The effects of information content of cash flow statement, dividend payout ratio, economic value added and corporate social responsibility on stock trading volume

Authors

  • Dwi Luvira Oktavianingsih Universitas Cenderawasih Jayapura
  • Otniel Safkaur Universitas Cenderawasih Jayapura
  • Pascalina V. S. Sesa Universitas Cenderawasih Jayapura

DOI:

https://doi.org/10.21580/jiafr.2021.3.1.7715

Keywords:

content of cash flow, dividend payout ratio, economic value added, csr

Abstract

Purpose - This study aims to empirically test and analyze the influence of information content of cash flow statements, Dividend Payout Ratio (DPR), Economic Value Added (EVA) Corporate Social Responsibility (CSR) on the trading volume of empirical study stocks in manufacturing companies listed on the Indonesia Stock Exchange from 2014 to 2018.  

Method - The number of samples used in this study was 169 taken from financial report on idx. The analytical techniques used were multiple regressions in order to obtain a comprehensive picture of the relationship between variable and each other. This research used a quantitative approach with its research population of companies included in the manufacturing sector listed on the Indonesia Stock Exchange in 2014- 2018..

Result - Based on the results of this study, investment cash flow and Dividend Payout Ratio (DPR) significantly influenced the trading volume of stocks. Meanwhile, operating cash flow, funding cash flow, Economic Value Added (EVA) and Corporate Social Responsibility (CSR) had no significant effect on stock trading volume.

Implication - This research is suggested to improve development of trading volume in investor decision making for investment and for companys’ performance assessment.

Originality - This research is the study that used content of cash flow resporting information, dividend payout ratio, economic value added, corporate social responsibility on stock trading volume.

Downloads

Download data is not yet available.

References

Aldorino, C., Kharlina E. R., & Dhia W. C. (2015). Pengaruh Corporate Social Responsibility Disclosure dan Kinerja Keuangan Terhadap Volume Perdagangan Saham pada Perusahaan Perbankan dan Asuransi di BEI, 10, 1–11.

Ayuningrum, S. (2015). Pengaruh Informasi Laporan Arus Kas, Devidend Payout Ratio (DPR), Economic Value Added (EVA) Terhadap Volume Perdagangan Saham Di Bursa Efek Indonesia. Jurnal Teknologi, 1(1), 69–73.

Azhar, A., Rofika, & Rohayati, L. (2009). Pengaruh Informasi Arus Kas dan Laba Akuntansi terhadap Volume Perdagangan Saham pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia.

Bastomi, A. Y. Al. (2014). Pengaruh Informasi Laporan Arus Kas Terhadap Volume Perdagangan Saham pada Perusahaan Food an Beverage yang Tercatat di Bursa Efek Indonesia. Jurnal Akuntansi Unesa, 1–23.

Ginting, R. M. H. (2019). Pengaruh Corporate Social Responsibility Terhadap Nilai Perusahaan dan Volume Perdagangan, 5(1).

Hilma, M. (2014). Pengaruh Informasi Laba Akuntansi dan Arus Kas Terhadap Volume Perdagangan Saham, (September).

Kartikasari, N. D., Hidayat, K., & Yulianto, E. (2017). Pengaruh Corporate Social Responsibility (CSR) Terhadap Citra Perusahaan Multinasional (Survei pada Konsumen Unilever di Indonesia Mengenai Program “Project Sunlight” PT Unilever Indonesia Tbk.), 43(1), 8–16.

Kurniawansyah, D., & Kurnianto, S. (2018). Teori Agency Dalam Pemikiran Organisasi; Pendekatan Positivist Dan Principle-Agen. Jurnal Riset Akuntansi Dan Bisnis Airlangga, 3(2), 435–446.

Lie, L. (2009). Penggunaan MRA dengan Spss untuk Menguji Pengaruh Variabel Moderating terhadap Hubungan antara Variabel Independen dan Variabel Dependen. Jurnal Teknologi Informasi DINAMIK, 14(2), 90–97.

Maith, H. A. (2013). Analisis Laporan Keuangan Dalam Mengukur Kinerja Keuangan Pada Pt. Hanjaya Mandala Sampoerna Tbk. Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi, 1(3), 619–628.

Mulya, A. S. (n.d.). Pengungkapan Corporate Social Responsibility (CSR) Sebagai Variabel, 27–59.

Novalia, F., & Nindito, M. (2016). Pengaruh Konservatisme Akuntansi Dan Economic Value Added Terhadap Penilaian Ekuitas Perusahaan. Jurnal Wahana Akuntansi, 11(2).

Pongoh, M. (2013). Analisis Laporan Keuangan Untuk Menilai Kinerja Keuangan Pt. Bumi Resources Tbk. Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi, 1(3), 669–679.

Prameswari Vijaya, D. (2009). Pengaruh Pengungkapan Tanggung Jawab Sosial Perusahaan Terhadap Aktivitas Volume Perdagangan dan Harga Saham, 1–24.

Purnamasari, L. (2013). Pengaruh Perubahan Dividend Payout Ratio dan Dividend Yield Terhadap Return Saham (Studi pada Perusahaan Manufaktur di Bursa Efek Indonesia), 3(2), 213–222.

Putu, N., & Ratna Sari, M. (2017). Pengaruh Informasi Arus Kas, Laba Bersih dan Pengungkapan Corporate Social Responsibility Pada Volume Perdagangan Saham. Journal of Chemical Information and Modeling, 53(9), 1689–1699.

Rahmah, M. N., & Komariah, E. (2016). Analisis Laporan Keuangan Dalam Menilai Kinerja Keuangan Industri Semen Yang Terdaftar Di BEI (Studi Kasus PT Indocement Tunggal Prakarsa TBK), 1(1), 43–58.

Rispayanto, S. (2013). Pengaruh Laba Kotor, Laba Operasi, Laba Bersih, dan Arus Kas Operasi Masa Mendatang (Studi Empiris Pada Perusahaan Manufaktur yang Terdaftar di BEI). Jurnal Akuntansi, 1(3), 1–29.

Safitri, R. H., Kosim, A., Nurullah, A., Indah, S., & Andini, P. (2018). Pengaruh Informasi Laporan Arus Kas , Dividend Payout Ratio (DPR), Economic Value Added (EVA) Terhadap Volume Perdagangan Saham, 6(2), 117–130.

Safkaur, O. (2015). The Analysis Impact of Agency Cost and Transaction Cost To Dividend Payout Ratio of Go Public Firms In Indonesia, 6(6), 133–143.

Sahla, W. A., & Aliyah, S. S. R. (2016). Pengungkapan Corporate Social Responsibility Berdasarkan Global Reporting Initiative (GRI-G4) pada Perbankan Indonesia. Jurnal INTEKNA, 16(2), 101–200.

Silfi, A., Hardi, H., & Afrinta, R. (2015). Pengaruh Laba Akuntansi, Total Arus Kas, Komponen Arus Kas, Return On Equity terhadap Volume Perdagangan Saham pada Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia Tahun 2010-2013. Jurnal Online Mahasiswa Fakultas Ekonomi Universitas Riau, 2(2).

Skenda, A. G. (2017). Pengaruh Economic Value Added, Current Ratio dan Dividend Payout Ratio Terhadap Trading Volume Activity dengan Harga Saham Sebagai Variabel Moderasi.

Spence, M. (1973). Job Market Signaling. The Quarterly Journal of Economics, 87(3), 355.

Susilowati, E., & Sinaga, H. (2019). Pengaruh Laba Bersih , Arus Kas Dan Dividen Tunai Terhadap Volume Perdagangan Saham Pada Perusahaan Publik Sektor, 4(1), 32–40.

Sutriasih, E., Gede, I., & Gusti, I. (2013). Pengaruh Informasi Laba Bersih, Arus Kas dan Publikasi Deviden Pada Volume Perdagangan Perusahaan Manufaktur Di Bursa Efek Indonesia, 3, 1055–1070.

Toding, M. (2013). Faktor-Faktor Yang Memengaruhi Ketepatwaktuan Penyampaian Laporan Keuangan. E-Jurnal Akuntansi, 3(2), 318–333.

Widhi A. C., & Widi Nugrahanti, Y. (2015). Pengaruh Pengungkapan Corporate Social Responsibility Terhadap Reaksi Pasar, 4(2), 90–105.

Widodo, A. W. (2016). Pengaruh Economic Value Added (EVA) Momentum, Debt Equity Ratio (DER), Net Profit Margin (NPM), Return on Asset (ROA), Return on Equity (ROE) Terhadap Kinerja Pasar.

Downloads

Published

2021-04-30

Issue

Vol. 3 No. 1 (2021)

Section

Articles

License

The copyright of the received article shall be assigned to the journal as the publisher of the journal. The intended copyright includes the right to publish the article in various forms (including reprints). The journal maintains the publishing rights to the published articles. Authors are allowed to use their articles for any legal purposes deemed necessary without written permission from the journal with an acknowledgment of initial publication to this journal.

The work under license Creative Commons Attribution License