scholarly journals The Impact of Companies' Internal Factors On The Performance of Their Stock Returns

2019 ◽  
Vol 2 (1) ◽  
pp. 120-149
Author(s):  
Erifa Aldiena ◽  
Muhammad Hanif al Hakim
Keyword(s):  
Stock Returns ◽  
Time Series Data ◽  
Series Data ◽  
Return On Assets ◽  
Internal Factors ◽  
Book Value ◽  
Depth Analysis ◽  
Net Profit ◽  
Equity Ratio ◽  
The Impact

It is commonly known that in the capital market, not all stocks of companies that have a good profile will provide good returns to investors. Therefore, an in-depth analysis of the companies’ overall health is needed. This study aims to discuss the impact of companies’ internal factors on the performance of their stock returns. The companies meant here are those listed in the Jakarta Islamic Index (JII). The tool by which the data is analysed is panel data which is a combination of time series data and cross section. By employing companies’data of year 2014-2016, the study shows that Return On Assets (ROA), Net Profit Margin (NPM), Debt to Equity Ratio (DER) and Price to Book Value (PBV) simultaneously had a significant effect on the formation of stock returns of companies listed in the JII. Likewise, those four variables namely; ROA, NPM, DER and PBV partially have a significant effect on the formation of stock returns of companies listed in the JII.

Pengaruh Profitabilitas Dan Leverage Terhadap Nilai Perusahaan Pada Perusahaan Sektor Industri Dasar Dan Kimia Di Bei Periode 2014-2018

2020 ◽  
Vol 6 (2) ◽  
pp. 105-113
Author(s):  
Nawal Iskandar ◽  
I Gede Mandra ◽  
Gusti Ayu Sri Oktariyani
Keyword(s):  
Firm Value ◽  
Time Series Data ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Series Data ◽  
Return On Assets ◽  
Book Value ◽  
Basic Industry ◽  
Equity Ratio

This study is aimed to determine the effect of Profitability and Leverage on Firm Value. Profitability is measured by Return on Assets (ROA) and Leverage is measured by Debt to Equity Ratio (DER), while Firm Value is measured by Price to Book Value (PBV).  The population of this research is Basic Industry and Chemicals Companies Sectors that listed on the Indonesia Stock Exchange.  There are 17 companies as sample in this study which were obtained by purposive sampling method. Data collected by combaining cross-section and time-series data. Furthermore, panel data analyze by multiple linear regression analysis by using EViews software. The findings show that ROA has a positive and significant effect on firm value, while DER has no significant effect on firm value

scholarly journals PENGARUH FAKTOR FUNDAMENTAL PERUSAHAAN TERHADAP RETURN SAHAM SEKTOR KEUANGAN SYARIAH YANG TERDAFTAR DALAM DAFTAR EFEK SYARIAH TAHUN 2015-2017

2020 ◽  
Vol 5 (2) ◽  
pp. 247-270
Author(s):  
Kusnadi Kusnadi
Keyword(s):  
Stock Returns ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Theoretical Implication ◽  
Return On Assets ◽  
Internal Factors ◽  
Return On Equity ◽  
Net Profit ◽  
Equity Ratio ◽  
Observation Period

This study aims to analyze the influence of corporate fundamental factors such as ROA (Return on Assets), ROE (Return On Equity), EPS (Earning per Share), NPM (Net Profit Margin), DER (Dept to Equity Ratio) and CR (Current Ratio) of financial sector stock returns listed in the Daftar Efek Syariah (DES). The sample of this study were determined using the saturated sampling method in which all populations were sampled. The research sample consisted of 5 companies with an observation period of 2015-2017 to obtain 15 observational data. Data analysis used multiple linear regression analysis. The results showed that ROA, ROE, EPS, NPM, DER and CR together had a positive and significant effect on stock returns. While partially ROA, ROE, NPM, and CR have no significant effect on stock returns. Only EPS and DER have a positive and significant effect on stock returns. While the most dominant variable influencing stock returns is DER. The theoretical implication of this research was that investors need to consider EPS and DER by looking at the ups and downs of the ratio. Practically, in determining investor stock returns, do not only pay attention to the company's internal factors, but must pay attention to the company's external factors.  Keywords: Fundamental Factors, ROA, ROE, EPS, NPM, DER, CR, Stock Return.

scholarly journals PENGARUH KINERJA KEUANGAN DAN KEBIJAKAN DIVIDEN TERHADAP HARGA SAHAM (Survey Pada Perusahaan Sektor Property dan Real Estate di Bursa Efek Indonesia (BEI) Tahun 2013)

2017 ◽  
Vol 1 (1) ◽  
Author(s):  
Citra Mariana
Keyword(s):  
Real Estate ◽  
T Test ◽  
Profit Margin ◽  
Return On Assets ◽  
Book Value ◽  
Paired Sample ◽  
Earnings Per Share ◽  
Net Profit ◽  
Price Earnings Ratio ◽  
Equity Ratio

Penelitian ini bertujuan mengungkapkan pengaruh kinerja keuangan dan kebijakan dividen terhadap harga saham pada sektor property dan real estate di Bursa Efek Indonesia tahun 2013. Sampel dalam penelitian ini sebanyak 43 perusahaan. Analisis data dilakukan dua tahap. Pertama menggunakan paired sample t-test dan kedua analisis regresi linier berganda. Bersadarkan hasil analisis paired sample t-test ditemukan bahwa tidak terdapat perubahan signifikan terhadap harga saham yang terjadi pada periode sebelum publikasi, tanggal publikasi dan periode sesudah publikasi. Selanjutnya berdasarkan hasil analisis regresi linier berganda ditemukan bahwa price earnings ratio, price book value, earnings per share berpengaruh positif terhadap harga saham. Return on assets berpengaruh negatif terhadap harga saham. Debt to equity ratio, net profit margin dan kebijakan dividen tidak berpengaruh terhadap harga saham.

scholarly journals FINANCIAL PERFORMANCE IN VALUE IN THE AUTOMOTIVE SECTOR AND COMPONENTS GO PUBLIC IN INDONESIA

2018 ◽  
Vol 2 (1) ◽  
pp. 30-40
Author(s):  
Herdiyana Herdiyana ◽  
Nelly Setiawan
Keyword(s):  
Financial Performance ◽  
Profit Margin ◽  
Total Asset ◽  
Automotive Sector ◽  
Return On Assets ◽  
Book Value ◽  
Total Debt ◽  
Net Profit ◽  
Equity Ratio

ABSTRAKPenelitian ini bertujuan untuk mengetahui pengaruh nilai kinerja keuangan perusahaan secara bersama-sama. Kinerja keuangan diukur dengan menggunakan Total Debt to Equity Ratio Total (DER), Total Debt to Total Asset Ratio (DAR), Net Profit Margin (NPM) dan Return on Assets (ROA). Jangka waktu penelitiandari 2009-2013. Metode analisis yang digunakan adalah analisis kuantitatif dengan menggunakan analisis regresi linier berganda. Penelitian ini menyatakan bahwa uji t menunjukkan DER dan DAR tidak berpengaruh pada nilai perusahaan, tetapi ROA t hitung > t tabel (-3.233 <-1,697) dengan signifikansi 0,003 <0,05 dan NPM t> t tabel (2.788> 1,697) dengan signifikansi 0,009 <0,05 sehingga dapat meramalkan nilai perusahaan ROA dan NPM (Price to Book value) yang tepat. Sementara pengujian hipotesis menggunakan uji F menunjukkan bahwa DER, DAR, ROA, dan NPM secara simultan atau bersama-sama mempengaruhi nilai perusahaan (Price to Book value), karena nilai F hitung> F tabel (3.827> 2,69) dengan signifikansi 0,013 <0,05. koefisien determinasi (R Square) dari 0338 ATAU 33,8% hasil ini menunjukkan bahwa variasi Price to Book value (PBV) dapat dijelaskan oleh nilai DER, DAR, ROA, dan NPM 33,8% sedangkan sisanya 66,2% (100% - 33,8%) dijelaskan oleh variabel lain yang tidak termasuk dalam model.Kata kunci: DER, DAR, ROA, NPM, and Price to Book Value.

Moderasi NPF terhadap Intervensi BOPO dan CAR pada Kinerja Keuangan Bank Syariah di Indnesia 2019-2021

2021 ◽  
Vol 4 (2) ◽  
pp. 328-344
Author(s):  
Toha Barizi ◽  
Rifky Fatoni ◽  
Zuni Fitrowati ◽  
Umrotul Khasanah
Keyword(s):  
Financial Services ◽  
Time Series Data ◽  
Secondary Data ◽  
Capital Adequacy ◽  
Series Data ◽  
Return On Assets ◽  
Operating Income ◽  
Capital Adequacy Ratio ◽  
Considerable Impact ◽  
The Impact

The goal of this research is to look into the impact of Operating Costs on Operating Income (BOPO) and Capital Adequacy Ratio (CAR) on the Financial Performance of Islamic Commercial Banks, which is measured using one of the profitability ratio indicators, Return on Assets (ROA). This study employs a quantitative approach by employing explanatory research, which tries to examine the theories and hypotheses that exist in this study in order to determine whether they strengthen or weaken earlier theories and hypotheses. The study relied on secondary data, specifically information gathered from the ojk.ac.id website. This research uses monthly time series data from the Financial Services Authority from 2019 to 2021, with a sample size of 26 months. Multiple linear regression and moderated regression analysis were employed in this study's regression model (MRA). The findings of this study revealed that BOPO had a considerable impact on ROA, although CAR had no such impact, and that NPF, as a moderating variable, was able to moderate the impact of BOPO and CAR on ROA.

PENGARUH INFORMASI AKUNTANSI TERHADAP RETURN SAHAM (Studi Pada PerusahaanLQ-45 Di Bursa Efek Jakarta)

2016 ◽  
Vol 6 (2) ◽  
pp. 22
Author(s):  
Norsain ,
Keyword(s):  
Panel Data ◽  
Stock Returns ◽  
Stock Return ◽  
Time Series Data ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Statements ◽  
Series Data ◽  
Return On Assets ◽  
Investment Returns

The use of financial information through the financial statements as a result of an accounting process in the company is an important information in analyzing investment returns in the long term. Through this analysis the investor will be able to assess the ability of a company's profitability, the quality of management performance, as well as future prospects of the company.               Data used in this study is panel data, which is a combination of cross section and time series data 45 company financial statements as sample the period 2010 to 2013. The data sources used mainly in this research is secondary data, including data in the form of documents and information relating to the object of a study published by the Indonesia Stock Exchange through the authority of Capital Market information Center accessed from the official website of the Stock Exchange.               Once the data is collected, the data were analyzed using Eviews program for this type of panel data. Beginning with the analysis of model selection, and then proceed with the classical assumption. The results of the study variables X1 Price Earning Ratio (PER), no effect on variable Y (stock returns), Variable X2 Price to Book Value (PBV) have a significant effect on the variable Y (stock returns), Variable X3 Return on Assets (ROA) significantly the variable Y (stock return). Simultaneously variable PER, PBV, ROA significant effect on the level of α = 10%.Keywords: PER, PBV, ROA, Stock Return

scholarly journals Impact of Capital Adequacy on Banks’ Performance: Considering the Basel International Regulatory Framework for Banks

ETIKONOMI ◽  
2021 ◽  
Vol 20 (1) ◽  
pp. 45-54
Author(s):  
Sampson Agyapong Atuahene ◽  
Kong Yusheng ◽  
Geoffrey Benturn-Micah ◽  
Abigail Konadu Aboagye
Keyword(s):  
Time Series Data ◽  
Performance Indicator ◽  
Fixed Effect Model ◽  
Regulatory Framework ◽  
Capital Adequacy ◽  
Series Data ◽  
Effect Model ◽  
Net Profit ◽  
The Impact ◽  
Negative Link

This study examines the impact of banks' capital on the performance of banks. The studies adopted a fixed-effect model estimation. Time-series data covering the period 2008-2017 for Ghanaian listed universal banks was considered. We found out that the bank’s capital and banks’ net profit after tax has a positive and significant relationship with banks’ total asset base as a performance indicator. We further discovered through correlational analysis that there is a strong negative link between banks' outstanding loans (credit advancement) and banks' performance. The fundamental implications of this study are to encourage the monitoring of capital adequacy of banks since it creates opportunities for banks to perform effectively.JEL Classification: E5, E44, G21, G30How to Cite:Atuahene, S. A., Yusheng, K., Bentum-Micah, G., & Aboagye, A. K. (2021). Impact of Capital Adequacy on Banks’ Performance: Considering the Basel International Regulatory Framework for Banks. Etikonomi: Jurnal Ekonomi, 20(1), 45 – 54. https://doi.org/10.15408/etk.v20i1.15590.

scholarly journals Analisis Pengaruh Rasio Nilai Pasar, Solvabilitas Dan Profitabilitasterhadap Harga Saham Pada Perusahaan Yang Terdaftar Di Indeks Lq-45 Tahun 2013 - 2017

2019 ◽  
Vol 3 (1) ◽  
Author(s):  
Bode Verry Fair Sitorus
Keyword(s):  
Stock Prices ◽  
Market Value ◽  
Sampling Technique ◽  
Profit Margin ◽  
Price Ratio ◽  
Return On Assets ◽  
Return On Equity ◽  
Book Value ◽  
Net Profit ◽  
Equity Ratio

This study aims to help investors or prospective investors in making decisions in investing in the capital market by analyzing the influence of financial ratios, namely market value ratios, solvency and profitability that affect stock prices in companies that are consistently registered in the LQ-45 period 2013-2017 . The market value ratio used is Price to Earning Ratio (PER) and Price to Book Value (PBV), the solvency ratio used is Debt to Assets Ratio (DAR) and Debt to Equity Ratio (DER) while the profitability ratio used is Return On Assets (ROA), Return On Equity (ROE) and Net Profit Margin (NPM). This study uses a purposive sampling technique with a sample of 24 LQ45 issuers who meet the research criteria for the period 2013-2017 from 45 existing issuers. The results of this study that stock prices can be explained as much as 24.68% by Price to Book Value (PBV), Debt to Assets Ratio (DAR), Debt to Equity Ratio (DER), Return On Assets (ROA), Return On Equity ( ROE) and Net Profit Margin (NPM. Simultaneously all independent variables have an effect on stock prices while from the seven variables, only the Price to Book Value (PBV) variable has an effect on stock prices. Therefore investors or potential investors should pay attention to the Price ratio. to Book Value (PBV) as a reference in investing.

scholarly journals What Does Vietnam Gain When Its Currency Depreciates?

Economies ◽  
2021 ◽  
Vol 9 (4) ◽  
pp. 185
Author(s):  
Nguyen Thi Thanh Binh
Keyword(s):  
Stock Market ◽  
Stock Returns ◽  
Regime Switching ◽  
Stock Price ◽  
Time Series Data ◽  
Series Data ◽  
The Us ◽  
High Volatility ◽  
Short Run ◽  
The Impact

The study investigates how the depreciation of the Vietnam dong (VND) against the US dollar (USD) affected export turnover and the stock market in Vietnam during the period from 2000 to 2020. A Markov triple regime-switching model is developed for time-series data involving multistructural breaks. Empirical results reveal that the impact of exchange rates on export turnover and stock price existed both in the long and short run. In the short run, the depreciation of VND led to (i) an increase in export turnover after 12 months; (ii) a decrease in export turnover of the high-growing regime in the short term; (iii) a reduction in stock returns in most cases. In addition, the common cycle from order receipt, preparation, production, and export is about 12 months for all states. The high volatility of export turnover was associated with high export growth. The commonly used phrase of “high risk, high return” seems to not be true for Vietnam’s stock market. The results of this study suggest the feasibility of a slight appreciation of VND against USD, which is the key to escape from being labeled a currency manipulator by the US Treasury.

scholarly journals PENGARUH DIVIDEN PER SHARE (DPS), DIVIDEN PAYOUT RATIO (DPR), PRICE TO BOOK VALUE (PBV), DEBT TO EQUITY RATIO (DER), NET PROFIT MARGIN (NPM) DAN RETURN ON ASSET (ROA)TERHADAP HARGA SAHAM PADA PERUSAHAAN MANUFAKTUR SUB SEKTOR MAKANAN DAN MINUMAN DALAM KEMASAN YANG TERDAFTAR DI BEI

2015 ◽  
Vol 1 (2) ◽  
pp. 95-117 ◽  
Author(s):  
Edhi Asmirantho ◽  
Elif Yuliawati
Keyword(s):  
Stock Prices ◽  
Stock Exchange ◽  
Profit Margin ◽  
Test Results ◽  
Return On Assets ◽  
Partial Regression Coefficient ◽  
Book Value ◽  
Analysis Technique ◽  
Net Profit ◽  
Equity Ratio

This research was conducted in order to test the influence of DPS, DER, PBV, DER, NPM and ROA on stock prices in the manufacturing sub-sectors of food and beverages in containers that are listed in the Indonesia Stock Exchange. The research technique that used was purposive sampling with criteria: (1) The Company actively listed on the Indonesia Stock Exchange for seven consecutive years. (2) The Company periodically publish financial statements of the period from 2007 to 2013. (3) Each company has a complete data needed in the research. (4) The CompanThis research was conducted in order to test the influence of DPS, DER, PBV, DER, NPM and ROA on stock prices in the manufacturing sub-sectors of food and beverages in containers that are listed in the Indonesia Stock Exchange. The research technique that used was purposive sampling with criteria: (1) The Company actively listed on the Indonesia Stock Exchange for seven consecutive years. (2) The Company periodically publish financial statements of the period from 2007 to 2013. (3) Each company has a complete data needed in the research. (4) The Company regularly distribute dividends for seven period. The analysis technique that used was multiple linear regression and hypothesis testing using t-statistic to test the partial regression coefficient and F-statistic to test the effect simultaneously with a confidence level of 5%. Besides all the variables have been tested with the classical assumption. The results of this research showed that all variables passed the test classic assumptions and fit for use as research data. Statistical t test results showed that the variables PBV, NPM and ROA were partial positive and significant impact on stock prices, other variables in this research that the Parliament has negative and insignificant. DPS and DER have no effect and significant to price stock. The results of F test showed that all variables in this study positive and significant effect on the price stock. The results of regression estimation shows the predictive capability of all independent variables on stock prices by 91.1%. While the rest of 8.9% influenced by other factors beyond this research. These results can be used to guide the investors before investing the stock market.Keywords: Dividend Per Share (DPS), Dividend Payout Ratio (DPR), Price to Book Value (PBV), Debt to Equity Ratio (DER), Net Profit Margin (NPM), and Return on Assets (ROA).y regularly distribute dividends for seven period. The analysis technique that used was multiple linear regression and hypothesis testing using t-statistic to test the partial regression coefficient and F-statistic to test the effect simultaneously with a confidence level of 5%. Besides all the variables have been tested with the classical assumption. The results of this research showed that all variables passed the test classic assumptions and fit for use as research data. Statistical t test results showed that the variables PBV, NPM and ROA were partial positive and significant impact on stock prices, other variables in this research that the Parliament has negative and insignificant. DPS and DER have no effect and significant to price stock. The results of F test showed that all variables in this study positive and significant effect on the price stock. The results of regression estimation shows the predictive capability of all independent variables on stock prices by 91.1%. While the rest of 8.9% influenced by other factors beyond this research. These results can be used to guide the investors before investing the stock market.Keywords: Dividend Per Share (DPS), Dividend Payout Ratio (DPR), Price to Book Value (PBV), Debt to Equity Ratio (DER), Net Profit Margin (NPM), and Return on Assets (ROA).

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