KAPITAL : Jurnal Akutansi & Pasar Modal

PERAN INFLASI PEMODERASI LIKUIDITAS DAN PROFITABILITAS TERHADAP HARGA SAHAM

Firdaus Indrajaya — 2024-12-31

Abstract

Purpose― The purpose of this research is to comprehensively and specifically investigate the role of inflation as a moderating variable in relation to liquidity and profitability on the stock prices of pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange (IDX) from 2017 to 2022.

Method— The method used in this research employs quantitative methods. Quantitative research involves data in numerical form and is measured using Statistical Product and Service Solutions (SPSS version 25).

Finding— The findings of this study explain that inflation cannot serve as a moderating variable. Inflation tends not to be used as a moderating variable due to its broad and complex nature, as well as its nonspecific influence on the relationship between independent and dependent variables within the specific research context.

Implikasi— The findings of this study can be used as a comparative tool in decision-making. Additionally, this research is beneficial for investors, including creditors providing capital, as an evaluation tool for targeted achievements.

Originality— The novelty of this research lies in the study year and the variables used. To enhance the quality of future research, researchers are encouraged to specify the study year and variables used.

Keywords-- Liquidity, Profitability, Inflation, Stock Price

PENGARUH PENJUALAN, PROFITABILITAS DAN SOLVABILITAS TERHADAP NILAI PERUSAHAAN

Siti Nur Nadhi’ah — 2024-12-31

Abstract

Purpose― The research aims to evaluate the impact of sales, profitability, and solvency on the market value of pharmaceutical businesses listed on the Indonesia Stock Exchange between 2019 and 2023.

Method— Pharmaceutical businesses registered on the Indonesia Stock Exchange between 2019 and 2023 comprise the demographic and research sample for this quantitative study. Saturated sample methodology is employed in this study, with samples drawn from each of the 11 populations that make up the firms.

Finding— Upon examination of the analysis's findings, it was discovered that sales positively and significantly impacted company value, profitability positively and significantly impacted company value, solvency positively and significantly impacted company value to a partial extent, and sales, profitability, and solvency all significantly and simultaneously impacted company value.

Implikasi— Investors might benefit from the study's practical consequences when deciding on policies pertaining to sales, profitability, and solvency on company value. The findings of this investigation have theoretical ramifications that help to understand signal theory and agency theory. This empirical policy's consequences offer proof of how sales, profitability, and solvency affect company value.

Originality— The uniqueness of this study is demonstrated by how it differs from other studies. Rahman (2021) for example, explains that sales, profitability, and solvency all significantly affect a company's value at the same time. The second (Yusmaniarti, 2021) clarifies how the company's worth is impacted concurrently by sales, profitability, and solvency.

Keywords-- Sales, Profitability, Company value

PERAN PEMBIAYAAN MUDHARABAH PEMODERASI PENDAPATAN BAGI HASIL DAN BEBAN OPERASIONAL TERHADAP LABA BERSIH PADA BANK SYARIAH DI DIINDONESIA

Shonia Yunita Puspita Sari — 2024-12-31

Purpose― This research aims to analyze whether mudharabah financing and operational expenses have an impact on net profit or not, as well as whether profit sharing income is able to moderate the relationship between mudharabah financing and operational expenses on profits in Indonesian sharia banking companies for the 2021-2023 period.

Method—Design/Methodology/Approach: Secondary data was used using saturated sampling techniques to produce a total sample of 95 data

Finding— This research uses a quantitative approach with multiple linear regression and MRA.

Implikasi— The implications show that company management must carefully consider the internal and external factors that influence mudharabah financing when making decisions..

Originality— To date, this research has not found similar research that specifically explores mudharabah financing as a mediator between profit sharing income and operational expenses and net profit.

PENGARUH LIKUIDITAS, SOLVABILITAS, DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN

Eka Ayu Firnanda — 2024-12-31

Purpose― The aim of this research is to determine and prove the effect of financial ratios on company value in food and beverage companies listed on the Indonesia Stock Exchange for the 2018-2022 period.

Method— This research uses a quantitative approach. Where the population of this study is food and beverage companies listed on the Indonesian stock exchange in 2018-2022. The analytical method used is multiple linear regression analysis calculated using the SPSS version 25 application.

Finding— The population of this research is 84 food and beverage companies listed on the Indonesia Stock Exchange for the 2018-2022 period. Based on the sampling method using purposive sampling, a sample of 10 companies was obtained.

Implikasi— practical application of this research can help universities, future researchers and companies. Theoretical implications are supported by agency theory and signaling theory.

Originality— Based on the test results, hypothesis testing shows that Liquidity (CR) has no and insignificant effect on company value, Solvency (DER) has a significant negative effect on company value, Profitability (ROE) has a positive and significant effect on company value . Simultaneously, liquidity, solvency and profitability have a significant effect on company value.

Keywords: liquidity,solvency,profitability,company value

PERAN KEPEMILIKAN MANAJERIAL PEMODERASI KOMPOSISI DEWAN DIREKSI DAN DEWAN KOMISARIS INDEPENDEN TERHADAP KINERJA KEUANGAN

Muh.Fashihul Lisan — 2024-12-31

Purpose― This study aims to examine and the role of managerial ownership moderating the composition of the Board of Directors and the Independent Managerial Board on financial performance in pharmaceutical sub-sector manufacturing companies for the period 2018-2022.

Method— The method used in this research is a quantitative method which is a method based on the philosophy of positivism, to research a certain population or sample, data collection uses research instruments, data analysis is quantitative/statistical.

Finding— The findings explain the results of this study are the Composition of the Board of Directors proxied (KDD) has a positive and significant effect on financial performance, the Independent Managerial Board proxied (DKI) has a negative and significant effect..

Implikasi— The results of this study can provide information and input to companies so that they can prepare financial reports that have high conservatism and can be trusted by financial report users.

Originality—The novelty of this research lies in the role of managerial ownership in moderating the composition of the board of directors and board of independent commissioners on financial performance in property and real estate companies listed on the indonesia stock exchange (bei) for the 2018-2022 period.

PENGARUH ARUS KAS OPERASI, ARUS KAS INVESTASI, DAN ARUS KAS PENDANAAN TERHADAP RETURN SAHAM

Nur Alfu Laily — 2024-12-31

Purpose―This study aims to examine and prove the effect of operating cash flow, investment cash flow, and funding cash flow on stock returns in food and beverage sub-sector companies during the 2019-2023 period.

Method— This study uses a quantitative approach with multiple linear regression analysis. With a sample size of 21 companies using data processing with SPSS version 25.

Finding— Partial research results show that operating cash flow and funding cash flow have a significant effect on stock returns, while investment cash flow has no significant effect on stock returns. Simultaneously operating cash flow, investment cash flow, and funding cash flow affect stock returns.

Implikasi—The implications of the results of this study are that company management is expected to be careful in making policies, taking into account internal and external factors that can affect stock returns. For investors, it is hoped that these results will be used as a reference when investing their shares in food and beverage companies..

Originality—The results of observations of current research have not found the same research using food and beverage sub-sector companies in 2019-2023.

Keywords-- Operating cash flow, investing cash flow, funding cash flow, and stock return.