The Influence of Investment Opportunity Set, Operating Profit Margin, and Cash Flow From Operating Activities on Return on Assets

Isna Ardilla, Monalisa Fatmasari Lubis

Abstract


The aim of this study is to examine the partial and simultaneous effects of Investment Opportunity Set, Operating Profit Margin, and Cash Flow From Operating Activities on Return on Assets in metal companies listed on the Indonesia Stock Exchange. The research methodology employs multiple linear regression. The sample consists of 7 metal companies listed on the stock exchange during the period from 2016 to 2022. Hypothesis testing results indicate that partially, Investment Opportunity Set and Operating Profit Margin have a significant influence on Return on Assets. However, Cash Flow From Operating Activities does not affect Return on Assets. The research findings from the F-test indicate that collectively, Investment Opportunity Set, Operating Profit Margin, and Cash Flow From Operating Activities significantly influence Return on Assets.


Keywords


Investment Opportunity , Operating Profit Margin, Cash Flow From Operating Activities, Return on Assets

Full Text:

PDF

References


Anugrah, A. D. P. (2014). Analisis Pengaruh Investment Opportunity Set (IOS) Terhadap Return Saham Perusahaan Sektor Manufaktur. Journal of Business and Management, 7(2), 94–100.

Brigham, E. F., & Joel F Houston. (2016). Dasar-Dasar Manajemen Keuangan (Edisi 11).

Daud, R. M. (2017). Pengaruh Operating Profit Margin, Dividend Payout Ratio, Profitabilitas, Dan Price Earning Ratio Terhadap Praktik Perataan Laba Pada Perusahaan LQ-45 Yang Terdaftar Di Bursa Efek Indonesia Tahun 2010-2014. Jurnal Akuntansi Muhammadiyah-JAM, 8(1), 1–10.

Gudono, M. (2014). Hubungan Tindakan Perataan Laba dengan Reaksi Pasar atas Pengumuman Informasi Laba Perusahaan yang Terdaftar Di Bursa Efek. Jurnal Ventura, 10(2), 1–14.

Halim, A. (2014). Manajemen Keuangan Sektor Publik,Problematika Penerimaan Dan Pengeluaran Pemerintah (Anggaran Pendapatan dan Belanja Negara/Daerah).

Harmono. (2015). Manajemen Keuangan Bebasis Balenced Scorecard Pendekatan Teori, Kasus, dan Riset Bisnis.

Jensen, M. C. (2011). Theory of the firm: Managerial behavior, agency cost and ownership structure. Journal of Finance Economic, 3(1), 305–360.

Kasmir. (2012). Analisis Laporan Keuangan. PT. Raja Grafindo Persada.

Kasmir. (2016). Manajemen Sumber Daya Manusia (Teori dan Praktik). PT. Raja Grafindo Persada.

Purnami, K. D. A. (2016). Pengaruh Investment Opportunity Set, Total Asset Turn Over Dan Sales Growth Terhadap Kebijakan Dividen. E-Jurnal Manajemen Unud, 5(2), 1309–1337.

Saragih, F. (2012). Pengaruh Laba Bersih Dan Arus Kas Operasi Terhadap Dividen Kas Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia. Ekonomikawan: Jurnal Ekonomi & Studi Pembangunan, 10, 1–18.

Sartono, A. (2018). Manajemen Keuangan Teori dan Aplikasi.

Sawir, A. (2018). Analisis Kinerja Keuangan dan Perencanaan Keuangan Perusahaan.

Sumarni, I. (2014). Pengaruh Investment Opportunity Set Terhadap Kebijakan Dividen. Jurnal Wawasan Manajemen, 2(2), 201–211.

Sunarto, & Budi, A. P. (2010). Pengaruh Leverage, Ukuran Dan Pertumbuhan Perusahaan Terhadap Profitabilitas. Telaah Manajemen Marlie, 6(1), 86–103.

Thoyib, M., Firmansyah, D. A., Riza, W., & Melin, M. A. (2018). Pengaruh Current Ratio, Debt to Asset Ratio, Debt to Equity Ratio dan Total Asset Turnover terhadap Return on Assets pada perusahaaN Properti dan Real Estate di Bursa Efek Indonesia periode 2012-2016. Jurnal Akuntansi, 2(4), 10–23.




DOI: https://doi.org/10.30596/miceb.v2i0.828

Refbacks

  • There are currently no refbacks.