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Pengaruh Suku Bunga dan Pertumbuhan Ekonomi Terhadap Return Saham pada Perusahaan Sektor Energi yang Terdaftar di Bursa Efek Indonesia Wafa Mutmainah; Muhammad Iqbal Pribadi; Rahman Anshari
Jurnal Riset Rumpun Ilmu Ekonomi Vol. 4 No. 2 (2025): Oktober: Jurnal Riset Rumpun Ilmu Ekonomi
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jurrie.v4i2.6002

Abstract

The purpose of this study is to analyze the effect of interest rates and economic growth on stock returns in companies in the energy sector listed on the Indonesia Stock Exchange during the period 2019 to 2023. The method used is a quantitative approach with panel data regression analysis. The study population includes 90 company data from the sector. The sample was determined through a purposive sampling method, resulting in 46 companies that meet the established criteria. The results of the study indicate that interest rates have a significant effect on stock returns, while economic growth also shows a significant effect.
Pengaruh Likuiditas dan Ukuran Perusahaan Terhadap Return Saham pada Sektor Energi yang Terdaftar di Bursa Efek Indonesia Ratna Sari; Muhammad Iqbal Pribadi; Rahman Anshari
Jurnal Riset Rumpun Ilmu Ekonomi Vol. 4 No. 2 (2025): Oktober: Jurnal Riset Rumpun Ilmu Ekonomi
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jurrie.v4i2.6009

Abstract

This study aims to examine the effect of liquidity, proxied by the Current Ratio, and firm size, proxied by Total Assets, on stock returns. The research period covers the years 2019–2023. The population of this study includes financial reports of 90 energy sector companies listed on the Indonesia Stock Exchange. A purposive sampling technique was employed, resulting in 46 selected companies as the sample. The study uses secondary data derived from the annual financial reports of energy sector companies for the 2019–2023 period. The data analysis method used in this study is panel data regression analysis. In this research, liquidity is measured using the Current Ratio (CR), while firm size is measured by Total Assets. The results indicate that liquidity has a negative and significant effect on stock returns, whereas firm size has a negative but not significant effect on stock returns.
Pengaruh Profitabilitas dan Leverage Terhadap Return Saham pada Sektor Energi Yang Terdaftar di Bursa Efek Indonesia Gienah Terra Al Fache; Muhammad Iqbal Pribadi; Rahman Anshari
MANAJEMEN Vol. 5 No. 2 (2025): Oktober : MANAJEMEN (Jurnal Ilmiah Manajemen dan Kewirausahaan)
Publisher : LPPM Politeknik Pratama

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51903/k97t0p30

Abstract

This study aims to examine the effect of profitability and leverage on stock returns in energy sector companies listed on the Indonesia Stock Exchange during the period 2019–2023. Profitability is proxied by Return on Assets (ROA), while leverage is measured by the Debt to Equity Ratio (DER). The population consists of 90 companies, from which 46 were selected using purposive sampling. The research uses secondary data obtained from annual financial statements. Panel data regression is employed as the analytical method. The results show that profitability (ROA) has a significant positive effect on stock returns, while leverage (DER) has a significant negative effect. These findings support the initial hypotheses of the study.
Pengaruh Pengungkapan Emisi Karbon Terhadap Nilai Perusahaan Sektor Aneka Industri Yang Terdaftar Di Bursa Efek Indonesia Istiqomah, Istiqomah; Anshari, Rahman; Jamal, Sri Wahyuni
REVITALISASI : Jurnal Ilmu Manajemen Vol 14 No 2 (2025): REVITALISASI : Jurnal Ilmu Manajemen
Publisher : Universitas Islam Kadiri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32503/revitalisasi.v14i2.7797

Abstract

The goal of this study is to look at how different sectors' stock prices changed when companies disclosed their carbon emissions on the Indonesia Stock Exchange from 2018 to 2022. For this study, 154 research samples were obtained from 42 different organisations using a purposive sampling technique. An independent variable used in this study is the carbon emission disclosure (CED) list, which is a product of the carbon disclosure project (CDP). This study just makes use of profitability as a control variable. The data is analysed using a multiple linear regression model. According to these findings, a company's value drops sharply if its carbon emissions are made public. According to this research, businesses still haven't worked out how to tell the world about their carbon footprints, which means they're missing out on opportunities to win over stakeholders and consumers. There may not have been adequate communication to address the problem, and managers and stakeholders may not understand the significance of this revelation.
Pengaruh Keberagaman Gender Dewan Direksi dan Ukuran Dewan Direksi terhadap Kualitas Pelaporan Keuangan di Sektor Kesehatan Atikah Rahmawati; Rahman Anshari; Muhammad Iqbal Pribadi
Jurnal Manajemen, Bisnis dan Kewirausahaan Vol. 5 No. 1 (2025): : Jurnal Manajemen, Bisnis dan Kewirausahaan
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jumbiku.v5i1.5339

Abstract

Purpose. This study aims to determine the influence of gender diversity on the board of directors and the size of the board of directors on the quality of financial reporting in the Health Sector. Methods. This study uses the population of health sector companies listed on the Indonesia Stock Exchange during the period 2014-2023. Through the purposive sampling method, 106 observation data (firm-year) were obtained from companies that published annual reports during the period and compiled financial statements in rupiah. Furthermore, the data were further selected by excluding years in which the company exhibited negative profit management practices, in order to meet the criteria of this study. The data analysis technique used in this study is multiple linear regression analysis supported by hypothesis testing, descriptive statistics and classical assumption tests. Findings. The results of the hypothesis test show that gender diversity in the board of directors has a significant effect on the quality of financial reporting. And the size of the board of directors does not have a significant influence on the quality of financial reporting. Implication. The implications of this study show that gender diversity on the board of directors can be an effective strategy in improving the transparency and quality of financial reporting, especially in the health sector. Therefore, companies are advised to consider gender representation in the preparation of the board of directors structure to strengthen corporate governance.
Pengaruh Kepemilikan Manajerial dan Kepemilikan Asing terhadap Kinerja Perusahaan di Sektor Perdagangan, Jasa dan Investasi Rindu Kurniawati; Rahman Anshari; Yulia Tri Kusumawati
Jurnal Simki Economic Vol 8 No 2 (2025): Volume 8 Nomor 2 Tahun 2025
Publisher : Universitas Nusantara PGRI Kediri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29407/jse.v8i2.1332

Abstract

This study aims to empirically examine the effect of managerial ownership and foreign ownership on company performance. Secondary data from 208 annual financial reports of companies in the trade, services, and investment sectors for the period 2021–2023 are used as panel data and analyzed using multiple linear regression, with Return on Assets (ROA) as a performance indicator. The results of the study indicate that managerial ownership and foreign ownership have no effect on company performance. Theoretically, these results indicate that ownership structure is not the main factor in driving performance, thus contributing to the development of governance theory in developing countries. Practically, these results serve as a reference for stakeholders to consider other more relevant factors in performance improvement strategies.
PENGARUH STRUKTUR KEPEMILIKAN MANAJERIAL TERHADAP KEMUNGKINAN KESULITAN KEUANGAN PERUSAHAAN SEKTOR INDUSTRI BARANG KONSUMSI Dhea Sartika; Rahman Anshari; Sri Wahyuni Jamal
Manajemen: Jurnal Ekonomi Vol. 6 No. 2 (2024): Manajemen : Jurnal Ekonomi (Special Issue)
Publisher : Fakultas Ekonomi Universitas Simalungun

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36985/n8e3je35

Abstract

Penelitian ini dilakukan untuk menganalisis pengaruh struktur kepemilikan manajerial terhadap kemungkinan kesulitan keuangan pada perusahaan sektor industri barang konsumsi. Jenis penelitian yang digunakan adalah kuantitatif dengan pendekatan archival research yang menggunakan pencatatan time series. Populasi penelitian terdiri dari 296 data perusahaan sektor industri barang konsumsi. Teknik pengambilan sampel menggunakan non - probability sampling dengan metode purposive sampling, sehingga diperoleh 173 data perusahaan yang memenuhi kriteria sampel. Sumber data yang digunakan adalah data sekunder yang diperoleh dari situs resmi perusahaan. Struktur kepemilikan manajerial direpresentasikan melalui perbandingan jumlah saham yang telah dilepas ke publik dengan nilai yang dinyatakan dalam bentuk persentase, sedangkan kemungkinan kesulitan keuangan diukur dengan Interest Coverage Ratio. Teknik analisis data yang digunakan pada penelitian ini adalah uji regresi logistik. Hasil penelitian menunjukkan bahwa struktur kepemilikan manajerial berpengaruh positif sebesar 0,000 terhadap kemungkinan kesulitan keuangan perusahaan sektor industri barang konsumsi
PENGARUH UKURAN PERUSAHAAN DAN LEVERAGE  TERHADAP FINANCIAL DISTRESS MODE ALTMAN Z-SCORE PADA SEKTOR CONSUMER CYCLICALS DI INDONESIA Nur Isnaini Azyyati; Muhammad Iqbal Pribadi; Rahman Anshari
Manajemen: Jurnal Ekonomi Vol. 7 No. 2 (2025): Manajemen : Jurnal Ekonomi (Special Issue)
Publisher : Fakultas Ekonomi Universitas Simalungun

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36985/kjtq1b56

Abstract

Penelitian ini bertujuan untuk mengevaluasi pengaruh ukuran perusahaan dan leverage terhadap risiko Financial Distress pada perusahaan sektor consumer cyclicals yang terdaftar di Bursa Efek Indonesia periode 2021 – 2023. Dalam penelitian ini, Financial Distress diukur menggunakan model Altman Z-Score, yang merupakan alat prediksi kebangkrutan berbasis rasio keuangan. Sampel yang digunakan sebanyak 101 perusahaan selama tiga tahun pengamatan, menghasilkan total 303 observasi. Metode penelitian ini bersifat kuantitatif dengan pendekatan regresi data panel. Setelah melalui uji Chow dan Hausman, model Random Effect Model (REM) dipilih sebagai model terbaik. Hasil estimasi menunjukkan bahwa ukuran perusahaan dan leverage memiliki pengaruh negatif signifikan terhadap nilai Z-Score, yang berarti semakin besar ukuran perusahaan dan semakin tinggi tingkat utang (leverage), maka semakin besar kemungkinan perusahaan mengalami Financial Distress. Temuan ini sejalan dengan teori Moral Hazard, yang menyatakan bahwa perusahaan besar rentan terhadap pengelolaan yang tidak efektif, serta Trade-off Theory yang menyatakan bahwa leverage yang tinggi meningkatkan risiko kebangkrutan. Studi ini menekankan pentingnya efisiensi dalam pengelolaan aset dan pengendalian struktur modal. Oleh karena itu, disarankan agar perusahaan mengelola ukuran operasional secara optimal dan menjaga proporsi utang terhadap ekuitas dalam batas yang wajar, serta meningkatkan pengawasan keuangan internal guna menjaga kesehatan finansial dan mengurangi potensi distress. Temuan ini memberikan kontribusi penting bagi manajemen, investor, regulator, dan akademisi dalam memahami dinamika risiko keuangan di sektor consumer cyclicals
Pengaruh Ukuran Perusahaan Dan Leverage Terhadap Volatilitas Harga Saham Pada Sektor Proterties Real Estate Yang Terdaftar Di Bursa Efek Indonesia Syarifah Fitria; Yulia Tri Kusumawati; Rahman Anshari
EKOMA : Jurnal Ekonomi, Manajemen, Akuntansi Vol. 4 No. 6: September 2025
Publisher : CV. Ulil Albab Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/ekoma.v4i6.10318

Abstract

This study examine the influence of firm size and leverageon stock price volatility in the property and real estate sector listed on the Indonesia Stock Exchange (IDX) during the 2023-2024 period. Employing a quantitative approach with multiple linear regression analysis and purposive sampling method, the research analyzes 77 companies selected from a total population of 94 sectoral firms meeting the eligibility criteria. The result indicate that firm size has a significant negative effect of stock price volatility, suggesting that larger companies tned to exhibit more stable price fluctuations. In contrast, leverage demonstrates a positive but in significant impact, implying that debt structure does not substantially affeck stock price volatility in this sector. These findings conclude that firm size plays a crucial role in reducting stock price volatility, while leverage does not show significant influence, providing practical implications for investor to consider company scale as an indicator of price stability when making investment decisions in Indonesia’s property.
THE EFFECT OF PROFITABILITY AND LEVERAGE ON FINANCIAL DISTRESS USING THE ALTMAN Z-SCORE MODEL: EVIDENCE FROM THE CONSUMER CYCLICALS SECTOR IN INDONESIA Ummu Sulaim Hasanah; Muhammad Iqbal Pribadi; Rahman Anshari
Jurnal Terapan Ilmu Manajemen dan Bisnis Vol 8 No 2 (2025): JTIMB | Desember 2025
Publisher : Program Studi Magister Manajemen Universitas Advent Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58303/tkvc4594

Abstract

This study aims to examine the effect of profitability and leverage on financial distress using the Altman Z-Score model in the consumer cyclicals sector in Indonesia for the 2021–2023 period. This research employs a quantitative approach with a causal-explanatory method. The population consists of 166 companies listed on the Indonesia Stock Exchange (IDX), with 101 companies selected as samples through purposive sampling based on specific criteria. The data used in this study are secondary data obtained from the companies’ financial reports. Profitability is measured by Return on Assets (ROA), leverage is measured by Debt to Equity Ratio (DER), and financial distress is measured using the Altman Z-Score. The analytical technique applied in this study is panel data regression using STATA 17 software. The results show that partially, profitability has a positive and significant effect on financial distress, while leverage has a negative and significant effect on financial distress.
Co-Authors 'Aini, Tsabitah Qurratun Ahmad Faqih Al-Rasyid, Akhmad Maslan Triananda Surya Alfin Syahrian Dwi Nugraha Andini Andini Anggryani, Rossa Atikah Rahmawati Awahda Dzahwa Kurnia Syafitri Azyyati, Nur Isnaini Bafadal, Mentarry Bambang Setiaji Bambang Setiaji Chaerul Fadly Mochtar Dedi Setiawan Dewi Sartika Dhea Ayu Puspita Sari Dhea Sartika Diki Wahyudi Dwi Erma Suryani Ermi Utami Fahlefi, M Rio Arezky Firza Fahrun Nisa Faldi Faldi Faldi Fatimatuzzahra, Siti Fenty Fauziah Fenty Fauziah Firdaus, Dhoni Fitri Darmayani Manoy Fitria, Syarifah Gienah Terra Al Fache Halim Setya Candra Hamzah, Hasyrul Isnalita istiqomah istiqomah Jamiatur Rasyidah Jati Pratiwi Joko Sabtohadi Junianda Haris Dwiagam Khalish Arsy Al Khairy Siregar Kharisa Kharisa Kurniawati, Rindu Kusumawati, Yulia Tri Lila Zulfa Kamila Marliani Mirna Zahra Baco Muhammad Iqbal Pribadi Muhammad Iqbal Pribadi Muhammad Ridho Akmal Nabilah, Hafidah Nia Ramadani Norma Feti Farida Nur Aprilia Putri Nur Atika Astriani Nur Halimah Nur Isnaini Azyyati Nur Syarisma Nurcahyati, Sintiya Oky Jeania Nellanda Prastyawati, Tika Pribadi, Muhammad Iqbal Putri Nur Hasanah RATNA SARI Rindu Kurniawati Ririn, Ririn Suwarni Rizky Kurniawan Rizky Kurniawan Syamat Salsabila Azzahra Sartika, Dhea Shofia, Lira Risti Siti Mariani Sri Wahyuni Jamal SULISTIA, SULISTIA Suwoko Suwoko Syahputra, Muhammad Daffa Haikal Syarifah Fitria Syayid Al Manar Tri Putri Erawati Umah, Khirzatul Ummu Sulaim Hasanah Wafa Mutmainah Wahyuni Jamal, Sri Widya Rahmah