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Does corporate social responsibility moderate financial performance and firm size on firm value? Nathania Lauren; Ilzar Daud; Helma Malini; Giriati Giriati; Arman Jaya
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.164

Abstract

The global socio-economic crisis has prompted businesses and stakeholders to consider sustainable development initiatives. Protecting firm value through sustainability initiatives was critical to help firms survive the crisis. This study aimed to investigate the moderating effect of Corporate Social Responsibility (CSR) on the relationship between financial ratios, firm size, and firm value during the post-pandemic era, as this period was the best time to fix the firm’s management strategy. The research focused on manufacturing firms that are publicly traded on the IDX from 2021 to 2022. This research employed a purposive sampling method, resulting in a sample size of 38 firms. This analysis technique employed the Multiple Linear Regression. The findings showed that profitability impacts firm value while liquidity, firm size, and CSR insignificantly affect firm value. CSR, as a moderation reduced the impact of profitability on firm value; however, it does not moderate the effects of firm liquidity and firm size on firm value. During the post-pandemic period, various business sectors are navigating economic challenges by implementing strategies to boost sales and strengthen stock values. Therefore, many businesses deprioritize sustainable development because it might increase costs, reducing profits and firm value
The effect of financial literacy and love of money on the financial management behavior of generation z Ridhota Madini; M. Irfani Hendri; Helma Malini; Giriati Giriati; Ikram Yakin
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.167

Abstract

Present-day Generation Z encounters financial obstacles that will have long-term consequences on the collective financial welfare of future generations, and their decision-making processes transpire under more adverse conditions than those of prior generations. Nevertheless, there remains a dearth of research that thoroughly examines the financial management behavior of Generation Z, particularly regarding how financial literacy, love of money, and lifestyle impact this behavior. The financial management behavior focuses on using money effectively and efficiently. This study will investigate how financial literacy and love of money influence the financial management behavior of urban Generation Z members in Indonesia, using lifestyle as a mediator. Quantitative research is conducted and analyzed using SEM AMOS 22. The study collected data through a questionnaire from 232 respondents using a purposive sampling technique. According to the findings, financial literacy and love of money positively and significantly affect financial management behavior, mediated by lifestyle. These findings can assist related parties in devising strategic policies in micro and macroeconomics and can aid Generation Z's thought process in comprehending financial management behavior.
The influence of debt equity ratio and times interest earned ratio through return on assets on banking companies’ share price Sandika Utama; Bintoro Bagus Purmono; Helma Malini; Mustarudin Mustarudin; Wendy Wendy
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.177

Abstract

The financial performance of a company significantly influences its valuation, reflected in share prices and serving as a comprehensive measure of overall health and profitability. This research delves into the intricate interplay of microeconomic and macroeconomic environments on a company's performance, focusing on the Debt Equity Ratio (DER) and Times Interest Earned (TIE) as key determinants of stock prices in banking institutions. The mediating role of Return On Assets (ROA) is considered in this analysis. Employing the multiple regression statistical method, the study aims to reveal the relationships between independent and dependent variables while accommodating intervening variables. The objective is to present empirical data supporting formulated hypotheses, providing valuable insights into the financial dynamics of banking institutions.
The role of dividend policy as an intervening variable in the influence of financial fundamental factors on blue chip stock returns Resta Maulita Angreani; Ahmad Shalahuddin; Helma Malini; Giriati Giriati; Wendy Wendy
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.193

Abstract

The climate of investment plays a crucial role in the economic structure, where investors seek stocks from companies with a large market capitalization as market leaders because it reflects substantial company growth with relatively low risks. This study is essential as an investor analysis of evaluating the financial condition of a company and assessing the company's ability to survive long-term investment, as well as projections on how to understand the potential of dividend policy in distributing profits. This study will use Software Eviews 12 with multiple regression analysis panel data to test the hypothesis and the intervening variable. The sample data consists of 22 LQ45’s index blue chip companies listed on the IDX 2018-2022 period using a Purposive Sampling approach. Based on the research analysis EPS is not significant for dividend policy, PER has a significant impact on dividend policy, PBV does not impact dividend policy, EPS and PER both have a positive impact on stock returns. PBV, on the other hand, has a negative and significant effect on stock returns. Furthermore, PBV has a negative and significant effect on stock returns. Moreover, dividend policy significantly influences stock returns negatively. Additionally, dividend policy cannot mediate the EPS, PER, and PBV variables on stock returns.