Claim Missing Document
Check
Articles

Found 2 Documents
Search
Journal : Forum Ekonomi : Jurnal Ekonomi, Manajemen dan Akuntansi

Pengaruh atribut dewan direksi dan struktur kepemilikan terhadap kinerja perusahaan dengan struktur modal sebagai variabel intervening Iskandar Itan
FORUM EKONOMI Vol 23, No 2 (2021): April
Publisher : Faculty of Economics and Business Mulawarman University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30872/jfor.v23i2.7989

Abstract

Penelitian ini bertujuan untuk meneliti peran struktur modal sebagai mediator pada hubungan atribut dewan direksi, struktur kepemilikan dan kinerja perusahaan. Data panel dari 370 perusahaan non-keuangan yang listed pada Bursa Efek Indonesia untuk periode 2014 hingga 2018 digunakan pada penelitian ini dan dianalisis dengan SPSS dan Eviews. Dalam penelitian ini, proxy atribut dewan dan struktur kepemilikan adalah ukuran dewan direksi, komisaris independen, kepemilikan manajerial serta kepemilikan institusional, sedangkan leverage keuangan dan return on equity digunakan untuk mengukur struktur modal dan kinerja perusahaan. Hasil penelitian menyimpulkan bahwa terdapat peran mediasi dari struktur modal pada hubungan komisaris independen, kepemilikan institusional, kepemilikan manajerial dan kinerja perusahaan tetapi gagal memediasi hubungan antara ukuran dewan direksi dengan kinerja perusahaan.
The impact of cash flow statement on firm value in indonesia Iskandar Itan; Wiwy Riana
FORUM EKONOMI Vol 23, No 3 (2021): Juli
Publisher : Faculty of Economics and Business Mulawarman University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30872/jfor.v23i3.9703

Abstract

This study aimed to determine the impact of cash flow statement on firm value in Indonesia companies that listed on the Indonesia Stock Exchange. The total data used as the sample was 1,236 data including all sectors except financial sectors for the period 2015 to 2019. The fixed effect model was chosen as the best model to analyze panel data. Furthermore, Eviews 10 application was also to help the process of regression. The results of this study showed that the operating cash flow ratio had a positive significant effect on firm value. Meanwhile, the investing cash flow ratio and financing cash flow ratio had a negative significant effect on firm value. In addition, the results also indicated that operating dummy and investing dummy had no effect on firm value. Besides, the financing dummy was the same as financing cash flow ratio that significantly affected the firm value. Furthermore, both managers’ holding ratio and board size revealed a significant relationship to the firm value, while the independent director dummy showed a positive significant effect on firm value.