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PENGARUH PROFITABILITAS, LIKUIDITAS DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SEKTOR CONSUMER CYCLICALS YANG TERDAFTAR DI BURSA EFEK INDONESIA Koesrawaty, Puspa; Makkuradde, A. Syahrul; Lutfi, Anugrah; Mattarima, Mattarima; Lawalata, Izaac
JURSIMA Vol 11 No 1 (2023): Volume 11 Nomor 1 2023
Publisher : INSTITUT TEKNOLOGI DAN BISNIS INDOBARU NASIONAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47024/js.v11i1.556

Abstract

Company value is the perception of investors and shareholders on the company's success rate which is often associated with the stock price. Because by maximizing the value of the company, it is agreed as the goal of every profit-oriented company and by increasing the value of the company means the same as maximizing the company's stock price. One of the factors that affect the value of the company is the ups and downs of profitability obtained by the company because profitability is believed to be able to determine the value of the company. Profitability is one of the most important ratios for investors when making investment decisions, this profitability ratio can describe a company's ability to use its resources to generate profits over a period of time. The purpose of this study is to determine the effect of profitability, liquidity, company size on company value in the consumer cyclicals sector listed on the Indonesia Stock Exchange. The analytical method used in this study is quantitative descriptive analysis using Multiple Linear Regression data analysis with a population of 41 companies and the number of samples used as many as 10 companies. The results of this research analysis show that profitability has a positive and significant effect on company value, while liquidity and company size have a negative and insignificant effect on company value in the consumer cyclicals sector listed on the Indonesia Stock Exchange
Changes in Consumer Behavior Through E-Payment in the Implementation of Green Economy Ar, Dhita Pratiwi; Lutfi, Anugrah; Akbar, Muhammad; Layli, Nuril; Salam, Karta Negara
Paradoks : Jurnal Ilmu Ekonomi Vol. 8 No. 1 (2025): November - Januari
Publisher : Fakultas Ekonomi, Universitas Muslim Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57178/paradoks.v8i1.1017

Abstract

In recent years, there has been a growing awareness of the importance of adopting environmentally sustainable infrastructure. The shift towards a circular economy and the increased use of digital payment methods (e-payment) have emerged as key drivers of sustainable consumer behavior. This study examines the impact of con-sumer behavior changes through the adoption of e-payment systems within the framework of green economy practices. The research was conducted in Makassar, involving a sample of 150 respondents, and analyzed using Structural Equation Modeling (SEM). The results indicate a significant relationship between consumer behavior changes and the increased use of e-payment, which in turn supports the implementation of green economy practices. The findings highlight that e-payment adoption contributes to reduced carbon emissions and the use of non-renewable resources, promoting a more sustainable and efficient economy.
BANKRUPTCY ANALYSIS USING THE GROVER AND ZMIJEWSKI METHOD AT PT ENVY TECHNOLOGIES INDONESIA TBK FOR THE PERIOD 2022-2024 Sudirman; Yahya, Muh; Lutfi, Anugrah
Jurnal Manajemen Perbankan Keuangan Nitro Vol. 1 No. 4 (2025): Special Volume for International Collaboration
Publisher : LP2M IBK Nitro

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Abstract

Bankruptcy in technology companies, both startups and public companies, is a common problem due to liquidity pressures, capital structure imbalances, failed business strategies, and external factors such as global economic turmoil and regulatory changes. This study aims to analyze the bankruptcy potential of PT Envy Technologies Indonesia Tbk using the Grover (G-Score) and Zmijewski (X-Score) models. Data are taken from the company's financial statements for the 2022–2024 period obtained through the Indonesia Stock Exchange. The analysis shows that the company is in an unhealthy financial condition, with low profitability, high debt, and weak liquidity. Although ROA improved in 2024, this condition was not enough to offset the significant financial burden. Governance issues such as alleged corruption, late financial reporting, and OJK sanctions exacerbate the situation. This study recommends comprehensive restructuring, operational efficiency, debt renegotiation, increased liquidity, a focus on core business lines, and management transparency to avoid bankruptcy or liquidation.