(Jurnal Ilmiah Manajemen Fakultas Ekonomi) Volume 2 No. 1 Tahun 2016 Edisi 2, Hal. 41-52 41 PENGARUH KINERJA KEUANGAN TERHADAP RETURN SAHAM PADA PERUSAHAAN SUB SEKTOR OTOMOTIF YANG TERDAFTAR DI BURSA EFEK INDONESIA

Mulya, Yudhia; Turisna, Ririn

doi:10.34203/jimfe.v2i1.727

Cited by 7 publications

(6 citation statements)

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“…This study's findings align with previous studies' results (Puspitadewi & Rahyuda, 2016) & (Sodikin & Wuldani, 2016 which found that PER proved a significant relationship to stock returns. However, contrary to the study's findings (Mulya & Turisna, 2018), PER does not affect stock investment returns.…”

Section: Effect Per On Stock Returnscontrasting

confidence: 99%

Profitability and Market on Stock Returns in Mining Companies on The Indonesia Sharia Stock Index for the 2016 - 2020 Periods

Sucipto

Siregar

Mariyani

2023

MIEC

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Returns on stocks are the benefits businesses, individuals, and organizations receive directly from their investment decisions. Every short or long-term investment has one primary goal: to generate a profit, also known as a return. This can happen in either a direct or indirect manner. This study aimed to test and collect empirical data on the impact of ROA, ROE, EPS, and PER on stock returns. Panel data regression was used, and the research data came from each mining firm's annual reports and financial statements included in the Indonesian sharia stock index from 2016 to 2020. So, according to the findings of this study, ROA, ROE, and PER have a significant beneficial impact. Quite large on stock returns because the company's management can manage ROA, ROE, and PER effectively to create high profits, encouraging investors to invest. Meanwhile, EPS does not significantly affect stock returns because companies with low earnings per share do not accurately reflect the profits that investors will get, thus making investors less interested in investing their capital. Simultaneously ROA, ROE, EPS, and PER affect stock returns.

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Section: Effect Per On Stock Returnscontrasting

confidence: 99%

Profitability and Market on Stock Returns in Mining Companies on The Indonesia Sharia Stock Index for the 2016 - 2020 Periods

Sucipto

Siregar

Mariyani

2023

MIEC

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“…Companies that increase their capital by reserving company profits rather than dividing profits into shareholders, investors respond negatively to the additional capital from the profit reserves. The results of this test support the study of Mulya and Turisna [23] and Aryanti and Andesta [24] which states that ROE has a negative and significant effect on stock returns.…”

Section: Discussionsupporting

confidence: 84%

The Influence of Profitability on Stock Return with Inflation as a Moderating Variable (Empirical Study on Automotive Companies and Components Listed in Indonesia Stock Exchange 2013–2017)

Sugito¹,

Noormansyah²,

Nursanita³

2020

Proceedings of the Annual International Conference on Accounting Research (AICAR 2019)

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This study aims to analyse the effect of profitability on stock returns with inflation as a moderating variable. The variables tested in this research are profitability proxy for Return on Assets (ROA), Return on Equity (ROE) and Net Profit Margin (NPM), inflation and stock returns. The sample of this research uses 12 automotive companies and automotive components that consistently published financial statements in the Indonesia Stock Exchange period 2013-2017. Samples were taken by purposive sampling method which is a method of samples based on certain criteria. These variables analysed using panel data regression. In this study, testing hypotheses used the t test, F test and regression used Moderated Regression Analysis (MRA). Panel data regression results showed Adjusted Rsquared of 0.153836, which means that the magnitude of the influence of the independent variable moderated by inflation on the dependent variable that can be explained by this equation model is 15.38%. While the remaining 84.62% is influenced by other factors not taken into account in this regression model. The conclusions of this research show that ROA has a significant positive effect on stock returns, ROE has a negative effect on stock returns, NPM has no effect on stock returns, ROA moderated by inflation has a negative effect on stock returns, ROE moderated by inflation has a significant positive effect on stock returns, and NPM moderated by inflation does not affect stock returns.

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“…Companies that increase their capital by reserving corporate profits rather than dividing profits into shareholders, investors respond negatively to the additional capital from the profit reserves. The results of this test support the results of [14] Mulya & Turisna (2016) and [1] Aryanti et al (2016) which states that ROE has a negative and significant effect on stock returns.…”

Section: Effect Of Roe On Stock Returnssupporting

confidence: 86%

The Influence Of Profitability On Stock Return With Inflation As A Moderating Variable

Sugito¹,

Noormansyah²,

Nasution³

2018

IJBAM

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Abstract—This study aims to analyze the effect of profitability on stock returns with inflation as a moderating variable. The variables tested in this research are profitability proxy for Return On Assets (ROA), Return On Equity (ROE) and Net Profit Margin (NPM), inflation and stock returns. The sample of this research uses 12 automotive companies and automotive components that consistently published financial statements in the Indonesia Stock Exchange period 2013-2017. Samples were taken by purposive sampling method which is a method of samples based on certain criteria. These variables analyzed using panel data regression. In this study, testing hypotheses used the t test, F test and regression used Moderated Regression Analysis (MRA). Panel data regression results showed Adjusted R-squared of 0.153836, which means that the magnitude of the influence of the independent variable moderated by inflation on the dependent variable that can be explained by this equation model is 15.38%. While the remaining 84.62% is influenced by other factors not taken into account in this regression model. The conclusions of this research show that ROA has a significant positive effect on stock returns, ROE has a negative effect on stock returns, NPM has no effect on stock returns, ROA moderated by inflation has a negative effect on stock returns, ROE moderated by inflation has a significant positive effect on stock returns, and NPM moderated by inflation does not affect stock returns

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(Jurnal Ilmiah Manajemen Fakultas Ekonomi) Volume 2 No. 1 Tahun 2016 Edisi 2, Hal. 41-52 41 PENGARUH KINERJA KEUANGAN TERHADAP RETURN SAHAM PADA PERUSAHAAN SUB SEKTOR OTOMOTIF YANG TERDAFTAR DI BURSA EFEK INDONESIA

Cited by 7 publications

References 0 publications

Profitability and Market on Stock Returns in Mining Companies on The Indonesia Sharia Stock Index for the 2016 - 2020 Periods

Profitability and Market on Stock Returns in Mining Companies on The Indonesia Sharia Stock Index for the 2016 - 2020 Periods

The Influence of Profitability on Stock Return with Inflation as a Moderating Variable (Empirical Study on Automotive Companies and Components Listed in Indonesia Stock Exchange 2013–2017)

The Influence Of Profitability On Stock Return With Inflation As A Moderating Variable

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