Wirawan Suryanto
Program Studi Manajemen, Fakultas Ekonomi dan Bisnis, Universitas pamulang

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The Influence of Asset and Liquidity Management on Financial Performance of Cement Subsector Companies Listed on the Indonesia Stock Exchange Aviandri Shifa Amalia; Wirawan Suryanto
Escalate : Economics and Business Journal Vol. 4 No. 01 (2026): Escalate: Economics and Business Journal
Publisher : Takaza Innovatix Labs Ltd.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61536/escalate.v4i01.702

Abstract

This study examines the association of store atmosphere and product completeness with purchasing decisions at Pangjay Fishing Shop in Central Jakarta. A quantitative associative approach was employed, involving 100 respondents selected through non-probability purposive sampling. Data were collected using questionnaires and analyzed using simple and multiple linear regression, correlation analysis, the coefficient of determination, t-tests, and an F-test with SPSS. The results indicate that store atmosphere is positively and significantly associated with purchasing decisions (t = 4.972, p < 0.001), as is product completeness (t = 10.517, p < 0.001). Simultaneously, both variables are significantly associated with purchasing decisions (F = 60.003, p < 0.001). The coefficient of determination (R² = 0.553) indicates that store atmosphere and product completeness jointly explain 55.3% of the variation in purchasing decisions, while the remaining 44.7% is explained by other factors outside the research model. These findings highlight the relevance of store atmosphere and product completeness to purchasing decisions without establishing a causal relationship.
The Effect of Excise Tax and Capital Structure on Profitability of Cigarette Subsector Companies Listed on the Indonesia Stock Exchange Nur Fadilah; Wirawan Suryanto
Escalate : Economics and Business Journal Vol. 4 No. 4 (2026): Escalate : Economics and Business Journal
Publisher : Takaza Innovatix Labs Ltd.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61536/escalate.v4i4.707

Abstract

This study examines the relationship between excise tax burden, capital structure, and profitability in four cigarette subsector companies listed on the Indonesia Stock Exchange (IDX) during 2020–2024. A quantitative associative approach was employed using secondary data from company annual financial reports. The data were analyzed using panel data regression with EViews 12 and a Random Effect Model (REM). The results show that excise tax burden is not significantly associated with profitability (p = 0.3652), whereas capital structure has a significant positive association with profitability (p = 0.0145). The F-test indicates that excise tax burden and capital structure are jointly significant in relation to profitability (F = 6.297094; p = 0.022771). These findings highlight the different statistical relationships of the two independent variables with profitability during the observation period