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The Influence Of Microeconomic Factors And Macroeconomic Factors On Stock Price Volatility In KOMPAS 100 Index Companies Listed On The Indonesia Stock Exchange For The Period 2019-2022 Putri, Abel Lina; Paramita, R.A. Sista
Journal of Business and Management Review Vol. 5 No. 6 (2024): (Issue-June)
Publisher : Profesional Muda Cendekia Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47153/jbmr.v5i6.984

Abstract

Research Aims: This study aims to determine the effect of dividend payout ratio, firm size, leverage, earning volatility, exchange rate, inflation, and interest rate on stock price volatility in KOMPAS 100 index companies listed on the Indonesia Stock Exchange for the period 2019-2022 Design/methodology/approach: The type of data used is quantitative data sourced from secondary data. The population in this study is the KOMPAS 100 index company listed on the Indonesia Stock Exchange for the 2019-2022 period. The technique used in this sampling is purposive sampling and 33 companies were obtained as samples in this study. The data was analyzed using multiple linear regression and calculated with SPSS Version 25 software. Research Findings: The results showed that earning volatility, inflation, and interest rates have a significant positive effect on stock price volatility. Meanwhile, firm size and exchange rate have a significant negative effect on stock price volatility. However, dividend policy proxied by the dividend payout ratio and leverage proxied by debt to equity ratio have no significant effect on stock price volatility. Therefore, companies included in the KOMPAS 100 index should optimize total assets to increase profitability, and also stabilize profits, cost efficiency both operational and non-operational and assess financial risk to minimize investment risk and to overcome the impact macroeconomic  conditions,  so that companies are able to control the level of stock price volatility.  Theoretical Contribution/Originality : This study provides new insights into how the influence of microeconomic factors explained by dividend payout ratio, firm size, leverage, and earning volatility, as well as macroeconomic factors explained by exchange rate, inflation, and interest rate on stock price volatility.  Keywords: Dividend payout ratio; Firm size; Leverage; Earning volatility; Exchange rate; Inflation ;Interest rate
The Impact of Buyback Announcement on Stock Anomalies in the Indonesia Stock Exchange Arifin, Muhammad Hanief; Paramita, R.A. Sista
Journal of Business and Management Review Vol. 5 No. 8 (2024): (Issue-August)
Publisher : Profesional Muda Cendekia Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47153/jbmr.v5i8.996

Abstract

Research Aims: This research aims to analyse the effect of buyback announcements on stock anomalies, as reflected in abnormal returns, cumulative abnormal returns, and trading volume activity. Design/methodology/approach: The sample data comprises 72 companies listed on the Indonesia Stock Exchange that made buyback announcements from 2020 to 2022. An event study methodology was employed to examine the buyback announcement events. Additionally, the Wilcoxon-Signed Rank Test was utilized as a statistical tool to test for differences before and after the buyback announcements. Research Findings: The results indicate no significant difference in abnormal return around the stock buyback announcement dates, no significant difference in cumulative abnormal return around the stock buyback announcement dates, and a significant difference in trading volume activity around the stock buyback announcement dates. Theoretical Contribution/Originality: This study contributes empirically and theoretically by emphasizing the impact of buyback announcements on stock anomalies for corporate managers and investors in decision-making strategies under conditions of economic uncertainty due to COVID-19. Keywords: Abnormal return, Buyback Announcement, Cumulative Abnormal return, Trading volume activity
Pengaruh CAMEL terhadap Profitabilitas Bank Umum Syariah Periode 2019-2022 Sophianita, Amelia; Paramita, R.A. Sista
Jurnal Ilmu Manajemen Vol. 12 No. 4 (2024)
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26740/jim.v12n4.p829-842

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This research aims to determine the results of the analysis of the influence of CAMEL (Capital, Asset Quality, Management, Earnings, and Liquidity) on profitability in Islamic commercial banks for the period 2019-2022. In this research, Capital is proxied by the Capital Adequacy Ratio (CAR), Asset quality is proxied by Non-Performing Financing (NPF), Management is proxied by Net Operating Margin (NOM), Revenue is proxied by earnings efficiency (BOPO), Liquidity is proxied by Financing to Deposit Ratio (FDR) and Profitability is proxied by Return on Assets (ROA). The object of this research is 10 Islamic commercial banks with data collection techniques using purposive sampling. This type of research is causal associative with a quantitative approach which is processed using multiple linear regression analysis techniques on IBM SPSS tools version 27 software. The results of the research state that the NOM and BOPO variables have a significant positive effect on ROA, while other independent variables such as CAR, NPF, and FDR does not have a significant influence on ROA. The implications of the research findings indicate that management efficiency (NOM) and earnings efficiency (BOPO) are crucial for the profitability (ROA) of Islamic commercial banks. Therefore, banks need to enhance their operational and management efficiency to improve profitability.
Pengaruh Kinerja Keuangan terhadap Nilai Perusahaan dengan Ukuran Perusahaan sebagai Variabel Moderasi pada Perusahaan Sub Sektor Media dan Hiburan Periode 2019-2022 Falabiba, Arina; Paramita, R.A. Sista
Jurnal Ilmu Manajemen Vol. 13 No. 1 (2025)
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26740/jim.v13n1.p131-145

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This research aims to examine the effect of financial performance consisting of liquidity proxied by the Current Ratio (CR), profitability proxied by Return on Equity (ROE), and leverage proxied by the Debt to Equity Ratio (DER) on company value in the sub-sector media and entertainment with company size as the moderating variable. Based on the type of research by the scientific discovery method, this research includes quantitative research with a population of media and entertainment sub-sector companies listed on the IDX for the 2019-2022 period. The sampling method uses a purposive sampling method with a sample size of 40 samples from 10 companies. The data analysis technique uses the Moderated Regression Analysis (MRA) test with the help of the SPSS version 18 application. The research results show that the variables profitability and leverage partially positively and significantly influence company value. In contrast, liquidity and company size do not affect company value. In addition, based on the results of the MRA test, the company size variable can strengthen the effect of profitability on company value. However, company size cannot moderate the effect of liquidity and leverage on company value. Media and entertainment sub-sector companies need to pay attention to the company's ability to generate profits and use debt as capital because these two things can influence the high or low level of investors' assessment of the company.
PENGARUH KEPEMIMPINAN DAN KERJASAMA TIM TERHADAP KINERJA PEGAWAI SEKRETARIAT DINAS PEMADAM KEBAKARAN DAN PENYELAMATAN KOTA SURABAYA M. Choirul Anwar; R.A Sista Paramita
Jurnal Riset Multidisiplin Edukasi Vol. 2 No. 6 (2025): Jurnal Riset Multidisiplin Edukasi (Edisi Juni 2025)
Publisher : PT. Hasba Edukasi Mandiri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71282/jurmie.v2i6.571

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Penelitian ini bertujuan untuk mengetahui keterkaitan Kepemimpinan dan Kerjasama Tim terhadap Kinerja Pegawai. Sampel dalam penelitian ini adalah Dinas Pemadam Kebakaran dan Penyelamatan Kota Surabaya. Teknik analisis yang digunakan dalam penelitian ini adalah analisis linier berganda dengan menggunakan SPSS 30. Hasil penelitian menunjukkan bahwa secara simultan variabel Kepemimpinan dan Kerjasama Tim berpengaruh signifikan terhadap Kinerja Pegawai. Sedangkan secara parsial, Kepemimpinan tidak berpengaruh positif terhadap Kinerja Pegawai dan Kerjasama Tim berpengaruh positif terhadap Kinerja Pegawai. Implikasi penelitian ini menunjukkan bahwa pada Dinas Pemadam Kebakaran dan Penyelamatan Kota Surabaya, Kinerja pegawai lebih banyak dipengaruhi oleh kerjasama tim. Hal ini menunjukkan bahwa pegawai akan bersedia berkolaborasi untuk menyelesaikan tugasnya dan menunjukkan kinerja yang baik jika pegawai merasa nyaman dan didukung oleh lingkungan kerja serta komunikasi yang efektif antar rekan kerja.
Pengaruh Rasio Likuiditas, Leverage, Profitabilitas, dan Aktivitas terhadap Pertumbuhan Laba dengan Ukuran Perusahaan sebagai Variabel Moderasi pada Perusahaan Sektor Infrastructure periode 2020-2022 Ardhana Putri, Saint Seiya; Paramita, R.A. Sista
Jurnal Ilmu Manajemen Vol. 13 No. 2 (2025)
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26740/jim.v13n2.p331-344

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This study aims to determine the results of the analysis of the influence of liquidity proxied by the Current Ratio (CR), leverage proxied by the Debt to Equity Ratio (DER), profitability proxied by Return on Assets (ROA), and activity proxied by Total Asset Turnover (TATO) on profit growth with company size as a moderating variable in infrastructure sector companies. This study includes quantitative research with a population of infrastructure sector companies listed on the IDX for 2020-2022. The sampling method uses a purposive sampling method with a sample size of 162 samples from 54 companies. The data analysis technique uses the Moderated Regression Analysis (MRA) test. The results of the study show that the profitability ratio proxied by return on asset has a significant positive effect on profit growth. In contrast, other independent variables, such as liquidity, leverage, and activity, do not significantly affect profit growth. The moderation variable of company size can strengthen the influence of the profitability ratio on profit growth. However, company size cannot strengthen the influence of the liquidity ratio, leverage, and activity on profit growth. The implications of the research results show that Return on Asset (ROA) is very important for the growth of infrastructure company profits. Therefore, companies need to manage the assets they own so that they will increase company profits which will increase profit growth.
BIAS KOGNITIF DAN PERSONAL TRAITS: STUDI PERILAKU INVESTASI MUDA DI SURABAYA) Paramita, Sista; Isbanah, Yuyun; Purwohandoko, Purwohandoko
JRMSI - Jurnal Riset Manajemen Sains Indonesia Vol. 9 No. 2 (2018): Jurnal Riset Manajemen Sains Indonesia
Publisher : Fakultas Ekonomi, Universitas Negeri Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (372.827 KB) | DOI: 10.21009/JRMSI.009.2.03

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ABSTRAK Perilaku investor menjadi salah satu faktor yang mempengaruhi transaksi perdagangan saham. Pada dasarnya, setiap investor memiliki karakter yang berbeda dan dipengaruhi oleh banyak faktor, termasuk informasi keuangan, kompetensi, terlalu percaya diri, demografis dan psikografis. Penelitian sebelumnya menunjukkan hasil yang berbeda mengenai faktor yang mempengaruhi perilaku investor di pasar modal, khususnya di Surabaya. Penelitian ini menggunakan kepercayaan berlebih, kompetensi, informasi keuangan, demografi dan variabel psikografis sebagai endogen danPerilaku sebagai variabel eksogen. Data diambil dari 31 responden kemudian dianalisis menggunakan Smart PLS. Hasil tes menunjukkan bahwa tidak ada pengaruh Terlalu percaya pada perilaku investor. Kompetensi berpengaruh positif terhadap perilaku investor. Informasi keuangan adalah efek negatif pada perilaku investor. Hasil pengujian hipotesis menunjukkan bahwa ada tidak ada efek demografis dan psikografis pada perilaku investor
Implementasi QRIS sebagai Media Transaksi Digital yang Transparan dan Akuntabel pada Organisasi Sosial Indawati, Nurul; Indarwati, Tias Andarini; Paramita, R.A. Sista; Purwohandoko, Purwohandoko; Dhenabayu, Riska
Abimanyu : Jornal of Community Engagement Vol 3 No 2 (2022): August 2022
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26740/abi.v3n2.p16-23

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Covid-19 merupakan pandemi yang menjadi realitas global yang menerjang tatanan kehidupan umat manusia dari level internasional, hingga level terkecil yaitu rumah tangga. TPQ-Al-Aqsha dan Masjid Baitul Makmur I adalah contoh organisasi sosial yang terkena dampak dari pandemi covid-19. Masalah yang dihadapi mitra TPQ Al-Aqsha yaitu mitra mengalami kesulitan dalam menyampaikan laporan keuangan dan pertanggungjawaban kegiatan, serta mempromosikan TPQ Al-Aqsha kepada calon donatur akibat adanya aturan PSBB dan social distancing yang membatasi kegiatan masyarakat. Kurangnya jamaah yang signifikan pada Masjid Baitul Makmur I Unesa juga menyebabkan infaq yang diterima menurun. Program IbM ini ditujukan untuk memberikan solusi untuk meningkatkan pemahaman dan ketrampilan mitra dalam bentuk pelatihan penerapan teknologi QRIS dan aplikasi financial technology Bebas Bayar. Hasil dari kegiatan ini berupa publikasi ilmiah, publikasi pada media massa, dan pamflet/poster digital.
Pengaruh Profitabilitas, Likuiditas, Leverage, Kepemilikan Manajerial, dan Risiko Bisnis Terhadap Kebijakan Dividen dengan Firm Size Sebagai Variabel Moderasi Pada Perusahaan Sektor Consumer Cyclicals yang Terdaftar di Bursa Efek Indonesia Tahun 2020-2022 Azizah, Tiara Isny; Paramita, R.A. Sista
Jurnal Ilmu Manajemen Vol. 12 No. 3 (2024)
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26740/jim.v12n3.p569-584

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This study aims to examine the effect of probability, liquidity, leverage, managerial ownership, and business risk on dividend policy and to determine whether firm size can moderate the influence of profitability, liquidity, leverage, managerial ownership, and business risk on dividend policy. The sample of this study consisted of 52 companies confirmed by the Indonesian Stock Exchange in the consumer cyclical industry from 2020-2022. The sampling technique used purposive sampling. The analysis technique uses Multiple Regression Analysis (MRA) with STATA 17. The findings obtained show that managerial ownership has a significant positive effect on dividend policy. Profitability, liquidity, leverage, and business risk do not affect dividend policy. Firm size cannot moderate the effect of profitability, liquidity, Leverage, managerial ownership, and business risk on dividend policy. Under the agency model theory, consumer cyclical companies are expected to monitor the performance and the proportion of managerial ownership shares on deciding dividend policy because the more significant the percentage of managerial share ownership will minimise agency conflicts.
Pengaruh Kinerja Keuangan dan Makroekonomi Terhadap Harga Saham Pada Perusahaan Sektor Energi yang Terdaftar di Bursa Efek Indonesia Periode 2019 - 2022. Safalah, Jenni; Paramita, R.A. Sista
Jurnal Ilmu Manajemen Vol. 12 No. 3 (2024)
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26740/jim.v12n3.p537-553

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This study aimed to analyse the influence of ROE, DER, EPS, PER, inflation, exchange rate, and world oil price on energy sector companies listed in the Indonesia Stock Exchange period 2019 – 2022. This type of research is causal research, with the data source used is quantitative data. Using a purposive sampling technique, the research sample was taken to obtain 55 samples with criteria for sector energy companies listed on the Indonesia Stock Exchange, consistently reporting financial reports and not carrying out corporate action during the research period. The data analysis technique used in this research is a multiple linear regression method using the IBM SPSS 26 application. Partial results show that ROE, DER and PER do not affect stock prices. Meanwhile, EPS, exchange rates, and world oil prices have a positive effect on stock prices, while inflation has a negative effect on stock prices. Referring to the results of this research, investors are advised to pay more attention to EPS, inflation, exchange rates, and oil price movement, which can help investors make investment decisions on shares in energy sector companies.