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Journal : Dinasti International Journal of Management Science

Does Profitability Mediate the Influence of Corporate Social Responsibility on Stock Prices in ESG-Leading Firms in Indonesia? Dwitama, Ellisia; Tannia, Tannia
Dinasti International Journal of Management Science Vol. 5 No. 3 (2024): Dinasti International Journal of Management Science (January-February 2024)
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31933/dijms.v5i3.2134

Abstract

This research aims to analyze whether profitability mediates the influence of corporate social responsibility on stock prices in ESG Leading firms in Indonesia. The sample for this study is 14 companies listed in IDXESGL during 2020–2022. In this quantitative study, path analysis of data panels using Eviews 12. The study's findings suggest that CSR and ROA have a significant influence on stock prices. However, ROA is not influenced by CSR, and ROA cannot act as a mediator for CSR in influencing stock prices. The study's findings provide businesses and stakeholders with insight that CSR is a long-term initiative that will eventually help both businesses and society. Penelitian ini bertujuan menganalisis apakah profitabilitas menjadi mediator dalam pengaruh corporate social responsibility terhadap harga saham pada perusahaan ESG Leaders di Indonesia. Sampel terdiri dari 14 perusahaan yang terdaftar di IDXESGL selama 2020–2022. Dalam studi kuantitatif, analisis jalur data panel menggunakan Eviews 12. Temuan menunjukkan bahwa CSR dan ROA berpengaruh signifikan terhadap harga saham. Namun, CSR tidak mempengaruhi ROA, dan CSR tidak berpengaruh signifikan terhadap harga saham melalui ROA. Temuan ini memberikan wawasan kepada bisnis dan pemangku kepentingan bahwa CSR merupakan inisiatif jangka panjang yang akan memberikan manfaat bagi bisnis maupun masyarakat.
The Effect of Liquidity, Activity, Profitability, and Leverage on The Financial Distress of Properties And Real Estate Companies in 2019-2022 Jessie, Jessie; Tannia, Tannia
Dinasti International Journal of Management Science Vol. 5 No. 3 (2024): Dinasti International Journal of Management Science (January-February 2024)
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31933/dijms.v5i3.2159

Abstract

The purpose of this study is to examine how financial distress is affected by liquidity, activity, profitability, and leverage in real estate and property companies that are listed on the Indonesia Stock Exchange between 2019 and 2022. This study is inspired by the recent financial distress of major industry participants such as FORZ, COWL, MYRX, and ARMY. The approach in this study is quantitative, and the data was gathered using a documentation technique with a sample of 33 companies. This study is conducted with panel data regression using Eviews 12. The results of this study reveal that liquidity, activity, profitability, and leverage simultaneously have a significant impact on financial distress. Liquidity and profitability partially exhibit negative and significant effects on financial distress, while leverage has a positive and significant impact on financial distress. However, activity alone does not significantly affect financial distress. In addition, the findings affirm that the risk of financial distress can be influenced by financial factors such as liquidity, activity, profitability, and leverage.