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Journal : Journal Of Management Science (JMAS)

Free float, firm size, stock return, and stock market liquidity: Asymmetric information interaction Verawati, Verawati; Mustika, Uray Ndaru; Mustaruddin, Mustaruddin
Junal Ilmu Manajemen Vol 8 No 1 (2025): January: Management Science and Field
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/jmas.v8i1.577

Abstract

This research was conducted to determine the effect of free float, firm size, and stock returns on liquidity in the stock market with information asymmetry as moderation. Quantitative research was based on panel data. The object of this research was companies included in the LQ45 index on the Indonesia Stock Exchange with an observation period of 2019-2023. This study applied the regression model equation test with Moderated Regression Analysis (MRA) analysis with Eviews 12 software. The results of this study found that free float and firm size had a significant negative effect on market liquidity, while stock return did not have a significant impact on stock market liquidity in LQ45. Information asymmetry in this study could not moderate the relationship between free float and stock return on liquidity. With the value of data, variation was found to have a wide range of values, which indicated that the variables are volatile.
Analysis of financial ratios on firm value: Testing dividend policy as moderation Sartika, Lili; Malini, Helma; Azazi, Anwar; Mustika, Uray Ndaru
Junal Ilmu Manajemen Vol 8 No 1 (2025): January: Management Science and Field
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/jmas.v8i1.586

Abstract

The purpose is to investigate the influence of profitability, solvency, and liquidity upon firm value and moderation of dividend policy from the IDX Kompas100 Index, with an analysis duration from 2020-2023 with a total of 122 observations. A purposive sampling approach is applied in this analysis, with criteria for firms that live consistently on the Kompas100 index, distribute dividends within analysis time, have profitable revenue, and are capable of meeting long-term and short-term debts. This research employs MRA with SPSS software. The outcome shows that profitability and liquidity have a positive result on firm value. Meanwhile, solvency shows an adverse influence on firm value. Additionally, dividend policy is able to moderate and intensify the outcome of solvency upon the firm value and weaken liquidity impact upon firm value, but it shows no sign of moderating effect on profitability upon firm value.
Financial literacy and financial technology on the personal finance behavior of generation z Perawati, Perawati; Juniwati, Juniwati; Malini, Helma; Azazi, Anwar; Mustika, Uray Ndaru
Junal Ilmu Manajemen Vol 8 No 1 (2025): January: Management Science and Field
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/jmas.v8i1.589

Abstract

The Indonesian economy is experiencing significant expansion, driven by technological advancements, with financial literacy being crucial to enhancing understanding and financial education among Generation Z in West Kalimantan. The present research aims to examine the influence of financial literacy on the personal financial behavior of Generation Z, both directly and via lifestyle as a mediating variable, while also analyzing the direct impact of financial technology on their personal finances. This study employed a qualitative research technique utilizing a causal associative method, involving a sample of 247 respondents from Generation Z in West Kalimantan. Data were gathered via surveys and analyzed via structural equation modelling (SEM) with SmartPLS 4.0 software. Research findings indicate that financial literacy has a positive and significant influence on the personal finance behavior of Generation Z, with lifestyle serving as an effective mediator. The results underscore the significant of financial literacy and lifestyle in influencing improved financial behavior among Generation Z, with implications for developing more effective financial education programs.