Articles
<![CDATA[Does the boycott affect Israel-affiliated companies in Indonesia? ]]>
<![CDATA[Nurman Ilham Fadzilah]]>;
<![CDATA[Lenni Yovita]]>;
<![CDATA[Dwi Eko Waluyo]]>;
<![CDATA[Vicky Oktavia]]>
<![CDATA[ Finance : International Journal of Management Finance Vol. 1 No. 4 (2024): June ]]>
Publisher : <![CDATA[Publikasi Inspirasi Indonesia ]]>
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DOI: 10.62017/finance.v1i4.48
<![CDATA[This study aims to analyze changes in abnormal returns and trading volume Activity (TVA) before and after the announcement of MUI Fatwa Number 83 of 2023 on companies that are targeted for boycott and allegedly affiliated with Israel. The researcher used an event study approach with an event window of 100 days before and 100 days after the announcement of MUI Fatwa Number 83 of 2023 to calculate abnormal returns and trading volume activity. The analysis step carried out in this study is to test the normality of the data first to see if the data has been distributed normally or not, then to test the hypothesis. For normally distributed data, the Paired Sample T-test will be used and the normally undistributed data will use Wilcoxon Signed Rank. The results of this study showed that there was no significant difference in abnormal returns before and after the boycott, but there was a significant difference in trading volume activity before and after. These findings reflect that the boycott has no significant impact and the impact of the boycott is only temporary. However, the action reacted to changes in market sentiment due to the boycott that affected the trading of shares of the boycotted target companies.]]>
<![CDATA[Key Determinant Factors of Firm Value for Energy Sector Companies ]]>
<![CDATA[Marsella Dyah]]>;
<![CDATA[Lenni Yovita]]>;
<![CDATA[Herry Subagyo]]>;
<![CDATA[Vicky Oktavia]]>
<![CDATA[ International Journal of Economics, Management and Accounting Vol. 2 No. 2 (2025): International Journal of Economics, Management and Accounting ]]>
Publisher : <![CDATA[Asosiasi Riset Ekonomi dan Akuntansi Indonesia ]]>
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DOI: 10.61132/ijema.v2i2.584
<![CDATA[The aim of this research is to analyze the determinant factors of Firm Value in Energy Sector Companies listed on IDX 2020-2023. the variable selected in this study were profitability, capital structure and firm size as an independent variable, and Firm Value as a dependent variable. data collection techniques use the purposive sampling method. using secondary data obtained from financial reports on IDX from 2020-2023 with a total of 34 companies. based on the result of the tests prove that profitability has positive significant effect on Firm value, Capital Structure has A significant effect on Firm value, and Firm Size has a positive significance effect o Firm Value. By bridging these concepts, this research explores a deeper understanding of how profitability, capital structure, and company size can have a positive impact on company value. The findings of this research have significant implications for financial management in determining the amount of company value by taking into account profitability, capital structure and company size in investment decisions. ]]>
<![CDATA[The Key Determination Factors of Profitability for Banking Sector Companies ]]>
<![CDATA[Anggita Arsyikirani]]>;
<![CDATA[Lenni Yovita]]>;
<![CDATA[Amalia Nur Chasanah]]>;
<![CDATA[Vicky Oktavia]]>
<![CDATA[ International Journal of Economics, Management and Accounting Vol. 2 No. 2 (2025): International Journal of Economics, Management and Accounting ]]>
Publisher : <![CDATA[Asosiasi Riset Ekonomi dan Akuntansi Indonesia ]]>
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DOI: 10.61132/ijema.v2i2.595
<![CDATA[This study aims to analyze the factors influencing the profitability of banking companies in Indonesia, using banking ratios as independent variables. The study identifies three main variables believed to significantly impact profitability, measured by Return on Assets (ROA). The banking sector in Indonesia has been through many changes over the years. The author intends to assess the factors influencing profitability using several banking ratios. Although all three variables of banking ratios does significantly influence the rate of ROA, two of them gave negative influence to the ROA. It suggests that profitability rate is something that tend to influenced by financial ratios either positive or negative. That profitabilities influenced by influenced by the financial activity itself. The study uses regression analysis to examine the relationship between these variables and profitability. These findings provide valuable insights for bank managers and regulators to understand the factors that should be considered in efforts to improve the financial performance of banks in Indonesia. In addition, the results of this study are expected to serve as a reference for policy decisions that support the stability and growth of the banking sector in the country]]>
<![CDATA[Linking ESG and EMA to Firm Value The Moderating Role of Green Innovation ]]>
<![CDATA[Adelia Rifa Sabila]]>;
<![CDATA[Lenni Yovita]]>;
<![CDATA[Vicky Oktavia]]>;
<![CDATA[Suhita Whini Setyahuni]]>
<![CDATA[ International Journal of Economics, Management and Accounting Vol. 2 No. 2 (2025): International Journal of Economics, Management and Accounting ]]>
Publisher : <![CDATA[Asosiasi Riset Ekonomi dan Akuntansi Indonesia ]]>
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DOI: 10.61132/ijema.v2i2.606
<![CDATA[This study investigates the impact of Environmental, Social, and Governance (ESG) and Environmental Management Accounting (EMA) on firm value, with Green Innovation (GI) as a moderating variable. The research is based on secondary data from manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2021 to 2023, analyzed using path analysis with a moderated regression approach in SPSS. The findings reveal that ESG has a significant but negative impact on firm value, suggesting that ESG investments may be perceived as cost burdens in the short term. Meanwhile, EMA does not have a significant effect on firm value, indicating that its role in firm valuation remains unclear. The moderating role of GI does not significantly strengthen the relationship between ESG and firm value, while the interaction between EMA and GI negatively affects firm value,implying that green innovation strategies may introduce additional financial burdens. These findings highlight the complexity of sustainability investments and emphasize the need for a balanced approach to ESG and EMA implementation to optimize long-term firm value. The study contributes to legitimacy and stakeholder theories by demonstrating how sustainability strategies can influence financial outcomes. It provides practical insights for businesses to develop more effective ESG disclosure and EMA implementation strategies that align with investor expectations and long-term firm sustainability]]>
<![CDATA[Factors Influencing Financial Distress : Evidence from Indonesia Consumer Cyclical Companies ]]>
<![CDATA[Melina Putri Rusmawati]]>;
<![CDATA[Lenni Yovita]]>;
<![CDATA[Vicky Oktavia]]>;
<![CDATA[Suhita Whini Setyahuni]]>
<![CDATA[ International Journal of Economics, Management and Accounting Vol. 2 No. 2 (2025): International Journal of Economics, Management and Accounting ]]>
Publisher : <![CDATA[Asosiasi Riset Ekonomi dan Akuntansi Indonesia ]]>
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DOI: 10.61132/ijema.v2i2.620
<![CDATA[This research investigates the key factors influencing companies registered on the Indonesia Stock Exchange (IDX) that is experiencing financial distress between the years 2021 to 2023. In this study, 353 data points were selected from the target population using purposive sampling. Three key financial ratios were utilized as indicators of financial distress: Profitability can be measured by Return on Assets (ROA), while the Current Ratio (CR) is used to measure liquidity. Meanwhile, The Logarithm of Natural to Total Assets (LnTA) is a metric for evaluating a company’s size. Multiple regression analysis is performed utilizing SmartPLS 4.0 software to analyze the connection between these factors and the probability of experiencing financial distress. The findings indicate a significant negative association between liquidity (CR) and company size (LnTA) with financial distress. In contrast, profitability (ROA) demonstrates an insignificant negative correlation with financial distress. This study contributes to the literature by providing a comprehensive analysis of the factors influencing financial distress in Indonesia consumer cyclical companies employs signaling theory to interpret the relationships discovered.]]>
<![CDATA[The Role of Impulsiveness: Affective, Cognitive, and Financial Literacy on Financial Behavior In Generation Z Student ]]>
<![CDATA[Kholida Arfaletha]]>;
<![CDATA[Dian Prawitasari]]>;
<![CDATA[Ana Kadarningsih]]>;
<![CDATA[Vicky Oktavia]]>
<![CDATA[ International Journal Business, Management and Innovation Review Vol. 2 No. 2 (2025): : International Journal Business, Management and Innovation Review ]]>
Publisher : <![CDATA[Universitas Veteran Bangun Nusantara Sukoharjo ]]>
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DOI: 10.62951/ijbmir.v2i2.136
<![CDATA[Generation Z refers to the population group born between 1997 and 2012. Generation Z, as digital natives, are skilled in using technology, the internet, and mobile systems, making it easy for them to shop online and increasing their tendency to be consumptive in daily activities. To reduce consumptive behavior, it is important to get used to good financial management. Of course, several factors can affect financial behavior itself. The purpose of this study is to analyze whether impulsiveness: affective and cognitive, and financial literacy, have a significant effect on the financial behavior of Generation Z students. The sampling technique is done by distributing questionnaires online through Google Forms. SEM-PLS was selected to process the data obtained. The results of this study state that affective impulsiveness doesn’t have a significant negative influence on financial behavior. Meanwhile, cognitive impulsiveness has a significantly negative impact on financial behavior in Generation Z Students.]]>
<![CDATA[Performance Evaluation of Financial Management by the City Government of Tegal, Indonesia During the COVID-19 Pandemic Period ]]>
<![CDATA[Pulung Adiluhung Putro]]>;
<![CDATA[Vicky Oktavia]]>;
<![CDATA[Ana Kadarningsih]]>;
<![CDATA[Linda Ayu Oktoriza]]>
<![CDATA[ International Journal Business, Management and Innovation Review Vol. 2 No. 2 (2025): : International Journal Business, Management and Innovation Review ]]>
Publisher : <![CDATA[Universitas Veteran Bangun Nusantara Sukoharjo ]]>
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DOI: 10.62951/ijbmir.v2i2.150
<![CDATA[This study aims to analyze the effectiveness of public sector financial management using five financial ratios and measure changes in Tegal City's Regional Budget (APBD) from 2020 to 2023. The research method uses a quantitative descriptive approach with secondary data from Tegal City's Budget Realization Reports. The results show the best Effectiveness Ratio occurred in 2021-2023 (81-90%), the highest Independence Ratio was in 2020 (77%), the most optimal Efficiency Ratio was in 2020 (7%), the best Degree of Decentralization Ratio was in 2022-2023 (31%), and the highest PAD Growth Ratio was in 2021-2023 (83-105%). Overall, Tegal City's financial performance from 2020-2023 showed positive trends in effectiveness and PAD growth, but requires improvements in efficiency and fiscal independence. The study provides recommendations for the Tegal City Government to optimize regional financial management through improved budget efficiency and reduced dependence on central government funds.]]>
<![CDATA[Determinasi Kinerja Keuangan di Perusahaan Sektor Property & Real Estate Periode 2019-2023 ]]>
<![CDATA[Anandyaningsih Risnika Putri]]>;
<![CDATA[Almira Santi Samasta]]>;
<![CDATA[Vicky Oktavia]]>;
<![CDATA[Suhita Whini Setyahuni]]>
<![CDATA[ MANAJEMEN Vol. 5 No. 1 (2025): MEI : MANAJEMEN (Jurnal Ilmiah Manajemen dan Kewirausahaan) ]]>
Publisher : <![CDATA[LPPM Politeknik Pratama ]]>
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DOI: 10.51903/manajemen.v5i1.911
<![CDATA[This study's goal is to ascertain the connection between liquidity ratio (CR), asset management (TATO), capital structure (DAR) and firm size on financial performance, The property & real estate firms that were listed between 2019 and 2023 on the Indonesia Stock Exchange (IDX). The study's sample, which was 52 companies in a period of (5) periods with a total of 260 data. The multiple regression analysis is used in this study method with the type of panel data with the Random Effect Model (REM) method. According to the study's findings that asset management has a favorably and significantly effect on financial performance, capital structure has a negatively and significantly effect on financial performance, but liquidity ratio and firm size have no effect on financial performance.]]>
<![CDATA[Analisis Financial Distress: Altman, Grover, Dan Springate Pada Perusahaan Tekstil dan Garmen di Bei Periode 2019-2023 ]]>
<![CDATA[Rahma Fadila Rahayu]]>;
<![CDATA[Vicky Oktavia]]>;
<![CDATA[Linda Ayu Oktoriza]]>;
<![CDATA[Maria Safitri]]>
<![CDATA[ MANAJEMEN Vol. 5 No. 1 (2025): MEI : MANAJEMEN (Jurnal Ilmiah Manajemen dan Kewirausahaan) ]]>
Publisher : <![CDATA[LPPM Politeknik Pratama ]]>
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DOI: 10.51903/manajemen.v5i1.918
<![CDATA[This study examines the differences in bankruptcy prediction results using three financial distress models, namely Altman Z-Score, Grover, and Springate. The object of research is textile and garment companies listed on the Indonesia Stock Exchange during the 2019-2023 period. A total of eight companies were selected as samples through purposive sampling technique. The data used is secondary data in the form of financial statements. Data processing was carried out by calculating each model using Microsoft Excel, while statistical testing was carried out through the Shapiro-Wilk and Kruskal-Wallis tests with the help of SPSS version 26 software. The analysis results show that there are significant differences between the three models in predicting potential financial difficulties. The Grover model shows the highest accuracy rate of 100%, followed by the Altman model at 87.50%, and the Springate model at 37.50%.]]>
<![CDATA[Implikasi Penerapan Good Corporate Governance terhadap Kinerja Keuangan pada Perusahaan Perbankan ]]>
<![CDATA[Nindia Salsha Noveka]]>;
<![CDATA[Bara Zaretta]]>;
<![CDATA[Agus Prayitno]]>;
<![CDATA[Vicky Oktavia]]>
<![CDATA[ Jurnal Akuntansi, Ekonomi dan Manajemen Bisnis Vol. 5 No. 3 (2025): November : Jurnal Akuntansi, Ekonomi dan Manajemen Bisnis ]]>
Publisher : <![CDATA[Pusat Riset dan Inovasi Nasional ]]>
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DOI: 10.55606/jaemb.v5i3.7472
<![CDATA[This study aims to analyze the influence of institutional ownership, managerial ownership, and independent commissioners as mechanisms of Good Corporate Governance on the financial performance (ROA) of banking companies in Indonesia. Using a quantitative approach with an associative method, secondary data were collected from 47 banking companies listed on the Indonesia Stock Exchange during the period 2019–2023. The analysis was conducted using descriptive statistics, classical assumption tests, and multiple linear regression with SPSS. The results show that institutional ownership and independent commissioners have a positive and significant effect on ROA, while managerial ownership has no significant effect. However, simultaneously, the three variables have a significant effect on Return on Assets (ROA). Future research is recommended to expand the scope of variables and consider other industry sectors in order to obtain more comprehensive insights into the impact of Good Corporate Governance mechanisms on financial performance.]]>
