Ica Rika Candraningrat
Fakultas Ekonomi Dan Bisnis, Universitas Udayana, Bali, Indonesia

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Journal : E-Jurnal Manajemen Universitas Udayana

Studi Komparatif Portofolio Optimal Menggunakan Proksi LQ 45 dan IHSG Melalui Pendekatan Model Indeks Tunggal Desak Putu Rahayu Lestari; Ica Rika Candraningrat
E-Jurnal Manajemen Vol 3 No 3 (2014)
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Udayana

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Abstract

The purpose of this study is to determine the shares of LQ 45 members that form the optimal portfolio when used approach IHSG and LQ 45 Index as a proxy for the market return in the Single Index Model approach and know the differences in average portfolio return, average portfolio risk, and the proportion of shares when used IHSG and LQ 45 Index as a proxy for the market return in the Single Index Model approach. The results show when the IHSG used as a proxy for the market return stocks LQ 45 Index members are elected to form the optimal portfolio the period February 2008 – January 2013 is BBCA (26,64%), BBNI (12,53%), BBRI (5,17%), BMRI (26,82%), dan INDF (28,81%). When used LQ 45 Index as a proxy for the market return stocks LQ 45 members elected the period February 2008 – January 2013 is BBCA (8,23%), BBNI (25,5%), BBRI (3,46%), BMRI (27,58%), INDF (34,23%), dan UNTR (0,97%). The average portfolio return, the average risk of portfolio, and the proportion of shares forming the optimal portfolio with a single index model does not differ significantly when used IHSG and LQ 45 Index as a proxy for the market return.
ANALISIS REAKSI PASAR SEBELUM DAN SESUDAH PENGUMUMAN AKUISISI DI BURSA EFEK INDONESIA (BEI) I Kadek Redy Irawan; Ica Rika Candraningrat
E-Jurnal Manajemen Vol 9 No 2 (2020)
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (214.188 KB) | DOI: 10.24843/EJMUNUD.2020.v09.i02.p15

Abstract

Akuisisi merupakan sebuah kebijakan atau strategi yang bertujuan untuk melakukan perluasan usaha dengan mengambil alih kepemilikan perusahaan lain. Motif perusahaan dalam melakukan akuisisi akan berdampak pada reaksi pasar yang positif ataupun negatif. Perusahaan yang melakukan akuisisi dengan motif ekonomi akan direaksi positif oleh pasar, sedangkan motif non ekonomi akan direaksi negatif oleh pasar. Menguji perbedaan reaksi pasar sebelum dan sesudah pengumuman akuisisi yang dicerminkan dengan rata-rata abnormal return dalam periode lima hari sebelum dan lima hari sesudah pengumuman akuisisi merupakan tujuan dari penelitian ini. Metode pengambilan sampel menggunakan teknik purposive sampling dan menghasilkan 55 sampel perusahaan yag melakukan akuisisi di Bursa Efek Indonesia. Teknik yang digunakan adalah uji wilcoxon signed rank test. Hasil yang ditemukan bahwa tidak terdapat perbedaan reaksi pasar yang signifikan sebelum dan sesudah pengumuman akuisisi. Penyebab utama hal ini bisa terjadi adalah karena ketidaktahuan investor akan motif perusahaan melakukan akuisisi, sehingga investor ragu dalam mengambil keputusan investasi Kata kunci: abnormal return, akuisisi, efisiensi pasar, rata-rata abnormal return.
REAKSI PASAR TERHADAP PENGUMUMAN CASH DIVIDEND PADA PERUSAHAAN YANG TERGABUNG DALAM INDEKS KOMPAS 100 I Putu Agus Ary Raditya Juliana; Ica Rika Candraningrat
E-Jurnal Manajemen Vol 9 No 3 (2020)
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (260.298 KB) | DOI: 10.24843/EJMUNUD.2020.v09.i03.p09

Abstract

Tujuan penelitian ini adalah mengetahui reaksi pasar terhadap pengumuman cash dividend, dengan melihat perbedaan abnormal return dan trading volume activity sebelum dan sesudah pengumuman cash dividend. Pengumuman dividen merupakan peristiwa yang berpengaruh terhadap pasar, karena perusahaan memberikan informasi kepada publik. Informasi yang diberikan oleh perusahaan akan mempengaruhi pengambilan keputusan investor dan akan beraksi terhadap informasi tersebut. Sampel dari penelitian ini berjumlah 33 dari 100 perusahaan yang tergabung dalam indeks Kompas 100 di Bursa Efek Indonesia (BEI). Metode pengumpulan data menggunakan observasi non partisipan, yaitu observasi dokumen. Teknik analisis yang digunakan adalah Uji Paired-Sample T Test dan Uji Wilcoxon-Signed Rank Test. Hasil penelitian menunjukkan bahwa tidak ada perbedaan abnormal return serta trading volume activity sebelum dan sesudah pembagian cash dividend. Kata kunci : cash dividend, abnormal return, trading volume activity
PENGARUH SUKU BUNGA SBI, NILAI TUKAR, INFLASI DAN INDEKS DOW JONES TERHADAP INDEKS HARGA SAHAM GABUNGAN DI BEI Ni Made Anita Dewi Sudarsana; Ica Rika Candraningrat
E-Jurnal Manajemen Vol 3 No 11 (2014)
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Udayana

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Abstract

Composite Stock Price Index (CSPI) is a reflection of the Indonesian economy. The CSPI showed significant improvement of the Indonesian economy is in a state that is conducive and vice versa. To be able to know what can help improvement of CSPI consider several factors such as the SBI interest rate, inflation, exchange rate and global stock markets like the Dow Jones Industrial Avarage (DJIA). The purpose of this study was to determine the effect of the SBI interest rate, exchange rate, inflation and the Dow Jones Indeks (DJIA) on CSPI. The research was conducted on the Stock Exchange by using  sample of 72 consisted of the entire variable monthly data during 2008 to 2013 with the selection of the sample through a non probabability sampling method by purposive sampling method and the data were analyzed with multiple linear regression analysis techniques. Based on the analysis found SBI interest rates, inflation, exchange rates and Dow Jones index simultaneously affect the CSPI. SBI interest rates, inflation and exchange rate partially significant negative effect on the CSPI, this means an increase in SBI rates, inflation and the exchange rate may result decrease value of  CSPI whereas Dow Jones indeks is partially significant positive effect on CSPI. This means that the increase occurred in the Dow Jones indeks can increase the value of CSPI.Composite Stock Price Index (CSPI) is a reflection of the Indonesian economy. The CSPI showed significant improvement of the Indonesian economy is in a state that is conducive and vice versa. To be able to know what can help improvement of CSPI consider several factors such as the SBI interest rate, inflation, exchange rate and global stock markets like the Dow Jones Industrial Avarage (DJIA). The purpose of this study was to determine the effect of the SBI interest rate, exchange rate, inflation and the Dow Jones Indeks (DJIA) on CSPI. The research was conducted on the Stock Exchange by using  sample of 72 consisted of the entire variable monthly data during 2008 to 2013 with the selection of the sample through a non probabability sampling method by purposive sampling method and the data were analyzed with multiple linear regression analysis techniques. Based on the analysis found SBI interest rates, inflation, exchange rates and Dow Jones index simultaneously affect the CSPI. SBI interest rates, inflation and exchange rate partially significant negative effect on the CSPI, this means an increase in SBI rates, inflation and the exchange rate may result decrease value of  CSPI whereas Dow Jones indeks is partially significant positive effect on CSPI. This means that the increase occurred in the Dow Jones indeks can increase the value of CSPI.
Pengaruh Profitabilitas, Firm Size, Likuiditas Dan Leverage Terhadap Kebijakan Dividen Di Bei Putu Adhy Sumantri; Ica Rika Candraningrat
E-Jurnal Manajemen Vol 3 No 8 (2014)
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Udayana

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Abstract

Dividend policy is a financial decision that has been made ??by the company after the company operates and makes a profit. Dividends distributed by companies to investors that the dividend policy is decided by the company. The few things that influence the dividend policy of a company in this study, namely profitability, firm size, liquidity and leverage. The purpose of this study was to determine the significance of the effect of profitability, firm size, liquidity and leverage on dividend policy. This research was conducted at Manufacturing Company in Indonesia Stock Exchange, the number of samples taken 11 companies with a population of 146 companies. The sampling method used was purposive sampling method. Data collected through observation. The analysis technique used is the Multiple Linear Regression. Based on the results of the analysis found that profitability, firm size, liquidity partially significant positive effect on dividend policy. While leverage significant negative effect on dividend policy.
Analisis Variabel Yang Memengaruhi Struktur Modal Perusahaan Otomotif Yang Terdaftar di Bursa Efek Indonesia (BEI) Ni Wayan Yuliani; Ica Rika Candraningrat
E-Jurnal Manajemen Vol 3 No 5 (2014)
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Udayana

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Abstract

This study was conducted to determine the significance of the effect of firm size, asset structure, and profitability is proxied Return on Assets (ROA) on the capital structure. Company that I use are listed automotive company in Indonesia Stock Exchange on 2008-2012 period. Through the technique of multiple linear regression analysis of the study sample was of 12 companies chosen by certain criteria. Based on the results of the analysis found that company size has a significant influence in a positive direction to capital structure, while the structure of assets and profitability is proxied Return on Assets (ROA) has significant influence with the negative direction of the capital structure of the automotive companies listed in Indonesia Stock Exchange.
Pengaruh Return On Asset, Earning Per Share, dan Debt Ratio Terhadap Harga Saham Pada Perusahaan Indeks LQ-45 di Bursa Efek Indonesia I Gusti Agung Ayu Bintang Mahadewi; Ica Rika Candraningrat
E-Jurnal Manajemen Vol 3 No 12 (2014)
Publisher : Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Udayana

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Abstract

The purpose of this study was to determine the effect of Return on Assets (ROA), Earning Per Share (EPS), and Debt Ratio (DR) towards the stock price on the LQ-45 index company in Indonesia Stock Exchange (IDX) 2011-2013. This study used a non-participant  observation method by analyzing financial statements published on the official website of the Stock Exchange (www.idx.co.id). The sample was 25 companies which are taken by purposive sampling method. The data analysis technique used is multiple linear regression. The results of this study indicate that ROA and EPS partially positive and significant impact on stock prices, while the DR and has in significant negative effect on the LQ-45 index company on the Indonesia Stock Exchange 2011-2013.