Pranyoto, Edi
Institut Informatika Dan Bisnis (IIB) Darmajaya

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ANALISIS KOINTEGRASI DAN KAUSALITAS ENGEL GRANGER TINGKAT SUKU BUNGA SIMPANAN, PERUBAHAN NILAI TUKAR RP/USD DAN RETURN PASAR SAHAM DI BURSA EFEK INDONESIA Pranyoto, Edi
Jurnal Bisnis Darmajaya Vol 3, No 2 (2017): Jurnal Bisnis Darmajaya
Publisher : Institut Informatika Dan Bisnis (IIB) Darmajaya

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 The Engel Granger Test is a method to indicate the possibility of a short-term and long-term relationship between economic variables as required by economic theory. In the concept of cointegration, two variables non-stationary will be cointegrated when the combination is linear as well. The purpose of this study is to apply the test cointegration and test of Engel Granger causality to see whether there is a relationship of short-term and long-term interest rate, exchange rate, and stock market returns in Indonesia Stock Exchange before and after crisis Monetary Indonesia. This research used time series data of interest rate, exchange rate, and stock market return. The result showed that there is long-term equilibrium relationship between stock return variables, interest rates and exchange rate on the Indonesia Stock Exchange. The stock return has a short-term and long-term impact on the exchange rate in the Indonesian capital market. The development of the exchange rate before economic crisis of 1993-1997 showed a relatively stable condition. However, since the end of 1997 until the year 2015 showed a relatively unstable condition, increased and decreased. Similarly, the development of stock returns and savings interest rates increased and decreased over time. In other words the movement of these three data indicates high volatility, making it difficult to predict the movement of these variables.Keywords: cointegration, causality of engel granger, time series, interest rate,                   exchange rate, and stock market return
DAPATKAH KITA MEMPREDIKSI PERUBAHAN HARGA SAHAM? Pranyoto, Edi
Jurnal Bisnis Darmajaya Vol 2, No 1 (2016): Jurnal Bisnis Darmajaya
Publisher : Institut Informatika Dan Bisnis (IIB) Darmajaya

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The purpose of this paper is to study the behavior of stock prices at LQ45 based on the behavior of stock prices at LQ45 itself in the period 2013 until 2015. The sample in this study is a company incorporated at LQ 45 index from 2013 until 2015. The basic model of the data used is time series data. Time series data often indicates conditions are not stationary at the current level, but often shows a stationary through diferensi process. Then, the data will be analyzed using Model Autoregressive Integrated Moving Average (ARIMA / Box-Jenkins). Based on the test results showed that the stock price data at LQ45 in a random and white noise, so there is no dependence on the companys stock price changes at LQ 45 index.Key words : Efficient Market, Random Walk, White Noise
KEPUTUSAN INVESTASI MASYARAKAT DI PASAR MODAL Pranyoto, Edi; Siregar, Nolita Yeni; Depiana, Depiana
Jurnal Bisnis Darmajaya Vol 4, No 1 (2018): Jurnal Bisnis Darmajaya
Publisher : Institut Informatika Dan Bisnis (IIB) Darmajaya

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ABSTRACT The development of a country can be measured by knowing the level of capital market and securities industry in the country. The capital market is market to obtain long-term funding sources, in addition between being a sources of financing, capital markets are also used as an investment. Investment is the sacrifices in the present in order to obtain greater benefits in the future. Investment decision-making is a process to conclude or make decisions on some issues or problems, one of which is to make a choice between two or more alternative of investment or a part of the transformation of inputs into outputs. The purpose of this study was to examine the perception of financial literacy, financial attitudes, and social demographics of financial behavior of employees in investment decision making. Samples in this study are all private employees in Bandar Lampung, there are 100 respondents used. This research method is associative with the data analysis technique used is multiple regression analysis. Data collection techniques using non-probability sampling with purposive sampling approach. The analysis showed that financial literacy, financial attitudes, and social demographics have a significant effect on financial behavior of employees in investment decision making with significant value less than 0,05. Keywords — Behavioral Finance, Investment Decisions, Financial Literacy, Financial Attitudes, Social Demographics. ABSTRAK Perkembangan suatu negara dapat diukur, salah satunya dengan mengetahui tingkat perkembangan dunia pasar modal dan industri-industri sekuritas pada negara tersebut. Pasar modal merupakan wadah untuk memperoleh sumber dana jangka panjang,selain menjadi tempat sumber pembiayaan, pasar modal juga digunakan sebagai sarana investasi. Investasi  merupakan  pengorbanan  yang  dilakukan  pada  saat  sekarang dengan tujuan untuk mendapatkan manfaat yang lebih besar di masa yang akan datang. Pengambilan keputusan investasi adalah proses untuk menyimpulkan atau membuat keputusan tentang beberapa isu atau permasalahan, salah satu nya adalah membuat pilihan diantara dua atau lebih alternatif investasi atau bagian  dari  transformasi  input  menjadi  output.Tujuan dari Penelitian ini adalah untuk menguji persepsi literasi keuangan, sikap keuangan, dan sosial demografi terhadap perilaku keuangan karyawan dalam pengambilan keputusan investasi. Sampel pada penelitian ini adalah seluruh karyawan swasta di Bandar Lampung dengan sampel yang digunakan sebanyak 100 responden. Metode penelitian ini adalah asosiatif dengan teknik analisis data yang di gunakan adalah Analisis Regresi Berganda. Tehnik pengambilan data menggunakannon-probability sampling pendekatanpurposive sampling. Hasil analisis menunjukkan bahwa literasi keuangan, sikap keuangan, dan sosial demografi berpengaruh signifikan terhadap perilaku keuangan karyawan dalam pengambilan keputusan investasi dikatakan berpengaruh karena nilai signifikansi kurang  dari 0,05. Kata Kunci — perilaku keuangan keputusan investasi, literasi keuangan, sikap keuangan, sosial demografi. 
EVALUASI KINERJA REKSADANA DAN KEBIJAKAN SUKU BUNGA: BUKTI EMPIRIS REKSADANA SAHAM DI INDONESIA Pranyoto, Edi; -, Susanti
Jurnal Manajemen Magister Darmajaya Vol 4, No 02 (2018): Jurnal Manajemen Magister Darmajaya
Publisher : Jurnal Manajemen Magister Darmajaya

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Many investors have problems in choosing investment instruments with returns and risks in accordance with the wishes of investors. One investment that can be chosen by the investors is mutual funds. This study aims to evaluate the performance of stock mutual funds and determine the impact of interest rates on stock mutual funds. This research was carried out during 2013-2017. The analysis use Analysis Regression. The results of the analysis indicate that during 2013-2015 the performance of stock mutual funds was below the interest rate, but during 2016-2017 the performance of stock mutual funds fluctuated and several times outperformed interest rates. The test results show that the interest rate variable has a significant negative effect on Stock Mutual Funds. This shows that interest rates have a negative influence on the performance of stock mutual funds, this means that when the government increases interest rates, the performance of stock mutual funds decreases, and vice versa, when interest rates decrease, the performance of stock mutual funds increases. The cause of the reduction in net asset value of stock mutual funds in the short term when interest rates increase, due to an increase in interest rates makes the majority of people shift their funds from stock mutual funds to savings or time deposits.Keywords : Mutual Funds Performance, Interest Rate.