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Journal : Indonesian Financial Review

The Effect of Liquidity and Capital Structure on Profitability at Pt Siantar Top Tbk 2013-2022 Period Budhiarjo, Intan Sari; Batubara, Mora Adelina; Cay, Sam
Indonesian Financial Review Vol. 5 No. 1 (2025)
Publisher : Yayasan Pendidikan Penelitian Pengabdian Al-amsi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55538/ifr.v5i1.49

Abstract

This study investigates the effect of liquidity and capital structure on profitability at PT Siantar Top Tbk from 2013 to 2022. Using a quantitative approach and multiple regression analysis, liquidity is measured by the current ratio, capital structure by the debt-to-equity ratio, and profitability by the net profit margin. The findings show that liquidity does not have a significant partial effect on profitability, while capital structure has a significant negative impact. However, both variables simultaneously influence profitability significantly. The adjusted R² value of 86.9% indicates that these financial ratios strongly explain changes in profitability. This study highlights the importance of managing debt effectively while optimizing the use of liquid assets. The results provide practical insights for financial decision-making in the consumer goods sector.
The Influence of Earnings Per Share and Return On Investment on Stock Prices in The Banking Sector Listed on IDX Budhiarjo, Intan Sari; Dewi, Iriana Kusuma
Indonesian Financial Review Vol. 5 No. 2 (2025)
Publisher : Yayasan Pendidikan Penelitian Pengabdian Al-amsi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55538/ifr.v5i2.116

Abstract

This study aims to examine the effect of Earnings Per Share (EPS) and Return on Investment (ROI) on stock prices in the banking sector listed on the Indonesia Stock Exchange. A quantitative approach is employed using secondary data from published financial statements. The sample consists of six banking companies selected from a population of 46 firms based on predetermined criteria. Data analysis includes descriptive statistics, panel data regression, hypothesis testing, and the coefficient of determination. The results show that EPS does not have a significant partial effect on stock prices, while ROI has a significant positive effect. Simultaneously, EPS and ROI significantly influence stock prices, indicating that profitability indicators play an important role in explaining stock price movements in the Indonesian banking sector.