Rumah Jurnal Institut Pesantren KH. Abdul Chalim
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The Effect of Earnings Persistence and Leverage on the Earnings Response Coefficient
Get PDFThis study examines the influence of earnings persistence and leverage on the earnings response coefficient (ERC) in basic materials sector companies of the Indonesian Stock Exchange (IDX) during the period 2021-2023. The population in this study are basic materials companies on the Indonesian Stock Exchange. This study uses a purposive sampling method and sample selected are 75 companies. Earnings persistence refers to the degree to which current earnings can predict future earnings, while leverage represents the level of a company's debt relative to its equity. The research was quantitative method, secondary data were collected from financial statements and analyzed through multiple linear regression. The results indicate that earnings persistence has a significant positive effect on the ERC, suggesting that more consistent and reliable earnings lead to stronger investor reactions. In contrast, leverage has a significant negative impact on the ERC, implying that higher debt levels may reduce investor trust in the credibility of reported earnings. These findings highlight the importance of earnings quality and capital structure in influencing investor reactions to financial performance
The Influence of Internal and External Factors on Stock Returns in the Transportation Sub-Sector Listed on the Indonesia Stock Exchange in 2021–2023
Get PDFThe objective of this study is to examine the impact of internal and external factors on stock returns of companies in the transportation, logistics, and delivery sectors listed on the Indonesia Stock Exchange (IDX) during the period 2021–2023. This research employs a quantitative methodology, and the data were analyzed using SPSS version 27. The findings from the simultaneous regression analysis indicate that four independent variables, Return on Assets (ROA), Debt to Equity Ratio (DER), Return on Equity (ROE), and inflation, jointly have a statistically significant effect on stock returns (Sig. = 0.044 < 0.05). However, the results of the partial (individual) test reveal that only the inflation variable has a statistically significant influence, and the relationship is negative. This suggests that an increase in inflation tends to reduce stock returns
Financial Performance Evaluation for PT XYZ’s Subcontractor Selection for PIT X Mining Project at PT VWX
Get PDFThis study is conducted to support PT XYZ in identifying the most financially sound subcontractor for executing the PIT X mining project, commissioned by PT VWX. Given PT XYZ’s limited working capital, the company plans to delegate the project to one of several publicly listed subcontractors. To make an informed decision, a comprehensive assessment of financial performance is essential to ensure the selected firm can handle both the operational and financial demands of the project.The research utilizes financial ratio analysis focused on four primary dimensions: liquidity, activity, solvency, and profitability. Key indicators such as the current ratio, quick ratio, total asset turnover, debt ratio, interest coverage, net profit margin, return on assets, and return on equity are applied to evaluate three shortlisted subcontractors: PT Darma Henwa Tbk (DEWA), PT Delta Dunia Makmur Tbk (DOID), and PT Petrosea Tbk (PTRO). The Weighted Scoring Method (WSM) is used to assign importance to each ratio based on strategic value, resulting in a composite score that reflects each company’s overall financial condition.The findings indicate that PT Petrosea (PTRO) secures the highest weighted score, suggesting it possesses superior financial stability and operational effectiveness compared to the others. PTRO shows consistent strength in asset management, solvency, and profitability, making it the top candidate for subcontracting the PIT X project. This study presents a structured, evidence-based model for evaluating subcontractors, which can be extended to vendor selection practices in other capital-intensive sectors
The Influence of Good Corporate Governance and Enterprise Risk Management on Economic Performance with Corporate Ethical Identity as a Mediating Variable
Get PDFThis study analyzes the relationship between Good Corporate Governance (GCG), Enterprise Risk Management (ERM), and Economic Performance, with Corporate Ethical Identity (CEI) as a mediating variable. The research sample consists of companies participating in the CGPI program from 2020 to 2023. Using a quantitative method with panel data regression analysis via EViews 13, the study finds that both GCG and ERM have a positive influence on the formation of CEI. However, GCG and ERM do not directly affect Economic Performance. Conversely, CEI is proven to have a positive and significant impact on Economic Performance. A key finding of this study is that CEI serves as a full mediator, meaning the influence of GCG and ERM on Economic Performance is entirely channeled through the strengthening of Corporate Ethical Identity
An Empirical Study on the Determinants of Bank Financial Stability: The Moderating Role of Bank Size in the Relationship Between Financial Performance
Get PDFThis study aims to measure the determinants of bank financial stability in Indonesia, with a focus on the effect of financial performance measured using the Z-Score ratio as a proxy for financial stability, Return on Assets (ROA) as a proxy for profitability, Capital Adequacy Ratio (CAR) for liquidity, and Loan to Deposit Ratio (LDR) as a proxy for solvency, along with the natural logarithm of total assets to measure the moderating variable of Bank Size. The sample was selected using purposive sampling from the population of banking companies listed on the Indonesia Stock Exchange (IDX) that fall under the KBMI 4, 3, and 2 bank categories in 2025, with time series data from 2020 to 2024. The analysis was conducted using the Moderated Regression Analysis (MRA) method. The results of this study show that CAR has a significant effect on bank financial stability from 2020 to 2024, and that Bank Size significantly moderates the effect of LDR. The findings are expected to provide valuable insights for regulators, bank management, and investors in maintaining and enhancing the stability of the financial system in Indonesia. The results of this study show that between Return on Asset (ROA), Loan to deposit Ratio (LDR) and Capital Adequacy Ratio (CAR), CAR has a significant effect on bank financial stability during the period 2020–2024, and that the Bank Size variable is able to significantly moderate the effect of the LDR variable. The implication of this research is that bank management must have regulations are designed to be able to minimize risks and avoid defaults so that the profitability of banks increases in Indonesi
Analysis of the Relationship Between Organizational Culture, Training, and Employee Performance Via the Lens of Participatory Leadership, with Work Satisfaction Acting as a Moderator
Get PDFEmployee performance over the past three years has been all over the place, therefore something needs to be done about it. With employee job satisfaction serving as a moderating variable, this study seeks to further analyse the effects of participatory leadership, organisational culture, and training on employee performance. The researchers in this study drew their 100-person sample using the Slovin technique. The hypothesis test found that there was a positive and statistically significant relationship between employee performance and factors such as participative leadership, organisational culture, and job satisfaction. The impact of training on employee performance was unfavourable but not statistically significant. Employee Job Satisfaction was found to moderate the association between Organisational Culture and Employee Performance, according to the results of the moderation test
Product Development of Wedang Uwuh Beverage to Increase Public Interest in Planting Spices: A Practice of Regenerative Tourism in Imogiri, Yogyakarta
Get PDFWedang uwuh is a traditional Indonesian beverage made from a blend of local spices. The growing demand for these spices has encouraged the local community to cultivate plants used in the production of wedang uwuh. Beyond its economic benefits, cultivating these spice plants also contributes to regenerative tourism, offering mutual advantages for both the community and the environment. Social media is utilized not only to promote the product but also to enhance tourist interest by showcasing it as a unique local attraction. This study aims to explore the development of wedang uwuh products in Imogiri District. Employing a qualitative descriptive approach, this research seeks to understand and describe the experiences and phenomena encountered by the research subjects through detailed narrative data. The findings reveal that innovation in wedang uwuh product variants has significantly enhanced its branding, making it a stronger tourist attraction for both domestic and international visitors. Imogiri, as the origin area of wedang uwuh, now offers not only its natural beauty but also agro-tourism potential through community-managed spice plantations. This dual function contributes to increasing tourism appeal, improving local economic conditions, and promoting environmental preservation—an embodiment of regenerative tourism principles
The Influence of Financial Literacy, Locus of Control, and Fintech Payments on Personal Financial Management of Working Millennials in Pontianak City
Get PDFThe rapid advancement of financial technology, especially in fintech payment systems, has significantly shaped the financial behavior of millennials in Pontianak City—an age group that dominates the productive population and actively engages in digital financial services. This study investigates the impact of financial literacy, locus of control, and fintech payments on the personal financial management of employed millennials in Pontianak City. Using a quantitative approach with an associative research design, data were gathered through questionnaires administered to 150 purposively selected respondents and analyzed using multiple linear regression. The findings reveal that financial literacy, locus of control, and fintech payments collectively have a significant influence on personal financial management (F = 46.718; p = 0.000). In partial testing, financial literacy (t = 4.878; p = 0.000) and locus of control (t = 5.288; p = 0.000) exhibit positive and significant effects, while fintech payments show no significant impact (t = 1.333; p = 0.185). The coefficient of determination (R²) is 0.493, indicating that 49.3% of the variation in personal financial management can be explained by these three variables. These results underscore the crucial role of enhancing financial literacy and reinforcing self-control to promote sound financial management among millennials
A The Effect of Current Ratio and Debt to Equity Ratio on Earnings Growth with Company Size as a Moderating Variable
No full textThis study aims to analyze the effect of Current Ratio and Debt to Equity Ratio on profit growth, with firm size as a moderating variable, in food and beverage sub-sector companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2023 period. The research employs a quantitative approach, using Moderated Regression Analysis (MRA) as the data analysis technique. A total of 101 samples were obtained through purposive sampling. The analysis results indicate that the Debt to Equity Ratio has a negative effect on profit growth, while the Current Ratio has no significant effect. Furthermore, firm size is proven to moderate the effect of the Debt to Equity Ratio on profit growth, but it does not moderate the relationship between the Current Ratio and profit growth. This research provides a theoretical contribution to the development of financial literature and offers practical insights for company management and investors in making strategic decisions
The Effect of Non-Performing Loan (NPL), Capital Adequacy Ratio (CAR) & Loan To Deposit Ratio (LDR) on Return on Assets (ROA) (Case Study: Government-Owned National Banks)
Get PDFThis study aims to analyze the influence of Non-Performing Loans (NPL), Capital Adequacy Ratio (CAR), and Loan to Deposit Ratio (LDR) on Return on Assets (ROA) in state-owned conventional commercial banks during the 2019–2023 period. The research employs multiple linear regression analysis using SPSS 25. The sample consists of four state-owned conventional commercial banks. The F-test results indicate that NPL, CAR, and LDR simultaneously have a significant effect on ROA, with an F-value of 21.925 and a significance level of 0.000. Partially, only the NPL variable has a significant effect on ROA, as shown by a t-value of -5.312 and a significance level of 0.000. Meanwhile, the CAR and LDR variables do not have a significant effect on ROA, with significance values of 0.318 and 0.961, respectively. Thus, it can be concluded that only NPL significantly affects the bank's profitability as measured by ROA