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Government Officially Revokes PPKM Policy: Stock Market Investment Decisions Ali Wardhana; Ika Pratiwi Simbolon; Lilis Susilawaty; Stephanie Laurensia
Jurnal SEKURITAS (Saham, Ekonomi, Keuangan dan Investasi) Vol 7, No 1 (2023): Jurnal SEKURITAS
Publisher : Prodi Manajemen Universitas Pamulang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32493/skt.v7i1.29971

Abstract

The aim of this study is to examine the effect of behavioural biases from investors on investment decision before and after government officially revokes PPKM in Indonesia. This study is quantitative research which relies on numerical data. Data used in this research are secondary data for trading volume from November 2022 until February 2023 of companies listed on LQ45. This study also examines the difference in trading volume before and after revoking of PPKM, hence this’s event study. The results showed that investors’ behaviours have significant effect to trading volume before and after government officially revokes PPKM. On average, total trading volume is higher after the announcement from the government, 92,174,703 shares before the announcement and 110,020,882 shares after the announcement. Reflecting on this amount, since many community activities were hampered when the PPKM policy was implemented, after the termination of the policy, investors become more optimistic about investing in the capital market. This study provides valuable insights into the irrational behaviour of investors in Indonesia. It is worth mentioning that trading activities in stock exchanges mostly remain an anomaly. Further investigations can be made using the other measurements of behavioral biases in the stock market. 
THE EFFECT OF NARROW MONEY (M1), BROAD MONEY (M2) AND EXCHANGE RATE ON PROFITABILITY OF KBMI 1 AND 2 BANKS Ika Pratiwi Simbolon; Raya Panjaitan; Nia Angelia
SULTANIST: Jurnal Manajemen dan Keuangan Vol 12, No 1 (2024)
Publisher : Sekolah Tinggi Ilmu Ekonomi Sultan Agung Pematangsiantar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37403/sultanist.v12i1.571

Abstract

The aim of this research is to analyze the effect of narrow money (M1), broad money (M2) and exchange rates on the profitability of KBMI 1 and 2 banks. This research is quantitative research that relies on numerical data. This study is crucial to deliver valuable informations to investors and management of company. The method of data analysis in this paper is carried out quantitatively which will be measured using statistics through SPSS version 27. The data used in this study is secondary data from January 2018 - December 2023 at KBMI 1 and 2 banks. Based on this study, it can be summarized that M1 and M2 have significant effect to ROA for KBMI 1 Banks. Exchange rate has significant effect to ROA for KBMI 2 Banks. The monetary authority really needs to maintain economic stability by making good monetary policy. This will also have an impact on increasing profitability in the banking sector in Indonesia. The findings of this study can help investors, policy makers, and other stakeholders in making decision and improving the bank performance in the future. This study has several limitations, there’s no investigation further of Return on Asset of the other countries such as developing and developed countries. Researchers who want to conduct research with the same theme are expected to use other variables more specific to Return on Asset. It is hoped that further research will pay attention to other factors that can effect Return on Asset of banking companies.