Wisnu Mawardi
Universitas Diponegoro, Semarang, Indonesia

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The Role of Capital Structure as a Mediator of Profitability, Company Size, and Business Risk on Company Value (Study on Exporters Listed on the Indonesia Stock Exchange 2019-2023) Titi Indah Susilowati; Wisnu Mawardi
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 1 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i1.5968

Abstract

Capital structure is an important part of a firm's financial structure as a signal to the market about the firm's management and financial prospects. The optimal capital structure decision can increase the value of the company by increasing investors' perception of the company's stability and growth. This study aims to determine the role of capital structure on profitability, company size, business risk on firm value with capital structure as an intervening variable in companies listed on the Indonesia Stock Exchange (IDX). This study uses a quantitative approach and secondary data in the form of financial reports or summaries of annual reports from Exporter companies listed on the IDX in the 2019-2023 time span. The population that is the focus of this research is exporter companies listed on the IDX, with a total of 50 companies with a purposive sampling method, Data analysis was carried out using SEM-PLS version 3.2.9. The research results in this study are Profitability has a positive and significant effect on firm value. company size has a negative and significant effect on firm value. business risk has a positive and insignificant effect on firm value. profitability has a positive and significant effect on firm value. company size has a negative and significant effect on firm value. business risk has a positive and insignificant effect on firm value. capital structure has a negative and significant effect on firm value. Profitability has a negative and significant effect on capital structure. firm size has a positive and insignificant effect on capital structure. business risk has a positive and insignificant effect on capital structure.
Insights From Recent Literature on Economic Development and Empowerment in Indonesia Berliana Iffada; Fiskia Syafa’ati; Wisnu Mawardi
Arthatama: Journal of Business Management and Accounting Vol. 7 No. 1 (2023)
Publisher : LifeSciFi

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Abstract

This paper examines the economic development challenges and opportunities in Indonesia, focusing on regional disparities, poverty alleviation, and sustainable growth. Through an analysis of various studies, it highlights the importance of addressing issues such as demographic pressures, inadequate infrastructure, financial constraints, and systemic inequalities that hinder development, especially in remote and vulnerable regions. The research emphasizes the need for targeted government intervention, infrastructure investment, and policies that promote inclusive growth and empower marginalized communities. Additionally, the paper explores the role of sustainable innovation, particularly in agriculture, fisheries, and tourism, as a means to drive inclusive economic development. The potential of the green economy and digital technologies is also discussed, with a focus on how these sectors can contribute to environmental sustainability and job creation. The study calls for comprehensive, well-designed policies that align economic development with social welfare and environmental goals, ensuring long-term prosperity for all segments of the population. Overall, the findings suggest that Indonesia’s future economic success depends on strategic efforts to integrate sustainable practices, improve infrastructure, and foster inclusive growth at both the national and local levels.