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Journal : Jurnal Ekonomi

THE EFFECT OF PROFITABILITY, SOLVENCY AND LIQUIDITY ON COMPANY VALUE WITH DIVIDEND POLICY AS INTERVENING VARIABLES Aditya Agung SetiaBudi; Sulastri Sulastri; Yuliani Yuliani
Jurnal Ekonomi Vol. 12 No. 3 (2023): Jurnal Ekonomi, 2023, September
Publisher : SEAN Institute

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Abstract

Study This aim For know “ Influence Profitability, Solvency, and Liquidity to Company Value with Policy Dividend as intervening variable ”. Sample study This taken from company manufacturers listed on the Indonesia Stock Exchange (IDX) in 2018-2022 with purposive sampling method. Obtained 29 Companies as sample, which is observed for 5 years with total observations as many as 145. Data collection techniques using documentation from report finance published on the IDX's official website, namely www.idx.co.id. Analysis used_is use analysis path. Research results This show that Profitability influential positive and significant to Policy Dividend, Solvability No influential to Policy Dividend, Liquidity influential in a manner positive and significant to Policy dividend. Profitability influential positive and significant on Firm Value, Solvability No influential on Company Value, Liquidity influential significant on Corporate Values, Policies Dividend influential positive and significant to Company Value.
THE EFFECT OF FINANCIAL DISTRESS, CAPITAL STRUCTURE AND FIRM SIZE ON FIRM VALUE IN THE BANKING SECTOR IN SOUTHEAST ASIA Budi Santoso; Sulastri Sulastri; Muizzudin Muizzudin; Marlina Widiyanti
Jurnal Ekonomi Vol. 12 No. 04 (2023): Jurnal Ekonomi, 2023
Publisher : SEAN Institute

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Abstract

The purpose of this study was to determine the effect of financial distress proxied by Financial Distress Score (FDS), the effect of capital structure proxied by Debt to Equity Ratio (DER) and the effect of firm size proxied by Total Assets (TA) on Firm Value (FV) in the banking sector in Southeast Asia. The number of samples in the study were 82 banks selected through purposive sampling method with the observation period for 2018 to 2022. This research is descriptive statistics with classical assumption tests. The analysis technique used is panel data regression where the common effect model (CEM) is chosen as the best model for this study. The results of the study with the coefficient of determination  show that the FDS, DER and TA variables are able to explain changes in firm value by 4.72%. The results of research with the t test show that FDS has no effect on firm value, DER has a significant positive effect on firm value and TA has a significant positive effect on firm value.