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RETURN SAHAM, INFLASI, DAN STRUKTUR KEPEMILIKAN TERHADAP RISIKO INVESTASI Siti Komariah; Julenah Julenah; M. Chudori
Jurnal Keuangan dan Perbankan Vol 15, No 3 (2011): September 2011
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (171.134 KB) | DOI: 10.26905/jkdp.v15i3.1031

Abstract

The economic crisis in Indonesia had an impact on the declining performance of the companys fundamentalson the stock market. This degradation was caused by a failure in risk management, especially the unsystematicrisk. Many companies could not manage their debt policy, investment decision, earnings management,liquidity, and ownership structure that had implications for the risk. The objective of this research was toinvestigate the effect of stock return, inflation and ownersip stucture to investment risk of manufacturerindustries in 2003-2009. Population of this research was manufacturing companies listed in BEI. The samplingmethod used in this research was purposive sampling and the results were 126 companies based on thecriteria of the sample. Polling data method and judgment sampling were used to collect the data and two stageleast squares (2 SLS) were as the analysis method. Based on the hypothesis test, it could be summarized that allpredictors had a significant effect simultaneously. Result of the 1st model showed that only investment andprofitability effect to stock return partially ; 2nd model, SBI, KURS, and M2 had an effect to the inflationpartially; 3rd model was only dividend payout ratio and debt to equity ratio effected to ownership structurepartially ; 4th model showed that only return variable significantly influenced to investment risk partially
CAPITAL MARKET LITERACY AND STUDENTS INVESTMENT DECISIONS Gusni Tanjung; Siti Komariah; Syamsu Yusuf
JOURNAL OF APPLIED BUSINESS ADMINISTRATION Vol 4 No 2 (2020): Journal of Applied Business Administration - September 2020
Publisher : Politeknik Negeri Batam

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30871/jaba.v4i2.2104

Abstract

Capital market literacy is presents to give knowledge and experience to students as young investors with no experience in capital market investment products and transactions. The purpose of this research is to find out the role of capital market literacy to encourage students in making the right investment decisions. The unit analysis of this research was an active student of Widyatama University who has followed capital market school and become investors in the Indonesia capital market. This is preliminary research that only using simple statistical descriptive techniques about the number of students investors and their transaction values. The results showed that capital market literacy through capital market schools has an important role in increasing student investment interest and investment decisions which are reflected in the increasing trend of student investors and the value of their transactions in the capital market.
Working Capital Management: An Antecedent of Successful Supply Chain Management Djoko Roespinoedji; Siti Komariah; Tita Borshalina; Meryem Fati; Budiman .
International Journal of Supply Chain Management Vol 8, No 2 (2019): International Journal of Supply Chain Management (IJSCM)
Publisher : International Journal of Supply Chain Management

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The prime objective of current study is to investigate the impact of working capital management tools such as cash conversion cycle, inventory management, and receivable management on the performance of supply chain of manufacturing firms operating in Indonesia. In addition to that, the current study is also interested in examining the moderating role of corporate cash holdings in the relationship between cash conversion cycle and firm supply performance, inventory management and firm supply performance, and receivable management and firm supply performance. To achieve the objective of the current study, we have employed the structural equation modeling and used the statistical package of smart PLS-3. The data by mean of an adapted survey instrument in the form of questionnaire is collected from the operation and finance managers of Indonesian manufacturing firms. International Journal of Supply Chain ManagementThe results of the current study are providing support to the hypothesized results as working capital management appears in significant relationship with firm supply performance. The corporate cash holdings also appear in significant relationship with firm supply performance. The corporate cash holding also appears as a significant moderator between working capital and firm supply performance. The current study which in author knowledge is among few pioneering studies on this issue, will be helpful for financial experts, operation managers, academicians, researchers and other policy makers in formulating policies.
Analisis overreaction pasar pada portofolio saham winner dan loser manufaktur syariah di Bursa Efek Indonesia tahun 2017-2021 Siti Komariah; Windi Andriyani
Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan Vol. 4 No. Spesial Issue 5 (2022): Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan
Publisher : Departement Of Accounting, Indonesian Cooperative Institute, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (632.964 KB) | DOI: 10.32670/fairvalue.v4iSpesial Issue 5.2333

Abstract

This study aims to analyze the occurrence of market overreaction in the loser stock group and the winner stock group of Sharia Manufacturing companies listed on the Indonesia Stock Exchange. The purpose of this study is to examine the market overreaction on the winner and loser stocks of Islamic Manufacturing companies. There are 69 companies, there are 26 stocks classified as winners and 43 stocks classified as losers. This study uses abnormal returns as research variables. Abnormal return is the result obtained from the difference between the actual return and the expected return. Tests using statistics used are independent sample t - test, to test the difference between the average abnormal return loser and the average abnormal return winner. Additional testing uses data depicted by graphs. The results of the study based on hypothesis testing showed that there was no statistically significant overreaction in Sharia Manufacturing companies listed on the Indonesia Stock Exchange for 5 research periods in 2017-2021, the research output showed that the abnormal returns of winner stocks were consistently positive compared to abnormal returns of loser stocks which tended to be negative significantly.
PHENOMENON THE DAY OF THE WEEK EFFECT ON THE INDONESIA, JAPAN, AND AMERICAN STOCK EXCHANGES BEFORE, DURING, AND AFTER THE COVID-19 PANDEMIC Siti Komariah; Anisya Andriani Ramadhan
Jurnal Ekonomi Vol. 11 No. 02 (2022): Jurnal Ekonomi, Periode September 2022
Publisher : SEAN Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (491.424 KB)

Abstract

There is enough information to influence price movement in the capital market. Information this often responded by excessive by investors when take decision investment . This thing usually happen at times certain , especially at the beginning and end day work ( Monday , Friday ). The goal of this research is to determine how the phenomenon of the day of the week effect affects the stock markets of Indonesia (LQ45), Japan (Nikkei), and America (Dow Jones Industrial Average) during the COVID-19 pandemic period of 2019-2021. Also, we want to know if there is a difference in the return of shares on the Indonesia Stock Exchange (LQ45) between Monday and Friday and Tuesday, Wednesday, and Thursday. This is because the very severe covid-19 pandemic had a big effect on stocks and the global economy on Tuesday, Wednesday, and Thursday. We also want to know if there was a difference in the return of stocks in Indonesia, Japan, and the United States during the study period. The data used was index data return share from January 2019 to December 2021, with insufficient time series data for 205 data points. The methods of research used are comparative and event studies. Whereas the technical analysis used is the normality test, paired sample test, and independent sample t-test, Research results showing that there is The Day of The Week Effect at LQ45 Indonesia Stock Exchange is not there is difference In 2019, 2020, and 2021, alternate Tuesday, Wednesday, and Thursday with Monday Friday. Because : p value > 0.05 (95% confidence ). Research results LQ45 testing with Nikkei and LQ45 with DJIA is homogeneous or same , which shows that no there is difference level returns on the LQ45 index and the Nikkei index.
Price Reversal : Overreaction and Liquidity in Sharia Manufacturing Shares Listed in the Indonesia Sharia Stock Index (ISSI) for the Period 2019 – 2021 M. Rizkita Yoga; Siti Komariah
Enrichment : Journal of Management Vol. 12 No. 4 (2022): October: Management Science and Field
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (280.829 KB) | DOI: 10.35335/enrichment.v12i4.747

Abstract

In choosing their desired types of investment, investors often considered several factors. The objective of this study is to examine the influence of overreaction and liquidity on price reversal phenomenon. The method used is descriptive research method with quantitative approach. We employed secondary data obtained from the 73 sharia manufacturing companies that are registered in the Indonesia Sharia Stock Index (ISSI) during the period 2019-2021, which is determined using several criteria. Based on the analysis results, it is indicated that there is an effect of overreaction and liquidity on price reversals on Sharia Manufacturing shares listed on the ISSI during the period 2019-2021. This study highlighted that overreaction phenomenon is a major problem for investors and the company itself.
The Role of Overreaction in Consumer Goods Industry Sector - Cosmetics & Home Supplies on the Indonesia Stock Exchange Siti Komariah; Safruji Nurbastian
Jurnal Ilmu Manajemen Advantage Vol. 6 No. 1 (2022): June
Publisher : Institut Teknologi dan Bisnis Widya Gama Lumajang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30741/adv.v6i1.858

Abstract

This study aims to see whether there is an overreaction effect on the company's stock price in the Consumer Goods Industry Sector - Cosmetics & Home Supplies which are listed in the period January 2019 - February 2022 on the Indonesia Stock Exchange. Sampling in this study was carried out using purposive sampling method. This method has the criteria that the shares are always listed in the research period. The researcher uses data analysis in the form of simple linear regression and to answer normality using the Central Limit Theorem which is to find out whether the data submitted is normal. This study proves empirically that overreaction has an influence on stock prices, so that in its implications for stock investment investors do not have adequate understanding and are easy to accept information that is not necessarily true.
Rogalski effect di Bursa Efek Indonesia, Bursa Efek Amerika Serikat, Bursa Efek Jerman sebelum, sesaat, dan sesudah Pandemi Covid-19 Nur Azmi Aulya Hanum Tanjung; Siti Komariah
Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan Vol. 4 No. Spesial Issue 5 (2022): Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan
Publisher : Departement Of Accounting, Indonesian Cooperative Institute, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32670/fairvalue.v4iSpesial Issue 5.2443

Abstract

In fact, in an efficient capital market, stock prices will experience short changes, which investors will find difficult to predict and will cause an investor to not get an abnormal return (an abnormal return). Rogalski is a negative phenomenon that usually occurs on Mondays and disappears in April. This study aims to find out how the Rogalski Effect phenomenon is on the Indonesian, United States, and German Stock Exchanges for the 2019–2021 period. In addition, to find out whether there are differences in stock returns between Mondays in January to April and other days and months, and whether there are differences in stock returns on the Indonesian, United States, and German stock exchanges during the study period, The data used is daily main stock price index data from January 2019 to December 2021. The research methods used are the comparative method and event study. While the technical analysis using normality tests, homogeneity tests, and the Independent Sample T-test The results show that there is no Rogalski Effect phenomenon in the stock exchanges of Indonesia, the United States, and Germany because there is no significant difference in the average value of stock returns between Mondays in January to April and other days and months.
Analisis perbandingan kinerja keuangan perusahaan sebelum dan sesudah akuisisi pada perusahaan pengakuisisi yang terdaftar di bei tahun 2010-2021 Liza Anastasia Kinski Nur Afifah; Siti Komariah
Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan Vol. 5 No. 4 (2022): Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan
Publisher : Departement Of Accounting, Indonesian Cooperative Institute, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32670/fairvalue.v5i4.2585

Abstract

Acquisition is a growth strategy to improve company performance by buying shares in other companies. This corporate action has become a trend in Indonesia in 2010. With the hope of becoming more profitable, it turns out that many companies have suffered losses. Several of these companies have proven that the acquisition theory is not necessarily correct, therefore the purpose of this study is to analyze and compare whether there are significant differences in financial performance before and after making acquisitions in 2010-2021. This study uses a quantitative research method with a descriptive approach. The sample in this study were 43 companies. For the analysis technique itself using the Description Test and the Wilcoxon Signed Rank Test. The results of this study are that ROA, CR, and EPS experienced an average increase when the acquisition was made, but this increase did not show a significant difference before or after the acquisition. Then on TATO and DER there was an average decrease when the acquisition was made and this decrease did not indicate a significant difference before or after the acquisition. From the results of the research that has been done, it can be concluded that to see whether the company is experiencing growth or not after the acquisition, it cannot only be seen from the financial performance factor.
Analisis profitabilitas dan ukuran perusahaan terhadap initial return pada perusahaan IPO di Bursa Efek Indonesia Periode 2017-2021 Siti Komariah; Aliffia Difa Sabrina
Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan Vol. 5 No. 4 (2022): Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan
Publisher : Departement Of Accounting, Indonesian Cooperative Institute, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32670/fairvalue.v5i4.2592

Abstract

Companies that want to maximize the value of the company need a lot of funds or capital. To obtain the funds or capital, the company can conduct an initial public offering (IPO). An IPO is the process of issuing, buying, and selling shares to the public for the first time in the framework of an initial public offering of shares. This study aims to analyze the effect of profitability and company size on the initial return of IPO companies on the Indonesia Stock Exchange. The sample in this study was 253 companies that had IPOs during the 2017–2021 period. Multiple linear regression analysis was used with cross-sectional data in this study. Testing the model in this study uses the F-test, while testing the hypothesis uses the t-test. The results of this study show that the variable "profitability" has an effect on initial return, while the variable "firm size" has no effect on initial return.