Determinants of construction, property, and real estate companies’ stock prices in Indonesia

2020 ◽  
pp. 195-198
Author(s):  
Dyah Nirmala Arum Janie ◽  
Laeli Tika Mardani ◽  
Dian Indriana Tri Lestari ◽  
Nirsetyo Wahdi
Keyword(s):  
Real Estate ◽  
Stock Prices ◽  
Construction Property

An Empirical Research on the Relationship between Real Estate Prices and Inflation

2011 ◽  
Vol 55-57 ◽  
pp. 1992-1996
Author(s):  
Tie Qun Li
Keyword(s):  
Real Estate ◽  
Stock Prices ◽  
Test Analysis ◽  
Social Demand ◽  
The Real Estate ◽  
Key Factor ◽  
Negative Effect ◽  
Labor Service ◽  
Real Estate Prices ◽  
The Relationship

The former researches referring to inflation and real estate prices concentrated mainly on the stock prices rather than the real estate prices. Owing to the enlarging ratio of real estate industry in national economy with each passing day, as well as the overheating real estate prices in recent years, the relationship between real estate prices and inflation is particularly vital to the monetary policy making for the monetary authorities. According to the test analysis of data from 2001 to 2009, it is found that real estate prices is Granger Cause of inflation while inflation is not the Granger Cause of real estate prices in this paper. Through the Effects of Wealth, Credit and Tobin, real estate prices drive the growth of social consumption and investments and expand the total social demand which possess an positive effect on inflation; nevertheless the rising of real estate prices causes the rising of currency for real estate purchasing, which, under the circumstance of that currency supply remains, will inevitably bring about the reduction of currency for other consumption and investments and restrain the total social demand which would mean a suppression of continuous rising of prices of other commodity and labor service. All these show that real estate also has a negative effect on inflation. The cancellations between the two effects make the long-term influence real estate bearing on inflation is not obvious. The experimental results indicate that when the price of real estate rises 1%, inflation only rises 0.058%. Consequently, a strict controlling of the amount of money issued is the key factor for keeping the over rapid rising of real estate prices from leading to inflation.

scholarly journals Demonetisation and Indian Stock Market

2018 ◽  
Vol 5 (2) ◽  
Author(s):  
Ruchika Gahlot
Keyword(s):  
Linear Regression ◽  
Real Estate ◽  
Stock Prices ◽  
General Public ◽  
Financial Service ◽  
Medium Term ◽  
Donald Trump ◽  
Cash Transaction ◽  
Indian Stock Market

Demonetisation of 500 and 1000 bank notes was announced by PM Modi on 8th Nov 2016. There were number of speculation relating to its effects on general public and different sectors of Indian economy. This paper studies the effect of demonetisation on stock prices of different sectoral indices and Nifty listed on NSE by using t test, f test and linear regression. The results revealed that Nifty, automobiles, FMCG, Financial service, media and banking and real estate were major sectors affected by demonetisation decision as they are based on cash transaction. The prices of indices of NSE were influenced by S and P 500 in medium term and long term which may be the effect of policy of US president Donald Trump who was elected as President of U.S. on 8th November 2016.

scholarly journals PENGARUH KONDISI FUNDAMENTAL, INFLASI, DAN SUKU BUNGA SERTIFIKAT BANK INDONESIA TERHADAP HARGA SAHAM (Study Kasus pada Perusahaan Real Estate dan Property yang terdaftar di Bursa Efek Indonesia tahun 2010-2013)

2016 ◽  
Vol 4 (2) ◽  
Author(s):  
Dewi Kusuma Wardani ◽  
Devita Fajar Tri Andarini
Keyword(s):  
Real Estate ◽  
Interest Rates ◽  
Stock Prices ◽  
Secondary Data ◽  
Construction Companies ◽  
Equity Ratio ◽  
Regression Techniques ◽  
Independent Variable ◽  
Turn Over ◽  
Positive Effect

This research is motivated by the results of researches differences which have been done by other researchers. Moreover, it is also because construction companies in the sector of Real Estate and Property which develops a lots. The developing influences the stock prices in the sector of Real Estate and Property in Indonesia. This study aimed to examine the effect of the fundamental conditions, inflation, and SBI interest rates on the stock prices. This research is done in Pojok Bursa Efek Indonesia. the fundamental factors which are used in this research is Current Ratio, Return on Asset, Debt Equity Ratio, and Total Asset Turn Over. The data which are used are the secondary data which are taken from IDX with 180 populations, and 132 data are treated. The sampling method in this research is purposive sampling. The data technique analysis in this research uses multiple linear regression techniques. The regression test results show that the influence of fundamentals, inflation, and SBI interest rates partially positive effect on stock prices. The third influence of independent variable on the dependent variable is just 10.5%. It is necessary for the addition of variables in future researches. Keyword: fundamental conditions, inflation, SBI interest rates, and stock prices

scholarly journals An Analysis of the Relationship between Inflation and Gold Prices: Evidence from Pakistan

2013 ◽  
Vol 18 (2) ◽  
pp. 1-35 ◽  
Author(s):  
Saira Tufail ◽  
Sadia Batool
Keyword(s):  
Real Estate ◽  
Stock Prices ◽  
Foreign Currency ◽  
Stock Exchange ◽  
Asset Price ◽  
Price Inflation ◽  
Dual Nature ◽  
The Government ◽  
The Relationship ◽  
Unexpected Inflation

In this study, we formulate a new inflation equation to capture the potential effects of gold and stock prices on inflation in Pakistan. We aim to assess the inflation-hedging properties of gold compared to other assets such as real estate, stock exchange securities, and foreign currency holdings. Applying time-series econometric techniques (cointegration and vector error correction models) to data for 1960–2010, we find that gold is a potential determinant of inflation in Pakistan. On the other hand, it also provides a complete hedge against unexpected inflation. Real estate assets are more than a complete hedge against expected inflation, although stock exchange securities outperform gold and real estate as a hedge against unexpected inflation. Foreign currency proves to be an insignificant hedge against inflation. Given the dual nature of the relationship between gold and inflation, it is increasingly important for the government to monitor and regulate the gold market in Pakistan. Moreover, stock market investment should be encouraged by the government given that asset price inflation does not pose a critical problem for Pakistan as yet.

scholarly journals PENGARUH KINERJA KEUANGAN DAN KEBIJAKAN DIVIDEN TERHADAP HARGA SAHAM (Survei pada Perusahaan Sektor Property dan Real Estate di Bursa Efek Indonesia (BEI) Tahun 2013)

2017 ◽  
Vol 1 (1) ◽  
Author(s):  
Citra Mariana
Keyword(s):  
Real Estate ◽  
Stock Prices ◽  
Dividend Policy ◽  
T Test ◽  
Return On Assets ◽  
Paired Sample ◽  
Earnings Per Share ◽  
Net Profit ◽  
Price Earnings Ratio ◽  
Equity Ratio

ABSTRAKPenelitian ini bertujuan mengungkapkan pengaruh kinerja keuangan dan kebijakan dividen terhadap harga saham pada sektor property dan real estate di Bursa Efek Indonesia tahun 2013. Sampel dalam penelitian ini sebanyak 43 perusahaan. Analisis data dilakukan dua tahap. Pertama menggunakan paired sample t-test dan kedua analisis regresi linier berganda. Bersadarkan hasil analisis paired sample t-test ditemukan bahwa tidak terdapat perubahan signifikan terhadap harga saham yang terjadi pada periode sebelum publikasi, tanggal publikasi dan periode sesudah publikasi. Selanjutnya berdasarkan hasil analisis regresi linier berganda ditemukan bahwa price earnings ratio, price book value, earnings per share berpengaruh positif terhadap harga saham. Return on assets berpengaruh negatif terhadap harga saham. Debt to equity ratio, net profit margin dan kebijakan dividen tidak berpengaruh terhadap harga saham.Kata kunci: kinerja keuangan, kebijakan dividen, harga saham, property, real estate. ABSTRACTThis study aims to reveal the influence of the financial performance and the dividend policy on stock prices in the property and real estate sector in the Indonesia Stock Exchange in 2013. The sample in this research is 43 companies. To analyze the research data used two steps, paired sample t-test and then multiple linear regression analysis. Based on results of the analysis of paired sample t-test found that there is no significant change in the stock price that occurred in the period before publication, publication date and the period after the publication. Based on the results of the regression analysis of Multiple linear found that price earnings ratio, price-book value, earnings per share positive effect on stock prices. Return on assets negatively affects stock prices. Debt to equity ratio, net profit margin and dividend policy does not affect the company's stock priceKeywords: financial performance, dividend policy stock prices, property, real estate

scholarly journals PENGARUH PELAKSANAAN KUALITAS AUDIT DAN PROPORSI DEWAN KOMISARIS INDEPENDEN TERHADAP KINERJA KEUANGAN PERUSAHAAN PROPERTY DAN REAL ESTATE DI BURSA EFEK INDONESIA

2019 ◽  
Author(s):  
Ningsih ◽  
Aminar Sutra Dewi
Keyword(s):  
Real Estate ◽  
Financial Performance ◽  
Stock Prices ◽  
Audit Quality ◽  
Sampling Technique ◽  
Fixed Effect Model ◽  
Return On Equity ◽  
Good Corporate Governance ◽  
Effect Model ◽  
Panel Data Regression

The decline in stock prices of property and real estate firms resulted from the government's policy of high loan interest has not affected the property sector and real estate. This study aims to examine the effect of Good Corporate Governance implementation that is the quality of auditor (KA) to financial performance and proportion of independent board of commissioner (PDKI) to company financial performance. This research uses purposive sampling method that is sampling technique which refers to certain criteria. Based on predetermined criteria, 23 companies will be selected as research samples in 2012 until 2016. The method of analysis used is quantitative method, with classical assumption test and panel data regression analysis. From the three tests obtained the best model is Fixed Effect Model (FEM). The results of this study indicate that audit quality has positive and insignificant effect on financial performance as reflected on return on equity. While the proportion of independent board of commissioners has a negative and significant impact on financial performance as reflected in return on equity.

scholarly journals ANALISIS ROA, ROE, EPS, PER, DAN DER TERHADAP HARGA SAHAM PADA PERUSAHAAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2013–2016

2018 ◽  
Vol 1 (2) ◽  
Author(s):  
Charista Nurul Mafazah
Keyword(s):  
Real Estate ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Share Price ◽  
Asset Return ◽  
Return On Equity ◽  
Analysis Technique ◽  
Equity Ratio ◽  
Independent Variable

The aim of this research to examine are there impact of ROA, ROE, EPS, PER, and DER as an independent variable whit stock price as dependent variable on 10 real estate companies listed in Indonesia stock exchange and have financial statements in the period 2013–2016 so that the unit of analysis obtained is 40 financial statement list real estate company. The research variable consisted on independent variable in the form of return on asset (X1), return on equity (X2), earning per share (X3), price earning ratio (X4), debt to equity ratio (X5), and stock price (Y) as a dependent variable. Methods of data collection in of this research is the method of documentation. Data analysis technique were use multiple linier regression. Based on the results of regression analysis known that influence of return on asset, return on equity, earning per share, price earning ratio, and debt to equity ratio and simultaneously influence the stock price on the Indonesia stock exchange in period 2013–2016 at 92,8% while the rest influenced by other variables is not examined in this research. Partially, return on asset and earning per share significantly influence to stock prices, while return on equity, price earning ratio, debt to equity ratio but not significant effect on stock prices.

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