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SINYAL KEUANGAN DAN NILAI PERUSAHAAN : ANALISIS PROFITABILITAS, LEVERAGE, DAN UKURAN PERUSAHAAN SEKTOR FOOD AND BEVERAGE Wachidah Fauziyanti; Ariyani Indriastuti
JURNAL CAPITAL : Kebijakan Ekonomi, Manajemen dan Akuntansi Vol 8 No 1 (2026): jurnal capital
Publisher : Sekolah Tinggi Ilmu Ekonomi Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33747/capital.v8i1.364

Abstract

This study aims to examine the effect of profitability, leverage, and firm size on firm value in the food and beverage sector listed on the Indonesia Stock Exchange (IDX) for the 2022-204 period. By employing a purposive sampling method, a sample of 33 companies was selected, yielding a total of 99 observational data points over three years. The data analysis method used was multiple linear regression analysis processed via SPSS software. The descriptive statistical results showed an average profitability (ROA) of 0.0744, leverage (DER) of 0.3650, firm size of 22.4972, and firm value (PBV) of 0.0173. partial hypothesis testing indicated that profitability has a negative and insignificant effect on firm value. Meanwhile, leverage is proven to have a positive and significant effect on firm value. Simultaneously, these three independent variables explain 95.3% of the variation in firm value, while the remaining 4.7% is influenced by other variables outside this research model.
STRATEGIC ORIENTATION: PERSPECTIVE OF DIGITAL LEADERSHIP AND INNOVATION Wahyudi Wahyudi; Jefri Heridiansyah; Marlina Kusumawati; Sri Wiranti Setiyanti; Ariyani Indriastuti
Jurnal Education and Development Vol 14 No 2 (2026): Vol 14 No 2 Mei 2026
Publisher : Institut Pendidikan Tapanuli Selatan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37081/ed.v14i2.8039

Abstract

Recent research on leadership underscores digital leadership has a role to play in encouraging innovation within MSMEs. However, a gap persists in the previous research the presence and influence of digital leadership. To address this, our study integrates the resource-based approach and social information processing theory for explore how digital entrepreneurial orientation shapes the relationship between digital leadership and exploratory innovation. Through phased data collection from 200 employees and 20 leaders, our results indicate that (a) digital leadership positively influences exploratory innovation, and (b) digital entrepreneurial orientation serves as a mediator in this relationship. This research not only advances the field of organizational digitalization but also deepens the understanding of how digital leadership connects to exploratory innovation. The findings offer significant theoretical contributions to the field of leadership studies and practical recommendations for industry practitioners.