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. Djumahir
Fakultas Ekonomi dan Bisnis Universitas Brawijaya
Decision Sciences, Operations Research & Management

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Variabel-Variabel yang Memengaruhi Rasio P/E dan Dampaknya terhadap Return Saham (Studi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia) Adam, Echan; Djumahir, .; Andarwati, .
Jurnal Aplikasi Manajemen Vol. 13 No. 4 (2015)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/

Abstract

This research is aimed to understand and to analyze the influence of firm size (size),DER (Debt to Equity Ratio), ROE (Return on Equity), DY (Dividend Yield), and TSB (InterestRate) on P/E Ratio (Price Earning Ratio), and also their influence on stock return. Samplingtechnique is census which results in 17 manufacture companies as the sample. Two-StageLeast Square is used to analyze data. Result of research has shown that: (1) Variables of Sizeand ROE are positively and significantly influencing P/E Ratio. Variables of DER and TSBare negatively but significantly influencing P/E Ratio; and DY is not significantly influencingP/E Ratio. (2) P/E Ratio is negatively and significantly influencing stock return. Anychanges happening with fundamental variables of finance and macroeconomic will increaseP/E Ratio in the next period, but the increase of P/E Ratio will force stock return in the nextperiod to decline.
Analisis Variabel Fundamental yang Berpengaruh terhadap Price Earning Ratio (PER) sebagai Dasar Penilaian Saham pada Perusahaan Automotive and Allied yang Terdaftar di Bursa Efek Indonesia Rahma, Erlin Yulia; Djumahir, .; Djazuli, Atim
Jurnal Aplikasi Manajemen Vol. 12 No. 3 (2014)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/

Abstract

 The goal of this research is to analyze the fundamental variables in which influinfluence price earning ratio of automotive and allied companies which are listed in Indonesia Stock Exchange. These variables are return on equity, debt equity ratio, earning per share, dividend payout ratio, price to book value and earning growth. The data collection is using sampling technique, there is saturated sampling or sample census. The result shows that there are six companies along 2007 to 2011. The analysis technique uses multiple linear regression in order to check the influence of independent variable on dependent variable. The result shows that the variable of return on equity is giving negative sign significant to the price earning ratio. Next, price to book value variable influences positively and signifisignificant to the price earning ratio. Coefficient determinant which is achieved is 0,536, which means that the prediction power of regression model is 53,6%.
Faktor-faktor yang Berpengaruh terhadap Peringkat Obligasi (Studi pada perusahaan Manufaktur yang terdaftar di BEI) Widiyastuti, Tetty; Djumahir, .; Khusniyah, Nur
Jurnal Aplikasi Manajemen Vol. 12 No. 2 (2014)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/

Abstract

This research aim to identify the factors affecting obligation rank on manufacturing corporations. The factors investigated in this research include coverage ratio, liquidity ratio, solvability ratio, productivity ratio, and business risk. The population in this research is all manufacturing corporations registered in BEI, with the first criteria is the corporation has been registered for 5 years, and the second criteria is the corporation has published obligations continously for 5 years. Eight corporations meet those criterias and become the research sample. Data analysis on this research use double regression analysis. The result shows that from five variable researched, only one influence the obligation rank, which is business risk. This result contributes to both theory and praticioners.
Pengaruh Ukuran Perusahaan, Umur Perusahaan, Current Ratio, Debt to Equity Ratio dan Fixed Asset to Total Asset Ratio terhadap Kinerja Keuangan pada Perusahaan Manufaktur di Bursa Efek Indonesia Arisadi, Yunita Castelia; Djumahir, .; Djazuli, Atim
Jurnal Aplikasi Manajemen Vol. 11 No. 4 (2013)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/

Abstract

 Investing in a listed company, investors need a solution to decide whether a company have a good performance or not. This research aimed to analyze the effect of firm size, firm age, current ratio, debt to equity ratio and fixed asset to total asset ratio to financial performance of manufacturing company in Indonesia Stock Exchange. This research used quantitative approach by implementing multiple regression analysis. This research population is all manufacturing companies listed in Indonesia Stock Exchange in the period of 2007-2011. There are 58 companies in 5 years period that had been choosen from a sensus method to become the sample. The result shows that firm size, current ratio, debt to equity ratio, and fixed asset to total asset ratio are affecting the financial performance of manufacturing company in Indonesia Stock Exchange. While firm age is not affecting the financial performance of manufacturing company in Indonesia Stock Exchange. The result of this research can become a consideration for company managers in making a decision to improve the financial performance of a company and make a lead to create an effective way of financial system. This research can be used for a reference to another researcher that also like to make an advanced study of factors that affecting financial performance of a company.
Pengaruh Variabel Fundamental Terhadap Struktur Modal Dan Dampaknya Terhadap Nilai Perusahaan Utomo, Prastyo; Djumahir, .
Jurnal Aplikasi Manajemen Vol. 11 No. 3 (2013)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/

Abstract

This study aims to examine the influence of fundamental variables that measured by profitability, firm size, growth opportunities, assets structure, non-debt tax shield and earnings volatility on the capital structure and analyze the effect of capital structure on firm value. Data analysis was performed on textile and garment companies listed in Indonesia Stock Exchange during the period 2005-2012. Results of data analysis using a two-stage regression analysis showed that profitability, asset structure and earnings volatility has significant effect to capital structure, while no significant effect was found between firm size, growth opportunities and non-debt tax shield against the company's capital structure. Results of this study also found that capital structure didn’t have significant effect to firm value.
Co-Authors . Andarwati Atim Djazuli Echan Adam Erlin Yulia Rahma Nur Khusniyah Indrawati Prastyo Utomo Tetty Widiyastuti Yunita Castelia Arisadi