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Journal : Jurnal Tirtayasa Ekonomika (Tirtayasa Economica Journal)

RETURN SAHAM: STUDI DALAM HUBUNGANNYA DENGAN CURRENT RATIO DAN DEBT TO EQUITY RATIO Akhmadi, Akhmadi; Firmansyah, Bagus
Tirtayasa Ekonomika Vol 11, No 2 (2016)
Publisher : FEB Universitas Sultan Ageng Tirtayasa

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (27.138 KB) | DOI: 10.35448/jte.v11i2.4209

Abstract

Penelitian tentang return saham dikaitkan dengan current ratio dan debt to equity ratio, studi empiris dilakukan pada Perusahaan-Perusahaan Pada Sektor Pertambangan yang Listing Di BEI Periode 2009-2013. Penelitian mengugunakan Populasi sebanyak 75 Perusahaan, sementara yang digunakan sebagai sampel dalam penelitian ini sebanyak 22 yang diperoleh menggunakan teknik purposive sampling.Return saham sebagai variabel dependen. Sedangkan sebagai variabel independennya adalah current ratio (CR) sebagai Variabel independen 1, dan debt to equity ratio (DER) sebagai variabel independen 2. Analisa data menggunakan statistik deskriptif, frequency. Analisis inferensial menggunakan uji asumsi klasik, regresi berganda, uji hipothesis dan uji model. Hasil penelitian membuktikan bahwa kebijakan finansial terkait dengan likuiditas perusahaan (current ratio) memberikan sensitifitas yang sangat tinggi pada pergerakan return saham pada sektor pertambangan yang listing di BEI selama periode 2009-2013. Sedangkan DER tidak dipandang oleh investor sebagai alasan atau dasar pijakan dalam mengambil keputusan investasi pada perusahaan-perusahaan di sektor pertambangan yang listing di BEI selama periode 2009-2013.Kata kunci: Return Saham, Current Ratio, Debt to Equity Ratio 
PENGARUH PROFITABILITAS DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN HUTANG SEBAGAI VARIABEL INTERVENING Sofia, Euis Nurus; Akhmadi, Akhmadi
Tirtayasa Ekonomika Vol 13, No 1 (2018)
Publisher : Faculty of Economics and Business - Universitas Sultasn Ageng Tirtayasa

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (27.138 KB) | DOI: 10.35448/jte.v13i1.4207

Abstract

The purpose of this study was to determine whether there is influence between profitability and firm size on firm value, using debt policy as an intervening variable. This type of research is descriptive and associative. The population consumption listed company on the Stock Exchange in 2011-2015 by 41 companies using purposive sampling method obtained a sample of 21 companies. The data used is secondary data. Analysis of the data using the classical assumption test , partial test (t-test) and path analysis. By using SPSS (Statistik Product and Service Solution) 23 for windows. From the calculation, all the classical assumption has been fulfilled. The first regression equation namely, [X3 = 0,130 X1 + 0,166 X2 + 0,978]and a second regression equation namely,[Y = 0,474 X1+ 0,401 X2+ 0,213 X3+ 0,744]. The result of research partially profitability has positive effect  and significant to firm value. Firm size has positive effect  and significant to firm value. Debt policy has positive effect and significant to firm value. profitability has insignificant positive effect to debt policy. Firm size has insignificant positive effect to debt policy. Path analysis of the test results showed that the debt policy as an intervening variable is unable to mediate the effect of profitability on firm value and it’s influence is not significant. Debt policy as an intervening variable is also not able to mediate the effect of firm size on firm value and it’s influence is not significant.
PENGARUH PROFITABILITAS DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN HUTANG SEBAGAI VARIABEL INTERVENING Euis Nurus Sofia; Akhmadi Akhmadi
Tirtayasa Ekonomika Vol 13, No 1 (2018)
Publisher : FEB Universitas Sultan Ageng Tirtayasa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35448/jte.v13i1.14330

Abstract

The purpose of this study was to determine whether there is influence between profitability and firm size on firm value, using debt policy as an intervening variable. This type of research is descriptive and associative. The population consumption listed company on the Stock Exchange in 2011-2015 by 41 companies using purposive sampling method obtained a sample of 21 companies. The data used is secondary data. Analysis of the data using the classical assumption test , partial test (t-test) and path analysis. By using SPSS (Statistik Product and Service Solution) 23 for windows. From the calculation, all the classical assumption has been fulfilled. The first regression equation namely, [X3 = 0,130 X1 + 0,166 X2 + 0,978]and a second regression equation namely,[Y = 0,474 X1+ 0,401 X2+ 0,213 X3+ 0,744]. The result of research partially profitability has positive effect  and significant to firm value. Firm size has positive effect  and significant to firm value. Debt policy has positive effect and significant to firm value. profitability has insignificant positive effect to debt policy. Firm size has insignificant positive effect to debt policy. Path analysis of the test results showed that the debt policy as an intervening variable is unable to mediate the effect of profitability on firm value and it’s influence is not significant. Debt policy as an intervening variable is also not able to mediate the effect of firm size on firm value and it’s influence is not significant.
Pengaruh Likuiditas Terhadap Struktur Modal dengan Profitabilitas sebagai Variabel Intervening. Ratu Wardatuddihan; Akhmadi Akhmadi; Enis Khaerunisa
Tirtayasa Ekonomika Vol 15, No 2 (2020)
Publisher : FEB Universitas Sultan Ageng Tirtayasa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35448/jte.v15i2.9414

Abstract

The purposed of this research to determine the effect of Liquidity proxy with Quick Ratio (QR) on Capital Structure which proxied by Debt to Assets Ratio (DAR) with Profitability proxied by Net Profit Margin (NPM) as intervening variable. The population in this study were all the Wholesale (Durable and Non Durable Goods) Sub sector companies which is listed on Indonesia Stock Exchange periode of 2013 - 2017. The sample in this study were 12 companies  out of 37 population obtained through purposive sampling method. Data analysis techniques used in this study were path analysis and sobel test. The results of this research are: (1) Liquidity (QR) negative and significant effect to Capital Structure (DAR), (2) Liquidity (QR) positive and significant effect to Profitability (NPM), (3) Profitability (NPM) negative and significant effect to Capital Structure (DAR), (4) Profitability (NPM) is not able to mediate the effect of Liquidity (QR) on Capital Structure (DAR).
Co-Authors Abdul Rosyid Adam, Chaidir ade jermawinsyah zebua Adhikara, Imam Manggalya Adikusumah, Kreshna Adyarini, Dwita Dyah Agustinus Nur Arief Hapsoro Ainatunnadillah, Ningtias Al Fauzi Hakim Albetris, Albetris Alexandra, Nabila Alya Ameliani, Findia Amir Hasanudin Fauzi Ana Susi Mulyani Ana Susi Mulyani Andarista, Shika Savira Andarwati, Fitriana Andhika Ragil Prasetyo Andiani, Filsa Andreas Rio Adriyanto Anggraeni, Vita Yanti Annisa Rachmawati Apriana, Ifan Araina, Elga Ariandini Ariadini Armandiansa, Armandiansa Athifa Sri Ismiranti Ayyu Sandhi Azizi, Enji Azwar Anas Bagus Firmansyah, Bagus Bakti Nugraha, Alfian Bambang Mahmudi Basuki, Bejo Cahyani, Redyta Dwi Dewantari, Devia Ayu Dewi, Elawati Djoko Murdowo Doddy Friestya Asharsinyo Dony Dony Dyah Ayu Wiwid Sintowoko Eka Kurniasari Eka Purwanda, Eka Eli Amaliyah Ema Madyaningrum Eni Purwaningsih Enis Khaerunisa Enis Khaerunnisa Ennike Gusti Rahmi Erlana Adli Wismoyo Ernis Chaerunisa Euis Nurus Sofia Fahrina, Ririn Farid, Dzaki Miftah Farida, Ariesa Fariq, Masrur Febrianti, Santi Fitri Handayani Fitri Haryanti fitria ningsih Fitriani, Kiki Liya Fuad, Fadlan Ahmad Gilang Assa Ichwanto Haidar, Muhammad Sayyaf Hambali Wiman, Reza Hana Faza Surya Rusyda Handayaningsih, Anastasia Evi Hanif Azhar Hardianto Nugroho Hardiyanto, Raditya Hanan Naufal Hartanti, Rio Eka Desi Purwandari Hasanah, Nisa Nur Helmi Yazid Hendi Anwar Herniati , Melly Hidayat, Robbi Hikmat, Imat Ida Asiah Nurfitriyani Indra Suhendra Inggit Inggit Irwan Sudarisman Irwana Zulfia Budiono Jayawarsa, A.A. Ketut Jermawinsyah Zebua, Ade Juliansyah, Dekrit Kartika Sari Kusuma Putri, Rahmadyah Kusumawati, Ananda Sekar Kuswantoro, Muhammad Lely Lusmilasari, Lely Liswara Neneng Mahendra Nur Hadiansyah Mahmudi, Bambang Manayra, Shaffa Alithia Martiyadi Nurhidayat Mei Neni Sitaresmi Meirizka, Fathina miftahussurur, wildan Mina Wati Dewi Mochamad Yudha Febrianta Moh Muksin Mufti, Nada Setia Mulyani, Ana Susi Muntaqiah, Kiki Musyafa, Faiz Indra Mutmainah Mutmainah Nabila Tsabita Mustarih Najin, Rifqi Muhammad Nanda, Rexha Septine Faril Nauval Noviansyah Nurohman Nurohman Nurohman, Nurohman Nurul Fitriana Bahri Pancalaksana, Raden Djati Pandu Prihanantyo, Andika Panny, Priscilla Parmawati, Ika Pradipta, Afradilla Hanum Prahyawan, Wawan Prakoso, Riski Wisnu Pratama, Hafidh Ahmad Rizqi Pratiwi, Alissa Nur Pratiwi, Bhekti Prawita, Fat’hah Noor Purwanda, Eka Purwanta Purwanta Purwanto, Purwanto Putra, Yasjudan Rastrama Putra, Yogi Prigima Putri, Amelya Rahmadani Putri, Anisa Silviana Putri, Meylinda Putri, Nadhilah Rahman, Rahma Azzalia Rahmawati, Rahmawati Rahmawaty, Rosa Ramadhani, Ridho Ramadhanu, Bardan Randy Joy Vantayen Ratu Wardatuddihan Reza Hambali Wilman Abdulhadi Rina F Risnawati, Hani Robiyanto Robiyanto Robiyanto, Robiyanto Rosiana Rosiana Safitri Safitri Sanusi, Fauji Shinta Zahra Chaerunisa Siregar, Fernando Septony Siti Epa Hardiyanti Siti Epa Hardiyanti Sofia, Euis Nurus Soraya, Rena Sri Hartini Subowo Subowo Sujalmo, Puwardi Sulistyowati, Nofi Sumantri Sumantri Sunartini Sunartini, Sunartini Supriadi Supriadi Suryani, Emma suudin aziz Taufandas, Maruli Terinza Thahadian, Harik Firman Titin Purnaningsih Tri Hijrah Saputro Tri Kurniasih, Amara Uki Noviana Ully Irma Maulina Hanafiah Uyun Uyun Vika Haristianti Wardani, Aristi Wawan Ichwanuddin Wawan Ichwanudin Wawan Ichwanudin Wawan Ichwanudin Wawan Ichwanudin Widigdya, Singgih Widyaningsih, Andhika Widyawati Widyawati Wigati, Ayu Ramadianti Retno Wijaya, Nuriman Yulisa Rifda Salsabila