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<![CDATA[Pengaruh Keputusan Investasi terhadap Nilai Perusahaan dengan Kebijakan Dividen sebagai Variabel Intervening (Studi Kasus pada Perusahaan Pertambangan yang Tercatat di BEI Periode 2015-2018) ]]>
<![CDATA[Bambang Mahmudi]]>;
<![CDATA[Enis Khaerunnisa]]>
<![CDATA[ Sains: Jurnal Manajemen dan Bisnis Vol 12, No 2 (2020) ]]>
Publisher : <![CDATA[FEB Universitas Sultan Ageng Tirtayasa ]]>
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DOI: 10.35448/jmb.v12i2.8453
<![CDATA[This research aims to test investment decisions affecting the value of the company by using the dividend policy as a intervening variable. In this study, the company's value was measured with the Price to Book Value (PBV), the investment decision measured by the Total Assets Growth (TAG), and the dividend policy was quantified by Divident Pay Out Ratio. Samples in this research are mining industry sector companies that distribute dividends listed on Indonesia Stock Exchange period 2015 – 2018. Sample determination method using purposive sampling. The methods of analysis used are classical assumption test, partial test (t test), path analysis, and Sobel test. Based on the results of the analysis data that (1) the investment decision (TAG) has a positive and insignificant effect on the company's value (PBV), (2) The investment decision (TAG) is negatively and insignificant in the dividend policy (DPR), (3) Dividend policy (DPR) affects negative and not significant to the company's value (PBV), (4) Dividend policy (DPR) is not able to distribute the influence of investment decision (TAG) on the company's value (PBV).]]>
<![CDATA[Pengaruh Struktur Kepemilikan Terhadap Nilai Perusahaan Dengan Return On Asset Sebagai Variabel Intervening (Pada Perusahaan Manufaktur Sektor Industri Dasar dan Kimia Periode 2012-2017) ]]>
<![CDATA[Ismawati Ismawati]]>;
<![CDATA[Sriyanto Sriyanto]]>;
<![CDATA[Enis Khaerunnisa]]>;
<![CDATA[Bambang Mahmudi]]>
<![CDATA[ Sains: Jurnal Manajemen dan Bisnis Vol 12, No 1 (2019): Desember ]]>
Publisher : <![CDATA[FEB Universitas Sultan Ageng Tirtayasa ]]>
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DOI: 10.35448/jmb.v12i1.6543
<![CDATA[Penelitian ini bertujuan untuk mengetahui pengaruh Struktur Kepemilikan yang diproksikan dengan Kepemilikan Institusional terhadap nilai perusahaan yang diproksikan dengan Rasio Tobin’s Q dengan Return On asset sebagai variabel intervening. Populasi dalam penelitian ini adalah seluruh perusahaan sektor industri dasar dan kimia yang terdaftar di BEI periode 2012-2017. Sampel pada penelitian ini berjumlah 22 perusahaan, dengan menggunakan metode Purposive sampling. Teknik analisis data yang digunakan dalam penelitian ini adalah analisis regresi linier berganda. Hasil penelitian (1) institusional ownership memiliki pengaruh positif dan signifikan terhadap nilai perusahaan (Tobin’s Q). (2) institusional ownership memiliki pengaruh positif dan tidak signifikan terhadap return on asset. (3) return on asset memiliki pengaruh positif dan signifikan terhadap nilai perusahaan. (4) return on asset tidak mampu memediasi pengaruh institusional ownership terhadap nilai perusahaan (Tobins Q).]]>
<![CDATA[Faktor-Faktor Yang Memperkuat dan Memperlemah Nilai Perusahaan ]]>
<![CDATA[Akhmadi Akhmadi]]>;
<![CDATA[Bambang Mahmudi]]>
<![CDATA[ Jurnal Riset Akuntansi Terpadu Vol 13, No 1 (2020): Jurnal Riset Akuntansi Terpadu ]]>
Publisher : <![CDATA[FEB Universitas Sultan Ageng Tirtayasa ]]>
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DOI: 10.35448/jrat.v13i1.7726
<![CDATA[This study aims to build a research model to overcome the gap that occurs in the effect of dividend policy on firm value by including profitability as a moderating variable. The population of this research is 69 companies. While the sample is determined by 20 companies in the LQ-45 index, determined by purposive sampling technique, data analysis using descriptive statistics, regression moderating analysis, classic assumption test, partial test and moderation test. The results of the study prove that dividend policy has a significant direct relationship to the value of the company. Likewise, the profitability performance of companies in the LQ45 index has a significant directional relationship. Profitability performance in companies in the LQ45 index is not a variable that can provide a strong response either to the strengthening or weakening of dividend policy and corporate value.]]>
<![CDATA[PENGARUH PROFITABILITAS TERHADAP HARGA SAHAM DENGAN STRUKTUR MODAL SEBAGAI VARIABEL INTERVENING DAN PERTUMBUHAN PENJUALAN SEBAGAI VARIABEL ANTESEDEN: Studi Pada Perusahaan Yang Terdaftar Di IDX30 BEI ]]>
<![CDATA[Jesicha Junia Fredelia]]>;
<![CDATA[Bambang Mahmudi]]>;
<![CDATA[Emma Suryani]]>
<![CDATA[ Jurnal Bina Bangsa Ekonomika Vol. 16 No. 1 (2023): Jurnal Bina Bangsa Ekonomika (JBBE) ]]>
Publisher : <![CDATA[LP2M Universitas Bina Bangsa ]]>
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DOI: 10.46306/jbbe.v16i1.237
<![CDATA[This research aims to find out how profitability affects Saihaim's hair with capital structure as an intervening variable and sales growth as an independent variable. The research population includes IDX30 companies that are listed on the Indonesian Stock Exchange for the 2017-2021 year. The sample is taken from as many as 12 companies using the purposive sampling method. The data analysis technique used in this research uses jailural analysis, classical assumption tests and hypothesis testing. Data analysis in this research uses SPSS for windows version 26. The results of this research show that the growth of other sales has a positive and significant effect on Profitability of 2.255, Profitability has a positive and significant effect on Saihaim's hair gain of 3.821, Profitability is not as significant as 4 structural Modifiability has a significant positive effect on water , Capital Structure has no positive and significant impact on Hairgai Saihaim by -0.525 and Profitability has another direct effect on Hairgai Saihaim by 0.562 dain Capital Structure is not an intervening variable paid for companies that are listed in IDX30 BEI Year 2017-2021).]]>
<![CDATA[Pengaruh Profitabilitas dan Leverage terhadap Harga Saham dengan PBV sebagai Variabel Intervening ]]>
<![CDATA[Alvina Anggriani]]>;
<![CDATA[Bambang Mahmudi]]>
<![CDATA[ MDP Student Conference Vol 1 No 1 (2022): The 1st MDP Student Conference 2022 ]]>
Publisher : <![CDATA[Universitas Multi Data Palembang ]]>
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<![CDATA[Abstract: The purpose of this research is to analyze the effect of Profitability and Leverage on Stock Price mediated by Price to Book Value (Case Study on Food and Beverage Subsector Manufacturing Companies Listed on the Indonesia Stock Exchange for the 2009-2018 period. The research method used is a quantitative method. The sampling technique used is purposive sampling and the number of samples is 11 companies. The analytical method used is descriptive statistics, classical assumption test, hypothesis testing, path analysis and Sobel test which are tested through the SPSS program. The results showed that the Profitability and Leverage variables had a positive and significant effect on the Stock Price, while the Price to book value variable was not able to mediate the relationship between the Profitability and Leverage variables on the Stock Price. Abstrak: Kajian ini bertujuan guna menganalisis Profitabilitas dan Leverage yang memengaruhi Harga Saham yang dimediasi oleh Price to Book Value (Studi Kasus pada Perusahaan Manufaktur Subsektor Makanan dan Minuman yang Tercatat di Bursa Efek Indonesia berperiode 2009-2018. Metode penelitian yang digunakan adalah metode kuantitatif. Teknik sampling yang dipergunakan yaitu Purposive Sampling dan sampel sejumlah 11 perusahaan. Metode analisis yang dipergunakan ialah statistik deskriptif, uji asumsi klasik, pengujian hipotesis, analisis jalur dan pengujian sobel yang diuji melalui program SPSS. Hasil kajian memperlihatkan bila variabel Profitabilitas dan Leverage memengaruhi positif dan bermakn bagi Harga Saham, lalu variabel Price to book vlue tidak mampu memediasi hubungan antara variabel Profitabilitas dan Leverage bagi Harga Saham]]>
<![CDATA[Pengaruh Likuiditas dan Leverage terhadap Kebijakan Dividen dengan Profitabilitas sebagai Variabel Intervening ]]>
<![CDATA[Allimul Ghofar]]>;
<![CDATA[Bambang Mahmudi]]>
<![CDATA[ MDP Student Conference Vol 1 No 1 (2022): The 1st MDP Student Conference 2022 ]]>
Publisher : <![CDATA[Universitas Multi Data Palembang ]]>
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<![CDATA[Abstract: This study aims to determine the effect of Liquidity proxied by CR (Current Ratio) (X1) and also Leverage proxied by DER (Debt to Equity Ratio) (X2) on Dividend Policy proxied by DPR (Dividend Payout Ratio) (Y) and Profitability which is proxied by ROA (Return On Asset) (Z) as an intervention variable in Manufacturing companies listed on the Indonesia Stock Exchange for the 2013 – 2019 period. The populatiion used in this study were all manufacturing companies listed on the lndonesia Stock Exchange for the period 2013 – 2019. The sample of this study found 26 companies out of 124 total population using purposive sampling method. The method used in this research is descriptive research, Data analysis techniques in this study are classical assumption test analysis, multiple regression analysis with SPSS, hypothesis testing using t test, Mediation test with Sobel test. Abstrak: Penelitian ini bertujuan untuk mengetahui pengaruhhLikuiditas yang diproksikan dengan CR (Current Ratio) (X1) dan juga Leverage yang diproksikan DER (Debt to Equity Ratio) (X2) terhadap Kebijakan Dividen yang diproksikan dengan DPR (Dividen Payout Ratio) (Y) dan Profitabilitas yang diproksikan dengan ROA (Return On Asset) (Z) sebagai variabel interveninggpada perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia Periode 2013 – 2019. Populasiyyang digunakan dalam penelitian ini adalah seluruh perusahaan Manufaktur yang terdaftar di Bursa Efek lndonesia periode 2013 – 2019. Sampel penelitiannini berjumlah 26 perusahaan dari 124 jumlah populasi dengan menggunakan metode purposive sampling. Metode yang digunakan dalam penelitian ini adalah penelitian deskriptif. Teknik analisis data dalam penelitian ini yaitu analisis uji asumsi klasik, analisis regresi berganda dengan SPSS, uji hipotesis menggunakan uji t, Uji Mediasi dengan uji sobel.]]>
<![CDATA[The Effect of Profitability on Dividend Policy With Liquidity as A Moderating Variable ]]>
<![CDATA[Fahri Fitriana]]>;
<![CDATA[Bambang Mahmudi]]>;
<![CDATA[Enis Khaerunnisa]]>
<![CDATA[ Jurnal Riset Akuntansi Terpadu Vol 16, No 2 (2023) ]]>
Publisher : <![CDATA[FEB Universitas Sultan Ageng Tirtayasa ]]>
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DOI: 10.35448/jrat.v16i2.22535
<![CDATA[This research aims to determine the effect of profitability, which is proxied by REturn On Asset, on dividend policy, which is proxied by the Dividend Payout Ratio, with liquidity, which is proxied by the Curent Ratio, as a moderating variable for companies included in the LQ 45 issuers listed on the BEI for the 2013 - 2022 period. The population used in this research is all companies included in the LQ 45 issuers listed on the BEI for the 2013 - 2022 period. The research sample consisted of 12 companies. The method used in this research is purposive sampling. The data analysis technique used in this research is Moderate Regression Analysis (MRA). The results of this research show that: (1) profitability as proxied by Rturn On Assets influences dividend policy as proxied by the Dividend Payout Ratio. (2) Liquidity as proxied by the Curent Ratio is able to moderate the influence of profitability on dividend policy.]]>
<![CDATA[Peran Profitabilitas dalam Memediasi Hubungan Struktur Modal dengan Return Saham dan Peran Nilai Tukar dalam Memoderasi Hubungan Profitabilitas dengan Return Saham ]]>
<![CDATA[Dien Rizka Aulia]]>;
<![CDATA[Bambang Mahmudi]]>;
<![CDATA[Ana Susi Mulyani]]>
<![CDATA[ Jurnal Akuntansi, Ekonomi dan Manajemen Bisnis Vol. 5 No. 2 (2025): Juli : Jurnal Akuntansi, Ekonomi dan Manajemen Bisnis ]]>
Publisher : <![CDATA[Pusat Riset dan Inovasi Nasional ]]>
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DOI: 10.55606/jaemb.v5i2.7161
<![CDATA[This study aims to examine the role of profitability in mediating the relationship between capital structure and stock returns, as well as the role of exchange rates in moderating the relationship between profitability and stock returns. This quantitative research employs a saturated sampling technique with a total of 36 companies, using data analysis methods including t-tests, step causal mediation tests, and Moderated Regression Analysis (MRA) with SPSS 27. The results show that capital structure has a negative effect on stock returns and also negatively affects profitability, while profitability has a positive effect on stock returns. Profitability is proven to mediate the relationship between capital structure and stock returns, whereas exchange rates do not moderate the relationship between profitability and stock returns. Theoretically, this research enriches the literature on the relationship between capital structure, profitability, and exchange rates with stock returns, particularly in the consumer goods industry sector. The practical implication of this study is to provide insights for companies in the consumer goods sector to focus on cost control strategies and profit efficiency improvements in order to enhance stock returns. The limitation of this study lies in its focus only on internal factors such as capital structure and profitability; therefore, further research is needed to explore additional factors to obtain a more comprehensive understanding.]]>
<![CDATA[The Mediating Role of Capital Structure in the Impact of Profitability and Liquidity on Firm Value ]]>
<![CDATA[Dwi Puji Astuti]]>;
<![CDATA[Bambang Mahmudi]]>;
<![CDATA[Ana Susi Mulyani]]>
<![CDATA[ Indonesian Journal of Innovation Multidisipliner Research Vol. 2 No. 3 (2024): Juli - September ]]>
Publisher : <![CDATA[Institute of Advanced Knowledge and Science ]]>
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DOI: 10.69693/ijim.v2i3.194
<![CDATA[Companies in the property and real estate sectors play a significant role in the economic growth of a country because they are among the sectors that contribute the most to investment realisation in Indonesia. A company's worth is a key indicator of its performance for businesses in the real estate and property industries. The purpose of this study is to determine how profitability and liquidity affect a company's value by using capital structure as an intervening variable. The study will focus on real estate and property sector businesses that are listed on the Indonesian Stock Exchange between 2013 and 2022. Purposive sampling is used in the study, and a sample of 14 samples from 43 property and real estate businesses are used. In this study, the application of SPSS 25 is used as a data analysis tool that will be described with descriptive statistical methods and inferential statistics. The results of the research, obtained in part, show that profitability and capital structure have a significant positive impact on the value of the company. Liquidity has a significant negative impact on company value. Profitability and liquidity have significant negative effects on capital structure. Capital structure is unable to mediate the impact of profitability on the company's value but mediates the effect of profitability on firm value.]]>
<![CDATA[Peran Profitabilitas dan Solvabilitas dalam Memediasi Hubungan Antara Ukuran Perusahaan dengan Harga Saham ]]>
<![CDATA[Khairunnisa Mulyan Utami]]>;
<![CDATA[Bambang Mahmudi]]>;
<![CDATA[Ana Susi Mulyani]]>
<![CDATA[ Indonesian Journal of Innovation Multidisipliner Research Vol. 2 No. 3 (2024): Juli - September ]]>
Publisher : <![CDATA[Institute of Advanced Knowledge and Science ]]>
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DOI: 10.69693/ijim.v2i3.197
<![CDATA[Salah satu kegiatan dalam teknologi keuangan adalah investasi di pasar saham. Harga saham pada sektor Consumer Cyclicals sangat fluktuatif dikarenakan sektor ini rentan terhadap perubahan ekonomi dan siklus bisnis. Salah satu faktor yang mempengaruhi harga saham ialah ukuran perusahaan. Hasil dari ukuran perusahaan justru mengalami tren kenaikan padahal harga sahamnya mengalami fluktuasi. Fenoemena ini bertentangan dengan Signaling Theory dimana seharusnya jika perusahaan memberi sinyal positif kepada calon investor maka harga saham dapat meningkat. Maka dari itu diperlukan variabel lain untuk memediasi ukuran perusahaan terhadap harga saham yaitu profitabilitas dan solvabilitas. Tujuan dari studi ini untuk mengetahui dampak dari Ukuran Perusahaan (X) terhadap Harga Saham (Y) melalui Profitabilitas yang diproksikan dengan Return On Equity (Z1) dan Solvabilitas yang diproksikan dengan Debt to Equity Ratio (DER) sebagai variabel mediasi pada Perusahaan Sektor Consumer Cyclicals yang terdaftar di Bursa Efek Indonesia Periode 2012 – 2022. Metode yang digunakan adalah purposive sampling 29 perusahaan yang menjadi sampel dari 69 total populasi. Uji asumsi klasik, analisis jalur, uji sobel, uji t, dan pengujian data dengan SPSS 20 merupakan teknik analisis data yang digunakan. Hasil pada studi ini menunjukkan bahwa ukuran perusahaan tidak berdampak dan tidak signifikan terhadap harga saham, ukuran perusahaan berdampak positif dan signifikan terhadap profitabilitas, ukuran perusahaan tidak berdampak dan tidak signifikan terhadap solvabilitas, profitabilitas berdampak positif dan signifikan terhadap harga saham, solvabilitas berdampak positif dan signifikan terhadap harga saham, profitabilitas mampu memediasi dampak ukuran perusahaan terhadap harga saham, dan solvabilitas tidak mampu memediasi dampak ukuran perusahaan terhadap harga saham.]]>
