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"Tujuan penelitian ini untuk menguji pengaruh likuiditas (CR), leverage (DER), pertumbuhan, aktivitas (TATO) dan profitabilitas (ROA) terhadap nilai perusahaan dengan dimoderasi oleh ESG Disclosure. Penelitian ini menggunakan pendekatan kuantitatif. Populasi penelitian menggunakan perusahaan selain sektor keuangan yang terdaftar di Bursa Efek Indonesia. Metode purposive sampling digunakan untuk mendapatkan sampel dan diperoleh 72 perusahaan. Penelitian menggunakan metode analisis data panel dan moderated regression analysis dalam melakukan analisis data. Hasil penelitian ini didapatkan bahwa likuiditas dan aktivitas tidak berpengaruh terhadap nilai perusahaan sedangkan leverage, pertumbuhan, dan profitabilitas berpengaruh terhadap nilai perusahaan. ESG Disclosure memiliki pengaruh memperlemah hubungan leverage dengan nilai perusahaan dan profitabilitas dengan nilai perusahaan. ESG Disclosure mampu memperkuat hubungan antara aktivitas dan nilai perusahaan. Namun tidak cukup mampu untuk memberikan dampak terhadap hubungan likuiditas dengan nilai perusahaan dan pertumbuhan dengan nilai perusahaan.

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The objective of this study is to examine the effect of liquidity (CR), leverage (DER), growth, activity (TATO), and profitability (ROA) on firm value, moderated by ESG Disclosure. This research adopts a quantitative approach. The population includes non-financial sector companies listed on the Indonesia Stock Exchange. A purposive sampling method was employed to select the sample, resulting in 72 companies. The study utilizes panel data analysis and moderated regression analysis (MRA) for data analysis. The findings reveal that liquidity and activity have no significant effect on firm value, while leverage, growth, and profitability significantly influence firm value. ESG Disclosure weakens the relationship between leverage and firm value, as well as profitability and firm value. However, ESG Disclosure strengthens the relationship between activity and firm value. Conversely, it does not significantly impact the relationships between liquidity and firm value or growth and firm value."

"Studi ini bertujuan untuk meneliti hubungan pengimplementasian ESG dan tingkat leverage terhadap likuiditas, yang digambarkan dengan Cash Conversion Cycle (CCC), pada perusahaan di emerging countries di Asia pada periode 2018-2023. Sampel yang digunakan pada penelitian ini berjumlah 191 perusahaan yang tersebar pada 6 emerging countries di kawasan Asia. Penelitian menggunakan regresi data panel dengan random effect model dalam pengolahan data/Hasil penelitian ini menunjukan bahwa implementasi ESG, yang digambarkan dengan Skor ESG memiliki pengaruh negatif tidak signifikan terhadap likuiditas perusahaan (CCC). Sedangkan, tingkat utang yang diukur dengan leverage memiliki pengaruh negatif signifikan terhadap likuiditas (CCC). Pandemi Covid-19 juga dinyatakan memiliki pengaruh positif tidak signifikan terhadap likuiditas (CCC).

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This study aims to examine the relationship between ESG implementation and the level of leverage on liquidity, described by Cash Conversion Cycle (CCC), in companies in emerging countries in Asia in the period 2018-2023. The sample used in this study amounted to 191 companies spread across 6 emerging countries in the Asian region. The study used panel data regression with a random effect model in data processing / The results of this study indicate that ESG implementation, which is described by ESG Score, has a negative and insignificant effect on corporate liquidity (CCC). Meanwhile, the level of debt as measured by leverage has a significant negative effect on liquidity (CCC). The Covid-19 pandemic is also stated to have an insignificant positive influence on liquidity (CCC)."

"Penelitian ini bertujuan untuk menguji pengaruh asimetri informasi terhadap nilai perusahaan, serta efek moderasi tingkat leverage dan peluang pertumbuhan terhadap pengaruh tersebut. Penelitian dilakukan dengan menggunakan data 171 perusahaan yang terdaftar dalam Bursa Efek Indonesia BEI pada tahun 2011 hingga 2015. Hasil penelitian ini menunjukkan bahwa asimetri informasi berpengaruh negatif terhadap nilai perusahaan. Hal ini menunjukkan bahwa asimetri informasi yang terdapat di dalam suatu perusahaan dapat menurunkan nilai perusahaan tersebut karena adanya biaya keagenan. Hasil penelitian ini juga menunjukkan bahwa tingkat leverage dapat memperlemah pengaruh negatif asimetri informasi terhadap nilai perusahaan. Hal ini dikarenakan tingkat leverage dapat mengurangi biaya keagenan, karena adanya pengawasan yang lebih ketat dari pihak kreditur. Selain itu, penelitian ini menunjukkan bahwa peluang pertumbuhan perusahaan dapat memperkuat pengaruh negatif asimetri informasi terhadap nilai perusahaan dikarenakan perusahaan yang memiliki peluang pertumbuhan cenderung memiliki proyek-proyek yang tidak pasti dan sulit diprediksi, sehingga dapat meningkatkan biaya keagenan. Oleh karena itu, tingkat leverage dan peluang pertumbuhan terbukti dapat memoderasi pengaruh asimetri informasi terhadap nilai perusahaan.

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This study is aimed to examine the effect of information asymmetry to firm value and the moderating effects of leverage and growth opportunities towards the effect of information asymmetry to firm value. The study is conducted on 171 companies that are listed in Indonesia Stock Exchange BEI from 2011 to 2015.

The research shows that information asymmetry has negative impact on firm value. It indicates that information asymmetry can reduce firm value due to the presence of agency cost. The result also shows that leverage can weaken the negative effect of information asymmetry on firm value. It is mainly due to the tendency of leverage to reduce agency cost, because bondholders may perform an important monitoring function that can enhance transparency.

Moreover, the result shows that growth opportunity can strengthen the negative effect of information asymmetry on firm value, because firms with growth opportunity tends to have unpredictable projects which can increase the agency cost. Therefore, the ability of leverage and growth opportunities to moderate the effect of information asymmetry on firm value is proved."

"Penelitian ini menguji faktor-faktor yang mempengaruhi ISR yaitu leverage, likuiditas dan porsi kepemilikan publik atas saham. Penelitian ini juga menguji ulang pengaruh variabel profitabilitas dan ukuran perusahaan terhadap ISR. ISR (Islamic Social Reporting) merupakan indeks pengungkapan tanggung jawab sosial yang sesuai dengan prinsip syariah. Bagi para pengguna laporan perusahaan yang muslim, pengungkapan tanggung jawab sosial merupakan bentuk pertanggung jawab bagi Allah SWT dan juga digunakan sebagai salah satu sumber informasi yang menjadi bahan pertimbangan. Oleh karena itu bahan observasi dalam penelitian ini adalah Jakarta Islamic Indeks, yang merupakan indeks yang menggambarkan saham syariah di Indonesia.Hasil penelitian ini membuktikan bahwa profitabilitas dan ukuran perusahaan mempunyai pengaruh yang signifikan terhadap pengungkapan ISR sesuai dengan penelitian-penelitian sebelumnya. Sedangkan untuk leverage, likuiditas dan juga porsi kepemilikan publik atas saham tidak memiliki pengaruh yang signifikan terhadap pengungkapan ISR.

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This study aims to examine the factors that affect ISR such as leverage, liquidity, and public ownership shareholders. This study also reexamine influence profitability and firm size to disclosure of ISR. ISR (Islamic Social Reporting) is a social responsibility disclosure index accordance to the sharia principles. For muslim firm report user, The social responsibility disclosure is accountability to Allah SWT and also one of source information which can be taken into consideration to make decision. Therefore, the subject of observation in this study is the Jakarta Islamic Index that describes the share of sharia in Indonesia.

The result proves that profitability and firm size had significant effect to ISR disclosure which consistence with the all research before. While for leverage, likuidity and public ownership shareholder doesn?t have significant effect to ISR disclosure."

"Penelitian ini bertujuan untuk mengetahui : (1) Pengaruh pengungkapan lingkungan terhadap nilai perusahaan (2) Pengaruh pengungkapan lingkungan terhadap nilai perusahaan dengan profitabilitas sebagai variabel moderasi. Sampel penelitian ini terdiri dari 68 observasi perusahaan pertambangan dari tahun 2008 sampai dengan tahun 2010 yang terdaftar di Bursa Efek Indonesia. Analisis regresi berganda digunakan untuk menguji hipotesis dalam penelitian ini.Hasil penelitian menunjukkan bahwa pengungkapan lingkungan berpengaruh signifikan terhadap nilai perusahaan. Namun, profitabilitas sebagai variabel moderasi dalam hubungan antara pengungkapan lingkungan dengan nilai perusahaan tidak berpengaruh signifikan.

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The objective of this study is to examine : (1) The impact of environmental disclosure on corporate value (2) The impact of environmental disclosure on corporate value with profitability as the moderating variable. The sample of this study consist of 68 observations from mining company sector which listed in Indonesia Stock Exchange from 2008 to 2010. Multiple regression analysis is used to test the hypothesis in this research.

The result of this study shows that the impact of environmental disclosure has significant influence towards corporate value. But, profitability as the moderating variable in relation between environmental disclosure and corporate value has not significant influence."

"Penelitian ini menguji pengaruh likuiditas dan leverage keuangan terhadap profitabilitas perusahaan. Sampel yang digunakan adalah perusahaan non keuangan yang tercatat di Bursa Efek Indonesia selama periode tahun 2012 sampai 2016. Penelitian menggunakan regresi data panel dengan Fixed Effect Model FEM. Berdasarkan hasil model regresi, terdapat pengaruh positif antara leverage keuangan FLEV dan operating cash flow margin OCFM dengan rerturn on assets ROA sebagai proksi atas profitabilitas perusahaan.

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This study examines the effect of operational liquidity and financial leverage on firm profitability. The sample used is a non financial company listed on Bursa Efek Indonesia BEI during the period 2012 to 2016. The study used panel data regression with Fixed Effect Model FEM. Based on the result of regression model, there is possitive influence between financial leverage FLEV and operating cash flow margin OCFM with rerturn on assets ROA as a proxy for company performance. Keywords liquidity, financial leverage and firm profitability."

"Penelitian ini bertujuan untuk melihat pengaruh dari risiko kredit dan risiko likuiditas terhadap profitabilitas perbankan pada masa pandemi COVID-19 pada periode penelitian tahun 2018-2021 dengan sampel penelitian 35 bank yang terdaftar di Bursa Efek Indonesia. Penelitian ini menggunakan metode analisis linier berganda dan uji parsial (uji-t) dengan rasio ROA, ROE, dan NIM sebagai variabel dependen, kemudian risiko kredit (NPL) dan risiko likuiditas (LDR) sebagai variabel independen dan rasio Equity to Asset, dan Diversification sebagai variabel kontrol. Hasil penelitian menunjukkan bahwa pada saat sebelum dan selama pandemi, risiko kredit (NPL) berpengaruh negatif dan signifikan terhadap profitabilitas perbankan, kemudian risiko likuiditas (LDR) berpengaruh positif dan tidak signifikan terhadap profitabilitas perbankan.

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This study aims to see the effect of credit risk and liquidity risk on banking profitability during the COVID-19 pandemic in the 2018-2021 research period with a research sample of 35 banks listed on the Indonesia Stock Exchange. This research uses multiple linear analysis methods and a partial test (t-test) with ROA, ROE, and NIM ratios as dependent variables, credit risk (NPL) and liquidity risk (LDR) as independent variables, and Equity to Asset, and Diversification ratios as control variables. The results showed that before and during the pandemic, credit risk (NPL) had a negative and significant effect on banking profitability, then liquidity risk (LDR) had a positive and insignificant effect on banking profitability."

"ABSTRAKPenelitian ini merupakan studi empiris yang bertujuan untuk menemukan fakta terkait kinerja perusahaan di Bursa Efek Indonesia, serta untuk membuktikan ada atau tidaknya pengaruh leverage, ukuran perusahaan, umur perusahaan, suku bunga, GDP growth, dan krisis 2008 terhadap kinerja perusahaan. Studi ini menggunakan sampel perusahaan-perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia. Kinerja perusahaan diukur dengan menggunakan ROE. Pengolahan data penelitian dilakukan dengan metode Ordinary Least Square (OLS) untuk data panel, yaitu data cross section dan data time series, periode 2007 sampai dengan 2015. Pengambilan sampel dengan purposive sampling. Penelitian menemukan bahwa pertama, leverage dan krisis 2008 memiliki pengaruh signifikan dan bersifat positif terhadap ROE. Kedua, ukuran perusahaan dan suku bunga memiliki pengaruh signifikan dan bersifat negatif terhadap ROE. Ketiga, ukuran perusahaan tidak dapat memoderasi pengaruh leverage terhadap ROE. Keempat, umur perusahaan dan GDP growth tidak memiliki pengaruh signifikan terhadap ROE.

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ABSTRACTThis research is an empirical study that aims to find facts related to the firm performance in Indonesia Stock Exchange, as well as to prove the influence of leverage, firm size, firm age, interest rate, GDP growth and the financial crisis to the firm performance. This study used the samples of the manufacture companies listed in Indonesia Stock Exchange. Firm performance measured using ROE. Model in this research is multiple regression model which conducted by Ordinary Least Square (OLS) for panel data, namely, the data of cross section and time series from the period 2007 to 2015. The sampling was purposive sampling. This study found that first, the leverage and financial krisis has a significant and positive effect on ROE. Second, firm size and interest rate has a significant and negative effect on ROE. Third, firm size can?t moderate the leverage-performance relationship. Fourth, firm age and GDP growth don?t have significant effect on ROE"

"Skripsi ini berisikan mengenai penelitian yang menganalisis pengaruh leverage dan likuiditas pada manajemen pendapatan dan modal pada bank umum yang terdaftar di bursa efek Indonesia (BEI) tahun 2010-2015, penelitian ini menggunakan sampel 29 bank umum yang terdaftar pada tahun 2009 di BEI serta mengacu pada peraturan yang ditetapkan dalam peraturan bank Indonesia yaitu Basel III. Loans Loss Provisions (LLP) mewakili perhitungan manajemen modal dan pendapatan, Hasil dari penelitian ini membuktikan bahwa leverage dan likuiditas berperan dalam manajemen modal dan pendapatan. Ketika leverage meningkat maka terdapat peningkatan terhadap nilai LLP, hal ini berlaku juga pada likuiditas hasil penelitian ini menungkapkan ketika likuiditas meningkat terdapat peningkatan terhadap LLP. Teknik pengujian yang terpilih dalam penelitian ini ialah Random Effect Model (REM). Kesimpulan penelitian ini dengan menjaga kestabilan leverage dan likuiditas yang ada pada perusahaan dapat berpengaruh pada modal dan pendapatannya.

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This reseach contains the study to analyze the effect of leverage and liquidity on eanings and capital management in commercial banks listed on the Indonesia Stock Exchange (BEI) period 2010-2015. This study used a sample of 29 commercial banks listed on the Stock Exchange in 2009 and refers to the rules that laid down in the regulations, Basel III. Loans loss provisions (LLP) represents management's calculation of earnings and capital, results from this study demonstrate that leverage and liquidity play a role in the management of earnings and capital. When leverage increases, there is an increase in the value of LLP. It applies also to the results of liquidity, when liquidity increases there is an increase in the value of LLP. Random Effect Model (REM) is the chosen techinal testing in this study. The conclusion of this study is to maintain the stability of leverage and liquidity in the company because it affects to the earnings and capital."

"[ABSTRAKBank dalam menjalankan pengelolaan likuiditasnya mempunyai potensikeuntungan dan kerugian yang selalu mengikuti. Untuk mengendalikan risikotersebut perlu suatu proses manajemen risiko yang memadai, mulai dariidentifikasi risiko, pengukuran risiko hingga implementasi mitigasi risiko.Pengukuran risiko likuiditas pada Bank Sinarmas yaitu menggunakan LiquidityCoverage Ratio. Penyediaan likuiditas sangat penting untuk mengantisipasiadanya kebutuhan likuiditas sehingga dapat mengcover kewajiban Bank baikdalam kondisi normal maupun krisis. Namun demikian, penyediaan likuiditastidak boleh tersedia secara berlebihan karena timbul biaya likuiditas yang harusditanggung oleh Bank. Oleh karena itu, diperlukan penetapan limit biayapengelolaan likuiditas yang bersedia di tanggung oleh Bank berdasarkan riskappetite dari management serta batas limit maksimum Liquidity Coverage Ratioharus ditetapkan oleh Bank. Penetapan limit tersebut merupakan hal pentingdalam proses mitigasi risiko agar pendapatan yang hilang karena adanyapenyediaan likuiditas dapat diminimalkan sehingga dapat tercipta peningkatanlaba bagi Bank. Data yang diperoleh dalam penelitian ini merupakan komponendari Liquidity Coverage Ratio Bank Sinarmas selama 3 Tahun (2012-2014).Metode dalam penelitian ini secara kuantitatif. Pada kondisi saat ini BankSinarmas belum melakukan pengelolaan likuiditas jangka pendeknya secaraefektif. Hal ini terbukti dari hasil perhitungan rata-rata Liquidity Coverage Ratioyang masih tinggi yaitu 206.01%. Bahkan pernah tertinggi sebesar 392% padabulan Juli 2014. Regulator menetapkan batas Liquidity Coverage Ratio minimumsebesar 100%. Dengan adanya, penetapan pengelolaan biaya pemeliharaanlikuiditas maksimum dan penetapan limit maksimum Liquidity Coverage Ratiodiharapkan dapat diimplementasikan oleh Bank Sinarmas sehingga dapat terciptapeningkatan laba bagi Bank

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ABSTRACTBank in carrying out liquidity management always followed with potential gainsand losses. There should be an adequate risk management process to manage theserisks, starting from risk identification, risk measurement to risk mitigationimplementation. Liquidity risk measurement in Bank Sinarmas using LiquidityCoverage Ratio. The providing of liquidity is very important to anticipate liquidityneeds so as to cover the liabilities of the Bank both in normal and crisisconditions. However, the providing of liquidity should not be available to excessliquidity because there will be costs to be borne by the Bank. Therefore, it isnecessary to establish limit liquidity management fee paid by the Bank preparedbased on the risk appetite by management as well as the maximum limit of theLiquidity Coverage Ratio must be determined by the Bank. The limit settingprocess is important in order to mitigate the risk of lost revenue due to theproviding of liquidity could be minimized so as to create an increase in profits forthe Bank. Data obtained in this study is a component of the Liquidity CoverageRatio Bank Sinarmas for 3 years (2012-2014). The method in this research isquantitative. In the current conditions the Bank Sinarmas not do short-termliquidity management effectively. This is evident from the results of thecalculation of average Liquidity Coverage Ratio are still high at 206.01%. Thehighest ever amounted to 392% in July 2014. Regulator set a minimum limit ofthe Liquidity Coverage Ratio at 100%. With the, determination of maximumliquidity management of maintenance costs and maximum limits LiquidityCoverage Ratio is expected to be implemented by the Bank Sinarmas so as tocreate an increased Bank profitability;Bank in carrying out liquidity management always followed with potential gainsand losses. There should be an adequate risk management process to manage theserisks, starting from risk identification, risk measurement to risk mitigationimplementation. Liquidity risk measurement in Bank Sinarmas using LiquidityCoverage Ratio. The providing of liquidity is very important to anticipate liquidityneeds so as to cover the liabilities of the Bank both in normal and crisisconditions. However, the providing of liquidity should not be available to excessliquidity because there will be costs to be borne by the Bank. Therefore, it isnecessary to establish limit liquidity management fee paid by the Bank preparedbased on the risk appetite by management as well as the maximum limit of theLiquidity Coverage Ratio must be determined by the Bank. The limit settingprocess is important in order to mitigate the risk of lost revenue due to theproviding of liquidity could be minimized so as to create an increase in profits forthe Bank. Data obtained in this study is a component of the Liquidity CoverageRatio Bank Sinarmas for 3 years (2012-2014). The method in this research isquantitative. In the current conditions the Bank Sinarmas not do short-termliquidity management effectively. This is evident from the results of thecalculation of average Liquidity Coverage Ratio are still high at 206.01%. Thehighest ever amounted to 392% in July 2014. Regulator set a minimum limit ofthe Liquidity Coverage Ratio at 100%. With the, determination of maximumliquidity management of maintenance costs and maximum limits LiquidityCoverage Ratio is expected to be implemented by the Bank Sinarmas so as tocreate an increased Bank profitability;Bank in carrying out liquidity management always followed with potential gainsand losses. There should be an adequate risk management process to manage theserisks, starting from risk identification, risk measurement to risk mitigationimplementation. Liquidity risk measurement in Bank Sinarmas using LiquidityCoverage Ratio. The providing of liquidity is very important to anticipate liquidityneeds so as to cover the liabilities of the Bank both in normal and crisisconditions. However, the providing of liquidity should not be available to excessliquidity because there will be costs to be borne by the Bank. Therefore, it isnecessary to establish limit liquidity management fee paid by the Bank preparedbased on the risk appetite by management as well as the maximum limit of theLiquidity Coverage Ratio must be determined by the Bank. The limit settingprocess is important in order to mitigate the risk of lost revenue due to theproviding of liquidity could be minimized so as to create an increase in profits forthe Bank. Data obtained in this study is a component of the Liquidity CoverageRatio Bank Sinarmas for 3 years (2012-2014). The method in this research isquantitative. In the current conditions the Bank Sinarmas not do short-termliquidity management effectively. This is evident from the results of thecalculation of average Liquidity Coverage Ratio are still high at 206.01%. Thehighest ever amounted to 392% in July 2014. Regulator set a minimum limit ofthe Liquidity Coverage Ratio at 100%. With the, determination of maximumliquidity management of maintenance costs and maximum limits LiquidityCoverage Ratio is expected to be implemented by the Bank Sinarmas so as tocreate an increased Bank profitability;Bank in carrying out liquidity management always followed with potential gainsand losses. There should be an adequate risk management process to manage theserisks, starting from risk identification, risk measurement to risk mitigationimplementation. Liquidity risk measurement in Bank Sinarmas using LiquidityCoverage Ratio. The providing of liquidity is very important to anticipate liquidityneeds so as to cover the liabilities of the Bank both in normal and crisisconditions. However, the providing of liquidity should not be available to excessliquidity because there will be costs to be borne by the Bank. Therefore, it isnecessary to establish limit liquidity management fee paid by the Bank preparedbased on the risk appetite by management as well as the maximum limit of theLiquidity Coverage Ratio must be determined by the Bank. The limit settingprocess is important in order to mitigate the risk of lost revenue due to theproviding of liquidity could be minimized so as to create an increase in profits forthe Bank. Data obtained in this study is a component of the Liquidity CoverageRatio Bank Sinarmas for 3 years (2012-2014). The method in this research isquantitative. In the current conditions the Bank Sinarmas not do short-termliquidity management effectively. This is evident from the results of thecalculation of average Liquidity Coverage Ratio are still high at 206.01%. Thehighest ever amounted to 392% in July 2014. Regulator set a minimum limit ofthe Liquidity Coverage Ratio at 100%. With the, determination of maximumliquidity management of maintenance costs and maximum limits LiquidityCoverage Ratio is expected to be implemented by the Bank Sinarmas so as tocreate an increased Bank profitability, Bank in carrying out liquidity management always followed with potential gainsand losses. There should be an adequate risk management process to manage theserisks, starting from risk identification, risk measurement to risk mitigationimplementation. Liquidity risk measurement in Bank Sinarmas using LiquidityCoverage Ratio. The providing of liquidity is very important to anticipate liquidityneeds so as to cover the liabilities of the Bank both in normal and crisisconditions. However, the providing of liquidity should not be available to excessliquidity because there will be costs to be borne by the Bank. Therefore, it isnecessary to establish limit liquidity management fee paid by the Bank preparedbased on the risk appetite by management as well as the maximum limit of theLiquidity Coverage Ratio must be determined by the Bank. The limit settingprocess is important in order to mitigate the risk of lost revenue due to theproviding of liquidity could be minimized so as to create an increase in profits forthe Bank. Data obtained in this study is a component of the Liquidity CoverageRatio Bank Sinarmas for 3 years (2012-2014). The method in this research isquantitative. In the current conditions the Bank Sinarmas not do short-termliquidity management effectively. This is evident from the results of thecalculation of average Liquidity Coverage Ratio are still high at 206.01%. Thehighest ever amounted to 392% in July 2014. Regulator set a minimum limit ofthe Liquidity Coverage Ratio at 100%. With the, determination of maximumliquidity management of maintenance costs and maximum limits LiquidityCoverage Ratio is expected to be implemented by the Bank Sinarmas so as tocreate an increased Bank profitability]"