scholarly journals Tinjauan Hukum Hak Beli Kembali dalam Perjanjian Jual Beli Saham di Pasar Modal

2021 ◽  
Vol 2 (2) ◽  
pp. 271-275
Author(s):  
Putra Umbu Sangera ◽  
I Nyoman Puru Budiartha ◽  
Ni Gusti Ketut Sri Astiti

A repurchase right agreement is a form of agreement that occurs and is found in people lives, such as residents who can take back their goods that have been sold under certain provisions as set out in article 1519 of the Civil Code. The aim of this research was to determine the legal review of the right to buy back in the share sale and purchase agreement in the capital market. The type of research used is normative with statutory approach. The source of legal material in this research is primary such as positive normative legal theory which stands on the doctrine that law is identical to pure norms in an objective sense free from ideological, ethical, and sociological values. The technique of legal materials used is by reading and quoting by analyzing willing invitations and using small notes taken from books, literature, and other sources related to the issues discussed. The data that has been obtained are then analyzed and analyzed qualitatively. The result shows that the rights and obligations of the parties who sell shares in the capital market must be equal and fair, before the rights and obligations are equal, fair, and implemented, they must first make an agreement. Legal remedies that can be taken if a contract error occurs can be made through external courts (non-litigation) and courts (litigation).

2020 ◽  
Vol 2 (2) ◽  
pp. 454
Author(s):  
Julkifli Purnama ◽  
Ahmad Juliana

Investment in the capital market every manager needs to analyze to make decisions so that the right target to produce profits in accordance with what is expected. For that, we need a way to predict the decisions that will be taken in the future. The research objective is to find the best model and forecasting of the composite stock price index (CSPI). Data analysis technique The ARIMA Model time series data from historical data is the basis for forecasting. Secondary data is the closing price of the JCI on July 16 2018 to July 16 2019 to see how accurate the forecasting is done on the actual data at that time. The results of the study that the best Arima model is Arima 2.1.2 with an R-squared value of 0.014500, Schwarz criterion 10.83497 and Akaike info criterion of 10.77973. Results of forecasting actual data are 6394,609, dynamic forecast 6387,551 selisish -7,05799, statistics forecas 6400,653 difference of 6,043909. For investors or the public can use the ARIMA method to be able to predict or predict the capital market that will occur in the next period.


JURISDICTIE ◽  
2017 ◽  
Vol 6 (1) ◽  
pp. 50
Author(s):  
Dewi Wulan Fasya

This article seeks to examine the concept of buying and selling the right to buy back the book review law and civil law bai 'al-Wafa, according to the Shafi'i fiqh. In addition, this article also aims to determine the ratio of the purchase with repurchase review the statute books of civil law and bai al-Wafa, according to the Shafi'i fiqh. Based on the discussion of this article indicates that the purchase is a period of time agreed to recall goods that have been sold and the sale can not be more than five years. While bai 'al-Wafa, according to the Shafi'i fiqh of buying and selling that took sides coupled with the condition that the sale could be bought back by the seller, when the time limit has been determined arrive, while the goods sold are free to be used by the buyer. In sale and purchase of the right to buy back also set about replacement care costs of goods and so forth, while bai 'alWafa there is no mention of the replacement cost of care, which is paid only the cost of the initial purchase, the last of the law of sale and purchase with a repurchase in KUHPerdata much contested in the Supreme court decision which MA. No. 1729 K / Pdt / 2004, which stated that the purchase of the right to buy back is not allowed, while bai 'al-Wafa laws in Shafi'i fiqh books Raghibin Kanz al-Minhaj Fi Sharh al-Thalibin a transaction is fasid. <br />Artikel ini bertujuan mengetahui konsep jual beli dengan hak membeli kembali tinjauan kitab undang-undang hukum perdata dan bai` al-wafâ menurut fikih Syafi’i. Selain itu, artikel ini juga bertujuan untuk mengetahui perbandingan dari jual beli dengan hak membeli kembali tinjauan kitab undang-undang hukum perdata dan bai` al-wafâ menurut fikih Syafi’i. Berdasarkan uraian pembahasan artikel ini menunjukkan bahwa dalam jual beli ini ada suatu jangka waktu tertentu yang diperjanjikan untuk menebus kembali barang yang telah dijual dan jangka waktu jual beli ini tidak boleh lebih dari lima tahun. Sedangkan bai’ al-wafâ menurut fikih Syafi’i yaitu jual beli yang dilangsungkan dua pihak yang dibarengi dengan syarat bahwa yang dijual itu dapat dibeli kembali oleh penjual, apabila tenggang waktu yang telah ditentukan tiba, sedangkan barang yang dijual tersebut bebas dipergunakan oleh pembeli. Dalam jual beli dengan hak membeli kembali juga mengatur tentang penggantian biaya perawatan barang dan lain sebagainya, sedangkan bai’ al-wafâ tidak ada menyinggung tentang penggantian biaya perawatan, yang dibayarkan hanya harga awal pembelian, terakhir mengenai hukum dari jual beli dengan hak membeli kembali dalam KUHPerdata banyak dipertentangkan dalam putusan Mahkamah Agung diantaranya Putusan MA. No. 1729 K/Pdt/2004 yang menyatakan bahwa jual beli dengan hak membeli kembali tidak diperbolehkan, sedangkan bai’ al-wafâ hukumnya dalam fikih Syafi’i kitab Kanz al-Râghibin Fi Syarh Minhaj al-Thâlibin merupakan jual beli yang fasid


2016 ◽  
Vol 1 (9) ◽  
Author(s):  
Ismet Kumalić

Ovaj rad ima za cilj da se istraži međuovisnost i uloga inovacija na tržišta kapitalai moguće implikacije na razvoj Bosne i Hercegovine. Tržište kapitala je mjesto gdjese pojavljuju masovni investitori koji žele da zadovolje svoje različite interese. Oni ćeinvestirati u instrumente koji zadovoljavaju njihove interese i koji im omogućujuizbor. Na drugoj strani emitenti instrumenata na tržištu kapitala žele da maksimizirajusvoje ciljeve. Što je tržište kapitala bogatije sa instrumentima to su prilike za izbor iinvestiranje veće. Inovacije na finansijskom tržištu kreiraju nove prilike i odnose iomogućuju investitorima veći izbor, a emitentima postizanje različitih ciljeva.Inovacije koje nose dodatne opcije omogućuju sprovođenje ciljane ekonomskerazvojne politike. Zemlje koje se nalaze u procesu tranzacije, kreiranjem različitihinstrumenata, imaju mogućnost da kreiranjem novih instrumenta ostvare više ciljeva uisto vrijeme. U radu se na primjeru „buy back“ obveznica razrađuje ideja postizanjavišestrukih ciljeva. „Buy buck“ obveznice, kao novi instrument na tržištu kapitala uBosni i Hercegovini, predstavljaju inovaciju koja može biti efikasan instrument zarazvoj tržišta kapitala, postupno sprovođenje privatizacije u strateškim sektorima,prilagođavanje novim izvorima kapitala i dovoljna sigurnost investitorima uvrijednosne papire. Primjenom i kombinacijom naučnih metoda analize i sinteze,kvantitativne i komparativne metode i metode deskripcije i kompilacije potvrđena jehipoteza: da inovacije na tržištu kapitala dovode do jačanja tržišta kapitala i stvaranjauslova za brži ekonomski razvoj.


KINDAI ◽  
2021 ◽  
Vol 17 (2) ◽  
pp. 166-177
Author(s):  
Grenada Floren

Abstract: The ignorance of the people, especially those living in Kotabaru Regency regarding the existence and implementation of Law no. 08 of 1995 concerning the capital market and Law no. 7 of 2014 concerning trade, is used by illegal business actors to implement Ponzi schemes, pyramid schemes and insider trading on the businesses they offer. This study aims to find out about the development of digital business in the industrial revolution era, the implementation of Law no. 8 of 1995 concerning the capital market and Law no. 7 of 2014 concerning Trade in digital business, providing knowledge in choosing the right and appropriate digital business products. The sampling technique used was Quota sampling which was carried out on 50 respondents spread over 6 Districts in Kotabaru Regency. The qualitative descriptive analysis technique uses the scoring results from the questionnaire, for the results of the questionnaire with negative indications, further observations are carried out using purposive/judgmental techniques. From the results of the research, it was found that there are still many people who are entangled in illegal businesses. Keywords: Ponzi Scheme, Pyramid Scheme, Law No. 8 of 1995 concerning Markets Capital and Law no. 7 of 2014 concerning Trade   Abstrak : Ketidaktauan masyarakat khususnya yang tinggal di Kabupaten Kotabaru mengenai keberadaan dan pengimplementasian UU No. 08 Tahun 1995 tentang pasar modal dan UU No. 7 Tahun 2014 tentang perdagangan, dimanfaatkan oleh oknum pelaku bisnis ilegal untuk menerapkan skema Ponzi, skema piramida dan insider trading pada bisnis yang mereka tawarkan. Penelitian ini bertujuan untuk mengetahui mengenai perkembangan bisnis digital pada era revolusi industri, implementasi UU No. 8 Tahun 1995 Tentang pasar modal dan UU No. 7 Tahun 2014 Tentang Perdagangan pada bisnis digital, memberikan pengetahuan dalam memilih produk bisnis digital tepat dan sesuai. Teknik pengambilan sampel menggunakan Quota sampling yang dilakukan pada 50 orang responden yang tersebar pada 6 Kecamatan di Kabupaten Kotabaru. Teknik analisis deskriptif kualitatif menggunakan hasil skoring dari kusioner, untuk hasil kuisioner berindikasi negatife di lakukan pengamatan lanjutan menggunakan teknik purposive/judgmental. Dari hasil penelitan di temukan masih banyak masyarakat yang terjerat dalam bisnis ilegal.   Kata Kunci : Skema Ponzi, Skema Piramida, UU No.8 Tahun 1995 Tentang Pasar Modal dan UU No. 7 Tahun 2014 Tentang  Perdagangan


2020 ◽  
Vol 4 (2) ◽  
pp. 200-205
Author(s):  
Gusni Tanjung ◽  
Siti Komariah ◽  
Syamsu Yusuf

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.


2017 ◽  
Vol 1 (1) ◽  
pp. 25-43
Author(s):  
Yenni Samri Juliati Nasution

In trading activity in the capital market, information is one of the important factors to be known by market participants. Information on the capital market with regard to decisions made by the investor to choose the investment portfolio efficiently. The success of a company seen from the full value. at companies that go public, seen enterprise value of the share price. The stock price reflects the value of the company when the stock market in an efficient state. An efficient market may indicate that stock price fully reflect available information, this information may include the company’s annual reports, the distribution of dividends, stock splits, stock market analysts report and so on Islamic Capital Market in the frame must be in accordance with Islamic principles which certainly puts the right information so that member for the good of the investors.Dalam kegiatan perdagangan di pasar modal, informasi merupakan salah satu faktor penting untuk diketahui oleh parapelaku pasar. Informasi tentang pasar modal berkaitan dengan pengambilan keputusan yang dilakukan oleh para investor untuk memilih portofolio investasi yang efisien. Keberhasilan suatu perusahaan dilihat dari nilai penuh. Pada perusahaan yang go public, nilai perusahaan dilihat dari harga sahamnya. Harga saham mencerminkan nilai perusahaan bila pasar modal dalam keadaan efisien. Pasar yang efisien dapat menunjukkan harga saham yang mencerminkan secara penuh informasi yang tersedia, informasi tersebut dapat berupa laporan tahunan perusahaan, pembagian deviden, pemecahan saham, laporan para analis pasar modal, dan sebagainya. Pasar Modal dalam bingkai Islam harus sesuai dengan prinsip syariah yang pasti mengedepankan informasi yang benar sehingga member kebaikan untuk para investor.


The retail investors in India are characterized by an affinity to avoid risk and they lack the mental readiness to absorb the shocks of the volatile capital market. Hence, to attract the surplus funds possessed by the retail investors into the capital market, intermediaries like mutual funds are required. Though apparently mutual funds were intended to cater to the needs of the retail investor, the stock market has not won investors’ confidence to attract a growing share of household’s financial savings. Today, more players are entering into the market and a naïve investor is unable to deploy the investment in the right direction. The study analyse the retail investors financial decision in terms of investing their savings in the capital market through mutual fund investment. The study found that, investor’s with moderate risk tolerance level prefer to invest in mutual funds and return, marketability and liquidity are the most satisfying factors investor they look on.


Author(s):  
Uke Prajogo

The capital  market  is one of the important  financial  sector in the economy of a country. The capital market  is one of the effective  means to facilitate  long-term  funds held  by the public  to be channeled   in productive   sectors.  Capital  market  as one of the economic  instruments  is influenced  by events that  contain  information  for investors.  In- creasingly  important  role of capital  markets  in the economy  of a country, the more sensi- tive the capital  market  to various  events around  him. This study aims to assess the capital market  reaction  to the announcement   of United  Indonesia  Cabinet  reshuffle  vol 2 which took  place  on  October   19, 2011.  This  research  is quantitative   descriptive.   Assessment Cabinet  Reshuffle  reaction  to the announcement   of the stock price movement  LQ45 done through  observation   of price  movements,   abnormal  returns  (abnormal  returns),  Capital Asset  Pricing  Model  (CAPM),  and to Varibility  Reward  Ratio  (RV) during  the observa- tion period of 14 days before and 14 days after the announcement  date. The results showed that the announcement   of the cabinet  reshuffle,  do not give too strong  an influence  on the movement  of stock prices,  this  is evidenced   in the average  stock  price  and the average abnormal  return  is experiencing   fluctuating  movements  in the period of United Indonesia Cabinet  reshuffle  Volume  2. There  is no visible  trend  of the market  overreacted   to the emergence   of a significant  price  fall or rise  significantly.   Based  on this, there  is no sig- nificantrelationship    between abnormal  returns before and after the cabinet reshuffle which was conducted  on October  19, 2011.  Pessimistic   attitude  toward  improved  market  per- formance  of the post-reshuffle   cabinet  ministers  are also an indication  that the market  is not  overl    action  resulted  in the  announcement   of the    overnment's   cabinet  reshuffle. This study also showed  that agriculture,  mining, and chemical  industry  base, a variety of industries,   finance  and trade  in services  and investment   sector  was  the most  good  for investment  because  of the calculation  CAPM  expected  return  E (Ri) produced  smaller than  the average  expected  return  is realized  (Av.Ri) per sector  and the  low share  price means  the right time to invest. For Industrial  and Chemical  sector is a sector that is at the top rank has a value of -0.15987  and is the most affected  sectors.  While a good stock for investment  is INTP, SMGR, KRAS,  and CPIN. Top ranked  stocks are INTP that has the highest     value    that    is  equal    to   -0.09966     and   is   the   most    affected     stocks.


2003 ◽  
pp. 95-101
Author(s):  
O. Khmyz

Acording to the author's opinion, institutional investors (from many participants of the capital market) play the main role, especially investment funds. They supply to small-sized investors special investment services, which allow them to participate in the investment process. However excessive institutialization and increasing number of hedge-funds may lead to financial crisis.


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