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PENGARUH PROFITABILITAS, LIKUIDITAS, DAN LEVERAGE DALAM MEMPREDIKSI FINANCIAL DISTRESS PADA PERUSAHAAN ANEKA INDUSTRI YANG TERDAFTAR DI BURSA EFEK INDONESIA Ni Komang Evi Endayani; I Wayan Widnyana; I Wayan Sukadana
VALUES Vol. 1 No. 4 (2020): Values
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis UNMAS

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Abstract

Penelitian ini bertujuan untuk mengetahui dan menjelaskan apakah Profitabilitas yang diukur dengan Return On Asset, Likuiditas yang diukur dengan Current Ratio, dan Leverage yang diukur dengan Debt Ratio berpegaruh dalam memprediksi Financial Distress pada perusahaan aneka industri yang terdaftar di Bursa Efek Indonesia. Populasi dalam penelitian ini adalah seluruh perusahaan aneka industri yang terdaftar di BEI tahun 2015 sampai 2017. Sedangkan sampel penelitian ini ditentukan dengan metode purposive sampling sehingga diperoleh 25 perusahaan sampel. Jenis data yang digunakan adalah data sekunder yang diperoleh dari Indonesian capital market directory dan www.idx.co.id. Hasil penelitian ini menunjukkan bahwa Profitabilitas berpengaruh negatif dan signifikan terhadap Financial Distress, Likuiditas berpengaruh negatif dan signifikan terhadap Financial Distress, dan Leverage berpengaruh positif dan signifikan terhadap Financial Distress.
PENGARUH PROFITABILITAS, LIKUIDITAS DAN LEVERAGE TERHADAP KONDISI FINANCIAL DISTRESS PADA PERUSAHAAN PROPERTI DAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA Desak Made Ayu Shania Saraswati; I Wayan Sukadana; I Wayan Widnyana
VALUES Vol. 1 No. 4 (2020): Values
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis UNMAS

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Abstract

Financial distress merupakan tahap penurunan kondisi keuangan yang terjadi sebelum terjadinya kebangkrutan atau likuidasi. Untuk mengurangi resiko kebangkrutan dengan mengetahui tanda – tanda financial distress dengan menganalisis laporan keuangan melalui rasio keuangan yaitu profitabilitas, likuiditas dan leverage. Tujuan penelitian ini adalah untuk menguji dan memperoleh bukti empiris pengaruh profitabilitas, likuiditas dan leverage terhadap kondisi financial distress. Populasi dalam penelitian ini adalah perusahaan Properti dan Real estate sebanyak 48 perusahaan. Dan yang dijadikan sampel dalam penelitian ini sebanyak 15 perusahaan. Alat analisis yang digunakan adalah analisis regresi logistik. Hasil penelitian ini menunjukkan bahwa bahwa profitabilitas berpengaruh negatif dan signifikan terhadap kondisi financial distress, likuiditas tidak berpengaruh terhadap kondisi financial distress dan leverage berpengaruh positif dan signifikan terhadap kondisi financial distress.
PENGARUH DEBT TO EQUITY RATIO (DER), DEBT TO ASSET RATIO (DAR), DAN INVENTORY TURNOVER TERHADAP PROFITABILITAS PADA PERUSAHAAN OTOMOTIF YANG TERDAFTAR DI BURSA EFEK INDONESIA Ni Komang Putri Aristiani; I Wayan Sukadana; I Wayan Widnyana
VALUES Vol. 2 No. 2 (2021): Values
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis UNMAS

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Profitability refers to a comparison to find out the company's ability to get profit from earnings (earnings) related to sales, assets, and equity based on certain measurement basis. This study aims to examine and obtain empirical evidence of the effect of debt to equity ratio (DER), debt to asset ratio (DAR), and inventory turnover on profitability in automotive companies listed on the Indonesia Stock Exchange. The population of this research is automotive companies listed on the Indonesia Stock Exchange in the period 2015-2017. The samples in this study were 13 automotive companies determined based on the purposive sampling method. The tool used to wash away hypotension is SPSS version 23.0 for Windows. The results of this study indicate that the debt to equity ratio (DER), inventory turnover has no effect on profitability. While the debt to asset ratio (DAR) has a negative and significant effect on profitability. Future studies can develop this research by using other variables that theoristically have an influence on profitability.
PENGARUH PROFITABILITAS, LIKUIDITAS DAN LEVERAGE TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN INDEKS IDX HIGH DIVIDEND 20 YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2015-2017 A.A. Ade Eka Putra Andryawan; I Wayan Sukadana; I Wayan Widnyana
VALUES Vol. 2 No. 2 (2021): Values
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis UNMAS

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This study aimed to determine the effect of Profitability on Dividend Policy, Liquidity on Dividend Policy, 3) Leverage on Dividend Policy. The location of this research is on the Indonesia Stock Exchange (IDX) by accessing the official website of the IDX, namely www.idx.co.id. The population in this study were 20 index companies of IDX High Dividend 20 listed on the Indonesia Stock Exchange on 2015-2017. The sample analysis technique used was purposive sampling technique, namely 20 companies with a total of 60 observations. The data analysis technique used is multiple linear regression analysis. The test results show that profitability a positive and significant effect on dividend policy in the index companies of IDX High Dividend 20. Liquidity has no effect on dividend policy in index companies of IDX High Dividend 20 and Leverage has a negative and significant effect on dividend policy in index companies of IDX High Dividend 20. Profitability, Liquidity, and Leverage simultaneously affect dividend policy in index companies of IDX High Dividend 20.
PENGARUH RETURN ON ASSET (ROA), DEBT TO EQUITY RATIO (DER), DAN INFLASI TERHADAP RETURN SAHAM PADA PERUSAHAAN PROPERTY DAN REAL ESTATE YANG TERDAFTAR PADA BURSA EFEK INDONESIA Ni Kadek Santi Suarniti; I Wayan Sukadana; I Wayan Widnyana
VALUES Vol. 2 No. 2 (2021): Values
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis UNMAS

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Stock Return is the value obtained as a result of investing activities, because a high enough stock return will be more attractive for investors to buy shares in the capital market. This study aims to test and obtain empirical evidence regarding the effect of Return On Asset (ROA), Debt To Equity Ratio (DER), and Inflation on stock returns in property and real estate companies listed on the Indonesia Stock Exchange. The population of this research is property and real estate companies listed on the Indonesia Stock Exchange in 2014-2018. The research sample was 41 companies which were determined based on purposive sampling method. The analytical tool used to test the hypothesis is multiple linear regression analysis. The results showed that Return on Assets (ROA) had a positive effect on stock returns, while the Debt To Equity Ratio (DER) and inflation had no effect on stock returns. In addition, Return on Assets (ROA), Debt to Equity Ratio (DER), and inflation simultaneously have a significant effect on stock returns. Further research can develop research using other variables such as interest rates and foreign exchange rates, as well as adding to the observation year period and using companies listed on the IDX so that the research results can be more comprehensive.
PENGARUH FREE CASH FLOW, RISIKO BISNIS, DAN KEBIJAKAN UTANG TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA Ni Kadek Dwi Suciati; I Wayan Widnyana; Gregorius Paulus Tahu
VALUES Vol. 2 No. 2 (2021): Values
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis UNMAS

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Firm value is an indicator of how the market values ​​the company as a whole. Firm value is very important because it reflects the company's performance which can affect investors' perceptions of the company. This study aims to test and obtain empirical evidence of the effect of free cash flow, business risk, and debt policy on firm value in manufacturing companies listed on the Indonesia Stock Exchange. The population in this study are manufacturing companies listed on the IDX in 2016-2018. The sample in this study were 12 manufacturing companies which were determined based on the purposive sampling method. The data analysis technique used in this study is multiple regression analysis. The results showed that free cash flow had a positive and significant effect on firm value. Business risk has a negative and significant effect on firm value. Debt policy has a positive and significant effect on firm value at the company. Further research is also suggested to conduct research on companies with more diverse characteristics, so that the results obtained can represent a conclusion by comparing each sector of companies listed on the Indonesia Stock Exchange.
PENGARUH PERTUMBUHAN ASET, UKURAN PERUSAHAAN DAN PROFITABILITAS TERHADAP STRUKTUR MODAL PADA PERUSAHAAN MANUFAKTUR SEKTOR FARMASI DI BURSA EFEK INDONESIA I Gusti Ayu Putri Sinta Dewi; I Wayan Sukadana; I Wayan Widnyana
VALUES Vol. 2 No. 3 (2021): Values
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis UNMAS

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The capital structure indicates how the company finances its operational activities or how the company finances its assets. Companies need funds that come from their own capital and foreign capital. This study aims to determine the effect of asset growth, company size, and profitability on capital structure in pharmaceutical sector manufacturing companies listed on the Indonesia Stock Exchange. The study population was 10 pharmaceutical sector manufacturing companies listed on the IDX in 2014-2018. The sample in this study were 9 companies which were determined based on purposive sampling technique so that the total sample during 2014-2018 was 45 company units. The analysis tool used is multiple linear regression analysis. The results showed that asset growth had a positive and significant effect on capital structure, firm size and profitability had no effect on capital structure and simultaneously asset growth, company size and profitability had a significant effect on capital structure. Future research is expected to be able to increase the variety of research variables related to capital structure, so that it can increase research references on capital structure.
PENGARUH EFEKTIVITAS MODAL KERJA, PERPUTARAN PIUTANG, DAN KEBIJAKAN UTANG TERHADAP RENTABILITAS EKONOMI PADA BIRO PERJALANAN WISATA, HOTEL DAN RESTORAN YANG TERDAFTAR DI BURSA EFEK INDONESIA Ni Made Ayu Gita Dianningrat; I Wayan Sukadana; I Wayan Widnyana
VALUES Vol. 2 No. 3 (2021): Values
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis UNMAS

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This study aims to determine and explain whether the Effectiveness of Working Capital, Accounts Receivable Turnover, and Debt Policy have an effect on Economic Profitability in travel agents, hotels and restaurants listed on the Indonesia Stock Exchange. The sample in this study were 15 travel agency companies, hotels and restaurants listed on the Indonesia Stock Exchange for the period 2016-2018 which were determined based on the purposive sampling method. The research test used multiple regression analysis. The results showed that the effectiveness of working capital had a positive effect on economic profitability. Meanwhile, accounts receivable turnover and debt policy have no effect on economic profitability. Further research can develop this research by using other variables which in theory have an influence on economic profitability.
PENGARUH PROFITABILITAS, STRUKTUR AKTIVA, DAN UKURAN PERUSAHAAN TERHADAP STRUKTUR MODAL PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA Ni Kadek Dwi Pebriyanti; I Wayan Sukadana; I Wayan Widnyana
EMAS Vol. 1 No. 1 (2020): EMAS
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Mahasaraswati Denpasar.

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Struktur modal merupakan perimbangan atau perbandingan antara hutang jangka panjang dengan modal sendiri, dimana struktur modal merupakan bagian dari struktur keuangan. Adanya faktor-faktor yang mempengaruhi struktur modal menjadi hal yang penting sebagai dasar dalam penentuan komposisi struktur modal optimal perusahaan. Struktur modal dapat dipengaruhi beberapa faktor diantaranya yaitu stabilitas penjualan, struktur aktiva, operating leverage, tingkat pertumbuhan, profitabilitas, pajak, pengendalian, sikap manajemen, sikap pemberi pinjaman dan penilai kredibilitas, kondisi pasar, kondisi internal perusahaan dan fleksibilitas keuangan. Penelitian ini bertujuan untuk menguji pengaruh profitabilitas, struktur aktiva dan ukuran perusahaan terhadap struktur modal. Penelitian ini dilakukan pada Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) periode 2015-2017. Jumlah sampel yang digunakan dalam penelitian adalah 67 perusahaan, dengan menggunakan metode purposive sampling. Teknik analisis data yang digunakan adalah analisis regresi linear berganda. Hasil penelitian menunjukan bahwa variabel profitabilitas, struktur aktiva dan ukuran perusahaan berpengaruh signifikan terhadap struktur modal. Secara parsial variabel profitabilitas berpengaruh negatif dan signifikan terhadap struktur modal dengan nilai signifikansi 0,016. Variabel struktur aktiva tidak berpengaruh terhadap struktur modal yang ditunjukkan dengan nilai signifikansi sebesar 0,250. Sedangkan variabel ukuran perusahaan berpengaruh positif dan signifikan terhadap struktur modal dengan nilai signifikansi 0,007.
PENGARUH PERTUMBUHAN NILAI TABUNGAN PERTUMBUHAN NILAI DEPOSITO DAN PERTUMBUHAN NILAI KREDIT TERHADAP KINERJA OPERASIONAL PADA LEMBAGA PERKREDITAN DESA (LPD) DI KABUPATEN BADUNG I Wayan Suardiyasa; I Wayan Sukadana; I Wayan Widnyana
EMAS Vol. 2 No. 1 (2021)
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Mahasaraswati Denpasar.

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The ability of the LPD to generate maximum profit / profit, cannot be separated from third party funds in the form of savings and deposits as well as productive assets in the form of credit owned by the LPD to carry out operational activities so that later it can generate added value for the LPD, namely profit / profit with the funds it has. what is called rentability, one of the components to measure rentability is the BOPO ratio, which is the ratio between operating costs and operating income. The purpose of this study was to determine the effect of growth in the value of savings, deposits, and credit on operational performance (BOPO ratio) in LPDs in Badung Regency. The population in this study were all LPDs in Badung Regency in the 2017-2019 period. The sampling method used in this study was the Proposional Stratified Sampling method with a sample of 55 LPDs. The data analysis techniques used in this study were descriptive statistics, classical assumption tests, and data analysis. The data analysis method used is multiple linear regression analysis. The results showed that the growth in savings value has a positive and significant effect on operational performance (BOPO ratio), deposit value growth has a positive and insignificant effect on operational performance (BOPO ratio), and credit value growth has a negative and significant effect on operational performance (BOPO ratio). All independent variables consisting of growth in the value of savings, deposits, and credit have an effect of 4.6% on operational performance (BOPO ratio), while the remaining 95.4% is influenced by other factors not explained in this research model.
Co-Authors A.A. Ade Eka Putra Andryawan Aditya, I Putu Rendi Agus Wahyudi Salasa Gama Al-Alamin, Muhajirin Almuntasir Almuntasir Almuntasir, Almuntasir Anak Agung Anggita Cayanti Yuniarsa Anak Agung Diah Angganingrum Anggraeni, Ratih Dwi Antari, Ni Putu Medya Pradnya Antari, Ni Putu Peri Arianti, Ni Luh Putu Divarina Asih, Ni Luh Merry Astiti, Ni Luh Sasi Bella, Ni Nyoman Nuryanti Bontot, I Nyoman Charlie Wirawan Cokorda Agung Satya Pramantha Da Costa, Carla Alexandra De Jesus Desak Made Ari Susilawati Desak Made Ayu Shania Saraswati Desak Putu Parmiti Desak Putu Satria Lantasari DESAK PUTU SRI UTAMI DEWI Dewa Ayu Ari Purnama Yanti Dewa Ayu Diah Kharisma Dewi Dewa Ayu Diah Pradnya Swari Dewa Gde Bagus Satya Wibawa Dewi, Ni Komang Sinta Dian Tariningsih Dominicius Djoko Budi Susilo Dominicius Djoko Budi Susilo Dominicus Djoko BS. Erawati, Ni Kadek Egi Ernawati, Ni Putu Siki Febriyanti, Ni Putu Putri G. Oka Warmana, G. Oka Ganetri, Ni Made Lita Gitaswari, Ni Putu Ayu Gregorius Paulus Tahu I Dewa Gede Punarbawa I Dewa Nyoman Raka I Gede Agus Krisna Yasa I Gede Putu Eka Budiyasa I Gede Urwa Oka Semarabawa I Gst Ayu Shinta Puspita Sari I Gst Ngr Bagus Gunadi I Gst. Ngr Bagus Gunadi I Gusti Agung Teja Kusuma I Gusti Ayu Cantika Pradnyani I Gusti Ayu Putri Sinta Dewi I Gusti Ngurah Bagus Gunadi I Gusti Ngurah Japa I Komang Aditya Mahendra Putra I Komang Gaizka Senopati Gunawan I Komang Oka Permadi I Komang Windu Sandika I Made Adhika I Made Aditya Wardana I Made Diarta I Made Sukadana I Nengah Aristana I Nengah Suardhika I Nengah Suarmanayasa I Nyoman Bontot I Nyoman Suparsa I Putu Kevin Gautama I Wayan Suardiyasa I Wayan Suarjana I Wayan Sujana I Wayan Sujana I Wayan Sukadana I Wayan Sukadana I Wayan Sukadana Ida Ayu Agung Anggreni Putri Ida Ayu Komang Tiara Pratistha Sari Ida Ayu Lia Maheswari Ida Ayu Made Citra Dewi Ida Ayu Nirma Prameswari Indriyani, Ni Kadek Wulan Joe, Augyawati Kadek Ika Silvia Dewi Kadek Sinta Purnamasari Komang Ayu Sukma Ginanti Komang Ayu Sukma Ginanti Komang Brian Krisna Kanugrawan Komang Dibia Suwardewa Komang Emi Yulistia Dewi Krisna, Ni Made Ayu Kusuma, I Gusti Agung Teja Kusuma, I Gusti Made Cahya Dharma LAKSEMINI, Kadek Dewi Indah Sri Lantasari, Desak Putu Satria Made Esa Abimansa Wijaya Made Ika Prastyadewi Mita Ekariani, Ni Wayan Nengah Landra Ni Kadek Dewi Maskanti Ni Kadek Dwi Pebriyanti Ni Kadek Dwi Suciati Ni Kadek Lilis Ni Kadek Nonik Rasminingsih Ni Kadek Rika Putri Rahayu Ni Kadek Riska Ramadani Ni Kadek Santi Suarniti Ni Kadek Septiari Ni Kadek Sugiartini Ni Kadek Sulistiawati Ni Kadek Yulia Pridayanti Ni Kadek Yunita Sari Ni Ketut Ceria Dewi Ni Ketut Sri Wulandari Ni Ketut Sri Wulandari Ni Komang Apriwila Santi Mastini Ni Komang Arika Swandewi Ni Komang Desy Sukmawati Ni Komang Evi Endayani Ni Komang Nita Maheni Ni Komang Putri Aristiani Ni Komang Triswari Jayantini Ni Luh Ari Yusasrini Ni Luh Ayu Grahetha Tirta Dewi Suastra Ni Luh Diah Widiastuti Ni Luh Silvia Ratna Juliantari Ni Luh Tresna Fridaliyanti Ni Made Arik Pebriyanti Ni Made Ayu Gita Dianningrat Ni Made Ayu Mariani Ni Made Chintya Dewi Ni Made Dewi Antari Ni Made Dwi Puspitawati Ni Made Feby Rahayu Ni Made Krisna Arum Listyaningsih Ni Made Luisiana Wulandari Ni Made Priska Setiawati Ni Made Sintya Surya Dewi Ni Made Widya Sari NI MADE WINDA UTARI, NI MADE WINDA Ni Nyoman Ayuning Kertyasih Ni Nyoman Suryani Ni Nyoman Trianti Ni Putu Ayu Swandewi Ni Putu Cempaka Dharmadewi Atmaja Ni Putu Riskayanti Ni Putu Trisna Yuliantari Ni Wayan Eka Mitariani Ni Wayan Lestari Niladanti, Anak Agung Istri Nur Faiza Oktayeni, I Dewa Ayu Putri Pebriyanti, Ni Made Arik Poniasih, Ni Komang Putri Pradnyana, I Made Ardi Pridayanti, Ni Kadek Yulia Purwaningsih, Ni Luh Putra, Gusti Ngurah Made Dharma Putri, I Gusti Agung Putu Sintia Putri, Ketut Adelya Karina Putri, Putu Wiandha Putri, Tria Firnanda Amelia Putu Ari Pertiwi Sanjiwani Raul Hidayat Rosalia Dalima Landang RR. Maria Yulia Dwi Rengganis Sanjaya, I Nyoman Arya Sapta Rini Widyawati Sapta, I Ketut Septia Sari, Ni Putu Hana Puspita Sudewi, Ni Luh Putu Suryandari, Ni Suryanti, Ni Wayan Sutawan, I Made Swari, Komang Ayu Diah Sandya Trisnawati, Ni Wayan Monik Utami, Ni Kadek Lilis Dwi Warmana, G Oka Widiarti, Luh Putu Wijana, I Made Dauh Wiratama, Gede Andika Yanti, Ni Wayan Sri Aprilia Yuniarsa, Anak Agung Anggita Cayanti Yuniparmini, Ni Kadek