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The Effect Of ROA And FAR On Company Value With Dividend Policy As An Intervening Variable In Industrial Sector Companies Listed On The IDX Aklima, Wiwin; Suryadi, Edy
EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis Vol 13 No 2 (2025): April
Publisher : UNIVED Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37676/ekombis.v13i2.7062

Abstract

This study aims to determine the effect of ROA and FAR on Company Value with Dividend Policy as an Intervening Variable in Industrial Sector Companies Listed on the IDX. The number used in this study is the Industrial Sector Listed on the Indonesia Stock Exchange (IDX) in 2020-2022. This type of research is quantitative, secondary data, and purposive sampling. The technique used in collecting samples with multiple linear analysis using SPSS 19. The results of this study in equation 1 ROA and FAR have a significant effect on Company Value. And in equation 2 ROA, FAR, and Company Value partially do not affect dividend policy as an intervening variable.
The Influence of Return On Assets, Debt To Equity Ratio, and Sales Growth on Company Value with Dividend Payout Ratio as a Moderating Variable in the Property & Real Estate Sector on the Indonesian Stock Exchange irna sulistiany; Edy Suryadi
Dinasti International Journal of Economics, Finance & Accounting Vol. 6 No. 2 (2025): Dinasti International Journal of Economics, Finance & Accounting (May-June 2025
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijefa.v6i2.4262

Abstract

This study aims to examine the effect of return on assets, debt to equity ratio, and sales growth on company value with dividend payout ratio as a moderating variable. The study uses a quantitative method with an associative approach. The data type in this study is secondary data. The population of this study consists of all companies in the property and real estate sector. The sampling technique used in this study is purposive sampling. The sample consists of 30 companies. The results show that return on assets, debt to equity ratio, and sales growth significantly influence company value. Additionally, dividend payout ratio moderates the effect of return on assets, debt to equity ratio, and sales growth on company value.
The Impact of Financial Literacy, Financial Inclusion, and Income on Financial Behavior of Msmes in The Culinary Sector in Sekadau Regency Utari, Ria; Suryadi, Edy
JHSS (JOURNAL OF HUMANITIES AND SOCIAL STUDIES) Vol 9, No 2 (2025): Journal of Humanities and Social Studies
Publisher : UNIVERSITAS PAKUAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33751/jhss.v9i2.12678

Abstract

This study aims to examine the impact of financial literacy, financial inclusion, and income on the financial behavior of MSMEs in the culinary sector in Sekadau Regency. MSMEs play a significant role in the economy, yet many struggle with financial management. The research uses an associative method to understand the relationship between these variables and the financial behavior of MSMEs. Data was collected through questionnaires distributed to 150 MSME owners in the culinary sector in Sekadau, with additional secondary data obtained from official documents. The results show that financial literacy, financial inclusion, and income all have a positive and significant impact on the financial behavior of MSMEs. Among these variables, income has the largest impact, followed by financial inclusion and financial literacy. The F-test results indicate that, collectively, these three variables have a significant effect on financial behavior. The t-test results also show that financial literacy and financial inclusion have a positive effect on financial behavior individually, with income having the greatest impact. Additionally, the normality test results indicate that the data is normally distributed, the linearity test shows a linear relationship between the variables, and the multicollinearity test confirms that there is no high correlation between the independent variables. Overall, the study suggests that improving financial literacy, increasing access to financial services, and boosting income can help MSMEs improve their financial behavior. These findings provide valuable insights for policymakers and financial institutions in designing programs that can enhance financial management among MSMEs.
The Effect of Profitability, Liquidity, and Dividend Policy on Firm Value With Capital Structure as an Intervening Variable in Companies in the Consumer Cyclicals Sector on the Indonesian Stock Exchange Adrianti, Aprila; Suryadi, Edy
JHSS (JOURNAL OF HUMANITIES AND SOCIAL STUDIES) Vol 9, No 2 (2025): Journal of Humanities and Social Studies
Publisher : UNIVERSITAS PAKUAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33751/jhss.v9i2.12675

Abstract

This study aims to examine the influence of profitability, liquidity, and dividend policy on firm value with capital structure as an intervening variable in consumer cyclicals companies listed on the Indonesia Stock Exchange during the period 2021-2023. This study uses secondary data obtained from official websites such as www.idx.co.id and www.bi.go.id. The sample consists of 114 companies, selected using purposive sampling. Data analysis techniques include normality tests, multicollinearity tests, autocorrelation tests, heteroskedasticity tests, linearity tests, and path analysis to examine the relationships between variables. The results of the study indicate that in the first simultaneous test (F-test), there is no significant influence between profitability, liquidity, dividend policy, and capital structure on firm value. However, in the second regression, which included capital structure as an intervening variable, it was found that profitability, liquidity, and dividend policy significantly influenced firm value. The t-test results showed that in the first regression, profitability, liquidity, dividend policy, and capital structure did not significantly influence firm value, as the t-statistic values were smaller than the t-table values and the significance values were greater than 0.05. Meanwhile, in the second regression, the variables profitability, liquidity, and dividend policy through capital structure have a significant influence on firm value, with t-statistics greater than the t-table value and significance values less than 0.05. Future research may consider additional variables such as risk management and external factors to deepen understanding of the factors influencing company value in other sectors.
The Effect of Dividend Policy, Risk Management, and Institutional Ownership on Financial Performance with Capital Structure as a Moderating Variable (an Empirical Study on the Consumer Non-Cyclicals Sector Listed on the Indonesia Stock Exchange) Cahyati, Novia Dwi; Suryadi, Edy
JHSS (JOURNAL OF HUMANITIES AND SOCIAL STUDIES) Vol 9, No 2 (2025): Journal of Humanities and Social Studies
Publisher : UNIVERSITAS PAKUAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33751/jhss.v9i2.12690

Abstract

This study aims to examine the influence of Dividend Policy, Risk Management, and Institutional Ownership on Financial Performance, with Capital Structure as a moderating variable. Using a quantitative approach and secondary data from non-cyclical consumer companies listed on the Indonesia Stock Exchange between 2022 and 2024, this study applies moderated regression analysis to test the proposed hypotheses. The model used meets all classical assumptions and is therefore considered appropriate for analysis. The results indicate a very weak relationship between the variables studied, with only 2.7% of financial performance variation explained by the independent variables and their interaction with Capital Structure. Both simultaneous and individual variable tests did not show a significant effect on financial performance. Additionally, Capital Structure does not significantly moderate the relationship between the independent variables and financial performance. These findings suggest that investors and stakeholders should consider additional factors beyond the variables studied to evaluate company performance more comprehensively. Further research is recommended to include broader variables such as operational efficiency, leverage, liquidity, and corporate governance, while using larger and more diverse datasets to improve generalizability and provide deeper insights. 
The Effect of Current Ratio, Return on Assets, and Total Assets Turnover on Firm Value with Company Size as a Moderating Variable in The Manufacturing Sector Indah, Chintiya Manisha; Suryadi, Edy
JHSS (JOURNAL OF HUMANITIES AND SOCIAL STUDIES) Vol 9, No 2 (2025): Journal of Humanities and Social Studies
Publisher : UNIVERSITAS PAKUAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33751/jhss.v9i2.12691

Abstract

This study aims to examine the effect of Current Ratio, Return on Assets, and Total Assets Turnover on firm value with Firm Size as a moderating variable in the manufacturing sector listed on the Indonesia Stock Exchange (IDX) during the period 2021-2023. The use of financial ratios such as Current Ratio, Return on Assets, and Total Assets Turnover is expected to provide insights into the financial health of companies related to increases in company value. This study employs an associative quantitative approach using secondary data obtained from annual reports of companies meeting specific criteria. The sample consists of 43 manufacturing companies listed on the IDX. Data analysis was conducted using Moderated Regression Analysis (MRA) and classical assumption tests, including normality, multicollinearity, autocorrelation, heteroskedasticity, and linearity tests. The results indicate that Current Ratio and Return on Assets significantly influence company value, while Total Assets Turnover does not show a significant influence. Company size was found to moderate the influence of Return on Assets on firm value, but did not moderate the influence of Current Ratio and Total Assets Turnover. The resulting regression model explained 86.5% of the variation in firm value. This study provides important insights for investors and company management to consider financial ratios, particularly Return on Assets, in assessing investment potential and strategies for enhancing firm value.
The Influence of Financial Behavior, Income, and Risk on the Use of Shopee PayLater among the People of Singkawang City with Locus of Control as a Moderating Variable Hiddaryah, Elfi; Suryadi, Edy
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 3 (2025): Sharia Economics
Publisher : Sharia Economics Department Universitas KH. Abdul Chalim, Mojokerto

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

Abstract

This study aims to analyze the influence of financial behavior, income, and risk on the use of Shopee PayLater services in Singkawang City, with locus of control serving as a moderating variable. The research employs an associative quantitative approach. A total of 150 active Shopee PayLater users were selected as respondents using purposive sampling. The research instruments were tested for validity and reliability, followed by data analysis through multiple linear regression and Moderated Regression Analysis (MRA). The results indicate that financial behavior and income have a significant positive effect on the use of Shopee PayLater, while risk does not show a significant influence. Locus of control is proven to moderate the relationship between financial behavior and income with the use of Shopee PayLater, but it does not moderate the relationship between risk and the use of the service. These findings suggest that individuals with a high level of self-control tend to use digital credit services more wisely. This study offers a meaningful contribution to understanding the psychological and financial factors that influence consumer behavior in using digital financial services in the era of financial technology.
The Influence of Income, Financial Literacy, Financial Behavior, and Lifestyle on the Personal Financial Management of Employees at RSUD Pemangkat Melanu, Virginia Melantika; Suryadi, Edy
Electronic Journal of Education, Social Economics and Technology Vol 6, No 2 (2025)
Publisher : SAINTIS Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33122/ejeset.v6i2.849

Abstract

This study aims to analyze the influence of income, financial literacy, financial behavior, and lifestyle on the personal financial management of employees at RSUD Pemangkat. The research uses an associative quantitative approach with data collected through questionnaires distributed to 188 civil servants as respondents. The data analysis technique applies multiple linear regression along with instrument testing and classical assumption tests. The correlation coefficient (R) of 0.769 and the coefficient of determination (R²) of 59.2% indicate that the independent variables can explain the variation in personal financial management. The F-test results show that income, financial literacy, financial behavior, and lifestyle simultaneously have a positive and significant effect on financial management. The t-test results indicate that income, financial literacy, and financial behavior have a positive and significant effect, while lifestyle has a negative and significant effect on financial management. These findings highlight the importance of increasing income, improving financial literacy, fostering good financial behavior, and controlling a consumptive lifestyle to support effective personal financial management among employees. The practical implication is the need for financial education programs and more optimal income management strategies. Future research is recommended to examine other external factors such as social pressure and macroeconomic conditions, as well as to conduct comparative studies across different institutions to enrich the findings.
The Influence of Financial Literacy, Financial Technology, and Financial Inclusion on The Financial Performance of SMEs in the Services and Trade Sectors in Pontianak City Nurfazrina, Iva; Suryadi, Edy
Electronic Journal of Education, Social Economics and Technology Vol 6, No 2 (2025)
Publisher : SAINTIS Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33122/ejeset.v6i2.781

Abstract

This study aims to analyze the influence of financial literacy, financial technology, and financial inclusion on the financial performance of SMEs in the service and trade sectors in Pontianak City. The background of this research lies in the importance of financial literacy and inclusion in improving business sustainability, as well as the limited utilization of financial technology among SME actors. This research employs an associative method with a quantitative approach. The population consists of all SMEs in the service and trade sectors in Pontianak City, totaling 2,218 units. A sample of 150 respondents was selected using proportionate stratified random sampling. Data were collected through questionnaires and analyzed using validity and reliability tests, classical assumption tests, multiple linear regression analysis, t-test, and F-test. The results of the F-test indicate that financial literacy, financial technology, and financial inclusion simultaneously have a significant effect on financial performance. The t-test results show that financial literacy and financial inclusion have a positive and significant partial effect on financial performance, while financial technology does not have a significant influence. The coefficient of determination (R²) is 0.071, indicating that the three independent variables explain only 7.1% of the variation in financial performance, while the remaining 92.9% is influenced by other variables not examined in this study. These findings highlight the importance of strengthening financial literacy and inclusion among SME actors to enhance their financial performance. Meanwhile, the use of financial technology still requires optimization through proper education and guidance.
The Effect of Capital Adequacy, Lending Interest Rates, Credit Risk and Third Party Funds on Return on Asset (ROA) (Empirical Study on Conventional Banking Companies Listed on the Indonesia Exchange in 2019-2023) Munzir, Antoni; Mareta, Sigit; Khaled, Januar; Suryadi, Edy
Journal of Accounting and Finance Management Vol. 6 No. 3 (2025): Journal of Accounting and Finance Management (July - August 2025)
Publisher : DINASTI RESEARCH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/jafm.v6i3.1243

Abstract

This study is to determine the effect of third party fund growth, credit interest rates, credit risk, capital adequacy and economic conditions on profitability in the banking industry on the Indonesian stock exchange. The population in this study were banking companies on the Indonesian Stock Exchange for the period 2019-2023. The sampling technique used was purposive sampling, and 25 banking company. The data collection method used in this study was non-participant observation. The data analysis technique was carried out using multiple linear regression analysis with the help of the SPSS 27.0 application. Findings: The results of this study indicate that Capital Adequacy has a positive and insignificant effect on Return on Assets (ROA). Interest Rate Level has a positive and significant effect on Return on Assets (ROA). Credit Risk has a positive and significant effect on Return on Assets (ROA). Third Party Funds have a positive and insignificant effect on Return on Assets (ROA). The results of this study have implications for the Community who will invest, giving them a better basis in making savings and investment decisions. The author explains the importance of the Influence of Capital Adequacy, Credit Interest Rates, Credit Risk and third party funds on Return on Assets (ROA).
Co-Authors Adi Nugraha Aditya Rahman Lapian Adrianti, Aprila Aklima, Wiwin Alamsyah, Dedi Ali Djamhuri Andiles Kusnadi Sentosa Anggi Nico Flatian Anggraini, Sulistina ANNE NURAINI Ardilla, Ridha Aryani, Stevani Dinda Audi Putra Cahyabhuana Azhari Dwi Pramesti Bambang Aris Sistanto Bambang Widadi Boy Macklin Pareira Prawiranegara Cahyati, Novia Dwi Candra Melati Candy Permata Sari Chaerul Wahidin Charina Agnesia Chay Asdak Dedi Hariyanto Dedi Ruswandi Deviansyah Deviansyah Dwi Rustam Kendarto Efri Mardawati Eka Fitryani Elly, Trisnawati Ezperanza, Putri Febrianda, Adinda Rachmadhani Fenni Supriadi Fitri Punden Asih Flatian, Anggi Nico Heni Safitri Heni Safitri Hiddaryah, Elfi Imariani Imariani Indah Budiastutik Indah, Chintiya Manisha Insani, Fitrah Rahmah irna sulistiany Juliati Juliati Julistiana 01 Kania Gita Pramadita Khaled, Januar Kharisma Dewi Kamaratih Kharistya Amaru Kharistya Amaru Kharistya Amaru Kharistya Amaru Kharistya Amaru Leni Suharni Linda Suwarni Lucyana Trimo M. Haris Hidayat Mareta, Sigit Melanu, Virginia Melantika Muhamad Akbar Anugrah Muhammad Faturinaldi Muhammad Saukat Muhammad Syafii Muiszudin Muiszudin Munzir, Antoni Muthia Larasati Necky Saputra Neni Triana M. Novi Arniati Nur Ilham Tri Hartono Nurfazrina, Iva Nurpilihan Bafdal Pebrianti, Grestika Pipiet Anggreiny Putri Rebekka Ririn Dwi Jayanti Rizky Ayu Aalimah Rizky Mulya Sampurno Robby Andoyo Robi Andoyo Romi Ferdian Rony Jusfarani Ruhama, Ufi Rusmin Nuryadin Salsabila Surya Santosa Samsuddin Samsuddin Sarwono, Eko Selviana Selviana Setiawan, Timotius Silvy Santika Siti Julinah Sofiyuddin, Hanhan A. Sohia Dwiratna Nur Perwitasari Sophia Dwiratna Sophia Dwiratna Sophia Dwiratna Sophia Dwiratna N. P. Sophia Dwiratna Nur Perwitasari Sophia Dwiratna Nur Perwitasari Sophia Dwiratna, Sophia Sri Fatimah Sukardi Sukardi Sumiyati Sumiyati Tiara Putri Dwi Dayani Tita Rialita Totok Herwanto Tri Diyaningtiyas Untung Pribadi Utari, Ria Vetheras Dawani Wagiono - Wahdah Wahdah Wahyu Arianto Wahyu Kristian Sugandi Widyastutik, Otik Yazid Bindar Yessi Carolina Yosini Deliana Deliana Yulianingtias, Riccarizki Yulianto Yulianto Yuliatin Yuliatin Yuyun Yuwariah Zahari Zahari Zaida -