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All Journal BAKI (Berkala Akuntansi dan Keuangan Indonesia) JURNAL AKUNTANSI DAN BISNIS : Jurnal Program Studi Akuntansi
Taskurun
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Humanities Economics, Econometrics & Finance Education Social Sciences

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Effectiveness Of Financial Reporting On Share Prices In Mining Public Listed Companies On The Indonesian Stock Exchange (IDX) Taskurun; Muhammad Azis
JURNAL AKUNTANSI DAN BISNIS : Jurnal Program Studi Akuntansi Vol. 9 No. 2 (2023): November 2023
Publisher : Universitas Medan Area

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31289/jab.v9i2.9668

Abstract

Financial statement information is one of the important factors in assessing the stock price of a company, many investors before deciding to invest their capital in the company they want to go to first look at financial information, so this study focuses on analyzing the effect of PM, ROA, CR, SR, and PER on the stock price of a coal & lignite mining company on the IDX in 2018-2022. The focus of this study uses three grand theories, namely value theory, market finance theory, and market efficiency theory, each of which explains the effect of financial statement information on stock price fluctuations. The results of the analysis show that PM has a negative and important effect on stock prices, while ROA and PER have a positive and important effect. CR and SR have no significant influence. The coefficient of determination shows that these variables only explain 30% of the influence of stock prices, the rest are influenced by other factors. The implication of this study is that companies need to improve ROA and PER for better stock performance. Limitations of this study include data quality, external factors, and methodology.
FINANCIAL DISTRESS AND INDONESIAN MANUFACTURING STOCK PRICES: A ZMIJEWSKI-GROVER MODEL Hirman, Akhmad Akram; Taskurun; Al Qadri, Andi Ramdan
Berkala Akuntansi dan Keuangan Indonesia Vol. 10 No. 1 (2025): Berkala Akuntansi dan Keuangan Indonesia
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/baki.v10i1.58919

Abstract

This study aims to test and analyze the effect of financial distress on stock prices using two models, namely Zmijewski (1984) and Grover (2001), on manufacturing companies, especially in the textile sector, electronic and computer products, automation and transportation, paper, and chemical products. This research design is Descriptive Statistics. The sample consisted of 53 manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2018 to 2023, with 318 data. The sampling method used is a quantitative descriptive technique. The data analysis method applied is multiple linear regression analysis. The results showed that financial distress, as measured by two models, namely Zmijewski (1984) and Grover (2001), has a significant negative effect on stock prices, where the X-score value has a more significant influence than the G-score in reducing the stock price.
Co-Authors Akhmad Akram Hirman Al Qadri, Andi Ramdan Muhammad Azis