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All Journal Berdikari : Jurnal Ekonomi dan Statistik Indonesia CEBONG Journal Priviet Social Sciences Journal
Simanullang, Fransiska
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Analysis of the effect of return on equity (roe) and company size on dividend per share (dps) in state-owned banks for the 2017-2021 period Simanullang, Sairun; Simanullang, Fransiska
Cebong Journal Vol. 2 No. 3 (2023): July: Green dan Blue Economy
Publisher : IHSA Institute

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

Abstract

This study aims to determine how much influence Return On Equity (ROE) and Company Size have on Dividend Per Share (DPS) in BUMN-Owned Banking for the 2017-2021 period, both partially and simultaneously. The method used in this research is quantitative data. The sample used is financial reports from 2017-2021. While the analysis technique used is descriptive analysis, classical assumption test, multiple regression analysis, regression coefficient and coefficient of determination. Based on the results of research on Bank Mandiri, BNI and BRI obtained the results of the F Test, amounting to 8.985 > 3.58 with a significance value of 0.004 <0.05 so that simultaneously Return On Equity (ROE) and Company Size have a significant and significant effect on Dividend Per Share with a relationship percentage of 82.5%. Based on the results of the partial T-test Return On Equity (ROE) on Dividend Per Share, a value of 2.079 <2.201 is obtained with a significant value of 0.060 > 0.05. percentage of 59.2%. The results of the partial T-test for Company Size on Dividend Per Share obtained a value of 3.673> 2.201 with a significant value of 0.003 <0.05. The results indicated that there was a significant effect of Company Size on Dividend Per Share with a percentage of 72.7%
Analysis of the effect of return on assets, debt to equity ratio, net profit margin, earning per share on stock returns in automotive and component sub-sector companies Simanullang, Sairun; Simanullang, Fransiska
Priviet Social Sciences Journal Vol. 3 No. 11 (2023): November 2023
Publisher : Privietlab

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55942/pssj.v3i11.257

Abstract

This research aims to determine the influence of profitability and leverage on stock returns. The sampling technique in this study uses a survey on the Indonesia Stock Exchange. The data analysis methods used include validity and reliability tests, classical assumption tests, regression analysis, correlation and determination coefficient analysis, and hypothesis testing. The results of this research indicate that: Return on Assets has a significant influence on returns in the automotive and component sub-sector companies on the Indonesia Stock Exchange. There is an influence of the debt to equity ratio on stock returns in automotive and component sub-sector companies on the Indonesia Stock Exchange. Net profit margin does not have a significant influence on stock returns. Earning per share influences stock returns in automotive and component sub-sector companies on the Indonesia Stock Exchange. Return on assets, debt to equity ratio, net profit margin, and earning per share influence stock returns in automotive and component companies listed on the Indonesia Stock Exchange during the period 2017-2021.
The Role of Financial Literacy and Risk Tolerance in Shaping Investment Behavior of Young Entrepreneurs Simanullang, Sairun; Simanullang, Fransiska
Jurnal Ekonomi Dan Statistik Indonesia Vol 5 No 1 (2025): Berdikari: Jurnal Ekonomi dan Statistik Indonesia (JESI)
Publisher : Future Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.11594/jesi.05.01.18

Abstract

The urgency of sustainable development has heightened global concern in green financing as a strategic method to promote environmentally responsible business practices. However, in emerging economies like Indonesia, incorporating green finance into corporate strategy remains disjointed, with restricted empirical evidence assessing its tangible impact on sustainability performance. This analysis aims to examine the effect of green financing on the environmental, social, and governance (ESG) performance of publicly listed firms in Indonesia. Employing a quantitative research design, the study uses panel data regression analysis on secondary information collected from financial reports, sustainability disclosures, and ESG ratings of firms engaged in green finance activities between 2018 and 2023. The results reveal a substantial positive relationship between adopting green financial instruments—including green bonds, sustainability-linked loans, and environmental capital expenditures—and improvements in ESG performance. These effects are especially pronounced in the environmental and social dimensions, with variation across industrial sectors. By grounding the analysis in Stakeholder Theory and the Resource-Based View, the study provides theoretical insights into the strategic value of green finance as a resource that enhances stakeholder trust and organizational capabilities. The findings contribute to the existing literature by furnishing robust, context-specific evidence from a developing market and offer practical implications for policymakers, corporate managers, and financial institutions seeking to align sustainability goals with financial strategies in support of long-term value creation.
Determinants of green finance implementation in Indonesia: Evidence from panel data analysis of institutional, market, issuer, and macroeconomic factors Simanullang, Fransiska; Simanullang, Sairun
Priviet Social Sciences Journal Vol. 5 No. 7 (2025): July 2025
Publisher : Privietlab

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55942/pssj.v5i7.650

Abstract

Green finance has emerged as a critical mechanism for mobilizing capital toward climate change mitigation and sustainable development, particularly in emerging economies. This study investigates the determinants of green finance implementation in Indonesia, focusing on five key drivers: macroeconomic conditions, issuer characteristics, governance effectiveness, financial market development with big data capabilities, and policy and regulatory support. Using a balanced panel dataset of twenty-five issuers and projects over forty quarterly periods from 2015 to 2024, and employing a fixed effects panel regression in EViews, the analysis reveals that governance effectiveness and policy and regulatory support exert the strongest positive influence on green finance implementation. Financial market depth and technological readiness, as well as favorable issuer-level structures, also contribute positively, whereas adverse macroeconomic conditions are associated with reduced uptake of green instruments. The model explains over 76% of the variation in green finance implementation, underscoring the multidimensional nature of sustainable finance in Indonesia. The findings highlight that institutional credibility, coherent policy frameworks, market infrastructure, and issuer capacity-building are essential for accelerating the scale and effectiveness of green finance. Policy implications include strengthening governance systems, enhancing ESG data infrastructure, and ensuring macroeconomic stability to foster a resilient and attractive green finance ecosystem.
How effective is corporate governance in preventing financial fraud in Indonesia Kompas100 firms? Simanullang, Fransiska; Simanullang, Sairun
Priviet Social Sciences Journal Vol. 4 No. 7 (2024): July 2024
Publisher : Privietlab

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55942/pssj.v4i7.326

Abstract

This study examines the relationship between corporate governance practices and the incidence of financial fraud among firms listed on the Kompas100 Index in Indonesia. Utilizing a panel dataset of 1,000 companies over the period from 2015 to 2023, the research employs a Fixed Effects Model (FEM) to analyze the impact of key governance variables, including board composition, ownership structure, and audit committee effectiveness, on fraud occurrence. The findings reveal that firms with a higher proportion of independent directors and more effective audit committees are less likely to engage in financial fraud. Conversely, concentrated ownership and higher leverage are associated with an increased likelihood of fraud. These results underscore the importance of robust governance mechanisms in preventing fraud, particularly in the context of Indonesia's evolving corporate landscape. The study also discusses the limitations of the research and offers policy recommendations to strengthen corporate governance frameworks, thereby enhancing the integrity of Indonesia's financial markets.
Co-Authors Simanullang, Sairun