scholarly journals RETURN SAHAM PERUSAHAAN SUBSEKTOR PROPERTI DAN REAL ESTATE DI INDONESIA: RASIO LIKUIDITAS, RASIO SOLVABILITAS, DEGREE OF LEVERAGE

2020 ◽  
Vol 8 (2) ◽  
pp. 65
Author(s):  
Much. Rizal P. Geno ◽  
Rizky Windrasta Nuradmanta ◽  
Amrie Firmansyah

<p class="Standard"><em>Keuntungan </em><em>dalam ber</em><em>investasi di pasar modal dapat dicerminkan melalui perolehan return atas saham yang dipilih.</em><em> </em><em>Saat ini, semakin banyak investor yang berminat berinvestasi di perusahaan propert</em><em>i</em><em>. </em><em>Bisnis properti sangat menjanjikan dikarenakan tingginya permintaan dari masyarakat dan harga jual properti yang memiliki kecenderungan selalu naik</em><em>.</em><em> </em><em>Penelitian ini </em><em>bertujuan untuk </em><em>menguji</em><em> </em><em>pengaruh rasio likuiditas, rasio solvabilitas</em><em>,</em><em> dan degree of leverage terhadap return saham. Penelitian ini menggunakan</em><em> sampel</em><em> data keuangan perusahaan yang bergerak </em><em>di</em><em> subsektor properti dan real estate yang terdaftar di BEI pada periode tahun 2012 s.d. </em><em>tahun </em><em>2019.</em><em> Hasil penelitian ini menunjukkan bahwa </em><em>solvabilitas berpengaruh positif terhadap return saham </em><em>sedangkan</em><em> likuiditas, operating leverage dan financial leverage tidak berpengaruh terhadap return saham perusahaan.</em></p>

2021 ◽  
Vol 2 (2) ◽  
pp. 104-115
Author(s):  
Yoga Ramadhan ◽  
Andhika Napitupulu

Penelitian ini bertujuan untuk menguji pengaruh Operating Leverage dan Financial Leverage terhadap Earning Per Share. Variabel independen yang digunakan dalam penelitian ini adalah Operating Leverage dan Financial Leverage sedangkan variabel dependen dalam penelitian ini adalah Earning Per Share. Populasi dalam penelitian ini adalah berupa data laporan keuangan tahunan dari 37 perusahaan sektor Properti dan Real Estate periode 2018-2019. Penentuan sampel penelitian dengan menggunakan purposive sampling dan memperoleh sampel sebanyak 9 perusahaan dengan periode penelitian selama 2 tahun. Hasil penelitian menunjukkan bahwa uji t operating leverage dengan menggunakan formula Degree of Operating Leverage berpengaruh signifikan terhadap earning per share, hal ini dibuktikan dengan nilai t hitung > t tabel sebesar 3,300 > 2,100. Dan untuk financial leverage dengan formula Degree of Financial Leverage tidak berpengaruh signifikan terhadap earning per share, hal ini dibuktikan  dengan nilai t hitung < t tabel sebesar 0,436 < 2,100. Pada hasil uji F, operating leverage dan financial leverage berpengaruh secara bersama-sama (simultan) terhadap earning per share sebesar 43,2%, sedangkan sisanya sebesar 56,8% adalah pengaruh dari faktor lainnya yang tidak diteliti hal ini dibuktikan dengan nilai R square (R2) sebesar 0,432.


2021 ◽  
Vol 1 (2) ◽  
pp. 101-113
Author(s):  
Samsu Gaffar ◽  
Andi Tenri Uleng Akal

Objectiveness of our study is expected to provide the several contributions: (1) Theoretical benefits, the results of this study are expected to contribute to the development of economics, especially financial science, as material for developing insight into financial performance through operating leverage and financial leverage on earnings per share (EPS). This research was conducted on the Indonesia Stock Exchange (IDX). The research time taken in carrying out and completing this activity is scheduled for 3 (three) months, from July to September 2020. The population in this study is the property and real estate sector companies listed on the Indonesia Stock Exchange (IDX) from 2017-2019, totaling 62 companies. The method of determining the sample in this study used purposive sampling. The result of this study showed operating leverage has a positive and significant effect on earnings per share, financial leverage has no effect and is not significant on EPS, operating leverage and financial leverage simultaneously have a positive and significant effect on earnings per share. Based on the results of our demonstration of the analysis and discussion, several suggestions are put forward e.g., before investing in any company, an investor needs to pay attention to the level of earnings per share.


2019 ◽  
Vol 3 (2) ◽  
pp. 135
Author(s):  
Waluyo Jati

Funds can be obtained from company owners or from outside parties. The purpose of this study was to determine the effect of financial leverage, operating leverage and current ratio on profitability at PT. Manunggal Persada Jakarta. The method used in this research is descriptive with an associative approach, the sampling technique used is proportional random sampling using the census or saturated sampling method with a sample of 7 years of financial statements. The analysis tool uses classical assumption testing, regression testing, determination coefficient testing and hypothesis testing. The results of the study concluded that the regression coefficient value of Financial leverage of 0.005 was positive with a contribution of 19.3%. Hypothesis testing obtained a significance value of 0.324> 0.05. Regression coefficient value of Operating leverage of 0.001 is positive with a contribution of 16.5%. Hypothesis testing obtained a significance value of 0.368> 0.05. Current coefficient regression value of 0.158 is positive with a contribution of 31.9%. Hypothesis testing obtained a significance value of 0.187> 0.05. Obtained a regression equation Y = 0.110 + 0.009X1 + 0.001X2 + 0.177X3, the regression coefficient value of each positive independent variable with a correlation of 0.927 and a coefficient of determination of 85.8% while the remaining 14.2% is influenced by other factors. Hypothesis testing obtained by calculating Fcount> Ftable or (6.064> 4.120). Thus simultaneously there is a positive and significant effect between financial leverage, operating leverage and current ratio to rentability.


2017 ◽  
Vol 1 (1) ◽  
pp. 1-21 ◽  
Author(s):  
Robi Nugraha

ABSTRACT The purpose of this study was to analyze the influence of capital labour intensive, investment, managerial ownership, operating leverage, dividen and financial leverage on the firm value of Indonesia non financial sector companies, the influence of capital labour intensive, investment, managerial ownership, operating leverage variable on dividen and financial leverage of Indonesia non financial sector companies, and the influence of capital labour intensive, investment, managerial ownership, operating leverage variable on the firm value through dividen and financial leverage as intervening variable. The research data was collected using purposive sampling method to the data of non financial sector companies listed on the Indonesian Stock Exchange during the period 2003-2012. Based on the criteria of the study obtained 310 samples were then analyzed Using the panel data regression and path analysis. The results show that the capital labour intensive, investment, managerial ownership, operating leverage, dividen and financial leverage have significant influences on the firm value of Indonesia non financial sector companies. The capital labour intensive, investment, managerial ownership, operating leverage variable do not have significant influences on dividen. The capital labour intensive, investment, managerial ownership, operating leverage variable have significant influences on financial leverage. With path analysis, the result show the The capital labour intensive, investment, managerial ownership, operating leverage variable do not have significant influence on the firm value of Indonesia non financial sector companies with dividen and financial leverage as intervening variable. Keywords: Capital Labour Intensive, Investment, Managerial Ownership, Operating Leverage, Dividen and Financial Leverage, Firm Value.


2013 ◽  
Vol 39 (6) ◽  
pp. 99-110 ◽  
Author(s):  
Jamie Alcock ◽  
Andrew Baum ◽  
Nicholas Colley ◽  
Eva Steiner

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