International Journal of Public Budgeting, Accounting and Finance (IJPBAF)
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THE EFFECT OF LIQUIDITY, LEVERAGE RATIO, ACTIVITIES AND PROFITABILITY ON STOCK PRICES WITH DIVIDEND POLICY AS INTERVENING VARIABLES IN MANUFACTURING COMPANIES IN INDONESIA AND MALAYSIA 2015-2017
Full text linkThis study aims to examine and analyse the effect of liquidity, leverage, activity, and profitability on stock prices with dividend policy As an intervening variable in Manufacturing Companies in Indonesia and Malaysia. The population of this study is all manufacturing companies listed on the Indonesia Stock Exchange (IDX) and the Malaysia Stock Exchange in the period 2015-2017, a total of 388 companies. A sample of 95 companies. Data analysis using the path analysis method. The results of the study partially show that in manufacturing companies in Indonesia, the Liquidity and Profitability variables have a significant effect on Stock Prices. While in Malaysia Stock Prices affect the activity ratio and dividend policy. Dividend Policy Variables are not able to mediate the influence of Liquidity, Leverage, Activity, and Profitability on companies in Indonesia while dividend policy is able to mediate the influence of leverage and profitability on stock prices in Malaysia
FACTORS AFFECTING COMPANY VALUE WITH COMPANY SIZE AS A MODERATING VARIABLE IN MANUFACTURING COMPANIES CONSUMER GOODS INDUSTRY SECTOR IN INDONESIA STOCK EXCHANGE
No full textThe purpose of this researchwas to examine the effect of the investment decision, fundingdecision, dividend policy, profitability and liquidity of the company's value withcompany sizeas a moderating variable. The population in this researchare manufacturing company consumer goods industry sector listed in Indonesia Stock Exchange Period from 2013 to 2017. Method of election sample usingsaturated sample or census. The sample used by 33 companies. The method used in this research is the method of panel data regression with significance level of 5% using a model common effect model (CEM). Hypothesis testing usedt-test, f-test, and residual test. The results of this research is simultantly shows that investment decision, funding decision, dividend policy, profitability and liquidity take effect to company value. And partially variables investment decision, funding decision, dividend policy, and profitability has a positive effect and significant to company value. However, variable liquidity didn’t effect to company value. The test result of second hypothesis shows that company size can’t moderate the correlation between investment decision, funding decision, dividend policy, profitability, and liquidity to company value
THE EFFECT OF FINANCIAL PERFORMANCE ON CORPORATE VALUE WITH DIVIDEND POLICY AS MODERATING VARIABLES IN MANUFACTURING COMPANIES IN INDONESIA STOCK EXCHANGE
Full text linkThis study aims to determine and analyse the Effect of Financial Performance on Firm Value with Dividend Policy as a Moderating Variable in Manufacturing Companies on the Indonesia Stock Exchange. The type of this research is causal associative. The population of this research is manufacturing companies listed on the Indonesia Stock Exchange from 2008 to 2017. The sample selection is done by purposive sampling technique, so the number of samples used is 200 sample data. The data analysis method uses path diagram and Goodness of Fit The results of the study show that profitability, liquidity, leverage and activity ratios have a positive and significant effect on firm value while manufacturing companies listed on the Indonesia stock exchange. Dividend policy is not able to moderate the relationship between profitability, liquidity, leverage and the ratio of activity to firm value at the company manufacturers listed on the Indonesia stock exchange
ANALYSIS OF FACTORS AFFECTING THE FRAUD FINANCIAL STATEMENT IN TRIANGLE FRAUD PERSPECTIVE: EMPIRICAL STUDY IN MANUFACTURING COMPANIES LISTED IN INDONESIA STOCK EXCHANGE (IDX) IN 2013 – 2017
Full text linkThis study aims to analyse the effect of financial stability, external pressure, financial targets, ineffective monitoring, change in auditors, and rationalization both simultaneously and partially on financial statement fraud on manufacturing companies listed on the Indonesia Stock Exchange in 2013-2017. The research population was manufacturing companies listed on the Indonesia Stock Exchange in 2013 - 2017 as many as 98 companies. Data analysis method in this study uses Eviews program. The results of this study are that Financial Stability has a positive and significant effect on financial statement fraud. External Pressure has a positive and significant effect on financial statement fraud. Financial Target has a negative and significant effect on financial statement fraud. Ineffective Monitoring has a negative and significant effect on financial statement fraud. Change In Auditor has a negative and insignificant effect on financial statement fraud. Rationalization has a positive and significant effect on financial statement fraud. Financial Stability, External Pressure, Financial Targets, Effective Monitoring, Change In Auditors, and Rationalisation simultaneously have a significant effect on financial statement fraud variables
ANALYSIS OF RETURNS OF FACTORS TO SHARE RETURNS WITH DIVIDEND POLICY AS A VARIABLE OF MODERATION OF COMPANY CONSUMER GOODS REGISTERED IN INDONESIA STOCK EXCHANGE
Full text linkThis study was conducted to test and analyze fundamental factors on stock returns with dividend policy as a moderating variable in consumer goods companies listed on the Indonesia Stock Exchange (IDX) for the period 2011-2015. The type of research used by researchers is causal research. The population in this study amounted to 36 companies listed on the Indonesia Stock Exchange in the period 2011-2015 with a total sample of 26 companies, Data analysis techniques used in data processing using multiple linear regression analysis techniques and residual tests with the least squares equation and hypothesis testing using F-statistics to test the effect simultaneously and t statistics to test the partial regression coefficient with a significant regression level of 5%. The results showed that Fundamental Factors (Current Ratio, Debt to Equity Ratio, Return On Assets, Earning Per Share and firm size) simultaneously had an effect on stock returns. Partially Fundamental Factors (Return On Assets) have a significant effect on stock returns, while Fundamental Factors (Current Ratio, Debt to Equity Ratio, Earning Per Share and Firm Size) do not significantly influence stock returns. Dividend policy is able to moderate the relationship of Fundamental Factors (Current Ratio, Debt to Equity Ratio, Return On Assets, Earning Per Share and Firm Size) to the stock returns of consumer goods companies
THE INFLUENCE OF INTELLECTUAL CAPITAL ON FIRM VALUE AND FINANCIAL PERFORMANCE ASMODERATING VARIABLE IN MANUFACTURE COMPANIESLISTEDIN THE INDONESIA STOCK EXCHANGE IN THE PERIOD OF 2012-2017
Full text linkThe objective of this research was to examine and to analyze the influence of intellectual capital componentson firm value and to analyze financial performance capacity in moderating the correlation of intellectual capital with firm value of consumption sector in manufacturing companieslisted in the Indonesia Stock Exchange.The research used observational method in manufacture companies listed in the Indonesia Stock Exchange. The samples were taken by using purposive sampling technique. The hypothesis was tested by using multiple linear regressionanalysis with application tools.The result of this research showedthat, simultaneously, there was the influence of the variables of VACA, VAHU and STVA on firm value. Partially, the variables of the VACA and STVA had the influence on firm value, while the variable of VAHU did not. It was also found that financial performance could not moderate the correlation of the variables of VACA and STVA with firm value while financial performance coul
THE EFFECT OF QUICK RATIO, DEBT TO EQUITY RATIO, EARNING PER SHARE, PRICE TO BOOK VALUE AND RETURN ON EQUITY ON STOCK RETURN WITH MONEY SUPPLY AS MODERATED VARIABLES (Study of Banking Companies Listed on Indonesia Stock Exchange Period 2008 - 2017)
Full text linkThe purpose of this study is to empirically analyse the Effect of Quick Ratio (QR), Debt To Equity Ratio (DER), Earning Per Share (EPS), Price To Book Value (PBV) and Return On Equity (ROE) on Stock Returns with Money Supply (MS) as a Moderation variable. The period of this study was from 2008 to 2017 and the sample population of the company were 23 banking companies listed on the Indonesia Stock Exchange. Data were analysed using multiple linear regression methods. And to test the moderating variables using the Residual test. The results found that QR, DER, EPS, PBV, and ROE significantly affect stock returns simultaneously, but partially only EPS and PBV variables have a positive and significant effect on stock returns. QR, DER has a negative and not significant effect on stock returns while ROE has no effect on stock returns. MS cannot moderate the relationship between QR, DER, EPS, PBV and ROE with stock returns on banking companies listed on the Indonesia Stock Exchange
ANALYSIS OF THE EFFECT OF INVESTMENT OPPORTUNITY SET AND PROFITABILITY ON FIRM VALUES WITH DIVIDEND POLICY AS INTERVENING VARIABLES IN MAIN SECTOR COMPANIES LISTED IN INDONESIA STOCK EXCHANGE IN 2015-2017
Full text linkThis study aims to analyse the set of investment and profitability opportunities that affect the value of the company with dividend policy as an intervening variable in the main sector companies listed in the Indonesian Stock Exchange in the 2015-2017 period. The population in this study amounted to 98 companies using the purposive sampling method obtained as many as 44 data. Data testing methods used are analysis of multiple linear regression and path analysis. The results of the first hypothesis study indicate that partially, the investment opportunity and profitability variable does not affect the dividend policy. In partial, the investment opportunity set variable does not have a significant effect on firm value, while the profitability variable has a significant positive effect on firm value. The investment policy variable is unable to act as an intervening variable between sets of investment opportunities on firm value. Dividend policy is also not able to play an intervening variable between profitability variables on firm value in the main sector companies listed on the Indonesia Stock Exchange in the period of 2015-2017
THE EFFECT OF FINANCIAL DISTRESS, LITIGATION RISK, AND GROWTH OPPORTUNITIES ON ACCOUNTING CONSERVATISM WITH LEVERAGE AS MODERING IN MANUFACTURING COMPANIES LISTED IN INDONESIA STOCK EXCHANGE
Full text linkThis study aims to examine and analyse the effect of financial distress, litigation risk, and growth opportunities on accounting conservatism with leverage as a moderating variable. The population in this study were 147 manufacturing companies listed on the Indonesia Stock Exchange in the 2015-2017 period, with a purposive sampling technique so that 102 samples were obtained. The data analysis method uses multiple linear regression analysis and interaction testing with the help of the Eviews application program. The results showed that financial distress and litigation risk partially had a positive and significant effect on accounting conservatism, while growth opportunities partially had no effect on accounting conservatism. Simultaneously financial distress, litigation risk, and growth opportunities affect accounting conservatism. Leverage as a moderating variable weakens the relationship of variables, but is not significant in partially moderating the effect of financial distress, litigation risk, and growth opportunities on accounting conservatism in Manufacturing companies listed on the Indonesia Stock Exchange in the period 2015-2017
ANALYSIS OF FACTORS AFFECTING FIRM VALUE WITH PROFITABILITY AS INTERVENING VARIABLES IN MANUFACTURING COMPANIES LISTED IN INDONESIA STOCK EXCHANGE IN 2015-2017
Full text linkThis study aims to determine the effect of Institutional Ownership, Proportion of the Independent Board of Commissioners, Audit Committee, Firm Size, and Leverage on Firm Value with Profitability as an intervening variable in manufacturing companies listed on the Indonesia Stock Exchange for the period 2015-2017. The population in this study amounted to 189 companies. The sampling method uses purposive sampling and the number of samples obtained is 63 companies. This type of research is quantitative descriptive by testing classical assumptions and path analysis using two regression equations to measure direct and indirect effects.
The results of testing the data show that simultaneously all the independent variables have a significant effect on profitability. Partially the proportion of the Independent Board of Commissioners, and Leverage has a significant effect on Profitability. Whereas Institutional Ownership, Audit Committee, and Firm Size variables have no significant effect on profitability. The second equation shows that simultaneously all the independent variables have a significant effect on firm value. Partially, the proportion of the Independent Board of Commissioners, Firm Size, Leverage, and Profitability have a significant effect on Firm Value, while Institutional Ownership and Audit Committee variables have no significant effect on Firm Values. The results of this study indicate that Profitability is able to intervene Institutional Ownership variables, the Independent Board of Commissioners Proportion, Audit Committee, and Firm Size to Firm Value while Profitability is not able to intervene between Leverage variables and Firm Value