Profitability Variables Research Articles

PENGARUH REPUTASI UNDERWRITER, REPUTASI AUDITOR, LEVERAGE, PROFITABILITAS, LIKUIDITAS, UKURAN PERUSAHAAN, LIFE STAGE PERUSAHAAN TERHADAP UNDERPRICING SAHAM PADA IPO DI BEI

In Indonesia Stock Exchange, there is often an initial price of the shares offered is lower than the price on the first day of secondary market that called underpricing. This empirical study aimed to examine the effect of Underwriter Reputation, Auditors Reputation, Leverage, Profitability, Liquidity, firm size, and life stage of the firm on stock underpricing of initial public offering on the Indonesia Stock Exchange. Which methode used in these research is non probablity with purposive sampling.The population in this study is a company listed on the Indonesia Stock Exchange, with the periods of sampling is the year 2020 to 2023, obtained as many samples 57 emiten (companies) out of a population of 57 emiten. These research was conducted with using multiple linear regression analtysis with a significant level 5%. The results show the variables Underwriter Reputation and Auditor Reputation have no significant effect on underpricing. Leverage variable positive and significant effect on the Underpricing. While variable profitability, Liquidity, firm Size, and life stage of the firm significantly and negatively related to the underpricing IPO shares on the Indonesia Stock Exchange.

Techno-Economic Assessment of Battery Systems for PV-Equipped Households with Dynamic Contracts: A Case Study of The Netherlands

Dynamic energy contracts, offering hourly varying day-ahead prices for electricity, create opportunities for a residential Battery Energy Storage System (BESS) to not just optimize the self-consumption of solar energy but also capitalize on price differences. This work examines the financial potential and impact on the self-consumption of a residential BESS that is controlled based on these dynamic energy prices for PV-equipped households in the Netherlands, where this novel type of contract is available. Currently, due to the Dutch Net Metering arrangement (NM) for PV panels, there is no financial incentive to increase self-consumption, but policy shifts are debated, affecting the potential profitability of a BESS. In the current situation, the recently proposed NM phase-out and the general case without NM are studied using linear programming to derive optimal control strategies for these scenarios. These are used to assess BESS profitability in the latter cases combined with 15 min smart meter data of 225 Dutch households to study variations in profitability between households. It follows that these variations are linked to annual electricity demand and feed-in pre-BESS-installation. A residential BESS that is controlled based on day-ahead prices is currently not generally profitable under any of these circumstances: Under NM, the maximum possible annual yield for a 5 kWh/3.68 kW BESS with day-ahead prices as in 2023 is EUR 190, while in the absence of NM, the annual yield per household ranges from EUR 93 to EUR 300. The proposed NM phase-out limits the BESS’s profitability compared to the removal of NM.

Pengaruh Profitabilitas dan Likuiditas Terhadap Zakat Perusahaan Pada Bank Umum Syariah di Indonesia

This research aims to determine the influence of profitability and liquidity on corporate zakat (Islamic almsgiving) for Islamic Commercial Banks in the period of 2021-2023 in Indonesia. The population of this study consists of Islamic Commercial Banks operating in Indonesia. The research employs purposive sampling as the sampling method. After selection, the sample includes four Islamic Commercial Banks: Bank Muamalat Indonesia, Bank Syariah Indonesia, Bank Mega Syariah, and Bank Panin Dubai Syariah. This research follows a quantitative approach using multiple regression analysis, and the analysis is conducted using SPSS. The research results indicate that the profitability variables, proxied by Return On Equity (ROE) and the Operating Expenses to Operating Income Ratio (BOPO), and the liquidity variable, proxied by Financing to Deposit Ratio (FDR), collectively have a positive and significant impact on corporate zakat. In partial testing, the Profitability variable, which is proxied by Return On Equity (ROE), has a significant positive influence on the company's zakat expenditure, while the Operating Costs, Operating Income (BOPO) has no effect on the company's zakat expenditure, and the Liquidity variable, which is proxied by the Financing to Deposit Ratio. (FDR) has a significant negative effect on company zakat expenditure. This explains how the profitability and liquidity of Islamic banks can affect their social obligations in paying corporate zakat, which is an important aspect of the Islamic economy in Indonesia.

Pengaruh Transfer Pricing, Tunneling Incentive dan Profitabilitas terhadap Effective Tax Rate Rasio (ETR)

This study aims to examine the effect of transfer pricing, tunneling incentive and profitability on effective tax rate ratio both partially and simultaneously. This research is motivated by the occurance of several tax avoidance practices in several manufacturing companies in Indonesia. The population in this study amounted to 47 food and beverage sector companies listed on the Indonesia Stock Exchange (IDX) during the 2017-2019 period. Determination of the sample in this study using purposive sampling technique and obtained a sampel of 13 companies. The data analysis method used is multiple linier regression analysis using IBM SPSS software version 22. The results showed that the transfer pricing and profitability variables partially had a significant negative effect, while the tunneling incentive variable partially had an insignificant negative effect on the effective tax rate ratio. While simultaneously the three independent variables have a significant negative effect on the effective tax rate (ETR) ratio.

The Impact of Earnings Management, Leverage, and Profitability on Tax Avoidance in Mining Sector Companies

Taxes help the country develop in education, health, industry, and more. Since taxes are a major source of state revenue, the government prioritizes tax payment. Industrial taxpayers should follow appropriate norms and correct accounting principles to avoid violating government or country tax legislation. This research aims to study and assess the influence of profitability, leverage and earnings management on tax avoidance in mining companies listed on the Indonesia Stock Exchange (BEI). The focus of this research is on the group of companies in the mining sector listed on the BEI during the period 2019 to 2023. A saturated sampling technique, or often referred to as a census, is used in this research, where all 62 companies in the population are included as samples for a continuous period of 5 years. , resulting in a total of 310 observations. The results of hypothesis testing show that the earnings management, leverage and profitability variables together have a significant influence on tax avoidance. Earnings management, leverage, and profitability each have a large and positive impact on tax avoidance practices. This research is aimed at providing valuable insights and a complete understanding of tax evasion, with the aim of assisting stakeholders, including the government, in making the right decisions and formulating effective tax control laws.

The Influence of Moderation Leverage on The Relationship Between Profitability and Firm Value

Capital market investors anticipate their investments will appreciate and progress in line with their investment objectives, specifically to enhance investor well-being. The investment value appreciates when the issuer's share price or firm value rises. Several variables can impact the value of a company, with profitability and leverage being two significant influences. Prior studies have presented empirical proof that a firm's profitability and leverage can impact its value. This study examines the moderating impact of leverage on the association between profitability and company value. The study utilized data from issuers listed on the Indonesia Stock Exchange from 2019 to 2021. At the time of this research, no existing studies examined the role of leverage as a moderating factor in the connection between profitability and company value. The data analysis revealed a strong positive correlation between profitability and firm valuation. High levels of leverage have a substantial detrimental impact on the value of a firm. The interaction variable of profitability and leverage has a negligible impact on the connection between profitability and firm value. The findings of this test indicate that leverage has a moderating effect that reduces the association between profitability and firm value. However, it is essential to note that leverage is not demonstrated to be a substantial moderating variable in this relationship.

PENGARUH PENGUNGKAPAN EMISI KARBON, ECO- EFFIENCY, DAN GREEN INNOVATION TERHADAP NILAI PERUSAHAAN

The main purpose of a company is to maximize company value and create financial prosperity for company owners and interested parties. Basically, investors use company value as an indicator in assessing company performance. However, the reality is that the rapid development of the industry is also accompanied by increasing environmental problems, but many companies do not consider environmental impacts in their operational activities. In this context, it is important for companies to not only focus on economic aspects, but also consider environmental aspects in order to increase company value. There are several factors that can affect firm value. Therefore, this study was conducted with the aim of examining the disclosure of carbon emissions, eco-efficiency, and green innovation on firm value. This research is quantitative research using hypothesis testing. The independent variables used in this study are disclosure of carbon emissions, eco-efficiency, and green innovation. The dependent variable is firm value. This study uses control variables of company size and profitability. The object of this research is all manufacturing sector companies listed on the IDX in 2019-2022. The analysis technique used in this research is multiple regression analysis. The results of this study prove that eco-efficiency and green innovation have a positive influence on firm value. This means that the more companies that implement eco-efficiency and green innovation will encourage an increase in firm value. On the other hand, carbon emission disclosure has no influence on firm value. This is because the level of disclosure made by the company is still low so that it has not been able to affect the firm value.

Analisis Pengaruh Struktur Modal Dan Profitabilitas Yang Mempengaruhi Nilai Perusahaan Pada Perusahaan Manufaktur Sektor Industri Pertanian Yang Terdaftar Di Bei Periode 2018-2022

The company value in this study is proxied by Price Book Value, which is the market ratio used to measure stock prices with the book value of shares. This study aims to test and determine the effect of capital structure proxied by Debt to Equity Ratio and Profitability proxied by Return on Equity on the value of companies listed on the Indonesia Stock Exchange. The sampling technique used purposive sampling with a total sample of 25 companies and the research data amounted to 125 data for the period 2018-2022. This study used time series data with multiple linear regression models. Hypothesis testing shows the regression coefficient value of the capital structure variable is -0.009 with a significance of 0.433> 0.05. Meanwhile, the regression coefficient value of profitability variable was 0.166 with a significance of 0.009 <0.05. The results of this study indicates that capital structure (DER) has a negative and insignificant effect on firm value, meaning that if the capital structure increases by one unit, the firm value will remain constant. While profitability (ROA) has a positive and significant effect on firm value (PBV), meaning that Profitability (ROA) has a significant effect on Firm Value in Manufacturing companies listed on the IDX that if profitability increases by one unit, the company value will increase.

Pengaruh Penganggaran Terhadap Profitabilitas UMKM

This research aims to determine the effect of budgeting on profitability. In this research we will carry out market analysis so that we can find out how much influence company budgeting has on profitability. In this research we used quantitative methods with descriptive and explanatory approaches. The research conducted used the dependent variable of profitability and the independent variable, namely budgeting, to show how much budgeting is related to profitability. The research instrument is: We directly carried out an analysis which we carried out for 3 months so that we could find out the profits of the MSMEs that we analyzed. The result is that from the analysis we have carried out, SMEs experience fluctuations caused by unexpected things such as fasting, but from the analysis we have carried out the company makes large profits. With this research, it is hoped that it will be able to help other MSMEs in developing their business because by implementing budgeting in business, MSMEs are able to run their businesses effectively and efficiently.

Recycling Cost formation and Profitability of foods and beverages firm: Evidence from Flour Milling Industries of Nigeria Plc (1991-2021)

Recycling is one of the most viable options to reuse the end of the product in the closed-loop supply chains (CLSC) management. The major focus of this study is to examine the influence of product recycling cost on the profitability of food and beverage firms. This study relied solely on secondary data sourced which was subjected to a mathematical model using regression analysis. It was observed that dependent and the independent variables has a strong positive relationship with r=0.741. The coefficient of determination r2=0.549 shows that 54.9% of the variation in profit can be explained by production cost at 95% level of significant while in the flour mills Nigeria plc, the dependent and the independent variables has a weak positive relationship with r=0.363. The coefficient of determination r2=0.132 shows that 13.2% of the variation in profit can be explained by the production cost at 95% level of significant. Finally in Dangote Nigeria plc, dependent and the independent variables has a weak positive relationship with r=0.174. The coefficient of determination r2=0.030 Shows that 03.0% of the variation in profit can be explained by the production cost at 95% level of significant.

Influence of Moderation Leverage on The Relationship Between Profitability and Firm Value

Capital market investors anticipate their investments will appreciate and progress in line with their investment objectives, specifically to enhance investor well-being. The investment value appreciates when the issuer's share price or firm value rises. Several variables can impact the value of a company, with profitability and leverage being two significant influences. Prior studies have presented empirical proof that a firm's profitability and leverage can impact its value. This study examines the moderating impact of leverage on the association between profitability and company value. The study employed data from companies listed on the Indonesia Stock Exchange between 2019 and 2021. Currently, there are no studies that have investigated the impact of leverage as a moderating factor on the relationship between profitability and firm value. The data analysis revealed a strong positive correlation between profitability and firm valuation. Significant leverage levels have a considerable negative effect on a corporation's value. The interaction variable of profitability and leverage has a minimal effect on the relationship between profitability and firm value. The test results suggest that leverage modifies, diminishing the link between profitability and company value. However, it is essential to note that leverage is not demonstrated to be a substantial moderating variable in this relationship.

Toward better equity: Analyzing travel patterns through a neural network approach in mobility-as-a-service

The quantitative implications of Mobility-as-a-Service (MaaS) for travel equity and transportation system performance are underexplored, a gap primarily attributed to the complexities of forecasting travel pattern shifts in response to a broad spectrum of MaaS bundles via conventional methodologies. In this study, we utilize Neural Network models to identify the primary characteristics that influence the use of various travel modes, drawing upon data from a stated preference (SP) survey administered in Hong Kong. We evaluate the repercussions of enforcing various equity metric constraints on system efficiency and undertake a thorough analysis of the ensuing variations in system emissions and profitability. Our findings highlight the profound influence of established pre-MaaS travel patterns on subsequent behaviors following MaaS introduction. Moreover, our findings reveal that socio-demographic characteristics exert a greater impact on travel mode usage than the attributes of MaaS bundles, highlighting the entrenched lifestyle preferences and economic conditions that shape travel behavior. Furthermore, our research reveals that while the enforcement of equity constraints typically reduces system efficiency, specific ranges exist where such enforcement may be advantageous in terms of emission reductions and increased profitability for MaaS platforms.

PENGARUH PROFITABILITAS, LEVERAGE, DAN UKURAN PERUSAHAAN TERHADAP KETEPATAN WAKTU PENYAMPAIAN LAPORAN KEUANGAN

The research was conducted to see the effect of the variables of profitability, leverage, and company size as independent variables on the timeliness of financial report submission as the dependent variable. The profitability variable in this study uses ROE as a measuring tool, for leverage using DER as a measuring tool, and finally Ln is used as a measuring tool for the company size variable. This research uses the property and real estate sector industry listed on the IDX for the 2020-2022 period. 48 companies were obtained for the population so that the research sample was 144. This research uses quantitative methods and uses secondary data sourced from the IDX. The sampling process applies purposive sampling technique. The analysis test processed using the SPSS 25 application shows that there is a simultaneous influence on profitability and leverage, and company size on the timeliness of financial report submission. It was found that profitability and leverage did not have a significant influence on the timeliness of submitting financial reports, while company size showed a positive influence on the timeliness of submitting financial reports.. Keywords: Leverage, Company Size, Timeliness of Submitting Financial Statements

Struktur Modal, Likuiditas, Profitabilitas Terhadap Nilai Perusahaan Pada Perusahaan Sektor Transportasi Dan Logistik

The aim of this research is to determine the influence of capital structure, liquidity and profitability on company value in transportation and logistics sector companies listed on the Indonesia Stock Exchange for the 2018-2022 period. The number of samples studied was 40 companies with 5 years of research. So the total data used was 200 research data. The research method used is panel data regression analysis test. The research uses hypothesis testing to develop research results on the influence of capital structure, liquidity and profitability on company value. The research results conclude that the capital structure variable has a positive and significant effect on company value. Every increase in capital structure variables will be able to increase company value significantly. The liquidity variable has a positive and significant effect on company value. Every increase in the liquidity variable will be able to increase company value significantly. The profitability variable does not have a significant effect on company value. Any increase in the profitability variable will not increase or decrease the company value significantly.Keywords: Capital Structure, Liquidity, Profitability and Company Value

The Effect of Leverage, Total Assets Turnover, and Profitability on Financial Distress in Food and Beverage Subsector Companies on the IDX

This study aims to examine the effect of Leverage, Total Assets Turnover, and Profitability on Financial Distress in Food and Beverage Companies on the IDX. The independent variables in this study are leverage, total assets turnover, and profitability. The dependent variable in this study is financial distress which uses the proxy, namely Negative Net Income. The number of samples in this study amounted to 20 companies with five years of observation so that there were 100 total observations to be analysed. The sampling technique used purposive sampling method. The research method used in this research is quantitative. Data sourced based on secondary data, namely annual reports published from each company. The analysis method used is logistic regression with E-Views. The results of this study indicate that leverage has no effect on financial distress. The total assets turnover variable has no effect on financial distress. Profitability variable has a negative effect on financial distress.

Organisational and economic support for the development of business enterprises in agriculture under martial law

Entrepreneurs in agriculture ensure the potential of the country's food security and environmental protection. The study aims to substantiate the social, economic and conceptual foundations of the activities of business entities in agriculture under martial law. The research methodology is based on the provisions of system-functional analysis and institutional economic theory. Graphical, and abstract methods of systematisation of results were used. The study found that in 2023, more than 50 thousand business entities (92% of them were farms) produced products. 1.6 thousand agricultural businesses received loans worth 60.1 billion UAH. The author substantiates the need to keep the preferential financing of agricultural entrepreneurs under the "Affordable Loans 5-7-9%" programme as "survival loans" with the expansion of the limits to 130-140 million UAH and a reduction of the interest rate to 5%. The study determined that small business and family farming are the primary guarantors of employment. It is proved that in the period 2017-2022, 84.64% of the variation in net profit is explained by the variation in the level of agricultural products sold by business entities. The article substantiates the expediency of applying the organisational and economic principles of business development in wartime, developing comprehensive indicators for assessing the state of development of business structures in the agricultural sector of the economy and the impact of entrepreneurship on the development of rural areas. The indicators of development and efficiency of agricultural enterprises are characterised. The information and analytical material can be considered when developing regional programmes for the development of agrarian entrepreneurship.

Identifying high-value tactical livestock decisions on a mixed enterprise farm in a variable environment

Context Australia is renowned for its climate variation, featuring years with drought and years with floods, which result in significant production and profit variability. Accordingly, to maximise profitability, dryland farming systems need to be dynamically managed in response to unfolding weather conditions. Aims The aim of this study is to identify and quantify optimal tactical livestock management for different weather-years. Methods This study employed a whole-farm optimisation model to analyse a representative mixed enterprise farm located in the Great Southern region of Western Australia. Using this model, we investigated the economic significance of five key livestock management tactics. These included timing of sheep sales, pasture-area adjustments, rotational grazing, crop grazing and sheep nutrition adjustments. Key results The results showed that, on the modelled dryland mixed-enterprise farm in the Great Southern region of Western Australia, short-term adjustments to the overall farm strategy in response to unfolding weather conditions increased expected profit by approximately 16%. Each tactic boosted profit by between A$7704 and A$53,171. However, we outline several complexities that farmers must consider when implementing tactics. Conclusions The financial gains from short-term tactical management highlighted their importance and farmers’ need to develop and apply those skills. The tactical skills promote business resilience and adaptability in the face of climate uncertainties. Implications The study highlighted the economic value of dynamic livestock management in response to climate variations, offering farmers in the Great Southern region the means to underpin profitable and sustainable farm practices.

The Influence of Company Profitability, Corporate Risk, Audit Report Lag, and CEO Gender on Audit Fee

This research aims to examine the influence of company profitability, company risk, audit report lag, and CEO gender on audit fees and to test the differences in independent variables and dependent variables before and during the COVID-19 pandemic. The object of this research is non-financial sector companies listed on the Indonesia Stock Exchange in 2018–2021. This research uses secondary data. The number of samples in this research was 75. The sample selection technique used is purposive sampling. Data analysis was done using panel data analysis, paired sample t-tests, and Wilcoxon tests. Results show that the audit report lag variable has a positive effect on audit fees. In contrast, the variables of company profitability, company risk, and CEO gender do not affect audit fees. Based on the results of the average difference test, the profitability and audit report lag variables experienced significant changes before and during the COVID-19 pandemic, while the audit fee, company risk, and CEO gender variables did not experience significant changes before and during the COVID-19 pandemic. Keywords: audit fee, company profitability, company risk, audit report lag, CEO gender

Pengaruh Profitabilitas dan Likuiditas terhadap Opini Audit Going Concern

This research aims to find out how Profitability and Liquidity influence Going Concern Audit Opinions in manufacturing companies listed on the Indonesia Stock Exchange for the 2021–2023 period. The population in this study are manufacturing companies in the Consumer Goods Industry sector listed on the Indonesian Stock Exchange for the 2021–2023 period. Sampling was carried out using the Purposive Sampling method. The type of data used is secondary data. The results of this research show that the Profitability variable has a significant negative effect on the Going Concern Audit Opinion, while the Liquidity variable does not have a significant effect on the Going Concern Audit Opinion. However, the variables Profitability and Liquidity simultaneously have a significant effect on the Going Concern Audit Opinion.

Liquidity And Profitability Of Companies Listed On The Lima Stock Exchange In The Context Of The Covid19 Pandemic

The research objective was to determine the relationship between the liquidity and profitability variables of the companies listed on the Lima Stock Exchange during the years 2020 and 2021, to demonstrate the prevalence of the problems of said variables in the various sectors as an effect of the covid 19 pandemic. The research was carried out with the deductive process, with a retrospective cross-sectional non-experimental design, applying a documentary analysis sheet to collect the required data from the audited financial statements of the companies under study. The results revealed that a high percentage (more than 30%) of the companies studied either had liquidity less than 1 or greater than 2 and negative profitability. It was demonstrated that the liquidity problem is directly and significantly related to the profitability problem in the evaluated ratios.