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INDONESIA
International Journal of Finance Research
ISSN : -     EISSN : 2746136X     DOI : 10.47747
Core Subject : Economy, Social,
International Journal of Finance Research (IJFR) is a peer-reviewed journal which publishes original research papers. IJFR has been published since 2020. It is currently published quarterly (March, June, September & December). Areas of research include, but are not limited to Finance and Investment, capital markets, financial institutions, corporate finance & corporate governance. e-ISSN: 2746-136X. The Digital Object Identifier (DOI) is assigned to each published article and the journal is indexed by Crossref, Neliti.Com, Dimensions and Google Scholar.
Articles 131 Documents
The Financial Performance of the English Football Clubs Rompotis, Gerasimos G
International Journal of Finance Research Vol. 5 No. 2 (2024): International Journal of Finance Research
Publisher : Training & Research Institute - Jeramba Ilmu Sukses (TRI-JIS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/ijfr.v5i2.1792

Abstract

The financial performance of twenty English football clubs over the period 2013-22 is examined in this study with correlation and panel data analysis. Three performance measures are used: Return on Assets (ROA), Return on Equity (ROE), and Profit Margin. The size of clubs and their liquidity, leverage, efficiency, cash flow efficiency, and turnover per employee are employed as explanatory variables of performance. Sporting data, including attendance rate, the number of wins, the uncertainty in the Premier League, participation in the Premier League or not, and the presence in UEFA’s European club competitions, are also assessed. The empirical findings accentuate a positive relationship between performance and liquidity, efficiency, cash flow efficiency, and revenue per employee. The opposite is the case for leverage. Wins are positively related to ROA, while the opposite relationship is found for the uncertainty factor. Finally, the presence of clubs in the Premier League is positively associated with their financial performance    
Co-movements between Stock Markets and Exchange Rates: Empirical Evidence from the G20 Nations Suri, Ritu Kumar; Gauba, Sucheta; Chandran, A Porchelvi
International Journal of Finance Research Vol. 5 No. 3 (2024): International Journal of Finance Research
Publisher : Training & Research Institute - Jeramba Ilmu Sukses (TRI-JIS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/ijfr.v5i3.1934

Abstract

This study investigates the relationship between stock markets and exchange rate markets in the short and long run for G20 countries by analyzing weekly stock market returns and exchange rates from January 2008 to March 2023. This study uses the CD test for testing cross-sectional dependence in all the panel series, and unit root tests are employed to verify the stationarity properties of variables. Based on the above results, the panel ARDL model and PMG estimator are used to establish the long-run and short-run cointegrating relation between the stock and exchange rate markets. We have found a stable positive relationship between the stock markets and the exchange rate of G20 countries in the long run, but a negative association was found in the short run. These findings highlight the intricate dynamics between stock markets and exchange rates and the interconnectedness of G20 nations. The robust positive long-term correlation and the short-term negative association exhibit the differential impacts of macroeconomic variables over varying time horizons
The Effect of Investment Motivation and Knowledge on Student Investment Interest in the Capital Market Zainal, Rabin Ibnu; Lianda, Okta; Oktavianti, Santi; Haqiqi, Teuku Muhammad
International Journal of Finance Research Vol. 5 No. 2 (2024): International Journal of Finance Research
Publisher : Training & Research Institute - Jeramba Ilmu Sukses (TRI-JIS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/ijfr.v5i2.1961

Abstract

This research, with practical implications for the field of finance and economics, aims to determine the influence of investment motivation and knowledge on student investment interest in the capital market. The population in the study was 565 students from the Faculty of Economics, Universitas Sumatera Selatan, with samples taken using the Slovin formula, so 85 respondents were involved in this research. The data collected used a questionnaire, and this research technique used a purposive sampling technique. This research used Multiple linear regression analysis to analyze data. The findings of this research show that partial investment motivation and interest have a positive and significant influence. There is a positive and significant influence between investment knowledge partially on investment interest, and there is motivation and investment knowledge simultaneously on investment interest
Effects Of Board Characteristics On Financial Sustainability Of Quoted Nigerian Banks Maimako, Livinus Nkuri; Latiff, Ahmed Razman Abdul; Yusoff, Wan Fadzila Wan
International Journal of Finance Research Vol. 5 No. 3 (2024): International Journal of Finance Research
Publisher : Training & Research Institute - Jeramba Ilmu Sukses (TRI-JIS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/ijfr.v5i3.1965

Abstract

Using Agency theory to examine the relationship between board characteristics and corporate governance financial sustainability. Board size, diversity, and independence are autonomous, but financial leverage is controlled. This study examined how board features impact Nigerian banks' financial sustainability. Stata statistical tool was used to assess how board independence, diversity, and size impact financial sustainability in a convenience sample of thirteen Nigerian banks operating on the Nigerian stock exchange from 2014 to 2020. Financial leverage-controlled board characteristics. Independent board members statistically increased long-term financial sustainability. A company's long-term financial viability may improve with a board with fewer outside demands and conflicts. Financial sustainability requires independent boards of directors. Board size did not affect financial sustainability or gender diversity. Despite their potential benefits, such as broader viewpoints and improved decision-making, board diversity and size did not significantly influence the financial sustainability of the stated Nigerian banks. Diverse boards improve decision-making and widen viewpoints. Financial leverage as a control variable influences corporate viability. Due to financial risks and volatility, high financial leverage may hurt banks' long-term existence. These studies explain how corporate governance affects a company's long-term financial survival. An independent board of directors is necessary for a bank's long-term financial sustainability. The study concluded that board size and diversity may not guarantee long-term financial sustainability. Duality, organisational scale, and their interaction must be studied to understand board traits and financial sustainability
Analysis of Banking Risk Effect on The Profitability of Islamic Commercial Banks in Indonesia Siregar, Helly Aroza
International Journal of Finance Research Vol. 5 No. 3 (2024): International Journal of Finance Research
Publisher : Training & Research Institute - Jeramba Ilmu Sukses (TRI-JIS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/ijfr.v5i3.1968

Abstract

This research aims to analyze the effect of banking risk consisting of credit risk, liquidity risk and operational risk on banking profitability. Credit risk is proxied by Net Performing Finance (NPF), liquidity risk is proxied by Finance to Deposit Ratio (FDR), and operational risk is proxied by Operating Expenses and Operating Income (BOPO), while Net Returns measure profitability. The method used is panel data analysis with the Gretl application using data from Islamic Commercial Banks in Indonesia that meet specific criteria. The data observation period is from quarter 4 of 2013 to quarter 3 of 2023, so there are 200 observations. The research results show that credit risk and operational risk significantly negatively affected profitability, while liquidity risk had no effect. This research implies that Islamic banking should channel the funds that have been successfully collected to be distributed to debtors, especially those operating on an MSME scale so that the level of banking liquidity risk can be more stable and prospect to have an impact on increasing banking profitability.  
The Influence of Job Characteristics and Job Satisfaction on Employee Performance in Plantation Companies Raihan, Ahmad; Agustian, Wiwin; Septayuda, Irwan
International Journal of Finance Research Vol. 5 No. 3 (2024): International Journal of Finance Research
Publisher : Training & Research Institute - Jeramba Ilmu Sukses (TRI-JIS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/ijfr.v5i3.1980

Abstract

This research, employing a unique quantitative method, seeks to ascertain the influence of job characteristics and job satisfaction on employee performance in plantation companies. The data was collected through a comprehensive questionnaire distribution process. The sampling technique used was saturated sampling, ensuring the inclusion of all population members as samples. The data analysis techniques included reliability test, normality test, multicollinearity test, heteroscedasticity test, multiple linear regression test, coefficient of determination test, hypothesis test (t-test), and simultaneous test (F test). The results of this research underscore the positive and significant effect of job characteristics and job satisfaction on employee job performance
Evaluating the Impact of Service Quality and Trust on Customer Loyalty in Financial Institutions Rapita, Rapita; Gunarto, Muji; Helmi, Sulaiman; Elpanso, Efan
International Journal of Finance Research Vol. 5 No. 3 (2024): International Journal of Finance Research
Publisher : Training & Research Institute - Jeramba Ilmu Sukses (TRI-JIS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/ijfr.v5i3.1981

Abstract

This study was conducted at PT. Permodalan Nasional Madani (PNM) Unit Ilir Timur 2-2 Palembang to measure the effect of service quality and trust on customer satisfaction and its impact on customer loyalty. The background of this study is based on the rapid economic development in Indonesia, which drives an increase in the financial needs of the community, making the role of financing institutions increasingly important. The purpose of this study is to explore how service quality, trust, and satisfaction affect customer loyalty. The method used is a quantitative method with a positivistic approach, utilizing multiple linear regression analysis. Data were obtained from 100 respondents selected using purposive sampling techniques. The results of the study indicate that service quality has a significant effect on customer loyalty, with a regression coefficient of 0.763 and a significance value of 0.000. However, customer trust and customer satisfaction do not show a significant effect on loyalty in this model. Therefore, it is recommended that PT. PNM focuses more on improving service quality to strengthen customer loyalty, while trust and satisfaction should still be considered through a more specific approach and measurement. The study concludes that although service quality is a major factor in building loyalty, it is important for companies not to ignore the role of trust and satisfaction in the long term
Assessing the Role of Price and Service Quality in Influencing Customer Decisions at K24 Wahid Hasyim Pharmacy, Palembang Al hady, M. Ridho; Darwin, Darwin; Syakina, Bella
International Journal of Finance Research Vol. 5 No. 3 (2024): International Journal of Finance Research
Publisher : Training & Research Institute - Jeramba Ilmu Sukses (TRI-JIS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/ijfr.v5i3.1984

Abstract

In the competitive business landscape, effective marketing strategies are crucial, especially in the resilient and growing pharmacy industry. This study examines how price and service quality affect consumer purchasing decisions at K24 Pharmacy on Jl. KH Wahid Hasyim Palembang. Given the Indonesian pharmacy sector's rapid growth, particularly during the COVID-19 pandemic, understanding consumer behavior is essential. Despite K24 Pharmacy's competitive advantages, it faces significant competition. The study aims to determine the impact of price and service quality on consumer decisions at K24 Pharmacy, offering strategic insights for improvement. Conducted from April to May 2024, this quantitative research surveyed 100 customers using a structured questionnaire. Data analysis involved descriptive statistics and multiple regression analysis using SPSS software to evaluate the influence of price and service quality on purchasing decisions. Findings reveal that service quality significantly affects purchasing decisions, while price does not have a statistically significant impact. The reliability test showed high internal consistency for both variables and normality and multicollinearity tests confirmed data suitability for regression analysis. Service quality, including reliability, responsiveness, assurance, empathy, and physical evidence, has a significant positive relationship with purchasing decisions. Conversely, price factors like affordability, quality alignment, and competitiveness did not significantly influence consumer choices. K24 Pharmacy should focus on enhancing service quality to boost consumer satisfaction and loyalty. While maintaining competitive pricing, the emphasis should be on improving service aspects, which more substantially impact purchasing decisions. In conclusion, the research underscores the critical role of service quality in consumer decision-making at K24 Pharmacy, providing strategic insights for sustaining and enhancing its market position.
Determinants of Capital Structure in Energy Sector Companies Listed on the Indonesia Stock Exchange Niati, Sukur; Sartika, Dewi
International Journal of Finance Research Vol. 5 No. 3 (2024): International Journal of Finance Research
Publisher : Training & Research Institute - Jeramba Ilmu Sukses (TRI-JIS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/ijfr.v5i3.1991

Abstract

Capital structure is the balance between long-term debt and company capital. The source of capital itself can be obtained from debt sources and shareholder capital. which is also owned by the investor so that through a combination of these sources of funds, namely through debt and company capital, it can increase company profits. This study aims to determine the effect of return on assets, growth opportunity, sales growth, and asset structure on capital structure in energy sector companies listed on the Indonesia Stock Exchange in 2021-2023. This research uses a descriptive method with a quantitative approach. The population observed in this study were all energy sector companies listed on the Indonesia Stock Exchange, totaling 87 companies. The sample selection method in this study was determined by the purpose sampling method. The number of samples taken in this study were 20 companies. The results showed that the variable return on assets has no significant effect on capital structure, growth opportunity has a significant negative effect on capital structure, sales growth has a significant positive effect on capital structure, and asset structure has no significant effect on capital structure. This research implies that it is expected to provide input as a consideration for investors in making investments. In addition, this research is expected to contribute and refer to further research
The Effect of Accounting Information System Quality, Service Quality and System Security on User Satisfaction of M- Banking Based Applications at Bank Sumsel Babel Wijayanti, Feliantika; Terzaghi, Muhammad Titan
International Journal of Finance Research Vol. 5 No. 3 (2024): International Journal of Finance Research
Publisher : Training & Research Institute - Jeramba Ilmu Sukses (TRI-JIS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/ijfr.v5i3.1996

Abstract

This study aims to analyze the effect of accounting information system quality, service quality and system security on user satisfaction of m-banking-based applications at Bank Sumsel Babel. This research uses descriptive methods with a quantitative approach. The population in this study were customers who used mobile banking at Bank Sumsel Babel, with as many as 198,017 customers. The number of samples taken in this study was 400 respondents. The sampling technique was carried out using the Slovin technique, namely the random sampling method (random sampling technique). The type of data used in this study is primary data collected directly through the data collection process using the distribution of questionnaires using Google Forms. The results showed that the quality of accounting information systems, service quality, and system security had a positive and significant effect on user satisfaction of m-banking-based applications at Bank Sumsel Babel and simultaneously that the quality of accounting information systems, service quality and system security had a positive and significant effect on user satisfaction of m-banking-based applications at Bank Sumsel Babel

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