Azimah Hanifah
Universitas Muhammadiyah Jakarta, Jakarta, Indonesia

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The Influence of Debt Equity Ratio (DER), Earning Per Share (EPS), Net Profit Margin (NPM) and Return on Equity (ROE) on Stock Returns (Study of the Cigarette Industry that Goes Public on the Indonesian Stock Exchange for the 2011-2021 Period) Azimah Hanifah
Journal of Accounting and Finance Management Vol. 4 No. 4 (2023): Journal of Accounting and Finance Management (September-October 2023)
Publisher : DINASTI RESEARCH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/jafm.v4i4.265

Abstract

The capital market is one alternative used by companies to obtain funds. The presence of the capital market increases the choice of sources of funds for investors and increases investment choices, which can also be interpreted as opportunities to obtain returns. Investment is a commitment to a certain amount of funds or other data sources made at this time with the aim of obtaining a number of profits in the future. This research aims to find the influence of Debt Equity Ratio, Earning Per Share, Net Profit Margin, Return on Equity, Stock Return in the Cigarette Industry that Goes Public on the Indonesian Stock Exchange for the 2011-2021 Period. This research uses an expanatory approach. The object of this research is the cigarette industry listed on the Indonesian stock exchange starting from 2011-2021 on 3 companies which was analyzed using path analysis. From the test results it can be seen that the Debt Equity Ratio (DER), Earning Per Share (EPS), Net Profit Margin (NPM) and Return on Equity (ROE) on Stock Returns is positive and significant. However, if viewed partially, Return on Equity (ROE) has a more dominant influence on Stock Returns. This can be understood because each indicator of Debt Equity Ratio (DER), Earning Per Share (EPS), Net Profit Margin (NPM) and Return on Equity (ROE) is used as an aspect of measuring Stock Returns.
Pengaruh Operating Cash Flow, Sales Growth, dan Net Working Capital Terhadap Return On Asset Pada Perusahaan Barang Konsumsi di BEI Periode 2020-2024 Anisa Nur Jannah; Azimah Hanifah
Jurnal Manajemen, Akuntansi, Ekonomi Vol. 4 No. 3 (2026): Jurnal Manajemen, Akuntansi, Ekonomi
Publisher : CV. Era Digital Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59066/jmae.v4i3.2121

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh Operating Cash Flow, Sales Growth, dan Net Working Capital terhadap Return On Asset pada perusahaan sektor barang konsumsi primer yang terdaftar di Bursa Efek Indonesia periode 2020-2024. Sektor barang konsumsi primer dipilih karena sifatnya yang defensif dan perannya sebagai tulang punggung ekonomi nasional, meskipun menghadapi fluktuasi pasar pasca pandemi.Metode peneitian yang digunakan adalah kuantitatif dengan Teknik analisis regresi linier berganda data panel menggunakan aplikasi Eviews 13. Teknik sampel dilakukan dengan metode purposive sampling, yang menghasilkan 20 perusahaan sebagai sampel penelitian. Model estimasi terbaik yang terpilih berdasarkan uji Chow, uji Hausman, dan uji Lagrange Multiplier adalah Random Effect Model.Hasil penelitian menunjukkan bahwa secara parsial, Operating Cash Flow menunjukkan arah pengaruh positif terhadap profitabilitas perusahaan. Sementara itu, Sales Growth dan Net Working Capital memberikan pengaruh positif yang signifikan terhadap Return On Asset. Secara simultan, ketiga variabel independen yaitu Operating Cash Flow, Sales Growth, dan Net Working Capital berpengaruh signifikan terhadap Return On Asset. Nilai koefisien determinasi (R-Squared) menunjukkan bahwa variasi profitabilitas dapat dijelaskan oleh variabel variabel tersebut sebesar 25,17%, sedangkan sisanya dijelaskan oleh faktor lain di luar model penelitian