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PENGARUH CURRENT RATIO, RETURN ON ASSET, RISIKO BISNIS, UKURAN PERUSAHAAN, DAN PAJAK TERHADAP STRUKTUR MODAL SUNGKAR, HALLY INNAYAH; DEITIANA, TITA
E-Jurnal Manajemen Trisakti School of Management (TSM) Vol. 1 No. 1 (2021): E-Jurnal Manajemen Trisakti School of Management (TSM)
Publisher : Pusat Penelitian dan Pengabdian kepada Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34208/ejmtsm.v1i1.979

Abstract

The purpose of this research is to test and analyze empirically the influence of current ratio, return on asset, business risk, firm size and tax to capital structure which proximate by debt to equity ratio, and compare the result from previous research within this research. Data used in this research is from annual financial statements for mining sector industry, which listed in Indonesia Stock Exchange (IDX) period 2008 – 2015. The purposive sampling is used as sampling technique, where 6 companies met the criteria and were analyzed using panel data regression with fixed effect model to test the hypothesis. The result of this research shows that current ratio, return on asset, business risk, firm size and tax do not influence capital structure.
HOW FINANCIAL INFORMATION AFFECTS DIVIDEND POLICY TO ENCOURAGE THE INDONESIAN ECONOMIC SECTOR IN POST COVID-19 PANDEMIC Deitiana, Tita; Pusvikasari, Nila; Arilyn, Erika Jimena; Beny , Beny
International Journal of Application on Economics and Business Vol. 1 No. 4 (2023): November 2023
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v1i4.2011-2021

Abstract

The purpose of this study is to obtain empirical evidence about the factors that influence dividend policy to encourage the post-Covid-19 pandemic Indonesian economic sector. The independent variables in this study are financial information which consists of company size, leverage, risk, free cash flow, diversification loss, earning volatility, and managerial ownership. This research is a quantitative explanatory approach using correlational design through Partial Least Square (PLS). Thirty out of forty-five liquid companies (LQ-45) listed in Indonesia Stock Exchange (IDX) were gathered especially before and during the pandemic from 2013 until 2020 with the following criteria: The firms that are listed on the Stock Exchange of Indonesia during the years 2013 until 2020 and financial statement data are available for the period of the study. These results show that risk and leverage have a negative impact on dividend policy, but other factors which are free cash flow, size of the company, loss from diversification, volatility of earnings, and managerial ownership had no impact on it.
Enhancing Enviromental Preservation Through Mangrove Afforestation In The Youtefa Bay Area Tita Deitiana; Nila Pusvikasari
International Journal Of Community Service Vol. 5 No. 3 (2025): August 2025 (Indonesia - Rusia - Malaysia)
Publisher : CV. Inara in Colaboration with www.stie-sampit.ac.id

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51601/ijcs.v5i3.318

Abstract

The degradation of mangrove areas is often caused by human activities such as timber exploitation, conversion of mangrove areas into roads, bridges, and residential settlements, as well as natural environmental changes. Youtefa Bay Nature Tourism Park is a conservation area characterized by stunning natural landscapes, extensive coastlines, mangrove forests, lowland tropical forests, and a rich marine ecosystem. if managed properly, the area holds great potential to generate substantial benefits for the surrounding communities. However, the current reality on the ground reveals that the management of the area remains fragmented and poorly planned. This uncoordinated approach has contributed to various environmental problems within the conservation area. Mangrove forests are among the most strategic coastal ecosystems. In Indonesia, the total area of mangrove forests continues to decline annually, primarily due to land-use changes for housing and the development of various infrastructure projects. This community engagement activity aimed to contribute to the conservation of mangrove forests in Youtefa Bay Nature Tourism Park. The initiative was carried out on October 18-19th 2023, by the Forum Manjemen Indonesia (FMI). The planting method used was the single planting technique. The mangrove planting event was successfully conducted and received appreciation from various stakeholders, particularly government representatives and lecturers from the Forum Manajemen Indonesia. To maximize the ecological function of this conservation area, it is crucial to ensure the ongoing preservation of its mangrove forests. One concrete effort undertaken is the reforestation of mangrove areas through collaborative action. this community services were part of a series of program organized by FMI in Papua and was designed to support mangrove ecosystem rehabilitation while enhancing the roles of local communities, academic institutions, and government bodies in environmental conservation.
Financial and Non-Financial Determinants of Stock Price and Insolvency Risk in Indonesia Tita Deitiana; Andriati Fitriningrum; Dave Octavius
Jurnal Akuntansi, Keuangan, dan Manajemen Vol 7 No 4 (2026): September
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/jakman.v7.n4.p315-333.2026

Abstract

Purpose: This study investigates the effects of financial ratios and non-financial firm characteristics on stock prices and insolvency risk among Indonesian non-financial firms during 2017–2024.Research Methodology: A quantitative approach was employed using multiple linear regression to examine the determinants of stock prices and binary logistic regression to evaluate the effects of financial and non-financial variables on insolvency risk.Results: The findings reveal that profitability, leverage, number of employees, and number of shareholders significantly influence stock prices, indicating that investors consider both financial performance and firm characteristics in market valuation. Insolvency risk is primarily affected by liquidity and inventory turnover, while other variables show limited explanatory power. Stock price does not significantly affect insolvency risk, suggesting that market valuation does not effectively capture early signals of financial distress in Indonesia’s emerging market context.Conclusion: This study concludes that stock price is not a reliable early-warning indicator of insolvency risk. Effective liquidity management and operational efficiency are essential for reducing financial distress and strengthening firm resilience.Limitations: The study focuses only on non-financial firms and does not incorporate macroeconomic shocks or dynamic non-linear models. Future research should consider broader contexts and external uncertainty factors.Contribution: This study contributes to corporate finance literature by highlighting the importance of financial and non-financial signals in predicting insolvency risk. The findings support the development of early warning systems that prioritize solvency and operational indicators over market volatility.
Financial Early Warning Signal, Stock Prices, and Bankruptcy Risk: Evidence from Listed Energy Companies in Indonesia Tita Deitiana; Andriati Fitriningrum; Caitlyn Ashley Ramono
MIX: JURNAL ILMIAH MANAJEMEN Vol. 16 No. 2 (2026): MIX : Jurnal Ilmiah Manajemen
Publisher : Universitas Mercu Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22441/jurnal_mix.2026.v16i2.020

Abstract

Objectives: This study investigates whether financial and non-financial early warning indicators impact stock prices and insolvency risk, and whether stock prices mediate the relationship between these indicators. The study is driven by the significance of investors’ comprehension of economic health in the investment decision-making processMethodology: This study applies a quantitative approach using secondary data from 15 listed energy companies, during 2018 to 2023.  The study specifically utilises Generalized Structural Equation Modelling (GSEM) to handle the simultaneous estimation of direct and indirect effects in a panel data setting.Finding: The results reveal a significant market failure: while Solvency, Profitability, and Litigation History directly predict insolvency, Stock Price fails to mediate these relationships. This rejection of the mediation hypothesis indicates that the market is 'noisy' and decoupled from internal fundamentals, driven instead by global 'fossilflation' sentiments. Conclusion: Consequently, stock prices are proven unreliable as early warning signals, suggesting stakeholders should prioritise direct monitoring of fundamental ratios over market valuation.