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The Effect of Capital Structure and Profitability on Firm Value with Dividend Policy as A Moderating Variable Monica Tasya Selvia; Desmy Riani; Diah Yudhawati
Jurnal Mahasiswa Akuntansi dan Bisnis (JMAB) Vol 5 No 1 (2026): MEI
Publisher : Program Studi Akuntansi Universitas Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32832/jharmoni.v5i1.23775

Abstract

The objective of this research is to determine how capital structure and profitability dictate firm value, alongside evaluating the moderating function of dividend policy among F&B enterprises operating on the IDX throughout the 2019–2023 period. The study specifically maps out whether dividend policy reinforces or diminishes the pathways connecting capital mix and profitability to overall corporate value. This quantitative study relied on purposive sampling to gather a research matrix consisting of 20 companies and 100 firm-year observations across five years. The underlying secondary data, including annual reports and fully audited financial records, were retrieved from individual corporate web portals and the official IDX platform, compiled through structured documentation techniques. Hypotheses were verified through panel data regression using a Moderated Regression Analysis (MRA) model. The statistical outcomes conclude that: (1) Capital Structure has no significant effect on Firm Value, (2) Profitability has a positive and significant effect on Firm Value, (3) Dividend Policy is unable to moderate the effect of capital structure on firm value, (4) Dividend Policy is able to moderate the effect of profitability on firm value in a weakening direction
Analisis Growth Opportunity, Leverage, Likuiditas, Dan Firm Size Terhadap Keputusan Hedging Pada Perusahaan Perbankan Cindy Apriliani; Diah Yudhawati; Angga Prasetia
Jurnal Ekonomi dan Bisnis Digital Vol. 2 No. 2 (2024): Oktober - Desember
Publisher : CV. ITTC INDONESIA

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Abstract

This study aims to determine the effect of growth opportunity, leverage, liquidity, and firm size on hedging decisions in banking companies listed on the Indonesia Stock Exchange during the 2019-2023 period. The data used is secondary data obtained from the Indonesia Stock Exchange. The sample selection was carried out using purposive sampling technique, where 15 companies that met the criteria were selected based on characteristics relevant to the research objectives. The research method used is logistic regression analysis because the data used are metric and non-metric. The results of simultaneous testing, based on the Omnibus Test of Model table, show that there is a significant influence of growth opportunity, leverage, liquidity, and firm size on hedging decisions in banking companies. Partially, the growth opportunity variable has no effect on hedging decisions in banking companies. The leverage variable has a significant effect on hedging decisions in banking companies. The liquidity variable has a significant positive effect on hedging decisions in banking companies. The firm size variable has a significant positive effect on hedging decisions in banking companies.
Analisis Faktor Fundamental Terhadap Return Saham (Studi Kasus Pada Sub Sektor Telecommunication yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2017-2023) Septi Wulandari; Diah Yudhawati; Angga Prasetia
Jurnal Akuntansi Keuangan Dan Perpajakan | E-ISSN : 3063-8208 Vol. 2 No. 2 (2025): Oktober - Desember
Publisher : GLOBAL SCIENTS PUBLISHER

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Abstract

The aim of this research is to determine the effect of Total Assets Turnover (TAT), Net Profit Model (NPM), and Debt to Equity Ratio (DER) on stock returns in telecommunications subsector companies listed on the Indonesia Stock Exchange (BEI) for the 2017-2023 period. The population in this study consisted of 5 telecommunications subsector companies listed on the Indonesia Stock Exchange (BEI) for the 2017-2023 period. The sampling technique uses the purpose sampling method. The type of data used in this research is quantitative data with descriptive analysis, panel data regression, classical assumption test, multiple linear regression test, hypothesis test and coefficient of determination test. The selected model is the Common Effect Model (CEM). The research results show that Total Asset Turnover (TAT (X1)) and Debt to Equity Ratio (DER(X3)) partially have no significant effect on stock returns, while Net Profit Margin (NPM (X2)) partially has a significant effect on stock returns. Simultaneous data analysis shows that Total Asset Turnove (TAT (X1)), Net Profit Margin (NPM (X2)), and Debt to Equity Ratio (DER (X3)) have a significant effect on stock returns.
Analisis Pertumbuhan Penjualan dan Return On Asset Terhadap Harga Saham Pada Perusahaan Otomotif dan Komponen yang Terdaftar di BEI Periode 2017-2023 Septa Anggraeni; Titing Suharti; Diah Yudhawati
Jurnal Akuntansi Keuangan dan Bisnis Vol. 2 No. 2 (2024): Juli - September
Publisher : CV. ITTC INDONESIA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62379/jakbs.v2i2.1370

Abstract

This study aims to determine the effect of sales growth and return on assets on stock prices in automotive and component companies listed on the IDX for the period 2017-2023. The data collection technique used in this research is using the documentation method and the literature method. The data analysis method used in this research is panel data multiple regression analysis technique. The population in this study were 14 automotive and component companies listed on the IDX, the sample results that met the sample withdrawal criteria with the purposive sampling method in this study were 6 automotive and component companies listed on the IDX. The results of this study state that partially sales growth has no significant effect on stock prices. Return on assets has a significant effect on stock prices. Sales growth and return on assets simultaneously have a significant effect on stock prices.
Pengaruh Inflasi Dan Suku Bunga Terhadap Return Saham Perusahaan Perbankan Yang Terdaftar Di BEI (Periode 2020-2025) Nida Ussyaripah Khoerul Akilah; Diah Yudhawati; Yudiana Yudiana; Ofan Maulana Yudista
Journal of Business Economics and Management | E-ISSN : 3063-8968 Vol. 3 No. 1 (2026): Juli - September
Publisher : GLOBAL SCIENTS PUBLISHER

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Abstract

This study aims to analyze the effect of inflation and interest Rates on stock Returns of banking companies listed on the Indonesia Stock Exchange for the 2020–2025 period using quantitative methods and secondary data obtained from official publications of Bank Indonesia, the Indonesia Stock Exchange, and Yahoo Finance. The population in this study includes all banking companies listed on the Indonesia Stock Exchange, while the research sample was selected using a purposive sampling technique based on the criteria of data completeness, active stock trading, and consistent positive stock Returns during the observation period. The variabel s used consist of the independent variabel s, namely inflation and interest Rates, and the dependent variabel , namely stock Returns. Data analysis was conducted through a series of model specification tests, classical assumption tests, and panel data regression analysis using the Common Effect Model. The results show that inflation has no significant effect on banking stock Returns, while interest Rates have a significant effect on banking stock Returns. Simultaneously, inflation and interest Rates have a significant effect on stock Returns of banking companies listed on the Indonesia Stock Exchange for the 2020–2025 period.
Pengaruh Profitabilitas dan Ukuran Perusahaan Terhadap Struktur Modal pada Sub Sektor Teknologi yang Terdaftar di Bei (Periode 2021-2025) Ahmad Damar N H; Diah Yudhawati; Yudiana Yudiana
Jurnal Ekonomi dan Bisnis Digital Vol. 4 No. 1 (2026): Juli - September
Publisher : CV. ITTC INDONESIA

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Abstract

This study aims to analyze the profitability and company size of the capital structure of technology sub-sector companies listed on the Indonesia Stock Exchange for the period 2021-2025 using quantitative methods and secondary data obtained from official publications of the Indonesia Stock Exchange (IDX). The population in this study includes technology sub-sector companies listed on the Indonesia Stock Exchange, while the research sample was selected using purposive sampling techniques based on data completeness criteria, did not suffer losses for more than 1 year, and used rupiah currency. The variables used consist of independent variables, namely profitability and company size and bound variables, namely capital structure. Data analysis was carried out through a series of model specification tests, classical assumption tests, and panel data regression analysis using the Random Effect Model. The results of the study show that profitability does not have a significant effect on the capital structure, while the size of the company has a negative and significant effect on the capital structure. Simultaneously, profitability and company size together have a significant effect on the capital structure of technology sub-sector companies listed on the Indonesia Stock Exchange for the 2021-2025 period.
Co-Authors ., Asti Marlina ., Budihardjo ., Budiharjo Achmad, Ardyansyah Armanda Saputra Adawiyah, Siti Robiatul Adilla Zahratul Hilmi Agung Wibowo Ahmad Damar N H Ahmad Zulfikar Akbar, Savira Alarsy, Alfi Arrahman Alsalbiyah, Neng Nur Alya Putri Khairunnisa Andini Novia Wulandari Angga Prasetia Angga Prasetia Anggraeni, Dea Lirista Anjari, Adzkia Puspa Anuraga Kusumah Apriyani, Ria Ari, Silvia Asti Marlina Aulia Zahra Azhar Fikri Andhika Azolla Degita Azis Berliani Fatimah Cindy Apriliani Damayanti, Lusi damayanti, muthia Denia Maulani Diyah Novitasari Drajat, Romi Aditiya Edwin Darmawan Darmawan fahrudin Fatimah, Berliani Fauzan, Irfan Hadi Fina Adlia Firdaus, M. Azis Ginting, Adilla Zahratul Handayani, Laras Ayu Fitri Hurriyaturrohman Hurriyaturrohman Hurryaturrohman Ida Farida Ijudin Imran, Ulfa Mahfiah Ismawardhani, Mutiara Ismawati Ismawati Isnadia, Inggit Julianto ., Julianto Kapriadi, Delfa Khotijah, Nur Zulfa Kurniasih, Dina Lestari, Lian Asti Lubis, Vivi Alda Indah M. Ali Fikri M. Imam Sundarta M. Zakie Hanifan Maida Ayu Putri Masruri, M. Anwar Maulida, Denia Mentari, Veny Monica Tasya Selvia Mubarok, A. Muhamad Azis Firdaus Muhammad Fadly Prambudi Muhammad Nur Rizqi Mukhtaram, M. Ardyan Mulyani, Echa Tania Nasution, Armansyah Nasution, Halimatussa' diah Niati, Atikah Indah Nida Ussyaripah Khoerul Akilah Novi Yanti Novianto, Deri Novita Ika Dyamayanti Nur azizah Azizah Nurasila, Ersah Nurhayati, Immas Nurmaalasari, Siti Ofan Maulana Yudista Pebi Silpiawati Prasetyowati, Riris Aishah Purnama, Risky Putra, Riki Ade Putri Widianti Putri, Mahrani Putri, Yucke Olviani Rachmatulaily K.R Rahayu, Sari Rahmat Mulyana Dali Ramadan, Dicky Ramadhanty, Dini Rasiman Rasiman Renea Shinta Aminda Saidah, Latifatus Saidah, Rina Salman, Vaina Hanin Salwa Salsabila Saputra, Muhammad Meigie Septa Anggraeni Septi Wulandari Septianti, Ajeng Septy Putri Andini Sherlina Ayu Dwi Miliyani Sholahuddin, Mohammad Siami, Astri Sifha Hafidza Silfy Ayu Rahmawati Siti Nur Maulani Siti Nur Maulani Siti Rossy Aida Supramono Syahrani Arselia Putri Syahrum Agung Syamsiar, Syamsiar Titing Suharti Triana, Elida Verni Asvariwangi Vina Sulistia Damayanti Widiya, Dede Wijaya, Alni Novianti Yulyawati, Suci Yunita . Zahra, Ghinayatul