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The Effect of Liquidity and Leverage on Profitability with Covid 19 as a Moderating Variable Apriani, Ani; Rufiatun, Yayuk; Gulo, Yanto Nius
RIGGS: Journal of Artificial Intelligence and Digital Business Vol. 4 No. 1 (2025): Februari - April
Publisher : Prodi Bisnis Digital Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/riggs.v4i1.382

Abstract

This study aims to determine the effect of liquidity and leverage on profitability with Covid19 as a moderating variable in transportation and logistics companies. This type of research uses an associative method with a quantitative approach. The data used in this study are secondary data. The sampling technique is purposive sampling. The number of samples in this study based on the criteria obtained was 132 data for 11 periods with the Eviews 12 testing tool. The analysis technique used was panel data regression and the Sobel test. The results of this study indicate that Liquidity has an effect on Profitability; Leverage does not have a significant effect on Profitability; Covid19 moderates the effect of liquidity on Profitability; Covid19 moderates the effect of leverage on Profitability.
Pengaruh Likuiditas Dan Sales Growth Terhadap Struktur Modal Serta Dampaknya Terhadap Kebijakan Dividen Pada Perusahaan Food And Beverage Yang Terdaftar Di Bei Tahun 2018-2022 Gulo, Yanto Nius
RIGGS: Journal of Artificial Intelligence and Digital Business Vol. 4 No. 3 (2025): Agustus - October
Publisher : Prodi Bisnis Digital Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/riggs.v4i3.2266

Abstract

Penelitian tesis ini bertujuan untuk untuk menguji dan menganalisa pengaruh likuiditas dan sales growth terhadap struktur modal serta dampaknya terhadap kebijakan dividen. Jenis penelitian yang digunakan adalah kuantitatif asosiatif. Populasi penelitian menggunakan perusahaan yang terdaftar pada perusahaan Food and Beverage Bursa Efek Indonesia sejumlah 76 perusahaan. Proses pengambilan sampel menggunaan purposive sampling, sehingga diperoleh 20 sampel perusahaan yang terdaftar pada perusahaan Food and Beverage Bursa Efek Indonesia selama periode amatan tahun 2018 sampai dengan tahun 2022. Data penelitian selanjutnya diolah dengan menggunakan Software Eviews 12. Metode analisis yang digunakan adalah regresi data panel yang merupakan perpaduan data cross section dan time series. Analisis regresi data panel dilakukan melalui uji pemilihan model, untuk menentukan model yang terbaik, hasil pengujian menunjukkan bahwa Fixed Effect Model merupakan model yang paling tepat digunakan dalam memprediksi Strukur Modal serta dampaknya terhadap Kebijakan Dividen. Hasil Uji koefisien determinasi pada model menunjukkan nilai sebesar sebesar 56.0771% sementara sisanya sebesar 43.9229% dapat dijelaskan oleh variabel-variabel lain yang tidak diteliti dalam penelitian ini. Hasil penelitian menunjukkan bahwa Likuiditas tidak berpengaruh terhadap Struktur Modal. Sales Growth berpengaruh negatif signifikan terhadap Struktur Modal. Likuiditas dan Sales Growth secara bersama-sama berpengaruh positif signifikan terhadap Struktur Modal. Struktur Modal berpengaruh negatif signifikan terhadap Kebijakan Dividen pada perusahaan Food and Beverages yang terdaftar di Bursa Efek Indonesia selama periode 2018-2022.
Pengaruh Likuiditas terhadap Struktur Modal pada Perusahaan MLBI yang Terdaftar di Bursa Efek Indonesia Tahun 2014 - 2024 Gulo, Yanto Nius; Faruq, Ahmad
RIGGS: Journal of Artificial Intelligence and Digital Business Vol. 5 No. 1 (2026): Februari - April
Publisher : Prodi Bisnis Digital Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/riggs.v5i1.6941

Abstract

This study aims to analyze the effect of liquidity on capital structure at PT Multi Bintang Indonesia Tbk, which is listed on the Indonesia Stock Exchange (IDX), during the period 2014–2024. The research approach used is a quantitative associative method by utilizing secondary data in the form of the company’s annual financial statements. The research population includes all financial data of PT Multi Bintang Indonesia Tbk over eleven years, which are also used as the research sample. Data processing was carried out using SPSS software version 27 through simple linear regression analysis. the results show that the correlation coefficient (R) is 0.791, indicating a strong relationship between the liquidity variable and capital structure. The coefficient of determination (R²) of 0.625 indicates that 62.5% of the variation in capital structure can be explained by liquidity, while the remaining 37.5% is influenced by other factors outside the research model. Partial hypothesis testing produces a liquidity regression coefficient of -3.104 with a significance level of 0.004, meaning that liquidity has a significant effect on capital structure. This negative relationship indicates that an increase in liquidity tends to be followed by a decrease in capital structure. these findings suggest that the level of liquidity plays an important role in corporate financing decision-making. Therefore, management needs to pay close attention to optimal liquidity management in order to achieve an efficient and sustainable capital structure. This study is expected to provide theoretical and practical contributions to the development of corporate financial policies.
Pengaruh Profitabilitas dan Leverage Terhadap Nilai Perusahaan Pada PT Bank Central Asia Tbk Yang Terdaftar Di Bursa Efek Indonesia Tahun 2015 – 2024 Gulo, Yanto Nius; Setiawan, Arip Budi
RIGGS: Journal of Artificial Intelligence and Digital Business Vol. 5 No. 1 (2026): Februari - April
Publisher : Prodi Bisnis Digital Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/riggs.v5i1.7035

Abstract

This This study aims to analyze the effect of Profitability and Leverage on Firm Value at PT Bank Central Asia Tbk, which is listed on the Bursa Efek Indonesia, during the 2014–2024 period. This research employs a quantitative approach with an associative research design. The data used are secondary data in the form of the company’s annual financial statements over the eleven-year research period. All financial data during this period were used as both the population and the sample of the study. The data analysis technique applied was multiple linear regression using SPSS version 27 software. The results show that simultaneously, Profitability and Leverage do not have a significant effect on Firm Value. This is evidenced by the F-test significance value of 0.189, which is greater than 0.05. Thus, it can be concluded that the two independent variables, when considered together, are not able to significantly explain variations in Firm Value. Partially, Profitability does not have a significant effect on Firm Value, with a t-test significance value of 0.086, which is greater than 0.05. However, the positive regression coefficient indicates that Profitability has a positive direction of relationship with Firm Value. Meanwhile, Leverage also does not have a significant effect on Firm Value, with a t-test significance value of 0.256, which is greater than 0.05. The negative regression coefficient indicates that Leverage has a negative direction of relationship with Firm Value. These findings indicate that during the research period, Profitability and Leverage were not the main determinants influencing Firm Value.