scholarly journals Pengaruh Analisis Faktor Fundamental Terhadap Return Saham

2011 ◽  
Vol 2 (2) ◽  
pp. 85
Author(s):  
Perwito Perwito
Keyword(s):  
Time Series ◽  
Cross Sectional ◽  
Dividend Payout ◽  
Data Pooling ◽  
Return On Equity ◽  
Book Value ◽  
Times Series ◽  
Ex Post ◽  
Ratio Size ◽  
Ex Post Facto

Krisis yang terjadi pada tahun 2008 sangat mempengaruhi kinerja perusahaan-perusahaan yang terdaftar di Bursa Efek Indonesia, hal ini terlihat dengan menurunnya harga saham. Menurunnya harga saham tersebut tentunya akan berimplikasi pada return yang didapatkan oleh investor. Penelitian mengkaji dan menganalisis faktor-faktor fundamental terhadap return saham. Jenis dan sifat penelitian ini adalah ex post facto dan survey explanatory, adapun metode penelitian yang digunakan adalah metode yang bersifat deskriptif, komparatif, asosiatif, dan juga verifikatif. Variabel yang dianalisis terdiri dari; Variabel terikat (Y), dalam hal ini adalah return saham, sedangkan variabel bebas yang terdiri dari return on equity (ROE), earning per share (EPS), price earning ratio (PER), price book value (PBV), dan tingkat suku bunga. Populasi dalam penelitian ini terdiri dari perusahaan kelompok Industri Barang Konsumsi dan Keuangan yang terdaftar di Bursa Efek Indonesia periode 2002 s.d 2009 yang terdiri dari 31 perusahaan untuk kelompok industri barang konsumsi, dan 44 perusahaan pada kelompok keuangan. Data yang dianalisis merupakan gabungan antara data time series dan cross sectional, atau biasa disebut data pooling atau pooled times series, dengan 429 data sampel penelitian. Hasil penelitian menunjukkan, pertama; terdapat perbedaan return saham antara kelompok Industri Barang Konsumsi dan Keuangan, rata-rata total return saham yang dihasilkan oleh kelompok Keuangan relatif lebih besar jika dibandingkan dengan rata-rata return saham dari kelompok Industri Barang Konsumsi, hal tersebut mengindikasikan bahwa masing-masing kelompok industri memiliki return dan pertumbuhan yang berbeda-beda. Kedua; hasil penelitian ini menjelaskan bahwa nilai r sebesar 0,387 dan R² sebesar 0,1498, hal ini berarti pengaruh faktor fundamental terhadap return saham sebesar 14,98%, dan sisanya sebesar 85,02% dipengaruhi oleh faktor lain yang tidak dijelaskan dalam penelitian ini seperti return on asset, dividend dan dividend payout ratio, size, serta beta fundamental. Sehingga dapat disimpulkan secara simultan atau secara bersama-sama bahwa analisis faktor fundamental dapat digunakan untuk memprediksikan return saham pada perusahaan kelompok Industri Barang Konsumsi dan Keuangan. Sedangkan secara parsial hanya EPS berkontribusi paling kuat yakni 9,12%.

scholarly journals SUSTAINABILITY REPORTING AND FINANCIAL PERFORMANCE OF LISTED INDUSTRIAL GOODS SECTOR IN NIGERIA

2021 ◽  
pp. 46-56
Keyword(s):  
Stock Exchange ◽  
Social Performance ◽  
Pearson Correlation ◽  
Sustainability Reporting ◽  
Study Data ◽  
Cross Sectional ◽  
Return On Equity ◽  
Secondary Sources ◽  
Ex Post ◽  
Ex Post Facto

The aim of this paper is to examine how sustainability reporting affects the performance of listed industrial goods companies in Nigeria. For a period of ten years, from 2011 to 2020. This study used time-series and cross-sectional analysis of selected listed industrial goods companies on the Nigerian Stock Exchange. Ex-Post Facto research was used in this study. Data were gathered from secondary sources such as fact books and financial statements of the companies in Nigeria. Using E-View 9.0 statistical software, the data were statistically analyzed using Pearson correlation coefficient and multiple regression analysis. The findings of this study demonstrated that, at a 5% level of significance, sustainability reporting (as measured by economic, environmental, and social performance indices) has a positive significant effect on return on assets, return on equity and earnings per share. The study proposes, among other things, that a standardized Sustainability Index be adopted, since this will assist to put pressure on firms to pay greater attention to their environment and take sustainable development issues more seriously.

Pengaruh Jumlah Anggota dan Volume Usaha Terhadap Sisa Hasil Usaha Koperasi di Wilayah Indonesia Bagian Timur

2020 ◽  
Vol 2 (2) ◽  
pp. 69-86
Author(s):  
Imam Buchari
Keyword(s):  
Time Series ◽  
Cross Section ◽  
Fixed Effect ◽  
Ex Post ◽  
Ex Post Facto

       Penelitian ini bertujuan untuk mengetahui apakah Jumlah anggota koperasi dan Volume Usaha memiliki dampak terhadap Sisa Hasil Usaha koperasi di Wilayah Indonesia Bagian Timur. Metode penelitian yang digunakan Time Series dari 2011-2015 serta jumlah Cross Section sebanyak 5 Provinsi, dengan metode ex post facto. Data yang disajikan setiap tahun yang diperoleh dari Kementerian Koperasi dan UMKM Republik Indonesia. Penelitian ini menggunakan model regresi data panel efek dengan model fixed effect sebagai hasil pemilihan model regresi terbaik        Berdasarkan hasil analisis dapat disimpulkan bahwa jumlah Anggota secara parsial tidak berpengaruh terhadap Sisa Hasil Usaha Koperasi di Wilayah Indonesia Bagian Timur, kemudian Volume Usaha memiliki Pengaruh posifit dan signifikan terhadap Sisa Hasil Usaha Koperasi di Wilayah Indonesia Bagian Timur. Jumlah Anggota dan Volume Usaha secara simultan memiliki pengaruh signifikan terhadap Sisa Hasil Usaha Koperasi di Wilayah Indonesia Bagian Timur

Evidence for Some Underlying Time Series Momentum

2014 ◽  
pp. 205-217
Author(s):  
Faten Zoghlami
Keyword(s):  
Time Series ◽  
Stock Market ◽  
Stock Returns ◽  
Excess Returns ◽  
Momentum Strategy ◽  
Cross Sectional ◽  
Times Series ◽  
Before And After ◽  
Main Driver ◽  
Full Rationality

The chapter documents significant and momentary momentum pattern in stock returns times series. Moreover, the chapter gives evidence that this time series momentum is the main driver of the cross-sectional momentum pattern. The temporary time series momentum pattern is midway between the behavioural and rational financial theories. Given the strong and positive autocorrelation in stock returns time series, the authors argue that investors are temporary under reacting, and they progressively find their full rationality. Using monthly returns inherent to all stocks listed on Tunisian stock market, from January 2000 to December 2009, the authors examine momentum strategy’s excess returns before and after considering time series momentum in stocks returns. Results show that momentum strategy is still profitable, but no longer puzzling. Furthermore, the chapter aims to reconcile between the behavioural and the rational financial theories, through the introduction of the progressive investors rationality.

Validation of Rehabilitation Counseling Accreditation and Certification Knowledge Areas: Methodology and Initial Results

1993 ◽  
Vol 24 (4) ◽  
pp. 24-31 ◽  
Author(s):  
Edna Mora Szymanski ◽  
Donald C. Linkowski ◽  
Michael J. Leahy ◽  
Esther E. Diamond ◽  
Richard W. Thoreson
Keyword(s):  
Professional Practice ◽  
Rehabilitation Counseling ◽  
Ongoing Study ◽  
Rehabilitation Counselor ◽  
Times Series ◽  
Ex Post ◽  
Ex Post Facto ◽  
Certification And Accreditation ◽  
Counselor Certification ◽  
Initial Results

The purposes of this article are (a) to describe the methodology of an ongoing study to validate and update the knowledge for rehabilitation counseling accreditation and certification, and (b) to describe initial results of one facet of the study. The ongoing study uses descriptive, ex post facto, and times-series designs and uses three sampling frames, which are related to the certification and accreditation processes. Participants in the facet of the study reported herein were 1,025 counselors who renewed their certification in 1991. Validity of the knowledge standards of rehabilitation counselor certification and accreditation was supported by the finding that 52 of the 55 knowledge standards were rated as at least moderately important to professional practice.

“Economic and Political Integration in Europe: A Time-Series Quasi-Experimental Analysis”

1971 ◽  
Vol 65 (2) ◽  
pp. 418-433 ◽  
Author(s):  
James A. Caporaso ◽  
Alan L. Pelowski
Keyword(s):  
Time Series ◽  
Statistical Significance ◽  
Interrupted Time Series ◽  
Political Integration ◽  
Interrupted Time Series Analysis ◽  
Political Decision ◽  
Ex Post ◽  
Positive Growth ◽  
Ex Post Facto ◽  
Quasi Experimental

Changes in political decision-making outputs and trading activities in the European Economic Community are examined around three quasi-experimental events (formation of the EEC in 1958, first agricultural package in 1962, and the agricultural crisis in 1965–66). On the basis of a preliminary analysis, nine variables were selected for inclusion in the study (three political decision variables and six trade indicators); these were then subjected to “interrupted time-series analysis,” through which the quasi-experimental effects of the three events were assessed for statistical significance (t-tests and autocorrelation measures) and theoretical validity (through the elimination of plausible rival interpretations).Political integration in the EEC is viewed as (1) positive growth in system indicators, and (2) increased mutual responsiveness among the major components or subsystems of the EEC. Results of the quasi-experimental analyses suggest that despite high positive growth in the selected variables, mutual responsiveness among system parts remains quite low; therefore, the principal conclusion drawn is that the EEC is a “weakly” integrating system—a collection of structures growing rapidly in many directions, with each structure very imperfectly responsive to the behavior of others.The paper urges and attempts to demonstrate the methodological usefulness of applying the logic of experimentation to ex-post-facto research. This approach entails the demonstration that non-random variation in independent and dependent variables has occurred, that these variables are related in some way, and that the relationship is nonspurious—that is, that the important confounding variables have been controlled by eliminating plausible rival hypotheses through statistical and analytical procedures.

scholarly journals NILAI PERUSAHAAN: KEBIJAKAN HUTANG, KEBIJAKAN DIVIDEN DAN PROFITABILITAS

2020 ◽  
Vol 1 (01) ◽  
pp. 117-130
Author(s):  
Afif Taftazani ◽  
Eka Suryani
Keyword(s):  
Firm Value ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Secondary Data ◽  
Sampling Technique ◽  
Coefficient Of Determination ◽  
Dividend Payout ◽  
Return On Equity ◽  
Book Value ◽  
Equity Ratio

This study aims to determine the effect of Debt to Equity Ratio (DER), Dividend Payout Ratio (DPR) and Return on Equity (ROE) on the value of the company or Price to book value (PBV) on the Indonesia Stock Exchange. The type of this research is quantitative research. The Data on this research is secondary data derived by collectin from literature and documentation. The sample in this study is 16 companies which listed on the Indonesia Stock Exchange in the 2012-2017 period. The sampling technique uses a non-probability sampling method. To analyze the data using a panel data regression test with software Eviews 9. The results of the analysis show that a partial debt to equity ratio has a positive and significant impact on firm value (PBV), while dividend payout ratio and return on equity have no significant impact on company value (PBV). The coefficient of determination (R2) is 0.9378 or 93.78%. This shows that 93.78% of the company's value (PBV) is influenced by the debt to equity ratio, dividend payout ratio and return on equity. While the remaining 6.22% of the company's value (PBV) is influenced by other factors. Abstrak Penelitian ini bertujuan untuk mengetahui pengaruh debt to equity ratio (DER), divident payout ratio (DPR) dan  return on equity (ROE)  terhadap nilai perusahaan (Price to book value) (PBV) di Bursa Efek Indonesia. Jenis penelitian yang digunakan dalam penelitian ini adalah penelitian kuantitatif. Data dalam penelitian ini menggunakan data sekunder yang berasal dari kepustakaan dan dokumentasi. Sampel dalam penelitian ini adalah 16 perusahaan yang terdaftar dalam Bursa Efek Indonesia periode 2012-2017. Teknik pengambilan sampel dalam penelitian ini menggunakan metode non probality sampling. Analisis yang digunakan menggunakan uji regresi panel dengan software eviews 9.  Berdasarkan analisis data yang dilakukkan dalam analisis menunjukkan debt to equity  ratio secara parsial berpengaruh secara positif dan signifikan terhadap nilai perusahaan (PBV), sedangkan dividend payout ratio dan return on equity tidak berpengaruh terhadap nilai perusahaan (PBV). Koefisien determinasi (R2) sebesar 0,9378 atau sebesar 93,78%.  Ini menunjukkakn bahwa 93,78%  nilai perusahaan (PBV) dipengaruhi oleh debt to equity ratio, dividend payout ratio dan.  return on equity.  Sedangkan sisanya sebesar 6,22% nilai perusahaan (PBV) dipengaruhi oleh faktor lain

scholarly journals Nutritional Status of Primary Schoolgoing Santhal Children of Paschim Medinipur District, West Bengal, India

2021 ◽  
Vol 13 (1-2) ◽  
Author(s):  
Shimul Roy
Keyword(s):  
Nutritional Status ◽  
West Bengal ◽  
Current Situation ◽  
Cross Sectional ◽  
Health And Wellbeing ◽  
Ex Post ◽  
Ex Post Facto ◽  
Growing Conditions ◽  
Difficult Situations

ABSTRACT Rural tribal children of India are facing difficult growing conditions. It is very important to track the nutritional status of tribal children to understand their current situation. The present study was conducted to understand the nutritional status of Santhal children of Paschim Medinipur in West Bengal, India. The present study is cross-sectional, ex-post-facto research. The study depicts that nearly one-third of the study children are undernourished (26.38% stunted, 37.78% underweight, 25.73% thin). A higher percentage of underweight (41.6%), stunting (29.8%) and thinness (28%) can be observed among boys compared to the girls (33.6%, 22.6%, 23.3% respectively) in this area. The differences in the nutritional status of boys and girls are not statistically significant. The study concludes that Santhal children of this area are facing difficult situations concerning nutritional status, which indirectly indicates compromised health and wellbeing

scholarly journals Analysis of the determinants of dividend policy: evidence from manufacturing companies in Tanzania

2018 ◽  
Vol 2 (1) ◽  
pp. 18-30 ◽  
Author(s):  
Manamba Epaphra ◽  
Samson N. Nyantori
Keyword(s):  
Regression Models ◽  
Dividend Policy ◽  
Manufacturing Companies ◽  
Business Risk ◽  
Dividend Yield ◽  
Dividend Payout ◽  
Return On Equity ◽  
Book Value ◽  
Investment Opportunities ◽  
Retained Earnings

This paper examines the determinants of dividend policy of manufacturing companies listed on the Dar es Salaam Stock Exchange in Tanzania. Two measures of dividend policy namely, dividend yield and dividend payout are examined over the 2008-2016 period. In addition, three proxies of profitability namely return on assets ratio, return on equity ratio, and the ratio of earnings per share are applied in separate specifications. Similarly, investment opportunities are measured using the ratio of retained earnings to total assets and market to book value ratio. Other explanatory variables are liquidity, business risk, firm size, firm growth and gearing ratio. For inferential analysis, 12 regression models are specified and estimated depending on the measurements of dividend policy, profitability, and collinearity between retained earnings to total assets and market to book value ratios. Empirical results show that the determinants of dividend policy vary across the proxies of dividend policy, profitability and investment opportunities. On one hand, return on equity, retained earnings to total assets ratio, market to book value ratio, business risk and size of the firms tend to have a significant effect on dividend yield. On the other hand, liquidity, business risk, and retained earnings to total assets ratio seem to affect dividend payout. Meanwhile, return on asset ratio tends to have an effect on both dividend yield and dividend payout when excluding liquidity in the regression models. Overall, dividend yield as a measure of dividend policy and return on equity as measure of profitability provide better results. The main implication of these results is that managers should consider the major determinants of dividend yield ratio while formulating the appropriate dividend policy for a firm.

scholarly journals PERBEDAAN HOUSE INDEX (HI) SEBELUM DAN SESUDAH PENANGGULANGAN FOKUS DI KELURAHAN TAWANGANOM KECAMATAN MAGETAN KABUPATEN MAGETAN TAHUN 2018

2018 ◽  
Vol 16 (2) ◽  
Author(s):  
Fitria Rizki R ◽  
Koerniasari . ◽  
Sri Mardoyo
Keyword(s):  
T Test ◽  
P Value ◽  
Cross Sectional ◽  
Ex Post ◽  
Ex Post Facto

Demam Berdarah Dengue (DBD) merupakan penyakit yang jumlah penderitanya semakin meningkat setiap tahun dan penyebarannya semakin luas. Permasalahan yang dikaji dalam penelitian ini adalah upaya penanggulangan fokus (PF) meliputi Penyuluhan, Pemberantasan Sarang Nyamuk (PSN), Larvasidasi, Fogging.Penelitian ini bertujuan menganalisis perbedaan House Index (HI) sebelum dan sesudah penanggulangan fokus di Kelurahan Tawanganom Kecamatan Magetan Kabupaten Magetan. Jenis Penelitian ini menggunakan metode penelitian analitik Ex Post Facto dengan pendekatan cross sectional. Teknik pengumpulan data lebih diutamakan dengan cara observasi. Jumlah sampel 225 rumah atau kepala/anggota keluarga.Berdasarkan hasil uji T-test sampel berpasangan (paired-sampel T test) menunjukkan bahwa ada perbedaan yang bermakna House Index (HI) demam berdarah dengue antara sebelum dan sesudah penanggulangan fokus dengan p value (0,000) <α (0,005). Kesimpulan dalam penelitian ini adalah penanggulangan fokus dapat meningkatkan Angka Bebas Jentik khususnya House Index (HI) demam berdarah dengue di KPR Asabri I Tawanganom Indah RW.5 Kelurahan Tawanganom Kecamatan Magetan Kabupaten Magetan. Kata Kunci : House Index, Penanggulangan Fokus DBD.

scholarly journals El liderazgo inclusivo como estrategia para evitar el abandono escolar: opinión de las familias

2020 ◽  
Vol 38 (2 Jul-Oct) ◽  
pp. 45-66
Author(s):  
Emilio Crisol Moya ◽  
Mª Asunción Romero López
Keyword(s):  
Inclusive Education ◽  
Compulsory Education ◽  
Management Teams ◽  
School Level ◽  
Cross Sectional ◽  
Ex Post ◽  
Early School ◽  
Inclusive Schools ◽  
Ex Post Facto ◽  
Key Factor

Hablar de inclusión a nivel de centro inevitablemente lleva consigo hablar de una relación activa y positiva entre familia y escuela. En esta línea, se ha constatado la importancia de la participación de las familias en los centros escolares y su consecuente mejora en el rendimiento académico del alumnado; considerándose un factor clave en la prevención del abandono escolar. Este artículo se centra en determinar la perspectiva de las familias respecto al liderazgo inclusivo desarrollado por los equipos directivos, tales como los procesos de apertura hacia la comunidad y acciones que promuevan la participación, cooperación y reflexión hacia la diversidad en pro de un aprendizaje para todos. Se trata de una investigación cuantitativa de carácter descriptivo; la muestra estuvo compuesta por familiares de alumnos (N = 150). Utilizamos como herramienta el cuestionario: “Liderando la Educación Inclusiva” (LEI-Q). Los resultados muestran que las familias consideran que sus equipos directivos han implantado “sustancialmente” la mayor parte de las acciones que contribuyen a que sus centros sean inclusivos, promoviendo estrategias que reduzcan el abandono escolar. De esta manera se hace notable la necesidad de involucrar a las familias, para garantizar el éxito educativo y estimular a finalizar los estudios obligatorios y a continuar con una formación posterior. Talking about inclusion at a school level inevitably “involves an active and positive relationship between families and schools” (Simón, Giné y Echeita, 2016, p. 26). Along these lines, the importance of family participation in schools has been reported to lead to improvements in students’ academic performance, which, in turn, stands out as a key factor in the prevention of early school leaving. This article aims to determine the views of families on inclusive leadership measures developed by management teams, such as (i) opening the center to the community and the environment; and (ii) actions to encourage participation, address diversity, and prevent and manage conflict in centers so that learning can be for everybody. This is a descriptive quantitative investigation. In this sense, our sample is composed of students’ relatives (N = 150), who were asked to complete the questionnaire “Leading Inclusive Education” (LEI-Q) (León et al., 2016). This research is an ex post-facto cross-sectional investigation of a descriptive nature. The results obtained indicate that families perceive the efforts made by school management teams to foster inclusive schools, which, in turn, promotes strategies that reduce school dropout. In this way, it is essential to involve families in order to guarantee educational success and stimulate students’ completion of compulsory education and to continue their further training.

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