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Analysis of Profitability, Activity, and Interest Rates on Dividend Policy in Non-Cyclical Consumer Sector Auliarrahman, Hasya Difa; Pinem, Dahlia
Jurnal Multidisiplin Madani Vol. 4 No. 1 (2024): January, 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/mudima.v4i1.7739

Abstract

Dividend policy is a company's decision regarding whether profits earned will be distributed to investors as dividends or kept as retained earnings to fund future company investments. Factors that influence dividend policy can be internal and external factors of the company. The aim of carrying out this research is to determine the influence of profitability, activity and interest rates on dividend policy in non-cyclical consumer sector companies in Indonesia. The sampling technique used was purposive sampling which was based on criteria, resulting in 26 non-cyclical consumer companies listed on the Indonesia Stock Exchange (IDX) for the 2018-2022 period. The analysis technique used in this research is panel data regression analysis as hypothesis testing with a significance level of 5% (0.05) and uses the help of Eviews 12 software in its processing. Based on the results of data processing, this research shows that profitability has no significant on dividend policy, activity has no significant on dividend policy, and interest rates have a significant negative on dividend policy. The results of this research show that external monetary aspects, namely interest rates, influence dividend policy in the non-cyclical consumer sector more than internal aspects of the company
Stock Transformation: Understanding the Impact of Stock Split on Company Performance in Indonesia Stock Exchange through Before and After Comparative Analysis Jayanti, Vira Ardhia Pramesthi; Pinem, Dahlia
Jurnal Multidisiplin Madani Vol. 4 No. 2 (2024): February, 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/mudima.v4i2.7787

Abstract

The study delves into the differences in stock price, trading volume activity, and security return variability of stock splits policy, which is a corporate action where companies increase the number of outstanding shares while reducing their nominal value. This quantitative study analyzed 66 companies listed on the Indonesia Stock Exchange that underwent a stock split between 2017-2022. This research employs the Wilcoxon Signed Rank Test through SPSS 28 to explore the transformation in stock prices, trading volume activity, and security return variability before and after stock splits. The study presents significant findings: (1) there are noticeable differences in stock prices before and after stock splits, (2) trading volume shows variations before and after the corporate event, and (3) there are notable disparities in security return variability before and after stock splits. This study provides valuable insights for investors, analysts, and corporate strategists by examining the complex dynamics of stock splits and their impact on stock prices, trading activity, and security returns
Analysis Of Dividend Policy in Companies Listed on The Indonesia Stock Exchange Pinem, Dahlia Br; M, Bernadin Dwi; Miftah, Munasiron; Tanjung, Marlina; Ariani, Nani
JPPI (Jurnal Penelitian Pendidikan Indonesia) Vol. 9 No. 4 (2023): JPPI (Jurnal Penelitian Pendidikan Indonesia)
Publisher : Indonesian Institute for Counseling, Education and Theraphy (IICET)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29210/020232335

Abstract

The research objective is to analyze the effect of liquidity, leverage, and profitability on a dividend policy. The objects used are companies listed on the Indonesia Stock Exchange in 2018-2020. The sampling technique used is purposive sampling. Based on the predetermined criteria, the sample obtained was 117 companies in the observation period for three years, thus in this study using 351 sample data were obtained. The dependent variable is dividend policy using the Dividend Payout Ratio (DPR), instead, the independent variable includes liquidity using the Current Ratio (CR), leverage measurements using the Debt-to-Equity Ratio (DER), and also profitability using Return on Equity (roe). The data in the study was then analyzed using the data regression analysis panel assisted by the E-Views 12 program which has a significance level of 5%. The results have shown that (1) liquidity does not affect dividend policy, (2) leverage has an effect on dividend policy, and (3) profitability has an influence on dividend policy.
Analysis of Financial Literacy, Financial Technology, and Lifestyle on Financial Behavior of Generation Z in Pulo Village Azhima, Zoya Azrin; Pinem, Dahlia
Formosa Journal of Sustainable Research Vol. 3 No. 1 (2024): January, 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/fjsr.v3i1.7729

Abstract

This research is included in quantitative research to find out the influence of financial literacy, financial technology, and lifestyle on the financial behavior of Generation Z in Pulo Village. Generation Z in Pulo Village was chosen as the object in this research with a total population of 547 Generation Z. The sampling technique in this research used probability sampling and the sample selection in this research used simple random sampling. A total of 180 students were selected from all RWs. Data collection was carried out by distributing questionnaires via Google Forms and analyzed using Partial Least Square (PLS). This research obtained the results of (1) financial literacy has a positive effect on the financial behavior of Generation Z in Pulo Village, (2) financial technology has a positive effect on the financial behavior of Generation Z in Pulo Village, (3) lifestyle has a positive effect on financial behavior of Generation Z in Pulo Village
Using Digital Marketing as a Business Development Means to Increase Sales of Veraflower MSME Products Pusporini; Pinem, Dahlia; Yetty, Fitri
Formosa Journal of Sustainable Research Vol. 3 No. 3 (2024): March, 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/fjsr.v3i3.7779

Abstract

The study's objective is to provide evidence for efforts to develop the Handy Craft business as one of the leading regional products. This development includes the design and implementation of Digital Marketing as a means of business development in increasing sales of Vera Flower MSME products. This study used descriptive qualitative method. A type of primary data that is a direct response to the informant. Data collection techniques based on interview, observation and documentation methods. The final result of the overall research activities it can be concluded that Vera Flower's Handy Craft Business can develop sales through digital marketing social media, the social media used are Instagram, Facebook, Whatsapp and orders can be through applications such as Shopee, Tokopedia and Lazada. Vera Flower's marketing strategy uses digital marketing strategies. The application of digital marketing carried out by Vera Flower can increase sales because consumers are reached more widely and can check the quality and reputation of products by merivew each product. And can make transactions onlineĀ  to facilitate clients' payment processes . Vera Flower has collaborated with the Indonesian Muslim Women Entrepreneurs Association PC Bojongsari Depok City to create and utilize Digital Marketing in marketing products
Pengaruh Kinerja Keuangan dan Nilai Pasar terhadap Harga Saham: Studi pada Perusahaan yang Secara Konsisten Terdaftar sebagai Indeks LQ45 Selama 2020-2021 Amalia Savitri; Dahlia Br. Pinem
Studi Akuntansi, Keuangan, dan Manajemen Vol 2 No 1 (2022): July
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/sakman.v2i1.1651

Abstract

Purpose: Assessment of the company's financial performance often uses financial ratios, because financial ratios can provide information on the company's past and current financial condition. Information about financial performance has quite an effect on stock prices because it can provide an overview of the condition of the company as a whole, not only in terms of profit but in terms of assets, debt, capital, and others. This study aims to examine and analyze the effect of financial performance as assessed by Profitability, Liquidity, Solvency, and Market Value, effect on Stock Prices, because there are differences between actual and theoretical data, and there are research gaps in previous studies. The objects of this study are companies listed on the LQ 45 in the 2020-2021 period by disclosing and presenting the required data consistently registered as the LQ45 Index during the 2020-2021 period. Method: used in selecting objects in this study was purposive sampling involving 40 LQ 45 companies listed on the Indonesia Stock Exchange. The data used was panel data regression, and the Chow and Hausman tests were used to select the best test model. Result: The results showed that based on the t-test the results were obtained: the financial performance variables assessed using Profitability, Liquidity and Solvency had no effect on Stock Prices where sig > 0.05 and Market Value Variables had an effect on Stock Prices because sig < 0.005. Contribution: This information is needed by potential investors because the decision to invest requires a thorough analysis to avoid losses.