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Stock Prices in Banking: Profitability, Capital, Firm Value, and Company Size. Wahyuni, Tri; Nurasik
Academia Open Vol 9 No 1 (2024): June
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/acopen.9.2024.5641

The study aimed to assess factors influencing stock prices in Indonesian banking firms from 2018-2020. Using quantitative methods with a sample of 15 companies from the Indonesia Stock Exchange, the research found that profitability positively and significantly affects stock prices. However, capital structure and firm value showed no direct impact. Firm size was identified as a positive and significant influencer of stock prices. Notably, firm size moderated the effect of firm value on stock prices, but it didn't moderate profitability or capital structure's impact on stock prices. Highlights: Profitability Matters: The study emphasizes that profitability has a positive and significant impact on stock prices, highlighting the crucial role of a company's financial performance in influencing investor perception and market valuation. Size Does Matter: The size of a company plays a key role, with firm size demonstrating a positive and significant effect on stock prices. Additionally, firm size is identified as a moderator, influencing the relationship between firm value and stock prices. Capital Structure's Limited Impact: Contrary to profitability and firm size, the study suggests that capital structure alone does not significantly affect stock prices. This finding underscores the nuanced nature of factors influencing stock market dynamics. Keywords: Stock Price, Profitability, Capital Structure, Firm Value

CAPITAL STRUCTURE, FIRM SIZE, AND EFFECTIVE TAX RATE ON THE FINANCIAL PERFORMANCE OF AUTOMOTIVE SUBSECTOR COMPANIES Nurasik; Ningdiyah, Endra Wahyu; Abidin, Fitiyan Izzah Noor
Journal of Economic and Economic Policy Vol. 1 No. 4 (2024): Journal of Economics and Economic Policy
Publisher : PT ANTIS INTERNATIONAL PUBLISHER

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijecep.v1i4.50

General Background: Financial performance is a crucial indicator of a company's success and sustainability, particularly in competitive industries such as the automotive subsector. Various factors, including capital structure, firm size, and effective tax rate, are considered significant determinants of financial performance. Specific Background: In the context of the automotive subsector, these factors have garnered considerable attention due to the industry's capital-intensive nature and its exposure to dynamic market conditions. However, existing research often overlooks the combined impact of these variables within this specific sector. Knowledge Gap: Limited studies have comprehensively examined the influence of capital structure, firm size, and effective tax rate on the financial performance of automotive subsector companies, particularly during the period 2020-2023, characterized by global economic uncertainty. Aims: This study aims to analyze the effects of capital structure, firm size, and effective tax rate on the financial performance of automotive subsector companies in Indonesia. Results: Using a quantitative approach and multiple linear regression analysis on data from 12 purposively sampled companies during the 2020-2023 period, the findings reveal that all three variables—capital structure, firm size, and effective tax rate—significantly influence financial performance. Novelty: The study provides fresh insights into the interrelation of these financial determinants within the automotive subsector, highlighting their unique impact during a period of global economic flux. Implications: These findings offer valuable implications for corporate management and policymakers in designing strategies to enhance financial performance, emphasizing the need for optimal capital structuring, scaling strategies, and effective tax planning. Further research could explore longitudinal impacts and sectoral comparisons to deepen understanding of these dynamics.

Tax Evasion Perception Among Students: Gender, Religiosity, Taxation System, and Tax Rates Influence Wardeni, Endah Kusuma; Nurasik
Indonesian Journal of Islamic Studies Vol 11 No 3 (2023): August
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijis.v11i3.1677

This study investigates the factors influencing students' perceptions of tax evasion, specifically examining the impact of gender, religiosity, taxation system, and tax rates. Using multiple linear regression analysis with SPSS, the research findings reveal that gender and religiosity do not significantly influence students' perceptions of tax evasion. However, the taxation system significantly affects their perceptions, with tax rates also demonstrating a significant influence. These results provide valuable insights for students, potential taxpayers, and policymakers regarding the factors that shape perceptions of tax evasion, aiming to promote tax compliance and deter tax evasion behavior. Highlights: Gender and religiosity have no significant impact on tax evasion perception. The taxation system plays a crucial role in shaping students' perceptions of tax evasion. Tax rates are a significant influencing factor in students' perceptions of tax evasion. Keywords: Tax evasion, Perception, Gender, Religiosity, Taxation system, Tax rates

Analisis Reaksi Pasar Modal Sebelum Dan Sesudahkeputusan Bank Indonesia Mengenai Suku Bunga (Studi Pada Perusahaan Lq-45 Yang Terdaftar Pada Bei Periode Agustus 2019 – Januari 2020) PutriYulieanFajarwati; Nurasik
International Journal of Human Computing Studies Vol. 3 No. 2 (2021): IJHCS
Publisher : Research Parks Publishing LLC

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31149/ijhcs.v3i2.1745

The development of capital market activities can not be separated from the role of investors as investors and disclosure of information as consideration of investor decision making.This research aims to find out how the capital market reacts before Bank Indonesia's decision on interest rates.And to find out how the capital market reacted after Bank Indonesia's decision on interest rates.This research uses quantitative research that is event study. Data collection of financial statements at the Investment Gallery of the Indonesia Stock Exchange, University of Muhammadiyah Sidoarjo.The population in this study includes LQ45 companies that have been listed on the Indonesia Stock Exchange, with sampling techniques namely total sampling.Data analysis using T-test. The results of this study prove that there is a difference in the average abnormal return before and after Bank Indonesia's decision on interest rates as evidenced by the value of Sig.(2-tailed) is 0.000 less than 0.005 and there is a difference in average trading volume activity before and after Bank Indonesia's decision on interest rates as evidenced by the value of Sig.(2- tailed) 0.000 less than 0.005.

CAPITAL STRUCTURE, FIRM SIZE, AND EFFECTIVE TAX RATE ON THE FINANCIAL PERFORMANCE OF AUTOMOTIVE SUBSECTOR COMPANIES Nurasik; Ningdiyah, Endra Wahyu; Abidin, Fitiyan Izzah Noor
Journal of Economic and Economic Policy Vol. 1 No. 4 (2024): Journal of Economics and Economic Policy
Publisher : PT ANTIS INTERNATIONAL PUBLISHER

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijecep.v1i4.50

General Background: Financial performance is a crucial indicator of a company's success and sustainability, particularly in competitive industries such as the automotive subsector. Various factors, including capital structure, firm size, and effective tax rate, are considered significant determinants of financial performance. Specific Background: In the context of the automotive subsector, these factors have garnered considerable attention due to the industry's capital-intensive nature and its exposure to dynamic market conditions. However, existing research often overlooks the combined impact of these variables within this specific sector. Knowledge Gap: Limited studies have comprehensively examined the influence of capital structure, firm size, and effective tax rate on the financial performance of automotive subsector companies, particularly during the period 2020-2023, characterized by global economic uncertainty. Aims: This study aims to analyze the effects of capital structure, firm size, and effective tax rate on the financial performance of automotive subsector companies in Indonesia. Results: Using a quantitative approach and multiple linear regression analysis on data from 12 purposively sampled companies during the 2020-2023 period, the findings reveal that all three variables—capital structure, firm size, and effective tax rate—significantly influence financial performance. Novelty: The study provides fresh insights into the interrelation of these financial determinants within the automotive subsector, highlighting their unique impact during a period of global economic flux. Implications: These findings offer valuable implications for corporate management and policymakers in designing strategies to enhance financial performance, emphasizing the need for optimal capital structuring, scaling strategies, and effective tax planning. Further research could explore longitudinal impacts and sectoral comparisons to deepen understanding of these dynamics.

Bank Syariah Indonesia Health Status During Cyber Attack Using CAMEL: Kondisi Kesehatan Bank Syariah Indonesia Selama Serangan Siber Menggunakan CAMEL Juliana, Rizki Intan; Nurasik
Indonesian Journal of Islamic Studies Vol. 13 No. 4 (2025): November
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijis.v13i4.1786

General Background: Bank Syariah Indonesia (BSI), formed from the merger of Bank BRI Syariah, Bank Syariah Mandiri, and Bank BNI Syariah, plays a strategic role in the Indonesian sharia banking sector. Specific Background: Recently, BSI experienced a cyber attack causing financial losses and reputational challenges over an unpredictable period. Knowledge Gap: Limited research exists examining the resilience and health level of sharia banks during cyber disruptions using structured financial assessment methods. Aim: This study analyzes BSI’s health level before and during a cyber attack using the CAMEL method. Methods: A comparative descriptive approach with quantitative analysis was employed, using secondary monthly financial reports from April and May 2023, followed by descriptive statistics, normality tests, and paired sample t-tests. Results: The findings indicate no significant difference in BSI’s health level before and during the cyber attack. Novelty: This study provides empirical evidence on the stability of sharia bank health metrics during cyber threats. Implications: The results inform bank management and regulators about the resilience of financial and operational health indicators under cyber risk conditions. Highlights: Comparative analysis of BSI health before and during a cyber attack. No significant change detected using CAMEL metrics. Provides evidence on sharia bank resilience during cyber disruptions. Keywords: BSI, CAMEL, Sharia Bank Health, Cyber Attack, Financial Resilience

THE EFFECT OF PAYMENT GATEWAYS, DIGITALIZATION OF MSMEs, FINANCIAL LITERACY, AND VENTURE CAPITAL ON MSME PERFORMANCE. Ananda, Diva Firma; Biduri, Sarwenda; Nurasik; Harianto, Wiwit
Berkala Akuntansi dan Keuangan Indonesia Vol. 10 No. 2 (2025): Berkala Akuntansi dan Keuangan Indonesia
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/baki.v10i2.62803

MSMEs play an important role in economic development, overcoming the problem of poverty, and are able to provide employment opportunities. This research aims to determine the influence of payment gateways, digitalization of MSMEs, financial literacy, and business capital on the performance of MSMEs. This research uses a quantitative type of research using primary data. The population of this research is 14,410 MSME food and beverage actors in Sidoarjo Regency. Samples were taken using nonprobability sampling with a purposive sampling method and distributing questionnaires to a total of 99 respondents. The data analysis technique used in the research is multiple linear regression analysis with the help of the IBM SPSS version 23 test tool. The results of this research show that payment gateways, digitalization of MSMEs, financial literacy and venture capital have an influence on MSME performance

THE EFFECT OF PROFITABILITY, LIQUIDITY AND CAPITAL STRUCTURE ON COMPANY VALUE WITH COMPANY SIZE AS MODERATION Pangestuti, Tania Ayu Dwi; Widiarsono, Salsa Billa Adi; Fitriyah, Putri Lailatul; Nurasik
Proceeding of International Conference on Social Science and Humanity Vol. 2 No. 1 (2025): Proceeding of International Conference on Social Science and Humanity
Publisher : PT ANTIS INTERNATIONAL PUBLISHER

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/icossh.v2i1.396

Objective: The purpose of this research is to examine the influence of profitability, liquidity, and capital structure on company value with moderation of company size. Method: The data used is secondary data from the IDX on garment and textile companies for 2018-2022. The population in the study was 22 companies, and 11 samples were obtained using purposive sampling techniques. Hypothesis testing uses SmartPLS 3. Results: The results of this research state that profitability and capital structure have no effect on company value, while liquidity has an effect on company value. Company size is able to moderate profitability but cannot moderate liquidity and capital structure. Novelty: This study highlights the moderating role of company size in the relationship between financial indicators and company value, specifically its ability to moderate profitability while having no moderating effect on liquidity and capital structure.

CAPITAL STRUCTURE, FIRM SIZE, AND EFFECTIVE TAX RATE ON THE FINANCIAL PERFORMANCE OF AUTOMOTIVE SUBSECTOR COMPANIES Nurasik; Ningdiyah, Endra Wahyu; Abidin, Fitiyan Izzah Noor
Journal of Economic and Economic Policy Vol. 1 No. 4 (2024): Journal of Economics and Economic Policy
Publisher : PT. Antis International Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijecep.v1i4.50

General Background: Financial performance is a crucial indicator of a company's success and sustainability, particularly in competitive industries such as the automotive subsector. Various factors, including capital structure, firm size, and effective tax rate, are considered significant determinants of financial performance. Specific Background: In the context of the automotive subsector, these factors have garnered considerable attention due to the industry's capital-intensive nature and its exposure to dynamic market conditions. However, existing research often overlooks the combined impact of these variables within this specific sector. Knowledge Gap: Limited studies have comprehensively examined the influence of capital structure, firm size, and effective tax rate on the financial performance of automotive subsector companies, particularly during the period 2020-2023, characterized by global economic uncertainty. Aims: This study aims to analyze the effects of capital structure, firm size, and effective tax rate on the financial performance of automotive subsector companies in Indonesia. Results: Using a quantitative approach and multiple linear regression analysis on data from 12 purposively sampled companies during the 2020-2023 period, the findings reveal that all three variables—capital structure, firm size, and effective tax rate—significantly influence financial performance. Novelty: The study provides fresh insights into the interrelation of these financial determinants within the automotive subsector, highlighting their unique impact during a period of global economic flux. Implications: These findings offer valuable implications for corporate management and policymakers in designing strategies to enhance financial performance, emphasizing the need for optimal capital structuring, scaling strategies, and effective tax planning. Further research could explore longitudinal impacts and sectoral comparisons to deepen understanding of these dynamics.

Simplified Accounting Procedures for Small-Scale Banks: Insights from Bank Sampah Cangkringan Berseri: Prosedur Akuntansi yang Disederhanakan untuk Bank Skala Kecil: Wawasan dari Bank Sampah Cangkringan Berseri Rahmawati, Fauziah; Nurasik
Indonesian Journal of Law and Economics Review Vol. 18 No. 2 (2023): May
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v19i0.907

This research aimed to investigate the accounting process used at Bank Sampah Cangkringan Berseri, Kec. Sukodono, Kab. Sidoarjo, Indonesia, from transaction analysis to financial report preparation. The data collection process involved triangulation techniques, including interviews, observation, and documentation. The data were analyzed for validity, reduced, classified, and presented. The findings indicated that Bank Sampah Cangkringan Berseri did not take a profit-sharing approach but instead took the difference between the selling price to collectors. The accounting records were kept in simple formats to facilitate easy understanding by other administrators. The research revealed that the bank only used a few accounting stages, including transaction analysis, original evidence collection, journal entry recording, ledger recording, and financial reporting. This simplified process was due to the bank's small scale, which did not require a balance sheet, adjusting journal entries, and a trial balance. The implication of the research is that small-scale banks can adopt simplified accounting procedures to reduce operational complexity and costs. Highlights: Bank Sampah Cangkringan Berseri did not take a profit-sharing approach but instead took the difference between the selling price to collectors. The research revealed that the bank only used a few accounting stages, including transaction analysis, original evidence collection, journal entry recording, ledger recording, and financial reporting. This simplified process was due to the bank's small scale, which did not require a balance sheet, adjusting journal entries, and a trial balance. The implication of the research is that small-scale banks can adopt simplified accounting procedures to reduce operational complexity and costs.

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