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All Journal Jurnal Investasi Islam Sustainable : Jurnal Akuntansi Journal of Accounting Research, Organization and Economics (JAROE)
Rizki Putri Nurita Fonna
Universitas Syiah Kuala
Economics, Econometrics & Finance Social Sciences

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Corporate Factors Influencing Holding Period of Stock: An Analysis of Market Capitalization Threshold Rizki Putri Nurita Fonna; Yossi Diantimala; Riha Dedi Priantana
Journal of Accounting Research, Organization and Economics Vol 5, No 3 (2022): JAROE Vol. 5 No. 3 December 2022
Publisher : Universitas Syiah Kuala

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/jaroe.v5i3.30592

Abstract

Objective – This study examines the effect of corporate factors on holding period of common stock. The main corporate factors tested are information asymmetry, firm value, earnings per share, and other corporate factors– profitability, company size, leverage, and liquidity–are selected as control variables.Design/methodology – The samples consist of 876 observations of companies listed on the Indonesia Stock Exchange for 2017-2020. Samples were grouped using the threshold method based on their market capitalization to capture the different impacts based on certain conditions. To examine the hypotheses, we employed multivariate analysis with the threshold method.Results – The results show that market capitalization contributes to determining the corporate factors' effect on the holding period of stock. Simultaneously, corporate factors affect significantly the holding period of stock. The increases in firm value, earnings per share, profitability, leverage, and corporate size extend the holding period. However, the emergence of information asymmetry precisely motivates investors to accelerate the holding period.Research limitations/implications – This research did not consider the impact of the Covid 19 pandemic on data even it used data for 2020 (at the onset of pandemic). For future reseach, we suggest to consider the issue of the Covid 19 pandemic in examining the effect of corporate factors on holding period of stock.Novelty/Originality – This study differentiates the samples based on their capitalization value as the novelty. Previous research did not classify the sample based on its capitalization value so large-value stocks are treated the same as small-value stocks. Actually, investors treat these three groups of stocks in different ways
Interaksi Struktur Modal, Ukuran Perusahaan, dan Kepemilikan Manajerial terhadap Nilai Perusahaan: Peran Moderasi Kepemilikan Institusional Juanda Surya; Fitriani Prastiawati; Abdul Malik Fajri; Rizki Putri Nurita Fonna; Chairanisa Natasha Miraza
SUSTAINABLE Vol 6 No 1 (2026): Volume 6, No. 1, Mei 2026
Publisher : UMSurabaya Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/stb.v6i1.31211

Abstract

This study investigates the effect of capital structure, firm size, and managerial ownership on firm value, with   institutional ownership as a moderating variable. Using a quantitative approach, the study analyzed secondary data from companies listed on the Indonesia Stock Exchange (IDX) during 2018–2023. A total of 638 firm-year observations were selected through purposive sampling and analyzed using the SEM-PLS method. The findings show that capital structure does not significantly affect firm value, indicating that debt levels are not the main consideration for investors. Meanwhile, firm size and managerial ownership have a significant negative effect on firm value, suggesting that larger companies and higher managerial ownership may indicate inefficiency or managerial entrenchment. In addition, institutional ownership does not moderate the relationship between capital structure and managerial ownership on firm value. The study concludes that internal company factors play a more dominant role in determining firm value than external monitoring mechanisms
The Role of Corporate Governance in Enhancing the Financial Performance of Artificial Intelligence Companies Worldwide Muhammad Reza Septriawan; Zuliana Zulkarnen; Rizki Putri Nurita Fonna; Fitrian Rizky
Jurnal Investasi Islam Vol. 11 No. 2 (2026): Jurnal Investasi Islam (JII)
Publisher : FEBI IAIN Langsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32505/jii.v11i2.16169

Abstract

Financial performance represents a fundamental benchmark for ensuring long-term business sustainability, particularly within the rapidly expanding, capital-intensive, and innovation-driven global Artificial Intelligence (AI) industry. While competitive pressures and financing decisions are widely acknowledged as determinants of profitability, there remains a notable research gap concerning the interaction between market mechanisms, debt structures, and corporate governance in AI firms that require substantial capital investment. This study is designed to investigate the effects of Product Market Competition (PMC), capital structure, and leverage on financial performance, while simultaneously assessing the moderating role of corporate governance in AI companies worldwide. The research population comprises 13 global AI firms, all of which are included as a census sample. Employing a quantitative approach, the study utilizes secondary data extracted from financial statements covering the period 2020–2024. Analytical techniques involve panel data regression and Moderated Regression Analysis (MRA), conducted with the assistance of Stata 19 software. The empirical findings reveal that both PMC and leverage exert a positive and statistically significant influence on financial performance, whereas capital structure does not demonstrate a significant effect. Furthermore, moderation analysis indicates that corporate governance strengthens the impact of capital structure and leverage on financial outcomes. However, governance does not moderate the relationship between PMC and financial performance, largely due to the strong substitutive role of external market discipline.
Co-Authors Abdul Malik Fajri Chairanisa Natasha Miraza Fitrian Rizky Fitriani Prastiawati Juanda Surya Riha Dedi Priantana Septriawan, Muhammad Reza Yossi Diantimala Zuliana Zulkarnen