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The Effect of Profitability and Leverage on Firm Value with Dividend Policy as an Intervening Variable in Manufacturing Companies Listed on the Indonesia Stock Exchange for the Period 2021–2024 Pransiskus Sitinjak; Sarida Sirait; Eko Deswin M. Siringo-Ringo
Journal of Management and Business Analytics Vol. 2 No. 1 (2026): January
Publisher : CV. ADMITECH SOLUTIONS

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Abstract

This research aims to determine how profitability and leverage affect firm value with dividend policy as an intervening variable in manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2021-2024 period. Firm value is a crucial indicator for assessing business performance and sustainability, while profitability and leverage are key factors that can influence investment decisions and profit distribution. Dividend policy, in itself, acts as a signal to investors regarding the company's financial condition. This study uses the multiple linear regression method with data obtained through the companies' annual reports on the IDX. Profitability is measured using Return On Assets (ROA), Leverage is measured by the Debt to Equity Ratio (DER), Firm Value is measured by the Price to Book Value (PBV), and Dividend Policy is measured by the Dividend Payout Ratio (DPR). The results of this study indicate that profitability and leverage have a significant effect on firm value. However, leverage does not have a significant effect on dividend policy, and dividend policy cannot mediate the leverage variable's effect on firm value.
The Influence of Work Environment and Workload on Employee Performance with Work Motivation as an Intervening Variable at the Department of Population and Civil Registration of Pematangsiantar City Arjunansi Samosir; Sarida Sirait; Hengki Mangiring Parulian Simarmata
Journal of Management and Business Analytics Vol. 2 No. 1 (2026): January
Publisher : CV. ADMITECH SOLUTIONS

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Abstract

The purpose of this study is to find out the influence of work environment and workload on employee performance with work motivation as an intervening variable at the Population and Civil Registration Office of Pematangsiantar City. This study uses quantitative descriptive. The population used in this study is all employees of the Population and Civil Registration Office of Pematangsiantar City which is 46 people who work in all divisions. The data collection technique uses questionnaires. The results of this study show that the work environment has a positive but insignificant effect on employee performance, the work environment has a positive and significant effect on work motivation, workload has a positive but insignificant effect on employee performance, workload has a positive and significant effect on work motivation, work motivation has a positive and significant effect on employee performance, work environment has a positive and significant effect on performance Employees through work motivation, workload has a positive but not significant effect on employee performance through motivation.
The Influence of Work Motivation Work Discipline Work Environment and Job Satisfaction on Employee Performance at PT. Pos Indonesia (Persero) Pematangsiantar Fajar Suryani Manurung; Sarida Sirait; Calen
Journal of Management and Business Analytics Vol. 2 No. 1 (2026): January
Publisher : CV. ADMITECH SOLUTIONS

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Abstract

Employee performance is a crucial factor in determining a company's success in achieving its goals. Every company expects its employees to perform well, thus requiring work motivation, discipline, a supportive work environment, and job satisfaction. This study aims to determine and analyze the influence of work motivation, discipline, the work environment, and job satisfaction on employee performance at PT. Pos Indonesia (Persero) Pematangsiantar. This study used a quantitative approach with descriptive methods. The study population was all 46 employees of PT. Pos Indonesia (Persero) Pematangsiantar, representing 46 respondents working across all divisions within the company. Data analysis was performed using multiple linear regression using SPSS 22. The results indicate that work motivation has a positive and significant effect on employee performance, work discipline has a positive and no significant effect on employee performance, the work environment has a negative but significant effect on employee performance, and job satisfaction has a positive and significant effect on employee performance. Simultaneously, work motivation, discipline, the work environment, and job satisfaction have a significant effect on employee performance at PT. Pos Indonesia (Persero) Pematangsiantar.