PENGARUH NET PROFIT MARGIN, ARUS KAS OPERASI DAN REPUTASI AUDITOR TERHADAP RETURN SAHAM PADA PERUSAHAAN MANUFAKTUR PERIODE 2014-2017

Investments are made by investors to get a return. Return is a profit of an investment. Stock Return has a significant effect in determining the value of company’s stock. Investors will be interested to invest in companies with a high return. This research aimed to analysis the effect of net profit margin, operating cash flow and auditor reputation for the period 2014 – 2016 to stock return for the period 2015 – 2017 on manufacturing companies that listed on Indonesia Stock Exchange. Net profit margin is calculated by using net income after tax divided by total net sales for the period from audited financial statements. This research used secondary data which is from financial reports with purposive sampling. Research sample counted 55 manufacturing companies listed in Indonesia Stock Exchange period 2014 – 2017. The results of this research showed that net profit margin and auditor reputation do not have a significant effect on stock return while operating cash flow has a significant effect on stock return.

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FACTORS AFFECTING OPERATING CASH FLOW TO STOCK RETURN THROUGH STOCK PRICE

JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis dan Inovasi Universitas Sam Ratulangi). ◽

10.35794/jmbi.v5i2.20807 ◽

2018 ◽

Vol 5 (2) ◽

Author(s):

Aprih . Santoso

Keyword(s):

Stock Returns ◽

Cash Flow ◽

Stock Prices ◽

Stock Price ◽

Stock Return ◽

Stock Exchange ◽

Sampling Technique ◽

Financial Statements ◽

Manufacturing Companies ◽

Operating Cash Flow

Abstract : Companies need funds in order to carry out operations such as the financing of production activities, pay employees, pay other expenses related to the operation of the company. One way to obtain these funds is to attract investors to invest in companies in the form of stock, but in making this investment is certainly not easy for investors, because investors need consideration beforehand to find out how the company's performance. The purpose of this study was to examine and analyze the effect of operating cash flow to stock return through stock price at companies listed on the Stock Exchange Year 2012-2015. The data used in this study dala are secondary data from the financial statements of companies listed on the Indonesia Stock Exchange period 2012 - 2015. The data are in the form of financial statements can be obtained from the Indonesian Capital Market Directory (ICMD), the IDX website www.idx.co. id as well as from various other sources to support this research. The population in this research is manufacturing companies listed on the Stock Exchange the period 2012 - 2015. The samples taken by the sampling technique used purposive sampling.From the test results and analysis of the data it can be concluded that operating cash flow directly and indirectly has no effect on stock returns through stock prices showed no significant results. Keywords : Operating Cash Flow, Stock Price, Stocks Return

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Pengaruh Net Profit Margin (NPM) Dan Debt To Assets Rasio (DAR) Terhadap Return Saham

Journal of Economic Bussines and Accounting (COSTING) ◽

10.31539/costing.v4i2.2042 ◽

2021 ◽

Vol 4 (2) ◽

pp. 838-845

Author(s):

Lusi Noviyanti ◽

Moh. Wahyudin Zarkasyi

Keyword(s):

Stock Returns ◽

Stock Return ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Secondary Data ◽

Profit Margin ◽

Coefficient Of Determination ◽

Normality Test ◽

Net Profit ◽

Food And Beverage

This study aims to determine the effect of Net Profit Margin and Debt to Assets Ratio on Stock Return. The sampling method using purposive sampling, obtained a sample of 13 companies. The research data uses secondary data, namely from the financial statements of the food and beverage subsector companies listed on the Indonesia Stock Exchange for the 2014-2018 period eith miltiple linear regression analysis testing with the help of SPSS version 22 using teh normality test, multicollinearity test, heteroscedasticity test, autocorrelation test, t test, f test and the coefficient of determination. The examiner shows that partially NPM has no effect on stock returns and DAR has no effect on stock returns. And simultaneously NPM and DAR have no effect on stock returns. Keyboards: Net Profit Margin (NPM), Debt to Assets Ratio (DAR), Stock return

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PENGARUH KINERJA KEUANGAN TERHADAP RETURN SAHAM PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2008-2010

JURNAL INFORMASI, PERPAJAKAN, AKUNTANSI, DAN KEUANGAN PUBLIK ◽

10.25105/jipak.v6i2.4484 ◽

2019 ◽

Vol 6 (2) ◽

pp. 83

Author(s):

Hermi Hermi ◽

Ary Kurniawan

Keyword(s):

Financial Performance ◽

Stock Returns ◽

Stock Return ◽

Stock Exchange ◽

Profit Margin ◽

Manufacturing Companies ◽

Book Value ◽

Purposive Sampling ◽

Net Profit ◽

Selection Of

This study aims to determine the effect of financial performance (return on the investments (ROI), Return on Equty (ROE), Net Profit Margin (NPM), Earning Per Share (EPS), Price to Book Value (PB V)) to return the shares either partial or simultaneously. The study focused on manufacturing comanies listed in Indonesia Stock Exchange (BEI) in the period 2008 to 2010. The selection of samples based on purposive sampling, so that the obtained sample of 56 manufacturing companies. The result of the sestudies show that partially only variable that has just EPS significantly influence on stock returns. While other variables, namely ROl, ROE, NPM, PBV had no signfficant effect on stock returns. In simultaneoualy free variabrl ROI,ROE, NPM, EPS, PBV has a significant effect on the stock Return.

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Analysis of Factors Affecting Dividend Policy

JURNAL AKUNTANSI DAN BISNIS Jurnal Program Studi Akuntansi ◽

10.31289/jab.v4i1.1431 ◽

2018 ◽

Vol 4 (1) ◽

Author(s):

Wenny Anggeresia Ginting

Keyword(s):

Cash Flow ◽

Significant Influence ◽

Dividend Policy ◽

Stock Exchange ◽

Secondary Data ◽

General Meeting ◽

Net Income ◽

Factors Affecting ◽

Analysis Technique ◽

Net Profit

Dividend policy is the company's decision to pay part or all of the profits earned to shareholders specified in the GMS (General Meeting of Shareholders). The independent variables in this study are net profit (profitability) measured through ROE, cash flow and debt (leverage) as measured through DER. While the dependent variable in this research is dividend policy measured by DPR. The purpose of this research is to test and analyze whether ROE, cash flow and DER have significant influence to DPR on Service and Investment Company listed in Indonesia Stock Exchange period 2012-2014. This study uses secondary data with documentation study method in the form of annual financial statements of the company from 2012-2014. The approach used in this research is quantitative with purposive sampling sampling method. Of the 60 companies, only 17 companies were selected to meet the criteria for sampling. Data analysis technique used is multiple linear regression. The value of R Square (R²) is 0.328 which indicates that the variation of dividend policy variables can be explained by variation of net income, cash flow, and debt variable by 32.8%. The results showed that simultaneously net income, cash flow and debt have a positive and significant impact on dividend policy. Partially net profit (profitability) has no significant effect on dividend policy, cash flow has positive and significant influence to dividend policy, and debt (leverage) have a significant effect on dividend policy.Keywords : Profitability; Cash flow; Leverage; Dividend Policy

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PENGARUH RELEVANSI NILAI INFORMASI OTHER COMPREHENSIVE INCOME DAN NET INCOME TERHADAP RETURN SAHAM

Media Riset Akuntansi Auditing & Informasi ◽

10.25105/mraai.v17i1.2038 ◽

2017 ◽

Vol 17 (1) ◽

pp. 53

Author(s):

Titik Aryati ◽

Natasya Nadia Wibowo

Keyword(s):

Stock Return ◽

Value Relevance ◽

Stock Exchange ◽

Panel Data Analysis ◽

Secondary Data ◽

Net Income ◽

Manufacturing Companies ◽

Comprehensive Income ◽

Other Comprehensive Income ◽

Size Growth

This research has a purpose to analyze the influence value relevance of information Other Comprehensive Income and Net Income in explaining Stock Return by using control variables, namely Firm Size, Growth, Debt to Total Assets, and Return on Assets. The sample used in this research are manufacturing companies which is listed in Indonesian Stock Exchange from 2011 to 2015. Obtained by 53 manufacturing companies the research sample. Data used in this research are secondary data obtained from the form of the annual audited financial statements derived from the Indonesia Stock Exchange (IDX) the period of 2011-2015 and the Indonesian Capital Market Directory (ICMD) in the period 2011-2015. The statistic method used to test on the research hypothesis is panel data analysis. The research results found that variables of the research model which are Other Comprehensive Income has a negative and significant effect on stock return, whereas Net Income has a positive and significant effect on stock return.

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Pengaruh Laba Akuntansi, Total Arus Kas, dan Net Profit Margin terhadap Return Saham pada Perusahaan Otomotif yang Terdaftar di Bursa Efek Indonesia

Jurnal Akun Nabelo: Jurnal Akuntansi Netral, Akuntabel, Objektif ◽

10.22487/j26223090.2018.v1.i1.10483 ◽

2018 ◽

Vol 1 (1) ◽

Author(s):

Linda A. Razak ◽

Rahmi Syafitri

Keyword(s):

Data Analysis ◽

Linear Regression ◽

Stock Returns ◽

Cash Flow ◽

Significant Influence ◽

Stock Return ◽

Stock Exchange ◽

Profit Margin ◽

Analysis Techniques ◽

Net Profit

This study aims to determine whether accounting profit, total cash flow and Net Profit Margin effect on Return Shares in Automotive Companies listed on the Indonesia Stock Exchange. The population in this study are all automotive companies listing period 2013 - 2016. Sample taken based on certain criteria or purposive sampling. Data analysis techniques use multiple linear regression. The results show that overall from the period of 2013 to 2016 Accounting profit does not have a significant effect on stock returns due to transitory events in accounting so as not used as a reference by investors to invest, Total cash flow does not have a partial significant influence on stock return because the total cash flow is not enough to have information to be a benchmark to predict stock returns. Net profit margin has a partially significant influence on stock return because the profits generated by the company from the level of sales is also greater then it will attract investors.

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PENGARUH NILAI PERUSAHAAN, KESEMPATAN BERTUMBUH PERUSAHAAN DAN ARUS KAS OPERASI TERHADAP RETURN SAHAM DIMASA YANG AKAN DATANG

JURNAL INFORMASI, PERPAJAKAN, AKUNTANSI, DAN KEUANGAN PUBLIK ◽

10.25105/jipak.v10i2.4557 ◽

2019 ◽

Vol 10 (2) ◽

pp. 149

Author(s):

Seto Makmur Wibowo

Keyword(s):

Multiple Regression ◽

Cash Flow ◽

Consumer Goods ◽

Firm Value ◽

Stock Return ◽

Stock Exchange ◽

Manufacturing Companies ◽

Growth Opportunity ◽

Operating Cash Flow ◽

Consumer Goods Industry

This study aims to analyze the iqfluence offirm value, the opportunity to grow the company and future operating cash flow to future stock return. The population of this study is manufacturing companies listed in Indonesia Stock Exchange. The samples used were 23 companies which include consumer goods industry which published a report in 2009-2012. The results of this study using multiple regression showed that the firm value and operating cash flow has no effect on Future Stock Return. But the company's growth opportunity has a positive and significant impact on Future Stock Return

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ANALISIS PENGARUH ARUS KAS OPERASI DAN LABA AKUNTANSI TERHADAP RETURN SAHAM PERUSAHAAN PERAIH INVESTMENT AWARD (BEST ISSUERS) DI BURSA EFEK INDONESIA

Jurnal Ilmiah Akuntansi dan Keuangan ◽

10.32639/jiak.v7i2.276 ◽

2018 ◽

Vol 7 (2) ◽

pp. 29-42

Author(s):

Ika Neni Kristanti

Keyword(s):

Stock Returns ◽

Cash Flow ◽

Capital Market ◽

Stock Return ◽

Stock Exchange ◽

Secondary Data ◽

Company Performance ◽

Accounting Earnings ◽

Operating Cash Flow

Investors in investing always expect high stock returns. Therefore, investors should beable to assess which companies have good performance, so the stock return is also high. Thefinancial statements, particularly those relating to information on changes in operating cashflows and corporate accounting profit, are one of the important information that can be usedby investors to assess company performance. This study aims to provide empirical evidencerelated to the effect of operating cash flow and accounting earnings on stock returns.The data in this study is secondary data obtained from the company's annual financialstatements in Indonesia Capital Market Directory (ICMD) and Indonesia Stock Exchange(IDX). This study was conducted using the company population of the company winning theinvestment award (best issues) 2017 listed on the Indonesia Stock Exchange in 2015 and 2016.The result of this research is partially variable of operating cash flow (AKO) havepositive and significant effect to stock return, while partially, variable of accountancy profit(LAK) have no effect to stock return and simultaneously variable operating cash flow (AKO)and change of accountancy profit (LAK) jointly have a significant effect on stock returns inthe company's winning investment award (best issues) 2017 listed on the Indonesia StockExchange in 2015 and 2016.Keywords: Operating Cash Flow, Accounting Profit, and Stock Return

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ANALISIS PENGARUH ARUS KAS OPERASI DAN LABA AKUNTANSI TERHADAP RETURN SAHAM PERUSAHAAN PERAIH INVESTMENT AWARD (BEST ISSUERS) DI BURSA EFEK INDONESIA

Jurnal Ilmiah Akuntansi dan Keuangan ◽

10.32639/jiak.v7i2.217 ◽

2018 ◽

Vol 7 (2) ◽

pp. 29-44

Author(s):

Ika Neni Kristanti

Keyword(s):

Stock Returns ◽

Cash Flow ◽

Stock Return ◽

Stock Exchange ◽

Secondary Data ◽

Financial Statements ◽

Cash Flows ◽

Company Performance ◽

Operating Cash Flows ◽

Operating Cash Flow

Investors in investing always expect high stock returns. Therefore, investors should be able to assess which companies have good performance, so the stock return is also high. The financial statements, particularly those relating to information on changes in operating cash flows and corporate accounting profit, are one of the important information that can be used by investors to assess company performance. This study aims to provide empirical evidence related to the effect of operating cash flow and accounting earnings on stock returns. The data in this study is secondary data obtained from the company's annual financial statements in Indonesia Capital Market Directory (ICMD) and Indonesia Stock Exchange (IDX). This study was conducted using the company population of the company winning the investment award (best issues) 2017 listed on the Indonesia Stock Exchange in 2015 and 2016. The result of this research is partially variable of operating cash flow (AKO) have positive and significant effect to stock return, while partially, variable of accountancy profit (LAK) have no effect to stock return and simultaneously variable operating cash flow (AKO) and change of accountancy profit (LAK) jointly have a significant effect on stock returns in the company's winning investment award (best issues) 2017 listed on the Indonesia Stock Exchange in 2015 and 2016. Keywords: Operating Cash Flow, Accounting Profit, and Stock Return

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ANALISIS PENGARUH NET PROFIT MARGIN (NPM) RETURN ON EQUITY (ROE) DAN EARNING PER SHARE (EPS) TERHADAP HARGA SAHAM

KEBERLANJUTAN ◽

10.32493/keberlanjutan.v3i2.y2018.p907-932 ◽

2018 ◽

Vol 3 (2) ◽

pp. 907

Author(s):

Muhamad Jusmansyah

Keyword(s):

Regression Analysis ◽

Stock Price ◽

Sampling Method ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Secondary Data ◽

Profit Margin ◽

Manufacturing Companies ◽

Return On Equity ◽

Net Profit

AbstractThis study aims to analyze the effect of Net Profit Margin, Return on Equity and Earning Per Share on Stock Price of manufacturing companies listed on Indonesia Stock Exchange in observation year 2012 - 2016.Using a linear regression analysis method is assisted with the use of the SPSS program version 23 which utilizes secondary data from a sample of 15 (fifteen) chemical industry sector group manufacturing companies that have been listed on the Indonesia Stock Exchange for the 2012 to year period 2016. While the sampling method used is purposive sampling method. This study obtained the following results: (1) Net Profit Margin influential on Stock Price, (2) Return On Equity effect on Stock Price, (3) Earning Per Share effect on Stock Price, (4) ) The results of regression analysis simultaneously influenced the result that Earning Per Share effect on Stock Price. As for Net Profit Margin and Return on Equity does not affect the stock price. Keywords: NPM, ROE, EPS, on Stock Price.

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