scholarly journals STRATEGI DOLLAR COST AVERAGING UNTUK MENARIK MINAT MASYARAKAT BERINVESTASI DI PASAR MODAL DALAM RANGKA PENINGKATAN PENERIMAAN PAJAK

INFO ARTHA ◽  
2018 ◽  
Vol 2 (1) ◽  
pp. 53-64
Author(s):  
Sony Hartono
Keyword(s):  
High Risk ◽  
Potential Risk ◽  
Capital Market ◽  
Consumer Goods ◽  
Short Term ◽  
Lump Sum ◽  
Negative Perceptions ◽  
The Many ◽  
Public Concerns ◽  
The Capital Market

The government's efforts to promoting investment in the capital market encountered several obstacles, one of which was negative perceptions and public concerns about high risk onstockinstruments.Theemergenceofnegativeperceptions due to the many beginner investors who experience losses when entering the capital market. The method used in this research is a simulation of 14-year return calculation on severalBlueChipsstocksinthefinancialsectorandconsumer goods. The stock purchase simulation is carried out by a routine purchase method called Dollar Cost Averaging (DCA) and the Lump Sum method as the benchmark. The results showed that the DCA method proved to be able to reduce the potential risk of loss in the short term due to errors in the timing of stock purchases, and even eliminate the risk of loss in the longrun. Upaya pemerintah dalam membudayakan investasi di pasar modal menemui beberapa kendala, salah satunya adalah persepsinegatifdankekhawatiranmasyarakatterhadaprisiko yang tinggi pada instrumen saham. Munculnya persepsi negatif dikarenakan banyaknya investor pemula yang mengalami kerugian ketika masuk di pasar modal. Metode yang digunakan dalam penelitian ini adalah simulasi penghitungan return selama 14 tahun terhadap beberapa saham Blue Chips sektor finansial dan consumer goods. Simulasi pembelian saham dilakukan dengan metode pembelianrutinyangdisebutDollarCostAveraging(DCA)dan metode Lump Sum sebagai benchmark-nya. Hasil penelitian menunjukkanbahwametodeDCAterbuktimampumereduksi potensirisikokerugiandalamjangkapendekyangdikarenakan kesalahandalampenentuanwaktupembeliansaham,bahkan mengeliminasi risiko kerugian dalam jangkapanjang.

scholarly journals Pengaruh Profitabilitas, Dividend Payout Ratio dan Inflasi Terhadap Harga Saham

2021 ◽  
Vol 8 (1) ◽  
pp. 84
Author(s):  
Herman Setiawan ◽  
Victoria Victoria ◽  
Karen Victoria ◽  
Holfian Daulat Tambun Saribu ◽  
Erika Erika
Keyword(s):  
Data Analysis ◽  
Linear Regression ◽  
Capital Market ◽  
Consumer Goods ◽  
Stock Prices ◽  
Stock Exchange ◽  
Analysis Method ◽  
Dividend Payout ◽  
Share Prices ◽  
The Capital Market

The presence of the capital market in Indonesia is marked by the number of investors who purchase shares of entities that are registered in the capital market. The purpose of this research is to examine and analyze the effect of profitability, dividend payout ratio and inflation on share prices in consumer goods entities listed on the Indonesia Stock Exchange in 2014-2018. This type of research is quantitative. The population of this study is 41 consumer goods companies listed on the Indonesia Stock Exchange for the period 2014- 2018, the sample of this study is 17 companies x 5 years = 85 samples. The data analysis method of this research is to use multiple linear regression with SPSS. The results of this study are Profitability has a significant and significant effect on stock prices, while Dividend Payout Ratio and inflation have no effect on Stock Prices, and simultaneously Profitability, Dividend Payout Ratio and inflation have a significant and significant effect on Share Prices in Consumer Goods Entities listed on the Indonesia Stock Exchange. 2014-2018.

scholarly journals Differences in Investment Concepts between Chinese and Western Investors from the Cultural Perspective

2021 ◽  
Vol 2 (6) ◽  
Author(s):  
Zhiming Gong
Keyword(s):  
Cultural Differences ◽  
Capital Market ◽  
Public Information ◽  
Cultural Perspective ◽  
Short Term ◽  
The West ◽  
Independent Decision ◽  
Investment Portfolios ◽  
The Capital Market

The investment concept, reflecting the investor's investment purpose and willingness, is a value that embodies the investor's investment personality characteristics, prompts investors to carry out investment analysis, judgment, decision-making, and guides investor behaviors. Due to different maturity of the capital market in China and Western countries, there are many differences in the regulatory level, cultural and behavioral patterns of the supervision and management departments of the capital market between Chinese and Western investment philosophy. This article analyzes the differences in investment ideas between Chinese and Western investors from the culture perspective. This thesis studies on the basis of four cultural differences: "The Golden Mean" and "Interest Maximization"; the face-culture and individualism; rule of man and rule of law; and gambler psychology and adventure spirit. Based on these four aspects of cultural differences, four different investment concepts of Chinese and Western investors are analyzed: long-term investments and short-term speculation; "Herd Effect" and independent decision; grapevines and public information; and leveraged trading and allocation of funds. This thesis adopts several cases to analyze the differences between Chinese and Western investors in financial products such as stocks, gold, and futures, and in investment behavior such as the long-term investment, short-term speculation, leveraged trading, and investment portfolios. With cultural differences between China and the West probed into, the differences between Chinese and Western investors' investment concepts are justified. It is hoped that this effort will help investors deepen the understanding of the capital markets in China and the West, enable Chinese investors to learn the Western mature investment concepts, and facilitate the regulators to manage the capital market effectively.

scholarly journals The effect of activity ratios, liquidity, and profitability on the dividend payout ratio

2021 ◽  
Vol 3 (1) ◽  
pp. 36
Author(s):  
Muhammad Arsyad ◽  
Sitti Hartati Haeruddin ◽  
Muslim Muslim ◽  
Muhammad Faisal A. R. Pelu
Keyword(s):  
Capital Market ◽  
Consumer Goods ◽  
Dividend Policy ◽  
Manufacturing Companies ◽  
Dividend Payout ◽  
Industry Sector ◽  
Activity Ratios ◽  
Consumer Goods Industry ◽  
The Impact ◽  
The Capital Market

Dividends are a significant factor in investors' investment interests, so that dividend policy is a critical factor for companies to retain their shareholders. On this purposes, the companies must improve financial performance, especially activity ratios, liquidity ratios, and profitability ratios in this condition. The consumer goods industry sector is one of the industries that play a significant role in the capital market as they have rapid business competition. Until May 2020, the performance condition of companies in the consumer goods industry was experiencing less than optimal conditions as the manufacturing sector weakened at 22.0% due to the weakening of Indonesia's manufacturing Purchasing Managers' Index (PMI). The condition indicates that the impact of a decrease in the company's liquidity performance is a decrease in demand for manufactured goods which gives results in a decrease in profitability performance, and a less than optimal turnover of company assets in the consumer goods industry sector. This study uses manufacturing companies in the consumer goods industry listed on the Indonesia Stock Exchange from 2015 to 2019 as a sample. Multiple regression analysis results show that return on investment has a positive and significant effect on the dividend payout ratio. This result implies that the profitability ratio is a positive signal for investors in the capital market regarding the company's dividend policy.

scholarly journals Exploring the effectiveness of deep neural networks with technical analysis applied to stock market prediction

2021 ◽  
Vol 18 (2) ◽  
pp. 401-418
Author(s):  
Ming-Che Lee ◽  
Jia-Wei Chang ◽  
Jason Hung ◽  
Bae-Ling Chen
Keyword(s):  
Stock Market ◽  
Capital Market ◽  
Stock Prices ◽  
Short Term Memory ◽  
Technical Analysis ◽  
Short Term ◽  
Continuous Growth ◽  
Technical Indicators ◽  
Deep Network ◽  
The Capital Market

The sustainable development of the national economy depends on the continuous growth and growth of the capital market, and the stock market is an important factor of the capital market. The growth of the stock market can generate a huge positive force for the country's economic strength, and the steady growth of the stock market also plays a pivotal role in the overall economic pulsation and is very helpful to the country's high economic development. There are different views on whether the technical analysis of the stock market is efficient. This study aims to explore the feasibility and efficiency of using deep network and technical analysis indicators to estimate short-term price movements of stocks. The subject of this study is TWSE 0050, which is the most traded ETF in Taiwan's stock exchange, and the experimental transaction range is 2017/01 ~ 2019 Q3. A four layer Long Short-Term Memory (LSTM) model was constructed. This research uses well-known technical indicators such as the KD, RSI, BIAS, Williams% R, and MACD, combined with the opening price, closing price, daily high and low prices, etc., to predict the trend of stock prices. The results show that the combination of technical indicators and the LSTM deep network model can achieve 83.6% accuracy in the three categories of rise, fall, and flatness.

scholarly journals PENGATURAN REKSADANA SYARIAH DALAM KONSTRUKSI HUKUM POSITIF DI INDONESIAENGATURAN REKSADANA SYARIAH DALAM KONSTRUKSI HUKUM POSITIF DI INDONESIA

2019 ◽  
Vol 10 (1) ◽  
pp. 17
Author(s):  
Baiq Nur Aini Dwi Suryaningsih
Keyword(s):  
Mutual Funds ◽  
Financial Institutions ◽  
Capital Market ◽  
Financial Services ◽  
Alcoholic Beverage ◽  
Conceptual Approach ◽  
Positive Law ◽  
Property Owners ◽  
The Many ◽  
The Capital Market

This research is related to the Arrangement of Sharia Mutual Funds in the Construction of Positive Laws in Indonesia. Sharia mutual funds are one of the instruments that play an essential role in the capital market in Indonesia. The emergence of Sharia Mutual Funds originated from conventional mutual funds. The many needs of financial institutions in the capital market that operate with sharia principles, Sharia Mutual Funds appear and act according to Islamic sharia provisions and laws. Both in the form of contracts between investors as property owners (Shahibul Maal) and investment managers as representatives of Shahibul Maal, and between investment managers as representatives of Shahibul Maal and investment users. Islamic mutual funds will not invest their funds in bonds of companies whose management or products are contrary to Islamic sharia, for example, alcoholic beverage factories, pig industry, financial services involving usury in operations and businesses that contain immorality. This study uses the Statute Approach and Conceptual Approach, which are complemented by primary, secondary, and tertiary legal materials which are analyzed qualitatively. Regulation of Sharia Mutual Funds in Indonesia under the Capital Market Law Number 8 of 1995 concerning Capital Market and Financial Services Authority Regulation Number 19/POJK.04/2015 concerning Issuance and Requirements of Sharia Mutual Funds and other technical regulations. And specifically, Sharia Mutual Funds are regulated in the Fatwa of the National Sharia Council of the Indonesian Ulema Council Number 20/DSN-MUI/IV/2001 concerning the Guidelines for implementing Investment for Sharia Mutual Funds. Furthermore, Islamic mutual funds at the normative level require a strong foundation in the context of regulation, specifically in positive law in Indonesia to accommodate the needs of the community for the bill. Keywords: regulation, sharia mutual funds, positive legal constructionABSTRAKPenelitian ini berkaitan dengan Pengaturan Reksadana Syariah dalam Konstruksi Hukum Positif di Indonesia. Reksadana Syariah merupakan salah satu instrumen yang berperan penting dalam pasar modal di Indonesia. Munculya Reksadana Syariah bermula dari Reksadana konvensional. Banyaknya kebutuhan akan lembaga keuangan dalam pasar modal yang beroperasi dengan prinsip-prinsip syariah, maka Reksadana Syariah muncul dan beroperasi menurut ketentuan dan prinsip syariah Islam, baik dalam bentuk akad antara pemodal sebagai pemilik harta (shahibul maal) dengan manajer investasi sebagai wakil shahibul maal, maupun antara manajer investasi sebagai wakil shahibul maal dengan pengguna investasi. Reksadana syariah tidak akan menginvestasikan dananya pada obligasi dari perusahaan yang pengelolaannya atau produknya bertentangan dengan syariah Islam misalnya pabrik minuman beralkohol, industri pertenakan babi, jasa keuangan yang melibatkan riba dalam operasionalnya dan bisnis yang mengandung maksiat. Penelitian ini menggunakan pendekatan Perundang-Undangan (Statute Approach) dan pendekatan konseptual (Conceptual Approach), yang dilengkapi dengan bahan hukum primer, sekunder dan tersier yang dianalisis secara kualitatif. Pengaturan Reksadana Syariah di Indonesia berdasarkan Undang– Undang Pasar Modal Nomor 8 Tahun 1995 tentang Pasar Modal dan Peraturan Otoritas Jasa Keuangan Nomor 19/POJK.04/2015 Tentang Penerbitan dan Persyaratan Reksa Dana Syariah dan Peraturan teknis lainnya. Dan secara khusus Reksadana Syariah diatur dalam Fatwa Dewan Syariah Nasional Majelis Ulama Indonesia Nomor 20/DSN-MUI/IV/2001 Tentang Pedoman pelaksanaan Investasi untuk Reksadana Syariah. Selanjutnya Reksadana syariah pada tataran normatif memerlukan landasan yang kuat dalam konteks pengaturan secara khusus dalam hukum positif di Indonesia hal tersebut untuk mengakomodir kebutuhan masyarakat akan hukum. Kata kunci: konstruksi hukum positif, reksadana syariah

scholarly journals Conceptual study of the difference between the money market and the capital market

2020 ◽  
Vol 4 (1) ◽  
pp. 51-59
Author(s):  
Ildikó Wieland ◽  
Levente Kovács ◽  
Taras Savchenko
Keyword(s):  
Financial Market ◽  
Capital Market ◽  
Financial Risk ◽  
Capital Requirements ◽  
Money Market ◽  
Financial Assets ◽  
Legal Basis ◽  
Short Term ◽  
Professional Literature ◽  
The Capital Market

The article is devoted to the research of theoretical principles of development of such components of the financial market as the money market and the capital market, identification of key differences between them on the basis of the analysis of scientific professional literature and key provisions of the legislative framework, substantiation of the general interpretation of their essence that could be used in international practice. The article analyzes the peculiarities of formation and functioning of each type of markets, traditional differences between them, examines international practice and statistics on the use of these terms by economic agents, defines the legal basis for understanding their essence and the legal basis for the delineation of these two types of markets. It is proved that a thorough analysis of the peculiarities of the functioning of individual markets, the frequency, and popularity of the use of their definitions in economic practice, the definition of users of these types of markets and their functions, form the prerequisites for clarifying the definitions of the essence of each of these markets, with their further global harmonization. The result of the research is the authors’ own interpretations of the concepts of the “money market” and “capital market”. The money market offers an understanding of the transaction system for the purchase and sale of liquid cash or other short-term financial assets, which typically include short-term financial liabilities (up to one year), the purpose of which is usually to provide financing for current operations, short-term profit or financial risk management in the short-term. The capital market is defined in the article as a system of transactions for the purchase and sale of financial assets, which include securities, derivatives, or financial transactions, which usually involve long-term financial liabilities, the purpose of which is to satisfy capital requirements or increase capital. Keywords: money market; capital market; financial market; legal basis; international practice, definitions.

Institutional Investors on the Securities Market

2003 ◽  
pp. 95-101
Author(s):  
O. Khmyz
Keyword(s):  
Financial Crisis ◽  
Capital Market ◽  
Hedge Funds ◽  
Institutional Investors ◽  
Securities Market ◽  
Main Role ◽  
Investment Funds ◽  
Investment Process ◽  
The Capital Market

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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