scholarly journals PENGARUH KINERJA KEUANGAN DAN MAKROEKONOMI TERHADAP RETURN SAHAM PADA SUBSEKTOR MAKANAN DAN MINUMAN PERIODE 2011-2015

2016 ◽  
Vol 2 (2) ◽  
pp. 17-25
Author(s):  
Edhi Asmirantho ◽  
Yudhia Mulya ◽  
Dinar Ardian Firmansyah
Keyword(s):  
Interest Rate ◽  
Financial Performance ◽  
Stock Returns ◽  
Economic Value ◽  
Value Added ◽  
Extended Model ◽  
Least Squares Regression ◽  
Return On Assets ◽  
Inventory Turnover ◽  
Equity Ratio

Abstract This study is aimed to test the effect of financial performance and macroeconomics variables in explaining stock returns. The study conducts two regression models. The first model included only financial performance as independent variables which consist of current ratio, debt to equity ratio, earnings per share, return on assets, economic value added, inventory turnover, and price to earnings ratio. Then the first model is extended to the second model by adding macroeconomics variables which consist of interest rate and inflation. Pooled least squares regression is applied in this study and all of the assumptions to obtain best linier unbiassed estimator are met. The extended model results in an increase of adjusted R-squared value from 46,9% to 60,84%. Keywords: Financial Performance, Interest Rate, Inflation, Stock Return

scholarly journals PENGARUH DEBT TO EQUITY RATIO, RETURN ON ASSETS, PRICE EARNING RATIO DAN ECONOMIC VALUE ADDED TERHADAP RETURN SAHAM PADA PERUSAHAAN SUBSEKTOR PROPERTY DAN REAL ESTATE.

2018 ◽  
Vol 2 (1) ◽  
pp. 12-24
Author(s):  
Julyana Widjayanti ◽  
Risal Rinofah ◽  
Mujino Mujino
Keyword(s):  
Real Estate ◽  
Stock Returns ◽  
Stock Return ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Sampling Technique ◽  
Economic Value Added ◽  
Return On Assets ◽  
Equity Ratio

This study aims to determinethe effect of Debt to Equity Ratio, Return On Assets, Price Earning Ratio, and Economic Value Added on Stock Returns on Property and Real Estate companies listed on the Indonesia Stock Exchange (BEI) for the 2014-2018 period. The sampling technique is purposive sampling. Samples were obtained from 11 Property and Real Estate companies listed on the Indonesia Stock Exchange (IDX) for the 2014-2018 period. Based on the results of data analysis shows that Debt to Equity Ratio and Return On Assets have a positive and significant effect on Stock Return, Price Earning Ratio and Economic Value Added have a negative and no significant effect on Stock Return. Together Debt to Equity Ratio, Return On Assets, Price Earning Ratio, and Economic Value Added have a positive and significant effect on Stock Return.    

scholarly journals Conventional Financial Performance, Economic Value Added, Human Economic Value Added, Value Added Intellectual Coefficient And Its Impact On Stock Return Of Companies Operating In Energy Sector In Indonesia And Malaysia

2021 ◽  
Vol 2 (3) ◽  
pp. 222-235
Author(s):  
Anton Wijaya
Keyword(s):  
Financial Performance ◽  
Stock Returns ◽  
Intellectual Capital ◽  
Economic Value ◽  
Value Added ◽  
Energy Sector ◽  
Total Asset ◽  
Economic Value Added ◽  
Asset Turnover ◽  
Equity Ratio

Return is one of the factors that investors pay attention in determining their investment policies. For this reason, this study analyzes the effect of several conventional financial performance indicators such as total asset turnover, current assets, debt to equity ratio, and return on assets to stock returns. Other variables that are seen as new indicators such as economic value added, human economic value added, and value added intellectual capital are also examined for their effects on stock returns. Companies engaged in the energy sector in Indonesia and Malaysia were made as objects in this study. OLS regression is used to analyze the effect of independent variables on the dependent variable. The results of an analysis of energy company data in Indonesia show that debt to equity ratio and human economic value added have a negative and significant effect on stock returns, while economic value added and value added intellectual capital have a positive and significant effect on stock returns. As for the object of research on energy companies in Malaysia, the results showed that total asset turnover, economic value added and value added intellectual capital had a positive and significant effect on stock returns.

Pengaruh Free Cash Flow, Return On Asset, Debt To Equity Ratio, Dan Economic Value Added Terhadap Return Saham

2021 ◽  
Vol 14 (2) ◽  
pp. 350-358
Author(s):  
Hastutie Nur Andriati ◽  
Sherina Baguna
Keyword(s):  
Stock Returns ◽  
Cash Flow ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Free Cash Flow ◽  
Economic Value Added ◽  
Return On Assets ◽  
Analytical Technique ◽  
Equity Ratio

The research aims to examine and empirically analyze the presence of information content of Free Cash Flow, Return On Assets, Debt to Equity Ratio and economic value added on stock returns in the study of LQ45 companies on the Indonesia Stock Exchange from 2015 to 2019. This study uses a quantitative approach with a population the research is the companies that are included in the LQ45 Index on the Indonesia Stock Exchange in 2015, 2016, 2017 2018, and 2019. Financial report data is obtained through access to www.idx.co.id. The number of samples used in this study were 45 samples. The analytical technique used in this study is multiple regression in order to obtain a comprehensive picture of the relationship between one variable and another. This study uses of 5%. Based on the results of this study Free Cash Flow, Return On Assets, Debt to Equity Ratio and Economic Value added partially and simultaneously have no significant effect on stock returns with a significance value of 0.697, 0.744, 0.216 and 0.242, respectively, no significant effect on stock returns.

scholarly journals PENGARUH KINERJA KEUANGAN TERHADAP RETURN SAHAM PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI BARANG KONSUMSI YANG TERDAFTAR DI BURSA EFEK INDONESIA

AKUNTABILITAS ◽  
2019 ◽  
Vol 12 (2) ◽  
pp. 161-180
Author(s):  
Tutia Rahmi ◽  
Tertiarto Wahyudi ◽  
Rochmawati Daud
Keyword(s):  
Financial Performance ◽  
Stock Returns ◽  
Stock Exchange ◽  
Hypothesis Test ◽  
Negative Influence ◽  
Profit Margin ◽  
Share Price ◽  
Manufacturing Companies ◽  
Return On Assets ◽  
Equity Ratio

The purpose of this research is to explain the effect of financial performance to the stock return. The financial performances in this research were Earning Per Share, Price Earning Ratio, Debt to Equity Ratio, Return On Assets, andNet Profit Margin. The financial performance as the independent variables and the dependent variabel is stock return.The sample of this research is thirty manufacturing company of consumer goods industry sector. These companies are listed on the Indonesia Stock Exchange since 2012 until 2014. The sampling method is purposive sampling. The analysis method used in this research that is with hypothesis test that is determinant coefficient, test F, and test t. Using thirty manufacturing companies listed in IDX, this research shows that the Earning Per Share, Price Earning Ratio and the Net Profit Margin has a positive and significant impact on stock returns. Instead, the variable Debt to Equity Ratio has a negative influence. This research also indicate that variable Return On Assets has no effect on stock returns.

scholarly journals Pengaruh Return On Assets, Return On Equity, Debt To Equity Ratio, Inflasi, Dan Suku Bunga Terhadap Return Saham Pada Perusahaan Manufaktur Di Bursa Efek Indonesia (Studi Empiris Pada Perusahaan Secondary Sectors Periode 2010-2015)

2018 ◽  
Vol 6 (1) ◽  
pp. 063-076
Author(s):  
Ningsih Hikmawati ◽  
Adi Wiratno ◽  
Suyanto . ◽  
Darmansyah .
Keyword(s):  
Interest Rate ◽  
Stock Returns ◽  
Stock Return ◽  
Quantitative Methods ◽  
Stock Exchange ◽  
Secondary Data ◽  
Manufacturing Companies ◽  
Return On Assets ◽  
Return On Equity ◽  
Equity Ratio

This study is aimed to ascertain and analyse the influence of return on assets, return on equity, debt to equit ratio, inflation, and interest rate, both partiall and simultaneously on the stock returns in manufacturing companies of secondary sectors listed in the Indonesian Stock Exchange. This research uses quantitative methods and EVIEWS panel 8 to analyse the regression. The population are manufacturing companies of secondary sector listed in the Indonesian Stock Exchange consisted of basic and chemical sectors, miscellaneous industry, and consumer goods sector in the period of 2010-2015. The sampling method used is pusposive sampling with the final number of 40 companies. The research required secondary data. The results show that return on assets has no negative effect on stock return, mean while, return on equity and interest rate have positive effect on stock return. Return on assets, return on equity, debt to equity ratio, inflation and interest rate all simultaneously have effect on stock returns.

scholarly journals Financial Performance, Capital Structure and Share Ownership Structure, Companies Registered on the Indonesia Stock Exchange (Empirical Study on Manufacturing Companies Listed on the Stock Exchange Indonesia Period 2012-2016)

2019 ◽  
Author(s):  
Purwanti . ◽  
Eddy Irsan Siregar
Keyword(s):  
Capital Structure ◽  
Financial Performance ◽  
Stock Returns ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Manufacturing Companies ◽  
Leverage Ratio ◽  
Share Ownership ◽  
The Capital Structure

This study will examine Financial Performance, Capital Structure and Structure Share Ownership, Companies that are measured using Economic Value Added (EVA). The sample used in this study uses a method purposive sampling with several predetermined criteria. With using the pooled data method, the study sample consisted of 117 observations data listed on the Indonesia Stock Exchange for the period 2012-2016 obtained from Indonesian Capital Market Directory (ICMD) and also from financial statements annual manufacturing company. The data analysis technique used is regression multiple linear and hypothesis testing using t test and F test with level 5% significance. The results of the study indicate that institutional ownership has greater value than managerial share ownership, so that monitoring functions by institutional shareholders are more effective in monitoring. Leverage ratio on manufacturing companies listed at The Indonesia Stock Exchange during the 2012-2016 research period, is still deep the normal range at the lower level is around 30% - 36%. Asset structure on manufacturing companies listed on the Indonesia Stock Exchange during the period the 2012-2016 research is still quite low, meaning the company asset structure doesnot affect the capital structure. The growth of company assets is not affect the capital structure of registered manufacturing companies on the IndonesiaStockExchangefortheperiod2012-2016.Capital structure,size the company and the risk of stock returns simultaneously influence on financial performance of manufacturing companies listed on the Stock Exchange Indonesia for the period 2012-2016. Institutional share ownership, ownership managerial shares, company size, riskofstockreturnsandcapitalstructurethecompanyhasaninfluenceonthefinancial performance of manufacturing companies listed on the Indonesia Stock Exchange during the 2012 study period - 2016

scholarly journals ANALISIS PENGARUH EVA DAN ROA TERHADAP RETURN SAHAM PADA INDUSTRI KONSUMSI DI BURSA EFEK INDONESIA

2013 ◽  
Vol 1 (1) ◽  
pp. 13
Author(s):  
Pungky Hapsari
Keyword(s):  
Stock Returns ◽  
Stock Return ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Sampling Technique ◽  
Regression Coefficients ◽  
Economic Value Added ◽  
Analysis Model ◽  
Return On Assets

This study aimed to determine the effect of Economic Value Added (EVA) and Return On Assets (ROA) of stock returns on consumption listed companies on the Stock Exchange during the years 2006-2008. Purposive sampling technique with sampling and eventually acquired 29 companies that meet the criteria to be used as the study sample. The analysis model used in this study is the linear regression that aims to discover whether there is any empirical evidence of the influence of Economic Value Added (EVA) and Return On Assets (ROA) to stock return. The analysis showed that the simultaneous EVA and ROA significantly α = 5% of the stock return, but partially EVA no significant effect on stock returns. While ROA partially significant effect on stock returns. For regression coefficients show negative EVA while ROA is positive.

scholarly journals PENGARUH PENGUKURAN KINERJA DENGAN ECONOMIC VALUE ADDDED DAN EARNINGS PER SHARE TERHADAP RETURN SAHAM PADA PERUSAHAAN YANG TERGABUNG DALAM INDEKS LQ45 DI BURSA EFEK INDONESIA

2012 ◽  
Vol 12 (3) ◽  
pp. 75
Author(s):  
Roghiebah Jadwa Faradisi ◽  
Muhammad Nuryatno Amin
Keyword(s):  
Financial Performance ◽  
Stock Returns ◽  
Stock Return ◽  
Research Study ◽  
Economic Value ◽  
Value Added ◽  
Sampling Technique ◽  
Economic Value Added ◽  
Earnings Per Share ◽  
Positive Effect

<span>Company’s financial performance can be measured using Economic Value<br /><span>Added and Earnings Per Share. The existence of these two methods, will<br /><span>demonstrate the company’s ability to earn a profit for a certain period and whether the company will create value or not. The purpose of this study is to prove the effect of the company’s financial performance using EVA and EPS on stock returns. Research study is a test of the hypothesis, the causal relationship. The sampling technique using purposive sampling, a total of 34 companies in 2010-2012.The analytical method used is regression testing. The results obtained from this study are incorporated in EVA LQ45 companies showed a positive effect on stock returns over the period 2010-2012.This indicates that the management company has succeeded in creating shareholder value and improve the life of the owner of the company, because the return is given as expected. However, this study also proved that the EPS has no effect on the stock return.<br />Keywords : economic value added, earnings per share, and stock return<br /></span></span></span>

scholarly journals Pengaruh profitability, liquidity, leverage, dan interest rates terhadap stock return untuk LQ-45 Index

2019 ◽  
Vol 7 (1) ◽  
Author(s):  
Soni Firmansyah ◽  
Linda Purnamasari
Keyword(s):  
Regression Analysis ◽  
Interest Rate ◽  
Financial Performance ◽  
Interest Rates ◽  
Stock Returns ◽  
Stock Return ◽  
Economic Factors ◽  
Return On Equity ◽  
Analysis Techniques ◽  
Equity Ratio

The purpose of investors to invest their fund is to get the stock return. Therefore, they need to understand the company's financial performance and macro-economic factors that can affect the acquisition of stock returns. This study tried to analyze the effects of profitability, liquidity, leverage, and interest rates on stock return. The data were taken from the stock in LQ-45 index period 2012-2014. The sample was taken using a purposive sampling obtained a sample of 24 companies. Analysis techniques used multiple linier regression analysis, the result shows simultaneously return on equity, quick ratio, debt to equity ratio, and interest rates have significant effect on stock return. Partially return on equity and quick ratio have no significant effect on stock return and debt to equity ratio and interest rate have significant effect on stock return.

scholarly journals ANALISIS HUBUNGAN KINERJA KEUANGAN BERDASAR AKUNTANSI DAN KINERJA KEUANGAN BERDASAR PASAR PADA PERUSAHAAN YANG TERDAFTAR DI JAKARTA ISLAMIC INDEX (JII) DENGAN PENGUNGKAPAN CSR SEBAGAI VARIABEL MODERASI

2018 ◽  
Vol 2 (1) ◽  
pp. 88-96
Author(s):  
Nanda Putri Angelia ◽  
Sinarti Sinarti
Keyword(s):  
Financial Performance ◽  
Stock Returns ◽  
Stock Return ◽  
Economic Value ◽  
Value Added ◽  
Corporate Image ◽  
Absolute Difference ◽  
Observation Data ◽  
Return On Equity ◽  
Csr Disclosure

The objectives of this research are to test and to give empiric evident about influence between financial performance based on accounting which measured by Return On Assets (ROA), Return On Equity (ROE), and Economic Value Added (EVA) and financial performance based on marketplace which measured by stock return. The inconsistency of the result of researches on the influence of financial performance based on accounting to financial performance based on marketplace indicated there is moderate variable that influence the disclosure of Corporate Social Responsibilty (CSR). CSR disclosure is expected to give a signal to external parties including investors in enhancing the corporate image is reflected by increase of stock returns. There are 19 companies that are taken as the sample in this research. The object of this research is companies that listed in Jakarta Islamic Index (JII) from 2008-2013 with 95 data observation. Data are collected by using purposive sampling. Hypotheses in this research are tested using panel data regression and test of absolute difference value. The result of this research showed that financial performance based on accounting which measured by ROA, ROE, and EVA influenced to financial performance based on marketplace which measured by stock return. Meanwhile CSR disclosure in annual company report is not moderating financial performance based on accounting to financial performance based on marketplace.

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