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All Journal Jurnal Keuangan dan Perbankan International Journal of Social Science Jurnal Manajemen Jurnal Ekonomi Perusahaan
M. Budi Widiyo Iryanto
Institut Bisnis Dan Informatika Kwik Kian Gie
Agriculture, Biological Sciences & Forestry Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Health Professions Languange, Linguistic, Communication & Media Medicine & Pharmacology Public Health Social Sciences Other

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Journal : Jurnal Manajemen

 1 
Mediasi Biaya Keagenan pada Pengaruh Kebijakan Utang dan Kebijakan Dividen terhadap Nilai Perusahaan-perusahaan Sektor Barang Konsumen Primer yang Terdaftar dalam Indeks Idxnoncyc Bursa Efek Indonesia Periode 2018-2020 Andesta, Celvin Rama; Iryanto, M. Budi Widiyo
Jurnal Manajemen Vol 12 No 1 (2022): November
Publisher : Lembaga Penelitian dan Pengabdian kepada Masyarakat Institut Bisnis dan Informatika Kwik Kian Gie

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46806/jman.v12i1.977

Abstract

The primary purpose of establishing a company is to maximize its value of the company. In that process, firm value is inseparable from agency problems caused by shareholders' and managers' different interests. Several mechanisms are expected to reduce agency problems, including debt and dividend policies. However, until now, the role of these two policies in solving agency problems is still inconsistent. This study aimed to determine how agency costs mediate debt and dividend policy on firm value. The fundamental theories to solve this research problem are agency and free cash flow theories. The object of this study is to the primary consumer goods sector companies listed on the IDXNONCYC index on the Indonesia Stock Exchange in the 2018-2020 period, with a total final sample of 25 companies or 75 units of analysis. The data analysis technique used in this study is the path coefficient test using SmartPLS 3.2.9. With this technic, the authors analyze the outer model test, inner model test, and the goodness of fit test. The outer model test with bootstrapping outer weights has an invalid indicator, namely the PBV indicator. Therefore this indicator needs to be eliminated. The goodness of fit states that the model is significant but has a weak model. This study found that debt and dividend policy positively affect firm value and negatively affect agency costs. Agency costs have a positive and significant effect on firm value. Agency costs have no mediation effect of debt and dividend policy on firm value.
Pengaruh Remunerasi Direksi terhadap Nilai Perusahaan yang Dimediasi oleh Agency Cost pada Consumer Goods Industry yang Terdaftar di Bursa Efek Indonesia Fany, Nurlia Aisyah; Iryanto, Mas Budi Widiyo
Jurnal Manajemen Vol 13 No 2 (2024): Mei
Publisher : Lembaga Penelitian dan Pengabdian kepada Masyarakat Institut Bisnis dan Informatika Kwik Kian Gie

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46806/jm.v13i2.1094

Abstract

This research aims to determine whether providing compensation to the board of directors can enhance the company's value. The theory utilized in this study is agency theory, which explores the relationship between owners and managers with a separation of power that leads to agency problems. The sample was collected using purposive sampling from companies in the consumer goods industry sector listed on the Indonesia Stock Exchange (BEI) during the period of 2019-2021. A total of 144 samples were examined using SmartPLS 3.0 to test the inner model and specific indirect effects. The structural model evaluation, known as the inner model, comprised tests for the determinant coefficient (R2), path coefficient, and hypothesis testing. The research model yielded an R2 value of 11%, indicating its weakness. The research concludes that compensation has a significant positive influence on company value, compensation has a significant negative impact on agency costs, agency costs have a significant negative effect on company value, and agency costs can mediate the relationship between compensation and company value.
Pengaruh Kebijakan Dividen, Ekuitas, dan Risiko Keuangan terhadap Kinerja Saham dengan Moderasi Sentimen Investor di Sektor Keuangan Angelica, Amelia; Iryanto, M. Budi Widiyo
Jurnal Manajemen Vol 14 No 1 (2024): November 2024 – April 2025
Publisher : Lembaga Penelitian dan Pengabdian kepada Masyarakat Institut Bisnis dan Informatika Kwik Kian Gie

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46806/jm.v14i1.1268

Abstract

Sejak pandemi Covid-19, minat investor saham meningkat, khususnya dari generasi milenial, karena kemudahan registrasi, aplikasi sekuritas online, dan edukasi investasi mahasiswa. Penelitian ini bertujuan mengeksplorasi hubungan antara kebijakan dividen, nilai buku ekuitas, risiko keuangan, dan kinerja saham dengan memperhatikan sentimen investor. Dalam konteks ini, 24 perusahaan sektor keuangan di Bursa Efek Indonesia (BEI) periode 2020-2022 menjadi objek penelitian. Hasilnya menunjukkan bahwa kebijakan dividen perusahaan dan risiko keuangan memberi dampak negatif signifikan pada kinerja saham, sementara nilai buku ekuitas memberi dampak positif namun tidak signifikan. Sentimen investor juga memiliki pengaruh positif pada kinerja saham dan mampu memoderasi pengaruh nilai buku ekuitas. Implikasi praktis dari penelitian ini menekankan pentingnya manajemen perusahaan mempertimbangkan kebijakan dividen dan risiko keuangan serta memahami peran sentimen investor dalam meningkatkan kinerja saham.
Co-Authors Abdulah Rakhman Andesta, Celvin Rama Angelica, Amelia Chandra, Vergo Fany, Nurlia Aisyah Sisilia Devina Permatasari Sugeng Wahyudi, Sugeng