scholarly journals PENGARUH FINANCIAL DISTRESS, GROWTH OPTIONS, INSTITUTIONAL OWNERSHIP, DAN DEBT TO EQUITY RATIO (DER) TERHADAP AKTIVITAS HEDGING PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2016-2019

2020 ◽  
Vol 8 (2) ◽  
pp. 72
Author(s):  
Erny Luxy D. Purba ◽  
Monica Aprillia Rajagukguk
Keyword(s):  
Logistic Regression ◽  
Data Collection ◽  
Financial Distress ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Growth Options ◽  
Manufacturing Companies ◽  
Quantitative Research Methods ◽  
Equity Ratio

ABSTRACT : This research aims to determine the effect of Financial Distress, Growth Options, Institutional Ownership and Debt to Equity Ratio (DER) on Hedging Activities in Manufacturing companies listed on the Indonesia Stock Exchange 2016-2019. To achieve that goal, this research using quantitative research methods to examine the population or a specific sample in order to test the hypothesis that have been set. The technique of data collection is done by libraries and documentation techniques. This research using the method of logistic regression because this method is the most representative to examine the variables examined. The results of this research indicate: (1) Financial distress has an effect on hedging activity (2) Growth Options has no significant effect on hedging activity (3) Instititional ownership has an effect on hedging activity (4) Debt to equity ratio has an effect on hedging activity. And simultaneously financial distress, growth options, institutional ownership and debt to equity ratio affect hedging activity.Keywords : Financial Distress, Growth Options, Institutional Ownership, Debt to Equity Ratio, Hedging.

scholarly journals Pengaruh Financial Distress, Growth Options, Institutional,Ownership Terhadap Aktivitas Hedging:

2019 ◽  
Vol 1 (1) ◽  
pp. 388-403
Author(s):  
Dian Yustika ◽  
Charoline Cheisviyanny ◽  
Nayang Helmayunita
Keyword(s):  
Logistic Regression ◽  
Data Collection ◽  
Financial Distress ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Growth Options ◽  
Significant Positive Effect ◽  
Manufacturing Company ◽  
Positive Effect

This,research aims to examine,at the,influence of financial distress, growth options, and institutional ownership against hedging activity on manufacturing company in Indonesia stock exchange period 2014-2016. To achieve that goal, this ,research using,quantitative.research methods to examine the population or a specific sample in,order to test the,hypothesis that,have been set. The.technique of data collection is done by libraries and,documentation techniques.,This research using the method,of logistic regression because this method is the most representative to,examine,the variables examined. The results of this research,indicate: (1) Financial distress had no effect significant hedging,activity,against (2) Growth of significant positive effect Options against hedging,activity (3) Institutional ownership of significant effect against hedging activities

scholarly journals Pengaruh Return On Asset (ROA) dan Debt To Equity Ratio (DER) Terhadap Harga Saham

2021 ◽  
Vol 4 (2) ◽  
pp. 524-530
Author(s):  
Bayu Ramadhan ◽  
Nursito Nursito
Keyword(s):  
Capital Market ◽  
Stock Prices ◽  
Stock Price ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Manufacturing Companies ◽  
Quantitative Research Methods ◽  
Equity Ratio ◽  
Independent Variable ◽  
Component Manufacturing

The capital market has an important role in increasing the efficiency of the financial system and is one of the vital financial intermediation institutions in the modern economy of a country. This study aims to examine the effect of ROA and DER on stock prices in automotive and component manufacturing companies listed on the Indonesia Stock Exchange for the period 2014-2019. Purposive sampling was used to collect samples from the population, obtained 5 automotive sub-sector companies and components from 13 automotive sub-sector companies and components as samples. So that the number of samples studied was 30 data counted by 6 years. The research method used is descriptive and verification quantitative research methods. Based on the results of research conducted by the author using SPSS 24 for partial and simultaneous tests, namely: ROA has no effect on stock prices, DER is significant positive on stock prices. Simultaneously ROA, DER affect stock prices. Based on the determinant coefficient test, the independent variable affects the dependent variable by 40.7% and there are still 59.3% factors from the variables outside this study. Keywords: ROA, DER, Stock Price

scholarly journals Effect of Financial Distress, Debt Default, Audit Delay and Leverage on Going Concern Audit Opinions on Textile and Garment Subsector Manufacturing Companies Listed on the Indonesia Stock Exchange for the 2017-2019 Period

2021 ◽  
Vol 8 (11) ◽  
pp. 383-387
Author(s):  
Gabriella Virginia ◽  
Maggie Giani Joe ◽  
Milli .
Keyword(s):  
Logistic Regression ◽  
Regression Analysis ◽  
Financial Distress ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Manufacturing Companies ◽  
Going Concern ◽  
Debt Default ◽  
Audit Opinions ◽  
Research Show

This study examines effect of financial distress, debt default, audit delay and leverage on going concern audit opinions on Textile and Garment Subsector Manufacturing Companies listed on the Indonesia Stock Exchange for the 2017-2019 period. This research uses descriptive quantitative research. The sample of this research is 51 samples. Data processing using logistic regression analysis. The results of the research show that financial distress, debt default, audit delay and leverage have no effect on going concern audit opinions on Textile and Garment Subsector Manufacturing Companies listed on the Indonesia Stock Exchange for the 2017-2019 period. Keywords: Financial Distress, Debt Default, Audit Delay, Leverage, Going Concern Audit Opinions.

scholarly journals The Effect of Institutional Ownership and Audit Committee on Audit Quality with Financial Distress as Moderation: On Manufacturing Sector Companies Listed on The Indonesia Stock Exchange Period 2016-2020

2021 ◽  
pp. 1-8
Author(s):  
Mr Jombrik ◽  
Vika Alifta Tamami
Keyword(s):  
Financial Distress ◽  
Quantitative Research ◽  
Audit Committee ◽  
Audit Quality ◽  
Stock Exchange ◽  
Manufacturing Sector ◽  
Secondary Data ◽  
Institutional Ownership ◽  
Manufacturing Companies ◽  
The Impact

This study aims to analyze the effect of institutional ownership and audit committee on audit quality with financial difficulties as a moderation. This research was conducted on Manufacturing Companies in the Consumer and Industrial Goods Sector Listed on the Indonesia Stock Exchange for 2016-2020. The quantitative research method uses secondary data, namely the company's annual report that is the object of research. Analysis of the data used is logistic regression analysis. The results show that the direction of the influence of the institutional ownership variable on audit quality is positive, where institutional ownership has a significant effect on audit quality. Likewise, the direction of the impact of the audit committee on audit quality is positive but does not significantly affect audit quality. The results of the moderation show that Financial Distress can moderate institutional ownership in influencing audit quality. In contrast, after being moderated with the financial distress variable, the audit committee has a negative and significant direction, which means it can moderate the audit committee in influencing audit quality but in the opposite direction.

scholarly journals Factors Affecting Financial Distress in Manufacturing Companies in the Food and Beverage Sub-Sector Listed on the Indonesia Stock Exchange in 2016–2020

2021 ◽  
Vol 4 (2) ◽  
pp. 3213-3219
Author(s):  
Tina Novianti Sitanggang ◽  
Cindy Cindy ◽  
Hansen Hansen ◽  
Jesslyn Jesslyn ◽  
Cynthia Cynthia
Keyword(s):  
Financial Distress ◽  
Sampling Method ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Financial Statements ◽  
Sales Growth ◽  
Manufacturing Companies ◽  
Factors Affecting ◽  
Food And Beverage ◽  
Equity Ratio

This study was conducted to determine the factors affecting financial distress in Manufacturing Companies in the Food and Beverage Sub-Sector Listed on the Indonesia Stock Exchange in 2016–2020. The data used is sourced from the company's financial statements on the Indonesia Stock Exchange, and the sample has been selected based on predetermined criteria. The population in this study are all Manufacturing Companies in the Food and Beverage Sub-Sector Listed on the Indonesia Stock Exchange in 2016–2020 totaling 30 companies, with purposive sampling method, the sample received is 12 companies. From this research, it can be seen that sales growth and working capital turnover partially effect financial distress significantly. Institutional ownership and debt to equity ratio have an insignificant effect on financial distress. All variables have a significant effect on financial distress simultaneously.

scholarly journals Analisis Faktor yang Mempengaruhi Penggunaan Instrumen Derivatif Valuta Asing sebagai Pengambilan Keputusan Hedging (Studi pada Perusahaan Manufaktur Sub Sektor Automotive and Allied Products yang terdaftar di BEI Periode 2011-2017)

2019 ◽  
Vol 11 (2) ◽  
pp. 262-275
Author(s):  
Ivonne Bonita
Keyword(s):  
Logistic Regression ◽  
Firm Size ◽  
Financial Distress ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Annual Data ◽  
Manufacturing Companies ◽  
Growth Opportunity ◽  
Derivative Instruments ◽  
Equity Ratio

This paper aims to examine the effect of the variable debt equity ratio (DER), financial distress, growth opportunity, liquidity and firm size on the use of derivative instruments as a means of taking hedging decisions. The population and sample of the company are classified as automotive and allied products sub sector manufacturing companies with annual data obtained from the Indonesia Stock Exchange in the period 2011 to 2017, based on the Indonesia Capital Market Directory 2015. To obtain valid research results, the sampling technique used in the study is a purposive sampling method. Hypothesis testing uses a logistic regression model. Keywords: Hedging, DER, Financial Distress, Firm Size, Logistic Regression

Pengaruh Penerapan Corporate Governance Terhadap Kondisi Kesulitan Keuangan

2018 ◽  
Vol 9 (2) ◽  
pp. 50-64
Author(s):  
Stephanus Andi Adityaputra
Keyword(s):  
Corporate Governance ◽  
Logistic Regression ◽  
Significant Influence ◽  
Financial Distress ◽  
Boards Of Directors ◽  
Audit Committee ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Managerial Ownership ◽  
Manufacturing Companies

This study examined the effect ofthe implementation of corporate governance on the condition of the financial distress of manufacturing companies listed on the Indonesia Stock Exchange (IDX). The implementation of corporate governance proxied with the proportion of managerial ownership, proportion of institutional ownership, number of the boards of directors, proportion of independent commissioners, and existence of the audit committee. Samples used in this study was manufacturing companies listed on the Indonesia Stock Exchange (IDX) with 2012 up to 2016 as an observation period. The total study samples was 48 firms with 96 firm year are determined by the method of purposive sampling. This study used Logistic Regression to examine the effect of the implementation of corporate governance of the condition of the company's financial distress. The results of this study indicated that The number of the boards of directors and the proportion of independent commissioners variables were not proven to have significant influence on the condition of the company's financial distress. The proportion of managerial ownership, the proportion of institutional ownership, and the existence of the audit committee variables proved to have a significant influence on the condition of the company's financial distress with a positive influence. Keywords: board of directors, independent commissioners, managerial ownership, institutional ownership, audit committee, financial distress, logistic regression

Dividend Payout Ratio: Persoalan Free Cashflow, Debt To Equity Ratio, Kepemilikan Institutional, Investment Opportunity, Dan Kesejahteraan Karyawan

Liquidity ◽  
2017 ◽  
Vol 6 (1) ◽  
pp. 1-11
Author(s):  
Nurlis Azhar ◽  
Helmi Chaidir
Keyword(s):  
Cash Flow ◽  
Significant Influence ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Free Cash Flow ◽  
Manufacturing Companies ◽  
Flow Ratio ◽  
Prediction Ability ◽  
Employee Welfare ◽  
Equity Ratio

This study was conducted to examine the effect of Free Cash Flow Ratio, Debt Equity Ratio (DER), Institutional Ownership, Employee Welfare and Price Earning Ratio (PER) to Divident Payout Ratio (Parliament) partially on manufacturing companies listed on Indonesia Stock Exchange period 2011-2015. In addition, to test the feasibility of regression model, the influence of Free Cash Flow Ratio, Debt Equity Ratio (DER), Institutional Ownership, Employee Welfare and Price Earning Ratio (PER) to Divident Payout Ratio (DPR) simultaneously at manufacturing company listed on Bursa Indonesia Securities period 2011-2015. The population in this study are 146 manufacturing companies that have been and still listed in Indonesia Stock Exchange period 2011-2013. The sampling technique used was purposive sampling and obtained sample of 42 companies. Data analysis technique used is by using multiple linear regression test. The results showed that Free Cash Flow Ratio, no significant effect on Divident Payout Ratio (DPR). Debt Equity Ratio (DER) has a negative and significant influence on Divident Payout Ratio (DPR), Institutional Ownership has a significant positive effect on Divident Payout Ratio (DPR), Employee Welfare and Price Earning Ratio (PER) has a positive and significant influence on the Divident Payout Ratio ). Simultaneously Free Cash Flow Ratio, Debt Equity Ratio (DER), Institutional Ownership, Employee Welfare and Price Earning Ratio (PER) give effect to Divident Payout Ratio. The prediction ability of the five variables to the Divident Payout Ratio (DPR) is 21.3% as indicated by the adjusted R square of 0.271 while the remaining 79.7% is influenced by other factors not included in the research model.

Pengaruh Perubahan Laba, Arus Kas Operasi, DER dan DAR Terhadap Financial Distress pada Perusahaan Sub Sektor Semen, Keramik Porselin dan Kaca yang Terdaftar di BEI Tahun 2015 – 2019

2021 ◽  
Vol 11 (1) ◽  
pp. 1-14
Author(s):  
Ananda Rama Dhani ◽  
Nolla Puspita Dewi
Keyword(s):  
Cash Flow ◽  
Financial Distress ◽  
Sampling Method ◽  
Stock Exchange ◽  
Sample Selection ◽  
Manufacturing Companies ◽  
Purposive Sampling ◽  
Equity Ratio

This study aims to (1) determine the effect of Profit Changes on Financial Distress in Manufacturing companies in the cement, porcelain and glass sub-sector listed on the Indonesia Stock Exchange (2) determine the effect of Operational Cash Flow on Financial Distress in Manufacturing companies in the cement, porcelain and glass sub-sector listed on the Indonesia Stock Exchange (3) determine the effect of Debt To Equity Ratio (DER) on Financial Distress in Manufacturing companies in the cement, porcelain and glass sub-sector listed on the Indonesian Stock Exchange (4) determine the effect of Debt To Asset Ratio (DAR) on Financial Distress in Manufacturing companies in the cement, porcelain and glass sub-sector listed on the Indonesia Stock Exchange (5) determine the effect of Profit Changes, Operational Cash Flow, Debt T Equity Ratio (DER), Debt To Asset Ratio (DAR) on Financial Distress in Manufacturing companies in the cement, porcelain and glass sub-sector listed on the Indonesia Stock Exchange. The period used in this study is the period 2015-2019.The population in this study were Manufacturing companies in the sub-sector of cement, porcelain and glass which are listed on the Indonesia Stock Exchange. The sample selection used purposive sampling method.

scholarly journals MODAL INTELEKTUAL, MANAJEMEN LABA, IMBAL HASIL SAHAM SAAT INI DAN MASA DATANG

2019 ◽  
Vol 11 (2) ◽  
pp. 88-94
Author(s):  
Vicky Dwi Putra ◽  
Jaja Suteja ◽  
Erik Syawal Alghifari
Keyword(s):  
Stock Returns ◽  
Intellectual Capital ◽  
Quantitative Research ◽  
Stock Return ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Earning Management ◽  
Manufacturing Companies ◽  
Quantitative Research Methods ◽  
Panel Data Regression

Future stock returns are factors for investors to consider investing. This research aims to identify the influence of intellectual capital, earning management, and stock return toward future stock return in manufacturing companies of sub sectors food and beverages industry listed in Indonesia Stock Exchange period 2012 to 2017. This research used quantitative research methods with the sample as many as 7 companies. The sampling technique is used, as well as purposive sampling done based on certain criteria. The type of data used is secondary with analysis using panel data regression model with Eviews 10. The result shows that simultaneosly intellectual capital, earning management, and stock returns gave influence on future stock returns as much as 76.15%. Partially, intellectual capital had a positve but not significant, earning management had a negative and significant, stock returns had a positive and significant effects to future stock returns.

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