scholarly journals Earnings and cash flow persistence: Case of medium agriculture enterprises in Serbia

2021 ◽  
Vol 68 (1) ◽  
pp. 141-153
Author(s):  
Slavica Stevanović ◽  
Jelena Minović ◽  
Grozdana Marinković
Keyword(s):  
Economic Growth ◽  
Regression Analysis ◽  
Cash Flow ◽  
National Economy ◽  
Earnings Quality ◽  
Cash Flows ◽  
Annual Data ◽  
Panel Regression ◽  
Operating Profit ◽  
Operating Cash Flows

This paper examines the earnings and cash flow persistence of selected agriculture Serbian enterprises as a measure of their earnings quality. We study the persistence of income statements and cash flow statement items of medium-sized agriculture enterprises in Serbia. Agriculture is a relevant sector for the national economy and medium-sized enterprises are the main drivers of her economic growth. We use panel regression analysis with annual data over the period from 2010 to 2018. The results of our research indicate that earnings and cash flow-based indicators have different persistence. Analysing accruals and net cash flows of operating activities as determinants of operating profit of analysed enterprises, we conclude that operating profit that represents accruals are more persistent than operating profit backed by net operating cash flows.

scholarly journals Profitabilitas, Likuiditas, Leverage, Arus Kas Operasi dan Return Saham Syariah pada Perusahaan Jakarta Islamic Index

2017 ◽  
Vol 4 (01) ◽  
pp. 1-12
Author(s):  
Sinta Wardani ◽  
Hermiyetti Hermiyetti ◽  
Muhammad Yusuf
Keyword(s):  
Regression Analysis ◽  
Data Analysis ◽  
Stock Returns ◽  
Cash Flow ◽  
Cash Flows ◽  
Jel Classification ◽  
Future Research ◽  
Operating Cash Flows ◽  
Operating Cash Flow

ABSTRACT This study aims to analyze and believe the factors that affect the return of sharia in the Jakarta Islamic Index. The sample of research is 29 companies with data from 2009-2015. Data analysis using multiple regression analysis. The results showed, liquidity and leverage is not significant significant to the return of sharia stocks. Operating cash flows are significant and positive against Sharia share returns. An interesting finding in this research is the role of operating cash flow as a determinant of stock returns. Future research can be proven the role of cash flow and other financial performance as a determinant of stock returns. A B S T R A K Penelitian ini bertujuan untuk menganalisis dan menguji secara empiris mengenai faktor-faktor yang mempengaruhi return saham syariah di Jakarta Islamic Index. Sampel penelitian sebanyak 29 perusahaan dengan data tahun 2009-2015. Analisis data menggunakan analisis regresi berganda. Hasil penelitian menunjukkan bahwa profitabilitas. likuiditas dan leverage tidak berpengaruh signifikan terhadap return saham syariah. Arus kas operasi berpengaruh signifikan dan positif terhadap return saham syariah. Temuan menarik dalam penelitian ini adalah peran arus kas operasi sebagai penentu return saham. Penelitian mendatang dapat dibuktikan peran arus kas investasi dan pendanaan serta kinerja keuanganlainnya sebagai penentu return saham. JEL Classification: H54, R53

Profitabilitas, Likuiditas, Leverage, Arus Kas Operasi dan Return Saham Syariah pada Perusahaan Jakarta Islamic Index

2017 ◽  
Vol 4 (01) ◽  
pp. 1-12
Author(s):  
Sinta Wardani ◽  
Hermiyetti Hermiyetti ◽  
Muhammad Yusuf
Keyword(s):  
Regression Analysis ◽  
Data Analysis ◽  
Stock Returns ◽  
Cash Flow ◽  
Cash Flows ◽  
Jel Classification ◽  
Future Research ◽  
Operating Cash Flows ◽  
Operating Cash Flow

ABSTRACT This study aims to analyze and believe the factors that affect the return of sharia in the Jakarta Islamic Index. The sample of research is 29 companies with data from 2009-2015. Data analysis using multiple regression analysis. The results showed, liquidity and leverage is not significant significant to the return of sharia stocks. Operating cash flows are significant and positive against Sharia share returns. An interesting finding in this research is the role of operating cash flow as a determinant of stock returns. Future research can be proven the role of cash flow and other financial performance as a determinant of stock returns. A B S T R A K Penelitian ini bertujuan untuk menganalisis dan menguji secara empiris mengenai faktor-faktor yang mempengaruhi return saham syariah di Jakarta Islamic Index. Sampel penelitian sebanyak 29 perusahaan dengan data tahun 2009-2015. Analisis data menggunakan analisis regresi berganda. Hasil penelitian menunjukkan bahwa profitabilitas. likuiditas dan leverage tidak berpengaruh signifikan terhadap return saham syariah. Arus kas operasi berpengaruh signifikan dan positif terhadap return saham syariah. Temuan menarik dalam penelitian ini adalah peran arus kas operasi sebagai penentu return saham. Penelitian mendatang dapat dibuktikan peran arus kas investasi dan pendanaan serta kinerja keuanganlainnya sebagai penentu return saham. JEL Classification: H54, R53

scholarly journals Bond Ratings dan Antesedennya: Studi Empiris di Bursa Efek Indonesia

2017 ◽  
Vol 6 (1) ◽  
pp. 65
Author(s):  
Wendy Wendy ◽  
Rosita Naomi Sianturi
Keyword(s):  
Logistic Regression ◽  
Regression Analysis ◽  
Cash Flow ◽  
Stock Exchange ◽  
Cash Flows ◽  
Bond Market ◽  
Bond Ratings ◽  
Operating Cash Flows ◽  
Corporate Growth ◽  
Operating Cash Flow

This paper provides the empirical evidence of corporate growth, maturity, and operating cash flows on the bond ratings. It was conducted on 34 bonds issued by the 16 non-financial companies on the Indonesia Stock Exchange (IDX) which also issued bonds, registered in the Indonesia Bond Market Directory, and rated by PEFINDO during 2012 - 2014. The hypotheses were tested using the logistic regression analysis. The result shows that corporate growth has significant effect on the bond ratings, while maturity and operating cash flow have no significant effect. Another finding shows that the firm size can also affect the bond ratings. 

scholarly journals The Effect of Financial Ratios Derived From Operating Cash Flows on Jordanian Commercial Banks Earnings per Share

2019 ◽  
Vol 11 (1) ◽  
pp. 394
Author(s):  
Laith Abdel Rahman Abualrob ◽  
Sanaa N. Maswadeh
Keyword(s):  
Regression Analysis ◽  
Multiple Regression Analysis ◽  
Cash Flow ◽  
Commercial Banks ◽  
Stock Exchange ◽  
Cash Flows ◽  
Net Income ◽  
Operating Cash Flows ◽  
Earnings Per Share ◽  
Amman Stock Exchange

This study tries to investigate the effect of operating cash flows ratios, which are (operating cash flows attributed to net income, operating cash flows attributed to credit facilities, and operating cash flows attributed to deposits) on earnings per share. The study was applied on Jordanian commercial banks listed on the Amman Stock Exchange during the period (2013-2017), and multiple regression analysis was used to test the study hypotheses.The most important results revealed by the study were: the ratio of operating cash flows attributed to credit facilities is considered as the most important ratio derived from the cash flow statement helping in determining the earnings per share in Jordanian commercial banks. And there is a statistically significant effect of operating cash flows attributed to net income, operating cash flows attributed to credit facilities, and operating cash flows attributed to deposit on earnings per share in Jordanian commercial banks. 

scholarly journals Analisis Determinan Persistensi Laba pada Perusahaan Jasa di Bursa Efek Indonesia

1970 ◽  
Vol 4 (01) ◽  
pp. 13-20
Author(s):  
Feni Marnilin ◽  
J.M.V. Mulyadi
Keyword(s):  
Regression Analysis ◽  
Data Analysis ◽  
Stock Returns ◽  
Cash Flow ◽  
Cash Flows ◽  
Jel Classification ◽  
Future Research ◽  
Operating Cash Flows ◽  
Operating Cash Flow

ABSTRACT This study aims to analyze and believe the factors that affect the return of sharia in the Jakarta Islamic Index. The sample of research is 29 companies with data from 2009-2015. Data analysis using multiple regression analysis. The results showed, liquidity and leverage is not significant significant to the return of sharia stocks. Operating cash flows are significant and positive against Sharia share returns. An interesting finding in this research is the role of operating cash flow as a determinant of stock returns. Future research can be proven the role of cash flow and other financial performance as a determinant of stock returns. ABSTRAK Persistensi laba merupakan laba yang dapat digunakan sebagai indikator laba mendatang. Persistensi laba yang berkesinambungan dinyatakan sebagai laba yang mempunyai kualitas tinggi. Penelitian ini bertujuan untuk mengetahui analisis determinan persistensi laba pada perusahaan jasa sektor perdagangan jasa dan investasi. Sampel yang digunakan dalam penelitian menggunakan metode purposive sampling yaitu perusahaan jasa sektor perdagangan jasa dan investasi sebanyak 27 perusahaan selama tahun 2010 hingga tahun 2014. Pengujian dilakukan dengan analisis regresi berganda. Hasil penelitian ini menunjukkan bahwa aliran kas operasi dan tingkat utang berpengaruh terhadap persistensi laba, perbedaan antara laba akuntansi dengan laba fiskal tidak berpengaruh terhadap persistensi laba. JEL Classification: M41, L81

scholarly journals PENGARUH OPERATING CAPACITY, SALES GROWTH DAN ARUS KAS OPERASI TERHADAP FINANCIAL DISTRESS

2019 ◽  
Vol 5 (1) ◽  
Author(s):  
Annisa Livia Ramadhani ◽  
Khairun Nisa
Keyword(s):  
Logistic Regression ◽  
Regression Analysis ◽  
Financial Distress ◽  
Agricultural Sector ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Cash Flows ◽  
Sales Growth ◽  
Operating Capacity ◽  
Operating Cash Flows

This study aims to determine how the influence of operating capacity, sales growth and operating cash flows on financial distress. The population in this study israll agricultural sector companies listed on the Indonesia Stock Exchange (IDX) in 2013-2017. The sampling technique in this study used purposive sampling which produced 8 samples in a period of 5 years, namely as many as 40 units of data samples. The analytical method used is logistic �regression analysis which is processed. using SPSS Version 25. Based on the results of this study, it was found that simultaneous operating capacity, sales growth and operating cash flows influence the occurrence of financial distress. Then partially, operating capacity and sales growth have no effect on the occurrence of financial distress, while operating cash flows have a positive and significant effect on the occurrence of financial distress.�Keyword : Financial Distress, Operating capacity, Sales growth, Operation cash flow.

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 REAKSI INVESTOR TERHADAP PENGUMUMAN LABA DAN UNEXPECTED EARNING PADA SEKTOR INFRASTRUKTUR SAAT MENGHADAPI KOS STICKINESS

2021 ◽  
Vol 9 (2) ◽  
pp. 95-109
Author(s):  
Silvia Putri Faridayanti ◽  
Robiyanto Robiyanto
Keyword(s):  
Regression Analysis ◽  
Earnings Quality ◽  
Earnings Announcements ◽  
Sampling Technique ◽  
Panel Regression ◽  
Future Earnings ◽  
Earnings Information ◽  
Unexpected Earnings ◽  
Analysis Technique ◽  
Investor Reaction

The purpose of this study is to determine investors reactions to earnings announcements and unexpected earnings when facing stickiness cost. Sampling in this study used a purposive sampling technique with a total of 10 infrastructure companies listed on the IDX during 2015-2019. The analysis technique in this study uses panel regression analysis using EVIEWS 9. The results of this study indicate that there is no investor reaction to earnings announcements in infrastructure companies when there are low and high stickiness cost. However, when the company has a combined stickiness cost, there is an investor's reaction to the earnings announcement by seeing a positive CAR value which means good earnings quality. Unexpected Earning has no effect on companies that are facing stickiness cost, so the results of this study indicate that there is no investor reaction to unexpected earnings in infrastructure companies that have low, high, and combined stickiness cost. The conclusion of this study is that earnings information becomes less important in predicting future earnings.

Democracy and Macroeconomic Performance in Underdeveloped Countries

2000 ◽  
Vol 33 (3) ◽  
pp. 319-349 ◽  
Author(s):  
MARK J. GASIOROWSKI
Keyword(s):  
Economic Growth ◽  
Regression Analysis ◽  
Fixed Effects ◽  
Annual Data ◽  
Macroeconomic Performance ◽  
Fiscal Deficits ◽  
Underdeveloped Countries ◽  
Democratic Regimes ◽  
Democratic Performance ◽  
Fixed Effects Regression

In this study, the author examines how inflation and economic growth differ in more- and less-democratic regimes and in new and mature democracies. The analysis is based on a panel research design featuring annual data from a large sample of underdeveloped countries and two-way, fixed-effects regression analysis. The author's central finding is that more-democratic countries have higher inflation and slower growth than less-democratic countries. Inflation apparently is higher than more-democratic countries mainly because they have higher fiscal deficits and faster wage growth; this higher inflation marginally reduces economic growth in these countries. The author also finds that new and mature democracies do not have significantly different inflation and growth rates. The findings suggest that unrestrained political participation and the resulting demands placed on state officials undermine democratic performance.

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