Pengaruh Kinerja Keuangan Terhadap Return Saham Perusahaan Badan Usaha Milik Negara

Abstract This objective of this research is to investigate the influence of current ratio, cash ratio, debt ratio to stock returns. The sample is selected by purposive sampling method, ie sampling technique using a certain considerations that are relevant to the selected sample research purposes. The number of samples obtained are 20 BUMN companies listed on the Indonesia Stock Exchange. The results of this study indicate that the current ratio and cash ratio as a measurement of financial performance have a positive and significant effect on stock returns. While the debt ratio has a negative and insignificant effect on stock returns. Keywords : Financial Performance, Financial Ratios, Stock Return. Abstrak Penelitian ini bertujuan untuk menganalisa pengaruh current ratio, cash ratio, debt ratio terhadap return saham. Penentuan sampel dilakukan dengan menggunakan metode purposive sampling, yaitu teknik sampling dengan menggunakan pertimbangan dan batasan tertentu sehingga sampel yang dipilih relevan dengan tujuan penelitian. Jumlah sampel yang diperoleh sebanyak 20 perusahaan BUMN yang terdaftar di Bursa Efek Indonesia. Data dianalisis dengan analisis deskriptif dan analisis regresi berganda. Hasil dari penelitian ini mengindikasikan bahwa current ratio dan cash ratio sebagai pengukuran kinerja keuangan memiliki pengaruh positif dan signifikan terhadap return saham. Sedangkan debt ratio berpengaruh negatif dan tidak signifikan terhadap return saham. Kata Kunci : Kinerja Keuangan, Rasio Keuangan, Return Saham.

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Pengaruh Likuiditas dan Profitabilitas Terhadap Return Saham (Studi Empiris Pada Perusahaan Manufaktur Sub Sektor Makanan dan Minuman di Bursa Efek Indonesia)

Kompartemen Jurnal Ilmiah Akuntansi ◽

10.30595/kompartemen.v17i1.4681 ◽

2020 ◽

Vol 17 (1) ◽

Author(s):

Siswadi Sululing ◽

Stefany Sandangan

Keyword(s):

Stock Returns ◽

Stock Return ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Sampling Technique ◽

Multiple Linear Regression Analysis ◽

Return On Assets ◽

Current Ratio ◽

Purposive Sampling ◽

Negative Effect

ABSTRACTThis study aims to examine the effect of current ratio and return on assets on stock returns. The dependent variable used in this study is stock returns as measured by average stock returns. While the independent variables are current ratio and return on assets. The population in this study was the food and beverage sub-sector company on the Indonesia Stock Exchange in the period of 2012-2016. The sampling technique used in this study is purposive sampling. The analysis technique used in this study was multiple linear regression analysis. The results of the analysis show that the current ratio have a negative effect on the company's stock return. While, return on assets have a positive effect on the company's stock return. ABSTRAKPenelitian ini bertujuan untuk menguji pengaruh current ratio dan return on assets terhadap return saham. Variabel dependen yang digunakan dalam penelitian ini adalah return saham yang diukur dengan return saham rata-rata. Sedangkan variabel independen adalah current ratio dan return on assets. Populasi dalam penelitian ini adalah perusahaan Sub Sektor Makanan dan Minuman di Bursa Efek Indonesia periode 2012 – 2016. Sampel dalam penelitian ini menggunakan purposive sampling. Teknik analisis yang digunakan dalam penelitian ini adalah analisis regresi linier berganda. Hasil analisis menunjukkan bahwa current ratio berpengaruh negatif terhadap return saham perusahaan. Sementara return on asset berpengaruh positif terhadap return saham perusahaan.

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PERAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING PADA PENGARUH LIKUDITAS, DER DAN SIZE TERHADAP RETURN SAHAM INDEKS SRI KEHATI

Jurnal Riset Ekonomi dan Bisnis ◽

10.26623/jreb.v14i1.2973 ◽

2021 ◽

Vol 14 (1) ◽

pp. 1

Author(s):

Tito Rahardian ◽

Hersugondo Hersugondo

Keyword(s):

Stock Returns ◽

Firm Size ◽

Stock Return ◽

Sampling Method ◽

Stock Exchange ◽

Current Ratio ◽

Purposive Sampling ◽

Listed Firms ◽

Analysis Technique ◽

Equity Ratio

Penelitian ini bertujuan untuk menganalisis pengaruh likuiditas, debt to equity ratio, dan ukuran perusahaan terhadap return saham. Populasi yang digunakan dalam penelitian ini adalah seluruh perusahaan yang terdaftar di Bursa Efek Indonesia tahun 2020. Setelah melalui metode purposive sampling terdapat 16 perusahaan yang diperoleh sebagai sampel dari indeks SRI-Kehati selama tahun 2012-2018. Teknik analisis data yang digunakan adalah analisis jalur, versi luas dari regresi linier berganda dan menggunakan alat analisis SPSS versi 23. Hasil penelitian menunjukkan bahwa current ratio dan firm size berpengaruh negatif tidak signifikan terhadap return saham, debt to equity ratio dan ROA berpengaruh positif signifikan terhadap return saham. Rasio lancar dan DER berpengaruh signifikan negatif terhadap ROA, sedangkan ukuran perusahaan berpengaruh signifikan positif terhadap ROA. Sedangkan ROA tidak berpengaruh memediasi hubungan current ratio dan debt to equity ratio terhadap return saham, tetapi ROA berpengaruh memediasi hubungan ukuran perusahaan dengan return saham.This study aims to analyze the effect of liquidity, debt to equity ratio, and firm size on stock return. Current ratio used as a proxy from liquidity and ROA were used as proxy from profitability. The population that was used in this research consisted of all listed firms in Indonesia Stock Exchange 2020. After passed the purposive sampling method there were 16 firms obtained as samples from SRI-Kehati index during 2012-2018. The data analysis technique is path analysis, the wide version from multiple linear regression. The result of this research showed that current ratio and firm size have negatively non significant impact on stock returns, debt to equity ratio and ROA have positively significant impact on stock returns. Current ratio and debt to equity ratio have a negatively significant effect on ROA, while firm size has positively significant impact on ROA. Meanwhile, ROA doesn’t have impact on mediating relation of current ratio and debt to equity ratio to stock returns, but ROA have an impact on mediating relation of firm size to stock returns.

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ANALISIS PENGARUH RASIO PROFITABILITAS TERHADAP RETURN SAHAM DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL MODERASI STUDI EMPIRIS PADA PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA PERIODE 2012-2015

Jurnal Magister Akuntansi Trisakti ◽

10.25105/jmat.v4i1.4988 ◽

2017 ◽

Vol 4 (1) ◽

pp. 75

Author(s):

Febriany Utami ◽

Etty Murwaningsari

Keyword(s):

Stock Returns ◽

Stock Return ◽

Sampling Method ◽

Stock Exchange ◽

Sampling Technique ◽

Dividend Payout ◽

Earnings Per Share ◽

Stock Investment ◽

Profitability Ratios ◽

Positive Effect

The purpose of this research is to know empirically influence of of profitability ratios with stock returns that are moderated by dividend policy to see the description of decisions investors will take. Return on the results (gain or loss) obtained from a stock investment This research sample is 43 companies listed on the Indonesia Stock Exchange from 2012-2015. Sampling technique is purposive sampling method. The method of analysis used is moderated regression analysis. The result of the research shows that ROA, ROE, DPR have a significant positive effect on Stock Return, while NPM and EPS have no significant effect on Return of Stock and Result of this research Dividend Payout Ratio (DPR) strengthens ROA, ROE, NPM to Return. While Dividend Payout Ratio does not strengthen Earnings Per Share (EPS) relationship to 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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Pengaruh Intellectual Capital Dan Leverage Terhadap Financial Performance Dengan Moderasi Firm Size

Jurnal Ekonomi ◽

10.24912/je.v26i3.797 ◽

2021 ◽

Vol 26 (3) ◽

pp. 379

Author(s):

Viriany, Henny Wirianata

Keyword(s):

Financial Performance ◽

Empirical Evidence ◽

Firm Size ◽

Intellectual Capital ◽

Stock Exchange ◽

Manufacturing Sector ◽

Sampling Technique ◽

Research Data ◽

Purposive Sampling ◽

Insignificant Effect

The purpose of this study is to obtain empirical evidence in regard to the effect of intellectual capital, leverage, and liquidity on financial performance, with firm size as a moderating variable on companies in manufacturing sector, listed in Indonesia Stock Exchange for the 2017-2019 period. The research data was tested by utilizing Eviews version 11. The research samples that used are 64 companies in manufacturing sector with a total of 192 data sorted by utilizing purposive sampling technique. The research results indicate that intellectual capital possess a positive and significant effect on financial performance, while leverage possess insignificant effect on financial performance. Furthermore, the results also indicate that firm size moderate the effect of intellectual capital and leverage on financial performance.

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PENGARUH CURRENT RATIO, TOTAL ASSET RATIO, RETURN ON INVESTMENT, UKURAN PERUSAHAAN (SIZE) DAN INFLASI TERHADAP RETURN SAHAM (STUDI EMPIRIS PADA PERUSAHAAN YANG TERGABUNG DALAM JAKARTA ISLAMIC INDEX TAHUN 2007 – 2013)

Transparansi Jurnal Ilmiah Ilmu Administrasi ◽

10.31334/trans.v9i1.89 ◽

2018 ◽

Vol 9 (1) ◽

pp. 116-130

Author(s):

Agus Budiwaluyo

Keyword(s):

Stock Returns ◽

Return On Investment ◽

Stock Return ◽

Stock Exchange ◽

Sampling Technique ◽

Total Asset ◽

Company Size ◽

Current Ratio ◽

Significance Level ◽

Asset Turnover

This study aimed to examine the influence of variables Current Ratio (CR), Total Asset Turnover (TATO), Return on Investment (ROI), company size (Size) and Inflation on Stock Return firms listed on the Jakarta Islamic Index (JII) 2007-2013. The sampling technique used was purposive sampling with criteria: (a) Listed in the published list of stocks in the index calculation JII announced the Indonesia Stock Exchange in a row during the study period (b) Registered and active trading in Indonesia Stock Exchange during the period (c) The Company publishes the audited financial statements for the period 2007-2013, (d) Publish an annual report in a row during that period. Obtained a sample of 11 companies from 30 companies registered as members of the Jakarta Islamic Index are listed on the Stock Exchange. Technical analysis used is multiple linear regression and hypothesis testing using the F-test to test the effect of simultaneous and t-test to test the partial effect on stock returns with a significance level of 5%.. Simultaneous testing indicates variables Current Ratio (CR) and Total Asset Turnover (TATO), Return on Investment (ROI), company size (Size) and Inflation significant effect on Stock Return firms listed on the Jakarta Islamic Index (JII ). Partial test results indicate that the Current Ratio (CR), Return on Investment (ROI) and Firm Size (Size) no significant effect on Stock Return, while the total asset turnover variables and inflation effect on stock returns firms listed on the Jakarta Islamic Index (JII).

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Analisis Pengaruh Economic Value Added (EVA), Debt To Equity Ratio (DER), Return On Asset (ROA), dan Current Ratio (CR) terhadap Return Saham

JSHP ( Jurnal Sosial Humaniora dan Pendidikan) ◽

10.32487/jshp.v3i2.529 ◽

2019 ◽

Vol 3 (2) ◽

Author(s):

Muhammad Rois ◽

Pandiya Pandiya ◽

Ni Made Diah K.S

Keyword(s):

Stock Returns ◽

Stock Return ◽

Stock Exchange ◽

Economic Value ◽

Value Added ◽

Sampling Technique ◽

Economic Value Added ◽

Current Ratio ◽

Mining Companies ◽

Equity Ratio

This study aims to examine the significance of the effects of Economic Value Added, Debt to Equity Ratio, Return on Assets, and Current Ratio To stock againts returns in mining sector companies listed in Indonesia Stock Exchange 2013-2017. This study uses secondary data. The samples in this research are determined by purposive sampling technique. The samples used in this research are 6 (six) mining companies listed on Indonesia Stock Exchange. Testing hypothesis by using regression tool of panel data supported by software eviews 9. Results of F test of this research show that Economic Value Added (EVA), Debt to Equity Ratio (DER), Return on Asset (ROA), simultaneously have a significant effect against stock returns on the company. The result of t test shows that the Economic Value Added partially does not have a significant effect on stock return, while the Debt to Equity Ratio, Return on Asset, and Current Ratio have significant effect to stock return on mining companies listed in Indonesia Stock Exchange period 2013-2017.

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Pengaruh Kinerja Keuangan terhadap Return saham perusahaan Mining and Mining Services terdaftar di Bursa Efek Indonesia Periode 2012-2016

MBIA ◽

10.33557/mbia.v18i3.683 ◽

2019 ◽

Vol 18 (3) ◽

pp. 101-113

Author(s):

Hilwa Anggraini ◽

Riri Hanifa ◽

Patmawati Patmawati ◽

Irsan Irsan

Keyword(s):

Financial Performance ◽

Stock Returns ◽

Stock Return ◽

Stock Exchange ◽

Sampling Technique ◽

T Test ◽

F Test ◽

Service Companies ◽

Equity Ratio ◽

Quantitative Descriptive

This study aims to analyze the effect of financial performance on stock returns in mining and mining service companies in the Indonesia Stock Exchange for the period 2012-2016. The research method used is quantitative descriptive. The analysis techniques used in this study are the Classic Assumption Test, Multiple Regression Analysis, t Test and F Test. The sampling technique is purposive sampling. The independent variable used in this study is financial performance. Financial performance intended here is financial performance measured using financial ratios, namely Debt to Equity Ratio (DER), Earning per Share (EPS), Return on Asset (ROA), Net Profit Margin (NPM) and Price Earning Ratio (PER), while the dependent variable is Stock Return. The sample in this study was 20 mining and mining services companies on the Indonesia Stock Exchange in the 2012-2016 study period. Analysis of the data used in this study is multiple linear regression (t test and f test) obtained with SPSS. The results showed that the DER, NPM and PER variables did not affect stock returns and only EPS and ROA variables affected stock return.

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PENGARUH KARAKTERISTIK DEWAN KOMISARIS TERHADAP KINERJA PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA

Jurnal Benefita ◽

10.22216/jbe.v3i3.3530 ◽

2018 ◽

Vol 3 (3) ◽

pp. 445

Author(s):

Aminar Sutra Dewi ◽

Desfriana Sari ◽

Henryanto Abaharis

Keyword(s):

Linear Regression ◽

Financial Performance ◽

Sampling Method ◽

Stock Exchange ◽

Sample Selection ◽

Financial Statements ◽

Purposive Sampling ◽

Insignificant Effect ◽

Fraudulent Financial Statements ◽

Effective Contribution

The composition of the board commissioners able to make an effective contribution to the outcome of the process of preparing qualified financial statements or possibly avoiding fraudulent financial statements. This study aims to empirically test the influence of the composition of independent board of commissioner on the performance, size of the board of commissioner to financial performance, board of commissioner education background on financial performance. The selected research object is a manufacturing company listed in Indonesia Stock Exchange period 2014- 2016. Sample selection using purposive sampling method. The method of analysis used in this study is compound linear regression. The results showed that the composition of the Board of Independent Commissioner had a positive and significant impact on the company's financial performance, the size of the board of commissioner had a negative and insignificant effect on the Company's Financial Performance and the education background of the board of commissioner had a negative but insignificant effect on the financial performance of the company Komposisi dewan komisaris dapat memberikan kontribusi yangefektif terhadap hasil dari proses penyusunan laporan keuangan yang berkualitas atau kemungkin terhindar dari kecurangan laporan keuangan. Penelitian ini bertujuan untuk menguji secara empiris pengaruh komposisi dewan komisaris independen terhadap kinerja, ukuran dewan komisaris terhadap kinerja keuangan, latar belakang pendidikan dewan komisaris terhadap kinerja keuangan. Objek penelitian yang dipilih adalah perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia periode 2014- 2016. Pemilihan sampel dilakukan dengan menggunakan metode purposive sampling. Metode analisis yang digunakan dalam penelitian ini adalah regresi linear berganda. Hasil penelitian menunjukkan bahwa komposisi dewan Komisaris Independen berpengaruhpositif dan signifikan terhadap kinerja keuangan perusahaan, ukuran dewan komisaris berpengaruh negatif dan tidak signifikan terhadap Kinerja Keuangan perusahaan dan latar belakang pendidikan dewan komisaris berpengaruh negatif namun tidak signifikan terhadap kinerja keuangan perusahaan.

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Factors That Influence Financial Performance

Restaurant Business ◽

10.26643/rb.v118i5.7215 ◽

2019 ◽

Vol 118 (5) ◽

pp. 1-8

Author(s):

Nursito ◽

Yulianto Hadi ◽

Dewi Puspaningtyas Faeni

Keyword(s):

Financial Performance ◽

Stock Exchange ◽

Debt Ratio ◽

Working Capital ◽

Current Ratio ◽

Feed Industry ◽

Livestock Feed ◽

Net Profit ◽

Asset Turnover ◽

Equity Ratio

This study aims to test empirically the factors that affect financial performance: current ratio, debt ratio, debt to equity ratio, total asset turnover, working capital turnover and net profit margin on return on investment in subsector of livestock feed industry listed in Indonesia Stock Exchange during the period 2006-2015.

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