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All Journal Jurnal Ekonomi
Mustarudin Mustarudin
Management Study Program, Faculty of Economics and Business, Universitas Tanjungpura, Pontianak
Economics, Econometrics & Finance

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MARKET REACTION TO THE INCRAESE IN FUEL OIL (BBM) PRICES IN 2022: EMPIRICAL STUDY ON MANUFACTURING COMPANIES LISTED ON THE INDONESIAN STOCK EXCHANGE (BEI) Nanda Nanda; Heriyadi Heriyadi; Wendy Wendy; Mustarudin Mustarudin; Mazayatul Mufrihah
Jurnal Ekonomi Vol. 12 No. 04 (2023): Jurnal Ekonomi, 2023
Publisher : SEAN Institute

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Abstract

The main goal of this research is to assess the influence of the 2022 rise in fuel oil (BBM) prices on the manufacturing companies listed on the Indonesia Stock Exchange (IDX). This research methodology consists of a Mann-Whitney U-Test and an event study. The selection for this study consists of manufacturing companies that are publicly listed on the Indonesia Stock Exchange (IDX). The research incorporates the following variables: trading volume activity (TVA), abnormal return, stock price, and stock trading frequency. The observation period is comprised of the time between the event period and the estimation period. The event period encompasses the five days preceding, one day during, and five days following the BBM fee increase. The Market Model uses the estimation period to calculate the expected return. The results of this research indicate a statistically significant variation in the abnormal return; however, no such distinctions are observed in the stock price, TVA, or stock frequency.
SALES GROWTH, LIQUIDITY, LEVERAGE AND FINANCIAL DISTRESS: TESTING THE INTERACTION EFFECT OF PROFITABILITY Muhamad Dafa Ilhani Salim; Rizky Fauzan; Wendy Wendy; Mustarudin Mustarudin; Uray Ndaru Mustika
Jurnal Ekonomi Vol. 12 No. 04 (2023): Jurnal Ekonomi, 2023
Publisher : SEAN Institute

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Abstract

Financial Distress is an important issue and requires deep attention, especially in the Consumer Goods Industry with high competition. This quantitative research aims to test the impact of Sales Growth, Liquidity, and Leverage on Financial Distress with Profitability as moderation. The research data was collected from companies listed on the Indonesian Stock Exchange (IDX) and then tested using logistical regression analysis techniques. Research results show that Leverage influences Financial Distress. In addition, Profitability can also moderate the influence of Liquidity and Leverage on Financial Distress. Other findings suggest that Sales Growth and Liquidity do not affect Financial Distress when tested in person. Thus, this research confirms the role of Profitability as moderation.
Co-Authors Heriyadi Heriyadi Mazayatul Mufrihah B11212091 Muhamad Dafa Ilhani Salim Nanda Nanda Rizky Fauzan Uray Ndaru Mustika Wendy