The Influence of Asset Structure, Capital Structure, Risk Management and Good Corporate Governance on Financial Performance and Value of The Firm through Earnings and Free Cash Flow As An Intervening Variable in Banking Companies Listed in Indonesia Stock Exchange

Ukhriyawati, Catur Fatchu; Ratnawati, Tri; Riyadi, Slamet

doi:10.5539/ijbm.v12n8p249

Cited by 17 publications

(19 citation statements)

References 8 publications

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“…Perhitungan kinerja portofolio dapat diukur berdasarkan Sharpe Index, Treynor's Index, Jensen Index dan Sortino Ratio(Robiyanto et al, 2017; Angriana & Robiyanto, 2018; Santosa dan Sjam, 2012;Tuerah, 2013;Ukhriyawati et al, 2017; Hartono, 2010) yang dirumuskan sebagai berikut:…”

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Perumusan Portofolio Dinamis Cryptocurrency Dengan Saham-Saham Lq45

Pamilangan

Robiyanto

2019

JISH-UNDIKSHA

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Penelitian ini bertujuan untuk menganalisis kinerja portofolio yang dibentuk antara cryptocurrency dengan indeks LQ45 apakah memiliki kinerja yang lebih baik daripada portofolio yang hanya dibentuk dari indeks LQ45 saja. Jenis data yang digunakan dalam penelitian ini yaitu data sekunder berupa time series dengan periode penelitian Juni 2016 sampai Juni 2019. Data dalam penelitian ini berupa data kuantitatif. Hasil penelitian menunjukkan bahwa cryptocurrency memiliki korelasi negatif dengan indeks LQ45 sehingga dapat dijadikan sebagai aset lindung nilai. Pengukuran kinerja portofolio diukur berdasarkan Sharpe index, Treynor index, Jensen index dan Sortino ratio. Secara singkat, hasil dari pengukuran kinerja portofolio dapat disimpulkan bahwa dengan melibatkan cryptocurrency ke dalam pembentukan portofolio akan menghasilkan kinerja portofolio yang lebih baik.Kata kunci : Portofolio, Lindung Nilai, Cryptocurrency , Indeks LQ45, DCC-GARCH.

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Perumusan Portofolio Dinamis Cryptocurrency Dengan Saham-Saham Lq45

Pamilangan

Robiyanto

2019

JISH-UNDIKSHA

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“…Assets structure is one of the aspects relating to the firm resources which describe the assets structure, like the fixed assets, current assets, they are the ownerships of the firm at a certain time for a certain period that can be measured through the following equation: (Desmintari & yetty, 2016;Machali & Setiadharma, 2017;Ukhriyawati et al, 2017).…”

Section: Company Sizementioning

confidence: 99%

“…Other assets ratio to total assets. (Al-Ani, 2014;Ukhriyawati et al, 2017) pointed out that assets structure is a group of tangible assets of the firm in establishing and expanding its tasks and using them in its operations, the tangible assets must be used as insurance to get debt finance from the bank as lenders (Myers, 1977). According to (Titman & Wessels, 1988;Harris & Raviv, 1991) asset tangibility are the main factor in deciding the firm's debt level, and the empirical studies have shown that the assets tangibility is positively related to debt ratio.…”

Section: Company Sizementioning

confidence: 99%

“…And the studies of (Ayturk et al, 2016;Akpinar, 2016;Senol et al, 2017) were used for the size variable. For asset structure, the studies of (Al-Ani, 2014; Noghondari & Noghondari 2017;Ukhriyawati et al, 2017). The dependent variable represented in the value of the firm which was measured through Tobin's q equation for that the studies of (Fu et al, (2016); Chung & Pruitt, (1994) were used.…”

Section: Model Of Studymentioning

confidence: 99%

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Impact of Financial Leverage, Size and Assets Structure on Firm Value: Evidence from Industrial Sector, Jordan

Al-Slehat¹

2019

IBR

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The present study aims at revealing the financial leverage, Size, and asset structure and its impact on the values of firms. The researcher used the analytical method approach for a sample of 13 firms from the mining and extraction industry sector listed on the Amman stock exchange of the period 2010-2018.The model of simple line regression was used for testing the hypotheses of the study by using both programs of (E-views, STATA) in addition to both programs of unit root test and variance inflation factor to make sure of the data stability and no relationship between variables. The study concluded the non-existence of the impact of financial leverage on the firm value and the relationship between the financial leverage and Tobin’s q scale was negative. However, there was an impact of each size and asset structure on firm value and the relationship between the natural logarithm of size and asset structure was positive with Tobin’s q. The study recommends that Companies must achieve an optimal mixture of debt and equity, for long-term survival and hence the growth of the company.

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“…The financial performance with GPM indicators and fixed asset turnover has a positive and significant effect on the value of the company in terms of EPS, PBV, and Tobin's Q will increase. The researcher accepted the study of Ukhriyawati, Ratnawati, and Riyadi (2017) and Dwipartha and Witha (2013), which shows the financial performance of a company's value has a positive and significant influence.…”

Section: Propositionmentioning

confidence: 99%

Audit Opinion: Model Value of the Firm State-Owned Business Enterprises Indonesia

Hwihanus¹,

Yuhertiana²

2019

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This study aimed to assess and analyzed the influence of micro and macro fundamental, ownership structure, financial performance, and auditor's opinion on the value of the company in State Owned Enterprises considering that 51% of shareholding is fully owned and controlled by the government so management has some rights in decision making. The interest of researchers in observing State Owned Enterprises on interest ownership interest in investors and potential investors compared to private companies that fluctuate in accordance with state economic conditions and government decisions that provide sentiment for stocks. Research population at 20 State Owned Enterprises listed on Indonesia Stock Exchange. This research method used purposive sampling with 12 companies in 2010-2015. Data analysis techniques in this study used Partial Least Square consists of Inner model, Outers model, and Weight relation. The result of analysis of hypothesis test of research showing all test accepted with significant level 5% influence equal to 1.960 except macro fund influence 0.0031421 and not significant equal to 1.914374 so rejected (H5) and macro fundamentals have effect 0.040271 and not significant equal 1.674420 thus rejected (H7).

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The Influence of Asset Structure, Capital Structure, Risk Management and Good Corporate Governance on Financial Performance and Value of The Firm through Earnings and Free Cash Flow As An Intervening Variable in Banking Companies Listed in Indonesia Stock Exchange

Cited by 17 publications

References 8 publications

Perumusan Portofolio Dinamis Cryptocurrency Dengan Saham-Saham Lq45

Perumusan Portofolio Dinamis Cryptocurrency Dengan Saham-Saham Lq45

Impact of Financial Leverage, Size and Assets Structure on Firm Value: Evidence from Industrial Sector, Jordan

Audit Opinion: Model Value of the Firm State-Owned Business Enterprises Indonesia

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