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Contact Name
Randika Fandiyanto
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jementrepreneurship@gmail.com
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+6285746814826
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Jl. Pb. Sudirman No.7, Karangasem, Patokan, Kec. Situbondo, Kabupaten Situbondo, Jawa Timur 68312
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INDONESIA
Jurnal Mahasiswa Entrepreneur
ISSN : 29648750     EISSN : 2964898X     DOI : https://doi.org/10.36841/jme.v2i2
Jurnal Mahasiswa Entrepreneurship (JME) Fakultas Ekonomi dan Bisnis Universitas Abdurachman Saleh Situbondo adalah jurnal yang ditulis oleh mahasiswa FEB UNARS sebagai jembatan antara ilmu dan praktek manajemen. JME mempublikasikan artikel baik berupa telaah pustaka maupun hasil penelitian empiris. JME menerima naskah dari berbagai bidang atau disiplin ilmu, seperti Keuangan, Manajemen Strategi, Pemasaran , Operasional dan Kewirausahaan . Kriteria utama untuk dapat diterima di JME adalah kemampuan untuk memberikan sumbangsih bagi perkembangan ilmu ekonomi khususnya manajemen. JME menerima kiriman naskah/artikel dalam bahasa Indonesia atau Inggris dan harus dinyatakan bahwa naskah yang dikirim tersebut, tidak dikirim atau belum pernah dipublikasikan dalam jurnal lainnya. Keputusan tentang pemuatan artikel dalam JME diambil melalui proses blind review oleh Dewan Redaksi dengan mempertimbangkan antara lain : orisinilitas, aktualitas serta signifikansi kontribusi artikel terhadap pengembangan ilmu pengetahuan maupun praktik dalam dunia nyata. Dewan redaksi akan memberikan telaah konstrutif dan jika dipandang perlu, menyampaikan hasil evaluasi kepada penulis artikel untuk ditanggapi dan didiskusikan. Untuk revisi kecil (minor revision), naskah yang telah diperbaiki bisa langsung mendapat persetujuan untuk dimuat. Artikel yang tidak memenuhi kriteria yang ditetapkan akan dikembalikan.
Articles 2 Documents
Search results for , issue "Vol 5 No 2 (2026): FEBRUARI" : 2 Documents clear
PENGARUH PROFITABILITY, CAPITAL STRUCTURE DAN FIRM SIZE TERHADAP FIRM VALUE DENGAN INVESTMENT OPPORTUNITY SET SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN LQ45 YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2022-2024 Jannah, Alfa Ayu Miftakhul; Wahyuni, Ika; Sari, Lita Permata
Jurnal Mahasiswa Entrepreneurship (JME) Vol 5 No 2 (2026): FEBRUARI
Publisher : Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36841/jme.v5i2.8193

Abstract

The capital market serves as a funding source for companies and an investment medium for the public in financial instruments. The existence of the capital market aims to provide long-term capital sources for the business world while creating income distribution through public stock ownership. This study aims to analyze and test the influence of profitability, capital structure, and firm size on firm value with the investment opportunity set as an intervening variable in LQ45 index companies listed on the Indonesia Stock Exchange for the 2022-2024 period. This research is a quantitative study with a causal approach aimed at explaining the relationships between variables. The population in this study consists of companies listed in the LQ45 index during the observation period. The sampling technique was determined using a purposive sampling method. Data analysis and hypothesis testing in this study utilize Structural Equation Modeling – Partial Least Square (PLS-SEM). The results of the direct effect hypothesis testing using the SmartPLS 3.0 application show that capital structure and firm size have a significant effect on firm value. Profitability and the investment opportunity set were found to have no significant effect on firm value. Profitability, capital structure, and firm size also do not significantly affect the investment opportunity set. The results of the indirect effect test indicate that the investment opportunity set is unable to mediate the influence of profitability, capital structure, or firm size on firm value.
PENGARUH CURRENT RATIO (CR), RETURN ON ASSETS (ROA) DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN DENGAN HARGA SAHAM SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN PROPERTY DAN REAL ESTATE YANG TERDAFTAR DI BEI PERIODE 2022-2024 Wijoyo, M. Hartono Cahyo; Wahyuni, Ika; Subaida, Ida
Jurnal Mahasiswa Entrepreneurship (JME) Vol 5 No 2 (2026): FEBRUARI
Publisher : Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36841/jme.v5i2.8223

Abstract

This study aims to determine the effect of Current Ratio (CR), Return on Assets (ROA), and Capital Structure on firm value, with stock price as an intervening variable, in property and real estate companies listed on the Indonesia Stock Exchange (IDX) for the period 2022-2024. This study employed purposive sampling and selected 11 sample companies. The data analysis tool used in this study was smartPLS 3.0. The data analysis methods employed in this study included classical assumption tests consisting of multicollinearity and normality tests, coefficient of determination tests, structural equation analysis (inner model), and research hypothesis testing. The results of the direct effect hypothesis test indicate that Current Ratio (CR) has a negative but insignificant effect on stock price, Return on Assets (ROA) has a positive but insignificant effect on stock price, and Capital Structure has a negative but insignificant effect on stock price. Furthermore, Current Ratio (CR) has a positive but insignificant effect on firm value, Return on Assets (ROA) has a significant positive effect on firm value, and Capital Structure has a negative but insignificant effect on firm value. Meanwhile, stock price has a significant positive effect on firm value. The results of the indirect effect test indicate that the Current Ratio (CR) on firm value through stock price has a negative but insignificant effect, Return on Assets (ROA) on firm value through stock price has a positive but insignificant effect, and capital structure on firm value through stock price has a negative but insignificant effect.

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