Nilmawati Nilmawati
Universitas Pembangunan Nasional "Veteran" Yogyakarta

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Analysis Of Stock Return Anomaly On The Indonesia Stock Exchange Based On Market Capitalization Btari Gavrilla Larasati; C. Ambar Pujiharjanto; Nilmawati Nilmawati
Journal of Business Innovation and Research Vol 2, No 2 (2023): JOURNAL OF BUSINESS INNOVATION AND RESEARCH
Publisher : UPN Veteran Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31315/jubir.v2i2.12031

Abstract

There has been a well-known market anomaly in the stock market called the firm size effect. This theory explains that small-cap stocks may provide greater stock returns than big-cap stocks. This research aimed to test the firm size effect theory on 827 stocks listed on the Indonesia Stock Exchange (IDX) during January 2 to June 27, 2023. The research sample was divided into big-cap and small-cap categories based on the calculation of average market capitalization, then the average value of stock returns from both categories were statistically compared. The result showed that the average values of stock return from both categories were significantly different, but this finding did not support the hypothesis related to market anomalies, because the result showed that big-cap stocks provide a greater stock return compared to small-cap stocks. However, the top 10 small-cap stocks with the highest return showed a much greater value than the return of big-cap stocks. Therefore, investors may still choose to invest in small-cap stocks, especially for short-term investments.
The Influence of Green Supply Chain Management on Business Sustainability Through Green Innovation as a Mediating Variable on Natural Color Batik SMEs in Bantul Regency Erinna Indah Cahyaningrum; Titik Kusmantini; Nilmawati Nilmawati
West Science Business and Management Vol. 2 No. 03 (2024): West Science Business and Management
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsbm.v2i03.1054

Abstract

This study shows how business sustainability is influenced by Green Supply Chain Management (GSCM) and uses the mediating role of Green Innovation (GI) to explain the relationship. The quantitative descriptive method was used in this study. With a sample size of 50 Natural Batik SMEs, the population of this study was all Natural Batik SMEs in Bantul Regency spread across two villages, namely Wukirsari and Trimulyo. The data analysis method used in this study was SmartPLS 3. The results of the study indicate that: 1) GSCM has a positive effect on Business Sustainability; 2) GSCM has a positive effect on Business Sustainability; 3) GI mediates the effect of GSCM on Business Sustainability of Natural Batik UKM in Bantul Regency.