scholarly journals Behavior Analysis Herding of Indonesian Stock Exchange (Case Study of Stocks Listed in LQ45 Index)

2021 ◽  
Vol 4 (4) ◽  
Author(s):  
Sri Isworo Ediningsih ◽  
◽  
Atika Verananda ◽  
Aryono Yacobus
Keyword(s):  
Decision Making ◽  
Behavior Analysis ◽  
Capital Market ◽  
Detection Method ◽  
Stock Exchange ◽  
Psychological Characteristics ◽  
Absolute Deviation ◽  
Cross Sectional ◽  
Deviation Method

Decision making in the capital market is not always based on rational considerations. Investors' actions are also influenced by psychological characteristics that emerge as human innate nature. These psychological characteristics will encourage different investor reactions. This study aims to test the indications of behavior herding on the Indonesia Stock Exchange 2006 to 2010. This study uses a sample of companies listed in the LQ45 index of 62 companies. The herding detection method is the CSAD (Cross-Sectional Absolute Deviation) method from Chang et al (2000). The variables used were dispersion value, returns absolute market and returns market squares. The data return used is derived from returns weekly for 260 weeks. The results in this study are no discovery of behavior herding on the Indonesia Stock Exchange either overall (5 years) or every year.

scholarly journals Behavior Analysis Herding of Indonesian Stock Exchange (Case Study of Stocks Listed in LQ45 Index)

2021 ◽  
Author(s):  
Sri Isworo Ediningsih ◽  
Atika Verananda ◽  
Aryono Yacobus
Keyword(s):  
Decision Making ◽  
Behavior Analysis ◽  
Capital Market ◽  
Detection Method ◽  
Stock Exchange ◽  
Psychological Characteristics ◽  
Absolute Deviation ◽  
Cross Sectional ◽  
Deviation Method

Decision making in the capital market is not always based on rational considerations. Investors' actions are also influenced by psychological characteristics that emerge as human innate nature. These psychological characteristics will encourage different investor reactions. This study aims to test the indications of behavior herding on the Indonesia Stock Exchange 2006 to 2010. This study uses a sample of companies listed in the LQ45 index of 62 companies. The herding detection method is the CSAD (Cross-Sectional Absolute Deviation) method from Chang et al (2000). The variables used were dispersion value, returns absolute market and returns market squares. The data return used is derived from returns weekly for 260 weeks. The results in this study are no discovery of behavior herding on the Indonesia Stock Exchange either overall (5 years) or every year.

scholarly journals ARE ISLAMIC STOCKS LESS EXPOSED TO SENTIMENT-BASED MISPRICING THAN NON-ISLAMIC ONES? EVIDENCE FROM THE INDONESIAN STOCK EXCHANGE

2021 ◽  
Vol 7 (1) ◽  
Author(s):  
Rizqi Umar Al Hashfi ◽  
Ahmad Maulin Naufa ◽  
U’um Munawaroh
Keyword(s):  
Capital Market ◽  
Stock Exchange ◽  
Investor Sentiment ◽  
Principal Component ◽  
Equation Model ◽  
Cross Sectional ◽  
Stock Mispricing ◽  
Time Invariant ◽  
Islamic Values

The aim of this research is to verify the role of Islamic value in stock mispricing in the Indonesian capital market. Empirically, high investor sentiment can lead to mispricing on equity appraisal. When investors feel excessively optimistic about their valuation, equity will be overpriced, or vice versa. The presence of Islamic values, such as the prohibition of interest, speculative and uncertain transactions, and excessive leverage, arguably reduce sentiment-based mispricing. Daily and cross-sectional market data were employed. In addition, principal component analysis was conducted to construct a firm-specific investor sentiment variable. With regard to the method, the Hausman-Taylor (H-T) approach was used to deal with heterogeneity, endogeneity, and the time-invariant variable in Fama-MacBeth regression. The results show that our baseline analysis confirms the mispricing of overall stocks. However, Islamic stocks are less exposed to sentiment-based mispricing than their non-Islamic counterparts. The results are consistent with our robustness test, in which we estimate the equation model across industry and portfolio. Finally, our findings imply various insights for both investors and policymakers.

Managing Human Resource Management through Empowerment Policy

2014 ◽  
pp. 201-217
Author(s):  
Mabebe Ntumva ◽  
Josephat Itika
Keyword(s):  
Decision Making ◽  
Human Resource ◽  
Theory And Practice ◽  
Chi Square ◽  
Cross Sectional ◽  
District Council ◽  
Significant Difference ◽  
Government Reforms ◽  
Structural Aspects

Since 1990s, local government reforms in Tanzania have emphasized empowerment at all levels as part of decentralisation by devolution. The major objective was to give more power where it should belong. One of the areas was human resource empowerment to take proactive roles in decision-making and day-to-day management of local authorities. The chapter draws data from a cross-sectional case study covering a sample of 103 out of 206 employees working in Mvomero district council to determine employees’ perceptions on the existence of structural aspects of empowerment in the organisation. By using frequencies and Chi square tests, the chapter concludes that the general perception is weak, and indeed, there is significant difference between theory and practice.

Effect of Audit Expectation Gap in Nigerian Capital Market

2014 ◽  
Vol 1 (1) ◽  
pp. 294 ◽  
Author(s):  
Paul N. Onulaka
Keyword(s):  
Capital Market ◽  
Negative Impact ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Cross Sectional Survey ◽  
Chi Square ◽  
Cross Sectional ◽  
The Public ◽  
Expectation Gap ◽  
The Relationship

Audit expectation gap is a phenomenon that presently attracts the attention of researchers all over the world. The basic problem is in the area of how the public perceives the role of the auditor, which in most cases centers on the prevention of fraud and irregularities. On the other hand the auditor and the auditing profession always exonerate themselves from the fact and perception of the public towards their work. However, the continued litigation against the auditor and the auditing profession has called on a rethink on the relationship of the auditor and the audit work he performs This paper is structured to briefly establish what auditing and its expectations gap is and the relationship audited financial statement has on capital market and to investigate if the identified gaps have any significant effect in the volume of transactions in the Nigerian capital market.It sought to establish the perception of the capital market operators on its existence. Respondents view was also sought on how the gap could be narrowed. Chi-square (χ2) was used to analyze the data obtained from the study. The data were obtained through questionnaire. Two hundred and ninety (290) copies of the instrument were found useful out of 350 copies distributed using purposive sampling technique. In this study, a cross-sectional survey was conducted in Lagos and Abuja stock Exchange to capture the perceptions of key users of financial statements in Nigerian capital market. The tests of hypothesis were done using Microsoft Excel 2010 version. Tests were carried out at a significant level of 5% and twelve degree of freedom. The findings of the study indicated that there is a wide expectation gap in the areas of auditors’ responsibility for fraud prevention and detection. Audit expectation gap has negative impact on the volume of transactions in Nigerian stock exchange.

scholarly journals A Novel Neutrosophic Data Analytic Hierarchy Process for Multi-Criteria Decision Making Method: A Case Study in Kuala Lumpur Stock Exchange

IEEE Access ◽  
2019 ◽  
Vol 7 ◽  
pp. 53687-53697 ◽  
Author(s):  
Desmond Jun Yi Tey ◽  
Yee Fei Gan ◽  
Ganeshsree Selvachandran ◽  
Shio Gai Quek ◽  
Florentin Smarandache ◽  
...  
Keyword(s):  
Decision Making ◽  
Analytic Hierarchy Process ◽  
Stock Exchange ◽  
Multi Criteria Decision Making ◽  
Kuala Lumpur ◽  
Analytic Hierarchy ◽  
Hierarchy Process ◽  
Data Analytic

scholarly journals Pengaruh Perilaku Follower Investor pada Volatilitas Saham

2017 ◽  
pp. 44
Author(s):  
Made Dewi Ayu Untari
Keyword(s):  
Service Sector ◽  
Raw Materials ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Total Sample ◽  
Absolute Deviation ◽  
Population Number ◽  
Cross Sectional ◽  
Industrial Sectors ◽  
Significant Difference

The purposes of this study are to obtain emperical evidence about the influence of followers investor’s behaviour to the stock volatility and analyze the difference offollowers investor’s betweenindustry sectors producing raw materials,manufacture industry and service industry in the Indonesia Stock Exchange (BEI), during the market crash happened in Indonesia. The population number are 507 companies, while the total sample of 247 companies. Sampling technique used purposive sampling. The analysis technique used was a cross-sectional absolute Deviation (CSADand test One Way ANOVA with Post Hoc Test and Least Significant Difference (LSD. Data shows that the behavior of follower investors has positive effect on the volatility of the current stock market crash occurs. Meanwhile, there was no difference in behavior between the follower investor industrial sectors producing raw materials, the manufacturing sector and the service sector when  the market crash.

scholarly journals Differences In Intrinsic Value With Stock Market Prices Using The Price Earning Ratio (Per) Approach As An Investment Decision Making Indicator (Case Study Of Manufacturing Companies In Indonesia Period 2016 - 2017)

2019 ◽  
Vol 1 (1) ◽  
pp. 82-92
Author(s):  
Ardy Indra Lekso Wibowo Putra ◽  
Aditya Dwiansyah Putra ◽  
Murni Sari Dewi ◽  
Denny Oktavina Radianto
Keyword(s):  
Decision Making ◽  
Stock Market ◽  
Stock Price ◽  
Stock Exchange ◽  
Intrinsic Value ◽  
Investment Decision ◽  
Manufacturing Companies ◽  
Market Prices ◽  
Investment Decision Making

An investor must be able to consider all kinds of steps that will be taken or that will be carried out, assessing stocks - shares that will provide optimal benefits in making an investment decision. By analyzing the intrinsic value of the price of a company's stock, investors can assess the fairness of the stock price. The method used to analize intrinsic value is fundamental analysis using the Price Earning Ratio (PER) approach. The samples to be taken in this research are manufacturing companies in Indonesia which are listed on the Indonesia Stock Exchange (IDX) for the period 2016 - 2017 with certain criteria. The results of this research will show that the shares of companies listed are in overvalued, undervalued or correctly valued conditions. So investors can decide to buy, hold or sell their shares.

scholarly journals ANALISIS FUNDAMENTAL DALAM PENGAMBILAN KEPUTUSAN INVESTASI SAHAM PERUSAHAAN PERKEBUNAN PERIODE 2008-2015

2017 ◽  
Vol 2 (3) ◽  
pp. 40-48
Author(s):  
Irma Dwi Pratiwi ◽  
Nugraha Nugraha
Keyword(s):  
Decision Making ◽  
Stock Exchange ◽  
Investment Decision ◽  
Total Sample ◽  
Fundamental Analysis ◽  
Stock Investment ◽  
Investment Decision Making ◽  
Analysis Technique ◽  
The Difference

Objective – For fundamental analysis and to know the description of Earning Per Share and Price Earning Ratio as a basis for consideration in decision making of stock investment in plantations sub-sector period 2008-2015.Design/methodology/approach – This type of research is descriptive method with a total sample of 7 metal and allied sub-sector companies listed on the Indonesian Stock Exchange. The analysis technique used is fundamental analysis with EPS and PER approaches. The design of this research is the method of time series design with a period of research for 8 years.Findings – Based on the results of fundamental analysis with EPS and PER approach can effectively assist investors in assesing the company’s stock on making decision of stock investment in plantations sub sector.Originality/value – The difference in this study lies in the object of research, study time, measuring tools, literature used, the theory used and the results of research. Keywords: Fundamental analysis,  Investment Decision  Making,  Stocks,  Earning Per Share (EPS), Price Earning Ratio (PER), Intrinsic ValueArticle Type: Case Study

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