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PENGARUH KEPEMIMPINAN TERHADAP KINERJA KARYAWAN UD TIGA PUTRA DI KABUPATEN BULUKUMBA Adrian Maulana Jamnur; Zainal Ruma; Nurman
TRANSEKONOMIKA: AKUNTANSI, BISNIS DAN KEUANGAN Vol. 2 No. 5 (2022): September 2022
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/transekonomika.v2i5.232

Abstract

This study aims to test whether the variables have an effect on employee performance at UD Tiga Putra. The population in this study is a total of 32 employees of UD Tiga Putra, while the sample in this study using the saturated sample technique will be found 32 people. The data collection technique used is a questionnaire. The data collected is then entered into a simple linear regression equation. The findings in this study indicate that partially the leadership variable has a positive and significant effect on employee performance at UD Tiga Putra in Bulukumba Regency. Hence, every time there is an increase in leadership it will improve employee performance and vice versa. So that the hypothesis in this study is accepted. Based on the results of the study, it can be said that companies need to maintain a leadership strategy by receiving good suggestions, paying attention to employees and not only the company and employee involvement in the company's decision-making process as a step in improving employee performance. In addition, UD Tiga Putra needs to improve on leadership in making decisions that must be carried out absolutely by employees, because this will have an impact on suppressing employees which will make the employee's performance decrease.
The Impact Of Liquidity And Profitability On Stock Prices In The Gas And Oil Sector 2020–2024 Reni Amsa; Agung Widhi Kurniawan; Nurman
Journal of Studies in Academic, Humanities, Research, and Innovation Vol. 3 No. 1 (2026): Vol 3 No 1 June 2026
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/sahri.v3i1.1392

Abstract

The oil and gas sector is a strategic sector that plays an important role in supporting the Indonesian economy, but during the 2020–2024 period, this sector experienced stock price fluctuations that were not in line with the company's financial performance. This problem prompted this study, which aims to analyze the effect of liquidity and profitability on stock prices in oil and gas sub-sector companies listed on the Indonesia Stock Exchange (IDX) for the 2020–2024 period. This study uses a quantitative approach with multiple linear regression methods and secondary data in the form of annual financial reports from 12 oil and gas sub-sector companies obtained through the official IDX website using a purposive sampling technique. The results of the study indicate that the liquidity variable as measured by the Current Ratio (CR) and profitability as measured by the Net Profit Margin (NPM) do not have a significant effect either partially or simultaneously on stock prices. The coefficient of determination (R²) value of 1.8% indicates that stock price variations are more influenced by external factors such as fluctuations in world oil prices, macroeconomic conditions, and energy market sentiment. This study concludes that internal financial ratios have not become the main determinant in stock price movements in the oil and gas sector, so investors need to consider global external factors in making investment decisions.
Capital Structure And Firm Value: The Mediating Role Of Profitability Asmin; Burhanuddin; Anwar; Nurman; Andi Mustika Amin
Journal of Studies in Academic, Humanities, Research, and Innovation Vol. 3 No. 1 (2026): Vol 3 No 1 June 2026
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/sahri.v3i1.1408

Abstract

The property and real estate sector is one of the important sectors that contribute to the Indonesian economy, but in the 2021–2024 period, this sector experienced a decline in company value as reflected in market performance. This problem prompted this study, which aims to analyze the effect of capital structure on company value and examine the role of profitability as a mediating variable in property and real estate sector companies listed on the Indonesia Stock Exchange for the 2020–2024 period. This study uses a quantitative approach with the Partial Least Square-Structural Equation Modeling (PLS-SEM) method and the sample was determined through a purposive sampling technique on companies that meet the research criteria. The results of the study indicate that capital structure has a significant negative effect on company value and profitability, while profitability has a significant positive effect on company value and is proven to mediate the effect of capital structure on company value; this finding supports the Trade-off Theory regarding the importance of balance in the use of debt, but also shows limitations in the application of Signaling Theory in the property sector. This study concludes that excessive use of debt can reduce profitability and company value, so companies need to establish an optimal capital structure to maintain financial performance and increase investor confidence.
The Effect Of Dividend Policy, Profitability And Liquidity On Firm Value: Evidence From Manufacturing Companies Listed On The Indonesia Stock Exchange Dian Fajar Ayu; Romansyah Sahabuddin; Nurman
Journal of Studies in Academic, Humanities, Research, and Innovation Vol. 3 No. 1 (2026): Vol 3 No 1 June 2026
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/sahri.v3i1.1411

Abstract

: Research approach was employed using panel data regression analysis. Model selection was determined through a series of diagnostic tests, namely the Redundant Fixed Effects Test and the Hausman Test, which indicated that the Fixed Effects Model (FEM) is the most appropriate estimation method. The data used are secondary data obtained from the companies’ annual financial reports during the research period. The results show that, individually, liquidity has a statistically significant positive effect on firm value, whereas dividend policy and profitability do not exhibit significant effects. This suggests that a company’s ability to meet its short-term obligations serves as a positive signal to investors, enhancing their perception of the firm’s stability and trustworthiness in terms of performance. Meanwhile, the insignificance of dividend policy and profitability implies that investors do not rely solely on these factors when evaluating firm value instead, they may consider broader strategic, market, or macroeconomic indicators. The coefficient of determination (R²) is 0.848588, indicating that approximately 84.85% of the variation in firm value can be explained by the combined influence of dividend policy, profitability, and liquidity, while the remaining 15.15% is attributed to other factors outside the scope of this study.
THE EFFECT OF CASH FLOW ON COMPANY VALUE WITH PROFITABILITY AS AN INTERVENING VARIABLE IN MANUFACTURING COMPANIES LISTED ON THE INDONESIAN STOCK EXCHANGE YEAR 2020-2024 Nurhalisa Nurhalisa; Nurman Nurman; Abdul Rahman
Jurnal Manajemen Vol 6, No 2 (2026): August
Publisher : Universitas Negeri Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26858/jm.v6i2.83888

Abstract

Abstract:This study aims to analyze the effect of cash flow on firm value with profitability as an intervening variable in manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2020–2024 period. Firm value is measured using Price to Book Value (PBV), cash flow is proxied by cash flow from operating activities, and profitability is measured by Return on Equity (ROE). This study uses a quantitative approach with a causal design. The data used are secondary data from the company's annual financial statements selected through a purposive sampling technique, resulting in 10 companies as samples. Data analysis was performed using path analysis and the Sobel test to examine the direct and indirect effects between variables. The results show that cash flow has a positive and significant effect on profitability, profitability has a positive and significant effect on firm value, and cash flow has an indirect effect on firm value through profitability. However, cash flow does not have a direct effect on firm value. These findings demonstrate that profitability plays a mediating role in the relationship between cash flow and firm value. Therefore, increasing firm value is not only determined by the amount of cash flow, but also by the company's ability to manage that cash flow to generate profits.Keywords :Cash Flow; Profitability; Enterprise Value; Operating Activities; Price to Book Value (PBV) Ratio; Return on Equity (ROE).
THE EFFECT OF PRODUCT QUALITY AND PRICE ON THE PURCHASE DECISION OF MYKONOS PERFUME PRODUCTS AMONG FEB UNM STUDENTS IN MAKASSAR CITY Muh. Syahrul Ramadhan; Nurman Nurman; Isma Azis Riu; Muhammad Ichwan Musa; Rahmat Riwayat Abadi
Jurnal Manajemen Vol 6, No 2 (2026): August
Publisher : Universitas Negeri Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26858/jm.v6i2.84755

Abstract

Abstract: This study aims to analyze the effect of product quality, price, and brand image on purchase decisions of Mykonos perfume. The research adopts a quantitative approach using a survey method by distributing questionnaires to respondents who have used or are familiar with Mykonos perfume. The sampling technique used is purposive sampling, with a total of 105 respondents determined based on the Slovin formula. Data were analyzed using multiple linear regression with the assistance of SPSS software. The results show that product quality has a positive and significant effect on purchase decisions. Price also has a positive and significant influence on purchase decisions, indicating that consumers consider price suitability in making purchasing decisions. In addition, brand image has a positive and significant effect on purchase decisions, suggesting that a strong brand perception can enhance consumer confidence in choosing the product. Simultaneously, product quality, price, and brand image significantly influence purchase decisions. These findings indicate that improving product quality, setting competitive prices, and strengthening brand image are important strategies to increase consumer purchase decisions.Keywords: Product Quality, Price, Brand Image, Purchase Decision, Mykonos Perfume