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Factor Influence Analysis of Corporate Value with Firm Size As Moderator Variable in Indonesia Stock Exchange Jaja Suteja; Muhammad Rida Abas
Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi Vol 13, No 1 (2018): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (840.482 KB) | DOI: 10.24269/ekuilibrium.v13i1.916

Abstract

Corporate value is the representation of people’s judgement towards the company’s performance in general that usually correlated with stock price. Maximizing corporate value is the main goal of a company. By doing so, it will also improve the prosperity of shareholders. This present study aims to analyze the influence of capital structure, dividend policy, and profitability towards the corporate value by involving firm size as the moderator variable. The subjects are the companies of consumer goods industry sector that has been registered in Indonesia Stock Exchange from 201 until 2016. The result showed that capital structure, dividend policy, and profitability simultaneously have influence towards the corporate value with coefficient of determination (R2) 20.17%. Thus, moderately, firm size can negatively moderate the correlation between capital structures towards corporate value. However, it cannot moderate the correlation between ldividend policies towards the corporate value. Keywords: Corporate Value, Capital Structure, Dividend Policy, Profitability, Firm Size
KEPUTUSAN INVESTASI, PENDANAAN, KEBIJAKAN DIVIDEN TERHADAP KINERJA KEUANGAN DAN NILAI PERUSAHAAN Gita Anggia; Jaja Suteja
Jurnal Riset Bisnis dan Manajemen Vol. 12 No. 2 (2019): Edisi Agustus
Publisher : Faculty of Economic and Business, University of Pasundan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23969/jrbm.v12i2.2762

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh keputusan investasi, keputusan pendanaan, dan kebijakan dividen terhadap kinerja keuangan dan dampaknya terhadap nilai perusahaan properti, real estate, dan konstruksi bangunan yang terdaftar di Bursa Efek Indonesia periode 2012-2017. Metode yang digunakan adalah deskriptif dan verifikatif dengan jumlah sampel 17 perusahaan. Teknik pengumpulan data yang digunakan adalah penelitian pustaka dan online. Metode analisis data yang digunakan adalah analisis regresi. Hasil penelitian menunjukkan bahwa keputusan investasi, keputusan pendanaan, dan kebijakan dividen secara bersama-sama mempengaruhi kinerja keuangan sebesar 22,50%, sedangkan secara parsial mempengaruhi kinerja keuangan masing-masing sebesar 10,0%, 7,78% dan 4,72%. Selanjutnya kinerja keuangan berpengaruh terhadap nilai perusahaan sebesar 33,7%.
Brand Valuation of Garment Companies for Tax Purposes Rahmat Heryat Furqon; Azhar Affandi; Jaja Suteja; Dadang Suwanda
Kontigensi : Jurnal Ilmiah Manajemen Vol 10 No 2 (2022): Kontigensi: Jurnal Ilmiah Manajemen
Publisher : Program Doktor Ilmu Manajemen, Universitas Pasundan, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56457/jimk.v10i2.280

Abstract

Valuation of intangible assets is carried out to determine a certain value objectively and professionally in accordance with regulatory provisions for non-monetary assets with no identifiable or unidentifiable physical form (goodwill). Many intangible assets will not be recognized in the financial statements because they fail to meet the definition of an asset or the recognition criteria. The transfer of Intangible Assets often uses Book Value so that there is no tax obligation, the purpose of this study is to determine the Fair Market Value of Intangible Assets in the form of Brands for tax purposes with valuation that is to carry out financial statement analysis, macroeconomic analysis, industry analysis and application of Approaches and Methods Selected rating. The approach used is using the Income Approach with the Royalty Savings Method, the results of the valuation obtained the Fair Market Value of Brand X of Rp. 23,978,000,000; (Twenty Three Billion Nine Hundred Seventy Eight Million Rupiah).
THE EFFECT OF LIQUIDITY, ASSET STRUCTURE AND SALES GROWTH ON THE CAPITAL STRUCTURE AND ITS IMPLICATIONS FOR SHARE PRICES MODERATED BY BI INTEREST RATES Dede Yusuf; Jaja Suteja; Atang Hermawan
Jurnal Ekonomi Vol. 12 No. 01 (2023): Jurnal Ekonomi, 2023 Periode Januari - Maret
Publisher : SEAN Institute

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

Abstract

This study aims to influence liquidity, asset structure and sales growth on the capital structure and its implications for share prices moderated by BI interest rates. This research uses a quantitative approach. The tool used in this study is multiple regression analysis where there is a relationship between independent variables and dependent variables. The results of this study stated that liquidity, asset structure and sales growth significantly affected the capital structure of manufacturing companies listed on the Indonesia Stock Exchange from 2009 to 2018. Liquidity has asignificantly affectscapital structure of manufacturing companies listed on the Indonesia Stock Exchange. the greater the liquidity, the higher the ability to pay off its short-term debt to manufacturing companies listed on the Indonesia Stock Exchange from 2009 to 2018. Asset structure affects the capital structure of manufacturing companies listed on the Indonesia Stock Exchange from 2009 to 2018. Sales growth affected the capitalmanufacturing companies' capital structureonesia Stock Exchange from 2009 to 2018. The capital structure affects the price of manufacturing companies listed on the Indonesia Stock Exchange from 2009 to 2018. The capital structure affects the share price moderated by BI interest rates on manufacturing companies listed on the Indonesia Stock Exchange from 2009 to 2018.
Pemberdayaan Masyarakat Non Produktif Kecamatan Baleendah Kabupaten Bandung melalui Budidaya Tanaman Hias Ida Yayu Nurul Hizqiyah; Jaja Suteja; Uus Toharudin; Yusuf Ibrahim; Cartono Cartono; Darta Darta; Dini Riani; Dheni Harmaen
Jurnal Indonesia Mengabdi Vol. 4 No. 2 (2022): December Edition
Publisher : Lembaga Penelitian dan Pengabdian kepada Masyarakat (LPPM) STKIP Nurul Huda

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30599/jimi.v4i2.1657

Abstract

During the current pandemic, people are looking for activities that can fill their spare time, one of which is the cultivation of ornamental plants. In addition to channeling hobbies, ornamental plant cultivation can increase people's income by marketing products to the market. The purpose of this activity is to provide knowledge and skills in the cultivation of Sirih Gading (Epipremnum aureum) ornamental plants vegetatively and by cuttings, to partners and provide information about business prospects and marketing strategies for fruit and ornamental plants in Griya Prima Asri Complex, Kec. Baleendah, Kab. Bandung. The selection of the Sirih Gading (Epipremnum aureum) ornamental plant as the object of service because this plant can grow in Indonesian climatic conditions, easy to care for, easy to observe and measure its growth, such as number of leaves, leaf width, leaf length, stem height, and root length. In addition, marketing assistance for ornamental plant products and fruit plants that are developed vegetatively is also carried out. The methods used are socialization, workshops/training, and monitoring. The results of this activity were 90% of the participants stated that the ornamental plant propagation training provided benefits and knowledge to cultivate and develop them into entrepreneurial prospects, in the midst of many people who lost their jobs due to the impact of the pandemic.
Determinan Profitabilitas Bank: Suatu Studi pada Bank yang Terdaftar di BEI Jaja Suteja; Gerinata Ginting
TRIKONOMIKA Vol 13 No 1 (2014): June Edition
Publisher : Faculty of Economics and Business, University of Pasundan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1348.713 KB) | DOI: 10.23969/trikonomika.v13i1.485

Abstract

This research is aimed at providing empirical evidence of the impact of non interest income, Non Interest Expense, Loan Loss Provisions, Equity, Total Assets, GDP, Market Capitalization on ROA. This research sampled 20 banks listed in Indonesia Stock Exchange during the research period that is 2003 to 2011. Data were analyzed using multiple regression method. Based on the result of analysis, it is concluded that Non Interest Income, Non Interest Expense, Loan Loss Provisions, Equity, Total Assets, GDP, Market Capitalization have significant effect on ROA.
Determinan Return Saham Industri Otomotif dan Komponen yang Terdaftar di BEI Jaja Suteja; Patrisius Seran
TRIKONOMIKA Vol 14 No 1 (2015): June Edition
Publisher : Faculty of Economics and Business, University of Pasundan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (376.164 KB) | DOI: 10.23969/trikonomika.v14i1.594

Abstract

This study is aimed at determining the effect of Return on Equity (ROE), Debt to Equity Ratio (DER), Net Profit Margin (NPM), inflation, exchange rates, and interest rates on stock return of Automotive Industry and its Components. The method used is in this research is data panel regression and the period of research is from 2009 to 2013. The result showed that the ROE, DER, NPM, inflation, exchange rates, and interest rates affect the stock return of Automotive Industry and its Components. Partially, ROE and inflation positively affect the stock return, while the exchange rates and interest rates negatively affect the stock return. The rest, DER and NPM have no effect on stock return.
Does Corporate Social Responsibility Shape the Relationship between Corporate Governance and Financial Performance? Jaja Suteja; Ardi Gunardi; Rani Janisa Auristi
Indonesian Journal of Sustainability Accounting and Management Vol. 1 No. 2 (2017): December 2017
Publisher : Universitas Pasundan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28992/ijsam.v1i2.33

Abstract

The correlation between theoretical and empirical of corporate governance (CG) and corporate financial performance (CFP) is not there without controversy. This paper aims to determine the moderating effects of corporate social responsibility (CSR), on the relationship between corporate governance and corporate financial performance. The sample of this research are banking companies that are listed on Indonesia Stock Exchange between the period of 2010-2014, taken by using purposive sampling method. Moderated Regression Analysis (MRA) analysis was used in this study. The results of this study indicate that corporate governance affects the company's financial performance positively. Aspects of corporate governance such as audit committees and number of board meetings have a positive relationship with financial performance, but there is no relationship from the aspect of independent board of commissioners. Furthermore, CSR can only strengthen the positive relationship between the number of board of commissioners’ meetings and the financial performance of the company. The frequency intensity of board of commissioners’ meetings can increasingly address corporate governance reforms by improving and realizing social responsibility as part of sustainability innovation by optimizing media and CSR reporting methods.
HERDING BEHAVIOR IN THE SHARIA CAPITAL MARKET ON INVESTMENT DECISIONS Adibah Yahya; Azhar Affandi; Aldrin Herwani; Atang Hermawan; Jaja Suteja
JRAK Vol 16 No 1 (2024): April Edition
Publisher : Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23969/jrak.v16i1.12172

Abstract

Herding behaviour is an irrational decision-making because it is the following of other investors. Using information asymmetry as a moderating variable, this research aims at identifying the factors that influenced investment decisions. The research object was the Jakarta Islamic Index, and the data used were quarterly data from 2019 to 2021. The methods of sampling and analysis used were the panel data regression method and the purposive sampling method. The results showed that volatility, exchange rate, market sentiment and firm size positively and significantly affected herding behaviour. Information asymmetry strengthened the influence of herding behaviour on investment decisions. Furthermore, investors and potential investors could use the results to make future investment decisions.
Determinants of Bank Profitability and Implications for Company Value with Moderating Dividend Policy Sutiman Sutiman; Jaja Suteja; Mokhamad Anwar; Rachmawaty Rachmawaty
Owner : Riset dan Jurnal Akuntansi Vol. 8 No. 3 (2024): Artikel Research July 2024
Publisher : Politeknik Ganesha Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33395/owner.v8i3.2181

Abstract

The research is quantitative and the objective is to determine the internal (Loan Quality, Third Party Fund, Managerial Efficiency) and external (BI Rate, Inflation) variables that determine Bank profitability, and the impact of this profitability on company value by moderating the Bank's stock dividend policy. The method used is panel data regression and moderated regression analysis using Eviews 10. The data used is secondary data with a sample of 10 Book 4 banks listed on the Indonesian Stock Exchange for the 2011-2020 period. The results obtained are first Loan Quality, Third Party Funds, Managerial Efficiency, Bank Indonesia Interest Rates and Inflation Rates simultaneously have a significant and positive effect on Banking Profitability, second Banking Profitability partially has a significant and positive effect on Company Value and third Banking Profitability which is moderated by Dividend Policy partially has a significant and positive effect on Company Value