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All Journal Berdikari : Jurnal Ekonomi dan Statistik Indonesia CEBONG Journal Priviet Social Sciences Journal
Simanullang, Fransiska
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Agriculture, Biological Sciences & Forestry Civil Engineering, Building, Construction & Architecture Computer Science & IT Economics, Econometrics & Finance Education Environmental Science Industrial & Manufacturing Engineering Law, Crime, Criminology & Criminal Justice Social Sciences

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Journal : Priviet Social Sciences Journal

 1 
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.
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