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Faktor FAKTOR-FAKTOR YANG MEMENGARUHI NILAI PERUSAHAAN PADA PERUSAHAAN SUBSEKTOR MAKANAN DAN MINUMAN IRBAH NURJIHAN; Hendra Hendra
E-Jurnal Manajemen Trisakti School of Management (TSM) Vol 2 No 1 (2022): E-Jurnal Manajemen Trisakti School of Management (TSM)
Publisher : Pusat Penelitian dan Pengabdian kepada Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti

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Abstract

This study aims to examine the factors that influence firm value. The independent variables in this research consist of firm size, capital structure, firm growth, investment decisions, and dividend policy. The object of this research are food and beverage sub-sector companies listed on the Indonesia Stock Exchange for the period 2010 to 2019. This research used 60 samples and the sample selection procedure used was purposive sampling method. The research test used multiple regression analysis. The results of this research indicate that the variables of firm size, capital structure and firm growth have no effect on firm value. Meanwhile, the investment decision variables and dividend policy have an influence on firm value. Investment decisions that have a positive effect on firm value indicate that investors have high expectations of the company's potential market value. Dividend policy that has a negative effect on firm value indicates that low dividends will cause the company's internal funds to increase so that the company's performance also increases which results in an increase in firm value.
Faktor FAKTOR PENGARUH TERHADAP RETURN SAHAM DI PERUSAHAAN PROPERTI, REAL ESTATE, DAN KONSTRUKSI BANGUNAN DI BURSA EFEK INDONESIA ADITYA NANDA KRISNA; Hendra Hendra
E-Jurnal Manajemen Trisakti School of Management (TSM) Vol 2 No 3 (2022): E-Jurnal Manajemen Trisakti School of Management (TSM)
Publisher : Pusat Penelitian dan Pengabdian kepada Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (242.415 KB) | DOI: 10.34208/ejmtsm.v2i3.1164

Abstract

The purpose of this research is to analyze whether the factors contained in this research affect on stock returns in property, real estate, and building construction companies that listed on Indonesia Stock Exchange in 2013-2020. The factors studied are the current ratio, debt to equity ratio, return on equity, asset turnover, and dividend payout ratio. Purposive sampling is used as the sample collection technique and there are 6 companies that fulfilled the criteria and analyzed using panel data regression and the common effect model was chosen as the best model for this research. The results of this research are that there is no effect of the current ratio, debt to equity ratio, return on equity, total asset turnover, and dividend payout ratio on stock returns.
FAKTOR-FAKTOR YANG MEMPENGARUHI STRUKTUR MODAL PADA PERUSAHAAN SEKTOR AGRICULTURE Tia Marsela; Hendra Hendra
E-Jurnal Manajemen Trisakti School of Management (TSM) Vol 1 No 3 (2021): E-Jurnal Manajemen Trisakti School of Management (TSM)
Publisher : Pusat Penelitian dan Pengabdian kepada Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti

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Abstract

The purpose of this study is to examine and analyze empirically the effect of dividend policy, liquidity, tangibility, asset turnover, and company growth toward capital structure.The objects used in this study are agriculture sector companies listed on the Indonesia Stock Exchange (IDX) for the period 2014-2020. The sampling technique used was purposive sampling. Sampling with certain criteria, there are 7 companies and 49 data. The data were analyzed using descriptive statistics and panel data regression with a fixed-effect model to test the hypothesis.The results of this study indicate that liquidity has a negative effect on capital structure. This is because the company which have higher liquidity certainly will reduce their own debts and using internal funding. Meanwhile, dividend policy, tangibility, asset turnover, and company growth have no effect on capital structure.
PENGARUH RASIO KEUANGAN TERHADAP RETURN SAHAM PERUSAHAAN SUBSEKTOR AUTOMOTIVE AND COMPONENTS Hendra Hendra; Sukma Alifa Adjani
E-Jurnal Manajemen Trisakti School of Management (TSM) Vol 2 No 1 (2022): E-Jurnal Manajemen Trisakti School of Management (TSM)
Publisher : Pusat Penelitian dan Pengabdian kepada Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti

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Abstract

This research aims to determine and test the effect of current ratio, return on asset, debt to equity ratio, earning per share, and price earning ratio on stock return. This research also aims to compare and strengthen the results of previous studies. By using purposive sampling technique, a sample of 10 companies and 70 data in the automotive and components sub-sector were obtained that met the sample criteria. The data used in this research were obtained from the financial statements of companies in the automotive and components sub-sector listed on the Indonesia Stock Exchange for the 2014-2020 periode. The data were analyzed using descriptive statistics and regression panel with CEM model to testing all hypotheses. The results of this research are return on asset and price earning ratio influence towards stock return. This is because ROA and PER is the key factors that investor seek, so it can rise the stock return. Meanwhile current ratio, debt to equity ratio and earning per share has no effect on stock return.
FAKTOR-FAKTOR YANG MEMPENGARUHI KEBIJAKAN DIVIDEN PADA PERUSAHAAN SUB SEKTOR PLASTIC AND PACKAGING Hari Dewi Retnosari; Hendra Hendra
E-Jurnal Manajemen Trisakti School of Management (TSM) Vol 2 No 1 (2022): E-Jurnal Manajemen Trisakti School of Management (TSM)
Publisher : Pusat Penelitian dan Pengabdian kepada Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti

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Abstract

The purpose of this research is to examine the factors that influence dividend policy. The independent variables in this study consist of return on equity, leverage, company growth, company size, and managerial ownership structure. The data in this study are plastics and packaging sub-sector companies listed on the Indonesia Stock Exchange (IDX) for the period 2010 to 2020. This study uses 5 companies and 55 samples and the sample selection procedure used is the purposive sampling method. The research test used descriptive statistics dan multiple panel regression analysis. Debt to equity ratio is the only variable has a negative influence on dividend policy, and the rest are not influencing dividend policy. It’s because a company which has a high debt cannot afford dividend to stockholders, they should pay their liabilities first, so the dividend payment will decrease.
FAKTOR-FAKTOR PENENTU STRUKTUR MODAL PADA PERUSAHAAN SUB SEKTOR FARMASI Ramdana Safitri; Hendra Hendra
E-Jurnal Manajemen Trisakti School of Management (TSM) Vol 2 No 2 (2022): E-Jurnal Manajemen Trisakti School of Management (TSM)
Publisher : Pusat Penelitian dan Pengabdian kepada Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti

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Abstract

The purpose of this research is to obtain empirical evidence regarding the impact of Profitability, Company Size, Sales Growth, Liquidity and Asset Structure on Capital Structure in Pharmaceutical Sub-Sector Companies Listed on the Indonesia Stock Exchange (IDX) for the 2011-2020 period. The research sample used was 7 companies and 70 data, and the sample selection procedure was carried out using purposive sampling method. The data were analyzed using descriptive statistics and regression panel with a FEM model to testing all hypotheses. The research shows that if the profitability and sales growth has a positive effect on capital structure compliance, because the higher profit and sales will give secure collateral to creditor. Then liquidity has a negative effect on capital structure because if company has a good liquidity, they usually don’t need so much debt. Furthermore, the variables of firm size and asset structure have no effect on the capital structure.
FAKTOR – FAKTOR DETERMINAN STRUKTUR MODAL PADA PERUSAHAAN SUB SEKTOR TEKSTIL DAN GARMEN Hendra Hendra; Maulana Yusuf
E-Jurnal Manajemen Trisakti School of Management (TSM) Vol 2 No 2 (2022): E-Jurnal Manajemen Trisakti School of Management (TSM)
Publisher : Pusat Penelitian dan Pengabdian kepada Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti

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Abstract

This study aims to examine and analyze empirically the effect of liquidity, profitability, asset structure, corporate activity, and non-debt tax shield againts capital structure.The objects studied were companies in the textile and garment sub-sector and listed on the Indonesia Stock Exchange during the period 2012 to 2020. The sample selection technique used purposive sampling so that there were 6 companies and 54 samples that matched the criteria as samples. Then the data were analyzed using descriptive statistic and panel regression with FEM model. The results of this study are non-debt tax shield has a positive effect and corporate activity has an negative effect on capital structure. This because a company can use other non-debt investment which is more profitable to increase the value of firm, and company with good activity can afford their needs with sales and other investment activity and not depends on debt. Meanwhile liquidity, profitability, and assets structure don’t have an effect to capital structure.
PENGARUH RASIO KEUANGAN TERHADAP HARGA SAHAM PERUSAHAAN SUBSEKTOR PERTAMBANGAN BATU BARA Ni Komang Sinta Cahyani; Hendra Hendra
E-Jurnal Manajemen Trisakti School of Management (TSM) Vol 2 No 3 (2022): E-Jurnal Manajemen Trisakti School of Management (TSM)
Publisher : Pusat Penelitian dan Pengabdian kepada Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (235.856 KB) | DOI: 10.34208/ejmtsm.v2i3.1563

Abstract

The purpose of this study was to determine the effect of the Current Ratio, Debt to Equity Ratio, Return on Assets, Return on Equity, Net Profit Margin and Operating Profit Margin on stock prices at Coal Mining sub-sector company. The population used in this study are coal mining sub-sector companies listed on the Indonesia Stock Exchange from 2014-2020 and purposive sampling as the sampling method. The sample criteria that meet as many as 8 companies used in this study are from the financial statements of companies in the coal mining sub-sector listed on the Indonesia Stock Exchange. This study uses multiple linear regression method showing that the current ratio, debt to equity ratio, return on equity have an influence on stock prices. Current ratio, debt to equity ratio and roe have a negative effect to stock price because the higher liquidity also means the company have many idle funds. Higher DER and ROE also indicate the company less efficient in their activity.
Faktor yang mempengaruhi Leverage sub sektor Pharmaceuticals di BEI Karlina Sopendi; Hendra Hendra
E-Jurnal Manajemen Trisakti School of Management (TSM) Vol 3 No 1 (2023): E-Jurnal Manajemen Trisakti School of Management (TSM)
Publisher : Pusat Penelitian dan Pengabdian kepada Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34208/ejmtsm.v3i1.1917

Abstract

This study was conducted with the aim of knowing whether there are effect of firm size, asset structure, liquidity, growth opportunities, profitability, and firm age on leverage. The population used in this study is the Pharmaceuticals Sub Sector on the Indonesia Stock Exchange from 2011 to 2020. Based on the purposive sampling method, 8 companies were sampled in the study. The data analysis method used is descriptive statistics and regression panel with a FEM model to testing all hypothesis. The conclusion that can be drawn from this research is that there is an effect of firm size, asset structure, and liquidity on leverage. Firm size and liquidity negatively effect to leverage because a mature company usually don’t need more debt to financing their activities. Asset structure have a positive effect to leverage because more asset means more collateral so company easy to get a loan. Meanwhile, growth opportunities, profitability, and company age have no effect on leverage.
Faktor yang Mempengaruhi Nilai Perusahaan Pada Sektor Consumer Goods Industry Nixon Natanael Alexander; Hendra Hendra
E-Jurnal Manajemen Trisakti School of Management (TSM) Vol 3 No 1 (2023): E-Jurnal Manajemen Trisakti School of Management (TSM)
Publisher : Pusat Penelitian dan Pengabdian kepada Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34208/ejmtsm.v3i1.2070

Abstract

The purpose of this research is to determine some of the factors that could affect the value of the company. The independent variables used in this research are managerial ownership, institutional ownership, capital structure, profitability, company growth, company size, and dividend policy. The object of this research is Consumer Goods Industry sector that are listed on the Indonesia Stock Exchange (IDX) in 2016-2020. This research used 40 samples and the research method used was purposive sampling method. The data analysis method used is descriptive statistics and regression panel with a FEM model to testing all hypothesis. Based on the results of this study, it was concluded that the profitability and growth of the company affect the value of the company. Profitability has a positive effect to firm value because the company profit reflects a good performance of company so the investor sees this as a positive signal. Growth has a negative effect because investor sees that company will retain the dividend for financing the new opportunity. Meanwhile, managerial ownership, institutional ownership, capital structure, company size, and dividend policy have no effect on firm value.