Article Per Year (5 Year)
p-Index From 2020 - 2025
2.81
P-Index
This Author published in this journals
All Journal Jurnal Ekonomi, Bisnis dan Kewirausahaan (JEBIK) Journal of Accounting Science Martabe : Jurnal Pengabdian Kepada Masyarakat International Journal of Supply Chain Management YUME : Journal of Management Journal of Information System, Applied, Management, Accounting and Research Kontribusia : Research Dissemination for Community Development Jurnal Pembelajaran Pemberdayaan Masyarakat (JP2M) Jurnal Sosial dan Teknologi JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi) Jurnal Bina Desa Journal Of Human And Education (JAHE) Jurnal Ilmiah MEA (Manajemen, Ekonomi, dan Akuntansi) Melati: Jurnal Media Komunikasi Ilmu Ekonomi Involvement International Journal of Business J-CEKI
Sulton, Muhammad
Unknown Affiliation
Agriculture, Biological Sciences & Forestry Arts Humanities Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Engineering Environmental Science Health Professions Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Public Health Social Sciences Transportation Other

Published : 17 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search
Journal : Jurnal Ekonomi, Bisnis dan Kewirausahaan (JEBIK)

 1 
Misprice, Leverage and Stock Buyback: Evidence in Indonesia Lailiyah, Elliv Hidayatul; Purwanti, Ika; Sulton, Muhammad
Jurnal Ekonomi Bisnis dan Kewirausahaan Vol 9, No 2 (2020): Jurnal Ekonomi Bisnis dan Kewirausahaan (JEBIK)
Publisher : Fakultas Ekonomi dan Bisnis, UNTAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26418/jebik.v9i2.41547

Abstract

Cash distribution by stock buyback is one ways to increase stockholder wealth. This study is to analyze the effect of misprice (misvaluation) and leverage on stock buyback. Limited prior study discussed about stock buyback and misprice especially in Indonesia, theoritically, in Indonesia not only firm with undervalue stock do stock buyback but also firm with overvalue stock. Stock buyback can increase the stock prices, but the implementation in Indonesia is still small. Non-financial firms listed on the Indonesia Stock Exchange from 2010 to 2017 used in this study. Samples were taken by a purposive sampling method based on certain criteria. The data analysis techniques use multiple linear regression statistical analysis. The results showed that misprice has a positive effect on buyback. The different thing found in Indonesia because overvalued firms hold stock buyback. Leverage has a negative effect on stock buyback. Firms with leverage below the target tend to do a stock buyback. In addition, the stock buyback also used to correct prices (for undervalued stock to be fair). The implication in this study is stock buyback not only viewing to correct prices but also giving a signal to the market that the firm is in a good fundamental condition.
Co-Authors Agustinus Agustinus Alfarisi, Abdul Rozaq Amir Al Amin, Muhammad Azka Anwar, Siti Aminah Ardiansyah, Dwi Bagus Reza Arif, Rohmat Arifin, Mesra Surya Ayu Suryandani, Anika Dyah Cahyani, Nova Dwi Delta Apriyani, Delta Elliv Hidayatul Lailiyah Fahmi Yusuf, Mohamad Fariski Nurfebriani Rusmita Hayat, Ardiansyah Ahsanul Huda, Muhammad Darul Ika Purwanti IkaPurwanti, IkaPurwanti Indira, Irma K. Zufri, Ansharullah Kartikasari, Evi Dwi Khoirudin, Muhammad Kholizah, Alfina Nur Kotima, Kusnul Manggali, Ratna Mesra Surya Arifien Mu’ah, Mu’ah Mulyani, Dewi Sri Nugraha Pratama, Muhammad Adhitya Nurmeisida, Tri Pamungkas, Muhammad Robah Prasetyo , Haris Priyatna, Deddy Rochman, Syaiful Fatur Sadiyah, Alifatus Setyono, Vicky Indarto Siti Musarofah Solekhah, Afifatul Aprilia Yani Sufianto, Permana Sunanik Sunanik Tasya, Ratma Ana Wijadmiko, Lucky Tri Wiratama, Dadang