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All Journal Advances in Human Resource Management Research Advances in Business & Industrial Marketing Research Advances in Community Services Research
Andi Muara Arumbarkah
Universitas Muslim Indonesia, Makassar, Indonesia
Economics, Econometrics & Finance Other

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Corporate Governance Mechanisms, Firm Size, and Financial Performance: Evidence from Indonesian Mining Companies Andi Muara Arumbarkah; Mahfudnurnajamuddin Mahfudnurnajamuddin; Muh. Haerdiansyah Syahnur; Muslim Muslim
Advances in Human Resource Management Research Vol. 4 No. 3 (2026): June - September
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/ahrmr.v4i3.1058

Abstract

Purpose: This study examines the effects of institutional ownership, independent commissioners, audit committees, and firm size on the financial performance of mining companies listed on the Indonesia Stock Exchange (IDX), with Return on Assets (ROA) used as the performance indicator. Research Method: This study employed a quantitative explanatory design using audited annual report data from 30 IDX-listed mining companies during 2021–2023, generating 90 firm-year observations. The data were analyzed using multiple linear regression with SPSS after conducting classical assumption tests. Results and Discussion: Institutional ownership, independent commissioners, audit committees, and firm size have positive and significant effects on ROA. Firm size has the strongest effect, indicating that larger firms are better positioned to achieve operational efficiency, economies of scale, and broader access to financing. The positive governance effects demonstrate that effective ownership monitoring, board independence, and audit oversight strengthen managerial accountability and asset utilization. Implications: Companies should strengthen governance practices beyond formal compliance, while regulators should promote effective monitoring and accountability. Future studies should examine longer periods, other industries, additional performance measures, and governance quality indicators. Originality: This study provides sector-specific evidence from Indonesia’s mining industry on the combined role of governance mechanisms and firm size in explaining asset profitability.
Financial Marketing in E-Commerce: How Trust, Transaction Ease, and Information Quality Shape Online Purchase Decisions Andi Muara Arumbarkah
Advances in Business & Industrial Marketing Research Vol. 4 No. 3 (2026): June - September
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/abim.v4i3.1129

Abstract

Purpose: This study examines how trust, transaction ease, and information quality influence online purchase decisions among young adult e-commerce users. Research Method: A quantitative explanatory survey was conducted with 64 eligible users recruited from a private university setting in Makassar, Indonesia. All respondents had prior purchasing experience on the focal marketplace platform. Trust, transaction ease, information quality, and online purchase decision were measured using multi-item five-point Likert scales. The analysis employed item-total validity assessment, Cronbach’s alpha, classical regression diagnostics, multiple linear regression, t-tests, an overall F-test, and the coefficient of determination using SPSS. Results and Discussion: The findings support a transaction-centered explanation of e-commerce behavior. Consumers are more willing to decide to purchase when they trust the exchange environment, perceive the transaction process as easy, and receive information that is sufficiently accurate, timely, relevant, and complete. Ease and trust display almost identical standardized coefficients, indicating that process convenience and transaction confidence should be regarded as joint priorities rather than as competing explanations. Information quality has a smaller unique effect but remains an important part of the purchase-conversion environment. Implications: Marketplace managers should reduce transactional friction, protect trust through reliable seller and platform signals, and improve the accuracy, relevance, timeliness, and completeness of product information. Originality: The study integrates Technology Acceptance Model logic, e-commerce trust, and information quality theory into a single conversion-oriented framework and compares their relative effects within a tightly defined segment of young adults.
Liquidity, Solvency, and Profitability as Determinants of Firm Value: Empirical Evidence from the Food and Beverage Subsector on the Indonesia Stock Exchange Andi Muara Arumbarkah
Advances in Community Services Research Vol. 4 No. 2 (2026): March - August
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/acsr.v4i2.1128

Abstract

Purpose: This study examines the effects of liquidity, solvency, and profitability on firm value in food and beverage companies listed on the Indonesia Stock Exchange during 2019–2022. Research Method: An explanatory quantitative design was employed using secondary data obtained from audited financial statements and annual reports. The purposive sample comprised 17 companies and 68 firm-year observations. The data were analyzed using pooled multiple linear regression and supporting regression diagnostics. Results and Discussion: Liquidity, proxied by the Current Ratio, has a positive and significant effect on PBV. Solvency, proxied by the Debt-to-Equity Ratio, has a negative and significant effect, while profitability, proxied by Return on Assets, has a positive and significant effect. The three variables are jointly significant, with R² = .511 and adjusted R² = .488. Implications: Managers should maintain adequate but productive liquidity, align leverage with cash-flow capacity, and improve the productivity of assets in generating earnings. Investors should read CR, DER, and ROA jointly rather than treating each ratio in isolation when evaluating consumer-sector firms. Originality: It integrates signaling theory with the trade-off perspective to explain why liquidity and profitability convey positive valuation signals, whereas leverage may signal heightened financing risk.
Co-Authors Mahfudnurnajamuddin Mahfudnurnajamuddin Muh. Haerdiansyah Syahnur Muslim Muslim