scholarly journals PENGARUH KRISIS MONETER PADA KINERJA KEUANGAN DAN NILAIPERUSAHAAN

2009 ◽  
Vol 9 (1) ◽  
pp. 34
Author(s):  
Nelli Novyarni
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Tobin’S Q ◽  
Corporate Value ◽  
Manufacturing Companies ◽  
Tobin's Q ◽  
Financial Ratio ◽  
Before And After ◽  
Equity Ratio ◽  
Monetary Crisis

<p><em>This study was aimed analyzing the monetary crisis on financial performance </em><em>and corporation value effect.This study found that the monetary crisis affect </em><em>on financial performance and corporation value. The study on 50 </em><em>manufacturing companies consist of 25 companies variety business and </em><em>industry and pharmacist notes at Jakarta Stock Exchange from 1992 to 2002 </em><em>revealed that the monetary crisis cause decrease in financial performance and </em><em>corporate value. Based on before and after mean financial and Tobin 's Q ratio, </em><em>it found that the monetary crisis cause decrease in financial performance </em><em>especially in 1998 and corporation value from 1998 to 2002. This study also </em><em>found that based on each sector, the monetary crisis affect all financial ratio at </em><em>sector one, especially in 1998 and 2000 and the monetary crisis just affect debt to equity ratio from to 2002 at sector two. Beside <strong>that the </strong>monetary crisis affect </em><em>corporation value of all sectors.</em></p><p><strong><em>Keywords:  </em></strong><em>Monetary crisis; financial ratio;   Tobin's  Q;  Financial Performance; Value of the firm.</em></p>

scholarly journals christiano VOL7 ED.1

2019 ◽  
Author(s):  
Christiano Lombogia
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Stock Exchange ◽  
Financial Statements ◽  
Coefficient Of Determination ◽  
Tobin’S Q ◽  
Corporate Value ◽  
Manufacturing Companies ◽  
Tobin's Q ◽  
Good Corporate Governance

This research is done to know effect of financial performance toward corporate value by using of Good Corporate Governance as a moderating variable. ROA,ROE, And Leverage as an indicator of financial performance is known as the dependent variable. Good Corporate Governance (GCG )is a moderating variable.The companies that are in the research are manufacturing companies which are listed in the Indonesian Stock Exchange (IDX), published financial statements ending December 31, and had complete data of Good Corporate Governance. The data is then processed by using statistical appliance that was called regression with interaction.According to the research financial performance (ROA, ROE and Leverage) by simultan show has an effect on corporate value (Tobin’s Q). Good Corporate Governance (GCG) hasn’t an effect the financial performance (ROA, ROE Leverage) toward the value of the company (Tobin’s Q). The result of coefficient of determination test indicate that all independent variables (ROA, ROE Leverage) can explain the variation of dependent variable (Corporate Value) amount to 44,8%. The result of coefficient of beta test indicate that ROE is most dominant influence to corporate value.

scholarly journals Impact of board gender diversity on the financial performance of the manufacturing and service companies listed on the Amman Stock Exchange

2021 ◽  
Vol 5 (2) ◽  
pp. 8-16
Author(s):  
Sinan Abbadi ◽  
Murad Abuaddous ◽  
Ahmad Alwashah
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Gender Diversity ◽  
Total Sample ◽  
Tobin’S Q ◽  
Manufacturing Companies ◽  
Tobin's Q ◽  
Service Companies ◽  
Amman Stock Exchange ◽  
Board Gender Diversity

This study seeks to explore the significance of board gender diversity and its impact on the financial performance of the manufacturing and service companies listed on the Amman Stock Exchange (ASE) between 2013–2018. Prior studies have determined several benefits of female presence in the boardroom. However, gender diversity’s impact on financial performance is still unclear due to the mixed findings regarding this relation. In addition, studies about gender diversity roles in Jordanian companies’ performance are missing in the literature. Hence, in order to fill this gap, data from the listed companies was extracted from the ASE website with a total sample of 1088 companies as follows: 294 manufacturing companies (27%) and 794 service companies (73%). The results showed more males (96.2%) than females (3.8%) on the board of directors among the listed manufacturing and service companies. The manufacturing and service companies reported a mean Tobin’s Q value of 1.044 (SD = 2.164) and 1.304 (SD = 3.554), respectively. Results show that the linear regression shows that board gender diversity has a statistically significant impact on Tobin’s Q (p = 0.043) and ROA (p = 0.062). Therefore, there is a need for both the manufacturing and service companies to consider increasing the number of female members on the board for better financial performance

Pengaruh Corporate Social Responsibility Terhadap Nilai Dan Kinerja Perusahaan Manufaktur

2011 ◽  
Vol 3 (1) ◽  
pp. 1-13
Author(s):  
Agustin Ekadjaja ◽  
Vony Vony
Keyword(s):  
Corporate Social Responsibility ◽  
Linear Regression ◽  
Confidence Level ◽  
Stock Exchange ◽  
Tobin’S Q ◽  
Manufacturing Companies ◽  
Simple Linear Regression ◽  
Tobin's Q ◽  
And Performance ◽  
Corporate Social

This study aims to determine the effect of CSR Index to the value and performance of manufacturing companies listed on the Indonesia Stock Exchange (BEI), and to find out how much the ability of the variable CSR Index in explaining the variable Tobin’s Q, ROA, and ROE manufacturing companies listed on Indonesia Stock Exchange (BEI). This study uses data sampled during the 75 years from 2007 to 2009. A statistical method used to test the research hypothesis is a simple linear regression model. Therefore, before performing hypothesis testing carried out tests of classical assumptions. The results of this study prove that, CSR Index has a significant effect on Tobin’s Q and ROE with 95% confidence level. However, CSR Index has no significant influence on ROA with 95% confidence level. Key words : CSR Index, Variabel Tobin’s Q, ROA, ROE

scholarly journals Effects of Infrastructure Development, Inflation and Economic Growth to Performance Company (ROA, Tobin's Q, PBV): Study on Registered Infrastructure Support Companies in IDX Period 2014-2019

2021 ◽  
Vol 4 (3) ◽  
Author(s):  
Eko Sarjono ◽  
◽  
Kartika Hendra Titisari ◽  
Supawi Pawenang
Keyword(s):  
Economic Growth ◽  
Performance Measurement ◽  
Financial Performance ◽  
Stock Exchange ◽  
Hypothesis Test ◽  
Linear Regression Analysis ◽  
Infrastructure Development ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
The Impact

The financial performance can be used as a benchmark of the ability of an organization or company in achieving its goals. Performance measurement is one of the most important factors for an organization or company, performance measurement is a process of measuring the extent to which a company does work to achieve its goals. The research investigated the impact of infrastructure, economic growth and inflation on financial performance of infrastructure support companies listed in Indonesian Stock Exchange Period 2014-2019 which is proxied by ROA (Return on Assets), Tobin’s Q and PBV (Price to Book Value). The population of this research was the infrastructure support companies listed on the Indonesian Stock Exchange period 2014-2019. Research sampling was conducted using The Purposive Sampling Method. The data analysis was camed out using classical assumption test, multiple linear regression analysis, t-test, F-test and determinan (R2) test with SPSS 21. The research finding showed that the model has an effect on the financial performance as proxied by ROA. So the results of the hypothesis test show that: (1) Infrastructure development has a negative and significant effect on ROA. (2) The inflation rate has a positive and significant effect on ROA. (3) Economic growth has no significant effect on ROA. Meanwhile, the model has no effect on financial performance which is proxied in Tobin's Q and PBV.

scholarly journals Income Diversification and Financial Performance of Selected Deposit Money Banks in Nigeria

2021 ◽  
Vol 8 (1) ◽  
pp. 1-17
Author(s):  
Emmanuel Uniamikogbo ◽  
Emma I. Okoye ◽  
Arowoshegbe O. Amos
Keyword(s):  
Financial Performance ◽  
Foreign Exchange ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Annual Reports ◽  
Tobin’S Q ◽  
Firm Age ◽  
Income Diversification ◽  
Tobin's Q ◽  
Negative Effect

This study examined the effect of income diversification on financial performance of deposit money banks (DMBs) in Nigeria. Variables considered were commission, foreign exchange incomes, and firm age, which are proxies for income diversification and financial performance proxied by Tobin's Q ratio. The purposive sampling technique was used to select the 8 banks classified by Central Bank of Nigeria to be Domestic Systematically Important Banks in Nigeria. Data collected from the annual reports and the Nigerian Stock Exchange website for a period 2008-2018 were used. Statistical tools used were the descriptive statistics and econometric analysis using the panel data. Findings showed that while commission income has a significant positive effect on Tobin's Q ratio of DMBs, foreign exchange income and firm age each have a significant negative effect on Tobin's Q ratio of DMBs in Nigeria. It is recommended that banks in Nigeria minimize their income from foreign exchange to maximize performance since income from these transactions tend to inhibit bank financial performance.

KINERJA FINANSIAL PERUSAHAAN YANG MELAKUKAN AKUISISI

2015 ◽  
Vol 11 (2) ◽  
pp. 48 ◽  
Author(s):  
Elok Sri Utami
Keyword(s):  
Financial Performance ◽  
Return On Investment ◽  
Activity Ratio ◽  
Stock Exchange ◽  
Return On Equity ◽  
Total Debt ◽  
Before And After ◽  
Equity Ratio ◽  
The Difference ◽  
Firm Activity

This study attempts to examine empirical evidence of the firms’ financial performances conducting acquisition at the Indonesian Stock Exchange. A sample of 22 firms undertaking acquisition during 2007-20010 is examined. The t-test for mean difference is employed to examine the performance for the period prior to and after the acquisition. The results show that the firms’ liquidity ratio is not significantly different for the periods before and after acquisition. Total debt to total assets ratio and total debt to equity ratio are significantly different. In particular, the average of these two ratios is higher in the period after the acquisition. This study also documents that the firm activity ratio, measured as total assets turnover, is indifferent between the periods. In addition, the firms’ return on investment and return on equity is lowering after acquisition and the difference is significant. Keywords: acquisition, financial performance,Indonesian Stock Exchange

scholarly journals Pengaruh Manajemen Laba Akrual dengan Pendekatan Revenue Discretionary Model terhadap Kinerja Perusahaan

TRIKONOMIKA ◽  
2014 ◽  
Vol 13 (1) ◽  
pp. 108
Author(s):  
Sepriahangga Wahyu Windharta ◽  
Nurmala Ahmar
Keyword(s):  
Firm Performance ◽  
Earnings Management ◽  
Stock Exchange ◽  
Financial Statements ◽  
Research Approach ◽  
Tobin’S Q ◽  
Manufacturing Companies ◽  
Tobin's Q ◽  
Revenue Model ◽  
Revenue Models

Accrual earnings management is a form of manipulation of financial statements on the accrual components to increase its profit in order to look good in the investors perception. This research approach discretionary  revenue published by Stubben in 2010 with two different formulas are conditional revenue models and revenue models to measure the accrual earnings management to be proxies to the performance of the company. The purpose of this study was to analyze the effect of accrual earnings management by discretionary revenue approach on firm performance in manufacturing companies listed on the Stock Exchange. The Results of analysis for this study were 1) Accrual earnings management is measured using a Revenue Model does not affect the Return On Asset. 2) Accrual earnings management is measured using a Revenue Model does not affect the Tobin’s q. 3) Accrual earnings management is measured using a Conditional Revenue Models effect on the Return On Asset. 4) Accrual earnings management is measured using a Conditional Revenue Models has no effect on Tobin’s q.

scholarly journals PENGARUH KINERJA KEUANGAN TERHADAP RETURN SAHAM PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI BARANG KONSUMSI YANG TERDAFTAR DI BURSA EFEK INDONESIA

AKUNTABILITAS ◽  
2019 ◽  
Vol 12 (2) ◽  
pp. 161-180
Author(s):  
Tutia Rahmi ◽  
Tertiarto Wahyudi ◽  
Rochmawati Daud
Keyword(s):  
Financial Performance ◽  
Stock Returns ◽  
Stock Exchange ◽  
Hypothesis Test ◽  
Negative Influence ◽  
Profit Margin ◽  
Share Price ◽  
Manufacturing Companies ◽  
Return On Assets ◽  
Equity Ratio

The purpose of this research is to explain the effect of financial performance to the stock return. The financial performances in this research were Earning Per Share, Price Earning Ratio, Debt to Equity Ratio, Return On Assets, andNet Profit Margin. The financial performance as the independent variables and the dependent variabel is stock return.The sample of this research is thirty manufacturing company of consumer goods industry sector. These companies are listed on the Indonesia Stock Exchange since 2012 until 2014. The sampling method is purposive sampling. The analysis method used in this research that is with hypothesis test that is determinant coefficient, test F, and test t. Using thirty manufacturing companies listed in IDX, this research shows that the Earning Per Share, Price Earning Ratio and the Net Profit Margin has a positive and significant impact on stock returns. Instead, the variable Debt to Equity Ratio has a negative influence. This research also indicate that variable Return On Assets has no effect on stock returns.

scholarly journals Analisis Pengaruh Profitabilitas, Ukuran Perusahaan, Keputusan Investasi, dan Kebijakan Utang Terhadap Nilai Perusahaan

2019 ◽  
Vol 3 (1) ◽  
pp. 77
Author(s):  
Lasmanita Rajagukguk ◽  
Valencia Ariesta ◽  
Yunus Pakpahan
Keyword(s):  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Investment Decisions ◽  
Secondary Data ◽  
Tobin’S Q ◽  
Manufacturing Companies ◽  
Process Data ◽  
Tobin's Q ◽  
Debt Policy

Abstract: This study aims to analyze the effect of profitability, firm size, investment decisions, and debt policy on firm value. The research method used is quantitative research. In this study, company value is measured using Tobin's Q. The data in this study are secondary data in the form of annual financial statements of audited manufacturing companies and published as listed on the Indonesia Stock Exchange for the period of 2012 to 2016. The statistical method used is analysis of multiple linear regression using the SPSS version 22.00 program to process data. The study found that profitability, company size, and debt policy significantly influence the value of the company, while investment decisions do not affect the value of the company. Keywords: firm value, profitability, firm size, debt policy, investment decisions.  Abstrak. Penelitian ini bertujuan untuk menganalisis pengaruh profitabilitas, ukuran perusahaan, keputusan investasi, dan kebijakan utang terhadap nilai perusahaan.Metode penelitian yang digunakan adalah penelitian kuantitatif. Dalam penelitian ini, nilai perusahaan diukur dengan menggunakan Tobin’s Q. Data dalam penelitian ini adalah data sekunder berupa laporan keuangan tahunan perusahaan manufaktur yang telah diaudit dan dipublikasikan yang tercatat di Bursa Efek Indonesia periode tahun 2012 sampai dengan tahun 2016. Metode statistik yang digunakan adalah analisis regresi linear berganda dengan menggunakan program SPSS versi 22.00 untuk mengolah data. Penelitian menemukan bahwa profitabilitas, ukuran perusahaan, dan kebijakan utang berpengaruh signifikan terhadap nilai perusahaan, sedangkan keputusan investasi tidak berpengaruh terhadap nilai perusahaan. Kata kunci: Nilai perusahaan, profitabilitas, ukuran perusahaan, kebijakan utang, keputusan investasi.

scholarly journals Corporate governance and financial performance of listed companies: A case of an emerging market

2021 ◽  
Vol 5 (3) ◽  
pp. 8-17
Author(s):  
Emmanuel Selase Asamoah ◽  
Albert Puni
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Performance Indicator ◽  
Stock Exchange ◽  
Emerging Market ◽  
Target Population ◽  
Governance Structure ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
A Performance

Corporate financial performance (CFP) is a key benefit that comes with the adoption and implementation of a good corporate governance structure in organizations. The objective of this paper is to analyze the effect of the six (6) broad corporate governance structures (board composition, board committees, separation of CEO/chairman, size of board, number of board meetings held, and shareholder concentration) on CFP measured by ROA, ROE, EPS, and Tobin’s Q among Ghanaian companies. The target population for the study was the companies that were listed on the Ghana Stock Exchange (GSE) for the period 2015–2020 and purposive sampling methods were deployed in the sample selection. The study found that using ROA as a performance indicator, corporate governance variables affected CFP by 18.95% whilst it influenced ROE by 29.71%. Additionally, corporate governance mechanisms impacted EPS by 52.53% when it was used as a performance indicator and 18.01% when Tobin’s Q was the performance index. The paper concludes that companies that implement the corporate governance guidelines on best practices stand a better chance of enhancing CFP especially with performance targets that integrate shareholder value maximization.

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