scholarly journals Pengaruh Kinerja Keuangan dan Makroekonomi Terhadap Harga Saham Sektor Industri Konsumsi

2020 ◽  
Vol 25 (2) ◽  
pp. 304
Author(s):  
Nur M. Azizah, Lukytawati Anggraeni, Tony Irawan
Keyword(s):  
Exchange Rate ◽  
Financial Performance ◽  
Stock Price ◽  
Investment Decision ◽  
Good Decision ◽  
Panel Data Regression ◽  
Data Regression ◽  
Negative Effect ◽  
Positive Effect

Stock price can be affected by financial performance and macroeconomic. Investors need to consider financial performance and macroeconomic condition in making investment decision. The goal of this study is to analyze the effect of financial performance and macroeconomic toward stock price of consumer goods industry. Panel Data Regression is used in this study to analyze the effect of financial performance and macroeconomic toward stock price. The result of this study shows the liquidity ratio (CR) has a significant and negative effect toward stock price, while the profitability ratio (ROE) has a significant and positive effect toward stock price. Macroeconomic inflation and exchange rate have a significant and positive effect toward stock price. Firms with high liquidity ratio (CR) have to control the liquidity ratio, because in the long term high liquidity has a negative effect toward stock price so the stock price may decrease. Investors need to compare the financial performance in order to make a good decision.

scholarly journals PENGARUH INFLASI, KURS DAN SUKU BUNGA TERHADAP RISIKO SISTEMATIS SEBAGAI VARIABEL MEDIASI DAN IMPLIKASINYA TERHADAP HARGA SAHAM DENGAN PENERAPAN REGRESI DATA PANEL COMMON EFFECT

Kinerja ◽  
2020 ◽  
Vol 2 (01) ◽  
pp. 133-152
Author(s):  
Sunaryo
Keyword(s):  
Exchange Rate ◽  
Panel Data ◽  
Path Analysis ◽  
Stock Price ◽  
Systematic Risk ◽  
Significant Negative Effect ◽  
Common Effect ◽  
Panel Data Regression ◽  
Data Regression ◽  
Negative Effect

The aims of this research are to examine the direct effect and indirect effect of Inflation, Exchange Rate, Interest Rate on Stock Price with Systematic Risk as an intervening variable. This research sample is shared in the sharia category in the JII group (Jakarta Islamic Index) listed on the Indonesia Stock Exchange (IDX) period 2013-2018 by using a purposive sampling method. There were 41 stocks selected as samples. The method of analysis used is Path Analysis, the development of panel data regression common effect. Using panel data regression with common effect analysis, it is known that the Inflation and Exchange Rate has a positive significant effect on Systematic Risk. However, Interest Rates have a significant negative effect on Systematic Risk. Systematic Risk has a significant negative effect on Stock Price. The path analysis results show that Systematic Risk mediates the effect of Inflation and Exchange Rates on the Stock price.

scholarly journals Analisis disparitas pendapatan di Indonesia tahun 2015-2019: analisis regresi data panel

2021 ◽  
Vol 1 (7) ◽  
pp. 670-685
Author(s):  
Niken Ningtiyas ◽  
Inayati Nuraini Dwiputri
Keyword(s):  
Economic Growth ◽  
Well Being ◽  
Income Disparity ◽  
Income Disparities ◽  
Panel Data Regression ◽  
Data Regression ◽  
Alpha Level ◽  
Negative Effect ◽  
Positive Effect

Abstract Income disparity is a problem in many countries that can cause economic inefficiency, weaken social stability and solidarity, and inequality in long-term well-being. This study describes the income disparity in the provinces in Indonesia using the Williamson Index. The purpose of this study is to find out how the conditions of income disparity in Indonesia are and what are the variables that influence it. This study analyzes panel data regression from 32 provinces in Indonesia for 5 years through Eviews10. From the Williamson index calculation, East Java Province has the highest level of disparity while Gorontalo Province has the lowest disparity. Economic growth, investment, APBD, and Unemployment have a positive effect on income disparity while HDI has a negative effect. Variables that have a significant effect on the 5 percent alpha level are HDI, Government Spending, and Unemployment. While the variable of economic growth has a prob of 0.1558 so that it has a significant effect on income disparities at the alpha level of 0.2 or 20 percent, and investment has a prob of 0.4570 so that it has a significant effect on the alpha level of 0.5 or 50 percent. Abstrak Disparitas pendapatan merupakan suatu permasalahan di banyak negara yang dapat menyebabkan inefisiensi ekonomi, melemahkan stabilitas sosial dan solidaritas, serta ketidakadilan dalam kesejahteraan dalam jangka panjang. Penelitian ini menggambarkan disparitas pendapatan di provinsi-provinsi di Indonesia dengan Indeks Williamson. Tujuan dari penelitian ini adalah untuk mengetahui bagaimana kondisi disparitas pendapatan di Indonesia dan apa saja variabel-variabel yang mempengaruhinya. Penelitian ini menganalisis regresi data panel dari 32 provinsi di Indonesia selama 5 tahun melalui Eviews10. Dari perhitungan indeks williamson, Provinsi jawa timur memiliki tingkat disparitas tertinggi sementara Provinsi Gorontalo memiliki disparitas terendah. Pertumbuhan ekonomi, investasi, APBD, dan TPT berpengaruh positif terhadap disparitas pendapatan sedangkan IPM berpengaruh negatif. Variabel yang berpengaruh signifikan pada tingkat alpha 5 persen yakni IPM, APBD, dan TPT. Sedangkan variabel pertumbuhan ekonomi memiliki prob sebesar 0.1558 sehingga berpengaruh signifikan terhadap disparitas pendapatan pada tingkat alpha 0.2 atau 20 persen, dan investasi memiliki prob sebesar 0.4570 sehingga berpengaruh signifikan pada tingkat alpha 0.5 atau 50 persen.

scholarly journals KINERJA KEUANGAN TERHADAP KEMAMPUAN BERKELANJUTAN PERUSAHAAN

2019 ◽  
Vol 11 (1) ◽  
pp. 24-32
Author(s):  
Kurnia Octha Saputri
Keyword(s):  
Financial Performance ◽  
Commercial Bank ◽  
Sampling Methods ◽  
Sample Selection ◽  
Capital Adequacy ◽  
Operational Performance ◽  
Panel Data Regression ◽  
Data Regression ◽  
Negative Effect ◽  
Positive Effect

This study aims to investigate the financial performance and sustainable company ability and investigate the effect of financial performance as measured by by profitability (ROA), capital adequacy (CAR), operational performance efficiency (BOPO), liquidity (FDR), and non performing financing (NPF), on the sustainable company ability as measured by the FSR at Sharia Commercial Bank in Indonesia for the period 2012-2016.The sample used in this research is 11 Sharia Commercial Banks. The sample selection technique used is purposive sampling. Methods of data analysis using panel data regression analysis with 5% significance. The result of t test shows that capital adequacy has significant positive effect, meanwhile profitability operational performance efficiency, liquidity, and non performing financing has significant negative effect. The result of F test shows that simultaneously the financial performance has significant effect on corporate sustainable capability with adjusted R2 of 0.581292.

scholarly journals Analisis produktivitas tenaga kerja sektor pertanian di Sumatera

2017 ◽  
Vol 12 (2) ◽  
pp. 49-56
Author(s):  
Awina Oktavia ◽  
Zulfanetti Zulfanetti ◽  
Yulmardi Yulmardi
Keyword(s):  
Exchange Rate ◽  
Panel Data ◽  
Regression Model ◽  
Labor Productivity ◽  
Agricultural Sector ◽  
Significant Positive Effect ◽  
Panel Data Regression ◽  
Data Regression ◽  
Negative Effect ◽  
Positive Effect

The aims of this study was to analyze the effect of education and the exchange rate of farmers on the level of labor productivity in the agricultural sector in Sumatra. The data used is panel data of provinces in Sumatra during 2010-2014. The analysis used a panel data regression model. The results showed that education had significant positive effect, while the farmer exchange rate had a significant negative effect on the level of agricultural sector labor productivity in Sumatra.

scholarly journals PENGARUH STRUKTUR MODAL, UKURAN PERUSAHAAN, LIKUIDITAS TERHADAP KINERJA KEUANGAN YANG DIMODERASI INFLASI

2019 ◽  
Vol 2 (2) ◽  
pp. 483
Author(s):  
Cindhy Dahlia
Keyword(s):  
Panel Data ◽  
Capital Structure ◽  
Financial Performance ◽  
Firm Size ◽  
Significant Positive Effect ◽  
Panel Data Regression ◽  
Data Regression ◽  
Negative Effect ◽  
The Relationship ◽  
Positive Effect

This study aims to obtain empirical evidence on the effect of capital structure, firm size, liquidity of financial performance and inflation as a moderating variable. The number of sample companies used in this study is 168 non financial companies period from 2012 to 2016. The results of this study indicate that on the capital structure have a significant negative effect of financial performance, firm size have a significant positive effect of financial performance, and liquidity have an non significant and positive effect of financial performance. Data were analyzed using panel data regression. Based on the analysis of regression panel data, we concluded that the inflation proved to have a pure moderating influence on the relationship between liquidity of the financial performance. Keyword: Capital Structure, Firm Size, Liquidity, Inflation, Financial performanceAbstrakPenelitian ini bertujuan untuk mendapatkan bukti empiris mengenai pengaruh struktur modal, ukuran perusahaan, likuiditas terhadap kinerja keuangan yang dimoderasi oleh inflasi. Jumlah sampel perusahaan yang digunakan dalam penelitian ini adalah 168 perusahaan non keuangan tahun 2012-2016. Hasil penelitian ini menunjukkan struktur modal berpengaruh negatif dan signifikan terhadap kinerja keuangan, ukuran perusahaan berpengaruh positif dan signifikan terhadap kinerja keuangan, likuiditas berpengaruh positif dan tidak signifikan terhadap kinerja keuangan. Data yang dianalisis menggunakan regresi data panel. Berdasarkan analisis regresi data panel, dapat disimpulkan bahwa inflasi sebagai variabel pure moderating antara pengaruh likuditas terhadap kinerja keuangan.Keyword: struktur modal, ukuran perusahaan, likuiditas, inflasi, kinerja keuangan

scholarly journals PENGARUH KURS, HARGA CPO (CRUDE PALM OIL) DAN PROFITABILITAS TERHADAP RISIKO SISTEMATIS DAN IMPLIKASINYA TERHADAP HARGA SAHAM

Kinerja ◽  
2020 ◽  
Vol 2 (02) ◽  
pp. 45-67
Author(s):  
Sunaryo ◽  
Denny Kurniawan
Keyword(s):  
Exchange Rate ◽  
Path Analysis ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Systematic Risk ◽  
Negative Influence ◽  
Panel Data Regression ◽  
Data Regression ◽  
Negative Effect

The purpose of this research was to determine the influence of Exchange Rate, CPO Price, Profitability on the systematic risk and its implications on stock price. This research sample is the oil palm sub-sector shares listed on the Indonesia Stock Exchange (IDX) period 2007-2016 by using purposive sampling method. There were 6 stocks selected as samples. The analytical method used is Path Analysis, the development of panel data regression with common effects. The results of the study showed found partially that the Exchange Rate, CPO Prices and Profitability has a significant and negative influence on the Systematic Risk. Exchange rates, CPO prices and Profitability partially has a significant positive effect on stock prices. Systematic Risk has a significant negative effect on Stock Prices. The path analysis results show that Systematic Risk mediates the effect of Exchange Rate and Profitability on Stock Prices. However, Systematic Risk does not mediate the effect of CPO Prices on Stock Prices.

A Study of Multilayered Profitability Analysis by Using DuPont Model: Evidence from Indian Pharmaceutical Industry

2021 ◽  
pp. 097215092199305
Author(s):  
Pinku Paul
Keyword(s):  
Panel Data ◽  
Pharmaceutical Industry ◽  
Profit Margin ◽  
Pharmaceutical Firms ◽  
Sustainable Performance ◽  
Profitability Analysis ◽  
Panel Data Regression ◽  
Data Regression ◽  
Negative Effect ◽  
Positive Effect

Profitability is used as a prime indicator to measure the sustainable performance of an organization. The current study made an attempt to apply the DuPont model to investigate the multilevel profitability determinants for the pharmaceutical industry of India. The study also estimates an empirical model to predict the association of profitability with factors such as profit margin, asset utilization, leverage, interest load and tax load of firms in the pharmaceutical industry of India. For this purpose, a dataset for 170 companies from 2010–2011 to 2018–2019 was analysed initially by using panel data regression followed by stepwise panel data regression. The study successfully applied and tested the DuPont model with respect to the firms of the pharmaceutical industry in India. It was found that the factors such as profit margin, asset utilization and leverage had a significant positive effect on the firms’ profitability and the factor interest load had a significant negative effect on the firms’ profitability. The tax load does not have an impact on the profitability of the pharmaceutical firms in India. These findings are expected to provide a guide for understanding the profitability of the firms in a better way.

scholarly journals PENGARUH KINERJA KEUANGAN TERHADAP RISIKO KEBANGKRUTAN BANK UMUM SYARIAH DI INDONESIA (METODE ALTMAN Z-SCORE MODIFIKASI PERIODE 2011-2017)

2018 ◽  
Vol 4 (2) ◽  
pp. 166
Author(s):  
Luluk Afiqoh ◽  
Nisful Laila
Keyword(s):  
Capital Adequacy ◽  
Z Score ◽  
Return On Assets ◽  
Analysis Techniques ◽  
Panel Data Regression ◽  
Capital Adequacy Ratio ◽  
Data Regression ◽  
Negative Effect ◽  
Score Method ◽  
Positive Effect

This research aims to find out the influence of financial performance measured using the Capital Adequacy Ratio variable, Financing to Deposit Ratio, Leverage, Bank Size, Loan to Asset Ratio and Return on Assets to the risk of sharia bank bankruptcy in Indonesia calculated using the Altman Z-Score method Modification. This study uses a quantitative approach with panel data regression analysis techniques. The results of this study show partially the variable Capital Adequacy Ratio, Financing to Deposit Ratio, Bank Size has a significant positive effect, the variable Loan to Asset Ratio Leverage has a significant negative effect, and Return on Asset has a positive and insignificant effect. Nevertheles the variable Capital Adequacy Ratio, Financing to Deposit Ratio, Leverage, Bank Size, Loan to Asset Ratio and Return on Asset have a significant effect on the value of Altman Z-Score as a measure of the risk of bankruptcy in Islamic commercial banks in Indonesia.

scholarly journals PENGARUH VARIABEL MAKRO EKONOMI TERHADAP PERTUMBUHAN EKONOMI INDONESIA TAHUN 2015-2019

2021 ◽  
Vol 2 (2) ◽  
pp. 88-99
Author(s):  
Feby Kinanda
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Unemployment Rate ◽  
Trade Balance ◽  
Inflation Rate ◽  
Short Term ◽  
Negative Effect ◽  
The Exchange Rate ◽  
Positive Effect

This study aims to analyze the effect of macroeconomic variables including the open unemployment rate, trade balance, inflation rate and the rupiah exchange rate against the dollar on Indonesian economic growth by using the ECM error correction model approach to see the long-term and short-term relationships that influence macro variables on economic growth. , in the long term the open unemployment rate variable, the trade balance, the inflation rate have a negative effect while the exchange rate has a positive effect, while in the short term the open unemployment rate, the inflation rate and the exchange rate have a negative effect while the trade balance has a positive effect.   Keywords: Economic Growth, Open Unemployment Rate, Trade Balance, Inflation, Exchange Rate

scholarly journals Dampak Thin Capitalization, Profitabilitas, Dan Ukuran Perusahaan Terhadap Tindakan Penghindaran Pajak

2021 ◽  
Vol 21 (02) ◽  
Author(s):  
Tesa Anggraeni ◽  
Rachmawati Meita Oktaviani
Keyword(s):  
Stock Exchange ◽  
Tax Avoidance ◽  
Company Size ◽  
Manufacturing Companies ◽  
Panel Data Regression ◽  
Data Regression ◽  
Negative Effect ◽  
Independent Variable ◽  
Positive Effect ◽  
Thin Capitalization

This researcher examines how thin capitalization, profitability, and company size affect tax avoidance. The sample used is manufacturing companies listed on the Indonesia Stock Exchange for the period 2017 to 2019. The sampling method uses purposive sampling in order to obtain 69 manufacturing companies. This study uses panel data regression analysis techniques with the help of the Eviews 10. This study shows that the independent variable thin capitalization has no effect on tax avoidance. While profitability has a significant positive effect on tax avoidance, and company size has a significant negative effect on tax avoidance.

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