Hidayat Hidayat
Universitas Pasir Pengaraian, Rokan Hulu, Riau

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PENGARUH STRUKTUR MODAL TERHADAP RETURN ON EQUITY PADA PERUSAHAAN FOOD AND BEVERAGE YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2020-2024 Zaqi Maulana; Arfianti Novita Anwar; Hidayat Hidayat
Jurnal Ekonomi Bisnis Kompetif Vol 5 No 1 (2026): JURNAL BISNIS KOMPETIF (JBK) 2026
Publisher : Komunitas Manajemen Kompetitif

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35446/bisniskompetif.v5i1.2758

Abstract

This study aims to analyze the effect of capital structure on Return on Equity (ROE) in Food and Beverage companies listed on the Indonesia Stock Exchange for the 2020–2024 period. Capital structure is measured using the Debt to Asset Ratio (DAR), Debt to Equity Ratio (DER), and Long-Term Debt to Equity Ratio (LDER), while ROE is used as a profitability indicator. The study population includes all Food and Beverage companies listed during the period, using a purposive sampling technique based on certain criteria. The data used are secondary data from the company's annual financial statements. The analysis was conducted quantitatively using SmartPLS with the PLS-SEM approach to test the validity, reliability, and partial effect of independent variables on ROE. The results show that capital structure has an effect on ROE. Partially, only LDER has a significant effect on ROE, so long-term debt management is a more determining factor in influencing the level of return on equity than the overall debt structure.
ANALISIS PENGELOLAAN KAS DAN ARUS KEUANGAN PADA UMKM SEKTOR KULINER DI KECAMATAN RAMBAH HILIR (STUDI KASUS NANIN’S CAKE) Royhan Seisar; Arfianti Novita Anwar; Hidayat Hidayat
Jurnal Ekonomi Bisnis Kompetif Vol 5 No 1 (2026): JURNAL BISNIS KOMPETIF (JBK) 2026
Publisher : Komunitas Manajemen Kompetitif

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35446/bisniskompetif.v5i1.2759

Abstract

This study aims to analyze cash management and cash flow in the culinary sector of MSMEs in Rambah Hilir District, using Nanin's Cake as a case study. The main problems encountered are the lack of a structured financial recording system, the mixing of personal and business cash, and the lack of regular cash flow reports. This study uses a descriptive qualitative methodology, collecting data through documentation, interviews, and observations. The findings indicate that cash management is still carried out simply and manually, potentially causing cash flow instability, especially when there is an increase in raw material expenditure. This study recommends the implementation of more systematic financial recording, the separation of personal and business cash, and the preparation of regular cash flow reports to maintain business stability and sustainability.