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Journal : International Journal of Management, Economic and Accounting

The Effect of Intellectual Capital and Profitability on Financial Distress in Manufacturing Companies in The Building Construction Sub-Sector Listed on The IDX Sidi Birran Walidain; Noni Ardian
International Journal of Management, Economic and Accounting Vol. 2 No. 1 (2024): June 2024
Publisher : Yayasan Multidimensi Kreatif

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61306/ijmea.v2i1.93

Abstract

This study aims to analyze the effect of intellectual capital on financial distress conditions in manufacturing companies in the building construction sub-sector listed on the Indonesia Stock Exchange (IDX). Intellectual capital is an intangible asset that plays an important role in creating added value for the company. This study uses the Value Added Intellectual Coefficient (VAICâ„¢) method to measure intellectual capital, which consists of three main components, namely human capital, structural capital, and physical capital. Financial distress is measured using the Altman Z-Score prediction model. The population of this study is all building construction sub-sector manufacturing companies listed on the IDX during the 2018-2022 period as many as 22 companies. The sample was selected using purposive sampling technique with criteria with a sample number of 13 companies. The data used is secondary data obtained from the company's annual financial statements. Data analysis was carried out using linear regression panel data with eviews data processing tool. The results of this study show that Value Added Capital Employed (VACA) and Structural Capital Value Added (STVA) have a positive and significant effect on Financial Distress, while Value Added Human Capital (VAHU) does not have a positive and significant effect on Financial Distress in manufacturing companies in the building construction sub-sector listed on the IDX.
The Influence of Financial Ratios on Net Profit Growth in Manufacturing Companies in the Basic and Chemical Industry Sub-Sectors Listed on the Indonesia Stock Exchange Adella Viona; Maya Syaula; Noni Ardian
International Journal of Management, Economic and Accounting Vol. 2 No. 2 (2024): December 2024
Publisher : Yayasan Multidimensi Kreatif

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61306/ijmea.v2i2.291

Abstract

This study aimed to analyze the influence of the current ratio, debt-to-equity ratio, return on assets, total asset turnover, and price-to-book value on net profit growth among manufacturing companies within the basic and chemical sectors listed on the Indonesia Stock Exchange. Data for the research, spanning the years 2017 to 2023, was sourced from www.idx.co.id, and the study was carried out in 2024. From a population of 61 companies, a sample of 38 was selected. Quantitative data analysis was performed using Eviews 9, employing a panel data regression approach. Findings indicated that, individually, only the return on assets had a positive and statistically significant impact on net profit growth, while the current ratio, debt-to-equity ratio, total asset turnover, and price-to-book value showed no significant partial effect on net profit growth. However, collectively, these variables (current ratio, debt-to-equity ratio, return on assets, total asset turnover, and price-to-book value) significantly and positively affected net profit growth in the targeted manufacturing companies. Together, these variables contributed 26.05% to net profit growth, demonstrating a fairly strong correlation with the dependent variable.
Effect of Financial Ratios on Net Profit Growth in Manufacturing Companies in the Basic and Chemical Industry Subsectors Listed on the Indonesia Stock Exchange Adella Viona; Maya Syaula; Noni Ardian
International Journal of Management, Economic and Accounting Vol. 3 No. 1 (2025): February 2025
Publisher : Yayasan Multidimensi Kreatif

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study was conducted to find out how the influence of current ratio, debt to equity ratio, return on assets, total assets turnover and price to book value on net profit growth in manufacturing companies in the basic and chemical industry sectors listed on the Indonesia Stock Exchange. Data is taken from www.idx.co.id. Data used from 2017-2023. The research was conducted in 2024. The population in this study is 61 companies with a sample of 38 companies. This study uses quantitative data processed with the Eviews 9 application using the panel data regression method. The test results gave the conclusion that only the return on assets variable partially had a positive and significant effect on net profit growth, while the current ratio. debt to equity ratio, total assets turnover and price to book value partially did not have a significant effect on net profit growth. Simultaneously, the current ratio, debt to equity ratio, return on assets, total assets turnover and price to book value have a positive and significant effect on the growth of net profit of manufacturing companies in the basic and chemical industry sectors. The contribution given by the variables of current ratio, debt to equity ratio, return on assets, total asset turnover and price to book value to net profit growth was 26.05%, while the level of tightness of the variables current ratio, debt to equity ratio, return on assets, total assets turnover, and the price to book value to net profit growth is quite tight or strong enough.