Profit Impact Research Articles

The impact of Firm size, leverage, and Profitability on the Disclosure level of intellectual capital

The transformation of the economy from a production-based economy to a knowledge economy has increased the relevance of Intellectual Capital (IC). With the emergence of the Integrated reporting framework, the corporates have started reporting intellectual capital in annual reports, business responsibility reports.The present study aims to examine the relationship between the IC disclosure (ICD) and variables like Firm Size, Leverage, and Company Profitability. To find the relationship, a sample of 30 Bombay stock exchange-listed non-financial firms have been taken into consideration for three years, 2018–2020.he study concludes that firm size positively impacts the disclosure of IC. It can be inferred that the medium and small firms will not disclose much information related to Intellectual capital than large corporations. However, leverage negatively affects the disclosure of IC. It is rightly supported as higher the leverage; low disclosure will be there as investors wouldn’t be willing to invest in the organization. To attract investments, organizations wouldn’t disclosure the debt level. There is no influence of profitability on the ICD. The authors believe that the government should spread awareness about the disclosure of Intellectual Capital at the macro level and train the employees and management at all levels and sizes to increase the disclosure level.

Pengaruh Profitabilitas, Leverage, dan Struktur Modal terhadap Nilai Perusahaan dengan Kebijakan Deviden sebagai Variabel Moderasi

Abstract: Purpose: The COVID-19 epidemic has had a devastating impact on the international economy, particularly in Indonesia. The hospitality, dining, and tourism sectors are some of those most impacted by the COVID-19 pandemic. The impact of profitability, leverage, capital structure, and dividend policy as moderating variables on firm value is investigated in this study for companies in the hotel, restaurant, and tourism sub-sector listed on the Indonesian stock exchange between 2016 and 2021. Method: With data from the Indonesian stock exchange from 2016 to 2021, comparative descriptive approaches and quantitative methodologies were employed in this study. Purposive sampling was used to sample, and it revealed 15 businesses that fit the bill. Results: The findings in 15 companies show that profitability has no effect on firm value, with a significance value of 0,584; leverage has no effect on firm value, with a significance value of 0,896; capital structure has no effect on firm value, with a significance value of 0,122; dividend policy is able to moderate profitability on firm value, with a significance value of 0,025; dividend policy is unable to moderate the effect of leverage; and capital structure has no effect on firm value. Limitations: This study only uses the variables of profitability, leverage, capital structure, dividend policy to explain the variable value of the company, with a sample of companies in the hotel, restaurant and tourism sub-sector listed on the Indonesian stock exchange during 2016-2021. Contribution: The results of this study will likely be applied in investment decision-making. Businesses with concerns about profitability, debt, and capital structure can also utilize this research's findings as knowledge so they can act right away to keep their operations going in the future. Keywords: 1. Profitability 2. Leverage 3. Capital Structure 4. Firm Value 5. Covid-19 6. Pandemic 7. Sub-Sector Hotel 8. Restaurant and Tourism

Pengaruh pertumbuhan Aset, Leverage, ukuran perusahaan dan Profitabilitas terhadap kebijakan Dividen

The ideal dividend policy divides current payouts and long-term growth equally. Thus, the purpose of this research is to determine the impact of asset growth, leverage, firm size, and profitability on empirical dividend policy for companies in the food and beverage subsector listed on the Indonesia Stock Exchange, either partially or concurrently, during 2016 until 2020. This analysis uses the form comparative causal analysis to determine the relationship correlation two or many variables. Purposive sampling was used to choose manufacturers with in food and beverage subsector that were posted here on Indonesia Stock Exchange between 2016-2020 as samples for this study. Obtained 8 corporations which meet qualifications for the research sample, then the sample can be obtained 40 financial statements. This research method uses multiple regression analysis. The results partially prove that the profitability variable (NPM) on dividend policy has had a positive and significant effect, other variables of asset growth (AG) and leverage (DER) have a negative and significant effect on dividend policy, and firm size (SF) have had no effect on dividend policy. Simultaneously, there influence for the variables on asset growth (AG), leverage (DER), firm size (SF), and profitability (NPM) for dividend policy was obtained..

Is Profit–Loss-Sharing Financing Matter for Islamic Bank’s Profitability? The Indonesian Case

Financing is the main source of Islamic bank income as a financial intermediary that will contribute to the bank’s profitability. There are two financing schemes, namely profit–loss-sharing financing and nonprofit–loss-sharing financing. The main purpose of this study is to analyze the impact of profit–loss-sharing financing on the Islamic bank’s profitability. We employ 31 Islamic commercial banks in Indonesia using quarterly data and spanning from 2016 Q1 to 2020 Q4. Dynamic panel regression using the two-step system GMM is applied. The results showed that profit–loss-sharing financing has a negative effect on profitability, suggesting that profit–loss financing discourages Islamic bank performance. Meanwhile, some control variables such as size and liquidity risk positively influence profitability and low efficiency, and financing quality negatively affects profitability. These findings have an important implication for Islamic banks. Islamic banks must conduct tight monitoring for PLS financing so that this ex-post scheme can encourage the performance of Islamic banks.

Pengaruh Profitabilitas Dan Likuiditas Terhadap Harga Saham Sebelum Dan Saat Pandemi Covid-19

Financial ratios are one of the indicators used to assess the company's financial performance. The better the financial performance of a company will attract investors to invest in the company and the stock price will increase.
 The research aims to determine the impact of profitability as proxied by Return On Assets and Net Profit Margin, and liquidity proxied by Current Ratio and Quick Ratio on stock prices partially or simultaneously before and during the covid-19 pandemic, as well as knowing the differences in the Return On Assets, Net Profit Margin, Current Ratio, Quick Ratio, and stock prices before and during the covid-19 pandemic. This type of research is quantitative with an associative and comparative approach. The population of this research is the pharmaceutical industry sector and the Food and Beverage industry sector listed on the Indonesia Stock Exchange totaling 43 companies. The sampling method using purposive sampling method obtained as many as 13 companies. This research uses secondary data with data sources in the form of financial statements and stock prices for the 2019-2020 quarter from the www.idx.com website. So that the data obtained amounted to 52 data.
 In this research, in testing the data using IBM SPSS ver 25, the data analysis was carried out by multiple linear regression analysis and also different tests, namely the paired sample t-test and the Wilcoxon signed rank test. The results obtained are that partially ROA and CR have no significant effect on stock prices before and during the covid-19 pandemic, while NPM and QR have a significant effect on stock prices before and during the covid-19 pandemic. Simultaneously ROA, NPM, CR and QR have an effect on stock prices before and during the covid-19 pandemic. There is no difference between ROA, NPM, and Stock Price between before and during covid-19, while CR and QR there is a difference between before and during the covid-19 pandemic. The calculation of the coefficient of determination before covid-19 pandemic showed that all independent variables could explain the dependent variable of 81.1% and the remaining 18.9% was explained by factors outside the study, while during covid-19 pandemic all independent variables could explain the dependent variable of 21.8% the remaining 78.2% is explained by factors outside the study.
 
 Keywords: Return on Asset (ROA), Net Profit Margin (NPM), Current Ratio (CR). Quick Ratio (QR), Stock Price

Influence of Profitability, Leverage, and Environmental Costs On Environmental Performance

This study intends to determine the impact of profitability, leverage, and environmental costs on environmental performance. Profitability is proxied by the ratio of net income to total assets, leverage is proxied by the ratio of debt to equity. The population of this research is non-financial companies listed on the Indonesia Stock Exchange (IDX) and PROPER witha period of 2017-2020. The method of determining the sample used the principle of purposive sampling and obtained a sample of thirteen companies so that the total observations were fifty-two. Eviews 8 software is used in the study of the evidence for presumption testing by utilizing the panel regression analysis. The research results show that profitability, leverage, and environmental costs have a negative and insignificant effect on environmental performance.

The Impact of Profitability on Earnings Management for Commercial Banks Listed on the Iraq Stock Exchange

The study aims to analyze and measure the impact of profitability on the profit management of banks listed in the Iraq Stock Exchange. The study relied on a set of financial ratios for the profitability index and the loan-loss allocation model (LLP) to measure profits management, in addition to a number of standard models and statistical analysis methods compatible with the nature of the study to estimate regression equations. Where the research community represents the commercial banks listed in the Iraq Stock Exchange, and the research sample was represented by (10) banks listed in the Iraqi Stock Exchange, and for a period of (2004-2020). The study concluded that there is a statistically significant effect of the independent variable profitability in the management of profits for commercial banks. Based on the results, a series of recommendations are made, the most important of which is the necessity of activating the role of the Securities Commission in controlling banks, and taking appropriate measures against banks that apply profit management, as this leads to misleading the users of financial statements.

THE IMPACT OF PROFITABILITY AND DIVIDEND POLICY TOWARDS COMPANY VALUE OF INDONESIAN COMMERCIAL BANKS REGISTERED IN 2014-2019 INDONESIA STOCK EXCHANGE

This research aims to find out the description of company value also the impact of profitability and dividend policy towards company value of Indonesian Commercial Banks which are registered in Indonesia in 2014 through 2019. The profitability is measured by using Return on Asset (ROA), Return on Equity (ROE), dividend policy is measured by using Dividend Payout Ratio (DPR), and company value is measured by using the Price to Book Value (PBV). This research used secondary data collected from Indonesian Commercial Banks which are registered in Indonesia stock exchange. Quantitative Descriptive and Multiple Linear Regression analysis are used as the method of analyzing data in this research. The data are processed by using data analysis package software SPSS 24.0 version. The general conclusion shows that simultaneously, the profitability of ROA and ROE does significantly influence the company value. However, ROA partially has positive and significant impact towards the company value while ROE impacts negatively and significantly. Dividend policy does not influence positively and significantly towards the company value. Wherein the profitability and dividend policy is simultaneously influencing the company value of Indonesian Commercial Banks which are registered in Indonesia stock exchange.

Pengaruh Profitabilitas, Deviden Payout Ratio, Struktur Modal Dan Cash Holding Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur Sektor Konsumsi Di Bursa Efek Indonesia (BEI)

In the all-digital era, it is very easy for people to participate in transactions in the capital market. Many people judge a company based on the high / low value of a company's shares. This research has a purpose as to examine the impact of profitability, dividend payout ratio, capital structure, & cash holding on the increase/decrease in company value. In this research that we made, we agreed to use quantitative research methods, the method is to collect numerical data (quantitative) and analyzed statistically, in this case we use the SPSS application. The data we use in this research is secondary data which is obtained through the Indonesia Stock Exchange (IDX) website or www.idx.co.id. The total cooperate that we researched are 12 consumer sector manufacturing companies. The period/year of the financial statements studied is 2017-2020 (4 years) as the total data is 48 data. The results of the research show that the value of X (Profitability, Dividend Payout Ratio, Capital Structure, and Cash Holding) has a significant impact on the value of Y (Company Value). Meanwhile, simultaneously, it shows that the value of X (Profitability, Dividend Payout Ratio, Capital Structure, and Cash Holding) has an insignificant positive/negative impact on Y (Company Value).
 
 Keywords : Profitability, Dividend payout ratio, Capital structure, Cash holding

Impact of Profitability and Leverage on Tax Avoidance; Corporate Social Responsibility (CSR) As Mediating Variable

The purpose of this research is to analyze the factors that influence tax avoidance. The population of this study are coal mining companies listed on the IDX in 2017-2021. The research sample consisted of the financial reports and annual reports of companies listed on the IDX from 2017 to 2021. The purposive sampling technique was applied in this study, generating 100 observational data from the acquisition of 20 organizations over the 5-year study period. SPSS program version 25.0 is used in this research analysis. Based on the results of the study, profitability has no significant negative effect on corporate social responsibility, while leverage has no significant positive effect on corporate social responsibility. In addition, profitability has no significant negative effect on Tax Avoidance, tax avoidance has a significant positive effect on leverage, and corporate social responsibility has no significant positive effect on Tax Avoidance. The mediation results in this study indicate that Corporate Social Responsibility is unable to mediate between profitability and leverage on Tax Avoidance.Keywords: Leverage; Tax Avoidance; Profitability; Corporate social responsibility.

The Effect of Profitability, Liquidity, and Solvency on Sustainable Reporting with Corporate Governance as Moderating Variable

This study aims to examine the effect of profitability, liquidity, and solvency on sustainable reporting. This study also examines the impact of corporate governance in moderating the effect of profitability, liquidity, and solvency on sustainable reporting. We use data on finance, governance, and sustainability reporting obtained from financial reports and sustainability reports for financial institution companies over 5 years, from 2016 to 2020. We use multiple regression to estimate the research model. Empirical findings show that profitability and liquidity have a positive impact on sustainable reporting. Other findings also show that corporate governance can increase the positive impact of profitability on sustainable reporting.

Faktor-Faktor yang Mempengaruhi Manajemen Laba pada Perusahaan Sub Sektor Tekstil dan Garmen pada Bursa Efek Indonesia

Earnings management is one of the manager's actions in attaching financial statements that are not based on facts. This research seeks to determine, analyze, and test the impact of managerial ownership, profitability, leverage, and company size on the earnings management. Population in this research is manufacturing company sub sector textile and garment listed in Indonesia Stock Exchange year 2017 until 2020. This research has 22 companies population selection of sample by using purpsive sampling method and there are 11 companies that meet the required sample criteria. The method used in this study is multiple regression. The results of this study indicate that managerial ownership, profitability, leverage have no signifcant effect on earnings management, while company size has a significant negative on earnings management.

Measuring the Impact of Liquidity, Profitability and Volume on Financial Performance: An Analytical Study of a Sample of Industrial Companies Listed in the Iraq Stock Exchange

The study aimed to identify the impact of each company's size, profitability and liquidity on the financial performance practices in the Iraqi industrial companies environment. The research sample included the financial reports of 23 companies registered in the Iraq Stock Exchange for the period from 2010 to 2020, and the impact of these variables was measured according to regression using the weighted least squares method. The study concluded that most of the sample companies practice the profit management process, albeit at a low level. Significant effect of company size on the financial performance of the research sample companies. Where the results of the analysis showed the existence of a significant effect with a significant statistical significance represented by a coefficient of determination of 41% for each of the volume, profitability and liquidity in the financial performance, and the analysis of variance proved the validity of this effect. The study recommended that companies should work on developing the economic infrastructure through energy use The unemployed, and working to increase spending in each of the research and development fields in order to join international companies.

Analysis of the Determinants for the Publication Speed of Annual Financial Statements

The purpose of this study is to determine the simultaneous and partial effects of Company Age, Financial Distress, Independent Commissioners, Institutional Ownership, and Profitability on the Publication Speed of Financial Statements. The study population is companies listed on the Indonesian Stock Exchange between 2018-2020. It can draw the following conclusions from the findings: At the same time, Company Age, Financial Distress, Independent Commissioners, Institutional Ownership, and Profitability influence the speed at which financial statements are an issue. In some cases, it may appear that not all variables significantly affect the annual financial report issuance rate. Company Age, Financial Distress, Independent Commissioners, and Profitability affect the Publication Speed of Financial Statements, but Institutional Ownership does not. By considering the impact of Company Age, Financial Distress, Independent Commissioners, Institutional Ownership, and Profitability on the speed of issuing annual financial reports. These companies expect to release yearly financial statements as soon as possible so that they can optimize their performance to attract investors to invest.

Metal-Organic Framework Integrating Ionic Framework and Bimetallic Coupling Effect for Highly Efficient Oxygen Evolution Reaction.

Metal–organic frameworks (MOFs) are recognized as promising electrocatalysts for the oxygen evolution reaction (OER) because of their permanent porosity and rich architectural diversity; however, ionic MOFs enabling fast ions exchange during OER are rarely explored. Here, an ionic MOF (Ni‐btz) constructed with an azolate ligand is selected, and continuous 3D bimetallic MOF (NiFe‐btz) films deriving from high‐degree intergrowth of microsized MOFs particles are fabricated. The as‐prepared NiFe‐btz/NF‐OH electrode exhibits excellent OER performance with a low overpotential of 239 mV at 10 mA cm−2 under alkaline condition. The OER charge transfer process and bimetallic coupling effect in ionic NiFe‐btz are probed by density functional theory calculations and confirmed via X‐ray photoelectron spectroscopy and in situ Raman measurements. The partial density of states of NiFe‐btz indicates that the main contribution for electron density around the Fermi level is from Cl ions clarifying the profitable impact of ionic MOF framework. This work systematically demonstrates the relationship of electronic structure and OER activity in ionic, bimetallic MOFs and expands the scope of 3D MOF films for efficient OER.

The Impact of Liquidity, Solvability, Activity, Profitability, Asset Growth, and Sales Growth to Systematic Risk With Firm Size as Moderating Variable on Consumer Non-Cyclicals Company Listed in Indonesia Stock Exchange 2017-2021

Investors need useful information as a signal to decide on investment because investment activity contains risk of uncertainty that will occur in the future that can not be handled by diversification which is called systematic risk. Systematic risk is calculated by beta stock which the companies have different beta values. Therefore, this research aims to analyze the impact of financial information on the beta stock in sector consumer non-cyclicals listed on Bursa Efek Indonesia (BEI) with the observation period 2017-2021. Respon variables in this research are liquidity, solvability, activity, profitability, asset growth, and sales growth, with firm size as the moderating variable. Population in this research was 103 companies, then got 40 companies after doing the purposive sampling method, so there were 200 units of analysis with five years of analysis. Data analysis method using SEM-PLS analysis with software SmartPLS. The results show that liquidity has a significant negative impact on systematic risk. Solvability, profitability, and sales growth significantly positively affect systematic risk. Activity and asset growth are not relevant to systematic risk. The moderation test result proves that firm size significantly adequates the impact of liquidity, profitability, and sales growth on systematic risk. Firm size does not significantly adequate the impact of solvability, activity, and asset growth on systematic risk.

Asset-light operation strategy for car-sharing model with vertical shareholding: financial leasing or instalment factoring

ABSTRACT Supply chain finance is an important way of realising the transformation of the asset-heavy operation mode in car-sharing services to an asset-light operation mode, by transforming the ownership cost into a variable cost. This study considers a service supply chain with vertical shareholding comprising a vehicle manufacturer and a car-sharing operator; further, it establishes financing decision-making models under financial leasing (FL) and instalment factoring finance (IFF) and explores the impact of profitability and shareholding ratios on FL and IFF. The results how that service profitability has a fundamental influence on financing decisions. The pooling effect and service satisfaction rate affect ownership costs and rental income, respectively. In turn, these factors jointly affect the choice of financing strategy. Moreover, there is a threshold of financing strategy choice related to the shareholding ratio: a large shareholding ratio means IFF is optimal, while when the ratio is low, FL is optimal. Finally, under certain conditions, a composite contract with revenue sharing and linear transfer payment for the optimal financing strategies can be adopted to improve supply chain performance. This study thus provides effective strategies for realising asset-light operation in car sharing by transforming ownership cost into variable cost.

The influence of profitability, leverage, capital intensity, and firm size on tax aggressiveness during covid-19 pandemic

In Indonesia, businesses have recently engaged in tax aggressiveness. The Republic of Indonesia's Ministry of Finance estimates that by the middle of 2020, tax evasion by businesses as reported by the Tax Justice Network might result in a loss of roughly Rp 68.7 trillion annually in worldwide tax collections. State tax income is reduced as a result of this. Additionally, the Covid-19 pandemic has increased economic instability. The purpose of this study is to investigate the impact of profitability, leverage, capital intensity, and business size on tax aggressiveness during Covid-19 pandemic. Profitability, leverage, capital intensity, and company size are the independent variables in this study, while firm age is the control variable. The dependent variable is tax aggressiveness, which is determined by the effective tax rates (ETR). In the 2020–2021 timeframe, 170 manufacturing companies listed on the Indonesia Stock Exchange were chosen as the target of observation. Using the purposive sampling method, a sample of 100 manufacturing businesses was obtained based on predetermined criteria. The findings revealed that profitability, leverage, and capital intensity all had a considerable impact on tax aggressiveness. While the size of the business has no substantial impact on tax aggressiveness. Age of the firm, which serves as the control variable, has a negative and considerable impact on tax aggressiveness.

Peran Produk Financial Technology dalam Kinerja Keuangan Perusahaan

Fintech innovation is one of the corporate strategies to increase profitability and firm performance. This study examines the firm's performance before and after the company launches fintech products. The sample of this study is the companies running fintech innovations for two years and previously also operated without them, which consisted of 19 companies from 51 licensed e-money providers in Indonesia. This limitation occurs because there are still many companies that have not published their financial statements. The event study method and paired sample t-test were used to test the research hypothesis. The results indicate a significant change in return on assets (ROA) but no significant change in return on equity (ROE). This study can contribute to the fintech industry regarding the profitability impact on companies before and after launching fintech products in Indonesia

The Impact of Covid-19 Pandemic, Liquidity and Profitability: Experience from Selected Banks in Tanzania

This study aimed to examine the effects of COVID 19 pandemic on the liquidity and profitability of the Tanzanian banks that are listed in the Dar es Salaam Stock Exchange. The study realised the objective by comparing the profitability and liquidity trend before and after the emergence of COVID-19. The differences between these values were then statistically examined to evaluate the impact of COVID 19 on the trends before and after the outbreak. The secondary data on the six selected banks were derived from the audited financial accounts for the six-year period (2016 to 2021), which included the three years prior to and three years after the COVID 19 outbreak. The results showed that liquidity positions of most banks had deteriorated. Regarding profitability, the results indicate that small sized banks experienced more declining profitability than was the case with big banks. Furthermore, the statistical difference between the means of liquidity (proxy by liquidity ratio) and profitability (ROA) before and after COVID 19 were statistically insignificant at a 5 per cent level of significance. This implies that the impact of COVID 19 on liquidity and profitability of the selected banks was minimal. The study provided an insight on the evidence that to a great extent the selected listed banks managed to mitigate the impact of COVID-19 pandemic as they were not severely affected resulting from the bailout strategy devised by the Central Bank of Tanzania (BOT).