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Pengaruh Leverage, Ukuran Perusahaan dan Profitabilitas terhadap Harga Saham Perusahaan Infrastruktur Sektor Telekomunikasi yang Terdaftar di Bursa Efek Indonesia Anistya, Vinta; Clyde, Vierina; Bagaskara, Kurniarga; Fazri, Edward
Balance : Jurnal Akuntansi dan Manajemen Vol. 4 No. 2 (2025): Agustus 2025
Publisher : Lembaga Riset Ilmiah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59086/jam.v4i2.957

Abstract

Penelitian ini bertujuan untuk menguji pengaruh  leverage, Ukuran Perusahaan dan Profitabilitas terhadap Harga Saham Perusahaan Infrastruktur Sektor Telekomunikasi yang terdaftar di BEI Periode 2019-2023. Penelitian ini menggunakan pendekatan kuantitatif dengan data sekunder yang diperoleh dari laporan keuangan perusahaan. Metode pengambilan sampel dilakukan dengan teknik purposive sampling dan diperoleh 15 perusahaan sebagai sampel, dengan total 75 observasi. Analisis data dilakukan menggunakan regresi linier berganda melalui bantuan program SPSS Statistics. Hasil penelitian menunjukkan bahwa, leverage dan profitabilitas tidak berpengaruh signifikan terhadap harga saham, sedangkan ukuran perusahaan berpengaruh positif dan signifikan. Namun, secara simultan ketiga variabel tersebut berpengaruh signifikan terhadap harga saham. Temuan ini menunjukkan bahwa kombinasi faktor-faktor fundamental perusahaan lebih berperan dalam memengaruhi keputusan investasi dibandingkan masing-masing variabel secara individu. Hasil penelitian ini selaras dengan teori sinyal (signaling theory) yang menyatakan bahwa informasi keuangan dapat menjadi sinyal penting bagi investor dalam menilai prospek suatu perusahaan.   This study aims to examine the effect of leverage, company size, and profitability on stock prices of telecommunications infrastructure companies listed on the Indonesia Stock Exchange (IDX) for the 2019-2023 period. This study uses a quantitative approach with secondary data obtained from company financial reports. The sampling method was carried out using a purposive sampling technique and obtained 15 companies as samples, with a total of 75 observations. Data analysis was carried out using multiple linear regression with the help of the SPSS Statistics program. The results of the study indicate that leverage and profitability have no significant effect on stock prices, while company size has a positive and significant effect. However, simultaneously, all three variables have a significant effect on stock prices. This finding indicates that the combination of company fundamental factors plays a greater role in influencing investment decisions than each variable individually. The results of this study are in line with signaling theory which states that financial information can be an important signal for investors in assessing a company's prospects.
Stimulating Financial Planning Behavior Through Frontline Employees: a Triadic Analysis of the Role of Servant Leadership and Customer Stewardship Climate in Islamic Banks in Indonesia Heni Indah Pratiwi; Galih Fajar Muttaqin; Edward Fazri
Jurnal Multidisiplin Sahombu Vol. 5 No. 07 (2025): Jurnal Multidisiplin Sahombu, November (2025)
Publisher : Sean Institute

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Abstract

Objectives This study aims to investigate the mechanisms through which Frontline Employees (FLEs) in Islamic banks in Indonesia can motivate improved customer financial planning behavior. This study further analyzes how servant leadership and customer stewardship climate strengthen these mechanisms. Design/Methodology or Approach This quantitative study used a triadic approach with data collected from 45 managers, 165 FLEs, and 600 customers from various Islamic banks in Java and Sumatra. Data were analyzed using Structural Equation Modeling (SEM) with bootstrapping techniques to test the mediation and moderation hypotheses. Findings The results prove that FLEs' attention to detail significantly improves customer financial planning behavior through multiple mediation, namely service customization and promotion focus. Another key finding shows that servant leadership and customer stewardship climate positively moderate the relationship between attention to detail and service customization, thereby strengthening the overall indirect effect. Limitations or Implications of the Study The geographic scope and sector (Islamic) specificity are the main limitations. The research implications emphasize the importance of recruiting and training FLEs who are detail-oriented and empathetic, as well as building an organizational culture supported by servant leadership. Originality or Value: This research is one of the first to integrate Regulatory Focus Theory and Conservation of Resources Theory in the context of Islamic financial services in Indonesia. Using a triadic approach, this study provides empirical evidence on the synergy between individuals (FLEs), leadership, and organizational climate in achieving transformative outcomes for customers.