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The influence of free cash flow, capital structure, investment opportunities, and company growth on dividend policy Sawal, Nuning Safitri M.; Ohorella, Rizki Wahyu Utami; Meliana, Meliana
Journal of Contemporary Accounting Volume 7 Issue 3, 2025
Publisher : Master in Accounting Program, Faculty of Business & Economics, Universitas Islam Indonesia, Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jca.vol7.iss3.art7

Abstract

This study examines the influence of free cash flow, capital structure, investment opportunities, and firm growth on dividend policy among mining companies listed on the Indonesia Stock Exchange (IDX) over the observation period. The research applies multiple regression analysis based on secondary data derived from financial statements and annual reports. The findings reveal that free cash flow, capital structure, and firm growth do not have a significant impact on dividend policy. In contrast, investment opportunities show a positive and meaningful effect on dividend decisions. Collectively, these variables are found to influence dividend policy, although the model explains only a limited portion of its variation, indicating that other factors beyond the scope of this study also play a role. The results suggest that investment opportunities serve as an important consideration for management in determining dividend policy, while free cash flow, capital structure, and firm growth are not the primary determinants.
Risk Management Practices Among Campus-Based MSMEs: A Qualitative Study at FEB Khairun University Indra Santoso, Septy; Meliana, Meliana; Syahdan, Rinto; Debeturu, Gisela S.; Buamona, Salwa Shobiha; Muhlis, Widyawati; Ruumbia, Chantika Alya; Ali, Sarmina; Fahrudin, Fitri; Arvaji, Jul; Putri, Livi Meiga
Journal of Marketing Management and Innovative Business Review Vol. 3 No. 2 (2025): Vol. 3 No. 2 (2025): Mariobre, December 2025 (e-ISSN: 3031-4208)
Publisher : Master of Management Study Program, Universitas Kristen Indonesia Paulus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63416/mrb.v3i2.418

Abstract

This study aims to explore the implementation of business risk management among Micro, Small, and Medium Enterprises (MSMEs) operating within the campus environment of Khairun University, particularly at the Faculty of Economics and Business in Ternate City. Although numerous studies have discussed risk management in MSMEs, most focus on large-scale businesses or urban commercial settings. Only a few have examined campus-based MSMEs, which operate under distinctive institutional and market constraints. This research fills that gap by investigating how MSME actors in a university setting identify, analyze, and respond to business risks. A descriptive qualitative approach was employed, using in-depth interviews and participatory observation as data collection techniques. The unit of analysis in this study consists of three culinary MSME owners operating within the canteen area of the Faculty of Economics and Business, Khairun University. The informants were selected purposively based on their active involvement in daily business management and risk-handling practices. The findings reveal that effective risk management contributes positively to business sustainability, particularly in strategic decision-making and financial control. The scientific contribution (novelty) of this study lies in its focus on campus-based MSMEs, a context rarely explored in previous risk management literature. The study expands theoretical understanding of how the campus business environment—with its limited market scope and dependence on academic communities—shapes MSME risk management behavior. Furthermore, it provides a conceptual foundation for developing adaptive training and mentoring models to strengthen risk preparedness among MSMEs operating in higher education environments.
Peran Mediasi Kinerja Lingkungan dalam Pengaruh Akuntansi Hijau terhadap Kinerja Keuangan Perusahaan Idriani, Puput; Meliana, Meliana; Darwis, Herman
Jurnal Ilmiah Mahasiswa Perbankan Syariah (JIMPA) Vol 6 No 1 (2026): Jurnal Ilmiah Mahasiswa Perbankan Syariah (JIMPA) - Maret 2026 (INP RESS)
Publisher : Sekolah Tinggi Ekonomi dan Bisnis Syariah (STEBIS) Indo Global Mandiri Palembang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36908/jimpa.v6i1.854

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh akuntansi hijau terhadap kinerja keuangan dengan kinerja lingkungan sebagai variabel mediasi pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode 2020–2024. Penelitian ini menggunakan pendekatan kuantitatif dengan data sekunder yang diperoleh dari laporan tahunan, laporan keuangan, serta data penilaian kinerja lingkungan. Sampel penelitian terdiri dari 50 perusahaan manufaktur yang dipilih menggunakan teknik purposive sampling sehingga diperoleh 250 observasi data panel. Analisis data dilakukan menggunakan regresi data panel dan analisis jalur dengan bantuan perangkat lunak EViews 12. Hasil penelitian menunjukkan bahwa akuntansi hijau berpengaruh positif dan signifikan terhadap kinerja lingkungan. Namun, akuntansi hijau tidak berpengaruh signifikan terhadap kinerja keuangan. Kinerja lingkungan terbukti berpengaruh negatif dan signifikan terhadap kinerja keuangan. Selain itu, kinerja lingkungan tidak mampu memediasi pengaruh akuntansi hijau terhadap kinerja keuangan. Temuan ini memberikan kontribusi empiris dalam literatur akuntansi keberlanjutan dengan menunjukkan bahwa penerapan akuntansi hijau pada perusahaan manufaktur di Indonesia masih lebih berorientasi pada pemenuhan regulasi dibandingkan sebagai strategi peningkatan kinerja keuangan perusahaan
Co-Authors agustin, isnaini nuzula Agustina, Fauziah Riyanti Aidnilla, Fitriana Ali, Sarmina Angeline angeline Angga Sulistiono Ansar, Resmiyati Ariyanto, Hepy Hefri Arvaji, Jul Aryani, Famela Dwi Asifa Asri Aulia, Maya Difa Buamona, Salwa Shobiha Budi Setiadi, Budi Budi Setiawan Cahya, Wulan Caroline Caroline Darmayanti, Tessa Eka Darwis, Herman Debeturu, Gisela S. Elya Febrita Erlin Erlin Erni Erni Fahlevi, Renza Fahrudin, Fitri Fala, Dwi Yana Amalia Sari Fitri, Ica Gayatri, Maria Hamna, Hamna Hasanah, Syafaatul Hendian, Feriana Ina Hesti Mustika Ati Idriani, Puput Indah, Wirda Indra Santoso, Septy Intan Nurul Azni Jaslyn, Jaslyn Kemenangenta PA, Imanuel Kurniawan, Pramudya Latukau, Nurlina Alifka Lily Purwianti Lim, Irene Maggie, Maggie Mardhiyah, Najla Ainal Maujud, Abd Haris Melodya, Deslyn Mislinawati, Mislinawati Muhlis, Widyawati Muin, Agus Alim Mustakim Mustakim Nainggolan, Benny Rojeston Marnaek Nanda, Reski Nariyati, Atik Yuli Nurul Lailatul Khusniyah Ohorella, Rizki Wahyu Utami Palionamo, Rafael James Pangaribuan, Christian Haposan Patade, Agnes Erlita Distriani Putra, Edy Yulianto Putri, Livi Meiga Rahayu, Vitria Puri Rahmat, Nurhidayati Rahmatika, Aufilana Riona Sanjaya Rofika, Ayu Rudy Latuperissa Ruumbia, Chantika Alya Sabariman, Mohammad Sagala, Zuraida Sampo, Ilka Silviana Saputri Sampurno, Mukhsin Budi Santoso, Septy Indra Saputri, Indriana Eka Sawal, Nuning Safitri M. Selvia, Resti Sisca Cletus Lamatokan Situmorang, Dokman Marulitua Soni Ariawan Sopiah, Sopiah Sribuarti, Kriyansyah Sua, Andi Tenri Sudarman Sudarman Suhardjo, Iwan Susmini, Susmini Sutisna, Muhammad Sutriningsih Sutriningsih Suwito Suwito Suwondo Suwondo Syahdan, Rinto Syamsurizal - - Taufiq, Andi Muh. Thendean, Celine Kristalia Tintien Koerniawati Tursinawati Tursinawati, Tursinawati Vidya Urbaningrum Urbaningrum Vionalita, Gisely Yananda, Yeni