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Effect of Capital Structures on Firm Value with Sales Growth and Return on Sales as Control Variables in Consumer Goods Companies Zaenal Abidin; Rizki Reinaldy Putra; Mahelan Prabantarikso
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.v12i3.6724

Abstract

One of the attempts taken by the management to maximize the value of the company to compete with its rivals is decision-making related to capital structure strategy. The research sought to determine the effect of Short-Term Debt (STD) on Total Assets (TA), Long-Term Debt (LTD) to Total Assets (TA), and Total Debt (TD) to Total Assets (TA) on firm value by using return on sales and revenue growth as control variables. The research was a correlation research to observe the relationship between one variable and various other variables. The sample was consumer goods companies, especially food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange from 2015 to 2018. With a purposive sampling technique, there were 15 companies out of a total of 27 companies that met the criteria. Data were obtained from the Indonesia Stock Exchange website in the form of financial reports and closing prices. Then, structural equation modeling was used to analyze the data. Based on the analysis, there are several results. First, STD to TA and LTD to TA have a negative and significant impact on firm value. Second, TB to TA has a negative but insignificant impact on firm value. Third, sales growth has a positive and negligible effect. Last, return on sales has a negative and substantial effect.
THE INFLUENCE FROM FINANCIAL PERFORMANCE ON EARNING PER SHARE (EPS) WITH SOUNDNESS LEVEL OF BANKS AS INTERVENING VARIABLE AT BUKU IV BANKS CATEGORY IN INDONESIA Rosmery Thomas; Selamet Riyadi; Zaenal Abidin; Muhammad Iqbal
Dinasti International Journal of Education Management And Social Science Vol 2 No 1 (2020): Dinasti International Journal of Education Management and Social Science (October
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31933/dijemss.v2i1.560

Abstract

The purpose of this research was to analyze those influence of financial ratios towards earnings per share with soundness level of banks as an intervening variable based on risk-based bank rating method at BUKU IV Banks in Indonesia for the period of 2015-2019. The six banks are PT Bank Mandiri Tbk, PT Bank Rakyat Indonesia Tbk, PT Bank Negara Indonesia Tbk, PT Bank Central Asia Tbk, PT Bank CIMB Niaga Tbk and PT Bank Danamon Indonesia Tbk. This research used secondary data with quantitative approach. Data analysis technique used panel data regression by purposive sampling. The results showed that NPL & GCG had significant negative influence on soundness level of banks and NPL had significant negative impact on EPS. GCG had significant positive influence against EPS, and ROA & CAR did not have significant positive impact towards soundness level of banks & EPS, while soundness level of banks were not found to have significant negative affect to EPS, and soundness level of banks did not mediate NPL, GCG, ROA and CAR in affecting EPS
The Effect of Gender Diversity Top Management Team on Financial Performance of Banks in Indonesia Zaenal Abidin; Mulyono Mulyono; R. Mahelan Prabantarikso; Edian Fahmy; Maria Yuli Yanti
Journal of Business and Management Review Vol. 3 No. 11 (2022): (Issue-November)
Publisher : Profesional Muda Cendekia Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47153/jbmr311.4532022

Abstract

This research aims to analyze the effect of gender diversity in Top Management Team on financial performance in commercial bank. The variable used for this research are gender diversity, Non Performing Loan (NPL), Net Interest Margin (NIM), Operational Efficiency Ratio (OER) and Return On Assets (ROA). Sampling determines by using purposive sampling method and sample in this research are 20 big banks only that have been listed in period 2018-2019. The analysis tools on this research are using Partial Least Square (PLS) with SmartPLS software. The result of this research shows that gender diversity has a significant negative effect on NPL, OER has a significant negative effect on ROA and other variables used in this research showed insignificant results.
Effect of Sustainability Report Disclosure on Banking Company Value Aulia Raddin Onggu; Zaenal Abidin
Journal of Business Management and Economic Development Том 1 № 03 (2023): September 2023
Publisher : Pt. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v1i03.186

Abstract

The purpose of this study is to evaluate how disclosure of Sustainability Report, disclosure of economic performance, disclosure of environmental performance, and disclosure of social performance affect company value as measured by Tobin's Q. Banking companies at Bank BUKU 3 and Bank BUKU 4 are listed on the Indonesia Stock Exchange from from 2019 to 2021. The population for this study totaled 31 companies with the sample criteria, namely the purposive sampling technique totaling 11 data generated. For analysis, the panel data regression model is used using Eviews 12. The results of the analysis simultaneously show that the sustainability report has no effect on firm value (Tobin's Q). Based on the partial test results, Sustainability Report, economic performance reports, environmental performance reports and social performance reports have no effect on firm value (Tobin's Q). Keywords: Disclosure, Sustainability Report, Corporate Value, Tobin's Q, BUKU 3 and BUKU 4