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Pengaruh Earning Per Share Terhadap Harga Saham Dengan Debt Ratio Sebagai Variabel Pemoderating Pada PT. Akasha Wira Internasional Tbk Siti Nurjanah, Dara; Munawar, Andri Helmi; Hadiani, Dian; Suherni, Neni
Jurnal Keuangan dan Bisnis Vol. 21 No. 1 (2023): Jurnal Keuangan Dan Bisnis Volume 21 Nomor 1 Maret 2023
Publisher : Catholic University Musi Charitas

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (331.436 KB) | DOI: 10.32524/jkb.v21i1.795

Abstract

This study aims to determine and analyze earnings per share, stock price and debt ratio, and the value influence of earnings per share on stock prices with debt ratio as a moderating variable at PT Akasha Wira Internasional Tbk from 2009 to 2018. The study applied a quantitative approach in terms of explanatory method. It used secondary data with purposive sampling techniques. The statistical method used is Moderated Regression Analysis. The influence value of earnings per share on the stock prices is 35.30%. The result of the hypothesis test reveal that earning per share does not have any significant effect on the share prices of PT Akasha Wira International Tbk. Likewise, the existence of the debt ratio as a moderating variable does not provide any significant influence either. In other words, the debt ratio does not change or determine the influence value of earning per share on stock prices. At last, the correlation relationship has a negative direction which means that if the interaction of earnings per share and debt ratio increases, the stock prices will fall.
Analisis Financial Technology (Fintech) dalam Transaksi Pembayaran Menggunakan Pendekatan Adaptive Structuration Theory pada UMKM di Kota Banjar Munawar, Andri Helmi; Rahmani, Dede Arif; Hidayat, Deny; Sani, Ageng Asmara
INOVASI: Jurnal Ekonomi, Keuangan, dan Manajemen Vol. 20 No. 2 (2024): Mei
Publisher : Fakultas Ekonomi dan Bisnis Universitas Mulawarman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30872/jinv.v20i2.1789

Abstract

Tujuan penelitian ini adalah untuk menganalisis Financial Technology (Fintech) sebagai Transaksi Pembayaran pada UMKM di Kota Banjar, dan faktor-faktor yang mempengaruhi pola penggunaan layanan teknologi finansial sebagai sarana transaksi pembayaran. Metode yang digunakan dalam penelitian ini adalah pendekatan kualitatif dengan analisis deskriptif, metode pengumpulan data dengan observasi, wawancara dan studi kepustakaan. Teknik sampling dalam penentuan informan menggunakan Purpossive Sampling. Teknik analisis data dalam penelitian ini adalah reduksi data, display data dan verifikasi data. Penelitian ini menghasilkan dua kategori kesimpulan utama, yang meliputi faktor-faktor yang berkontribusi terhadap penggunaan fintech dalam UMKM, serta model implementasinya. Faktor-faktor tersebut diidentifikasi melalui pendekatan Adaptive Structuration Theory (AST). Faktor-faktor yang ditemukan bisa dikelompokkan menjadi dua sub-kategori, yaitu faktor yang mendukung dan menghambat. Faktor-faktor pendukung meliputi kenyamanan, keamanan, kesesuaian transaksi, kemudahan, dan dampak positif terhadap bisnis, yang secara praktis mencakup kemudahan dalam pencatatan, proses transaksi yang lebih simpel, dan kenaikan penjualan.
Assessing The Causal Relationship Between Payment Gateway Integration, Financial Literacy, and MSME Financial Performance Dedeh Sri Sudaryanti; Andri Helmi Munawar; Yuyun Yuniasih
BanKu: Jurnal Perbankan dan Keuangan Vol 6, No 1 (2025): Volume 6, Nomor 1, Februari 2025
Publisher : Program Studi Perbankan dan Keuangan Fakultas Ekonomi Universitas Siliwangi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37058/banku.v6i1.17022

Abstract

Micro, small, and medium enterprises (MSMEs) play a crucial role in supporting Indonesias economic growth; however, their financial performance often remains limited due to low financial literacy and suboptimal technology adoption. This study aims to examine the influence of payment gateway integration and financial literacy on the financial performance of MSMEs by employing a quantitative approach using Partial Least Squares Structural Equation Modeling (PLS-SEM). Data were collected from 100 active MSME owners through an online questionnaire and analyzed using SmartPLS 3.2.7. The findings reveal that both payment gateway usage and financial literacy have positive and significant effects on MSME financial performance. The R value of 0.317 indicates that these variables jointly explain 31.7% of the variance in financial performance, with financial literacy showing a medium effect size and payment gateway a smaller yet significant effect. The study confirms that digital payment adoption improves transaction efficiency and security, while financial literacy enhances financial planning, budgeting, and risk management capabilities. Theoretically, this research extends the Technology Acceptance Model (TAM) and the Theory of Reasoned Action (TRA) by highlighting the complementary relationship between technological adoption and cognitive financial competence. Practically, the results suggest that MSME managers and policymakers should prioritize digital finance adoption and financial literacy training to strengthen financial resilience and sustainability. Overall, this study provides empirical evidence that combining digital innovation with financial education can significantly improve MSME performance and promote inclusive economic development in emerging economies.Keywords: Payment Gateway; Financial Literacy; Financial Performance; MSMEs; Fintech; Digital Transformation.