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Journal : e-Jurnal Apresiasi Ekonomi

PROFITABILITY, FIRM AGE, AND LEVERAGE: ESTIMATION OF PANEL DATA MODELS IN THE EMERGING INDONESIAN MARKET Rizka Hadya
Jurnal Apresiasi Ekonomi Vol 7, No 3 (2019)
Publisher : Institut Teknologi dan Ilmu Sosial Khatulistiwa

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (243.943 KB) | DOI: 10.31846/jae.v7i3.239

Abstract

The purpose of this research is to test the influence of profitability and age, to the leverage. The type of data used was quantitative data taken from the company's annual financial statements and the company’s annual report summary. The population is all companies which are listed in Indonesia Stock Exchange in the last periods 2017. The sample collection technique has been carried out by using purposive sampling, 96 companies have been selected as samples. The data of the financial statement of the companies has been obtained from the official website of IDX. We tested the relationships between the profitability and firm age to leverage with the statistical method used is regression analysis in panel data. The result of the research shows, with partial test profitability and firm age, has a negative significant influence to the leverage. And then, estimation results show the r-square value of 91,76% which means the profitability and age of the company have the ability to explain leverage of 91,76% and while remaining 8,24% is explained by other variables which are not studied. Keywords: leverage, profitability, firm age
TINGKAT KEUNTUNGAN DAN USIA PERUSAHAAN TERHADAP LEVERAGE: ESTIMASI MODEL DATA PANEL DI INDONESIA Rizka Hadya; Joni Fernandes
Jurnal Apresiasi Ekonomi Vol 8, No 2 (2020)
Publisher : Institut Teknologi dan Ilmu Sosial Khatulistiwa

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (218.094 KB) | DOI: 10.31846/jae.v8i2.315

Abstract

This research have been found that profitability and firm age affect leverage. The selected objects is all companies which are listed in Indonesia Stock Exchange during period 2013-2017. We select the samples use the data panel regression model. There are 96 companies have been selected as samples whit technique purposive sampling. The result by partial test profitability and firm age, has a negative significant influence to the leverage, shows that the r-square value of 91,76% which means the profitability and age of the company have the ability to explain leverage of 91,76% and while remaining 8,24% is explained by other variables which are not studied. This is relevant to the capital structure theory. Capital structure is something that is very important for the company which involves funding that carries out the company's operations so that it produces profits. Another factor is the firm age, a long-standing and reputable company will be able to overcome creditworthiness issues when it decides to use debt funding sources.
ANALYSIS OF PROFITABILITY, WORKING CAPITAL, INVENTORY BEFORE AND AFTER THE COVID-19 PANDEMIC: EMPIRICAL STUDY FROM THE PHARMACEUTICAL INDUSTRY Irdha Yusra; Rizka Hadya; Saiful Anwar
Jurnal Apresiasi Ekonomi Vol 11, No 2 (2023)
Publisher : Institut Teknologi dan Ilmu Sosial Khatulistiwa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31846/jae.v11i2.611

Abstract

 This study intends to investigate the impact of working capital turnover and inventory turnover on profitability, as well as to demonstrate the differences in working capital turnover and inventory turnover before and after Covid-19. The study was carried out at pharmaceutical sub-sector companies that are listed on the Indonesia Stock Exchange. The causality effect is estimated using panel data regression estimation in the EViews 10 program, while the comparative objective is analyzed using various tests in the SPSS 26 program. The research variable causality test results show that partial working capital turnover affects profitability while inventory turnover does not. Working capital turnover and inventory turnover, on the other hand, have a positive and significant effect on the profitability of pharmaceutical sub-sector companies. Furthermore, there was no significant difference in working capital turnover and inventory turnover before and after the Covid-19 pandemic, according to the comparative test results.