Stock price fluctuations reflect changes in investor assessments regarding a company's condition and prospects. This study aims to examine the influence of independent commissioners, capital structure, and earnings per share (EPS) on the stock prices of companies listed on the LQ45 index of the Indonesia Stock Exchange during the 2020–2024 period. The study employs a quantitative approach using secondary data and purposive sampling. The sample consists of 16 companies, resulting in 80 observations. Analysis was conducted using panel data regression with the aid of EViews 13. The results indicate that independent commissioners, capital structure, and earnings per share simultaneously have a significant effect on stock prices. Individually, however, independent commissioners and capital structure do not have a significant effect on stock prices, whereas earnings per share have a positive and significant effect. These findings suggest that EPS serves as a more robust financial indicator for explaining stock price changes within the study sample. The study implies that investors should consider a company's ability to generate earnings per share when making investment decisions.
Bank profitability is influenced by internal and external conditions. This study aims to analyze the effects of Capital Adequacy Ratio (CAR), inflation, exchange rate, and problematic credit on profitability at Bank BTPN Syariah during 2021–2024, both partially and simultaneously. This study employed a quantitative approach using 16 observations analyzed through multiple linear regression with SPSS. The results show that CAR has no significant effect on profitability, with a significance value of 0.111. Inflation has a positive and significant effect on profitability, with a significance value of 0.001. The exchange rate has a negative and significant effect on profitability, with a significance value of 0.004. Meanwhile, problematic credit has no significant effect on profitability, with a significance value of 0.227. Simultaneously, CAR, inflation, exchange rate, and problematic credit have a significant effect on profitability, with a significance value of 0.000. The Adjusted R Square of 88.7% indicates that the independent variables explain 88.7% of the variation in profitability. These findings highlight the importance of considering both internal banking conditions and macroeconomic dynamics in maintaining the profitability of Bank BTPN Syariah.
This study aims to determine the effect of Tax Avoidance, Tax Risk, and Earnings Management on Cost of Debt in Consumer Non-Cyclicals sector companies listed on the Indonesia Stock Exchange (IDX) for the 2020–2025 period. The method used in this study is a quantitative method. The data used are secondary data in the form of published financial statements of Consumer Non-Cyclicals sector companies listed on the Indonesia Stock Exchange for the 2020–2025 period. The sample was collected using the purposive sampling method. The number of companies used as research samples was 13 companies, with observations conducted over 6 years from 2020 to 2025, resulting in 78 observations, of which 4 observations were excluded as outliers, leaving 74 observations as the final sample. The data analysis techniques used in this study are panel data analysis, coefficient of determination, F-test, and t-test, assisted by EViews-12 software. The results show that Tax Avoidance has a regression coefficient of (β = −0.539567) with a probability value (p = 0.0003), indicating a negative and significant effect on Cost of Debt. Tax Risk has a coefficient of (β = 0.163195) with (p = 0.3762), and Earnings Management has a coefficient of (β = 0.051421) with (p = 0.7236), indicating that both variables have no significant effect on Cost of Debt. Simultaneously, the three variables have a significant effect on Cost of Debt, with an F-statistic value of (5.572562) and (p = 0.001736).
The transition toward a green economy, the Net Zero Emission (NZE) target, and the growing market demand for legal, sustainable, and traceable wood products have encouraged Indonesia's forestry industry to develop sustainability-oriented innovations. One of these innovations is Engineered Wood Products (EWP), which utilize fast-growing timber to produce high value-added products. Although research on green entrepreneurship has expanded considerably, studies integrating green entrepreneurship, green innovation, green branding, forestry downstreaming, and the Timber Legality and Sustainability Verification System (SVLK) in the development of EWP in Indonesia remain limited. This study aims to analyze the implementation of green entrepreneurship in the development of "Kayu Pintar" as a sustainable forestry downstreaming strategy. The study employs a qualitative descriptive approach using the library research method. Data were collected from reputable scientific publications, government documents, and industry publications as implementation illustrations, and were analyzed using content analysis. The findings indicate that EWP development enhances the value of fast-growing timber, improves raw material utilization efficiency, and reduces pressure on natural forests. Furthermore, the implementation of SVLK and green branding strategies strengthens product legality, sustainability, and competitiveness. The integration of green entrepreneurship, green innovation, green branding, and SVLK contributes to improving the competitiveness and export performance of Indonesia's forestry products.
This study aims to analyze the effect of audit report lag, firm size, and leverage on going concern audit opinions among consumer cyclical companies listed on the Indonesia Stock Exchange (IDX) for the 2020–2024 period. This study employs a quantitative method with an associative approach and uses secondary data in the form of annual financial reports obtained from the official Indonesia Stock Exchange website. Data analysis was conducted using logistic regression with a panel data logit approach. The sample was determined using purposive sampling, resulting in 56 consumer cyclical companies with a total of 280 observations during the 2020–2024 period. Hypothesis testing was performed using EViews 12. The results show that the coefficients of audit report lag, firm size, and leverage are 0.005847, −0.205131, and 0.088214, respectively, with a McFadden R² of 0.121945. The results indicate that audit report lag (X1), firm size (X2), and leverage (X3) have significant effects on going concern audit opinions partially. Furthermore, audit report lag, firm size, and leverage simultaneously affect going concern audit opinions.
