cover
Contact Name
Hetty Karunia Tunjungsari
Contact Email
ijaeb@untar.ac.id
Phone
+6221-5655806
Journal Mail Official
ijaeb@untar.ac.id
Editorial Address
Jl. Letjen S. Parman No.1, RT.6/RW.16, Tomang, Kec. Grogol petamburan, Kota Jakarta Barat, Daerah Khusus Ibukota Jakarta 11440
Location
Kota adm. jakarta barat,
Dki jakarta
INDONESIA
International Journal of Application on Economics and Business
ISSN : -     EISSN : 29871972     DOI : https://doi.org/10.24912/ijaeb
International Journal of Application on Economics and Business (IJAEB) contains articles on the following topics: Entrepreneurship studies, Business studies, Management studies, Accounting studies, Economics studies
Articles 696 Documents
The Effect of Financial Performance, Tax Avoidance, and Investment Opportunity Set on Firm Value in The Agricultural Sector Riffulin Ni’matul Ishlah; Khairina Natsir
International Journal of Application on Economics and Business Vol. 1 No. 1 (2023): February 2023
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v1i1.673-683

Abstract

This study aims to investigate verifiable data regarding the effect of profitability, liquidity, leverage, tax avoidance, and investment opportunity set on the firm value of the agricultural sector companies listed on the Indonesia Stock Exchange from 2017 until 2020 period. This study is descriptive research using quantitative data and purposive sampling is used to limit the research object to specific criteria. The research sample included 24 companies with 96 observational data. The panel data regression model will be used for the data analysis, which will be processed with the E-views 9.0 software. The results show that the variables of profitability and tax avoidance have a positive and insignificant effect on firm value, while liquidity, leverage, and investment opportunity set have a positive and significant effect on firm value.
Fundamental Analysis of Firm Performance of Publicly Listed Manufacturing Companies in Indonesia Yesi Dwitama; Elizabeth Sugiarto Dermawan
International Journal of Application on Economics and Business Vol. 1 No. 1 (2023): February 2023
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v1i1.684-693

Abstract

The study was carried out with the goal of obtaining empirical evidence about the fundamental analysis factors in the form of financial ratio, sales growth, and firm size that affect firm performance of manufacturing companies listed on the Indonesia Stock Exchange (IDX) between 2017 and 2019. This study used financial statement data from the IDX's official page and the firm's official page. The purposive sampling technique was used in this study, with a total of 178 samples from manufacturing sector companies. SPSS 17 and Microsoft Excel 2010 software were used to process and test the data. According to the findings of this study, capital structure and sales growth has no negative significant effect on firm performance, while sales growth and Total Asset Turnover Ratio has a positive significant effect on firm performance.
Determinants of Price Earnings Ratio: A Study in Manufacturing Companies Gabriel Angga; Elizabeth Sugiarto Dermawan
International Journal of Application on Economics and Business Vol. 1 No. 1 (2023): February 2023
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v1i1.694-704

Abstract

The purpose of this study was to see how the Dividend Pay-out Ratio, Profitability as measured by Return on Equity, Leverage as measured by Debt to Asset Ratio, and Earning Growth affected Firm Value as measured by Price Earnings Ratio in manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2017 to 2019. Non-probability sampling with a purposive sampling methodology was utilized with a sample of 51 companies, and the SPSS for Windows 25 application was used to aid with data analysis. Dividend Pay-out Ratio and Earning Growth have a positive and significant effect on Price Earnings Ratio, Return on Equity has a positive and insignificant effect on Price Earnings Ratio, and Debt to Asset Ratio has a negative and significant effect on Price Earnings Ratio, according to the findings of this study.
Institutional Ownership, Board Size, Growth Opportunities, Net Working Capital and Cash Holding Christy Valent; Yanti Yanti
International Journal of Application on Economics and Business Vol. 1 No. 1 (2023): February 2023
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v1i1.705-715

Abstract

This study aims to investigate empirically the effect of institutional ownership, board size, growth opportunities, and net working capital toward cash holding, utilizing firm size and cash flow ratio as control variables on manufacture industry listed on the Indonesia Stock Exchange during 2016 to 2019 period. This study’s valid data consisted of 51 companies and the sample was chosen using purposive sampling approach. The data in this study is processed with Eviews 12 and Microsoft Excel 2016. According to the findings, board size and net working capital have a significant positive effect on cash holding, institutional ownership has insignificant positive effect on cash holding and growth opportunities has insignificant negative effect on cash holding.
Factors Affecting Stock Prices with EPS as Moderating Variable Among Manufacturing Companies Madeline Nathania; Henryanto Wijaya
International Journal of Application on Economics and Business Vol. 1 No. 1 (2023): February 2023
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v1i1.716-725

Abstract

The goal of this study is to look at the impact of liquidity, profitability, and also solvency towards the stock prices in manufacturing businesses issued on the Indonesia Stock Exchange (IDX) starting from 2018 to 2020, utilizing Earnings per Share (EPS) as a moderating variable. In order to gain samples for the research, we used descriptive quantitative with purposive sampling technique. The data collected contains 210 samples, including 70 manufacturing enterprises that were listed on the IDX from 2018 to 2020. Moderated Regression Analysis (MRA) is used in conjunction with EViews 10 software to process the data. MRA is used to model the case because in MRA, the regression equation contains interaction element between variables to know if the effect of a moderating variable is getting stronger or weaker. The findings reveal that both liquidity and profitability brings a advantageous and large impact towards stock prices, whereas solvency and EPS have a negative and minor impact, and that EPS can mitigate the impact of profitability, liquidity, and solvency in relation to stock prices. This study's implications include the need to enhance a company's performance and financial situation so that its financial statements are sound and stock prices rise, which is, of course, a good sign for investors.
Hedonism Lifestyle on The Behavior of Visiting Tourism Objects During The Covid-19 Pandemic Yenita Yenita; Fransisca Iriani Roesmala Dewi; Mario Devotyasto
International Journal of Application on Economics and Business Vol. 1 No. 1 (2023): February 2023
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v1i1.726-732

Abstract

The influence of a hedonistic lifestyle on the behavior of those visiting tourist attractions during the pandemic turned out to have quite an impact on the level of individual hedonism in several age groups. A hedonistic lifestyle comes from negative emotions that arise from within each individual who has a desire to buy the product or service he likes. Of course, the changes in the impact that occurred in the COVID-19 pandemic have limited the number of visits and reduced costs, causing the behavior of tourists visiting tourist attractions during the COVID-10 pandemic to be very high. This study is qualitative research by conducting interviews with tourists who visit tourist attractions during the pandemic. This study involved six participants who were willing to be interviewed. The data analysis technique uses an interactive model of qualitative data analysis from Miles and Huberman, namely data reduction, data presentation, and conclusion drawing or verification, which are interactively interconnected during and after data collection. This study aims to explore the factors that encourage the emergence of a hedonistic lifestyle in consumer behavior when visiting tourist attractions. One of the factors is the individual's desire to be satisfied in a culinary destination by buying the product or service he likes. Based on the results of the study, the main factor that supports a hedonistic lifestyle is a high enough income so that a person can buy whatever they want without thinking too much. Most of the participants expressed no remorse or coercion in fulfilling these wishes. It's all based on the high needs of life and self-satisfaction.
The Role of Managerial Ownership of The Factors That Affect Firm Value in Banking Companies in Indonesia Sheila Gracia; Hendro Lukman
International Journal of Application on Economics and Business Vol. 1 No. 1 (2023): February 2023
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v1i1.733-742

Abstract

Objective of this research to prove the effect of intellectual capital, capital structure, and firm growth on firm value. In addition, to see the role of ownership of managerial in moderating the effect of these variables. This is a quantitative research of data obtained from the Indonesia Stock Exchange (IDX). This study’s population are banking companies listed on the IDX during 2016-2020. The technique of sampling used in this study is purposive sampling which resulted 76 observation data during the 2016-2020 period. The data that has been collected will be analyzed using multiple linear regression analysis. The program used in analyzing the data is Statistical Package for the Social Sciences (SPSS) ver. 26. The results obtained in this study are intellectual capital, capital structure, and firm growth simultaneously have an effect on firm value. Partially, intellectual capital and capital structure have no significant effect on firm value, while firm growth has a significant effect on firm value. In addition, managerial ownership is not able to moderate the effect of intellectual capital, capital structure, and firm growth on firm value. The implication of this study is that managerial ownership needs to be considered in terms of achieving common goals in ordering to increase firm value.
FACTORS AFFECTING FINANCIAL PERFORMANCE IN THE INFRASTRUCTURE INDUSTRY IN INDONESIA Erica, Erica; Lukman, Hendro
International Journal of Application on Economics and Business Vol. 1 No. 2 (2023): May 2023
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v1i2.1-14

Abstract

The company needs good governance in order for management to function properly and increase its performance. The separation of execution and oversight is an important characteristic of good governance. The aim of the research is to see if independent commissioners, CEO duality, committee size of committee audit, financial expertise on the audit committee board, and connection of political have an impact on business performance in infrastructure public companies in Indonesia during 2016 to 2020. Secondary data was used with 83 sample. The regression analysis used in this study was done using the SPSS version 25 application. The findings demonstrate that the audit committee size has a huge and beneficial impact on corporate performance. However, the independent board of commissioners, CEO duality, financial expertise on the audit committee, and political connections have no significance. The findings of the study indicate that the audit committees of Indonesian infrastructure corporations should be enhanced to compensate for the deficiencies of other governance elements.
THE EFFECT OF COMMUNICATION, SELF-EFFICACY AND POWER ON THE COMMITMENT OF EMPLOYEES Ie, Mei; Maupa, Haris; Madris, Madris
International Journal of Application on Economics and Business Vol. 1 No. 2 (2023): May 2023
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v1i2.15-23

Abstract

This study aims to determine the effect of communication, self-efficacy and power on the commitment of employees of PT XYZ. This research was conducted using a descriptive quantitative approach through survey techniques. The sample used amounted to 65 respondents came from employees of PT XYZ. Data analysis was performed using Partial Least Square – Structural Equation Model (PLS-SEM) using smartPLS 3.0 software. The results showed that communication, self-efficacy and power had a positive and significant influence on employee commitment at PT XYZ. This shows that if there is an increase or improvement in communication, self-efficacy and power are able to maintain and even increase employee commitment to the company, namely PT XYZ.. The thing that needs to be considered for the company is to pay attention and keep employees having high confidence in facing work challenges. Because of communication, self-efficacy, and power influence on the employees commitment, this research has theoretically and practically implication. Theoretically, employees commitment be created through how to build a good communication, notice the employees self-efficacy, and positive power implementation. Meanwhile for practically implication, management of PT XYZ could use this research as a hint of company policy making.
FACTORS AFFECTING DIVIDEND POLICY ON LQ45 INDEX COMPANIES ON THE INDONESIA STOCK EXCHANGE Ardelia, Janice; Lukman, Hendro
International Journal of Application on Economics and Business Vol. 1 No. 2 (2023): May 2023
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v1i2.24-35

Abstract

Dividends are one of the considerations in stock investment. The purpose of this study is to analyze the effect of “Board Size, Board Independence, “Management Ownership”, Institutional Ownership, and “Collateral Assets” on the “Dividend Policy”. This study uses 17 samples of public companies that are part of the LQ45 Index with 84 data observation during 2016-2020. The sampling method used purposive sampling technique. data analysis using multiple regression analysis where data is processed using IBM SPP Statistic Version 25.0 software. The results show that “Management Ownership” and “Collateral Assets” have a positive and significant effect on “Dividend Policy”. Meanwhile, “Board Size”, “Board Independence”, and “Institutional Ownership” have no significant effect on “Dividend Policy”. The implication of this research is that there is a need for Institutional Ownership representatives on the company's “Board of Directors” in order to influence the companies’ “Dividend Policy” and provide a good signal for investors.

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