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All Journal INTERNATIONAL JOURNAL OF SOCIETY REVIEWS (INJOSER) Scripta Economica: Journal of Economics, Management, and Accounting
Muhammad Al Faridho Awwal
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Economics, Econometrics & Finance Social Sciences

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THE ROLE OF FINANCIAL LEVERAGE IN PREDICTING EARNINGS PER SHARE: A PANEL DATA APPROACH Muhammad Al Faridho Awwal
INTERNATIONAL JOURNAL OF SOCIETY REVIEWS Vol. 3 No. 1 (2025): JANUARY
Publisher : Adisam Publisher

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Abstract

This study aims to analyze the role of financial leverage in predicting earnings per share (EPS) using a panel data approach. Leverage is measured using the Debt to Equity Ratio (DER) and Debt to Asset Ratio (DAR), while EPS is used as the main indicator of the company's profitability performance. The research sample consists of non-financial sector companies listed on the Indonesia Stock Exchange during the period 2018–2023, selected using purposive sampling technique. The analysis method used is panel data regression with the Fixed Effect Model (FEM) approach, which was chosen based on the results of the Hausman test. The research results indicate that leverage has a negative and significant impact on EPS, which suggests that excessive use of debt can reduce earnings per share due to high interest expenses. These findings have important implications for company management in optimally managing capital structure and for investors in assessing the company's financial risk.
THE INFLUENCE OF WORKING CAPITAL MANAGEMENT ON PROFITABILITY: EVIDENCE FROM THE MANUFACTURING SECTOR Muhammad Al Faridho Awwal
INTERNATIONAL JOURNAL OF SOCIETY REVIEWS Vol. 3 No. 2 (2025): FEBRUARY
Publisher : Adisam Publisher

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This study aims to examine the effect of working capital management on the profitability of manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the period 2019–2023. Working capital is proxied through three main components, namely accounts receivable turnover, inventory turnover, and accounts payable, while profitability is measured using Return on Assets (ROA) and Net Profit Margin (NPM). The research method used is a quantitative approach with a causal-comparative type of research and panel data regression analysis techniques to identify cause-and-effect relationships between variables. The research results indicate that the effectiveness of managing receivables and inventory significantly positively affects the company's profitability, while the use of trade credit as short-term financing also contributes positively if managed proportionally. This research emphasizes the importance of integrated working capital management strategies to enhance operational efficiency and the competitiveness of companies in the manufacturing sector. The implications of these findings provide practical guidance for financial managers in designing optimal working capital policies to achieve sustainable profitability.
Pengaruh Literasi Keuangan Islam terhadap Keputusan Investasi Generasi Milenial Muhammad Al Faridho Awwal
Journal of Economics, Management, and Accounting Vol 1 No 1 (2025): Scripta Economica: Journal of Economics, Management, and Accounting
Publisher : CV SCRIPTA INTELEKTUAL MANDIRI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65310/dfwety56

Abstract

This study examines the influence of Islamic financial literacy on the investment decisions of Indonesia’s millennial generation amid the growing relevance of ethical and sharia-based finance. Using a qualitative descriptive method through library research, the study analyzes theories, prior findings, and secondary data from OJK and academic sources. The results show that Islamic financial literacy positively shapes millennial awareness, attitudes, and confidence in making investment decisions, encouraging participation in Islamic investment products. However, literacy levels remain relatively low due to limited formal education, lack of engaging educational media, misconceptions about complexity, and low product accessibility. Barriers such as information asymmetry and minimal innovation still hinder broader adoption, though digital platforms and influencer engagement offer promising solutions. The study concludes that improving Islamic financial literacy requires collaboration between the government, industry, academics, and digital communities through education, innovation, and inclusive digital strategies. Enhancing millennial literacy will not only strengthen the Islamic finance sector but also support ethical and sustainable economic growth aligned with Islamic principles.
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