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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
Herding behavior, disposition effect & investment decision: Testing the role of risk perception Khairunnisa Khairunnisa; Heriyadi Heriyadi; Wendy Wendy; Ilzar Daud; 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.v11i3.189

Abstract

This study explores how herding behavior, disposition effect, and risk perception affect the investment decisions of college students, with risk perception as a moderating variable. The survey involved selecting 210 respondents using a purposive sampling technique. This research examined the association between independent and dependent variables using AMOS and SPSS to test the hypotheses. The Structural Equation Model (SEM) test results show that risk perception is not a moderating factor in the relationship between herding behavior and investment decisions. How individuals perceive risk can impact how the disposition effect influences investment decisions. The study’s findings indicated that herding behavior, the disposition effect, and risk perception strongly impact investment decisions.