scholarly journals The effects of information content of cash flow statement, dividend payout ratio, economic value added and corporate social responsibility on stock trading volume

2021 ◽  
Vol 3 (1) ◽  
pp. 53-74
Author(s):  
Dwi Luvira Oktavianingsih ◽  
Otniel Safkaur ◽  
Pascalina V. S. Sesa

Purpose - This study aims to empirically test and analyze the influence of information content of cash flow statements, Dividend Payout Ratio (DPR), Economic Value Added (EVA) Corporate Social Responsibility (CSR) on the trading volume of empirical study stocks in manufacturing companies listed on the Indonesia Stock Exchange from 2014 to 2018.  Method - The number of samples used in this study was 169 taken from financial report on idx. The analytical techniques used were multiple regressions in order to obtain a comprehensive picture of the relationship between variable and each other. This research used a quantitative approach with its research population of companies included in the manufacturing sector listed on the Indonesia Stock Exchange in 2014- 2018..Result - Based on the results of this study, investment cash flow and Dividend Payout Ratio (DPR) significantly influenced the trading volume of stocks. Meanwhile, operating cash flow, funding cash flow, Economic Value Added (EVA) and Corporate Social Responsibility (CSR) had no significant effect on stock trading volume.Implication - This research is suggested to improve development of trading volume in investor decision making for investment and for companys’ performance assessment.Originality - This research is the study that used content of cash flow resporting information, dividend payout ratio, economic value added, corporate social responsibility on stock trading volume.

2020 ◽  
Vol 15 (2) ◽  
pp. 59-75
Author(s):  
Pascalina Sesa

  Abstract This research aims to test the influence of information content on the company's cash flow statement, dividend payout ratio, economic value added,and use the proxiesof the sizeof the company ( size ) and the growth of the company (growth)as a control variable. The sample selection criteria in this study use purposive sampling. This research uses an analysis tool in the form of SPSS 21.0 which is used to test the research hypothesis in the form of quantitative data. The results of this study suggest that: Investment cash flow information has a significant effect on stock trading volume. Meanwhile, information on operating cash flow,fund cashflow, dividend payout ratio, and economic value added has no significant effect on the trading volume of the company'sshares with Size and Growth as variable controls have no effect on the volume of stock trading. The resultsof this research should increase knowledge for investors in using financial information for investment decision making by assessing the company's performance more accurately. Keywords: Cash flow information; dividend payments; and economic value added; company size and company growth. Abstrak Penelitian ini bertujuan untuk menguji pengaruh dari kandungan informasi pada laporan arus kas perusahaan, dividend payout ratio, economic value added, dan menggunakan proksi ukuran perusahaan (size) dan pertumbuhan perusahaan (growth) sebagai variabel kontrol. Informasi sangat dibutuhkan oleh investor dalam membuat keputusan investasi saat ini. Salah satu informasi yang penting bagi investor dalam membuat keputusan investasi yaitu kinerja perusahaan. Kinerja perusahaan go public, salah satunya dapat berupa volume perdagangan saham. Volume perdagangan saham, dan harga saham adalah alat yang digunakan untuk penilaian individual para investor dalam membuat keputusan untuk membeli atau menjual saham. Kriteria pemilihan sampel dalam peneltian ini menggunakan teknik purposive sampling. Penelitian ini menggunakan alat analisis berupa SPSS 21.0 yang digunakan untuk menguji hipotesis penelitian. Hasil penelitian ini menjukkan bahwa: Informasi arus kas investasi berpengaruh signifikan terhadap volume perdagangan saham. Hal tersebut memberikan sinyal positif kepada para investor tentang jaminannya di masa yang akan datang. Selain itu, hasil arus kas investasi yang berpengaruh signifikan terhadap volume perdagangan saham menunjukkan bahwa para investor memperhatikan hasil dari investasi jangka panjang maupun pendek serta penjualan aktiva tetap yang dilakukan perusahaan. Sedangkan, Informasi arus kas operasi, arus kas pendanaan, dividend payout ratio, dan economic value added tidak berpengaruh signifikan terhadap volume perdagangan saham perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) dengan Size dan Growth sebagai variabel kontrol tidak berpengaruh terhadap volume perdagangan saham. Hal ini menunjukkan bahwa SIZE dan GROWTH tidak mengakui adanya keterikatan dengan AKO, AKI, AKP, DPR, dan EVA terhadap volume perdagangan saham. Hasil penelitian ini diharapkan mampu menambah pengetahuan bagi para investor dalam menggunakan informasi keuangan guna pengambilan keputusan untuk melakukan investasi di pasar modal. Dan diharapkan dapat menilai kinerja perusahaan yang berkaitan dengan keputusan investasi dalam lebih menggali informasi yang lebih akurat. Kata Kunci: Informasi arus kas operasi, arus kas investasi, arus kas pendanaan, pembayaran deviden, dan nilai tambah ekonomi, ukuran perusahaan dan pertumbuhan perusahaan


2019 ◽  
Author(s):  
Sorush Niknamian

Various studies have studied the effect of corporate social responsibility on the performance of organizations. The recent studies in this field specifically have considered the measurement of corporate social responsibility. The present study is aimed to measure the different dimensions of corporate social responsibility and their impact on the performance of firms based on economic value-added and cash value added. Based on the extensive concept of corporate social responsibility, to evaluate each of economic, legal and ethical dimensions, corporate social responsibility based on Carrol theory has applied a new method to quantify this qualitative concept. The statistical sample consists of 104 firms during 2007 to 2016. To test the study hypotheses, multi-variate regression model and pooled data methods are used. It was found that there was a positive and significant relationship between economic, legal and ethical dimensions of corporate social responsibility and value-added. It means that economic value added and cash value added are affected via corporate social responsibility in different dimensions and are increased.


Author(s):  
Aditia Abdurachman ◽  
Tieka Trikartika Gustyana

Banyak dari perusahaan yang membuat program Corporate Social Responsibility (CSR) hanya untuk kepentingan marketing. Apalagi pelaksanaan program CSR oleh industri rokok yang tidak dapat menanggulangi efek yang terjadi akibat bisnis yang mereka lakukan. Bukannya melakukan usaha untuk mencegah hal tersebut, perusahaan industri rokok justru menghabiskan berapa puluh miliar setiap tahunnya untuk berbagai iklan dan sponsor. Penelitian ini bertujuan untuk mengetahui pengaruh dari program CSR yang diukur dengan CSR Disclosure Index (CSRDI) Global Reporting Initiative G4 (GRI-G4) terhadap nilai perusahaan yang diukur menggunakan Economic Value Added (EVA) dan Market Value Added (MVA).Objek penelitian ini adalah perusahaan industri rokok yang terdaftar di Bursa Efek Indonesia (BEI) pada tahun 2012-2016 yang dipilih secara purposive sampling dengan kriteria setiap perusahaan konsisten dalam menerbitkan laporan tahunan hasil audit periode 2012-2016. Pengolahan dan analisis data menggunakan regresi data panel. Hasil dari penelitian ini adalah CSR memiliki pengaruh negatif tidak signifikan terhadap EVA dan CSR memiliki pengaruh negatif tidak signifikan terhadap MVA.


2011 ◽  
Vol 3 (2) ◽  
pp. 1-19
Author(s):  
Chermian Eforis ◽  
Rosita Suryaningsih

This study aims to determine the influence of the level of CSR disclosure in annual report to corporate values that proxies with Economic Value Added (EVA) and Market Value Added (MVA).   The objects of this study are companies that were included in Kompas 100 Edition of the second review in 2010.The chosen model of this research is simple regression which can be defined as a model that used the normal probability plot  for data normality test, DurbinWatson test for autocorrelation, graph plots to test heteroscedasticity, and saw the value of tolerance and VIF for multicollinearity test. Hypothesis is analyzed using simple regression method  The results showed that the level of CSR disclosure contained in the annual report has a significant influence on the EVA. The same results were also found on the MVA, where the level of CSR disclosure contained in the annual report has a significant influence on the MVA. Key words: Corporate Social Responsibility, Economic Value Added, Market Value Added


2018 ◽  
Vol 3 (1) ◽  
pp. 58-70
Author(s):  
Barbara Gunawan ◽  
Riska Yuanita

The research aimed at analyzing the influence of corporate social responsibility towards the financial performance moderated by foreign ownership in mining companies registered in Indonesian Stock Exchange in 2012- 2015. The subjects of the research were mining companies with 8 samples of 32 companies selected by using purposive sampling method. The analysis tool used was Moderator Regression Analysis (MRA).  The research used double regression analysis to test whether or not corporate social responsibility had positive influence towards return on equity, economic value added, and net profit margin. The research also used simple regression analysis to test whether or not foreign ownership moderates the relationship between corporate social responsibility and financial performance. The result of the research showed that corporate social responsibility had a significant influence towards return on equity, economic value added, and net profit margin. However, foreign ownership did not moderate the relationship between corporate social responsibility and financial performance.


2013 ◽  
Vol 3 (1) ◽  
Author(s):  
Mirna Amirya

<p><em>This paper describe</em><em>d</em><em> the added value of </em><em>C</em><em>orporate </em><em>S</em><em>ocial </em><em>R</em><em>esponsibility (CSR)</em><em> </em><em>and </em><em>I</em><em>ntellectual </em><em>C</em><em>apital (IC) viewed from the perspective of four</em><em> </em><em>value assessment.</em><em> </em><em>Four value assessment </em><em>consisted of </em><em>economic performance, reputation value, parenting</em><em> advantage</em><em>, and spiritual value. The conclusion show</em><em>ed</em><em> that based on the perspective of four value assessment, added value </em><em>of </em><em>economic performance us</em><em>ed</em><em> the formula of</em><em> </em><em>Economic Value Added (EVA) for CSR and Value Added Intellectual Capital (VAIC) for IC, reputation </em><em>value </em><em>us</em><em>ed</em><em> share prices and reputation quotient, parenting</em><em> advantage</em><em> </em><em>us</em><em>ed</em><em> the company's strategy, and </em><em>spiritual value us</em><em>ed</em><em> charity value.</em><em> </em></p> <p><em> </em></p> <p><strong><em></em></strong><em></em></p>


2019 ◽  
Vol 2 (3) ◽  
Author(s):  
Magister Manajemen

  JURNAL MANAJEMEN BISNISDAN KEWIRAUSAHAAN   Volume 02/No.3/Mei/2018                                                                     e-ISSN 2598-0289  Terbit enam kali dalam setahun. Berisi tulisan yang diangkat dari hasil penelitian di bidang Ilmu Manajemen dan Kewirausahaan.   Ketua Dewan PenyuntingProf. Ir. Carunia Mulya Firdausy, MA, Ph.D – Universitas Tarumanagara  Wakil Ketua Dewan PenyuntingDr. Eko Harry Susanto – Universitas Tarumanagara  Anggota Dewan Penyunting Dr. Ir. Agus Zainul Arifin, MM – Universitas TarumanagaraDr. Eddy Supriyatna MZ, M.HUM – Universitas TarumanagaraDr. Anas Lutfi, MM, MKN – Universitas IndonesiaDr. Hardius Usman, M.Si – Universitas IndonesiaDr. Indra Widjaja, SE, MM – Universitas TarumanagaraDr. Hetty Karunia Tunjung Sari – Universitas Tarumanagara   SekretariatMaria Benedicta, SEStephanie Pane, SE, MM    Alamat Penyunting dan Tata Usaha: Program Studi MM Untar, Kampus 1, Gedung Utama, Lantai 14, Jl. Let. Jen. S. Parman No. 1 Grogol, Jakarta 11440. Telp. (62-21) 5655806 dan Fax. (62-21) 5655808. Email: [email protected]        JURNAL MANAJEMEN BISNIS & KEWIRAUSAHAAN        Mei 2018, Volume  02, No.3                                                                                                    e-ISSN 2598-0289Halaman 1-139  STRATEGI PEMASARAN PT X DALAM MENINGKATKAN PENJUALANSudiman                                                                                                                                                                                   01-11 ANALISIS PENGARUH KINERJA PERUSAHAAN, KEBIJAKAN HUTANG, UKURAN PERUSAHAAN, DAN NILAI PERUSAHAANTERHADAP TINGKAT PENGEMBALIAN INVESTASI PADA PERUSAHAAN PROPERTY DAN REAL ESTATE YANGTERDAFTAR DI BEI PERIODE 2014-2016Julianti Levina Kosman dan Indra Widjaja                                                                                                                                 12-18 PENGARUH FINANCIAL RATIO DAN UKURAN PERUSAHAAN TERHADAP RETURN SAHAM PERUSAHAANBATU BARA YANG TERDAFTAR DI BEICaroline dan Yanuar                                                                                                                                                                                19-26 FAKTOR-FAKTOR YANG MEMPENGARUHI NIAT BERWIRAUSAHA PADA MAHASISWA S2 DI UNIVERSITASDI JAKARTA YANG MENDAPATKAN MATA KULIAH KEWIRAUSAHAANChristopher Arnold                                                                                                                                                                   27-36 PENGARUH AKTIVITAS RASIO, UKURAN PERUSAHAAN, STRUKTUR MODAL, LIKUIDITAS DAN DEBT RATIO TERHADAPPROFITABILITAS SUB SEKTOR MAKANAN DAN MINUMAN DI BEI 2009-2016Ariokunto Pangestu                                                                                                                                                                 37-45 PENGARUH EFIKASI DIRI DAN PENDIDIKAN TERHADAP INTENSI KEWIRAUSAHAAN DENGAN LINGKUNGAN SOSIALSEBAGAI VARIABEL MODERASIAndrew Bryan                                                                                                                                                                          46-53 PENILAIAN NILAI WAJAR SAHAM PT CIPUTRA DEVELOPMENT TBKSheane                                                                                                                                                                                     54-63 PENGAJUAN ANALISA MARKETING MIX-4PTERHADAP PURCHASE INTENTION PRODUK AQUA DI DKI JAKARTAAirin Anggraeni Sutedjo                                                                                                                                                            64-70 PENGARUH TRUST, COMMITMENT, COMMUNICATION DAN CONFLICT HANDLING TERHADAP CUSTOMER LOYALTYNASABAH TABUNGAN PT BANK PANIN TBK DI JAKARTAOllie Marcella                                                                                                                                                                            71-80 PENGARUH SUKU BUNGA, NILAI TUKAR RUPIAH, INFLASI DAN HARGA MINYAK DUNIA TERHADAP IHSG DI BEIReagan Wijaya Sumitra dan Carunia Mulya Firdausy                                                                                                                               81-92 ANALISA PENGARUH KUALITAS PELAYANAN, HARGA, DAN PROMOSI TERHADAP KEPUASAN PELANGGANPADA PERUSAHAAN PT. GARUDA INDONESIALucia Lanny                                                                                                                                                                             93-100 ANALISIS STRATEGI PEMASARAN TERKAIT KEPUTUSAN PEMBELIAN KONSUMEN  PADA PRODUK AKFIXWilson Anthony Chandra                                                                                                                                                         101-109 ANALISA KINERJA KEUANGAN PERUSAHAAN SESUDAH DAN SEBELUM RESTRUKTURISASI DENGANMETODE ECONOMIC VALUE ADDED  (STUDI KASUS PT M)Yoseano Adrianus dan Suwinto Johan                                                                                                                                       110-116 PENGARUH KINERJA LINGKUNGAN DAN LEVERAGE  TERHADAP PENGUNGKAPANCORPORATE SOCIAL RESPONSIBILITY PADA PERUSAHAAN SEKTOR PERTAMBANGAN, KIMIA DAN PERTANIANYANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2014-2016Hadi Swantara                                                                                                                                                                         117-123               PENGARUH PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY TERHADAPCORPORATE FINANCIAL PERFORMANCE PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIADenis dan Ignatius Roni Setyawan                                                                                                                                            124-132 STUDI STRATEGI PENGEMBANGAN KREDIT PADA USAHA MIKRO,KECIL, DAN MENENGAHOLEH BANK BUMN  DI DAERAH CIKARANG-JAWA BARAT KASUS BANK BRIHans Adrian                                                                                                                                                                             133-139      


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