C Ambar Pujiharjanto
Universitas Pembangunan Nasional “Veteran”, Yogyakarta

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Dividend Discount Model (Ddm) Sebagai Model Penilaian Harga Saham (Studi empiris pada perusahaan-perusahaan BUMN yang listing di BEI) Pujiharjanto, C Ambar; Nilmawati, Nilmawati
208-7721
Publisher : Jurnal Bisnis Teori & Implementasi

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Abstract

A valuation model is a mechanism that converts a set of forecast a series of company and economic variables into a forecast of market value for the company’s stock. This purpose of this paper to evaluate intrinsic value of stock are used dividend discount model (DDM) and so to compare at market stock price. BUMN firms are used at this research object because covering all industrial situation. The DDM was operationalised to test on nine BUMN firms and based on the result it is found that eight BUMN firms are undervalued and one BUMN firm is overvalued.
IDENTIFIKASI VARIABEL PENENTU STRUKTUR MODAL DAN ADJUSTMENT TO TARGET CAPITAL STRUCTURE: TRADE-OFF THEORY C. Ambar Pujiharjanto; Nilmawati Nilmawati; R. Hendri Gusaptono
Jurnal Keuangan dan Perbankan Vol 18, No 3 (2014): September 2014
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (116.725 KB) | DOI: 10.26905/jkdp.v18i3.815

Abstract

The purpose of this paper was to test the trade-off theory of capital structure. We started with identifyingvariables that influenced capital structure. Partial Adjustment Model used in this study was to test adjustmentto target capital structure. Based on a sample of non-financial Indonesian listed firms from 2008 to 2012, wefound liquidity, profitability, tangible asset, growth, and cash flow influenced the use of debt on the firm. Theresults of the test Speed of Adjustment (SOA) with Partial Adjustment Model showed the inconsistency of theDynamic Trade-Off Theory.
Pengaruh Kebijakan Dividen Terhadap Kinerja Perusahaan Di Indonesia (Studi Empirik pada Perusahaan-Perusahaan Non Keuangan yang Terdaftar di Bursa Efek Indonesian dengan Probabilistic Regression Model) Joko Sukendro; C Ambar Pujiharjanto
Conference In Business, Accounting, And Management (CBAM) Vol 1, No 2 (2012): Conference In Business, Accounting And Management (Cbam) 2012
Publisher : Conference In Business, Accounting, And Management (CBAM)

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Abstract

This purpose of this research examines whether dividend policy influences firm performance in Indonesia. The analyses are performed using data derived from the financial statement of listed firms on the IDX during the most recent five-year period. Ordinary Least Squares model is used to estimate the regression equation. In order to operationalise dividend policy ; the study coded: 1 to represent the company has a policy to pay dividend; while: 0 to represent the company has a policy not to pay dividend. The result show negative relationship beetwen return on assets, dividend policy and leverage. The result also reveal are not relationship all independent variables to return on equity and tobin’sq. The main value of this study is the identification of how dividend policy affects performance of firms listed on IDX.Keyword : ROA, ROE, TOBIN’Sq, Dividend Policy, Payout Ratio, Size, Leverage, Growth
Dividend Discount Model (Ddm) Sebagai Model Penilaian Harga Saham (Studi empiris pada perusahaan-perusahaan BUMN yang listing di BEI) C Ambar Pujiharjanto; Nilmawati Nilmawati
JBTI : Jurnal Bisnis : Teori dan Implementasi Vol 1, No 2 (2010): Oktober 2010
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jbti.v1i2.2416

Abstract

A valuation model is a mechanism that converts a set of forecast a series of company and economic variables into a forecast of market value for the company’s stock. This purpose of this paper to evaluate intrinsic value of stock are used dividend discount model (DDM) and so to compare at market stock price. BUMN firms are used at this research object because covering all industrial situation. The DDM was operationalised to test on nine BUMN firms and based on the result it is found that eight BUMN firms are undervalued and one BUMN firm is overvalued.
DEVELOPING INFORMATION TECHNOLOGY-BASED TOURISM: STUDY ON A TOURIST VILLAGE Ketut Nama; Ambar Pujiharjanto; Budi Santosa
Jurnal Ekonomi-Qu Vol 11, No 2 (2021): Jurnal Ekonomi-Qu
Publisher : FEB Universitas Sultan Ageng Tirtayasa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35448/jequ.v11i2.13230

Abstract

Advances in information technology demand adaptation in all aspects of life, including the tourism sector. The development of technology-based tourism must align with the increasingly massive use of social media, internet and the emergence of a cashless society. This study aims to analyze the factors that influence tourists' perceptions of the development of technology-based tourism and the determinants of tourists' decisions to revisit tourist destinations, with the OLS and Logistic Model. The regression analysis shows that the increasing use of social media, cashless habits, and the younger age are prefer to develop technology-based tourism. Tourists will revisit the destination if the tourist attraction and satisfaction level are more reliable.
Pengaruh Stock Split Terhadap Liquiditas Saham yang Diukur dengan Besarnya Bid-Ask Spread di Bursa Efek Jakarta (Periode 1996-1998) C. Ambar Pujiharjanto
Jurnal Akuntansi Vol. 1 No. 1 (2001)
Publisher : Universitas Kristen Maranatha

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (2995.647 KB) | DOI: 10.28932/jam.v1i1.270

Abstract

Stock split merupakan salah satu informasi penting yang digunakan investor berkaitan dengan pengambilan keputusan yang berhubungan dengan pemilihan portofolio investasi yang paling menguntungkan dengan tingkat resiko tertentu. Penlitian ini bertujuan untuk memberi bukti empiris bahwa kebijakan stock split berpengaruh terhadap tingkat harga saham, volume perdagangan, volume turnover, volatilitas harga saham dan persentase spread, adanya perbedaan spread sebelum dan sesudah split dipengaruhi oleh harga saham, volume perdagangan, dan volatilitas saham. Penelitian ini dilakukan dengan mengambil sampel saham yang aktif diperdagangkan di bursa. Pengujian hipotesis saham, volatilitas harga saham, volume perdagangan, volume turnover, dan spread sebelum dan sesudah stock split dilakukan uji beda dua rata-rata untuk sampel berpasangan dengan menggunakan statistik parametric t tes. Analisis regresi berganda digunakan untuk menguji pengaruh harga saham, volume perdagangan, volatilitas harga saham dan persentase spread. Dari hasil pengujian hipotesis dapat disimpulkan bahwa terdapat perbedaan signifikan antara harga saham, volume perdagangan, varian dan presentase spread. Disamping itu, spread dipengaruhi oleh harga saham dan varian.
Fenomena Underpricing pada Penawaran Umum Perdana di Bursa Efek Jakarta Periode 1998-2005 Sri Isworo Ediningsih; C. Ambar Pujiharjanto
Jurnal Manajemen Maranatha Vol. 7 No. 1 (2007)
Publisher : Universitas Kristen Maranatha

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (393.069 KB) | DOI: 10.28932/jmm.v7i1.213

Abstract

It is now widely accepted that initial public offerings (IPOs) of common stocks offer large abnormal return on their first day of trading. As reported in Lougran et.al. (1994), this phenomenon of short-run underpricing has been experienced in every country with a stock market. In this paper, we empirically investigate Indonesian initial public offerings (IPOs) to provide one case of the international evidence on underpricing phenomenon. Using a sample of 84 IPOs listed on Jakarta Stock Exchange during 1998-2005 period and market adjusted return approach, this studies can be proved underpricing at firstly traded in the Stock Exchange. We also find, based on holding period (1 day – 1 month trading) the Jakarta Stock Exchange is not semistrong-form efficiency categorized.
IMPLEMENTATION OF DECISIONINVEST IN CAPITAL MARKET TOLABORATORY OF FINANCIAL AND CAPITAL MARKET STUDY PROGRAM MANAGEMENT Hasa Nurrohim KP; C. Ambar Pujiharjanto; Sri Isworo Ediningsih
JWM (JURNAL WAWASAN MANAJEMEN) Vol. 8 No. 1 (2020)
Publisher : Universitas Lambung Mangkurat

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (70.462 KB) | DOI: 10.20527/jwm.v8i1.53

Abstract

This research carried out to look back at investment decisions made by the academic community within the Management Study Program UPN "Veteran" Yogyakarta, both conducted by lecturers, employees and students. The existence of the Financial and Capital Market Laboratory is expected to make it easier for lecturers, employees and students to invest in the form of share ownership. Testing is done by multiple regression by testing the factors of Neutral Information, Accounting Information, Classic, Social Relevance, Advocate Recommendation, Personal Financial Need.
DAMPAK PANDEMI COVID 19 TERHADAP KINERJA PERBANKAN STUDI KASUS PADA BANK DENGAN KATEGORI KELOMPOK BANK MODAL INTI (KBMI) 4 DI INDONESIA Saifuddin Anshori; C. Ambar Pujiharjanto; Sri Dwi Ari Ambarwati
JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis dan Inovasi Universitas Sam Ratulangi). Vol 9 No 3 (2022): JMBI UNSRAT Volume 9 Nomor 3
Publisher : FEB Universitas Sam Ratulangi Manado

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35794/jmbi.v9i3.44075

Abstract

This study aims to determine the impact of the COVID-19 pandemic on banking performance in terms of six variables, namely NPL, LDR, ROA, ROE, BOPO, and CAR. This study used the Core Capital Bank Group 4 or KBMI-4 as the research sample which was tested using a paired t-test. The results of this study are that there are differences between NPL, LDR, ROA, ROE, and BOPO, before and during the covid-19 pandemic. While the CAR does not have a significant difference. LDR, ROA, and ROE during the pandemic are lower than before the pandemic, while NPL and BOPO during the pandemic are higher than before the pandemic