Pengaruh Profitabilitas dan Likuiditas terhadap Keputusan Stock Split dengan Mediasi Tingkat Kemahalan Harga

  • Muhammad Sapruwan Universitas Pelita Bangsa
  • Jurlis Marsemes Here Universitas Pelita Bangsa
Abstract views: 14 , PDF (Bahasa Indonesia) downloads: 11
Keywords: Profitability, Liquidity, Price Expensiveness, Stock Split Decision

Abstract

Since semester 2 of 2020, when COVID-19 began to be handled well, world economic developments began to show positive growth. In 2021, world economic growth is 5.9% and Indonesia's economic growth is 3.7%, it is estimated that world economic growth in 2022 will be at 4.5% and Indonesia at 5.1%. This also has an impact on the movement of world stock exchanges and also the Indonesian stock market. ICI was at 5,900 at the end of 2020, at the end of 2021 it reached 6,500 and even reached 7,200 at the end of April 2022. This shows that the Indonesian capital market is very attractive to investors. One of the biggest banks in Indonesia, PT Bank Central Asia Tbk, has a market capitalization of Rp. 930 T in 2021, making it a very appealing investment. However, the share price of this bank is only IDR 36,600. With the high level of stock prices acting as a mediator, the goal of this study is to ascertain the impact of profitability and liquidity on stock split decisions. This study uses secondary data from 2014 to 2022 Q1 financial statements. This research uses SEM analysis technique using SmartPLS. As a result, profitability has a significant positive effect on stock split decisions through the mediation of price expensiveness levels and liquidity has a significant negative effect on stock split decisions through mediation of price expensiveness levels.

Downloads

Download data is not yet available.

References

Brigham,E.F & Houton, J.F. (2014). Fundamental of Financial Management

Christiana, I., et al, (2021). Pengaruh ROE dan EPS terhadap harga saham melalui PBV sebagai variabel intervening, Proceding Seminar Nasional Kewirausahaan, 2(1), 2021, hal 879-891, ISSN 2714-8785 https://doi.org/10.30596/snk.v2i1.8402

Fahmi, I. (2015). Manajemen Keuangan, Bandung: Alfabeta

Firdaus, I. (2019). Pengaruh DER, PER Dan ROA Terhadap PBV Pada Industri Perbankan. Jurnal Ekonomi, 24(2), 242–255. https://doi.org/10.24912/je.v24i2.581

Ghozali, I. (2018). Aplikasi Analisis Multivariate dengan Program IBM SPSS 25. Edisi 9, Semarang: Universitas Diponegoro

Gunasih, dan Nursasmito, Irfan. (2015). The Evaluation of Non-Economic Event Towards the LQ45 Index in Indonesia Stock Exchange by Using Event Study Method, Integrative Busines & Economic Research. Vol. 4, No. 2. https://sibresearch.org/uploads/2/7/9/9/2799227/riber_k15-030_106-120.pdf

Hair, J.F., Risher, J.J., Sarstedt, M. and Ringle, C.M. (2019). When to use and how to report the results of PLS-SEM. European Business Review, Vol. 31 No. 1, pp. 2-24. https://doi.org/10.1108/EBR-11-2018-0203

Halima, N., Sundus et al, (2017). Pengaruh ROA, CAR, NPL, LDR, BOPO terhadap nilai perusahaan bank umum, Vol. 5 No. 1, July 2017, 14-25, Jurnal Akuntansi, Ekonomi dan Manajemen Bisnis. https://doi.org/10.30871/jaemb.v5i1.448

Handayani, N. P. P. D., et al, (2017). Analisis Tingkat Kemahalan Harga, Return Saham, Eps Dan Likuiditas Perdagangan Saham Terhadap Keputusan Stock Split. E-Jurnal Akuntansi, 19(1), 827-854. https://ojs.unud.ac.id/index.php/akuntansi/article/view/28525

Hardika, N. S., Mahayana, I, D, M., & Marhaeni, K. E. (2018). Analisis Faktor Yang Mempengaruhi Nilai Perusahaan Pada Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Bisnis Dan Kewirausahaan, 14(3), 152-159. https://dx.doi.org/10.31940/jbk.v14i3.1058

Hartono, J. (2017). Teori Portofolio dan Analisis Investasi, Edisi. Kesepuluh. Yogyakarta: BPFE.

Hery. (2016). Analisis Laporan Keuangan. Jakarta : PT. Grasindo.

Hunjra, A. I., Ijaz, M. S., Chani, M. I., Hassan, S. ul, & Mustafa, U. (2014). Impact of dividend policy, earning per share, return on equity, profit after tax on stock prices. International Journal of Economics and Empirical Research, 2(23), 109–115. https://mpra.ub.uni-muenchen.de/60793/1/MPRA_paper_60793.pdf

Investor. Id, Investor Lokal Masuk, Dorong IHSG Menguat, Sabtu, 13 Maret 2021 | 21:43 WIB, Nabi Alfaruq (nabil.alfaruq@beritasatumedia.com), Farid Firdaus (farid.firdaus@beritasatumedia.com), Totok Subagyo (totok_hs@investor.co.id)

Kasmir. (2014). Analisis Laporan Keuangan, Edisi Ketujuh, Rajawali Pres: Jakarta

Kurniawati, I. (2003), Analisis Kandungan Informasi Stock Split dan Likuiditas Saham: Studi Empiris Pada Non-synchronous Trading, Jurnal Riset Akuntansi Indonesia, Vol. 6, No. 3, September, hal. 264-275. http://doi.org/10.33312/ijar.103

Lucyanda, J., & Anggriawan, D. (2015). Pengaruh Tingkat Kemahalan Harga Saham, Kinerja Keuangan Perusahaan Dan Likuiditas Perdagangan Saham Terhadap Keputusan Perusahaan Melakukan Stock Split. JURNAL AKUNTANSI UNIVERSITAS JEMBER, 9(2), 1-16. https://doi.org/10.19184/jauj.v9i2.1236

Mirza, A., & Nasir, A. (2011). Pengaruh Nilai Kurs, Inflasi, Suku Bunga Deposito dan Volume Perdagangan Saham terhadap Return Saham pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia. Jurnal Ekonomi Universitas Riau, vol. 19, no. 04, 2011. https://ejournal.unri.ac.id/JE/article/view/826/

Prihadi, T. (2012). Analisis Laporan Keuangan Lanjutan Proyeksi dan Valuasi, Jakarta, PPM

Puspita, N. R. (2018). Determinan Keputusan Stock Split Perusahaan

(Studi Pada Perusahaan Go Public Yang Terdaftar Di Bei). Terbit jurnal

Manajemen Bisnis Indonesia: Edisi 2 tahun 2018. https://journal.student.uny.ac.id/index.php/jmbi/article/view/12913

Riani, D., Rumiasih, N., Nurokhmah, S., & Imam Sundarta, M. (2021). Determinan Keputusan Stock Split Pada Perusahaan Go Public. Neraca Keuangan : Jurnal Ilmiah Akuntansi Dan Keuangan, 16(2), 1–12. https://doi.org/10.32832/neraca.v16i2.5415

Sartono, A. (2015). Manajemen Keungan Teori dan Aplikasi. Edisi keempat. Jogyakarta: BPFF

Sherman, E.H. (2015). A Manager’s Guide to financial analysis (6th Ed). New York City: American Management Association

Sholihin, M., & Ratmono, D. (2013). Analisis SEM-PLS dengan WarpPLS 3.0 untuk Hubungan Nonlinier dalam Penelitian Sosial dan Bisnis. Yogyakarta: CV ANDI OFFSET.

Sujarweni, W. (2015). SPSS Untuk Penelitian. Yogyakarta: Pustaka Baru Press.

Suparno et al, (2017) Pengaruh Intellectual capital dan Earning per share terhadap nilai perusahaan (Studi empiris pada perusahaan LQ45 yang terdaftar di Bursa Efek Indonesia periode 2010 – 2014), Jurnal Manajemen dan Keuangan, Vol.6, No.1, Mei 2017. https://ejurnalunsam.id/index.php/jmk/article/view/218

Sutrisno. (2013), Manajemen Keuangan,Teori Konsep dan Aplikasi, Yogyakarta, Penerbit Ekonisia, FE-UUI.

Tandelilin, E. (2010). Portofolio dan Investasi Teori dan Aplikasi, Yogyakarta: Kanisius

Wahyuningsih, T., & Susetyo, A. (2020). Pengaruh ROE, TVA, dan DER Terhadap Return Saham pada Perusahaan Sub Sektor Perbankan dengan PBV sebagai Variabel Intervening. Jurnal Ilmiah Mahasiswa Manajemen, Bisnis Dan Akuntansi (JIMMBA), 2(2), 228-239. https://doi.org/10.32639/jimmba.v2i2.465

Yunus, Mochamad (2012) Analisis Faktor-Faktor Yang Mempengaruhi Keputusan Stock Split. Sarjana thesis, Universitas Brawijaya. Jurnal Ilmiah Mahasiswa FEB, https://repository.ub.ac.id/id/eprint/106260/

PlumX Metrics

Published
2024-06-07
How to Cite
Sapruwan, M., & Here, J. M. (2024). Pengaruh Profitabilitas dan Likuiditas terhadap Keputusan Stock Split dengan Mediasi Tingkat Kemahalan Harga. Jurnal Simki Economic, 7(2), 408-419. https://doi.org/10.29407/jse.v7i2.640