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Effect of Return on Equity and Debt to Equity Ratio to Stock Return Iman Lubis; Farida Nur Alfiyah
Indonesian Financial Review Vol. 1 No. 1 (2021)
Publisher : Yayasan Pendidikan Penelitian dan Pengabdian Al-amsi

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (437.758 KB) | DOI: 10.55538/ifr.v1i1.3

Abstract

This study aims to see the effect of the effect of Return on Equity (ROE) and Debt to Equity Ratio (DER) on Stock Return. Research type in quantitative research. The research method used is the multiple linear regression method, with the variable X_1 Return On Equity (ROE), the variable X_2 Debt To Equity Ratio and the variable Y Stock Return. Collecting data in this study using descriptive analysis techniques. The documents used are financial reports from 2009 to 2018 which are listed on the Indonesia Stock Exchange. The results of the partial test research (t test) show that there is a positive and significant influence between the Return on Equity (ROE) of Stock Return, it can be seen from the value of t count 2.598> t table 2.365, with a significance value of 0.044 <0.05 can be obtained from Ho1 rejected and Ha1 accepted. Then the results of the Partial Test (t test) show that there is a negative and insignificant influence between the Debt To Equity Ratio (DER) on Stock Returns, it can be seen from the value of tcount -0.228 > ttabel -2.365, with a significance value of 0.825> 0.05 then it can be obtained that Ho2 is accepted and Ha2 is rejected. Furthermore, the results of the research simultaneously (Test f) show that there is no significant influence between Return On Equity (ROE) and Debt To Equity Ratio (DER) on Stock Return, it can be seen from the value of the value of 3.060 <ftabel 4.46 with a significance value. 0.111. Because the significant value is greater than 0.111> 0.05, it can be concluded that Ho3 is accepted and Ha3 is rejected.
Influence of Receivables Turnover and Inventory Turnover to Profitability PT Kimia Farma (Persero) Tbk Novita Wulandari; Iman Lubis
Indonesian Financial Review Vol. 1 No. 2 (2021)
Publisher : Yayasan Pendidikan Penelitian dan Pengabdian Al-amsi

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (241.755 KB) | DOI: 10.55538/ifr.v1i2.9

Abstract

This study aims to determine the effect of receivables turnover (RTO) and inventory turnover (ITR) on profitability (ROA). The method used in this study is a quantitative method by taking the financial statements of PT Kimia Farma (Persero) Tbk. This study uses descriptive statistical analysis, classical assumption test, predictive multiple regression predictive hypothesis testing and coefficient of determination with SPSS Version 22 software. Receivable Turnover (RTO) partially has no a significant effect where tcount 1.166 < ttable 2.44691 with a significant value of 0.288 > 0.05 on profitability (ROA) and Inventory Turnover (ITR) partially has no a significant effect where tcount 0.149 < ttable 2.44691 with a significant value of 0.887 > 0.05 on profitability (ROA). Simultaneously, Accounts Receivable and Inventory Turnover have no effect where Fcount 1.563 < Ftable 5.14 with a significant level of 0.284 > 0.05.
Higher Order Moment of IDXNONCYC on Stock Return PT Nippon Indosari Corpindo Tbk Predictability Iman Lubis; Syamruddin Syamruddin; Andi Sopandi
Indonesian Financial Review Vol. 2 No. 1 (2022)
Publisher : Yayasan Pendidikan Penelitian dan Pengabdian Al-amsi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55538/ifr.v2i1.11

Abstract

This study predicts the stock return's of PT Nippon Indosari Tbk with higher order moment of IDXNONCYC. The research method used is time series. Data used are ratios. The tool used is GARCH (1,1). The results are the IDXNONCYC coskewness and cokurtosis lag 1 are significant predicting the stock return’s PT Nippon Indosari Corporindo Tbk. However, IDXNONCYC risk premium lag 1 short fall to predict .
Does Downside Risk Matter more in Asset Pricing? Evidence from Indonesia Iman Lubis; Nailin Nikmatul Maulidiyah
Indonesian Financial Review Vol. 2 No. 2 (2022)
Publisher : Yayasan Pendidikan Penelitian dan Pengabdian Al-amsi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55538/ifr.v2i2.21

Abstract

This study examines downside risk matters in asset pricing, particularly evidence from Indonesia. Using ten reference indexes for passive instruments and 674 companies listed on the Indonesia Stock Exchange between 2020-2021. The four measurements are the traditional families (beta and standard deviation/risk) and downside risk families (semi-deviation and downside beta). For those, we divide 674 stocks into quintiles (5 groups). Every quintile is investigated by four measurements using Fama-Macbeth regression. semi-deviation in those close to standard deviation. Standard deviation affects semi-deviation portfolios in quintiles 1 and 2 and portfolios sorted beta and downside beta in quintile 2. Beta does not affect all portfolios. Eighth, semi-deviation affects portfolios sorted semi-deviation in quintiles 1,2,3,and 5. Downside beta does not affect all portfolios.
Pelatihan Manajemen Keuangan Pribadi dengan Pengetahuan Dasar Akuntansi Arif Surahman; Heri Murtiyoko; Iman Lubis
Jurnal Pengabdian kepada Masyarakat : Kreasi Mahasiswa Manajemen Vol 3, No 1 (2023): Jurnal Pengabdian kepada Masyarakat : Kreasi Mahasiswa Manajemen
Publisher : Unpam Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32493/kmm.v3i1.30370

Abstract

Pelatihan "Manajemen Keuangan Pribadi dengan Pengetahuan Dasar Akuntansi" merupakan inisiatif yang dilakukan oleh para dosen Universitas Pamulang sebagai bagian dari pengabdian mereka kepada masyarakat. Pelatihan ini bertujuan untuk memberikan pengetahuan dasar akuntansi kepada masyarakat umum, terutama para pengusaha yang memiliki latar belakang informal, agar mereka dapat mengelola keuangan pribadi dengan efektif dan menghindari masalah keuangan akibat pengelolaan yang buruk. Melalui pelatihan ini, peserta diharapkan dapat memahami pentingnya pembukuan yang benar dalam pengelolaan keuangan pribadi dan membuat keputusan finansial yang tepat. Literasi keuangan sangat diperlukan oleh masyarakat Indonesia, oleh karena itu penyebaran informasi tentang inklusi keuangan harus selalu diberikan kepada masyarakat umum.
TANTANGAN DAN PROBLEMATIKA KARANG TARUNA SEBAGAI ORGANISASI PENGGERAK PEMUDA MENGHADAPI ERA MILENIUM KEL. PONDOK JAGUNG, SERPONG UTARA KOTA TANGERANG SELATAN Styo Budi Utomo; Sri Sukapti; Iman Lubis; Sonny Sonny; Andi Sopandi
Jurnal Lokabmas Kreatif : Loyalitas Kreatifitas Abdi Masyarakat Kreatif Vol. 2 No. 1 (2021): Maret 2021
Publisher : Universitas Pamulang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32493/jlkklkk.v2i1.p110-122.9865

Abstract

Pengabdian Kepada Masyarakat (PKM) ini bertujuan untuk memberikan pengetahuan kepada Karang Taruna Kec. Serpong Utara Kota Tangerang Selatan tentang Tantangan Dan Problematika Karang Taruna Sebagai Organisasi Penggerak Pemuda Menghadapi Kera Milenium. Selain itu memberikan pengetahuan akan pentingnya mengelola oragnisasi dan kepemimpinan di dalam berorganisasi. Sasaran kegiatan PKM adalah pemuda Karang Taruna Kec. Serpong Utara Kota Tangerang Selatan Permasalahan diselesaikan melalui tiga (3) tahapan yaitu: persiapan, pelaksanaan dan evaluasi. Dalam kegiatan ini dilakukan dengan cara memberikan penyuluhan dengan materi sesuai kebutuhan dalam berorganisasi. Hasil kegiatan berjalan sesuai dengan yang diharapkan. Hal ini terlihat dari antusias para peserta. Para peserta memeroleh input dari materi-materi yang disampaikan yang meliputi materi Manajemen Manajemen Konflik dan Organisasi. Kegiatan juga mendapat dukungan penuh dari para civitas kelurahan. Kegiatan ini dinilai menambah khazanah keilmuan bagi para pemuda Karang Taruna.
The impact of the Russian-Ukrainian war on the influence of world oil and world gold on the ASEAN-5 Indexes Iman Lubis Lubis; Arif Surahman; Nani Rusnaeni
Indonesian Financial Review Vol. 3 No. 2 (2023)
Publisher : Yayasan Pendidikan Penelitian dan Pengabdian Al-amsi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55538/ifr.v3i2.27

Abstract

In ASEAN are 5 stock markets which have often been studied in previous financial research. The five countries are Indonesia, Malaysia, Philippines, Thailand, Singapore. This research was tested based on the events of the Ukraine-Russia war because this war had the impact of not achieving world economic growth of no greater than 5%.The aim of this research is to examine changes in world oil prices and changes in world gold prices against the ASEAN-5 indexes. Research data comes from investing.com. Variable X1 is changes in world oil prices. Variable X2 is the change in world gold prices. Variable Y is the ASEAN-5 Index. The ASEAN-5 Index countries are Indonesia, the Philippines, Singapore, Malaysia, and Thailand. The data processing technique is panel data. The result is the best random effect. Changes in world oil prices and world gold prices influence changes in the ASEAN-5 Indexes.
The Effect of Interest Rates, Non-Performing Loans (NPL), and Company Size on The Financial Performance (ROA) of PT Bank Rakyat Indonesia (Persero) Tbk for The Period 2014-2024 Dominika Dora Soge; Iman Lubis
Indonesian Economic Review Vol. 6 No. 1 (2026): February : Indonesian Economic Review
Publisher : Cahaya Abadi Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53787/iconev.v6i1.98

Abstract

This study was conducted to determine the effect of interest rates, non-performing loans (NPLs), and company size on the financial performance of PT Bank Rakyat Indonesia (Persero) Tbk during the period 2014–2024. In this study, financial performance was proxied using return on assets (ROA) as an indicator of a company's ability to utilize its assets to generate profits. The method used is a quantitative approach with an associative research type. The research data consisted of secondary data sourced from the annual financial reports of PT Bank Rakyat Indonesia (Persero) Tbk, Bank Indonesia publications, and various other official sources relevant to the observation period. Data analysis was performed through descriptive statistics, classical assumption testing, and multiple linear regression to assess the effect of independent variables on dependent variables, both partially and simultaneously. This study is expected to provide empirical evidence on the factors that influence banking financial performance, particularly those related to changes in interest rates, credit risk levels, and company size. In addition, the results of this study are expected to be taken into consideration by management in strategic decision-making and to serve as a reference for investors, regulators, and future researchers in the field of financial management and banking.
SLR on Geopolitical Risk, Commodities, Crypto, and Stocks Iman Lubis; Hamidah Hamidah; I Gusti Ketut Agung Ulupui Ulupui
Jurnal Ilmu Keuangan dan Perbankan (JIKA) Vol. 15 No. 1: Desember 2025
Publisher : Program Studi Keuangan & Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34010/jika.v15i1.16483

Abstract

This study conducts a Systematic Literature Review (SLR) to explore the impact of Geopolitical Risk (GPR) on financial markets, focusing on stock returns, gold, oil, and cryptocurrencies. Motivated by increasing global tensions and the complexity of cross-asset dynamics, the study aims to synthesize empirical evidence from 64 peer-reviewed journals published between 2020 and 2025. Using PRISMA guidelines, the review identifies five dominant themes: the role of gold and crypto as safe havens, sectoral and regional asymmetries in GPR spillovers, and the moderating role of ESG in crisis periods. Findings show that GPR intensifies volatility and spillover effects, especially during systemic crises, with different asset reactions under geopolitical versus economic shocks. Gold remains a relatively reliable hedge, while crypto offers short-term diversification with high uncertainty. Methodological gaps, such as the underuse of non-linear models and lack of studies in emerging markets, are also highlighted. The study contributes to global finance literature by mapping asset behavior under geopolitical stress and suggesting future research directions using advanced modeling in underexplored regions. Keywords: Geopolitical Risk; Gold; Oil; Cryptocurrency; Financial Volatility
Analisis Perbandingan Kinerja Keuangan pada PT Wijaya Karya Tbk dan PT Adhi Karya Tbk pada Tahun 2019 – 2024 Rafi Hauzan; Iman Lubis
Indonesian Journal of Multidisciplinary on Social and Technology Vol. 4 No. 3 (2026): Juli - Oktober
Publisher : PT Ilmu Data Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69693/ijmst.v4i3.13295

Abstract

Penelitian ini bertujuan untuk menganalisis dan membandingkan kinerja keuangan PT Wijaya Karya (Persero) Tbk dan PT Adhi Karya (Persero) Tbk periode 2019–2024 berdasarkan rasio likuiditas, rasio aktivitas, dan rasio profitabilitas. Penelitian ini menggunakan metode kuantitatif dengan pendekatan komparatif. Data yang digunakan merupakan data sekunder berupa laporan keuangan tahunan PT Wijaya Karya (Persero) Tbk dan PT Adhi Karya (Persero) Tbk yang diperoleh dari Bursa Efek Indonesia selama periode 2019–2024. Analisis data dilakukan menggunakan statistik deskriptif, uji normalitas Shapiro-Wilk, uji homogenitas Levene's Test, serta uji hipotesis menggunakan Independent Sample t-Test untuk data yang berdistribusi normal dan Mann–Whitney U Test untuk data yang tidak berdistribusi normal dengan bantuan aplikasi IBM SPSS Statistics versi 26. Hasil penelitian menunjukkan bahwa tidak terdapat perbedaan yang signifikan pada rasio likuiditas yang diukur menggunakan Current Ratio (CR) dan Quick Ratio (QR) antara PT Wijaya Karya (Persero) Tbk dan PT Adhi Karya (Persero) Tbk selama periode penelitian. Sebaliknya, terdapat perbedaan yang signifikan pada rasio aktivitas yang diukur menggunakan Total Asset Turnover (TATO) dan Receivable Turnover (RT) serta rasio profitabilitas yang diukur menggunakan Return on Assets (ROA) dan Return on Equity (ROE). Hasil penelitian ini menunjukkan bahwa kedua perusahaan memiliki kemampuan yang relatif sama dalam memenuhi kewajiban jangka pendek, namun berbeda dalam efektivitas pemanfaatan aset dan kemampuan menghasilkan laba. Oleh karena itu, hasil penelitian ini diharapkan dapat menjadi bahan evaluasi bagi manajemen perusahaan, investor, dan pihak terkait dalam menilai kinerja keuangan perusahaan sektor konstruksi BUMN.