Prediction Guidelines for Perfomance Using Springate Model and Influence on Stock Return Property &amp; Real Estate and Food &amp; Beverage Sectors Listed on Indonesia Stock Exchange

Septi Ruswanti ,S T M T Taufiqur Rahman

doi:10.32861/jssr.spi2.110.116

Abstract

This research is a continuation of previous research and funded by Indonesian Ministry of Research and Technology. This study aims to create performance model guidance by predicting performance with Springate model with the basis of business strategy identification selected by companies in two sectors.The amount of data processed by food and beverage sector are 104 from 11 companies and 315 data from 37 companies in property and real estate sector. Business strategies chosen by firms in both sectors have an effect on performance achievement. The result shows that only net profit before interest and tax to total asset in food and beverage sector have a significant effect to stock return but firm in property and real estate all have an insignificant effect. In Food and Beverage sector, working capital to total asset, net profit before interest and tax to total asset, net profit before tax to current liabilities and sales to total asset have no significant effect to stock return, but have significant effect on property and real estate sector. Coefficient of springate affect to stock return on both sector.

Highlights

Defense budget and economy are two variables that mutually reciprocal
Defense spending not depress economic growth and the traditional threat did not leave a negative effect on growth
With the mutual relations, increasing the defense budget influenced by improving the economy, and the economic improvement is affected by the safe atmosphere of business

Summary

Introduction

Defense budget and economy are two variables that mutually reciprocal. Without defense it would appear threat, so the economy can not run properly. Defense budget can only be improved if the national income increasing. The budget for national defense is one of the important government's policy. There are two arguments for the impact of defense spending. The relation of government spending on defense with economic has been studied with a wide range of economic model, but the result is still contradictory for certain, whether military spending support or depress the economy. This study will analyze the influence of government spending on defense to national economics toward economic growth. The results will be analyzed and could be developed for better national defense planning policy

Methods

Results

Conclusion