Claim Missing Document
Check
Articles

Pengaruh variabel fulmer h-score terhadap harga saham pada Badan Usaha Milik Negara Non Bank di Bursa Efek Indonesia periode 2013-2017 Ivo Rolanda; Mia Laksmiwati
Jurnal Akuntansi, Keuangan, dan Manajemen Vol 1 No 2 (2020): Maret
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/jakman.v1i2.8

Abstract

Purpose: This study aims to find out the influence of fulmer variables, namely retained earning / total assets, sales / total assets, earning before tax / equity, cash flow / total debt, total debt / total asset, current liabilities / total asset, log tangible asset, working capital / total debt, and log EBIT / interest on stock prices. Research methodology: The data in this study were secondary data in the form of financial statements of SOE companies. The calculation used Microsoft Excel 2010. The program used to analyze data was the Econometric Views 9 (EViews 9) program. Statistical testing was performed at a 95% confidence level and 5% significance level. From the 20 BUMN companies listed on the Indonesia Stock Exchange (IDX) in 2013-2017, 12 companies were sampled. Results: Variable Retained Earning / Total Assets, Earning Before Taxes / Equity, Cash Flow / Total Debt and Current Liabilities / Total Assets affect the stock price, while Sales / Total Asset variables, Total Debt / Total Assets, Log Tangible Asset, Working Capital / Total Debt and Log Earning Before Interest and Tax / Interest have no effect on the share prices of non-bank SOEs on the Indonesia Stock Exchange in the period 2013-2017 period. Limitations: Historical data used were limited to time periods, 5 year time series data for the period 2013 - 2017 and the variables used were only nine variables. Contribution: Non-bank SOEs must pay attention to ratios that have not influenced their share prices, such as TATO, DER, Tangible Assets, WCTD and TIER. This shows that SOEs’ assets have not been used productively, especially Tangible Assets. The suboptimal level of efficiency can be seen from the achievement of low income so that the ability of operating profit to cover interest expenses is still low. Keywords: Fulmer model, Stock price, Non-bank BUMN
Peran financial distress Altman memediasi kinerja keuangan terhadap harga saham pada BUMN di BEI Mia Laksmiwati; Sugeng Priyanto
Jurnal Akuntansi, Keuangan, dan Manajemen Vol 2 No 1 (2020): Desember
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/jakman.v2i1.125

Abstract

Purpose: Testing the effect of financial performance consisting of CR, DER, ROA, TATO on stock prices with Financial Distress as the mediating variable. Research methodology: The data are secondary data in the form of financial reports. This research method uses Path Analysis, and to analyze the data using the SPSS version 25 program. Sample of 16 companies listed on the BEI in 2014-2018. Results: CR, ROA affect FD while DER, TATO do not affect FD. Only TATO has a direct effect on stock prices. FD with the Altman Z score method only indicates the DER. Limitations: The historical data used is limited, 5-year time series and the variables: six variables and Altman Z Score method. Contribution: Non-bank SOEs pay attention to CR, DER and ROA that have not influenced share prices and maintain the performance of TATO. SOE must conduct FD analysis, which is an early warning system, solutions can be found immediately if predicted will experience financial difficulties in the future. Keywords: Financial performance, Financial distress, Stock price
Pengaruh Current Ratio, Earning Per Share, Debt To Asset Ratio, dan Total Asset Turnover, Terhadap Harga Saham (Studi Empiris pada Perusahaan Sub Industri Perkebunan dan Tanaman Pangan yang Terdaftar di Bursa Efek Indonesia Periode 2017-2022) Alikah Eka Disti; Mia Laksmiwati
Jurnal Publikasi Ilmu Manajemen Vol. 2 No. 4 (2023): Desember: Jurnal Publikasi Ilmu Manajemen
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jupiman.v2i4.2746

Abstract

This study aims to determine the effect of Current Ratio, Earning Per Share, Debt to Asset Ratio, and Total Asset Turnover on Stock Price. This study uses secondary data. The population in this study was 25 companies in the Plantation and Food Crops Sub-Industry listed on the Indonesia Stock Exchange for the period 2017-2022. The sampling technique used was purposive sampling method and obtained a sample of 16 companies. The analysis technique used is multiple linear regression analysis test using the Statistical Program for Social Science (SPSS) version 22 program. The results of this study indicate that Earning Per Share have a positive and significant effect on Stock Price, while Current Ratio, Debt to Asset Ratio, and Total Asset Turnover have no effect on Stock Price.
Pengaruh Quick Ratio, Debt To Total Assets dan Fixed Asset Turnover terhadap Return On Asset Siti Melani; Mia Laksmiwati
Jurnal Publikasi Ilmu Manajemen Vol. 4 No. 3 (2025): September: Jurnal Publikasi Ilmu Manajemen
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jupiman.v4i3.5561

Abstract

This study aims to analyze the effect of Quick Ratio, Debt to Total Asset, and Fixed Asset Turnover on Return on Asset in chemical sub-sector manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. The research employed a quantitative approach using secondary data obtained from annual financial statements. The population consists of 12 companies, with 8 companies selected as the sample through purposive sampling. Data analysis was conducted using multiple linear regression with the assistance of SPSS software, along with classical assumption tests to ensure the validity of the model. The findings show that the Quick Ratio has no significant effect on Return on Asset, while Debt to Total Asset significantly affects Return on Asset. In contrast, Fixed Asset Turnover does not significantly affect Return on Asset. These results imply that capital structure through debt plays a more dominant role in influencing profitability, whereas liquidity and fixed asset efficiency do not consistently impact financial performance. This study is expected to provide insights for company management in making financial decisions, as well as guidance for investors in assessing firm performance. In addition, the research may serve as a reference for future studies by incorporating additional financial ratios or alternative profitability indicators.
Pengaruh Debt To Equity Ratio, Return On Asset Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Najla Fauziyyah Hakim; Mia Laksmiwati
Jurnal Serasi Vol 21, No 1 (2023): April 2023
Publisher : Universitas Budi Luhur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36080/js.v21i1.2283

Abstract

Pengukuran nilai perusahaan yang akurat dan pemahaman tentang faktor-faktor yang mempengaruhinya dapat memberikan panduan kepada investor dan manajemen perusahaan dalam pengambilan keputusan yang lebih baik. Tujuan dari penelitian ini adalah untuk menganalisis apakah Debt to Equity Ratio (DER), Return on Asset (ROA), dan ukuran perusahaan memiliki pengaruh yang signifikan terhadap nilai perusahaan Populasi penelitian ini adalah laporan tahunan perusahaan perkebunan yang terdaftar di Bursa Efek Indonesia tahun 2017-2021. Jumlah sampel yang digunakan dalam penelitian ini adalah 15 perusahaan di sektor perkebunan. Analisis yang digunakan dalam penelitian ini adalah analisis regresi berganda dengan menggunakan aplikasi SPSS 25. Hasil penelitian ini menunjukkan bahwa ROA, DER dan firm size secara simultan berpengaruh terhadap nilai perusahaan. Secara parsial variabel DER berpengaruh signifikan terhadap nilai perusahaan, sedangkan ROA dan ukuran perusahaan tidak berpengaruh terhadap nilai perusahaan. Berdasarkan hasil penelitian tersebut, manajemen perusahaan perkebunan sebaiknya mengelola struktur modal dengan hati-hati dan mempertimbangkan pengurangan rasio hutang terhadap ekuitas (DER). Temuan ini memberikan implikasi penting bagi para pengambil keputusan perusahaan dalam mengelola struktur modal, efisiensi penggunaan aset, dan pertumbuhan perusahaan. Manajemen perlu mempertimbangkan dengan hati-hati tingkat hutang yang digunakan dalam pembiayaan perusahaan, serta meningkatkan efisiensi penggunaan aset untuk meningkatkan nilai perusahaan. Selain itu, perlu juga diperhatikan pertumbuhan dan pengembangan perusahaan untuk meningkatkan nilai perusahaannya