Article Per Year (5 Year)
p-Index From 2020 - 2025
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This Author published in this journals
All Journal International Journal of Economics, Business and Innovation Research
Mohammad Zubair Hipy
Unknown Affiliation
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

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The Effect of Capital Structure, Operating Cash Flow, and Activity Ratio on the Profitability of Agricultural Companies Listed on the Indonesia Stock Exchange Arifuddin Lamusa; Nelson Metubun; Mohammad Zubair Hipy
International Journal of Economics, Business and Innovation Research Vol. 4 No. 06 (2025): October- November, International Journal of Economics, Business and Innovation
Publisher : Cita konsultindo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63922/ijebir.v4i06.2401

Abstract

Microeconomics provides a theoretical framework for understanding how a company achieves profit margins, while profit margin is a key measure of performance that reflects the effectiveness of a company's microeconomic strategy, including in agricultural companies. This study aims to analyze the influence of capital structure, operating cash flow, and activity ratio on the profitability of agricultural companies listed on the Indonesia Stock Exchange, especially Crude Palm Oil (CPO) companies. The research approach is quantitative using secondary data from 11 Crude Palm Oil (CPO) agricultural companies for the 2021-2024 period, so that the total data is 44 research data. Data collection uses documentation, namely accessing the official website of the Indonesia Stock Exchange. Data analysis uses multiple regression analysis of panel data. The results of the study show that simultaneously, the capital structure (Debt to Equity Ratio), operating cash flow, and activity ratio (inventory turnover) together have a significant effect on profitability (Net Profit Margin) in Crude Palm Oil (CPO) agricultural sector companies listed on the Indonesia Stock Exchange with a determination coefficient of 81.2172%. While the remaining 18.7828% is explained by other variables that are not studied in this study such as operational cost efficiency, sales and revenue growth levels, raw material prices or production inputs, tax policies and interest expense and price strategies and product competitiveness in the market. Then partially, the capital structure (Debt to Equity Ratio) has a negative and insignificant effect on profitability (Net Profit Margin), operating cash flow has a positive and significant effect on profitability (Net Profit Margin), and activity ratio (inventory turnover) has a positive and significant effect on Profitability (Net Profit Margin).
Influence Of The Global Economic Policy Uncertainty Index On Inflation And Its Implications For Farmer Exchange Rates In Sulawesi Regions Dewi Nur Asih; Nelson Metubun; Mohammad Zubair Hipy
International Journal of Economics, Business and Innovation Research Vol. 5 No. 01 (2026): December - January, International Journal of Economics, Business and Innovatio
Publisher : Cita konsultindo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63922/ijebir.v5i01.2632

Abstract

The farmer exchange rate (FER) serves as a crucial parameter for assessing the extent to which the agricultural sector can support the livelihoods of farmers and contribute to local economic resilience. Considering the vital role of the agricultural sector in the regional economy, it is important to identify and analyze the factors influencing the fluctuations in the farmer exchange rate in order to formulate policies that can improve farmers' welfare and support more stable and sustainable agricultural sector development. The aim of this study is to analyze the relationship between global economic policy uncertainty, inflation, and the farmer exchange rate in the provinces of Sulawesi. This research adopts a quantitative approach, utilizing secondary data that includes the Global Economic Policy Uncertainty (GEPU) Index, inflation, and the farmer exchange rate in Sulawesi during the period from January 2024 to September 2025. The data used in this study consists of panel data comprising 126 observations (21 time-series data and 6 cross-sectional data), which are analyzed using panel data path analysis. The results of this study show that GEPU has a positive and significant effect on inflation, as well as a positive and significant effect on the farmer exchange rate in Sulawesi. However, the impact of GEPU on the farmer exchange rate becomes insignificant after being mediated by inflation. Inflation has been shown to have a negative impact on the farmer exchange rate, although its effect is not significant. Based on these findings, it is recommended that the government enhance the economic resilience of farmers through agricultural product diversification, strengthen inflation control policies, and improve extension services related to global uncertainties. Furthermore, collaboration between the government and the private sector in supporting the agricultural sector needs to be reinforced to create a more resilient and adaptive ecosystem in response to global changes.
Co-Authors Arifuddin Lamusa Dewi Nur Asih Nelson Metubun