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1
Roenganan, Sorrawee, Masnita Misran, and Nattakorn Phewchean. "A Study of Life Internal Rate of Return." WSEAS TRANSACTIONS ON MATHEMATICS 20 (April 2, 2021): 122–33. http://dx.doi.org/10.37394/23206.2021.20.13.
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Life insurance, not included as a part of the legal obligation in some countries, is one of the investment approaches that might not stand high in the public favor for some people since this is a type of investments that the investor cannot know beforehand the exact return, and the returns completely depend on uncertainty of the policy specification in some circumstances. Similar to the other kinds of investment, investors in life insurance products have been seeking a tool for investment evaluation. However, currently there are no accurate tools that can provide the value of the investment in a life insurance product sensitive to the uncertainty. Internal rate of return is the basic tool that buyers or bankers may apply in order to find the rate of return of this type of investment. The investment decision tool is one of the most important keys that investors have utilized upon making their decisions on investments. Therefore, in this research, we propose a new mathematical model with applications for investment decision, being an extension of the internal rate of return by taking into account the life probability, considering different types of life insurance policies, and other factors specified on life insurance investments such as the premium, the death benefit, the maturity value, the sum insured, the lapse rate, the surrender value, the annuity certain, and the lapse rate with different genders and ages. This newly proposed model is named as the "Life Internal Rate of Return" or Life-IRR model. By using the sample data for both males and females aged 30 years old with expected benefit of 100,000 baht for different types of life insurance policies which are endowment plan, whole life plan and retirement plan, the results show that, for males, the highest life rate of returns is that obtained from the retirement plan (3.633692%), and the lowest life internal rates of returns is that obtained from the endowment plan (2.384443%), while the whole life plan offers moderate life rate of returns of 2.427941%. For females, the highest life rate of returns is that obtained from the retirement plan (3.335189%), and the lowest life internal rates of returns is that obtained from the whole life plan (2.104658%), while the endowment plan offers moderate life rate of returns of 2.308062%. The sensitivity analyses of the life internal rates of return perform the natural characteristics of life insurance.
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Almira, Ni Putu Alma Kalya, and Ni Luh Putu Wiagustini. "RETURN ON ASSET, RETURN ON EQUITY, DAN EARNING PER SHARE BERPENGARUH TERHADAP RETURN SAHAM." E-Jurnal Manajemen Universitas Udayana 9, no. 3 (March 3, 2020): 1069. http://dx.doi.org/10.24843/ejmunud.2020.v09.i03.p13.
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This study aims to determine the effect of Return on Assets, Return on Equity, and Earning Per share on stock returns in the Food and Baverage companies on the Indonesia Stock Exchange in the period 2015-2018. The population used in this study is the Food and Baverages Sub-sector company. This study uses saturated sampling (census) with a total sample of 13 companies. Multiple linear regression is a method used to analyze the data in this study. The results showed that Return on Assets, Return on Equity and Earning per Share had a significant positive effect on stock returns.
Keywords: Return on Asset, Return on Equity, Stock Return, Dan Earning Per Share
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Ningsih, Wiwi Widya, and Novera Kristanti Maharani. "PENGARUH KEBIJAKAN DIVIDEN, RETURN ON ASSET DAN RETURN ON EQUITY TERHADAP RETURN SAHAM." PAPATUNG: Jurnal Ilmu Administrasi Publik, Pemerintahan dan Politik 5, no. 1 (March 10, 2022): 60–69. http://dx.doi.org/10.54783/japp.v5i1.509.
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This study aims to determine the effect of dividend policy and profitability on stock returns in the Consumer Goods industry company simultaneously and partially. This method uses quantitative methods, the analytical technique used is descriptive statistics, while hypothesis testing uses multiple linear regression analysis. The determination of the sample was carried out using the purposive sampling method in the Consumer Goods industry company for the 2016-2020 period. The results of this study indicate that simultaneously dividend policy, return on assets and return on equity have an effect on stock returns. Partially, only the dividend payout ratio has an effect on stock returns. Return on assets and return on equity partially have no effect on stock returns.
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Rizka, Nor Rahma. "Financial Performance in Predicting Stock Return: Study on Non-Financial Companies Listed on IDX." E-Jurnal Akuntansi 32, no. 9 (September 18, 2022): 2787. http://dx.doi.org/10.24843/eja.2022.v32.i09.p12.
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Accounting and financial information are usually given to investors to help predicting the stock returns because the data has the value and historical. This study aims to examine how the ability of financial performance that represent leverage consisting of debt to asset ratio (DAR), debt to equity ratio (DER), and profitability including return on asset (ROA), return on equity (ROE), and net profit margin (NPM) in predicting stock returns. The research applies a final sample of 163 companies of non-financial sector registered in IDX in 2015-2019. This research applies analysis of multiple linear regression. The study results prove that DAR, ROE, NPM have no significant influence toward the stock returns. DER and ROA give such a significant and also negative influence on stock returns. These results mean that investors can consider DER and ROA in predicting stock returns as signals from accounting and financial data.
Keyword: Debt to Asset Ratio, Debt to Equity Ratio; Return on Asset; Return on Equity; Net Profit Margin; Stock Return
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Hlavaty, Melissa, and Christina A. Wargo. "Trauma Return Appointment Study." Journal of Trauma Nursing 19, no. 4 (2012): 208–11. http://dx.doi.org/10.1097/jtn.0b013e31827598dd.
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&NA;. "Trauma Return Appointment Study." Journal of Trauma Nursing 19, no. 4 (2012): 212–13. http://dx.doi.org/10.1097/jtn.0b013e31827bf19e.
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Gohil, Priyanaka R. "A Study on Risk Return Relationship: Analysing the Relation Between Beta and Return of BSE 100 Index." Indian Journal of Applied Research 3, no. 9 (October 1, 2011): 349–51. http://dx.doi.org/10.15373/2249555x/sept2013/105.
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Rezaee, Zabihollah, Phil Malone, and Ghassem Homaifar. "An Assessment Of Event Study Methodologies Using Daily Stock Returns." Journal of Applied Business Research (JABR) 8, no. 1 (October 18, 2011): 78. http://dx.doi.org/10.19030/jabr.v8i1.6186.
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This paper examines Multinational Stock Price reactions to foreign currency translation, using three alternative residual methodologies. The results reveal that when a crude measure such as Mean Adjusted Return, which makes not explicit risk adjustments is used, the null hypothesis of zero abnormal return is rejected in three out of six events. However, market and risk adjusted residual returns reveal that the null hypothesis of zero abnormal return cannot be rejected.
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V.N., Vishweswarsastry, and Binoy Mathew. "An Analytical Study on Harry Markowitz Portfolio Construction of Selected Industries." IRA-International Journal of Management & Social Sciences (ISSN 2455-2267) 15, no. 4 (August 13, 2019): 99. http://dx.doi.org/10.21013/jmss.v15.n4.p2.
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Risk and return are two faces of the same coin, Investments made by the investors are certain whereas the returns expected are uncertain when measured known as risk. The primary objective of the paper is to study the risk and return measures available for decision making, secondly to apply the techniques of beta and standard deviation for analyzing the risk and expected return for analyzing the return and to construct an optimal portfolio by applying Harry Markowitz portfolio construction technique. The Methodology applied is analytical and descriptive and application of Harry Markowitz portfolio Risk and Return techniques for the construction of an optimal portfolio.
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Du, Yujie. "Study of Value Investing based on a Modern Approach." Highlights in Business, Economics and Management 3 (January 20, 2023): 191–96. http://dx.doi.org/10.54097/hbem.v3i.4736.
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Market exploration is necessary to examine and identify attractive deals. This endeavor requires potential investors to analyze the market using effective market hypotheses. This paper focused on exploring value investing as a market and investment pathway. The applicable investment paradigm requires that investors purchase shares in Industries and organizations with promising returns on investment. As a result, investors should target organizations whose share price is lower than the true value. This paper investigated the retail trade industry by exploring randomly selected 20 companies. The 20 companies provided an opportunity to explore the total return of investing in companies between 2015 and 2021. This study used the gross profit margin and return on assets (ROA) as suitable financial ratios to explore the total return of investing in the selected companies. The paper justifies the applicability of gross profit margin and returns on assets (ROA) as financial issues distinguishing between 25% top performers and 25% bottom performers of the 20 selected companies. The analysis showed that 25% of top performers excel in corporate attributes, enhancing the gross profit margin and return on investment. In contrast, the 25% bottom performance lags in market attributes that enhance gross profit margin and return on assets.
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Senohadi, Venni Suryani, and Perminas Pangeran. "PENGARUH NILAI BUKU, ECONOMIC VALUE ADDED, DAN RETURN ON ASSET TERHADAP RETURN SAHAM." Jurnal Riset Manajemen dan Bisnis 9, no. 2 (December 2, 2014): 143. http://dx.doi.org/10.21460/jrmb.2014.92.99.
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This study aimed to examine the effect of the financial performance on banking’s stock return. The study was conducted on 22 banking companies listed in Indonesia Stock Exchange for the period of 2007 to 2009. The results showed that the Return on Assets (ROA) has a positive impact on stock returns. Likewise, Economic Value Added (EVA) has a positive effect on stock returns. Nevertheless, book value (BV) has no effect on stock returns Keywords: Stock Return, Economic Value Added, Return on Assets, Book Value.
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Vega-Carrillo, Héctor René, Eduardo Manzanares-Acuña, María Pilar Iñiguez, Eduardo Gallego, and Alfredo Lorente. "Study of room-return neutrons." Radiation Measurements 42, no. 3 (March 2007): 413–19. http://dx.doi.org/10.1016/j.radmeas.2007.01.036.
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Prasetyo, Yogi Agung, and Desta Rizky Kusuma. "PENGARUH RASIO KEUANGAN TERHADAP PERUBAHAN RETURN SAHAM PADA PERUSAHAAN PERKEBUNAN YANG TERDAFTAR DI BURSA EFEK INDONESIA." Jurnal Fokus Manajemen Bisnis 7, no. 2 (February 13, 2020): 168. http://dx.doi.org/10.12928/fokus.v7i2.1745.
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This study aimed to examine the effect of financial ratios on changes in stock returns in 2010-2014. Objects of this study are plantation company listed on the Indonesia Stock Exchange. The sampling technique used purposive sampling method while data analyst method used multiple linear regression. The results showed that the variable of Total Asset Turnover (TAT) and Return On Assets (ROA) has positive effect on changes in stock return, while variable Current Ratio (CR), Debt to Equity Ratio (DER) and Price Earning Ratio (PER) has no effect on retun stock.
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Dharani, M. "Seasonal Anomalies between S&P CNX Nifty Shariah Index and S&P CNX Nifty Index in India." Journal of Social and Development Sciences 1, no. 3 (April 15, 2011): 101–8. http://dx.doi.org/10.22610/jsds.v1i3.633.
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The present study compares the risk and return of the Nifty Shariah index and Nifty index at days, months and quarters wise during the period 2nd January 2007 to 31st December 2010. The raw returns of the both indices are calculated as today price minus yesterday price divided by yesterday price. The t- test has been used to test the mean returns difference between both indices. The average Monday return of the Nifty Shariah index is compared with average return of the Nifty index by using two sample t-test. Like that, the average returns of the remaining of the days of Nifty Shariah index are compared with average returns of remaining days of the Nifty Index. The study finds that there is no difference between average day -wise returns of the Nifty Shariah index and average day return of the Nifty Index during the study period. The study also compares the average January return of the Nifty Shariah index with average January return of the Nifty index, average February return of the Nifty Shariah index with average return of the Nifty index and so on. Finally, the average return of the first, second, third and fourth quarter of Nifty Shariah with average return of the respective first, second, third and fourth quarter of Nifty index are compared. The study finds that there is a significant difference between average return of the Nifty Shariah and Nifty indices in the month of July and September. It is derived from the study that the Muslim Investors are evincing more interest to sell the shares in the market from July to September. The reason being, expenses inconnection with Ramalan Festival during that period. Therefore, the study confirms that Ramalan effect have been prevailing in the Indian Stock Market. Thus, this study reveals that the seasonal variation exits very much in Shariah Index
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Gambeta, Vaughn, and Roy Kwon. "Risk Return Trade-Off in Relaxed Risk Parity Portfolio Optimization." Journal of Risk and Financial Management 13, no. 10 (October 4, 2020): 237. http://dx.doi.org/10.3390/jrfm13100237.
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This paper formulates a relaxed risk parity optimization model to control the balance of risk parity violation against the total portfolio performance. Risk parity has been criticized as being overly conservative and it is improved by re-introducing the asset expected returns into the model and permitting the portfolio to violate the risk parity condition. This paper proposes the incorporation of an explicit target return goal with an intuitive target return approach into a second-order-cone model of a risk parity optimization. When the target return is greater than risk parity return, a violation to risk parity allocations occurs that is controlled using a computational construct to obtain near-risk parity portfolios to retain as much risk parity-like traits as possible. This model is used to demonstrate empirically that higher returns can be achieved than risk parity without the risk contributions deviating dramatically from the risk parity allocations. Furthermore, this study reveals that the relaxed risk parity model exhibits advantageous traits of robustness to expected returns, which should not deter the use of expected returns in risk parity model.
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Darsyah, Rahmawan, Hari Sukarno, and Elok Sri Utami. "LQ45 Share Return Determinants In Indonesia." International Journal of Scientific Research and Management 8, no. 12 (December 20, 2020): 2049–57. http://dx.doi.org/10.18535/ijsrm/v7i12.em05.
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Return is the result obtained from investment. Returns can be in the form of realized returns that have occurred or expected returns that have not occurred but are expected to occur in the future. Return realization (realized return) is the return that has occurred. Realized return is calculated based on historical data. Return realization is important because it is used as a measure of the company's performance. This return history is also useful as a basis for determining the expected return and risk in the future. Expected return is the return expected by investors in the future. In contrast to realized returns which have already occurred, expected returns have not yet occurred. The performance measurement was also carried out at the LQ45 company. In general, this study aims to synthesize whether the current ratio, equity ratio, dividend payout ratio, dividend yield, earnings per share, price book value, return on assets and total asset turnover are partially determinants of stock return variability. The population in this study were non-banking companies included in the LQ45 according to a circular number: Peng-00028 / BEI.OPP / 01-2018 dated January 25, 2018. Non-bank companies were chosen because the types of products produced were not in the form of services. Hypothesis testing uses multiple linear regression analysis test tools. After analyzing the data, several conclusions can be drawn, namely: only the current ratio, equity ratio, dividend payout ratio, dividend yield, return on assets and total asset turnover partially determine stock returns
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Chen, Yating. "A study of stock returns based on ARMA-GARCH model: Taking the CSI 300 Index as an example." BCP Business & Management 33 (November 20, 2022): 565–72. http://dx.doi.org/10.54691/bcpbm.v33i.2841.
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This paper selects the daily return data of CSI 300 index from January 2, 2014 to September 30, 2020 to study the characteristics of CSI 300 index return volatility. An ARMA(3,3) model was fitted to the daily log returns of the CSI 300 index using R software, and the ARCH effect was found to exist. The returns were then fitted with an ARMA(3,3)-GARCH(1,1) model, the model fitting effect was tested, and finally the short-term returns of the CSI 300 index were predicted. The results of the empirical analysis show that the CSI 300 index return series has characteristics such as non-normal distributivity, spikes and thick tails, and aggregation.
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Hasanudin, H. "Analysis of the Effect of Sales Growth, Inventory Turnover and Growth Opportunities on Profitability and Stock Return." ATESTASI : Jurnal Ilmiah Akuntansi 4, no. 2 (November 21, 2021): 282–90. http://dx.doi.org/10.33096/atestasi.v4i2.837.
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This study aims to determine the effect of sales growth, inventory turnover, and growth opportunities on profitability and stock returns in manufacturing companies in the fast-moving consumer goods sub-sector. For the independent variables, sales growth (X1), inventory turnover (X2), and growth opportunities (X3). The dependent variable is the return on assets (Y1), return on equity (Y2), and stock returns (Y3). The analytical method used is descriptive analysis with Structural Equation Model (SEM) using the financial statements of six fast-moving consumer goods sub-sector manufacturing companies from 2014 – 2018. This study finds that Sales Growth has a positive but not significant effect on Return on Assets. Return on Equity and Stock Return of the company. Inventory Turnover has a positive impact on Return on Assets and Return on Equity of the company, while Inventory Turnover does not affect Stock Return. And Growth Opportunities have a negative influence on Return on Assets, Return on Equity, and Stock Returns.
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Chandrasekaran, Buvanesh, and Rajesh H. Acharya. "A study on volatility and return spillover of exchange-traded funds and their benchmark indices in India." Managerial Finance 46, no. 1 (October 14, 2019): 19–39. http://dx.doi.org/10.1108/mf-01-2019-0025.
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Purpose The purpose of this paper is to empirically examine the volatility and return spillover between exchange-traded funds (ETFs) and their respective benchmark indices in India. The paper uses time series data which consist of equity ETF and respective index returns. Design/methodology/approach The study uses autoregressive moving average–generalized autoregressive conditional heteroscedasticity and autoregressive moving average–exponential generalized autoregressive conditional heteroscedasticity models. The study uses data from the inception date of each ETF to December 2016. Findings The findings of the paper confirm that there is unidirectional return spillover from the benchmark index to ETF returns in most of the ETFs. Furthermore, ETF and benchmark index return have volatility persistence and show the presence of asymmetric volatility wherein a negative news has more influence on volatility compared to a positive news. Finally, unlike unidirectional return spillover, there is a bidirectional volatility spillover between ETF and benchmark index return. Practical implications The study has several practical implications for investors and regulators. A positive daily mean return over a fairly long period of time indicates that the passive equity ETFs can be a viable long-term investment option for ordinary investors. A bidirectional volatility spillover between the ETFs and benchmark index returns calls for the attention of the market regulators to examine the reasons for the same. Originality/value ETFs have seen fast growth in the Indian market in recent years. The present study considers the longest period data possible.
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Setianingsih, Ailia, Raden Irna Afriani, and Emil Dahlia Wiguna. "PENGARUH DEBT TO EQUITY RATIO, RETURN ON INVESTMENT DAN KEBIJAKAN DEVIDEN SEBAGAI VARIABEL MODERATING TERHADAP RETURN SAHAM." Jurnal Revenue : Jurnal Ilmiah Akuntansi 1, no. 2 (February 28, 2021): 243–53. http://dx.doi.org/10.46306/rev.v1i2.29.
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Financial ratios provide information about a company's financial performance and are used as a basis for valuing company stocks that are able to provide high rates of return. The purpose of this study is to determine the effect of debt to equy ratio on stock returns, the effect of return on investment on stock returns, whether dividend policy is able to moderate the relationship between debt to equity ratio on stock returns, and find out whether dividend policy is able to moderate the relationship between return on investment on stock returns This research uses quantitative methods. The research sample was taken from 8 property and real estate subsector companies listed on the Indonesia Stock Exchange in 2015-2019, using 8 purposive sampling techniques. Data collection techniques in this study using secondary data using literature study and documentation. The results of the study are the debt to equity ratio does not significantly influence the stock return with tcount of 0.638 and ttable of 2.026 (0.638 <2.026) with a significance level of 0.528> 0.05. Return on investment does not significantly influence stock returns with a tcount of 1.827 and a table of 2.026 (1.827 <2.026) with a significance level of 0.076> 0.05. Dividend policy is not able to significantly moderate the effect of debt to equity ratio on stock returns. This is indicated by the Rsquare value of the interaction between dividend policy and debt to equity ratio, the results obtained by 0.074 with a significance value of 0.454> 0.05. Dividend policy is not able to significantly moderate the effect of return on investment on stock returns. This is indicated by the Rsquare value of the interaction between dividend policy and return on investment obtained a result of 0.177 with a significance value of 0.355> 0.05. The conclusion in this study is the debt to equity ratio and return on investment does not significantly influence stock returns and dividend policy is not able to significantly moderate the effect of debt to equity ratio and return on investment on stock returns. Keywords: Debt to Equity Ratio, Return On Investment, Dividend Policy, Stock Return
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Panjwani, Dr Kavita, and Vikrant Panjwani. "Performance Evaluation and Growth of Selected Islamic Mutual Funds Schemes: an Analytical Study." Saudi Journal of Economics and Finance 6, no. 8 (August 11, 2022): 264–71. http://dx.doi.org/10.36348/sjef.2022.v06i08.002.
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The most popular way to invest is through mutual funds in today's world. Profitability is particularly high in the Saudi financial market for mutual fund companies. Investors prefer Islamic mutual funds over non-Islamic mutual funds because they believe they are more secure and risk-free. This research aims to vary the customer preferences toward Islamic mutual funds, which offer higher returns within the Saudi economic market. All these will be identified as victimization sure key facts. With the assistance of those critical facts, a capitalist will analyze dissimilar mutual funds and put his cash in an exceeding fund that fits his exposure perception. This study evaluated the Mutual fund returns using, Maximum returns, Minimum returns, and Average returns compounded by the annual growth rate. The standard deviation and risk per average return (standard deviation/average return) have been used to evaluate the risk and return of the funds. Furthermore, fund managers assess the fund’s performance in terms of –Performance for the existing year (YTD) of the fund. As a result of the research, it was discovered that the overall performance of mutual investments in Saudi Arabia's economic market was better than expected for all the selected funds.
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Oswal, Sunny, and Kushagra Goel. "Cross country evaluation of equity return concept: An empirical study about the relationship between actual and expected returns." Corporate Ownership and Control 18, no. 4 (2021): 30–41. http://dx.doi.org/10.22495/cocv18i4art3.
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This paper studies the concept of equity returns and sees whether there is a significant difference between the expected return which is calculated through the capital asset pricing model (CAPM) and the actual return given by the stock. For this study, 10 stocks with maximum market capitalization are taken focusing on 12 countries for our research subdivided into developed and developing countries. The period of study is 10 calendar years from 2010 to 2019. The hypothesis being whether the actual stock returns are significantly different from the expected stock return, for the same paired t-test has been deployed on 120 stocks to check the significance. Further evaluation has been done to check whether the expected return is undervalued or overvalued in reference to the actual return. To check whether there is a significant difference between the actual and expected return across the companies, panel regression was used, and then the same was done to check whether there is a significant difference between countries and also whether there is a significant difference on the basis whether the countries are developed or developing. The authors have existing research confined to particular geographies that discuss VAR models
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Fadlitama, Luthfie, and Wardatul Adawiyah. "THE EFFECT OF MERGERS AND ACQUISITIONS ON ABNORMAL RETURN: CASE STUDY OF 46 LISTED COMPANIES IN INDONESIA STOCK EX- CHANGE (IDX) FROM 2010-2016." Emerging Markets : Business and Management Studies Journal 5, no. 1 (October 10, 2018): 36–48. http://dx.doi.org/10.33555/ijembm.v5i1.54.
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This research aims to analyze whether there is a significant difference of abnormal returns due to the occurrence of mergers and acquisitions activity in which affect the wealth value of the shareholders and to determine the return of the shareholders after mergers and acquisition proportion is announced. In order to calculate the abnormal returns, this research uses two different approach; market model and market adjusted modelEvent study methodology is used to determine the abnormal return using market model and market adjusted model over period 10 days before and 10 days after consummation of mergers and acquisitions. The result of this study shows that significant abnormal returns before and after mergers and acquisitions activity is not exist (accept H0). Furthermore, when proportion (mergers and acquisitions of more than 50% and less than 50% of target interests) is used to analyze the return for shareholders, theresults show that mergers and acquisitions of more than 50% target interests generate positive return for shareholders of acquiring and target firms (reject H0). In mergers and acquisitions of less than 50% only accrue positive return for shareholders of acquiring firms (reject H0) while shareholders of target firms suffer negative return (accept H0)
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Reed, David D., Michael J. Holmes, and James A. Johnson. "A 22-Year Study of Stand Development and Financial Return in Northern Hardwoods." Northern Journal of Applied Forestry 3, no. 1 (March 1, 1986): 35–38. http://dx.doi.org/10.1093/njaf/3.1.35.
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Abstract The stand development and financial returns from eight different cutting procedures in northern hardwood stands are evaluated. Stand tables recommended for northern hardwoods by Arbogast and others could be approximated following one or two 10-year cutting periods using light improvement or basal area limit cuts. Total economic return was greatest in the most severe diameter limit cuts (5-, 12-, and 16-in) but achieving these high initial returns may preclude any further returns for an extended period. The 16-in diameter limit cut provided what may be the best combination of total return and even flow of returns over the 22-year study period. North. J. Appl. For. 3:35-38, Mar. 1986.
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Schmidt-Pokrzywniak, Andrea, and Andreas Stang. "Study of return rate and return time of undeliverable postal letters." European Journal of Epidemiology 25, no. 7 (May 22, 2010): 467–70. http://dx.doi.org/10.1007/s10654-010-9463-3.
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Al-Oshaibat, Suleiman Daood, and Daood Al-Oshaibat. "Form the Optimal Investment Portfolio Applied Study in the Jordanian Banking Sector (2013-2017)." International Business Research 13, no. 3 (February 10, 2020): 79. http://dx.doi.org/10.5539/ibr.v13n3p79.
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The study aimed to form the optimal investment portfolio in the Jordanian banking sector. The research covered a period (2013-2017) and the sample of the study was selected from its community of Jordanian banks listed on the Amman Stock Exchange, consisting of (15) working banks for which the necessary data are available to study.
The importance of the research lies in the formation of a thought and methodology that can be applied and utilized by investors and securities analysts in the management of their investment portfolio.
The study shows that the effective rate of return is higher than the required rate of return in the Jordanian commercial banks. This indicates that the commercial banks have succeeded in their estimates of the required or actual rate of return for the optimal investment portfolio banks. the correlation matrix between returns on each bank in the investment portfolio is mostly low, which confirms that the investment portfolio of Jordanian banks is efficient, as Markowitz stressed on his focus on the correlation coefficient between returns and its impact on the return and risk of the optimal investment portfolio that achieve the highest return at a certain level of risk.
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Setianingsih, Ailia. "PENGARUH DEBT TO EQUITY RATIO, RETURN ON INVESTMENT DAN KEBIJAKAN DEVIDEN SEBAGAI VARIABEL MODERATING TERHADAP RETURN SAHAM." Yudishtira Journal : Indonesian Journal of Finance and Strategy Inside 1, no. 1 (April 30, 2021): 1–11. http://dx.doi.org/10.53363/yud.v1i1.1.
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Financial ratios provide information about a company's financial performance and are used as a basis for valuing company stocks that are able to provide high rates of return.
The purpose of this study is to determine the effect of debt to equy ratio on stock returns, the effect of return on investment on stock returns, whether dividend policy is able to moderate the relationship between debt to equity ratio on stock returns, and find out whether dividend policy is able to moderate the relationship between return on investment on stock returns
This research uses quantitative methods. The research sample was taken from 8 property and real estate subsector companies listed on the Indonesia Stock Exchange in 2015-2019, using 8 purposive sampling techniques. Data collection techniques in this study using secondary data using literature study and documentation.
The results of the study are the debt to equity ratio does not significantly influence the stock return with tcount of 0.638 and ttable of 2.026 (0.638 <2.026) with a significance level of 0.528> 0.05. Return on investment does not significantly influence stock returns with a tcount of 1.827 and a table of 2.026 (1.827 <2.026) with a significance level of 0.076> 0.05. Dividend policy is not able to significantly moderate the effect of debt to equity ratio on stock returns. This is indicated by the Rsquare value of the interaction between dividend policy and debt to equity ratio, the results obtained by 0.074 with a significance value of 0.454> 0.05. Dividend policy is not able to significantly moderate the effect of return on investment on stock returns. This is indicated by the Rsquare value of the interaction between dividend policy and return on investment obtained a result of 0.177 with a significance value of 0.355> 0.05.The conclusion in this study is the debt to equity ratio and return on investment does not significantly influence stock returns and dividend policy is not able to significantly moderate the effect of debt to equity ratio and return on investment on stock returns
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Saravanakumar, S., and A. Mahadevan. "An Empirical Study on the Announcement of Corporate Quarterly Results in India." Journal of Business Theory and Practice 1, no. 1 (February 28, 2013): 119. http://dx.doi.org/10.22158/jbtp.v1n1p119.
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<p>Announcement of quarterly results is the course of communicating the performance of a company to its<br />owners. Investors’ long-term buying decisions are largely based on the earnings stream of the firm. In<br />order to show the progress of the company, the earnings position is revealed as per the listing<br />agreement at a regular interval. Normally a higher earnings than the previous quarter earnings should<br />be welcomed by the market. This should be associated with greater return after the result is announced.<br />All higher return after the announcement cannot say to be due to the earnings results. To find out the<br />impact of results on returns, the impact of other factors in returns is to be segregated. The impact of<br />other factors in return is taken from the index which is nothing but the market return. The<br />announcement of earnings is unique and specific to a company, to study its impact on the market place,<br />the impact of other factors is removed, that is why the period is limited to 32 days and the return is<br />calculated for 31 days. This study examines abnormal returns of earnings announcement during the<br />pre-announcement and post announcement period. This study is based on samples of 50 Nifty<br />companies listed on National Stock Exchange, exhibited that investors do not gain value from earnings<br />announcement. Indeed shareholders earned little value over a period of 15 days prior to the earnings<br />announcement through to 15 days after the announcement. The lower return may be partially<br />compensated because of the current earnings yield. This study also indicates that announcement of<br />result does not convey any useful information to the investing community, which needs to be further<br />investigated.</p>
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Hertina, Dede, and Mohamad Bayu Herdiawan Hidayat. "Financial Performace and Systemic Risk Effect On Stock Return (Case Study on Oil and Gas Companies Listed In IDX Year 2011-2016)." Perisai : Islamic Banking and Finance Journal 2, no. 2 (January 28, 2019): 87. http://dx.doi.org/10.21070/perisai.v2i2.1533.
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This study aimed to determine whether the return on assets, debt to equity ratio, and systematic risk effected on stock returns on oil and gas companies listed on the Stock Exchange period 2011-2016. The research method used was descriptive method verifikatif with research sample as much as 5 oil and gas company. The technique of selecting the sample used purposive sampling, while the method of analysis used was analaisis regresi panel data at significance level 5%, by using Eviews9. Partial result shows that Return On Asset was not influential to stock return and DER have negative and significant effect to stock return, while Beta had positive and significant effect to stock return and simultaneously Return On Asset, DER, and beta have positive effect to stock return
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Pandey, Manas. "Application of Markowitz model in analysing risk and return a case study of BSE stock." Risk Governance and Control: Financial Markets and Institutions 2, no. 1 (2012): 7–15. http://dx.doi.org/10.22495/rgcv2i1art1.
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In this paper the optimal portfolio formation using real life data subject to two different constraint sets is attempted. It is a theoretical framework for the analysis of risk return choices. Decisions are based on the concept of efficient portfolios. Markowitz portfolio analysis gives as output an efficient frontier on which each portfolio is the highest return earning portfolio for a specified level of risk. The investors can reduce their risks and can maximize their return from the investment, The Markowitz portfolio selections were obtained by solving the portfolio optimization problems to get maximum total returns, constrained by minimum allowable risk level. Investors can get lot of information knowledge about how to invest when to invest and why to invest in the particular portfolio. It basically calculates the standard deviation and returns for each of the feasible portfolios and identifies the efficient frontier, the boundary of the feasible portfolios of increasing returns.
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Atahau, Apriani Dorkas Rambu, and Tom Cronje. "Does focus strategy work? A study of bank loan portfolios in Indonesia." Journal of Asia Business Studies 13, no. 3 (July 8, 2019): 450–71. http://dx.doi.org/10.1108/jabs-11-2017-0202.
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PurposeThe purpose of this paper is to determine the impact of loan concentration on the returns of Indonesian banks and examines whether bank ownership types affect the relationship between concentration and returns.Design/methodology/approachThis research uses heuristic measures of concentration: The Hirschman–Herfindahl index and Deviation from Aggregated Averages are applied to Indonesian banks across all sectors. The data covers the pre and post global financial crises periods from 2003-2011 for 109 commercial banks in Indonesia. Panel feasible generalised least squares analysis was applied.FindingsThe findings show that loan concentration increases bank returns. The positive effect of concentration on returns tends to be more significant for domestic-owned banks. In addition, the interaction effect shows that the positive effect of concentration on returns is less for foreign-owned banks.Research limitations/implicationsThe Indonesian central bank changes to the reporting format of sectoral loan allocation by banks since 2012 in terms of the Indonesian Banking Statistics Details of Enhancement matrix requires separate data analysis for 2012 onwards. The findings of this paper could be enhanced by more detailed data like interest rate expenses and bank level sectoral non-performing loans data.Practical implicationsThe findings suggest that a focus strategy provides better returns. Moreover, bank ownership types is an important factor to consider when setting a bank lending policy.Originality/valueThis paper is among the few studies where different measures of loan concentration in combination with measures of return are applied in Indonesia as an emerging Asian country. The research also provides evidence of the impact of concentration on the interest earnings of the loan portfolios of banks in addition to return on assets and return on equity that are generally applied as measures of return in previous research.
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Huang, Chuangxia, Xin Yang, Xiaoguang Yang, and Hu Sheng. "An Empirical Study of the Effect of Investor Sentiment on Returns of Different Industries." Mathematical Problems in Engineering 2014 (2014): 1–11. http://dx.doi.org/10.1155/2014/545723.
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Studies on investor sentiment are mostly focused on the stock market, but little attention has been paid to the effect of investor sentiment on the return of a specific industry. This paper constructs a proxy variable to examine the relationship between investor sentiment and the return of a specific industry, using the Principle Component Analysis, and finds that investor sentiment is positively correlated with the industry return of the current period and negatively correlated with that of one lag period; we classify investor sentiment as optimistic state and pessimistic state and find that optimistic investor sentiment has a positive effect on stock returns of most industries, while pessimistic investor sentiment has no effect on them; this paper further builds a two-state Markov regime switching model and finds that sentiment has different effect on different industries returns on different states of market.
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Sari, Nilam, Kamal Fachrurrozi, and Irhas Rizqy. "Analysis of the Effect of the Probability Ratio on Sharia Stock Return (Study on the List of Undelisting Sharia Stocks in the Jakarta Islamic Index December 2014-2018)." Jurnal Ilmiah Peuradeun 10, no. 2 (May 30, 2022): 421. http://dx.doi.org/10.26811/peuradeun.v10i2.721.
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This research was conducted to determine the effect of Return On Assets, Return On Equity, and Earning Per Share on Sharia Stock Returns in Indonesia. The data used in this study comes from the Indonesia Stock Exchange for the 2014-2018 period. The method used was descriptive statistical analysis and Fixed Effect Model (FEM) panel regression analysis. The results of this study indicated that partially the Return On Asset variable had a negative and significant effect on Sharia Stock Return. While the variables Return On Equity and Earning Per Share partially had a positive and significant effect on Sharia Stock Return. Then, simultaneously the variables Return On Asset, Return On Equity, and Earning Per Share had a positive and significant effect on Sharia Stock Return.
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Won, Jin Woo, Wooyong Jung, Seung Heon Han, Sungmin Yun, and Bonsang Koo. "What Enables a High-Risk Project to Yield High Return from a Construction Contractor’s Perspective?" Sustainability 11, no. 21 (October 27, 2019): 5971. http://dx.doi.org/10.3390/su11215971.
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“High risk high return” is a general rule in the overall industry; however, high-risk projects in the construction industry frequently fail to yield a high return. In order to achieve a sustainable business in the international construction market, contractors require an average to high return yield under high-risk conditions. This study aims to reveal what risk factors and risk management performance enables high-risk projects to yield high returns. The study investigated 124 international construction projects by Korean contractors and classified them into four groups: high-risk high-return (HH), high-risk low-return (HL), low-risk high-return (LH), and low-risk low-return (LL). The study found that risk assessment accuracy was the most important trigger in discriminating between high return projects (HH, LH) and low return projects (HL, LL), whereas risk mitigation performance showed little difference between high return and low return projects. In addition, the contingency amount did not significantly affect project return in HL, LH, and LL projects, but HH projects showed a positive relation between contingency and predicted risk amount. This article contributes to recognizing the differences between high return and low return projects and provides insights for practitioners into the relation between risk management performance and high returns in different risk conditions.
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Iskandar, Yusuf. "THE EFFECTS OF ROA, ROE, NPL, AND OPERATING EXPENSES TO OPERATING REVENUES ON STOCK RETURN AT COMMERCIAL BANKS IN INDONESIA." Jurnal Aplikasi Manajemen 18, no. 4 (December 1, 2020): 704–11. http://dx.doi.org/10.21776/ub.jam.2020.018.04.09.
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Stock return is one indicator to show the performance of banks in Indonesia. This study aimed to empirically examine the effect of return on assets (ROA), return on equity (ROE), non-performing loans (NPL), and operating expenses to operating revenues on stock returns on commercial banks listed on the Indonesia Stock Exchange (IDX) years 2016-2018. For this reason, as many as 15 banks that meet the criteria were taken as samples in this study. The collected data were then analyzed using multiple regression analysis to test the proposed hypotheses. Several findings in this study indicated that each element, namely returns on assets, return on equity, non-performing loans, and operating expenses to operating revenues, respectively, had a significant effect on stock returns. Based on these findings, it was recommended that banking companies could manage financial ratios optimally to maximize stock return.
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Chen, Dylan Siong-Yain, and Venus Khim-Sen Liew. "Impacts of Unusual Market Activity Announcement on Stock Return: Evidence from The Ace Market in Malaysia." Asian Journal of Finance & Accounting 11, no. 2 (December 19, 2019): 169. http://dx.doi.org/10.5296/ajfa.v11i2.15234.
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This study examines the effect of Unusual Market Activity (UMA) announcement on stock return in Malaysian market with a sample of 62 companies listed on the ACE market at Bursa Malaysia for the period of 2007-2015. This study employs event study methodology to show that there were few days in which the average abnormal return (AAR) and cumulative average abnormal return (CAAR) are statistically significant. In addition, this study also further investigates the abnormal return (AR) and cumulative abnormal return (CAR) for individual companies. It was found that majority of the stocks returns fell significantly 30 days after the UMA announcement. The magnitude of the fall in returns ranges from 4% to 234%. Hence, it is not advisable for investors to buy stock after UMA announcement.
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Subramaniam, Chandra. "Detecting Information Content of Corporate Announcements Using Variance Increases: A Methodological Study." Journal of Accounting, Auditing & Finance 12, no. 4 (October 1997): 415–30. http://dx.doi.org/10.1177/0148558x9701200404.
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This paper evaluates various methodologies used in event studies to detect the information content of corporate announcements using the increase in the variance of the security returns. Simulation with daily stock return data show that the Patell procedure, the most commonly used method to detect information content, rejects the null hypothesis of no increase in event-induced return variance too frequently when the null is true. A non-parametric cross-sectional rank test of squared abnormal returns similar to that in Corrado (1989) is proposed that is better specified under the null hypothesis and more powerful under the alternative hypothesis than the parametric tests.
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Chen, Menggen. "Risk-return tradeoff in Chinese stock markets: some recent evidence." International Journal of Emerging Markets 10, no. 3 (July 20, 2015): 448–73. http://dx.doi.org/10.1108/ijoem-06-2012-0058.
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Purpose – The purpose of this paper is to pay more attention to four different research questions at least. One is that this study intends to explore the changes of the risk-return relationship over time, because the institutions and environment have changed a lot and might tend to influence the risk-return regime in the Chinese stock markets. The second question is whether there is any difference for the risk-return relationship between Shanghai and Shenzhen stock markets. The third question is to compare the similarities and dissimilarities of the risk-return tradeoff for different frequency data. The fourth question is to compare the explanation power of different GARCH-M type models which are all widely used in exploring the risk-return tradeoff. Design/methodology/approach – This paper investigates the risk-return tradeoff in the Chinese emerging stock markets with a sample including daily, weekly and monthly market return series. A group of variant specifications of GARCH-M type models are used to test the risk-return tradeoff. Additionally, some diagnostic checks proposed by Engle and Ng (1993) are used in this paper, and this will help to assess the robustness of different models. Findings – The empirical results show that the dynamic risk-return relationship is quite different between Shanghai and Shenzhen stock markets. A positive and statistically significant risk-return relationship is found for the daily returns in Shenzhen Stock Exchange, while the conditional mean of the stock returns is negatively related to the conditional variance in Shanghai Stock Exchange. The risk-return relationship usually becomes much weaker for the lower frequency returns in both markets. A further study with the sub-samples finds a positive and significant risk-return trade-off for both markets in the second stage after July 1, 1999. Originality/value – This paper extends the existing related researches about the Chinese stock markets in several ways. First, this study uses a longer sample to investigate the relationship between stock returns and volatility. Second, this study estimates the returns and volatility relationship with different frequency sample data together. Third, a group of variant specifications of GARCH-M type models are used to test the risk-return tradeoff. In particular, the author employs the Component GARCH-M model which is relatively new in this line of research. Fourth, this study investigates if there is any structural break affecting the risk-return relationship in the Chinese stock markets over time.
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Gunawan, Dora, and Indra Widjaja. "Pengaruh Return on Assets (ROA), Return on Equity (ROE), Debt Equity Ratio (DER), dan Price Earnings Ratio (PER) terhadap Return Saham Perusahaan Consumer Goods." Jurnal Manajemen Bisnis dan Kewirausahaan 5, no. 6 (November 29, 2021): 573. http://dx.doi.org/10.24912/jmbk.v5i6.14950.
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The purpose of this study was to determine the effect of Return on Assets (ROA), Return on Equity (ROE), Debt Equity Ratio (DER), and Price Earnings Ratio (PER) on stock returns of consumer goods companies. The data in this study were taken from 10 consumer goods companies listed on the Indonesia Stock Exchange. The research period is 4 years, namely 2017 until the second quarter of 2020. The method used in this study is to compare the elements in the financial statements. In this study, the method used to analyze the data is multiple linear regression and hypothesis testing between the dependent variable and the independent variable. ROA, ROE, DER, and PER are independent variables, and stock returns are the dependent variable. Based on hypothesis testing, it can be concluded that ROA and DER have a significant positive effect on stock returns. ROE has a significant negative effect on stock returns. And PER has no significant effect on stock returns. While collectively all variables have a significant effect on stock returns. By knowing financial performance as an indicator for investors before investing in the capital market, fundamental analysis is still an effective tool for investors in selecting stocks. Tujuan dari penelitian ini adalah untuk mengetahui pengaruh Return on Assets (ROA), Return on Equity (ROE), Debt Equity Ratio (DER), dan Price Earnings Ratio (PER) terhadap return saham perusahaan barang konsumsi. Data dalam penelitian ini diambil dari 10 perusahaan consumer goods yang terdaftar di Bursa Efek Indonesia. Periode penelitian selama 4 tahun yaitu tahun 2017 sampai dengan triwulan II tahun 2020. Metode yang digunakan dalam penelitian ini adalah membandingkan unsur-unsur pada laporan keuangan. Dalam penelitian ini metode yang digunakan untuk menganalisis data yaitu regresi linier berganda dan pengujian hipotesis antara variabel dependen dan variabel independen. ROA, ROE, DER dan PER adalah variabel independen, dan return saham sebagai variabel dependen. Berdasarkan pengujian hipotesis, diperoleh hasil yang dapat disimpulkan bahwa ROA dan DER berpengaruh signifikan positif terhadap return saham. ROE berpengaruh signifikan negatif terhadap return saham. Dan PER tidak berpengaruh signifikan terhadap return saham. Sedangkan secara bersama-sama semua variabel berpengaruh signifikan terhadap return saham. Dengan mengetahui kinerja keuangan sebagai indikator bagi investor sebelum berinvestasi di pasar modal, maka analisis fundamental masih menjadi salah satu alat yang efektif bagi investor dalam memilih saham.
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Adjei, Frederick A., and Mavis Adjei. "Economic policy uncertainty, market returns and expected return predictability." Journal of Financial Economic Policy 9, no. 3 (August 7, 2017): 242–59. http://dx.doi.org/10.1108/jfep-11-2016-0074.
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Purpose Using the economic policy uncertainty (EPU) index as a proxy for the level of EPU, we study the impact of the level of EPU on the conditional mean of market returns and we examine the predictive power of EPU on future market returns. Design/methodology/approach We employ a GARCH-in-Mean model with exogenous variables. Findings The results show that even after controlling for business cycle effects, EPU is inversely related to contemporaneous market returns. Particularly, the authors find that the negative impact of EPU subsists only during recessions or recessionary states of the economy, and has no discernible effects during expansionary periods. Originality/value This is the first study to examine the predictive power of EPU on future market returns.
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Sudarmaji, Eka, Sri Ambarwati, Aulia Keiko Hubbansyah, and Shinta Budi Astuti. "EVENT STUDY OF IPO IN INDONESIA: PUMP-AND-DUMP & FLIPPING STRATEGY ANALYSIS." Journal of Accounting and Finance Management 1, no. 1 (July 2, 2020): 81–94. http://dx.doi.org/10.38035/jafm.v1i1.14.
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There were three important IPO anomalies: the positive average initial return (improperly called short-term 'underpricing'), the long-term underperformance, and hot/cold IPO. The EVENT STUDY model explained the 'underpricing' based on the assumption that the underwriter sets the initial price equal to the market-perceived true value and investors were rational. IPO prices are affected by demand and supply. The idea of the model was to explore pump-and-dump and flipping patterns exhibited upon IPO anomalies event in Indonesia. Pump-and-dump is the strategy to manipulate stock prices, while flipping was stocks bought at the IPO and sold at early days ta listing date. This strategy oftentimes exhibits anomalous behavior. Some implications of this model for the IPO market were positive 1st-day initial return (IR) and a negative relation cumulative average abnormal 5-days abnormal return (CAAR-5days) for flipping strategy. The other was a relationship between underperformance cumulative average 30-days abnormal returns (CAAR-30days) and cumulative average 5-days (CAAR-5days) abnormal returns in terms of pump-and-dump strategy. Using the relation between the Characteristics (Size of issue, Board and Floating rate) and Macroeconomics Condition (Central Bank Rate, Inflation rate, USD/IDR exchange, and GDP growth), and the IR, a CAAR-5days and a CAAR-30days, this EVENT STUDY explained the existence of the pump-and-dump and flipping pattern in the Indonesian stock exchanges. The Authors implemented a multivariate analysis of variance (MANOVA) to test hypotheses regarding the effect of a three-variables dependent (the initial return, a 5-days abnormal return, and a 30-days abnormal return) into several dependent variables. Using the IPO data taken from 2015-2019, the paper found that this EVENT STUDY explained the existence of pump-and-dump and flipping patterns at the early trading of IPO stocks in the Indonesia Exchange Market.
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FEDOR, Catalin George. "RETURN TO SOCIAL CAPITAL: CASE STUDY." Social Research Reports 11, no. 3 (November 15, 2019): 124–39. http://dx.doi.org/10.33788/srr11.3.9.
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In this paper we propose to reconsider the concept of social capital and to present the results of a study on how social identity is being built, a study conducted on the ground in an ethnic, confessional and cultural community in a period of post-communist transition. The research is a quantitative one. The results highlight the current practical value of the social capital concept, internalized and manifested differently by the different social groups belonging to the same communities. Equally, social capital is a vector of preserving local identity and the community can rely on it to shape its future.
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FEDOR, Catalin George. "RETURN TO SYMBOLIC CAPITAL: CASE STUDY." Social Research Reports 12, no. 2 (December 15, 2020): 27–36. http://dx.doi.org/10.33788/srr12.2.3.
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In this paper we propose to reconsider the concept of symbolic capital, as presented by Bourdieu and as it is understood today, and to present the results of a study on how social identity is being built, a study conducted on the ground in an ethnic, confessional and cultural community in a period of post-communist transition. The research is a quantitative one. The results highlight the current practical value of the symbolic capital concept, internalized and manifested differently by the different social groups belonging to the same communities. Equally, symbolic capital can be a vector of preserving local identity and the community can rely on it to shape its future.
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FEDOR, Catalin George. "RETURN TO CULTURAL CAPITAL: CASE STUDY." Social Research Reports 12 (March 31, 2020): 22–38. http://dx.doi.org/10.33788/srr12.1.2.
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In this paper we propose to reconsider the concept of cultural capital, as presented by Bourdieu and as it is understood today, and to present the results of a study on how social identity is being built, a study conducted on the ground in an ethnic, confessional and cultural community in a period of post-communist transition. The research is a quantitative one. The results highlight the current practical value of the cultural capital concept, internalized and manifested differently by the different social groups belonging to the same communities. Equally, cultural capital can be a vector of preserving local identity and the community can rely on it to shape its future.
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Eni, Yuli, and Rudy Aryanto. "Analysis of Factors that Affect the Movement of Gold’s Price as Investment Alternatives in Indonesia." Advanced Science Letters 21, no. 4 (April 1, 2015): 878–81. http://dx.doi.org/10.1166/asl.2015.5912.
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This study examined the dominant factors that affecting the price of gold. The factors examined are London Gold price returns, the return rate of USD—INR, JCI return, inflation rate, and the return of the EURO—USD currency, which individually or simultaneously can affect the price of gold. The purpose of this study was to investigate how influence the factors that are considered to affect the fluctuation of gold prices and gold prices predicted for the next period which can be used by investors to seek alternative investment to be made. The results will provide information to investors about gold price forecast both long-term and short-term. This study uses secondary data taken from several websites. Further data have been obtained, processed using the method of Multiple Linear Regression Model and the ECM with GARCH models, using e-views 8 and SPSS 22. As for the results obtained from the processing of the data is simultaneously the influence of variable returns no London Gold price, return rate USD—CAD, JCI return, inflation rate, and the return of the EURO currency—USD, with the return of gold in Indonesia. Individually, the variable returns the London Gold price and exchange rate USD—CAD who have an influence on the return of gold prices in Indonesia.
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Siahaan, Yannuke Patricia, Monetarist Butar Butar, and Vebri Lamtarida Silaban. "Pengaruh Profitabilitas Terhadap Harga Saham Pada Perusahaan Manufaktur Sub Sektor Tekstil dan Garmen Yang Terdaftar di Bursa Efek Indonesia." JURNAL MUTIARA AKUNTANSI 7, no. 2 (December 19, 2022): 100–108. http://dx.doi.org/10.51544/jma.v7i2.3474.
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In general, funders have the main objective of obtaining optimum net profit. The phenomenon that occurs in this research is the relationship between asset returns, return of equity prices and fluctuating stock prices in the 2016-2021 period. This study aims to determine the impact of asset returns and unilateral equity returns as well as stock price growth. The sample in this research is garment and textile companies listed on IDX for the 2016-2021 period, which is 6 industries. Data collection is done by collecting secondary data. The data analysis technique used is multiple linear regression, namely 1.974+0.028-0.236. The results of this study indicate that partially Return On Assets (ROA) has an effect on stock prices and the Return On Equity (ROE) variable has no effect on stock prices and based on the F test together Return On Assets (ROA) and Return On Equity (ROE). ) has a significant effect on stock prices. The determination test shows that Return On Asset and Return On Equity have an effect of 93.5%. while 6.5% is influenced by other variables not examined in this study.
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Huang, Yin-Yin, I.-Fei Chen, Chien-Liang Chiu, and Ruey-Chyn Tsaur. "Adjustable Security Proportions in the Fuzzy Portfolio Selection under Guaranteed Return Rates." Mathematics 9, no. 23 (November 25, 2021): 3026. http://dx.doi.org/10.3390/math9233026.
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Based on the concept of high returns as the preference to low returns, this study discusses the adjustable security proportion for excess investment and shortage investment based on the selected guaranteed return rates in a fuzzy environment, in which the return rates for selected securities are characterized by fuzzy variables. We suppose some securities are for excess investment because their return rates are higher than the guaranteed return rates, and the other securities whose return rates are lower than the guaranteed return rates are considered for shortage investment. Then, we solve the proposed expected fuzzy returns by the concept of possibility theory, where fuzzy returns are quantified by possibilistic mean and risks are measured by possibilistic variance, and then we use linear programming model to maximize the expected value of a portfolio’s return under investment risk constraints. Finally, we illustrate two numerical examples to show that the expected return rate under a lower guaranteed return rate is better than a higher guaranteed return rates in different levels of investment risks. In shortage investments, the investment proportion for the selected securities are almost zero under higher investment risks, whereas the portfolio is constructed from those securities in excess investments.
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Lamichhane, Sabina, and Sarina Rai. "Dividends, earnings and stock prices: a case of Nepalese insurance companies." Nepalese Journal of Insurance and Social Security 4, no. 1 (December 31, 2021): 73–86. http://dx.doi.org/10.3126/njiss.v4i1.42362.
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The study examines the relationship among dividends, earnings and stock prices of Nepalese insurance companies. Market price per share and stock return are the dependent variables. The independent variables are earning per share, dividend per share, dividend payout ratio, PE ratio, return on assets and return on equity. This study is based on secondary data of 15 insurance companies with 105 observations for the period of 2011/12 to 2017/18. The data were collected from the annual reports of the selected insurance companies. The regression models are estimated to test the significance and importance of dividends, earnings and stock prices in Nepalese insurance companies.
The result shows that earning per share has a positive impact on market price per share and stock returns. It reveals that increase in earnings per share leads to increase in market price per share and stock returns. Similarly, PE ratio has a positive impact on market price per share and stock returns. It shows that increase in PE ratio leads to increase in market price per share and stock returns. Likewise, return on equity has a positive impact on market price per share and stock returns. Similarly, higher the return on equity, higher would be the market price per share and stock returns. The result also shows that dividend per share has a positive impact on market price per share. It indicates that increase in dividend per share leads to increase in market price per share. Similarly, dividend payout ratio has a positive impact on market price per share. It shows that increase in dividend payout ratio leads to increase in market price per share. Likewise, return on assets has a positive impact on stock return. It shows that higher the return on assets, higher would be the stock returns. However, dividend payout ratio has negative impact on stock return which reveals that higher the dividend payout ratio lower would be the stock return. Likewise, dividend per share has a negative impact on stock return which reveals that higher the dividend per share lower would be the stock return. Similarly, return on assets has negative impact on market price per share which reveals that higher the return on assets lower would be the market price per share.
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Anandasayanan, Saradhadevi. "Stock Return Predictability with Financial Ratios: An Empirical Study of Listed Manufacturing Companies in Sri Lanka." International Journal of Accounting and Financial Reporting 8, no. 4 (October 11, 2018): 471. http://dx.doi.org/10.5296/ijafr.v8i4.14137.
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This study attempts to investigate financial ratios’ predictive power, using the yearly time series data during the period of 2012-2017 for 33 listed manufacturing companies in Colombo Stock Exchange. This study specifically identifies the financial ratios, which are acknowledged as the predictors of stock returns in the share market, to test the stock return predictability. The financial ratios include the ratio of dividend yield, earnings per share, and earnings yield which are most useful and effective on stock return predictability in order to cover a wide range of predictions which have been used by all most all the previous researches. The stock return predictability is analyzed by regressing the dividend yield, earning per share and earning yield respectively on the yearly stock returns from 2012 to 2017. The results show high predictability power, since the R2-value is high and the coefficients are very significant and autocorrelation corrected standard errors. The results reveal that the three ratios hold a somehow predictive power regarding stock returns of the Listed Manufacturing Companies in Colombo Stock Exchange.
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Waskito, Meindro, and Rio Ananda Pratama. "PENGARUH INFLASI DAN RETURN ON EQUITY TERHADAP RETURN SAHAM." Kinerja 3, no. 1 (March 4, 2021): 66–92. http://dx.doi.org/10.34005/kinerja.v3i1.1278.
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The purpose of this study was to determine the effect of inflation and return on equity (ROE) on stock returns of manufacturing companies in the food and beverage sub sector in Indonesia in 2014-2019. The sample used in this study is annual data from 2014 - 2019. Hypothesis testing uses panel data regression analysis. The population in this study are food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange in the period 2014 - 2019. The data used are secondary data with the documentation method. Before analyzing the data, a classic assumption test is held which consists of a normality test, a multicollinearity test, a heteroscedasticity test and an auto correlation test. The analytical method used is panel data regression analysis. Based on the results of data analysis and discussion, inflation does not have a significant negative effect on the stock returns of the manufacturing companies in the food and beverage sub sector and return on equity (ROE) has a significant positive effect on the stock returns of the manufacturing companies in the food and beverage sub sector.