scholarly journals THE INFLUENCE OF FINANCIAL MANAGEMENT FUNCTION TOWARDS COMPANY'S SKILLS AND VALUES IN INDONESIA’S CONSUMPTION GOODS INDUSTRY

2019 ◽  
Vol 7 (10) ◽  
pp. 195-212
Author(s):  
Adisthy Shabrina Nurqamarani ◽  
LCA. Robin Jonathan ◽  
Theresia Militina
Keyword(s):  
Consumer Goods ◽  
Financial Management ◽  
Firm Value ◽  
Investment Decisions ◽  
Path Coefficient ◽  
Corporate Value ◽  
Data Types ◽  
Dividend Policies ◽  
Consumer Goods Industry ◽  
Management Functions

This study aims to analyze and determine the effect of financial management functions in the form of investment decisions, funding decisions and dividend policies on profitability and corporate value in publicly listed companies within consumer goods industry in Indonesia during 2013-2015. The population of the consumer goods industry sector that went public (www.idx.co.id) was 37 issuers and examined the financial statements of 32 issuers that distributed dividends in 2013-2015. This research is a quantitative study of causality among several variables. The data used are cross section data and secondary data types in the form of financial reports published on the Indonesia Stock Exchange, literature and research from other parties. By using financial ratios related to financial management functions: investment decisions, funding decisions, dividend policy as an independent variable and profitability and firm value as the dependent variable, using path analysis assisted with the SPSS version 20, can be seen the magnitude of influence shown by the path coefficient on each path diagram of the causal relationship between the independent variables to the dependent variable. The results showed that the functions of financial management have a significant effect on profitability. Investment decisions and profitability of companies have a positive and significant effect on firm value, while funding decisions and dividend policies have no significant effect on firm value. Proficiency does not have a significant effect in mediating the functions of financial management on firm value. But in terms of probability, it helped strengthen the influence of financial management functions on corporate value.

scholarly journals Peranan Keputusan Investasi dan Pendanaan Pengaruhnya Terhadap Nilai Perusahaan Melalui Kinerja Keuangan

2019 ◽  
Vol 3 (1) ◽  
pp. 1-12
Author(s):  
AINUN JARIAH
Keyword(s):  
Financial Performance ◽  
Financial Management ◽  
Firm Value ◽  
Investment Decisions ◽  
Multiple Correlation Coefficient ◽  
Corporate Value ◽  
Manufacturing Companies ◽  
Financial Decisions ◽  
Financing Decisions ◽  
Management Functions

Abstract Enterprise value is important to the company because it describes the welfare of the owner. Implementation of prudent and appropriate financial management functions will have an impact on company value. Financial decisions in the view of financial management include investment decisions, funding, and dividends. This study aims to determine the effect of investment decisions and funding decisions directly and indirectly, partially or simultaneously to the financial performance and value of manufacturing companies in Indonesia. The number of samples is 22 consumer goods manufacturing companies that routinely publish financial reports during the study period. The results showed that partially only investment decisions that affect the financial performance and corporate value. Simultaneously significant effect on financial performance and firm value. The value of multiple correlation coefficient (R) is 0.953 with significance 0.000, which means there is significant relationship with firm value. While the value of determination coefficient (R square) of 0.908 or 90.8% means investment decisions and financing decisions are able to explain the effect on corporate value variables together 90.8% and the rest of 9.2% explained by other variables.

scholarly journals ANALISIS PENGARUH LIKUIDITAS SAHAM TERHADAP NILAI PERUSAHAAN MELALUI KEPUTUSAN MANAJEMEN KEUANGAN (STUDI PADA PERUSAHAAN LQ45 DI BURSA EFEK INDONESIA, PERIODE 2016 - 2018)

2020 ◽  
Vol 7 (1) ◽  
Author(s):  
Giovanni Edward Margali ◽  
Marjam M. Mangantar ◽  
Ivonne S. Saerang
Keyword(s):  
Indirect Effect ◽  
Financial Management ◽  
Firm Value ◽  
Stock Exchange ◽  
Investment Decisions ◽  
Market Liquidity ◽  
Company Performance ◽  
Management Decisions ◽  
Stock Liquidity ◽  
Dividend Policies

LQ 45 is one of the indices on the Indonesia Stock Exchange (IDX), where indexes are obtained by calculating with valuations such as liquidity, in the sense. There are compelling reasons to think that market liquidity will affect company performance. Because of the level of selling power of these shares, it plays a central role in corporate governance, approval and performance. This research itself wants to see the effect of direct liquidity on firm value and the indirect effect of liquidity on firm value by moderating financial management decisions regarding investment decisions, dividend policies and purchasing decisions.In this study,the researchers found that stock liquidity directly affected the value of the company, and stock liquidity did not affect financial management decisions (investment decisions, dividend policies and funding decisions) which would later have an indirect effect on firm value.Keywords : stock liquidity, investment decisions, dividend policy, funding decisions, company value.

scholarly journals PENGARUH KEPUTUSAN INVESTASI, KEPUTUSAN PENDANAAN DAN KEBIJAKAN DEVIDEN TERHADAP NILAI PERUSAHAAN

2020 ◽  
Vol 14 (1) ◽  
Author(s):  
Tania Ivanna A. Tanto ◽  
Aaron M. A. Simanjuntak ◽  
Bill J.C Pangayow
Keyword(s):  
Financial Management ◽  
Firm Value ◽  
Stock Price ◽  
Stock Exchange ◽  
Investment Decision ◽  
Investment Decisions ◽  
Sampling Technique ◽  
Dividend Policies ◽  
Company Value ◽  
Financial Decision

The value of the company is very important because the high value of the company will be followed by the high prosperity of shareholders. The higher the stock price, the higher the value of the company, in order to achieve company value, investors generally give their management to professionals. Optimizing company value can be achieved through the implementation of financial management functions, where one financial decision taken will influence other financial decisions and have an impact on the value of the company. This study aims to determine the effect of investment decisions, funding decision taken will influence other financial decision and have an impact on the value of the company. This study aims to determine the effect of investment decisions, funding decisions and dividend policies on firm value. The population in this study are all companies listed on the Indonesia Stock Exchange for the period 2014-2016 while sample selection using purposive sampling technique obtained 89 companies that will be used as samples in this study. The hypothesis testing uses multiple regression analysis. The results of the study partially show that investment decision affect the value of the company, funding decisions do not affect the value of the company and dividend policy does not affect the value of the company. While the simultaneous research resultshows that investment decisions, funding decisions and dividend policies have a significant effect on firm value

scholarly journals Factors that Infl uence the Firm Value in Consumer Goods Sector Companies Listed on the Indonesia Stock Exchange 2013 – 2017

2018 ◽  
Vol 8 (1) ◽  
pp. 57
Author(s):  
Amilus Sholikhah
Keyword(s):  
Consumer Goods ◽  
Financial Management ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Investment Decision ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Management Functions ◽  
Debt Policy

Firm value is the price of company’s stock in the capital market that must be paid by an investor if he wants to own the company. Every company aims to maximize the fi rm value because with a high fi rm value, investors assume that the company’s performance is better and has prospects in the future so that investors will be interested to invest in the company. Optimizing the fi rm value can be done with the implementation of fi nancial management functions. Financial management involves decisions made by the company. This research aims to fi nd out the infl uence of dividend policy, debt policy, investment decision, and profi tability on the fi rm value. The population in this study is consumer goods sector companies listed on the Indonesia Stock Exchange (IDX) period 2013-2017. A sample of 12 companies is obtained by using purposive sampling method. Analysis techniques used are statistical analysis and multiple linear regression analysis with SPSS 16. The results of this study show that the variables of dividend policy, debt policy, investment decision, and profi tability have an effect on the fi rm value.

scholarly journals The effect of Leverage and Profitability on Corporate Value with Dividend Policy as Moderating Variables (Manufacturing Companies in the Consumer Goods Industry which were Listed on the Indonesia Stock Exchange (Idx) for the Period 2016 – 2018)

2021 ◽  
pp. 10-21
Author(s):  
Sely Megawati Wahyudi
Keyword(s):  
Consumer Goods ◽  
Firm Value ◽  
Sampling Method ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Financial Statements ◽  
Corporate Value ◽  
Manufacturing Companies ◽  
Moderating Variables ◽  
Consumer Goods Industry

This study aims to examine and examine the effect of Leverage dan Profitability on Firm Value with dividend policy as moderating variables. The data used in this study are secondary in the form of financial statements of each sample company reported to the IDX from 2016-2018, sourced from the Indonesia Stock Exchange (IDX) website, namely www.IDX.co.id The sample used in this study were 13 companies from 43 manufacturing companies in the consumer goods industry which were listed on the Indonesia Stock Exchange (IDX) for the period 2016 - 2018. The sample was performed using a purposive sampling method. The data analysis used in this research is multiple regression analysis. This study produces Leverage that has no significant effect on firm value, while profitability has a significant effect on firm value. Dividend policy can moderate the effect of profitability on firm value and dividend policy can moderate the effect of leverage on firm value.

Pengaruh Keputusan Investasi, Kebijakan Hutang Dan Kebijakan Dividen Terhadap Nilai Perusahaan

2019 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Ivan Somantri ◽  
Hadi Ahmad Sukardi
Keyword(s):  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Investment Decisions ◽  
Sampling Technique ◽  
Mining Sector ◽  
Dividend Policies ◽  
Negative Effect ◽  
Debt Policy ◽  
Debt Policies

This study aims to determine how to influence simultaneously and partially investment decisions, debt policy and dividend policy on firm value in mining sector companies listed on the Indonesia Stock Exchange for the period 2013-2017. The research method used in this study is descriptive and associative methods. The population in this study were mining sector companies listed on the Indonesia Stock Exchange in the period 2013-2017, which amounted to 43 companies. The sampling technique used in this study is non probability sampling with purposive sampling method, so that the number of samples obtained is 8 companies. While the data analysis used in this study is panel data regression analysis with the fixed effect method. The results of the study show that partially investment decisions and debt policies have a positive effect on firm value. While dividend policy has a negative effect on firm value. In addition, the results of the study simultaneously show that investment decisions, debt policies and dividend policies affect the value of the company. The amount of investment decisions, debt policy and dividend policy in contributing influence to earnings management is 34.14%.

Pengaruh Struktur Kepemilikan Terhadap Manajemen Laba dan Dampaknya Terhadap Nilai Perusahaan

2020 ◽  
Vol 1 (2) ◽  
Author(s):  
Rita Tri Yusnita
Keyword(s):  
Earnings Management ◽  
Ownership Structure ◽  
Consumer Goods ◽  
Firm Value ◽  
Stock Exchange ◽  
Secondary Data ◽  
Industry Sector ◽  
Company Value ◽  
Partial Ownership ◽  
Consumer Goods Industry

This study aims to determine the effect of simultaneous and partial ownership structure and earnings management on firm value in the Consumer Goods Industry Sector Companies that are listed on the Indonesia Stock Exchange in 2014. The method used in this study is the census method. The population studied was 32 companies in the Consumer Goods Industry Sector that were listed on the Indonesia Stock Exchange in 2014. The data collected were secondary data. Analysis of the data in this study used path analysis using SPSS V. 24. The results showed that the ownership structure and earnings management, simultaneously, had a significant effect on the value of the company in the Consumer Goods Industry Sector Companies that were listed on the Indonesia Stock Exchange in 2014. The ownership structure, partially, has no significant effect on the value of the company in the Consumer Goods Industry Sector Companies listed on the Indonesia Stock Exchange in 2014. Earnings management, partially, has a significant effect on the firm value of the Consumer Goods Industry Sector Companies that are listed on the Exchange Indonesian Securities in 2014, and ownership structure does not significantly influence earnings management in the Consumer Goods Industry Sector Companies that are listed on the Indonesia Stock Exchange in 2014. Keywords: ownership structure, earnings management, company value

scholarly journals PENGARUH STRUKTUR MODAL TERHADAP PROFITABILITAS DAN NILAI PERUSAHAAN PADA PERUSAHAAN BATUBARA YANG GO-PUBLIC DI INDONESIA

2019 ◽  
Vol 3 (1) ◽  
pp. 97
Author(s):  
LCA Robin Jonathan ◽  
Theresia Militina
Keyword(s):  
Capital Structure ◽  
Coal Mining ◽  
Financial Management ◽  
Firm Value ◽  
Stock Exchange ◽  
Secondary Data ◽  
Selling Price ◽  
Data Types ◽  
Leverage Ratio ◽  
Mining Companies

This study aims to analyze and determine the effect of the projected capital structure in the leverage ratio on profitability and company value in coal companies that go public in Indonesia in 2013-2015 both directly and indirectly.With the improvement in the selling price of coal today, it is a breath of fresh air for coal mining companies to start their activities. The decision on the proportion between debt and equity is very important. Modigliani and Miller said that the use of debt would be more profitable than the capital itself. The main objective of financial management is to maximize the value of the company. From managed business activities, profits are obtained. The problem is whether the capital structure has a significant effect on profitability and firm value. The development of coal mining companies in Indonesia has good prospects because it is very much needed for the energy industry by generating electricity with coal. The mining and mining service companies listed on the Indonesia Stock Exchange in 2013-2015 were 42 companies and 23 of them were coal mining companies whose financial reports were examined at the same time period. This study uses path analysis with cross section data and secondary data types in the form of financial statements published on the Indonesia Stock Exchange. The results of the study show that directly, capital structure has no significant effect on profitability and has a negative and significant effect on firm value. Profitabitas has no significant effect on firm value. Indirectly, profitability has no significant effect in mediating the relationship of capital structure to firm value.

scholarly journals PENGARUH LEVERAGE DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL MEDIASI

2019 ◽  
Vol 8 (5) ◽  
pp. 3028
Author(s):  
Ni Putu Ira Kartika Dewi ◽  
Nyoman Abundanti
Keyword(s):  
Firm Size ◽  
Consumer Goods ◽  
Firm Value ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Significant Positive Effect ◽  
Analysis Technique ◽  
Negative Effect ◽  
Consumer Goods Industry ◽  
Positive Effect

The purpose of this study was to determine the effect of  leverage and  firm size on firm value with profitability as intervening variable on consumer goods industry  in the Indonesian Stock Exchange. The population in this study are companies in the consumer goods industry Indonesian Stock Exchange amounted to 46 companies 2014-2017. Sampling technique used was purposive sampling, so that the final sample that is obtained is 21, a company incorporated in consumer goods industry in Indonesian Stock Exchange 2014-2017. Data analysis technique used in this research is path analysis and Sobel test. The result shows that leverage has significant negative effect on profitability  and firm size has significant positive effect on profitability. Leverage, firm size, and profitability have significant positive effect on firm value. Profitability mediates the effect of leverage on firm value significantly and profitability also mediates the effect of firm size  on firm value significantly.

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