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PROFITABILITAS SEBAGAI VARIABEL INTERVENINGPADA ANALISIS LIKUIDITAS DAN UKURAN PERUSAHAAN TERHADAP KEBIJAKAN 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

Abstract

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

Abstract

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.
Analysis of the Potential Impact of Central Bank Digital Currency (CBDC) on Banking in Indonesia Gunawan, Risma; Asrul Yatimi, Muh.; Sartika, Farahiyah
International Journal of Business and Applied Economics Vol. 3 No. 5 (2024): September 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijbae.v3i5.11519

Abstract

This research aims to analyze the potential impact of implementing Central Bank Digital Currency (CBDC) on banking stability in Indonesia and identify factors that influence economic actors in using CBDC. This research used descriptive qualitative methods with literature studies. The data sources for research are bibliographic or come from various types of literature, including books, journals, articles, newspapers, modules, personal documents, etc. The research results show that implementing CBDC can reduce the number of deposits in banks, increase competition, and change banking business models. However, CBDCs can also improve financial inclusion and payment system efficiency. Factors that influence the use of CBDC include the level of trust, security, cost, and public literacy and education. The implication of this research is to enrich financial literature by introducing a new concept regarding digital money issued by central banks. In addition, the research results can be used to design risk mitigation strategies that may arise due to switching from cash to digital money.
PENGARUH EFISIENSI MODAL KERJA, LIKUIDITAS, DAN SOLVABILITAS TERHADAP PROFITABILITAS (Studi Pada Perusahaan Farmasi yang Terdaftar di BEI Periode 2007-2011) Sartika, Farahiyah; Herawati, Juni
Jurnal Ilmiah Mahasiswa FEB Vol. 2 No. 1
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study aims to determine the effect of the  efficiency of working capital (working capital turnover), liquidity (current ratio), and solvency (debt to total assets ratio) toward profitability (return on investment) either simultaneously or partially in the pharmaceutical company listed on the Indonesian Stock Exchange over period 2007-2011. Type of research used in this research is associative research that aims to explain the relationship between two or more variables  through hypothesis testing. The sampling technique used was purposive sampling and obtained a sample of 7 companies. Data which have already collected are processed with classic assumption test before hypothesis test. To test the hypothesis proposed in this study  used multiple regression analysis.   The results of the research  simultaneously  using F test  showed  that  all  of  the three  independent  variables  have a significant effect  on profitability  (return on investment). The results of the research partially using t test showed that  liquidity  (current ratio)  have positive significant influence on  profitability  (return on investment). While the efficiency of working capital (working capital turnover) and solvency (debt to  total  assets ratio)  have no significant influence  on profitability  (return on investment). Keywords: Profitability, Efficiency of Working Capital, Liquidity, Solvency