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All Journal Jurnal Equity Jurnal Bisnis dan Kewirausahaan (Journal of Business and Entrepreneurship) Quantitative Economics and Management Studies Journal of Business, Management and Social Studies Economic and Finance in Indonesia

Pananda Pasaribu, Pananda

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Author-ID : 637976

Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Languange, Linguistic, Communication & Media Mathematics Social Sciences Other

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Articles

Does Gender Diversity in the Boardroom Improve Firm Performance? Evidence from Indonesia Pasaribu, Pananda
Economics and Finance in Indonesia Vol. 65, No. 1
Publisher : UI Scholars Hub

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This study investigates board gender diversity in Indonesia's listed firms and its effect on firm performance from 2011-2016. After addressing the endogeneity of diversity, the results in this paper show that the proportion of female in the boardroom marginally improve firm performance. Firms with two or more female in the boardroom have a stronger impact on firm performance than firms with one female in the boardroom, consistent with the critical mass effect. Finally, certain sectors will gain more benefits of appointing females in the boardroom. The results suggest that increasing gender diversity in the boardrooms can have beneficial effects on firm performance, but the benefits may be subject to the critical mass and firm industry.

Corporate Governance Mechanism on Financial Performance (Evidence from the Indonesia’s Listed State-owned Enterprises) Maldini, Anak Agung Kompiyang Ratih; Pasaribu, Pananda; Pangaribuan, Christian Haposan
Journal of Business, Management, and Social Studies Vol. 1 No. 1 (2021): Journal of Business, Management, and Social Studies
Publisher : APPS Publications

Objective – This study aims to find the impact of privatization, which proxied by good corporate governance toward the financial performance of SOEs in Indonesia. Methodology – This study used 16 privatized SOEs that are listed in Indonesia Stock Exchange and also 16 privatized non-SOEs as the comparison. The data is collected from the year 2014 to 2018 and analyzed by using multiple regression panel data. Findings – This study found that director size and board independence have a positive impact toward SOEs financial performance. The director size and board independences have a positive significant impact toward the SOEs financial performance while the privatized non-SOEs is not significantly affected Novelty – This study examines proper governance structure in SOEs and non-SOEs, thus providing new insights about good corporate governance regulation in the Indonesian context.

The Influences of Content Creation and Community Building on Purchase Decision during COVID-19: A Case Study of Sociolla Putri, Nadiyah Asmaranti Anita; Pasaribu, Pananda
Journal of Business, Management, and Social Studies Vol. 2 No. 3 (2022): Journal of Business, Management, and Social Studies
Publisher : APPS Publications

This study aims to ascertain the influence of social media marketing via Instagram, which includes content creation and community building, on purchase decision in Sociolla during the pandemic. This study collected primary data from respondents via questionnaires. The respondents were 101 people with customers who became Sociolla followers and made online purchases on Sociolla during the COVID-19 pandemic. SPSS was used to analyze the data in this analysis. Analytical techniques include multiple linear regression analysis, the t test for partial hypotheses, the F test for simultaneous hypotheses, and the coefficient of determination (R²). This study found that content creation and community development had a significant positive effect on purchase decision. The partial results (t test) indicate that the variables relating to content sharing most influence purchase decision. While concurrently (F test) demonstrates that content creation and community building have a significant effect on purchasing decisions. Although the relationship between community building and purchase decision has been examined in past research, the specific relationships examined in this study in comparison with the content creation-purchase decision relationship has not yet been previously investigated using a local cosmetic brand followers in Indonesia.

Memetakan Hubungan antara Harga Diskon, Kualitas Produk, dan Niat Membeli Secara Impulsif melalui e-Commerce Wanda, Meisya; Pasaribu, Pananda
Journal of Business, Management, and Social Studies Vol. 2 No. 3 (2022): Journal of Business, Management, and Social Studies
Publisher : APPS Publications

The study aimed to analyze the relationships between price discounts, impulsive purchasing behavior, and perceived quality. This study collected primary data from respondents via questionnaires. Using the Smart PLS tools, this study uses the t-test and data regression to validate the hypothesis. The perceived quality factor performed an essential mediating effect in the relationship between price discounts and impulsive buying. When the direct effect of price discounts on impulsive buying was investigated, it was discovered that price discounts have no effect on people’s impulsive purchase. However, when perceived quality served as a mediator, the feelings created by a price discount led to a positive perception of product and give significant impact on impulsive buying behavior.

INITIAL PUBLIC OFFERING: NEW EVIDENCE FROM INDONESIA Mindosa, Bonnie; Pasaribu, Pananda
Journal of Business And Entrepreneurship Vol. 8 No. 1 (2020): JOURNAL OF BUSINESS AND ENTREPRENEURSHIP (May 2020 Edition)
Publisher : APPS Publications

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The authority of capital market in Indonesia has been trying to increase the participation of investors and the number of listed firms to boost the economic growth. Recently, the number of listed firms have increased significantly. However, there are firms that are unable to show good financial performance, in fact several firms entered financial distress and delisting from the market. This essay uses newly listed firms between 2012 and 2019. This essay shows that there exists underpricing in the short term (1-3 days) and underperformance in the long term (1-3 years) after going public. This essay recommends that investors should take advantage the underpricing, but they must be smart in selecting newly listed stocks as some may suffer from credit risk and poor corporate governance.

IPO Long-Term Performance: Evidence from Indonesia Stock Exchange 2019-2020 Fuadi, Ali Akbar; Pasaribu, Pananda
EQUITY Vol 27 No 2 (2024): EQUITY
Publisher : Department of Accounting, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34209/equ.v27i2.9382

Initial Public Offering (IPO) is one of the most anticipated events in in the Indonesia Stock Exchange (IDX). The number of companies going public has increased significantly in the last few years. However, some newly listed stocks do not perform well after they are listed. This paper will examine whether information stated in the prospectus documents have a significant influence on the long run IPO stock price between 2019-2020. The information includes financial ratios, intention of proceeds, dividend policy, and underwriter reputation. This study uses an event study approach, in which 106 IPO events, to analyse stock performance three years after the IPO. The dependent variable is buy and hold abnormal return (BHAR). The result shows that DER ratio and intention use of proceeds for debt repayment are significant to influence BHAR with a negative relationship. Moreover, the underwriter reputation and underpricing level are insignificant to affect BHAR. The study concluded that long term performance of newly listed firm is influenced by the leverage level. Keywords: Initial Public Offering (IPO), Stock Performance, Indonesia Stock Exchange (IDX)

The Relationship between Macroeconomic Variables and ESG Index: Evidence from Six Emerging Markets Ahmad Bit, Nabiel Elhakim Al; Pasaribu, Pananda
Quantitative Economics and Management Studies Vol. 5 No. 6 (2024)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems3237

This study examines the relationship between ESG index return and macroeconomic factors in six emerging markets (Indonesia, Brazil, China, Mexico, South Africa, and India). Previous study has shown that the impact of macroeconomic variables on stock/index returns differs according to the country's economic structure and condition. The primary motivation for this study is the growing trend of ESG investment and the contradictory findings of the macroeconomic component influence on stock return. This study utilizes Panel Data Regression to investigate the association between macroeconomic variables and ESG index returns over a five-year period. This analysis reveals that inflation and Gross Domestic Product (GDP) have a positive significant influence on the ESG index return, however, interest rate and foreign exchange rate are not statistically significant. These findings provide useful insight to many stakeholders, including investors, policymakers, and financial experts, on how to develop investment strategies and economic policies to reap economic benefits such as better investment and improved ESG framework implementation in organizations.

Co-Authors Ahmad Bit, Nabiel Elhakim Al Bonnie Mindosa Fuadi, Ali Akbar Maldini, Anak Agung Kompiyang Ratih Pangaribuan, Christian Haposan Putri, Nadiyah Asmaranti Anita Wanda, Meisya

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