The Effect of Der on Stock Return in Manufacturing Companies of Consumption Industrial Goods Sector
DOI:
https://doi.org/10.61841/xfhj9z54Keywords:
Debt to Equity Ratio, Stock ReturnAbstract
This study aims to determine the effect of DER on stock returns. This research is motivated by several manufacturing companies in the consumer goods industry sector showing fluctuating stock returns during the 2013–2017 period. A stock return is a profit in the form of a rate of return on a security owned by an investor. DER is a ratio that measures debt held by a company with shareholders' equity The population of this study is a consumer goods manufacturing sector listed on the Indonesia Stock Exchange in the period 2013-2017, which is 51 companies. The sampling technique used in this study was the purposive random sampling method. There were 27 samples of manufacturing companies in the consumer goods industry sector listed on the IDX that had met certain criteria that had been adjusted. The types of data in this study are quantitative data in the financial statements during the period 2013-2017 obtained from the Indonesia Stock Exchange and IDN Financials sites. The results showed that the DER did not affect stock returns.
Downloads
References
[1] Bambang, Riyanto. (2008). Dasar-dasar Pembelanjaan Perusahaan. Yogyakarta: BPFE.
[2] Darsono. (2005). Pedoman Praktis Memahami Laporan Keuangan. Yogyakarta: Andi.
[3] Fitri, Dewi. (2017). Pengaruh Price To Book Value (PBV), DER, Return On Asset (ROA), Inflasi, Dan Suku Bunga Sbi Terhadap Return Saham Pada Sektor Makanan Dan Minuman Yang Terdaftar Di Bursa Efek Indonesia Periode 2011-2015. Skripsi Universitas Widyatama, 23.
[4] Giovanni, Budialim. (2013). Pengaruh Kinerja Keuangan Dan Risiko Terhadap Return Saham Perusahaan Sektor Consumer Goods Di Bursa Efek Indonesia Periode 2007-2011. Calyptra: Jurnal Ilmiah Mahasiswa Universitas Surabaya Vol.2 No.1 (2013).
[5] Hartono, Jogiyanto. (2013). Teori Portofolio dan Analisis Investasi. Yogyakarta: Kanisius.
[6] Hussain, H.I., Herman, Ghani, E.K. & Razimi, M.S.A. (2019) Systematic Risk and Determinants of Cost of Capital: An Empirical Analysis of Selected Case Studies, Journal of Security and Sustainability Issues, 9 (1), 295 – 307.
[7] Imam, Ghozali. (2013). Aplikasi Analisis Multivariate dengan Program IBM SPSS 21. Semarang: Badan Penerbit Universitas Dipenogoro.
[8] Juliansyah, Noor. (2014). Metodologi Penelitian: Skripsi, Tesis, Disertasi, dan Karya Ilmiah. Jakarta: Kencana.
[9] Kasmir. (2015). Analisis Laporan Keuangan. Jakarta: Rajawali Pers.
[10] Ken, Aditya, & Isnurhadi. (2013). Analisis Pengaruh Rasio Lancar, Rasio Perputaran Total Aktiva, Debt To Equity Ratio, Return On Equity, Dan Earning Per Share Terhadap Return Saham Perusahaan Sektor Infrastruktur, Utilitas, Dan Transportasi Yang Terdaftar Di Bursa Efek Indonesia 2007-2011. Jurnal Manajemen & Bisnis Sriwijaya Vol.11, No.4 Desember 2013.
[11] Kusumo, RM. Gian Ismoya. (2011). Analisis Pengaruh Rasio Keuangan Terhadap Return Saham Pada Perusahaan Non Bank LQ45. Skripsi, Universitas Diponegoro, Semarang.
[12] Martono, & D. Agus Harjito. (2003). Manajemen Keuangan. Yogyakarta: Percetakan JALASUTRA.
[13] Mohammad, Nazir. (2010). Metode Penelitian. Jakarta: Ghalia Indonesia.
[14] Nuryaman, & Veronica, Christina. (2015). Metodologi Penelitian Akuntansi dan Bisnis Teori dan Praktek. Bogor: Ghalia Indonesia.
[15] Riduwan. (2013). Dasar-dasar Statistika. Bandung: Alfabeta.
[16] Ridwan, S. Sundjaja, Inge, Barlian, & Dharma, Putra Sundjaja. (2007). Manajemen Keuangan 1. Bandung: Unpar Press.
[17] Robert, Ang. (1997). Buku Pintar Pasar Modal Indonesia. Jakarta: Mediasoft Indonesia.
[18] Rusdin. (2008). Pasar Modal: Teori, Masalah dan Kebijakan Dalam Praktik. Bandung: Alfabeta.
[19] Sekaran, Uma. (2014). Metodologi Penelitian untuk Bisnis. Jakarta: Salemba Empat.
[20] Saudi, M.H.M., Sinaga, O. & Rospinoedji, D., The role of tax education in supply chain management: A case of Indonesian supply chain companies, Polish Journal of Management Studies 18(2):304-319, December 2018.
[21] Sugiyono. (2014). Metode Penelitian Kuantitatif Kualitatif dan R&D. Bandung: Alfabeta.
[22] Suherman, & Anwar, Siburian. (2013). Pengaruh Earning Per Share, Debt To Equity Ratio, Return On Equity, Dan Price To Book Value Terhadap Return Saham (Studi Kasus Pada Perusahaan Industry Food and Beverages yang Terdaftar di Bursa Efek Indonesia). Jurnal Riset Manajemen Sains Indonesia (JRMSI) Vol.4, No. 1,.
[23] Sutrisno. (2012). Manajemen Keuangan Teori, Konsep dan Aplikasi. Yogyakarta: Ekonisia.
[24] Warren et al. (2005). Pengantar Akuntansi. Jakarta: Salemba Empat.
[25] Yona, Afrina. (2015). Pengaruh Pertumbuhan Ekonomi Dan Penduduk Terhadap Konsumsi Energi Di Indonesia. Jom FEKON Vol. 2 No. 2 Oktober 2015.
[26] Zalmi, Zubir. (2011). Manajemen Portofolio Penerapannya Dalam Investasi Saham. Jakarta: Salemba Empat,
[27] Website:Hari Widowati. (2018). Terendah dalam 10 Tahun, Return Indeks Sektor Konsumer Anjlok 14%, Dikutip dari katadata.co.id: https://katadata.co.id/berita/2018/10/31/terendah-dalam-10-tahun-return-indekssektor-konsumer-anjlok-14.Diakses pada tanggal 10 November 2018.
[28] Vijay Swaroop Singh, G., Divakar, T.E. Development and validation of stability indicating RP-HPLC method for simultaneous estimation of trihexyphenidyl, chlorpromazine and trifluoperazine in pharmaceutical formulations(2018) International Journal of Pharmaceutical Research, 10 (4), pp. 90-96. https://www.scopus.com/inward/record.uri?eid=2-s2.0-85057244161&doi=10.31838%2fijpr%2f2018.10.04.015&partnerID=40&md5=f7ef326f33363341d879ca673952dcfc
[29] Sarah wojkowski, jenna smith, julie richardson, stephen birch, michael boyle (2016) a scoping review of need and unmet need for community-based physiotherapy in canada. Journal of Critical Reviews, 3 (4), 17-23.
[30] Chavda HV, Patel CN, Anand IS. "Biopharmaceutics Classification System." Systematic Reviews in harmacy 1.1 (2010), 62-69. Print. doi:10.4103/0975-8453.59514
Downloads
Published
Issue
Section
License
Copyright (c) 2020 AUTHOR
This work is licensed under a Creative Commons Attribution 4.0 International License.
You are free to:
- Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
- The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
- Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .
No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.
