Murti, Pertiwi Harkitianis
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Analisis Kebijakan Struktur Modal, Manajemen Laba, Dan Kepemilikan Publik Terhadap Financial Distress: Studi Empiris Pada Industri Makanan Dan Minuman di Indonesia Murti, Pertiwi Harkitianis; Zamzamy, Faizal Ridwan; Maharani, Novita Kusuma
Robust: Research of Business and Economics Studies Vol. 4 No. 1 (2024): April 2024
Publisher : IAIN Kendari

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31332/robust.v4i1.8608

Abstract

This research aims to determine the influence of capital structure, earnings management and public ownership on financial distress in the food and beverage industry in Indonesia, which is proxied by the Deb to Equity Ratio, Working Capital Accrual to Period Income, Total Public Shares to Outstanding Shares. This research uses secondary data obtained through documentation in the form of annual financial reports from food and beverage industry companies in Indonesia. Data analysis was carried out using quantitative analysis in the form of descriptive statistical tests, normality tests, and hypothesis testing with paired sample tests. The research results show that Capital Structure, Profit Management and Public Ownership have an influence and significance.
The Relationship Between Financial Performance and Profitability: An ROA and EPS Approach in the Food and Beverage Industry Murti, Pertiwi Harkitianis; Lestari, Anke Dwi; Leon, Farah Margaretha
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 1: Sharia Economics
Publisher : Sharia Economics Department Universitas KH. Abdul Chalim, Mojokerto

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Abstract

This study aims to identify factors influencing profitability in the food and beverage sector listed on the Indonesia Stock Exchange. The novelty of this research lies in the inclusion of sales growth as an independent variable. The study uses panel data from 22 companies over the 2020–2024 period, totaling 110 observations. Data analysis is conducted using panel regression and Ordinary Least Squares (OLS) methods. The OLS results show that liquidity, sales growth, efficiency, and firm size positively affect ROA, while working capital and leverage have negative effects. The panel model finds that only sales growth significantly affects ROA. For EPS, OLS shows working capital, efficiency, and size as significant, while panel regression finds working capital and efficiency positive, and inflation negative. Other variables are not significant. These findings suggest that managers should improve efficiency and scale, while investors should prioritize firms with strong assets and efficient operations to enhance profitability.