The purpose of this research is to investigate the effects of financial decision behavior on firm performance of Indonesian public companies using panel data. The dynamic generalized method of moment is utilized in this study. The results show that firm performance is dynamic in nature, which indicates that last year performance affects current performance significantly. Empirical result of financial decision behavior shows that investment, leverage, and dividend per share (DPS) have significant impact on firm performance. Specifically, investment has negative impact on firm performance. Meanwhile leverage has negative effects on return on assets (ROA), but positively affects Tobin's Q. Moreover, DPS positively affects ROA and Tobin's Q. This finding suggests that investment decision of Indonesian firms is overinvestment, indicated with higher investment affects firm performance negatively. Similarly with leverage, the finding reveals that Indonesian public companies borrowed external fund more than they required (overleverage). The positive effect of DPS on firm performance implies that dividends payout to

This study aims to analyze the effect of capital adequacy ratio (CAR), operating cost of operating income (BOPO) on profitability and examine the role of non performing financing (NPF) in influencing the relationship between CAR and BOPO on profitability of sharia bank in Indonesia. The data used in this study is a panel data that consisting of 10 sharia banks for the period 2010-2018 with 99 observations. The method of analysis data is multiple regression analysis with random effect model. The results of this study in model one show that BOPO has negative and significantly affects profitability, meanwhile CAR has positive but insignificant effect, while and NPF has negative effect on profitability but insignificant in model two. Furthermore, when NPF interected with CAR shows interesting results, in which CAR has negative and significant effect on profitability, while BOPO is still consistent with negative and significant effect on profitability. This suggests that the NPF moderates the influence of CAR and BOPO on profitability. This implies that increase NPF would decrease the effect of CAR on profitability and the effect of BOPO on profitability would be strangted of syaria bank in Indonesia. Keywords: Capital adequacy ratio; BOPO; non performing financing, profitability

The purpose of this study is to investigate the impact of global financial crisis on firm performance, financial decision and corporate governance of the Indonesian listed firms. The financial data are retrieved from Reuters Data stream and annual reports for 212 firms over the period 2003-2013. Hence, the data is a balanced panel data with 2332 observations. The impacts of the financial crises on the research variables are tested using a special two-way cell-means (ANOVA) model of each of the research variables by Time-Period, and Sectors. The factor Time-Period (TP) has three levels, namely before, during and after crises, respectively and the factor Sector has two levels; Manufacturing and Service sectors respectively. The findings of cell-mean parameter show that market performance (TOBINS_Q) is lower during crisis period compared to before and after crisis period, indicating the mean parameters are significantly greater than its mean during the crisis period for both sectors. Meanwhile, accounting performance (ROA) appears to have lower mean parameter during crisis period compared to after crisis. However, based on the coefficient of firm performance, the impact of financial crisis is more on the market performance and less on the accounting performance. The findings also show that investment is lower during crisis period compared to before and after crisis period, while leverage is lower during crisis compared to before crisis period for both sectors. Interestingly, the results show that financial crisis had no impact on dividend per share, while free cash flow and corporate governance are less impacted by the financial crisis. This study extends the current understanding of firm performance, financial decision and corporate governance by providing new empirical evidence of the impact of financial crisis by sector.

The finance-growth nexus is gaining credence among researchers. Growing research interest in developing evidences for different economic sectors has ignited this study to examine the topic in the agricultural sector for Malaysia. The analysis focuses on the palm oil industry using data for the period 1981 to 2017 using the Autoregressive Distributed Lagged (ARDL-bounds) approach. Financial development measures financial depth, accessibility, efficiency, and stability. Other variables include production factors such as land, labor, and capital. Findings/Originality: The findings show that the depth of the financial market has a positive impact on palm oil industry performance both in the short run and long run, though the depth of the financial institutions only takes effect in the long run. Meanwhile the financial accessibility, efficiency, and stability have no significant effect on the productivity of the industry. It implies that the equity market development is more relevant to affect the palm oil industry compared to credit market development.

Tujuan penelitian ini adalah untuk menganalisis pengaruh perputaran persediaan, perputaran piutang, current ratio terhadap Profitabilitas (ROA) dan Leverage sebagai moderating pada perusahaan sub industry Farmasi di BEI. Data yang digunakan dalam penelitian ini merupakan data panel yang terdiri dari 8 perusahaan Farmasi untuk periode 2015-2020 jumlah observasi sebanyak 48. Metode penelitian yang digunakan adalah metode regresi data panel dengan estimasi terbaik Fixed Effect Model. Hasil  penelitian menemukan bahwa perputaran persediaan, perputaran piutang berpengaruh positif dan signifikan terhadap profitabilitas, current ratio tidak berpengaruh dan tidak signifikan terhadap profitabilitas, leverage berpengaruh negative dan signifikan terhadap profitabilitas dan leverage dapat memoderasi pengaruh perputaran persediaan, perputaran piutang, current ratio terhadap profitabilitas Farmasi di BEI.