Importance of financial ratios for predicting stock price trends: evidence from the Visegrad Group

Pražák, Tomáš; Stavárek, Daniel

doi:10.1504/ijtgm.2018.097275

Cited by 5 publications

(3 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Rasio keuangan sangat bermanfaat untuk menilai kekuatan dan kelemahan perusahaan (Rosikah dkk, 2018), dan menjadi acuan penting bagi investor dalam menilai saham (Nasarudin dkk, 2019). Selain itu, rasio keuangan juga memiliki dampak yang besar terhadap harga saham di Bursa Efek Eropa Tengah (Pražák & Stavárek, 2018). Pertumbuhan laba merupakan suatu indikator atau metrik yang dimanfaatkan untuk mengevaluasi performa perusahaan dari suatu periode ke periode lainnya (Marbun & Sihotang, 2021).…”

Section: Pendahuluanunclassified

Pengaruh Rasio Keuangan, Pertumbuhan Laba Terhadap Harga Saham LQ-45 Indonesia

Anugraha

2024

Owner

View full text Add to dashboard Cite

This research aims to find empirical evidence of the influence of several financial ratios, namely Current Ratio, Return on Assets, Earnings Per Share, Debt to Equity Ratio, and Total Assets Turnover, as well as profit growth on the stock prices of companies listed in the LQ-45 index on the Indonesia Stock Exchange (IDX) during the 2018-2022 period. The method used is quantitative causality with data analysis using multiple linear regression with the Stata application. The research sample was obtained from the OSIRIS database and selected using a purposive sampling method with the following criteria: (1) companies that are consistently listed in the LQ-45 index on the Indonesia Stock Exchange for the 2018-2022 period; (2) companies that issue financial reports in the 2018-2022 time period, which contain all the information required in the research variables; (3) and companies that publish stock prices at the close of 2018-2022. This process resulted in 23 companies, and the final sample of observations obtained was 115 data points. The research results show that simultaneously, financial ratio variables and profit growth significantly influence stock prices. This means that the combination of these variables has a strong impact on company share price movements in the LQ-45 index. However, when analyzed partially, only the Earning Per Share (EPS) variable has a significant influence on stock prices. This shows that EPS has a more dominant role than other variables in influencing company stock prices in the LQ-45 index.

show abstract

Section: Pendahuluanunclassified

Pengaruh Rasio Keuangan, Pertumbuhan Laba Terhadap Harga Saham LQ-45 Indonesia

Anugraha

2024

Owner

View full text Add to dashboard Cite

show abstract

“…Sementara untuk variabel lain seperti ROA dan ROE dinyatakan berpengaruh positif namun tidak signifikan, Debt to Asset tidak berpengaruh terhadap harga saham. Selanjutnya penelitian oleh [24] menggunakan Perusahaan keuangan yang terdaftar di Bursa Efek Praha dan Warsaw Stock Exchange Periode 200-2015, dengan Generalized Method of Moments, selanjutnya Hasil penelitian ini ialah adanya pengaruh negatif signifikan terhadap Rasio Likuiditas atas harga saham pada negara-negara yang diuji, sementara untuk ratio leverage memiliki pengaruh positif dan signifikan terhadap harga saham, sementara untuk variabel debt to equity ratio, ROE dan ROI hasilnya tidak jelas.…”

Section: Review Determinan Harga Saham Perusahaan Sektor Teknologi Di...unclassified

Review Analisis Determinan Harga Saham Perusahaan Sektor Teknologi

Rahardika,

Rida Anisa Permata,

Rizkilianti Hardian Anggianni

et al. 2022

jimak

View full text Add to dashboard Cite

This study aims to analyze the determinants of stock prices of technology companies in developed countries, developing countries and Indonesia. The method used in this research is descriptive qualitative with a literature review model based on 21 scientific articles regarding stock determination of technology companies. From this study it can be concluded that technology companies in developed countries, developing countries and Indonesia have some differences in stock price determination in their scope. This is due to differences in market conditions of each country. Keywords : Stock Price, Technology Enterprises, Developed Country, Emerging Country. Penelitian ini bertujuan untuk menganalisis determinan harga saham perusahaan teknologi di negara maju, negara berkembang dan negara Indonesia. Metode yang digunakan dalam penelitian adalah kualitatif deskriptif dengan model literatur review berdasarkan 21 artikel ilmiah mengenai determinasi saham perusahaan teknologi. Dari penelitian ini dapat disimpulkan bahwa perusahaan teknologi di negara maju, negara berkembang dan Indonesia memiliki beberapa perbedaan determinasi harga saham dalam cakupannya. Hal ini diakibatkan adanya perbedaan kondisi pasar masing-masing negara. Kata Kunci : Harga Saham, Perusahaan Teknologi, Negara Maju, Negara Berkembang.

show abstract

“…This finding is a breakthrough because the basis of the company dividing dividends was not of fundamental value but driven by investors' desire that did not have complete information about the company. On the other hand, the conventional financial theory uses the fundamental base or intrinsic value (Bhattacharya, 1979;Rock, 1985: Fama andFrench, 2001;Nissim and Ziv, 2001;Grullon et al, 2002;Bae and Elhusseiny, 2017;Pražák and Stavárek, 2018). Li and Lie (2006) and Tangjitprom (2013) criticise Baker and Wurgler (2004b) model for an inability to explain why companies change dividends and fail to support hypotheses in the period of the announcement of initiation.…”

Section: Introductionmentioning

confidence: 99%

Are investors' desires for dividend increases stronger than dividend initiation

Wijaya¹,

Narsa²,

Irwanto³

et al. 2021

IJTGM

View full text Add to dashboard Cite

This study aims to explore whether information asymmetry premium (IAP) as the foundation of the investors' desire in the dividend increases decision is stronger than the dividend initiation decision. This study finds that IAP can significantly complement the dividend increases decisions and substitute dividend premium for dividend initiation. The results of the study support Li and Lie (2006) and Chazi et al. (2018), who fleshed out Baker and Wurgler (2004b). The findings of this study show that the investor's desire towards dividend increases reflects investor sentiment on dividends, explained through the level of information asymmetry between dividend payers and non-payers. Further analysis shows that irrational investor behaviour in expecting dividend increases to be paid continuously is significant compared to dividend initiation. This research contributes to behavioural finance research in bonding dividend catering incentives and dividend signaling theory.

show abstract

Importance of financial ratios for predicting stock price trends: evidence from the Visegrad Group

Cited by 5 publications

References 0 publications

Pengaruh Rasio Keuangan, Pertumbuhan Laba Terhadap Harga Saham LQ-45 Indonesia

Pengaruh Rasio Keuangan, Pertumbuhan Laba Terhadap Harga Saham LQ-45 Indonesia

Review Analisis Determinan Harga Saham Perusahaan Sektor Teknologi

Are investors' desires for dividend increases stronger than dividend initiation

Contact Info

Product

Resources

About