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The Influence Of Profitability, Firm Size, Debt Policy And Ownership Structure On Investment Decisions With Growth Opportunity As A Moderating Iryanto, Nadya Adella; Abdurrahman, Abdurrahman
Syntax Literate Jurnal Ilmiah Indonesia
Publisher : Syntax Corporation

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36418/syntax-literate.v10i9.61581

Abstract

This study aims to analyze the effect of profitability, firm size, debt policy, and ownership structure on investment decisions in oil and gas sector companies in Indonesia, with growth opportunity as a moderating variable. A quantitative approach is used in this study with secondary data from the financial statements of 19 companies listed on the Indonesia Stock Exchange (IDX) for the period 2019–2023, as well as one additional company, Pertamina. The analysis method used is Generalized Least Square (GLS) and Moderated Regression Analysis (MRA) with the help of EViews 13 software and the research model used is the Fixed Effect Model. The results of the study show that simultaneously the four independent variables have a significant effect on investment decisions. Partially, profitability and ownership structure have a significant positive effect on investment decisions, debt policy has negatife effect on investment decisions while firm size does not have a significant effect. Growth opportunity has been proven to be unable to play its role as a moderating variable because it has not been able to weaken or strengthen the influence of profitability and debt policy on investment decisions. These findings provide important implications for companies in considering internal factors and growth opportunities when determining investment strategies amid global uncertainty.
Analisis Perbandingan Kinerja Keuangan pada Sektor Aneka Industri Sub Sektor Alas Kaki di Indonesia Periode 2020-2022 Putri, Mutiara Ramadhona; Fernandez, Azizah; Iryanto, Nadya Adella; Camelia, Madya; Ramadhan, Yanuar; Gunawan, Wawan Iwan
Syntax Literate Jurnal Ilmiah Indonesia
Publisher : Syntax Corporation

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36418/syntax-literate.v9i4.15064

Abstract

Penelitian ini bertujuan untuk menguji kinerja perusahaan sub sektor Alas kaki dengan menggunakan rasio keuangan (likuiditas, solvabilitas, aktivitas, profitabilitas), common size dan analisis trend dengan membandingkan rasio keuangan, common size dan analisis trend periode tahun 2020-2022 pada PT Sepatu Bata Tbk (Bata) dan PT Primarindo Asia Infrastructure Tbk (Bima). Rancangan penelitian ini merupakan penelitian deskriptif kualitatif dan menggunakan data sekunder yang berasal dari Laporan Keuangan pada PT Sepatu Bata Tbk (Bata) dan PT Primarindo Asia Infrastructure Tbk (Bima) yang tersedia pada Website Masing masing Emiten maupun yang ada pada website IDX. Hasil penelitian menunjukkan bahwa PT Sepatu Bata Tbk memiliki kinerja keuangan yang lebih baik dibandingkan PT Primarindo Asia Infrastructure Tbk. Namun, penelitian ini hanya mencakup beberapa aspek kinerja perusahaan, sehingga diperlukan penelitian lain yang lebih komprehensif, seperti menganalisis pengembalian investasi, efisiensi manajemen, atau faktor-faktor lain yang mempengaruhi kinerja perusahaan.