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The Effect of Risk Investment, Financial Statement Understanding, and Financial Literacy on Students’ Investment Interest Anthony Holly; Ana Mardiana; Robert Jao; Marselinus Asri; George Phieter Theovanus
Jurnal Inovasi Akuntansi (JIA) Vol. 4 No. 1 (2026)
Publisher : Faculty of Economics and Business, Universitas Mahasaraswati Denpasar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36733/jia.v4i1.13941

Abstract

Purpose: The purpose of this study is to investigate the effect of investment risk on students' interest in investing in stocks, the effect of financial statement understanding on students' interest in investing in stocks, and the effect of financial literacy on students' interest in investing in stocks. Method: The research design using quantitative methods, which data collection method is documentation, and using multiple regression analysis technique. Sample of the research is students from Atma Jaya university from accounting study program entrance year 2021 and 2022. Data collection using googl form. Sample size is 147 respondents. Findings: The results of the study show that investment risk has a positive and significant effect on students’ interest in investing in stocks, financial statement comprehension has a positive but not significant effect on students’ interest in investing in stocks, and financial literacy has a positive and significant effect on investing interest. Implications: the gen z has motivation of investing if they have the knowledge about the investing activities which can reduce risk in investing.
Pengaruh Struktur Modal, Pertumbuhan Perusahaan, dan Kebijakan Dividen terhadap Return Saham Perusahaan Manufaktur di BEI Periode 2020-2022 Anthony Holly; Marselinus Asri; Robert Jao; Alfonsus Jantong; Gregorius Richard Elfegi
Jurnal Ekualisasi Vol. 7 No. 1 (2026): January 2026
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi Ganesha

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60023/cqt85x73

Abstract

The purpose of this research is to analysis the influence of capital structure, company growth and dividend policy on stock return. The data processed in this research are financial reports and annual reports. The population in this study was manufacturing companies, with a total population of 194 companies. The sample in this research was obtained through a purposive sampling method and a sample size of 53 companies was obtained. The data analysis technique used is multiple linear regression analysis. The results of this research show that; capital structure has a negative and significant effect on stock returns, company growth has a positive and significant effect on stock return, and dividend policy has a positive and significant effect on stock return.
ESG DISCLOSURES AND TECHNOLOGICAL INNOVATION ON THE FINANCIAL PERFORMANCE OF ENERGY COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE ANTHONY HOLLY; ROBERT JAO
BALANCE: Jurnal Akuntansi, Auditing dan Keuangan Vol. 23 No. 1 (2026): BALANCE: Jurnal Akuntansi, Auditing dan Keuangan
Publisher : Fakultas Ekonomi dan Bisnis Universitas Katolik Indonesia Atma Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25170/balance.v23i1.7989

Abstract

Energy companies are frequently exposed to price volatility, which significantly impacts their overall performance. This study examines the influence of Environmental, Social, and Governance (ESG) disclosure and technological innovation on the financial performance of energy companies listed on the Indonesia Stock Exchange (IDX) from 2022 to 2025. Using secondary data from annual and sustainability reports, this research employs purposive sampling, yielding 68 firm-year observations from 17 selected companies. Data was analyzed using multiple linear regression. The results indicate that ESG disclosure has a positive and significant effect on financial performance, whereas technological innovation does not have a significant impact. These findings provide sector-specific empirical evidence that refines both legitimacy theory and stakeholder theory. Furthermore, the results offer practical implications for managers and policymakers in formulating more resilient disclosure strategies to enhance corporate financial outcomes.
STATE-OWNED COMPANY BOARD DIVERSITY: DRIVING OR DRAINING FINANCIAL PERFORMANCE? Anthony Holly; Ana Mardiana; Robert Jao; Fransiskus Randa
AJAR Vol. 9 No. 02 (2026): Atma Jaya Accounting Research (AJAR)
Publisher : Magister Akuntansi - Universitas Atma Jaya Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35129/0x6vz989

Abstract

This study aims to examine the impact of board of directors' characteristics—specifically gender diversity (proportion of female directors), board size, and director age—on financial performance. Grounded in agency theory and resource dependency theory, this quantitative research utilizes secondary data collected through documentation from the annual reports of State-Owned Enterprises (SOEs) covering the 2022–2024 period. Using a purposive sampling technique, the study reveals that board characteristics, namely the proportion of women, board size, and average age, exert a significant negative effect on financial performance.