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TJHAI, FUNG JIN
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PENGARUH PROFITABILITAS DAN FAKTOR LAINNYA TERHADAP NILAI PERUSAHAAN NON-KEUANGAN DI INDONESIA Wijaya, Vanessa Natalia; Tjhai, Fung Jin
E-Jurnal Akuntansi TSM Vol. 3 No. 4 (2023): E-Jurnal Akuntansi TSM
Publisher : Pusat Penelitian dan Pengabdian kepada Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34208/ejatsm.v3i4.2356

Abstract

Firm value is one of the factors that can affect the decision taken by investors. The aim of this research is to obtain empirical evidence related to the influence of several independent variables on one dependent variable. The dependent variable used in this research is firm value that measured by Tobin’s Q. This research is also has independent variables consisting of profitability, capital structure, managerial ownership, dividend policy, firm size, liquidity, and institutional ownership. The results of this research show that profitability has an unstandardized coefficient value of 7.383, so it can be concluded that profitability has a positive effect on firm value. This also shows that the higher profitability of the company, it proves that a company is running well, so this also influences investors views on whether to invest in a company or not. On the other hand, capital structure, managerial ownership, dividend policy, company size, liquidity, and institutional ownership has no effect on firm value.
PENGARUH STRUKTUR MODAL DAN FAKTOR LAINNYA TERHADAP NILAI PERUSAHAAN NON-KEUANGAN DI INDONESIA Anastasya, Stella Lewinsky; Tjhai, Fung Jin
E-Jurnal Akuntansi TSM Vol. 4 No. 2 (2024): E-Jurnal Akuntansi TSM
Publisher : Pusat Penelitian dan Pengabdian kepada Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34208/ejatsm.v4i2.2505

Abstract

This study aims to analyze how the capital structure, institutional ownership, managerial ownership, profitability, company size, dividend policy, and current ratio influence the firm value. The research used all companies listed on the Indonesia Stock Exchange (IDX) except for the financial sector over a 3-year period, from 2020 to 2022. Purposive sampling was employed as the sampling method, and multiple regression analysis was used for data analysis. There were 65 companies and 195 data that met the research criteria. The research findings indicate that capital structure and profitability have a positive influence on company value. High capital structure and profitability lead investors to perceive that the company has promising prospects in the future thereby increasing firm value. Company size has a negative impact on company value because having substantial but idle assets can adversely affect company performance which results decreasing firm value. However, institutional ownership, managerial ownership, dividend policy, and current ratio do not affect firm value.
PENGARUH RASIO KEUANGAN DAN FAKTOR LAINNYA TERHADAP NILAI PERUSAHAAN NON-KEUANGAN DI INDONESIA Santoso, Michael Adrian; Tjhai, Fung Jin
E-Jurnal Akuntansi TSM Vol. 4 No. 2 (2024): E-Jurnal Akuntansi TSM
Publisher : Pusat Penelitian dan Pengabdian kepada Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34208/ejatsm.v4i2.2506

Abstract

The purpose of this research is to obtain empirical evidence about the effect of return on equity, debt to equity ratio, current ratio, firm size, dividend payout ratio, managerial ownership, institutional ownership, and free cash flow on firm value. This research uses samples from all companies except financial sector listed on the Indonesia Stock Exchange (IDX) from 2019 to 2022 with 65 listed non-financial companies used as samples in this research. This sample selection used the purposive sampling method with research data with a total of 195 data and analysis using multiple linear regression. The results of this research showed that return on equity and debt to equity ratio have positive effect on firm value. Higher return on equity shows that the company is generating higher profits and the profits can exceed the cost of equity, thereby giving a positive impression to shareholders which can increase firm value. Higher debt to equity ratio means that the company is more confident about the company’s prospects and increases the management discipline in managing company’s financial, which makes investors interested in buying shares, thereby increasing firm value. Other independent variables such as current ratio, firm size, dividend payout ratio, managerial ownership, and institutional ownership have no effect on firm value.
NILAI PERUSAHAAN DI INDONESIA: PENGARUH KEPEMILIKAN INSTITUSIONAL, UKURAN PERUSAHAAN, DAN RASIO KEUANGAN Vick, Clorine; Tjhai, Fung Jin
E-Jurnal Akuntansi TSM Vol. 4 No. 4 (2024): E-Jurnal Akuntansi TSM
Publisher : Pusat Penelitian dan Pengabdian kepada Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34208/ejatsm.v4i4.2688

Abstract

This research aims to obtain empirical evidence on the effects of various independent variables on firm value, which is measured by price to book value (PBV). The object of this research includes all manufacturing companies listed on the Indonesia Stock Exchange (IDX) for a three years period from 2021 to 2023. Purposive sampling was employed as the sampling method, and multiple regression analysis was used for data analysis. There were 42 companies and 126 data that met the research criteria. The results indicate that liquidity, profitability, institutional ownership, and leverage have positive effects on firm value. This also show that high liquidity contributes to financial stability and flexibility. Profitability shows asset management efficiency. Institutional ownership improves governance. High leverage signals the company’s confidence in future prospects. Meanwhile, company size, activity ratio, dividend policy, and sales growth have no effects on firm value.
Kinerja Keuangan Dan Good Corporate Governance Terhadap Financial Distress Godnevlyn, Valencya Blesscha; Tjhai, Fung Jin
Media Bisnis Vol. 17 No. 1 (2025): Media Bisnis
Publisher : Pusat Penelitian dan Pengabdian kepada Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34208/mb.v17i1.2689

Abstract

The purpose of this research is to obtain empirical evidence about the effect of leverage, profitability, liquidity, sales growth, managerial ownership, institutional ownership, and intellectual capital on financial distress. This research sample consists of data from 75 companies operating in the cyclical and non-cyclical consumer sectors listed in Indonesia Stock Exchange (IDX) for the period 2020 - 2022. This research uses purposive sampling and using multiple regression analysis. The research results show that leverage, profitability, and liquidity have effect on financial distress. Leverage with high level of debt affecting the company’s inability to pay debts in the future, thereby increasing the risk of financial distress. High profitability is characterized by high expenses and increasing the risk of financial distress. High liquidity may increase the risk of financial distress if the company's current assets are greater than its fixed assets. Sales growth, managerial ownership, institutional ownership, and intellectual capital had no effect to financial distress.
PENGARUH KEPEMILIKAN INSTITUSIONAL, KEBIJAKAN DIVIDEN DAN RASIO KEUANGAN TERHADAP NILAI PERUSAHAAN Benita, Jessica; Tjhai, Fung Jin
E-Jurnal Akuntansi TSM Vol. 5 No. 2 (2025): E-Jurnal Akuntansi TSM
Publisher : Pusat Penelitian dan Pengabdian kepada Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34208/ejatsm.v5i2.2847

Abstract

This study aims to analyze the effect of dividend policy, investment decisions, leverage, profitability, company size, liquidity, sales growth, institutional ownership, and activity ratio on firm value. This study uses a sample of all manufacturing sector companies listed on the Indonesia Stock Exchange (IDX) during the 2021-2023 period with 44 manufacturing sector companies as samples in this study. Through purposive sampling method and analyzed with multiple linear regression. The results showed that leverage, profitability, liquidity, and institutional ownership have a positive effect on firm value. The higher leverage shows that the company is able to manage debt effectively so it can attract shareholder attention. High profitability provides a positive signal to investors regarding the profits generated by the company. A high level of liquidity indicates that the company is able to finance its short-term debt so this may increase the value of the company. Institutional ownership that increases reflects the strict supervision of investors so it can prevent management's opportunistic behavior and increase firm value. On the other hand, dividend policy, investment decisions, firm size, sales growth, and activity ratio have no effect on firm value.
Analisis Pengaruh Rasio Keuangan dan Ukuran Perusahaan terhadap Nilai Perusahaan Gunawan, Mettakalyani; Tjhai, Fung Jin
Media Bisnis Vol. 17 No. 2 (2025): Media Bisnis
Publisher : Pusat Penelitian dan Pengabdian kepada Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34208/vf57b980

Abstract

The purpose of this study is to obtain empirical evidence regarding the influence of independent variables of dividend policy, investment decisions, firm size, leverage, profitability, activity, liquidity, and sales growth on the dependent variable of firm value. In this study, the population used was manufacturing companies listed on the Indonesia Stock Exchange from 2021 to 2023 using the purposive sampling method. The data obtained were 132 sample data from manufacturing companies for the period 2021 to 2023. The test conducted in this study was multiple regression to determine whether there was an influence between the independent variables on the dependent variable. The results of this study indicate that the variables leverage, profitability, activity, and liquidity have an effect on firm value. Meanwhile, the variables dividend policy, investment decisions, firm size, and sales growth do not affect firm value.
IMPLIKASI INVENTORY COSTING TERHADAP PERHITUNGAN LABA DAN BEBAN PAJAK DI SEKTOR PERDAGANGAN Christina, Silvy; Tjhai, Fung Jin
J-ABDI: Jurnal Pengabdian kepada Masyarakat Vol. 5 No. 8 (2025): Januari 2026
Publisher : Bajang Institute

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

Abstract

Business competition in the trading sector requires entrepreneurs to have a solid understanding of accounting aspects, particularly in inventory management. Inventory is one of the most important assets, as it directly affects the determination of the cost of goods sold, profit, and tax expenses borne by the company. In practice, trading business practitioners often face difficulties in understanding the implications of choosing different inventory valuation methods, such as First In First Out (FIFO) or the Average Cost Method. In response to this issue, Trisakti School of Management organized a training program aimed at helping students understand cost calculation methods and their tax implications. The activity was conducted on August 9, 2025, and was enthusiastically attended by 41 students. The training consisted of a combination of theoretical sessions, practical exercises, and evaluations through post-tests and questionnaires. The post-event questionnaire results indicated that the training effectively enhanced students’ understanding of the material, as reflected in the high evaluation scores given by the participants. This training is expected to be conducted regularly to deepen students’ knowledge of inventory accounting and taxation from an early stage, thereby equipping them with essential skills for their future careers.
Co-Authors Anastasya, Stella Lewinsky Benita, Jessica CHRISTINA, SILVY Godnevlyn, Valencya Blesscha Gunawan, Mettakalyani Santoso, Michael Adrian Vick, Clorine Wijaya, Vanessa Natalia