Arthavidya Jurnal Ilmiah Ekonomi
Vol 21, No 1 (2019)

Determinan Share Repurchase Pada Perusahaan Non Keuangan Yang Terdaftar Di Bursa Efek Indonesia

Lailiyah, Elliv Hidayatul (Unknown)
Soeharto, Sri Maemunah (Unknown)



Article Info

Publish Date
10 Apr 2019

Abstract

This study examined the determinants of share repurchase. The sample determined by purposive sampling method with certain criteria, non-financial companies listed on the Indonesia Stock Exchange in 2009-2017 and conducted share repurchase between 2010 and 2017 periode. Multiple linear regression used for data analysis. This study found that free cash flow had a positive impact on share repurchase. Dividend had a positive impact and share repurchase was a complement of dividend. Misprice had a positive impact because in Indonesia, share repurchase  also carried out by companies with overvalued shares. Companies with leverage below the target tend to share repurchase. Size had a positive impact and managerial ownership had no impact on share repurchase. Key word: determinant; share repurchase

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Journal Info

Abbrev

arthavidya

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Arthavidya diterbitkan oleh Fakultas Ekonomi dan Bisnis Universitas Wisnuwardhana Malang yang memuat kajian ilmiah dibidang manajemen dan keuangan. Redaksi menerima artikel yang inovatif serta menantang untuk memicu lahirnya inovasi konsep dan praktik dibidang manajemen dan keuangan. Jurnal ...