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THE EFFECT OF CAPITAL STRUCTURE, COMPANY SIZE, INTEREST RATE, PROFITABILITY AND REVENUE GROWTH ON STOCK PRICES (Case Study on Transportation Companies in the Air, Land and Sea Transportation Sub-Sector Listed on the IDX) M Albani; Chairil Akhyar; Marzuki; Zulfan
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 4 No. 2 (2025): October (ON-PROGRESS)
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/jaruda.v4i2.274

Abstract

This study aims to analyze the effect of capital structure, firm size, interest rates, profitability, and revenue growth on stock prices of transportation companies in the air, land, and sea transportation sub-sectors listed on the Indonesia Stock Exchange during the 2019–2023 period. The research data were obtained from the official website www.idx.co.id. This study employed a purposive sampling technique, resulting in a sample of 16 companies with a total of 80 observational data points. The data were analyzed using the Panel Data Regression method with the aid of EViews 12 software, employing the Random Effect Model. The results of the study show that capital structure (DER) has a positive and significant effect on stock prices. Firm size has a positive but not significant effect on stock prices. Interest rates (BI Rate) have a positive but not significant effect on stock prices. Profitability (ROA) has a positive but not significant effect on stock prices. Revenue growth (Rev Growth) has a positive and significant effect on stock prices. Simultaneously, capital structure (DER), firm size, interest rates (BI Rate), profitability (ROA), and revenue growth (Rev Growth) collectively have a positive and significant effect on stock prices.
FACTORS AFFECTING FINANCIAL DISTRESS IN FINANCIAL SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FOR THE PERIOD 2019-2023 Bambang Arjuna Putra; Rico Nur Ilham; Ghazali Syamni; Zulfan
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 4 No. 2 (2025): October (ON-PROGRESS)
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/jaruda.v4i2.275

Abstract

This study aims to examine the effect of firm growth, operating cash flow, profitability, and firm size on financial distress in financial sector companies listed on the Indonesia Stock Exchange during the 2019–2023 period. The research employs a quantitative method with a sample of 93 companies selected through purposive sampling from a total population of 105 companies. Data were obtained from financial statements and analyzed using panel data regression with EViews 13. The findings reveal that firm growth and profitability have a significant negative effect on financial distress, while operating cash flow shows no significant effect. In contrast, firm size has a significant positive effect on financial distress. This study is expected to serve as a reference for management in financial sector companies to consider these indicators as benchmarks in assessing the potential risk of financial distress.
THE EFFECT OF INFLATION, INTEREST RATES, AND EXCHANGE RATES ON STOCK PRICES IN BANKING SUB-SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FOR THE PERIOD 2019-2024 Fadilla Putri Siregar; Rico Nur Ilham; Marzuki; Zulfan
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 4 No. 2 (2025): October (ON-PROGRESS)
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/jaruda.v4i2.276

Abstract

This study is to examine the influence of inflation, interest rates, and exchange rates on stock prices in banking sub-sector companies listed on the Indonesia Stock Exchange for the 2019-2024 period. The data of this research can be accessed on the official website of www.idx.co.id. The sample in this study is 41 companies. The data analysis tool in this study uses the Data Panel Regression method with the Eviews 12 application tool. The results of the study found that Inflation has a positive but insignificant effect on stock prices, interest rates have a negative and significant effect on stock prices, exchange rates have a positive and significant effect on stock prices.
Co-Authors AA Sudharmawan, AA Abadi, Sabani Ahmad Farhan, Ahmad Aidi Alfin Akhyar Andrew Satria Lubis Aqmal, Jamalul Aribah Wardah Ruye Arsyina, Lia Asasriwarni Asmara, Yusuf Vindra Ayu Namira Sasti Bambang Arjuna Putra Chairil Akhyar Cut Khairunnisa Darmawati Muchtar Delia Ananda Desi Fitri Dewi Maya Sari Edhy, Sarwo Elfia ERMAN Erwan, Friesca Evi Maisara Fadilla Putri Siregar Fadilla, Meutia Fazliati Frengki Putra Ramansyah Ghazali Syamni Harahap, Zul Anwar Ajim Hasanuddin, Iskandar Heni Pujiastuti Heri Susan Heru Setiawan Hidayani, Poppy Putri Hifnalisa Hikmawati Hikmawati Hikmawati Husaini Husni Ichsan Rusydi Ikhwan Iklil Imelda Agustina Ismayadi, Ismayadi Isnin Itsnatani Salma Jarnawi Johari Johari Johari Joko Purnomo Jummaini Junaidi M. Affan Khairil Khayatol Fadhillah Lestari AKA M Albani Maizi, Hazful Malahayati, Aisyah Juliawulan Malindha, Erma Marzuki Mawaddah Muddin, Ilhammuddin Muhammad Muhammad Fauzi Muhammad Hatta Muhammad Ridwan Muhibbuddin Munira Ulfa Muttaqien Neneng Euis NILAWATI Nurarafah Nurhadiyanti Nurlela Prastawa, Reza Pahlevi Puspitarini, Dyah Ayu Putera, Muzakkir Putri Anggraini Putri Anjani Rahayu Rahmawati Ramalinggam Rajamanickam Ratna Sary Razali Razali Thaib Rico Nur Ilham Rika Aprianti Ningsi Rika Hardiantini Rini Mardiana Risnawati, Melia Ristati Rizky Putra Fhonna Rizwan Romia Saputra Sabri, Muhammad Rifal Safitri, Safrina Sastro, Marlia Sawitri, Yulia Senyum Indrakila Sinulingga, Samerdanta Siti Zahara Sri Dewi Lestari Subaidi, Joelman Sugiarti Sumardi Sumiadi Suyatni Syamsul Rizal Syarifuddin Tamlicha, Akram Tasya Aspia Teuku Yudi Afrizal Thaib Rizwan Ulya, Zaudhatul Wardhiah Widyanti Soewoto, Widyanti Wulan Agustri Yandi Nur Cahya Yessi Febriani Yesy Afrillia Yusnita Eva Zulkarnain Zulkarnain Jalil Zulkarnaini Jalil