The Impact of Profitability and Dividend Policy Towards Company Value of Indonesian Commercial Banks Registered in 2014-2019 Indonesia Stock Exchange

Tanjung, Citra Agustin; Handayani, Sri; O, Emilinda Putri

doi:10.56805/ajhssr.2022.5.5.106

Cited by 4 publications

(9 citation statements)

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“…This means that firms with larger size tend to have higher stock return than those with smaller sizes. This finding is consistent with the findings from previous literature conducted in emerging countries such as Indonesia and Pakistan (Maratani, 2009;Intariani and Suryantini, 2020).…”

Section: Cupicsupporting

confidence: 93%

“…The regression results showed that firm size is significantly related to the stock return. This result is consistent with the previous literature (Fama andFrench, 1992, Johnson andSoenen, 2003;Maratani, 2009;Intariani and Suryantini, 2020). The results also showed a positive relation between the firm size and the stock return.…”

Section: Cupicsupporting

confidence: 93%

“…On the other hand, Johnson and Soenen (2003) concluded that large size firms outperform small size firms in their stock return performance. This positive relationship between size and stock return was also confirmed by studies conducted in Indonesia and Pakistan that reflect a type of emerging economies (Maratani, 2009;Din, 2016;Intariani and Suryantini, 2020). Egypt is considered as an emerging economy, so this study will follow the findings from Indonesia and Pakistan.…”

Section: ‫ال‬ ‫مجلة‬ ‫المحاسبية‬ ‫بحوث‬ ‫اﻻ‬ ‫العدد‬ ‫مارس‬ ‫ول‬ ٣ ٢٠٢supporting

confidence: 70%

“…However, the result of this study differs from Fama and French studies in terms of the direction of the relationship between firm size and stock return. The positive sign of the firm size were found in studies conducted in emerging economies such as Indonesia and Pakistan (see Maratani, 2009;Din, 2016;Intariani and Suryantini, 2020). The other financial statements' information examined in this paper, earnings, operating cash flow, and financial leverage, revealed insignificant relationship with stock return.…”

Section: Discussionsupporting

confidence: 45%

“…For example, Fama and French (1992) measured the size with the market equity which is the stock price times the number of outstanding shares. Some studies used the total assets to measure the firm size (Johnson and Soenen, 2003;Maratani, 2009;Intariani and Suryantini, 2020). Other studies may use the number of employees; however, market equity and total assets are the highly used in the value relevance studies.…”

Section: ‫ال‬ ‫مجلة‬ ‫المحاسبية‬ ‫بحوث‬ ‫اﻻ‬ ‫العدد‬ ‫مارس‬ ‫ول‬ ٣ ٢٠٢mentioning

confidence: 99%

See 4 more Smart Citations

The Use of Financial Statements’ Information and Other Information in Investors’ Decisions

Ganna¹

2023

مجلة البحوث المحاسبیة

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This paper aims to study the ability of financial statements information and other information to predict stock returns, especially in times of uncertainty. This study uses the company size (measured in total assets), the debt ratio (leverage), Operating Cash Flow (OCF), Earnings Per Share, (EPS), and net profit as measures that reflect financial statements' information. On the other hand, nonfinancial statements' information (i.e., other information) is proxied by dollar component that reflects the firms' involvement in international trading activities or not. The study uses data from 86 firms registered in the Egyptian Stock Exchange from all non-financial institutions. The study covers the financial statements and stock return information from March 2021 to March 2022. The results revealed that company size and dollar components (non-financial statement information) have a significant and positive relationship with stock return. On the other side, the other financial statement's information revealed nonsignificant relation with stock return .‫ال‬ ‫مجلة‬ ‫المحاسبية‬ ‫بحوث‬ ‫اﻻ‬ ‫العدد‬ ‫مارس‬ ‫ول‬ ٣ ٢٠٢

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Section: Cupicsupporting

confidence: 93%

Section: Cupicsupporting

confidence: 93%

Section: ‫ال‬ ‫مجلة‬ ‫المحاسبية‬ ‫بحوث‬ ‫اﻻ‬ ‫العدد‬ ‫مارس‬ ‫ول‬ ٣ ٢٠٢supporting

confidence: 70%

Section: Discussionsupporting

confidence: 45%

Section: ‫ال‬ ‫مجلة‬ ‫المحاسبية‬ ‫بحوث‬ ‫اﻻ‬ ‫العدد‬ ‫مارس‬ ‫ول‬ ٣ ٢٠٢mentioning

confidence: 99%

See 3 more Smart Citations

The Use of Financial Statements’ Information and Other Information in Investors’ Decisions

Ganna¹

2023

مجلة البحوث المحاسبیة

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Capital Structure's Role in Shaping Stock Return Dynamics

Budi Satoto

2024

jbmp

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This study examines the intricate relationships among capital structure, current ratio, return on assets (ROA), long-term debt-to-equity ratio, and stock returns within the property and real estate sector, utilizing a sample of 16 companies. Employing Structural Equation Modeling (SEM), capital structure is introduced as a mediating variable to elucidate its role in the association between the investigated financial metrics and stock returns. Results indicate that neither the current ratio nor ROA significantly influences stock returns, while the long-term debt-to-equity ratio negatively impacts capital structure. Surprisingly, the current ratio exhibits a positive effect on stock returns, while the long-term debt-to-equity ratio shows no significant impact. Notably, capital structure emerges as a positive determinant of stock returns. This study provides a novel perspective by introducing capital structure as a mediator, contributing to the existing body of knowledge. Practical implications suggest that property and real estate investors should consider financial ratios alongside external factors like exchange rates and economic conditions when making investment decisions. However, limitations associated with the study's focus on IDX-listed companies in this sector are acknowledged, necessitating careful interpretation of the findings.

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Pengaruh Struktur Modal, Profitabilitas Dan Likuiditas Terhadap Return Saham Perusahaan Sektor Consumer Goods Di Bursa Efek Indonesia

Ardityawati,

Candraningrat

2023

EEB

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Stock return is the profit obtained by companies, individuals, and institutions from the results of their investment policies. Before investing in the capital market, especially in the stock market, investors need to collect information about the company's fundamental conditions to get return investment in the long-term. The purpose of this study was to determine the effect of capital structure, profitability and liquidity on stock return. This research was conducted at consumer goods sector companies that are listed on the Indonesia Stock Exchange for the 2017-2020 period. The data used in this study is quantitative data with secondary data sources published by the Indonesia Stock Exchange. The sample used in this study were 34 companies through purposive sampling method. This study used non-participant observation method. The analysis technique used is multiple linear regression. Based on the results of the analysis found that the debt to equity ratio had a negative and insignificant effect on stock return, return on assets had a positive and significant effect on stock return and current ratio had a positive and insignificant effect on stock return. Investors and company management are expected to pay more attention to return on asset that have an impact on stock return.

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The Impact of Profitability and Dividend Policy Towards Company Value of Indonesian Commercial Banks Registered in 2014-2019 Indonesia Stock Exchange

Cited by 4 publications

References 0 publications

The Use of Financial Statements’ Information and Other Information in Investors’ Decisions

The Use of Financial Statements’ Information and Other Information in Investors’ Decisions

Capital Structure's Role in Shaping Stock Return Dynamics

Pengaruh Struktur Modal, Profitabilitas Dan Likuiditas Terhadap Return Saham Perusahaan Sektor Consumer Goods Di Bursa Efek Indonesia

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