Articles

The Impact of Selected Financial Ratios on The Market Performance of Listed Companies on The Acceleration Board Indonesia Stock Exchange (Period 2020-2023)

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This research aims to analyze the impacts of selected financial ratios on the market performance of listed companies in the Acceleration Board IDX (Period 2020-2023) and find if IDX need  to add the financial requirements in IDX Listing Regulations no. I-V to increase the company’s market performance in Acceleration Board IDX. The data of selected financial ratios and market performance were collected from the publication of listed companies’ financial reports and market trading data in 2020-2023 that can be accessed publicly on IDX’s official website. The population in this research is the whole Acceleration Board listed companies that were listed in IDX from 1st January 2020 – 31st December 2023. The samples used are limited to companies listed in Acceleration Board IDX period 2020-2023. Multiple regression analysis is used in this research to examine the relationship between the dependent variable and two or more independent variables. From five independent variables, partially, only the Net Profit Margin has a significant impact on the company’s market performance (stock price). From the results of the ANOVA test, there is a simultaneous significant effect of the independent variables ROA, ROE, DER, NPM, and Cash Flow from Operation on the dependent variable Market Performance (stock price).

Determinants of Islamic Banking Going Concern: Effect of Musharakah, Murabaha, Ijara and Profitability on Non-Performing Financing

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The purposes of this research is to analyze the influence of Musharakah, Murabaha, Ijara and ROA of Non Performing Financing in Islamic Banking in simultaneous and partial . The contribution of this research is to provide feedback to banking management on the company’s policy to be taken in connection with the implementation of bad credit. This study uses the design of causality. Methods of analysis using path analysis. Population used is the Islamic Business Banking in Indonesia. Saturated sampling is the technique that is used as a sampling technique. The unit of analysis is annual financial statement. The results of this study is only partially the three variables are found to significantly affect the Non Performing Financing, they are Murabaha contract, Ijara contract, and Return on Assets. As for Musharakah contract proved to be not significantly affected. Simultaneously the results showed the fourth variable fit or match the data. The findings of this study was that going concern business of the company is very risky. The company’s core business is measured from negative ROA. This means that the company is able to extend credit, but unable to convert the financing to be an advantage. It automatically will threaten the company’s existence.