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Journal : Business and Entrepreneurial Review

THE EFFECT OF PROFITABILITY RATIO, SOLVABILITY RATIO, MARKET RATIO ON STOCK RETURN Febria Nalurita
Business and Entrepreneurial Review Vol. 15 No. 1 (2015): Volume 15. Number 1, October 2015
Publisher : Universitas Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (920.62 KB) | DOI: 10.25105/ber.v15i1.2080

Abstract

This research performed in order to test influence of fundamental factor (ROA, DER and PER) on stock return both simultaneously and partially, on Property, Real Estate and Construction companies that listed in Indonesia Stock Exchange for period 2010-2014.Secondary data is used and collected based on time series and cross section from 2010 up to 2014. The total study sample was 38 Property, Real Estate and Construction companies that is determined through purposive sampling. The research uses panel data regression model and processed with the EVIEWS 9 program. Hausman test used in this study shows Random Effect Model (REM) as data estimation technique.The result of this research, the partial inferred Debt to Equity Ratio (DER)have significant effect on stock return. Return on Asset (ROA) and Price Earning Ratio (PER) don’t have significance effect on stock return. Result of this research indicate that fundamental factor performance Debt to Equity Ratio (DER) used by investor to predict stock return of Property, Real Estate and Construction companies that listed in Indonesia Stock Exchange at period 2010-2014.Simultaneously the fundamental factors Return on Assets (ROA), Debt to Equity Ratio (DER) and Price Earning Ratio (PER) significantly effect the stock return on the Property, Real Estate and Construction companies.The sample in this study only Property, Real Estate and Construction companies that only has a specification in the type of business sample firms, then the influence of the independent variables only describe the affect specifically on the Property, Real Estate and Construction sectors.
IMPACT OF EPS ON MARKET PRICES AND MARKET RATIO Febria Nalurita
Business and Entrepreneurial Review Vol. 15 No. 2 (2016): April 2016
Publisher : Universitas Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (398.886 KB) | DOI: 10.25105/ber.v15i2.4629

Abstract

In this paper the researchers have made an attempt to examine the impact of Earnings Per Share on the MarketPrices, Price-Earning-Ratio and Price to Book Value. In the study, the researchers have taken into consideration twenty-four companies which represent Property and Real Estate industry. A reference period of seven years has been taken from 2009 to 2015. In order to achieve the objectives of the study, regression data panel has been employed and the findings put forth by the study affirmed that on the one hand there exists a positive relationship between earnings per share and market price of shares and on the other hand earnings per share does not statistically influence the market ratio. We suggest that investors must consider other factors as well as EPS in order to invest in the security market
DETERMINATION OF CAPITAL STRUCTURE FACTORS: EVIDENCE FROM BUILDING CONSTRUCTION INDUSTRIES IN INDONESIA Febria Nalurita
Business and Entrepreneurial Review Vol. 17 No. 1 (2017): APRIL 2017
Publisher : Universitas Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (714.572 KB) | DOI: 10.25105/ber.v17i1.5093

Abstract

Research has contributed to testing the Determinants of Capital Structure: Evidence from the Building Construction Industry in Indonesia, in the period 2008-2015.Secondary data used is based on time series data and cross section. Through the purposive sampling method, the total sample selected are 6 construction construction companies and used panel data regression analysis techniques that are processed with programEVIEWS 9. From the Chow test and Hausman test results show that as a data estimation technique used is the Fixed Effect model.Five independent variables in this study, which resulted in an analysis that partially profitability and liquidity had a significant effect on leverage. The results of this empirical study indicate that there is strong evidence to support the pecking order theory by building construction companies based on variable liquidity determinants of capital structure, and profitability variables are also very supportive for the trade-off theory relationship. Firm size, tangibility and non-debt tax shield have no significant effect on leverage.Together, firmsize factors, profitability, tangibility, non-debt tax shields and liquidity significantly influence the leverage of building construction companies. So, based on the trade-off theory, optimal leverage is a balance between tax benefits from debt and bankruptcy costs and agency costs incurred by the company.The sample in this study is only building construction companies so that they only have specifications in the type of business of the sample company, so the influence of the independent variables (only) only describes the specific influence in the building construction sector.
Financial Management Behavior for E-Wallet Users in Jabodetabek Febria Nalurita; Farah Margaretha Leon; Muhammad Nisfiannoor
Business and Entrepreneurial Review Vol. 22 No. 2 (2022): October
Publisher : Universitas Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (629.675 KB) | DOI: 10.25105/ber.v22i2.13951

Abstract

This study aims to investigate the impact of financial knowledge, financial attitudes, and internal locus control on financial management behavior with the moderating role of financial risk tolerance. In addition, to analyze the effect of financial knowledge on financial management behavior mediated by financial attitudes. The data collected comes from e-wallet users in Greater Jakarta therefore the sample obtained was 350. Data collected through surveys, tested through validity and reliability tests. Furthermore, hypothesis testing using Structural Equation Modeling. The findings of this study were financial knowledge, financial attitudes, and internal locus control had a significant influence on financial management behavior. It was also found that financial knowledge had an impact on financial attitudes. Financial risk tolerance significantly moderates the relationship between internal locus control and financial management behavior. In addition, it can be proven that financial attitudes mediate the relationship between financial knowledge and financial management behavior. The implication of this research is to help the public, especially electronic wallet users, to be more responsible in financial management behavior and to be able to make wise decisions in their financial expenditures. Meanwhile, policymakers can be more aggressive in conducting financial education programs for the public so that people have more in-depth financial knowledge, especially when using digital financial applications such as e-wallets that continue to grow.
The Effect of Credit Risk Management, Bank-Specific Factors, and Corporate Social Responsibility on the Financial Performance of Banks in Indonesia Putri, Agissa Ardania; Nalurita, Febria; Hamdy
Business and Entrepreneurial Review Vol. 24 No. 2 (2024): October
Publisher : Universitas Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25105/v24i2.21445

Abstract

This research aims to analyze the effects of credit risk management measured by NPL and CAR, bank-specific factors measured by CER and LDR, CSR, and bank size on the financial performance of public banks listed in the BEI 2017-2022 period. Sample in this research as many 27 Public Bank with a total of 162 observations and the technique of sampling used purposive sampling. The analysis data method used regression panel data with the e-views program. The results of this research show that credit risk management with measured NPL has a negative significant effect on financial performance with measured NPM, while credit risk management measured by CAR has a positive significant effect on financial performance. Bank Specific Factors measured by CER and LR have a negative and significant effect on financial performance, while CSR has no effect on financial performance and Bank Size has a positive and significant effect on financial performance. Investors can use the results of this study to analyze the management of banking management and become a consideration in making investment decisions. Improving the financial performance of the bank can be enhanced through a focus on risk management, cost efficiency, and liquidity, which enables management to carry out better performance management.
The Effects of Working Capital Management, Liquidity, Sales Growth and Leverage on Profitability Moderated by Firm Size Rakhmawati, Ayu; Nalurita, Febria; Hady, Hamdy
Business and Entrepreneurial Review Vol. 24 No. 2 (2024): October
Publisher : Universitas Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25105/v24i2.21446

Abstract

This study aims to the effects of working capital management, liquidity, sales growth, and leverege with size as moderating variable. This study uses desaigned hypothesis testing. Data collection uses secondary data in the form of annual financial reports from IDX consumer goods for five years 2018-2023. The sampling technique used purposive sampling and many as 45 sample companies were obtained with 225 observations. While the data analysis technique used in this study is data panel analysis with e-views 10. The results the research show that there’s effects significant negative working capital management being proxyd with cash conversion cycle toward profitability. Liquidity and leverage does not show significant effect toward profitability. Sales growth has effect significant positive toward profitability. Firm size proved to be moderation and weakened the effect management working capital and leverage significantly toward profitability. Firm size have not proven to be moderation from effect liquidity and sales growth toward profitability at consumer goods companies in Indonesian stock exchange. The implication of this research is that company managers must be able to manage cash efficiently so that production capital can be recovered quickly. Managers must also create effective sales strategies to increase company profits. While before investors invest, it is very necessary to be observant in evaluating financial performance, company liquidity, sales levels and company growth to secure their investments.