Profitability Value Research Articles

Financial Performance and Capital Structure on Firm Value with Commodity Prices as a Moderating Variable

The objective of this study is to examine the impact of liquidity, profitability, and capital structure on firm value, with commodity prices as a moderating variable. Causal research was employed, and 23 companies were selected as samples using purposive sampling at the IDX. Secondary data from these companies were used for analysis, and panel data analysis with e-views was applied. The findings reveal that liquidity and profitability do not significantly influence firm value, while capital structure has a significant effect on firm value. Commodity prices moderate the relationship between profitability and firm value, but not for liquidity and capital structure. The study's implications suggest that coal mining companiesˑneed to carefullyˑconsider decisions that affect theirˑvalue, particularly regarding investment funding through the management of capital structure, profitability, and liquidity. For investors, it is crucial to make informed decisions based on firm value and performance, considering financial reports and stock price developments at IDX

Analisis Kelayakan Usaha Industri Kecil Menengah Tas Di Kecamatan Tanggulangin Kabupaten Sidoarjo

Small and medium industries (SMIs) have contributed greatly to national economic growth and community welfare. The important role of the SMI sector can be seen from the employment of 12.39 million people or contributing 66.25% of the total workforce in the industrial sector. The important role of the SME sector can be seen from the absorption of 12.39 million workers or 66.25% of the total workforce in the industrial sector. SMEs are able to contribute to the growth of the non-oil and gas industry by 21.22%. This research uses a qualitative analysis method with primary and secondary data. Data were collected through literature study, observation, interviews and documentation conducted on six informants of bag entrepreneurs in Kedensari Village, Tanggulangin District, Sidoarjo Regency. Business feasibility analysis is determined using the cost and profit analysis formula. The formulas used are R/C ratio analysis, B/C ratio, and ROI. Based on the results of research conducted on six bag entrepreneurs in Kedensari Village, Tanggulangin Subdistrict, Sidoarjo Regency, the analysis of R/C ratio, B/C ratio, ROI shows the results >1 which indicates that the business is feasible. This shows that the value of profits earned by bag entrepreneurs is more than the total costs and business capital incurred during bag production.

Influence of Fundamentals on Firm Value With Corporate Social Responsibility as a Moderating Variable in Consumer Goods Companies Listed on the Indonesian Stock Exchange

This study aims to determine whether profitability and liquidity with CSR as a moderating variable affect consumer goods companies listed on the IDX in 2019-2021. The population of this study are consumer goods companies listed on the IDX in 2019-2021 totaling 79 companies. The sampling technique used purposive sampling method with a total of 38 observations that met the research sample criteria. The analysis method used is moderation regression analysis with the SPSS (Statistical Package For The Social Sciences) application tool. The results of this study indicate that liquidity and profitability has a positive effect on firm value. CSR has a positive effect in moderating the relationship between liquidity and firm value. Meanwhile, CSR has a negative effect in moderating the relationship between profitability and firm value.

Feasibility Analysis of Tilapia Fish Farming in Floating Net Cages (KJA) in Lake Ranau

Lake Ranau is located on the border of West Lampung Regency, Lampung Province and South Ogan Komering Ulu Regency, South Sumatra Province. Lake Ranau has functions including ecological and socio-economic cultural functions. Some important technical aspects in a tilapia aquaculture business in KJA include KJA components, maintenance/production processes ranging from seed stocking, feeding to harvesting and constraints faced by farmers during the production process. The criteria observed in determining the feasibility of tilapia KJA cultivation include: investment costs, profits, profitability, BEP (Break Event Point) and R / C Ratio (Revenue Cost Ratio). Economically, tilapia aquaculture in KJA in the waters of Lake Ranau is profitable and feasible for both category I and category II. The profitability value of this KJA farming business is 115% for category I and 119% for category II. The R/C ratio value in one production cycle is 2.15 for category I and 2.19 for category II which means the business is feasible to establish.

The Relations Among Environmental Performance, Profitability, Firm Size, Firm Value, And Environmental Disclosure: A Case Study of Basic Material Industry

Environmental Disclosure is a information related to the environment, and is presented in financial statements. Financial Accounting Standards do not yet mandate corporate responsibility for environmental disclosures. This study aims to examine the factors that determine environmental disclosure in Indonesia. This research uses quantitative research methods, using secondary data of annual reports and sustainability reports from companies listed on the Indonesia Stock Exchange, especially companies engaged in the Basic Material sector. The data collection of this study used purposive sampling method with several criteria. The test tool used in multiple regression analysis is the Eviews program version 10. Environmental Disclosure uses GRI (Global Reporting Initiatives) standard indicators. Environmental Performance uses the performance ratings in PROPER. While profitability uses ROE (Return on Equity) indicators. Firm Size uses the Asset Growth indicator, and Firm Value uses the Tobin'sq indicator. The results of this study partially show that the firm size variable has an influence on the environmental disclosure variable. Environmental disclosure is not influenced by measures of environmental performance, profitability, or business value. But simultaneously all independent variables, namely environmental performance, profitability, firm size, and firm value affect environmental disclosure.

Stochastic models of the dynamics of the maximum and optimal profit of a manufacturing enterprise introducing technological innovations

The published article presents new stochastic models that describe the dynamics of profit formation in manufacturing enterprises using innovative technologies. The dependence of the enterprise's profit not only on the level of production (transformation) costs, but also on the level of non-production (transactional) costs resulting from the search and processing of economic information, financing of negotiation procedures, conclusion of contracts with partners, protection of property rights and payment for opportunistic behavior has been studied. employees and management of the company. It has been established that in order to find the optimal values of profit, it is necessary to maximize not only the profit function, but also the target transactional utility function that redistributes the profit of the enterprise, both in the interests of management and for the implementation of socially oriented programs. It is shown that the presence of transaction costs makes it unattainable for an enterprise to obtain the maximum possible value of profit, instead of which it is necessary to limit itself to its lower optimal value. For indicators of innovative transformations in the production of an enterprise that affect the increase in output and reduce costs, stochastic differential equations are established, random solutions of which describe the stochastic diffusion process of introducing technological innovations. Algorithms for the numerical solution of the stochastic differential equations of the model are constructed using the EulerMaruyama method, according to which each of their implementations is a stochastic trajectory of random functions of indicators of the dynamics of the development of manufacturing enterprises. For the mathematical expectations of the considered random functions, the corresponding differential equations are obtained. Numerical analysis of the developed model showed that taking into account the external random perturbing factor in the stochastic model leads to significant deviations from the deterministic model of the profit formation dynamics of manufacturing enterprises.

Pengaruh likuiditas, leverage, ukuran perusahaan, dan profitabilitas melalui kebijakan dividen terhadap nilai perusahaan pada perusahaan sektor infrastruktur, utilitas, dan transportasi

This research aims to examine the influence of liquidity, leverage, firm size, profitability, and dividend policy on firm value, as well as to determine the impact of profitability on firm value through the mediation of dividend policy in infrastructure, utilities, and transportation companies listed on the Indonesia Stock Exchange (IDX) from 2017 to 2021. The data used in this study are quantitative data obtained from secondary sources. The population of this research consists of infrastructure, utilities, and transportation companies listed on the Indonesia Stock Exchange from 2017 to 2021. The sampling technique used is purposive sampling, resulting in a sample size of 14 companies. The data were analyzed using the multiple linear regression and sobel test for the mediation effect. The research findings indicate that leverage, as proxied by the debt-to-equity ratio, has a significant and positive effect on firm value. However, liquidity (current ratio), firm size, profitability (return on assets), and dividend policy (dividend payout ratio) do not have a significant influence on firm value. Additionally, dividend policy does not mediate the relationship between profitability and firm value. Therefore, infrastructure, utilities, and transportation companies during the period of 2017 to 2021 should focus on managing leverage and debt to improve company performance and profitability. By effectively managing their debt, these companies can instill investor confidence and enhance their overall performance, ultimately leading to increased firm value.

The Influence of Financial Performance on Company Value in Manufacturing Companies in the Food and Beverage Sector in the 2019-2021 Period

This study aims to determine the effect of performance on the company's financial value. This study uses a quantitative approach with secondary data sources obtained from the official IDX website. The samples used in this study were 23 companies in the Food and Beverage Subsector for the 2019-2021 period which were obtained using the Purposive Sampling method. The variables used in this study are Profitability (ROA), Liquidity (CR) and company value (TobinQ). The data analysis technique in this study uses multiple linear techniques. The results of the study concluded that partially Profitability has no significant effect on firm value. This shows that the amount of profits earned by the company does not affect the value of the company. Partially, liquidity has no significant effect on firm value, this indicates that companies with high or low liquidity do not affect firm value. Because the company uses most of its money to pay its obligations.

The Effect of Liquidity, Asset Structure, Capital Structure on Firm Value with Profitability and GCG as Intervening Variables on Non-Cyclical Consumer Listed on the Indonesia Stock Exchange

This study aims to determine the effect of liquidity, asset structure, and capital structure on firm value with profitability and good corporate governance (GCG) as intervening variables in non-cyclical consumer companies listed on the Indonesia Stock Exchange (IDX). The data collection technique used in this study is annual report documentation for 6 years starting from 2015- 2021 from Personal Care Product companies listed on the IDX, with a total sample of 5 companies selected through purposive sampling. The collected data were analyzed using Partial Least Squares (PLS) analysis, and the findings were interpreted using a path analysis approach. In conclusion, liquidity and asset structure have a negative relationship with profitability and firm value but have a positive relationship with GCG. On the other hand, capital structure has a negative relationship with profitability and GCG but has a positive relationship with firm value. Profitability has a positive relationship with firm value, while GCG has a negative relationship. Profitability and GCG have a negative relationship as intervening variables in the effect of liquidity and asset structure on firm value but have a positive relationship as intervening variables in the effect of capital structure on firm value.

Analisis Perbandingan Kinerja Keuangan Sebelum dan Sesudah Adopsi Tata Kelola Teknologi Informasi (Pada Perusahaan Manufaktur dan Pertambangan yang Terdaftar di BEI)

The objective of this study is to test and to prove whether companies that have adopted information technology (IT) governance mechanisms have improved their financial performance, by measuring profitability, productivity and market value pre and post adoption. Manufacturing and mining companies listed on the Indonesia Stock Exchange are the population of the research by using event study methodology. Researcher employs secondary data in the form of corporate annual reports that gotten by firm's official website. The SPSS 26 application used to process the data by testing hypotheses through descriptive statistics, normality tests and paired sample t-test. According to the study's findings, there were no appreciable changes between the financial performance of mining and manufacturing companies before and after adopting IT governance. Two of the eight indicators—asset turnover and share repurchase—have a considerable divergence from one another.

Chemical recycling of polyethylene terephthalate, an industrial and sustainable opportunity for Northwest of England

Polyethylene terephthalate (PET) is a thermoplastic polymer which is the most used polyester in the plastics industry in the present day. It is predominately used to construct clothes fibres and food containers due to its properties. The problems surrounding this phenomenon are the basis for the decision to produce this plant facility. An alternative method of recycling PET is to perform a chemical reaction. Eight initial reaction routes were identified and narrowed down to three final processes according to their economic viability and sustainability: methanolysis, glycolysis and hydrolysis. These three processes were evaluated using the Triple Bottom Line (TBL) method by considering the effect each reaction has on the local community, environment, and economic potential. It was identified that glycolysis was the most suitable process due to its significant initial economic potential of 21.15 M$/year calculated from the product and raw material costs. The reaction routes available for this process were researched and a final route was decided based on the operation costs and sustainability opportunities that the individual units offer. At the end of the economic evaluation for the process, it is determined that a profit value of 13.24 M$/year can be obtained with a post-tax profit of 6.35 M$/year. The equipment cost is evaluated as $6.63 M with employability of 28 people. The start-up cost for the process will be $2.4 M with a return on investment of 36% and a payback time of 3.5 years.

Earnings and market ratio: Additional evidence from Jordanian banks

The primary objective of this study is to investigate the correlation between profitability and the banks market value, while controlling for bank size as indicated by total assets. Two main models are analyzed, namely the benchmark model and the main model, to estimate the impact of high and low profitability on market value. The sample for this study consists of Jordanian banks covering the period from 2010 to 2020. The study results reveal that banks with high profitability exhibit a higher market value compared to those with low profitability, underscoring the crucial role of profitability as a determinant of bank value. Furthermore, the study establishes a link between low and high ROE and market value, indicating that variations in ROE significantly affect market value. Moreover, the study demonstrates a positive link between earnings and market value, emphasizing the significance of bank earnings in influencing market value. Lastly, the study emphasizes the role of bank size in shaping the link between ROE and market value, highlighting the importance of considering bank size when examining the link between profitability and market value. AcknowledgmentI thank Amman Arab University for funding this research.

The Effect of Profitability, Dividend Policy, and Company Value on Stock Prices

Research aims to find “empirical evidence about the effect of profitability, dividend policy, and company value on stock price of companies registered in the PEFINDO25 index of the Indonesia Stock Exchange. The population are 66 companies in the PEFINDO25 index of the Indonesia Stock Exchange during 2017 to 2020. The sample in this study are selected using purposive sampling there were 13 companies that met the criteria with 52 observational data. This research used secondary data extracted from official documentation from the Indonesia Stock Exchange website. Data analysis was carried out with panel regression model using software E-Views 9. The finding of this study indicate that profitability, dividend policy, and company affect positive and significant on stock price.

The Effect of Profitability, Dividend Policy, and Company Value on Stock Prices

Research aims to find “empirical evidence about the effect of profitability, dividend policy, and company value on stock price of companies registered in the PEFINDO25 index of the Indonesia Stock Exchange. The population are 66 companies in the PEFINDO25 index of the Indonesia Stock Exchange during 2017 to 2020. The sample in this study are selected using purposive sampling there were 13 companies that met the criteria with 52 observational data. This research used secondary data extracted from official documentation from the Indonesia Stock Exchange website. Data analysis was carried out with panel regression model using software E-Views 9. The finding of this study indicate that profitability, dividend policy, and company affect positive and significant on stock price.

The Effect of Profitability, Dividend Policy, and Company Value on Stock Prices

The Effect of Profitability, Dividend Policy, and Company Value on Stock Prices

Profitability and Leverage Effect on Firm Value with Corporate Social Responsibility as Moderating Variable in Manufacturing Company

This research aims to determine the effect of profitability and leverage on firm value using corporate social responsibility as moderating variable in manufacturing companies listed on the Indonesia Stock Exchange during the 2018-2020 period. A total of 168 samples selected from 56 companies during the research period using purposive sampling method. Research data obtained from secondary data, namely company’s annual report which are routinely published by companies listed on the Indonesia Stock Exchange every year. Also, Statistical Product and Service Solutions (SPSS) version 25 was used to process the data. The results showed that profitability and leverage had a significant positive effect on firm value. Corporate social responsibility as moderating variable has a significant effect on the relationship between profitability and firm value, but has no effect on the relationship between leverage and firm value.

Profitability and Leverage Effect on Firm Value with Corporate Social Responsibility as Moderating Variable in Manufacturing Company

This research aims to determine the effect of profitability and leverage on firm value using corporate social responsibility as moderating variable in manufacturing companies listed on the Indonesia Stock Exchange during the 2018-2020 period. A total of 168 samples selected from 56 companies during the research period using purposive sampling method. Research data obtained from secondary data, namely company’s annual report which are routinely published by companies listed on the Indonesia Stock Exchange every year. Also, Statistical Product and Service Solutions (SPSS) version 25 was used to process the data. The results showed that profitability and leverage had a significant positive effect on firm value. Corporate social responsibility as moderating variable has a significant effect on the relationship between profitability and firm value, but has no effect on the relationship between leverage and firm value.

Capital Structures Mediating Role in Profitability, Liquidity, and Firm Value

Capital Structures Mediating Role in Profitability, Liquidity, and Firm Value

Assessing determinant of firm value: Indonesia conventional bank analysis

The objective of this paper is to examine the factors of intellectual capital, financial leverage, institutional ownership, and working capital management (WCM) on firm value and the role of profitability as a mediator in influencing firm value. The research analysis unit focuses on the conventional banking sector on the Indonesia Stock Exchange. The panel data was taken from 28 commercial banks for five years (2016–2020), with 140 observations and data is analyzed using path analysis. Based upon the result of hypothesis testing, the study concludes that the positive correlation between profitability and firm value. Furthermore, intellectual capital, financial leverage, institutional ownership, and WCM also positively affect firm value and profitability. Based on data analysis using path analysis by comparing the path coefficient substructure, the results show that profitability acts as a mediator the effect of intellectual capital, financial leverage, institutional ownership, and WCM on firm value.

Determinan Pengungkapan Emisi Karbon dan Pengaruhnya Terhadap Kinerja Keuangan

This study examines to provide empirical evidence to the determinants of carbon emission disclosure, namely carbon performance, green innovation (green products and processes), environmental costs, and the proportion of female directors, and the effect of carbon emission disclosure on financial performance. The novelty of this research is to propose novelty in calculating carbon performance, by the comparison of carbon producing assets and total carbon emissions and using green product innovation as an independent variable. The population of this study are companies listed on the IDX from 2019-2021, published annual report and sustainability report, disclose emission total and environmental cost. Data is processed using panel data regression analysis, random effect model. Based on the results of the study it was concluded that carbon performance and the proportion of female directors proved to have a positive and significant effect on carbon emission disclosure. While the green product innovation, green process innovation, and environmental costs are not proven to have a significant effect on carbon emission disclosure. In this study, carbon emission disclosure is not proven to have a significant effect on profitability and firm value. This study also found that there are no regulities about total emission measurement and environmental cost.