PENGARUH LABA AKUNTANSI, ARUS KAS OPERASI DAN UKURAN PERUSAHAAN TERHADAP HARGA PENUTUPAN SAHAM MELALUI KEBIJAKAN DIVIDEN

This study aims to determine the effect of accounting profit, operating cash flow and company size on stock prices through dividend policy on consumer goods industry companies on the Indonesia Stock Exchange. This research uses quantitative methods and the type of explanatory research with 2016-2018 observation years in 17 company samples. The results show (1) accounting profit and operating cash flow have a positive and significant effect on dividend policy, while the size of the company has no influence on dividend policy. (2) accounting profit and operating cash flow do not have an effect on the closing prices, while the size of the company has a positive and significant effect on the closing prices. (3) dividend policy has a positive and significant effect on the closing prices. (4) there is no indirect effect of dividend policy in mediating accounting profit and operating cash flow on the closing prices, but there is an indirect effect of dividend policy in mediating company size on the closing prices.

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The Role of Dividend Policy in Inventing the Effect of Accounting Profit, Cash Flow, Operation and Corporate Size on the Price of Closing Stock

Basic and Applied Accounting Research Journal ◽

10.11594/baarj.01.01.01 ◽

2021 ◽

Vol 1 (1) ◽

pp. 1-14

Author(s):

Murtiadi Awaluddin ◽

Febriani Setijawan ◽

Rulyanti Susi Wardhani ◽

Muh. Akil Rahman

Keyword(s):

Cash Flow ◽

Indirect Effect ◽

Quantitative Methods ◽

Dividend Policy ◽

Stock Exchange ◽

Company Size ◽

Corporate Size ◽

Closing Price ◽

Operating Cash Flow

This study aims to determine the effect of accounting profit, operating cash flow and company size on the closing price of shares through dividend policy on consumer goods industry companies on the Indonesia Stock Exchange. This research uses quantitative methods and types of explanatory research, with 2016-2018 observation years in 17 company samples. The results showed (1) Accounting profit and operating cash flow had a positive and significant effect on dividend policy, while the size of the company had no influence on dividend policy. (2) Accounting profit and operating cash flow have no effect on the closing price of shares, while the size of the company has a positive and significant effect on the closing price of shares. (3) Dividend policy has a positive and significant effect on the closing price of shares. (4) There is no indirect effect of dividend policy in mediating accounting profit and operating cash flow on the closing price of shares, but there is an indirect effect of dividend policy in mediating company size on the closing price of shares

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Pengaruh Kinerja Keuangan, Kebijakan Dividen dan Umur Perusahaan Terhadap Nilai Perusahaan di Moderasi Ukuran Perusahaan

Jurnal Akuntansi dan Ekonomika ◽

10.37859/jae.v10i2.2042 ◽

2020 ◽

Vol 10 (2) ◽

pp. 188-197

Author(s):

Muhammad Hamdani

Keyword(s):

Capital Structure ◽

Financial Performance ◽

Consumer Goods ◽

Firm Value ◽

Dividend Policy ◽

Stock Exchange ◽

Company Size ◽

Industry Sector ◽

Company Value ◽

Consumer Goods Industry

Study was conducted in the consumer goods industry sector companies listed on the Indonesia Stock Exchange (IDX) in 2015-2018. The aim is to determine the effect of financial performance, dividend policy, and age of the company on the value of the company which is moderated by the size of the company. The sample of 37 companies. The variables used are liquidity, capital structure, profitability, dividend policy, the age of the company to the value of the company with the size of the company as moderation. Results showed that there were influences on financial performance, dividend policy, company age, company size on firm value and company size able to moderate the influence of capital structure, profitability, dividend policy, company age on company value and company size unable to moderate the effect of liquidity on firm value.

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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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PENGARUH PROFITABILITAS, LEVERAGE, LIKUIDITAS, UKURAN PERUSAHAAN DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN

Jurnal Ilmiah Akuntansi dan Manajemen ◽

10.31599/jiam.v16i2.395 ◽

2020 ◽

Vol 16 (2) ◽

pp. 57-66

Author(s):

Regia Rolanta ◽

Riana R Dewi ◽

Suhendro

Keyword(s):

Consumer Goods ◽

Firm Value ◽

Dividend Policy ◽

Stock Exchange ◽

Descriptive Analysis ◽

Linear Regression Analysis ◽

Sampling Technique ◽

Company Size ◽

Industry Sector ◽

Consumer Goods Industry

This study aimed to analyze the effect of profitability, leverage, liquidity, company size and dividend policy on firm value in the Consumer Goods Industry Sector Companies listed on the Stock Exchange in 2015-2018. In this study the Company Values measured using the Price to Book Value (PBV). This research method using descriptive analysis. The technique used is purposive sampling technique, so found 14 Consumer Goods Industry Sector Companies listed on the Stock Exchange from 2015 to 2018 period. The analysis used is multiple linear regression analysis. The results of this study showed that the variables of profitability, liquidity, and dividend policy affects the value of the company, while the company size and leverage variables do not affect the value of the company.

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Analisis Faktor yang Mempengaruhi Earning Management di Perusahaan Manufaktur Sektor Industri Barang Konsumsi yang Terdaftar di BEI Tahun 2015-2019

Horizon ◽

10.22202/horizon.v1i4.4945 ◽

2021 ◽

Vol 1 (4) ◽

pp. 733-747

Author(s):

Geni Ramadhani ◽

Citra Ramayani ◽

Nilmadesri Rosya

Keyword(s):

Earnings Management ◽

Cash Flow ◽

Firm Size ◽

Consumer Goods ◽

Stock Exchange ◽

Free Cash Flow ◽

Managerial Ownership ◽

Company Size ◽

Manufacturing Companies ◽

Consumer Goods Industry

This study aims to analyze: The effect of profitability, leverage, company size, managerial ownership, free cash flow on earnings management in manufacturing companies in the consumer goods industry listed on the IDX in 2015-2019. Earnings management is measured by discretionary accruals with the modified Jones model. The population in this study were all manufacturing companies in the consumer goods industry listed on the Indonesia Stock Exchange with a sample size of 13 companies. The data used in this study are data on manufacturing companies in the consumer goods industry listed on the Indonesia Stock Exchange in 2015-2019 using panel data regression. The results of this study indicate that profitability has no significant effect on earnings management. Leverage has a significant effect on earnings management. Firm size has no significant effect on earnings management. Managerial ownership has a significant effect on earnings management. Free cash flow has no significant effect on earnings management. Profitability, leverage, firm size, managerial ownership, free cash flow simultaneously have a significant effect on earnings management.Keywords: Profitability, Leverage, Company Size, Managerial Ownership, Free Cash Flow and Earnings Management

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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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Ownership Structure and Cash Flows As Determinants of Corporate Dividend Policy in Pakistan

International Business Research ◽

10.5539/ibr.v3n3p210 ◽

2010 ◽

Vol 3 (3) ◽

pp. 210 ◽

Cited By ~ 15

Author(s):

Talat Afza ◽

Hammad Hassan Mirza

Keyword(s):

Cash Flow ◽

Dividend Policy ◽

Stock Exchange ◽

Cash Flows ◽

Least Square ◽

Flow Sensitivity ◽

Cash Flow Sensitivity ◽

Operating Cash Flow ◽

The Impact ◽

Individual Ownership

Dividend Policy is among the widely addressed topics in modern financial literature. The inconclusiveness of the theories on importance of dividend in determining firm’s value has made it one of the most debatable topics for the researchers (see for example, Ramcharan, 2001; Frankfurter et. al 2002; Al-Malkawi, 2007). The present study investigates the impact of firm specific characteristics on corporate dividend behavior in emerging economy of Pakistan. Three years data (2005-2007) of 100 companies listed at Karachi Stock Exchange (KSE) has been analyzed using Ordinary Least Square (OLS) regression. The results show that managerial and individual ownership, cash flow sensitivity, size and leverage are negatively whereas, operating cash-flow and profitability are positively related to cash dividend. Managerial ownership, individual ownership, operating cash flow and size are the most significant determinants of dividend behavior whereas, leverage and cash flow sensitivity do not contribute significantly in determining the level of corporate dividend payment in the firms studied in our sample. Estimated results are robust to alternative proxy of dividend behavior i.e. dividend intensity.

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Pengaruh Leverage, Intensitas Persediaan, Aset Tetap, Ukuran Perusahaan, Komisaris Independen Terhadap Agresivitas Pajak

JAE (JURNAL AKUNTANSI DAN EKONOMI) ◽

10.29407/jae.v5i1.14141 ◽

2020 ◽

Vol 5 (1) ◽

pp. 69-76

Author(s):

Tutik Avrinia Wulansari ◽

Kartika Hendra Titisari ◽

Siti Nurlaela

Keyword(s):

Consumer Goods ◽

Stock Exchange ◽

Sampling Technique ◽

Negative Influence ◽

Company Size ◽

Fixed Asset ◽

Tax Aggressiveness ◽

Analysis Technique ◽

Fixed Assets ◽

Consumer Goods Industry

This study aims to determine the effect of leverage, inventory intensity, fixed asset intensity, company SIZE, and independent commissioners on tax aggressiveness. The population and sample in this study are consumer goods industry companies listed on the IDX for the 2015-2018 period. The sampling technique of this study was using purposive sampling technique. The number of samples in this study were 28 consumer goods industry companies listed on the Indonesia Stock Exchange in the 2015-2016 period. The data analysis technique used in this study is multiple linear regression. Based on the results of the analysis conducted shows that there is a negative influence of leverage, the intensity of fixed assets, company SIZE, and independent commissioners on tax aggressiveness. While the intensity of the inventory has no effect on tax aggressiveness.

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ANALISIS LAPORAN ARUS KAS SEBAGAI ALAT UKUR KINERJA KEUANGAN PADA PERUSAHAAN CONSUMER GOODS INDUSTRY DI BURSA EFEK INDONESIA

GOING CONCERN : JURNAL RISET AKUNTANSI ◽

10.32400/gc.12.2.17391.2017 ◽

2017 ◽

Vol 12 (2) ◽

Author(s):

Susanti Tudje ◽

David Saerang ◽

Sintje Rondonuwu

Keyword(s):

Cash Flow ◽

Consumer Goods ◽

Ratio Analysis ◽

Flow Ratio ◽

Analysis Method ◽

Total Debt ◽

Operating Cash Flow ◽

Cash Flow Statement ◽

Consumer Goods Industry ◽

A Company

The field of finance is a very important in a company, both in small and large-scale companies,or profitable motive and non-profit. The more advaced a company then the competition among companies getting tighter, thus making the company’s operation stabilized is the most important to improve the ability to complete and also to survive. The purpose of this research is to know and assess financial perfomances based on cash flow statement analysis on Consumer Goods Industry companies in BEI during 2012-2015.This type of research is a descriptive study using quatitative method and using the cash flow ratio analysis method, the ratio used in this study is the operating cash flow ratio, the ratio of cash flow to interest, the ratio of capital expenditure, the ratio of total debt, and the ratio cash flow to net income. From the result obtained by using ratio analysis method is less than 1,which can be conculeded that the financial performances of Consumer Goods Industry lapse year 2012-2015 has a poor financial perfomances because the calculation result with the ratio of total debt 0,2. 0,12.0,07. and 0,13 which menas the company has not been able to pay all liabilities from cash flow derived from the normal activities of the company.Keywords : Cash Flow Statement, Operating Cash Flow, Cash Flow Ratios, Financial Perfomances

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