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Pengaruh Likuiditas, Aktivitas, dan Firm Size Terhadap Profitabilitas dengan Leverage Sebagai Variabel Intervening Alimuddin, Alimuddin; Usman, Asri; Prabowo, Odi
Journal of Business and Economics Research (JBE) Vol 6 No 2 (2025): June 2025
Publisher : Forum Kerjasama Pendidikan Tinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/jbe.v6i2.7689

Abstract

This study aims to analyse the effect of liquidity, activity, and company size on profitability with leverage as an intervening variable in telecommunications companies listed on the Indonesia Stock Exchange (IDX). This study uses a quantitative approach with a purposive sampling method, where 10 telecommunications companies that are consistently listed during the 2019-2023 period and have complete data are sampled. The results of the analysis show that partially, liquidity (CR) has a probability value of 0,919 (p> 0.05), activity (TATO) of 0,9754 (p> 0.05), and firm size of 0,2927 (p> 0.05), which means that all three have no significant effect on profitability (NPM). In contrast, leverage (DAR) has a significant negative effect on profitability, with a probability value of 0,0000 and a t-statistic of -4,6409. In testing the leverage variable as dependent, CR has a p-value of 0,3782 (not significant), TATO shows a significant negative effect with a p-value of 0,0005 and a t-statistic of -3,7503, while firm size shows a significant positive effect with a p-value of 0.0000 and a t-statistic of 6.8866. Sobel test is conducted to determine the indirect effect. The results show that liquidity has no significant effect on profitability through leverage, with a t-value of 0.8739 < 2.0117. Activity (TATO) is proven to have a significant positive effect on profitability through leverage, because the t value is 2.9170 > 2.0117. Meanwhile, firm size also shows a significant indirect effect on profitability through leverage, but with a negative direction, indicated by a t value of -3.8486 < -2.0117.
Pengaruh efektivitas pendapatan asli daerah, efisiensi keuangan daerah, derajat desentralisasi fiskal, dan belanja modal terhadap indeks pembangunan manusia Prabowo, Odi; Darmawati, Darmawati; Nirwana, Nirwana
Jurnal Bisnis Mahasiswa Vol 5 No 5 (2025): Jurnal Bisnis Mahasiswa
Publisher : PT Aksara Indo Rajawali

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60036/jbm.776

Abstract

Penelitian ini bertujuan menganalisis pengaruh efektivitas pendapatan asli daerah, efisiensi keuangan daerah, derajat desentralisasi fiskal, dan belanja modal terhadap Indeks Pembangunan Manusia (IPM) di Provinsi Sulawesi Tengah. Penelitian ini dilatarbelakangi oleh peran penting keuangan daerah dalam meningkatkan kualitas hidup masyarakat melalui pembangunan manusia. Menggunakan pendekatan kuantitatif, penelitian ini mengambil sampel 13 kabupaten/kota periode 2020–2023. Analisis dilakukan dengan regresi data panel menggunakan perangkat lunak EViews 12. Data bersumber dari Badan Pusat Statistik dan Direktorat Jenderal Perimbangan Keuangan. Hasil penelitian menunjukkan bahwa efektivitas pendapatan asli daerah, derajat desentralisasi fiskal, dan belanja modal tidak berpengaruh terhadap IPM, sedangkan efisiensi keuangan daerah berpengaruh positif dan signifikan. Penelitian ini diharapkan memperkaya kajian keuangan daerah dan pembangunan manusia serta memberikan masukan bagi pemerintah daerah dalam merumuskan kebijakan fiskal untuk meningkatkan kualitas hidup masyarakat.