Pengaruh Employee Stock Option Program (ESOP) Terhadap Kinerja Perusahaan

This study aims to analyze the influence in the form of increasing the performance of the company with the ESOP and to test the differences in performance before and after the application of the Employee Stock Option Program (ESOP). This research is classified as descriptive analysis research. The population in this study are manufacturing companies listed on the Indonesia Stock Exchange in 2013-2018. With the purposive sampling method, there were 17 companies as the research sample for descriptive analysis and 11 companies for the paired sample test because the data did not pass the normality test so that the Wilcoxon test was used as an alternative to the paired sample test. The company's performance variables are measured using Return On Equity (ROE), while the test variables are different measured by Return On Assets (ROA), Net Profit Margin (NPM), Sales Growth, Debt To Equity Ratio (DER). The type of data used is secondary data obtained from www.idx.co.id. The analytical method used is descriptive analysis and Wilcoxon test. The results of this study indicate that an increase in corporate performance shows fluctuating performance results with the ESOP, while differences in company performance before and after ESOP indicate that there are no differences in ROA, NPM, Sales Growth before and after ESOP, there are differences in DER before and after ESOP

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Determinan yang mempengaruhi kualitas laba pada perusahaan manufaktur di indonesia (analisis sebelum dan sesudah adopsi ifrs)

Jurnal Riset Akuntansi Mercu Buana ◽

10.26486/jramb.v1i2.201 ◽

2015 ◽

Vol 1 (2) ◽

Author(s):

Agus Khazin Fauzi ◽

Endar Pituringsih ◽

Biana Adha Inapty

Keyword(s):

Linear Regression ◽

Stock Exchange ◽

T Test ◽

Accounting Conservatism ◽

Manufacturing Companies ◽

Investment Opportunity ◽

Paired Sample ◽

Investment Opportunity Set ◽

Before And After

This research is aimed at examining and analyzing the effect of investment opportunity set (IOS), liquidity, leverage and accounting conservatism on the quality of profit at manufacturing company before and after the adoption of IFRS. This research was classified as associative research. The samples used are 52 manufacturing companies registred at Indonesian Stock Exchange during the period of 2008-2013. The analysis employed multiple linear regression and paired sample t-test. The research showed that IOS variable and liquidity do not significantly affect on the quality of profit before and after the adoption of IFRS. While, leverage variable does not significantly affect the quality of profit before the adoption, but it does significantly after the adoption. Then, accounting conservatism variable had significantly affect on the quality of profit before and after the adoption of IFRS. The paired sample t-test showed that there is difference in quality of profit, liquidity, and accounting conservatism before and after the adoption of IFRS. While this research showed that IOS and leverage are different either before or after the adoption of IFRS.Keywords : quality of profit, investment opportunity set (IOS), liquidity, leverage and acounting conservatism.

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ANALYSIS OF DIFFERENCES IN CORPORATE VALUES AND FINANCIAL PERFORMANCE THREE MANUFACTURING INDUSTRY SECTORS LISTED ON THE INDONESIA STOCK EXCHANGE

ProBank ◽

10.36587/probank.v4i2.506 ◽

2020 ◽

Vol 4 (2) ◽

pp. 137-146

Author(s):

Titi Purwantini ◽

Endang Brotojoya

Keyword(s):

Financial Performance ◽

Manufacturing Industry ◽

Animal Feed ◽

Stock Exchange ◽

Point Of View ◽

Manufacturing Companies ◽

Paired Sample ◽

Significant Difference ◽

Sample Test ◽

Equity Ratio

The purpose of this study was to obtain empirical evidence of differences in corporate value and financial performance of the three manufacturing companies listed on the Indonesia Stock Exchange. The sample in this study were 60 manufacturing companies listed on the Indonesia Stock Exchange from 2015 to 2017. Sampling techniques were purposive sampling. The division of sector 1 consists of cement companies, basic chemicals, porcelain and glass, metals, plastics and packaging, animal feed, wood and pulp, for sector 2 consists of machinery and heavy equipment companies, automotive and its components, textiles and garments, bedding feet and cable. Whereas for sector 3 consists of consumer goods, namely tobacco, cosmetics, pharmaceuticals and household appliances. Data analysis techniques consist of normality testing and different Paired Sample Test tests.Research results prove that based on Differential Test Paired Sample Test sectors 1 and 2. Manufacturing Companies listed on the Stock Exchange have significant differences in financial performance seen from the Current Ratio and Debt Equity Ratio while from Earning per Share, Net Profit Margin and Expencess On Sales there is no difference . Based on the Different Test Paired Sample Test is seen from the Earning Per Share ratio there is a significant difference in financial performance between Sector 1 and sector 3. Based on the Different Paired Sample Test seen from the Debt Equity Ratio, there are significant differences in financial performance between Sector 1 and sector 3 ... There are also significant differences in the financial performance of sectors 2 and 3 from the point of view of Earning Per Share. Based on the Different Paired Sample Test Test, there was no difference in company values in the three manufacturing companies listed on the Indonesia Stock Exchange.

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Reaksi Pasar Saham Terhadap Kebijakan Dividen Sebelum dan Sesudah Ex- Dividend Date

Jurnal Riset Inspirasi Manajemen dan Kewirausahaan ◽

10.35130/jrimk.v4i1.75 ◽

2020 ◽

Vol 4 (1) ◽

pp. 16-23

Author(s):

Aulia Azizah

Keyword(s):

Event Study ◽

Abnormal Return ◽

Stock Exchange ◽

Research Result ◽

T Test ◽

Confounding Effect ◽

Paired Sample ◽

Before And After ◽

Sample Test ◽

Related Sample

Abstract This study aimed to analyzed market reaction caused the announcement of rising dividend or dividend down before and after Ex-dividend date in Indonesia Stock Exchange (IDX).This research used event study method by using abnormal return on share as research variable and used price data of shares as research unit analysis. As the result, 26 companies as the sample of 45 companies which registered in index LQ45 in Indonesia Stock Exchange period 2016-2018 by purposing sampling technique. Measurement of variable using the calculation of the average abnormal return of shares by testing the hypothesis using different test paired sample t-test and Wilxocon related sample test with the help of SPSS version 22.The research result showed there was no difference in abnormal return on share before and after Ex-dividend date in the companies which announced rising dividend and dividend down in Indonesia Stock Exchange (IDX) period 2016-2018. The results of the different paired sample t-test obtained a significance value of 0,486 which was greater than 0,05 and in the Wilxocon test the related sample test obtained z score of 1,478 which was greater than z table which was 1.458. For the next research, it is recommended to test the different indexes and regard to the confounding effect which can lead to bias.Key words: Dividend, Abnormal Return, Ex- Dividend date, Event StudyAbstrak Penelitian ini bertujuan untuk menganalisis reaksi pasar saham yang ditimbulkan oleh pengumuman dividen naik atau pengumuman dividen turun sebelum dan sesudah ex- dividend date di Bursa Efek Indonesia (BEI). Metode penelitian ini menggunakan event study dimana menggunakan abnormal return saham sebagai variabel pengujian yang menggunakan data harga saham harian sebagai unit analisi penelitiian. Hasil pengumpulan data diperoleh 26 perusahaan sebagai sampel dari populasi sebanyak 45 perusahaan yang terdaftar di indeks LQ45 di Bursa efek Indonesia periode 2016-2018 dengan teknik sampling secara purposive sampling. Pengukuran variabel menggunakan penghitungan rata- rata abnormal return saham dengan pengujujian hipotesis menggunakan uji beda paired sample t-test dan uji Wilxocon releted sample test dengan bantuan aplikasi SPSS versi 22. Hasil peneltian menyimpulkan tidak terdapat perbedaan abnormal return saham sebelum dan sesudah Ex-dividend date pada perusahaan yang mengumumkan dividen naik atau dividien turun di Bursa Efek Indonesia periode tahun 2016-2018 Hasil uji beda paired sample t-test diperoleh nilai signifikansi sebesar 0,486 yang atinya lebih besar dari 0,05 dan pada uji Wilxocon releted sample test diperoleh z-hitung sebesar 1,478 dimana lebih besar dari z tabel yaitu 1,458. Untuk peneliti selanjutnya disarankan melakukan pengujian pada indeks berbeda dan memperhatikan confounding effect yang dapat memunculkan bias. Kata Kunci : Dividend, Abnormal Return, Ex- Dividend date, Event Study

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Pertumbuhan Penjualan, Ukuran Perusahaan, Leverage, Modal Kerja, Likuiditas, Perputaran Kas dan Pengaruhnya Terhadap Profitabilitas Pada Industri Makanan dan Minuman yang Listing Di Bursa Efek Indonesia (BEI)

EKONOMIS Journal of Economics and Business ◽

10.33087/ekonomis.v5i2.412 ◽

2021 ◽

Vol 5 (2) ◽

pp. 545

Author(s):

Stefannie Halim ◽

Felicia Felicia ◽

Valencia Lius ◽

Tiffany Veronica ◽

Bayu Wulandari

Keyword(s):

Stock Exchange ◽

Descriptive Analysis ◽

Linear Regression Analysis ◽

Sampling Technique ◽

Company Size ◽

Sales Growth ◽

Manufacturing Companies ◽

Analysis Method ◽

Working Capital ◽

Food And Beverage

This study was made with the aim of testing whether sales growth, company size, leverage, working capital, liquidity, cash turnover have an influence on profitability in manufacturing companies in food and beverage sub-sector for 2017-2019 period.Quantitative methods are used in this analysis. The use of purposive sampling technique leaves 13 (thirteen) companies from the research population as many as 26 (twenty six) companies listed on the Indonesia Stock Exchange (IDX). A total of 39 (thirty nine). The source of the data for this research comes from the financial statements of companies published on www.idx.co.id. The research method used is descriptive analysis method and multiple linear regression analysis method. The dependent variabel in this study is profitability, while the independent variabel are sales growth, company size, leverage,liquidity, and cash turnover.The results obtained in this study are partially sales growth, working capital turnover have a significant effect on profitability, while company size, leverage, liquidity, and cash turnover have no significant effect on profitaibility. The findings of this study suggest that manufacturing companies in food and beverage sub-sector need to pay attention to sales growth and working capital turnover.

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ANALISIS PERBEDAAN KUALITAS ACCRUAL ANTARA SEBELUM DAN SESUDAH PENGADOPSIAN INTERNATIONAL FINANCIAL REPORTING STANDARD (IFRS) PADA PERUSAHAAN MANUFAKTUR DI INDONESIA(Studi Empiris pada Perusahaan Manufaktur yang terdapat di Bursa Efek Indonesia Tahun 2009-2014)

Riset Akuntansi dan Keuangan Indonesia ◽

10.23917/reaksi.v2i1.3652 ◽

2017 ◽

Vol 2 (1) ◽

pp. 42-48

Author(s):

Esti Windarti ◽

Noer Sasongko ◽

Zulfikar Zulfikar

Keyword(s):

Financial Reporting ◽

Transition Period ◽

Stock Exchange ◽

T Test ◽

Manufacturing Companies ◽

Reporting Standard ◽

International Financial Reporting Standard ◽

Paired Sample ◽

Before And After ◽

The Difference

The purpose of this study to examine the numbers between the accrual quality difference before and after adopting International Financial Reporting Standards (IFRS). The population in this study are all manufacturing companies listed in Indonesia Stock Exchange 2009-2014. Sampling using purposive sampling selection of samples with specific criteria.Analysis of the data used is by using normality test and analysis methods paired sample t-test. Calculation of accruals quality using the 2 models that Dechow and Dichev Model and Modified Jones Models. From the test results showed that there was a difference in quality between the accrual before and after adopting International Financial Reporting Standard (IFRS) for 2009-2014 by using Dechow and Dichev Model, while contrary to the results of testing using the Modified Jones Model. The difference is due to the result of the absence of a change in accounting rules and the transition period that occurred in Indonesia. Keywords: Quality acrual , International Financial Reporting Standard ( IFRS ), Manufacturing Company , Paired Sample T -test

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ANALYSIS OF FINANCIAL PERFORMANCE ISO 9000 CERTIFIED COMPANY (Empirical Study on the Manufacturing Companies Listed on the Stock Exchange)

Business and Entrepreneurial Review ◽

10.25105/ber.v11i1.1 ◽

2016 ◽

Vol 11 (1) ◽

pp. 13

Author(s):

Rini Oktaviana Sari

Keyword(s):

Quantitative Methods ◽

Stock Exchange ◽

Descriptive Analysis ◽

Iso 9000 ◽

Rank Test ◽

Manufacturing Companies ◽

Financial Ratio ◽

Market Growth ◽

Before And After ◽

Signed Rank Test

<p>Business competition in the era of globalization requires businesses to be more creative to produce a quality product to compete in the market International. ISO 9000 certification has been accepted as a reference for quality management and quality assurance. The purpose of this study was to determine differences in the performance of financial companies that have certified ISO 9000 as measured by levels of profitabiltas (ROCE, ROI, ROE), market growth (sales growth and growth equity) and management of liabilities (DTA and DER). This research method uses quantitative methods of research methods based on analysis of variables that can be explained quantitatively by using a formula that is by Financial Ratio Analysis.SimakBaca secara fonetik Technical analysis<br />of the data in this research are descriptive analysis and statistics analysis. Statistical analysis to test data normality, if the normal data, using Paired Sample T-test and if the data is not normal, using the Wilcoxon Signed-rank Test. The conclusion from this research indicate that there is no difference whether the level of profitability, market growth and management of liabilities in the period before and after the certification of ISO 9000. No difference was attributable to that ISO certification is only for administrative completeness in order to obtain the logo of the certification institution, so as to indicate to consumers that its product quality.</p>

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Analisis Reaksi Pasar Terhadap Pengumuman Merger dan Akuisisi Pada Perusahaan Akuisitor yang Terdaftar di BEI

E-Jurnal Akuntansi ◽

10.24843/eja.2018.v23.i03.p10 ◽

2018 ◽

pp. 1870

Author(s):

Ika Putri Adnyani ◽

Gayatri Gayatri

Keyword(s):

Abnormal Return ◽

Trading Volume ◽

Sampling Method ◽

Stock Exchange ◽

Cumulative Abnormal Return ◽

Test Results ◽

Volume Activity ◽

Paired Sample ◽

Analysis Technique ◽

Before And After

This research is conducted on all acquisition companies that conduct acquisitions listed on Indonesia Stock Exchange 2011-2016 period. Sampling method using purposive sampling. The number of samples of this research is 50 companies. The market reaction in this study used abnormal return and trading volume activity. The testing of information content will be done by looking at differences in cumulative abnormal return and the average trading volume of shares five days before and five days after the announcement of the acquisition. Data analysis technique used is paired sample t-test. Based on the test results, found there are significant differences in the abnormal return of the acquirer company before and after the announcement of the acquisition. However, there is no difference in trading volume activity of the acquirer's stock before and after the acquisition announcement Keywords: acquisitions, stock market, abnormal return, trading volume activity

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ANALISIS PENGARUH LABA BERSIH, SALES GROWTH, KEPEMILIKAN MANAJERIAL, DAN LEVERAGE TERHADAP KEBIJAKAN DIVIDEN

Jurnal Akuntansi Auditing dan Keuangan BALANCE ◽

10.25170/balance.v16i2.1623 ◽

2020 ◽

Vol 16 (2) ◽

pp. 190-211

Author(s):

Manasye Benedicta Brigastara Hutagalung ◽

Loh Wenny Setiawati

Keyword(s):

Dividend Policy ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Multiple Linear Regression Analysis ◽

Management Decision ◽

Managerial Ownership ◽

Sales Growth ◽

Net Income ◽

Manufacturing Companies

Dividend policy is a management decision of a company in determining the amount of dividend to be distributed to shareholders. Investors who have long-term goals will choose a return in the form of dividends in large quantities or relatively stable to reduce the uncertainty of investors who have invested their funds in the company. This research uses multiple linear regression analysis that will test the influence of net income, sales growth, managerial ownership, and leverage to dividend policy. The samples used in this study were 75 manufacturing companies listed on the Indonesia Stock Exchange for the period 2016–2018. The results of this research indicate that net income has a significant effect on dividend policy, while sales growth, managerial ownership, and leverage do not have a significant effect on dividend policy.

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Pengaruh Sales Growth dan Keahlian Keuangan Komite Audit terhadap FinancialDistress.(Studi Empiris Pada Perusahaan Manufaktur Sub Sektor Otomotif dan Komponen yang Terdaftar di Bursa Efek IndonesiaPeriode 2012-2016)

Kajian Akuntansi ◽

10.29313/ka.v21i2.4580 ◽

2019 ◽

Vol 21 (2) ◽

Author(s):

Nurhayati Nurhayati

Keyword(s):

Financial Distress ◽

Research Method ◽

Audit Committee ◽

Stock Exchange ◽

Balance Sheet ◽

Linear Regression Method ◽

Sales Growth ◽

Manufacturing Companies ◽

Financial Expertise ◽

Negative Effect

Abstract. This study aims to determine the effect of sales growth and financial expertise of audit committee to financial distress. The research method used is descriptive research method with quantitative approach. Analyzer used in this research is multiple regression analysis by using sample of research as many as 9 manufacturing companies of the automotive and component sub-sector listed on The Indonesia Stock Exchange in 2012-2016. Hypothesis testing is done by multiple linear regression method using SPSS version 17. The result showed that the sales growth variable has no significant negative effect to financial distress, and financial expertise of audit committee has negative and significant effect to financial distress. The result of this study can be recommendation for investor to be able to analyse the company’s financial statements related to the decision to invest. Recommendation for the next researchers to be able to research all of manufacturing companies listed on Indonesia Stock Exchange and used other indicator of financial ratios contained in balance sheet, income statements, and cash flow statements.Keywords: Financial Distress, Audit Committee Financial Expertise, Sales Growth.

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Fintech Di Era Digital Untuk Meningkatkan Kinerja ZIS di Indonesia

JURNAL ILMIAH EKONOMI ISLAM ◽

10.29040/jiei.v5i3.529 ◽

2019 ◽

Vol 5 (3) ◽

pp. 137

Author(s):

Soeharjoto Soekapdjo ◽

Debbie Aryani Tribudhi ◽

Lucky Nugroho

Keyword(s):

Linear Trend ◽

Descriptive Statistics ◽

Average Growth ◽

Paired Sample ◽

Before And After ◽

Sample Test ◽

Test Result

Purpose of this study is to predict trend value of collecting ZIS with fintech and non fintech. Data taken from BAZNAs from 2002-2017 and using descriptive statistics with linear trend and parabolic, inference statistic with paired sample test. Result shown that fintech trend like parabolic and non fintech like linear. There is a significant and power full correlation at ZIS revenue with fintech and non fintech. Thus, there is difference average of ZIS revenue before and after using fintech. Using SIMBA fintech will be affecting the revenue of ZIS. Average prediction of ZIS collecting funds from 2018-2025 with fintech is greater than using non fintech. Average growth of ZIS revenue with fintech is 9.98 percent and 5.78 percent with non fintech.

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