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THE INFLUENCE OF FIRM SIZE AND GEARING ON INCREASE IN PROFITS IN CUISINE AND REFRESHMENT SUB-SEGMENT ORGANIZATIONS REGISTERED ON THE INDONESIA EQUITY MARKET FOR THE PERIOD 2018-2022 Fajaryati, Hijroini; Sunarti, Desi; Nurhasanah, Nurhasanah; Ayudia, Rosalina; Suripto, Suripto
Journal of Management and Innovation Entrepreneurship (JMIE) Vol. 2 No. 1 (2024): Oktober
Publisher : Yayasan Nuraini Ibrahim Mandiri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70248/jmie.v2i1.1263

Abstract

The objective of this research is to analyze whether there is an impact of company size and gearing on profit growth in the culinary and beverage sub-sector companies listed on the Indonesia Stock Exchange (IDX) from 2018 to 2022. In this study, the dependent variable is profit growth, while the independent variables are company size and gearing. This study uses a quantitative analysis method and purposive sampling technique, utilizing annual financial report data from sixteen culinary and beverage sub-sector companies listed on the IDX. Data testing in this research was conducted using SPSS software version 26. After testing, both variables were found to be valid and reliable. According to this research, the company size variable does not have a significant positive impact on profit growth in culinary and beverage sub-sector companies listed on the IDX. The second finding of this research indicates that the gearing variable has a significant negative impact on profit growth, suggesting that companies with a high debt-to-equity ratio experience an increase in debt usage as a source of funding, which burdens the company with high interest expenses that must be paid, ultimately leading to a decrease in company profits.
Enterprise Risk Management, Capital Structure, Financial Performance, and Firm Value Fajaryati, Hijroini; Ridwan Nurazi; Rini Andriani; Fadli
Journal of Finance Integration and Business Independence Vol. 2 No. 1 (2026): Journal of Finance Integration and Business Independence
Publisher : YAYASAN BINA BISNIS NUSANTARA MEDAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64276/jofibi.v2i1.89

Abstract

This study analyzes the influence of Enterprise Risk Management (ERM) on capital structure, financial performance, and firm value in banking companies listed on the Indonesia Stock Exchange during 2017–2024. Using a quantitative approach, this study employs secondary data from annual reports, financial statements, IDX publications, OJK reports, and Bank Indonesia reports. Data were analyzed using Generalized Structured Component Analysis (GSCA) to test direct, indirect, and mediating effects. ERM is measured using a COSO-based disclosure index, capital structure is measured by DER and DAR, financial performance by ROA, ROE, and NIM, and firm value by Tobin’s Q. The results show that ERM has a positive and significant effect on capital structure, financial performance, and firm value. Capital structure negatively affects firm value, while financial performance does not significantly affect firm value. These findings indicate that ERM functions as a strategic value driver that strengthens risk governance, capital planning, and market confidence in Indonesian banking.