PENGARUH RETURN SAHAM, ASSETS TURNOVER, LEVERAGE, DAN PRICE TO BOOK VALUE TERHADAP DEVIASI ACTUAL GROWTH RATE DARI SUSTAINABLE GROWTH RATE
DOI:
https://doi.org/10.31000/c.v4i2.2867Abstrak
The purpose of this study was to determine the effect of stock returns, asset turnover, leverage, and price to book value to the deviation of the actual growth rate of sustainable growth rates in manufacturing companies on the Indonesia Stock Exchange (IDX). The time period of the study is 4 years, namely the period 2015-2018. The population of this study includes all manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2015-2018 period. The sampling technique uses
purposive sampling technique. Based on the established criteria obtained by 17 companies. The type of data used is secondary data obtained from the Indonesia Stock Exchange website. The analytical method used is panel data regression analysis.The results showed that stock returns, asset turnover, and leverage significantly positive effect on the deviation of the actual growth rate of the sustainable growth rate, price to book value had a significant negative effect on the deviation of the actual growth
rate of the sustainable growth rate, and stock returns, asset turnover,leverage , and price to book value together affect the actual growth rate deviation from the sustainable growth rate.
Referensi
Arifin, Dedy Samsul, Sarita, B., DanMadi, Riski Amalia. 2018. Pengaruh Likuiditas, Leverage, Ukuran Perusahaan Dan
Pertumbuhan Penjualan Terhadap Profitabilitas. Kendari: Universitas Halu Oleo.
Ghozali, Imam. 2013. Aplikasi Analisis Multivariate Dengan Program Spss. Edisi Ketujuh. Semarang: Badan Penerbit Universitas Diponegoro.
Gunawan, Barbara, Dan Dian Puteri Leonnita. 2015. Pengaruh Kinerja Keuangan Terhadap Deviation Actual Growth Rate Dari Sustainable Growth Rate. Jurnal Riset Akuntansi Dan Bisnis Vol. 15 (2). Yogyakarta: Universitas Muhammadiyah Yogyakarta.
Hakim, M. Z. (2018). Going Concern Audit Determination In Indonesian Agricultural Sector. Jabi (Jurnal Akuntansi Berkelanjutan Indonesia), 1(2), 226-235.
Hakim, M. Z. (2017). Determinan Konservatisme Akuntansi Pada Industri Dasar Dan Kimia Periode 2012-2014. Competitive, 1(1), 111-135.
Hakim, M. Z., & Abbas, D. S. (2019). Pengaruh Price Earning Ratio, Earning Per Share, Return On Equity, Debt To Equity Ratio Dan Net Profit Margin Terhadap Return Saham (Pada Sektor Property AndReal Estate Yang Terdaftar Di Bursa Efek Indonesia Periode 2013-2017). Competitive, 3(1), 1-20.
Hermuningsih, Sri, Rahmawati, A. D., Dan Mujino. 2018. Faktor-Faktor
Yang Mempengaruhi Return Saham. Jurnal Ekonomi Dan Bisnis.Malang: Universitas Islam Sultan Agung.
Hery. 2016. Financial Ratio For Business. Jakarta: Pt. Grasindo.3Nasim, Arim, Dan Fetti Rizki Irnama. 2015. Pengaruh Profit Margin, Assets Turnover Dan Leverage Terhadap Sustainable Growth Rate Pada Perusahaan Sektor Jasa Yang Terdaftar Di Bursa Efek Indonesia Periode 2010-2012. Jurnal E-Akuntansi, Vol. 3 (1). Bandung: Universitas Pendidikan Indonesia.Pandoyo, Dan Sofyan, M. 2018. Metodologi Penelitian Keuangan Dan Bisnis. Bogor: In Media.
Parmanto, S. W., Dan Murtini, H. 2014. Determinan Deviasi Antara Actual
Dan Sustainable Growth Rate Manufaktur Di Indonesia. Accounting Analysis Journal Vol. 3(3). Semarang: Universitas Negeri Semarang.
Putra, A. Y. 2015. Pengaruh Profitabilitas, Nilai Pasar, Likuiditas Dan Financial Leverage Terhadap Deviasi Actual Growth Rate Dari Sustainable Growth Rate. Skripsi. Jakarta: Universitas Negeri Jakarta.
Saputro, Adimas Wahyu, Dan Agus Purwanto. 2013. Pengaruh Hubungan Kinerja, Likuiditas Dan Return Saham Terhadap Deviasi Actual Growth Rate Dari
Sustainable Growth Rate Pada Perusahaan Manufaktur Di Bursa Efek Indonesia. Jurnal E-Akuntansi, Vol. 2 (3). Semarang: Fakultas Ekonomika Dan Bisnis Universitas Diponegoro.
Sari, M., Dan Jufrizen. 2019. Pengaruh Price Earning Ratio Dan Return On Asset Terhadap Price To Book Value. Kumpulan Riset Akuntansi Vol. 10(2). Medan: Universitas Muhammadiyah Sumatera Utara.
Unduhan
Diterbitkan
Terbitan
Bagian
Lisensi
Â
The authors who publish in this journal agree to the following terms:
Â
The authors retain copyright and grant the journal the right of first publication, with the work simultaneously licensed under a Lisensi Atribusi Creative Commons (CC BY) that allows others to share the work with acknowledgment of the work’s authorship and its initial publication in this journal.
Â
Authors may enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal’s published version of the work (for example, posting it to an institutional repository or publishing it in a book), with acknowledgment of its initial publication in this journal.
Â
Authors are permitted and encouraged to post their work online (for example, in institutional repositories or on their personal websites) prior to and during the submission process, as this can lead to productive exchanges as well as earlier and greater citation of the published work (see The Pengaruh Akses Terbuka ).
Â
The Competitive Journal of Accounting and Finance applies the CC-BY-SA license or its equivalent as the optimal license for the publication, distribution, use, and reuse of scholarly works.
Â
In developing strategies and setting priorities, the Competitive Journal of Accounting and Finance of Muhammadiyah University of Tangerang recognizes that free access is better than paid access, gratis access is better than restricted access, and libre under CC-BY-SA or its equivalent is better than libre under more restrictive open licenses. We must achieve what we can when we can. We must not delay achieving freedom in order to reach libre, and we must not stop at freedom when we can achieve libre.
