Relevance of Intangible Asset, Equity Book, and Earning Value on Stock Price in Information Technology Era

This study aims to provide an overview for issuers related to investors' behavior in using the values presented in financial statements in the information technology era, by measuring the moderation effect of intangible assets on the relevance of earnings and book value of equity on stock prices. It tested using a price multiple moderated regression model and LQ45 indexed issuers on the Indonesia Stock Exchange from 2012 to 2018 as a sample. The results of the study show that investors in the Indonesian capital market use the magnitude of profits and intangible assets as a material for consideration in making investment decisions, and no longer use book value of issuer's equity. They do not fully switch to using intangible assets as the creator of the main value of issuers but instead use them as one of the considerations in buying shares of an issuer. However, now investors use the value of intangible assets more dominant than using the value of profits.

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PENGARUH RASIO KEUANGAN TERHADAP HARGA SAHAM (STUDI PADA PERUSAHAAN SEKTOR PERTAMBANGAN MINYAK YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2014-2018)

Journal of Tourism and Economic ◽

10.36594/jtec.v4i2.127 ◽

2021 ◽

Vol 4 (2) ◽

pp. 187-197

Author(s):

Sulis Tiono ◽

Bambang Sugeng Dwiyanto

Keyword(s):

Stock Prices ◽

Stock Price ◽

Stock Exchange ◽

Secondary Data ◽

Financial Statements ◽

Financial Ratios ◽

Coefficient Of Determination ◽

Mining Sector ◽

Return On Equity ◽

Book Value

Stock price fluctuations are natural and almost occur in all companies in various sectors, including companies in the oil mining sector so that price changes affect the company's financial performance and stock prices which can be analyzed fundamentally using financial ratios to aspects in the financial statements. The framework of this research is to analyze the effect of financial ratios on stock prices. The population and sample used are oil mining sector companies listed on the Indonesia Stock Exchange 2014-2018. The sampling method used is purposive sampling or judgmental sampling. Sources of data used are secondary data in the form of financial statements. The tool used for data collection is through the method of observation and analysis of the company's financial statements. The results showed, based on the t test value, stock prices were positively influenced by Return on Equity (ROE), Book Value (BV) and Price to Book Value (PBV), while negatively influenced by Debt To Equity Ratio (DER) and Net Profit. Margins (NPM). Based on the F test value, stock prices are positively influenced by ROE, DER, NPM, Earnings Per Share (EPS), BV, and PBV. Based on the coefficient of determination test (R2), stock prices are strongly influenced by ROE, DER, NPM, BV, and PBV by 91.5% and influenced by other variables by 8.5%.

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FACTORS AFFECTING OPERATING CASH FLOW TO STOCK RETURN THROUGH STOCK PRICE

JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis dan Inovasi Universitas Sam Ratulangi). ◽

10.35794/jmbi.v5i2.20807 ◽

2018 ◽

Vol 5 (2) ◽

Author(s):

Aprih . Santoso

Keyword(s):

Stock Returns ◽

Cash Flow ◽

Stock Prices ◽

Stock Price ◽

Stock Return ◽

Stock Exchange ◽

Sampling Technique ◽

Financial Statements ◽

Manufacturing Companies ◽

Operating Cash Flow

Abstract : Companies need funds in order to carry out operations such as the financing of production activities, pay employees, pay other expenses related to the operation of the company. One way to obtain these funds is to attract investors to invest in companies in the form of stock, but in making this investment is certainly not easy for investors, because investors need consideration beforehand to find out how the company's performance. The purpose of this study was to examine and analyze the effect of operating cash flow to stock return through stock price at companies listed on the Stock Exchange Year 2012-2015. The data used in this study dala are secondary data from the financial statements of companies listed on the Indonesia Stock Exchange period 2012 - 2015. The data are in the form of financial statements can be obtained from the Indonesian Capital Market Directory (ICMD), the IDX website www.idx.co. id as well as from various other sources to support this research. The population in this research is manufacturing companies listed on the Stock Exchange the period 2012 - 2015. The samples taken by the sampling technique used purposive sampling.From the test results and analysis of the data it can be concluded that operating cash flow directly and indirectly has no effect on stock returns through stock prices showed no significant results. Keywords : Operating Cash Flow, Stock Price, Stocks Return

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PENGARUH EARNING PER SHARE (EPS) DAN PERTUMBUHAN PENJUALAN TERHADAP HARGA SAHAM PADA PERUSAHAAN FARMASI YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI)

FAKTOR-FAKTOR YANG MEMPENGARUHI PENGGELAPAN PAJAK DI KANTOR PELAYANAN PAJAK PRATAMA TEMANGGUNG ◽

10.26460/ad.v5i2.9574 ◽

2021 ◽

Vol 5 (2) ◽

Author(s):

Desi Nurul Hikmati Ilahiyah

Keyword(s):

Capital Market ◽

Stock Prices ◽

Stock Price ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Multiple Linear Regression Analysis ◽

Share Price ◽

Pharmaceutical Companies ◽

Sales Growth ◽

Earnings Per Share

On investing in the capital market one thing that must be considered is the stock price. The price of shares offered on a stock exchange is related to the achievements of the company. The share price can be purchased by earnings per share (EPS) and sales growth. The purpose of this study was to study the effect of earnings per share (EPS) and sales growth on the stock prices of pharmaceutical companies listed on the Indonesian stock exchange (IDX). The population in this study were 11 pharmaceutical companies that were accepted on the Stock Exchange and sampled through purposive sampling techniques as many as 9 companies in the 2015-2019 period. This study uses multiple linear regression analysis. EPS partial research results positive and significant EPS on EPS stock prices EPS has tcount (54,435)> ttable (2,02439), on the other hand, partial sales growth, positive and significant effect on stock prices, economic growth, thitung sales value ( -3,525) table (-2.02439). Simultaneous EPS and positive and significant growth in stock prices due to the results obtained Fcount (1560,773)> Ftable (3.25).

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ANALISIS HARGA SAHAM INDEX KOMPAS 100 DENGAN PENDEKATAN ERROR CORRECTION MODEL

Jurnal Dinamika Ekonomi Pembangunan ◽

10.33005/jdep.v4i1.201 ◽

2021 ◽

Vol 4 (1) ◽

pp. 406-414

Author(s):

Amir Hamzah

Keyword(s):

Error Correction ◽

Stock Prices ◽

Stock Price ◽

Stock Exchange ◽

Financial Statements ◽

Error Correction Model ◽

Short Term ◽

Correction Model ◽

Positive Effect

The purpose of this research is to analyze the short term and long term relationship between ROI, EPS, PER ,inflation, SBI, exchange rate,and GDP on Stock Price. The data in this research is company financial statements which included Compas 100 Index on the Indonesia Stock Exchange. statistical analysis in this research used stasionarity test, The Classical Assumptions Test, Cointegration Test, Error Correction Model Test. This research found that partially ROI, EPS, PER variables a positive effect on stock prices in the short term and long term, KURS and SBI a positive effect on stock prices in the short term, but there is no effect in the long term, inflation and GDP do not affect the stock price both in the short term and long term. Simultaneously affected the stock prices significantly affect on stock price both in the short term and long term.

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RELEVANSI NILAI INFORMASI AKUNTANSI ALTERNATIF SERTA IMPLIKASINYA TERHADAP PROSES PENGAMBILAN KEPUTUSAN INVESTASI DENGAN MENGGUNAKAN SEQUENTIAL EXPLANATORY MIXED METHOD

JURNAL AKUNTANSI BERKELANJUTAN INDONESIA ◽

10.32493/jabi.v3i1.y2020.p87-95 ◽

2020 ◽

Vol 3 (1) ◽

pp. 87

Author(s):

Mada Purwanto Wahyu Nugroho ◽

Ahmad Syifaudin

Keyword(s):

Mixed Method ◽

Stock Prices ◽

Stock Price ◽

Value Relevance ◽

Stock Exchange ◽

Accounting Information ◽

Financial Statements ◽

Sources Of Information ◽

Sequential Explanatory Mixed Method ◽

Sequential Explanatory

Distortion of information is one of the inherent accounting risks in financial statements. Financial statements are one of the fundamental sources of information that can be used in investment decision making in the Indonesia stock exchange. If investors use this information, then investors also have the same risk that is the distortion of information contained in financial statements. This research tries to test whether stock prices can be more explained through alternative accounting information or information contained in financial statements. This research was conducted using a sequential explanatory mixed method. Using data on companies listed in the Business 27 index, tested using path analysis through multiple regression models, the results of this research indicate that alternative accounting information has not been able to explain variations in stock price changes compared to accounting information contained in financial statements. Meanwhile, the results of the analysis using qualitative data indicate there is a match between the results of quantitative analysis and qualitative analysis. Keywords: Value Relevance; Alternative Accounting Information; Investment Decisions

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ANALISIS PENGARUH RASIO KEUANGAN TERHADAP HARGA SAHAM PADA BANK DI BURSA EFEK INDONESIA

ACCOUNTABILITY ◽

10.32400/ja.4947.3.1.2014.122-133 ◽

2014 ◽

Vol 3 (1) ◽

pp. 122

Author(s):

Robert Lambey

Keyword(s):

Capital Market ◽

Random Sampling ◽

Stock Price ◽

Stock Exchange ◽

Financial Statements ◽

Analytical Tool ◽

Coefficient Of Determination ◽

Ratio Analysis ◽

Financial Ratio ◽

Financial Ratio Analysis

aruh analisis rasio keuangan yaitu CR, ROA,DER,dan TATO terhadap Harga Saham pada bank. Dalam hal ini peneliti menggunakan data berupa laporan keuangan Bank yang tercatat di Bursa Efek Indonesia (BEI). Peneliti menggunakan sampel sebanyak 7 Bank yang dipilih secara purposive random sampling, yaitu perusahaan Bank yang terdaftar di BEI periode tahun 2008-2011. Data laporan keuangan yang digunakan adalah laporan keuangan yang telah dipublikasikan di dalam Indonesia Capital Market Directory (ICMD) 2013. Alat analisis yang digunakan adalah analisis regresi berganda, uji t, uji F dan koefisien determinasi yang diuji dengan uji asumsi klasik. Berdasarkan hasil analisis data dapat disimpulkan bahwa variabel ROA dan TATO mempunyai pengaruh yang signifikan terhadap Harga Saham. Kata Kunci: CR,ROA,DER, TATO, Harga Saham. ABSTRACTThe purpose of this study to know the effect of financial ratio analysis, namely CR, ROA, DER, and TATO to the stock price on the bank. In this case the researchers used the data in the form of financial statements of the Bank are listed on the Indonesia Stock Exchange (IDX). Researchers used a sample of 7 Banks are selected by purposive random sampling, the bank company listed on the Stock Exchange in the period 2008-2011. The data used financial statements are the financial statements that have been published in the Indonesian Capital Market Directory (ICMD) 2013. Analytical tool used is multiple regression analysis, t test, F test and coefficient of determination are tested with classical assumption test. Based on the analysis of data it can be concluded that the variables ROA and TATO has a significant effect on stock price. Keywords: CR, ROA, DER, TATO, Stock Price

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PENGARUH FAKTOR-FAKTOR FUNDAMENTAL TERHADAP HARGA SAHAM PADA PERUSAHAAN ASURANSI DI BEI 2009-2012

ACCOUNTABILITY ◽

10.32400/ja.6422.3.2.2014.28-39 ◽

2014 ◽

Vol 3 (2) ◽

pp. 28

Author(s):

Robert Lambey

Keyword(s):

Regression Analysis ◽

Multiple Regression Analysis ◽

Multiple Regression ◽

Capital Market ◽

Stock Price ◽

Stock Exchange ◽

Financial Statements ◽

Coefficient Of Determination ◽

Analysis Tool ◽

Food And Beverage

The purpose of this study to know the influence of fundamental factors that ROA, DER, TATO, and CR on stock price. In this case the researchers used data in the form of financial statements food and beverage companies listed in Indonesia Stock Exchange (IDX). Researchers used a population of 10 companies listed on the Stock Exchange period 2009-2012. The data used financial statements are the financial statements that have been published in the Indonesian Capital Market Directory (ICMD) in 2013 and in www.idx.co.id. The analysis tool used is multiple regression analysis, t test, F test and the coefficient of determination was tested with the classical assumption. Based on the analysis of data it can be concluded that the variable DER and CR have a significant effect on stock price.

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ANALISIS PENGARUH FAKTOR FUNDAMENTAL DAN PASAR TERHADAP HARGA SAHAM PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

Jurnal Manajemen dan Bisnis ◽

10.54367/jmb.v15i2.102 ◽

2015 ◽

pp. 12-30

Author(s):

Anastasia F. Karo-Karo ◽

Donalson Silalahi

Keyword(s):

Stock Prices ◽

Stock Price ◽

Stock Exchange ◽

Secondary Data ◽

Manufacturing Companies ◽

Analysis Model ◽

Return On Equity ◽

Book Value ◽

Capitalization Rate ◽

Value Growth

This study aimed to analyze the influence Earning Per Share, Return on Equity, Book Value, Growth Company and market factors, namely Capitalization Rate on stock price on manufacturing companies listed in Indonesia Stock Exchange. The object of this research is manufacturing companies listed in Indonesia Stock Exchange 2010-2012 period who actively publish the financial statements in the period of observation. In this study, the data collected is of secondary data is data obtained indirectly from the object of research. Therefore, in this study the data capture technique using the documentation techniques. The procedure of sample selection is purposive sampling and analysis model used is the Multiple regression to test the hypothesis that the t test and F test and also performed classical assumption. The results showed that the Earning Per Share, Return on Equity, Book Value positive and significant effect on stock prices and capitalization rates and a significant negative effect on stock prices. Based on the test results indicate that simultaneous Earning Per Share, Return on Equity, Book Value, Growth companies and capitalization rates affect stock prices. Variations independent variable Earning Per Share, Return on Equity, Book Value, Growth companies and capitalization rate is able to explain the variation in stock prices by 95.64%.

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Analisis Pengaruh Ratio Keuangan dengan Harga Saham pada Perusahaan Properti di Bursa Efek Indonesia

Jurnal Maksipreneur Manajemen Koperasi dan Entrepreneurship ◽

10.30588/jmp.v1i2.73 ◽

2012 ◽

Vol 1 (2) ◽

pp. 33

Author(s):

Bambang Sugeng Dwiyanto

Keyword(s):

Financial Performance ◽

Stock Prices ◽

Stock Price ◽

Stock Exchange ◽

Financial Ratio ◽

Book Value ◽

Property Companies ◽

Retained Earnings ◽

Total Sales ◽

Do So

Bankcruptcy is a very important problem, in which every company should be aware of. It is very important to detect the signs of the coming bankruptcy of the company as soon as possible in order to take effective action to avoid it. One popular model to do so is Z-score, a statistical model to predict bankruptcy based on company financial performance. This paper deals with the analysis of the financial performance of property companies listed on the Indonesia Stock Exchange. However, in previous research it was found that there is no strong correlation between the companies financial performance with their stock prices, thus encouraging further research. In this research, the analysis focused on the influence of the financial ratio-ratio (X1) Ratio net working capital / total assets, (X2) Ratio of retained earnings / total assets, (X3) Ratio of earnings before interest and taxes / total assets, (X4) Ratio of market value equity / book value of total debt, and (X5) Total sales / Total assets) to the stock price. Apparently based on classical assumption test, multiple regression analysis, coefficient of determination, and F-Test , it was found that there is no significant effect between the financial value of ratio-ratio simultaneously with their stock prices, and the ratio of total sales / total assets is the most dominant variable influence.

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The Effects of Financial Ratio and Market Based Ratio toward the Stock Price of Manufacturing Industry Sector in Indonesia Stock Exchange

Binus Business Review ◽

10.21512/bbr.v6i3.953 ◽

2015 ◽

Vol 6 (3) ◽

pp. 431

Author(s):

Mulyono Mulyono

Keyword(s):

Stock Prices ◽

Stock Price ◽

Manufacturing Industry ◽

Stock Exchange ◽

Positive Influence ◽

Return On Assets ◽

Book Value ◽

Industry Sector ◽

Price Earnings Ratio ◽

Equity Ratio

The research objectives to examine the magnitude of the significant influence between financial ratios and the market based ratio toward the stock price of manufacturing industry sector in Indonesia Stock Exchange (IDX). In accordance IDX data by December 2013, the number of companies, included in the stock of the manufacturing industry sector, is 139 companies. Based on the analysis, it is concluded that the variable return on assets (ROA) and price to book value (PBV) has positive influence on stock prices. It can be interpreted that the higher the return on assets ratio and price to book value, the more positive influence on the increase of the stock price. The variable debt to equity ratio (DER) and price earnings ratio (PER) has negatively influence the stock price on the stock of manufacturing industry sector. This can be interpreted the higher the value of the debt to equity ratio and price earnings ratio, the more negatively influence on the decrease stock price.

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