Claim Missing Document
Check
Articles

Pengaruh Kebijakan Dividen, Keputusan Investasi dan Keputusan Pendanaan Terhadap Nilai Perusahaan pada Sektor Basic Materials di BEI 2020-2023 Rajagukguk, Helvi Febriana; Gultom, Robinhot; Purba, Dimita Hemalli Premasari
Jurnal Ilmiah Manajemen, Bisnis dan Kewirausahaan Vol. 5 No. 2 (2025): Juni : Jurnal Ilmiah Manajemen, Bisnis dan Kewirausahaan
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jurimbik.v5i2.1103

Abstract

This research aims to determine how Dividend Policy, Investment Decisions, and Financing Decisions influence Firm Value in Basic Materials sector companies listed on the Indonesia Stock Exchange for the period 2020-2023. The variables used in this study are independent variables (X) consisting of dividend policy proxied by the Dividend Payout Ratio, investment decisions proxied by the Price Earning Ratio, financing decisions proxied by the Debt to Equity Ratio, and the dependent variable (Y) is Firm Value proxied by Tobin’s Q. The sample in this study was obtained using purposive sampling method. Based on the established criteria and data processing method, 19 companies were determined to be the research sample. The data analysis technique used is multiple linear regression. The results of this study indicate that partially, dividend policy has a negative and significant effect on firm value, investment decisions have a positive and significant effect on firm value, and financing decisions do not have a significant effect on firm value. Simultaneously, the variables of Dividend Policy, Investment Decisions, and Financing Decisions significantly affect Firm Value.
Peran Good Corporate Governance Memediasi Pengaruh Profitabilitas terhadap Nilai Perusahaan di BEI Periode 2019-2023 Simanullang, Febri Yanti; Gultom, Robinhot; Purba, Jon Hendri
Jurnal Ilmiah Manajemen, Bisnis dan Kewirausahaan Vol. 5 No. 2 (2025): Juni : Jurnal Ilmiah Manajemen, Bisnis dan Kewirausahaan
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jurimbik.v5i2.1108

Abstract

The purpose of this study is to obtain empirical evidence of Good Corporate Governance in mediating profitability on firm value. The sample used in this study were all Industrials sector companies listed on the Indonesia Stock Exchange for the 2019-2023 period using the purposive sampling method. The software analysis used was WarpPLS version 8.0. The results of this study indicate that the capital structure and profitability variables directly have a negative effect on firm value and the dividend policy variable directly shows a positive effect on firm value. The test results prove that Good Corporate Governance is able to mediate the effect of profitability on firm value.
Pengaruh Struktur Modal, Ukuran Perusahaan, Kebijakan Dividen dan Profitabilitas terhadap Nilai Perusahaan pada Perusahaan Sektor Properties dan Real Estate yang Terdaftar di BEI Periode 2019-2023 Manalu, Cindi Elisabeth; Gultom, Robinhot; Purba, Jon Henri
Jurnal Ilmiah Manajemen, Bisnis dan Kewirausahaan Vol. 5 No. 2 (2025): Juni : Jurnal Ilmiah Manajemen, Bisnis dan Kewirausahaan
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jurimbik.v5i2.1109

Abstract

This study aims to test and analyze how the influence of Capital Structure, Company Size, Dividend Policy and Profitability on the Value of Properties and Real Estate Companies listed on the Indonesia Stock Exchange in 2019-2023. The variables used in this study, the independent variable (X) consists of Capital Structure proxied by Debt to Equity ratio (DER), Company Size proxied by (Ln Total Asset), Dividend Policy proxied by Dividend Payout Ratio (DPR), and Profitability proxied by Return On Assets (ROA). The sample in this study was obtained by the purposive method. Based on the criteria and data processing process that have been set, 55 companies were determined as research samples. The data analysis technique used is multiple linear regression. The results of this study state that partially Capital Structure (DER) does not have a significant effect on Company Value, Company Size (Ln Total Asset) has a significant negative effect on Company Value, Dividend Policy (DPR) does not have a significant effect on Company Value and Profitability (ROA) has a positive and significant effect on Company Value. Simultaneously Capital Structure, Company Size, Dividend Policy, and Profitability have a significant effect on Company Value.
Mengungkap Peran Struktur Modal Sebagai Variabel Mediasi dalam Hubungan Antara Profitabilitas Terhadap Nilai Perusahaan Hutabarat, Febri May Windi; Gultom, Robinhot; Saragih, Rintan
Jurnal Ilmiah Manajemen, Bisnis dan Kewirausahaan Vol. 5 No. 2 (2025): Juni : Jurnal Ilmiah Manajemen, Bisnis dan Kewirausahaan
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jurimbik.v5i2.1111

Abstract

The sampling method in this study used purposive sampling, namely companies included in the raw material sector companies (basic materials) listed on the Indonesia Stock Exchange for the 2020-2023 period that have met the criteria of 46 companies. The software analysis used is WarpPLS version 8.0. The results of this study indicate that the variables of profitability, growth opportunities, liquidity and company size directly have a positive and significant effect on company value. Capital structure has a negative and significant effect on company value. The profitability has a positive and significant effect on capital structure. The test results prove that capital structure is able to mediate the effect of profitability on company value.
PENGARUH PROFITABILITAS, LEVERAGE DAN PERTUMBUHAN PENJUALAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SEKTOR INDUSTRIALS YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2020-2023 Vebyola Sinaga, Grace; Gultom, Robinhot; H.P. Purba, Dimita
NUSANTARA : Jurnal Ilmu Pengetahuan Sosial Vol 12, No 7 (2025): Nusantara : Jurnal Ilmu Pengetahuan Sosial
Publisher : Universitas Muhammadiyah Tapanuli Selatan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31604/jips.v12i7.2025.2881-2895

Abstract

Riset ini bermaksud agar mengeksplorasi serta mengevaluasi dampak dari Profitabilitas, Struktur Modal, serta Pertumbuhan Penjualan akan Nilai Perusahaan pada emiten sektor industri yang tercatat di Bursa Efek Indonesia sepanjang periode 2020 hingga 2023. Penelitian ini menggunakan sejumlah variabel, di mana variabel bebas (X) mencakup: Profitabilitas yang dikalkulasi menggunakan Return on Asset (ROA), Struktur Modal yang diwakili oleh Debt to Asset Ratio (DAR), serta Pertumbuhan Penjualan yang dikalkulasi menggunakan indikator Sales Growth (SG). Adapun variabel terikat (Y) pada riset ini ialah Nilai Perusahaan yang diinterpretasikan menggunakan Price to Book Value (PBV). Pengutusan sampel dilaksanakan menerapkan pendekatan purposive sampling. Berlandaskan tipe yang telah ditentukan dan tahapan pengolahan data yang dilakukan, diperoleh 19 entitas bisnis yang dijadikan sebagai objek penelitian. Metode analisis yang diterapkan dalam uji relasi antar unsur ialah regresi linear berganda. Keluaran dari penelitian ini menunjukkan bahwa secara individu, Profitabilitas memiliki pengaruh yang signifikan terhadap Valuasi Perusahaan. Leverage tidak berefek secara signifikan terhadap nilai perusahaan, Pertumbuhan penjualan tidak berpengaruh secara signifikan akan Nilai perusahaan. Bersamaan, Profitabilitas, Leverage serta Pertumbuhan Penjualan berimpak akan Nilai Perusahaan.
PENGARUH RASIO LIKUIDITAS, STRUKTURAL MODAL, STRUKTUR AKTIVA DAN PROFIBILITAS TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SEKTOR TRANSPORTASI DAN LOGISTIK YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2019-2023 Ananta Pragaswara Lumbantoruan, Gian; Gultom, Robinhot; Saragih, Rintan
NUSANTARA : Jurnal Ilmu Pengetahuan Sosial Vol 12, No 7 (2025): Nusantara : Jurnal Ilmu Pengetahuan Sosial
Publisher : Universitas Muhammadiyah Tapanuli Selatan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31604/jips.v12i7.2025.2825-2838

Abstract

Riset ini  bertujuan agar diketahuinya bagaimana impak  Rasio Likuiditas, Struktur Modal, Struktur Aktiva, serta Profitabilitas akan Nilai Perusahaan pada Perusahaan Sektor Transportasi dan Logistik yang terdapat di Bursa Efek Indonesia Periode 2019-2023. Variabel yang diaplikasikan pada riset ini, unsur independen (X) tergabung dari  Rasio Likuiditas yang diproksikan dengan Current ratio (CR),  Struktur Modal yang diproksikan dengan Debt to Equity Ratio (DER), Struktur Aktiva yang  diproksikan dengan Tangibility of Asset (TA), serta Profitabilitas yang diproksikan dengan Return on Asset (ROA) serta unsur dependen (Y) yaitu Nilai Perusahaan yang diproksikan dengan Price to Book Value (PBV). Spesimen dalam riset ini dihasilkan dengan menggunakan pendekatan purposive sampling. Didasarkan dari kategori serta tahap pemrosesan data, maka dipilih 9 perusahaan yang dijadikan specimen riset ini. Teknik analisis data yang diaplikasikan ialah analisis linear berganda. Hasil riset ini menyatakan bahwa Rasio Likuiditas berpengaruh tidak signifikan terhadap Nilai Perusahaan, Struktur Modal tidak berpengaruh tidak signifikan  terhadap Nilai Perusahaan, Struktur Aktiva tidak berpengaruh signifikan terhadap Nilai Perusahaan dan Profitabilitas tidak berpengaruh signifikan terhadap Nilai Perusahaan.
Meningkatkan Kolaborasi dalam Berwirausaha di Desa Parapat Kabupaten Simalungun Napitupulu, Junika; Gultom, Robinhot; Sianturi, Jeudi A. T. P.; Sinurat, Elperida J.; Sihite, Mislan; Purba, Jon Henri; Panggabean, Toman; Butar-Butar, Hotlan; Rajagukguk, Tiur; Normi, Siti; Melianna, Saur; Br. Saragih, Rintan; Marbun, Sondang N. B.; Panjaitan, Maludin; Silalahi, Sahat P. Remus; Panjaitan, Mangasa; Siregar, Selamat; Nadapdap, Kristanty M. N.; Winarto, Winarto; Hutabarat, Jansen
Jurnal Pengabdian Pada Masyarakat METHABDI Vol 5 No 1 (2025): Jurnal Pengabdian Pada Masyarakat METHABDI
Publisher : Universitas Methodist Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This community service aims to educate that collaborating in entrepreneurship is important. This PKM took place in Parapat Village, Simalungun Regency, and the method used was by means of lectures, discussions, and question-and-answer sessions. It was explained that there are many ways to collaborate in developing a business or as an entrepreneur. In this meeting, a discussion was held so that the business being carried out and its problems were known. Finally, it was discovered that the most common problem lately was business capital and the need for local government support to support and protect the business.
Pengaruh Tiktok FYP, Tiktok Live, dan Tiktok Afiliasi Terhadap Keputusan Pembelian Di Tiktok Shop (Studi Kasus Pada Masyarakat Medan) Govert, Violine Vania; Butar, Mangasi Butar; Wulandari, Sri; Gultom, Robinhot
Community Engagement and Emergence Journal (CEEJ) Vol. 6 No. 5 (2025): Community Engagement & Emergence Journal (CEEJ)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ceej.v6i6.9537

Abstract

Tujuan penelitian ini adalah untuk mengkaji bagaimana fitur TikTok seperti FYP, Live, dan program Afiliasi memengaruhi keputusan pembelian konsumen pada platform TikTok Shop. Pertumbuhan pesat TikTok sebagai platform social commerce telah mengubah perilaku pembelian konsumen, sehingga penting untuk memahami bagaimana fitur-fiturnya memengaruhi pengambilan keputusan konsumen. Dengan menggunakan pendekatan kuantitatif melalui desain penelitian kausal, studi ini mengumpulkan data dari 100 pengguna TikTok yang telah melakukan aktivitas pembelian di TikTok Shop. Hasil penelitian menunjukkan bahwa TikTok FYP berkontribusi positif terhadap pilihan pembelian konsumen, karena seringnya produk muncul di FYP mendorong minat beli. TikTok Live juga secara signifikan memengaruhi keputusan pembelian dengan memberikan interaksi langsung antara penjual dan konsumen, sehingga meningkatkan kepercayaan melalui demonstrasi produk secara real-time. Selanjutnya, TikTok Afiliasi berpengaruh besar terhadap keputusan pembelian, karena rekomendasi produk dari influencer atau afiliasi dapat menumbuhkan kepercayaan konsumen dan mendorong perilaku membeli. Secara simultan, ketiga variabel independen ini (TikTok FYP, TikTok Live, dan TikTok Afiliasi) bersama-sama memengaruhi keputusan pembelian di TikTok Shop. Nilai adjusted R² sebesar 66,9% menunjukkan bahwa variabel yang diteliti memiliki pengaruh yang cukup besar terhadap perilaku konsumen, sementara sisanya 33,1% dapat dipengaruhi oleh faktor lain di luar penelitian ini. Berdasarkan temuan ini, para pelaku usaha disarankan untuk mengoptimalkan strategi pemasaran TikTok mereka dengan memanfaatkan eksposur FYP, menggunakan sesi TikTok Live secara efektif, serta berkolaborasi dengan influencer melalui program afiliasi. Peneliti selanjutnya dianjurkan untuk mempertimbangkan aspek seperti kualitas produk, strategi penetapan harga, dan layanan pelanggan untuk lebih memahami perilaku pembelian di TikTok Shop
PENGARUH STRUKTUR MODAL, UKURAN PERUSAHAAN DAN KEPEMILIKAN INSTITUSIONAL TERHADAP KINERJA KEUANGAN PADA PERUSAHAAN SEKTOR CONSUMER NON-CYCLICALS SUB SEKTOR FOOD AND BEVERAGE YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2021-2024 Diah Permata Sani Simanullang; Robinhot Gultom; Dimita H.P. Purba
Didaktik : Jurnal Ilmiah PGSD STKIP Subang Vol. 12 No. 01 (2026): Volume 12 No. 01, Maret 2026 Release
Publisher : STKIP Subang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36989/didaktik.v12i01.12164

Abstract

This study aims to examine and analyze the influence of Capital Structure, Firm Size, and Institutional Ownership on Financial Performance in Consumer Non Cyclicals Sector Companies, specifically the Food and Beverage Sub-Sector listed on the Indonesia Stock Exchange for the Period 2021-2024. The independent variables in this study are Capital Structure measured by Debt to Equity Ratio (DER), Firm Size measured by Natural Logarithm of Total Assets, and Institutional Ownership (IO), while the dependent variable is financial performance measured using Return on Assets (ROA). This study employs a quantitative approach with multiple linear regression analysis method. The sample in this study was obtained using purposive sampling method. The data used are secondary data obtained from financial statements of companies listed on the IDX. Based on the established criteria and data processing, 42 companies were determined as the research sample. The results of this study indicate that partially Capital Structure has a significant negative effect on Financial Performance, while Firm Size has a negative and insignificant effect on financial performance. Institutional Ownership has a positive and significant effect on Financial Performance. Simultaneously, Capital Structure, Firm Size, and Institutional Ownership have a significant effect on Financial Performance.
PENGARUH UKURAN PERUSAHAAN, TANGIBILITY, DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SEKTOR PROPERTI DAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2022-2024 Daniel Pramana Surbakti; Robinhot Gultom; Saur Melianna
Didaktik : Jurnal Ilmiah PGSD STKIP Subang Vol. 12 No. 01 (2026): Volume 12 No. 01, Maret 2026 Release
Publisher : STKIP Subang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36989/didaktik.v12i01.12174

Abstract

This study aims to examine and analyze the effect of company size proxied by natural logarithm of total assets (LNTA), Tangibility proxied by the fixed assets ratio (FAR), and liquidity proxied by the current ratio (CR) on company value proxied by the price to book value ratio (PBV) in property and real estate companies listed on the Indonesia Stock Exchange (IDX). The population in this study consisted of 92 companies, with a sample of 61 companies selected using purposive sampling. The data analysis method used was multiple linear regression analysis. The results show that partially, the variables of company size,tangibility, and liquidity have a positive and significant effet on company value. Simultaneously, these three independent variables also have a positive and significant effect on company value. The coefficient of determination test results show that LNTA, FAR, and CR are able to explain 99.3% of the variation in company value, while the remaining 0,7% is infuluenced by other variables outside the research model.
Co-Authors Ade Noventri Prananta Sitepu Ade Oktaviani Sinaga Adhitya, Siska AGUSTINA - Ananta Pragaswara Lumbantoruan, Gian Angeliou, Ryan Anton Atno Parluhutan Sinaga Arifin Saleh Arthur Simanjuntak Aston, Mario Boike MF Siahaan Br. Saragih, Rintan Butar Butar , Mangasi Butar, Mangasi Butar Butar-Butar, Hotlan Butar-Butar, Mangasi Chrisjunian Chrisjunian Cutiara, Josshelyn Damanik, Lorenza Br Daniel Pramana Surbakti Diah Permata Sani Simanullang Diaulina, Dian Dimita Hemalli Premasari Purba Duma Rahel Situmorang, Duma Rahel Ella Silvana Ginting Ella Silvana Ginting Elperida Juniarni Sinurat Ester Ulihta Barus Evinda Deviana Br Situmorang Farida Sagala Felicia Felicia Felicia Felicia Ferdinand, Juan Rio Gebi Foresa Lumban Gaol Ginting, Ananta J. Ginting, Dwita Perbika Br Ginting, Mitha C Ginting, Mitha Christina Ginting, Shelvia Agusta Br. Goh, Thomas Sumarsan Govert, Violine Vania Grace Sella Gunawan, Siegfried H.P. Purba, Dimita Halim, Veronica Henri Saragih Henri Saragih, Henri Heryeni Yunita Siahaan Hotlan Butarbutar Hutabarat, Febri May Windi Hutabarat, Jansen Ida Ayu Putu Sri Widnyani Ijonris, Yusuf Ita Florentina Simbolon Ivonie Jeudi A. T. P. Sianturi Jon Henri Purba Jon Henri Purba, Jon Henri Joy Sihaloho Junika Napitupulu Kennedy, Kennedy Komel Kaur Kozen, Vincent Kristanty Natalia Marina Nadapdap, Kristanty Natalia Marina Lumban Gaol, Gebi Foresa Maludin Panjaitan Manalu, Cindi Elisabeth Mangasa Panjaitan, Mangasa Mangasi Butar Butar Mangasi Butar Butar Manurung, Anastasia Three Manurung, Celine Angelina Manurung, Mauli Marbun, Sondang N. B. Marbun, Sondang N.B. Marbun, Sondang Ni Bulan Mega Sari Sitompul Mesakh, Januardi Michael Mislan Sihite, Mislan Nadapdap, Kristanty M. N. Nadapdap, Kristanty M.N Nadeak, Heri Nainggolan, Christine Trivia Pintanta Br Nainggolan, Mestica Melanie Napitupulu, Lolita Elizabeth Nettina Samosir Panggabean, Toman Panjaitan, Epril Angelia Panjaitan, Rike Yolanda Purba, Dimita H. P. Purba, Dimita H.P. Purba, Dimita Hemalli Premasari Purba, Jon Hendri Putri Wulandari Rajagukguk, Helvi Febriana Ramot Benedictus Situmorang Rasmulia Sembiring Rintan Saragih Rintan Saragih Rintan Saragih, Rintan Rio J. Tambunan Rio Junjung Tambunan Rizky Oprandi Habibie Tanjung Romel Sitohang Rommel Sitohang Rovita Yuli Sinurat Rumahorbo, Benget Ryanti Devita Sagala, Lamria Sahat P. Remus Silalahi Sahat Parulian Remus Silalahi Samuel Van Basten Halomoan Manurung Sanny Sanny Santi Karolina Sitompul Saragih, Rintan Br. Saur Meliana Saur Melianna Sipayung, Saur Melianna Selamat Siregar Selamat Siregar Sembiring, Emelia Sembiring, Enjelina Sintauli Br Sembiring, Senta Br Septony B. Siahaan, Septony B. Sianturi, Anggriyani Sianturi, Jeudi A. T. P. Sianturi, Jeudi A.T.P Sianturi, Jeudi A.T.P. Sihite, Duma Silalahi, Sahat P. Remus Silali, Elda Helvida Simanjuntak, Dante Bonar Simanjuntak, Faido M.P. Simanjuntak, Gracyela Simanullang, Febri Yanti Simanungkalit, Novita Sari Simbolon , Sabrina Elisabet Sinaga, Anton A. P. Sipayung, Saur Meliana Sipayung, Saur Melliana Sipayung, Tri Darma Siregar, Jeremia Siti Normi Siti Normi, Siti Sitohang, Rommel Sondang N. B. Marbun Sondang Ni Bulan Marbun Sondang Nibulan Marbun Sonya Enda Natasha S. Pandia Sri Widia Wijaya Sri Wulandari Sri Wulandari Stevany, Stevany Stevic, Stevic Sumarsan, Thomas Susanto, Jessy Syafira Ulya Firza Tarigan, Christine br Tarigan, Steven Ezekiel Teo Li Jin Tiur Rajagukguk Tiur Rajagukguk, Tiur Toman Panggabean Tresia Putri Lopian Sitohang Tumanggor, Juni Elsa Tya Wildana Hapsari Lubis Ujung, Tessya Afai Vebyola Sinaga, Grace Vera Triyanti Verawati Verawati Wenni Br. Tampubolon Winarto Winarto Winarto Winarto Winarto Wulanda Fitri Yabes Manullang Yhessa Devies Yuni Oktavia Purba