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Implications Of Political Uncertainty Periods on Stock Returns in the Property and Real Estate Sector Ikhsan Bagaskoro; Suhita Whini Setyahuni; Maria Safitri; Pradana Jati Kusuma
International Journal of Economics, Management and Accounting Vol. 2 No. 2 (2025): International Journal of Economics, Management and Accounting
Publisher : Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/ijema.v2i2.598

This study aims to assess how financial performance influences stock returns amid political uncertainty, specifically during the 2024 general election in Indonesia. The focus is on understanding the impact of various financial performance indicators on the stock returns of property and real estate firms listed on the Indonesia Stock Exchange. A sample of 64 companies was observed during two critical periods: the pre-election period in the fourth quarter of 2023 and the post-election period in the second quarter of 2024. To analyze the data, the study employed an event study approach, utilizing multiple regression analysis to identify the relationship between financial performance and stock returns, and paired sample t-tests to compare pre- and post-election performance. The findings revealed that prior to the election, the variables Return on Assets (ROA), Debt to Equity Ratio (DER), and Revenue Growth did not significantly affect the stock returns of property and real estate companies. However, after the election, only ROA was found to have a significant impact on stock returns, while DER and Revenue Growth continued to show no effect. A comparative analysis of the two periods indicated no significant differences in the financial performance variables (ROA, DER, and Revenue Growth) between the pre- and post-election periods, yet a clear shift in stock returns was observed. This study contributes to the literature by offering a fresh perspective on how political uncertainty affects stock returns, using the framework of signaling theory, trade-off theory, and market efficiency theory to interpret the results.

Analisis Kinerja Keuangan Terhadap Harga Saham Emiten Sektor Transportasi Logistik 2021-2023 Nurul Arum Puspita; Rudi Kurniawan Lenni Yovita; Pradana Jati Kusuma
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 6 No. 7 (2025): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v6i7.8262

This research aims to analyze the impact of financial performance on stock price movements of transportation and logistics companies listed on the Indonesia Stock Exchange (IDX) from 2021 to 2023. The financial performance variables examined include Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin (NPM), Debt to Equity Ratio (DER), and Earnings Per Share (EPS). The study selected 10 companies with the largest total assets using purposive sampling. Data were obtained from quarterly financial reports and the closing stock prices at the end of each trading period. The analysis employed multiple linear regression along with classical assumption tests. The results indicate that EPS, NPM, ROE, and ROA each have a significant positive effect on stock prices, while DER shows a negative but not statistically significant relationship. Overall, the independent variables significantly influence stock prices simultaneously, as reflected by an Adjusted R² of 84.3%.

Analisis Kinerja Keuangan Terhadap Harga Saham Emiten Sektor Transportasi Logistik 2021-2023 Nurul Arum Puspita; Rudi Kurniawan Lenni Yovita; Pradana Jati Kusuma
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 6 No. 7 (2025): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v6i7.8262

This research aims to analyze the impact of financial performance on stock price movements of transportation and logistics companies listed on the Indonesia Stock Exchange (IDX) from 2021 to 2023. The financial performance variables examined include Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin (NPM), Debt to Equity Ratio (DER), and Earnings Per Share (EPS). The study selected 10 companies with the largest total assets using purposive sampling. Data were obtained from quarterly financial reports and the closing stock prices at the end of each trading period. The analysis employed multiple linear regression along with classical assumption tests. The results indicate that EPS, NPM, ROE, and ROA each have a significant positive effect on stock prices, while DER shows a negative but not statistically significant relationship. Overall, the independent variables significantly influence stock prices simultaneously, as reflected by an Adjusted R² of 84.3%.

Analysis of Gen Z Students' Perceptions of the Use of Digital Payment and Its Impact on Customer Satisfaction Dellya Dievha Paramytha; Pradana Jati Kusuma; Ana Kadarningsih; Diana Puspitasari
International Journal Business, Management and Innovation Review Vol. 2 No. 3 (2025): International Journal Business, Management and Innovation Review
Publisher : Universitas Veteran Bangun Nusantara Sukoharjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62951/ijbmir.v2i3.154

This study aims to analyze the influence of perceived ease, trust, and benefits on the interest in using digital payments and their impact on customer satisfaction among Generation Z students. The focus of this study is to explore the relationship between these factors and how they affect digital transaction behavior and user satisfaction levels. Using a quantitative approach, data were collected from 185 Generation Z student respondents through purposive sampling techniques and distributed using questionnaires. The analysis was carried out using the Structural Equation Modeling-Partial Least Square (SEM-PLS) approach using Smart PLS4 software. The results showed that perceived ease, trust, and benefits had a positive and significant effect on customer satisfaction. In addition, the use of digital payments also had a direct positive effect on satisfaction, but did not act as a mediating variable in the relationship between user perceptions and satisfaction. These findings indicate that perceptions of service quality have a greater influence on satisfaction than frequency of use. This study provides theoretical and practical contributions in understanding the behavior of digital payment users among Gen Z students.

Impact Green Finance, Profitability, and Capital Structure on Company Value in Mining Sector Companies Listed on the IDX 2019-2023 Period Sekar Arum Handayani; Pradana Jati Kusuma
Proceeding of the International Conference on Management, Entrepreneurship, and Business Vol. 2 No. 2 (2025): Proceeding of the International Conference on Management, Entrepreneurship, and
Publisher : Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/icmeb.v2i2.279

This study aims to evaluate the influence of Green Finance, Profitability, and Capital Structure on Firm Value in the mining sector listed on the Indonesia Stock Exchange (IDX) during the period 2019 to 2023. The research is motivated by the growing importance of sustainability and financial management strategies in enhancing corporate competitiveness in an increasingly globalized market. A quantitative approach was employed using multiple linear regression analysis, with 22 companies selected through purposive sampling. The findings indicate that, simultaneously, the three independent variables have a significant effect on firm value. Individually, Green Finance and Capital Structure have a positive and significant influence, while Profitability does not show a significant impact. Capital Structure is found to be the most dominant factor affecting firm value, followed by Green Finance. This suggests that companies with sound capital management and strong commitment to sustainability practices are more valued by the market. This research contributes to both theoretical and practical perspectives in financial management, particularly in understanding how financing strategies and sustainability efforts influence market valuation. The findings also recommend that mining companies strengthen their integration of ESG principles and enhance financial efficiency to support long-term value creation and competitiveness

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