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STUDI KOMPARATIF KINERJA PORTOFOLIO OPTIMAL PADA KELOMPOK SAHAM KAPITALISASI BESAR DAN KAPITALISASI KECIL DI BEI ni made anita dwi savitri; ida bagus anom purbawangsa
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.08.NO.11.TAHUN 2019
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1070.503 KB) | DOI: 10.24843/EEB.2019.v08.i11.p04

Abstract

The purpose of this study is to determine the performance comparison of large capitalization shares and small capitalization stocks. The results of the previous single index model approach found that of the 35 shares that were incorporated and used as research samples in the large capitalization index of 18 shares and in the small capitalization index of 18 stocks from January 2017 to January 2018 there were 25 stocks that could form an optimal portfolio , these shares include 13 shares of large capitalization and 12 shares of small capitalization. The results of this study indicate that the large capitalization stock portfolio has a sharpe index of -21.70, while the portfolio of small capitalization shares has a sharpe index of -39.33. If there is nothing better compared to the IHSG benchmark. However, the performance of shares can be measured by comparing each other into stocks that are able to show better performance, namely large capitalization shares with a value of -21.70 because the performance measure is better than small capitalization shares with a value of -39.33.
Pengaruh Beberapa Indeks Saham dan Indikator Ekonomi Global Terhadap Kondisi Pasar Modal Indonesia I Gusti Agus Andiyasa; Ida Bagus Anom Purbawangsa; Henny Rahyuda
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.03.NO.04.TAHUN 2014
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

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Abstract

Indonesian capital market is highly developed capital markets in recent years. With the growing world of investment and finance , the events that occurred in other countries, be it stock index or economic indicator will have an impact to the Indonesian state. This study aimed to determine the effect of several stock indices and global economic indicators to the condition of the Indonesian Capital Market. Global stock indices used in this study is the Dow Jones index, Nikkei 225 index, Shanghai Composite Index ( SSE ), UK : FT100 index. Global economic indicators used include oil prices, gold prices, and exchange rate USD/IDR. This study used multiple linear regression analysis. The results of this study indicate that the Dow Jones index, Shanghai index, and UK : FT100 index positive effect on JCI, while the Nikkei 225 index variable, world oil prices, gold prices, and the exchange rate USD/IDR negatively affect the JCI movement. Future studies may add to the index of other countries and other economic indicators. Keywords: Global stock indices, global economic indicator, JCI
ANALISIS OVERREACTION PASAR PADA SAHAM WINNER DAN LOSER DI BURSA EFEK INDONESIA I Gede Surya Pratama; Ida Bagus Anom Purbawangsa; Luh Gede Sri Artini
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.05.NO.12.TAHUN 2016
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

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Abstract

This research can give due consideration to investor in making an investment decision in order not react to overreaction of market information. The research objective test overreaction in the stock market winner and loser in the Indonesia Stock Exchange 2014. This research is a comparative study using secondary data. The population in this study were 141 companies and samples obtained after do a purposive sampling method are 137 manufacturing companies in 2014. This study uses abnormal return as research variables. The market model is used as a method to calculate the expected return. Statistical test used in this study was independent sample t-test, to test for differences in average abnormal return of winner and loser. The results based on hypothesis testing showed that there was no statistically significant overreaction in manufacturing companies in 2014, that proven by winner abnormal returns stock is bigger than the loser abnormal returns return, significantly.
PERAN PROFITABILITAS DALAM MEMEDIASI PENGARUH PERTUMBUHAN PERUSAHAAN DAN STRUKTUR MODAL TERHADAP CORPORATE SOCIAL RESPONSIBILITY I Gusti Agung Arista Pradnyani; Ida Bagus Anom Purbawangsa; Luh Gede Sri Artini
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.06.NO.05.TAHUN 2017
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

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Abstract

The aim of this study is determine how profitability mediating the effects of the company's growth and capital structure to Corporate Social Responsibility. The population in this study are manufacturing companies listed in Indonesia Stock Exchange. Sample was conducted by purposive sampling method and then the number of samples is 37 companies. The research data is secondary data obtained from the website of the Indonesia Stock Exchange and the Indonesian Capital Market Directory from 2013 until 2015. Data analysis by path analysis technique with SPSS 23 software. The results of this study showed that: (1) the company's growth and capital structure had positive and significant impact on CSR. (2) the company's growth and capital structure had positive and significant impact on profitability. (3) profitability had positive and significant impact on CSR. (4) profitability is able to mediate the effect of company's growth and capital structure on Corporate Social Responsibility significantly.
PENGARUH FAKTOR EKONOMI MAKRO, RISIKO INVESTASI DAN KINERJA KEUANGAN TERHADAP RETURN SAHAM PERUSAHAAN DI BURSA EFEK INDONESIA (BEI) Made Artaya; Ida Bagus Anom Purbawangsa; Luh Gede Sri Artini
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME 03.NO.12.TAHUN 2014
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

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Abstract

The significance of the effect of macroeconomic factors, the risk of investmen and financial performance of the stock return is the aim of this study. All companies in Indonesia Stock Exchanges is study population. The analysis technique used is the path analysis, the results of hypothesis testing: (1) interest rates had an insignificant positive effect on investment risk and rupiah exchange rate had a significantly positive effect on investment, (2) the interest rate had an insignificantly positive effect on the Earning Per Share (EPS), the rupiah interest rate had insignificantly negative effect on Eraning Price Ratio (PER), the rupiah exchange rate had an insignificant negative effect on EPS and the rupiah exchange rate had a insignificantly positive effect on the PER, (3) the interest rate had a significant positive effect on stock returns and the rupiah exchange rate did not significantly influence on stock returns, (4) the risk investment had a significantly negative effect on stock returns, (5) EPS had a significantly positive effect on stock returns and PER had a significant positive effect on stock returns.   Keywords: Macroeconomic factors, the risk of investment, financial performance, and stock returns.
EVA SEBAGAI MEDIASI TERHADAP NILAI PERUSAHAAN DENGAN KEPUTUSAN KEUANGAN Ni Wayan Nurani Wijanti; Ida Bagus Panji Sedana; Ida Bagus Anom Purbawangsa
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.05.NO.11.TAHUN 2016
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

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Abstract

Increase in the value a company has often linked to shareholder wellfare as a result of company performance. One of company performance which is financial performance can be seen as economic value added (EVA). EVA is predicted as a variable that can mediating investment opportunity, leverage, and dividend policy in influencing company value with the help of path analysis. This research used cencus of manufacturing companies listed in Bursa Efek Indonesia (BEI) that sharing its dividend troughout time window 2010 until 2013. As result of this research state, EVA only can mediating leverage influence to company value. Likewise, on examination of variable direct effect is founded only leverage that can influence directly to company value.
Pengujian Anomali Pasar Size Effect dan The Day of Week di Bursa Efek Indonesia Oki Tjandra Suryo Hartoyo; IB Anom Purbawangsa
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.07.NO.09.TAHUN 2018
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (473.763 KB) | DOI: 10.24843/EEB.2018.v07.i09.p03

Abstract

Capital market as a place to invest investors need to have some accurate information to consider returns and risks obtained, the existence of capital market anomaly symptoms due to the many parties and various factors involved causing the emergence of irregularities such as Size Effect and The Day of Week effect. The purpose of this study to determine the existence of irregularities of both anomalies in the Indonesia Stock Exchange. Data sourced from sectoral shares listed on the Indonesia Stock Exchange period January 2017 - July 2017 as many as 21 companies with sampling techniques using purposive sampling method and obtained two types of groups of large capitalized stock and small capitalized stock. The analysis tools used include One Way ANOVA Test and Two Sample Tests Free Test (Independent Sample T test). The results of the company size study there is no size effect. On the day of trading there was no anomaly symptoms of The Day of Week effect where the smallest return occurred on Tuesday (Tuesday effect) and the highest return occurred on Wednesday. The result of firm size measurement on trading day explains that there is significant difference of result due to weakness of public purchasing power of that period. Advice can be given to investors not always relying on anomalies when making investment decisions.
PENGARUH LITERASI KEUANGAN, PENDAPATAN SERTA MASA BEKERJA TERHADAP PERILAKU KEPUTUSAN INVESTASI IGA MERTHA DEWI; Ida Bagus Anom Purbawangsa
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.07.NO.07.TAHUN 2018
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (576.45 KB) | DOI: 10.24843/EEB.2018.v07.i07.p04

Abstract

Research respondents are employees of PT Bank Pembangunan Daerah Bali Branch Renon with a sample of 76 people. Sampling technique in this research use random sampling. Data were analyzed by using Multiple Linear Regression Analysis. The result of this indicate that financial literacy, income has a positive effect on investment decision behavior, but the work period positively has no effect on investment decision behavior. This is because in the banking industry, the entire new employee and who have been working long time get the training and obtain informations about financial developments and financial conditions that occur at this time. In the other words the undertanding of financial literacy and employee behavior is almost the same. Based on the results of statistical data, financial literacy variables have the most influence in determining the behavior of investment decisions compared to income. This explains that a good understanding of finance is a major factor in determining an invesment decisions.
REAKSI PASAR DI SEKITAR PERISTIWA KENAIKAN HARGA BBM PADA RETURN SAHAM IDX30 DI BURSA EFEK INDONESIA I Ketut Gede Saputra; Ida Bagus Anom Purbawangsa; Luh Gede Sri Artini
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.06.NO.03.TAHUN 2017
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

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Abstract

The purpose of  this study is to determine the significance of average abnormal return around the fuel price increase evens as well as testing the significance of differences in average abnormal return before and after the events of fuel price increase. Secondary data isuused on this study. Determination of the sample is done through by census method. Testing  of abnormal return around the fuel price inrease use statistical test by one sample t-test and paired sample t-test to testing the diffrences of abnormal return before and after the event of fuel price increase. The results of this research show that by testing the first hypothesis that no market reaction around fuel price increase shown where there is no significant positive abnormal return. The test on second hypothesis that the announcement of fuel price increases event do not affect investor’s reaction both before and after the announcement shown that no significant positive abnormal return value.
KINERJA PORTOFOLIO SAHAM OPTIMAL DI BURSA EFEK INDONESIA (Berdasarkan Single Index Model dan Stochastic Dominance) Luh Putu Fiadevi Wulandari; I.B Panji Sedana; I.B Anom Purbawangsa
E-Jurnal Ekonomi dan Bisnis Universitas Udayana VOLUME.05.NO.09.TAHUN 2016
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

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Abstract

This study directly applying the Single Index Model and Stochastic Dominance to solve the problem of portfolio selection. This study aims to determine the performance difference between the Single Index Model and Stochastic Dominance. The use of secondary data used in this study with a sample selection purposive sampling techniques. When viewed under a single portfolio return index return model is able to produce a portfolio of (1%) and stochastic dominace return of (1.2%). The results showed that the value of the portfolio formation Stochastic Dominance has a higher Treynor index is 6.554% compared to the Single Index Model with Treynor index of 3.423%.