Research of Finance and Banking最新文献

Effect of Dividend, Profitability, and Interest Rates on Firm Value with Leverage as Moderating 股息、盈利能力和利率对公司价值的影响，杠杆作用起调节作用

Research of Finance and Banking Pub Date : 2024-04-24 DOI: 10.58777/rfb.v2i1.218

P. Sihombing, Natael Pranata, Yohanes Kwee

{"title":"Effect of Dividend, Profitability, and Interest Rates on Firm Value with Leverage as Moderating","authors":"P. Sihombing, Natael Pranata, Yohanes Kwee","doi":"10.58777/rfb.v2i1.218","DOIUrl":"https://doi.org/10.58777/rfb.v2i1.218","url":null,"abstract":"This research aims to determine the effect of dividend policy, profitability, and interest rates on firm value with leverage as a moderating variable in coal sector firms listed on the Indonesia Stock Exchange. The sampling method uses purposive sampling, with several predetermined criteria, the number of samples is 12 coal sector firms. This research uses panel data analysis. The appropriate panel data model in research uses a fixed effects model. The research results show that dividend policy, profitability, and interest rates have no effect on firm value, and leverage as a moderating variable can strengthen the relationship between dividend policy and profitability on firm value. Companies that use leverage can improve firm performance so that firm value increases. Managerial implications stem from these findings. Executives should adopt dividend policies aligned with firm growth objectivesbalancing shareholder returns with reinvestment opportunities. Enhancing profitability through operational efficiency and strategic decision-making remains paramount. Additionally, monitoring interest rate fluctuations enables proactive management of financing costs and investment decisions. This study examines the influence of dividend policy, profitability, and interest rates on firm value, with leverage acting as a moderating variable. The findings provide valuable insights for managerial decision-making","PeriodicalId":474596,"journal":{"name":"Research of Finance and Banking","volume":"33 23","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140661231","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}

引用次数: 0

Do Managerial and institutional Ownership, Company Growth and Size effect on Debt Policy? 管理层和机构所有制、公司成长性和规模对债务政策有影响吗？

Research of Finance and Banking Pub Date : 2024-04-24 DOI: 10.58777/rfb.v2i1.214

Dian Rivani, Muhammad Ghazali, Dinda Oktavia

{"title":"Do Managerial and institutional Ownership, Company Growth and Size effect on Debt Policy?","authors":"Dian Rivani, Muhammad Ghazali, Dinda Oktavia","doi":"10.58777/rfb.v2i1.214","DOIUrl":"https://doi.org/10.58777/rfb.v2i1.214","url":null,"abstract":"This research aims to examine the influence of managerial ownership, institutional ownership, company growth, and company size on debt policy. This research uses descriptive quantitative type. This research uses a population of food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange (BEI) in 2017-2021. The sampling technique in this research was purposive sampling, and a sample of 7 companies was obtained. This research uses secondary data, namely annual financial reports obtained from the official website of the Indonesian Stock Exchange (IDX). The analytical method used is multiple regression analysis. The research results show that managerial ownership, institutional ownership, company growth, and company size do not affect debt policy. Managerial implications. Firstly, discuss implications related to managerial ownership. Second, discuss implications related to institutional ownership. Thirdly, discuss implications related to company growth. Lastly, discuss implications related to company size. Understanding these implications can aid managers in formulating effective debt policies to optimize firm performance and mitigate financial risks. Further research avenues are also suggested to deepen the understanding of these dynamics. They need to understand the risks and potential benefits of using debt, as well as consider external factors such as market conditions and regulations.","PeriodicalId":474596,"journal":{"name":"Research of Finance and Banking","volume":"56 26","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140662229","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}

引用次数: 0

Enhancing the Appeal: Impact of Economic Value, Market Value, Return Equity, and Total Assets Turnover on Stock Prices 增强吸引力：经济价值、市场价值、净资产收益率和总资产周转率对股票价格的影响

Research of Finance and Banking Pub Date : 2024-04-24 DOI: 10.58777/rfb.v2i1.213

Sitti Bahira Balqis, Harry Budiantoro, Dinda Oktavia

{"title":"Enhancing the Appeal: Impact of Economic Value, Market Value, Return Equity, and Total Assets Turnover on Stock Prices","authors":"Sitti Bahira Balqis, Harry Budiantoro, Dinda Oktavia","doi":"10.58777/rfb.v2i1.213","DOIUrl":"https://doi.org/10.58777/rfb.v2i1.213","url":null,"abstract":"This research aims to determine the influence of economic value added, market value added, return on equity, and total asset turnover on stock prices. The population in this study was companies that were included in the LQ45 index, and the companies selected as research samples were 22 companies. The sampling technique uses a purposive sampling technique. Data were analyzed using descriptive statistical analysis, classical assumption tests, multiple linear regression analysis, and hypothesis testing using the t-test and determination test. The research results show that partial economic value added and total asset turnover do not affect stock prices; market value added has a positive and significant effect on stock prices, while return on equity has a negative and significant effect on stock prices. Managerial implications, emphasizing the significance of enhancing economic value, market value, ROE, and total assets turnover to drive stock price performance. Managers should focus on strategies that improve these metrics and enhance shareholder value and market competitiveness. Understanding the interplay between economic values. Total assets turnover is vital for effective managerial decision-making in the stock market realm. This study delves into the implications of these factors on stock prices for managers navigating the complexities of financial markets","PeriodicalId":474596,"journal":{"name":"Research of Finance and Banking","volume":"46 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140662521","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}

引用次数: 0

The Effect of Liquidity, Leverage, Efficiency, and Inflation on Financial Performance 流动性、杠杆作用、效率和通货膨胀对财务业绩的影响

Research of Finance and Banking Pub Date : 2024-04-24 DOI: 10.58777/rfb.v2i1.212

Giany Febriyanti, Zainal Zawir Simon, Dinda Oktavia

{"title":"The Effect of Liquidity, Leverage, Efficiency, and Inflation on Financial Performance","authors":"Giany Febriyanti, Zainal Zawir Simon, Dinda Oktavia","doi":"10.58777/rfb.v2i1.212","DOIUrl":"https://doi.org/10.58777/rfb.v2i1.212","url":null,"abstract":"This research investigates the influence of liquidity, leverage, total asset turnover ratio, and inflation on the financial performance of food and beverage companies listed on the Indonesia Stock Exchange from 2018 to 2022. Using a quantitative research method with secondary data and a purposive sampling method, 19 companies were selected for analysis. The research employed panel data analysis combining time series and cross-sectional data. The findings reveal that collectively, variables such as current ratio, debt to equity ratio, total asset turnover ratio, debt to total asset ratio, and inflation significantly impact financial performance. However, when examined individually, the current ratio and debt to total asset ratio show a negative and insignificant influence, while the debt to equity ratio displays a positive yet insignificant effect. Conversely, the total asset turnover ratio and inflation demonstrate a positive and significant impact on financial performance. This research underscores the managerial implications concerning the importance of monitoring specific financial ratios in decision-making processes, particularly in managing liquidity and asset efficiency. Managers are advised to consider inflation factors in financial planning and decision-making to optimize financial performance.","PeriodicalId":474596,"journal":{"name":"Research of Finance and Banking","volume":"103 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140659213","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}

引用次数: 0

Comparative Analysis of Financial Performance before And during Covid-19 Pandemic Covid-19大流行之前和期间财务绩效的比较分析

Research of Finance and Banking Pub Date : 2023-10-31 DOI: 10.58777/rfb.v1i2.131

Muthia Astuti, Zainal Zawir Simon

{"title":"Comparative Analysis of Financial Performance before And during Covid-19 Pandemic","authors":"Muthia Astuti, Zainal Zawir Simon","doi":"10.58777/rfb.v1i2.131","DOIUrl":"https://doi.org/10.58777/rfb.v1i2.131","url":null,"abstract":"This study assesses the financial performance of technology sector firms listed on the IDX by utilizing various financial ratios, including Return on Assets, Total Assets Turnover, Current Ratio, Debt to Equity Ratio, and Sales Growth. The study employs a quantitative approach with multiple regression analysis, and the research relies on secondary data gathered from financial reports spanning from the third quarter of 2018 to the second quarter of 2021. The sample selection method employed purposive sampling, resulting in a sample size of nine companies. The normality of the data was assessed using the Kolmogorov-Smirnov method, revealing a non-normal distribution. As a result, the non-parametric Wilcoxon Signed Rank test was applied. The findings indicate significant disparities in the financial performance of technology sector companies listed on the IDX before and during the Covid-19 pandemic, particularly in metrics such as Total Assets Turnover, Current Ratio, Debt to Equity Ratio, and Sales Growth. However, the Return on Assets variable did not significantly differ before and during the Covid-19 pandemic. These insights can be valuable for stakeholders such as investors, creditors, and regulators in comprehending the associated risks and potential impacts when considering investment or extending credit to these entities","PeriodicalId":474596,"journal":{"name":"Research of Finance and Banking","volume":"211 ","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135869629","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}

引用次数: 0

Comparing Black-Scholes and GARCH Models in Long Strangle Option Strategies for LQ45 Index LQ45指数长期期权策略的Black-Scholes模型与GARCH模型比较

Research of Finance and Banking Pub Date : 2023-10-31 DOI: 10.58777/rfb.v1i2.137

Riko Hendrawan, Abdul Safar

引用次数: 0

Analysis of factors influencing stock returns with firm size as a moderating variable in the garment and textile industry listed on the Indonesian Stock Exchange (BEI) 2016-2020 2016-2020年印尼证券交易所(BEI)服装纺织行业股票收益影响因素分析，以企业规模为调节变量

Research of Finance and Banking Pub Date : 2023-10-31 DOI: 10.58777/rfb.v1i2.140

Pardomuan Sihombing, Cyndi Loisa Melitana, Dinda Oktavia

{"title":"Analysis of factors influencing stock returns with firm size as a moderating variable in the garment and textile industry listed on the Indonesian Stock Exchange (BEI) 2016-2020","authors":"Pardomuan Sihombing, Cyndi Loisa Melitana, Dinda Oktavia","doi":"10.58777/rfb.v1i2.140","DOIUrl":"https://doi.org/10.58777/rfb.v1i2.140","url":null,"abstract":"The problem of this research was entering the era “New Normal” has become an opportunity for economic players to invest in the capital market. Due to the unstable economic conditions, Therefore, investors need to conduct fundamental analysis in macro and micro economics so that their investments can obtain high stock returns the objective of this research was analysis of Factors Affecting Stock Returns with Firm Sizeas Moderating Variable in the Garment and Textile Industry Listed on the Indonesia Stock Exchange (IDX) 2016-2020. The methodology of this research was the collection of data using the scondary data by annual report firm Garment and Tekstil in BEI. The samples used in research as many as 16 firm with technique purposive sampling. The results of the study showed that there is no effect significant of ROE, DER, DER onstock returns. There is a significant negative effect of Interest Rates and Firm Size on stock returns. Variable Firm Size was also not proven to play a moderating role in the influence of ROE, DER, and CR, but Firm Size was able to significantly moderatinge the effect of interest rates on stock returns of garment and textile companies 2016-2020.","PeriodicalId":474596,"journal":{"name":"Research of Finance and Banking","volume":"6 16","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135813486","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}

引用次数: 0

The Effect of Good Corporate Governance on Financial Distress 良好的公司治理对财务困境的影响

Research of Finance and Banking Pub Date : 2023-10-30 DOI: 10.58777/rfb.v1i2.116

None Fadila Angraini

{"title":"The Effect of Good Corporate Governance on Financial Distress","authors":"None Fadila Angraini","doi":"10.58777/rfb.v1i2.116","DOIUrl":"https://doi.org/10.58777/rfb.v1i2.116","url":null,"abstract":"This research aims to examine the influence of Good Corporate Governance as proxied by the Board of Directors, Independent Commissioners, Audit Committee, and Institutional Ownership on Financial Distress partially or simultaneously. The research method used is quantitative and uses secondary data, namely service companies, one of which is the transportation sector listed on the Indonesia Stock Exchange. The sample used was 7 issuers, and the results were obtained using a purposive sampling method. The analytical method used is multiple linear regression analysis techniques with Spss Version 25 software. This research shows that overall, the size of the Board of Directors, Independent Commissioners, Audit Committee, and Institutional Ownership variables partially or simultaneously influence Financial Distress. This research can guide companies to understand the importance of mitigating financial risks by implementing strong GCG principles. It can include debt management, monitoring financial policies, and making wise investment decisions. The implications of this research can guide investors and creditors in assessing the risks and return potential associated with well-managed companies in terms of governance. The implication is that external stakeholders can use this information to support their investment decisions.","PeriodicalId":474596,"journal":{"name":"Research of Finance and Banking","volume":"178 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136068945","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}

引用次数: 0

Do Environmental Management Systems, Environmental Performance, and Firm Size Influence Greenhouse Gas Emission Disclosures? 环境管理体系、环境绩效和企业规模是否影响温室气体排放披露?

Research of Finance and Banking Pub Date : 2023-10-27 DOI: 10.58777/rfb.v1i2.136

Neng Elga Wulansari, Nurlaila Maysaroh Chairunnisa, Neneng Lasmita Susanti

{"title":"Do Environmental Management Systems, Environmental Performance, and Firm Size Influence Greenhouse Gas Emission Disclosures?","authors":"Neng Elga Wulansari, Nurlaila Maysaroh Chairunnisa, Neneng Lasmita Susanti","doi":"10.58777/rfb.v1i2.136","DOIUrl":"https://doi.org/10.58777/rfb.v1i2.136","url":null,"abstract":"This study aims to investigate whether the variables related to environmental management systems, environmental performance, and company size impact the reporting of greenhouse gas emissions. This research adopts a quantitative approach, utilizing secondary data from annual and sustainability reports selected through purposive sampling. Information was gathered from official company websites and the Indonesian Stock Exchange (BEI). The study encompasses 68 samples from an unbalanced panel data set of 28 companies from 2019 to 2021. The analytical methodology employed in this research involves panel data regression analysis. The results indicate that environmental management system variables and company size do not significantly influence greenhouse gas emission disclosures. However, it was observed that company size does have a notable positive effect on reporting greenhouse gas emissions. These findings offer valuable insights for governments and other institutions aiming to enhance environmental policies and foster improved greenhouse gas emission transparency within the industrial sector.","PeriodicalId":474596,"journal":{"name":"Research of Finance and Banking","volume":"216 5","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136317170","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}

引用次数: 0

Analysis of the Impact of Acquisition on Firm Financial Performance 并购对企业财务绩效的影响分析

Research of Finance and Banking Pub Date : 2023-04-30 DOI: 10.58777/rfb.v1i1.32

Latri Nurjanah, Tettet Fijrijanti

引用次数: 0