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THE EFFECT OF SALES GROWTH, ASSET GROWTH AND MANAGERIAL OWNERSHIP ON COMPANY PROFITABILITY IN THE PROPERTY AND REAL ESTATE SECTOR LISTED ON THE INDONESIA STOCK EXCHANGE FOR THE PERIOD 2019–2023 Siti Elan Nisa; Rico Nur Ilham; Wahyuddin; Ghazali Syamni
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 3 No. 4 (2025): April
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/jaruda.v4i1.251

Abstract

The purpose of this study was to determine the effect of sales growth, asset growth, and managerial ownership on company profitability in the property and Real Estate sector listed on the Indonesia Stock Exchange for the period 2019–2023. The data used in this study are secondary data. The population consists of 93 companies, and the sample includes 19 companies selected using purposive sampling, resulting in a total of 95 observations. The data analysis method used is panel data regression. The results show that partially, sales growth has a positive and significant effect on company profitability in the property and Real Estate sector during the 2019–2023 period. Asset growth has a positive but not significant effect on company profitability in the property and Real Estate sector during the 2019–2023 period. Meanwhile, managerial ownership has a positive and significant effect on company profitability in the property and Real Estate sector during the 2019–2023 period.
THE EFFECT OF INVESTMENT DECISIONS, PROFITABILITY AND DEBT POLICY ON STOCK PRICES IN START-UP COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FOR THE PERIOD 2019-2023 Indah Sari Yusmita; Rico Nur Ilham; Ghazali Syamni; Muttaqien
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 3 No. 4 (2025): April
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/jaruda.v3i4.253

Abstract

This research examines the effect of Investment Decisions (PER), Profitability (ROE) and Debt Policy (DER) on Stock Prices in start-up companies listed on the Indonesia Stock Exchange for the 2019-2023 period. Research data can be accessed on the official website www.idx.co.id. The thesis preparation technique uses purposive sampling so that the sample in this study is 8 companies and has 40 observation data. The data analysis tool in this study uses the Panel Data Regression method with the Eviews 12 application tool with the Random Effect Model. The results of the study found that Investment Decisions (PER) have a positive and significant effect on stock prices. Profitability (ROE) has a positive and significant effect on stock prices. Debt policy (DER) has a negative but not significant effect on stock prices. Simultaneously, Investment Decision (PER), Profitability (ROE) and Debt Policy (DER) have a positive and significant effect on stock prices.
THE EFFECT OF LIQUIDITY, PROFITABILITY, AND CAPITAL STRUCTURE ON DIVIDEND POLICY IN PROPERTY AND REAL ESTATE SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE (IDX) FOR THE PERIOD 2019–2023 Silvia Ananda; Wahyuddin; Marzuki; Ghazali Syamni
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 3 No. 4 (2025): April
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/jaruda.v4i1.259

Abstract

This study aims to analyze the effect of liquidity, profitability, and capital structure on dividend policy in property and real estate sector companies listed on the Indonesia Stock Exchange (IDX) for the period 2019–2023. The research sample consists of 50 companies with a total of 250 observations over five years, selected using a purposive sampling method. Secondary data were obtained from the companies’ annual financial reports accessed through the official IDX website. The dependent variable in this study is dividend policy, proxied by the Dividend Payout Ratio (DPR) in the form of a dummy variable, while the independent variables include liquidity (Current Ratio), profitability (Return on Assets), and capital structure (Debt to Equity Ratio). Data analysis was performed using logistic regression. The results show that profitability has a positive and significant effect on dividend policy, while liquidity and capital structure do not have a positive and significant effect on dividend policy in property and real estate sector companies listed on the IDX for the period 2019–2023.
THE EFFECT OF CAPITAL ADEQUACY RATIO, NON PERFORMING LOAN, LOAN TO DEPOSIT RATIO AND SIZE ON FINANCIAL DISTRESS WITH PROFITABILITY AS A MODERATING VARIABLE IN PRIVATE BANKING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE IN THE PERIOD 2018-2022 Lala Merlita; Darmawati Muchtar; Ahmad Fauzul Hakim Hasibuan; Ghazali Syamni; Jummaini; Husaini
International Journal of Social Science, Educational, Economics, Agriculture Research and Technology (IJSET) Vol. 4 No. 6 (2025): MAY
Publisher : RADJA PUBLIKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/ijset.v4i6.759

Abstract

This study aims to determine how Profitability (ROA) strengthens/weakens the influence of CAR, NPL, LDR, SIZE on financial distress in Private Banking Companies listed on the IDX. This type of research is quantitative descriptive. The population in this study are all private banking companies listed on the Indonesia Stock Exchange. Based on these provisions, the population of this study is 35 Private Banks. The companies selected as samples are 33 private companies. With the results CAR has a significant effect on financial distress in Private Banking Companies listed on the IDX. NPL does not have a significant effect on financial distress in Private Banking Companies listed on the IDX. LDR has a significant effect on financial distress in Private Banking Companies listed on the IDX. SIZE has a significant effect on financial distress in Private Banking Companies listed on the IDX. Profitability (ROA) has a significant effect on financial distress in Private Banking Companies listed on the IDX. Profitability (ROA) cannot moderate the effect of CAR on financial distress in Private Banking Companies listed on the IDX in this study, including in the Moderation Predictor (Predictor Moderation). Profitability (ROA) can moderate the effect of NPL on financial distress in Private Banking Companies listed on the IDX in this study, including in Quasi Moderation. Profitability (ROA) can moderate the effect of LDR on financial distress in Private Banking Companies listed on the IDX in this study, including in Quasi Moderation, Profitability (ROA) can moderate the effect of SIZE on financial distress in Private Banking Companies listed on the IDX in this study, including in Quasi Moderation.
THE INFLUENCE OF INTERNAL AND EXTERNAL FACTORS ON STOCK RETURNS IN PROPERTY AND REAL ESTATE COMPANIES ON THE IDX Delia Ananda; Ghazali Syamni; Zulfan; Wardhiah
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 4 No. 2 (2025): October
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/jaruda.v4i2.271

Abstract

This study aims to analyze the influence of internal and external factors on stock returns of property and real estate companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2023 period. The internal factors examined include Return on Assets (ROA), Earnings Per Share (EPS), and Debt to Equity Ratio (DER), while the external factors consist of inflation, interest rates, and exchange rates. A quantitative approach was employed, using secondary data obtained from annual financial reports and national macroeconomic indicators. Data analysis was conducted using panel data regression, with model selection determined through the Chow Test, Hausman Test, and Lagrange Multiplier Test. The results show that partially, ROA and EPS have a positive and significant effect on stock returns, while DER has a negative but insignificant effect. Among external factors, inflation and interest rates negatively affect stock returns but are not statistically significant, whereas exchange rates exhibit a negative and significant influence. These findings support the Efficient Market Hypothesis and Arbitrage Pricing Theory, indicating that both internal and external variables collectively affect stock performance in the capital market. This study provides valuable insights for investors in evaluating financial fundamentals and macroeconomic conditions for better investment decision-making.
FACTORS AFFECTING FINANCIAL DISTRESS IN FINANCIAL SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FOR THE PERIOD 2019-2023 Bambang Arjuna Putra; Rico Nur Ilham; Ghazali Syamni; Zulfan
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 4 No. 2 (2025): October
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/jaruda.v4i2.275

Abstract

This study aims to examine the effect of firm growth, operating cash flow, profitability, and firm size on financial distress in financial sector companies listed on the Indonesia Stock Exchange during the 2019–2023 period. The research employs a quantitative method with a sample of 93 companies selected through purposive sampling from a total population of 105 companies. Data were obtained from financial statements and analyzed using panel data regression with EViews 13. The findings reveal that firm growth and profitability have a significant negative effect on financial distress, while operating cash flow shows no significant effect. In contrast, firm size has a significant positive effect on financial distress. This study is expected to serve as a reference for management in financial sector companies to consider these indicators as benchmarks in assessing the potential risk of financial distress.
THE INFLUENCE OF FINANCIAL KNOWLEDGE AND FINANCIAL ATTITUDE ON FINANCIAL MANAGEMENT BEHAVIOR WITH LOCUS OF CONTROL AS AN INTERVENING VARIABLE AT KA.CAB PT. SAMUDERA LAUTAN LUAS MEDAN Iqbaal Fauzi Pakpahan; Hendra Raza; Naz’aina; Darmawati; Ghazali Syamni; Jummaini
International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS) Vol. 4 No. 3 (2024): June
Publisher : CV. Radja Publika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/ijebas.v4i3.1649

Abstract

The Influence of Financial Knowledge and Financial Attitude on Financial Management Behavior with Locus of Control as an Intervening Variable at Ka.Cab Pt. Ocean Wide Ocean Medan. This research is quantitative research. In this research, the population is all employees of PT. Samudera Lautan Luas, totaling 105 employees. According to Sugiyono, (2016) the saturated sample determination method or total sampling is a sample determination technique when all members of the population are used as samples. So all members of the population were used as research samples, therefore the researcher took 105 samples. With the results, Financial knowledge has a positive and insignificant effect on Financial Management Behavior, Financial Knowledge has a significant positive effect on locus of control, Financial Attitude has a positive and not significant effect on financial management behavior, Financial attitude has a significant positive effect on Locus of Control, Locus of control has a significant positive effect towards financial management behavior, Locus of control is not able to mediate financial knowledge towards financial management behavior, and Locus of control is able to mediate financial attitude towards financial management behavior.
FINANCIAL DEVELOPMENT AND FOREIGN DIRECT INVESTMENT: THE ROLE OF INSTITUTIONAL QUALITY AS A MODERATION VARIABLE Wasni Maisarah; Darmawati; Ghazali Syamni
International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS) Vol. 4 No. 3 (2024): June
Publisher : CV. Radja Publika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/ijebas.v4i3.1711

Abstract

This research aims to determine the influence of Market Capitalization, Stock Index, Tax Rate, Gross Domestic Gross, Population and Institutional Quality on Foreign Direct Investment in ASEAN. And also to find out whether Institutional Quality strengthens the relationship between Market Capitalization, Stock Index, Tax Rate, Gross Domestic Gross, Population and Foreign Direct Investment in ASEAN. This research uses secondary data accessed on the official website of The World Bank and investing.com. Data processing uses eviews 10 software and this research uses panel data regression analysis. The research results show that Market Capitalization has a negative and significant effect on FDI, Market Capitalization has a negative and significant effect on FDI. Stock Index, Tax Rate, GDP, and Population have a positive and significant effect on FDI. Institutional Quality has a negative and significant effect on FDI. Institutional Quality does not have a significant effect in moderating Market Capitalization, GDP and Population on FDI. Institutional Quality has a significant effect in moderating the Stock Index and Tax Rate on FDI.
Pengaruh literasi keuangan,  gaya hidup,  kontrol diri terhadap perilaku manajemen keuangan mahasiswa dalam penggunan layanan shoppe paylater(Studi Kasus Mahasiswa Fakultas Ekonomi dan Bisnis Universitas Malikussaleh) Raisa Salsabila; Ghazali Syamni; Ristati Ristati; Muttaqien Muttaqien
Jurnal Intelek Insan Cendikia Vol. 2 No. 5 (2025): MEI 2025
Publisher : PT. Intelek Cendikiawan Nusantara

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Abstract

Studi ini bermaksud menganalisis dampak pengetahuan finansial, pola hidup, serta pengendalian diri pada tingkah laku pengelolaan keuangan mahasiswa ketika memanfaatkan fitur Shopee PayLater, terutama pada Fakultas Ekonomi dan Bisnis, Universitas Malikussaleh. Metodologi penelitian mencakup distribusi survei kepada mahasiswa guna mengumpulkan informasi terkait sikap finansial, perencanaan, dan pengawasan pengelolaan mereka. Temuan analisis memperlihatkan bahwa pengetahuan finansial dan pengendalian diri memberikan dampak positif serta bermakna pada tingkah laku pengelolaan keuangan mahasiswa, sementara pola hidup konsumerisme memberikan dampak negatif yang bermakna pada tingkah laku finansial yang sehat. Berdasarkan temuan studi, dapat ditarik kesimpulan bahwa mahasiswa yang memiliki pengetahuan finansial yang memadai cenderung mengambil keputusan finansial yang lebih bijaksana dan sanggup mengontrol pengeluaran mereka. Selain itu, mahasiswa yang memiliki pengendalian diri yang baik dapat mengatur keuangan mereka dengan lebih efisien, sedangkan pola hidup konsumerisme dapat mengakibatkan permasalahan finansial seperti masalah keuangan yang tidak terkendali dan ketidakstabilan.
Pengaruh Pengeluaran Pemerintah Sektor Pendidikan, Pengeluaran Sektor Kesehatan Dan Dana Otonomi Khusus Terhadap Kinerja Keuangan Kabupaten/Kota Di Provinsi Aceh Tahun 2020-2023 Farica Yusrina Lubis; Muttaqien Muttaqien; Rico Nur Ilham; Ghazali Syamni
Jurnal Intelek Insan Cendikia Vol. 2 No. 6 (2025): JUNI 2025
Publisher : PT. Intelek Cendikiawan Nusantara

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Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh Pengeluaran Pemerintah Sektor Pendidikan (PSP), Pengeluaran Sektor Kesehatan (PKS), dan Dana Otonomi Khusus (DOK) terhadap Kinerja Keuangan (KK) Kabupaten/Kota di Provinsi Aceh selama periode 2020-2023. Menggunakan pendekatan kuantitatif dengan data panel dari 23 kabupaten/kota (sampel jenuh) dan dianalisis menggunakan model regresi data panel (dipilih Random Effect Model-REM berdasarkan pengujian), penelitian ini menemukan bahwa: (1) Pengeluaran Pemerintah Sektor Pendidikan (PSP) berpengaruh positif dan signifikan terhadap Kinerja Keuangan daerah. (2) Pengeluaran Sektor Kesehatan (PKS) tidak ditemukan berpengaruh signifikan terhadap Kinerja Keuangan daerah. (3) Dana Otonomi Khusus (DOK) juga tidak ditemukan berpengaruh signifikan terhadap Kinerja Keuangan daerah. Temuan ini mengindikasikan pentingnya alokasi anggaran pendidikan yang efektif dalam meningkatkan kinerja keuangan daerah di Aceh, sementara efektivitas belanja kesehatan dan dana otonomi khusus terhadap kinerja keuangan memerlukan kajian lebih lanjut.