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The Effect of Return on Assets, Return on Equity, Price Earnings Ratio, Debt to Equity Ratio, and Company Size on the Stock Prices of State-Owned Companies Listed on the IDX Septianto, Alif Fachrurrozi; Rahayu, Sri; Suryatama, Fajar
Dinasti International Journal of Economics, Finance & Accounting Vol. 7 No. 1 (2026): Dinasti International Journal of Economics, Finance & Accounting (March-April 2
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijefa.v7i1.6292

Abstract

This study aims to analyze the influence of Retun on Assets (ROA), Return on Equity (ROE), Price Earnings Ratio (PER), Debt to Equity Ratio (DER), and Firm Size on stock prices of State-Owned Enterprises (SOEs) listed on the Indonesia Stock Exchange (IDX) during the 2020-2024 period. A quantitative associative approach was employed to examine the causal relationship among variables using statistical analysis through SPSS version 25. The population consists of 31 SOEs, of which 27 companies were selected as the research sample using purposive sampling based on the availability of complete annual financial reports. Secondary data were collected through documentation from financial statements, annual reports, and official IDX publications. The findings reveal that ROA, PER, DER, and Firm Size have a positive and significant influence on stock prices, indicating that operational efficiency, market expectation, sound capital structure and larger business scale receive positive responses from investors. In contrast, ROE shows no significant effect suggesting that the return on equity is not a primary consideration for investors when evaluating SOE stock performance during the study period. Simultaneously, the examined variables explain 71,1% of the variation in stock prices, while the remaining 28,9% is influenced by factors outside the research model. The study is limited by the observation period and sample scope, therefore, future research is recommended to extend the analysis period and incorporate additional variables to obtain more comprehensive results.
The Effect of Liquidity, Company Size, Leverage, and Company Age on Profitability (Case Study on Telecommunication Company) Sabilillah, Restu Ajeng; Rahayu, Sri; Suryatama, Fajar
Dinasti International Journal of Economics, Finance & Accounting Vol. 7 No. 1 (2026): Dinasti International Journal of Economics, Finance & Accounting (March-April 2
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijefa.v7i1.6295

Abstract

This study examines the effect of liquidity, leverage, firm size, and firm age on profitability, with a case study of telecommunications companies listed on the Indonesia Stock Exchange. The telecommunications industry is characterized by rapid technological development and intense competition, which requires firms to manage their financial resources efficiently in order to maintain sustainable profitability. This research employs a quantitative approach using secondary data obtained from annual financial statements over a five-year observation period. The sample is selected through purposive sampling, and the data are analyzed using multiple linear regression supported by classical assumption testing. The results indicate that liquidity and firm size have a significant effect on profitability, suggesting that effective management of short-term assets and an optimal scale of operations contribute positively to financial performance. In contrast, leverage and firm age do not show a significant influence on profitability, indicating that higher debt levels and longer operational experience do not necessarily increase profit generation in telecommunications firms. Overall, the findings highlight the importance of internal financial efficiency in improving profitability. This study provides valuable insights for corporate management and investors in formulating sound financial strategies within the telecommunications sector.
Pengaruh Fitur Aplikasi, Dukungan Organisasi, dan Keadilan Kompensasi terhadap Kepuasan Kerja Driver Maxim di Kabupaten Semarang Wulandari, Adelia; Suryatama, Fajar; Supraptini, Nunuk
RIGGS: Journal of Artificial Intelligence and Digital Business Vol. 5 No. 1 (2026): Februari - April
Publisher : Prodi Bisnis Digital Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/riggs.v5i1.7048

Abstract

Pertumbuhan platform transportasi daring di Indonesia tidak selalu diikuti oleh peningkatan kesejahteraan mitra pengemudi. Salah satu fenomena tersebut terlihat pada driver Maxim di Kabupaten Semarang yang masih menghadapi berbagai permasalahan operasional, seperti kendala sistem aplikasi, kurangnya dukungan perusahaan, serta persepsi ketidakadilan dalam pembagian insentif. Kondisi ini berdampak pada tingkat kepuasan kerja mitra pengemudi dan berpotensi menurunkan loyalitas serta kinerja mereka secara berkelanjutan. Sementara itu, penelitian yang secara khusus mengkaji pengaruh fitur aplikasi, dukungan organisasi, dan keadilan kompensasi terhadap kepuasan kerja driver Maxim di Kabupaten Semarang masih tergolong terbatas. Oleh karena itu, penelitian ini bertujuan untuk menganalisis pengaruh ketiga variabel tersebut terhadap kepuasan kerja mitra pengemudi. Penelitian ini menggunakan pendekatan kuantitatif asosiatif dengan jumlah responden sebanyak 96 orang yang ditentukan melalui rumus Lemeshow dan teknik purposive sampling. Data dikumpulkan menggunakan kuesioner dengan skala Likert 1–5 dan dianalisis melalui metode SEM-PLS menggunakan bantuan SmartPLS versi 4.1.1.7. Hasil analisis menunjukkan bahwa seluruh indikator penelitian memenuhi kriteria validitas dan reliabilitas. Nilai R-Square sebesar 0,789 menunjukkan bahwa fitur aplikasi, dukungan organisasi, dan keadilan kompensasi mampu menjelaskan 78,9% variasi kepuasan kerja. Secara parsial, ketiga variabel tersebut berpengaruh positif dan signifikan, dengan dukungan organisasi sebagai faktor paling dominan, diikuti keadilan kompensasi dan fitur aplikasi. Temuan ini menegaskan pentingnya optimalisasi sistem aplikasi, keadilan kompensasi, serta peningkatan dukungan perusahaan secara konsisten dan berorientasi pada kesejahteraan mitra.