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All Journal Jurnal PERKUSI: Pemasaran, Keuangan dan Sumber Daya Manusia INTEGRATION: Journal of Multidisciplinary Studies
Sutandijo Sutandijo
Universitas Pamulang, Tangerang Selatan, Banten, Indonesia
Economics, Econometrics & Finance

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Pengaruh Financial Leverage dan Struktur Modal Terhadap Potensi Terjadinya Financial Distress Devi Pratiwi; Listya Sugiyarti; Nur Asmilia; Siti Hanah; Sutandijo Sutandijo
Jurnal Ilmiah PERKUSI Vol 3, No 2 (2023): PERKUSI
Publisher : Universitas Pamulang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32493/j.perkusi.v3i2.29587

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh financial leverage dan struktur modal terhadap potensi terjadinya financial distress pada perusahaan keuangan yang terdafar di Bursa Efek Indonesia periode 2016-2020. Jumlah sampel penelitian ini sebanyak 11 perusahaan dan total 55 data laporan keuangan, dengan metode penarikan sampel menggunakan metode Purposive Sampling. Metode penelitian ini menggunakan analisis deskriptif kuantitatif. Hasil penelitian menunjukkan bahwa variabel financial leverage berpengaruh negatif dan signifikan terhadap potensi terjadinya financial distress. Variabel Struktur Modal berpengaruh positif dan tidak signifikan terhadap potensi terjadinya financial distress. Varibel independen dapat menjelaskan bahwa pengaruh potensi terjadinya financial distress sebesar 11,4% sedangkan sisanya 88,6% dipengaruhi oleh faktor lain yang tidak dimasukan dalam model regresi ini. Sedangkan secara simultan menunjukan bahwa financial leverage dan struktur modal berpengaruh positif dan signifikan terhadap potensi terjadinya financial distress.
Managerial ownership, capital structure, and tax avoidance: evidence on firm value in Indonesian property companies Maria Goreti Santutu; Sutandijo Sutandijo
INTEGRATION: Journal of Multidisciplinary Studies Vol. 2 No. 1 (2027): INTEGRATION: Journal of Multidisciplinary Studies - February in Press
Publisher : SCM PUBLISHING

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65881/integration.v2i1.184

Abstract

Purpose: to empirically examine the effect of managerial ownership, capital structure, and tax avoidance on firm value in property and real estate companies. Method: this study employed a quantitative associative approach using secondary data obtained from the annual reports of property and real estate companies listed on the Indonesia Stock Exchange (IDX) during 2019–2024. The sample was selected using purposive sampling, resulting in 11 companies with 66 observations. Data were analyzed using panel data regression with EViews 12, including descriptive statistics, model selection tests, classical assumption tests, and hypothesis testing. Findings: managerial ownership has a significant negative effect on firm value, while capital structure and tax avoidance have no significant effect on firm value. However, managerial ownership, capital structure, and tax avoidance jointly have a significant effect on firm value. The model explains only a limited proportion of the variation in firm value, suggesting that other factors outside the model may play a larger role in determining firm value. Implications: companies should strengthen corporate governance, managerial accountability, and prudent financial and tax management to support firm value. Originality: by examining the effects of managerial ownership, capital structure, and tax avoidance on firm value in property and real estate companies listed on the Indonesia Stock Exchange during 2019–2024.
Co-Authors Devi Pratiwi Listya Sugiyarti Maria Goreti Santutu Nur Asmilia Siti Hanah