Firm Size Variables Research Articles

Pengaruh Profitabilitas dan Ukuran Perusahaan Terhadap Struktur Modal

In 2022 exports of plantation companies will experience a significant decline in exports, especially in exports of palm oil and rubber. According to GAPKI, exports of palm oil decreased by 0.4%. And according to GAPKINDO stated that rubber exports decreased by 13.03%. This causes inflation in Indonesia and increases the risk of bankruptcy for companies. This study aims to determine whether there is an effect of profitability and firm size on capital structure. The independent variables studied were Profitability (X1) and Firm Size (X2). The independent variable in this study used Capital Structure (Y). This type of research belongs to the type of exploratory descriptive research, using a case study research method with a quantitative approach. The results of the study stated that partially profitability has a negative effect on capital structure, firm size has no effect on capital structure. Simultaneously the profitability and firm size variables together influence the capital structure. The correlation test states that there is a close relationship between the Profitability variable (X1) and the Firm Size variable (X2) on Capital Structure (Y) with an R2 value of 0.764, which means that this research has the model ability to explain the dependent variables of 76, 4% while 0.246% is explained by other variables not discussed in this study.

PERAN MODERASI KOMITE ESG PADA PENGARUH KINERJA KEBERLANJUTAN TERHADAP KINERJA PASAR PERUSAHAAN SEKTOR ENERGI DI INDONESIA

This research was conducted because existing research has not found evidence that tests Environmental, Social, and Governance performance on market performance (Tobin's Q) which is moderated by the Environment, Social, and Governance committee in energy sector companies. Therefore, this research aims to test the moderating of the ESG committee on the influence of sustainability performance on the company's market performance. The research variables consist of the dependent variable as market performance, namely Tobin's Q, while the independent variable for sustainability performance is Environmental, Social and Governance performance. Next, the moderating variable is the Environment, Social, and Governance committee. We include the control variables firm size and firm age. Data collection was obtained from the Indonesian Stock Exchange, energy sector company websites, and the Center for Environment Social and Governance Studies, totaling 78 companies during 2014-2021. Next, using purposive sampling, we obtained 12 energy sector companies as samples. The analysis method was carried out using panel data regression by testing the Environmental, Social, and Governance performance variables against Tobin's Q without moderation and after being moderated by the Environmental, Social, and Governance committee with the control variables company size and age. The results of the research before being moderated by the ESG committee showed that Environmental, Social, and Governance performance had a positive and significant effect on market performance (Tobin's Q). Furthermore, after moderation, it showed that the Environment, Social, and Governance Committee strengthened the Total Environment, Social, and Governance performance positively and significantly towards market performance (Tobin's Q)

PENGARUH KINERJA MODAL INTELEKTUAL TERHADAP KUALITAS LABA

This study aims to examine the effect of the performance of intellectual capital in the form of human capital, employed capital, and structural capital with company characteristics consisting of firm size, leverage, profitability as control variables on earnings quality. This research uses Penman's (1998) model as a measure of earnings quality, while Pulic's (1999) model as a measure of intellectual capital. Sampling used a purposive sampling method and produced 380 selected samples. The data used is secondary data taken from the annual financial reports of manufacturing companies listed on the IDX for 2019 – 2021. The results show that capital employed and structural capital have a significant positive effect on earnings quality, while human capital has no effect on earnings quality. The control variable firm size has a significant positive effect on earnings quality, while leverage and profitability have no effect on earnings quality.

Pengaruh Kinerja Keuangan dan Corporate Governance terhadap Penghindaran Pajak

Tax avoidance is a strategy that aims to minimize corporate tax on pre-tax profit. This study aims to provide empirical evidence regarding the effect of company size, profitability, independent commissioners, and institutional ownership on tax evasion during the Covid-19 pandemic. The population in this study are manufacturing sector companies listed on the Indonesia Stock Exchange for the 2020-2021 period. By using purposive sampling technique, data were obtained from 74 companies so that 148 observations were obtained. This study shows the results that manufacturing sector companies listed on the IDX during the pandemic period, namely 2020-2021, several factors from financial performance and corporate governance influence the company's tax avoidance actions. The financial performance represented by the variable firm size and profitability shows a positive effect on tax evasion. In corporate governance, independent commissioners and institutional ownership have a negative effect on tax avoidance.

MANAJEMEN LABA PADA PERUSAHAAN PERTAMBANGAN YANG TERDAFTAR DI BEI PERIODE 2020-2022 MELALUI PROFITABILITAS, LEVERAGE, DAN UKURAN PERUSAHAAN

This analysis, which is a causal study, attempts to assess how three variables—firm size, profitability, and leverage—affect profits management strategies. The firm's total assets serve as a proxy for the firm size variable, while the debt-to-asset ratio (DAR) indicates leverage and return on assets (ROA) indicates profitability. Discretionary accruals are used to measure the management of earnings. The corporate financial report data used in this quantitative study approach was sourced from the Indonesia Stock Exchange (IDX) website. The mining businesses that were listed on the IDX between 2020 and 2022 made up the study's population. Purposive sampling was used in the sample selection process, yielding eight organizations as study samples with an observation length of three years. With the aid of the Statistical Package for Social Sciences (SPSS) version 22, multiple linear regression analysis was employed in this study's hypothesis testing. Descriptive statistical tests, traditional assumption tests (including multicollinearity, autocorrelation, heteroscedasticity, and normality tests), and hypothesis testing are all a part of the analysis process. The findings of the ANOVA test demonstrate that variables related to leverage, profitability, and company size all influence profits management strategies. Individual study findings, however, indicate that while firm size has no appreciable impact on earnings management, profitability and leverage do have a favorable and significant impact. 
 Keywords: Profitability, Leverage, Company Size and Earnings Management

Peranan Tata Kelola Dalam Penentuan Kas Ditangan

This study aims to obtain empirical evidence of the role of governance, namely the structure of the board and audit committee in determining cash holding. The data in the study were taken by purposive random sampling. Data obtained from manufacturing companies listed on the IDX for the 2017-2021 observation period. The data is then processed with E-views. Board size and board meetings have no significant influence. Independent board composition has a significant positive influence. Audit committee members has a significant negative influence. As a control variable, firm size and capital expenditure had no significant effect on cash on holding. Meanwhile, DAR as a control variable has a significant negative influence. Board size, independent board composition, board meetings, and audit committee members, as well as the control variables of firm size, DAR, and capital expenditure have a significant influence on the decision to determine the amount of cash holding.

DETERMINANTS OF UNDERPRICED INITIAL STOCK: A STUDY ON THE INDONESIA STOCK EXCHANGE

In the company, the issuer also wants profit, so expect a high initial price. However, on the part of the underwriters on the contrary, they expect a low initial price because they are bound by the full commitment stock guarantee system that applies in Indonesia. This difference in interests causes the issuer to compromise a bit by setting a lower initial share price so that investors are interested in buying the launched initial shares. As a result, when conducting an initial public offering, the company has difficulty in determining the price because there is no reference so that there is a potential for underpriced shares to occur. This study to analyze the factors that influence the level of undepriced, which is focused on age, return on total assets, financial leverage and firm size. First, the test will be carried out partially with a t-test to test the effect of each factor on the level of underpriced initial shares. Furthermore, the test will be carried out simultaneously with the F-test, namely to test the effect of the four factors together on the level of underpriced initial shares. The population in this study are companies that offer their initial shares on the Indonesia Stock Exchange and have underpricing stock values. The results show that company age has a positive effect on underpriced initial shares, while the return on total assets, financial leverage and firm size variables get the opposite result.

THE EFFECT OF FIRM SIZE AND DER ON FINANCIAL PERFORMANCE IN BUMN COMPANIES

This research was conducted to analyze financial performance (ROE) with analytical tools using Firm Size and Debt to Equity Ratio. The population of this study is all state-owned companies in 2018-2021 on the Indonesia Stock Exchange with the number of samples taken according to the researcher's criteria of 10 state-owned companies. The data collection technique used is the documentation method. Data analysis techniques used normality, multicollinearity, heteroscedasticity, multiple regression analysis, hypothesis testing t-test and F-test, Coefficient of Determination (R2). The results of the study partially show that the Firm Size (FS) variable has a positive and significant effect on financial performance (ROE) in BUMN companies, the Debt to Equity (DER) variable has no significant effect on financial performance (ROE) in BUMN companies, simultaneously the Firm Size variable ( FS)

Determinants Of Capital Structure In Manufacturing Companies In Emerging Stock Market

This study aims to examine and obtain empirical evidence that business risk, profitability, tangibility, firm size, liquidity, and asset growth rate, affect the capital structure of manufacturing companies listed on the Indonesia Stock Exchange in the 2017-2021 period. The study was conducted on 95 manufacturing companies listed on the Indonesia Stock Exchange for the period 2017 – 2021. The data used in this study is panel data. The method used in this research is explanatory with a quantitative approach and the sampling used is simple purposive sampling.analysis Explanatory is used to explain the relationships between the variables of capital structure, business risk, profitability, tangibility, firm size, liquidity, and asset growth rate. The results show that profitability and liquidity have a negative effect on capital structure, tangibility and asset growth rate have a positive effect on capital structure, while business risk and firm size have no effect on capital structure. The results also show that the simultaneous test concludes that all independent variables affect the dependent variable.

PENGARUH PROFITABILITY, GROWTH OPPORTUNITY, DIVIDEND POLICY DAN FIRM SIZE TERHADAP CAPITAL STRUCTURE

This study aims to analyze the effect of profitability, growth opportunity, dividend policy, and firm size. The subjects in this study are manufacturing companies that have been listed on the IDX in 2017-2019 with the criteria of not having a loss, presenting financial statements in rupiah, and distributing dividends every year. Purposive sampling technique used in selecting research subjects as many as 37 companies. Data collection is based on time series data and cross section data. Time series data is taken based on the order of time while the cross section is taken based on company data in one period. Data analysis was performed with multiple regression analysis then the effect and relationship were analyzed by F test and t test. The results showed that the variable growth opportunity and dividend policy have no effect on capital structure. While the profitability variable has a negative effect on the capital structure and firm size variable has positve effect on capital structure. The implication of this research is company managers need to pay attention to and increase profits and company size in carrying out their performance so that the company is increasingly in demand by investors.

KAITAN PROFITABILITAS, UKURAN PERUSAHAAN, LEVERAGE, DAN LIKUIDITAS TERHADAP KEBIJAKAN DIVIDEN PADA LQ 45

This study was conducted to determine the correlation between profitability, firm size, leverage, and liquidity in companies listed on the LQ 45 in Indonesia Stock Exchange. The sample selected using a purposive sampling method and 25 companies was chosen with the amount of data that could be used were 91. The data was processed using the IBM application version 22. Using non-parametric research with The Spearman Rank Correlation test results that the profitability variable has a strong, positive and significant correlation to dividend policy, the firm size variable has a weak, negative and insignificant correlation to dividend policy, the leverage variable has a moderate, negative and significant correlation to dividend policy, and the liquidity variable has a weak, positive and significant correlation to dividend policy. The results of this study show that companies that convey high profitability, leverage and liquidity can give a signal rather than the company will give a high dividend or not.

FAKTOR YANG MEMPENGARUHI FINANCIAL PERFORMANCE TERHADAP PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI

The purpose of this study was to empirically prove the effect of operating cash flow, leverage, liquidity and firm size on financial performance in manufacturing companies that are officially listed on the Indonesia Stock Exchange (IDX) in the period 2018-2020. Based on the criteria that have been set, 71 manufacturing companies have been selected as samples for this research using a purposive sampling method. The method of analysis used in this study is multiple linear regression using EViews version 12 and Microsoft Excel 2016. The results obtained from this study indicate that ther effect of leverage is a positive and significant on financial performance, while operating cash flow and liquidity have a positive and significant effect. not significant on financial performance and variable firm size has a negative and insignificant effect on financial performance.

PENGARUH UKURAN PERUSAHAAN, CAPITAL INTENSITY DAN KEPEMILIKAN MANAJERIAL TERHADAP AGRESIVITAS PAJAK (Studi Empiris Perusahaan Manufaktur Sektor Food Dan Beverage yang Terdaftar di BEI Tahun 2017-2021)

This study aims to determine the effect of Company Size, Capital Intensity and Managerial Ownership on Tax Aggressiveness in manufacturing companies in the Food and Beverage sector listed on the Indonesia Stock Exchange (IDX) in 2017-2021. The type of research used is quantitative. The sample selection was carried out based on the purposive sampling method, so that the samples obtained were 10 (ten) companies. The data analysis technique used is panel data regression. With data management using the Eviews 9 program. The results showed that simultaneously the variables Firm Size, Capital Intensity and Managerial Ownership have an effect on Tax Aggressiveness. Partially, Company Size has an effect on Tax Aggressiveness, Capital Intensity has no effect on Tax Aggressiveness and Managerial Ownership has an effect on Tax Aggressiveness. Keywords: Company Size; capital intensity; managerial ownership; Tax Aggressiveness

FAKTOR-FAKTOR YANG MEMPENGARUHI FIRM VALUE DENGAN VARIABEL KONTROL FIRM SIZE

The objective of this study is to determine the effect of leverage, liquidity, profitability and sales growth towards the firm's value. This research uses secondary data from manufacturing companies that is listed on the Indonesian Stock Exchange during the period of 2016-2019. The sample is selected using purposive sampling and amounted to 50 companies. The data is processed by using SPSS 25 and Eviews 12. Outputs obtained from this study indicates that leverage and profitability has a positive and significant influence towards firm value. Liquidity has a positive but not significant influence towards firm value. Sales growth has a negative and significant influence on firm value. Control variable firm size has a negative and significant influence on firm value.

Analysis of factors influencing stock returns with firm size as a moderating variable in the garment and textile industry listed on the Indonesian Stock Exchange (BEI) 2016-2020

The problem of this research was entering the era “New Normal” has become an opportunity for economic players to invest in the capital market. Due to the unstable economic conditions, Therefore, investors need to conduct fundamental analysis in macro and micro economics so that their investments can obtain high stock returns the objective of this research was analysis of Factors Affecting Stock Returns with Firm Sizeas Moderating Variable in the Garment and Textile Industry Listed on the Indonesia Stock Exchange (IDX) 2016-2020. The methodology of this research was the collection of data using the scondary data by annual report firm Garment and Tekstil in BEI. The samples used in research as many as 16 firm with technique purposive sampling. The results of the study showed that there is no effect significant of ROE, DER, DER onstock returns. There is a significant negative effect of Interest Rates and Firm Size on stock returns. Variable Firm Size was also not proven to play a moderating role in the influence of ROE, DER, and CR, but Firm Size was able to significantly moderatinge the effect of interest rates on stock returns of garment and textile companies 2016-2020.

Determinan Manajemen Laba Pada Perusahaan Jasa (Sub Sektor Transportasi) Yang Terdaftar Di BEI Tahun 2018-2021

This study aims to examine the effect of profitability, leverage, firm size, and earnings power on earnings management. The population in this study consisted of 46 transportation sector companies listed on the Indonesia Stock Exchange with an observation period of 2018-2021. The sampling method in this study used a purposive sampling technique, namely a method taken based on certain characteristics with certain techniques as well and the number of samples in the study were 88 samples. Testing was carried out using the Partial Least Square-Structural Equation Modeling (PLS-SEM) approach with the help of WarpPLS version 7.0 software used in data analysis and hypothesis testing. The results of the study found that the leverage variable has a negative effect on earnings management, while the profitability, firm size, and earnings power variables have no effect on earnings management.
 Keywords — Profitability, Leverage, Firm Size, Earnings Power, Earnings Management.

Effect of Company Firms size, Debt to Total Asset, and Return on asset on Dividend Payout Ratio (Emprirical Study of Coal Sector Companies Listed on the Indonesia Stock Exchange in 2016-2020

This study aims to examine the impact of company size variables, Debt to total assets (DTTA), and Return on assets (ROA) on dividend payout ratios in coal companies listed on the Indonesia Stock Exchange during the 2016-2020 period. This type of research is quantitative. The research sample consisted of 23 companies selected using purposive sampling method. Multiple linear regression analysis was used to determine the effect of the independent variables on the dependent variable. This study uses SPSS 23 data processing. The results of this study for the variables Firm Size, Debt to total assets, and Return on asset ratio have a significant effect on Dividend payout in coal companies listed on the Indonesia Stock Exchange.

THE ROLE OF FUNDING POLICY VARIABLES WITH COMPANY SIZE AS MODERATION VARIABLES IN LQ 45 COMPANIES

The purpose of this study is to determine the effect of sales stability, operating leverage, company growth, and asset structure on funding policies with company size as a moderating variable using LQ 45 company objects listed on the Indonesia Stock Exchange (IDX). This research was conducted for five consecutive years from 2017 to 2021 which included 29 company samples taken using a purposive sampling technique. Data were analyzed using multiple linear regression analysis and the Moderated Regression Analysis (MRA) test for moderating variables. The results showed that only sales stability and asset structure had a partial effect with significant value, while operating leverage, company growth, and profitability did not have a significant effect on funding policy / Dept. To Equity Ratio (DER), while for the variable firm size as a moderating variable only can weaken the relationship between operating leverage and funding policy/Dept to Equity Ratio (DER).

PENGARUH UKURAN PERUSAHAAN DAN OPINI AUDIT TERHADAP KETEPATAN WAKTU PUBLIKSAI PELAPORAN KEUANGAN (Studi Pada Perusahaan Subsektor Makanan Dan Minuman Yang Terdaftar Di Indeks Saham Syariah Indonesia ISSI Periode 2019-2021)

This study aims to find out whether the variable company size and audit opinion have an effect on the timeliness of publication of financial reports for food and beverage manufacturing companies listed on the Indonesian Sharia Stock Exchange (ISSI) and also listed on the Indonesia Stock Exchange for the 2019-2021 period. The population in this study are all manufacturing companies in the food and beverage sub-sector which are listed on the Indonesian Sharia Stock Exchange (ISSI) and also listed on the Indonesia Stock Exchange (IDX) for the 2019-2021 period. The sampling technique used purposive sampling. 16 manufacturing companies in the food and beverage sub-sector were obtained which were listed on Indonesian Sharia Stocks for the 2019-2021 period as research samples.
 This research is a quantitative study using secondary data in the form of the company's annual financial reports. The analytical method used in this study is binary logistic regression assisted by the IBM SPSS statistics 25.0 application. The results of this study indicate that the firm size variable has no effect on the timeliness of financial reporting publication, while the audit opinion variable has a significant effect on the timeliness of financial reporting publication. Simultaneously the independent variables, namely company size and audit opinion, have an effect on the timeliness of financial reporting publication.

INFLUENCE OF PROFITABILITY, SOLVENCY, COMPANY SIZE, AND AUDITOR'S OPINION ON AUDIT DELAY

There are many cases of companies that are late in reporting financial statements because an audit by an independent auditor takes quite a long time before being submitted to the OJK for publication. This study aims to determine the effect of profitability, solvency, company size, and auditor's opinion on audit delay in healthcare companies listed on the IDX from 2019 to 2021. This study uses purposive sampling; the population is healthcare companies listed on the Indonesia Stock Exchange, and the sample size is 54. This research applies data analysis, namely multiple linear regression analysis with a panel data regression model. Since this research uses the combined data of time series and cross-section, the analytical technique used in the analysis process to obtain more accurate results is multiple linear regressions with panel data. The data obtained is then processed using Microsoft Excel and SPSS version 26. The results show that the variables of profitability, solvency, firm size, and auditor's opinion have no significant effect on audit delay; those variables also have no simultaneous effect on audit delay. Keywords: Profitability, Solvency, Company Size, Auditor Opinion, Audit Delay.