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Journal : IIJSE

The Influence of Profitability, Dividend Policy, and Debt Policy on Firm Value in State-Owned Banks Listed on the Indonesia Stock Exchange for the Period 2014-2023 Sofia Muninggarsih; Eko Giyartiningrum
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 1 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i1.5706

Abstract

This study is expected to provide a clear picture of factors influencing firm value such as profitability, dividend policy, and debt policy in State-Owned Enterprises (BUMN) companies in the banking sector listed on the Indonesia Stock Exchange (IDX) in 2014-2023. This study examines the effect of profitability, dividend policy, and debt policy on firm value. Data analysis used in the study included descriptive statistics, classical assumption tests, multiple regression analysis, and hypothesis testing. The significance level used in the research is 5%. The study results are that profitability and dividend policy have a significant effect on firm value, while debt policy does not affect firm value. Profitability, dividend policy, and debt policy together affect firm value.
The Influence of Internal Control System, Internal Audit, and GCG on Banking Financial Performance Esti Mugi Lestari; Eko Giyartiningrum
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 3 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i3.7283

Abstract

The purpose of this research is to analyze the impact of internal control systems, internal audits, and GCG on the financial performance of banks listed on the Indonesia Stock Exchange (IDX). A quantitative research method using multiple linear regression was used with 46 banks from a total of 138 observations. The data used are secondary data obtained from published annual reports of banks. The dependent variable in this research is banking financial performance as measured by Return on Equity (ROE). The variables of internal control systems, internal audits, and good corporate governance (GCG) are the independent variables in this research. The GCG variable is proxied by independent commissioners, institutional ownership, the board of directors, managerial ownership, the audit committee, and the activities of the board of commissioners. The research results show that only the activities of the board of commissioners have a significant effect on improving bank financial performance. Thus, other factors need to be further studied to understand their impact on overall banking financial performance.