Neneng Djuaeriah - Academia.edu (original) (raw)
Papers by Neneng Djuaeriah
The purpose of this research is to seek the impact of capital structure towards firms‘ profitabil... more The purpose of this research is to seek the impact of capital structure towards firms‘ profitability on Indonesian firms listed in LQ45 using panel data of five consecutive years (2013 to 2017). The data obtained are from audited financial statements of 24 constantly listed in LQ45 . This study used the linear regression to analyze the connection between total debt to represent capital structure and firms‘ profitability of Return on Assets. This study includes growth opportunity, firm size, tangibility, liquidity and non-debt tax shield as controlled variables. The research resulted in a significant positive relationship between firms‘ profitability and capital structure. Only liquidity provides a negative significant impact on profitability. In addition to that growth opportunity and size have insignificant negative influence, while tangibility and non debt tax shields have insignificant positive influence toward
... In today's era, however, this funneling process may not be exercised, or even does n... more ... In today's era, however, this funneling process may not be exercised, or even does not exist anymore. ... Any values smaller than 0.05 are considered valid (Ghozali, 2004; Santoso, 2009; Schumacker dan Lomax, 2004; Wijaya, 2009). ...
Journal of Management Practices, Humanities and Social Sciences, 2018
The purpose of this research is to analyze the influence of CEO characteristic towards firms’ cas... more The purpose of this research is to analyze the influence of CEO characteristic towards firms’ cash holdings and over-investment of free cash flow. This research uses multiple regression on panel data of a sample of 24 companies listed in index LQ45 for the period from 2013 to 2017 with 61 female CEOs and 59 male CEOs in the sample. This research is using CEO gender as independent variable; cash holdings and over-investment of free cash flow as dependent variable. Other CEO characteristic such as age, education, tenure, firm size, market-to-book ratio, leverage, cash flow, capex, networking capital, dividend, free cash flow, managerial and state ownership as control variable. The research finds a positive significant influence between female CEOs, cash holdings and over-investment. The results also show that female CEOs are having a higher level of cash holdings and resulted in lower level of over-investment problems. Female CEO also can mitigate the agency problem in the firm. The UET theory is used to support the findings in which CEO characteristic can influence the company,s performance and financial decision. UET literature focuses on executive demographic to explain corporate investment decision while this paper extends the application of the UET in the area of accounting.
The purpose of this research is to seek the impact of capital structure towards firms‘ profitabil... more The purpose of this research is to seek the impact of capital structure towards firms‘ profitability on Indonesian firms listed in LQ45 using panel data of five consecutive years (2013 to 2017). The data obtained are from audited financial statements of 24 constantly listed in LQ45 . This study used the linear regression to analyze the connection between total debt to represent capital structure and firms‘ profitability of Return on Assets. This study includes growth opportunity, firm size, tangibility, liquidity and non-debt tax shield as controlled variables. The research resulted in a significant positive relationship between firms‘ profitability and capital structure. Only liquidity provides a negative significant impact on profitability. In addition to that growth opportunity and size have insignificant negative influence, while tangibility and non debt tax shields have insignificant positive influence toward
... In today's era, however, this funneling process may not be exercised, or even does n... more ... In today's era, however, this funneling process may not be exercised, or even does not exist anymore. ... Any values smaller than 0.05 are considered valid (Ghozali, 2004; Santoso, 2009; Schumacker dan Lomax, 2004; Wijaya, 2009). ...
Journal of Management Practices, Humanities and Social Sciences, 2018
The purpose of this research is to analyze the influence of CEO characteristic towards firms’ cas... more The purpose of this research is to analyze the influence of CEO characteristic towards firms’ cash holdings and over-investment of free cash flow. This research uses multiple regression on panel data of a sample of 24 companies listed in index LQ45 for the period from 2013 to 2017 with 61 female CEOs and 59 male CEOs in the sample. This research is using CEO gender as independent variable; cash holdings and over-investment of free cash flow as dependent variable. Other CEO characteristic such as age, education, tenure, firm size, market-to-book ratio, leverage, cash flow, capex, networking capital, dividend, free cash flow, managerial and state ownership as control variable. The research finds a positive significant influence between female CEOs, cash holdings and over-investment. The results also show that female CEOs are having a higher level of cash holdings and resulted in lower level of over-investment problems. Female CEO also can mitigate the agency problem in the firm. The UET theory is used to support the findings in which CEO characteristic can influence the company,s performance and financial decision. UET literature focuses on executive demographic to explain corporate investment decision while this paper extends the application of the UET in the area of accounting.