scholarly journals Pengaruh Earning Per Share, Struktur Modal, Suku Bunga, dan Inflasi Terhadap Harga Saham pada Perusahaan Consumer Goods yang Terdaftar di BEI Tahun 2017-2019

2021 ◽  
Vol 21 (2) ◽  
pp. 597
Author(s):  
Ike Rukmana Sari ◽  
Patricia Patricia ◽  
Silvia Silvia
Keyword(s):  
Regression Analysis ◽  
Capital Structure ◽  
Interest Rates ◽  
Consumer Goods ◽  
Sampling Technique ◽  
Share Price ◽  
Test Results ◽  
Share Capital ◽  
Share Prices ◽  
Research Show

The research we conducted was to determine the effect, analyze, and also get an understanding of whether Earning Per Share, Capital Structure (DER), Interest Rates, and Inflation simultaneously or partially affect Share Prices inCompanies Consumer Goods Listed on the IDX in 2017-2019. The population in this study were 50 companies and there were 60 companies that met the criteria as a sample with a purposive sampling technique. Multiple regression analysis and classical assumption test are the methods researchers use in this research. The results of the F test in this research show that simultaneously Earning Per Share, Capital Structure (DER), Interest Rates, and Inflation have an effect on share prices inCompanies Consumer Goods Listed on the IDX in 2017-2019. In the t test results, the variable Earning Per Share has an influence on the share price ofcompanies consumer goods listed on the IDX in 2017-2019, Capital Structure (DER) has an influence on the share price ofcompanies consumer goods listed on the IDX in 2017-2019, Interest Rates has no influence on the share price ofcompanies consumer goods listed on the IDX in 2017-2019, inflation has no effect on the share price ofcompanies consumer goods listed on the IDX in 2017-2019.

scholarly journals PENGARUH LIKUIDITAS DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Equity ◽  
2017 ◽  
Vol 20 (1) ◽  
pp. 35
Author(s):  
Maria Dominika Edo Hera ◽  
Dahlia Br Pinem
Keyword(s):  
Capital Structure ◽  
Path Analysis ◽  
Consumer Goods ◽  
Firm Value ◽  
Sampling Method ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Direct Influence ◽  
Test Results ◽  
Significance Level

The purpose of this study was to examine the effect of liquidity and capital structure on firm value with profitability as intervening variable. The population in this study is the consumer goods sector companies listed in the Indonesia Stock Exchange from 2013-2016. Sampling technique using purposive sampling method, with samples produced as many as 20 companies from 37 companies of consumer goods sector. This hypothesis testing uses Path Analysis with E-Views 9.0 and a significance level of 5%. Test results of the testing showed that (1) liquidity has a significant effect on profitability with significance level 0,0192 < 0,05. (2) capital structure has a significant effect on profitability with a significance level of 0.0003 < 0,05. (3) liquidity has no effect on firm value because of the significance level of 0.09982> 0.05. (4) capital structure has a significant effect on firm value with significance level 0,0000 < 0,05. (5) profitability has a significant effect on firm value with significance level of 0.0001 < 0,05. (6) liquidity and capital structure has no effect on firm value through profitability because the indirect influence of both variables is smaller than direct influence.

scholarly journals PENGARUH LIKUIDITAS DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Equity ◽  
2017 ◽  
Vol 20 (1) ◽  
pp. 35
Author(s):  
Maria Dominika Edo Hera ◽  
Dahlia Br Pinem
Keyword(s):  
Capital Structure ◽  
Path Analysis ◽  
Consumer Goods ◽  
Firm Value ◽  
Sampling Method ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Direct Influence ◽  
Test Results ◽  
Significance Level

The purpose of this study was to examine the effect of liquidity and capital structure on firm value with profitability as intervening variable. The population in this study is the consumer goods sector companies listed in the Indonesia Stock Exchange from 2013-2016. Sampling technique using purposive sampling method, with samples produced as many as 20 companies from 37 companies of consumer goods sector. This hypothesis testing uses Path Analysis with E-Views 9.0 and a significance level of 5%. Test results of the testing showed that (1) liquidity has a significant effect on profitability with significance level 0,0192 < 0,05. (2) capital structure has a significant effect on profitability with a significance level of 0.0003 < 0,05. (3) liquidity has no effect on firm value because of the significance level of 0.09982> 0.05. (4) capital structure has a significant effect on firm value with significance level 0,0000 < 0,05. (5) profitability has a significant effect on firm value with significance level of 0.0001 < 0,05. (6) liquidity and capital structure has no effect on firm value through profitability because the indirect influence of both variables is smaller than direct influence.

scholarly journals IMPACT OF DIVIDEND PER SHARE ON SHARE PRICES OF SELECTED CONSUMER GOODS FIRMS LISTED IN THE NIGERIA STOCK EXCHANGE

2021 ◽  
pp. 142-155
Author(s):  
Egolum Priscilla. U ◽  
Onyeogubalu Ogochukwu. N
Keyword(s):  
Consumer Goods ◽  
Stock Exchange ◽  
Investment Decisions ◽  
Sampling Technique ◽  
Share Price ◽  
Linear Regression Models ◽  
Share Prices ◽  
Independent Variable ◽  
Level Of Significance ◽  
The Impact

Prospective investors in the Stock Exchange desire empirical based analysis of firms’ performance to guide their investment decisions. This study examined the impact of quantitative factor, dividend per share (DPS) on determination of share prices of the selected consumer goods firms listed in the Nigeria Stock Exchange over the period 2009-2018. One hypothesis anchoring on the impact of independent variable DPS on the share prices was formulated for testing in this study. Judgmental sampling technique was adopted in the study. Annual financial statements of the selected firms were used for the study. Ratio analysis, correlation and linear regression models were used to measure the impact of the independent variable on the Share price (SP), the dependent variable. Paired sample t-test was used to test the hypotheses at 5% level of significance. The empirical findings show that, there is a positive correlation between the independent variable (DPS). DPS is accountable for about 21.7% changes in the share prices of consumer goods firms listed in the Nigeria Stock Exchange. Investors are enjoined to carefully scrutinize the trend in the DPS of the consumer goods company listed in Nigeria Stock Exchange among other variables before investing their funds; doing so will lead them to making good and viable investment decisions. Management of the consumer goods firms should also strive to operate optimal dividend policy that will not be detrimental to the share price of its organization. KEY WORDS: Dividend per share, share price, Stock Exchange, consumer goods firms.

Effect Of Leverage, Inflation And GDP To Share Price Pt. Astra Otoparts Tbk.

ProBank ◽  
2018 ◽  
Vol 3 (2) ◽  
pp. 17-21
Author(s):  
Heriyanta Budi Utama ◽  
Florianus Dimas Gunurdya Putra Wardana
Keyword(s):  
Gross Domestic Product ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Share Price ◽  
Domestic Product ◽  
Coefficient Of Determination ◽  
Test Results ◽  
Purposive Sampling

The purpose of this study was to obtain empirical evidence about the effect of leverage, inflation and Gross Domestic Product (GDP) of the share price at PT. Astra Autopart, Tbk. companies in Indonesia Stock Exchange in 2011-2015. The sampling technique in this study using a purposive sampling. With the technique of purposive  sampling, all the members of the research samples by criteria. Samples that meet the criteria are used research data. Then followed the classic assumption test and test hypotheses by linear regression. The results of this study demonstrate the regression results in regression equation that Y = 2605,424 + 1561,550 X1 + 2,338 X2 + 38,994X3. T test results showed that the leverage anda GDP (Gross Domestic Product) is positive and significant effect on stock prices, while inflation is not positive and significant effect on stock prices. F test results showed that jointly leverage variables, inflation and GDP variables affecting the stock price significantly. The test results R2 (coefficient of determination) found that the variable leverage, inflation and GDP able to explain 35,4% of the stock price variable, while the remaining 64,6% is explained by other variables.Keywords: leverage, inflation, GDP, and the share priceThe purpose of this study was to obtain empirical evidence about the effect of leverage, inflation and Gross Domestic Product (GDP) of the share price at PT. Astra Autopart, Tbk. companies in Indonesia Stock Exchange in 2011-2015.The sampling technique in this study using a purposive sampling. With the technique of purposive  sampling, all the members of the research samples by criteria. Samples that meet the criteria are used research data. Then followed the classic assumption test and test hypotheses by linear regression.The results of this study demonstrate the regression results in regression equation that Y = 2605,424 + 1561,550 X1 + 2,338 X2 + 38,994X3. T test results showed that the leverage anda GDP (Gross Domestic Product) is positive and significant effect on stock prices, while inflation is not positive and significant effect on stock prices. F test results showed that jointly leverage variables, inflation and GDP variables affecting the stock price significantly. The test results R2 (coefficient of determination) found that the variable leverage, inflation and GDP able to explain 35,4% of the stock price variable, while the remaining 64,6% is explained by other variables.Keywords: leverage, inflation, GDP, and the share price

scholarly journals Key Fundamental Factors and Long-run Price Changes in an Emerging Market—A Case Study of Karachi Stock Exchange (KSE)

2002 ◽  
Vol 41 (4II) ◽  
pp. 517-533 ◽  
Author(s):  
Mohammad Irfan Chaudhary ◽  
Mohammed Nishat
Keyword(s):  
Capital Structure ◽  
Stock Exchange ◽  
Emerging Market ◽  
Share Price ◽  
Relevant Factor ◽  
Direct Relation ◽  
Price Changes ◽  
Important Indicator ◽  
Share Prices ◽  
Long Run

Share prices are the most important indicator readily available to the investors for their decision to invest or not in a particular share. Theories suggest that share price changes are associated with changes in fundamental variables which are relevant for share valuation like payout ratio, dividend yield, capital structure, earnings size of the firm and its growth, [Wilcox (1984); Rappoport (1986); Downs (1991)]. Linter (1956) linked dividend changes to earnings while Shapiro valuation model (1962) showed dividend streams discounted by the difference in discount rate and growth in dividend should be equal to share price. This predicts direct relation between pay out ratio and the price-earning multiple. Conversely it means that there is an inverse relation between pay out ratio and share price changes. Several eventbased studies established direct relation between share price changes and either earnings or dividend changes [Ball and Brown (1968); Baskin (1989)]. Sharpe (1964) and Hamada (1972) suggested direct relation between share price changes and capital structure. Beaver, Kettler and Sholes (1970) showed that firms appear to pay less of their earnings if they have higher earning volatility. This suggests payout ratio as relevant factor for share price changes. Investigations of share price changes appear to yield evidence that changes in fundamental variable(s) should jointly bring about changes in share prices both in developed and emerging markets. However, the actual fundamental factors found to be relevant may vary from market to market. For example, changes in asset growth of firms are significant in the case of Japanese shares while earnings appear to be universally a relevant factor [Ariff, et al. (1994)]. However, it is widely agreed that a set of fundamental variables as suggested by individual theories is no doubt relevant as possible factors affecting share price changes in the short and the long-run [Ariff and Khan (2000)].

scholarly journals PENGARUH MODAL SENDIRI DAN MODAL PINJAMAN TERHADAP SISA HASIL USAHA (SHU) KOPERASI KOTA SUKABUMI

2017 ◽  
Vol 3 (2) ◽  
pp. 53
Author(s):  
Tria Rohmansyah ◽  
Sudarijati Sudarijati
Keyword(s):  
Regression Analysis ◽  
Multiple Regression Analysis ◽  
Multiple Regression ◽  
Sampling Technique ◽  
T Test ◽  
Net Income ◽  
Test Results ◽  
Net Profit ◽  
Quantitative Descriptive ◽  
Research Analysis

This research purpose how the influence of their own capital and loan capital of net income cooperative in Sukabumi City. This research is quantitative descriptive study using multiple regression analysis. The sampling technique used was purposive sampling where the sampling is based on certain criteria. From the established criteria, obtained 11 (eleven) sample cooperative in sukabumi city with the observation period of 2 (two) years for each sample cooperative. The research analysis tools using multiple regression analysis. Simultaneous hypothesis testing using the F and partial test using t-test with a probability level of 5 percent (0,05). F-test result explain that the own capital and loan capital Simultaneous have a positive and significant effect on net income cooperative. t-test results showed that the own capital have a positive and significant effect on net income. While loan capital is not have significant impact on net income cooperative in Sukabumi City.Key words : Equity, Loan Capital, Net Profit Margin

scholarly journals PENGARUH PROFITABILITAS, RISIKO BISNIS DAN TINGKAT SUKU BUNGA TERHADAP STRUKTUR MODAL (Perusahaan Transportasi Periode 2012-2015)

2019 ◽  
Vol 8 (4) ◽  
pp. 2152
Author(s):  
Ira Puspita ◽  
Sayu Ketut Sutrisna Dewi
Keyword(s):  
Interest Rate ◽  
Capital Structure ◽  
Interest Rates ◽  
Sampling Technique ◽  
Business Risk ◽  
Analysis Method ◽  
Financial Decisions ◽  
Total Debt ◽  
Negative Effect ◽  
Positive Effect

Capital structure is part of the financial structure that keeps the balance between total debt with own capital. The high capital structure will reflect how the company's financial position. Capital structure decisions are one of the key financial decisions in financing assets and increasing business capital. This study aims to find out how the influence of profitability, business risk and interest rates on capital structure. The sample in this research is transportation company starting from 2012-2015 which amounts to 24 companies, with sampling technique using purposive sampling. Based on multiple linier regression analysis method, this research found that profitability have significant positive effect to capital structure, business risk and interest rate have significant negative effect to capital structure.Keywords: Capital structure, profitability, business risk, interest rate.

scholarly journals Capital Structure and Its Role on Performance of Microfinance Institutions: The Ugandan Case

2013 ◽  
Vol 2 (3) ◽  
pp. 86 ◽  
Author(s):  
Haruna Sekabira
Keyword(s):  
Food Security ◽  
Capital Structure ◽  
Central Bank ◽  
Interest Rates ◽  
Poverty Reduction ◽  
Financial Sustainability ◽  
Microfinance Institutions ◽  
Share Capital ◽  
Funding Sources ◽  
Promising Tool

<p>Micro Finance Institutions (MFIs) rejuvenate economic prowess in developing countries, after severe shocks like wars, droughts and floods. MFIs are a promising tool to tackle poverty and improve food security. Sustainability of MFIs based on their capital structure ensures sustainability in poverty reduction and improved food security. The limited literature on the impacts of capital structures on MFI performance necessitated the study. Panel data from 14 MFIs was collected based on availability and accessibility. The sources of data were financial and income statements covering five years. Econometric analysis using STATA software was done following methodologies of Bogan and Rosenberg. MFIs lent to both individuals and groups and 79% were not regulated by the Central Bank, 86% had their funding sources as loans, grants, excluding deposits/savings and 73% attained operational self-sufficiency. Debt and grants were negatively correlated to operational and financial sustainability. When sustainability was more constricted to financial sustainability, debt and share capital remained noteworthy. Other than grants, debt was paid back on competitive market interest rates most especially debts from money lenders, whereas share capital fetched in revenues to the MFIs at market interest rates from the borrowers. Grants and debt had a substantialdamagingconsequence on MFI performance. Capital structure was essential in MFIs’ sustainability. MFI specific characteristics, like management were also important. Subject to sampling uncertainties, the results indicate that adding to regulation by Central Bank, MFIs must specialize their lending to reduce portfolio at risk. MFIs must reduce dependence on debts and grants and resort to accumulating share capital for long-term sustainability.</p>

scholarly journals The influence of profitability, size, and growth on the capital structure in consumer goods companies

2019 ◽  
Vol 7 (2) ◽  
Author(s):  
Yovilanda Anggraeni Puspitasari ◽  
Diah Ekaningtias
Keyword(s):  
Regression Analysis ◽  
Capital Structure ◽  
Consumer Goods ◽  
Stock Exchange ◽  
Study Data ◽  
Optimal Capital Structure ◽  
Internal Funds ◽  
Optimal Capital ◽  
Operational Activities ◽  
The Capital Structure

Capital structure is a very important element needed by companies to conduct the companies’ operational activities. Companies must determine whether to use internal funds first or external funds to finance investment in getting an optimal capital structure. The purpose of this study is to examine the influence of the variables of profitability, size and growth on the capital structure in consumer goods companies. Multiple regression analysis is used to analyze the data in this study. Data analysis is conducted on consumer goods companies listed on the Indonesia Stock Exchange period 2012-2016. Based on the analysis, it is found that profitability, size, and growth have an effect on capital structure in consumer goods companies listed on the Indonesia Stock Exchange 2012-2016.

scholarly journals PENGARUH KETERAMPILAN TERHADAP PRODUKTIVITAS KERJA KARYAWAN PADA KONVEKSI ISTANA MODE MADIUN

2016 ◽  
Vol 4 (1) ◽  
pp. 96 ◽  
Author(s):  
Wiwin Wiranti
Keyword(s):  
Regression Analysis ◽  
Data Collection ◽  
Statistical Methods ◽  
Significant Relationship ◽  
Work Productivity ◽  
Sampling Technique ◽  
T Test ◽  
Employee Productivity ◽  
Test Results ◽  
F Test

<p>This  study aims to determine  tbe Employee   Skills in the Konveksi  Istana  Mode Madiun,  to determine  Employee  Productivity  in the Konveksi  Istana Mode Madiun,  as well as  to  determine   the  presence   or  absence   of  Vocational   Effect   on  Productivity   Among Employees   at the Konveksi  Istana  Mode  Madiun.  The  samples  in this  study  is purposive sampling   technique   that  all  employees   at  the  Konveksi   Istana   Mode   Madiun   part  of convection,   amounting  to 30 people.  Data  collection  using  questionnaires,   documentation and interviews.In    analyzing  the data using statistical  methods  Product  Moment,  To test this hypothesis   using the r test, F test and t test. The results  of the regression  analysis  ofY  = a +bX, the result Y = 11,737 + 0,757X,  to test that rcount  &gt; r liable  (0.784  &gt; 0.361),  or may be rejected  HO means  that there  is a skills  significant  relationship   with  work  productivity   of employee  at the Konveksi  Istana  Mode  Madiun.  Furthermore,   also obtained  results  which indicate that the F test ofF count &gt;F table (44,5752::4.196)  or ::;;Sighit Sigprob  (0,000 ::;;0.05). Thus HO is rejected,  it means  there is an overall  effect of skills on labor productivity   at the Konveksi  Istana  Mode  Madiun.  In addition,  the t-test results  obtained  thit&gt;  ttab  (6.676  &gt; 2.048) or Sig hit &lt; Sig prob (0.000 &lt; 0.025) this situation  can be said to be no different  from the effect of employee  skills on work productivity  of employee  at the Konveksi  Istana Mode Madiun.</p>

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