scholarly journals Efeito do Volume de Negócios nas Escolhas de Recomendações de Ações dos Analistas

2018 ◽  
Vol 15 (2) ◽  
pp. 287
Author(s):  
Rafael Moreira Antônio ◽  
Alex Augusto Timm Rathke ◽  
Marcelo Botelho da Costa Moraes ◽  
Marcelo Augusto Ambrozini
Keyword(s):  
Panel Data ◽  
Trading Volume ◽  
Listed Companies ◽  
Net Income ◽  
Trade Volume ◽  
Panel Data Regression ◽  
Data Regression ◽  
Sample Data ◽  
Equity Ratio ◽  
Unbalanced Panel Data

The present study analyses the effect of trade volume on market analysts’ purchase and sell recommendation choices. The research analyses 7,293 consensus recommendations regarding Brazilian listed companies for the period 2008-2014. Sample data includes firms’ fundamentalist characteristics, as total assets, return, net income and dividends, with the objective to identify the factors taken under account by analysts for their recommendation evaluations. Applying unbalanced panel data regression strategy, we find that analysts prefer to recommend shares with higher observed trading volume, and the shares with more favourable evaluations are those with higher observed trading volume, which is agreeing with theoretical expectations. Other significative covariates for recommendations are the earnings before interests and taxes – EBIT, return per share, return of assets – ROA, paid dividends, and the price/equity ratio.

scholarly journals DETERMINAN SURPLUS UNDERWRITING DANA TABARRU’ PADA ASURANSI JIWA SYARIAH DI INDONESIA

2020 ◽  
Vol 7 (10) ◽  
pp. 2004
Author(s):  
Rohishotu Rohmah ◽  
Dian Filianti
Keyword(s):  
Panel Data ◽  
Life Insurance ◽  
Financial Services ◽  
Secondary Data ◽  
Insurance Companies ◽  
Net Income ◽  
Purposive Sampling ◽  
Panel Data Regression ◽  
Data Regression ◽  
Investment Returns

ABSTRAKTujuan penelitian ini merupakan untuk menganalisis pengaruh kontribusi neto, klaim, hasil investasi, dan reasuransi syariah terhadap surplus underwriting dana tabarru’ perusahaan asuransi jiwa syariah periode 2014-2019. Penelitian ini menggunakan pendekatan metode kuantitatif dengan unit analisis regresi data panel. Data yang digunakan dalam penelitian ini adalah data sekunder, menggunakan metode purposive sampling. Data yang digunkan peneliti adalah laporan keuangan perusahaan asuransi jiwa syariah periode 2014-2019, yang berjumlah 15 sampel perusahaan asuransi jiwa syariah yang terdafkat di Otoritas Jasa Keuangan. Secara parsial hasil temuan dari penelitian ini yang diaproksiasikan melalui variabel Kontribusi Neto, memiliki pengaruh positif signifikan, Klaim memiliki pengaruh negatif signifikan, sedangkan hasil investasi dan Reasuransi Syariah memiliki pengaruh tidak signifikan terhadap surplus underwriting dana tabarru’. Secara simultan Kontribusi Neto, Klaim, Hasil Investasi, Reasuransi Syariah memiliki pengaruh signifikan terhadap surplus underwriting dana tabarru’ dengan tingkat signifikan 0.000 < 0.05. Dengan nilai Adjusted R2 menunjukkan hasil senilai 0.941663 yang artinya 94%, sedangkan sisanya 6% dipengaruhi oleh variabel lain diluar penelitian ini.  Kata kunci: Surplus Underwriting Dana Tabarru’, Asuransi Jiwa Syariah, Regresi Data Panel ABSTRACTThe purpose of this study is to analyze the effect of net income, claims, investment returns, and sharia reinsurance on the underwriting surplus of tabarru funds in Islamic life insurance companies for the period 2014-2019. This research used a quantitative method approach with panel data regression analysis unit. The data used in this research is secondary data, using purposive sampling method. The data used by researchers is the financial statements of sharia life insurance companies for the period 2014-2019, which can assess 15 samples of sharia life insurance companies registered in the Financial Services Authority. Partially the results of the research findings which are applied through the Net Contribution variable, have a significant positive effect, Claims have a significant negative effect, while investment returns and Sharia Reinsurance have no significant effect on the tabarru 'underwriting fund surplus. Simultaneously Net Contribution, Claims, Investment Results, Sharia Reinsurance have a significant effect on the tabarru fund underwriting surplus with a significant level of 0.000 <0.05. With the Adjusted R2 value shows the calculation result of 0.941663, which means 94%, while the remaining 6%, other variables are outside this study.Keyword: Surplus Underwriting Tabarru’ Fund, Sharia Life Insurance, Panel Data Regression

scholarly journals Penyaluran Kredit dan Tingkat Likuiditas: Bukti Empiris pada Bank Umum di Indonesia

2021 ◽  
Vol 9 (1) ◽  
pp. 138
Author(s):  
Arnoldus Hesron Bhoka ◽  
Sari Yuniarti ◽  
Mohammad Burhan
Keyword(s):  
Panel Data ◽  
Stock Exchange ◽  
Generalized Least Squares ◽  
Bank Lending ◽  
Estimation Model ◽  
Return On Assets ◽  
Panel Data Regression ◽  
Data Regression ◽  
Positive Effect ◽  
Unbalanced Panel Data

This paper examines the effect of bank lending on liquidity. We use the loan-to-deposit ratio as a proxy for liquidity and total loan as a proxy for bank lending. We also consider the measurement of liquidity with non-performing loans (NPL) and return on assets (ROA) as control variables. The sample used is the banks listed on the Indonesia Stock Exchange as many as 42 banks with a total of 184 observations from unbalanced panel data. The analysis used is panel data regression (generalized least squares) with random effects as the best estimation model. We find bank lending to have a positive effect on liquidity, especially for banks that go public. We argue that banks avoid bankruptcy by increasing the proportion of reserves to absorb risk. The results support the “risk absorption” hypothesis (Berger Bouwman, 2009). We also find that return on assets (ROA) has a significant effect on liquidity, but non-performing loans (NPL) have no significant effect on liquidity, proving that banks has managed their reserves by absorbing risk properly.

scholarly journals PENGARUH DEBT TO EQUITY RATIO, DIVIDEND PAYOUT RATIO DAN RETURN ON ASSET TERHADAP HARGA SAHAM SYARIAH

2020 ◽  
Vol 7 (9) ◽  
pp. 1670
Author(s):  
Elnissa Hanifah Onggrasari ◽  
Ari Prasetyo
Keyword(s):  
Panel Data ◽  
Stock Price ◽  
Annual Report ◽  
Dividend Payout ◽  
Purposive Sampling ◽  
Panel Data Regression ◽  
Data Regression ◽  
Study Population ◽  
Equity Ratio

ABSTRAKPenelitian ini bertujuan untuk mengetahui pengaruh DER, DPR, dan ROA terhadap harga saham syariah. Metode yang digunakan adalah Regresi Data Panel dengan populasi penelitian pada perusahaan yang terdaftar di Jakarta Islamic Index periode 2013-2017. Sampel dari penelitian ini terdiri dari 9 perusahaan dengan menggunakan teknik purposive sampling dan data yang digunakan dalam penelitian ini diperoleh dari annual report perusahaan yang terdaftar di JII. Hasil penelitian menunjukkan bahwa secara parsial Dividen Payout Ratio dan Return On Asset memiliki hubungan positif dan signifikan terhadap Harga Saham sedangkan Debt to Equity Ratio tidak memiliki hubungan signifikan terhadap Harga Saham. Dan secara simultan Debt to Equity Ratio, Dividen Payout Ratio dan Return On Asset memiliki hubungan positif dan signifikan tehadap Harga Saham.Kata kunci: Harga Saham, Debt To Equity Ratio, Dividend Payout Ratio, Return On Asset ABSTRACTThis study aims to determine the effect of DER, DPR and ROA on sharia Stock Price. The method used in this study is the Panel Data Regression with the study population of companies registered in the Jakarta Islamic Index between 2014-2018 period. The sample of this study consists of 9 companies by purposive sampling and the data in this study were obtained from the company's annual report and listed in Jakarta Islamic Index. The results showed that partially Dividend Payout Ratio and Return On Asset has a positive and significant effect on the stock price. Meanwhile, Debt to Equity Ratio has no significant effect on the stock price. And simultaneously Debt to Equity Ratio, Dividend Payout Ratio and Return On Asset have a positive and significant effect on the stock price.Keywords:  Stock Price, Debt To Equity Ratio, Dividend Payout Ratio, Return On Asset

scholarly journals CASH POSITION, DEBT TO EQUITY RATIO, RETURN ON ASSET DAN FIRM SIZE TERHADAP DIVIDENT PAYOUT RATIO

2018 ◽  
Vol 3 (1) ◽  
pp. 78
Author(s):  
Edi Setiawan ◽  
Faizal Ridwan Zamzani ◽  
Nur Fitri Amelia
Keyword(s):  
Panel Data ◽  
Regression Model ◽  
Cross Section ◽  
Firm Size ◽  
Regression Coefficients ◽  
Pool Data ◽  
Panel Data Regression ◽  
Data Regression ◽  
Equity Ratio ◽  
Size Variable

This research is aimed to knowing and analyzing the effect of the cash position, debt to equity ratio, return on asset and firm size to divident payout ratio. The type of data used in this study is pool data which is a combination time series, and cross section. panel data regression anlaysis test, election panel data reression estimation techniques, heteroscedasticity test, regression model analysis, and regression model testin and regression coefficients. The result showed that the partial debt to equity ratio and firm size no significantly influence the divident payout ratio, while the cash position, return on asset significantly influence the divident payout ratio. Simultaneously, cash position, debt to equity ratio, return on asset and firm size variable have a significant to divident payout ratio.

scholarly journals Corporate Fundamentals, Bi Rate And Systematic Risk: Evidence From Indonesia Stock Exchange

2019 ◽  
Vol 23 (1) ◽  
pp. 39
Author(s):  
Perdana Wahyu Santosa, Nita Puspitasari
Keyword(s):  
Panel Data ◽  
Stock Exchange ◽  
Panel Data Analysis ◽  
Systematic Risk ◽  
Profit Margin ◽  
Sales Growth ◽  
Panel Data Regression ◽  
Data Regression ◽  
Net Profit ◽  
Equity Ratio

The aim of this study is to understand the effect of company's fundamental factors and BI rate on systematic risk (beta) on the Indonesia Stock Exchange (IDX). In portfolio theory, there are two types of risk, namely systematic risk and non-systematic risk. The focus of this study is on systematic risk which was measured through beta (β), where each stock had a different beta. The analyses used independent variables of sales growth (SG), net profit margin (NPM), debt to equity ratio (DER) and BI rate (benchmark interest rate) on stock beta. The data used were quarterly data of issuers listedin the LQ-45 index in the period of 2009-2016 which were analysed using panel data regression method. The conclusion from panel data analysis of LQ-45 index is that SG, NPM and DER contribute a significant impact on systematic risk, but the macroeconomic proxy, namelyBI rate, does not offer significant influence on stock beta (β).Implication: corporate fundamental factors such as sales growth, net profit margin and solvency has effect significantly on beta (β), however BI rate does not.

scholarly journals THE EFFECT OF LEVERAGE, FIRM SIZE, AND SALES GROWTH ON INCOME SMOOTHING AND ITS IMPLICATION TO THE FIRM VALUE (STUDY ON STATE-OWNED COMPANIES LISTED IN INDONESIA STOCK EXCHANGE 2016-2019)

2021 ◽  
Vol 8 (9) ◽  
pp. 9-18
Author(s):  
Sri Mulyati ◽  
Bambang Mulyana
Keyword(s):  
Panel Data ◽  
Firm Size ◽  
Firm Value ◽  
Sampling Method ◽  
Stock Exchange ◽  
Income Smoothing ◽  
Sales Growth ◽  
Panel Data Regression ◽  
Data Regression ◽  
Equity Ratio

The purpose of this research was to determine the effect of leverage, firm size and sales growth on income smoothing and its implication to the firm value. The population used on this research was 24 state-owned companies listed on Indonesia Stock Exchange. The samples were determined using purposive sampling method and there were 19 companies which selected as the samples. The analytical method used on this research was statistic descriptive and panel data regression and use Eviews 9 for data processing. The result of this research showed that leverage which measured by debt to equity ratio has negative and insignificant effect on income smoothing while firm size and sales growth have negative and significant effect on income smoothing and income smoothing itself was found to have positive and significant effect on the firm value

scholarly journals Analisis Faktor-Faktor Yang Mempengaruhi Laba Bersih Bank Umum Syariah di Indonesia

2020 ◽  
Vol 2 (01) ◽  
pp. 35-50
Author(s):  
Rabiat El Adawiya
Keyword(s):  
Panel Data ◽  
Capital Adequacy ◽  
Third Party ◽  
Net Income ◽  
Operating Income ◽  
Panel Data Regression ◽  
Capital Adequacy Ratio ◽  
Data Regression ◽  
Net Profit

This study discusses the net profit. Factors that affect net income is expected Capital Adequacy Ratio (CAR), Operating Expenses to Operating Income (BOPO), Third Party Funds (DPK), Financing to Deposit Ratio (FDR) and Non-Performing Financing (NPF). The purpose of this study was to determine whether the studied variables affecting net income. The study was conducted in Bank Muamalat Indonesia (BMI), Bank Syariah Mandiri (BSM), Bank Syariah Mega Indonesia (BSMI) and Bank BRISyariah (BRIS) using quarterly publication of the report. The method used is a panel data regression. The results of the analysis showed that, simultaneously and partially, BOPO and DPK in 2009-2012 significantly affect the net profit with the adj R- Squared level of 80.87%. While the variable CAR, FDR and NPF in 2009-2012 do not affect the net income.

scholarly journals PENGARUH PENERBITAN SUKUK TERHADAP RETURN ON ASSETS EMITEN DI BURSA EFEK INDONESIA

2019 ◽  
Vol 5 (5) ◽  
pp. 408
Author(s):  
Fathaniadina Fakhrana ◽  
Imron Mawardi
Keyword(s):  
Statistical Analysis ◽  
Panel Data ◽  
Stock Exchange ◽  
Analysis Software ◽  
Return On Assets ◽  
Panel Data Regression ◽  
Analysis Technique ◽  
Data Regression ◽  
Equity Ratio ◽  
Statistical Analysis Software

This study aims to determine the issuance effect of sukuk on the financialperformance issuer in Indonesia Stock Exchange during 2011 to 2015. The independen variable that used is Sukuk to Equity Ratio and Sukuk to Liability Ratio. The dependen variable is Return on Assets. The analysis technique that used is panel data regression with Econometric Views (EViews) 8.0 as statistical analysis software. The samples are 10 sukuk issuers in Bursa Efek Indonesia. The results of this study showed that Sukuk to Equity Ratio and Sukuk to Liability Ratio there was a possitive and significant effect to Return on Assets

A mechanism to improve the allocation of public investment funds

2020 ◽  
Vol 26 (7) ◽  
pp. 1522-1533
Author(s):  
A.V. Larionov
Keyword(s):  
Panel Data ◽  
Random Effects ◽  
Public Investment ◽  
Allocative Efficiency ◽  
Investment Funds ◽  
The Public ◽  
Panel Data Regression ◽  
Data Regression ◽  
Efficiency And Effectiveness ◽  
Effective System

Subject. This article deals with the issue of improving the public investment allocative efficiency. Objectives. The article aims to develop an approach to improve the efficiency and effectiveness of public investment in the economy. Methods. The study is based on a panel data regression with random effects. Conclusions and Relevance. All sectors of the economy have different demand for investment resources attracted, determined by operational and technological aspects. The results of the study can be used to develop an effective system of public investment.

Determinants Of Capital Structure For Multinational And Domestic Companies In India: Panel Data Regression Model

2019 ◽  
Vol 118 (7) ◽  
pp. 147-154
Author(s):  
K. Maheswari ◽  
Dr. J. Gayathri ◽  
Dr. M. Babu ◽  
Dr.G. Indhumathi
Keyword(s):  
Panel Data ◽  
Capital Structure ◽  
Regression Model ◽  
Business Risk ◽  
Return On Assets ◽  
Panel Data Regression ◽  
Data Regression ◽  
Return On Capital ◽  
Domestic Companies ◽  
The Capital Structure

The capital structure refers to the components of capital needed to establish and expand its business activities. The study was made with an objective to examine the determinants of capital structure of multinational and domestic companies listed in S&P BSE automobile sector. The study concluded that there is significant impact on capital structure determinants such as size, business risk, non debt shield tax, return on assets, tangibility, profit, return on capital employed and liquidity on the capital structure of multinational and domestic companies of Indian Automobile Sector.  

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