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Sales Growth and Firm Size Impact on Firm Value with ROA as a Moderating Variable Thomas Sumarsan Goh; Henry Henry; Erika Erika; Albert Albert
MIX: JURNAL ILMIAH MANAJEMEN Vol 12, No 1 (2022): MIX: Jurnal Ilmiah Manajemen
Publisher : Universitas Mercu Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22441/jurnal_mix.2022.v12i1.008

Abstract

Objectives: This study aims to determine the sales growth and firm size impact of the firm value, and the return on assets as the moderating variable. These independent variables are the sales growth and firm size, where the dependent variable is firm value. The objects of this study are the consumer goods companies which was listed on the Indonesia Stock Exchange market from 2015 to 2020.Methodology: The amount of sample is ten consumer goods companies based on the purposive sampling technique. The research method is using SPSS application to run the regression analysis and which covered the descriptive statistics, classical assumption tests, multiple linear regression analysis, moderation regression analysis, and the hypotheses tests. The data of the study are normally distributed, free from multicollinearity and heteroscedasticity.Finding: The hypothesis results show that sales growth results have negative impact and not significant to the firm value; the total assets have positive impact and not significant on the firm value; sales growth and total assets have impact on the firm value which is not significant simultaneously. Investors have to be careful on investing in the company because if they are taking sales growth and firm size into the account to invest, this may make mistakes. The variable of ROA also cannot moderate the model. Conclusion: A company with high sales growth and large firm size does not guarantee to operate efficiently to generate profit and increase the firm value. 
The effect of capital adequacy ratio and loan to deposit ratio on return on asset with non-performing loan as moderating variable in banking companies listed in BEI Thomas Sumarsan Goh; Erika Erika; Henry Henry; Syawaluddin Syawaluddin
JPPI (Jurnal Penelitian Pendidikan Indonesia) Vol 8, No 3 (2022): JPPI (Jurnal Penelitian Pendidikan Indonesia)
Publisher : Indonesian Institute for Counseling, Education and Theraphy (IICET)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29210/020221514

Abstract

This study aims to know the impact of capital adequacy and loan to deposit ratio on financial performance with credit risk as a moderating variable in the banking companies listed on the Indonesia Stock Exchange period of 2015 to 2019.We have 43 banking companies in population, and we take 23 companies as our samples. The data analysis model is an interaction method, usually referred to as Moderated Regression Analysis (MRA). The results show that capital adequacy has an impact on financial performance in banking companies listed on the Indonesia Stock Exchange from 2015 to 2019. The loan to deposit ratio does not effect financial performance. The existence of credit risk, as the moderating variable, will strengthen the relationship between capital adequacy and financial performance and the relationship between the loan to deposit ratio and financial performance. Also, the existence of credit risk as the moderating variable will strengthen capital adequacy and loan to deposit ratio on financial performance.
The effect of capital adequacy ratio and loan to deposit ratio on return on asset with non-performing loan as moderating variable in banking companies listed in BEI Thomas Sumarsan Goh; Erika Erika; Henry Henry; Syawaluddin Syawaluddin
JPPI (Jurnal Penelitian Pendidikan Indonesia) Vol 8, No 3 (2022): JPPI (Jurnal Penelitian Pendidikan Indonesia)
Publisher : Indonesian Institute for Counseling, Education and Theraphy (IICET)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29210/020221514

Abstract

This study aims to know the impact of capital adequacy and loan to deposit ratio on financial performance with credit risk as a moderating variable in the banking companies listed on the Indonesia Stock Exchange period of 2015 to 2019.We have 43 banking companies in population, and we take 23 companies as our samples. The data analysis model is an interaction method, usually referred to as Moderated Regression Analysis (MRA). The results show that capital adequacy has an impact on financial performance in banking companies listed on the Indonesia Stock Exchange from 2015 to 2019. The loan to deposit ratio does not effect financial performance. The existence of credit risk, as the moderating variable, will strengthen the relationship between capital adequacy and financial performance and the relationship between the loan to deposit ratio and financial performance. Also, the existence of credit risk as the moderating variable will strengthen capital adequacy and loan to deposit ratio on financial performance.