Instability Of The Stock Return On Food And Baverage Companies Listed In Indonesia Stock Exchange
DOI:
https://doi.org/10.31150/ajebm.Vol2.Iss1.44Keywords:
stock returns, market value added, return on assetsAbstract
Investors always have high hopes for stock returns, but that is sometimes beyond expectations so investors must be careful in buying shares. The purpose of this study is to provide information to investors about what factors influence stock returns, with this notification, investor expectations of stock returns are met. The population used in the study is a manufacturing company listed on the IDX. The population technique used was purposive sampling. The analysis begins with the classic assumption test and the estimated panel data model, and continues with the t-test and F-test as well as the determination test. The results obtained are to meet the expectations of investors on stock returns is to increase the market value added ratio and return on assets ratio
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References
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Ariyanti, A. I. (2016). Pengaruh CR , TATO , NPM DAN ROA Terhadap Return Saham. Jurnal Ilmu Dan Riset Manajemen, 5(April).
Arslan, M., & Zaman, R. (2014). Impact of Dividend Yield and Price Earnings Ratio on Stock Returns: A Study Non-Financial listed Firms of Pakistan. International Journal of Finance and Accounting, 5(19), 2222–2847.
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Lukman Syamsuddin. (2007). Konsep Aplikasi dalam Perencanaan, Pengawasan, dan Pengambilan Keputusan. Manajemen Keuangan Perusahaan.
Mahmudah, U. (2016). Pengaruh ROA , FIRM SIZE dan NPM Terhadap Return Saham Pada Perusahaan Semen. Jurnal Ilmu Dan Riset Manajemen, 5, 1–15.
Mathilda, M. (2012). Pengaruh Price Earnings Ratio dan Price to Book Value terhadap Return Saham Indeks LQ 45. Jurnal Akuntansi, 4(1), 1–21.
Menaje, P. M. (2012). Impact of Selected Financial Variables on Share Price of Publicly Listed Firms in the Philippines. American International Journal of Contemporary Research, 2(9), 98–104.
Mohammed, Y. (2013). The Effect of Return on Assets (ROA) on CEO Compensation System in TSX/S&P and NYSE Indexes Companies. International Journal of Scientific & Engineering Research, 4(2), 2–5.
Munawir. (2014). Analisa Laporan Keuangan.
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Öztürk, H. (2017). The Relationship Between Earnings-to-Price, Current Ratio, Profit Margin and Return: An Empirical Analysis on Istanbul Stock Exchange. International Journal of Accounting and Finance Research, 7(1), 109. https://doi.org/10.5430/afr.v7n1p109
Petcharabul, P., & Romprasert, S. (2014). Technology Industry on Financial Ratios and Stock Returns. International Journal of Business and Economics USA, 5(5), 739–746. https://doi.org/10.15341/jbe(2155-7950)/05.05.2014/012
Pik Har, W., & Afif. Abdul Ghafar, M. (2015). The Impact of Accounting Earnings on Stock Returns: The Case of Malaysia’s Plantation Industry. International Journal of Business and Management, 10(4), 155–165. https://doi.org/10.5539/ijbm.v10n4p155
Risdiyanto, & Suhermin. (2016). Pengaruh ROI, EPS, dan PER Terhadap Return Saham pada Perusahaan Farmasi. Jurnal Ilmu Dan Riset Manajemen, 5(7), 0–15.
Rudianto, D. (2015). Comparison of Financial Performance and Stock Price Before and After Ex - Dividend Listed Companies in Indonesia. International Journal of Economics and Social Research, 11(1), 185–196.
Salamat, W. A. Al, & Mustafa, H. H. H. (2016). The Impact of Capital Structure on Stock Return : Empirical Evidence from Amman Stock Exchange. International Journal of Business and Social Science, 7(9), 183–196. Retrieved from http://ijbssnet.com/journals/Vol_7_No_9_September_2016/19.pdf
Shamsudin, N., Mahmood, W. M. W., & Ismail, F. (2013). The Performance of Stock and the Indicators. International Journal of Trade, Economics and Finance, 4(6), 409–413. https://doi.org/10.7763/IJTEF.2013.V4.327
Sugiyono. (2012). Metode Penelitian Kuantitatif Kualitatif dan R&D. (Alfabeta, Ed.). Bandung.
Syamsuddin, L. (2007). Manajemen Keuangan Perusahaan: Konsep Aplikasi dalam Perencanaan, Pengawasan, dan pengambilan Keputusan (Baru). Jakarta: PT. RAJAGRAFINDO PERSADA.
Wiagustini, N. L. P. (2010). Dasar – Dasar Manajemen Keuangan (Edisi Pert). Bali.
Young, David S. & O Byrne, S. F. (2001). EVA & MANAJEMEN BERDASARKAN NILAI.
Agave, B., Efrani, M., & Rosmalena, S. (2018). Effect of financial performance of banking companies to stock return. International Journal of Accounting and Finance Research, 2(03), 377–394.
Alexander, N., & Destriana, N. (2013). Pengaruh Kinerja Keuangan Terhadap Return Saham. Jurnal Bisnis Dan Akuntansi, 15(2), 123–132. https://doi.org/ISSN: 1410 - 9875
Alexandri, M. B. (2008). Manajemen Keuangan Bisnis. Bandung.
Ang, R. (2007). Buku Pintar Pasar Modal Indonesia (The Intelligent Guide To Indonesian Capital Market) (Pertama). Jakarta: Mediasoft Indonesia.
Ang, R. (2009). Buku Pintar Pasar Modal Indonesia. Jakarta: Mediasoft.
Anwaar, M. (2016). Impact of Firms’ Performance on Stock Returns (Evidence from Listed Companies of Ftse-100 Index London, UK). Global Journal of Management and Business Research, 16(1).
Ariyanti, A. I. (2016). Pengaruh CR , TATO , NPM DAN ROA Terhadap Return Saham. Jurnal Ilmu Dan Riset Manajemen, 5(April).
Arslan, M., & Zaman, R. (2014). Impact of Dividend Yield and Price Earnings Ratio on Stock Returns: A Study Non-Financial listed Firms of Pakistan. International Journal of Finance and Accounting, 5(19), 2222–2847.
Bastian, I. dan S. (2006). Akuntansi Perbankan (Edisi Empa). Jakarta.
Brigham dan Houston. (2010). No Title (Edisi 11). Jakarta: Salemba Empat.
Corrado, C. J., dan B. D. J. (2000). Fundamentals of Investment Analysis. Singapore: Mc Graw-Hill.
Devi dan Putu. (2012). No Title. Faktor-Faktor Yang Berpengaruh Terhadap Struktur Modal Pada Perusahaan Foods and Beverage Yang Terdaftar Di Bursa Efek Indonesia, 2.
Dewi, C. K., & H, R. M. (2018). The Effect of Internal Factor and External Factor towards Beta and Stocks Returns in the Real Estate Company in Indonesia Stock Exchange. Mulawarman International Conference on Economics and Business (MICEB), 35(Miceb 2017), 226–235.
Dharmastuti, C. F. (2004). Analisis Pengaruh Earning per Share, Price Earning Ratio, Return on Investment, Debt to Equity Ratio dan Net Profit Margin dalam Menetapkan Harga Saham Perdana (Studi Pada Perusahaan yang Terdaftar di Bursa Efek Jakarta, 1(2), 14.
Dwiyanti, Y. (2008). an Analysis of Influence Publication Financial Yearly. JMK, 6(2), 101–114.
Fahmi, I. (2014). Analisis Laporan Keuangan. Bandung.
Hamdan, A. M. M., Al-Hayale, T., & Aboagela, E. M. (2012). The Impact of Audit Committee Characteristics on Earnings Management: Additional Evidence from Jordan. International Journal SSRN Electronic, 9(1), 32–42. https://doi.org/10.2139/ssrn.2130354
Haruman, Tendi, dkk. (2005). Pengaruh Faktor Fundamental dan Risiko Sistematis terhadap Tingkat Pengembalian Saham BEJ. Jurnal Usahawan, (11), 26–37.
Heikal, M., Khaddafi, M., & Ummah, A. (2014). Influence Analysis of Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin (NPM), Debt To Equity Ratio (DER), and current ratio (CR), Against Corporate Profit Growth In Automotive In Indonesia Stock Exchange. International Journal of Academic Research in Business and Social Sciences, 4(12), 101–114. https://doi.org/10.6007/IJARBSS/v4-i12/1331
Hermawan, D. A. (2012). Pengaruh Debt To Equity Ratio, Earning Per Share Dan Net Profit Margin Terhadap Return Saham. Management Analysis Journal, 1(5), 1–7.
Ikbar, M. M., & Dewi, A. S. (2015). The Analysis of Effect of Economic Value Added ( EVA ) and Market Value Added ( MVA ) on Share Price of Subsector Companies of Property Incorporated in LQ45 Indonesia Stock Exchange in Period of 2009-2013. International Journal of Science and Research, 4(4), 2310–2314.
Jatmiko, D. P. (2015). The relationship between return, price to earnings ratio, price to book value ratio, size and beta in different data period. International Journal Investment Management and Financial Innovations, 12(1), 47–59.
Jogiyanto. (2008). Teori Portofolio dan Analisis Investasi (Kelima). Yogyakarta: BPFE.
Kasmir. (2008). Bank dan Lembaga Keuangan Lainnya. Jakarta: PT. RAJAGRAFINDO PERSADA.
Khan, M. (2009). Price Earning Ratio and Market to Book Ratio. International Journal of Sciences and Humanities, 7(39922), 0–29.
Kristiana dan Sriwidodo. (2012). Analisis Faktor-faktor yang Mempengaruhi Return Saham Investor pada Perusahaan Manufaktur di BEI.
Kumar, M. K. K., & Subramanyam, D. D. A. R. (2017). Shareholders’ Value Analysis: Eva & Mva In Relation To Stock Market Returns With Reference To the Indian Cement Industry. International Journal of Economics and Finance, 08(03), 15–19. https://doi.org/10.9790/5933-0803031519
Lukman Syamsuddin. (2007). Konsep Aplikasi dalam Perencanaan, Pengawasan, dan Pengambilan Keputusan. Manajemen Keuangan Perusahaan.
Mahmudah, U. (2016). Pengaruh ROA , FIRM SIZE dan NPM Terhadap Return Saham Pada Perusahaan Semen. Jurnal Ilmu Dan Riset Manajemen, 5, 1–15.
Mathilda, M. (2012). Pengaruh Price Earnings Ratio dan Price to Book Value terhadap Return Saham Indeks LQ 45. Jurnal Akuntansi, 4(1), 1–21.
Menaje, P. M. (2012). Impact of Selected Financial Variables on Share Price of Publicly Listed Firms in the Philippines. American International Journal of Contemporary Research, 2(9), 98–104.
Mohammed, Y. (2013). The Effect of Return on Assets (ROA) on CEO Compensation System in TSX/S&P and NYSE Indexes Companies. International Journal of Scientific & Engineering Research, 4(2), 2–5.
Munawir. (2014). Analisa Laporan Keuangan.
Nakhaei, H. (2016). Market value added and traditional accounting criteria : Which measure is a best predictor of stock return in. Iranian Journal of Management Studies, 9(2), 433–455.
Öztürk, H. (2017). The Relationship Between Earnings-to-Price, Current Ratio, Profit Margin and Return: An Empirical Analysis on Istanbul Stock Exchange. International Journal of Accounting and Finance Research, 7(1), 109. https://doi.org/10.5430/afr.v7n1p109
Petcharabul, P., & Romprasert, S. (2014). Technology Industry on Financial Ratios and Stock Returns. International Journal of Business and Economics USA, 5(5), 739–746. https://doi.org/10.15341/jbe(2155-7950)/05.05.2014/012
Pik Har, W., & Afif. Abdul Ghafar, M. (2015). The Impact of Accounting Earnings on Stock Returns: The Case of Malaysia’s Plantation Industry. International Journal of Business and Management, 10(4), 155–165. https://doi.org/10.5539/ijbm.v10n4p155
Risdiyanto, & Suhermin. (2016). Pengaruh ROI, EPS, dan PER Terhadap Return Saham pada Perusahaan Farmasi. Jurnal Ilmu Dan Riset Manajemen, 5(7), 0–15.
Rudianto, D. (2015). Comparison of Financial Performance and Stock Price Before and After Ex - Dividend Listed Companies in Indonesia. International Journal of Economics and Social Research, 11(1), 185–196.
Salamat, W. A. Al, & Mustafa, H. H. H. (2016). The Impact of Capital Structure on Stock Return : Empirical Evidence from Amman Stock Exchange. International Journal of Business and Social Science, 7(9), 183–196. Retrieved from http://ijbssnet.com/journals/Vol_7_No_9_September_2016/19.pdf
Shamsudin, N., Mahmood, W. M. W., & Ismail, F. (2013). The Performance of Stock and the Indicators. International Journal of Trade, Economics and Finance, 4(6), 409–413. https://doi.org/10.7763/IJTEF.2013.V4.327
Sugiyono. (2012). Metode Penelitian Kuantitatif Kualitatif dan R&D. (Alfabeta, Ed.). Bandung.
Syamsuddin, L. (2007). Manajemen Keuangan Perusahaan: Konsep Aplikasi dalam Perencanaan, Pengawasan, dan pengambilan Keputusan (Baru). Jakarta: PT. RAJAGRAFINDO PERSADA.
Wiagustini, N. L. P. (2010). Dasar – Dasar Manajemen Keuangan (Edisi Pert). Bali.
Young, David S. & O Byrne, S. F. (2001). EVA & MANAJEMEN BERDASARKAN NILAI.
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Published
2019-03-09
How to Cite
Sriyono, S., Febriangga, A., Velasari, N., & Fediyanto, N. (2019). Instability Of The Stock Return On Food And Baverage Companies Listed In Indonesia Stock Exchange. American Journal of Economics and Business Management, 2(1), 50–60. https://doi.org/10.31150/ajebm.Vol2.Iss1.44
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