Real Estate Sub-sectors Research Articles

Effect of ROA, EPS, and NPM on the Stock Price of Property & Real Estate Sub-Sector Companies in 2009-2018


 
 
 This study was conducted to determine how much influence the ratio of ROA, EPS, and NPM to the stock price of the property and real estate sub-sector companies. The research population is property and real estate sub-sector companies listed on the Indonesia Stock Exchange in 2009-2018 as many as 34 companies. The research sample amounted to 28 companies which were taken using purposive sampling method. This research uses causal research. The data analysis technique used in this research is multiple linear regression analysis. Based on the results obtained from the study showed that: 1). ROA partially has a negative and significant effect on stock prices, 2). EPS partially has a positive and significant effect on stock prices, 3). NPM partially has no significant effect on company stock prices
 
 

INVESTIGASI FAKTOR PENENTU FINANCIAL DISTRESS

This research was conducted to investigated the factors determine of Financial Distress in Property & Real Estate Sub-Sector Companies. The sample are 11 companies was met the criteria. The analysis technique used is multiple linear regression. The results of the study show that liquidity, sales growth, and institutional ownership has no effect on financial distress. Then, leverage and profitability has a negative and significant effect on financial distress.

Pengaruh Return On Equity, Earning Per Share Dan Price Earning Ratio Terhadap Harga Saham Price Book Value

Background: In 2020, almost all companies in the property sub-sector had the impact of decreasing people's purchasing because of the spread of the COVID-19 pandemic. Since the pandemic Covid-19 in Indonesia start in March 2020, absorption and sales have fallen drastically. Since 2017 there has been decreasing in sales in the property and real estate sub-sector, followed by share prices in the Property & Real Estate sub-sector. Purpose: This study was conducted to find out empirical evidence of the effect of ROE, EPS, and PER on Stock Prices (Price Book Value) in Property and Real Estate Sub-Sector Companies listed on the Indonesia Stock Exchange. Methods: This study uses secondary data for the period 2016 – 2020 obtained from annual financial reports published on the IDX website and website (internet). Results: based on the hypothesis, multiple linear regression was used by looking at the value of the t-statistical test. Based on the results of hypothesis testing, it was found that ROE, EPS and PER have an effect on Price Book Value (PBV). Conclusion: Based on this research, the variables of ROE, EPS, and PER simultaneously have an effect on increasing the Price Book Value (PBV).

Analisis Pengaruh Debt to Equity Ratio (DER), Return on Equity (ROE) dan Nilai Perusahaan Terhadap Return Saham pada Subsektor Property dan Real Estate yang Terdaftar di Bursa Efek Indonesia Periode 2015-2019

This study aims to provide empirical evidence regarding the effect of debt to equity ratio (DER), return on equity (ROE) and Company Value on Stock returns. The population in this study is a Property and Real Estate Subsector company listed on the Indonesia Stock Exchange (IDX) for the period 2015-2019. The sampling technique uses purposive sampling which results in 30 companies to be used as samples. The type of data used is secondary data in the form of the company's annual financial statements obtained from the Indonesia Stock Exchange (IDX). The data analysis techniques used are descriptive statistics and multiple linear regression analysis. The results of the hypothesis test showed that the debt to equity ratio (DER), return on equity (ROE) and the value of the company simultaneously affected the return of the stock. Partially only the Value of the Company affects the return of the stock.

Determinant of Share Price in Property and Real Estate Subsector Companies

This research aims to determine the influence of financial performance of property and real estate sub-sector companies on the company's share price. Researchers retested because the results of previous studies were likely inconsistent. In addition, property and real estate companies that are used as research objects can be used as indicators to analyze the economic health of a country. However, based on historical performance data, property and real estate share prices fluctuate. Researchers used secondary data on the financial statements of property and real estate subsector companies registered in IDX for the period 2015-2019. The number of registered population is 64 companies but this study used sampling techniques with purposive sampling method so that only 15 companies registered and produced 75 samples for classical assumption test, multiple linear regression test, F test, t test, and determination coefficient test. The results of this study showed that the Current Ratio variable affects the share price with a significance value of 0.025. Earning per Share affects the share price with a significance value of 0.000, and Total Asset Turnover has a significant influence with a value of 0.024 to the share price. All three are also simultaneously influential. Interestingly in this study, for the direction of the hypothetical variable Current Ratio is negative so as to be contrary to the proposed hypothesis. Based on these results, it can be said that the current ratio value is not certain to indicate that the company can adequately pay off debt and avoid liquidity problems.

FINANCIAL DISTRESS PADA PERUSAHAAN PROPERTY DAN REALESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2016-2019

Financial Distress can be used as an early warning before bankruptcy so that the company's management can take quick decisions to prevent problems before the company reaches the bankruptcy phase. This study aims to determine the effect of Capital Structure, Liquidity, Inflation and Company Size on Financial Distress in Property and Real Estate Sub-Sector Companies Listed on the Indonesia Stock Exchange for the 2016-2019 Period. In this study, purposive sampling was used and obtained 33 companies with a research period of 4 years, so 132 samples were obtained. The data analysis technique in this study is quantitative analysis using descriptive statistics and logistic regression analysis methods using the SPSS IBM 25 application.
 The results of the study show that the variables of Capital Structure, Liquidity, Inflation and Firm Size simultaneously have an effect on Financial Distress. Partially, the Capital Structure and Liquidity variables have an effect on Financial Distress, while the Inflation and Firm Size variables have no effect on Financial Distress. Based on the results of this study, it is hoped that future researchers will develop other independent variables. Investors are advised to invest in companies that have a DER level below the safe limit of 50% and companies that have total assets much higher than their total debt.

Fenomena Kekuatan Laba di Masa Covid-19: Suatu Pengujian Keputusan Pembiayaan Utang dan Tindakan Penghindaran Pajak

Abstract Purpose: This study aims to determine the effect of debt financing decisions and tax avoidance actions on earnings power during the COVID-19 period. Method: The sample of this study uses the property and real estate sub-sector companies listed on the Indonesia Stock Exchange (IDX) in 2020. The sample determination uses the purposive sampling method, so that this study obtains a final sample of 33 issuers. The analytical tool used to test the hypothesis is eviews version 11. Results: This study finds that debt financing decisions and tax avoidance have a negative and significant effect on earnings power during the COVID-19 period. Limitations: This study found that debt financing decisions and tax avoidance measures can only affect profit strength during the Covid-19 period by 14,07%. This condition shows that there are other variables that can affect the phenomenon of earnings power during the Covid-19 period, but are not included in this study. In addition, this study is limited to using a final sample of 33 companies out of a total of 77 companies in the property and real estate sub-sector due to the large number of issuers who suffered losses during the COVID-19 period. Contribution: to companies belonging to the property and real estate sub-sector as a form of evaluation of low earning power that can be influenced by debt financing decisions and tax avoidance actions. In addition, this study can also be used as a reference for companies that have the potential to experience a crisis in deciding whether or not to take action to finance debt and even avoid tax. This study also seeks to fill the void of previous studies which were still limited to examining the effect of debt financing decisions and tax avoidance measures on profit strength during the Covid-19 period by involving the property and real estate sub-sectors that had the most impact on the Covid-19 condition.

PENGARUH PERENCANAAN PAJAK, STRUKTUR MODAL DAN KEPEMILIKAN MANAJERIAL TERHADAP NILAI PERUSAHAAN DENGAN TRANSPARANSI PERUSAHAAN SEBAGAI VARIABEL MODERASI

This study aims to identify and prove empirically the effect of Tax Planning, Capital Structure and Managerial Ownership on Firm Value with Corporate Transparency as a moderating variable. This type of research is quantitative approach research with explanatory research and associative methods. Samples were taken using the purposive sampling technique using Eviews 9 software for data analysis. The sample consists of 60 data from 12 property and real estate subsector manufacturing companies listed on the Indonesia Stock Exchange in 2016-2020. The results show that Tax Planning, Capital Structure and Managerial Ownership simultaneously affect the value of the company which is moderated by corporate transparency, tax planning has no effect on firm value, the capital structure does not affect firm value, managerial ownership does not affect firm value, and corporate transparency does not. effect on firm value, corporate transparency is unable to moderate the relationship between tax planning and firm value, corporate transparency is unable to moderate the relationship between capital structure and firm value, and corporate transparency is unable to moderate the relationship between managerial ownership and firm value.

Approach to Prioritizing the Commercial Real Estate Development Risk

After 30 years of war in Sri Lanka, the demand for real estate has increased tremendously across the nation. Similarly, numerous real estate sub-sectors have avidly participated in the worldwide boom. However, with failures and poor functioning of many investment projects, the industry's risk management reputation has been put in jeopardy, followed by the coronavirus (COVID-19). Though it is less popular among Sri Lankan property developers, risk management strategies in development projects have become a pressing requirement. This paper's goal is to look at commercial property development risk elements from the perspective of a real estate developer in relation to Social, Economic, Environmental, Technological, Political, and Pandemic Risks. The research first evaluates risk variables using a super decision software model based on the Analytic Hierarchy Process (AHP), then prioritizes the most important risk factors, and lastly examines effective risk management measures for successful real estate developments. The data collection has been carried out using interviews through telephone conversations with the help of a structured questionnaire. Accordingly, 35 risk factors have been assessed altogether. For the three projects, the synthesized values were 1.0000, 0.510763, and 0.604037, respectively. Based on the analysis of superMatrix calculation, project A is regarded as the best alternative project in such circumstances. Pandemic Risk, Economic Risk, and Political Risk have all had a significant impact on the primary risk criteria. Therefore, COVID-19 Pandemic Risk Emergence, Workforce Availability, Duration, Delays in Council Approval/License Approval Process and Natural Disaster Impact were identified as the highest influenced sub-risk factors. Identifying the risk factors on this avenue will also help in making better investment decisions while increasing the unpredictable nature of the real estate field and future satisfaction of loan team investment goals within the country.

Economic Growth As A Moderating Variable In Firm Value Determination : Evidence From Property and Real Estate Sub Sector Companies Listed on IDX

This study aims to analyze economic growth as a moderating variable in firm value determination of the property and real estate sub-sector companies listed on the IDX. The independent variables used in this study are Return on Assets (ROA), Long Term Debt to Assets Ratio (LTDAR), Dividend Payout Ratio (DPR), and Sales Volume. Firm value in this study is proxied by Market Value Added (MVA). This study uses a quantitative approach and secondary data. The population of this study was 48 property and real estate sub-sector companies listed on the Indonesia Stock Exchange in 2012-2018, the sample selection was carried out by purposive sampling method so that a sample of 17 companies was obtained. The analytical method used is Moderated Regression Analysis (MRA). The results show that ROA and sales volume have a partial effect on firm value, LTDAR and DPR partially have no effect on firm value. The moderating variable used can strengthen the relationship between X and Y. The economic growth variable cannot moderate the ROA, LTDAR and DPR variables on firm value and can only moderate the sales volume variable on firm value

Analisis Faktor-Faktor Yang Mempengaruhi Kualitas Laba (Studi Empiris Pada Perusahaan Property And Real Estate Yang Terdaftar Di Bursa Efek Indonesia Tahun 2014-2019)

This study aims to test whether the above factors affect the quality of profit. This research was conducted on property and real estate subsector manufacturing companies listed on the Indonesia Stock Exchange. This study also uses quantitative approach with research year from 2014 to 2019. Financial report data obtained through access to www.idx.co.id using purposive sampling method, so obtained 48 samples. The analysis method used is multiple linear regression analysis, with the help of IBM SPSS 21 program.This study used a constant value (α) of 5%. Based on the results of the study, the size of the company had a significant effect with a significant value of 0.001. While leverage, liquidity, managerial ownership and institutional ownership had no significant effect with a significant value of 0.051; 0,947; 0.414 and 0.594 and simultaneously, leverage, company size, managerial ownership and institutional ownership significantly affect the quality of profit.

The Effect of Fraud Pentagon on Fraudulent Financial Reporting

The purpose of this research is to demonstrate and investigate the influence of the fraud pentagon on fraudulent financial reporting. A quantitative technique was applied in the investigation. This study makes use of secondary data and a purposive sampling technique. The sample for this study consisted of 31 Property and Real Estate Sub-Sector Service Companies that were listed on the IDX from 2017 to 2019. Regression analysis of panel data was employed as the statistical strategy in this investigation. The findings show that the pressure and opportunity variables have a positive and significant impact on fraudulent financial reporting. Meanwhile, rasionalization, competence, and arrogance all have a negative and minor impact on fraudulent financial reporting. This study, on the other hand, shows that pressure, opportunity, rationalization, competence, and arrogance all have an impact on dishonest financial reportingKeywords: Pressure,Opportunity,Rasionalization,Competence,Arrogance

PENGARUH KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN DENGAN VARIABEL MEDIASI PENGHIDARAN PAJAK

ABSTRACT The purpose of this study is to examine the factors that affect the value of the company in the property and real estate sub-sector companies at IDX. The method in this research is quantitative. Secondary data in the form of annual financial reports from 8 Property & Real Estate Sub Sector Companies are the data used. Research variables are Dividend Pay out Ratio / DPR (X1), Cash Effective Tax Rates / Cash ETR (X1), and Firm Value / Q (Y). The data analysis method used is path analysis. The result of model 1 test states that dividend policy (DPR) has no effect on Q with a significant value (-0.301> 0.212) and tax avoidance (Cash ETR) has an effect on Q where the value is significant (-0.023> 0.034). The results of model 2 test explain that dividend policy (DPR) affects tax avoidance (Cash ETR) with a significance value (0.046> 3.95). Based on the findings from the research, it can be concluded that the presence of tax avoidance completely mediates the effect of dividend policy on firm value.

Pengaruh Rasio Keuangan dan Good Corporate Governance terhadap Basic Earning Power dengan Variabel Moderasi Pertumbuhan Ekonomi

Companies have the main objective, namely to seek profit, but many factors influence the company to generate profits. The purpose of this study was to determine the factors that affect basic earning power. The research method in research is quantitative research, where the data used are secondary data. The population used in this research is in the form of the sub-Property and Real Estate manufacturing industries that have been listed on the IDX for the 2017-2019 period with a population of 74 companies. In the population, the method of illustration taking is the Non-Probability Sampling method. The results of this study indicate that the Working Capital Turnover, Long Term Debt to Equity Ratio, and Good corporate governance (GCG) have no effect on Basic Earning Power in the property and real estate sub-sector industries listed on the Indonesian stock exchange, so that economic growth cannot moderate financial ratios.
 Keywords: Financial Ratios; Good Corporate Governance; Basic Earning Power; Economic Growth.

Faktor-Faktor Yang Mempengaruhi Rasio Keuangan Sebagai Prediktor Dari Kinerja Keuangan Perusahaan

This study aims to examine the impact of the quick ratio, total assets turnover, leverage, company size, sales growth, and the consumer price index on the financial performance of companies in the property and real estate sub-sector manufacturing companies listed on the Indonesia Stock Exchange during the 2016-2020 period. a total of 39 companies. The sampling technique was purposive sampling method. Data analysis using Eviews 10 software. Regression analysis technique is used to more on the influence of financial factors on the company's financial performance, as a result it can be relied upon to be the basis for conveying suggestions. The results of the analysis share that total assets turnover, leverage, sales growth, and the consumer price index have an impact on financial performance as measured by ROS and ROE. The quick ratio and company size have no effect on the financial performance of the property and real estate sub-sector manufacturing companies listed on the Indonesia Stock Exchange.

Pengaruh ROE, EPS dan PBV terhadap harga saham (subsektor perusahaan properti dan real estate tahun 2018-2019 per triwulan)

The purpose of this research is to determine the effect of return on equity (roe), earnings per share (EPS), and price to book value (PBV) on the stock prices of companies in the property and real estate subsector. Sampling using purposive sampling method, the sample used in this study were 18 property companies listed on the Indonesia Stock Exchange during the period 2018-2019 per quarter. This study uses multiple linear regression analysis with the tools used is the SPSS version 16 program. The results of hypothesis testing are the variables return on equity (roe), earnings per share (eps), and price to book value (pbv) simultaneously or simultaneously have an effect. To share prices in property and real estate sub-sector companies listed on the Indonesia Stock Exchange in 2018-2019 per quarter. Partially the earnings per share and price to book value variables have a significant positive effect, while the return on equity (roe) variable has a significant negative effect on the stock prices of property and real estate sub-sector companies listed on the IDX in 2018-2019 per quarter.
 Keywords: earnings per share, return on equity, price to book value, stock price

Pengaruh Perputaran Modal Kerja dan Likuiditas terhadap Profitabilitas pada Sub Sektor Property dan Real Estate di Bursa Efek Indonesia

This study aimed to examine the effect simultaneous and partial of working capital turnover and liquidity on profitability. The study design was used quantitative causal. The subject of this study was property and real estate companies listed on the Indonesia Stock Exchange and the object of this study were working capital turnover, liquidity and profitability. The population of this study were 36 companies in the property and real estate sub-sector. Data was collected by documentation recording and analyzed by multiple linear regression analysis. The results showed that (1) working capital turnover and liquidity has significant effect on profitability with a contribution of 72,8%, (2) working capital turnover has positive and significant effect on profitability of 63,5%, (3) liquidity has negative and significant effect on profitability of 31,1%.

Empirical Evidence of Asset Pricing Based on Single Index Model, Fama, and French Three and Five-Factor Models in Indonesia Stock Exchange

This empirical test aims to estimate the beta parameters of the risk premium and other risk factors and compare the performance of the single-index model, Fama and Frech three and five-factor models. The sample used as the study object is companies in the property and real estate subsector with data collected from datastream Thomson Reuters from January 2014 to December 2018. The results are consistent with the previous studies that asset pricing using the Fama and French five-factor model can better explain stock returns than the other two models. The property and real estate subsector seems to provide a positive and statistically significant abnormal return, indicating that asset pricing with the three models is irrelevant to Indonesia. These results suggest that the stock market in Indonesia is still inefficient.

The Influence of Growth Opportunities, Working Capital and Cash Flow Towards Company Liquidity

This study aims to determine whether growth opportunities, working capital and cash flow affect liquidity in the property and real estate sub-sector companies listed on the Indonesia Stock Exchange in 2014-2017. The independent variable in this study is growth opportunities, working capital operating cash flow, investment cash flow, funding cash flow, while the dependent variable is liquidity, which is proxied by CR (Current Ratio). The population in this study were 216 financial reports from 54 property and real estate sub-sector companies listed on the Indonesia Stock Exchange in 2014-2017, while the sampling technique used was purposive sampling. So that the sample for this study amounted to 192 financial reports from 48 companies in the Property and Real Estate Sub-Sector listed on the Indonesia Stock Exchange in 2014-2017. The type of data used in this study is secondary data. Regression analysis in this study used a significance level of 5%. The results of hypothesis testing indicate that operating cash flows partially have no effect on liquidity. Whereas for Growth Opportunities, Working Capital, Investment Cash Flow, Funding Cash Flow have an effect on Liquidity. The value of R squre shows that the variation of the independent variable affects liquidity by 35.7%, the remaining 64.3% is influenced by other factors outside of this study.

PENGARUH DEBT TO EQUITY RATIO, RETURN ON INVESTMENT DAN KEBIJAKAN DEVIDEN SEBAGAI VARIABEL MODERATING TERHADAP RETURN SAHAM

Financial ratios provide information about a company's financial performance and are used as a basis for valuing company stocks that are able to provide high rates of return.
 The purpose of this study is to determine the effect of debt to equy ratio on stock returns, the effect of return on investment on stock returns, whether dividend policy is able to moderate the relationship between debt to equity ratio on stock returns, and find out whether dividend policy is able to moderate the relationship between return on investment on stock returns
 This research uses quantitative methods. The research sample was taken from 8 property and real estate subsector companies listed on the Indonesia Stock Exchange in 2015-2019, using 8 purposive sampling techniques. Data collection techniques in this study using secondary data using literature study and documentation.
 The results of the study are the debt to equity ratio does not significantly influence the stock return with tcount of 0.638 and ttable of 2.026 (0.638 <2.026) with a significance level of 0.528> 0.05. Return on investment does not significantly influence stock returns with a tcount of 1.827 and a table of 2.026 (1.827 <2.026) with a significance level of 0.076> 0.05. Dividend policy is not able to significantly moderate the effect of debt to equity ratio on stock returns. This is indicated by the Rsquare value of the interaction between dividend policy and debt to equity ratio, the results obtained by 0.074 with a significance value of 0.454> 0.05. Dividend policy is not able to significantly moderate the effect of return on investment on stock returns. This is indicated by the Rsquare value of the interaction between dividend policy and return on investment obtained a result of 0.177 with a significance value of 0.355> 0.05.The conclusion in this study is the debt to equity ratio and return on investment does not significantly influence stock returns and dividend policy is not able to significantly moderate the effect of debt to equity ratio and return on investment on stock returns