cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
Perdana Wahyu Santosa
Contact Email
pwsantosa@gmail.com
Phone
+6281188809646
Journal Mail Official
info-rfb@sanscientific.com
Editorial Address
SAN Scientific Office 3 Point Building, 4th Floor, Jl. Tebet Raya No. 90, Jakarta Selatan, DKI Jakarta, Indonesia 12820
Location
Kota adm. jakarta selatan,
Dki jakarta
INDONESIA
Research of Finance and Banking
Published by Santoso Academy Network
ISSN : 2987288X     EISSN : 29872871     DOI : https://doi.org/10.58777/rfb
Core Subject : Economy,
Economics, Econometrics & Finance
The Research of Finance and Banking RFB is an open access and peer review journal that publishes theoretical and empirical research articles, review papers, and case studies on all major financial and banking topics. The journals mission is to offer a forum for growing scholarly research on corporate finance, banking, financial institutions, and the money and capital markets in which they operate. The Journal emphasizes theoretical advancements and their application, empirical, practical, and policy oriented research in finance and banking and other local and international financial institutions and markets.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 10 Documents
 1 
The Effect of Leverage, Market Value, and Profitability on Share Prices Mutia Karima; Muhammad Ghazali
Research of Finance and Banking Vol. 1 No. 1 (2023): April 2023
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rfb.v1i1.31

Abstract

This study analyzes the effect of leverage, market value, and profitability on share prices. This study used a sample of food and beverage industry companies on the Indonesia Stock Exchange (IDX) for the 2019-2021 period. The sampling technique in this study was purposive sampling using 12 companies. The method used in this study is quantitative and uses financial statements data. The research model is multiple linear regression using the SPSS version 25 application. The results of this study are partial. Namely, the DER, PBV, PER, and ROA variables do not affect stock prices. Simultaneously all variables, namely DER, PBV, PER, and ROA, do not affect stock prices. This research is expected not to pay attention to the amount of profit the company alone without knowing the profit capability to generate cash for the company because it is only an illustration of the company's performance in the short term. In addition, investors also need to pay attention to the performance of the company's organizational governance tools to obtain better corporate action information in making investment decisions
Analysis of the Impact of Acquisition on Firm Financial Performance Latri Nurjanah; Tettet Fijrijanti
Research of Finance and Banking Vol. 1 No. 1 (2023): April 2023
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rfb.v1i1.32

Abstract

This study aims to prove that firms carry out an acquisition strategy intending to obtain additional funds to achieve better firm synergy and encourage increased firm performance. This study uses a comparative research method. The research sample comprised 18 manufacturing firms that made acquisitions between 2008 and 2020. The analytical tools used were the paired sample t-test and the Wilcoxon signed rating test. The research results show that return on equity (ROE)manufacturing firms have a significant difference before and after the acquisition. Moreover, there is no significant difference in the current ratio, asset turnover ratio, debt to equity ratio, and price book value ratio of manufacturing firms before and after the acquisition. In contrast, the ratio of return on equity of manufacturing firms has a significant difference between before and after the acquisition. This study's results indicate that the acquisitions made by firms do not make a significant difference to manufacturing firms
The Influence of Sustainability Report, Intellectual Capital, Liquidity, and Firm Size on Firm Value Shifa Nur Fadillah; Irvan Noormansyah
Research of Finance and Banking Vol. 1 No. 1 (2023): April 2023
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rfb.v1i1.33

Abstract

This study aims to determine the effect of the Sustainability Report (SR), Intellectual Capital, Liquidity, and Firm Size on Firm Value in manufacturing firms listed on the Indonesia Stock Exchange (IDX). This study uses a quantitative methodology and a multiple linear regression data analysis method to analyze the quantitative data. Manufacturing businesses listed on the Indonesia Stock Exchange between 2017 and 2021 comprise the study's population. The purposive sampling method was used to select the sample of 11 manufacturing firms and gave the study a total of 55 observations. The information used in this study is secondary. The methodology for gathering data uses a literature review on the official IDX website (www.idx.co.id). The results of this study prove that (1) the Sustainability Report negatively affects firm value, (2) Intellectual Capital does not affect firm value, (3) Liquidity has no effect on firm value, and (4) Firm size has no effect on firm value.
The Effect of Profitability and Leverage on Firm Value with Firm Size as a Moderating Variable Ida Veronika Panjaitan; Diana Supriyati
Research of Finance and Banking Vol. 1 No. 1 (2023): April 2023
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rfb.v1i1.34

Abstract

This study aims to empirically prove and test the effect of profitability and leverage on firm value, with firm size as a moderating variable in food and beverage companies listed on the Indonesia Stock Exchange (IDX) 2019-2021. This quantitative study uses a purposive sampling method with a sample of 23 firms. The data used in this research is secondary data. The results of this study indicate that (1) Profitability negatively affects firm value. (2) Leverage has a positive effect on firm value. (3) With moderation, firm size can moderate profitability with a positive relationship (strengthen) to firm value. (4) Firm size can moderate the relationship of negative (weakened) leverage to firm value. The implications of this study for a firm to consider the factors of firm size, leverage, and profitability, and can be used as a reference by other companies in business strategy, understand aspects of the industry they are in, and pay more attention to environmental developments that can affect the firm's business so that it can increase firm value.
The Influence of Corporate Social Responsibility on Financial Performance with Good Corporate Governance as Moderating Variable Narwastu Narwastu; Devvy Rusli
Research of Finance and Banking Vol. 1 No. 1 (2023): April 2023
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rfb.v1i1.35

Abstract

This study aims to determine the effect of Corporate Social Responsibility on financial performance moderated by Good Corporate Governance in construction and building sub-sector companies listed on the Indonesia Stock Exchange for the 2019-2021 period. The quantitative methodology was used in this study. Construction and building companies listed on the Indonesia Stock Exchange for 2019 through 2021 comprise this study's population. Purposive sampling was used for the study's sampling, which produced  final sample of 13 businesses. The information used in this study is secondary data. The results of this study indicate that: (1) economic dimension information has a significant positive effect on financial performance, (2) environmental dimension information has significant negative effect on financial performance, (3) social dimension information has  insignificant negative effect on financial performance, (4) GCG can moderate the relationship of information on the environmental dimension to financial performance (5) GCG cannot moderate the relationship between information on the economic dimension and information on the social dimension on financial performance. In increasing firm value, research implications for companies should always be consistent in disclosing CSR information and the implementation of GCG to avoid problems that can lower the image company in the eyes of investors and the public.
The Effect of Good Corporate Governance on Financial Distress Fadila Angraini
Research of Finance and Banking Vol. 1 No. 2 (2023): October 2023
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rfb.v1i2.116

Abstract

This research aims to examine the influence of Good Corporate Governance as proxied by the Board of Directors, Independent Commissioners, Audit Committee, and Institutional Ownership on Financial Distress partially or simultaneously. The research method used is quantitative and uses secondary data, namely service companies, one of which is the transportation sector listed on the Indonesia Stock Exchange. The sample used was 7 issuers, and the results were obtained using a purposive sampling method. The analytical method used is multiple linear regression analysis techniques with Spss Version 25 software. This research shows that overall, the size of the Board of Directors, Independent Commissioners, Audit Committee, and Institutional Ownership variables partially or simultaneously influence Financial Distress. This research can guide companies to understand the importance of mitigating financial risks by implementing strong GCG principles. It can include debt management, monitoring financial policies, and making wise investment decisions. The implications of this research can guide investors and creditors in assessing the risks and return potential associated with well-managed companies in terms of governance. The implication is that external stakeholders can use this information to support their investment decisions.
Comparative Analysis of Financial Performance before And during Covid-19 Pandemic Muthia Astuti; Zainal Zawir Simon
Research of Finance and Banking Vol. 1 No. 2 (2023): October 2023
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rfb.v1i2.131

Abstract

This study assesses the financial performance of technology sector firms listed on the IDX by utilizing various financial ratios, including Return on Assets, Total Assets Turnover, Current Ratio, Debt to Equity Ratio, and Sales Growth. The study employs a quantitative approach with multiple regression analysis, and the research relies on secondary data gathered from financial reports spanning from the third quarter of 2018 to the second quarter of 2021. The sample selection method employed purposive sampling, resulting in a sample size of nine companies. The normality of the data was assessed using the Kolmogorov-Smirnov method, revealing a non-normal distribution. As a result, the non-parametric Wilcoxon Signed Rank test was applied. The findings indicate significant disparities in the financial performance of technology sector companies listed on the IDX before and during the Covid-19 pandemic, particularly in metrics such as Total Assets Turnover, Current Ratio, Debt to Equity Ratio, and Sales Growth. However, the Return on Assets variable did not significantly differ before and during the Covid-19 pandemic. These insights can be valuable for stakeholders such as investors, creditors, and regulators in comprehending the associated risks and potential impacts when considering investment or extending credit to these entities
Do Environmental Management Systems, Environmental Performance, and Firm Size Influence Greenhouse Gas Emission Disclosures? Neng Elga Wulansari; Nurlaila Maysaroh Chairunnisa; Neneng Lasmita Susanti
Research of Finance and Banking Vol. 1 No. 2 (2023): October 2023
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rfb.v1i2.136

Abstract

This study aims to investigate whether the variables related to environmental management systems, environmental performance, and company size impact the reporting of greenhouse gas emissions. This research adopts a quantitative approach, utilizing secondary data from annual and sustainability reports selected through purposive sampling. Information was gathered from official company websites and the Indonesian Stock Exchange (BEI). The study encompasses 68 samples from an unbalanced panel data set of 28 companies from 2019 to 2021. The analytical methodology employed in this research involves panel data regression analysis. The results indicate that environmental management system variables and company size do not significantly influence greenhouse gas emission disclosures. However, it was observed that company size does have a notable positive effect on reporting greenhouse gas emissions. These findings offer valuable insights for governments and other institutions aiming to enhance environmental policies and foster improved greenhouse gas emission transparency within the industrial sector.
Comparing Black-Scholes and GARCH Models in Long Strangle Option Strategies for LQ45 Index Riko Hendrawan; Abdul Safar
Research of Finance and Banking Vol. 1 No. 2 (2023): October 2023
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rfb.v1i2.137

Abstract

This study compared the Black-Scholes and GARCH models in a long strangle strategy applied to the LQ45 index using closing price data from 1998 to 2021. It aimed to assess the benefits, calculate returns during crises and non-crisis periods, and evaluate performance through Average Mean Square Error (AMSE). The Black-Scholes model consistently outperformed GARCH in one- and three-month options. One-month options had an average return of 28.64%, and three-month options, 43.31%. In crises, Black-Scholes delivered average profits of 43.36% for one-month and 45.14% for three-month options. In non-crisis conditions, profits averaged 26% for one-month and 42.84% for three-month options. Model performance varied by option type and market context. Black-Scholes excelled in one-month call options (1.268% error), while GARCH performed better in one-month put options (1.0981% error). For three-month options, GARCH outperformed in call options (1.270% error), and Black-Scholes dominated put options (3.117% error). In summary, the choice between models should consider market conditions, favoring GARCH during crises and Black-Scholes in non-crisis scenarios.
Examining Stock Return Drivers in Garment and Textile Firms on the Indonesia Stock Exchange Pardomuan Sihombing; Cyndi Loisa Melitana; Dinda Oktavia
Research of Finance and Banking Vol. 1 No. 2 (2023): October 2023
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rfb.v1i2.140

Abstract

The problem of this research was entering the era “New Normal” has become an opportunity for economic players to invest in the capital market. Due to the unstable economic conditions, Therefore, investors need to conduct fundamental analysis in macro and micro economics so that their investments can obtain high stock returns the objective of this research was analysis of Factors Affecting Stock Returns with Firm Sizeas Moderating Variable in the Garment and Textile Industry Listed on the Indonesia Stock Exchange (IDX) 2016-2020. The methodology of this research was the collection of data using the scondary data by annual report firm Garment and Tekstil in BEI. The samples used in research as many as 16 firm with technique purposive sampling. The results of the study showed that there is no effect significant of ROE, DER, DER onstock returns. There is a significant negative effect of Interest Rates and Firm Size on stock returns. Variable Firm Size was also not proven to play a moderating role in the influence of ROE, DER, and CR, but Firm Size was able to significantly moderatinge the effect of interest rates on stock returns of garment and textile companies 2016-2020.

Page 1 of 1 | Total Record : 10

 1 

Filter by Year

2023 2023


Reset
Filter By Issues
All Issue Vol. 1 No. 2 (2023): October 2023 Vol. 1 No. 1 (2023): April 2023