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Profitability as a Mediating Factor in the Effect of Capital Structure on Stock Prices: An Empirical Study of Companies Listed in the MNC36 Index on the Indonesia Stock Exchange. Widyawati, Silvia; Akhmadi, Akhmadi; Khaerunnisa, Enis
Journal of Economics, Management, Accounting and Computer Applications Vol. 2 No. 2 (2025)
Publisher : Institute Of Advanced Knowledge and Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69693/jemaca.v2i2.47

Abstract

This study examines the role of profitability in influencing capital structure on stock prices in companies listed on the MNC36 Index. The population in this study were MNC36 Index companies for the 2018-2023 period. The sample used in this study was 9 companies, determined using a purposive sampling technique, resulting in a total of 54 observational data. The analysis techniques used in this study were descriptive statistics, classical assumption tests, multiple regression, and hypothesis testing using SPSS 23 analysis tools. The results show that capital structure significantly affects stock prices and profitability, but profitability does not mediate the relationship, and firm size does not significantly control stock price variations. These findings suggest that debt management remains important to investor perceptions. Future research should consider sectoral contexts and alternative variables.
IMPLIKASI PENERAPAN METODE OMNIBUS LAW DALAM SISTEM PEMBENTUKAN PERUNDANG-UNDANGAN INDONESIA DITINJAU DARI UNDANG-UNDANG NOMOR 12 TAHUN 2011 TENTANG PEMBENTUKAN PERATURAN PERUNDANG-UNDANGAN Monitasari, Restu Gusti; Furqon, Eki; Khaerunnisa, Enis
Jurnal Dialektika Hukum Vol 3 No 1 (2021): Jurnal Dialektika Hukum
Publisher : Law Department Jenderal Achmad Yani University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (301.225 KB) | DOI: 10.36859/jdh.v3i1.562

Abstract

Obesitas Regulasi menjadi alasan diterapkannya metode omnibus law dalam pembentukan peraturan perudang-udangan di Indonesia, dengan dimulai melalui pembentukan Undang-Undang No 11 Tahun 2020 tentang Cipta Kerja, namun penerapan metode omnibus law di Indonesia pada hakikatnya belum popular dan masih menuai konflik sebab dalam Indonesia memiliki system Peraturan Perundang-undangan yang diatur dalam Undang-Undang Nomor 12 Tahun 2011 tentang Pembentukan Peraturan Perundang-undangan dimana dalam membentuk Undang-undang harus mendasarkan pada asas-asas pembentukan peraturan perundang-undangan yang patut (beginselen van begoorlijke regelgeving) dan juga berdasarkan landasan filosofis, yuridis, dan sosiologi. Penelitian ini menggunakan metode penelitian yuridis normatif dengan pendekatan peraturan perundang-undangan. Tujuan penelitian ini untuk melihat implikasi penerapan metode omnibus law dalam sistem pembentukan peraturan perundang-undangan di Indonesia. Berdasarkan hasil penelitian didapatkan bahwa, Dan Indonesia dalam perkembangannya menganut sistem hukum eropa kontinental, sehingga hukum yang dibentuk kemudian dikodifikasi dan tertulis untuk dapat diberlakukan. Dalam pembentukan suatu peraturan perundang-Undangan, pembentukan harus mendapat legitimasi dari UUD NRI Tahun 1945 dengan menjadikannya sebagai landasan ditambah dengan aturan dan ketentuan dalam UU No 12 Tahun 2011. Kemudian berdasarkan problematika yang ada dalam menerapkan omnibus law dapat berimplikasi adanya perubahaan terhadap UU No 12 Tahun 2011 tentang Pembentukan Peraturan Perundang-undangan karena belum memenuhi kaidah pembentukan peraturan perundang-undangan baik dari formil maupun materil. Kata Kunci: implikasi, Omnibus law, sistem pembentukan perundang-undangan.
DETERMINAN PROFITABILITAS DAN IMPLIKASINYA TERHADAP NILAI PERUSAHAAN DENGAN LEVERAGE SEBAGAI VARIABEL INTERVENING Alfiana, Dede; Ichwanudin, Wawan; Khaerunnisa, Enis
Jurnal Maneksi (Management Ekonomi Dan Akuntansi) Vol. 12 No. 1 (2023): Jurnal Maneksi (Management Ekonomi Dan Akuntansi)
Publisher : Politeknik Negeri Ambon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31959/jm.v12i1.1265

Abstract

This research was conducted with the aim of knowing the ability of leverage to mediate the implications of profitability on firm value, with sales growth and cash turnover as determinants of profitability. The population in this study are companies from the trade, service and investment sectors in the tourism sub-sector, restaurants and hotels listed on the Indonesia Stock Exchange (IDX) for the period 2016 to 2020 with a total population of 19 companies. The antecedent variable of company growth is proxied by sales growth and the activity ratio is proxied by Cash Turnover, the independent variable of profitability is measured using ROE (Return on Equity), the dependent variable of company value is proxied by PBV (Price Book Value), and the intervening variable Leverage is proxied by DER (Debt to Equity Ratio). This study uses secondary data obtained from ICMD (Indonesian Capital Market Directory) for 2016-2020. Testing was carried out using SPSS. The results showed that sales growth has a positive effect on profitability, cash turnover has a positive effect on profitability, profitability has a positive effect on leverage, leverage has a positive effect on firm value, profitability has a negative effect on firm value, leverage mediates profitability on firm value..
The Relationship between Discipline and Physical Work Environment on Performance with Work Motivation Mediation: Hubungan Disiplin dan Lingkungan Kerja Fisik Pada Kinerja Dengan Mediasi Motivasi Kerja Rahayu, Rahayu Fajriani; Prahiawan, Wawan; Khaerunnisa, Enis
Indonesian Journal of Multidisciplinary on Social and Technology Vol. 2 No. 3 (2024): Juli - Oktober
Publisher : PT Ilmu Data Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69693/ijmst.v2i3.341

Abstract

Employee performance is the main key to the progress of a company. Adequate performance can be supported by several factors, such as discipline and work environment. The study was conducted to see how the relationship between preventive discipline and physical work environment on performance, as well as the mediation of work motivation between preventive discipline and employee performance at PT Mitra Banten Multimedia Kota Serang. A total of 92 people from the population were used as samples. SmartPLS analysis tool will be used to test the data acquisition through SEM analysis. Directly the results of the data test show that Preventive Discipline has no influence on Performance, but indirectly has an influence on Performance with the mediation of Work Motivation. An increase in Discipline and Work Motivation will lead to an increase in Employee Performance in the company. Preventive Discipline and Work Environment partially have an influence on Work Motivation and Employee Performance and Motivation has an influence on Performance at PT. Mitra Banten Multimedia Kota Serang.