The effect of the crisis on financial performance of property sector in Indonesia

Utami, Elok Sri

doi:10.21511/imfi.14(1-1).2017.11

Cited by 6 publications

(7 citation statements)

References 8 publications

(6 reference statements)

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Similarly, The debt ratio used in this study as a proxy for leverage; which indicates significant negative relationship with profitability (ROA). The finding is consistent the findings of Kasozi (2017); Rahman and Nasr (2007);Padachi (2006); Olufisayo (2012).The negative relationship of leverage may give a hint, if the firm used more leverage in its capital structure which trend high liquidity position. However high liquidity is negatively affected the profitability of this firm.…”

Section: Regression Analysissupporting

confidence: 88%

“…This implies high leveraged firm earns less than low leveraged firm. Kasozi (2017); Asduzzaman and Chowdhury (2017); Usman, Shakil, and Khan (2014) also found out same result in their study.…”

Section: Correlation Analysissupporting

confidence: 67%

“…Mousuvi & Jari (2012) found a negative relationship between profitability and working capital by the used in data of 56 companies accepted Tehran stock exchange. Kasozi (2017) used data of 69 manufacturing firms listed in Johannesburg Securities Exchange (JSE) during the period of 2007-20016. He found average collection period are negative and inventory conversion period have a positive statistically significant relationship with profitability.…”

Section: Literature Reviewmentioning

confidence: 99%

See 2 more Smart Citations

Impact of Working Capital Management on Corporate Profitability- Empirical Evidence from Pharmaceutical Industry of Bangladesh

Islam¹,

Hossain²,

Hoq³

et al. 2018

IJEF

View full text Add to dashboard Cite

Working capital management plays centric role in enhancing operational efficiency and their ultimate profitability. Globally financial managers have been searching the proper way on how to utilize working capital components which prolong profitability. The purpose of this study is to assess the impact of working capital components on profitability indicators of selected pharmaceutical firms in Bangladesh. The paper used financial data of 9 pharmaceutical firms listed in Dhaka stock exchange (DSE) covered 2011-2015. Two methods were used in this study for analysis data set. Firstly, to measure the relationship between selected variables Pearson Correlation matrix was used. Secondly, multiple regression analysis was used to investigate the impact working capital components on profitability of selected pharmaceutical firms. The study also conducted Durbin Watson test to assess autocorrelation of selected variables. In this study the correlation matrix identified a negative correlation between working capital components and profitability, whereas regression analysis found number of days account receivable (AR) had significant positive and current ratio (CR) and debt ratio (DR) had appeared a significant negative impact on profitability.

show abstract

Section: Regression Analysissupporting

confidence: 88%

Section: Correlation Analysissupporting

confidence: 67%

Section: Literature Reviewmentioning

confidence: 99%

See 1 more Smart Citation

Impact of Working Capital Management on Corporate Profitability- Empirical Evidence from Pharmaceutical Industry of Bangladesh

Islam¹,

Hossain²,

Hoq³

et al. 2018

IJEF

View full text Add to dashboard Cite

show abstract

“…The study by Elok Sri Utami (2017) shows that there was no difference in the system of performance Vol. 6, No.…”

Section: Discussionmentioning

confidence: 99%

World Experience Adaptation of Anti-Crisis Management of Enterprises in the Conditions of National Economy’s Transformation

Khalatur

Kriuchko

Sirko

2020

BJES

View full text Add to dashboard Cite

The purpose of the article is to systematize and generalize the experience of leading countries to form and implement an effective crisis management system; to clarify the role of the state in the formation and implementation of anti-crisis regulation strategy of the real sector of the economy, as well as to substantiate the main methodological provisions of its formation. The subject-matter of the study is the methodological and conceptual foundations of the process of the effective crisis management system of the USA, China, Japan, the EU and Ukraine. Methodology. The research is based on the set of well-known general scientific and special methods of research in economics. In particular, the dialectical method, the method of scientific abstraction, the method of systematic analysis, economic and mathematical modeling has been used in the article. Conclusion. The world experience of solving the problems of enterprise bankruptcy is generalized. The experience of the USA, Japan, China, the countries of the European Union is considered. The econometric model taking into account the heteroskedasticity of the residues shows that an increase of 1% Central government debt, bank capital to assets ratio, expense, exports of goods and services, foreign direct investment, net inflows will increase GDP by 2.41%, 1.53%, 1.23%, 2.03%, and 1.19% respectively in the studied countries. Examining the experience in the field of crisis management, it should be noted that in Europe there is a selective approach aimed at stimulating the activities of specific companies; public sector priorities are education, health care, pensions, and the labor market. In addition, in some countries in order to find innovative structures of enterprises, increase their competitiveness and efficiency, out of the crisis, the development of privatization programs is used, which in each country have their own characteristics. World experience shows that the models of anti-crisis management constructed in different countries of the world provide various potential opportunities for progressive socio-economic changes. However, none of them can be used in its pure form in the formation of anti-crisis management policy in Ukraine. This is due to the conditions of accumulation of this experience by countries, the formation of mechanisms and institutions in a balanced economy, differences in the construction of financial and credit mechanisms, and so on. The use of positive experience should be the first step towards reforming the crisis management system.

show abstract

“…Research in the property sector is said to be important because the need for boards is one of the basic human needs. Activities in the property industry can be used as an indicator of how active economic activity is taking place (Utami, 2017). Every economic activity basically will always require property products as a factor of production.…”

Section: Introductionmentioning

confidence: 99%

The Effect of Debt to Equity Ratio and Return on Equity on Stock Return with Dividend Policy as Intervening Variables in Subsectors Property and Real Estate on Bei

Nurhikmawaty¹,

Isnurhadi²,

Widiyanti³

2020

OJBM

View full text Add to dashboard Cite

The aims of this study are to investigate the effect of Debt to Equity Ratio and Return on Equity on stock returns with dividend policy as an intervening variable on the property and real estate companies in Indonesia. We collected annual data for eighteen property and real estate companies in Indonesia from the Indonesia Stock Exchange over the period of 2014-2018. We applied multiple linear regression model using SPSS and the Sobel test. Our analysis results found that Debt to Equity Ratio (DER), Return on Equity (ROE), and Dividend Payout Ratio (DPR) have a positive and significant affect on stock returns, both partially nor jointly. Furthermore, the result of Sobel test revealed Dividend Payout ratio (DPR) can be mediate the relationship of Debt to Equity Ratio (DER) and and Return on Equity (ROE) on stock returns. Based on these findings, we concluded that Debt to Equity Ratio (DER) and Return on Equity (ROE) have direct and indirect effects on Stock Return in 18 Indonesia's property and real estate companies.

show abstract

The effect of the crisis on financial performance of property sector in Indonesia

Cited by 6 publications

References 8 publications

Impact of Working Capital Management on Corporate Profitability- Empirical Evidence from Pharmaceutical Industry of Bangladesh

Impact of Working Capital Management on Corporate Profitability- Empirical Evidence from Pharmaceutical Industry of Bangladesh

World Experience Adaptation of Anti-Crisis Management of Enterprises in the Conditions of National Economy’s Transformation

The Effect of Debt to Equity Ratio and Return on Equity on Stock Return with Dividend Policy as Intervening Variables in Subsectors Property and Real Estate on Bei

Contact Info

Product

Resources

About