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Journal : Widyagama National Conference on Economics and Business (WNCEB)

PENGARUH MONDAY EFFECT DAN WEEKEND EFFECT TERHADAP RETURN SAHAM (Studi Pada Saham Perusahaan LQ 45 Periode Agustus 2020 – Januari 2021) Dita Prastiana; Dharmayanti Pri Handini; Nasharuddin Mas
Widyagama National Conference on Economics and Business (WNCEB) Vol 2, No 1: WNCEB 2021
Publisher : Universitas Widyagama Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (236.395 KB) | DOI: 10.31328/wnceb.v2i1.3550

Abstract

Abstrak Tujuan penelitian ini adalah untuk menemukan bukti empiris kemampuan  Monday effect maupun weekend effect dalam meningkatkan return saham, baik secara simultan maupun parsial. Selain itu, juga akan mengkaji variabel mana yang lebih dominan dalam meningkatkan return saham.Pendekatan kuantitatif regresi berganda digunakan untuk menguji 45 perusahaan LQ 45 periode Agustus 2020 – Januari 2021. Penelitian ini menggunakan data sekunder di Bursa Efek Indonesia. Temuan empiris yang diperoleh adalah Monday effect dan weekend effect secara simultan maupun parsial mampu meningkatkan secara berarti return saham. Juga ditemukan Weekend effect memiliki kemampuan lebih dibandingkan Monday effect dalam meningkatkan return saham, meskipun dugaan peneliti sebelumnya adalah Monday effect yang lebih dominan.  Kata Kunci: Monday Effect, Weekend Effect, Return Saham, LQ 45 AbstractThe purpose of this study was to find empirical evidence of the ability of the Monday effect and weekend effect to increase stock returns, either simultaneously or partially. In addition, it will also examine which variables are more dominant in increasing stock returns.Multiple regression quantitative approach is used to test 45 LQ 45 companies for the period August 2020 – January 2021. This study uses secondary data on the Indonesia Stock Exchange.The empirical findings obtained are that the Monday effect and the weekend effect can simultaneously or partially increase stock returns significantly. It was also found that the Weekend effect has more ability than the Monday effect in increasing stock returns, even though the previous researcher suspected that the Monday effect was more dominant. Keywords: Monday Effect, Weekend Effect, Stock Return, LQ 45
EFEK DEBT TO EQUITY RATIO TERHADAP HARGA SAHAM YANG DIMEDIASI ERANING PER SHARE Aloysius Ray Julian Kusdiantoro; Nasharuddin Mas; Alfiana Alfiana
Widyagama National Conference on Economics and Business (WNCEB) Vol 2, No 1: WNCEB 2021
Publisher : Universitas Widyagama Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (240.702 KB) | DOI: 10.31328/wnceb.v2i1.3148

Abstract

AbstrakPenelitian ini bertujuan untuk mengetahui pengaruh Debt to Equity Ratio terhadap harga Saham, pengaruh Debt to Equity Ratio terhadap Earning Per Share, pengaruh Earning Per Share terhadap harga saham, dan pengaruh Earning Per Share dalam memediasi Debt Equity Ratio terhadap harga saham. Pendekatan dalam penelitian ini berbentuk penelitian deskriptif kuantitatif. Penelitian menggunakan data sekunder berupa laporan keuangan yang di publikasikan di Bursa Efek Indonesia. Sampel penelitian ini berjumlah 9 perusahaan Konstruksi pada periode tahun 2015-2019 dengan menggunakan teknik purposive sampling. Teknik analisis data dalam penelitian ini menggunakan uji regresi berganda. Hasil Penelitian ini menunjukan Debt Equity Ratio (DER) memiliki pengaruh positif signifikan terhadap peningkatan harga saham, Debt Equity Ratio (DER) memiliki pengaruh negative signifikan terhadap peningkatan Earning Per Share (EPS),  Earning Per Share (EPS) memiliki pengaruh positif signinfikan terhadap peningkatan Harga Saham, dan Earning Per Share (EPS) tidak mampu memediasi peningkatan Debt Equity Ratio (DER) terhadap harga saham.Kata Kunci: Debt Equity Ratio (DER), Earning Per Share (EPS), Harga Saham. AbstractThis study aims to find out:To obtain Effect of debt to equity ratio capability in driving the increase in Stock Price.To obtain Effect of debt to equity ratio capability in encouraging increased Earning Per Share To obtain Effect of Earning Per Share ability in driving the increase in Share Price.To obtain Effect of earning per share capability in mediating the effect of Debt Equity Ratio on the increase in Share Price.The approach in this study takes the form of quantitative descriptive research. The research uses secondary data in the form of financial statements published on the Indonesia Stock Exchange. This research sample amounted to 9 Construction companies in the period 2015-2019 using purposive sampling techniques. The data analysis techniques in this study used multiple regression tests.The results of this study show that: Debt Equity Ratio (DER) has a significant positive influence on the increase in the share price.  Debt Equity Ratio (DER) has a significant negative influence on the increase in Earning Per Share (EPS). Earning Per Share (EPS) has a positive impact on the increase in the Share Price.Earning Per Share (EPS) is unable to mediate an increase in the Debt Equity Ratio (DER) against the Share Price.Keywords: Debt Equity Ratio (DER), Earning Per Share (EPS), Share Price.
PENGARUH PROFITABILITAS DAN LEVERAGE TERHADAP HARGA SAHAM DENGAN PRICE EARNING RATIO SEBAGAI VARIABEL MEDIASI Jiteng Andreas; Muchlis Mas’ud; Nasharuddin Mas
Widyagama National Conference on Economics and Business (WNCEB) Vol 2, No 1: WNCEB 2021
Publisher : Universitas Widyagama Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (379.861 KB) | DOI: 10.31328/wnceb.v2i1.3143

Abstract

AbstrakPenelitian ini bertujuan untuk mengetahui dan menguji pengaruh  profitabilitas  dan leverage terhadap harga saham dengan price earning ratio (PER) sebagai variabel mediasi.   Penelitian ini di harapkan dapat menambah ilmu pengetahuan di bidang manajemen keuangan mengenai efek perubahaan profitabilittas yang diprokikan dengan ROA dan leverage yang diproksikan dengan DAR terhadap harga saham dengan PER sebagai variabel mediasi. Pada penelitian ini walaupun tidak semua variabel berdampak terhadap harga saham, namun ada satu variael yang berpengaruh terhadap harga saham yaitu ROA, adapun variabel lainya tidak berdampak terhadap harga saham yaitu DAR dan PER. Penelitian dilakukan pada perusahaan perbankan yang terdaftar di BEI dengan populasi 43 perusahaan. Teknik pengambilan sampel yang digunakan adalah purposive sampling. Berdasarkan kriteria populasi, jumlah sampel yang memenuhi syarat adalah 28 bank, teknik analisis datanya menggunakan analisis regresi linear berganda dan uji sobel. Hasil  penelitian  menunjukkan  bahwa: profitabilitas  berpengaruh  negatif tidak signifikan terhadap  price earning ratio (PER); leverage berpengaruh negatif signifikan terhadap price earning ratio (PER); price earning ratio (PER) berpengaruh positif tidak signifikan terhadap harga saham; profitabilitas berpengaruh positif signifikan terhdap harga saham; leverage berpengaruh negatif tidak signifikan terhadap harga saham; price earning ratio (PER) tidak dapat memediasi pengaruh profitabilitas terhadap harga saham; price earning ratio (PER) tidak dapat memediasi pengaruh leveregae terhadap harga sahamKata Kunci: Profitabilitas, Leverage, Price Earning Ratio (PER), Harga Saham. AbstractThis study aims to find out and test the influence of profitability and leverage on share prices with a price earning ratio (PER) as a mediation variable.  The research was conducted on banking companies registered in IDX  with  a  population  of  43  companies.  The  sampling  technique  used  is  purposive  sampling.  Based  on population criteria, the number of eligible samples is 28 banks, the data analysis technique uses multiple linear regression analysis and sobel test. The results showed that:profitability had an insignificant negative effect on the price earning ratio (PER);leverage has a significant negative effect on the price earning ratio (PER); the price earning ratio (PER) has an insignificant positive effect on the share price; profitability has a significant positive effect on the share price;leverage has an insignificant negative effect on the share price; the price earning ratio(PER) cannot mediate the effect of profitability on the share price; the price earning ratio (PER) cannot mediate the influence of leveregae on the share price.Keywords: Profitability, Leverage, Price Earning Ratio (PER), Share Price.
PENGARUH KEPUTUSAN PENDANAAN, UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL MEDIASI George Adam Titawano; Muchlis Mas’ud; Nasharuddin Mas
Widyagama National Conference on Economics and Business (WNCEB) Vol 2, No 1: WNCEB 2021
Publisher : Universitas Widyagama Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (289.156 KB) | DOI: 10.31328/wnceb.v2i1.3163

Abstract

AbstrakPenelitian ini bertujuan untuk mengetahui dan menguji pengaruh keputusan pendanaan, ukuran perusahaan terhadap nilai perusahaan dengan profitabilitas sebagai variabel mediasi.Penelitian dilakukan pada perusahaan manufaktur sektor industri barang konsumsi dengan populasi 53 perusahaan. Teknik pengambilan sampel yang digunakan adalah purposive sampling. Berdasarkan kriteria populasi, jumlah sampel yang memenuhi syarat adalah 25 perusahaan, teknik analisis datanya menggunakan uji statistik deskriptif dan uji asumsi klasik. Uji asumsi klasik digunakan agar memberikan kepastian bahwa persamaan regresi yang didapatkan memiliki ketepatan dalam estimasi, tidak bias dan konsisten.Hasil penelitian menunjukkan bahwa: keputusan pendanaan berpengaruh negatif signifikan terhadap profitabilitas; ukuran perusahaan berpengaruh positif signifikan terhadap profitabilitas; keputusan pendanaan berpengaruh positif tidak signifikan terhadap nilai perusahaan ; Ukuran perusahaan berpengaruh positif signifikan terhadap nilai perusahaan; profitabilitas berpengaruh positif signifikan terhadap nilai perusahaan; profitabilitas tidak mampu memediasi pengaruh keputusan pendanaan terhadap nilai perusahaan; profitabilitas tidak mampu memediasi ukuran perusahaan terhadap nilai perusahaan. Keterbatasan penelitian yaitu objek dalam penelitian terbatas dalam perusahaan manufaktur.Kata Kunci: Keputusan pendanaan, ukuran perusahaan, profitabilitas, nilai perusahaan. AbstractThis study aims to determine and examine the effect of funding decisions, firm size on firm value with profitability as a mediating variable. The study was conducted on manufacturing companies in the consumer goods industry sector with a population of 53 companies. The sampling technique used is purposive sampling. Based on the population criteria, the number of samples that meet the requirements are 25 companies, the data analysis technique uses descriptive statistical tests and classical assumption tests. The classical assumption test is used to provide certainty that the regression equation obtained has accuracy in estimation, is unbiased and consistent. The results showed that: profitability had an insignificant negative effect on the price earning ratio (PER); leverage has a significant negative effect on the price earning ratio (PER); the price earning ratio (PER) has an insignificant positive effect on the share price; profitability has a significant positive effect on the share price; leverage has an insignificant negative effect on the share price; the price earning ratio (PER) cannot mediate the effect of profitability on the share price; the price earning ratio (PER) cannot mediate the influence of leverage on the share price. The limitation of research is that the object of the research is limited to manufacturing companies. Keywords: Profitability, Leverage, Price Earning Ratio (PER), Share Price
PENGARUH RETURN ON ASSET, RETURN ON EQUITY DAN NET PROFIT MARGIN TERHADAP NILAI PERUSAHAAN Dimas Saifurrohman; Nasharuddin Mas; Alfiana Alfiana
Widyagama National Conference on Economics and Business (WNCEB) Vol 2, No 1: WNCEB 2021
Publisher : Universitas Widyagama Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (185.591 KB) | DOI: 10.31328/wnceb.v2i1.3144

Abstract

AbstrakPenelitian ini bertujuan untuk mengetahui pengaruh Return On Asset (ROA) terhadap Nilai Perusahaan, pengaruh Return On Equity (ROE) terhadap Nilai Perusahaan, pengaruh Net Profit Margin (NPM) terhadap Nilai Perusahaan, serta  pengaruh Return On Asset (ROA), Return On Equity (ROE) dan Net Profit Margin (NPM) terhadap Nilai perusahaan. Pendekatan penelitian ini berbentuk penelitian deskriptif kuantitatif. Penelitian menggunakan data sekunder berupa laporan keuangan yang di publikasikan di Bursa Efek Indonesia. Sampel penelitian ini berjumlah 13 perusahaan makanan dan minuman pada periode tahun 2017-2019 dengan menggunakan teknik purposive sampling. Teknik analisis data dalam penelitian ini menggunakan uji regresi berganda. Hasil penelitian ini menunjukkan bahwa Return On Asset (ROA) berpengaruh  positif dan tidak signifikan, Return On Equity (ROE) berperngaruh negatif dan tidak signifikan, Net Profit Margin (NPM) berpengaruh positif dan tidak signifikan, serta Return On Asset (ROA), Return On Equity (ROE), dan Net Profit Margin (NPM) berpengaruh positif dan sigmifikan.Kata Kunci: Return On Asset (ROA), Return On Equity (ROE), Net Profit Margin (NPM), Nilai Perusahaan AbstractThis study aims to find out: The Effect of Return On Assets (ROA) on The Company's Value. Effect of Return On Equity (ROE) on The Company's Value. The Effect of Net Profit Margin (NPM) on the Company's Value. Effect of Return On Asset (ROA), Return On Equity (ROE) and Net Profit Margin (NPM) on the Company's Value. The approach in this study takes the form of quantitative descriptive research. The research uses secondary data in the form of financial statements published on the Indonesia Stock Exchange. The sample of this study amounted to 13 food and beverage companies in the period 2017-2019 using purposive sampling techniques. The data analysis techniques in this study used multiple regression tests. The results of this study showed that: Return On Asset (ROA) has a positive and insignificant effect. Return On Equity (ROE) is negative and insignificant. Net Profit Margin (NPM) has a positive and insignificant effect. Return On Asset (ROA), Return On Equity (ROE), and Net Profit Margin (NPM) have a positive and positive effect.Keywords: Return On Asset (ROA), Return On Equity (ROE), Net Profit Margin (NPM), Company Value
Peran Kebijakan Dividen Dalam Memediasi Pengaruh Profitabilitas Terhadap Harga Saham Ari Indah Yuniarti; Dharmayanti Pri Handini; Nasharuddin Mas
Widyagama National Conference on Economics and Business (WNCEB) Vol 3, No 1: WNCEB 2022
Publisher : Universitas Widyagama Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31328/wnceb.v3i1.4288

Abstract

AbstrakPenelitian ini bertujuan untuk menganalisis peran kebijakan dividen (DPR) dalam memediasi pengaruh profitabilitas (ROE) terhadap harga saham. Populasi penelitian ini adalah perusahaan perbankan yang terdaftar di BEI periode 2016-2020 dengan populasi 40 perusahaan perbankan. Pengambilan sampel menggunakan teknik purposive sampling dan berdasarkan kriteria penelitian, jumlah sampel yang memenuhi syarat adalah 11 perusahaan perbankan. Teknik analisis data menggunakan analisis jalur. Hasil penelitian menemukan bahwa: profitabilitas (ROE) berpengaruh positif signifikan terhadap kebijakan dividen (DPR); kebijakan dividen (DPR) berpengaruh negatif tidak signifikan terhadap harga saham; profitabilitas (ROE) berpengaruh positif signifikan terhadap harga saham; kebijakan dividen (DPR) mampu memediasi pengaruh profitabilitas (ROE) terhadap harga saham. Kata Kunci: Profitabilitas, Kebijakan Dividen, Harga Saham AbstractThis study aims to analyze the role of dividend policy (DPR) in mediating the effect of profitability (ROE) on Share Price. The population of this study are banking companies registered in IDX for the period 2016-2020 with a population of 40 banking companies. The sampling using purposive sampling technique and based on the research criteria, the number of eligible samples is 11 banking companies. The data analysis technique uses path analysis. The results found that: profitability (ROE) has a significant positive effect on dividend policy (DPR): dividend policy (DPR) had an insignificant negative effect on share price; profitability (ROE) has a significant positive effect on the share price; dividend policy (DPR) is able to mediate the effect of profitability (ROE) on the share price.Keywords: Profitability, Dividend Policy, Share Price