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All Journal IKRA-ITH EKONOMIKA Dinasti International Journal of Education Management and Social Science Dinasti International Journal of Digital Business Management
Raharjo, Dwi Sihono
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Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education

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Educational Modeling Drives Company Value Creation Raharjo, Dwi Sihono
Dinasti International Journal of Digital Business Management Vol. 4 No. 3 (2023): Dinasti International Journal of Digital Business Management (April - Mei 2023)
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31933/dijdbm.v4i3.1782

Abstract

This study aims to explore the connection between education and the creation of value within corporations. Education, as a value-driving factor, is measured in terms of human resource development across two variables: training & development and cost control. Research reveals that these variables have a significant impact on employee performance, which in turn plays a role in driving financial performance. Combining non-financial and financial perspectives, this creates a leading-lagging continuum. The research method is quantitative, utilizing a purposive sampling technique and panel data analysis through E-views10. Results demonstrate that employee performance is positively linked to profitability, which is achieved through increased revenue and controlled costs. The impact of human resource factors on financial performance is highly significant, ranging between 81.74 percent and 100 percent with a p-value of < 0.05. Apart from gross profit, net profit, and NOPAT, economic value added (EVA) also generates a positive impact. EVA stands as a true gauge of profitability, a crucial element that determines the success of corporate operations. By precisely calculating the cost of capital employed, EVA provides accurate profit figures. Moreover, it is a decisive factor in determining a company's stock price, making it an essential tool in creating and boosting company value.
Share Price Model in Lq45 Companies Listed on The Indonesia Stock Exchange Raharjo, Dwi Sihono
Dinasti International Journal of Education Management And Social Science Vol. 4 No. 4 (2023): Dinasti International Journal of Education Management and Social Science (April
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31933/dijemss.v4i4.1783

Abstract

This research undertakes an in-depth analysis to examine the correlation between Price to Book Value, Price Earning Ratio, and asset growth on stock prices. Return On Equity was used as a moderating variable in scrutinizing LQ45 companies registered on the Indonesia Stock Exchange. The study targeted companies featured in the LQ45 list on the Indonesia Stock Exchange during 2019 - 2022. A purposive sampling method was employed to select a representative sample of 26 companies for the regression analysis, which was conducted using a multiple linear model. The results indicated that Price to Book Value, Price Earning Ratio, and asset growth collectively had a significant impact on stock prices. However, individually, Price to Book Value and asset growth demonstrated a notable effect on stock prices. Residual test analyses were also carried out to validate the results. The impact of the price earning ratio on stock prices is negligible. However, it's worth noting that the profitability variable can act as a moderating variable, either amplifying or diminishing the influence of independent variables on stock prices.
Modeling Nilai Perusahaan Berbasis Manajemen Laba Pada Perusahaan Otomotif Yang Terdaftar Di BEI Yusdianto, Yusdianto; Raharjo, Dwi Sihono; Hakim, Luqman
IKRAITH-EKONOMIKA Vol. 9 No. 1 (2026): IKRAITH-EKONOMIKA Vol 9 No 1 Maret 2026
Publisher : Universitas Persada Indonesia YAI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37817/ikraith-ekonomika.v9i1.5504

Abstract

Penelitian ini bertujuan untuk mengetahui dan menganalisis dari variabel-variabel yangmempengaruhi Nilai Perusahaan dengan Intervening Manajemen Laba Pada Perusahaan OtomotifYang Terdaftar Di Bursa Efek Indonesia Periode 2016 – 2020. Adapun riset disertasi ini metodeberupa riset kuantitatif asosiatif kausal. Populasi adalah 20 perusahaan Otomotif dan sampelterdapat 15 perusahaan periode 2016-2020. Sampel diambil berdasarkan purposive sampling.Penggunaan metode dalam uji hipotesis ini adalah analisis regresi data panel diolah menggunakansoftware eviews 10 dengan uji-t kemudian uji-f dengan tingkat signifikan lima persen serta ujikoefisien determinasi. Hasil penelitian determinan Manajemen Laba menunjukkan bahwa secarasimultan variable ukuran perusahaan, leverege, nilai tukar dan su ku bunga berpengaruh positif &significan terhadap Manajemen laba pada perusahaan otomotif yang terdaftar di Bursa EfekIndonesia periode tahun 2016-2020. Hasil penelitian berupa implikasi terhadap nilai perusahaanmenunjukkan bahwa secara simultan variable ukuran perusahaan, leverage, nilai kurs, suku bungadan manajemen laba berpengaruh positif dan signifikan pada nilai perusahaan padaperusahaan Otomotif yang terdaftar di Bursa Efek Indonesia periode tahun 2016-2020.Koefisien determinasi Manajemen laba dengan Adjusted R- Square sebesar 79,77% sedangkanimplikasi nilai perusahaan dengan Adjusted R- Square sebesar 79,38%. Perusahaan dengan nilaisensitifitas terbesar terhadap manajemen laba. Pentingnya manajemen laba diterapkan olehperusahaan sebagai upaya untuk dapat mengintegrasikan laporan keuangan yang benar serta untukterus meningkatkan nilai perusahaan. This study aims to determine and analyze the variables that influence Company Value with ProfitManagement Intervening in Automotive Companies Listed on the Indonesia Stock Exchange forthe 2016-2020 Period. The dissertation research This method is a causal associative quantitativeresearch. The population is 20 Automotive companies and the sample consists of 15 companies forthe 2016-2020 period. The sample was taken based on purposive sampling . The method used inthis hypothesis test is data regression analysis . The panel is processed using eviews 10 softwarewith a t-test then an f-test with a significance level of five percent and a determination coefficienttest. The results of the study of Earnings Management determinants show that simultaneously thevariables of company size, leverage , exchange rate and su interest rates have a positive andsignificant effect on earnings management in automotive companies the Indonesia Stock Exchangeperiod 2016-2020 . The results of the study in the form of implications for company value indicatethat simultaneously the variables of company size, leverage , exchange rate, interest rate andearnings management have a positive and significant effect on company value in companiesAutomotive on the for the period 2016-2020 . The coefficient of determination for earningsmanagement with an adjusted R-square of 79.77%, while the company's value implications withan adjusted R-square of 79.38%. Companies with the highest sensitivity to earnings management.The importance of earnings management is implemented by companies as an effort to integrateaccurate financial reports and to continuously increase company value.
Co-Authors Luqman Hakim Yusdianto Yusdianto