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Dampak Lingkungan Keuangan terhadap Nilai Perusahaan pada Industri Pertambangan Saputra, Briyan Dwi; Rasjid, Herlina; Amali, Lanto Miriatin
AKADEMIK: Jurnal Mahasiswa Ekonomi & Bisnis Vol. 4 No. 3 (2024): AKADEMIK: Jurnal Mahasiswa Ekonomi & Bisnis
Publisher : Perhimpunan Sarjana Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37481/jmeb.v4i3.890

Abstract

This research aims to analyze and determine the influence of the financial environment on company value in the oil and gas sub-sector mining industry listed on the BEI in 2017-2022. The population here is all oil and gas subsector companies listed on the Indonesia Stock Exchange (BEI) in 2017-2022. The sampling technique in this research used a purposive sampling method with a sample size of 30 people. The data collection technique in this research uses documentation techniques, namely looking for financial report data published by companies from 2017 to 2022. The analytical test used to test this research is multiple linear regression analysis. The research results show that the liquidity ratio has no partial effect on company value. The activity ratio has a partial effect on company value, the leverage ratio has a partial effect on company value, and the profitability ratio has a partial effect on company value. Then the financial environment simultaneously influences company value. The financial environment influences company value with a coefficient of determination of 42.7% while the remaining 57.3% is influenced by other variables not examined in this research.
Pengaruh Perputaran Piutang dan Perputaran Modal Kerja terhadap Profitabilitas Luthfiyyah Muhadzdzab; Herlina Rasjid; Raflin Hinelo
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 5 No. 12 (2024): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v5i12.5379

Abstract

This research aim to determine the effect of Receivables Turnover and Working Capital Turnover on Profitability in General Insurance Companies Listed on the Indonesia Stock Exchange from 2019 to 2023. The sampling technique for this research is purposive sampling, and the number of samples consists of 9 banking companies. The data collection technique in this research uses secondary data from financial statement data published by General Insurance Companies Listed on the Indonesia Stock Exchange (IDX). The data analysis uses multiple linear regression analiysis, and the data analysis method uses the SPSS 23 application. The test result using multiple linear regression shows that, partially, working capital turnover contributed to a negative and significant effect on profitability, meaning that the increase and decrease in working capital do not affect the profits received by the company. Receivables Tunover hand a positive and significant effect on profitability. Simultan eously, Accounts Receivables Turnover and Working Capital Trunover effected Profitability General Insurance Companies.
Dampak Modal Sosial dan Literasi Keuangan terhadap Inklusi Keuangan BUMDes di Kabupaten Gorontalo Kayla Az Zahra Abd. Latief; Herlina Rasjid; Srie Isnawaty Pakaya
GEMILANG: Jurnal Manajemen dan Akuntansi Vol. 6 No. 1 (2026): Jurnal Manajemen dan Akuntansi
Publisher : BADAN PENERBIT STIEPARI PRESS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56910/gemilang.v6i1.3431

Abstract

This research is motivated by the importance of Village-Owned Enterprises (BUMDes) as drivers of the village economy, in accordance with Permendesa PDTT Number 4 of 2015, which aims to improve community welfare through the management of assets, services, and businesses. However, many BUMDes face obstacles such as the low quality of human resources managers, a lack of understanding of financial literacy among the community, and sub-optimal relations with the village government, which cause many BUMDes to be inactive or not yet contribute significantly. In Gorontalo Regency, out of 191 BUMDes in 2020, 61 had not yet reported financial administration due to the managers' lack of capability. Transparent, accountable, and sustainable financial management of BUMDes requires adequate financial literacy. In addition, social capital in the form of traditions, networks, and trust in rural areas plays an important role in driving BUMDes economic activities and realizing welfare and poverty alleviation. Although the financial literacy rate in Gorontalo society reached 49.68% in 2022, there is still a gap with financial inclusion, which reached 85.10%. Therefore, this study aims to analyze the impact of social capital and financial literacy on the financial inclusion of BUMDes in Gorontalo Regency.
PENGARUH HARGA SAHAM DAN VOLUME PERDAGANGAN SAHAM TERHADAP BID ASK SPREAD INDEKS LQ-45 PERIODE 2019-2021 (STUDI KASUS SEBELUM DAN SELAMA TERJADINYA PANDEMI COVID-19) Simbuang, Bella Sri Lestari; Pongoliu, Yayu Isyana D.; Rasjid, Herlina
JAMBURA: Jurnal Ilmiah Manajemen dan Bisnis Vol 7, No 2 (2024): JIMB - VOLUME 7 NOMOR 2 SEPTEMBER 2024
Publisher : Universitas Negeri Gorontalo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37479/jimb.v7i2.27465

Abstract

Abstrak: Penelitian ini bertujuan untuk menguji pengaruh Harga Saham (X1) Volume Perdagangan Saham (X2) terhadap Bid-Ask Spread pada indeks LQ-45 periode 2019-2021. Sample dalam penelitian ini adalah Perusahaan yang terdaftar di Bursa Efek Indonesia dalam Indeks LQ-45 selama periode 2018-2021. Jenis data yang digunakan adalah data sekunder yang bersumber dari Laporan Keuangan. Metode analisis data yang digunakan adalah analisis data kuantitatif. Teknik analisis data yang digunakan adalah Uji Normalitas dan Uji Paired Samples T-Test. Hasil penelitian menunjukkan bahwa Harga Saham berpengaruh negatif dan signifikan terhadap Bid-Ask Spread pada Perusahaan Indeks LQ-45 yang dapat dilihat dari nilai t-hitung sebesar -14.722 untuk periode 2019-2021 dengan nilai ttabel sebesar 2.611 sedangkan Volume Perdagangan Saham sebesar -8.747 untuk periode 2019=2021 dengan nilai ttabel sebesar 2.611. sedangkan secara simultan harga saham dan volume perdagangan saham berpengaruh signifikan terhadap Bid-Ask Spread pada Perusahaan indeks LQ-45.
Pengaruh Gaya Kepemimpinan Terhadap Motivasi Kerja Pegawai Pada Dinas Kesehatan Provinsi Gorontalo Herliana, Herliana; Rasjid, Herlina; Monoarfa, Valentina; Abdussamad, Zulfia K
JAMBURA: Jurnal Ilmiah Manajemen dan Bisnis Vol 6, No 3 (2023): JIMB - VOLUME 6 NOMOR 3 Januari 2024
Publisher : Universitas Negeri Gorontalo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37479/jimb.v6i3.23285

Abstract

Tujuan penelitian ini adalah untuk mengetahui seberapa besar pengaruh gaya kepemimpinan terhadap motivasi kerja pegawai pada dinas kesehatan Provinsi Gorontalo. Penelitian ini menggunakan pendekatan kuantitatif dengan metode yang digunakan dalam penelitian ini adalah metode kuantitatif kolerasional dengan jumlah sampel 139 orang pegawai. Teknik pengumpulan data yang digunakan dalam penelitian ini adalah wawancara, kuesioner, dokumentasi serta teknik analisis data pada penelitian ini menggunakan regresi sederhana. Hasil Penelitian menunjukan bahwa terdapat pengaruh positif dan signifikan antara gaya kepemimpinan terhadap motivasi kerja pegawai pada dinas kesehatan Provinsi Gorontalo. Besar pengaruh gaya kepemimpinan terhadap motivasi kerja pegawai pada dinas kesehatan Provinsi Gorontalo mencapai 15,3% sedangkan sisanya sebesar 84,7% dipengaruhi oleh faktor lain yang tidak diteliti dalam penelitian ini.
Contribution of Profitability and Company Size to Company Value (A Study of Agricultural Sector Issuers Listed on the Indonesia Stock Exchange in 2019-2023) Amran, Nanda Pratiwi; Rasjid, Herlina; Selvi
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 4 (2025): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i4.621

Abstract

This study was conducted to analyze the effect of profitability and company size on company value in the agricultural sector listed on the Indonesia Stock Exchange (IDX) for the 2019–2023 period. The background of this study is based on fluctuations in agricultural sector stock performance that reflect the dynamics of company value due to changes in profitability and company size. The purpose of this study is to determine the extent of the influence of profitability variables as measured by Net Profit Margin (NPM) and company size as measured by Ln total assets on company value proxied by Tobin's Q. This study uses a quantitative approach with secondary data obtained from the annual financial reports of 12 agricultural companies over five years of observation, with a total of 60 observation data. The analysis was carried out using multiple linear regression with the help of SPSS software version 22. The results show that profitability has a positive and significant effect on company value, while company size has a negative and significant effect on company value. Simultaneously, profitability and company size have a significant effect on company value. These findings indicate that increasing profits has an important role in building investor confidence, while the size of assets does not always reflect the efficiency of company management and performance. The resulting policy implication is the need for company management to focus on increasing profitability to strengthen the company's value in the capital market.
Contribution of Profitability and Company Size to Company Value (A Study of Agricultural Sector Issuers Listed on the Indonesia Stock Exchange in 2019-2023) Amran, Nanda Pratiwi; Rasjid, Herlina; Selvi
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 4 (2025): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i4.621

Abstract

This study was conducted to analyze the effect of profitability and company size on company value in the agricultural sector listed on the Indonesia Stock Exchange (IDX) for the 2019–2023 period. The background of this study is based on fluctuations in agricultural sector stock performance that reflect the dynamics of company value due to changes in profitability and company size. The purpose of this study is to determine the extent of the influence of profitability variables as measured by Net Profit Margin (NPM) and company size as measured by Ln total assets on company value proxied by Tobin's Q. This study uses a quantitative approach with secondary data obtained from the annual financial reports of 12 agricultural companies over five years of observation, with a total of 60 observation data. The analysis was carried out using multiple linear regression with the help of SPSS software version 22. The results show that profitability has a positive and significant effect on company value, while company size has a negative and significant effect on company value. Simultaneously, profitability and company size have a significant effect on company value. These findings indicate that increasing profits has an important role in building investor confidence, while the size of assets does not always reflect the efficiency of company management and performance. The resulting policy implication is the need for company management to focus on increasing profitability to strengthen the company's value in the capital market.
DAMPAK LITERASI KEUANGAN TERHADAP KINERJA BUMDES DENGAN MODERASI MODAL SOSIAL Herlina Rasjid; Srie Isnawaty Pakaya
CAPITAL: Jurnal Ekonomi dan Manajemen Vol. 9 No. 1 (2025)
Publisher : UNIVERSITAS PGRI MADIUN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25273/capital.v8i2.21341

Abstract

Penelitian ini bertujuan untuk menganalisis dampak literasi keuangan terhadap kinerja Badan Usaha Milik Desa (bumdes) dengan mempertimbangkan peran modal sosial sebagai faktor moderasi. Kebaruan penelitian ini terletak pada penggabungan antara literasi keuangan dan modal sosial dalam satu model analisis, yang jarang dibahas secara bersamaan dalam konteks bumdes. Sebagian besar penelitian sebelumnya hanya fokus pada hubungan langsung literasi keuangan terhadap kinerja tanpa memperhitungkan dampak dari modal sosial. Selain itu, penelitian ini memberikan kontribusi praktis dalam pengembangan kebijakan dan strategi peningkatan kinerja BUMDes dengan mempertimbangkan kondisi unik yang ada di desa, terutama di Provinsi Gorontalo. Pendekatan kuantitatif digunakan melalui survei kepada 150 pengurus bumdes dengan metode Stratified Random Sampling dalam pengumpulan data. Analisis penelitian menggunakan SEM-PLS dengan menggunakan teknik analisis data SmartPLS 3.2.7. Hasil analisis menunjukkan bahwa literasi keuangan memiliki pengaruh positif dan signifikan terhadap kinerja BUMDes, sementara modal sosial memperkuat hubungan tersebut. Temuan ini menggarisbawahi pentingnya meningkatkan literasi keuangan dan memanfaatkan modal sosial dalam mengoptimalkan kinerja BUMDes.
Kinerja Keuangan sebagai Mediator Hubungan Struktural Aset, Sumber Pembiayaan dan Nilai Perusahaan Rasjid, Herlina; Dungga, Meriyana Franssisca; Masse, Hamka
Jurnal Ilmu Manajemen Vol. 15 No. 2 (2026): Jurnal Ilmu Manajemen
Publisher : Universitas Muhammadiyah Palembang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32502/jim.v15i2.1141

Abstract

This study aims to analyze the effect of asset structure and financing sources on firm value with financial performance as a mediating variable in the Indonesian agricultural industry. The sample consisted of 24 agricultural companies during the 2020–2024 period, and the analysis was conducted using Structural Equation Modeling – Partial Least Squares (SEM-PLS). The findings reveal that financial performance, measured by Return on Assets (ROA) and Net Profit Margin (NPM), does not mediate the relationship between asset structure or financing sources and firm value, which was measured using Tobin’s Q and Price to Book Value (PBV). Asset structure, represented by fixed asset proportion and current ratio, does not significantly affect financial performance, as fixed assets in agricultural companies are often less productive in the short term and current ratio does not always reflect efficiency. Similarly, financing sources, measured by debt to assets ratio and debt to equity ratio, show no significant impact on financial performance, as high risk in agriculture makes debt financing increase interest burdens without ensuring profitability. These results highlight that firm value in the agricultural sector is more strongly shaped by external factors. Thus, improving firm value requires integrated strategies combining efficient asset management, innovative financing policies, and adaptation to external dynamics.
Accountability And Transparency Analysis Of Local Government Financial Performance (Study of Regional Apparatus Organizations (OPD) in Pohuwato Regency) Rasyid, Sitti Rizqi Aulia; Blongkod, Harun; Rasjid, Herlina
Dhana Vol. 1 No. 3 (2024): DHANA-SEPTEMBER
Publisher : Pt. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/b6d2ac20

Abstract

Since the implementation of performance-based budgeting, all local governments have been obligated to create good financial performance of their local governments. As such, financial performance is one of the most significant topics to be studied in public sector organizations, including the government. the growing calls from public sector entities including national and local governments and government work units for the adoption of public accountability. The purpose of this study is to ascertain how accountability and transparency affect local governments' financial performance. This study employs a quantitative methodology. Purposive sampling is the method used in the sampling process. In order to collect primary data for this study, 210 respondents were given questionnaires. The study's conclusions demonstrate that: 1) Accountability has a positive and significant impact on the local government's financial performance; 2) Transparency has a positive and significant impact on financial performance; and 3) Accountability and Transparency have a significant impact on the Pohuwato Regency Regional Government's financial performance at the same time.