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INDONESIA
Journal of Business Economics and Management
ISSN : -     EISSN : 30638968     DOI : https://doi.org/10.62379/jbem
Core Subject : Economy,
Journal of Business Economics and Management (E-ISSN : 3063-8968) published by Global Sciences Publishers. The Journal of Business Economics and Management provides a forum for Students and Lecturers to explore issues and reflect on quantitative research. Journal of Business Economics and Management is an online journal dedicated to the publication of high quality research that focuses on the implementation of research focused in the fields of Management and Business. The mission of the Journal of Business Economics and Management is to be the leading peer-reviewed interdisciplinary journal to advance theory and practice related to all forms of research especially in Management and Business.
Articles 349 Documents
Pengaruh System Arus Kas, Pengendalian Internal Dan Struktur Modal Terhadap Kinerja Keuangan Dengan Ukuran Perusahaan Sebagaivariabel Moderating Pada Perusahaan Property Dan Real Estate Yang Terdaftar Dibursa Efek Indonesia Periode 2020- 2024 Zulianty, Sari Desri; Petra, Berta Agus; Edriani, Devi
Journal of Business Economics and Management | E-ISSN : 3063-8968 Vol. 2 No. 3 (2026): Januari - Maret
Publisher : GLOBAL SCIENTS PUBLISHER

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Abstract

This study aims to analyze the influence of cash flow systems, internal control, and capital structure on financial performance, with company size as a moderating variable. The study was conducted on property and real estate companies listed on the Indonesia Stock Exchange (IDX) from 2020 to 2024. Purposive sampling was used to select 15 companies from a population of 92. The data were analyzed using panel data regression analysis. The results indicate that cash flow systems have a significant partial effect on financial performance, while internal control has no significant partial effect on financial performance. Capital structure, while moderated by company size, has no significant effect on financial performance.
Pengaruh Profitabilitas Dan Likuiditas Terdhadap Nilai Perusahaan Dengan Struktur Modal Sebagai Variabel Intervening Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Periode 2020-2024 (Sektor Industri Barang Konsumsi) Khairiska Afra; Elfiswandi, Elfiswandi; Muhammad Pondrinal
Journal of Business Economics and Management | E-ISSN : 3063-8968 Vol. 2 No. 3 (2026): Januari - Maret
Publisher : GLOBAL SCIENTS PUBLISHER

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This study aims to analyze the effect of profitability and liquidity on firm value with capital structure as an intervening variable in manufacturing companies in the consumer goods industry sector listed on the Indonesia Stock Exchange (IDX) during the period 2020-2024. This study uses secondary data in the form of annual finansial statements with a sample of 40 companies. Firm value is proxied by price book value (PBV), profitability by Return on Assets (ROA), liquidity by Current Rasio (CR), and capital structure by Debt to Equity Ratio (DER). The analytical methods employed include descriptive statistical analysis, classical assumption tests, multiple regression analysis, path analysis, and mediation testing using SPSS version 26. The results indicate that (1) profitability has a negative and significant effect on capital structure, (2) liquidity has a negative and significant effect on capital structure, (3) profitability has a positive and significant effect on firm value, (4) liquidity has a negative and significant effect on firm value, (5) capital structure has a positive and significant effect on firm value, (6) capital stucture is not able to mediate the reletionship between profitability and firm value, and (7) capital structure able to mediate the relationship between liquidity and firm value..
Pengaruh Profitabilitas Dan Ukuran Perusahaan Terhadap Manajemen Laba Dengan Struktur Modal Sebagai Variabel Intervening Pada Perusahaan Manufaktur Sektor Industrials Yang Terdaftar Di BEI Tahun 2020-2024 Winna Rahma Julita; Elfiswandi, Elfiswandi; Putri Intan Permata Sari
Journal of Business Economics and Management | E-ISSN : 3063-8968 Vol. 2 No. 3 (2026): Januari - Maret
Publisher : GLOBAL SCIENTS PUBLISHER

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Abstract

This study aims to analyze the effect of profitability and firm size on earnings management with capital structure as an intervening variable in manufacturing companies in the industrials sector listed on the Indonesia Stock Exchange (IDX) during the period 2020–2024. This research employs secondary data obtained through documentation studies of companies’ financial statements accessed from the official IDX website (www.idx.co.id). The population of this study consists of 65 manufacturing companies in the industrials sector. Using a purposive sampling method, 17 companies were selected as the research sample. The data analysis methods include descriptive statistical analysis, classical assumption tests, multiple linear regression analysis, hypothesis testing, and path analysis.The results indicate that profitability and firm size have an effect on capital structure. Partially, profitability and firm size do not have a direct effect on earnings management, whereas capital structure has a significant effect on earnings management. However, the path analysis results show that profitability and firm size affect earnings management through capital structure as an intervening variable. Thus, capital structure is proven to mediate the relationship between profitability and earnings management as well as the relationship between firm size and earnings management. These findings indicate that corporate financing decisions play an important role in encouraging earnings management practices, particularly in manufacturing companies in the industrials sector. This study is expected to provide empirical contributions to the development of financial management theory and serve as a consideration for company management, investors, and regulators in improving the quality of financial reporting.
Pengaruh Earning Per Share (Eps), Return On Asset (Roa), Dan Nilai Tukar Terhadap Harga Saham Pada Perusahaan Perbankan Yang Terdaftar Di Bei Tahun 2021-2023 Rahmawinata, Ferdi; ., Elfiswandi; Dewi, Rindy Citra
Journal of Business Economics and Management | E-ISSN : 3063-8968 Vol. 2 No. 3 (2026): Januari - Maret
Publisher : GLOBAL SCIENTS PUBLISHER

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This study aims to analyze the effect of Earnings Per Share (EPS), Return on Assets (ROA), and exchange rates on stock prices in banking companies listed on the Indonesia Stock Exchange (IDX) for the period 2021-2023. This research is quantitative. The sample was determined using a purposive sampling method to select companies that meet the research criteria. Data analysis methods used included descriptive statistical analysis, classical assumption tests, multiple linear regression analysis, and hypothesis testing. Data processing in this study used SPSS 25 software. The results indicate that EPS, ROA, and exchange rates partially significantly influence stock prices. EPS, ROA, and exchange rates simultaneously significantly influence stock prices. Based on these results, it is recommended that future researchers extend the observation period and include other variables that could potentially influence company value to obtain more comprehensive results.
Pengaruh Pengawasan Dan Disiplin Kerja Terhadap Kinerja Pegawai Dengan Keterlibatan Pegawai Sebagai Variabel Intervening Pada Pengadilan Tinggi Padang Iskandar, Tiansy Aurora; Sari, Desi Pertama; Sari, Silvia
Journal of Business Economics and Management | E-ISSN : 3063-8968 Vol. 2 No. 3 (2026): Januari - Maret
Publisher : GLOBAL SCIENTS PUBLISHER

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This study aims to examine the effect of supervision and work discipline on employee performance with employee engagement as an intervening variable using primary data obtained by distributing questionnaires to 48 employees as respondents, namely at the Padang High Court. In this study, a structural equation analysis tool (SEM) using Partial Lears Square (PLS) was used. The results of the study indicate that supervision has a negative and insignificant effect on employee engagement, work discipline has a positive and significant effect on employee engagement, supervision has a negative and insignificant effect on employee performance, work discipline has a negative and insignificant effect on employee performance, employee engagement has a positive and significant effect on employee performance, employee engagement is unable to mediate the effect of supervision through employee performance, work discipline is able to mediate the effect of work discipline on employee performance.
Pengaruh Likuiditas dan Kualitas Aset terhadap Nilai Perusahaan dengan Kinerja Keuangan sebagai Variabel Intervening Al-Hakim , Kevin Khair
Journal of Business Economics and Management | E-ISSN : 3063-8968 Vol. 2 No. 3 (2026): Januari - Maret
Publisher : GLOBAL SCIENTS PUBLISHER

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This study aims to analyze the effect of liquidity and asset quality on firm value, with financial performance as an intervening variable, in food and beverage manufacturing companies listed on the Indonesia Stock Exchange for the 2020-2024 period. The study population included all food and beverage companies, with purposive sampling based on specific criteria. The analytical methods used included multiple linear regression and mediation analysis. The results show that liquidity has no effect on financial performance, while asset quality has no effect on financial performance. Liquidity does affect firm value. Asset quality does not affect firm value. Financial performance does not affect firm value. Liquidity does not mediate the effect on firm value through financial performance, and asset quality does not mediate the effect on firm value through financial performance. These results provide important implications for management and investors in long-term financial planning for companies in the future of the industry.
Dampak Tingkat Suku Bunga Dan Inflasi Terhadap Harga Saham Melalui Keputusan Investasi Sebagai Variabel Moderasi Pada Perusahaan Sektor Properti Di Bei Periode 2020-2024 Utami, Jesica Neldi; ., Elfiswandi; Dewi, Rindy Citra
Journal of Business Economics and Management | E-ISSN : 3063-8968 Vol. 2 No. 3 (2026): Januari - Maret
Publisher : GLOBAL SCIENTS PUBLISHER

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This study aims to examine the effect of interest rates and inflation on stock prices, with investment decisions serving as a moderating variable. The independent variables in this study are interest rates and inflation, while the dependent variable is stock prices, and the moderation variable is investment decisions. The research method used is Moderated Regression Analysis (MRA) using EViews 10 software. The results of this study indicate that interest rates have a positive and significant effect on stock prices. Inflation has a positive but insignificant effect on stock prices. The moderating effect of investment decisions on the relationship between interest rates and stock prices is positive and significant. Meanwhile, the moderating effect of investment decisions on the relationship between inflation and stock prices is positive but insignificant. This study has implications for investors in making investment decisions in the Indonesian capital market, particularly the stock market.
Pengaruh Keputusan Pendanaan Dan Keputusan Investasi Terhadap Nilai Perusahaan Dengan Harga Saham Sebagai Variabel Intervening Pada Perusahaan Manufaktur Subsektor Makanan Dan Minuman Yang Terdaftar Di Bei Periode 2020-2024 Nurhidayah, Nezy; ., Elfiswandi; Permata sari, Putri Intan
Journal of Business Economics and Management | E-ISSN : 3063-8968 Vol. 2 No. 3 (2026): Januari - Maret
Publisher : GLOBAL SCIENTS PUBLISHER

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Abstract

This study aims to analyze the influence of financing decisions, investment decisions, and firm value, with stock price as an intervening variable, on food and beverage companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. Purposive sampling was used to select companies that met the research criteria. Data analysis methods included descriptive statistical analysis, classical assumption tests, multiple linear regression analysis, hypothesis testing, and path analysis. The results indicate that financing decisions and investment decisions significantly influence stock prices. Furthermore, financing decisions and stock prices also significantly influence firm value. However, investment decisions do not significantly influence firm value. Furthermore, the analysis shows that stock prices do not mediate the effect of financing decisions on firm value, nor do they mediate the effect of investment decisions on firm value. This indicates that financing decisions and investment decisions influence firm value more directly than through the stock price mechanism.
Pengaruh Kepemilikan Manajerial Dan Ukuran Perusahaan Terhadap Kinerja Perusahaan Dengan Struktur Modal Sebagai Variabel Intervening Pada Perusahaan Manufaktur Subsektor Makanan Dan Minuman Yang Terdaftar Di BEI Tahun 2020-2024 ., Fitrianti; ., Elfiswandi; Permata sari, Putri Intan
Journal of Business Economics and Management | E-ISSN : 3063-8968 Vol. 2 No. 3 (2026): Januari - Maret
Publisher : GLOBAL SCIENTS PUBLISHER

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This study aims to determine the effect of managerial ownership and company size on company performance, with capital structure as an intervening variable, listed in the food and beverage sub-sector manufacturing companies on the Indonesia Stock Exchange. The population in this study consisted of 99 food and beverage sub-sector manufacturing companies. The sample in this study was taken using a purposive sampling method, obtaining a sample of 16 companies. The data analysis method in this study used descriptive statistical analysis, classical assumption tests, multiple linear regression tests, hypothesis tests, and path analysis. The results of the study indicate that managerial ownership and company size have a significant influence on capital structure. In addition, company size and capital structure have a significant influence on company performance. However, managerial ownership has an insignificant effect on company performance. Furthermore, the results of the analysis show that capital structure is unable to mediate the effect of managerial ownership on company performance, and is unable to mediate the effect of company size on company performance. This indicates that managerial ownership and company size influence company performance more directly than through capital structure mechanisms. It is hoped that food and beverage sub-sector manufacturing companies can improve the related variables in the study so that they can achieve their stated company goals.
Pengaruh Suku Bunga, Return On Assets, Dan Debt To Equity Ratio Terhadap Nilai Perusahaan Melalui Harga Saham Sebagai Variabel Intervening Pada Perusahaan Energi Di Bursa Efek Indonesia Periode 2021-2024 Assalam, Mardho Tillahi; ., Elfiswandi; Permata Sari, Putri Intan
Journal of Business Economics and Management | E-ISSN : 3063-8968 Vol. 2 No. 3 (2026): Januari - Maret
Publisher : GLOBAL SCIENTS PUBLISHER

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This study aims to analyze the effect of interest rates, Return on Assets (ROA), and Debt to Equity Ratio (DER) on firm value with stock price as an intervening variable in energy sector companies listed on the Indonesia Stock Exchange (IDX) during the 2021-2024 period. The sample was selected using a purposive sampling method to obtain companies that met the research criteria. The data analysis methods employed include descriptive statistical analysis, classical assumption tests, multiple linear regression analysis, hypothesis and path analysis. The results indicate that interest rates do not have a significant effect on stock prices or firm value. Return on Assets (ROA) and Debt to Equity Ratio (DER) have a positive and significant effect on firm value. Furthermore, stock price does not have a significant effect on firm value and therefore does not mediate the relationship between ROA and firm value, nor between DER and firm value. Thus, stock price does not function as an intervening variable in this study. Based on these findings, future research is recommended to extend the observation period and include additional variables that may influence firm value in order to obtain more comprehensive results.