Profit Impact Research Articles

Impact of Capital Structure and Profitability on Stock Return of Manufacturing Companies Listed on the Indonesian Stock Exchange (IDX) in the Period 2018-2021

Impact of Capital Structure and Profitability on Stock Return of Manufacturing Companies Listed on the Indonesian Stock Exchange (IDX) in the Period of 2018–2021" is the study's title. This study investigates and summarizes the material influence of capital structure and profitability on stock returns. 65 manufacturing businesses that were listed on the IDX for the years 2018 through 2021 made up the survey sample. Purposive sampling was carried out using a targeted sampling strategy. Using the application program Eviews version 10, analyze the hypothesis using data panel regression analysis. According to the results of the analysis, capital structure (DER) and profitability (ROA) as simulants have no significant effect on stock return, whereas only capital structure as a partial has no significant effect on stock return and profitability as a partial has no significant effect on stock return.

PENGARUH ASSET TANGIBILITY, PROFITABILITAS, PERTUMBUHAN PERUSAHAAN DAN LIKUIDITAS TERHADAP STRUKTUR MODAL

The purpose of this study is to provide empirical evidence on the impact of asset tangibility, profitability, growth and liquidity on the capital structure in manufacturing industry companies listed in Indonesian Stock Exchange during the period of 2018-2020. In this research, samples used of 74 manufacturing companies for three years were selected previously using the purposive sampling mtehod. Secondary Data were used in this research which is in the form of financial information from financial statement. Data was processed by eviews 12. The results of this study shows that asset tangibility, profitability, and growth have a significant effect on capital structure. Suggestion that can be given for next research it is expected to use other independent variables such as company size, non-debt tax shield, company age that might show better result.

Does Transfer Pricing Costs and Profitability Impact Tax Avoidance?

This study is examined with the target information whether there is an impact arising from transfer pricing and returns on assets to tax avoidance. This study uses secondary data that has been collected from the Indonesia Stock Exchange (IDX) in the form of financial reports (annual) for 2019-2021 in the trade, services & investment sector. The sample selection used a purposive sampling method. The results obtained from tests carried out on companies in the trade, service & investment sector, namely, transfer pricing has an impact on the possibility of carrying out tax avoidance with a value of 0.00, return on assets (ROA) has no impact on tax avoidance with a value of 0.053, and transfer pricing and return on assets (ROA) as a distinctive effect on tax avoidance with a value of 0.00. Keywords: Transfer Pricing, Return on Assets, and Tax Avoidance

Pengaruh Pengungkapan Laporan Keberlanjutan dan Profitabilitas Terhadap Manajemen Laba pada Perusahaan Batu Bara di Indonesia periode 2017-2021

Nowadays, corporate social responsibility is the common thing that every company does. However, corporations tend to deliver irrelevant information alongside corporate social responsibility activities. Profitability also becomes a reason companies try to manipulate the financial statement with earnings management practices. This study focuses on the impact of sustainability report disclosure and profitability toward earnings management on public Indonesian coal companies in 2017-2021. This study is the causal method. The population in this study used public Indonesian coal companies in 2017-2021. The sample was selected using the purposive sampling method with 15 samples. This study uses corporate governance and the anti-corruption dimension provided by the GRI G4 standard as indicators of sustainability report disclosure, ratio of return of assets as an indicator of profitability, and total periodic accrual value entity as an indicator for earnings management. Results of this study show sustainability report disclosure has no effect on earnings management in this entity; meanwhile, profitability affects the earnings management practices that happened. Future studies may include more aspects of the sustainability of disclosure to the study.

Impact of profitability elements on the food and beverage industry in Malaysia

This study investigates the impact of profitability on Malaysia's food and beverage industry, analysing four independent variables: leverage, liquidity, growth, and productivity. The sample comprised 35 listed companies in the sector, and ordinary least square (OLS) regression was used for data analysis. The results indicate a significant negative correlation between liquidity and profitability, while growth and productivity have a positive influence on profitability. These findings diverge from prior research, which suggested a negative effect of liquidity on profitability and a positive impact from growth, leverage, and productivity. However, certain limitations exist, such as the small sample size and exclusion of sub-sectors. Future research should consider a more diverse and extensive sample, including private firms, to yield comprehensive results. Additionally, adopting novel data gathering methods could enhance the study's quality and scope. Policymakers and investors can benefit from this study's insights to foster growth and informed decision-making within the food and beverage industry.

The Impact of Profitability, Solvency, Good Corporate Governance, and Tax Compliance on Corporate Sustainable Longevity

The Impact of Profitability, Solvency, Good Corporate Governance, and Tax Compliance on Corporate Sustainable Longevity

The impact of corporate social responsibility, corporate value, and profitability on the share prices of Sri Kehati Index Companies from 2016 to 2020

Investor interest in a company can be measured by changes in the share price of each company. This research will test and analyse the impact of corporate social responsibility, profitability and enterprise value on share prices. The share price becomes an attraction for investors and becomes the basis for the valuation of the company, which can be observed from the rising or falling share price trend. The data source uses secondary data in annual financial and sustainability reports of each company listed on the Indonesia Stock Exchange (IDX) and Sri Kehati Index, respectively, in 2016 - 2020. The data analysis method uses panel data regression, which was conducted in stages to determine the most appropriate regression model, and finally fixed effect was selected. The results of the study show that the variables of profitability and firm value affect stock prices, while social responsibility does not.

Determinants of Occupational Health and Safety Disclosure: An Empirical Study of Property, Real Estate, and Building Construction Companies on IDX

Occupational Health and Safety Disclosure (OHSD) is essential to provide the public and stakeholders with more information about a company. In particular, OHSD still needs further research because the work accidents in Indonesia are currently excessive, but not all companies disclose it. OHSD is also crucial for corporate sustainability. The primary objective of this study is to conduct an empirical study of the impact of Profitability, Leverage, and The Size of the Board of Commissioners on OHSD. The research method used in this study is quantitative and secondary data obtained from the annual reports and sustainability reports of the property, real estate, and building construction companies listed on the Indonesia Stock Exchange (IDX) from 2019 to 2021. The sampling technique used is purposive sampling, with 81 samples. Data analysis used panel data regression with a Random Effect Model (REM). The study concluded that Profitability and Leverage (DER) significantly and positively affect OHSD. However, the size of the Board of Commissioners has a negative and significant effect on OHSD. The research results imply the Occupational Health and Safety Disclosure as material for preparing company policies. For academics, this research is expected to expand the financial accounting literature on OHSD from the stakeholder theory perspective.

The Impact of Capital Structure, Firm Size, Growth, And Profitability on Firm Value

The study aims to be carried to ascertain the effect of capital structure, firm's size, growth, and profitability upon firm value. Previous research on corporate value produced inconsistent results, indicating that more research is required to assess firm worth. In the 2019-2021 period, Third-party information in the structure of annual reports on transportation sector firms collected from the IDX site is applied by researchers. Purposive sampling was utilized in this study. Data analysis approaches such as descriptive statistical analysis and multiple linear regression analysis were used in this study. First, descriptive statistics, classical hypothesis testing, multiple linear regression analysis, and hypothesis testing are accomplished. According to the results of this study, firm size and profitability have an impact on firm value, however capital structure and growth have no impact on firm value.

ANALYSIS NETWORK INSTALLATION ON INDIHOME AND DOUBLE CONFIGURATION ON DASHBOARD VOICE SERVICE SURVEILLANCE TREG-3

The projects related to management system and business processes have a low risk in every job. This method can be done in overcoming installation problems on Indihome that add performance to customers consists of an aggregate effort to perform maintenance by effectively utilizing and material through the application standard procedures that the company has to develop the system. The business orientation has a correlation between production process focus and performance at the business unit level using the profit impact of marketing strategies database. The relationship between production process focus and financial performance for business units was partially supported using return on sales, and was not supported with return on assets and return on income. The companies have prioritized this Enterprise Resource Planning (ERP) plan to manage their daily business activities, such as financial management, procurement, production, projects, human resources, and others. The system can facilitate businesses with real-time and accurate information. The implication is hase degree of production process focus must be recognized as part of a manufacturing strategy that is consistent with an overall business strategy. The method has purpose problems found in the network installation on Indihome and double configuration contained of voice service Treg-3 surveillance to reduce the obstacles that occur in customers. The case study uses the Network Installation method, Activity Diagram, Use Case Diagram, Deployment Diagram, DFD level 0, DFD level 1, DFD level 2

The Impact of Exchange Rate Changes and Diversified Revenue Structure on The Profitability of Commercial Banks

All the income of commercial banks is divided into traditional interest rate spread income and various non-interest income, all along, the bank's income mainly comes from its deposit and loan spread, that is, net interest income, and other businesses develop slowly. However, with the deepening of interest rate market-oriented reform and foreign exchange system reform, the diversified development of commercial banks has become increasingly prominent, becoming one of the basic hubs for bank transformation and financial risk prevention and control. Based on the revenue data of 10 listed commercial banks in China from 2011 to 2021, this paper analyzes the impact of commercial banks' profitability on their income structure and exchange rate changes, so as to explore the business strategies that can bring profit improvement to banks in the context of changing macro economy.

The Effect of Profitability, Leverage and Capital Intensity on The Effective Tax Rate On Lq45 Companies on The Indonesia Stock Exchange (IDX) For The Period 2016 – 2019

This study was conducted in order to find out the impact of profitability, leverage and capital intensity on the effective tax rate in LQ45 companies on the Indonesia Stock Exchange (IDX). This study uses data derived from the economic report of the LQ45 company listed on the Indonesia Stock Exchange (IDX) for the 2016-2019 period. This study uses quantitative methods, then the data obtained will then be in the form of numbers. The results of this study are the discovery of negative and substantial profitability impacts on the effective tax rate, found negative and substantial impacts of leverage on the effective tax rate and no impact of capital intensity on the effective tax rate on LQ 45 companies on the Indonesia Stock Exchange (IDX) for the period 2016 - 2019.

Unlocking the link between company attributes and sustainability accounting in shanghai: firm traits driving corporate transparency and stakeholder responsiveness

Sustainability accounting is crucial for corporate transparency and responsibility, but its relationship with firm characteristics in Shanghai, China’s financial center, remains poorly understood. This study uses a descriptive-analytical methodology to examine the impact of firm size, industry type, and profitability on sustainability accounting practices. A systematic literature review and meta-analysis of 43 studies provide insights into the extent and drivers of sustainability reporting. The findings reveal a positive association between firm size (r = 0.389) and profitability (r = 0.327) with sustainability reporting. Larger, more profitable firms, including state-owned enterprises, exhibit extensive sustainability accounting practices. However, the effect of industry type is inconclusive (r = 0.061), indicating a contingent relationship dependent on firm-specific contexts. The study suggests implementing regulations mandating minimum sustainability disclosure for large and profitable enterprises. Capacity-building initiatives for small private firms and the adoption of integrated reporting policies can enhance transparency. These outcomes contribute contemporary insights into corporate sustainability accounting in China’s evolving landscape. The implications extend to policy development and collaborative efforts to expand sustainability measurement and disclosure in Shanghai. Tailoring regulatory initiatives to firm profiles, such as size and profitability, enhances sustainability accounting practices. Targeted capacity-building programs, assurance mandates, and integrated reporting regulations improve the quality and usefulness of sustainability accounting information. Collaboration with the investor community is crucial for mainstreaming sustainability measurement and disclosure. This study deepens the understanding of sustainability accounting practices in Shanghai, an emerging economy financial hub. It provides insights for policy development, emphasizing firm and sector-specific factors driving sustainability accounting. Policymakers can promote transparency and responsibility by considering firms’ unique characteristics, fostering a more sustainable business environment.

Impact of macroeconomic factors on firm performance: Empirical evidence from India

Understanding the macroeconomic factors is essential for all firms operating in the economy. Investment decisions, financing decisions, and risk management of firms are influenced by the existing macroeconomic factors, thereby impacting their performance. This paper examines the effect of macroeconomic factors on the performance of Indian manufacturing firms. Two-step generalized method of moments model is applied in this investigation to analyze the effect of firm performance from the financial year 2004-05 to 2021-22. Firm performance is proxied by two accounting-based measures and a market-based measure, namely, return on assets, return on equity, and Tobin’s Q, respectively, while the macro-economic factor is proxied by annual gross domestic product growth rate. The empirical findings show that firm performance has a positive relationship with macroeconomic factors. In addition, the findings reveal that firm size, firm age, leverage, sales growth, and operating profit impact firm performance. The study further extends to examine the moderating effect of financing constraints (measured by firm size and age) on macroeconomic factors and firm performance. The results show that the effect is more pronounced on small and young firms as compared to large and mature firms. The study also evaluates the impact of macroeconomic factors on firm performance excluding the crisis periods (the financial crisis of 2008 and the COVID-19 pandemic) and finds the impact on the market performance to be insignificant during non-crisis periods. This study recommends that lenders, managers, and other stakeholders should take proactive policy measures for any anticipated adverse changes in macroeconomic factors on the performance of Indian firms. AcknowledgmentsThe financial and infrastructural support provided by FORE School of Management, New Delhi, India in completing this paper is gratefully acknowledged.

THE EFFECT OF COMPANY VALUE, PROFITABILITY AND LIQUIDITY ON CSR DISCLOSURE

The objective of this research is to examine the impact of enterprise value, profitability, and liquidity of the entities on the disclosure of corporate social responsibility. Quota sampling method was chosen to determine sample data. Sample for this research is entities that have SRI-KEHATI index on Indonesia Stock Exchange with financial report years 2019-2021. This paper uses linear regression for hypothesis testing. The results are independent variable (enterprise value, profitability, and liquidity) positively effect to dependent variable (CSR Disclosure). This implies that companies with higher enterprise values, profitability, and liquidity are more inclined to disclose information about their corporate social responsibility efforts.

Impact of Profitability, Firm Size and Investment Opportunities on Earning Quality: Evidence from Pakistan

Purpose: This study aimed to examine the impact of profitability, firm size, and investment opportunities on earning quality of companies in Pakistan. For this purpose, 100 non-financial companies were selected from the top industries of Pakistan registered on the Pakistan Stock Exchange from 2014 to 2021. This study has taken earning quality as a dependent variable, while profitability, firm size and investment opportunities are used as the independent variables.
 Design/ Methodology/ Approach: For the purpose of investigation, descriptive statistics are presented and the multi co-linearity test, Hausman test, and random effect regression model are conducted. A purposive sampling technique is used in this research.
 Findings: The research indicates that the profitability and investment opportunities have a significant and positive effect on earning quality of the companies. On the other side, the research demonstrated that the firm size has a significant negative effect on earning quality. The reason behind this relation is that the large-scale firms expands their discretionary accruals and manipulate the earnings as they want to show the healthy financial circumstances of the company in the market, so that they can attract investors. Therefore, by doing this manipulation, earning quality is impacted, which indicates the negative effect of firm size.
 Implications/ Originality/ Value: This study would help the investors and stakeholders to better understand the financial condition of the non-financial companies of Pakistan before investment. Depending upon all the results, it is recommended that all companies must improve their earning quality and present it without manipulation so that the investors and other stakeholders can make more investments and profits.

The Impact of Firm Growth and Profitability on Debt Policy

Debt policy is one of the decisions that a firm should consider. Managers should set a sound debt policy, taking the right risks and ratios into consideration to ensure the growth of the firm. There are factors that need to be taken into consideration when determining debt policy. These are the asset structure of the firm, firm size and profitability. The aim of this study is to determine the impact of firm growth, asset structure, and profitability on debt policy. Financial statement data of 312 firms traded on the BIST between 2012 and 2021 were used. Panel data analysis was conducted as the methodology in the study. According to the findings of the analysis, firm growth has a positive and statistically significant impact on debt policy. However, other independent variables have no statistically significant impact on the dependent variable.

Impact of Profitability, Capital Structure, and Firm Size on Pharmaceutical Company Valuation: Evidence from Indonesia


 
 
 
 
 
 
 
 
 
 
 This study aims to examine the influence of profitability, capital structure, and firm size on the valuation of pharmaceutical companies listed on the Indonesia Stock Exchange (IDX) during the period 2015-2020. The research population comprises all pharmaceutical firms listed during this period, totaling eight companies. Employing a saturated sampling technique, the study utilizes all eight companies as its sample. Data analysis involves multiple linear regression using SPSS version 26. The results reveal that profitability, proxied by Return On Asset (ROA), capital structure, proxied by Debt to Equity Ratio (DER), and firm size, proxied by Total Assets, exert a positive and significant impact on company valuation, measured by Price to Book Value (PBV), with a substantial explanatory power of 73%, leaving 27% of the variation unaccounted for by the variables examined in this study. These findings contribute to a better understanding of the determinants of pharmaceutical company valuation and have implications for investors, policymakers, and researchers in the global pharmaceutical industry.Highlights :
 
 This study investigates the impact of profitability, capital structure, and firm size on the valuation of pharmaceutical firms in the Indonesian stock market from 2015 to 2020.
 The research utilizes a saturated sampling technique, including all eight pharmaceutical companies listed during the study period.
 Findings reveal a significant positive relationship between profitability, capital structure, firm size, and company valuation, shedding light on critical factors influencing pharmaceutical company performance in the global market.
 
 Keywords: Pharmaceutical companies, Valuation, Profitability, Capital Structure, Firm Size
 
 
 
 
 
 
 
 
 
 
 
 
 

An Economic Impact of Grocery Retailers in Mannargudi

The grocery retail sector has a significant profitable impact on original husbandry, employing millions of workers to give consumers safe, healthy, and affordable food every day. Agriculture is the top occupation of the people of Mannargudi. The city is located at a distance of 28 km from the headquarters Thiruvarur, 36 km from Kumbakonam, 40 km from Thanjavur and 310 km from the state capital Chennai. The city saw a growth of merchandising by 40 percent over the last few years. Retail formats include departmental stores, shopping malls and grocery stores. The retail sector has 500 outlets which include an unorganized sector similar to grocery stores and other traditional formats. Hence buying groceries becomes accessible. Let us have a look at the different products offered by grocery stores in Mannargudi.

Understanding the Importance and Profitability Impact of Debt to Equity Ratio on Companies

The progressive debate on the capitalist system of capitalism has been one of the most important institutional topics in the literature since Modigliani and Miller (M-M theorem 1958 and 1963) incorporated it into origin and education. Financial impact on company value. To address this issue, it relied on an international agency that has evaluated the performance of large and low-debt companies since 2004. December. until 2018 The findings showed the performance of large debt capital companies. significantly lower than the low debt-to-equity ratio. We noticed tall companies. Businesses are designed to be financially stable and therefore cheaper than their peers, as higher debt leads to less bankruptcy losses. Interestingly, our research focuses on specific areas: cross-border, cross-sectoral, added value and long-term analysis. These empirical data later contradicted M. M.'s recommendations on the principle of inequality in the capital system (1958; 1963).