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Kinerja Keuangan dan Ukuran Perusahaan: Pengaruhnya Terhadap Harga Saham Sektor Teknologi di Bursa Efek Indonesia Tahun 2018 - 2022 Utami, Ratna Cahyaning; Sudiyatno, Bambang
Jesya (Jurnal Ekonomi dan Ekonomi Syariah) Vol 7 No 2 (2024): Artikel Periode Research Juli 2024
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi Al-Washliyah Sibolga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36778/jesya.v7i2.1711

Abstract

Penelitian ini bertujuan untuk menginvestigasi faktor-faktor yang memengaruhi harga saham pada perusahaan sektor teknologi yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2018 hingga 2022. Faktor-faktor yang dianalisis meliputi Earning Per Share (EPS), Return on Assets (ROA), dan Debt to Assets Ratio (DAR), dengan ukuran perusahaan sebagai variabel kontrol. Teori yang menjadi dasar dalam penelitian ini mencakup teori sinyal (signalling theory), teori agensi (agency theory), dan teori trade-off. Sampel penelitian terdiri dari 12 perusahaan yang dipilih menggunakan metode purposive sampling. Metode analisis yang digunakan adalah analisis regresi data panel dengan menggunakan perangkat lunak Eviews 12. Hasil penelitian menunjukkan bahwa Earning Per Share (EPS) memiliki pengaruh positif dan signifikan terhadap harga saham. Namun, Return on Assets (ROA) menunjukkan pengaruh negatif yang tidak signifikan terhadap harga saham, dan Debt to Assets Ratio (DAR) tidak memiliki pengaruh signifikan terhadap harga saham. Selain itu, variabel kontrol, yaitu ukuran perusahaan (firm size), juga memengaruhi harga saham.
Does The Productivity of Companies Affected by Employee Stock Option Plans and Intellectual Capital? Puspitasari, Elen; MG Kentris Indarti; Sudiyatno, Bambang; Wahyu Meiranto
Jurnal Dinamika Akuntansi Vol. 16 No. 1 (2024)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jda.v16i1.4052

Abstract

Purposes: This study tries to identify the impact of intellectual capital and employee stock option plans on company productivity. Productivity is measured with The Malmquist Productivity Index which is intended to measure the efficiency of companies. Measurement of intellectual capital using Value Added Intellectual Capital determined by human capital efficiency, structural capital efficiency and capital employed efficiency. Methods: This research uses a quantitative approach, and data collection is carried out through secondary data. The research sample was taken from 60 companies with 180 observation data from the financial industry sector listed on the Indonesia Stock Exchange from 2019 to 2021, during the Covid-19 pandemic. The multiple regression analysis method is used to examine the relationship between intellectual capital, employee stock option plans, and company productivity. Findings: The results imply that human capital, structural capital, capital employ and employee stock option plans have impact on company productivity. Therefore, a dominant factor affecting company productivity is human resources. The implementation of share ownership schemes for employees has not been widely used in businesses that operate in the Indonesian financial industry sector. Novelty: The advantage of the Malmquist Productivity Index on the financial industry when compared to others is that it does not require assumptions of corporate behavior as applied in the Data Envelopment Analysis methods such as minimizing costs or maximizing profits. The Malmquist Productivity Index can specifically assess the productivity of each company unit. This research became very interesting because the productivity measured by the Malmquist Index in the finance industry was influenced by structural capital and human capital.