scholarly journals Analysis of Share Buyback Announcements on Stock Price Returns: A Study of BSE Listed Stocks

2020 ◽  
Vol 16 (3) ◽  
pp. 98
Author(s):  
Vaddula V. Krishna Reddy
Keyword(s):  
Stock Price ◽  
Market Price ◽  
Secondary Data ◽  
Data Availability ◽  
P Value ◽  
Event Window ◽  
Significant Difference ◽  
Level Of Significance ◽  
Information Technology Companies ◽  
A Company

Buyback is a procedure that enables a company to repurchase its shares from its existing shareholders, usually at a price near to or higher than the prevailing market price. The present study is based on secondary data and the event window period of 21 days (10 days before the announcement and 10 days after the announcement) are taken to measure its impact. Based on data availability 24 sample companies cover public sector undertakings and information technology companies selected for the study. The cumulative abnormal return for the entire 21-day period is 1.31%. T-statistic 2.066 with p-value (0.069 > 0.05) at a 5% level of significance indicates that accept the null hypothesis and conclude that there is a significant difference of ARR between pre and post buyback announcement of sample companies.

scholarly journals The Announcement of Sharia Bank’s Conditional Merger Agreement. How Investor Reacted?

2021 ◽  
Vol 2 (2) ◽  
pp. 136-146
Author(s):  
Syamsuddin Syamsuddin ◽  
Versiandika Yudha Pratama
Keyword(s):  
Event Study ◽  
Stock Price ◽  
Abnormal Return ◽  
Secondary Data ◽  
T Test ◽  
Event Window ◽  
Paired Sample ◽  
Average Abnormal Return ◽  
Significant Difference ◽  
Before And After

This study aims to determine there is a difference in average abnormal return of BRI Syariah before and after the signing of the Conditional Merger Agreement (CMA), which is on October 12th, 2020. This research used event study for method and the data in this study are secondary data in the form of stock price data of BRI Syariah. The event window in this study for 11 (eleven) working days which is 5 (five) days before the event, 1 (one) day when the event occurs and 5 (five) days after the signing of the Conditional Merger Agreement (CMA) BUMN sharia bank. Meanwhile, the estimated period is set for 120 exchange days, namely at t-125 to t-6. Test conducted by paired sample t-test. The results of the paired sample t-test showed that there is no significant difference between the average abnormal return of BRI Syariah shares before and after the signing of the Conditional Merger Agreement. It can be concluded that neither the market nor investors reacted to the signing of the Conditional Merger Agreement (CMA) that occurred at BRI Syariah Bank.

Prediksi Harga Saham Perusahaan Perbankan Menggunakan Regresi Linear Studi Kasus Bank BCA Tahun 2015-2017

2019 ◽  
Vol 11 (1) ◽  
pp. 11-15
Author(s):  
Merfin Merfin ◽  
Raymond Sunardi Oetama
Keyword(s):  
Stock Price ◽  
Historical Data ◽  
Listed Company ◽  
Market Price ◽  
Local Economy ◽  
Average Error ◽  
Stock Investment ◽  
The People ◽  
Mining Tool ◽  
A Company

Stock investment is important for financial development in a company. Moreover, the stock price displayed by the company can be known by the people and the local economy because the company has gone public on the Indonesia Economic Exchange (IDX) at www.idx.co.id. There are several fundamental factors that influence the stock market price in a listed company and as a result the number of stock investors in Indonesia is very small. This cause made it difficult for the community to predict the stock price of banking companies at inconsistent prices. The method to be used in this paper is Linear Regression using Excel tools to perform calculations and SPSS 16.0 as a data mining tool. The research data taken is historical data of banking companies for 3 periods as a whole in the form of excel that has been downloaded from the Yahoo Finance website. The final results are in the form of MAPE charts in 3 years period, and Average error chart in 3 years period.

scholarly journals Harga Saham Sebelum dan Sesudah Stock Split

2020 ◽  
Vol 3 (2) ◽  
pp. 390-395
Author(s):  
Junita Putri Rajana Harahap ◽  
Murni Dahlena Nasution
Keyword(s):  
Event Study ◽  
Capital Market ◽  
Stock Prices ◽  
Stock Price ◽  
Research Method ◽  
Price Difference ◽  
Significant Difference ◽  
Stock Split ◽  
Before And After ◽  
A Company

The stock split causes the stock price to be cheaper so that it will attract potential investors to buy the stock. This research was conducted to determine when it is time for a company to do a stock split, information available on the capital market can be used by investors for consideration before investors make a decision to invest in shares. The study aims to determine the changes that occur in stock prices before and after the stock split policy by the company. The research method used in this research is event study research with a quantitative approach. This study examines how significant the stock price difference is after a stock split policy. The sample used in this study were all companies that carried out the 2016-2018 stock split policy. The results of research on companies that become samples have shown that the average stock price before the announcement of the stock split policy has no significant difference with the average stock price after the announcement of the stock split policy Keywords : Stock Price, Stock Split

scholarly journals Managing the Profitability Performance of the Banks: Exploring the Antecedents through Case Examination of MCB Bank

2020 ◽  
Vol 2 (3) ◽  
pp. 25-32
Author(s):  
Maria Shaikh ◽  
Sumra Shaikh ◽  
Ghazala Benghal ◽  
Haseeb Haleem Shaikh ◽  
Nadeem Juman Shah
Keyword(s):  
Commercial Bank ◽  
Secondary Data ◽  
P Value ◽  
Significant Variable ◽  
Budget Deficits ◽  
Financial Reports ◽  
Private And Public ◽  
Independent Variable ◽  
Level Of Significance ◽  
Major Factors

Debt financing has been used as an instrument of filling the budget deficits both in the private and public sector. Over the years it has gained popularity and it is now a common phenomenon to find in the finical reports of most companies’ extent of debt. The contribution Advances and deposits are crucial for all banks. This research is aimed to judge impact of debt, investments, Advances, Equity, Taxes and deposits on profitability of banks. This research is aimed at identify impact of major factors on profitability of Muslim commercial bank of Pakistan (MCB) covering the period from 2011 to 2016 Secondary data was used from annual financial reports and from the website of Muslim commercial bank of Pakistan (MCB) and state bank of Pakistan. This research study is descriptive and correlative in nature. The data then analysed through multiple regression analysis in electronic views (e-views) in order to measure if there exists any relationship between bank profitability and leverage. Debt, Advances, Investment Equity and Taxes selected as independent variables and profitability as dependent variable in order to examine the effects of debt, Advances, Equity and Taxes on firm performance. The findings of the research are significant as per hypothetical relationship. The study revealed that bank advances, investments and equity has a positive effect on profitability whereas Taxes affects negatively to the profitability of MCB. The regression results show that Advances, Investments and equity which is independent variable is significant variable of profitability the dependent variable. Its significant at.000 level of significance as the p-value shows.

scholarly journals JUMLAH PLATELET PADA PENDERITA PRE-EKLAMPSIA

2016 ◽  
Vol 20 (1) ◽  
pp. 43
Author(s):  
M. Arif Muchlis ◽  
Suci Aprianti ◽  
Hj. Darmawati ER
Keyword(s):  
Platelet Count ◽  
Pregnant Women ◽  
Secondary Data ◽  
Large Cell ◽  
Endothelial Damage ◽  
Control Group ◽  
P Value ◽  
Distribution Width ◽  
Significant Difference ◽  
The Mean

In pregnant women who previously did not have hypertension pre-eclampsia is a pregnancy complication, which characterized by the increased of blood pressure, proteinuria and/or oedema. One of theory about aetiology of pre-eclampsia suggests that this is caused by endothelial damage that can lead to adhesion and platelet aggregation. The aim of this study was to know the platelet count and indices by analyzing, such as mean platelet volume (MPV), its distribution width (PDW) and the large cell ratio (P-LCR) for diagnostic confirmation in pre-eclampsia patients. This research was a retrospective study using secondary data of routine blood test from medical records of pre eclampsia patients who were treated at Dr. Wahidin Sudirohusodo Hospital during the period of January to December 2011 and the normal pregnant women data that were taken as control. The data obtained were platelet count, MPV, PDW, P-LCR and analyzed using independent T test. The results showed that the mean platelet count in pre-eclampsia patients was lower than the control but had no statistically significant difference (p=0.325) whereas the mean of MPV, PDW and P-LCR in pre-eclampsia patients increased compared to the control group and was statistically significant with p value of MPV (p=0.003), PDW (p=0.002) and P-LCR (p=0.010). In conclusion, platelet indices can be used as diagnostic confirmation markers in pre-eclampsia patients.

scholarly journals Effect of COVID-19 Pandemic on the Market Price of Jute in India

2020 ◽  
pp. 89-97
Author(s):  
Logesh M ◽  
Paul Mansingh J ◽  
Nisha A
Keyword(s):  
Significant Relationship ◽  
West Bengal ◽  
Natural Fiber ◽  
Market Price ◽  
Secondary Data ◽  
Inferential Statistics ◽  
Significant Difference ◽  
Jute Bags

Jute is an important natural fiber crop cultivated in about 4 million hectares in India. Jute has the major export potential contributing to Rs.1, 000 to 1,200 crores annually. During the on-going pandemic COVID-19, the procurement is still lesser than the usual amount. As a result of the increase in demand for jute bags, there was an increase in the price of jute bags. But, the effect of COVID-19 on the prices of raw jute in the markets was not explored as most of the concerns are directed towards the jute industry and workers. Therefore, the study was carried out to assess the effect of COVID-19 pandemic on the market price of jute. The secondary data of market price and market arrival of jute before COVID-19 pandemic and during COVID-19 pandemic were collected from the official website of the Directorate of Marketing & Inspection (DMI), Ministry of Agriculture and Farmers Welfare, Government of India for Champadanga (Hooghly), Jiaganj (Murshidabad), Katwa (Burdwan) markets in West Bengal and the data were analyzed using descriptive and inferential statistics. Despite the price decrease during the pandemic, there was no significant difference in the price of jute before and during the COVID-19 pandemic. There were many variations in the market price of jute during the COVID-19 pandemic since the lockdown was enforced in five stages with strict restrictions in transport and other activities in the initial stages followed by relaxation in transport and other activities subsequently. There was a significant difference in the market arrivals of jute before and during the COVID-19 pandemic. The arrival of jute in the market increased during COVID-19 compared to before COVID-19 because of the demand created for jute bags during lockdown due to closure of jute mills. There was a significant relationship between market price and market arrival during the COVID-19 pandemic. As the quantity of jute arrival increases the price of jute decreases in the market. Farmers did not bear the brunt of COVID-19 as much as the workers in the jute mills, it is, perhaps, because of the schedule of sowing and harvesting. As of now, the MSP for jute is less than the market price. Therefore, it is recommended that the MSP for jute should be increased to safeguard the interests of the jute farmers.

scholarly journals VALUATION OF FINANCIAL PERFORMANCE AND STOCK PERFORMANCE (Case Study PT Holcim Indonesia Tbk)

2019 ◽  
Author(s):  
Yuniza Nurunniza ◽  
Yoyon Supriadi
Keyword(s):  
Financial Performance ◽  
Asset Management ◽  
Stock Price ◽  
Stock Exchange ◽  
Market Price ◽  
Cement Industry ◽  
Financial Statement ◽  
Stock Performance ◽  
Financial Report ◽  
A Company

The main purpose of a company is to prosper the shareholders. The shareholders will get profit from the company they own after one year of operation by selling their products or services. Therefore, company’s manager has responsibility to regulate the company to be profitable and needs to know and analyze how was the company has performed for period of time so the manager could correct mistakes in the decision making and maintain the company’s strengths. Besides the company’s manager, the shareholders also need to know about how the company’s performance to monitor whether investments they have is need to defend or could be abandoned. Succeed or not the management of a company written in annual report contained financial report or financial statement. Company and the shareholders need to understand the valuation of financial performance from the financial statement which are financing, asset management and profitability, also stock performance which consider the share market price in the stock exchange. This financial and share performance research is studied to PT Holcim Indonesia Tbk in cement industry who has gotten loss for two years, then compare with companies in the same subsector in Indonesia Stock Exchange. The used research data is financial report for year 2012 until 2016 which are secondary data obtained from Indonesia Stock Exchange. The result of the research shows that compare to the companies in the same industry, PT Holcim Indonesia Tbk from 2012 until 2016 has decreased performance escpecially in profitability. It was caused of the sales were not optimal and cost inefficiency, that caused stock price is declining. During those five years, PT Holcim Indonesia Tbk expanded it’s company which is financed by debt, so PT Holcim Indonesia being a company that the operation dominant use of debt. Keywords : Profitability, Asset Management, Financing, Stock

scholarly journals Analysis of Covid-19 Impact on Stock’s Abnormal Return in Sub Cigarette Sector Companies Listed on BEI

2021 ◽  
Vol 03 (01) ◽  
Author(s):  
May Mulyaningsih ◽  
◽  
Sri Hartini Sri Hartini ◽  
Resta Anggraeni ◽  
Denis Putra Mahendra ◽  
...  
Keyword(s):  
Stock Price ◽  
Abnormal Return ◽  
Stock Exchange ◽  
Hypothesis Test ◽  
Abnormal Returns ◽  
Secondary Data ◽  
Analysis Data ◽  
Test Analysis ◽  
Significant Difference ◽  
The Impact

Covid-19 is an international pandemic that has paralyzed the national economic sector. This study aims to analyze the impact of Covid-19 on stock’s abnormal return in cigarette sub sector companies listed on the Indonesia Stock Exchange in the January to May 2020 period. The population of this study is 5 cigarette sub sector companies listed on the Indonesia Stock Exchange in 2020. The research sample selection uses census method so as to obtain 5 sample companies with an observation period of 5 months (January to May 2020). Secondary data in this study regarding stock’s abnormal returns with actual return and market return proxies. Data obtained from the company's daily stock price and composite stock price index. Descriptive statistical analysis, data normality test analysis and hypothesis test analysis are processed using SPSS 25. Statistical test with paired sample t test showed no significant difference in abnormal return between the period of 52 days before and when WFH with a significant level of 95% (α = 0.05). From the SPSS test results it is known that the significance value obtained is equal to 0.911. When compared with the significance value that has been set. The value is greater (α> 0.05). So H1 which states there are differences in stock’s abnormal returns before and during the WFH Covid-19 is rejected.

scholarly journals Analysis of the Effect of Financial Performance, Company Size on Stock Prices with Dividend Policy as Moderating Variable in Pharmaceutical Companies Listed on the Indonesia Stock Exchange 2013-2019

2021 ◽  
Vol 8 (7) ◽  
pp. 161-168
Author(s):  
Watikah Sururi ◽  
Idhar Yahya ◽  
Erwin Abubakar
Keyword(s):  
Firm Size ◽  
Stock Prices ◽  
Stock Price ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Secondary Data ◽  
Pharmaceutical Companies ◽  
Company Size ◽  
Policy Variable ◽  
A Company

Financial instrument shares as part-ownership rights of a company which is evidence of or participation in a company. This study analyzes the effect of profitability, solvency, activity liquidity, and company size on pharmaceutical companies listed on the Indonesian stock exchange for 2013 – 2019. This study will also examine the dividend policy variable used as the moderating variable in the research model. The population is pharmaceutical companies listed on the Indonesia Stock Exchange for the period 2013 – 2019. All populations in this study were used as research samples of as many as nine companies. Moreover, the number of observations used was 63 observations. The type of data used is secondary data and the data analysis technique used in Panel Data Regression Analysis and Interaction Moderating Test with the help of EViews10 software. This study indicates that at alpha five percent, profitability and firm size have a significant positive effect on stock prices. In contrast, solvency, liquidity, and activity ratios have no significant effect on stock prices. This study also shows that dividend policy can strengthen the influence of solvency and liquidity on stock prices. However, dividend policy cannot moderate profitability, activity, firm size on stock prices. Keywords: Profitability, solvency, liquidity, activity, company size, dividend policy, stock price.

scholarly journals GOVERNANCE AND RESPONSE SERVICES IN SELECTED MUNICIPALITIES

2021 ◽  
pp. 315-320
Author(s):  
Maria Wendy M. Solomo
Keyword(s):  
Emergency Preparedness ◽  
Disaster Risk Reduction ◽  
Municipal Government ◽  
Secondary Data ◽  
Disaster Risk ◽  
P Value ◽  
Citizen Satisfaction ◽  
Satisfaction Index ◽  
Significant Difference ◽  
Z Value

The income inequality of two municipalities could affect the governance of local government units (LGUs). This study compared the governance and response of two municipalities with different income classification. It also determined the citizens’ perception of corruption and people’s attitude toward the LGU. This study is a comparative-descriptive type of research utilizing secondary data, particularly the Citizen Satisfaction Index System (CSIS) research reports. The second class municipality provided more services to the citizens than in the 4th class municipality. However, there was no significant difference in the citizen satisfaction (z-value = 1.93, p-value = 0.0536) on the governance and response overall services of the 2 LGUs. There were twenty-one (21) out of 150 citizen-respondents (14%) of the 4th class LGU experienced or encountered corruption while 11 or 7.33% of the citizens in the 2nd class LGU experienced corruption. The residents of both municipalities showed positive attitude toward the municipal government and perceived that their LGUs are moving towards the direction of its vision and attainment of its mission. Improvement of the LGU governance and response services on disaster risk reduction and management focusing on emergency preparedness in case of natural calamities and disaster such as pandemic is highly recommended.

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