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The Influence Of Profitability and Dividend Policy On Financial Performance On Share Price (Study On Himbara Banks Listed On The Indonesia Stock Exchange) Period 2018-2021 Retno Ambarsari; Hartono; Yuliasnita Verlandes
International Journal of Management and Business Economics Vol. 1 No. 3 (2023): June
Publisher : CV Putra Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58540/ijmebe.v1i3.396

Abstract

Economic development in an increasingly modern era has undergone substantial changes; in the business sector, it has developed in line with technological developments, and in the banking sector, which has gone public. This study aims to determine the effect of profitability and dividend policy on financial performance on stock prices at Himbara banks listed on the Indonesian stock exchange. This research uses multiple linear regression methods assisted by data analysis software, namely SPSS 25. The sampling technique used in this research is a saturated sample with a process that uses all population members as samples. The model used in this study was Himbara Bank which consisted of 4 banks, namely Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI), State Savings Bank (BTN), and Bank Mandiri. The study results show that profitability partially significantly affects stock prices. It can be seen from the NPM results, which have a t count of 3.264 > t table (2.178) with a probability of 0.009 (p <0.05), ROA with a t count value of 2.595> t table (2.178) with a probability of 0.027 (p <0.05), ROE t count - 2.966> t table (2.178) with a probability value of 0.014 (p <0.05). Dividend policy partially has a significant effect on stock prices. It can be seen from the results (DPS) with a t count of 8,190> t table (2.178) with a probability of 0,000 (p <0.05). As well as profitability and dividend policy simultaneously have a significant influence on the price of Himbara bank shares listed on the Indonesian stock exchange. It can be seen that the result of the F count is 40.304 > F table (3.74), which means that the variable profitability and dividend policy simultaneously affect the stock price.
The Influence Of Profitability and Dividend Policy On Financial Performance On Share Price (Study On Himbara Banks Listed On The Indonesia Stock Exchange) Period 2018-2021 Retno Ambarsari; Hartono; Yuliasnita Verlandes
International Journal of Management and Business Economics Vol. 1 No. 3 (2023): June
Publisher : CV Putra Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58540/ijmebe.v1i3.396

Abstract

Economic development in an increasingly modern era has undergone substantial changes; in the business sector, it has developed in line with technological developments, and in the banking sector, which has gone public. This study aims to determine the effect of profitability and dividend policy on financial performance on stock prices at Himbara banks listed on the Indonesian stock exchange. This research uses multiple linear regression methods assisted by data analysis software, namely SPSS 25. The sampling technique used in this research is a saturated sample with a process that uses all population members as samples. The model used in this study was Himbara Bank which consisted of 4 banks, namely Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI), State Savings Bank (BTN), and Bank Mandiri. The study results show that profitability partially significantly affects stock prices. It can be seen from the NPM results, which have a t count of 3.264 > t table (2.178) with a probability of 0.009 (p <0.05), ROA with a t count value of 2.595> t table (2.178) with a probability of 0.027 (p <0.05), ROE t count - 2.966> t table (2.178) with a probability value of 0.014 (p <0.05). Dividend policy partially has a significant effect on stock prices. It can be seen from the results (DPS) with a t count of 8,190> t table (2.178) with a probability of 0,000 (p <0.05). As well as profitability and dividend policy simultaneously have a significant influence on the price of Himbara bank shares listed on the Indonesian stock exchange. It can be seen that the result of the F count is 40.304 > F table (3.74), which means that the variable profitability and dividend policy simultaneously affect the stock price.
Financial Ratios Analysis Using The Z-Score Altman Method In Measuring Financial Performance To Predict Bankruptcy In Sharia General Banking (Case Study Of Islamic Banking Companies Listed On The Indonesia Stock Exchange In 2020-2021) Eka Ayu Anggraini; Hartono; Yuliasnita Verlandes
International Journal of Management and Business Economics Vol. 1 No. 3 (2023): June
Publisher : CV Putra Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58540/ijmebe.v1i3.400

Abstract

This study aims to predict the potential level of corporate bankruptcy. In this study, researchers took the object of Islamic banking companies listed on the Indonesian Stock Exchange. The companies are as follows: PT. Bank Aladin Syariah Tbk, PT. Bank Syariah Indonesia Tbk, PT. Bank BTPN Syariah Tbk and PT. Bank Panin Dubai Syariah Tbk. This type of research uses descriptive quantitative using secondary data sources.The results of the study show that 2020-2021 shows healthy and stable results because the z-score for 2020-2021 is above 2.6 or Z-score > 2.6. That's why PT. Bank Aladin Syariah Tbk, PT. Bank Syariah Indonesia Tbk, PT. Bank BTPN Syariah Tbk and PT. Bank Panin Dubai Syariah Tbk must continue to apply the precautionary principle properly and continue to strive to improve the company's performance in order to avoid potential bankruptcy in the coming year, especially in the era of economic improvement after the Covid-19 pandemic
Financial Ratios Analysis Using The Z-Score Altman Method In Measuring Financial Performance To Predict Bankruptcy In Sharia General Banking (Case Study Of Islamic Banking Companies Listed On The Indonesia Stock Exchange In 2020-2021) Eka Ayu Anggraini; Hartono; Yuliasnita Verlandes
International Journal of Management and Business Economics Vol. 1 No. 3 (2023): June
Publisher : CV Putra Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58540/ijmebe.v1i3.400

Abstract

This study aims to predict the potential level of corporate bankruptcy. In this study, researchers took the object of Islamic banking companies listed on the Indonesian Stock Exchange. The companies are as follows: PT. Bank Aladin Syariah Tbk, PT. Bank Syariah Indonesia Tbk, PT. Bank BTPN Syariah Tbk and PT. Bank Panin Dubai Syariah Tbk. This type of research uses descriptive quantitative using secondary data sources.The results of the study show that 2020-2021 shows healthy and stable results because the z-score for 2020-2021 is above 2.6 or Z-score > 2.6. That's why PT. Bank Aladin Syariah Tbk, PT. Bank Syariah Indonesia Tbk, PT. Bank BTPN Syariah Tbk and PT. Bank Panin Dubai Syariah Tbk must continue to apply the precautionary principle properly and continue to strive to improve the company's performance in order to avoid potential bankruptcy in the coming year, especially in the era of economic improvement after the Covid-19 pandemic
Analisis Perilaku Investor Perspektif Gender Dalam Pengambilan Keputusan Investasi di Pasar Modal Studi Kasus GI BEI UNIM Yuliasnita Verlandes; Agoes Hadi Purnomo; Nurdiana Fitri Isnaini
Bisman (Bisnis dan Manajemen): The Journal of Business and Management Vol. 6 No. 2 (2023): Juli 2023
Publisher : Program Studi Manajemen, Fakultas Ekonomi, Universitas Islam Majapahit, Jawa Timur, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37112/bisman.v6i2.2798

Abstract

The capital market is a market for various long-term financial instruments that are transacted, either in the form of debt or own capital, which is one of the sources for obtaining funds or capital for national development financing. The capital market as one of the national economic instruments has an intermediary function to bridge between those who have funds and those who need funds. With regard to gender, between men and women have different perspectives with men. Differences in perspectives in viewing and responding to decision-making problems experienced by women are no exception in terms of making investment decisions. The results of the study stated that both men and women have the same tendency in investing. Furthermore, what determines decision making in investing in the capital market is the aspect of education, income, employment and age.
Pengaruh Pembiayaan Murabahah, Musyarakah dan Mudharabah terhadap Profitabilitas Bank Muamalat Indonesia Periode 2020-2023 Anadila Defayana Putri; Yuliasnita Verlandes
Bisman (Bisnis dan Manajemen): The Journal of Business and Management Vol. 8 No. 1 (2025): Februari 2025
Publisher : Program Studi Manajemen, Fakultas Ekonomi, Universitas Islam Majapahit, Jawa Timur, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36815/bisman.v8i1.3751

Abstract

This study is motivated by the importance of bank profitability (ROA) influenced by the financing provided. The Islamic banking industry in Indonesia has grown rapidly, particularly since the establishment of Bank Muamalat Indonesia (BMI) in 1992 as the first Islamic bank in Indonesia. This research aims to determine the effect of Murabahah, Musyarakah, and Mudharabah financing on the profitability of Bank Muamalat Indonesia during the period of 2020–2023. A descriptive quantitative approach is employed, using secondary data from Bank Muamalat's quarterly financial reports for 2020–2023, which were published on BMI's official website. The data analysis includes classical assumption tests, multiple linear regression analysis, T-test, F-test, and the coefficient of determination. The results of this study show that Murabahah financing has a significant partial effect on profitability (ROA) with a significance value of 0.021, while Musyarakah financing does not have a significant effect on profitability (ROA) with a significance value of 0.167. Mudharabah financing has a significant effect on profitability (ROA) with a significance value of 0.036. Furthermore, the analysis of Murabahah, Musyarakah, and Mudharabah financing shows that, simultaneously, these types of financing have a significant effect on profitability (ROA), as evidenced by a significance value of 0.011. The coefficient of determination test results indicate that Murabahah, Musyarakah, and Mudharabah financing contribute 59% to profitability (ROA), while the remaining 41% is influenced by other variables outside of this study.
Pengaruh Profitabilitas Terhadap Nilai Perusahaan Dengan Ukuran Perusahan Sebagai Variabel Moderasi : Studi Perusahaan IDX Quality 30 Tahun 2021-2023 Adinda Dwimada Anggraeny; Rini Armin; Yuliasnita Verlandes
EKOMA : Jurnal Ekonomi, Manajemen, Akuntansi Vol. 4 No. 6: September 2025
Publisher : CV. Ulil Albab Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/ekoma.v4i6.11198

Abstract

Dalam dunia investasi, nilai perusahaan dianggap sebagai acuan penting yang memengaruhi pengambilan keputusan, sementara profitabilitas sering kali diposisikan sebagai faktor penentu utama dari nilai tersebut. Penelitian ini mengkaji bagaimana profitabilitas berdampak pada nilai perusahaan dengan memperhatikan ukuran perusahaan sebagai variabel yang berpotensi memoderasi hubungan tersebut. Studi ini mengambil sampel dari perusahaan yang tergabung dalam indeks IDX Quality 30 selama periode 2021–2023. Metodologi yang diterapkan adalah pendekatan kuantitatif, menggunakan regresi linier berganda dan Moderated Regression Analysis (MRA), dengan total 60 data observasi dari 20 perusahaan yang dipilih secara purposive. Hasilnya menunjukkan bahwasannya ROA tidak memberikan pengaruh signifikan terhadap nilai perusahaan, sementara ROE terbukti memiliki pengaruh positif dan signifikan. Ukuran perusahaan tidak memiliki efek moderasi terhadap hubungan ROA dengan nilai perusahaan, namun dapat memperlemah pengaruh ROE terhadap nilai perusahaan. Temuan ini menegaskan bahwasannya dampak profitabilitas terhadap nilai perusahaan tidak bersifat mutlak dan bisa berubah tergantung pada kondisi internal perusahaan, seperti ukuran. Dengan demikian, penelitian ini tidak hanya memperkaya kajian literatur keuangan tetapi juga menyediakan masukan praktis bagi investor dan manajer dalam mengambil keputusan strategis.
Pengaruh Peristiwa Politik Terhadap Return Saham (Studi Kasus LQ45 Sebelum Dan Sesudah Pemilihan Presiden 2024) Miranda Dwi Lestari; Hartono Hartono; Yuliasnita Verlandes
EKOMA : Jurnal Ekonomi, Manajemen, Akuntansi Vol. 4 No. 6: September 2025
Publisher : CV. Ulil Albab Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/ekoma.v4i6.11200

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh peristiwa politik, khususnya Pemilihan Presiden 2024, terhadap return saham pada perusahaan-perusahaan yang tergabung dalam indeks LQ45 di Bursa Efek Indonesia. Menggunakan metode event study dengan pendekatan market-adjusted model, penelitian ini memeriksa abnormal return saham selama periode jendela 10 hari sebelum hingga 10 hari setelah pemilu. Penelitian juga mengkaji pengaruh kapitalisasi pasar sebagai variabel moderasi. Teknik analisis data meliputi statistik deskriptif, uji normalitas Kolmogorov-Smirnov, uji beda (one-sample t-test), dan uji Wilcoxon sign-rank. Hasil penelitian menunjukkan bahwa meskipun uji Wilcoxon tidak menemukan perbedaan yang signifikan antara rata-rata abnormal return sebelum dan sesudah pemilu secara agregat, uji t harian menunjukkan adanya reaksi pasar yang signifikan pada hari-hari tertentu seperti H-1, H+1, H+5, dan H+7. Selain itu, kapitalisasi pasar tidak menunjukkan pengaruh yang signifikan terhadap pola reaksi pasar. Hal ini mencerminkan bahwa investor lebih merespons sentimen politik jangka pendek dibandingkan karakteristik fundamental perusahaan.
Pengaruh Profitabilitas dan Likuiditas terhadap Kebijakan Dividen Emiten Sektor Energi di Bursa Efek Indonesia Periode 2023-2024 Cantika Eka Sephia Nita; Hartono Hartono; Yuliasnita Verlandes
Trending: Jurnal Manajemen dan Ekonomi Vol. 4 No. 1 (2026): Januari : Trending: Jurnal Manajemen dan Ekonomi
Publisher : Universitas 45 Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30640/trending.v4i1.7753

Abstract

Dividend policy is a crucial financial decision that directly impacts firm value and investment attractiveness for shareholders. However, fluctuations in financial performance among energy sector issuers—frequently affected by global commodity price volatility—also influence their certainty in determining the amount of dividends to be distributed. Therefore, this study aims to empirically analyze and examine the relationship between profitability and liquidity and dividend policy in energy sector issuers listed on the Indonesia Stock Exchange (IDX) during the 2023–2024 period. This study adopts a quantitative approach using secondary data obtained from annual financial statements on the official IDX website. The population of this study encompasses all energy sector companies, from which 32 issuers were selected through purposive sampling based on predetermined criteria. The data were processed using multiple linear regression analysis via SPSS version 26 software. The results indicate that profitability and liquidity have a positive and significant effect on the dividend policy of energy sector companies. The implications of these findings encourage management to optimize operational performance and cash flow availability to ensure sustainable dividend distributions. Meanwhile, for capital market investors, these empirical results can serve as a strategic consideration when making investment decisions focused on dividend yield.
Pengaruh Media Sosial dan Live Streaming terhadap Minat Beli dengan Kepercayaan Konsumen sebagai Variabel Mediasi Auralia Dwi Hapsari; Eny Setyariningsih; Yuliasnita Verlandes
Trending: Jurnal Manajemen dan Ekonomi Vol. 4 No. 1 (2026): Januari : Trending: Jurnal Manajemen dan Ekonomi
Publisher : Universitas 45 Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30640/trending.v4i1.7758

Abstract

The massive digital transformation has reshaped the conventional marketing landscape into an online ecosystem, in which social media and live streaming features have become key instruments. This study aims to investigate the effects of social media and live streaming on consumers’ purchase intention, while also examining the mediating role of consumer trust as an intervening mechanism in the context of Laber’s Store on TikTok Shop, a footwear business that sold 1,825 products within four months of its operation since January 2026. This study employed a descriptive quantitative research design using Structural Equation Modeling–Partial Least Squares (SEM-PLS) analysis assisted by SmartPLS 3.0. Primary data were collected through questionnaires distributed to 200 Laber’s consumers on TikTok Shop using a purposive sampling technique. The independent variables were social media (X1) and live streaming (X2), consumer trust (Z) served as the mediating variable, and purchase intention (Y) served as the dependent variable. Each variable was measured using a five-point Likert scale. The results of the direct effect analysis indicate that social media has a positive and significant effect on purchase intention (T-statistic = 3.504; p = 0.001) and consumer trust (T-statistic = 5.923; p = 0.000). Live streaming also has a positive and significant effect on purchase intention (T-statistic = 3.261; p = 0.001) and consumer trust (T-statistic = 9.123; p = 0.000). Consumer trust has a positive and significant effect on purchase intention (T-statistic = 6.349; p = 0.000). The results of the indirect effect analysis demonstrate that consumer trust significantly mediates the relationship between social media and purchase intention (T-statistic = 5.240; p = 0.000), as well as the relationship between live streaming and purchase intention (T-statistic = 4.886; p = 0.000). Therefore, all seven research hypotheses are accepted. Social media and live streaming explain 47.3% of the variance in consumer trust, while the three variables collectively explain 54.9% of the variance in purchase intention. These findings indicate that increasing consumers’ purchase intention at Laber’s Store on TikTok Shop can be achieved more effectively when social media and live streaming strategies are able to establish consumer trust first.