Article Per Year (5 Year)
p-Index From 2020 - 2025
0.61
P-Index
This Author published in this journals
All Journal Indatu Journal of Management and Accounting Grimsa Journal of Business and Economics Studies
Hardia, Natasha Athira Keisha
Unknown Affiliation
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Energy Environmental Science Social Sciences Other

Published : 3 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 3 Documents
Search

 1 
Assessing the Linkage Between Sustainability Reporting and Indonesia’s Firm Value: The Role of Firm Size and Leverage Hardi, Irsan; Idroes, Ghalieb Mutig; Hardia, Natasha Athira Keisha; Fajri, Irfan; Furqan, Nurul; Noviandy, Teuku Rizky; Utami, Resty Tamara
Indatu Journal of Management and Accounting Vol. 1 No. 1 (2023): September 2023
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/ijma.v1i1.79

Abstract

Sustainability reporting is widely regarded as an essential factor in enhancing a firm's value. In light of its importance, this study examines the impact of three sustainability reporting indicators - sustainability reporting disclosure, sustainability reporting index, and sustainability reporting score - on firm value, as well as determining the role of firm size and leverage. Utilizing a sample of 200 companies listed on the Indonesia Stock Exchange (IDX) during the research period from 2013 to 2021, the results of panel data regression reveal that two of the three indicators have a significant impact on firm value. Specifically, the sustainability reporting index exerts a positive impact, while the sustainability reporting score has a negative effect on firm value. Furthermore, path analysis estimations reveal that sustainability reporting mediates the positive relationship between firm size and firm value. This study's empirical findings underscore that sustainability reporting plays a pivotal role in shaping a firm's value, and these insights can be valuable for businesses and investors seeking to understand the financial implications associated with sustainability reporting.
Dynamic Impact of Inflation and Exchange Rate in Indonesia's Top 10 Market Capitalization Companies: Implications for Stock Prices Hardi, Irsan; Idroes, Ghalieb Mutig; Utami, Resty Tamara; Dahlia, Putri; Mirza, Muhammad Alfin Falha; Humam, Rais Aulia; Chairunnisa, Rizka; Hardia, Natasha Athira Keisha; Mahdani, Rimal
Indatu Journal of Management and Accounting Vol. 1 No. 2 (2023): December 2023
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/ijma.v1i2.110

Abstract

Macroeconomic factors are widely believed to have a crucial role in affecting a company's financial health and, ultimately, its stock price. The study addresses this important issue by investigating the long-term impact of inflation and exchange rates on firm stock prices. This study adopts both panel and cross-firm modeling, along with a dynamic approach, which no prior study has ever conducted in Indonesia’s top 10 market capitalization companies. It utilizes monthly data spanning from September 2008 to August 2023. To generate insights into long-term effects, the study applies the Dynamic Ordinary Least Squares (DOLS) method, with a robustness check using the Fully-Modified Ordinary Least Squares (FMOLS) method. The econometric estimations yield results that are consistent with the hypotheses, indicating that the rise in inflation levels has a negative effect, while the strengthening of the domestic currency in exchange rates positively influences firm stock prices in the long term. This implies that investors should carefully assess and navigate inflationary environments, consider diversifying their portfolios across industries and international markets, and maintain a long-term perspective when making investment decisions in the unique context of Indonesia's market landscape.
Examining the Static and Dynamic Relationship Between Policy Rates and Stock Prices: A Panel Data Analysis Hardia, Natasha Athira Keisha; Rezeki, Gebrina
Grimsa Journal of Business and Economics Studies Vol. 1 No. 1 (2024): January 2024
Publisher : Graha Primera Saintifika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61975/gjbes.v1i1.16

Abstract

This study aims to examine the impact of the central bank’s interest rate on the stock price of the top five largest capitalization companies in Indonesia from January 2009 to December 2022. The research method employs both static and dynamic approaches, including Ordinary Least Squares (OLS), Robust Least Squares (RLS), Dynamic Ordinary Least Squares (DOLS), and Fully-Modified Ordinary Least Squares (FMOLS) methods. The results of econometric estimation align with the theory and this study's hypothesis, indicating that the increase of the central bank's interest rate negatively impacts company stock prices, especially in the long term. This valuable empirical evidence suggests that investors with a long-term perspective may need to reassess their portfolios in light of anticipated changes in monetary policy. Proactively monitoring these developments can help companies and investors make timely and well-informed decisions.
Co-Authors Chairunnisa, Rizka Dahlia, Putri Fajri, Irfan Furqan, Nurul Hardi, Irsan HUMAM, RAIS AULIA Idroes, Ghalieb Mutig Mirza, Muhammad Alfin Falha Rezeki, Gebrina Rimal Mahdani Teuku Rizky Noviandy Utami, Resty Tamara