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Influence of Return on Equity (ROE) and Debt Equity Ratio (DER) On Company Value and Share Prices Ramadhani Salsabila, Rima; Triyonowati, Triyonowati; Suhermin, Suhermin
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 7 No 1 (2024): Sharia Economics
Publisher : Sharia Economics Department Universitas KH. Abdul Chalim, Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v7i1.4514

Abstract

This study aimed to examine and analyze the effect of Return On Equity (ROE) and Debt to Equity Ratio (DER) on firm value and the stock price in Real Estate and Property; through annual financial statements and the company's performance that were listed on the Investment Gallery of Indonesia Stock Exchange, STIESIA. Besides, it aims to examine and analyze the effect of Return On Equity and Debt to Equity Ratio on stock prices either directly or indirectly, through firm value. Since firm value was a mediating variable, it could measure the company's performance that was reflected in stock price. Furthermore, the population was 49 companies that were listed on the Gallery of Indonesia Stock Exchange, STIESIA during 2015-2021. The data collection technique used purposive sampling. In line with that, there were 11 Real Estate and Property companies as the sample. Additionally, the data analysis technique used multiple linear regression with path analysis and causal step, as well as SPSS (Statistical Product and Service Solutions). As a result, it is concluded that ROE and DER have a significant effect on firm value. Likewise, the firm value had a significant effect on the stock price. Both ROE and DER have an insignificant effect on the stock price. While DER could increase the risk for stakeholders. In other words, the higher the DER was, the lower the stock price (undervalued) would be. As a result, the stock won't interest the stakeholders. On the other hand, the firm value may not be the mediating variable of ROE on the stock price. However, the firm value could mediate DER on stock price (full mediation). In conclusion, Debt to Equity Ratio (DER) could encourage the stakeholders to invest their stocks in Real and Property companies.
Sosialisasi Sertifikasi Halal Dan Jaminan Halal Pada Umkm Makanan Dan Minuman Di Kabupaten Gresik Asyik, Nur Fadjrih; Patuh, Maswar; Triyonowati; Yahya; Respatia, Wimba
ABDIMAS NUSANTARA: Jurnal Pengabdian Kepada Masyarakat Vol. 4 No. 2 (2023): ABDIMAS NUSANTARA (Januari)
Publisher : Fakultas Ekonomi Universitas Islam Majapahit

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Abstract

A halal certificate on a product is now a must. Consumers will be more selective in choosing products that have halal certification for consumption. The socialization and assistance activities for Halal Certification and Halal Assurance were carried out for Food and Beverage MSME partners assisted by DMI, Gresik Regency. The purpose of this community service activity is to provide an understanding of the urgency of halal, halal ingredients, halal potential, and halal certification so that it can be used as a medium for developing businesses and increasing sales turnover. The ABDIMAS implementation method includes three stages: The planning stage involves mapping the problem, solving problems, and coordinating with MSME partners and DMI Gresik Regency. The stage of implementing the socialization of halal certification using the lecture and question-and-answer method. The monitoring and evaluation phase of a series of socialization and mentoring activities carried out. The results of ABDIMAS activities show that MSME partners participating in the socialization are quite enthusiastic about asking questions related to halal products, the benefits of halal labeled products, halal certification procedures, and halal product guarantees. It is hoped that the food and beverage MSMEs assisted by DMI Gresik Regency can arrange halal certification both through the regular and self-declare routes so as to increase sales turnover.
Growth, Intellectual Capital, Financial Performance And Firm Value : Evidence From Indonesia Automotive Firms Johanda Putri, Indah Ayu; Budiyanto, Budiyanto; Triyonowati, Triyonowati; Ilham, Ilham
International Journal of Science, Technology & Management Vol. 4 No. 1 (2023): January 2023
Publisher : Publisher Cv. Inara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46729/ijstm.v4i1.723

Abstract

This study analyzes and explains empirical evidence of the effect of growth and Intellectual Capital respectively on financial performance and firm value, as well as the role of Financial Performance in mediating the influence of company growth and Intellectual Capital respectively on firm value. The benefits of this research are expected to be a reference that enriches the literature of Management Science, especially related to signaling theory and Resource Based Theory. In addition, this research is expected to provide benefits for automotive company managers in developing strategies that can improve financial performance and firm value, investors in automotive companies in making the right decisions in investing in automotive companies and the government in formulating policies related to automotive companies so that more investors invest in automotive companies. To test the hypothesis used Partial Least Square (PLS) analysis. The results of the hypothesis test show that: (1) the company's growth has a positive and insignificant effect on financial performance, (2) Intellectual Capital has a positive and significant effect on financial performance, (3) company growth has a positive and insignificant effect on firm value, (4) Intellectual Capital has a positive and insignificant effect on firm value, (5) financial performance has a positive and significant effect on firm value, (6) financial performance does not mediate the company's growth to the company's value and (7) financial performance mediates Intellectual Capital to the value of the company
PELATIHAN MANAJEMEN KEUANGAN KEPADA GAPOKTAN BERAS PREMIUM POJOK KULON KABUPATEN JOMBANG Syahrenny, Nenny; Asyik, Nur Fadjrih; Riharjo, Ikhsan Budi; Triyonowati, Triyonowati
Jurnal Kreativitas dan Inovasi (Jurnal Kreanova) Vol 1 No 1 (2021): Januari
Publisher : Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (777.897 KB) | DOI: 10.24034/kreanova.v1i1.4863

Abstract

Pemerintah Provinsi Jawa Timur membuat program hulu hilir untuk petani dalam rangka meningkatkan produktivitas pertanian. Program ini menggunakan dana dari Bank Jatim dengan bunga ringan dan Grace Period lebih lama. Gabungan Kelompok Tani (Gapoktan) Pojokkulon Ds Kesamben Kabupaten Jombang merupakan para petani yang mendapatkan bantuan program hulu hilir ini. Pihak kreditur yaitu Bank Jatim akan memerlukan informasi kinerja keuangan dari Gapoktan agar mendapatkan keyakinan bahwa Gapoktan dapat mengembalikan pinjaman sesuai dengan jadwal yang disepakati. Selama ini pihak Gapoktan belum dapat memberikan informasi keuangannya karena belum dapat menyusun Laporan Keuangan sesuai dengan SAK (Standar Akuntansi Keuangan). Oleh karena itu bersama dengan Otoritas Jasa Keuangan (OJK) mengadakan kegiatan pelatihan Manajemen Keuangan kepada Gapoktan Pojokkulon. Pelatihan dikhususkan untuk mencatat dan menyusun Laporan Keuangan sesuai dengan standar. Metode yang digunakan dalam kegiatan ini adalah survei pendahuluan, pelatihan Manajemen Keuangan, serta Implementasi dan Evaluasi. Hasil dari kegiatan pengabdian ini adalah dapat meningkatkan pengetahuan peserta pelatihan dalam mencatat transaksi keuangannya, dapat mengetahui proses menyusun Laporan Keuangan, mengetahui macam Laporan Keuangan sesuai dengan SAK EMKM (Standar Akuntansi Keuangan Entitas Mikro, Kecil, dan Menengah) dan mengetahui perhitungan beban penjualan.   
APLIKASI DIGITAL PENGELOLAAN KEUANGAN, SARANA MENINGKATKAN PENJUALAN UMKM MAKANAN MINUMAN DI KABUPATEN GRESIK Asyik , Nur Fadjrih; Patuh, Maswar; Triyonowati, Triyonowati; Respatia, Wimba; Nur Laily, Nur Laily
Jurnal Kreativitas dan Inovasi (Jurnal Kreanova) Vol 2 No 3 (2022): September
Publisher : Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24034/kreanova.v2i3.5265

Abstract

Tujuan dari kegiatan Pengabdian Kepada Masyarakat ini adalah pelaku UMKM mampu melakukan pencatatan keuangan dengan tertib, mampu memisahkan pencatatan keuangan pribadi dan usaha, serta para pemilik dapat lebih mudah dalam mengelola keuangan usahanya. UMKM makanan minuman di Kabupaten Gresik terdiri dari produk olahan ikan, olahan makanan laut, makanan tradional dan minuman tradional khas Gresik. Namun dalam perkembangannya UMKM Makanan dan Minuman (mamin) mengalami kendala, karena UKM ini masih menggunakan manajemen tradisional, yaitu pengelolaan keuangan masih tercampur dengan antara uang pribadi dan uang usaha, hal ini karena belum adanya pencatatan setiap transaksi keuangan. Pengelolaan keuangan menjadi suatu masalah UMKM karena pemilik usaha mengabaikan pentingnya pengelolaan laporan keuangan. Solusi untuk menangani permasalahan UMKM yaitu dengan memberikan pelatihan dan pendampingan pengelolaan keuangan menggunakan aplikasi Access dan Aplikasi pembukuan toko Buku Warung. Diharapkan semua UKM makanan dan minuman mampu untuk mengelola keuangan usahanya menggunakan aplikasi pembukuan toko Buku Warung, sehingga UMKM usahanya semakin meningkat dan berkembang.
CORPORATE GOVERNANCE AND PROFITABILITY ON EARNINGS MANAGEMENT IN INDONESIAN INFRASTRUCTURE FIRMS: THE ROLE OF LEVERAGE Agus Hocky; Teddy Chandra; Triyonowati Triyonowati
Maneggio Vol. 2 No. 5 (2025): OCTOBER-MJ
Publisher : PT. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/6yb3jx21

Abstract

This study investigates the influence of profitability, audit firm size, and the proportion of independent commissioners on earnings management, with leverage as a mediating variable. The research focuses on companies in the infrastructure sector listed on the Indonesia Stock Exchange (IDX) between 2017 and 2022. Employing a managerial balance sheet perspective and structural equation modeling, the study finds that audit firm size, independent commissioners, and leverage significantly affect earnings management. Profitability and audit firm size also influence leverage. Furthermore, leverage mediates the relationship between profitability and earnings management and partially mediates the relationship between audit firm size and earnings management. These findings offer valuable implications for improving corporate governance and enhancing the quality of financial reporting, especially in sectors highly dependent on debt financing.