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The Influence Of Institutional Ownership And Profitability On Company Value With Dividend Policy As A Moderating Variable Miles Aritopan; Sri Hermuningsih; Riskin Hidayat
EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis Vol 12 No 4 (2024): Oktober
Publisher : UNIVED Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37676/ekombis.v12i4.6394

Abstract

This research aims to examine the influence of institutional ownership and profitability on company value by considering dividend policy as a moderating variable in banking companies on the Indonesia Stock Exchange for the 2017-2022 period. The research method used is path coefficient analysis to test the relationship between variables. Data was obtained from annual reports of banking companies registered on the IDX. The research results show that there is a positive and significant influence between the profitability variable on company value with a significance value of 0.006 (<0.05) while the institutional ownership variable does not have a positive and insignificant influence with a significance value of 0.309 (>0.05). Apart from that, dividend policy as a moderating variable is able to influence the relationship between profitability and company value with a significance value of 0.000 (<0.05), while dividend policy is not able to influence the relationship between institutional ownership and company value. Thus, the conclusion of this research is that institutional ownership has no effect on company value with or without considering dividend policy, while profitability has a direct and significant influence on company value with or without considering dividend policy. Therefore, company management needs to pay attention to these factors in managing company policies and investments to increase long-term company value.
Financial Performance Analysis of PT Astra International Eko Agus Setiawan; Riskin Hidayat; Sri Hermuningsih
Jurnal Ilmiah Sistem Informasi Akuntansi Vol. 5 No. 1 (2025): Volume 5, Nomor 1, June 2025
Publisher : Universitas Teknokrat Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33365/jimasia.v5i1.113

Abstract

This study evaluates PT Astra International Tbk (Astra) 's financial performance for 2019-2023 using financial ratios from five dimensions: liquidity, capital structure, profitability, return on investment, and financial market size. The liquidity dimension is analyzed through current, quick, and cash ratios. Capital structure is evaluated by the debt-equity ratio (DER) and debt-to-asset ratio (DAR). Profitability is measured by Gross Profit Margin (GPM), Net Profit Margin (NPM), Return on Assets (ROA), and Return on Equity (ROE). Return on investment is analyzed using ROI and asset turnover ratio (ATR), while the financial market size is measured by P/E Ratio, P/BV, and dividend yield. The results show solid performance in profitability and return on investment despite challenges in liquidity. This research provides a comprehensive overview of Astra's financial performance and contribution to its competitiveness.
Pengaruh Profitabilitas dan Struktur Modal Terhadap Nilai Perusahaan Dengan Moderasi Ukuran Perusahaan Tristania Putri Aprilia; Riskin Hidayat
Ganaya : Jurnal Ilmu Sosial dan Humaniora Vol 9 No 3 (2026)
Publisher : Jayapangus Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37329/ganaya.v9i3.5423

Abstract

This study aims to analyze the effect of profitability and capital structure on firm value with firm size as a moderating variable in food and beverage companies listed on the Indonesia Stock Exchange during the 2020–2024 period. The research used a quantitative associative approach with secondary data obtained from annual financial reports. The sampling technique used purposive sampling and resulted in 80 observation data. Firm value was measured using Price to Book Value (PBV), profitability using Return on Assets (ROA), capital structure using Debt to Equity Ratio (DER), and firm size using the natural logarithm of total assets. Data analysis was conducted using descriptive statistics, classical assumption tests, multiple linear regression, and Moderated Regression Analysis (MRA) with SPSS. The results show that profitability (ROA) has a positive and significant effect on firm value, indicating that companies with higher profitability tend to have higher market value. Capital structure (DER) also has a positive and significant effect on firm value, reflecting that optimal debt utilization can increase investor confidence. Furthermore, firm size is proven to moderate the relationship between profitability and firm value with a weakening effect, meaning that the influence of profitability on firm value is stronger in smaller companies. However, firm size is unable to moderate the relationship between capital structure and firm value. The findings support signal theory and trade-off theory in explaining factors affecting firm value.
Pemberdayaan Ibu Rumah Tangga Di Dusun Kayen Gunung Kidul: Pelatihan Produksi Sabun Cuci Piring Misbach Fuady; Syamsul Hadi; Riskin Hidayat
Dedikasi Nusantara: Jurnal Pengabdian Masyarakat Vol. 1 No. 1 (2025): Pemberdayaan Masyarakat dalam UMKM, Digital Marketing, Pelatihan Keterampilan d
Publisher : IndoCompt Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Sebagai upaya membantu memajukan desa wirausaha, telah dilaksanakan kegiatan pengabdian kepada masyarakat berupa pelatihan pembuatan sabun cuci piring untuk para ibu rumah tangga di dusun kayen RT 04, desa Sampang, kecamatan Gedang Sari, Kabupaten Gunung Kidul Provinsi Daerah Istimewa Yogyakarta. Target yang ingin dicapai adalah pemberdayaan para ibu rumah tangga untuk berkreasi membuat produk yang dapat berguna ataupun membantu perekonomian keluarga. Metode pelaksanaan pembuatan sabun cuci piring tersebut adalah yaitu pertama, observasi lapangan dimana dilakukan pengidentifikasian masalah dan disertai dengan pembahasan alternatif solusi. Kedua,  penjelasan kepada masyarakat dimana diberikan edukasi bagaimana cara pembuatan sabun cuci piring dan cara pemasarannya, dan yang ketiga, praktik secara langsung dalam membuat sabun cuci piring tersebut. Kegiatan tersebut memberi dampak kepada para ibu rumah tangga dimana para peserta berhasil membuat sabun cuci piring dengan biaya murah, sehingga dapat digunakan untuk keperluan sehari-hari, dan dapat dikembangkan untuk dijual manakala ingin dikembangkan sebagai produk bisnis.
TINGKAT KESIBUKAN CHIEF EXECUTIVE OFFICER (CEO) DALAM MENINGKATKAN NILAI PERUSAHAAN: EFEK MODERASI KUALITAS AUDIT Bramastyasa Gilang Pradata; Riskin Hidayat
MANAJEMEN DEWANTARA Vol 9 No 2 (2025): MANAJEMEN DEWANTARA
Publisher : Universitas Sarjanawiyata Tamansiswa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30738/md.v9i2.20591

Abstract

This study aims to examine how the level of Chief Executive Officer (CEO) busyness influences the creation of corporate value mediated by Audit Quality. This study was conducted to examine the influence of the Chief Executive Officer's (CEO) busyness on corporate value creation, mediated by audit quality. The level of Chief Executive Officer (CEO) busyness can impact firm value, and audit quality can act as a moderating variable in this relationship. An overly busy CEO may be unable to focus on strategic tasks critical to enhancing firm value. At the same time, a quality audit can ensure accountability and transparency, ultimately increasing investor confidence and firm value. This research was conducted to examine how the level of Chief Executive Officer (CEO) busyness influences the creation of corporate value moderated by Audit Quality. This study was conducted to examine the influence of the Chief Executive Officer's (CEO) busyness on corporate value creation, moderated by audit quality. This study used secondary data obtained from the Indonesia Stock Exchange (IDX) for the observation period of 2022-2024. The sample used included companies in the energy sector in Indonesia. The model analysis used to test the research was Partial Least Squares (PLS). The results of this study showed that CEO busyness has a negative and significant effect on corporate firm value. Furthermore, audit quality exerts a positive and significant influence on corporate firm value. Moreover, the findings reveal that audit quality moderates the relationship between CEO busyness and firm value. Specifically, high quality audits can reduce the negative impact of CEO busyness, reinforcing the importance of external monitoring mechanisms in corporate governance.
SMEs Business Assistance through Digital Marketing: International Service Collaboration Riskin Hidayat; Syamsul Hadi; Ambar Lukitaningsih; Muinah Fadhilah; Eko Agus Setiawan; Intan Puspita Sari; Nguyen Le Thanh Danh; Le Ngoc Minh Khoi
IMPACTS: International Journal of Empowerment and Community Services Vol. 5 No. 1 (2026)
Publisher : Faculty of Economics Universitas Sarjanawiyata Tamansiswa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30738/impacts.v5i1.22615

Abstract

Purpose – This community service aims to address the challenges SMEs face in the global market, specifically limited digital knowledge and infrastructure, by enhancing digital literacy through international collaboration. Methods – The program involved a partnership between MM students from Universitas Sarjanawiyata Tamansiswa and international students to provide intensive training and hands-on support. Activities focused on digital marketing basics, e-commerce platforms, social media marketing, SEO, and direct mentorship in managing websites and running digital campaigns. Result and discussions – The implementation provided SMEs with access to global best practices and the latest technologies. Evaluation showed significant improvements in participants' digital marketing skills and business performance, characterized by increased sales, expanded market reach, and improved operational efficiency. Conclusion – This collaborative model offers a sustainable solution for SME competitiveness, though continuous mentoring and infrastructure support may be required to maintain these technological gains in the long term
Capital Structure, Profitability and Corporate Value: The Moderation Effect of Corporate Social Responsibility in Indonesian Sharia Companies Riskin Hidayat; Atikah Raid Khorunisa; Sri Hermuningsih; Marhadi Marhadi; Suleman Sarwar
Economica: Jurnal Ekonomi Islam Vol. 16 No. 1 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2025.16.1.25395

Abstract

This research explores the interactions among capital structure, profitability, and company value, with Corporate Social Responsibility (CSR) acting as a moderating factor. This investigation involves Sharia-compliant companies listed on the Jakarta Islamic Index (JII) of the Indonesia Stock Exchange (IDX) over the period from 2017 to 2022. Secondary data were collected from the annual reports of these companies. Employing a purposive sampling approach, the study analyzes a sample of 23 companies, yielding a total of 161 observations. To evaluate the data, moderated regression analysis was conducted using WarpPLS. The findings reveal that both capital structure and profitability exert a significant positive effect on company value, whereas CSR demonstrates an insignificant positive effect on company value. Moreover, CSR does not moderate the relationship between profitability and company value; however, CSR significantly moderates the relationship between capital structure and company value. These results highlight the critical role of capital structure and profitability in enhancing company value, particularly in the context of Sharia-compliant businesses, and contribute to both the growing body of literature and valuable insight for the supported stakeholders to optimize company performance.