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The Effect of Growth and Systematic Risk on the Firm’s Value: Profitability as a Mediating Variable Nugroho, Mulyanto; Halik, Abdul
Journal of Economics, Business, and Accountancy Ventura Vol. 23 No. 3 (2020): December 2020 - March 2021
Publisher : Universitas Hayam Wuruk Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v23i3.2468

Abstract

This research aimed to examine the impact of growth and systematic risk on company value, mediated by profitability in insurance companies listed on the Indonesia Stock Exchange (IDX). There are 88 companies in the financial sector in the insurance sub-sector listed on the IDX. They were taken as the population by using the purposive sampling technique. The sample of this study consisted of fourteen insurance companies. The data is analyzed using partial least square structural equation modeling (PLS-SEM). It was found that growth has a significant positive effect on profitability, and profitability has a significant positive effect on firm value. It means that profitability fully mediates the effect of growth on firm value. On the contrary, growth does not have a significant direct effect on firm value. Systematic risk has no significant effect on profitability and firm value. These findings are expected to have a good impact on investors and firms’ managers in Indonesia by looking at the growth and its impact on current corporate values.
The Effect of Environmental Uncertainty, Company Size, Strategic Changes on Financial Performance and Company Value with Good Corporate Governance as a Moderation Variable in Manufacturing Companies Listed on the Indonesia Stock Exchange Firmansyah, Muhammad Nizar; Nugroho, Mulyanto; Rahmiyati, Nekky
International Journal of Economics (IJEC) Vol. 4 No. 1 (2025): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i1.1255

Abstract

This study aims to analyze the influence of environmental uncertainty, company size, and strategic changes on financial performance and company value in manufacturing companies in the food and beverage sub-sector listed on the Indonesia Stock Exchange (IDX) for the 2020-2022 period. With a quantitative approach using SEM-PLS, this study analyzed 111 data from 37 companies based on financial statements and annual reports. The results show that environmental uncertainty does not have a significant influence on financial performance or company value, either directly or through financial performance mediation. In contrast, the size of the company has a significant influence on the company's financial performance and value, reflecting the stability and attractiveness of large companies in the eyes of investors. However, strategic changes do not have a significant effect on financial performance or company value, either directly or through financial performance as a mediator. In addition, the implementation of Good Corporate Governance (GCG) also does not mediate the relationship between financial performance and company value significantly. These findings underscore the importance of company size and financial performance as key determinants of company value in the stock market, while environmental uncertainty and strategic changes require further study to understand their impact.
PEMBERDAYAAN MASYARAKAT MELALUI PENGEMBANGAN EKOWISATA SEBAGAI DESTINASI PARIWISATA BERKELANJUTAN DI DESA KERTOSARI, KEC.PURWOSARI, KAB. PASURUAN Ekoputro, Widiyatmo; Nugroho, Mulyanto; Hamim, Hamim; W, Vika Ramadhina; N, Salwa Zahra; Auliya, Fatikhatur Rizki
Community Development Journal : Jurnal Pengabdian Masyarakat Vol. 5 No. 5 (2024): Vol. 5 No. 5 Tahun 2024
Publisher : Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/cdj.v5i5.36383

Abstract

Desa Wisata Kertosari, yang terletak di Kecamatan Purwosari, Kabupaten Pasuruan, memiliki potensi besar dalam bidang ekowisata dan telah meraih penghargaan Indonesia Sustainable Tourism Award (ISTA) pada tahun 2019. Namun, desa ini masih menghadapi berbagai tantangan dalam pengelolaan wisatanya, seperti keterbatasan sumber daya manusia, kurangnya jaringan kemitraan, serta promosi yang belum maksimal. Program pengabdian masyarakat ini bertujuan untuk mengatasi kendala tersebut dengan cara meningkatkan kapasitas SDM, memperluas jaringan media untuk promosi, serta memperbaiki tata kelola secara berkelanjutan. Dengan penerapan langkah-langkah ini, diharapkan Desa Wisata Kertosari dapat meningkatkan daya tariknya, memperkuat posisinya di tingkat nasional dan internasional, serta memberikan dampak ekonomi yang positif bagi masyarakat melalui pengembangan ekowisata berbasis kearifan lokal