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The Affect of Return on Equity, Debt to Equity Ratio and Net Profit Margin Against Company's Stock Price Esti Riwayati, Hedwigis; Fachrukrozie Kodri; Yohana Rutmia Dewi Br Manik
Dinasti International Journal of Economics, Finance & Accounting Vol. 3 No. 2 (2022): Dinasti International Journal of Economics, Finance & Accounting (May - June 20
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijefa.v3i2.1245

Abstract

The purpose from this research is to explore on how the influence of the independent variables, namely Return On Equity, Debt To Equity Ratio, and Net Profit Margin towards the dependent variable, such as stock prices in 10 Food And Beverages companies that listed on the Indonesia Stock Exchange. The research objects which used in this research is a food and beverage company that already listed on the Indonesia Stock Exchange. The analytical method used is descriptive statistical analysis and multiple linear regression analysis. With data processing tool through the Eviews 10.0 program. The test results partially indicates that Return on Equity variable has a positive and significant affect on the stock prices from those food and beverages companies. While Debt To Equity Ratio variable has a negative and insignificant affect towards it and Net Profit Margin has a positive and insignificant affect to the share price of food and beverages companies. These research results are simultaneously shows that the Return On Equity, Debt To Equity Ratio, and Net Profit Margin variables are capable to explain stock prices on those 10 food and beverages companies listed on the Indonesia Stock Exchange.
Unveiling the Dynamics of Financial Literacy and Inclusion in Women Digital Loan Decision Making Riwayati, Hedwigis Esti; Rachman, Hikmah Abdul; Pramesworo, Septo; Yustisia, Natali; Umar, Haryono; Siahaan, Magda
Aptisi Transactions On Technopreneurship (ATT) Vol 7 No 3 (2025): November
Publisher : Pandawan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34306/att.v7i3.788

Abstract

This study examines the role of lifestyle in mediating the influence of financial literacy and financial inclusion on the decision to take online loans. This research was conducted on women who use online loans in Indonesia. The sampling method used nonprobability sampling, with the respondents being 200 Indonesian women who used online loans. Data analysis uses Partial Least Square (PLS) to test the direct and indirect effects of financial literacy and financial inclusion on online loan decision-making. The results show that financial literacy, inclusion, and lifestyle significantly positively affect online loan decision-making. Financial literacy does not affect lifestyle, while financial inclusion significantly affects women's lifestyles in Indonesia. Lifestyle cannot mediate the influence of financial literacy and financial inclusion on women's online loan decision-making in Indonesia. The results of this study emphasize the importance of financial literacy and inclusion in shaping good financial behavior, especially in making decisions to apply for loans. Efforts to increase financial literacy and access to financial inclusion can be the primary strategy to improve the financial behavior of women in Indonesia in online loan decision-making.
ANALYSIS RELATES TO THE IMPACT FROM MACROECONOMIC FACTORS TO BANKING STOCK RETURNS WHICH MEDIATED BY PROFITABILITY Hedwigis Esti Riwayati; Muhammad Affid Diena
Dinasti International Journal of Education Management And Social Science Vol. 2 No. 5 (2021): Dinasti International Journal of Education Management and Social Science (June
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31933/dijemss.v2i5.870

Abstract

This research aims to analyze the impact which caused by macroeconomic factors to stock returns which mediated by profitability. This research used purposive sampling method with BUKU IV Banks who Listed on the Indonesia Stock Exchange as sample in this research period. The data was taken from the quarterly financial reports of the sample banks and Bank Indonesia. The analysis technique that used in this research are panel data regression and used path analysis to reveal the impact which caused by intervening variable. The results found that interest rates had no significant impact towards stock returns, while the inflation rate and the rupiah exchange rate had a direct significant impact on stock returns. Path analysis found that interest rates, inflation rates and Rupiah exchange rate had no significant affect on stock returns which indirectly mediated by profitability. This research results are very useful as an information for investors and stakeholders to determine good investment decisions in the banking sector.
THE EFFECT OF GOOD CORPORATE GOVERNANCE MODERATED CORPORATE SOCIAL RESPONSIBILTY DISCLOSURE ON THE FINANCIAL PERFORMANCE OF BANKING COMPANIES Pahrizal Sofyan; Hedwigis Esti Riwayati; Edy Sukarno
Dinasti International Journal of Education Management And Social Science Vol. 3 No. 3 (2022): Dinasti International Journal of Education Management and Social Science (Febru
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31933/dijemss.v3i3.1148

Abstract

Research about effectiveness of Good Corporate Governance with Corporate Social Responsibility on financial performance in banking companies is very necessary because the characteristics of banking companies are different from other industries. This research aims to analyze the effect of Good Corporate Governance to bank financial performance as measured by Return on Asset and Corporate Social Responsibility disclosure as moderation variable. The determination of samples is using purposive sampling method, which is a sampling technique using certain considerations and limitations so that the selected sample is relevant to the purpose of the study. The sample used in this study was 4 (four) State-Ownedbanking companies and participants in the Corporate Governance Perception Index from 2012-2020 with disclosure of aspects of Corporate Social Responsibility as measured by the Category of Global Reporting Initiative. Researchers used regression and moderating analysis techniques as well as the Eviews 12.0 application to test the study data. The results showed that Good Corporate Governance has a significant negative effect to Return on Asset and Corporate Social Responsibility strengthens the relationship of Good Corporate Governance to Return on Asset.
The Effect of Foreign Exchange Forward Contracts on Bank Indonesia's Prudential Principles Report and Its Role in Moderating Exchange Rate Difference Profit and Loss Lubis, Anggi Apriliani; Esti Riwayati, Hedwigis
Management Research Studies Journal Vol. 7 No. 1 (2026): Management Research Studies Journal
Publisher : Institut Keuangan-Perbankan Dan Informatika Asia Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56174/mrsj.v7i1.1169

Abstract

This study aims to analyze the effect of foreign exchange forward contract utilization on compliance with Bank Indonesia’s prudential reporting principles and its role in moderating the relationship between forward contracts and corporate foreign exchange gains and losses at PT XX, an affiliated company of PT United Tractors Tbk. The research employs a quantitative approach using secondary data derived from the company’s financial statements and prudential compliance reports over a specific observation period. Data were analyzed using linear regression and moderated regression analysis to examine the relationships among the research variables. The results indicate that the utilization of foreign exchange forward contracts does not have a significant effect on compliance with Bank Indonesia’s prudential reporting principles. In addition, forward contract utilization has not shown a significant impact on the company’s foreign exchange gains and losses. Compliance with prudential reporting principles tends to moderate the relationship between forward contracts and foreign exchange gains and losses; however, the moderating effect is not statistically significant. These findings suggest that exchange rate risk management is not solely determined by the use of forward contracts but is also influenced by other factors, such as exchange rate volatility and overall economic conditions. This study is expected to provide insights for companies in managing foreign exchange risk and improving the quality of prudential reporting practices.
Implementation of a Triple Bottom Line Based Sustainability Strategy: Case Study of PT Multi Bintang Indonesia Tbk Napitupulu, Ucok Pardamean; Riwayati, Hedwigis Esti
Journal Research of Social Science, Economics, and Management Vol. 5 No. 9 (2026): Journal Research of Social Science, Economics, and Management
Publisher : Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/jrssem.v5i9.1441

Abstract

In the face of growing global environmental concerns and increased demand for socially responsible corporate practices, sustainability has emerged as a key aspect of corporate governance. Companies are increasingly expected to not only deliver profits but also contribute positively to environmental preservation (planet) and social welfare (people). PT Multi Bintang Indonesia Tbk, as a major player in the Indonesian beverage industry, faces substantial challenges related to environmental impact, regulatory compliance, and evolving market preferences. This research aims to analyze the implementation of a Triple Bottom Line based sustainability strategy at PT Multi Bintang Indonesia Tbk from a strategic management perspective. This study uses a descriptive qualitative approach with triangulation techniques through in-depth interviews, observation and document review. The analysis was carried out using the Internal Factor Evaluation, External Factor Evaluation framework, and SWOT analysis to identify internal and external factors that influence the success of sustainability strategies. The research results show that the implementation of Triple Button Line is integrated into company operations through non-alcohol product innovation (profit), community empowerment and employee development programs (people), as well as resource efficiency and waste management (planet). The findings also reveal that there is alignment between the company's sustainability strategy and the regulations of the Financial Services Authority, especially POJK No. 51/2017. This research makes a contribution by integrating the TBL approach into a strategic analysis framework, which is still limited in previous literature.