Kemampuan Nilai Perusahaan Memoderasi Pengaruh Good Corporate Governance Dan Profitabilitas Terhadap Return Saham Perusahaan Manufaktur
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Institusion
Universitas Muhammadiyah Surakarta
Author
Sitoresmi Andari, Kusumaningtyas
, Andy Dwi Bayu Bawono, SE., M.Si., Ph.D
, Andy Dwi Bayu Bawono, SE., M.Si., Ph.D
Subject
HB Economic Theory
Datestamp
2022-05-25 04:37:39
Abstract :
Stock return is profit income which is the main goal of an investor when investing in stock market trading. This study aims to determine the ability of firm value in moderating the effect of Good Corporate Governance and Profitability on stock returns of manufacturing companies. The population in this study are manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period 2018-2020. The sampling method in this study used purposive sampling technique and obtained as many as 162 companies as samples. Data analysis was carried out by classical assumption test and hypothesis testing using multiple linear regression and moderating regression using the SPSS 25 program. The results of multiple regression testing showed that institutional ownership and return on assets had an effect on stock returns, but managerial ownership, independent commissioners and committees audit has no effect on stock returns. Meanwhile, the results of the moderation regression test show that firm value is able to moderate return on assets to stock returns, but is unable to moderate institutional ownership, managerial ownership, independent commissioners and audit committees on stock returns.
Stock return is profit income which is the main goal of an investor when investing in stock market trading. This study aims to determine the ability of firm value in moderating the effect of Good Corporate Governance and Profitability on stock returns of manufacturing companies. The population in this study are manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period 2018-2020. The sampling method in this study used purposive sampling technique and obtained as many as 162 companies as samples. Data analysis was carried out by classical assumption test and hypothesis testing using multiple linear regression and moderating regression using the SPSS 25 program. The results of multiple regression testing showed that institutional ownership and return on assets had an effect on stock returns, but managerial ownership, independent commissioners and committees audit has no effect on stock returns. Meanwhile, the results of the moderation regression test show that firm value is able to moderate return on assets to stock returns, but is unable to moderate institutional ownership, managerial ownership, independent commissioners and audit committees on stock returns.
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