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Pengaruh Profitabilitas dan Leverage terhadap Nilai Perusahaan Manufaktur di BEI Periode 2018-2021 Juliana Magdalena; Ignatius Roni Setyawan
Jurnal Manajerial Dan Kewirausahaan Vol. 5 No. 2 (2023): Jurnal Manajerial dan Kewirausahaan
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jmk.v5i2.23410

Abstract

Tujuan dari penelitian ini adalah untuk menguji pengaruh profitabilitas dan leverage terhadap nilai perusahaan. Profitabilitas diukur dengan Return on Assets (ROA) dan Earning Per Share (EPS) sementara leverage diukur dengan Debt to Equity Ratio (DER) dan Times Interest Earned Ratio (TIER). Penelitian ini menggunakan metode purposive sampling sehingga diperoleh sampel sebanyak 69 perusahaan (276 observasi) dari perusahaan manufaktur terdaftar di Bursa Efek Indonesia periode 2018-2021. Model penelitian dalam penelitian ini adalah regresi linear berganda dengan data panel. Hasil penelitian menunjukkan bahwa ROA berpengaruh positif dan signifikan terhadap PBV, EPS berpengaruh positif dan signifikan terhadap PBV, DER berpengaruh positif dan signifikan terhadap PBV, TIER berpengaruh positif dan tidak signifikan terhadap PBV. The purpose of this research is to examine the effect of profitability and leverage on firm value. Profitability is measured by Return on Assets (ROA) and Earning Per Share (EPS) while leverage is measured by Debt to Equity Ratio (DER) and Times Interest Earned Ratio (TIER). This study used a purposive sampling method to obtain a sample of 69 companies (276 observations) from manufacturing companies listed on the Indonesia Stock Exchange for the 2018-2021 period. The research model in this study is multiple linear regression with panel data. The results showed that ROA had a positive and significant effect on PBV, EPS had a positive and significant effect on PBV, DER had a positive and significant effect on PBV, TIER had a positive and insignificant effect on PBV.
Determinant Factors of Infrastructure Firm’s Value in Indonesia Stock Exchange Jasen Sugiarto Effendy; Ignatius Roni Setyawan
International Journal of Application on Economics and Business Vol. 1 No. 1 (2023): February 2023
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v1i1.115-123

Abstract

This study will test whether profitability, solvency and firm size have influenced to the firm value for the infrastructure sector companies listed in IDX. Using the purposive sampling, this study obtains 30 companies from the 2018-2021 so that the total number of observations is 120 firm-years. The analysis result conducted by data panel regression shows that profitability and firm size have a significant effect on the firm value at level 10% and 5% respectively. The other finding is that solvency does not affect firm value. From this result, the study will imply that infrastructure sector firms in IDX have considered profitability and size in the effort of maximizing the company value and they actually tend not to use debt as the major regular financing sources.
The Effects of Demographic Factors on Investment Decision: Financial Literacy and Behavioral Bias as Mediating Variables Alwina Salim; Ignatius Roni Setyawan
International Journal of Application on Economics and Business Vol. 1 No. 1 (2023): February 2023
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v1i1.409-417

Abstract

In society after COVID-19 Pandemic, awareness on financial well-being is on the rise and many attempts to achieve it through investment. But, to invest means to make decision among numerous alternatives and risks. This research aims to find out how investment actors’ demographic factors, financial literacy, and behavioral bias affect the investment decisions they make, where it highlights upon a point still rarely disclosed: whether financial literacy and behavioral bias are able to mediate the relationship between demographic factors and investment decision. The result for SEM-PLS analysis of 151 young investment actors below the age of 25 and adult investment actors of 25 years old and above shows that behavioral bias can act as a mediator while financial literacy cannot; demographic factors that is addition of family members, financial management behavior of financial literacy, and behavioral bias in the form of overconfidence all have a positive and significant effect as well. These findings give the implication that responsibilities towards one’s family, as well as financial behavior and self-confidence, play a noticeable role on investment decision.
Pengaruh Keberadaan Direksi Wanita, Leverage, dan Profitabilitas terhadap Nilai Perusahaan Yolenta Precia; Ignatius Roni Setyawan
Jurnal Manajerial Dan Kewirausahaan Vol. 5 No. 3 (2023): Jurnal Manajerial dan Kewirausahaan
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jmk.v5i3.25451

Abstract

Tujuan dari penelitian ini yaitu untuk melakukan pengujian yang berkaitan dengan pengaruh keberadaan direksi wanita, leverage, dan profitabilitas terhadap nilai perusahaan. Nilai perusahaan diukur dengan PBV, keberadaan direksi wanita diukur dengan variabel semu (DWOMEN), leveragediukur dengan DER, dan profitabilitas diukur dengan ROE. Penelitian ini menggunakan sampel sebanyak 57 perusahaan (228 observasi) pada perusahaan terdaftar Indeks Kompas 100 di Bursa Efek Indonesia periode 2018-2021. Teknik pengambilan sampel dalam penelitian ini menggunakan metode purposive sampling. Model penelitian yang digunakan adalah model regresi linier berganda dengan menggunakan data panel. Hasil penelitian ini adalah keberadaan direksi wanita dan profitabilitas memiliki pengaruh positif dan signifikan terhadap nilai perusahaan. Sedangkan, leveragememiliki pengaruh negatif dan signifikan terhadap nilai perusahaan. This study aims to conduct tests related to the influence of the existence of women directors, leverage, and profitability on firm value. Firm value was measured by PBV, the existence of women directors was measured by dummy variable (DWOMEN), leverage was measured by DER, and profitability was measured by ROE. This study used a sample of 57 companies (228 observations) in listed companies of Kompas 100 Index on the Indonesia Stock Exchange for the 2018-2021 period. The sampling technique in this study used a purposive sampling method. The research model used a multiple linear regression model using panel data. The results of this study are the presence of women directors and profitability have a positive and significant impact on firm value. Meanwhile, leverage has a negative and significant effect on firm value.
Determinants Of Traffic Effectiveness From E-Commerce In Indonesia Before And During The Pandemic Ignatius Roni Setyawan; Agustin Ekadjaja; Margarita Ekadjaja; Wilson Wijaya
Jurnal Manajemen Vol. 27 No. 3 (2023): Ocktober 2023
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jm.v27i3.1370

Abstract

This study studies the determining factor for the effectiveness of e-commerce traffic in Indonesia. Four factors influence the level of effectiveness of e-commerce traffic. The first two factors are App Store and Play Store rankings. The next factor is the number of interactions with social media users, such as Twitter, Facebook, and Instagram. The last factor determining the effectiveness of e-commerce traffic is the number of employees from each e-commerce company. Using panel data regression, this study has obtained that the Play Store rank has a more significant effect on the effectiveness of e-commerce traffic than the App Store rank. The other findings are that social media visitors do not affect significantly, while the number of employees has a positive relationship and significantly influences the effectiveness of traffic e-commerce.
Faktor-faktor penentu nilai perusahaan sektor konsumsi non-cyclicals di Bursa Efek Indonesia tahun 2018-2021 Novrida Fransisca Situmorang; Ignatius Roni Setyawan
Jurnal Manajemen Bisnis dan Kewirausahaan Vol 7 No 4 (2023): Jurnal Manajemen Bisnis dan Kewirausahaan
Publisher : Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jmbk.v7i4.25377

Abstract

Background: Maximizing firm value is the primary goal of shareholders. Along with changes in business conditions driven by the industrial revolution 5.0, companies must implement the right strategy to make innovations by utilizing the company’s resources. Management of intellectual capital, implementation of good corporate governance, and maximizing financial performance are one of the methods that companies can use to increase value. Research Question: How much influence do intellectual capital, good corporate governance, and financial performance have on firm value? Motivation: Investors in Indonesia tend not to consider non-financial factors in the investment decision-making process. Idea: This study tries to analyze whether non-financial factors such as intellectual capital and good corporate governance affect firm value, and how much influence financial performance has in increasing firm value. Data: 42 non-cyclical consumption sectors listed on the Indonesia Stock Exchange (IDX) in 2018-2021. Methods/Tools: This study used panel data regression to examine the alternative hypothesis. Findings: The results of this study indicate that intellectual capital and good corporate governance have no significant effect on firm value, while financial performance has a significant effect on firm value. Contribution: The results of this study contribute to investment decision-making by investors. Latar Belakang: Memaksimalkan nilai perusahaan adalah tujuan utama pemegang saham. Memaksimalkan nilai perusahaan adalah tujuan utama pemegang saham. Seiring dengan perubahan kondisi bisnis yang didorong oleh era revolusi industri 5.0, perusahaan harus menerapkan strategi yang tepat agar dapat melakukan inovasi dengan memanfaatkan sumber daya yang dimiliki perusahaan. Pengelolaan intellectual capital, penerapan good corporate governance, dan memaksimalkan kinerja keuangan adalah salah satu metode yang dapat dilakukan perusahaan untuk meningkatkan nilai. Pertanyaan Penelitian: Seberapa besar pengaruh pengelolaan intellectual capital, good corporate governance, dan kinerja keuangan terhadap nilai perusahaan? Motivasi: Masih banyak investor di Indonesia yang belum memperhatikan faktor non keuangan dalam proses pengambilan keputusan investasi. Ide: Penelitian ini mencoba menganalisis apakah faktor non-keuangan, seperti pengelolaan intellectual capital dan good corporate governance memengaruhi nilai perusahaan di mata investor, dan seberapa besar pengaruh kinerja keuangan meningkatkan nilai perusahaan. Data: 42 perusahaan sektor konsumsi non-cyclicals yang terdaftar di Bursa Efek Indonesia (BEI) pada tahun 2018-2021. Metode/Alat Uji: Penelitian ini menggunakan regresi data panel untuk menguji hipotesis alternatif. Temuan: Hasil penelitian ini menunjukkan bahwa intellectual capital dan good corporate governance tidak berpengaruh signifikan terhadap nilai perusahaan, sedangkan kinerja keuangan berpengaruh signifikan terhadap nilai perusahaan. Kontribusi: Hasil penelitian ini berkontribusi untuk keputusan pengambilan keputusan investasi oleh investor.
Faktor-faktor pengaruh profitabilitas pada perusahaan food and beverage di Indonesia pada tahun 2017-2021 Even Filipus Sugiarcu; Ignatius Roni Setyawan
Jurnal Manajemen Bisnis dan Kewirausahaan Vol 7 No 5 (2023): Jurnal Manajemen Bisnis dan Kewirausahaan
Publisher : Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jmbk.v7i5.26498

Abstract

The purpose of this research is to identify the effect of liquidity, firm size, and firm growth on profitability in companies with the food and beverage sub-sector listed on the IDX in 2017-2021. The data in this study were taken using the time series research design method. The sample collection technique in this study was to use quantitative research methods. The results of this study indicate that liquidity affects profitability, firm size does not affect profitability, and firm growth affects profitability. Tujuan dari riset ini adalah untuk mengidentifikasi pengaruh antara pengaruh likuiditas, firm size, dan firm growth terhadap profitabilitas pada perusahaan dengan sub sektor food and beverage yang terdaftar di BEI pada tahun 2017-2021. Data dalam penelitian ini diambil menggunakan metode penelitian kuantitatif. Teknik pengumpulan sampel dalam penelitian ini adalah menggunakan purposive sampling. Hasil penelitian ini menunjukkan likuiditas berpengaruh terhadap profitabilitas, firm size tidak berpengaruh terhadap profitabilitas, dan pertumbuhan perusahaan (firm growth) berpengaruh terhadap profitabilitas.
Pengaruh Ukuran Perusahaan, Likuiditas, dan Profitabilitas terhadap Struktur Modal Perbankan Tahun 2017-2021 Aldo Chandra; Ignatius Roni Setyawan
Jurnal Manajerial Dan Kewirausahaan Vol. 5 No. 4 (2023): Jurnal Manajerial dan Kewirausahaan
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jmk.v5i4.26924

Abstract

Tujuan dari penelitian ini adalah untuk mengetahui pengaruh ukuran perusahaan, likuiditas, dan profitabilitas terhadap struktur modal perusahaan perbankan yang terdaftar di Bursa Efek Indonesia pada tahun 2017-2021. Penelitian ini menggunakan teknik pengambilan sampel purposive samplingdalam menentukan sampel yang spesifik. Terdapat 40 sampel perusahaan pada penelitian ini selama 5 tahun (200 observasi). Pengambilan data sekunder dilakukan pada website resmi Bursa Efek Indonesia yakni www.idx.co.id. Metode analisis pada penelitian ini adalah analisis regresi data panel dengan software pengolah data Eviews 12. Struktur modal diukur dengan Debt to Equity Ratio (DER), ukuran perusahaan diukur dengan Size, likuiditas diukur dengan Current Ratio (CR), dan profitabilitas diukur dengan Return on Asset (ROA). Hasil penelitian menunjukkan ukuran perusahaan tidak mempengaruhi struktur modal, likuiditas mempengaruhi secara negatif dan signifikan terhadap struktur modal, dan profitabilitas tidak mempengaruhi struktur modal. The purpose of this study was to determine the effect of company size, liquidity, and profitability on the capital structure of banking companies listed on the Indonesia Stock Exchange in 2017-2021. This study used a purposive sampling technique to determine a specific sample. There were 40 samples of companies in this study for 5 years (200 observations). Secondary data collection was carried out on the official website of the Indonesia Stock Exchange, namely www.idx.co.id. The method of analysis in this study is panel data regression analysis with data processing software Eviews 12. Capital structure is measured by Debt to Equity Ratio (DER), company size is measured by Size, liquidity is measured by Current Ratio (CR), and profitability is measured by Return on Assets (ROA). The results showed that firm size did not affect capital structure, liquidity had a negative and significant effect on capital structure, and profitability did not affect capital structure.
Faktor-Faktor yang Mempengaruhi Cash Holding pada Perusahaan Manufaktur Sektor Barang Konsumsi Risma Wulan Safitri; Ignatius Roni Setyawan
Jurnal Manajerial Dan Kewirausahaan Vol. 5 No. 4 (2023): Jurnal Manajerial dan Kewirausahaan
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jmk.v5i4.26981

Abstract

Penelitian ini bertujuan untuk menguji faktor-faktor yang mempengaruhi cash holding pada perusahaan manufaktur consumer goods yang terdaftar di Bursa Efek Indonesia periode 2016-2021. Studi ini mengkaji faktor-faktor yang diidentifikasi dalam literatur yang menentukan kepemilikan kas perusahaan termasuk ukuran perusahaan, leverage, belanja modal dan profitabilitas. terdapat 36 perusahaan manufaktur di industri barang konsumsi yang termasuk dalam kriteria penelitian ini yang dipilih secara purposive sampling. Pengujian hipotesis menggunakan estimasi panel least squaresberdasarkan model fixed effect. Terdapat hasil dari penelitian ini bahwa ukuran perusahaan berpengaruh positif tidak signifikan terhadap cash holding, leverage dengan proksi debt to asset ratio (DAR) dan belanja modal berpengaruh negatif dan signifikan terhadap cash holding dan profitabilitas dengan proksi return on assets (ROA) memiliki pengaruh positif dan signifikan terhadap kepemilikan kas. This study aims to examine the factors that influence cash holding in consumer goods manufacturing companies listed on the Indonesia Stock Exchange for the 2016-2021 period. This study examines factors identified in the literature that determine a firm's cash holdings including firm size, leverage, capital expenditure and profitability. there are 36 manufacturing companies in the consumer goods industry that are included in the criteria of this study which were selected by purposive sampling. Hypothesis testing uses panel least squares estimation based on the fixed effect model. There are results from this study that company size has an insignificant positive effect on cash holding, leverage by measuring debt to asset ratio (DAR) and capital expenditure has a negative and significant effect on cash holding and profitability by measuring return on assets (ROA) has a positive and significant effect on cash holdings.
WORKSHOP DIGITAL BANKING DAN FINTECH PADA UMKM TOKO SINAR DI JAKARTA BARAT Setyawan, Ignatius Roni; Ekadjaja, Margarita; Ekadjaja, Agustin
Jurnal Pengabdian Kepada Masyarakat (MEDITEG) Vol. 5 No. 2 (2020): Jurnal Pengabdian Kepada Masyarakat (MEDITEG)
Publisher : Pusat Penelitian dan Pengabdian Kepada Masyarakat (P3M) Politeknik Negeri Tanah Laut (Politala)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34128/mediteg.v5i2.64

Abstract

Tujuan pengabdian kepada masyarakat ini adalah mensosialisasikan digital banking kepada UMKM Toko Sinar dalam bentuk workshop. Target workshop adalah meningkatkan literasi dan inklusi keuangan sesuai dengan program pemerintah yakni adamya digitalisasi perbankan membuat semakin lebar sumber pendanaan bagi setiap UMKM apalagi setelah masuknya sejumlah perusahaan financial technology (fintech) yakni peer to peer lending). Kegiatan workshop dilakukan tanggal 7 Oktober 2019 setelah berdiskusi jadwal beberapa kali dengan pemilik UMKM Toko Sinar. Kegiatan workshop dilakukan dengan beberapa tahapan meliputi pengenalan digital banking, kegunaan dan manfaat digital banking bagi UMKM dan diakhiri dengan diskusi dan tanya jawab. Hasil kegiatan workshop dapat disimpulkan berjalan dengan baik. Peserta yang terdiri dari pemilik dan karyawan sangat antusias mengikuti workshop dan mereka mengakui bahwa memang sangat membutuhkan edukasi tentang pemahaman digitalisasi perbankan. Lebih lanjut mereka juga mengajukan permintaan agar ada keberlanjutan workshop berikutnya dengan topik lebih detil pada`mekanisme dan simulasi pembiayaan fintech untuk tercapainya optimalisasi kegiatan UMKM.
Co-Authors Agustin Ekadjaja Agustin Ekadjaja Agustin Ekadjaja Aldo Chandra Alwina Salim Alwina Salim Amerta Mardjono Andriawan Andriawan Ani Nuraini Bahtiar Usman Bernard Harland Sudiarta Calvina Calvina Carolina, Valentina Christoforus Richard Corryanti Kosasih Devney Mulia Dyah Erny Herwindiati Ekadjaja, Margarita Ellyanti Ellyanti Ernest Theodore Febrianto Sitompul Even Filipus Sugiarcu Fahditia, Amala Handarbeni Setio Wicaksono Hapsari, Claudia Gita Haris Maupa Haris Maupa Husin, Marcellino Indra Listyarti Indra Listyarti Irvandy Irvandy Jasen Sugiarto Effendy Jefferson Indra Gotama Jessyca, Jessyca Jimmy Dwi Laksono Juliana Magdalena Kristian, Jonathan Laurianto, Ferdi William Lukito, Fendy Surya Mardjono, Amerta Margarita Ekadjaja Marlim, Francis Maya Junieta Nathasya Nathasya Nicholas Jonathan Nicholas Tanada Novrida Fransisca Situmorang P. Tommy Y. S. Suyasa Patricia Kurnikova Deli Putri, Aicintya Christy Susila Rae, Olivia Beatrix Rahaditya, R. Ramli, Ishak Risma Wulan Safitri Rorlen, Rorlen Ryan Ryan Sakti Brata Ismaya Salim, Caroline Salsabila Rizqita Desmar Santoso Yohana, Jessika Sheren Danella Jieandy Situmorang, Gavrila Miranda Situmorang, Novrida Fransisca Steven Wijaya Subardja, Bernard Anom Budiman Sugiarcu, Evan Andreas Tamba, Anggi Rantinus Tanamas, Darwin Thesalonica, Tennie Timotius Timotius Valentina Carolina Veline Febri Willyanto Veren Anistasya Verrel, Christopher Vincentius G. Krisnawijaya Wasino Wasino Wijaya, Josephine Christianti Wilson Wijaya Yana, Noven Yohanes Yohanes Yolenta Precia Zenanda, Singgih Setya