scholarly journals THE EFFECT OF RETURN ON ASSETS ON THE PRICE OF SHARE WITH DIVIDEND PAYOUT RATIO AND DEBT TO EQUITY RATIO AS THE MODERATING VARIABEL. (Manufacture Companies Listed in Indonesia Stock Exchange (ISE) in 2012-2015)

2017 ◽  
Vol 6 (2) ◽  
Author(s):  
Mulyati Mulyati

This research is aimed at determining the effect of return on assets (ROA) on the price of share with dividend payout ratio (DPR) and debt to equity ratio (DER) as the moderating variabel in manufacture companies listed in Indonesia Stock Exchange (ISE) in 2012-2015.The population of this research are manufacture companies listed in Indonesia stock Exchange (ISE) in 2012-2015. The samples are 10 manufacture companies selected through purposive sampling. The data were collected through documentation. The data were examined using Moderated Regretion Analysis with SPSS.The research showed that: (1) ROA has negative and significant effect on the share price, (2) DPR has positive and significant effect in moderating the share price, (3) DER has negative but not significant effect in moderating the effect of ROA on the share price in manufacture companies listed in ISE in 2012-2014.Keywords: return on assets (ROA), dividend payout ratio (DPR), debt to equity ratio (DER), share price.

2017 ◽  
Vol 2 (3) ◽  
pp. 220
Author(s):  
Arfianti Novita Anwar ◽  
Teddy Chandra

<p>The objective of this research is to identify the factors which have influence on income smoothing at Miscellaneous Industry companies listed on Indonesian Stock Exchange period 2009-2013. Independent variables of this research include Return on Asset (ROA), Company Size, Dividend Payout Ratio (DPR), Debt to Equity Ratio (DER), and Financial Leverage while the dependent variable is income smoothing. The sample used in this study is 29 Miscellaneous Industry companies listed on the Indonesian Stock Exchange within a period of five years beginning in 2009 until 2013 with the selection method of purposive sampling. To identify the companies doing income smoothing, the Eckel Index was used. Statistical analysis used in this study uses descriptive statistics, multiple linear regressions and discriminant analysis. The results show that partially only company size and dividend payout ratio have significant impact on income smoothing meanwhile Return on Assets, Debt to Equity Ratio, Financial leverage did not show significant influence on income smoothing practices. The result of discriminant analysis shows there is significant difference of Return On Assets between income smoothing and non-smoothing company. </p><p><em>Penelitian ini ditujukan untuk mengidentifikasi faktor-faktor yang mempengaruhi perataan laba pada perusahaan aneka industri yang terdaftar di Bursa Efek Indonesia pada periode 2009 – 2013. Variabel bebas yang digunakan dalam penelitian ini mencakup Return on Asset (ROA), Ukuran Perusahaan, Dividend Payout Ratio (DPR), Debt to Equity Ratio (DER) dan Financial Leverage, dengan variabel terikat perataan laba. Perusahaan yang menjadi sampel penelitian terdiri dari 29 perusahaan aneka industri yang dipilih dengan menggunakan metode purposive sampling. Untuk mengidentifikasi perusahaan-perusahaan yang melakukan praktik perataan laba dipergunakan indeks Eckel. Alat analisis yang dipergunakan untuk melakukan analisis deskriptif kuantitatif adalah analisis linear berganda dan analisis diskriminan. Hasil penelitian menunjukkan bahwa seluruh variabel bebas yang dipergunakan mampu menjelaskan proses perataan laba yang dilakukan oleh perusahaan dan yang memiliki pengaruh signifikan adalah ukuran perusahaan dan Dividend Payout Ratio. Sementara hasil dari analisis diksriminan menunjukkan bahwa terdapat perbedaan Return on Asset antara perusahaan yang melakukan praktik perataan laba dengan perusahaan yang tidak melakukan perataanlaba</em></p>


2020 ◽  
Vol 12 (1) ◽  
pp. 84-98
Author(s):  
Mikael Abraham Deswanto Prabowo ◽  
Clara Alverina

This paper aims to determine the effect of liquidity, solvency, profitability, growth and firm size on the dividend payout ratio. Population and sample are companies that routinely distribute dividends that are listed on the Indonesia Stock Exchange website during the period of 2012 to 2015. To obtain valid research results, the sampling technique used in this study was using purposive sampling technique. The method of analysis is done by using classical testing on five independent variables then F test and t test.


2021 ◽  
Vol 5 (1) ◽  
pp. 94
Author(s):  
Christhoper Erick

The purpose of this study was to determine the effect of Return on Assets, Debt to Equity Ratio, and Earning per Share on the share prices of coal mining companies listed on the Indonesia Stock Exchange for the period 2016-2018. This research sample consisted of 23 companies selected using the purposive sampling method with the 2016-2018 research period. The method for analyzing research questions is to use panel data statistical regression methods. The result found that Earning per Share partially had a significant effect on stock prices. While Return on Assets and Debt to Equity Ratio partially have no significant effect on stock prices. But Return on Assets, Debt to Equity Ratio, and Earning per Share together have an influence on the share price of coal mining companies. Tujuan penelitian ini adalah untuk mengetahui pengaruh Return on Asset, Debt to Equity Ratio, dan Earning per Share terhadap harga saham perusahaan pertambangan batubara yang terdaftar di Bursa Efek Indonesia untuk periode 2016 hingga 2018. Sampel penelitian terdiri dari 23 perusahaan yang dipilih dengan menggunakan metode purposive sampling dengan periode penelitian 2016-2018. Metode untuk menganalisis pertanyaan penelitian adalah dengan menggunakan metode statistik regresi data panel. Hasil penelitian menemukan bahwa Earning per Share secara parsial berpengaruh signifikan terhadap harga saham. Sementara Return on Asset dan Debt to Equity Ratio secara parsial tidak berpengaruh signifikan terhadap harga saham. Namun Return on Asset, Debt to Equity Ratio, dan Earning per Share secara bersama-sama mempunyai pengaruh terhadap harga saham perusahaan pertambangan batubara.


AKUNTABILITAS ◽  
2019 ◽  
Vol 12 (2) ◽  
pp. 161-180
Author(s):  
Tutia Rahmi ◽  
Tertiarto Wahyudi ◽  
Rochmawati Daud

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.


2019 ◽  
Vol 2 (1) ◽  
Author(s):  
Yolanda Yolanda

This research aims to test the influence about fundamental factors which is consisting of Retrun on Assets (ROA), Return on Equity (ROE), Debt to Equity Ratio (DER), and Net Profit Margin (NPM) to share price. The sample of this research is the manufacture company which is registered in Indonesian Stock Exchange during 2012 - 2016. This research uses 12 samples which is choosen by purposive sampling method. The results showed that ROA and NPM have positive but unsignifcant effect on price share, ROA has positive and significant effect on price share, and DER has negative and unsignificant effect on price share. ROA, ROE, DER, and NPM all simultaneously have significant effect on price share. Moreover, the result that has been obtained by using R-Square is 90,41% and the remaining 9,59 % influenced by other factors.


2019 ◽  
Vol 4 (2) ◽  
pp. 151-156
Author(s):  
Nailal Husna

The object of this study is a banking company whose shares are listed in Indonesia Stock Exchange 2011-2014 period, and the sampling method was census. The purpose of this study was to determine the effect of the financial performance of banking shares. And the research variables are Stock Price (Y), Return on Assets (X1), Debt to Equity Ratio (X2), Price Earning Ratio (X3), Earning Per Share (X4). Based on the analysis and discussion of the results of testing the hypothesis then the conclusion is Price Earning Ratio and Earning Per share, positive and significant impact on the share price, while Return on Assets, Dept To Equity Ratio, Earnings Per share no significant effect on stock price. Keywords : Stock Price, Return on Assets, Debt To Equity ratio, Price Earning Ratio, Earnings Per Share, Bank


2021 ◽  
Vol 9 (1) ◽  
pp. 90-97
Author(s):  
Etty Lutfiyati ◽  
Alean Kistiani Hegy Suryana ◽  
Milka Susana Theorupun

Sektor industri barang konsumi adalah perusahaan sasaran penelitian ini. Memakai metode purposive sampling diambil 29 sampel, dari 55 populasi. Selama lima periode observasi diperoleh 145 data sekunder yang kemudian diolah dalam SPSS. Rasio harga keuntungan berpengaruh positif tapi tidak signifikan, dikarenakan nilai signifikan lebih besar dari 0,05 yaitu 0,734 dan t hitung 0,340. Harga saham secara parsial dipengaruhi oleh rasio keuntungan setiap lembar saham dan rasio pengembalian aset yang signifikan dan positif, diketahui dari nilai t hitung 5,634 dan 8,728 serta signifikan 0,000. Rasio hutang atas modal berpengaruh negatif dan tidak signifikan karena nilai signifikansi lebih besar dari 0,05 yaitu 0,403 dan t hitung -0. Secara simultan Rasio harga keuntungan, rasio keuntungan seriap lembar saham, rasio pengembalian aset dan rasio hutang atas modal memiliki pengaruh yang signifikan terhadap harga saham, dengan signifikansi 0,05 dan nilai f 4,062. ABSTRACT The consumer goods industry sector is the target company for this study. Using purposive sampling method, 29 samples were taken from 55 populations. During the five observation periods, 145 secondary data were obtained which were then processed in SPSS. The profit price ratio has a positive but insignificant effect, because the significant value is greater than 0.05, namely 0.734 and t count 0.340. Share price is partially influenced by the profit ratio of each share and the ratio of return on assets which is significant and positive, it is known from the t-count value of 5,634 and 8,728 and significant 0,000. Debt to equity ratio has a negative and insignificant effect because the significance value is greater than 0.05, namely 0.403 and t count -0. Simultaneously, the profit price ratio, profit ratio of each share, asset return ratio and debt to equity ratio have a significant effect on stock prices, with a significance of 0.05 and a value of f 4.062.


2013 ◽  
Vol 3 (2) ◽  
pp. 93
Author(s):  
Afra Fadilla ◽  
Tina Sulistiyani

Research conducted aims to determine whether there is influence of Cash Position (CP), Debt to Equity Ratio (DER), and Return On Assets (ROA) partially or jointly against Dividend Payout Ratio (DPR) on the listed property company Indonesia Stock Exchange from 2008 to 2010. The results showed that of the three independent variables ROA and DER variables significantly influence the Dividend Payout Ratio while variable CP no significant effect on Dividend Payout Ratio. R-square value of 62.6%.


2020 ◽  
Vol 12 (1) ◽  
pp. 44-67
Author(s):  
Elisa Tjhoa

Abstract- The company’s decision on the distribution of dividend, as one of the returns expected by investors aside of capital gain, is an important decision due to its impacts on company’s value and shareholders’ wealth. The purpose of this research is to obtain empirical evidence regarding the determinants on Dividend Payout Ratio, namely Free Cash Flow, Company’s Growth, Return on Assets, Cash Ratio, Debt to Equity Ratio, and Firm Size (Empirical Study on Consumption Goods Industry Companies Listed on Indonesia Stock Exchange between 2015-2017). The samples in this study were selected through purposive sampling method and secondary data were analyzed through multiple linear regression methods. In total, 13 companies were used as samples. The result of this study showed Free Cash Flow, Cash Ratio and Firm Size partially have significant and positive effect towards Dividend Payout Ratio, and Company’s Growth has significant and negative effect towards Dividend Payout Ratio. While Return on Assets and Debt to Equity Ratio has no significant effects toward Dividend Payout Ratio.  Free Cash Flow, Company’s Growth, Return on Assets, Cash Ratio, Debt to Equity Ratio and Firm Size simultaneously have significant effect toward Dividend Payout Ratio (DPR).   Keywords: Cash Ratio, Debt to Equity Ratio, Dividend Payout Ratio, Firm Size, Free Cash Flow, Growth, Return on Assets


2021 ◽  
Vol 1 (1) ◽  
pp. 25-32
Author(s):  
Wandi Jackson ◽  
◽  
Mia Laksmiwati ◽  

Abstract Purpose: This study aimed to determine the effect of total asset turnover, debt to equity ratio, return on assets, firm size and cash ratio on dividend payout ratio in companies included in the Kompas-100 Index on the Indonesia Stock Exchange 2013-2018. Research Methodology: Purposive sampling was used to collect data. Based on the criteria established and obtained, samples from ten public companies in the index Kompas-100 representing the total number of up to 100 companies were obtained. The testing of hypotheses was used as the instrument for analysis, processed through SPSS version 20 and Microsoft Excel 2010. Results: This study indicates that FS has a negative and significant influence on the DER, while the TATO, DER, ROA, and CR do not influence the DPR.


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