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The Influence of Indonesian Interest Rates, Inflation, Debt to Asset Ratio and Return on Asset against the Property and Real Estate Sector Stock Prices on the Indonesia Stock Exchange in 2014-2018 Yeni Ariesa; Agung Sahbana; Prabowo Chuanda; Cindy Angela Kirana; Ervia Florencia Livinda; Wira Wijaya
Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences Vol 3, No 4 (2020): Budapest International Research and Critics Institute November
Publisher : Budapest International Research and Critics University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33258/birci.v3i4.1370

The aim of this study is to see the effect of Indonesia's interest rates, inflation, DAR and ROA on stock prices. This type of research is quantitative research, uses a deductive approach and is descriptive in nature. The population of the property and real estate sector has 52 companies, within 5 years, so the data totaled 155. The results of this study show that simultaneously SBI, inflation, DAR and ROA have a significant effect on stock prices. Partially, only ROA has a positive / significant effect on the stock price. Other variables, namely SBI, inflation and DAR do not affect the stock price. The amount of stock price variation that can be explained by the independent variable used is 18.3%, the remaining 81.7% is influenced by other variables.

THE INFLUENCE OF FINANCIAL INCLUSION, INNOVATION, FINTECH, PERCEIVED BENEFIT, AND PERCEIVED RISK ON THE FINANCIAL PERFORMANCE OF MSMEs IN MEDAN CITY Tanady, Alvin; Ariesa, Yeni; Rischa, Rischa; Wati, Fenny; Fong, Fandi; Sahbana, Agung
Journal of Economic, Bussines and Accounting (COSTING) Vol 7 No 5 (2024): Journal of Economic, Bussines and Accounting (COSTING)
Publisher : Institut Penelitian Matematika, Komputer, Keperawatan, Pendidikan dan Ekonomi (IPM2KPE)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31539/costing.v7i6.13395

The purpose of this study is to examine the impact of Financial Inclusion, Innovation, Fintech, Perceived Benefit, and Perceived Risk on the Financial Performance of UMKM in Medan City. The research method used is associative research (relationship analysis). The population in this study consists of UMKM owners in Medan City. The sampling technique applied is Accidental Sampling, with a total of 100 respondents, excluding 30 respondents used for validity testing. The data analysis method employed is multiple linear regression.The results of the F-test show that the F-calculated value (18.617) is greater than the F-table value (2.31) with a significance level of < 0.05, indicating that Financial Inclusion, Innovation, Fintech, Perceived Benefit, and Perceived Risk simultaneously have a significant influence on the Financial Performance of UMKM in Medan City. The t-test results reveal that Financial Inclusion has a positive and significant effect, Innovation has a negative and significant effect, Fintech has a positive and significant effect, Perceived Benefit has a positive and significant effect, and Perceived Risk has no effect on the Financial Performance of UMKM in Medan City. The coefficient of determination analysis shows an Adjusted R² value of 0.471, indicating that 47.1% of the variation in Financial Performance is explained by Financial Inclusion, Innovation, Fintech, Perceived Benefit, and Perceived Risk variables, while the remaining 52.9% is explained by other variables.

THE INFLUENCE OF WORK BEHAVIOR ON EMPLOYEE PERFORMANCE THROUGH THE WORK ENVIRONMENT AT THE REGIONAL FINANCIAL AND ASSET MANAGEMENT AGENCY OF LABUHAN BATU REGENCY Nugraha, Muhammad Bagus; Faris, Salman; Sahbana, Agung
Jurnal Ekonomi Bisnis Manajemen Prima Vol. 7 No. 2 (2026): Jurnal Ekonomi Bisnis Manajemen Prima
Publisher : JEBIM Prima

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34012/jebim.v7i2.8009

The decline in the quality of a bureaucracy is often caused by employees who are less than optimal in carrying out their duties. Therefore, this study will examine the influence of work behavior on employee performance through the work environment at the Regional Financial and Asset Management Agency (BPPA) of Labuhanbatu Regency. Data collection in this study used quantitative methods, and analysis utilized Structural Equation Modeling (SEM). The research population was all employees at the Regional Financial and Asset Management Agency of Labuhanbatu Regency and agencies related to the institution. Data collection and collection involved field observation and questionnaires. The study concluded that work behavior positively influences the work environment. Work behavior also positively influences employee performance. Furthermore, the work environment positively influences employee performance. Finally, work behavior positively influences employee performance through the work environment at the Regional Financial and Asset Management Agency (BPPA) of Labuhan batu Regency.

Pengaruh Earnings Per Share, Return On Assets, Current Ratio Dan Price To Book Value Terhadap Harga Saham LQ45 Di BEI Tahun 2021–2023 Sahbana, Agung; Lysander, Kenji; Chandra, Stefanie; Zoraya, Carissa; Ginting, Wenny Anggeresia
Community Engagement and Emergence Journal (CEEJ) Vol. 7 No. 3 (2026): Community Engagement & Emergence Journal (CEEJ)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ceej.v7i3.10511

Studi ini menganalisis pengaruh indikator fundamental keuangan yakni Earnings Per Share (EPS), Return on Assets (ROA), Current Ratio (CR), dan Price to Book Value (PBV) terhadap harga saham perusahaan-perusahaan yang tergabung dalam Indeks LQ45 di Bursa Efek Indonesia untuk periode 2021 hingga 2023. Pemilihan periode ini didasarkan pada pertimbangan bahwa masa tersebut merepresentasikan fase pemulihan ekonomi pasca pandemi COVID-19, yang ditandai dengan kondisi pasar yang masih fluktuatif dan perubahan ekspektasi investor. Dengan menggunakan metode regresi data panel terhadap sampel 29 emiten yang dipilih secara purposive (total 87 observasi), penelitian ini menguji hubungan kausal antara variabel-variabel tersebut. Hasil estimasi model menunjukkan bahwa secara parsial, hanya EPS yang memberikan pengaruh positif dan signifikan terhadap harga saham. Sebaliknya, ROA, CR, dan PBV secara individual tidak menunjukkan pengaruh yang signifikan. Namun, secara simultan, keempat variabel tersebut secara kolektif terbukti berpengaruh signifikan dengan nilai koefisien determinasi yang disesuaikan (Adjusted R²) sebesar 0,555. Implikasi dari temuan ini mengindikasikan bahwa dalam konteks pasca pandemi, para investor lebih mengandalkan indikator profitabilitas langsung seperti EPS sebagai dasar pertimbangan investasi, sementara indikator efisiensi, likuiditas, dan valuasi pasar relatif kehilangan daya penjelasnya. Dengan demikian, penelitian ini tidak hanya memberikan kontribusi praktis bagi para pelaku pasar, tetapi juga memberikan wawasan akademis melalui analisis kritis mengenai relevansi teori fundamental dalam periode transisi ekonomi.

The Effect of Live Streaming Interactivity, Influencer Credibility, and Gamification Features on Consumer Impulse Buying in Tiktok Shop Beby Eliza Sharon; Louis Tanady; Jeni Veronika Br Ginting; Agung Sahbana; Lina Kurniati
International Journal of Marketing & Human Resource Research Vol. 7 No. 2 (2026): International Journal of Marketing & Human Resourches Research
Publisher : Training & Research Institute - Jeramba Ilmu Sukses

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/ijmhrr.v7i2.3414

The proliferation of social commerce has fundamentally reshaped consumer behavior, notably by amplifying the propensity for impulse buying on interaction-driven and entertainment-centric platforms such as TikTok Shop. This study examines the influence of Live Streaming Interactivity, Influencer Credibility, and Gamification features on consumer Impulse Buying within the TikTok Shop ecosystem in Indonesia. This study employs a quantitative, causal research design. Data were gathered via online surveys from 300 TikTok Shop users, selected through purposive sampling based on their prior engagement with live streaming and purchase history. Data analysis was executed using multiple linear regression via SPSS. The empirical findings reveal that Live Streaming Interactivity, Influencer Credibility, and Gamification each have a positive, statistically significant partial effect on Impulse Buying. Notably, Influencer Credibility emerged as the most dominant predictor. Furthermore, the simultaneous analysis confirms that these three variables significantly drive impulse buying behavior, yielding an Adjusted R^2 value of 0.313. This indicates that the proposed model accounts for 31.3% of the variance in consumer impulsive purchasing. These results validate the Stimulus–Organism–Response (S-O-R) framework within the social commerce context, where social, trust-based, and emotional stimuli collectively elicit impulsive behavioral responses. This research offers strategic insights for e-commerce practitioners on optimizing integrated marketing strategies through enhanced live-streaming engagement, influencer synergy, and gamified experiences

THE EFFECT OF FIRM SIZE, CAPITAL STRUCTURE, RETURN ON EQUITY, AND ASSET GROWTH ON DIVIDEND POLICY IN PROCESSED FOOD AND BEVERAGE COMPANIES LISTED ON THE IDX Cecilia Angeline, Cecilia Angeline; Caryncia Tannia Talib2; Fichella Vanesia; Nova Sitta Tresia Hasugian; Dennys Paulus Parlindungan Damanik; Agung Sahbana
Akuntansi Prima Vol. 8 No. 1 (2026): Akuntansi Prima
Publisher : Fakultas Ekonomi Prodi Akuntansi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34012/japri.v8i1.7679

The purpose of this study is to determine the effect of firm size, capital structure, return on equity and asset growth that affect dividend policy, both partially and simultaneously. The study population was 43 beverage and processed food companies from 2019 to 2023. The sample taken was 13 firm with a purposive sampling technique. The analysis method used is multiple linear regression. The results show that only asset growth has a partial effect on dividend policy, while firm size, capital structure, and return on equity have no effect. However, simultaneously all of these factors affect dividend policy.

Pengaruh Earnings Per Share, Return On Assets, Current Ratio Dan Price To Book Value Terhadap Harga Saham LQ45 Di BEI Tahun 2021–2023 Agung Sahbana; Kenji Lysander; Stefanie Chandra; Carissa Zoraya; Wenny Anggeresia Ginting
Community Engagement and Emergence Journal (CEEJ) Vol. 7 No. 3 (2026): Community Engagement & Emergence Journal (CEEJ)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ceej.v7i3.10511

Studi ini menganalisis pengaruh indikator fundamental keuangan yakni Earnings Per Share (EPS), Return on Assets (ROA), Current Ratio (CR), dan Price to Book Value (PBV) terhadap harga saham perusahaan-perusahaan yang tergabung dalam Indeks LQ45 di Bursa Efek Indonesia untuk periode 2021 hingga 2023. Pemilihan periode ini didasarkan pada pertimbangan bahwa masa tersebut merepresentasikan fase pemulihan ekonomi pasca pandemi COVID-19, yang ditandai dengan kondisi pasar yang masih fluktuatif dan perubahan ekspektasi investor. Dengan menggunakan metode regresi data panel terhadap sampel 29 emiten yang dipilih secara purposive (total 87 observasi), penelitian ini menguji hubungan kausal antara variabel-variabel tersebut. Hasil estimasi model menunjukkan bahwa secara parsial, hanya EPS yang memberikan pengaruh positif dan signifikan terhadap harga saham. Sebaliknya, ROA, CR, dan PBV secara individual tidak menunjukkan pengaruh yang signifikan. Namun, secara simultan, keempat variabel tersebut secara kolektif terbukti berpengaruh signifikan dengan nilai koefisien determinasi yang disesuaikan (Adjusted R²) sebesar 0,555. Implikasi dari temuan ini mengindikasikan bahwa dalam konteks pasca pandemi, para investor lebih mengandalkan indikator profitabilitas langsung seperti EPS sebagai dasar pertimbangan investasi, sementara indikator efisiensi, likuiditas, dan valuasi pasar relatif kehilangan daya penjelasnya. Dengan demikian, penelitian ini tidak hanya memberikan kontribusi praktis bagi para pelaku pasar, tetapi juga memberikan wawasan akademis melalui analisis kritis mengenai relevansi teori fundamental dalam periode transisi ekonomi.

Evaluation of the Role of Digital Financial Literacy in Improving the Welfare of Micro, Small, and Medium Enterprises in Simalungun Regency, North Sumatra Province Bayu Wulandari; Herlin Munthe; Tina Novianti Sitanggang; Jhon Lismart Benget; Agung Sahbana; Merry Rusida; Nagian Toni; Namira Ufrida Rahmi
GANDRUNG: Jurnal Pengabdian Kepada Masyarakat Vol. 7 No. 2 (2026): GANDRUNG: Jurnal Pengabdian Kepada Masyarakat
Publisher : Fakultas Olahraga dan Kesehatan, Universitas PGRI Banyuwangi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36526/gandrung.v7i2.7858

Digital financial literacy is the ability of individuals to understand, evaluate, and use digital financial products and services effectively, efficiently, and safely. In the context of MSMEs, this literacy is important to help make the right decisions related to capital management, transaction recording, and more accurate business planning. This community service activity uses a participatory and educational approach. The participatory approach was chosen to actively involve MSME actors in the entire series of activities, while the educational approach aimed to improve the understanding, skills, and attitudes of MSME actors towards digital financial literacy. The PKM activity will be held on November 14, 2025 in Haranggaol Village, Simalungun Regency, North Sumatra Province. Based on the results of the evaluation that has been carried out, it can be concluded that digital financial literacy has a significant role in improving the welfare of Micro, Small, and Medium Enterprises (MSMEs) in Simalungun Regency, North Sumatra Province. MSME actors' understanding of the use of digital financial services, such as digital wallets, mobile banking, application-based financial recording, and non-cash transactions, has been proven to help improve the efficiency of business financial management.

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