The effect of Profitability and Stock Split on Stock Return

Nurdin, Fajar; Abdani, Fadlil

doi:10.24198/jaab.v3i2.27721

Cited by 6 publications

(7 citation statements)

References 5 publications

(14 reference statements)

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“…If the stock price decreases, the return stockobtained is also not good. This research is in line with Nurdin & Hastuti (2020) which shows the results that leverage has no significant effect on returns stock.…”

Section: Figure 1 Normal Graph Of Pp Plotsupporting

confidence: 89%

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The Effect of Good Corporate Governance, Leverage, and Profitability on Returns in Stock

Hidayah¹,

Juliasari²,

Ifa³

2021

ASSETS

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Return Stockis the reciprocal result of stock investment activities that will be received by investors. Before investing in stocks, investors must analyze the company from a financial and non-financial perspective. The purpose of this study is to examine and analyze the effect of good corporate governance, leverage, and profitability on returns stockin manufacturing companies listed on the Indonesia Stock Exchange for the period 2017 to 2019. The data needed in this study is secondary data in the form of annual reports of manufacturing companies. published by the Indonesia Stock Exchange in the period 2017 to 2019 through the website www.idx.co.id. The sampling technique used is purposive sampling. The technique of data analysis uses multiple linear regression analysis which is processed with the SPSS application. The results of the analysis of this study indicate that 1) good corporate governance (CGPI scoring) has no significant effect on stock returns, 2) leverage (Debt to Equity Ratio) has no significant effect on returns stock, 3) Profitability (Return on Equity) has a significant effect on return.

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Section: Figure 1 Normal Graph Of Pp Plotsupporting

confidence: 89%

“…Research conducted by Purba (2019) states that leverage has an influence on returns stock. However, the research conducted by Nurdin & Hastuti (2020) states a different result, namely leverage does not affect returns stock.…”

Section: Introductionmentioning

confidence: 97%

The Effect of Good Corporate Governance, Leverage, and Profitability on Returns in Stock

Hidayah¹,

Juliasari²,

Ifa³

2021

ASSETS

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“…If investors buy shares, it means they (investors) buy the company's prospects, and if the company's prospects are good, the Stock Return will increase. Shares are paper with a clear nominal value, company name, followed by rights and obligations that have been explained to each holder (Harjoto et al, 2019), (How & Tsen, 2019), (West et al, 2020), (Li et al, 2017), (Nurdin & Abdani, 2020).…”

Section: Literatur Review and Hypotesismentioning

confidence: 99%

The Role of Return on Asset Mediation in Influencing Corporate Social Responsibility on Stock Returns in Manufacturing Companies

2022

QAS

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The condition of manufacturing companies that experienced a bad impact due to the weak value of operational activities resulted in a decrease in company profits so that the impact on the portion of corporate social responsibility disclosure was reduced. The Covid-19 pandemic has caused several manufacturing companies to be unable to generate profits that have been determined at the General Meeting of Shareholders (GMS) so that the return on investment is lower. This study aims to examine in depth the systematic risk that will affect stock returns in changing the relationship between investor sentiment, trading activity, market factors and stock return responses during the Covid 19 Pandemic. The population used in this study are manufacturing companies listed on the Indonesia Stock Exchange. as many as 169 companies. Of the 169 companies listed on the Indonesia Stock Exchange, there were 39 companies that were delisted during 2020 and 45 companies that did not have complete data on the required research variables, so the number of sample companies used was 85 companies. The data analysis technique uses Structural Equation Modeling (SEM) analysis with PLS smart software. The results of the study show that CSR has a negative effect on ROA with a significance level of 0.000. CSR has a positive effect on stock returns with a significance level of 0.000. ROA has a positive effect on Stock Return with a significance level of 0.000.

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“…Penelitian-penelitian sebelumnya telah membahas kebijakan stock split terkait dengan kondisi-kondisi yang terjadi dalam perusahaan seperti harga saham (Puspita & Yuliari, 2019;Pratiwi et al, 2020), likuiditas (Hadiwijaya & Widjaja, 2018;Adisetiawan & Atikah, 2018;Bagaskoro et al, 2019;Burnwal & Rakshit, 2019), tingkat pengembalian (Adisetiawan & Atikah, 2018;Hadiwijaya & Widjaja, 2018;Puspita & Yuliari, 2019;Nurdin & Abdani, 2020;Tanoyo, 2020), volume perdagangan (Prijati & Rachmawati, 2019, Tanoyo, 2020, pemberian sinyal perusahaan (Boermawan & Siregar, 2013;Paramitha, 2019;Cui et al, 2020) dan manajemen laba (Boermawan & Siregar, 2013;Yagüe et al, 2009;Chan et al, 2019) Walaupun terdapat adanya perbedaan kepentingan antara manajer dan pemegang saham dalam menjalankan perusahaan (Thakur, 2021), motif-motif manajer dalam melakukan stock split penting untuk diketahui. Stock split menunjukkan bahwa manajer memiliki kinerja operasi dan kinerja pasar yang baik, sehingga manajer berani mengambil kebijakan tersebut.…”

Section: Pendahuluanunclassified

Kebijakan Stock Split Perusahaan Non-Financial Di Indonesia: Manajemen Laba, Kinerja Operasi, Kinerja Pasar

Firmansyah

Indriani

2021

Owner

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The stock split policy shows the success of managers in managing the company. The condition of managers who have perfect information compared to shareholders, stock split policies may coincide with certain motives carried out by managers. This study examines differences in earnings management, operating performance, and market performance before and after the company conducts a stock split. This study employs secondary data sourced from www.idx.co.id, www.idnfinansials.com, and www.finance.yahoo.com. The data employed consists of data and information from financial statements and stock prices of non-financial companies listed on the Indonesia Stock Exchange from 2013 to 2019. The sample used in this study amounted to 64 observations based on purposive sampling. The data analysis test used the normality test and the Wilcoxon matched-pairs test. This study concludes that earnings management and market performance increase after the company's stock split is carried out. Meanwhile, operating performance did not experience any difference before and after the stock split was carried out. This study proves that managers employ the moment stock split to carry out earnings management for certain motives, even though the market participants positively respond to these actions. The companies that carry out stock splits should make these events to improve their operating performance. This study indicates that the Financial Services Authority needs to review companies with plans to conduct a stock split to protect investors in the capital market

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The effect of Profitability and Stock Split on Stock Return

Cited by 6 publications

References 5 publications

The Effect of Good Corporate Governance, Leverage, and Profitability on Returns in Stock

The Effect of Good Corporate Governance, Leverage, and Profitability on Returns in Stock

The Role of Return on Asset Mediation in Influencing Corporate Social Responsibility on Stock Returns in Manufacturing Companies

Kebijakan Stock Split Perusahaan Non-Financial Di Indonesia: Manajemen Laba, Kinerja Operasi, Kinerja Pasar

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