scholarly journals The Impact of Going Public Decision on Company Performance: Evidence from Pakistan

2020 ◽  
Vol V (III) ◽  
pp. 156-165
Author(s):  
Ihtesham Khan ◽  
Sikandar Shah ◽  
Wisal Ahmad
Keyword(s):  
Capital Expenditure ◽  
Stock Exchange ◽  
Control Variable ◽  
Two Dimensions ◽  
Company Performance ◽  
Sales Growth ◽  
Independent Variables ◽  
Dependent Variables ◽  
Return On Sales ◽  
The Impact

This study inspected the association of company performance with the choice of IPO of the firm's registered on the Pakistan Stock Exchange. In particular, two dimensions of performance, Return on Sales and Return on Asset as operating and Tobbin Q as Market performance as dependent variables, Bank debts, Capital Expenditure, Ownership Concentration, Sales Growth and Firm Size as independent variables along with the age of the firm as control variable have been used. Sample of 40 Pakistani IPOstaken for the period of 2005-2016. OLS inferences confirmed that the performance of both pre-IPO and Post-IPO show an influential association with the independent variables. This study provided a path to smaller firms that are in the process to go public. Whereas glimpses for the investors also provided who want to add profitable securities to their portfolio bucket.

scholarly journals KETERKAITAN PERTUMBUHAN PENJUALAN PERPUTARAN PERSEDIAAN, PERPUTARAN PIUTANG, DAN PERPUTARAN KAS TERHADAP PROFITABILITAS PERUSAHAAN LQ 45 DI BURSA EFEK INDONESIA

2021 ◽  
Vol 5 (2) ◽  
pp. 781
Author(s):  
Sugiyarmasto Sugiyarmasto ◽  
Erlina Setyaningrum
Keyword(s):  
Stock Exchange ◽  
Financial Statements ◽  
Sales Growth ◽  
Analysis Method ◽  
Independent Variables ◽  
Dependent Variables ◽  
Regression Test ◽  
Inventory Turnover ◽  
Relationship Of ◽  
The Relationship

The research aims to determine and provide empirical evidence of , sales growth inventory turnover, receivables Turnover, and significant cash turnover on profitability in LQ 45 Company on Indonesia Stock Exchange year 2016-2018. The samples in this study used purposive sampling so obtained 21 company samples from 45 LQ 45 company population listed on the Indonesia Stock Exchange, with 63 observations of financial statements (21 companies x 3 years of financial statements warning). Dependent variables in this study, namely profitability. While independent variables in this study, sales growth namely inventory turnover, turnover receivables, , cash turnover. The data analysis method used is a type of multiple regression test to test the relationship of independent variables with the dependents The results of the research hypothesis testing proved that the turnover of receivables, and cash turnover significantly positively affect profitability. And sales growth has a negative and significant effect on profitability. While inventory turnover has a negative and insignificant effect on profitability in LQ 45 company in the Indonesia Keywords: sales growth,inventory turnover, turnover receivable, cash turnover,profitability

scholarly journals PENGARUH RISIKO BISNIS, LIKUIDITAS, PERTUMBUHAN PENJUALAN DAN PERISAI PAJAK NON-UTANG TERHADAP STRUKTUR MODAL

2021 ◽  
Vol 2 (1) ◽  
pp. 59-77
Author(s):  
Syafri Nosit ◽  
Yulia Efni ◽  
Gusnardi Gusnardi
Keyword(s):  
Capital Structure ◽  
Sampling Method ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Sales Growth ◽  
Independent Variables ◽  
Tax Shield ◽  
Dependent Variables ◽  
Debt Tax Shield

This study is aimed to examine the effect of risk business, liquidity, sales growth, non-debt tax shield on capital structure. The population of this study is metal and allied products companies listed in Indonesia Stock Exchange from 2014 - 2018. The sample of the study is all companies were selected by purposive sampling method. Based on the criteria, 13 companies were chosen as the samples of this study. This study used multiple linear regression analysis was used to test whether the independent variables affect the dependent variables. The results of this study is found that risk business and non-debt tax shield on capital structure have a negative an insignificant effect on capital structure, Liquidity and Sales Growth on capital structure have a negative an significant effect on capital structure. The limitations of this study are driven by the variable, year and sample size. Therefore further reseacrh can use other variables and extension other industries could bring the comprehensive results

scholarly journals Impact of Leverage and Risk Exposure on Financial Performance in SMEs of Northern Punjab

2018 ◽  
Vol 4 (1) ◽  
pp. 17-28
Author(s):  
Javed Iqbal ◽  
Moeed Ahmad Sandhu ◽  
Zubair Ahmad ◽  
Muhammad Hamza Javed ◽  
Waris Ali
Keyword(s):  
Control Variable ◽  
Secondary Data ◽  
Time Frame ◽  
Commercial Sector ◽  
Independent Variables ◽  
Dependent Variables ◽  
Basic Objective ◽  
New Research ◽  
The Impact ◽  
Collection Methods

Basic objective of this research was to discover the impact of Leverage on Risk and Profitability. For this purpose main focus of research was SMEs and Commercial sector of Pakistan. Leverage has three types DOL, DFL and DTL. And these three types of leverage are independent variables for this research while dependent variables of this research are ROE, ROA, ROS, GM and Risk. Further sales growth is also used as control variable in this research. Time frame for data analysis was 3 years from 2012 to 2014. Sample size for this research is 61 SMEs and Commercial sector organizations. Secondary data was used in this research and data was collected by using different data collection methods. SPSS version 20 was used to analyze data. Linear regression analyses were used to check the significant relationship between independent variables and dependent variables. This research is limited to just SMEs and Commercial sector organization so we cannot use these results for overall industry or sectors. This research is entirely new research for SMEs and Commercial sector organizations.

scholarly journals PENGARUH PROGRAM UPAYA KHUSUS TERHADAP PRODUKTIVITAS, BIAYA POKOK PRODUKSI DAN PENDAPATAN USAHATANI KEDELAI DI KABUPATEN LAMPUNG TIMUR

2021 ◽  
Vol 8 (2) ◽  
pp. 242
Author(s):  
Fajar Setya Dharma ◽  
Agus Hudoyo ◽  
Achdiansyah Soelaiman
Keyword(s):  
Sampling Method ◽  
Control Variable ◽  
Multiple Linear Regression Model ◽  
Simple Random Sampling ◽  
Production Standard ◽  
Independent Variables ◽  
Yield Production ◽  
Standard Cost ◽  
Dependent Variables ◽  
The Impact

This study aims to analyze the impact of the Upsus program on those three variables. The sample of this study were chosen by the simple random sampling method. The total respondents were 66 farmers of soybean from two districts in three villages for each district. They were interviewed for their farm budget in dry season2014 for non-upsus and dry season 2018 for Upsus. Therefore, the total observations were 132. There are three dependent variables, i.e. yield, production standard cost (HPP), and profit. The independent variables were Upsus and location as a control variable. Data were analyzed by the multiple linear regression model. The results of this study revealed that the Upsus program had statiscally significant (α= 1%) impact on increasing the yield, decreasing the production standard cost, and increasing the profit of the soybean farming. Its yield increased 16%, i.e. from 1.35 ton/ha to 1.57 ton/ha. Its production standard cost decreased 19%, i.e. from IDR4.690/kg to IDR3,820/kg.  Its profit increased 57%, i.e. from IDR3.21 million/ha to IDR5.05 million/ha.Key words: cost, production, profit, soybean, yield

scholarly journals Pengaruh Mekanisme Tata Kelola Perusahaan dan Kinerja Keuangan Terhadap Kemungkinan Kebangkrutan pada Perusahaan Manufaktur Sub Sektor Makanan dan Minuman Yang Terdaftar di Bursa Efek Indonesia

2020 ◽  
Vol 2 (3) ◽  
pp. 707
Author(s):  
Genna Surayal ◽  
Khairina Natsir
Keyword(s):  
Stock Exchange ◽  
Managerial Ownership ◽  
Governance Mechanism ◽  
Purposive Sampling ◽  
Independent Variables ◽  
Dependent Variables ◽  
Food And Beverage ◽  
Corporate Governance Mechanism ◽  
The Impact ◽  
Positive Effect

This study examines the impact of Corporate Governance Mechanism and Financial Performance to the possible of bankruptcy. The type of research that is used is causal research ­— a research that is done to find a definitive causal relationship or to find the cause of one or more problems. This study is consisted by three independent variables and one dependent variables which the independent variables being managerial ownership and the proportion of independent board of commissioner and liquidity, with possible of bankruptcy as the dependent variable. The sample in this study are 17 manufacturing company sub sector food and beverage which listed on the Indonesia Stock Exchange from 2014 until 2018 who selected through purposive sampling method. The result of this study are managerial ownership has no significant effect on possible bankruptcy, proportion of independent board commissioner has a significant positive effect on possible bankruptcy, and liquidity has no significant effect on possible bankruptcy.Penelitian ini bertujuan untuk menganalisis pengaruh Mekanisme Tata Kelola Perusahaan dan Kinerja Keuangan terhadap Kemungkinan Kebangkrutan. Tipe penelitian yang digunakan merupakan penelitian kausal — penelitian yang dilakukan untuk menemukan hubungan sebab dan akibat yang definitif atau menemukan penyebab dari satu atau lebih masalah. Penelitian ini terdiri dari tiga variabel independen dan satu variabel dependen, yaitu kepemilikan manajerial, proporsi dewan komisaris independen, dan likuiditas sebagai variabel independen, dengan kemungkinan kebangkrutan sebagai variabel dependen. Sampel dari penelitian ini adalah 17 perusahaan manufaktur sub sektor makanan dan minuman yang terdaftar di Bursa Efek Indonesia dari 2014 hingga 2018 yang ditentukan menggunakan metode purposive sampling. Hasil dari penelitian ini adalah kepemilikan manajerial tidak berpengaruh secara signifikan terhadap kemungkinan kebangkrutan, proporsi dewan komisaris independen memiliki pengaruh positif yang signifikan terhadap kemungkinan kebangkrutan, dan likuiditas tidak berpengaruh secara signifikan terhadap kemungkinan kebangkrutan. 

Faktor-faktor yang Mempengaruhi Belanja Modal pada Kabupaten atau Kota di Provinsi Sumatera Selatan

2018 ◽  
Vol 2 (1) ◽  
pp. 140
Author(s):  
Gogor Mustawa Zais
Keyword(s):  
Multiple Regression ◽  
Capital Expenditure ◽  
Independent Variables ◽  
The Impact

ABSTRACT The objective of this study was to find out and analyze the impact of regional own revenue (PAD), general allocation fund (DAU) and special allocation fund (DAK) on capital expenditure (BM)  in regencies/towns in South  Sumatera Province  for a period of 2010 to 2014. The data were analyzed by using multiple regression. There were four variables in this research. A dependent variable was capital expenditure (BM) and independent variables were regional own revenue (PAD), general allocation fund (DAU) and special allocation fund (DAK). The results showed that the regional own revenue and special allocation fund variables have positive and significant impact on the capital expenditure. This means that the higher the regional own revenue and special allocation fund, the regencies/towns increased the capital expenditure are also higher. General allocation fund do not have a significant effect on the capital expenditure (BM) in regencies/towns in South Sumatera Province for a period of 2010 to 2014

PENGARUH IT SPENDING TERHADAP KINERJA PERUSAHAAN PADA PERUSAHAAN TELEKOMUNIKASI YANG TERDAFTAR DI BURSA EFEK SELURUH ASIA TENGGARA PADA TAHUN 2009-2011

MODUS ◽  
2016 ◽  
Vol 26 (2) ◽  
pp. 93
Author(s):  
Irene Adrayani
Keyword(s):  
Stock Price ◽  
Sampling Method ◽  
Capital Expenditure ◽  
Stock Exchange ◽  
Market Price ◽  
Market Value ◽  
Company Performance ◽  
Corporate Value ◽  
Accounting Information System ◽  
Company Value

This study aims to get empirical evidence about the infuence of IT spending on corporate value by testing the efect of IT spending on corporate value by using Tobin’s Q. Te higher the stock price, the higher the company value as well as investors’ assessment. The market price of the company’s stocks refects investors’ assessment of the overall equity held. Of the stock price refects investor can provide an assessment of a company. Tobin’s Q is the ratio of the market value of the company’s assets as measured by the market value of the outstanding stocks and debt (enterprise value) to the replacement cost of the assets of the company. The sampling method is based on purposive sampling method with the purpose to obtain a sample that meets the criteria. Tis study used a sample taken from a telecommunications company listed on the Stock Exchange throughout Southeast Asia during the period of 2009-2011. The hypothesis in this study was tested using simple regression. Based on data analysis, the result that the variable IT spending does not afect the company value.Keywords: accounting information system, Tobin’s Q, IT spending, capital expenditure, company performance

scholarly journals Changes in Incisor Third-Order Inclination Resulting from Vertical Variation in Lingual Bracket Placement

2009 ◽  
Vol 79 (4) ◽  
pp. 747-754 ◽  
Author(s):  
Michael Knösel ◽  
Klaus Jung ◽  
Liliam Gripp-Rudolph ◽  
Thomas Attin ◽  
Rengin Attin ◽  
...  
Keyword(s):  
Null Hypothesis ◽  
Interindividual Variation ◽  
Occlusal Plane ◽  
Third Order ◽  
Vertical Variation ◽  
Independent Variables ◽  
The Third ◽  
Dependent Variables ◽  
Incisor Inclination ◽  
The Impact

Abstract Objective: To test the null hypothesis that third-order measurements are not correlated to lingual incisor features seen on radiographs. Material and Methods: The lateral headfilms of 38 untreated, norm-occlusion subjects without incisor abrasions or restorations were used for third-order measurements of upper and lower central incisors and assessment of the inclination of four sites suitable for lingual bracket placement with reference to the occlusal plane perpendicular. Lingual sections were determined by the tangents at the incisal fossa (S1), at the transition plateau between incisal fossa and the cingulum (S2), by a constructed line reaching from the incisal tip to the cingulum (S3), and by a tangent at the cingulum convexity (S4). Third-order angles were also assessed on corresponding dental casts using an incisor inclination gauge. Regression analysis was performed using the third-order measurements of both methods as the dependent variables and the inclination of the lingual enamel sections (S1, S2, S3, S4) as the independent variables. Results: The null hypothesis was rejected. For the most common bracket application sites located on the lingual shovel (S1 and S2), third-order inclination changes of 0.4–0.7 degrees are expected for each degree of change in the inclination of the lingual surface. The impact of bracket placement errors on third-order angulation is similar between sections S1 and S2 and the cingulum convexity (S4). Section S3 proved to be least affected by interindividual variation. Conclusion: The third-order measurements are correlated to lingual incisor features. Accordingly, third-order changes resulting from variation in lingual bracket placement can be individually predicted from radiographic assessments.

ANALISIS PENGARUH STRUKTUR MODAL, UKURAN PERUSAHAAN, AGENCY COST, LIKUIDITAS TERHADAP KINERJA PADA PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PERIODE 2015-2019

2021 ◽  
Vol 5 (1) ◽  
Author(s):  
Mia Audina
Keyword(s):  
Capital Structure ◽  
Banking Sector ◽  
Stock Exchange ◽  
Agency Cost ◽  
Statistical Test ◽  
Company Size ◽  
Company Performance ◽  
Current Ratio ◽  
Independent Variables ◽  
Equity Ratio

This study aims to examine the effect of capital structure, firm size, agency cost and liquidity on company performance. Researchers found differences in results between previous studies which are strong reasons why this research is feasible. The sample includes 8 banking sector companies listed on the Indonesia Stock Exchange (BEI) for the period 2015-2019. In this study, capital structure is proxied by using the Debt to Equity Ratio (DER), company size is proxied by using (Size), agency cost is proxied by using Free Cash Flaw (FCF), and liquidity is proxied by the current ratio. The method of analysis in this research is descriptive statistical test, classical assumption test and multiple regression analysis using the SPSS application. The results showed that the independent variables, namely capital structure, agency cost have a positive and significant effect on company performance, while the independent variables, namely company size and liquidity, have a negative and significant effect on company performance. Keywords : Struktur modal,ukuran perusahaan, agency cost, likuiditas, kinerja perusahaan.

scholarly journals The Effect of Related Party Transactions on the Performance of Indonesian Listed Companies

2021 ◽  
Vol 20 (1) ◽  
pp. 21-39
Author(s):  
Brigitta Angelica ◽  
◽  
Desya Gunawan ◽  
Jessy Christella ◽  
Yane Chandera ◽  
...  
Keyword(s):  
Firm Performance ◽  
Stock Exchange ◽  
Empirical Studies ◽  
Negative Relationship ◽  
Company Performance ◽  
Minority Shareholders ◽  
Related Party Transactions ◽  
Direct Light ◽  
Panel Data Regression ◽  
The Impact

Abstract. The purpose of this paper is to analyze the impact of related party transactions (RPTs) on company performance using a panel data regression on 388 non-financial companies listed in Indonesia Stock Exchange during the 2015-2018 period. RPT variables used in this study are divided into several categories, namely transactions with related parties in the operational field (operational RPTs), financial field (financial RPTs), other fields (other RPTs), and total RPTs (sum of the three previous types). The study finds a significant negative relationship between financial RPTs and other RPTs on company performance. This finding is consistent with the precedent research that non-operational RPTs (i.e., financial RPTs and other RPTs) are commonly used by controlling shareholders as tunneling channels to expropriate minority shareholders. The results suggest policymakers to monitor more closely RPTs, particularly financial and other RPTs, that are more likely to be used as tunneling activities that are detrimental to firm performance. The results of this study are robust to various proxies of firm performance, providing additional empirical studies on RPTs in emerging countries with concentrated ownership structure, and shedding direct light on which type of RPTs that is mainly used as tunneling channel. Keywords: Efficient transaction hypothesis, firm performance, Indonesia, related party transactions, type II agency problem

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