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Analysis of the Influence of Liquidity, Solvency, and Share Price on Company Value in Indonesian State-Owned Enterprises Masno, Masno; Pratama, Guruh Dwi; Yunita, Yunita
Maneggio Vol. 1 No. 4 (2024): Maneggio-Aug
Publisher : Pt. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/vej1zb40

Abstract

Companies often seek to increase the value of the company over time, because the high value of the company reflected in the stock price will increase the wealth of shareholders. This study aims to analyze the influence of the Current Ratio, Return on Asset (ROA), and Stock Price on Company Value over ten years. The independent variables used are Current Ratio, Return on Asset, and Stock Price while the dependent variable is Company Value. These data were then analyzed using multiples of the regression method involving a statistical test t (partial), statistical test F (simultaneous), and a coefficient of determination test. The results show that the Current Ratio, Return on Asset, and Stock Price partially have a positive and significant effect on the value of the company. significant impact on the Current Ratio, Return on Asset, and Share Price has a significant effect on the company's value. The implication of this research is that understanding the factors that affect firm value can help in designing more effective policies and strategies to improve the company's financial performance and attractiveness in the eyes of investors.
Financial Literacy Can Overcome Barriers To MSME Financing: Evidence From Indonesia Suidarma, I Made; Widiantari, Komang Sri; Masno, Masno; Sukarnasih, Desak Made; Armanid, Aura; Marsudiana, I Dewa Nyoman
JAS (Jurnal Akuntansi Syariah) Vol 8 No 2 (2024): JAS (Jurnal Akuntansi Syariah) - December
Publisher : LPPM ISNJ Bengkalis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46367/jas.v8i2.2050

Abstract

This study aims to analyze the influence of financial literacy, debt management literacy, budgeting literacy, banking service literacy, and bookkeeping literacy on financing constraints for Micro, Small, and Medium Enterprises (MSMEs). The research population comprises 16,574 MSMEs in Badung Regency, Bali, Indonesia. This study uses primary data from questionnaires distributed via social media using Google Forms to respondents according to the criteria. The data collection technique used a questionnaire consisting of respondents' identities and six points related to financial literacy, measured by a 5-point Likert scale. Sampling used random sampling; the number of samples was measured using the Yamane formula approach to obtain a sample of 391 MSMEs. The data analysis method uses SEM-PLS, with the help of the SmartPLS tool, to test external models, internal models, and hypotheses. The study results revealed that financial literacy, debt management literacy, budgeting literacy, banking service literacy, and bookkeeping literacy positively influence financial constraints in MSMEs. A better understanding of debt management and bookkeeping also reduces financial constraints. This research expands the financial management theory by integrating five dimensions of financial literacy in one comprehensive model, which helps MSMEs improve financial literacy and reduce barriers to access to financing for sustainable business growth.