Claim Missing Document
Check
Articles

Found 24 Documents
Search

The Effect of Profitability, Liquidity and Solvability on Firm Value with Firm Size as Moderating Variable in Plantation Sector Company on The Indonesia Stock Exchange for The Period 2020 - 2024 Situmorang, Renovand Mikael; Toni, Nagian; Ariesa, Yeni; Sitanggang, Tina Novianti; Aktar, Salim
JURNAL AKUNTANSI FINANCIAL STIE SULTAN AGUNG Vol 12 No 1S (2026): (International Conference ICEBEMA Dr. Soetomo University and ICEBesMA Prima Ind
Publisher : Sekolah Tinggi Ilmu Ekonomi Sultan Agung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37403/financial.v12i1S.828

Abstract

This study aims to examine the influence of profitability, liquidity, and solvency on firm value with firm size as a moderating variable in plantation companies listed on the Indonesia Stock Exchange (IDX) during the period 2020–2024. Using a quantitative approach, this research employs the Structural Equation Modeling-Partial Least Squares (SEM-PLS) method to analyze the relationships among variables. The sample consists of 18 plantation companies selected using purposive sampling based on the availability and completeness of financial statements. The results reveal that profitability and liquidity have a positive and significant effect on firm value, while solvency does not significantly affect firm value. Additionally, firm size is found to moderate the relationship between profitability and firm value but does not moderate the effects of liquidity and solvency. These findings highlight the importance of profitability and liquidity management in enhancing firm value, particularly in the plantation sector. The study contributes to the understanding of financial determinants affecting firm value and provides practical insights for investors and corporate decision-makers.
PENGARUH SOLVABILITAS (DEBT EQUITY RATIO), PROFITABILITAS(RETURN ON EQUITY), DAN CURRENT RATIO TERHADAP RETURN SAHAM Ariesa, Yeni; Reslita, Agnes
Jurnal Ekonomi Bisnis Manajemen Prima Vol. 1 No. 2 (2020): Jurnal Ekonomi Bisnis Manajemen Prima
Publisher : JEBIM Prima

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34012/jebim.v1i2.852

Abstract

The objective of the study is to examine the effect of debt equity ratio, return on equity, and current ratio on stock returns. The independent variable is stock returns while the dependent variables are debt equity ratio, return on equity and current ratio. The research used a quantitative research approach, while the type of the study was descriptive statistics, and the nature of the study was an explanatory study. The research populations were 39 companies in the consumer goods industry sector while the 18 samples were drawn by using a purposive sampling technique consisting of consumer goods industries that met the criteria. The research data were analyzed by using multiple linear regression analysis with the classical assumption test. Simultaneously, the research revealed that the debt equity ratio, return on equity and current ratio did not affect stock returns in the consumer goods industry sector listed on the Indonesia Stock Exchange in the period of 2014-2018. The calculation points out that F-count <F-table or 0.412 <2.92 with a significant level of 0.745> 0.05. Partially, the debt equity ratio, return on equity, and current ratio did not have any significant effect on stock returns in the Consumer Goods Industry sector companies listed on the Indonesia Stock Exchange in the period of 2014-2018
EFFECT OF DIVIDEND POLICY (DPR), LIQUIDITY (CR) AND PROFITABILITY ON SHARE PRICE AT TRADE, SERVICE AND INVESTMENT SECTORS AT INDONESIA STOCK EXCHANGE IN PERIOD OF 2014-2018 Ariesa, Yeni; Br. Sitepu, Yolanda Pebrina Cristy
Jurnal Ekonomi Bisnis Manajemen Prima Vol. 1 No. 2 (2020): Jurnal Ekonomi Bisnis Manajemen Prima
Publisher : JEBIM Prima

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34012/jebim.v1i2.857

Abstract

Stock price is one indicator that shows investor interest in owning a company's stock. An investor always expects a stable stock price and has a pattern of movement that tends to rise from time to time, but in fact the stock price tends to fluctuate. Fluctuating stock prices become a risk for investors. Therefore, an investor must understand the issues that must be considered in determining investment decisions. The research variables are Dividend Payout Ratio (DPR), Liquidity (CR), and Profitability (NPM) and Share Prices. The research populations were Trade, Service and Investment Sector Companies listed on the Indonesia Stock Exchange in 2014-2018. The research samples were drawn by using a purposive sampling technique. The research samples were 17 company financial statements that met the criteria as a sample of the company. The datacollection was performed by documentation techniques and the research data were analyzed by using multiple linear analysis. Hypothesis testing shows that the Individual Payout Ratio (DPR) and Liquidity (CR) do not have a significant effect on stock prices. Profitability (NPM) has a significant effect on Stock Prices. The value of Adjusted R Square was 0.275 indicating that variations in the DPR, CR, and NPM can explain variations in the variable Stock Price up to 27.5% while the remaining 72.7% can be explained by other factors outside the variables that have not been examined.
PENGARUH RETURN ON EQUITY, DEBT TO ASSET RATIO, DAN CURRENT RATIO TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN SEKTOR INDUSTRI DASAR DAN KIMIA YANG LISTING DI BEI PERIODE 2013-2018 Sanjaya, Ganda; Ariesa, Yeni
Jurnal Ekonomi Bisnis Manajemen Prima Vol. 1 No. 2 (2020): Jurnal Ekonomi Bisnis Manajemen Prima
Publisher : JEBIM Prima

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34012/jebim.v1i2.907

Abstract

The industrial sector is currently one of sectors that is able to accelerate economic growth. Because this sector has a role in overcoming problem of unemployment and creating an economy based on natural resources. Therefore, this sector supports national economic growth (www.economy.okezone.com). This study aims to examine and analyze influence of Return on Equity, Debt to Asset Ratio, and Current Ratio on Dividend Policy in basic and chemical industry companies listed in Indonesia Stock Exchange period 2013-2018. Processing data with SPSS 22 Software. Data analysis method used is descriptive statistics, classical assumption test, multiple linear regression analysis and hypothesis testing (simultaneous test, partial test and coefficient of determination). The results of study prove simultaneously Return On Equity, Debt to Asset Ratio and Current Ratio significantly influence Dividend Policy with F value of 15,641. Partially Return On Equity partially has no significant effect on Dividend Policy with t value of -3,378, Debt to Asset Ratio partially has positive and significant effect on Dividend Policy with t value of 4,611, Current Ratio partially has positive and significant effect on Policy Dividends with t value of 5,400, with a coefficient of determination of 36.3%. The remaining 63.7% is the influence of other variables.