Aisha Hanif
Muhammadiyah University of Sidoarjo, Indonesia

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THE EFFECT OF STOCK SPLIT AND RIGHT ISSUE ON STOCK LIQUIDITY WITH INFLATION AS A MODERATING VARIABLE (STUDY ON COMPANIES THAT CARRIED OUT STOCK SPLIT AND RIGHT ISSUE IN 2017-2021) Cici Novita; Aisha Hanif
International Journal of Economic Integration and Regional Competitiveness Vol. 2 No. 4 (2025): International Journal of Economic Integration and Regional Competitiveness
Publisher : Antis Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijeirc.v2i4.407

Abstract

Objective: The aim of this research is to find out whether the inflation variable moderates stock splits and rights issues on company liquidity. Method: The population in this research are companies that carried out stock splits and rights issues in 2017–2021. The sample was selected using a purposive sampling method and 55 companies were obtained. The data analysis technique used is MRA using SPSS version 23. Results: The results of this test are that stock splits have no effect on company liquidity, rights issues have no effect on company liquidity, and inflation does not moderate stock splits and rights issues on company liquidity. Novelty: This research provides empirical evidence on the moderating role of inflation in the relationship between stock splits, rights issues, and company liquidity — an area that has received limited attention in previous studies, particularly within the 2017–2021 period.
THE INFLUENCE OF GOOD CORPORATE GOVERNANCE AND ENVIRONMENTAL SOCIAL GOVERNANCE ON FINANCIAL PERFORMANCE Risma Haris Nuriyanti; Aisha Hanif
International Journal of Economic Integration and Regional Competitiveness Vol. 2 No. 4 (2025): International Journal of Economic Integration and Regional Competitiveness
Publisher : Antis Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijeirc.v2i4.408

Abstract

Objective: This study aims to analyze the influence of Good Corporate Governance and Environmental Social Governance on Company Financial Performance. Method: The population taken in the study is companies listed on the Indonesia Stock Exchange (IDX) in 2018-2023, which are included in the ESG Star Listed Companies because they have annual reports and sustainability reports, and are developed with the GRI standard. The sample taken in this study used purposive sampling and data analysis technique using multiple linear regression and tested using SPSS Software. Results: The results of the study indicate that GCG with independent commissioner indicators has an effect on financial performance, while the audit committee and ESG have no effect on financial performance proxied by NPM (Y). Novelty: This study shows that GCG is very important to be implemented continuously in companies using GCG, while ESG, in the study, although very important for the sustainability of the company, does not have a positive effect.
THE REACTION OF THE INDONESIAN CAPITAL MARKET TO THE ANNOUNCEMENT OF THE 2024 PRESIDENTIAL ELECTION RESULTS OF THE REPUBLIC OF INDONESIA Naufal Farhan Muhammad Sa’ad; Aisha Hanif
International Journal of Economic Integration and Regional Competitiveness Vol. 2 No. 9 (2025): International Journal of Economic Integration and Regional Competitiveness
Publisher : Antis Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijeirc.v2i9.413

Abstract

Objective: This study aims to analyze the reaction of the Indonesian capital market to the announcement of the results of the 2024 Presidential Election of the Republic of Indonesia, which was officially announced on March 20, 2024. Method: The market reaction is examined using an event study approach with two main indicators: Abnormal Return and Trading Volume Activity on stocks listed in the LQ45 index on the Indonesia Stock Exchange. The data used are secondary data in the form of daily stock prices and trading volumes during a seven-day window before and after the announcement. The normality test results indicate that the data are normally distributed; thus, hypothesis testing was conducted using the Paired Sample t-test. Results: The analysis reveals no significant differences in the average Abnormal Return or Trading Volume Activity before and after the election announcement, with significance values of 0.922 and 0.591. Novelty: The study provides empirical evidence on the Indonesian capital market’s reaction to the official announcement of the 2024 Presidential Election results using a focused seven-day event window and two key indicators, Abnormal Return and Trading Volume Activity, and reveals that the market did not exhibit a significant reaction to the political event.
ENVIRONMENTAL, SOCIAL, GOVERNANCE (ESG), CARBON EMISSIONS, AND GREEN INVESTMENT: DETERMINANTS OF FIRM VALUE IN THE ERA OF SUSTAINABILITY Lintang Shafa Zahra Zahra; Aisha Hanif
International Journal of Economic Integration and Regional Competitiveness Vol. 2 No. 12 (2025): International Journal of Economic Integration and Regional Competitiveness
Publisher : Antis Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijeirc.v2i12.432

Abstract

Objective: This study investigates the influence of Environmental, Social, and Governance (ESG) scores, carbon emission intensity, and green investment on firm value in response to increasing climate change pressures and the growing importance of sustainability in investment decisions. Method: A quantitative approach was employed using purposive sampling on companies listed on the Indonesia Stock Exchange that reported ESG values from 2021 to 2024, with data analyzed through multiple linear regression. Results: The findings indicate that ESG scores significantly enhance firm value, demonstrating the importance of effective environmental, social, and governance management. Carbon emission intensity also affects firm value, suggesting that emission levels serve as indicators of environmental performance and sustainability risk perceptions. Furthermore, green investment shows a measurable impact on firm value, emphasizing the need for strategic allocation of sustainability-related capital to balance both short- and long-term financial outcomes. Novelty: This study provides empirical evidence from the Indonesian market on the combined effects of ESG performance, carbon emission intensity, and green investment on firm value, offering new insights into how sustainability dimensions shape corporate valuation in emerging economies