Analisis pengaruh financial leverage dan operating leverage terhadap stock return

This study aimed to examine the effect of financial leverage and operating leverage on stock return. The population of this study were 135 industrial manufacturing company listed on the Indonesia Stock Exchange (IDX) with a sample of 11 companies during the years 2011-2015. This study used purposive sampling method. The data analysis technique used in this study is multiple regression analysis. The results of this study concluded that concludes that the financial leverage and operating leverage no significant effect on stock return. While partially operating leverage effect on stock return, but no effect of financial leverage on stock return.

Download Full-text

PENGARUH SALES GROWTH, PERPUTARAN KAS DAN LIKUIDITAS TERHADAP PROFITABILITAS PERUSAHAAN (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek IndonesiaTahun 2017-2019)

NIAGAWAN ◽

10.24114/niaga.v10i3.28184 ◽

2021 ◽

Vol 10 (3) ◽

pp. 272

Author(s):

Elisa Rosanti Sinaga ◽

La Ane

Keyword(s):

Regression Analysis ◽

Data Analysis ◽

Sampling Method ◽

Stock Exchange ◽

Sales Growth ◽

Manufacturing Companies ◽

Financial Reports ◽

Analysis Technique ◽

Sample Data ◽

Data Collection Technique

The problem in this study is the company's profit which is very important for the company because it is the company's main goal. The purpose of this study was to examine the effect of the variables of sales growth , cash turnover and liquidity on profitability in manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2017-2019. The population in this study amounted to 180 manufacturing companies listed on the Indonesia Stock Exchange in 2017-2019. The sampling method used is purposive sampling, with a research sample of 27 companies for 2017-2019, so the research sample data is 81. The data collection technique is to download financial reports from the www.idx.co.id site. The data analysis technique used in this study used multiple regression analysis. The results of the study partially show that sales growth variable has no significant effect on profitability, but the cash turnover and liquidity variables have a partial and significant effect on the company's profitability. Simultaneously sales growth, cash turnover and liquidity have a positive and significant effect on profitability.

Download Full-text

Profitabilitas : Dampak dari Likuiditas dan Leverage Keuangan

JEMPER (Jurnal Ekonomi Manajemen Perbankan) ◽

10.32897/jemper.v1i2.225 ◽

2019 ◽

Vol 1 (2) ◽

pp. 71

Author(s):

Dede Hertina ◽

Mohamad Bayu Herdiawan Hidayat ◽

Dewi Putri Damayanti

Keyword(s):

Sampling Method ◽

Stock Exchange ◽

Leverage Effect ◽

Manufacturing Companies ◽

Financial Leverage ◽

Current Ratio ◽

Testing Hypotheses ◽

Industrial Manufacturing ◽

Panel Data Regression ◽

Data Regression

The purpose of this study is to determine the liquidity and financial leverage effect on profitability. The object of this research was carried out at various industrial manufacturing companies in the automotive sub-sector and components listed on the Indonesia Stock Exchange for the period 2012-2017 which were measured using the Current Ratio, the Return to Assets. The sampling method in this study uses purposive sampling with panel data regression analysis so that there are 12 companies that fit the criteria of the sample. The results of testing hypotheses together show liquidity and financial leverage affect profitability, while partially, only liquidity has an influence on profitability, financial leverage variable does not affect the profitability of the company

Download Full-text

The The Effect Of Profitability, Size And Liquidity on Firm Value in Consumer Goods Industry Listed on The Indonesia Stock Exchange (IDX)

Journal of Business Management Review ◽

10.47153/jbmr22.902021 ◽

2021 ◽

Vol 2 (2) ◽

pp. 092-106

Author(s):

Candra Kurnia Saputri ◽

Axel Giovanni

Keyword(s):

Regression Analysis ◽

Data Analysis ◽

Consumer Goods ◽

Firm Value ◽

Sampling Method ◽

Stock Exchange ◽

Industry Sector ◽

Analysis Technique ◽

Consumer Goods Industry ◽

The Relationship

This research was conducted with the aim of knowing the effect between profitability, size and liquidity on firm value in consumer goods industry sector companies listed on the Indonesia Stock Exchange (IDX) from 2014 to 2018. This research was conducted because there are still differences in research results and there is fluctuation in the value of the company in the consumer goods industry sector companies listed on the Indonesia Stock Exchange. The population used in this study were companies in the consumer goods industry listed on the IDX in the 2014 - 2018 period. While the sample used in this study were 37 companies in the consumer goods industry sector which were selected using the purposive sampling method. The data analysis technique used is multiple regression analysis in order to determine the relationship between variables. The results of this study indicate that profitability, size and liquidity simultaneously have an influence on firm value. Partially profitability has a positive and significant effect on firm value, size has no effect on firm value and liquidity has a negative and significant effect on firm value.

Download Full-text

Pengaruh Financial Leverage Dan Operating Leverage Terhadap Rentabilitas PT Kalbe Farma, Tbk

Jurnal Kajian Ilmiah ◽

10.31599/jki.v20i1.68 ◽

2020 ◽

Vol 20 (1) ◽

pp. 29-42

Author(s):

Novia Sibarani ◽

Eri Bukhari

Keyword(s):

Regression Analysis ◽

Data Analysis ◽

Linear Regression ◽

Linear Regression Analysis ◽

Multiple Linear Regression Analysis ◽

Financial Leverage ◽

Return On Equity ◽

Financial Report ◽

Analysis Technique ◽

Operating Leverage

This study aims to determine the effect of Financial Leverage and Operating Leverage partially and simultaneously on the Profitability of PT. Kalbe Farma, Tbk. The data used is the Financial Report for the period 2002 to 2018. The data analysis technique used is the Multiple Linear Regression Analysis. Based on the results of the analysis show that partially Financial Leverage does not significantly influence Rentability, while the Operating Leverage partially has a significant effect on Rentability. Simultaneously Financial Leverage and Operating Leverage have a significant effect on Rentability. Keywords: financial leverage, operating leverage, return on equity, profitability Abstrak Penelitian ini bertujuan untuk mengetahui pengaruh Financial Leverage dan Operating Leverage secara parsial dan secara simultan terhadap Rentabilitas PT. Kalbe Farma, Tbk. Adapun data yang digunakan adalah Laporan Keuangan periode tahun 2002 sampai dengan tahun 2018. Teknik analisis data yang digunakan adalah Analisis Regresi Linear Berganda. Berdasarkan Hasil analisis menunjukan bahwasecara parsial Financial Leverage tidak berpengaruh signifikan terhadap Rentabilitas, sedangkan Operating Leverage secara parsial berpengaruh signifikan terhadap Rentabilitas. Secara simultan Financial Leverage dan Operating Leverage berpengaruh signifikan terhadap Rentabilitas. Kata Kunci: financial leverage, operating leverage, return on equity, rentabilitas

Download Full-text

Pengaruh DAR, Ukuran Perusahaan, Risiko, Pajak, dan Likuiditas terhadap Profitabilitas Perusahaan Sektor Pertambangan di Indonesia

BISMA (Bisnis dan Manajemen) ◽

10.26740/bisma.v8n2.p191-203 ◽

2018 ◽

Vol 8 (2) ◽

pp. 191

Author(s):

Robi Pramana Kusuma

Keyword(s):

Regression Analysis ◽

Data Analysis ◽

Regression Model ◽

Sampling Method ◽

Annual Report ◽

Stock Exchange ◽

Multiple Regression Model ◽

Positive Influence ◽

Analysis Technique ◽

Ratio Size

The purpose of this research was to understand the influence of DAR (Debt to Asset Ratio) , size, risk, tax, and liquidity on profitability (Return On Asset Ratio). This research is classified under a casual research and using purposive sampling method, thus 27 companies have been acquired that meet the criteria. A data analysis technique was used multiple linier regression analysis. The object of this study were listed mining sector company of Indonesia Stock Exchange period 2011 – 2015. The data is documented from company financial and annual report. The methods of data analysis were multiple regression model. The result of this study indicates that DAR, risk, tax, and liquidity has no influence on company’s profitability. Meanwhile, size of the company has a positive influence on company’s profitability that represented by return on asset ratio.

Download Full-text

Apakah Indeks Saham Syariah Indonesia (ISSO) Memediasi Pengaruh Nilai Tukar Terhadap Return Saham Syariah ?

Jurnal Manajemen dan Bisnis Indonesia ◽

10.31843/jmbi.v4i2.117 ◽

2017 ◽

Vol 4 (2) ◽

pp. 185-199

Author(s):

Sri Hermuningsih ◽

Hanita Yuniati ◽

Mujino Mujino

Keyword(s):

Regression Analysis ◽

Exchange Rate ◽

Data Analysis ◽

Real Estate ◽

Stock Return ◽

Sampling Method ◽

Stock Exchange ◽

Stock Index ◽

Purposive Sampling ◽

Period Data

This study aims to analyze the effect of Exchange Rate on Stock Return with Sharia Stock Index as Mediation. The population in this study is the sharia shares listing on the Indonesia Stock Exchange. Sampling using purposive sampling method, with criteria List of sharia firms in the Property and Real Estate sectors which are categorized as Sharia (ISSI) Index which is constant (fixed) during December 2015-May 2016 period. Data analysis using regression analysis. The result of the research shows that the exchange rate has an effect on the Return of Sharia Shares and Sharia Stock Index of Indonesia influential on Sharia Return Shares. Indonesia Sharia Stock Index is able to mediate between Exchange Rate and Sharia Return Shares Keywords : Nilai Tukar, Indeks Saham Syariah Indonesia, Return Saham Syariah.

Download Full-text

PENGARUH FINANCIAL LEVERAGE TERHADAP PERATAAN LABA DIMODERASI FIRM SIZE DI PERBANKAN INDONESIA

Journal of Islamic Finance and Accounting ◽

10.22515/jifa.v2i2.1914 ◽

2019 ◽

Vol 2 (2) ◽

Author(s):

Heidy Paramitha Devi

Keyword(s):

Logistic Regression ◽

Regression Analysis ◽

Data Analysis ◽

Firm Size ◽

Sampling Method ◽

Income Smoothing ◽

Company Size ◽

Company Performance ◽

Financial Leverage ◽

Analysis Technique

One of the steps that can be taken to reduce earnings fluctuations is income smoothing, by moving high income in a certain year into an unfavorable period, this is done to create a stable company profit so that it is reflected in good company performance in the eyes of investors. The purpose of this study is to determine whether company size is able to moderate the effect of financial leverage on income smoothing. This research was conducted at companies listed in the 2013-2017 banking period. The number of samples in this study were 110 samples that were selected using the purposive sampling method. The data analysis technique used in this study is logistic regression analysis. The results of this study indicate that financial leverage has no effect on income smoothing, and company size is not able to moderate the effect of financial leverage on income smoothing.

Download Full-text

DAMPAK DIVIDEND YIELD DAN PRICE EARNING RATIO TERHADAP REAKSI INVESTOR PADA PERUSAHAAN MANUFAKTUR DI INDONESIA

10.31227/osf.io/rqm52 ◽

2019 ◽

Author(s):

Vella Nurhaliza ◽

Irdha Yusra

Keyword(s):

Data Analysis ◽

Linear Regression ◽

Multiple Linear Regression ◽

Stock Return ◽

Sampling Method ◽

Stock Exchange ◽

Dividend Yield ◽

Analysis Technique ◽

Food And Beverage ◽

Price Earnings Ratio

This study purposes to test the effect of the dividend yield (DY) and price earnings ratio (PER) to the reaction of investors (proxy using the stock return). The population used in this study is of Manufacturing Subsector Food and Beverage listed on the Indonesia Stock Exchange (BEI) during the period 2011 to 2015 as many as 14 companies. From this, the sample was taken comprising 7 companies. This took a period from period 2011-2015, using purposive sampling method. The Data analysis technique used is multiple linear regression using eviews program. From the results of tests performed showed that the dividend yield was statistically not significant effect return, as indicated by the probability of > 0.05 is 0.5916. Be diffirent with price earnings ratio is a statistically significant effect on return

Download Full-text

Pengaruh Likuiditas, Leverage, dan Profitabilitas Terhadap Nilai Perusahaan Pada Perusahaan Farmasi

E-Jurnal Ekonomi dan Bisnis Universitas Udayana ◽

10.24843/eeb.2019.v08.i06.p03 ◽

2019 ◽

pp. 567

Author(s):

Ni Komang Yulan Surmadewi ◽

I Dewa Gede Dharma Saputra

Keyword(s):

Regression Analysis ◽

Data Analysis ◽

Linear Regression ◽

Sampling Method ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Multiple Linear Regression Analysis ◽

Pharmaceutical Companies ◽

Analysis Technique ◽

Period Data

The purpose of this study is to analyze the effect of liquidity, leverage, and profitability on the value of the company on pharmaceutical companies listed on the Indonesia Stock Exchange (IDX) for the period 2014-2017. The population of this research is pharmaceutical companies listed on the Indonesia Stock Exchange during the 2014-2017 period. Data collected by purposive sampling method, obtained as many as 9 companies that became research samples with a period of four years to obtain 36 research samples. The data analysis technique uses multiple linear regression analysis. Based on the results of the analysis it was found that the variable liquidity did not affect the value of the company. While the leverage and profitability variables significantly influence the value of the company. This shows the higher leverage and the higher the profitability, the higher the value of the company obtained.

Download Full-text

PENGARUH MANAJEMEN LABA, UKURAN PERUSAHAAN DAN LEVERAGE TERHADAP RETURN SAHAM DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL MODERASI

JURNAL ILMIAH AKUNTANSI UNIVERSITAS PAMULANG ◽

10.32493/jiaup.v6i2.1955 ◽

2018 ◽

Vol 6 (2) ◽

pp. 203

Author(s):

AKHMAD SIGIT ADIWIBOWO

Keyword(s):

Data Analysis ◽

Empirical Evidence ◽

Stock Return ◽

Sampling Method ◽

Stock Exchange ◽

Earning Management ◽

Leverage Effect ◽

Manufacturing Companies ◽

Purposive Sampling ◽

Result Show

The purpose of this research to obtain empirical evidence effect EarningManagement, Size and Leverage effect to Stock Return and Dividend Policy can moderating effect Earning Management, Size and Leverage to Stock Return. The Population in this study are all maufacturing companies listed on the Indonesian Stock Exchange (BEI) the periode 2010-2012. Sampling method performed with purposive sampling method, the number of samples is 162 samples of 56 manufacturing companies. Data analysis used simple regresion analysis and moderated regression analysis.The result show that: (1) Earning Management is not significantly effect on Stock Return. (2) Dividen Policy able to significantly moderate the effect of Earning Management on Stock Return. (3) Size is significantly effect on Stock Return. (4) Dividen Policy is not able to significantly moderate the effect of Size on Stock Return. (5) Leverage is significantly effect onStock Return. (6) Dividen Policy able to significantly moderate the effect of Size on Stock Return.

Download Full-text