scholarly journals Pengaruh Indikator Ekonomi Makro, Kinerja Keuangan Perusahaan, Dan Risiko Sistematis terhadap Harga Saham

2012 ◽  
Vol 4 (2) ◽  
pp. 24-51
Author(s):  
Hellen Tiara Fatrin ◽  
Ratnawati Kurnia
Keyword(s):  
Interest Rate ◽  
Financial Performance ◽  
Stock Price ◽  
Systematic Risk ◽  
Secondary Data ◽  
Financial Statements ◽  
Annual Reports ◽  
Macroeconomic Factors ◽  
Return On Equity ◽  
Macroeconomic Factor

The objective of this research is to examine the effect of macroeconomic factors, financial performance and also systematic risk partially and simultaneously toward stock price. The macroeconomic factors are proxied by inflation and Bank Indonesia interest rate, company financial performance are proxied by Price Earning Ratio (PER), Earning per Share (EPS), Return on Asset (ROA), and Return on Equity (ROE), and also systematic risk is proxied by beta.  The object of this study are companies which have listed in Indeks LQ-45 in period 2007-2011. The samples are 11 companies determined based on purposive sampling. Data used in this study is secondary data such as financial statements, annual reports, inflation rate, Bank Indonesia interest rate, and stock price.  The results of this study are (1) macroeconomic factor proxied by inflation does not have partial significant effect to stock price (2) macroeconomic factor proxied by Bank Indonesia interest rate does not have partial significant effect to stock price (3) company financial performance proxied by Price Earning Ratio has partial significant effect to stock price (4) company financial performance proxied by Earning per Share has partial significant effect to stock price (5) company financial performance proxied by Return on Asset  does not have partial significant effect to stock price (6) company financial performance proxied by Return on Equity does not have partial significant effect to stock price (7) systematic risk proxied by Beta  does not have partial significant effect to stock price (8) macroeconomic factors,company financial performances, and systematic risk have simultaneous significant effect to stock price. Keywords: macroeconomic factor, financial performance, systematic risk, inflation, Bank Indonesia interest rate, Price Earning Ratio (PER), Earning per Share (EPS), Return on Asset (ROA), and Return on Equity (ROE), beta, stock price.

scholarly journals Corporate social responsibility and firm value: an empirical study of an emerging economy

2016 ◽  
Vol 5 (4) ◽  
pp. 40-53 ◽  
Author(s):  
Hassan Hafez
Keyword(s):  
Financial Performance ◽  
Firm Value ◽  
Secondary Data ◽  
Financial Statements ◽  
Annual Reports ◽  
Return On Assets ◽  
Return On Equity ◽  
Negative Effect ◽  
Corporate Social ◽  
Positive Effect

A lot of researches have been done recently on Corporate Social Responsibliity ("CSR"). A lot of studies have been conducted to test how CSR affects firm value and financial perfromance. Results varies from one study to another. Some proved that the realtionship is to be positve, or negative and others proved it to be neutral. The purpose of this research is to evaluate the effect of CSR on firm value and financial performance in Egypt through the application on 33 companies that were listed in the EGX30 in the year 2001, with a timeline of 8 years from 2007 till 2014. Data used in this study is secondary data obtained from the financial statements and annual reports of the egyptian companies and offical online websites. We proved that CSR has a insignifcant negative effect on firm value and a signifcant positive effect on firm’ financial perfromance in Egypt measured by Return on Assets (ROA) and Return on equity (ROE). This research paper is divided into five sections. Section one is the introduction followed by section two the literature review of CSR and its impact on firm value and financial performance. Section three covers the research methodology; section four presents data analysis and finally section five report findings and conclusions of the study.

Pengaruh Faktor Fundamental, Risiko Sistematis Dan Ekonomi Makro Terhadap Return Saham Syariah Yang Tergabung Di Jakarta Islamic Index (JII) Pada Periode 2010 – 2014

2017 ◽  
Vol 24 (1) ◽  
pp. 54-70
Author(s):  
Hasanah Setyowati ◽  
Riyanti Ningsih
Keyword(s):  
Exchange Rate ◽  
Stock Exchange ◽  
Systematic Risk ◽  
Secondary Data ◽  
Analysis Model ◽  
Macroeconomic Factors ◽  
Return On Equity ◽  
Equity Ratio ◽  
Regression Techniques ◽  
The Exchange Rate

This study aimed to obtain empirical evidence on the influence of fundamental factors, systematic risk and macroeconomics on the returns Islamic stock of companies incorporated in the Jakarta Islamic Index in 2010-2014. The variables used were the fundamental factors that are proxied by Earning Per Share (EPS), Return on Equity (ROE), Debt to Equity Ratio (DER); Systematic risk is proxied by Beta Shares; macroeconomic factors is proxied by the inflation rate and the exchange rate. The samples of this study are the enterprises incorporated in Jakarta Islamic Index (JII) at the Indonesian Stock Exchange. The sampling method was using purposive sampling. There were 12 samples of Islamic stocks that meet the criteria to be used as samples. The analysis model used is multiple linear regression techniques and the type of data used is secondary data. The study found that all variables, which are Earning Per Share (EPS), Return on Equity (ROE), Debt to Equity Ratio (DER), Beta stock, inflation and the exchange rate do not significantly affect the return of sharia stock either simultaneously or partially.

scholarly journals PENGARUH RASIO KEUANGAN TERHADAP HARGA SAHAM (STUDI PADA PERUSAHAAN SEKTOR PERTAMBANGAN MINYAK YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2014-2018)

2021 ◽  
Vol 4 (2) ◽  
pp. 187-197
Author(s):  
Sulis Tiono ◽  
Bambang Sugeng Dwiyanto
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Statements ◽  
Financial Ratios ◽  
Coefficient Of Determination ◽  
Mining Sector ◽  
Return On Equity ◽  
Book Value

Stock price fluctuations are natural and almost occur in all companies in various sectors, including companies in the oil mining sector so that price changes affect the company's financial performance and stock prices which can be analyzed fundamentally using financial ratios to aspects in the financial statements. The framework of this research is to analyze the effect of financial ratios on stock prices. The population and sample used are oil mining sector companies listed on the Indonesia Stock Exchange 2014-2018. The sampling method used is purposive sampling or judgmental sampling. Sources of data used are secondary data in the form of financial statements. The tool used for data collection is through the method of observation and analysis of the company's financial statements. The results showed, based on the t test value, stock prices were positively influenced by Return on Equity (ROE), Book Value (BV) and Price to Book Value (PBV), while negatively influenced by Debt To Equity Ratio (DER) and Net Profit. Margins (NPM). Based on the F test value, stock prices are positively influenced by ROE, DER, NPM, Earnings Per Share (EPS), BV, and PBV. Based on the coefficient of determination test (R2), stock prices are strongly influenced by ROE, DER, NPM, BV, and PBV by 91.5% and influenced by other variables by 8.5%.

scholarly journals Analyze Return on Equity and Weighted Average Cost of Capital Linkages to Firm Value

2021 ◽  
Vol 5 (1) ◽  
pp. 1-6
Author(s):  
Deuis Kartinah ◽  
Dicky Jhoansyah ◽  
Faizal Mulia Z
Keyword(s):  
Average Cost ◽  
Firm Value ◽  
Stock Price ◽  
Cost Of Capital ◽  
Stock Exchange ◽  
Weighted Average ◽  
Secondary Data ◽  
Financial Statements ◽  
Return On Equity ◽  
Independent Variable

The company's stock price which always experiences a decline is the background of this research. This study aims to determine the effect of return on equity (ROE) and Weighted Average Cost of Capital (WACC) on firm value in the textile and garment sector which is listed on the Indonesia Stock Exchange. This study using secondary data from is Financial statements of textile and garment companies from 2013 to 2018 obtained through the website Indonesia Stock Exchange. The analytical method used is multiple linear regression and data analysis using IBM Statistics 26. Based on the result of the analysis it can be concluded that return on equity and weighted average cost of capital has a significant effect on firm value with R2 equal to 0,329, which means the contribution of the independent variable to firm value by Price book value (PBV) in textile and garment companies is equal to 32,9 % and the remainder equal to 68,1 % can be explained by other variables outside this study, and based on the value of F with the values 6.606 shows that the simultaneous correlations of independent variables namely ROE and WACC with the dependant variable firm value.

scholarly journals FAKTOR-FAKTOR YANG BERPENGARUH TERHADAP HARGA SAHAM SYARIAH PT. WIJAYA KARYA, TBK., DAN PT. ANEKA TAMBANG, TBK.

2021 ◽  
Vol 1 (2) ◽  
pp. 36-44
Author(s):  
Zahida I’tisoma Billah ◽  
Nuri Fara Daisil Jinnani
Keyword(s):  
Stock Price ◽  
Sampling Method ◽  
Secondary Data ◽  
Financial Statements ◽  
Return On Assets ◽  
Financial Reports ◽  
Return On Equity ◽  
Analysis Technique ◽  
Equity Ratio ◽  
Selection Of

The stock price always changes. Investors can find out the factors that influence it with a fundamental analysis of the company's financial statements. This study aims to determine whether the Return On Assets, Return On Equity, and Debt to Equity Ratio affect the stock price fluctuation of PT. Wijaya Karya, Tbk. and PT. Aneka Tambang, Tbk. in 2016-2018. The research method used is descriptive quantitative, then this study uses the population and samples in the selection of research objects. The population consisted of 30 companies registered in JII, the sampling method was purposive sampling and obtained PT. Wijaya Karya, Tbk. and PT. Aneka Tambang, Tbk. The research data is secondary data obtained from the annual financial reports of the two research samples. The data analysis technique used is multiple regression. The results of the study concluded that both simultaneously and partially ROA, ROE, and DER did not have a significant effect on the stock price of PT. Wijaya Karya, Tbk. and PT. Aneka Tambang, Tbk. 2016-2018 period.

scholarly journals Average Collection Period and Financial Performance of Nzoia Water Services Company

2019 ◽  
Vol 7 (03) ◽  
Author(s):  
Wasike Michael Wafula ◽  
Wafula Esmaeel Rezouki ◽  
Charles Yugi Tibbs ◽  
Alala Benedict Ondiek
Keyword(s):  
Financial Performance ◽  
Service Providers ◽  
Secondary Data ◽  
Financial Statements ◽  
Water Services ◽  
Return On Equity ◽  
Accounts Receivable ◽  
Collection Period ◽  
The Mean ◽  
The Relationship

Account receivables have been a majo`r problem for most utility service providers especially those still dealing with the post payment method where services are rendered before payment are made. This study sought to find out effect of the average collection period and financial performance. The study obtained secondary data spanning from 2012 to 2016 from Kenya national audit office and Nzoia Water Services Company published financial statements. The study employed explanatory research design and data was collected from secondary data and analyzed using regression and correlation analysis and found the relationship between financial performance. From the findings the mean average collection period was 309.90 days, accounts receivable turnover had a mean of 1.1980, size of the region (7.5870). The results showed that NZOWASCO, financial performance variable Return on Equity (ROE) was significantly affected with average collection period with negative correlation-0.232. According to the regression equation established, taking all factors into account; Average collection period on financial performance of NZOWASCO measured by ROE was - 0.505.The study recommended that the organization reduce average collection period in order to improve their financial performance of the organizations.

TINGKAT SUKU BUNGA PINJAMAN DAN KINERJA KEUANGAN PERBANKAN: STUDI KASUS PADA BPR PT PRISMADANA

2011 ◽  
Vol 6 (2) ◽  
pp. 175
Author(s):  
Sarah Usman
Keyword(s):  
Interest Rate ◽  
Financial Performance ◽  
Secondary Data ◽  
Financial Statements ◽  
Interest Income ◽  
Net Interest Margin ◽  
Margin Analysis ◽  
Interest Margin

The purpose of this study is to analyze the role of loan interest and its implication towardsRural Bank’s financial performance. Database collected from primer data is based onobservation, meanwhile secondary data from Rural Bank’s financial statements during2006-2008 period. This study based on net interest margin analysis. The role of loan interestand it’s implication proxied by net interest income indicator.This study shows that anincrease in interest income (Net Interest Income) at Rural Bank due to an increase of it’slending activities for five years. Thus, loan interest income has important role on theincreasing perfomance of PTPrismadana rural bank's finance.Keywords: Interest Rate, Financial Performing, BPR

Pengaruh Debt Financing Dan Equity Financing Terhadap Kinerja Keuangan Bank Syariah Dengan Non Performing Financing Sebagai Variable Moderating

2018 ◽  
Vol 9 (2) ◽  
pp. 128-158
Author(s):  
Andi Rasti Utari Dwi Rahayu ◽  
Saiful Muchlis ◽  
Hasbiuallah Hasbiuallah
Keyword(s):  
Financial Performance ◽  
Commercial Banks ◽  
Positive Impact ◽  
Sample Selection ◽  
Secondary Data ◽  
Financial Statements ◽  
Debt Financing ◽  
Annual Reports ◽  
Equity Financing ◽  
The Relationship

This study aims to analyze the financial performance of sharia commercial banks in particular related to the channeling of funds in this case debt financing and equity financingand non performing financing as a moderating variable of the two previous variables to determine the financial performance of sharia commercial banks. The subject of this researchis sharia commercial bank listing in Bank Indonesia year 2011-2015. This research is associative, sample selection is done by purposive sampling method, sothat 8 syariah banks that fulfill the criteria of 11 sharia commercial banks listing in BI Thedata used in the form of secondary data derived from financial statements and annual reports,while data analysis techniques used are descriptive statistical analysis and multipleregression analysis and for analysis of moderating variable using test of absolute differencevalue. The results of this study indicate that debt financing and equity financing have asignificant and positive impact on the financial performance of sharia banks. And nonperforming financing is only able to moderate equity financing to the financial performanceof sharia banks. While non performing financing can not moderate the relationship betweendebt financing to the financial performance of sharia banks

Analisis Perbedaan Abnormal Return dan Kinerja Keuangan Perusahaan Sebelum dan Sesudah Merger atau Akuisisi

2014 ◽  
Vol 6 (2) ◽  
pp. 18-38
Author(s):  
Steffi Aprilda Natasya Lim ◽  
Suhajar Wiyoto
Keyword(s):  
Financial Performance ◽  
Abnormal Return ◽  
Stock Exchange ◽  
Secondary Data ◽  
Annual Reports ◽  
Financial Reports ◽  
Asset Return ◽  
Return On Equity ◽  
Before And After ◽  
The Difference

The objective of this research is to examine the difference of abnormal return, and companies’ financial performance, before and after merger or acquisition. The companies’ financial performances are projected by financial ratios, which are return on asset and return on equity. This research is expected to help economic actors in making economic decisions related to merger and acquisition. The samples in this study are 11 companies that listed in Indonesia Stock Exchange (Bursa Efek Indonesia) in the year 2010-2011, except financial sectors and done corporate action merger or acquisition. The sample in this study determined based on purposive sampling. Data used in this study is secondary data such as annual reports or financial reports. The results from this study are (1) there is no difference of abnormal return before and after merger or acquisition (2) there is no difference of companies’ financial performance that projected by return on asset before and after merger or acquisition (3) there is a difference of companies’ financial performance that projected by return on equity before and after merger or acquisition. Keywords: abnormal return, return on asset, return on equity, merger, acquisition

scholarly journals ANALISIS PERBANDINGAN KINERJA KEUANGAN SEBELUM DAN SESUDAH MERGER-AKUISISI PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PERIODE 2015

2020 ◽  
Vol 9 (2) ◽  
pp. 143
Author(s):  
Dimas Nur Setiantoso Putro ◽  
Desta Rizky Kusuma
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Descriptive Analysis ◽  
Secondary Data ◽  
Financial Statements ◽  
Annual Reports ◽  
The Public ◽  
Before And After ◽  
Asset Turnover ◽  
Data Source

This study is entitled comparative analysis of financial performance before and after mergers-acquisitions in companies listed on the Indonesia Stock Exchange (IDX) Period 2015. The purpose of this study is to determine differences in financial performance before and after mergers and acquisitions of companies listed on the IDX measured using the ratio Total Asset Turnover, Return On Asset, and Net Profit Margin with Purposive Sampling techniques. This type of data source is secondary data taken from the official website of the Indonesia Stock Exchange (www.idx.co.id). The data taken is the data of financial statements and annual reports and sampling conducted with certain criteria. The population used in this study are companies that have merged and are listed on the Indonesia Stock Exchange, as many as 15 companies. The choice of location or place of research on the Indonesia Stock Exchange (IDX) through the official website www.idx.co.id (2019), the reason for choosing this location is because all data such as financial statements can be trusted. Based on the determined sample criteria from 15 merger-acquisition companies listed on the Indonesian Stock Exchange (IDX), 12 sample companies were obtained that met these criteria. The data analysis method used is descriptive analysis to analyze data by describing or describing the data that has been collected as it is without making conclusions that apply to the public or generalizations. Then the data collected was tested for normality and paired sample t-test with the help of the SPSS 22 application program.

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