Financial ratios and book value of shares for selected money transfer companies listed on the Iraq Stock Exchange

The study examined the nexus between the financial ratio and book value of shares for Iraqi money transfer companies. The data used was extracted from the financial reports of selected money transfer companies listed on the Iraq Stock Exchange, and a descriptive, correlation and panel least square regression technique were adopted for the analysis. The result revealed that the financial ratio captured by earnings per share (EPS), return on investment (ROI) and return on assets (ROA) were positively related with the book value of shares (BVAL), while debt ratio (DER) was negatively related with BVAL. Also, EPS, ROA, ROI and DER positively influenced BVAL. Thus, the engagement of competent and qualified personnel to manage the assets and investments in order to ensure optimal returns is urgently required. There is also a need for proper issuing of shares by the management of money transfer companies to ensure free access to the stock market.

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The effect of applying institutional governance principles in the accounting disclosure of service companies listed on the ASE

Management Science Letters ◽

10.5267/j.msl.2021.5.005 ◽

2021 ◽

Vol 11 (9) ◽

pp. 2359-2370 ◽

Cited By ~ 1

Author(s):

Zeyad Almatarneh ◽

Abdelrahim Kadomi ◽

Younes AlShobaki ◽

Ala Albawwat

Keyword(s):

Board Of Directors ◽

Stock Exchange ◽

Return On Assets ◽

Institutional Governance ◽

Accounting Disclosure ◽

Financial Reports ◽

Service Companies ◽

Earnings Per Share ◽

Study Population ◽

The Impact

The study aimed to identify the impact of the application of institutional governance principles in the accounting disclosure of service companies listed on the Amman Stock Exchange (ASE). The study collected the financial statements of companies during the period 2014-2019, and the extent of applying the principles of institutional governance was measured through indicators included (board of directors’ size, board of directors’ independence, and concentration of ownership). Accounting disclosure was also measured by return on assets and earnings per share. The study population consisted of service companies listed on the ASE, and the study used the random sample where the number of companies included in the study population (14) companies. The required data was obtained throughout the financial reports of companies published on ASE website as a study sample. The results showed a statistically significant effect on the application of institutional governance principles using their instruments (board of directors’ size, board of directors’ independence, and concentration of ownership) in accounting disclosure (return on assets, earnings per share). In the light of the previous results, the study presented several recommendations, which most importantly: The need to adhere to the principles and rules of institutional governance in a way that assists to protect the rights and interests of shareholders.

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Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Mediasi (Studi Pada Perusahaan BUMN yang terdaftar di Bursa Efek Indonesia Periode Tahun 2016-2018)

Ekspansi: Jurnal Ekonomi, Keuangan, Perbankan dan Akuntansi ◽

10.35313/ekspansi.v12i1.1888 ◽

2020 ◽

Vol 12 (1) ◽

pp. 77-94

Author(s):

Hamdan Arif Fatoni Fatoni

Keyword(s):

Corporate Governance ◽

Stock Exchange ◽

Sample Selection ◽

Partial Least Square ◽

Least Square ◽

Return On Assets ◽

Book Value ◽

Purposive Sampling ◽

Company Value ◽

Good Corporate Governance

Salah satu tujuan perusahaan adalah untuk meningkatkan kesejahteraan atau memaksimalkan kekayaan pemegang saham (stockholders) melalui peningkatan nilai perusahaan. Nilai perusahaan dapat dipengaruhi oleh bebrapa faktor, diantaranya ialah jumlah aset perusahaan dan seberapa lama perusahaan berdiri dan juga melalui tata kelola perusahaan yang baik atau good corporate governance (GCG). Nilai suatu perusahaan dapat dikatakan baik apabila tata kelola perusahan dilaksanakan dengan baik. Dengan menerapkan GCG yang baik akan meningkatkan keuntungan dan mengurangi risiko kerugian di masa yang akan datang sehinga dapat mengangkat nilai perusahaan. Tujuan penelitian ini untuk mengetahui bagaimana pengaruh Good Corporate Governance (GCG) secara langsung dan tidak langsung dengan adanya profitabilitas terhadap nilai perusahaan. Penelitian ini dilakukan pada perusahaan BUMN yang terdaftar di Bursa Efek Indonesia (BEI) pada tahun 2016-2018. Pemilihan sampel dalam penelitian ini berdasarkan metode purposive sampling dan diperoleh 16 perusahaan sampel dengan menggunakan teknik analisis data Partial Least Square (PLS). Dari hasil penelitian menunjukkan bahwa Good Corporate Governance (GCG) berpengaruh signifikan terhadap nilai perusahaan. Good Corporate Governance (GCG) berpengaruh tidak signifikan terhadap profitabilitas dengan proksi Return On Asset. Profitabilitas dengan proksi Return On Asset berpengaruh tidak signifikan terhadap nilai perusahaan dengan proksi Price Book Value. Good Corporate Governance (GCG) berpengaruh tidak signifikan secara tidak langsung terhadap nilai perusahaan yang diukur dengan Price Book Value melalui profitabilitas yang diukur dengan Return on Asset. Kata Kunci: Good Corporate Governance (GCG), Nilai Perusahaan, Profitabilitas Abstrac One of the company's goals is to increase welfare or maximize the wealth of shareholders (stockholders) by increasing the value of the company. Company value can be influenced by several factors, including the amount of company assets and how long the company stands and through Good Corporate Governance (GCG). The value of a good company as if the governance of the company is implemented well. By implementing good, GCG will increase profits and reduce the risk of loss in the future. So it can lift the value of the company. The purpose of this study is to determine the effects of Good Corporate Governance (GCG) both directly and indirectly with profitability on a company value. This research is conducted at state-owned companies listed on the Indonesia Stock Exchange (IDX) in 2016-2018. The sample selection of this study is based on the purposive sampling method and obtained 16 sample companies using Partial Least Square (PLS) data analysis techniques. The results of this study indicated that Good Corporate Governance (GCG) impacted the significant effect on company value. Good Corporate Governance (GCG) has no impact on profitability with the Return On Assets proxy. While profitability with the Return On Asset proxy is not affected by the value of the company with a Value Book Value proxy. Good Corporate Governance (GCG) has an indirect effect on the value of the company as measured by the Price of the Book Price through profitability using Return on Assets. Keyword: Keywords: Good Corporate Governance (GCG), Company Value, Profitability

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Analisis Pengaruh Return on Assets, Debt to Equity Ratio dan Return on Equity terhadap Earnings Per Share (Studi Empiris pada Perusahaan Sektor Industri Dasar dan Kimia yang Terdaftar di BEI Periode 2014-2018)

Jurnal Manajemen Bisnis dan Kewirausahaan ◽

10.24912/jmbk.v5i3.11859 ◽

2021 ◽

Vol 5 (3) ◽

pp. 255

Author(s):

Sanny Sanny

Keyword(s):

Data Analysis ◽

Stock Exchange ◽

Sampling Technique ◽

Least Square ◽

Return On Assets ◽

Return On Equity ◽

Purposive Sampling ◽

Earnings Per Share ◽

Equity Ratio ◽

Industry Sectors

This study aims to analyze the effect of return on assets, debt to equity ratio, and return on equity to earnings per share. This study took as many as 41 companies in the basic and chemical industry sectors listed on the Indonesia Stock Exchange in the 2014-2018 period determined by purposive sampling technique. Data analysis was performed using the robust least square (RLS) method. The results of the study prove that partially return on assets and return on equity have a significant effect on earnings per share, but the debt to equity ratio has not been able to provide a significant effect on earnings per share. This finding also proves that simultaneous return on assets, debt to equity ratio and return on equity have a significant effect on earnings per share. Penelitian ini bertujuan untuk menganalisis pengaruh return on assets, debt to equity ratio, dan return on equity terhadap earnings per share. Penelitian ini mengambil subjek yaitu sebanyak 41 perusahaan sektor industri dasar dan kimia yang terdaftar di Bursa Efek Indonesia dalam periode 2014-2018 yang ditentukan dengan teknik purposive sampling. Analisis data dilakukan dengan metode robust least square (RLS). Hasil penelitian membuktikan bahwa secara parsial return on assets dan return on equity berpengaruh signifikan terhadap earning per share, namun debt to equity ratio belum mampu memberikan pengaruh yang signifikan terhadan earnings per share. Temuan ini juga membuktikan bahwa secara simultan return on assets, debt to equity ratio dan return on equity berpengaruh signifikan terhadap earning per share.

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THE EFFECT OF CORPORATE FINANCIAL RATIO UPON THE COMPANY VALUE

The Accounting Journal of Binaniaga ◽

10.33062/ajb.v3i2.245 ◽

2018 ◽

Vol 3 (02) ◽

pp. 75

Author(s):

Kamilah Sadi’ah

Keyword(s):

Firm Value ◽

Stock Exchange ◽

Sampling Technique ◽

Financial Ratios ◽

Return On Assets ◽

Dividend Payout ◽

Financial Ratio ◽

Book Value ◽

Company Value ◽

Equity Ratio

This study aimed to get empirical evidence about the effect of corporate financial ratios consists of return on assets, dividend payout ratio and debt-to equity ratio on the firm value. Firm value uses a price-to book value (PBV) by calculating the price market per share divided by book value per share. Population of this research is the companies listed in LQ45 on the Indonesia Stock Exchange in 2015-2016 which some 45 companies using total sampling technique. Methods of data analysis using descriptive statistical analysis and multiple linear regression. These results indicate that corporate financial ratios consists of return on assets, dividend payout ratio and debt-to equity ratio have a significant effect simultaneously on the firm value. However, partial test results showed that return on assets and dividend payout ratio have a significat effect on the firm value. While the debt-to equity ratio has no significant effect on the firm value.Key words: price-to book value, return on assets, dividend payout ratio, firm value.

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Pengaruh ROA, DER, EPS, PER, DAN PBV Terhadap Harga Saham

Jurnal ULTIMA Accounting ◽

10.31937/akuntansi.v5i2.149 ◽

2013 ◽

Vol 5 (2) ◽

pp. 1-16

Author(s):

Nerissa Arviana ◽

Narumi Lapoliwa

Keyword(s):

Sampling Method ◽

Investment Decision ◽

Secondary Data ◽

Share Price ◽

Return On Assets ◽

Financial Reports ◽

Financial Ratio ◽

Book Value ◽

Purposive Sampling ◽

Equity Ratio

The purpose of this research was to analyze the effect of financial ratio towards share price. Financial ratio can be used by investor to analyze the share price before investor made an investment decision. Financial ratio used in this research were profitability ratio measured by return on assets and earning per shares, solvability measured by debt to equity ratio, and market ratio measured by price earning ratio and price to book value. The samples used in this research were 25 companies. These samples were the companies that listed at Indonesia Share Exchange (IDX) for period 2009 until 2011 and meet the criteria sampling of this study. The samples were determined based on purposive sampling method. Data that used in this research was secondary data, such as share price and financial reports. The results of this research were (1) there were significant effect of debt to equity ratio, earning per shares, and price book to value ratio towards share price (2) there was no significant effect of return on assets and price earning ratio towards share price. Keyword: Debt to Equity Ratio, Earning Per Share, Financial Ratio, Price Earning Ratio, Price to Book Value, Return On Assets, Share Price

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The Effect of Return On Assets and Return On Equity To Earning Per Share and Price Book Value In Sub-Sectors of Construction Companies Listed In Indonesia Stock Exchange In 2015-2018

Quantitative Economics and Management Studies ◽

10.35877/454ri.qems87 ◽

2020 ◽

Vol 1 (3) ◽

pp. 204-218

Author(s):

Shofi Malina ◽

I Gede Arimbawa ◽

Ani Wulandari

Keyword(s):

Negative Impact ◽

Stock Exchange ◽

Building Construction ◽

Significant Positive Effect ◽

Return On Assets ◽

Return On Equity ◽

Book Value ◽

Construction Companies ◽

Earnings Per Share ◽

Positive Effect

The purpose of the research is to analyze the effect of return on assets and return on equity on earnings per share and price book value in building construction sub sector companies listed on the Indonesia Stock Exchange in 2015-2018. The population of this research was the building construction companies listed on the Indonesia Stock Exchange during 2015-2018. The sample used was 10 construction companies with a purposive sampling method. Data collection techniques used in the documentation were in the form of secondary data and library research. The analysis was using path analysis. It was revealed that the return on assets has a significant negative effect and return on equity have a significant positive effect on earnings per share. While return on equity has a significant positive effect and earnings per share has a significant negative impact on price book value. However, return on assets does not have a significant effect on price book value.

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The Effect of Return On Assets and Return On Equity To Earning Per Share and Price Book Value In Sub-Sectors of Construction Companies Listed In Indonesia Stock Exchange In 2015-2018

Quantitative Economics and Management Studies ◽

10.35877/454ri.qems1387 ◽

2020 ◽

Vol 1 (3) ◽

Author(s):

Shofi Malina ◽

I Gede Arimbawa ◽

Ani Wulandari

Keyword(s):

Negative Impact ◽

Stock Exchange ◽

Building Construction ◽

Significant Positive Effect ◽

Return On Assets ◽

Return On Equity ◽

Book Value ◽

Construction Companies ◽

Earnings Per Share ◽

Positive Effect

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RISK ATTITUDES IN THE BOARD ROOM AND COMPANY PERFORMANCE: EVIDENCE FOR AN EMERGING ECONOMY

Annals of Financial Economics ◽

10.1142/s2010495216500196 ◽

2016 ◽

Vol 11 (04) ◽

pp. 1650019

Author(s):

DENICE BODEUTSCH ◽

PHILIP HANS FRANSES

Keyword(s):

Stock Returns ◽

Recent Literature ◽

Stock Exchange ◽

Market Value ◽

Emerging Economy ◽

Board Members ◽

Risk Attitudes ◽

Company Performance ◽

Book Value ◽

Earnings Per Share

We personally interview thirteen board members of seven (out of the ten) companies listed at the Suriname Stock Exchange and ask questions about their past and current decisions and on their risk attitudes. Next, we correlate the answers to company performance in between 2003–2011, like earnings per share, stock returns, book value and market value. Recent literature on risk attitudes in the board, which usually draws on western economies, guides our formulation of hypotheses. At the same time we also perform some exploratory analyses. Our main result is that, for this emerging economy, more risk adversity leads to better firm performance.

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Pengaruh Kinerja Keuangan terhadap Simpanan Dana Pihak Ketiga Melalui Nisbah Bagi Hasil (Studi Kasus Bank Umum Syariah di Indonesia Periode 2012-2015)

AKUNTABEL ◽

10.29264/jakt.v14i2.1907 ◽

2018 ◽

Vol 14 (2) ◽

pp. 129

Author(s):

Ayu Annisa ◽

Isna Yuningsih ◽

Rusliansyah Rusliansyah

Keyword(s):

Financial Performance ◽

Revenue Sharing ◽

Profit Sharing ◽

Partial Least Square ◽

Least Square ◽

Capital Adequacy ◽

Third Party ◽

Return On Assets ◽

Financial Reports ◽

Operating Income

This study aims to determine the effect of the financial performance of third party funds through revenue sharing on Islamic banks during the period of the first quarter of 2012 until the second quarter 2015. The number of samples in this study are 7 companies, which are taken according to specific criteria banking company sharia is still registered during the observation period 2012-2015 which publishes quarterly financial reports during the study period Then hypothesis testing is done by using partial least square (PLS) 3.2.4. The results showed that a statistically significant effect on the financial performance of third party funds, financial performance significant effect on revenue sharing, profit sharing ratio did not significantly affect third-party funds and financial performance did not significantly affect third-party funds through revenue sharing.Keywords: Third-party funds, ratio of profit sharing, capital adequacy ratio (CAR), Non Performing Financing (NPF), Return on Assets (ROA), Operating Expenses Operating Income (ROA), and Financing to Deposit to ratio (FDR)

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PENGARUH FAKTOR FUNDAMENTAL TERHADAP PENILAIAN SAHAM PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

Al-KALAM JURNAL KOMUNIKASI, BISNIS DAN MANAJEMEN ◽

10.31602/al-kalam.v4i2.968 ◽

2017 ◽

Vol 4 (2) ◽

pp. 78

Author(s):

Muthia Harnida

Keyword(s):

Firm Size ◽

Stock Exchange ◽

Manufacturing Companies ◽

Present Value ◽

Return On Assets ◽

Stock Valuation ◽

Financial Report ◽

Fundamental Factor ◽

Earnings Per Share ◽

Price Earnings Ratio

The approaches of stock valuation can be used by the investor using the approaches of present value and price earnings ratio. This research is to investigate the effect of fundamental analysis on the stock valuation using the approach of price earnings ratio. The fundamental factor uses some variables such as dividend yield, return on assets, leverage, firm size and growth of earnings per share. The sample is manufacturing companies listed in Indonesian Stock exchange for the period of financial report of 2013 until 2015. The result indicates that statistically dividend yields, leverage, firm size, and return on assets have significant effect on the stock valuation of price earnings ratio, but growth of earnings per share does not affect the stock valuation.

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