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 83 Documents
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.
Comparative Analysis Cryptocurrency Of Bitcoin, Stock, and Gold Return and Risks as Alternative Investments (2015-2020) Aldhi Maldini
Financial Management Studies Vol. 2 No. 2 (2022): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v2i2.76

Abstract

Investment requires an objective picture to investors related to the returns to be obtained and the risks to be faced. Therefore, this study aims to determine whether there are differences in return, risk, sharpe, treynor and jensen from bitcoin investment instruments, lq45 shares and gold. Then this research also aims to provide investment strategies to investors to invest in bitcoin, lq45 stocks and gold. This research is a quantitative research using Kruskal Wallis statistical test. The data used is the monthly closing price of bitcoin, lq45 shares and gold from January 2015-December 2020 obtained from investing.com. At the testing stage, it was found that: (1) there was no significant difference between the returns of Bitcoin, LQ45 shares, and gold, (2) there was a significant difference between the risk of Bitcoin, LQ45 shares, and gold, (3) To invest in Bitcoin, the strategy that is suitable for investors is a passive strategy, namely the Buy you Hold strategy, (4) Investing in LQ45 Stocks a suitable strategy for investors is an active strategy, namely the price momentum strategy, (5) While investing in gold, the strategy that is suitable for investors is an active strategy, namely the Dollar Cost Averaging.
The analysis of factors that influence stock price volatility on pharmaceutical sub sectors listed on BEI (2010-2020 period) Azizah Salsabila; Megawati Megawati
Financial Management Studies Vol. 2 No. 2 (2022): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v2i2.83

Abstract

Stock price volatility is an important factor that investors should look into doing investment activities, because the stock price volatiliy shows the company's risk. Stock prices volatility that are too high, that mean the company’s risk is also high. However, if stock price volatility is too low, often mean that the company's ability to make a profit is poor. There are many factors that can affect stock prices volatility, including Dividend Policy, Leverage, Trading Volume and Asset Growth. The sampling technique is purposeful. The data for this study consisted of listed pharmaceutical sub sectors during 11 years of observation and obtained a sample of 4 companies or 44 sample data. The analysis technique used is multiple linear regression and the test is performed with SPSS version 16. The result shows that Dividend Policy has a significant negative effect on the stock price volatility. While leverage (DPR), Trading Volume, and Asset Growth have no effect on stock price volatility.
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.
The effect of profitability, capital structure and company growth on company value before and during the covid-19 pandemic in consumer goods manufacturing companies listed on the Indonesia Stock Exchange Wesa Anggraini; Rosyeni Rasyid
Financial Management Studies Vol. 2 No. 2 (2022): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v2i2.93

Abstract

This study aims to analyze the effect of 1) profitability (ROE), 2) capital structure (DER) and 3) company growth (Growth) on firm value (PBV) before and during the COVID-19 pandemic in listed consumer goods manufacturing companies. on the Indonesia Stock Exchange. The population in this study are all manufacturing companies in the consumer goods sector listed on the Indonesia Stock Exchange. While the sample in this study was determined by the purposive sampling method so that 41 samples of companies in 2019 and 2020 were obtained with 123 observations for each variable. The type of data used in this study is secondary data obtained from the IDX Fact Book and quarterly reports of sample companies. The analytical method used is multiple linear regression analysis. The results of this study indicate that 1) profitability has a positive and significant effect on firm value both before and during the COVID-19 pandemic in consumer goods manufacturing companies, 2) capital structure has no effect on firm value both before and during the COVID-19 pandemic in manufacturing companies in the consumer goods sector and 3) company growth has no effect on company value both before and during the COVID-19 pandemic in consumer goods manufacturing companies.
The The effect of bank health level on stock prices with company size as a variabel control on banking companies listed on Indonesia stock exchange (2013 -2019 period) Kiki Sonia Putri Kiki Sonia Putri; Erni Masdupi
Financial Management Studies Vol. 2 No. 2 (2022): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v2i2.100

Abstract

This study aims to analyze the soundness of banks as represented by credit risk, liquidity risk, market risk, good corporate governance, earnings and capital on stock prices in banking companies listed on the Indonesia stock exchange in 2013-2019. This study uses firm size as a control variable. The population in this study are banking companies listed on the Indonesia stock exchange. While the sample in this study was determined by purposive sampling method, in order to obtain 231 samples of banks. However, the final sample of this study was 213 because there were data outliers. The type of data used in this study is secondary data obtained from the Indonesia stock exchange website and the official website of each bank. The analytical method used is multiple linear regression analysis. The results of this study indicate that credit risk (NPL) and Capital (CAR) have no effect on stock prices, liquidity risk (LDR), market risk (NIM) and earnings (ROA) have a positive and significant effect on stock prices, while corporate governance has a negative and significant effect to stock prices. Keywords: Stock price, Credit risk, Liquidity risk, Market risk, Earnings and Capital
The Effect of Innovation, Working Capital, Liquidity and Sales Growth on Profitability in Pharmaceutical Companies listed on the Indonesian Stock Exchange Rani Sintya; Hendri Andi Mesta
Financial Management Studies Vol. 2 No. 2 (2022): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v2i2.104

Abstract

The goal of this studies is to discover whether there's an effect of innovation, operating capital, liquidity and sales increase on profitability. The item of studies is pharmaceutical businesses indexed at the IDX in the course of the 2016-2020 length. The sample choice in this have a look at used a purposive sampling method and the information used on this take a look at were secondary data obtained from the IDX internet site www.idx.co.id. The data analysis technique used is multiple linear regression analysis and hypothesis testing using SPSS 26. The results of the study state that innovation has no effect on profitability with a significance of 0.664. Working capital has an effect on profitability with a significance of 0.004. Liquidity has an effect on profitability with a significance of 0.002. Sales growth has an effect on profitability with a significance of 0.036.
Effect of Corporate Social Responsibility and Firm Life Cycle on Banking Performace in Indonesia Inas Yusriyyah Zain
Financial Management Studies Vol. 2 No. 3 (2022): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v2i3.105

Abstract

The study aims to analyze the effect of (1) of Corporate Social Responsibility on banking performance, (2) Firm life cycle on banking performance and (3) Corporate Social Responsibility on every firm life cycle with banking performance proxies listed on the Indonesia Stock Exchange in 2018-2020. The study used two control variables: firm size and economic condition. The population in this study is all banking companies listed on the Indonesia Stock Exchange. While the samples in the study were determined by the purposive sampling method, the banking company's samples for three consecutive years from 2018-2020, resulting in a samples count of 34 companies with 93 observations for each variable. The analysis method used is multiple linear regression analysis using the IBM SPSS Statistics 26 program. The results of this study concluded that (1) Corporate Social Responsibility using GRI standard has no significant effect on banking performance proxies, (2) Firm life cycle with RETE ratio has a significant effect on banking performance proxies, (3) Firm life cycle can not moderate the influence of CSR on the banking performance