scholarly journals Monday Effect Analysis On LQ45 Share Return in Indonesia Stock Exchange

2021 ◽  
Vol 11 (5) ◽  
pp. 33-42
Author(s):  
Tigris Asyur Sipahutar ◽  
Hakiman Dr MM
Keyword(s):  
Stock Exchange ◽  
Effect Analysis ◽  
Monday Effect

scholarly journals Day Of The Week dan Monday Effect: Fenomena yang Terbuktikan Tidak Konsisten Di Pasar Modal Indonesia

2008 ◽  
Vol 1 (1) ◽  
Author(s):  
Sumiyana Sumiyana
Keyword(s):  
Regression Analysis ◽  
Stock Exchange ◽  
Short Interval ◽  
Return Periods ◽  
Trading Frequency ◽  
Monday Effect ◽  
Methodological Research ◽  
Intraday Data ◽  
Day Of The Week ◽  
Observation Period

This research critiques Sumiyana (2007a) that is actually weak methodological research design. Sumiyana (2007a) investigates trading and nontrading periods return only, or it doesn’t split intra-day return into short interval period. Although Sumiyana (2007a) found strongly the phenomenon of the Monday effect, but it could not capture the inside occurrence in the intra-trading periods. This study examines the day of the week and Monday effect phenomena in the Indonesian Stock Exchange using intraday data in every 30 minutes interval. Samples of the data are the firms listed in LQ45. Sequentially, samples are filtered to stocks that actively traded in the Indonesian Stock Exchange based on trading frequency in observation period from January to December 2006. This study uses regression analysis with multiple dummies constructed by separating trading periods in every day into 12 return periods. This research finds that day of the week phenomena occur consistently in Indonesian Stock Exchange, but the occurrence are not evenly in the same day. In addition, this study concludes that Monday effect exists partially and incidentally only.

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 The Effect Analysis of Liquidity, Solvency on Profitability and Its Impact to the Company Value at PT KS, Tbk

2020 ◽  
Vol 3 (4) ◽  
pp. 3845-3860
Author(s):  
Masno Marjohan
Keyword(s):  
Firm Value ◽  
Manufacturing Industry ◽  
Stock Exchange ◽  
Annual Reports ◽  
Coefficient Of Determination ◽  
Return On Assets ◽  
Current Ratio ◽  
Financial Reports ◽  
Effect Analysis ◽  
Company Value

he purpose of this study is to analyze the company's ability to pay short-term debt and long-term debt, and this study is also to determine the effect on profitability and its impact on the firm value of the manufacturing industry listed on the Indonesia Stock Exchange (Tbk). The data is obtained from the company's annual reports from 2009 to 2018. The research method used by the author is quantitative descriptive method, by analyzing financial reports with quantitative data obtained from the company's official website and the Indonesia Stock Exchange. Management of statistical data usingEviews.The result of the research is to get the influence between variable X1, variable Y and X2 with variable Y, and simultaneously and variable Y to variable Z (Company value) by using multiple linear analysis obtained a regression equation. Calculation of the coefficient of determination or R Square, This shows that Liquidity (Current Ratio) and Solvency (Debt to Asset Ratio) have an influence on Profotability (Return on Assets) while the rest is influenced by other variables. Partially the liquidity variable (Current Ratio) has a significant influence on Profitability (Return on Assets), while partially there is an insignificant effect of Debt to Asset Ratio on Profitability (Return on Assets).

scholarly journals ANALISIS PENGARUH DIVIDEN TERHADAP VOLUME PERDAGANGAN SAHAM YANG TERGOLONG JAKARTA ISLAMIC INDEX DI BURSA EFEK JAKARTA

2016 ◽  
Vol 6 (1) ◽  
pp. 70
Author(s):  
Septy Indra Santoso
Keyword(s):  
Trading Volume ◽  
Stock Exchange ◽  
Financial Statements ◽  
Capital Gains ◽  
Linear Regression Method ◽  
Trade Volume ◽  
Stock Trading ◽  
Effect Analysis ◽  
Internal And External Factors ◽  
Determine Effect

<p><strong>Abstract</strong><br /><br />This study aims to determine Effect Analysis Dividend Stocks to Trade Volume categorized Jakarta Islamic Index at the Jakarta Stock Exchange. The method used is simple linear regression method. Data were collected using the company’s financial statements. The results showed that the dividend only significant effect on stock trading volume one day to three days after the distribution of dividends in 2005, while in 2006 dividends no significant effect on stock trading volume. In fact, the volume of stock trading is not only influenced by the distribution of dividends alone but also due to other things both internal and external factors such as capital gains, as well as the company’s financial performance.<strong></strong></p><p><strong>Abstrak</strong><br /><br />Penelitian ini bertujuan untuk mengetahui analisis pengaruh dividen terhadap volume perdagangan saham yang tergolong Jakarta Islamic Index di Bursa Efek Jakarta. Metode yang digunakan adalah metode regresi linier sederhana. Data yang dikumpulkan dengan menggunakan laporan keuangan perusahaan. Hasil penelitian menunjukkan bahwa dividen hanya berpengaruh signifikan terhadap volume perdagangan saham satu hari sampai tiga hari setelah pembagian dividen di tahun 2005 sedangkan di tahun 2006 dividen tidak berpengaruh signifikan terhadap volume perdagangan saham. Dalam kenyataannya, volume perdagangan saham tidak hanya dipengaruhi oleh pembagian dividen semata melainkan juga disebabkan oleh hal lain baik faktor internal maupun eksternal seperti capital gain, maupun kinerja keuangan perusahaan.</p>

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 STOCK RETURN ANALYSIS AND IMPLICATIONS IN COMPANY VALUE (PLASTIC AND PACKAGING COMPANIES LISTED IN IDX)

2020 ◽  
Vol 6 (7) ◽  
pp. 101-118
Author(s):  
Andrie Raditya Julianto ◽  
Afriapollo Syafarudin
Keyword(s):  
Exchange Rate ◽  
Stock Returns ◽  
Significant Influence ◽  
Stock Return ◽  
Stock Exchange ◽  
Annual Data ◽  
Effect Analysis ◽  
United States Dollar ◽  
Company Value ◽  
Technical Factors

This study aims to analyze fundamental factors and technical factors that influence stock returns and their implications for company value in Indonesia Stock Exchange, sub sector plastic and packaging. Fundamental factors of financial ratios are return on assets (ROA), current ratio (CR), debt to equity ratio (DER), and price earnings ratio (PER) while the technical factors are the rupiah exchange rate using changes in value exchange rupiah (RP) against United States dollar (USD). This study used annual data for the observation period from 2010 to 2017. The sampling method used was Purposive Sampling, as the result 8 companies (64 samples) met the criteria and processed using E-views 9 program. The analytical method used in this study is panel data and multiple linear regression as a method of analysis and measurement of direct effect and indirect effect analysis. The results showed that ROA, CR, DER, and PER are having positive and insignificant influence on stock returns however the exchange rate has negative and significant influence on stock returns. ROA, DER, and PER are having positive and insignificant influence on company value however CR and exchange rates have a negative and insignificant effect on company value. Stock returns has positive and significant influence on company value. The examination of indirect effects showed stock return could be considered as an intervening variable to measure the influence of fundamental factors and technical factors to company value.

scholarly journals Pengujian Monday Effect pada Indeks LQ-45 di Bursa Efek Indonesia pada saat Pandemi

2021 ◽  
Vol 31 (9) ◽  
pp. 2378
Author(s):  
Komang Bagus Surya Kepakisan ◽  
I Gst Ayu Eka Damayanthi
Keyword(s):  
Data Collection ◽  
Stock Market ◽  
Stock Exchange ◽  
Secondary Data ◽  
T Test ◽  
Research Results ◽  
Monday Effect ◽  
Average Return ◽  
Analysis Technique

Research in Indonesia found many anomalies in the stock market, such as the Phenomenon of Monday effect. The diversity of research results encourages to re-research the Phenomenon of Monday effect on different conditions, namely pandemic. The purpose of this study is to find out the occurrence of Monday effect on the Indonesia Stock Exchange at the time of the pandemic. This research was conducted on all LQ-45 companies in March to October 2020. Data collection by observing the available secondary data. The analysis technique used is one sample t-test. This research proves that there is no difference in average return on Monday which the phenomenon of Monday effect doesn’t occur during a pandemic. Keywords: Monday Effect; LQ-45 Index; Indonesia Stock Exchange.

scholarly journals The Occurrence of the Day-of-the-Week Effects on Polish and Major World Stock Markets

2014 ◽  
Vol 37 (1) ◽  
pp. 71-88
Author(s):  
Paweł Jamróz ◽  
Grzegorz Koronkiewicz
Keyword(s):  
Time Series ◽  
Stock Exchange ◽  
Return Time ◽  
Stock Exchanges ◽  
Limited Evidence ◽  
Monday Effect ◽  
Common Effect ◽  
Warsaw Stock Exchange ◽  
The Subject ◽  
Day Of The Week

Abstract The aim of this paper is to analyze the occurrence of the so called day of the week effects in market return time series from the period of January 2003 to September 2013 (and additionally January 1999 to December 2002). The study focuses on four indices of the Warsaw Stock Exchange (WIG, WIG20, mWIG40 and sWIG80) and additionally five indices of major world stock exchanges (NIKKEI 225, DAX, CAC40, S&P 500, and IBEX). The main data sample was divided into three subperiods in order to determine whether or not the intensity of day of the week anomalies is constant in time. The study revealed a substantial number of the day of the week anomalies in earliest subperiods and very limited evidence of those effects in later ones, giving rise to the conclusion that the intensity of the day of the week anomalies is diminishing with time. The most common effect identified on the WSE was a positive Friday effect. The Monday effect often described in early literature on the subject matter seems to currently occur very rarely. The study also indicates that the day of the week effects were more persistent among stocks with smaller market capitalization on the WSE.

scholarly journals Study on the Wandering Weekday Effect in the Indonesian Capital Market Based on Trend Moderation Effect

2020 ◽  
Vol 5 (1) ◽  
pp. 10-20
Author(s):  
Usman Arief
Keyword(s):  
Market Efficiency ◽  
Capital Market ◽  
Stock Exchange ◽  
Moderation Effect ◽  
Monday Effect ◽  
Price Data ◽  
Changes Over Time ◽  
Over Time ◽  
Distribution Error

This study investigates a wandering weekday effect, an assumption anomaly from fixed weekday effect to changes over time, under the moderation effect of market trend. We employ daily price data from the Jakarta Stock Exchange (JKSE) from 2000 to 2019. This study reveals that the fixed weekday effect has diminished when we introduced a market trend. Using robustness of distribution error, our further studies find that there is a negative wandering Monday effect when the market is falling. The findings provide a crucial contribution to market efficiency and help to reconcile mixed findings in previous studies

Sign in / Sign up

Export Citation Format

Share Document