cover
Contact Name
Yunita Engraini
Contact Email
yunitaengriani@fe.unp.ac.id
Phone
+6281290602249
Journal Mail Official
jkmk@unp.ac.id
Editorial Address
Prof Dr. Hamka. Rd, Air Tawar Barat, North Padang Padang City, West Sumatera, Indonesia 25132
Location
Kota padang,
Sumatera barat
INDONESIA
Financial Management Studies
ISSN : 27984524     EISSN : 27984516     DOI : https://doi.org/10.24036/jkmk.v3i2
The aim of this journal is to publish articles dedicated to the latest outstanding developments in the fields of financial management
Articles 6 Documents
Search results for , issue "Vol. 2 No. 1 (2022): Financial Management Studies" : 6 Documents clear
Evaluation of the impact of Covid-19 on abnormal return of the socially responsible stocks and the most liquid stocks listed on IDX Yulia Rahmadini; Aimatul Yumna
Financial Management Studies Vol. 2 No. 1 (2022): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v2i1.57

Abstract

The COVID-19 pandemic has impacted the investment climate in the Indonesian capital market, thus impacting investors' decisions in choosing resilient stocks during the pandemic. Socially responsible stocks are considred to be more reliable during crisis compared to other stocks. This study aims to determine the difference between abnormal returns before and after the announcement of COVID-19 as a global pandemic by the World Health Organization on March 11, 2020, against the SRI-Kehati and LQ45 indexes. Sample selection using purposive sampling technique with a sample of 17 companies SRI-Kehati and 21 companies LQ45. The data analysis used were one-sample t-test, one-sample Wilcoxon signed-rank test, Paired sample t-test, and Independent sample t-test. The results of this study indicate that there are significant abnormal returns and significant differences in average abnormal returns for the two indices. There is no significant difference in average abnormal return SRI-Kehati with average abnormal return LQ45. So, the results show that SRI-Kehati shares are more attractive to investors during the pandemic.
Comparative Analysis of the Financial Performance of Islamic and Conventional Banking Before and During the Covid-19 Pandemic chia chia putri milennia; Hendri Andi Mesta
Financial Management Studies Vol. 2 No. 1 (2022): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v2i1.59

Abstract

The final goal to be achieved in this study is to find out whether there are differences in the financial performance of Islamic and conventional banking before the pandemic and during the pandemic by using the Independent sample t-test in analyzing the Capital Ratio (CAR), Asset Quality Ratio (NPF/NPL), Profitability Ratio (ROA), Liquidity Ratio (FDR/LDR) and Efficiency Ratio (BOPO). The object of research is sharia and conventional banking registered with OJK as a National Private Commercial Bank. The sample selection in this study used a purpose sampling technique and the data used in this study is secondary data obtained from the OJK websitewww.ojk.go.id.The results of the Independent sample t-test showed that before the pandemic (2018-2019), there were significant differences in CAR and ROA in Islamic and conventional banking, and there were no significant differences in NPF/NPL, FDR/LDR, BOPO in Islamic banking. and conventional. Meanwhile, during the pandemic (2020-2021) there are significant differences in ROA and FDR/LDR for Islamic banking and conventional banking, while there are no significant differences in CAR, NPF/NPL, BOPO for Islamic and conventional banking. In this study, it was found that the financial performance of Islamic banking before the pandemic was better than conventional banking, but during the NPL, LDR and BOPO pandemics, conventional banking was better, while Islamic banking was better in CAR and ROA.
Effect of Ownership Structure on Corporate Social Responsibility Disclosure on SRI-KEHATI Index Companies Listed on Indonesia Stock Exchange Annisa Afdila; Yolandafitri Zulvia
Financial Management Studies Vol. 2 No. 1 (2022): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v2i1.64

Abstract

The study aims to analyze the influence (1) of ownership structures with managerial ownership proxies, (2) ownership structures with institutional ownership proxies and (3) ownership structures with foreign ownership proxies on corporate social responsibility (CSR) disclosures on SRI-KEHATI index companies listed on the Indonesia Stock Exchange in 2016-2020. The study used three control variables: profitability, leverage, and firm size. The population in this study is all companies that include the SRI-KEHATI index listed on the Indonesia Stock Exchange. While the samples in the study were determined by the purposive sampling method, the company's samples for five consecutive years from 2016-2020, resulting in a samples count of 18 companies with 90 observations for each variable. The analysis method used is multiple linear regression analysis using the IBM SPSS Statistics 25 program.. The results of this study concluded that (1) ownership structures with managerial ownership proxies have a negative and insignificant effect on CSR disclosure, (2) ownership structure with institutional ownership proxy positive and significant on CSR disclosure, (3) ownership structure with foreign ownership proxy negative and insignificant on CSR disclosure on SRI-KEHATI index companies listed on Indonesia Stock Exchange
The effect of capital structure, and growth on firm value on real estate and property companies listed on BEI (2015-2019 period) Trio Nugroho; Dina Patrisia
Financial Management Studies Vol. 2 No. 1 (2022): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v2i1.68

Abstract

The value of the company is a benchmark for investors to invest. For this reason, the value of the company is an important factor that must be increased by every company, because investors will tend to invest their shares in companies that have a high value. The focus of this research is to explain the influence of capital structure and growth on firm value. The research sample consisted of taken from 36 companies with five years of observation. The total sample consisted of 156 observation samples after undergoing data screening. . The analysis technique in this research is multiple linear and non-linear regression analysis. The results of this study indicate that the capital structure based on market value measurement (MLLEV) on linear and non-linear regression has a negative and significant effect. The capital structure based on the measurement of book value (LTDTA) in the non-linear model has a positive and significant effect, but has no influence on the linear model. Growth has no effect on firm value in all models.
The Effect of financial literacy and education level on the profitability of micro and small enterprises in Indonesia Hanifil fiqri; Ramel Yanuarta RE
Financial Management Studies Vol. 2 No. 1 (2022): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v2i1.88

Abstract

This study aims to analyze the effect of financial literacy as measured by ownership of savings accounts and knowledge of the official financial institutions providing loans, and the level of education on the profits of Micro and Small Enterprises in Indonesia. By considering the characteristics of heterogeneous data and outliers, this study uses a quantile regression method with a confidence level (∝ = 0.05). The data used is secondary data from IFLS (Indonesia Family Life Survey) waves 4 and 5. 8,118 MSEs meet the criteria as samples. The analysis results show that the savings ownership of MSE owners has a significant positive effect on the MSE profit quantile on all business scales compared to MSE owners who do not have a savings account. Still, the effect is lower in the large quantile group. Furthermore, knowledge of lenders' official financial institutions has a significant positive impact on MSE profit quantiles across all business scales compared to MSE owners who do not know lenders’ official financial institutions; the effect is lower in the larger MSE income quintile group. Meanwhile, the education level of MSE actors has a significant positive impact, but only on the medium to high-scale MSE; the effect is higher for the large MSE profit quintile group.
Analysis of profitability, leverage and sales growth on stock prices with liquidity as intervening variables in garment and textile companies listed on IDX 2015-2020 Kiki Astrida; Zulkifli Zulkifli; Syamsul Bahri
Financial Management Studies Vol. 2 No. 1 (2022): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v2i1.90

Abstract

This study is to see the effect of profitability, leverage and sales growth on stock prices and later mediation by liquidity in textile and garment companies listed on the Indonesia Stock Exchange in 2015-2020. This study uses a quantitative and explanatory approach with a population of all manufacturing companies in the various textile and garment sub-sector industries as many as 21 companies, so that a sample with the number of data observations (N) is 96 observations for each variable (16 companies x 6 years). research period). The type of secondary data with data sources is the company's website and also www.idx.go.id. The data analysis technique is Structural Equation Modeling using PLS software. The research findings show: 1) profitability has a significant effect on liquidity, 2) leverage has a significant effect on liquidity, 3) sales growth has no significant effect on liquidity, 4) profitability has no significant effect on stock prices, 5) leverage has a significant effect on stock prices, 6 ) sales growth has no significant effect on stock prices, 7) liquidity has no significant effect on stock prices, 8) profitability has no significant effect on stock prices through liquidity, 9) leverage has no significant effect on stock prices through liquidity, 10) sales growth has no effect significant effect on stock prices through liquidity.

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