Effect of Capital Expenditure and Return on Assets on Capital Gains of Consumer Non-Cyclicals Companies Listed on the Indonesia Stock E
DOI:
https://doi.org/10.32497/jobs.v8i2.4108Keywords:
Capital Gain, Capital Expenditure, and Return On AssetAbstract
This study aims to determine the influance of Capital Expenditure and Return on Assets on the Capital Gain of non-cyclical consumer sector companies listed on the Indonesia Stock Exchange for the 2015-2019 period. This study uses a quantitative approach, the population is a non-cyclical consumer sector listed in Indonesia Stock Exchange before 2015, as many as 59 company. The sampling was carry out purposively and 35 companies were obtained as samples. Data analysis techniques include descriptive statistical analysis, classical assumption test, multiple linear analysis, hypothesis testing (t test), and analysis of the coefficient of determination. Data processing was carried out using SPSS version 25. The results of this study indicate that the capital expenditure variable has no effect on capital gains. Meanwhile, the return on assets variable has an effect on capital gainsReferences
Abdurofi, I. (2021). Capital Gain Predictability Using Financial Ratios : A Case Study Of Agribusiness Stocks. International Journal of Food and Agricultural Economics, 9(4), 287”“295.
Ahmed, A. H. (2020). Effect Of Capital Expenditure On Working Capital Management Of Listed Cement Companies In Nigeria. 7(7).
Ahmed, A. H., & Muhammed, R. M. (2020). Effect Of Capital Expenditure On Working Capital Management Of Listed Cement Companies In Nigeria. International Journal of Innovative Research and Advanced Studies (IJIRAS), 7(7).
Aini, N., Susilowati, Y., Murdianto, A., & Wulandari, P. (2020). Pengaruh Return on Asset, Current Ratio, Debt To Equity Ratio, Dan Pertumbuhan Aset Terhadap Return Saham. Pengaruh Return on Asset, Current Ratio, Debt To Equity Ratio, Dan Pertumbuhan Aset Terhadap Return Saham, 1997, 978”“979.
Bahri, S. (2018). Pengaruh Kinerja Keuangan Terhadap Harga Saham (Studi Pada Perusahaan Sub Sektor Makanan Dan Minuman Yang Terdaftar Di Bursa Efek Indonesia). JRAK, 9(1), 1”“21.
Brigham, E. F., & Houston, J. F. (2011). Dasar-dasar Manajemen Keuangan, Buku 2 (11th ed.). Salemba Empat.
Dewi, M. (2018). Pengaruh Kinerja Keuangan dan Risiko terhadap Return Saham pada Perusahaan Sektor Consumer Goods Industry di BE. JURNAL PENELITIAN EKONOMI AKUNTANSI, 1(1), 128”“138.
Fitroh, A. K., & Fauziah, F. E. (2022). Pengaruh Return on Asset , Firm Size dan Price Earning Ratio Terhadap Return Saham. Jurnal Rekognisi Ekonomi Islam, 1(1), 135”“146.
Gitman, L. J., & Zutter, C. J. (2015). Principles of Managerial finance. In Pearson (Fourteenth). Pearson Eduaction Limited.
Griner, E. H., & Gordon, A. (1995). Internal Cash Flow, Insider Ownership, And Capital Expenditures: A Test Of The Pecking Order And Managerial Hypotheses. Journal of Business Finance and Accounting, 22(March).
Hadi, N. (2013). Pasar Modal : Acuan Teoretis dan Praktis Investasi di Instrumen Keuangan Pasar Modal. Graha ilmu : Yogyakarta.
Hansel, J., & Juniarti, J. (2020). Pengaruh Capital Expenditure Terhadap Respon Investor Pada Perusahaan Sektor Pertambangan Tahun 2014-2018. Business Accounting Review.
Hartono, J. (2009). Teori Portofolio dan Analisis Investasi. BPFE Yogyakarta.
Jorghi, L. P., & Juniarti. (2020). Pengaruh Capital Expenditure Terhadap Respon Investor Pada Perusahaan Sektor Pertambangan Tahun 2014-2018. Business Accounting Review.
Laulita, N. B., & Yanni, Y. (2022). Pengaruh Return On Asset (ROA), Return On Equity (ROE), Debt To Equity Ratio (DER), Earning Per Share (EPS) dan Net Profit Margin (NPM) terhadap Return ”¦. YUME: Journal of Management, 5(1), 232”“244. https://doi.org/10.37531/yume.vxix.467
Mangantar, A. A. A., Mangantar, M., Baramuli, D. N., Ekonomi, F., Bisnis, D., Manajemen, J., Sam, U., & Manado, R. (2020). Pengaruh Return on Asset, Return on Equity Dan Debt To Equity Ratio Terhadap Return Saham Pada Subsektor Food and Beverage Di Bursa Efek Indonesia. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi, 8(1), 272”“281.
Nadyayani, D. A. D., & Suarjaya, A. A. G. (2021). The Effect Of Profitability On Stock Return. American Journal of Humanities and Social Sciences Research (AJHSSR), 5(1), 695”“703.
Pitoyo, K. O., & Hamzah, Z. Z. (2021). Pengaruh Earning Per Share, Return on Asset Dan Return on Equity Terhadap Return Saham Pada Perusahaan Consumer Goods ”¦. Jurismata, 3(1).
Ramly, Rasulong, I., Buyung, R., Alamsjah, Gustiningsih, D. A., & Ramlah. (2019). Relationship between Fundamental Signals and Cash Flow Information on Stock Return after the Convergence of IFRS. Advances in Economics, Business and Management Research (AEBMR), 92, 319”“325.
Rialni, N. N. (2021). Pengaruh Realisasi Belanja Modal dan PDB Terhadap Capital Gain Saham Konstruksi BUMN. Jurnal Ilmiah Mahasiswa FEB.
Sharma, S. S., Narayan, P. K., Thuraisamy, K., & Laila, N. (2019). Is Indonesia”™s stock market different when it comes to predictability? Emerging Markets Review, 40, 100623. https://doi.org/10.1016/j.ememar.2019.100623
Simorangkir, R. T. M. C. (2019). Pengaruh Kinerja Keuangan Terhadap Return Saham Perusahaan Pertambangan. Jurnal Bisnis Dan Akuntansi, 21(2), 155”“164. https://doi.org/10.34208/jba.v21i2.616
Sudirman. (2015). Pasar Modal Dan Manajemen Portofolio (R. Darwis (ed.); Issue January). Sultan Amai Press.
Downloads
Published
Issue
Section
License
Authors who publish with this journal agree to the following terms:
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
