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PENGARUH LIKUIDITAS TERHADAP STRUKTUR MODAL DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING : (Studi Empiris pada Perusahaan Subsektor Kesehatan yang terdaftar di Bursa Efek Indonesia Periode 2017-2021)
Yulisa Rifda Salsabila;
Akhmadi Akhmadi
Jurnal Maneksi (Management Ekonomi Dan Akuntansi) Vol. 12 No. 2 (2023): Juni
Publisher : Politeknik Negeri Ambon
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DOI: 10.31959/jm.v12i2.1566
This study aims to examine the effect of liquidity on capital structure with profitability as an intervening variable. The population in this study are Health sub-sector companies listed on the Indonesia Stock Exchange in the 2017-2021 period. The number of samples in this study were 10 companies from a total of 19 populations obtained through purposive sampling method. The data analysis techniques in this study were descriptive statistics, classical assumption test, and regression analysis assisted with the SPSS 26 program. The results of this study indicate that Liquidity has no significant positive effect on capital structure, Liquidity has no significant positive effect on profitability, Profitability has no negative effect on significant to capital structure, Profitability cannot mediate the relationship between Liquidity and Capital Structure.
A Moderating Effect of Profitability: Empirical Studi in Minning Industry
Akhmadi Akhmadi;
Randy Joy Vantayen
International Business and Accounting Research Journal Vol 7, No 2 (2023): July 2023
Publisher : Sekolah Tinggi Ekonomi dan Bisnis Islam Lampung
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DOI: 10.35474/ibarj.v7i2.260
This study aims to examine the impact of profitability on firm value in mining sector firms from 2009 to 2020. Data were collected from 12 years' worth of observational data from 19 companies, resulting in 228 data points across 51 populations. The collected data were analyzed using various methods such as descriptive analysis, conventional assumption testing, and hypothesis testing. The findings indicate that Firm Value is not significantly influenced by Firm Size, despite the potential for profitability to strengthen the association between its size and value.
The efficiency asset utilization financial performance and capital structure on manufacturing firm value on the Indonesia stock exchange (IDX)
Eka Kurniasari;
Akhmadi Akhmadi;
Wawan Ichwanudin
Enrichment : Journal of Management Vol. 13 No. 2 (2023): June: Management Science And Field
Publisher : Institute of Computer Science (IOCS)
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DOI: 10.35335/enrichment.v13i2.1394
This research was conducted to determine the effect of asset utilization efficiency, financial performance and capital structure on firm value. Specifically to test whether financial performance is able to mediate asset utilization on firm value and test whether capital structure contributes to the relationship between asset utilization - firm value. We conducted research on manufacturing companies listed on the IDX that are listed on the Indonesia Stock Exchange (IDX) in 2019 – 2021. Secondary data obtained from www.idx.co.id. The results of the study show that the efficiency of asset utilization has a significant effect on firm value, financial performance is able to mediate the relationship between asset utilization and firm value. In addition, the relationship between asset utilization and firm value becomes stronger with capital structure. The implication of our research is that good asset utilization efficiency can increase company profits so that it can increase company value, and the company's capital structure can strengthen the effect of asset utilization on company value. The benefit of this research for companies are expected to provide understanding to company management about the role of company growth, asset utilization, capital structure in determining company financial performance and company value.
Empirical factors in increasing return on assets at islamic banks in Indonesia
Mina Wati Dewi;
Akhmadi Akhmadi;
Wawan Ichwanudin
International Journal of Applied Finance and Business Studies Vol. 11 No. 2 (2023): September : Applied Finance and Business Studies
Publisher : Trigin Publisher
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DOI: 10.35335/ijafibs.v11i2.117
The purpose of this study is to develop a research model to overcome business phenomena and research gaps between Operating Costs and operating Income and NonPerforming Financing on Return on Asset with Funding to Deposit Ratio as a mediating variable at Islamic Commercial Banks in Indonesia (Case Study on Islamic Commercial Banks in Indonesia listed on the IDX in 2016-2020). The data collection method used is literature study and documentation study. Sampling using the saturated sampling method obtained as many as 11 Islamic banks. The available data has met the requirements for using multiple linear regression equation models. Hypothesis testing uses a significance test (t-test), coefficient of determination test (R2), and SPSS test. Coefficient of determination (R2) and Sobel test. The results of this study indicate that Operating Expenses and Operating Income have a negative and significant effect on Return on Assets, and the Funding Deposit Ratio has no considerable impact on Return on Assets. At the same time, Operating Costs and operating Income have no significant effect on the Deposit Ratio. Intervening Funding to Deposit Ratio cannot mediate the relationship between Operating Costs and operating Income with Return on Assets. In addition, the author hopes this research can theoretically contribute to the financial management and banking literature in this context.
Relevance of the capital adequacy ratio, as a mediator of its contribution to return on assets empirical study on the conventional banking sector listed on the Indonesia Stock Exchange in 2018-2022
Al Fauzi Hakim;
Akhmadi Akhmadi;
Wawan Ichwanudin
International Journal of Applied Finance and Business Studies Vol. 11 No. 2 (2023): September : Applied Finance and Business Studies
Publisher : Trigin Publisher
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DOI: 10.35335/ijafibs.v11i2.123
Banking is an institution that has a crucial role in stimulating the economy. This study aims to develop a research model to address the business phenomenon and research gap between loan-deposit to ratio on Return on Asset with capital adequacy ratio as a mediating variable. The method used by the author in this research is a descriptive quantitative method with an associative approach. The population in this study was 47 conventional banks listed on the Indonesia stock exchange; the sample in this study was 13 banking companies, according to the research variables concerning public financial reports from 2018-2022. Sampling techniques with purposive sampling were used. Data analysis techniques with regression and path analysis using the sobelt test. The results showed that loan deposit to ratio has a significant effect on return on assets, loan deposit to ratio has a significant impact on capital adequacy ratio, loan deposit to ratio has a significant effect on return on investments, capital adequacy ratio can mediate the impact of loan deposit to ratio on return on assets. In addition, the authors hope this research can make a theoretical contribution to the financial management and banking literature in this context.
The Impact of Liquidity Moderation: Studies on Transportation Subsector Service Companies Listed on the IDX for the 2012-2020 period
Akhmadi Akhmadi
SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 7, No. 2, June 2023
Publisher : Faculty of Economics, Universitas Sriwijaya
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DOI: 10.29259/sijdeb.v7i2.109-120
The purpose of this research was to analyze the influence of capital structure on Profitability with Liquidity as a moderating variable. The population of this research is transportation sub-sector companies listed on the Indonesia Stock Exchange for the period 2012-2018. The research method in this study is a causal-comparative. Hypothesis testing using moderate regression. Based on the sampling technique purposive sampling researcher used 25 with amounts of 175 data. The results of this study show that the Capital Structure has a significant effect on profitability while on Liquidity, as moderation variables have no significant effect on the relationship of capital structure to profitability, which means Liquidity weakens in moderating the relationship of capital structure to Profitability.
Firm Size As A Moderation Factor: Testing The Relationship of Capital Structure With Dividend Policy
Akhmadi Akhmadi;
Bambang Mahmudi;
Moh Muksin;
Indra Suhendra;
Rina F
AFEBI Management and Business Review Vol. 5 No. 2 (2020): December
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia
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DOI: 10.47312/ambr.v5i2.313
This study examines size as a variable that can strengthen and weaken the relationship between debt policy and dividend policy. Presearch using a sample of 26 companies of 65 population Basic industrial and chemical manufacturing companies listed on the Indonesia Stock Exchange in 2011-2015, which is determined by purposive technique. The variables observed include debt policy as an independent variable, dividend policy as the dependent variable, and firm size as a moderating variable. The analysis tool uses regression moderating analysis (MRA). The results prove that the Debt to Asset Ratio (DAR) has a negative and insignificant effect on the Dividend Payout Ratio (DPR), firm size negatively moderates and there is a significant relationship between capital structure and dividend policy.
Financial Performance Comparison (Empiric Study on Conventional Commercial Banks and Sharia Commercial Banks 2012-2018)
Akhmadi Akhmadi Akhmadi;
Ernis Chaerunisa;
Shinta Zahra Chaerunisa
AFEBI Management and Business Review Vol. 6 No. 1 (2021): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia
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DOI: 10.47312/ambr.v6i1.439
This study aims to examine more the comparison of financial performance between Islamic Commercial Banks and Conventional Commercial Banks. The population in this study includes conventional banking companies and Islamic banking which are listed on the Indonesia Stock Exchange and supervised by the Financial Services Authority (OJK) for the period 2012-2018 as many as 114 companies. The observational data used were 56 data from 14 general and Islamic banks which were sampled in this study. The method of analysis used the normality test, the independent sample t-test, and the Mann-Whitney test. The results showed that tThere is no significant difference in the Capital Adequency Ratio between Conventional Commercial Banks and Islamic Commercial Banks, There is a significant difference in non-performing loans / financing (NPL / NPF) between Conventional Commercial Banks and Islamic Commercial Banks, there is a significant difference in return on assets (ROA) between Commercial Banks Conventional with Islamic Commercial Banks, there is a significant difference in operating expenses to operating revenue (BOPO) between Conventional Commercial Banks and Islamic Commercial Banks, there is a significant difference in loan / financing to deposit ratio between Conventional Commercial Banks and Shari'ah Commercial Banks.
Leverage and liquidity to firm value moderated by firm size: a signaling theory approach
Kartika Sari;
Akhmadi Akhmadi;
Wawan Ichwanuddin
Enrichment : Journal of Management Vol. 13 No. 3 (2023): August: Management Science And Field
Publisher : Institute of Computer Science (IOCS)
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DOI: 10.35335/enrichment.v13i3.1579
This study used the Signaling Theory approach to determine the effect of leverage and liquidity on firm value and used firm size as a moderating variable. The research sample used is food and beverage sector companies listed on the Indonesia Stock Exchange during 2016-2021. Data processing was carried out with the STATA version 17 statistical application. The leverage variable is used to see the proportion of debt used by the company in its financing and the results show that leverage is proven to increase firm value significantly. Liquidity is used to see the company's ability to pay its debt obligations and the results show that liquidity is proven to significantly increase firm value. These findings strengthen the theory that leverage and liquidity have a positive effect on firm value. Firm size is used as a variable that is considered to strengthen the relationship between leverage and liquidity. However, the results show that firm size is not proven to strengthen the relationship between leverage and liquidity on firm value.
Analisis Ukuran Perusahaan Dan Profitabilitas Terhadap Nilai Perusahaan: Pada Perusahaan yang tergolong IDXQ30 di BEI Periode 2018 - 2021
Nabila Tsabita Mustarih;
Akhmadi
JURNAL EKONOMI, MANAJEMEN, BISNIS, DAN SOSIAL (EMBISS) Vol. 3 No. 4 (2023): Agustus 2023
Publisher : CV ODIS
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DOI: 10.59889/embiss.v3i4.238
The role that investors play in the current rapid development of the Indonesian Stock Exchange, investors must be very careful when making investments and must research the companies they wish to support. According to Mahendra (2018), a company is founded with a specific purpose and the main goal is to maximize profits. While the goal of the third company is to increase the value of the company, which is reflected in the share price, the goal of the second company is to enrich its shareholders or shareholders. The business has released its financial reports for the years 2018 to 2021. A total of thirty companies failed to comply with the requirements in the incomplete financial statements from 2018 to 2021. Therefore, using the SPSS application version 26, a binary logistic regression analysis was performed on the data collected by 25 sample companies. The type of data used in this research is secondary data and quantitative data. The company's financial reports can be accessed on the IDX, which is the source of study data. 2. The profitability of a company is directly inversely correlated with its value. Directly proportional to the profitability of the company, and vice versa, the value of the company increases. 3. The size and profitability of a company is directly related to its value.