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Pengaruh Current Ratio, Return on Asset, Total Asset Turnover, Pertumbuhan Penjualan dan Struktur Aktiva Terhadap Struktur Modal Priyambada Bagus Artanta; Slamet Mudjijah
Jurnal Serasi Vol 20, No 1 (2022): April 2022
Publisher : Universitas Budi Luhur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36080/js.v20i1.1939

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh rasio lancar, return on asset, total assets turnover, pertumbuhan penjualan, dan struktur aset terhadap struktur modal perusahaan subsektor otomotif dan komponen yang terdaftar di Bursa Efek Indonesia periode 2016-2020. Teknik pengambilan sampel menggunakan teknik purposive sampling, dan jumlah sampel yang digunakan sebanyak 12 perusahaan dari populasi 13 perusahaan. Metode analisis yang digunakan adalah regresi linier berganda. Hasil penelitian menunjukkan bahwa current ratio dan struktur aset berpengaruh terhadap struktur modal, sedangkan return on asset, total asset turnover dan pertumbuhan penjualan tidak berpengaruh terhadap struktur modal pada perusahaan sub sektor konstruksi bangunan terdaftar. di Bursa Efek Indonesia periode 2016-2020. Kata kunci : current ratio, return on asset, total asset turnover, pertumbuhan penjualan, struktur aktiva, struktur modal
Pengaruh Struktur Aktiva, Debt to Asset Ratio, Total Asset Turnover dan Return On Asset terhadap Price Book Value Amanda Sulistia; Priyambada Bagus Artanta
Jurnal Penelitian Ekonomi Akuntansi Vol 8 No 2 (2024)
Publisher : Program Studi Akuntansi Fakultas Ekonomi Universitas Samudra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33059/jensi.v8i2.8567

Abstract

This study aims to determine the effect of Asset Structure, Debt to Asset Ratio, Total Asset Turnover and Return On Asset on the Price Book Value in advertising, printing and media sub-sector companies listed on the Indonesian Stock Exchange for the 2018-2022 period. This research is a type of descriptive research with quantitative methods. The sampling technique for this research uses a purposive sampling method, so that a sample consisting of 15 advertising, printing and media sub-sector companies listed on the Indonesian Stock Exchange for the 2018-2022 period is obtained. The data collection technique for obtaining secondary data is documentation. The analysis technique used in this research is multiple linear regression analysis with the help of the SPSS program. The limitation in the study is that the share price used to calculate the Price Book Value is the closing share price at the end of the year. so further researchers are advised to use share prices other than the closing share price at the end of the year, for example the average share price per month. The results showed that Asset Structure and Total Asset Turnover had an effect on Price Book Value, while Debt to Asset Ratio and Return On Asset had no effect on Price Book Value.
Firm Value Formation Through Financial Performance and Capital Structure: Examining the Moderating Effect of Firm Size Diah Ayu Sekar Astuti; Priyambada Bagus Artanta
EKOMA : Jurnal Ekonomi, Manajemen, Akuntansi Vol. 5 No. 6: September 2026
Publisher : CV. Ulil Albab Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/ekoma.v5i6.21217

Abstract

Firm value is a central concern for investors and management alike, as it reflects the market's assessment of a company's performance and growth prospects. Fluctuations in profitability and financing choices among property and real estate companies in recent years have renewed interest in identifying the factors that drive firm value. This study examines how financial performance and capital structure contribute to firm value, and whether firm size moderates these relationships, using property and real estate companies listed on the Indonesia Stock Exchange (IDX) during 2021-2024. A purposive sampling method produced a final sample of 34 companies, and secondary data were drawn from audited annual financial statements. Hypotheses were tested using multiple linear regression and Moderated Regression Analysis (MRA). Financial performance was measured by Return on Assets (ROA), capital structure by the Debt-to-Equity Ratio (DER), firm value by Price-to-Book Value (PBV), and firm size by the natural logarithm of total assets. The results show that financial performance and capital structure both have a significant positive effect on firm value, while firm size has no significant direct effect. Firm size significantly strengthens the effect of financial performance on firm value, but does not significantly moderate the effect of capital structure on firm value. These findings suggest that improving profitability and managing capital structure remain essential for enhancing firm value, while the role of firm size depends on which relationship is examined.