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Pengaruh Return on Asset & Debt to Asset Ratio Terhadap Cash Holding Pada Perusahaan Sektor Consumer Cyclicals Di Bursa Efek Indonesia
Anggryani, Rossa;
Pribadi, Muhammad Iqbal;
Anshari, Rahman
Jurnal Manajemen, Akuntansi, Ekonomi Vol. 4 No. 2 (2025): Jurnal Manajemen, Akuntansi, Ekonomi (September)
Publisher : CV. Era Digital Nusantara
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DOI: 10.59066/jmae.v4i2.1378
Penelitian ini bertujuan untuk menganalisis seberapa besar pengaruh Return on Assets (ROA) dan Debt to Asset Ratio (DAR) terhadap tingkat kas (cash holding) yang ditahan perusahaan. Penelitian ini menerapkan analisis regresi data panel dan menggunakan purposive sampling dalam pemilihan sampel. Populasi penelitian ini mencakup 120 perusahaan sektor consumer cyclicals yang tercatat di Bursa Efek Indonesia (BEI). Dengan kriteria yang telah ditetapkan, diperoleh 107 perusahaan sebagai sampel dalam kurun waktu 2021 hingga 2023, menghasilkan 321 data observasi. Cash Holding berperan sebagai variabel terikat, sedangkan Return on Assets (ROA) dan Debt to Asset Ratio (DAR) berfungsi sebagai variabel bebas. Studi ini menekankan dinamika cash holding dalam konteks perusahaan consumer cyclicals, sebuah sektor yang punya karakteristik pertumbuhan dan kebutuhan modal kerja yang khas. Hasil analisis mengungkapkan bahwa pada sektor industri consumer cyclicals, ROA berkontribusi positif dan signifikan terhadap Cash Holding, demikian pula DAR yang menunjukkan arah pengaruh serupa.
Pengaruh Likuiditas dan Leverage Terhadap Return Saham Pada Sektor Energi yang Terdaftar di Bursa Efek Indonesia Periode 2019-2023
Nia Ramadani;
Muhammad Iqbal Pribadi;
Rahman Anshari
Jurnal Manajemen, Akuntansi, Ekonomi Vol. 4 No. 2 (2025): Jurnal Manajemen, Akuntansi, Ekonomi (September)
Publisher : CV. Era Digital Nusantara
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DOI: 10.59066/jmae.v4i2.1384
Penelitian ini bertujuan menganalisis pengaruh likuiditas dan leverage terhadap return saham pada perusahaan sektor energi yang terdaftar di Bursa Efek Indonesia periode 2019–2023. Data sekunder diperoleh dari laporan keuangan tahunan 46 perusahaan dengan total 230 observasi. Analisis dilakukan menggunakan regresi data panel dengan pendekatan Common Effect Model (CEM), disertai uji asumsi klasik untuk memastikan kelayakan model. Hasil penelitian menunjukkan bahwa likuiditas dan leverage berpengaruh negatif dan signifikan terhadap return saham. Temuan ini mengindikasikan bahwa kelebihan aset lancar yang tidak produktif serta tingginya ketergantungan pada utang memberikan sinyal negatif bagi investor. Kebaruan penelitian ini terletak pada fokus sektor energi dengan karakteristik spesifik berupa fluktuasi harga komoditas dan kebutuhan modal besar, serta penggunaan pendekatan data panel yang jarang diterapkan pada penelitian sejenis. Secara teoretis, hasil penelitian memperkuat penerapan Signalling Theory dan Trade-Off Theory dalam konteks pasar modal Indonesia. Secara praktis, penelitian ini memberikan implikasi bagi manajemen perusahaan energi untuk menjaga efisiensi pengelolaan aset dan struktur modal, serta bagi investor sebagai pertimbangan dalam menilai risiko dan peluang investasi pada sektor energi.
Pengaruh Kepemilikan Keluarga dan kepemilikan Institusional terhadap Kinerja Perusahaan di Sektor Perdagangan, Jasa, dan Investasi
Oky Jeania Nellanda;
Rahman Anshari;
Yulia Tri Kusumawati
Jurnal Ilmiah Manajemen dan Kewirausahaan Vol. 4 No. 3 (2025): September: Jurnal Ilmiah Manajemen dan Kewirausahaan
Publisher : Lembaga Pengembangan Kinerja Dosen
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DOI: 10.55606/jimak.v4i3.4714
This study aims to examine the effect of family ownership and institutional ownership on company performance. The population used in this study were companies included in the trade, services and investment sectors listed on the Indonesia Stock Exchange during the period 2021 to 2023. Through the purposive sampling method, 631 companies were obtained that met the requirements, namely publishing annual reports and sustainability reports and financial reports in rupiah currency during that period. After removing 441 outlier data from the total sample, the final number of companies used in the analysis was 138. The analysis technique applied in this study was multiple linear regression. Based on the results of hypothesis testing, it is known that family ownership and institutional ownership have a negative effect on company performance
Pengaruh Suku Bunga dan Pertumbuhan Ekonomi Terhadap Return Saham pada Perusahaan Sektor Energi yang Terdaftar di Bursa Efek Indonesia
Wafa Mutmainah;
Muhammad Iqbal Pribadi;
Rahman Anshari
Jurnal Riset Rumpun Ilmu Ekonomi Vol. 4 No. 2 (2025): Oktober: Jurnal Riset Rumpun Ilmu Ekonomi
Publisher : Lembaga Pengembangan Kinerja Dosen
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DOI: 10.55606/jurrie.v4i2.6002
The purpose of this study is to analyze the effect of interest rates and economic growth on stock returns in companies in the energy sector listed on the Indonesia Stock Exchange during the period 2019 to 2023. The method used is a quantitative approach with panel data regression analysis. The study population includes 90 company data from the sector. The sample was determined through a purposive sampling method, resulting in 46 companies that meet the established criteria. The results of the study indicate that interest rates have a significant effect on stock returns, while economic growth also shows a significant effect.
Pengaruh Likuiditas dan Ukuran Perusahaan Terhadap Return Saham pada Sektor Energi yang Terdaftar di Bursa Efek Indonesia
Ratna Sari;
Muhammad Iqbal Pribadi;
Rahman Anshari
Jurnal Riset Rumpun Ilmu Ekonomi Vol. 4 No. 2 (2025): Oktober: Jurnal Riset Rumpun Ilmu Ekonomi
Publisher : Lembaga Pengembangan Kinerja Dosen
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DOI: 10.55606/jurrie.v4i2.6009
This study aims to examine the effect of liquidity, proxied by the Current Ratio, and firm size, proxied by Total Assets, on stock returns. The research period covers the years 2019–2023. The population of this study includes financial reports of 90 energy sector companies listed on the Indonesia Stock Exchange. A purposive sampling technique was employed, resulting in 46 selected companies as the sample. The study uses secondary data derived from the annual financial reports of energy sector companies for the 2019–2023 period. The data analysis method used in this study is panel data regression analysis. In this research, liquidity is measured using the Current Ratio (CR), while firm size is measured by Total Assets. The results indicate that liquidity has a negative and significant effect on stock returns, whereas firm size has a negative but not significant effect on stock returns.
Pengaruh Profitabilitas dan Leverage Terhadap Return Saham pada Sektor Energi Yang Terdaftar di Bursa Efek Indonesia
Gienah Terra Al Fache;
Muhammad Iqbal Pribadi;
Rahman Anshari
MANAJEMEN Vol. 5 No. 2 (2025): Oktober : MANAJEMEN (Jurnal Ilmiah Manajemen dan Kewirausahaan)
Publisher : LPPM Politeknik Pratama
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DOI: 10.51903/k97t0p30
This study aims to examine the effect of profitability and leverage on stock returns in energy sector companies listed on the Indonesia Stock Exchange during the period 2019–2023. Profitability is proxied by Return on Assets (ROA), while leverage is measured by the Debt to Equity Ratio (DER). The population consists of 90 companies, from which 46 were selected using purposive sampling. The research uses secondary data obtained from annual financial statements. Panel data regression is employed as the analytical method. The results show that profitability (ROA) has a significant positive effect on stock returns, while leverage (DER) has a significant negative effect. These findings support the initial hypotheses of the study.
Pengaruh Pengungkapan Emisi Karbon Terhadap Nilai Perusahaan Sektor Aneka Industri Yang Terdaftar Di Bursa Efek Indonesia
Istiqomah, Istiqomah;
Anshari, Rahman;
Jamal, Sri Wahyuni
REVITALISASI : Jurnal Ilmu Manajemen Vol 14 No 2 (2025): REVITALISASI : Jurnal Ilmu Manajemen
Publisher : Universitas Islam Kadiri
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DOI: 10.32503/revitalisasi.v14i2.7797
The goal of this study is to look at how different sectors' stock prices changed when companies disclosed their carbon emissions on the Indonesia Stock Exchange from 2018 to 2022. For this study, 154 research samples were obtained from 42 different organisations using a purposive sampling technique. An independent variable used in this study is the carbon emission disclosure (CED) list, which is a product of the carbon disclosure project (CDP). This study just makes use of profitability as a control variable. The data is analysed using a multiple linear regression model. According to these findings, a company's value drops sharply if its carbon emissions are made public. According to this research, businesses still haven't worked out how to tell the world about their carbon footprints, which means they're missing out on opportunities to win over stakeholders and consumers. There may not have been adequate communication to address the problem, and managers and stakeholders may not understand the significance of this revelation.
PENGARUH STRUKTUR KEPEMILIKAN MANAJERIAL TERHADAP KEMUNGKINAN KESULITAN KEUANGAN PERUSAHAAN SEKTOR INDUSTRI BARANG KONSUMSI
Dhea Sartika;
Rahman Anshari;
Sri Wahyuni Jamal
Manajemen: Jurnal Ekonomi Vol. 6 No. 2 (2024): Manajemen : Jurnal Ekonomi (Special Issue)
Publisher : Fakultas Ekonomi Universitas Simalungun
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DOI: 10.36985/n8e3je35
This study was conducted to analyze the effect of managerial ownership structure on the possibility of financial difficulties in consumer goods industry sector companies. The type of research used is quantitative with an archival research approach that uses time series records. The research population consists of 296 data on companies in the consumer goods industry sector. The sampling technique used non - probability sampling with purposive sampling method, so that 173 company data were obtained that met the sample criteria. The data source used is secondary data obtained from the company's official website. Managerial ownership structure is represented through the ratio of the number of shares that have been released to the public with a value expressed as a percentage, while the possibility of financial difficulties is measured by the Interest Coverage Ratio. The data analysis technique used in this research is logistic regression test. The results showed that managerial ownership structure has a positive effect of 0.000 on the possibility of financial difficulties of companies in the consumer goods industry sector.
PENGARUH UKURAN PERUSAHAAN DAN LEVERAGE TERHADAP FINANCIAL DISTRESS MODE ALTMAN Z-SCORE PADA SEKTOR CONSUMER CYCLICALS DI INDONESIA
Nur Isnaini Azyyati;
Muhammad Iqbal Pribadi;
Rahman Anshari
Manajemen: Jurnal Ekonomi Vol. 7 No. 2 (2025): Manajemen : Jurnal Ekonomi (Special Issue)
Publisher : Fakultas Ekonomi Universitas Simalungun
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DOI: 10.36985/kjtq1b56
Penelitian ini menggunakan model Altman Z-Score untuk menyelidiki pengaruh ukuran perusahaan dan leverage terhadap risiko Financial Distress pada perusahaan consumer cyclical yang terdaftar di Bursa Efek Indonesia dari tahun 2021 hingga 2023, dengan sampel sebanyak 101 perusahaan dan total 303 observasi. Hasil analisis dengan pendekatan regresi data panel menggunakan software Stata 17 dan model random effect menunjukkan bahwa ukuran perusahaan dan leverage memiliki efek negatif yang signifikan terhadap Financial Distress artinya, semakin besar perusahaan dan semakin tinggi tingkat utangnya, semakin besar pula risiko mengalami masalah keuangan. Temuan ini mendukung teori Moral Hazard yang menyatakan bahwa perusahaan besar cenderung mengalami pengelolaan yang tidak efektif, serta teori Trade-off yang menegaskan bahwa leverage tinggi meningkatkan risiko kebangkrutan. Contoh kegagalan keuangan PT Sri Rejeki Isman Tbk (Sritex) memperkuat pentingnya metrik prediktif dalam mengantisipasi kebangkrutan, terutama di industri yang sensitif terhadap perubahan ekonomi dan perilaku konsumen. Oleh karena itu, manajemen, investor, dan peneliti perlu memperhatikan struktur keuangan dan efisiensi pengelolaan aset untuk meminimalkan risiko keuangan dan menjaga stabilitas perusahaan.
Pengaruh Kepemilikan Manajerial dan Kepemilikan Asing terhadap Kinerja Perusahaan di Sektor Perdagangan, Jasa dan Investasi
Kurniawati, Rindu;
Anshari, Rahman;
Kusumawati, Yulia Tri
Jurnal Simki Economic Vol 8 No 2 (2025): Volume 8 Nomor 2 Tahun 2025
Publisher : Universitas Nusantara PGRI Kediri
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DOI: 10.29407/jse.v8i2.1332
This study aims to empirically examine the effect of managerial ownership and foreign ownership on company performance. Secondary data from 208 annual financial reports of companies in the trade, services, and investment sectors for the period 2021–2023 are used as panel data and analyzed using multiple linear regression, with Return on Assets (ROA) as a performance indicator. The results of the study indicate that managerial ownership and foreign ownership have no effect on company performance. Theoretically, these results indicate that ownership structure is not the main factor in driving performance, thus contributing to the development of governance theory in developing countries. Practically, these results serve as a reference for stakeholders to consider other more relevant factors in performance improvement strategies.