THE EFFECT OF COMPANY RISK, PROFIT GROWTH, AND FINANCIAL LEVERAGE ON STOCK RETURN AND ITS IMPLICATIONS ON EARNING RESPONSE COEFFICIENT OF FINANCIAL SECTOR COMPANIES LISTED IN INDONESIA STOCK EXCHANGE (IDX)

ABSTRACT The purpose of this study was to analyze the influence of capital labour intensive, investment, managerial ownership, operating leverage, dividen and financial leverage on the firm value of Indonesia non financial sector companies, the influence of capital labour intensive, investment, managerial ownership, operating leverage variable on dividen and financial leverage of Indonesia non financial sector companies, and the influence of capital labour intensive, investment, managerial ownership, operating leverage variable on the firm value through dividen and financial leverage as intervening variable. The research data was collected using purposive sampling method to the data of non financial sector companies listed on the Indonesian Stock Exchange during the period 2003-2012. Based on the criteria of the study obtained 310 samples were then analyzed Using the panel data regression and path analysis. The results show that the capital labour intensive, investment, managerial ownership, operating leverage, dividen and financial leverage have significant influences on the firm value of Indonesia non financial sector companies. The capital labour intensive, investment, managerial ownership, operating leverage variable do not have significant influences on dividen. The capital labour intensive, investment, managerial ownership, operating leverage variable have significant influences on financial leverage. With path analysis, the result show the The capital labour intensive, investment, managerial ownership, operating leverage variable do not have significant influence on the firm value of Indonesia non financial sector companies with dividen and financial leverage as intervening variable. Keywords: Capital Labour Intensive, Investment, Managerial Ownership, Operating Leverage, Dividen and Financial Leverage, Firm Value.

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HUBUNGAN INFORMASI PELAPORAN EARNINGS AKUNTANSI TERHADAP PERGERAKAN RETURNS SAHAM PADA PERUSAHAAN MANUFAKTUR DI BURSA EFEK JAKARTA

Media Riset Akuntansi Auditing & Informasi ◽

10.25105/mraai.v8i2.977 ◽

2008 ◽

Vol 8 (2) ◽

pp. 133

Author(s):

Rosna K. Haraharap ◽

Arga Fitria

Keyword(s):

Random Sampling ◽

Stock Return ◽

Stock Exchange ◽

Lower Sensitivity ◽

Earnings Response Coefficient ◽

Response Coefficient ◽

Sensitivity Level ◽

Earnings Response ◽

Negative Earnings

The purpose of this research is to know whether the negative earnings stock have lower sensitivity level or lower Earnings Response Coefficient (ERC) to stock return than the positive earnings stock and this research also aim to know whetherthe negative earnings stock will have weaker level strength of correlation (R2) to stock return than the positive earnings stock. The samples are 25 fisted manufactured company at Jakarta Stock Exchange during 2000-2004 which selected using purposive non random sampling. Data analyze method used is linier regression. The result of this research is that the negative earnings stock will have the lower level sensitivity or lower Earnings Response Coefficient (ERC) to stock return, compared to the level sensitivity (ERC) of positive earnings stock This research also finds that the negative earnings stock will have weaker level strength of correlation (R2) to stock return, compared to the level strength of correlation (R2) of positive earnings stock.Keywords: Negative earnings, Positive earnings, Stock return, Earnings response coefficient, Return-earnings association

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Analisis pengaruh financial leverage dan operating leverage terhadap stock return

INOVASI ◽

10.29264/jinv.v14i2.1928 ◽

2018 ◽

Vol 14 (2) ◽

pp. 53

Author(s):

As'ad Syaifullah

Keyword(s):

Regression Analysis ◽

Data Analysis ◽

Stock Return ◽

Sampling Method ◽

Stock Exchange ◽

Leverage Effect ◽

Financial Leverage ◽

Industrial Manufacturing ◽

Analysis Technique ◽

Operating Leverage

This study aimed to examine the effect of financial leverage and operating leverage on stock return. The population of this study were 135 industrial manufacturing company listed on the Indonesia Stock Exchange (IDX) with a sample of 11 companies during the years 2011-2015. This study used purposive sampling method. The data analysis technique used in this study is multiple regression analysis. The results of this study concluded that concludes that the financial leverage and operating leverage no significant effect on stock return. While partially operating leverage effect on stock return, but no effect of financial leverage on stock return.

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Determinants of Stock Return: A Comparison of Financial Distress and Non Financial Distress Firms in Manufacturing Company Listed of Indonesia Stock Exchange

Media Riset Bisnis & Manajemen ◽

10.25105/mrbm.v18i2.5048 ◽

2019 ◽

Vol 18 (2) ◽

pp. 52

Author(s):

Chotimah Chotimah ◽

Wulansari Wulansari

Keyword(s):

Financial Distress ◽

Stock Return ◽

Stock Exchange ◽

Fixed Effect Model ◽

Negative Influence ◽

Positive Influence ◽

Financial Health ◽

Financial Leverage ◽

The Difference ◽

Corporate Profits

AbstractPurpose –The purpose of this study is to examine the difference of stock return between financial distress and non-financial distress firms and to examine the influence of financial health, financial leverage, liquidity, profitability, book to market equity and size to stock return on the manufacturing firms listed at Indonesia Stock Exchange in the period 2012-2016.Design/Methodology/Approach- The dependent variable in this study is the stock return (SR), while the independent variable are financial health, financial leverage, liquidity and profitability while the variable control are book to market equity and size. The method used is a non-parametric difference test using mann-whitney U and multi-regression panel data with dummy variable using fixed effect model.Findings - The findings obtained this study indicate that there is difference of stock return between financial distress and non-financial distress company, financial distress and financial leverage has a negative influence to stock return and there is positive influence profitability and size to stock return, while liquidity and book to market equity has no impact on stock return. The firms need to increase the level of financial health and increase corporate profits by reduce the level of corporate debt so it will increase the stock return.

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FINANCIAL LEVERAGE AND LIQUIDITY ON GOOD CORPORATE GOVERNANCE AND STOCK RETURN

Jurnal Riset Akuntansi Kontemporer - Vol 13 No 2 (2021): October Edition ◽

10.23969/jrak.v11i2.3146 ◽

2019 ◽

Vol 11 (2) ◽

pp. 78-87

Author(s):

Aditya Laika Chandra ◽

Ellen Rusliati

Keyword(s):

Corporate Governance ◽

Regression Analysis ◽

Stock Return ◽

Stock Exchange ◽

Secondary Data ◽

Sampling Technique ◽

Financial Leverage ◽

Good Corporate Governance ◽

Panel Data Regression ◽

Data Regression

Investor needed the information about financial performance in order to predict the price and return of stock. This study aims to find out the effect of financial leverage and liquidity on Good Corporate Governance (GCG) and return of stock in the manufacture companies listed in Indonesia Stock Exchange during the period of 2013-2017. The method of descriptive and verifiative are used in this study by using 94 samples determined by purposive sampling technique. A secondary data is used and analyzed by using panel data regression model and moderated regression analysis. The result showed that simultenously, financial leverage and liquidity effected negatively and significantly to the return of stock. Partially, leverage effected negatively and significantly, as well as liquidity but insignificantly. The GCG is able to moderated a simultaneous effect of financial leverage and liquidity on return of stock to be positive, but insiginificatn. However, GCG effected positively and significantly.

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PENGARUH SUKU BUNGA REVERSE REPO RATE DAN INFLASI TERHADAP RETURN SAHAM (Studi Empiris Pada Perusahaan Sektor Keuangan Yang Terdaftar Di Bursa Efek Indonesia Periode 2016-2018)

JURNAL AKUNTANSI DAN KEUANGAN DAERAH ◽

10.52062/jakd.v15i1.1463 ◽

2020 ◽

Vol 15 (1) ◽

Author(s):

Sandi Rendy Tumundo ◽

Syaikhul Falah ◽

Bill J.C Pangayow

Keyword(s):

Interest Rate ◽

Interest Rates ◽

Stock Return ◽

Stock Exchange ◽

Financial Sector ◽

Significance Test ◽

T Test ◽

Repo Rate ◽

The Interest Rate ◽

Simple Regression

This research aims to see the influence of the interest rate (reverse) repo rate directly and indirectly through inflation on the return of shares as well as interest rates (reverse) The repo rate to inflation and inflation on the return of shares, the financial sector companies listed on the Indonesia Stock Exchange in June year 2016 to December year 2018.Results showed that the interest rate (reverse) repo rate has no significant effect either directly and indirectly through inflation on return of shares, can be seen from the analysis of the line and calculation of Sobel test in get t count is-3.64 whereas T table is 2.0518 (significance 0.05) then, in the view of T count (-3.64) < T table (2.0518) meaning there is no while the interest rate (reverse) repo rate has a significant effect on inflation in the see of simple regression rates of reverse repo rate against inflation based on T-Test sig value of 0.05 < 0.05, and inflation also significantly and partial impact on the stock return with the value of the significance test T is 0.041. (0.041 < 0.05) and T count2.150 > 2.0518 t tables.

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ANALISIS VARIABEL YANG BERPENGARUH TERHADAP KINERJA PERUSAHAAN DI BURSA EFEK INDONESIA

10.31227/osf.io/7vum4 ◽

2019 ◽

Author(s):

SUSENO - SUSENO

Keyword(s):

Linear Regression ◽

Multiple Linear Regression ◽

Stock Exchange ◽

T Test ◽

The Other ◽

Financial Leverage ◽

F Test ◽

Research Results ◽

Independent Variables ◽

Influential Variable

ANALISIS VARIABEL YANG BERPENGARUH TERHADAP KINERJA PERUSAHAAN DI BURSA EFEK INDONESIAOleh : Suseno STIE SATRIA Purwokerto ABSTRACT The aims of the research are (1) to analyze influence of age, scale, financial leverage, and profitability to performance of firms at The Indonesian Stock Exchange. (2) to determine the most influential variable on the performance of the firms. Hypotheses proposed in this research were: (1) Age, Scales, Financial Leverage, Profitability influences the performance of firms, (2) Age influences the performance of firms, (3) Scales influences the performance of firms, (4) Financial Leverage influences the performance of firms, (5) Profitability influences the performance of firms. Instrument of analysis employed in the research was multiple linear regression with t test and F test.The results of analyses of t test showed that profitability did not influence the performance of the firms. It was indicated by the value of computed t which was smaller than the value of t table. Meanwhile, the t test of age, scale and financial leverage indicated that the value of computed t > t table. It means that these variables (scale and financial leverage) influenced the performance of the firms. The F test showed that the independent variables of age, scale, financial leverage and profitability as a whole significantly influenced the performance of the firms. It was indicated by the calculated F > the value of F table, the value the age computed t which was smaller than the value of -t table..Based on the research results that age and profitability do not influence the performance of the firms, it is suggested that investors should not pay any attention to those variables. On the other hand, they should pay attention to the variables of scale and financial leverage. It is recommended that for further research should include longer periode of the sample.

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Analisis Komparatif Return Saham Dan Volume Perdagangan Saham Sebelum dan Sesudah Harbolnas Pada Perusahaan Dagang Yang Terdaftar Di Bei

Akmenika: Jurnal Akuntansi dan Manajemen ◽

10.31316/akmenika.v17i2.1047 ◽

2020 ◽

Vol 17 (2) ◽

Author(s):

Devy Putri Milanda ◽

Taufan Adi Kurniawan

Keyword(s):

Linear Regression ◽

Abnormal Return ◽

Stock Return ◽

Industrial Revolution ◽

Online Shopping ◽

Stock Exchange ◽

Trade Volume ◽

Volume Activity ◽

Significance Level ◽

Before And After

The industrial revolution resulted in several industries changing their management in order to survive, one of the industries that was affected quite considerably was the trading industry. This study aims to analyze stock return and Trade Volume Activity (TVA) of trading companies in Indonesia Stock Exchange (IDX) before and after Harbolnas (Hari Belanja Online Nasional) or National Online Shopping Days. The samples are all trading companies that have listed on the IDX in the year 2019. This study use multiple linear regression with a significance level of 5%. The results show there are no significant differences in the abnormal return before and after Harbolnas, and there are no significant differences in the TVA before and after the harbolnas

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KEMAMPUAN MENINGKATKAN PERTUMBUHAN LABA PERBANKAN DILIHAT DARI PENGARUH KESEHATAN KEUANGAN BANK

Jurnal Riset Manajemen dan Bisnis (JRMB) Fakultas Ekonomi UNIAT ◽

10.36226/jrmb.v3i2.106 ◽

2018 ◽

Vol 3 (2) ◽

pp. 135-144

Author(s):

Tyahya Whisnu Hendratni ◽

Nana Nawasiah ◽

Trisnani Indriati

Keyword(s):

Quantitative Data ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Multiple Linear Regression Analysis ◽

Capital Adequacy ◽

Operating Costs ◽

Publicly Traded ◽

Earnings Growth ◽

Capital Adequacy Ratio ◽

Profit Growth

The purpose of this study was to determine the effect of the ratio of Capital Adequacy Ratio (CAR), Loan to Deposite Ratio (LDR), Operational Income Operating Costs (BOPO) to Bank Profit Growth both partially and simultaneously at publicly traded bank companies in the Indonesia Stock Exchange (IDX ) period 2012 - 2016. The sample of this study is Commercial Banks in Indonesia which are listed on the Indonesia Stock Exchange (IDX) for the period of 2012 up to 2016 totaling 14 banks. This study uses quantitative data obtained from the Indonesia Stock Exchange with a method using multiple linear regression analysis. The results of the study show that simultaneously the CAR, BOPO, LDR variables affect earnings growth by 79% and the remaining 21% are influenced by other factors outside this research. Partially BOPO has a positive and significant effect on profit growth. While the CAR and LDR variables show that the results have no positive and insignificant effect on profit growth. Keywords: Profit Growth, CAR, BOPO, LDR

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IMPLIKASI RETURN ON EQUITY, RETURN ON ASSET, NET INCOME& DEBT TO EQUITY RATIO TERHADAP RETURN SAHAM PADA PERUSAHAAN PROPERTI

Jurnal Riset Manajemen dan Bisnis (JRMB) Fakultas Ekonomi UNIAT ◽

10.36226/jrmb.v3i1.86 ◽

2018 ◽

Vol 3 (1) ◽

pp. 59-66

Author(s):

Muhammad Richo Rianto

Keyword(s):

Data Analysis ◽

Capital Market ◽

Stock Return ◽

Stock Exchange ◽

Secondary Data ◽

Net Income ◽

Return On Equity ◽

Property Companies ◽

Equity Ratio

The research aims to analyze the effect of Return On Equity (ROE ), Return On Asset (ROA), Net Income (NI) and Debt to Equity (DER) on partially and simultaneously to Return Investment (RI) in property companies. Data were collected from secondary data in the financial documentation of Indonesian Capital Market Directory ( ICMD ) and also can download in the official website of the Indonesian Stock Exchange www. IDX.co.id. Data analysis was using Eviews version 7.1. The results show that: ROE, ROA, NI, and DER simultaneously significant effect on the property company’s stock return, but partially only ROE and DER variable that significantly effects on stock return. Keywords: Return on Equity, Return on Asset, Net Income, Debt to Equity, Return Investment

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