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Contact Name
Muslim
Contact Email
advancesresearch@gmail.com
Phone
+6282194548786
Journal Mail Official
advancesresearch@gmail.com
Editorial Address
Jln. Perintis Kemerdekaan, Puri Asri VII/A7 Makassar, Sulawesi Selatan, Indonesia (90245)
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Kota makassar,
Sulawesi selatan
INDONESIA
Advances in Economics & Financial Studies
ISSN : -     EISSN : 29857562     DOI : https://doi.org/10.60079/aefs
Core Subject : Economy,
Founded in 2023, Advances in Economics & Financial Studies publishes original research that promises to advance our understanding of Economics & Financial Studies over diverse topics and research methods. This Journal welcomes research of significance across a wide range of primary and applied research methods, including analytical, archival, experimental, survey and case study. The journal encourages articles of current interest to scholars with high practical relevance for organizations or the larger society. We encourage our researchers to look for new solutions to or new ways of thinking about practices and problems and invite well-founded critical perspectives. We provide a forum for communicating impactful research between professionals and academics in Economics & Financial Studies research and practice with discusses and proposes solutions and impact the field. Advances in Economics & Financial Studies addresses a broad range of issues within the fields of finance and economics. Research involving financial institutions, financial policy, control issues for firms, central bank policy, risk and uncertainty, and the economics and financial dimensions of market and non-market phenomena, as well as more specialized topics, all fall within its purview.
Articles 5 Documents
Search results for , issue "Vol. 1 No. 2 (2023): February - May" : 5 Documents clear
Effect of Working Capital Effectiveness and Growth Opportunity on Profitability Sari, Ratna
Advances in Economics & Financial Studies Vol. 1 No. 2 (2023): February - May
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/aefs.v1i2.84

Abstract

This study aimed to analyze the effect of cash turnover, accounts receivable turnover, inventory turnover and Growth Opportunity on Manufacturing Companies' Profitability on the Indonesia Stock Exchange. The type of data used in this study is quantitative data in the form of numbers in the form of financial reports on manufacturing companies listed on the Indonesia Stock Exchange in the period 2017 -2020 . Data sources in research are secondary data, namely in written form or company documents. The data in this study will be tested with several stages of testing, namely descriptive statistical tests, classic assumption tests (normality test, heteroscedasticity test, multicollinearity test, autocorrelation test), and testing all hypotheses through the partial test (t test) and coefficient test determination. Based on hypothesis testing this study, it shows that the variable cash turnover, accounts receivable turnover, and inventory turnover positively and significantly affect profitability proxied by return on assets (ROA). In contrast, the growth opportunity variable has no significant effect on profitability proxied by return on assets (ROA)
Application of the Economic Value Added (EVA) Concept as a Measuring Tool for Financial Performance Nianty, Dara Ayu; Safitri, Putri Aulia
Advances in Economics & Financial Studies Vol. 1 No. 2 (2023): February - May
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/aefs.v1i2.85

Abstract

This study aims to determine the application of Economic Value Added (EVA) to financial performance at PT. XL Axiata, Tbk. The sample in this study is the financial performance of PT. XL Axiata, Tbk for three years. This research method uses the documentation method. The data used in this study is secondary data obtained from financial reports on the Indonesian Stock Exchange website. The data obtained is then processed by simple regression. Based on the analysis that has been done, it can be concluded that the financial performance of PT. XL Axiata, Tbk. This can be seen from the EVA value, which continuously decreases yearly until it reaches a negative EVA value so that PT. XL Axiata, Tbk could not generate returns per the expectations of shareholders. Also, evaluating financial performance using the EVA method strongly supports assessing financial performance based on financial ratios. This performance appraisal method gives the result that PT. XL Axiata has continuously experienced a decline in financial performance. However, with EVA, shareholders can see the size of the return generated by PT. XL Axiata Tbk for shareholders and whether the rate of return follows the shareholders' expectations, exceeding the cost of capital for the investment it makes
Intellectual Capital and Corporate Social Responsibility on Stock Returns Ameliana, Yana; Lantara, Niniek F; Arfah, Aryati; Arif, Muhammad
Advances in Economics & Financial Studies Vol. 1 No. 2 (2023): February - May
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/aefs.v1i2.106

Abstract

This study aimed to determine the effect of intellectual capital and corporate social responsibility on stock returns in manufacturing companies listed on the Indonesia Stock Exchange. The type of data used in this study is quantitative data in the form of values or numbers obtained from financial reports. The source of data in this research is secondary data. The population in this study were all manufacturing companies listed on the Indonesia Stock Exchange, totaling 17 companies. Using a purposive sampling method, the total sample in this study is 51 data from 17 companies. The data in this study will be tested with several stages of testing, namely descriptive statistical tests, classic assumption tests (normality test, heteroscedasticity test, multicollinearity test), and testing of all hypotheses through the partial test (t test), simultaneous test and coefficient test determination. The results of this study indicate that intellectual capital and corporate social responsibility have a positive and significant effect on stock returns in manufacturing companies listed on the Indonesia Stock Exchange (IDX). This means that the increasing value of intellectual capital and corporate social responsibility, the stock return will also increase.
Insurance Company Financial Performance Analysis Rasyid, Abdul
Advances in Economics & Financial Studies Vol. 1 No. 2 (2023): February - May
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/aefs.v1i2.112

Abstract

This study intends to examine the financial performance of insurance companies listed on the Indonesia Stock Exchange (IDX) between 2016 and 2019. This study employs the liquidity ratio, the profitability ratio, and the solvency ratio as indicators of financial performance. The sample comprises of thirteen insurance companies that are listed on the IDX and go public. The results revealed multiple findings. First, the liquidity ratio, which consists of the current ratio and the fast ratio, demonstrates fluctuations, particularly in the calculation of the current ratio. The maximum value for insurance companies with the AHAP code is 772 percent, which is included in the excellent criteria. In contrast, the insurance company with the code AMAG has the lowest value, 2%, which falls under the unfavorable criteria. The fast ratio also demonstrates positive results, with insurance companies having values greater than 1, indicating the availability of current assets to cover liabilities. The second variable is the solvency ratio, which comprises the total debt to equity ratio and the total debt to asset ratio. The insurance companies with the ASDM code have the highest total debt to equity ratio, which is 50%, indicating a solid equity-based return rate. Meanwhile, insurance companies with the AHAP code have the lowest value, 2%, indicating a weak equity-based return rate. The total debt to asset ratio is unfavorable, with insurance companies with the ASDM code having the highest value (83%) and insurance companies with the AHAP code having the lowest value (4%). Thirdly, return on assets (ROA) is used to compute the profitability ratio. ROA also fluctuates. Insurance companies with the AHAP code have the highest value, 5403%, which demonstrates the company's ability to generate exceptional returns on total assets. In contrast, insurance companies with the codes ABDA, AHAP, and AMAG have the lowest value, 6%, indicating a healthy rate of return on profits based on total assets.
Deposit Interest Rates and Amount of Time Deposit Funds Arfah, Aryati; Muslim, Muslim
Advances in Economics & Financial Studies Vol. 1 No. 2 (2023): February - May
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/aefs.v1i2.119

Abstract

This study aims to determine the effect of deposit interest rates on the amount of time deposits at PT Bank Rakyat Indonesia Makassar Branch. The data source used is secondary data, in this case the data and financial statements of PT Bank Rakyat Indonesia Makassar Branch for a year, including reports on deposit interest rates of PT Bank Rakyat Indonesia Makassar Branch. This research uses data collection techniques through field studies. The analysis method used is simple linear regression using the SPSS 16.0 for Windows program. Based on hypothesis testing using the F test it is concluded that the term interest rate does not have a positive influence on time deposit funds. And based on the partial test (t) it is concluded that the term interest rate has no significant effect on time deposit funds.

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