Profitability Variables Research Articles

The Effect of Early Warning System (EWS) and Risk-Based Capital (RBC) On Profitability and Stock Price (Study on Insurance Companies on the Indonesia Stock Exchange)

Insurance is a form of community financial management that anticipates future risks. The growing number of insurance companies in Indonesia certainly provides ample opportunities for people to choose insurance products. Insurance companies must also pay attention to financial performance in carrying out their operational activities. Early Warning System (EWS) and Risk-Based Capital (RBC) values are ratios that describe the financial condition of insurance companies. Good financial performance will show that finances are in stable condition, including the acquisition of profitability. The study examines the effect of EWS and RBC values on profitability. In addition, related to financial performance will have an impact on stock prices. So, this study also examines the effect of EWS and RBC values on stock prices. This research uses a quantitative approach. Researchers conducted tests through the SPSS application and path analysis on path analysis. The sample in this study amounted to 11 insurance companies in the 2019-2023 financial period. The results showed that the EWS value had no significant effect on the profits of insurance companies listed on the Indonesia Stock Exchange (IDX). Then the RBC value also has no significant effect on the profits of insurance companies listed on the IDX. For other dependent variables, namely stock prices. Partially, the EWS value has a positive effect on the share price of insurance companies listed on the IDX. However, the RBC value does not affect the share price of insurance companies listed on the IDX. Profit variables have an influence on stock prices, the higher the profit followed by an increase in stock prices. However, earnings cannot mediate the effect of EWS value and RBC value on stock prices.

The Effect Of Profitability, Leverage And Company Size On Company Value In Sharia National Pension Savings Bank For The Period 2014-2023

The purpose of this study is to find out whether or not there is a relationship between Profitability, Leverage, Company Size and Company Value at the Sharia National Retirement Savings Bank. The data used is secondary data taken from the Quarterly financial statements of the Sharia National Retirement Savings Bank for 2014-2023. Multiple linear regression analysis was used for the analysis in this study, partially showing that Profitability has a partial negative effect on the company's value. Leverage has no effect on the Company's Value. The size of the company affects the value of the company. Simultaneously, it can be explained that the variables of profitability, leverage, and company size have a simultaneous effect on the value of the company

Moderasi Kepemilikan Institusional pada Determinan Pengungkapan Corporate Social Responsibility Perusahaan Sektor Energi

The running of a company's operations is, of course, related to the impact on social and environmental aspects, meaning that the operational activities of a business entity not only have an impact on the company itself but also the environment and surrounding community, such as relations with stakeholders in the community, human resources, and natural resources. This research aims to determine the moderating interaction of Institutional Ownership in the influence of Tax Aggressiveness, Profitability, and Media Exposureon Corporate Social Responsibility disclosure in Energy Sector Companies Listed on the BEI in 2018-2024. This research uses a quantitative research approach. The data in this research is secondary data. The sampling technique used purposive sampling, resulting in a sample of 13 energy sector companies. The analysis tool used is eviews13. The research results show that the Tax Aggressiveness variable has no effect on Corporate Social Responsibility disclosure, the Profitability variable has an effect on Corporate Social Responsibility disclosure, and Media Exposurehas an effect on Corporate Social Responsibility disclosure. The Institutional Ownership variable can moderate the influence of Tax Aggressiveness and Profitability on Corporate Social Responsibility disclosure. Meanwhile, the Institutional Ownership variable cannot moderate the influence of Media Exposureon disclosure of Corporate Social Responsibility.

Implications of the Influence Corporate Financial Performance on Sukuk Ijarah in the Development of Indonesian Sharia Finance

In this study, the purpose of this study is to analyze the influence of the ability of Islamic finance to work, in which case the performance measured is profitability, curent liabilities and leverage reported by the company to sukuk ijarah corporation in the observation period during the last seven years, namely from 2018 to 2024 in Indonesia. The sample used is all companies registered with the Financial Services Authority (OJK) that issue sukuk with the sukuk ijarah scheme. The performance capabilities of the companies studied here are their ability to obtain their profitability as well as the company's ability to finance short-term debts arising from the issuance of sukuk ijarah and its long-term ability to meet sukuk payments that have matured in the next few years. This study uses multiple data regression using the Eviews 11 tool. The results of this study show that the three variables of profitability, liquidity and leverage simultaneously or partially affect sukuk ijarah. The fact is that the company that issued sukuk ijarah during the period of this research shows that sukuk ijarah can make the company obtain good profitability. On the other hand, companies that issue sukuk ijarah have the ability to meet their short-term debts and long-term debts if they have matured to return the underlying assets of the sukuk ijarah that have been issued.

Analisis Rasio Profitabilitas Basis Kas Dan Basis Akrual Terhadap Return Saham (Studi Kasus Pada Perusahaan Manufaktur Yang Terdaftar Di BEI Periode 2019-2021)

This study aims to analyzw the differences between cash-bases and accrual-bassed profitability rations on stock return in manufacturing companies listed on the Indonesia Stock Exchange. This study uses ROA (Return On Equity), ROE (Return On Equity) and ROI (Return On Investement) as profitability variabels. The data used were collected from 153 manufacturing compies over a periode of 3 years (2019-2021) and analyses using liniear regression. The results show that accrual-based RPE from alla the profitability variables used has a positive impact on stuck return. Others variabels, such as ROA and ROI, whether cash-based or accrual-bassed, do not have an impact. According to this study, the equiy performance of an organization, which can be measured by accrual ROE, plays a significant role in.

Pengaruh Enviromental, Social dan Governance Disclosure terhadap Profitabilitas Perusahaan Sektor Makanan dan Minuman di Indonesia

In the modern era, companies are assessed not only based on financial performance but also on how they manage environmental, social, and governance (ESG) impacts. ESG disclosure has become a key consideration for investors in evaluating corporate sustainability, particularly in the food and beverage sector in Indonesia. This study aims to analyze the effect of ESG disclosure on the profitability of food and beverage companies listed on the Indonesia Stock Exchange (IDX). The research employs a quantitative method with a multiple linear regression approach to analyze panel data. Data were obtained from annual reports and sustainability reports of companies for the 2021-2023 period. The research sample was selected using a purposive sampling method based on ESG disclosure criteria and the availability of profitability data. The analysis includes descriptive statistics, classical assumption tests (normality, multicollinearity, heteroscedasticity, and autocorrelation), as well as hypothesis testing using t-tests and F-tests. The findings reveal that, partially, the environmental, social, and governance disclosure variables do not have a significant effect on profitability (measured by Return on Assets/ROA). Simultaneously, these three variables also show no significant relationship with company profitability. The low coefficient of determination (R² = 0.018) indicates that profitability variance is predominantly influenced by factors outside of ESG disclosure.

The Influence of Good Corporate Governance, Maqashid Sharia, and Profitability on Company Value (Empirical Study of Sharia Commercial Banks in Indonesia)

The aim of this research is to find out how investors in Indonesia view Sharia Commercial Banks. This is an important step in the capital investment process because it influences the level of trust and confidence investors have in the company. Investors will have more confidence in banks that adhere to sharia principles, including prohibiting usury and speculative practices, and have an active and transparent sharia supervisory board. Therefore, the importance of Maqashid Syariah, profitability, and good corporate governance to company value cannot be overstated. This approach employs a quantitative plan. As study samples, nine Islamic commercial banks were employed. Sharia Commercial Banks employ the ratio scale as one of their data collection tools. The Chow test, Hausman test, Lagrange multiplier test, Classical Assumption test, t test, F test, and Computed R2 test utilizing EViews 10 software all support the multiple linear regression analysis performed in this study. The study's findings demonstrate that, when taken together, profitability, maqashid sharia, and sound corporate governance significantly and favourably affect a company's worth. The results of the partial test also demonstrate that, whilst the profitability variable has a significant negative influence on company value, the Maqashid Syariah variable has a positive and negligible influence.

The impact of COVID-19 on SME profitability: Insights from South Africa

This study aims to investigate the impact of COVID-19 on SME profitability, performance, and operational efficiency. The data were gathered using a structured questionnaire targeting SMEs affiliated with the Centre for Social Entrepreneurship (CSE), Productivity SA, Johannesburg Chamber of Commerce (JCCI), and Durban Chamber of Commerce and Industry (DCCI). A purposive sampling was utilized, specifically choosing SME owners or senior management representatives. The Krejcie & Morgan formula was used to calculate a suitable sample size of 348, resulting in an 81% response rate with 282 participants successfully completing the questionnaire. The instruments’ dependability was validated by Cronbach’s alpha coefficients of 0.906 and 0.769 for the impact of COVID-19 on SMEs and profitability variables, respectively. The findings indicated that the average effect of COVID-19 on SME was 40.3546, with a standard deviation of 7.61450. The average profitability was 5.4921, with a standard deviation of 1.92297. An analysis using a one-sample t-test revealed that the influence of COVID-19 on SMEs did not show a statistically significant impact (p = 0.156). However, the effect on profitability was statistically significant (p = 0.001). These findings emphasize the diverse consequences of the pandemic on the functioning of SMEs, specifically pointing out considerable decreases in profitability. The study recommends that government agencies and financial institutions increase support for SMEs to help them recover from the profitability challenges brought on by the pandemic. Tailored financial relief programs, accessible credit facilities, and long-term recovery strategies should be implemented to cushion SMEs against future economic shocks.

Pengaruh Profitabilitas, Likuiditas, Ukuran Perusahaan Dan Pertumbuhan Perusahaan Terhadap Nilai Perusahaan

The value of the company will be reflected through the company's shares. This study aims to test the profitability variables measured by return on assets (ROA), liquidity measured by current ratio (CR), company size measured by firm size (FS), and company growth measured by assets growth (AG) on the company's value. The sampling technique was purposive sampling. The data used are consumer non-cyclical companies listed on the IDX for the 2019-2023 period. Consumer non-cyclical companies are part of the manufacturing industry. Consumer non-cyclical companies are engaged in basic necessities, cigarettes and beauty. The data was processed using Eviews 12 and Microsoft Excel software. It is hoped that this research can provide considerations in decision making regarding variables that can increase company value. The conclusion of this study is that profitability has a significant positive effect on company value. Variable liquidity, company size and growth have no significant effect on company value.

Pengaruh Profitabilitas, Likuiditas, Ukuran Perusahaan, Leverage, Kepemilikan Manajerial dan Kepemilikan Institusional Terhadap Nilai Perusahaan: Studi pada Perusahaan Food and Baverage yang Terdaftar di Bursa Efek Indonesia Tahun 2019-2022

This research aims to examine the influence of the independent variables profitability, liquidity, company size, leverage, managerial ownership and institutional ownership and the dependent variable firm value. The object of this research is food and beverage companies listed on the Indonesia Stock Exchange 2019 - 2022. The sampling method used is the purposive sampling technique. This research was conducted on 19 companies and the number of observations was 532 data using a quantitative-descriptive approach. The analytical method used is multiple regression which consists of classic assumption tests (normality test, multicollinearity test, heteroscedasticity test and autocorrelation test) and hypothesis tests (coefficient of determination test, T test, F test). The results of this research show that profitability and leverage have a positive and significant effect on company value, while liquidity, company size, managerial ownership and institutional ownership have no effect on company value.

Peran Leverage dan Profitabilitas dengan Kebijakan Deviden sebagai Variabel Moderasi terhadap Nilai Perusahaan

This research aims to examine the influence of leverage, profitability and dividend policy on company value as well as the role of dividend policy in moderating (giving a strengthening or weakening effect) the influence of leverage and profitability on the value of consumer good companies on the Indonesia Stock Exchange in 2021-2023.The population in this research is consumer good companies on the Indonesian stock exchange for the 2021-2023 period with a total of 48 companies. Then a sample of 25 companies in the period 2021-2023 used the purposive sampling method.This research is quantitative research where the data is then analyzed using the multiple linear regression method using moderation test analysis as a tool for measuring relationships. The results of this research show that leverage has a negative and significant effect on company value, profitability has a positive and significant effect on company value, dividend policy has a positive and significant effect on the company and dividend policy has a strengthening effect on the leverage and profitability variables on company value.Dividend policy can be a moderating variable for leverage and profitability on company value. It is known that the R Square value is 0.834, which means that the contribution of the leverage variable and profitability variable to the company value variable after the moderation variable (dividend policy) is 83.4%.So it can be concluded that after the existence of the moderation variable (dividend policy) it can strengthen the influence of the leverage variable and profitability variable on the company value variable.

Pengaruh Profitabilitas, Leverage, dan Kepemilikan Institusional Terhadap Nilai Perusahaan pada Perusahaan Properti dan Real Estate yang Terdaftar di Bursa Efek Indonesia Tahun 2020-2023

The purpose of this study was to analyze the effect of profitability, leverage, and institutional ownership on firm value in the property and real estate sector listed on the Indonesia Stock Exchange (IDX) for the period 2020-2023. The method used in this research is a causal quantitative approach using secondary data obtained from the Company's annual financial statements published on the IDX. The population in the study was 92 companies and obtained research samples using purposive sampling technique 53 companies from 2020 to 2023, resulting in 212 samples. The results of the study state that the variables of profitability, leverage, and institutional ownership simultaneously have a significant effect on firm value. Partially, profitability has no effect on firm value. Meanwhile, leverage and institutional ownership have a significant effect on firm value.

Factors affecting financial performance in the waste management industry: A comparative analysis of pre- and post-COVID-19 periods

The linear economic model is unsustainable for a long time, so the transition to a circular economy seems inevitable. By adopting a new Circular Economy Action Plan, the EU is taking concrete steps in this direction and identifying indicators to measure progress. In this context, businesses operating in the waste management industry are among the key actors helping to meet the objectives of circular economy policies. This study aims to identify and compare the determinants of the financial performance of companies in the NACE 38 industry and to quantify their impact on ROA and ROS in 2019 and 2022. Pearson's R was used to select the variables we examined using principal components analysis as one of the methods used in exploratory factor analysis. Linear regression analysis was employed to explain the influence of the extracted factors on changes in ROA and ROS. For 2019, we extracted five factors (capital structure, business policy, current assets' efficiency, operational activity, and working capital management) that explain 79.2% of the variability in profitability. For 2022, we extracted six factors (liquidity management, current assets' efficiency, asset structure, volume of available resources, capital structure and operational activity), which explain 84.17% of the variability of the variables. By comparing the findings, we concluded that while in the pre-crisis period, operating ratios appeared to be key to the financial performance of companies, in the post-crisis period, the factors of liquidity and available resources have become more critical.

Pengaruh Struktur Kepemilikan dan Profitabilitas terhadap Manajemen Laba pada Consumers Cyclical Industry

Publication and disclosure of information to the general public are of particular concern to management because the company wants to show good performance and image that will have a long-term impact on the company. The component in the financial report that is first highlighted by stakeholders is related to profit. Thus, companies often take profit management actions only to manipulate profits as a reflection of good company performance. Many factors influence companies to carry out profit management such as ownership structure and company profitability. The study aims to examine the effect of managerial ownership, institutional ownership, and profitability on profit management in the non-primary goods industry listed on the IDX in 2018-2022. The sample uses data from 47 companies from a total population of 151 companies. The study uses descriptive statistics with quantitative methods. So, this study is a secondary study because the data used in the study uses data from the company's financial statements and annual reports. Sampling using purposive sampling because there are established criteria. The results of the study state that there is a significant influence of managerial ownership and institutional ownership on profit management. Meanwhile, the profitability variable does not have a significant influence on profit management.

Pengaruh green intellectual capital terhadap Kapitalisasi pasar

The purpose and the research conducted is to the investigate and impact of GIC on the market capitalization of each company mentioned in the Indonesian of Stock Exchanges from 2018 to 2022. GIC includes GHC, GSC, and GRC as independent variables. The research data’s derive to from companies of the annual reports mentioned in the Indonesian Stock Exchanges for the specified period. A targeted on sampling methods was the used, which led to at sample of 25 companies. The results of the simple regression linear tests indicate that GIC has a very significant influence on market capitalization. According to Hypothesis 1 (H1), GHC has a very positive and highly significant influence on market capitalization. Similarly, Hypothesis 2 (H2) suggests that GSC can have a significant positive and the impact to the market capitalization, and Hypothesis 3 (H3) states that GRC has a to positive very impact on market capitalization. In addition, the simple regression linear results also show and that the variables of profitability (ROA) and leverage (DAR) have no impact on market capitalization.

The Influence Of Leverage, Corporate Governance And Capital Intensity On Tax Avoidance In Mining Companies Listed On The Indonesia Stock Exchange Year 2020 – 2023

This research aims to examine the influence of leverage, corporate governance and capital intensity on tax avoidance in mining companies listed on the Indonesia Stock Exchange in 2020-2023. Samples were taken using the purposive sampling method. The population in this research is all mining companies listed on the Indonesia Stock Exchange in 2020-2023. From this population of 43 mining companies, 9 mining companies were obtained as samples. Data were analyzed using multiple linear regression. The test results show that the variable profitability, leverage has a positive effect on tax avoidance. The board of commissioners and the audit committee as proxies of corporate governance as well as the capital intensity variable also show a positive influence on tax avoidance

Analysis of the application of financial management to the profitability of MSMES through debt management of MSME Players in Kwala Serapuh Village, Langkat

This study aims to analyze the effect of financial management implementation on the profitability of Micro, Small and Medium Enterprises (MSMEs) through debt management. The case study was conducted on MSME players in Kwala Serapuh Village. Good financial management is key to the sustainability and success of a business, especially MSMEs that have limitations in terms of capital and resources. This research uses quantitative methods by distributing questionnaires to MSME actors in Kwala Serapuh Village. The number of samples in this study were 50 respondents of MSME actors. Data analysis was carried out using the Partial Least Square (PLS) method using SmartPLS version 4 software. PLS is one of the methods of solving Structural Equation Modeling (SEM). The results showed that the variable of financial management implementation has a positive and significant influence on debt management. The variable of financial management implementation has a positive and significant influence on the profitability of MSMEs. The debt management variable has a positive and significant influence on the profitability of MSMEs. The variable of financial management implementation on MSME profitability through debt management has a positive and significant influence on MSME profitability. The debt management variable can be influenced by the application of financial management by 76.1% and the remaining 23.9% is influenced by other variables outside those studied. While the MSME profitability variable can be influenced by the application of financial management and debt management by 50.9% and the rest is influenced by other variables outside the study.

PENGARUH OPINI AUDIT, REPORTING DELAY, PROFITABILITAS, SOLVABILITAS, DAN LIKUIDITAS TERHADAP HARGA SAHAM

This study aims to examine the effect of Audit Opinion, Reporting Delay, Profitability, Solvency, and Liquidity on Stock Prices. The technique of taking samples using purposive sampling method. The data used in this study is secondary data in the form of annual financial reports from 32 banking companies listed on the Indonesia Stock Exchange (IDX) during the period 2019 – 2021. Data analysis was carried out using the SPSS application version 25 for windows. The results of the T-TEST showed that the significance value of the audit opinion variable was 0.468, the significance value of the reporting delay variable was 0.840, the significance value of the profitability variable was 0.000, the significance value of the solvency variable was 0.543, the significance value of the liquidity variable was 0.011. Then the results of the F TEST obtain a probability value of 0.001 which is smaller than the significance value of 0.05. Based on these results it can be concluded that, partially, the profitability variable has a significant positive effect on stock prices and the liquidity variable has a significant negative effect on stock prices. while for the variable audit opinion, reporting delay, and solvency, have no significant effect on stock prices. Then simultaneously concluded that the variables of audit opinion, reporting delay, profitability, solvency, and liquidity together have a significant effect on stock prices.

Economic Assessment of Soybean Production in Amravati District: Costs, Returns, and Farm Size Dynamics

The research estimated the cost and returns of soybean production in the Amravati district of Maharashtra, a key region for soybean cultivation in India. Primary data was collected from 120 farmers across different farm sizes (small, medium, and large) through personal interviews and structured questionnaires. The study assessed the economic dynamics of soybean farming by examining inputs such as human labour, bullock labour, seeds, fertilizers, mechanization, and plant protection costs, and analyzed the output in terms of yields and profitability. The findings revealed significant variations in resource allocation and profitability across farm sizes. Small farmers incurred higher costs, particularly in labour due to limited mechanization, compared to medium and large farmers. The per quintal cost of production for overall farmers was Rs. 4002.20. In contrast, large farms benefited from economies of scale, with lower production cost (Cost C3: Rs. 60,878.89/ha) compared to small (Rs. 62,755.14/ha) and medium farms (Rs. 63,009.94/ha). Medium-sized farmers emerged as the most profitable, showing the best balance between input costs and returns, with a gross return of Rs. 72,597.99/ha. The overall input-output ratio for soybean cultivation indicates profitability, with a ratio of 1.14 at Cost C3. The study emphasized the potential for improving efficiency in farms through strategic investments in mechanization and better resource management. By enhancing productivity, such measures can help bridge the gap between local and global soybean productivity levels and give economic stability to soybean farmers in the region.

Pengaruh Profitabilitas, Likuiditas, Dan Aktivitas Terhadap Struktur Modal (Studi pada Perusahaan Sektor Konsumen (Kode E) Bukan Primer yang Terdaftar pada BEI Tahun 2015-2023)

The use of the economy in Indonesia has driven change, including increased corporate activity in the capital market which is essential to compete for access to financial instruments. Financial statements, especially equity, are a key indicator of company performance. A decrease in equity can affect investor confidence and future company growth. This study aims to analyze the effect of profitability, liquidity, and activity on capital structure in non-primary consumer sector companies listed on the Indonesia Stock Exchange during 2015-2023. The methodology used is multiple linear regression analysis with independent variables of profitability (Return on Equity), liquidity (Current Ratio), and activity (Total Asset Turnover), while the dependent variable is Debt-to-Equity Ratio as an indicator of capital structure. The result shows that profitability and activity have significant effect on capital structure, while liquidity has no significant effect. This conclusion emphasizes the importance of the company's ability to generate profits and manage assets to determine the capital structure.