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Journal of Accounting Research, Utility Finance and Digital Assets (JARUDA)
Published by PT. RADJA INTERCONTINENTAL PUBLISHING
ISSN : -     EISSN : 2962973X     DOI : -
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Journal of Accounting Research, Utility Finance and Digital Assets (JARUDA) provides a forum for academics and professionals to share the latest developments and advances in knowledge and practice of business management, both theory and methods. It aims to foster the exchange of ideas on a range of essential management subjects and to provide a stimulus for research and the further development of international perspectives.
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Articles 320 Documents
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THE EFFECT OF PROFITABILITY, LIQUIDITY, CAPITAL STRUCTURE, AND MANAGERIAL OWNERSHIP ON DIVIDEND POLICY IN MANUFACTURING COMPANIES LISTED ON THE IDX Fittriana
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 4 No. 2 (2025): October
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/jaruda.v4i2.285

Abstract

This research aims to examine and analyze the influence of Return on Equity (ROE), Current Ratio (CR), Debt to Equity Ratio (DER), and Managerial Ownership (MOWN) on the Dividend Payout Ratio (DPR) in manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the 2011–2014 period. The population of this study consists of all publicly listed manufacturing companies. The sample was selected using a purposive sampling method, resulting in 11 companies that met the specified criteria. The study employs multiple linear regression analysis, complemented by t-tests and F-tests, and the data were processed using EViews 8. This is a quantitative study that utilizes secondary data, collected through the documentation of annual financial statements of manufacturing companies listed on the IDX. The results show that, partially, Return on Equity has a positive and significant effect on the Dividend Payout Ratio. The Current Ratio has a negative and significant effect, while the Debt to Equity Ratio has a negative but insignificant effect. Managerial Ownership has a negative and significant effect on the Dividend Payout Ratio. Meanwhile, when tested simultaneously, ROE, CR, DER, and MOWN have a positive and significant effect on the Dividend Payout Ratio.
THE EFFECT OF FINANCIAL RATIOS ON PROFIT GROWTH IN MINING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE Gembira Marbun
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 4 No. 3 (2026): January
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.20529229

Abstract

This study investigates the influence of financial ratios on the profit growth of mining companies listed on the Indonesia Stock Exchange (IDX) from 2017 to 2020. Specifically, it examines the impact of four financial ratios: Current Ratio (CR), Debt to Asset Ratio (DAR), Total Asset Turnover (TATO), and Return on Assets (ROA). A multiple linear regression analysis is employed to analyze the data. The findings reveal that each of the ratios significantly influences profit growth, both individually and collectively. The study highlights that CR, DAR, TATO, and ROA are essential indicators for assessing the financial health of mining companies and can predict future profit growth. These results are valuable for investors and creditors in making informed decisions regarding investments in the mining sector. The study contributes to the growing body of literature on financial performance analysis and offers practical insights for both researchers and industry professionals.
THE EFFECT OF CAPITAL STRUCTURE AND MANAGERIAL OWNERSHIP ON COMPANY VALUE THROUGH FINANCIAL PERFORMANCE IN THE FOOD & BEVERAGE SUB-SECTOR ON THE INDONESIA STOCK EXCHANGE Muhammad Arif; Nisrul Irawati; Syahyunan
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 4 No. 3 (2026): January
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/jaruda.v4i3.288

Abstract

Abstract The food and beverage industry is a strategic sector that plays an important role in the national economy and attracts considerable attention from investors in the capital market. Firm value reflects market perceptions of a company’s performance and prospects, which are influenced by capital structure, managerial ownership, and financial performance. This study aims to analyze the effect of capital structure and managerial ownership on firm value, the effect of financial performance on firm value, as well as the role of financial performance as an intervening variable in food and beverage sub-sector companies listed on the Indonesia Stock Exchange during the 2020–2024 period. This research employs a quantitative approach using secondary data from 13 companies with a total of 65 observations, analyzed using the Structural Equation Modeling–Partial Least Squares (SEM-PLS) method. The results show that capital structure has a positive and significant effect on firm value, managerial ownership has a positive and significant effect on firm value, and financial performance has a positive and significant effect on firm value. In addition, capital structure and managerial ownership are found to have a negative and significant effect on financial performance. Furthermore, financial performance is able to mediate the effect of capital structure on firm value as well as the effect of managerial ownership on firm value. These findings indicate that financing decisions and managerial ownership mechanisms not only have a direct impact on firm value but also operate through financial performance as a channel of influence. Therefore, optimal capital structure management and enhanced effectiveness of managerial ownership are important factors in improving firm value in a sustainable manner.
ANALYSIS OF THE DEVELOPMENT AND FINANCIAL PERFORMANCE OF PT UNILEVER INDONESIA TBK IN THE LAST FIVE YEARS Neza Alkhaira; Isna Septia; Junita Munasari; Wulan Dara Sari Arhas; A. Hadi Arifin
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 3 No. 2 (2024): October
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/jaruda.v3i2.290

Abstract

The Research This analyze development and performance finances of PT Unilever Indonesia Tbk in five years last . As A company operating in the fast moving consumer goods (FMCG) sector , Unilever is facing change behavior consumers , pressure global economy , as well as impact recovery post-pandemic . Research use method descriptive with approach studies library through report annual report finance , and literature supporters . Research results show that Unilever is capable maintain stability business although profitability experience fluctuations consequence increase cost production . Liquidity company still strong Because efficiency operational and strengthening digital strategy. In overall , Unilever pointed out resilience through strategy adaptation , strength brand , as well as commitment to sustainability .
ANALYSIS REPORT FINANCE PT. INDOFOOD SUKSES MAKMUR TBK PERIOD 2020-2024 Salsabila Azzahra Haryu Putri; Mutiara Andini; Putri Nabila; Miftahul Jannah; Ratna
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 3 No. 2 (2024): October
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/jaruda.v3i2.293

Abstract

Financial performance is an essential indicator for assessing a company’s financial health and business sustainability amid increasingly dynamic competition. This study aims to analyze the financial performance of PT Indofood Sukses Makmur Tbk using a financial ratio analysis approach. The research employs a descriptive quantitative method, utilizing secondary data derived from the company’s officially published financial statements. The analytical techniques applied include liquidity, solvency, and profitability ratios to evaluate the company’s ability to meet its short-term and long-term obligations as well as to generate profits. The results indicate that PT Indofood Sukses Makmur Tbk demonstrates a relatively strong level of liquidity, reflecting its capability to fulfill short-term liabilities. In terms of solvency, the company shows a fairly stable capital structure, although it remains partially dependent on debt financing for its operations. Meanwhile, profitability ratios reveal fluctuations in earnings performance, influenced by both economic conditions and operational factors. Overall, the findings suggest that the financial performance of PT Indofood Sukses Makmur Tbk is in a generally good condition; however, the company is encouraged to improve asset and capital efficiency to ensure sustainable financial performance in the future. This study is expected to provide valuable insights for management evaluation and serve as a reference for investors and future researchers.
ANALYSIS FACTOR RISK GEOPOLITICS AND GLOBAL INFLATION AGAINST MOTIVATION OF INDONESIAN PEOPLE TO INVEST GOLD Rakesh Sitepu; Anis Satu Rofiah; Arif Mustofa; Dwi Jeni Astutie; Erik Aprizal
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 4 No. 3 (2026): January
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.20528951

Abstract

This study examines the impact of geopolitical risk and global inflation on gold investment motivation am ong Indonesian investors, with perceived uncertainty acting as an intervening variable. Using a quantitative approach, data were collected from 250 respondents and analyzed through Structural Equation Modeling Partial Least Squares (SEM-PLS). The results indicate that geopolitical risk has a significant positive effect on perceived uncertainty, whereas global inflation does not exhibit a significant influence. Furthermore, neither geopolitical risk, global inflation, nor perceived uncertainty directly affect gold investment motivation. Mediation analysis confirms that perceived uncertainty does not significantly transmit the effects of macroeconomic pressures to gold investment motivation. These findings suggest that gold investment behavior in Indonesia is not solely driven by macroeconomic uncertainty but may depend on heterogeneous behavioral patterns. The study contributes to the behavioral finance literature by highlighting the limited direct role of global risk factors in shaping gold investment motivation and offers insights for policymakers and financial institutions in designing adaptive gold investment strategies.
ANALYSIS OF PT ASTRA'S FINANCIAL REPORT INTERNATIONAL TBK Alya Zahwa; Cut Ulya Sabiba; Alya Dhiya Putri Erwin; Lafina Rima Dana; Jariah Abubakar
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 4 No. 3 (2026): January
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/jaruda.v4i3.296

Abstract

Study This aim For analyze performance PT Astra International Tbk finance through approach analysis ratio finances which include ratio liquidity , solvency , profitability , activity , and market ratios during 2019–2023 period . Research This motivated by the importance of evaluation performance finance company conglomerate big , especially in face pressure global economy due to COVID-19 pandemic and phases recovery post-pandemic . Research methods used is method descriptive quantitative with using secondary data in the form of report finance PT Astra International Tbk 's annual earnings from report official companies and the Indonesian Stock Exchange . Data analysis techniques were carried out with calculate and interpret various ratio Financial indicators , including Current Ratio, Debt to Equity Ratio (DER), Return on Assets (ROA), Total Asset Turnover (TATO), Price Earnings Ratio (PER), Price to Book Value (PBV), and dividend yield. show that PT Astra International Tbk own level secure liquidity and solvency , resilient profitability , and efficiency relative activity good . In addition , the market ratio shows that share ASII is at a fair valuation with Power pull investment term strong length . Findings This indicates that PT Astra International Tbk have healthy financial fundamentals and be able to guard stability performance in the middle uncertainty economy .
MULTIDIMENSIONAL PERSPECTIVES ON CLIMATE CHANGE MITIGATION AND ADAPTATION: A SYNTHESIS OF ECONOMIC, SOCIAL, AND ENVIRONMENTAL STRATEGIES Tutut Alamin; Pradhita Nurika Ramadani; Rahadian Bayu Riandana; Nadratul Aini; Navy Jihan
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 4 No. 3 (2026): January
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.20528691

Abstract

Climate change presents a multifaceted global challenge requiring comprehensive strategies across economic, social, and environmental dimensions. This study aims to synthesize recent research findings regarding climate change mitigation and adaptation strategies, ranging from corporate governance and economic modeling to grassroots agricultural innovations and psychological responses. A comprehensive literature review method was employed to analyze nine recent scholarly articles focusing on diverse aspects of the climate crisis. The synthesis reveals three key themes: (1) The critical role of corporate governance, including board diversity and accounting standards, in managing climate risk; (2) The necessity of technological and policy interventions in agriculture and urban planning to mitigate heat and ensure food security; and (3) The significant impact of psychological and health factors, where emotional responses to climate change drive pro-environmental behavior. The study concludes that effective climate action requires an integrated approach that combines high-level policy frameworks with community-based innovations and psychological engagement .
PRICE COMPETITION OF IMPORTED CLOTHING PRODUCTS AND THRIFTING ON THE MARKET SHARE OF THE DOMESTIC GARMENT INDUSTRY IN CENTRAL JAVA Wahyu Jumiarsih; Novita Putriyani; Septa Safeina Maris; Bangkit Suasono
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 4 No. 3 (2026): January
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/jaruda.v4i3.298

Abstract

Price competition in the fashion industry is increasingly intensifying as the penetration of low-priced imported clothing products increases and the phenomenon of thrifting (imported used clothing) is rampant. This condition puts significant pressure on the sustainability of the domestic garment industry's market share, especially in Central Java as one of the national garment production centers. This study aims to analyze the influence of the price of new imported clothing and the price of used thrifting clothing on the market share of the domestic garment industry in Central Java, as well as examine the role of consumer interest as a mediating variable. This study uses a quantitative approach with primary data obtained through a questionnaire of 58 garment and convection business actors in Central Java. Data analysis was carried out using multiple linear regression and path analysis. The results of the study show that the price of new imported clothes and the price of used thrifting clothes have a positive and significant effect on the market share, both partially and simultaneously. In addition, consumer interest has been proven to be able to mediate the effect of the price of used thrifting clothes on market share, but does not mediate the influence of the price of new imported clothes. These findings indicate that consumer decisions on thrifting products are more influenced by interest and value perceptions, while decisions on new imported clothing are more rational and directly influenced by price. This research makes a theoretical contribution to the study of industrial competition and market crowding-out, as well as practical implications for business actors and policymakers in formulating strategies to strengthen the domestic garment industry.
ANALYSIS OF FINANCIAL REPORTS OF PT. BISI INTERNASIONAL TBK IN 2024 Savina Alhidrah; Yessi Safitri; Dara Aulia; Afdhalul Ramadhan; ichsan
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 4 No. 3 (2026): January
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.20519951

Abstract

This study aims to analyze the financial performance of PT BISI International Tbk for the year 2024 using financial statement analysis. The research focuses on evaluating the company's financial condition through liquidity, solvency, profitability, activity, and market ratios based on audited consolidated financial statements. The method applied is descriptive quantitative analysis by calculating and interpreting relevant financial ratios, including current ratio, quick ratio, debt to asset ratio, debt to equity ratio, gross profit margin, net profit margin, return on assets, return on equity, total asset turnover, inventory turnover, receivable turnover, earnings per share, price earning ratio, dividend per share, and dividend payout ratio. The results indicate that PT BISI International Tbk has a very strong liquidity position and a conservative capital structure with low financial risk. Profitability ratios show the company's ability to generate stable profits, although efficiency in asset utilization and inventory management still requires improvement. From the market perspective, the company demonstrates positive performance as reflected by favorable earnings per share and a balanced dividend policy. Overall, the analysis shows that PT BISI International Tbk is in a healthy and stable financial condition, making it attractive to investors while still providing opportunities for operational efficiency enhancement.

Page 23 of 32 | Total Record : 320

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