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Effect of Leverage, Profitability and Firm Size on Financial Distress (Empirical Study on Transportation Companies Listed on the Indonesia Stock Exchange 2016 –2020) Liandra Andika; Nuryaman Nuryaman
Budapest International Research and Critics Institute-Journal (BIRCI-Journal) Vol 5, No 3 (2022): Budapest International Research and Critics Institute August
Publisher : Budapest International Research and Critics University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33258/birci.v5i3.6567

Abstract

The impact of the Covid 19 outbreak is very devastating for the economy in Indonesia and also the world, one of which is affected is transportation companies. Transportation companies are affected by physical distancing or social distancing which is now chosen as a government policy. The purpose of this study was to determine the effect of leverage, profitability, and firm size on financial distress either partially or simultaneously. The population in this study are transportation companies listed on the Indonesia Stock Exchange in 2016-2020. The technique used in determining the sample in this study is purposive sampling. After the data criteria have been determined, the number of samples used in this study amounted to 11 companies in the transportation sector. Hypothesis testing using multiple linear regression analysis, F test, t test and coefficient of determination (R2). The results showed that leverage and firm size partially positive effect on financial distress, while profitability has a significant negative effect on financial distress. And lastly, everage, profitability and firm size simultaneously have a significant effect on Financial Distress with a 33 percent contribution.
The Influence of Financial Performance on Firm Value with Dividend Policy as a Moderating Variable Nuryaman Nuryaman; Nur Hasanah
EKONOMIKA45 :  Jurnal Ilmiah Manajemen, Ekonomi Bisnis, Kewirausahaan Vol. 12 No. 1 (2024): Desember : Jurnal Ilmiah Manajemen, Ekonomi Bisnis, Kewirausahaan
Publisher : Fakultas Ekonomi Universitas 45 Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30640/ekonomika45.v12i1.3657

Abstract

This study aims to use dividend policy as a moderator to analyse the relationship between financial performance and business value. Utilising a quantitative methodology, this research takes a descriptive and verificative approach. All coal businesses trading on the IDX between 2019 and 2022 make up the study population. This study employed a purposive sampling strategy with predetermined criteria to choose 12 businesses for analysis, yielding 48 observations. The data used in this study is secondary data obtained from the official website of the Indonesia Stock Exchange at www.idx.co.id. Methods for gathering information include documenting and reviewing existing publications. Using Eviews 9 software, data is processed and analysed using methods such as panel data regression analysis, multiplecollinearity and heteroscedasticity tests, t-tests and F-tests for hypothesis testing, and study of the coefficient of determination. This study found that: (1) firm value is affected by liquidity; (2) firm value is not affected by leverage; (3) firm value is affected by profitability; (4) dividend policy cannot moderate the relationship between liquidity and firm value; (5) dividend policy can moderate the relationship between leverage and firm value; and (6) dividend policy cannot moderate the relationship between profitability and firm value.