Prediction Guidelines for Perfomance Using Springate Model and Influence on Stock Return Property & Real Estate and Food & Beverage Sectors Listed on Indonesia Stock Exchange

Rilla Gantino, Endang Ruswanti S. E. M. M. and Taufiqur Rahman S. T. M. T.
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Endang Ruswanti S. E. M. M.: Esa Unggul University, Indonesia
Taufiqur Rahman S. T. M. T.: Esa Unggul University, Indonesia

The Journal of Social Sciences Research, 2018, 110-116 Special Issue: 2

Abstract: This research is a continuation of previous research and funded by Indonesian Ministry of Research and Technology. This study aims to create performance model guidance by predicting performance with Springate model with the basis of business strategy identification selected by companies in two sectors.The amount of data processed by food and beverage sector are 104 from 11 companies and 315 data from 37 companies in property and real estate sector. Business strategies chosen by firms in both sectors have an effect on performance achievement. The result shows that only net profit before interest and tax to total asset in food and beverage sector have a significant effect to stock return but firm in property and real estate all have an insignificant effect. In Food and Beverage sector, working capital to total asset, net profit before interest and tax to total asset, net profit before tax to current liabilities and sales to total asset have no significant effect to stock return, but have significant effect on property and real estate sector. Coefficient of springate affect to stock return on both sector.

Keywords: Prediction; Guidelines; Springate; Stock return; Comparing. (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:arp:tjssrr:2018:p:110-116

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