Claim Missing Document
Check
Articles

Found 13 Documents
Search

MARKET MICROSTRUCTURE THEORY: FIXED EFFECT MODEL APPROACH ON COMPANY FUNDAMENTALS PROFITABILITY Devi, Wiara Sanchia Grafita Ryana; Arfiansyah, Ferry; Pranata, Rengga Madya; Damaianti, Indriana; Kharisma, Mita
Jurnal Signaling Vol 13, No 1 (2024): Jurnal Signaling
Publisher : STMIK Pringsewu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56327/signaling.v13i1.1682

Abstract

The concept of market microstructure, or market microstructure theory, examines the dynamics behind the formation of stock prices in Indonesia. There are three primary categories that may be used to categorize the many explanations offered by academics and researchers on the processes that lead to the establishment of stock prices on the Exchange. In this work, a quantitative methodology is utilized to evaluate hypotheses and confirm market microstructure theory, and signal theory. This research makes use of secondary data, namely information gleaned from the Indonesia Stock Exchange for the years 2017-2020. The data in question cover the period of time. The State-Owned Enterprises (BUMN) group, of which the research sample is a member, provides the sample for this study. The findings of the study indicate that there is a connection between fundamentals and profitability.
Building digital entrepreneurs in Indonesia: The role of education, competence, and self-efficacy Arfiansyah, Ferry; Suryana, Suryana; Mulyadi, Hari; Gaffar, Vanessa; Pranata, Rengga Madya
Jurnal Fokus Manajemen Bisnis Vol. 15 No. 2 (2025)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/fokus.v15i2.14492

Abstract

As digital transformation progresses, understanding the elements that motivate students in higher education to pursue digital entrepreneurship has become increasingly essential. Indonesia, as one of the largest developing digital economies, provides a vital context where high digital literacy among youth has not yet translated into strong entrepreneurial activity, making its university students a critical population for examining the education–intention gap. Most prior studies addressed digital entrepreneurial education and competence independently, with limited efforts to link them in explaining entrepreneurial motivation. This research analyzes the intermediary influence of digital entrepreneurial self-efficacy in bridging the effects of digital entrepreneurial education and digital competence on students’ entrepreneurial intentions among 173 university students in West Java, Indonesia, utilizing a structural equation modeling approach. Analysis outcomes demonstrate that digital education and competence strengthen students’ confidence to initiate digital ventures. This heightened self-efficacy, in turn, becomes the most decisive factor influencing entrepreneurial intention. Digital competence alone does not directly foster intention but becomes influential when accompanied by strong self-belief, indicating that technical proficiency must be complemented by psychological readiness. The research merges the theory of planned behavior and social cognitive theory to construct its conceptual framework to connect intention development with efficacy processes, illustrating how digital learning and skills collectively foster entrepreneurial motivation. Practically, it highlights the importance of educational designs that simultaneously build competence and confidence to cultivate capable and resilient digital entrepreneurs.
Leadership, Entrepreneurial Characteristics, and MSME Performance: The Mediating Role of Interpersonal Communication Nandang, Nandang; Jamaludin, Asep; Wanta, Wanta; Pranata, Rengga Madya
International Journal of Information System and Innovation Management (IJISIM) Vol. 3 No. 2 (2025): International Journal of Information System and Innovation Management
Publisher : Yayasan Pendidikan Islam Al-Matani

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55583/ijisim.v3i2.2024

Abstract

This study aims to examine the effects of leadership and entrepreneurial characteristics on business performance, with interpersonal communication serving as a mediating variable among Micro, Small, and Medium Enterprises (MSMEs) in Telukjambe Timur District, Karawang Regency. The study population comprised 147 MSME actors, from which a sample of 105 respondents was selected. A descriptive quantitative approach was employed, and Structural Equation Modeling (SEM) was used to analyze the relationships among the variables in the proposed research model. The findings reveal that leadership and entrepreneurial characteristics have positive and significant effects on interpersonal communication. Furthermore, both leadership and entrepreneurial characteristics positively influence business performance. Interpersonal communication also demonstrates a positive effect on business performance and plays a significant mediating role in the relationship between leadership, entrepreneurial characteristics, and business performance. These results highlight the importance of effective leadership, strong entrepreneurial traits, and interpersonal communication in enhancing MSME performance.