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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.
ANALYSIS OF LIQUIDITY IN PT. BANK PEMBANGUNAN DAERAH JAWA BARAT DAN BANTEN, TBK. USING THE CASH RASIO METHOD Alawiyah, Nadilatul; Suryani, Emma; Utami, Fiesty; Agusetiawan Shavab, Firli
Management Science Research Journal Vol. 3 No. 1 (2024): February 2024
Publisher : PT Larva Wijaya Penerbit

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

In checking the health of a bank, each bank must pay attention to the level of liquidity. Liquidity is the ability of an organization to pay its short-term debt quickly. This cash ratio shows the bank's ability to repay depositors or client savings when withdrawn with its liquid assets. To determine a business's ability to meet its current debt obligations, calculations using the debt ratio are very important. The aim of this research is to determine the level of liquidity of PT. Regional Development of West Java and Banten, Tbk. using the money ratio method from 2019 to 2021. This research uses a quantitative descriptive approach. In 2019, 2020 and 2021 the liquidity value of PT. Regional Development of West Java and Banten, Tbk exceeded 4.05% (based on the predicate health ratio indicator by the Board of Directors of Bank Indonesia) so that there are no obstacles to fulfilling its current obligations.
The Effect of Profitability and Liquidity on Company Value with Capital Structure as an Intervening Variable A'inatunnadillah, Ningtias; Akhmadi, Akhmadi; Suryani, Emma
Journal of Economics, Management, Accounting and Computer Applications Vol. 2 No. 2 (2025)
Publisher : Institute Of Advanced Knowledge and Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69693/jemaca.v2i2.35

Abstract

This study aims to test and analyze the influence of profitability and liquidity on the value of companies with capital structure as intervening variables in companies listed in the SMInfra18 Index on the Indonesia Stock Exchange for the 2018-2023 period. The variables studied included profitability proxied by Net Profit Margin (NPM), liquidity with Current Ratio (CR), capital structure with Long-term Debt to Equity Ratio (LTDER), and company value with Tobin's Q. Purposive sampling method was used to obtain eleven companies as a sample with a total of 66 observation data. Data analysis was conducted using IBM SPSS Statistics 23. The results of the study show that profitability and liquidity have a positive and significant effect on the company's value. Profitability and liquidity have a negative and significant effect on capital structure. Capital structure is not able to mediate the influence of profitability on the value of the company, but it is able to mediate the influence of liquidity on the value of the company.
Pengaruh Profitabilitas terhadap Harga Saham dengan Kebijakan Dividen sebagai Variabel Intervening Apriyanti, Mira; Mahmudi, Bambang; Suryani, Emma
Journal Social Society Vol. 6 No. 1 (2026): Januari - Maret 2026
Publisher : Pustaka Digital Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54065/jss.6.1.2026.1006

Abstract

Urgensi penelitian ini untuk memahami mekanisme bagaimana profitabilitas dapat meningkatkan nilai saham melalui kebijakan dividen, serta memberikan wawasan bagi investor dan manajemen perusahaan dalam mengambil keputusan investasi dan distribusi laba yang efektif guna memaksimalkan nilai perusahaan di pasar modal. Penelitian ini bertujuan untuk menganalisis pengaruh profitabilitas terhadap harga saham dengan kebijakan dividen sebagai variabel intervening pada perusahaan manufaktur sub sektor makanan dan minuman yang terdaftar di Bursa Efek Indonesia (BEI) periode 2019–2023. Profitabilitas diukur dengan Return on Assets (ROA) dan Net Profit Margin (NPM), sementara kebijakan dividen diproksikan oleh Dividend Payout Ratio (DPR). Penelitian ini menggunakan pendekatan kuantitatif dengan metode kausalitas. Data sekunder diperoleh dari laporan keuangan tahunan perusahaan yang memenuhi kriteria purposive sampling, dengan total sampel 16 perusahaan dan 80 observasi data panel. Teknik analisis yang digunakan meliputi uji asumsi klasik, analisis jalur (path analysis), dan uji Sobel untuk menguji pengaruh mediasi. Hasil penelitian menunjukkan bahwa ROA dan NPM berpengaruh positif signifikan terhadap harga saham. Selain itu, ROA dan NPM juga berpengaruh positif signifikan terhadap DPR. DPR terbukti berpengaruh signifikan terhadap harga saham dan berperan sebagai variabel intervening dalam hubungan ROA dan NPM terhadap harga saham. Temuan ini mendukung teori sinyal yang menjelaskan bahwa profitabilitas dan kebijakan dividen menjadi sinyal penting bagi investor dalam menilai kinerja perusahaan. Implikasi praktis penelitian ini diharapkan dapat menjadi bahan pertimbangan bagi manajemen perusahaan dalam menentukan kebijakan keuangan yang optimal dan bagi investor dalam pengambilan keputusan investasi di sektor makanan dan minuman.