Journal of Applied Finance & Accounting最新文献_第3页

Debt to Equity Ratio, Degree of Operating Leverage Stock Beta and Stock Returns of Food and Beverages Companies on the Indonesian Stock Exchange 印尼证券交易所食品和饮料公司的负债权益比、经营杠杆程度、股票贝塔和股票回报

Journal of Applied Finance & Accounting Pub Date : 2009-11-28 DOI: 10.21512/jafa.v2i1.149

Lusia Astra Sari, Y. Hutagaol

{"title":"Debt to Equity Ratio, Degree of Operating Leverage Stock Beta and Stock Returns of Food and Beverages Companies on the Indonesian Stock Exchange","authors":"Lusia Astra Sari, Y. Hutagaol","doi":"10.21512/jafa.v2i1.149","DOIUrl":"https://doi.org/10.21512/jafa.v2i1.149","url":null,"abstract":"This research examines three factors that may have relationships with returns on stock investment. The factors tested under this research are three types of risk associated with a company’s capital structure, company’s business risk, and market risk of the company’s stock. A company’s capital structure is measured by debt to equity ratio, a company’s business risk is measured by degree of operating leverage, while the market risk of the company’s stock is measured by stock beta. This research focuses on the food and beverages (F&B) industry. The sample firms are F&B firms that are listed on the Indonesian Stock Exchange in the period of 2003-2008. The results show that there is a positive relationship between debt to equity ratio and stock return; however this result is insignificant statistically. A similar result is found between the degree of operating leverage and stock return. There is a positive significant relationship between the stock beta and stock return. The result also shows that debt to equity ratio, degree of operating leverage, and stock beta all together do not have a significant influence on the stock returns of food and beverage companies on the Indonesian Stock Exchange during 2003-2008.","PeriodicalId":151258,"journal":{"name":"Journal of Applied Finance & Accounting","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127953586","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}

引用次数: 13

Analysis of Indonesia Bond’s Duration: Corporate Versus Government Bond 印尼债券期限分析:公司债券与政府债券

Journal of Applied Finance & Accounting Pub Date : 2009-06-28 DOI: 10.21512/jafa.v1i2.129

Rezki Adhitia

引用次数: 1

Analisis Pengaruh Rasio ROA, LDR, NIM dan NPL Terhadap Abnormal Return Saham Perbankan di Indonesia pada Periode Sekitar Pengumuman Subprime Mortgage 分析ROA, LDR, NIM和NPL对印尼银行股票回报率异常影响的影响，该回报率约在次级抵押贷款公布期间

Journal of Applied Finance & Accounting Pub Date : 2009-06-28 DOI: 10.21512/jafa.v1i2.131

Risky Christian Syauta, I. Widjaja

{"title":"Analisis Pengaruh Rasio ROA, LDR, NIM dan NPL Terhadap Abnormal Return Saham Perbankan di Indonesia pada Periode Sekitar Pengumuman Subprime Mortgage","authors":"Risky Christian Syauta, I. Widjaja","doi":"10.21512/jafa.v1i2.131","DOIUrl":"https://doi.org/10.21512/jafa.v1i2.131","url":null,"abstract":"Information has strongly influenced the capital market condition. The information could come from internal company as well as external parties. If an event contains information, usually the market will react at the time information is revealed to the market. An event study method could be used to test the content of information from the event. Like other market, Bursa Efek Indonesia is related to some information. This research analyzes the USA mortgage sub-prime effect on the banking stocks in Indonesia. The reaction from market could be seen in return abnormal changes in 7 days before and after the announcement. A sample of 26 banking stocks is chosen for this research to test the effect of USA sub-prime mortgage on banking stocks in Indonesia, particularly on its Return On Assets (ROA), Loan to Deposit Ratio (LDR), Net Interest Margin (NIM) and Non Performing Loan (NPL) with t-test and multiple regression. The result shows the abnormal returns of banking stocks at BEI are significantly influenced by USA sub-prime mortgage except 5 days and 1 day before the announcement and 1 day and 6 days after. The banking performances, ROA and NPL, are also affected by the USA sub-prime mortgage.","PeriodicalId":151258,"journal":{"name":"Journal of Applied Finance & Accounting","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123926913","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}

引用次数: 12

Pengaruh Pemilihan Metode Akuntansi Atas Biaya Research and Development (R&D) Terhadap Price Earnings Ratio (Studi Empirik Pada Perusahaan Sektor Industri Periode 2002-2005) 评估会计方法对研究与发展成本(R&D)的影响(价格earning Ratio的实证研究)

Journal of Applied Finance & Accounting Pub Date : 2009-06-28 DOI: 10.21512/jafa.v1i2.132

Michell Suharli, Ani Arisandi

引用次数: 3

Identification of Firm Multiplier of Comparable Firm Valuation Method on Indonesian IPO 印尼IPO可比企业估值方法的企业乘数识别

Journal of Applied Finance & Accounting Pub Date : 2009-06-28 DOI: 10.21512/jafa.v1i2.128

Andrew Handaya, D. Warganegara, D. S. Warganegara

引用次数: 0

The Analysis of R&D Impact on the Public Listed Companies’ Performance in Indonesia 研发对印尼上市公司绩效的影响分析

Journal of Applied Finance & Accounting Pub Date : 2009-06-28 DOI: 10.21512/jafa.v1i2.130

Natasha I. E., Y. Hutagaol