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All Journal Economics and Digital Business Review Jurnal Riset Ekonomi dan Akuntansi Journal Of Management, Economics, And Accounting Research
Ardhansyah Putra Harahap
Universitas Muslim Nusantara Al Washliyah
Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

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Building the Future of MSMEs with Financial Inclusion and Financial Literacy Dwi Saraswati; Ardhansyah Putra Harahap
Journal of Management, Economics, and Accounting Research Vol. 1 No. 1 (2025): November 2025
Publisher : CV. Raskha Media Group

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62712/jomear.v1i1.29

Abstract

Micro, Small, and Medium Enterprises (MSMEs) play a strategic role in national economic development as key drivers of employment and economic growth; however, they continue to face significant challenges, minimal access to formal financial services, and low levels of financial literacy. These constraints often result in weak financial management, suboptimal business decision-making, and low business performance and sustainability. This study aims to examine the role of financial inclusion and financial literacy in enhancing the sustainable performance of MSMEs. The method employed is a conceptual and descriptive review, analyzing relevant regulations, theoretical frameworks, and empirical studies on financial literacy, financial inclusion, MSME management, and business performance. The findings indicate that strong financial literacy—encompassing financial knowledge, skills, attitudes, and behaviors significantly improves MSMEs’ ability to manage cash flow, capital, investment, and business risks. Furthermore, financial inclusion, characterized by accessible, affordable, and responsible use of financial products and services, strengthens MSMEs’ capacity to expand their businesses and enhance competitiveness. The integration of financial literacy and financial inclusion contributes positively to MSME performance, as reflected in increased profitability, sales growth, market expansion, and long-term business sustainability. In conclusion, strengthening financial literacy and expanding financial inclusion are essential strategies for building a resilient and competitive future for MSMEs, and these efforts require continuous support from governments, financial institutions, and other relevant stakeholders.
THE Pengaruh Debt To Equity Ratio, Economic Value Added Dan Current Ratio Terhadap Return Saham Pada Perusahaan Manufaktur Sub Sektor Makanan Dan Minuman Yang Terdaftar Di Bei Tahun 2022-2024 Roma Uli Tua Br Matondang; Ova Novi Irama; Sri Wardany; Ardhansyah Putra Harahap
Economics and Digital Business Review Vol. 7 No. 1 (2025)
Publisher : STIE Amkop Makassar

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Abstract

This study aims to examine the effect of Debt to Equity Ratio (DER), Economic Value Added (EVA), and Current Ratio (CR) on Stock Return in food and beverage subsector manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the period of 2022–2024. This research is a quantitative study. The sampling technique used was purposive sampling, resulting in 11 companies with a total of 33 observation data during the research period. The data used are secondary data obtained from financial statements and stock prices. The analysis method employed includes simple linear regression and multiple linear regression, as well as a series of classical assumption tests to ensure data feasibility. Data processing was carried out using SPSS version 31. The results of the study show that partially, the Debt to Equity Ratio (DER) has a positive and significant effect on stock return, and the Current Ratio (CR) also has a positive and significant effect on stock return. Meanwhile, Economic Value Added (EVA) has no significant effect on stock return. Based on the simultaneous test (F-test), all three independent variables were found to have a significant effect on stock return simultaneously.
Pengaruh Pertumbuhan Perusahaan, Ukuran Perusahaan, dan Leverage terhadap Nilai Perusahaan dengan Kebijakan Dividen sebagai Variabel Moderasi Nurul Azizah Hasibuan; Junita Putri Rajana Harahap; Rizqy Fadhlina Putri; Ardhansyah Putra Harahap
Jurnal Riset Ekonomi dan Akuntansi Vol. 4 No. 3 (2026): September: JURNAL RISET EKONOMI DAN AKUNTANSI
Publisher : Institut Teknologi dan Bisnis (ITB) Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54066/jrea-itb.v4i3.4322

Abstract

The purpose of this research is to examine the relationship between banking subsector businesses listed on the Indonesia Stock Exchange from 2022 to 2024 in relation to firm value, firm size, leverage, and growth, with dividend policy serving as a moderating variable. This study uses a quantitative approach with data derived from 51 observations obtained from a purposive sample of 17 companies. After outlier treatment, 49 observations were analyzed to ensure data accuracy and reliability. The data were processed using Moderated Regression Analysis (MRA) and multiple linear regression techniques to test both direct and moderating effects among the variables. The findings indicate that firm value is positively influenced by firm size, while it is negatively affected by leverage and firm growth. These three variables simultaneously have a significant effect on firm value in the banking subsector. However, the results also show that dividend policy is unable to moderate the relationship between firm size, growth, and leverage on firm value. This suggests that dividend policy does not strengthen or weaken the impact of these variables on firm value within the observed banking companies. Overall, the study provides empirical evidence regarding the determinants of firm value in the Indonesian banking subsector.
Co-Authors Dwi Saraswati Junita Putri Rajana Harahap Nurul Azizah Hasibuan Ova Novi Irama Rizqy Fadhlina Putri Roma Uli Tua Br Matondang Sri Wardany