Analysis of financial statements, cash flow and dividend policy on stock prices in food and beverage sector companies listed on the indonesia stock exchange for the 2018-2020 period
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Published:
Jun 30, 2022
Keywords:
Return on Equity, Operating Cash Flow, Dividend Per Share, Closing Price
Section
Articles
Statistics Article
Article View : 287 Times
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Abstract
This study aims to determine and analyze the effect of Return on Equity, Operating Cash Flow and Dividend Per Share on a modest and partial basis on stock prices in food and beverage sector companies listed on the Indonesia Stock Exchange for the 2018-2020 period. The population in this study amounted to 34 companies. The sample sampling method uses pursose sampling techniques, and the number of samples obtained is as many as 12 companies. The data testing method used is multiple linear regression analysis. Based on the results of data testing, simultaneously Return on Equity, Operating Cash Flow and Dividend Per Share have a significant effect on stock prices in food and beverage sector companies listed on the Indonesia Stock Exchange for the 2018-2020 period. Meanwhile, partially dividend per share has a significant effect on stock prices positively in food and beverage sector companies listed on the Indonesia Stock Exchange for the 2018-2020 period. However, the Return on Equity did not have a significant effect on the share price positively in food and beverage sector companies listed on the Indonesia Stock Exchange for the 2018-2020 period. And Operating Cash Flow did not have a significant effect on stock prices negatively in food and beverage sector companies listed on the Indonesia Stock Exchange for the 2018-2020 period
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How to Cite
Verawati, V., Gultom, R., & Ginting, E. S. (2022). Analysis of financial statements, cash flow and dividend policy on stock prices in food and beverage sector companies listed on the indonesia stock exchange for the 2018-2020 period . Indonesia Accounting Research Journal, 10(1), 33–39. Retrieved from https://journals.iarn.or.id/index.php/Accounting/article/view/5
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Sitompul, S., & Khadijah, S. (2020). Analysis Net Profit, Dividend, Debt, Cash Flow, and Capital Net Working That Influence Investment Decisions on Manufacturing Companies. International Journal of Research and Review, 7(3).
Siyoto, S., & Sodik, M. A. (2015). Dasar metodologi penelitian. Literasi Media Publishing.
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Ani, N. K. S., Trianasari, T., & Cipta, W. (2019). Pengaruh Roa Dan Roe Serta Eps Terhadap Harga Saham Sektor Farmasi Yang Terdaftar Di Bei. Bisma: Jurnal Manajemen, 5(2), 148–157.
Busetto, L., Wick, W., & Gumbinger, C. (2020). How to use and assess qualitative research methods. Neurological Research and Practice, 2(1), 1–10.
Caraka, R. E., Lee, Y., Kurniawan, R., Herliansyah, R., Kaban, P. A., Nasution, B. I., Gio, P. U., Chen, R. C., Toharudin, T., & Pardamean, B. (2020). Impact of COVID-19 large scale restriction on environment and economy in Indonesia. Global Journal of Environmental Science and Management, 6(Special Issue (Covid-19)), 65–84.
Chandrarin, G. (2017). Metode Riset Akuntansi: Pendekatan Kuantitatif.
Dirman, A. (2020). Financial distress: the impacts of profitability, liquidity, leverage, firm size, and free cash flow. International Journal of Business, Economics and Law, 22(1), 17–25.
Dwinda, E. N., & STELLA, S. (2021). Dividend Per Share, Earnings Per Share, Price Earnings Ratio, Book Value Dan Firm Size Terhadap Harga Saham. E-Jurnal Manajemen Trisakti School of Management (TSM), 1(1), 29–36.
Erri, D., & Dwi, N. A. (2018). Kebijakan Dividen Terhadap Harga Saham PT Unilever Indonesia Tbk Yang Terdaftar di Bursa Efek Indonesia. Widya Cipta: Jurnal Sekretari Dan Manajemen, 2(2), 177–182.
Firdaus, C., & Qadri, R. A. (2022). Your Fried Chicken is “Hot”[but “Stenchy”]! A Business Analysis of PT Fast Food Indonesia, Tbk during the Pandemic. JOURNAL OF APPLIED MANAGERIAL ACCOUNTING, 6(2), 204–220.
HASANUDDIN, R., DARMAN, D., TAUFAN, M. Y., SALIM, A., MUSLIM, M., & Putra, A. H. P. K. (2021). The Effect of Firm Size, Debt, Current Ratio, and Investment Opportunity Set on Earnings Quality: An Empirical Study in Indonesia. The Journal of Asian Finance, Economics and Business, 8(6), 179–188.
Hidayat, W., Tjaraka, H., Fitrisia, D., Fayanni, Y., Utari, W., Indrawati, M., Susanto, H., Tjahjo, J. D. W., Mufarokhah, N., & Elan, U. (2020). The effect of earning per share, debt to equity ratio and return on assets on stock prices: Case Study Indonesian. Academy of Entrepreneurship Journal, 26(2), 1–10.
Jaya, I. M. L. M. (2020). Metode Penelitian Kuantitatif dan Kualitatif: Teori, Penerapan, dan Riset Nyata. Anak Hebat Indonesia.
Kukurba, M., Waszkiewicz, A. E., Salwin, M., & Kraslawski, A. (2021). Co-created values in crowdfunding for sustainable development of enterprises. Sustainability, 13(16), 8767.
Lukman, H., & Tanuwijaya, H. (2021). The Effect of Financial Performance and Intellectual Capital on Firm Value with CSR as a Mediating Variable in Banking Industry. Ninth International Conference on Entrepreneurship and Business Management (ICEBM 2020), 353–359.
M Allo, Y. R. (2021). The Analysis of Financial Statements Performance: Case Studies PT. Bank Negara Indonesia (Persero). Golden Ratio of Finance Management, 1(2), 87–100.
Machmuddah, Z., Utomo, S. D., Suhartono, E., Ali, S., & Ali Ghulam, W. (2020). Stock market reaction to COVID-19: Evidence in customer goods sector with the implication for open innovation. Journal of Open Innovation: Technology, Market, and Complexity, 6(4), 99.
Markus, G., & Rideg, A. (2020). Understanding the connection between SMEs’ competitiveness and cash flow generation: an empirical analysis from Hungary. Competitiveness Review: An International Business Journal.
Mufidah, E. (2017). Analisis laba, Arus kas operasi dan nilai buku ekuitas terhadap harga saham. Eksis: Jurnal Riset Ekonomi Dan Bisnis, 12(1).
Olivia, S., Gibson, J., & Nasrudin, R. an. (2020). Indonesia in the Time of Covid-19. Bulletin of Indonesian Economic Studies, 56(2), 143–174.
Orgino, M. (2021). YOUTH COUNSELING AS PASTORAL CARE. University, Innsbruck.
Putri, S. Y. A. (2019). Analisis Pengaruh Komponen Arus Kas Dan Laba Kotor Terhadap Harga Saham (Studi Empiris Pada Perusahaan Farmasi Yang Terdaftar di Bursa Efek Indonesia (BEI) 2012-2016). Ranah Research: Journal of Multidisciplinary Research and Development, 1(3), 436–448.
Schoch, K. (2020). Case study research. Research Design and Methods: An Applied Guide for the Scholar-Practitioner, 245–258.
Selezneva, E. Y., Rakutko, S. Y., Temchenko, O. S., Skalkin, D. V, & Belik, N. V. (2021). Application of the Discounted Cash Flow Method to Assessment of the Business Investment Attractiveness. Proceeding of the International Science and Technology Conference" FarEastСon 2020", 387–395.
Shafi, M., Liu, J., & Ren, W. (2020). Impact of COVID-19 pandemic on micro, small, and medium-sized Enterprises operating in Pakistan. Research in Globalization, 2, 100018.
Sitompul, S., & Khadijah, S. (2020). Analysis Net Profit, Dividend, Debt, Cash Flow, and Capital Net Working That Influence Investment Decisions on Manufacturing Companies. International Journal of Research and Review, 7(3).
Siyoto, S., & Sodik, M. A. (2015). Dasar metodologi penelitian. Literasi Media Publishing.
Sriwahyuni, E., & Saputra, R. S. (2017). Pengaruh cr, der, roe, tat, dan eps terhadap Harga Saham Industri Farmasi di BEI Tahun 2011-2015. Jurnal Online Insan Akuntan, 2(1), 119–136.
Sudirman, S., Kamaruddin, K., & Possumah, B. T. (2020). The Influence of Net Profit Margin, Debt to Equity Ratio, Return on Equity, and Earning per Share on the Share Prices of Consumer Goods Industry Companies in Indonesia. International Journal of Advanced Science and Technology, 29(7), 13428–13440.
Sundarakani, B., & Onyia, O. P. (2021). Fast, furious and focused approach to Covid-19 response: an examination of the financial and business resilience of the UAE logistics industry. Journal of Financial Services Marketing, 26(4), 237–258.
Tangngisalu, J. (2020). Effect of Cash Flow and Corporate Social Responsibility Disclosure on Firm Value. ATESTASI: Jurnal Ilmiah Akuntansi, 3(2), 142–149.
Yunus, I., & Lukum, A. (2021). Comparative Analysis of Financial Performance Before and After Acquisition. 7th Regional Accounting Conference (KRA 2020), 175–186.