ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN (Studi Kasus Pada Perusahaan Yang Terdaftar Dalam Indeks LQ-45 Periode 2011-2014)

Firm value is a depiction of how success is a firm in running their business. Therefore, this research is conducted to analyze the effect given by some factors such as Profitability (ROE), Leverage (DAR), and Firm Size (Size), and Price Earning Ratio (PER) to Firm Value (PBV) on the company that registered in the LQ-45 index between 2011-2014 period. The sample in this research are 22 companies that always exists on the LQ-45 index between 2011-2014 period. The sampling method used is purposive sampling. The data in this research obtained from the companies’ annual report. Data analysis in this research done with multiple linear regression method. The result from this research showed that Profitability, Firm Size, and Price Earning Ratio have positive significant effect to Firm Value; while Leverage has a negative significant effect to Firm Value. The adjusted R2 score of 0,907 showed that ROE, DAR, Size, and PER have 90,7% to PBV, while the other 9,3% are determined by another variable

ANALISIS FAKTOR – FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING (Studi pada Perusahaan Manufaktur yang Listed di BEI Tahun 2008 – 2011)

Firm Value is one of the factors are considered by investors for making investment decisions. Research of the factors that affect the firm value being researched by Dossugi (2011), Hermawati (2011), Sulistyawan (2005), and Jatismara (2011) still shows adanta differences in outcomes research. Also based on the data available, there are differences regarding the direction of the relationship factors that influence the firm value. Therefore, it still needs to be done further research on the factors that affect the firm value. This study examined the effect of Total Asset Turnover (TATO), Sales growth (SG), Net Profit Margin (NPM) on Return on Assets (ROA) and the influence of Total Asset Turnover (TATO), Return on Assets (ROA), Net Profit Margin (NPM) of the Price Book Value (PBV) in the manufacturing companies listed on the Indonesia Stock Exchange (BEI) in the period from 2008 to 2011. The sample used in this study consisted of 71 manufacturing companies listed on the Indonesia Stock Exchange (BEI) in the period from 2008 to 2011. Sampling was done by purposive sampling method. Data obtained from the Indonesian Capitan Market Directory (ICMD) and the Annual Report of the company. The analysis technique used is multiple regression analysis and Path Analysis with the help of SEM. The results showed that the Total Asset Turnover (TATO) significant positive effect on return on assets (ROA) and Price Book Value (PBV .Based on Path Analysis Total Asset Turnover (TATO) indirectly influence the Price Book Value (PBV) through the Return on Assets (ROA). Sales growth (SG)have no significant negative effect on Return on Assets (ROA). Net Profit Margin (NPM) a positive effect on return on assets (ROA) and negative effect on Price Book Value (PBV) .Based on Path analysis Net Profit Margin (NPM) indirectly influence the Price Book Value trough the Return on Asset (ROA

ANALISIS PENGARUH CURRENT RATIO, TOTAL ASSET TURNOVER, RETURN ON ASSET DAN DEBT TO EQUITY RATIO TERHADAP DIVIDEND PAYOUT RATIO PADA PERUSAHAAN YANG LISTED DI BURSA EFEK INDONESIA TAHUN 2008 - 2011

This research was conducted to examine the effect of Current Ratio (CR), Total Asset Turnover (TATO), Return on Assets (ROA) and the Debt to Equity Ratio (DER) to the Dividend Payout Ratio (DPR) on companies listed on the Indonesia Stock Exchange (IDX) for the period 2008 to 2011. The problem of this study is the contradiction between the theory and the fact that the amount of dividends declared during the period fluctuates widely. So researchers are interested in studying the effects of Current Ratio (CR), Total Asset Turnover (TATO), Return on Assets (ROA) and the Debt to Equity Ratio (DER) to the Dividend Payout Ratio (DPR) on companies listed on the Indonesia Stock Exchange (BEI) for the period 2008 to 2011. Samples from this study were as many as 13 companies in accordance with the criteria set in the period from 2008 to 2011. Data obtained from the Indonesian Capitan Market Directory (ICMD) and the Annual Report of the company. The analysis method used is multiple linear regression. The results showed that there were no irregularities in the classical assumption test, it indicates that the available data has been qualified for use multiple linear regression models. The resulting regression equation is DPR = 42,347 + 2,184 CR – 5,820 TATO + 3,151 ROA – 2,250 DER. From the results of the analysis showed that the variables CR and ROA variables have positive and significant impact on the House of Representatives. While TATO variables and variable DER significantly and negatively related to the Parliament. Simultaneously CR, TATO, ROA and DER significant effect on the House of Representatives. Regression estimation results indicate that the ability of the four independent variables of the House of Representatives by 54.5%, while the remaining 45.5% is influenced by - other factors beyond the model that has not been entered in the analysi

ANALISIS FAKTOR – FAKTOR YANG MEMPENGARUHI DIVIDEND PAYOUT RATIO (Studi Pada Perusahaan Manuaktur yang Terdaftar di BEI Periode 2010 – 2014)

This research was conducted to examine the effect of Debt to Equity Ratio (DER), Current Ratio (CR), Return On Asset (ROA), Firm Size and Growth Opportunity to the Deviden Payout Ratio (DPR) on companies listed on Bursa Efek Indonesia (BEI) for the period 2010 to 2014. The sampling technique used is pusposive sanpling and the number of samples used for as many as 26 companies. The variables used in this study, namely the dividend payout ratio (DPR) as the dependent variable and of Debt to Equity Ratio (DER), Current Ratio (CR), Return On Asset (ROA), Firm Size and Growth Opportunity as independent variables. Data obtained from the publication of Indonesia Stock Exchange (IDX ) 2010 – 2014. The analysis technique used is multiple regression analysis and hypothesis testing using the t statistic for testing the partial regression coefficient and F-statistic to test the effect together with the 5% level of confidence. The results showed that the DER and CR have no significant effect on the Dividend Payout Ratio. While the ROA has a significant effect on the Dividend Payout Ratio with a positive direction. Firm size has a significant effect on the Dividend Payout Ratio with a positive direction. Meanwhile, the growth opportunity has a significant effect on the Dividend Payout Ratio with the negative direction. Based on a statistical analysis of significance of F values obtained 0,000 (less than 0.05), so it can be concluded that the variables DER, CR, ROA, firm size and growth opportunity have a significant influence on DPR. From Adjusted R Square value of 0.603 indicates that there are independent variables in the model can explain the variation the DPR by 60,3%, while 39,7% variation explained by the Dividend Payout Ratio of other variables outside the model

ANALISIS PENGARUH CURRENT RATIO, SIZE, DEBT TO EQUITY RATIO, DAN TOTAL ASSET TURNOVER TERHADAP DIVIDEND YIELD DENGAN RETURN ON ASSET SEBAGAI VARIABEL INTERVENING (Studi Kasus Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2010-2014)

Financial performance has become one of the most important issues for investors before they investing their fund inside the company. There is so many factors affect the financial performance and affect their decisions. Therefore, this study examines the effect of Current Ratio (CR), Firm’s Size (TA), Debt To Equity Ratio (DER), and Total Asset Turnover (TATO) of the Dividend Yield with the Return On Assets (ROA) used as intervening variable. The sample used in this research consists of 25 manufacturing companies listed on the Indonesian Stock Exchange (IDX) 2010-2014. This study used the purposive sampling methods. Data obtained from the Indonesian Capital Market Directory (ICMD) and Annual Report. Data analysis method used is multiple linear regression analysis and also path analyisis for analyze the indirect effect of independent variables. The result indicates that CR, and TATO has significant positive effect on ROA, while DER has significant negative effect on ROA, while Size is the only one variable that has no effect on ROA. In the second regression, the result indicates that ROA, Size, and TATO has significant positive effect on Dividend Yield, while CR and DER has significant negative effect. More further, path analysis result indicates that CR and TATO has significant positive effect on Dividend Yield through intervening variables (ROA) while Size and DER has no significant effect on Dividend Yield through intervening variables (ROA)

ANALISIS PENGARUH STRUKTUR MODAL, PERTUMBUHAN PENJUALAN, DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING (Studi Kasus Pada Perusahaan Real Estate dan Properti yang Terdaftar di BEI Tahun 2010-2014)

This research aims to analyze the effect of capital structure (DER), sales growth, and firm size of firm value (PBV) and profitability (ROE) as an intervening variable. The data used in this study were obtained from financial statements of the real estate and property company that is listed on the Indonesia Stock Exchange in 2010-2014. This study uses secondary data. The selection of the sample using a purposive sampling tecnique and using 32 companies. The analysis technique used is Path Analyst which is a development of the bivariate and multiple regression analysis. The results of this study showed that capital structure and growth sales have a positive effect and significant to probability, firm size has a negative effect and insignificant to profitability. Probability and capital structure have a positive effect and significant to firm value. Growth Sales and firm size have a negative effect and insignificant to firm value. Profitability is able to mediate the effect of capital structure and growth sales on firm value. But profitability is not able to mediate the effect of firm size on firm value

ANALISIS PENGARUH KEPEMILIKAN INSTITUSIONAL, FREE CASH FLOW, INVESTMENT OPPORTUNITY SET TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN HUTANG SEBAGAI VARIABEL INTERVENING ( Studi Kasus pada Perusahaan Non Keuangan yang Terdaftar di Bursa Efek Indonesia Periode 2008 – 2011)

The purpose of this research is to analyze the effects of Institutional Ownership, Free Cash Flow, and Investment Opportunity Set toward Debt Policy, and Firm Value. Independent Variables in this research are Institutinal Ownership, Free Cash Flow, and Investment Opportunity Set. Intervening Variabel is Debt Policy and dependent variable is Firm Value. The sample determinity method is Purpose Sampling method. Samples in this research are non financial company in Bursa Efek Indonesia (BEI) period of 2008-2011 which amounts to 103 company. The analysis technique is Structural Equation Model. Based on Structural Equation Model testing, all of the research models was filled the goodness of fit criteria.The analysis result showed that institutional ownershop, free cash flow, and investment opportunity set have significant effect to debt policy. Institutional ownership have significant effect to firm value.Investment Opportunity set have significant effect to firm value and debt policy have significant effect to firm valu

The role of firm size on bank liquidity and performance : a comparative study of domestic and foreign banks in Indonesia

Purpose: The purpose of this study is to find out the effects of Non-Performing Loans (NPL), Net Interest Margin (NIM), Non-Interest Income, and Loan to Deposit Ratio (LDR) to Return on Assets (ROA) with size as a control variable and to compare whether there is a difference in these effects between domestic and foreign banks in the study period. Design/Methodology/Approach: The sample of this study is 228 domestic and foreign banks listed in Indonesia Stock Exchange (IDX) in the same period. Findings: The results show that in domestic banks, NPL has a negative effect on ROA while NIM has a positive effect on ROA. In foreign banks, NPL has a negative effect on ROA, NIM has a negative effect and LDR has a negative effect on ROA also. Furthermore, when size becomes a control variable there is no difference between domestic and foreign banks. Practical Implications: The results can be used by the banking sector for policy options in foreign and domestic banks using the above mentioned indices as control variables. Originality/Value: The study makes the distinction between domestic and foreign banks examing an issue which is typical in financial analysis however the results are giving some new insights regarding liguidity and performance.peer-reviewe

Analisis Pengaruh Fundamental Makro dan Indeks Harga Global terhadap IHSG [English: Effect of Macro Fundamental and Global Price Index on Global Stock Price Index]

The purpose of this paper is to examine the effect of a number of macro economic indicators to IHSG. This paper using multiple regression analysis to examine the effect of a number of macro economic indicators to IHSG. This paper finding that macroeconomic variables affect the movement of IHSG. During the observation period, Oil Price, Gold Price, Dow Jones Index, and Hangseng Index have a positive impact to IHSG Movement. While SBI Rate, Rupiah Exchange Rate, and Nikkei 225 Index have a negative impact to IHSG movement. Although IHSG often used as a reference by investor to observer the movement of stocks market in Indonesia (Bisnis Indonesia,2007), IHSG has a weakness that is movement often caused by the movement of stocks tha have a large capitalization value (M. Samsul, 2008). Keywords: Stock Market, Macro Economic Indicator, Globalization

ANALISIS PENGARUH RASIO LIKUIDITAS, RASIO SOLVABILITAS, RASIO AKTIVITAS, DAN RASIO PROFITABILITAS TERHADAP PRICE EARNING RATIO PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

The aims of this study is to determine the influence of financial ratios of Price Earing Ratio in manufacturing companies listed on the Indonesia Stock Exchange. In fundamental analysis, Price Earning Ratio is often used because it is easy to understood by investors or prospective investors as a measure to determine how the market value or price of a company. Financial ratios used in the liquidity ratio, solvability ratio, activity ratio, and profitability ratio. Variable in this study are independent and dependent variables. The independent variable consist of Current Ratio (CR) , Debt to Equity Ratio (DER), Inventory Turnover (INTO), Return On Equity (ROE), and the dependent variable is Price Earning Ratio. Research method used is multiple linear regression model. Type of data is secondary data from each manufacturing companies listed on the Indonesia Stock Exchange for three years in 2006, 2007, and 2008. The samples are taken by purposive random sampling. The samples is fifty four manufacturing companies. Results show that the liquidity ratio, activity ratio, and profitability ratio has a significant effect on price earning ratio manufacturing company shares. However solvability ratio have no significant effect on price earning ratio manufacturing company shares. This research can be used as a reference for investors to predicting the company’s stock price in the future and in making decesions to invest