Jurnal Penelitian Ekonomi dan Bisnis

What Factors Affect Debt Policy During the COVID-19 Outbreak? Case of Indonesia

Khanifah Khanifah, Atiqullah Muhammad Alif, Agus Triyani, Suhita Whini Setyahuni — Mon, 30 Sep 2024 00:00:00 +0000

This research examines the influence of free cash flow and company growth on debt policy at LQ 45 Companies on the Indonesia Stock Exchange in 2018-2021. We analyze 25 companies listed in the LQ-45 index during 2018-2021, with 100 firms-years observation in total. The sample is selected based on data availability using the purposive sample technique. We analyze the data using multiple regression analysis by using E-views software. The results indicate that Free cash flow has a positive effect on debt policy, while company growth does not affect debt policy. Our research contributes to the development of agency theory, and we use the new measurement of free cash flow. We also analyze the COVID-19 outbreak factors as a control variable, which becomes our important contribution to this research.

Keywords:
Free Cash Flow
Firm Growth
Debt policy

Factors Affecting Behavioural Intentions at Hokben Restaurants in Bekasi City

Denny Septa Haryanti, Nani Hernawati, Cindy Prilyana, Totok Sugiharto — Mon, 30 Sep 2024 00:00:00 +0000

The purpose of this research is to determine the influence of Food Quality, Physical Environment Quality, Employee Service Quality, on Behavioral Intentions through Customer Perceived Value, and Customer Satisfaction which influences Pricing for HokBen customers in the city of Bekasi. This research uses primary data by collecting data through questionnaires. This research sample was obtained through a purposive sampling method and obtained 235 respondents. This research uses descriptive statistical methods with the SEM-PLS. The results of this research show that Food Quality and Employee Service Quality have an influence on Customer Perceived Value, while Physical Environment Quality has no influence on Customer Perceived Value, Customer Perceived Value and Pricing have an influence on Customer Satisfaction, and Customer Satisfaction has an influence on Behavioral Intentions.

Keywords:

Food Quality, Physical Environment Quality, Employee Service Quality, Customer Perceived Value, Pricing, Customer Satisfaction, Behavioral Intentions

Determinants of Micro and Small Business Resilience in Indonesia

Antono Herry Purnomo Adhi, Tri Hartiningsih — Mon, 30 Sep 2024 00:00:00 +0000

This study aims to identify the factors that determine the resilience of Micro and Small Enterprises in Indonesia between 2012 and 2021. Estimates use the Ordinary Least Square (OLS) method for the variables of economic growth, credit business, and perceptions of corruption to estimate the effect of resilience on MSEs. The estimation results show that the variable economic growth has an effect on the resilience of MSEs, while the variables business credit and perceptions of corruption have no effect.

Keywords:
MSE resilience
economic growth
business credit
corruption

The Role of ROA in Mediating DER, Current Ratio, and TATO on Firm Value

Adhi Widyakto, Adhi Pradiptya, Citra Andriani Kusumawati, Oktavie Fresiliasari — Mon, 30 Sep 2024 00:00:00 +0000

Abstract
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This research aims to obtain empirical evidence on the effect of debt equity ratio, current ratio and toral asset turnover on firm value through return on assets. This research was quantitative one with its secondary data obtained from annual financial statements published by companies. Its population included food and beverage companies registered in the Indonesian Stock Exchange in 2017-2022. samples were taken using purposive sampling where 52 companies were obtained. The collected data were then processed using e-views program.
Debt equity ratio had no effect on return on assets. Current ratio negatively and significantly affected return on asset. Total Asset Turnover positively and significantly affected return on asset. Debt Equity Ratio negatively and affected considerably price to book value. Current Ratio did not affect price to book value. Both total asset turnover and return on assets positively and significantly affected price to book value. Debt equity ratio affected price to book value via return on assets. Current ratio and total asset turnover had no effect on price to book value via return on asset. Sales growth and total asset turnover had no effect on price to book value via the intervening variable, i.e., return on assets. For this reason, future researchers are recommended to add more variables presumably capable of serving as an intervening variable such as return on equity. Since the samples used only included Food and Beverages companies registered in IDX 2017-2022, future research is suggested to expand the samples to allow them to capture the effects of variables that they will study.
This research made some contribution to financial management literature. The research showed different findings from the previous one, allowing them to be used as something new regarding the factors affecting profitability and firm value. The research found that total asset turnover and return on assets positively and significantly affected price to book value. Therefore, it is important for managers to pay closer attention to it to increase their firm values.

debt equity ratio, current ratio, total asset turnover, return on assets, price to book value. Keywords debt equity ratio, current ratio, total asset turnover, return on asset, price to book value

Say no to knowledge hiding: can ethical leadership help prevent it?

Miftachul Mujib, Adilla Kustya Ulfa — Sat, 28 Sep 2024 00:00:00 +0000

This study was conducted due to the scarcity of literature examining the impact of knowledge sharing climate on knowledge hiding. In line with that, many previous studies have focused on positive ethical leadership as an antecedent of knowledge hiding. However, no one has tested the moderating role of ethical leadership in helping to prevent knowledge-hiding intentions. This study aims to examine the influence of knowledge-sharing climate in organizations on knowledge-hiding behavior in the higher education sector and to test the moderating effect of ethical leadership in strengthening the influence of knowledge-sharing culture on knowledge-hiding behavior in the higher education sector. Data were collected from 156 lecturers from various state and private universities in Indonesia through a survey method. Data analysis was conducted using the SEM-PLS technique. The results showed a negative influence of knowledge sharing climate on knowledge hiding. Ethical leadership was proven to moderate the relationship based on the perceptions of several sample groups, except for the sample group with the generation category. This study contributes theoretically to complement the still limited literature that reviews the impact of a knowledge-sharing climate in preventing the emergence of knowledge-hiding behavior. Practically, the results suggest the need to implement ethical leadership to minimize the knowledge-hiding behavior of lecturers in higher education.