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All Journal International Journal of Economics Development Research (IJEDR) Journal La Bisecoman Jurnal Penelitian Pendidikan Indonesia
Sunjaya, Robi
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Economics, Econometrics & Finance Social Sciences Other

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Meningkatkan nilai perusahaan: peran strategis kepemilikan institusional, leverage keuangan dan kebijakan dividen di perusahaan Indonesia Sunjaya, Robi; Bertuah, Eka
JPPI (Jurnal Penelitian Pendidikan Indonesia) Vol 10, No 4 (2024): JPPI (Jurnal Penelitian Pendidikan Indonesia)
Publisher : Indonesian Institute for Counseling, Education and Theraphy (IICET)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29210/020244669

Abstract

This study evaluates the impact of institutional ownership and financial leverage on firm value, with dividend policy serving as a mediating variable. The primary focus is to examine how dividend policy mediates the relationship between institutional ownership and firm value, as well as the effect of financial leverage on firm value. By using panel data regression models, the research incorporates purposive sampling, selecting 125 companies from a population of 902 firms listed on the Indonesia Stock Exchange (IDX) during the period 2020-2023, resulting in a total of 500 observations. The findings reveal that institutional ownership has a significant and positive impact on firm value, while financial leverage does not have a notable effect. Additionally, while dividend policy positively influences firm value, it does not mediate the relationship between institutional ownership and firm value. However, dividend policy successfully mediates the effect of financial leverage on firm value. These results highlight the critical role of institutional ownership and effective dividend policies in enhancing firm value. Practically, the study underscores the importance of institutional investors' oversight and the need for transparent dividend policies. For managers, ensuring effective dividend distribution can serve as a signal to the market, while policymakers should consider strengthening regulatory frameworks to support transparency. The study contributes to the academic literature by providing insights into the dynamics of the Indonesian market.
The Effect of Company Growth and Inflation on Company Valuation Sunjaya, Robi; Munandar, Agus
Journal La Bisecoman Vol. 6 No. 1 (2025): Journal La Bisecoman
Publisher : Newinera Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37899/journallabisecoman.v6i1.1847

Abstract

The purpose of this research is to examine how corporate expansion and inflation affect the worth of companies in the resort, cruise, and hospitality industries that are listed on the Indonesia Stock Exchange (IDX). The study makes use of secondary data that was obtained from these firms' 2018–2022 annual financial reports. By employing a purposive sampling technique, 15 companies were selected, resulting in 75 observations aligned with the study's objectives. Panel data analysis techniques were used to examine the data. The results show that although inflation has a positive and considerable impact on company value, sales growth has no discernible effect. Second, the joint effect of sales growth and inflation accounts for most of the observed value growth in firms. This has important implications for company management, as they need to leverage firm value for competitive advantages in rapidly changing market conditions.
Blockchain Technology in Accounting Practice: Literature Review Sunjaya, Robi; Putra, Jusintri; Ramadhan, Yanuar
International Journal of Economics Development Research (IJEDR) Vol. 6 No. 4 (2025): International Journal of Economics Development Research (IJEDR)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ijedr.v6i4.7978

Abstract

This study seeks to elucidate the implementation of blockchain in accounting practices. It aims to explore the potential adoption of blockchain technology to enhance financial reporting. The research sample comprises relevant literature on blockchain adoption within the context of accounting and financial reporting. The methodology employed is a literature review, involving the reanalysis of prior research findings, theories, and concepts. The findings reveal that blockchain can improve efficiency, transparency, and robust security in transaction recording systems. Nevertheless, challenges persist in its application, including limitations in accountants’ proficiency to utilize blockchain technology.
Meningkatkan nilai perusahaan: peran strategis kepemilikan institusional, leverage keuangan dan kebijakan dividen di perusahaan Indonesia Sunjaya, Robi; Bertuah, Eka
JPPI (Jurnal Penelitian Pendidikan Indonesia) Vol. 10 No. 4 (2024): JPPI (Jurnal Penelitian Pendidikan Indonesia)
Publisher : Indonesian Institute for Counseling, Education and Theraphy (IICET)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29210/020244669

Abstract

This study evaluates the impact of institutional ownership and financial leverage on firm value, with dividend policy serving as a mediating variable. The primary focus is to examine how dividend policy mediates the relationship between institutional ownership and firm value, as well as the effect of financial leverage on firm value. By using panel data regression models, the research incorporates purposive sampling, selecting 125 companies from a population of 902 firms listed on the Indonesia Stock Exchange (IDX) during the period 2020-2023, resulting in a total of 500 observations. The findings reveal that institutional ownership has a significant and positive impact on firm value, while financial leverage does not have a notable effect. Additionally, while dividend policy positively influences firm value, it does not mediate the relationship between institutional ownership and firm value. However, dividend policy successfully mediates the effect of financial leverage on firm value. These results highlight the critical role of institutional ownership and effective dividend policies in enhancing firm value. Practically, the study underscores the importance of institutional investors' oversight and the need for transparent dividend policies. For managers, ensuring effective dividend distribution can serve as a signal to the market, while policymakers should consider strengthening regulatory frameworks to support transparency. The study contributes to the academic literature by providing insights into the dynamics of the Indonesian market.
Co-Authors Agus Munandar, Agus Eka Bertuah Putra, Jusintri Ramadhan, Yanuar