Profitability Variables Research Articles

Pengaruh Profitabilitas, Likuiditas, Solvabilitas terhadap Nilai Perusahaan Industri Jasa:

The Effect of Profitability, Liquidity, Solvability, on the Value of Service Industry Companies (Case Study of Building Construction Companies 2017-2021) listed on the Indonesia Stock Exchange. Aims to answer the problem of the influence of Profitability, Liquidity, Solvency on Firm Value in Building Construction Companies. In this study the method used is a quantitative approach. The population in this study were 18 building construction companies. Sampling was carried out using the non-probability method and the sampling technique was Purposive Sampling. Data analysis using the IBM SPSS application. The results of this study indicate that the variable Profitability (X1) has a significant effect on Firm Value (Y), as evidenced by the results of the t test, which is obtained from the t value 3.481 > t table 1.729 and a significance of 0.001 <0.05. Then the variable Liquidity (X2) has a significant effect on Firm Value (Y), as evidenced by the results of the t test, namely the t count value of 3.150 > t table 1.729 and a significance of 0.003 <0.05. And the Solvency variable (X3) has no effect on Firm Value (Y), as evidenced by the results of the t test, namely the t count value is 1.620 < t table 1.729 and the significance is 0.114 > 0.05. From the results of the F test it is proven that Profitability (X1), Liquidity (X2), and Solvability (X3) simultaneously influence Firm Value (Y).
 Keywords Profitability; Liquidity; Solvency; Firm Value

Pengaruh Ukuran, Profitabilitas, Leverage dan Kinerja Lingkungan terhadap Environmental Disclosure dan Kinerja Keuangan Perusahaan Pertambangan di Indonesia

The environmental issues caused by the mining industry are often attributed to the lack of environmental information disclosure by mining companies. This leads to a decrease in public and investor trust. Consequently, many mining industries suffer financially due to declining profits and investment levels. Therefore, there is a need for companies to enhance public trust through environmental information disclosure, as well as other factors such as company size, profitability, leverage, and environmental performance, which are considered potential reasons for mining companies to engage in environmental information disclosure. This research adopts a quantitative approach. The population of the study consists of mining companies listed on the Indonesia Stock Exchange (IDX) from 2017 to 2021. The sampling technique employed is purposive sampling, resulting in 49 companies that meet the criteria, with a total of 195 data points. The data in this study were analyzed using Partial Least Square (PLS). The findings of this research indicate that only the variable of Company Size has a significant positive influence on Environmental Disclosure, while the variables of Leverage and Profitability have a significant positive impact on Financial Performance. These results suggest that there are still many mining companies that prioritize business interests over environmental concerns.
 Keywords: Firm Size, Profitability, Leverage, Environmental Performance, Environmental Disclosure, Financial Performance

The Impact of Micro Factors on the Performance of the Iraq Stock Exchange Index for the Period 2005-2021

Purpose: The purpose of this study is to determine the impact of some micro factors (liquidity and profitability factors) of the Iraqi banking sector in determining the return of the stock market represented by the return of the Iraqi financial market index using time series analysis according to the ARDL methodology for the period 2005-2021. Design/methodology/approach: The study adopted an econometrics analysis of time series using the ARDL (auto-regressive distributed lag) methodology for the period 2005-2021 to investigate the impact of some micro factors (liquidity and profitability ratios) in Iraqi banking sector listed in Iraq stock exchange market on market return (Iraq Stock Exchange Index as a benchmark). Findings: The results of this study reveal significant effects of the financial factors for micro factor on the Iraqi Stock Exchange index. It is interesting that the variables of banking liquidity showed a stronger logical relationship with the dependent variable in line with financial theory than the variables of banking profitability. The relationship between the micro factors model and the financial market index required a long-term adjustment equivalent to (0.2124) of the time needed to adjust to the balanced state according to the error correction equation. Research, Practical & Social implications: These results confirm the importance of taking into account micro-financial factors when making financing and investment decisions, as well as when evaluating the economic situation in the Iraqi banking sector. Understanding the impact of these factors and their relationships contributes to decision-making and enhances general forecasting of future economic volatility and risk management. Originality/value: This study provides valuable insights into the dynamics of the Iraqi financial market and highlights the importance of incorporating micro-financial factors into financial analyzes and investment strategies. The study recommends that future research should explore the complex links between macroeconomic factors and the financial market to gain a comprehensive understanding of the economic environment.

Corporate Taxation in the European Union: The Role of Intangibles in the Formulary Apportionment

Abstract This paper seeks to contribute to the current debate on EU-wide corporate taxation, steered by the impending Proposal by the European Commission on a new framework for the taxation of income of businesses in Europe. The objective of this paper is to verify whether the inclusion of intangible assets enhances the ability of the current proposals for Formulary Apportionment to explain variability in profitability. The research question addressed is “What is the explanatory power of the Formulary Apportionment, for factors such as tangible assets, intangible assets, labour and sales by destination, to describe the variability in the profitability of companies active within the EU internal market?”. The paper employs regression analysis of cross-sectional microeconomic data to analyse the explanatory power of the Formulary Apportionment. The research reveals that the inclusion of intangible assets fails to enhance the explanatory power and that factoring in intangible assets does not appear to have a statistically significant effect in the model. The best-performing model, without the inclusion of intangible assets, explained 22.6 % of the variability in the profitability of companies active within the EU internal market.

Profit variability of vegetable farming in the upper Citarum watershed, West Java, Indonesia

Vegetable farming contributes major income to farm households in the upper Citarum watershed. The participation rate of farmers in vegetable farming reached 55%, indicating that this region’s farming is very intensive. However, the land holding of the vegetable farm is very diverse among farmers. The vegetable is also planted on a steep slope and is vulnerable to soil erosion. This condition implies low technological efficiency and high risk on production and profit. In addition, vegetable farming is indicated as the cause of soil erosion and sediment increase in the Citarum River. The study aims to analyze the vegetable farming pattern and profit variability in the upper Citarum watershed. The survey was conducted in the Citarum watershed Bandung and West Bandung District. The samples were farmers in the two districts who performed on-farm agriculture activities and randomly selected 499 farm households. The data were analyzed using descriptive statistics from 613 vegetable plots with 276 farm households out of 499 sample farm households. The Cumulative Distribution Function (CDF) was employed to analyze vegetable farming profit distribution. The results show that vegetable farming has a high risk. Farmers can lose significant money but also offer a high expected profit. Vegetable farming in Bandung District has a higher expected profit than in West Bandung. According to dominant commodities planted, the profit variability of tomato and chili is higher than cabbage and potato. Chili has the highest risks; over 30% of farmers had negative profits. To stabilize farmers’ incomes, improving farming technology and planting patterns suitable for vegetable farming on the upper and steep slopes and increasing access to market outlets and agricultural infrastructure in the upper Citarum watershed is necessary.

ANALISIS PENGARUH PROFITABILITAS, UMUR PERUSAHAAN, UKURAN PERUSAHAAN, STRUKTUR KEPEMILIKAN DAN KUALITAS AUDITOR TERHADAP KETEPATAN WAKTU PELAPORAN KEUANGAN PADA PERUSAHAAN PROPERTY DAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2018-2020

This study attempts to ascertain the impact of profitability, firm age, size, ownership structure, and auditor caliber on the timeliness of financial reporting in real estate and property companies listed on the IDX from 2018 to 2020.The population in this study were 62 Property and Real Estate companies listed on the IDX from 2018 to 2020. The research sample used purposive sampling method. Based on the purposive sampling method, the sample used was 40 companies for 3 years. So that the number of samples used was 120 samples. Data analysis using logistic regression using SPSS version 23. Based on the test results using logistic regression, it can be seen that the variables of profitability and auditor quality have no effect on the timeliness of financial reporting. Meanwhile, the variables of company age, company size and ownership structure affect the timeliness of financial reporting.

PENGARUH PAJAK, PROFITABILITAS, DEBT COVENANT, DAN GOOD CORPORATE GOVERNANCE TERHADAP TRANSFER PRICING PADA PERUSAHAAN MANUFAKTUR SEKTOR ANEKA INDUSTRI YANG TERDAFTAR DI BEI TAHUN 2018-2021

This study aims to determine the effect of tax, profitability, debt covenants, and good corporate governance on transfer pricing in manufacturing companies in various industrial sectors listed on the IDX in 2018-2021. This research is a descriptive research with a quantitative approach. The type of data collected is secondary data. The total population used is all manufacturing companies in the various industrial sectors listed on the IDX for 2018-2021, totaling 55 companies with a total sample of 11 companies obtained using the purposive sampling method. The method used in this study consisted of descriptive statistical tests, classical assumption tests, multiple regression analysis, and hypothesis testing with the help of the SPSS version 23 program. The results of this study indicate that testing with the partial test (t test) shows that the variables tax, profitability, and debt covenants have no significant effect on transfer pricing. Meanwhile, the good corporate governance variable has a negative and significant effect on transfer pricing. The ANOVA test (F test) shows that the variables of tax, profitability, debt covenants, and good corporate governance have a significant influence on transfer pricing together. The independent variable explaining the effect of transfer pricing is 10.4% while the remaining 89.6% is influenced by other variables not examined in this study. Such as tunneling incentive variables, bonus mechanisms, foreign ownership, company size, leverage, and intangible assets.

Pengaruh Kinerja Keuangan, Leverage, Corporate Governance dan Ukuran Perusahaan terhadap Sustainability Report Perusahaan LQ 45

This study aims to determine and analyze the effect of profitability, leverage, institutional ownership, audit committees, independent commissioners and company size on the sustainability reports of LQ 45 companies listed on the IDX in 2015-2019. Based on purposive sampling, there were 17 companies according to the research criteria multiplied by the number of 5 years of observation, 85 data were processed and analyzed using multiple linear regression. The results simultaneously variable profitability, leverage, institutional ownership, audit committee, independent commissioners and company size have a significant effect on sustainability reports while partial testing shows that only audit committees have a significant effect on sustainability reports.

The Effect of Profitability on Stock Prices with Capital Structure as a Moderating Variable in Manufacturing Sub-Sector Companies for The Period 2019-2022

This study aims to determine the effect of profitability on stock prices with capital structure as a moderating variable in manufacturing sub-sector companies for the 2019-2022 period. The population of this study is manufacturing sub-sector companies listed on the Indonesia Stock Exchange for the period 2019 to 2022, totaling 40 companies. Data collection was carried out by purposive sampling. The research data is included in the type of secondary data in the form of financial reports and annual reports during the period 2019-2021. The data was obtained from the Indonesia Stock Exchange website, namely the website www.idx.co.id. The data analysis method used in this study uses multiple linear regression with the help of the SPSS version 24 program. The results of this study indicate that the profitability variable has a positive effect on stock prices. Then the capital structure variable has no effect on stock prices. Furthermore, it was found that the capital structure variable could not moderate the effect of profitability on stock prices in manufacturing sub-sector companies listed on the IDX for the period 2019-2022

FACTOR AFFECTING DIVIDEND POLICY IN FINANCIAL SECTOR COMPANIES IN INDONESIA STOCK EXCHANGE

This study aims to analyze the effect of profitability, liquidity, leverage, firm size and free cash flow on dividend policy in financial sector company listed on the ISE in the 2018-2020 period. This research’s sample used 25 companies listed on the Indonesia Stock Exchange. The hypothesis in this study used multiple regression analysis. The data processing in this study uses the E-views application version 12. The results of this study indicate that the variables of profitability and firm size have a significant effect and positive on dividend policy, the variables of liquidity have a significant effect and negative on dividend policy, while the variables of leverage and free cash flow do not have a significant effect on dividend policy.

Pengaruh Profitabilitas, Free Cash Flow, Ukuran Perusahaan Dan Kebijakan Dividen Terhadap Nilai Perusahaan (Studi Kasus Pada Sub Sektor Perbankan Yang Terdaftar Di BEI 2017-2021)

This study aims to examine and analyze the effect of profitability, free cash flow, firm size and dividend policy on firm value. The population in this study were 46 companies registered on the IDX and using a purposive sampling technique, a sample of 10 companies was obtained and there were 5 periods starting from 2019 to 2021, a total sample of 50 is obtained. From the analysis of the results of the research, it shows that profitability and company size affect firm value and free cash flow and dividend policy do not affect firm value. Then the F test simultaneously shows that the variable profitability, free cash flow, company size and dividend policy together have a significant effect on firm value
 Keywords: Profitability, Free Cash Flow, Company Size, Dividend Policy, Firm Value.

FACTORS AFFECTING ACCOUNTING CONSERVATISM IN CONSUMER GOODS COMPANIES IN INDONESIA STOCK EXCHANGE

This study examines the relationship between accounting conservatism and leverage, capital intensity, profitability, dividend policy, and firm size in consumer goods non-cyclical companies listed on the Indonesia Stock Exchange between 2017 and 2019. In this research 87 observational data are used in which obtained from 29 consumer goods non-cyclical companies that have met established criteria, where the samples are selected using purposive sampling technique. Hypothesis testing in this study uses multiple regression analysis. The data were calculated and processed using Microsoft Excel 2013 dan EViews 12. This research tested the classical assumption before testing the hypothesis and used the multiple linear regression model method, which the suitable model for this research is Fixed Effect Model (FEM). The findings of this study show that accounting conservatism is significantly influenced by the variables of leverage and profitability, but not by the factors of capital intensity, dividend policy, or business size.

The ANALYSIS OF GROSS PROFIT OF TRANSPORTATION AND LOGISTICS COMPANIES (Case Study at Samudera Indonesia Company, Tbk)

This study aims to determine the condition of the company's gross profit and the influencing factors in the 2020-2022 period. This study uses a descriptive method involving gross profit variables. The data that being used in this research comes from the company's income statement which is published on the official website of the Indonesia Stock Exchange. The results of this research showed that PT Samudera Indonesia, Tbk's gross profit experienced a continuous increase from 2020 to 2022. Gross profit in 2021 increased by 186.67% compared to 2020, and gross profit in 2022 increased by 107.6% compared to 2021. Several factors contributed to the high and low of the PT Samudera Indonesia, Tbk gross profit, namely: cost, selling prices, service sales volume, and global economic conditions.

Adoption and intensity of integrated agriculture aquaculture among smallholder fish farmers in Kenya

This paper examined the adoption and intensity of using integrated agriculture aquaculture (IAA) among smallholder fish farming households in Kenya. The analysis was based on crossectional farm-level data collected from four counties in Kenya: Nyeri, Kakamega, Siaya, and Busia. Results showed that risk plays a central role in farmers’ decisions through the direct effect of the sample moments of the profit distribution. Specifically, the first moment (mean profit) had a highly significant positive effect on the adoption and intensity of IAA. Profit variability, as reflected by the second moment, negatively impacted adoption and the intensity of IAA. Other factors that were important in IAA adoption included the proportion of economically active members, full-time land ownership, awareness of IAA, accessibility to irrigation, and flat farm topography, all of which were statistically significant in influencing IAA adoption positively. Other factors which were found to influence the intensity of IAA positively and significantly were: age, education level, number of economically active members, full-time land ownership, awareness of IAA, flat farm topography, and clay soil type. Thus, IAA should be promoted alongside farmers’ education, farm size, access to affordable and accessible credit, number of farm enterprises, and IAA awareness as a mechanism for enhancing smallholder IAA adoption and intensity of use.

Risk Assets Quality and Profitability of Listed Commercial Banks in Nigeria Stock Exchange

The dynamics in banking business had made their function of financial intermediation susceptible to inherent systemic risks and uncertainties as the role strictly require banks to ensure depositors’ funds are not endangered based on economic consequences it portends. The study therefore investigated risk assets quality and profitability of listed commercial banks in Nigeria and adopted ex post facto research design. It engaged non-probability sampling technique and purposively used 5 top banks licensed with international authorization. It collected relevant data from annual reports of these banks covering 2009 to 2018, a post banking sector consolidation era after the world financial crisis. Risk assets ratio and loan deposit ratio were derived and used as joint proxies for risk assets quality whereas log of profit after tax represented the dependent variable. It engaged panel data regression to evaluate the variables. It established that 64.4% of the total variation in profitability was attributable to risk assets quality of the banks. It proved risk assets ratio and loan deposit ratio has positive and negative significant effect on profitability of the banks respectively. The result further gave evidence that each bank maintained risk assets quality that has significant effect of their respective profit after tax during the period and concluded that risk assets quality has significant effect on profitability of commercial banks in Nigeria. It therefore recommended that management of banks should sustain appropriate risk assets ratio, maintain suitable loan deposit maturity profile and enhance its services to attract depositors.

Pengaruh Corporate Social Responsibility (CSR), Profitabilitas, Ukuran Perusahaan terhadap Agresivitas Pajak

Agresivitas pajak ness allows companies to minimize the tax burden borne by the company. This study aims to determine the effect of Corporate Social Responsibility (CSR), Profitability, and company size on Agresivitas pajak ness. In this study Corporate Social Responsibility (CSR), Profitability, and company size on Tax Agressiveness are the independent variables while agresivitas pajak ness is the dependent variable. The results of the analysis show that CSR disclosure and company size have no effect on agresivitas pajak ness, while the profitability variable has a positive effect on agresivitas pajak ness

The Effect of Profitability, Leverage, Corporate Social Responsibility and Firm Size on Company Value with Good Corporate Governance as a Moderating Variable in Technology Companies Listed on the Bei in 2019-2022

This study aims to obtain empirical evidence of the influence of Profitability, Leverage, Corporate Social Responsibility and Firm Size on Company Value with Good Corporate Governance as a moderating variable. The population in this study are technology sector companies listed on the IDX in 2019-2022. The sample in this study were 11 companies for 4 years, so the total sample was 44. The data analysis technique used was Moderate Regression Analysis (MRA) with a significance level of 5%. The results showed that the variable profitability and firm size had an effect on firm value, while leverage and corporate social responsibility had no effect on firm value. Good corporate governance variables can moderate profitability and firm size on firm value, but cannot moderate leverage and corporate social responsibility variables on firm value

10.84389 Pengaruh Financial Ratio dan Profit Growth Dimasa Pandemi Covid-19

The purpose of this study is to determine the profit growth of companies in the consumer goods industry sector which are listed on the Indonesia Stock Exchange. Judging from the financial ratios, liquidity ratios, solvency ratios, activity ratios and profitability ratios. The population of this study is the consumer goods industry sector which has obtained annual financial reports (annually reports) published on the Indonesia Stock Exchange for the 2018-2021 period. The data collection technique used in this study was purposive sampling, namely the method of selecting samples on previously known characteristics so that 13 samples were obtained. The analysis technique used in this research is descriptive analysis with multiple linear regression analysis method, classic assumption test, independent simple T-Test different test with SPSS 25 program. The results showed that, (1) the current ratio has no significant positive effect on the growth variable profit, (2) debt ratio has a significant positive effect on profit growth variable, (3) total asset turnover has no significant negative effect on variable, (4) net profit margin has significant positive effect on profit growth variable.

ANALYSIS OF THE FINANCIAL PERFORMANCE OF COMPANIES LISTED ON THE INDONESIAN STOCK EXCHANGE (BEI) BEFORE AND DURING THE COVID-19 PANDEMIC

This research is a type of quantitative research with the aim of knowing the financial performance conditions of companies listed on the Indonesia Stock Exchange before and during the Covid-19 pandemic. The samples used are companies listed on the Indonesian Stock Exchange for the 2019-2021 period and accessed via the official website of the Indonesian Stock Exchange at (www.idx.co.id). The research sample was selected using techniquespurposive sampling and a total of 592 companies that met the criteria were obtained and 1,776 financial report data were observed during the 2019-2021 period. The data used in this research is secondary data, while the data collection technique uses documentation techniques. The analytical methods used are descriptive statistical tests, normality tests and difference testsWilcoxon Signed Rank Test. Data testing is carried out using statistical calculations through the applicationStatistical Product Service and Solution (SPSS). The research results showed that there were 3 variables that experienced significant differences between before and during the Covid-19 pandemic in companies listed on the Indonesia Stock Exchange. These differences occur in the variables of liquidity, profitability and activity in the form ofcurrent ratio (CR), return on assets (LONG),total assets turnover (TATTOO). Meanwhile, the solvency variable is measured usingdebt to equity ratio (DER) there is no significant difference between before and during the Covid-19 pandemic

The Effect of Intellectual Capital and Capital Structure on Firm Value with Profitability as an Intervening Variable in SOE Companies Listed on the IDX

This study aims to determine the effect of intellectual capital and capital structure on firm value and profitability as intervening variables. This research was conducted on publicly listed state-owned companies that have been and are still listed on the Indonesia Stock Exchange (IDX) for the 2015 -2019 period, namely 22 companies. Samples were taken using purposive sampling, so 17 companies were selected with 85 observations. Research data analysis techniques using path analysis techniques. The method used in this study is the random effect model panel data regression method. The study results show that Intellectual Capital, Capital Structure, and Profitability simultaneously affect Firm Value. Partially the Intellectual Capital and Capital Structure variables do not affect firm value, while Profitability has a positive and significant effect on firm value. Testing the second hypothesis shows that the variable Profitability cannot mediate the relationship between Intellectual Capital and Capital Structure on Firm Value. Keywords: intellectual capital, capital structure, profitability, firm value