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CORPORATE SUSTAINABILITY PERFORMANCE AND FINANCIAL PERFORMANCE: MODERATING EFFECT OF BOARD COMPOSITION Ferina Nurlaily; Ahadiyah Adinia Rahmi
Akurasi : Jurnal Studi Akuntansi dan Keuangan Vol 4 No 2 (2021): Akurasi: Jurnal Studi Akuntansi dan Keuangan, Desember 2021
Publisher : Magister Akuntansi Fakultas Ekonomi dan Bisnis Unram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29303/akurasi.v4i2.111

This study analyzes the moderating effect of the composition of female directors and the composition of independent directors on CSP and ROA. The purpose of this study is to analyze the effect of the disclosure of Corporate Sustainability Performance (CSP) on the Return on Assets (ROA) as a proxy for the company's financial performance. The population of this study is companies listed on the SRI-KEHATI index during the period November 2016– October 2019. The research hypotheses were tested using linear regression analysis and moderated regression analysis. The study results found that CSP has a significant effect on the company's ROA. The better and more complete the CSP disclosure, the higher the ROA. Furthermore, the composition of female and independent directors does not significantly affect CSP on corporate financial performance. This study implies that female directors and the composition of the independent board are more for compliance with regulatory requirements.

PENGARUH MARKET VALUE RATIO, LEVERAGE, DAN PROFITABILITAS TERHADAP FUTURE INVESTMENT (Studi Pada Perusahaan Subsektor Asuransi yang Terdaftar di BEI Periode Tahun 2010-2016) Devita Febriana Damayanti; Siti Ragil Handayani; Ferina Nurlaily
Jurnal Administrasi Bisnis Vol 61, No 2 (2018): AGUSTUS
Publisher : Fakultas Ilmu Administrasi Universitas Brawijaya

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The type of research was explanatory research. The population in this study were all insurance sub-companies listed on the Indonesia Stock Exchange Period of 2010 to 2016 and obtained 5 sample companies selected based on certain criteria tailored to the purpose of research. The method used in this research was multiple linear regression analysis. The results of this study proved that: 1)on Investment Rate (a)Book to Market Ratio, Debt Ratio, Return on Equity and Return on Asset have significant effect on Investment Rate; (b)Book to Market Ratio partially has a significant effect on Investment Rate; (c)Debt Ratio partially has no significant effect on Investment Rate; (d) Return on Equity partially has no significant effect on Investment Rate; (e) Return on Asset partially has no significant effect on Investment Rate. 2) on Investment Opportunity (a) Book to Market Ratio, Debt Ratio, Return on Equity and Return on Asset have significant effect on Investment Opportunity; (b)Book to Market Ratio partially has a significant effect on Investment Opportunity; (c) Debt Ratio partially has a significant effect on Investment Opportunity; (d) Return on Equity partially has a significant effect on Investment Opportunity; (e)Return on Assets partially has a significant effect on Investment Opportunity. Kеywords: Investment Rate, Investment Opportunity, Book to Market Ratio, Debt Ratio, Return on Equity and Return on Asset. АBSTRАK Jenis penelitian ini adalah penelitian penjelasan (Explanatory Research). Populasi dalam penelitian ini adalah seluruh perusahaan subsektor asuransi yang terdaftar di Bursa Efek Indonesia Periode tahun 2010-2016 dan didapat 5 perusahaan sampel yang terpilih berdasarkan kriteria tertentu yang disesuaikan dengan tujuan penelitian. Metode yang digunakan dalam penelitian ini adalah analisis regresi linear berganda. Hasil penelitian ini membuktikan bahwa : 1) pada Investment Rate (a) Book to Market Ratio, Debt Ratio, Return on Equity dan Return on Asset berpengaruh signifikan terhadap Investment Rate; (b) Book to Market Ratio secara parsial berpengaruh signifikan Investment Rate; (c) Debt Ratio secara parsial tidak berpengaruh signifikan Investment Rate; (d) Return on Equity secara parsial tidak berpengaruh signifikan Investment Rate; (e) Return on Asset secara parsial tidak berpengaruh signifikan Investment Rate. 2) pada Investment Opportunity (a) Book to Market Ratio, Debt Ratio, Return on Equity dan Return on Asset berpengaruh signifikan terhadap Investment Opportunity; (b) Book to Market Ratio secara parsial berpengaruh signifikan Investment Opportunity; (c) Debt Ratio secara parsial berpengaruh signifikan Investment Opportunity; (d) Return on Equity secara parsial berpengaruh signifikan Investment Opportunity; (e) Return on Asset secara parsial berpengaruh signifikan Investment Opportunity. Kаtа Kunci: Investment Rate, Investment Opportunity, Book to Market Ratio, Debt Ratio, Return on Equity dan Return on Asset.

ANALISIS INTERNET FINANCIAL REPORTING (IFR) (Studi Pada Perusahaan Manufaktur Yang Go Public di Indonesia, Singapura, dan Malaysia) Pratiwi Putri Widari Putri Widari; Muhammad Saifi; Ferina Nurlaily
Jurnal Administrasi Bisnis Vol 56, No 1 (2018): MARET
Publisher : Fakultas Ilmu Administrasi Universitas Brawijaya

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Technological development become a part in every human life. Technology used because it is more effective in helping users including for companies in doing financial reporting. Internet Financial Reporting (IFR) is a voluntary disclosure of financial statements which measured using the Internet Financial Reporting (IFR) index. The purpose of this study are to know how the quality of Internet Financial Reporting (IFR) on manufacturing companies that go public in Indonesia, Singapore and Malaysia. The type of research is content analysis with quanlitative approach. Data analysis technique used descriptive analysis technique. The results of this study indicate that the quality of Internet Financial Reporting (IFR) at the go public manufacturing companies in Singapore is better than Indonesia, and Malaysia. The quality of the content components at the go public manufacturing companies in Singapore is better than Indonesia, and Malaysia. The quality of the timeliness component at the go public manufacturing companies in Singapore is better than Indonesia, and Malaysia. The quality of the technology component at the go public manufacturing companies Singapore is better than in Malaysia, and Indonesia. The quality of the user support components at the go public manufacturing companies Indonesia is better than in Singapore, and Malaysia. Kеywords: Internet Financial Reporting (IFR), content, timeliness, technology, user support. АBSTRАK Teknologi semakin berkembang dan menjadi bagian dalam kehidupan manusia Teknologi digunakan karena lebih efektif membantu keperluan penggunanya termasuk bagi perusahaan dalam melakukan pelaporan keuangan. Internet Financial Reporting (IFR) merupakan pengungkapan laporan keuangan secara sukarela melalui website perusahaan yang kualitasnya diukur menggunakan indeks Internet Financial Reporting (IFR). Tujuan dari penelitian ini adalah untuk mengetahui bagaimana kualitas Internet Financial Reporting (IFR) secara keseluruhan dan tiap komponennya pada perusahaan manufaktur yang go public di Indonesia, Singapura dan Malaysia. Jenis penelitian yang digunakan adalah penelitian analisis isi dengan pendekatan kuanlitatif. Teknik analisis data yang digunakan adalah teknik analisis deskriptif. Hasil dari penelitian ini menunjukkan bahwa kualitas Internet Financial Reporting (IFR) pada perusahaan manufaktur yang go public di Singapura lebih baik daripada di Indonesia, dan Malaysia. Kualitas pada komponen Content pada perusahaan manufaktur yang go public di Singapura lebih baik daripada di Indonesia, dan Malaysia. Kualitas pada komponen Timeliness pada perusahaan manufaktur yang go public di Singapura lebih baik daripada di Indonesia, dan Malaysia. Kualitas pada komponen Technology pada perusahaan manufaktur yang go public di Singapura lebih baik daripada di Malaysia, dan Indonesia. Kualitas pada komponen User Support pada perusahaan manufaktur yang go public di Indonesia lebih baik daripada di Singapura, dan Malaysia. Kаtа Kunci: Internet Financial Reporting (IFR), content, timeliness, technology, user support.

REAKSI PASAR MODAL INDONESIA AKIBAT PERISTIWA PEMILIHAN GUBERNUR DKI JAKARTA PUTARAN II 2017 (Event Study Pada Saham Perusahaan Yang Terdaftar Di Indeks Lq45 Periode Februari – Juli 2017) David Rofiki; Topowijono Topowijono; Ferina Nurlaily
Jurnal Administrasi Bisnis Vol 62, No 2 (2018): SEPTEMBER
Publisher : Fakultas Ilmu Administrasi Universitas Brawijaya

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The purpose of this research is to find out whether there is average abnormal return a significant around the event period of DKI Jakarta Second Round Election 2017 and to know whether there is difference of average of abnormal return and trading volume activity before and after event of DKI Jakarta Second Round Governor Election 2017.Population and sample in this research is stock company listed in index LQ45 period February July 2017 by using technique of sampling Purposive Sampling. Period of research for 10 trading days, covering 5 days before and 5 days after the event. Hypothesis test used is One Sample T-test and Wilcoxon Signed Rank Test. The result of One Sample t-test shows that there is an average of abnormal return negative significant around the period of events but only temporary because subsequent periods have abnormal return significant positive. Test of WIlcoxon signed Rank test shows the difference of Abnormal return of significant period before and after event,result Wilcoxon Signed Rank test onvariable trading volume activity did not find any significant difference of trading volume before and after event of DKI Jakarta Second Round Governor Election 2017. Kеywords: Event Study, Abnormal Return, Trading Volume Activity АBSTRАK Tujuan dari penelitian untuk mengetahui apakah terdapat rata-rata abnormal return yang signifikan di sekitar periode peristiwa Pemilihan Gubernur DKI Jakarta Putaran II 2017 serta untuk mengetahui apakah terdapat perbedaan rata-rata abnormal return dan trading volume activity sebelum dan sesudah peristiwa Pemilihan Gubernur DKI Jakarta Putaran II 2017.Populasi dan sampel dalam penelitian ini adalah saham perusahaan yang terdaftar dalam indeks LQ45 periode Februari – Juli 2017 dengan menggunakan teknik penarikan sampel Purposive Sampling. Periode penelitian selama 10 hari bursa, meliputi 5 hari sebelum dan 5 hari sesudah peristiwa. Uji hipotesis yang digunakan adalah uji One Sample T-test dan uji Wilcoxon Signed Rank Test. Hasil uji One Sample t-test menunjukan bahwa terdapat rata-rata abnormal return negatifsignifikan di sekitar periode peristiwa namun hanya bersifat sementara karena periode selanjutnya terdapat abnormal return positif signifikan. Uji WIlcoxon signed Rank test menunjukan adanya perbedaan Abnormal return yang signifikan periode sebelum dan sesudah peristiwa,hasil uji Wilcoxon Signed Rank test pada variabel trading volume activity tidak menemukan adanya perbedaan signifikan volume perdagangan sebelum dan sesudah peristiwa Pemilihan Gubernur DKI Jakarta Putaran II 2017. Kаtа Kunci:Event Study, Abnormal Return, Trading Volume Activity

UJI BEDA IMPLEMENTASI ASEAN - AUSTRALIA - NEW ZEALAND FREE TRADE AGREEMENT (AANZFTA)TERHADAP EKSPOR DAN IMPOR (Studi pada Trademap Periode Tahun 2009-2014) Mukhibatul Hikmah; Suhadak Suhadak; Ferina Nurlaily
Jurnal Administrasi Bisnis Vol 57, No 2 (2018): APRIL
Publisher : Fakultas Ilmu Administrasi Universitas Brawijaya

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The study was done to determine whether there are differences in Indonesia's exports and imports to Australia and New Zealand before and after the implementation of the AANZFTA. The study used sample of export and import data for 2009-2014 period with consideration of three years before and three years after implementation of AANZFTA. The type of research is quantitative research by performing descriptive statistics and inference statistics. Hypothesis Test in this research used Paired Sample T Test and Wilcoxon Signed Rank Test as different test. Normality test was done before doing different test, this is done to know the different test that will be used. Based on the results of the analysis that has been done by using paired t test obtained various results. The results of this study indicate that there is no difference in Indonesia's exports to Australia before and after the implementation of AANZFTA and there are significant differences in Indonesia's exports to New Zealand before and after the implementation of AANZFTA. In import activities, significant differences occurred in Indonesian imports from Australia and New Zealand before and after AANZFTA was implemented. Keywords : AANZFTA, export, import ABSTRAK Penelitian dilakukan untuk mengetahui apakah terdapat perbedaan ekspor dan impor Indonesia terhadap Australia dan Selandia Baru sebelum dan sesudah penerapan AANZFTA tersebut. Penelitian menggunakan sampel data ekspor dan impor periode 2009-2014 dengan pertimbangan tiga tahun sebelum dan tiga tahun sesudah penerapan AANZFTA. Jenis penelitian yang dilakukan merupakan penelitian kuantitatif dengan melakukan statistik deskriptif dan statistik inferensial. Uji hipotesis dalam penelitian ini menggunakan uji t berpasangan (paired sample t test) dan uji peringkat bertanda Wilcoxon (Wilcoxon signed ranks test) sebagai uji beda. Sebelum melakukan uji beda terlebih dahulu dilakukan uji normalitas untuk mengetahui uji beda yang akan digunakan dalam penelitian. Berdasarkan hasil analisis yang telah dilakukan dengan menggunakan uji t berpasangan (paired sample t test) diperoleh hasil yang beragam. Hasil dari penelitian ini menunujukkan bahwa tidak terdapat perbedaan ekspor Indonesia ke Australia sebelum dan sesudah penerapan AANZFTA dan terdapat perbedaan signifikan ekspor Indonesia ke Selandia Baru sebelum dan sesudah penerapan AANZFTA. Pada kegiatan impor, terdapat perbedaan signifikan yang terjadi pada impor Indonesia dari Australia dan Selandia Baru sebelum dan sesudah AANZFTA diterapkan. Kata Kunci : AANZFTA, ekspor, impor

ANALISIS ABNORMAL RETURN DAN TRADING VOLUME ACTIVITY TERHADAP PENGUMUMAN UNUSUAL MARKET ACTIVITY (Studi pada Perusahaan yang Terdaftar dalam Pengumuman Unusual Market Activity di BEI Tahun 2015-2017) Dewi Cahya Wulan; Siti Ragil Handayani; Ferina Nurlaily
Jurnal Administrasi Bisnis Vol 61, No 1 (2018): AGUSTUS
Publisher : Fakultas Ilmu Administrasi Universitas Brawijaya

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In stock trading in capital market, information is the most important thing for investors who will be doing activities in capital market. Information can be obtained from some parties, which is Unusual Market Activity(UMA) announcement. UMA announcement is the announcement of any trading activity or price movement of an unusual effect on a certain period of time on a stock exchange which, in the opinion of the stock exchange, could potentially disrupt the implementation of regular, fair and efficient securities trading.More UMA announcement in capital market, shows uncertainty in capital market. The purpose of this study was to determine whether there is a difference of Abnormal Return and Trading Volume Activity before and after the UMA announcement. The purpose of this study also to determine whether there is a significant market reaction abnormal return around UMA announcement.The research is using quantitative methods. The population in this research are companies who listed in UMA announcement year 2015-2017 on Indonesian Stock Exchange. Sample selection technique in this research is purposive sampling, so that selected 62 company as sample. Data analysis in this study is normality of data, different test Paired Sample T-Test, Wilcoxon Signed Rank Test and One Sample T-Test. Kеywords: Unusual Market Activity (UMA) Announcement, Abnormal Return (AR), Trading Volume Activity (TVA), One Sample T-Test. АBSTRАK Pada perdagangan saham di pasar modal, informasi mempunyai peranan penting terutama bagi para investor yang akan melakukan aktivitas di pasar modal. Informasi dapat diperoleh dari berbagai pihak, salah satunya adalah pengumuman Unusual Market Activity (UMA). Pengumuman UMA merupakan pengumuman adanya aktivitas perdagangan dan atau pergerakan harga suatu efek yang tidak biasa pada suatu kurun waktu tertentu di bursa efek yang menurut penilaian bursa dapat berpotensi mengganggu terselenggaranya perdagangan efek yang teratur, wajar dan efisien.Kondisi semakin banyaknya pengumuman UMA ini mencerminkan ketidakpastian pada pasar modal di Indonesia. Penelitian ini memiliki tujuan untuk mengetahui apakah ada perbedaan Abnormal Return (AR) dan Trading Volume Activity (TVA) sebelum dan sesudah pengumuman Unusual Market Activity (UMA). Penelitian ini juga memiliki tujuan untuk mengetahui apakah terdapat reaksi signifikan AR disekitar tanggal pengumuman UMA. Penelitian ini merupakan penelitian kuantitatif. Populasi yang digunakan pada penelitian ini adalah perusahaan-perusahaan yang terdaftar dalam pengumuman UMA di Bursa Efek Indonesia pada tahun 2015-2017. Teknik pemilihan sampel pada penelitian ini adalah purposive sampling, sehingga terpilih 62 perusahaan sebagai sampel. Analisis data menggunakan uji normalitas kemudian menggunakan uji beda Paired Sample T-Test, Wilcoxon Signed Rank Testdan One Sample T-Test. Kаtа Kunci: Pengumuman Unusual Market Activity(UMA), Abnormal Return (AR), Trading Volume Activity (TVA), One Sample T-Test.

ANALISIS PREDIKSI FINANCIAL DISTRESS PERUSAHAAN DENGAN MENGGUNAKAN METODE SPRINGATE (S-SCORE) (Studi Pada Perusahaan Sub Sektor Rokok yang Terdaftar Di Bursa Efek Indonesia Periode 2013 – 2017) Irvan Prastomo Nugroho; Sri Mangesti Rahayu; Ferina Nurlaily
Jurnal Administrasi Bisnis Vol 78, No 1 (2020): JANUARI
Publisher : Fakultas Ilmu Administrasi Universitas Brawijaya

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Indonesia is the fourth largest cigarette consumer in the world and the first largest in ASEAN. Tobacco is the biggest producer of Indonesia's excise revenue. The cigarette industry has obstacles such as an increase in excise tax which tends to increase every year and health laws that make cigarette production decline. Barriers that occur have the potential to reduce the productivity of cigarette production, resulting in financial distress for companies. This study aims to determine the prediction of financial distress in cigarette sub sector companies listed on the Indonesia Stock Exchange in the period 2013- 2017, with descriptive and quantitative approach. Data analysis techniques in the form using a Springate S-Score calculation, this combines four types of financial ratios, namely working capital to total assets (A), EBIT to total assets (B), EBT to current debt (C), sales to total assets ( D), and to be able to predict the company is in the healthy zone (Z> 0.862) or the financial distress zone (Z <0.862). The results indicate that there is one company that was in the financial distress zone. To avoid the financial distress zone in the future, the company is expected to improve its financial condition. Keywords: Financial Distress, Metode Springate S-Score ABSTRAK Indonesia adalah konsumen rokok terbesar keempat di dunia dan terbesar pertama di ASEAN. Tembakau adalah produsen terbesar pendapatan cukai Indonesia. Industri rokok memiliki kendala seperti kenaikan pajak cukai yang cenderung meningkat setiap tahun dan undang-undang kesehatan yang membuat penurunan produksi rokok. Hambatan yang terjadi berpotensi mengurangi produktivitas produksi rokok, sehingga dapat mengakibatkan kesulitan keuangan bagi perusahaan. Penelitian ini bertujuan untuk mengetahui prediksi financial distress pada perusahaan sub sektor rokok yang terdaftar di Bursa Efek Indonesia pada periode 2013-2017, dengan pendekatan deskriptif dan kuantitatif. teknik analisis data yang digunakan adalah perhitungan S-Score Springate, yang menggabungkan empat jenis rasio keuangan, yaitu modal kerja terhadap total aset (A), EBIT terhadap total aset (B), EBT terhadap utang saat ini (C), penjualan terhadap total aset (D), dan untuk memprediksi perusahaan berada di zona sehat (Z> 0,862) atau zona kesulitan keuangan (Z <0,862). Hasil menunjukkan bahwa ada satu perusahaan yang berada di zona kesulitan keuangan. Untuk menghindari zona financial distress di masa depan, perusahaan diharapkan memperbaiki kondisi keuangannya. Kata Kunci: Financial Distress, Metode Springate S-Score

PENGARUH ALTMAN Z-SCORE TERHADAP HARGA SAHAM (Studi Kasus Pada Perusahaan Sektor Jasa Telekomunikasi dan Subsektor Penyedia Menara Telekomunikasi yang Terdaftar di BEI Periode 2015-2018) Aulia Dyah Ayu Lestari; Cacik Rut Damayanti; Ferina Nurlaily
Jurnal Administrasi Bisnis Vol 78, No 1 (2020): JANUARI
Publisher : Fakultas Ilmu Administrasi Universitas Brawijaya

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This study aims to determine the results of effect bankruptcy prediction on stock prices in telecommunications companies and telecommunication tower providers listed on the Indonesia Stock Exchange. This type of research uses explanatory research methods with quantitative approach. The variables of this study are the stock price as the dependent variable and the Altman Z-Score as the independent variable. Sample companies that fit the specified criteria were 10 companies. The results showed that partially the Altman Z-Score variable had a significant effect on the Stock Price variable. The significant value owned by Altman Z-Score is 0.011 < level of significance (α= 5%). For the Altman Z-Score calculation results during the study year, 55% of companies went bankrupt, 30% of companies in the safe category, and 15% of companies in the gray area category. Keywords: Altman Z-Score, Financial Statements, Stock Price, Potential Bankruptcy Predictions ABSTRAK Penelitian ini bertujuan untuk mengetahui pengaruhnya prediksi kebangkrutan terhadap harga saham pada perusahaan telekomunikasi dan perusahaan penyedia menara telekomunikasi yang terdaftar di Bursa Efek Indonesia. Jenis penelitian ini menggunakan metode explanatory research menggunakan pendekatan kuantitatif. Variabel penelitian ini adalah harga saham sebagai variabel dependen dan Altman Z-Score sebagai variabel independen. Perusahaan sampel yang sesuai dengan kriteria yang ditentukan sebanyak 10 perusahaan. Hasil penelitian menunjukan bahwa secara parsial variabel Altman Z-Score berpengaruh signifikan terhadap variabel Harga Saham. Nilai signifikan yang dimiliki Altman Z-Score sebesar 0.011 < level of significance (α= 5%). Untuk hasil perhitungan Altman Z-Score selama tahun penelitian dilakukan sebesar 55 % perusahaan mengalami kebangkrutan, 30 % perusahaan dikategori aman, dan 15 % perusahaan dikategori grey area. Kata kunci: Altman Z-Score, Laporan Keuangan, Harga Saham, Prediksi Potensi Kebangkrutan

PENGARUH UTANG LUAR NEGERI, TINGKAT INFLASI, DAN FOREIGN DIRECT INVESTMENT TERHADAP GROSS DOMESTIC PRODUCT DAN DAMPAKNYA PADA INDEKS HARGA SAHAM GABUNGAN (IHSG) (Studi pada Bank Indonesia dan Bursa Efek Indonesia Periode Q1 2009 – Q4 2016) Riky Agus Setyawan; Suhadak Suhadak; Ferina Nurlaily
Jurnal Administrasi Bisnis Vol 58, No 1 (2018): MEI
Publisher : Fakultas Ilmu Administrasi Universitas Brawijaya

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The purpose of this research is for explain influence of external debt to Gross Domestic Product, the influence of external debt to Indeks Harga Saham Gabungan, the influence inflation to Gross Domestic Product, the influence of inflation to Indeks Harga Saham Gabungan, the influence of Foreign Direct Investment to Gross Domestic Product, the influence of Foreign Direct Investment to Indeks Harga Saham Gabungan, and the influence of Gross Domestic Product to Indeks Harga Saham Gabungan. This research used explanatory research with quantitative approach, used path analysis models with SPSS 22. The result of this research is indicated there is nothing significant influence external debt to Gross Domestic Product but there is significant influence external debt to Indeks Harga Saham Gabungan, inflation has nothing indicated significant influence to Gross Domestic Product and also Indeks Harga Saham Gabungan, Foreign Direct Investment has indicated there is significant influence to Gross Domestic Product but nothing indicated significant influence to Indeks Harga Saham Gabungan, this reseacrh also indicated there is significant influence Gross Domestic Product to Indeks Harga Saham Gabungan. Keywords : External Debt, Inflation, Foreign Direct Investment, Gross Domestic Product, Indeks Harga Saham Gabungan АBSTRАK Tujuan dari penelitian ini adalah untuk menjelaskan pengaruh utang luar negeri terhadap Gross Domestic Product, pengaruh utang luar negeri terhadap Indeks Harga Saham Gabungan, pengaruh tingkat inflasi terhadap Gross Domestic Product, pengaruh tingkat inflasi terhadap Indeks Harga Saham Gabungan, pengаruh Foreign Direct Investment terhаdаp Gross Domestic Product, pengаruh Foreign Direct Investment terhаdаp Indeks Hаrgа Sаhаm Gаbungаn, dаn pengаruh Gross Domestic Product terhаdаp Indeks Hаrgа Sаhаm Gаbungаn. Jenis penelitiаn yаng digunаkаn аdаlаh eksplаnаtori dengаn pendekаtаn kuаntitаtif., menggunаkаn metode pаth аnаlysis dengаn аplikаsi SPSS 22. Hаsil penelitiаn menunjukkаn bаhwа tidаk аdа pengаruh signifikаn utаng luаr negeri terhаdаp Gross Domestic Product nаmun terdаpаt pengаruh signifikаn utаng luаr negeri terhаdаp Indeks Hаrgа Sаhаm Gаbungаn, tingkаt inflаsi tidаk menunjukkаn pengаruh signifikаn bаik terhаdаp Gross Domestic Product mаupun Indeks Hаrgа Sаhаm Gаbungаn, Foreign Direct Investment menunjukkаn pengаruh signifikаn terhаdаp Gross Domestic Product nаmun tidаk menunjukkаn pengаruh signifikаn terhаdаp Indeks Hаrgа Sаhаm Gаbungаn, hаsil penelitiаn jugа menunjukkаn Gross Domestic Product memiliki pengаruh terhаdаp Indeks Hаrgа Sаhаm Gаbungаn. Kаtа Kunci: Utаng Luаr Negeri, Tingkаt Inflаsi, Foreign Direct Investment, Gross Domestic Product, Indeks Hаrgа Sаhаm Gаbungаn

PENGARUH RETURN ON EQUITY (ROE), EARNING PER SHARE (EPS), CURRENT RATIO (CR) DAN DEBT TO EQUITY RATIO (DER) TERHADAP HARGA SAHAM (Studi pada Perusahaan Jakarta Islamic Index yang Terdaftar di Bursa Efek Indonesia Tahun 2014-2017) Cendy Andrie Pratama; Devi Farah Azizah; Ferina Nurlaily
Jurnal Administrasi Bisnis Vol 66, No 1 (2019): JANUARI
Publisher : Fakultas Ilmu Administrasi Universitas Brawijaya

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This research is based on investor demand for the company's financial performance. The company's financial performance is used by investors as a measuring tool before they invest and reflect the value of the stock price against a company. The company's financial performance can be seen through financial ratios including Return on Equity, Earning Per Share, Current Ratio, and Debt to Equity Ratio. This research is aimed to identify the influence of Return on Equity, Earning Per Share, Current Ratio, and Debt to Equity Ratio towards stock price. In this study, the independent variables are Return on Equity (X1), Earning Per Share (X2), Current Ratio (X3), and Debt to Equity Ratio (X4), while Stock Price (Y) as dependent variable. The research design used is the explanatory research with quantitative approach. The object of this research is Jakarta Islamic Index (JII) listed in Indonesia Stock Exchange in 2014 - 2017. The research involves 13 companies which are chosen by using purposive sampling technique. The data analysis used is multiple linear regression analysis using SPSS 24. Kеywords: Financial Performance, Financial Ratios, and Investors. АBSTRАK Penelitian ini didasari oleh permintaan investor terhadap kinerja keuangan perusahaan. Kinerja keuangan perusahaan digunakan oleh investor sebagai alat ukur bagi para investor sebelum mereka menanamkan modalnya dan mencerminkan nilai Harga Saham terhadap salah satu perusahaan. Kinerja keuangan perusahaan bisa dilihat melalui ratio keuangan diantaranya Return on Equity, Earning Per Share, Current Ratio, dan Debt to Equity Ratio. Penelitian ini bertujuan untuk mengetahui pengaruh Return on Equity, Earning Per Share, Current Ratio, dan Debt to Equity Ratio terhadap Harga Saham. Variabel independen dalam penelitian ini adalah Return on Equity (X1), Earning Per Share (X2), Current Ratio (X3), dan Debt to Equity Ratio (X4) dan variabel dependen adalah Harga Saham (Y). Jenis penelitian yang digunakan yaitu penelitian explanatory research, dengan pendekatan kuantitatif. Penelitian ini mengambil objek perusahaan Jakarta Islamic Index (JII) yang terdaftar di BEI periode tahun 2014-2017. Jumlah sampel penelitian setelah diseleksi dengan teknik purposive sampling adalah sebanyak 13 perusahaan. Analisis data yang digunakan adalah analisis regresi linier berganda menggunakan SPSS 24. Kаtа Kunci: Kinerja Keuangan, Ratio Keuangan, dan Investor.

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Abstract

Abstract

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