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PENGARUH STRUKTUR MODAL, PROFITABILITAS, DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN DENGAN HARGA SAHAM SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN SEKTOR FARMASI YANG TERDAFTAR DI BEI PADA TAHUN 2019-2022 Syarifuddin, Moh; Pramitasari, Triska Dewi; Subaida, Ida
Jurnal Mahasiswa Entrepreneurship (JME) Vol 3 No 3 (2024): MARET 2024
Publisher : Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36841/jme.v3i3.4848

Abstract

The aim of the research is to analyze and test the influence of capital structure, profitability and company size on company value through share prices. The populations in this study are pharmaceutical sector companies listed on the IDX in 2019-2022. The sampling technique used is non-probability sampling using purposive sampling technique. The data analysis and hypothesis testing in this research used the Structural Equation Model - Partial Least Square (PLS-SEM). The results of direct hypothesis testing show that capital structure has no significant effect on stock prices, the profitability has a significant effect on stock prices, the company size has no significant effect on stock prices, the capital structure has no significant effect on company value, the profitability has no significant effect on company value, and the company size has significant effect on company value. The results of the indirect influence hypothesis test show that capital structure has no significant effect on company value through share prices, the profitability has no significant effect on company value through share prices, and the company size has no significant effect on company value through share prices..
PENGARUH STRUKTUR KEPEMILIKAN, LIKUIDITAS DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN UTANG SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN MANUFAKTUR SUB SEKTOR TEKSTIL DAN GARMEN PERIODE 2022-2024 Jama, Felensia Jati Ata; Pramitasari, Triska Dewi; Sari, Lita Permata
Jurnal Mahasiswa Entrepreneurship (JME) Vol 4 No 3 (2025): MARET 2025
Publisher : Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36841/jme.v4i3.6666

Abstract

The purpose of this study is to determine the effect of ownership, liquidity, and profitability structure on company value with debt policy as an intervening variable in manufacturing companies in the textile sub-sector and garment for the 2022-2024 period. The population in this study was all manufacturing companies in the textile and garment sub-sector for 2022-2024 in 25 companies. The sampling technique in this study used purposive sampling so that eleven samples were obtained for data analysis. Data Analysis and Hypothesis Testing used the Partial Least Squares-Structural Equation Modeling (PLS-SEM). The results of the hypothesis test of the direct effect using the Smart PLS 3.0 application show that the structure of ownership has a negative but not significant effect on debt policy, liquidity has a significant negative effect on debt policy, profitability has a positive but not significant effect on debt policy, ownership structure has a positive but not significant effect on company value, liquidity has a significant positive effect on company value, profitability has a negative but not significant effect on company value, debt policy has a positive but not significant effect on company value. The results of the hypothesis test of the influence did not directly show that the structure of ownership had a negative but not significant effect on the company’s value through debt policy, liquidity had a negative but not significant effect on the value of the company through debt policy, profitability had a positive but not significant effect on the company’s value through debt policy.
ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN PADA PERUSAHAAN LQ45 DI BURSA EFEK INDONESIA DENGAN KEBIJAKAN HUTANG SEBAGAI VARIABEL INTERVEINING TAHUN 2019-2021 Fitriya, Heni; Karnadi, Karnadi; Pramitasari, Triska Dewi
Jurnal Mahasiswa Entrepreneurship (JME) Vol 2 No 10 (2023): OKTOBER 2023
Publisher : Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36841/jme.v2i10.3638

Abstract

The aim of this research is to determine the influence of Ownership Structure and Dividend Policy on Company Value with Debt Policy as an intervening variable in LQ45 companies on the Indonesia Stock Exchange for the 2019-2021 period. The population of this research is all 45 LQ45 companies registered on the IDX. The sampling technique in the research used purposive sampling so that 10 data analysis samples were obtained. Data analysis and hypothesis testing in this research used the Smart PLS 3.0 application. The results of this research indicate that Ownership Structure and Dividend Policy have a significant negative effect on Debt Policy, Ownership Structure does not have a significant effect on Company Value. Ownership Structure and Debt Policy have a significant negative effect on Company Value, and Dividend Policy has a significant positive effect on Company Value. Ownership Structure and Dividend Policy do not have a significant effect on Company Value through Debt Policy.
LEVERAGE DAN PROFITABILITAS DALAM MEMPENGARUHI HARGA SAHAM PADA PERUSAHAAN HEALTHCARE YANG TERDAFTAR DI BURSA EFEK INDONESIA PADA PERIODE 2019-2022 DENGAN MODERASI VARIABEL KEBIJAKAN DIVIDEN Labiba, Ines; Subaida, Ida; Pramitasari, Triska Dewi
Jurnal Mahasiswa Entrepreneurship (JME) Vol 3 No 4 (2024): APRIL 2024
Publisher : Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36841/jme.v3i4.4913

Abstract

This research is motivated by the unstable economic conditions due to the impact of Covid-19. The Covid-19 pandemic has increased enormous economic uncertainty. This is the main cause of the decline in investor confidence which gives an impact on the fall in the volume of investments. This uncertainty and decline in confidence affects the profits of most corporate sectors in the Indonesia Stock Exchange. In contrast to other sectors, health products from Healthcare companies are much needed by the society. Whether companies in the Healthcare sector also experience the same thing as companies in other sectors which endure a decline in share prices and investment levels while the level of consumption of health products is increasing. The aim of this research is to examine the effect of leverage and profitability on share prices with dividend policy as a moderating variable. The population in this study are Healthcare companies listed on the Indonesia Stock Exchange for 2019-2022 period. The sampling technique was determined by purposive sampling. Data analysis and hypothesis testing in this research used the structural equation modeling- Smart Partial Least Square (SmartPLS). The results of hypothesis testing using SmartPLS 3.0 showed that leverage had a significant positive effect on share prices, profitability had a significant positive effect on share prices, dividend policy strengthened the influence of leverage on share prices and dividend policy weakened the influence of profitability on share prices.
MODERASI EARNING PER SHARE DALAM MEMENGARUHI DEBT TO EQUITY RATIO DAN PRICE TO BOOK VALUE TERHADAP HARGA SAHAM PADA PERUSAHAAN PROPERTY DAN REAL ESTATE DI BEI TAHUN 2022 -2023 Imania, Shofiatul; Wahyuni, Ika; Pramitasari, Triska Dewi
Jurnal Mahasiswa Entrepreneurship (JME) Vol 4 No 4 (2025): APRIL 2025
Publisher : Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36841/jme.v4i4.6528

Abstract

Financial management has a significant role in creating company value, especially in the property and real estate sector, which is known for its high asset value. This study aims to analyze the effect of Debt to Equity Ratio (DER) and Price to Book Value (PBV) on the stock price of property and real estate companies listed on the Indonesia Stock Exchange, and test the moderating role of Earning Per Share (EPS) in the relationship between the two financial ratios. The population in this study involved all property and real estate companies listed on the Indonesian Stock Exchange. Samples were taken using a purposive sampling based on specific criteria during the research period. Data analysis was carried out with a Structural Equation Modeling approach based on Partial Least Square (PLS-SEM) using Smart PLS 3. 0 software. The results of the hypothesis analysis show that both the debt-to-equity ratio (DER) and price-to-book value (PBV) significantly and positively affect stock prices. However, earnings per share (EPS) have not been proven to moderate the relationship between debt-to-equity ratio and stock price. On the other hand, Earnings Per Share is a significant amplifier of the positive relationship between Price to Book Value and Stock price.
KUALITAS PELAYANAN, HARGA DAN CITA RASA DALAM MENINGKATKAN KEPUASAN KONSUMEN MELALUI KEPUTUSAN PEMBELIAN SEBAGAI VARIABEL INTERVENING PADA WARUNG RAWON DAN SOTO BANYUWANGI DI KELURAHAN KOTAKULON, BONDOWOSO Septianingrum, Nurul Aini; Tulhusnah, Lusiana; Pramitasari, Triska Dewi
Jurnal Mahasiswa Entrepreneurship (JME) Vol 4 No 5 (2025): Mei 2025
Publisher : Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36841/jme.v4i5.6775

Abstract

Competition in the culinary sector is becoming increasingly intense, including in areas such as Bondowoso. Traditional food stalls like Rawon and Soto Banyuwangi play an important role in attracting customers through their distinctive taste and local cultural uniqueness. This study aims to analyze the influence of service quality, price, and taste on customer satisfaction, both directly and indirectly through purchase decision as an intervening variable. The sampling technique was conducted through questionnaire distribution. Data analysis and hypothesis testing in this study used the Structural Equation Model – Partial Least Square (PLS-SEM) approach. The results of the direct effect hypothesis test using SmartPLS 3.2.8 application show that service quality has a significant positive effect on purchase decision, price has a significant positive effect on purchase decision, while taste has a positive but not significant effect on purchase decision. Furthermore, service quality has a positive but not significant effect on customer satisfaction, price has a positive but not significant effect on customer satisfaction, and taste has a negative and not significant effect on customer satisfaction. Meanwhile, purchase decision has a significant positive effect on customer satisfaction. The results of the indirect effect hypothesis testing indicate that service quality has a significant positive effect on purchase decision through customer satisfaction, price also has a significant positive effect on purchase decision through customer satisfaction, while taste has a positive but not significant effect on purchase decision through customer satisfaction.
DEBT TO EQUITY RATIO, CASH RATIO, TOTAL ASSET TURNOVER DALAM MEMPENGARUHI RETURN ON ASSETS SERTA DAMPAKNYA BAGI NILAI PERUSAHAAN MAKANAN DAN MINUMAN TBK DI BEI TAHUN 2020-2023 Wahyuni, Ayu Sri; Pramitasari, Triska Dewi; Nanggala, Ardhya Yudistira Adi
Jurnal Mahasiswa Entrepreneurship (JME) Vol 4 No 5 (2025): Mei 2025
Publisher : Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36841/jme.v4i5.6993

Abstract

This study aims to analyze the effect of the debt to equity ratio, cash ratio, and total asset turnover on return on assets and their impact on the value of food and beverage companies listed on the Indonesia Stock Exchange (IDX) in 2020–2023. The research method used is a quantitative approach. The sampling technique employed was purposive sampling, resulting in nine companies selected as samples out of a total population of twentysix. The data used are secondary data in the form of annual financial reports published on the official website www.idx.co.id. Data analysis was conducted using the Partial Least Squares (PLS) analysis technique with SmartPLS version 3.0 software. Based on the PLS test, the results show that the debt to equity ratio has a negative and insignificant effect on return on assets; the cash ratio has a positive and insignificant effect on return on assets; and the total asset turnover has a negative and insignificant effect on return on assets. The debt to equity ratio has a negative and insignificant effect on firm value. the cash ratio has a negative and insignificant effect on firm value. The total asset turnover has a positive and significant effect on firm value. Return on Assets has a positive and insignificant effect on firm value. The debt to equity ratio has a positive and insignificant effect on firm value through return on assets. The cash ratio has a negative and insignificant effect on firm value through return on assets. The total asset turnover has a negative and insignificant effect on firm value through return on assets.
PENGARUH MODAL KERJA, PROFITABILITAS, DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN DENGAN HARGA SAHAM SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN PERTAMBANGAN SUBSEKTOR BATU BARA TAHUN 2022-2024 Wafiqoh, Qurratu A’yuni; Pramitasari, Triska Dewi; Widaninggar, Nanda
Jurnal Mahasiswa Entrepreneurship (JME) Vol 4 No 3 (2025): MARET 2025
Publisher : Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36841/jme.v4i3.6669

Abstract

The coal subsector within the mining industry represents a strategic sector that plays a vital role in energy provision and significantly contributes to the national economy. This study analyzes and examines the effects of working capital, profitability, and liquidity on firm value, with stock price as an intervening variable, in coal subsector mining companies listed on the Indonesia Stock Exchange (IDX) from 2022 to 2024. This research adopts a quantitative method employing Structural Equation Modeling (SEM) based on Partial Least Squares (PLS), utilizing Smart PLS 3.0 software. The sample comprises 12 companies selected through purposive sampling, resulting in 36 observational data points. Data were collected from the companies’ annual financial reports, which are available on the official IDX website. The findings reveal that working capital, profitability, and liquidity do not significantly affect stock price. Profitability has a positive and significant effect on firm value, whereas liquidity has a negative and significant effect on firm value. Working capital, stock price, and their indirect effects through stock price do not significantly affect firm value. Therefore, the stock price does not function effectively as a mediating variable in the relationship between the independent variables and firm value in the coal subsector.
PENGARUH KUALITAS PELAYANAN, LOKASI DAN HARGA DALAM MENENTUKAN KEPUASAN KONSUMEN DENGAN MINAT BELI SEBAGAI VARIABEL INTERVENING PADA RUMAH MAKAN BIRU DAUN KABUPATEN SITUBONDO Zuhdi, Farhan Tri Nanda; Pramitasari, Triska Dewi; Praja, Yudha
Jurnal Mahasiswa Entrepreneurship (JME) Vol 4 No 5 (2025): Mei 2025
Publisher : Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36841/jme.v4i5.6996

Abstract

In an ever-evolving and competitive business world, companies must adapt by changing their approach to serving customers, facing competitors, and launching products. This study aims to determine the influence of Service Quality, Location, and Price on Consumer Satisfaction, with Purchase Intention as an Intervening Variable at Biru Daun Restaurant in Situbondo Regency. The sampling technique used in this study was simple random sampling, with 96 consumers as respondents. Data analysis and hypothesis testing used Partial Least Squares-Structural Equation Modeling (PLS-SEM). The hypothesis test results using the Smart PLS 3.0 application show that service quality positively and significantly affects purchase intention. Location has a positive but insignificant effect on purchase intention. Price has a positive and significant effect on purchase intention. Service quality has a positive but insignificant effect on customer satisfaction. Location has a positive but insignificant effect on customer satisfaction. Price has a positive and significant effect on customer satisfaction. Purchase intention has a positive and significant effect on customer satisfaction. Product quality has a positive but insignificant effect on customer satisfaction through purchase intention. Location has a positive but insignificant effect on customer satisfaction through purchase intention. Price has a positive and significant effect on customer satisfaction through purchase intention.
UKURAN PERUSAHAAN MODAL KERJA DAN LEVERAGE TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN SUB SEKTOR MAKANAN DAN MINUMAN YANG TERDAFTAR DI BEI PERIODE 2022-2023 Radja, Asmirayanti Ina; Pramitasari, Triska Dewi; Subaida, Ida
Jurnal Mahasiswa Entrepreneurship (JME) Vol 4 No 4 (2025): APRIL 2025
Publisher : Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36841/jme.v4i4.6720

Abstract

The purpose of this study is to determine the effect of the Company Size Working Capital and Leverage on the Company Value with Profitability as an Intervening Variable in Food and Beverage Sub-Sector Companies registered on the IDX for the period 2022-2023. The population in this study was all food and beverage manufacturing companies registered on the IDX for the period 2022-2023, totaling 23 companies. The sampling technique was determined using purposive sampling so that 15 samples were obtained which would be used for data analysis. The data analysis and hypothesis testing in this study used the Structural Equation Model - Partial Least Square (PLS-SEM). The results of the direct influence hypothesis test using the PLS 3.0 application, showed that the Company Size has a significant negative effect on Profitability, the Working Capital has a negative but insignificant effect on Profitability, the Leverage has a negative but insignificant effect on Profitability, the Company Size has a significant negative effect on Company Value, the Working Capital has a positive but insignificant effect on Company Value, the Leverage has a negative but insignificant effect on Company Value, the Profitability has a significant negative effect on Company Value. The results of the indirect influence test showed that the Company Size has a significant positive effect on Company Value through Profitability, the Working Capital has a positive but insignificant effect on Company Value through Profitability, and the Leverage has a positive but insignificant effect on Company Value through Profitability.
Co-Authors Ach. Syamsul Hadi Akmaris, Corintania Byand alif farhan romadhani An am, Lutfi Chairul Anggara, Awangga Leo Aniatun, Novita Aprilia, Ila Aulia Apriliyanti, Yunita Indri Ardhya Yudistira Adi Nanggala Arifah, Khoiratin Ariyantiningsih, Febri Azizah, Mega Nur Bulu, Darius Cahyo, Alex Septian Tri Damayanti, Dini Aura Deigo Oktaviano Dewi, Rana Hariantika Deyantoro Safian Dinta Carissa Raniah Dwi Perwitasari Wiryaningtyas Dwi Perwitasari Wiryaningtyas, Dwi Perwitasari Dwi Pratiwi Ersatul Ibad Faridatul Umay Lira Fatimah, Ratna Dwi Fitriya, Heni Friyan Hidayah Gita Eka Febryana Hadi Paramu Heliyana, Eni Ika WAHYUNI Ika Wahyuni Imania, Shofiatul Indriani, Ila Iqbal, Zainul Isti Fadah Izan Maulana Jama, Felensia Jati Ata Janah, Arita Fitriatul Kamiliya, Kamiliya Khusnul Hotimah Labiba, Fikriatul Labiba, Ines Lailatul Fitri Lestari, Ayu Tri Lita Permata Sari Lita Permata Sari Luluk Anggraini Lusiana Tulhusnah Maghfiroh, Shofiyatul Mahila, Laely Septy Izza Mansur, Mohammad Sahel Maulani, Mildatul Maulida, Yuni Astri Ayu Maylah, Maylah Meilinda, Silvi Minullah, Minullah Mohammad Yahya Arief Muhammad Iqbal Anshory Mujiono, Bagas Azrul Musleha, Ummi Rohmatil Nanda Widaninggar, Nanda Nazilatul Rizqiyana Ningrum, Fitria Puspa Novia Susanti Nur Fitri Nurobikhainih, Mariasri Oktaviyanti, Yeni Perwitasari W., Dwi Pramesthi, Riska Ayu Putri, Arinda Sinta Putri, Resy Selviana Retno Qomariyah, Badriyatul Qur’ani, Ribby Mufidah Radja, Asmirayanti Ina Raharjo, Stiyo Pamungkas Rahman, Alrival Zainur Rahmania, Wasilatul Rahmawati, Eka Ayu Ralda Cigra Novantri Randika Fandiyanto Ratnaning Tyasasih Ratnaning Tyasasih Riko Ramdani Rindayani, Rindayani Riska Ayu Pramesthi Riza Rachman Rohmatillah, Nia Nur Romlani, Ucik Sakdiyah, Wardatus Salsabila, Nindya Sari, Rini Kartika Septianingrum, Nurul Aini Sholehah, Dhaimatus Sintia, Siti Amina Ratna Siti Fatiatur Rohma Siti Maisaroh Soeliha, Siti Suci Faradila Sunarwati, Eli Sururi, Fairira Anindia Suryanti, Desy Syarifuddin, Moh Vantovi, Ciko Legi Venolika, Nadila Putri Ayu Wafiqoh, Qurratu A’yuni Wahyuni, Ayu Sri Widayanti, Dwi Widiyanto, Ahmad Irfan Y.a, Rosalina Yanti, Anggi Putri Dwi Yudha Praja Yudha Praja, Yudha Yunika, Devita Tri Zuhdi, Farhan Tri Nanda