Tujuan penelitian mengetahui pengaruh kebijakan hutang dan kebijakan dividen terhadap nilai perusahaan pada Sub Sektor Rokok yang Terdaftar di Bursa Efek Indonesia. Teknik analisis data dalam penelitian ini menggunakan analisis deskriptif kualitatif dan kuantitatif yang meliputi uji asumsi klasik, analisis regresi linier berganda, dan uji hipotesis. Hasil penelitian disimpulkan sebagai berikut: 1) Hasil uji regresi linier berganda Y = -4,615 + 5,255X1 + 11,725X2 berarti kebijakan hutang dan kebijakan dividen berpengaruh positif terhadap nilai perusahaan. 2) terdapat korelasi yang kuat antara kebijakan hutang dan kebijakan dividen terhadap nilai perusahaan sebesar 0,529. 3) Hasil penelitian menunjukkan bahwa kebijakan hutang dan kebijakan dividen secara simultan berpengaruh positif dan signifikan terhadap nilai perusahaan dan secara parsial menunjukkan bahwa kebijakan hutang berpengaruh positif dan tidak signifikan terhadap nilai perusahaan sedangkan kebijakan dividen berpengaruh positif dan signifikan terhadap nilai perusahaan.Kata kunci: Kebijakan Hutang, Kebijakan Dividen, dan Nilai Perusahaan

Tujuan dari penelitian ini adalah untuk mengetahui gambaran likuiditas, leverage, profitabilitas, dan nilai perusahaanserta pengaruh likuiditas, leverage, profitabilitas terhadap nilai perusahaan pada PT Adhi Karya (Persero), Tbk yang terdaftar di Bursa Efek Indonesia. Metode analisis yang digunakan dalam penelitian ini adalah metode analisis deskriptif kualitatif dan analisis deskriptif kuantitatif. Objek penelitian ini adalah PT Adhi Karya (Persero),Tbk yang terdaftar di Bursa Efek Indonesia tahun 2011 sampai tahun 2015. Metode yang digunakan untuk analisis data dalam penelitian ini adalah uji asumsi klasik, analisis regresi linier berganda, koefisien korelasi, koefisien determinasi, dan uji hipotesis (uji F dan uji t). Pengujian dilakukan dengan menggunakan bantuan program Sofware Statistical Product and Service Solution (SPSS) versi 20.0.Hasil analisa dari regresi linier berganda yaitu: = -1354,803 + 8,110X1 + 1,207X2 – 5,688X3.Hal ini menunjukkan bahwa likuiditas dan leverage berpengaruh positif terhadap nilai perusahaan, sedangkan profitabilitas berpengaruh negatif terhadap nilai perusahaan. Hasil kolerasi yaitu r = 0,828 artinya korelasi atau hubunganantara likuiditas dan leverage dengan nilai perusahaan adalah sangat kuat. Dari koefisien determinasi nilai perusahaan dapat dijelaskan oleh likuiditas dan leverage sebesar 68,6% dan sisanya 31,4% dipengaruhi atau dijelaskan variabel lain yang tidak dimasukkan dalam model penelitian ini. Hipotesis penelitian H0 ditolak dengan tingkat signifikansi 0,000lebih kecil dari 5% atau 0,000 < 0,05, artinya likuiditas, leverage, dan profitabilitas secara simultan berpengaruh signifikan terhadap nilai perusahaan pada PT Adhi Karya (Persero), Tbk yang terdaftar di Bursa Efek Indonesia.

Financial statements delivered promptly are useful in analyzing and making decisions in the economic field that can contribute to national economic growth. The timeliness of financial statements on the results of the audit report can also affect the value of the financial statements. This research aims to determine the influence of leverage, profitability, and company size on audit delay as well as the impact of the reputation of public accounting firms (KAP) as a mediating influence of leverage, profitability, and company size towards audit delay. This research was conducted on twenty Large Trading Companies during the period 2015-2019 which totaled 100 data. The data analysis techniques used in this research are descriptive statistical analysis, classical assumption test, multiple regression analysis, and hypothesis testing. The results showed that partially leverage, profitability, and KAP’s reputation had an insignificant influence on audit delay, while the company size has a significant influence on audit delay. Furthermore, the reputation of public accounting firms can moderate the influence of leverage on audit delay but is unable to moderate the influence of the company size and profitability on audit delay.

The improper company’s financial condition can affect the company’s performance to stay on track in the airline’s competition. The company should be gaining extra efforts, especially the management system, to achieve the company goal of obtaining the maximum profit. This study aimed to analyse the financial distress of Indonesian airline companies. This study was designed using a quantitative approach through secondary data collected from the financial report of the Indonesia Stock Exchange (IDX) from 2016 to 2020. The data were analysed using the Altman Z-Score. The variable of this study includes working capital to total assets, retained earnings to total assets, earnings before interest and taxes to total assets, market value of equity to book value of total liabilities and sales to total assets. The results of the study revealed that PT. Garuda Indonesia faced the financial difficulty that potentially led to bankruptcy risk. Evidence on the basis of Altman Z-Score value of PT. Garuda Indonesia in 2016-2020 is less than 1.81. In 2020, PT. Garuda Indonesia suffered high losses due to the impact of the COVID-19 pandemic.

Economic development is determined by many factors, for example by the state of natural resources, human resource capabilities, and technology. Many countries are expanding references to political-economic development that still focus on the availability of their natural resources. Experience in some developed countries such as Japan and Singapore shows that the availability of natural resources is in fact not a dominant factor in political-economic development. Countries with limited natural resources have, it turns out to have a comparative advantage in the field of human resources and technology. The development of human resources needs to get dominant attention due to the limitations of its natural resources. The responsibility for development lies with the community and the government.