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EFFECT OF THE ASSETS STRUCTURE, GROWTH OPPORTUNITY, AND SYSTEMATIC RISK ON CAPITAL STRUCTURE AND CAPITAL STRUCTURE EFFECT ON COMPANY VALUE Desliniati, Nurfitri; Sundiman, Didi
Journal of Management and Business Vol 15, No 1 (2016): MARCH 2016
Publisher : Department of Management - Faculty of Business and Economics. Universitas Surabaya.

This study aimed to examine the effect of capital structure, growth opportunity, and the systematic risk ofthe capital structure and the effect of capital structure on firm value. The dependent variable in this studyis the value of the company on the capital structure, while independent variables used is the capitalstructure, growth opportunity, and the systematic risk.Research using secondary data source dataoriginating from the Indonesian Stock Exchange (BEI) and yahoo finance. Sampling using purposivesampling method. So from 55 companies property, real estate, and construction of 37 companies in thesample taken in the period 2010-2014 with a total of 185 observations. The data used in this study is adata panel. Data analysis using Eviews 6.0 program. Data analysis technique used is panel dataregression analysis with fixed effect models method (FEM).The results showed that during the studyperiod from 2010 to 2014 in partial capital structure have significant and positive effect on the capitalstructure, while the growth opportunity and systematic risk and no significant effect on the capitalstructure. Capital structure have significant and positive effect on firm value.

Pengaruh right issue terhadap return saham pada periode covid-19 Nurfitri Desliniati; Fauzi Eka Prasasti; Rifka Manda
JURNAL MANAJEMEN Vol 14, No 1 (2022)
Publisher : Faculty of Economics and Business Mulawarman University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29264/jmmn.v14i1.10909

Penelitian ini bertujuan untuk mengetahui pengaruh right issue terhadap return saham (actual return) selama periode COVID-19, dan menggunakan return IHSG sebagai variabel kontrol. Populasi dalam penelitian ini adalah perusahaan yang sudah melakukan right issue dan listing di Bursa Efek Indonesia pada Periode Maret 2020 s/d Oktober 2021 selama pandemi COVID-19. Sampel yang digunakan dalam penelitian sebanyak 38 perusahaan yang sudah membagikan right issue dari 1 Januari s/d 02 Desember 2021. Teknik pengambilan sampelnya adalah menggunakan metode purposive sampling. Penelitian ini merupakan event study dengan menggunakan signaling theory pada periode peristiwa pengumuman right issue, cum date right issue, dan ex date right issue. Pengujian hipotesis ini adalah menggunakan uji regresi data panel, dan analisisnya berdasarkan uji regresi linier dengan menggunakan software E-views 9. Hasil penelitian ini menunjukkan bahwa tidak ada pengaruh yang signifikan antara pengumuman right issue dengan return saham; Terdapat pengaruh positif dan signifikan antara cum date right issue dengan return saham; dan Terdapat pengaruh negatif dan signifikan antara ex date right issue dengan return saham.

Pengaruh Stock Split Terhadap Stock Return Saat RUPS Dan Pengumuman Di BEI Periode Covid-19 Nurfitri Desliniati; Fauzi Eka Prasasti
JUEB : Jurnal Ekonomi dan Bisnis Vol. 1 No. 4 (2022): JUEB: Jurnal Ekonomi dan Bisnis
Publisher : Yayasan Jompa Research and Development

Show Abstract | Download Original | Original Source | Check in Google Scholar

Penelitian ini dilakukan untuk menganalisis pengaruh antara pelaksanaan RUPS dan pengumuman stock split terhadap return saham di era covid-19. Sampel dalam penelitian ini adalah perusahaan yang telah melaksanakan RUPS dan mengumumkan stock split di BEI dari tanggal 2 Maret 2020 sampai dengan 28 Februari 2022 sebanyak 23 perusahaan. Teknik pengambilan sampel yang digunakan dalam penelitian ini adalah dengan menggunakan metode purposive sampling dan merupakan jenis penelitian event study dengan menggunakan signaling theory pada saat terjadinya peristiwa. Pengujian hipotesis ini adalah uji regresi data panel dengan analisis berdasarkan uji regresi linier menggunakan software E-views 9. Kesimpulan penelitian ini tidak menunjukkan adanya pengaruh yang signifikan antara sebelum dan sesudah RUPS dan pengumuman stock split terhadap return saham di era COVID-19.

Pengaruh right issue terhadap return saham pada periode covid-19 Nurfitri Desliniati; Fauzi Eka Prasasti; Rifka Manda
JURNAL MANAJEMEN Vol 14, No 1 (2022): Maret
Publisher : Faculty of Economics and Business Mulawarman University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30872/jmmn.v14i1.10909

Penelitian ini bertujuan untuk mengetahui pengaruh right issue terhadap return saham (actual return) selama periode COVID-19, dan menggunakan return IHSG sebagai variabel kontrol. Populasi dalam penelitian ini adalah perusahaan yang sudah melakukan right issue dan listing di Bursa Efek Indonesia pada Periode Maret 2020 s/d Oktober 2021 selama pandemi COVID-19. Sampel yang digunakan dalam penelitian sebanyak 38 perusahaan yang sudah membagikan right issue dari 1 Januari s/d 02 Desember 2021. Teknik pengambilan sampelnya adalah menggunakan metode purposive sampling. Penelitian ini merupakan event study dengan menggunakan signaling theory pada periode peristiwa pengumuman right issue, cum date right issue, dan ex date right issue. Pengujian hipotesis ini adalah menggunakan uji regresi data panel, dan analisisnya berdasarkan uji regresi linier dengan menggunakan software E-views 9. Hasil penelitian ini menunjukkan bahwa tidak ada pengaruh yang signifikan antara pengumuman right issue dengan return saham; Terdapat pengaruh positif dan signifikan antara cum date right issue dengan return saham; dan Terdapat pengaruh negatif dan signifikan antara ex date right issue dengan return saham.

Pengaruh right issue terhadap stock return Fauzi Eka Prasasti; Nurfitri Desliniati
KINERJA Vol 19, No 4 (2022): November
Publisher : Faculty of Economics and Business Mulawarman University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30872/jkin.v19i4.11951

Penelitian ini bertujuan untuk mengetahui pengaruh pengumuman right issue dan RUPS right issue terhadap stock return selama periode COVID-19. Populasi dalam penelitian ini adalah perusahaan yang sudah melakukan pengumuman right issue dan RUPS right issue di BEI pada Periode Maret 2020 s/d Februari 2022 selama pandemi COVID-19. Sampel yang digunakan dalam penelitian ini sebanyak 55 perusahaan yang sudah melakukan pengumuman right issue dan RUPS right issue dari 2 Maret 2020 s/d 28 Februari 2022. Teknik pengambilan sampelnya adalah menggunakan metode purposive sampling. Penelitian ini merupakan event study dengan menggunakan signaling theory pada periode peristiwa pengumuman right issue dan RUPS right issue. Pengujian hipotesis ini adalah menggunakan uji regresi data panel, dan analisisnya berdasarkan uji regresi linier dengan menggunakan software E-views 9. Hasil penelitian ini menunjukkan bahwa tidak terdapat pengaruh yang signifikan antara sebelum dan sesudah pelaksanaan RUPS dan pengumuman right issue terhadap stock return periode COVID-19.

Analisis Corporate Reputation terhadap Environmental Disclosure Husein, La Ode Maulana; Desliniati, Nurfitri
Keizai Vol 5, No 2 (2024): September-Februari
Publisher : Universitas Darwan Ali

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56589/keizai.v5i2.497

Environmental issues that arise from various aspects of the environment make companies face challenges to be able to demonstrate responsibility for their operations. This responsibility can be seen through the sustainability report that has been required by the government, and is an important indicator to see the extent to which the company maintains the company's reputation for disclosure of its environmental aspects. Therefore, the study aims to determine the effect of corporate reputation on environmental disclosure by looking at the disclosure of the company's sustainability report. This research was conducted on 75 companies listed on the IDX with the period 2020-2022 which were selected through purposive sampling technique using data analysis techniques in the form of panel regression. The results showed that corporate reputation has no significant effect on environmental disclosure. This finding finds that the level of reputation owned by the company does not directly encourage companies to increase transparency or disclosure related to environmental issues. One of the reasons is that investors have not considered the company's environmental disclosure as an important aspect before deciding to invest. Even so, companies with a large company size have a better ability to make disclosures.

Political Event Risk (Elections and Election Announcements) on LQ45 Stock Returns Desliniati, Nurfitri; Andika, Retno
Keizai Vol 6, No 2 (2025): September-Februari
Publisher : Universitas Darwan Ali

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56589/keizai.v6i2.532

This study is motivated by the need to understand the impact of political event risk on Indonesia’s capital market, especially on highly liquid and large-cap stocks such as those in the LQ45 index. Political events, both domestic and international, can influence investor behavior and create stock price volatility. Therefore, this research aims to analyze the effect of political event risk on LQ45 stock returns. The study applies a quantitative approach with an event study method. The sample includes companies listed in the LQ45 index during the observation period, which covers several key political events. Secondary data in the form of daily stock prices were analyzed by calculating returns around the event window to identify any significant impact of political events on stock returns. The event window used in this study spans 30 days before (H-30) and 30 days after (H+30) the political events. The results show different impacts of political event risk across the two phases. During the election result announcement, political event risk had a significant positive effect on LQ45 stock returns, reflecting greater certainty about Indonesia’s political direction and increased investor confidence. Conversely, during the election period, political event risk had no significant effect on LQ45 stock returns, indicating that the market had already anticipated these dynamics. These findings highlight the importance of distinguishing political event phases when assessing market responses.

Keputusan Konsumen Menggunakan Ojek Sampit: Harga, Produk, Orang, dan Bukti Fisik Restiyani, Lina; Desliniati, Nurfitri
Keizai Vol 3, No 1 (2022): Maret-Agustus
Publisher : Universitas Darwan Ali

The study was conducted to analyze the effect of price, promotion, people, and physical evidence on PitJek's purchasing decisions. There are five independent variables in the study, namely price, promotion, people, and physical evidence, and the dependent variable is purchasing decisions. Data were obtained by distributing questionnaires to 100 samples who had used the services of PitJek (Sampit Ojek). Samples were taken using the accidental sampling technique. The research analysis method is quantitative with validity and reliability tests, the analysis technique is the outer and inner models. The results of the analysis show that each statement is declared valid and reliable. In the results of hypothesis testing, it is found that price has a positive effect on purchasing decisions for PitJek services, while the results of promotions, people, physical evidence, and income (control variables) do not affect the purchasing decisions of PitJek services

Dividend-Timing Strategy and Market Performance: Evidence From Indonesian Listed Companies Nurfitri Desliniati; Kesuma, Wendy; Saputri, Dwi Islamiati
E-Jurnal Akuntansi Vol. 35 No. 12 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar

Stock price fluctuations around dividend distribution dates create opportunities for short-term trading strategies known as the dividend-timing strategy. This study analyzes the performance of the dividend-timing model among companies listed on the Indonesia Stock Exchange (IDX) during 2018–2025 by examining returns and risks across various time horizons and comparing them with the Indonesia Composite Index (IHSG). The results show that the dividend-timing model consistently generates positive returns across all horizons, with the highest return observed in Horizon 1—buying three days before the cum-dividend date and selling at the opening price on the ex-dividend date. Horizon 7 exhibits the lowest level of risk, indicated by the smallest Price Drop Ratio (PDR). Compared with the IHSG, this model provides higher returns and lower risk. These findings indicate that dividend-based strategies can serve as an effective short-term investment approach, offering attractive returns with controlled risk.

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