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All Journal Competitive Jurnal Akuntansi dan Keuangan International Journal of Management Science and Information Technology (IJMSIT)
Wida Purwidianti
Muhammadiyah University Purwokerto
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

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The Effect of Financial Ratios and Company Size on Stock Price (Empirical Study on Jakarta Islamic Index 70) Hani Lutpiah Sungkar; Suryo Budi Santoso; Wida Purwidianti; Eko Hariyanto
International Journal of Management Science and Information Technology Vol. 5 No. 1 (2025): January - June 2025
Publisher : Lembaga Komunitas Informasi Teknologi Aceh (KITA), Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35870/ijmsit.v5i1.3637

Abstract

This study aims to find empirical evidence regarding the effect of several financial ratios, the population in this study are companies listed in the Jakarta Islamic Index 70 (JII70) index during the 2021-2023 period. The method used is quantitative with data analysis using multiple linear regression. The research sample was obtained from the IDX database and selected using the purposive sampling method with a total eligible sample of 43 companies for three years, resulting in 129 data. The results showed that Earning Per Share (X1), Return on Eqity (X2) and Price to Earnings Ratio (X4) had a positive and significant effect on stock price, Firm Size (X6) had a negative effect on stock price, but the variables Net Profit Margin (X3), Debt to Equity Ratio (X5) had no effect on Stock Price (Y).
CAPITAL STRUCTURE OF INDONESIAN BANKING FIRMS: THE EFFECTIVENESS OF INDEPENDENT COMMISSIONERS Rega Dwi Cahyani; Maulida Nurul Innayah; Wida Purwidianti; Yudhistira Pradhipta Aryoko
COMPETITIVE Vol 9 No 2 (2025): Competitive Jurnal Akuntansi dan Keuangan
Publisher : Universitas Muhammadiyah Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31000/competitive.v9i2.12242

Abstract

This study aims to analyse the effect of family ownership proxied by political connections on capital structure with independent commissioners as a moderating variable in banking companies listed on the Indonesia Stock Exchange from 2018 to 2022. The sampling technique used is purposive sampling, which produces 140 observations. The data analysis technique used is panel data regression model analysis using Stata 17. The results of the preliminary test show that this study uses a fixed effect model. The results of this study found that family ownership has a negative and significant effect on capital structure. In addition, this study found that political connections and independent commissioners have a positive and significant effect on capital structure. Furthermore, the results of the moderation test show that independent commissioners strengthen the negative effect of family ownership and weaken the positive effect of political connections on capital structure. Based on the results of this study, banking companies in Indonesia need to pay attention to political connections and independent commissioners because they have been proven to increase the proportion of company debt, which is considered to reduce agency problems according to agency theory and resource-based theory.
WHAT DRIVES CAPITAL STRUCTURE? EVIDENCE FROM PROPERTY AND REAL ESTATE COMPANIES Shasa Pramesti; Naelati Tubastuvi; Wida Purwidianti; Totok Haryanto
COMPETITIVE Vol 9 No 1 (2025): Competitive Jurnal Akuntansi dan Keuangan
Publisher : Universitas Muhammadiyah Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31000/competitive.v9i1.14593

Abstract

Capital structure is the ratio or composition of debt and equity used to finance a company's operational activities. Capital structure reflects long-term decisions related to funding sources and is an important factor in determining a company's risk and return. This study examines the influence of profitability, liquidity, company size, and asset structure on capital structure in the property and real estate sector listed in Indonesia. The population in this study consists of 94 companies in the property and real estate sector listed on the Indonesia Stock Exchange from 2021 to 2023. Data collection was conducted using the secondary method, employing purposive sampling and unbalanced data, resulting in a sample of 58 companies with 139 observations. The data were analyzed quantitatively using descriptive statistics. The results of this study indicate that profitability and asset structure do not influence capital structure. Liquidity has a negative impact on capital structure. Company size has a positive impact on capital structure. Based on the research findings, property and real estate companies should not rely on profitability and asset structure to determine their capital structure. Companies should focus on liquidity and company size, as higher liquidity reduces dependence on debt financing.
Co-Authors Eko Hariyanto Hani Lutpiah Sungkar Maulida Nurul Innayah Naelati Tubastuvi Rega Dwi Cahyani Shasa Pramesti Suryo Budi Santoso Totok Haryanto Yudhistira Pradhipta Aryoko