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 7 Documents
Search results for , issue "Vol. 4 No. 2 (2024): Financial Management Studies" : 7 Documents clear
The Effect Of Capital Structure On Profitability And Stock Returns In Property And Real Estate Companies Listed On The Indonesian Stock Exchange 2015-2020 Afitrah Reski; Masdupi, Erni
Financial Management Studies Vol. 4 No. 2 (2024): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v4i2.202

Abstract

This study aims to examine the factors that influence capital structure, profitability and stock returns as well as the relationship between capital structure, profitability and stock returns in property and real estate companies listed on the Indonesia Stock Exchange. Endogenous variables in this study are capital structure, profitability, and stock return, while exogenous variables in this study are firm size, growth, tangibility, liquidity, and volatility. In this study, capital structure and profitability also act as mediating variables. While the sample in this study used purposive sampling method, as many as 44 companies that entered the sample selection criteria. So that 264 total sample analysis units were obtained, but the final sample in this study was 185 sample analysis units due to outlier data. The type of data used in this study is secondary data obtained from the IDX in the form of published financial reports. The method used in this research is path analysis or path analysis using the help of the AMOS 22.0 program. Based on the results of this study, it is found that company size and volatility have no significant effect on capital structure (DAR), while growth, tangibility, and liquidity have a significant effect on capital structure (DAR). Company size, growth, tangibility, liquidity and capital structure have a significant effect on profitability (ROA), while volatility has no significant effect on profitability (ROA). Firm size, growth, tangibility and capital structure (DAR) have no significant influence on stock returns, while liquidity and profitability (ROA) have a significant relationship to stock returns. Capital structure (DAR) is not able to mediate the relationship of firm size and growth to stock returns, while capital structure (DAR) is able to mediate the relationship of tangibility and liquidity to stock returns. Capital structure (DAR) and profitability (ROA) are able to mediate the relationship of growth, tangibility, and liquidity to stock returns, while capital structure (DAR) and profitability (ROA) are not able to mediate the relationship of firm size to stock returns. Profitability (ROA) is able to mediate the relationship between company size, growth, tangibility, and liquidity to stock returns.
Effect of Intellectual Capital on the Performance of Banking Companies Listed on the Indonesian Stock Exchange Rahmi, Rachmi Saputri; Zulvia, Yolandafitri
Financial Management Studies Vol. 4 No. 2 (2024): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v4i2.214

Abstract

This study aims to analyze the effect of intellectual capital and its components, namely research capital employe, human capital, and structural capital on company performance both accounting performance and market performance. This study also uses control variables in the form of company size. This study uses all banking companies listed on the Indonesia Stock Exchange as the population. Sampling was carried out using purposive sampling method, with the sample criteria publishing the company’s annual report for three consecutive years from 2020-2022. The analysis method used is multiple linear regression analysis using the IBM SPSS Statistics 26 program. The results of this study concluded that intellectual capital, employee capital, human capital have a positive and significant effect on accounting-based performance and market-based performance. While structural capital has no significant effect on accounting-based performance or market-based performance in banking companies listed on the Indonesia Stock Exchange.
The Impact of Corporate Social Responsibility on the Growth of Basic Materials Sector Companies Listed on the Indonesian Stock Exchange Fauzia, Fauzia; Patrisia, Dina
Financial Management Studies Vol. 4 No. 2 (2024): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v4i2.215

Abstract

This study aims to analyze the effect of Corporate Social Responsibility (CSR) on the growth of basic materials sector companies listed on the Indonesia Stock Exchange (IDX). The population used in this study are all basic materials sector companies listed on the IDX for the period 2018-2022. The sample used in this study was determined by purposive sampling method, so that 71 companies were obtained with a total of 302 observations. This study uses secondary data in the form of annual reports (for CSR variables) and financial reports obtained from the official IDX website and each company. CSR measurement in this study uses an index measured based on a list of items that must be disclosed according to GRI Standards. The analysis method used is multiple linear regression analysis using SPSS 15.0. The results of this study indicate that 1) Corporate Social Responsibility (CSR) has a positive and significant effect on revenue growth, 2) Corporate Social Responsibility (CSR) has a positive and significant effect on total growth rate of assets.
The Effect of Financial Decisions on Equity Risk in Constructs Firms Listed on the Indonesian Stock Exchange Tika, Tika Misla Wahyuni; Rasyid, Rosyeni
Financial Management Studies Vol. 4 No. 2 (2024): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v4i2.218

Abstract

This study was conducted to determine the effect of financial decisions on equity risk in constructs firms listed on the Indonesia Stock Exchange with firm size and revenue growth as control variables. The population in this study were all firms in the constructs sector listed on the Indonesia Stock Exchange for the 2020-2022 period. Meanwhile, the sample in this study was determined using a purposive sampling technique, resulting in 19 samples and 57 total observation data. This study uses secondary data obtained from the official website of the Indonesia Stock Exchange and the firm's official website. The data analysis method used is panel data regression analysis using the Eviews 12 analysis tool. The results of the data analysis show that (1) Investment Decisions have no effect on Equity Risk (2) Funding Decisions have no effect on Equity Risk (3) Working capital decisions significantly and favorably impact equity risk.
PENGARUH LABA USAHA, KREDIT MIKRO DAN LITERASI KEUANGAN TERHADAP KESEJAHTERAAN EKONOMI RUMAH TANGGA UMK DI INDONESIA Khaira, Sajida; Yanuarta RE, Ramel
Financial Management Studies Vol. 4 No. 2 (2024): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v4i2.220

Abstract

This study aims to examine the effect of business profit, microcredit, financial literacy (ownership of savings accounts, and knowledge of financial institutions that provide loans) on the economic welfare of MSE households in Indonesia, using IFLS data wave 5 in 2014 and multiple regression analysis using Stata software. The results of the study revealed that business profit significantly improves the economic welfare of MSEs, while microcredit has no significant effect. Meanwhile, financial literacy as measured by ownership of savings accounts and knowledge of financial institutions that provide loans also has a significant effect. This study emphasizes the importance of effective strategies in utilizing business profit, microcredit and financial literacy to improve the economic welfare of MSE households in Indonesia
The Influence of Corporate Sustainability Performance (CSP) on Profitability with Liquidity and Leverage as Moderating Variables in LQ45 Index Companies on the Indonesia Stock Exchange (IDX) Radhiyatul Bilqis; Yumna, Aimatul
Financial Management Studies Vol. 4 No. 2 (2024): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v4i2.225

Abstract

This study aims to analyse the effect of corporate sustainability performance (CSP) on profitability with liquidity and leverage as moderating variables in LQ45 companies listed on the Indonesia Stock Exchange (IDX). This research is a causative research. The population in this study were all LQ45 indexed companies listed on the IDX for the 2019-2023 period. The sampling technique in this study was purposive sampling so that 18 companies were selected. The type of data used is secondary data obtained from the IDX website www.idx.co.id and the company's official website. The analysis method used is panel data regression analysis using STATA version 14.2. The results of this study indicate (1) corporate sustainability performance (CSP) has a positive and significant effect on profitability, (2) liquidity as a moderating variable can strengthen the relationship between corporate sustainability performance (CSP) and company profitability, (3) leverage as a moderating variable can weaken the relationship between corporate sustainability performance (CSP) and company profitability.
The Effect of Corporate Risk-taking on Company Performance in View of the Firm Life Cycle Rahayu, Wulandari Tri; Yusra, Irdha
Financial Management Studies Vol. 4 No. 2 (2024): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v4i2.227

Abstract

Examining the impact of Corporate Risk-Taking (CRT) on business performance over the firm life cycle is the primary objective of this research. Participating manufacturing enterprises from the 2020–2022 timeframe on the Indonesia Stock Exchange made up the study's population. Similarly, the research sample was selected by a purposive sampling procedure. We used 356 pieces of observational data from 137 different firms in our sample. The multiple linear approach, implemented in SPSS Statistics 24, was used for the study. First, CRT as measured by the standard deviation of ROA has a positive impact on performance. Second, CRT as measured by the standard deviation of stock returns has no effect on performance. Third, CRT as measured by the standard deviation of ROA has a negative impact on performance during the introduction stage but a positive impact during the maturity stage. Fourth, CRT as measured by the standard deviation of stock returns has no effect on performance throughout all lifetime stages of a company

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