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Mochamamd Arif Budiman
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INDONESIA
Indonesian Journal of Applied Accounting and Finance
Published by Politeknik Negeri Banjarmasin
ISSN : -     EISSN : 28288572     DOI : https://doi.org/10.31961/
Core Subject : Economy,
Economics, Econometrics & Finance
Indonesian Journal of Applied Accounting and Finance (IJAAF) is a publication of original research and writing in the area of applied accounting and finance (ISSN 2828-8572). The IJAAF aims to provide a forum for scholarly understanding of the field of applied accounting and finance. The journal encompasses a variety of topics, including Financial Accounting, Management Accounting, Islamic Accounting, Behavioral Accounting, Public Sector Accounting, Sustainability Accounting, International Accounting, Accounting Education, Accounting Information Systems, Auditing, Taxation, Finance, Financial Management, Financial Technology, Islamic Banking and Finance, Corporate Governance and Finance, Capital Market, Investment, and Banking.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 134 Documents
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PENGARUH PERTUMBUHAN PENJUALAN DAN STRUKTUR MODAL TERHADAP PERTUMBUHAN LABA DENGAN FIRM SIZE SEBAGAI VARIABEL KONTROL PADA SUBSEKTOR FOOD AND BEVERAGE YANG TERDAFTAR DI BEI PERIODE 2020 – 2024 Faridah Rahmawati; Cynthia Eka Violita
Indonesian Journal of Applied Accounting and Finance Vol. 6 No. 1 (2026): June
Publisher : P3M Politeknik Negeri Banjarmasin

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31961/ijaaf.v6i1.15720

Abstract

This study investigates influence sales growth and capital structure on profit growth by considering firm size as a control variable in food and beverage companies listed on Indonesia Stock Exchange (IDX) over 2020–2024 period.Observation period was restricted 2024 because audited financial statements for 2025 fiscal year were not yet fully available for all sampled companies at  time data were collected. Consequently, 2020–2024 period was selected to ensure consistency and reliability  empirical analysis. The research adopts a quantitative approach using an associative research design, with sample determined through purposive sampling. The empirical findings reveal that sales growth has a positive and statistically significant influence on profit growth. In contrast, capital structure and firm size do not exhibit statistically significant partial effect on profit growth. However, simultaneous analysis confirms that these variables collectively have a significant influence on profit growth. The Adjusted R-Squared value 14.69% indicates model explains 14.69%  variation in profit growth, while remaining 85.31% attributable other factors beyond scope proposed model. The main contribution this study is incorporation  firm size as a control variable, allowing for a more comprehensive assessment relationship between sales growth, capital structure, and profit growth. The findings are expected contribute to developmen empirical research in financial management and provide useful insights for corporate managers and investors in designing strategies improve financial performance and support investment decision-making
Price to Book Value as a Moderator of Profitability Signals and Stock Prices: Evidence from Indonesia's Industrial Sector Rifda Salsabila Putri Kholiq; M. Mustaqim
Indonesian Journal of Applied Accounting and Finance Vol. 6 No. 1 (2026): June
Publisher : P3M Politeknik Negeri Banjarmasin

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31961/ijaaf.v6i1.15738

Abstract

To capture what genuinely steers stock values, this study dives into how ROA and ROE shape share prices in the industrial market, while tracking how Price-to-Book Value (PBV) moderates these connections. The scope centers on companies within the IDXINDUST Index on the Indonesia Stock Exchange over the 2022–2024 timeframe. Employing an explanatory quantitative method, the project draws on secondary data from a purposive sample of 42 firms, resulting in 126 panel data points. Data computation relied on panel regression models and MRA executed via EViews 13. Interestingly, the statistical output indicates that ROA plays no real role in shifting stock prices, whereas ROE shows a clear upward influence. PBV also emerged as a significant moderating force it tones down the impact of ROA but strongly reinforces the positive ties between ROE and stock values. These dynamics clearly demonstrate that modern investors do not evaluate profitability in a vacuum; instead, they integrate market valuation deeply into their investment choices.
Revisiting ESG Performance in Islamic Capital Markets: Sustainable Leadership as a Strategic Moderator Happy Sista Devy; Syifa Rohmah; Adel Mohammed Sarea; Arina Roudhotul Jannah
Indonesian Journal of Applied Accounting and Finance Vol. 6 No. 1 (2026): June
Publisher : P3M Politeknik Negeri Banjarmasin

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31961/ijaaf.v6i1.15740

Abstract

This study aims to analyze the effect of Environmental, Social, and Governance (ESG) practices on projected financial performance using Return on Assets (ROA) and market performance measured by stock prices, with sustainable leadership as a moderating variable. The research subjects are companies listed on the SRI-KEHATI Index and the Indonesian Sharia Stock Index. The research method used is quantitative with a causality approach, using multiple regression tests and Moderated Regression Analysis (MRA) through E-Views software. The research subjects are companies listed on the SRI-KEHATI Index and the Indonesian Sharia Stock Index. The research method used is quantitative with a causality approach, using multiple regression tests and Moderated Regression Analysis (MRA) through E-Views software. The results show that ESG practices have a significant positive effect on financial performance (ROA), but a significant negative effect on stock prices. Originality/Values: These findings indicate that although the implementation of ESG can improve company efficiency and profitability, the high implementation costs can actually cause negative investor perceptions in the short term. Furthermore, sustainable leadership was found to moderate the effect of ESG on ROA, but not on stock prices. Thus, the results of this study emphasize the importance of an ESG implementation strategy that is integrated with sustainable leadership in order to improve financial performance without reducing the company's market value.
Bahasa Inggris Siti Nurfijriyah; Dessy Handa Sari; Mahsun
Indonesian Journal of Applied Accounting and Finance Vol. 6 No. 1 (2026): June
Publisher : P3M Politeknik Negeri Banjarmasin

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31961/ijaaf.v6i1.15744

Abstract

This study aims to analyze the effect of Return on Equity (ROE), Debt to Equity Ratio (DER), and Earning per Share (EPS) on stock prices in banking companies listed on the Indonesia Stock Exchange (IDX). The background of this study is based on the importance of stock prices as an indicator of company value that investors pay attention to in making investment decisions. Information contained in financial ratios, such as profitability, capital structure, and earnings per share, can provide signals regarding the condition and prospects of the company, thereby influencing stock price movements. This study uses a quantitative approach with secondary data obtained from the financial statements of banking companies listed on the Indonesia Stock Exchange. The research sample was determined using a purposive sampling technique according to predetermined criteria. Data analysis was carried out using multiple linear regression methods with the help of the SPSS program. The results of the study indicate that Return on Equity (ROE) has a negative effect on stock prices, Debt to Equity Ratio (DER) has a negative effect on stock prices, while Earning per Share (EPS) has a positive effect on stock prices. These results indicate that increasing earnings per share provides a positive signal to investors, driving up stock prices. Meanwhile, ROE and DER exhibit an inverse relationship with stock prices in banking companies during the study period. This research is expected to serve as a reference for investors considering financial ratios before making investment decisions, and for companies seeking to improve their financial performance

Page 14 of 14 | Total Record : 134

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