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PENGARUH LEVERAGE, LIQUIDITY DAN NET INCOME MARGIN TERHADAP COMPANY VALUE (Studi pada Sub Sektor Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia Periode 2014-2018) Pranata, Formula Adi; Zainuddin, Zain; Ristiyana, Rida
EKONOMI BISNIS Vol. 26 No. 2 (2020): Ekonomi Bisnis
Publisher : Universitas Islam Syekh-Yusuf

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

Abstract

Tujuan penelitian ini adalah untuk mengetahui pengaruh leverage, liquidity dan net profit margin terhadap company value pada perusahaan makanan dan minuman yang terdaftar di bursa efek indonesia periode 2014-2018. Teknik pengambilan sampel melalui purposive sampling diperoleh 6 perusahaan dengan total pengamatan sebanyak 30 perusahaan dengan metode analisis data menggunakan regresi linier berganda. Hasil penelitian ini menunjukkan bahwa secara parsial leverage, liquidity, dan net profit margin tidak berpengaruh terhadap company value. Sedangkan secara simultan leverage, liquidity, dan net profit margin berpengaruh terhadap company value.
PENGARUH PROFITABILITAS, LEVERAGE DAN KEBIJAKAN DIVIDEN TERHADAP HARGA SAHAM (STUDI PADA SUB SEKTOR OTOMOTIF DAN KOMPONEN YANG SAHAMNYA DIPERJUALBELIKAN DI BURSA EFEK INDONESIA PERIODE 2012-2019) Badriah, Nina; Zainuddin, Zain
EKONOMI BISNIS Vol. 27 No. 2 (2021): EKONOMI BISNIS
Publisher : Universitas Islam Syekh-Yusuf

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33592/jeb.v27i2.2055

Abstract

Penelitian ini bertujuan untuk menguji pengaruh profitabilitas, leverage dan kebijakan dividen terhadap harga saham. Populasi yang digunakan dalam penelitian ini adalah 13 perusahaan otomotif dan komponen yang terdaftar di Bursa Efek Indonesia (BEI) sejak tahun 2012 hingga tahun 2019. Teknik pengumpulan sampel dalam penelitian ini menggunakan metode purposive sampling, yaitu pengambilan sampel penelitian dengan beberapa kriteria tertentu yang berlandaskan pada tujuan penelitian dan didapatkan sampel sebanyak 5 perusahaan. Analisis data menggunakan Analisis Regresi Linear Berganda dengan bantuan Software SPSS versi 22. Hasil Analisis menunjukkan bahwa profitabilitas berpengaruh negatif terhadap harga saham perusahaan otomotif dan komponen karena memiliki nilai signifikan 0,006 < 0,05 dan nilai thitung -2,927 > ttabel -2,028, leverage berpengaruh positif terhadap harga saham perusahaan otomotif dan komponen karena memiliki nilai signifikan 0,000 < 0,05 dan nilai thitung 4,715 > ttabel 2,028 dan kebijakan dividen tidak berpengaruh terhadap harga saham perusahaan otomotif dan komponen karena memiliki nilai signifikan 0,859 > 0,05 dan nilai thitung -0,179 < ttabel -2,028.
Pengaruh Tingkat Pengembalian Aset, Tingkat Pengembalian Ekuitas, dan Laba Per Saham terhadap Harga Saham Perusahaan Sektor Energi Setyowati, Lidya; Zainuddin, Zain; Astuti, Nita
Cakrawala: Jurnal Ekonomi, Manajemen dan Bisnis Vol. 2 No. 3 (2025): Cakrawala: Jurnal Ekonomi, Manajemen dan Bisnis
Publisher : YAYASAN PENDIDIKAN MULIA BUANA (YPMB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70451/cakrawala.v2i3.652

Abstract

Tujuan penelitian ini adalah untuk mengetahui apakah terdapat pengaruh tingkat pengembalian aset, tingkat pengembalian ekuitas dan laba per saham terhadap harga saham. Penelitian ini dilakukan pada Perusahaan sektor energi yang terdaftar di Bursa Efek Indonesia periode 2019-2023. Teknik pengambilan sampel yang digunakan menggunakan purposive sampling. Dari 64 perusahaan sektor energi yang terdaftar di Bursa Efek Indonesia diperoleh sampel sebanyak 6 perusahaan yang memenuhi kriteria dengan jumlah observasi sebanyak 30 data. Metode penelitian yang digunakan yaitu kuantitatif dengan analisis regresi data panel sebagai Teknik analisis data dan menggunakan software EViews 13, model regresi yang terbaik dalam penelitian ini adalah Random Effect Model (REM). Hasil penelitian menunjukkan bahwa variabel tingkat pengembalian aset berpengaruh negatif dan signifikan terhadap harga saham dimana nilai thitung -2.188305 > ttabel 1.70329 dan nilai signifikansi 0.0378 < 0.05, tingkat pengembalian ekuitas berpengaruh positif dan signifikan terhadap harga saham dimana nilai thitung 2.116387 > ttabel sebesar 1.70329 dan nilai signifikansi sebesar 0.0440 < 0.05, sedangkan laba per saham tidak berpengaruh signifikan terhadap harga saham dimana nilai thitung -0.215865 < ttabel sebesar 1.70329 dan nilai signifikansi sebesar 0.8308 > 0.05. Secara simultan variabel tingkat pengembalian aset, tingkat pengembalian ekuitas, dan laba per saham berpengaruh terhadap harga saham dimana nilai Fhitung 3.497425 > 2.98 Ftabel dan nilai signifikansi sebesar 0.029609 < 0.05.
Pengaruh Rasio Tingkat Pengembalian Ekuitas, Rasio Lancar dan Rasio Utang Atas Ekuitas Terhadap Harga Saham Perusahaan Properti &Real Estate yang Terdaftar di BEI 2019 – 2023 Hastika, Amanda; Zainuddin, Zain; Astuti, Nita
EKALAYA : Jurnal Ekonomi Akuntansi Vol. 3 No. 3 (2025): Ekalaya : Jurnal Ekonomi Akuntansi
Publisher : CV. Kalimasada Group

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59966/ekalaya.v3i3.2069

Abstract

This study examines the effect of return on equity ,current ratio, and debt-to-equity ratio on stock prices of property and real estate companies listed on the Indonesia Stock Exchange (IDX) during 2019–2023. Driven by inconsistent results from previous studies and the unique dynamics of the property sector during and after the COVID-19 pandemic, this study provides empirical evidence to clarify these relationships. Using panel data regression with Eviews 13, this study applies the Chow, Hausman, and Lagrange Multiplier tests to determine the best model. The results indicate that the current ratio has a negative and significant effect on stock prices, while the return on equity and debt-to-equity ratio do not show a significant effect on stock prices. The adjusted R² value of 9.9% indicates that other factors outside the model also play an important role in determining stock prices. These findings contribute to signaling theory by highlighting profitability as a key driver of investor decisions, while liquidity constraints can reduce investor confidence in the property sector. This study offers insights for investors, managers, and policymakers in formulating strategies to improve company performance and market valuation.
Implications of Implementing Cooperation with KPBU Scheme at Hang Nadim International Airport-Batam Zainuddin, Zain; Hasanah, Hani
International Journal of Economics, Management and Accounting (IJEMA) Vol. 2 No. 10 (2025): March
Publisher : Lafadz Jaya Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47353/ijema.v2i10.245

Abstract

Batam's significant economic potential in the Indonesia-Malaysia-Singapore Growth Triangle (IMS-GT), which is attributed to its strategic location near Singapore, high level of security, modern economic sector, advanced infrastructure, and large purchasing power among its population. In this research, the methodology used is autoethnography, with a focus on personal reflection and narrative analysis, with data collected through journals, participant observation and interviews. The Government Cooperation Agreement with Business Entities (GCA), is an alternative collaboration between the Person in Charge of the Cooperation Project (GCA) and the Implementing Business Entity (IBE) which is mutually beneficial for the Parties. Hang Nadim International Airport is the object of PPP cooperation from the Brown Field Project-solicited which was initiated by BP Batam as GCA. The value of the final stage investment project is estimated to be more than IDR 10 trillion. Through an auction process, it was won by a consortium consisting of PT Angkasa Pura 1 with 51% shares, Incheon International Airport (South Korea) with 30% shares, PT WIKA with 19% shares (before dilution). After 3 (three) years of operation, the public using airport services has enjoyed it a lot. The Passenger Terminal Building is better organized, services and facilities at the airport are better with a value (Level Of Service – ref. Minister of Transportation Regulation Number 178 of 2015) of more than 90%. In the near future, Terminal 2 will also be built - with more sophisticated facilities. And besides that, BP Batam as PJPK has obtained concessions each year for a minimum of IDR 50 billion+. In 2025, based on the agreement of the Parties, it will increase to IDR 90 billion+ and share the Revenue of the Cargo Terminal Building. On the other hand, BUP in the first year still suffered losses and in the second and third years it managed to make a profit. Conclusively, the PPP model is suitable for Indonesia, allowing infrastructure development without using APBN funds, improving service quality, and ensuring predictable revenues for the GCA. Apart from the advantages that have been presented, there are obstacles which cannot be addressed in this study. It is hoped that in the coming year there will be significant improvements both in the construction of Terminal 2 and other supporting facilities.