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The impact of green finance on profitability with credit risk as an intervening variable Afifah Afifah; Erna Listiana; Wendy Wendy; Mustarudin Mustarudin; Giriati Giriati
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.170

Abstract

Sustainable Development Goals (SDGs) have become a global concern and have touched various industrial sectors. Through the application of green finance in the financial industry, green credit is provided by banks to support the sustainability of business projects based on environmental sustainability as determined in the Sustainability in the Sustainable Business Activity Category (KKUB) by OJK. On the other hand, as profit-oriented companies, banks need to consider how it impacts credit risk and banking profitability. Using credit risk as an intervening variable, this study seeks to establish the correlation between green finance and profitability of banks listed on the Indonesia Stock Exchange. This research uses the path analysis method and a quantitative study using the financial statements of banks that apply green finance for 2018-2022. The result shows that green lending (green finance) positively affects credit risk and negatively impacts bank profitability. Other result shows that credit risk can mediate the development of green lending on profitability.
The influence of debt equity ratio and times interest earned ratio through return on assets on banking companies’ share price Sandika Utama; Bintoro Bagus Purmono; Helma Malini; Mustarudin Mustarudin; Wendy Wendy
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.177

Abstract

The financial performance of a company significantly influences its valuation, reflected in share prices and serving as a comprehensive measure of overall health and profitability. This research delves into the intricate interplay of microeconomic and macroeconomic environments on a company's performance, focusing on the Debt Equity Ratio (DER) and Times Interest Earned (TIE) as key determinants of stock prices in banking institutions. The mediating role of Return On Assets (ROA) is considered in this analysis. Employing the multiple regression statistical method, the study aims to reveal the relationships between independent and dependent variables while accommodating intervening variables. The objective is to present empirical data supporting formulated hypotheses, providing valuable insights into the financial dynamics of banking institutions.
Does dividend policy mediate liquidity and profitability on firm value ? Mariana Oktasia; Wendy Wendy; Anwar Azazi; Yulyanti Fahruna; Arman Jaya
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.182

Abstract

This research aims to analyze the effect of liquidity and profitability on firm value mediated by dividend policy. This research employs the panel data regression analysis method by employing Eviews 12. This research analyzes 19 companies on the LQ45 index during 2018-2022, which were selected using a non-probability purposive sampling method. The data source in this research is secondary data obtained through the Indonesia Stock Exchange (IDX) website and several company websites selected as samples for this research. The findings of this research indicate that liquidity (CR) doesn't have any influence on dividend policy (DPR), profitability (ROE) has a negative effect on dividend policy (DPR), liquidity (CR) and profitability (ROE) have a positive impact on firm value (PBV). However, dividend policy (DPR) doesn't influence firm value (PBV). In addition, the findings of this research also indicate that dividend policy (DPR) can not be a mediator in the interaction between profitability (ROE) and liquidity (CR) with firm value (PBV).
Herding behavior, disposition effect & investment decision: Testing the role of risk perception Khairunnisa Khairunnisa; Heriyadi Heriyadi; Wendy Wendy; Ilzar Daud; Rizani Ramadhan
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.189

Abstract

This study explores how herding behavior, disposition effect, and risk perception affect the investment decisions of college students, with risk perception as a moderating variable. The survey involved selecting 210 respondents using a purposive sampling technique. This research examined the association between independent and dependent variables using AMOS and SPSS to test the hypotheses. The Structural Equation Model (SEM) test results show that risk perception is not a moderating factor in the relationship between herding behavior and investment decisions. How individuals perceive risk can impact how the disposition effect influences investment decisions. The study’s findings indicated that herding behavior, the disposition effect, and risk perception strongly impact investment decisions.
Leverage, profitability, liquidity, and bond ratings: Testing the effects of company size interactions Marseliana Marseliana; Maria Christiana Iman Kalis; Wendy Wendy; Mustarudin Mustarudin; Girang Permata Gusti
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.190

Abstract

Bond ratings are a source of legal insurance for investors in reducing the possibility of default risk and measuring the risk of traded bonds. In this research, we examine the influence of leverage, profitability, liquidity, and company size as moderating variables on the ratings of bonds listed on the IDX. This type of research is casual with the population being manufacturing companies registered on the IDX from 2018 to 2022. Meanwhile, the research sample was determined using a purposive sampling method so that 20 sample companies were obtained. The data analysis techniques used in this research are descriptive statistical analysis, logistic regression analysis, simultaneous tests, and partial tests. Based on data processing using logistic regression, it is proven that leverage and profitability influence bond ratings with positive results. At the same time, liquidity does not significantly influence bond ratings. Leverage and liquidity, after being moderated by company size, do not significantly affect bond ratings, while profitability moderated by company size has a significant effect on bond ratings.
The effect of operating capacity and leverage on financial stability: Testing the interaction of coporate governance Amanda Dwi Damayanti; Erna Listiana; Wendy Wendy; Mustarudin Mustarudin; Uray Ndaru Mustika
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.192

Abstract

Financial stability is a picture of the unstable financial condition of a company that can allocate its financial resources to prevent interference with the financial system. This study examines the influence of leverage variables and operational capacity on corporate financial stability in the property and real estate industries, with corporate governance factors as moderation. The data used is the annual Property and Real Estate Companies report on the Indonesian Stock Exchange for 2018-2022. The study involved 91 companies as a population, and 22 samples were taken over a five-year analysis period. Data analysis using panel data regression with E-Views 12 as software. Financial stability is affected positively and significantly by Operational Capacity, while Corporate Governance and Financial Stability are affected negatively and significantly by Leverage. That can explain the importance of financial stability in a company so that it can continue to survive and thrive. This research aims to give readers and stakeholders insight into Financial Stability in the real estate sector, thus minimizing the risk of financial difficulties in a company. Further research needs to add relevant variables and expand research objects.
The role of dividend policy as an intervening variable in the influence of financial fundamental factors on blue chip stock returns Resta Maulita Angreani; Ahmad Shalahuddin; Helma Malini; Giriati Giriati; Wendy Wendy
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.193

Abstract

The climate of investment plays a crucial role in the economic structure, where investors seek stocks from companies with a large market capitalization as market leaders because it reflects substantial company growth with relatively low risks. This study is essential as an investor analysis of evaluating the financial condition of a company and assessing the company's ability to survive long-term investment, as well as projections on how to understand the potential of dividend policy in distributing profits. This study will use Software Eviews 12 with multiple regression analysis panel data to test the hypothesis and the intervening variable. The sample data consists of 22 LQ45’s index blue chip companies listed on the IDX 2018-2022 period using a Purposive Sampling approach. Based on the research analysis EPS is not significant for dividend policy, PER has a significant impact on dividend policy, PBV does not impact dividend policy, EPS and PER both have a positive impact on stock returns. PBV, on the other hand, has a negative and significant effect on stock returns. Furthermore, PBV has a negative and significant effect on stock returns. Moreover, dividend policy significantly influences stock returns negatively. Additionally, dividend policy cannot mediate the EPS, PER, and PBV variables on stock returns.
MARKET REACTION TO THE INCRAESE IN FUEL OIL (BBM) PRICES IN 2022: EMPIRICAL STUDY ON MANUFACTURING COMPANIES LISTED ON THE INDONESIAN STOCK EXCHANGE (BEI) Nanda Nanda; Heriyadi Heriyadi; Wendy Wendy; Mustarudin Mustarudin; Mazayatul Mufrihah
Jurnal Ekonomi Vol. 12 No. 04 (2023): Jurnal Ekonomi, 2023
Publisher : SEAN Institute

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Abstract

The main goal of this research is to assess the influence of the 2022 rise in fuel oil (BBM) prices on the manufacturing companies listed on the Indonesia Stock Exchange (IDX). This research methodology consists of a Mann-Whitney U-Test and an event study. The selection for this study consists of manufacturing companies that are publicly listed on the Indonesia Stock Exchange (IDX). The research incorporates the following variables: trading volume activity (TVA), abnormal return, stock price, and stock trading frequency. The observation period is comprised of the time between the event period and the estimation period. The event period encompasses the five days preceding, one day during, and five days following the BBM fee increase. The Market Model uses the estimation period to calculate the expected return. The results of this research indicate a statistically significant variation in the abnormal return; however, no such distinctions are observed in the stock price, TVA, or stock frequency.
SALES GROWTH, LIQUIDITY, LEVERAGE AND FINANCIAL DISTRESS: TESTING THE INTERACTION EFFECT OF PROFITABILITY Muhamad Dafa Ilhani Salim; Rizky Fauzan; Wendy Wendy; Mustarudin Mustarudin; Uray Ndaru Mustika
Jurnal Ekonomi Vol. 12 No. 04 (2023): Jurnal Ekonomi, 2023
Publisher : SEAN Institute

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Abstract

Financial Distress is an important issue and requires deep attention, especially in the Consumer Goods Industry with high competition. This quantitative research aims to test the impact of Sales Growth, Liquidity, and Leverage on Financial Distress with Profitability as moderation. The research data was collected from companies listed on the Indonesian Stock Exchange (IDX) and then tested using logistical regression analysis techniques. Research results show that Leverage influences Financial Distress. In addition, Profitability can also moderate the influence of Liquidity and Leverage on Financial Distress. Other findings suggest that Sales Growth and Liquidity do not affect Financial Distress when tested in person. Thus, this research confirms the role of Profitability as moderation.
The Role of Financial Literacy and Entrepreneurial Orientation on MSME Sustainability: The Mediating Effect of E-Commerce Endang Kristiawati; Giriati; Wendy; Helma Malini
AJARCDE (Asian Journal of Applied Research for Community Development and Empowerment) Vol. 8 No. 2 (2024)
Publisher : Asia Pacific Network for Sustainable Agriculture, Food and Energy (SAFE-Network)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29165/ajarcde.v8i2.383

Abstract

MSMEs play an important role, but there are still many problems to improve their performance. The effect of financial literacy and entrepreneurial orientation on general performance is the purpose of this study. This research was conducted at MSMEs in Pontianak City and Singkawang City. The research method used is descriptive quantitative. Quantitative research is an attempt by a researcher to gain knowledge by providing data in the form of numbers which will then be used to analyze information. The data used in this research is primary data. The soil test results show that the significance value of the two-tailed test is 0.00 <0.05, so e-commerce can mediate the effect of financial literacy on MSME performance. The Sobel test results also show that the significance value of the two-tailed test is 0.00 <0.05, so e-commerce can mediate the effect of Entrepreneurial Orientation on MSME performance. Understanding financial literacy and the use of e-commerce will help MSMEs manage their finances and leverage business opportunities more effectively, as well as make it easier to access financial resources needed for business sustainability.
Co-Authors Achmadi Achmadi Ade Elbani Ade Mirza Afifah Afifah Afrizal - agustin, isnaini nuzula Agustina Listiawati Agustina, Dela Ahmad Shalahuddin Ahmad Shalahuddin, Ahmad Aini Nurul Aktris Nuryanti, Aktris Alhadiansyah Alisa, Alisa Alya Asyura Amanda Dwi Damayanti Amanda, Zhakia Putri Ana Fitriana Andi Ihwan Anggraini Syahputri Anwar Azazi Anwar Azazi Arman Jaya Asep Nursangaji Aswandi - Bagus Purmono, Bintoro Bintoro Bagus Purmono Bistari Budiman Sutrisno Candy, Candy Chaniago, Sheren Rahmawati Clarissa Fransisca Daud, Ilzar Dedi Hariyanto Deri Apriadi Dwi Zulfita Edy Suasono Eka Purwanda Elly Suharlina Elvi Yuli Machmudah Endang Kristiawati Ericko, Ericko Erna Listiana Erni Djun Astuti Eva Dolorosa Fahruna, Yulyanti Fajar Fajar Fifani Anggraini, Cinthia Fitri Imansyah Girang Permata Gusti Giriati Giriati Giriati Giriati Giriati Giriati Giriati Giriati, Giriati Hadary, Ferry Halimah, Putri Hamdani - Harry Setiawan Hasanudin Hasanudin Helma Malini Helma Malini Helma Malini, Helma Heni Safitri Heni Safitri Heriyadi Heriyadi Heriyadi Heriyadi Heriyadi, Heriyadi Herry Sujaini Ilzar Daud Imam Ghozali Irdhayanti, Efa Ismawartati - Jennifer Wirawan Jogiyanto Hartono Juniwati Juniwati Kalis, Maria Christiana Iman Kalista, Apriwina Yulita Khairunnisa Khairunnisa Kurnia, Depi Kurniawan, Johannes Lestari, Ega Dwi Lestari, Eko Budi Liana, Ana LIANTI, LIANTI LISTIANA SRI MULATSIH Lucky P, Muhammad Mandjar, Sherlla Merlinda Laurencia Maria Christiana Iman Kalis Mariana Oktasia Marseliana Marseliana Marwan Asri Mazayatul Mufrihah B11212091 Meilisa Alvita Meiran Panggabean Meisa, Meisa Memet Agustiar Mita Mita, Mita Mochammad Meddy Danial Muanuddin - Muhamad Dafa Ilhani Salim Muhamad Risal Tawil Muhammad Afif Muhammad Yusuf Muhsin Muhsin Mustaruddin Mustaruddin Mustaruddin Mustarudin Mustarudin Mustarudin Mustarudin Mustika, Uray Ndaru Muzasti, Riri A. Nanda Nanda Nanda Novita, Nanda Ndaru Mustika, Uray Nelly, Apri Yeni Ningsih, Kurnia Ningsih, Welly Putri Nurmainah - Oviska, Astrid Pangestu, Gavin Satria Permata Gusti, Girang Phengdrawan, Jonassen Precillia, Cecillia Angelica Priyo Saptomo Purba, Tiurniari Purwaningsih - Rachmawati Rahmidiyani - Ramadania Ramadania Ramadania Ramadania, Ramadania Ratna Herawatiningsih Rayenda Khresna Brahmana Resta Maulita Angreani Riduansyah - Risal Ristati, Ristati Rizani Ramadhan Rizky Fauzan Rommy Patra Rosari, Carviena Alia Samsaga, Fika Angry Sandika Utama Sapitri, Elsi Nanda Setia Budi Sholva, Yus Sianturi, Rosita Naomi Silvia Uslianti Siti Hadijah Siti Halidjah Stepanus Sahala Sitompul Surachman - Sutrisno, Budiman Sy. Hasyim Azizurrahman Syahbandi Syahbandi Syahputri, Anggraini Syaifurrahman Syaifurrahman Syamswisna , Tarigan, Radar R. Theliya, Theliya Theodora, Cindy Tri Wiyono Kurnianto Uray Ndaru Mustika Uray Ndaru Mustika Utami, Eva Yuniarti utari, Della Uti Asikin Vennerico, Nextcell Winoto Vivi Bachtiar Vylexta, Vicella Vyrcellica Wahyuni, Adinda wijaya, dwi nova Winanda Epriyanti Windhu Putra Witarsa - Wowor, Wulan Meiaya Wulansari, Dinda Marsela Yankhi, Yankhi Yasin, Maulana Yen, Siau Yohanes Gatot Sutapa Yuline - Yulis Jamiah Yulyanti Fahruna Zubaidah R