Pengaruh Ukuran Perusahaan, Profitabilitas dan Leverage Terhadap Harga Saham dengan Nilai Perusahaan sebagai Variabel Intervening

Pradanimas, Aqilla; Sucipto, Agus

doi:10.28926/briliant.v7i1.788

Cited by 13 publications

(15 citation statements)

References 4 publications

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“…Dalam penelitian ini variabel leverage sebagai variabel moderasi karena berdasarkan penelitian Pradanimas & Sucipto (2022) yang mengklaim bahwa penggunaan leverage memiliki dampak yang merugikan dan nyata pada harga saham. Perbedaan dengan penelitian terdahulu, penelitian oleh Nasir et al (2022) menunjukkan bahwa leverage memang memiliki pengaruh yang menguntungkan terhadap keputusan investasi yang mempengaruhi harga saham, tetapi tidak signifikan secara statistik.…”

Section: Pendahuluanunclassified

“…Menurut Pradanimas & Sucipto (2022) bahwa harga saham saat ini adalah ketika mendengar istilah "harga pasar", berarti harga saham ditentukan di pasar saham pada waktu yang dipilih oleh masing-masing pelaku pasar. Inilah yang dimaksud ketika orang mengatakan hal-hal seperti "harga saham adalah harga pasar" (market value).…”

Section: Harga Sahamunclassified

“…Menurut Pradanimas & Sucipto (2022), menurut studi tentang dampak leverage terhadap harga saham, leverage memiliki dampak yang substansial dan negatif terhadap harga saham. Sesuai dengan hasil studi dan hipotesis pecking order, perusahaan lebih memilih keuangan internal daripada investasi eksternal.…”

Section: Dominasi Leverage Terhadap Kinerja Perusahaanunclassified

“…Hal ini disebabkan oleh fakta bahwa jumlah perusahaan yang meminjam dari sumber eksternal meningkatkan risiko. Berdasarkan penelitian (Pradanimas & Sucipto, 2022), leverage berpengaruh negatif terhadap kinerja perusahaan, sehingga Investor khawatir bahwa pertumbuhan portofolio pinjaman perusahaan akan menghasilkan pembayaran bunga yang lebih tinggi dan bahaya kebangkrutan yang lebih tinggi. Akibatnya, besar kemungkinan permintaan saham perusahaan turun sehingga mempengaruhi harga saham.…”

Section: Dominasi Leverage Terhadap Kinerja Perusahaanunclassified

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Pengaruh Green Relational Capital, Green Structural Capital, And Green Human Capital Terhadap Kinerja Perusahaan

Sihombing

Murwaningsari²

2022

Owner

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The purpose of this research is to evaluate how green relational, structural, and human capital impact corporate performance, with leverage functioning as a moderator. The annual and sustainability reports from non-financial enterprises listed on the IDX in 2020–2021 are among the unbalanced data utilized in this analysis. The website of the Indonesian Stock Exchange (IDX) supplied the information for this research. Predictions suggest that 131 non-financial enterprises will list in 2020 and 238 in 2021. The sample, which was constructed from discoveries that fit the criteria, contained 334 companies. According to the study's results, green structural capital and green human capital (GHC) are harmful to a company's growth. This is because there aren't enough resources available to invest in technology or human resources that can foresee environmental repercussions. The success of an organization is also tied to its green relational capital. In order to expand their capacity, skill, and knowledge and to generate new goods more fast and more cheaply, the majority of manufacturing enterprises are creating strong ties with their suppliers. These relationships are advantageous to corporate sustainability. The data also show that leverage weakens the impact of green relational capital (GRC) while strengthening the relationship between green human capital (GHC), green structural capital (GSC), and company success.

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Section: Pendahuluanunclassified

Section: Harga Sahamunclassified

Section: Dominasi Leverage Terhadap Kinerja Perusahaanunclassified

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Pengaruh Green Relational Capital, Green Structural Capital, And Green Human Capital Terhadap Kinerja Perusahaan

Sihombing

Murwaningsari²

2022

Owner

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“…Analisis teknikal menggunakan data perubahan harga dimasa lalu sebagai upaya untuk memperkirakan harga sekuritas dimasa yang akan datang, sedangkan analisis fundamental yang berkaitan dengan penilaian kinerja perusahaan, tentang efektifitas dan efisiensi perusahaan mencapai sasarannya. Dengan analisis tersebut, para analisis mencoba memperkirakan harga saham di masa yang akan datang dengan mengestimasi nilai dari faktor-faktor fundamental yang mempengaruhi harga saham di masa yang akan datang dan menerapkan hubungan faktor-faktor tersebut sehingga diperoleh taksiran harga saham [8].…”

Section: Pendahuluanunclassified

Analisis Faktor Fundamental dan Risiko Sistematik terhadap Harga Saham dengan Profitabilitas sebagai Variabel Intervening

Rahmat

2022

jbeupiyptk

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This study aims to determine the effect of Earning Per Share (EPS), Current Ratio (CR), Exchange Rate and Interest Rate Risk on stock price movements with Return On Assets (EPS) as an intervening variable on property stocks listed on the Indonesia Stock Exchange 2017 -2021. The sample in this study was taken by purposive sampling method on property stocks listed on the Indonesia Stock Exchange 2017-2021. The number of samples used as many as 158 companies. The analytical method of this research is using multiple linear regression analysis method. The results of this study indicate that partially Earning per Share (EPS), has a significant effect on Return On Assets (ROA), Current Ratio (CR) has a significant effect on Return On Assets (ROA), Exchange Rates have a significant effect on Return On Assets (ROA)., Interest Rate Risk has a significant effect on Return On Assets (ROA), Earnings per Share (EPS) has a significant effect on Stock Prices, Current Ratio (CR) has a significant effect on Stock Prices, Exchange, Risk Interest has a significant effect on stock prices, Return on Assets (ROA) has a significant effect on stock prices, Earning per Share (EPS) has no significant effect on stock prices through Return On Assets (ROA) as an intervening variable, Current Ratio (CR) has no effect significant effect on stock prices through Return On Assets (ROA) as an intervening variable, exchange rate has an effect s significant no effect on stock prices through Return On Assets (ROA) as an intervening variable and Interest Rate Risk has no significant effect on stock prices through Return On Assets (ROA) as an intervening variable on property stocks listed on the Indonesia Stock Exchange 2017-2021.

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Do Financial Performance and Sustainability Activities Matter for the Stock Performance? Investigating Non-Primary Consumer Goods in Indonesia

Irhamni,

Inami,

Fauziah

et al. 2024

RGSA

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Purpose: This study seeks to investigate the impact of sustainability reporting index, particularly focusing on non-primary consumer goods, on stock returns during the period of 2018 to 2022, with a specific emphasis on the COVID-19 pandemic period. By analyzing the relationship between sustainability reporting and stock returns, the research aims to provide insights into the resilience and stability of companies in the face of market volatility induced by the COVID-19 crisis, particularly in the Indonesian stock market. Methods: The research methodology involves the application of multiple linear regression, incorporating dummy variables to empirically test the influence of sustainability reporting index on company stock returns during the COVID-19 event. Data collection entails gathering sustainability report data from each company within the non-primary consumer goods sector. Statistical analysis techniques are used to assess the impact of sustainability performance on stock return volatility and stability during the specified time period. Results and Discussion: The findings of the study reveal that firms within the non-primary consumer goods sector experienced substantial impacts on their leverage and profitability during the COVID-19 pandemic, significantly influencing stock returns. Notably, companies with strong performance in ESG (Environment, Social, and Governance) aspects demonstrate relatively stable stock prices amidst the epidemic. However, the analysis indicates that social reporting index performance exhibits higher volatility in stock prices compared to other ESG components. Moreover, the study observes a minimal increase in stock return volatility for companies with good ESG performance. Implications of the Research: The research outcomes have important implications for investors, policymakers, and corporate stakeholders, particularly in understanding the role of sustainability reporting in mitigating stock return volatility during times of crisis. The study underscores the significance of integrating ESG considerations into investment decisions and corporate strategies to enhance resilience and stability in the face of market disruptions such as the COVID-19 pandemic. Additionally, the research provides policy recommendations for government intervention through fiscal incentives to promote ESG investment and sustainable corporate practices. Originality/Value: This study contributes to the literature by examining the impact of sustainability reporting index on stock returns within the context of the COVID-19 pandemic, particularly focusing on the non-primary consumer goods sector in Indonesia. By providing empirical evidence of the relationship between ESG performance and stock return volatility during a period of crisis, the research offers valuable insights into the role of sustainability reporting in driving investor confidence and market stability. The findings highlight the importance of sustainable investment practices and provide actionable recommendations for policymakers and corporate decision-makers alike.

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Pengaruh Ukuran Perusahaan, Profitabilitas dan Leverage Terhadap Harga Saham dengan Nilai Perusahaan sebagai Variabel Intervening

Cited by 13 publications

References 4 publications

Pengaruh Green Relational Capital, Green Structural Capital, And Green Human Capital Terhadap Kinerja Perusahaan

Pengaruh Green Relational Capital, Green Structural Capital, And Green Human Capital Terhadap Kinerja Perusahaan

Analisis Faktor Fundamental dan Risiko Sistematik terhadap Harga Saham dengan Profitabilitas sebagai Variabel Intervening

Do Financial Performance and Sustainability Activities Matter for the Stock Performance? Investigating Non-Primary Consumer Goods in Indonesia

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