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Contact Name
Ahmad Ashifuddin Aqham
Contact Email
ahmad.ashifuddin@gmail.com
Phone
+6288215137076
Journal Mail Official
danang@stekom.ac.id
Editorial Address
Universitas 45 Surabaya Jl Mayjend Sungkono 106 Surabaya, info@univ45sby.ac.id, (031) 56112 14; (031) 563 39 05
Location
Kota surabaya,
Jawa timur
INDONESIA
Inisiatif: Jurnal Ekonomi, Akuntansi Dan Manajemen
ISSN : 29645328     EISSN : 29620813     DOI : 10.30640
Core Subject : Economy, Science,
Kajian-kajian tersebut diharapkan dapat memperkaya khasanah keilmuan di bidang manajemen dan bisnis sehingga dapat menjadi salah satu referensi bagi para akademisi, pemangku kepentingan dan masyarakat luas. Manajemen SDM Keuangan Akutansi Ekonomi Islam
Articles 383 Documents
Pengaruh Literasi Keuangan, Gaya Hidup dan Lingkungan Sosial terhadap Financial Management Behavior Mahasiswa Adik Fe Universitas Widya Mataram Aswan Aswan
Inisiatif: Jurnal Ekonomi, Akuntansi dan Manajemen Vol. 5 No. 3 (2026): Inisiatif: Jurnal Ekonomi, Akuntansi dan Manajemen
Publisher : Universitas 45 Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30640/inisiatif.v5i3.6903

Abstract

Financial management behavior is one of the important aspects for students in managing financial resources effectively. However, there are still students who have difficulties in planning, controlling expenses, and making the right financial decisions. This condition encourages the need for research on factors that affect financial management behavior, especially financial literacy, lifestyle, and social environment. This study aims to analyze the influence of financial literacy, lifestyle, and social environment on financial management behavior of ADiK students, Faculty of Economics, Widya Mataram University. The study uses a quantitative approach with a causal associative design. The research population was 82 students, with a sample of 68 respondents determined using purposive sampling techniques. Data were collected through questionnaires using the Likert scale and analyzed using multiple linear regression with the help of SPSS. The results showed that financial literacy had a significant effect on financial management behavior, while lifestyle and social environment did not have a partial significant effect. However, together, financial literacy, lifestyle, and social environment have a significant effect on financial management behavior. These findings indicate that improving financial literacy has an important role in shaping student financial management behavior. Therefore, educational institutions need to strengthen financial education and literacy programs to support the formation of better financial behavior among students.
Pengaruh Kebijakan Dividen, Leverage, dan Ukuran Perusahaan pada Volatilitas Harga Saham Perusahaan BUMN di Bursa Efek Indonesia Desandro Nahak; Ni Luh Putu Sri Purnama Pradnyani; Putu Aristya Adi Wasita
Inisiatif: Jurnal Ekonomi, Akuntansi dan Manajemen Vol. 5 No. 2 (2026): Inisiatif : Jurnal Ekonomi, Akuntansi dan Manajemen
Publisher : Universitas 45 Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30640/inisiatif.v5i2.7251

Abstract

This study aims to examine the effect of dividend policy, leverage, and firm size on stock price volatility of State-Owned Enterprises (SOEs) listed on the Indonesia Stock Exchange. Stock price volatility reflects investment risk and market uncertainty, making it an important indicator for investors in making investment decisions. This research employed a quantitative approach using secondary data obtained from the annual financial statements of SOEs during the observation period. The data were analyzed using multiple linear regression to determine the influence of dividend policy, leverage, and firm size on stock price volatility. The results indicate that dividend policy has a negative and significant effect on stock price volatility, while leverage and firm size do not significantly affect stock price volatility. Simultaneously, the three independent variables are unable to significantly explain the variation in stock price volatility. These findings suggest that other internal and external factors may play a more dominant role in influencing stock price movements. The study provides practical implications for investors, company management, and policymakers in understanding the determinants of stock price volatility in the Indonesian capital market.
Pengaruh Kebijakan Dividen, Volume Perdagangan, Firm Size, Leverage, dan Earning Volatility terhadap Volatilitas Harga Saham pada Perusahaan Perbankan yang Terdaftar di BEI Tahun 2023–2025 Karina Ratu Anisya; Chara Pratami Tidespania Tubarad
Inisiatif: Jurnal Ekonomi, Akuntansi dan Manajemen Vol. 5 No. 1 (2026): Januari: Inisiatif : Jurnal Ekonomi, Akuntansi dan Manajemen
Publisher : Universitas 45 Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30640/inisiatif.v5i1.7730

Abstract

The banking sector serves a pivotal function in propelling the IHSG on the Indonesia Stock Exchange (IDX), where its stock prices are influenced by various internal corporate factors. The 2023–2025 period was selected as the research context to depict post-pandemic equity market dynamics, regulatory shifts, and international geopolitical instability that triggered elevated stock price volatility. This study aims to evaluate the impact of dividend policy (dividend payout ratio and dividend yield), trading volume, firm size, leverage, and earning volatility on the stock price volatility of banking issuers listed on the Indonesia Stock Exchange during the 2023–2025 timeframe. A quantitative approach was applied utilizing secondary data from annual financial reports and stock prices. Through a purposive sampling technique, 18 companies were chosen, yielding of 54 observations. Data processing was conducted using panel data regression to evaluate the effect of independent variables on stock price volatility. The empirical findings reveal that the Dividend Payout Ratio (DPR) exerts an inverse impact on stock price volatility  at a 5% significance level, whereas leverage and earnings volatility exert an inverse impact at a 10% significance level. Furthermore, Dividend Yield (DY) and trading volume demonstrate a direct and statistically meaningful effect on stock price volatility. In contrast, firm size displays no statistically meaningful effect. Concurrently, all independent variables statistically significantly affect stock price volatility. These empirical findings pinpoint the variables affecting stock price volatility along with their direction of impact, presenting vital considerations for management as well as investors in investment decision-making.