Pengaruh Kinerja Keuangan Likuiditas, Leverage dan Profitabilitas terhadap Financial Distress

Arief, Harefan; Fauzi, Firman; Saratian, Eko Tama Putra; Ashshidiqy, Nurdin; Kolis, David Nabhan

doi:10.22441/jdm.v4i1.12130

Cited by 3 publications

(3 citation statements)

References 4 publications

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“…These two types of ratios show the overall operational effectiveness of the company. The use of profitability ratios can be accomplished through comparison between various components in the financial reports (Arief et al, 2021). The main purpose is to detect the company's progress in a specific period, either decreasing or increasing, as well as looking for the causes of these changes.…”

Section: Profitabilitymentioning

confidence: 99%

The Effectiveness of Liquidity, Solvency, and Profitability Ratios against the Stock Returns of the Company

Riwayati,

Markonah,

Sholeha

2023

MIX

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Objectives: A company’s bottom line analysis is one of the essential factors that should be done by the shareholders when deciding to invest their shares in the company. It gives a clear view of whether shares will be bought, sold, or retained. This research aims to reveal the effectiveness of liquidity which is represented by current ratio (CR) solvency in the form of debt-to-equity ratio (DER) and profitability proxies by return on equity (ROE) towards Stock returns in service sector Industries.Methodology: The research population used consists of 76 service sector firms that are active in the property, real estate, and building construction sectors that are registered at the Indonesia Stock Exchange. The purposive method is used as the sampling technique with a total sample of 22 service companies. The data used in this study were gathered from financial reports during 2016-2020. Panel data regression is performed while the analysis technique is processed through E-views 9.Finding The results indicate the implementation of the fixed effect model has found that liquidity in this case is the current ratio and profitability which is represented by ROE showed that variables do not affect stock returns while solvency which is represented by debt-to-equity ratio has an impact on the stock returns. The current ratio does not affect the return on equity, while the debt-to-equity ratio has a negative effect on return on equity. The current ratio and debt-to-equity ratio mediated by return on equity do not affect stock returns.Conclusion: High liquidity indicates an increase in company performance but in this case, liquidity is still not considered as a determining factor for investors in investing because investors are more focused on the use of capital and debt.

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Section: Profitabilitymentioning

confidence: 99%

The Effectiveness of Liquidity, Solvency, and Profitability Ratios against the Stock Returns of the Company

Riwayati,

Markonah,

Sholeha

2023

MIX

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“…The amount of profit the business generates increases in direct proportion to its level of profitability. This ratio is used to assess how well management is managing the company's resources as seen by the earnings from sales and investments (Kasmir, 2019;Arief, 2021). According to Prihadi (2020), profitability is the ability to generate profit.…”

Section: Profitabilitymentioning

confidence: 99%

The Determinants of Intellectual Capital Disclosure on Firm Value: The Evidence on the Financial Companies in Indonesia

Nasution

Iskandar

Rangkuti

et al. 2023

MIX

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Objectives: Firm value is the price of the firm that can be sold with a price agreement that will be paid by the buyer. A high stock price will increase the value of the company and increase the prosperity of the investors. Therefore, to attract the attention of buyers of company shares, companies must provide the best and most detailed financial information possible. As for information that can be disclosed in financial reports, namely intellectual capital. The presence of PSAK No. 19 concerning intangible assets marked the beginning of the phenomenon of intellectual capital in Indonesia. It turns out that although Intellectual Capital Disclosure has started to grow in Indonesia, the growth is still very small. Companies in Indonesia should be required to disclose their intellectual property, particularly in the financial industry. This is because the financial services sector which is highly dependent on information uses more intellectual capital in its operations than the industrial sector which relies more on tangible assets. As it is known, the disclosure of intellectual capital can provide an attraction for investors to increase the value of the company. This study aims to find out how factors such as firm age, leverage, profitability, and independent commissioners affect firm value through the disclosure of intellectual capital.Methodology: This study uses a sample of financial sector companies listed on the Indonesia Stock Exchange in 2020-2021 with a total population of 105 companies and a total sample of 83 companies. This research uses panel data.Finding: According to the findings of this study, business size, profitability, age, independent commissioners, and disclosure of intellectual capital have a beneficial impact on firm value of about 43%. However, leverage does not affect firm value. Furthermore, the mediation test results show that disclosure of intellectual capital is not able to mediate the relationship between the effect of firm size, leverage, profitability, and firm age on firm value. Only the influence of independent commissioners mediates firm value.Conclusion: For future researchers, it is expected to increase the research period and add other factors that influence the disclosure of intellectual capital.

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“…Thus, financial literacy, financial inclusion, and self-control affect saving behavior (Alshebami & Aldhyani, 2022). Previous research focused on the performance of SMEs (Agyei, 2018;Kulathunga et al, 2020), investment decisions (Al-Tamimi & Anood Bin Kalli, 2009;Adil et al, 2022;Abdeldayem, 2019;Arief, H., et al, 2021), consumptive behavior (Muñoz-Céspedes et al, 2021;Ridhayani & Johan, 2020;Gunawan et al, 2022) and financial behavior (Arofah et al, 2018;Capuano & Ramsay, 2011;Yahaya et al, 2019;Rahayu & Rahmawati, 2021). However, studies on the effect of financial literacy and financial inclusion on saving behavior moderated by self-control of university students are very minimal, especially in the city of Medan.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Financial Literacy and Financial Inclusion towards the Saving Behavior of the Students

Irfan,

Nasyalia,

Muhyarsyah

et al. 2023

MIX

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Objectives: The purpose of this study was to assess and analyze the impact of Financial Literacy and Financial Inclusion on Saving Behavior using Self-Control as a moderator variable at the Department of Accounting, Faculty of Economics and Business, Private Islamic University in Medan City.Methodology: This study takes an associative method. This survey included 3747 students from the Department of Accounting, Faculty of Economics and Business, Private Islamic University in Medan City. The Slovin algorithm was used to sample 97 students from the Department of Accounting, Faculty of Economics and Business, Private Islamic University in Medan City. Data for this study were gathered through observation and questionnaires. This study's data processing processes used a quantitative approach with statistical analysis using the PLS (Partial Least Square) software tool.Findings: The findings of this study show that financial literacy and financial inclusion have a significant effect on saving behavior and that self-control does not moderate the effect of financial literacy and financial inclusion on saving behavior of Department of Accounting students, Faculty of Economics and Business, Private Islamic University in Medan City.Conclusion: This study examines how financial literacy and financial inclusion affect student saving behavior and self-control as a moderating variable. Students are the right generation to implement financial education because students are agents of change with the hope of bringing change in a better direction than before.

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Pengaruh Kinerja Keuangan Likuiditas, Leverage dan Profitabilitas terhadap Financial Distress

Cited by 3 publications

References 4 publications

The Effectiveness of Liquidity, Solvency, and Profitability Ratios against the Stock Returns of the Company

The Effectiveness of Liquidity, Solvency, and Profitability Ratios against the Stock Returns of the Company

The Determinants of Intellectual Capital Disclosure on Firm Value: The Evidence on the Financial Companies in Indonesia

The Impact of Financial Literacy and Financial Inclusion towards the Saving Behavior of the Students

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