scholarly journals The influence of profitability, firm size, productivity and reputation of the auditor on the rating of Sukuk.

2017 ◽  
Vol 12 (1) ◽  
pp. 13-27
Author(s):  
Galih Estu Pranoto ◽  
Ratna Anggraini ◽  
Erika Takidah
Keyword(s):  
Firm Size ◽  
Stock Exchange ◽  
Listed Company ◽  
Research Result ◽  
Secondary Data ◽  
Negative Influence ◽  
Natural Logarithm ◽  
Result Show ◽  
Equity Ratio ◽  
Auditor Reputation

The purpose of this research is to find out the effect between the profitability, firm size, productivity, and auditor reputation toward rating sukuk. Rating sukuk is the dependent variables in this research were measured by scoring technique based on Pefindo’s rating. For the independent variables in this research, using profitability were measured by return of equity ratio, firm size were measured by natural logarithm of total asset, productivity were measured by comparison sales with employees, auditor reputation using dummy method. This research using secondary data which is non bank companies from Indonesian Stock Exchange Listed Company and rated by Pefindo in 2009-2013. While the sampling method used was purposive method which is overall 35 sample choose. This research uses logistic ordinal regression to test the hypothesis with SPSS computer program. The research result show that produktivity and auditor reputation partially have a significant negative influence toward rating sukuk, while profitability and firm size have no significant influence toward rating sukuk.

scholarly journals PENGARUH PROFITABILITAS, UKURAN PERUSAHAAN, PRODUKTIVITAS, DAN REPUTASI AUDITOR TERHADAP PERINGKAT SUKUK

2017 ◽  
Vol 12 (1) ◽  
pp. 13
Author(s):  
Galih Estu Pranoto ◽  
Ratna Anggraini ◽  
Erika Takidah
Keyword(s):  
Firm Size ◽  
Stock Exchange ◽  
Listed Company ◽  
Research Result ◽  
Secondary Data ◽  
Negative Influence ◽  
Natural Logarithm ◽  
Result Show ◽  
Equity Ratio ◽  
Auditor Reputation

The purpose of this research is to find out the effect between the profitability, firm size, productivity, and auditor reputation toward rating sukuk. Rating sukuk is the dependent variables in this research were measured by scoring technique based on Pefindo’s rating. For the independent variables in this research, using profitability were measured by return of equity ratio, firm size were measured by natural logarithm of total asset, productivity were measured by comparison sales with employees, auditor reputation using dummy method. This research using secondary data which is non bank companies from Indonesian Stock Exchange Listed Company and rated by Pefindo in 2009-2013. While the sampling method used was purposive method which is overall 35 sample choose. This research uses logistic ordinal regression to test the hypothesis with SPSS computer program. The research result show that produktivity and auditor reputation partially have a significant negative influence toward rating sukuk, while profitability and firm size have no significant influence toward rating sukuk.

scholarly journals ANALISIS FAKTOR-FAKTOR TERHADAP UNDERPRICING SAHAM PERDANA

2018 ◽  
Vol 19 (2) ◽  
pp. 251-258
Author(s):  
INDRA ARIFIN DJASHAN
Keyword(s):  
Multiple Regression ◽  
Firm Size ◽  
Stock Exchange ◽  
Multiple Regression Model ◽  
Firm Age ◽  
Return On Equity ◽  
Price Earnings Ratio ◽  
Underwriter Reputation ◽  
Equity Ratio ◽  
Auditor Reputation

This research aims to determine the effect of firm age, firm size, return on equity, debt to equity ratio, price earnings ratio, auditor reputation and underwriter reputation on the level of underpricing. And to determine which variables are the most dominant effect on the IPO. Underpricing as measured by the initial return is the dependent variable in this research. This research was conducted with the support of the data Indonesia Stock Exchange (IDX), which is the company doing an IPO in 2009 until 2012. Sampling was conducted using a non-probability sample selection method (purposive sampling) resulted in 68 companies as the study sample. Multiple regression model was used to test the relationship between the dependent and independent variables. The results of multiple regression analysis showed that the variables auditor reputation and underwriter reputation on underpricing significantly affect the direction of the negative coefficients for both variables. While variable firm age, firm size, return on equity, debt to equity ratio, price earnings ratio proved to have no significant effect on the occurrence of underpricing.

scholarly journals ANALISA FAKTOR – FAKTOR YANG BERPENGARUH TERHADAP KETEPATAN WAKTU PELAPORAN KEUANGAN (STUDI EMPIRIS PADA PERUSAHAAN OTOMOTIF DAN KOMPONEN DAN TELEKOMUNIKASI YANG TERDAFTAR DI BURSA EFEK INDONESIA)

2016 ◽  
Vol 11 (2) ◽  
pp. 1
Author(s):  
Joko Suryanto ◽  
Indra Pahala
Keyword(s):  
Financial Reporting ◽  
Firm Size ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Statements ◽  
Public Ownership ◽  
Audit Opinion ◽  
Independent Variables ◽  
Equity Ratio ◽  
The Relationship

This research aims to examine the effect of the relationship between firm size, profitability, solvency, public ownership, and the audit opinion on the timeliness of financial reporting. The dependent variable in the form of timekeeping company deliver the financial statements to the Stock Exchange. Meanwhile for the independent variables such as firm size measured by total asets of the company, profitability is measured by profit margin ratio, solvency measured by debt-to-equity ratio, public ownership is measured by the percentage of the number of shares owned by the community, and the audit opinion is measured with an unqualified opinion and otherwise unqualified. This study uses secondary data with population automotive companies and telecommunications components and annual financial statements issued on the Stock Exchange in the period 2010-2012. From the analysis conducted in this study it can be concluded that the size of the company significantly influence the timeliness of financial reporting. While profitability, solvency, public ownership, and the audit opinion does not affect the timeliness of financial reporting.   Keywords:       Company Size, Profitability, Solvency, Public Shareholding, Opinion Audit and Financial Reporting Timeliness.

PENGARUH PROFITABILITAS, UKURAN PERUSAHAAN, KEPEMILIKAN INSTITUSIONAL DAN SOLVABILITAS TERHADAP AUDIT DELAY (STUDI EMPIRIS PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2015-2018)

2020 ◽  
Vol 12 (2) ◽  
pp. 214-230
Author(s):  
Ervina Gunawan ◽  
Karina Harjanto
Keyword(s):  
Firm Size ◽  
Stock Exchange ◽  
Secondary Data ◽  
Institutional Ownership ◽  
Total Asset ◽  
Manufacturing Companies ◽  
Financial Report ◽  
Natural Logarithm ◽  
Multiple Regression Method ◽  
Delay Dependent

The purpose of this research is to obtain empirical evidence about the effect of profitability, firm size, institutional ownership, and solvability towards audit delay. Dependent variable in this research is audit delay, and independent variables are profitability, firm size, institutional ownership, and solvability. The profitability was measured by return on asset (ROA), firm size was measured by natural logarithm (ln) total asset, institutional ownership was measured by number of shares owned by institution divided by outstanding share, and solvability was measured by debt to total asset ratio (DAR). The object of this research is manufacturing companies listed on the Indonesia Stock Exchange (IDX). The sample of this research was selected by using purposive sampling method. Secondary data taken from annual report and financial report also analyzed by using multiple regression method. There are 21 manufacture firms selected as sample that had been listed on the IDX since 2015-2018. The result of this research are (1) profitability has no effect toward audit delay, (2) firm size has effect toward audit delay, (3) institutional ownership has effect toward audit delay, (4) Solvability has no effect toward audit delay, (5) profitability, firm size, institutional ownership, and solvability simultaneously have effect toward audit delay.   Keywords: Audit delay, Firm Size, Institutional Ownership, Profitability, Solvability

scholarly journals UKURAN PERUSAHAAN DAN TINGKAT LEVERAGE SEBAGAI PENDORONG PENERAPAN HEDGING UNTUK MENEKAN RISIKO IDIOSINKRATIK

AJAR ◽  
2019 ◽  
Vol 2 (02) ◽  
pp. 19-48
Author(s):  
Cesilia Novita Simarmata ◽  
Suwandi Ng ◽  
Fransiskus E. Daromes
Keyword(s):  
Firm Size ◽  
Factor Model ◽  
Stock Exchange ◽  
Investment Decision ◽  
Idiosyncratic Risk ◽  
Natural Logarithm ◽  
Investment Decision Making ◽  
Equity Ratio ◽  
Fama And French

This research aims to investigate the role of firm size and leverage to be determinants of hedging application in order to suppress idiosyncratic risk. This research measured firm size using natural logarithm of total assets, debt to equity ratio for leverage, dummy variable for hedging activity, and Three Factor Model by Fama and French for idiosyncratic risk. The main theory used in these research are signaling theory and agency theory. The population used is non-financial companies listed on the Indonesian Stock Exchange for period of 2013-2017. The number of samples are 94 firms each year, selected by purposive sampling method. This research used documentary data, such as the annual report and financial statements. This research also used path analysis to analyze the data and sobel test to analyze the mediation role of hedging. The results of this research show that firm size and leverage have a positive and significant effect to hedging. Firm size has a positive but not significant effect to idiosyncratic risk, whilst leverage has a positive and significant effect to the latter. Firm size has a significant effect to idiosyncratic risk through hedging activity as mediator. Surprisingly, leverage does not need hedging to mediate its effect to idiosyncratic risk. This research is expected to be a reference for management to improve firm performance so it could gain investor trusts through hedging application as financial strategy. Investor could also use the results of this research as considerations for investment decision making.

scholarly journals The Determinants of Income Smoothing: Study of Indonesian Manufacturing Companies

2021 ◽  
Vol 3 (2) ◽  
pp. 50-61
Author(s):  
Sherly Tiana ◽  
Karina Harjanto
Keyword(s):  
Firm Size ◽  
Stock Exchange ◽  
Secondary Data ◽  
Income Smoothing ◽  
Manufacturing Companies ◽  
Financial Leverage ◽  
Dividend Payout ◽  
Natural Logarithm ◽  
Negative Effect ◽  
Positive Effect

The purpose of this research is to obtain empirical evidence about the effect of profitability, financial, dividend payout ratio and firm size towards income smoothing. The dependent variable of this research is income smoothing measured by Eckel Index. The independent variables of this research are profitability measured by Net Profit Margin (NPM), financial leverage measured by Debt to Assets Ratio (DAR), Dividend Payout Ratio (DPR), and firm size measured by natural logarithm assets. The samples were determined based on purposive sampling method. The sample of this research are 11 manufacture companies that listed in Indonesian Stock Exchange (IDX) in 2016-2018. Secondary data used in this research was analyzed by using logistic regression method. The result of this research are (1) profitability (NPM) has no positive effect towards income smoothing, (2) financial leverage (DAR)  has no positive effect towards income smoothing, (3) Dividend Payout Ratio (DPR) has no positive effect towards income smoothing, (4) firm size  has significant negative effect towards income smoothing, (5) profitability, financial leverage, Dividend Payout Ratio, and firm size has significant effect towards income smoothing.

scholarly journals Pengaruh Dari Intensitas Modal dan Tangibility Terhadap Kinerja Keuangan Perusahaan (Studi Empiris Pada Perusahaan Asuransi dan Perbankan Yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2011-2015)

InFestasi ◽  
2018 ◽  
Vol 14 (1) ◽  
pp. 80
Author(s):  
M Aldy ◽  
Sany Dwita ◽  
Mayar Afriyenti
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Secondary Data ◽  
Sampling Technique ◽  
Capital Intensity ◽  
Negative Influence ◽  
Financial Statement ◽  
Firm Financial Performance ◽  
Equity Ratio ◽  
Independent Variable

This study aims to examine the influence of capital intensity and tangibility for firm financial performance. Financial performance is the dependent variable in this study that measured by ROA (Return on Asset).Independent variable in this study are capital intensity andtangibility, using the proxies of CIR (Capital Intensity Ratio)and DER (Debt to Equity Ratio). This study uses secondary data from financial statement of banking and insurances companies listed on Indonesian Stock exchange (IDX) for the period of 2011 to 2015. The purposive sampling technique was used to choose the study’s sample, resulting with 30 banking and 10 insurances companies. The data were analyzed using multipleregression to test the hypotheses formulated in this study. The results of this study show that partially,capital intensity and tangibility variablehave significant negative influence on capital structure. Whereas simultaneously, both have significant influence on financial performance. The resulted adjusted-R square, 56.6 percent, indicatesthat5.6percentof the changes in the value of the dependent variable can be explained by the changesin the values of the independent variables, namely, capital intensity and tangibilitywhile the remaining 43.4 percentchanges are explained by other variable outside the model.

Corporate Governance and Corporate Profitability of Listed Diversified Holding Companies in Sri Lanka

2018 ◽  
Vol 8 (1) ◽  
pp. 294
Author(s):  
S. Anandasayanan ◽  
T. Velnampy
Keyword(s):  
Corporate Governance ◽  
Firm Size ◽  
Stock Exchange ◽  
Secondary Data ◽  
Well Being ◽  
Least Square ◽  
Return On Assets ◽  
Holding Companies ◽  
Equity Ratio ◽  
The Impact

Corporate Governance is basically concerned with ways in which all parties interested in the well-being of the firm (the stakeholders) attempt to ensure that managers and other insiders are always taking appropriate measures and adopting mechanisms that safeguard the interests of the stakeholders. The purpose of the study is to find out the impact of corporate governance on corporate profitability of Diversified Holding companies listed in Colombo Stock Exchange. Secondary data were used for the study.17 companies out of 20 were selected based on the availability of the data during the study period. In this study board size and board composition and CEO duality were considered as independent variables and Return on Assets (ROA) was used as profitability measurement. Further debt to equity ratio and firm size were considered as control variables. Hypotheses were tested using panel Least Square regression analysis. Descriptive statistics were computed for the Diversified Holding companies to represent the main characteristics of the study variables. The findings revealed that the influence of corporate governance on corporate profitability was statistically significant while debt to equity ratio and firm size have insignificant impact on corporate profitability.

scholarly journals PENGARUH FREE CASH FLOW, PERTUMBUHAN PERUSAHAAN, RETURN ON ASSETS, CASH RATIO, DEBT TO EQUITY RATIO DAN FIRM SIZE TERHADAP KEBIJAKAN DIVIDEN (Studi Empiris pada Perusahaan Sektor Industri Barang Konsumsi yang Terdaftar di Bursa Efek Indonesia Periode 2015

2020 ◽  
Vol 12 (1) ◽  
pp. 44-67
Author(s):  
Elisa Tjhoa
Keyword(s):  
Cash Flow ◽  
Firm Size ◽  
Stock Exchange ◽  
Secondary Data ◽  
Free Cash Flow ◽  
Return On Assets ◽  
Dividend Payout ◽  
Regression Methods ◽  
Negative Effect ◽  
Equity Ratio

Abstract- The company’s decision on the distribution of dividend, as one of the returns expected by investors aside of capital gain, is an important decision due to its impacts on company’s value and shareholders’ wealth. The purpose of this research is to obtain empirical evidence regarding the determinants on Dividend Payout Ratio, namely Free Cash Flow, Company’s Growth, Return on Assets, Cash Ratio, Debt to Equity Ratio, and Firm Size (Empirical Study on Consumption Goods Industry Companies Listed on Indonesia Stock Exchange between 2015-2017). The samples in this study were selected through purposive sampling method and secondary data were analyzed through multiple linear regression methods. In total, 13 companies were used as samples. The result of this study showed Free Cash Flow, Cash Ratio and Firm Size partially have significant and positive effect towards Dividend Payout Ratio, and Company’s Growth has significant and negative effect towards Dividend Payout Ratio. While Return on Assets and Debt to Equity Ratio has no significant effects toward Dividend Payout Ratio.  Free Cash Flow, Company’s Growth, Return on Assets, Cash Ratio, Debt to Equity Ratio and Firm Size simultaneously have significant effect toward Dividend Payout Ratio (DPR).   Keywords: Cash Ratio, Debt to Equity Ratio, Dividend Payout Ratio, Firm Size, Free Cash Flow, Growth, Return on Assets

scholarly journals Pengaruh Debt to Equity Ratio, Total Assets Turnover, Firm Size, dan Current Ratio terhadap Return on Assets

2021 ◽  
Vol 2 (1) ◽  
pp. 57-69
Author(s):  
Aurick Chandra ◽  
Felicia Wijaya ◽  
Angelia ◽  
Keumala Hayati
Keyword(s):  
Firm Size ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Negative Influence ◽  
Research Approach ◽  
Manufacturing Companies ◽  
Return On Assets ◽  
Current Ratio ◽  
Study Results ◽  
Equity Ratio

Purpose: This study aimed to examine and analyze the effects of the Debt to Equity Ratio (DER), Total Assets Turnover (TATO), firm size, and Current Ratio (CR) on Return on Assets (ROA) on the manufacturing companies listed on the Indonesia Stock Exchange from 2017 to 2019 Research methodology: This research approach used quantitative research with descriptive research type. The research sample was determined by purposive sampling method to obtain 93 manufacturing companies listed on the Indonesia Stock exchange in 2017-2019. Results: The study results with simultaneous hypothesis testing showed that the Debt to Equity Ratio, Total Assets Turnover, firm size, and Current Ratio had a significant influence on the Return on Assets. Partial testing of the hypothesis showed that the Debt to Equity Ratio had a negative influence and significant on the Return on Assets. Total assets turnover and firm size had a positive influence and significance on the Return on Assets. However, the Current Ratio had no influence and was not significant on the Return on Assets. Limitations: The use of historical data and variables was limited, only three years and five variables. Contribution: This research can be used for adding knowledge in the financial field, especially for those who want to invest in a company by seeing the Return on Assets ratio. Keywords: Debt to Equity Ratio (DER), Total Assets Turnover (TATO), Firm Size, Current Ratio (CR), Return on Assets (ROA)

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