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DETERMINANTS OF CAPITAL STRUCTURE OF PLANTATION COMPANIES ON THE INDONESIAN STOCK EXCHANGE Chairul Azman; Ristati; Yusniar; Chairil Akhyar
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 2 No. 2 (2023): October
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/jaruda.v2i2.109

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This study aims to determine the determinants of the capital structure of plantation companies on the Indonesia Stock Exchange. The data used in this research is secondary data from 22 plantation companies during the research period from 2017 to 2021 so that the observations in the study totaled 110 observations. The method used to analyze the relationship between the independent variables and the dependent variable is the panel data regression method. The results showed that partially Tangibility had a positive and significant effect on capital structure in Plantation Companies on the Indonesia Stock Exchange, Profitability had a positive and significant effect on capital structure in Plantation Companies on the Indonesia Stock Exchange, and Liquidity had a positive and significant effect on capital structure in Plantation Companies on the Indonesian Stock Exchange.
THE INFLUENCE OF COGNITIVE FINANCE, FINANCIAL LITERACY, FINANCIAL PLANNING, AND FINANCIAL SATISFACTION ON STOCK INVESTMENT BEHAVIORAL INTENTIONS (Case Study of Young Entrepreneurs in Lhokseumawe City) Chiril Akhyar; Ulya Alfajri; Ristati; Jummaini
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 2 No. 4 (2024): April
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/jaruda.v2i4.143

Abstract

This research aims to determine the influence of cognitive finance, financial literacy, financial planning, and financial satisfaction on behavioral intentions to invest in shares. The research method used in this research is quantitative research. The population in this research is young entrepreneurs from Lhokseumawe City who intend to invest in shares, by taking a sample of 96 respondents using a purposive sampling technique. The data collection method in this research is by distributing questionnaires online and directly to young entrepreneurs in Lhokseumawe City. The data analysis used is multiple linear regression. The aim of this research is to find out how much young entrepreneurs in Lhokseumawe City invest in shares. This data was obtained after distributing questionnaires to young entrepreneurs whose criteria had been determined. The research results show that partially the cognitive financial variables and financial satisfaction have a significant effect on the behavioral intention to invest in shares by young entrepreneurs in Lhokseumawe City, while the variables financial literacy and financial planning do not significantly influence the behavioral intention to invest in shares. Based on the research results, the most dominant variable is cognitive finance, which greatly influences young entrepreneurs in Lhokseumawe City to invest in shares.
THE EFFECT OF CASH TURNOVER, INVENTORY TURNOVER AND RECEIVABLES TURNOVER ON PROFITABILITYAT A FOOD AND BEVERAGES COMPANY ON THE INDONESIAN STOCK EXCHANGE Ristati; Sri Wahyuni; Chairil Akhyar; Halida Bahri
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 2 No. 4 (2024): April
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/jaruda.v2i4.144

Abstract

This study aims to examine the Influence of Cash Turnover, Inventory Turnover, and Accounts Receivable Turnover on Profitability in Food and Beverage Companies listed on the Indonesia Stock Exchange. The data used in this study is secondary data from 18 companies over six years. The method used to analyze the relationship between independent variables and dependent variables is the multiple linear regression analysis method. The results show that Cash Turnover has a positive and significant influence on profitability in Food and Beverage Companies listed on the Indonesia Stock Exchange, Inventory Turnover has a positive and significant influence on profitability in Food and Beverage Companies listed on the Indonesia Stock Exchange, and Accounts Receivable Turnover has a positive and significant influence on profitability in Food and Beverage Companies listed on the Indonesia Stock Exchange.
THE INFLUENCE OF WORKING CAPITAL, LIQUIDITY AND LEVERAGE ON PROFITABILITY IN THE FOOD AND BEVERAGE INDUSTRY ON THE IDX 2016-2021. Risa Novia; Ristati; Rico Nur Ilham; Nurainun
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 3 No. 1 (2024): July
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/jaruda.v3i1.158

Abstract

This study aims to determine the effect of Working Capital, Liquidity, and Leverage on Profitability in the Food and Beverage Industry on the Indonesia Stock Exchange. The data used in this study is secondary data from 18 manufacturing companies in the Food and Beverage sub-sector during the 2017 to 2021 research period, resulting in 108 observations. The method used to analyze the relationship between the independent variables and the dependent variable is the panel data regression method. The results show that partially, Working Capital has a positive and significant effect on the Profitability of Manufacturing Companies in the Food and Beverage sub-sector on the Indonesia Stock Exchange for the period 2016 to 2021. Liquidity has a negative and significant effect on the Profitability of Manufacturing Companies in the Food and Beverage sub-sector on the Indonesia Stock Exchange for the period 2016 to 2021. Leverage has a negative and significant effect on the Profitability of Manufacturing Companies in the Food and Beverage sub-sector on the Indonesia Stock Exchange for the period 2016 to 2021. Simultaneously, Working Capital, Liquidity, and Financial Performance have a positive and significant effect on the Profitability of Manufacturing Companies in the Food and Beverage sub-sector on the Indonesia Stock Exchange
JAKARTA ISLAMIC INDEX STOCK MARKET REACTION TO TURMOIL ISRAEL AND PALESTINE WAR Syifa Azzahra; Ristati; Marzuki; Ghazali Syamni
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 3 No. 2 (2024): October
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/jaruda.v3i2.188

Abstract

This research aims to analyze the reaction of the Jakarta Islamic Index stock market to the turmoil of the Israeli andPalestinian war. The data used in this research is secondary data from 14 samples. The sampling technique used was purposive sampling technique. The method used to analyze differences before and after the turmoil of war is the paired t test. The research results show that statistically using abnormal returns it can be concluded that there is no difference in the reaction of the Jakarta Islamic Index stock market before and after the turmoil of the Israeli and Palestinian wars with a significance value of 0.184 < 0.05. Meanwhile, by using trading volume activity, it can be concluded that there is a difference in the reaction of the Jakarta Islamic Index stock market before and after the turmoil of the Israeli and Palestinian wars with a significance value of 0.001 < 0.05. This indicates that there was a change in stock prices after the turmoil of the Israeli and Palestinian war.
THE EFFECT OF FINANCIAL PERFORMANCE, CAPITAL STRUCTURE AND MANAGERIAL OWNERSHIP ON COMPANY VALUE IN NON-CYCLICALS CONSUMER SECTOR COMPANIES LISTED ON THE IDX Sultan Fadlullah Nuri; Rico Nur Ilham; Chairil Akhyar; Ristati
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 3 No. 2 (2024): October
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/jaruda.v3i2.203

Abstract

This research aims to analyze the influence of financial performance (NPM), capital structure (DAR), and managerial ownership (KM) on company value as measured by Tobin's Q in the non-cyclical consumer sector listed on the Indonesia Stock Exchange (BEI) for the period 2019-2023 period. The research sample consisted of 10 companies selected based on data available on the official IDX website. The method used for data analysis is panel data regression with the help of the E-Views 12 application. The research results show that financial performance (NPM) has a positive and significant effect on company value (Tobin's Q), which indicates that the higher the company's profit margin, the higher as well as the market value of the company. Apart from that, capital structure as measured by (DAR) also has a positive and significant effect on firm value (Tobin's Q), which shows that the use of debt can increase firm value through the leverage effect. On the other hand, managerial ownership (KM) does not have a significant effect on firm value (Tobin's Q), which shows that even though managers own company shares, this factor is not strong enough to influence the assessment of firm value. Overall, the findings of this research confirm that financial performance and capital structure have a positive and significant influence on company value, while managerial ownership does not have a significant influence in the context of companies in the non-cyclical consumer sector listed on the BEI.
THE EFFECT OF REGIONAL ORIGINAL REVENUE, CAPITAL EXPENDITURE AND GENERAL ALLOCATION FUNDS ON THE FINANCIAL PERFORMANCE OF DAPIL 1 DISTRICT CITY OF WEST SUMATRA PROVINCE M. Raja Rafli; Marzuki; Ristati; Muttaqien
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 3 No. 3 (2025): January
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/jaruda.v3i3.211

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This study aims to determine the Regional Original Income, Capital Expenditure and General Allocation Funds on the Financial Performance of the District 1 Regency/City of West Sumatra Province. The data collection technique uses secondary data in the form of financial reports accessed through the official website.www.djpk.kemenkeu.go.id. The collected data was processed using the EViews 12 program. The population used in this study was the Electoral District 1 of the Regency/City of West Sumatra Province. The sample selection technique used purposive sampling technique and obtained 11 regions for 7 years with a total of 77 sample data obtained. The data analysis method used in this study was panel data regression analysis. The results of the study found that local revenue had an effect on regional financial performance, capital expenditure had no effect on regional financial performance and general allocation funds had a negative effect on regional financial performance of Electoral District 1 of the Regency/City of West Sumatra Province.
FEASIBILITY ANALYSIS OF A NEW INDEPENDENT FURNITURE BUSINESS IN SYAMTALIRA BAYU DISTRICT, NORTH ACEH REGENCY Zuhra; Marzuki; Ghazali Syamni; Ristati
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.v3i4.218

Abstract

Micro, Small and Medium Enterprises (MSMEs) have an important role in driving economic growth, including in the home furnishings industry. This study aims to analyze the feasibility of the Mandiri Baru Perabot business in Syamtalira Bayu District, North Aceh Regency, by considering market, technical, management, and financial aspects. The research method used is a quantitative approach with analysis of Payback Period (PP), Net Present Value (NPV), Net Benefit Cost Ratio (Net B/C), and Internal Rate of Return (IRR). The results of the study indicate that this business is feasible to be developed, with an NPV value of IDR 573,314,955, Net B/C of 2.54, IRR of 67.95%, and PP for 2 years 6 months 11 days. The main factors supporting the feasibility of this business include increasing market demand, operational efficiency, and maintained product quality. Thus, the Mandiri Baru Perabot business has good prospects for development in the future.
THE EFFECT OF CAPITAL STRUCTURE, PROFITABILITY AND CORPORATE GOVERNANCE ON COMPANY VALUE (Empirical Study on Manufacturing Companies in the Cosmetics and Household Goods Subsectors Listed on the IDX) Ristati; Riska Yanti; Wardhiah; Nurlela
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 4 No. 1 (2025): July
Publisher : PT. Radja Intercontinental Publishing

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

Abstract

This study aims to analyze the effect of capital structure, profitability, and corporate governance on firm value in cosmetics and household goods manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the 2019-2023 period. The method used is panel data regression analysis with a purposive sampling approach to 6 companies that meet the criteria for five years, resulting in a total of 30 observation data. The independent variables studied include Debt to Equity Ratio (DER) as a measure of capital structure, Return on Equity (ROE) as an indicator of profitability, and managerial ownership as a representation of corporate governance, while the dependent variable is Price Book Value (PBV) which reflects the value of the company. The results of the analysis show that capital structure (DER) has a positive and significant effect on firm value, Profitability (ROE) also shows a positive and significant effect on firm value, Conversely, corporate governance (KM), although important, does not show a significant effect on firm value in the context of this study. This study indicates the importance of managing capital structure and increasing profitability to increase firm value. These results are expected to provide insight for company management and investors in making strategic decisions.
THE EFFECT OF RISK BASED CAPITAL, CLAIMS EXPENSE AND PREMIUM INCOME ON THE PROFIT OF CONVENTIONAL INSURANCE COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE IN 2019-2023. Yuyun Wahyuni; Rico Nur Ilham; Muttaqien; Ristati
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 4 No. 1 (2025): July
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/jaruda.v4i1.252

Abstract

This study is to examine the effect of Risk Based Capital (RBC), Claim Expense (BK) and premium income (PP) on Profit (ROA) in conventional insurance companies listed on the Indonesia Stock Exchange (IDX) in 2019-2023. The data of this research can be accessed on the official website of www.idx.co.id. The sample in this study is 9 companies. The data analysis tool in this study uses the Data Panel Regression method with the Eviews 12 application tool. The results of the study found that Risk based capital has a negative but significant effect on profit (ROA), Claim expense has a significant positive effect on profit (ROA), Premium income has a negative not significant effect on profit (ROA).
Co-Authors A Hadi Arifin Achmad Zahrudin Ade Muana Husniati Ainol Mardhiah Akhyar, Chairil Alfiana Alfiana Alfiana Alisa Adelena Altalarik, Agel Andi Amri Bahri, Halida Bustami Bustami Chairul Azman Chairul Azman Chalirafi, Chalirafi Chetty Tristantia Tarigan Chiril Akhyar Chiril Akhyar Cut Kamal Syafaqah Cut Zahrani Dellis Pratika, Dellis Dellusiani Dellusiani EM Yusuf Iis Emmy Hamidah Eni Rakhmawati Fajar, M. Syahrial Fauzi, Iwan Fitri Almuka Rahmah Ghazali Syamni Ghazali Syamni Husaini Husaini Husaini, Husaini Husaini I Nengah Sudipa I NYOMAN SUPARWA Ikramuddin, Ikramuddin Jummaini Khairina AR. Lesly Martha Cecylia Meka Lianti Lianti Listiana Sri Mulastih Listiana Sri Mulatsih Lusi Afriliana M. Raja Rafli M. Raja Rafli Maria Arina Luardini Mariyudi Marzuki Marzuki Marzuki Marzuki Marzuki Matriadi, Faisal Misrita Muhamad Risal Tawil Muhammad Fikri Akbar Muhammad Fikri Akbar Muhammad Hafidz Akbar Mursidah Mursidah Muttaqien Muttaqien Muttaqien Muttaqien Muttaqin Muttaqin Nadiatun Nisa Ni Made Dhanawaty Nofianti Nofianti Novaldi Yudistira Nurainun Nurainun Nuralima Siregar Nurjanna Ladjin Nurlela Nurlela Nurlela Nurlela Nurlela Nurlela Nurlela, Nurlela Oki Dwipurwani Ola Liana ZK Putri, Lidia Syah Rahmaniar Raihan Cahaya Raisa Salsabila Rara Hayu Clarissa Rati Pratiwi Reja Azwani Restu Widyo Sasongko Rico Nur Ilham Rieneke Ryke Kalalo Risa Novia Risa Novia Riska Yanti Riska Yanti Rogas, Yasin Ali Saifuddin Salvador, Jude Anne P. Sean Michael Owen Wijaya Siti Zahara Siti Zahara Sri Rizky Sri Rizky Sri Wahyuni Sri Wahyuni Sultan Fadlullah Nuri Sultan Fadlullah Nuri Sultan Muarif Sumi Amelya Harahap Sutriani Syamsul Bahri Syifa Azzahra Syifa Azzahra T. Hafifah Poetry Zulmi Ulya Alfajri Ulya Alfajri Wahyuddin Albra Wardhiah Wardhiah Wardhiah Wardhiah, Wardhiah Wardhiah, Wardhiah Wardhiah Wardiah Wardiah Wendy Wendy Yanita Yoskapela Yoskapela Yurianti, Ridha Alifa Yusniar Yusniar Yuyun Wahyuni Yuyun Wahyuni Zuhra Zuhra Zulfan Zulfan Zulham Zulham