PENGARUH PROFITABILITAS, LIKUIDITAS, LEVERAGE, KEBIJAKAN DIVIDEN, DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN

Penelitian ini bertujuan untuk mengetahui secara empiris pengaruh profitabilitas, likuiditas, leverage, kebijakan dividen, dan ukuran perusahaan terhadap nilai perusahaan. Populasi dalam penelitian ini adalah perusahaan sektor real estate, properti, dan konstruksi bangunan yang terdaftar di Bursa Efek Indonesia tahun 2014-2016. Pengambilan sampel ditentukan dengan menggunakan metode purposive sampling sehingga didapat 22 perusahaan. Jenis data yang digunakan adalah data sekunder yang diperoleh dari www.idx.co.id. Metode analisis yang digunakan adalah analisis regresi berganda. Hasil yang ditunjukkan pada penelitian ini menunjukkan bahwa rasio profitabilitas yang diproksikan dengan Return on Assets (ROA), likuiditas yang diproksikan dengan Current Ratio (CR), kebijakan dividen yang diproksikan dengan Dividend Payout Ratio (DPR), dan ukuran perusahaan yang diproksikan dengan logaritma natural total aset berpengaruh terhadap nilai perusahaan, sedangankan leverage yang diproksikan dengan Debt to Equity Ratio (DER) tidak berpengaruh terhadap nilai perusahaan.

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Pengaruh Profitabilitas, Likuiditas, Leverage, Kebijakan Dividen, dan Ukuran Perusahaan Terhadap Nilai Perusahaan

JBMI (Jurnal Bisnis, Manajemen, dan Informatika) ◽

10.26487/jbmi.v16i1.4041 ◽

2019 ◽

Vol 16 (1) ◽

pp. 1-21

Author(s):

Fakhrana Oktaviarni

Keyword(s):

Real Estate ◽

Return On Assets ◽

Current Ratio ◽

Dividend Payout ◽

Purposive Sampling ◽

Equity Ratio

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Kinerja Keuangan Perusahaan dan Risiko Saham Serta Dampaknya Terhadap Return Saham

Jurnal Manajemen dan Bisnis Indonesia ◽

10.31843/jmbi.v4i1.99 ◽

2016 ◽

Vol 4 (1) ◽

pp. 1-15

Author(s):

Belinda Yuniandri Standyarto ◽

Nicodemus Simu

Keyword(s):

Real Estate ◽

Key Words ◽

Return On Assets ◽

Current Ratio ◽

Purposive Sampling ◽

Equity Ratio

Penelitian ini bertujuan untuk mengetahui dampak Current Ratio, Debt to Equity Ratio, Return on Asset dan beta terhadap return saham. Unit analisis adalah perusahaan subsektor property dan real estate pada Bursa Efek Indonesia. Variabel Prediktor yang digunakan dalam penelitian ini adalah current ratio, debt to equity ratio, return on assets, dan beta. Sementara variabel dependennya adalah return saham. Teknik pengambilan sampel yang digunakan adalah purposive sampling, dengan kriteria, yaitu (1) perusahaan Property dan Real Estate yang secara konsisten tercatat di Bursa Efek Indonesia periode 2011 â€“ 2015 dan (2) mempublikasikan laporan keuangan tahunan yang telah diaudit dan tersedia di www.idx.co.id pada Juli 2016. Jumlah sampel yang digunakan dalam penelitian adalah 32 perusahaan dan dengan demikian diperoleh 160 data observasi. Metode analisis yang digunakan adalah analisis regresi berganda, serta uji hipotesis dilakukan melalui uji-t. Berdasarkan hasil analisis data yang telah dilakukan DER dan ROA memiliki pengaruh positif signifikan terhadap return saham. Sedangkan, variabel lainnya yaitu CR dan beta tidak memiliki pengaruh terhadap return saham. Key words: Current Ratio, Debt to Equity Ratio, Return on Asset, Beta, Return saham

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Faktor-Faktor Yang Mempengaruhi Harga Saham Perusahaan Sub Sektor Property dan Real Estate

Jurnal Ilmiah Universitas Batanghari Jambi ◽

10.33087/jiubj.v20i1.814 ◽

2020 ◽

Vol 20 (1) ◽

pp. 174

Author(s):

Delala Yuvita Sari ◽

Riana Rahmawati Dewi ◽

Rosa Nikmatul Fajri

Keyword(s):

Real Estate ◽

Stock Prices ◽

Linear Regression Analysis ◽

Sampling Technique ◽

Return On Assets ◽

Current Ratio ◽

Return On Equity ◽

Purposive Sampling ◽

Earnings Per Share ◽

Equity Ratio

This study aims to analyze the effect of return on assets (ROA), return on equity (ROE), earnings per share (EPS), current ratio (CR), debt to equity ratio (DER) on stock prices. The sampling technique uses purposive sampling. Based on purposive sampling, 34 samples of property and real estate companies listed on the Indonesia Stock Exchange for the period of 2016-2018 were obtained in accordance with predetermined criteria, so that the total sample of 102 total were ready to be processed. The data analysis method used in this study is multiple linear regression analysis. The results of this study prove that earnings per share variable has a positive and significant effect on stock prices. Conversely the current ratio variable has a negative and significant effect on stock prices, while the variable return on assets, return on equity, debt to equity ratio has no effect on stock prices.

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Pengaruh Current Ratio, Debt to Equity Ratio, Dan Return on Assets terhadap Kebijakan Deviden pada Perusahaan Property dan Real Estate yang Terdaftar di Bursa Efek Indonesia

Journal of Economic Bussines and Accounting (COSTING) ◽

10.31539/costing.v4i1.1348 ◽

2020 ◽

Vol 4 (1) ◽

pp. 82-89

Author(s):

Enda Noviyanti Simorangkir ◽

Teguh Hakim Prajoggi ◽

Enzelina Enzelina ◽

Edo Hasugian ◽

Desy Desy

Keyword(s):

Real Estate ◽

Dividend Policy ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Sampling Technique ◽

Coefficient Of Determination ◽

Return On Assets ◽

Current Ratio ◽

Dividend Payout ◽

Equity Ratio

In investing capital an investor needs a company's financial statements that will help in making investment decisions. This study aims to analyze and test the effect of the current ratio, debt to equity ratio, return on assets on dividend payout ratios in property and real estate companies listed on the Indonesia Stock Exchange (IDX) for the 2015-2017 period. The research method in this study uses a quantitative approach. There were 46 companies that were used as populations in this study and by using a purposive sampling technique 13 samples were also obtained. The data analysis testing method used is multiple linear regression analysis using the classic assumption test. The results of this study show that the current ratio, debt to equity ratio, and return on assets have a simultaneous effect on dividend policy on property and real estate companies listed on the IDX for the 2015-2017 period with a Fcount value of 4.309> Ftable of 2, 87. Partially the debt to equity ratio, return on assets has no effect on dividend policy while the current ratio partially has a positive effect on dividend policy. The results of the analysis of the coefficient of determination show the Adjusted R2 value of 0.207, meaning that the variation in the variable dividend payout ratio can be explained by variations in the current ratio variable, debt to equity ratio and return on assets by 20.7% while the remaining 70.3%, is described by other variables outside research. Keywords: Current Ratio (CR), Debt to Equity Ratio (DER), Return on Assets (ROA) and dividend policy

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Pengaruh Current Ratio, Debt to Equity Ratio, Return on Assets, Growth dan Firm Size terhadap Kebijakan Dividen: Studi pada Perusahaan yang Tercatat Aktif di BEI yang Membagikan Dividen Periode 2012-2015

Jurnal Akuntansi Maranatha ◽

10.28932/jam.v12i1.2290 ◽

2020 ◽

Vol 12 (1) ◽

pp. 84-98

Author(s):

Mikael Abraham Deswanto Prabowo ◽

Clara Alverina

Keyword(s):

Firm Size ◽

Stock Exchange ◽

Sampling Technique ◽

T Test ◽

Return On Assets ◽

Current Ratio ◽

Dividend Payout ◽

Purposive Sampling ◽

Independent Variables ◽

Equity Ratio

This paper aims to determine the effect of liquidity, solvency, profitability, growth and firm size on the dividend payout ratio. Population and sample are companies that routinely distribute dividends that are listed on the Indonesia Stock Exchange website during the period of 2012 to 2015. To obtain valid research results, the sampling technique used in this study was using purposive sampling technique. The method of analysis is done by using classical testing on five independent variables then F test and t test.

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ANALISIS PENGUKURAN KINERJA KEUANGAN PASCA MERGER DAN AKUISISI PADA PERUSAHAAN YANG TERDAFTAR DI BEI

Jurnal Benefita ◽

10.22216/jbe.v2i3.1435 ◽

2017 ◽

Vol 2 (3) ◽

pp. 230

Author(s):

Edi Edi ◽

Sylvia Rusadi

Keyword(s):

Financial Performance ◽

Merger And Acquisition ◽

Significant Decline ◽

T Test ◽

Return On Assets ◽

Current Ratio ◽

Net Worth ◽

Paired Sample ◽

Purposive Sampling ◽

Equity Ratio

This paper examineaneffect of the financial performance of post-merger and acquisition. The financial performance is measured by using ratios, such as return on net worth, return on assets, current ratio, quick ratio, and debt to equity ratio.The samples are firms which did merger and acquisition activity during the years 2003-2011 and that listed on Indonesia Stock Exchange. Data which used in this research is the annual financial report three years before and three years after the mergers and acquisitions by using purposive sampling method. Analysis of the data used to test the hypothesis using paired sample t-test. The results of this study indicate merger firms are having decline performance, debt to equity ratio show significant decline, and other ratios also got decline, though not significant. On the other side, return on net worth and return on assets has significant decline after acquisition, except for current ratio which have insignificant decline after acquisition. Quick ratio and debt to equity ratio has insignificant improvements after acquisition. Artikel ini meneliti pengaruh kinerja keuangan pasca merger dan akuisisi. Kinerja keuangan diukur dengan menggunakan rasio, seperti return on net worth, return on asssets, current ratio, quick ratio, dan debt to equity ratio.Sampel yang digunakan adalah perusahaan yang melakukan aktivitas merger dan akuisisi selama tahun 2003-2011 dan yang terdaftar di Bursa Efek Indonesia. Data yang digunakan dalam penelitian ini adalah laporan keuangan tahunan 3 tahun sebelum dan 3 tahun sesudah merger dan akuisisi dengan menggunakan metode purposive sampling. Analisis data yang digunakan untuk uji hipotesis menggunakan paired sample t-test.Hasil dari penelitian ini menunjukkan bahwa perusahaan merger mengalami penurunan kinerja, debt to equity ratio menunjukkan penurunan yang signifikan, dan rasio lainnya juga mendapat penurunan, meskipun tidak signifikan. Di sisi lain, return on net worth dan return on assets memiliki penurunan yang signifikan setelah akuisisi, kecuali untuk current ratio yang memiliki penurunan yang tidak signifikan setelah akuisisi. Quick ratio dan debt to equity ratio memiliki peningkatan yang tidak signifikan setelah akuisisi.

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KINERJA KEUANGAN DAN PERTUMBUHAN LABA ( Studi Empiris : Perusahaan Sub Sektor Properti dan Real Estate yang terdaftar di Bursa Efek Indonesia tahun 2012-2016 )

JURNAL ILMIAH EDUNOMIKA ◽

10.29040/jie.v3i01.410 ◽

2019 ◽

Vol 3 (01) ◽

Author(s):

Nor Hanisah ◽

Kartika Hendra Titisari ◽

Siti Nurlaela

Keyword(s):

Real Estate ◽

Profit Margin ◽

Total Asset ◽

Current Ratio ◽

Return On Equity ◽

Purposive Sampling ◽

Net Profit ◽

Asset Turnover ◽

Equity Ratio

Penelitian ini bertujuan untuk mengetahui apakah ada pengaruh variabel independen (CR, DER, DAR, NPM, ROE, ROA, TAT) terhadap variabel dependen (pertumbuhan laba). Jenis penelitian ini adalah penelitian kuantitatif. Penelitian dilakukan pada perusahaan property dan real estate yang terdaftar di BEI dengan jumlah sampel 23 perusahaan dan jangka waktu 5 tahun yaitu pada tahun 2012-2016. Metode pengambilan sampel yaitu menggunakan metode purposive sampling. Metode analisis data yang digunakan dalam penelitian yaitu meliputi statistik deskriptif, uji asumsi klasik (uji normalitas, uji autokorelasi, uji multikolinearitas, dan uji heteroskedasitas), uji hipotesis (analisis regresi linier berganda, uji t, dan analisis koefisien determinasi (R2)). Berdasarkan hasil pengujian secara parsial debt to asset ratio (DAR), net profit margin (NPM), return on equity (ROE), dan total asset turnover (TAT) berpengaruh terhadap pertumbuhan laba perusahaan sedangkan current ratio (CR), debt to equity ratio (DER), dan return on asset (ROA) tidak berpengaruh terhadap pertumbuhan laba perusahaan. Kata Kunci : Likuiditas, Leverage, Profitabilitas, Aktivitas, dan Pertumbuhan Laba.

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ANALISIS PENGARUH PROFITABILITAS LIKUIDITAS DAN PERTUMBUHAN PERUSAHAAN TERHADAP KEBIJAKAN UTANG SERTA DAMPAKNYA TERHADAP TARIF PAJAK EFEKTIF

Jurnal Riset Ekonomi dan Bisnis ◽

10.26623/jreb.v11i1.1075 ◽

2018 ◽

Vol 11 (1) ◽

pp. 22

Author(s):

Sri Sarwoasih ◽

Indarto Indarto

Keyword(s):

Hypothesis Test ◽

Test Model ◽

Sales Growth ◽

Effective Tax Rate ◽

Return On Assets ◽

Current Ratio ◽

Tax Rate ◽

Purposive Sampling ◽

Equity Ratio ◽

Asset Growth

Penelitian ini bertujuan untuk mengetahui pengaruh profitabilitas yang diproksikan dengan return on asset, pengaruh likuiditas yang diproksikan dengan current ratio serta pengaruh pertumbuhan perusahaan yang diproksikan dengan asset growth dan sales growth terhadap effective tax rate dengan debt to equity ratio sebagai variable intervening dan untuk mengetahui pengaruh return on asset dan sales growth secara langsung terhadap effective tax rate. Jenis data yang digunakan berupa data kuantitatif dengan metode purposive sampling, sampel penelitian adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia tahun 2014–2016 sejumlah 108 sampel. Hasil uji hipotesis menyatakan return on asset dan current ratio berpengaruh signifikan terhadap debt to equity ratio, asset growth dan sales growth tidak berpengaruh signifikan terhadap debt to equity ratio, debt to equity ratio, return on asset, dan sales growth berpengaruh signifikan terhadap effective tax rate. Hasil sobel test model 1 : debt to equity ratio berhasil memediasi return on asset dan effective tax rate, Model 2 : debt to equity ratio tidak berhasil memediasi sales growth dan effective tax rate.This research aims to determine the effect of profitability proxies by return on assets, the influence of liquidity proxies by current ratio and the influence of the company’s growth proxies by asset growth and sales growth to the effective tax rate to the debt to equity ratio as intervening variable and to know the effect of return on asset and sales growth directly to effective tax rate. The types of data used in the form of quantitative data with using purposive sampling method, the sample research is a manufacturing company listed on the Indonesia Stock Exchange in 2014-2016 with number of samples are 108. Hypothesis test result : return on asset and current ratio has significant effect to debt to equity ratio, asset growth and sales growth has not significant effect on debt to equity ratio, debt to equity ratio, return on asset and sales growth has a significant effect on effective tax rate. The results of the sobel test model 1: debt to equity ratio succeed in mediating return on assets and effective tax rate, Model 2: debt to equity ratio did not succeed in mediating sales growth and effective tax rate.

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CREATIVE ACCOUNTING BEHAVIOUR : MENCERMINKAN KINERJA BAIK ATAU MENYESATKAN ?

MBIA ◽

10.33557/mbia.v20i2.1419 ◽

2021 ◽

Vol 20 (2) ◽

pp. 162-176

Author(s):

Patmawati Patmawati

Keyword(s):

Real Estate ◽

Sampling Technique ◽

Cash Flows ◽

Income Smoothing ◽

Current Ratio ◽

Dividend Payout ◽

Return On Equity ◽

Purposive Sampling ◽

Creative Accounting ◽

Operating Activities

This study aims to test empirically about creative accounting which is proxied by the income smoothing variable. The population used in this study were all companies listed on the Indonesia Stock Exchange, while the sample of this study were property, real estate and construction companies totaling 48 companies using purposive sampling technique. The results of this study indicate that there is a significant negative effect on the variable return on equity, current ratio, dividend payout ratio. This shows that the smaller the value of the company's return on equity, current ratio, and dividend payout ratio, the more likely the company is to do income smoothing. The results of this study also indicate that there is a significant effect of the CFO variable on income smoothing. This means that the greater the CFO of the company, the more likely the company is to do income smoothing. The results of this study provide contributions and input for the report users in seeing which companies do creative accounting so that they can decide whether to invest or not. Keywords: Creative accounting, income smoothing, profitabilitas, deviden payout ratio, return on equity Abstrak Penelitian ini bertujuan untuk menguji secara empiris tentang akuntansi kreatif (creative accounting) yang diproksikan oleh variabel perataan laba. Populasi yang digunakan dalam penelitian ini adalah semua perusahaan yang terdaftar di Bursa Efek Indonesia, sedangkan sampel penelitian ini adalah perusahaan properti, real estate dan konstruksi yang berjumlah 48 perusahaan menggunakan teknik purposive sampling. Hasil dari penelitian ini menunjukkan bahwa terdapat pengaruh negatif signifikan variabel return on equity, current ratio, deviden payout ratio. Hal ini menunjukkan bahwa semakin kecil nilai return on equity, current ratio, dan dividen payout ratio perusahaan, maka semakin besar kemungkinan perusahaan melakukan perataan laba. Hasil penelitian ini juga menunjukkan bahwa terdapat pengaruh yang signifikan variabel Cash Flows From Operating Activities (CFO) terhadap income smoothing. Hal ini berarti semakin besar Cash Flows From Operating Activities (CFO) perusahaan maka semakin besar kemungkinan perusahaan melakukan perataan laba. Dapat disimpulkan bahwa tingginya nilai laba bukan berarti menunjukkan kinerja perusahaan dalam kondisi baik. Hal ini dikarenakan adanya indikasi perusahaan melakukan perataan laba untuk tujuan tertentu. Hasil penelitian ini memberikan kontribusi dan masukan bagi para pihak pengguna laporan dalam melihat perusahaan mana saja yang melakukan creative accounting sehingga dapat memutuskan untuk menanamkan investasinya atau tidak. Kata kunci: Creative accounting, income smoothing, profitabilitas, deviden payout ratio, return on equity

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ANALISA FAKTOR-FAKTOR YANG MEMPENGARUHI DIVIDEND PAYOUT RATIO (Studi Empiris pada Perusahaan Manufaktur yang terdaftar di BEI 2015-2017)

Jurnal ULTIMA Accounting ◽

10.31937/akuntansi.v12i1.1509 ◽

2020 ◽

Vol 12 (1) ◽

pp. 1-20

Author(s):

Maria Jeannifer Lie ◽

MARIA STEFANI OSESOGA

Keyword(s):

Secondary Data ◽

Managerial Ownership ◽

Net Income ◽

Return On Assets ◽

Current Ratio ◽

Financial Reports ◽

Dividend Payout ◽

Stock Split ◽

Equity Ratio ◽

Reverse Stock Split

Abstract- The objective of the research is to obtain empirical evidence of the effect of Return on Assets, Current Ratio, Debt to Equity Ratio, and Managerial Ownership towards Dividend Payout Ratio. Companies need to know any factors to determine the optimal dividend policy. The sample in this research is selected by using purposive sampling method and the secondary data used in this research was analyzed by using multiple regression method. The total amount of sample in this research is 13 firms which is registered as manufacturing sector in BEI for the year 2015-2017; published financial reports using Rupiah currency; audited by independent auditor; published financial reports for January 1 until December 31 periods, have positive net income, declared cash dividend, did not do stock split/ reverse stock split; and have managerial ownership on shareholders structure. The result of this research are Return on Assets, Current Ratio, Debt to Equity Ratio, and Managerial Ownership simultaneously has significant effect towards Dividend Payout Ratio. Partially, variable Return on Assets, and Managerial Ownership have positive significant effect on Dividend Payout Ratio. While Current Ratio and Debt to Equity Ratio does not have significant effect towards Dividend Payout Ratio.

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