{"title":"The Effect of Regional Original Revenue, Balancing Funds, Capital Expenditure, and Financial Performance on Economic Growth in Regency/City in North Sumatra Province for the Years 2017- 2021","authors":"Nuliza Vittaria Butar-Butar, Defriani Sagala, Gabriella Aprilita Simangunsong, Benny Rojeston Marnaek Nainggolan, Dokman Marulitua Situmorang","doi":"10.55683/jrbee.v5i3.435","DOIUrl":"https://doi.org/10.55683/jrbee.v5i3.435","url":null,"abstract":"This research aims to analyze the effect of Regional Original Revenue (PAD), Balance Funds, Capital Expenditure, and Financial Performance on Economic Growth in the Districts/Cities located in the North Sumatra Province. The sample in this research consists of 33 from 25 districts and 8 cities located in North Sumatra Province, with the data used in this study being secondary data. The data used covers a period of 5 years, starting from 2017 to 2021. The data was processed using multiple linear regression analysis and using the SPSS program version 24. The results of this study indicate that regional original income has a significant positive impact on economic growth, regional original income that has a significant economic growth impact on Districts/Cities located in North Sumatra in relation to poverty, balance funds do not/ have a significant negative/positive impact on economic growth.","PeriodicalId":448638,"journal":{"name":"Journal of Research in Business, Economics, and Education","volume":"245 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114404798","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}
Erniati Tampubolon, Rusmini Nainggolan, Muhammad Ghozaly, Tina Novianti Sitanggang, Hotriado Harianja
{"title":"The Influence of Financial Performance on Stock Prices in Non-Cyclical Consumer Sector Companies Listed on the Indonesia Stock Exchange during the Period 2019-2021","authors":"Erniati Tampubolon, Rusmini Nainggolan, Muhammad Ghozaly, Tina Novianti Sitanggang, Hotriado Harianja","doi":"10.55683/jrbee.v5i3.436","DOIUrl":"https://doi.org/10.55683/jrbee.v5i3.436","url":null,"abstract":"This study aims to determine the impact of the Current Ratio (CR), Debt to Equity Ratio (DER), Return on Assets (ROA), and Price-to-Earnings Ratio (PER) on stock prices for non-cyclical consumer stocks listed on the Indonesia Stock Exchange (IDX) during the period of 2019-2022. Data will be collected from www.idx.co.id, with a sample size of 45 drawn from a population of 129 companies effectively listed on the IDX. This includes manufacturers in the non-cyclical consumer sector. The research methodology employs a quantitative approach, examining the financial statements of companies listed on the IDX according to the sector studied. This will involve the use of annual financial statements from 2019 to 2021. The research results show that for non-cyclical consumer goods companies listed on the IDX from 2019 to 2021, the Current Ratio has an insignificant effect on stock prices when examined in isolation. Similarly, the Debt-to-Equity Ratio has an insignificant effect on stock prices when examined independently. On the other hand, the Return on Assets has a significant effect on stock prices when viewed individually. Lastly, the combined effect of the Current Ratio, Debt to Equity Ratio, Return on Assets, and Price-to-Earnings Ratio on stock prices is found to be significant.","PeriodicalId":448638,"journal":{"name":"Journal of Research in Business, Economics, and Education","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129553695","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}
Yohanes Theodorus, Jhon Lismart Benget P, Joseph Berlin Fernando Hutajulu, Belthasar Trito Siahaan
{"title":"Impact of Profitability, Liquidity, Solvency, Institutional Ownership, and Activity on Investment Decisions in IDX 80 Companies Listed on the Stock Exchange from 2016-2021","authors":"Yohanes Theodorus, Jhon Lismart Benget P, Joseph Berlin Fernando Hutajulu, Belthasar Trito Siahaan","doi":"10.55683/jrbee.v5i2.429","DOIUrl":"https://doi.org/10.55683/jrbee.v5i2.429","url":null,"abstract":"The purpose of this study was to determine the effect of profitability, liquidity,solvency, institutional ownership, and activity on investment decisions. The population for this study was collected from 80 companies that were specifically selected according to certain criteria, to become 28 companies. The data used in this research is quantitative. Source of data in this research is secondary data. Data collection was done by writing method and data analysis was done by different linear test, F test and t test. (Y) can be explained by variations in profitability, liquidity, solvency, institutional ownership, and activity on investment decisions, while the remaining 63.5% is explained by other factors not included in this study. The results of the study partially show that institutional ownership and performance have a positive and significant effect on investment decisions, profitability has no significant negative effect on investment decisions, and liquidity and solvency have no significant effect on investment decisions. The research findings also show that profitability, liquidity, solvency, and institutional ownership influence investment decisions.","PeriodicalId":448638,"journal":{"name":"Journal of Research in Business, Economics, and Education","volume":"8 ","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114096521","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}
Vivien Ifana Br Ginting, Dita Stefani Nahampun, Khomeiny Yunior
{"title":"The Impact of Operating Profit Margin, Debt to Equity Ratio, and Current Ratio on Stock Prices of Manufacturing Companies in the Consumer Goods Sector Listed on the Indonesian Stock Exchange for the Period 2016-2018","authors":"Vivien Ifana Br Ginting, Dita Stefani Nahampun, Khomeiny Yunior","doi":"10.55683/jrbee.v5i2.432","DOIUrl":"https://doi.org/10.55683/jrbee.v5i2.432","url":null,"abstract":"This study aims to determine and analyze the impact of the Operating Profit Margin, Debt to Equity Ratio, and Current Ratio of manufacturing companies in the Consumer Goods Industry sector from 2016-2018. The independent variables in this study include the Operating Profit Margin, Debt to Equity Ratio, and Current Ratio, and the dependent variable is the Stock Price. Companies operating in the manufacturing sector of the consumer goods industry are companies with good prospects and are targeted by the public as investment targets. The sampling technique in this study uses purposive sampling with 41 companies sampled using a quantitative method, descriptive research type, explanatory research characteristics, and secondary data type. The population of this study is 51 manufacturing companies in the Consumer Goods Industry sector listed on the Indonesia Stock Exchange from 2016 - 2018. In hypothesis testing, this study uses Multiple Linear Regression Analysis. From the hypothesis testing in this study, it can be concluded that the Operating Profit Margin (OPM), Debt to Equity Ratio (DER), and Current Ratio (CR), which are independent variables, do not significantly influence the Stock Price of consumer goods industry sector companies listed on the Indonesia Stock Exchange for the period 2016-2018, which is the dependent variable. In addition, the partial hypothesis testing results in this study show that the Operating Profit Margin (OPM) does not significantly affect the Stock Price of consumer goods industry sector companies listed on the Indonesia Stock Exchange for the period 2016 - 2018, whereas the Debt to Equity Ratio (DER) and Current Ratio (CR) do not significantly affect the Stock Price of consumer goods industry sector companies listed on the Indonesia Stock Exchange for the period 2016-2018.","PeriodicalId":448638,"journal":{"name":"Journal of Research in Business, Economics, and Education","volume":"90 1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123785241","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}
Romauli Natalia Br Limbong, A. Y. Siregar, Mohd. Nawi Nawi Purba
{"title":"Analysis of the Influence of Financial Ratios on Profit Changes in Food and Beverage Subsector Companies Listed on the Indonesian Stock Exchange from 2018 to 2021","authors":"Romauli Natalia Br Limbong, A. Y. Siregar, Mohd. Nawi Nawi Purba","doi":"10.55683/jrbee.v5i2.431","DOIUrl":"https://doi.org/10.55683/jrbee.v5i2.431","url":null,"abstract":"The purpose of conducting this research is to test and analyze the effect of CR, QR, DER, DAR, TATO, ITO on changes in profits for food and beverage companies in 2018-2021. A total of 32 companies and 14 company samples were applied in this study, by applying quantitative methods and descriptive types with explanatory research in nature. Data was collected using the concept of documentation, in which the results of this study indicated that CR partially had no effect on changes in earnings with the results of multiple linear regression tests (tcount -1.174 < ttable 2.0095) with a significance value of 0.246 > 0.05. QR also has no effect on changes in profit with a value (tcount -0.043 < ttable 2.0095) accompanied by a significance of 0.966 > 0.05. DER has an effect on changes in profits with a value (tcount 6.981 > ttable 2.0095) accompanied by a significance of 0.000 <0.05. DAR has no effect on changes in earnings with a value (tcount -1.225 < ttable 2.0095) accompanied by a significance of 0.227 > 0.05. TATO has no effect on changes in earnings with a value (tcount 0.515 < ttable 2.0095) accompanied by a significance of 0.609 > 0.05. ITO has no influence on changes in profits with a value (tcount -0.766 < ttable 2.0095) accompanied by a significance of 0.447 > 0.05. Simultaneously CR, QR, DER, DAR, TATO, and ITO have an effect on changes in earnings accompanied by a significance of 0.000 <0.05.","PeriodicalId":448638,"journal":{"name":"Journal of Research in Business, Economics, and Education","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124603714","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}
D. P. Purba, Doanrikus Manalu, Sinta Friska Br Ketaren, Pebriyanti Tampubolon
{"title":"The Influence of Profitability, Taxes, and Foreign Ownership on Transfer Pricing (An Empirical Study on Manufacturing Companies Listed on the Indonesia Stock Exchange from 2015-2021)","authors":"D. P. Purba, Doanrikus Manalu, Sinta Friska Br Ketaren, Pebriyanti Tampubolon","doi":"10.55683/jrbee.v5i2.427","DOIUrl":"https://doi.org/10.55683/jrbee.v5i2.427","url":null,"abstract":"The main point of this study is that transfer pricing, which is used by multinational companies to settle prices and transactions between divisions, allows businesses to reduce internal prices for commodities, services, and unwanted or excessive assets. The purpose of transfer pricing is to manage transfer prices between businesses with the specific goal of increasing the total tax liability within the company. The study population consisted of 143 manufacturing companies listed on the Indonesia Stock Exchange (BEI) between 2015 and 2021. For the quantitative research type, 15 companies were selected using purposive sampling as the research sample. The information used was secondary data, namely the companies' financial records obtained from www.idx.co.id. Descriptive statistics, classical assumption tests, multiple regression analysis, outliers, F-statistics tests, and F-statistics tests were the data analysis techniques used. Transfer Price, the dependent variable of the study, was represented by RTP (Related Party Transaction). Profitability, Taxes, and Foreign Ownership were the independent variables used. Multiple regression analysis using SPSS 20 was the analytical approach employed in this research. According to the findings of this study, Profitability, Taxes, and Foreign Ownership do not simultaneously impact Transfer Pricing. The findings in this research explain that foreign ownership and taxes do not influence transfer pricing, nor do profits or taxes have any relationship with transfer pricing.","PeriodicalId":448638,"journal":{"name":"Journal of Research in Business, Economics, and Education","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126124026","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 Impact of Corporate Social Responsibility, Market Equity Value, Information Asymmetry, Market Beta, and Earnings Management on Equity Capital Costs in Property and Real Estate Companies Listed on the Indonesian Stock Exchange in 2019-2021","authors":"Rosita Pasaribu, Bayu Wulandari, Nikmat Kasih Telaumbanua, Magdalena Silalahi, Tionar Regina Simarmata, Mhd Zulkifli Hasibuan","doi":"10.55683/jrbee.v5i2.430","DOIUrl":"https://doi.org/10.55683/jrbee.v5i2.430","url":null,"abstract":"This study aims to analyze the Influence of Corporate Social Responsibility, Equity Market Value, Information Asymmetry, Market Beta, and Earnings Management on the Cost of Equity Capital in Property and Real Estate Companies listed on the Indonesia Stock Exchange from 2019 to 2021. The type of data used in this study is secondary data sourced from the financial reports of Property and Real Estate Companies from 2019-2021. The sample selection method used in this study is purposive sampling and the data processing method used is the multiple linear regression method, T-Test and F-Test through SPSS 25 software. The results of this study show that Corporate Social Responsibility, Equity Market Value, Information Asymmetry, Market Beta, and Earnings Management simultaneously have a significant effect on the Cost of Equity Capital. Partially, the Equity Market Value has a negative effect on the Cost of Equity Capital. Meanwhile, Corporate Social Responsibility, Information Asymmetry, Market Beta, and Earnings Management partially do not have an effect on the Cost of Equity Capital.","PeriodicalId":448638,"journal":{"name":"Journal of Research in Business, Economics, and Education","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131393191","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":"Career Leadership Style in Preventing Disputes Between Students in Mawaridussalam Islamic Boarding School, Deli Serdang District","authors":"N. Nurhidayah, Hasnun Jauhari Ritonga","doi":"10.55683/jrbee.v5i1.423","DOIUrl":"https://doi.org/10.55683/jrbee.v5i1.423","url":null,"abstract":"This study aims to determine the caregiver's leadership style in preventing disputes between female students at the Mawaridussalam Islamic Boarding School, Dli Serdang Regency. This research used a descriptive qualitative method which was carried out through field research. Data collection techniques in this study used semi-structured interviews and observation. The research data is based on primary data sources and secondary data sources. The technique of data analysis in this study is by doing data reduction, presenting data, then making conclusions. The results of this study indicate that the leadership style carried by caregivers at the Al Mawaridussalam Islamic Boarding School greatly determines the condition of female students, therefore caregivers play a very significant role in preventing disputes between female students. The leadership style of caregivers at the Al Mawaridussalam Islamic Boarding School links the concept of management in preventing disputes between female students at the Al Mawaridussalam Islamic Boarding School, Deli Serdang Regency, namely the caregiver regulates the course of moderation between female students by thinking about planning, namely the caregiver creates a series of concepts that aim to prevent female students from discord. In this case the caregiver leads the female students to engage in collaboration on certain activities in order to create friendship.","PeriodicalId":448638,"journal":{"name":"Journal of Research in Business, Economics, and Education","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128893705","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 Influence of Price, Product Quality and Service Quality on Purchase Decisions PT. Panca Asri Sentosa","authors":"Alfendo Louis, Dandy Chandra, Rosinta Romauli Situmeang","doi":"10.55683/jrbee.v5i1.425","DOIUrl":"https://doi.org/10.55683/jrbee.v5i1.425","url":null,"abstract":"Researchers took the research object at PT. Panca Asri Sentosa, due to a decrease in purchasing decisions from customers. Purchasing decision is a person's reaction to a product offered. Price, Product Quality and Service Quality are one of the reasons for the decline in purchasing decisions. The research approach used is a quantitative approach. The type of research used in this research is descriptive quantitative. In accordance with the research objectives, the nature of this research is descriptive explanatory. The population used is 133 corporate customers and the sample of this study is 100 people obtained from the Slovin formula. used to test the validity and reliability are as many as 30 customers at the same company. The results of the linear regression analysis show Purchase Decision = 4.724 + 0.298 Price + 0.763 Product Quality + 0.125 Service Quality. The results showed partially and simultaneously price, product quality and service quality partially have a significant influence on purchasing decisions at PT. Panca Asri Sentosa. The Adjusted R Square value is 0.635 which means that it implies that the effect of the independent variable on the dependent variable is 63.5% and the remaining 36.5% is the influence of other independent variables.","PeriodicalId":448638,"journal":{"name":"Journal of Research in Business, Economics, and Education","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115102420","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":"Media Management of the National Amil Zakat Agency in Attracting Muzaki's Interest in Labuhanbatu Regency","authors":"Muhammad Akbar Jayadi, Hasnun Jauhari Ritonga","doi":"10.55683/jrbee.v5i1.422","DOIUrl":"https://doi.org/10.55683/jrbee.v5i1.422","url":null,"abstract":"This study aims to determine the media management of the National Amil Zakat Agency in attracting muzakis in Labuhanbatu Regency. This study uses a descriptive method with a qualitative approach. This research was conducted in the field (field research). This study uses primary data sources and secondary data sources. In data collection techniques, this study used semi-structured interviews and observations, then the data obtained was analyzed through the reduction stage, presented then concluded, the aim is to make systematic research so that it makes it easier for readers to understand the intent and purpose of this research. The results of this study indicate that the media management of the National Amil Zakat Agency in attracting muzakis in Labuhanbatu Regency is by taking strategic steps through the planning, organizing, implementing and monitoring stages which are then connected to the communication activities of the National Amil Zakat Agency through the media. In alleviating poverty, the involvement of muzaki is needed, this is a step to help each other. In this activity, a series of stimuli is needed to influence muzaki so that their interest in zakat increases, the communication activities carried out by the National Amil Zakat Agency are based on the suitability between the message and the response. As for ongoing communication efforts to stimulate muzaki, the National Amil Zakat Agency uses media in the form of Instagram and the Baznaslabuhanbatu.go.id website.","PeriodicalId":448638,"journal":{"name":"Journal of Research in Business, Economics, and Education","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133944480","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}