Pengaruh Laba, Arus Kas dan Economic Value Added Terhadap Return Saham Pada Perusahaan Manufaktur Prospector dan Defender

Andreas, Lidya, Handoko, Jesica and Harimurti, Yohanes (2015) Pengaruh Laba, Arus Kas dan Economic Value Added Terhadap Return Saham Pada Perusahaan Manufaktur Prospector dan Defender. Jurnal Akuntansi Kontemporer (JAKO), 7 (2). pp. 83-109. ISSN p-ISSN 2085-1189, e-ISSN 2685-9971

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Abstract

Miles and Snow (1978, in Habbe and Hartono, 2001) classify corporate strategy into four typologies: prospector, de-fender, analyzer, and a reactor where prospector and defender was at its extreme. Return the stock as a aims the investor will be different for the company due the defender and prospector how to operate the two companies mutually contradictory. This research aims to test the influence of earnings, cash flow, and economic value added of return stocks as an indicator for inves-tors to predict the return on the company’s stock prospector and defender. This empirical study using consolidated financial report data and information from the Indonesian Capital Market Directory for all manufacturing companies listed on the Indonesian stock exchange. A grouping of companies in the prospector and defender using common factor analysis in accord-ance with previous research. Earnings, cash flow, and EVA is measured by the weighted average of ordinary shares outstand-ing. The results showed that only the operating cash flow has the effect on the return on the company’ stock prospector. While in the company of a defender, all variables have no effect on the return of shares. This shows there are still many other variables that can affect the return of shares. In addition the research indicates that the use of the strategy of the prospector and defender influencing variables can be the main indicator in predicting the return of shares.

Item Type:	Article
Uncontrolled Keywords:	Company Of Prospector, Company Of Defender, Stock Return, Earnings, Cash Flow, Economic Value Added
Subjects:	Business > Accounting Digital Business Management > Business > Accounting
Divisions:	Journal Publication
Depositing User:	F.X. Hadi
Date Deposited:	24 Jan 2025 08:21
Last Modified:	24 Jan 2025 08:21
URI:	https://repositori.ukwms.ac.id/id/eprint/42501

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