The Effect of Company Sizes and Net Working Capital on Cash Holding With Profitability as Intervening Variables in Food and Beverage Sub Sector Companies Registered in Indonesia Stock Exchange

The COVID-19 pandemic that has hit the world including Indonesia since early 2020 has had The purpose of this study was to determine and analyze the influence of company size and net working capital towards holding cash with profitability as an intervening variable. This Research uses quantitative methods with 2013-2017 observation years. The research sample consisted of 15 food and beverage sub-sector companies listed on the Indonesia Stock Exchange, while the method used was purposive sampling. The analytical method used is multiple linear regression and path analysis. The results showed the size of the company had a negative and not significant effect on profitability, net working capital was positive and not significant on profitability. Company size, net working capital, and profitability have a positive and significant influence on cash holding. Profitability is not able to mediate the effect of company size on cash holding.But profitability is able to mediate the effect of net working capital on cash holding

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The influence of audit committee’s and company’s characteristic on intellectual capital disclosure

Asian Journal of Accounting Research ◽

10.1108/ajar-05-2019-0036 ◽

2019 ◽

Vol 4 (2) ◽

pp. 170-180

Author(s):

Zahroh Naimah ◽

Nico Acintyo Mukti

Keyword(s):

Linear Regression ◽

Multiple Linear Regression ◽

Significant Influence ◽

Intellectual Capital ◽

Audit Committee ◽

Design Methodology ◽

Stock Exchange ◽

The Other ◽

Company Size ◽

Content Type

Purpose The purpose of this paper is to test the influences of audit committee’s and company’s characteristic on intellectual capital disclosure (ICD) among the LQ45-listed companies in Indonesia Stock Exchange (BEI) between 2013 and 2014. Design/methodology/approach The paper employed multiple linear regression and saturation sample as the analysis methods. Findings The findings showed that size of audit committee does not significantly influence ICD; meeting frequency of audit committee positively influences ICD; and company size does not influence ICD positively. On the other hand, profitability does not significantly influence ICD; leverage has negative and significant influence on ICD; and the type of industry does not significantly influence intellectual capital disclosure. Originality/value As there are few ICD studies, this research will surely add ICD antecedents to literature.

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ANALISIS FAKTOR – FAKTOR YANG MEMPENGARUHI AUDIT DELAY PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

Jurnal Akuntansi Bisnis ◽

10.30813/jab.v7i1.776 ◽

2017 ◽

Vol 7 (1) ◽

Author(s):

Vivi Adeyani Tandean

Keyword(s):

Data Analysis ◽

Linear Regression ◽

Multiple Linear Regression ◽

Significant Influence ◽

Stock Exchange ◽

The Other ◽

Company Size ◽

Audit Opinion ◽

Financial Report ◽

A Company

The financial report is one of the important instruments that support the sustainability of a company and is useful when presented with accurate and timely. Audit delay is the time difference between the date of the financial report and the date of the audit opinion of the financial report that indicate the length of time to complete the audit by the auditor. The study aims to measure the factors which affect audit delay. They are auditor’s reputation, auditor’s opinion, company size, solvability, operation loss and profit, return on asset, earning per share and ownership of company. The sample in this study was 54 manufactured companies on Indonesia Stock Exchange in 2010 – 2012 were taken by purposive sampling metod. The data analysis uses multiple linear regression. The result of the study shows that factor of auditor’s opinion and ownership of company have significant influence towards audit delay partially. On the other hand that factor of auditor’s reputation, company size, solvability, operational loss and profit, return on asset and earning per share do not have any influence towards audit delay partially. While simultaneously, all factor in auditor’s reputation, auditor’s opinion, company size, solvability, operation loss and profit, return on asset, earning per share and ownership of companyinfluence towards audit delay. Keywords : audit delay, auditor, ownership of company

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Cash Holding in Manufacturing Companies: A Study of Indonesia

Journal of Accounting Research, Organization and Economics ◽

10.24815/jaroe.v3i3.17290 ◽

2020 ◽

Vol 3 (3) ◽

pp. 292-301

Author(s):

Ardani Musa ◽

Muhammad Arfan ◽

Nuraini A

Keyword(s):

Stock Exchange ◽

Secondary Data ◽

Optimal Level ◽

Least Square ◽

Company Size ◽

Cash Holding ◽

Manufacturing Companies ◽

Working Capital ◽

Financial Leverage ◽

Estimation Model

Objective – This study aims to examine the effect of company size, net working capital, and financial leverage on cash holding in manufacturing companies listed on the Indonesia Stock Exchange. Design/methodology – This study is a hypothesis testing research using secondary data in the form of the financial statements of the sampled companies. Its population includes manufacturing companies listed on the Indonesia Stock Exchange for the period of 2012-2016. 87 companies were taken as samples according to predetermined criteria and 435 observations were made. To test the hypotheses, panel data regression analysis was used, where the fixed effect model (least square dummy variable-LSDV) was selected as the estimation model. Results – The results show that (1) company size has no effect on cash holding in manufacturing companies for the 2012-2016 period, and (2) net working capital and financial leverage have a negative effect on cash holding in manufacturing companies in the 2012-2016 period. The results support the existing hypothesis and theories such as trade off theory, agency theory, and pecking order theory. In addition, the results of this study can be used as a reference for investors and creditors whose net working capital and financial leverage are important factors in assessing the cash holdings of manufacturing companies in Indonesia, so that they can be used as basic guidelines in making investment decisions and financing company activities. Furthermore, the results of this study are also useful for managers of manufacturing companies in Indonesia in determining the optimal level of cash holding in which it is necessary to consider two influencing factors: net working capital and financial leverage.

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THE EFFECT OF COST CONTROL EFFECTIVENESS AND WORKING CAPITAL TURNOVER ON FIRM VALUE IN THE FOOD AND BEVERAGE SECTOR LISTED ON THE INDONESIA STOCK EXCHANGE

MARGINAL : JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES ◽

10.55047/marginal.v1i1.12 ◽

2021 ◽

Vol 1 (1) ◽

pp. 47-55

Author(s):

Alfian Nur Rahim

Keyword(s):

Linear Regression ◽

Multiple Linear Regression ◽

Firm Value ◽

Cost Control ◽

Stock Exchange ◽

Secondary Data ◽

Sampling Technique ◽

Working Capital ◽

Control Effectiveness ◽

Food And Beverage

This study aims to examine and analyze the Effect of Cost Control Effectiveness and Working Capital Turnover on Firm Value as an intervening variable. The sample used in this study is secondary data taken from the Indonesia Stock Exchange with 11 companies in 2011 - 2018. The hypothesis is tested using multiple linear regression. The sample used in this research is purposive sampling technique, classical assumption test consisting of normality test, multicollinearity test, heteroscedasticity test, multiple linear regression test consisting of hypothesis testing, determination test and to prove the research hypothesis. The results of this study indicate that the Effectiveness of Cost Control (EPB) has a negative and significant effect on firm value. Working Capital Turnover (PMK) has a positive and significant effect on firm value. Moreover, the Effectiveness of Cost Control and Working Capital Turnover simultaneously has a positive and significant effect on Firm Value.

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PENGARUH PERPUTARAN KAS DAN PERPUTARAN PIUTANG TERHADAP PROFITABILITAS PERUSAHAAN SUB-SEKTOR FOOD AND BEVERAGES TAHUN 2012-2016

Jurnal Riset Manajemen dan Bisnis (JRMB) Fakultas Ekonomi UNIAT ◽

10.36226/jrmb.v2i3.77 ◽

2017 ◽

Vol 2 (3) ◽

pp. 425-432 ◽

Cited By ~ 1

Author(s):

Nuriyani Nuriyani ◽

Rachma Zannati

Keyword(s):

Linear Regression ◽

Significant Influence ◽

Stock Exchange ◽

Secondary Data ◽

Financial Statements ◽

Analysis Method ◽

Accounts Receivable ◽

Independent Variables ◽

Partial Analysis ◽

Food And Beverage

The objective of this research is to determine the effect of cash turnover and receivable turnover to profitability (ROA). Data used in this study were secondary data from financial statements in Indonesia Stock Exchange in the year of 2012 to 2016 of a food and beverage manufacturing company. Independent variables in this research are cash turnover and receivable turnover, while the dependent variable in this study is profitability. The analysis method used is multiple linear regression, determination coefficient test (R2), F test and T-test. The result of these analyses showed that profitability was influenced simultaneously by cash turnover and receivable turnover. While on partial analysis showed only cash has significant influence to profitability. Keywords: Cash Turnover, Accounts Receivable Turnover, Profitability

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THE DISCOVERING OF EFFECT BETWEEN COMPANY SIZE TOWARD FIRM VALUE WITH INTELLECTUAL CAPITAL IN INDONESIA STOCK EXCHANGE

Psychology and Education Journal ◽

10.17762/pae.v58i1.1584 ◽

2021 ◽

Vol 58 (1) ◽

pp. 4632-4639

Author(s):

Elly Lestari Et al.

Keyword(s):

Corporate Governance ◽

Intellectual Capital ◽

Firm Value ◽

Quantitative Methods ◽

Stock Exchange ◽

Share Price ◽

Company Size ◽

Conceptual Frameworks ◽

The Future ◽

Intervening Variables

This analysis shown that about company size to firm value and intellectual capital as an intervening variables. This research was used with quantitative methods with conceptual frameworks. Some part of this research is available in Indonesia Stock Exchange registered with companies. There are many things that company can maximize their value such as welfare for labor, profitability, and corporate governance to firm value. Moreover, the intellectual capital is a reflection like uniqueness as a firm value and increase share price in Indonesia Stock Exchange in companies. Additionally, this research can get decision to estimate a results for company values in the future.

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RETURN SAHAM : PRICE TO BOOK VALUE (PBV), RETURN ON ASSETS (ROA), RETURN ON EQUITY (ROE) DAN UKURAN PERUSAHAN PADA PERUSAHAAN FOOD AND BEVERAGE

Jurnal Riset Mahasiswa Akuntansi ◽

10.21067/jrma.v7i1.4241 ◽

2020 ◽

Vol 7 (1) ◽

Author(s):

Siti Nur Azizah ◽

Lilik Sri Hariani ◽

Eris Dianawati

Keyword(s):

Linear Regression ◽

Multiple Linear Regression ◽

Stock Returns ◽

Stock Exchange ◽

Company Size ◽

Return On Assets ◽

Return On Equity ◽

Book Value ◽

Regression Methods ◽

Food And Beverage

The purpose of this study was to determine the effect of financial ratios, among others: Price to Book Value (PBV), Return On Assets (ROA), Return On Equity (ROE) and company size on stock returns, both simultaneous and partial balance. This research was conducted using a sample of 12 food and beverage companies on the Indonesia Stock Exchange by determining the sample taken (purposive sampling) because there were certain considerations over a 4-year period (2014-2017). This study uses multiple linear regression methods with the SPSS 22 program. The results of this study indicate that there is simultaneously an influence between Price to Book Value (PBV), Return On Assets (ROA), Return On Equity (ROE) and company size on stock returns. And partially Price to Book Value (PBV) and Return On Assets (ROA) have no effect on stock returns, while Return On Equity (ROE) and company size on stock returns have a significant effect on stock returns.

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Pertumbuhan Penjualan, Ukuran Perusahaan, Leverage, Modal Kerja, Likuiditas, Perputaran Kas dan Pengaruhnya Terhadap Profitabilitas Pada Industri Makanan dan Minuman yang Listing Di Bursa Efek Indonesia (BEI)

EKONOMIS Journal of Economics and Business ◽

10.33087/ekonomis.v5i2.412 ◽

2021 ◽

Vol 5 (2) ◽

pp. 545

Author(s):

Stefannie Halim ◽

Felicia Felicia ◽

Valencia Lius ◽

Tiffany Veronica ◽

Bayu Wulandari

Keyword(s):

Stock Exchange ◽

Descriptive Analysis ◽

Linear Regression Analysis ◽

Sampling Technique ◽

Company Size ◽

Sales Growth ◽

Manufacturing Companies ◽

Analysis Method ◽

Working Capital ◽

Food And Beverage

This study was made with the aim of testing whether sales growth, company size, leverage, working capital, liquidity, cash turnover have an influence on profitability in manufacturing companies in food and beverage sub-sector for 2017-2019 period.Quantitative methods are used in this analysis. The use of purposive sampling technique leaves 13 (thirteen) companies from the research population as many as 26 (twenty six) companies listed on the Indonesia Stock Exchange (IDX). A total of 39 (thirty nine). The source of the data for this research comes from the financial statements of companies published on www.idx.co.id. The research method used is descriptive analysis method and multiple linear regression analysis method. The dependent variabel in this study is profitability, while the independent variabel are sales growth, company size, leverage,liquidity, and cash turnover.The results obtained in this study are partially sales growth, working capital turnover have a significant effect on profitability, while company size, leverage, liquidity, and cash turnover have no significant effect on profitaibility. The findings of this study suggest that manufacturing companies in food and beverage sub-sector need to pay attention to sales growth and working capital turnover.

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PENGARUH STRUKTUR MODAL DAN UKURAN PERUSAHAAN TERHADAP KINERJA KEUANGAN PADA PERUSAHAAN SUB SEKTOR MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

FINANCIAL: JURNAL AKUNTANSI ◽

10.37403/financial.v4i2.77 ◽

2019 ◽

Vol 4 (2) ◽

pp. 20-27

Author(s):

Pebri Yanti Karnopa Saragih ◽

Yansen Siahaan ◽

Elly Susanti ◽

Supitriyani Supitriyani

Keyword(s):

Linear Regression ◽

Capital Structure ◽

Financial Performance ◽

Multiple Linear Regression ◽

Correlation Coefficient ◽

Stock Exchange ◽

Descriptive Analysis ◽

Company Size ◽

Food And Beverage ◽

The Capital Structure

Abstrak Pebri Yanti Karnopa Saragih, pengaruh struktur modal dan ukuran perusahaan terhadap kinerja keuangan pada perusahaan sub sektor makanan dan minuman yang terdaftar di bursa efek indonesia. Di bawah bimbingan bapak dr. Yansen siahaan, se, ak., msac sebagai Ketua Pembimbing, Ibu Elly Susanti S.Kom, M.Si sebagai Anggota Pembimbing I dan Ibu Supitriyani, SE, M.Si sebagai Anggota Pembimbing II.Tujuan dari penelitian ini adalah 1. Untuk mengetahui gambaran struktur modal, ukuran perusahaan dan kinerja keuangan pada Perusahaan Sub Sektor Makanan dan Minuman yang terdaftar di Bursa Efek Indonesia. 2. Untuk mengetahui bagaimana pengaruh struktur modal, dan ukuran perusahaan terhadap kinerja keuangan pada Perusahaan Sub Sektor Makanan dan Minuman yang terdaftar di Bursa Efek Indonesia baik secara simultan dan parsial.Penelitian ini dilakukan dengan menggunakan metode analisis deskriptif kualitatif dan analisis deskriptif kuantitatif. Objek penelitian adalah Perusahaan Sub Sektor Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia Periode 2015-2017. Pengumpulan data dilakukan dengan metode dokumentasi. Teknik analisis yang digunakan adalah uji asumsi klasik, analisis regresi linear berganda, koefisien korelasi, koefisien determinasi dan uji hipotesis.Hasil penelitian ini dapat disimpulkan bahwa 1. Rata-rata struktur modal cenderung menurun, rata-rata ukuran perusahaan dan kinerja keuangan cenderung meningkat. 2. Hasil pengujian dari regresi linier berganda diketahui bahwa struktur modal dan ukuran perusahaan berpengaruh negatif terhadap kinerja keuangan. 3. Hasil analisis koefisien korelasi dan korelasi determinasi dapat di ambil kesimpulan bahwa hubungan antara struktur modal dan ukuran perusahaan terhadap kinerja keuangan rendah dan cukup banyak dipengaruh oleh variabel lain yang tidak dijelaskan dalam penelitian ini. 4. Hasil uji hipotesis dapat disimpulkan bahwa struktur modal dan ukuran perusahaan berpengaruh tidak signifikan terhadap kinerja keuangan.Hasil penelitian menyarankan sebaiknya perusahaan mempertahankan dan meningkatkan stabilitas penjualan, mengelolah struktur aset perusahaan, meningkatkan pertumbuhan perusahaan, meningkatkan laba, serta meningkatkan flesibilitas keuangan agar struktur modal perusahaan dapat optimal. Kemampuan perusahaan dalam mengelolah aset menunjukan kinerja perusahaan yang baik dan hal ini akan dapat menarik perhatian eksternal untuk ikut mendanai kegiatan perusahaan. Kata kunci: Struktur Modal, Ukuran Perusahaan, dan Kinerja Keuangan. AbstractPebri Yanti Karnopa Saragih, the Influence of Capital Structure and Company Size on financial performance in the Food and Beverage Sub-Sector Registered on the Indonesia Stock Exchange. Under the guidance of Dr. Yansen Siahaan, SE, Ak., MSAc as Advisor, Elly Susanti S.Kom, M.Si, as the First Co Advisor and Supitriyani, SE, M.Si, as the second Co Advisor.The purpose of this study is 1. To find out the description of capital structure, company size and financial performance in the Food and Beverage Sector Company listed on the Indonesia Stock Exchange. 2. To find out how the capital structure influences, and the size of the company on the financial performance of the Food and Beverage Sector Company listed on the Indonesia Stock Exchange both simultaneously and partially.This research was conducted using qualitative descriptive analysis methods and quantitative descriptive analysis. The object of research is the Food and Beverage Sub-Sector Company Listed on the Indonesia Stock Exchange for the 2015-2017 Period. Data collection is done by documentation method. The analysis technique used is the classical assumption test, multiple linear regression analysis, correlation coefficient, determination coefficient and hypothesis testing.The results of this study can be summarized as follows:that 1. The average capital structure tends to decrease, the average company size and financial performance tends to increase. 2. The results of multiple linear regression tests revealed that the capital structure and firm size negatively affect financial performance. 3. The results of the analysis of the correlation coefficient and determination correlation can be concluded that the relationship between capital structure and the size of the company is low and much influenced by other variables that did not discribe in this study. 4. The results of testing the hypothesis can be concluded that the capital structure has no significant effect on financial performance, and the size of the company has no significant effect on financial performance.The results show that the best is to maintain and improve sales stability, manage the structure of the company's assets, increase the company's growth, increase profits, and increase financial flexibility so that the company's capital structure can be optimized. The company's ability to manage assets shows good company performance and this will attract external attention to participate in funding the company's activities. Keywords: Capital Structure, Company Size, and Financial Performance.

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KUALITAS AUDIT MEMEDIASI KECAKAPAN MANAJERIAL DAN UKURAN PERUSAHAAN TERHADAP MANAJEMEN LABA PADA PERUSAHAAN F&B YANG TERDAFTAR DI BEI

Behavioral Accounting Journal ◽

10.33005/baj.v3i1.58 ◽

2020 ◽

Vol 3 (1) ◽

pp. 47-54

Author(s):

Ogi Wisnu Saputra ◽

Endah Susilowati

Keyword(s):

Earnings Management ◽

Quantitative Methods ◽

Audit Quality ◽

Stock Exchange ◽

Partial Least Square ◽

Least Square ◽

Company Size ◽

Managerial Skills ◽

Food And Beverage ◽

Management Audit

This study aims to test and prove managerial skills, company size on earnings management and the effect of audit quality mediate managerial skills and company size on earnings management uses quantitative methods. The population in this study are food and beverage companies listed on the Stock Exchange with a sample of 13 companies. The testing method is done with partial least square which is processed by Smart PLS for Windows Version 3.29. The results of the research conducted showed that managerial skills and company size affect audit quality, while managerial skills and company size do not affect earnings management. Audit quality variables mediate managerial skills and company size on earnings management no effect.

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