Stock Returns Of Companies Research Articles

DETERMINAN RASIO KEUANGAN TERHADAP RETURN SAHAM PADA PERUSAHAAN YANG TERDAFTAR DI LQ 45 PERIODE 2017-2021

The aim of this research is to find the determination of the Current Ratio (CR), Debt to Assets Ratio (DAR) and Return on Assets Ratio (ROA) on stock returns in companies included in the LQ45 list for the 2017-2021 period. The research sample was 21 companies with the following criteria: Companies that are consistently in the LQ45 index for the 2017-2021 period and have complete financial reports, excluding companies in the financial sector. Purposive sampling technique is used in the sampling technique. The analytical method used in this research is multiple linear regression with a significance level of 5%. The F test results of this research state that simultaneously they have a significant effect on stock returns. The results of the t test state that the Current Ratio and Debt to Assets Ratio have a significant negative effect on stock returns, while Return on Assets has no significant effect on the company's stock returns.

Analisis Pengaruh Komisaris Independen, Kualitas Audit dan Return on Assets terhadap Return Saham Perusahaan

This study aims to investigate the impact of Independent Commissioners, Audit Quality, and Return On Assets on the Stock Returns of companies operating in the Energy, Raw Materials, and Industrial sectors listed on the Indonesia Stock Exchange for the years 2019-2020. The Independent Commissioners and Return On Assets variables are quantified in percentages, while Audit Quality is assessed based on the number of partners in public accounting firms. The dependent variable, Stock Returns, is calculated as a percentage. The research focuses on several companies across these three sectors, and a sample of 211 listed companies was chosen using purposive sampling. The study employed multiple linear regression analysis for hypothesis testing and found that Independent Commissioners, Audit Quality, and Return On Assets significantly affect Stock Returns. These results can offer valuable insights for company management and shareholders, providing mutually beneficial information. Future research could consider incorporating additional variables, such as Leverage, Return On Equity, Audit Fees, and Earnings Management.

Determinants of stock returns in property and real estate companies listed on the Indonesia Stock Exchange

Purpose — This study aims to investigate the influence of macroeconomic factors, including economic growth, inflation, the rupiah exchange rate, and interest rates, as well as corporate financial performance indicators such as leverage and profitability, on the stock returns of Indonesian Property and Real Estate Sub-Sector companies.Method — The research data consists of annual data obtained from the Indonesia Stock Exchange, the Indonesia Central Bureau of Statistics, and Bank Indonesia for the period from 2017 to 2021. The research population comprises 36 Property and Real Estate companies listed on the Indonesia Stock Exchange. Out of these, 28 companies meet the sample requirements. The analysis employs panel data regression to examine the data.Result — The results indicate that inflation and exchange rates have a negative and statistically significant impact on stock returns. On the other hand, economic growth, interest rates, return on equity, and the debt-to-equity ratio exhibit a positive influence on stock returns, although these effects are not statistically significant.Contribution — This study's distinctive contribution is its focused analysis of the Property and Real Estate Sub-Sector in Indonesia. It stands out by exploring the intricate relationship between macroeconomic factors and financial performance variables concerning the stock returns of companies within this sub-sector. This nuanced approach provides valuable insights into a specific industry within the Indonesian market, shedding light on previously unexplored dynamics and contributing to a deeper understanding of how these factors affect stock returns in this context.

Ownership Structure Effect on the Stock Returns for Companies Listed in Palestine Exchange

This study aimed at identifying the impact of the ownership structure on the stock returns of the public companies listed in the Palestine Stock Exchange. In order to achieve this goal, panel data for the period from 2009 to 2019 was collected from the financial reports of the 46 public companies listed in the Palestine Stock Exchange. In this study, the fixed-effect method was used in the analysis of the study's panel data. The results of the study showed a positive effect of the ownership of major shareholders on equity returns and a negative effect of the ownership of board members on equity returns. Furthermore, the study found no significant effect of institutional ownership, foreign ownership or executive-management ownership on equity returns. In light of the study's findings, the study made several recommendations to investors, legislators and board members regarding the ownership structure and stock returns.

Sustainability Reporting dan Return Saham pada Perusahaan Terindeks IDXQ30

The issuance of POJK NO.51/POJK.03/2017 resulted in companies having an obligation to prepare sustainability reporting. This research aims to determine the effect of sustainability reporting on stock returns of companies indexed by IDXQ30 in 2020-2021. The analytical method used is multiple linear regression analysis with a sample size of 46. In this research, the company's sustainability reporting is measured by the sustainability reporting disclosure index which refers to the GRI Standards. This research includes control variables for profitability, solvency and company size which aim to increase the statistical power of this research. The results of this research show that sustainability reporting has no effect on stock returns. Sustainability reporting is not yet information that has economic value for investors, so the information in sustainability reporting has not been used as a consideration in investing.
 Keywords: Sustainability reporting, GRI Standards, stock returns, IDXQ30
 
 
 

Influence of Liquidity Ratio, Solvency Ratio, Profitability Ratio, Market Value Ratio, and Total Asset on Stock Return in Companies Listed in the Indonesia Stock Exchange JII Index 2016-2021

Influence of Liquidity Ratio, Solvency Ratio, Profitability Ratio, Market Value Ratio, and Total Asset on Stock Return in Companies Listed in the Indonesia Stock Exchange JII Index 2016-2021

Risk spillovers of critical metals firms

We study risk transmission among stock returns of companies involved in the production and distribution of critical metals, in the sectors of copper, lithium, nickel, and cobalt. The four sectors are fundamental to achieve the energy transition. Our analysis of connectedness is carried out for each sector, separately, and then, by the means of principal components analysis and dynamic connectedness statistics, we compute risk spillovers between sectors. Our findings depict a very heterogeneous dynamics across sectors: we estimate a high level of connectedness in copper and lithium and a considerably lower one in cobalt and nickel. In the case of lithium, greater risk spillovers are closely linked with periods of explosive dynamics in the price of the raw material. In terms of system connectedness among all sectors, we estimate a total connectedness index of 51.8%, which is high. As expected, we identify copper and nickel sectors as the main shock transmitters. The existence of a high level of risk connectedness between stock returns of firms dedicated to the production and distribution of critical metals increases the likelihood of financial contagion and systemic risk materialization, in times of market distress. This could jeopardize the development and mass access to critical metals, and therefore, put at risk the energy transition. Our results provide a new dimension to the criticality of lithium and copper, highlighting their financial criticality.

Spatial GARCH models for unknown spatial locations – an application to financial stock returns

ABSTRACT Spatial GARCH models, like all other spatial econometric models, require the definition of a suitable weight matrix. This matrix implies a certain structure for spatial interactions. GARCH-type models are often applied to financial data because the conditional variance, which can be translated as financial risks, is easy to interpret. However, when it comes to instantaneous/spatial interactions, the proximity between observations has to be determined. Thus, we introduce an estimation procedure for spatial GARCH models under unknown locations employing the proximity in a covariate space. We use one-year stock returns of companies listed in the Dow Jones Global Titans 50 index as an empirical illustration. Financial stability is most relevant for determining similar firms concerning stock return volatility.

Climate change and stock returns in the european market: An environmental intensity approach

Climate change has become a risk that companies, governments and stakeholders must consider. Climate risk affects everything from people's health to the performance of companies. The European Union has approved various legislations and action plans to counteract the effects of climate change in a pioneering strategy. Companies can play a critical role in mitigating climate change and creating a more sustainable future by integrating environmental considerations into their decision-making processes. However, this integration may impact their performance. This paper aims to analyse the effect of climate change on the stock returns of European companies. The study sample consists of 265 companies listed in the Stoxx 600 index between 2015 and 2021 and the methodology used is the econometric method for panel data. The results show that carbon emissions have a negative effect on the performance of companies. Oppositely, a good rating in the environmental pillar has a positive impact on returns.

Stock Returns of Pharmaceutical Companies during COVID-19

The Covid-19 pandemic has had a major impact on the share prices of companies in Indonesia, while the sector that received positive sentiment amid the Covid-19 outbreak is the Pharmaceutical Company Sector. The purpose of this study is to analyse the effect of earning per share, financial performance, and stock liquidity on stock returns during the Covid-19 pandemic (a case study on a pharmaceutical company listed on the Indonesia Stock Exchange). The method used in this study is quantitative. The source of data used in this study is secondary data. The sampling technique used in this research is the purposive sampling technique. This study indicates that return on equity has a significant effect on stock returns. Earnings per share and stock liquidity have no impact on stock returns.

How accurate is the CAPM approach compared to the Reward Beta for shares of manufacturing and mining companies in Indonesia's LQ45 Index?

This study evaluates the efficacy of the Capital Asset Pricing Model (CAPM) and Beta Reward Model in forecasting stock returns of companies within the manufacturing and mining sectors listed on Indonesia's LQ45 index. Utilizing monthly closing stock prices from January 2010 to December 2019, the research focuses on ten companies—five from each sector—that consistently appeared in the index throughout the study period. The analysis involves a classic assumption test followed by regression analysis for each company. Key performance indicators, including R-squared, Root Mean Square Error (RMSE), and Mean Absolute Error (MAE), are employed to compare the predictive capabilities of the CAPM and Beta Reward Model. The findings indicate a systematic and superior performance of the Beta Reward Model over the CAPM in predicting stock returns in the Indonesian context. This study contributes to the existing literature on stock return prediction models and provides practical insights for investors and financial analysts in Indonesia.

Stock Return of Pharmaceutical Companies in Indonesia: In Terms of Financial Performance

As is well known, the Covid-19 pandemic has impacted pharmaceutical companies in Indonesia, which have played an active role in handling these extraordinary events. This study aims to determine the effect of company financial performance in terms of profitability ratios, liquidity ratios, and solvency ratios on stock returns in pharmaceutical companies in Indonesia for the 2017-2022 period. A total of eight companies listed on the Indonesia Stock Exchange were examined according to purposive sampling criteria. Observation of data from 48 annual financial reports processed using the Eviews 12 program. The results of this study indicate that Return on Assets (ROA) and Current Assets (CR) have a positive and significant effect on firm value. Earning per Share (EPS) does not affect Stock Return. Meanwhile, the Debt to Equity Ratio significantly negatively affects stock returns.

DETERMINANTS OF STOCK RETURN IN CONSUMER NON-CYLICALS' COMPANIES LISTED ON IDX

DETERMINANTS OF STOCK RETURN IN CONSUMER NON-CYLICALS' COMPANIES LISTED ON IDX

DETERMINANTS OF STOCK RETURN IN CONSUMER NON-CYLICALS' COMPANIES LISTED ON IDX

The aims of this research was to obtain empirical evidence regarding the impact of return on equity, operating cash flow, debt-to-equity ratio, and earnings per share toward stock return in consumer non-cyclicals companies during 2018-2020 listed on Indonesia Stock Exchange. Using purposive sampling method, from 38 companies that were chosen, total sample for three years were 114 data. For data processing, Eviews 12 application is used and the technique analyzed is multiple linear regression. The result is return on equity has a positive impact toward stock return, operating cash flow has no positive impact toward stock return, earnings per share and debt-to-equity ratio have no negative impact toward stock return. The research’s implication is that company need to reduce leverage and increase profitability, because it will affect investor’s decision.

Pengaruh Likuiditas dan Profitabilitas terhadap Shareholder Returns Perusahaan Makanan dan Minuman Tercatat di Bursa Efek Indonesia

The impact of liquidity and profitability on stock earnings of food and beverage companies listed on the Indonesian Stock Exchange. The purpose of this study is to examine whether the liquidity ratio (current ratio, cash ratio) and profitability (ROA, ROE) affect the return on equity of food and beverage companies listed on the Indonesian Stock Exchange. That is. The data collection techniques used were performed using documented methods. The test used in this study is multiple linear regression used as an analytical tool, and t-test and f-test are used to test hypotheses. The results of this study suggest that the liquidity ratio has a partial positive but minor impact on stock returns. Profitability (ROA has a positive impact, but is not significant, while ROE has a large positive impact on stock returns). On the other hand, the liquidity ratio (current ratio, cash ratio) and profitability ratio (ROA, ROE) will affect the stock returns of food and beverage companies listed on the Indonesian Stock Exchange for the period 2016-2020. I won't givekeyword:Equity returns, liquidity and profitability.
 Keywords: liquidity, profitability, shareholders, Indonesian stock exchange

Pengaruh Likuditas Dan Ukuran Perusahaan Terhadap Return Saham Perusahaan Food And Beverage Yang Terdaftar di Bursa Efek Indonesia Tahun 2020-2022

The positive development of companies in the food and beverage manufacturing sub-sector is a good thing to attract investors to invest. Generally, investors look at financial performance before making a decision. The purpose of this study is to examine the impact of liquidity and company size on stock returns of food and beverage companies listed on IDX during 2020-2022. The research method used in this study is the quantitative method of multiple regression analysis. The selected population is food and beverage companies listed on IDX for 2020-2022, while using purposeful sampling to determine the sample, the criteria is the industry of food and beverage companies listed on the Indonesian Stock Exchange and audited financial reports 2020-2022 . The main source of data for this study is secondary data collected from financial reports. Using linear regression analysis, it is demonstrated that liquidity and company size have no effect on the stock returns of IDX-listed food and beverage companies in 2020-2022. Researchers advise investors to look for other metrics that can describe stock returns.

Green financial regulation and shale gas resources management

Managing shale gas resources can cause environmental, safety, and other sustainability issues. The Environment, Society, and Governance (ESG) report is seen as an important way to promote responsible natural resources management through green finance regulation. The China Petrochemical Corporation (Sinopec Group) published the first ESG report of the Chinese mainland in 2014 to highlight sustainable issues. Assessing the financial impact of this significant ESG report on shale gas companies is of interest to researchers and practitioners. This study used both the event study and bootstrap regression to analyze the impact of the ESG report on the market performance of shale-gas-related companies. The results demonstrate the heterogeneity of the impact of the ESG report on the management of shale gas resources by relevant listed companies. The report provided short-term positive returns to its issuer and potential associates. The stock returns of private companies and smaller companies are significantly negatively affected by the ESG announcement. Companies listed in Shenzhen suffer greater losses in shares after the ESG announcement than those listed in Shanghai. The ESG announcement heterogeneously affects the stock return of companies engaged in shale gas exploration, production, sale, transmission, and integrated business. The results of this paper are informative for regulating shale gas resources management through financial measures.

PENGARUH RETURN ON ASSET (ROA), RETURN ON EQUITY (ROE), DEBT TO EQUITY RATIO (DER), DAN GOOD CORPORATE GOVERNANCE (GCG) TERHADAP RETURN SAHAM PADA PERUSAHAAN MANUFAKTUR SUB SEKTOR MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PERIODE 2016 – 2020

The purpose of this study is to examine and analyze: (1) The partial effect of Return On Assets (ROA) on Stock Returns in Manufacturing Companies in the Food and Beverage Sub-Sector Listed on the Indonesia Stock Exchange (IDX) for the 2016-2020 period, (2) The effect of Partially Return On Equity (ROE) on Stock Returns in Food and Beverage Sub-Sector Manufacturing Companies Listed on the Indonesia Stock Exchange (IDX) for the 2016 – 2020 Period, (3) Partial Effects of Debt To Equity Ratio (DER) on Stock Returns in Food and Beverage Sub-Sector Manufacturing Companies Listed on the Indonesia Stock Exchange (IDX) 2016 – 2020 Period, (4) Partial Effects of Good Corporate Governance (GCG) on Stock Returns in Food and Beverage Sub-Sector Manufacturing Companies Listed on the Indonesia Stock Exchange (IDX) Period 2016 – 2020, and (5) Simultaneous Effects of ROA, ROE, DER, and GCG on Stock Returns in Manufacturing Companies in the Food and Beverage Sub-Sector g Listed on the Indonesia Stock Exchange (IDX) for the 2016 – 2020 period. Data obtained from the results of the company's financial performance questionnaire (ROA) , ROE and DER), stock returns and Good Corporate Governance (GCG) obtained on the website www.idx.co.id. and processed with data analysis techniques using the SPSS for Windows program. Based on the results of data analysis shows that: (1) Partially there is a significant effect of Return on Assets (ROA) on Stock Return of food and beverage companies listed on the Indonesia Stock Exchange (IDX). (2) Partially there is a significant effect of Return On Equity (ROE) on Stock Return of food and beverage companies listed on the Indonesia Stock Exchange (IDX). (3) Partially there is a significant effect of the Debt to Equity Ratio (DER) on the Stock Return of food and beverage companies listed on the Indonesia Stock Exchange (IDX). (4) Partially there is a significant effect of Good Corporate Governance (GCG) on the Stock Return of food and beverage companies listed on the Indonesia Stock Exchange (IDX). (5) Simultaneously there is a significant effect of ROA, ROE, DER and GCG on stock returns of food and beverage companies listed on the Indonesia Stock Exchange (IDX).

Analysis of the Effect of the COVID-19 Pandemic on Stock Return of Banking Company

This research examines the influence of COVID-19 on stock return in banking companies listed on the Indonesia Stock Exchange in 2020 between the 2nd of March and the 30th of December, 2020. To assess the effect of COVID-19, the growth of confirmed cases, the growth of death cases, the growth of recovery cases, and the new normal policy are used as independent variables, with stock returns as the dependent variable. Research method using quantitative. Sampling using probability sampling with census method. Testing data using the program EViews 12. The results reveal that, the growth in confirmed cases also the growth in death cases due to COVID-19 have a significant and negative effect on the stock returns of banking companies. The growth in COVID-19 recovery cases has a negative influence on the stock return, while the new normal policy has a positive influence on stock return of banking companies.

Analysis of the Effect of the COVID-19 Pandemic on Stock Return of Banking Company

This research examines the influence of COVID-19 on stock return in banking companies listed on the Indonesia Stock Exchange in 2020 between the 2nd of March and the 30th of December, 2020. To assess the effect of COVID-19, the growth of confirmed cases, the growth of death cases, the growth of recovery cases, and the new normal policy are used as independent variables, with stock returns as the dependent variable. Research method using quantitative. Sampling using probability sampling with census method. Testing data using the program EViews 12. The results reveal that, the growth in confirmed cases also the growth in death cases due to COVID-19 have a significant and negative effect on the stock returns of banking companies. The growth in COVID-19 recovery cases has a negative influence on the stock return, while the new normal policy has a positive influence on stock return of banking companies.