Muda, Iskandar (2017): Erception of capital, profit and dividends affect the stock purchase intention in Indonesia public company. Published in: Junior Scientific Researcher , Vol. 3, No. 2 : pp. 9-18.
Preview |
PDF
MPRA_paper_83588.pdf Download (755kB) | Preview |
Abstract
This study aims to investigate the influence perception of Capital Gains and Dividends on Stock Purchase Intention in Indonesian companies. Variables used in this research are the capital, profit and dividends (independent variables) and Stock Purchase Intention (dependent variable) and to show their relationship, it was used multiple linear regression. This research included Manufacturing Companies listed on the Indonesia Stock Exchange and there were taken into account a number of 38 societies Data of this research are secondary data, obtained from the financial statements of the investigated companies published in the Indonesia Stock Exchange. The results showed that simultaneous independent variables have a significant influence on the capital structure, while partially effect on the Capital Shares Purchase Intentions. It was also shown that Profit and Dividends do not affect the Stock Purchase Intention.
Item Type: | MPRA Paper |
---|---|
Original Title: | Erception of capital, profit and dividends affect the stock purchase intention in Indonesia public company |
English Title: | Erception of capital, profit and dividends affect the stock purchase intention in Indonesia public company |
Language: | English |
Keywords: | Capital; Earnings; Dividend; Share Purchase Intention and Indonesian companies |
Subjects: | D - Microeconomics > D5 - General Equilibrium and Disequilibrium > D53 - Financial Markets |
Item ID: | 83588 |
Depositing User: | Mrs Aluculesei Alina |
Date Deposited: | 03 Jan 2018 16:30 |
Last Modified: | 21 Oct 2019 13:24 |
References: | Acharya, V., Almeida, H. & Campello, M., 2007. Is cash negative debt? A hedging perspective on corporate financial policies. Journal of Financial Intermediation, 16(4). 515-554. Adrian, T., & Shin, H.S., 2010. Liquidity and leverage. Journal of Financial Intermediation, 19(3), 418-437. Almeida, H. & Campello, M., 2007. Financial constraints, asset tangibility, and corporate investment. Review of Financial Studies, 20(5), 1429-1460. Amihud, Y., 2002. Illiquidity and stock returns: Cross-section and time-series effects. Journal of Financial Markets, 5(1), 31-56. Bigelli, M. & Sánchez-Vidal, J., 2012. Cash holdings in private firms. Journal of Banking and Finance, 36(1), 26-35. Bradley, M., Jarrel, A.G. & Kim, E.H., 1984. On the existence of an optimal capital structure: Theory and evidence. Journal of Finance, 39(3), 857-878. Dimitrov, V., Jain & P., 2008. The value-relevance of changes in financial leverage beyond growth in assets and GAAP earnings. Journal of Accounting, Auditing and Finance, 23(2), 191-222. D’Mello, R., Krishnaswami, S. & Larkin, P., 2008. Determinants of corporate cash holdings: Evidence from spin-offs. Journal of Banking and Finance, 32(7), 1209-1220. Ferreira, M.A., Vilela & A.S., 2004. Why do firms hold cash? Evidence from EMU countries. European Financial Management, 10(2), 295-319. Fama, E., 1981. Stock returns, real activity, inflation, and money. The America Economic Review, 71, 545-565. Gan, C., Lee, M., Yong, H.H.A. & Zhang, J., 2006. Macroeconomic variables and stock market interactions: New Zealand evidence. Investment Management and Financial Innovations, 3(4), 89-101. Greene, W.H. & Hensher, D.A., 2010. Modelling Ordered Choice: A Primer. United Kingdom: Cambridge University Press. Gul, A. & Khan, N., 2013. An application of arbitrage pricing theory on KSE-100 index; A study from Pakistan (2000-2005). IOSR Journal of Business and Management (IOSR-JBM), 7(6), 78-84. Gunasekarage, A., Pisedtasalasai, A. & Power, D.M., 2004. Macro-Economic Influences on the Stock Market: Evidence from An Emerging Market in South Asia. 1-24. Hussin, M.Y.M., Muhamad, F., Abu, M. & Awang, S., 2012. Macroeconomic variables and Malaysian Islamic stock market: A time series analysis. Journal of Business Studies Quarterly, 3, 1-13. Khaldun, K.I. & Iskandar M., 2014. The Influence of Profitability And Liquidity Ratios on The Growth of Profit of Manufacturing Companiesa Study of Food And Beverages Sector Companies Listed on Indonesia Stock Exchange (Period 2010-2012). International Journal of Economics, Commerce and Management. 2(12). 1-17. Khodaparasti, R., 2014. The role of macroeconomic variables in the stock market in Iran. Polish Journal of Management Studies, 10(2), 54-64. Kumar, R., 2013. The effect of mocroeconomic factor on Indian stock market performance: A factor analysis approach. IOSR Journal of Economics and Finance (IOSR-JER), 1, 14-21. Lutfi, M., Nazwar, C., & Muda, I., 2016. Effects of investment opportunity set, company size and real activity manipulation of issuers in Indonesia Stock Exchange on stock price in Indonesia. International Journal of Economic Research. 13(5), 2149-2161. Mahdaleta, E., Iskandar M. & Gusnardi, M.N., 2016. Effects of Capital Structure and Profitability on Corporate Value with Company Size as the Moderating Variable of Manufacturing Companies Listed on Indonesia Stock Exchange. Academic Journal of Economic Studies. 2(3), 30–43. Muda, I., Dharsuky, A.,Sadalia, I., & Siregar, H.S., 2016. Impact of capital investments and cash dividend policy on Regional Development Bank (BPD) PT. Bank Sumut to the district own source revenue and economic growth. International Journal of Applied Business and Economic Research. 14(11). 7863-7880. Muda, I, Dharsuky. A., Siregar, H.S., & Sadalia, I., 2017. Combined Loading and Cross-Dimensional Loadings Timeliness of Presentation of Financial Statements of Local Government. IOP Conference Series: Materials Science and Engineering. 180. doi: 10.1088/1757-899X/180/1/012099. Sharma, S.C. & Wongbangpo, P., 2002. Long-term trends and cycles in ASEAN stock markets. Review of Financial Economics, 11. 299-315. Talla, J.T., 2013. Impact of Macroeconomic Variable on the Stock Market Prices of the Stockholm Stock Exchange (OMXS30). Master’s Thesis of Jonkoping University. 1-48. Tarmizi, HB., Daulay, M., & Muda, I., 2017. Impact of The Economic Growth and Acquisition of Land to Tthe Construction Cost Index in North Sumatera. IOP Conference Series: Materials Science and Engineering. 180. doi: 10.1088/1757-899X/180/1/012004. Vejzagic, M. & Zarafat, H., 2013. Relationship between macroeconomic variables and stock market index: Co-integration evidence from FTSE Bursa Malaysia Hijrah Shariah index. Asian Journal of Management Sciences and Education, 2(4), 94-108. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/83588 |