Henryanto Wijaya
Faculty of Economics & Business, Universitas Tarumanagara

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Factors Affecting Firm Value Through Profitability As A Mediation Variable Julia Jie; Henryanto Wijaya
International Journal of Application on Economics and Business Vol. 1 No. 1 (2023): February 2023
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v1i1.290-297

Abstract

This study examines the impact of Capital Structure, Firm Size, and Increase in sales on Firm wealth in manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2018 to 2020, with Ability to generate income as an intervening variable. A total of 72 companies were included as a sample in this investigation. The result of this research are capital structure affect firm wealth positively significant, firm size affect firm wealth negatively insignificant, increase in sales affect firm wealth negatively significant, capital structure affect ability to generate effect on ability to generate income, increase in sales affect ability to generate income positively significant, ability to generate income affect firm wealth positively significant, ability to generate income is unable to mediate effect of capital structure and increase in sales on firm wealth, and ability to generate income is able to mediate effect of firm size on firm wealth.
Factors Affecting Stock Prices with EPS as Moderating Variable Among Manufacturing Companies Madeline Nathania; Henryanto Wijaya
International Journal of Application on Economics and Business Vol. 1 No. 1 (2023): February 2023
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v1i1.716-725

Abstract

The goal of this study is to look at the impact of liquidity, profitability, and also solvency towards the stock prices in manufacturing businesses issued on the Indonesia Stock Exchange (IDX) starting from 2018 to 2020, utilizing Earnings per Share (EPS) as a moderating variable. In order to gain samples for the research, we used descriptive quantitative with purposive sampling technique. The data collected contains 210 samples, including 70 manufacturing enterprises that were listed on the IDX from 2018 to 2020. Moderated Regression Analysis (MRA) is used in conjunction with EViews 10 software to process the data. MRA is used to model the case because in MRA, the regression equation contains interaction element between variables to know if the effect of a moderating variable is getting stronger or weaker. The findings reveal that both liquidity and profitability brings a advantageous and large impact towards stock prices, whereas solvency and EPS have a negative and minor impact, and that EPS can mitigate the impact of profitability, liquidity, and solvency in relation to stock prices. This study's implications include the need to enhance a company's performance and financial situation so that its financial statements are sound and stock prices rise, which is, of course, a good sign for investors.