INVESTMENT OPPORTUNITY SET AND CAPITAL STRUCTURE ON STOCK RETURN: AN EVIDENCE OF BANK COMPANIES IN LQ45

2020 ◽  
Vol 10 (1) ◽  
pp. 105-114
Author(s):  
Michelle Sabatamia Pardosi
Keyword(s):  
Regression Analysis ◽  
Capital Structure ◽  
Stock Return ◽  
Sampling Method ◽  
Analysis Data ◽  
Investment Opportunity ◽  
Purposive Sampling ◽  
Investment Opportunity Set ◽  
Negative Effect ◽  
Equity Ratio

This purpose of this study aimed to look at the effect of Investment Opportunity Set and Capital Structure on Stock Return at bank companies that are listed in LQ45. The sampling method that is used is purposive sampling. The sample that are collected is from 5 bank companies listed in LQ45 in year 2015-2018. Analysis data using linier regression analysis. Investment Opportunity Set using the CAPBVA proxy and Capital Structure using the Debt to Equity Ratio. The result shows that Investment Opportunity Set does not have a significant effect on Stock Return. And the result shows that Capital Structure have a negative effect on Stock Return.

scholarly journals KEBIJAKAN PEMBAGIAN DIVIDEN KAS DI PERUSAHAAN SUB SEKTOR PERDAGANGAN ECERAN

2021 ◽  
Vol 7 (2) ◽  
pp. 175-186
Author(s):  
Rochman Marota ◽  
Vinna Oktaviani ◽  
Amelia Rahmi
Keyword(s):  
Cash Flow ◽  
Firm Size ◽  
Sampling Method ◽  
Stock Exchange ◽  
Net Income ◽  
Investment Opportunity ◽  
Purposive Sampling ◽  
Investment Opportunity Set ◽  
Operating Cash Flow ◽  
Retail Trading

ABSTRAKTujuan dari penelitian ini adalah untuk menganalisis pengaruh laba bersih, arus kas operasi, investment opportunity set, dan firm size terhadap dividen kas. Penelitian ini dilakukan pada perusahaan sub perdagangan eceran yang terdaftar di Bursa Efek Indonesia periode 2015–2019. Sampel terdiri dari lima perusahaan yang dipilih dengan menggunakan metode purposive sampling. Penelitian ini menggunakan uji regresi linear berganda untuk menguji hipotesis. Hasil pengujian menunjukkan bahwa laba bersih berpengaruh positif terhadap dividen kas, sedangkan arus kas operasi, investment opportunity set, dan firm size tidak berpengaruh. Hal ini dapat menjadi perhatian bagi perusahaan untuk terus meningkatkan kinerja perusahaan dalam menghasilkan laba bersih. Dengan laba yang tinggi, para investor akan lebih tertarik untuk menginvestasikan dananya. ABSTRACTThe purpose of this study is to analyze the effect of net income, operating cash flow, investment opportunity set, and firm size on cash dividends. This research was conducted on sub-retail trading companies listed on the Indonesia Stock Exchange for the 2015–2019 period. The sample consists of five companies, selected using the purposive sampling method. It uses multiple linear regression to test the hypotheses. Results show that net income affects positively cash dividends. While cash flow, investment opportunity set, and firm size does not affect cash dividends. This can be a concern for the company to continue to improve the company's performance in generating net income. With high profits, investors will be more interested in investing their funds.

scholarly journals Pengaruh Konservatisme Dan Investment Opportunity Set (IOS) Terhadap Kualitas Laba dengan Kepemilikan Manajerial Sebagai Pemoderasi

2018 ◽  
pp. 1908
Author(s):  
Putu Astri Yunita ◽  
Herkulanus Bambang Suprasto
Keyword(s):  
Regression Analysis ◽  
Investment Opportunity ◽  
Purposive Sampling ◽  
Investment Opportunity Set

Studi ini meneliti pengaruh konservatisme dan investment opportunity set (IOS) terhadap kualitas laba dengan kepemilikan manajerial sebagai variabel moderasi pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia.Tujuan penelitian ini untuk mengetahui (1) pengaruh konservatisme terhadap kualitas laba, (2) pengaruh IOS terhadap kualitas laba, (3) kepemilikan manajerial memoderasi konservatisme terhadap kualitas laba, (4) kepemilikan manajerial memoderasi IOS terhadap kualitas laba. Populasi pada penelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode pengamatan 2013-2015. Jumlah sampel penelitian ini adalah 63 perusahaan dengan 189 data amatan. Pengambilan sampel dalam penelitian ini menggunakan metode non probability dengan teknik purposive sampling. Teknik analisis data pada penelitian ini menggunakan moderated regression analysis (MRA). Hasil penelitian menunjukkan bahwa tingkat konservatismeberpengaruh positif terhadap kualitas laba, sedangkan IOS berpengaruh negatif terhadap kualitas laba. Penelitian ini tidak mampu membuktikan kepemilikan manajerial memoderasi pengaruh konservatisme dan IOS terhadap kualitas laba. Kata Kunci: konservatisme, investment opportunity set, kualitas laba, kepemilikan manajerial

scholarly journals Pengaruh Profitabilitas pada Kebijakan Dividen dengan Investment Opportunity Set sebagai Variabel Pemediasi

2020 ◽  
Vol 30 (1) ◽  
pp. 212
Author(s):  
Ida Ayu Nabila Meidyna ◽  
Made Mertha
Keyword(s):  
Data Analysis ◽  
Path Analysis ◽  
Empirical Evidence ◽  
Sampling Method ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Investment Opportunity ◽  
Purposive Sampling ◽  
Analysis Technique ◽  
Investment Opportunity Set

The amount of dividends distributed to shareholders depends on the company's dividend policy. This study aims to obtain empirical evidence about the effect of profitability on dividend policy with an investment opportunity set as a mediating variable. This research was conducted at companies classified as LQ45 index on the Indonesia Stock Exchange. The sampling method used was purposive sampling to obtain 87 observations. Data analysis technique used is path analysis. Based on research results, it is known that profitability has a positive and significant effect on investment opportunity set. Profitability has a positive and significant effect on dividend policy. Investment opportunity set has a negative and significant effect on dividend policy. Investment opportunity set is able to mediate the effect of profitability on dividend policy.

scholarly journals Pengaruh Struktur Modal Terhadap Nilai Perusahaan dan Kinerja Perusahaan Pada Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia

2016 ◽  
Vol 3 (1) ◽  
pp. 62-69
Author(s):  
Rizky Mangondu ◽  
Yossi Diantimala
Keyword(s):  
Firm Performance ◽  
Linear Regression ◽  
Capital Structure ◽  
Analytical Method ◽  
Firm Value ◽  
Sampling Method ◽  
Stock Exchange ◽  
Purposive Sampling ◽  
Negative Effect

This study is aimed at examining the effect of capital structure on firm value and firm performance. The population in this research is banking companies listed in Indonesia Stock Exchange for three years (2021-2014). Using purposive sampling method, a sample of 54 companies is obtained. The analytical method used in this research is the analysis of linear regression. The results of this research shows that capital structure have a negative effect on firm value and firm performance.

scholarly journals Determinan Audit Report Lag dan Peran Auditor Spesialisasi Industri Sebagai Pemoderasi Pada Perusahaan Badan Usaha Milik Negara

2020 ◽  
Vol 7 (01) ◽  
pp. 119-136
Author(s):  
Yudhi Prasetiyo Yudhi ◽  
Nurmala Ahmar ◽  
M. Ardiansyah Syam
Keyword(s):  
Regression Analysis ◽  
Firm Size ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Audit Report ◽  
Investment Opportunity ◽  
Industry Specialization ◽  
Purposive Sampling ◽  
Industrial Specialization ◽  
Investment Opportunity Set

ABSTRACT      This study aimed to examine the effect of KAP size, profitability, company size, audit tenure, and investment opportunity set on audit report lag with auditor industry specialization as a moderating variable. This research uses a quantitative method with a descriptive approach. The population in this study is the BUMN Go Public Company listed on the Indonesia Stock Exchange (IDX) in 2014-2018. The sampling technique uses purposive sampling method. The sample in this study were only companies that passed the sample criteria of 100 companies. The data were analyzed uses moderate regression analysis (MRA). The results of this study found that audit tenure had a positive and significant effect on audit report lag, profitability and firm size had a negative effect and significant on audit report lag, and the size of KAP and investment opportunity set had no effect on audit report lag. Then the moderation regression analysis results of this study found that industrial specialization auditors moderate positive toward profitability and firm size against to audit report lag, industrial specialization auditors moderate toward negative audit tenure to audit report lag. Where as industry specialization auditors don’t moderate the KAP size and investment opportunity set of audit report lag. ABSTRAK       Penelitian ini bertujuan untuk menguji pengaruh ukuran KAP, profitabilitas, ukuran perusahaan, audit tenur, dan investment opportunity set terhadap audit report lag dengan auditor spesialisasi industri sebagai variabel moderating. Penelitian ini menggunakan metode kuantitatif dengan pendekatan deskriptif. Populasi dalam penelitian ini adalah Perusahaan BUMN Go Public yang terdaftar di Bursa Efek Indonesia (BEI) tahun 2014-2018. Teknik pengambilan sampel menggunakan metode purposive sampling. Sampel di dalam penelitian ini adalah hanya perusahaan-perusahaan yang lolos mengikuti kriteria sampel sebanyak 100 perusahaan. Analisis data menggunakan moderate regression analys (MRA). Hasil penelitian menunjukkan bahwa audit tenur berpengaruh positif dan signifikan terhadap audit report lag, profitabilitas dan ukuran perusahaan berpengaruh negative dan siginifikan terhadap audit report lag serta ukuran KAP dan investment opportunity set tidak berpengaruh terhadap audit report lag. Kemudian hasil regresi moderasi analisis menunjukan bahwa auditor spesialisasi industri memodersi semu kearah positif profitabilitas dan ukuran perusahaan terhadap audit report lag, auditor spesialisasi industri memodersi semu kearah negative audit tenur terhadap audit report lag Sedangkan auditor spesialisasi industri tidak memodersi ukuran KAP dan investment opportunity set terhadap audit report lag. JEL Classification: M42, D21  

scholarly journals PENGARUH STRUKTUR MODAL DAN PERUBAHAN LABA TERHADAP NILAI PERUSAHAAN PERDAGANGAN ECERAN DI BURSA EFEK INDONESIA

2019 ◽  
Vol 2 (2) ◽  
pp. 180
Author(s):  
Vargo Christian Tobing
Keyword(s):  
Capital Structure ◽  
Firm Value ◽  
Sampling Method ◽  
Stock Exchange ◽  
Retail Trade ◽  
Purposive Sampling ◽  
Equity Ratio ◽  
The Capital Structure

The conduct of this research aims to see how the influence of capital structure and changes in earnings on firm value. The population in this study are retail trade sub-sector companies in the Indonesia Stock Exchange. Determination of the sample using purposive sampling method. The samples studied in this study were 9 companies. The results of the study concluded that the capital structure measured by the ratio of debt to equity ratio has no significant effect on firm value, earnings changes have no significant effect on firm value, and simultaneously, capital structure and earnings changes have no significant effect on firm value.

scholarly journals Apakah Indeks Saham Syariah Indonesia (ISSO) Memediasi Pengaruh Nilai Tukar Terhadap Return Saham Syariah ?

2017 ◽  
Vol 4 (2) ◽  
pp. 185-199
Author(s):  
Sri Hermuningsih ◽  
Hanita Yuniati ◽  
Mujino Mujino
Keyword(s):  
Regression Analysis ◽  
Exchange Rate ◽  
Data Analysis ◽  
Real Estate ◽  
Stock Return ◽  
Sampling Method ◽  
Stock Exchange ◽  
Stock Index ◽  
Purposive Sampling ◽  
Period Data

This study aims to analyze the effect of Exchange Rate on Stock Return with Sharia Stock Index as Mediation. The population in this study is the sharia shares listing on the Indonesia Stock Exchange. Sampling using purposive sampling method, with criteria List of sharia firms in the Property and Real Estate sectors which are categorized as Sharia (ISSI) Index which is constant (fixed) during December 2015-May 2016 period. Data analysis using regression analysis. The result of the research shows that the exchange rate has an effect on the Return of Sharia Shares and Sharia Stock Index of Indonesia influential on Sharia Return Shares. Indonesia Sharia Stock Index is able to mediate between Exchange Rate and Sharia Return Shares Keywords : Nilai Tukar, Indeks Saham Syariah Indonesia, Return Saham Syariah.

scholarly journals PENGARUH IOS PADA NILAI PERUSAHAAN DENGAN KUALITAS LABA SEBAGAI VARIABEL MODERASI

2019 ◽  
Vol 3 (1) ◽  
Author(s):  
Putu Eka Nopiyani ◽  
Ni Made Wulan Sari Sanjaya ◽  
Ni Made Rianita
Keyword(s):  
Regression Analysis ◽  
Firm Value ◽  
Earnings Quality ◽  
Sampling Technique ◽  
Manufacturing Companies ◽  
Investment Opportunity ◽  
Purposive Sampling ◽  
Opportunity Sets ◽  
Analysis Technique ◽  
Investment Opportunity Set

ABSTRAKPenelitian ini dilakukan untuk mendapatkan bukti empiris mengenai pengaruh investment opportunity set pada nilai perusahaan dengan kualitas laba sebagai variabel moderasi. Metode yang digunakan untuk menentukan sampel pada penelitian ini adalah teknik purposive sampling, sehingga diperoleh 38 perusahaan manufaktur sebagai sampel. Teknik analisis data yang digunakan dalam penelitian ini adalah Moderated Regression Analysis (MRA) dengan bantuan aplikasi SPSS 21. Hasil penelitian ini menunjukkan bahwa investment opportunity set tidak berpengaruh pada nilai perusahaan. Kualitas laba mampu memperkuat pengaruh investment opportunity set pada nilai perusahaan. Kata kunci: investment opportunity set; kualitas laba; nilai perusahaan ABSTRACTThis research is conducted to obtain empirical evidence about the effect of investment opportunity set on firm value with earnings quality as moderation variable. The method used to determine the sample in this study is purposive sampling technique, so that obtained 38 manufacturing companies as a sample. Data analysis technique used in this research is Moderated Regression Analysis (MRA) with the help of SPSS 21 application. The results of this study indicate that investment opportunity set has no effect on firm value. The earnings of quality are able to strengthen the influence of investment opportunity sets on the value of the firm. Keywords: Investment Opportunity Set; Earnings Quality; Firm Value

scholarly journals ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI PEMBIAYAAN MURABAHAH DAN PENGARUHNYA TERHADAP RETURN ON ASSET (ROA)

Performance ◽  
2017 ◽  
Vol 24 (1) ◽  
pp. 74
Author(s):  
Firmansyah Romadhona
Keyword(s):  
Regression Analysis ◽  
Panel Data ◽  
Sampling Method ◽  
Operating Income ◽  
Purposive Sampling ◽  
Panel Data Regression ◽  
Data Regression ◽  
Negative Effect ◽  
Positive Effect

This research is an analysis on Sharia Rural Banking (BPRS) Listed on Otoritas Jasa Keuangan website (www.ojk.go.id) during Year 2012 – 2015. The research entitled “Analysis variables that influence Murabahah Financing and influence to Return on Asset (Study on Sharia Rural Banking  on Indonesia during Year 2012 – 2015)”. The purpose of this research is to analyze the influence of non performing financing, wadiah savings, financing to deposit ratio, operating expenses operating income toward murabahah financing and influence to return on asset. This research used panel data regression analysis as model to test the hypothesis. The population in this research was Sharia Rural Banking (BPRS) on Indonesia during Year 2012 – 2015 consisting of 168 banks. While the samples of this research were taken by purposive sampling method which were 25 banks. The result of this research showed that: (1) non performing financing has no effect toward murabahah financing, (2) wadiah savings had positive effect toward murabahah financing, (3) financing to deposit ratio has no effect toward murabahah financing, (4 operating expenses operating income had negative effect toward murabahah financing, (5 murabahah financing had positive effect toward return on asset. Implication based on result of this research was the management need to increase wadiah savings and need to decrease operating expenses operating income because it can increase the murabahah financing. The management also needs to increase murabahah financing, because it is in this research is proven to increase the return on asset.

scholarly journals INVESTMENT OPPORTUNITY SET (IOS) SEBAGAI PEMODERASI PENGARUH PROFITABILITAS DAN KEPEMILIKAN MANAJERIAL TERHADAP KEBIJAKAN UTANG

2018 ◽  
pp. 856
Author(s):  
AA Putri Rahayu ◽  
Gerianta Wirawan Yasa
Keyword(s):  
Regression Analysis ◽  
Investment Opportunity ◽  
Purposive Sampling ◽  
Investment Opportunity Set

Penelitian ini bertujuan untuk mengetahui pengaruh profitabilitas dan kepemilikan manajerial terhadap kebijakan utang yang di moderasi oleh Investment Opportunity Set (IOS). Penelitian ini dilakukan pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) periode 2012-2014. Jumlah sampel yang diperoleh sebanyak 126 perusahaan, dengan metode penentuan sampel purposive sampling. Teknik analisis data yang digunakan adalah Moderated Regression Analysis (MRA). Berdasarkan hasil analisis ditemukan bahwa profitabilitas tidak berpengaruh negatif terhadap kebijakan utang. Kepemilikan manajerial berpengaruh negatif terhadap kebijakan utang. Investment opportunity set (IOS) tidak mampu memperkuat pengaruh negatif profitabilitas terhadap kebijakan utang. Investment opportunity set (IOS) memperlemah pengaruh negatif  kepemilikan manajerial terhadap kebijakan utang.

Sign in / Sign up

Export Citation Format

Share Document