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All Journal Jurnal Manajemen Bisnis dan Kewirausahaan Ilomata International Journal of Tax and Accounting Jurnal Akuntansi Jurnal Manajerial Dan Kewirausahaan International Journal of Application on Economics and Business
Indra Widjaja
BINUS BUSINESS SCHOOL, BINUS UNIVERSITY, JWC Campus, Jl. Hang Lekir I No. 6, Kebayoran Baru, South Jakarta 12120
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

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DAMPAK PENINGKATAN ASSET, PROFITABILITAS DAN LIKUIDITAS TERHADAP LEVERAGE PERUSAHAAN Widjaja, Indra
Jurnal Akuntansi Vol 18, No 3 (2014): September 2014
Publisher : Fakultas Ekonomi dan Bisnis Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (255.673 KB) | DOI: 10.24912/ja.v18i3.276

Abstract

Every public company is required to submit financial statements audited bypublic accountant every year. This study examines the effect of the increase in assets, increase in profitability and increase in liquidity on leverage of public companies in the trade, services and investment sector, which are listed on the stock exchanges of Indonesia. This study used multivariate equation model. The study found that the increase in assets providing a positive influence but not significant. The increase in profitability provides positive influence and significant, while the increase in liquidity provides negative effect significantly.
Analisis pengaruh mekanisme good corporate governance, leverage, dan ukuran perusahaan terhadap tindakan manajemen laba pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia tahun 2014-2016 Selviani, Selviani; Widjaja, Indra
Jurnal Manajemen Bisnis dan Kewirausahaan Vol 1 No 1 (2017): Jurnal Manajemen Bisnis dan Kewirausahaan
Publisher : Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jmbk.v1i1.4763

Abstract

The purpose of this research is to test the influence of good corporate governance mechanisms, leverage, and firm size on earnings management. This research applies good corporate governance mechanisms (with the proxy of managerial ownership, independent commissioner on the board, and audit committee), leverage, and firm size as independent variables, and earning management as dependent variable. The subject of the research is the manufacturing companies (limited to the consumer goods industry sector) which are listed in the Indonesia Stock Exchange from 2014 to 2016. The sample selection is performed by using the purposive sampling method. From this method, it was collected 84 observations from 28 companies during 3 years. By using multiple regression analysis as the research method, the results show that leverage and firm size have influenced earnings management, while good corporate governance mechanisms don’t influence earnings management.
Pengaruh likuiditas terhadap profitabilitas pada perusahaan konstruksi yang terdaftar di Bursa Efek Indonesia tahun 2019-2021 Yellu, Yellu; Widjaja, Indra
Jurnal Manajemen Bisnis dan Kewirausahaan Vol 7 No 6 (2023): Jurnal Manajemen Bisnis dan Kewirausahaan
Publisher : Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jmbk.v7i6.27263

Abstract

The purpose of this research is to determine the effect of liquidity, with the chosen ratios of Current Ratio, Quick Ratio, and Cash Conversion Cycle, on the profitability of a firm, which is indicated by Return on Equity (ROE) and Tangibility and Company Growth as control variables of construction companies with sub-industry of Heavy Construction and Civil Engineering listed in Indonesia Stock Exchange from 2019 to 2022. The sampling method is purposive sampling with a total of 33 samples with chosen criteria. The research employs data panel analysis, and the results show that the Current Ratio and Quick Ratio, which are the most used ratios to indicate liquidity do not have a significant effect on ROE. Meanwhile, the Cash Conversion Cycle, which indicates liquidity in a more dynamic view, was found to have a significant effect on Return on Equity. Two variables of control are used in this research, Tangibility and Company Growth, which both proved to significantly impact ROE. Tujuan dari penelitian ini adalah untuk mengetahui pengaruh likuiditas yang direpresentasikan dengan rasio Current Ratio, Quick Ratio, dan Cash Conversion Cycle terhadap profitabilitas suatu perusahaan yang ditunjukkan dengan Return on Equity (ROE) dan Tangibility, dan Company Growth sebagai variabel kontrol pada perusahaan konstruksi dengan sub industri Konstruksi Berat dan Teknik Sipil yang terdaftar di Bursa Efek Indonesia periode 2019-2022. Metode pengambilan sampel adalah purposive sampling dengan jumlah sampel 33 dengan kriteria terpilih. Penelitian ini menggunakan analisis panel data, dan hasilnya menunjukkan bahwa Current Ratio dan Quick Ratio, yang merupakan rasio yang paling banyak digunakan dalam analisis likuiditas laporan keuangan, tidak berpengaruh signifikan terhadap ROE. Sementara itu, Cash Conversion Cycle yang mengindikasikan likuiditas dalam pandangan yang lebih dinamis ternyata berpengaruh signifikan terhadap Return on Equity. Dua variabel kontrol yang digunakan dalam penelitian ini, Tangibility dan Company Growth, keduanya terbukti berpengaruh signifikan terhadap ROE.
Pengaruh tax planning, kepemilikan institusional, dan leverage terhadap manajemen laba pada perusahaan manufaktur yang terdaftar di BEI dengan profitabilitas sebagai variabel mediasi periode 2019-2022 William, Robin; Widjaja, Indra
Jurnal Manajemen Bisnis dan Kewirausahaan Vol 8 No 2 (2024): Jurnal Manajemen Bisnis dan Kewirausahaan
Publisher : Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jmbk.v8i2.29654

Abstract

The purpose of this research is to determine the effect of tax planning, institutional ownership, and leverage of earnings management by adding the mediating effect of profitability. The data used in this research are from a manufacturing company registered in the Indonesia Stock Exchange over four years from 2019 until 2022. The sample of this research consists of 45 companies from 170 data samples selected using the purposive sampling method. The results of this research show indicate that tax planning and leverage have a significant impact on profitability. Institutional ownership does not affect profitability. Tax planning, institutional ownership, and profitability have a significant impact on earnings management. Leverage does not affect earnings management. Profitability is not able to mediate the effects of institutional ownership but can mediate the effects of tax planning and leverage on earnings management. Tujuan dari penelitian ini adalah untuk mengetahui pengaruh dari tax planning, kepemilikan institusional, dan leverage terhadap manajemen laba dengan menambah profitabilitas sebagai variabel mediasi. Data yang digunakan dalam penelitian ini menggunakan perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia dari tahun 2019-2022. Jumlah sampel pada penelitian ini menggunakan 45 perusahaan dari 170 perusahaan yang telah diseleksi menggunakan metode purposive sampling. Hasil dari penelitian ini menunjukkan bahwa tax planning dan leverage mempunyai pengaruh signifikan terhadap profitabilitas, kepemilikan institusional tidak mempunyai pengaruh terhadap profitabilitas. Tax planning, kepemilikan institusional, dan profitabilitas mempunyai pengaruh signifikan terhadap manajemen laba. Leverage tidak mempunyai pengaruh terhadap manajemen laba. Profitabilitas tidak dapat memediasi pengaruh dari kepemilikan institusional tetapi dapat memediasi pengaruh dari tax planning dan leverage terhadap manajemen laba.
Pengaruh Profitabilitas, Leverage, dan Likuiditas terhadap Financial Distress FMCG Non-Cyclicals di BEI Joshlyn, Janice; Widjaja, Indra
Jurnal Manajerial Dan Kewirausahaan Vol. 6 No. 1 (2024): 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.v6i1.28595

Abstract

Penelitian ini dilaksanakan dengan tujuan untuk mengeksplorasi dampak profitabilitas, leverage dan likuiditas terhadap kecenderungan terjadinya krisis keuangan yaitu financial distress. Fokus kajian ini terarah pada perusahaan sektor consumer goods (FMCG) non-cyclicals yang terdaftar di Bursa Efek Indonesia selama periode 2019-2022. Sampel penelitian terdiri dari 200 data yang diperoleh dari 50 perusahaan, dipilih melalui metode purposive sampling. Proses analisis data menggunakan regresi linear berganda dan diolah dengan menggunakan EViews 12. Hasil temuan penelitian mengindikasikan bahwa leverage berpengaruh negatif terhadap potensi terjadinya financial distress, sedangkan profitabilitas dan likuiditas berpengaruh positif terhadap financial distress. Hasil penelitian ini memberikan kontribusi pemahaman yang lebih mendalam tentang faktor-faktor yang mempengaruhi kondisi financial distress pada perusahaan consumer goods (FMCG) non-cyclicals, dengan implikasi bahwa manajemen risiko keuangan dapat ditingkatkan melalui pemahaman lebih baik terhadap dinamika faktor-faktor tersebut. Temuan ini dapat membantu manajemen perusahaan dan pihak regulator dalam mengambil keputusan yang lebih informasional dan berbasis risiko terkait manajemen keuangan. This research was conducted with the aim of exploring the impact of profitability, leverage, and liquidity on the tendency of financial crises, specifically financial distress. The focus of this study was directed towards non-cyclical consumer goods (FMCG) companies listed on the Indonesia Stock Exchange during the period 2019-2022. The research sample consisted of 200 data points obtained from 50 companies, selected through a purposive sampling method. The data analysis process used multiple linear regression and was processed using EViews 12. The research findings indicate that leverage has a negative impact on the potential occurrence of financial distress, while profitability and liquidity have a positive impact on financial distress. This research contributes to a deeper understanding of the factors influencing the financial distress condition in non-cyclical consumer goods (FMCG) companies, with implications suggesting that financial risk management can be enhanced through a better understanding of these factors. These findings can assist company management and regulatory authorities in making more informed and risk-based decisions related to financial management.
The Effect of Earnings Per Share (EPS), Price Earnings Ratio (PER), and Dividend Payout Ratio (DPR) on the Stock Price of PT Adaro Energy Indonesia Tbk Feriadi, Felix; Widjaja, Indra; Evangelio, Rogue S
Ilomata International Journal of Tax and Accounting Vol. 5 No. 3 (2024): July 2024
Publisher : Yayasan Ilomata

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61194/ijtc.v5i3.1486

Abstract

This study examines the influence of critical financial indicators on the stock price of PT Adaro Energy Indonesia Tbk, with particular emphasis on Earnings Per Share (EPS), Price Earnings Ratio (PER), and Dividend Payout Ratio (DPR) from 2008 to 2023. In the context of escalating global economic integration, organizations encounter significant competitive challenges, rendering financial performance analysis essential for strategic decision-making. Although much study has been conducted on financial ratios, limited studies comprehensively investigate the collective impact of these factors on stock prices within Indonesia's energy industry, particularly over an extended data range. This study employs a quantitative research methodology and multiple regression analysis, revealing that EPS strongly affects stock prices, underscoring its vital importance in shareholder value. The data demonstrate that both EPS and PER exert a substantial influence on stock prices independently, but DPR has no meaningful impact. EPS, PER, and DPR jointly exert a substantial effect, accounting for 65.6% of the volatility in stock prices. These insights enhance the comprehension of the significance of financial measures in stock valuation, offering strategic considerations for investors and corporate management in their decision-making processes.
Pengaruh Struktur Modal, Likuiditas, dan Profitabilitas terhadap Nilai Perusahaan pada Perusahaan Makanan dan Minuman yang Tercatat di BEI Maria, Maria; Widjaja, Indra
Jurnal Manajerial Dan Kewirausahaan Vol. 7 No. 1 (2025): 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.v7i1.32988

Abstract

Penelitian ini bertujuan untuk menguji adanya pengaruh terhadap struktur modal, profitabilitas dan rasio likuiditas terhadap nilai perusahaan. Sampel penelitian ini adalah perusahaan subsector makanan dan minuman yang terdaftar di BEI periode 2017-2022. Data diperoleh dari situs IDX. Dengan regresi panel yang digunakan adalah metode random effect, penelitian ini menemukan bahwa tidak adanya pengaruh antara struktur modal dan rasio likuiditas terhadap nilai perusahaan. Sedangkan profitabilitas memiliki pengaruh terhadap perubahan nilai perusahaan. Oleh karena itu dapat disimpulkan bahwa perubahan laba dapat mempengaruhi nilai perusahaan. This research aims to examine the influence of capital structure, profitability and liquidity ratios on company value. The sample for this research is food and beverage subsector companies listed on the IDX for the 2017-2022 period. Data obtained from the IDX website. With the panel regression method used, this research found that there was no influence between capital structure and liquidity ratios on company value. Meanwhile, profitability has an influence on changes in company value. Therefore, it can be concluded that changes in profits can affect company value.
Strategi pengembangan personal branding terhadap seniman lukis independen di Jakarta Ali, Reynard Jeremy; Widjaja, Indra
Jurnal Manajemen Bisnis dan Kewirausahaan Vol 8 No 6 (2024): Jurnal Manajemen Bisnis dan Kewirausahaan
Publisher : Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jmbk.v8i6.33627

Abstract

This research aims to examine branding development strategies for independent painting artists. This research uses a qualitative approach to case studies of several independent painting artists who have successfully built their brand image through effective branding strategies. The data collection method used was in-depth interviews with independent painting artists who were the subjects of the case study. The collected data was then analyzed using qualitative analysis techniques to identify the main themes that emerged from the interviews. The theoretical basis used in this research includes the concepts of personal branding, strategic management, and painting. Relevant previous research is also used as a reference in developing the thinking framework. It is hoped that the results of this research will provide an in-depth understanding of effective branding development strategies for independent painting artists. With this understanding, independent painting artists can improve their personal branding, better market their art, and achieve their goals in the fine arts industry. The researcher sees the fact that the content creation industry on Instagram social media has great opportunities for both artists who have been working for a long time and also those who are just starting as beginners. The researcher believes that through the data described, namely the use of social media, especially Instagram, is the only and best personal branding development strategy at this time for independent painting artists. Penelitian ini bertujuan untuk mengkaji strategi pengembangan citra merek bagi seniman lukis independen. Penelitian ini menggunakan pendekatan kualitatif dengan studi kasus terhadap beberapa seniman lukis independen yang berhasil membangun citra merek melalui strategi citra merek yang efektif. Metode pengumpulan data yang digunakan adalah wawancara mendalam terhadap seniman lukis independen yang menjadi subjek studi kasus. Data yang terkumpul kemudian dianalisis dengan menggunakan teknik analisis kualitatif untuk mengidentifikasi tema-tema utama yang muncul dari wawancara. Landasan teori yang digunakan dalam penelitian ini meliputi konsep citra merek, manajemen strategis, dan pengecatan. Penelitian-penelitian terdahulu yang relevan juga dijadikan acuan dalam mengembangkan kerangka berpikir. Hasil penelitian ini diharapkan dapat memberikan pemahaman mendalam mengenai strategi pengembangan citra merek yang efektif bagi seniman lukis independen. Dengan pemahaman ini, seniman lukis independen dapat meningkatkan citra mereknya, memasarkan karya seninya dengan lebih baik, dan mencapai tujuannya di industri seni rupa. Peneliti melihat fakta bahwa industri pembuatan konten di media sosial Instagram mempunyai peluang yang besar baik bagi para seniman yang sudah lama berkarya maupun mereka yang baru memulai sebagai pemula. Peneliti meyakini melalui data yang diuraikan, yaitu penggunaan media sosial, khususnya Instagram, merupakan satu-satunya strategi pengembangan citra merek yang terbaik saat ini bagi seniman lukis independen.
Pengaruh kompetensi, independensi, etika profesi auditor, budaya organisasi, dan gaya kepemimpinan terhadap kualitas audit Sisyadi, Brian; Widjaja, Indra
Jurnal Manajemen Bisnis dan Kewirausahaan Vol 8 No 6 (2024): Jurnal Manajemen Bisnis dan Kewirausahaan
Publisher : Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jmbk.v8i6.33634

Abstract

This study aims to examine the influence of auditor competence, independence, professional ethics, organizational culture, and leadership style on audit quality at PT.XYZ. This is a quantitative research focusing on hypothesis testing to analyze the causal relationships between variables. The data used in this study include primary data from interviews and questionnaires, as well as secondary data from published information and related literature. The population of this study consists of all auditors at PT. XYZ during the period 2020-2023, totaling 50 auditors, including independent, internal, and external auditors. The analysis technique used is regression to test the effect of independent variables on audit quality. The results show that auditor competence, professional ethics, organizational culture, and leadership style have a positive and significant influence on audit quality. However, auditor independence, while having a positive effect, does not significantly impact audit quality. These findings highlight the importance of developing auditor competence and professional ethics, as well as fostering a supportive organizational culture and effective leadership to improve audit quality Penelitian ini bertujuan untuk mengkaji pengaruh kompetensi, independensi, etika profesi auditor, budaya organisasi, dan gaya kepemimpinan terhadap kualitas audit di PT. XYZ. Penelitian ini merupakan penelitian kuantitatif dengan pendekatan pengujian hipotesis untuk menganalisis hubungan kausal antar variabel. Data yang digunakan dalam penelitian ini meliputi data primer berupa wawancara dan kuesioner, serta data sekunder yang berasal dari informasi publikasi dan literatur terkait. Populasi dalam penelitian ini adalah seluruh auditor di PT. XYZ selama periode 2020-2023, dengan jumlah 50 auditor, termasuk auditor independen, internal, dan eksternal. Teknik analisis yang digunakan adalah regresi untuk menguji pengaruh variabel independen terhadap kualitas audit. Hasil penelitian menunjukkan bahwa kompetensi auditor, etika profesi, budaya organisasi, dan gaya kepemimpinan memiliki pengaruh positif dan signifikan terhadap kualitas audit. Namun, independensi auditor, meskipun menunjukkan pengaruh positif, tidak memiliki pengaruh signifikan. Temuan ini menegaskan pentingnya pengembangan kompetensi dan etika profesi, serta penerapan budaya organisasi yang mendukung dan gaya kepemimpinan yang efektif untuk meningkatkan kualitas audit.
Efek mediasi profitabilitas dalam kaitan pengaruh dari efisiensi penggunaan aset dan solvabilitas keuangan terhadap harga saham (Studi pada perusahaan pertambangan di Indonesia) Jane, Jennie; Widjaja, Indra
Jurnal Manajemen Bisnis dan Kewirausahaan Vol 9 No 1 (2025): Jurnal Manajemen Bisnis dan Kewirausahaan
Publisher : Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jmbk.v9i1.33844

Abstract

The purpose of this study is to examine the effect of asset utilization efficiency and solvability on stock prices, with profitability as a mediating variable represented by Return on Equity (ROE) in coal mining businesses listed on the Indonesia Stock Exchange between 2020 and 2023. This quantitative study makes use of secondary data in the form of financial statements and stock prices gathered from the official websites of the Indonesia Stock Exchange and Yahoo Finance. Data analysis is performed using a panel data regression model with EViews 12 software. The sample consists of 18 coal mining companies selected using purposive sampling based on specific criteria. The study's findings reveal that asset utilization efficiency, as measured by Total Asset Turnover (TATO), does not significantly impact Return on Equity (ROE). In contrast, solvability, as measured by the Debt-to-Equity Ratio (DER), has a large negative impact on ROE. Furthermore, when examining the direct relationships, it was found that asset utilization efficiency positively and significantly affects stock prices. However, neither DER nor ROE show a significant direct impact on stock prices. Additionally, the analysis indicates that ROE does not mediate the relationship between asset utilization efficiency or solvability and stock prices. Tujuan dalam studi ini adalah untuk menguji pengaruh efisiensi penggunaan aset dan solvabilitas terhadap harga saham yang mana faktor profitabilitas yang memakai proksi Return on Equity (ROE) sebagai mediator yang memakai sampel perusahaan sektor pertambangan batu bara yang diperdagangkan di Bursa Efek Indonesia untuk masa penelitian tahun 2020–2023. Penelitian ini menggunakan metode kuantitatif dengan data sekunder berupa laporan keuangan dan harga saham yang diperoleh dari situs resmi Bursa Efek Indonesia dan Yahoo Finance. Analisis data dilakukan dengan model regresi panel data menggunakan software EViews 12. Sampel penelitian terdiri dari 18 perusahaan batu bara yang dipilih menggunakan teknik purposive sampling berdasarkan kriteria tertentu. Hasil penelitian menunjukkan bahwa efisiensi penggunaan aset tidak berpengaruh signifikan terhadap ROE, sedangkan solvabilitas (DER) memiliki pengaruh negatif signifikan terhadap ROE. Dalam analisis hubungan langsung, efisiensi penggunaan aset berpengaruh positif signifikan terhadap harga saham, sedangkan DER dan ROE tidak berpengaruh signifikan terhadap harga saham. Selain itu, ROE tidak mampu memediasi hubungan antara efisiensi penggunaan aset maupun solvabilitas terhadap harga saham.
Co-Authors Ali, Reynard Jeremy Carunia Mulya Firdausy, Carunia Mulya Evangelio, Rogue S Feriadi, Felix Harun, Priadi Henryanto Wijaya Jane, Jennie Joshlyn, Janice Maria Maria Selviani, Selviani Simanjuntak, Lydia Maya Miranda Sisyadi, Brian Tirta, Chaleblim Silvanus William, Robin Yaslim, Owen Agustin Yellu, Yellu