Why Stock Returns on Property and Real Estate Companies on BEI?

This study aims to analyze the effect of return on equity, price earning ratio and net profit margin on stock returns. The dependent variable in this study is stock return. While the independent variables are return on equity, price earning ratio and net profit margin. The population in this study are property and real estate sector companies listed on the Indonesia Stock Exchange during 2015-2019. The samples obtained were 28 companies using purposive sampling method. The analytical tool used is panel data regression analysis with the help of the software program Eviews 10. Using the fixed effects model, the results show that the return on equity and price earning ratio variables have a significant positive effect on stock returns. While the net profit margin has no effect on stock returns. These results indicate that the stock return of the property and real estate sector companies will change, which is influenced by the return on equity variable and the price earning ratio variable. The implication of this research is that the company is expected to increase revenue by managing or utilizing the capital owned by the company, increasing total sales and minimizing expenses so that the company gets an increasing stock return.

Financial Distress Prediction in Infrastructure, Utilities, and Transportation Sector Companies 2015-2020

This research is based on financial distress or financial distress, which negatively impacts the company, marked by its inability to fulfill its obligations at maturity. This phenomenon can be an early warning related to further problems, and financial distress can be overcome by predicting as early as possible. This prediction is essential for management and company owners to anticipate potential bankruptcy. The formulations in this study include whether inflation affects predicting financial distress in companies in the Infrastructure, Utilities, and Transportation sectors listed on the IDX for the 2015-2020 period. And Whether the financial ratios (Current Ratio, Debt To Equity Ratio, Total Asset Turn Over, Return on Equity, Price Book Value) affects predicting financial distress in Infrastructure, Utilities, and Transportation sector companies listed on the IDX the 2015-2020 period. This study uses a quantitative approach and the type of associative research, and the source data is secondary data with a sample of 10 companies. The sampling technique used purposive sampling. Data processing in this study uses E-Views 9 with Panel Data Regression analysis techniques. This study can conclude that the variables of inflation, current ratio, price-book value, and total turnover significantly affect financial distress in the Infrastructure sector companies: utilities and Transportation. Meanwhile, the debt to equity ratio and return on equity variables did not substantially affect financial distress in the Infrastructure, Utilities, and Transportation sector companies in 2015-2020.DOI: 10.26905/jkdp.v25i3.5858

The effects of brand equity, price, and brand proliferation on new product performance through product trial: evidence from FMCG industry in Indonesia

Business competition in fast-moving consumer goods (FMCG) products in Indonesia has increased due to industry growth in this sector. Companies must create new marketing strategies to maintain and gather a broader market share. The purpose of this study is to analyze the effects of brand equity, price, and brand proliferation on new product performance of FMCG products through product trial. This study uses quantitative analysis, which uses data analysis tools SPSS 26) to analyze the data with PROCESS macro analysis to analyze the mediator variables. This study showed that brand equity, product quality, and brand proliferation had a positive and significant effect on new product performance. The PROCESS analysis results also show mediating effects between brand equity, price, and brand proliferation on new product performance through product trial. These results also show that brand equity, price, and brand proliferation can predict new product performance in the FMCG industry in Indonesia.

The ongoing contributions of spin-off research and practice to understanding corporate restructuring and wealth creation: $100 billion in 1 decade

Since the 1980s, analysis of spin-offs has become a key line of inquiry in corporate finance. This paper reviews the theory and empirical research papers about spin-off restructuring and measures the monetary value created by spin-offs. First, we document the valuation impact of spin-offs for the divesting firms and then examine such subtleties as the interesting (positive) ex-dividend day price impact and the myriad other details associated with these transactions. This study provides a review of the now extensive research into spin-off divestitures. It looks into equity price reactions around the announcements of 249 voluntary spin-offs undertaken by US public companies over the interval 2007–2017. The abnormal returns associated with recent spin-off divestitures are of the same order of magnitude as those from the earlier papers, showing the sustained statistical significance and new economic materiality measures. With more firms undertaking spin-offs and the positive abnormal returns continuing to be substantial, the clear implication is that the overall monetary value creation resulting from spin-offs has increased markedly. Finally, and in a first for spin-off research, this paper calibrates the monetary value created by spin-offs despite the voluminous research of the topic. It establishes that spin-offs create large monetary value increments for divesting a firm’s stockholders—almost $100 billion in the interval 2007–2017.

Synchrony in Broadband Fluctuation and the 2008 Financial Crisis

We propose phase-like characteristics in scale-free broadband processes and consider fluctuation synchrony based on the temporal signature of significant amplitude fluctuation. Using wavelet transform, successful captures of similar fluctuation pattern between such broadband processes are demonstrated. The application to the financial data leading to the 2008 financial crisis reveals the transition towards a qualitatively different dynamical regime with many equity price in fluctuation synchrony. Further analysis suggests an underlying scale free “price fluctuation network” with large clustering coefficient.

Synchrony in Broadband Fluctuation and the 2008 Financial Crisis

We propose phase-like characteristics in scale-free broadband processes and consider fluctuation synchrony based on the temporal signature of significant amplitude fluctuation. Using wavelet transform, successful captures of similar fluctuation pattern between such broadband processes are demonstrated. The application to the financial data leading to the 2008 financial crisis reveals the transition towards a qualitatively different dynamical regime with many equity price in fluctuation synchrony. Further analysis suggests an underlying scale free “price fluctuation network” with large clustering coefficient.

Analisis Pengaruh Earning per-share, Price earning ratio dan Price to book value Terhadap Harga Saham Perusahaan Konstruksi Milik Negara yang Terdaftar di Bursa Efek Indonesia

Penelitian ini dilakukan bertujuan untuk (1) mengetahui pengaruh earning per-share terhadap harga saham, (2) mengetahui pengaruh price earning ratio terhadap harga saham, (3 mengetahui pengaruh price to book value terhadap harga saham, (4) mengetahui apakah Earning Per Share, price earning ratio, dan price to book value berpengaruh secara serempak terhadap harga saham. Penelitian ini menggunakan data sekunder melalui sumber data dan bursa efek Indonesia yang telah diterbitkan perusahaan, sebanyak 9 perusahaan dalam kurun waktu 5 tahun. Penelitian ini dilakukan dalam jangka waktu penelitian mulai bulan Agustus sampai dengan Oktober 2020. Metode: analisis yang digunakan adalah analisis regresi linier berganda, uji asumsi klasik, uji parsial, uji simultan, dan uji koefisien determinasi. Data dianalisis dengan menggunakan program software Statistical Product and Service Solution (SPSS) 23. Hasil penelitian ini menyatakan bahwa (1) Earning Per Share berpengaruh positif dan signifikan terhadap harga saham, (2) price earning ratio berpengaruh positif dan signifikan terhadap harga saham, (3) price to book value berpengaruh positif dan signifikan terhadap harga saham, (4) Earning Per Share, price earning ratio, debt to equity, price to book value berpengaruh secara serempak terhadap harga saham. Oleh karena itu, diharapkan perusahaan konstruksi meningkatkan kinerjanya agar semakin meningkatkankan harga saham.

An Examination of The Determinants of Customer Loyalty

Brand equity, price, product quality, customer satisfaction, and the importance of customer loyalty in marketing which is the target and expectation of every company. Marketers expect to be able to retain their customers in the long term, even if possible forever. Therefore, this study wants to examine the factors that affect customer satisfaction and customer loyalty. These factors are brand equity, price, product quality, customer satisfaction, and customer loyalty. The required data were obtained through interviews using a questionnaire to 120 respondents. The data obtained were analyzed using Structural Equation Modeling (SEM) and SPSS 21 techniques. The results of hypothesis testing prove that brand equity has a positive effect on customer satisfaction, Price is a negative effect on customer satisfaction, Product quality has a positive effect on customer satisfaction, Customer satisfaction has a positive effect on customer loyalty, Brand Equity has a positive effect on customer loyalty, Price is a negative effect on customer loyalty, Product quality has a positive effect on customer loyalty, brand equity has a positive effect on customer loyalty through customer satisfaction, the price is a negative effect on customer loyalty through customer satisfaction, product quality has a positive effect on customer loyalty through customer satisfaction. Based on the results of testing the hypothesis, several managerial implications can be drawn, namely, that loyalty can be increased by increasing customer satisfaction, brand equity, price, and product quality. This is done by providing competitive prices according to the quality of the product. If the quality of the product is increased, the price will not affect the customer if it is increased, so automatically satisfaction will be formed, by itself a strong customer loyalty is formed. So it can be said that price does not affect in determining the level of customer satisfaction and customer loyalty because other very strong variables shape satisfaction and loyalty. High prices do not guarantee customers will be satisfied as well if the price of the product is cheap as long as the price is still reasonable for substitution category goods.

The relevance of valuation models: insights from Palestine exchange

Purpose This paper aims to investigate the relevance of two groups of valuations models as follows: the accounting models based on the residual income (RIM) and the standard market model, on equity price, return and volatility relevance. Design/methodology/approach The models are tested on companies traded on Palestine exchange from 2009 to 2018, using panel regression analysis. Two-price and two-return models derived from RIM to compare with the market model and four volatility models. Findings The standard RIM outperformed other models in equity price modeling. The dividend discount model (DDM) outperformed the rest of the models in terms of return estimation. However, the authors find that the market model can explain equity variance better than RIM and DDM models. Practical implications For investors, market beta does not necessarily capture all relevant factors of value and traditional financial statements are still important in providing relevant information and different models are used for different values perspectives (price, return and volatility). Originality/value Previous studies focus on comparing the price and return relevance of accounting-based models (RIM and cash flow models). Three aspects differentiate this paper and contribute to its originality, namely, the uniqueness of the context, incorporating the market model into the picture along with the accounting-based models and adding Volatility dimensions of relevance.

ANALISIS RETURN ON EQUITY, PRICE EARNING RATIO DAN TOTAL ASSET TURNOVER DALAM MEMPREDIKSI PERUBAHAN LABA PERBANKAN

Penelitian ini bertujuan untuk menguji dan menganalisis efek rasio keuangan (return on equity, price earning ratio dan total asset turnover) dalam memprediksi perubahan laba di masa yang akan datang perbankan. Populasi dalam penelitian ini yaitu seluruh laporan keuangan PT. Bank BNI (Persero) Tbk periode 2009-2018 dilihat dari per triwulan. Jumlah tahun pengamatan dalam penelitian ini dilakukan selama 10 tahun pengamatan, sehingga jumlah observasi adalah 10 tahun x 4 triwulan = 40 sampel pengamatan. Alat analisis yang digunakan adalah analisis regresi linier berganda dengan menggunakan Statistical Package for the Social Sciences Vers. 25. Hasil penelitian menunjukkan bukti bahwa hanya total asset turnover yang menghasilkan efek negatif dan signifikan, sementara return on equity, price earning ratio hanya mampu menghasilkan efek positif namun tidak signifikan dalam memprediksi perubahan laba di masa yang akan datangKeywords: Return On Equity, Price Earning Ratio, Total Asset Turnover dan Perubahan Laba.