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All Journal Ilomata International Journal of Management Ilomata International Journal of Social Science
Danang Adi Putra
Bengkulu University
Religion Humanities Education Law, Crime, Criminology & Criminal Justice Social Sciences Other

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The Effect of Profitability, Liquidity, Leverage, Dividend Policy and Foreign Ownership on Firm Value Refika Nadia; Pratana Puspa Midiastuty; Eddy Suranta; Danang Adi Putra
Ilomata International Journal of Management Vol. 4 No. 4 (2023): October 2023
Publisher : Yayasan Sinergi Kawula Muda

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52728/ijjm.v4i4.962

Abstract

This research aims to empirically test the influence of profitability, liquidity, leverage, dividend policy and foreign ownership on firm value. The sample used in this research is manufacturing companies listed on the Indonesia Stock Exchange with a research period of 2018-2022. The sampling technique used a purposive sampling method with predetermined criteria there were 55 observations. The research results provide empirical evidence that leverage and foreign ownership have a positive and significant effect on firm value, while profitability, liquidity and dividend policy have no effect on firm value. This research provides implications for capital structure theory which states that the use of higher leverage will increase firm value and also provides implications for agency theory in explaining the relationship between foreign ownership and firm value and provides implications for signal theory in explaining the relationship between profitability and dividend policy on firm value.
The Effect of Environmental, Social, and Governance (ESG), COVID-19 on Firm Performance with Firm Life Cycle as a Moderating Variable Muthiya Dwi Febrianty; Pratana Puspa Midiastuty; Eddy Suranta; Danang Adi Putra
Ilomata International Journal of Social Science Vol 4 No 4 (2023): October 2023
Publisher : Yayasan Ilomata

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52728/ijss.v4i4.968

Abstract

This research endeavors to present tangible evidence on the impact of environmental, social, and governance (ESG) factors as well as the COVID-19 pandemic on corporate performance, while also considering the moderating influence of the firm life cycle. The conceptual framework applied is the Legitimacy theory, which is utilized to examine the connection between ESG performance, COVID-19, and firm performance. The evaluation of firm performance involves Tobin's Q for assessing firm value and Return on Assets (ROA) for financial performance. Four hypotheses are formulated and subjected to testing. The study utilizes purposive sampling, encompassing all companies listed on the Indonesia Stock Exchange (BEI) between 2017 and 2022, resulting in 235 data observations. The analysis of hypotheses is conducted through the SPSS Statistics 26 application. The findings demonstrate a noteworthy correlation between ESG performance and COVID-19 with financial performance, and the firm life cycle moderates this relationship. However, ESG performance and COVID-19 do not significantly affect market performance or firm value. Additionally, the firm life cycle does not moderate the relationship between ESG and firm value. The implications of the study suggest that ESG factors play a legitimizing role, contributing to an overall improvement in firm performance.
The Influence of Political Connections on Banking Performance with Board of Directors Diversity as a Moderating Variable Eva Putriani; Pratana Puspa Midiastuty; Eddy Suranta; Danang Adi Putra
Ilomata International Journal of Management Vol. 5 No. 1 (2024): January 2024
Publisher : Yayasan Sinergi Kawula Muda

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52728/ijjm.v5i1.1003

Abstract

The study endeavors to empirically demonstrate how political ties impact the performance of banks, while considering the Board of Directors' diversity as a potential influencing factor among banking firms listed on the Indonesia Stock Exchange during the 2017-2022 period. Within this research, political connections are represented as dummy variables, denoting firms linked with the government, directors having affiliations with shareholders, or associations with political parties or other governmental bodies. Banking performance is assessed through proxies such as ROA, ROE and loan loss provision. The diversity of the board of directors, evaluated by the ratio of female directors to the total board members, serves as a moderating variable. The research formulates two hypotheses, all of which underwent testing using the SPSS 28 application. Findings revealed that political connections positively influence banking performance as measured by ROA, demonstrate no impact on ROE, and exhibit a significant negative effect on LLP. Moreover, the diversity of the board of directors moderates the correlation between political connections and banking performance in terms of ROA and ROE, while it does not moderate this relationship concerning LLP. The implication of this research is based on the theory of resource dependence where political connections owned by banks provide benefits to firm in the form of easy market access and are able to reduce banking performance in the form of decreasing bad debts. These findings might prompt future regulators to contemplate regulations concerning gender diversity within board compositions, considering its potential implications for governance and performance.
Co-Authors Eddy Suranta Eva Putriani Muthiya Dwi Febrianty Pratana Puspa Midiastuty Refika Nadia