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The effect of interest rates exchange rates and capital structure on share prices in tourism sub-sector companies Sekolastika Sekolastika; Giriati Giriati; Wenny Pebrianti; Mustarudin Mustarudin; Rizani Ramadhan
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.163

Abstract

This research aims to assess the impact of interest rates, exchange rates, and capital structure as measured by debt-equity ratio (DER) on the share prices of tourism subsector companies listed on the Indonesia Stock Exchange between 2018 and 2022. This investigation employs quantitative research methodology. This study uses secondary data from financial reports of tourism subsector companies registered on the IDX between 2008 and 2022. The sample used is nine tourism subsector companies. In this investigation, sampling was carried out using purposive sampling. Using the SPSS 26 analysis tool, the multiple linear regression statistical method was applied to the research data. It was discovered in this investigation that Interest rates have a partial positively and significant impact on stock prices. The exchange rate partially has a negative and insignificant impact on share prices, and capital structure (DER) partial positively and significant impact on share prices of tourism subsector companies partially from 2018 to 2022. In addition, it is known that variables such as interest rates, exchange rates, and capital structure (DER) simultaneously influence the share prices of tourism subsector companies from 2018 to 2022
Does corporate social responsibility moderate financial performance and firm size on firm value? Nathania Lauren; Ilzar Daud; Helma Malini; Giriati Giriati; Arman Jaya
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.164

Abstract

The global socio-economic crisis has prompted businesses and stakeholders to consider sustainable development initiatives. Protecting firm value through sustainability initiatives was critical to help firms survive the crisis. This study aimed to investigate the moderating effect of Corporate Social Responsibility (CSR) on the relationship between financial ratios, firm size, and firm value during the post-pandemic era, as this period was the best time to fix the firm’s management strategy. The research focused on manufacturing firms that are publicly traded on the IDX from 2021 to 2022. This research employed a purposive sampling method, resulting in a sample size of 38 firms. This analysis technique employed the Multiple Linear Regression. The findings showed that profitability impacts firm value while liquidity, firm size, and CSR insignificantly affect firm value. CSR, as a moderation reduced the impact of profitability on firm value; however, it does not moderate the effects of firm liquidity and firm size on firm value. During the post-pandemic period, various business sectors are navigating economic challenges by implementing strategies to boost sales and strengthen stock values. Therefore, many businesses deprioritize sustainable development because it might increase costs, reducing profits and firm value
The influence of cash conversion cycle, capital structure, and liquidity on profitability with firm size as moderation Clarissa Fransisca; Ahmad Shalahuddin; Wendy Wendy; Giriati Giriati; Hasanudin Hasanudin
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.166

Abstract

This research analyses variables that influence profitability and corporate size as moderation. Three factors must be analyzed: cash conversion cycle, capital structure, and liquidity. This research examines how profitability is influenced by the cash conversion cycle, capital structure, and liquidity to profitability on major trading subsector firms publicly traded on the Indonesian Stock Exchange. Using the help of spss, this quantitative survey tested 100 panel data observations on the Indonesian Stock Exchange (BEI). According to the analysis, profitability is negatively impacted by cash conversion cycles and capital structures but positively affected by liquidity. Additional research indicates that company size amplifies the impact of the cash conversion cycle and capital structure on profitability but doesn't moderate the effect of liquidity on profitability. This suggests the role of corporate size as moderation
The effect of financial literacy and love of money on the financial management behavior of generation z Ridhota Madini; M. Irfani Hendri; Helma Malini; Giriati Giriati; Ikram Yakin
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.167

Abstract

Present-day Generation Z encounters financial obstacles that will have long-term consequences on the collective financial welfare of future generations, and their decision-making processes transpire under more adverse conditions than those of prior generations. Nevertheless, there remains a dearth of research that thoroughly examines the financial management behavior of Generation Z, particularly regarding how financial literacy, love of money, and lifestyle impact this behavior. The financial management behavior focuses on using money effectively and efficiently. This study will investigate how financial literacy and love of money influence the financial management behavior of urban Generation Z members in Indonesia, using lifestyle as a mediator. Quantitative research is conducted and analyzed using SEM AMOS 22. The study collected data through a questionnaire from 232 respondents using a purposive sampling technique. According to the findings, financial literacy and love of money positively and significantly affect financial management behavior, mediated by lifestyle. These findings can assist related parties in devising strategic policies in micro and macroeconomics and can aid Generation Z's thought process in comprehending financial management behavior.
The impact of green finance on profitability with credit risk as an intervening variable Afifah Afifah; Erna Listiana; Wendy Wendy; Mustarudin Mustarudin; Giriati Giriati
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.170

Abstract

Sustainable Development Goals (SDGs) have become a global concern and have touched various industrial sectors. Through the application of green finance in the financial industry, green credit is provided by banks to support the sustainability of business projects based on environmental sustainability as determined in the Sustainability in the Sustainable Business Activity Category (KKUB) by OJK. On the other hand, as profit-oriented companies, banks need to consider how it impacts credit risk and banking profitability. Using credit risk as an intervening variable, this study seeks to establish the correlation between green finance and profitability of banks listed on the Indonesia Stock Exchange. This research uses the path analysis method and a quantitative study using the financial statements of banks that apply green finance for 2018-2022. The result shows that green lending (green finance) positively affects credit risk and negatively impacts bank profitability. Other result shows that credit risk can mediate the development of green lending on profitability.
The role of dividend policy as an intervening variable in the influence of financial fundamental factors on blue chip stock returns Resta Maulita Angreani; Ahmad Shalahuddin; Helma Malini; Giriati Giriati; Wendy Wendy
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.193

Abstract

The climate of investment plays a crucial role in the economic structure, where investors seek stocks from companies with a large market capitalization as market leaders because it reflects substantial company growth with relatively low risks. This study is essential as an investor analysis of evaluating the financial condition of a company and assessing the company's ability to survive long-term investment, as well as projections on how to understand the potential of dividend policy in distributing profits. This study will use Software Eviews 12 with multiple regression analysis panel data to test the hypothesis and the intervening variable. The sample data consists of 22 LQ45’s index blue chip companies listed on the IDX 2018-2022 period using a Purposive Sampling approach. Based on the research analysis EPS is not significant for dividend policy, PER has a significant impact on dividend policy, PBV does not impact dividend policy, EPS and PER both have a positive impact on stock returns. PBV, on the other hand, has a negative and significant effect on stock returns. Furthermore, PBV has a negative and significant effect on stock returns. Moreover, dividend policy significantly influences stock returns negatively. Additionally, dividend policy cannot mediate the EPS, PER, and PBV variables on stock returns.