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Nurasik
Universitas Muhammadiyah Sidoarjo
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DETERMINAN YANG MEMPENGARUHI KEPUTUSAN INVESTASI OLEH INVESTOR Nurasik; Sarwenda Biduri; Santi Rahma Dewi; Mukhammad Amar Musliq
Owner : Riset dan Jurnal Akuntansi Vol. 7 No. 3 (2023): Vol. 7 No. 3 (2023): Research Artikel Volume 7 Issue 3: Periode Juli 2023
Publisher : Politeknik Ganesha Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33395/owner.v7i3.1493

Abstract

This study aims to determine the effect of profitability, liquidity, leverage and stock prices on investment decisions by investors (study of food and beverage companies listed on the Indonesian Stock Exchange in 2016-2019). The sampling method used is purposive sampling method. The number of companies sampled in this study were 13 Food and Beverages Listed on the IDX for the 2016-2019 period. The data used is secondary data. The data analysis method used in this study is Multiple Linear Regression. The results of this study indicate that Profitability has an effect on Investment Decisions. Liquidity has an effect on investment decisions. Leverage has an effect on Investment Decisions. Stock Prices have an effect on Investment Decisions.
Business Models Drive Investor Reactions in Construction Sector Lili’ Mutala’liah; Nurasik
Indonesian Journal of Law and Economics Review Vol 19 No 2 (2024): May
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v19i2.1098

Abstract

This study investigates the effect of presenting integrated reporting elements in annual reports on investor reactions in building construction companies listed on the Indonesia Stock Exchange (IDX) from 2018 to 2020. Using a quantitative method with multiple linear regression analysis in SPSS version 18, the study analyzed data from 10 purposively sampled companies. Results indicate that the business model element significantly affects investor reactions, while other elements like organizational description, governance, risks and opportunities, strategy and resource allocation, performance, future prospects, and basic elements of disclosure do not. These findings suggest companies should focus on enhancing their business model disclosures to better meet investor expectations and improve market responses. Highlight: Business Model Impact: Only the business model significantly affects investor reactions. Other Elements: Organizational description, governance, etc., show no significant investor impact. Recommendation: Enhance business model disclosures to meet investor expectations. Keyword: Integrated Reporting, Investor Reactions, Building Construction, Indonesia Stock Exchange, Quantitative Analysis
Capital Market Reaction Analysis Before and After Bank Indonesia's Decision Regarding Interest Rates : Analisis Reaksi Pasar Modal Sebelum Dan Sesudah Keputusan Bank Indonesia Mengenai Suku Bunga Putri Yuliean Fajarwati; Nurasik
Academia Open Vol. 3 (2020): December
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/acopen.3.2020.1149

Abstract

The development of capital market activities can not be separated from the role of investors as investors and disclosure of information as consideration of investor decision making.This research aims to find out how the capital market reacts before Bank Indonesia's decision on interest rates.And to find out how the capital market reacted after Bank Indonesia's decision on interest rates.This research uses quantitative research that is event study. Data collection of financial statements at the Investment Gallery of the Indonesia Stock Exchange, University of Muhammadiyah Sidoarjo.The population in this study includes LQ45 companies that have been listed on the Indonesia Stock Exchange, with sampling techniques namely total sampling.Data analysis using T-test. The results of this study prove that there is a difference in the average abnormal return before and after Bank Indonesia's decision on interest rates as evidenced by the value of Sig.(2-tailed) is 0.000 less than 0.005 and there is a difference in average trading volume activity before and after Bank Indonesia's decision on interest rates as evidenced by the value of Sig.(2-tailed) 0.000 less than 0.005.
The Capital Market Reaction To The Corona Covid-19 Virus Outbreak Events: Reaksi Pasar Modal Terhadap Peristiwa Wabah Virus Corona Covid-19 Wardah Azizah; Nurasik
Academia Open Vol. 3 (2020): December
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/acopen.3.2020.1158

Abstract

This study aims to get a real picture of the Capital Market Reaction to the Corona Covid-19 Virus Outbreak (Study on LQ-45 Companies Listed on the Indonesia Stock Exchange). The analytical tool used is descriptive statistical analysis and classical assumption test. To test the hypothesis, it is done using data analysis in the form of Paired Sample T-Test using the statistical program "Product and Service Solution" (SPSS). The results of hypothesis testing using paired sample t-test obtained t-value with a significant value of 0.000 (0.000 <0.05). From these results, it can be stated that the hypothesis is accepted, which means that there is a significant difference in abnormal returns before and after the Corona / Covid-19 Virus Outbreak. The difference in Abnormal Return on the test results has a positive value, this shows that if the Corona / Covid-19 Virus Outbreak has increased, the Abnormal Return value will increase.
The Influence of Accounting Students' Tax Understanding on Npwp Ownership Awareness Through Legal Compliance Mediation: Pengaruh Pemahaman Perpajakan Mahasiswa Akuntansi Terhadap Kesadaran Kepemilikan Npwp Melalui Mediasi Ketaatan Hukum Kristia Armiyanti; Nurasik
Academia Open Vol. 4 (2021): June
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/acopen.4.2021.1985

Abstract

This study aims to determine prove and analyze the influence of understanding of accounting and legal observance of NPWP ownership. This study uses the Accounting Study Program Faculty of Business, Law and Social Sciences, University of Muhammadiyah Sidoarjo as its population. Samples were selected using the purposive sampling method. This research uses a quantitative approach and research data are tested using Partial Least Square (PLS) data processing. From the calculation results it is concluded that the understanding of taxation of accounting students has an influence on the awareness of NPWP ownership. Understanding of accounting students taxation has an influence on the legal compliance of accounting students. The legal compliance of accounting students has an influence on awareness of NPWP ownership. Understanding of accounting student taxation influences awareness of NPWP ownership
The Effect of Intellectual Capital Disclosure Disclosure on Profitability and Firm Value in Banking Companies Listed on the Stock Exchange 2015-2019: Pengaruh Pengungkapan Intellectual Capital Disclosure Terhadap Profitabilitas Dan Nilai Perusahaan Pada Perusahaan Perbankan Yang Terdaftar Di Bei Tahun 2015-2019 Esty Nugraheni; Nurasik
Academia Open Vol. 4 (2021): June
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/acopen.4.2021.1990

Abstract

This study aims to analyze the effect of intellectual capital disclosure on financial performance and firm value in banking companies listed on the Indonesia Stock Exchange (IDX) for the 2015-2019 period. The sampling method used is purposive sampling method. The number of companies that were sampled in this study were 14 banking companies listed on the IDX in the 2015-2019 period. The data used is secondary data. The data analysis method used in this research is PLS 3.2. The results of this study indicate that Intellectual Capital Disclosure affects the company's financial performance (ROA) in banking companies listed on the Indonesia Stock Exchange (IDX) for the 2015-2019 period. Intellectual Capital Disclosure has an effect on firm value in banking companies listed on the Indonesia Stock Exchange (IDX) for the 2015-2019 period.
The Effect of Audit Quality, Previous Year's Audit Opinion, And Company Growth on the Acceptance of Going Concern Audit Opinions: Pengaruh Kualitas Audit, Opini Audit Tahun Sebelumnya, Dan Pertumbuhan Perusahaan Terhadap Penerimaan Opini Audit Going Concern Dewi Anggraeni; Nurasik
Academia Open Vol. 4 (2021): June
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/acopen.4.2021.1991

Abstract

This study aims to analyze the Effect of Audit Quality, Previous Year's Audit Opinion, and Company Growth on the Acceptance of Going Concern Audit Opinions in Food and Beverage Companies Listed on the Indonesia Stock Exchange (IDX) for the 2015-2019 period. The sampling method used is purposive sampling method. The number of companies that were sampled in this study were 10 Food and Beverage companies listed on the IDX in the 2015-2019 period. The data used is secondary data. The data analysis method used in this study is Logistic Regression with SPSS 23. The results of this study indicate that audit quality has an effect on the acceptance of going concern audit opinions. The previous year's audit opinion has an effect on the acceptance of going-concern audit opinion. Company growth has an effect on going concern audit acceptance.
Indonesian Capital Market Reaction To The Announcement Of A Recession Due To The Pandemic Covid-19: Reaksi Pasar Modal Indonesia Terhadap Peristiwa Pengumuman Resesi Akibat Pandemi Covid-19 Vani Aryani; Nurasik
Academia Open Vol. 5 (2021): December
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/acopen.5.2021.2136

Abstract

On November 5, 2020, Indonesia was declared a recession after the Central Statistics Agency announced that the Indonesian economy experienced a decline in the third quarter of 2020. The Indonesian economy experienced a decline in the third quarter of 2020, which was minus 3.49 percent. In the second quarter of 2020, the Indonesian economy was already minus 5.32 percent. The announcement of the recession event gave rise to various perceptions for capital market participants. So the purpose of this study is to find out and compare the differences in the average Abnormal Return, Trading Volume Activity, and Security Return Variability of IDX 30 issuers before and after the announcement of the recession due to the COVID-19 pandemic. The research method used is quantitative research with an event study approach. The type of data in this study is secondary data with data collection techniques using the documentation method. The sample used is IDX30 stock issuers on the Indonesia Stock Exchange for the period August 2020 - January 2021. The data analysis technique in this study is descriptive statistical analysis, paired t-test and Wilcoxon signed rank test. The results of this study indicate that: (1) there is a significant difference in the average abnormal return of IDX 30 issuers before and after the announcement of the recession due to the covid-19 pandemic. (2) there is a significant difference in the average Trading Volume Activity of IDX 30 issuers before and after the announcement of the recession due to the covid-19 pandemic. (3) there is no significant difference in the average Security Return Variability of IDX 30 issuers before and after the announcement of the recession due to the covid-19 pandemic.
Financial Ratios and Firm Value: A Reassessment of ROE, CR, and DER: Rasio Keuangan dan Nilai Perusahaan: Penilaian Ulang terhadap ROE, CR, dan DER Devi Alifatul Khusniah; Nurasik
Academia Open Vol. 9 No. 1 (2024): June
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/acopen.9.2024.5122

Abstract

This study reevaluates the consistency of financial ratios, specifically profitability, liquidity, and solvency, in influencing firm value, as measured by Price to Book Value (PBV). Employing a quantitative approach, the research utilizes descriptive statistical analysis, R Square determination, multiple linear regression modeling, and partial t-test hypothesis testing, with data analyzed using IBM SPSS Version 26. The population consists of companies listed in the LQ45 index for the years 2019-2020, and purposive sampling criteria are applied. The results demonstrate that three factors, Return on Equity (ROE), Current Ratio (CR), and Debt to Equity Ratio (DER), exert both simultaneous and partial influences on firm value, shedding light on their significance in the evaluation of company performance.Highlights : This study examines the impact of financial ratios (profitability, liquidity, and solvency) on firm value, measured by Price to Book Value (PBV). It employs quantitative methods, including descriptive statistics, regression analysis, and hypothesis testing using IBM SPSS. The research population comprises companies listed in the LQ45 index for 2019-2020, and the results indicate that Return on Equity (ROE), Current Ratio (CR), and Debt to Equity Ratio (DER) have both simultaneous and partial effects on firm value, highlighting their importance in assessing company performance. Keywords: Financial Ratios, Firm Value, Profitability, Liquidity, Solvency
Stock Prices in Banking: Profitability, Capital, Firm Value, and Company Size.: Harga Saham di Sektor Perbankan: Profitabilitas, Struktur Modal, Nilai Perusahaan, dengan Ukuran Perusahaan sebagai Variabel Moderasi Tri Wahyuni; Nurasik
Academia Open Vol. 9 No. 1 (2024): June
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/acopen.9.2024.5641

Abstract

The study aimed to assess factors influencing stock prices in Indonesian banking firms from 2018-2020. Using quantitative methods with a sample of 15 companies from the Indonesia Stock Exchange, the research found that profitability positively and significantly affects stock prices. However, capital structure and firm value showed no direct impact. Firm size was identified as a positive and significant influencer of stock prices. Notably, firm size moderated the effect of firm value on stock prices, but it didn't moderate profitability or capital structure's impact on stock prices. Highlights: Profitability Matters: The study emphasizes that profitability has a positive and significant impact on stock prices, highlighting the crucial role of a company's financial performance in influencing investor perception and market valuation. Size Does Matter: The size of a company plays a key role, with firm size demonstrating a positive and significant effect on stock prices. Additionally, firm size is identified as a moderator, influencing the relationship between firm value and stock prices. Capital Structure's Limited Impact: Contrary to profitability and firm size, the study suggests that capital structure alone does not significantly affect stock prices. This finding underscores the nuanced nature of factors influencing stock market dynamics. Keywords: Stock Price, Profitability, Capital Structure, Firm Value
Co-Authors Devi Alifatul Khusniah Dewi Anggraeni Esty Nugraheni Kristia Armiyanti Lili’ Mutala’liah Mochamad Rizal Yulianto Mukhammad Amar Musliq Putri Yuliean Fajarwati Santi Rahma Dewi Sarwenda Biduri Tri Wahyuni Vani Aryani Wardah Azizah Zulfani Anggraini