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An Initial Public Offering (IPO) is a company's strategy to obtain additional capital and increase transparency of financial performance. This study aims to analyze the financial performance of PT Daya Cipta Integrasi Indonesia Tbk (DCII) before and after the IPO based on liquidity, solvency, and profitability aspects using financial report data for the 2020–2024 period obtained from the Indonesia Stock Exchange (IDX) and the company's official website. The research method used is documentation and literature study. The data analysis technique used is quantitative descriptive analysis by calculating liquidity ratios consisting of the Current Ratio, Quick Ratio, and Cash Ratio, solvency ratios consisting of the Debt to Asset Ratio and Debt to Equity Ratio, and profitability ratios consisting of Net Profit Margin, Return on Assets, and Return on Equity. The results of the study indicate that after the implementation of the Initial Public Offering (IPO), the financial performance of PT Daya Cipta Integrasi Indonesia Tbk has changed. The company's liquidity performance is still below industry standards, solvency performance is in good condition with a low level of dependence on debt, while profitability performance shows good results and is above industry standards.

This study examines the effects of the Current Ratio, Debt-to-Equity Ratio, and Return on Equity on the stock price of PT United Tractors Tbk during the 2016–2023 period. The study employed a quantitative approach using secondary data obtained from the company’s quarterly financial statements and stock price records published by the Indonesia Stock Exchange and the company’s official website. Purposive sampling was applied, resulting in 32 quarterly observations. The data were analyzed using descriptive statistics, classical assumption tests, multiple linear regression, partial significance tests, simultaneous significance tests, and the coefficient of determination with IBM SPSS version 25. The results show that the Current Ratio has a negative and significant effect on stock price, with a significance value of 0.030. In contrast, the Debt-to-Equity Ratio and Return on Equity do not have significant partial effects, with significance values of 0.087 and 0.380, respectively. Simultaneously, the three financial ratios have a significant effect on stock price, as indicated by a significance value of 0.049. The adjusted coefficient of determination is 0.160, indicating that the model explains 16% of the variation in stock price, while the remaining 84% is associated with factors outside the model. These findings indicate that liquidity, leverage, and profitability should be considered collectively when evaluating stock price movements, although other financial and market-related factors remain dominant.

This study aims to analyze the effects of risk management disclosure, investment decisions, dividend policy, and profitability on firm value. The research objects consist of consumer goods industry companies listed on the Indonesia Stock Exchange during the 2019–2025 period. The research data were collected through documentation from financial statements, annual reports, and sustainability reports. The sampling technique employed purposive sampling with the following criteria: (1) the companies consistently published financial statements, annual reports, and sustainability reports throughout the research period; and (2) the companies did not experience losses or delisting, consistently distributed dividends, and did not undertake mergers or significant restructuring during the research period. Based on these criteria, 11 companies were selected as the research sample, resulting in 77 observations. Hypothesis testing was conducted using panel data regression analysis. Based on the Chow and Hausman test results, the Fixed Effect Model was selected as the most appropriate estimation model. The results indicate that investment decisions and profitability partially affect firm value, whereas risk management disclosure and dividend policy do not have a significant effect on the firm value of consumer goods industry companies during the 2019–2025 period. Simultaneously, risk management disclosure, investment decisions, dividend policy, and profitability affect firm value.

This study aims to analyze the effect of capital structure, asset growth, and firm size on firm value in plastic and packaging sub-sector companies listed on the Indonesia Stock Exchange during the 2020–2024 period. Firm value is proxied by Price to Book Value (PBV), capital structure is measured using the Debt to Equity Ratio (DER), asset growth is measured by the asset growth ratio, and firm size is measured using the natural logarithm of total assets. This research employed an explanatory quantitative approach using secondary data obtained from financial statements, annual reports, and stock price data. The sample consisted of 11 companies observed over five years, resulting in 55 panel data observations. Data were analyzed using panel data regression through the Common Effect Model, Fixed Effect Model, and Random Effect Model, with model selection based on the Chow, Hausman, and Lagrange Multiplier tests. The results indicate that capital structure, asset growth, and firm size have no significant effect on firm value, either partially or simultaneously. These findings suggest that firm value in the plastic and packaging sub-sector is not sufficiently explained by financing structure, asset expansion, or company size. Investors are more likely to consider other factors, such as profitability, operational efficiency, cash flow, sales growth, raw material risk, and sustainability prospects. Therefore, companies should improve financial performance, asset efficiency, cost control, and sustainable innovation to enhance firm value.

Assessing financial performance is essential for determining whether a company is financially healthy and capable of maintaining its business continuity. This study aims to analyze the financial performance of property and real estate subsector companies listed on the Indonesia Stock Exchange during the 2020–2024 period using the Du Pont System. This research employed a quantitative descriptive approach using secondary data obtained from annual financial reports published on the official website of the Indonesia Stock Exchange and the respective companies. The sample was selected using purposive sampling and consisted of four companies, resulting in 20 firm-year observations. Financial performance was evaluated using Net Profit Margin (NPM), Total Asset Turnover (TATO), Return on Investment (ROI), Equity Multiplier (EM), and Return on Equity (ROE). The data were analyzed through descriptive analysis and multiple linear regression using SPSS. The results indicate that the financial performance of the sampled companies fluctuated throughout the study period, with each company demonstrating different strengths in profitability, asset utilization, capital structure, and equity returns. Partially, NPM, TATO, and ROI significantly affected ROE, whereas EM had no significant effect on ROE. Simultaneously, NPM, TATO, ROI, and EM significantly affected ROE. These findings indicate that corporate financial performance is more strongly influenced by profitability and asset utilization efficiency than by capital structure.

Foreign ownership represents an important indicator of international investors' confidence in a company's prospects and financial performance. Inconsistent findings in previous studies regarding the determinants of foreign ownership highlight the need for a more comprehensive analysis by incorporating firm characteristics as a moderating variable. A quantitative approach was employed using panel data from non-financial companies listed on the Indonesia Stock Exchange during the 2020–2024 period. The sample consisted of 30 companies selected through purposive sampling. Panel data regression with the Fixed Effect Model (FEM) was applied to examine the effects of profitability, liquidity, and leverage on foreign ownership while evaluating the moderating role of firm size. The empirical results reveal that profitability has a negative and significant effect on foreign ownership, whereas liquidity and leverage have positive and significant effects. Simultaneously, all independent variables significantly influence foreign ownership. The moderation analysis demonstrates that firm size strengthens the relationship between profitability and foreign ownership but weakens the effects of liquidity and leverage. These findings contribute to the literature on foreign ownership determinants by providing empirical evidence that both financial performance and firm characteristics shape foreign investors' investment decisions. The results also offer practical insights for corporate managers in improving investment attractiveness through effective financial performance management while considering the strategic role of firm size.

This study aims to analyze the effect of liquidity and profitability ratios on stock returns through Price to Book Value (PBV) in coal mining companies listed on the Indonesia Stock Exchange (IDX) during 2020-2024. The research uses secondary data analysis from financial reports of the companies collected through documentation techniques, and the data is analyzed using Partial Least Squares (PLS) based on Structural Equation Modeling (SEM). The results show that profitability significantly influences stock returns and PBV, while liquidity has a negative but insignificant effect on PBV and stock returns. Moreover, PBV does not mediate the relationship between liquidity and stock returns or profitability and stock returns. This study recommends that companies focus on improving profitability to enhance stock returns, while investors should consider profitability performance when making investment decisions. Recommendations for future research include adding other independent variables such as leverage or macroeconomic factors and expanding the sector and period coverage for greater generalization.

The development of digital financial technology has accelerated the transition from cash-based to cashless payment systems across various economic sectors, including traditional markets. One of the most widely adopted innovations is the Quick Response Code Indonesian Standard (QRIS), which offers convenience, speed, and security in financial transactions. This study aims to analyze the role of digital financial literacy in supporting the utilization of QRIS and its implications for the profitability and business sustainability of traditional market traders in Surabaya. The study employed a descriptive qualitative approach, with data collected through observation and documentation of traders' transaction activities. The findings indicate that the utilization of QRIS among traditional market traders remains suboptimal. This condition is influenced by limited digital financial literacy, insufficient technological skills, and the readiness of business owners to adopt digital payment systems. In addition, concerns regarding transaction security and limited technological competence, particularly among elderly traders, remain significant barriers to digital transformation. Nevertheless, digital financial literacy has been shown to improve transaction efficiency, facilitate financial record-keeping, reduce transaction errors, and support more effective business management. Therefore, strengthening digital financial literacy is a strategic factor in optimizing QRIS adoption to enhance profitability and ensure the long-term sustainability of traditional market businesses in the digital economy.

This study examines the financial performance of PT Unilever Indonesia Tbk during the 2023–2025 period by evaluating key financial indicators, namely the Current Ratio (CR), Debt to Equity Ratio (DER), Return on Assets (ROA), and Return on Equity (ROE). The study aims to assess the company's financial condition and analyze the impact of its business transformation strategy on financial performance. A descriptive quantitative approach was employed using secondary data obtained from the company's published annual financial reports. Data analysis focused on comparing financial ratio trends over the three-year period to evaluate liquidity, solvency, and profitability performance. The findings indicate that the company's financial performance experienced fluctuations during the business transformation process. Liquidity and solvency gradually improved toward the end of the observation period, reflecting stronger short-term financial capability and a healthier capital structure. Profitability also demonstrated increased efficiency in utilizing company assets, although changes in equity returns indicated adjustments in capital management during the transformation process. Overall, the implementation of the company's transformation strategy contributed positively to strengthening financial performance and improving resilience in responding to changing business conditions and market competition. This study provides useful insights for management, investors, and other stakeholders in evaluating the effectiveness of corporate transformation strategies through financial ratio analysis and highlights the importance of maintaining financial stability to support sustainable business growth.

This study aims to analyze the influence of fundamental and technical factors on stock price movements in the Indonesian capital market. The method used is a literature review with a qualitative descriptive approach, utilizing secondary data obtained from various scientific literature sources as well as stock price data from the Investing platform. The results indicate that there are significant variations in stock prices among companies, reflecting differences in fundamental performance such as profitability, capital structure, and company prospects. In addition, from a technical perspective, stock price movements exhibit dynamic fluctuations, including both increases and decreases, influenced by market sentiment and investor responses to available information. The varying levels of stock volatility also indicate differences in investment risk. Trading volume plays an important role as a key indicator in technical analysis, where high volume reflects strong liquidity and investor interest, while low volume indicates limited market activity. Overall, the findings suggest that fundamental and technical factors have a complementary influence in determining stock price movements. Therefore, investors are advised to integrate both approaches in making investment decisions in order to achieve optimal returns while minimizing risk. This study is expected to contribute to the development of capital market research and serve as a reference for investors and academics.

This article discusses the influence of liquidity, solvency, and profitability on the company's performance in PT. Asia Sejahtera Mina TBK. This study aims to analyze how these three variables contribute to the company's financial performance. The method used is multiple regression analysis with data taken from the company's financial statements for the last five years. The results of the study show that liquidity has a positive and significant influence on the company's performance, while solvency shows a varied influence. Profitability has also proven to contribute significantly to improving the company's performance. This finding provides insight for company management in making strategic decisions to improve the financial performance and competitiveness of PT. Asia Sejahtera Mina Tbk in the market.

This study aims to analyze the effect of Additional Employee Income (TPP) and Work Motivationon Employee Performance, both directly and indirectly through Discipline, as well as to analyze thesimultaneous effect of Additional Employee Income (TPP) and Work Motivation on Work Disciplineand Employee Performance at Bappeda of East Kutai Regency.The research method used was aquantitative approach, with data collected through questionnaires distributed to 103 civil servants atBappeda of East Kutai Regency. The data analysis technique used Structural Equation Modeling(SEM) based on Partial Least Square (PLS).The results show that Additional Employee Income(TPP) and Work Motivation individually do not have a significant effect on Employee Performanceat Bappeda of East Kutai Regency. In contrast, Additional Employee Income (TPP) and WorkMotivation have a significant effect on Work Discipline, and Work Discipline significantly affectsEmployee Performance. Furthermore, Work Discipline is proven to act as a mediating variable in therelationship between Additional Employee Income (TPP) and Work Motivation on EmployeePerformance. Simultaneously, Additional Employee Income (TPP) and Work Motivation have asignificant effect on Work Discipline and Employee Performance at Bappeda of East Kutai Regency.

This study investigates the impact of liquidity, solvency, and activity ratios on the profitability of PT KDB Tifa Finance Tbk between 2015 and 2025. Utilizing a quantitative methodology with descriptive and confirmatory elements, data was gathered through purposive sampling and documentation. The analytical framework consisted of classical assumption tests, multiple linear regression, and hypothesis testing. The findings reveal that: (1) liquidity (CR) does not individually influence profitability (ROA); (2) solvency (DER) exerts a significant partial effect on ROA; (3) activity (TATO) shows no significant standalone impact on profitability; and (4) when combined, liquidity, solvency, and activity levels collectively determine the company’s profitability.

This study aims to examine the effects of board characteristics—age, gender, educational level, educational relevance, board size, tenure, and the Board Index—on the profitability of non-financial state-owned enterprises (SOEs). It also investigates the moderating role of firm size in these relationships. The study employs Partial Least Squares Structural Equation Modeling (PLS-SEM) using SmartPLS. Board characteristic data were collected from the annual reports of non-financial SOEs for the period 2019–2024. A total of 224 firm-year observations were obtained through purposive sampling. The analysis includes testing direct effects and moderating effects using the bootstrapping procedure. The findings indicate that all board characteristics, including the Board Index, do not significantly influence profitability. However, firm size significantly moderates the relationship between the Board Index and profitability (original sample = 0.137; t = 2.003; p = 0.045). The effectiveness of boards in enhancing financial performance is driven more by organizational dynamics and governance quality than by demographic attributes alone.

Firm value remains one of the most important indicators used by investors to assess corporate performance and long-term sustainability. This study investigates the influence of dividend policy, leverage, profitability, and financial risk on firm value from the perspective of strategic financial management. The research adopts a quantitative explanatory approach using secondary data obtained from annual reports of manufacturing companies listed on the Indonesia Stock Exchange during the 2020–2024 period. A total of 100 observations were selected through purposive sampling. Data analysis was conducted using Statistical Package for the Social Sciences (SPSS) version 27, including validity tests, reliability tests, classical assumption tests, multiple linear regression, coefficient of determination, t-tests, and F-tests. The findings reveal that dividend policy has a positive and significant effect on firm value, indicating that consistent dividend payments enhance investor confidence. Leverage demonstrates a significant negative effect, suggesting that excessive debt utilization increases financial vulnerability and lowers market valuation. Profitability exerts the strongest positive influence on firm value, reflecting the importance of earnings generation in attracting investment. Financial risk negatively affects firm value due to increased uncertainty and perceived investment risk. Simultaneously, all independent variables significantly explain variations in firm value. The study concludes that strategic financial management should emphasize balanced dividend distribution, prudent debt management, sustainable profitability improvement, and effective risk control to maximize firm value. A limitation of this research lies in its focus on manufacturing companies and a limited observation period, which may restrict generalizability to other industries and economic environments.

This study aims to assess the financial performance of PT. Acset Indonusa Tbk which is studied based on financial ratio analysis using liquidity ratio, solvency ratio, profitability ratio, and activity ratio of PT Acset Indonusa tbk for the period 2019-2023. The results of this study indicate that the Financial Performance of PT Acset Indonusa Tbk for the 2019-2023 Period based on the Liquidity Ratio (current ratio and quick ratio) can be concluded from the results of the study stated in good condition, Financial Performance of PT Acset Indonusa Tbk for the 2019-2023 Period based on the Solvency Ratio (debt to asset ratio and debt to equity ratio) can be concluded from the results of the study that the company is increasingly reducing its dependence on debt and relying more on equity or capital, Financial Performance of PT Acset Indonusa Tbk for the 2019-2023 Period based on the Profitability Ratio (net profit margin and return on equity) can be concluded from the results of the study stated in poor condition, Financial Performance of PT. Acset Indonusa Tbk for the 2019-2023 period based on the Activity Ratio (fixed asset turnover and total asset turnover) can be concluded from the research results that it is in good condition.

This study examines how profitability affects company value among manufacturing firms included in the LQ45 index during the 2023–2025 period, with debt policy serving as a moderating variable. Increasing business competition encourages companies to improve their financial performance and market value to attract investors and maintain long-term sustainability. A quantitative research approach with a causal research design was employed to analyze the relationship between the variables. The study used secondary data obtained from audited annual financial statements published on the Indonesia Stock Exchange. Data analysis was conducted using Moderated Regression Analysis (MRA) with the assistance of SPSS version 26. The results indicate that profitability has a significant positive effect on firm value, suggesting that higher profitability enhances investor confidence and contributes to higher market valuations. Furthermore, debt policy significantly moderates the relationship between profitability and firm value by strengthening the influence of profitability. The coefficient of determination increased from below thirteen percent to more than sixty-three percent after including the moderating variable. These findings demonstrate that effective debt management combined with strong profitability contributes to higher firm value and supports sustainable corporate growth and long-term investor confidence.

This study examines the influence of firm size, profitability, and leverage on Corporate Social Responsibility (CSR) disclosure among mining companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. Employing a quantitative research design with a descriptive approach, the study utilizes secondary data obtained from annual reports and sustainability reports. The sample consists of 13 mining companies selected from a population of 59 companies through purposive sampling. Data were analyzed using multiple linear regression to assess both partial and simultaneous effects of the independent variables on CSR disclosure. The findings reveal that firm size has a significant positive effect on CSR disclosure, indicating that larger companies tend to disclose more comprehensive CSR information. In contrast, profitability and leverage do not exhibit a significant influence on CSR disclosure when assessed individually. Nevertheless, the simultaneous test demonstrates that firm size, profitability, and leverage collectively have a significant effect on CSR disclosure. These results suggest that while firm size serves as a key determinant of CSR disclosure practices in the mining sector, the combined interaction of financial and organizational characteristics also contributes to variations in CSR reporting.

This study aims to determine the effect of Liquidity (Loan to Deposit Ratio) and Profitability (Return on Assets) on Company Value (Price to Book Value) at Bank KBMI IV listed on the Indonesia Stock Exchange for the period 2020-2025. This study uses secondary data in the form of quarterly financial reports. The method used is the Quantitative method with census techniques. The data analysis techniques used are Descriptive and Verification analysis using Panel Data Regression, Classical Assumption Test, Determination Coefficient Analysis, and Hypothesis Testing. In analyzing the data, this study used Eviews 14 software. The results of this study indicate that the Loan to Deposit Ratio has a negative and significant effect on Price to Book Value. Meanwhile, Return on Assets has a positive and significant effect on Price to Book Value. Simultaneously, the Loan to Deposit Ratio and Return on Assets have a significant effect on Price to Book Value. This finding implies that a company's ability to manage liquidity and generate profits is an important factor that influences company value in the eyes of investors.

PT Astra International Tbk operates in the trading, services, and automotive industries. This study aims to examine the effect of Asset Structure, Capital Structure, and Working Capital Turnover on Financial Performance, measured by Return on Assets (ROA), at PT Astra International Tbk during the 2010–2025 period. The research employed a quantitative method using multiple linear regression analysis with SPSS version 20. The sample was determined through purposive sampling using a saturated sampling method based on the company's financial statements over a 16-year period. Secondary data were obtained from books, scientific journals, and published financial reports. The partial test results indicate that Asset Structure (t-value = -1.430; significance = 0.178 > 0.05), Capital Structure (t-value = 1.569; significance = 0.143 > 0.05), and Working Capital Turnover (t-value = 1.150; significance = 0.273 > 0.05) do not have a significant effect on financial performance. Simultaneously, the F-test results show that the calculated F-value of 3.222 is lower than the F-table value of 3.490, with a significance level of 0.061 > 0.05. These findings demonstrate that the three independent variables, both individually and collectively, do not have a significant effect on the financial performance of PT Astra International Tbk. These findings confirm that Asset Structure, Capital Structure, and Working Capital Turnover are not the primary factors influencing the financial performance of PT Astra International Tbk. Therefore, the company should focus on optimizing other more dominant factors to enhance profitability and achieve sustainable financial performance.