Article Per Year (5 Year)
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All Journal International Journal of Application on Economics and Business
Henryanto Wijaya
Faculty of Economics and Business, Universitas Tarumanagara, Jakarta, Indonesia
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

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 1 
Factors Influencing Stock Prices with Inflation as Moderating Variable Jessica Husni; Henryanto Wijaya
International Journal of Application on Economics and Business Vol. 1 No. 1 (2023): February 2023
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v1i1.427-435

Abstract

The purpose of this research is for specifying the impact of profitability ratio also solvency ratio on stock prices in manufacturing businesses registered under Indonesia Stock Exchange in 2018-2020 with inflation as moderating variable. The analysis used a method named, purposive sampling for the sample selection, and it was found that there were 72 samples of companies that could be used in the study. The data is processed with the help of the Microsoft Excel 2019 and EViews version 12 application program. The outcome from this research shows profitability ratio with the Return on Assets proxy, solvency ratio with the Debt-to-Equity Ratio proxy, and inflation have a positive also significant impact on the stock prices. Meanwhile, profitability ratio with Return on Equity proxy showed a negative as well as significant impact on the stock prices. Moreover, inflation is known to moderate the effect of profitability ratio for the Return on Assets proxy, profitability ratio for the Return on Equity proxy, and solvency ratio with Debt-to-Equity Ratio proxy to the stock prices.
INTERNAL FACTOR AND EXTERNAL FACTOR TO PREDICT FINANCIAL DISTRESS Ivan Sanjaya; Henryanto Wijaya
International Journal of Application on Economics and Business Vol. 2 No. 3 (2024): Agustus 2024
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v2i3.349-356

Abstract

The objective of this study is to examine how internal and external factors, such as leverage, liquidity, sales growth, and company size as internal variables, along with inflation and gross domestic product as external variables, impact the financial distress of property and real estate firms listed on the Indonesian Stock Exchange between 2020 and 2022. The sample, comprising 38 companies and 114 data points, was chosen through purposive sampling from secondary sources. Multiple linear regression tests were conducted using Eviews version 12 and Microsoft Excel. The findings indicate that internal factors only partially influence financial distress, and external factors have no significant impact on it. This underscores the necessity for companies to prioritize high-quality management practices to enhance their financial performance and ensure optimal business continuity.
THE INFLUENCE OF SOCIAL COST, FAMILY OWNERSHIP, CAPITAL STRUCTURE ON FIRM VALUE Jessica Louie Honggono; Henryanto Wijaya
International Journal of Application on Economics and Business Vol. 2 No. 3 (2024): Agustus 2024
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v2i3.101-110

Abstract

In the time span of 2020-2022, this study aims to collect empirical evidence related to the influence of social costs of family ownership and capital structure on company valuation in the mining sector on the Indonesia Stock Exchange (IDX). The sample consists of 30 data, selected by non-probability sampling method from companies that are continuously listed on the IDX during 2020 to 2022. Data processing is carried out using panel data techniques using Eviews 12 software. This study shows that social cost has a positive effect on firm value, family ownership has a positive and insignificant effect and capital structure has a negative and insignificant effect.
THE EFFECT OF LIQUIDITY, LEVERAGE, AND GROWTH OPPORTUNITY ON CORPORATE CASH HOLDING Madelyn Agrata; Henryanto Wijaya
International Journal of Application on Economics and Business Vol. 4 No. 1 (2026): February 2026
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v4i1.100-109

Abstract

This study examines how liquidity, leverage, and growth opportunity influence cash holding in property and real estate companies listed on the Indonesia Stock Exchange (IDX) during 2022–2024. The research uses a quantitative method with secondary data obtained from published financial statements. A purposive sampling method produced 67 companies and 201 firm-year observations. Data were analyzed using multiple linear regression with EViews 12 and Microsoft Excel. The findings show that liquidity and growth opportunity significantly increase cash holding, implying that firms with stronger short-term financial capacity and greater investment prospects prefer to maintain higher cash reserves. Conversely, leverage has a negative and significant effect, indicating that firms with higher debt levels allocate more funds toward repayment rather than holding cash. The results contribute to the understanding of cash holding behavior and may support managerial decisions related to financial planning.
THE EFFECT OF LEVERAGE, CAPITAL INTENSITY AND LIQUIDITY ON TAX AVOIDANCE Clara Aurelia Effendi; Henryanto Wijaya
International Journal of Application on Economics and Business Vol. 4 No. 1 (2026): February 2026
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v4i1.264-272

Abstract

This study aims to analyze the influence of leverage, capital intensity, and liquidity on tax avoidance among consumer non-cyclical companies listed continuously on the Indonesia Stock Exchange (IDX) during the 2022–2024 period. A quantitative approach was used, relying on secondary data from companies’ annual financial reports. The sample was selected using a purposive sampling method, resulting in 62 companies with a total of 186 observations over three years. Data were analyzed using multiple linear regression with the help of EViews 12 and Microsoft Excel. The results show that leverage, capital intensity, and liquidity each have no significant effect on tax avoidance. This indicates that a firm’s debt structure, level of investment in fixed assets, and liquidity capacity do not significantly determine its tax avoidance behavior. Consequently, it can be concluded that tax avoidance is likely driven by other factors beyond financial characteristics, and future studies are encouraged to include additional variables for a more comprehensive understanding.
Co-Authors Clara Aurelia Effendi Ivan Sanjaya Jessica Husni Jessica Louie Honggono Madelyn Agrata