scholarly journals Profitabilitas, Investasi Dan Arus Kas Sebagai Prediktor Tingkat Pengembalian Saham

2012 ◽  
Vol 3 (2) ◽  
pp. 130
Author(s):  
Rowland Bismark Fernando Pasaribu
Keyword(s):  
Financial Performance ◽  
Significant Influence ◽  
Stock Return ◽  
Dividend Policy ◽  
Strength Measurement ◽  
Market Capitalization ◽  
Stock Return Prediction ◽  
The Difference ◽  
Fama And French

AbstractThis research aim to calculate influence from some financial performance (B/M ratio, market capitalization, earning position, investment, accrual value, company strength measurement, dividend policy, and profitability) to stock return. Multiregression model follow Fama and French procedure. Result of first hypothesis confirmed statistically, that the difference of stock of return pursuant to finance performance not automatically own significant influence in stock return prediction itself. Other result confirmed that all the predictor used has no significant influence to stock return both simultaneously and partial.Keyword: Profitability, Investment, Cashflow, Accrual value, Stock return

scholarly journals Pengaruh Kinerja Keuangan Terhadap Return Saham Dengan Menjadikan Kebijakan Dividen Sebagai Variabel Moderate Pada Perusahaan Yang Terdaftar Di Jakarta Islamic Indeks ( JII 2007 – 2011)

2017 ◽  
Vol 13 (1) ◽  
Author(s):  
Angga Kurniawan
Keyword(s):  
Regression Analysis ◽  
Linear Regression ◽  
Financial Performance ◽  
Multiple Linear Regression ◽  
Stock Returns ◽  
Stock Return ◽  
Dividend Policy ◽  
Linear Regression Analysis ◽  
Linear Regression Method ◽  
Total Turnover

The company's financial performance is one of the factors seen by investors as a consideration to invest funds in a company by making the financial statements as a source of information. Good and bad corporate performance can show how much profit can be earned each year and will have an impact on management in setting dividend policy for investors. This study was conducted to determine the effect of financial performance on stock returns by making dividend policy as a moderate variable. Objects taken in this study amounted to 7 companies listed on the Jakarta Islamic Index (JII) for 5 consecutive years from 2007-2011. Dependent variable of this research is stock return, independent variable include Current Ratio, Return on Asset, Return on Equity, Debt to Equity Ratio, and Total Turnover Asset, while dividend policy (Dividend Payout Ratio) as moderate variable. The method used in this study is Multiple Linear Regression Method and Moderate Regression Analysis Method (Moderate Regrestion Analysis).Based on the results of multiple linear regression analysis seen from the value of significance shows that CR, ROA, ROE, and DER does not significantly influence the stock return, whereas TATO shows the result that there is a significant influence on stock return. The result of moderate regression analysis shows that the dividend policy is not able to moderate the effect of financial performance on stock return. Keywords: Financial performance (CR, ROA, ROE, DER, TATO), stock return, dividend policy (DPR).

scholarly journals The Influence Of Managerial Ownership, Institutional Ownership, And Dividend Policy On The Financial Performance Of Construction And Building Companies Listed On The Indonesia Stock Exchange 2013-2017

2019 ◽  
Vol 3 (1) ◽  
pp. 86-95
Author(s):  
Yeni Sofiana ◽  
Agus Sukoco ◽  
Joko Suyono
Keyword(s):  
Financial Performance ◽  
Significant Influence ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Institutional Ownership ◽  
Multiple Linear Regression Analysis ◽  
Managerial Ownership ◽  
Return On Assets

  Purpose: The purpose of this studyisdetermine the influence of managerial ownership, institutional ownership and dividend policy on corporate financial performance with indicators of Return On Assets (ROA).   Design/methodology/approach: The research method used is multiple linear regression analysis.    Findings: Dividend policy has a negative and significant influence on the company's financial performance.Simultaneously managerial ownership, institutional ownership and dividend policy have a significant influence on the company's financial performance. Research limitations/implications: This study uses secondary data from construction and building companies sub-sector companies listed on the Indonesia Stock Exchange.     Practical implications: The results of this study are managerial ownership has a positive and significant influence on the company's financial performance. Originality/value:  Paper type: This paper can be categorized as case study paper. 

scholarly journals Pengaruh Kinerja Keuangan, Ukuran Perusahaan dan Manajemen Laba Terhadap Return Saham dengan Kebijakan Dividen sebagai Variabel Moderasi

Akuntabilitas ◽  
2020 ◽  
Vol 13 (1) ◽  
pp. 23-34
Author(s):  
Muhamad Nazhif Hawari ◽  
Zuwesty Eka Putri
Keyword(s):  
Financial Performance ◽  
Stock Return ◽  
Sampling Method ◽  
Dividend Policy ◽  
Stock Index ◽  
Earning Management ◽  
Company Size ◽  
Regression Methods ◽  
Equity Ratio ◽  
Research Show

This research aims to test influence of financial performance, company size and profit management on return of shares with dividend policy as moderation variable. This research was conducted in a manufacturing company registered in Indonesia Sharia stock index (ISSI) period 2016-2018. The sampling method in this study uses purposive sampling. The number of samples on this study was as many as 20 companies. The financial performance of the study is calculated by a debt to equity ratio. Hypothesis testing in this study used multiple regression methods and moderated regression analysis. The result of this research show the financial performance and company size has no effect on the stock return and earning management affects the stock return. Dividend policy is not able to moderate the influence of financial performance, company size and profit management on return of shares 

scholarly journals Analisis Perbedaan Liquiditas Saham, Kinerja Keuangan, dan Return Saham di Sekitar Pengumuman Stock Split

The Winners ◽  
2008 ◽  
Vol 9 (1) ◽  
pp. 1
Author(s):  
Harjum Muharam ◽  
Hanung Sakti
Keyword(s):  
Multivariate Analysis ◽  
Financial Performance ◽  
Analysis Of Variance ◽  
Trading Volume ◽  
Stock Return ◽  
Stock Exchange ◽  
Volume Activity ◽  
Stock Liquidity ◽  
Stock Split ◽  
The Difference

Using 13 samples from listed companies in Jakarta Stock Exchange within 2003-2005, this article analyze the difference of stock liquidity, financial performance, and stock return in the period of stock split announcement. Multivariate Analysis of Variance (MANOVA) shows that there is no difference in Trading Volume Activity (TVA) of stock and financial performance before, within, and after stock split announcement, but this study finds that the difference in stock return exist in the period of stock split announcement.

scholarly journals PENGARUH EARNING PER SHARE (EPS), RETURN ON EQUITY (ROE) DAN DEBT TO EQUITY RATIO (DER) TERHADAP RETURN SAHAM DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN INDUSTRI BARANG KONSUMSI YANG TERDAFTAR DI BEI PERIODE 2014-2018

2020 ◽  
Vol 14 (1) ◽  
Author(s):  
Arum Narwita Sari ◽  
Sri Hermuningsih
Keyword(s):  
Data Analysis ◽  
Significant Influence ◽  
Consumer Goods ◽  
Stock Return ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Negative Influence ◽  
Return On Equity ◽  
Equity Ratio ◽  
Consumer Goods Industry

This study aims to examine the effect of Earning per Share (EPS), Return on Equity Ratio (ROE) and Debt to Equity Ratio (DER) on stock returns with dividend policy as an intervening variable in consumer goods industry companies listed on the Indonesia Stock Exchange for the period 2014-2018. Data used is the panel data with the detail of 5 years time series and 20 companies of cross section data. The data obtained further processed by using the data analysis techniques is multiple linear regression supported by classical assumption test, namely the test of normality, multikoliniearity test, heteroskdastisity test and autocorrelation test. In this study also used Sobel test. Based on the results of data analysis shows that: (1) EPS has a positive and significant influence on the DPR which is indicated by 0.002 value and 0.000 for probability. (2) The ROE has a negative and insignificant influence on the DPR which is indicated by the -0.009 and probability of 0781. (3) DER has a positive and significant influence on the DPR which is indicated by the value of 3.087 and the probability of 0.030. (4) The DPR has insignificant negative influence on the stock return this is demonstrated by value -0.004 and probability of 0.377. (5) EPS has an insignificant negative influence on the stock return which is demonstrated by values 1.931 E-6 and probability 0.867. (6) ROE has a negative influence on the stock return which is demonstrated by values 8.957 E-7 and probability 0.999. (7) DER has an insignificant positive influence on the stock return which is demonstrated by the value of 0.046 and the probability of 0.244 and (8) DPR does not mediate the EPS, ROE and DER variables on stock return, this is indicated by the calculated z value is smaller than the z table value (-5 <1.96), (0.1270 <1.96) and (-6.7234 < 1.96). Dividend Policy (DPR) is not able to be an intervening variable of the EPS, ROE and DER variables on Saham Returns in the Consumer Goods Industry sector companies listed on the Indonesia Stock Exchange in the 2014-2018 period. This is proven bythe research of the Sobel test.Keywords: Earning per Share, Return on Equity, Debt to Equity Ratio, Dividend Policy, Stock Return

scholarly journals Pengaruh Laba Akuntansi, Arus Kas Operasi, Price To Book Value, Dan Kinerja Keuangan Perusahaan Dengan Pendekatan Economic Value Added Terhadap Return Saham (Studi Kasus Pada Saham Perusahaan Pertambangan Di Bursa Efek Indonesia Periode Tahun 2008-2010)

2012 ◽  
Vol 4 (1) ◽  
pp. 71
Author(s):  
Ismail Marzuki ◽  
Susi Handayani
Keyword(s):  
Financial Performance ◽  
Cash Flow ◽  
Significant Influence ◽  
Stock Return ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Economic Value Added ◽  
Mining Company ◽  
Book Value

AbstractThe objectives of this research is to examine and analyze the influence of Accounting Profit, Operation Cash Flow, Price to Book Value, and Company Financial Performance Through Economic Value Added Approach to stock return of mining company that listed at Indonesia Stock Exchange in the period of 2008 – 2010. This research was an causal research with quantitative approach. The analyzing technique used in this research is multiple linier regressions analysis with SPSS program version 11.5. The result of this research shows that variable of accounting profit and operation cash flow do not have significant influence to stock return. While, variable of Price to Book Value and Company Financial Performance Through Economic Value Added Approach have a positive and significant influence to stock return of mining company that listed at Indonesia Stock Exchange in the period of 2008 – 2010.

scholarly journals Financial Analisis Pengaruh Faktor Fundamental dan Teknikal Terhadap Return Saham

2018 ◽  
Vol 1 (2) ◽  
Author(s):  
Bayu Anggara Silvatika ◽  
Marlina Widiyanti
Keyword(s):  
Exchange Rate ◽  
Significant Influence ◽  
Stock Price ◽  
Trading Volume ◽  
Stock Return ◽  
Factor Models ◽  
Integrated Analysis ◽  
Market Capitalization ◽  
Technical Factors ◽  
The Impact

This research aims to examine the impact of fundamental and technical factors towards stock returns, and with macroecomoic as moderation variable. The population used in this research is all public companies or issuer listed in Indonesia Stock Exchange from 2008 to 2012. The companies used samples are 23 companies which categorized as LQ-45 that exist from 2008 to 2012 or using Purposive Sampling Method.             Analysis of securitas consist of fundamental and technical analysis. In fundamental analysis and technical, analist often uses factors fundamental and technical. Fundamental’s and technical’s factors in Multi-factor Models uses to perform the portfolio with special characteristics. Multi-factor Models are improved from the concept of Arbitrage Pricing Theory (APT). Fundamental factors are consisted Financial Ratio (ROA, DER, EPS, PBV) and macroeconomic (exchange rate, inflations, gdp); than technical factors (trading volume, market capitalization, and previous stock price). Those are independen variables which towards stock return using Panel’s Data then make analysis using Multiple Regressions.             This research shows that partially, several fundamental factors (ROA, DER, and EPS) have not significant influence and positif are toward stock return. However, PBV have significant influence and negatif are toward stock return. Several macro economic’s factors (kurs and GDP) have significant influence and positif are toward stock return, but inflation have significant influence at α = 10%. All of technical’s factors (trading volume, market capitalization, and previous stock price) have not significant influence and positif (market capitalization, and previous stock price), negatif (trading volume) are toward stock return.Simultaneously, fundamental’s factors, macro economic, and technical’s factors have significant influence and positif are toward stock return.             Managerial implication of this research are the investors can use fundamentals analysis with focus on PBV ratio, emiten must be more attention macro economic factors, especially exchange rate and GDP. Investors in Indonesia Stock Market more like fundamental’s analysis than technical’s analysis, but investor also can use integrated analysis by combine of fundamental and technical’s analysis.

scholarly journals Analisis Pengaruh Profitabilitas Dan Kebijakan Dividen Terhadap Nilai Perusahaan Dengan Kapitalisasi Pasar Sebagai Variabel Moderasi (Studi Pada Perusahaan yang Tercatat di Indeks JII70 Periode 2017-2019)

2021 ◽  
Vol 6 (01) ◽  
pp. 26-37
Author(s):  
Achmad Haris Setiawan ◽  
Muhammad Nanang Choiruddin
Keyword(s):  
Significant Influence ◽  
Firm Value ◽  
Quantitative Research ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Sample Population ◽  
Purposive Sampling ◽  
Market Capitalization ◽  
The Relationship ◽  
Research Type

Abstract: This study aims to find the effect of profitability and dividend policy on firm value with market capitalization as a moderating variable for companies listed on the JII70 Index for the 2017-2019 period. This research is a quantitative research type with a sample population of 104 companies listed in the JII70 Index listed on the Indonesia Stock Exchange in the 2017-2019 period. Furthermore, purposive sampling was carried out to obtain 34 companies that fit the criteria. The results obtained in this study indicate that there is a significant influence between profitability and market capitalization on firm value, only dividend policy has no significant effect on firm value. Meanwhile, the MRA test shows that market capitalization is not able to partially moderate the relationship between profitability and dividend policy on firm value.

DİĞER KAPSAMLI GELİR KALEMLERİ İLE İŞLETMENİN PİYASA DEĞERİ ARASINDAKİ İLİŞKİ

2014 ◽  
Vol 1 (3) ◽  
pp. 269
Author(s):  
Serhan Gürkan ◽  
Yasemin Köse
Keyword(s):  
Financial Performance ◽  
Value Relevance ◽  
Net Income ◽  
Comprehensive Income ◽  
Income Statement ◽  
Other Comprehensive Income ◽  
The Difference ◽  
Gains And Losses

Other comprehensive income is the difference between net income as in the Income Statement and comprehensive income, and represents the certain gains and losses of the enterprise not recognized in the Profit or Loss Account. Value relevance of other comprehensive income is under discussion and considering other comprehensive income items all together might be misleading for financial performance. In the view of such information, discussing the value relevance of each other comprehensive income item, judgements are made.

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