Variable ROA Research Articles

Determinant Factors of Profitability of the Indonesian Non-Financial SMEs PEFINDO Index

This research aims to determine the influence of determinant factors of non-financial SMEs' PEFINDO index profitability in Indonesia from 2018 to 2022, with independent variables including company size, company age, company efficiency, working capital, liquidity, leverage, volatility, and market risk on the dependent variables of ROE and ROA. The study utilizes secondary data in the form of financial reports from non-financial companies that have been included in the PEFINDO25 index of the Indonesia Stock Exchange during the 2018-2022 period. This research sample used purposive sampling and obtained 65 companies as samples. Data analysis for hypothesis testing involves multiple regression using E-views 9 software. The test results indicate that company size, company efficiency, and working capital have a positive impact on ROE, while company age, leverage, and market risk have a negative impact on ROE. Company size, company age, and volatility have a negative impact on ROA, while company efficiency and working capital have a positive impact on ROA. However, liquidity does not significantly affect either ROE or ROA. These factors need to be considered by companies to make informed decisions in maintaining or improving company profitability, avoiding financial distress leading to bankruptcy, and determining suitable investments for investors.

The Influence of Return on Asset, Debt to Total Asset Ratio, and Economic Value Added, on Company Value with Dividends as a Moderating Variable in Industrial Sector Companies

The purpose of this study is to determine the Effect of Return On Assets, Debt To Total Assets Ratio, and Economic Value Added on Company Value with Dividend Policy as a Moderating Variable in Industrial Sector Companies. The sampling technique in this study is purposive sampling. So that the number of samples obtained is 54 companies. The tests used are Normality Test, Multicollinearity Test, Heteroscedasticity Test, Autocorrelation Test, Interaction Test / MRA. The correlation coefficient value is 0.177, meaning that between ROA, DAR, EVA and Dividend Policy on company value, the relationship is low. The determination coefficient value (R²) or R square obtained is 0.031, indicating that 3.1% of the influence on company value is explained by the variables ROA, DAR, EVA and Dividend Policy. While the remaining 96.6% is influenced by other variables not examined in this study.

Market Share Perbankan Syariah Di Indonesia: Makro Ekonomi Dan Financial Performance

This study aimed to know the influence of macroeconomic factors (inflation, Bi Rate) and Financial Performance (ROA, CAR, FDR) onthe market share of Islamic banking in Indonesia. This study is quantitative with an explanatory approach. The population in this study consisted of 14 Islamic Commercial Banks. The sample consisted of 6Islamic Commercial Banks registered with the Financial Services Authority (OJK) and Bank Indonesia. The sample was taken using a purposive sampling technique. The data analysis used panel data regression with Eviews 9. The results show that partially inflation, Bi Rate, FDR variables had a significant negative effect on the market share. ROA and CAR variables have no significant effect on the market share. In addition, simultaneously the variables of Inflation, Bi Rate, ROA, CAR, FDR have a significant effect on market share.

Faktor-faktor Internal Penentu Profitabilitas Perbankan pada Bank Muamalat Indonesia

This study aims to find evidence of the effect of CAR, NPF, NOM and FDR on profitability. This type of research is quantitative research. The population in this study is the financial statements of Bank Muamalat Indonesia from 2015-2022. The sampling technique used uses saturated samples, where all members of the population are used as research samples. This study uses the strategy variables CAR (X1), NPF (X2), NOM (X3), FDR (X4), and ROA (Y). This study uses ECM analysis with the help of Eviews 12. The results show that X1 in the short term and long term has a positive and significant effect on Y, X2 in the short term has a negative and significant effect on Y while in the long term it has a negative and insignificant effect on Y, X3 has a positive and significant effect on Y, X4 has a positive and significant effect on Y.

The Contribution of Islamic Banking to Economic Growth the Organization of Islamic Cooperation (OIC) Countries with the CAMELS Approach

The purpose of this study is to examine the contribution of Islamic banking to economic growth by analyzing the influence of Islamic banking performance on economic growth using the CAMELS method. A quantitative approach is employed in this research with secondary data in the form of panel data. Data sources are obtained from the publications of the Islamic Financial Services Board (IFSB) and the World Bank, using a sample comprising 6 countries that are members of the Organization of Islamic Cooperation (OIC) with a time range from 2013 to 2022. The results of the testing demonstrate that the variables CAR, ROA, NPF, and MAN do not significantly affect economic growth, while LIQ and SEN have a positive effect. However, simultaneously, CAR, MAN, NPF, ROA, LIQ, and SEN collectively influence economic growth.

The Impact of Selected Financial Ratios on The Market Performance of Listed Companies on The Acceleration Board Indonesia Stock Exchange (Period 2020-2023)

This research aims to analyze the impacts of selected financial ratios on the market performance of listed companies in the Acceleration Board IDX (Period 2020-2023) and find if IDX need to add the financial requirements in IDX Listing Regulations no. I-V to increase the company’s market performance in Acceleration Board IDX. The data of selected financial ratios and market performance were collected from the publication of listed companies’ financial reports and market trading data in 2020-2023 that can be accessed publicly on IDX’s official website. The population in this research is the whole Acceleration Board listed companies that were listed in IDX from 1st January 2020 – 31st December 2023. The samples used are limited to companies listed in Acceleration Board IDX period 2020-2023. Multiple regression analysis is used in this research to examine the relationship between the dependent variable and two or more independent variables. From five independent variables, partially, only the Net Profit Margin has a significant impact on the company’s market performance (stock price). From the results of the ANOVA test, there is a simultaneous significant effect of the independent variables ROA, ROE, DER, NPM, and Cash Flow from Operation on the dependent variable Market Performance (stock price).

Comparative Analysis of Pra-Post Merger and Acquisition Financial Performance Reviewed From EVA, MVA and Financial Ratio Methods (Empirical Study of Non-Financial Sector Companies Listed on the IDX for the Period 2015-2020)

This study aims to compare the pre-post M&A financial performance of non-financial companies listed on the Indonesia Stock Exchange (IDX) in the 2-year period before mergers and acquisitions (M&A), in the year of M&A, and 2 years after M&A. Performance was measured using Economic Value Added (EVA), Market Value Added (MVA), and financial ratios. The research sample consisted of 22 companies selected by purposive sampling, and secondary data were analyzed from financial statements. Partial analysis was conducted with the Wilcoxon Sign Test because the data was not normally distributed, while simultaneous analysis used the MANOVA test with the STATA version 17 application. The results of simultaneous testing showed no significant difference in financial performance between before and after M&A. However, partial test results found significant differences in MVA variables in the period 2 years before, 1 and 2 years after M&A, as well as in the year of M&A. In addition, the ROA variable also shows significant differences in the 2-year period before, 1 and 2 years after M&A. However, the effect of M&A on MVA and ROA variables tends to be negative.

KINERJA ROA, DAR, EPS TERHADAP MARKET CAPITALIZATION PT JAPFA COMFEED INDONESIA Tbk PERIODE 2014-2021

High market capitalization is the hope of investors, because it is necessary to do research on what factors can influence it. This research is focused on knowing whether the variables (factors) ROA, DAR and EPS affect Market Capitalization (Market Capitalization). This research is quantitative in nature, and the samples taken were based on purposed sampling on the performance of PT Japfa Comfeed Indonesia Tbk for the 2014-2021 period. After all research data has gone through the classical assumption test, it is continued by testing the hypothesis using multiple regression analysis, and the results individually (partial/t test) of the three variables (ROA, DAR and EPS) do not have a significant effect on market capitalization. Likewise the results of testing with the F test (the joint effect of the ROA, DAR and EPS variables), it turns out that the results are also not significant on Market Capitalization. This illustrates that it is necessary to test by involving other variables to find confidence in the factors that significantly influence Market Capitalization Keywords : ROA; DAR; EPS; Market Capitalization

PENGARUH RETURN ON ASSET DAN DEBT TO EQUITY RATIO TERHADAP HARGA SAHAM KONTRUKSI PERUSAHAAN BUMN KHUSUS PADA PT ADHI KARYA (PERSERO) TBK

This study intends to ascertain the impact of debt to equity ratio and return on assets on the share prices of state-owned construction companies, with a focus on PT Adhi Karya (Persero) Tbk, over the years 2014–2022. The Indonesia Stock Exchange website (www.web.idx.com) and the PT Adhi Karya (Persero) Tbk website provide the data for the quantitative method, which is processed using SPSS soft ware. Based on the research findings, it can be inferred that the variable Return On Assets (X1) partially influences stock prices (Y) with a tcount of 3.270 > ttable 2.447 and a significant value of 0.017 < 0.05. It can be inferred that the Debt to Equity Ratio (X2) variable partially has no significant effect on Share Prices (Y) based on the DER variable's tcount of 1.206 < ttable 2.447 with a significant value of 0.273 > 0.05. Furthermore, the F test findings showed that the ROA and DER variables jointly had a considerable impact on stock prices, with an Fcount value of 5.458 > Ftable 5.14 and a significant value of 0.045 < 0.05. Consequently, the construction share price of the BUMN company, namely PT Adhi Karya (Persero) Tbk, is significantly impacted by both the Return on Asset (X1) and Debt to Equity Ratio (X2) variables at the same time.

Pengaruh Debt To Equity Rasio, Return On Asset Dan Total Asset Terhadap Price Earning Rasio Pada Perusahaan Sektor Makanan Dan Minuman Yang Terdaftar Di Bei Periode 2018-2022

The aim of this research is to analyze empirical evidence using quantitative associative methods regarding the relationship between the influence of DER (X1), ROA (X2) and TA (X3) on PER (Y) in food and beverage sector companies listed on the Indonesia Stock Exchange for the period 2018- 2022.To find out the basis for decision making t isThe significance value is <0.05, there is an influence of variable X on variable YSignificance value > 0.05, there is no influence of variable X on variable YTo find out the basis for decision making in the F test as followsThe significance value is less or smaller than 0.05. Variable X influences variable Y simultaneouslyThe significance value is greater than 0.05, so variable X does not simultaneously influence variable Y.Based on the research results, it can be seen that the variables DER, ROA and TA have a simultaneous effect on PER. This proves that all independent variables in this study are able to explain their influence on financial performance.If a business has a lot of assets but cannot manage them well to generate proportional net profits, it can lead to a higher PER. Keywords: Debt to Equity Ratio, Return on Assets and Total Assets, Price Earning Ratio, Food and Beverage Sector Companies

Pengaruh Rasio Keuangan Terhadap Harga Saham Pada Perusahaan Sektor Pertambangan Tahun 2017-2021

This research aims to obtain empirical evidence regarding the influence of financial ratios on stock prices. The population in this research is mining sector companies listed on the Indonesia Stock Exchange (BEI) in 2017-2021. The sampling technique used was purposive sampling so that a total of 70 observations were obtained. The hypothesis test used is multiple linear regression analysis with a significant t test to see the significant level of influence of each variable and the direction of that influence. The research results can explain that the ROE variable has a significantly positive effect on share prices. As well as the DER variable, it has a significant negative effect on stock prices. The ROA variable has a negative influence on share prices and an insignificant effect on share prices. Meanwhile, NPM and QR have a positive influence on share prices and do not have a significant influence on share prices.

재벌기업의 ESG활동과 기업가치

[Purpose]The purpose of this study is to investigate the association between ESG activities and firm value of business groups, particularly focusing on the fact that ESG activities are primarily undertaken by large companies, especially chaebols. [Methodology]A regression analysis was conducted using the ESG evaluation score and Tobins’Q as proxy for ESG activities and firm value. Firm size, ROA, and other variables were included as control variables. Total number of research samples is 5,228, of which 1,219 are chaebols. [Findings]First, we confirm that chaebols outperform non－chaebols in ESG activities. This result is attributed to the significant costs and expertise required to establish ESG systems. Second, while the ESG activities of non－chaebols are positively associated with firm value, we cannot find the effect of ESG activities on firm value in chaebols. This result indicates market skepticism towards the authenticity of chaebols’ ESG efforts, thereby suggesting that ESG activities are not incorporated in firm value. [Implications]This study raises the needs for substantive and authentic ESG activities within corporations and regulatory authorities, by showing the possibility that ESG activities may not benefit companies. It also provides a basis for their ESG establishment.

PENGARUH PEMBIAYAAN MURABAHAH, MUDHARABAH, MUSYARAKAH TERHADAP ROA DI BANK UMUM SYARIAH

This research has the objective of discussing to find out the impact of murabahah receivables, mudharabah financing, and musyarakah financing on ROA as an asset in return for Islamic Commercial Banks in 2012-2022. This study used a descriptive method with a quantitative approach using the SPPS 26 tool. The research technique used a purposive side. Data taken annually from the Financial Services Authority (OJK) website. Data analysis used multiple linear regression analysis, t test (partial), and F test (simultaneous). The population of this study is all income and ups and downs of financing in the financial statements of Islamic Commercial Banks. While the sample used is in the form of annual financial reports which contain income from murabahah receivables, Mudharabah financing and musyarakah financing at Islamic Commercial Banks in 2014-2022. The results of the (partial) test are that the three variables murabhah, mudharah, and musyarakah have no effect on the ROA variable. Whereas in the F test (simultaneous) of the three variables murabhah, mudharabah, and musyarakah there is no significant effect on the ROA of Islamic Commercial Banks 2014-2022.

Corporate Governance Mechanisms on Earnings management in the Indonesian Banking Sector

Research Aims: This research aims to examine the influence of corporate governance on earnings management. The corporate governance variable is proxied by independent commissioners, audit committees, and audit quality. The data in this research is secondary data originating from the financial reports of banking companies listed on the Indonesia Stock Exchange in 2019-2022. 
 Design/methodology/approach: The analytical techniques used to test the hypothesis in this research are descriptive statistics, classical assumption tests, and multiple linear regression analysis. The type of data used in this research is quantitative data. The sample for this research was obtained using a purposive sampling method, and a sample of 116 banking companies was obtained.
 Research Findings: Test results using multiple linear regression show that the independent commissioner variable does not affect earnings management. the audit committee variable has negative impact on earnings management while audit quality variable have a significant positive effect. Test results also show that the control variable ROA has a significant negative influence on earnings management (EM). However, the leverage control variable does not influence management (EM).
 Theoretical Contribution/Originality: This research contributes by providing nuanced insights into the specific impact of corporate governance components on earnings management within Indonesian banking companies. The findings offer a deeper understanding of the intricate relationships between governance mechanisms and financial practices.
 Research limitation and implication: Limitations include the focus on banking companies and the specific time frame. Future research may explore diverse sectors and extend the study period. The results imply the need for policymakers and practitioners to recognize the varying impacts of different corporate governance components on earnings management for effective financial oversight.

Literature Review: Perkembangan dan Kinerja Bank Umum Syariah di Indonesia Tahun 2014-2023

Purpose: This study investigates the development and performance of Islamic commercial banks in Indonesia from 2013 to the present, focusing on the factors that influence growth and the challenges faced by the Islamic banking sector in supporting economic stability and inclusiveness. Methodology/approach: This research uses a literature review method of 30 previous research articles from the Google Scholar and Research Gate sites, which measure the financial performance of Islamic Banks in Indonesia in terms of profitability during the publication period–2013-2023. Results/findings: This research study reveals that several studies on Islamic Banks in Indonesia use various indicators to measure financial performance and bank health, > 60% of researchers use the variable measurement ratios ROA, ROE, BOPO, CAR, FDR and NPF while the rest some use the LDR, RGEC, NIM, CGC, ETA, EFF, NPL and DPK ratios Limitations: The use of research methods in the form of literature that focuses on the analysis of several previous studies conducted by Google Scholar and ResearchGate can reduce the validity and generality of the research results. The literature review does not involve collecting primary data through observation or experimentation; therefore, the information obtained is descriptive and does not allow the identification of causal relationships. Contribution: Through a careful literature review of previous articles, this study succeeded in identifying the main trends, innovations, and challenges faced by the Islamic banking sector in Indonesia.

Analisis Perbandingan Kinerja Keuangan pada PT Bank Central Asia Tbk Sebelum dan Sesudah Akuisisi PT Bank Interim Indonesia (PT Bank Rabobank International Indonesia)

This research was conducted to investigate whether there are differences in financial performance before and after the acquisition of PT Bank Central Asia Tbk by PT Bank Interim Indonesia (PT Bank Rabobank International Indonesia). The financial ratios used are CAR, ROA, ROE, NIM, BOPO, and LDR. This is a quantitative research with a comparative research design. The data used are secondary data from the quarterly financial reports of PT Bank Central Asia Tbk for a period of 5 years (2018-2022). The data analysis method used is the paired sample t-test and wilcoxon test with the help of SPSS software. The results of the paired sample t-test show that the CAR and LDR variables show significant differences, while the ROA and ROE variables do not show significant differences between the period before and after the acquisition. The wilcoxon test for NIM and BOPO variables shows that the NIM variable shows significant differences, while the BOPO variable does not show significant differences between the period before and after the acquisition.

The Effect of Alma Relationship Implementation On Sharia Bangking In Indonesia

This study aims to determine the effect of Asset Liability Management on the financial performance of Sharia Commercial Banks in 2017-2022. Asset Liability Management is the activity of optimizing the balance sheet structure of Islamic banks with various alternatives available to maximize profits while limiting risk to a minimum. The research method used in this study is quantitative, with multiple linear regression analysis using analytical methods with the help of the SPSS program, tests carried out such as regression tests and classical assumption tests with exogenous variables, namely Asset Liability Management and endogenous variables are financial performance. This research takes data from the annual financial statements of Islamic Commercial Banks, data obtained from the website of the Financial Services Authority in the financial statements for the year at Islamic commercial banks for the 2017-2022 period. In determining the sample used is purposive sampling, namely the determination of samples based on criteria, namely banking companies registered with Sharia Commercial Banks during 2017-2018. This study found that ALMA on the CAR and FDR variables had no effect on Financial Performance on the ROA variable. Meanwhile, NIM affects Financial Performance on the ROA variable. Application of ALMA to financial performance. The results of data processing show that CAR has no effect on ROA with a significant value of 0.165 and NIM has an effect on ROA with a significant value of 0.022 while FDR has no effect on ROA with a significant value of 0.135.

The Effect of Financial Performance On The Price Earning Ratio (PER) And Its Implications For Stock Prices (Study On Companies Listed On The Idx In 2018–2021)

This research was conducted on 486 issuers that have gone public on the Indonesian Stock Exchange (BEI). This research aims to determine the influence of financial performance on the Price Earnings Ratio (PER) and its implications for stock prices in the period 2018–2021. The analysis technique uses panel data regression, and data processing uses the EViews application. The results of the research illustrate that the NPM variable has a significant positive effect on PER; if NPM increases by 1%, it will be able to increase PER by 0.055 times, while the ROA and DAR variables have an insignificant negative effect on PER; if ROA increases by 1%, it will be able to reduce PER by 0.020 times, and the same applies to DAR; if DAR increases by 1%, it can reduce PER by 0.0090 times. Independent variables (ROA, NPM, and DAR) simultaneously influence PER. Based on the adjusted R-squared, the three independent variables affect a PER of 81.70%. The PER variable has a significant positive effect on share prices. If PER increases by 1 time, it will increase the share price by IDR. 0.000722. Based on adjusted R-squared, PER has an effect of 99.9% on share prices.

PENGARUH CURRENT RATION DAN DER TERHADAP ROA PADA INDUSTRI BARANG KONSUMSI TAHUN 2019 – 2022

In this era of digitalization, capital market development is increasing in Indonesia, especially the one that supports the Indonesian economy the most is the consumer goods industry. The manufacturing sector also made the largest contribution to the national Gross Domestic Product (GDP) in the second quarter of 2021, namely 17.34%. The type of research used in this research is quantitative research with a descriptive approach. In this research the independent variables used are Current Ratio (X1) and Debt to Assets Ratio (X2). Meanwhile, the dependent variable used is Return on Assets (Y). The population in this research are Consumer Goods Industrial Sector Companies on the BEI. Meanwhile, the sample is Cosmetics and Household Goods Sub- Sector Companies for 2019-2022. CR and DER simultaneously have a significant effect on the dependent variable ROA. In this test, a ttable value of 1.70113 was obtained and the α (alpha) significance level used was 0.05. Based on the table above, it is known that CR has no influence on ROA. Meanwhile, DER has an influence on ROA. The magnitude of the influence of the

The Influence of Financial Ratios and Firm Size on Stock Return

Researchers analyze financial ratio data using a quantitative approach to determine the effect on the company's stock return. Researchers formulated four research hypotheses. The data will be modeled using the Panel Data Regression method with the help of E-Views 12 Student software. With purposive sampling techniques, researchers will use stock closing price data and financial statements from 9 Properties and Real Estate companies listed on the Indonesia Stock Exchange (period 2018 to 2022). With the chow test and lagrange multiplier test, researchers will model the data using a common effect model. The results showed that the ROA of der, CR, and FS, either simultaneously or partially, did not have a significant effect on stock returns. Based on signal theory, capital owners will receive bad signals from the company because the variables ROA, DER, CR, FS are considered unable to influence the company's stock return.