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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.
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 Terhadap Nilai Perusahaan dengan Struktur Modal Sebagai Variabel Intervening dan Ukuran Perusahaan Sebagai Variabel Kontrol Bayumukti, Panji; Suryani, Emma
Management Studies and Business Journal (PRODUCTIVITY) Vol. 1 No. 5 (2024): Management Studies and Business Journal (PRODUCTIVITY)
Publisher : Penelitian dan Pengembangan Ilmu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62207/8gbq9z37

Abstract

Penelitian ini bertujuan untuk melihat bagaimana profitabilitas mempengaruhi nilai perusahaan dengan struktur modal sebagai variabel intervening dan ukuran perusahaan sebagai variabel kontrol yang dilakukan pada Perusahaan Manufaktur Sub Sektor Industri Barang Konsumsi yang terdaftar di Bursa Efek Indonesia (BEI) periode 2016-2022. Variabel profitabilitas diproyeksikan menggunakan Return of Equity (ROE), nilai perusahaan diproyeksi oleh Price Book Value (PBV), struktur modal diproyeksi oleh Debt Equity Ratio (DER), dan ukuran perusahaan diproyeksi oleh LN Total Aset. Sampel penelitian ini ditentukan berdasarkan metode purposive sampling dimana didapat 13 sampel perusahaan yang diuji menggunakan SPSS V26. Hasil penelitian menunjukkan bahwa, meskipun struktur modal berpengaruh positif terhadap nilai perusahaan dan profitabilitas, struktur modal tidak dapat mengatasi hubungan antara profitabilitas dan nilai perusahaan.
The Effect of Liquidity, Leverage, and Profitability on Financial Distress with Company Size as a Moderation Variable Hidayat, Robbi; Mahmudi, Bambang; Suryani, Emma
Innovative: Journal Of Social Science Research Vol. 4 No. 4 (2024): Innovative: Journal Of Social Science Research
Publisher : Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/innovative.v4i4.14356

Abstract

Industri otomotif merupakan salah satu sektor manufaktur terbesar yang menjadi penggerak pertumbuhan ekonomi di Indonesia. Potensi pasar yang besar dan tingginya permintaan kendaraan bermotor, didukung oleh kemampuan produksi dalam negeri, mendorong pemerintah untuk menargetkan peningkatan produksi mobil guna mendongkrak ekspor ke berbagai negara. Kondisi ini berdampak pada seluruh pelaku rantai pasok otomotif Indonesia, termasuk PT XYZ yang mengelola logistik ekspor dan impor mobil. Menyikapi perkembangan tersebut, PT XYZ berencana membangun gedung parkir bertingkat baru untuk menambah kapasitas terminalnya, yang akan dinilai kelayakannya melalui studi ini. Studi kelayakan merupakan studi pengukuran kelayakan dan profitabilitas suatu proyek bisnis. Studi kelayakan yang dirinci sebagai studi kelayakan finansial ini menggunakan Capital Budgeting Analysis sebagai metodenya. Metode ini menggunakan beberapa indikator, seperti Net Present Value, Internal Rate of Return, dan Payback Period, yang dapat diperkaya dengan metrik finansial lainnya. Analisis ini dapat memperkirakan kondisi keuangan perusahaan di masa mendatang dan risiko yang mungkin dihadapi melalui perhitungan sensitivitas. Proyek investasi pembangunan gedung baru oleh PT XYZ dinilai layak karena memperoleh Net Present Value (NPV) positif sebesar Rp136.654.040.230. Proyek ini juga memiliki internal rate of return sebesar 14%, sedikit lebih tinggi dari discount rate atau biaya modal sebesar 12,3%. Payback period yang didiskontokan juga lebih pendek dari umur ekonomis aset, yaitu 17,5 tahun. Struktur modal proyek ini dibebani biaya di awal dan dibebani pendapatan di akhir. Analisis sensitivitas menunjukkan bahwa laju alir mobil di terminal dan discount factor merupakan determinan utama perubahan NPV proyek. Sementara itu, faktor biaya yang paling mempengaruhi perubahan NPV adalah material, upah, dan tarif sewa lahan.
INVESTMENT KNOWLEDGE, MINIMUM CAPITAL, INVESTEMNT INTEREST: DOES SOCIAL MEDIA HAS MODERATING ROLE? Sanusi, Fauji; Purnama, Endah Bati; Suryani, Emma; Januarsi, Yeni
Management Science Research Journal Vol. 1 No. 4 (2022): November 2022
Publisher : PT Larva Wijaya Penerbit

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56548/msr.v1i4.51

Abstract

This study investigates how investment interest is affected by investing expertise, and the required minimum capital. We also examine the moderating effects of social media on the relationship between the three variables. We use one hundred and thirty-five students from colleges and institutions in the province of Banten as our sample by using a purposeful sample technique. Data is gathered via a questionnaire and analysed using smartPLS or partial least squares (PLS). We find that investment knowledge do not influence investment interest. However, we document that minimum capital effect the investment interest. In addition, we fail to evidence the moderating role of social media on the investment knowledge, minimum capital, and investing interest. This study implies that minimum capital play as an essential role to enhance the investment interest.
FIRM SIZE AS A CONTROL VARIABLE IN THE EFFECT OF PROFITABILITY ON STOCK PRICE WITH CAPITAL STRUCTURE AS MEDIATOR Istiqomah, Atika Rizki; Ichwanudin, Wawan; Suryani, Emma
Management Science Research Journal Vol. 2 No. 3 (2023): August 2023
Publisher : PT Larva Wijaya Penerbit

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56548/msr.v2i3.74

Abstract

Purpose: The objective of this research is to figure out the impact of profitability (X) on stock prices by using capital structure (Z) as a mediating controllable and firm size as a predictor (Y). Methodology/approach: This study's population comprised eighteen companies, and it engaged secondary data and causal associative research methods with a quantitative approach. The regression intervention data analysis technique was used the SPSS 22 software. Results/findings: According to the analyses, ROA seemed to have a positive significant impact on stock prices, whereas DER had quite a significant negative impact on stock prices.Limitations: For five years, this sample was using one sub-sector of textile and garment companies. Contribution: Investors are expected to pay focus on aspects of profit related to net profit got each period based on managerial implications. Then, investors must consider the company's debt and equity levels, because companies with high debt levels can be risky to invest in. Novelty: Even though previous researchers' study became inconstant, the authors add debt to equity ratio as a mediator factor and firm size as a control framework in this research.
THE EFFECT OF LEVERAGE ON PROFITABILITY WITH ACTIVITY RATIO AS AN INTERVENING VARIABLE IN PROPERTY AND REAL ESTATE COMPANIES LISTED ON THE IDX 2017 - 2021 PERIOD Pasya, Syafira Meilia; Mahmudi, Bambang; Suryani, Emma; Rosyid, Abdul; Mulyani, Ana Susi
Management Science Research Journal Vol. 2 No. 4 (2023): November 2023
Publisher : PT Larva Wijaya Penerbit

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56548/msr.v2i4.81

Abstract

Financial performance is an illustration of the company's success achievement can be interpreted as the results that have been achieved on various activities that have been carried out. This study aims to determine whether debt policy affects profitability with Activity Rattio as an intervening variable. The population of this study are Real Estate and Property companies listed on the Indonesia Stock Exchange for the period 2017-2021. The sampling in this study uses the Purposive Sampling method. Analysis of the data used in this research is Programming Software SPSS (Statistic Package for the social Sciens) for the windows 29 version. The results of this study indicate that (1) leverage as measured using the Debt To Asset Ratio (DAR) has no positive effect on Return On Assets (ROA); (2) leverage as measured using the Debt To Asset Ratio (DAR) has a positive effect on the activity ratio as measured using Total AIset Turnover (TATO); (3) the activity ratio as measured using Total Asset Turnover (TATO) has no positive effect on profitability as measured using Return On Assets (ROA); (4) activity risk cannot mediate the relationship between leverage and profitability in Property and Real Estate companies listed on the Indonesia Stock Exchange for the 2017-2021 period.
THE INFLUENCE OF FIRM SIZE AND PROFITABILITY ON FIRM VALUE WITH PROFIT GROWTH AS A MEDIATION: Empirical Study of Food and Beverage Subsector Companies Listed on the Indonesian Stock Exchange in the 2017-2021 Period Abdul Azis Solehuddin; Fauji Sanusi; Suryani, Emma
Management Science Research Journal Vol. 2 No. 4 (2023): November 2023
Publisher : PT Larva Wijaya Penerbit

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56548/msr.v2i4.88

Abstract

This study investigates the impact of firm size and profitability on firm value, with revenue growth acting as a mediator between the two. This study uses quantitative methods to test comparative causality. The data used is secondary data from the financial statements of each company obtained from both the company's official website and the IDX. The sampling of this study used non-probability purposive sampling techniques in food and beverage sector companies listed on the IDX for the 2017-2021 period with complete financial data. The research data is panel data and is analyzed using Eviews 12 with the following levels of analysis: descriptive statistics, regression model estimation, classical assumptions, and panel data regression to path analysis. The analysis results show that firm size and profitability have a significant positive effect on earnings growth, firm size and earnings growth can significantly increase firm value, profitability cannot increase firm value, and earnings growth cannot mediate the effect of firm size, but can mediate the effect of firm size. mediate the effect of profitability on firm value.