Articles
<![CDATA[Factors Affecting Company Value ]]>
<![CDATA[Khairul Rahman]]>;
<![CDATA[Mohamad Fany Alfarisi]]>;
<![CDATA[Masyhuri Hamidi]]>
<![CDATA[ Enrichment : Journal of Management Vol. 12 No. 5 (2022): December: Management Science And Field ]]>
Publisher : <![CDATA[Institute of Computer Science (IOCS) ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (367.228 KB)
|
DOI: 10.35335/enrichment.v12i5.887
<![CDATA[This study aims to analyze the effect of managerial Ownership Structure, Liquidity, Profitability, Profit Growth and Capital Structure on firm value in manufacturing companies in the basic and chemical industrial sectors as well as in the consumer goods sector. The population of this study amounted to 142 companies listed on the IDX and used a sample of 20 companies in the basic and chemical industry sector and 16 companies in the consumer goods sector that have been listed on the IDX for the 2016-2020 period. Sampling in this study using non-probability sampling method using purposive sampling technique. The results of research in the basic and chemical industry sectors obtained that managerial ownership structure has an insignificant negative effect on firm value, Liquidity has a positive and insignificant effect on firm value and profitability, growth earnings and capital structure have a negative and significant effect on firm value in the basic and chemical industry sectors]]>
<![CDATA[Analysis of the Purpose of Use of Funds on the Performance of Companies Conducting Initial Public Offerings (IPO) in 2016-2020 ]]>
<![CDATA[Mesy Ayusari]]>;
<![CDATA[Fajri Adrianto]]>;
<![CDATA[Mohamad Fany Alfarisi]]>
<![CDATA[ Enrichment : Journal of Management Vol. 12 No. 5 (2022): December: Management Science And Field ]]>
Publisher : <![CDATA[Institute of Computer Science (IOCS) ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.35335/enrichment.v12i5.993
<![CDATA[One of the objectives of a company conducting an IPO is to obtain long-term funding and short-term funding without being burdened by interest. As mentioned earlier, the company was founded for the company's sustainability in the long term related to capital such as acquisitions, investments, paying debts, expanding, and many others. Not only in the initial release of shares to the capital market, the ease of obtaining capital will also apply in the future. Several things can be done by companies after carrying out an IPO such as private placement, secondary offering, or through a limited public offering. The first hypothesis found that fixed asset investment partially has a significant effect on profitability. The second hypothesis found that working capital financing has a significant effect on profitability in IPO companies for the 2016-2020 period. The results of testing the third hypothesis found that investment in share of stock partially has a significant effect on profitability. The results of testing the fourth hypothesis found that dept repayment partially has no significant effect on profitability. And the results of testing the fifth hypothesis found that leverage has no significant effect on profitability]]>
<![CDATA[Effect of Environment, Social and Governance Disclosure on Firm Value ]]>
<![CDATA[Faradilla Suretno]]>;
<![CDATA[Fajri Adrianto]]>;
<![CDATA[Mohamad Fany Alfarisi]]>
<![CDATA[ JBTI : Jurnal Bisnis : Teori dan Implementasi Vol 13, No 2 (2022): August 2022 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.18196/jbti.v13i2.14458
<![CDATA[This study aims to determine the environmental, social, and governance of the firm value in this study are all companies listed on the Indonesia Stock Exchange from 2016-2020. The determination of the sample in this study used purposive sampling with the number of samples used by as many as 27 companies during the year. a period of 5 consecutive years of observation so that the total sample obtained is 135. This study uses Stata 14, the analytical technique used is panel data regression analysis. The results showed that the first hypothesis was found that the environment variable's disclosure had a positive and significant effect on firm value in companies listed on the Indonesia Stock Exchange. Social variable disclosure has a positive and significant impact on firm value in companies listed on the Indonesia Stock Exchange. Governance variable disclosure has a negative and significant impact on firm value in companies listed on the Indonesia Stock Exchange. While testing with the control variable, namely the company's size, partially has a significant negative effect on firm value, the leverage and profitability variables partially have a significant effect on firm value.]]>
<![CDATA[Is it Corporate Governance, Industry, and Profitability Matter on Esg Performance? Evidence from Indonesian Companies ]]>
<![CDATA[Filardi Rahmadani]]>;
<![CDATA[Fajri Adrianto]]>;
<![CDATA[Mohamad Fany Alfarisi]]>
<![CDATA[ Journal of Social Research Vol. 2 No. 3 (2023): Journal of Social Research ]]>
Publisher : <![CDATA[International Journal Labs ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.55324/josr.v2i3.728
<![CDATA[This study aims to test and provide empirical evidence regarding the influence of corporate governance (percentage of independent commissioners), industry, and profitability (ROA and retention ratio) on environmental, social, and governance (ESG) performance. This study also uses two control variables: company size and company age. The objects of this study are companies listed on the Indonesia Stock Exchange (IDX) that have complete ESG scores from the Thomson Reuters Eikon database for 2011-2020. The sample companies are 25 companies selected based on the purposive sampling method. Hypothesis testing was carried out using panel data regression analysis with the STATA 14.0 program. The results of the study show that the industry variable, profitability (retention ratio), has a negative and significant effect on ESG performance. For corporate governance variables (independent commissioners), profitability (ROA) has no effect on ESG performance. This study adds value to the existing literature because it provides an overview of the impact of the factors used on ESG performance in companies in Indonesia.]]>
<![CDATA[Pengaruh Behavioral Intention dan User Behavioral terhadap Gender sebagai Variabel Moderasi ]]>
<![CDATA[Nadya Fritanita Julyazti]]>;
<![CDATA[Mohamad Fany Alfarisi]]>;
<![CDATA[Fajri Adrianto]]>
<![CDATA[ Jurnal Informatika Ekonomi Bisnis Vol. 5, No. 1 (March 2023) ]]>
Publisher : <![CDATA[SAFE-Network ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.37034/infeb.v5i1.220
<![CDATA[This study aims to prove the effect of performance expectancy, effort expectancy, social influence and facilitating conditions on the behavioral intention of customers in the city of Padang to use Islamic banking mobile banking in the city of Padang. In addition, this study aims to prove the role of gender as a moderator of the relationship between behavioral intention and customer user behavior. Using sharia banking mobile banking services in the city of Padang. Data collection was carried out by distributing questionnaires which were carried out directly or using the Google form. The data analysis method was carried out using the Structural Equation Model. Based on the results of hypothesis testing, it was found that performance expectancy, social influence, facilitating conditions had a significant effect on behavioral intention, besides that it was also found that gender did not moderate the relationship between behavioral intention and user behavior of customers using Islamic banking mobile banking services in Padang City.]]>
<![CDATA[Governance Components and Social Performance: Company Analysis of G20 Countries ]]>
<![CDATA[Muhammad Farras Aroes]]>;
<![CDATA[Fajri Adrianto]]>;
<![CDATA[Mohamad Fany Alfarisi]]>
<![CDATA[ Journal of Social Research Vol. 2 No. 5 (2023): Journal of Social Research ]]>
Publisher : <![CDATA[International Journal Labs ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.55324/josr.v2i5.935
<![CDATA[This study is aimed to obtain empirical evidence of the influence of Management, Shareholders, and CSR Strategy on the Social Performance of companies from countries listed in the G20 forum. The study also used four control variables: Firm Size, Firm Age, Firm Leverage, and Firm Profitability. The data used is secondary data from the Thomson Reuters Eikon database of 60 companies engaged in Consumer Non-Cyclicals (Staples), more specifically, namely those engaged in the Food and Beverages sector in 2012-2021. This study used Panel Data Regression Analysis; Fixed Effect Model with the help of STATA 17. The results of this study show that Management and CSR Strategy have a significant and positive effect on Social Performance. Meanwhile, Shareholders have an insignificant and negative influence. This research adds to the high value of the scientific literature because it provides a good overview and basis for understanding how companies can provide Social Performance in accordance with company policies and performance.]]>
<![CDATA[ENDOGENEITY TESTING: HEURISTIC BEHAVIOR AS A REFERENCE FOR BEGINNING INVESTORS IN MAKING INVESTMENT DECISIONS ]]>
<![CDATA[Syailendra Eka Saputra]]>;
<![CDATA[Fajri Adrianto]]>;
<![CDATA[Mohamad Fany Alfarisi]]>;
<![CDATA[Masyhuri Hamidi]]>;
<![CDATA[Fajri Muharja]]>
<![CDATA[ Jurnal Apresiasi Ekonomi Vol 11, No 2 (2023) ]]>
Publisher : <![CDATA[Institut Teknologi dan Ilmu Sosial Khatulistiwa ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.31846/jae.v11i2.608
<![CDATA[This study aims to examine the tendency of endogeneity on heuristic behavior as a reference for novice investors in making investment decisions. Endogeneity is a deviation in OLS modeling which shows that there is still a correlation between the independent variables in the model and the error, causing biased results. The issue of endogeneity is an interesting aspect of current research, and still creates pros and cons for researchers in the fields of finance and econometrics. In this study, 158 respondents were used who were novice investors. The selection of respondents was done randomly. In this study, four categories of variables were used, namely the dependent variable, namely investment decisions, the independent variable, namely financial risk tolerance, endogenous heuristic behavior variables and financial literacy instrument variables. The analysis method is carried out using ivregress 2sls which is processed with Stata. The test results found that endogeneity symptoms were detected in heuristic behavior of novice investors. This behavior appears and influences investment decisions because it is preceded by financial literacy, which rejects the insights that investors have about financial science or investment.]]>
<![CDATA[MILLENNIAL INVESTOR DECISION ANALYSIS AND ITS DETERMINANTS (AN ENDOGENEITY PERSPECTIVE) ]]>
<![CDATA[Abel Tasman]]>;
<![CDATA[Fajri Adrianto]]>;
<![CDATA[Mohamad Fany Alfarisi]]>;
<![CDATA[Masyhuri Hamidi]]>;
<![CDATA[Fajri Muharja]]>
<![CDATA[ Jurnal Apresiasi Ekonomi Vol 11, No 2 (2023) ]]>
Publisher : <![CDATA[Institut Teknologi dan Ilmu Sosial Khatulistiwa ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.31846/jae.v11i2.612
<![CDATA[This study aims to see 1) The effect of Financial Literacy on the investment decisions of the millennial generation in Padang City 2) The effect of Risk Perception on the investment decisions of the millennial generation in Padang City 3) This type of research is a comparative causal research (Causative). The sample in this study was 96 respondents who are the Millennial generation of Padang City with a purposive sampling method. The types of data in this study are primary data and secondary data. This study uses panel data regression analysis. The data collection technique used is a questionnaire. Instrument trials use validity and reliability tests. Prerequisite analysis tests carried out included normality tests, heteroscedasticity tests, and multicollinearity tests. The collected data was analyzed using SPSS version 20.0. This study also examines endogeneity by using financial literacy as an endogenous variable and risk perception as an instrument variable. The results of this study indicate 1) Financial Literacy has a significant positive effect on the investment decisions of the millennial generation in Padang City 2) Risk Perception has a positive but not significant effect on the investment decisions of the millennial generation in Padang City due to endogeneity]]>
<![CDATA[Informasi Prospektus dalam Penetapan Harga IPO ]]>
<![CDATA[Martalia Widianti]]>;
<![CDATA[Mohamad Fany Alfarisi]]>;
<![CDATA[Rida Rahim]]>
<![CDATA[ Jurnal Informatika Ekonomi Bisnis Vol. 5, No. 3 (September 2023) ]]>
Publisher : <![CDATA[SAFE-Network ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.37034/infeb.v5i3.667
<![CDATA[This study aims to analyze the effect of shariah-compliant status, institutional investor involvement and shareholder retention on IPO prices in concumer cyclicals and non-cyclicals companies conducting Initial Public Offerings (IPOs) listed on the Indonesia Stock Exchange in 2007-2021, with control variables underwriter reputation, leverage and profitability. From the results of testing the hypothesis using multiple regression analysis of the STATA 17 program, it was found that shariah compliant-status had no significant positive effect on IPO prices, institutional investor involvement had no significant positive effect on IPO prices, and shareholder retention had a significant positive effect on IPO prices. Maenwhile, the control variable underwriter’s reputation has a significant positive effect on the IPO price, leverage has a insignificant positive effect on the IPO priceand profitability has an insignificant positive effect on the IPO price.]]>
<![CDATA[Carbon Emissions Disclosure: Study of Companies Classified as Carbon-Intensive Industries on the Indonesian Stock Exchange ]]>
<![CDATA[Cintya Salsabilla]]>;
<![CDATA[Fajri Adrianto]]>;
<![CDATA[Mohamad Fany Alfarisi]]>
<![CDATA[ Jurnal Informatika Ekonomi Bisnis Vol. 6, No. 2 (June 2024) ]]>
Publisher : <![CDATA[SAFE-Network ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.37034/infeb.v6i2.874
<![CDATA[This research was created with the aim of seeing whether financial performance, media exposure, managerial ownership, institutional ownership, the audit committee, and the board of commissioners influence carbon emissions disclosure. The object of this research is a company classified as a carbon-intensive industry that is listed on the Indonesian Stock Exchange for the 2019–2022 period. The population in this study includes all companies classified as carbon-intensive industries listed on the Indonesian Stock Exchange for the 2019–2022 period, totaling 142 companies. By using purposive sampling, a total sample of 44 companies was obtained. The information used in this research is secondary information. Secondary data refers to information collected from existing sources. Research data This information was obtained from the official website of the Indonesian Stock Exchange, namely www.idx.co.id and the company's official website. The data needed in this research is the disclosure of carbon emissions for each company in 4 consecutive years from 2019-2022 in each company's sustainability report and annual report. After all the required data and information have been collected, the data processing stage can be carried out. Data processing was carried out using Eviews 12 software.]]>
