scholarly journals THE EFFECT OF ASSET STRUCTURE, CAPITAL STRUCTURE, MACRO ECONOMY AND FINANCIAL RISK MANAGEMENT ON THE VALUE OF THE FIRM IN COMPANIES LISTED ON THE JAKARTA ISLAMIC INDEX

2019 ◽  
Vol 7 (12) ◽  
pp. 99-107
Author(s):  
Solichah Solichah
Keyword(s):  
Risk Management ◽  
Capital Structure ◽  
Capital Market ◽  
Quantitative Research ◽  
Financial Risk ◽  
Stock Exchange ◽  
Secondary Data ◽  
Research Data ◽  
Sampling Techniques ◽  
Financial Risk Management

The Islamic capital market has importtant roles, they are as a source of funding for companies for business development through the issuance of syari’ah securities, as a means of syari’ah  securities for syari’ah capital market investors that are universal, can be utilized by anyone regardless of ethnic, religion and racial backgrounds. The purpose of this research  to 1) examine, analyze and prove the Asset Structure, Capital Structure, Macroeconomics of Financial Risk Management, 2) examine, analyze and prove the Asset Structure, Capital Structure, Macroeconomics of the Value of the Firm, 3) examine, analyze and prove Financial Risk Management to the Value of the Firm. The population and sample in this study were 16 syri’ah stock companies listed on the Jakarta Islamic Index, from 2013 to 2017, with keriteria and saturated sampling techniques. This type of research is quantitative research secondary data research data obtained by IDX (Indonesia stock exchange) webset. Data examining techniques using PLS test equipment.  The results show that the t-statistic: means: asset structure had no significant effect on financial risk management: means: asset structure had a significant effect on the value of the firm:  means: capital structure has a significant effect on financial risk management: means: capital structure has no significant effect on the value of the firm:  means: macro economic has a significant effect on financial risk management: giving the meaning of macro economic significantly influencing the value of the firm: giving the meaning of financial risk management having a significant effect on the value of the firm. Conclusions of the study 1) Asset structure has no effect and no significant effect on financial risk management, 2) Asset structure influences and significantly affects the value of the firm, 3) Capital structure influences and significantly affects financial risk management, 4) Capital structure has no effect and is insignificant on the value of the firm, 5) Macroeconomic influences and significantly on financial risk management, 6) Macroeconomics influential and significant on the value of the firm, 7) Financial risk management influences and significantly on the  value of the firm

scholarly journals THE EFFECT OF ASSET STRUCTURE, CAPITAL STRUCTURE, AND MACRO ECONOMICS ON FINANCIAL RISK MANAGEMENT, PROFITABILITY PERFORMANCE, GOING CONCERN AND VALUE OF THE FIRM AND GCG AS MODERATED VARIABLES IN COMPANIES LISTED IN JAKARTA ISLAMIC INDEX

2019 ◽  
Vol 3 (03) ◽  
Author(s):  
Solichah Solichah ◽  
Tri Ratnawti ◽  
Srie Hartutie Moehaditoyo
Keyword(s):  
Risk Management ◽  
Capital Structure ◽  
Quantitative Research ◽  
Financial Risk ◽  
Sampling Method ◽  
Stock Exchange ◽  
Research Data ◽  
Financial Risk Management ◽  
Going Concern ◽  
Testing Techniques

The population in this study were 30 sharia stock companies listed on the Jakarta Islamic Index in the period 2013 to 2017. The research sample of 16 companies were selected using a purposive sampling method with certain criteria. This type of research is quantitative research, with research data obtained from the IDX website (Indonesia stock exchange) and data testing techniques using PLS test equipment. The results showed that 1) asset structure has no significant effect on financial risk management, 2) asset structure has a significant effect on profitability performance, 3) asset structure has a significant effect on going concern 4) asset structure has a significant effect on the value of the firm 5) capital structure has significant effect on financial risk management 6) capital structure has a significant effect on profitability performance, 7) capital structure has a significant effect on going concern, 8) capital structure has no significant effect on the value of the firm, 9) macroeconomic has a significant effect on financial risk management, 10) Macroeconomic has a significant effect on profitability performance, 11) Macroeconomic has a significant effect on going concern, 12) Macroeconomic has a significant effect on the value of the firm, 13) Financial risk management has a significant effect on the value of the firm, 14) Financial Risk Ma Management has a significant effect on profitability performance, 15) Profitability performance has a significant effect on going concern, 16) Profitability performance has a significant effect on the value of the firm, 17) Going concern has a significant effect on the value of the firm 18) GCG moderates going concern has a significant effect on value of the firm 19) GCG moderates the profitability performance significantly influences the value of the firm 20) GCG moderates the financial risk management does not significantly influence the value of the firm, and at last,21) GCG significantly influences the value of the firm. Keywords: asset structure, capital structure, macroeconomic, financial risk management, profitability performance, going concern, GCG, value of the firm

scholarly journals FINANCIAL INSTRUMENTS ON COMPANY VALUE IN COMPANIES LISTED IN JAKARTA ISLAMIC INDEX (JII)

2021 ◽  
Vol 1 (3) ◽  
pp. 265-274
Author(s):  
Solichah ◽  
Dwi Dewianawati ◽  
Erry Setiawan ◽  
Agus Sunaryo
Keyword(s):  
Risk Management ◽  
Capital Structure ◽  
Firm Value ◽  
Quantitative Research ◽  
Financial Risk ◽  
Stock Exchange ◽  
Secondary Data ◽  
Problem Formulation ◽  
Financial Risk Management ◽  
Company Value

Based on the background and problem formulation, the objective is to test, analyze and prove that asset structure, capital structure, macroeconomic, financial risk management, and profitability performance affect the firm value of companies listed in JII. Researchers determine the type of quantitative research. Descriptive data analysis technique, is a technique used to analyze data by describing or describing the data that has been collected. The data used by researchers is secondary data, the data in this study were obtained from the IDX website (Indonesian Stock Exchange). So the population used in this study found 16 companies. Jakarta Islamic Index. The results of the study 1) there is no influence of asset structure on financial risk management, 2) there is an influence of asset structure on profitability performance, 3) there is an influence of asset structure on the value of the firm, 4) there is an influence of capital structure on financial risk management, 5) there is the effect of capital structure on profitability performance, 6) there is no effect of capital structure on the value of the firm, 7) there is a macroeconomic influence on financial risk management, 8) there is a macroeconomic effect on profitability performance, 9) there is a macroeconomic influence on the value of the firm, 10) there is the influence of financial risk management on the profitability performance, 11) there is the influence of financial risk management on the value of the firm, 12) there is the influence of profitability performance on the value of the firm.

FAKTOR-FAKTOR YANG MEMPENGARUHI STRUKTUR MODAL PADA PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA TAHUN 2008-2010

2014 ◽  
Vol 3 (2) ◽  
Author(s):  
Ruflah M Daud
Keyword(s):  
Capital Structure ◽  
Ownership Structure ◽  
Capital Market ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Statements ◽  
Fiscal Year ◽  
Company Size ◽  
Sampled Data ◽  
Manufacturing Companies

This study aimed to examine and analyze the effect of liquidity, profitability, company size and ownership structure on capital structure in companies listed in Indonesia Stock Exchange from 2008-2010. The population of this research is all manufacturing companies listed in Indonesia Stock Exchange for the period 2008-2010 and published financial statements on December 31 for the fiscal year 2008-2010. This was a censuses research since all population sampled. Data used in this research is secondary data in the form of financial statements in the Indonesia Stock Exchange (IDX) 2008-2010. Data collection was done by the documentation and classifies data based on the financial statements of the criteria determined. Data  required in this research obtained from the Indonesian Capital Market Directory (ICMD) and the Capital Market Reference Center (PRPM) to address the Indonesia Stock Exchange Building Tower 2 1st Floor, Sudirman street Lot 52-53 Jakarta 12190. Based on these criteria, 114 companies obtained to be the target of Population.The results of this study indicate that both simultaneously, liquidity, profitability, company size, and ownership structure affect firm capital structure. Partially, variable profitability and ownership structure has a positive effect, while the variable size of the companiy’s and liquidity negative affect the capital structure of the manufacturing companies listed in Indonesia Stock Exchange from 2008-2010.  Keywords: Liquidity, Profitability, Company Size and Ownership Structure, Capital Structure

scholarly journals Pengaruh Struktur Modal, Likuiditas, Profitabilitas dan Umur Perusahaan terhadap Kualitas Laba:

2022 ◽  
Vol 4 (3) ◽  
pp. 663-682
Author(s):  
Khoirunnisa Nur Hasanah ◽  
Teguh Erawati
Keyword(s):  
Capital Structure ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Earnings Quality ◽  
Secondary Data ◽  
Financial Statements ◽  
Financial Statement ◽  
Firm Age ◽  
Information Need

This study aims to prove the effect of capital structure, liquidity, profitability and firm age on earnings quality. The type of research used is quantitative research and secondary data. The sample of this research is mining companies listed on the Indonesia Stock Exchange (IDX) in 2017-2020 using purposive sampling. This study shows that capital structure has no significant effect on earnings quality, liquidity has no significant effect on earnings quality, profitability has no significant effect on earnings quality and firm age has no significant effect on earnings quality. The implications of this research are related to earnings quality. Investors and other users of financial statement information, need to consider the liquidity factor because this factor has a significant impact on the quality of earnings in the company. This shows that users of financial statements, especially investors, need to consider the liquidity factor when making investment decisions in affiliated companies. Keywords: Capital Structure, Liquidity, Profitability, Company Age, Earnings Quality

scholarly journals PENGARUH CAPITAL STRUCTURE TERHADAP FIRM VALUE DENGAN PROFITABILITY SEBAGAI VARIABEL INTERVENING

2020 ◽  
Vol 3 (2) ◽  
pp. 50
Author(s):  
Anisa Anisa
Keyword(s):  
Capital Structure ◽  
Interest Rates ◽  
Firm Value ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Research Result ◽  
Secondary Data ◽  
Capital Costs ◽  
Mining Companies ◽  
The One

The aim of this study was to test the effect of capital structure on firm value. Meanwhile, ‘profitability’ served as the mediating variable on the mining companies which have been go public and registered in Indonesia Stock Exchange. This study belonged to quantitative research and it was expected to successfully measure the effects between the variables. Data collection was performed by using secondary data from the official website of Indonesia Stock Exchange (BEI), which is IDX, related to the 21 mining companies registered in BEI, of which these companies achieved profits in a period of three years (2016, 2017 and 2018). Data processing was performed by using a program so-called Smart Pls 3.0. The first result of this study implied that the variable namely ‘profitability’ was the one that partially mediated the effect of the capital structure on the firm value. The second result was that no direct effect was found between capital structure and firm value. As for the next research result, profitability has no impact on the firm value. The companies with the ever growing risks would lead the creditor to increase the interest rates, resulting in the increment of the company’s average capital costs. The companies who possessed big amount of debts tended to had higher average capital costs so the values of the companies were rather falling off.       Keywords : capital structure, firm value, profitability  

scholarly journals Pengaruh Profitabilitas dan Resiko Keuangan Terhadap Harga Saham (Studi Kausal Pada PT Xl Axiata Tbk)

2020 ◽  
Vol 10 (2) ◽  
pp. 137-148
Author(s):  
Dian Maulita
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Quantitative Research ◽  
Financial Risk ◽  
Annual Report ◽  
Stock Exchange ◽  
Secondary Data ◽  
Relevant Information ◽  
Literature Study ◽  
Data Collection Technique

ABSTRAK XL Axiata Tbk merupakan perusahaan telekomunikasi swasta pertama dan sudah terdaftar di BEI. Seiring dengan berjalannya waktu banyak bermunculan perusahaan telekomunikasi swasta di Indonesia. Hal ini menyebabkan persaingan dalam meperoleh investasi semakin ketat yang berdampak pada kondisi harga saham. Penelitian ini dimaksudkan untuk menguji bagaimana pengaruh Profitabilitas dan Resiko Keuangan Terhadap Harga Saham Studi Kasus Pada PT. XL Axiata Tbk.  Penelitian ini menggunakan riset kuantitatif, yaitu menggunakan sampel yang mencerminkan populasi dalam menguji hipotesis. Data yang digunakan dalam penelitian ini adalah data sekunder yang dipublikasikan oleh Bursa Efek Indonesia berupa Annual Report. Teknik pengumpulan data yang digunakan adalah studi pustaka  dimana peneliti menghimpun informasi relevan yang berkaitan dengan topik atau masalah yang akan atau sedang diteliti. Populasi  dalam penelitian ini adalah PT. XL Axiata Tbk. Sampel dalam penelitian ini adalah Laporan Keuangan PT. XL Axiata Tbk periode 2007-2017. Hasil dari penelitian ini adalah (1) Profitabilitas berpengaruh signifikan terhadap harga saham. (2) Resiko Keuangan tidak berpengaruh signifikan terhadap harga saham (3) Profitabilitas dan Resiko Keuangan secara simultan berpengaruh signifikan terhadap harga saham. Berdasarkan hasil penelitian tersebut diharapkan dapat menjadi referensi bagi manajemen perusahaan dalam pengambilan keputusan dan menjadi referensi penelitian selanjutnya.   Kata Kunci : Profitabilitas, Resiko Keuangan, Harga Saham     ABSTRACT PT. XL Axiata Tbk is the first private telecommunications company and is listed on the IDX. Over time, many private telecommunications companies have emerged in Indonesia. This has resulted in tighter competition for investment which has an impact on stock price conditions.This research is intended to examine how the influence of Profitability and Financial Risk on Stock Prices Case Studies at PT. XL Axiata Tbk. This study uses quantitative research, namely using a sample that reflects the population in testing the hypothesis. The data used in this research is secondary data published by the Indonesia Stock Exchange in the form of an Annual Report. The data collection technique used is literature study where the researcher collects relevant information relating to the topic or problem that will be or is being researched. The population in this study were PT. XL Axiata Tbk. The sample in this study is the financial statements of PT. XL Axiata Tbk for the period 2007-2017.The results of this study are (1) Profitability has a significant effect on stock prices. (2) Financial risk has no significant effect on stock prices (3) Profitability and financial risk simultaneously have a significant effect on stock prices.Based on the results of this study, it is hoped that it can become a reference for company management in making decisions and become a reference for further research.                                        Keywords: Profitability, Financial Risk, Stock Price

scholarly journals Faktor-Faktor yang Mempengaruhi Nilai Perusahaan pada Perusahaan Manufaktur Sektor Industri Barang Konsumsi yang Terdaftar di BEI Periode 2016-2018

Owner ◽  
2020 ◽  
Vol 4 (2) ◽  
pp. 337
Author(s):  
Pratiwi Pardiastuti ◽  
Yuli Chomsatu Samrotun ◽  
Rosa Nikmatul Fajri
Keyword(s):  
Capital Structure ◽  
Quantitative Research ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Company Size ◽  
Industry Sector

This study aims to analyze the factors that influence value company (PBV) which includes dividend policy (DPR), company size (SIZE), capital structure (DER), liquidity (CR), and profitability (ROA). The population in this study  is a manufacturing company in the consumer goods industry sector listed on Indonesia Stock Exchange (IDX) for the period 2016-2018. The sampling technique uses the method purposive sampling, so we obtained a sample of 18 companies. Type quantitative research. Data sources in the form of secondary data. Data analysis used is multiple linear regression analysis. The results showed that partially dividend policy (DPR), capital structure (DER) and profitability (ROA) affect on value company (PBV). While the size of the company (SIZE) and liquidity (CR) has no affect on value company (PBV).

scholarly journals DETERMINAN STRUKTUR MODAL: KAJIAN LIKUIDITAS, PELUANG PERTUMBUHAN DAN ASSET BERWUJUD PERUSAHAAN SUB SEKTOR PROPERTY & REAL ESTATE DI INDONESIA

2020 ◽  
Vol 5 (2) ◽  
pp. 1-12
Author(s):  
Ranila Suciati
Keyword(s):  
Real Estate ◽  
Capital Structure ◽  
Cross Sections ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Secondary Data ◽  
Panel Data Regression ◽  
Tangible Assets ◽  
Data Regression ◽  
Property Companies

This study aims to determine the effect of Liquidity, Growth Opportunities, and Tangible Assets on the Capital Structure of Property and Real Estate Companies in Indonesia. This research is a quantitative research which aims to systematically explain the facts and properties of an object in the study and then merge between the variables associated with it by presenting secondary data from financial statements of property companies in Indonesia. The population used in this study are property companies listed on the Indonesian stock exchange in the period 2012-2016. The sample used in this study were 32 property companies in Indonesia by using the purpose sampling method to obtain a representative sample that matches the established criteria. In this study, the data analysis method used is the panel data regression method which is a combination of time series and cross sections in property companies in Indonesia. Research results for property companies in Indonesia The R square value of this model is 0.5126 which means that variations of capital structure that can be explained by the independent variables analyzed are LIQ, GROWTH, and TANG by 51.26 percent and the remaining 48.74 percent explained by other factors not included in this study.

scholarly journals Determinan Struktur Modal Pada Perusahaan LQ45 Yang Terdaftar Di Bursa Efek Indonesia Periode Tahun 2011-2015

2017 ◽  
Vol 1 (1) ◽  
pp. 14-25
Author(s):  
Mochamad Fatikhudin
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Capital Market ◽  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
Total Sample ◽  
Negative Influence ◽  
Sales Growth ◽  
Independent Variable

The purpose of this research is to determine the effect of profitability, liquidity, sales growth, and the firm size in a partial and simultaneous to capital structure in LQ45 company. The population in this study is LQ45 companies listed on the Indonesian Stock Exchange period 2011-2015. This research is use purposive sampling method, and get the total sample of 21 companies. The data used is secondary data derived from Annual Report and Indonesian Capital Market Directory (ICMD). Data analysis that use in this research is multiple regrestion. Result of this research showed profitability has a negative influence to capital structure. Although liquidty profitability where as the variable of liquidity, growth of sales and firm size are not influential to capital structure. Simultatily the profitability, liquidity, growth of sales and firm size are influencial to capital structure. The amount of adjusted R square is 0,239 it means 23,9 percentage dependent variable of capital structure can be explained by four independent variable, they are profitability, liquidity, growth of sales, and firm size, but 76,1 percentage capital structure explained by other variable outside (node).

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