Pengaruh Struktur Modal, Ukuran Perusahaan, Kebijakan Deviden Terhadap Harga Saham Trade, Service, & Investment di Indonesia

2020 ◽  
Vol 3 (1) ◽  
pp. 51
Author(s):  
Dwita Sakuntala ◽  
Sherly Ogestine ◽  
Ricky Joedani ◽  
Jimmy Kuo ◽  
Nove Rianto Sanjaya ◽  
...  
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Stock Price ◽  
Research Data ◽  
Regression Testing ◽  
Financial Ratio ◽  
Purposive Sampling ◽  
Testing Method ◽  
Investment Companies ◽  
A Company

Investment is carried out with the purpose of obtaining benefits. One of the investor benchmarks before invest their capital to a company is by monitoring its stock price. The objective of the research is to know the financial ratio indicated through a capital structure (DER), Firm size, dividend policy (DPR) towards the stock price. The researcher collects data by pulling documentation study sampling and purposive sampling to obtain 24 companies as research samples. In this research, data were analyzed using the Regression Testing method. The researcher found out that DER, Firm Size, DPR simultaneously affecting the stock price of Trade, Service & Investment companies from the year 2014 to 2018. Investors are expected to observe DER, Firm Size, DPR prior to investing. Investasi dilakukan dengan tujuan untuk memperoleh keuntungan sesuai dengan yang diharapkan. Salah satu hal yang menjadi tolak ukur bagi investor untuk menanamkan modalnya kepada suatu perusahaan adalah dengan melihat harga saham perusahaan tersebut. Berdasarkan hal tersebut, penelitian ini bertujuan untuk mengetahui rasio keuangan yang diwakili oleh struktur modal (DER), ukuran perusahaan (firm size), kebijakan dividen (DPR) terhadap harga saham. Teknik pengumpulan data menggunakan purposive sampling, dan di dapat sebanyak 24 sampel perusahaan dari 133 populasi perusahaan sector Trade, Service & Investment yang terdaftar di Bursa Efek Indonesia (BEI) periode 2014-2018. Model analisis mengunakan regresi linier berganda. Hasil penelitian menunjukkan bahwa secara simultan DER, Firm size, DPR berpengaruh terhadap harga saham pada perusahaan Trade, Service & Investment 2014-2018. Bagi investor di harapkan memperhatikan DER, Firm Size, DPR sebelum berinvestasi.

scholarly journals Profitabilitas Sebagai Mediasi Struktur Modal dan Pertumbuhan Perusahaan Terhadap Return Saham Syariah

2021 ◽  
Vol 2 (02) ◽  
pp. 113-124
Author(s):  
Vina Marlisa ◽  
Suminar Suminar ◽  
Tunggu Ariana ◽  
Deska Lafairi Rera ◽  
Ratnasari
Keyword(s):  
Capital Structure ◽  
Stock Returns ◽  
Capital Market ◽  
Stock Price ◽  
Sampling Method ◽  
Structural Model ◽  
Research Data ◽  
Purposive Sampling ◽  
Price Indexes ◽  
Asset Growth

Pasar modal syariah memiliki peran penting pada sektor keuangan. Jakarta Islamic Index (JII) memiliki tingkatan kinerja lebih baik dibandingkan dengan indeks harga saham lainnya. Hal ini membuka peluang bagi investor untuk berinvestasi pada saham-saham syariah untuk meningkatkan return. Penelitian untuk menganalisis profitabiltias (ROE) sebagai mediasi pengaruh struktur modal (DER) dan tingkat pertumbuhan perusahaan (Growth) terhadap return saham syariah. Data dari empat belas perusahaan Jakarta Islamic Index (JII) selama periode tahun 2017-2019 dengan metode purposive sampling dianalisis menggunakan model struktural.  Profitabilitas memediasi struktur modal terhadap return saham dimana profitabilitas dipengaruhi secara positif oleh struktur modal dan mempengaruhi return saham secara negatif. Profitabilitas tidak sebagai pemediasi karena pertumbuhan aset tidak mempengaruhi laba perusahaan. The syariah capital market has an important role in the financial sector. The Jakarta Islamic Index (JII) which has a better level of performance compared to other stock price indexes. This opens up opportunities for investors to invest in Islamic stocks to increase returns. Research to analyze profitability (ROE) as mediation of the influence of capital structure (DER) and the growth rate of companies (Growth) on the return of Sharia stocks. The research data was obtained from fourteen companies listed on the Jakarta Islamic Index (JII) during the period 2017-2019 with the purposive sampling method analyzed using a structural model. Profitability mediates capital structure on stock returns where profitability is positively influenced by capital structure and negatively affects stock returns. Profitability is not a mediator because asset growth does not affect the company's profit.

scholarly journals Factor Influence Analysis of Corporate Value with Firm Size As Moderator Variable in Indonesia Stock Exchange

2018 ◽  
Vol 13 (1) ◽  
pp. 57
Author(s):  
Jaja Suteja ◽  
Muhammad Rida Abas
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Stock Price ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Coefficient Of Determination ◽  
Corporate Value ◽  
Moderator Variable ◽  
Industry Sector ◽  
A Company

Corporate value is the representation of people’s judgement towards the company’s performance in general that usually correlated with stock price. Maximizing corporate value is the main goal of a company. By doing so, it will also improve the prosperity of shareholders. This present study aims to analyze the influence of capital structure, dividend policy, and profitability towards the corporate value by involving firm size as the moderator variable. The subjects are the companies of consumer goods industry sector that has been registered in Indonesia Stock Exchange from 201 until 2016. The result showed that capital structure, dividend policy, and profitability simultaneously have influence towards the corporate value with coefficient of determination (R2) 20.17%. Thus, moderately, firm size can negatively moderate the correlation between capital structures towards corporate value. However, it cannot moderate the correlation between ldividend policies towards the corporate value. Keywords: Corporate Value, Capital Structure, Dividend Policy, Profitability, Firm Size

scholarly journals Faktor-faktor yang Mempengaruhi Struktur Modal pada Perusahaan Building Construction yang Terdaftar di Bursa Efek Indonesia

2021 ◽  
Vol 5 (2) ◽  
pp. 161
Author(s):  
Lie Fuena ◽  
Indra Widjaja
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Building Construction ◽  
Purposive Sampling ◽  
Construction Companies ◽  
A Company ◽  
The Capital Structure

Capital is very important for a company to run the business. Problems that often occur in the business are problems of lack of funds or capital. The need for capital for a company is very important in terms to grow and also the sustainability of a company. This study aims to find out the effect of profitability, liquidity, asset structure and firm size on the capital structure. This research conducted on the building construction company period 2015-2018 that listed in Indonesia Stock Exchange. Sample of this study consists of 55 building construction companies. The sample in this research was determined by purposive sampling method. The data analysis technique is the multiple linear regression analysis. The conclusion of this research is that profitability and asset structure do not effect the capital structure but liquidity and firm size do effect the capital structure. Modal sangat penting bagi suatu perusahaan untuk mulai beroperasi. Masalah-masalah yang sering terjadi di dunia bisnis adalah masalah kekurangan dana atau modal. Kebutuhan akan modal bagi suatu perusahaan sangatlah penting dalam hal membangun dan juga menjamin berlangsungnya suatu perusahaan. Penelitian ini bertujuan untuk mengetahui pengaruh profitabilitas, likuiditas, struktur aset dan ukuran perusahaan terhadap struktur modal. Penelitian ini dilakukan pada perusahaan building construction periode 2015-2018 yang terdaftar di Bursa Efek Indonesia. Sampel dalam penelitian ini terdiri dari 55 perusahaan building conctruction. Sampel dalam penelitian ini ditentukan dengan menggunakan metode purposive sampling. Teknik analisis data yang digunakan adalah Analisis Regresi Linear Berganda. Kesimpulan dari penelitian ini adalah profitabilitas dan struktur aset tidak berpengaruh terhadap struktur modal sedangkan likuiditas dan ukuran perusahaan berpengaruh positif terhadap struktur modal.

FAKTOR DETERMINAN PEMBENTUK STRUKTUR MODAL PADA PERUSAHAAN SEKTOR FARMASI PERIODE 2012 - 2016

2017 ◽  
Vol 2 ◽  
pp. 241-250
Author(s):  
Neng Ria Kanita ◽  
Hendryadi Hendryadi
Keyword(s):  
Panel Data ◽  
Capital Structure ◽  
Firm Size ◽  
Stock Exchange ◽  
Pharmaceutical Manufacturing ◽  
Manufacturing Companies ◽  
Purposive Sampling ◽  
Panel Data Regression ◽  
Data Regression ◽  
Partial Effects

This study aims to examine the simultaneous and partial effects of profitability, liquidity, and firm size on capital structure. The sample is 10 pharmaceutical manufacturing companies listed in Indonesia Stock Exchange period 2012-2016, using purposive sampling. The technique of analysis used is panel data regression (pooled regression). The results showed that the selected model is the fixed effect. Simultaneously NPM, CR, and Firm Size have a significant effect on capital structure. Partially NPM has a negative and significant effect on capital structure. CR partially have a negative and not significant effect on capital structure. Partially Firm Size have a positive and significant effect on capital structure. Variables that have a significant effect on capital structure are NPM and Firm Size. While CR does not significantly affect the capital structure. Keywords: Capital Structure, Profitability, Liquidity, Firm Size

scholarly journals Analisis Profitabilitas, Ukuran Perusahaan, Struktur Aset, Likuiditas, dan Risiko Bisnis terhadap Struktur Modal Perusahaan Manufaktur di Indonesia

2020 ◽  
Vol 3 (2) ◽  
pp. 282-291
Author(s):  
Velda Lianto ◽  
Annisa Nauli Sinaga ◽  
Elvi Susanti ◽  
Christina Yaputra ◽  
Veronica Veronica
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Manufacturing Companies ◽  
Business Risk ◽  
Purposive Sampling ◽  
The Capital Structure

Capital structure reflects the extent to which companies can manage existing capital to generate profits. The purpose of this research is to examine and analyze the influence of variables of profitability, firm size, asset structure, liquidity, and business risk on the capital structure in Manufacturing companies listed on the Indonesia Stock Exchange in the period of 2015 - 2018. The sampling technique uses purposive sampling by determining 3 criteria. From total of 155 companies, only 69 companies were sampled. The result of this research indicate that profitability has a positive and significant effect on capital structure, firm size has a positive and no significant effect on capital structure, asset structure has no effect and no significant on capital structure, liquidity and business risk have a negative and significant effect on capital structure in Manufacturing companies listed on the Indonesia Stock Exchange in the periode of 2015 -  2018. Keywords: Profitability, Firm Size, Asset Structure, Liquidity, Business Risk and Capital Structure

scholarly journals FAKTOR-FAKTOR FUNDAMENTAL YANG MEMPENGARUHI HARGA SAHAM PERUSAHAAN YANG TERDAFTAR DI JAKARTA ISLAMIC INDEX TAHUN 2010-2016

2020 ◽  
Vol 6 (8) ◽  
pp. 1620
Author(s):  
Hamidatul Husnah ◽  
Puji Sucia Sukmaningrum
Keyword(s):  
Quantitative Analysis ◽  
Significant Influence ◽  
Stock Price ◽  
Current Ratio ◽  
Purposive Sampling ◽  
Equity Ratio ◽  
A Company ◽  
Observation Period

This research aims to determine the effect of Current Ratio, Debt Equity Ratio and Earning Per Share on stock price of Companies in Jakarta Islamic Index partially or simultaneously. The population in this study is a company registed in Jakarta Islamic Index and the sample used in this study as many as 9 companies listed in Jakarta Islamic Index that meets the criteria of purposive sampling. The observation period of the study starts from 2010 to 2016. This best of research in used quantitative analysis with multiple linear regressionshow that Current Ratio, Debt Equity Ratio and Earning Per Sharesimultaneously and significantly affect the stock price of companies in Jakarta Islamic Index. And partially variable of current ratio insignificant influence to stock price, debt equity ratio is negative and significant influence, and earning per share have positif and significant influence to stock price of company in Jakarta Islamic Index periode 2010-2016.Keywords: Stock Price, Current Ratio, Debt Equity Ratio,Earning Per Share

scholarly journals Pengaruh Struktur Modal, Profitabilitas, dan Struktur Aktiva terhadap Harga Saham

2019 ◽  
Vol 1 (1) ◽  
pp. 47-60
Author(s):  
Sellytyanengsih E. Churcill ◽  
Kenny Ardillah
Keyword(s):  
Data Analysis ◽  
Capital Structure ◽  
Stock Price ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Positive Influence ◽  
Financial Statement ◽  
Purposive Sampling ◽  
Manufacture Company ◽  
Significant Positive Influence

The purpose of this research is to examine the influence of profitability, capital structure, and asset structure positively to the stock price on manufacture companies which are listed in Indonesia Stock Exchange (IDX). The research samples have been selected by using purposive sampling technique to the 62 manufacture companies have been published the financial statement and active stocks which have been traded at Indonesia Stock Exchange (IDX) in 2014 – 2016 periods with the amount of 186 data which have yet to be the research sample criteria.The data analysis has been carried out by using multiple linier regressions analysis. The results of the study found out that capital structure has a positive influence on stock price means that the high capital structure influences shareholder decisions in increasing stock price. Profitability has a significant positive influence on stock price means that every increase in the profitability of a food and beverages company, it causes the stock price will increase. And asset structure have a positive influence on stock price means to indicate that every increase in asset structure of manufacture company, it causes that stock price will increase.

scholarly journals IDENTIFIKASI EKSPEKTASI INVESTOR MELALUI KEBIJAKAN STRUKTUR MODAL, PROFITABILITAS, UKURAN PERUSAHAAN DAN GCPI

2014 ◽  
Vol 5 (2) ◽  
Author(s):  
Sugeng Haryanto
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Multiple Linear Regressions ◽  
Financial Reports ◽  
Public Companies ◽  
Purposive Sampling ◽  
Company Value ◽  
Linear Regressions ◽  
The Capital Structure

<p>Penelitian ini bertujuan untuk menganalisis pengaruh kausalitas antara kebijakan struktur modal, ukuran perusahaan, profitabilitas yang diukur dengan ROA dan perapan GCG yang diukur dengan Good Corporate Perception Index (GCPI) terhadap ekspektasi investor yang diukur dengan nilai perusahaan. Teknik  sampling yang digunakan dalam penelitian ini adalah purposive sampling. Sampel dalam penelitian ini adalah perusahan yang go public dan masuk dalam Indonesia Most Trusted Companies. Periode penelitian selama tahun 2012 dan 2013, serta mempublikasikan laporan keuangan 2012-2013. Jumlah sampel sebanyak 48 perusahaan. Teknik analisis yang digunakan regresi linier berganda. Hasil penelitian menunjukkan bahwa kebijakan struktur modal dan ukuran perusahaan tidak berpengaruh, sedangkan profitabilitas dan GCPI berpengaruh terhadap ekspektasi investor. Secarasimultan variabel kebijakan struktur modal, ukuran peusahaan, profitabilitas dan GCPI berpengaruh terhadap ekspektasi investor.</p><p>The objective of the study was to analyze the causality influence among capital structure policy, firm size, profitability which was measured by ROA and the implementation of GCG which was measured by Good Corporate Perception Index  (GCPI) toward the investors’ expectations which was measured by the company value. It was a purposive sampling study. The samples of this study were go public companies listed on the Indonesia’s Most Trusted Companies. The period of the study was in 2012 and 2013, and financial reports from 2012 to 2013. The total samples were 48 companies. The data were analyzed by multiple linear regressions. The result of the study showed that the capital structure policy and firm size did not  give any influence, whereas the profitability and GCPI gave influence toward the investors’ expectations. Furthermore; capital structure policy, firm size, profitability and GCPI variables influenced simultaneously toward investors’ expectations.</p>

scholarly journals Determinan Nilai Perusahaan Dengan Struktur Modal Sebagai Variabel Intervening pada Perusahaan LQ 45 Di Indonesia

2019 ◽  
Vol 3 (1) ◽  
pp. 37-53
Author(s):  
Warsono ◽  
Fathoni Zoebaedi
Keyword(s):  
Capital Structure ◽  
Hypothesis Testing ◽  
Firm Value ◽  
Stock Exchange ◽  
Simultaneous Equation ◽  
Purposive Sampling ◽  
Research Hypothesis ◽  
Equation Modelling ◽  
A Company ◽  
Simultaneous Equation Modelling

This study aims to examine determinants (factors that affect) the value of the company that is profitability, liquidity and size of companies using capital structure as an intervening variable. The population in this study is a company that was selected in LQ 45 listed in the Indonesia Stock Exchange from august to january 2012- 2016 with 85 samples selected using purposive sampling. Research hypothesis testing using the Simultaneous Equation Modelling with Warpl PLS 6.0. Results of the analysis showed that profitability, liquidity and size significantly influence the firm value and capital structure. Capital structure is also able to mediate the effect of profitability, liquidity and size to the firm value.

AN IMPLIED VOLATILITY MODEL DETERMINED BY CREDIT DEFAULT SWAPS

2012 ◽  
Vol 15 (07) ◽  
pp. 1250049
Author(s):  
PASCAL HEIDER
Keyword(s):  
Capital Structure ◽  
Stock Price ◽  
Implied Volatility ◽  
Contingent Claims ◽  
Stock Volatility ◽  
Numerical Examples ◽  
Volatility Model ◽  
Credit Default ◽  
Spread Dynamics ◽  
A Company

In this paper we propose a diffusion model relating the stock price dynamics to the CDS spread dynamics of a company by assuming a linear relationship between instantaneous stock volatility and CDS spread. To value contingent claims under this model we apply a finite elements discretization to the associated pricing partial differential equation. A robust calibration strategy is presented and numerical examples are studied to validate the model assumptions. Besides option pricing, we discuss further applications which are e.g. the identification of market situations allowing volatility and capital structure arbitrage.

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