Nyimas Dewi Murnila Saputri
Sriwijaya University

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THE EFFECT OF STATE OWNERSHIP ON FIRM VALUE AND ITS IMPLICATIONS IN THE INDONESIAN CAPITAL MARKET Faisal Akbar; Taufik; Nyimas Dewi Murnila Saputri; Fida Muthia
Journal of Applied Digital Business Management Vol. 2 No. 2 (2025): Human Research and Marketing Management
Publisher : Politeknik Mardira Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71266/nt66dp25

Abstract

This research examines how government ownership (GOVi) affects firm value (PBV) among state-owned enterprises traded on the Indonesia Stock Exchange throughout the period from the first quarter of 2020 to the first quarter of 2021. To enhance the robustness of the model, firm size and firm growth are incorporated as control variables. The research employs secondary data obtained from publicly available financial reports published by the IDX. Using purposive sampling, twelve state-owned firms were selected as the final sample. The analysis was conducted using panel data linear regression through Eviews software. The findings indicate that government ownership (GOVi) exerts a positive and statistically significant influence on firm value (PBV). Conversely, firm size shows no measurable effect on firm value, and firm growth likewise demonstrates no significant association with PBV.
THE INFLUENCE OF FINANCIAL FACTORS, ESG, AND INFLATION ON STOCK RETURNS IN THE BANKING SECTOR LISTED ON THE IDX IN 2019-2023 Nabilla Farirah; Agung Putra Raneo; Nyimas Dewi Murnila Saputri
Jurnal Riset Akuntansi Dan Bisnis Airlangga Vol 10 No 2 (2025): Jurnal Riset Akuntansi dan Bisnis Airlangga (JRABA)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jraba.v10i2.70199

Abstract

This study aims to determine the effect of financial factors, ESG and inflation on stock returns of banks listed on the IDX in 2019-2023. The sampling method uses a purposive sampling method so that 70 selected samples are obtained from the banking sector listed on the IDX. The regression estimation analysis technique to test the theory and find the relationship between variables uses panel data linear regression with the Common Effect Model. The results of the study show that ROA has a significant effect on stock returns. While LDR, NPL, CAR, ESG and inflation do not have a significant effect on stock returns. LDR, NPL, ROA, CAR, ESG, and inflation have a significant effect on stock returns simultaneously.