Article Per Year (5 Year)
p-Index From 2020 - 2025
2.109
P-Index
This Author published in this journals
All Journal E-Jurnal Ekonomi dan Bisnis Universitas Udayana JAM : Jurnal Aplikasi Manajemen Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan DeReMa (Development Research of Management) Jurnal Manajemen AKRUAL: Jurnal Akuntansi DIJB (Diponegoro International Journal of Business) Jurnal Entrepreneur dan Entrepreneurship Jurnal Leverage, Engagement, Empowerment of Community (LeECOM) Jurnal Performa : Jurnal Manajemen dan Start-up Bisnis Inobis: Jurnal Inovasi Bisnis dan Manajemen Indonesia Journal of Economics Research and Social Sciences Parsimonia: Jurnal Akuntansi, Manajemen dan Bisnis Journal Community Service Consortium AMMA : Jurnal Pengabdian Masyarakat
Maichal Maichal
Universitas Ciputra
Humanities Chemistry Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Law, Crime, Criminology & Criminal Justice Materials Science & Nanotechnology Nursing Social Sciences Other

Published : 25 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 25 Documents
Search

 1   2   3 
ANALISIS KINERJA SAHAM ANTM DAN INCO SERTA HARGA KOMODITAS EMAS SEBELUM DAN SESUDAH PERANG RUSIA-UKRAINA Buntuborrong, Yunovisri Valenrio; Tumewa, Steven; Kandiawan, Emeline Aime; Maichal, Maichal
Parsimonia - Jurnal Ekonomi dan Bisnis Vol 12 No 1 (2025): Parsimonia: Jurnal Akuntansi, Manajemen dan Bisnis
Publisher : Ma Chung Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33479/parsimonia.v12i1.1198

Abstract

The Russia-Ukraine war has created uncertainty in the world economic situation, including Indonesia. This economic uncertainty has encouraged people to tend to make safe economic decisions that do not have high risks. Gold commodities are one of the main choices for people to secure their assets because the value of gold is stable even in the midst of economic uncertainty. The increase in demand for gold commodities when economic certainty occurs will affect the selling price of gold commodities and the stock performance of metal and mineral mining companies. Therefore, this study aims to determine the effect of the impact of the Russia-Ukraine war on the stock performance of metal and mineral mining companies and the price of gold commodities in Indonesia. The study was conducted quantitatively using PT Aneka Tambang Tbk (ANTM) and PT Vale Indonesia Tbk (INCO) as samples to determine the impact of the Russia-Ukraine war on the stock performance of metal and mineral mining companies in Indonesia. Gold commodities were selected as samples from the mining commodity population. The data used in this study were obtained by collecting secondary data sourced from the TradingView website and using SPSS software as an analysis tool. This study uses a different test method to determine the comparison of the performance of mining and mineral sector companies' stocks and gold commodity prices 3 months before and during the Russo-Ukrainian war. The results of the study indicate that there are significant and insignificant price differences before and during the Russo-Ukrainian war. The price difference between before and during the Russo-Ukrainian war indicates that there was an increase in prices after the peak of the Russo-Ukrainian war. This price difference indicates that the mining commodity sector was strongly affected by the war.
PENGARUH BRAND REPUTATION TERHADAP INTENTION TO APPLY DENGAN CREDIBILITY ON SOCIAL MEDIA SEBAGAI VARIABEL MEDIASI Leony Jaslin Irawan; Ferdianty Rosalynda Rante Tasak; Lavenia Horas; Maichal Maichal
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.14.NO.03.TAHUN.2025
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24843/EEB.2025.v14.i03.p02

Abstract

Penelitian ini bertujuan untuk memahami pengaruh reputasi merek (brand reputation) terhadap niat calon mahasiswa untuk mendaftar (intention to apply) di perguruan tinggi, dengan mempertimbangkan peran mediasi dari kredibilitas informasi yang diperoleh melalui media sosial (information credibility on social media). Dalam beberapa tahun terakhir, STIE Ciputra Makassar mengalami perubahan dalam minat peserta seleksi mahasiswa baru, meskipun berada di bawah naungan Grup Ciputra yang memiliki reputasi kuat dalam pendidikan kewirausahaan. Tantangan dalam menarik calon mahasiswa dapat disebabkan oleh persepsi masyarakat terhadap reputasi kampus dan bagaimana informasi mengenai institusi ini disampaikan serta diterima oleh calon mahasiswa. Penelitian ini menggunakan pendekatan kuantitatif dengan metode statistik untuk menganalisis data yang dikumpulkan melalui kuesioner dari 133 mahasiswa baru angkatan 2024. Analisis data dilakukan menggunakan SmartPLS 4 untuk mengidentifikasi pola hubungan antara variabel. Hasil penelitian menunjukkan bahwa reputasi merek berpengaruh positif dan signifikan terhadap kredibilitas informasi di media sosial, dan kredibilitas informasi di media sosial berpengaruh positif dan signifikan terhadap minat mendaftar. Dengan demikian, reputasi merek berpengaruh terhadap minat mendaftar, dengan kredibilitas informasi di media sosial bertindak sebagai mediator. Temuan ini menyoroti hubungan yang kuat antara faktor-faktor ini, yang menegaskan bahwa reputasi merek memengaruhi minat mendaftar melalui mediasi kredibilitas media sosial.
FINANCIAL RATIOS AND SPECULATIVE DYNAMICS IN THIRD-LINER STOCKS: EVIDENCE FROM THE INDONESIA STOCK EXCHANGE Franse franse; Ferryanto Pietoyo; Steven Yoel Purnama; Gabriel Goardy; Alexander Tyrone Liong; Maichal, Maichal
DeReMa (Development Research of Management): Jurnal Manajemen Vol. 20 No. 1 (2025): May
Publisher : Universitas Pelita Harapan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19166/derema.v20i1.9625

Abstract

This study investigates whether traditional financial ratios remain valid predictors of stock prices in speculative market environments, focusing on third-liner stocks listed on the Indonesia Stock Exchange (IDX) from 2012 to 2019. Using panel data regression with a Random Effect Model on 72 companies, the research evaluates the influence of liquidity (Current Ratio), solvency (Debt-to-Equity Ratio), activity (Total Asset Turnover), and profitability (Return on Equity) on stock prices. The results show that only profitability (ROE) and solvency (DER) significantly affect stock prices, while liquidity and activity do not. However, the explanatory power of these ratios is minimal (adjusted R² = 0.02), indicating that stock prices in this segment are largely shaped by speculative dynamics rather than fundamentals. These findings highlight the limitations of conventional financial analysis in high-risk, manipulation-prone markets. The study suggests the need for improved investor education, stricter regulatory oversight, and future research integrating behavioral and sentiment-based indicators to better capture price movements in speculative stocks. ABSTRAK DALAM BAHASA INDONESIA Penelitian ini mengkaji apakah rasio keuangan tradisional masih menjadi prediktor yang relevan terhadap harga saham dalam lingkungan pasar yang spekulatif, dengan fokus pada saham third-liner di Bursa Efek Indonesia (BEI) selama periode 2012 hingga 2019. Menggunakan regresi data panel dengan Random Effect Model pada 72 perusahaan, penelitian ini menganalisis pengaruh likuiditas (Current Ratio), solvabilitas (Debt-to-Equity Ratio), aktivitas (Total Asset Turnover), dan profitabilitas (Return on Equity) terhadap harga saham. Hasil penelitian menunjukkan bahwa hanya profitabilitas (ROE) dan solvabilitas (DER) yang berpengaruh signifikan terhadap harga saham, sedangkan likuiditas dan aktivitas tidak berpengaruh. Namun, daya prediksi (adjusted R²) hanya sebesar 0,02, menunjukkan bahwa harga saham pada segmen ini lebih banyak dipengaruhi oleh dinamika spekulatif daripada faktor fundamental. Temuan ini menyoroti keterbatasan analisis keuangan konvensional di pasar yang berisiko tinggi dan rawan manipulasi. Studi ini merekomendasikan peningkatan literasi investor, pengawasan regulasi yang lebih ketat, serta penelitian lanjutan yang mengintegrasikan indikator perilaku dan sentimen pasar untuk menangkap pergerakan harga secara lebih komprehensif.
ROLE MODEL AND ENTREPRENEURIAL PERFORMANCE: THE ROLE OF ENTREPRENEURIAL IDENTITY AND SELF-EFFICACY AS INTERVENING VARIABLE Efrata, Tommy Christian; Maichal, Maichal
Jurnal Aplikasi Manajemen Vol. 16 No. 1 (2018)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (114.089 KB) | DOI: 10.21776/ub.jam.2018.016.01.04

Abstract

This study aims to assess how the role of entrepreneurial identity and selfefficacy in mediating the relationship between the role model and entrepreneurial performance. The population selected in this study is students of UniversitasCiputra who have been running start-up business for 2 to 3 years, with the turnover of fewer than 4.8 billion per year. The results of this research indicate a pattern that connects the existence of a role model and entrepreneurial performance, where the influence is mediated by entrepreneurial identity and self-efficacy. The existence of a role model is proven to influence the formation of entrepreneurial identity. The more individuals perceive themselves as an entrepreneur, the higher their confidence in their ability in setting up and running a business. The high level of confidence in their ability that they will be successful will have a direct impact on the improvement in entrepreneurial performance.
Analysis of Banking Stock Performance Before, During, and After the COVID-19 Pandemic on the Indonesia Stock Exchange (IDX) Tompo, Cherilyn Cristine; Sidjaja, Derrick Nelson; Thenikusuma, Arnold; Maichal, Maichal
Journal of Economics Research and Social Sciences Vol. 9 No. 2: August 2025
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jerss.v9i2.24972

Abstract

This study analyzes the performance differences of Indonesia’s banking sector stocks, represented by the Infobank15 index, before, during, and after the COVID-19 pandemic. Using ANOVA and Post Hoc Testing, the study finds no significant differences in stock returns across these three periods despite the substantial economic disruption caused by the pandemic. Like other industries, the banking sector faced a downturn at the start of the pandemic but managed to recover. This finding underscores that the banking sector maintained stability across different periods due to the strong financial fundamentals, including consistent Non-Performing Loan (NPL) and Return on Assets (ROA) ratios throughout the pandemic. The government’s support, such as credit restructuring policies and digitalization of banking services, facilitated the sector’s adaptation to economic challenges, allowing for continued operations despite social restrictions. The study highlights that the banking sector’s ability to expand its digital services mitigated the crisis's immediate impacts and positioned it as an attractive option for investors seeking stability. This study offers insights for policymakers and adds to the literature on the banking sector’s resilience during global crises.
Co-Authors Alexander Tyrone Liong Buntuborrong, Yunovisri Valenrio Christian Budiman Urbanus Cindy Yoel Tanesia Cindy Yoel Tanesia Denny Bernardus Elia Ardyan Erwin Erwin Erwin Ferdianty Rosalynda Rante Tasak Ferryanto Pietoyo Firman, Afrizal Franse franse Franse, Franse Gabriel Goardy Gregorius Romaryo Tanubun Kandiawan, Emeline Aime Lavenia Horas Leony Jaslin Irawan Limputra, Samuel Elmer Maria Asumpta Evi Marlina Maria Bella Mattualy, Stephany Monalisa Monalisa Murry Harmawan Saputra Mustikarini, Carolina Novi Natali Ika Widjaya Pietoyo, Ferryanto Powell Gian Hartono Prayogo, Lionel Ricardo Sanapang, Gracela Marisa Sidjaja, Derrick Nelson St Salmah Sharon Steven Yoel Purnama Sulaowady, Patricia Syam, Asriah Syulhasbiullah, Muhammad Tanesia, Cindy Yoel Thenikusuma, Arnold Tommy Christian Efrata Tompo, Cherilyn Cristine Tony Antonio Tumewa, Steven Vicky Yaphyaputra Yudha, I Made Endra Kartika Yuyun Karystin Meilisa Suade Yuyun Karystin Meilisa Suade