cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
Anita Ade Rahma
Contact Email
anita.aderahma@gmail.com
Phone
+6281363907163
Journal Mail Official
governors.itscience@gmail.com
Editorial Address
Marapalam Raya 7 Padang Sumatera Barat Indonesia
Location
Unknown,
Unknown
INDONESIA
Governors
Published by Information Technology and Science
ISSN : -     EISSN : 29625505     DOI : https://doi.org/10.47709/governors.v1i1
Core Subject : Economy,
Economics, Econometrics & Finance
Governors is interdisciplinary in its scope and encourages submissions from any discipline or any part of the world which addresses any element of the aims of the journal. The journal encompasses the full range of theoretical, methodological, and substantive debates in the area of corporate governance and corporate social responsibility. Contributions which address the link between different disciplines and/or implications for societal, organizational, or individual behavior are especially encouraged.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 106 Documents
 6   7   8   9   10 
Earnings Per Share, Return on Equity, and Debt to Asset Ratio Related to Stock Prices Pratama, Anggara Bangun; Kurnianingsih, Widiyanti; Santoso, Fahrul Imam
GOVERNORS Vol. 4 No. 1 (2025): April-July 2025 Issue
Publisher : Yayasan Cita Cendekiawan Al Khwarizmi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47709/governors.v4i1.6303

Abstract

This study aims to empirically analyze the influence of Earnings Per Share (EPS), Return on Equity (ROE), and Debt to Asset Ratio (DAR) on the stock prices of companies in the financial sector listed on the Indonesia Stock Exchange (IDX). The research uses a quantitative approach with an explanatory design, applying multiple linear regression analysis to simulated panel data for the period 2021–2025. Data were obtained from secondary sources by simulating financial reports and stock prices that realistically reflect historical trends for 10 selected financial companies, resulting in 50 observations. The study employs standard data analysis techniques, including classical assumption tests (normality, multicollinearity, heteroscedasticity, and autocorrelation) to ensure that the model fulfills the BLUE (Best Linear Unbiased Estimator) criteria. The results indicate that EPS and ROE have a significant positive effect on stock prices, whereas DAR has a significant negative effect. The high coefficient of determination (R²) confirms that the model explains most of the variability in stock prices. These findings reaffirm that company profitability and equity management efficiency drive stock price appreciation, while an excessive capital structure relying on high debt can lower investor confidence. This study contributes to the existing literature by providing systematic empirical evidence and serves as a practical reference for investors and financial managers in making informed strategic decisions.
The Value Of Property Companies: Role Of Profitability, Leverage, And Liquidity Agistia, Irine; Santoso, Fahrul Imam
GOVERNORS Vol. 4 No. 1 (2025): April-July 2025 Issue
Publisher : Yayasan Cita Cendekiawan Al Khwarizmi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47709/governors.v4i1.6327

Abstract

This study aims to analyze the effect of profitability, leverage and liquidity on the value of property companies listed on the Indonesia Stock Exchange during the 2020-2024 period. The population was 84 property and real estate companies listed on the Indonesia Stock Exchange. The sample obtained using purposive sampling was 12 companies with 5 years of data, resulting in a total of 60 sample data. All data analyses are conducted using statistical software such as SPSS. The results of the study show that each variable of profitability, leverage, and liquidity has a positive effect on company value. Profitability as measured by the net profit ratio, is proven to be the main factor that increases company value, reflecting the company's ability to generate sustainable profits. Leverage measured by the debt to equity ratio also shows a positive effect, indicating that wise use of debt can increase company value. Meanwhile, liquidity, measured by the current ratio, shows that companies with good liquidity are better able to meet short-term obligations, thereby increasing investor confidence. This study provides important insights for property company management in formulating effective financial strategies to increase company value. These findings also suggest the need for more attention to the management of these three variables to achieve sustainable growth in the property market.
Smart Pricing, Winning Promotions, and Market Share: The Triple Formula for MSME Profitability Ridwan, Muhammad; Mulyani, Sitti Rizki; Putra, Rio Andhika; Kodri, Aida Nur Mohd; Kumbara, Vicky Brama
GOVERNORS Vol. 4 No. 1 (2025): April-July 2025 Issue
Publisher : Yayasan Cita Cendekiawan Al Khwarizmi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47709/governors.v4i1.6336

Abstract

This study investigates the influence of pricing strategy, promotion, and market share on the profitability of Micro, Small, and Medium Enterprises (MSMEs) in Padang City. Using primary data collected through questionnaire surveys and a quota sampling technique, 100 valid responses were analyzed via multiple regression analysis using SPSS. Using multiple regression analysis, the findings show that both pricing and promotional strategies have a positive and significant effect on MSME profitability. Competitive pricing based on production costs and attractive promotions such as discounts and social media campaigns contribute to increased sales and brand recognition. However, market share does not have a significant effect on profitability, likely due to competition intensity, limited resources, and inefficient operations. Based on these results, MSMEs are encouraged to apply flexible pricing strategies, strengthen promotional efforts, and improve operational efficiency. Support from the government and stakeholders through training, digital marketing assistance, and improved access to capital is also recommended. The study is limited by its focus on Padang City, a relatively small sample size, and limited variables. Future research should consider broader geographic coverage, larger samples, additional influencing factors like product quality and external conditions, and the use of mixed methods and longitudinal designs. This research offers valuable insights for improving MSME profitability and serves as a reference for strategic development efforts in similar business environments.
Understanding Implementation Financial Report, Income, Operational Costs And Productivity The Welfare Fishermen Tantri, Leana; Alansori, Apip
GOVERNORS Vol. 4 No. 1 (2025): April-July 2025 Issue
Publisher : Yayasan Cita Cendekiawan Al Khwarizmi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47709/governors.v4i1.6400

Abstract

This study aims to analyze the influence of understanding financial statements, income, operational costs, and productivity on the welfare of fishermen in Sungai Sidang Village, Rawajitu Utara District, Mesuji Regency. The background of this study is based on the fact that fishermen in the area still face challenges in terms of economic stability, limited financial knowledge, and low productivity of fisheries businesses. This study uses a quantitative method with data collection through distributing questionnaires to 40 fishermen who were respondents, and analyzed using the Partial Least Squares Structural Equation Modeling (PLS-SEM) technique with the help of SmartPLS software version 4.0 . The results of the analysis show that operational costs and productivity variables have a significant effect on fishermen's welfare, while understanding financial statements and income have no significant effect. The R-square value of 0.787 illustrates that the four independent variables together are able to explain 76.3% of the variation in fishermen's welfare. This finding underscores the importance of cost efficiency and increased productivity as the main strategy in improving the standard of living of fishermen. This study has implications for the formulation of policies and programs for empowering coastal communities that are more targeted.
Prospective Model on Enhancing Production of Traditional Grains: Evidence from Zimbabwe Mvura, Brendon; Muhoyi, Edgar; Situmorang, Dokman Marulitua
GOVERNORS Vol. 4 No. 1 (2025): April-July 2025 Issue
Publisher : Yayasan Cita Cendekiawan Al Khwarizmi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47709/governors.v4i1.6412

Abstract

Due to the effects of climate change, rain-fed crop (especially maize) production has been reduced, leading to food insecurity. To mitigate crop failure against negative climate change effects, the Zimbabwean government has promoted the production of traditional grains in drought-prone areas. However, according to national targets, production of these traditional grains has been very low, of recent. Therefore, the main objective of this study is to design a model that can enhance the production of traditional grains in Zimbabwe. Thus, the study investigates factors affecting traditional grain production, examined farmers’ perceptions related to institutional and policy support for traditional grain production and identified problems facing Zimbabwe's traditional grain production. A mixed method approach was utilised, where a questionnaire was administered over a sample of 151 farmers, interviewed from three wards in Nkayi district. Qualitative data were obtained through focus group discussions and key informant interviews. Study findings indicate that sorghum is the major crop grown in the area. Regression analysis results reveal that, area, quantity of fertilizer, quantity of seed, and research and development used in the traditional grain production were statistically significant. The study also found out that the five major constraints of traditional grain production in Nkayi district are, in ranked order; quelea birds, pests, shortage of draught power, seed unavailability; and frequent droughts. Based on these key findings, a model that can be used by both the Zimbabwean government and its key stakeholders to enhance production of traditional grains in Zimbabwe is designed.
Sustainability Reporting And Assurance Statement Quality: Analysis of Reporting Practices And Standards Wahyuni, Sri; Intan Maulida; Nasruddin; Putri, Shara Amelia
GOVERNORS Vol. 4 No. 1 (2025): April-July 2025 Issue
Publisher : Yayasan Cita Cendekiawan Al Khwarizmi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47709/governors.v4i1.6432

Abstract

The global issue of sustainability in business and corporate social practices has grown in importance and relevance. Sustainability reports serve as a primary communication tool for companies to inform stakeholders such as investors, consumers, government entities, and the general public about their sustainability practices. However, trust in the believability of sustainability reports is often contested, and many stakeholders doubt the information disclosed in these reports. Thus, the value of assurance in sustainable reporting has been acknowledged in order to check credibility of the data. This research used content analysis technique to review the quality of assurance statement of the assurance providers on sustainability reports of mining sector companies listed at BEI, taking into consideration the types of assurors and various standards used The findings showed that non-accounting assurors offered the highest quality of assurance when compared to its accounting counterparts. Although ISAE 3000 is more dominant as an assurance standard, it still has many limitations compared to AA1000 and GRI, as it does not focus on stakeholder inclusivity, materiality, and responsiveness, which affects the quality of assurance statements.
Transformation of Electoral Regulations and Substantive Democracy in Post Reform Indonesia Puadi, Puadi; Bachtiar, Bachtiar; Wicaksono, Filipus Wahyu
GOVERNORS Vol. 4 No. 1 (2025): April-July 2025 Issue
Publisher : Yayasan Cita Cendekiawan Al Khwarizmi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47709/governors.v4i1.6495

Abstract

Since the 1998 Reform, Indonesia has experienced major changes in its electoral system. However, these changes have not always strengthened democracy in practice. This study aims to examine how the political elite's power has influenced the design and implementation of electoral regulations between 1999 and 2024. Using a qualitative and descriptive-analytical approach, the study draws on institutional theory and the concept of substantive democracy. Data were collected from laws, Constitutional Court decisions, and institutional reports. The findings show that regulations such as electoral thresholds have concentrated power among political elites, limiting political competition and leadership renewal. The open-list system encourages expensive, personality-driven campaigns, weakening accountability and party unity. The use of the noken system in Papua, though culturally affirming, challenges democratic values of equality and individual participation. Widespread vote buying reflects the persistence of patron-client politics. Additionally, the deaths of many polling officers in 2019 highlight the state’s failure to protect election workers. The study concludes that Indonesia’s electoral rules remain procedural and lack substance. Electoral reform is urgently needed to ensure fairness, transparency, and safety in future elections.
Disbursement of Tax Arrears: Active Tax Collection and Tax Audit on Corporate Taxpayers Ristiyana, Rida; Atichasari, Anna Sofia; Dahliana, Dahliana; Erwindiawan, Erwindiawan
GOVERNORS Vol. 4 No. 1 (2025): April-July 2025 Issue
Publisher : Yayasan Cita Cendekiawan Al Khwarizmi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47709/governors.v4i1.6538

Abstract

This study aims to determine the effect of warning letters, forced letters, and confiscation letters on the disbursement of tax arrears with tax audit as a moderation variable. The type of research is quantitative using secondary data with indirect data collection techniques. The population in the study is corporate taxpayers registered at KPP Pratama Tigaraksa. The sampling technique uses purposive sampling. The data analysis method uses panel data through Eviews 10. The results of the parsial of the warning letter had a positive and significant effect on the disbursement of tax arrears, forced letter and confiscation letter had no effect on the disbursement of tax arrears and the results of the MRA tax audit could not moderate the disbursement of tax arrears. The results of this study simultaneously warning letter forced letter, and confiscation letter have an effect on the disbursement of tax arrears. The latest in this study is to add tax audits as a moderation variable with different objects at KPP Pratama Tigaraksa. This research has implications to increase taxpayer awareness in fulfilling tax obligations and assist the Directorate General of Taxes in decision-making policies related to the renewal of active tax collection regulations.
Profitability Moderates Trading Frequency, Volume, And LQ45 Stock Returns Musthofa, Rahmawati Hidayatul; Alfita Rakhmayani
GOVERNORS Vol. 4 No. 1 (2025): April-July 2025 Issue
Publisher : Yayasan Cita Cendekiawan Al Khwarizmi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47709/governors.v4i1.6568

Abstract

This study investigates the influence of trading frequency and trading volume on stock returns, with profitability as a moderating variable, in companies listed in the LQ45 Index on the Indonesia Stock Exchange (IDX) from 2021 to 2024. Using secondary data from annual financial reports and stock trading data, this study employs a quantitative research approach with a purposive sampling method, selecting 45 companies listed in the LQ45 index for the period 2021–2024. The data were collected through documentation techniques from the Indonesia Stock Exchange (IDX) and company financial statements. The analysis was conducted using Moderated Regression Analysis (MRA) to examine both direct and moderating effects. The findings reveal that trading frequency has a positive and significant effect on stock returns, while trading volume does not show a significant effect. Profitability is proven to strengthen the positive relationship between trading frequency and stock returns, but does not moderate the relationship between trading volume and stock returns. These results highlight the role of trading activity and company performance in shaping stock returns, providing insights for investors in making investment decisions.
Do Markets Overreact to Policy Signals? Ni Putu Anindya Sarasija Prameswari; Nalarreason, Kadek Marlina; Andriadi , Komang Dandy
GOVERNORS Vol. 4 No. 1 (2025): April-July 2025 Issue
Publisher : Yayasan Cita Cendekiawan Al Khwarizmi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47709/governors.v4i1.6578

Abstract

This research looks into how the market responded to the Indonesia Stock Exchange's March 18, 2025, trading halt policy, which came after the IHSG fell by a precipitous 5.02%.  The study compares aberrant return and trading volume activities before and after the incident, with a focus on LQ45 stocks.  The study employs an event study methodology and analyzes 45 businesses listed on the LQ45. The assessment of market response is facilitated by the implementation of two distinct statistical methodologies: the Wilcoxon signed-rank test and the paired sample t-test.  The results show no discernible variation in abnormal returns, indicating that the market had already factored in pertinent information when the uncertainty was halted.  Trading volume activity, on the other hand, has significantly increased, suggesting that despite stable prices, investors acted in a certain way in response to the policy signal.  According to the framework of signaling theory, these findings suggest that trading halts continue to affect market attitude and behavior even when price efficiency is preserved, acting as a communication tool as well as a technical intervention.  This study advances our knowledge of how emerging markets interpret policy signals during times of increased uncertainty.

Page 8 of 11 | Total Record : 106

 6   7   8   9   10 

Filter by Year

2022 2025


Reset
Filter By Issues
All Issue Vol. 4 No. 3 (2025): December 2025-March 2026 issue Vol. 4 No. 2 (2025): August-November 2025 Issue Vol. 4 No. 1 (2025): April-July 2025 Issue Vol. 3 No. 3 (2024): December 2024-March 2025 issue Vol. 3 No. 3 (2024): December 2024 issue Vol. 3 No. 2 (2024): August 2024 Issue Vol. 3 No. 2 (2024): August-November 2024 Issue Vol. 3 No. 1 (2024): April 2024 issue Vol. 3 No. 1 (2024): April-July 2024 issue Vol. 2 No. 3 (2023): December 2023 issue Vol. 2 No. 2 (2023): August 2023 Issue Vol. 2 No. 1 (2023): April 2023 issue Vol. 1 No. 3 (2022): December 2022 issue Vol. 1 No. 2 (2022): August 2022 issue Vol. 1 No. 1 (2022): April 2022 Issue More Issue