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The Role of Profitability in Mediating the Relationship Between Liquidity on Stock Prices for the Period 2013-2022 Putra, Rizal Pradana; Mahmudi, Bambang; Suryani, Emma
Indonesian Journal of Innovation Multidisipliner Research Vol. 2 No. 3 (2024): September
Publisher : Institute of Advanced Knowledge and Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69693/ijim.v2i3.198

Abstract

This study explores how the Net Profit Margin (NPM) acts as an intermediary in the connection between the Current Ratio (CR) and stock returns for companies included in the LQ45 Index over the period from 2013 to 2022. The study population includes all companies within the LQ45 Index, which totals 45 firms. The LQ45 Index features a group of companies with the highest liquidity in their stock performance on the Indonesia Stock Exchange (IDX). To be included, companies must have significant market capitalization, impressive stock performance over time, and strong financial health. Consequently, the LQ45 Index is highly favored by investors. Using Purposive Sampling, the sample is limited to companies that have been continuously listed on the LQ45 Index throughout the 10-year span and have the requisite data, leading to a selection of 19 companies. Analytical methods employed include Descriptive Statistical Analysis, Multiple Linear Regression, Path Analysis, and the Sobel Test, with IBM SPSS25 used for data analysis. In this research, the Current Ratio (CR) serves as the independent variable, Stock Return is the dependent variable, and the Net Profit Margin (NPM) acts as the mediating variable. Findings reveal that the Current Ratio does not significantly impact Stock Return, the Net Profit Margin has a positive and significant effect on Stock Return, the Current Ratio negatively and significantly affects the Net Profit Margin, and the Net Profit Margin fully and significantly mediates the impact of the Current Ratio on Stock Return.
PENDAMPINGAN CALON WIRAUSAHA MIKRO KECIL PADA UPT PEMBERDAYAAN EKONOMI MASYARAKAT (PEM) KOTA CILEGON Fitriyani, Fara; Suryani, Emma
Jurnal Pengabdian Dinamika Vol 3, No 1 (2016)
Publisher : Universitas Sultan Ageng Tirtayasa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62870/dinamika.v3i1.8862

Abstract

The purpose of this study was to provide assistance to small micro business in improving the economy. Through small micro business expected community can have a business that can improve the economic welfare. This study is intended for potential micro entrepreneurs in Citangkil Cilegon City. Problems in program of small micro business is socialization one district one billion Government of Cilegon deemed lacking by most prospective small micro entrepreneurship, the intensity level of mentoring, training, apprenticeship and management consulting low and the level of business growth remained because their lack of knowledge about marketing strategies, business development and / or products.With the help of small micro-entrepreneurs to potential candidates expected the partners got a target in terms of both management and access to capital. Prospective small micro entrepreneurs in need of help both in training, internship, management consulting and marketing.
Profitability, Leverage, Firm Value through Dividend Policy (Empirical Study on Coal and Lignite Mining Sub-Sector Companies on the IDX 2017-2022) Suryani, Emma; Sanusi, Fauji; Sunenti, Sunenti
Journal of Applied Business, Taxation and Economics Research Vol. 4 No. 2 (2024): December 2024
Publisher : PT. EQUATOR SINAR AKADEMIA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54408/jabter.v4i2.383

Abstract

This study examines the influence of profitability and leverage on firm value as mediated by dividend policy. The research employs quantitative approaches, examining comparative cause-and-effect links utilizing secondary data from each company's financial records, obtained from either the company's official website or the IDX. This study used a non-probability, purposive sampling technique in coal and lignite subsector companies listed on the IDX from 2017 to 2022, using complete financial data. The research data is panel data examined using Eviews 12 with the subsequent steps of analysis: descriptive statistics, regression model estimation, classical assumptions, panel data regression, and path analysis using the sobel test. The analysis suggests that profitability and leverage have a significant positive effect on firm value, dividend policy has no effect on firm value, profitability has no influence on dividend policy, and leverage increases dividend policy. Consequently, dividend policy cannot mediate the effect of profitability but can mediate the effect of leverage on firm value.
The Effect of Liquidity on Capital Structure with Company Size as a Moderating Variable Mediated by Profitability: Pengaruh Likuiditas Terhadap Struktur Modal Dengan Ukuran Perusahaan sebagai Variabel Moderasi yang Dimediasi oleh Profitabilitas Monica, Olivia; Ichwanudin, Wawan; Suryani, Emma
Indonesian Journal of Innovation Multidisipliner Research Vol. 2 No. 4 (2024): December
Publisher : Institute of Advanced Knowledge and Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69693/ijim.v2i4.210

Abstract

This study aims to examine and analyze the effect of liquidity on capital structure, with firm size as a moderating variable and profitability as a mediating variable, conducted on companies listed in the IDX Growth 30 during the 2020-2022 period. The data used in this study are secondary data, and the sampling technique is purposive sampling. The data sources for this research come from the Indonesia Stock Exchange and the official websites of the listed companies. The results of the study show that liquidity has a negative and significant effect on capital structure, liquidity has a positive and significant effect on profitability, profitability has a negative and significant effect on capital structure, profitability is able to mediate the relationship between liquidity and capital structure, firm size is able to moderate the relationship between liquidity and capital structure, firm size is able to moderate the relationship between profitability and capital structure, and liquidity affects capital structure mediated by profitability and moderated by firm size simultaneously.
Profitability’s Effect on IDX30 Firm Value: The Role of Capital Structure and Firm Size Benteng, Ahmad Dika Cavalera Putra; Ichwanudin, Wawan; Suryani, Emma
Indonesian Journal of Innovation Multidisipliner Research Vol. 2 No. 4 (2024): December
Publisher : Institute of Advanced Knowledge and Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69693/ijim.v2i4.212

Abstract

This study investigates the impact of profitability on firm value, with capital structure serving as a mediating variable and firm size as a moderating variable, focusing on companies listed on the Indonesia Stock Exchange's IDX30 index from 2018 to 2022. A quantitative approach is employed to examine the causal relationships, utilizing secondary data from the financial statements of each company, which were sourced from the firms' official websites or the IDX website. A non-probability sampling method was used to select the companies from the IDX30 index during the specified period. The analysis was conducted using panel data, with descriptive statistics and conditional process Hayes analysis performed through SPSS25 and the Hayes Process. The results reveal that profitability has a positive and significant effect on firm value, while also demonstrating a negative and significant impact on capital structure. Furthermore, capital structure positively influences firm value and mediates the relationship between profitability and firm value. Additionally, firm size moderates the effect of profitability on firm value and the impact of capital structure on firm value. These findings provide insights into the interconnected roles of profitability, capital structure, and firm size in determining firm value among IDX30 index listed companies.
The Effect of Training and Non-Physical Work Environment on Employee Performance with Job Satisfaction as an Intervening Variable Sadewo, Muhammad Bagus; Prahiawan, Wawan; Suryani, Emma
Indonesian Journal of Innovation Multidisipliner Research Vol. 3 No. 1 (2025): March
Publisher : Institute of Advanced Knowledge and Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69693/ijim.v3i1.346

Abstract

This study aims to determine the extent of influence of Training and Non-Physical Work Environment on Employee Performance and the role of Job Satisfaction as a mediating variable at Cileungsi Regional General Hospital, Bogor Regency. The research method used is a quantitative method with the population used being all nurses at Cileungsi Regional General Hospital totaling 215 people, with a sample size of 100 people. Sampling using the saturated sample method. Data collection techniques used are observation, interviews and questionnaires. The data obtained in this study were through respondents, sources, and literature studies. The data analysis method used is PLS (Smart Partial Least Square). The results of this study indicate that: Training has a negative and insignificant effect on Employee Performance. Non-Physical Work Environment has a positive and significant effect on Employee Performance. Training has a positive and significant effect on Job Satisfaction. Non-Physical Work Environment has a positive and significant effect on Job Satisfaction. (5) Job Satisfaction has a positive and significant effect on Employee Performance. Job Satisfaction is able to mediate the relationship between Training and Employee Performance. Job Satisfaction is able to mediate the relationship between Non-Physical Work Environment and Employee Performance.
Pengaruh Profitabilitas dan Likuiditas Terhadap Nilai Perusahaan dengan Struktur Modal Sebagai Variabel Intervening Ainatunnadillah, Ningtias; Akhmadi, Akhmadi; Suryani, Emma
RIGGS: Journal of Artificial Intelligence and Digital Business Vol. 4 No. 2 (2025): Mei - Juli
Publisher : Prodi Bisnis Digital Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/riggs.v4i2.834

Abstract

Penelitian ini bertujuan menguji dan menganalisis pengaruh profitabilitas dan likuiditas terhadap nilai perusahaan dengan struktur modal sebagai variabel intervening pada perusahaan yang terdaftar dalam Indeks SMInfra18 di Bursa Efek Indonesia periode 2018-2023. Variabel yang diteliti meliputi profitabilitas yang diproksikan dengan Net Profit Margin (NPM), likuiditas dengan Current Ratio (CR), struktur modal dengan Long-term Debt to Equity Ratio (LTDER), dan nilai perusahaan dengan Tobin’s Q. Metode purposive sampling digunakan untuk memperoleh sebelas perusahaan sebagai sampel dengan total 66 data observasi. Analisis data dilakukan menggunakan IBM SPSS Statistics 23. Hasil penelitian menunjukkan bahwa profitabilitas dan likuiditas berpengaruh positif dan signifikan terhadap nilai perusahaan. Profitabilitas dan likuiditas berpengaruh negatif dan signifikan terhadap struktur modal. Struktur modal tidak mampu memediasi pengaruh profitabilitas terhadap nilai perusahaan, namun mampu memediasi pengaruh likuiditas terhadap nilai perusahaan.
The Impact of Leverage on Firm Value By Mediation of Profitability (Case Study of Consumer Non-Cyclical Companies Listed on the Indonesia Stock Exchange for the 2014-2023 Period) VIKI, Muhamad; MAHMUDI , Bambang; SURYANI, Emma
Journal of Governance, Taxation and Auditing Vol. 3 No. 3 (2025): Journal of Governance, Taxation and Auditing (January - March 2025)
Publisher : PT Keberlanjutan Strategis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38142/jogta.v4i1.1496

Abstract

This study aims to examine the effect of leverage on firm value using profitability as an intervening variable. In this study, firm value is measured by price-book value, leverage is measured by debt-equity ratio, and profitability is measured by return on assets. The population in this study is non-cyclical consumer sector companies listed on the Indonesia Stock Exchange (IDX) for the 2014-2023 period, with a purposive sampling technique. The analytical methods used are the classical assumption test, partial test (t-test), path analysis, Sobel test and data testing was carried out using SPSS 23 software. The results of the hypothesis test, path analysis, and Sobel test indicate that: 1) Leverage has a negative effect on firm value. 2) Leverage has a negative effect on profitability. 3) Profitability has a positive effect on firm value. 4) Profitability is unable to mediate the effect of leverage on firm value. This research shows that signaling theory does not fully explain the relationship between leverage, profitability, and firm value in the non-cyclical consumer sector.
The Mediating Effect of Profitability on the Influence of Capital Structure on Firm Value (An Empirical Study on Technology Sector Companies Listed on the Indonesia Stock Exchange for the 2015-2023 Period) GEA, Albrianco Charisma; MAHMUDI, Bambang; SURYANI, Emma
Journal of Governance, Taxation and Auditing Vol. 4 No. 2 (2025): Journal of Governance, Taxation and Auditing (October - December 2025) - In Pre
Publisher : PT Keberlanjutan Strategis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38142/jogta.v4i2.1528

Abstract

This research investigates the impact of capital structure on firm value, with profitability serving as a mediating variable, focusing on technology sector firms listed on the Indonesia Stock Exchange between 2015 and 2023. The variables in this study are operationalized using specific indicators: firm value is assessed through the Price to Book Value (PBV), capital structure is measured by the Debt to Equity Ratio (DER), and profitability is represented by Return on Equity (ROE). The study population consists of all technology sector firms listed on the IDX during the stated period, selected using purposive sampling. Data analysis involves descriptive statistics, classical assumption testing, hypothesis testing (t-test), path analysis, and the Sobel test for mediation. The results demonstrate that while capital structure does not exert a direct effect on firm value, it has a significant and favorable influence on profitability. Profitability, in turn, contributes positively to firm value. Additionally, profitability acts as a key intermediary, bridging the relationship between capital structure and firm value.
PENGARUH PROFITABILITAS TERHADAP HARGA SAHAM DENGAN STRUKTUR MODAL SEBAGAI VARIABEL INTERVENING DAN UKURAN PERUSAHAAN SEBAGAI VARIABEL KONTROL Ichwanudin, Wawan; Istiqomah, Atika Rizki; Suryani, Emma
Jurnal Manajemen Sinergi Vol 11, No 2 (2023): JURNAL MANAJEMEN SINERGI (EDISI OKTOBER)
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Khairun

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33387/jms.v11i2.7151

Abstract

ABSTRACTObjective: This study was conducted to evaluate the effect of profitability (ROA) on stock prices, considering capital structure (DER) as an intervening variable and company size as a control variable.Methodology: The sample in this study is a company incorporated in LQ45 on the Indonesia Stock Exchange which has complete data for the period 2018-2022. The data analysis method used is Path Analysis using the SPSS 20.0 program.Finding: The first, second, third, and fourth (H) hypotheses were accepted because the t statistic value was greater than t table, and the p value was smaller than alpha 0.05.Conclusion: The results indicate that ROA has a significant positive effect on stock prices. However, ROA has no significant effect on capital structure (DER), while DER has a significant negative effect on stock price. These results indicate that DER is unable to mediate the relationship between ROA and stock price. Firm size can serve as a control variable in the effect of profitability on stock price. This study shows important findings, that signaling theory can be confirmed where the profitability ratio is a positive signal for investors. However, it does not support the packing order theory because the capital structure is not influenced by profitability, so the capital structure does not mediate profitability on stock price.