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The Role of Profitability in Mediating the Relationship Between Liquidity on Stock Prices for the Period 2013-2022 Putra, Rizal Pradana; Mahmudi, Bambang; Suryani, Emma
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.v2i3.198

Abstract

This study explores how the Net Profit Margin (NPM) acts as an intermediary in the connection between the Current Ratio (CR) and stock returns for companies included in the LQ45 Index over the period from 2013 to 2022. The study population includes all companies within the LQ45 Index, which totals 45 firms. The LQ45 Index features a group of companies with the highest liquidity in their stock performance on the Indonesia Stock Exchange (IDX). To be included, companies must have significant market capitalization, impressive stock performance over time, and strong financial health. Consequently, the LQ45 Index is highly favored by investors. Using Purposive Sampling, the sample is limited to companies that have been continuously listed on the LQ45 Index throughout the 10-year span and have the requisite data, leading to a selection of 19 companies. Analytical methods employed include Descriptive Statistical Analysis, Multiple Linear Regression, Path Analysis, and the Sobel Test, with IBM SPSS25 used for data analysis. In this research, the Current Ratio (CR) serves as the independent variable, Stock Return is the dependent variable, and the Net Profit Margin (NPM) acts as the mediating variable. Findings reveal that the Current Ratio does not significantly impact Stock Return, the Net Profit Margin has a positive and significant effect on Stock Return, the Current Ratio negatively and significantly affects the Net Profit Margin, and the Net Profit Margin fully and significantly mediates the impact of the Current Ratio on Stock Return.
The Role of Capital Structure in Mediating the Effect of Liquidity on Profitability Tinus, Astina; Mahmudi, Bambang; Nurhayati, Enok
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.v2i3.205

Abstract

The objective of this study is to assess the impact of the Current Ratio (CR) on the Net Profit Margin (NPM), with the Debt-to-Equity Ratio (DER) and Debt-to-Asset Ratio (DAR) serving as intervening variables. This research was conducted due to certain business phenomena that became the focal point of investigation, discrepancies between empirical data and existing theories, and gaps in previous studies that prompted the need for further exploration. This study employs a quantitative research approach, utilizing data collection techniques based on company financial reports through documentation methods. The population of this study comprises all companies listed and consistently included in the Business-27 Index on the Indonesia Stock Exchange (IDX) from 2013 to 2022. A total of 6 companies were selected as samples from the 27 companies available, using purposive sampling methods. Path analysis and the Sobel test were utilized as data analysis techniques in this research. The findings of this study indicate that the CR does not have a significant impact on NPM. However, CR has a negative and significant effect on both DER and DAR. Furthermore, DER and DAR do not have a significant influence on NPM. While DER cannot mediate the relationship between CR and NPM, DAR can mediate this relationship.
The Effect of Profitability on Company Value with Dividend Policy as an Intervening Variable Lorensia, Maria; Mahmudi, Bambang; Nurhayati, Enok
Indonesian Journal of Innovation Multidisipliner Research Vol. 3 No. 1 (2025): March
Publisher : Institute of Advanced Knowledge and Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69693/ijim.v3i1.326

Abstract

His research aims to determine the effect of return on assets on firm value through the mediation of dividend payout, while controlling for firm size. This study was conducted due to the presence of business phenomena related to the research topic, inconsistencies between empirical data calculations and theoretical reviews, as well as inconsistencies in previous research, which created a research gap. The study uses a quantitative research approach, with data collected through documentation techniques from company financial reports. The population in this research consists of all companies listed and remaining on the SRI-KEHAI Index of the Indonesia Stock Exchange during the 2013-2022 period. The sample size is 9 companies out of a total population of 30, selected using purposive sampling. The data analysis techniques used in this study are path analysis and the Sobel test. The findings of the study show that: Profitability (ROA) affects firm value (PBV), Dividend policy (DPR) does not affect firm value (PBV), Dividend policy (DPR) affects firm value (PBV), Dividend policy (DPR) fails to mediate the relationship between profitability (ROA) and firm value (PBV), and The instability of the results with the control variable of firm size shows no significant impact on the findings.
The Mediating Role of Dividend Policy in the Influence of Profitability on Firm Value Haq, Hafidz Izzul; Mahmudi, Bambang; Rosyid, Abdul
Indonesian Journal of Innovation Multidisipliner Research Vol. 3 No. 1 (2025): March
Publisher : Institute of Advanced Knowledge and Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69693/ijim.v3i1.334

Abstract

This study aims to empirically test the effect of profitability on firm value through dividend policy as an intervening variable in raw material sector companies listed on the Indonesia Stock Exchange for the period 2013-2023. The study was conducted because there was a business phenomenon in the research topic, inconsistency of empirical data calculation results with theoretical studies, and inconsistency of previous studies that caused a research gap. The research topic is Firm Value which reflects the present value of expected future income. The dividend policy variable is proxied using the Dividend Payout Ratio (DPR). Profitability is proxied by Return on Assets (ROA), and Firm Value using Price to Book Value (PBV). This research is a type of quantitative research with data collection techniques using documentation techniques derived from the company's financial statements. The research population is a raw material industry sector company with a research period of 11 years. The data analysis technique used in the study is Panel Data Regression and Sobel Test using the Eviews version 12 application with the processed data in the form of panel data. The study shows that profitability does not have a significant effect on firm value, but dividend policy has a negative and significant effect on firm value. The dividend policy variable has a positive and significant effect on firm value. Then, dividend policy is able to mediate the influence of profitability on company value.
The Evolution of FinTech and its Effects on Financial Decision Making: A Systematic Literature Review Mahmudi, Bambang
Management Studies and Business Journal (PRODUCTIVITY) Vol. 1 No. 1 (2024): Management Studies and Business Journal (PRODUCTIVITY)
Publisher : Penelitian dan Pengembangan Ilmu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62207/fndptp12

Abstract

The development of FinTech technology has changed the financial landscape, having a significant impact on individual and corporate financial decision-making. Through a systematic literature review, this research investigates the evolution of FinTech and its effects on financial management behavior, product preferences, investment decisions, and consumer confidence. FinTech has improved accessibility, product innovation, data analysis, competition in the market, and security, while also raising challenges such as data security issues and the risk of bias in decision making. With a deeper understanding of this relationship, steps can be taken to maximize the benefits of FinTech while minimizing the risks.
Corporate Governance Mechanisms and Financial Performance: A Systematic Literature Review in Emerging Markets Mahmudi, Bambang
Management Studies and Business Journal (PRODUCTIVITY) Vol. 1 No. 3 (2024): Management Studies and Business Journal (PRODUCTIVITY)
Publisher : Penelitian dan Pengembangan Ilmu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62207/gqtv4c76

Abstract

This research investigates the relationship between corporate governance mechanisms and financial performance in emerging markets. Through a systematic literature review approach, researchers analyze various studies that have been conducted to understand the role of board of directors composition, institutional ownership, and financial reporting transparency in influencing company performance. The findings show that a diverse board of directors composition, strong institutional ownership, and financial reporting transparency have a significant impact on a company's financial performance. Apart from that, the relationship between corporate governance and financial performance is also supported by various theories such as agency theory, stewardship and collective action. This research provides a better understanding of the importance of effective governance practices in achieving sustainable financial performance in emerging markets.
Exploring the Landscape of Big Data Analytics in Financial Decision Making Mahmudi, Bambang
Accounting Studies and Tax Journal (COUNT) Vol. 1 No. 2 (2024): Accounting Studies and Tax Journal
Publisher : Penelitian dan Pengembangan Ilmu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62207/7spd4813

Abstract

Big Data analysis has become an integral part of financial decision making in the modern corporate context. In an increasingly complex and competitive environment, a deep understanding of the factors that influence the success of Big Data analysis is critical. This research aims to investigate the role of variables such as data quality, data security, technology infrastructure, data analysis skills and expertise, leadership and organizational culture, regulations and compliance, and clear business objectives in corporate financial decision making. Using a literature analysis approach, we found that high data quality, strong data security, adequate technology infrastructure, high data analysis skills and expertise, supportive leadership, regulatory compliance, and clear business objectives each contribute positively to the effectiveness of Big Data analysis in supporting financial decision making. These findings highlight the importance of holistic integration of these factors in efforts to improve corporate financial decision-making processes.
The Nutrient Content of Eco-enzymes from Mixture of Various Fruit Peels Siregar, Benedicta Lamria; Siallagan, Rexi Sebastian; Butar Butar, Suwarnita; Mahmudi, Bambang; Pujiastuti, Elisabeth Sri
Agro Bali : Agricultural Journal Vol 7, No 2 (2024)
Publisher : Universitas Panji Sakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37637/ab.v7i2.1646

Abstract

Today, many institutions and individuals are paying attention to the development of technologies used in sustainable agriculture.  One of the technologies is eco-enzyme that can be used as organic fertilizer.  Several researchers have studied the use of eco-enzymes in agriculture, but studies on the nutrient content of eco-enzymes are still very limited. This research was conducted to investigate the nutrient content of two eco-enzyme preparations. The eco-enzymes were produced through the fermentation process of water, fruit peels, and molasses with a weight ratio of 10 : 3 : 1. Fruit peels used for Eco-enzyme A were banana, melon, watermelon, orange, and pineapple peels, while for Eco-enzyme B were banana, mango, watermelon, orange, and pineapple peels. The fermentation period for Eco-enzyme A was seven months, while for Eco-enzyme B was eight months. The results of the analysis showed that the two eco-enzymes contained various nutrients, both macro (C, N, P, K, Mg, Ca) and micro (Mn, Zn, B, Fe, Cu) ones, that were consistently higher in Eco-enzyme A. Both eco-enzymes were acidic, where the pH of Eco-enzyme A and B were 3.95 and 3.50, respectively. The data obtained were expected to be a basic reference for further research on eco-enzymes.
The Effect of Liquidity, Leverage, and Profitability on Financial Distress with Company Size as a Moderation Variable Hidayat, Robbi; Mahmudi, Bambang; Suryani, Emma
Innovative: Journal Of Social Science Research Vol. 4 No. 4 (2024): Innovative: Journal Of Social Science Research
Publisher : Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/innovative.v4i4.14356

Abstract

Industri otomotif merupakan salah satu sektor manufaktur terbesar yang menjadi penggerak pertumbuhan ekonomi di Indonesia. Potensi pasar yang besar dan tingginya permintaan kendaraan bermotor, didukung oleh kemampuan produksi dalam negeri, mendorong pemerintah untuk menargetkan peningkatan produksi mobil guna mendongkrak ekspor ke berbagai negara. Kondisi ini berdampak pada seluruh pelaku rantai pasok otomotif Indonesia, termasuk PT XYZ yang mengelola logistik ekspor dan impor mobil. Menyikapi perkembangan tersebut, PT XYZ berencana membangun gedung parkir bertingkat baru untuk menambah kapasitas terminalnya, yang akan dinilai kelayakannya melalui studi ini. Studi kelayakan merupakan studi pengukuran kelayakan dan profitabilitas suatu proyek bisnis. Studi kelayakan yang dirinci sebagai studi kelayakan finansial ini menggunakan Capital Budgeting Analysis sebagai metodenya. Metode ini menggunakan beberapa indikator, seperti Net Present Value, Internal Rate of Return, dan Payback Period, yang dapat diperkaya dengan metrik finansial lainnya. Analisis ini dapat memperkirakan kondisi keuangan perusahaan di masa mendatang dan risiko yang mungkin dihadapi melalui perhitungan sensitivitas. Proyek investasi pembangunan gedung baru oleh PT XYZ dinilai layak karena memperoleh Net Present Value (NPV) positif sebesar Rp136.654.040.230. Proyek ini juga memiliki internal rate of return sebesar 14%, sedikit lebih tinggi dari discount rate atau biaya modal sebesar 12,3%. Payback period yang didiskontokan juga lebih pendek dari umur ekonomis aset, yaitu 17,5 tahun. Struktur modal proyek ini dibebani biaya di awal dan dibebani pendapatan di akhir. Analisis sensitivitas menunjukkan bahwa laju alir mobil di terminal dan discount factor merupakan determinan utama perubahan NPV proyek. Sementara itu, faktor biaya yang paling mempengaruhi perubahan NPV adalah material, upah, dan tarif sewa lahan.
Inovasi Keuangan dan Transformasi Perbankan: Studi Kasus Pada Pengembangan Layanan Perbankan Digital Judijanto, Loso; Hariyanti, Hariyanti; Mahmudi, Bambang; Febriansyah, Febriansyah; Siahaan, Matdio
Jurnal Cahaya Mandalika ISSN 2721-4796 (online) Vol. 3 No. 2 (2022)
Publisher : Institut Penelitian Dan Pengambangan Mandalika Indonesia (IP2MI)

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Artikel jurnal ini membahas dampak inovasi keuangan terhadap transformasi sektor perbankan, dengan fokus pada pengembangan layanan perbankan digital. Penelitian ini menggunakan pendekatan studi kasus untuk menggambarkan bagaimana inovasi keuangan memainkan peran kunci dalam mengubah lanskap perbankan tradisional. Studi ini mengidentifikasi berbagai jenis inovasi keuangan yang telah diadopsi oleh lembaga keuangan, khususnya perbankan, dan menganalisis dampaknya terhadap pengembangan layanan perbankan digital. Faktor-faktor yang mendorong adopsi inovasi keuangan, seperti perkembangan teknologi informasi dan perubahan perilaku konsumen, menjadi fokus utama penelitian. Dalam konteks layanan perbankan digital, penelitian ini mengeksplorasi bagaimana inovasi keuangan telah memungkinkan perbankan untuk meningkatkan efisiensi operasional, memberikan pengalaman pelanggan yang lebih baik, dan menciptakan model bisnis yang baru. Studi kasus menyelidiki implementasi teknologi seperti kecerdasan buatan, blockchain, dan fintech dalam meningkatkan layanan perbankan digital. Hasil penelitian menyoroti bahwa inovasi keuangan bukan hanya mendorong efisiensi internal perbankan, tetapi juga mengubah cara pelanggan berinteraksi dengan layanan keuangan. Dengan adopsi layanan perbankan digital, terjadi peningkatan aksesibilitas dan inklusivitas keuangan bagi masyarakat. Namun, tantangan seperti keamanan data dan regulasi juga menjadi fokus diskusi dalam artikel ini. Secara keseluruhan, artikel jurnal ini memberikan wawasan mendalam tentang peran inovasi keuangan dalam mengubah paradigma perbankan menuju layanan perbankan digital yang lebih responsif dan efisien. Penelitian ini dapat memberikan panduan berharga bagi industri keuangan dan peneliti untuk memahami dinamika transformasi sektor perbankan di era digital.