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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.
PENGARUH PANDEMI COVID 19 TERHADAP KINERJA REKSADANA SAHAM Luh Gede Sri Artini; Ni Ketut Purnawati; Putu Ayu Darmayanti
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.14.NO.03.TAHUN.2025
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24843/EEB.2025.v14.i03.p11

Abstract

Tren pasar dapat dalam keadaan Bearish (kecenderungan nilai pasar saham menurun) atau Bullish (kecenderungan nilai pasar saham meningkat). Adanya pandemi Covid19 menyebabkan tren pasar menjadi bearish sehingga investor sebaiknya mengetahui bagaimanakah kinerja reksadana saham syariah yang dianggap lebih unggul dibanding reksadana saham konvensional saat pasar dalam keadaan dipengaruhi pandemi Covid19 (bearish) dan saat tidak dipengaruhi pandemi Covid19 (bullish). Tujuan penelitian ini adalah untuk mengetahui pengaruh pandemi Covid 19 terhadap reksa dana syariah dan reksa dana konvensional. Program SPSS digunakan untuk melakukan uji statistik dengan metode independent sample t-test yang membandingkan pencapaian antara 15 reksa dana syariah dengan NAB tertinggi dan 15 reksa dana konvensional dengan NAB tertinggi menggunakan nilai Jensen Index dan Treynor Index sebelum masa pandemi Covid19 (2016) dan pada masa pandemi Covid19 (2020). Berdasarkan uji t sampel Independen tahun 2016 (sebelum masa pandemi Covid19) dengan indeks Jensen dan Treynor, terdapat perbedaan yang signifikan antara reksa dana syariah dengan reksa dana konvensional, dan kinerja reksa dana syariah lebih baik dibandingkan reksa dana konvensional. Tahun 2020 (pada masa pandemi Covid19) . berdasarkan indeks Jensen dan Treynor tidak berbeda antara kinerja reksa dana konvensional dan reksa dana syariah. Berdasarkan hasil uji beda sebelum Covid19 dan saat Covid19 terdapat perbedaan kinerja reksa dana saham sebelum pandemi Covid19 dan tidak adanya perbedaan kinerja reksa dana saham selama Covid19 hasil ini menunjukkan bahwa pandemi Covid19 berpengaruh terhadap kinerja reksa dana saham.
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.
Co-Authors 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 Kadek Wulandari Laksmi P Ketut Warmika, I Gede Komang Mahendra Pramana Komang Monica Cristina Komang Risa Widi Utami 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 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