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 774 Documents
Determinants of Financial Distress During COVID-19 Adessa Wibin; 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.v1i1.643-651

Abstract

This study aims to analyze the effect of liquidity, leverage, profitability, sales growth, and operating capacity on financial distress during the COVID-19 period. Quantitative research is used using secondary data with purposive sampling method involving 55 hotel, restaurant, tourism, and transportation companies taken from financial statement on IDX. The research methods used are multiple linear regression analysis and analyzed utilizing IBM SPSS. This study during COVID-19 carries out that leverage has an effect on financial distress, while liquidity, profitability, sales growth and operating capacity have an insignificant effect on financial distress.
The Effect of Inflation, Liquidity, and Capital Structure on Financial Performance of Consumer Goods Companies Listed on IDX Maria Trifonia Elensi Naja; 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.v1i1.652-661

Abstract

This study is intended to determine the empirical scientific evidence of the effect of inflation, liquidity, and capital structure on financial performance of consumer goods sector of companies listed on Indonesia Stock Exchange (IDX) in the period from 2016 to 2020. Financial performance is measured using ROE, while inflation is proxied by Indonesia’s annual inflation rate, liquidity is proxied by CR, and capital structure is proxied by DER. A total of 40 consumer goods companies were sampled in this research. The sample was selected using purposive sampling technique and resulted in a total of 200 observations. Data analysis was carried out using panel data regression using EViews 12 software. The results showed that inflation had a positive and significant effect on financial performance, liquidity had a negative and insignificant effect on financial performance, and capital structure had a positive and significant influence on financial performance of consumer goods companies listed on IDX.
The Effect of Profitability, Dividend Policy, and Company Value on Stock Prices Jumiati Jumiati; 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.v1i1.662-672

Abstract

Research aims to find “empirical evidence about the effect of profitability, dividend policy, and company value on stock price of companies registered in the PEFINDO25 index of the Indonesia Stock Exchange. The population are 66 companies in the PEFINDO25 index of the Indonesia Stock Exchange during 2017 to 2020. The sample in this study are selected using purposive sampling there were 13 companies that met the criteria with 52 observational data. This research used secondary data extracted from official documentation from the Indonesia Stock Exchange website. Data analysis was carried out with panel regression model using software E-Views 9. The finding of this study indicate that profitability, dividend policy, and company affect positive and significant on stock price.
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.

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