Effect of Financial Performance Company the Company on Share Price in Indonesia Stock Exchange Listing (original) (raw)
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Impact Financial Performance to Stock Prices: Evidence From Indonesia
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https://www.ijrrjournal.com/IJRR\_Vol.9\_Issue.12\_Dec2022/IJRR-Abstract33.html, 2022
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This study objectively examines how financial performance metrics affect stock returns. ROA, ROE, CR, DER, and EVA are being examined. This study uses secondary data from external sources. This study used purposive sampling to choose a sample based on criteria. This study covers 2015-2023 Indonesia Stock Exchange (IDX) LQ 45 Index non-banking companies. Companies from the LQ 45 Index and Sri Kehati Index were carefully selected for the sample. The sample included 46 non-banking firms. As the best analysis model, panel data regression with fixed effect was used. Insignificant association exists between ROA and stock returns.
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The research objective is to test and analyze the effect of Earning Per Share, Current Ratio, Capital Structure, Return on Equity on stock prices on consumer goods companies listed on the Indonesia Stock Exchange. In this research using a population of 42 consumer goods companies listed on the Indonesia Stock Exchange for the 2013-2017 period with a sample of 24 consumer goods companies listed on the Indonesia Stock Exchange in the 2013-2017 period with a sample of 120 company financial report. This research was conducted by the classical assumption test with multiple linear regression research models. The results of this study are Earning Per Share and Return on Equity have an influence and significant effect on Stock Prices in consumer goods companies listed on the IDX
The Effect Of Financial Performance On The Company's Share Price: A Case Study Indonesian
European Journal of Molecular & Clinical Medicine, 2020
The objectives: This paper aims to examine the effect of the proxy financial performance used by ROA, ROE, NIM on share prices of banking sector companies on the Indonesian Stock Exchange. Design / methodology / approach: This paper uses a quantitative approach by using numbered data to prove the hypothesis. Data on financial performance variables use proxies of ROA, ROE, NIM from company financial reports and the Indonesia Stock Exchange website at www.idx.co.id, www.ojk.go.id, www.bi.go.id, www.yahoofinance.com and Google search. Finding: The findings prove that NIM has a positive and significant effect on share prices. It is hoped that the findings can be used by investors to conduct financial performance analysis to have relevant information. For the ROA variable, ROE has no effect on share prices, meaning ROA, ROE does not have a value relevance to banking stock prices on the Indonesia Stock Exchange.
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This study aims to determine the effect of likuidity, solvency, activity, profitability and market with Current Ratio (CR), Debt to Equity Ratio (DER), Total Assets Turnover (TATO), Return on Equity (ROE), and Earnings per Share(EPS), as indicators, of the pharmaceutical company listed in Indonesia Stock Exchange during the period 2012-2016 to stock price. The type of research is explanatory survey verification and research technique used is inferential statistic. In addition the analytical method used in this research is regression analysis of panel data, namely, t test, F test, and classical assumption of normality, multicollinearity, heteroscedasticity and autocorrelation tests with E-Views 9. The results showed that in partial EPS significantly effects stock price, while CR, ROE, DER, and TATO had not significantly effect the stock price. Adjusted R square value was 0,5040 which showed that CR, DER, TATO, ROE, and EPS influenced the dependent variable by 50,40%, while the remaining 49,6% was influenced by other variables. It can be conluded that in sub sector pharmaceutical, investors were more concerned about the company's EPS instead of other variables. On the other hand, investors simultaneously concerned the CR, DER, TATO, ROE, and EPS in their investment decision and also other variables which were not included in this research.
Academy of Entrepreneurship Journal, 2020
This study aims to analyze the effect of Earning Per Share (EPS), Debt to Equity Ratio (DER) and Return On Assets (ROA) on stock prices on manufacturing companies listed on the Indonesia Stock Exchange from 2015 to 2017. This type of research is used in This research is a quantitative research with a descriptive approach. The sample in this study is the financial statements of manufacturing companies that were on the Indonesia Stock Exchange from 2015 to 2017. The method of analysis in this study uses multiple linear regression analysis to determine the partial or simultaneous influence between two or more independent variables on one dependent variable. The results of this study explain that earnings per share has a positive effect on stock prices. While Debt to equity ratio and return on assets do not affect the stock price. Based on the results of this study concluded that Earning Per Share, Debt to equity ratio and Return on Assets affect the Stock Price.
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International Journal of Engineering Technologies and Management Research, 2019
This research aims to analyze the effects of profitability (ROA), liquidity (CR), assets growth, and firm size towards capital structure (DER) and the impact on firm value (PBV).This research uses secondary data from yearly financial statement of food and baverages companies listed in Indonesian Stock Exchange for period 2013-2017. The research design uses descriptive quantitative research and causality. Sampling method uses purposive sampling method, with some predetermined criteria, the number of sample is 17 manufacturing companies. The analysis technique used is panel data regression. The research results shows that the profitability (ROA) and firm size partially have negative effect and not significant on capital structure (DER). The liquidity (CR) and assets growth partially have negative effect and significantly on capital structure (DER). Then the capital structure (DER) partially have positive effect but not significantly influences the firm value (PBV). The profitability (ROA) partially have positive effect and significant on firm value (PBV). The liquidity (CR) and assets growth partially have negative and significant effect on firm value (PBV), and firm size partially have negative and not significant effect on firm value (PBV). Simultaneously profitability (ROA), liquidity (CR), assets growth and firm size effect on capital structure (DER). On the other side, simultaneously profitability (ROA), liquidity (CR), assets growth and firm size have effect on firm value (PBV).
Journal of Economics, Business and Accountancy Ventura, 2019
Trading, Service, and Investment sectors show an essential role in the national economy, and they have grown significantly during the past years. They have created many job opportunities in both the formal sector and the non-formal sector. This study aims to analyze the effect of net profit, operating cash flow, financing cash flow and investing cash flow and, financing decisions on stock's return of service industry listed at Indonesia Stock Exchange (IDX). The analysis was done using the data panel regression. It shows that earning information, operating cash flow, financing cash flow positively affect stock returns. However, investing cash flow and financing decisions (proxy leverage) show a negative effect on the stock's return significantly. Simultaneously, the variables above affect stock return significantly. The implication is that management should pay more attention to financial factors, especially net profit, cash flow, and leverage to increase stock return and the company's value. A B S T R A K Sektor Perdagangan, Jasa, dan Investasi menunjukkan peran penting dalam perekonomian nasional dan menunjukkan pertumbuhan yang baik selama tahun-tahun terakhir ini yang mana berhasil menciptkan puluhan juta lapangan kerja formil maupun non-formil. Tujuan penelitian ini adalah mengkaji pengaruh informasi laba, arus kas operasi, arus kas pendanaan, arus kas investasi dan keputusan pendanaan terhadap return saham di sektor jasa di Bursa Efek Indonesia. Riset ini menggunakan teknik analisis regresi panel data. Hasil penelitian menunjukkan bahwa secara parsial informasi laba, arus kas operasi, dan arus kas pendanaan berpengaruh positif terhadap return saham. Namun arus kas investasi dan keputusan pendanaan menunjukkan pengaruh negatif dan signifikan terhadap return saham. Secara bersamaan semua variable independen menunjukkan pengaruh signifikan. Dengan demikian perusahaan sektor jasa sebaiknya memperhatikan manajemen laba, pengendalian arus kas dan keputusan pendanaan yang lebih baik untuk meningkatkan nilai perusahaan dan return sahamnya.
Journal of Research in Business, Economics, and Education, 2020
One of the investment activities that can be done is by investing in securities or stocks. The stock itself is evidence of equity participation in a company. Efficient Market Hypothesis explains that stock prices reflect all available information, which means that any information that can be used to predict stock performance will be reflected in stock prices. The sample objects of the companies studied were manufacturing companies on the Indonesia Stock Exchange for 2018, where their financial reports have been published and have been audited. The stock price which is the object of the dependent variable is the price per March 31, which is the last reported price when the shares are sold on the stock exchange, where three months after the end of the fiscal year, at this time the stock price reflects all information available in the market. This price occurs after the shares are listed on the stock exchange (secondary market price), and on March 31 all audit reports have been submitted. The partial test results show that the cash flow variable does not have a significant effect on stock returns, while the ROE and size variables have a significant effect on stock returns. Simultaneous test results show column sig. 0.000 <0.05 level of significant (a). This means that simultaneously the independent variable has a significant effect on the dependent variable. This means that the null hypothesis (Ho) is rejected, while the alternative hypothesis (Ha) is accepted. The ability of the independent variable in explaining the dependent variable in this model is 37.8%, while the remaining 62.2% is caused by other variables outside this model. Based on these results, by looking at the small number of variables that have a significant effect on price movements and stock returns, it shows that the capital market in Indonesia is still not efficient. In other words, this study proves that the Grand Theory: Efficient Market Hypothesis has not been implemented in Indonesia.