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Pengaruh Return On Asset, Institutional Ownership, Debt to Equity Ratio dan Public Share Ownership Terhadap Price to Book Value Nurhalizah, Lisna; Ridwan, Ridwan
RIGGS: Journal of Artificial Intelligence and Digital Business Vol. 4 No. 3 (2025): Agustus - October
Publisher : Prodi Bisnis Digital Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/riggs.v4i3.2263

Abstract

Perlambatan ekonomi global dan masalah sektor properti di China, seperti kebangkrutan Evergrande, berdampak pada perekonomian Indonesia, khususnya bidang properti dan real estat yang mengalami tekanan nilai saham namun tetap menarik bagi investor. Penelitian ini menganalisis aspek-aspek yang berdampak pada valuasi perusahaan di sektor tersebut menggunakan rasio Price to Book Value, dengan variabel Return On Asset, Institutional Ownership, Debt to Equity Ratio, dan Public Share Ownership. Penelitian ini mengaplikasikan metodologi kuantitatif melalui metode deskriptif dan verifikatif. Populasi penelitian ini terdiri dari perusahaan properti dan real estate yang tercatat di Bursa Efek Indonesia (BEI) selama periode 2015-2024. Data penelitian diperoleh dari annual report dan dianalisis melalui metode regresi linier berganda. Hasil uji parsial (uji t), Return on Asset dan Debt to Equity Ratio dan Public Share Ownership terbukti mempengaruhi Price to Book Value, sedangkan Institutional Ownership tidak memberikan dampak signifikan. Sementara itu, hasil uji simultan (uji F) menunjukkan bahwa keempat variabel secara bersamaan memberikan kontribusi signifikan terhadap Price to Book.
Pengaruh Retribusi Daerah, Dana Perimbangan Dan Belanja Modal Terhadap Kemandirian Keuangan Pemerintah Daerah: Studi Kasus Pada Kabupaten dan Kota di Provinsi Jawa Barat Tahun Anggaran 2019-2023 Cahya, Alifia Aprilianti; Ridwan, Ridwan
Jurnal Bisnis, Manajemen, dan Ekonomi Vol. 6 No. 3 (2025): Jurnal Bisnis, Manajemen dan Ekonomi
Publisher : Training & Research Institute - Jeramba Ilmu Sukses

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/jbme.v6i3.2913

Abstract

The research aims to investigate the impact of regional compensation, equalization funds, and capital investment on local financial autonomy across 13 regencies in West Java Province from 2019 to 2023. Regional financial independence is a vital metric used to assess a region's capacity to finance its governance without relying heavily on central government assistance. The study adopts a quantitative method with both descriptive and verification approaches. Purposive sampling technique was used, selecting 13 out of 27 available regencies and cities. Classical assumption tests, including a normality assessment using the Kolmogorov–Smirnov technique, yielded a significant result (Sig.=.055). The outcome of the simultaneous significance test (F-test) indicates that, simultaneously, regional retribution, balancing funds, and capital expenditure significantly affect regional financial independence (Sig.=.011). However, the t-test findings show that only balancing funds and capital expenditure have a significant individual effect, while regional retribution does not. The adjusted coefficient of determination (Adjusted R² = .047) suggests that the selected independent factors in the regression model account for only 4.7% of the variation in regional financial independence, with the remaining variation explained by other external factors. These findings suggest that local governments should prioritize the effective management of equalization funds and capital expenditures to promote sustainable regional financial independence