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Stock Prices Predicted by Bankruptcy Condition? Junaeni, Irawati
Binus Business Review Vol 9, No 2 (2018): Binus Business Review
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/bbr.v9i2.4103

Abstract

This research had two objectives. First, it determined the prediction of the method of Altman Z-Score whether it could classify banking positions, bankruptcy, or financial distress in the go-public bank in Indonesia Stock Exchange. Second, it was to know the influence of value position of Altman Z-Score on the stock price. The population was 84 banking company listed on the Indonesia Stock Exchange in 2010-2015. The sampling method was purposive sampling. Moreover, data analysis method used was a simple regression analysis. For data processing, it used software Eviews 8. The Z-Score calculations predict the potential bankruptcy of go-public bank in 2010-2015. All results show that Z-Score has the small score of 1,81. It can be said there is a potential bankruptcy. For t-test, it can be concluded that Z-Score has the positive and significant effect on the stock price. The ability of Z-Score values in explaining the stock price is 95,50% while the remaining 4,50% is influenced by other variables that are not analyzed in the research. With some weaknesses of Altman’s Z-Score model, this research has the implication for management bank. It improves the financial performance for the future to avoid opportunity bankruptcy prediction. The results show how the effect of bankruptcy on banking stock prices.
ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI TINGKAT UNDERPRICING SAHAM PADA PERUSAHAAN YANG MELAKUKAN INITIAL PUBLIC OFFERING DI BEI Junaeni, Irawati
Jurnal Ilmiah Widya Vol 1 No 1 (2013)
Publisher : Lembaga Layanan Pendidikan Tinggi Wilayah III Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (49.001 KB)

Abstract

In order to develop the business, lot of companies conducts variety of ways to get their capital needs. One of them is by increasing the number of shares by issuing new shares. This can be done by launched offering of company’s shares in Indonesia stock exchange. An offering of company's shares to the public through the stock exchange called 'go public', while an initial public offering of the shares called Initial Public Offering (IPO.) This research aims to analyze the factors affect of shares allegedly under pricing on company who launched an IPO in Indonesia stock exchange during 2006-2010. The research method descriptive analysis which the dependent variable is the level of under pricing shares, while Independent variables are underwriter reputation, financial leverage, proceeds, and industrial type. The research used multiple regression models to test the relationship between dependent and independent variable. The hypothesis was tested using statistical methods in multiple regression models to find out whether linear factors simultaneously or partially influence the degree of under pricing shares. The testing done shows partially, indicate that only reputation of underwriting having a significant affect to under pricing. Whereas by simultaneously financial leverage, proceeds, and industrial type obtained result have significant affect to under pricing.
Pengaruh DER, ROA dan EPS Terhadap PBV Junaeni, Irawati; Megawati, Andriani
Business and Management Review Vol 2, No 1 (2011): Desember
Publisher : Universitas Bakrie

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Abstract

Price to Book Value (PBV) is the ratio of the market value of equity to the book value of equity.  This ratio is frequently used as indicator of stock price or as a tool to measure intrinsic value of stock.  There are many factors that can affect PBV fluctuation.  This study will analyze both simultaneous and individual effect of Debt to Equity Ratio (DER), Return on Asset (ROA) and Earning Per Share (EPS) to Price to Book Value (PBV). The population in this study consists of all banks that are listed in Bursa Efek Indonesia (BEI) in the period of 2006-2010.  The sampling technique being used is ‘purposive sampling’ that results in 16 banks to be analyzed. There are four hypotheses developed in this study, i.e.: firstly, there is significant effect of DER, ROA and EPS to PBV; secondly, there is significant effect of DER to PBV; thirdly, significant effect of ROA to PBV and the last one is significant effect of EPS to PBV. Analysis method being used in this study is multiple regression analysis.  F-test is used to evaluate the simultaneous effect of independent variables to dependent variable and t-test is used to evaluate partial effect of each independent variable to dependent variable with level of significance 5%. As a result of this study, it is concluded that DER and ROA, individually, has no significant effect to PBV with level of significance more than 5%, while EPS has significant effect to PBV with level of significance less than 5%.  The simultaneous effect of DER, ROA and EPS to PBV is represented by adjusted R-square value at 0.174 or 17.4 %, and the remaining 82.6% is affected by other factors that are not emphasized in this study. The other factors could be as follows :Size, Devidend Payout Ratio (DPR), Beta Stock, Net Profit Growth Rate, Economic Value Added (EVA), Price Earning Ratio (PER), Loan to Deposit Ratio (LDR) and many other factors. Keywords : Debt to Equity Ratio (DER), Return of Asset (ROA), Earning Per Share (EPS) and Price to Book Value (PBV).
Stock Prices Predicted by Bankruptcy Condition? Irawati Junaeni
Binus Business Review Vol. 9 No. 2 (2018): Binus Business Review
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/bbr.v9i2.4103

Abstract

This research had two objectives. First, it determined the prediction of the method of Altman Z-Score whether it could classify banking positions, bankruptcy, or financial distress in the go-public bank in Indonesia Stock Exchange. Second, it was to know the influence of value position of Altman Z-Score on the stock price. The population was 84 banking company listed on the Indonesia Stock Exchange in 2010-2015. The sampling method was purposive sampling. Moreover, data analysis method used was a simple regression analysis. For data processing, it used software Eviews 8. The Z-Score calculations predict the potential bankruptcy of go-public bank in 2010-2015. All results show that Z-Score has the small score of 1,81. It can be said there is a potential bankruptcy. For t-test, it can be concluded that Z-Score has the positive and significant effect on the stock price. The ability of Z-Score values in explaining the stock price is 95,50% while the remaining 4,50% is influenced by other variables that are not analyzed in the research. With some weaknesses of Altman’s Z-Score model, this research has the implication for management bank. It improves the financial performance for the future to avoid opportunity bankruptcy prediction. The results show how the effect of bankruptcy on banking stock prices.
Are the Most Dominant Affecting Stock Prices Other Than ROE? Irawati Junaeni
Asia Pacific Journal of Management and Education(APJME) Vol 2, No 2 (2019): Asia Pacific Journal of Management and Education (APJME)
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/apjme.v2i2.553

Abstract

There are several ways that companies can use in obtaining external funds, one of which is the capital market. Stock is one of the most popular capital market instruments. Stock prices are often used as a reference in investing. Stock prices can rise and fall depending on supply and demand in the capital market. This study aims to determine the variables that influence stock prices in retail companies listed on the Indonesia Stock Exchange (IDX). The technique used in this study was purposive sampling. This study also uses multiple linear regression analysis. The results of the research partially show that the Return on Equity variable and sales growth have a significant influence on stock prices, while the Total Asset Turn Over and Accounts Receivable Turnover have no significant effect on stock prices. Simultaneously, Return on Equity, sales growth, Total Asset Turn Over, and Accounts Receivable Turnover have a significant effect on stock prices with a coefficient of determination of 62.04%.
Dominant Variables That Affect The Level of Profitability in Sharia Banks and Conventional Banks Irawati Junaeni
JURNAL TERAPAN MANAJEMEN DAN BISNIS Vol 3, No 2 (2017): Volume 3 Number 2 (2017)
Publisher : STKIP Singkawang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26737/jtmb.v3i2.214

Abstract

This study aims to analyze the dominant factors that affect profitability in the Sharia Commercial Bank and Conventional Bank Indonesia Year 2009-2014. The sample used in this study is 7 Sharia Commercial Banks and 10 Conventional Commercial Banks in Indonesia. The technic sample used in this study by purposive sampling method. This research uses panel data regression methods and estimation model used is a Random Effect Model. The result of research on sharia bank of internal factors concludes that BOPO variable has a significant influence on return on asset (ROA) and from external factors of BI Rate significant effect on return on asset (ROA). While conventional banks of internal factors conclude that BOPO and NPL variable have significant influence to return on asset (ROA) and from external factor conclude that BI Rate has a significant effect to return on asset ROA). In this research, BOPO variable has a more dominant influence on  ROA than other variables.
Pengaruh EVA, ROA, DER dan TATO Terhadap Harga Saham pada Perusahaan Makanan dan Minuman di BEI Irawati Junaeni
Owner : Riset dan Jurnal Akuntansi Vol. 1 No. 2 (2017): Owner Volume 1 Nomor 2 Agustus 2017
Publisher : Politeknik Ganesha Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (424.483 KB)

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh variabel Economic Value Added, Return On Assets, Debt to Equity Ratio dan Total Assets Turnover terhadap harga saham perusahaan makanan dan minuman yang terdaftar di Bursa Efek Indonesia periode 2010 sampai 2014, baik secara parsial maupun secara simultan. Data yang digunakan dalam penelitian ini diperoleh dari laporan keuangan 3 perusahaan makanan dan minuman yang dipublikasikan melalui website www.idx.co.id periode tahun 2010 sampai dengan 2014. Metode analisis yang digunakan pada penelitian ini adalah metode kuantitatif, dengan regresi data panel dengan menggunakan metode fixed effect yang diproses dengan program Eviews 8. Berdasarkan hasil uji t, dapat disimpulkan bahwa secara parsial variabel EVA, ROA, DER dan TATO tidak berpengaruh signifikan terhadap harga saham, karena memiliki nilai signifikansi lebih besar dari 0,05. Berdasarkan hasil uji F disimpulkan bahwa terdapat pengaruh yang signifikan secara simultan (bersama-sama) antara variabel EVA, ROA, DER dan TATO terhadap harga saham.
Pengaruh Indikator Keuangan Perusahaan terhadap Harga Saham dalam Kelompok Jakarta Islamic Indeks Irawati Junaeni
Owner : Riset dan Jurnal Akuntansi Vol. 4 No. 1 (2020): Owner Vol. 4 No. 1 Periode Februari 2020
Publisher : Politeknik Ganesha Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (542.041 KB) | DOI: 10.33395/owner.v4i1.220

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh indikator keuangan : Earming Per Share (EPS), Net Profit Margin (NPM), dan Suku Bunga Bank terhadap harga saham pada perusahaan dalam kelompok Jakarta Islamic Indeks. Sampel dari penelitian ini terdiri dari perusahaan dalam kelompok tersebut dan terdaftar di Bursa Efek Indonesia selama periode 2012-2017. Sesuai kriteria yang ditetapkan dalam penelitan ini diperoleh sebanyak 10 perusahaan. Penelitian ini menggunakan metode purposive sampling. Analisis data yang digunakan dalam penelitian ini adalah Analisis regresi data panel yang menggunakan tingkat signifikansi sebesar 0,05 atau 5%. Hasil penelitian ini secara partial menunjukan bahwa: EPS dan NPM berpengaruh secara positif dan signifikan terhadap harga saham, namun suku bunga Bank Indonesia tidak berpengaruh terhadap harga saham. Secara simultan EPS, NPM, dan suku bunga Bank Indoenesia berpengaruh positif terhadap harga saham, dimana besarnya adjusted R squared 46,25 %.
Pengaruh Profitabilitas, Leverage, Ukuran Perusahaan, Likuiditas, dan Pertumbuhan Perusahaan Terhadap Nilai Perusahaan Buono Aji Santoso; Irawati Junaeni
Owner : Riset dan Jurnal Akuntansi Vol. 6 No. 2 (2022): Artikel Volume 6 Nomor 2 April 2022
Publisher : Politeknik Ganesha Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33395/owner.v6i2.795

Abstract

The firm value can be measured through several financial ratios. The success of the company’s performance can be seen from the firm value, the better the value of the company, the more interested investors will be to invest their shares in the company. The purpose of this study is to elaborate and analyze the effect of probability, leverage, firm size, liquidity and firm growth on firm value. The sampling technique used by the author is purposive sampling technique with sample of LQ45 companies listed on the Indonesia Stock Exchange for the period 2018-2020. In this study, the approach used is a quantitative approach with data analysis techniques using multiple linear regression analysis with the help of statistical software EViews 10. From the results of research conducted partially, only one variable, namely Profitability (ROE), has a positive effect on firm value. Simultaneously, the value of the company (PBV) is influenced by profitability (ROE), leverage (DER), firm size (SIZE), liquidity (Current Ratio), and company growth (GROWTH) of 98%.
Analysis of Factors That Influence Decision Making Invest in Capital Markets in Millennial Generations Irawati Junaeni
International Journal of Accounting & Finance in Asia Pasific (IJAFAP) Vol 3, No 3 (2020): International Journal of Accounting & Finance in Asia Pasific (IJAFAP) October 2
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (203.252 KB) | DOI: 10.32535/ijafap.v3i3.866

Abstract

This study aims to analyze the factors that influence the decision making of investors investing in the capital market. The sampling method used in this study was purposive sampling method, the sample used in this study was the millennial generation in Jakarta who had invested in the capital market. Sample size determination based on Slovin formula. The data used in this study are primary data in the form of questionnaires and secondary data in the form of library studies. The analysis technique in this study is simple linear regression and multiple linear regression. The results of research that have been carried out both in partial and simultaneous testing show that all variables, namely knowledge, risk, income, capital market training, and motivation have a significant positive effect on investment decisions.