Indonesian Journal of Business Analytics

The Effect of Return on Assets, Current Ratio, Debt to Equity, and Net Profit Margin on the Share Prices of Non-Cyclicals consumer goods Companies Listed on the Bei During the 2021-2023 Period

2026-05-08T02:24:13+00:00

Changes in the Stock Price are not only a reflection of the , but also the result of a complex interaction of various internal and external factors that affect investors' perception of the Company's prospects. Internally, economic key figures such as profitability (net profit margin), liquidity (current ratio), asset utilization (return on assets), and financing structure (debt ratio) provide essential information about the stability of the business and the ability to generate profits. This study uses a quantitative approach with secondary data. A multiple linear regression analysis was used to examine the data. According to the study results, the ROA variable significantly influences the cost of shares. in contrast to CR, DER, NPM has no effect on stock prices. This shows that investors should be able to consider other factors as the basis for stock investment. These findings indicate that the company should improve its economic performance in order to attract capital investors in the financial market. The actual consequence is hat the company has the ability to manage resources effectively to generate profits. maximum return and thus strengthen investors' confidence.

Company Capability as a Driver of Corporate Sustainability Performance in the Submarine Cable Ecosystem in Indonesia

2026-05-25T05:20:10+00:00

This study aims to test and analyze the influence of company capability on corporate sustainability performance in the submarine cable industry in Indonesia. The study uses a quantitative approach with the Partial Least Squares Structural Equation Modeling (PLS-SEM) analysis method. The research population is 27 companies operating in the submarine cable industry in Indonesia. The results of this study show the significant role of company capability in driving corporate sustainability performance in the submarine cable ecosystem in Indonesia. Technological capability is a dimension that plays a dominant role in strengthening company capability in supporting the achievement of corporate sustainability performance. The results of this study provide a theoretical contribution by integrating RBV and dynamic capability in the framework of the submarine cable industry in Indonesia. The managerial implication for corporate management in the submarine cable ecosystem in Indonesia, is the need for strategic investment in technology capabilities.

The Impact of Divestment and Acquisition on Company Performance

2026-06-15T01:52:30+00:00

Most companies in Indonesia restructured their portfolios in 1997 during the economic crisis, but the results were mixed after restructuring their portfolios. After the economic crisis, portfolio restructuring in the form of divestments and acquisitions in Indonesia continues with mixed results, as well as the results of divestment research and acquisitions are still diverse and not conclusive. In developing countries, especially in Indonesia, there have not been many research results on divestment and acquisition with moderated company size. The study examined the effect of divestment, acquisition and company size as moderation variables on a company's performance. A total of 54 issuers are listed in the IDX 2011 - 2019 which conducts divestments and acquisitions. The study used multiple regression analysis and moderation regression analysis (MRA) which that explains the relationship 2 independent variables. Divestment and acquisitions on the research proven to have an impact on firm performance and firm size as a moderating variable proved to be able to moderate the impact of the divestment of the firm performance but not proven to be able to moderate the impact of acquisitions on firm performance Expected results of this research are beneficial to the development of the theory of portfolio restructuring, beneficial for executives, managers, business analysts, and investors to determine the priority of the type of restructuring the portfolio to improve the performance of the company