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PENGARUH FINANCIAL DISTRESS DAN LEVERAGE TERHADAP MANAJEMEN LABA (Studi Kasus Pada Perusahaan Sub sektor Farmasi Periode 2017-2021) Tania Eka Putri Tania; Syamsul Huda
Edunomic : Jurnal Ilmiah Pendidikan Ekonomi Fakultas Keguruan dan Ilmu Pendidikan Vol 11 No 2 (2023): EDISI SEPTEMBER
Publisher : FKIP Unswagati

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33603/ejpe.v11i2.18

Abstract

This study intends to investigate how financial distress and leverage affect managing profitability. The populationof this study includes all pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange for the2017-2021 period, the sample was determined by purposive sampling, namely 8 companies. The data collectiontechnique uses documentation techniques, namely collecting financial reports for the pharmaceutical sub-sectorin the 2017-2021 period. This research method uses quantitative methods with descriptive and verification dataanalysis techniques and hypothesis testing using multiple linear regression analysis models. The results show thatthe coefficient of determination (R Square) indicates that financial distress and leverage impact earningsmanagement by 20.2%, whereas other factors not included in this study influence the remaining factors. Partialhypothesis testing shows that financial distress has no effect on earnings management while leverage has asignificant effect on earnings management. Simultaneously financial distress and leverage have a significant effecton earnings management in pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange for the2017-2021 period.
PENGARUH PERSEDIAAN, INVESTMENT OPPORTUNITY SET DAN KURS VALUTA ASING TERHADAP RETURN SAHAM Siska Julian; Syamsul Huda
Edunomic : Jurnal Ilmiah Pendidikan Ekonomi Fakultas Keguruan dan Ilmu Pendidikan Vol 11 No 2 (2023): EDISI SEPTEMBER
Publisher : FKIP Unswagati

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33603/ejpe.v11i2.17

Abstract

This study aims to determine and describe the effect of inventory, investment opportunity set and foreign exchange rates.The population in this study includes all automotive and component sub-sector companies listed on the Indonesian Stock Exchange for the 2018-2021 period. Determination of the sample used in this study as a representative form of the population using a purposive sampling technique. The use of data analysis techniques in this study is descriptive and verification analysis. The selected sample data in this study were then tested using a multiple linear regression analysis model.The results of the research that has been done inform that inventory has no effect on stock returns. investment opportunity set has a significant effect on stock returns.foreign exchange rates have no effect on stock returns inventory, investment opportunity set and foreign exchange rates simultaneously have no significant effect on stock returns. The result of testing the analysis of the coefficient of determination is that the value of the coefficient of determination (Adjusted R Square) This value informs that changes in inventory, investment opportunity sets and foreign exchange rates affect changes in stock returns by 13.80% influenced by other variables outside this study.