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Analisis Faktor Internal Yang Mempengaruhi Underpricing Saham Pada Initial Public Offering (Studi Perseroan Go Public di BEI Januari- Desember 2019) Jufri Yandes; Destiana Destiana
Sang Pencerah: Jurnal Ilmiah Universitas Muhammadiyah Buton Vol 9 No 2 (2023): Sang Pencerah: Jurnal Ilmiah Universitas Muhammadiyah Buton
Publisher : Lembaga Jurnal dan Publikasi Universitas Muhammadiyah Buton

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35326/pencerah.v9i2.2983

Abstract

This study was carried out to examine internal factors that determine the underpricing value of shares in the initial public offering on the IDX (Indonesia Stock Exchange) for the period January – December 2019. These internal factors consist of ROA (Return on Asset) and ROE (Return on Equity). This study is quantitative, and uses the explanatory research type of study, and uses the purposive sampling method in determining the sample. The sample used was 32 issuers during the period January – December 2019. The method used in this study is hypothesis testing including multiple linear regression analysis using the help of the Statistical Program for Social Science (SPSS). The database used in this study is a prospectus data published by issuers that will go public in collaboration with underwriting companies. The results of the study partially showed that the variables ROA (Return on Asset) and ROE (Return on Equity) did not have a significant effect on the underpricing value of IPO shares, and simultaneously the variables ROA (Return on Asset) and ROE (Return on Equity) together had a significant effect on the underpricing of IPO shares, where the coefficient results were negative in the underpricing value of IPO shares, which means that the greater the variables ROA (Return on Asset) and ROE (Return on Equity) then The underpricing value of the stock will decrease further.
Fluktuasi Nilai IHSG: Dampak Kondisi Inflasi Tahun 2023 di Indonesia Jufri Yandes; Destiana Destiana; Ridha Azka Raga; Jasrial Jasrial; Aji Fajar Suryo Antoro; Husna Putri Pertiwi
Jurnal Ilmiah METANSI ”Manajemen dan Akuntansi” Vol 7 No 1 (2024): Jurnal Ilmiah Metansi (Manajemen dan Akuntansi)
Publisher : Lembaga Penelitian dan Pengabdian Masyarakat Universitas Lamappapoleonro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57093/metansi.v7i1.251

Abstract

In navigating the flow of life, investment becomes the main pillar to ensure financial sustainability in the future. This study explores the possible influence of inflation condition in 2023 on the fluctuation of JCI value from January to December. Time series data of JCI for 12 months is used from Yahoo Finance source, and linear regression analysis through EViews is used to test the hypothesis with t-test, and data from Bank Indonesia for inflation condition. The interesting result of the study states that the fluctuation of JCI cannot be influenced by the inflation condition in 2023, especially in the studied time frame. This suggests that other factors may be more dominant in determining the movement of the JCI during that period. The importance of this study is not only to understand the dynamics of the capital market, but also as a guide for investors in making more targeted investment decisions. However, this study is not free from limitations, such as the limited time data available and the generalisation of results only to a certain time span. Hopefully, future research will identify and correct these limitations to gain a more comprehensive understanding of the relationship between economic conditions particularly regarding inflation, JCI, and the capital market. Thus, investors in the future can face changes in economic conditions more confidently and strategically.
The Impact of Financial Literacy and Digital Transformation on MSME Performance in Bandung City Dwi Rahmawati; Destiana Destiana; Jufri Yandes
BASKARA : Journal of Business and Entrepreneurship Vol. 8 No. 1 (2025): BASKARA: Journal of Business and Entrepreneurship
Publisher : Universitas Muhammadiyah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54268/baskara.v8i1.28752

Abstract

Micro, small, and medium-sized enterprises (MSMEs) play an influential part in the economy of Indonesia. Their contribution to economic development is often hindered by insufficient financial literacy and a slow adoption of digital transformation. Enhancing these areas is crucial for boosting competitiveness, resilience, and sustainable growth. This research examines the impact of financial literacy, financial attitudes, financial satisfaction, and digital transformation on the performance of MSMEs in Bandung City. A quantitative research approach was utilized, employing primary data gathered through structured questionnaires given to MSME proprietors. The data analysis was completed using the partial least squares (PLS) technique, with the measurement model evaluated through convergent validity, discriminant validity, and reliability tests to maintain methodological rigor. The findings demonstrate that financial literacy, financial attitudes, financial satisfaction, and digital transformation each have a partial yet significant impact on MSME performance. The findings underscore the importance of integrating financial capability development with strategies for digital adoption to enhance business performance. The uniqueness of this research lies in its integration of financial behaviors and digital transformation aspects, providing a more comprehensive understanding of the factors influencing MSME performance. This study presents practical recommendations for policymakers and business leaders in developing strategies that enhance MSME competitiveness in the digital economy