scholarly journals FAKTOR PENENTU HARGA SAHAM SEKTOR OTOMOTIF: PERAN KEBIJAKAN DIVIDEN, PROFITABILITAS, UKURAN PERUSAHAAN DAN GROWTH OPPORTUNITY

2020 ◽  
Vol 2 (1) ◽  
pp. 29-40
Author(s):  
Oktavia Aqma Roza ◽  
Diyan Lestari
Keyword(s):  
Firm Size ◽  
Stock Prices ◽  
Stock Price ◽  
Sampling Method ◽  
Dividend Policy ◽  
Hypothesis Test ◽  
Sampling Technique ◽  
Panel Regression ◽  
Purposive Sampling ◽  
Growth Opportunity

This study aims to analyze the effect of dividend policy, profitability, firm size, and growth opportunity on stock prices in automotive companies during 2009-2017. This study was performed by 13 automotive companies. The sampling technique used in this research is purposive sampling method. This study has 8 companies. Data are analyzed using panel regression and hypothesis test (t statistic). The result showed that dividend policy does not affect the stock prices while profitability, firm size and growth opportunity had an effect on the stock price.  

scholarly journals PENGARUH EPS, PER, KEBIJAKAN DIVIDEN, FIRM SIZE (SIZE), DAN BOOK VALUE (BV) TERHADAP HARGA SAHAM PERUSAHAAN PADA INDEKS LQ45 TAHUN 2009-2012

2017 ◽  
Vol 19 (2) ◽  
pp. 219
Author(s):  
Suherman Suherman ◽  
Estu Setiyoaji ◽  
Gatot Nazir Ahmad
Keyword(s):  
Data Analysis ◽  
Firm Size ◽  
Stock Price ◽  
Sampling Method ◽  
Dividend Policy ◽  
Panel Data Analysis ◽  
Research Model ◽  
Book Value ◽  
Purposive Sampling ◽  
Sales Company

Tujuan penelitian ini untuk mengetahui pengaruh Earning Per Share (EPS), Price Earning Ratio (PER), Kebijakan Dividen, Ukuran Perusahaan (SIZE), dan Nilai Buku (BV) pada harga saham dengan parsial dan simultan. Kebijakan dividen yang diukur dengan Dividend Per Share (DPS). Dan ukuran perusahaan diukur dengan penjualan perusahaan. Model dalam penelitian ini menggunakan analisis data panel. Sampel yang yang digunakan 51 perusahaan yang terdaftar di Indeks LQ-45 2007-2010 yang dipilih dengan metode purposive sampling. Hasil empiris menunjukkan bahwa sebagian Earning Per Share (EPS), Price Earning Ratio (PER), dan Nilai Buku (BV) berpengaruh signifikan positif terhadap harga saham. Selanjutnya, kebijakan dividen dan ukuran perusahaan tidak memiliki pengaruh yang signifikan positif terhadap harga saham. Selain itu hasilnya secara bersamaan menunjukkan bahwa Earning Per Share (EPS), Price Earning Ratio (PER), Kebijakan Dividen, Perusahaan Ukuran (SIZE), dan Nilai Buku (BV) memiliki pengaruh yang signifikan terhadap harga saham.The purpose of this study is to know the effect of Earning Per Share (EPS), Price Earning Ratio (PER), Dividend Policy, Firms Size (SIZE), and Book Value (BV) on stock price with partially and simultaneously. Dividend policy is measured by Dividend Per Share (DPS). And firm size is measured by sales company. The research model in this study used panel data analysis. The samples are 51 firms listed on Index LQ-45 in 2007- 2010 selected by purposive sampling method. The empirical results partially show that Earning Per Share (EPS), Price Earning Ratio (PER), and Book Value (BV) have positive significant effect on stock price. Further, dividend policy and firm size do not have positive significant effect on stock price. Beside that the result simultaneously showed that Earning Per Share (EPS), Price Earning Ratio (PER), Dividend Policy, Firms Size (SIZE), and Book Value (BV) have significant effect on stock price.

Effect Of Leverage, Inflation And GDP To Share Price Pt. Astra Otoparts Tbk.

ProBank ◽  
2018 ◽  
Vol 3 (2) ◽  
pp. 17-21
Author(s):  
Heriyanta Budi Utama ◽  
Florianus Dimas Gunurdya Putra Wardana
Keyword(s):  
Gross Domestic Product ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Share Price ◽  
Domestic Product ◽  
Coefficient Of Determination ◽  
Test Results ◽  
Purposive Sampling

The purpose of this study was to obtain empirical evidence about the effect of leverage, inflation and Gross Domestic Product (GDP) of the share price at PT. Astra Autopart, Tbk. companies in Indonesia Stock Exchange in 2011-2015. The sampling technique in this study using a purposive sampling. With the technique of purposive  sampling, all the members of the research samples by criteria. Samples that meet the criteria are used research data. Then followed the classic assumption test and test hypotheses by linear regression. The results of this study demonstrate the regression results in regression equation that Y = 2605,424 + 1561,550 X1 + 2,338 X2 + 38,994X3. T test results showed that the leverage anda GDP (Gross Domestic Product) is positive and significant effect on stock prices, while inflation is not positive and significant effect on stock prices. F test results showed that jointly leverage variables, inflation and GDP variables affecting the stock price significantly. The test results R2 (coefficient of determination) found that the variable leverage, inflation and GDP able to explain 35,4% of the stock price variable, while the remaining 64,6% is explained by other variables.Keywords: leverage, inflation, GDP, and the share priceThe purpose of this study was to obtain empirical evidence about the effect of leverage, inflation and Gross Domestic Product (GDP) of the share price at PT. Astra Autopart, Tbk. companies in Indonesia Stock Exchange in 2011-2015.The sampling technique in this study using a purposive sampling. With the technique of purposive  sampling, all the members of the research samples by criteria. Samples that meet the criteria are used research data. Then followed the classic assumption test and test hypotheses by linear regression.The results of this study demonstrate the regression results in regression equation that Y = 2605,424 + 1561,550 X1 + 2,338 X2 + 38,994X3. T test results showed that the leverage anda GDP (Gross Domestic Product) is positive and significant effect on stock prices, while inflation is not positive and significant effect on stock prices. F test results showed that jointly leverage variables, inflation and GDP variables affecting the stock price significantly. The test results R2 (coefficient of determination) found that the variable leverage, inflation and GDP able to explain 35,4% of the stock price variable, while the remaining 64,6% is explained by other variables.Keywords: leverage, inflation, GDP, and the share price

scholarly journals ANALISIS PERGERAKAN SAHAM PERUSAHAAN SUB SEKTOR FARMASI MENGGUNAKAN INDIKATOR BOLLINGER BAND DI TENGAH PANDEMI COVID-19

2020 ◽  
Vol 3 (2) ◽  
pp. 77-88
Author(s):  
Intan Elita ◽  
K. Bagus Wardianto ◽  
M. Iqbal Harori
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Sampling Method ◽  
Sample Selection ◽  
T Test ◽  
Analysis Tool ◽  
Selection Technique ◽  
Purposive Sampling ◽  
Analysis Technique ◽  
Significant Difference

This study aims to measure the accuracy of technical analysis using the Bollinger Band indicator in predicting stock prices in the middle of pandemic covid-19. The concept in this study is to compare daily stock price predictions according to technical indicators with the closing prices that occured on that day. Sample selection technique used in this research used a purposive sampling method and obtained 9 pharmaceutical sub-sector companies listed on the IDX from February to April 2020. The type of data used is a chart of the company's daily stock price movements obtained from finance.yahoo.com. The data analysis technique used was the paired sample t-test and used the SPSS 26 analysis tool. The results of this study indicate that the Bollinger indicator does not have a significant difference. ABSTRAK Penelitian ini bertujuan untuk mengukur keakuratan analisis teknikal dengan indikator Bollinger Band dalam memprediksi harga saham pada masa pandemi Covid-19. Konsep pada penelitian ini adalah membandingkan prediksi harga saham harian menurut indikator teknikal dengan harga penutupan yang terjadi pada hari tersebut. Teknik pengambilan sampel dalam penelitian ini menggunakan metode purposive sampling dan diperoleh sebanyak 9 perusahaan sub sektor farmasi yang terdaftar di BEI selama Februari hingga April 2020. Jenis data yang digunakan yaitu berupa grafik pergerakan harga saham harian perusahaan yang diperoleh dari finance.yahoo.com. Teknik analisis data yang digunakan adalah uji independent sample t-test dan menggunakan alat analisis program SPSS 26. Hasil penelitian ini menunjukkan bahwa indikator Bollinger tidak memiliki perbedaan yang signifikan.

Kebijakan Portofolio Optimal Saham Syariah pada Indeks Saham Syariah Indonesia (ISSI) Menggunakan Model Indeks Tunggal pada Masa Pandemi Covid 19 (Periode Januari sampai dengan Juni 2020)

2020 ◽  
Vol 9 (2) ◽  
pp. 233-246
Author(s):  
Baiq Wardah
Keyword(s):  
Data Analysis ◽  
Stock Price ◽  
Sampling Method ◽  
Sampling Technique ◽  
Analysis Method ◽  
Purposive Sampling ◽  
Index Model ◽  
Advantages And Disadvantages ◽  
Single Index Model ◽  
Repo Rate

This research uses a quantitative approach using descriptive methods. The population of this research is all stocks that are included in the largest market capitalization for the period January - March 2020 with a total of 50 shares. The sampling technique used in this study was purposive sampling method, so that 28 stocks were obtained as the research sample. The variables of this research are stock price, JCI, Bi 7-Day Repo Rate, Return, Risk, Selected Shares and Proportion of Funds. The data analysis method used in this study is the Single Index Model. Based on the research results, it is concluded that there are 3 stocks that meet the criteria for optimal portfolio formation and the proportion of funds for each of these stock, namely PT. Fajar Surya Wisesa Tbk. (FASW) 53.40%, 45.48% stock of PT. Bayan Resources Tbk. (BYAN) by 45.48% and stock of PT. Pollux Properti Indonesia Tbk. (POLL) by 1.12%. The implication of this research is to provide an overview or information for investors about the advantages and disadvantages of Islamic stocks during the Covid-19 pandemic.   Penelitian ini menggunakan pendekatan kuantitatif dengan menggunakan metode deskriptif. Populasi penelitian ini adalah seluruh saham yang masuk dalam kapitalisasi pasar terbesar periode Januari – Maret tahun 2020 dengan jumlah 50 saham. Teknik pengambilan sampel pada penelitian ini menggunakan metode purposive sampling, sehhingga diperoleh 28 saham sebagai sampel penelitian. Variabel penelitian ini adalah harga saham, IHSG, Bi 7-Day Repo Rate, Return, Risiko, Saham Terpilih dan Proporsi Dana. Metode analisis data yang digunakan pada penelitian ini adalah Model Indeks Tunggal. Berdasarkan hasil penelitian diperoleh kesimpulan, bahwa terdapat 3 saham yang memenuhi kriteria pembentukan portofolio optimal dan besar proporsi dana masing-masing saham tersebut, yakni saham PT. Fajar Surya Wisesa Tbk. (FASW) sebesar 53,40%, 45,48% saham PT. Bayan Resources Tbk. (BYAN) sebesar 45,48% dan saham PT. Pollux Properti Indonesia Tbk. (POLL) sebesar 1,12%. Implikasi dari penelitian ini adalah memberikan gambaran atau informasi bagi para investor tentang potensi keuntungan dan kerugian saham syariah pada saat masa pandemi Covid-19.

scholarly journals The Effect of Current Ratio (CR), Firm Size (FS), Return on Equity (ROE), and Earning Per Share (EPS) on the Stock Prices of Manufacturing Companies listed in Indonesia Stock Exchange in the 2014-2018 Period

2020 ◽  
Vol 3 (4) ◽  
pp. 2759-2773
Author(s):  
Yeni Ariesa ◽  
Tommy Tommy ◽  
Jane Utami ◽  
Intan Maharidha ◽  
Nanda Ciptara Siahaan ◽  
...  
Keyword(s):  
Firm Size ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Sample Selection ◽  
Sampling Technique ◽  
Total Sample ◽  
Manufacturing Companies ◽  
Current Ratio ◽  
Return On Equity

This study aims to determine the effect of Current Ratio on stock prices, the effect of Firm Size on stock prices, the effect of Return On Equity on Stock Prices, the effect of Earning Per Share on Stock Prices, and the influence of Current Ratio, Firm Size, Return On Equity, and Earning Per Share simultaneously on stock prices in the 5 year period, 2014-2018. This study uses a quantitative approach with a descriptive statistical analysis type. The population in this study amounted to 150 companies. This study uses financial statement data with time series for the last 5 years published from www.idx.co.id. In this study, the sample selection used purposive sampling technique. The sample of this study contained 49 companies in the last 5 years with a total sample quantity of 245 manufacturing companies. The results of this study indicate that partially Current Ratio and Return On Equity have no and insignificant effect on stock prices of manufacturing companies. Partially Firm Size and Earning Per Share have a positive and significant effect on stock prices of manufacturing companies. Meanwhile, the independent variable Current Ratio, Firm Size, Return On Equity, and Earning Per Share simultaneously have a significant effect on the variable stock price of manufacturing companies.

scholarly journals Faktor – Faktor Yang Mempengaruhi Kebijakan Dividen Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Periode Tahun 2012-2016

2017 ◽  
Vol 8 (2) ◽  
Author(s):  
Gloria Julianita Sendow ◽  
Grace B Nangoi ◽  
Winston Pontoh
Keyword(s):  
Stock Price ◽  
Sampling Method ◽  
Dividend Policy ◽  
Annual Report ◽  
Annual Reports ◽  
Purposive Sampling ◽  
The Third ◽  
Closing Price ◽  
Logistic Regression Method ◽  
Retained Earnings

Abstract. This study aims to determine the effect of Stock Price (Closing Price), Profitability (ROA), Retained Earnings to Total Assets (RETA), Liquidity (CR) and Debt (DAR) on Dividend Policy in Indonesian manufacturing company during 2012 to2016. 28 companies were chosen as samples. They were selected by purposive sampling method. This study obtained those companies’ annual reports from their official websites. Hypotheses were tested by using logistic regression method. The results show that the first hypothesis of stock price does not affect  Dividend policy (0.156 > 0.05); the second hypothesis is profitability, it affects Dividend policy (0.003 < 0.005; the third hypothesis is RETA, it does not affect Dividend Policy (0.131 > 0.05), the fourth one is Liquidity, it does not affect Dividend policy (0.888 > 0.05); and the fifth hypothesis is Debt (DAR), it does not affect Dividend Policy (0.365 > 0.05).Keywords: Dividend Policy, Stock Price, Profitability, RETA, Liquidity, Debt. Abstrak. Penelitian ini bertujuan untuk mengetahui pengaruh Harga Saham (Closing Price), Profitabilitas (ROA), Retained Earnings to Total Assets (RETA), Likuiditas (CR) dan Hutang (DAR) terhadap Kebijakan Dividen pada perusahaan manufaktur yang terdaftar di BEI pada tahun 2012-2016.  Pemilihan sampel dengan menggunakan metode purposive sampling sehingga diperoleh jumlah sampel sebanyak 28 perusahaan. Penelitian ini menggunakan data sekunder yaitu laporan tahunan (annual report) yang diperoleh melalui website resmi perusahaan. Pengujian hipotesis dilakukan dengan menggunakan metode regresi logistik. Hasil penelitian menunjukkan bahwa hipotesis pertama yaitu harga saham tidak mempengaruhi kebijakan dividen (0.156 > 0.05), hipotesis kedua yaitu profitabilitas mempengaruhi kebijakan dividen (0.003 < 0.05), hipotesis ketiga yaitu RETA tidak mempengaruhi kebijakan dividen (0.131 > 0.05), hipotesis keempat yaitu likuiditas tidak mempengaruhi kebijakan dividen (0.888 > 0.05) dan hipotesis ke lima yaitu hutang tidak mempengaruhi kebijakan dividen (0.365 > 0.05).Kata Kunci: Kebijakan dividen, harga saham, profitabilitas, RETA, likuiditas, hutang

scholarly journals Analisis Three Factor Fama and French Model terhadap Return pada Indeks Saham Syariah Indonesia (ISSI) Periode 2011-2014

2020 ◽  
Vol 3 (2) ◽  
pp. 105
Author(s):  
Esi Fitriani Komara ◽  
Erie Febrian ◽  
Mokhamad Anwar
Keyword(s):  
Firm Size ◽  
Stock Prices ◽  
Sampling Technique ◽  
Market Returns ◽  
Purposive Sampling ◽  
Panel Data Regression ◽  
Fama And French ◽  
Fama And French Model ◽  
Three Factor ◽  
French Model

Abstract: 3FF is a better model than CAPM. But this model is still new, so it still needs empirical evidence. Then this model still needs to be proven in Indonesia. ISSI consists of all Indonesian sharia shares listed on the IDX and DES. So the purpose of this study was to analyze the three FF factors on return on ISSI. The sampling technique is purposive sampling so that 142 issuers are obtained. This research method is an associative quantitative study using panel data regression in data processing. The research results partially market returns affect the return, while firm size and BE / ME do not affect the return. However simultaneously the three FF factors can influence the return. This shows that the three FF factors can estimate return on ISSI. So that suggestions for companies that are sampled always improve the company's financial performance in order to increase the value of the company so that stock prices are high. Keywords: Three Factor Fama and French Model Abstrak: 3FF merupakan model yang lebih baik dibandingkan CAPM. Tetapi model ini masih baru, sehingga masih perlu bukt-bukti empiris. Kemudian model ini masih perlu dibuktikan di Indonesia. ISSI terdiri dari seluruh saham syariah Indonesia yang tercatat di BEI dan DES. Sehingga Tujuan penelitian ini adalah untuk menganalisis ketiga factor FF terhadap return pada ISSI. Teknik pengambilan sampelnya  yaitu purposive sampling sehingga diperoleh 142 emiten. Metode penelitian ini adalah penelitian kuantitatif asosiatif dengan mengunakan regresi data panel dalam pengolahan datanya. Hasil penelitian secara parsial return market berpengaruh terhadap return, sedangkan firm size dan BE/ME tidak berpengaruh terhadap return. Walaupun demikian secara simultan ketiga factor FF dapat berpengaruh terhadap return.  Hal tersebut menunjukan bahwa tiga factor FF dapat mengestimasi return di ISSI. Sehingga saran bagi perusahaan yang dijadikan sampel selalu meningkatkan kinerja keuangan perusahaan agar dapat meningkatkan nilai perusahaan sehingga harga saham tinggi.  Katakunci: Model Tiga Faktor Fama and French  

scholarly journals PENGARUH STRUKTUR MODAL DAN PROFITABILITAS TERHADAP HARGA SAHAM (Studi Kasus Pada Perusahaan Asuransi yang Terdaftar Di Bursa Efek Indonesia Periode 2015 sampai dengan 2017)

2018 ◽  
Vol 3 (2) ◽  
pp. 308
Author(s):  
Mutiara Lusiana Annisa ◽  
Rizki Fitri Amalia
Keyword(s):  
Capital Structure ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Descriptive Analysis ◽  
Sampling Technique ◽  
Linear Analysis ◽  
Quantitative Approach ◽  
Insurance Companies ◽  
Purposive Sampling

This research purpose to know and explaining the effect of capital structure and profitability stock prices case of studies at the insurance companies that listed on the Indonesia Stock Exchange from period time of 2015 untul 2017. The type of research used is explanatory causality research with quantitative approach. Based on sampling technique “purposive sampling” researcher used 11 companies that meets the criteria. The method of analysis used in this research is statistical descriptive analysis multiple linear analysis. The result of the methods show that the capital structure and profitability have a significant effect on the structure of the stock price. The results of research for capital structure has an insignificant the stock price and profitability has a significant the stock price.

scholarly journals Analisis Faktor Yang Mempengaruhi Underpricing Pada Perusahaan Yang Terdaftar di Bursa Efek Indonesia Tahun 2010-2016

2018 ◽  
Vol 2 (2) ◽  
pp. 167
Author(s):  
Era Franatalia Sembiring ◽  
Gina Rahmawati ◽  
Ferby Wijaya Kusumawati
Keyword(s):  
Influencing Factors ◽  
Firm Size ◽  
Sampling Method ◽  
Hypothesis Test ◽  
Statistical Hypothesis ◽  
Return On Equity ◽  
Purposive Sampling ◽  
Statistical Hypothesis Test ◽  
Research Period ◽  
Research Show

Abstract. The aim of this research is to analyze the influencing factors stock underpricing in the year of 2010-2016. This research analyzes the influence Debt to Asset Ratio (DAR), Return on Equity (ROE), and the firm size to stock underpricing. This research uses purposive sampling method so, from 155 companies of the population, there are 96 companies were selected as research samples. The test consists of a classic assumption test and statistical hypothesis test namely partial test and simultan test uses multiple regressions. The results of the research show partially, variable return on equity (ROE) take effect negatively and significant to underpricing, firm size take effect positively and significant to underpricing, but variable debt to asset ratio (DAR) there is no effect to company underpricing. Simultaneously, debt to asset ratio (DAR), return on equity (ROE), and firm size jointly have a significant effect to underpricing. For further research, is expected to add to the research period and add more research variable allows affect underpricing. Keywords: DAR, IPO, ROE , Size, Underpricing Abstrak. Penelitian ini dilakukan dengan tujuan untuk menganalisis faktor-faktor yang mempengaruhi underpricing saham pada tahun 2010-2016. Penelitian ini menganalisis pengaruh Debt to Asset Ratio (DAR), Return on Equity (ROE), dan ukuran perusahaan terhadap underpricing saham. Metode pengambilan sampel dalam penelitian ini adalah purposive sampling sehingga dari 155 perusahaan yang menjadi populasi terpilih 96 perusahaan yang dijadikan sampel penelitian. Pengujian terdiri dari uji asumsi klasik dan uji hipotesis statistik yaitu uji parsial dan uji simultan menggunakan multiple regresi. Hasil penelitian menunjukkan bahwa secara parsial variabel return on equity (ROE) berpengaruh negatif dan signifikan terhadap underpricing, ukuran perusahaan (Size) berpengaruh positif dan signifikan terhadap underpricing, sedangkan variabel debt to asset ratio (DAR) tidak berpengaruh terhadap underpricing perusahaan. Secara simultan debt to asset ratio (DAR), return on equity (ROE), dan ukuran perusahaan (size) secara bersama-sama berpengaruh signifikan terhadap underpricing. Untuk penelitian selanjutnya diharapkan untuk menambah periode penelitian dan menambah varibel penelitian yang lebih memungkinkan mempengaruhi underpricing.  Kata Kunci : DAR, IPO, ROE , Size, Underpricing 

scholarly journals Analysis of the Effect of Financial Performance, Company Size on Stock Prices with Dividend Policy as Moderating Variable in Pharmaceutical Companies Listed on the Indonesia Stock Exchange 2013-2019

2021 ◽  
Vol 8 (7) ◽  
pp. 161-168
Author(s):  
Watikah Sururi ◽  
Idhar Yahya ◽  
Erwin Abubakar
Keyword(s):  
Firm Size ◽  
Stock Prices ◽  
Stock Price ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Secondary Data ◽  
Pharmaceutical Companies ◽  
Company Size ◽  
Policy Variable ◽  
A Company

Financial instrument shares as part-ownership rights of a company which is evidence of or participation in a company. This study analyzes the effect of profitability, solvency, activity liquidity, and company size on pharmaceutical companies listed on the Indonesian stock exchange for 2013 – 2019. This study will also examine the dividend policy variable used as the moderating variable in the research model. The population is pharmaceutical companies listed on the Indonesia Stock Exchange for the period 2013 – 2019. All populations in this study were used as research samples of as many as nine companies. Moreover, the number of observations used was 63 observations. The type of data used is secondary data and the data analysis technique used in Panel Data Regression Analysis and Interaction Moderating Test with the help of EViews10 software. This study indicates that at alpha five percent, profitability and firm size have a significant positive effect on stock prices. In contrast, solvency, liquidity, and activity ratios have no significant effect on stock prices. This study also shows that dividend policy can strengthen the influence of solvency and liquidity on stock prices. However, dividend policy cannot moderate profitability, activity, firm size on stock prices. Keywords: Profitability, solvency, liquidity, activity, company size, dividend policy, stock price.

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