Social Disclosure and Profitability: Study in Indonesian Companies

We tried to investigate the causal relationship between profitability and corporate social responsibility disclosure.  We choose listed companies under Kompas100 index as our sample to test whether profitability ‘granger cause’ CSR disclosure and whether CSR disclosure ‘granger cause’ profitability. We conduct multiple regression analysis to see the effect. ROA, ROE and NPM are used as the proxy for profitability and the number of lines in sustainability report as the proxy for CSR disclosure.  We find that there is no link between profitability and CSR disclosure and that profitability is not the main reason for company to publish CSR report.  This study is limited to companies listed in Kompas100 index.  The findings of this study can give insights to the managers and investors that there is no link between profitability and CSR disclosur

Pengaruh Kinerja Dan Risiko Reksadana Terhadap Jumlah Asset Under Manajemen Dan Unit Penyertaan

The aim of this study was to conduct an analysis of the performance of stock mutual funds in Indonesia as well as to assess whether there is influence between the performance of mutual funds with AUM change and IUÂ of mutual funds. Analysis of the performance of mutual funds is done by using Sharpe's Ratio. The performance is then compared to its benchmark which JCI and EFI Â . Furthermore, the authors use regression analysis to derive the relationship between the independent and dependent variables as well as the use of risk as a moderator variable.The results showed only 3 stock mutual fund products that is able to beat the performance of JCI and 9 stock mutual fund products are capable of beating EFI as a benchmark. Meanwhile there are significant between the performance (Sharpe 's Ratio), Risk, AUM1) and IU but not so significant. This shows there are other contributing variables outside the model study that affect the relationship. Assets Under Management; Investment Units;Â Composite Stock Price Index;Â Equity Index Fun

ANALISIS MODEL CAPM DALAM MEMPREDIKSI TINGKAT RETURN SAHAM SYARIAH DAN KONVENSIONAL (Studi kasus Saham di Bursa Efek Indonesia)

This research is to recognize the accuracy of CAPM models in predicting the stock return of rural stocks and conventional stock at Jakarta Islamic Index and Indonesian Stock Exchange. Variable of this research are JII and LQ45 stock return, Beta, Risk free, and Market return. The accuracy of CAPM models is measured by standart deviation and t test. The population of this research is all monthly stock return JII and LQ45 already go public at Indonesian Stock Exchange. Whereas the sample used is the monthly stock return of 11 JII companies and 13 LQ45 companies during 2007 – 2012. The result of this research showes that the CAPM model is accurate in predicting the stock return JII and LQ45.Keywords: LQ45. JII, Stock Return, Beta, Risk free, Market return, and CAP

THE IMPACT OF DEBT FINANCING AND EQUITY FINANCING ON PROFIT EXPENSE RATIO OF ISLAMIC BANKS IN INDONESIA

The purpose of this study is to determine whether Equity Financing and DebtFinancing partially and simultaneously have an impact on Profit Expense Ratio, alsohow the partial effect of each financing systems affect Profit Expense Ratio. Thisresearch is causal research, also called explanatory research is the investigation of(research into) cause-and-effect relationships. The number of taken samples is two, suchas PT. Bank Muamalat Indonesia (BMI) and PT. Bank Syariah Mandiri (BSM). Thedata used in this research are secondary data from published financial statements ofBMI and BSM. The data analysis technique used is linear regression. The results of dataanalysis in this research is partially contained direct or positive relationship betweenDebt Financing and Equity Financing on Profit Expense Ratio. While the effects ofDebt Financing and Equity Financing as the independent variables (X) simultaneouslyaffect Profit Expense Ratio as the dependent variable (Y) on Islamic banks, it meansthat Debt Financing and Equity Financing simultaneously have significant impacts onProfit Expense Ratio of Islamic banks. The obtained value of coefficient ofdetermination (R2) is 0.516 or 51.6%. It means that the variation of these independentvariables, namely Debt Financing and Debt Financing, contribute effects on ProfitExpense Ratio of Islamic Banks. In accordance with the analysis result of this research,it can be seen that Equity Financing is dominant in affecting Profit Expense Ratio ofIslamic Banks compared to Debt Financing. The researcher suggests management ofIslamic banks to prioritize Equity Financing system, especially Musharaka, because thesaid financing system is the most appropriate with Islamic law to apply to muslims.Keywords : Debt Financing, Equity Financing, Profit Expense Rati

Effect of Company Performance on Earing per Share with Dividend Payout Ratio as Intervening Variable in LQ 45 Companies

The purpose of this study is to look at the effect of company performance on Earning per share with dividend payout ratio as an intervening variable in LQ 45 companies. Company performance is seen from the current ratio, debt to equity, total asset turnover and return on equity. This study uses path analysis techniques. The research data used is the period from 2013-2017. The results showed that not all company performance had a significant positive direct effect on Earning per share in companies LQ 45 during the period 2013-2017 listed on the Indonesia Stock Exchange

Pengaruh Kinerja Keuangan Perusahaan terhadap Return Saham pada Perusahaan Sektor Makanan dan Minuman di PT Bursa Efek Indonesia

This research is conducted to obtain the influence financial performance indicators; Return On Equity, Debt to Equity Ratio, Dividend Payout Ratio, Return On Assets, and Earning Per Share to the stock return of foods and beverage sector at Indonesian Stock Exchange..The sample used in this research is purposive sampling. There have been 15 samples taken from companies listing in Indonesia Stock Exchange. The data used in this study are secondary collected from financial statements.By using 95% of confidence level, it was found that Return On Equity, Debt to Equity Ratio, Dividend Payout Ratio, Return On Assets, and Earning Per Share significantly affect stock return. For further research, it is axpected to add some new variables effecting stock return

PENGARUH PROFITABILITAS, UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI

This research ains to test the influence of profitability, firm size on firm value with capital structure as an intervening variable. Analysis of data were did in the manufacturing companies listed on the Indonesia Stock Exchange during the period 2011-2016. The data analyzed by using multiple linear regression method. The result showed that profitability has negative and significant on capital structure, firm size has negative and significant on capital structure, profitability do not influenced on firm value, firm size do not influenced on firm value, capital structure do not influenced on firm value. Meanwhile the capital stucture can not mediate the relationship between profitability and firm size against firm value. Keywords : profitability, firm size, firm value and capital structur

Faktor-Faktor yang Mempengaruhi Struktur Modal pada Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia

The purpose of this research is to investigate the factors (i.e profitability, free cash flow, business risk and liquidity) effecting the capital structure companies in  mining sector listed in Indonesian Stock Exchange.The population of mining sector is 30 companie. Due to data availability only13 companies are selected as a sample. Using multiple regression method, data are analized and interpreted. The result shows that simultaneously profitability, free cash flow, business risk and liquidity have significant effect on the capital structure. Partially, free cash flow, business risk and liquidity have significant effect on capital structure,while profitability does not. The model is able to explain the variability of dependent variable as much as 13,7% whereas the remaining 86,3% can be explained by other factors which is not included in the model

THE TRADING FACTORS, RISK BASED FACTOR AND FIRM CHARACTERISTICS AS DETERMINANTS OF LQ45 FIRM STOCK RETURNS LISTED IN INDONESIA STOCK EXCHANGE

This research aims to analyze whether trading factors, risk based factor and firm characteristics influence LQ45 firm stock returns that are listed in Indonesia Stock Exchange. This research use sample of LQ45 firms in Indonesia Stock Exchange. The data chosen is time series from 2013-2016. The variable used in this research consist of dependent and independent variables. Dependent variable in this research is firm stock returns and the independent variables are trading volume, bid-ask spread, beta, firm size and market to book value (MBV). This research use multiple regression analysis using software SPSS 23 to analyze the relation of independent variables to dependent variable. As the result, out of 5 independent variables there are 4 independent variables that positively and significantly influence firm stock return. They are consist of trading volume, bid-ask spread, beta and market to book value (MBV). Meanwhile firm size doesn’t influence firm stock returns significantly. Keywords : stock return, trading volume, bid-ask spread, beta, firm size, mb