scholarly journals PENGARUH SEASONAL EFFECT TERHADAP RETURN SAHAM LQ-45 DI BURSA EFEK INDONESIA TAHUN 2019 – 2020

2021 ◽  
Vol 10 (2) ◽  
pp. 109-117
Author(s):  
Budiman Budiman ◽  
Nur aida Arifah Tara ◽  
I Nyoman Nugraha AP
Keyword(s):  
Stock Return ◽  
Stock Exchange ◽  
Seasonal Effect ◽  
Monday Effect

The purpose of this research was to examine the existence of Monday Effect, Week Four Effect, and Rogalsky Effect on stock return of LQ-45 index ini Indonesian Stock Exchange (IDX) during 2019 – 2020. The statistic methods used to test the hypotheses are Mann Whitney. The results show that Monday Effect, Week Four Effect, and Rogalsky Effect exist on stock return of LQ-45 index in IDX.Keywords :Monday Effect, Week Four Effect, Rogalsky Effect, Return

scholarly journals Efek Anomali Pasar Terhadap Return Saham Pada Perusahaan Lq 45 Yang Terdaftar Di Bursa Efek Indonesia

2018 ◽  
Author(s):  
Sri Utami Ady ◽  
Rifatun Nuroniyah ◽  
Sugiyanto
Keyword(s):  
Stock Return ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Weekend Effect ◽  
Analysis Tool ◽  
Purposive Sampling ◽  
Monday Effect ◽  
Average Return ◽  
Significant Difference ◽  
The Difference

The purposes of this study was to: (1) analyze the differences (Rogalski Effect) (2) to analyze the difference (Monday Effect) (3) to analyze the difference (Weekend Effect) on stock return at LQ 45 company listed in Indonesia Stock Exchange.The method used in this study was descriptive quantitative, the sample in this study amounted to 43 companies selected by using purposive sampling technique, the analysis tool used was the Independent Sample t-test.The result of hypothesis (1) there was no significant difference between the average of Monday April stock return with the average of Monday not April stock return. And there was no Rogalski Effect on LQ 45 stock return listed on Indonesia Stock Exchange. The result of hypothesis (2) therewass no significant difference between the average return of stock of Tujuan penelitian ini adalah untuk: (1) menganalisis adanya perbedaan (Rogalski Effect) (2) menganalisis adanya perbedaan (Monday Effect) (3) menganalisis adanya perbedaan (Weekend Effect) terhadap return saham pada perusahaan LQ 45 yang terdaftar di Bursa Efek Indonesia. Metode yang digunakan dalam penelitian ini adalah deskriptif kuantitatif, sampel dalam penelitian ini berjumlah 43 perusahaan yang terpilih dengan menggunakan teknik purposive sampling, alat analisis yang digunakan adalah Independent Sample t-test. Hasil Uji Hipotesis (1) tidak terdapat perbedaan yang signifikan antara rata-rata return saham senin April dengan rata-rata return saham senin non April. Dan tidak terjadi Rogalski Effect pada return saham LQ 45 yang terdaftar di Bursa Efek Indonesia. Hasil Uji Hipotesis (2) tidak terdapat perbedaan yang signifikan antara rata-rata return saham senin dengan rata-rata return saham non senin. Dan tidak terjadi Monday Effect pada return saham LQ 45 yang terdaftar di Bursa Efek Indonesia. Hasil Uji Hipotesis (3) terdapat perbedaan yang signifikan terjadi pada hari rabu, sedangkan pada hari senin, selasa, dan kamis tidak terdapat perbedaan yang signifikan antara rata-rata return saham. Dan tidak terjadi Weekend Effect pada return saham LQ 45 yang terdaftar di Bursa Efek Indonesia selama periode Februari 2016 sampai dengan Januari 2017

scholarly journals ANALISIS RETURN SAHAM DENGAN PENDEKATAN MONDAY EFFECT DAN WEEKEND EFFECT DI BURSA EFEK INDONESIA

AdBispreneur ◽  
2020 ◽  
Vol 5 (2) ◽  
pp. 183
Author(s):  
Mohammad Benny Alexandri ◽  
Ratna Meisa Dai ◽  
Ema Fauziyah
Keyword(s):  
Stock Returns ◽  
Stock Return ◽  
Stock Exchange ◽  
Weekend Effect ◽  
Monday Effect ◽  
Analysis Technique ◽  
Spss Software

This study discusses the analysis of stock returns using the Monday effect and Weekend effect  on the Indonesia Stock Exchange in the LQ45 period February 2017 - January 2018. The method  of analysis technique used  is the partial test with SPSS software ver.21 . The results of this study indicate that there is an effect of the Monday effect and Weekend effect on the LQ45 daily stock return on the Indonesia Stock Exchange, where the lowest return occurs on Monday (Monday effect) and the highest return on Friday (weekend effect), in addition there is the lowest return concentrated in the last two weeks of each month (fourth and fifth week) or also called week four effect.  Penelitian ini membahas tentang analisis return saham dengan menggunakan pendekatan Monday effect dan Weekend effect di Bursa Efek Indonesia pada LQ45 periode Februari 2017 - Januari 2018. Teknik analisis data yang digunakan menggunakan uji parsial dengan software SPSS ver.21. Hasil penelitian ini menunjukkan bahwa terdapat pengaruh Monday effect dan Weekend effect terhadap return saham harian LQ45 di Bursa Efek Inonesia, di mana return terendah terjadi pada hari Senin (Monday effect) dan return tertinggi pada hari Jumat (weekend effect), selain itu terdapat return yang terendah terkonsentrasi pada dua minggu terakhir setiap bulannya (minggu keempat dan kelima) atau disebut juga week four effect.

The Effects of the Days of the Week on the Indonesian Stock Exchange

2017 ◽  
Vol 2 (4) ◽  
pp. 22-27
Author(s):  
Christiyaningsih Budiwati, SE,M.Si,Ak,CA ◽  
Ryan Noor Yudana
Keyword(s):  
Stock Return ◽  
Stock Exchange ◽  
Comparative Method ◽  
Jel Classification ◽  
Weekend Effect ◽  
Stock Trading ◽  
Monday Effect ◽  
Day Of The Week ◽  
The Difference ◽  
One Way Anova

Objective - The study aims to identify the difference of returns that occur on every trading day, to identify the occurrence of the phenomenon of the Day of the Week Effect; to identify the occurrence of Monday Effect on stock trading in the Indonesian Stock Exchange; and to identify the occurrence of Weekend Effect on the Indonesian Stock Exchange. Methodology/Technique - This study examines companies listed in the LQ 45 Index between January 2016 and December 2016. The results are tested using a comparative method. The sample used consists of 41 companies. The hypothesis was testing using a one-way ANOVA and independent sample t-test. Findings - The results show that there is a difference of stock return occuring on every trading, day indicating the occurrence of the day of the week effect phenomenon. Further, there was no Monday Effect phenomenon observed during the study period and there was no Weekend Effect Phenomenon observed during the study period. Novelty - Based on the results, it can be concluded that the phenomenon of the Day of the Week Effect occurred between January 2016 and December 2016, while the phenomenon of Monday Effect and Weekend Effect did not occur during the study period. Type of Paper - Empirical Keywords: Stock Return; The Day of The Week Effect; Monday Effect; Weekend Effect; LQ-45 Index. JEL Classification: G10, G12.

Analisis Komparatif Return Saham Dan Volume Perdagangan Saham Sebelum dan Sesudah Harbolnas Pada Perusahaan Dagang Yang Terdaftar Di Bei

2020 ◽  
Vol 17 (2) ◽  
Author(s):  
Devy Putri Milanda ◽  
Taufan Adi Kurniawan
Keyword(s):  
Linear Regression ◽  
Abnormal Return ◽  
Stock Return ◽  
Industrial Revolution ◽  
Online Shopping ◽  
Stock Exchange ◽  
Trade Volume ◽  
Volume Activity ◽  
Significance Level ◽  
Before And After

The industrial revolution resulted in several industries changing their management in order to survive, one of the industries that was affected quite considerably was the trading industry. This study aims to analyze stock return and Trade Volume Activity (TVA) of trading companies in Indonesia Stock Exchange (IDX) before and after Harbolnas (Hari Belanja Online Nasional) or National Online Shopping Days. The samples are all trading companies that have listed on the IDX in the year 2019. This study use multiple linear regression with a significance level of 5%. The results show there are no significant differences in the abnormal return before and after Harbolnas, and there are no significant differences in the TVA before and after the harbolnas

IMPLIKASI RETURN ON EQUITY, RETURN ON ASSET, NET INCOME& DEBT TO EQUITY RATIO TERHADAP RETURN SAHAM PADA PERUSAHAAN PROPERTI

2018 ◽  
Vol 3 (1) ◽  
pp. 59-66
Author(s):  
Muhammad Richo Rianto
Keyword(s):  
Data Analysis ◽  
Capital Market ◽  
Stock Return ◽  
Stock Exchange ◽  
Secondary Data ◽  
Net Income ◽  
Return On Equity ◽  
Property Companies ◽  
Equity Ratio

The research aims to analyze the effect of  Return On Equity (ROE ), Return On Asset (ROA), Net Income (NI) and Debt to Equity  (DER) on partially and simultaneously to Return Investment (RI) in property companies. Data were collected from secondary data in the financial documentation of Indonesian Capital Market  Directory ( ICMD ) and also can download in the official website of the Indonesian Stock Exchange www. IDX.co.id. Data analysis was using Eviews version  7.1. The results show that: ROE, ROA, NI, and DER simultaneously significant effect on the property company’s stock return, but partially only ROE and DER variable that significantly effects on stock return. Keywords: Return on Equity, Return on Asset, Net Income, Debt to Equity, Return Investment

Predictive view of the value relevance of earnings in India

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Hajam Abid Bashir ◽  
Manish Bansal ◽  
Dilip Kumar
Keyword(s):  
Capital Investment ◽  
Stock Return ◽  
Value Relevance ◽  
Stock Exchange ◽  
Predictive Ability ◽  
Cash Flows ◽  
Data Set ◽  
Content Type ◽  
Uniform Sample ◽  
Reported Earnings

Purpose This study aims to examine the value relevance of earnings in terms of predicting the value variables such as cash flow, capital investment (CI), dividend and stock return under the Indian institutional settings. Design/methodology/approach The study used panel Granger causality tests to examine causality relationships among variables and panel data regression models to check the statistical associations between earnings and value variables. Findings Based on a data set of 7,280 Bombay Stock Exchange-listed firm-years spanning over ten years from March 2009 to March 2018, the results show higher sensitivity of earnings toward cash flows, CI, divided and stock return and vice-versa. Further, the findings deduced from the empirical results demonstrate that earnings are positively related to value variables. Overall, the results established that earnings are value-relevant and have predictive ability to forecast the value variables that facilitate investors in portfolio valuation. The results are consistent with the predictive view of the value relevance of earnings. Several robustness checks confirm these results. Originality/value This study brings new empirical evidence from a distinct capital market, India, and provides a new facet to the value relevance debate in terms of its prediction view. The study is among earlier attempts that jointly measure the ability of earnings in forecasting different value variables by taking a uniform sample of firms at the same period. Hence, the study provides a comprehensive view of the predictive ability of reported earnings.

PENGARUH CURRENT RATIO, RETURN ON EQUITY DAN EARNING PER SHARE TERHADAP RETURN SAHAM PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2010 – 2019

2021 ◽  
Vol 5 (1) ◽  
Author(s):  
Susi Lusiana
Keyword(s):  
Data Collection ◽  
Stock Returns ◽  
Stock Return ◽  
Stock Exchange ◽  
Financial Statements ◽  
Financial Ratios ◽  
Manufacturing Companies ◽  
Current Ratio ◽  
Return On Equity ◽  
Earnings Per Share

The study of this research is to determine the effect of returning shares in manufacturing companies. This study uses the financial ratios contained in the company's financial statements. The financial ratios used in this study are the current ratio, return on equity, and earnings per share to stock returns in manufacturing companies listed on the Indonesian stock exchange in 2010-2019. This type of research used in this research is quantitative and the analytical method used is purposive sampling using SPSS 21 as many 10 manufacturing companies in the food, beverage, textile, rubber goods (tires), fisheries, and agriculture sectors. Data collection techniques are used by retrieving data through the website www.idx.co.id. The results showed that Current Ratio (CR) has a positive and significant effect on Stock Returns, Return On Equity (ROE) has a positive and significant effect on Stock Returns, and Earning Per Share (EPS) has a negative and significant effect on Stock Return.

scholarly journals Does Financial Performance Matter? Evidence on the Impact of Liquidity and Firm Size on Stock Return in Indonesia

2020 ◽  
Vol 11 (4) ◽  
pp. 546
Author(s):  
Mochammad Chabachib ◽  
Ike Setyaningrum ◽  
Hersugondo Hersugondo ◽  
Intan Shaferi ◽  
Imang Dapit Pamungkas
Keyword(s):  
Stock Returns ◽  
Firm Size ◽  
Significant Relationship ◽  
Stock Return ◽  
Stock Exchange ◽  
Mediating Effect ◽  
Return On Equity ◽  
Stock Investment ◽  
Equity Ratio ◽  
The Impact

In the modern era, stock investment can attract domestic investors or foreign investors. The objective is to invest their funds at the capital market that expect higher stock returns. The study aims to analyze factors that can affect stock returns and know the mediating effect of return on equity. The object of this research is the property and real estate sector that is listed on the Indonesia Stock Exchange from 2013 to 2018. This research used debt to equity ratio, current ratio, total asset turnover, firm size as independent variables and stock returns as dependent variables. Path analysis is used as reseach method tools with SMART PLS.The result says that debt to equity ratio and return on equity has a positive significant relationship with stock return, meanwhile firm size has a significant negative significant relationship with stock returns. Furthermore, return on equity can mediate the relationship between debt and equity ratios to stock returns.

scholarly journals Factors Affecting the Earning Response Coefficient with Real Activities Earning Management as Moderator: Evidence from Indonesia Stock Exchange

2019 ◽  
pp. 1-14 ◽  
Author(s):  
Aminullah Assagaf ◽  
Etty Murwaningsari ◽  
Juniati Gunawan ◽  
Sekar Mayangsari
Keyword(s):  
Stock Return ◽  
Sampling Method ◽  
Capital Expenditure ◽  
Stock Exchange ◽  
Financial Statements ◽  
Short Term ◽  
Factors Affecting ◽  
Earnings Per Share ◽  
Negative Effect ◽  
Positive Effect

This study aims to explain the phenomenon of the most active companies traded shares in Indonesian stock exchange. This research is motivated to analyze the response of investors to take a decision after presenting the company's financial statements. This study uses panel data consisting of 20 companies selected by purposive sampling method, using a regression model and data processing via SPSS 24. The results of this study found that the variable leverage and capital expenditure variables significantly influence the response of investors to execute the company's stock, thereby affecting the stock return. The level of leverage and significant positive effect on the response of investors, particularly due to the use of debt to investment would increase earnings per share or at a certain amount of equity can boost earnings per share acquisition. Capital expenditure and significant negative effect on the response of investors for investor tend to speculate on short-term period, which means that companies that invest in the early stages will have difficulties liquidity and rate of return will decline, so investors will shift their investment.

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