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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 83 Documents
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, Growth, and Corporate Governance Mechanisms on Financial Distress in Mining Companies Listed in BEI Yuza Dwi Putri Yuza Dwi Putri; Erni Masdupi
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.v2i3.107

Abstract

This studys aims to analyze the effect off profitability, growth, and corporate governance mechanisms on financial distress in mining companies listed on the Indonesia Stock Exchange. The population in this study are mining companies listed on the Indonesia Stock Exchange in 2014-2019. The sampling technique used purposive sampling technique with a total sample of 90 samples. The type of data used in this study is secondary data obtained by the Indonesia Stock Exchange (IDX) and the sample company annual reports. The analytical method used is multiple linearregression. The results of the study conclude that profitability, growth and the board of commissioners have an effect on financial distress. Meanwhile, managerial ownership, institutional ownership, and audit committee have no effect on financial distress.
Effect of Investment Decisions, Funding Decisions and Dividend Policy on Firm Value with Firm Risk as Mediation on Manufacturing Companies Listed on the Indonesia Stock Exchange (IDX) MUHAMMAD KURNIA SHANDY; AIMATUL YUMNA
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.v2i3.108

Abstract

The study aims to analyze the effect of (1) Investment Decisions on company risk, (2) Funding decisions on company risk and (3) Dividend policy on company risk. (4) Investment decisions on company value, (5) Funding decisions on firm value (6) Dividend policy on firm value (7) Corporate risk on firm value (8) Investment decisions, funding decisions and dividend policy on firm value by mediating firm risk. with Manufacturing performance proxies listed on the Indonesia Stock Exchange in 2017-2021. The study used one control variable: firm value and one mediating variable: firm risk. The population in this study is all manufacturing companies listed on the Indonesia Stock Exchange. While the samples in the study were determined by the purposive sampling method, the Manufacture company's samples for three consecutive years from 2017-2021, resulting in a samples count of 33 companies with 193 observations for each variable. The analysis method used path analysis using the IBM SPSS Statistics 26 program. The results of this study concluded that (1) investment decisions with PER have no effect on company risk, (2) DER funding decisions have a significant effect on company risk, (3) dividend policy has a significant effect on company risk (4) investment decisions with PER have an effect on firm value (5) Funding decisions with DER have no effect on firm value (6) Dividend policy with DPR has no effect on firm value (7) Company risk with DCL has no effect on firm value (8) Investment decisions with PER through corporate risk mediation has no effect on firm value (9) Funding decisions with DER through firm risk affect firm value (10) Dividend policy with DPR through firm risk does not affect firm value
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 Influence of Corporate Social Responsibility and Company Life Cycle on Firm Value in Manufacturing Companies listed on the Indonesia Stock Exchange Muhammad Razif; Dina Patrisia
Financial Management Studies Vol. 3 No. 1 (2023): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v3i1.118

Abstract

This study aims to analyze whether there is an effect of corporate social responsibility and life cycle on firm value. The object of this research is a manufacturing company listed on the Indonesia Stock Exchange (IDX) in 2018-2019. The sample selection in this study used a purposive sampling method and the data used were secondary data. The sample in this study was 79. The analytical technique used for this study was multiple linear regression analysis. Data processing using SPSS application. The result of this research is that corporate social responsibility has a negative effect on firm value with a significance of 0.010. The company's life cycle has no effect on the value of the company with a significance value of 0.447.
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 Financial Performance Before and After Mergers and Acquisitions Fellicia Novita; Rosyeni Rasyid
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.v2i3.120

Abstract

This study aims to analyze the company's financial performance through financial ratios before and after mergers and acquisitions of companies listed on the Indonesia Stock Exchange with the period studied 2016-2019. Manufacturing companies listed on the Indonesia Stock Exchange are the population in this study. While the sample in this study used purposive sampling method in order to obtain 13 samples. The type of data used in this study is secondary data obtained from the website www.idx.co.id. The analytical method used is the Paired Sample T-test Difference. The results of this study indicate that there are differences before and after mergers and acquisitions in certain financial ratios, namely the Return on Assets and Price Earning Ratios, but the other ratios tested did not show any differences when studied.
The Effect Of Earnings Per Share (Eps), Exchange Rate, Inflation, And Interest Rate On Stock Prices On Food And Beverage Companies Listed On The Indonesia Stock Exchange (Idx) 2018-2021 Annisa Sifa Fauzia; Yolandafitri Zulvia
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.v2i3.121

Abstract

This study has the aim of analyzing the effect ofEPS,exchange rates, inflation, interest rates on stock prices in food and beverage companies on the Indonesia Stock Exchange in 2018-2021.The population in this study are food and beverage companies listed on the Indonesia Stock Exchange in 2018-2021. Furthermore, the sample in the study was determined using the methodpurposive sampling. The number of samples obtained is 96 data. The analytical method used is multiple linear regression analysis using the IBM SPSS Statistics 26 program. The results of this study conclude that EPS, exchange rates, inflation, interest rates affect stock prices. Partially EPS stocks have a positive and significant effect on stock prices, exchange rates have a positive and insignificant effect on stock prices, inflation has a positive and insignificant effect on stock prices, and interest rates have a negative and insignificant effect on stock prices of food and beverage companies. 2018-2021. With the coefficient of determination as much as 28.3% while 71.7% influenced by other factors outside the study.
Effect of Financial Knowledge and Locus Of Control on Personal Financial Management Behavior with Financial Literacy as Mediator Variable Syafrina Syafrina; Abel Tasman
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.v2i3.122

Abstract

This study aims to analyze the effect of: (1) Financial Knowledge and (2) Internal Locus of Control on Personal Financial Management Behavior with Financial Literacy as a Mediator Variable. The population used is all students of Generation Z Strata 1 who are actively studying at Padang State University, amounting to 31,553 people. The sampling technique of this study used the Cluster Random Sampling technique with a total sample of 335 people. This study uses primary data and secondary data. The data analysis method used is Structural Equation Modeling (SEM) using SmartPLS version 3.3. The results of this study show that (1) Financial Knowledge and Internal Locus of Control have a positive and significant effect on Financial Literacy (2) Financial Knowledge and Internal Locus of Control have a positive and significant effect on Personal Financial Management Behavior (3) Financial Literacy has a positive and significant effect on significant effect on Personal Financial Management Behavior (4) Financial Knowledge and Internal Locus of Control have a positive and significant effect on Personal Financial Management Behavior with Financial Literacy as a Mediator Variable, in Generation Z students at Padang State University.
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.