scholarly journals CAPITAL STRUCTURE DETERMINANTS OF PLANTATION SUB-SECTOR COMPANIES IN INDONESIA STOCK EXCHANGE PERIOD 2014 – 2018

2020 ◽  
Vol 1 (3) ◽  
pp. 455-468
Author(s):  
Septian Wildan Mujaddid ◽  
Bambang Santoso Marsoem
Keyword(s):  
Capital Structure ◽  
Regression Model ◽  
Significant Relationship ◽  
Stock Exchange ◽  
The Other ◽  
Corporate Liquidity ◽  
Independent Variables ◽  
Other Hand

The purpose of this study is to analyze the factors that influence the Debt to Asset Ratio which is a proxy of Capital Structure as the dependent variable. The independent variables studied as determinants of Capital Structure (DAR) include Size (SIZE), Profitability (ROA), Asset Structure (SA), and Corporate Liquidity (CR) using regression model. The population in this study are plantation sub-sector companies listed on the Indonesia Stock Exchange for the period 2014 - 2018. The findings suggest that ROA negatively significant affect DAR, while SA positively significant affect DAR. On the other hand, both SIZE & CR have no significant relationship with DAR

Studying the Effect of Changing the Managing Director on the Abnormal Returns of Shares of Companies Listed on the Iraqi Stock Exchange

2021 ◽  
Vol 39 (11) ◽  
Author(s):  
Hussein Hasan ◽  
Hudaa Nadhim Khalbas ◽  
Farqad Mohammed Bakr AL Saadi
Keyword(s):  
Stock Returns ◽  
Significant Relationship ◽  
Stock Prices ◽  
Market Reaction ◽  
Stock Exchange ◽  
Hypothesis Test ◽  
Abnormal Returns ◽  
The Other ◽  
Other Hand ◽  
Abnormal Stock Returns

The aim of this research is to study the market reaction to the change of the managing director and how this change affects the abnormal returns of the shares. The research is based on the information published by the companies listed on the Iraq Stock Exchange, and 35 companies were selected for the period from 2015 to 2019. The results of the hypothesis test for this study show that there is a negative and significant relationship between the change of the managing director and abnormal stock returns. On the other hand, investors undervalue stock prices when changing CEOs. As a result, the stock returns are less than expected.

The stock exchange in practice

1949 ◽  
Vol 9 (01) ◽  
pp. 40-51
Author(s):  
H. G. Asbury
Keyword(s):  
Seventeenth Century ◽  
Capital Structure ◽  
Stock Exchange ◽  
The Other ◽  
Clear Picture ◽  
Other Hand ◽  
The Government

This paper is submitted in the hope that it will assist members who are not actively concerned with investment matters to obtain a reasonably clear picture of the Stock Exchange and how it works.The main object of the Stock Exchange, as an institution, is simply to provide a market for stocks and shares, i.e. rights to interest or dividends. Such a market has been in existence in one form and another since the latter part of the seventeenth century, and is virtually a necessity in the modern capital structure. Without it the investor would be loth to lock up his money in a joint-stock undertaking, and, if he did, would have difficulty in assessing the value of his holding at any time. Moreover, he would have little to guide him in making the best use of his capital and, on the other hand, companies requiring funds (to say nothing of the Government) would find it hard to guess the best terms for a new issue.

scholarly journals MINIMARKETS EXISTENCE ON SALES TURNOVER OF THE TRADITIONAL SHOPS

TRIKONOMIKA ◽  
2020 ◽  
Keyword(s):  
Regression Model ◽  
Statistical Method ◽  
Working Hours ◽  
The Other ◽  
West Java ◽  
Independent Variables ◽  
Other Hand ◽  
The Difference ◽  
The Impact ◽  
Difference Test

This paper summarizes the results of a study that explains the impact of minimarkets existence on the sales turnover of traditional shops in Ciledug Subdistrict, Cirebon Regency in 2017, West Java, Indonesia. Through a statistical method - called the difference test - the existence of minimarkets in Ciledug Subdistrict has significantly reduced the sales turnover and reduced the number of buyers of the traditional shops, on the other hand the number of working hours of traditional shops has increased. This study also uses the regression model to explain the effect of the number of buyers, traditional shops’ working hours, and the distance between traditional shops to the nearest minimarkets on the sales turnover of traditional shops. This study shows that all independent variables simultaneously significant affected on the sales turnover of traditional shops. Partially, the number of buyers and the distances between traditional shops to the nearest minimarkets significantly influence the sales turnover of traditional shops, but the working hours of the traditional shops does not has a significant effect.

scholarly journals Hubungan Antara Laba Perusahaan Dan Kompensasi Ceo Dengan Menggunakan Data Panel

2008 ◽  
Vol 1 (1) ◽  
Author(s):  
Tiarapuspa Tiarapuspa
Keyword(s):  
Panel Data ◽  
Significant Relationship ◽  
Ceo Compensation ◽  
Stock Exchange ◽  
The Other ◽  
Other Hand ◽  
The Relationship

The main purpose of this research is to explain the relationship between profit and CEO compensation. The relationship between CEO compensation and company profit in 1992-1996 from 32 firms that listed in Jakarta Stock Exchange has a different result. Some researches find that there is a significant relationship but in the other hand find there isn’t a significant relationship. This result support generalization or validity external from previous research. This research used panel data to examination this relationship.

ANALISIS VARIABEL YANG BERPENGARUH TERHADAP KINERJA PERUSAHAAN DI BURSA EFEK INDONESIA

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.

Financial Leverage and its Determinants: Evidence from Indian Cement Industry

2015 ◽  
Vol 7 (1) ◽  
Author(s):  
Anupam De ◽  
Arindam Banerjee
Keyword(s):  
Growth Rate ◽  
Capital Structure ◽  
Firm Growth ◽  
Stock Exchange ◽  
Debt Service ◽  
Cement Industry ◽  
Business Risk ◽  
Service Capacity ◽  
Independent Variables ◽  
The Capital Structure

In this study an attempt has been made to examine the determinants of capital structure in companies belonging to the Cement Industry of India. The companies listed in the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) has been used for the study. The study has been conducted for the period from 1999-2000 to 2010-2011. To study the influence of various independent variables on the capital structure, Multiple Regression Analysis has been carried out taking the ratio of average total debt to average total assets as dependent variable and seven variables, which might have some impact on the capital structure, as independent variables. These seven variables are namely business risk, size of the firm, growth rate, debt service capacity, degree of operating leverage, dividend payout, and earning rate. It is observed from the study that size of the firm, debt service capacity, business risk and growth rate are statistically significant to have an influence in taking capital structure related decisions and considered as determinants of capital structure of the listed companies belonging to the Indian Cement

ANALISIS PENGARUH STRUKTUR MODAL, UKURAN PERUSAHAAN, AGENCY COST, LIKUIDITAS TERHADAP KINERJA PADA PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PERIODE 2015-2019

2021 ◽  
Vol 5 (1) ◽  
Author(s):  
Mia Audina
Keyword(s):  
Capital Structure ◽  
Banking Sector ◽  
Stock Exchange ◽  
Agency Cost ◽  
Statistical Test ◽  
Company Size ◽  
Company Performance ◽  
Current Ratio ◽  
Independent Variables ◽  
Equity Ratio

This study aims to examine the effect of capital structure, firm size, agency cost and liquidity on company performance. Researchers found differences in results between previous studies which are strong reasons why this research is feasible. The sample includes 8 banking sector companies listed on the Indonesia Stock Exchange (BEI) for the period 2015-2019. In this study, capital structure is proxied by using the Debt to Equity Ratio (DER), company size is proxied by using (Size), agency cost is proxied by using Free Cash Flaw (FCF), and liquidity is proxied by the current ratio. The method of analysis in this research is descriptive statistical test, classical assumption test and multiple regression analysis using the SPSS application. The results showed that the independent variables, namely capital structure, agency cost have a positive and significant effect on company performance, while the independent variables, namely company size and liquidity, have a negative and significant effect on company performance. Keywords : Struktur modal,ukuran perusahaan, agency cost, likuiditas, kinerja perusahaan.

scholarly journals ANALISIS PENGARUH MANAJEMEN MODAL KERJA TERHADAP PROFITABILITAS PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI DASAR DAN KIMIA GO PUBLIC PADA BURSA EFEK INDONESIA (BEI) PERIODE TAHUN 2011 - 2014

2016 ◽  
Vol 13 (2) ◽  
pp. 121
Author(s):  
Citra Indradewi ◽  
Endang Tri Widyarti
Keyword(s):  
Hypothesis Test ◽  
Sampling Technique ◽  
The Other ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Significance Level ◽  
Independent Variables ◽  
Other Hand ◽  
Conversion Period

This research aims to analyze the effect of working capital management on profitability ofbasic industry and chemicals that listed in Indonesia Stock Exchange (IDX) within 2011-2014. Indicator of working capital management used in this research are cash conversioncycle (CCC), receivable conversion period (RCP), inventory conversion period (ICP),payable deferral period (PDP), and current ratio (CR). On the other hand, indicator ofprofitability used in this research is net profit margin (NPM).The sample data used in this research took from financial statement that have beenaudited and published in IDX. According to sampling technique used in this research,which is purposive sampling, there’re 25 companies that fit to certain criteria. Method ofdata analysis used in this research is Multiple Regression Analysis, which previouslyperformed classical assumption test. Hypothesis test is using F-statistic test, t-statistictest, and determination of coefficients with significance level of 5%.The result of this research indicates independent variables simultaneously (F-statistictest) effect on profitability (NPM) with significance level 0,000. On the other hand,partially (t-statistic test) indicates CCC has negative and significant effect onprofitability, PDP and CR have positive and significant effect on profitability.Meanwhile, RCP and ICP has positive and not significant effect on profitability. Adjusted’s score is 0,454 which means that the ability of independent variables can explainprofitability with 45,4%, while the rest is explain by other factors.

scholarly journals The effect of profitability and capital structure against company value with dividend policy as moderator variable in consumption companies registered on the 2014-2018 IDX

2020 ◽  
Vol 9 (11) ◽  
pp. e019119260
Author(s):  
. Silvia ◽  
Nagian Toni
Keyword(s):  
Data Analysis ◽  
Capital Structure ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Capital Gains ◽  
The Other ◽  
Moderator Variable ◽  
Company Value ◽  
Food And Drink ◽  
Data Collection Technique

This research aimed to analyze the effect of profitability and capital structure on the Company value with Dividend policy as a moderating variable in consumption companies which registered on the Indonesia Stock Exchange for the 2014-2018 Period. The sample in this research is Consumption Company with food and drink subsector, cigarette, pharmacy, cosmetics, household goods and household appliances. The data collection technique used Purposive Sampling, so it is obtained 15 companies with 5 years of observations to 75 observations. Data analysis tools used SmartPLS 3.0. The analysis results shows that profitability has positive and significant effect on the company value, modal structure has positive and significant effect on the company value, and dividend policy is unable to moderate the effect of capital structure on the company value. The profitability and capital structure can explains the company value of 85,6% while the rest is 14,4% explains by the other variables. The analysis prove that a well-managed capital structure will increase the company's profitability and value, so the capital gains are greater and investors expect capital gains rather than dividends.

scholarly journals Cash flows, capital structure and shareholder value: Empirical evidence from Amman stock exchange

Accounting ◽  
2021 ◽  
pp. 513-524 ◽  
Author(s):  
Fawzi A. Al Sawalqa
Keyword(s):  
Capital Structure ◽  
Significant Relationship ◽  
Stock Exchange ◽  
Shareholder Value ◽  
Fixed Effect Model ◽  
Cash Flows ◽  
Insurance Companies ◽  
Investment Projects ◽  
Effect Model ◽  
Amman Stock Exchange

The current study links the information contents of the three main financial statements in a balanced panel data model to empirically examine the effect of cash flows per share and capital structure on shareholder value. The results of the study are based on a sample of 270 firm-year observations from the Jordanian commercial banks and insurance companies that listed on Amman Stock Exchange (ASE) from 2011 to 2019. Based on the Fixed Effect Model (FEM) with Driscoll-Kraay standard errors, the empirical results show that cash flows from operating activities per share had a positive and significant relationship with shareholder value, whereas both the cash flows from investing and financing activities per share had negative but insignificant relationship with shareholders’ value. Results also show that capital structure had a negative but insignificant relationship with shareholder value. Finally, the results indicate that dividend per share had a positive and significant relationship with shareholder value. Accordingly, decision-makers should direct cash to efficient investment projects in order for cash outflows from investing activities to create value to shareholders and to generate positive cash flows from financing activities. Similarly, an appropriate capital structure should be selected to create value for shareholders.

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