Fin Sinergy: Jurnal Manajemen Keuangan

The Influence Of Inflation, Market Size And Company Size On Capital Structure On The Indonesian Stock Exchange

2024-12-19T01:20:56-05:00

This research is quantitative research. The aim of this research is to find out whether The Influence Of Inflation, Market sizeAnd Company Size On Capital Structure On The Indonesian Stock Exchange on the Indonesian Stock Exchange. 12 corporate bonds were obtained from 11 issuing banking sector companies as samples. The CR variable has a positive but insignificant effect on the DER ratio of banking sector companies that issue bonds and are listed on the Indonesia Stock Exchange (IDX) during the 2021-2023 period. The SIZE variable has a positive and significant effect on the DER of banking sector companies that issue bonds and are listed on the Indonesia Stock Exchange. Market Size variable has a negative and significant effect on the DER of banking sector companies that issue bonds and are listed on the Indonesia Stock Exchange. All independent variables consisting of; Company Size (SIZE), Inflation, and Interest Rate (IR) together significantly affect the Capital Structure (DER) of banking sector companies that issue bonds and are listed on the Indonesia Stock Exchange

Financial Management Strategy Of UMKM In Syirkah Berkah Bersama Cooperative Sidoarjo

2024-12-23T02:17:54-05:00

This study aims to analyze the financial management strategies implemented by Micro, Small, and Medium Enterprises (MSMEs) in the Syirkah Berkah Cooperative, Sidoarjo. In the context of the Indonesian economy, MSMEs have a very important role in creating jobs and contributing to Gross Domestic Product (GDP). However, many MSMEs face challenges in financial management that can hinder business growth and sustainability. This study uses a qualitative approach with a case study method, where data is collected through in-depth interviews with MSME owners and direct observation of the financial management practices implemented. The results of the study indicate that although many MSMEs in the Syirkah Berkah Cooperative still use simple financial recording methods, they have implemented several effective financial management strategies. These strategies include good budget planning, routine transaction recording, and cost control to improve efficiency. In addition, this study also identifies the need for further training on financial management and better access to financial information. Thus, this study makes an important contribution to understanding how financial management strategies can help MSMEs in the Syirkah Berkah Cooperative to improve financial resilience and support local economic growth. It is hoped that the results of this study can be a reference for business actors and researchers in the field of MSME financial management in Indonesia.

The Influence of Exports, Imports, and Inflation on the Rupiah Exchange Rate to USD for the 2019-2023 Period

2025-01-29T21:06:48-05:00

This research aims to analyze the influence of exports, imports, inflation on a country's currency exchange rate. In the context of the global economy, the exchange rate is an important indicator which is influenced by various factors, including the trade balance consisting of exports and imports. The method used in this research is multiple linear regression analysis with secondary data taken from trade and exchange rate statistical reports during a certain period. The research results show that there is a significant relationship between exports and the exchange rate, where increasing exports tends to strengthen the currency exchange rate. Conversely, high imports can cause exchange rate depreciation. These findings provide important insights for policy makers in formulating trade strategies that can support exchange rate stability.

The Influence of Total Asset Turnover (TATO) and Return on Assets (ROA) on Share Prices at PT. Wilmar Cahaya Indonesia Tbk Period 2013-2022

2025-01-29T21:53:03-05:00

This study aims to determine the partial effect of Return on Assets (ROA) and Current Ratio on Stock Prices and to examine the simultaneous influence of Return on Assets and Current Ratio on Stock Prices. The selected research object is the financial statements of PT Ultrajaya Milk Industry & Company Tbk, with the research subjects being the balance sheet, income statement, and stock summary of PT Ultrajaya Milk Industry & Company. This study employs a quantitative approach, with data analysis techniques including descriptive analysis and statistical analysis (classical assumption test, regression analysis, coefficient analysis, and hypothesis testing). The results of the study, using the T-test, aim to determine whether there is an effect between Total Asset Turnover and Return on Assets on Stock Prices during the 2013–2022 period. The method used in this research is descriptive quantitative, utilizing the financial statements of PT Wilmar Cahaya Indonesia Tbk for the 2013–2022 period, which is listed on the Indonesia Stock Exchange (IDX). The data analysis applied includes descriptive statistical tests, classical assumption tests, regression analysis, correlation coefficient analysis, hypothesis testing, and determination coefficient analysis, using SPSS version 25 software. The research results show that Total Asset Turnover has a t-value of -0.927 < 2.364 with a significance level of 0.385 > 0.05, indicating that Total Asset Turnover does not have a significant effect on Stock Prices. Meanwhile, the Return on Assets (ROA) test results indicate a t-value of -0.335 < 2.364 with a significance level of 0.747 > 0.05, leading to the conclusion that Return on Assets is not a significant determinant of Stock Prices. The determination coefficient (KD) test shows that the determination coefficient (R²) = KD = -0.113 × 100% = -11.3%. This means that Total Asset Turnover and Return on Assets have an impact equal to zero, implying no contribution of these independent variables to Stock Prices. However, Return on Assets and Current Ratio have a significant impact on Stock Prices. The simultaneous test using the F-test confirms that Return on Assets and Current Ratio significantly influence Stock Prices.

The Influence of the Current Ratio and Debt Ratio on Profitability at PT. Indocement Tunggal Prakarsa Tbk for the 2013-2022 Period

2025-01-29T21:52:20-05:00

This study aims to determine the effect of the Current Ratio and Debt to Equity Ratio on Return on Assets at PT Indocement Tunggal Prakarsa Tbk for the period 2013–2022. The research method used in this study is a quantitative associative approach, utilizing secondary data obtained from the financial reports of PT Indocement Tunggal Prakarsa Tbk from 2013 to 2022. The data analysis techniques employed include Descriptive Testing, Classical Assumption Testing, Multiple Linear Regression, and hypothesis testing both partially and simultaneously, with the assistance of SPSS 26. The results of this study indicate that the research meets the classical assumption test. From the results of multiple linear regression analysis, the following equation is obtained: Y = -22.840 + 5.853 X₁ + 50.941 X₂. The findings further reveal that, partially, the Current Ratio significantly influences Return on Assets, with a significance value of 0.004 < 0.05 and a t-value of 4.275 > t-table 2.36462. Conversely, the Debt to Equity Ratio does not affect Return on Assets, as indicated by a significance value of 0.162 > 0.05 and a t-value of 1.563 < t-table 2.36462. However, simultaneously, the Current Ratio and Debt to Equity Ratio influence Return on Assets at PT Indocement Tunggal Prakarsa Tbk, with a significance value of 0.003 < 0.05 and an F-value of 14.921 > F-table 4.74. The contribution of the independent variables to the dependent variable (KD) is 89.6%, while the remaining 10.4% is influenced by other research factors

The Effect Of Leverage And Company Size On Company Value Of PT. Alam Sutera Realty Tbk Period 2013-2022

2025-01-29T21:51:23-05:00

This study aims to determine whether there is a significant influence between Leverage (DAR) and Company Size (Size) on Company Value (PBV). The method used in this study is a quantitative method by taking Financial Report data from PT Alam Sutera Realty Tbk for the 2013-2022 period. Data analysis uses descriptive statistical analysis, classical assumption tests, simple linear regression analysis, multiple linear regression analysis, hypothesis testing and coefficient of determination. The results of this study indicate that partially the Leverage variable as measured by the Debt to Asset Ratio (DAR) has no effect on Company Value as measured by Price Book Value (PBV), and the Company Size variable as measured by Size has a significant effect on company value. Simultaneously, Leverage and Company Size have an effect on company value, where F count is 19,556 while F table is 4.46 with a significance level of 0.001b. So F count 19,556> 4.46 F table and significance of 0.001b <0.05. Based on the Determination Coefficient Test, the results are 0.848 or 84.8%. This shows that the influence of Leverage (DAR) and Company Size (Size) on Company Value (PBV) is 84.8%, which means that the influence of these two ratios is very large and around 15.2% is influenced by other variables that are not examined in this study.