Ex-Dividend Date Dan Perubahan Harga Saham

Taungke, Novriyanthi; Supramono, S

doi:10.26905/jkdp.v19i3.36

Cited by 5 publications

(5 citation statements)

References 4 publications

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“…Empirical relationships that have been carried out in Europe confirmed that the dividend payments have a positive and significant effect. This was found in research (Skinner & Soltes, 2009;Isakov & Weisskopf, 2015;Crane et al, 2016) Whereas for empirical studies in Indonesia, it has been carried out previous research (Taungke & Supramono, 2015;Gusni, 2017) which also confirmed the same results. Therefore, the third empirical proposition based on the TOT theory is: H3: Dividend is positively related to firm value.…”

Section: The Effect Of Dividend On Firm Valuesupporting

confidence: 79%

The Effect of Innovational Performance on Determining Firm Value: Evidence from Indonesia

Handriani

2020

JDM

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This study explores the most significant determinant of capital structure towards the value of manufacturing companies in Indonesia. Multiple regression models were used as statistical tools to investigate the most significant determinants of the firm value of manufacturing companies in Indonesia for a sample of 300 manufacturing firms listed on the Indonesia Stock Exchange. The results showed that profitability, company size, dividend, investment, and innovational performance were positively related to firm value. Debt was negatively related to firm value and dividend was an insignificant firm value determinant. Meanwhile, the influence of innovational performance variables mediating the effect of investment on firm value showed that the role of mediation innovational performance was able to increase the influence of total investment on firm value. Furthermore, empirical findings will help company managers to make decisions about the attempts to increase the firm value.

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Section: The Effect Of Dividend On Firm Valuesupporting

confidence: 79%

The Effect of Innovational Performance on Determining Firm Value: Evidence from Indonesia

Handriani

2020

JDM

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“…According to Brigham & Houston (2006), the return is the difference between the amount received and invested by the amount invested. From the above description can be concluded that the return is the level of stock acquisition obtained by investors when investing or buying and selling shares (Taliawo & Atahau, 2007;Taungke & Supramono, 2015).…”

Section: Hypotheses Developmentmentioning

confidence: 99%

The effect of commodity price changes and USD/IDR exchange rate on Indonesian mining companies’ stock return

Putra

Robiyanto

2019

Jurnal Keuangan Dan Perbankan

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There are many variables which will be influencing stock return. Some of those variables are come from the commodity market, such as gold, price and crude oil price changes, and also come from the exchange rate market. This study is about to test the effect of changes prices of gold, silver, crude oil, and exchange rate to the stock return of mining sector companies in Indonesia. There are 48 companies engaged in the mining sector listed on the Indonesia Stock Exchange (IDX). From 48 companies this study uses the purposive sampling method to choose a sample within the criteria, and 13 selected companies will be the object of this study. This study also used an analysis tool GARCH (1,1) to avoid abnormal data. Before advancing to GARCH (1,1) analysis, the data must be tested the stationary first by using Augmented Dickey-Fuller Test (ADF) to make sure the data stationary or not by using level, 1st difference, and two difference. The result shows that gold has a significant positive effect on stock return mining sector companies such as INCO, KKGI, PTBA, and TINS. Silver has a significant positive effect on HRUM companies and negatively on RUIS. Crude oil has a significant positive effect on HRUM and PTBA firms. Exchange rates have a significant negative impact on companies. ANTM, CTTH, DOID, ELSA, HRUM, ITMG, and KKGI. Abstrak Ada banyak variabel yang akan memengaruhi return saham. Beberapa variabel tersebut berasal dari pasar komoditas, seperti emas, perubahan harga dan harga minyak mentah, dan juga berasal dari pasar nilai tukar. Penelitian ini akan menguji pengaruh perubahan harga emas, perak, minyak mentah, dan nilai tukar terhadap return saham perusahaan sektor pertambangan di Indonesia. Ada 48 perusahaan yang bergerak di sektor pertambangan yang terdaftar di Bursa Efek Indonesia (BEI). Dari 48 perusahaan penelitian ini menggunakan metode purposive sampling untuk memilih sampel dalam kriteria, dan ada 13 perusahaan yang dipilih yang akan menjadi objek penelitian ini. Penelitian ini juga menggunakan alat analisis GARCH (1.1) untuk menghindari data abnormal. Sebelum maju ke analisis GARCH (1.1), data harus diuji stasioner terlebih dahulu dengan menggunakan Augmented Dickey-Fuller Test (ADF) untuk memastikan data stasioner atau tidak dengan menggunakan level, perbedaan 1, dan dua perbedaan. Hasil penelitian menunjukkan bahwa emas memiliki pengaruh positif signifikan terhadap return saham perusahaan sektor pertambangan seperti INCO, KKGI, PTBA, dan TINS. Perak memiliki efek positif signifikan pada perusahaan HRUM dan negatif pada RUIS. Minyak mentah memiliki efek positif yang signifikan pada perusahaan HRUM dan PTBA. Nilai tukar memiliki dampak negatif yang signifikan terhadap perusahaan. ANTM,

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“…This study was conducted on manufacturing companies listed on the Indonesia Stock Exchange (IDX), which is included in the emerging markets group with a weak protection against the rights of investors. Developing countries such as Indonesia where corporate governance structures and mechanisms are still very weak, dividend payouts are desired by shareholders (Taungke & Supramono, 2015). The bigger firm value will make better dividend policy.…”

Section: Dividend Policy and Firm Valuementioning

confidence: 99%

Corporate Finance and Firm Value in The Indonesian Manufacturing Companies

Handriani

Robiyanto

2018

IRJBS

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This study examines the impact of dividend policy, investment decision, and funding policy on firm value in the Indonesian manufacturing companies. This study was conducted by using 178 manufacturing companies listed in the Indonesia Stock Exchange (IDX) during the period 2009 -2016. Samples were taken by using a purposive sampling method. This study aims to examine the firm value's main determinants of the manufacturing companies in Indonesia based on basic theory of capital structure through building theoretical model. Partial Least Square through path analysis was used to analyze the data. The findings shows that dividend policy, investment decision, and funding policy have a positive impact on the Indonesian manufacturing companies' firm value. This study supports the theory of pecking order and agency theory. Penelitian ini mengkaji dampak kebijakan dividen, keputusan investasi, dan kebijakan pendanaan terhadap nilai perusahaan manufaktur di Indonesia. Penelitian ini dilakukan dengan menggunakan 178 perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI)selama periode 2009 -2016 sebagai sampel. Metode pengambilan sampel yang dipergunakan adalah purposive sampling. Penelitian ini bertujuan untuk menguji determinan utama perusahaan dari perusahaan manufaktur di Indonesia berdasarkan teori dasar struktur modal melalui model teoritis bangunan. Partial Least Square dengan analisis jalur digunakan untuk menganalisa data. Temuan ini menunjukkan kebijakan dividen, keputusan investasi, dan kebijakan pendanaan berdampak positif terhadap nilai perusahaan manufaktur Indonesia. Hasil penelitian ini mendukung teori pecking order dan agency theory.

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Ex-Dividend Date Dan Perubahan Harga Saham

Cited by 5 publications

References 4 publications

The Effect of Innovational Performance on Determining Firm Value: Evidence from Indonesia

The Effect of Innovational Performance on Determining Firm Value: Evidence from Indonesia

The effect of commodity price changes and USD/IDR exchange rate on Indonesian mining companies’ stock return

Corporate Finance and Firm Value in The Indonesian Manufacturing Companies

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