Settlement Of Stock Price Issues With Dividend Payout Ratio And Debt To Asset Ratio As Moderating Variables In The Retail Sub Sector
This study aims to examine the effect of Net Profit Margin (NPM), Quick Margin (QR), and Receivable Turnover Ratio (RT) on stock prices moderated by Dividend Payout Ratio and Debt to Asset Ratio. This study uses the research object of retail sub-sector companies in Southeast Asia for the period 2012-2020. The data collected is secondary data with the documentation method in the form of the company's annual report. In this study, the sampling used nonprobability sampling technique with purposive sampling type, in which there are 10 companies in Southeast Asia that have complete financial statements according to the variables studied so that 72 research samples are obtained. The research method uses descriptive analysis, classical assumption test, measurement with autocorrelation. Multiple regression analysis, moderated regression analysis, adjusted R2. The results of this study are that NPM and RCT have no significant and partial effect on stock prices, while QR has a partial and significant effect on stock prices. The F test shows the results that NPM, QR, and RCT have a simultaneous effect on stock prices. In the results of the DPR MRA test, it can moderate the effect of NPM, QR, and RCT on stock prices, while DAR can only moderate the effect of RCT on stock prices.
Azis, Musdalifah, et al (2015). "Fundamental, Technical Investment Management, Investor Behavior and Stock Returns". Deepublish, Sleman (2015).
Brigham, Houston (2018). "Finance Management Fundamentals". Salemba Mepat Publisher, South Jakarta (2018)
Bustani. Kurniaty. Widyanti, Rahmi. (2021). The Effect of Earning Per Share, Price to Book Value, Dividend Payout Ratio, and Net Profit Margin on the Stock Price in Indonesia Stock Exchange. International Journal of Science, Technology & Management (2021). : http://dx.doi.org/10.30588/jmp.v11i1.810.
Christi, Verina, Munari (2020), " The Effect of Financial Ratios on Stock Prices in Cigarette Companies Listed on the Indonesia Stock Exchange". East Java Veterans National Development University (2019). https://doi.org/10.24843/EJMUNUD.2021.v10.i05.p05 .
Fadli Achmad Agus Yasin (2018), “ The Effect of Current Ratio (Cr) and Debt To Total Asset Ratio (Dar) on Net Profit Margin (Npm) At Pt. Ultrajaya Milk Industry & Trading Company Tbk And Pt. Mayora Indah Tbk Period 2009 – 2016.” Pamulang University (2018). ISSN (online): 2581-2777.
Fahmi, Irham (2020). Financial Statement Analysis. Alfabeta, Bandung (2020).
Fauziah, F. (2017). “Bank Health, Dividend Policy and Corporate Value, Theory and Empirical Studies. Samarinda”: Horizon Library RV. (2017)
Ghozali, Imam. (2018). “Application of Multivariate Analysis With IBM SPSS 25 Program 9th edition.” Diponegoro University Publishing Agency. Semarang (2018)
Hasanuddin. (2022). "The effect of return on assets, debt to asset ratio and current ratio on stock prices in transportation sub-sector companies on the Indonesia Stock Exchange (IDX) for the 2014-2019 period". Scientific Journal of Accounting and Finance. doi.org/10.32670/fairvalue.v4i7.1285
Horas Jan (2020). " The Effect of Profitability on Dividend Policy With Panel Data Analysis on Multi-Businesses on the Indonesian Stock Exchange for the 2007-2017 Period". e-Journal of Economic Appreciation. E.ISSN : 2613-9774
Hung, Dang Ngoc; Viet Ha, Hoang Thi; Binh, Dang Thai. (2018). Impact of Accounting Information on Financial Statements to the Stock Price of the Energy Enterprises Listed on Vietnam's Stock Market. International Journal of Energy Economics and Policy. : ISSN:2146-4553
Indonesian Institute of Accountants (2019). Basic Level Module (CAFB) Financial Management, Indonesian Institute of Accountants, Central Jakarta (2019).
Horras, Jan (2020). " The Effect of Profitability on Dividend Policy With Panel Data Analysis on Multi-Businesses on the Indonesian Stock Exchange for the 2007-2017 Period". e-Journal of Economic Appreciation. ISSN Online : 2613-9774
Cashmere (2019). "Financial Statement Analysis". PT Rajagrafindo Persada, Depok City. (2019).
Lina Istiani, et al. (2021). The Effect Of Current Ratio, Return On Equity, Receivable Turnover And Interest On Share Prices In Sub-Sector Companies Of Property And Real Estate Registered In Indonesia Stock Exchange 2014-2018. Pakuan University. (2021).
Mahruzal., Gaddafi, Muammar. (2020). The Influence of Gross Profit Margin, Operating Profit Margin and Net Profit Margin on the Stock Price of Consumer Good Industry in the Indonesia Stock Exchange on 2012-2014. International Journal of Business, Economics and Social Development. (2020) https://doi.org/10.46336/ijbesd.v1i3.53
Marbun, Ramlon. Buha, Roni Sitohang. (2021). Company Profit Growth And Quick Ratio On Stock Price: An Evidence Of Oil And Gas Companies In Indonesia Stock Exchange. JIMEA | MEA Scientific Journal (Management, Economics, and Accounting). (2021) https://doi.org/10.31955/mea.vol5.iss3.pp848-856
Paweroi, Arsyad. (2021). The Effect Of Return On Equity, Earning Per Share, And Debt To Total Asset Ratio On Stock Price In Industry. Journal of Research Innovation. (2021). https://doi.org/10.47492/jip.v1i11.482 .
Saumi, T, F., & Nasrullah, A. (2020). SPSS Statistics Practicum. (2020)
Sidabutar, Edward, et al (2019). "The effect of capital structure, receivables turnover and dividend payout ratio on stock prices". ACCOUNTABLE Journal of Accounting and Finance. E-ISSN 2528-1115179.
Singh, Narinder Pal, et al. (2019). The Effect of Dividend Policy on Stock Price: Evidence from the Indian Market. Asia-Pacific Journal of Management Research and Innovation. (2019). https://doi.org/10.1177%2F2319510X19825729
Sugiyono. (2019). " Quantitative & Qualitative Research Methods ". Alphabet. Jakarta (2019).
Sulaeman Dede, et al (2019). "Financial management". Jakarta. (2019).
Sunaryo, Deni. (2020). The Effect of Net Profit Margin, Return on Assets, Return on Equity on Share Prices in The Southeast Asian Metal Industry. International Journal of Business, Economics and Social Development. International Journal of Science, Technology & Management. (2020). https://doi.org/10.46729/ijstm.v1i3.47 .
Sylvia, Aura Chika (2021). " The Effect of Return on Assets, Net Profit Margin and Dividend Policy on Stock Prices with Firm Value as a Moderating Variable for Retail Subsector Companies on the Southeast Asian Stock Exchange for the 2012-2019 Period". Serang Raya University. (2021).
Yulianti, Mira. (2016). The Influence Of Net Profit Margin (Npm), Return On Assets (Roa), And Return On Equity (Roe) On The Stock Price Index Of The Food And Beverages Company Listed In Bei 2010-2014. Universitas Islam Bandung. (2021). ISSN: 2460-6561.
Zulfikar (2016). "Introduction to the Capital Market with a Statistical Approach". Depublish Publisher. Sleman. (2016)
Copyright (c) 2023 Denny Kurnia, Deni Sunaryo
This work is licensed under a Creative Commons Attribution 4.0 International License.
Author(s) retain the copyright of articles published in this journal, with first publication rights granted to JAK (Jurnal Akuntansi) : Kajian Ilmiah Akuntansi This Work by JAK (Jurnal Akuntansi) : Kajian Ilmiah Akuntansi is licensed under a Creative Commons Attribution 4.0 International License. This license permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited