Influence of Sales Growth of Manufacturing Companies Listed on the Indonesian Stock Exchange
1Aries Veronica, 2Yeni Alfiana, 3Wiwin Winarsih, 4Dwi Yanti
1,2,3,4Faculty of Economics, Tamansiswa University, Indonesia
https://doi.org/10.47191/jefms/v7-i12-41ABSTRACT:
The aim of this research is to determine the effect of return on equity, dividends and stocks prices on sales growth of manufacturing companies listed on the Indonesian Stock Exchange (BEI). The data used is secondary data in the form of manufacturing company financial reports. The research results showed that simultaneously there was no positive and significant influence on all variables. Partially shows that all variables have no significant effect on sales growth. Future researchers can prioritize company interests and think about useful policies.
KEYWORDS:
ROE, Dividend, Stocks Prices, Sales Growth
REFERENCES:
1) Brigham, Eugene F and Houston. 2013. Fundamentals of Financial Management. I. 11th Edition Book 2. Jakarta: Salemba Empat.
2) Brona Areza Marta, Rinofah Risal, & Sari Pristin Prima. 2023. The Effect of Profitability, Business Risk and Sales Growth on Capital Structure in Property and Real Estate Companies Listed on the IDX for the Period 2026-2020. Manbiz: Journal of Management & Business, 2(2). Https://Doi.Org/10.47467/Manbiz.V2i3.2008
3) Deitiana, Tita. 2009. Factors Affecting Dividend Yield Policy. Journal of Business and Accounting. Vol. 11, No. 1, April 2009.
4) Gordon, M.J. May 1959. Dividends, Earnings and Stock Prices, Review of Economics and Statistics. Gumanti, Tatang Ary. 2013. Dividend Policy: Theory, Empirical, and Implications. Yogyakarta UPP STIM YKPN, 2013
5) Hartina, Ira. 2019. The Effect of Sales Growth, Return On Equity (Roe) and Current Ratio (Cr) on Stock Prices with Capital Structure as an Intervening Variable (Manufacturing Companies in the Consumer Goods Sector in the Indonesian Sharia Stock Index Group for the 2014-2018 Period). Undergraduate Thesis Thesis, Uin Raden Fatah Palembang.
6) Hartono, Jogiyanto. 2020. Portfolio Theory and Investment Analysis (11th Ed.). Yogyakarta: BPFE Publisher.
7) Manggale Niranda, Widyawati Dini. 2021. The Effect of Return On Equity, Leverage, Company Size, and Sales Growth on Company Value Journal of Accounting Science and Research. Vol 10 Number 1 Https://Jurnalmahasiswa.Stiesia.Ac.Id/Index.Php/Jira/Issue/View/154
8) Mangatta, Cornelia. 2011. The Effect of Cash Dividend Distribution on PT Indosat's Stock Price. Thesis. Faculty of Economics Study Program, Accounting Department, Hasanuddin University. Makassar.
9) Munawir, S. Financial Report Analysis. 2014. Yogyakarta: Liberty, Fifth Edition, Seventeenth Printing.
10) Musthafa. 2017. Financial Management. Yogyakarta: Andi Publisher.
11) Putra A. A. Wela Yulia, Badjra Ida Bagus. 2015. The Effect of Leverage, Sales Growth and Company Size on Profitability. E-Journal of Management Unud, Vol. 4, No. 7, 2015: 2052-2067. Https://Www.Neliti.Com/Id/Publications/249411/Pengaruh-Leverage-Pertumbuhan-Penjualan-Dan-Ukuran-Perusahaan-Terhadap-Profitabi
12) Rahmandia, Febian. 2013. Factors Affecting Stock Prices of Companies in the Consumer Goods Industry Sector Listed on the IDX for the 2007-2011 Period. E-Journal of the University of Surabaya.
13) Simanjuntak, Jesika Peronika Br. 2023. The Effect of Current Ratio, Debt To Equity Ratio, Return On Equity, Price Earnings Ratio, and Dividend Payout Ratio on Stock Prices (Study on the Cigarette Industry Listed on the IDX in 2015-2022. Thesis. University of Medan Area
14) Sunariyah. 2003. Introduction to Capital Market Knowledge. Yogyakarta: UPP AMP YKPN
