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Faktor-Faktor yang Memengaruhi Financial Distres di Industri Makanan-Minuman BEI Syahdina, Aang; Qanitah, Audi Nafisa; Suwandi, Danisha Nazwasabilla; Ramadhan, Eka Gilang; Fhatia, Freethy Libra; Situmorang, Sarah Angelica Puan
AKSIOMA : Jurnal Sains Ekonomi dan Edukasi Vol. 2 No. 6 (2025): AKSIOMA : Jurnal Sains, Ekonomi dan Edukasi
Publisher : Lembaga Pendidikan dan Penelitian Manggala Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62335/aksioma.v2i6.1287

Abstract

The focus of this research is on the impact of liquidity, profitability, and leverage on financial pressures on food and beverage sector manufacturing companies listed on the IDX during the 2020–2023 period. Using a quantitative approach with multiple regression analysis through the Eviews 13 software, this study took 28 corporate samples from 95 populations using the purposive sampling method. The research period covers the Covid-19 pandemic to the beginning of economic recovery. The variables used include Current Ratio (CR) for liquidity, Return on Assets (ROA) for profitability, and Degree of Financial Leverage (DFL) for leverage. The results show that CR and ROA negatively impact financial pressure, while DFL has a positive impact. All three variables simultaneously have a significant effect on financial pressure.
Determinasi terhadap Nilai Perusahaan (Studi Emperis Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia) Syahdina, Aang; Qanitah, Audi Nafisa; Suwandi, Danisha Nazwasabilla; Ramadhan, Eka Gilang; Fhatia, Freethy Libra; Situmorang, Sarah Angelica Puan
AKSIOMA : Jurnal Sains Ekonomi dan Edukasi Vol. 2 No. 11 (2025): AKSIOMA : Jurnal Sains, Ekonomi dan Edukasi
Publisher : Lembaga Pendidikan dan Penelitian Manggala Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62335/aksioma.v2i11.1915

Abstract

This study was conducted to analyze the impact of Current Ratio, Return on Assets, and Debt to Equity Ratio on Firm Value in the banking sector listed on the Indonesia Stock Exchange during the period of 2020-2024. Secondary data collection involved 27 banking companies selected from a total of 46 companies using purposive sampling technique. The analytical method employed was panel data regression with the assistance of Eviews 10 software. Classical assumption testing was performed through normality test, multicollinearity test, and heteroscedasticity test. Meanwhile, hypothesis testing was conducted using t-test to examine partial effects, F-test to examine simultaneous effects, and Adjusted R² coefficient of determination. The research findings indicate that Current Ratio does not exert a significant influence on Firm Value. Return on Assets demonstrates a negative but insignificant effect on Firm Value, whereas Debt to Equity Ratio shows a positive yet insignificant effect on Firm Value. When examined collectively, these three independent variables do not exhibit a significant influence on Firm Value.