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All Journal Nominal: Barometer Riset Akuntansi dan Manajemen Jurnal Ilmiah Akuntansi dan Humanika JAAKFE UNTAN ( (Jurnal Audit Dan Akuntansi Fakultas Ekonomi Universitas Tanjungpura) Jurnal Akuntansi dan Keuangan Juara: Jurnal Riset Akuntansi The Indonesian Accounting Review Jurnal Ilmiah Mahasiswa Ekonomi Manajemen Jurnal Tirtayasa Ekonomika (Tirtayasa Economica Journal) Jurnal Maneksi (Management Ekonomi Dan Akuntansi) Jurnal Akuntansi : Kajian Ilmiah Akuntansi (JAK) Jurnal EMT KITA AFEBI Economic and Finance Review Assets: Jurnal Akuntansi dan Pendidikan SEIKO : Journal of Management & Business PRIVE: Jurnal Riset Akuntansi dan Keuangan Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan Sosio e-kons JURNAL PENDIDIKAN TAMBUSAI JIAFE (Jurnal Ilmiah Akuntansi Fakultas Ekonomi) EQIEN - JURNAL EKONOMI DAN BISNIS JAD: Jurnal Riset Akuntansi & Keuangan Dewantara Kurs : Jurnal Akuntansi, Kewirausahaan dan Bisnis Bilancia : Jurnal Ilmiah Akuntansi JURNAL PENELITIAN EKONOMI DAN AKUNTANSI (JPENSI) JURNAL MANAJEMEN Jurnal Pendidikan dan Konseling ACCOUNTHIK : Journal of Accounting and Finance Akuntoteknologi : Jurnal Ilmiah Akuntansi dan Teknologi JURNAL AKUNTANSI KEUANGAN DAN MANAJEMEN Jurnal Ilmiah Akuntansi Kesatuan Community Development Journal: Jurnal Pengabdian Masyarakat Jurnal Riset Akuntansi dan Manajemen Malahayati (JRAMM) JRAK (Jurnal Riset Akuntansi dan Bisnis) (e-Journal) Ekobis: Jurnal Ilmu Manajemen dan Akuntansi Jurnal Ilmiah Wahana Pendidikan Transformasi Manageria: Journal of Islamic Education Management Journal of Economic, Business and Engineering (JEBE) Jurnal Abdi Masyarakat Humanis E-Jurnal Akuntansi TSM Innovative: Journal Of Social Science Research Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Journal of Ekonomics, Finance, and Management Studies Jurnal Ekonomi, Manajemen, Akuntansi Balance: Jurnal Ekonomi Jurnal Pengabdian Masyarakat
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THE EFFECT OF BUSINESS RISK, FIRM SIZE, AND SALES GROWTH ON THE CAPITAL STRUCTURE OF PROPERTY AND REAL ESTATE SECTORS PERIOD OF 2018-2020 Saphira Eka Nurfadhila; Hari Sulistiyo
JPIM (Jurnal Penelitian Ilmu Manajemen) Vol. 7 No. 1 (2022): JPIM (Jurnal Penelitian Ilmu Manajemen)
Publisher : Universitas Islam Lamongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30736/jpim.v7i1.1009

Abstract

The purpose of this study was to examine the effect of business risk, firm size, and sales growth on the capital structure of the property and real estate companies listed on the Indonesia Stock Exchange (IDX). The methodology used in this research is quantitative research with data obtained from the Indonesia Stock Exchange website (www.idx.co.id). The analytical technique used is descriptive statistics using the SPSS version 25 program. Based on the results of the study, it can be concluded that there is a significant influence between business risk and firm size with capital structure. Meanwhile, sales growth has no significant effect on capital structure. Then simultaneously or together show that business risk, firm size, and sales growth have a significant effect on capital structure.
Pengukuran Kinerja Keuangan dengan Pendekatan Value Based Management pada PT Indah Kiat Pulp & Paper Tbk Periode 2019–2024 Rafidah Kalistyaningrum; Asep Muslihat; Hari Sulistiyo
Jurnal EMT KITA Vol 10 No 4 (2026): OCTOBER 2026
Publisher : Lembaga Komunitas Informasi Teknologi Aceh (KITA), Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35870/emt.v10i4.7412

Abstract

This study aims to analyze the financial performance of PT Indah Kiat Pulp & Paper Tbk for the 2019–2024 period using Value-Based Management techniques, namely Economic Value Added (EVA) and Market Value Added (MVA). This study employs a descriptive quantitative analysis approach using secondary data obtained from PT Indah Kiat Pulp & Paper’s annual financial reports published on the Indonesia Stock Exchange. The results show that EVA consistently remained negative throughout the study period, indicating that the company has not been able to create Economic Value Added because the operating profit generated was insufficient to cover the cost of capital incurred. On the other hand, MVA remained consistently positive because the company’s market value exceeded the invested capital, indicating that the company was able to create Market Value Added and gain investor confidence. PT Indah Kiat Pulp & Paper Tbk has proven capable of creating market value for its shareholders, as reflected by its positive MVA, although it has not yet succeeded in creating economic value-added based on the EVA approach. Therefore, the company needs to improve capital efficiency and profitability in order to generate sustainable economic value-added.
Co-Authors A.A. Ketut Agung Cahyawan W Adela Wilantari Agustin, Restu Putri Ahmad Dadan Fadili Alang Buwana Nurfahlefi Mardi Taruna Almas Ghassani, Tifani Andre Hendro Wijaya Angga, Angga Arif Rakhman Aura Diva Azzahra Azizah Fauziyah Carolyn Lukita Chudjuarjeen, Saichol Dadang Rahman Munandar Dewi Setiawati Dian Agustin, Rahma Dwinanda, Salma Beinina Elga Rani Pangestu Evi Selvy Fadhila, Rizki Ainun Faris, Wisnu Miftahul Fauziah Dasuki, Poppy Ghani, Erlane K Gusganda Suria Manda Hadinegoro, Yudistira Setiadi Harfa Sugiharti Hasna Fauzia Hidayat, Rindiani Sofah Hoerunnisa, Najwa Aulia Indrianti, Wahyuni Karina, Riska Komala Dewi Kusuma Dewi Al-Ayyubi, Rizna Liya Megawati Luluah, Desi Ayanah M, Nahruddien Akbar Mabel Rahma, Tarissa Almira Mahpudin, Endang Muslihat, Asep Nanu Hasanuh Narulita, Alyana Novi Fadhila, Alfitri Novian Ekawati Novy Trianthy Noegraha Nugraha Nugraha Nurhanifah, Afifa Pratiwi, Feren Ayu Purba, Roy Octavian Putra, R. Aditya Kristamtomo Putri Pertiwi Putri Yulianti Putri, Errica A Rafidah Kalistyaningrum Rahma Nurul Khoirayanti Ramadhani, Assyfa Ramdan, Nurul Amalia Reni Rianti Prastiti Reza Abdul Choliq Firdaus Riska Amelia Riska Karina Risma Hasna Fauziyah Rulyanti Susi Wardhani Ruswinda, Karina Saidah, Hikmatia Salim Siregar Salmaa Alya Audy Rachmani Sutisna Salsabila, Tri Sugiarti Saphira Eka Nurfadhila Saputri, Ani Sherly Herlina Mirta Siallagan, Roberto Pardamean Sindiani Fatimah Siska Widia Obaita Siti Humayah Solihin Sidik Solikin Sidik Sri Suartini Sri Suhartini Suartini , Sri Subagja, Muhamad Syidik Suhono Suhono, Suhono Suhono, Suhono SULASTRI, EVA MARIA Susilo, Tri Amanda Syahbathie Sabariah Syamsul Huda Tanti Pratiwi Taruna, Alang Buwana Nurfahlefi Mardi Titi Rahmawati tri wahyuni Uswatun Hasanah Vina Arnika Amalia Putri Vina Tiara Safitri Wahyuni Indrianti Wizar Sudira Yuri Ariyanto