p-Index From 2021 - 2026
10.467
P-Index
This Author published in this journals
All Journal Jurnal Sains dan Teknologi Jurnal Penelitian dan Pendidikan IPS Jurnal Matematika dan Statistika serta Aplikasinya (Jurnal MSA) Jurnal Elementer (Elektro dan Mesin Terapan) Desimal: Jurnal Matematika Pendas : Jurnah Ilmiah Pendidikan Dasar JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis dan Inovasi Universitas Sam Ratulangi) Jurnal Inovator Veteran Law Review Al-Ard: Jurnal Teknik Lingkungan Jurnal Bisnis Darmajaya Jurnal Jejaring Matematika dan Sains Journal Orthopaedi and Traumatology Surabaya (JOINTS) JIIP (Jurnal Ilmiah Ilmu Pendidikan) Jurnal Partisipatoris Jurnal Pedagogi dan Pembelajaran Journal of Advanced in Information and Industrial Technology (JAIIT) BALANGA: Jurnal Pendidikan Teknologi dan Kejuruan Jurnal Ilmiah Publika JURNAL PENDIDIKAN DASAR FLOBAMORATA Fokus: Publikasi Ilmiah untuk Mahasiswa, Staf Pengajar dan Alumni Universitas Kapuas Sintang JURPIKAT (Jurnal Pengabdian Kepada Masyarakat) Nobel Management Review Chlorophyl: Jurnal Ilmu-Ilmu Pertanian Berajah Journal Al-Isyrof: Jurnal Bimbingan Konseling Islam Journal of Tourism Sustainability Student Journal of Educational Management Research Review: Jurnal Ilmiah Multidisiplin MEDICINUS Jurnal Pendidikan Transformatif COUNSELING FOR ALL: Jurnal Bimbingan dan Konseling Jurnal Media Administrasi Politeknosain JISMA: Jurnal Ilmu Sosial, Manajemen, dan Akuntansi Indonesian Journal Economic Review (IJER) Jurnal Teknik Ilmu dan Aplikasi Journal of Research and Publication Innovation Center of Economic Students Journal (CSEJ) Gema Lingkungan Kesehatan Metta: Jurnal Penelitian Multidisiplin Ilmu Journal for Quality in Public Health Nusantara Journal of Multidisciplinary Science International Journal of Research in Mathematics Education Jurnal Pendidikan Guru Sekolah Dasar SYARIAH Jurnal Karya Generasi Sehat Al'Adalah Getek : Jurnal Pengabdian Kepada Masyarakat Purbawidya: Jurnal Penelitian dan Pengembangan Arkeologi An-Nas : Jurnal Humaniora The International Journal of Medical Science and Health Research Journal Serambi Engineering (JSE) Management Analysis Journal Jurnal Sosial dan Bidang Pendidikan (SABIQ) Jurnal Pengabdian kepada Masyarakat Multidisiplin (JUPENGEN) Multidisciplinary Indonesian Center Journal MIMBAR PGSD FLOBAMORATA JURNAL FLOBAMORATA MENGABDI Sujud: Jurnal Agama, Sosial dan Budaya Jurnal Teologi Islam Masterpiece Journal Society Service Insight Jurnal Mahkota Bisnis (Makbis) Jurnal Ilmiah Manajemen Dan Kewirausahaan Jurnal Ilmiah Pendidikan Citra Bakti Jurnal Ilmu Manajemen dan Bisnis (JURMANIS) Macoa : Jurnal Pengabdian kepada Masyarakat Dirosah Islamiyah: Jurnal Studi Islam IMANENSA: Journal of Theology & Multidisciplinary Studies
Claim Missing Document
Check
Articles

Found 1 Documents
Search
Journal : management analysis journal

The Impact of Corporate Funding Policies on Firm Value: A Comparative Study of Debt, Profit, and Free Cash Flow in Transportation and Logistics Companies Hadyan, Deni; P Sitorus, Alvin David; Arifin
Management Analysis Journal Vol. 14 No. 3 (2025): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v14i3.28740

Abstract

This study addressed the critical role of Indonesia's transportation and logistics sector in national economic growth, which faced significant pressure from COVID-19 impacts (15.04% decline) and state expenditure cuts (IDR 306.7 trillion). Prior research revealed inconsistent findings on how funding policies affect company value, highlighting a key knowledge gap. The study examined the comparative impact of company debt, profit, and free cash flow on firm value within this sector. Using quantitative methods, financial data from 19 Indonesian-listed transportation/logistics companies (2018–2023, n = 104 observations) were analyzed via multiple linear regression. Results indicated that debt significantly reduced firm value (β = -0.166, p = 0.006), while profit (β = 0.172, p = 0.042) and free cash flow (β = 0.042, p = 0.009) increased it. These findings suggest that optimizing profit retention and cash flow management, while minimizing excessive debt, enhances company resilience and investor appeal.
Co-Authors , Moehamad Helmy Fauzi Abdul Rizal, Abdul Abdullah, Bualkar AHMAD RIDUAN ahmad yani Ahmad, Rizqy Amelia Ramadhaniyah Aiman, Ummu Aji Witanto Akbari, Ummu Fajariyah Alam, Samsul Alhidri, Wahib Ali Syah Putra Alif Khanda Wicaksana Amirullah Datuk Amra, Wahidah Anang Budikarso, Anang Andoko Annysa Aprilya Ansar Antony Djong, Vanness Jan Ho APRILIA, NITA Aprilia, Nita Aprilia Arantrinita Arfa, Aryatih Arisandi, Edi Arum Ratnaningsih Arwildayanto, Arwildayanto Ashari Ashoer, Muhammad Bahari, Andi Faisal Basalamah, Muhammad Syafi'i A. Baso Amang, Baso Bayu Irsandy Bestari Laia Bustami, Tira Dewi Chandra, Muhammad Chodir, Fatkul Ciptawan, Ciptawan Clara Nadia Yunan Dahniar Th. Musa Damara Saputra Siregar Damis, Hasanuddin Dewi Purnama Hamid Djara , Jean Imaniar Djiuwa, Rahmawati Eko Budi Lelono Eko Surjadi Emirullyta Harda Ninggar Endang Susilowati Erfan Maulana Ermawati Ermawati Esti Qama Evelyn Belaktrix Sumby Exfristin Wau Fadel, Muhammad Fadhlina Nazly Faridatun Nadziroh Fathirma'ruf Fazlul Rahman RM Ferdiansyah Mahyudin Fitriansyah Gita Hilmi Prakoso Gunawan Santoso Hadjrah Arifin Hadyan, Deni Harnas Baharuddin, Andi Hartati, Diah Vitaloka Haryono Rinardi Has, Muh. Furqan Hasrianti Helidatasa Utami Hendy Briantoro Hidayah, Fitriah Nurul Igamawati Giawa Ilyas Yasin Indah Mawati Giawa Ismar Hidayat Iwan Satriyo Nugroho Ixsora Gupita Cinantya, Ixsora Gupita Jaya, Andi Indra Jojo Sumarjo Juita Lendi Luan Jumaati Kadir, Jamaluddin Kamis Karno Kendra Hosea Khasna, Fenny Tanalinal Khusnul Hamdani, Mohammad Khusnul Khatima Asrul Kohar Lamuru, Afrianti S Laras Putri Olivia Lestari, Ebiet Wanda LETASADO, MUHAMAD RUSADI M. Sabran Achyar M. Yahya Ashari Mahirullah, Mahirullah Mallongi, Syahrir Manalu, Sanggam Roy I. Mapparenta Marten PUYO Martoyo Mas'ud, Masdar Masaong, Abdul Kadim Masita Bareut Masngud Kudori Matrahman Maya Hapsari Kusumaningtyas Meyra Chusna Mayarakaca Misnawati Mohammad Yanuar Hariyawan Mouli Edward Muh. Aminullah Muh. Arif Muhamad Milchan Muhamad Ratodi Muhammad Naufal Saniar Muhammad Ramli Muhammad Rifai Muslim Nabila Paputungan Nabila Syahrani Nautu, Albert K. Ndraha, Lies Dian Marsya Netty Herawati Ningsih, Nining Widiana Novan Somantri Novianti, Trie Rezky Nur Hasjim Nur isnaini syaifullah Nur Wahida Yusuf Nurlailah Nurmala, Eka Nurmi Nurul Hilmi Nurwijayanto P Sitorus, Alvin David Pabali Musa Paramitha S,Piola, Marina Pratama Saputra, Indra Pratiwi Purnama, Hukma Ratu Purwanto Putri, Vicry Kartika Putu Kerti Nitiasih Putu Nanci Riastini, Putu Nanci Rahman, Md. Mahbubur Rahmisyari rendita utami Reni Puji Lestari Ripursari, Tety Risma Sepia Risty Azzahra Robbi Tri Atmaja Roby Cahyadi Rusdiono Ruslan, Sry Utari Sabaruddin Salfa Seti Sari Pratiwi Apidianti Sari, Mardiana Sarmila Selong, Abbas Setiady, Irsyandi Syifa Sinring, Bahar Siti Walida Mustamin Slamet, Fayrus Abadi Sudirman sukmawati Sulaiman Sulaiman Hamzani Sulaiman Mustafa Wuhdin sultan Sumardi Sumaria Sumarmo Sunimbar Supriyanto Kartodarsono Sya'diyah, Zahrotusy Syahnur, Muh. Haerdiansyah Syahrul Syahrul Syarifuddin Darajad Syauqi Ramadhan Taufan Eka Putra Tien Zubaidah Tofani, Dufiana Tugiman Usman, Nur’adin Feriyanto Wahab, Ahmad Ishom Pratama Wahid Hasyim TRA Beni Wahyu Ilham Faruq Wibawa, Iskandar Widuri, Elva Shanty Wijoyo Winarti. A Winda Purnama, Siti Wula, Zainur Wulandary, Ela Yahya Nobisa Yayuk Julyyanti Yoedy Moegiharto Yoedy Moegiharto Yoedy Moegiharto, Yoedy Yohanes Joko Supriyadi Zainal Andy Saputra Zainuddin Rahman Zakiah, Raudatul Zulkarnen