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Pengaruh Profitabilitas dan Ukuran Perusahaan terhadap Nilai Perusahaan melalui Struktur Modal sebagai Variabel Intervening (Studi pada Perusahaan Sub-sektor Asuransi yang Terdaftar di Bursa Efek Indonesia (BEI) Tahun 2020-2024) Putri, Melisa; ., Elfiswandi; Dewi, Rindy Citra
Journal of Business Economics and Management | E-ISSN : 3063-8968 Vol. 2 No. 3 (2026): Januari - Maret
Publisher : GLOBAL SCIENTS PUBLISHER

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Abstract

This research aims to analyze and estimate the influence of profitability and company size on company value through capital structure using a purposive sampling method with a sample of 13 companies and the analysis method used is multiple linear regression analysis and path analysis (path analysis) using SPSS 26.Based on the results of the multiple regression analysis carried out, it can be concluded that profitability partially does not have a significant effect on capital structure, company size partially does not have a significant effect on capital structure, profitability partially does not have a significant effect on company value, company size partially has a significant effect on company value and capital structure partially does not have a significant effect on company value. Based on the results of path analysis tests (path analysis), it shows that capital structure is able to mediate the relationship between the influence of profitability on company value and structure is able to mediate the relationship between the influence of company size on company value.
Pengaruh kenaikan suku bunga THE FED dan Inflasi terhadap Harga Saham pada perusahaan Perbankan dengan nilai tukar Rupiah sebagaiVariabel Intervening Alfahing, Raqil; ., Elfiswandi; Dewi, Rindy Citra
Journal of Business Economics and Management | E-ISSN : 3063-8968 Vol. 2 No. 3 (2026): Januari - Maret
Publisher : GLOBAL SCIENTS PUBLISHER

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Abstract

This study aims to examine the effect of capital structure and dividend policy on firm value with financial performance as an intervening variable in manufacturing companies in the consumer goods sector listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. The population of this study consists of manufacturing companies in the consumer goods sector listed on the Indonesia Stock Exchange for the 2020–2024 period, with the sample selected using the purposive sampling method. The data analysis methods employed in this study are multiple linear regression analysis and path analysis. The results of this study indicate that capital structure partially has a significant effect on financial performance. Dividend policy partially has a significant effect on financial performance. Capital structure and dividend policy simultaneously affect financial performance. Furthermore, financial performance partially does not have a significant effect on firm value. Capital structure partially does not have a significant effect on firm value, while dividend policy partially has a significant effect on firm value. Capital structure, dividend policy, and financial performance simultaneously affect firm value. The results of the intervening variable test show that financial performance is not able to mediate the effect of capital structure on firm value, and is also not able to mediate the effect of dividend policy on firm value in manufacturing companies in the consumer goods sector listed on the Indonesia Stock Exchange during the 2020–2024 period.
Pengaruh Earning Per Share (Eps), Return On Asset (Roa), Dan Nilai Tukar Terhadap Harga Saham Pada Perusahaan Perbankan Yang Terdaftar Di Bei Tahun 2021-2023 Rahmawinata, Ferdi; ., Elfiswandi; Dewi, Rindy Citra
Journal of Business Economics and Management | E-ISSN : 3063-8968 Vol. 2 No. 3 (2026): Januari - Maret
Publisher : GLOBAL SCIENTS PUBLISHER

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Abstract

This study aims to analyze the effect of Earnings Per Share (EPS), Return on Assets (ROA), and exchange rates on stock prices in banking companies listed on the Indonesia Stock Exchange (IDX) for the period 2021-2023. This research is quantitative. The sample was determined using a purposive sampling method to select companies that meet the research criteria. Data analysis methods used included descriptive statistical analysis, classical assumption tests, multiple linear regression analysis, and hypothesis testing. Data processing in this study used SPSS 25 software. The results indicate that EPS, ROA, and exchange rates partially significantly influence stock prices. EPS, ROA, and exchange rates simultaneously significantly influence stock prices. Based on these results, it is recommended that future researchers extend the observation period and include other variables that could potentially influence company value to obtain more comprehensive results.
Dampak Tingkat Suku Bunga Dan Inflasi Terhadap Harga Saham Melalui Keputusan Investasi Sebagai Variabel Moderasi Pada Perusahaan Sektor Properti Di Bei Periode 2020-2024 Utami, Jesica Neldi; ., Elfiswandi; Dewi, Rindy Citra
Journal of Business Economics and Management | E-ISSN : 3063-8968 Vol. 2 No. 3 (2026): Januari - Maret
Publisher : GLOBAL SCIENTS PUBLISHER

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Abstract

This study aims to examine the effect of interest rates and inflation on stock prices, with investment decisions serving as a moderating variable. The independent variables in this study are interest rates and inflation, while the dependent variable is stock prices, and the moderation variable is investment decisions. The research method used is Moderated Regression Analysis (MRA) using EViews 10 software. The results of this study indicate that interest rates have a positive and significant effect on stock prices. Inflation has a positive but insignificant effect on stock prices. The moderating effect of investment decisions on the relationship between interest rates and stock prices is positive and significant. Meanwhile, the moderating effect of investment decisions on the relationship between inflation and stock prices is positive but insignificant. This study has implications for investors in making investment decisions in the Indonesian capital market, particularly the stock market.
Efek Pemutihan Pajak Kendaraan Bermotor terhadap Penerimaan Pajak Kendaraan Bermotor Dewi, Rindy Citra; Tanno, Aries
EKOMA : Jurnal Ekonomi, Manajemen, Akuntansi Vol. 5 No. 3: Maret 2026
Publisher : CV. Ulil Albab Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/ekoma.v5i3.16024

Abstract

Penelitian ini bertujuan untuk menguji apakah terdapat perbedaan tunggakan Pajak Kendaraan Bermotor sebelum dan sesudah program pemutihan Pajak Kendaraan Bermotor dan apakah terdapat realisasi penerimaan Pajak Kendaraan Bermotor selama periode pelaksanaan program pemutihan pajak. Penelitian ini menggunakan pendekatan kuantitatif dengan metode komparatif. Analisis data dilakukan menggunakan statistik deskriptif, uji normalitas, dan uji beda (paired sample t-test). Hasil penelitian menunjukkan bahwa tidak terdapat perbedaan yang signifikan secara statistik tunggakan Pajak Kendaraan Bermotor sebelum dan sesudah pelaksanaan program pemutihan Pajak Kendaraan Bermotor. Tidak terdapat perbedaan yang signifikan secara statistik realisasi penerimaan Pajak Kendaraan Bermotor PKB selama periode pelaksanaan program pemutihan Pajak Kendaraan Bermotor
Pengaruh Fintech Pembayaran dan Literasi Keuangan terhadap Perilaku Konsumtif dengan Perilaku Pengelolaan Keuangan Pribadi sebagai Variabel Intervening pada Mahasiswa UPI YPTK Padang Fajri Rahmi; Elfiswandi Elfiswandi; Rindy Citra Dewi
ARZUSIN Vol 6 No 1 (2026): FEBRUARI
Publisher : Lembaga Yasin AlSys

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58578/arzusin.v6i1.9160

Abstract

Research on payment financial technology (fintech) and financial literacy in relation to students’ consumptive behavior has been widely conducted; however, studies that specifically examine the role of personal financial management behavior as an intervening variable in the context of UPI YPTK Padang students remain limited. This study aimed to analyze the influence of payment fintech and financial literacy on consumptive behavior, with personal financial management behavior as an intervening variable. A quantitative approach with a survey design was employed involving 100 respondents selected using proportionate stratified random sampling based on Slovin’s formula. Data were collected through questionnaires that had been tested for validity and reliability, and were then analyzed using multiple linear regression and path analysis with the assistance of SPSS. The results showed that payment fintech and financial literacy had a positive and significant effect on personal financial management behavior, and that payment fintech had a positive and significant effect on consumptive behavior. Conversely, financial literacy and personal financial management behavior did not have a significant effect on consumptive behavior, so the indirect effect through the intervening variable was also not proven to be significant. These findings enrich the literature on financial behaviour in digital transactions and suggest that universities integrate financial literacy education with the strengthening of digital spending control in order to guide students’ consumptive behavior toward more rational patterns.
Pengaruh Likuiditas Dan Struktur Modal Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Moderasi Pada Sektor Energi Yang Terdaftar Di Bursa Efek Indonesia Tahun 2020-2024 Gina Salsabilah; Zefri Yenni; Rindy Citra Dewi
Journal of Science Education and Management Business Vol. 5 No. 2 (2026): JOSEMB (Journal Of Science Education And Management Business)
Publisher : Riset Sinergi Indonesia

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Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh likuiditas dan struktur modal terhadap nilai perusahaan dengan profitabilitas sebagai variabel moderasi pada perusahaan sektor energi yang terdaftar di Bursa Efek Indonesia (BEI) periode 2020–2024. Penelitian ini menggunakan metode kuantitatif dengan pendekatan asosiatif, di mana nilai perusahaan diukur menggunakan Price to Book Value (PBV), likuiditas diukur dengan Current Ratio (CR), struktur modal diukur dengan Debt to Equity Ratio (DER), dan profitabilitas diukur dengan Return on Assets (ROA). Populasi penelitian adalah seluruh perusahaan sektor energi yang terdaftar di BEI dengan penentuan sampel menggunakan teknik purposive sampling, sedangkan analisis data dilakukan menggunakan regresi data panel. Hasil penelitian menunjukkan bahwa likuiditas berpengaruh signifikan terhadap nilai perusahaan, sedangkan struktur modal tidak berpengaruh signifikan terhadap nilai perusahaan. Selain itu, profitabilitas tidak mampu memoderasi pengaruh likuiditas maupun struktur modal terhadap nilai perusahaan. Hasil koefisien determinasi menunjukkan bahwa Likuiditas dan struktur modal mampu memberikan kontribusi dalam mempengaruhi nilai perusahaan sebesar 83,07% sedangkan 16,93% dipengaruhi oleh variable lain, Likuiditas dan struktur modal mampu memberikan kontribusi dalam mempengaruhi nilai perusahaan dengan profitabilitas sebagai moderasi sebesar 83,15% sedangkan 16,85% dipengaruhi variable lain. Hasil ini menunjukkan bahwa tingkat likuiditas menjadi faktor utama yang dipertimbangkan investor dalam menilai perusahaan sektor energi, sementara struktur modal dan profitabilitas belum memberikan pengaruh yang signifikan terhadap nilai perusahaan.