Djawoto Djawoto
Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA)

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Pengaruh Profitabilitas, Likuiditas dan Leverage terhadap Nilai Perusahaan dengan Kebijakan Dividen sebagai Variabel Moderating (Studi pada Perusahaan Ritel di BEI) Nila Sandi Alifia Dewi; Khuzain Khuzain; Djawoto Djawoto
Jurnal Bisnis dan Manajemen Vol 10, No 1 (2023): Jurnal Bisnis dan Manajemen Volume 10 Nomor 1 Tahun 2023
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jbm.v10i1.10045

Abstract

This study aimed to investigate the effect of profitability, liquidity, and leverage on firm value with dividend policy as a moderating variable in retail companies listed on the Indonesia Stock Exchange. Therefore, it applied a quantitative design with secondary data, including financial reports from 2015 2019 in balance sheets and income statements from the Indonesia Stock Exchange. This study used a purposive sampling research technique, so the research samples were seven retail companies listed on the Indonesia Stock Exchange. While the data analysis method used moderating regression analysis (MRA). The results of the study using MRA indicated that the profitability variable (return on assets) had a positive and insignificant effect on firm value (price book value); the liquidity (current ratio) had a positive and significant effect on firm value (price book value); and the leverage (debt to equity ratio) had a positive and insignificant effect on firm value. Moreover, the profitability had a positive and insignificant effect on firm value moderated by dividend policy (dividend payout ratio), and the liquidity and leverage had a negative and insignificant effect on firm value moderated by dividend policy
Hubungan Antara Keuntungan, Kinerja Keuangan, Pertumbuhan Perusahaan, dan Nilai Perusahaan di Indonesia Aysyah Emy Maulidya; Djawoto Djawoto; Bambang Hadi Santoso
Jurnal Manajerial Vol. 12 No. 03 (2025): Jurnal Manajerial
Publisher : Program Studi Manajemen Universitas Muhammadiyah Gresik

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30587/jurnalmanajerial.v12i03.9682

Abstract

Background –The purpose of this study is to analyze profitability mediates the effect of financial performance and company growth on firm value in food and beverages companies. the recent phenomenon why your research is important. Aim –The data analysis method used is path analysis. The results of the study concluded that Current Ratio has an insignificant effect on Price Book Value, meaning that there is a problem with the company's capability to pay its short-term debt but not necessarily the company's value will decrease.. Design / methodology / approach –Debt to Equity Ratio has a significant effect on price book value, meaning that the higher the debt used by the company will increase profits so that it will affect the company's value. Asset Growth has an insignificant effect on Price Book Value, meaning that high asset growth will make the company need a lot of funds. Findings –Return on Assets is able to mediate the Current Ratio on Price Book Value, meaning that the increase in the current ratio value means more funds to finance operations and investments. Conclusion –Return on Assets is unable to mediate Debt to Equity Ratio on Price Book Value, meaning that a high or low debt to equity ratio owned will be equally risky. Research implication –Return on Assets is unable to mediate Asset Growth on Price Book Value, meaning that increasing profits will not affect asset growth..