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Journal : Sustainable Business Journal

PENGARUH LIKUIDITAS DAN PROFITABILITAS TERHADAP STRUKTUR MODAL DENGAN PERTUMBUHAN PENJUALAN SEBAGAI VARIABEL MODERATING Muslichun Muslichun; Supramono Supramono; Indarto Indarto
Sustainable Business Journal Vol 2, No 1 (2023): MARET
Publisher : Universitas Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26623/sbj.v2i1.7012

Abstract

The existence of growth caused by changes in demand, supply, inflation and population growth results in companies needing to pay attention to their capital structure. Capital structure is a problem for companies because it affects company value. To create an optimal capital structure, it is necessary to balance debt with own capital  This study aims to analyze the partial effect of liquidity and profitability on capital structure and whether sales growth can moderate liquidity and profitability on the capital structure of Property and Real Estate listed on the Indonesia Stock Exchange for the period 2017–2020. The sample selection technique in this study uses a purposive sampling technique and the results obtained are 35 companies. The results of this study indicate that liquidity is detrimental to capital structure, while profitability does not affect capital structure. Sales growth could not moderate the liquidity and profitability of the capital structure.  
PENGARUH ARUS KAS KEGIATAN OPERASI, SIKLUS OPERASI, TINGKAT HUTANG, DAN VOLATILITAS PENJUALAN TERHADAP EARNING PERSISTENCE Lenny Nur Ikhwan; Indarto Indarto; Yuli Budiati
Sustainable Business Journal Vol 2, No 1 (2023): MARET
Publisher : Universitas Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26623/sbj.v2i1.7010

Abstract

This study aims to determine the effect of operating cash flow, operating cycle, debt level and sales volatility on earning persistence with the audit committee as a moderating variable. The population in this study consisted of 62 real estate and property sector companies listed on the Indonesia Stock Exchange with an observation period starting from 2016-2021. The sampling method used purposive sampling. The number of samples of companies that meet the research criteria are 36 companies. The data analysis technique used is multiple linear regression analysis. The statistical tool used is SPSS 23. The results showed that operating cash flow, operating cycle, level of debt had no effect on earning persistence, while sales volatility had an effect on earning persistence. The audit committee as a moderating variable is not able to moderate the effect of operating cash flow, operating cycle, and debt level, while the audit committee as a moderating variable is able to moderate the effect of sales volatility on earning persistence.Penelitian ini bertujuan untuk mengetahui pengaruh arus kas operasi, siklus operasi, tingkat hutang dan volatilitas penjualan terhadap earning persistence dengan komite audit sebagai variabel moderasi. Populasi dalam penelitian ini terdiri dari 62 perusahaan sektor real estate dan properti yang terdaftar di Bursa Efek Indonesia dengan periode pengamatan mulai dari 2016-2021. Metode pengambilan sampel menggunakan purposive sampling. Jumlah sampel perusahaan yang memenuhi kriteria penelitian adalah sebanyak 36 perusahaan. Teknik analisis data yang digunakan adalah analisis regresi linier berganda. Alat statistik yang digunakan yaitu SPSS 23. Hasil penelitian menunjukkan bahwa arus kas kegiatan operasi, siklus operasi, tingkat hutang tidak berpengaruh terhadap earning persistence, sedangkan volatilitas penjualan berpengaruh terhadap earning persistence. Komite audit sebagai variabel moderasi tidak mampu memoderasi pengaruh arus kas kegiatan operasi, siklus operasi, dan tingkat hutang, sedangkan Komite audit sebagai variabel moderasi mampu memoderasi pengaruh volatilitas penjualan terhadap earning persistence.
Co-Authors Abdurrouf, Muh Ady Irawan Ahmad Syauqi Mubarok Ahmad Zamani Ainur R. Akhmad Zidni Hudaya Alga Auraldi Andriani Noerlita Ningrum Anggie Pradana Putri Anhar Riza Antariksawan Ani Nur Fauziah Anisa Hidayati Anita Dewi Lieskusumastuti Aquartuti Tri Darmayanti Bambang Ariwahjoedi Bambang Riyono Batubara, Yongki Catur Setyorini Daryanto Daryanto Debby Rio Prasetyo Deendarlianto Dian Indriana Dony Gunawan Drajat Indah Mawarni Dwi Joko Yulianto Dyah Nirmala A.J Edy S. Endri Adi Saputra Febria Reza Kurnia Galuh Sindi Wardani Handayani, Rina Tri Heni Ernawati IGNB. Catrawedarma Indah Purnamasari Irfan Armanto Ismu H. Isnani Nurhayati Issrovianingrum, Retno Joko P.W. Joko Prayitno Joko Tri Atmojo Karmadi Karmadi Kesi Widjajanti Kiki Puspitasary Kiki Puspitasary Kiswanta Lenny Nur Ikhwan Lilik Hanifah M Mahmuddin Mandala, Marga Meliana Novitasari Mifta Aditya Muchammad Nashich M Muhamad Yuli Kartiko Muhammad Kholilur Rohman Mulya Juarsa Muslichun Muslichun Mustakim Mustakim Nabhani Nabhani Nasrul Sani Nova Rahma Widyaningrum Nurrochim Nurrochim P Purnomo Puas Cahyadi Puji Nur Rokhmatun Purnomo Purnomo Ratna Wirawati Rejo Rejo Rinandita Febri Susanti Rio Budiman Rohmi Rohmi Rony, Zahara Tussoleha Sabatun Sabatun Samsul Kamal Saras Kuntari Sinta Rismayani Sinta Tri Habsari Siti Maesaroh Sri Hartutik Sri Iswahyuni SRI LESTARI Sri Sayekti Heni Sunaryanti Sri Suparti Suminanto Suminanto Tatik Trisnowati Teguh Wibowo Tri Yuniarti Ulin Nuha Vera Setyadi Widiyanto, Aris Wiwin Winiati xueyun, Zhong Yesi Ihdina Fityatal Hasanah Yuli Budiati