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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 cash conversion cycle, leverage, sales growth, and firm size on profitability in manufacturing companies in the consumer goods industry sector listed on the Indonesia Stock Exchange (IDX): Pengaruh siklus konversi kas, leverage, pertumbuhan penjualan, dan ukuran perusahaan terhadap profitabilitas pada perusahaan manufaktur sektor industri barang konsumsi yang terdaftar di bursa efek indonesia (BEI) Zhafira Haura Putri Tomewi; Yolandafitri Zulvia
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.v3i1.147

Abstract

This study aims to analyze the effect of (1) cash conversion cycle on company profitability, (2) leverage on company profitability, (3) sales growth on profitability, (4) firm size on profitability of manufacturing companies in the consumer goods industry sector listed on the Stock Exchange Indonesia in 2018-2021. The population in this study are manufacturing companies in the consumer goods industry sector which are listed on the Indonesia Stock Exchange. Meanwhile, the sample in this study was determined using the purposive sampling method, namely manufacturing companies in the consumer goods industry sector for four consecutive years from 2018-2021 so that a total sample of 52 companies was obtained with 186 observation data. The analytical method used is multiple linear regression method using the IBM SPSS Statistics 22 program. The results of this study conclude that (1) the cash conversion cycle has a negative and not significant effect on company profitability, (2) leverage has a negative and significant effect on company profitability, (3) sales growth has a positive and significant effect on company profitability, (4) firm size has a positive and significant effect on company profitability.
Nura, Megi Hedian The Role Of Corporate Social Responsibility (CSR) In Mediate The Effect Of Corporate Governance (CG) On Financial Performance: PERAN CORPORATE SOCIAL RESPONSIBILITY (CSR) DALAM MEMEDIASI PENGARUH CORPORATE GOVERNANCE (CG) TERHADAP KINERJA KEUANGAN Megi Megi Hedian Nura; Abel Tasman
Financial Management Studies Vol. 3 No. 2 (2023): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v3i2.150

Abstract

This study aims to analyze the effect of (1) Corporate Governance on Corporate Social Responsibility, (2) Corporate Governance on Financial Performance, (3) Corporate Social Responsibility on Financial Performance, (4) Corporate Social Responsibility (CSR) has a role in mediating the relationship between Corporate Governance (CG) on Financial Performance listed on the Indonesia Stock Exchange in 2015-2021. Sample of 26 companies was obtained with 182 observational data for each variable. Structural Equation Modeling (SEM) Assumptions Test Method using the Amos 22 program. The results of this study conclude that (1) Corporate Governance (CG) has an influence and is significant on Corporate Social Responsibility (CSR) (2) Corporate Governance (CG) has an influence and is significant on financial performance, (3) Corporate Social Responsibility (CSR) has significant and significant effect on Financial Performance, and (4) Corporate Social Responsibility (CSR) has a role of mediating the relationship between Corporate Governance (CG) on Financial Performance.
The Influence of Financial Knowledge, Financial Socialization on Financial Satisfaction with Financial Risk Attitude as a Mediation Variable in Millennial Generation in Padang City Hanifa Asti Afriani; Rizki Sri Lasmini
Financial Management Studies Vol. 3 No. 2 (2023): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v3i2.151

Abstract

This research has a purpose to analyze the influence of financial knowledge, financial socialization on financial satisfaction with financial risk attitude as a mediating variable in the millennial generation in Padang City. The population in this research is the millennial generation who already have income in the city of Padang. The total of samples in this research were 210 respondents. Data collection through distributing questionnaires online and processed data using SmartPLS software. The results of this research point that (1) financial knowledge has a significant effect on financial risk attitude , (2) financial socialization has no significant effect on financial risk attitude , (3) financial risk attitude has a significant effect on financial satisfaction , (4) financial knowledge has a significant effect on financial satisfaction , (5) financial socialization has a significant effect on financial satisfaction , (6) financial knowledge has no significant effect on financial satisfaction with financial risk attitude as mediation, (7) financial socialization has no significant effect on financial satisfaction with financial risk attitude as mediation.
Measurement Model of Social Capital, Entrepreneurial Orientation, Entrepreneurial Financing Choice and Performance in SMEs in West Sumatra Siti Atikah Delfira; Erni Masdupi
Financial Management Studies Vol. 3 No. 2 (2023): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v3i2.162

Abstract

This research provides evidence of a measurement model, (confirmatory factor analysis--CFA) of performance, social capital, entrepreneurial orientation, and entrepreneurial financing choice of SMEs in West Sumatra in 2023. The purpose of this research is to test the accuracy of the measurement model on the data that has been collected. To answer this research question using a structural equation model (SEM). With a sample of 342 SMEs, it was found that the hypothesized model is valid and significant. The highest SL performance indicators are on the 2nd indicator with a value of 0.0972 and the lowest SL is on the 5th indicator with a value of 0.517. The Social capital indicators the highest SL is on the 7th indicator with a value of 0.905 and the lowest SL is on the 1st indicator with a value of 0.496. The highest SL entrepreneurial orientation indicators are on the 3rd indicator with a value of 0.876 and the lowest SL is on the 9th indicator with a value of 0.600. The Entrepreneurial financing choice indicators the highest SL is on the 4th indicator with a value of 0.962 and the lowest SL is on the 1st indicator with a value of 0.565.
Pengaruh Likuiditas Saham Terhadap Excess Leverage pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Warzukni, Asyifa; Rasyid, Rosyeni
Financial Management Studies Vol. 3 No. 3 (2023): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v3i3.161

Abstract

This study aims to analyze the effect of stock liquidity on excess leverage proxied by Excess Book Leverage (Booklev) and Excess Market Leverage (Marketlev) in manufacturing companies listed on the Indonesia Stock Exchange. This study uses three control variables, namely Return on Asset (ROA), Size, and Tangibility. The population in this study is all manufacturing companies listed on the Indonesia Stock Exchange in 2017-2021 totaling 232 companies. While the number of samples in this study amounted to 51 companies determined by the purposive sampling method and obtained a total of 255 data. The type of data used in this study is pre-existing data, obtained from the IDX Fact Book and the annual report of the sample companies. The analysis approach applied is to use multiple linear regression methods. From the results of the study, it can be concluded that there is a negative and significant relationship between stock liquidity with Excess Book Leverage (Booklev) and Excess Market Leverage (Marketlev) in manufacturing companies listed on the Indonesia Stock Exchange.
The Measurement Model of Sosial Capital, Risk Taking and Sustainability in SMEs in West Sumatra Yolanda, Fiska; Masdupi, Erni
Financial Management Studies Vol. 3 No. 3 (2023): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v3i3.163

Abstract

This study provides evidence of a measurement model (confirmatory factor analysis--CFA) of sustainability, sosial capital and risk taking. UKM in West Sumatra in 2023. The purpose of this research is to test the accuracy of the measurement model on the data thas has been collected. To answer this research question using a structural equation model (SEM), with a sample of 250 SMEs. The resulting data analysis found that the hypothesized model is valid and significant. The sustainability indicator has a significant factor loading and is more than 0,3. With the highest loading standard on the sixth indicator of 0,876, and the lowest loading standard on the third indicator of 0,445. The sosial capital indicators have all significant factor loadings and are more than 0,3. The highest loading standard is the seventh indicator of 0,886 and the lowest is the fourth indicator of 0,401. Risk taking also has a factor loading of all significant indicators and more than 0,3. With the highest loading standard located on the first indicator of 0,930, and the lowest loading standard on the fifth indicator, namely 0,582.
The Measurement Model of Social Capital, Risk Taking, and Entrepreneurial Financing Choice in SMEs in West Sumatra Ahmad, Faddilla; Masdupi, Erni
Financial Management Studies Vol. 4 No. 1 (2024): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v4i1.164

Abstract

This study demonstrates the measurement model of Entrepreneurial Financing Choices, Social Capital, and Risk Taking of SMEs in West Sumatra in 2023, through (confirmatory factor analysis -- CFA). This study aims to test the accuracy of the measurement model with the data collected, with a large sample of 338 respondents. Data analysis was carried out using the Structural Equation Modeling (SEM) method using IBM SPSS Amos 24 software. SEM is also known as a two-step approach consisting of a measurement model test and also a structural model test. All indicators for each variable in this study have a loading factor value above 0,3 which indicates convergent validity is met. In the Entrepreneurial Financing Choice variable, the third indicator has the highest value of 0,962 and the first indicator has the lowest value of 0,435. In the Social Capital variable, the seventh indicator has the highest value of 0,858 and fourth indicator has lowest value of 0,395. In the Risk Taking variable, the second indicator has the highest value of 0,942 and the fifth indicator has the lowest value of 0,613.
The The Influence of Financial Literacy and Adoption of Fintech Digital Payment on Financial Management Behavior of Bengkulu City MSME Jihan Nada Hanifah; Rosyeni Rasyid
Financial Management Studies Vol. 4 No. 1 (2024): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v4i1.165

Abstract

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The Effect of Financial Ratios, Corporate Governance, and Macroeconomics on Financial Distress in Tourism Industry Service Companies Listed on the Indonesia Stock Exchange Mulia Putri, Cika; Tasman, Abel
Financial Management Studies Vol. 3 No. 3 (2023): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v3i3.166

Abstract

This study aims to analyze the effect of (1) profitability on financial distress, (2) liquidity on financial distress, (3) leverage on financial distress, (4) gender diversity on financial distress, (5) institutional ownership on financial distress, (6) ) inflation on financial distress, (7) interest rates on the financial distress of tourism industry service companies listed on the Indonesia Stock Exchange before and during the Covid-19 Pandemic. While the sample in this study was determined using the purposive sampling method, namely tourism industry service companies with data prior to the Covid-19 Pandemic for six consecutive years from 2014-2019 so that a total sample of 18 companies was obtained with 108 observational data and data during the Covid Pandemic. -19 for two consecutive years from 2020-2021 so that a total sample of 18 companies was obtained with 144 observational data. The analytical method used is the logistic regression method using the IBM SPSS Statistics 25 program. The results of this study concluded before the Covid-19 Pandemic that (1) profitability as measured by ROE had a significant negative effect on financial distress, (2) liquidity as measured by CR was negative and did not have a significant effect on financial distress, (3) leverage as measured with DER having a significant negative effect on financial distress, (4) gender diversity is negative and has no significant effect on financial distress, (5) institutional ownership is positive and has no significant effect on financial distress, (6) inflation is negative and has no significant effect on financial distress, (7) positive interest rates and no significant effect on financial distress. While the results of research during the Covid-19 Pandemic concluded that (1) profitability as measured by ROE had a significant negative effect on financial distress, (2) liquidity as measured by CR had a significant negative effect on financial distress, (3) leverage as measured by DER negative and has no significant effect on financial distress, (4) gender diversity has a positive and no significant effect on financial distress, (5) institutional ownership has a significant positive effect on financial distress, (6) inflation has a significant negative effect on financial distress, (7) ethnicity positive interest and no significant effect on financial distress.
Hanifah, Siti Jihan The Effect Of The Characteristics Of The Board Of Commissioners On The Financial Performance Of Manufacturing Companies In The Consumer Goods Industry Sector Listed On The Indonesian Stock Exchange (IDX) : Pengaruh Karakteristik Dewan Komisaris Terhadap Kinerja Keuangan Perusahaan Manufaktur Sektor Industri Barang Konsumsi Yang Tercatat Di Bursa Efek Indonesia Hanifah, Siti Jihan
Financial Management Studies Vol. 3 No. 3 (2023): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v3i3.170

Abstract

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