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The Effect of Intellectual Capital, Company Size, and Leverage on Profitability in Poultry Industry Subsector Companies Listed on the Indonesia Stock Exchange Dessy Adelin
Jurnal Office Volume 7, Number 2, July-December 2021
Publisher : Universitas Negeri Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26858/jo.v7i2.31630

Abstract

This study aims to examine the effect of intellectual capital, firm size, and leverage on profitability in poultry industry sub-sector companies listed on the Indonesia Stock Exchange for the period 2012-2020. The analysis used in this study uses a fixed effect model with panel data regression analysis. The results showed that Intellectual Capital had no significant effect on profitability. Company size has a negative and significant effect on profitability (ROA). Leverage (DER) has a negative and significant effect on changes in Profitability (ROA) of Intellectual Capital (VAIC), Firm Size (FSZ) and Leverage (DER) together have a positive and significant effect on changes in Profitability (ROA) in listed Poultry Companies on the Indonesia Stock Exchange (IDX) during the period 2012-2020. The coefficient of determination shows the result of 81.36%.
Pengaruh Ukuran Perusahaan dan Kebijakan Utang Terhadap Nilai Perusahaan dengan Profitabilitas sebagai Variabel Intervening Dessy Adelin; Zulfitra Zulfitra; Sahroni Sahroni
Jurnal Neraca Peradaban Vol. 3 No. 2 (2023): Jurnal Neraca Peradaban
Publisher : Prodi Akuntansi STIE Hidayatullah Depok

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55182/jnp.v3i2.295

Abstract

Tujuan penelitian ini yaitu untuk mengetahui bagaimana pengaruh Ukuran Perusahaan (SIZE) dan Kebijakan Utang (DER) baik secara parsial maupun secara simultan terhadap Nilai Perusahaan (PBV) dengan Profitabilitas (ROE) sebagai variabel intervening pada Perusahaan Otomotif yang terdaftar di Bursa Efek Indonesia Periode 2016-2020. Adapun metode peneltian yang digunakan yaitu Regresi Data Panel menggunakan Eviews 9.0. Adapun hasil penelitian yaitu Ukuran Perusahaan (SIZE) berpengaruh secara negatif dan signifikan terhadap perubahan Profitabilitas (ROE) pada Perusahaan Otomotif yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2016-2020. Debt to Equity Ratio (DER) berpengaruh secara negatif dan signifikan terhadap perubahan Return On Equity (ROE) pada Perusahaan Otomotif yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2016-2020. SIZE dan Debt to Equity Ratio (DER) berpengaruh secara positif dan signifikan terhadap perubahan Return On Equity (ROE) pada Perusahaan Otomotif yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2016-2020. SIZE berpengaruh secara negatif dan signifikan terhadap perubahan Price Book Value (PBV) pada Perusahaan Otomotif yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2016-2020. Debt to Equity Ratio (DER) berpengaruh secara positif dan signifikan terhadap perubahan Price Book Value (PBV) pada Perusahaan Otomotif yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2016-2020. Return On Equity (ROE) berpengaruh secara negatif dan signifikan terhadap perubahan Price Book Value (PBV) pada Perusahaan Otomotif yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2016-2020. SIZE, Debt to Equity Ratio (DER) dan Return On Equity (ROE) berpengaruh secara positif dan signifikan terhadap Price Book Value (PBV) perubahan pada Perusahaan Otomotif yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2016-2020.
Stock Price Anomaly dan Moderasi Dividen Policy pada Emiten Index IDX30 Selama Pandemi Covid-19 dan Sesudahnya Adelin, Dessy; Zulfitra, Zulfitra; Sahroni, Sahroni
Jurnal Neraca Peradaban Vol. 4 No. 1 (2024): Jurnal Neraca Peradaban
Publisher : Prodi Akuntansi STIE Hidayatullah Depok

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55182/jnp.v4i1.427

Abstract

Penelitian ini bertujuan menguji secara empiris atas pengaruh asset growth, struktur modal, profitabilitas dan kebijakan dividen terhadap harga saham. Penelitian dilakukan pada emiten index IDX 30 di Bursa Efek Indonesia periode 2018-2022. Metode penelitian menggunakan penelitian kuantitatif. Teknik pengambilan sampel menggunakan metode purposive sampling dan diperoleh sampel sejumlah 9 perusahaan. Penelitian menggunakan data sekunder yang bersumber dari Bursa Efek Indonesia. Analisis data menggunakan metode regresi panel Common Effect Model dan Moderating Regresson Analysis. Hasil penelitian menunjukkan bahwa Asset Growth tidak berpengaruh terhadap harga saham, Struktur Modal berpengaruh negatif signifikan terhadap harga saham, sedangkan anomali harga saham dapat dilihat pada pengaruh profitabilitas dan kebijakan dividen secara parsial terhadap harga saham, dimana dalam hasil penelitian ditemukan adanya pengaruh negatif signifikan terhadap harga saham. Pengujian moderasi menunjukkan bahwa kebijakan dividen belum mampu memoderasi pengaruh variabel asset growth, struktur modal dan profitabilitas terhadap harga saham. Hasil uji F pada model Common Effect menunjukkan adanya pengaruh signifikan secara simultan terhadap harga saham dengan nilai R-squared sebesar 66,099%.
The Influence of Profitability, Liquidity and Asset Growth on Capital Structure with Company Size as a Moderating Variable in Food and Beverage Companies Listed on the Indonesian Stock Exchange for the 2017-2023 Period Adelin, Dessy; Zulfitra, Zulfitra; Sahroni, Sahroni; Suharsono, Suharsono
Transforma Jurnal Manajemen Vol. 2 No. 2 (2024): Transforma: Jurnal Manajemen
Publisher : Pascasarjana Universitas Pasundan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56457/tjm.v2i2.133

Abstract

This research aims to test and analyze the influence of profitability, liquidity and asset growth on capital structure with company size as a moderating variable in food and beverage companies listed on the Indonesia Stock Exchange for the 2017-2023 period. The type of research used is associative quantitative. The research population used companies registered with food and beverage companies listed on the Indonesia Stock Exchange with observations of 133 cross section time series data. The observation period in the research used data from 2017 to 2023. The research data was then processed using Eviews 12 software. The analysis method used was panel data regression which is a combination of cross section and time series data. Panel data regression analysis is carried out through a model selection test, to determine the best model, the test results show that the Common Effect Model is the most appropriate model to use in predicting Capital Structure which is moderated by Company Size. The results of the coefficient of determination test on the model show a value of67.4398% while the remaining amount is 32.5602%can be explained by other variables not examined in this study. The research results show that Profitability has a significant negative effect on Capital Structure, Liquidity has a significant negative effect on Capital Structure, Asset Growth has a significant negative effect on Capital Structure. Company size is significantly able to moderate the relationship between Profitability and Capital Structure, Company Size is able to moderate the relationship between Liquidity and Capital Structure, Company Size is able to moderate the relationship between Asset Growth and Capital Structure. in food and beverage companies listed on the Indonesia Stock Exchange during the 2017-2023 period.
The Effect of Current Rasio (Cr) and Profit Margin (Npm) on the Share Price of Milk Industry and Trading Company Tbk Adelin, Dessy
Greenation International Journal of Economics and Accounting Vol. 2 No. 2 (2024): (GIJEA) Greenation International Journal of Economics and Accounting (June - Au
Publisher : Greenation Research & Yayasan Global Resarch National

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/gijea.v2i2.184

Abstract

This research is the effect of current ratio and net profit margin on the share price of Milk Industry and trading company Tbk. The method used for this research is a descriptive method with a quantitative approach. The type of data used in this research is quantitative data.  The data source used is secondary data, namely data taken from publications made by the Indonesia Stock Exchange. Namely in the form of the Financial Statements of Milk Industry & Trading Company Tbk. in 2013, 2014, 2015, 2016 and 2017. The highest Current Ratio in 2016 was shown at 484.36% and the highest Net Profit Margin in 2008 was shown at 22.29%. Current Ratio and Net Profit Margin do not have a significant effect on stock prices. For investors, Current Ratio and Net Profit Margin do not have a significant influence in making decisions on whether investors will buy, hold or sell shares. In this case, investors want to get dividends from the company's profits and get capital gains from the positive difference between the purchase price and the selling price of the shares. Current Ratio and Net Profit Margin together or simultaneously do not have a significant effect on stock prices.
The Impact of Financial Leverage on Firm Performance in Emerging Markets: An Empirical Analysis Ratna Mutumanikam, Primadonna; Adelin, Dessy
Dinasti Accounting Review Vol. 2 No. 1 (2024): Dinasti Accounting Review (July - September 2024)
Publisher : Dinasti Research & Yayasan Dharma Indonesia Tercinta (DINASTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dar.v2i1.1037

Abstract

This study examines the impact of financial leverage on firm performance within emerging markets, with a focus on publicly listed firms in countries such as Indonesia, India, and Brazil. Financial leverage, often measured by the debt-to-equity ratio, plays a critical role in determining the financial structure and performance outcomes of firms, especially in economies where capital markets are evolving and subject to unique challenges. Using data from corporate financial statements and applying regression analysis, this study investigates the relationship between leverage and key performance indicators, including Return on Assets (ROA) and Return on Equity (ROE). The results suggest a nuanced relationship, where leverage has both positive and negative effects on performance, depending on market conditions and firm characteristics. These findings provide valuable insights for corporate managers in emerging markets on optimizing capital structure and maximizing firm value. Furthermore, the study underscores the importance of considering economic factors and firm-specific attributes when making financing decisions. Limitations and implications for future research are also discussed.
DETERMINANTS OF EMPLOYEE PERFORMANCE IN PT. PERTAMINA (PERSERO) Candra Dinata, Eka; Adelin, Dessy
Dinasti International Journal of Education Management And Social Science Vol. 2 No. 2 (2020): Dinasti International Journal of Education Management and Social Science (Decem
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31933/dijemss.v2i2.625

Abstract

The purpose of this study was to determine and analyze: (1) Workload (2) Competence; (3) Performance Officer; and (4) The Effect of Workload and Competence on Employee Performance in the Production Department of PT. Pertamina either simultaneously or partially. The method used in this research is descriptive survey and explanatory survey, the unit of analysis in this study is employees in the Production Department of PT. Pertamina with a sample of 33 people. The type of investigation used is causality, and the time horizon in this study is cross-sectional. Based on the research results it was found that the workload experienced by the Production Department of PT. Pertamina is good, employee competence in the Production Department of PT. Pertamina in general can be said to be quite good. Employee Performance in the Production Department of PT. Pertamina is currently considered good. Workload and Competence affect the performance of employees in the Production Department of PT. Pertamina simultaneously and partially. However, partially Competence has a dominant effect on Employee Performance compared to Workload. Because Competency Performance is more dominant, it is prioritized in improving performance. Therefore the Production Department of PT. Pertamina is advised to increase the potential competencies that exist in each employee, so that they can work more professionally. Employee Performance at the Production Department of PT. Pertamina is currently considered good. Workload and Competence affect the performance of employees in the Production Department of PT. Pertamina simultaneously and partially. However, partially Competence has a dominant effect on Employee Performance compared to Workload. Because Competency Performance is more dominant, it is prioritized in improving performance.
Capital Structure Policy: The Moderating Role of Equity Market Timing on Profitability and Growth Opportunity Adelin, Dessy; Jonnardi, Jonnardi; Amin, Sakdiah Binti Md; Mutumanikam, Primadonna Ratna
MIX: JURNAL ILMIAH MANAJEMEN Vol 15, No 3 (2025): MIX : Jurnal Ilmiah Manajemen
Publisher : Universitas Mercu Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22441/jurnal_mix.2025.v15i3.001

Abstract

Objectives: This research endeavors to investigate how profitability and growth opportunities shape firms’ capital structure decisions, while also elucidating the moderating influence of equity market timing (EMT) within these associations. The inquiry centers on coal mining enterprises—an industry distinguished by capital-intensive operations and pronounced sensitivity to market fluctuations.Methodology: Adopting a quantitative paradigm, this study utilizes panel data drawn from 23 coal mining firms listed on the Indonesia Stock Exchange (IDX) for the 2019–2023 period. The sample is determined through purposive selection. Moderated regression analysis serves to assess the interplay between profitability, growth opportunities, and capital structure, with EMT incorporated as a moderating construct. All variables are operationalized through financial ratios and processed using EViews software to ensure analytical rigor.Finding: Empirical evidence discloses a significant inverse nexus between profitability and capital structure, signifying that more profitable entities exhibit a diminished proclivity toward debt financing, favoring internally generated funds instead. Conversely, growth opportunities manifest a positive and significant relationship with leverage, implying that firms with broader expansion prospects are predisposed to augment their indebtedness. Moreover, EMT intensifies these dual tendencies—fortifying the adverse link between profitability and leverage while concurrently amplifying the positive association between growth opportunities and debt usage.Conclusion: Collectively, the findings underscore that capital structure formation is not solely contingent upon internal financial attributes such as profitability and growth potential but is equally sculpted by external capital market conditions. Firms, therefore, appear to recalibrate their financing configurations strategically, navigating between internal performance dynamics and the temporal advantages presented by favorable market valuations.