PROFITABILITAS, PELUANG PERTUMBUHAN, MODAL KERJA BERSIH SERTA DAMPAKNYA TERHADAP KEBIJAKAN PENAHANAN KAS PADA SEKTOR PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

This research tests the effect of profitability, growth opportunity, and net working capital on corporate cash holding for a sample of banks company listed in Indonesian Stock Exchange over the period 2013-2015. Population of this research is 31 banks companies at the Indonesian Stock Exchange. This research use path analysis method. Hypothesis test of this research employs standardized multiple regression analysis. The result show that simultaneously profitablity, growth opportunity, and net working capital have influence enough to cash holding. While partially profitability has a positive influence enough to cash holding, growth opportunity and net working capital has a very weak negative effect on cash holding.

Download Full-text

PENGARUH WORKING CAPITAL, FIXED FINANCIAL ASSETS, FINANCIAL DEBT , DAN FIRM SIZE TERHADAP PROFITABILITAS

JURNAL INFORMASI, PERPAJAKAN, AKUNTANSI, DAN KEUANGAN PUBLIK ◽

10.25105/jipak.v3i1.4436 ◽

2019 ◽

Vol 3 (1) ◽

pp. 29

Author(s):

Farah Margaretha ◽

Nina Adriani

Keyword(s):

Firm Size ◽

Sampling Method ◽

Stock Exchange ◽

Testing Hypothesis ◽

Financial Assets ◽

Analysis Method ◽

Working Capital ◽

Independent Variables ◽

Negative Effect ◽

Positive Effect

The purpose of this research is to analyze the influence of working capital, fixed financial assets, financial debt and firm size on probability. Data of this research is obtained from 19 companies of textile and garment industry that have been listed on Jakarta Stock Exchange and it has selected using purposive sampling method during 2001 to 2005. Data analysis method used in this research are multiple linier regression and testing hypothesis. Independent variables used in this research are working capital, fixed financial assets, financial debt and firm size and the dependent variable is profitability. Based on testing hypothesis, we have results that working capital and firm size have positive effect and significant on profitability whereas fixed financial assets and financial debt have negative effect and significant on profitability. The implication of this research explain that the company need to play attention on working capital management, fixed financial assets, sales and debt proportion because all those things have influence on profitability.

Download Full-text

Pengaruh Perputaran Modal Kerja Terhadap Likuiditas Perusahaan Jasa Sub Sektor Property, Real Estate Dan Kontruksi Bangunan

BUDGETING : Journal of Business, Management and Accounting ◽

10.31539/budgeting.v1i2.803 ◽

2020 ◽

Vol 1 (2) ◽

pp. 136-146

Author(s):

Idham Saputra ◽

Andir Indrawan ◽

Ade Sudarma

Keyword(s):

Real Estate ◽

Stock Exchange ◽

Hypothesis Test ◽

Sampling Technique ◽

T Test ◽

Working Capital ◽

Normality Test ◽

Analysis Technique ◽

Negative Effect ◽

Research Type

The purpose of this study was to determine the effect of working capital turnover on liquidity (Current Ratio) in the Property, Real Estate and Construction Sub Sector Services company. This research uses associative hypothesis research type. The research method used is quantitative. The sample in this study were 6 Property, Real Estate and Construction Sub Sector Services companies listed on the Indonesia Stock Exchange in the 2013-2018 period. Sampling with the type of nonprobability sampling with purposive sampling technique. The data analysis technique used is the normality test and the partial hypothesis test (t test). The results of the research, the partial hypothesis test results (t test) can be seen the t-count of the variable working capital turnover (X) of -3,735 with a significant level of 0.001, meaning that the working capital turnover has a negative effect on liquidity and the significant value shows a significant effect. In conclusion, working capital turnover has a negative effect on liquidity because of uncertain income. The higher the liquidity value, the higher the value of current assets which will also be directly proportional to the sales results. Working capital turnover is not always directly proportional to liquidity. Keywords: Working Capital Turnover, Accounts Receivable Turnover, Liquidity.

Download Full-text

PENGARUH PROFITABILITY DAN LEVERAGE TERHADAP CASH HOLDING DENGAN TAX PLANNING SEBAGAI VARIABEL INTERVENING

Jurnal Magister Akuntansi Trisakti ◽

10.25105/jmat.v7i2.7414 ◽

2020 ◽

Vol 7 (2) ◽

pp. 101

Author(s):

Mendy Angelia

Keyword(s):

Path Analysis ◽

Stock Exchange ◽

Sampling Technique ◽

Negative Influence ◽

Positive Influence ◽

Tax Planning ◽

Statistic Analysis ◽

Cash Holding ◽

Analysis Method ◽

Analysis Technique

The purpose of this research is to obtain empirical evidence about effect of profitability and leverage to cash holding with tax planning as variable intervening. Population of this research is manufactured companies which listed consistently in Indonesia Stock Exchange during year 2014 until 2017. The sampling technique used was purposive sampling and number of sample used by 162 data. The analysis technique used is multiple regression as the statistic analysis method and path analysis to test the variable intervening. Result of analysis indicate that leverage have negative influence on cash holding while profitability and tax planning have positive influence on cash holding. Leverage have negative influence on cash holding while profitability have positive influence on cash holding. The result from path analysis indicate that profitability don’t have an influence to cash holding with tax planning as variable intervening while leverage have an influence indirectly to cash holding with tax planning as variable intervening.

Download Full-text

EFEKTIVITAS DAN EFISIENSI MODAL KERJA DALAM MEMPENGARUHI PEROLEHAN RETURN ON ASSET PADA PERUSAHAAN SEMEN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Eqien: Jurnal Ekonomi dan Bisnis ◽

10.34308/eqien.v8i1.200 ◽

2021 ◽

Vol 8 (1) ◽

pp. 1-12

Author(s):

Alhidayatullah Alhidayatullah

Keyword(s):

Stock Exchange ◽

Hypothesis Test ◽

Coefficient Of Determination ◽

Test Results ◽

Analysis Method ◽

Working Capital ◽

Return On Assets ◽

Accounts Receivable ◽

Calculation Results ◽

Inventory Turnover

This study aims to determine cash turnover, accounts receivable turnover, inventory turnover, working capital turnover in influencing return on assets (ROA) in cement companies listed on the Indonesia Stock Exchange for the period 2016 - 2019. This study uses an explanatory analysis method with a quantitative approach, namely a research method that intends to explain the position of the variable under study and the causal relationship between one variable and another through hypothesis testing and focuses on variable problems with concepts that have value and looking for relationships between these variables. Hypothesis test results show that cash turnover to ROA is tcount -1,204 <ttable 2,365 and sig t 0,268> 0,05, turnover of accounts receivable to ROA is calculated from tcount 0.078 <ttable 2.365, and sig t 0.940> 0.05, inventory turnover at ROA where the value of t count -1.099 <t table 2.365, and sig t 0.308> 0.05, and the turnover of working capital to ROA, the calculation is t count 0.628 <t table 2.365, and sig t 0.550> 0.05, which explains that all independent variables have no significant effect on ROA. While cash turnover, accounts receivable turnover, inventory turnover, and working capital turnover together (simultaneously) do not have a significant effect on return on assets, the calculation results show Fcount 0.672 <Ftable 4.120 and the significance is 0.632> 0.05. Based on the analysis of the coefficient of determination, the effect of cash turnover, accounts receivable turnover, inventory turnover, and working capital turnover on return on assets is 27.8%, the remaining 72.2% is influenced by other factors not examined.

Download Full-text

Pengaruh Growth Opportunity, Net Working Capital, Cash Conversion Cycle Dan Dividend Payout Terhadap Cash Holding

JURNAL EKSPLORASI AKUNTANSI ◽

10.24036/jea.v1i3.141 ◽

2019 ◽

Vol 1 (3) ◽

pp. 1259-1274

Author(s):

Endah Ayu Wulandari ◽

Mia Angelina Setiawan

Keyword(s):

Sampling Method ◽

Stock Exchange ◽

Secondary Data ◽

Cash Holding ◽

Working Capital ◽

Dividend Payout ◽

Cash Conversion Cycle ◽

Analysis Technique ◽

Growth Opportunity ◽

Research Period

This study aims to determine the effect of Growth Opportunity, Net Working Capital, Cash Conversion Cycle and Dividend Payout on Cash Holding property and real estate companies listed on the Indonesia Stock Exchange. The research period used is the period 2014-2017. The design of this study is causal associative research. The sample in this study was obtained by purposive sampling method. Based on the existing criteria, 42 companies were included in the study sample. The data used is secondary data. The data analysis technique used is panel regression analysis. The results showed that Growth Opportunity and Dividend Payout had no significant effect on Cash Holding. Meanwhile, Net Working Capital and Cash Conversion Cycle have a significant effect on Cash Holding. The ability of independent variables to explain the dependent variable is 10.89% and 89.11% is explained by other variables outside of this study.

Download Full-text

Faktor–Faktor Yang Mempengaruhi Cash Holding Pada Perusahaan Sektor Industri Barang Konsumsi

Jurnal Akuntansi dan Ekonomika ◽

10.37859/jae.v11i1.2520 ◽

2021 ◽

Vol 11 (1) ◽

pp. 23-32

Author(s):

Mentari Dwi Aristi ◽

Melsa Khalida ◽

Zul Azmi

Keyword(s):

Linear Regression ◽

Cash Flow ◽

Sampling Method ◽

Capital Expenditure ◽

Stock Exchange ◽

Sample Selection ◽

Cash Holding ◽

Sales Growth ◽

Result Show ◽

Negative Effect

This study aimed to examine and discover the effect of leverage, capital expenditure, sales growth, and cash flow to cash holding. The population of this study is consumer goods industry company that listed in Indonesia Stock Exchange from 2015 to 2017. The sample selection setting by purposive sampling method and the spesific criteria are as many as 10 companies. The analysis used multiple linear regression. The result show that capital expenditure and sales growth has no effect on cash holding, while leverage and cash flow has negative effect on cash holding. The F test, indicating that the variables of leverage, capital expenditure, sales growth, and cash flow simultaneous has effect on cash holding.

Download Full-text

PENGARUH WORKING CAPITAL TURNOVER (WCT), CURRENT RATIO (CR), DAN TOTAL ASSETS TURNOVER (TATO) TERHADAP PROFITABILITAS

Moneter - Jurnal Akuntansi dan Keuangan ◽

10.31294/moneter.v8i1.8798 ◽

2021 ◽

Vol 8 (1) ◽

pp. 1-8

Author(s):

Melia Trie Utami ◽

Gusganda Suria Manda

Keyword(s):

Research Method ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Multiple Linear Regression Analysis ◽

Coefficient Of Determination ◽

Working Capital ◽

Return On Assets ◽

Current Ratio ◽

Negative Effect ◽

Positive Effect

The purpose of this study was to examine and analyze the effect of Working Capital Turnover (WCT), Current Ratio (CR), and Total Assets Turnover (TATO) on Profitability with the Return On Assets (ROA) proxy on cigarette sub sector companies listed on the Indonesia Stock Exchange (IDX) quarterly in 2014-2019, both partially and simultaneously. The research method used is descriptive verification with quantitative approaches. The sample in this study used purposive sampling. The statistical method used is the method of multiple linear regression analysis. The results showed that the Working Capital Turnover (WCT), Current Ratio (CR), and Total Assets Turnover (TATO) simultaneously had a significant effect on the Return on Assets (ROA) profitability. Partially Working Capital Turnover (WCT) has a significant negative effect on Return on Assets (ROA) profitability, Current Ratio (CR) has no effect on Return on Assets (ROA) Profitability, and Total Assets Turnover (TATO) has a significant positive effect on Return on Profitability Assets (ROA). The coefficient of determination obtained by 0.429 means that only 42.9% Profitability Return on Assets (ROA) is influenced by Working Capital Turnover (WCT), Current Ratio (CR), and Total Assets Turnover (TATO) and the rest 57.1 % is influenced by other variables.

Download Full-text

The Influence of Enterprise Risk Management, Leverage, Firm Size and Profitability on Firm Value in Property and Real Estate Companies Listed on the Indonesian Stock Exchange in 2016-2018

KnE Social Sciences ◽

10.18502/kss.v5i5.8850 ◽

2021 ◽

Author(s):

Dihin Septyanto ◽

Ikhwan Maulid Nugraha

Keyword(s):

Risk Management ◽

Firm Size ◽

Firm Value ◽

Stock Exchange ◽

Descriptive Analysis ◽

Negative Influence ◽

Positive Influence ◽

Enterprise Risk Management ◽

Enterprise Risk ◽

Negative Effect

The objective of this study was to analyze the effects of enterprise risk management (ERM) disclosure, leverage, firm size and profitability on firm value, which is proxied by Tobin’s Q. High corporate value can reflect the shareholders’ wealth. This study used the Indonesian Capital Market Directory (ICMD). The sample included 32 companies, chosen with nonprobability purposive sampling. This study used a quantitative approach with descriptive analysis methods and panel data regression to test hypotheses using the Eviews 10 application. ERM disclosure, leverage and profitability had a positive and significant influence on firm value, while firm size had a negative influence on firm value. The implication of this research is that where ERM has a positive influence on firm value, it is good for companies to increase ERM disclosure, because the company will be considered to have managed its risks well. Debt policy variables that are proxied by the Debt to Equity Ratio (DER) and profitability proxied by ROA had a positive effect on firm value. That is, a higher value of DER was followed by an increase in the percentage of Return On Assets (ROA), which increased the firm’s value. However, the company’s size variable which was proxied by Ln Total Assets had a negative effect on the value of the company, which indicated that investors dislike company assets that are too high and that are not offset by high profits. Keywords: enterprise risk management, leverage, firm size, profitability, firm value

Download Full-text

CITRA MEREK, KEPERCAYAAN MEREK DALAM MEWUJUDKAN LOYALITAS MEREK PRODUK AQUA

Indonesian Journal of Strategic Management ◽

10.25134/ijsm.v1i1.839 ◽

2018 ◽

Vol 1 (1) ◽

Author(s):

Nurul Laela Sakinah ◽

Dadang Suhardi

Keyword(s):

Brand Loyalty ◽

Brand Image ◽

Sampling Technique ◽

Positive Influence ◽

Measurement Scale ◽

Research Use ◽

Brand Trust ◽

Analysis Method ◽

Validity And Reliability ◽

The Social

This research aims to find out the brand image and brand trust towards brand loyalty of AQUA product. The population of this research is the consumer of AQUA in Kuningan district and the data are collected by questionnaire technique. The�� purposive sampling technique is applied in this research while the sample of this research is 100 respondents using measurement scale of interval scale. The analysis method in this research is descriptive and verification with quantitative approach that cover validity and reliability, classic assumption test, hypothesis testing through F test, T test and determination coefficient (R2). The technique of data analysis is gained by the use of multiple regression linear. All tests on this research use a measured instrument in the form of computer program SPSS (Statistical Package for the Social Science) version 21.0. Based on the result of this research, it is concluded that the brand image has positive influence and significant towards� brand loyalty ; brand trust has positive influence and significant towards� brand loyalty as well as both of brand image and brand trust have also positive influence and significant towards brand loyalty.�Keywords: Brand Image, Brand Trust, Brand Loyalty

Download Full-text

FAKTOR –FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN BUMN DI BURSA EFEK INDONESIA TAHUN 2011-2015

MANAJEMEN DEWANTARA ◽

10.26460/md.v1i2.1636 ◽

2017 ◽

Vol 1 (2) ◽

pp. 25

Author(s):

Ardian Prima Putra ◽

Sri Wahyu Agustiningsih ◽

Purwanto Purwanto

Keyword(s):

Firm Value ◽

Gdp Per Capita ◽

Cash Holding ◽

Firm Age ◽

Working Capital ◽

Turnover Ratio ◽

Growth Opportunity ◽

Asset Turnover ◽

Per Capita ◽

Trade Growth

This study aims to examine the factors that affect the value of state enterprises in the Indonesia Stock Exchange Year 2011-2015. State companies have an important role in the Indonesian economy. State companies also serve to generate revenue for the Indonesian government to fund the Indonesian State Budget. Factors affecting the value of state firms tested in this research are Cash Holding, Leverage, Exchange Rate, Net Working Capital, ROA, Size, and Firm Age. In addition, this study also uses control variables to test the effect of independent variables on the dependent variable of firm value. The control variables used in this study are International Trade, Growth Opportunity, GDP per capita, and Total Asset Turnover Ratio. This study uses a sample of state companies listed on the IDX 2011-2015. This research uses multiple regression analysis to test the influence of independent variable and control variable to Dependent variable. The results show that Cash Holding, Leverage, Exchange Rate, Net Working Capital, ROA, Size, Firm Age, International Trade, Growth Opportunity, GDP per capita, and Total Asset Turnover Ratio simultaneously have significant effect on firm value measured by tobin-q. The t test shows that firm size partially has a significant negative effect on firm value while other variables show insignificant results.

Download Full-text