Claim Missing Document
Check
Articles

Found 4 Documents
Search
Journal : Ekobisman : Jurnal Ekonomi Bisnis Manajemen

ANALISIS PENGARUH DEBT TO EQUITY RATIO, RETURN ON EQUITY, CURRENT RATIO, OPERATING PROFIT MARGIN DAN INFLASI TERHADAP HARGA SAHAM (Studi Pada Perusahaan Barang Konsumsi Yang Terdaftar di BEI ) Murdam; JMV, Mulyadi; Wiratno, Adi
EKOBISMAN : JURNAL EKONOMI BISNIS MANAJEMEN Vol 3 No 2 (2018): DESEMBER
Publisher : SEKOLAH PASCASARJANA PRESS

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study aims to analyze and examine the effect of Debt to Equity Ratio (DER), Return on Equity (ROE), Current Ratio (CR), Operating Profit Margin (NPM) and Inflation on stock prices. This research was taken because there are still differences in research between one research to another and there is a difference between the real state of research data with the existing theory. This research was conducted using secondary data. The sample used in this study is a consumer goods company listed on the Indonesia Stock Exchange for the 2012-2017 period. The sample technique used is purposive sampling. The analysis method used is multiple linear regression analysis. The results showed that Debt to Equity Ratio (DER) partially had a positive and insignificant effect on stock prices. Return on Equity (ROE) partially has a positive and insignificant effect on stock prices. Current Ratio (CR) partially has a negative and significant effect on stock prices. Operating Profit Margin (OPM) partially has a positive and significant effect on stock prices while inflation partially has a negative and insignificant effect on stock prices.
Implikasi Kesulitan Keuangan dan Variabel Makroekonomi terhadap Return Saham dengan Variabel Moderasi Arus Kas Operasi Ikhlasillah, Muhammad; Wiratno, Adi; Rachbini, Widarto
EKOBISMAN : JURNAL EKONOMI BISNIS MANAJEMEN Vol 3 No 2 (2018): DESEMBER
Publisher : SEKOLAH PASCASARJANA PRESS

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study aims to examine the implications of the financial distress, interest rate and exchange rate to stock returns on textile and garment companies in Indonesia, which listed on the Indonesia Stock Exchange for the period 2012-2015. The operating cash flow is used as a moderating variable to examine the correlation between financial distress and stock returns. There are 15 companies that are used as samples for the study were selected based on purposive sampling method. Meanwhile, fixed effect model of the data panel linear regression method selected for data analysis. The quantitative data was taken from ICMD and Capital Market Reference Center Indonesia Stock Exchange. By using significance level of 5%, study results showed financial distress as Altman Z-score influence positively but insignificant on stock returns and depreciation of exchange rate influence positively and significant on stock returns. Meanwhile, increasing interest rate impact on stock returns negatively but not significant. The study also summarize that operating cash flow cannot moderate the correlation between financial distress and stock returns and this variable classified as predictor moderator. The study results also showed financial distress, interest rates and exchange rates had significant impact on stock returns simultaneously.
ANALISIS PENGARUH DEBT TO EQUITY RATIO, RETURN ON EQUITY, CURRENT RATIO, OPERATING PROFIT MARGIN DAN INFLASI TERHADAP HARGA SAHAM (Studi Pada Perusahaan Barang Konsumsi Yang Terdaftar di BEI ) Murdam; JMV, Mulyadi; Wiratno, Adi
EKOBISMAN : JURNAL EKONOMI BISNIS MANAJEMEN Vol. 3 No. 2 (2018): DESEMBER
Publisher : SEKOLAH PASCASARJANA PRESS

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study aims to analyze and examine the effect of Debt to Equity Ratio (DER), Return on Equity (ROE), Current Ratio (CR), Operating Profit Margin (NPM) and Inflation on stock prices. This research was taken because there are still differences in research between one research to another and there is a difference between the real state of research data with the existing theory. This research was conducted using secondary data. The sample used in this study is a consumer goods company listed on the Indonesia Stock Exchange for the 2012-2017 period. The sample technique used is purposive sampling. The analysis method used is multiple linear regression analysis. The results showed that Debt to Equity Ratio (DER) partially had a positive and insignificant effect on stock prices. Return on Equity (ROE) partially has a positive and insignificant effect on stock prices. Current Ratio (CR) partially has a negative and significant effect on stock prices. Operating Profit Margin (OPM) partially has a positive and significant effect on stock prices while inflation partially has a negative and insignificant effect on stock prices.
Implikasi Kesulitan Keuangan dan Variabel Makroekonomi terhadap Return Saham dengan Variabel Moderasi Arus Kas Operasi Ikhlasillah, Muhammad; Wiratno, Adi; Rachbini, Widarto
EKOBISMAN : JURNAL EKONOMI BISNIS MANAJEMEN Vol. 3 No. 2 (2018): DESEMBER
Publisher : SEKOLAH PASCASARJANA PRESS

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study aims to examine the implications of the financial distress, interest rate and exchange rate to stock returns on textile and garment companies in Indonesia, which listed on the Indonesia Stock Exchange for the period 2012-2015. The operating cash flow is used as a moderating variable to examine the correlation between financial distress and stock returns. There are 15 companies that are used as samples for the study were selected based on purposive sampling method. Meanwhile, fixed effect model of the data panel linear regression method selected for data analysis. The quantitative data was taken from ICMD and Capital Market Reference Center Indonesia Stock Exchange. By using significance level of 5%, study results showed financial distress as Altman Z-score influence positively but insignificant on stock returns and depreciation of exchange rate influence positively and significant on stock returns. Meanwhile, increasing interest rate impact on stock returns negatively but not significant. The study also summarize that operating cash flow cannot moderate the correlation between financial distress and stock returns and this variable classified as predictor moderator. The study results also showed financial distress, interest rates and exchange rates had significant impact on stock returns simultaneously.
Co-Authors , Alen Setiawan -, Irianing Suparlinah ., Carmidah ., Carmidah Abdul Azis Adhelia Desi Prawestri Adhelia Desi Prawestri, Adhelia Desi Alamsyah, Richard Andrea Maraya Salsabila Aprilia, Dwiani Nursasi Ardiansah, Mochamad Ardien Arief, Imam Raditia Zabbar Ariyadi, Firal Arruum, Cintia Atiek Sri Purwati Bimo Aryo Alvi Syahrin Bosin Prabowo Bryan Akmal Cassiophea, Lola DARMANSYAH . Debora Dendy Yuli Setiawan desy wulandari Dinda Keumala Dr, Darmansyah Erna Ridawati, Erna Evani, Elsa Saphira Farhan Aryatama Farida Mukhlisah Fatih, Faiz Al Fitriana, Desi Amanatul Fitriyah, Rizky Gautama, Danar Ariangga Windra Grace Garatama M Hartako, Henra Hatmoko, Haryo Wahyu Hefiana, Fera Henra Hartako Hikmawati, Ningsih Huda, M. Alimul I Gede Yudi Arsawan I Wayan Laba Ignatius Pradipa Probondaru Ikhlasillah, Muhammad Indra Yudha Pratama Izzati Amperaningrum, Izzati Januar Mampe Maradona Panjaitan jeki JMV, Mulyadi Karelius, Karelius Karunia, Dian Kasih, Veilla Anggoro Khaerunnisa, Indar Khoiriah Khoiriah, Khoiriah Kurniasari, Wulan Kusuma Wiguna, Muhamad Wisnu Laeli Budiarti Lazuardi K, Prasetia Lola Cassiophea Mahardhika, Made Bellisky Mazya, Khairunnisa MIRANTHI, NAMIRA PUTRI Molide Rizal, Molide Muhammad Akrom Fahmi Muhammad Yusuf Murdam NAJMUDDIN, MOHAMMAD ILHAM Negina Kencono Putri Nunung Nurjanah Nurfaizah, Izah Nuristiyanti, Nia Nurmalitasari, Fahmi Nursasi Aprilia, Dwiani Oktaviana, Amelita Ovany, Riska Pandiangan, Pantur Pasaribu, Naomi Perkasa, Petrisly Permanasuri, Ni Putu Diah Agustin Permata Ulfah, Permata Purnawan, Eldy Indra Putu Deny Darmawan Qotrunnada, Sausan Syifa Qotrunnada, Sausan Syifa Rafly Tri Adi Ramadhani, Bella Mirtha Ramadhani, Wanda Putri Regina Zetia Revianti Coenraad, Revianti Rido Rido, Rido Rio Pradana, Priananda Sanditya Samuel Layang Sanupir Kalaeau Setiawati, Anda Sholihah, Siti Mar'atush Sitinjak, Tarita Aprilani Su'Daa, Saniyya Nabila Sugiarto S Supeno, Saras Supeno, Saras Suyanto Suyanto Tarjunajah, Tarjunajah Taufiqurrachman Nasihun Umi Pratiwi, Umi Victory, Haura Ayu Wahyu Ningsih Wiyogo Yusriyati Nur Farida Zaidan, Naufal Ali