Article Per Year (5 Year)
p-Index From 2021 - 2026
0.61
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This Author published in this journals
All Journal Journal of Business, Social and Technology IIJSE
Hendro Sasongko
Universitas Pakuan, Bogor, Indonesia
Economics, Econometrics & Finance Industrial & Manufacturing Engineering Social Sciences

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Financial performance, capital structure, and firm's value: The moderating role of dividend policy N Rusnaeni; Dani Rahman Hakim; Hari Gursida; Hendro Sasongko
Journal of Busiess, Social and Technology (Bustechno) Vol. 4 No. 1 (2023): Journal of Business, Social and Technology (Bustechno)
Publisher : Politeknik Siber Cerdika Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (534.44 KB) | DOI: 10.46799/jbt.v4i1.113

Abstract

This study examines the effect of financial performance and capital structure on firm value with dividend policy as a moderating variable. The sample in this study was 13 property and real estate sector companies from 2011 to 2020, with a total of 130 observations. This study found that financial performance and capital structure positively affect firm value. Meanwhile, this study finds that dividend policy cannot moderate the effect of financial performance and capital structure on firm value. The results of this study indicate that property and real estate investors still prioritize the firm's financial performance. Investors are relatively more cautious in investing in property and real estate sector companies even though the dividends offered are pretty high. Thus, property and real estate sector companies need to be more creative in improving their financial performance and obtaining resources to develop their business.
Determinants of Subnational Own-Source Revenue Performance: A Six-Cluster Analysis of East Java, Indonesia Muhammad Salam Taufiqi; Sri Mulatsih; Hendro Sasongko
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 2 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v9i2.9847

Abstract

East Java Province shows a high degree of dependency of central government control for fiscal regional autonomy. This paper discusses the attributes of Original Regional Revenue (PAD) across the 38 districts and cities within East Java for the periods 2020–2024. This makes use of a six-cluster geomapping strategy and other relevant economical and cultural methodologies. From a descriptive and statistical approach on BPS & DJPK datasets contrasted with PAD and fiscal spending and welfare variables, the clusters revealed substantial divergence. The Industrial Cluster of Surabaya has the highest PAD and the Madura Cluster is consistently rated lowest. Unlike the other Pandemics, COVID-19 effects were delayed with a substantial drop in 2022, and not in 2020 and 2021. While the pandemic revitalized the industrial areas, it did less for the tourism-dependent areas. Rapid tourism development during the pandemic did not help. PAD growth was also influenced by the development of the South Cross Road. With the shift of focus of the gap in financing the urban and rural areas to the insatiable needs for alternative revenue sources, the self-financing mechanisms that regional autonomy provides for the areas to manage their finances sustainably are being strengthened.
Co-Authors Dani Rahman Hakim Dani Rahman Hakim, Dani Rahman Hari Gursida Muhammad Salam Taufiqi N Rusnaeni Sri Mulatsih