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The Effect Of Profitability Ratios On Firm Value Fitriani; Annisa Paramaswary Aslam; Anwar
Journal of Studies in Academic, Humanities, Research, and Innovation Vol. 3 No. 1 (2026): Vol 3 No 1 June 2026
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/sahri.v3i1.1389

Abstract

This study aims to analyze the influence of Return on Assets (ROA), Return on Equity (ROE), and Net Profit Margin (NPM) on firm value among technology companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. The research employs a quantitative approach using panel data regression analysis. The sample consists of nine technology companies selected through purposive sampling based on specific criteria. The results indicate that, individually, ROA, ROE, and NPM have no significant effect on firm value. Simultaneously, the three profitability variables also fail to exert a statistically significant combined influence on firm value. This suggests that profitability levels have not yet served as a positive signal to investors in assessing the value of technology firms in the capital market. Consequently, the findings contradict Signalling Theory, which posits that a company’s profitability provides investors with meaningful signals about its performance and future prospects. Instead, the results imply that during the research period, the value of technology firms in Indonesia was driven more by factors beyond profitability such as product innovation, adaptability to technological change, and the dynamic nature of the digital market..
Capital Structure And Firm Value: The Mediating Role Of Profitability Asmin; Burhanuddin; Anwar; Nurman; Andi Mustika Amin
Journal of Studies in Academic, Humanities, Research, and Innovation Vol. 3 No. 1 (2026): Vol 3 No 1 June 2026
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/sahri.v3i1.1408

Abstract

The property and real estate sector is one of the important sectors that contribute to the Indonesian economy, but in the 2021–2024 period, this sector experienced a decline in company value as reflected in market performance. This problem prompted this study, which aims to analyze the effect of capital structure on company value and examine the role of profitability as a mediating variable in property and real estate sector companies listed on the Indonesia Stock Exchange for the 2020–2024 period. This study uses a quantitative approach with the Partial Least Square-Structural Equation Modeling (PLS-SEM) method and the sample was determined through a purposive sampling technique on companies that meet the research criteria. The results of the study indicate that capital structure has a significant negative effect on company value and profitability, while profitability has a significant positive effect on company value and is proven to mediate the effect of capital structure on company value; this finding supports the Trade-off Theory regarding the importance of balance in the use of debt, but also shows limitations in the application of Signaling Theory in the property sector. This study concludes that excessive use of debt can reduce profitability and company value, so companies need to establish an optimal capital structure to maintain financial performance and increase investor confidence.
The Influence Of Financial Literacy On Household Financial Management Among Fishermen In Watolo Village, Central Buton Regency Xena Agnisya Putri; Anwar; Tenri Sayu Puspitaningsi Dipoatmojo
Journal of Studies in Academic, Humanities, Research, and Innovation Vol. 3 No. 1 (2026): Vol 3 No 1 June 2026
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/sahri.v3i1.1424

Abstract

This study aims to examine the extent to which financial literacy influences the financial management ability of fishing households in Watolo Village, Central Buton Regency. Fishermen are a community group that depends heavily on weather conditions and market dynamics, making their income unstable between fishing and lean seasons. In such conditions, the ability to manage income becomes an essential factor in maintaining family economic resilience. Financial literacy, which includes knowledge, attitudes, and skills in understanding and managing personal finances, is believed to play a significant role in improving the welfare of fishermen. This research employs an associative quantitative approach involving 60 respondents who are active heads of fishing households in Watolo Village. Data were collected through a Likert scale questionnaire and analyzed using simple linear regression. The results indicate that financial literacy has a positive and significant effect on household financial management, with a regression coefficient of 0.430, R value of 0.542, R² of 0.294, and a significance level of 0.000 (<0.05). These findings confirm that the higher the level of financial literacy, the better the fishermen’s ability to manage income, record financial flows, and plan long-term savings. The implication of this study is the need for community-based financial education programs and coastal economic empowerment policies tailored to the income characteristics of fishermen to strengthen their resilience against seasonal risks. Keywords: financial literacy; financial management; fishermen household; Central Buton
The Effect Of Liquidity, Activity And Leverage Ratios On Profitability With Company Size As A Moderating Variable Muh. Sahrul Ramadhani; Anwar; Rezky Amalia Hamka
Journal of Studies in Academic, Humanities, Research, and Innovation Vol. 3 No. 1 (2026): Vol 3 No 1 June 2026
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/sahri.v3i1.1437

Abstract

The technology sector is a key driver of economic growth in today's digital era. However, during the 2021-2023 period, this sector experienced a decline in profitability, as reflected in the companies' financial reports. This issue is the background for this research, which aims to examine the influence of liquidity, activity, and leverage on profitability, as well as the potential mediating effect of firm size in technology sector companies listed on the Indonesia Stock Exchange for the 2021-2023 period. The sample selection was carried out by purposive sampling to select company samples that met the criteria for this quantitative research, which uses the Partial Least Square-Structural Equation Modeling (PLS-SEM) method. The research findings indicate that while activity and leverage each have a positive but significant impact on profitability, liquidity has a negative but negligible impact. It also shows that firm size does not mediate the impact of activity, liquidity, and leverage on profitability; these findings support the Trade-off Theory regarding the importance of balance in the use of debt, but also indicate limitations in the application of Signaling Theory in the technology sector. This study concludes that high current assets reflect inefficient use of funds. Activity has a positive but insignificant influence, indicating that increased activity has not been accompanied by efficiency in asset management. Leverage also has a positive but insignificant influence, signaling that the use of debt has not been managed optimally. Furthermore, the relationship between liquidity, activity, and leverage on profitability cannot be mediated by organizational size.
The Influence Of Leadership Style On Employee Performance At PT. Suracojaya Abadimotor, Daya Bumi Tamalanrea Permai (BTP) Branch, Makassar City Reinaldy Ericson Pasangka; Anwar; Burhanuddin
Journal of Studies in Academic, Humanities, Research, and Innovation Vol. 3 No. 1 (2026): Vol 3 No 1 June 2026
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/sahri.v3i1.1457

Abstract

This study aims to analyze the influence of leadership style on employee performance at PT. Suracojaya Abadimotor, Daya Bumi Tamalanrea Permai (BTP) Branch, Makassar City. The problem of this study began with the fluctuation of employee performance, which indicated less than optimal implementation of leadership style in the company environment. The method of research employed is a quantitative approach, utilizing a descriptive type of research. The population in this study amounted to 30 employees, and all of them were sampled through a saturated sampling technique. Data were collected through questionnaires, observations, and interviews, and analyzed using simple linear regression with the help of partial tests (t-tests). The findings indicated that the leadership style positively and significantly influenced employee performance, with a significance value of 0.001 (less than 0.05). The coefficient of determination (R²) value of 0.330 indicates that leadership style contributed 33% to improving employee performance, while the remaining 67% was influenced by other factors outside this study. These findings indicate that the leader's ability to communicate, provide direction, and build harmonious working relationships is are dominant factor that can enhance employee productivity. Thus, the better the implementation of the leadership style, the better the employee performance.