Article Per Year (5 Year)
p-Index From 2021 - 2026
2.636
P-Index
This Author published in this journals
All Journal Buletin Udayana Mengabdi MATRIK: JURNAL MANAJEMEN, STRATEGI BISNIS, DAN KEWIRAUSAHAAN Jurnal Ilmu Sosial dan Humaniora Jurnal Keuangan dan Perbankan Jurnal Minds: Manajemen Ide dan Inspirasi International Journal of Supply Chain Management JIA (Jurnal Ilmiah Akuntansi) Journal Of Business, Finance, and Economics (JBFE) Journal of Social And Economics Research Return : Study of Management, Economic and Bussines Inisiatif: Jurnal Ekonomi, Akuntansi Dan Manajemen Epaper Bisnis: International Journal Entrepreneurship and Management journal of social and economic research E-Jurnal Manajemen
Luh Gede Sri Artini
Fakultas Ekonomi Dan Bisnis Universitas Udayana
Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Engineering Environmental Science Industrial & Manufacturing Engineering Law, Crime, Criminology & Criminal Justice Social Sciences Transportation

Published : 20 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 20 Documents
Search

 1   2 
Revisiting Investor Behaviour in Risky Investment Decision Making Ni Putu Ayu Darmayanti; Ni Luh Putu Wiagustini; Luh Gede Sri Artini; Ica Rika Candraningrat
Jurnal Minds: Manajemen Ide dan Inspirasi Vol 9 No 1 (2022): June
Publisher : Management Department, Universitas Islam Negeri Alauddin Makassar, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24252/minds.v9i1.26690

Abstract

The number of studies into behavioral finance has increased during the last two decades. However, literature about how behavioral factors determine risky investment decisions still needs to be reviewed from the behavioral finance theory point of view. This paper deals with behavioral research in finance and some aspects of investor behavior when making investment decisions about risky assets. Library research was conducted and then presented using a descriptive form of theoretical exposure. Based on the perspectives of the prospect theory, the literature reviewed in this paper provides results about individuals' financial literation, risk tolerance, and personality in determining motivation to choose risky investments. The conclusions show that behavioral finance exists, and people may be irrational when making investment decisions about risky assets.
Competitive Advantage and Intellectual Capital as Mediators of the Influence of Corporate Governance on Firm Value Gede Putu Agus Jana Susila; I. B. Anom Purbawangsa; Henny Rahyuda; Luh Gede Sri Artini
Jurnal Ilmiah Akuntansi Vol 8 No 1 (2023)
Publisher : Universitas Pendidikan Ganesha

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23887/jia.v8i1.59442

Abstract

This study aims to test and explain the relationships between corporate governance, firm values, competitive advantage, and intellectual capital. This research is explanatory research using quantitative research designs conducted on companies participating in the Asean Corporate Governance Scorecard assessment from six countries, namely Indonesia, Malaysia, Thailand, Singapore, the Philippines and Vietnam during 2019 to 2021. The total population in this study was 135 companies based on ASEAN asset classes per Country, 2019, namely: 10 companies for Indonesia, 37 companies for Malaysia, 19 companies for the Philippines, 26 companies for Singapore, 42 companies for Thailand, 1 company for Vietnam. ASEAN asset class award recipients consist of diverse companies from the financial, industrial, goods and services, consumer, property, energy, telecommunications and media sectors. The results show that (1) corporate governance have a negative effect on the company's firm value, (2) corporate governance have a positive effect on competitive advantage, (3) corporate governance have a positive influence on intellectual capital, (4) intellectual capital have a positive effect on firm value, (5) intellectual capital has a positive influence on competitive advantage, and (6) competitive advantage v has a positive effect on firm value.
PENGARUH LIKUIDITAS DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL INTERVENING Komang Risa Widi Utami; Luh Gede Sri Artini
Journal of Social and Economics Research Vol 6 No 1 (2024): JSER, June 2024
Publisher : Ikatan Dosen Menulis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54783/jser.v6i1.460

Abstract

Salah satu cara mengukur nilai perusahaan adalah Price to Book Value (PBV). Price to Book Value merupakan salah satu rasio keuangan yang cukup representative untuk melihat penciptaan nilai oleh suatu perusahaan. Semakin tinggi rasio Price to Book Value maka semakin berhasil perusahaan menciptakan nilai (return) bagi pemegang saham. Tujuan dari penelitian ini adalah untuk menganalisis pengaruh likuiditas dan profitabilitas terhadap nilai perusahaan dengan kebijakan dividen sebagai variabel intervening. Penelitian ini dilakukan pada perusahaan manufaktur subsektor makanan dan minuman yang terdaftar di Bursa Efek Indonesia (BEI) periode 2018 – 2022, jumlah sampel yang digunakan yaitu 10 perusahaan dengan metode penentuan sampel purposive sampling, yaitu metode penentuan sampel dengan menggunakan beberapa kriteria. Jenis penelitian ini adalah penelitian kuantitatif dan data yang digunakan dalam penelitian ini adalah data sekunder. Teknik analisis yang digunakan dalam penelitian ini adalah regresi linier berganda dan analisis jalur (path analysis). Hasil penelitian menunjukkan bahwa likuiditas berpengaruh signifikan dan positif terhadap nilai perusahaan. Profitabilitas dengan berpengaruh tidak signifikan dan negatif terhadap nilai perusahaan. Likuiditas berpengaruh tidak signifikan dan negatif terhadap kebijakan dividen. Profitabilitas berpengaruh signifikan dan positif terhadap kebijakan dividen. Kebijakan dividen berpengaruh signifikan dan positif terhadap nilai perusahaan. Likuiditas tidak berpengaruh signifikan terhadap nilai perusahaan melalui kebijakan dividen. Dan profitabilitas berpengaruh signifikan terhadap nilai perusahaan melalui kebijakan dividen. Implikasi penelitian ini adalah para investor harus lebih teliti dalam memilah dan menganalisis faktor – faktor yang mempengaruhi nilai perusahaan serta kebijakan dividen suatu perusahaan dalam memaksimalkan keuntungan dan meminimalkan risiko yang kemungkinan dapat terjadi.
Pengaruh Free Cash Flow, Kepemilikan Manajerial, dan Kepemilikan Institusional Terhadap Kebijakan Dividen Diva Aura Putri Wiyanto; Luh Gede Sri Artini
Journal Of Business, Finance, and Economics (JBFE) Vol 5 No 2 (2024): Journal Of Business, Finance, and Economics (JBFE)
Publisher : Universitas Veteran Bangun Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32585/jbfe.v5i2.5764

Abstract

Dividends are one of the reasons investors make investments, but there are very few property and real estate companies that distribute dividends regularly. This study aims to test and explain the effect of free cash flow, managerial ownership, and institutional ownership on dividend policy. Secondary data in this study were obtained from the official website of the Indonesia Stock Exchange. The population in this study were property and real estate companies for the 2019-2023 period with a sample of 7 companies taken using the purposive sampling method. The analysis technique used was multiple linear regression analysis. The findings of this study are that free cash flow partially has no effect on dividend policy. A high percentage of managerial ownership has a positive impact on the amount of dividends distributed. High institutional ownership can minimize agency costs and increase the amount of dividends distributed.
Pengaruh Leverage, Likuiditas, Rasio Aktivitas dan Sales Growth Terhadap Financial Distress Ni Made Adelia Putri; Luh Gede Sri Artini
Inisiatif: Jurnal Ekonomi, Akuntansi dan Manajemen Vol. 4 No. 2 (2025): April : Inisiatif : Jurnal Ekonomi, Akuntansi dan Manajemen
Publisher : Universitas 45 Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30640/inisiatif.v4i2.3948

Abstract

Financial distress refers to a gradual decline in financial condition. This stage appears before the company faces the risk of bankruptcy or liquidation, which starts with the company's inability to meet its financial obligations. This study aims to test and analyze the effect of leverage, liquidity, activity ratio, and sales growth on financial distress. The research was conducted in transportation and logistics sector companies listed on the Indonesia Stock Exchange for the period 2020 - 2023 with a total sample used of 23 companies or 92 total observations with the sample withdrawal method using the non probability sampling method. The data analysis technique uses logistic regression analysis using SPSS software. The results showed that the activity ratio variable had a negative and significant effect on financial distress in transportation and logistics sector companies, while the variables of leverage, liquidity and sales growth were not significant to financial distress. This shows that the smaller the value of total asset turnover increases the possibility of the company experiencing financial distress because it shows the company's inability to generate sales in proportion to the costs incurred for the assets it invests in.
The Role of Culture in Business Sustainability in Resource Based Theory: A Comprehensive Review Kadek Wulandari Laksmi P; Ida Bagus Anom Purbawangsa; I Gde Kajeng Baskara; Luh Gede Sri Artini
Jurnal Ilmu Sosial dan Humaniora Vol 13 No 3 (2024)
Publisher : Universitas Pendidikan Ganesha

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23887/jish.v13i3.80726

Abstract

Sustainability has become a critical concern for businesses across the globe, driven by a range of stakeholder demands and the need to address pressing environmental and social challenges. While the focus on sustainability is important, it is crucial to consider the potential drawbacks of prioritizing culture in business sustainability within the context of resource-based theory. Some argue that overly emphasizing culture in sustainability efforts can lead to a lack of focus on other important factors, such as technological innovation and economic considerations. This paper aims to explore the impact of organizational culture on sustainable business practices and competitive advantage and develop a framework for aligning them to drive long-term success. The approach includes conducting a systematic literature review using the Scopus database. The results are a comprehensive analysis of the role of organizational culture in sustainable business practices and the implications for resource-based theory. In conclusion, organizational culture plays a significant role in sustainable business practices and can contribute to competitive advantage. Future research must explore how to balance cultural factors with other strategic considerations. Additionally, the study emphasizes the importance of inclusive leadership and diversity management in fostering a culture of inclusivity and belonging, which is crucial for sustainable development and long-term organizational success.
The Effect Of Profitability, Liquidity, Leverage, And Firm Size On Stock Returns: A Study on Manufacturing Sector Companies Listed on the Indonesia Stock Exchange Ni Desak Made Amanda Pransiska; Luh Gede Sri Artini
ePaper Bisnis : International Journal of Entrepreneurship and Management Vol. 2 No. 2 (2025): ePaper Bisnis : International Journal of Entrepreneurship and Management
Publisher : Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/epaperbisnis.v2i2.365

Abstract

Stock return refers to the income received by investors from their investment in a firm, either directly or through a securities firm. The level of stock return is crucial in investment analysis as it serves as a key indicator for investors in evaluating the performance and profit potential of a stock. This study aims to examine the effect of profitability, liquidity, leverage, and firm size on stock returns in manufacturing sector companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2023 period. The sampling technique used was purposive sampling, resulting in a sample of 65 companies. Data analysis techniques employed include descriptive statistics and inferential statistics, processed using IBM SPSS 25. The findings indicate that profitability has a significant positive effect on stock return, liquidity has a significant positive effect, leverage has a significant negative effect, and firm size also has a significant positive effect on stock return. The implications of this study are expected to provide empirical contributions regarding the influence of these variables on stock returns and to offer managerial insights and additional references for corporate decision-making aimed at increasing stock returns.   Keywords: stock return, profitability, liquidity, leverage, firm size
PENGARUH LIKUIDITAS DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL INTERVENING Komang Risa Widi Utami; Luh Gede Sri Artini
Journal of Social and Economics Research Vol 6 No 1 (2024): JSER, June 2024
Publisher : Ikatan Dosen Menulis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54783/jser.v6i1.460

Abstract

Salah satu cara mengukur nilai perusahaan adalah Price to Book Value (PBV). Price to Book Value merupakan salah satu rasio keuangan yang cukup representative untuk melihat penciptaan nilai oleh suatu perusahaan. Semakin tinggi rasio Price to Book Value maka semakin berhasil perusahaan menciptakan nilai (return) bagi pemegang saham. Tujuan dari penelitian ini adalah untuk menganalisis pengaruh likuiditas dan profitabilitas terhadap nilai perusahaan dengan kebijakan dividen sebagai variabel intervening. Penelitian ini dilakukan pada perusahaan manufaktur subsektor makanan dan minuman yang terdaftar di Bursa Efek Indonesia (BEI) periode 2018 – 2022, jumlah sampel yang digunakan yaitu 10 perusahaan dengan metode penentuan sampel purposive sampling, yaitu metode penentuan sampel dengan menggunakan beberapa kriteria. Jenis penelitian ini adalah penelitian kuantitatif dan data yang digunakan dalam penelitian ini adalah data sekunder. Teknik analisis yang digunakan dalam penelitian ini adalah regresi linier berganda dan analisis jalur (path analysis). Hasil penelitian menunjukkan bahwa likuiditas berpengaruh signifikan dan positif terhadap nilai perusahaan. Profitabilitas dengan berpengaruh tidak signifikan dan negatif terhadap nilai perusahaan. Likuiditas berpengaruh tidak signifikan dan negatif terhadap kebijakan dividen. Profitabilitas berpengaruh signifikan dan positif terhadap kebijakan dividen. Kebijakan dividen berpengaruh signifikan dan positif terhadap nilai perusahaan. Likuiditas tidak berpengaruh signifikan terhadap nilai perusahaan melalui kebijakan dividen. Dan profitabilitas berpengaruh signifikan terhadap nilai perusahaan melalui kebijakan dividen. Implikasi penelitian ini adalah para investor harus lebih teliti dalam memilah dan menganalisis faktor – faktor yang mempengaruhi nilai perusahaan serta kebijakan dividen suatu perusahaan dalam memaksimalkan keuntungan dan meminimalkan risiko yang kemungkinan dapat terjadi.
PENGARUH PROFITABILITAS, LIKUIDITAS, NILAI PASAR, LEVERAGE DAN AKTIVITAS PERUSAHAAN TERHADAP RETURN SAHAM Ni Nyoman Tia Surya Ningsih; Luh Gede Sri Artini
E-Jurnal Manajemen Vol. 14 No. 11 (2025)
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24843/EJMUNUD.2025.v14.i11.p03

Abstract

Penelitian ini bertujuan untuk menganalisi pengaruh profitabilitas, likuiditas, nilai pasar, leverage, dan aktivitas perusahaan terhadap return saham. Pengembalian saham atau return saham merupakan tingkat keuntungan yang akan diperoleh oleh investor yang menanamkan dananya di pasar modal. Teori yang melandasi penelitian ini merupakan teori sinyal. Penelitian ini dilakukan pada 15 sampel Perusahaan subsektor asuransi yang terdaftar di Bursa Efek Indonesia (BEI) periode 2021-2023. Jenis penelitian ini asosiatif dengan pendekatan kuantitatif menggunakan sumber data berupa laporan keuangan yang diperoleh dari web resmi Bursa Efek Indonesia (BEI). Data diolah menggunakan software program Statistical Product and Service Solutions (SPSS) versi 25.0. Hasil penelitian ini menunjukkan profitabilitas yang diukur menggunakan Return On Equity (ROE) berpengaruh positif signifikan terhadap return saham, likuiditas yang diukur menggunakan Current Ratio (CR) berpengaruh negatif signifikan terhadap return saham, nilai pasar yang diukur menggunakan Earning per Share (EPS) berpengaruh negatif signifikan terhadap return saham, leverage yang diukur menggunakan Debt to Equity Ratio (DER) tidak berpengaruh terhadap return saham, dan aktivitas pasar yang diukur menggunakan Total Asset Turnover (TATO) tidak berpengaruh terhadap return saham. Penelitian ini memberikan manfaat untuk membantu investor dan emiten memahami faktor-faktor fundamental yang memengaruhi pengembalian saham.   This study aims to analyze the effect of profitability, liquidity, market value, leverage, and company activity on stock returns. Stock return refers to profit earned by investors in the capital market. The underlying theory is signal theory. This research was conducted on 15 insurance subsector companies listed on the Indonesia Stock Exchange (IDX) for the 2021–2023 period. The research type is associative with a quantitative approach using financial report data obtained from the official IDX website. Data were processed using the Statistical Product and Service Solutions (SPSS) version 25.0 program. The results indicate that profitability measured using Return on Equity (ROE) has a significant positive effect on stock returns, liquidity measured using Current Ratio (CR) has a significant negative effect, and market value measured using Earnings per Share (EPS) also has a significant negative effect. Meanwhile, leverage measured using Debt to Equity Ratio (DER) and company activity measured using Total Asset Turnover (TATO) have no effect on stock returns. This study helps investors and issuers understand fundamental factors influencing stock returns.
The Effect of Capital Structure On Company Value with Profitability and Dividend Policy as A Mediating Variable A. A. Ayu Tirtamara; Luh Gede Sri Artini
Return : Study of Management, Economic and Bussines Vol. 3 No. 7 (2024): Return : Study of Management, Economic And Bussines
Publisher : PT. Publikasiku Academic Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57096/return.v3i7.247

Abstract

The theory of capital structure with taxes is put forward by stating that the value of a company increases as the total debt increases. The use of debt in the company's capital structure, on the other hand, also incurs costs that can reduce the value of the company, so Modigliani and Miller (1963) the trade-off theory reveals that there is a so-called optimal capital structure. This study aims to test and analyze the influence of capital structure, profitability, and dividend policy on company value, both directly and indirectly. The population of this study is pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange for the period 2008-2022. The sampling technique used was the purposive sampling technique and samples were obtained from 6 companies with a total of 90 years of observation. This study uses secondary data in the form of annual financial statements of pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange for the 2008-2022 period. The data analysis technique in the study uses the dynamic panel method of the system generalized method of moments (GMM) with the Rstudio application. The results of the analysis provide evidence that capital structure, profitability, and dividend policy have a significant positive effect on the company's value. Capital structure has a significant positive effect on profitability and dividend policy. Capital structure affects the value of the company through profitability as a mediating variable. Capital structure affects the value of the company through dividend policy as a mediating variable. Company management is advised to always maintain an optimal capital structure for the company so that it can increase profitability and dividend distribution so as to increase the company's value. For the next researcher, it is recommended to increase the number of research samples so that the research results can be generalized widely.
Co-Authors A. A. Ayu Tirtamara A.A.AYU DIAH AMBARAWATI Alfredo Mahendra Dj Alvita Chatarine anak agung ayu putri utami Anak Agung Gede Suarjaya Anak Agung Ngurah Mustakawarman Armen Armen Ayu Dek Ira Roshita Dewi Diva Aura Putri Wiyanto Fenita Dwi Sari Gde Agung Satria Gede Merta Sudiartha Gede Putu Agus Jana Susila Henny Rahyuda Herbet Bastian Heri Santoso I Dewa Gede Agustina I Gde Kajeng Baskara I Gede Surya Pratama I Gst Ayu Dwi Diahlestari I Gusti Agung Arista Pradnyani I Gusti Ayu Artisca Yulia I Gusti Ayu Kade Diana Yanthi I Gusti Bagus Wiksuana I Gusti Ngurah Suryaadi Mahardika I Gusti Putu Ayu Ona Yunita I Kadek Sutika I Ketut Gede Saputra I Made Budi Sudarsana I Made Wahyu Mahayoga I NENGAH ANDRI SUTAPA I Nyoman Febri Mahardika I Nyoman Sidhi Adiyadnya I Putu Adi Sumardika I Putu Hendra Sintyana I Wayan Martha Mandana I Wayan Rio Riawan I. B. Anom Purbawangsa I.N. Nurcaya Ica Rika Candraningrat Ida Ayu Made Wiryandari Kusuma Handayani Ida Ayu Putu Megawati Ida Ayu Suryaningrat Intan Sari Ida Bagus Anom Purbawangsa Ida Bagus Panji Sedana Ida Elisa José Augusto Maria kadek ayu silvia yuliaratih Kadek Dewi Sawitri Kadek Diah Arie Purnami Ketut Warmika, I Gede Komang Mahendra Pramana Komang Monica Cristina Komang Risa Widi Utami Laksmi, Kadek Wulandari Luh Galang Marhaenis Luh Putu Kartika Dewi Made Artaya Made Ngurah Ananda Dwita Martina Carissa Dewi N.K. Purnawati Ni Desak Made Amanda Pransiska Ni Kadek Raningsih Ni Kadek Tina Rasminiati Ni Ketut Adi Arwati Ni Ketut Ayu Anggreni Ni Ketut Nadila Suryasari Ni Ketut Purnawati Ni Ketut Seminari Ni Luh Anik Puspa Ningsih Ni Luh Putu Sri Sandhi Ni Luh Putu Wiagustini Ni Made Adelia Putri Ni Made Kiki Kamayuli Ni Made Murniti Ni Made Novi Susilowati Ni Made Sri Rastini . Ni Nyoman Ayu Diantini Ni Nyoman Sri Jayanti Perwani Devi Ni Nyoman Tia Surya Ningsih Ni Putu Ayu Darmayanti Ni Putu Ayu Ria Agustini Ni Putu Intan Wulandari Ni Wayan Aditya Putri Pertiwi Nyoman Tri Aryati Olivia Veronika Gunawan Putu Ayu Darmayanti Putu Ayu Rusmala Dewi Putu Eka Pujawati Putu Vivi Lestari Putu Yesi Fransiska Dewi Rahman Rusdi Hamidy Reza Rizky Margana Rintohan Malau Stevano Theodorus Tri Wahyuni Wahyuni Tyasani Taras Utama I Wayan Agus Budi Wijaya, I Gusti Ngurah Satria