Efficiency of Using Asset and Financial Performance: The Case of Indonesia Manufakcturing Companies

Miswanto, Miswanto; Oematan, Diczon Stevanus

doi:10.22441/mix.2020.v10i2.003

Cited by 3 publications

(3 citation statements)

References 5 publications

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“…There are two perspectives for understanding the structure of ownership and control within a company: the agency approach and the information asymmetry approach (Shashua, 2013). The agency approach views the ownership structure as a mechanism to address conflicts of interest among the primary owners of the company whereas the information asymmetry approach sees the ownership structure as a means to mitigate the imbalance of information between insiders and outsiders by disclosing information in capital markets (Miswanto & Oematan, 2020;Suherman, 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

Determinants of Stock Return and Firm Value of Manufactures Listed at the Indonesian Stock Exchanges

Afriyani,

Yasin,

Rahman

2023

MIX

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Objectives: This study aimed to examine the impact of ownership structure, fundamental factors, and technical analysis on stock returns, as well as the impact of these factors on firm value.Methodology: This research is an explanatory descriptive research with a quantitative approach where the study encompasses a population of 148 manufacturing companies listed on the Indonesia Stock Exchange. From this population, a purposive sample of 50 companies is selected for in-depth analysis.Finding: The findings indicated that the ownership structure did not have a substantial impact on stock returns, despite showing a positive trend. Similarly, fundamental factors were found to have a positive influence on stock returns but the effect was not statistically significant. In contrast, the utilization of analytical techniques was associated with a significant and positive impact on stock returns. Additionally, the study revealed that ownership structure, fundamental factors, analytical techniques, and stock returns collectively had a noteworthy and positive effect on firm value. Finally, the investigation demonstrated that ownership structure, fundamental factors, and technical analysis played a significant role in determining firm value through their impact on stock returns.Conclusion: Overall, the company's value can be significantly enhanced through stock returns by considering ownership structure, fundamental factors, and technical analysis in a positive manner.

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Section: Literature Reviewmentioning

confidence: 99%

Determinants of Stock Return and Firm Value of Manufactures Listed at the Indonesian Stock Exchanges

Afriyani,

Yasin,

Rahman

2023

MIX

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“…Several automotive company stocks are listed on the Indonesia Stock Exchange, including blue-chip stocks actively traded on the exchange. The global recognition of car companies reopening manufacturing plants and increasing production volumes in Indonesia has led the Indonesian Government to consistently support the growth and development of the automotive industry in the country (Miswanto & Oematan, 2020).…”

Section: Introductionmentioning

confidence: 99%

The Effect of Inflation and Rupiah Exchange Rate on Stock Prices with Dividends as Moderators

Marjohan

2023

MIX

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Objectives: The choice to pay dividends is a strategic one for every business. It's the foundation on which stock market investments are made. Dividends paid out by a firm are more highly valued by shareholders than capital profits. Due to the inherent risk associated with investing, investors would rather receive compensation in the now than in the future. The company's future success may be seen in its consistent dividend payments. The goal of this research was to examine the moderating role of dividends in a market vulnerable to inflation and the rupiah exchange rate. The focus is on dividend-paying firms trading on the IDX between 2013 and 2021.Methodology: The associative quantitative approach used here relies on previously collected data. The purposive sampling method was used in the sampling process. This study used 153 samples over 9 time periods, following the criteria. Both single- and multi-linear regression are used in the study.Finding: The findings in the study are inflation and rupiah exchange rates on stock prices have a negative effect and simultaneously affect stock prices while dividends per share can moderate the connection between inflation and stock prices.Conclusion: Both inflation and the rupiah exchange rate have been shown to have a negative effect on stock prices. Inflation has been shown to have a negative influence on stock prices while the rupiah exchange rate also has this effect. According to the findings of this journal, a combined effect of inflation and the value of the rupiah against other currencies may be seen in stock market prices. Furthermore, it has been shown that this effect can occur. The MRA research also shows that dividends per share have a moderating influence on the connection between inflation and stock prices, as well as the correlation between the rupiah exchange rate and stock prices.

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“…Within this context, financial performance emerges as a pivotal determinant influencing stock prices (Miswanto & Oematan, 2020). The stock price, in essence, constitutes one of the primary factors governing an investor's deliberations when contemplating capital investment in a given enterprise (Yuniningsih & Taufiq, 2019).…”

Section: Introductionmentioning

confidence: 99%

Financial Performance, Debt-to-Equity Ratio, Return on Assets, and Total Asset Turnover on Earnings Per Share and Stock Price as Moderator

Satoto,

Marjohan,

Suyanto

2023

MIX

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Objectives: This paper sought to undertake a comprehensive analysis aimed at investigating the influence arising from the various financial metrics, namely the Current Ratio, Debt-to-Equity Ratio, Return On Assets, and Total Assets Turnover on Earnings Per Share (EPS), and Stock Prices as the moderating variable. Methodology: This research employs a quantitative descriptive methodology by collecting financial reports of Food and Beverage companies listed on the Indonesia Stock Exchange (BEI). The measurement model and hypothesis testing are Descriptive Statistics with a Panel Data Regression Model Selection.Finding: The study found that the Current Ratio had no significant direct effect on Earnings Per Share (EPS), while the Debt to Equity Ratio, Return on Assets, and Total Assets Turnover all had varying degrees of negative influence on EPS via Stock Price. The combined impact of these metrics was statistically significant, emphasizing the importance of considering multiple factors when assessing financial performance.Conclusion: The use of predictive models to forecast stock performance based on these factors can offer significant benefits to both investors and company management. Moreover, this research can aid in the development of better financial metrics, more effective risk management, smarter investment strategies, and an interdisciplinary approach to understanding the complex relationships between financial factors and stock prices. All of this will provide more robust tools for evaluating company performance and making better investment decisions in the world of investments.

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Efficiency of Using Asset and Financial Performance: The Case of Indonesia Manufakcturing Companies

Cited by 3 publications

References 5 publications

Determinants of Stock Return and Firm Value of Manufactures Listed at the Indonesian Stock Exchanges

Determinants of Stock Return and Firm Value of Manufactures Listed at the Indonesian Stock Exchanges

The Effect of Inflation and Rupiah Exchange Rate on Stock Prices with Dividends as Moderators

Financial Performance, Debt-to-Equity Ratio, Return on Assets, and Total Asset Turnover on Earnings Per Share and Stock Price as Moderator

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