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Pengaruh Profitabilitas dan Struktur Kepemilikan Terhadap Nilai Perusahaan Dengan Struktur Modal Sebagai Variabel InterveninG (Studi Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2012-2016) Fauzi, Fendy Ahmad; Ichawnudin, Wawan
Jurnal Riset Bisnis dan Manajemen Tirtayasa Vol 3, No 1 (2019)
Publisher : Faculty of Economics and Business - Universitas Sultan Ageng Tirtaysa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.48181/jrbmt.v3i1.9364

Abstract

This study aims to examine the effect of profitability and ownership structure on firm value with capital structure as intervening variable. The study was conducted on manufacturing companies listed on the BEI in 2012-2016 with the number of samples taken 13 companies. Data were analyzed using intervening regression and sobel test. Pursuant to result of research known profitability have positive and significant effect to firm value, managerial ownership structure have negative and significant effect to firm value, profitability have negative significant effect to capital structure, ownership structure have negative and significant effect to capital structure and capital structure have positive and significant influence to firm value
ANALISIS MODEL PREDIKSI KEBANGKRUTAN ALTMAN, ZMIJEWSKI, SPRINGATE DAN GROVER PADA INDUSTRI MANUFAKTUR SUB SEKTOR KIMIA YANG TERDAFTAR DI IDX TAHUN 2013 – 2018 Sumarna, Enang; Yazid, Helmi; Ichwanudin, Wawan
Jurnal Riset Bisnis dan Manajemen Tirtayasa Vol 4, No 2 (2020)
Publisher : Faculty of Economics and Business - Universitas Sultan Ageng Tirtaysa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.48181/jrbmt.v4i2.10006

Abstract

In the middle of a fluctuating and competitive economic climate, the industrial sector plays a very important role in supporting the economic life of a country. As an effort to provide initial information on the condition of a company, the bankruptcy prediction model is calculated. This information will be very useful for investors (shareholders) and company management. This study took a sample of the chemical sub-sector manufacturing industry which is highly dependent on fluctuations in the rupiah exchange rate against the US dollar as seen from the origin of imported raw materials and has the aim of implementing the bankruptcy score calculation, testing the consistency of previous research results, conducting different tests from the model and determining the best prediction model. Through the comparative analysis research method using the paired sample t-test, it is concluded that there are significant differences from each of the prediction models used and through two approaches, namely the comparison of calculated scores between the research period before 2019 and in 2019 with an approach based on the auditor's opinion. independent of the financial statements obtained the best model results is the prediction model Zmijewski and Grover. For further research, it can be developed by increasing the number of research samples and a more modern prediction model
Pengaruh Profitabilitas Terhadap Nilai Perusahaan Dengan Struktur Modal Sebagai Variabel Intervening (Studi pada Perusahaan Sub Sektor Otomotif dan Komponen yang Terdaftar di Bursa Efek Indonesia Periode 2013-2015) Surianingrat, Entol Muamar; Ichwanudin, Wawan
Jurnal Riset Bisnis dan Manajemen Tirtayasa Vol 3, No 2 (2019)
Publisher : Faculty of Economics and Business - Universitas Sultan Ageng Tirtaysa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.48181/jrbmt.v3i2.9370

Abstract

This research examines and discovers the influence of profitability on firm value and capital structure as mediating effect at automotive and component companies which are listed on Indonesian Stock Exchange in 2013-2015 with 12 companies as total samples. This study using path analysis to solve the problem with the help of SPSS 24. The result shows that profitability and capital structure have positive effect on firm value, profitability has negative effect on capital structure, and then capital structure has no mediating effect between profitability and firm value
Pengaruh Risiko Bank Terhadap Profitabilitas (Studi Kasus Sektor Perbankan Yang Terdaftar di Bursa Efek Indonesia Periode 2015-2020) Hermawan, Bambang; Ismail, Tubagus; Ichwanudin, Wawan
Jurnal Riset Bisnis dan Manajemen Tirtayasa Vol 5, No 2 (2021)
Publisher : Faculty of Economics and Business - Universitas Sultan Ageng Tirtaysa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.48181/jrbmt.v5i2.13082

Abstract

This study aims to examine and determine the effect of bank risk on profitability in the banking sector listed on the Indonesia Stock Exchange for the 2015-2020 period. Bank risk includes credit risk, market risk, operational risk, liquidity risk, capital risk and bankruptcy risk. The total sample is 36 banks. This study uses panel data regression analysis. The results showed that credit risk and operational risk had a significant negative effect on profitability. Market risk, capital risk and bankruptcy risk have a significant positive effect on profitability. Meanwhile, liquidity risk has no significant effect on profitability. Simultaneously, all bank risks have a significant positive effect on profitability together. The level of determination is 96.94%, while 3.06% is influenced by other variables notincluded in this study
Faktor-Faktor Yang Mempengaruhi Inklusi Keuangan (Studi Pada Mahasiswa Magister Manajemen Universitas Sultan Ageng Tirtayasa) Fitriah, Fitriah; Ichwanudin, Wawan
Jurnal Riset Bisnis dan Manajemen Tirtayasa Vol 4, No 2 (2020)
Publisher : Faculty of Economics and Business - Universitas Sultan Ageng Tirtaysa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.48181/jrbmt.v4i2.10332

Abstract

This study aims to examine and analyze the effect of organizational commitment and level of discipline on employee performance through job satisfaction as an intervening variable. The implementation of this research is expected to provide theoretical benefits for academics and practitioners for the Department of Trade, Industry, Cooperatives and Micro, Small and Medium Enterprises, Serang City. The research method uses quantitative methods by using causality, namely looking for explanations in the form of causal relationships between several concepts or variables, the researcher collects primary data using a census questionnaire technique for 75 respondents and data analysis techniques with Partial Least Square (PLS) software. The results showed that organizational commitment and level of discipline had a direct effect on performance and there was an effect after being tested with the intervening variable job satisfaction.
Peran mediasi profitabilitas dimoderasi leverage pada kepemilikan institusional terhadap nilai perusahaan: perusahaan batu bara Indonesia Widigdya, Singgih; Akhmadi, Akhmadi; Ichwanudin, Wawan
Borobudur Accounting Review Vol. 4 No. 1 (2024)
Publisher : Universitas Muhammadiyah Magelang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31603/bacr.11473

Abstract

In this study, we look at how institutional ownership affects the Price to Book Value (PBV) of Indonesian coal mining companies. Return on Assets (ROA) is the mediating variable, and Debt to Equity Ratio (DER) is the moderating variable. The study is highly relevant given the dynamic changes in financial markets, the increasing dominance of institutional investors, and the challenges associated with debt management. Additionally, regulatory changes and the pressure to enhance shareholder value necessitate an understanding of how institutional ownership, financial performance, and leverage influence company value. Using financial information from Indonesian coal mining companies that were listed between 2018 and 2023 on the Indonesian Stock Exchange, the analysis was conducted using SPSS and the Hayes Process Macro Model 58. The findings indicate that institutional ownership significantly increases firm value (PBV) through better management and stricter supervision. DER, as a moderating variable, emphasizes the importance of good debt management. The positive coefficient of financial performance on firm value indicates that better financial performance contributes to increased firm value. Overall, institutional ownership is more effective in directly enhancing firm value than through the mechanisms involving financial performance and leverage. This study provides critical insights for corporate managers, institutional investors, and policymakers on managing institutional ownership to improve company performance and value, and effectively handle financial leverage.
The Role of Profitability and Dividend Policy in Mediated and Moderate the Company Growth Relationship with Firm Value: (Case Study on Registered Insurance Sub-Sector Company On The Indonesia Stock Exchange Period 2015 – 2021) Aditia, Septian; Ichwanudin, Wawan; Purbasari, Intan
The Es Economics and Entrepreneurship Vol. 3 No. 02 (2024): The Es Economics And Entrepreneurship (ESEE)
Publisher : Eastasouth Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/esee.v3i02.389

Abstract

This study aims to determine the effect of Company Growth proxied by Earnings Growth (X) on Firm Value proxied by Price to Book Value (Y) through Profitability proxied by Return on Asset (Z) as a mediating variable and Dividend Policy proxied by Dividend Payout Ratio (M) as a moderating variable in Insurance Sub-Sector Companies listed on the Indonesia Stock Exchange for the period 2015 - 2021. The population used in this study were all Insurance Sub-Sector companies listed on the Indonesia Stock Exchange for the period 2015 - 2021. The sample of this study amounted to 11 companies from 14 total populations using purposive sampling method. The data analysis technique used in this research is Partial Least Square with the help of SmartPLS 3.0 software. The results of this study indicate that: (1) Company Growth has a positive and significant effect on Profitability, (2) Company Growth has no effect on Firm Value, (3) Profitability has a positive and significant effect on Firm Value, (4) Profitability is able to mediate the relationship between the effect of Company Growth on Firm Value, (5) Dividend Policy is unable to moderate the relationship between the effect of Company Growth on Firm Value.
Hierarchical Modelling of ESG Risk and Firm Value: A Mediation–Moderation Analysis Saputro, Tri Hijrah; Ichwanudin, Wawan; Hanifah, Imam Abu
Jurnal Bisnis Mahasiswa Vol 5 No 4 (2025): Jurnal Bisnis Mahasiswa
Publisher : PT Aksara Indo Rajawali

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60036/jbm.746

Abstract

This study examines the effect of ESG Risk Rating on firm value using a hierarchical modelling approach. The research addresses inconsistent findings in emerging markets by analyzing direct, indirect, and conditional effects. Based on balanced panel data from 13 non-financial firms listed in IDX ESG Leaders during 2020–2023, three models are tested: a baseline model, a mediation model with asset efficiency (TATO), and a moderated mediation model with profitability (ROA). The results show that ESG Risk does not have a direct significant effect on firm value, but it does have a negative indirect effect through TATO. Profitability significantly moderates the relationship between TATO and firm value, but not between ESG Risk and TATO. The moderated mediation effect is only significant at low levels of profitability. These findings suggest that ESG efforts alone do not enhance firm value unless combined with operational efficiency and financial strength. This study offers insights for firms and policymakers to align ESG practices with internal performance, thereby creating sustainable value in emerging markets.
Budget implementation performance indicators and the government's internal control system on performance accountability of government agencies Adikusumah, Kreshna; Akhmadi, Akhmadi; Ichwanudin, Wawan
Enrichment : Journal of Management Vol. 13 No. 5 (2023): December
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/enrichment.v13i5.1816

Abstract

This research uses a value for money concept approach to determine the influence of Budget Implementation Performance Indicators and the Government's Internal Control System on Performance Accountability of Government Agencies. The sample used was a Work Unit within the scope of the National Population and Family Planning Agency during the 2019-2022 fiscal year period. Data processing was carried out using the STATA Version 14.2 application. The results of the research show that statistically it is not proven that the Budget Implementation Performance Indicators have an effect on the Performance Accountability of Government Agencies, the Government Internal Control System is proven to have an effect on the Performance Accountability of Government Agencies, the Budget Implementation Performance Indicators and the Government Internal Control System are simultaneously proven to have an effect on the Performance Accountability of Government Agencies . These findings reinforce that if improvements in Budget Implementation Performance Indicators and the Government's Internal Control System are carried out simultaneously, it will improve the quality of budgeting which is economical, effective, efficient and will increase the Performance Accountability of Government Agencies in line with the concept of value for money
EXAMINING THE EFFECT OF EMOTIONAL INTELLIGENCE ON LEADERSHIP EFFECTIVENESS AND EMPLOYEE MOTIVATION Ichwanudin, Wawan
KRIEZ ACADEMY : Journal of development and community service Vol. 2 No. 2 (2025): Kriez Academy - February
Publisher : Yayasan Kreatif Indonesia Emas

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Background Organizations today operate in an increasingly volatile environment characterized by frequent crises, such as natural disasters, cyberattacks, and economic downturns. These disruptions threaten operational stability and long-term viability, emphasizing the need for effective crisis management. Organizational resilience—the ability to adapt, recover, and thrive during and after crises—is essential for sustaining success. Resilience requires a multifaceted approach, integrating proactive planning, adaptive leadership, clear communication, technological innovation, and a supportive organizational culture. This study investigates how crisis management strategies enhance resilience and provides actionable insights for improving preparedness and response. Aims The study aims to explore the role of crisis management strategies in strengthening organizational resilience. Specifically, it identifies critical factors that contribute to resilience, such as leadership, communication, technology, and collaboration. Additionally, it provides practical recommendations for organizations seeking to enhance their crisis preparedness and response capabilities. By addressing these objectives, the study bridges the gap between theory and practice in managing organizational crises. Research Method A mixed-methods approach was employed to provide a comprehensive understanding of the relationship between crisis management and resilience. Quantitative surveys were conducted with 500 professionals across diverse industries to capture trends and assess the effectiveness of crisis management practices. Complementing this, qualitative interviews with 50 leaders and employees, along with three detailed case studies, provided in-depth perspectives on real-world applications. Data analysis included statistical correlations for quantitative findings and thematic evaluations for qualitative insights, ensuring a holistic view of effective crisis management strategies. Results and Conclusion The study identifies six key strategies that enhance organizational resilience. First, proactive planning, including risk assessments and crisis simulations, was found to improve readiness for unexpected events. Second, adaptive leadership, characterized by flexibility, empathy, and vision, played a critical role in guiding teams through crises while maintaining morale. Third, effective communication—both transparent and timely—was essential for fostering trust and collaboration among employees and stakeholders. Fourth, technological integration, such as real-time monitoring systems and digital collaboration tools, enhanced agility and decision-making. Fifth, a resilient organizational culture that promotes trust, innovation, and teamwork helped sustain performance during crises. Lastly, strategic external collaborations with partners and stakeholders provided additional resources and expertise, ensuring a more robust response to complex challenges. These strategies collectively improved recovery times, employee engagement, and stakeholder trust, underscoring the strong link between crisis management and resilience. Contribution This study contributes to the understanding of organizational resilience by integrating diverse crisis management strategies into a cohesive framework. The findings offer practical guidance for organizations to enhance their preparedness, response, and recovery efforts. By applying these insights, organizations can better navigate uncertainty, safeguard stability, and sustain long-term growth, highlighting the strategic importance of crisis management in today’s complex environment.