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Journal : Journal of Entrepreneur and Business

Analysis Of Investor Rationality Towards Stock Price Index And Optimal Portfolio In Go Public Company Shares On The Indonesian Stock Exchange Wisnu Daru Setiawan; Mariati Tamba; Wardojo
Journal of Entrepreneur and Business Vol. 2 No. 1 (2023): Journal of Entrepreneur and Business
Publisher : LPPM Universitas Respati Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52643/joeb.v2i1.44

Abstract

This study aims to determine the existence of investor rationality in choosing optimal stocks and portfolios by using a single index model on company shares listed on the IDX in 2018. The type of research used is analytic research. This analytic study aims to draw general conclusions and prove hypotheses about the average difference of two independent samples. The data used are secondary data obtained from information released by the Indonesia Stock Exchange including the daily closing stock price and the daily closing stock price index of listed companies. The sample selection method used is purposive sampling, where the sample selection is done on the basis of the researchers' consideration. the number of samples used in this study were 30 samples. The results showed that there was investor rationality towards optimal ownership of shares and portfolios by using a single index model on stocks listed on the Indonesia Stock Exchange during the weakening period of the rupiah in 2018 (t count value of 2.16 or greater than t value of α of 2.13). This can be seen from the difference in the average stock trading volume where the average trading volume of the optimal portfolio candidate shares is greater than the average trading volume of shares not the optimal portfolio candidate. Keywords : Investor Rationality, Share Ownership and Optimal Portfolio
The Influence of Market To Book Value Of Asset Ratio, Market To Book Value Of Equity Ratio, Capital Expenditure To Book Value Of Assets And Earning Per Share On Stock Returns In LQ-45 Companies Listed On The Indonesia Stock Exchange 2013-2018 Sasmito Bayu Gentur Praptomo; Mariati Tamba; Wardojo
Journal of Entrepreneur and Business Vol. 2 No. 2 (2024): Journal of Entrepreneur and Business
Publisher : LPPM Universitas Respati Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52643/joeb.v2i2.53

Abstract

This study aims to analyze the effect of Market to Book Value of Asset Ratio (MKTBKASS), Market to Book Value of Equity Ratio (MKTBKEQ), Capital Expenditure to Book Value of Asset (CAPBVA), Earning per Share (EPS) on LQ 45 company stock returns on the Indonesia Stock Exchange for the period 2013-2018. This research is an explanatory research that explains the causality relationship using secondary data with a population of 45 companies incorporated in the LQ45 index on the Indonesia Stock Exchange in 2018. A sample of 35 companies were selected using the purposive sample method in accordance with predetermined criteria, one of which was to have a report finance in 2013-2018. The analytical method used is panel data regression. The results of this study indicate that partially, with a 95% confidence level Market to Book Value of Equity Ratio (MKTBKEQ) and Earning Per Share (EPS) significantly influence the LQ 45 company stock returns. Meanwhile Market to Book Value of Asset Rati (MKTBKASS) and Capital Expenditure to Book Value of Asset (CAPBVA) partially do not significantly influence the LQ45 company's stock returns. Simultaneously, all variables together affect the value of stock returns. Meanwhile based on the coefficient of determination obtained, it can be concluded that all independent variables are able to explain 21.64 percent of the variation in the stock prices of LQ 45 companies in Indonesia during 2013-2018 while the rest are explained by other variables. Keywords : Market to Book Value of Asset Ratio (MKTBKASS), Market to Book Value of Equity Ratio (MKTBKEQ, Capital Expenditure to Book Value of Asset (CAPBVA), Earning Per Share (EPS) and Stock Return
Analysis Of The Influence Of Social Demographics, Financial Knowledge, And Financial Attitude On Investment Decisions (Case Study On Employees Of The Republic Of Indonesia Financial Audit Agency) Susi Megawati; Eko Sembodo; Wardojo
Journal of Entrepreneur and Business Vol. 2 No. 2 (2024): Journal of Entrepreneur and Business
Publisher : LPPM Universitas Respati Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52643/joeb.v2i2.54

Abstract

Behavioral finance is a science that studies how humans respond and react to existing information which is then used to make investment decisions by paying attention to the risks inherent therein. The aim of this research is to find out how socio-demographic factors, financial literacy and financial attitude influence investment decisions among employees of the Supreme Audit Agency. The research method uses a quantitative approach with a questionnaire instrument, purposive sampling data collection techniques with 100 respondents, and Structural Equation Modeling (SEM) analysis methods. Based on the results of this research, it confirms: First, Social Demographic factors have a positive influence on investment decisions. Statistical test results show that 78% of investment decisions are influenced by socio-demographic factors. From several indicator variables studied, it shows that the income factor is an important factor in the socio-demographic variables, then the age maturity and education factors. Second, financial knowledge (financial literacy) has a positive and significant influence on investment decisions. Statistical test results show that 85% of investment decisions are influenced by financial knowledge. In this case, the investment knowledge factor is the strongest factor of financial knowledge for investment decision purposes. It is clear that financial attitude has a positive effect on investment decisions. Statistical test results show that 63% of investment decisions are influenced by the respondent's financial attitude. In this case, the cognitive aspect makes an important contribution to financial attitudes. This means that the individual's beliefs or attitudes towards finances are quite good. Then the behavioral aspect in applying finance and finally the affective aspect or the individual's emotional attitude towards finance. Keywords: Social Demographics, Financial Knowledge, Financial Attitudes, Investment Decisions.