cover
Contact Name
Muhammad Fauzan
Contact Email
muhammadfauzan665@gmail.com
Phone
+6282287732973
Journal Mail Official
mankeu.ingreat@gmail.com
Editorial Address
Jl. Prof. M. Yamin, S.H. Tembilahan - Riau
Location
Kab. indragiri hilir,
Riau
INDONESIA
MANKEU (JURNAL MANAJEMEN KEUANGAN)
ISSN : -     EISSN : 2988246X     DOI : https://doi.org/10.61167/mnk.v1i2
Core Subject : Economy, Social,
MANKEU ini fokus pada pengembangan Ilmu Pengetahuan Manajemen Keuangan yang merupakan wadah untuk publikasi ilmiah dan media pertukaran informasi serta karya ilmiah bagi para akademisi. Jurnal ini diterbitkan oleh Lembaga Penelitian Indragiri Research Center (Ingreat) di bawah naungan Yayasan Alfaizan Putra Harapan Indragiri. Di mana dalam setahun karya ilmiah yang diterbitkan empat kali yaitu Bulan Januari-Maret, April-Juni, Juli-September, Oktober-Desember. Diharapkan dengan adanya MANKEU ini dapat memperluas dan meningkatkan kinerja akademis dan pengembangan ilmu Manajemen Keuangan. General Focus and Scope dari Jurnal Manajemen Keuangan (MAKEU) berupa artikel hasil penelitian atau gagasan konseptual dalam ruang lingkup Manajemen Keuangan (Analisa Laporan Keuangan, Analisa Kinerja Keuangan, Manajemen Investasi, Analisa Portofolio).
Articles 28 Documents
THE EFFECT OF INVESTMENT DECISIONS ON COMPANY VALUE IN LQ45 INDEX COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FOR THE 2018-2020 PERIOD ESY MURTIANUR ESY
MANKEU (JURNAL MANAJEMEN KEUANGAN) Vol. 1 No. 1 (2023): MANKEU (JURNAL MANAJEMEN KEUANGAN)
Publisher : Indragiri Research Center (ingreat)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61167/mnk.v1i1.3

Abstract

This study aims to examine the effect of investment decisions on firm value in LQ45 index companies listed on the Indonesia Stock Exchange for the 2018-2020 period as measured by financial ratios to firm value and to test whether investment decisions are measured by Fixed Assets to Total Assets (FATA) and investment decisions as measured by the Price Earning Ratio (PER) affect the company value of the LQ45 index as measured by Price To Book Value (PBV). This research was conducted on LQ45 index companies listed on the Indonesia Stock Exchange for the 2018-2020 period as many as 45 companies and sampling using the purposive sampling, 27 companies that meet the criteria. Data collection methods used are Library Research and Web Searching. The data analysis used was SPSS V23, while the data management was the classical assumption test, multiple linear regression analysis and hypothesis testing. From the results of research using the coefficient of determination test (R2) obtained a yield of 12.5%. FATA and PER affect Firm Value (PBV), while the remaining 87.5% are influenced by other variables not examined in this study. Based on the results of the t (partial) test for variables Price Earning Ratio have tcount<ttable or 2,933 < 1,67022 then H0 rejected and Ha accepted and the sig value of 0.005 is smaller than 0.05 so it can be concluded that Price Earning Ratio significant effect on firm value, and Fixed Asset to Total Asset  have tcount>ttableor -1,432 > 1,67022 then H0 accepted and Ha rejected and the sig value of 0.157 is greater than 0.05 so it can be concluded that partially Fixed Asset to Total Asset there is no significant effect on Firm Value. And from the F test (simultaneous) Price Earning Ratio and Fixed Asset to Total Asset Fcount>Ftableor 4.428 > 2.75 with a significant value of 0.016 less than 0.05, it can be concluded that simultaneously there is a significant effect on firm value at LQ45 index companies listed on the Indonesia Stock Exchange for the 2018-2020 period.
ANALYSIS OF THE EFFECT OF STOCK SPLIT AND CAPITAL STRUCTURE ON STOCK LIQUIDITY IN MANUFACTURING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE (IDX) FOR THE 2018-2020 PERIOD SUSMITA SARI MITA
MANKEU (JURNAL MANAJEMEN KEUANGAN) Vol. 1 No. 1 (2023): MANKEU (JURNAL MANAJEMEN KEUANGAN)
Publisher : Indragiri Research Center (ingreat)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61167/mnk.v1i1.4

Abstract

This study aims to find out whetherstock split and the capital structure affects the liquidity of shares in manufacturing companies listed on the IDX for the 2018-2020 period. The research population is manufacturing companies listed on the IDX in 2018-2020. Sampling using techniquePurposive Sampling. The sample consisted of 21 companies from 26 manufacturing companies listed on the IDX for 2018-2020, so that the research data analyzed totaled 63 samples. The data analysis technique used was Multiple Linear Analysis. Based on the results of research using the coefficient of determination test (R2) yield 12.4%Stock Split and Capital Structure jointly affect Stock Liquidity, while the remaining 87.6% is influenced by other variables not examined in this research variable. From the results of the multiple linear regression test, the regression equation is Y = 20.763 + 0.356 X1 + 0.397 X2 + ε. Based on the results of the (Partial) T-test research, it shows that Variable stock split have t-count as big-0,311 smaller than t-table namely 1.6706 until tcount< ttable HO accepted and Ha rejected and the sig value of 0.437 is greater than 0.05, so it can be concluded that partially Stock Split has no effect and is not significant to the Liquidity of Shares. The Capital Structure Variable has t-count as big2,889 while t-table namely 1.6706 until tcount>ttable, HO rejected and Ha accepted and the sig value of 0.005 is less than 0.05 so it can be concluded that partially Capital Structure has a significant and significant effect on Stock Liquidity. From F test (Simultaneous) F value is obtainedcount of 4.240 while Ftable of 3.15 so it can be concluded that Stock Split and Capital Structure simultaneously have a significant influence on Stock Liquidity.
COMPARATIVE ANALYSIS OF THE COMPANY'S FINANCIAL PERFORMANCE BEFORE AND AFTER CONDUCTINGSPIN-OFF AT PT. MITRA ADIPERKASA TBK. JULIA KARINA; MUHAMMAD FAUZAN
MANKEU (JURNAL MANAJEMEN KEUANGAN) Vol. 1 No. 1 (2023): MANKEU (JURNAL MANAJEMEN KEUANGAN)
Publisher : Indragiri Research Center (ingreat)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61167/mnk.v1i1.5

Abstract

This study aims to determine differences in financial performance at PT. Mitra Adiperkasa Tbk. before and after spin-off. Sampling using saturated sampling technique (census), the sample in this study is the company's quarterly financial reports for 5 years before the spin-off and 5 years after the spin-off as many as 40 quarterly financial reports. Methods of data collection using documentation study methods, literature studies and web searching. The analysis technique used is descriptive statistics, normality test and hypothesis testing using paired sample t-test. The results showed that based on the CR (Current Ratio) variable, there were differences in the financial performance of PT. Mitra Adiperkasa Tbk before and after the spin-off. Meanwhile, the ROA (Return On Assets), DAR (Debt to Asset Ratio) and TATO (Total Asset Turnover) variables show that there is no difference in the financial performance of PT. Mitra Adiperkasa Tbk before and after the spin-off.
THE EFFECT OF ECONOMIC VALUE ADDED (EVA) AND MARKET VALUE ADDED (MVA) ON STOCK RETURN IN PHARMACEUTICAL COMPANIES LISTED ON THE IDX PERIOD 2017-2020 MEYDA AYU
MANKEU (JURNAL MANAJEMEN KEUANGAN) Vol. 1 No. 1 (2023): MANKEU (JURNAL MANAJEMEN KEUANGAN)
Publisher : Indragiri Research Center (ingreat)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61167/mnk.v1i1.6

Abstract

This study aims to determine the effect of Economic Value Added (EVA) and Market Value Added (MVA) on Stock Returns in Pharmaceutical Companies Listed on the IDX for the 2017-2020 period. The population in this study are pharmaceutical companies listed on the IDX in 2017-2020. Sampling using Purposive Sampling method. The samples consisted of 11 companies from 12 pharmaceutical companies listed on the IDX for 2017-2020, so that the research data analyzed consisted of 44 samples. Economic Value Added (EVA) and Market Value Added (MVA) as independent variables and Stock Return as the dependent variable. Data analysis used was SPSS V23. Data collection techniques were carried out by documentation studies, literature studies, and web searching. As for data management techniques using descriptive statistical analysis, classical assumption test, multiple linear regression analysis and hypothesis testing. Based on the results of data analysis using the coefficient of determination test (R2) the results of 23.0% Economic Value Added (EVA) and Market Value Added (EVA) jointly affect stock returns, while the remaining 77.0% is influenced by other variables not examined in this study. From the results of the multiple linear regression test, the results of the study obtained the regression equation Y = (-6.646) + (-0.017) X1 + 0,597 X2 + e , based on the results of the t (partial) test shows that partially Economic Value Added (EVA) has no significant effect on Stock Returns with a sig value of 0.935 > 0.05 and Market Value Added (MVA) partially has a significant effect on Stock Returns with a value sig 0.006 <0.05. From the F test (Simultaneous) obtained Fcount 4.489 > Ftable 3.30 with a sig level of 0.020 <0.05 indicating that Economic Value Added (EVA) and Market Value Added (EVA) together have an effect on Stock Returns.
THE EFFECT OF EARNING PER SHARE (EPS), NET PROFIT MARGIN (NPM) AND RETURN ON ASSET (ROA) ON STOCK PRICE IN BANKING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FOR THE 2018-2020 PERIOD RISMA RISMA
MANKEU (JURNAL MANAJEMEN KEUANGAN) Vol. 1 No. 1 (2023): MANKEU (JURNAL MANAJEMEN KEUANGAN)
Publisher : Indragiri Research Center (ingreat)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61167/mnk.v1i1.7

Abstract

This study aims to determine the effect of Earning Per Share, Net Profit Margin and Return On Assets on Stock Prices in Banking Companies Listed on the Indonesia Stock Exchange for the 2018-2020 period. This research was conducted at banking companies listed on the Indonesia Stock Exchange, totaling 46 companies and taking samples using a purposive sampling technique, which met the criteria of 42 companies. Methods of data collection using the method of documentation, literature and the internet. The data analysis used was SPSS V23, while the data management was the classical assumption test, multiple linear regression analysis and hypothesis testing. From the results of research using the coefficient of determination test (R2) obtained a yield of 76.3%. Earning Per Share, Net Profit Margin and Return On Assetsjointly affect the stock price, while the remaining 23.7% is influenced by other variables not examined in this study. From the results of the multiple linear regression test results obtained the regression equation Y = (182.534) + (5.667) X1+ (0,881) X2+ (0,780) X3, based on the results of the t (partial) test for the Earning Per Share variable has tcount>ttable or 7,218 > 2,00324 then H0 rejected and Ha accepted so it can be concluded that Earning Per Share has a significant effect on Stock Price, Net Profit Margin has tcount<ttableor 0.535 < 2.00324 then H0 accepted and Ha rejected so it can be concluded thatNet Profit Margin no significant effect on the stock price, andReturns On Assethave tcount>ttableor 2,416 > 2,00324 then H0 rejected and Ha accepted so it can be concluded thatReturn On Asset positive and significant effect on stock prices. And from the F test (simultaneous)Earning Per Share, Net Profit Margin dan Return On AssetFcount>Ftableor 60.019 > 2.54 so it can be concluded, simultaneously has a positive and significant influence on stock pricesBanking Companies Registered On The Indonesia Stock Exchange 2018-2020 Period
THE INFLUENCE OF RETURN ON ASSET (ROA), NET PROFIT MARGIN (NPM), AND EARNINGS PER SHARE (EPS) ON STOCK PRICE IN BANKING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE Suriansyah Suriansyah
MANKEU (JURNAL MANAJEMEN KEUANGAN) Vol. 1 No. 1 (2023): MANKEU (JURNAL MANAJEMEN KEUANGAN)
Publisher : Indragiri Research Center (ingreat)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61167/mnk.v1i1.8

Abstract

This study aims to determine the effect of variablesReturn On Asset (LONG),Net Profit Margin (NPM), andEarning Per Share (EPS) on share prices in banking companies listed on the Indonesia Stock Exchange for the 2018-2020 period. Data analysis techniques in this study used multiple linear regression analysis, classical assumption test, t test (partial), F test (simultaneous) and coefficient of determination test. Data processing in this study uses the SPSS V23 program. The results of this study indicate that the variable Return On Assets (ROA) has no significant effect on stock prices. Net Profit Margin (NPM) has no significant effect on stock prices. Earning Per Share (EPS) has a significant and influential effect on share prices in banking companies listed on the Indonesia Stock Exchange for the 2018-2020 period. While simultaneously known thatReturn On Asset (LONG),Net Profit Margin (NPM), andEarning Per Share (EPS) has a significant influence on the stock prices of banking companies on the Indonesia Stock Exchange for the 2018-2020 period.
THE EFFECT OF SOLVENCY, COMPANY SIZE AND ACTIVITY ON PROFIT GROWTH IN MINING COMPANIES THAT ARE LISTED ON THE INDONESIA STOCK EXCHANGE FOR 2017-2021 PERIOD RIA FEBRINA
MANKEU (JURNAL MANAJEMEN KEUANGAN) Vol. 1 No. 1 (2023): MANKEU (JURNAL MANAJEMEN KEUANGAN)
Publisher : Indragiri Research Center (ingreat)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61167/mnk.v1i1.9

Abstract

This study aims to determine and obtain empirical evidence of the effect of solvency, company size and activity on profit growth in mining companies listed on the Indonesia Stock Exchange for the period 2017-2021. This research method uses a quantitative approach. The data collection technique is a questionnaire. The sample in this study used purposive sampling, namely 60 samples. The results of this study indicate that partially the solvency variable has no effect on earnings growth. The company size variable has no effect on earnings growth. Activity variables have no effect on earnings growth. Simultaneously solvency, company size and activity have no effect on earnings growth
COMPARISON ANALYSIS OF THE CAPITAL STRUCTURE POLICIES OF FDI AND PMDN MANUFACTURING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FOR THE 2018-2021 PERIOD NURAZIZAH NURAZIZAH; AGUS MAULANA
MANKEU (JURNAL MANAJEMEN KEUANGAN) Vol. 1 No. 2 (2023): MANKEU (JURNAL MANAJEMEN KEUANGAN)
Publisher : Indragiri Research Center (ingreat)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61167/mnk.v1i2.12

Abstract

This research done on the objects of PMA and PMDN manufacturing companies listed on the IDX. Made as decision-making regarding company risk and a consideration for investors in determining investment decisions. The population and sample used in this research are 20 manufacturing companies selected using purposive sampling, consisting of 10 PMA manufacturing companies and 10 PMDN manufacturing companies for the 2018-2021 period. The data was processed with the help of Microsoft Excel and then tested with the Independent Sample T-test via SPSS 23. The results showed that there was a significant difference between the Capital Structure of PMA and PMDN manufacturing companies as seen from the average DER results for PMA companies of 0.99 and PMDN companies 0.53 and the results of the Independent Sample T-test sig (2 Tailed) 0.000 are smaller than 0.05.
ANALYSIS DU PONT SYSTEM IN MEASURING COMPANY FINANCIAL PERFORMANCE (CASE STUDY OF TELECOMMUNICATION COMPANIES LISTED ON THE IDX IN 2016-2021) AYU LESTARI; MUHAMMAD FAUZAN
MANKEU (JURNAL MANAJEMEN KEUANGAN) Vol. 1 No. 2 (2023): MANKEU (JURNAL MANAJEMEN KEUANGAN)
Publisher : Indragiri Research Center (ingreat)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61167/mnk.v1i2.38

Abstract

This research was conducted to measure the financial performance of telecommunications companies listed on the Indonesia Stock Exchange. The purpose of this study is to find out and analyze the financial performance of telecommunication companies listed on the IDX in 2016-2021 using the method Dupont system. Research population conducted by researchers are 6 companies in the field of telecommunications. The sample of this research using purposive sampling method is 5 telecommunication companies with 6 years period. The data analysis used in this study used a descriptive method with a quantitative approach and to measure financial performance in this study the test tool used was analysisDupont system using industry averagesNet Profit Margin (NPM), Total Asset Turnover (TATO) and Return On Investment (ROI) (Du Pont) throughout the period of the company as a comparison of performance in each company. The results of the study show that the financial performance of telecommunications companies listed on the Indonesia Stock Exchange is calculated using Dupont system yet good, with valueReturn On Investment (ROI) (Du Pont) decrease. This is due to a decrease in value Net Profit Margin (NPM) andTotal Assets Turnover (TATO) in every company. Of the five companies studied, namely PT Bakrie Telekom Tbk, PT Indosat Tbk, PT Smartfren Tbk, PT XL Axiata Tbk, and PT Telekomunikasi Indonesia Tbk, the ROI value (Du Pont) only PT.XL Axiata Tbk whose financial performance is quite good because of the ROI value (Du Pont) has a dominant value above the company's industry average. PT.XL Axiata Tbk is included in the company whose financial performance is in good criteria.
PREDICTION OF BANKRUPTCY LEVELS USING THE ALTMAN Z-SCORE METHOD IN BANKING COMPANIES ON THE INDONESIA STOCK EXCHANGE FOR THE 2018-2021 PERIOD sari wahyuni
MANKEU (JURNAL MANAJEMEN KEUANGAN) Vol. 1 No. 2 (2023): MANKEU (JURNAL MANAJEMEN KEUANGAN)
Publisher : Indragiri Research Center (ingreat)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61167/mnk.v1i2.39

Abstract

This research was conducted at banking companies listed on the Indonesia Stock Exchange from 2018 to 2021 with the aim of knowing the condition of the company using the modified almant z-score method. The population in this study is 45 companies but only 5 companies that meet the sample criteria. This type of research is descriptive with a quantitative approach. The type of data used is quantitative data and qualitative data, while the data source used in this study uses secondary data in the form of financial reports for the last 4 years. The variables used in this research are Working Capital to total Assets (X1), Retained Earning to Total Assets (X2), Earning Before Interest Taxes to Total Assets (X3), and Market value of Equity to Book Value of Liabilities (X4). This research data analysis uses the almant z-score method as a tool to predict corporate bankruptcy. The results of this study indicate that from 2018 to 2021 there is one banking company that is in an unhealthy condition or is included in the bankrupt company category, namely Bank Mega tbk (MEGA) with an average value of -3.32. And there are four companies that are not bankrupt or in good health, including Bank Negara Indonesia (persero) tbk (BBNI) with an average Z-Score of 4.49, Bank Bukopin tbk (BBKP) with an average Z-Score of 4.57, Bank Mandiri (persero) tbk (BMRI) with an average Z-score of 4.38, and Bank Rakyat Indonesia tbk (BBRI) with an average Z-Score of 4.62 .

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