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Journal : Jurnal Riset Akuntansi Kontemporer

IMBAL HASIL KONTRAK OPSI MENGGUNAKAN COVERED CALL WRITING STRATEGY DAN PROTECTIVE PUT BUYING STRATEGY Atika Budiarti; Deannes Isynuwardhana; Hendratno Hendratno
JRAK Vol 10 No 1 (2018): Edisi April
Publisher : Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (711.289 KB) | DOI: 10.23969/jrak.v10i1.1057

Abstract

This study aimed to analyze the return on contract option using covered call writing strategy and protective put buying strategy with black scholes. The population in this study are all companies listed in Indonesia Stock Exchange whose shares belong to the blue chip stocks. The sample in this research was determined by purposive sampling method to obtain 5 companies in the sample. Based on the results of the study, covered call writing strategy suffered losses, while the protective put buying strategy experiencing gains. The return of protective put buying strategy is better than the covered call writing strategy. For investors who want to invest in the derivatives market, particular contracts option investors should look at the movement of stock prices. If the movement of stocks tend to be stable, they should use the covered call writing strategy. If the stock tends to decrease, then they should use a protective put buying strategy.
INTANGIBLE ASSET, PROFITABILITAS, DAN SUSTAINABILITY REPORT TERHADAP NILAI PERUSAHAAN Annisa Marwa; Deannes Isynuwardhana; Annisa Nurbaiti
JRAK Vol 9 No 2 (2017): Oktober 2017
Publisher : Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (335.457 KB) | DOI: 10.23969/jrak.v9i2.582

Abstract

Sri-Kehati Index has been increased since 2009, though return on equity has decreased. Stock price will be affected by the ROE so that the value of the firm also decreases. In this study, the independent variables are intangible assets, profitability, and sustainability report. The dependent variable is the value of the firm. This study aims to determine the effect of intangible assets, profitability, and sustainability report on the value of the firm in a company registered in Sri-Kehati Index Indonesia Stock Exchange. The population are all companies registered in SriKehati Index in the period of 2009- 2014, while the sample is determined by purposive sampling method so as to obtain 5 companies. The analytical method used is the panel data regression analysis. The results show intangible assets, profitability, and sustainability report simultaneously significant effect on value of the firm. While partially intangible asset has significant negative effect and profitability has significant positive effect on value of the firm.