis pengaruh struktur modal terhadap profitabilitas perusahaan (studi empiris perusahaan-perusahaan manufaktur yang terdaftar di BEI periode 2009-2013). Jurnal Fakultas Ekonomi-UI2015. Bubic J, Susak T. 2016. Distinctive features of companies with optimal capital structure. 16th International Scientific Conference on Economic and Social Development – The Legal Challenges of Modern World – Split, 1-2 September 2016. Dulababu T. 2016. Case study: an analytical study of the impact of capital structure on profitability of top it companies in India. Advances In Management 9(9): 6–13. Fersi M, Boujelbéne M. 2017. Capital structure decisions of microfinance institutions and managerial behavioral biases: a survey and future directions. ACRN Oxford Journal of Finance and Risk Perspectives 6(1): 70–89. Haninun, AngelinaF. 2016. Pengaruh strukturmodal terhadap profitabilitas pada perusahaan manufaktur yang terdaftar di BEI periode 2011-2013. Jurnal Akuntansi & Keuangan 7(1): 73–86. Hasbi H. 2015. Islamic microfinance institution: the capital structure, growth, performance and value of firm in Indonesia. Procedia - Social and Behavioral Sciences 211(2015): 1073 – 1080. https://doi.org/10.1016/j.sbspro.2015.11.143. Indayani, Ghozali I, Isgiyarta J. 2017. Capital structure, corporate governance and financial sustainability in microfinance. International Journal of Economic Research 14(14): 291–304 Johnson C. 2015. The Impacts of Capital Structure on Depth of Outreach in Sub-Saharan Africa. Working paper. Illinois State University. Spring 2015. Kundid A. 2012. How much is the choice of capital structure important for bank profitability in Croatia? Zagreb International Review of Economics & Business 15: 53–68. Marusya P, Magantar M. 2016. Pengaruh struktur modal terhadap profitabilitas pada perusahaan tobacco manufacturers yang terdaftar di bursa efek indonesia (BEI) periode 2008-2015. Jurnal Berkala Ilmiah Efisiensi 16(03): 484–492. Omare OS. 2017. Effect of capital structure on performance of microfinance institutions: a case of deposit taking microfinance institutions. International Journal of Business Management and Finance 1(7):105–120. Sekabira H. 2013. Capital structure and its role on performance of microfinance institutions: the ugandan case. Sustainable Agriculture Research 2(3): 86–100. https://doi.org/10.5539/sar.v2n3p86. Setiono O, Siregar H, Anggraeni L. 2017. Struktur modal dan modal kerja pt xyz serta pengaruhnya terhadap kinerja perusahaan. Jurnal Aplikasi Bisnis dan Manajemen 3(1): 131–142. https://doi.org/10.17358/jabm.3.1.131. Taqi M, Ajmal M, Pervez A. 2016. Impact of capital structure on profitability of selected trading companies of India. Arabian Journal of Business and Management Review (Oman Chapter) 6(3): 1–16. https://doi.org/10.12816/0033239. Thalib D. 2016. Intermediasi, struktur modal, efisiensi, permodalan dan risiko terhadap profitabilitas bank. Jurnal Keuangan dan Perbankan 20(1): 116–126.https://doi.org/10.26905/jkdp.v20i1.155. Violita RY, Sulasmiyati S. 2017. Pengaruh struktur modal terhadap profitabilitas (studi pada perusahaan food and baverages yang terdaftar di BEI tahun 2013-2016). Jurnal Administrasi Bisnis (JAB) 51(1): 138–144. Warsawinangun RZ, Darminto, Nuzula NF. 2014. Penetapan struktur modal yang optimal dalam upaya meningkatkan nilai perusahaperusahaan. Jurnal Administrasi Bisnis 9(2): 1–8 Waweru MW, Wanyoike D. 2016. Effect of capital structure on profitability of microfinance institutions in Nakuru Town, Kenya. International Journal of Economics, Commerce and Management IV(10): 1144–1167.
URL	:	https://journal.ipb.ac.id/index.php/jabm/article/view/29954