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Dividend Policy as Moderating Variable to the Consumer Goods Company on the Indonesia Stock Exchange Nagian Toni; Enda Noviyanti Simorangkir; Thomas Sumarsan Goh
Binus Business Review Vol. 12 No. 3 (2021): Binus Business Review
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/bbr.v12i3.6815

Abstract

The capital market in Indonesia includes many companies from several sectors. One company that cannot be separated from the Indonesian stock market is a consumer goods company. The research aimed to analyze the effect of profitability and capital structure on the company with dividend policy as moderating variable to the consumer goods companies registered on the Indonesia Stock Exchange in the period of 2014-2018. The population in the research was consumer goods companies with subsector of food and drink, cigarette, cosmetic pharmacy, and household goods and appliances. The research applied purposive sampling and obtained 15 companies with 5 years of observation or around 75 samples. Then, the data were analyzed using Smart PLS 3.0. The analysis result shows that profitability, capital structure, and company size positively and significantly influence the company value. However, dividend policy cannot moderate the effect of profitability and capital structure on the company value. The dividend policy can moderate the effect of company size on the company value. Then, profitability, capital structure, and company size influence the company value of 88,6%, while the other factors influence the rest. Investors should decide on issuers with high profitability above 5%, the optimal capital structure with the debt-to-equity ratio between 0,8-1,2, and total assets above five trillion Rupiah.
Factors Affect Tourism Stock Price in Indonesia Thomas Sumarsan Goh; Henry Henry; Nagian Toni; Erika Erika; Gai Sin Liem
International Journal of Communication and Society Vol 4, No 1 (2022): June
Publisher : Association for Scientific Computing Electrical and Engineering (ASCEE)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31763/ijcs.v4i1.507

Abstract

The study aims to examine which factors affect the tourism stock price more. The study uses weekly exchange rate and tourism stock prices; the inflation, interest rate, and the number of tourism use monthly data. Using descriptive statistics, correlation matrix, augmented Dickey Fuller's unit root test, VAR, the Granger causality test, and Impulse Response. The results show that all the variables in our observations have no causal relationship. Interest rates do not have a causal relationship with exchange rates, inflation, number of tourists, and tourism stock prices. The VAR models show interest rate has a negative impact on tourism stock price, exchange rate, and the number of tourists positively impacting tourism stock price. Inflation has no impact on tourism stock price. A decrease in interest rates will encourage investment to develop a business. A decrease in the IDR exchange rate against the USD will lower the product's price, so foreign tourists will feel that Indonesian goods are getting cheaper; thus, they will spend more and increase the tourism company's share price. Regulators can use the research results by lowering and maintaining the stability of interest rates, exchange rates, inflation, and increasing the number of tourists to Indonesia. 
The Effect of LDR, Capital Structure, Operational Cost of Operational Income and NPL on ROA at the Banking Companies Listed in IDX in 2014-2018 Period Angelia Angelia; Nagian Toni
Soshum: Jurnal Sosial dan Humaniora Vol 10 No 1 (2020): March 2020
Publisher : Politeknik Negeri Bali

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31940/soshum.v10i1.1548

Abstract

In creating and maintaining sound banking, it is necessary for banking institutions to get effective guidance and supervision from the government, especially Bank Indonesia. The purpose of this study was to determine and analyze the influence of Loan to Deposit Ratio, Capital Structure, Operational Costs Operating Income and Non Performing Loans on Return on Assets in Banking Companies listed on the Indonesia Stock Exchange Period 2014-2018 This study used a quantitative research approach. This type of research is explanatory research. The population in this study were 45 banking companies listed on the Indonesia Stock Exchange in the 2014-2018 period. The sample of this research is 105 financial reports from 21 banking companies listed on the Indonesia Stock Exchange in the 2014-2018 period. The results of the study are conclusions are the Loan to Deposit Ratio, Capital Structure, Operational Costs Operating Income, and Non Performing Loans simultaneously have a positive and significant effect on Return on Assets in registered banking companies on the Indonesia Stock Exchange in 2014-2018. Loan to Deposit Ratio and capital structure partially do not affect the Return on Assets of Banking Companies listed on the Indonesia Stock Exchange in 2014-2018. Operational Costs Operating Income and Non Performing Loans partially negatively affect the Return on Assets
Effect of Loan to Deposit Ratio, Capital Adequacy Ratio, Return On Equity, and Dividend Payout Ratio on stock prices with Bank Indonesia Interest Rates as Moderating Variables in Banking Companies on the Indonesia Stock Exchange Debri Ton Mario Hutasoit; Nagian Toni; Yeni Ariesa
International Journal of Social and Management Studies Vol. 3 No. 3 (2022): June 2022
Publisher : IJOSMAS

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (436.621 KB) | DOI: 10.5555/ijosmas.v3i3.207

Abstract

This study aimed to analyze the effect of Loan Deposit Ratio, Capital Adequacy Ratio, Return On Equity, and Dividend Payout Ratio on stock prices with Bank Indonesia interest rates as moderating variables. The research data was collected using secondary data from the financial statements of banking companies listed on the Indonesia Stock Exchange for the 2017-2020 period. The sample of issuers was selected by purposive sampling so that 18 companies were selected according to the criteria. The collected data is processed using the Partial Least Square (PLS) data analysis method with the help of SmartPLS software. The results show that there is no influence of Loan to Deposit Ratio, Capital Adequacy Ratio, and Dividend Payout Ratio on stock prices; there is an effect of Return On Equity on stock prices, then Bank Indonesia interest rates cannot moderate the influence of Loan to Deposit Ratio, Capital Adequacy Ratio, Return On Equity, and Dividend Payout Ratio to stock prices.
The effect of job satisfaction, organizational communication, work environment, and work motivation on the churchs employee performance Jonathan Charmian Vivaldy; Nagian Toni
BISMA (Bisnis dan Manajemen) Vol. 13 No. 1 (2020)
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (183.866 KB) | DOI: 10.26740/bisma.v13n1.p69-80

Abstract

This study aims to determine the effect of job satisfaction, organizational communication, work environment, and work motivation on the performance of big family of Indonesian Bethel Church Medan Plaza's employees both simultaneously and partially. The primary data is obtained by distributing questionnaires to all employees of the big family of Indonesian Bethel Church Medan Plaza. Data analysis was carried out by descriptive analysis, classical assumption test, and hypothesis test by multiple linear regression method. The result concludes that job satisfaction, organizational communication, work environment, and work motivation simultaneously affect employee performance. This research is expected to enrich the study of human resource management on the factors that influence performance in religious-based organizations that have not been widely studied in Indonesia. 
THE EFFECT OF DEBT TO ASSET RATIO, CASH POSITION AND FIRM SIZE ON DIVIDEND PAYOUT RATIO WITH PROFITABILITY AS MEDIATION VARIABLES IN THE PROPERTY AND REAL ESTATE SECTOR IN THE INDONESIA STOCK EXCHANGE IN 2016 – 2019 Jesslyn Kosasih; Nagian Toni; Widya Sari
Journal of Industrial Engineering & Management Research Vol. 3 No. 3 (2022): June 2022
Publisher : AGUSPATI Research Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.7777/jiemar.v3i3.360

Abstract

In the property and real estate industries on the Indonesia Stock Exchange from 2016 to 2019, this study intends to evaluate and analyze the effect of Debt to Asset Ratio, Cash Position, and Firm Size on the Dividend Payout Ratio with Profitability as a mediating variable. The population for this study will be property and real estate companies that have been listed on the Indonesia Stock Exchange for at least four years. Purposive sampling was the method adopted in this study. A deductive strategy was applied in the research. The data collection technique employed in this study was a documentation study, and the type of data used was secondary data. The data is processed using the SmartPLS application and the Partial Least Square data analysis approach is used in this study. The findings of this study show that debt to asset ratio and firm size have no impact on dividend payout ratio, however cash position has a positive impact. The study's findings also reveal that profitability has no effect on the dividend payout ratio when debt to asset ratio, cash position, or business size are taken into account. It is advised that other mediating variables such as business value be replaced in future studies.
The Effect Of Leverage And Liquidity On Company Value With Company Size As A Moderating Variable On Property And Real Estate Companies Listed On The Indonesia Stock Exchange In 2015-2020 vina; Nagian Toni; Galumbang Hutagalung
International Journal of Applied Finance and Business Studies Vol. 10 No. 1 (2022): June: Applied Finance and Business Studies
Publisher : TRIGIN PUBLISHER

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v10i1.48

Abstract

This study aims to examine and analyze the effect of leverage and liquidity on firm value with firm size as a moderating variable in property and real estate companies listed on the Indonesia Stock Exchange in 2015-2020. The sample of property and real estate is 12 companies, in a period of 6 years. The sampling technique is the Purposive Sampling Technique. The data collection technique is a documentation study with the type of data, namely secondary data. This research uses Partial Least Square data analysis method. And the data is processed with Smart PLS. The results of this study indicate that Leverage has a positive and significant effect on Price to Book Value, Liquidity has a positive and significant effect on Price to Book Value. Then the results of this study also show that Firm Size is not able to moderate the effect of Leverage and Liquidity on Firm Value. The amount of PBV variation can be explained by the independent variable of 5.4% and 94.6% can be explained by other variables such as Total Asset Turnover and others
Analysis Of The Effect Of Assets Structure, Capital Structure, And Liquidity On Company Value With Profitability As Intervening VariablesOn F&B Companies Listed On Idx For The 2017-2021 Period Isieny Wendy; Nagian Toni; Enda Noviyanti Simorangkir
International Journal of Applied Finance and Business Studies Vol. 10 No. 1 (2022): June: Applied Finance and Business Studies
Publisher : TRIGIN PUBLISHER

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v10i1.50

Abstract

This study aims to analyze the Analysis of the Effect of Asset Structure, Capital Structure, and Liquidity on Firm Value with Profitability as an Intervening Variable in F&B Companies Listed on the Indonesia Stock Exchange for the 2017-2021 Period. The population in the research conducted are 26 Food & Beverage companies listed on the IDX for the 2017-2021 period. The technique used in sampling is purposive sampling. The number of samples in this study were 10 F&B companies so that the number of observations made was 10 x 5 = 50 observations of F&B companies listed on the IDX for the 2017-2021 period. The data analysis tool uses Partial Least Square (PLS). The results of the analysis show that the asset structure does not affect the profitability of F&B companies listed on the IDX for the 2017-2021 period. The capital structure affects the profitability of F&B companies listed on the IDX for the 2017-2021 period. Liquidity affects the profitability of F&B companies listed on the IDX for the 2017-2021 period. Profitability has an effect on firm value in F&B companies listed on the IDX for the 2017-2021 period. Asset structure affects the firm value of F&B companies listed on the Indonesia Stock Exchange for the 2017-2021 period. Capital structure affects the firm value of F&B companies listed on the Indonesia Stock Exchange for the 2017-2021 period. Liquidity has no effect on firm value in F&B companies listed on the IDX for the 2017-2021 period. The asset structure has no effect on the value of the company which is intervened by the profitability of the F&B companies listed on the IDX for the 2017-2021 period. The capital structure affects the value of the company which is intervened by the profitability of F&B companies listed on the IDX for the period 2017-2021. Liquidity affects the value of the company which is intervened by the profitability of F&B companies listed on the IDX for the 2017-2021 period.
The Influence of Service Quality and Product Quality on Consumer Loyalty with Consumer Satisfaction as Moderating Variable at PT. Mabar Feed Indonesia Ryan Wijaya; Sofiyan Sofiyan; Yusuf Ronny Edward; Nagian Toni
Journal of Economics and Business Letters Vol. 2 No. 3 (2022): June 2022
Publisher : Privietlab

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55942/jebl.v2i3.159

Abstract

PT. Mabar Feed Indonesia is one of the companies engaged in the poultry feed industry for laying hens and meat. Other products produced by PT. Mabar Feed Indonesia in the form of shrimp and other animal feed. This study uses a quantitative approach with SPSS tools. This study found that service quality has a significant effect on consumer loyalty at PT. Mabar Feed Indonesia. Product quality has a significant effect on consumer loyalty at PT. Mabar Feed Indonesia. Service quality has an effect on consumer loyalty with consumer satisfaction as a moderating variable at PT. Mabar Feed Indonesia. Product quality affects consumer loyalty with consumer satisfaction as a moderating variable at PT. Mabar Feed Indonesia.