scholarly journals Dinamika Abnormal Return Saham pada Perusahaan Terdaftar di BEI

2018 ◽  
Vol 1 (1) ◽  
pp. 77
Author(s):  
Ganisya Kirana
Keyword(s):  
Positive Affect ◽  
Stock Returns ◽  
Empirical Evidence ◽  
Multiple Regression ◽  
Abnormal Return ◽  
Stock Return ◽  
Stock Exchange ◽  
Independent Variables ◽  
Regression Test ◽  
Abnormal Stock Returns

AbstrakThe purpose of this research was to get empirical evidence about the effect of the issuance of islamic bonds (sukuk) and conventional bonds on the abnormal stock returns. The independent variables used are islamic bonds (sukuk) and conventional bonds. The dependent variable used in this study is the abnormal stock return in observations from 2008-2016.The population in this study are all issue islamic bonds (sukuk) and conventional bonds on the Indonesia stock exchange, those are 13 companies with criterias issuing islamic bond (sukuk) and conventional bonds, this obtained 30 samples used in this study. And the samples are the compaines listed during the period 2008-2014. The sampling is done by purposive sampling.The result showed based on multiple regression test for islmaic bonds (sukuk) and conventional bonds that positive affect the abnormal stock return  Keywords: Islamic bonds (sukuk) conventional bonds, and abnormal stock returns.

scholarly journals PENGARUH PENERBITAN SUKUK TERHADAP REAKSI PASAR (SURVEY TERHADAP PERUSAHAAN-PERUSAHAAN YANG MENERBITKAN OBLIGASI SYARIAH YANG TERDAFTAR DIBURSA EFEK INDONESIA SELAMA TAHUN 2015)

2019 ◽  
Vol 4 (3) ◽  
pp. 496-503
Author(s):  
Mulya Iskandar ◽  
Ridwan Ridwan
Keyword(s):  
Stock Returns ◽  
Abnormal Return ◽  
Research Method ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Secondary Data ◽  
Cumulative Abnormal Return ◽  
Market Reactions ◽  
Independent Variables ◽  
The Relationship

This study aims to determine how the influence of a sukuk instrument issuance on market reactions listed on the Indonesia Stock Exchange (IDX) during 2015. The research method used in this study is quantitative research. Quantitative research contains a relationship between cause and effect. The type of data used is secondary data, data collection used by the author is to know the relationship between two or more variables. The object to be examined in this study is the total value and rating of the issuance of Islamic bonds (sukuk) companies as independent variables and cumulative abnormal return shares of companies that issue Islamic bonds (sukuk) listed on the Indonesia Stock Exchange in 2015. The results of this study indicate the value of sukuk bond issuance and sukuk bond issuance ratings jointly affect stock returns. The value of issuing sukuk bonds partially affects stock returns and the rating of bond issuance has an effect on return.

scholarly journals DETERMINANT MODELS AFFECTING FINANCIAL PERFORMANCE AND STOCK RETURN COMPANIES REGISTERED IN INDONESIA STOCK EXCHANGE

2021 ◽  
Vol 19 (4) ◽  
pp. 905-924
Author(s):  
Sudarno Sudarno ◽  
◽  
Suyono Suyono ◽  
Yusrizal Yusrizal ◽  
Johannes Tambunan ◽  
...  
Keyword(s):  
Stock Returns ◽  
Stock Return ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Predictive Ability ◽  
Multiple Linear Regression Analysis ◽  
Capital Adequacy ◽  
Operating Income ◽  
Independent Variables

This research aims to analyze the effect of Capital Adequacy Ratio (CAR), Operating Expenses to Operating Income Ratio (BOPO), Loan to Deposits Ratio (LDR), Net Interest Margin (NIM), and Non-Performing Loan Ratio (NPL) variables on ROA and Stock Return of Banks That Listed in the Indonesia Stock Exchange. The population in this research is all banks listed on the Indonesia Stock Exchange. At the same time, the samples are 30 companies. The sampling uses the purposive sampling method. Secondary data was obtained in the Indonesia Stock Exchange and Yahoo! Finance. The independent variables used are CAR, BOPO, LDR, NIM, and NPL. The data analysis technique used is multiple linear regression analysis by SmartPLS software. This research indicates that the LDR, NIM, and NPL variables have a significant effect on ROA. The CAR, BOPO, and NPL variables have a significant effect on Stock Return. The predictive ability of the independent variables (CAR, BOPO, LDR, NIM, and NPL) on ROA is 59.5%, as indicated by the value of Adjusted R Square is 59.5%, while the remaining is 40.5% influenced by other variables not included in this research. The independent variables (CAR, BOPO, NIM, and NPL) on Stock Returns have 13.3% of Adjusted R Square while the remaining is 86.7% influenced by other variables.

scholarly journals PENGUJIAN ANOMALI PASAR (JANUARY EFFECT) DI BURSA EFEK INDONESIA

2019 ◽  
Vol 8 (9) ◽  
pp. 5571
Author(s):  
Ni Kadek Ema Yunita ◽  
Henny Rahyuda
Keyword(s):  
Stock Returns ◽  
Capital Market ◽  
Stock Price ◽  
Abnormal Return ◽  
Stock Exchange ◽  
Secondary Data ◽  
January Effect ◽  
Test Results ◽  
Average Return ◽  
Abnormal Stock Returns

The January effect is a phenomenon of deviation from the form of efficient capital markets, where the average return in January is higher than in other months. The purpose of this research is to find out whether there is a January effect on the IDX30 index group companies on the Indonesia Stock Exchange in the period February 2013 to January 2018. This study uses secondary data in the form of monthly stock price data used closing price on the Indonesia Stock Exchange. The sample used was 17 companies. The test results using the SPSS program is a t-test which shows that there is no difference in abnormal stock returns in January with months other than January. So, it can be concluded that the phenomenon of the January Effect does not occur in the Indonesian capital market. Keywords: january Effect, abnormal return, IDX30 Index

scholarly journals MEKANISME PENGUNGKAPAN EMISI KARBON DAN REAKSI INVESTOR

2019 ◽  
pp. 155
Author(s):  
Chen Kelvin ◽  
Oktavianus Pasoloran ◽  
Fransiskus Randa
Keyword(s):  
Stock Returns ◽  
Stock Return ◽  
Carbon Emission ◽  
Sampling Method ◽  
Stock Exchange ◽  
Negative Relationship ◽  
Cost Of Equity ◽  
Abnormal Stock Returns ◽  
The Cost

This research aims to investigate the role of carbon emission disclosure as a mechanism to improve the investors' reaction in the form of abnormal stock returns mediated by cost of equity. The sample used in this study were non-financial companies listed on the Indonesia Stock Exchange from 2013 to 2017 and 122 firms were selected using purposive sampling method. By using path analysis method, the results shows, that the carbon emission disclosure has negative relationship to the cost of equity, carbon emission disclosure has positive relationship to the abnormal stock return and cost of equity has negative and significant relationship to the abnormal stock return. In addition, using Sobel test, the results shows that cost of equity plays a role in mediating carbon emission disclosure to the abnormal stock returns.

Does Credit Rating Revisions Affect the Price of Common Stock: A Study of Indian Capital Market

2021 ◽  
pp. 227853372110335
Author(s):  
Gaurav Dawar ◽  
Shivangi Bhatia ◽  
Jai Parkash Bindal
Keyword(s):  
Stock Returns ◽  
Capital Market ◽  
Stock Return ◽  
Credit Rating ◽  
Stock Exchange ◽  
Critical Factor ◽  
Event Window ◽  
Share Prices ◽  
Abnormal Stock Returns ◽  
Rating Changes

The current investigation aims to assess the effect of credit assessment changes on the share prices of Indian companies from 2009 to 2019. The data of top 100 companies listed on National Stock Exchange (NSE) across 10 industries stem from CMIE databases. The excess stock return is compared with the market in a 15-day window around credit rating changes. The event effect on share prices is more in the pre-event window compared to the post-event window. Positive abnormal stock returns around upgrades through downgrades are statistically significant compared to upgrades. Credit ratings are not significant across industries, and agency nationality is a critical factor for calculating the intensity of price reaction.

scholarly journals PENGARUH KONSERVATISME AKUNTANSI TERHADAP ABNORMAL RETURN SAHAM PADA SAAT PENGUMUMAN SEASONED EQUITY OFFERINGS

MODUS ◽  
2016 ◽  
Vol 27 (1) ◽  
pp. 77
Author(s):  
Vinny Violetta ◽  
Jenjang Sri Lestari
Keyword(s):  
Stock Returns ◽  
Abnormal Return ◽  
Stock Exchange ◽  
Seasoned Equity Offerings ◽  
Accounting Conservatism ◽  
Equity Offerings ◽  
Control Variables ◽  
Abnormal Stock Returns

This study aims to determine the efect of conservatism against abnormal stock returns during the announcement of Seasoned Equity Oferings (SEO) companies listed on the Stock Exchange. Tis study was conducted to see the efect of accounting conservatism towards abnormal return during the announcement of SEO. Tis study also uses the control variables of size and leverage. The sample in this company using the 39 companies listed on the Stock Exchange and ofering additional shares during 2011-2013. Results from the study showed that conservatism has a signifcant positive efect on abnormal stock returns during the announcement of SEO. Control variables leverage signifcant negative efect on abnormal stock returns during the announcement of SEO. While size has no efect on abnormal stock returns during the announcement of SEO.Keywords: abnormal return, conservatism, leverage, seasoned equity ofering

scholarly journals The Analysis of Abnormal Stock Returns in LQ-45 Index during Covid-19 Pandemic

2021 ◽  
Vol 4 (1) ◽  
pp. 28-33
Author(s):  
I Komang Agus Tresna Sukadarma ◽  
◽  
N W K Dewi ◽  
I K Parnata ◽  
◽  
...  
Keyword(s):  
Stock Returns ◽  
Abnormal Return ◽  
Stock Return ◽  
Sampling Method ◽  
Average Value ◽  
Average Abnormal Return ◽  
Positive Abnormal Return ◽  
Abnormal Stock Returns ◽  
Kolmogorov Smirnov ◽  
Return Value

This research aimed: (1) to identify the average distinction of abnormal stock-return in LQ-45 during Covid-19 Pandemic around January-May 2020 in Indonesia, and (2) to identify the highest average abnormal stock-return during Covid-19 Pandemic around January-May 2020. The research sample used LQ-45 Share through purposive sampling method. Abnormal return denotes to the indicator used to measure the market reaction due to the particular event. Kolmogorov Smirnov and Kruskal Wallis test are used to assess the normality data and examine whether there was average distinction of abnormal stock-return in LQ-45 during Covid-19 Pandemic around January-May 2020 in Indonesia. The research finding represents that there is an average distinction of abnormal stock-return in LQ-45 during Covid-19 Pandemic in Indonesia. The most significant distinction shown on March 2020 which the average abnormal return value is 71.93, decreasing from February 2020 in average value of 102.43. Based on the data analysis, it is identified 17 companies with positive abnormal return whose highest average abnormal return during the pandemic around January-May 2020 is Barito Pacific Tbk (BRPT) company in value of 0.11399140.

scholarly journals Pengaruh Earning Per Share, Debt To Equity Ratio, Price Earning Ratio, Return On Equity Terhadap Harga Saham Perusahaan Makanan Dan Minuman Di Bei Periode 2015-2017

2019 ◽  
Vol 3 (2) ◽  
Author(s):  
Indrian Trifena Suriadi Dan Indra Widjaja
Keyword(s):  
Stock Returns ◽  
Stock Return ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Financial Statements ◽  
Multiple Linear Regression Analysis ◽  
Return On Equity ◽  
Independent Variables ◽  
Food And Beverage ◽  
Equity Ratio

This study aims to determine the effect of financial performance on stock returns in food and beverage companies listed on the Indonesia Stock Exchange in 2015 to 2017 simultaneously or partially. The variables used in this study are Earning Per Share (EPS), Debt To Equity Ratio (DER), Price Earning Ratio (PER), Return On Equity (ROE) as independent variables and stock return as the dependent variable.  The data used are financial statements from food and beverage companies published through the website ww.idx.co.id. The results of the study show that the independent variables EPS, DER, PER, ROE do not significantly influence the dependent variable (stock return) simultaneously. While the results of the study are partial, it shows that only EPS and ROE variables have a significant effect on stock returns. Thus it can be concluded that all the independent variables studied cannot be used simultaneously to determine the amount of stock returns. The data analysis method used in this study is a quantitative method by testing classical assumptions, as well as statistical analysis, namely multiple linear regression analysis. The sampling method used was purposive sampling.

Announcements Effect of Corporate Bond Issuance on Stock Returns: Evidence from Chile

2021 ◽  
Vol 37 (71) ◽  
pp. e2411242
Author(s):  
Edinson Edgardo Cornejo-Saavedra ◽  
Jorge Andrés Muñoz Mendoza ◽  
Carlos Leandro Delgado Fuentealba ◽  
Sandra María Sepúlveda Yelpo ◽  
Carmen Lissette Veloso Ramos
Keyword(s):  
Stock Returns ◽  
Abnormal Return ◽  
Stock Return ◽  
Stock Exchange ◽  
Statistical Significance ◽  
Abnormal Returns ◽  
Corporate Bond ◽  
Announcement Effect ◽  
Santiago De Chile ◽  
Average Abnormal Return

This study measures the announcement effect of corporate bond issuance on stock returns for companies listed on the Santiago de Chile Stock Exchange (BCS). The sample is made up of 29 firms and 87 corporate bond issuance announcements during the 2010-2017 period. The announcement effect of corporate bond issuance on stock return is measured by an event study. This methodology allows to calculate abnormal returns for the days of the event period. The results show that the average abnormal return on the day of the announcement is negative (between -0.09% and -0.03%), but it is not statistically significant. However, the average abnormal return on the day after the announcement is positive (between 0.27% and 0.32%) and has statistical significance. The significant and positive average abnormal return on the day after the announcement suggests a late market reaction. The study shows that there is a significant signaling effect of bond issuance announcements on stock returns.

scholarly journals PENDEKATAN DATA PANEL TERHADAP RETURN SAHAM: STUDI EMPIRIS PADA PERUSAHAAN LQ45

2019 ◽  
Author(s):  
Iing Angraini ◽  
Irdha Yusra
Keyword(s):  
Regression Analysis ◽  
Panel Data ◽  
Stock Returns ◽  
Analytical Method ◽  
Stock Return ◽  
Stock Exchange ◽  
Independent Variables

The purpose of this research is to analyze the influence of liquidity and leverage toward stock return in LQ45 company listed on the Indonesia stock Exchange in 2012-2017. The variables used in this research are dependent and independent variables. Meanwhile, the sample and population of this research are LQ45 Company listed on the Indonesia Stock Exchange in 2013-2017 and obtained a sample of 10 companies. The analytical method used is regression analysis of panel data with the help of application E-Views 8. The results showed that, (1) liquidity has a positive and not effect significant to stock returns, (2) leverage has a positive and significant effect on stock returns

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