The influence of undervaluation, free cash flow, leverage and dispersion of ownerships toward company’s stock repurchase (An empirical study of Indonesia stock exchange public listed companies)

Bahri, Cholifah; Mahsina, S E; Poniwati, Asmie

doi:10.20474/jabs-3.5.3

Cited by 4 publications

(3 citation statements)

References 30 publications

(40 reference statements)

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“…Various aspects of conduct and regulation of monetary policy are considered in the studies of scholars and researchers of the CIS countries as a Bakulina (2014), Moiseev (2011), Zhukov (2008), Kuznetsova and Rud (2013), Wasike (2017), Bahri, Mahsina, & Poniwati, (2017). Their work deals with issues that reveal the essence and legal basis of activities of different countries' central banks, their role in the development of country's economy, content of its functions.…”

Section: Literature Reviewmentioning

confidence: 99%

Monetary Policy of the Republic of Kazakhstan

Garifollaevna

Bauirzhanovna

2019

HSSR

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Purpose: Currently due to Kazakhstan's high vulnerability to external shocks, Kazakhstan needs new growth factors to accelerate and provide more inclusive growth. The National Bank of Kazakhstan, as the central bank, is responsible for the development and implementation of state monetary and credit policy within the framework of powers provided by current legislation. Objectives of monetary policy are primarily carried out to achieve this goal. Restoration of trust to actions of economic authorities is possible only if a balanced and responsible policy, supported by concrete actions and results, is implemented. Methodology: This study provides a literature review of domestic and foreign authors, who conducted the study of monetary policy of Central Banks of countries in various aspects of international experience. The study gives an analytical overview of the current monetary policy of the Republic of Kazakhstan. Main Findings: The study discusses the importance of Kazakhstan’s monetary-credit regulation as only by means of effective monetary policy state can mitigate economic crises, restrain inflation growth and stimulate investments in various sectors of country's economy. The studies are systematized theoretical and methodological research aspects of the monetary policy of Kazakhstan of which the conclusions and recommendations proposed to improve the economy of our country. Implications/Applications: This suggests that we should work in the near future, look for drivers of growth, so as to ensure not just an anti-crisis manual management of the economy, but to enter the rails of sustainable development.

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Section: Literature Reviewmentioning

confidence: 99%

Monetary Policy of the Republic of Kazakhstan

Garifollaevna

Bauirzhanovna

2019

HSSR

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“…Earnings persistence is one of the most important qualitative properties of accounting profit, which implies the stability and durability of this profit (Healy, Serafeim, Srinivasan, & Yu, 2014). The earning acquired from ongoing business operations are more stable relative to reported items in the financial statements (Ashley & Yang, 2004;Bahri, E, & Poniwati, 2017). Accruals are other examples because they are taken into account somehow personally, which leads to the low stability of these items.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Earnings Persistence on the Operating Cash Flows with Emphasis on Financial Constraints

Ilkhechi¹,

Khatibi²

2020

Int. j. bus. adm. stud

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The purpose of this study is to investigate the effect of earnings stability on operating cash flows with emphasis on financial constraints. Evidence suggests that earnings stability has a positive and significant effect on operating cash flows. Financial constraints have a negative and significant effect on operating cash flows, and financial constraints do not have a significant interactive effect on the relationship between profit stability and operating cash flows. To measure operating cash flow, the cash flow from operating activity obtained through the cash flow statement is obtained by dividing the company's total assets. From 2012 to 2016 that a total of 121 companies active in various industries have formed the research sample. The present research method is descriptive-correlational in terms of applied purpose and post-event in terms of the data collection method. A multivariate regression method has been used to test the research hypotheses. The independent variable in this study is profit stability, and the dependent variable is operating cash flow and financial constraint as a moderating variable. The result is also supported by stakeholder theory. In general, the study adds to the literature by emphasizing the importance of earnings stability in shaping operating cash flow and its financial constraints.

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“…But behind that it turns out that ROE can obscure a lot of potential problems in the company and ROE can distract from business fundamentals leading to unpleasant surprises. This means that companies can use inancial strategies to maintain a healthy ROE arti icially for a while and hide the deteriorating performance in its business fundamentals (Bahri, Mahsina, & Poniwati, 2017;Hagel, Brown, & Davison, 2010). Based on the description above, this study focuses on ROA pro itability indicators to analyze long-term pro itability trends in all Non-banking State-Owned Enterprises (BUMN) registered in the Indonesia Stock Exchange (IDX) (Bursa Efek Indonesia, 2018) from 2012 to 2017.…”

Section: Introductionmentioning

confidence: 99%

The effect of solvency, activity and implementation of good corporate governance on profitability

Nasution¹,

Sukmadilaga²

2019

J. adm. bus. stud.

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The aim of this research is to ind out the effect of solvency, activity, and implementation of good corporate governance on pro itability of non-banking State Owned Enterprises which the IPO before 2012 and registered in Indonesia Stock Exchange in 2012 until 2017. The number of the research sample were 14 companies. The phenomenon of operational inef iciency of the company resulted in the loss of several State Owned Enterprises in that period. In this study pro itability indicators use Return On Assets (ROA). While the debt of the State-Owned Enterprises is increasingly swollen, especially those who get government assignments are feared that they will default. This is related to solvency as measured by using Debt to Equity Ratio (DER). While the inef iciency of companies in using and managing assets owned will only increase the burden of the company in the form of investment that does not bring pro it. This is related to the activities measured by using Total Assets Turnover (TATO). The last is Good Corporate Governance (GCG) where corporate governance is seen as not yet optimal by State Owned Enterprise. As for corporate governance using the Audit Committee indicators. Based on the results of the study, it is concluded that DER, TATO, and GCG with the Audit Committee indicators have a signi icant effect on ROA in State Owned Enterprise registered on the IDX. The same result is also with partial test (t test), where DER has a signi icant effect on ROA, TATO has a signi icant effect on ROA, and GCG with the Audit Committee indicator has a signi icant effect on ROA.

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The influence of undervaluation, free cash flow, leverage and dispersion of ownerships toward company’s stock repurchase (An empirical study of Indonesia stock exchange public listed companies)

Cited by 4 publications

References 30 publications

Monetary Policy of the Republic of Kazakhstan

Monetary Policy of the Republic of Kazakhstan

The Impact of Earnings Persistence on the Operating Cash Flows with Emphasis on Financial Constraints

The effect of solvency, activity and implementation of good corporate governance on profitability

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