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LIKUIDITAS DAN PROFITABILITAS SEBAGAI DETERMINAN PERGERAKAN HARGA SAHAM SEKTOR TRANSPORTASI LOGISTIK Marthina Trisanti Pelealu; Herlina Rasjid; Selvi Selvi
CENDEKIA: Jurnal Ilmu Pengetahuan Vol. 6 No. 4 (2026)
Publisher : Pusat Pengembangan Pendidikan dan Penelitian Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51878/cendekia.v6i4.16120

Abstract

The 14.96% decline in the transportation and logistics sector index (IDXTRANS) throughout 2024 highlights market pressure and the importance of identifying financial factors associated with stock price movements. However, previous studies have reported inconsistent findings regarding the effects of profitability and liquidity on stock prices. This study aims to analyze the effects of Net Profit Margin (NPM) and Cash Ratio on the stock prices of transportation and logistics companies listed on the Indonesia Stock Exchange during 2021–2024. A quantitative approach was employed using secondary data from financial statements and stock price records. The sample was selected through purposive sampling, yielding 19 companies and 71 valid observations after outlier removal. Data were analyzed using multiple linear regression following classical assumption tests. The results indicate that NPM has no significant effect on stock prices (coefficient = −2.097; p = 0.104), whereas Cash Ratio has a positive and significant effect (coefficient = 0.676; p = 0.007). Simultaneously, both variables significantly affect stock prices (F = 3.989; p = 0.023). The R-squared value of 0.105 indicates that the model explains 10.5% of stock price variation. These findings highlight the relevance of liquidity information in analyzing stock prices in this sector. ABSTRAK Penurunan indeks sektor transportasi dan logistik (IDXTRANS) sebesar 14,96% sepanjang 2024 menunjukkan tekanan pasar dan pentingnya mengidentifikasi faktor keuangan yang berkaitan dengan pergerakan harga saham. Namun, penelitian terdahulu menunjukkan hasil yang belum konsisten mengenai pengaruh profitabilitas dan likuiditas terhadap harga saham. Penelitian ini bertujuan menganalisis pengaruh Net Profit Margin (NPM) dan Cash Ratio terhadap harga saham perusahaan sektor transportasi dan logistik yang terdaftar di Bursa Efek Indonesia periode 2021–2024. Penelitian menggunakan pendekatan kuantitatif dengan data sekunder berupa laporan keuangan dan data harga saham. Sampel dipilih melalui teknik purposive sampling, menghasilkan 19 perusahaan dengan 71 observasi valid setelah pembersihan outlier. Data dianalisis menggunakan regresi linear berganda setelah pengujian asumsi klasik. Hasil penelitian menunjukkan bahwa NPM tidak berpengaruh signifikan terhadap harga saham (koefisien −2,097; signifikansi 0,104), sedangkan Cash Ratio berpengaruh positif dan signifikan (koefisien 0,676; signifikansi 0,007). Secara simultan, kedua variabel berpengaruh signifikan (F = 3,989; signifikansi 0,023). Nilai R Square sebesar 0,105 menunjukkan kemampuan penjelasan model sebesar 10,5%. Temuan ini menegaskan relevansi informasi likuiditas dalam analisis harga saham sektor tersebut.
Dampak Modal Sosial dan Literasi Keuangan terhadap Inklusi Keuangan BUMDes di Kabupaten Gorontalo Kayla Az Zahra Abd. Latief; Herlina Rasjid; Srie Isnawaty Pakaya
GEMILANG: Jurnal Manajemen dan Akuntansi Vol. 6 No. 1 (2026): Jurnal Manajemen dan Akuntansi
Publisher : BADAN PENERBIT STIEPARI PRESS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56910/gemilang.v6i1.3431

Abstract

This research is motivated by the importance of Village-Owned Enterprises (BUMDes) as drivers of the village economy, in accordance with Permendesa PDTT Number 4 of 2015, which aims to improve community welfare through the management of assets, services, and businesses. However, many BUMDes face obstacles such as the low quality of human resources managers, a lack of understanding of financial literacy among the community, and sub-optimal relations with the village government, which cause many BUMDes to be inactive or not yet contribute significantly. In Gorontalo Regency, out of 191 BUMDes in 2020, 61 had not yet reported financial administration due to the managers' lack of capability. Transparent, accountable, and sustainable financial management of BUMDes requires adequate financial literacy. In addition, social capital in the form of traditions, networks, and trust in rural areas plays an important role in driving BUMDes economic activities and realizing welfare and poverty alleviation. Although the financial literacy rate in Gorontalo society reached 49.68% in 2022, there is still a gap with financial inclusion, which reached 85.10%. Therefore, this study aims to analyze the impact of social capital and financial literacy on the financial inclusion of BUMDes in Gorontalo Regency.
Pengaruh Leverage, Likuiditas, dan Ukuran Perusahaan terhadap Nilai Perusahaan Sektor Properti dan Real Estate Mohamad Taufik Otaya; Herlina Rasjid; Yayu Isyana D. Pongoliu
Master: Jurnal Manajemen dan Bisnis Terapan Vol. 6 No. 2 (2026): Article In Press Edisi Desember
Publisher : Universitas Muhammadiyah Purwokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30595/jmbt.v6i2.32524

Abstract

Riset ini menguji secara parsial maupun simultan bagaimana Leverage, likuiditas, dan ukuran perusahaan memengaruhi nilai perusahaan pada emiten sektor property dan real estate   yang terdaftar di BEI rentang 2020-2024. Pendekatan kuantitatif yang digunakan berbasis pada pengumpulan data sekunder yang bersumber Dari laporan keuangan serta laporan tahunan pada situs resmi BEI. Teknik purposive sampling dipilih dalam menentukan sampel penelitian, dan analisis regresi data panel diestimasi dengan bantuan aplikasi EViews 13. Hasil analisis menunjukkan Leverage tak memiliki pengaruh yang signifikan atas nilai perusahaan. Di lain pihak, likuiditas mampu memberikan kontribusi positif serta signifikan terhadap nilai perusahaan, sedangkan ukuran perusahaan tidak mencatatkan pengaruh yang signifikan bagi nilai perusahaan. Pengujian secara simultan mengonfirmasi bahwa Leverage, likuiditas, dan ukuran perusahaan secara bersamaan berpengaruh signifikan terhadap nilai perusahaan. Nilai Adjusted R-squared memperlihatkan daya jelaskan model yang dominan dalam menerangkan variabilitas nilai perusahaan.