Hermanto Hermanto
Universitas Esa Unggul, Indonesia

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Pengaruh Profitabilitas, Kebijakan Hutang dan Rasio Lancar terhadap Harga Saham dengan PBV Sebagai Variabel Moderating Yurfani Yurfani; Hermanto Hermanto
JIIP - Jurnal Ilmiah Ilmu Pendidikan Vol. 6 No. 8 (2023): JIIP (Jurnal Ilmiah Ilmu Pendidikan)
Publisher : STKIP Yapis Dompu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54371/jiip.v6i8.2065

Abstract

Penelitian ini digunakan untuk mengetahui seberapa besar pengaruh profitabilitas, kebijakan utang, dan rasio lancar terhadap harga saham dengan PBV sebagai variabel moderasi. 22 perusahaan di subsektor properti and real estat yang terdaftar di Bursa Efek Indonesia (BEI) memberikan 88 sampel untuk penelitian ini dari tahun 2018-2021. Berdasarkan kajian yang dilakukan, mendapatkan hasil profitabilitas berdampak negatif signifikan terhadap harga saham yang artinya ketika permintaan saham naik investor lebih cenderung memperhatikan saham yang sedang banyak diminati para investment serta investor pemula juga dapat mengambil inisiatif untuk mencoba menanamkan modalnya, kebijakan hutang memiliki dampak negatif signifikan terhadap harga saham yakni ketika hutang tinggi maka investor akan lebih memperhatikan nilai sahamnya, ketika hutang perusahaan tinggi akan berpotensi mengalami kerugian, rasio lancar memiliki dampak tidak berdampak terhadap harga saham, PBV mampu memoderasi secara negatif signifikan profitabilitas terhadap harga saham yang berarti tidak semua investor akan memperhatikan nilai pada PBV tapi mengikuti para investor yang sebelumnya sudah menanamkan modalnya, PBV tidak mampu memoderasi kebijakan hutang terhadap harga saham dan PBV tidak mampu memoderasi rasio lancar terhadap harga saham.
The influence of capital risk, liquidity risk, and credit risk, on profitability with macroprudential intermediation ratio as a moderating variable Febiyanni Febiyanni; Hermanto Hermanto
Enrichment : Journal of Management Vol. 13 No. 3 (2023): August: Management Science And Field
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/enrichment.v13i3.1397

Abstract

The banking industry faces bank business activities with increasingly complex risks due to rapid development that creates new risk exposures, so the bank must implement good risk management to reduce risks arising from bank activities. This study aims to determine the determinants of profitability, such as capital risk, liquidity risk, credit risk, and macroprudential intermediation ratio as moderation variables. This study utilized information taken from the financial statements of bank companies that have been registered on the IDX by using a purposive sampling test method that met the research criteria. The research period was taken for five years with a total of 130 data from 26 banking sector entities. This study utilized multiple linear analysis methods with secondary data types. The study results revealed a simultaneous influence between capital risk, liquidity risk, credit risk, and macroprudential intermediation ratios on profitability. Capital risk has a negative impact on profitability, liquidity risk shows a a positive relationship with profitability, and the presence of capital risk mediated by macroprudential intermediation ratios strengthens the relationship with profitability. Additionally, liquidity risk mediated by macroprudential intermediation ratios strenghthens the relationshio with profitability, while credit risk mediated by macroprudential intermediation ratios weakens the relationship with profitability.