Claim Missing Document
Check
Articles

Found 28 Documents
Search

Factors Affecting Company Value: : A Study of Real Estate and Property Companies Listed on the IDX Fajariyanti, Indah Ayu; Lulu Nurul Istanti
Adpebi International Journal of Multidisciplinary Sciences Vol. 2 No. 1 (2023)
Publisher : Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54099/aijms.v2i1.326

Abstract

Purpose – This paper seeks to test and analyze the effect of return on assets, current ratio, and debt to equity ratio on the value of real estate and property companies listed on the IDX for five-year time frame. Methodology/approach – This research was a quantitative study. The sample of this study was taken using purposive sampling techniques with the following criteria, the first is a real estate and property company that publishes financial statements that have been audited consecutively during the 2015-2019 period, and the second is a real estate and property company whose financial statements contain all the variables needed in the study. The analytical tools in this study are multiple linear regression analysis. Findings –Based on the results of research on the multiple regression model, the return on assets and debt to equity ratio have a significant positive effect on price to book value. Meanwhile, the current ratio has no significant effect on the price to book value. Novelty/value – Price to Book Value shows how far the company is able to create company value relative to the amount of capital invested. The higher the Price to Book Value ratio, the more successfully the company creates value for shareholders.
Analysis of The Impact of Political Connections and Ownership Structure on Corporate Performance (A Study on Companies Listed on BEI 2015-2019) Zen, Fadia; Murdiono, Achmad; Istanti, Lulu Nurul; Pradana, Deni Bagas; Nofianti, Siska Krisdiana
Journal of International Accounting, Taxation and Information Systems Vol. 1 No. 3 (2024): August
Publisher : CV. Proaksara Global Transeduka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70865/jiatis.v1i3.59

Abstract

The aim of this study is to understand the differences in the impact of government and political connections, considering various ownership structures, leverage, and company size, on corporate performance. Focusing on political connections during the Jokowi regime, we analyze based on 2843 observations of companies listed in Indonesia. Additionally, we use OLS regression and address endogeneity problems with Robust Standard Error, resulting in new regression outcomes free from endogeneity issues. Our findings indicate that in the Jokowi regime, political connections significantly enhance corporate performance. Furthermore, the business landscape in Indonesia is dominated by conglomerates, family-owned businesses, and politicians. These findings can assist regulators and standard setters in considering future ownership structures, especially in state-owned enterprises, tender restrictions, and good corporate governance supervision, helping to devise the best strategies to improve welfare and reduce the excessive control of conglomerates in Indonesia. Instead of incremental work, this study focuses on corporate performance from a broader dimension of political connections, also examining the influence of other variables central to numerous research studies.
The Influence of Financial Technology on the Performance of MSMEs in the Regency Blitar : Effect Financial Literacy Mediation Murdiono, Achmad; Zen, Fadia; Istanti, Lulu Nurul
Journal of International Accounting, Taxation and Information Systems Vol. 1 No. 3 (2024): August
Publisher : CV. Proaksara Global Transeduka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70865/jiatis.v1i3.60

Abstract

The Pancasila democratic economic system places MSMEs as one of the ideal locomotives for driving the national economy. Financial technology (Fintech) presents a paradigm shift in the financial and business sectors, one of which is the development of Fintech in the MSME scale industry. The focus object in this research is Blitar district MSMEs administrators who use fintech under the coordination of the Blitar District MSMEs and MSMEs Service. From variable testing, we can find out the impact of financial technology on the performance of MSMEs with financial literacy as a mediating variable. This research uses a quantitative approach which is descriptive, meaning that data analysis is quantitative, data collection uses research instruments which are also used to examine populations and samples to test the hypotheses that have been applied. The research results show that Fintech does not affect the performance of MSMEs and financial literacy is able to moderate the influence of Fintech on the performance of MSMEs. Variables such as sales turnover, profitability and asset growth do not show significant differences between MSMEs that use Fintech and those that do not use Fintech. These findings indicate that the benefits of Fintech have not been fully felt by MSMEs.
Pengaruh Hedonic Lifestyle, Literasi Keuangan dan Sikap Keuangan Terhadap Perilaku Keuangan pada Generasi Z dengan Gender sebagai Variabel Moderasi Nirmala, Annisa Najla; Agustina, Yuli; Subagyo, Subagyo; Istanti, Lulu Nurul
Jurnal Ekonomi Akuntansi dan Manajemen Vol. 23 No. 2 (2024)
Publisher : Universitas Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19184/jeam.v23i2.48570

Abstract

The evolution of the times necessitate individuals to cultivate prudent financial behavior. It was found that many students in the city of Malang revealed a prevalence of hedonistic lifestyle. Many studens in the city of Malang easily felt FOMO (fears of missing out) about a trend. So, the purpose of this study was to investigate how a hedonic lifestyle, financial literacy, and financial attitudes affect the financial behavior of generation z students in Malang city. The research uses a quantitative approach, focusing on generation z students in Malang city as the population with 210 respondents. The results show that financial behavior is negatively impacted by a hedonic lifestyle, while financial literacy and financial attitudes have a positive influence. However, gender does not have any effect on the relationship between hedonic lifestyle, financial literacy, financial attitudes, and financial behavior. The findings of this study are the financial behavior of students in Malang city can be said to be quite good, but still have a hedon lifestyle, becauda of low self-reliance Keywords: Hedonic Lifestyle, Financial Literacy, Financial Attitudes, Financial Behaviour, Gender
DEBT RATIO, RETURN ON ASSET, FIRM SIZE AND EARNINGS MANAGEMENT: AGE MODERATION Soesetio, Yuli; Subagyo, Subagyo; Istanti, Lulu Nurul; Zen, Fadia
Jurnal Aplikasi Manajemen Vol. 21 No. 2 (2023)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.jam.2023.021.02.05

Abstract

Earnings management still become a phenomenon both in Indonesia and abroad. Many cases of earnings management practices have occurred and the company's amount of leverage is one of the drivers of earnings management practices. This research aims to examine and describe the relationship between various debt policy, profitability, and company size on earning management moderated by firm age. The selected samples were 102 companies listed on the Indonesia Stock Exchange (IDX) in 2010-2018. The independent variables in this study include DER, bank debt, short-term debt and long-term debt, age, and company size. Earnings management as the dependent variable in this study uses the Modified Jones Model. The results of the regression equation analysis show that all debt policy proxies consistently have a negative and significant effect on earnings management. Furthermore, the company's experience as a proxy for firm age strengthens the relationship between debt policy and earnings management practices. More interestingly, specifically among the three debt policies, bank debt is the policy that is most able to represent the influence on earnings management practices. This indicates that the most effective monitoring of earnings management practices comes from banking institutions. Overall, the profit information shown in financial statements is the product of earnings management, so the level of quality of financial reports is deserving of close inspection and prudence when making decisions based simply on profit information.
May Financial Literacy, Risk Tolerance, and Demographic Factors Influence the Investment Decisions of BCA Malang Customers? Lulu Nurul Istanti; Ninuk Puji Lestari
Asean International Journal of Business Vol. 2 No. 1 (2023)
Publisher : Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54099/aijb.v2i1.455

Abstract

Purpose – This research aims to show empirically that financial literacy, risk tolerance, and demographic factors directly influence the investment decisions of Bank BCA Malang, Indonesia, customers. Methodology/approach – The purpose sampling method in this study has specific criteria in sampling, namely customers who are at least 17 years old, have invested at least one year, and have their income. This study shows the direct impact of using SEM-PLS analysis to demonstrate the dependence of independent variables on investment decisions. Findings – The analysis results show that financial literacy does not affect investment decisions. Furthermore, the results of the hypothesis testing analysis carried out explain that risk tolerance affects investment decisions. Finally, the hypothesis testing analysis results explain that the variables of demographic factors do not affect investment decisions.
The Influence of Financial Literacy, Financial Inclusion and Innovation on the Financial Performance of MSMEs in the Marble Processing Industry Sector Satwara, Elindya Noviantika; Istanti, Lulu Nurul
INOVASI: Jurnal Ekonomi, Keuangan, dan Manajemen Vol. 20 No. 4 (2024): November
Publisher : Fakultas Ekonomi dan Bisnis Universitas Mulawarman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30872/jinv.v20i4.2443

Abstract

The main problems faced by MSMEs in the Marble Processing Industry Sector in Campurdarat District are limited business capital, low level of financial knowledge and limited innovation. To maximize financial performance and sustainability of MSMEs, quality and high-value internal resources are needed. This study aims to find out and learn how the influence of financial literacy, financial inclusion and innovation as internal business resources on the financial performance of Marble Stone Industry MSMEs in Campurdarat District, Tulungagung Regency. The research was conducted using a quantitative method and involved as many as 75 samples obtained by the accidental purposive sampling method. The data processing of the questionnaire results was carried out by multiple linear regression analysis through SPSS. The results of the study show that financial literacy and innovation partially have a positive and significant effect on financial performance, financial inclusion has no significant effect on the financial performance of MSMEs, and simultaneously financial literacy, financial inclusion and innovation has a significant positive effect on the financial performance of MSMEs
PENGARUH KEPUTUSAN INVESTASI, KEBIJAKAN UTANG, DAN KEBIJAKAN DIVIDEN TERHADAP HARGA SAHAM (STUDI KASUS PADA PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BEI PERIODE 2017-2021) Sugianto, Aldhera Pradiska; Lulu Nurul Istanti
Modus Vol. 36 No. 1 (2024): Vol 36 No.1 (2024): MODUS
Publisher : Faculty of Business and Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/modus.v36i1.7892

Abstract

The purpose of this study is to analyze the factors that can affect stock prices, especially factors related to financial management functions, namely investment decisions, debt policy, and dividend policy. This research is interesting to discuss because the banking sector has a crucial role in a country's economy, and the factors that affect the stock price of banking companies have become a relevant topic in the financial literature. The novelty of this research lies in the specific focus on banking companies, which is different from previous studies that are more general about certain industries or sectors. This study uses a quantitative approach and is causal associative in nature. The sampling technique used was nonprobability sampling with purposive sampling method and obtained a total of 50 samples of financial statements of banking companies listed on the IDX for the period 2017-2021. The data analysis technique uses multiple linear regression analysis and data processing using the SPSS 25 program. The results showed that debt policy has a negative and significant effect on stock prices, while investment decisions and dividend policy have no effect on stock prices. The results of this study are expected to provide insight to stakeholders, including company management, investors, regulators, and academics, to make better decisions regarding investment in the banking sector.  Keywords: investment decision; debt policy; dividend policy; stock price. Tujuan penelitian ini adalah untuk menganalisis faktor-faktor yang dapat memengaruhi harga saham khususnya faktor yang berkaitan dengan fungsi manajemen keuangan, yaitu keputusan investasi, kebijakan utang, dan kebijakan dividen. Penelitian ini menarik untuk dibahas karena sektor perbankan memiliki peran krusial dalam perekonomian suatu negara, serta faktor-faktor yang memengaruhi harga saham perusahaan perbankan telah menjadi topik yang relevan dalam literatur keuangan. Kebaruan dari penelitian ini terletak pada fokus khusus pada perusahaan perbankan, yang berbeda dengan penelitian sebelumnya yang lebih umum mengenai industri atau sektor tertentu. Penelitian ini menggunakan pendekatan kuantitatif dan bersifat asosiatif kausal. Teknik pengambilan sampel yang digunakan adalah nonprobability sampling dengan metode purposive sampling dan diperoleh total 50 sampel laporan keuangan perusahaan perbankan yang terdaftar di BEI periode 2017-2021. Teknik analisis data menggunakan analisis regresi linier berganda dan olah data menggunakan program SPSS 25. Hasil penelitian menunjukkan bahwa kebijakan utang berpengaruh negatif dan signifikan terhadap harga saham, sedangkan keputusan investasi dan kebijakan dividen tidak berpengaruh terhadap harga saham. Hasil dari penelitian ini diharapkan dapat memberikan wawasan kepada para pemangku kepentingan, termasuk manajemen perusahaan, investor, regulator, dan akademisi, untuk mengambil keputusan yang lebih baik terkait investasi di sektor perbankan. Kata kunci: keputusan investasi; kebijakan utang; kebijakan dividen; harga saham