Effect of Research and Development Expenditure, Corporate Governance anf Finacial Perormance of The Company Value
(Studies in Industrial Manufacturing Indonesia Stock Exchange) …

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The rapid development to do research and development continously requires companies to inverst in information technology. One of the investment is Research and Development of Information Technology (IT R & D). Increasing the level of research and development transparency requires companies to concern the corporate governance, including through ownership of stock holding company and non-holding companies and non-individual. This study aimed to determine the effect reseaech value, either directly or indirectly through the company's performance.

The research was conducted on industrial manufacturing companies in Indonesia Stock Exchange. The samples used were 22 companies with a range of observations from 2003 to 2007. Total sample equation Model (SEM). Software used to analyze the data was Partial Least Square(PLS).

The research results showed that : (1) research and development expenditure have a positive but insignificant effect on company value. (2) Research and development expenditure have a positive and significant effect on performance of the Company significantly. (3) Corporate Governance has positive and positive and singnificant effect on Company Performance. (4) Corporate Governance has significant and positive effect on Company value. (5) The company's performance has positive and significant effect on company value. indirect effect the research and development expenditure on company value, through the performance of the Company as an intervening variable, olso showed a positive and singnificant. From these findings, the suggestion than can be given are: (1) research and development expenditure should be encouraged in order to face globalization thab increasingly powerful, in order to serve as a starting point or foundation in improving the company performance and value. (2) Corporate governance has to be improved as an efforts to increase management performance, organization and coordination of activities of the company to improve corporate performance and corporate value.

The results provide a theoretical and practical contribution. Theoretically, the contribution of this research are: (1) to test empirically a theoretical model of information technology investment and Corporate Performance, a seminal paper by Geisler (1995), (2) to test empirically the theoretical model about the effect of research and development company value, based on the seminal paper of Anokhin, Wincent and Frishammar (2011). In practical terms, the contribution of this reserch is useful for the development of practical help and strengthen the company's attention to the importance of research and development expenditure and corporate governance to enhance company performance and corporate and corporate value.


Keywords : R & D, Corporate Governance, Corpotate Values, Manufacturing

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DITULIS OLEH : Dr. Ir. Ali Hanafiah, MM
NIDN                :

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Effect of Research and Development Expenditure, Corporate Governance anf Finacial Perormance of The Company Value
(Studies in Industrial Manufacturing Indonesia Stock Exchange)

The rapid development to do research and development continously requires companies to inverst in information technology. One of the investment is Research and Development of Information Technology (IT R & D). Increasing the level of research and development transparency requires companies to concern the corporate governance, including through ownership of stock holding company and non-holding companies and non-individual. This study aimed to determine the effect reseaech value, either directly or indirectly through the company's performance.

The research was conducted on industrial manufacturing companies in Indonesia Stock Exchange. The samples used were 22 companies with a range of observations from 2003 to 2007. Total sample equation Model (SEM). Software used to analyze the data was Partial Least Square(PLS).

The research results showed that : (1) research and development expenditure have a positive but insignificant effect on company value. (2) Research and development expenditure have a positive and significant effect on performance of the Company significantly. (3) Corporate Governance has positive and positive and singnificant effect on Company Performance. (4) Corporate Governance has significant and positive effect on Company value. (5) The company's performance has positive and significant effect on company value. indirect effect the research and development expenditure on company value, through the performance of the Company as an intervening variable, olso showed a positive and singnificant. From these findings, the suggestion than can be given are: (1) research and development expenditure should be encouraged in order to face globalization thab increasingly powerful, in order to serve as a starting point or foundation in improving the company performance and value. (2) Corporate governance has to be improved as an efforts to increase management performance, organization and coordination of activities of the company to improve corporate performance and corporate value.

The results provide a theoretical and practical contribution. Theoretically, the contribution of this research are: (1) to test empirically a theoretical model of information technology investment and Corporate Performance, a seminal paper by Geisler (1995), (2) to test empirically the theoretical model about the effect of research and development company value, based on the seminal paper of Anokhin, Wincent and Frishammar (2011). In practical terms, the contribution of this reserch is useful for the development of practical help and strengthen the company's attention to the importance of research and development expenditure and corporate governance to enhance company performance and corporate and corporate value.


Keywords : R & D, Corporate Governance, Corpotate Values, Manufacturing


Read more…
DITULIS OLEH : Dr. Ir. Ali Hanafiah, MM
NIDN                :
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The Effect of Entrepreneurial Orintation on the Management Capability and Sustainable Innovation (Study on Batik Small and Medium Enterprises in East Java Indonesia)

Abstract: This study aims to examine and explain the effect of entrepreneurial orientation on the ability of management and continuous innovation in SMEs batik in East Java province of indonesia. The findings of the study noted that Entrepreneurial orintation have a singnificant effect on continuous innovation. The study's findings also confirmed that entrepeneurial orientation will effect the sustainable innovation that has the spport of management capbilities. In order to perform sustainable innovation, batik SMEs have the opportunity to develop a differentiation srategy. Inovation is olso required to indentify customer needs and develop new solution to meet customer needs in the future. In order ro perform sustainable innovation, batik SMEs have the opportunity to develop a differentiation strategy. Inonovation comes from creativity which is a collection of ideas, knowledge, skill and human experience. Innovation is also rewuired to identify customer needs and develop new solution to meet customer needs in the future.
Keywords : Entrepreneurial Orientation, Sustainable Innovation, Management Capabilities, SMEs


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DITULIS OLEH : Dr. Ir. Ali Hanafiah, MM
NIDN                :
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Peningkatan Pelayanan Masyrakat

Guna Pelayanan Masyarakat


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DITULIS OLEH : Dr. Ir. Ali Hanafiah, MM
NIDN                :
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