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Harryono, Sumadji
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KAJIAN PENGARUH KINERJA KEUANGAN DAN KEBIJAKAN HUTANG TERHADAP PERGERAKAN HARGA SAHAM PADA PERUSAHAAN INDUSTRI MAKANAN DAN MINUMAN DI BURSA EFEK INDONESIA noerchoidah, noerchoidah; Harryono, Sumadji; Perdana, Buyung Cahya
Majalah Ekonomi Vol 24 No 1 (2019): Juli
Publisher : Fakultas Ekonomi Universitas PGRI Adi Buana

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Abstract

For instance, in form of a deposit with average of 6 % per annum, stock exchange investment gives return more than saving money in bank. But investor must be analyze carefully in buying shares. Using one analytical share techniques method. Investor will easily know which share they should buy. This research attempt to observe whether financial performance of the firms in analyzing the share of food and beverage company in Indonesian stock exchange still has strong influence to their shares prices movement. Financial performance variables which have direct relationship to share, Divident per share, Price Earning, Debt to Equity and Return in Equity and they are as part of leverage variables of the firm. Analysis shows that from the five independent variables of financial performance which are tested individually, only divident per share influence shares price movement. When they are tested simultaneously, all of them influence shares prices movement significantly but this this shares prices movement is effected by independent variables while the others caused by non fundamental factors of the firms.
Analisis Pengaruh Struktur Kepemilikan Manajemen, Kebijakan Hutang Dan Risiko Terhadap Kinerja Keuangan Perusahaan Industri Manufaktur Tbk Di Indonesia Harryono, Sumadji; noerchoidah, noerchoidah
Majalah Ekonomi Vol 22 No 2 (2017): Desember
Publisher : Fakultas Ekonomi Universitas PGRI Adi Buana

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Abstract

The main objective of this study was to examine the effect of ownership structure management, debt policy and the risks to the value of public manufacturing companies in Indonesia.. Unlike the agency problems in capital markets have developed, agency problem in Indonesia is the difference between the interests of the minority owners of the majority owner. The hypothesis in this study were: (1) ownership structure, significant effect on debt policy, (2) ownership structure and debt policies have a significant effect on the financial performance of the company. This study wanted to test the agency theory, Jensen and Meckling (1976), Pecking Order Theory, Myers (1984), The trade off models and Signaling Theory, Copeland (1992). The population in this study is an open manufacturing company listed on the Indonesia Stock Exchange. A total of 157 companies were taken as samples by using purposive sampling. Data were analyzed using the Structural Equation Modelling. These studies suggest that the ownership structure of management, significant effect on debt policy. Ownership structure and debt policies have a significant effect on the financial performance of the company. Results of this study do not support the agency theory, Jensen and Meckling (1976) but the results of this study support the Pecking Order Theory, Myers (1984), The trade off models and Signaling theory, Barcley (1995).
ANALISIS FAKTOR-FAKTOR FUNDAMENTAL KEUANGAN TERHADAP RISIKO DAN RETURN PERUSAHAAN INDUSTRI TEKSTIL DAN PRODUK TEKSTIL DI INDONESIA noerchoidah, noerchoidah; harryono, sumadji
Majalah Ekonomi Vol 23 No 1 (2018): Juli 2018
Publisher : Fakultas Ekonomi Universitas PGRI Adi Buana

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This study aims to obtain empirical evidence that the company's financial fundamentals have a significant influence both together and partial toward return and beta share on Textile and Product Textile Industry that listing on the Indonesian Stock Exchange. As an independent variable used is the Earning Per Share (EPS), Dividend Payout Ratio (DPR), Current Ratio (CR), Return on Investment (ROI) and Price Earning Ratio (PER). While the dependent variable is the stock return and beta. Testing linear regression of stock return produce the F-count of 0213 with a significance level of 0,951 and against beta stocks produce F-count is 4.748 with a significance level of 0.010. This means that simultaneously the company's financial fundamentals have no significant effect on stock returns at a significance level of 5%, while against beta stocks have a significant influence on the level of significance of 5%. Tests partially with t-test showed that none of the company's financial fundamentals variables significantly influence the stock return at 5% significance level. While in beta testing on the stock, shares that have a significant effect on ROI level 5% only, whereas other variables did not influence significantly
ANALISIS LAJU PERGERAKAN HARGA SAHAM EMITEN INDUSTRI PERTAMBANGAN BERDASARKAN PADA CAPAIAN PROFIT, IHSG DAN BUNGA PENJAMINAN noerchoidah, noerchoidah; Harryono, Sumadji
Majalah Ekonomi Vol 23 No 2 (2018): Desember
Publisher : Fakultas Ekonomi Universitas PGRI Adi Buana

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Abstract

Before investing in stocks, individual or organization must ensure that the investment made is correct. This can performed by applying a variety of alternative methods for valuing whether Preferred stock is really a stock that will bring positive returns in the future. One alternative investment appraisal is based on analysis of fundamental or company performance. Profitability ratios demonstrate the ability company in making a profit is one way to know the performance of the company. This study aimed to know whether there is influence profitability ratios - as one corporate performance indicators - the stock price. The object in this study were sixteen companies engaged in the mining industry that are listed on the Indonesian Stock Exchange. Understanding the empirical description of stock prices movement on the economical setting, firm’s perform, and the behavior of its IHSG. This study evaluates the effect of three factors: firm’s profitability, interest rate, and IHSG, toward the stock prices movement of 16 mining and mining service stocks listing at Indonesian Stock Exchange (BEI). This analysis indicated that the stock prices movement was the most dominant influenced by IHSG followed by interest rate (negative) and firm’s profitability. This study also found that IHSG would become an effective intervening variable for transmitting both ROI and interest effect toward the stock prices movements, and hence the role of IHSG could be adopted as investor strategy
KAJIAN PENGARUH KINERJA KEUANGAN DAN KEBIJAKAN HUTANG TERHADAP PERGERAKAN HARGA SAHAM PADA PERUSAHAAN INDUSTRI MAKANAN DAN MINUMAN DI BURSA EFEK INDONESIA noerchoidah, noerchoidah; Harryono, Sumadji; Perdana, Buyung Cahya
Majalah Ekonomi Vol 24 No 1 (2019): Juli
Publisher : Fakultas Ekonomi Universitas PGRI Adi Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

For instance, in form of a deposit with average of 6 % per annum, stock exchange investment gives return more than saving money in bank. But investor must be analyze carefully in buying shares. Using one analytical share techniques method. Investor will easily know which share they should buy. This research attempt to observe whether financial performance of the firms in analyzing the share of food and beverage company in Indonesian stock exchange still has strong influence to their shares prices movement. Financial performance variables which have direct relationship to share, Divident per share, Price Earning, Debt to Equity and Return in Equity and they are as part of leverage variables of the firm. Analysis shows that from the five independent variables of financial performance which are tested individually, only divident per share influence shares price movement. When they are tested simultaneously, all of them influence shares prices movement significantly but this this shares prices movement is effected by independent variables while the others caused by non fundamental factors of the firms.