Article Per Year (5 Year)
p-Index From 2021 - 2026
1.066
P-Index
This Author published in this journals
All Journal Indonesian Journal of Accounting and Governance Jurnal Mahasiswa Entrepreneur
Ardhya Yudistira Adi Nanggala
Universitas Abdurachman Saleh Situbondo
Humanities Economics, Econometrics & Finance Electrical & Electronics Engineering Environmental Science Social Sciences

Published : 6 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 6 Documents
Search

 1 
Stakeholder Response to Information on Social Responsibility and Income Smoothing Ardhya Yudistira Adi Nanggala
INDONESIAN JOURNAL OF ACCOUNTING AND GOVERNANCE Vol 7, No 2 (2023): DEC
Publisher : Universitas Agung Podomoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36766/ijag.v7i2.365

Abstract

This study aims to examine the response of stakeholder and shareholder to the information submitted by the company. In the discussion of signaling theory, information is a signal and is expected to be responded to by shareholder and stakeholder. The research population is manufacturing companies from 2018 to 2021 in Indonesia, with a purposive sample of 64 companies-years of observation. There are five hypotheses tested using partial least squares. Three hypotheses were successfully accepted and rejected the others. The test results prove that stakeholder respond to CSR as a positive signal for the company but fail to demonstrate the role of income smoothing. Different things are shown that income smoothing is a signal that is responded to by shareholder but is not responded to by stakeholder. The firm value becomes the guideline for the value that stakeholder provides to the company. Testing the mediating role shows that firm value is not an intervening variable because it does not have a direct relationship with growth. Income smoothing affects firm value, and then firm value affects growth. In the development of science, these findings can be used to develop accounting theory. Evidence of stakeholder reactions to signals given by shareholder and management can lead to a process of generalizing and falsifying theories to strengthen financial accounting theory.
PENGARUH DEBT TO EQUIY RATIO (DER), RETURN ON EQUITY (ROE) DAN TOTAL ASSET TURNOVER (TATO) TERHADAP NILAI PERUSAHAAN DENGAN HARGA SAHAM SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN PERTAMBANGAN DI BURSA EFEK INDONESIA PERIODE 2022-2024 Mila Aysah; Ida Subaida; Ardhya Yudistira Adi Nanggala
Jurnal Mahasiswa Entrepreneurship (JME) Vol 5 No 2 (2026): FEBRUARI
Publisher : Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36841/jme.v5i2.8511

Abstract

This study aims to determine the effect of Debt to Equity Ratio (DER), Return on Equity (ROE), and Total Asset Turnover (TATO) on Company Value through Stock Price as an Intervening Variable in Mining Companies listed on the Indonesia Stock Exchange (IDX) for the period 2022–2024. This study uses a quantitative method with a descriptive approach. The sampling technique used is purposive sampling. The data used are secondary data in the form of financial statements and company annual reports obtained from the official website of the Indonesia Stock Exchange (IDX). Data analysis was carried out using the Structural Equation Modeling (SEM) method with the help of SmartPLS 3.0 software. The results show that Debt to Equity Ratio (DER) has a negative and significant effect on Stock Price, while Return on Equity (ROE) has a positive but insignificant effect on Stock Price. Total Asset Turnover (TATO) has a negative but insignificant effect on Stock Price. Meanwhile, Debt to Equity Ratio (DER) and Return on Equity (ROE) have a positive but insignificant effect on firm value, while Total Asset Turnover (TATO) has a positive and significant effect on firm value. Stock price also has a positive and significant effect on firm value. The results of indirect hypothesis testing indicate that Debt to Equity Ratio (DER) has a negative and significant effect on firm value through stock price, while Return on Equity (ROE) and Total Asset Turnover (TATO) have a positive and negative but insignificant effect on firm value through stock price.
PENGARUH STRUKTUR MODAL, PROFITABILITAS, PERTUMBUHAN PENJUALAN TERHADAP KEBIJAKAN DIVIDEN DENGAN KINERJA KEUANGAN SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN FARMASI YANG TERDAFTAR DI BEI PERIODE 2022-2024 Zilfin Nabela Firdansiyah; Ika Wahyuni; Ardhya Yudistira Adi Nanggala
Jurnal Mahasiswa Entrepreneurship (JME) Vol 5 No 2 (2026): FEBRUARI
Publisher : Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36841/jme.v5i2.8258

Abstract

The purpose of this study is to determine the effect of capital structure, profitability, sales growth on dividend policy with financial performance as an intervening variable. The object of this study is a pharmaceutical company listed on the Indonesia Stock Exchange in 2022-2024. The results of the direct effect hypothesis test using the Smart PLS 3.0 application, show that capital structure has a significant negative effect on financial performance, profitability has a positive insignificant effect on financial performance, sales growth has a negative insignificant effect on financial performance, capital structure has a significant negative effect on dividend policy, profitability has a negative insignificant effect on dividend policy, sales growth has a positive insignificant effect on dividend policy, financial performance has a positive insignificant effect on financial performance, capital structure has a negative insignificant effect on dividend policy through financial performance, profitability has a positive insignificant effect on dividend policy through financial performance, sales growth has a negative insignificant effect on dividend policy through financial performance.
PENGARUH STRUKTUR ASET, LEVERAGE, DAN RETURN ON EQUITY TERHADAP HARGA SAHAM DENGAN NILAI PERUSAHAAN SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN SEKTOR ENERGI YANG TERDAFTAR DI BEI TAHUN 2022-2024 Silvi Nor Kholifa; Ida Subaida; Ardhya Yudistira Adi Nanggala
Jurnal Mahasiswa Entrepreneurship (JME) Vol 5 No 3 (2026): MARET 2026
Publisher : Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36841/jme.v5i3.8590

Abstract

This study aims to analyze the influence of Asset Structure, Leverage, and Return on Equity on Firm Value, with Stock Price as an intervening variable, in energy sector companies listed on the Indonesia Stock Exchange (IDX) for the 2022–2024 period. Firm value is a key indicator of a company's success, reflected through investor perceptions in the capital market. Therefore, companies need to consider factors that can influence firm value, both directly and through stock price. This study used a quantitative method with a purposive sampling technique to determine the sample. The sample consisted of 16 energy sector companies listed on the Indonesia Stock Exchange for the 2022–2024 period. The data analysis technique used was Smart PLS 3.0. The results show that Asset Structure has a negative but insignificant effect on Stock Price, but a significant positive effect on Firm Value. Leverage has a negative and significant effect on Stock Price, but an insignificant positive effect on Firm Value. Return on Equity has a positive and significant effect on Stock Price, but a positive and insignificant effect on Firm Value. Stock price also has a negative but insignificant effect on firm value. The results of the indirect hypothesis test indicate that asset structure and leverage have a positive but insignificant effect on firm value through stock price. Return on equity, on the other hand, has a negative but insignificant effect on firm value through stock price
PENGARUH TOTAL ASSET TURNOVER, RETURN ON ASSETS, DAN CURRENT RATIO TERHADAP NILAI PERUSAHAAN DENGAN HARGA SAHAM SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN SEKTOR PROPERTY DAN REAL ESTATE YANG TERDAFTAR DI BEI PERIODE 2022–2024 Yulia Variska Putri; Ida Subaida; Ardhya Yudistira Adi Nanggala
Jurnal Mahasiswa Entrepreneurship (JME) Vol 5 No 1 (2026): JANUARI 2026
Publisher : Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36841/jme.v5i1.8201

Abstract

Property and real estate companies play a crucial role in the economy, particularly in infrastructure development and housing provision. This study aims to examine the effect of Total asset turnover, Return on assets, and Current ratio on Company value, using Stock price as an intervening variable. This study focuses on property and real estate companies listed on the Indonesia Stock Exchange (IDX) for the 2022-2024 periods. The method used was quantitative with a descriptive approach, and purposive sampling was used to determine the sample. The data used in this study were secondary data obtained from the official IDX website, in the form of financial statements and annual reports during the study period. The data analysis in this study was conducted using the Structural Equation Modeling (SEM) method with the assistance of Smart PLS 3.0 software. The results show that the Total asset turnover has a negative but insignificant effect on Stock price and Company value. The Return on assets has a significant positive effect on Stock price and Company value. The Current ratio has a positive but insignificant effect on Stock price and Company value. The Stock price has a positive but insignificant effect on Company value. Indirectly, the Total asset turnover has a negative but insignificant effect on Company value through Stock price, while the Return on assets and Current ratio has a positive but insignificant effect through Stock price.
PENGARUH PROFITABILITAS, PERTUMBUHAN PENJUALAN DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN NILAI PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN MAKANAN DAN MINUMAN YANG TERDAFTAR 2020-2023 Lutvia Wahyu Utami; Ida Subaida; Ardhya Yudistira Adi Nanggala
Jurnal Mahasiswa Entrepreneurship (JME) Vol 4 No 9 (2025): SEPTEMBER 2025
Publisher : Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36841/jme.v4i9.7093

Abstract

The food and beverage sector listed on the Indonesia Stock Exchange is one of the fastest growing industries and makes a significant contribution to the national economy. This study aims to determine the effect of Profitability, Sales Growth, and Company Size on Company Value, both directly and indirectly through Capital Structure as an intervening variable. The study focuses on food and beverage companies listed on the IDX in 2020 - 2023. The method used is a quantitative method with a descriptive approach, using purposive sampling to select 9 companies as research samples. Data sourced from annual financial reports available on the official IDX website. Data analysis using Structural Equation Modeling (SEM) with Smart PLS software. The results of the Profitability analysis have a negative and significant effect on Capital Structure; Sales growth has a negative but insignificant effect on Capital Structure; Company size has a negative but insignificant effect on Capital Structure; Profitability has a negative but insignificant effect on Company Value; Sales growth has a positive but significant effect on Company Value; Company size has a negative and significant effect on Company Value; Capital structure has a positive and significant effect on Company Value; Profitability has a negative but insignificant effect on Company Value through Capital Structure; Sales growth has a negative but insignificant effect on Company Value through Capital Structure; Company size has a negative but insignificant effect on Company Value through Capital Structure.
Co-Authors Ika Wahyuni Lutvia Wahyu Utami Mila Aysah Silvi Nor Kholifa Yulia Variska Putri Zilfin Nabela Firdansiyah