https://ijppr.umsida.ac.id/index.php/ijppr/issue/feed 2024-03-14T03:47:55+00:00 Editor editor@umsida.ac.id Open Journal Systems <p>Indonesian Journal of Public Policy Review (IJPPR) is a peer-reviewed journal published by Universitas Muhammadiyah Sidoarjo four times a year. This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge. This journal aims is to provide a place for academics and practitioners to publish original research and review articles. The articles basically contains any topics concerning public policy on all aspects. IJPPR is available in online version. Language used in this journal is Indonesia or English</p> https://ijppr.umsida.ac.id/index.php/ijppr/article/view/1368 2024-03-07T03:24:00+00:00 Siti Miftakhurrohmah Mahmudah wisnu.setyono@umsida.ac.id Wisnu Panggah Setiyono wisnu.setyono@umsida.ac.id

<p>This study examines the impact of investment decisions, funding choices, and dividend policies on firm value in the Food and Beverage sector. Analyzing data from 14 IDX-listed companies over 2018-2021, findings indicate significant positive effects of investment and funding decisions on firm value, while dividend policy's influence is negative and insignificant. Together, these factors explain 75.3% of firm value variation, highlighting the pivotal role of strategic financial decisions in shaping company worth and suggesting managerial implications.</p> <p><strong>Highlight :</strong></p> <ul> <li>Strategic Financial Decisions: Investment and funding choices significantly impact firm value.</li> <li>Dividend Policy: Despite being insignificant, dividend policy's effect on firm value is negative.</li> <li>Sector-specific Analysis: Findings offer insights into financial dynamics within the Food and Beverage industry.</li> </ul> <p><strong>Keywords:</strong> Investment, Funding, Dividend Policy, Firm Value, Food &amp; Beverage</p>

2024-04-01T00:00:00+00:00 Copyright (c) 2024 Siti Miftakhurrohmah Mahmudah, Wisnu Panggah Setiyono https://ijppr.umsida.ac.id/index.php/ijppr/article/view/1369 2024-03-07T03:23:42+00:00 Sri Wilujeng wilujeng076@gmail.com Heri Widodo heriwidodo@umsida.ac.id

<p>This quantitative study investigates the influence of account payable policy and intellectual capital on the value of companies within the food and beverages sub-sector listed on the Indonesia Stock Exchange. Purposive sampling was employed to select a sample of eight manufacturing companies for the period 2016-2020. Data were collected using documentation techniques and analyzed using SPSS. Results indicate that while the account payable policy significantly affects firm value, intellectual capital does not exhibit a significant impact. These findings shed light on the strategic importance of managing account payables for enhancing firm value in the food and beverages industry.</p> <p><strong>Highlights :</strong></p> <ul> <li>The study investigates the influence of account payable policy and intellectual capital on firm value in the food and beverages sector.</li> <li>Purposive sampling was used to select a sample of eight manufacturing companies listed on the Indonesia Stock Exchange.</li> <li>Findings reveal that while account payable policy significantly affects firm value, intellectual capital does not demonstrate a significant impact.</li> </ul> <p><strong>Keywords:</strong> Account Payable Policy, Intellectual Capital, Firm Value, Food and Beverages, Indonesia Stock Exchange</p>

2024-04-01T00:00:00+00:00 Copyright (c) 2024 Sri Wilujeng, Heri Widodo https://ijppr.umsida.ac.id/index.php/ijppr/article/view/1370 2024-03-07T03:23:15+00:00 Roro Yona Novita Sari hanun@umsida.ac.id Nur Ravita Hanun hanun@umsida.ac.id

<p>This study investigates the interplay between dividend policy, profitability, firm size, and firm value in the context of pharmaceutical manufacturing firms listed on the Indonesia Stock Exchange. Employing a purposive sampling technique, 54 companies were selected, and Smart Partial Least Square 3.0 program was utilized for statistical analysis. The findings reveal that while profitability exerts no significant influence on firm value, firm size positively impacts it. However, dividend policy does not moderate the relationship between profitability, firm size, and firm value. These results prompt further exploration into the nuanced dynamics of dividend policy and its implications for firm valuation strategies.</p> <p><strong>Highlights :</strong></p> <ul> <li>Profitability does not significantly affect firm value.</li> <li>Firm size positively influences firm value.</li> <li>Dividend policy does not moderate the relationship between profitability, firm size, and firm value.</li> </ul> <p><strong>Keywords:</strong> Dividend policy, Profitability, Firm size, Firm value, Pharmaceutical manufacturing.</p>

2024-04-01T00:00:00+00:00 Copyright (c) 2024 Roro Yona Novita Sari, Nur Ravita Hanun https://ijppr.umsida.ac.id/index.php/ijppr/article/view/1371 2024-03-08T02:20:40+00:00 Yunnisa Nurfitriana heriwidodo@umsida.ac.id Heri Widodo heriwidodo@umsida.ac.id

<p>This study investigates the nexus between return on assets (ROA), return on equity (ROE), dividend payout ratio (DPR), and firm value, represented by stock prices, within the consumer goods industry sector on the Indonesia Stock Exchange from 2019 to 2021. Utilizing a sample of 26 companies, employing Partial Least Square (PLS) analysis, the research reveals that neither ROA nor ROE significantly influences stock prices, and ROE exhibits no impact on DPR. Moreover, DPR fails to influence stock prices, and it cannot serve as an intervening variable between ROA or ROE and stock prices. These findings suggest a decoupling between financial performance metrics and market valuation within the consumer goods sector, urging a reconsideration of conventional wisdom regarding the determinants of stock prices in this industry</p> <p><strong>Highlights :</strong></p> <ul> <li>Limited Influence of ROA and ROE: The study reveals that return on assets (ROA) and return on equity (ROE) do not significantly impact stock prices in the consumer goods sector.</li> <li>Mediation Role of DPR: Dividend payout ratio (DPR) fails to mediate the relationship between ROA or ROE and stock prices, indicating its limited influence on market valuation within the sector.</li> <li>Implications for Market Valuation: The findings challenge traditional assumptions about the determinants of stock prices in the consumer goods industry, prompting a reevaluation of financial performance metrics' relevance in market valuation.</li> </ul> <p><strong>Keywords:</strong> Consumer Goods Sector, Stock Prices, ROA, ROE, DPR</p>

2024-04-01T00:00:00+00:00 Copyright (c) 2024 Yunnisa Nurfitriana, Heri Widodo https://ijppr.umsida.ac.id/index.php/ijppr/article/view/1373 2024-03-13T04:54:26+00:00 Anik Safitri difal.dieys@umsida.ac.id Herman Ernandi difal.dieys@umsida.ac.id

<p>This quantitative study investigates the influence of tax planning, profitability, liquidity, and dividend policy on firm value in the chemical sub-sector manufacturing companies listed on the IDX during 2017-2021. Employing Partial Least Square (PLS) analysis on a sample of 50 companies selected through purposive sampling, we found that tax planning and profitability significantly impact firm value, while liquidity and dividend policy exhibit no such effect. Additionally, firm size moderates the relationship between tax planning and dividend policy with firm value but does not moderate the relationship between liquidity and profitability with firm value. These findings provide insights for policymakers and practitioners regarding the significance of tax planning strategies and the interplay between firm size and key determinants of firm value within the chemical manufacturing sector&nbsp;</p> <p><strong>Highlights :</strong></p> <ul> <li>Tax planning and profitability significantly influence firm value in the chemical manufacturing sector.</li> <li>Firm size moderates the relationship between tax planning and dividend policy with firm value.</li> <li>Liquidity and dividend policy show no significant effect on firm value in the chemical manufacturing sector.</li> </ul> <p><strong>Keywords:</strong> Tax Planning, Firm Value, Partial Least Square (PLS), Chemical Manufacturing Sector, Firm Size Moderation</p>

2024-04-01T00:00:00+00:00 Copyright (c) 2024 Anik Safitri, Herman Ernandi https://ijppr.umsida.ac.id/index.php/ijppr/article/view/1374 2024-03-14T03:47:55+00:00 Ika Choiri hadiah@umsida.ac.id Hadiah Fitriyah hadiah@umsida.ac.id

<p>This research delves into the intricate relationship between corporate social responsibility (CSR), dividend policy, profitability, and company value within the consumer goods sector of the Indonesia Stock Exchange from 2019 to 2022. Employing a purposive sampling method, 27 companies were selected for analysis using SPSS techniques. The study reveals a noteworthy finding: while dividend policy shows no significant impact, both CSR and profitability significantly influence company value. This underscores the critical importance of integrating social responsibility practices into corporate strategies, as they not only contribute to enhanced company value but also augment profitability. These findings have substantial implications for businesses, emphasizing the imperative of embracing CSR initiatives as integral components of sustainable corporate development strategies.</p> <p><strong>Highlights :&nbsp;</strong></p> <ul> <li>CSR integration: Study underscores the importance of integrating CSR practices into corporate strategies.</li> <li>Profitability impact: Profitability significantly influences company value in the consumer goods sector.</li> <li>Limited impact of dividend policy: Dividend policy shows no significant impact on company value in the Indonesian context.</li> </ul> <p><strong>Keywords:</strong> CSR, dividend policy, profitability, company value, consumer goods sector</p>

2024-04-01T00:00:00+00:00 Copyright (c) 2024 Ika Choiri, Hadiah Fitriyah https://ijppr.umsida.ac.id/index.php/ijppr/article/view/1372 2024-03-08T06:22:26+00:00 Elmi Nur Fadilah sarwendabiduri@umsida.ac.id Sarwendah Biduri sarwendabiduri@umsida.ac.id

<p>This research investigates the influence of village funds, allocation strategies, policies, and institutional frameworks on community welfare and accountability in village fund management. Utilizing a quantitative approach, a sample of 54 respondents from villages surrounding the Pandaan sub-district was selected using purposive sampling techniques. Data was collected through Google Forms and analyzed using the SmartPLS program, employing both inner and outer model analyses. The findings indicate significant positive effects of village fund variables, allocation strategies, and policies on community welfare. However, village institutional variables were found to have no significant impact on community welfare. These results underscore the importance of effective management strategies and policies in ensuring the welfare of communities in rural settings, thereby informing policymakers and stakeholders involved in local governance and development.</p> <p><strong>Highlights :</strong></p> <ul> <li>The study examines the influence of village fund management on community welfare in rural settings.</li> <li>Findings highlight the significance of allocation strategies and policies in enhancing community welfare.</li> <li>Implications underscore the importance of effective management practices for rural development and governance.</li> </ul> <p><strong>Keywords:</strong> Village funds, Community welfare, Accountability, Rural development, Quantitative study</p>

2024-04-01T00:00:00+00:00 Copyright (c) 2024 Sarwendah Biduri, Elmi Nur Fadilah