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All Journal JABE (Journal of Applied Business and Economic) Jurnal Manajemen Bisnis Altruis: Journal of Community Services Jurnal Muhammadiyah Manajemen Bisnis (JMMB) eCo-Fin Journal of Artificial Intelligence and Digital Business Jurnal Intelek Dan Cendikiawan Nusantara Media Riset Bisnis Ekonomi Sains dan Terapan Jurnal Cinta Nusantara Media Riset Bisnis Manajemen Akuntansi
Zulfikar Ramadhan
Fakultas Ekonomi Dan Bisnis Universitas Muhammadiyah Jakarta
Religion Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Electrical & Electronics Engineering Engineering Environmental Science Health Professions Public Health Other

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Likuiditas, Leverage dan Aktivitas Serta Pengaruhnya Terhadap Profitabilitas Perusahaan Sub Sektor Otomotif dan Komponen David Ferdiansyah; Zulfikar Ramadhan
eCo-Fin Vol. 8 No. 1 (2026): eCo-Fin
Publisher : Komunitas Dosen Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32877/ef.v8i1.3543

Abstract

Industri otomotif dan komponen merupakan sektor kunci yang membutuhkan banyak modal dan selalu berubah, sehingga penting bagi perusahaan untuk mengelola keuangan mereka dengan cermat. Keuntungan dalam jangka panjang sangat penting bagi perusahaan di industri ini yang terdata di Bursa Efek Indonesia atau BEI. Studi ini meneliti bagaimana Likuiditas (dianalisis melalui ukuran Rasio Lancar), Leverage (dianalisis melalui satuan ukur Rasio Utang terhadap Ekuitas), dan Aktivitas (dianalisis melalui Perputaran Total Aset) memengaruhi Profitabilitas (diukur dengan Pengembalian Atas Aset) pada perusahaan di sektor otomotif dan komponen selama tahun 2021 sampai 2024. Studi ini menggunakan pendekatan kuantitatif untuk melihat apakah satu hal menyebabkan hal lain. Mereka memilih perusahaan mempergunakan metode purposive sampling, yang didapatkan 8 perusahaan dengan 32 obeservasi data Mereka mempergunakan regresi data panel lewat Random Effect Model untuk menganalisis data. Nilai Adjusted R-Square sebesar 36,75% menandakan aspek-aspek ini dengan cara bersamaan menjelaskan sebagian besar perubahan profitabilitas. Temuan ini menegaskan pentingnya pengelolaan aset dan keseimbangan struktur modal dalam meningkatkan profitabilitas serta mendukung pengambilan keputusan manajer dan investor.
NILAI PERUSAHAAN SUB SEKTOR FARMASI & RISET KESEHATAN YANG DIPENGARUHI PROFITABILITAS, LIKUIDITAS, LEVERAGE Dimas Triyanto; Zulfikar Ramadhan
Media Riset Bisnis Manajemen Akuntansi Vol 2, No 2 (2026): Media Riset Bisnis Manajemen Akuntansi
Publisher : Taksasila Edukasi Insani

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71312/mrbima.v2i2.872

Abstract

This study aimed to determine and analyze the influence of profitability, liquidity, and leverage on the value of pharmaceutical and health research companies listed on the Indonesia Stock Exchange (IDX). This research is a quantitative, associative study. The population of this study was pharmaceutical and health research companies listed on the Indonesia Stock Exchange in 2021-2024. Purposive sampling was used to select 11 companies.The analysis method used in this study is multiple linear regression analysis on panel data, namely by determining the estimation model, estimation method, determination coefficient test and hypothesis test.The results of the study indicate that profitability has a positive but insignificant effect on firm value, liquidity has a positive but insignificant effect on firm value, and leverage has a positive and significant effect on firm value. These findings indicate that investors in the pharmaceutical subsector place more importance on a company's funding structure than on its ability to generate profits and meet short-term obligations. This research is expected to contribute to the development of financial management literature and serve as a consideration for investors and company management in making financial decisions.Keywords: Firm Value, Profitability, Liquidity and Leverage
PENGARUH PROFITABILITAS LIKUIDITAS SOLVABILITAS TERHADAP NILAI PERUSAHAAN INDUSTRI SEMEN YANG TERDAFTAR BEI Azzahra Mariatul Khibtiyah; Zulfikar Ramadhan
Media Riset Bisnis Manajemen Akuntansi Vol 2, No 2 (2026): Media Riset Bisnis Manajemen Akuntansi
Publisher : Taksasila Edukasi Insani

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71312/mrbima.v2i2.873

Abstract

This study aims to examine and analyze the influence of profitability, liquidity, solvability on firm value in the cement companies listed on the Indonesia Stock Exchange (IDX). This research is a quantitative study with an associative nature. The population in this study is cement companies listed on the Indonesia Stock Exchange (IDX) from 2021 to 2024. The sampling technique used was purposive sampling, resulting in a sample of 5 companies. The analysis method used in this study is multiple linear regression analysis on panel data, which includes model estimation determination, estimation method, coefficient of determination test, and hypothesis testing. The results of this study indicate that profitability has a significant effect on firm value, while firm size has no significant effect on firm value.Keywords : Profitability, Likuidity, Solvability, Firm Value
LIKUIDITAS, PROFITABILITAS, LEVERAGE TERHADAP HARGA SAHAM PERUSAHAAN SUBSEKTOR TRANSPORTASI DI BURSA EFEK INDONESIA Cut Aldira Bunga Nanggro; Zulfikar Ramadhan
Media Riset Bisnis Ekonomi Sains dan Terapan Vol 5, No 1 (2026): Media Riset Bisnis Ekonomi Sains dan Terapan
Publisher : Taksasila Edukasi Insani

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71312/mrbest.v5i1.815

Abstract

This study examines the effect of liquidity, profitability, and leverage on stock prices of transportation subsector companies listed on the Indonesia Stock Exchange (IDX). The research aims to analyze how these financial performance indicators influence stock price movements during the post-pandemic period. This study employs a quantitative correlational approach using secondary data obtained from the financial statements of transportation subsector companies for the 2021–2024 period. The population consists of 13 companies, with 11 companies selected through purposive sampling. Data analysis was conducted using panel data multiple linear regression with EViews 12, and the selected estimation model was the random effects model. The results indicate that liquidity has a significant negative effect on stock prices, profitability has a negative but insignificant effect, and leverage has a positive but insignificant effect on stock prices. These findings suggest that investors should carefully reassess financial ratios when making investment decisions, while companies are encouraged to optimize their financial performance to enhance stock value in the capital market.Keywords: Leverage, Liquidity, Profitability, Stock Price
Pengaruh Likuiditas, Leverage, dan Profitabilitas terhadap Nilai Perusahaan pada Perusahaan Sub Sektor Farmasi & Riset Kesehatan yang Terdaftar di Bursa Efek Indonesia Periode 2021 – 2024 Syifa Alya Fauzan; Zulfikar Ramadhan
RIGGS: Journal of Artificial Intelligence and Digital Business Vol. 5 No. 2 (2026): Mei-Juli
Publisher : Prodi Bisnis Digital Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/riggs.v5i2.12486

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh likuiditas, leverage, dan profitabilitas terhadap nilai perusahaan pada perusahaan sub sektor farmasi dan riset kesehatan yang terdaftar di Bursa Efek Indonesia (BEI) periode 2021–2024. Likuiditas diproksikan dengan Current Ratio (CR), leverage diukur menggunakan Debt to Asset Ratio (DAR), profitabilitas diproksikan dengan Return on Assets (ROA), sedangkan nilai perusahaan diukur menggunakan Price to book value (PBV). Penelitian ini menggunakan pendekatan kuantitatif dengan data sekunder yang diperoleh dari laporan keuangan tahunan perusahaan yang dipublikasikan melalui Bursa Efek Indonesia dan situs resmi perusahaan. Sampel ditentukan menggunakan teknik purposive sampling sehingga diperoleh 11 perusahaan yang memenuhi kriteria penelitian. Analisis data dilakukan menggunakan regresi data panel dengan bantuan perangkat lunak EViews. Berdasarkan hasil pemilihan model melalui uji Chow dan uji Hausman, Fixed Effect Model (FEM) ditetapkan sebagai model estimasi yang paling sesuai untuk menguji hubungan antarvariabel. Hasil penelitian menunjukkan bahwa secara parsial likuiditas berpengaruh negatif dan tidak signifikan terhadap nilai perusahaan, leverage berpengaruh negatif dan signifikan terhadap nilai perusahaan, sedangkan profitabilitas berpengaruh positif dan tidak signifikan terhadap nilai perusahaan. Secara simultan, likuiditas, leverage, dan profitabilitas berpengaruh signifikan terhadap nilai perusahaan. Temuan ini menunjukkan bahwa pengelolaan kondisi keuangan perusahaan, khususnya tingkat penggunaan utang, perlu diperhatikan karena dapat memengaruhi penilaian pasar terhadap perusahaan serta menjadi pertimbangan bagi manajemen dan investor dalam pengambilan keputusan.
CLUSTER ANALYSIS OF FINANCIAL LITERACY AND FINANCIAL BEHAVIOR AMONG UNIVERSITY STUDENTS Zulfikar Ramadhan
Jurnal Cinta Nusantara Vol. 4 No. 2 (2026): April-Juni, Assessment and Learning Evaluation
Publisher : CV. Bunda Ratu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63754/jcn.v4i2.149

Abstract

This study aims to classify university students based on their financial literacy and financial behavior using cluster analysis. Financial literacy and behavior are essential competencies for students as they transition toward financial independence. This study employs a quantitative exploratory approach with data collected through a structured questionnaire from undergraduate students. The variables used in the clustering process consist of financial literacy and financial behavior indicators measured using a five-point Likert scale. Data were analyzed using hierarchical cluster analysis with Ward’s method to determine the optimal number of clusters, followed by K-Means cluster analysis for final classification. The results reveal the existence of three distinct student clusters with different characteristics of financial literacy and financial behavior. These findings indicate that students are not homogeneous in managing their personal finances. The study contributes to the literature by providing a segmentation-based perspective and offers practical implications for designing targeted financial education programs for university students.
Co-Authors Azzahra Mariatul Khibtiyah Cut Aldira Bunga Nanggro David Ferdiansyah Dhea Aulia Dimas Triyanto Dina Shabrina Azzahra Fajar Adi Prakoso Ibnu Harfain Munawaroh, Azizatul Shirly Anjani Syifa Alya Fauzan Vivi Sylvia Purborini