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Analisis Pengaruh Hari Perdagangan dan Nilai Tukar terhadap Indeks Harga Saham Gabungan (IHSG) di Bursa Efek Indonesia Tahun 2009 Wijaya, Erric; Istarini, Fatiah
Journal the Winners: Economics, Business, Management, and Information System Journal Vol 12, No 2 (2011): The Winners Vol. 12 No. 2 2011
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/tw.v12i2.671

Abstract

Before making investment decisions, investors need to analyze the pattern of trading days which change daily because of investors’ behavior in stock trading activity that affects the pattern of daily stock price movements. Changes in macro variables like exchange rates for instance, also can affect share price. To determine the influence of independent variables (day of the week effect and exchange rate) on the dependent variable (Jakarta Composite Index (JCI)), a research is conducted using multiple linear regression analysis. The initial test uses a test of normality and is resumed by testing multiple linear regression analysis and classical assumption. The hypothesis test uses t-statistics and F-statistics with a significance level of 5%. A descriptive statistics implies that there is an effect of trading days on stock prices. However, using backward stepwise linier regression model and multivariate analysis, the result indicates that there is no effect of trading days on stock prices. Using multivariate data analysis, it is found that stock prices is influenced by exchange rate.
KONDISI MAKROEKONOMI SEBAGAI FAKTOR YANG MEMPENGARUHI NERACA TRANSAKSI BERJALAN PERIODE 1999-2016 Wijaya, Erric
Ekspansi: Jurnal Ekonomi, Keuangan, Perbankan dan Akuntansi Vol 11, No 1 (2019)
Publisher : Jurusan Akuntansi Politeknik Negeri Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (597.729 KB) | DOI: 10.35313/ekspansi.v11i1.1247

Abstract

This study discusses the current account and itsinfluencing factors. The factors influencing the current account are macroeconomic factors, including national income (GDP), inflation, interest rate (SBI), and exchange rate.The period of this study starts from 1999 - 2016 using annual data. This study looks at the short-term and long-term effects of macroeconomic factors that affect the current account balance. The research model of this study was using cointegration test and Error Correction Model (ECM).The results showed that in the long run, the macroeconomic variables of national income (GDP) and inflation significantly influenced the current account balance. While in the short term, macroeconomic variables inflation and exchange rate significantly influenced the current account balance. Thusit can be concluded that, the inflation variable is the main macroeconomic variable that influenced the current account balance in the long term and in the short term. Keywords: current account, national income, SBI, inflation, exchange rate
PENDEKATAN THREE FACTOR MODEL PADA SEKTOR PROPERTY, REAL ESTATE DAN KONSTRUKSI BANGUNAN Wijaya, Erric
Jurnal Riset Manajemen dan Bisnis (JRMB) Fakultas Ekonomi UNIAT Vol 4 No 3 (2019)
Publisher : Economic Faculty, Attahiriyah Islamic University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (420.161 KB)

Abstract

This paper aims to confirm the existence of asset pricing model formulated by Fama and French (1996) by combining size, book to market equity (BE/ME) to risk premium (beta) in Capital Asset Pricing Model (CAPM) that was formulated by Sharpe (1964), Lintner (1965), and Black (1972) then implement it on 45 companies in the real estate, property, and construction building sector in Indonesia Stock Excange in the period 2014-2017. The paper adapts the Fama and French methodology using size and book to market equity (BE/ME) sort then forms portfolios based on historical data of returns, market capitalization, and book value. This study uses time-series data that examines for 48 months. The proposed methodology offers investors the opportunity to construct portfolio management strategies optimally. Moreover, it gives a new insight to portfolio managers in order to increase stock returns by investing in small capitalization firms. The obtained results show that the explanatory power of the Fama-French three-factor model only works significantly on the risk premium (beta) and book to market equity (BE/ME) factors, but does not work on size factor. Key words: Capital Asset Pricing Model, Fama-French Three-Factor Model, Portfolios, Stock Returns
Stocks Investment Decision Making Capital Asset Pricing Model (CAPM) Alecia Ferrari, Erric Wijaya,
Jurnal Manajemen Vol 24, No 1 (2020): February 2020
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jm.v24i1.621

Abstract

Investment in the capital market generally has a higher rate of return compared to investing in the financial market. Investors sometimes get difficulty in determining which stocks will produce a large return with a small risk. The method used to describe the application of CAPM in this research is done by grouping the efficient, yet inefficient stocks of the banking sector based on the CAPM method. The method in the sample selection was a purposive sample method and obtained 40 banking sector companies listed on the Indonesia Stock Exchange (IDX) during the period of August 2016 - July 2018. The results of this study indicate that there are 31 efficient stocks out of 40 stocks in banking sector. It can be seen that there are 31 banking stocks with a positive average rate of returns and 9 banking stocks with a negative average rate of returns. Meanwhile, the implication of this study is that banking sector shares have efficient shares, since the average rate of return is higher than the expected returns.
Analisis Laporan Keuangan Bank terhadap Return Saham pada Bank Umum Swasta Nasional Devisa Periode 2011—2015 Erric Wijaya; Muhammad Reyhan
Jurnal Ekonomi, Manajemen dan Perbankan (Journal of Economics, Management and Banking) Vol 3, No 1 (2017): Jurnal Ekonomi, Manajemen dan Perbankan (Journal of Economics, Management, and B
Publisher : STIE Indonesia Banking School

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35384/jemp.v3i1.114

Abstract

The purpose of this study was to determine and analyze the effect of bank financial report using variable Loan to Deposit Ratio (LDR), Capital Adequacy Ratio (CAR), Return On Asset (ROA), and Operating Income Operating Expenses (OIOE/BOPO) toward a stock return in a conventional bank. The sample selection using purposive sampling method and a sample of this research are as many as 18 national private commercial bank foreign exchange in Indonesia. Data obtained from secondary data in annual reports of a bank in Indonesia Stock Exchange sites. The analysis technique used in this research is multiple regression analysis. The hypothesis in this study was based on previous studies and various other supporting theories. The results of this study indicate that the loan to deposit ratio (LDR) positively effect on stock return, capital adequacy ratio (CAR) no significant effect on stock return, return on asset (ROA) positively effect on stock return. While Operating Income Operating Expenses variable removed for affected Multikolinierity.
Analisis Pengaruh Kecukupan Modal, Likuditas, Risiko Kredit dan Efisiensi Biaya Terhadap Profitabilitas Bank Umum Erric Wijaya; Aulia Wahyuning Tiyas
Jurnal Ekonomi, Manajemen dan Perbankan (Journal of Economics, Management and Banking) Vol 2, No 3 (2016): Jurnal Ekonomi, Manajemen dan Perbankan (Journal of Economics, Management, and B
Publisher : STIE Indonesia Banking School

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35384/jemp.v2i3.108

Abstract

The national economy is experiencing a slowdown in the third quarter of 2015, the bank’s performance also weakened with the economic downturn. In terms of profitability, pressure bank earnings are also expected to continue. Banks are expected to still be experiencing a slowdown in profit growth. The purpose of this study is to examine, analyze and deduce the effect of capital adequacy ratio, liquidity ratio, credit risk and efficiency ratios ROA charges against Indonesian commercial banks that went public during the period 2011-2015. The study population is an Indonesia commercial bank which goes public 2011-2015. The number of samples in this study was 40 banks with the dependent variable Return On Asset (ROA) as well as the independent variable Capital Adequacy Ratio (CAR), Loan to Deposit Ratio (LDR, Non-Performing Loan (NPL) and Biaya Operasional Pendapatan Operasional (BOPO). The method used in this research is the Linear Regression Analysis and t-test with a significance level of 5% and processed using EViews 7.1. The results of this study indicate that the NPL of significant positive effect on ROA commercial banks to go public the period 2011-2015. BOPO significant negative effect. CAR and LDR no significant positive effect on commercial banks to go public ROA period 2011-2015. The results of this study have implications for the management, practitioners, and academic communities, namely the need to consider the relationship of NPL, ROA, CAR, and LDR to ROA companies.
Analisis Service Recovery Sebagai Strategi Perbankan Terhadap Kepuasan Nasabah (Studi Pada Bank BTN Kantor Cabang Depok) Aisyah Sarahditya; Erric Wijaya
Jurnal Ekonomi, Manajemen dan Perbankan (Journal of Economics, Management and Banking) Vol 4, No 1 (2018): Jurnal Ekonomi, Manajemen dan Perbankan (Journal of Economics, Management, and B
Publisher : STIE Indonesia Banking School

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35384/jemp.v4i1.118

Abstract

The current level of competition in the banking industry is getting stronger and enable banks to do all kind of business to attract customers as much as possible, and make them satisfied. The bank always trying to improved the quality of service in this competition, and one of them is Bank BTN. Bank BTN managed the 6th of the top 10 Bank Service Excellence Monitor. The purpose of this research is to know customer satisfaction through service recovery. This research is quantitative descriptive research. This research used survey method by using questioner. The sample of this research is the customer of Bank BTN who experienced service failure especially ATM. Purposive sampling is used to select respondents, with 60 respondents and using Statistical for Solutions Products and Services (SPSS) as a technique of data analysis. The results of the research revealed that: 1. Distributive justice is positively related to customer satisfaction, 2. Procedural justice is positively related to customer satisfaction, 3. Interactional justice is positively related with customer satisfaction, 4. Distributive justice, procedural justice, interactional justice, together positively related to customer satisfaction.
Analisis Pengaruh Hari Perdagangan dan Nilai Tukar terhadap Indeks Harga Saham Gabungan (IHSG) di Bursa Efek Indonesia Tahun 2009 Erric Wijaya; Fatiah Istarini
The Winners Vol. 12 No. 2 (2011): The Winners Vol. 12 No. 2 2011
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/tw.v12i2.671

Abstract

Before making investment decisions, investors need to analyze the pattern of trading days which change daily because of investors’ behavior in stock trading activity that affects the pattern of daily stock price movements. Changes in macro variables like exchange rates for instance, also can affect share price. To determine the influence of independent variables (day of the week effect and exchange rate) on the dependent variable (Jakarta Composite Index (JCI)), a research is conducted using multiple linear regression analysis. The initial test uses a test of normality and is resumed by testing multiple linear regression analysis and classical assumption. The hypothesis test uses t-statistics and F-statistics with a significance level of 5%. A descriptive statistics implies that there is an effect of trading days on stock prices. However, using backward stepwise linier regression model and multivariate analysis, the result indicates that there is no effect of trading days on stock prices. Using multivariate data analysis, it is found that stock prices is influenced by exchange rate.
Sosialisasi QRIS Dalam Upaya Peningkatan Produktivitas UMKM Provinsi DKI Jakarta Antyo Pracoyo; Paulina Paulina; Erric Wijaya; Wasi Bagasworo; Whony Rofianto
BERDAYA: Jurnal Pendidikan dan Pengabdian Kepada Masyarakat Vol 4 No 1 (2022)
Publisher : LPMP Imperium

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36407/berdaya.v4i1.534

Abstract

The objectives of this activity include: exploring the problems faced by MSMEs during the second year of the Covid-19 pandemic; identify problems that occur in MSMEs in DKI Jakarta in a pandemic condition (New Normal); provide an overview and training in making QRIS for MSMEs in DKI Jakarta; provide strategic management tips so that they can survive and even develop unexpected opportunities; provide continuous assistance and monitoring to MSMEs assisted by P3D which have been carried out after entering the New Normal period. QRIS socialization is one of the efforts made by the government to respond to the changes that occur, especially to the very rapid development of information technology. QRIS socialization was carried out for MSME actors in the DKI Jakarta area in collaboration with Bank Indonesia Jakarta Branch, P3D DKI Jakarta. The method used in this activity is in the form of socializing the use of QRIS which will be applied by Bank Indonesia to MSME players in the DKI Jakarta area. In this outreach activity, MSME participants received training on: how to solve problems, entrepreneurship, digital transformation, and change management.
Analisis Faktor-Faktor yang Mempengaruhi Nilai Tukar Rupiah Periode 1999Q1-2019Q2 Erric Wijaya
Jurnal Samudra Ekonomi dan Bisnis Vol 11 No 2 (2020)
Publisher : Universitas Samudra

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (603.265 KB) | DOI: 10.33059/jseb.v11i2.1919

Abstract

The exchange rate plays an important role in influencing the level of Indonesia's international trade towards trading partner countries. This study discusses the factors that influence the exchange rate of the rupiah against dollar both in the short and long term. The variables that are suspected to influence changes in exchange rates are the inflation rate, the interest rate (SBI), world oil prices, the value of exports, and the value of imports. This research was conducted during 1999 quarter 1 to 2019 quarter 2. The results showed that there was a long-term and short-term relationship between inflation rates, interest rates, world oil prices, exports and imports to the exchange rate. In the short term, the interest rate and world oil prices have a significant effect on the exchange rate. In the long run, the inflation rate, world oil prices and imports have a significant effect on the exchange rate.