The purpose of this study is to investigate the effect of working capital investment and working capital financing on the operational risk of nine listed firms in the agricultural sector of the Indonesian Stock Exchange. The time period used is 12 years from 2008 - 2019. The operational risk variable is the deviation absolute value of ROA, ROE, Sales and Cost of Goods Sold. The independent variable is the working capital investment strategy (WCIS) and Working Capital Financing Policy (WCFS). For control variables using debt ratio, size, age and current ratio variables. The analysis technique used is Ordinary Least Square (OLS) regression. The results obtained by shows that (1) WCIP have a negative and significant impact on the risk of ROA and ROE, (2) WCIP has a positive and significant effect on the risk of sales and CGS, (3) WCFP has a positive and significant impact on the risk of ROA and ROE, however, (4) WCFP has a negative and significant effect on the risk of sales and CGS. Debt ratio only has a positive effect on ROE risk. Company asset size has a positive and significant effect on Sales and CGS. Company age has a positive and significant effect on ROE risk. The current ratio variable has a positive effect on ROE risk and has a negative effect on the risk of sales and CGS.
本研究的目的是探讨营运资金投资和营运资金融资对印尼证券交易所九家农业上市公司经营风险的影响。使用的时间段为2008年至2019年的12年。经营风险变量是ROA、ROE、Sales和Cost of Sold的偏差绝对值。自变量为营运资金投资策略(WCIS)和营运资金融资政策(WCFS)。对于控制变量，使用负债率、规模、年龄和流动比率变量。使用的分析技术是普通最小二乘(OLS)回归。结果表明:(1)WCIP对ROA和ROE风险具有负向显著影响;(2)WCIP对销售风险和CGS风险具有正向显著影响;(3)WCFP对ROA和ROE风险具有正向显著影响;(4)WCFP对销售风险和CGS风险具有负向显著影响。负债率对ROE风险只有正向影响。公司资产规模对销售额和CGS有显著的正向影响。公司年龄对ROE风险有显著的正向影响。流动比率变量对ROE风险有正向影响，对销售和CGS风险有负向影响。
{"title":"Working Capital Strategy and Operation Risk in the Food and Beverage Companies Listed in the Indonesia Stock Exchange","authors":"J. Junaidi","doi":"10.47747/ijfr.v1i1.18","DOIUrl":"https://doi.org/10.47747/ijfr.v1i1.18","url":null,"abstract":"The purpose of this study is to investigate the effect of working capital investment and working capital financing on the operational risk of nine listed firms in the agricultural sector of the Indonesian Stock Exchange. The time period used is 12 years from 2008 - 2019. The operational risk variable is the deviation absolute value of ROA, ROE, Sales and Cost of Goods Sold. The independent variable is the working capital investment strategy (WCIS) and Working Capital Financing Policy (WCFS). For control variables using debt ratio, size, age and current ratio variables. The analysis technique used is Ordinary Least Square (OLS) regression. The results obtained by shows that (1) WCIP have a negative and significant impact on the risk of ROA and ROE, (2) WCIP has a positive and significant effect on the risk of sales and CGS, (3) WCFP has a positive and significant impact on the risk of ROA and ROE, however, (4) WCFP has a negative and significant effect on the risk of sales and CGS. Debt ratio only has a positive effect on ROE risk. Company asset size has a positive and significant effect on Sales and CGS. Company age has a positive and significant effect on ROE risk. The current ratio variable has a positive effect on ROE risk and has a negative effect on the risk of sales and CGS.","PeriodicalId":256569,"journal":{"name":"International Journal of Finance Research","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127273699","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study aims to investigate the effect of liquidity, solvency and profitability on dividend in the manufacturing listed firms on the Indonesian Stock Exchange for the period of 2010 to 2018. The variables employed in this study are liquidity, solvency, profitability and dividend per share. The Ordinary Least Square (OLS) regression is used to analyze the data. The data is collected from the Indonesian Stock Exchange (IDX) website. The results reveal that liquidity, solvency and profitability have a significant effect on Dividend Per Share of Manufacturing Companies on the Indonesia Stock Exchange. Current Ratio, Cash Ratio, Debt to Equity Ratio, Debt to Asset Ratio, Net Profit Margin, and Earning per Share have a positive and significant effect on Dividend per Share. Therefore, manufacturing companies listed on the Indonesia Stock Exchange must maintain stability, liquidity, solvency and profitability in order to increase Dividend per Share.
{"title":"The Effect of Liquidity, Solvency and Profitability on Dividend in the Manufacturing Listed Firms on the Indonesian Stock Exchange","authors":"Abid Djazuli, D. Dodi","doi":"10.47747/ijfr.v1i1.19","DOIUrl":"https://doi.org/10.47747/ijfr.v1i1.19","url":null,"abstract":"This study aims to investigate the effect of liquidity, solvency and profitability on dividend in the manufacturing listed firms on the Indonesian Stock Exchange for the period of 2010 to 2018. The variables employed in this study are liquidity, solvency, profitability and dividend per share. The Ordinary Least Square (OLS) regression is used to analyze the data. The data is collected from the Indonesian Stock Exchange (IDX) website. The results reveal that liquidity, solvency and profitability have a significant effect on Dividend Per Share of Manufacturing Companies on the Indonesia Stock Exchange. Current Ratio, Cash Ratio, Debt to Equity Ratio, Debt to Asset Ratio, Net Profit Margin, and Earning per Share have a positive and significant effect on Dividend per Share. Therefore, manufacturing companies listed on the Indonesia Stock Exchange must maintain stability, liquidity, solvency and profitability in order to increase Dividend per Share.","PeriodicalId":256569,"journal":{"name":"International Journal of Finance Research","volume":"363 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115976387","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
U. Bhandari, Malati Rana, Niranjan Devkota, S. Parajuli, U. Poudel
Today's MBA courses are continuous preparation-based teaching-learning practice to meet the requirements that industries expect from MBA graduates and further enhance their skills and knowledge that would aid them to fit in the job market. Thus, this study tries to assess the status of professional skills in MBA graduates, its challenges, and the way forward with the help of a professional skill index. Based on descriptive analysis, this study is conducted among 280 employers who employ MBA graduates, and a structured questionnaire was applied to collect information. The purposive sampling method was used to select the samples of 280. The study is conducted in Kathmandu valley as many MBA colleges and banks, finance companies, insurance companies, industries, and many private companies are located in Kathmandu valley. So, the graduates also choose Kathmandu valley in the maximum number to pursue their further career. The study's findings revealed that professional skills are generally looked up into hard skills and soft skills, and 100% of organizations look for professional skills possessed by candidates while hiring them. However, they give 100% attention to soft skills possessed by MBA graduates and 99.2% attention to hard skills possessed. In soft skills, an organization thinks communication skills are must by graduates, whereas they prioritize typing skills hard skill. Therefore, this study concludes that MBA students and colleges should focus on enhancing graduates' communication skills. Likewise, being in today's computerized business world typing skill is a must for graduates. Finally, MBA graduates must develop professional attributes among themselves to fit in today's job market
{"title":"Status of Professional Skills in MBA Graduates, Its Challenges, and Way Forward in Kathmandu Valley: Evidence from Professional Skill Index","authors":"U. Bhandari, Malati Rana, Niranjan Devkota, S. Parajuli, U. Poudel","doi":"10.47747/ijfr.v2i1.304","DOIUrl":"https://doi.org/10.47747/ijfr.v2i1.304","url":null,"abstract":"Today's MBA courses are continuous preparation-based teaching-learning practice to meet the requirements that industries expect from MBA graduates and further enhance their skills and knowledge that would aid them to fit in the job market. Thus, this study tries to assess the status of professional skills in MBA graduates, its challenges, and the way forward with the help of a professional skill index. Based on descriptive analysis, this study is conducted among 280 employers who employ MBA graduates, and a structured questionnaire was applied to collect information. The purposive sampling method was used to select the samples of 280. The study is conducted in Kathmandu valley as many MBA colleges and banks, finance companies, insurance companies, industries, and many private companies are located in Kathmandu valley. So, the graduates also choose Kathmandu valley in the maximum number to pursue their further career. The study's findings revealed that professional skills are generally looked up into hard skills and soft skills, and 100% of organizations look for professional skills possessed by candidates while hiring them. However, they give 100% attention to soft skills possessed by MBA graduates and 99.2% attention to hard skills possessed. In soft skills, an organization thinks communication skills are must by graduates, whereas they prioritize typing skills hard skill. Therefore, this study concludes that MBA students and colleges should focus on enhancing graduates' communication skills. Likewise, being in today's computerized business world typing skill is a must for graduates. Finally, MBA graduates must develop professional attributes among themselves to fit in today's job market","PeriodicalId":256569,"journal":{"name":"International Journal of Finance Research","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129030862","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Choiriyah Choiriyah, F. Fatimah, S. Agustina, Ulfa Ulfa
This study aims to determine the effect of return on assets (ROA), return on equity (ROE), net profit margin (NPM), earning per share (EPS) and operating profit margin (OPM) on the stock prices of banking companies on the Indonesia Stock Exchange. This type of research is associative research. Secondary data in this study is in the form of banking financial statements. The total population used in this study were 32 banking companies, and the samples that met the research criteria were eight banking companies listed on BEI. The analytical model used in this study is multiple linear regression analysis. The analysis results show that ROA, ROE, NPM, EPS, and OPM together have a significant effect on the stock prices of banking companies on the Indonesia Stock Exchange (IDX). On the other hand, coefisiens of ROA, NPM and OPM have no significant effect on the Stock Price of banking companies on the Indonesia Stock Exchange (IDX). In contrast, ROE and EPS significantly affect the Stock Price of banking companies on the Indonesia Stock Exchange (IDX).
{"title":"The Effect Of Return On Assets, Return On Equity, Net Profit Margin, Earning Per Share, And Operating Profit Margin On Stock Prices Of Banking Companies In Indonesia Stock Exchange","authors":"Choiriyah Choiriyah, F. Fatimah, S. Agustina, Ulfa Ulfa","doi":"10.47747/ijfr.v1i2.280","DOIUrl":"https://doi.org/10.47747/ijfr.v1i2.280","url":null,"abstract":"This study aims to determine the effect of return on assets (ROA), return on equity (ROE), net profit margin (NPM), earning per share (EPS) and operating profit margin (OPM) on the stock prices of banking companies on the Indonesia Stock Exchange. This type of research is associative research. Secondary data in this study is in the form of banking financial statements. The total population used in this study were 32 banking companies, and the samples that met the research criteria were eight banking companies listed on BEI. The analytical model used in this study is multiple linear regression analysis. The analysis results show that ROA, ROE, NPM, EPS, and OPM together have a significant effect on the stock prices of banking companies on the Indonesia Stock Exchange (IDX). On the other hand, coefisiens of ROA, NPM and OPM have no significant effect on the Stock Price of banking companies on the Indonesia Stock Exchange (IDX). In contrast, ROE and EPS significantly affect the Stock Price of banking companies on the Indonesia Stock Exchange (IDX).","PeriodicalId":256569,"journal":{"name":"International Journal of Finance Research","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128736840","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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