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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 5 Documents
Search results for , issue "Vol. 2 No. 4 (2022): Financial Management Studies" : 5 Documents clear
The Effect of Intellectual Capital on the Performance of Financial Services Companies Listed on the Indonesia Stock Exchange Muhammad zidane; Dina Patrisia
Financial Management Studies Vol. 2 No. 4 (2022): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v2i4.106

Abstract

The purpose of this study is to analyze the power of intellectual capital performance of financial services listed on the Indonesian financial market before the outbreak and during the epidemic This study is a causative study. The population in this study is all monetary service companies listed on the Indonesian impact market. Meanwhile, the illustrations in this study were determined using a porposive sampling system with the following criteria: a) listed on the IDX during the observation period (2019-2020) b) the company publishes payment of fees during the observation period, resulting in 60 illustrations with a total of 120 observations. the category of data used is subordinate data received from www. Idx.co.id. the system that is used is a multiple regression view with a level a of 5%. From the results received, it can be concluded that intellectual capital (value added intellectual coefficient TM) positively affects the appearance of the partnership (return on equity) on the monetary service partnership listed on the IDX with a significant price in 2019 or before the outbreak, which is 0.006 <0.05 while it was in 2020 or the epidemic period, there was a decrease even though intellectual capital (value added intellectual coefficient TM) affected the appearance of the joint venture with a significance price of 0.021 <0.05 and if the illustration was combined between 2019-2020 intellectual capital (value added intellectual coefficient TM) affected the appearance of the joint venture with significance price 0.000<0.05
The Effect of Profitability, Liquidity, Growth Opportunity, Risk and Tangibility Asset on Company Value with Capital Structure as Mediating Variable Salsa Dilla Hayati; Erni Masdupi
Financial Management Studies Vol. 2 No. 4 (2022): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v2i4.117

Abstract

The purpose of this study is to analyze how the influence of profitability, liquidity, growth opportunity, risk and asset tangibility on company value mediated by capital structure. The object of research is the infrastructure companies that listed on BEI for five years (2016-2020) period. Sampling in this research used a purposive sampling technique so that 29 sample companies were obtained and the data used were secondary data obtained from the official website of each company. The data analysis technique used is path analysis using SPSS AMOS 21.0. The results of the study stated that profitability (ROA), liquidity (CR) and asset tangibility (TANG) had a significant negative effect, growth opportunity (PER) has an insignificant positive effect and risk (DOL) has an insignificant negative effect on capital structure. Furthermore, capital structure (DAR), growth opportunity (PER) and risk (DOL) have a significant positive effect, profitability (ROA) and asset tangibility (TANG) have a significant and positive effect and liquidity (CR) has a significant and negative effect on company value. Then for testing the effect of mediation, it was found that the capital structure was not able to mediate the effect of the five independent variables on company value
The Effect Of Profitability And Profit Volatility On Capital Structure In Cyclical And Non-Cyclical Consumer Companies Listed On The Indonesia Stock Exchange Fitriani fitriani; Ramel Yanuarta RE
Financial Management Studies Vol. 2 No. 4 (2022): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v2i4.119

Abstract

The purpose of this study is to analyze the effect of profitability and earnings volatility on the capital structure of cyclical and non-cyclical consumer companies listed on the Indonesia Stock Exchange. The population in this study are all cyclical and non-cyclical consumer companies listed on the Indonesia Stock Exchange in 2016-2021. In this study, the sample selection method used purposive sampling method. The sample in this study were 125 companies where 68 consumer cyclical companies and 57 non-cyclical companies with 750 observations for each variable. The analytical method used is panel data regression analysis. This study uses the Stata program as a tool in analyzing the data. The results of this study indicate that there is a significant difference between the capital structure of cyclical and non-cyclical consumer companies, profitability has a positive and significant effect on the capital structure of cyclical and non-cyclical consumer companies, earnings volatility has a positive and significant effect on the capital structure of cyclical consumer companies. and non-cyclical.
Comparative Analysis of Open Position and Hedging Techniques in The Import Value Management of PT Pertamina (Persero) Herlinda Fitri Febriyanti; Silvi Delfiani; Irdha Yusra
Financial Management Studies Vol. 2 No. 4 (2022): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v2i4.124

Abstract

Fluctuations in currency exchange rates result in the value of the company's debt of import payment to be uncertain because any time may be changing. Companies can do hedge techniques to protect the value of the import debt or leave it in a state without the hedge. The purpose of this research is to know the value of the company's debt of import when using forward contract hedge, money market hedge, and open position and choose the most efficient method. This research uses import transaction data of PT Pertamina (Persero). The analysis technique used is the Wilcoxon Signed Ranks Test and calculation with Microsoft Excel. From this research, it is found that there is no difference in the average value of the company's import debt when using forward contract hedging technique with an open position. But there is a difference when using money market hedge technique with the open position. The result of the research is the value of import debt is more efficient when the company uses open position or without the hedge.
Effect of Ownership Structure, Investment Opportunity and Debt Policy on Dividend Policy Nadya Alessya; Abel Tasman
Financial Management Studies Vol. 2 No. 4 (2022): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v2i4.125

Abstract

The purpose of this study was to analyze the effect of ownership structure, investment opportunities and debt policy on dividend policy in the LQ 45 companies of the Indonesian Stock Exchange in 2017-2020. The population in this study was composed of companies belonging to the LQ 45 group of the Indonesian exchange with a total sample of 30 companies that were consistent in the LQ 45 group of the Indonesian exchange over the period 2017-2020. The analysis technique used is panel data regression using Eviews 9.0. The results of this study indicate that the management of real estate, institutional real estate and investment opportunities have a significant effect on dividend policy, while debt policy has no significant effect on dividend policy..

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