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The Influence of Capital Expenditure, Nickel Exports, Nickel Prices, and Return on Equity on Stock Prices of Nickel Mining Companies in Indonesia Lesmana, Angga Setia; Defung, F; Jamaluddin, Jamaluddin
Formosa Journal of Multidisciplinary Research Vol. 3 No. 10 (2024): October 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/fjmr.v3i10.11626

Abstract

This research aims to investigate the effect of Capital Expenditure, Nickel Exports, Nickel Prices, and Return on Equity on Stock Prices of Nickel Mining Companies in Indonesia during the period of 2014-2023. The research design uses a causal approach. The population of this study is nickel mining companies in Indonesia that are registered by the Indonesia Stock Exchange throughout the research period, 2014-2023, with the total population of 8 companies. This study uses saturation sampling method. There are 8 companies as samples of this study, resulting in 66 financial report data. The data is analyzed using the multiple regression. The research findings indicate that capital expenditure has a significant and positive effect on the stock price of nickel mining companies (Significance value is 0.000 <α = 0.05). Nickel exports do not affect the stock price of nickel mining companies (Significance value is 0.064 > α = 0.05). Nickel prices do not affect the stock price of nickel mining companies (Significance value is 0.311 > α = 0.05). Return on Equity has a significant and positive effect on the stock price of nickel mining companies (Significance value is 0.015 <α = 0.05).
The Influence of Liquidity, Solvency, And Foundation Size on Profitability with Perception-Based Financial Management as a Moderating Variable at the Al Istiqamah Integrated Education Foundation Balikpapan Nur' Ana, Andi; Defung, F; Wardhani, Wirasmi
Jurnal Pendidikan Indonesia Vol. 6 No. 11 (2025): Jurnal Pendidikan Indonesia
Publisher : Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/japendi.v6i11.8822

Abstract

This study aims to analyze the influence of liquidity, solvency and foundation size on profitability with perception-based financial management as a moderating variable at Yayasan Pendidikan Al Istiqamah Terpadu Balikpapan (YPAITB). The research employs a quantitative approach using a case study design, where primary data were collected through Likert-scale questionnaires distributed to 31respondents consisting of foundation leaders and financial managers. Data were analyzed using Moderated Regression Analysis (MRA) and complemented by a financial trend analysis covering the period 2014-2023. The results show that perceived liquidity and solvency have positive but insignificant effects in profitability, while foundation size (number of students) has a positive and significant effect, indicating that student growth contributes to operational surplus. Moreover, financial management  does not moderated the relationships between liquidity, solvency and foundation size with profitability, suggesting that the moderating hypotheses are not supported. The trend analysis reveals that YPAITB’s liquidity and solvency remained relatively stable from 2014-2023, while profitability declined temporarily due to facility expansion and relocation but improved afterward as asset utilization became more efficient. The study concludes that effective financial management and student capacity growth are critical factors in sustaining financial performance in educational foundations. Theoritically, the findings reinforce the relevance of Financial Sustainability Theory and the Resource-Based View (RBV) in nonprofit contexts. Practically, the study recommends improving financial mangement competencies, strengthening technology-based governance, and focusing on student growth strategies to enhance long-term financial sustainability.