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THE ROLE OF COMPANY PERFORMANCE MODERATING CAPITAL STRUCTURE AND COMPANY EXTERNAL FACTORS ON COMPANY VALUE IN THE CONSISTENCY OF THE ECONOMIC RECESSION in 2020 Puji Endah Purnamasari; Farahiyah Sartika
International Journal of Economics, Business and Accounting Research (IJEBAR) Vol 7, No 1 (2023): IJEBAR, VOL. 07 ISSUE 01, MARCH 2023
Publisher : LPPM ITB AAS INDONESIA (d.h STIE AAS Surakarta)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/ijebar.v7i1.7056

An increase in inflation can cause a slowdown or decrease in a country's economic growth, this situation can be called a recession in a country. The decline in the exchange rate of the domestic currency with foreign currencies and the increase in gross domestic product for two quarters, caused many companies to experience losses due to decreased sales and losses experienced by these companies resulted in a decrease in the value of the company which was marked by a decrease in the company's stock price. This study aims to measure the effect of capital structure, inflation, exchange rate, gross domestic product on firm value with firm performance as a moderating variable. The results of this study indicate that capital structure and inflation do not have a significant impact on firm value while the exchange rate and gross domestic product have a significant positive impact on firm value. While the company's performance is not able to modernize the relationship between the independent variable and the dependent variable.

Do CPO price and capital lead to stock price? The mediating role of profitability Ashari, Fajar; Sartika, Farahiyah; Sakti, Muhammad Rizky Prima
Jurnal Kajian Manajemen Bisnis Vol 12, No 1 (2023): Jurnal Kajian Manajemen Bisnis
Publisher : Jurusan Manajemen Fakultas Ekonomi Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmb.12296600

Two factors affect stock prices, internal factors that are directly related to the company which can be seen from the financial statements, namely the capital structure (Debt Equity Ratio) and the profitability or profits obtained by the company (Return on Assets) and external factors related to macroeconomic fundamentals, such as price CPO. The type of data in this research is quantitative data. The research population is a palm oil sector company listed on the Indonesia Stock Exchange from 2020 – 2022. The sample selection technique was carried out based on predetermined criteria so that there were 52 observational data. The analytical tool used in this study is SmartPLS 3. The results show that profitability is not affected by CPO prices, between capital structure and profitability there is a negative and significant effect, and between profitability and stock prices, there also have a negative and significant effect. CPO and DER prices do not affect share prices. Meanwhile, neither CPO prices nor capital structure significantly affect stock prices mediated by profitability

EXPLORING THE ACCEPTANCE OF PEER-TO-PEER LENDING: A MAQASID SHARIAH PERSPECTIVE THROUGH THE TECHNOLOGY ACCEPTANCE MODEL Permatasari, Ditya; Nawirah, Nawirah; Sartika, Farahiyah; Setiani, Setiani
EL DINAR: Jurnal Keuangan dan Perbankan Syariah Vol 12, No 2 (2024): El Dinar
Publisher : Faculty of Economics Universitas Islam Negeri Maulana Malik Ibrahim Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18860/ed.v12i2.29056

This study applies the Technology Acceptance Model (TAM) to assess the adoption of peer-to-peer (P2P) lending by Micro, Small, and Medium Enterprises (MSMEs) in Malang, examining its influence on performance and business growth. Primary data were gathered via questionnaires completed by 192 MSME respondents utilizing P2P lending services. A snowball sampling technique was employed, and the data were analyzed using both descriptive and inferential statistical methods, with structural equation modeling based on Partial Least Squares (PLS). The findings indicate that Perceived Ease of Use exerts a significant positive effect on Perceived Usefulness, and similarly, Perceived Ease of Use positively influences Behavioral Intention to Use. Moreover, Perceived Usefulness significantly enhances Behavioral Intention to Use, which, in turn, positively affects Actual System Use. This research expands the TAM framework within the domain of Islamic financing for MSMEs, emphasizing the role of maqasid sharia in P2P lending. Key principles such as adherence to sharia-compliant transactions, the use of Islamic contracts, transparency, and ethical conduct in financial dealings are central to this framework. The study makes a significant contribution to the literature by illustrating how P2P lending technology, when integrated with sharia principles, can foster the growth and sustainability of MSMEs

KATALOGISASI SEBAGAI UPAYA MENINGKATKAN AKSESIBILITAS DAN RELEVANSI UMKM KAJO PUSPO Setiani; Sartika, Farahiyah
Jurnal Edukasi Pengabdian Masyarakat Vol 3 No 4 (2024): OKTOBER 2024
Publisher : FIP UNIRA MALANG

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36636/eduabdimas.v3i4.5355

Penelitian ini bertujuan untuk mengavaluasi efektivitas katalogisasi sebagai strategi untuk meningkatkan aksesibilitas dan relevansi produk UMKM KAJO Puspo di Pasuruan. Katalogisasi dilakukan dengan mengumpulkan dan menyusun informasi mendetail tentang berbagai aspek kopi KAJO, termasuk jenis, asal-usul, proses produksi, karakteristik rasa, dan harga. Hasil penelitian menunjukkan bahwa proses katalogisasi tidak hanya mempermudah konsumen dan pelaku industri dalam mengenali dan memilih produk, tetapi juga meningkatkan visibilitas dan daya tarik UMKM KAJO Puspo di pasar lokal dan nasional. Katalogisasi juga berperan penting dalam memperkuat identitas dan posisi Kopi Puspo sebagai produk unggulan daerah, yang berkontribusi pada peningkatan daya saingnya di pasar yang semakin kompetitif. Dengan demikian, penelitian ini menyimpulkan bahwa katalogisasi merupakan langkah strategis yang efektif untuk meningkatkan aksesibilitas, relevansi dan pengakuan terhadap UMKM KAJO Puspo, serta mendukung pertumbuhan ekonomi lokal di Pasuruan.

The Influence of Lifestyle and Financial Literacy on Saving Behavior with Self-Control as a Moderating Variable: A Study on Young Workers Nesia, Inggit Lufita Nur Hikmatul; Sartika, Farahiyah
International Journal of Economics Development Research (IJEDR) Vol. 5 No. 5 (2024): International Journal of Economics Development Research (IJEDR)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ijedr.v4i6.6538

The aims of this research is to identify the factors that influence the saving behavior of young employees in Nganjuk Regency. The factors examined include lifestyle and financial literacy, with self-control serving as a moderating variable. A total of 130 young workers in Nganjuk Regency participated in the study through questionnaires. This research employs a quantitative approach, utilizing SPSS 25 for analysis. The results indicate that lifestyle positively impacts saving behavior and has a significant influence, while financial literacy does not affect saving behavior. Furthermore, the findings reveal that self-control does not effectively moderate the relationship between lifestyle and saving behavior, but it does moderate the impact of financial literacy on saving behavior. Overall, this research emphasizes the importance of self-control, a healthy lifestyle, and a solid understanding of financial literacy in enhancing the saving behavior of young workers in Nganjuk Regency.

EARNINGS QUALITY AS A MODERATOR OF DIVIDEND POLICY AND INVESTMENT DECISIONS ON FIRM VALUE HIDIV-20 INDEX Yuliana, Intan Putri; Sartika, Farahiyah
Fokus Ekonomi : Jurnal Ilmiah Ekonomi Vol 20, No 1 (2025): June 2025
Publisher : STIE Pelita Nusantara Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34152/fe.20.1.105-115

This study investigates how dividend policy and investment decision influence the firm value of HIDIV 20 index companies, using earning quality as a moderating factor variable. By applying a sample purposive method, a selection of 20 companies on the IDX from 2020 to 2023 is analyzed. The analysis found that dividend policy has an impact on firm value, while investment decisions have no impact. impact. This study also found that earnings quality moderates the relationship between dividend policy and investment decisions on firm value. Results of this study should be considered by investors who base their investment decisions on a company’s dividend policy, investment decisions, and earnings quality.

Pengaruh Green Innovation dan Green Invesment terhadap Nilai Perusahaan dengan Ukuran Perusahaan sebagai Variabel Moderasi Pada Perusahaan Yang Terdaftar di Indeks IDX LQ45 Low Carbon Leaders Rahmawati, Hanif; Sartika, Farahiyah
Jurnal Ecogen Vol 8, No 2 (2025): Jurnal Ecogen
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jmpe.v8i2.17319

This study aims to examine the effect of green innovation and green investment on firm value, as well as the role of company size as a moderating variable in companies listed on the IDX LQ45 Low Carbon Leaders Index for the period 2022-2024. This study uses a quantitative approach with purposive sampling method and obtained 14 companies as samples. Secondary data is obtained from annual reports and corporate sustainability. Data analysis techniques include multiple linear regression to test the direct effect of independent variables on firm value, as well as Moderated Regression Analysis (MRA) to test the role of company size as a moderating variable. The results showed that green innovation has a positive and significant effect on firm value. However, green investment has no significant effect on firm value. In addition, company size is unable to moderate the effect of green innovation and green investment on firm value. These results provide insight for companies to focus on green innovation as a strategy to improve competitiveness and reputation in the market. This study also has implications for investors and regulators to consider sustainability aspects in decision making.

THE ROLE OF COMPANY PERFORMANCE MODERATING CAPITAL STRUCTURE AND COMPANY EXTERNAL FACTORS ON COMPANY VALUE IN THE CONSISTENCY OF THE ECONOMIC RECESSION in 2020 Purnamasari, Puji Endah; Sartika, Farahiyah
International Journal of Economics, Business and Accounting Research (IJEBAR) Vol 7 No 1 (2023): IJEBAR, VOL. 07 ISSUE 01, MARCH 2023
Publisher : LPPM ITB AAS INDONESIA (d.h STIE AAS Surakarta)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/ijebar.v7i1.7056

An increase in inflation can cause a slowdown or decrease in a country's economic growth, this situation can be called a recession in a country. The decline in the exchange rate of the domestic currency with foreign currencies and the increase in gross domestic product for two quarters, caused many companies to experience losses due to decreased sales and losses experienced by these companies resulted in a decrease in the value of the company which was marked by a decrease in the company's stock price. This study aims to measure the effect of capital structure, inflation, exchange rate, gross domestic product on firm value with firm performance as a moderating variable. The results of this study indicate that capital structure and inflation do not have a significant impact on firm value while the exchange rate and gross domestic product have a significant positive impact on firm value. While the company's performance is not able to modernize the relationship between the independent variable and the dependent variable.

PROFITABILITAS SEBAGAI VARIABEL INTERVENINGPADA ANALISIS LIKUIDITAS DAN UKURAN PERUSAHAAN TERHADAP KEBIJAKANÂ DIVIDEN Kresnawati, Desi; Sartika, Farahiyah
Jurnal Manajemen Vol. 12 No. 1 (2022): JURNAL MANAJEMEN VOL. 12 NO. 1 JUNI 2022
Publisher : Fakultas Ekonomi Universitas Sarjanawiyata Tamansiswa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30738/jm.v12i1.3047

The purpose of this research is to examine the impact of liquidity, firm size, and profitability on dividend policy, as well as the impact of profitability as an intervening variable in the relationship between liquidity, firm size, and dividend policy of manufacturing companies listed on the Indonesia Stock Exchange in the period 2018-2020. The study was done with the help of SmartPLS software and the Partial Least Square (PLS) approach. Purposive sampling was used, with as many as 65 companies participating. This study relied on secondary data. The data was gathered from a variety of sources, including the Central Statistics Agency (BPS), books, reports, journals, and other publications. The findings show that, in the period 2018-2020, liquidity and company size have no effect on dividend policy, profitability does, and profitability cannot be an intervening (bridging) factor between the effects of liquidity and firm size on dividend policy in Indonesian manufacturing companies.

EFEK MODERASI KEBIJAKAN DIVIDEN DALAM PENGARUH PROFITABILITAS SOLVABILITAS TERHADAP NILAI PERUSAHAAN Khasanah, Anisatuz Zahroh; Sartika, Farahiyah
Jurnal Manajemen Vol. 12 No. 1 (2022): JURNAL MANAJEMEN VOL. 12 NO. 1 JUNI 2022
Publisher : Fakultas Ekonomi Universitas Sarjanawiyata Tamansiswa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30738/jm.v12i1.3061

This study aims to analyze the effect of Profitability represented by Return on Assets (ROA) and Solvency represented by Debt to Asset Ratio (DAR) on Firm Value Moderated by Dividend Policy of companies listed in the Kompas 100 Index for the 2019-2021 period. This analysis uses multiple linear regression and moderating regression analysis (MRA). The sampling technique used is purposive sampling, as many as 42 samples at the Kompas 100 Index company for the 2019-2021 period. The results showed that profitability (ROA) had a significant effect on firm value, solvency (DAR) had an effect on firm value. Meanwhile, dividend policy is able to moderate or strengthen the influence of profitability on firm value but is unable to moderate the influence of solvency on firm value.

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