Earnings and liquidity factors

Snigaroff, Robert; Wróblewski, David

doi:10.1016/j.qref.2021.03.011

Cited by 4 publications

(5 citation statements)

References 66 publications

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“…Kelompok utama sumber risiko mencakup kondisi internal terkait dengan sumber daya yang berupa aset berwujud dan tidak berwujud, serta kondisi pasar eksternal yang berhubungan dengan prinsip operasi industri dan aturan ekonomi yang diadopsi (Hofman et al, 2017;Korski et al, 2016;Matyjaszek et al, 2018). Informasi tentang volume, pendapatan dan harga telah mendominasi pelaporan keuangan selama lebih dari seratus tahun (Snigaroff & Wroblewski, 2021). Faktor utama yang menentukan siklus operasi perusahaan adalah jangka waktu persediaan, waktu tahap produksi dan pembayaran utang.…”

Section: Pendahuluanunclassified

Relasi Antara Efisiensi Operasional Dan Profitabilitas

Jamal¹,

Fauziah²,

Latief³

et al. 2022

jak

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Hubungan antara efisiensi operasional dan profitabilitas tidak dapat diabaikan karena peningkatan profitabilitas diperlukan untuk kelangsungan hidup jangka panjang setiap perusahaan. Efisiensi dapat diukur melalui beberapa rasio keuangan dengan menggunakan working capital turnover dan total asset turnover. Kemudian untuk profitabilitas menggunakan return on asset. Sampel perusahaan yang digunakan adalah sektor pertambangan Batubara sebanyak 10 perusahaan selama 3 tahun dari 2017-2019. Regresi linier berganda digunakan untuk menggambarkan dinamika perubahan return on asset. Berdasarkan hasil analisis, kami menemukan bahwa baik secara parsial maupun secara simultan working capital turnover dan total asset turnover berpengaruh signifikan terhadap return on asset.

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Section: Pendahuluanunclassified

Relasi Antara Efisiensi Operasional Dan Profitabilitas

Jamal¹,

Fauziah²,

Latief³

et al. 2022

jak

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“…Regarding goal 7, the model's tie to the cross-section, the Fama and French (2015) model has five factors, one is the market and two are related to earnings. Snigaroff and Wroblewski (2021) provide a cross-sectional model that uses five factors even more closely related as discussed in Sect. 3.…”

Section: Parameter Values and Puzzlesmentioning

confidence: 99%

“…Regarding a ready tie-in to the cross section, goal 8 from above, while others have built liquidity factor models, Snigaroff and Wroblewski (2021) work in these same variables to provide a powerful returns-based factor description of stock returns that performs better than other benchmark factor models and subsumes the momentum factors of Jegadeesh andTitman (1993) andCahart (1997). In this study, we compare and relate their factors and their magnitude to the consumption model.…”

Section: Introductionmentioning

confidence: 99%

“…The consumption 'macro model' uses the market combined with aggregate earnings growth and changes in turnover. 4 This is advantageous as it is this change in liquidity that allows Snigaroff and Wroblewski (2021) to subsume momentum, which is a pernicious problem for rational pricing models. The change in turnover in the consumption model serves as a proxy for the changing state risk in liquidity as in Levine and Zevos (1998).…”

Section: Introductionmentioning

confidence: 99%

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Consumption with earnings, liquidity, and market based models

Snigaroff¹,

Wróblewski

2022

Rev Quant Finan Acc

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The market, earnings, and liquidity growth combine to form a proxy for wealth growth, allowing a recursive consumption model with a low risk aversion coefficient, a risk-free rate close to historical, a high equity premium, and a reasonable elasticity of intertemporal substitution. The empirical consumption model does well against major asset pricing puzzles. Tested over 118 years it is not rejected while a forward-looking consumption model using the market alone as a wealth proxy fails. Changing liquidity and earnings forecast consumption and their ‘crashes’ precede consumption declines. We also demonstrate related stock level factors have similar economic magnitude and are significant. These models are consistent to the financial intermediary economic growth literature. Such consistency across approaches adds credence to common earnings and liquidity factors as important risks to investors.

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“…Therefore, an entity that wants to maintain its existence in its business activities can have the ability to pay off its obligations on time (Nugrahani and Suwitho 2016). The relationship between liquidity and earnings is significant for investors because it can affect the wealth owned by the company (Snigaroff and Wroblewski 2021). The liquidity ratio is used as an indicator in seeing the sustainability of the company in fulfilling its responsibilities in financial obligations.…”

Section: Hypothesis Developmentmentioning

confidence: 99%

The Financial Signaling And Internal Factor Company Against To Earning Per Share

Prasetiyo

2022

JAS

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This research aims to determine the results of financial signal testing as indicated by return on equity (ROE) and liquidity and then the internal company as indicated by company size and audit quality on earnings per share (EPS). The research method used is quantitative. The population of this study is consumer goods companies, totaling 180 companies listed on the Indonesia Stock Exchange (IDX) during 2018-2021. The sample selection technique uses purposive sampling. The data analysis technique uses multiple linear regressions with the IBM SPSS 25 tool. The results show that return on equity, firm size and audit quality affect earnings per share. However, liquidity does not affect earnings per share. This research can be a source of reference for further research. Then it can also be a source of reference for companies in improving financial performance in maintaining the company's existence in the capital market and the maximum consistency of business development to satisfy the principles.

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Earnings and liquidity factors

Cited by 4 publications

References 66 publications

Relasi Antara Efisiensi Operasional Dan Profitabilitas

Relasi Antara Efisiensi Operasional Dan Profitabilitas

Consumption with earnings, liquidity, and market based models

The Financial Signaling And Internal Factor Company Against To Earning Per Share

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