Moch. Irsyad
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PENGARUH RASIO PROFITABILITAS, LEVERAGE, DAN RASIO PASAR TERHADAP RETURN SAHAM PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA Hanafi, 09.05.51.0043; Irsyad, Moch.
Students Journal of Economic and Management Vol 2, No 1 (2013): VOL. 2 NO. 1 EDISI PERTAMA 2013
Publisher : Students Journal of Economic and Management

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Abstract

Basically every investor that invests so expect to benefit from these investments in the future. The advantage is a compensation for the time and risk associated with the investment in doing. Purpose ofinvesting is to maximize investor return, without forgetting the risk factors they face. Before investing, prospective investors would require information relating to the implementation of the investment. Analysis offinancial ratios include profitability ratios, leverage and market ratios. Research on the relationship return on assets (ROA) and stock returns by Sunarto (2001) and Ulupui (2004) which states that the return on assets(ROA) significantly affect stock returns. And, research on the relationship return on equity (ROE) for stock returns by Sunarto (2001) showed that the ROE has a significant effect on stock returns. Meanwhile, researchby Iswadi (2010) showed that the ROE does not significantly affect stock returns. This study population is a manufacturing company whose shares are actively traded during 2008 to 2010. Sample selection techniques conducted by purposive sampling to obtain a sample size 81 issuers. Analysis of the data used to answer the research hypotheses used multiple regression analysis tool, having previously tested the normality of the data and the classical assumptions. In addition, this study also tested the fit of the model. Test equipment is conducted by the F test and the coefficient of determination. The results of this study indicate that the Return on Assets, Earning Per Share, Price Book Value has positive and significant impact on Stock Return; Debt Equity Ratio, Debt To Total Assets negative and significant impact on Stock Return, and Return On Equity had no significant effect Stock Return .Keywords: Return on Assets, Return on Equity, Debt Equity Ratio, Debt To Total Assets Earning Per Share, Price Book Value, and Return of Shares
PENGARUH STRUKTUR AKTIVA, PROFITABILITAS, PERTUMBUHAN PENJUALAN, LEVERAGE OPERASI DAN KEPEMILIKAN MANAJERIAL TERHADAP STUKTUR MODAL Naila Rahmah, 09.05.51.0039; Irsyad, Moch.
Students Journal of Economic and Management Vol 2, No 1 (2013): VOL. 2 NO. 1 EDISI PERTAMA 2013
Publisher : Students Journal of Economic and Management

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This study aimed to examine the influence of Asset Structure, Profitability, Sales Growth, Operating Leverage and Managerial Ownership on capital structure in companies that went public in Manufacturing IndonesiaStock Exchange. The population in this study is a manufacturing company on the Stock Exchange in 2008-2010 as many as 143 per year. The samples used in this research is a group of manufacturing companies with certain criteria. The number of samples obtained by the study criteria that have been determined are 153 companies. This data was obtained from the Indonesia Stock Exchange Corner Stikubank University. The analytical tool used in this study is multiple linear regression using the t test and the Test F. The results of this study: The F in this study showed all the independent variables (the structure of assets, ROA, sales growth, operating leverage and managerial ownership) jointly significant effect on the capital structure with a significance level of 0.000 < 0.05. While the t-test on each of the independent variables showed that variables that have a significant effect on the capital structure of Profitability, Growth and Managerial Ownership. And variables that do not have a significant effect on the capital structure of the Variable Structure Leverage Assets and Operations. The independent variable (Structure Assets, Profitability, Sales Growth, Operating Leverage and Managerial Ownership) can explain the capital structure of 15.60% while the sides are explained by other factors not observed.Key words: Structure of Assets, Profitability, Sales Growth, Operating Leverage and Managerial Ownership.
PENGARUH KEPUTUSAN INVESTASI, KEPUTUSAN PENDANAAN, DAN KEBIJAKAN DEVIDEN TERHADAP NILAI PERUSAHAAN Verra Ayu Dyan Anggraeni, 09.05.51.0053; Irsyad, Moch.
Students Journal of Economic and Management Vol 2, No 1 (2013): VOL. 2 NO. 1 EDISI PERTAMA 2013
Publisher : Students Journal of Economic and Management

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Abstract

The financial manager is obliged to make financial decisions that consists of investment decisions, financing decisions, and dividend policy. The right financial decisions to maximize the value of the company (corporate objectives). Optimization of corporate value is obtained, among others, by implementing financial management functions, in which a financial decision affects the others, which eventually affects the corporate value. This research aimed to analyze the effect of investment, funding decisions and dividend policy on the manufacture firm value listed in the Indonesia Stock Exchange. The variables observed in this study consisted of investment decision (X1), funding decisions (X2), dividend policy (X3) and the value of the company (Y). The population used as the object of study is a report of a manufacturing company that went public and listed on the Indonesia Stock Exchange in 2008-2010. The sampling technique used was purposive sampling method. The results of this research indicate that the investment decisions positively affects the firm value, financing decisions did not significantly affects the firm value. While the dividend policy positively affects the firm value.Key words: investment decisions, funding decisions, dividend policy, corporate value.