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Pengaruh Aktivitas, Struktur Modal, Likuiditas Dan Ukuran Perusahaan Terhadap Pertumbuhan Perusahaan Pada Emiten Sektor Transportasi Dan Logistik Tahun 2017-2021 Tesya Faradilla; Irham Lihan; Ahmad Faisol
BULLET : Jurnal Multidisiplin Ilmu Vol. 2 No. 5 (2023): BULLET : Jurnal Multidisiplin Ilmu
Publisher : CV. Multi Kreasi Media

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Abstract

This study will look at the effects of activity, capital structure, liquidity, and firm size on company growth in the transportation and logistics sector for the period from 2017 to 2021. In this analysis, the population corresponds to the sector issuers for logistics and transportation from 2017 to 2021. The purposive selection method was used to choose the research sample, which consisted of 12 firms that would be the focus of the investigation. The Indonesian Stock Exchange provided the secondary data for the research. In this study, the analytic method included the use of descriptive statistics, classical assumption testing, panel data regression analysis testing, model testing and hypothesis testing. The dependent variable being assessed is sales growth, while the independent variables are working capital turnover, long term debt to equity ratio, the current ratio, and the logarithm of total assets. This study's conclusion is that, at a level of significance of 5%, activity, capital structure, and firm size all positively affect company growth. While the company growth is unaffected by liquidity.
Implementasi Pendekatan Shari'a Compliant Assets Pricing Model dalam Pembentukan Portofolio Optimal Saham Syariah Amalia Ratna Sari; Ernie Hendrawaty; Ahmad Faisol
FINANSIA : Jurnal Akuntansi dan Perbankan Syariah Vol 4 No 1 (2021): FINANSIA : Jurnal Akuntansi dan Perbankan Syariah
Publisher : Fakultas Ekonomi Dan Bisnis Islam IAIN Metro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/finansia.v4i1.3060

Abstract

Instrumen investasi pasti memiliki risiko yang menjadi pertimbangan bagi para investor. Sedangkan untuk menganalisis risiko yang ada para investor masih memiliki kemampuan yang relatif terbatas. Hal ini bisa mempengaruhi investor untuk mengambil keputusan dalam berinvestasi. Penelitian ini bertujuan untuk mengetahui komposisi portofolio optimal saham dan besarnya proporsi dana pada masing-masing saham menggunakan pendekatan Shari’a Compliant Assets Pricing Model yaitu mengganti risk free dengan SBIS (Serifikat Bank Indonesia Syariah). Penelitian ini memiliki populasi sebanyak 17 saham yang tergabung dalam JII 30 secara berturut-turut pada tahun 2016−2018. Hasil penelitian menunjukkan terdapat 9 saham yang masuk dalam portofolio optimal serta proporsi dana yang terbentuk yaitu: ICBP sebesar 21,30%, ADRO sebesar 15,67%, ASII sebesar 12,73%, UNTR sebesar 12,35%, INCO sebesar 10,95%, INDF sebesar 10,79%, UNVR sebesar 8,562%, TLKM sebesar 7,354%, dan KLBF sebesar 0,294%,
The Effect of Environmental Performance on Firm Value with Profitability as a Mediating Variable: An Empirical Study of SRI-KEHATI Indexed Companies Listed on the Indonesia Stock Exchange (2021–2023) Putri Asrar Fenani; Ahmad Faisol
Journal of Innovative and Creativity Vol. 5 No. 2 (2025)
Publisher : Fakultas Ilmu Pendidikan Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/joecy.v5i2.611

Abstract

This study aims to examine the effect of environmental performance on firm value with profitability as a mediating variable in companies included in the SRI-KEHATI index on the Indonesia Stock Exchange during the 2021–2023 period. Environmental performance is measured using the PROPER score published by the Ministry of Environment and Forestry, profitability is measured by Return on Equity (ROE), and firm value is measured using the Tobin’s Q ratio. This research uses a quantitative method with secondary data obtained from annual reports and PROPER reports of the companies. The research sample was selected using purposive sampling technique, resulting in 6 companies with 18 observations over three years. Data analysis was performed using panel data regression and the Sobel Test for mediation analysis. The results show that environmental performance does not have a significant effect on company profitability, indicating that efforts to improve environmental performance have not been able to provide a direct impact on company profits in the short term. Conversely, profitability is proven to have a positive and significant effect on firm value, confirming that companies with high profitability are more valued by the market. Testing the direct effect of environmental performance on firm value also shows insignificant results, although the direction of the effect is positive. However, the Sobel mediation test results show that profitability significantly mediates the effect of environmental performance on firm value. This means that an increase in environmental performance followed by an increase in profitability will have a positive impact on firm value. This research implies that the integration of environmental and financial strategies is very important in efforts to create sustainable firm value. The limitation of this study lies in the short observation period and the exclusion of other control variables that may affect firm value.