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Journal : Enrichment : Journal of Management

The Effect of Beta, and Residual Income on Stock Return in The Manufacturing Industry in The Indonesia Stock Exchange Muhamad Syafril Nasution; Almira Keumala Ulfah; Trie Nadilla; Ramadhan Razali; Husni Kamal; Supriyanto Supriyanto
Enrichment : Journal of Management Vol. 11 No. 2 (2021): May: Management Science
Publisher : Institute of Computer Science (IOCS)

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Abstract

This study intends to re-examine the factors that affect the level of stock returns. In this study, the factors studied are beta and residual income, and the level of stock return is indicated by the closing price. This study is a replication of Pradhono's research which examines the effect of Economic Value Added, Residual Income, Earnings, and Operating Cash Flows on the return received by shareholders. In this study, there are several differences from previous research.This study uses another variable, namely beta which is measured by point estimation using historical data and subjective estimates. The results of this study are partially beta variable has a significant influence on stock returns. Based on the partial test results, the residual income variable does not have a significant effect on stock returns. Simultaneous test results show that residual income and beta have a significant effect on stock returns in manufacturing companies listed on the Indonesia Stock Exchange (IDX). Thus the results of this calculation can be taken as a decision that accepts the hypothesis, meaning that Beta and residual income simultaneously have a significant effect on stock returns in manufacturing companies listed on the Indonesia Stock Exchange (IDX)
Analysis of Financial Reporting Accounting Information Systems at The Aceh Financial Services Almira Keumala Ulfah; Yunina Yunina; Rahma Nurzianti; Rita Nengsih; Emilda Kadriyani
Enrichment : Journal of Management Vol. 12 No. 1 (2021): November: Management Science
Publisher : Institute of Computer Science (IOCS)

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Abstract

The accounting information system was implemented by the Aceh Financial Management Agency in 2008. The accounting information system used is the Regional Financial Management System (Sistem Manajemen Keuangan Daerah / SIMAKDA) application. Because this application has expired with the previous vendor, in 2012 the Aceh Financial Management Agency used a new accounting information system, namely Regional Financial Management Information System (Sistem Informasi Penelolaan Keuangan Daerah/SIPKD). In this study, because the data is presented in the descriptive form and describes what is contained in the Aceh Financial Management Agency, then the analysis of the problem uses qualitative analysis methods. Where after the data is obtained and processed, the data is analyzed and compared to further describe how far the suitability. The implementation of the Accounting Information system at the Aceh Financial Management Agency has been carried out a quite well-using computer equipment such as in making various forms and records, namely how to make cash and non-cash transaction proof forms. The application of the form is complete, accurate, and easy to understand.