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All Journal Jurnal Informatika Ekonomi Bisnis Jurnal Informatika Ekonomi Bisnis Conference Proceedings International Conference on Education Innovation and Social Science
Budianto, Hendy
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Economics, Econometrics & Finance Education Social Sciences

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Impact of Inflation and Interest Rate Volatility on Corporate Capital Structure Decisions Budianto, Hendy
Jurnal Informatika Ekonomi Bisnis Vol. 7, No. 2 (June 2025)
Publisher : SAFE-Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37034/infeb.v7i2.1141

Abstract

This study investigates the impact of inflation rate and interest rate volatility on corporate capital structure decisions, emphasizing the mediating role of corporate profitability. Using a quantitative approach and structural equation modeling via SmartPLS, data from publicly listed firms in emerging markets were analyzed to examine the relationships between IR, CP, debt ratio, and equity ratio. The results reveal that IR significantly affects CP, which in turn influences both DR and ER. Direct effects show that IR positively correlates with DR and negatively with ER. Furthermore, CP mediates the relationship between IR and both components of capital structure, indicating that firms with higher profitability are better positioned to respond to macroeconomic shocks by optimizing their financing mix. These findings contribute to a more nuanced understanding of capital structure behavior, highlighting the interplay between external economic conditions and internal financial performance in shaping strategic financing decisions.
Impact of Inflation and Interest Rate Volatility on Corporate Capital Structure Decisions Budianto, Hendy
Jurnal Informatika Ekonomi Bisnis Vol. 7, No. 2 (June 2025)
Publisher : SAFE-Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37034/infeb.v7i2.1141

Abstract

This study investigates the impact of inflation rate and interest rate volatility on corporate capital structure decisions, emphasizing the mediating role of corporate profitability. Using a quantitative approach and structural equation modeling via SmartPLS, data from publicly listed firms in emerging markets were analyzed to examine the relationships between IR, CP, debt ratio, and equity ratio. The results reveal that IR significantly affects CP, which in turn influences both DR and ER. Direct effects show that IR positively correlates with DR and negatively with ER. Furthermore, CP mediates the relationship between IR and both components of capital structure, indicating that firms with higher profitability are better positioned to respond to macroeconomic shocks by optimizing their financing mix. These findings contribute to a more nuanced understanding of capital structure behavior, highlighting the interplay between external economic conditions and internal financial performance in shaping strategic financing decisions.
Open Banking and Working Capital Efficiency: Evidence from API Adoption Budianto, Hendy
Jurnal Informatika Ekonomi Bisnis Vol. 7, No. 4 (December 2025)
Publisher : SAFE-Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37034/infeb.v7i4.1300

Abstract

This study aims to examine the effect of Open Banking adoption through Application Programming Interfaces (APIs) on corporate working capital efficiency in Indonesia. Employing a quantitative explanatory approach, the research involved 90 respondents consisting of finance managers, accounting staff, and fintech decision-makers across multiple industrial sectors. Data were collected via an online survey using a five-point Likert scale and analyzed using Partial Least Squares–Structural Equation Modeling (PLS-SEM). The findings reveal that API-based Open Banking adoption has a significant positive effect on working capital efficiency (β=0.482; p
Open Banking and Working Capital Efficiency: Evidence from API Adoption Budianto, Hendy
Jurnal Informatika Ekonomi Bisnis Vol. 7, No. 4 (December 2025): Accepted
Publisher : SAFE-Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37034/infeb.v7i4.1300

Abstract

This study aims to examine the effect of Open Banking adoption through Application Programming Interfaces (APIs) on corporate working capital efficiency in Indonesia. Employing a quantitative explanatory approach, the research involved 90 respondents consisting of finance managers, accounting staff, and fintech decision-makers across multiple industrial sectors. Data were collected via an online survey using a five-point Likert scale and analyzed using Partial Least Squares–Structural Equation Modeling (PLS-SEM). The findings reveal that API-based Open Banking adoption has a significant positive effect on working capital efficiency (β=0.482; p
The Influence of Profitability, Sales Growth, and Firm Size on Firm Value in The Consumer Non-Cyclicals Nugraha, Ivonne Christabella; Indah, Nopiani; Budianto, Hendy
Proceedings International Conference on Education Innovation and Social Science 2025: Proceedings International Conference on Education Innovation and Social Science
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study aims to analyze the effect of profitability on firm value, the effect of sales growth on firm value, and the effect of firm size on firm value. The research was conducted during 2019-2024. The population in this study consists of 131 companies in the non-cyclical industrial sector listed on the Indonesia Stock Exchange, with a sample of 78 companies. The sampling technique used is purposive sampling. Data processing was carried out using Statistical Product and Service Solution (SPSS) version 26. The results show that profitability has a positive effect on firm value. However, sales growth and firm size have no effect on firm value.
Co-Authors Nopiani Indah Nugraha, Ivonne Christabella