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Pengaruh DER, CR dan PBV Terhadap Harga Saham Dengan Kebijakan Dividen Sebagai Variabel Intervening Pada Perusahaan Manufaktur Sektor Industri Barang Konsumsi Tahun 2016 – 2020 Ulfi Zuslaini; Syahyunan Syahyunan; Zuwina Miraza
Jurnal Ekonomi Bisnis Digital Vol 1 No 3 (2022): Research Article Volume 1 Issue 3 Nopember 2022
Publisher : Yayasan Cita Cendekiawan Al Khwarizmi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47709/jebidi.v1i3.127

Abstract

This study aims to determine the effect of Debt to Equity Ratio (DER), Current Ratio (CR), and Price to Book Value (PBV) on stock prices with dividend policy as an intervening variable listed on the Indonesia Stock Exchange (IDX). This research is a causal associative study and the type of data used is quantitative data. The population of this study is manufacturing companies in the consumer goods industry sector for the 2016-2020 period, which amounted to 68 companies. The sample in this study totaled 21 companies. The data used is secondary data in the form of annual reports and company financial statements that have been audited on the Indonesia Stock Exchange during the 2016-2020 period. Data that is ready to be processed will be carried out statistical testing using the SmartPLS program. The results of this study show that the Debt to Equity ratio (DER) has a positive and insignificant effect on dividend yield, Current Ratio (CR) has a positive and insignificant effect on dividend yield, Price to Book Value (PBV) has a positive and insignificant effect on dividend yield, Debt to Equity ratio (DER) has a negative and significant effect on stock price, Debt to Equity ratio (DER) has a negative and significant effect on stock prices, Price to Book Value (PBV) has a positive and insignificant effect on stock prices, dividend yield has a negative and insignificant effect on stock prices, and dividend yield are unable to mediate the effect of Debt to Equity ratio (DER), Current Ratio (CR), and Price to Book Value (PBV) on stock prices.
Analysis Of The Influence Of Current Ratio, Debt To Equity Ratio, And Return On Asset On Prices Shares In Property Companies On The Indonesian Stock Exchange Year 2020-2022 Sri Wanda Sari; Zuwina Miraza; Arasy Ayu Setiamy
Jurnal Ilmu Sosial Mamangan Vol 13, No 1 (2024): Jurnal Ilmu Sosial Mamangan Accredited 3 (SK Dirjen Ristek Dikti No. 158/E/KPT/
Publisher : LPPM Universitas PGRI Sumatera Barat

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22202/mamangan.v13i1.7814

Abstract

This research was conducted on property companies on the Indonesian Stock Exchange with the aim of research to determine the influence of the current ratio, debt to equity ratio and return on assets partially and simultaneously on share prices. The population of this research was 32 property companies and the samples were taken using purposive sampling so that the total sample was 21 property companies and the number of observations made was 63 observations. This research uses associative and data collection techniques with documentation, and data analysis techniques with multiple linear regression, classical assumption testing and hypothesis testing. Based on the results of research conducted, it shows that partially the current ratio, debt to equity ratio and return on assets have a significant positive effect on the share prices of property companies listed on the IDX. The current ratio, DER and ROA ratio together have a significant effect on share prices in property companies listed on the IDX. There is a strong correlation between the Current ratio, DER and ROA ratio and property company share prices. The size of share prices in property companies can be explained by the Current ratio, DER and ROA ratio, which is 69.8%. Meanwhile, the other 30.2% was influenced by factors not examined in this study
Resource-based view strategy as a determinant of business performance moderated by market orientation in MSMEs culinary sector in Medan city Bella Marisa Putri; Ani Murwani Muhar; Zuwina Miraza
Manajemen dan Bisnis Vol 21, No 1 (2022): March 2022
Publisher : Department of Management - Faculty of Business and Economics. Universitas Surabaya.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24123/jmb.v21i1.570

Abstract

The purpose of this research is to know the business performance can be achieved through Resource Based View Strategy by applying flexibility, supply chain integration, organization capability to market orientation in culinary sector business in Medan. Data collection using questionnaires (Google Form) for each variable, on 88 MSMEs culinary sector in Medan city with the characteristics of small to medium businesses and already applying supply chain integration. The data is analyzed using multiple linear and moderated regression analysis (MRA) techniques. The results showed that flexibility had no positive effect on business performance. However, supply chain integration and organization capability had a positive effect on business performance. Flexibility and supply chain integration positively affect business performance moderated by market orientation. At the same time, organization capability does not positively affect business performance moderated by market orientation.
ANALISIS PENGARUH NPL, RESTRUKTURISASI KREDIT, JAMINAN KREDIT, DAN BOPO TERHADAP KESEHATAN BANK Erliena Erliena; Tantri Octora Dwi Syah Putri; Zuwina Miraza
Journal of Economic, Bussines and Accounting (COSTING) Vol 7 No 6 (2024): COSTING : Journal of Economic, Bussines and Accounting
Publisher : Institut Penelitian Matematika, Komputer, Keperawatan, Pendidikan dan Ekonomi (IPM2KPE)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31539/costing.v7i6.12624

Abstract

Tujuan dari penelitian ini adalah untuk NPL, Restrukturisasi Kredit, Jaminan Kredit, dan BOPO berpengaruh terhadap Kesehatan Bank. Metode penelitian menggunakan pendekatan kuantitatif. Populasi adalah perusahana perbankan yang terdafar di Bursa Efek Indonesia pada periode 2018-2022 dan sampel sebanyak 14 perusahaan. Hasil penelitian memperoleh NPL tidak berpengaruh terhadap Kesehatan Bank, Jaminan Kredit berpengaruh positif terhadap Kesehatan Bank dan BOPO berpengaruh positif dan signifikan terhadap Kesehatan Bank. Secar simultan NPL, Restrukturisasi Kredit, Jaminan Kredit, dan BOPO berpengaruh positif dan signifikan terhadap Kesehatan Bank.
The Impact of Stress and Workload on Performance Moderated by Work Shift Pangabean, Royhan Kamal; Junita, Audia; Miraza, Zuwina
Jurnal Administrasi Bisnis Vol 13, No 1 (2024)
Publisher : Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/jab.v13i1.54614

Abstract

The objective of this research is to investigate the impact of stress and workload on the performance of PT Cheil Jedang Feed Medan's employees, moderated by work shifts. The study is explanatory and employs a quantitative approach. Primary data was collected by distributing questionnaires to a sample of 101 employees. The sample size was determined using the saturated sampling technique. The data was analyzed using multiple linear regression and moderation regression analysis. The study found that workload has a significant negative impact on employee performance, but work stress does not. Furthermore, the work shift variable has no significant moderating effect on the impact of stress and workload on employee performance at PT Cheil Jedang Feed Medan. Based on the results of this research, it turns out that these variables contribute minimally to employee performance. Practical suggestions that need to be perfected by PT Cheil Jedang Feed Medan are improvements in the aspect of the speed of rotation of working hours between employees and the provision of rest periods according to the relatively high level of stress and workload felt by employees
The Influence Of Profitability, Liquidity And Leverage On Company Value With Dividend Policy As A Moderating Variable In Raw Goods Sector Companies Listed On The Indonesian Stock Exchange In 2017–2021 Dwi Hanny Khairunissa; Zuwina Miraza; Hafriz Rifki Hafas
INFOKUM Vol. 13 No. 02 (2025): Infokum
Publisher : Sean Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study aims to identify and analyze the effect of profitability, liquidity, and leverage on the value of raw material sector companies listed on the Indonesia Stock Exchange (IDX) in the 2017-2021 period. In addition, this study also aims to see whether dividend policy is able to moderate the relationship between these independent variables and firm value. This study provides an overview of how the financial condition of companies in the sector is related to the dividend policy taken, as well as how factors such as profitability, liquidity, and leverage affect firm value, both directly and in the context of interactions with dividend policy. The results of the study indicate that profitability and liquidity have a significant positive effect on firm value, while leverage does not have a significant effect and tends to be negative. Dividend policy acts as a moderator that strengthens the effect of profitability on firm value, but weakens the effect of liquidity and leverage. These findings demonstrate the importance of dividend policy in moderating the relationship between a company's financial condition and firm value, and highlight the need for management to consider the right dividend policy in an effort to increase firm value, especially in the raw material sector listed on the IDX.
Pengaruh Market Orientation, Inovasi, Learning Orientation Terhadap Keunggulan Bersaing Industri Roti di Medan Nabilah, Tia; Miraza, Zuwina; Nahrisah, Ezzah
Jurnal Ekonomi Bisnis Digital Vol 1 No 3 (2022): Research Article Volume 1 Issue 3 Nopember 2022
Publisher : Yayasan Cita Cendekiawan Al Khwarizmi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47709/jebidi.v1i3.114

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh market orientation, inovasi, learning orientation terhadap keunggulan bersaing pada industri roti di Medan. Desain penelitian ini analisis regresi linear berganda digunakan sebagai alat analisis untuk mengetahui bagaimana pengaruh antara variabel independent terhadap variabel dependen. Dalam penelitian ini menggunakan jenis penelitian asosiatif dengan pendekatan kuantitatif. Populasi dan sampel yang digunakan dalam penelitian ini, yaitu 100 pelaku usaha industry roti di kota Medan. Hasil pada penelitian ini menunjukkan bahwa variabel market orientation, inovasi dan learning orientation berpengaruh secara signifikan terhadap keunggulan bersaing.
Pengaruh DER, CR dan PBV Terhadap Harga Saham Dengan Kebijakan Dividen Sebagai Variabel Intervening Pada Perusahaan Manufaktur Sektor Industri Barang Konsumsi Tahun 2016 – 2020 Zuslaini, Ulfi; Syahyunan, Syahyunan; Miraza, Zuwina
Jurnal Ekonomi Bisnis Digital Vol 1 No 3 (2022): Research Article Volume 1 Issue 3 Nopember 2022
Publisher : Yayasan Cita Cendekiawan Al Khwarizmi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47709/jebidi.v1i3.127

Abstract

This study aimsto determine the effect of Debt to Equity Ratio (DER), Current Ratio (CR), and Price to Book Value (PBV) on stock prices with dividend policy as an intervening variable listed on the Indonesia Stock Exchange (IDX). This research is a causal associative study and the type of data used is quantitative data. The population of this study is manufacturing companies in the consumer goods industry sector for the 2016-2020 period, which amounted to 68 companies. The sample in this study totaled 21 companies. The data used is secondary data in the form of annual reports and company financial statements that have been audited on the Indonesia Stock Exchange during the 2016-2020 period. Data that is ready to be processed will be carried out statistical testing using the SmartPLS program.The results of this study show that the Debt to Equity Ratio (DER) has a positive and insignificant effect on dividend yield, Current Ratio (CR) has a positive and insignificant effect on dividend yield, Price to Book Value (PBV) has apositive and insignificant effect on dividend yield, Debt to Equity Ratio (DER) has a negative and significant effect on stock price, Debt to Equity Ratio (DER) has a negative and significant effect on stock prices, Price to Book Value (PBV) has a positive and insignificant effect on stock prices, dividend yield has a negative and insignificant effect on stock prices, and dividend yield are unable to mediate the effect of Debt to Equity Ratio (DER), Current Ratio (CR), and Price to Book Value (PBV) on stock prices.
ANALYSIS OF FACTORS INFLUENCING CAPITAL STRUCTURE, DIVIDEND POLICY, TOTAL ASSETS ON FIRM VALUE IN THE BANKING SECTOR ON THE INDONESIA STOCK EXCHANGE (IDX) Hutabarat, Oktavia Arisanti; Tarigan, Jelli; Putri, Tantri Octora Dwi Syah; Miraza, Zuwina
Mount Hope Economic Global Journal Vol. 3 No. 1 (2025)
Publisher : Institut Teknologi dan Bisnis Kristen Bukit Pengharapan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61696/mega.v3i1.658

Abstract

In the banking sector, company value plays an essential role in the success of company management. Therefore, efforts must be made to improve several aspects of the banking industry. Key areas for improvement include capital structure, dividend policy, and total assets. The objective of this research is to determine whether there is an influence of capital structure, dividend policy, and total assets on company value. This research adopts a quantitative method using secondary data sourced from the Indonesian Stock Exchange (BEI), with a total of 35 samples. The results of this research are shown in the R-squared value, which is 82.9%. This indicates that the variables X1 (capital structure), X2 (dividend policy), and X3 (total assets) significantly influence company value.
ANALYSIS OF THE ROLE OF DPK, CAR, NPL IN DISTRIBUTING BANK LOANS TO UMKM Br. Sebayang, Jesy Ulina; Napitupulu, Marsya; Syah Putri, Tantri Octora Dwi; Miraza, Zuwina
Mount Hope Economic Global Journal Vol. 3 No. 1 (2025)
Publisher : Institut Teknologi dan Bisnis Kristen Bukit Pengharapan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61696/mega.v3i1.659

Abstract

This research paper analyzes the role of Third Party Funds (TPF), Capital Adequacy Ratio (CAR), and Non-Performing Loans (NPL) in the distribution of bank loans to Micro, Small, and Medium Enterprises (UMKM) in Indonesia. This study uses a quantitative approach, utilizing secondary data sources to assess the impact of these financial indicators on bank lending practices. It highlights the importance of UMKM as a critical component of the Indonesian economy, accounting for a large percentage of business forms in the ASEAN region, ranging from 88.8% to 99.9%. The findings show that Third Party Funds, measured using the natural logarithm to normalize the data distribution, play a significant role in facilitating bank lending. Furthermore, the study highlights the negative and significant influence of NPL on credit distribution, where a higher NPL ratio indicates increased credit risk for banks. Furthermore, the study discusses the importance of CAR as a measure of a bank’s financial health, showing that higher CAR is correlated with better lending capacity. Overall, this paper emphasizes the interconnectedness of these financial metrics and their collective impact on improving the accessibility of bank loans for UMKM, which is critical for economic growth and poverty alleviation in Indonesia.