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Pengaruh Net Profit Margin dan Debt to Equity Ratio Terhadap Kebijakan Dividen Perusahaan BUMN di BEI: Studi Kasus Periode 2012-2021 Shalsya, Nabilla; Situngkir, Tiar Lina
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 6 No. 12 (2024): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v6i12.3693

Abstract

The aim of this research is to discover, explain and conduct analysis regarding the impact of profitability (NPM) and leverage (DER) on the dividend policy of state-owned companies listed on the IDX for the 2012-2021 period. Quantitative methods with descriptive and verification approaches were used in the research. There were 20 state-owned companies that were the population in the research, then a purposive sampling technique was carried out so that 7 state-owned companies were selected that met the criteria. Panel data regression analysis is a data analysis method in research. In panel data regression testing, the results obtained were that the panel data regression model formed was a fixed effect model (FEM). Apart from that, a classical assumption test was also carried out. The research results show that profitability (NPM) and leverage (DER) simultaneously influence dividend policy in state-owned companies listed on the Indonesia Stock Exchange for the 2012-2021 period. Partially profitability (NPM) has no influence and is not significant on dividend policy, while leverage (DER) has an influence and is significant on dividend policy. The results of the analysis of the coefficient of determination show that the profitability (NPM) and leverage (DER) variables of 56.78% can predict dividend policy, while the remaining 43.22% is influenced by other factors not examined in the research.
Pengaruh Free Cash Flow dan Trading Volume Activity terhadap Return Saham pada Perusahaan Farmasi (Bursa Efek Indonesia Periode 2018 – 2022) Maharani, Septia Putri; Situngkir, Tiar Lina
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 5 No. 2 (2024): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v5i2.611

Abstract

The research aims to see how trading volume activity and free cash flow have an impact on stock returns for pharmaceutical companies (Indonesia Stock Exchange Period 2018–2022). This research utilizes a quantitative approach that uses a descriptive and verification approach. The research samples were eight pharmaceutical companies listed on the Indonesia Stock Exchange from 2018 to 2022. A total of 40 data were collected using a purposive sampling technique for 5 years of observation. Descriptive and verification analyzes were performed, including classical assumptions (normality, heteroscedasticity, autocorrelation and multicollinearity), multiple linear regression analysis, t-test and f-test. Data processing was carried out using SPSS 26. The results of testing the data showed that free cash flow and trading volume activity partially affected stock returns. then simultaneously stock returns are influenced by free cash flow and trading volume activity. Keywords: Free Cash Flow, Trading Volume Activity, Stock Returns.
Perbandingan Harga Pokok Produksi Metode Full Costing dan Metode Konvensional Pada Bakso H. Lili Hanum, Diandra Meivita; Rafifah, Devina Fara; Putri, Dini Amalia; Solikhatin, Amanda Nuranini; Situngkir, Tiar Lina
AKADEMIK: Jurnal Mahasiswa Ekonomi & Bisnis Vol. 6 No. 1 (2026): AKADEMIK: Jurnal Mahasiswa Ekonomi & Bisnis
Publisher : Perhimpunan Sarjana Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37481/jmeb.v6i1.1819

Abstract

This study addresses the inconsistent cost calculations and unclear cost classifications found in UMKM Bakso H. Lili, which have created pricing decisions that are not fully aligned with actual production conditions. The research aims to compare the full costing and traditional costing methods, clarify the distinction between fixed and variable costs, and provide a more reliable basis for determining production costs. A descriptive quantitative case study approach was applied, using data collected through semi-structured interviews and documentation of production expenditures. The analysis involved classifying cost components and calculating production costs under both methods. The full costing method resulted in a total production cost of Rp186,599,192, while the traditional method produced Rp183,934,500. Unit costs were Rp10,663 and Rp10,511, respectively. The difference arises from the exclusion of fixed manufacturing overhead in the traditional method, indicating that full costing offers a more complete representation of actual costs. These findings suggest that adopting the full costing method provides more accurate cost information for setting realistic selling prices and improving managerial decision-making within UMKM Bakso H. Lili.
Reaksi Pasar dan Dampak Eskalasi Konflik Militer Amerika Serikat-Israel terhadap Iran pada Pasar Saham Indonesia Adita, Dharma; Situngkir, Tiar Lina; Fadilla, Arif
SEIKO : Journal of Management & Business Vol 9, No 1
Publisher : Program Pascasarjana STIE Amkop Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37531/sejaman.v9i1.11495

Abstract

Penelitian ini ditujukan untuk menginvestigasi dampak eskalasi konflik militer antara Amerika Serikat dan Israel terhadap Iran pada 28 Februari 2026 terhadap pasar modal Indonesia. Penelitian mengadopsi pendekatan event study dan regresi data panel untuk menguji reaksi pasar melalui abnormal return pada 24 perusahaan tercatat dalam indeks IDX30. Periode pengamatan dilakukan selama tujuh hari, yaitu tiga hari sebelum, hari kejadian, dan tiga hari sesudah peristiwa. Analisis perbedaan abnormal return dilakukan menggunakan Wilcoxon Signed Rank Test, sedangkan pengujian pengaruh peristiwa menggunakan regresi data panel dengan Common Effect Model serta variabel kontrol ukuran perusahaan, leverage, dan likuiditas. Hasil penelitian mengindikasikan bahwa tidak terdapat perbedaan signifikan abnormal return sebelum dan sesudah peristiwa dengan nilai signifikansi 0,864. Hasil regresi panel juga menunjukkan bahwa variabel peristiwa tidak berpengaruh signifikan terhadap abnormal return dengan nilai probabilitas 0,743. Temuan ini mengonfirmasi bahwa pasar saham Indonesia tidak memberikan reaksi yang signifikan terhadap guncangan geopolitik tersebut selama periode pengamatan.
Co-Authors Achmadtyar Fazrul Haq, Abidzar Adelin, Putri Adidjaya, Fawwaz Rippa Gilardi Adita, Dharma Agnia, Ilma Syarifah Aji, Indra Setiawan Aji, Sekar Nirwana Ros Sinta Akbar, Silvia Alfattaah, Muhammad Syahid Almadina, Hazzel Sasti Althafunnisa, Hanof Amalia, Luthfi Thoriq Amelia, Melani Putri Ananda, Daffa Dwi Apriyanti, Ariska Astari, Chika Putri Astuti, Asti Aulia, Rahma Dini Awaludin, Qobus Rayhaan Al Ayuningtyas, Frista Rahma Az Zahra, Faza Amaliah Azzahra, Naswa Natania Azzahra, Raisya Putri Syafna Azzahra, Revaneyna Ba’Gubair, Sana’a Mohammed Awwadh Dhia Husniah Dimara, Sakti Hikmal Enriza, Mohamad Hafizh Fadilah, Rifky Fadilla, Arif Fadillah, Rifky Fatmawati, Aulia Eka Fitri Wulansari Fuadah, Siti Rohmatul Hanum, Diandra Meivita Heri, Ferdiansyah Holifah, Siti Husnina, Najla Nurul Husnina, Najla Nurul , Jundullah, Muhammad Miqdad Karolin, Simbolo, Paulina Khasanah, Isnaeni Nur Khoerunnisa, Najwa Khoirunnissa, Nur Alifah Khotimah, Novy Fitri Kusumawardaya, Vandita Larasati, Aisha Dwi Larasati, Dian Ayu Lastari, Devi Suci Latuffaturissa, Alfia Lestari, Sri Ayu Maharani, Chika Maharani, Septia Putri Marsyantrinisa, Yossy Marsyatrinisa, Yossy Millasyifa, Nadya Muawiyah, Salma Safitri Naufal, Hilman Muhamad Novelina, Riani Rahma Nuranjani, Dini Nurhajijah, Ristia Nurhasanah, Salma Nurinsyirah, Aura Nazwa Nuthajijah, Ristia Pamungkas, Wisnu Bayu Paulina Karolin Priambudi, Priambudi Putra, Seldy Chandra Putri, Alya PUTRI, DINI AMALIA Rachmansyah, Fachridwan Rafifah, Devina Fara Ramadan, Ahmad Saeful Ramadhan , Mulky Ismail Ramadhan, Muhammad Rizki Ramadhan, Mulky Ismail Risma Risma, Risma Salis, Mochamad Ikhsan Saputra, Abdillah Rizky Sasmita, Tegar Permata Sekarsari, Dewi Shafa, Lizha Nur Shalsya, Nabilla Shofiya, Ajeng Salwa Sidik, Nur Halimah Simbolon Sinta Aji, Sekar Nirwana Ros Sodik, Fajar Japar Solikhatin, Amanda Nuranini Subarkah, Gabryel Abiyyu Sukriyansyah, Deden Sulistyawati, Amalia Sutardi, Fitrah Diraya Syaharani, Rizka Dwi Wahyuni, Fitri Permata Wicaksono, Dean Wijaya, Sandika Naufal Fawaz Wijaya, Sandika Naufal Fawwaz Yuniar, Awaliyah Fadya Zamanda, Davia Zhafira, Amara Nayla Zharifah, Aidah Inas