scholarly journals PENGARUH PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN LEVERAGE SEBAGAI VARIABEL MODERATING PADA PERUSAHAAN SUB SEKTOR FARMASI YANG TERDAFTAR DI BURSA EFEK INDONESIA

2019 ◽  
Vol 6 (2) ◽  
pp. 1-8
Author(s):  
Maria Emas P. Siallagan ◽  
Yansen Siahaan ◽  
Jubi Jubi ◽  
Ady Inrawan

The purposes of this research are to know the description of profitability, firm value, and leverage, to determine the effect of profitability on the value and to determine leverage ability to moderated profitability reletionships with firm value  at  Farmasi Sub-Sector Company listed on the Indonesia Stock Exchange. The research was conducted with qualitative descriptive analysis method and quantitative descriptive analysis. The data are collected  by using documentation method. The analysis technique used simple linear regression, moderation regression, correlation coefficient, determination coefficient and hypothesis test. Data are analysed with the help of SPSS version 20.          The results of this research be summarized as follows: 1. Average ROE fluctuated and tended to decline, the average DER fluctuated and tended to increase, and the average PBV fluctuated and tended to increase. 2. The results of simple linear regression test showed that profitability has negative effect on firm value. 3. The results of the moderation regression test showed that leverage weakens the profitability relationship with the value. 4. The results of testing the first hypothesis can be concluded that profitability has a negative effect not significant on firm value. 5. The results of the second hypothesis test can be concluded that leverage is  able to moderate the relationship between profitability and firm value.The research suggest that companies increase sales to optimize profits, use debt to increase company productivity, control the existing management of the company and distribute dividend to shareholders.

2019 ◽  
Vol 2 (4) ◽  
pp. 21
Author(s):  
Irfan Ido ◽  
Jahidin Jahidin ◽  
Catria AS

The purpose of this study was to determine the effect of mining company production on the economic conditions of the community and how the population growth of Koeono Village and Watudemba Village (Mine Circle). The method of determining the sample in this study is Simple Random Sampling. The analytical method used to determine the growth rate of the economic condition of the community is carried out using quantitative descriptive analysis, while to determine the effect of nickel mining company production on economic conditions simple linear regression analysis is used. The results of the research on the economic conditions of the people of Koeono Village and Watudemba Village (Mine Circle) and simple linear regression revealed that nickel mining production had no effect on aspects of community income opportunities, employment opportunities, business opportunities, health, education and lifestyle because the value was far larger than the probability value where the probability value used is 0.05.


2019 ◽  
Vol 6 (2) ◽  
pp. 9-15
Author(s):  
Jenny Frida Br Nainggolan ◽  
Yansen Siahaan ◽  
Jubi Jubi ◽  
Ady Inrawan

The purpose of this study is 1. To determine the liquidity, company size, profitability and value of the company in the Ceramic, Porcelain and Glass Sub-Sector Companies listed on the Indonesia Stock Exchange. 2. To determine the effect of liquidity, company size, profitability and firm value on the Ceramic, Porcelain and Glass Sub-Sector Companies listed on the Indonesia Stock Exchange both simultaneously and partially. This research was conducted using quantitative descriptive analysis and quantitative descriptive analysis. The object of the research is the Ceramic, Porcelain and Glass Sub-Sector Company listed on the Indonesia Stock Exchange. Data collection is done by documentation method. The analysis technique used is the classical assumption test, multiple linear regression analysis correlation coefficient, determination coefficient, hypothesis testing. This analysis was carried out using the IBM SPSS Statistic Program version 21.0.The results of this research can be concluded as follows: 1. Overall average value of Current Ratio (CR) fluctuates tends to increase 2. overall the average value of size has fluctuated tends to increase. 3. overall the average value of Return on Assets (ROA) fluctuates but tends to decrease. 4. F test found that simultaneously the magnitude of Fcount> Ftable of H0 is rejected, meaning that liquidity, firm size, and profitability have no significant effect on the value of the company in the Ceramic, Porcelain and Glass Sub-Sector Company listed on the Indonesia Stock Exchange in 2013-2017 .


2021 ◽  
Vol 16 (4) ◽  
pp. 717-728
Author(s):  
Tina Novianti Sitanggang ◽  
Yolanda Angel Sabatani Doloksaribu

The purpose of this study is only to test whether there is an effect of Capital Structure (DER), Current Ratio (CR), Net Profit Margin (NPM), and Firm Size (UP) on Firm Value (NP). This research was conducted on Manufacturing Companies in the Consumer Goods Industry Sector listed on the Indonesia Stock Exchange in 2016-2019. This research uses quantitative descriptive analysis. This type of research is in the form of knowledge that uses numerical data as a measuring tool to analyze. The number of samples used as many as 41 companies. Sample selection was made using purposive sampling. The data used for this research is secondary data, namely data in the form of annual financial report data for the 2016-2019 period. The data were tested by statistical data analysis in multiple regression analysis, where the classical assumption test was first tested using SPSS.


2020 ◽  
Vol 5 (2) ◽  
pp. 275
Author(s):  
Hendy Satria ◽  
Jeni Jeni

<p><em>This research was conducted to determine the influence of IFRS convergence on earnings management. The main variable in this research is IFRS convergence. This research also use variable control to get other different influences such as size, growth, leverage and return on equity. The objects selected for this research are 32 samples of manufacture companies listed in Indonesia Stock Exchange with observation for 4 years totaling 128 observation samples, but because the data shows abnormal so researcher have done a data reduction using outliers test and the total sample obtained is 120 data samples. The analytical method used in this reserach is quantitative descriptive. The analysis test used is descriptive analysis, classical assumption test, multiple linear regression, hypothesis test (partial test and stimultaneous test), correlation analysis of R, test of coefficient determination, and paired sample t test. The results of analysis multiple linear regression test showed IFRS, growth and leverage have a significant effect on earnings management, while company size and return on equity have no significant effect on earnings management.</em></p><p> </p><p><em>Penelitian ini bertujuan untuk meneliti pengaruh konvergensi IFRS terhadap manajemen laba. Variabel utama dalam penelitian ini adalah Konvergensi IFRS dan Manajemen Laba. Dalam penelitian ini juga menggunakan variabel kontrol untuk menemukan apakah ada pengaruh lain yang berbeda antara lain ukuran perusahaan, pertumbuhan perusahaan, leverage, dan return on equity.Objek penelitian yang diambil berjumlah 32 sampel perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia dengan periode pengamatan selama 4 tahun sehingga berjumlah 128 sampel observasi, tetapi dikarenakan pada saat pengujian awal data menunjukkan tidak normal, maka peneliti melakukan reduksi data dengan uji outliers sehingga total sampel yang didapat menjadi 120 sampel data. Metode analisis yang digunakan dalam penelitian ini adalah metode kuantitatif. Uji analisis yang digunakan adalah analisis deskriptif, uji asumsi klasik, regresi linier berganda, uji hipotesis (uji parsial dan uji simultan), uji koefisien determinasi dan uji beda t test. Hasil dari pengujian analisis linear berganda menunjukkan bahwa IFRS, pertumbuhan perusahaan dan leverage berpengaruh signifikan terhadap manajemen laba, sedangkan ukuran perusahaan dan return on equity tidak berpengaruh signifikan terhadap manajemen laba.</em></p>


2019 ◽  
Vol 3 (1) ◽  
pp. 39
Author(s):  
Juhaeri Juhaeri ◽  
Paeno Paeno ◽  
Udin Ahidin ◽  
Kautsarzafira Kautsarzafira

Responding to intense competition, companies must have a competitive strategy. No matter how good a product is if consumers are not notified, then the product will not be purchased by consumers. The main purpose of this study was to determine the costs incurred, to determine sales, and to determine the effect of promotional costs on sales at Gas15 Coffee And Friend Restaurant in Ciputat, South Tangerang City. The research method used in this research is a quantitative descriptive and quantitative associative approach with the verification approach. The method of collection is by observing, studying documentation and studying literature. The analytical method used is the Simple Linear Regression Test, Product Moment Correlation Test, Determination Test, and Hypothesis Test (t-test). The data is then processed using the Statistical Social Science (SPSS) version 23.00. The results of this study indicate that the promotion costs incurred during the past five years have increased. Sales over the past five years have fluctuated. There is a very strong positive influence and promotion costs on sales at Gas15 Coffee And Friend Restaurant in Ciputat, South Tangerang City


2018 ◽  
Author(s):  
STIM Sukma

The purpose of this study is to determine the effect of capital structure on corporate performance Population of this study is the financial statements of PT. Astra International Tbk listed on Indonesia Stock Exchange 2009-2016. This research is quantitative descriptive research to know influence of capital structure to company performance. The data collection instrument uses direct documentation and observation which is then analyzed using simple linear regression. Data analysis using simple linear regression test, hypothesis test using SPSS 20. The result obtained is capital structure have positive and significant effect to company performance.


2019 ◽  
Vol 7 (1) ◽  
pp. 56-63
Author(s):  
Agustian Zisokhi Lase ◽  
Jubi Jubi ◽  
Elly Susanti ◽  
Debi Eka Putri

The objectives of this research are 1. Identify the liquidity, activity, profitability and value of sub sector cable company listed on Indonesian stock exchange. 2. Identify the liquidity, activity, profitability effect to the value of sub sector cable company listed on Indonesian stock exchange simultaneously or partially. This research was done by using the method of qualitative descriptive and quantitative descriptive analysis. The objectives this research used sub sector cable company listed on Indonesian stock exchange. The data was collected by using documentation method. The analytical techniques used are classical assumption test, multiple linear analysis, correlation coefficient  determination coefficient and hypothesis test.The result of multiple linear regression test had a negative effect to the value of the company. The results of the correlation coefficient and correlation determination analysis concluded that liquidity, activity, and profitability, have a strong connection with the company value and influenced by another variable. Simultaneous test results obtained that liquidity, activity, and profitability influence don't have a significant effect to the company value.This research suggests that the company should increase sale, accelerate debt collection, minimize operational cost and stabilize dividend development to the investor, so it can increase the company profits Keywords : Liquidity, Activity, Profitability and Company Value


2019 ◽  
Vol 4 (2) ◽  
pp. 12-19
Author(s):  
Evryl Claudia Tarigan ◽  
Jubi Jubi ◽  
Ady Inrawan ◽  
Supitriyani Supitriyani

AbstrakTujuan penelitian ini adalah untuk mengetahui: 1. Gambaran likuiditas, profitabilitas, kebijakan dividen, dan nilai perusahaan. 2. Pengaruh likuiditas dan profitabilitas terhadap nilai perusahaan baik secara simultan maupun parsial. 3. Kemampuan kebijakan dividen dalam memoderasi hubungan likuiditas dan profitabilitas dengan nilai perusahaan pada Perusahaan Sub Sektor Makanan dan Minuman yang terdaftar di Bursa Efek Indonesia secara parsial. Penelitian ini dilakukan dengan metode analisis deskriptif kualitatif dan analisis deskriptif kuantitatif. Pengumpulan data dilakukan dengan metode dokumentasi. Teknik analisis yang digunakan adalah uji asumsi klasik, analisis regresi linear berganda, koefisien korelasi dan determinasi serta uji hipotesis.Hasil penelitian ini dapat disimpulkan sebagai berikut: 1. Likuiditas, profitabilitas, dan kebijakan dividen mengalami peningkatan sedangkan nilai perusahaan mengalami penurunan. 2. Hasil pengujian regresi linear berganda tanpa variabel moderating diketahui bahwa likuiditas berpengaruh negatif, sementara profitabilitas berpengaruh positif terhadap nilai perusahaan. 3. Hasil pengujian regresi linear berganda dengan variabel moderating diketahui bahwa kebijakan dividen memperkuat hubungan likuiditas dengan nilai perusahaan, sementara kebijakan dividen memperlemah hubungan profitabilitas dengan nilai perusahaan. 4. Hasil uji hipotesis pertama dapat disimpulkan bahwa likuiditas dan profitabilitas berpengaruh signifikan terhadap nilai perusahaan secara simultan. Sedangkan secara parsial likuiditas berpengaruh tidak signifikan dan profitabilitas berpengaruh signifikan terhadap nilai perusahaan 5. Hasil uji hipotesis kedua dapat disimpulkan bahwa kebijakan dividen mampu memoderasi namun tidak signifikan hubungan likuiditas dan profitabilitas dengan nilai perusahaan secara parsial.Saran yang dapat diberikan adalah sebaiknya perusahaan mengelola aset lancarnya secara efisien, lebih produktif dalam mengelola aset dalam meningkatkan laba perusahaan, menjaga profitabilitas tetap meningkat dan meningkatkan pembagian dividen. Kata Kunci : Likuiditas, Profitabilitas, Kebijakan Dividen dan Nilai PerusahaanAbstract            The aim of this research are to determine: 1. The description of liquidity, profitability, dividend policy and firm value. 2. The effect of liquidity and profitability on the firm value either simultaneously or partially. 3. The ability of dividend policy in moderated the effect of liquidity and profitability on the firm value of the company at Food and Beverage Sub Sector Company Listed in Indonesia Stock Exchange partially. The research was using qualitative and quantitative desriptive analysis. The data collection was using documentation. The analysis techniques used are multiple linear regression, correlation coefficient, coefficient of determination,F test and t test.The results of this research concluded as follows: 1. Liquidity , profitability, and dividend policy has decreased, while firm value has decreased. 2. The results of multiple linear regression testing without moderating variable are known that liquidity has a negative effect, while profitability has a positive effect on the firm value. 3. The results of multiple linear regression test with moderating variable is known that dividend policy strengthens weakens the relationship of liquidity with firm value, while dividend policy weakens the relationship of profitability with firm value. 4. The results of the first hypothesis can be concluded that liquidity and profitability has a significant effect on the firm value simultaneously. While partially liquidity has no significant effect and profitability has a significant effect on firm value 5. The result of the second hypothesis test can be concluded that dividend policy is able to moderate but there is no significant relationship between liquidity and profitability with the firm value partially.The result of this research suggests that the company should manage its current assets efficiently, be more productive in managing assets in increasing company profits, keeps profitability steady and increases dividend distribution.Keywords: Liquidity, Profitability,Dividend Policy and Firm Value


2019 ◽  
Vol 2 (2) ◽  
pp. 372
Author(s):  
Suryanta Suryanta

This study aims to analyze whether the performance of regional financial management influences economic growth in Depok City, analyzes whether the performance of regional financial management influences unemployment in Depok City, and analyzes whether the performance of regional financial management affects poverty in Depok City with the 2006 study period- 2015 The analysis method used is quantitative descriptive analysis and simple linear regression statistical analysis. Based on the results of hypothesis testing it can be proven that the performance of regional financial management (independence ratio) has a positive and significant effect on economic growth, this can be seen from the value of sig. 0.046 <0.05 with a regression coefficient of 1.883. Then the performance of regional financial management has a negative and significant effect on unemployment, this can be seen from the value of sig. 0.030 <0.05 with a regression coefficient of -6.864. But the performance of regional financial management has no significant effect on poverty, this can be seen from the sig. 0.065> 0.05 with a regression coefficient of -0.512. This can be due to the still high income gap in the community, so that the increasing regional income has not been able to significantly reduce poverty in Depok.


2021 ◽  
Author(s):  
Dihin Septyanto ◽  
Ikhwan Maulid Nugraha

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


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