The purpose of this study is to analyze the effect of financial ratios on stock returns with earning per share as moderating variable in Banking Companies on the Indonesia Stock Exchange (2012–2017 period). This research is a comparative causal research, which is to analyze the causal relationship between two or more variables. The seven companies are Bank Mandiri (Persero) Tbk (BMRI), Bank Central Asia Tbk (BBCA), BANK Rakyat Indonesia (Persero) Tbk (BBRI), Bank Bumi Arta Tbk (BNBA), Bank Negara Indonesia (Persero) Tbk (BBNI), Bank Tabungan Negara (Persero) Tbk (BBTN) dan Bank Mega Tbk (MEGA), so that with a 6-year financial report, there are (7x6)=42 research samples. The data analysis method used in testing the hypothesis in this study is multiple linear regression analysis and moderated variable regression analysis with the absolute difference value test method. Based on the results of the study, it shows that the current ratio (CR) has a positive and significant effect on stock returns at Banking Companies on the Indonesia Stock Exchange. Total asset turnover (TAT) has a positive and significant effect on stock returns in Banking Companies on the Indonesia Stock Exchange. Debt to equity ratio (DER) has a negative and significant effect on stock returns of Banking Companies on the Indonesia Stock Exchange. Return on investment (ROI) has a positive and significant effect on stock returns of Banking Companies on the Indonesia Stock Exchange. Earning per share (EPS) is not able to significantly moderate the relationship between CR and stock returns. EPS is able to significantly moderate the relationship between TAT and stock returns. EPS is able to significantly moderate the relationship between DER and stock returns. EPS is not able to significantly moderate the relationship between ROI and stock returns. Keywords: Financial Ratios, Stock Returns, Earning Per Share.
New methods of deformation analysis using electronic speckle pattern interferometry is proposed. The advantages of the measurement system are its capability to evaluate the phase data embedded in fringe pattern continuously. by simply taking speckle images and doing simple arithmetic operation on data processing stage. The methods can be applied for deformation analysis and fracture prediction technique on a loaded material. Analysis of fracture was done based on mesomechanics theory proposed by V.E. Panin. The important strength of this system is the ability of predicting a future crack on a loaded material by performing non contact and non destructive measurement system.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.