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Dampak Profitabilitas Terhadap Harga Saham Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2013 - 2017 (Studi Pada Perusahaan Makanan dan Minuman) Nur Ainiyah; Toto Heru Dwihandoko
PRIVE: Jurnal Riset Akuntansi dan Keuangan Vol. 2 No. 2 (2019): September
Publisher : Program Studi Akuntansi, Fakultas Ekonomi, Universitas Islam Majapahit

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Abstract

The market where the issuers and investors meet is called the capital market. One of the products sold in the capital market is stock. High and low price of a stock is influenced by the profitability of one company. The purpose of this study was to determine the effect of the effect of profitability proxied by ROE, EPS and NPM on stock prices in food and beverage companies in 2013-2017. This type of research uses quantitative research. The object of research in the food and beverage companies in the period 2013-2017 and a sample of 12 companies. The type of research data used is secondary data, namely financial statement data obtained from the Indonesia Stock Exchange (IDX) and research data analysis method, namely multiple linear regression. The results showed that the ROE variable partially had no effect on stock prices with a significance value of 0.830. And the EPS NPM variable influences the stock price with a significance value of 0.004 and 0.00. And simultaneously the variable ROE, EPS and NPM affect the stock price with a significance value of 0,000.
Pengaruh Free Cash Flow dan Struktur Aset Terhadap Kebijakan Hutang Dengan Pemoderasi Risiko Bisnis nur ainiyah; Tatas Ridho Nugroho
PRIVE: Jurnal Riset Akuntansi dan Keuangan Vol. 3 No. 1 (2020): Maret
Publisher : Program Studi Akuntansi, Fakultas Ekonomi, Universitas Islam Majapahit

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Abstract

Agency conflicts can be reduced by monitoring to align the interests of related parties. The existence of this supervision will lead to agency costs. To reduce agency costs, it can be done by increasing assets through debt. Business risk can be used as a foothold in making decisions regarding debt policies for companies. Business risk is influenced by the uncertainty of revenue acquisition for the company. Companies that have a business with business risk are more likely to reduce the amount of debt, because the company does not want to increase the risk of debt repayment difficulties. The greater the risk implies in the small debt for the company. This is certainly influenced by the company's ability to repay debt due to uncertainty (volatility) of income or profits that can be achieved by the company. The sample used was 70. The results of the study concluded that business risk variables could simultaneously be a moderating effect of free cash flow and asset structure on debt policy. this can be seen from an increase in influence of 0.013 or 1.3%. Partially business risk cannot be used as a moderating effect of free cash flow on debt policy. But business risk can be partially used as a moderating effect of asset structure on debt policy