This study aims to obtain empirical evidence and analyze the influence of debt and policy policies dividends on firm value with company size as a moderating variable (an empirical study of property and real estate companies listed on the Indonesia Stock Exchange for the 2017-2019 period). The population in this study are mining companies listed on the Indonesia Stock Exchange in 2017-2019. Selection of the sample in this study using techniques Purposive sampling, and obtained as many as 11 companies or 33 samples that can be used in this study. The analytical method used in this study is multiple linear regression, and using Metode Regression Analysis with the classical assumption test used data normality test, multicollinearity, heteroscedasticity and autocorrelation test. This research also uses a descriptive statistical test used to provide an overview of the object studied through the research sample. The results of this study indicate that debt policy has a significant effect on firm value, policy dividends do not affect firm value, firm size weakens the effect of debt policy on firm value, and firm size weakens the effect of dividend policy on firm value.
{"title":"THE EFFECT OF DEBT POLICY AND DIVIDEND POLICY ON COMPANY VALUE WITH COMPANY SIZE AS A MODERATION VARIABLE","authors":"Suryani, Ranti Melasari","doi":"10.61167/mnk.v1i2.46","DOIUrl":"https://doi.org/10.61167/mnk.v1i2.46","url":null,"abstract":"This study aims to obtain empirical evidence and analyze the influence of debt and policy policies dividends on firm value with company size as a moderating variable (an empirical study of property and real estate companies listed on the Indonesia Stock Exchange for the 2017-2019 period). The population in this study are mining companies listed on the Indonesia Stock Exchange in 2017-2019. Selection of the sample in this study using techniques Purposive sampling, and obtained as many as 11 companies or 33 samples that can be used in this study. The analytical method used in this study is multiple linear regression, and using Metode Regression Analysis with the classical assumption test used data normality test, multicollinearity, heteroscedasticity and autocorrelation test. This research also uses a descriptive statistical test used to provide an overview of the object studied through the research sample. The results of this study indicate that debt policy has a significant effect on firm value, policy dividends do not affect firm value, firm size weakens the effect of debt policy on firm value, and firm size weakens the effect of dividend policy on firm value.","PeriodicalId":106359,"journal":{"name":"MANKEU (JURNAL MANAJEMEN KEUANGAN)","volume":"175 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117030934","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This research was conducted to measure the financial performance of telecommunications companies listed on the Indonesia Stock Exchange. The purpose of this study is to find out and analyze the financial performance of telecommunication companies listed on the IDX in 2016-2021 using the method Dupont system. Research population conducted by researchers are 6 companies in the field of telecommunications. The sample of this research using purposive sampling method is 5 telecommunication companies with 6 years period. The data analysis used in this study used a descriptive method with a quantitative approach and to measure financial performance in this study the test tool used was analysisDupont system using industry averagesNet Profit Margin (NPM), Total Asset Turnover (TATO) and Return On Investment (ROI) (Du Pont) throughout the period of the company as a comparison of performance in each company. The results of the study show that the financial performance of telecommunications companies listed on the Indonesia Stock Exchange is calculated using Dupont system yet good, with valueReturn On Investment (ROI) (Du Pont) decrease. This is due to a decrease in value Net Profit Margin (NPM) andTotal Assets Turnover (TATO) in every company. Of the five companies studied, namely PT Bakrie Telekom Tbk, PT Indosat Tbk, PT Smartfren Tbk, PT XL Axiata Tbk, and PT Telekomunikasi Indonesia Tbk, the ROI value (Du Pont) only PT.XL Axiata Tbk whose financial performance is quite good because of the ROI value (Du Pont) has a dominant value above the company's industry average. PT.XL Axiata Tbk is included in the company whose financial performance is in good criteria.
{"title":"ANALYSIS DU PONT SYSTEM IN MEASURING COMPANY FINANCIAL PERFORMANCE (CASE STUDY OF TELECOMMUNICATION COMPANIES LISTED ON THE IDX IN 2016-2021)","authors":"Ayu Lestari, Muhammad Fauzan","doi":"10.61167/mnk.v1i2.38","DOIUrl":"https://doi.org/10.61167/mnk.v1i2.38","url":null,"abstract":"This research was conducted to measure the financial performance of telecommunications companies listed on the Indonesia Stock Exchange. The purpose of this study is to find out and analyze the financial performance of telecommunication companies listed on the IDX in 2016-2021 using the method Dupont system. Research population conducted by researchers are 6 companies in the field of telecommunications. The sample of this research using purposive sampling method is 5 telecommunication companies with 6 years period. The data analysis used in this study used a descriptive method with a quantitative approach and to measure financial performance in this study the test tool used was analysisDupont system using industry averagesNet Profit Margin (NPM), Total Asset Turnover (TATO) and Return On Investment (ROI) (Du Pont) throughout the period of the company as a comparison of performance in each company. The results of the study show that the financial performance of telecommunications companies listed on the Indonesia Stock Exchange is calculated using Dupont system yet good, with valueReturn On Investment (ROI) (Du Pont) decrease. This is due to a decrease in value Net Profit Margin (NPM) andTotal Assets Turnover (TATO) in every company. Of the five companies studied, namely PT Bakrie Telekom Tbk, PT Indosat Tbk, PT Smartfren Tbk, PT XL Axiata Tbk, and PT Telekomunikasi Indonesia Tbk, the ROI value (Du Pont) only PT.XL Axiata Tbk whose financial performance is quite good because of the ROI value (Du Pont) has a dominant value above the company's industry average. PT.XL Axiata Tbk is included in the company whose financial performance is in good criteria.","PeriodicalId":106359,"journal":{"name":"MANKEU (JURNAL MANAJEMEN KEUANGAN)","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128585536","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study aims to determine differences in financial performance at PT. Mitra Adiperkasa Tbk. before and after spin-off. Sampling using saturated sampling technique (census), the sample in this study is the company's quarterly financial reports for 5 years before the spin-off and 5 years after the spin-off as many as 40 quarterly financial reports. Methods of data collection using documentation study methods, literature studies and web searching. The analysis technique used is descriptive statistics, normality test and hypothesis testing using paired sample t-test. The results showed that based on the CR (Current Ratio) variable, there were differences in the financial performance of PT. Mitra Adiperkasa Tbk before and after the spin-off. Meanwhile, the ROA (Return On Assets), DAR (Debt to Asset Ratio) and TATO (Total Asset Turnover) variables show that there is no difference in the financial performance of PT. Mitra Adiperkasa Tbk before and after the spin-off.
{"title":"COMPARATIVE ANALYSIS OF THE COMPANY'S FINANCIAL PERFORMANCE BEFORE AND AFTER CONDUCTINGSPIN-OFF AT PT. MITRA ADIPERKASA TBK.","authors":"ulia Karina, Muhammad Fauzan","doi":"10.61167/mnk.v1i1.5","DOIUrl":"https://doi.org/10.61167/mnk.v1i1.5","url":null,"abstract":"This study aims to determine differences in financial performance at PT. Mitra Adiperkasa Tbk. before and after spin-off. Sampling using saturated sampling technique (census), the sample in this study is the company's quarterly financial reports for 5 years before the spin-off and 5 years after the spin-off as many as 40 quarterly financial reports. Methods of data collection using documentation study methods, literature studies and web searching. The analysis technique used is descriptive statistics, normality test and hypothesis testing using paired sample t-test. The results showed that based on the CR (Current Ratio) variable, there were differences in the financial performance of PT. Mitra Adiperkasa Tbk before and after the spin-off. Meanwhile, the ROA (Return On Assets), DAR (Debt to Asset Ratio) and TATO (Total Asset Turnover) variables show that there is no difference in the financial performance of PT. Mitra Adiperkasa Tbk before and after the spin-off.","PeriodicalId":106359,"journal":{"name":"MANKEU (JURNAL MANAJEMEN KEUANGAN)","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117032798","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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