Pub Date : 2023-08-19DOI: 10.33059/jseb.v14i3.6843
Kartika Rohana
The study aims to analyze the effect of financial performance on stock prices. Financial performance is described through five financial ratios as independent variables, namely current ratio, debt equity ratio, return on assets, return on equity and asset turnover, with stock price as the dependent variable. 436 manufacturing companies listed on the Indonesia Stock Exchange (IDX) were used as a sample, which is the 2019-2020 research year (the period before and during the pandemic). Data analysis using multiple linear regression. The results showed the current ratio and return on assets have an effect on stock prices. In addition, in separate tests based on periods, only current ratio had a negative effect on the pre-pandemic period, and return on assets had a positive effect during the pandemic on stock prices. These findings contribute empirically by adding to the literature regarding financial ratios that affect stock prices before and during a pandemic.
{"title":"Financial Performance and Share Price: Evidence from Manufacturing Firms Before and During the Covid-19 Pandemic","authors":"Kartika Rohana","doi":"10.33059/jseb.v14i3.6843","DOIUrl":"https://doi.org/10.33059/jseb.v14i3.6843","url":null,"abstract":"The study aims to analyze the effect of financial performance on stock prices. Financial performance is described through five financial ratios as independent variables, namely current ratio, debt equity ratio, return on assets, return on equity and asset turnover, with stock price as the dependent variable. 436 manufacturing companies listed on the Indonesia Stock Exchange (IDX) were used as a sample, which is the 2019-2020 research year (the period before and during the pandemic). Data analysis using multiple linear regression. The results showed the current ratio and return on assets have an effect on stock prices. In addition, in separate tests based on periods, only current ratio had a negative effect on the pre-pandemic period, and return on assets had a positive effect during the pandemic on stock prices. These findings contribute empirically by adding to the literature regarding financial ratios that affect stock prices before and during a pandemic.","PeriodicalId":500129,"journal":{"name":"Samudra Ekonomi dan Bisnis","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-08-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135969215","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-19DOI: 10.33059/jseb.v14i3.3494
Alfazrin Nst, Musannip Efendi Siregar, Pitriyani Pitriyani
The study aims to analyze the effect of entrepreneurial orientation on competitive advantage and the performance of SMEs. This research was conducted on clothing retail store owners in the Labuhanbatu Regency area. The sample used was 130 respondents using non-probability methods in the form of incidental and purposive sampling. In this study using normality test techniques and path analysis with the help of the Amos software application. The results of this study found that entrepreneurial orientation proved to have a positive and significant effect on competitive advantage; entrepreneurial orientation is proven to have a positive and significant effect on the performance of MSMEs; as well as, competitive advantage has proven to have a positive and significant effect on performance of MSME.
{"title":"Orientasi Kewirausahaan terhadap Keunggulan Bersaing dan Kinerja UMKM","authors":"Alfazrin Nst, Musannip Efendi Siregar, Pitriyani Pitriyani","doi":"10.33059/jseb.v14i3.3494","DOIUrl":"https://doi.org/10.33059/jseb.v14i3.3494","url":null,"abstract":"The study aims to analyze the effect of entrepreneurial orientation on competitive advantage and the performance of SMEs. This research was conducted on clothing retail store owners in the Labuhanbatu Regency area. The sample used was 130 respondents using non-probability methods in the form of incidental and purposive sampling. In this study using normality test techniques and path analysis with the help of the Amos software application. The results of this study found that entrepreneurial orientation proved to have a positive and significant effect on competitive advantage; entrepreneurial orientation is proven to have a positive and significant effect on the performance of MSMEs; as well as, competitive advantage has proven to have a positive and significant effect on performance of MSME.","PeriodicalId":500129,"journal":{"name":"Samudra Ekonomi dan Bisnis","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-08-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135969216","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-17DOI: 10.33059/jseb.v14i3.7525
Alan Sutisna, Riatu Mariatul Qibthiyyah
Indonesia has implemented the concept of community-driven development in rural areas through village funds since 2015. Village funds are one of the instruments to minimize the impact of Covid-19 in rural areas. This research was conducted to provide an overview of the impact evaluation of village funds on the economic well-being of rural communities in each household quantile. This study uses data on the characteristics of 35,759 households obtained from merging results of the March & September 2020 Susenas data with the village fund data in each district/city area. Data were analyzed using smoothed instrumental variables quantile regression, which overcame endogeneity issues and produced robust estimates. The study results show that the village fund has a positive and significant impact on the economic well-being of rural households. Still, their impact is felt more by the upper middle class and households in the Sumatra region.
{"title":"The Impact of Community-Driven Development Program on Rural Households Economic Well-being: Evidence from Village Funds","authors":"Alan Sutisna, Riatu Mariatul Qibthiyyah","doi":"10.33059/jseb.v14i3.7525","DOIUrl":"https://doi.org/10.33059/jseb.v14i3.7525","url":null,"abstract":"Indonesia has implemented the concept of community-driven development in rural areas through village funds since 2015. Village funds are one of the instruments to minimize the impact of Covid-19 in rural areas. This research was conducted to provide an overview of the impact evaluation of village funds on the economic well-being of rural communities in each household quantile. This study uses data on the characteristics of 35,759 households obtained from merging results of the March & September 2020 Susenas data with the village fund data in each district/city area. Data were analyzed using smoothed instrumental variables quantile regression, which overcame endogeneity issues and produced robust estimates. The study results show that the village fund has a positive and significant impact on the economic well-being of rural households. Still, their impact is felt more by the upper middle class and households in the Sumatra region.","PeriodicalId":500129,"journal":{"name":"Samudra Ekonomi dan Bisnis","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136338484","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-13DOI: 10.33059/jseb.v14i3.3891
Annisa Vivit Rahmadhani, Arry Widodo
The study analyzes how green brand image, green brand trust, green brand awareness and green brand satisfaction affect consumer purchase intentions for Aqua brand mineral water products in Boyolali, Central Java. This causal research uses 100 consumers as respondents. Data were collected using a questionnaire, then analyzed using multiple linear regression methods and partial and simultaneous hypothesis testing. Based on the research results obtained both partially and simultaneously, the four independent variables tested have a significant influence on the dependent variable. Based on the regression coefficient, green brand image has a dominant influence on purchase intention compared to other independent variables.
{"title":"Pengaruh Green Brand Image, Green Brand Trust, Green Brand Awareness dan Green Brand Satisfaction terhadap Purchase Intention pada Konsumen Air Mineral Merek Aqua","authors":"Annisa Vivit Rahmadhani, Arry Widodo","doi":"10.33059/jseb.v14i3.3891","DOIUrl":"https://doi.org/10.33059/jseb.v14i3.3891","url":null,"abstract":"The study analyzes how green brand image, green brand trust, green brand awareness and green brand satisfaction affect consumer purchase intentions for Aqua brand mineral water products in Boyolali, Central Java. This causal research uses 100 consumers as respondents. Data were collected using a questionnaire, then analyzed using multiple linear regression methods and partial and simultaneous hypothesis testing. Based on the research results obtained both partially and simultaneously, the four independent variables tested have a significant influence on the dependent variable. Based on the regression coefficient, green brand image has a dominant influence on purchase intention compared to other independent variables.","PeriodicalId":500129,"journal":{"name":"Samudra Ekonomi dan Bisnis","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-08-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135310303","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-09DOI: 10.33059/jseb.v14i3.7054
Wiwik Lestari
The study aims to build a new discourse on agency theory with the application of a “bisa rumangsa” culture in the implementation of corporate governance in order to achieve good corporate governance. Good corporate governance in Indonesia is hampered due to conflict of interests between managers and owners. Each of these managers and owners must understand the limitations of their rights and obligations. Understanding these limits will be born if they apply the culture of “bisa rumangsa”. This research is qualitative research with a radical humanist paradigm. The result of the research is a new concept regarding the application of agency theory by using a “bisa rumangsa” culture.
{"title":"Deconstruction of Agency Theory with “Bisa Rumangsa” Culture","authors":"Wiwik Lestari","doi":"10.33059/jseb.v14i3.7054","DOIUrl":"https://doi.org/10.33059/jseb.v14i3.7054","url":null,"abstract":"The study aims to build a new discourse on agency theory with the application of a “bisa rumangsa” culture in the implementation of corporate governance in order to achieve good corporate governance. Good corporate governance in Indonesia is hampered due to conflict of interests between managers and owners. Each of these managers and owners must understand the limitations of their rights and obligations. Understanding these limits will be born if they apply the culture of “bisa rumangsa”. This research is qualitative research with a radical humanist paradigm. The result of the research is a new concept regarding the application of agency theory by using a “bisa rumangsa” culture.","PeriodicalId":500129,"journal":{"name":"Samudra Ekonomi dan Bisnis","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135747303","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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