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Factors That Influence Stock Prices In The Financial Sector On The Indonesian Stock Exchange Wawan Andang Saputra
Journal of Multidisciplinary Science Vol. 3 No. 2 (2024): October
Publisher : Lembaga Penelitian dan Pengabdian kepada Masyarakat Institut Studi Islam Sunan Doe

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58330/prevenire.v3i2.392

Abstract

An important element that investors pay attention to before investing is observing the company's stock price. Banking is an industry that plays an important role in contributing to the Indonesian economy. The aim is to determine the correlation of liquidity, solvency, firm size, exchange rates, credit risk and capital with stock prices in banking partially and simultaneously. The independent factors in this research are liquidity which is proxied by the current ratio, solvency is using DER, company size is using the natural logarithm of total assets, the exchange rate is proxied by the middle rate, credit risk is proxied by NPL and capital is proxied by CAR. The dependent factor in this research is the stock price. Research samples were obtained from financial reports listed on the Indonesia Stock Exchange. This research uses quantitative methods, the analysis technique used is descriptive statistics, while the research hypothesis is tested using multiple linear regression analysis with statistical tools. The determination of the sample was carried out using a purposive sampling method in banking. The results of this research show that simultaneously liquidity, solvency, company size, credit risk, exchange rates, and capital can influence bank stock prices. Partially, stock prices are positively correlated with firm size. However, stock prices are still negatively correlated with credit risk as a proxy for NPL. While stock prices have no correlation with liquidity, solvency, exchange rate and capital.
Analisis Altman Z-Score Untuk Mendeteksi Financial Distress Pada Perusahaan Perkebunan Kelapa Sawit yang Terdaftar di Bursa Efek Indonesia Nurlaila Fitriani; Wawan Andang Saputra
Jurnal Pengabdian Kepada Masyarakat Al-Amin Vol. 3 No. 2 (2025): July 2025
Publisher : STAI Al-Amin Gersik Kediri Lombok Barat-NTB

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54723/jpa.v3i2.437

Abstract

The palm oil industry is a vital pillar of the Indonesian economy, yet companies in this sector often face financial distress risks. This study explores the financial condition of palm oil plantation firms listed on the Indonesia Stock Exchange using the Altman Z Score method. Four key financial ratios, WCTA, RETA, EBITTA, and BVETL, were applied in the analysis. The sample was determined through purposive sampling and included sixteen companies with sixty four financial observations covering the years two thousand twenty to two thousand twenty three. Data were collected from annual reports and processed using Microsoft Excel, producing scores that classified companies into safe, grey, or distress zones. The results reveal that most firms maintained stability. In two thousand twenty three, seventy five percent of firms were in the safe zone, thirteen percent in the grey zone, and thirteen percent in the distress zone. Eleven firms consistently remained safe, one stayed in the grey zone, one persistently distressed, while three shifted between categories. These findings demonstrate that the Altman Z Score is not only an analytical tool but also a practical guide for investors in evaluating risk and shaping accurate investment strategies
Pengaruh Rasio Keuangan dan Pertumbuhan Laba terhadap Harga Saham Pada Perusahaan Manufaktur Sub-Sektor Makanan & Minuman tahun 2019 – 2023 yang Terdaftar di Bursa Efek Indonesia (BEI) Mellinda Agustina; Wawan Andang Saputra
Jurnal Pengabdian Kepada Masyarakat Al-Amin Vol. 3 No. 2 (2025): July 2025
Publisher : STAI Al-Amin Gersik Kediri Lombok Barat-NTB

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54723/jpa.v3i2.438

Abstract

The stock prices of food and beverage companies often draw attention because this sector is considered resilient against economic fluctuations. This study aims to explore the factors that may influence stock price movements by focusing on five main aspects which are profitability, liquidity, solvency, inventory turnover, and earnings growth. The research was conducted on 15 manufacturing companies in the food and beverage sub sector listed on the Indonesia Stock Exchange during the period of 2019 to 2023 with a total of 75 observations. Samples were selected using purposive sampling and the data were processed with SPSS 25 through several stages including descriptive statistics, data quality tests, classical assumption tests, and multiple regression analysis. The findings indicate that profitability and earnings growth have a significant effect on stock prices. In contrast, liquidity, solvency, and inventory turnover do not show a meaningful impact. Nevertheless, when tested simultaneously, all five variables still contribute to stock price movements. This result highlights that external factors beyond the research model may play a more dominant role in shaping the stock performance of food and beverage companies.
Hubungan Teori Fraud Hexagon Sebagai Pendeteksi Kecurangan Laporan Keuangan Pada Perusahaan Kelapa Sawit Yang Terdaftar di BEI Tefanny; Wawan Andang Saputra
Jurnal Pengabdian Kepada Masyarakat Al-Amin Vol. 3 No. 2 (2025): July 2025
Publisher : STAI Al-Amin Gersik Kediri Lombok Barat-NTB

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54723/jpa.v3i2.439

Abstract

Financial statement fraud remains a critical issue in the business world, particularly within the palm oil plantation sector listed on the Indonesia Stock Exchange (IDX). This study explores the role of the Fraud Hexagon framework in explaining the potential occurrence of financial statement fraud during the 2019–2023 period. The Fraud Hexagon emphasizes six key aspects: external pressure, ineffective monitoring, rationalization, director turnover, political connections, and CEO duality. The research employs a quantitative approach using logistic regression, with the Beneish M-Score model applied as a tool to detect possible financial manipulation. The sample consists of 17 companies observed over five years, resulting in 85 data points. Findings indicate that only rationalization, represented by total accruals to total assets (TATA), has a significant effect on financial statement fraud. In contrast, other variables such as leverage, independent commissioners, director turnover, political connections, and CEO duality do not show meaningful influence. These results highlight that earnings management through accruals serves as a crucial indicator in detecting fraudulent behavior, particularly within the Indonesian palm oil plantation industry throughout the study period.