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p-Index From 2021 - 2026
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This Author published in this journals
All Journal International Journal of Islamic Business and Management Review International Journal of Management and Business Applied
Sudjono Sudjono
Universitas Mercu Buana
Arts Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

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Determinants of Financial Distress Using Enterprise Risk Management as an Intervening Variable Elfriandi Elfriandi; Sudjono Sudjono
International Journal of Management and Business Applied Vol. 2 No. 1 (2023)
Publisher : Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54099/ijmba.v2i1.486

Abstract

The purpose of this study is to determine the effect of leverage, liquidity, and cash flow operations on financial distress, with enterprise risk management as an intervening variable. For the period 2017-2021, this study was conducted at building construction service companies listed on the Indonesian stock exchange. Metodology/approach -The sampling technique used in this study is purposive sampling. The sample in this study are 17 companies of construction services companies listed on the Indonesian stock exchange during 2017 to 2021. The data analysis method is panel data regression analysis which is processed using the EViews program tool 12.0. .Findings - The results of this study indicate that leverage and liquidity have no effect on enterprise risk management, while cashflow operation has an effect on enterprise risk management. Furthermore, leverage, liquidity, enterprise risk management have no effect on financial distress, while cash flow operation has an effect on financial distress. On the intervening variable, enterprise risk management is unable to mediate the effect of leverage, liquidity, cash flow operations on financial distress. However, simultaneously as the result of F-test shows that leverage, liquidity and cashflow operation jointly have an effect to the enterprise risk management (ERM) and also leverage, liquidity, cashflow operation, and ERM have a joint effect on financial distress. Novelty/value – As the result of T statistic test and Sobel test found that cashflow operation affects ERM and financial distress. However, enterprise risk management as intervening is unable to mediate the effect of leverage, liquidity, cash flow operations on financial distress
A Determinants of Financial Performance and Their Impact on Firm Value in the Building Construction Industry Sub-Sector M. Noor Salim; Sudjono Sudjono; Suratno Suratno
International Journal of Islamic Business and Management Review Vol. 2 No. 2 (2022)
Publisher : Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54099/ijibmr.v2i2.387

Abstract

This study aims to analyze the effect of intellectual capital, managerial ownership, company size and company financial performance on firm value. This research was conducted at building construction industry sub-sector companies listed on the Indonesia Stock Exchange for the observation period from 2017 – 2021. A total sample of 9 companies was obtained using a purposive sampling technique. This study used panel data regression analysis with STATA 17 software. The results showed that intellectual capital had a positive and significant effect on the company's financial performance, while managerial ownership and company size had a negative and significant effect. Intellectual capital has a positive and insignificant effect on firm value, while managerial ownership and firm size have a negative and significant effect. The company's financial performance has a positive and significant effect on firm value, and is able to mediate the influence of intellectual capital on firm value. However, the company's financial performance is not able to mediate the effect of managerial ownership and company size on firm value. This research will have an impact on increasing understanding and consideration for investors when making decisions to invest in the Indonesian Stock Exchange.
Co-Authors Elfriandi Elfriandi M. Noor Salim Suratno Suratno