{"title":"The Effect of Profitability, Dividend Policy, and Company Value on Stock Prices","authors":"Jumiati Jumiati, Khairina Natsir","doi":"10.24912/ijaeb.11.662-672","DOIUrl":"https://doi.org/10.24912/ijaeb.11.662-672","url":null,"abstract":"Research aims to find “empirical evidence about the effect of profitability, dividend policy, and company value on stock price of companies registered in the PEFINDO25 index of the Indonesia Stock Exchange. The population are 66 companies in the PEFINDO25 index of the Indonesia Stock Exchange during 2017 to 2020. The sample in this study are selected using purposive sampling there were 13 companies that met the criteria with 52 observational data. This research used secondary data extracted from official documentation from the Indonesia Stock Exchange website. Data analysis was carried out with panel regression model using software E-Views 9. The finding of this study indicate that profitability, dividend policy, and company affect positive and significant on stock price.","PeriodicalId":367304,"journal":{"name":"International Journal of Application on Economics and Business","volume":"100 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133353151","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Woman of Board Directors, Leverage, Sales Growth, Institutional Ownership, and Earnings Management","authors":"Rahel Litaya, Rousilita Suhendah","doi":"10.24912/ijaeb.11.106-114","DOIUrl":"https://doi.org/10.24912/ijaeb.11.106-114","url":null,"abstract":"This study aims to determine the effect of the size of the female board of directors and commissioners, leverage, and sales growth with the moderating variable of institutional ownership on leverage on earnings management in the real estate and construction which listed on the Indonesia Stock Exchange for the 2017-2020 period. Data processing was carried out with Eviews. The sample was selected with purposive sampling method. The results showed that the size of the female board of directors and sales growth significantly negatively affected earnings management. The female board of directors can reduce earnings management because women in leadership positions in businesses are capable of making wise and moral decisions. The higher the sales growth, the lower the earnings management. Companies have a high sales growth rate means that the company's profit is also high. Managers are not motivated to increase profits because their interests of managers are the same as stakeholders' interests. Managers have the same information as stakeholders, so there is no information asymmetry. Leverage has no significant effect on earnings management. Leverage in earnings management has a significant negative impact on moderating institutional ownership.","PeriodicalId":367304,"journal":{"name":"International Journal of Application on Economics and Business","volume":"161 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133137285","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Effects of Entrepreneurial Orientation and Sustainability Orientation Towards Sustainable Entrepreneurship of MSMEs in Jakarta with Entrepreneurial Bricolage as Mediation","authors":"Graciella Audrey Kurniawan, Frangky Selamat","doi":"10.24912/ijaeb.11.489-499","DOIUrl":"https://doi.org/10.24912/ijaeb.11.489-499","url":null,"abstract":"This research is conducted to know the effects of entrepreneurial orientation and sustainability orientation towards sustainable entrepreneurship of MSMEs in Jakarta with entrepreneurial bricolage as mediation. This research used non-probability sampling through convenience sampling to obtain 119 respondents which are the people in MSMEs in Jakarta that are in the creative economy sector. Data are collected online through a questionnaire distributed through Google Forms. The data are processed with PLS-SEM method and SmartPLS 3.3.3 software. Result shows that entrepreneurial orientation and sustainability orientation influenced entrepreneurial bricolage of MSMEs in Jakarta positively and significantly, entrepreneurial bricolage influenced sustainable entrepreneurship of MSMEs in Jakarta positively and significantly, and entrepreneurial bricolage mediates both relationship of entrepreneurial orientation and sustainability orientation with sustainable entrepreneurship of MSMEs in Jakarta positively and significantly.","PeriodicalId":367304,"journal":{"name":"International Journal of Application on Economics and Business","volume":"72 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116789640","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Family Role, Experiences Exposure, and Entrepreneurial Judgment Skills Toward Start-Up Entrepreneurs’ Productivity","authors":"Silvy Saunia, N. Hidayah","doi":"10.24912/ijaeb.11.539-546","DOIUrl":"https://doi.org/10.24912/ijaeb.11.539-546","url":null,"abstract":"This study aims to analyze and explain the empirical influences of role of family, experiences exposure, and entrepreneurial judgment skills, eachly toward entrepreneurs’ productivity. This study applies descriptive research design, quanitatively obtained, and analyzed statistically. The data are collected from 40 individuals, entrepreneurs who establish or manage start-up in Indonesia, as sample. Technique used to select the sample is by non-probability sampling, where the instrument used to evaluate four variable is questionnaire through Google-form, to collect data. Respondent’s feedbacks are then assessed through SmartPLS 3.0 software. Three independent variables simultaneously able to influence dependent variable moderately. In hypotheses testing, role of family positively and insignificantly influences entrepreneurs’ productivity, while experiences exposure, entrepreneurial judgment skills positively and significantly influence entrepreneurs’ productivity.","PeriodicalId":367304,"journal":{"name":"International Journal of Application on Economics and Business","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124860349","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Effect of Inflation, Liquidity, and Capital Structure on Financial Performance of Consumer Goods Companies Listed on IDX","authors":"Maria Trifonia Elensi Naja, Khairina Natsir","doi":"10.24912/ijaeb.11.652-661","DOIUrl":"https://doi.org/10.24912/ijaeb.11.652-661","url":null,"abstract":"This study is intended to determine the empirical scientific evidence of the effect of inflation, liquidity, and capital structure on financial performance of consumer goods sector of companies listed on Indonesia Stock Exchange (IDX) in the period from 2016 to 2020. Financial performance is measured using ROE, while inflation is proxied by Indonesia’s annual inflation rate, liquidity is proxied by CR, and capital structure is proxied by DER. A total of 40 consumer goods companies were sampled in this research. The sample was selected using purposive sampling technique and resulted in a total of 200 observations. Data analysis was carried out using panel data regression using EViews 12 software. The results showed that inflation had a positive and significant effect on financial performance, liquidity had a negative and insignificant effect on financial performance, and capital structure had a positive and significant influence on financial performance of consumer goods companies listed on IDX.","PeriodicalId":367304,"journal":{"name":"International Journal of Application on Economics and Business","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124981869","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Determinants of Price Earnings Ratio: A Study in Manufacturing Companies","authors":"Gabriel Angga, E. S. Dermawan","doi":"10.24912/ijaeb.11.693-704","DOIUrl":"https://doi.org/10.24912/ijaeb.11.693-704","url":null,"abstract":"The purpose of this study was to see how the Dividend Pay-out Ratio, Profitability as measured by Return on Equity, Leverage as measured by Debt to Asset Ratio, and Earning Growth affected Firm Value as measured by Price Earnings Ratio in manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2017 to 2019. Non-probability sampling with a purposive sampling methodology was utilized with a sample of 51 companies, and the SPSS for Windows 25 application was used to aid with data analysis. Dividend Pay-out Ratio and Earning Growth have a positive and significant effect on Price Earnings Ratio, Return on Equity has a positive and insignificant effect on Price Earnings Ratio, and Debt to Asset Ratio has a negative and significant effect on Price Earnings Ratio, according to the findings of this study.","PeriodicalId":367304,"journal":{"name":"International Journal of Application on Economics and Business","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130163828","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Firm Size, Leverage and Corporate Governance Mediated Intellectual Capital on Firm Performance","authors":"Angelia Angelia, Elsa Imelda","doi":"10.24912/ijaeb.11.500-511","DOIUrl":"https://doi.org/10.24912/ijaeb.11.500-511","url":null,"abstract":"This study was conducted to determine the effect of firm size, leverage and corporate governance mediated by intellectual capital on firm performance of food and beverages companies listed on the Indonesia Stock Exchange during the period 2018-2020. The sample used in this study were 36 companies using purposive sampling technique. The results of the analysis show that firm size and corporate governance does not have a significant effect on firm performance, while the leverage have a positive and significant effect on firm performance. Corporate governance does not have a significant effect on intellectual capital, while the firm size and leverage have a significant effect on intellectual capital. Firm size, leverage and corporate governance does not have a significant effect on firm performance using intellectual capital as mediation.","PeriodicalId":367304,"journal":{"name":"International Journal of Application on Economics and Business","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129944167","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Analysis of the Effect of the COVID-19 Pandemic on Stock Return of Banking Company","authors":"D. Permatasari, Vidyarto Nugroho","doi":"10.24912/ijaeb.11.382-392","DOIUrl":"https://doi.org/10.24912/ijaeb.11.382-392","url":null,"abstract":"This research examines the influence of COVID-19 on stock return in banking companies listed on the Indonesia Stock Exchange in 2020 between the 2nd of March and the 30th of December, 2020. To assess the effect of COVID-19, the growth of confirmed cases, the growth of death cases, the growth of recovery cases, and the new normal policy are used as independent variables, with stock returns as the dependent variable. Research method using quantitative. Sampling using probability sampling with census method. Testing data using the program EViews 12. The results reveal that, the growth in confirmed cases also the growth in death cases due to COVID-19 have a significant and negative effect on the stock returns of banking companies. The growth in COVID-19 recovery cases has a negative influence on the stock return, while the new normal policy has a positive influence on stock return of banking companies.","PeriodicalId":367304,"journal":{"name":"International Journal of Application on Economics and Business","volume":"55 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117032812","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Investment Decisions in The Era of The COVID 19 Pandemic","authors":"E. S. Dermawan, M. W, Estralita Trisnawati","doi":"10.24912/ijaeb.11.70-79","DOIUrl":"https://doi.org/10.24912/ijaeb.11.70-79","url":null,"abstract":"The purpose of this study was to obtain empirical evidence regarding investment decisions from students of the Faculty of Economics and Business (FEB) in 4 Universities in Jakarta during the COVID-19 pandemic era which was in a condition full of uncertainty. The test of this research is the Spearman's rho correlation test through SPSS version 20 because the data is not normal. The data processed by 160 respondents were distributed via google form during July – September 2020. Referring to the theory of investor behavior, the results of this study are expected to describe investment decisions in the era of the COVID-19 pandemic. The results of the Spearman's rho correlation test that are significant with regard to investment decisions are investment risk, investment returns, and general information, while financial information is not significantly related to investment decisions. This shows the behavior of investors not to make investment decisions using financial information that is considered as past data considering that future conditions will be much different from the past. The implications of this research are to motivate investors to keep investing in the era of the COVID-19 pandemic in order to stimulate.","PeriodicalId":367304,"journal":{"name":"International Journal of Application on Economics and Business","volume":"471 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121049292","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Factors that Affect Continuance Usage Intention of E-Wallet Users in Jakarta","authors":"Tommy Setiawan Ruslim, Kenny Alexandra","doi":"10.24912/ijaeb.11.445-454","DOIUrl":"https://doi.org/10.24912/ijaeb.11.445-454","url":null,"abstract":"The growth of technology produces many innovative technologies that make people's lives easier. Competition between technology companies is getting fiercer, they are competing to be the number one in their industry. One of the innovative technologies is the e-wallet. The pandemic and social distancing, make contactless technology grow faster. One of the e-wallets is Sakuku by BCA. When the e-wallet industry is increasing, conversely, active Sakuku users are decreasing. This can occur due to several factors such as confirmation, perceived usefulness, perceived ease of use, and satisfaction. This study examines the effect of confirmation, perceived usefulness, perceived ease of use, and satisfaction on the continuance usage intention of Sakuku users in Jakarta. This study uses PLS-SEM as data analysis technique using data from 232 respondents who have filled out online questionnaires via google form. The results of data analysis show that perceived usefulness and satisfaction can directly affect continuance usage intention. Perceived ease of use cannot affect directly but must go through satisfaction. In addition, confirmation, perceived usefulness, and perceived ease of use can affect satisfaction.","PeriodicalId":367304,"journal":{"name":"International Journal of Application on Economics and Business","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115597399","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}