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Journal : Aptisi Transactions on Management

Influence of Macroeconomics Factors, Profitability, and Stock Trading Volume on Stock Prices in The Years 2019-2021 Febryanti Simon; Anisa Fitriani
APTISI Transactions on Management (ATM) Vol 8 No 1 (2024): ATM (APTISI Transactions on Management: January)
Publisher : Pandawan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33050/atm.v8i1.2165

Abstract

The Covid-19 pandemic, which struck Indonesia in March 2020, impacted various sectors, including the capital market. The capital market, which primarily served as a source of funding for investors, was also affected. This research was designed to examine the impact of economic elements on the share prices of manufacturing sectors amidst the Covid-19. The aspects under examination encompassed exchange rate, inflation, probability, and stock trading volume. This research employed data from all total of 171 manufacturing industry firms listed on the Indonesia Stock Exchange (IDX) over the period from 2019 to 2021 . The research method used is a quantitative method. The total sampling technique used resulted in a sample of 59 (fifty-nine) companies that met the research criteria. The method of data analysis employed is panel data regression analysis, utilizing the Random Effect Model (REM) estimation, which is tested using Eviews 12. The findings indicate that profitability significantly influences stock prices, while exchange rate, inflation and stock trading volume do not have a significant effect on the stock prices of manufacturing companies during 2019-2021. Based on the simultaneous test result obtained, exchange rate, inflation, profitability, and stock trading volume have a significant effect on stock prices.
Influence of Profitability, Audit Quality, and Corporate Governance on Earnings Management Febryanti Simon; Hansel Angga Winata
APTISI Transactions on Management (ATM) Vol 8 No 2 (2024): ATM (APTISI Transactions on Management: May)
Publisher : Pandawan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33050/atm.v8i2.2234

Abstract

This study investigates the impact of profitability, audit quality, the composition of independent board commissioners, managerial ownership, and institutional ownership on earnings management. The population for this research comprises all manufacturing companies listed on the Indonesia Stock Exchange (BEI) between 2019 and 2021. It adopts a correlational research design with naquantitative approach. Data collection involves secondary data obtained through purposive sampling. The sample size consists of 32 companies, resulting in 96 observations. The study employs various analytical techniques, including classic assumption tests such as normality, heteroscedasticity, multicollinearity, and autocorrelation tests. Hypothesis testing is conducted using multiple regression analysis with SPSS version 26. Findings reveal that managerial ownership negatively influences earnings management, exhibiting a significant result of 0.036. Conversely, profitability, audit quality, the composition of the independent board of commissioners, and institutional ownership do not significantly affect earnings management, as their significance results exceed 0.05.