scholarly journals FAKTOR-FAKTOR YANG MEMPENGARUHI CASH HOLDINGS PERUSAHAAN DI BURSA EFEK INDONESIA

2017 ◽  
Vol 21 (3) ◽  
pp. 336
Author(s):  
Suherman Suherman
Keyword(s):  
Cash Flow ◽  
Stock Exchange ◽  
Cash Holdings ◽  
Fixed Effect Model ◽  
Sales Growth ◽  
Financial Firms ◽  
Positive Effects ◽  
Cash Conversion Cycle ◽  
Effect Model ◽  
Negative Effect

The purpose of this study is to examine determinants of cash holdings of non-financial firms listed on Indonesia Stock Exchange between 2012 and 2015. Sample of this research covers 328 firms (1312 observations). This research employs fixed effect model. The results show that net working capital and sales growth have positive effects on cash holding, while firm size has negative effect. Cash flow, cash flow variability, cash conversion cycle, liquidity, leverage do not affect the cash holdings.

scholarly journals FAKTOR-FAKTOR YANG MEMPENGARUHI CASH HOLDINGS PADA PERUSAHAAN PELAYARAN DI INDONESIA

2019 ◽  
Vol 7 (1) ◽  
pp. 8
Author(s):  
Zulyani Zulyani ◽  
Hardiyanto Hardiyanto
Keyword(s):  
Cash Flow ◽  
Firm Size ◽  
Stock Exchange ◽  
Cash Holdings ◽  
Fixed Effect Model ◽  
Cash Holding ◽  
Significant Positive Effect ◽  
Working Capital ◽  
Effect Model ◽  
Positive Effect

The purpose of this study was to examine determinants the factors that influence cash holdings on shipping companies listed on the Indonesia Stock Exchange from 2015 to 2017. The study sample used quarterly financial performance for 12 shipping companies. This study uses a fixed effect model. The results revealed that net working capital had a significant positive effect on cash holding in shipping companies in Indonesia, while cash flow, cash flow variability, liquidity, leverage and firm size did not significantly influence to cash holdings.

scholarly journals TAX AVOIDANCE PADA PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI BARANG DAN KONSUMSI SUB SEKTOR MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2013-2017

Media Ekonomi ◽  
2019 ◽  
Vol 27 (1) ◽  
pp. 17
Author(s):  
Yulyanah Yulyanah ◽  
Sri Yani Kusumastuti
Keyword(s):  
Stock Exchange ◽  
Tax Avoidance ◽  
Institutional Ownership ◽  
Fixed Effect Model ◽  
Analysis Tool ◽  
Debt Level ◽  
Effect Model ◽  
Food And Beverage ◽  
Negative Effect

<p><em>This study aimed to examine the effect of profit level, debt level and institutional ownership to tax avoidance</em>. <em>The population in this study amounted to 18 food and beverage companies listed on the Indonesia Stock Exchange (BEI) in the period 2013-2017. Determination of the sample using purposive sampling method and obtained a sample of 5 food and beverage companies based on certain criteria. Independent variables used in this study profit level, debt level and institutional ownership, and the dependent variable was measured using the tax avoidance the measured of the book tax difference (BTD). The analysis tool used is the panel regression and the selected model is a fixed effect model. </em><em>The result showed that profit level has positive effect on the tax avoidance. Meanwhile the debt level does not have effect on the tax avoidance and institutional ownership has negative effect on tax avoidance.</em></p>

scholarly journals PENGHINDARAN RISIKO, DIVERSIFIKASI PENDAPATAN DAN EFISIENSI INTERMEDIASI BANK DI INDONESIA

2017 ◽  
Vol 10 (1) ◽  
Author(s):  
Bang Jessica Santiyano ◽  
Kim Sung Suk
Keyword(s):  
Estimation Method ◽  
Fixed Effect Model ◽  
Risk Averse ◽  
Income Diversification ◽  
Bank Efficiency ◽  
Panel Data Estimation ◽  
Positive Effects ◽  
Effect Model ◽  
Negative Effect ◽  
Specific Factors

<p>This study aims to examine the effect of bank-specific factors, market structure and macroeconomic to intermediation efficiency of bank as measured by the spread. The data used as many as 99 conventional commercial banks in Indonesia from 2004 to 2013. Panel data estimation method uses the fixed effect model. Results showed that risk averse has positive effects on spread. Income diversification has negative effect on the spread. Other results show that bad loans and liquidity have negative effect on spread. While the operating costs, the market concentration, economic growth, and inflation has negativve effect on spread.<br />Keywords: bank efficiency, risk averse, income diversification</p>

Impact of Trade Credit on Sales Growth: An Empirical Study Based on Cement Sector of Pakistan

2017 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Muhammad Aslam ◽  
Rana Tanveer Hussain
Keyword(s):  
Trade Credit ◽  
Stock Exchange ◽  
Fixed Effect Model ◽  
Industrial Sector ◽  
Sales Growth ◽  
Financial Reports ◽  
Business Units ◽  
Effect Model ◽  
Independent Variable

Trade credit management is considered very important in the field of finance for most of the firms. This study throws light on the management of current assets and current liabilities in relation to the trade credit. Trade credit has been a growing source of finance of industrial sector in Pakistan. In this study, the main aim is to analyze the role of trade credit in upgradation of cement sector. To achieve this object, data was taken from the annual financial reports of 17 firms listed cement sector in Pakistan Stock Exchange (PSX). The analyses have been carried out by using the data of 8 years, starting from year 2007 to 2014. Apparently not much work has been done to find out the success or failure of the business units selling cement on credit terms under market conditions prevailing in Pakistan. It was interesting to study the relation of trade credit and sales growth with respect to a developing nation like Pakistan. Panel data (fixed effect) model was used for the estimation of results decided on the basis of Hausman test. In addition to use of trade credit as independent variable, control variables (age, size and lagged sales growth) were also added in the model. Findings of the study show that trade credit has very significant positive affect on sales growth of the firms proclaiming the recommendation for the use of trade credit to enhance the revenues.

scholarly journals Faktor-Faktor Yang Mempengaruhi Financial Distress

2021 ◽  
Vol 21 (2) ◽  
pp. 734
Author(s):  
Endriana Winda Wulandari ◽  
Jaeni Jaeni
Keyword(s):  
Cash Flow ◽  
Financial Distress ◽  
Quantitative Research ◽  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
Sales Growth ◽  
Operating Capacity ◽  
Negative Effect ◽  
Operating Cash Flow

This study aims to analyze the influence of operating cash flow, leverage, liquidity, operating capacity, profitability and sales growth on the financial distress of Property and Real Estate companies on the Indonesia Stock Exchange (IDX) 2015-2019. This research is a type of quantitative research using secondary data. The sample in this study obtained as many as 26 companies, in the case of the method used is purposive sampling which is a sampling method by determining the criteria that have been determined. The data analysis method used multiple linear regression. The results of the F test show that operating cash flow, leverage, liquidity, operating capacity, profitability, and sales growth variables simultaneously affect financial distress. However, in testing the hypothesis (t-test) the operating cash flow, operating capacity, profitability and sales growth variables have no effect on financial distress, while the leverage and liquidity variables have a significant and negative effect on financial distress

scholarly journals Analisis Faktor Determinan Kinerja Keuangan pada Perusahaan yang Terdaftar di Bursa Efek Indonesia

2019 ◽  
Vol 3 (1) ◽  
pp. 30
Author(s):  
Jenny Florentina ◽  
Supriyanto Supriyanto
Keyword(s):  
Firm Performance ◽  
Cash Flow ◽  
Income Tax ◽  
Stock Exchange ◽  
Secondary Data ◽  
Sales Growth ◽  
Return On Equity ◽  
Negative Effect ◽  
Investment In Fixed Assets ◽  
Tax Expense

This research is aimed to investigate determinant factors of firm performance especially listed companies at Indonesia Stock Exchange, using Return on Assets (ROA), Return on Equity (ROE), and Market-to-Book Value Ratio (MBR) as dependent variables. Determinants tested are current assets, leverage, cash flow, sales growth, investment in fixed assets, company characteristics, and income tax expense, with liquidity as control. Panel data regression is applied using secondary data in this study, with sample of companies with complete and audited annual financial statements for 2012-2017 period which are listed at Indonesia Stock Exchange. The results revealed current assets have significant negative effect on firm performance, while cash flow from operating activities, sales growth, and income tax expense significantly influence firm performance in positive. However leverage, investing and financing cash flow insignificantly influence firm performance. Firm characteristic overall has insignificant effect towards ROA and MBR but significantly determine ROE.

scholarly journals AN EVALUATION OF THE IMPACT OF CAPITAL STRUCTURE ON FIRMS' PERFORMANCE : A QUANTITATIVE STUDY OF SELECTED NON-FINANCIAL FIRMS LISTED ON THE INDONESIA STOCK EXCHANGE DURING THE PERIOD 2005-2012

2018 ◽  
Vol 1 (1) ◽  
pp. 88-105
Author(s):  
Argeta Argeta ◽  
Niken S. Putri
Keyword(s):  
Capital Structure ◽  
Stock Exchange ◽  
Random Effect ◽  
Fixed Effect Model ◽  
Transportation Industry ◽  
Financial Firms ◽  
Financial Position ◽  
Industry Effect ◽  
Effect Model ◽  
The Impact

Capital structure is an important element for every company and directly affects the firms' performance and financial position. This study aims to evaluate the impact of capital structure on the performance of non-financial firms listed on the Indonesia Stock Exchange during the period 2005-2012. The data consist of 150 publicly listed non-financial firms from 8 non-financial industries in Indonesia. Panel data for the selected firms were generated and analyzed using both fixed effect model and random effect. The result shows that capital structure (DAR) has a significant impact on firms' performance (ROA, ROE, and GPM) and has no significant impact of capital structure on firms' performance caused by industry differences. Infrastructure, utilities, and transportation industry has the strongest industry effect on the impact of capital structure on firms' performance.

scholarly journals The Effect of Leverage, Sales Growth, Cash Flow on Financial Distress with Corporate Governance as a Moderating Variable

2020 ◽  
Vol 9 (1) ◽  
pp. 15-21
Author(s):  
Rizka Vidya Dwi Giarto ◽  
Fachrurrozie Fachrurrozie
Keyword(s):  
Corporate Governance ◽  
Cash Flow ◽  
Financial Distress ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Managerial Ownership ◽  
Sales Growth ◽  
Manufacturing Companies ◽  
Negative Effect ◽  
Positive Effect

The aim of this study is to detect the effect of leverage, sales growth, and cash flow on financial distress with corporate governance as moderating variable. This research used all of basic and chemical sector manufacturing companies listed on the Indonesian Stock Exchange (IDX 2013-2017 period, there were 69 companies. Sampling used with purposive sampling technique and selected 31 companies with 152 analysis units. The data was analysed by descriptive statistical analysis and logistic regression for inferential statistical. The Results show that leverage has significant positive effect to financial distress. Sales growth has no significant effect to financial distress. Cash flow has a significant negative effect to financial distress. Corporate governance measured by managerial ownership is be able to weaken the positive effect of leverage and strengthen the negative effect of sales growth to financial distress, but not be able to strengthen the negative effect of cash flow to financial distress. The conclusions in this research are just leverage and cash flow have significantly effect to financial distress, as well as corporate governance only able to moderate the effect of leverage and sales growth to financial distress.  

scholarly journals DOES PROFITABILITY, FIRM SIZE, AND MACROECONOMIC VARIABLE AFFECT YIELD TO MATURITY OF CORPORATE SUKUK?

2020 ◽  
Vol 2 (2) ◽  
pp. 75-86
Author(s):  
Suci Aprilliani Utami ◽  
Yana Rohmana
Keyword(s):  
Panel Data ◽  
Firm Size ◽  
Stock Exchange ◽  
Fixed Effect Model ◽  
Macroeconomic Variable ◽  
Yield Level ◽  
Effect Model ◽  
Analysis Technique ◽  
Negative Effect ◽  
Effect On Yield

The purpose of of this research is to examine the influence of profitability, firm size, and macroeconomic variable on the yield to maturity of corporate sukuk. The yield to sukuk maturity that will be received by investors illustrates the level of investor profit but the yield level also describes the level of risk borne by investors. This research was conducted on all companies listed on the Indonesia Stock Exchange in the 2015-2018 period which issued sukuk ijarah and published its financial statements during the research period. The research samples is 54th ijarah sukuk This research was conducted using a quantitative approach with panel data. The data analysis technique used in this study is panel data regression with a fixed effect model. The results showed that profitability projected with Return on Asset did not affect the yield to maturity of sukuk ijarah, the size of the firm negatively affected the yield to maturity of sukuk ijarah, the BI-Rate variable had a positive and significant effect on yield to maturity of sukuk and inflation had a negative effect on yield of ijarah sukuk.

scholarly journals PENGARUH KECUKUPAN MODAL, RISIKO DAN EFISIENSI TERHADAP KINERJA KEUANGAN BANK SEBELUM DAN MASA PANDEMI COVID-19

2021 ◽  
pp. 1439
Author(s):  
Rosmita Rasyid ◽  
Herni Kurniawati
Keyword(s):  
Multiple Regression ◽  
Stock Exchange ◽  
Total Sample ◽  
Fixed Effect Model ◽  
Fixed Effect ◽  
Capital Adequacy ◽  
Effect Model ◽  
Negative Effect ◽  
Difference Test ◽  
Positive Effect

This study aims to examine the effect of covid 19 on financial performance and the factors that are thought to influence it, namely capital adequacy, risk and efficiency. The study was conducted on banking companies listed on the Indonesia Stock Exchange (IDX) in the period 2019 and 2020. The sample was determined using the purposive method. sampling, in order to obtain a total sample of 21 banking companies. The method used is to perform a mean difference test and multiple regression analysis with the fixed effect model (FEM). The results of this study show that the average ROA, CAR, NPL, LDR and BOPO before covid with during covid are significantly different, the results of multiple regression show that LDR has a positive effect on ROA and BOPO has a negative effect on ROA while CAR and NPL have no effect on ROA.Penelitian ini bertujuan untuk menguji pengaruh covid 19 atas kinerja keuangan serta faktor yang diduga mempengaruhinya yakni kecukupan modal, risiko dan efisiensi.Penelitian dilakukan pada perusahaan perbankan yang terdafrat di Bursa Efek Indonesia (BEI) pada periode 2019 dan 2020. Sampel ditentukan dengan menggunakan metode purposive sampling, sehingga diperoleh jumlah sampel sebanyak 21 perusahaan perbankan. Metode yang digunakan adalah dengan melakukan uji beda rata-rata dan analisis regresi berganda dengan fixed effect model (FEM). Hasil penelitian ini menunjukkan rata-rata ROA, CAR, NPL, LDR dan BOPO sebelum covid dengan selama covid adalah berbeda signikan, Hasil regresi berganda memperlihatkan bahwa LDR berpengaruh positf terhadap ROA dan BOPO berpengaruh negatif terhadap ROA sedangkan CAR, dan NPL tidak berpengaruh terhadap ROA

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