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Journal : EKONOMI, KEUANGAN, INVESTASI DAN SYARIAH (EKUITAS)

Perbandingan Buyback Stock Perusahaan Swasta dan Perusahaan Badan Usaha Milik Negara (BUMN) saat Pandemi Covid-19 Mohammad Arridho Nur Amin; Dewi Indriasih; Catur Wahyudi
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 3 No 3 (2022): February 2022
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v3i3.1329

Abstract

This study aims to analyze the differences between the Abnormal Stock Returns Trading Volume Activity of private and state-owned companies before and after the announcement of stock buybacks in the midst of the Covid-19 pandemic. The samples used were private companies and BUMN that carried out Buyback Stock during the Covid-19 pandemic. This research uses secondary data in the form of daily company stock price data, daily company trading volume data, as well as outstanding share data from private companies and BUMN listed on the Indonesia Stock Exchange. The calculation of expected return uses the Market Adjusted Model method. Testing the hypothesis using the paired sample t-test difference test. The results of this study are sig. (tailed) on the abnormal return variable, the probability value is greater than 0.05 (0.080 and 0.893 > 0.05) or the average cumulative abnormal return of private companies is greater than the average. Abnor¬¬mal cumulative stock returns of BUMN companies. On the trading volume activity variable, the results show the TVA significance value is smaller than 0.05, namely 0.043 and 0.43. so that it is stated that the cumulative average trading volume activity of BUMN companies is greater than the average cumulative trading volume activity of private companies
Reaksi Pasar atas Pengumuman Dividen PT.Kalbe Farma saat Pandemi Covid-19 Mohammad Arridho Nur Amin
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 3 No 4 (2022): May 2022
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v3i4.1585

Abstract

PT. Kalbe Farma is one of the issuers that earned a very large profit per share during the Covid-19 pandemic, this happened because of PT. Kalbe Farma is a supplier of medical devices and medicines needed by the community and government agencies, even during 2020 PT. Kalbe Farma can distribute dividends twice amid the Covid-19 pandemic conditions. This certainly gives a signal to investors and the public that PT. Kalbe Farma has resilience and can still increase its stock price when the economy is in recession. The purpose of this study is to see how much abnormal return and trading volume activity PT. Kalbe Farma obtained for the announcement of the second dividend in December 2020. The method used in this research is the method of studying events. The observation period was carried out in this study, which is 5 days before the dividend announcement and 5 days after the dividend announcement of PT. Kalbe Farma. The data used in the study were daily stock closing prices, daily JCI data, daily trading volume, and the number of outstanding shares. The results of the study obtained are a significant abnormal return value above 0.05 which is 0.290. The significance value of TVA is 0.380 so it can be concluded that there is an abnormal difference in return and trading volume activity before and after the announcement of pt dividends. Kalbe Farma
Pengaruh CAR, LDR, BOPO, Profitabilitas terhadap Loan quality pada Perbankan Syariah di Indoensia Catur Wahyudi; Mohammad Arridho Nur Amin; Fahmi Firmansyah
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 4 No 3 (2023): February 2023
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v4i3.2943

Abstract

Banking in Indonesia is one of the financial institutions that play an important role in the economy of a country, this is because banking is one of the financial systems that functions as a financial intermediary. Funds resulting from community mobility are allocated to various economic sectors and all areas in need quickly and accurately. The increase in the mobilization of public funds has not been served by the conventional banking system and to accommodate the need for banking services in accordance with sharia principles. The analytical technique that will be used in this study is to use multiple linear regression analysis techniques to obtain a comprehensive picture of the relationship between variables. CAR (Capital Adequacy Ratio) has no effect on loan quality at Islamic commercial banks, BOPO (Operational Costs and Operating Income) has no effect on loan quality at Islamic commercial banks, LDR (Loan Deposit Ratio) has no effect on loan quality at Islamic commercial banks, Profitability has no effect on loan quality in Islamic commercial banks.