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Revealing Corporate Value: The Role of Investment Decisions, Debt Policy, and Ownership Structure Brahmayanti, Ida Ayu Sri
JASF: Journal of Accounting and Strategic Finance Vol. 7 No. 2 (2024): JASF (Journal of Accounting and Strategic Finance) - December 2024
Publisher : Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33005/jasf.v7i2.493

Abstract

This study examines how investment decisions, debt strategies, and ownership structures influence corporate value, specifically targeting manufacturing companies listed on the Indonesia Stock Exchange from 2019 to 2021. Using a quantitative approach and Partial Least Squares (PLS), the research integrates these critical factors into a comprehensive framework. The findings indicate that asset growth significantly impacts corporate value, highlighting the importance of effective investment strategies, while debt expansion positively influences firm value. However, managerial ownership does not exhibit a strong direct relationship with asset growth, equity expansion, or debt policies. Furthermore, this study highlights the significant role of institutional investors in strengthening corporate governance and reducing agency conflicts. Drawing on recent findings, it underscores the importance of intellectual capital and cash reserves in boosting financial performance and market valuation. The effective management of intellectual capital components—namely human, structural, and relational capital—serves as a bridge between financial performance and market valuation, while strategic cash reserves reflect financial stability and potential for growth. By synthesizing investment, financing, and ownership decisions, this study offers a novel perspective and practical implications for firms navigating post-pandemic economic recovery, emphasizing the synergy of financial strategies in optimizing corporate value and enhancing shareholder wealth.
The Effect of Financial Inclusion, Literacy and Fintech on Small Business Profitability with Financial Behavior as an Intervening Variable and Financial Quotient as Moderating Variable in Ponorogo Ervina, Ervina; Ratnawati, Tri; Brahmayanti, Ida Ayu Sri
International Journal of Economics (IJEC) Vol. 3 No. 2 (2024): July-December
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v3i2.736

Abstract

This research is focused on small businesses, as the growth of small businesses is a source of economic income in the Ponorogo City sub-district. The sales profit generated by small businesses each month is still relatively small and often decreases. These conditions reflect that the ability to generate profits in small businesses has not shown an increase in sales profit. This study aims to analyze the effect of financial inclusion, financial literacy, and fintech on small business profitability, with financial behavior as an intervening variable and financial quotient as a moderating variable, in the Ponorogo City District. The study sample consisted of 112 small businesses in the Ponorogo City District. The study employed the Smart Partial Least Square (PLS) method with an outer model and inner model test analysis. The results of this study indicate that financial inclusion has a significant effect on profitability, financial inclusion has a significant effect on financial behavior, financial literacy has a significant effect on profitability, financial literacy has no significant effect on financial behavior, fintech has no significant effect on profitability, fintech has a significant effect on financial behavior, financial behavior has a significant effect on profitability, and financial quotient cannot moderate the effect of financial inclusion on profitability. The moderating effect of financial quotient on the relationship between financial inclusion and financial behavior, financial inclusion and profitability, financial literacy and financial behavior, financial literacy and profitability, and fintech and profitability was not significant.
The Effect of Investment Decisions, Funding Decisions, Operational Decisions on Value of the Firm through Financial Distress as Intervening and Good Corporate Governance (GCG) as Moderating Rachmadani, Adelia Putri; Ratnawati, Tri; Brahmayanti, Ida Ayu Sri
International Journal of Economics (IJEC) Vol. 3 No. 1 (2024): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v3i1.852

Abstract

This research focuses on companies engaged in manufacturing because manufacturing companies are one of the important things for economic growth in Indonesia. Indonesian manufacturing companies are currently not diversified and only export relatively few types of products. This study aims to prove and analyze the relationship between investment decisions, funding decisions, operational decisions, financial distress, GCG on firm value. The sample in this study namelya manufacturing company engaged in the industrial sector listed on the Indonesia Stock Exchange (IDX) with a financial reporting period of 3 years, period 2019 to 2021. Tests were carried out using SmartPLS with an analysis of the outer model test and the inner model test. The research results show that operational decisions have a significant effect on financial distress, operational decisions have a significant effect on firm value andGood Corporate Governance (GCG)on firm value has a significant effect. The relationship of other variables shows no significant results on financial distress and firm value.
Analisis Akurasi Perbandingan Model Altman Z-Score, Springate, dan Zmijewski Untuk Memprediksi Financial Distress Pada Perusahaan Sektor Rokok Apsari, Cindy Marcellin; Pristiana, Ulfi; Brahmayanti, Ida Ayu Sri
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.v2i3.171

Abstract

Penelitian ini bertujuan untuk membuktikan dan menganalisa keakuratan model prediksi altman z-score, springate s-score dan zmijewski x-score terhadap financial distress pada perusahaan manufaktur sub sektor rokok yang terdaftar di Bursa Efek Indonesia. Jenis penelitian ini adalah penelitian kuantitatif, dengan populasi perusahaan menggunakan teknik sampling yaitu sampel jenuh dan menggunakan model prediksi Altman Z-Score, Springate dan Zmijewski serta Tingkat Akurasi dan Type Error II. Hasil penelitian menunjukkan bahwa metode Altman Z-Score dan Springate S-Score tidak memiliki tingkat akurasi yang akurat dalam menganalisis dan memprediksi financial distress pada perusahaan manufaktur sub sektor rokok yang terdaftar di BEI. Sedangkan, besar nilai Tingkat akurasi model Zmijewski X-Score adalah 100% dengan memprediksi keadaan financial distress perusahaan sangat baik dibandingkan dengan metode Altman Z-Score dan Springate S-Score yang memiliki tingkat akurasi 80%.
Pengaruh ROE, EPS, DER Terhadap Harga Saham Farmasi dengan Inflasi Sebagai Moderasi Wardhani, Mutiara Kusuma; Brahmayanti, Ida Ayu Sri; Halik, Ahmad
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.v2i3.180

Abstract

Penelitian ini bertujuan untuk membuktikan serta menganalisis hubungan antara return on equity, earning per share, dan debt to equity ratio yang berpengaruh terhadap harga saham dengan inflasi sebagai variabel moderasi pada perusahaan sub-sektor farmasi yang terdaftar di Bursa Efek Indonesia periode tahun 2019-2022. Perusahaan sub-sektor farmasi di Indonesia menunjukkan pertumbuhan yang signifikan. Fluktuasi harga saham di sektor ini menarik perhatian untuk dianalisis lebih mendalam. Pada penelitian menggunakan metode kuantatif. Jenis data yang digunakan berupa data dokumenter dimana data diperoleh dari data sekunder berupa laporan keuangan perusahaan yang terdaftar di bursa efek Indonesia serta data di website Badan Pusat Statistik. Jenis sampling yang digunakan adalah purposive sampling dengan kriteria yang sudah ditentukan, dan menemukan hasil sepuluh perusahaan yang masuk kepada kriteria sampel. Teknik analisis data yang digunakan yaitu analisis outer model, inner model, dan uji hipotesis. Alat analisis yang digunakan pada penelitian ini yaitu smartPLS3. Hasil pada penelitian ini menjelaskan bahwa return on equity, earning per share, dan debt to equity ratio tidak berpengaruh signifikan terhadap harga saham pada perusahaan sub-sektor farmasi yang terdaftar di bursa efek Indonesia periode 2019-2022. Inflasi tidak dapat memoderasi hubungan antara return on equity, earning per share, dan debt to equity ratio terhadap harga saham secara signifikan pada perusahaan sub-sektor farmasi yang terdaftar di bursa efek Indonesia periode 2019-2022.
PENGARUH BRAND IMAGE, BRAND AMBASSADOR DAN E-WOM TERHADAP PURCHASE INTENTION PRODUK BENING’S SKINCARE Salsabila, Annisaa Ermi; Brahmayanti, Ida Ayu Sri
Jurnal Review Pendidikan dan Pengajaran Vol. 8 No. 1 (2025): Volume 8 No. 1 Tahun 2025
Publisher : LPPM Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/jrpp.v8i1.41260

Abstract

Penelitian ini bertujuan untuk mengetahui Pengaruh brand image, brand ambassador dan e-wom terhadap purchase intention produk Bening’s Skincare. Penelitian ini menggunakan metode kuantitatif, teknik pengumpulan data yaitu dengan menyebarkan kuesioner melalui google form, analisis yang digunakan yaitu regresi linier berganda. Sampelnya terdiri dari 97 responden. Adapun hasil penelitian menunjukkan bahwa semua indikator valid dan reliabel. Hasil dari uji T menyatakan bahwa brand image, brand ambassador dan e-wom berpengaruh signifikan terhadap purchase intention. Hasil dari uji F menyatakan bahwa brand image, brand ambassador dan e-wom berpengaruh secara simultan terhadap purchase intention produk Bening’s Skincare. Sedangkan hasil dari uji R² menunjukkan bahwa pengaruh variabel independen terhadap variabel dependen sebesar 97,2% sedangkan sisanya 2,8% dipengaruhi variabel lain diluar model penelitian.
PENGARUH BRAND TRUST, DESAIN PRODUK DAN KUALITAS PRODUK TERHADAP KEPUTUSAN PEMBELIAN PRODUK DI PERSEBAYA STORE SURABAYA Hasannurdin, Achmad Yusuf; Brahmayanti, Ida Ayu Sri
Jurnal Review Pendidikan dan Pengajaran Vol. 8 No. 1 (2025): Volume 8 No. 1 Tahun 2025
Publisher : LPPM Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/jrpp.v8i1.41261

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh brand trust, desain produk dan kualitas produk terhadap keputusan pembelian produk di Persebaya Store Surabaya. Penelitian ini menggunakan metode kuantitatif, teknik pengumpulan data yaitu dengan menyebarkan kuesioner, analisis yang digunakan yaitu regresi linier berganda. Sampelnya terdiri dari 97 responden. Adapun hasil penelitian menunjukkan bahwa semua indikator valid dan reliabel. Hasil dari uji T menyatakan bahwa brand trust berpengaruh signifikan terhadap keputusan pembelian. Desain produk berpengaruh signifikan terhadap keputusan pembelian. Kualitas produk secara parsial berpengaruh signifikan terhadap keputusan pembelian. Hasil dari uji F menyatakan bahwa brand trust, desain produk dan kualitas produk berpengaruh secara simultan terhadap keputusan pembelian produk di Persebaya Store Surabaya. Sedangkan hasil dari uji R² menunjukkan bahwa pengaruh variabel independen terhadap variabel dependen sebesar 89,7% sedangkan sisanya 10,3% dipengaruhi variabel lain diluar model penelitian.