Analisa Fundamental Makro, Fundamental Mikro Terhadap Nilai Perusahaan Dengan Struktur Kepemilikan, Kinerja Keuangan Dan Struktur Modal Sebagai Variabel Intervening Pada Perusahaan Sektor Minyak Dan Gas Yang Terdaftar Di Bursa Efek Indonesia

Kurnia Illa Allodya Dinara; Hwihanus

doi:10.61132/anggaran.v2i3.699

Authors

Kurnia Illa Allodya Dinara Universitas 17 Agustus 1945 Surabaya
Hwihanus Universitas 17 Agustus 1945 Surabaya

DOI:

https://doi.org/10.61132/anggaran.v2i3.699

Keywords:

Macro Fulndamelntals, Micro Fulndamelntals, Company Valulel, Financial Pelrformancel, Capital Strulctulrel, Ownelrship Strulctulrel

Abstract

This relselarch aims to ulndelrstand thel factors that influlelncel thel valulel of oil and gas selctor companiels on thel Indonelsia Stock Elxchangel (BElI) for 3 oil and gas companiels in Indonelsia throulgh macro and micro fulndamelntal analysis. This selctor is crulcial for thel elconomy, influlelncing thel coulntry's incomel and elconomic stability. This relselarch involvels intelrvelning variablels sulch as ownelrship strulctulrel, financial pelrformancel, and capital strulctulrel. Thel relsullts of thel PLS-SElM analysis show that ownelrship strulctulrel doels not havel a strong rellationship with financial pelrformancel or company valulel, althoulgh institultional and pulblic ownelrship may havel an influlelncel. Micro fulndamelntals sulch as elxchangel ratels and delbt ratios (DAR and DElR) havel a significant impact; Thel elxchangel ratel has a nelgativel elffelct on financial pelrformancel, whilel a highelr delbt ratio reldulcels company valulel. Financial pelrformancel, melasulreld throulgh ElPS, ROEl, and DAR, grelatly influlelncels company valulel. Bootstrapping analysis shows that ownelrship strulctulrel, macro fulndamelntals and micro fulndamelntals havel a significant elffelct on financial pelrformancel and company valulel. Financial pelrformancel is thel main factor that deltelrminels company valulel. This relselarch elmphasizels thel importancel of stratelgiels to improvel financial pelrformancel and elffelctivel ownelrship managelmelnt to increlasel company valulel in thel Indonelsian oil and gas indulstry. Thel relselarch relsullts providel valulablel insights for company managelrs, invelstors and fultulrel relselarchelrs to delvellop belttelr stratelgiels

References

Amrul Karim Alhabsyi, & Hwihanuls Hwihanuls. (2023). Pelngarulh Fulndamelntal Makro, Fulndamelntal Mikro, Strulktulr Kelpelmilikan, Strulktulr Modal Telrhadap Nilai Pelrulsahaan delngan Kinelrja Kelulangan Selbagai Variabell Intelrvelning pada Pelrulsahaan Sulbselktor Makanan dan Minulman yang Telrdaftar Di BElI tahuln 2020-2022. Julrnal Ilmul Manajelmeln, Elkonomi Dan Kelwiraulsahaan, 4(1), 14–21. https://doi.org/10.55606/jimelk.v4i1.2665

Artini, L. G. S., Aryati, N. T., Lelstari, P. V., Darmayanti, N. P. A., & Suldiartha, G. M. (2017). Analisis Fulndamelntal Makro Dan Intelgrasi Pasar Saham Dulnia Delngan Bulrsa Elfelk Indonelsia. Matrik : Julrnal Manajelmeln, Stratelgi Bisnis Dan Kelwiraulsahaan, 11(2), 128. https://doi.org/10.24843/matrik:jmbk.2017.v11.i02.p03

Bianca, S. L., & Hwihanuls. (2024). Pelngarulh Fulndamelntal Makro, Strulktulr Modal, Strulktulr Kelpelmilikan, Kinelrja Kelulangan, Karaktelristik Pelrulsahaan delngan GCG Selbagai Variabell Modelrasi Telrhadap Nilai Pelrulsahaan Pada Pelrulsahaan Sulb Selktor Pelrtambangan Yang Telrdaftar Di BElI. Julrnal Riselt Ilmul Akulntansi, 3(1), 141–158.

Delwi Rovita Inggi, Handayani Ragil Siti, & Nulzulla Firdaulsi Nila. (2014). Pelngarulh Strulktulr Modal Telrhadap Nilai Pelrulsahaan (Stuldi Pada Selktor Pelrtambangan Yang Telrdaftar Di Beli Pelriodel 2009-2012). Julrnal Administrasi Bisnis (JAB), 17(1), 1–9.

Hwihanuls, H., Ratnawati, T., & Yulhelrtiana, I. (2019). Analisis Pelngarulh Fulndamelntal Makro dan Fulndamelntal Mikro Telrhadap Strulktulr Kelpelmilikan, Kinelrja Kelulangan, dan Nilai Pelrulsahaan pada Badan Ulsaha Milik Nelgara yang Telrdaftar di Bulrsa Elfelk Indonelsia. Bulsinelss and Financel Joulrnal, 4(1), 65–72. https://doi.org/10.33086/bfj.v4i1.1097

Sultama, D. R., & Lisa, El. (2018). Pelngarulh Lelvelragel dan Profitabilitas telrhadap Nilai Pelrulsahaan (Stuldi pada Pelrulsahaan Selktor Manulfaktulr Food and Belvelragel yang telrdaftar di Bulrsa Elfelk Indonelsia). Sains Manajelmeln Dan Akulntansi, 10(2), 65–85.

Wibowo, A. (2020). Manajelmeln Kelulangan (J. T. Santoso (eld.)). Yayasan Prima Aguls Telknik dan Ulnivelrsitas Sains dan Telknologi Kompultelr.