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Pengaruh Inflasi, Suku Bunga, Kurs, ROA, dan DER terhadap Harga Saham pada Perusahaan Perbankan Tahun 2021–2024 di BEI Sthevy Angelina Putri; Sigit Puji Winarko; Andy Kurniawan
Wawasan : Jurnal Ilmu Manajemen, Ekonomi dan Kewirausahaan Vol. 4 No. 4 (2026): Oktober: Wawasan : Jurnal Ilmu Manajemen, Ekonomi dan Kewirausahan
Publisher : Fakultas Teknik Universitas Maritim AMNI Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58192/wawasan.v4i4.5176

Abstract

This study examines the effects of inflation, interest rates, the rupiah exchange rate, Return on Assets (ROA), and Debt-to-Equity Ratio (DER) on the stock prices of banking companies listed on the Indonesia Stock Exchange during the 2021–2024 period. An associative quantitative approach was employed using a population of 48 banking companies, with 34 companies selected through purposive sampling. Secondary data from annual financial reports and sustainability reports were analyzed using descriptive statistics, classical assumption tests, multiple linear regression, hypothesis testing, and the coefficient of determination. The results indicate that inflation, interest rates, and the rupiah exchange rate do not have a significant partial effect on stock prices, with significance values of 0.802, 0.623, and 0.867, respectively (p > 0.05). In contrast, ROA and DER have significant partial effects on stock prices, with significance values of 0.000 and 0.012 (p < 0.05). Simultaneously, inflation, interest rates, the rupiah exchange rate, ROA, and DER significantly influence stock prices, as indicated by an F-value of 9.201, exceeding the F-table value of 2.28, with a significance level of 0.000 (p < 0.05). These findings suggest that financial performance indicators play a more important role than macroeconomic variables in explaining stock price movements in the banking sector.
PENGARUH RASIO KEUANGAN TERHADAP KEPUTUSAN INVESTASI PADA PERUSAHAAN SUBSEKTOR MAKANAN DAN MINUMAN DI BEI PERIODE 2022–2024 Erva Emmi Malikhatur Rohman; Sigit Puji Winarko; Mar’atus Sholikhah
Jurnal Maneksi Vol. 15 No. 3 (2026): Jurnal Maneksi (Management Ekonomi Dan Akuntansi)
Publisher : Politeknik Negeri Ambon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31959/jm.v15i3.4032

Abstract

Introduction: This study examines the effect of Financial Ratios on Investment Decisions in Food and Beverage Sub-Sector Companies listed on the Indonesia Stock Exchange (IDX) during the 2022–2024 Period.Methods: This study used a quantitative approach and secondary data from the annual financial reports of Food and Beverage Sub-Sector Companies listed on the Indonesia Stock Exchange (IDX). The sample was selected using purposive sampling, resulting in 117 observations. Data were analyzed using multiple linear regression with the assistance of SPSS software.Results: The findings indicate that Return on Equity (ROE), Current Ratio (CR), and Debt to Equity Ratio (DER) do not significantly affect Investment Decisions, as measured by the Price-to-Earnings Ratio (PER). Individually, ROE has a positive but statistically insignificant effect, while CR and DER have negative but statistically insignificant effects on Investment Decisions. Furthermore, the simultaneous test shows that ROE, CR, and DER do not significantly affect Investment Decisions.Conclusion: The findings indicate that Financial Ratios alone cannot explain Investment Decisions in Food and Beverage Sub-Sector Companies during the 2022–2024 period. Therefore, investors are likely to consider other factors, such as company growth, dividend policy, firm size, macroeconomic conditions, and future business prospects, when making investment decisions. Keywords: ROE, CR, DER and PER
PENGARUH RASIO KEUANGAN TERHADAP KINERJA KEUANGAN PERUSAHAAN BATU BARA YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2019-2023 Zhah Rotul Nikmah; Sigit Puji Winarko; Faisol Faisol
JAE (JURNAL AKUNTANSI DAN EKONOMI) Vol 10 No 2 (2025): JAE (Jurnal Akuntansi dan Ekonomi)
Publisher : UNIVERSITAS NUSANTARA PGRI KEDIRI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29407/jae.v10i2.26407

Abstract

This study aims to analyze the influence of financial ratios, including Profitability Ratio (Gross Profit Margin), Liquidity Ratio (Current Ratio), Solvency Ratio (Debt Ratio), and Activity Ratio (Inventory Turnover), on the financial performance of coal companies listed on the Indonesia Stock Exchange from 2019 to 2023. Financial performance is measured by Return on Assets (ROA). Using panel data regression with the Random Effect Model on 12 purposively selected companies with a total of 60 observation units, the results show that, partially, the profitability, liquidity, and solvency ratios have a significant effect on financial performance, while the activity ratio does not show a significant effect. Simultaneously, the four financial ratios significantly affect financial performance. The results are expected to aid company management, investors, and future researchers in evaluating financial performance in the coal industry.
ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI PENGELOLAAN DANA DESA (STUDI PADA DESA-DESA DI KECAMATAN PAGU KABUPATEN KEDIRI) Rizki Eka Kustanti; Puji Astuti; Sigit Puji Winarko
JAE (JURNAL AKUNTANSI DAN EKONOMI) Vol 10 No 3 (2025): JAE (Jurnal Akuntansi dan Ekonomi)
Publisher : UNIVERSITAS NUSANTARA PGRI KEDIRI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29407/jae.v10i3.27618

Abstract

Penelitian ini bertujuan untuk menganalisis faktor-faktor yang mempengaruhi pengelolaan dana desa di Kecamatan Pagu Kabupaten Kediri, dengan berfokus pada akuntabilitas, transparansi, dan partisipasi masyarakat. Penelitian ini menggunakan pendekatan kuantitatif dengan 52 responden yang ditentukan melalui teknik purposive sampling. Data dikumpulkan melalui kuesioner dan dianalisis menggunakan regresi linier berganda dengan bantuan program SPSS versi 25. Hasil penelitian menunjukkan bahwa transparansi dan partisipasi masyarakat berpengaruh signifikan terhadap pengelolaan dana desa, sementara akuntabilitas tidak memberikan pengaruh signifikan secara parsial. Namun secara simultan, ketiga variabel tersebut terbukti berpengaruh signifikan terhadap pengelolaan dana desa. Temuan ini menegaskan bahwa keterbukaan informasi dan keterlibatan masyarakat menjadi faktor kunci dalam meningkatkan efektivitas tata kelola dana desa.
Pengaruh Current Ratio (CR), Debt To Equity Ratio (DER), Dan Earning Per Share (EPS) Terhadap Harga Saham pada Perusahaan Indeks IDX30 di Bursa Efek Indonesia Periode 2022-2025 Lilu Oni Yuvita; Hestin Sri Widiawati; Sigit Puji Winarko
METHOSIKA: Jurnal Akuntansi dan Keuangan Methodist Vol 10 No 2 (2026): METHOSIKA: Jurnal Akuntansi dan Keuangan Methodist
Publisher : Universitas Methodist Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46880/jsika.Vol10No2.pp209-228

Abstract

Stock price movements are an important consideration for investors when evaluating a company’s financial condition and future prospects. Fluctuations in stock prices may be associated with several financial indicators, including the current ratio (CR), debt to equity ratio (DER), and earnings per share (EPS). This study was conducted to examine the relationship between these financial ratios and the stock prices of companies listed in the IDX30 Index on the Indonesia Stock Exchange during the 2022–2025 period. A quantitative approach was applied using secondary data obtained from the companies’ annual financial reports. The sample was selected through purposive sampling, resulting in 14 eligible companies with a total of 56 observations. The data were processed and tested using multiple linear regression analysis with IBM SPSS version 23. The findings reveal that CR, DER, and EPS jointly demonstrate a significant association with stock prices. When assessed individually, EPS is found to significantly influence stock prices, whereas CR and DER do not exhibit a significant effect.
Pengaruh Literasi Keuangan, Keuangan Digital, dan Digitalisasi Akuntansi terhadap Ketahanan UMKM di Kelurahan Ngronggo, Kota Kediri pada Era Ekonomi Digital Sisca Muharomatun Nuzula; Diah Nurdiwaty; Sigit Puji Winarko
METHOSIKA: Jurnal Akuntansi dan Keuangan Methodist Vol 10 No 2 (2026): METHOSIKA: Jurnal Akuntansi dan Keuangan Methodist
Publisher : Universitas Methodist Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46880/jsika.Vol10No2.pp384-405

Abstract

The rapid development of the digital economy has compelled micro, small, and medium enterprises to adapt and transform their business operations. This study aims to analyze the effect of financial literacy, digital finance, and accounting digitalization on the resilience of MSMEs in Ngronggo Sub-district, Kediri City, in the digital economy era. The study employed a quantitative approach with an explanatory survey design. The population consisted of 100 MSMEs registered in Ngronggo Sub-district, with a sample of 50 respondents determined using the Slovin formula at a 10% margin of error. Data were collected through questionnaires using a Likert scale and analyzed using multiple linear regression with SPSS software. The results indicate that financial literacy partially has a significant positive effect on MSME resilience, and digital finance partially has a significant positive effect on MSME resilience. However, accounting digitalization partially does not have a significant effect on MSME resilience. Simultaneously, financial literacy, digital finance, and accounting digitalization have a significant effect on MSME resilience, with an adjusted R² value of 0.411, indicating that these three variables explain 41.1% of the variation in MSME resilience. These findings suggest that enhancing financial literacy and optimizing digital financial services are crucial strategies for strengthening MSME resilience, while the adoption of accounting digitalization requires more intensive support and training to yield meaningful impacts.
Determinasi Arus Kas Masa Mendatang: Analisis Perubahan Modal Kerja, Utang, Piutang, Persediaan, dan Inflasi pada Sektor Ritel Asro'i Maryatun; Sigit Puji Winarko; Mar’atus Solikah
METHOSIKA: Jurnal Akuntansi dan Keuangan Methodist Vol 10 No 2 (2026): METHOSIKA: Jurnal Akuntansi dan Keuangan Methodist
Publisher : Universitas Methodist Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46880/jsika.Vol10No2.pp430-443

Abstract

This study begins with an analysis of future cash flow estimates based on financial statements, which provide critical information that influences investment and lending decisions. The research problem is how changes in equity, changes in debt, changes in receivables, changes in inventory, and inflation affect future cash flows in retail companies. The primary objective is to analyze the impact of changes in equity, debt, accounts receivable, inventory, and inflation on future cash flows in the retail sector. A quantitative causal approach is used, and data processing uses multiple linear regression analysis using SPSS. This study focuses on retail subsector issuers listed on the Indonesia Stock Exchange (IDX) between 2022 and 2024. A sample of 37 companies with a total of 111 observations was selected using a sampling method. The t-test results indicate that only changes in equity have a relevant impact on future cash flows; the other variables—changes in debt, accounts receivable, inventory, and inflation—are insignificant. Furthermore, an F-test confirms that the combined impact of these five variables on future cash flows is irrelevant. These results indicate that investors should consider other alternative indicators, such as net profit, company size, and net sales, before making investment decisions.
Co-Authors Adelia Diah Puspita Adelya Dwi Larasati Agnesia, Briggita Al Faruq, Mohammad Tawakal Alsha Fianingsih Putri Alya Putri Meilisa Amalia Renata Anggraeni Amin Tohari Andi Kurniawan Andy Kurniawan Andy Kurniawan Andy Kurniawan, Andy Anneke Shierly Frycillia Widodo Ardha Dewa Bagaskara Asro'i Maryatun Badrus Zaman Badrus Zaman Badrus Zaman Bagaskara, Ardha Dewa Carolina Santyanuari Dhita Nur Fadila Diah Nurdiwati Diah Nurdiwati Diah Nurdiwaty Dian Kusumaningtyas, Dian Dwi Setiawan Eka Fidela Cristianty Eriana Sri Rahayu Erinta Adha Puspita Erna Purwaningtyas Erva Emmi Malikhatur Rohman F. Irfando Jovan Kantur Faisol Faisol Faisol Faisol Farah Fauziah Firmansyah Fauji, Diah Ayu Septi Firdawati, Ery Huda, Koirul Ida Wahyuni ISMAYANTIKA DYAH PUSPASARI, ISMAYANTIKA DYAH Jahan, Syarifah Nur Kelsiva Awalia Zilayonta Kusuma, Fanesa Putra Adri Lilu Oni Yuvita Linawati Linawati Linawati Linawati Linggarsari, Ovi Listyahapsari, Adaninggar Shinta Lutfi, Aulia Mahendra, Figo Ryan Mar'atus solikah Marlina, Nana Mar’atus Sholikhah Maulida, Oktavianti Meisa Nadiatul Fadliyah Mubazin, Riska Mahviana Muwahhidah, Zulva Natalia, Susan Nugeraheni, Cahya Kusuma Oktavia, Adinda Putri Pertiwi, Delfira Rimbi Puji Astuti Puji Astuti Puji Astuti Pujiningtyas, Manik Lelibid Puspita, Erna Putri Setyo Andini Putri Wulan Guretno Putri, Elvika Nungki Chintia Putri, Lendy Syahira Lismawati Rani, Shintya Mellinia Regina Okti Kusumawardhani Regina Okti Kusumawardhani Resa Putri Ningtias Ririn Fitriyah Riswahyuning, Mareta Selvia Rizki Eka Kustanti Romadhony, Rahmad Irfan Rosita Diyah Ramadhani Sanrully, Muhamad Ichwan Ade Sari, Meilinda Trinita Sherly Elvica Natalia Natalia Sisca Muharomatun Nuzula Siti Aminah Soekowati, Iis Endang Sofhie Melani Putri Solikah, Mar atus solikah, mar'atus Solikah, Mara’tus Solikah, Mar’atus Sri Wulandari Sthevy Angelina Putri Sugeng Sugeng Sugeng Sugeng Susanti, Ami Ulfa, Mar'atul Vionita Febriani Viska Berliyanti Vita, Niken Tria Candra Widiawati, Hestin Sri Widya, Mesi Wulandari, Aprilya Yanira Cahya Sari Yayang Dea Masuqa Yuli Rulamarzuqoh Zhah Rotul Nikmah