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Journal : Enrichment : Journal of Management

The Effect of Capital Structure on Stock Returns in Companies Listed on the Indonesia Stock Exchange for the 2015-2019 Period William Tjong; Rion Kurniawan
Enrichment : Journal of Management Vol. 12 No. 1 (2021): November: Management Science
Publisher : Institute of Computer Science (IOCS)

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Abstract

This research is entitled The Effect of Capital Structure on Share Earnings in Companies Listed on The Indonesia Stock Exchange for The 2015-2019 Period. This journal analyzes the effect of capital structure on stock returns in Indonesia. Where capital structure can be regarded as one of the factors that can explain stock returns. The data used in the study are companies that have been listed on the Kompas 100 index on the Indonesia Stock Exchange (IDX) in Indonesia which publish periodic financial reports from 2015 to 2019, the data used is time series data, data obtained from yahoo finance , and the Indonesia Stock Exchange website. The results showed that the capital structure has no significant effect on stock returns, but other control variables such as earnings per share, return on assets and size have a significant effect on stock returns.
The Impact of the Covid-19 Pandemic on the Stock Market: Empirically (Analysis of Indonesia's Major Stock Index) William Tjong; Michael Michael
Enrichment : Journal of Management Vol. 12 No. 1 (2021): November: Management Science
Publisher : Institute of Computer Science (IOCS)

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Abstract

This study aims to investigate the impact of the COVID-19 pandemic on major stock indexes in Indonesia. Researchers construct weekly data panels from stock index returns, new cases of the COVID-19 pandemic and new confirmed cases of the COVID-19 pandemic. Pooled OLS regression, conventional t-test and Mann Whitney test were used to estimate the results in this study. The results in this study show that new cases of the COVID-19 pandemic and new confirmed cases of the COVID-19 pandemic are significantly related to weekly stock index returns, then this study shows that there is a difference in weekly returns before the COVID-19 pandemic with weekly returns when occurrence of the COVID-19 pandemic.
Stock Selection Analysis on the IDX30 Stock Index Listed on the Indonesia Stock Exchange Using the Single Index Model Ignatius Reysa Nugroho; William Tjong
Enrichment : Journal of Management Vol. 12 No. 1 (2021): November: Management Science
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1012.844 KB)

Abstract

This research is entitled Analysis of Share Selection on The Idx30 Stock Index Listed on The Indonesia Stock Exchange Using Single Index Model. This study aims to determine the optimal stock as a basis for decisions in determining investment in company shares that are in the IDX30 stock index listed on the Indonesia Stock Exchange (IDX) using the Single Index Model method. The research period used is January 2015 – December 2019. The population of this study is 30 stocks listed in the IDX30 stock index. The sample of this study was determined by purposive sampling with the criteria of stocks listed on the IDX30 index consecutively during the study period. So there are 19 stocks that became the sample of this study. The results of the analysis using the Single Index Model method, can form the best stock selection consisting of BBCA 56.94%, CPIN 9.34%, ICBP 17.91%, BBRI 9.29%, ADRO 3.39%, and TLKM 3.12%. The results of this study indicate that it is possible to build stock selections with maximum returns for a certain level of risk on the IDX30 stock index using the Single Index Model for the period January 2015 – December 2019.