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Analytics

Putri Azizah Sahirah; Citra Ayni Kamaruddin; Sri Astuty; Regina Regina; Basri Bado

International Journal of Economics, Commerce, and Management 2026 Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Stocks represent a capital market instrument with the potential to generate high returns. When making investment decisions, investors typically assess various internal aspects of a company, including its financial performance. The objective of this study is to examine the influence of profitability, liquidity, and leverage ratios on stock prices in the Indonesian banking sector, with a particular focus on state-owned banks, in both partial and simultaneous regression models. The methodology employed is quantitative analysis, with a secondary data set being utilized. The sample was determined using a purposive sampling technique, covering four state-owned banks (BRI, BNI, Mandiri, and BTN) for the 2010-2024 period. The findings of the analysis demonstrate that profitability and leverage exert a substantial negative influence on the stock prices of these banking institutions, while the liquidity ratio does not demonstrate a significant effect. Concurrently, all three variables exert an influence on stock prices, with an R-squared value of 58%.

Dewi Widhyastuti; Desy Mariani

Akuntansi Pajak dan Kebijakan Ekonomi Digital 2025 Asosiasi Riset Ekonomi dan Akuntansi Indonesia

This study aims to analyze the influence of Profitability, Liquidity, Leverage, Opinion Shopping, and Public Accounting Firm (KAP) Size on Going Concern Audit Opinion in property and real estate sector companies listed on the Indonesia Stock Exchange (IDX) for the 2020–2024 period. The audit opinion going concern is an important issue because it reflects the company's ability to maintain its business continuity in the midst of economic uncertainty and increasingly complex market dynamics. The research population includes all companies in the property and real estate sectors on the IDX, with sample selection using purposive sampling techniques that resulted in 60 companies as the object of the study. The collected data was analyzed using the logistic regression method to test the influence of each independent variable on the audit opinion going concern. The results of the study show that profitability has a negative and significant effect on the audit opinion of going concern, which means that the higher the level of profitability of the company, the less likely the auditor to give an audit opinion of going concern. Furthermore, Opinion Shopping has been proven to have a positive and significant effect on going concern audit opinions, so that the practice of seeking alternative auditor opinions has the potential to increase the risk of issuing going concern opinions. Meanwhile, the variables Liquidity, Leverage, and KAP Size did not show a significant influence on the audit opinion going concern. These findings confirm that certain financial performance factors as well as management behavior in seeking auditor opinions have an important role in determining audit opinion going concern, while other factors such as the size of the KAP are not necessarily determinative.

Alsha Fianingsih Putri; Sigit Puji Winarko; Faisol Faisol

Jurnal Bisnis, Ekonomi Syariah, dan Pajak 2025 Asosiasi Riset Ekonomi dan Akuntansi Indonesia

This study aims to analyze the effect of firm size, profitability, and liquidity on firm value in the transportation and logistics sector listed on the Indonesia Stock Exchange during 2020–2023. This study uses a quantitative approach with secondary data obtained from annual financial reports. The sample was selected through purposive sampling and resulted in 11 companies over 4 years, totaling 44 observations. Panel data regression analysis was performed using STATA-14. The results show that partially, firm size and liquidity do not significantly affect firm value, while profitability has a significant positive effect. Simultaneously, all three variables significantly affect firm value. This finding implies that profitability is a main concern for investors when assessing firm value.

Feberwin Telaumbanua; Ardianus Lau; Geoger F Sitorus; Faliza Fasya

Jurnal Ekonomi dan Pembangunan Indonesia 2025 Asosiasi Riset Ekonomi dan Akuntansi Indonesia

This study aims to analyze the effect of financial ratios on changes in net income in food and beverage companies listed on the Indonesia Stock Exchange (IDX) during the period 2021–2024. The variables examined include CR, QR, ROA, ROE, DER, and TAT. The method used is multiple linear regression with classical assumption tests. The results indicate that ROA, ROE, and TAT have a significant positive effect, while DER has a significant negative effect on changes in net profit. CR and QR do not have a partial effect. Simultaneously, all variables have a significant effect with an R² of 68.1%. These findings emphasize the importance of efficiency and profitability in driving profit growth.

Albertin Yunita Nawangsari

Riset Ilmu Manajemen Bisnis dan Akuntansi 2025 Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

This study aims to analyze the impact of solvency, profitability, and liquidity on financial distress, with good corporate governance as a moderating variable. The research employs a quantitative approach with moderation regression analysis. The results indicate that solvency, profitability, and liquidity have a significant negative effect on financial distress, meaning that the better a company's financial condition in these aspects, the lower the potential for financial difficulties. Additionally, good corporate governance is proven to moderate the effect of solvency, profitability, and liquidity on financial distress, indicating that the application of good governance strengthens the negative relationship between these financial indicators and financial distress. These findings highlight the importance of corporate management in maintaining financial health and applying good corporate governance principles to minimize the risk of financial distress.

Agustina Waromi; Maria Wesso; Fenska Mbaubedari

Jurnal Manajemen Bisnis Era Digital 2025 Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

This study is titled The Effect of Liquidity and Profitability on the Firm Value of Chemical Subsector Manufacturing Companies Listed on the Indonesia Stock Exchange in the 2019–2021 Period. The study aims to assess the development and the partial and simultaneous effects of liquidity and profitability on firm value. This quantitative research used data from 12 manufacturing companies in the chemical subsector listed on the IDX. Data collection was conducted through documentation and literature study, and the analysis was carried out using descriptive and inferential statistics with the SmartPLS 3.8 application. The results show that partially, liquidity has a negative but insignificant effect on firm value, with a significance value of 0.331. Conversely, profitability has a positive and significant effect on firm value with significance values of 0.037 and 0.000. Simultaneously, liquidity and profitability have a positive and significant effect on firm value, indicated by a t-value of 13.671 and a significance level of 0.000. The coefficient of determination (R²) of 59.2% indicates that liquidity and profitability explain the firm value, while the remaining 40.8% is explained by other variables. The study suggests that chemical subsector companies need to improve their financial performance to enhance their firm value.

Agustina Waromi; Maria Wesso; Fenska Mbaubedari

Jurnal Ekonomi dan Pembangunan Indonesia 2025 Asosiasi Riset Ekonomi dan Akuntansi Indonesia

The research entitled The Effect of Liquidity and Profitability on the Value of Chemical Sub-Sector Manufacturing Companies listed on the Indonesia Stock Exchange for the 2019-2021 period. The purpose of this study is to determine 1) the development of Liquidity and Profitability on company value, 2) to determine the partial effect of Liquidity and Profitability on company value, 3) to determine the simultaneous effect of liquidity and profitability on company value. This research is a quantitative research type. The sample used in the study was 12 chemical sub-sector manufacturing companies listed on the Indonesia Stock Exchange. Data collection techniques used documentation and literature studies. This study uses stock data of issuers included in the Chemical Sub-Sector Manufacturing Companies listed on the Indonesia Stock Exchange for the 2019-2021 period and analyzed using descriptive and inferential statistics using the Smart PLS 3.8 application. The results of descriptive statistics show that partial liquidity testing has a negative and insignificant effect on the value of chemical sub-sector manufacturing research on the Indonesia Stock Exchange in 2019-2021, marked with a significance value of 0.331, while partial results for profitability have a positive and significant effect on the value of chemical sub-sector manufacturing companies on the Indonesia Stock Exchange in 2019-2021, marked with a significance value of 0.037 and 0.000 below the alpha level used 5%. The results of simultaneous testing show that two variables that are carefully examined, namely liquidity and profitability, have a positive and significant effect on the value of the company, this is indicated by a t-value of 13.671 with a significance value of 0.000 below the alpha level used 5%. The coefficient of determination (R2) shows that the contribution of liquidity and profitability variables to the maintenance value of chemical sub-sector manufacturing is 59.2%, the remaining 40.8% is influenced by other variables not included in this research model. This research suggests that many manufacturing companies in the chemical subsector listed on the Indonesia Stock Exchange (IDX) performed poorly in 2019-2021, and therefore, they must further improve their performance.

Rila Yunita; Mukhzarudfa Mukhzarudfa; Muhammad Ridwan

International Journal of Entrepreneurship and Management 2025 Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

This research aims to empirically prove the influence of activity ratios, profitability, liquidity and solvency on company value. Partially and simultaneously. The population in this study is industrial sector companies listed on the Indonesia Stock Exchange in 2020-2023. The sampling method uses a purposive sampling method. The sample in this research was 40 companies over 4 years totaling 160 data, after outlier data the total sample in this research amounted to 140 data. The data analysis technique is descriptive statistics, classic assumption tests, including: (normality test, multicollinearity test, heteroscedasticity test, autocorrelation test), multiple linear regression analysis, hypothesis testing (t test, f & R2 test) using SPSS version 26 software. The results of this research partially show that the activity ratio has no effect on company value. Meanwhile, profitability and solvency ratios influence company value. Simultaneously the activity ratio, profitability, liquidity and solvency influence the company value of industrial sector companies listed on the Indonesia Stock Exchange for the 2020-2023 period.

Eva Yanis Lafione; Wastam Wahyu Hidayat; Gilbert Rely

Riset Ilmu Manajemen Bisnis dan Akuntansi 2025 Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

The purpose of this study was to determine whether profitability, liquidity, and Leverage affect management performance. The population in this study was taken from consumer non-cyclicals issuers listed on the Indonesia Stock Exchange. The sampling technique used purposive sampling method and amounted to 90 samples. This study uses secondary data obtained from the official website of the Indonesia Stock Exchange, namely www.idx.co. Then using the Statistical Package for Sciene (SPSS) version 25 as a tool for analyzing. The hypothesis in this study was tested using descriptive statistical analysis, classical assumption test, multiple linear analysis test, and hypothesis testing. The conclusion of this study states that (1) profitability has no effect on management performance (2) liquidity has a positive effect on management performance (3) Leverage has a positive effect on management performance.

Miftakhul Choiriyah; Umaimah Umaimah

Jurnal Kendali Akuntansi 2025 International Forum of Researchers and Lecturers

This research aims to examine the effect of profitability, liquidity, solvency, market value and dividend policy on stock returns in companies that are consistently included in the LQ45 index for the period 2020 to 2023. The determination of the research sample of 18 companies was carried out using the purposive sampling method. Meanwhile, for hypothesis testing and research instruments using multiple linear regression analysis tools with SPSS software. The results of the study prove that proitability, liquidity, solvabiity, market value and dividen policy has no effect on stock returns  

Nilasari Resky Pala’langan; Dina Ramba

Prosiding Seminar Nasional Ilmu Manajemen Kewirausahaan dan Bisnis 2024 Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

This research purposed to analyze the financial performance of PT. Indo-Rama Synthetics Tbk. The research was conducted using a quantitative approach with financial reports as a data source to examine financial performance based on profitability ratios, liquidity ratios, activity ratios and solvency ratios. The research examines financial performance starting from 2020 to 2022 with financial reports obtained from the official website of the Indonesia Stock Exchange (BEI). Based on the results of the analysis, it was found that in the profitability assessment only the return on assets ratio had reached the efficient criteria, while the net profit margin and return on equity ratios were considered inefficient. In assessing liquidity, the current ratio and quick ratio are not yet liquid. Activity assessment through inventory ratios, fixed asset turnover and total asset turnover is considered to have not met the efficient level each year. Meanwhile, in the solvency assessment, it was found that the overall ratios used, namely the debt to asset ratio and the debt to equity ratio, met good criteria.

Isti Handayani; Wuri Septi Handayani

Jurnal Riset dan Publikasi Ilmu Ekonomi 2024 Asosiasi Riset Ekonomi dan Akuntansi Indonesia

This research was conducted aiming to determine the effect of sales growth, company size, profitability, liquidity, and leverage on firm value. This research was conducted at the Properties & Real Estate sector company on the Indonesia Stock Exchange (IDX) with a research period of 2019 - 2023. The sampling technique in this study used purposive sampling with a sample of 51 companies. Based on the research results, it can be concluded that sales growth, company size and liquidity have no effect on company value, then profitability and leverage have a positive effect on company value.

Alia Aprilia; Retno Fuji Oktaviani

Jurnal Riset dan Publikasi Ilmu Ekonomi 2024 Asosiasi Riset Ekonomi dan Akuntansi Indonesia

The purpose of this study is to analyze the profitability, liquidity, size of the company, and business risk to the capital structure. The study consists of four independent variables: profitability that is proxy with Return on Equity, liquidity that is Proxy with Current Ratio, Firm Size, and Business Risk proxy in BRSIK, and for the dependent variable: Capital Structure measured with Debt to Equity Ratio. In this study there were 41 companies meeting the criteria of 92 total observations with research objects on property and real estate companies registered in the BEI in the period 2019-2023. The methods used in this study consist of Classical Assumption Test, Correlation Coefficient Analysis Test, Dual Linear Regression Analysis Trial, Determination Analysis (R2), F Test and T Test. While the data analysis method used is double linear regression with a significance of 0.05 using Statical Product and Service Solution (SPSS) Version 22.0. The results of this study indicate that profitability does not have a significant effect on the Capital Structure. Liquidity has a positive and significant impact on Capital Structures. The size of the Company has a significant and positive impact on capital Structure and Business Risk has a negative and non-significant effect on capital structure.

Azizah Suci Pratiwi; Adler Haymans Manurung; Jhonni Sinaga; Djuni Thamrin; Adi Wibowo Noor Fikri

Jurnal Riset dan Inovasi Manajemen 2024 International Forum of Researchers and Lecturers

Working capital is to finance the company's daily operations, such as paying salaries, buying raw materials, paying transportation, paying debts, paying electricity accounts, and paying other costs. The purpose of this study is to analyze the behavior of data on profitability, liquidity, and leverage variables on working capital. Quantitative methods emphasize aspects of measurement and calculation. The manufacturing company used a research method, namely purposive sampling. The data used is secondary data sourced from the statement of financial position and profit and loss in the company's annual report. This study was conducted to determine whether each independent variable affects the dependent variable. The results of this study indicate that Profitability, Liquidity, and Leverage together (simultaneously) have a significant effect on Working Capital. Based on the results of partial panel data analysis, the Profitability variable has a negative effect on Working Capital. The Liquidity variable has a positive and significant effect on Working Capital. Leverage variable has a negative effect on Working Capital.    

Sekar Fitri Tengah Panuluh; Firdaus Firdaus; Suwardi Suwardi; Sherly Vera Ari Sabrina; Devanya Sonia Aulia Devi +2 more

Jurnal Manajemen Bisnis Era Digital 2024 Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

This study aims to analyze the effect of Profitability, Liquidity, and Company Size on Firm Value. The independent variable is Profitability as measured by Return On Assets, Liquidity measured by the Current Ratio, and the size of the company which is measured by Size, while the dependent variable is the value of the company which is measured by using Price To Book Value. The approach used in this research is a quantitative approach. The population in this study are all food and beverage sub-sector companies listed on the Indonesian stock exchange in 2018-2021. The sample in this study was obtained using a purposive sampling method so that a sample of 19 companies was obtained with a total of 65 data. The analysis technique used is multiple linear regression analysis using SPSS version 25 as a tool in the calculation. The results of this study indicate that Profitability has a positive and significant effect on Firm Value with a p-value significance of 0.019 (<0.05). Liquidity has no significant negative effect on firm value with a p-value of 0.268 (> 0.05). Firm size has a positive and significant effect on firm value with a p-value of 0.009 (<0.05). Together based on simultaneous tests of Profitability, Liquidity, and Firm Size have a positive and significant effect on Firm Value.

Nurhalima Nurhalima; Milka Pasulu; Andi Herman Tellu

Jurnal Manajemen Kreatif dan Inovasi 2023 International Forum of Researchers and Lecturers

The aim of this research was to determine the financial performance of Bank BRI Manarang Unit, Pinrang Branch. The research method used is quantitative research. By using Profitability Ratios and Liquidity Ratios to measure Financial Performance for three years. The research results show that financial performance in terms of profitability/profit aspects is in good condition, where profits generated from assets and investments in the last three years show good condition. Meanwhile, the ability to fulfill short-term obligations/liquidity shows good ability.

Sevira Rahma Harmara; Fitra Dharma

Jurnal Akuntan Publik 2023 International Forum of Researchers and Lecturers

This research aims to analyze and determine the influence of each variable of auditor change, ownership concentration, number of audit committee meetings, company size, profitability and liquidity on restatement cases in non-financial institutional companies listed on the IDX in 2017-2021. The sample used in this research was 76 companies. The research results show that; changing auditors has a significant negative effect on restatements in non-financial companies listed on the IDX; the number of audit committee meetings has a significant negative effect on restatements in non-financial companies listed on the IDX; ownership concentration has a significant negative effect on restatements in non-financial companies listed on the IDX; company size has a significant positive effect on restatement in non-financial companies listed on the IDX; profitability has a positive and insignificant effect on restatement in non-financial companies listed on the IDX; and Liquidity has a significant negative effect on restatement in non-financial companies listed on the IDX.

Mahandika Candra Kirana; Nur Ainiyah; Nurdiana Fitri Isnaini; Hartono Hartono

Jurnal Kendali Akuntansi 2023 International Forum of Researchers and Lecturers

The purpose of this research is to evaluate PT. Batulicin Nusantara Maritim's financial performance between 2018 and 2022 based on its profitability and liquidity ratios. The financial accounts of PT. Batulicin Nusantara Maritim, a coal transportation service provider listed on the investment gallery of the Indonesian Stock Exchange (GIBEI), are the subject of this study. An analysis of the documentation was the method employed to prepare this research. Data is collected through the study, recording, and classification of documentation. This study requires the gathering of data from a corporation in the form of financial reports, which will then be used as research material. The data was then compiled, classified, confidentially handled, and evaluated using quantitative descriptive analysis to offer a summary of the issues encountered or looked into. Results of the study The financial performance of PT. Batulicin Maritime Archipelago is impacted by the profitability ratio and liquidity ratio of PT. Batulicin Nusantara Maritim during the years 2018 to 2022. has an effect on the financial performance of PT. Batulicin Nusantara Maritim.

Nurmasita, Sella; Siska, Elmira; Indra, Natal

Jurnal Manajemen Riset Inovasi 2023 Pusat Riset dan Inovasi Nasional

This study aims to determine the effect of liquidity (CR) and profitability (ROA)  on debt policy (DER) in food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange. This research was conducted in food and beverage sub-sector companies listed on the Indonesia Stock Exchange with a population of 84 in 2019-2022. The sampling method in this study used a purposive sampling technique so that a sample of 31 companies was obtained. This research is an associative quantitative research. The population in this study is the entire financial statements of the food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange in 2019 – 2022. Based on the results of the research conducted, it can be seen that the variables of profitability and liquidity partially have a negative and significant effect on debt policy. Simultaneously the variables of profitability and liquidity and sales growth have a positive and significant effect on debt policy