Jul 2026· Jurnal Ilmiah Manajemen dan Akuntansi· Vol 3, pp. 82-94· 0 citations
Abstract
This study aims to analyze the influence of independent commissioners, institutional ownership, and profitability on stock prices in banking companies listed on the Indonesia Stock Exchange for the 2022–2025 period. This study uses a quantitative approach with secondary data obtained from company annual reports and stock price data. The research sample was determined using a purposive sampling method. Data analysis was performed using multiple linear regression using SPSS version 27 software, which includes descriptive statistical analysis, classical assumption tests, coefficient of determination tests, F tests, and t tests. The results show that, partially, independent commissioners have a negative and significant effect on stock prices, while institutional ownership and profitability have a positive and significant effect on stock prices. Simultaneously, independent commissioners, institutional ownership, and profitability have a significant effect on stock prices in banking companies listed on the Indonesia Stock Exchange.
This study aims to analyze the effect of independent commissioners, audit committees, and institutional ownership on stock returns of companies listed on the Indonesia Stock Exchange during the 2021–2024 period. The background of this research is based on the importance of implementing good corporate governance in enhancing investor confidence and capital market performance, particularly in the context of post-pandemic market dynamics characterized by economic uncertainty and stock price volatility. This study employs a quantitative approach to examine the causal relationship between independent and dependent variables in an objective, systematic, and measurable manner. The data used in this study are secondary data obtained from companies’ financial statements and other relevant officially published sources. The analytical method applied is panel data regression using EViews software, preceded by model selection tests and classical assumption tests to ensure the validity and reliability of the results. The findings indicate that, partially, independent commissioners and institutional ownership do not have a significant effect on stock returns. In contrast, the audit committee shows a significant effect, indicating that the effectiveness of the monitoring function is able to enhance investor confidence in the company.These findings suggest that not all corporate governance mechanisms have a direct impact on stock return movements in the capital market. Therefore, it can be concluded that the audit committee is a key factor influencing stock returns, while independent commissioners and institutional ownership have not demonstrated a significant effect. This study is expected to contribute to companies in improving governance effectiveness and to serve as a reference for investors in evaluating the quality of internal control. Furthermore, future research is recommended to extend the observation period, include additional financial control variables such as ROA, ROE, and dividend policy, and consider external factors such as macroeconomic conditions to obtain more comprehensive and generalizable results.
Pengaruh Komisaris Independen, Komite Audit, Dan Kepemilikan et al.· Jurnal Akuntansi Keuangan da...· 0 citations
This study analyzes the effect of inflation, interest rates, and the rupiah exchange rate on stock returns of banking companies listed on the Indonesia Stock Exchange (IDX) during 2020–2024. This research employed a quantitative approach with a causal design. The sample was selected using purposive sampling, resulting in 31 companies with 155 observations. Secondary data were obtained from financial statements, the Indonesia Stock Exchange, Bank Indonesia, and Statistics Indonesia, and analyzed using multiple linear regression with SPSS. The results show that inflation and the rupiah exchange rate have a significant negative effect on stock returns, while interest rates have a significant positive effect. Simultaneously, all variables significantly affect stock returns, with an Adjusted R Square of 0.568. These findings emphasize the importance of macroeconomic indicators in investment decisions and banking sector strategies.
This study is motivated by the observed decline in average share prices among healthcare sector companies listed on the Indonesia Stock Exchange between 2020 and 2024, indicating an overall weakening of firm value. The research aims to examine and analyze the extent to which profitability, firm size, leverage, and insider ownership influence firm value, with dividend policy serving as a moderating variable. A quantitative approach is employed, grounded in Signaling Theory and Agency Theory. The sample was selected using purposive sampling, resulting in eight healthcare sector companies and a total of 40 observation units. Data were sourced from the companies' annual financial reports and analyzed using panel data regression with the Fixed Effect Model (FEM) approach, utilizing EViews software. The findings reveal that profitability has a positive and significant effect on firm value, whereas firm size and leverage do not show a significant influence. Conversely, insider ownership is found to have a negative effect on firm value. While dividend policy does not moderate the relationships between profitability, firm size, or leverage and firm value, it is shown to strengthen the influence of insider ownership on firm value. An Adjusted R-Squared coefficient of 87.9% indicates that the developed model possesses high explanatory power regarding the variation in firm value.
This study aims to analyze the effect of audit quality and company characteristics on the practice of income smoothing in manufacturing companies listed on the Indonesia Stock Exchange during the 2022–2024 period. The independent variables in this study consist of audit quality, company size, profitability, leverage, and company age, while the dependent variable is income smoothing measured using the Eckel Index. This study employs a quantitative approach with a causal associative research method. The data used are secondary data in the form of annual financial statements obtained from the official website of the Indonesia Stock Exchange. The sampling technique used was purposive sampling, resulting in 84 companies with a total of 252 observation data. Data analysis was conducted using multiple linear regression through descriptive statistical tests, classical assumption tests, t-tests, F-tests, and the coefficient of determination. The results show that audit quality, company size, profitability, leverage, and company age do not have a significant effect on the practice of income smoothing, either simultaneously or partially. The F-test significance value of 0.457 indicates that all independent variables collectively are unable to explain variations in income smoothing. In addition, the low coefficient of determination indicates that income smoothing practices are influenced by other factors outside the research model. The classical assumption tests demonstrate that the regression model fulfills the assumptions of normality and is free from multicollinearity, heteroscedasticity, and autocorrelation problems.
This study aims to examine and analyze the influence of tax planning, capital structure, and profitability on firm value in the food and beverage subsector listed on the Indonesia Stock Exchange (IDX) for the 2021–2025 period. The food and beverage industry represents a key manufacturing pillar required to continuously optimize operational efficiency and financial decisions to maximize shareholder value. This study adopts a quantitative approach using secondary data extracted from companies' annual financial reports. A purposive sampling technique was used to select a representative sample over the five-year observation period. The analytical method employed is panel data regression analysis. The results indicate that tax planning, proxied by the effective tax rate, has a negative but insignificant effect on firm value. Capital structure, proxied by the debt-to-equity ratio (DER), has a significant positive effect on firm value, suggesting that leveraging within a reasonable threshold delivers a positive signal to the market regarding corporate expansion capacity. Meanwhile, profitability, proxied by the return on assets (ROA), has a strong significant positive effect on firm value, demonstrating that profitability is the primary fundamental driver valued by investors assessing the prospects of food and beverage firms.
Kamelia Putri, Uswatun Khasanah, Maidani Maidani et al.· Jurnal Rimba Riset Ilmu mana...· 0 citations
This study aims to examine the effects of capital structure, dividend policy, and profitability on firm value, as well as to investigate the moderating role of institutional ownership in energy sector companies listed on the Indonesia Stock Exchange during the 2019–2024 period. This research employed a quantitative approach using secondary data obtained from companies' annual reports and financial statements. The sample was selected using purposive sampling, resulting in 50 companies observed over a six-year period. Data were analyzed using panel data regression with the FEM and robust standard errors estimated through EViews 13. The findings indicate that capital structure and profitability have a positive and significant effect on firm value, while dividend policy has no significant effect. Institutional ownership does not moderate the relationship between capital structure and firm value or between dividend policy and firm value; however, it significantly strengthens the effect of profitability on firm value. These findings suggest that, in the capital-intensive energy sector, firm value is driven more by effective financing decisions and the company's ability to generate profits than by dividend distribution policies. This study implies that energy companies should optimize their capital structure, improve profitability, and strengthen institutional monitoring to enhance firm value.
