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Contact Name
Mochammad Fahlevi
Contact Email
fahlevi@stie-kusumanegara.ac.id
Phone
+6281211598747
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Editorial Address
Jl. Raya Bogor KM.24, RT.3/RW.4, Cijantung, Pasar Rebo, Kota Jakarta Timur
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Kota adm. jakarta timur,
Dki jakarta
INDONESIA
Journal of Research in Business, Economics, and Education
Published by STIE Kusuma Negara
ISSN : 26866056     EISSN : 26866056     DOI : -
Core Subject : Economy,
JRBEE: Journal of Research in Business, Economics, and Education is aimed at being a medium for research results dissemination and scientific paper exchanges on the Indonesian economy and business among academics, practitioners, regulators, and public. JRBEE: Journal of Research in Business, Economics, and Education is issued 6 times annually. The Editor receives rigorous research manuscripts that have not been offered for publication elsewhere. In addition, analyses on new economics and business and notes or comments on articles published in the Journal are welcomed. Since its first issue published in 2019.
Articles 338 Documents
Analysis of the Influence of Financial Ratios on Profit Changes in Food and Beverage Subsector Companies Listed on the Indonesian Stock Exchange from 2018 to 2021 Romauli Natalia Br Limbong; Afrida Yanti Siregar; Mohd. Nawi Purba
Journal of Research in Business, Economics, and Education Vol. 5 No. 2 (2023): April 2023
Publisher : Kusuma Negara Business School

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55683/jrbee.v5i2.431

Abstract

The purpose of conducting this research is to test and analyze the effect of CR, QR, DER, DAR, TATO, ITO on changes in profits for food and beverage companies in 2018-2021. A total of 32 companies and 14 company samples were applied in this study, by applying quantitative methods and descriptive types with explanatory research in nature. Data was collected using the concept of documentation, in which the results of this study indicated that CR partially had no effect on changes in earnings with the results of multiple linear regression tests (tcount -1.174 < ttable 2.0095) with a significance value of 0.246 > 0.05. QR also has no effect on changes in profit with a value (tcount -0.043 < ttable 2.0095) accompanied by a significance of 0.966 > 0.05. DER has an effect on changes in profits with a value (tcount 6.981 > ttable 2.0095) accompanied by a significance of 0.000 <0.05. DAR has no effect on changes in earnings with a value (tcount -1.225 < ttable 2.0095) accompanied by a significance of 0.227 > 0.05. TATO has no effect on changes in earnings with a value (tcount 0.515 < ttable 2.0095) accompanied by a significance of 0.609 > 0.05. ITO has no influence on changes in profits with a value (tcount -0.766 < ttable 2.0095) accompanied by a significance of 0.447 > 0.05. Simultaneously CR, QR, DER, DAR, TATO, and ITO have an effect on changes in earnings accompanied by a significance of 0.000 <0.05.
The Impact of Operating Profit Margin, Debt to Equity Ratio, and Current Ratio on Stock Prices of Manufacturing Companies in the Consumer Goods Sector Listed on the Indonesian Stock Exchange for the Period 2016-2018 Vivien Ifana Br Ginting; Dita Stefani Nahampun; Khomeiny Yunior
Journal of Research in Business, Economics, and Education Vol. 5 No. 2 (2023): April 2023
Publisher : Kusuma Negara Business School

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55683/jrbee.v5i2.432

Abstract

This study aims to determine and analyze the impact of the Operating Profit Margin, Debt to Equity Ratio, and Current Ratio of manufacturing companies in the Consumer Goods Industry sector from 2016-2018. The independent variables in this study include the Operating Profit Margin, Debt to Equity Ratio, and Current Ratio, and the dependent variable is the Stock Price. Companies operating in the manufacturing sector of the consumer goods industry are companies with good prospects and are targeted by the public as investment targets. The sampling technique in this study uses purposive sampling with 41 companies sampled using a quantitative method, descriptive research type, explanatory research characteristics, and secondary data type. The population of this study is 51 manufacturing companies in the Consumer Goods Industry sector listed on the Indonesia Stock Exchange from 2016 - 2018. In hypothesis testing, this study uses Multiple Linear Regression Analysis. From the hypothesis testing in this study, it can be concluded that the Operating Profit Margin (OPM), Debt to Equity Ratio (DER), and Current Ratio (CR), which are independent variables, do not significantly influence the Stock Price of consumer goods industry sector companies listed on the Indonesia Stock Exchange for the period 2016-2018, which is the dependent variable. In addition, the partial hypothesis testing results in this study show that the Operating Profit Margin (OPM) does not significantly affect the Stock Price of consumer goods industry sector companies listed on the Indonesia Stock Exchange for the period 2016 - 2018, whereas the Debt to Equity Ratio (DER) and Current Ratio (CR) do not significantly affect the Stock Price of consumer goods industry sector companies listed on the Indonesia Stock Exchange for the period 2016-2018.
The Influence of Current Ratio, Net Profit Margin, Debt to Equity Ratio on Stock Prices of Cigarette Companies Listed on the Indonesia Stock Exchange from 2018-2021 Novita S.G Siahaan; Puput Sanny Casanova Sidabalok; Christine Sitanggang; Perbawaty Angelica; Helman Helman; Fajrillah Fajrillah
Journal of Research in Business, Economics, and Education Vol. 5 No. 3 (2023): June 2023
Publisher : Kusuma Negara Business School

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55683/jrbee.v5i3.438

Abstract

The aim of this research is to discern the correlation between the Current Ratio, Net Profit Margin, and Debt to Equity Ratio variables, and the stock price movement of tobacco companies that have operating licenses on the Indonesia Stock Exchange (IDX) during the period of 2018-2021. The most appropriate method for this research topic is multiple linear regression analysis. This study has successfully passed classical assumption tests, which include normality, multicollinearity, autocorrelation, and heteroskedasticity tests. The purposive sampling method was utilized for the selection of research samples. Out of the total population, only three companies met the criteria and were selected as samples for this study. Based on the research findings, it has been demonstrated that the Current Ratio has a positive and significant correlation with stock price movement when considered individually. Similarly, the Net Profit Margin also exhibits a positive and significant correlation with stock price movement. However, no positive correlation has been observed between the Debt to Equity Ratio and the Stock price. In addition to these findings, it has been observed that the Current Ratio, Net Profit Margin, and Debt to Equity Ratio simultaneously exhibit a positive and significant correlation with the closing prices of shares of tobacco companies. This suggests that these three variables need to be collectively taken into account when analyzing the factors that influence the stock price movement of tobacco companies listed on the IDX.
Analysis of Return on Asset, Net Profit Margin, Debt to Equity Ratio, on Stock Prices of Financial Mari Ananda; Fitri Diana Gulo; Mohd. Nawi Purba; Wenny Anggeresia Ginting
Journal of Research in Business, Economics, and Education Vol. 5 No. 3 (2023): June 2023
Publisher : Kusuma Negara Business School

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55683/jrbee.v5i3.439

Abstract

This research aims to analyze the Return On Assets, Net Profit Margin, and Debt to Equity Ratio, and their impact on the Stock Prices of Financial Sector Banking Companies listed on the Indonesia Stock Exchange for the period 2016 – 2021. This study uses purposive sampling techniques based on secondary data and is classified as explanatory research, with a quantitative approach. The research sample consists of 37 banking companies, which are part of a total population of 46 banking companies. Multiple Linear Regression Analysis is used to test the hypothesis in this study. The test results indicate that, partially, Return On Assets (X1) significantly affects the Stock Prices of banking companies, while the other two independent variables, namely, Net Profit Margin (X2) and Debt to Equity Ratio (X3), do not significantly affect the Stock Prices. However, simultaneously, the variables of Return On Assets, Net Profit Margin, and Debt to Equity Ratio have been proven to have a positive effect on the Stock Prices of Financial Sector Banking Companies listed on the Indonesia Stock Exchange during the period 2016-2021.
The Influence of Profitability, Debt Policy, and Liquidity on Firm Value in The Food and Beverage Sector on the Indonesian Stock Exchange From 2018-2021 Jordhan Baik Simanjuntak; Katrin Monika Silaban; Deby Sintiya Febina Br Sitepu; Sam Gilbert Tarigan; Herlina Novita
Journal of Research in Business, Economics, and Education Vol. 5 No. 3 (2023): June 2023
Publisher : Kusuma Negara Business School

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55683/jrbee.v5i3.440

Abstract

The food and beverage industry are a manufacturing sector that processes raw materials into finished goods in the form of food and drink products. The Indonesia Stock Exchange (IDX) categorizes this industry under the non-cyclical consumer sector. This study employed a quantitative research method, which, according to Sugiyono (2018), is a research method based on the philosophy of positivism, used to study a specific population and sample. The results revealed that profitability, liquidity, and debt policy simultaneously influence the firm value in the food and beverage sub-sector registered on the Indonesia Stock Exchange for the 2018-2021 period. This conclusion is evidenced by the T-test results. The calculated T-value for profitability's influence on firm value is 4.046, which exceeds the table T-value of 1.998, and the significance level is 0.000, which is less than 0.05. Therefore, it can be concluded that profitability partially has a significant and positive influence on firm value. The T-test results for liquidity's impact on firm value showed a calculated T-value of -0.094, which is less than the table T-value of 1.998, and a significance level of 0.926, which exceeds 0.05. Therefore, it can be inferred that liquidity has a negative impact on firm value. The T-test results for debt policy's impact on firm value showed a calculated T-value of 2.024, which exceeds the table T-value of 1.998, and a significance level of 0.047, which is less than 0.05. Therefore, it can be inferred that debt policy partially has a significant and positive impact on firm value. Based on the calculated F-value of 8.465, which exceeds the table F-value of 2.75, the study accepts the hypothesis that profitability, liquidity, and debt policy simultaneously influence the firm value.
The Impact of Return on Assets, Debt Equity Ratio, and Return on Equity on Stock Prices of Food and Beverage Manufacturing Companies Listed on the Indonesia Stock Exchange from 2019 to 2021 Khomeiny Yunior; Amelia Putri; Tasya Dasfitri Rapmian Hutasoit; Juanda Arjuna Sirait
Journal of Research in Business, Economics, and Education Vol. 5 No. 3 (2023): June 2023
Publisher : Kusuma Negara Business School

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55683/jrbee.v5i3.441

Abstract

The purpose of this study is to examine and analyze the influence of Return on Assets (ROA), Debt to Equity Ratio (DER), and Return on Equity (ROE) on stock prices in food and beverage sector manufacturing companies listed on the Indonesia Stock Exchange. In conducting the analysis, there are various types of ratios with different functions that can be used. Of the numerous ratios, the financial ratios used in this study are ROA, DER, and ROE as independent variables, and the Stock Price as the dependent variable. The sample collection technique in this study used a purposive sampling technique with 30 companies selected as samples from a population of 54 food and beverage sector industries for the 2019-2021 period, which are listed on the Indonesia Stock Exchange (IDX). The method in this study uses a quantitative approach and the data source in this study uses secondary data sources that include documentation studies. This method is used to gather data from companies related to the variables under study. In testing the hypothesis, this study uses Multiple Linear Regression Analysis. From the hypothesis testing in the study, it was found that, simultaneously, ROA, DER, and ROE, which are the independent variables, influence the Stock Price of food and beverage manufacturing companies listed on IDX for the 2019-2021 period, which is the dependent variable. In addition, the results of partial hypothesis testing in this study found that, partially, ROA, DER, and ROE do not affect the Stock Price of manufacturing companies listed on the IDX for the 2019-2021 period.
The Effect of the Implementation of Reward, Incentive, and Punishment Methods on Employee Performance at PT. Anugerah Alam Berastagi Ice Monika Br Torus Pane; Andre Fitriano; Theresia Monalisa Br Tarigan; Sintia Perbinia Br Ginting; M. Tahir
Journal of Research in Business, Economics, and Education Vol. 5 No. 3 (2023): June 2023
Publisher : Kusuma Negara Business School

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55683/jrbee.v5i3.442

Abstract

The purpose of this research is to find out whether the application of the reward, incentive, and punishment methods affect the performance of employees at PT. Anugrah Alam Berastagi. This research approach is based on a quantitative approach. The population in this sample in this study consists of 53 employees. Data collection techniques used questionnaires, interviews, and documentation studies. The use of data analysis will use multiple linear regression analysis. The results of the partial hypothesis testing obtained a t-count > t-table or 4.380>2.009 and a significance of 0.000 < 0.05, so partially the reward has a positive and significant effect on the performance of PT. Anugrah Alam Berastagi employees. The results of the partial hypothesis testing obtained a t-count > t-table or 2.226 > 2.009 and a significance of 0.000 < 0.05, so partially the incentive has a positive and significant effect on the performance of PT. Anugrah Alam Berastagi employees. The results of the partial hypothesis testing obtained a t-count > t-table or 4.478 > 2.009 and a significance of 0.000 < 0.05, so partially it can be concluded that punishment has a positive and significant effect on the performance of PT. Anugrah Alam Berastagi employees. The test results obtained an F-count (28.486) > F-table (2.79) and a significance probability of 0.000 < 0.05 means that simultaneously rewards, incentives, and punishment have a positive and significant effect on the performance of PT. Anugrah Alam Berastagi employees.
The Influence of Information Asymmetry and Managerial Ownership on the Value of the Company (A Case Study on Manufacturing Companies Listed on the Indonesia Stock Exchange from 2019-2021) Gracia Margaretha Damanik; Dinda Putri Irawan; Mohd. Nawi Purba; M. Ikbar Pratama
Journal of Research in Business, Economics, and Education Vol. 5 No. 3 (2023): June 2023
Publisher : Kusuma Negara Business School

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55683/jrbee.v5i3.443

Abstract

The increasing value of a company is something that is aimed for when establishing a company, and this is done for the prosperity of the shareholders. Shareholders will also experience an increase in well-being when the value of a company's stock rises. A company's value increases when there's a reduction in information asymmetry (imbalance), allowing the company to have complete information about itself. The following research aims to analyze the influence of information asymmetry and managerial ownership on a company (Case Study on Manufacturing Companies listed on the IDX in 2019-2021). The method used in this research is quantitative, and the type of research is descriptive quantitative. The sample for this study includes 55 companies selected based on certain considerations over three years, 2019-2021, totaling 252 research samples. This research found that the value of manufacturing companies registered in the IDX from 2019-2021 is positively and partially influenced by information asymmetry and managerial ownership. Management and institutions should balance their share ownership in a company. In doing so, there will be no creation of minority and majority sides, making all shareholders equally responsible for selecting programs/plans to increase management utility, resulting in an increase in company value by both parties. As a result, this triggers an increase in the disclosure of social responsibility followed by an increase in the company's value.