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All Journal Majapahit Journal of Islamic Finance dan Management Majapahit Journal of Islamic Finance dan Management Goodwood Akuntansi dan Auditing Reviu
Sidik, M. Muhayin A.
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Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Other

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The Influence of Capital Structure, Profitability, and Operating Costs on Corporate Income Tax in Consumer Goods Sector Companies Listed on the Indonesia Stock Exchange (IDX) in 2019–2022 Sari, Nabila Famutia; Sidik, M. Muhayin A.; Asliana, Endang
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 3 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i3.578

Abstract

This research explores the relationship between a company’s financial structure, profit performance, and operational spending on the calculation of corporate income tax in Indonesian consumer goods firms listed on the IDX from 2019 to 2022. The study arises from the sector’s economic importance and the inconsistent outcomes reported in earlier research. Adopting a quantitative framework, the analysis uses secondary data from the annual financial statements of 33 firms and applies descriptive statistics, tests of classical assumptions, and multiple regression analysis (including t-test, F-test, and R²) through SPSS. The results indicate that while leverage (DER) does not significantly affect corporate tax, both profitability metrics (ROA and NPM) and operating expenses have a clear positive impact. This implies that increases in profits and operational costs lead to higher tax obligations, whereas debt levels have minimal influence. The study advises that businesses carefully balance profitability and cost management to enhance tax efficiency while sustaining overall financial health.
The Influence of Capital Structure, Profitability, and Operating Costs on Corporate Income Tax in Consumer Goods Sector Companies Listed on the Indonesia Stock Exchange (IDX) in 2019–2022 Sari, Nabila Famutia; Sidik, M. Muhayin A.; Asliana, Endang
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 3 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i3.578

Abstract

This research explores the relationship between a company’s financial structure, profit performance, and operational spending on the calculation of corporate income tax in Indonesian consumer goods firms listed on the IDX from 2019 to 2022. The study arises from the sector’s economic importance and the inconsistent outcomes reported in earlier research. Adopting a quantitative framework, the analysis uses secondary data from the annual financial statements of 33 firms and applies descriptive statistics, tests of classical assumptions, and multiple regression analysis (including t-test, F-test, and R²) through SPSS. The results indicate that while leverage (DER) does not significantly affect corporate tax, both profitability metrics (ROA and NPM) and operating expenses have a clear positive impact. This implies that increases in profits and operational costs lead to higher tax obligations, whereas debt levels have minimal influence. The study advises that businesses carefully balance profitability and cost management to enhance tax efficiency while sustaining overall financial health.
The Effect of Dividend Policy, Earnings Volatility, and Leverage on Stock Price Volatility Khasanah, Umi; Wijaya, Lihan Rini Puspo; Sidik, M. Muhayin A.
Goodwood Akuntansi dan Auditing Reviu Vol. 4 No. 1 (2025): November
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/gaar.v4i1.5232

Abstract

Purpose: This study aims to measure the effect of dividend policy, earnings volatility, and leverage on the stock price volatility of retail companies during the period 2020-2024. Methodology/approach: The study utilizes secondary data obtained from the financial statements of retail companies listed on the Indonesia Stock Exchange (IDX) from 2020-2024. The sample was selected using purposive sampling, and multiple regression analysis was conducted using SPSS 26 software test the hypotheses Results/findings: The study shows that dividend payout ratio, dividend yield, earnings volatility, and leverage simultaneously influence stock price volatility. The adjusted R2 value of 0,127 indicated that the four independent variables explain 12,75 of the variation in stock price volatility. Conclusions: Stock price volatility of retail companies is influenced by earnings volatility and leverage. However, the dividend payout ratio and dividend yield do not have a significant effect on stock price volatility. Limitations: This study only covers dividend policy, earnings volatility, and leverage variables, without considering external factors such as macroeconomic condition or industry characteristics. Contribution: These findings are useful for companies in evaluating financial performance, for investors in assessing investment risk, and for academics as a reference regarding the relationship between financial structure and stock price volatility.
Co-Authors Endang Asliana Sari, Nabila Famutia Umi Khasanah Wijaya, Lihan Rini Puspo