Dr. HERMEINDITO
FACULTY OF MASTER IN BIOMANAGEMENT

Hermeindito was born on May 1968 in Surabaya, Indonesia. He graduated Bachelor degree in Management at Universitas Brawijaya, Malang Indonesia in 1993. He completed his master degree in management at Universitas Brawijaya, Malang Indonesia in 1997. He pursued Ph.D. in finance from 2000-2004 at Universitas Gadjah Mada, Yogyakarta Indonesia.

He worked as faculty at Universitas Katolik Widya Mandala Surabaya from 1994-2014, 2014-2017 at Universitas Ciputra, Surabaya. Currently, he is working at Institut Bio Scientia Internasional Indonesia (Indonesia International Institute of Life Sciences, i3L). He also had teaching experience at Faculty of Economics and Business, Universitas Gadjah Mada at undergraduate (2002-2004), Master degree (2009-2014), and Ph.D. program (2009). He had supervised two Ph.D. dissertations at Postgraduate school, Universitas Katolik Widya Mandala Surabaya.

His research concerns on corporate finance, investment and capital market based research. He won award of the best Indonesia young researcher in Economics, Business, and Management in 2002 from the Indonesian Institute of Sciences (LIPI). He got fundamental research grant from Higher Education Ministry in 2007-2008 and from Research, Technology and Higher Education Ministry in 2016. He also got individual research grant from East Asian Development Network (EADN) in 2006 (as co-author) and 2013 (as single author).

*Research results in life sciences need further action to bring and delivery their invention and innovation of products and services into potential markets. Our students in Bio-entrepreneurship and Bio-management at School of Business address those challenge and opportunity to create blue ocean potential markets. Research collaboration between students from School of Biosciences and School of Business will create synergy that will positively impact on the future of Indonesia economic growth based on renewable resources and green economy.*

RESEARCHES AND PROJECTS

  • 2016 : Award of Fundamental Research Grant from Higher Education Ministry, with the researches title: Corporate Fraud Dan Nilai Perusahaan: Pengembangan Model Keagenan Di Indonesia. (J.E. Sutanto as co-researcher).
    2013 : Award of EADN (East Asia Development Network) competition for individual research grant with the research title: Agency Problem and Residual loss: A New Approach in Assessment Firm Value Dilution.
    2013 : Award of Internal (local) competition for individual research grant from Graduate School, Widya Mandala Catholic University Surabaya, with the title: Stock split up and down motives in indonesia capital market.
    2012 : Award of Internal (local) competition for individual research grant from Graduate School, Widya Mandala Catholic University Surabaya, with the title: Leverage and Firm Value: Empirical Study in Testing Trade-off Theory and Agency Cost Theory.
    2010 : Award of Internal (local) competition for individual research grant from Graduate School, Widya Mandala Catholic University Surabaya, with the research title: Finding Optimal Number of Securities in Portfolio Investment.
    2009 : Award of National competition for individual research grant Through “Competition Grant Program A3” for Management Study Program from Higher Education Ministry. With the research title: Interrelationship between ownership structure, debt and dividend policies and firm performance based on Agency Perspective.
    2008 : Multi-years Award of Fundamental Research Grant from Higher Education Ministry, with the researches title: Consistency and persistency analysis of Mutual Fund Performance in Indonesia: Indonesia Mutual Fund Survey in 2008 (Stage 2).
    2007 : Multi-years Award of Fundamental Research Grant from Higher Education Ministry, with the researches title: Consistency and persistency analysis of Mutual Fund Performance in Indonesia (Stage 1).
    2006 : Co-Author EADN (East Asia Development Network) award of Individual Research Grant 2006, with Eduardus Tandelilin, Putu Anom Mahadwartha, and Supriyatna, with the research title: Corporate Governance, Risk Management, and Bank Performance: Does Type of Ownership Matter? EADN WORKING PAPER No. 34, 2007
    2002 : Award of the Best Indonesia Young Researcher in Economics, Business, and Management from The Indonesian Institute of Sciences (LIPI)

RESEARCH PUBLICATIONS

  • Hendra Wijaya, Eduardus Tandelilin, M. Rahayu, Hermeindito, 2016, Intellectual capital and agency conflict. Indian Journal of Finance 10 (12), DOI10.17010/ijf/2016/v10i12/106895.
  • Victor Soeindra, Eduardus Tandelilin, and Hermeindito, 2016, Majority Ownership and Enterprise Value: Free Cash Flow Hypothesis Testing, Research Journal of Finance and Accounting, 7: 2; 245-259.
  • Herdinata, Christian, Eduardus Tandelilin, Hermeindito, 2013, Control Mechanism and Value of Firm: Evidence from Indonesia Capital Market, International Research Journal of Business Studies 6 (1), 45-62.
  • Hermeindito, 2007, Persistency and consistency of fund performance in indonesia capital market, Management & Business (Manajemen & Bisnis) Vol 6 (2) September, 138-148, Management Department, Faculty of Economics, University of Surabaya. (Accredited National Journal)
  • Hermeindito, 2004, Bankruptcy versus restructuring: evaluation and prediction of companies survivor after financial crisis 1997. Performance (Kinerja) 8 (1), Graduate School, University of Atma Jaya, Yogyakarta, June, 1-27. (Accredited National Journal)
  • Hermeindito, 2004, Theory of job satisfaction and job performance: time for a second look, Management & Business (Manajemen & Bisnis) 3(1), Faculty of Economics University of Surabaya. March, 56-69.
  • Hermeindito, 2003, The analysis of leverage and dividend under uncertainty environment: approaches of pecking order theory and balancing theory, Kompak, September-December (9), 423-444. (Accredited National Journal)
  • Hermeindito, 2003, Financing and investment decisions based on investment opportunity and financial constraint: empirical evidence under normal and crisis conditions, Journal of Economics and Business (Jurnal Ekonomi dan Bisnis (Dian Ekonomi), Faculty of Economics, Satyawacana Christian University, Salatiga, 9(1), March, 15-34. (Accredited National Journal)
  • Hermeindito, 2003, Prediction of capital structure based on pecking order theory under normal and crisis conditions, Business Reviews (Kajian Bisnis), College of Economics Widya Wiwaha, January-April (28), 51-66. (Accredited National Journal)
  • Hermeindito, 2003, Simultaneous analysis of corporate investment, dividend, and finance: empirical evidence under high uncertainty, Journal of Accounting, Management, and Economics Research, Faculty of Economics, University of Technology Yogyakarta, February 3(1), 1-17.
  • Hermeindito, 2002, Financing decision relevancy: an empirical evidence of balancing theory, Journal of Economics and Business (Jurnal Ekonomi dan Bisnis) – Faculty of Economics, Atmajaya Catholic University Indonesia, Jakarta,, 2 (1), February, 13-20.
  • Hermeindito, 2002, Investment decision and dividend policy as determinant of financing decision: new empirical evidence. Journal of Accounting, Management, and Economics Research (Jurnal Riset Akuntansi, Manajemen, dan Ekonomi) – College of Economics Yogyakarta, 2 (1) February, 41-55.
  • Hermeindito, 2002, Overreaction hypothesis: irrational behavior in capital market), Economics & Business (Ekonomi & Bisnis), Faculty of Economics, University of Surabaya, 5(1), December, 1-12. (Accredited National Journal).
  • Hermeindito, 2002, The prediction of firm performance based on investment opportunity set and industry weighted financial ratios, Journal of Business and Accounting (Jurnal Bisnis dan Akuntansi), College of Economics Trisakti, Jakarta, 4 (1), April, 36-53. (Accredited National Journal)
  • Hermeindito, 2002, Searching proxies of investment opportunity set and identifying information content, Journal of Management and Entrepreneurship (Jurnal Manajemen dan Kewirausahaan), Fakulty of Economics, Petra Christian University, Surabaya, 4 (1), March, 36-45.
  • Hermeindito, 2001, The effect of weighted financial and operation ratios and industry competitive ratio on firm performance. Journal of Widya Management and Accounting (Jurnal Widya Manajemen dan Akuntansi), Faculty of Economics, Widya Mandala Catholic University, Surabaya, 1 (1), April, 1-17.
  • Hermeindito, 2001, Relevancy of financing and investment decisions, Review of Economics and Business (Kajian Ekonomi dan Bisnis) – College of Economics Kerjasama Yogyakarta, 6, April-July, 56-66.
  • Hermeindito, 2001, The association between financing decision and investment decision, Journal of Economics and Business (Jurnal Ekonomi dan Bisnis (Dian Ekonomi), Faculty of Economics, Satyawacana Christian University, Salatiga, 7 (2), September, 151-164. (Accredited National Journal)
  • Hermeindito, 2000, The prediction of company profitability in different economic conditions: a perspective of industry and competitive ratios, Journal of Atma nan Jaya (Jurnal Atma nan Jaya) – Atmajaya Catholic University Universitas Indonesia, Jakarta, 13 (2), August, 12-29.