GAMBARAN LEVERAGE DAN RETURN SAHAM PERUSAHAAN SUBSEKTOR SEMEN YANG TERDAFTAR DI BEI PERIODE 2012-2016
Abstract
Purpose - The purpose of this study is to obtain an overview of leverage and stock return.
Design / methodology / approach - The design of this study is time series design. This research uses descriptive approach with explanatory survey method. Sample in this research are income statement of cement subsector companies which listed on IDX 2012-2016 period. The analysis technique used is descriptive technique by using leverage and stock return calculation formulas.
Findings - Based on the results of the study using descriptive analysis, the results indices that leverage of cement subsector companies which listed on IDX 2012-2016 period are decrease and stock return of cement subsector companies which listed on IDX 2012-2016 period are fluctuative.
Originality / value - This research provides a basic for understanding issues of leverage and stock return. The difference of this research with the previous research is located on the object this research object are cement subsector companies which listed on IDX 2012-2016 period and using theory or reference different from previous researchers.Keywords
Full Text:
PDFReferences
Bahreini, V., Baghbani, M., & Bahreini, R. (2013). Analysis between financial leverage with the stock price and the operational performance of the accepted companies in Tehran ’ s stock market, 2(3), 25–34.
Biger, N., & Academic, C. (2013). Earnings Management , Firm Performance , and the Value of Indian Manufacturing Firms Earnings Management , Firm Performance , and the. Finance, 2.
Brigham, Eugene F, & Houston, J. J. (2009). Dasar-Dasar Manajemen Keuangan. (A. A. Yulianto, Ed.) (Kesepuluh). Jakarta: Salemba Empat.
Al-Wugayan, Adel dan Larry P. Pleshko. 2010. A Study of Satisfaction, Loyalty, and Market Share in Kuwait Banks. (2010), 10(December 2003), 2–7.
Fajriati, B. (2017). Analisis Faktor-Faktor yang Mempengaruhi Struktur Modal dan Pengaruh Struktur Modal terhadap Return Saham. Warta Ekonomi, 7(17), 1–19.
Gunawan, K., Darmawan, A. S., & Dkk. (2015). PENGARUH UKURAN PERUSAHAAN, PROFITABILITAS, DAN LEVERAGE TERHADAP MANAJEMEN LABA PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI). Accounting, Finance and Management Sciences, 3(1), 234–245.
Lesmana, B., & Andriani, E. (2010). Faktor-faktor yang Mempengaruhi Manajemen Laba pada Perusahaan - perusahaan di Bursa Efek Jakarta. Akuntansii & Investasi, 6(1), 187–205.
Maholtra, K. N. (2010). Marketing Reseach: An Applied Orientation Sixth Ed Pearson Education (Sixth edit). Pearson Education.
Marlina, D., & Sari, E. N. (2009). PENGARUH RASIO PROFITABILITAS DAN LEVERAGE TERHADAP RETURN SAHAM (STUDI EMPIRIS PERUSAHAAN MANUFAKTUR DI BEI). Jurnal Riset Akuntansi Dan Bisnis, 9(1), 80–105.
Martinez, L. A., & Galdi, C. F. (2012). The Effect Of Leverage On Earning Management. Accounting Review, 39(4), 305–324.
Mcvay, S. (2006). Earning Management Using Classification Shifting: An Examination of core earning and special item. The Accounting Review, 81(3), 501–531.
Prasetyaningrum, M., Akuntansi, M., Ekonomi, F., & Maret, U. S. (2014). Profitabilitas Dan Return Saham : Peran Moderasi, XVII(1), 111–134.
Saleh, M. (2015). Relationship between Firm ’ s Financial Performance and Stock Returns : Evidence from Oil and Gas Sector Pakistan, 5(10), 27–32.
Sosiawan, S. Y. (2015). Pengaruh Leverage, Ukuran Perusahaan dan Earning Power Terhadap Manajemen Laba. Akuntansi & Bisnis, 2(1), 79–89.
Surachim, A., Kussuma, P., & Tanuatmodjo, H. (n.d.). Dampak tingkat profitabilitas dan nilai pasar pada pergerakan harga saham pt. prasidha aneka niaga tbk. Strategic, 11(19), 1–7.
Sutrisno. (2007). Manajemen Keuangan. Yogyakarta: Ekonesia.
Usman, Y. (2004). ANALISIS PENGARUH EVA,MVA DAN KINERJA KEUANGAN KONVENSIONAL TERHADAP RETURN SAHAM DI BURSA EFEK JAKARTA Diponegoro. Yogyakarta.
Wanjala, B. J. (2012). Effect of Leverage on Stock Return: Evidence From Nairobi Securities Exchange.
Zhang, Z. (2015). Financial Ratios and Stock Returns on China ’ s Growth Enterprise Market, 6(3), 135–142. https://doi.org/10.5430/ijfr.v6n3p135
DOI: https://doi.org/10.17509/jbme.v3i2.14213
Refbacks
- There are currently no refbacks.
![Creative Commons License](http://licensebuttons.net/l/by-nc-nd/4.0/88x31.png)
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Journal of Business Management Education (JBME)is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License
View My Stats