scholarly journals Kinerja Reksadana Saham di Situs Bareksa

2021 ◽  
Vol 2 (2) ◽  
pp. 73-84
Author(s):  
Nicodemus Simu
Keyword(s):  
Cash Flow ◽  
Purposive Sampling ◽  
Expense Ratio ◽  
Turnover Ratio ◽  
Fund Size

Tujuan penelitian ini adalah untuk menganalisis pengaruh fund cash flow, fund size, expense ratio, dan turnover ratio terhadap kinerja reksadana. Kinerja reksadana diproksikan dengan nilai indeks Sharpe. Metode pemilihan sampel adalah metode purposive sampling, yang memperoleh tiga puluh perusahaan reksadana saham yang terdaftar di situs Bareksa. Data berdasarkan laporan keuangan tahunan reksadana saham 2016-2017. Teknik analisis yang digunakan adalah regresi data panel. Hasil penelitian mennyimpulkan bahwa hanya fund cash flow yang berpengaruh positif signifikan terhadap kinerja reksadana. Adapun pengaruh tiga variabel lainya, yaitu fund size, expense ratio dan turnover ratio terhadap kinerja reksadana tidak dapat dikonfirmasi.

scholarly journals FAKTOR INTERNAL YANG BERPENGARUH TERHADAP KINERJA REKSADANA SYARIAH DI INDONESIA PERIODE 2014-20171)

2020 ◽  
Vol 6 (1) ◽  
pp. 114
Author(s):  
Farah Faadilah ◽  
Puji Sucia Sukmaningrum
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Coefficient Of Determination ◽  
Expense Ratio ◽  
Turnover Ratio ◽  
Equity Funds ◽  
Endogenous Variables ◽  
Negative Effect ◽  
Fund Size ◽  
Positive Effect

This study aims to determine the effect of fund size, expense ratio and turnover ratio. The data used in this research is the net asset value data and shariah mutual fund prospectus of 4 shariah equity funds for the period 2014-2017. This study describes using multiple linear regression test to prove the relationship between exogenous and endogenous variables. The result of the test shows that partially fund size and positive effect is not significant on the performance of Islamic stock mutual funds, the expense ratio has no significant negative effect on the performance of Islamic equity mutual funds, while the turnover ratio has a significant positive effect on the performance of sharia mutual funds. While simultaneously fund size, expense ratio and turnover ratio have a significant influence with the coefficient of determination of 25,06%% while the remaining 74,94%  influenced by other variables not included in this study.Keywords: Sharia Mutual Funds Performance, Turnover Ratio, Cash Flow, Expense Ratio

Antecedents of Equity Fund Performance: A Contingency Perspective

2021 ◽  
Vol 24 (01) ◽  
pp. 2150006
Author(s):  
Li Xian Liu ◽  
Fuming Jiang ◽  
Jizhong Li ◽  
Omar Al Farooque
Keyword(s):  
Performance Management ◽  
Cash Flow ◽  
Family Size ◽  
Empirical Studies ◽  
Fund Performance ◽  
Management Compensation ◽  
Equity Fund ◽  
Expense Ratio ◽  
Contingency Perspective ◽  
Fund Size

While the fund performance management literature has clearly documented that the fund size, fund family size, and net cash flow are important antecedents of equity fund performance, prior empirical studies have revealed mixed results that have not been adequately explained. Through the lens of the contingency perspective, we developed a conceptual model that examines how the expense ratio and management compensation as contextual factors interact with the fund size, fund family size, and net cash flow to affect equity fund performance. The empirical analyses were based on panel data including 690 equity funds in China over a 7-year period from 2009 to 2015. The results show that the expense ratio and management compensation moderate the effects of the fund family size and net cash flow on fund performance, and management compensation also moderates the relationship between the fund size and fund performance.

scholarly journals Analisis pengaruh Expense Ratio, Turnover Ratio, Ukuran Reksadana dan Cashflow terhadap kinerja reksdana dengan menggunakan metode sharpe periode tahun 2007-2011

Jurnal IPTEK ◽  
2016 ◽  
Vol 1 (1) ◽  
pp. 32-36
Author(s):  
Annuridya Octasylva
Keyword(s):  
Cash Flow ◽  
Cash Flows ◽  
Expense Ratio ◽  
Index Data ◽  
Turnover Ratio ◽  
Turn Over

Reksa dana adalah sarana investasi yang sederhana dimana setiap orang dengan tujuan investasi jangka panjang yang sama mengumpulkan dana mereka. Kemudian mereka menunjuk manajer yang profesional untuk mengelola dana tersebut sesuai dengan tujuan investasinya.Penelitian ini dilakukan untuk mengetahui bagaimana pengaruh Expense Ratio, Turn Over, Ukuran Reksadana dan Cash Flow terhadap Kinerja Reksadana dengan menggunakan Sharpe’s Index. Data yang digunakan dalam penelitian ini adalah data bulanan NAB, expense ratio, turnover ratio dan cash flow dari 24 Reksa Dana saham  pada periode 2007-2011.Dari hasil penelitian diketahui bahwa tidak semua parameter memberikan pengaruh signifikan terhadap kinerja reksadana saham. Namun Expense Ratio, Turnover Ratio, Ukuran Reksa dana, dan Cash Flows secara simultan berpengaruh signifikan terhadap Kinerja Reksa Dana Saham.

Pengaruh Perubahan Laba, Arus Kas Operasi, DER dan DAR Terhadap Financial Distress pada Perusahaan Sub Sektor Semen, Keramik Porselin dan Kaca yang Terdaftar di BEI Tahun 2015 – 2019

2021 ◽  
Vol 11 (1) ◽  
pp. 1-14
Author(s):  
Ananda Rama Dhani ◽  
Nolla Puspita Dewi
Keyword(s):  
Cash Flow ◽  
Financial Distress ◽  
Sampling Method ◽  
Stock Exchange ◽  
Sample Selection ◽  
Manufacturing Companies ◽  
Purposive Sampling ◽  
Equity Ratio

This study aims to (1) determine the effect of Profit Changes on Financial Distress in Manufacturing companies in the cement, porcelain and glass sub-sector listed on the Indonesia Stock Exchange (2) determine the effect of Operational Cash Flow on Financial Distress in Manufacturing companies in the cement, porcelain and glass sub-sector listed on the Indonesia Stock Exchange (3) determine the effect of Debt To Equity Ratio (DER) on Financial Distress in Manufacturing companies in the cement, porcelain and glass sub-sector listed on the Indonesian Stock Exchange (4) determine the effect of Debt To Asset Ratio (DAR) on Financial Distress in Manufacturing companies in the cement, porcelain and glass sub-sector listed on the Indonesia Stock Exchange (5) determine the effect of Profit Changes, Operational Cash Flow, Debt T Equity Ratio (DER), Debt To Asset Ratio (DAR) on Financial Distress in Manufacturing companies in the cement, porcelain and glass sub-sector listed on the Indonesia Stock Exchange. The period used in this study is the period 2015-2019.The population in this study were Manufacturing companies in the sub-sector of cement, porcelain and glass which are listed on the Indonesia Stock Exchange. The sample selection used purposive sampling method.

scholarly journals KEBIJAKAN PEMBAGIAN DIVIDEN KAS DI PERUSAHAAN SUB SEKTOR PERDAGANGAN ECERAN

2021 ◽  
Vol 7 (2) ◽  
pp. 175-186
Author(s):  
Rochman Marota ◽  
Vinna Oktaviani ◽  
Amelia Rahmi
Keyword(s):  
Cash Flow ◽  
Firm Size ◽  
Sampling Method ◽  
Stock Exchange ◽  
Net Income ◽  
Investment Opportunity ◽  
Purposive Sampling ◽  
Investment Opportunity Set ◽  
Operating Cash Flow ◽  
Retail Trading

ABSTRAKTujuan dari penelitian ini adalah untuk menganalisis pengaruh laba bersih, arus kas operasi, investment opportunity set, dan firm size terhadap dividen kas. Penelitian ini dilakukan pada perusahaan sub perdagangan eceran yang terdaftar di Bursa Efek Indonesia periode 2015–2019. Sampel terdiri dari lima perusahaan yang dipilih dengan menggunakan metode purposive sampling. Penelitian ini menggunakan uji regresi linear berganda untuk menguji hipotesis. Hasil pengujian menunjukkan bahwa laba bersih berpengaruh positif terhadap dividen kas, sedangkan arus kas operasi, investment opportunity set, dan firm size tidak berpengaruh. Hal ini dapat menjadi perhatian bagi perusahaan untuk terus meningkatkan kinerja perusahaan dalam menghasilkan laba bersih. Dengan laba yang tinggi, para investor akan lebih tertarik untuk menginvestasikan dananya. ABSTRACTThe purpose of this study is to analyze the effect of net income, operating cash flow, investment opportunity set, and firm size on cash dividends. This research was conducted on sub-retail trading companies listed on the Indonesia Stock Exchange for the 2015–2019 period. The sample consists of five companies, selected using the purposive sampling method. It uses multiple linear regression to test the hypotheses. Results show that net income affects positively cash dividends. While cash flow, investment opportunity set, and firm size does not affect cash dividends. This can be a concern for the company to continue to improve the company's performance in generating net income. With high profits, investors will be more interested in investing their funds.

scholarly journals PENGARUH FREE CASH FLOW, FINANCIAL DISTRESS, DAN INVESTMENT OPPORTUNITY SET TERHADAP MANAJEMEN LABA

2021 ◽  
Vol 14 (1) ◽  
Author(s):  
Sally Irawan ◽  
Prima Apriwenni
Keyword(s):  
Earnings Management ◽  
Cash Flow ◽  
Financial Distress ◽  
Stock Exchange ◽  
Total Sample ◽  
Free Cash Flow ◽  
Investment Opportunity ◽  
Purposive Sampling ◽  
Investment Opportunity Set ◽  
Positive Effect

<p><strong><em>ABSTRACT :  </em></strong><em>Stakeholders pay attention to the earnings report, thus encouraging company managers to plan strategies to produce reports expected by stakeholders. Earnings management is one way that can be done. Managers can intervene the earnings management by increasing or decreasing profit in order to achieve a certain level of profit which benefits himself or the company. This study aims to determine the influence of free cash flow, financial distress, and investment opportunity set on earnings management. </em><em>The research sample consisted of 11 infrastructure, utility, and transportation companies listed on the Indonesia Stock Exchange in 2014-2018 with the total sample of 55 data. This study used a purposive sampling method and was tested with SPSS 22.0 Software. The results show that the data have met the pooling test, classical assumptions and established criteria. The results of the F test show that the earnings management variable is affected simultaneously by free cash flow, financial distress, and investment opportunity set variables. The t test results show that the free cash flow and investment opportunity set have a significant positive effect on earnings management, whereas financial distress does not. In sum, there is enough evidence that free cash flow and investment opportunity set positively affect earnings management, but financial distress does not have enough evidence to influence earnings management.</em></p><p><strong><em>Keywords: </em></strong><em> Earnings Management, Free Cash Flow, Investment Opportunity Set, Financial Distress.</em></p><p><em> </em></p><p><strong>ABSTRAK:</strong> Laporan laba menjadi perhatian para <em>stakeholders</em> sehingga mendorong manajer perusahaan melakukan perencanaan strategi untuk menghasilkan laporan yang diharapkan <em>stakeholder</em>. Manajemen laba adalah salah satu cara yang dapat dilakukan. Intervensi manajer untuk melakukan manajemen laba dengan cara menaikkan atau menurunkan laba guna mencapai tingkat laba tertentu untuk menguntungkan dirinya sendiri atau perusahaan. Penelitian ini bertujuan untuk mengetahui pengaruh <em>free cash flow, financial distress, </em>dan <em>investment opportunity set </em>terhadap manajemen laba. Sampel penelitian ini adalah perusahaan infrastruktur, utilitas, dan transportasi yang terdaftar di Bursa Efek Indonesia periode 2014-2018. Total sampel yang digunakan adalah 11 perusahaan dengan data observasi yang diperoleh sebanyak 55. Teknik pengambilan sampel yang digunakan adalah <em>non-probability sampling</em> dengan menggunakan metode <em>purposive sampling</em> dan pengujian yang dilakukan dengan bantuan <em>software</em> SPSS 22.0. Hasil penelitian dari data yang digunakan,  untuk uji pooling dan asumsi klasik telah lulus uji dan sudah memenuhi kriteria yang ditetapkan. Hasil uji F menunjukkan bahwa variable manajemen laba dipengaruhi secara simultan oleh variable <em>free cash flow, financial distress, </em>dan <em>investment opportunity set. </em>Dari hasil uji t memperlihatkan hasil bahwa <em>free cash flow </em>dan<em> investment opportunity set </em>mempunyai nilai signifikan positif terhadap manajemen laba, tapi untuk <em>financial distress </em>tidak mempunyai nilai signifikan terhadap manajemen laba. Kesimpulan dari penelitian ini adalah<em> free cash flow </em>dan <em>investment opportunity set </em>berpengaruh positif terhadap manajemen laba, sedangkan <em>financial distress </em>tidak berpengaruh terhadap manajemen laba.</p><p><strong>Kata Kunci:</strong> Manajemen Laba,<em> Free Cash Flow,  Investment Opportunity Set, Financial Distress</em></p><p> </p>

scholarly journals The Influence of Future Cash Flow Predictions on Profits in Companies Listed on the Indonesia Stock Exchange

2021 ◽  
pp. 026-033
Author(s):  
Titik Purwanti
Keyword(s):  
Cash Flow ◽  
Stock Exchange ◽  
Cash Flows ◽  
Net Income ◽  
Purposive Sampling ◽  
Future Cash Flow ◽  
Operating Profit ◽  
Food And Beverage ◽  
Future Cash Flows

This research was conducted to determine the effect of future cash flow predictions on profits (gross profit, operating profit, and net income) in food and beverage companies listed on the Indonesia Stock Exchange. The method used in this research used purposive sampling with a population of food and beverage companies listed on the Indonesia Stock Exchange for the period 2016-2018. The samples in this research were 19 companies. The results obtained indicate that the operating profit variable has a partial effect on future cash flows, while the net income variable and the gross profit variable do not partially affect future cash flows. Simultaneously, gross profit, operating profit and net income have an effect on future cash flows.

scholarly journals PENGARUH FREE CASH FLOW DAN LEVERAGE TERHADAP MANAJEMEN LABA DENGAN GOOD CORPORATE GOVERNANCE SEBAGAI VARIABEL MODERASI

AKUNTABILITAS ◽  
2019 ◽  
Vol 13 (1) ◽  
pp. 69-82
Author(s):  
Erma Setiawati ◽  
Mujiyati Mujiyati ◽  
Erma Marga Rosit
Keyword(s):  
Corporate Governance ◽  
Regression Analysis ◽  
Earnings Management ◽  
Cash Flow ◽  
Free Cash Flow ◽  
Leverage Effect ◽  
Purposive Sampling ◽  
Good Corporate Governance

This research aimed to examine the effect of free cash flow and leverage to earnings management.This study also examines the role of good corporate governance as measured by the index Government in moderating influence of free cash flow and leverage on earnings management. This research was conducted in the company are listed in the JakartaIslamicIndex(JII)from2015-2017 and unlisted in the Bursa Efek Indonesia(BEI).The sample is determined by purposive sampling with 45 samples. This analysis uses regression analysis moderation (MRA). The results of the research indicate where (1) free cash flow significant effect on earnings management, (2) no leverage effect on earnings management, (3) good corporate governance as measured by the index of corporate governance is not able to moderate the influence of free cash flow and earnings management

scholarly journals REAKSI HARGA SAHAM SAAT PENGUMUMAN DIVIDEN TUNAI DIMODERASI OLEH FREE CASH FLOW

2017 ◽  
pp. 4015
Author(s):  
Ni Wayan Lady Andini ◽  
I D.G Dharma Suputra ◽  
Made Gede Wirakusuma
Keyword(s):  
Regression Analysis ◽  
Cash Flow ◽  
Free Cash Flow ◽  
Purposive Sampling ◽  
Event Date

Penelitian ini menguji reaksi harga saham saat terjadinya pengumuman dividen tunai, yang dimoderasi oleh free cash flow. Informasi tentang pembagian dividen dipercaya dapat memengaruhi perilaku harga saham di pasar modal. Beberapa hasil penelitian sebelumnya masih terdapat inkonsistensi, sehingga variabel free cash flow dimasukkkan sebagai variabel moderasi yang diprediksi mampu memperkuat pengaruh pengumuman dividen tunai pada reaksi harga saham. Populasi penelitian ini adalah seluruh perusahaan yang terdaftar di BEI periode 2013-2015. Sampel penelitian ditentukan dengan metode purposive sampling, yang menghasilkan 32 sampel tahun 2013, 34 sampel tahun 2014, dan 25 sampel tahun 2015. Teknik analisis data yang digunakan adalah Moderated Regression Analysis (MRA). Hasil penelitian ini menunjukkan bahwa pengumuman dividen tunai berpengaruh positif pada reaksi harga saham, sedangkan free cash flow tidak terbukti sebagai pemoderasi pengaruh pengumuman dividen tunai pada reaksi harga saham. Pengembangan penelitian ini dapat dilakukan dengan mengganti event date menggunakan periode terjadinya RUPS, serta menggunakan kebijakan dividen (meningkat atau menurun) sebagai variabel independen, sehingga mampu membuktikan peran free cash flow sebagai pemoderasi.

scholarly journals Pengaruh Free Cash Flow dan Kepemilikan Manajerial terhadap Kebijakan Hutang (Studi Pada Perusahaan Yang Terdaftar di Jakarta Islamic Index).

2018 ◽  
Vol 4 (2) ◽  
pp. 31
Author(s):  
Rezki Zurriah
Keyword(s):  
Cash Flow ◽  
Free Cash Flow ◽  
Purposive Sampling

<p>Penelitian ini bertujuan untuk menguji dan menganalisis <em>free cash flow</em> (arus kas bebas) dan kepemilikan manajerial berpengaruh terhadap kebijakan hutang pada perusahaan yang terdaftar di <em>Jakarta Islamic Index</em> tahun 2012 sampai dengan tahun 2015. Pengambilan sampel menggunakan <em>purposive sampling</em>, diperoleh sebanyak 17 perusahaan sampel dari populasi 49 perusahaan dengan total observasi 68 unit analisis. Metode pengumpulan data sekunder dengan teknik studi dokumentasi berupa laporan keuangan dan laporan keuangan tahunan yang dipublikasikan melalui website <a href="http://www.idx.co.id/">www.idx.co.id</a>. Metode analisis data dalam penelitian ini adalah regresi linier berganda. Hasil penelitian ini menunjukkan bahwa secara parsial variabel <em>free cash flow</em> dan kepemilikan manajerial tidak berpengaruh signifikan terhadap kebijakan hutang. Secara simultan variabel <em>free cash flow </em>dan kepemilikan manajerial berpengaruh positif signifikan terhadap kebijakan hutang pada perusahaan yang terdaftar di <em>Jakarta Islamic Index </em>(JII) pada tahun 2012 sampai 2015.</p><p> </p><p> <strong>Kata kunci : <em>free cash flow </em>(arus kas bebas), kepemilikan manajerial, kebijakan hutang</strong></p>

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